<PAGE>
SUPPLEMENT DATED OCTOBER 26, 1995
TO PROSPECTUS DATED MAY 1, 1995
The following information supplements the Prospectus dated May 1, 1995 for
Travelers Fund BD for Variable Annuities.
Effective October 2, 1995, AIM CAPITAL APPRECIATION PORTFOLIO, a new series of
the Smith Barney/Travelers Series Fund, Inc., became available under Fund BD.
INVESTMENT OBJECTIVE AND POLICIES
- ---------------------------------
The investment objective of the AIM Capital Appreciation Portfolio is to seek
capital appreciation by investing principally in common stock, with emphasis on
medium-sized and smaller emerging growth companies. The portfolio's investment
adviser is Smith Barney Mutual Funds Management Inc., the sub-adviser is AIM
Capital Management, Inc.
FEE TABLE INFORMATION
- ---------------------
Management Fee 0.80%*
Other Expenses 0.20%**
-------
Total Fund Expenses 1.00%
EXAMPLE***
Assuming a 5% annual return on assets, a $1000 investment allocated to the AIM
Capital Appreciation Portfolio would be subject to the following expenses:
If the contract is If the contract is not surrendered or is
surrendered or if certain annuitized at the end of the period shown:
income options are
elected at the end of the
period shown:****
<TABLE>
<CAPTION>
STANDARD DEATH BENEFIT
<S> <C> <C> <C>
1 year: $ 83 1 year: $23
3 year: $130 3 year: $70
<CAPTION>
ENHANCED DEATH BENEFIT
<S> <C> <C> <C>
1 year: $ 86 1 year: $26
3 year: $139 3 year: $79
</TABLE>
* This amount is an annual charge, calculated as a percentage of the average
daily net assets of the portfolio, paid monthly.
** This amount is an estimate, since the portfolio commenced operations in
September, 1995.
*** The Example reflects the $30 Annual Contract Administrative Charge as an
annual charge of 0.075% of assets based on an anticipated average account
value of $40,000.
**** The Contingent Deferred Sales Charge is waived if an annuity payout has
begun or if an income option of at least five years' duration is begun
after the first Contract Year (see "Charges and Deductions - Contingent
Deferred Sales Charge," page 12).
L12544-A TIC Ed 10/95
