PUTNAM CAPITAL MANAGER TRUST SEPARATE ACCOUNT TWO
485BPOS, 2000-10-02
Previous: UMB SCOUT WORLDWIDE FUND INC, 40-17F2, 2000-10-02
Next: PUTNAM CAPITAL MANAGER TRUST SEPARATE ACCOUNT TWO, 485BPOS, EX-9, 2000-10-02




<PAGE>

    As filed with the Securities and Exchange Commission on October 2, 2000.
                                                              File No. 333-91931
                                                                       811-07622
                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D. C. 20549
                                    FORM N-4

REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933

         Pre-Effective Amendment No.                                         [ ]
                                    ------
         Post-Effective Amendment No.  3                                     [X]
                                     -----

REGISTRATION STATEMENT UNDER THE INVESTMENT COMPANY ACT OF 1940

                  Amendment No. 70                                           [X]
                               -----

                   HARTFORD LIFE AND ANNUITY INSURANCE COMPANY
                PUTNAM CAPITAL MANAGER TRUST SEPARATE ACCOUNT TWO
                           (Exact Name of Registrant)

                   HARTFORD LIFE AND ANNUITY INSURANCE COMPANY
                               (Name of Depositor)
                                 P. O. Box 2999
                             Hartford, CT 06104-2999
                   (Address of Depositor's Principal Offices)

-                                (860) 843-5445
               (Depositor's Telephone Number, Including Area Code)

                             Christopher M. Grinnell
                         Hartford Life Insurance Company
                                 P. O. Box 2999
                             Hartford, CT 06104-2999
                     (Name and Address of Agent for Service)

It is proposed that this filing will become effective:

                  immediately upon filing pursuant to paragraph (b) of Rule 485
           -----
             X    on November 1, 2000 pursuant to paragraph (b) of Rule 485
           -----
                  60 days after filing pursuant to paragraph (a)(1) of Rule 485
           -----
                  on _____ , 2000 pursuant to paragraph (a)(1) of Rule 485
           -----
                  this post-effective amendment designates a new effective date
           -----  for a previously filed post-effective amendment.


Approximate Date of Proposed Public Offering: As soon as practicable after
the effective date of the registration statement.

<PAGE>


                                  PARTS A AND B


The Prospectus and Statement of Additional Information (including all
financial statements therein) are incorporated in Parts A and B,
respectively, of this Post-Effective Amendment No. 3, by reference to the
Initial filing to the Registration Statement on Form N-4 (File No.
333-91931), as filed on April 10, 2000 and declared effective on May 1, 2000.

A Supplement to the Prospectus, dated November 1, 2000 is included in Part A of
this Post-Effective Amendment.

<PAGE>

                                       PUTNAM HARTFORD CAPITAL MANAGER PLUS
                                                 VARIABLE ANNUITY
                                    HARTFORD LIFE AND ANNUITY INSURANCE COMPANY

           SUPPLEMENT DATED NOVEMBER 1, 2000 TO THE PROSPECTUS DATED MAY 1, 2000

The following Sub-Accounts and underlying Funds will be added in alphabetical
order to the cover page of the prospectus:

-    PUTNAM CAPITAL APPRECIATION SUB-ACCOUNT which purchases Class IB shares of
     Putnam VT Capital Appreciation Fund of Putnam Variable Trust

-    PUTNAM VOYAGER FUND II SUB-ACCOUNT which purchases Class IB shares of
     Putnam VT Voyager Fund II of Putnam Variable Trust

The following will be the Annual Fund Operating Expenses table along with
corresponding footnotes:


                                          Annual Fund Operating Expenses
                                             As of the Fund's Year End
                                          (As a percentage of net assets)

<TABLE>
<CAPTION>
                                                                                                    TOTAL ANNUAL
                                                                                                        FUND
                                                                                                      OPERATING
                                                                                                      EXPENSES
                                   MANAGEMENT                                 OTHER                  (INCLUDING
                                      FEES         12b-1 FEES                EXPENSES              WAIVERS AND ANY
                                   (INCLUDING      (INCLUDING             (INCLUDING ANY           REIMBURSEMENTS)
                                    WAIVERS)       WAIVERS)              REIMBURSEMENTS)                 (1)
------------------------------ ------------------- ---------------- ---------------------------------------------------
<S>                            <C>                 <C>              <C>                            <C>
   Putnam VT American                 0.41%             0.15%                 0.49%                     1.05%
   Government Income
   Fund (2)(3)
------------------------------ ------------------- ---------------- ---------------------------------------------------
   Putnam VT Asia Pacific             0.80%             0.15%                 0.33%                     1.28%
   Growth Fund
------------------------------ ------------------- ---------------- ---------------------------------------------------
   Putnam VT Capital                  0.65%             0.15%                 0.27%                     1.07%
   Appreciation Fund
------------------------------ ------------------- ---------------- ---------------------------------------------------
   Putnam VT Diversified              0.68%             0.15%                 0.10%                     0.93%
   Income Fund
------------------------------ ------------------- ---------------- ---------------------------------------------------
   Putnam VT The George               0.65%             0.15%                 0.18%                     0.98%
   Putnam Fund of
   Boston
------------------------------ ------------------- ---------------- ---------------------------------------------------
   Putnam VT Global Asset             0.65%             0.15%                 0.12%                     0.92%
   Allocation Fund
------------------------------ ------------------- ---------------- ---------------------------------------------------
   Putnam VT Global                   0.61%             0.15%                 0.12%                     0.88%
   Growth Fund
------------------------------ ------------------- ---------------- ---------------------------------------------------
   Putnam VT Growth and               0.46%             0.15%                 0.04%                     0.65%
   Income Fund
------------------------------ ------------------- ---------------- ---------------------------------------------------
   Putnam VT Growth
   Opportunities Fund (2)             0.70%             0.15%                 0.20%                     1.05%
------------------------------ ------------------- ---------------- ---------------------------------------------------
</TABLE>



<PAGE>

<TABLE>
<CAPTION>
                                                                                                    TOTAL ANNUAL
                                                                                                        FUND
                                                                                                      OPERATING
                                                                                                      EXPENSES
                                   MANAGEMENT                                 OTHER                  (INCLUDING
                                      FEES         12b-1 FEES                EXPENSES              WAIVERS AND ANY
                                   (INCLUDING      (INCLUDING             (INCLUDING ANY           REIMBURSEMENTS)
                                    WAIVERS)       WAIVERS)              REIMBURSEMENTS)                 (1)
------------------------------ ------------------- ---------------- ---------------------------------------------------
<S>                            <C>                 <C>              <C>                            <C>
   Putnam VT Health                   0.70%             0.15%                 0.13%                     0.98%
   Sciences Fund
------------------------------ ------------------- ---------------- ---------------------------------------------------
   Putnam VT High Yield               0.65%             0.15%                 0.07%                     0.87%
   Fund
------------------------------ ------------------- ---------------- ---------------------------------------------------
   Putnam VT Income                   0.60%             0.15%                 0.07%                     0.82%
   Fund
------------------------------ ------------------- ---------------- ---------------------------------------------------
   Putnam VT International            0.80%             0.15%                 0.22%                     1.17%
   Growth Fund
------------------------------ ------------------- ---------------- ---------------------------------------------------
   Putnam VT International            0.80%             0.15%                 0.18%                     1.13%
   Growth and Income
   Fund
------------------------------ ------------------- ---------------- ---------------------------------------------------
   Putnam VT International            1.08%             0.15%                 0.33%                     1.56%
   New Opportunities
   Fund
------------------------------ ------------------- ---------------- ---------------------------------------------------
   Putnam VT Investors                0.63%             0.15%                 0.08%                     0.86%
   Fund
------------------------------ ------------------- ---------------- ---------------------------------------------------
   Putnam VT Money                    0.41%             0.15%                 0.08%                     0.64%
   Market Fund
------------------------------ ------------------- ---------------- ---------------------------------------------------
   Putnam VT New                      0.54%             0.15%                 0.05%                     0.74%
   Opportunities Fund
------------------------------ ------------------- ---------------- ---------------------------------------------------
   Putnam VT New Value                0.70%             0.15%                 0.10%                     0.95%
   Fund
------------------------------ ------------------- ---------------- ---------------------------------------------------
   Putnam VT OTC &                    0.53%             0.15%                 0.37%                     1.05%
   Emerging Growth
   Fund (3)
------------------------------ ------------------- ---------------- ---------------------------------------------------
   Putnam VT Research                 0.54%             0.15%                 0.31%                     1.00%
   Fund (3)
------------------------------ ------------------- ---------------- ---------------------------------------------------
   Putnam VT Small Cap                0.53%             0.15%                 0.76%                     1.44%
   Value Fund (4)
------------------------------ ------------------- ---------------- ---------------------------------------------------
   Putnam VT Technology               1.00%             0.15%                 0.19%                     1.34%
   Fund (2)
------------------------------ ------------------- ---------------- ---------------------------------------------------
   Putnam VT Utilities                0.65%             0.15%                 0.06%                     0.86%
   Growth and Income
   Fund
------------------------------ ------------------- ---------------- ---------------------------------------------------
   Putnam VT Vista Fund               0.65%             0.15%                 0.10%                     0.90%
------------------------------ ------------------- ---------------- ---------------------------------------------------
   Putnam VT Voyager                  0.53%             0.15%                 0.04%                     0.72%
   Fund
------------------------------ ------------------- ---------------- ---------------------------------------------------
   Putnam VT Voyager                  0.70%             0.15%                 0.30%                     1.15%
   Fund II
------------------------------ ------------------- ---------------- ---------------------------------------------------
</TABLE>

(1)  Except as noted, expenses are based on the Fund's last fiscal year. Figures
     shown in the table include amounts paid through expense offset and
     brokerage service arrangements. See the Fund's prospectus for more
     information about 12b-1 fees payable under the Fund's distribution plan.
(2)  Putnam VT American Government Income Fund and Putnam VT Growth
     Opportunities Fund commenced operations on January 31, 2000 and Putnam VT
     Technology Fund commenced operations on June 14, 2000; therefore, the
     Management Fees, 12b-1 Fees, Other Expenses

<PAGE>

     and Total Annual Fund Operating Expenses are based on estimates for the
     Fund's first full fiscal year.
(3)  Total Annual Fund Operating Expenses for Putnam VT American Government
     Income Fund, Putnam VT OTC & Emerging Growth Fund and Putnam VT Research
     Fund reflect voluntary reductions and reimbursements through at least
     December 31, 2000. Absent voluntary reductions and reimbursements, Total
     Annual Fund Operating Expenses would have been as follows:

<TABLE>
<CAPTION>
                                                                                                       TOTAL FUND
                                       MANAGEMENT           12b-1               OTHER                  OPERATING
                                          FEES               FEES              EXPENSES                 EXPENSES
---------------------------------- ------------------- ---------------- ---------------------- --------------------------
<S>                                <C>                 <C>               <C>                     <C>
   Putnam VT American                     0.65%             0.15%               0.49%                    1.29%
   Government Income
   Fund
---------------------------------- ------------------- ---------------- ---------------------- --------------------------
   Putnam VT OTC &                        0.70%             0.15%               0.37%                    1.22%
   Emerging Growth Fund
---------------------------------- ------------------- ---------------- ---------------------- --------------------------
   Putnam VT Research                     0.65%             0.15%               0.31%                    1.11%
   Fund
---------------------------------- ------------------- ---------------- ---------------------- --------------------------
</TABLE>

(4) Putnam VT Small Cap Value Fund commenced operations on April 30, 1999.
Expenses for Putnam VT Small Cap Value Fund are estimates for the Fund's fiscal
year ending December 31, 2000.

The following will be added to the end of the Example that illustrates
situations where the Optional Death Benefit Rider is NOT selected and takes into
account the Payment Enhancement credited on a $1,000 investment:

EXAMPLE

<TABLE>
<CAPTION>

                           If you surrender your               If you annuitize your             If you do not surrender your
                        Contract at the end of the           Contract at the end of the          Contract, you would pay the
                        applicable time period you           applicable time period you            following expenses on a
                          would pay the following             would pay the following                 $1,000 investment,
                           expenses on a $1,000                 expenses on a $1,000                 assuming a 5% annual
                         investment, assuming a 5%           investment, assuming a 5%                return on assets:
                         annual return on assets:             annual return on assets:
------------------- ----------------------------------- ------------------------------------ ---------------------------------------
<S>                  <C>        <C>      <C>       <C>     <C>       <C>         <C>      <C>      <C>       <C>       <C>     <C>
SUB-ACCOUNT             1         3        5        10        1        3          5         10        1        3        5       10
                      YEAR      YEARS     YEARS    YEARS     YEAR     YEARS      YEARS    YEARS     YEAR     YEARS     YEARS   YEARS
------------------- --------- ------------------ --------- ------- ---------- --------- ---------- ------- --------- -------- ------
 Putnam
 Capital              $105      $170      N/A       N/A      $59      $89        N/A       N/A       $29      $90       N/A     N/A
 Appreciation
------------------- --------- ------------------ --------- ------- ---------- --------- ---------- ------- --------- -------- ------
 Putnam
 Voyager Fund         $106      $172      N/A       N/A      $60      $ 92       N/A       N/A       $30      $92       N/A     N/A
 II
------------------- --------- ------------------ --------- ------- ---------- --------- ---------- ------- -------- --------- ------
</TABLE>

The following will be added to the end of the Example that illustrates
situations where the Optional Death Benefit Rider is selected and takes into
account the Payment Enhancement credited on a $1,000 investment:

<PAGE>

EXAMPLE
<TABLE>
<CAPTION>
                             If you surrender your               If you annuitize your             If you do not surrender your
                          Contract at the end of the           Contract at the end of the           Contract, you would pay the
                          applicable time period you           applicable time period you             following expenses on a
                            would pay the following             would pay the following                 $1,000 investment,
                             expenses on a $1,000                 expenses on a $1,000                 assuming a 5% annual
                           investment, assuming a 5%           investment, assuming a 5%                 return on assets:
                           annual return on assets:             annual return on assets:
--------------------- ----------------------------------- ------------------------------------ -------------------------------------
<S>                   <C>        <C>       <C>      <C>       <C>      <C>        <C>       <C>      <C>      <C>      <C>    <C>
SUB-ACCOUNT               1         3        5        10        1         3         5         10        1        3      5      10
                        YEAR      YEARS     YEARS    YEARS     YEAR     YEARS      YEARS    YEARS     YEAR     YEARS   YEARS   YEARS
--------------------- --------- --------- -------- --------- -------- --------- --------- ---------- ------- --------- ------ ------
   Putnam Capital
   Appreciation         $107      $174      N/A       N/A      $60       $94       N/A       N/A       $31      $95    N/A      N/A
--------------------- --------- --------- -------- --------- -------- --------- --------- ---------- ------- --------- ------ ------
   Putnam
   Voyager Fund         $108      $ 177     N/A       N/A      $61       $97       N/A       N/A       $32      $97    N/A      N/A
   II
--------------------- --------- --------- -------- --------- -------- --------- --------- ---------- ------- --------- ------ ------
</TABLE>

The following will be added to the "The Funds" section in alphabetical order:

PUTNAM VT CAPITAL APPRECIATION FUND - Seeks capital appreciation.

PUTNAM VT VOYAGER FUND II - Seeks long-term growth of capital.










HV-2760


<PAGE>

                                     PART C



<PAGE>



OTHER INFORMATION

Item 24.  Financial Statements and Exhibits

           (a) All financial statements are included in Part A and Part B of the
           Registration Statement.

           (b) (1) Resolution of the Board of Directors of Hartford Life
                  and Annuity Insurance Company ("Hartford") authorizing the
                  establishment of the Separate Account.(1)

               (2)   Not applicable.

               (3)   (a)   Principal Underwriter Agreement.(2)

               (3)   (b)   Form of Dealer Agreement.(2)

               (4)   Form of Individual Flexible Premium Variable Annuity
                     Contract.(4)

               (5)   Form of Application.(5)

               (6)   (a)   Articles of Incorporation of Hartford.(3)
               (6)   (b)   Bylaws of Hartford.(1)

               (7)   Not applicable.

               (8)   Form of Fund Participation Agreement.(6)

               (9)   Opinion and Consent of Lynda Godkin, Senior Vice President,
                     General Counsel, and Corporate Secretary.

               (10)  Consent of Arthur Andersen LLP, Independent Public
                     Accountants.

--------
1  Incorporated by reference to Post-Effective Amendment No. 2, to the
   Registration Statement File No. 33-73572, dated May 1, 1995.
2  Incorporated by reference to Post-Effective Amendment No. 3, to the
   Registration Statement File No. 33-73572, dated May 1, 1996.
3  Incorporated by reference to Post-Effective Amendment No. 8, to the
   Registration Statement File No. 33-73572, dated April 15, 1998.
4  Incorporated by reference to the Initial Filing to the Registration
   Statement, File No. 333-91931, filed on December 1, 1999.
5  Incorporated by reference to Pre-Effective Amendment No. 1 to the
   Registration Statement, File No. 333-91931, filed on February 22, 2000.
6  Incorporated by reference to Post-Effective Amendment No. 2 to the
   Registration Statement, File No. 333-91921, filed on August 25, 2000


<PAGE>

               (11)  No financial statements are omitted.

               (12)  Not applicable.

               (13)  Not applicable.

               (14)  Not applicable.

               (15)  Copy of Power of Attorney.

               (16)  Organizational Chart.

Item 25.     Directors and Officers of the Depositor


<TABLE>
<CAPTION>
NAME                                         POSITION WITH HARTFORD
-------------------------------------------  -------------------------------------------------------------------------
<S>                                          <C>
David A. Carlson                             Vice President
-------------------------------------------  -------------------------------------------------------------------------
Peter W. Cummins                             Senior Vice President
-------------------------------------------  -------------------------------------------------------------------------
Bruce W. Ferris                              Vice President
-------------------------------------------  -------------------------------------------------------------------------
Timothy M. Fitch                             Vice President
-------------------------------------------  -------------------------------------------------------------------------
Mary Jane B. Fortin                          Vice President & Chief Accounting Officer
-------------------------------------------  -------------------------------------------------------------------------
David T. Foy                                 Senior Vice President, Chief Financial Officer &
                                             Treasurer, Director*
-------------------------------------------  -------------------------------------------------------------------------
Lynda Godkin                                 Senior Vice President, General Counsel and
                                             Corporate Secretary, Director*
-------------------------------------------  -------------------------------------------------------------------------
Lois W. Grady                                Senior Vice President
-------------------------------------------  -------------------------------------------------------------------------
Stephen T. Joyce                             Senior Vice President
-------------------------------------------  -------------------------------------------------------------------------
Michael D. Keeler                            Vice President
-------------------------------------------  -------------------------------------------------------------------------
Robert A. Kerzner                            Senior Vice President
-------------------------------------------  -------------------------------------------------------------------------
Thomas M. Marra                              President, Director*
-------------------------------------------  -------------------------------------------------------------------------
Joseph J. Noto                               Vice President
-------------------------------------------  -------------------------------------------------------------------------
Craig R. Raymond                             Senior Vice President and Chief Actuary
-------------------------------------------  -------------------------------------------------------------------------
Lowndes A. Smith                             Chief Executive Officer, Director*
-------------------------------------------  -------------------------------------------------------------------------
David M. Znamierowski                        Senior Vice President & Chief Investment Officer,
                                             Director*
-------------------------------------------  -------------------------------------------------------------------------
</TABLE>

Unless otherwise indicated, the principal business address of each of the above
individuals is P.O. Box 2999, Hartford, CT 06104-2999.

*Denotes Board of Directors.


<PAGE>


Item 26.      Persons Controlled By or Under Common Control with the Depositor
              or Registrant

              Filed herewith as Exhibit 16.

Item 27.      Number of Contract Owners

              As of August 31, 2000, there were 247,262 Contract Owners.

Item 28.      Indemnification

         Sections 33-770 to 33-778, inclusive, of the Connecticut General
         Statutes ("CGS") provide that a corporation may provide indemnification
         of or advance expenses to a director, officer, employee or agent.
         Reference is hereby made to Section 33-771(e) of CGS regarding
         indemnification of directors and Section 33-776(d) of CGS regarding
         indemnification of officers, employees and agents of Connecticut
         corporations. These statutes provide, in general, that Connecticut
         corporations incorporated prior to January 1, 1997 shall, except to the
         extent that their certificate of incorporation expressly provides
         otherwise, indemnify their directors, officers, employees and agents
         against "liability" (defined as the obligation to pay a judgment,
         settlement, penalty, fine, including an excise tax assessed with
         respect to an employee benefit plan, or reasonable expenses incurred
         with respect to a proceeding) when (1) a determination is made pursuant
         to Section 33-775 that the party seeking indemnification has met the
         standard of conduct set forth in Section 33-771 or (2) a court has
         determined that indemnification is appropriate pursuant to Section
         33-774. Under Section 33-775, the determination of and the
         authorization for indemnification are made (a) by the disinterested
         directors, as defined in Section 33-770(3); (b) by special counsel; (c)
         by the shareholders; or (d) in the case of indemnification of an
         officer, agent or employee of the corporation, by the general counsel
         of the corporation or such other officer(s) as the board of directors
         may specify. Also, Section 33-772 provides that a corporation shall
         indemnify an individual who was wholly successful on the merits or
         otherwise against reasonable expenses incurred by him in connection
         with a proceeding to which he was a party because he was a director of
         the corporation. In the case of a proceeding by or in the right of the
         corporation or with respect to conduct for which the director, officer,
         agent or employee was adjudged liable on the basis that he received a
         financial benefit to which he was not entitled, indemnification is
         limited to reasonable expenses incurred in connection with the
         proceeding against the corporation to which the individual was named a
         party.


         Under the Depositor's bylaws, the Depositor must indemnify both
         directors and officers of the Depositor for (1) any claims and
         liabilities to which they become subject by reason of being or having
         been directors or officers of the Depositor and (2) legal and other
         expenses incurred in defending against such claims, in each case, to
         the extent such is consistent with statutory provisions.


<PAGE>

         Section 33-777 of CGS specifically authorizes a corporation to procure
         indemnification insurance on behalf of an individual who was a
         director, officer, employer or agent of the corporation. Consistent
         with the statute, the directors and officers of the Depositor and
         Hartford Securities Distribution Company, Inc. ("HSD") are covered
         under a directors and officers liability insurance policy issued to The
         Hartford Financial Services Group, Inc. and its subsidiaries.

         Insofar as indemnification for liabilities arising under the Securities
         Act of 1933 may be permitted to directors, officers and controlling
         persons of the Registrant pursuant to the foregoing provisions, or
         otherwise, the Registrant has been advised that in the opinion of the
         Securities and Exchange Commission such indemnification is against
         public policy as expressed in the Act and is, therefore, unenforceable.
         In the event that a claim for indemnification against such liabilities
         (other than the payment by the Registrant of expenses incurred or paid
         by a director, officer or controlling person of the Registrant in the
         successful defense of any action, suit or proceeding) is asserted by
         such director, officer or controlling person in connection with the
         securities being registered, the Registrant will, unless in the opinion
         of its counsel the matter has been settled by controlling precedent,
         submit to a court of appropriate jurisdiction the question whether such
         indemnification by it is against public policy as expressed in the Act
         and will be governed by the final adjudication of such issue.


Item 29.      Principal Underwriters

             (a) HSD acts as principal underwriter for the following investment
                 companies:

                 Hartford Life Insurance Company - Separate Account One
                 Hartford Life Insurance Company - Separate Account Two
                 Hartford Life Insurance Company - Separate Account Two (DC
                 Variable Account I)
                 Hartford Life Insurance Company - Separate Account Two (DC
                 Variable Account II)
                 Hartford Life Insurance Company - Separate Account Two (QP
                 Variable Account)
                 Hartford Life Insurance Company - Separate Account Two
                 (Variable Account "A")
                 Hartford Life Insurance Company - Separate Account Two
                 (NQ Variable Account)
                 Hartford Life Insurance Company - Putnam Capital Manager
                 Trust Separate Account
                 Hartford Life Insurance Company - Separate Account Three
                 Hartford Life Insurance Company - Separate Account Five
                 Hartford Life Insurance Company - Separate Account Seven
<PAGE>

                 Hartford Life and Annuity Insurance Company - Separate Account
                 One
                 Hartford Life and Annuity Insurance Company - Putnam Capital
                 Manager Trust Separate Account Two
                 Hartford Life and Annuity Insurance Company - Separate Account
                 Three
                 Hartford Life and Annuity Insurance Company - Separate Account
                 Five
                 Hartford Life and Annuity Insurance Company - Separate Account
                 Six
                 Hartford Life and Annuity Insurance Company - Separate Account
                 Seven
                 Hart Life Insurance Company - Separate  Account One
                 Hart Life Insurance Company - Separate  Account Two
                 American Maturity Life Insurance Company - Separate Account
                 AMLVA
                 Servus Life Insurance Company - Separate Account One
                 Servus Life Insurance Company - Separate Account Two

             (b)  Directors and Officers of HSD

<TABLE>
<CAPTION>
                                                        Positions and Offices
                   Name                                 With Underwriter
                   ----                                 ----------------
<S>                                                  <C>
              David A. Carlson                       Vice President
              Peter W. Cummins                       Senior Vice President
              David T. Foy                           Director
              Lynda Godkin                           Senior Vice President,
                                                     General Counsel and
                                                     Corporate Secretary
              George R. Jay                          Controller
              Robert A. Kerzner                      Executive Vice President
              Thomas M. Marra                        Executive Vice President, Director
              Paul E. Olson                          Supervising Registered Principal
              Lowndes A. Smith                       President and Chief Executive Officer, Director
</TABLE>

                  Unless otherwise indicated, the principal business address of
                  each the above individuals is P.O. Box 2999, Hartford, CT
                  06104-2999.

Item 30.      Location of Accounts and Records

              All of the accounts, books, records or other documents required to
              be kept by Section 31(a) of the Investment Company Act of 1940 and
              rules thereunder, are maintained by Hartford at 200 Hopmeadow
              Street, Simsbury, Connecticut 06089.

Item 31.      Management Services

              All management contracts are discussed in Part A and Part B of
              this Registration Statement.

Item 32.      Undertakings

<PAGE>

              (a) The Registrant hereby undertakes to file a post-effective
                  amendment to this Registration Statement as frequently as is
                  necessary to ensure that the audited financial statements in
                  the Registration Statement are never more than 16 months old
                  so long as payments under the variable annuity Contracts may
                  be accepted.

              (b) The Registrant hereby undertakes to include either (1) as
                  part of any application to purchase a Contract offered by the
                  Prospectus, a space that an applicant can check to request a
                  Statement of Additional Information, or (2) a post card or
                  similar written communication affixed to or included in the
                  Prospectus that the applicant can remove to send for a
                  Statement of Additional Information.

              (c) The Registrant hereby undertakes to deliver any Statement
                  of Additional Information and any financial statements
                  required to be made available under this Form promptly upon
                  written or oral request.

              (d) Hartford hereby represents that the aggregate fees and
                  charges under the Contract are reasonable in relation to the
                  services rendered, the expenses expected to be incurred, and
                  the risks assumed by Hartford.

              The Registrant is relying on the no-action letter issued by the
              Division of Investment Management to American Counsel of Life
              Insurance, Ref. No. IP-6-88, November 28, 1988. The Registrant has
              complied with conditions one through four of the no-action letter.

<PAGE>


                                   SIGNATURES
                                   ----------

As required by the Securities Act of 1933 and the Investment Company Act of
1940, the Registrant certifies that it meets all the requirements for
effectiveness of this Registration Statement pursuant to Rule 485(b) under the
Securities Act of 1933 and has duly caused this Registration Statement to be
signed on its behalf, in the Town of Simsbury, and State of Connecticut on this
2nd day of October, 2000.

HARTFORD LIFE AND ANNUITY INSURANCE COMPANY -
PUTNAM CAPITAL MANAGER TRUST SEPARATE ACCOUNT TWO
      (Registrant)

By:   Thomas M. Marra                               *By:  /s/ Marianne O'Doherty
      -----------------------------------                 ----------------------
       Thomas M. Marra, President*                        Marianne O'Doherty
                                                          Attorney-in-Fact
HARTFORD LIFE INSURANCE COMPANY
      (Depositor)

*By:  Thomas M. Marra
-----------------------------------------
       Thomas M. Marra, President*

Pursuant to the requirements of the Securities Act of 1933, as amended, this
Registration Statement has been signed below by the following persons and in the
capacity and on the date indicated.

David T. Foy, Senior Vice President, Chief Financial
  Officer & Treasurer, Director *
Lynda Godkin, Senior Vice President,
  General Counsel & Corporate Secretary, Director*
Thomas M. Marra, President,                        *By:   /s/ Marianne O'Doherty
Director *                                                ----------------------
Lowndes A. Smith, Chief Executive Officer,                Marianne O'Doherty
  Director *                                              Attorney-In-Fact
David M. Znamierowski, Senior Vice President &      Dated: October 2, 2000
  Chief Investment Officer, Director*





<PAGE>



                                 EXHIBIT INDEX


(9)   Opinion and Consent of Lynda Godkin, Senior Vice President, General
      Counsel and Corporate Secretary.

(10   Consent of Arthur Andersen LLP, Independent Public Accountants.

(15)  Power of Attorney.

(16)  Organizational Chart.







© 2022 IncJournal is not affiliated with or endorsed by the U.S. Securities and Exchange Commission