<PAGE>
[Hartford Life Logo]
Hartford Pathmaker Variable Annuity
Hartford Life & Annuity Insurance Company
1999
Annual Report
<PAGE>
SEPARATE ACCOUNT SIX
- --------------------------------------------------------------------------------
HARTFORD LIFE AND ANNUITY INSURANCE COMPANY
STATEMENTS OF ASSETS AND LIABILITIES
DECEMBER 31, 1999
<TABLE>
<CAPTION>
PUTNAM
PUTNAM GROWTH
GLOBAL GROWTH AND INCOME
SUB-ACCOUNT SUB-ACCOUNT
------------- -----------
<S> <C> <C>
ASSETS:
Investments:
Putnam VT Global
Growth Fund
Shares 58,363
Cost $978,520
Market Value....... $1,779,481 --
Putnam VT Growth and
Income Fund
Shares 152,685
Cost $4,203,492
Market Value....... -- $4,091,958
Putnam VT Global
Asset Allocation
Fund
Shares 102,690
Cost $1,506,670
Market Value....... -- --
Putnam VT Income Fund
Shares 107,882
Cost $1,401,981
Market Value....... -- --
Putnam VT New
Opportunities Fund
Shares 271,177
Cost $5,406,633
Market Value....... -- --
Putnam VT Money
Market Fund
Shares 2,446,311
Cost $2,446,311
Market Value....... -- --
Putnam VT Diversified
Income Fund
Shares 95,589
Cost $1,005,096
Market Value....... -- --
Putnam VT
International Growth
Fund
Shares 1,155,338
Cost $13,435,013
Market Value....... -- --
Due from Hartford Life
and Annuity Insurance
Company............... -- 4,844
Receivable for fund
shares sold........... 83 --
---------- ----------
Total Assets........... 1,779,564 4,096,802
---------- ----------
LIABILITIES:
Due to Hartford Life
and Annuity Insurance
Company............... 83 --
Payable for fund shares
purchased............. -- 4,844
---------- ----------
Total Liabilities...... 83 4,844
---------- ----------
Net Assets (variable
annuity contract
liabilities).......... $1,779,481 $4,091,958
========== ==========
</TABLE>
THE ACCOMPANYING NOTES ARE AN INTEGRAL PART OF THESE FINANCIAL STATEMENTS.
_______________________________________ 2 ______________________________________
<PAGE>
<TABLE>
<CAPTION>
PUTNAM PUTNAM PUTNAM PUTNAM PUTNAM
GLOBAL ASSET PUTNAM NEW MONEY DIVERSIFIED INTERNATIONAL
ALLOCATION INCOME OPPORTUNITIES MARKET INCOME GROWTH
SUB-ACCOUNT SUB-ACCOUNT SUB-ACCOUNT SUB-ACCOUNT SUB-ACCOUNT SUB-ACCOUNT
------------ ----------- ------------- ----------- ----------- -------------
<S> <C> <C> <C> <C> <C> <C>
ASSETS:
Investments:
Putnam VT Global
Growth Fund
Shares 58,363
Cost $978,520
Market Value....... -- -- -- -- -- --
Putnam VT Growth and
Income Fund
Shares 152,685
Cost $4,203,492
Market Value....... -- -- -- -- -- --
Putnam VT Global
Asset Allocation
Fund
Shares 102,690
Cost $1,506,670
Market Value....... $2,013,742 -- -- -- -- --
Putnam VT Income Fund
Shares 107,882
Cost $1,401,981
Market Value....... -- $1,350,688 -- -- -- --
Putnam VT New
Opportunities Fund
Shares 271,177
Cost $5,406,633
Market Value....... -- -- $11,807,028 -- -- --
Putnam VT Money
Market Fund
Shares 2,446,311
Cost $2,446,311
Market Value....... -- -- -- $2,446,311 -- --
Putnam VT Diversified
Income Fund
Shares 95,589
Cost $1,005,096
Market Value....... -- -- -- -- $949,201 --
Putnam VT
International Growth
Fund
Shares 1,155,338
Cost $13,435,013
Market Value....... -- -- -- -- -- $25,013,057
Due from Hartford Life
and Annuity Insurance
Company............... -- -- -- -- -- --
Receivable for fund
shares sold........... 77 52 11,296 126 36 32,728
---------- ---------- ----------- ---------- -------- -----------
Total Assets........... 2,013,819 1,350,740 11,818,324 2,446,437 949,237 25,045,785
---------- ---------- ----------- ---------- -------- -----------
LIABILITIES:
Due to Hartford Life
and Annuity Insurance
Company............... 76 52 11,298 -- 37 32,730
Payable for fund shares
purchased............. -- -- -- -- -- --
---------- ---------- ----------- ---------- -------- -----------
Total Liabilities...... 76 52 11,298 -- 37 32,730
---------- ---------- ----------- ---------- -------- -----------
Net Assets (variable
annuity contract
liabilities).......... $2,013,743 $1,350,688 $11,807,026 $2,446,437 $949,200 $25,013,055
========== ========== =========== ========== ======== ===========
</TABLE>
_______________________________________ 3 ______________________________________
<PAGE>
SEPARATE ACCOUNT SIX
- --------------------------------------------------------------------------------
HARTFORD LIFE AND ANNUITY INSURANCE COMPANY
STATEMENTS OF ASSETS AND LIABILITIES -- (CONTINUED)
DECEMBER 31, 1999
<TABLE>
<CAPTION>
ONE GROUP
INVESTMENT TRUST
BOND
SUB-ACCOUNT
----------------
<S> <C>
ASSETS:
Investments:
One Group Investment
Trust Bond Portfolio
Shares 6,157,795
Cost $63,666,463
Market Value....... $61,454,794
One Group Investment
Trust Diversified
Equity Portfolio
Shares 3,610,027
Cost $55,398,533
Market Value....... --
One Group Investment
Trust Mid Cap
Portfolio
Shares 1,215,616
Cost $16,124,914
Market Value....... --
One Group Investment
Trust Large Cap
Growth Portfolio
Shares 1,067,080
Cost $18,023,031
Market Value....... --
One Group Investment
Trust Mid Cap Value
Portfolio
Shares 2,262,042
Cost $24,574,390
Market Value....... --
Due from Hartford Life
and Annuity Insurance
Company............... --
Receivable for fund
shares sold........... 79,583
-----------
Total Assets........... 61,534,377
-----------
LIABILITIES:
Due to Hartford Life
and Annuity Insurance
Company............... 80,118
Payable for fund shares
purchased............. --
-----------
Total Liabilities...... 80,118
-----------
Net Assets (variable
annuity contract
liabilities).......... $61,454,259
===========
</TABLE>
THE ACCOMPANYING NOTES ARE AN INTEGRAL PART OF THESE FINANCIAL STATEMENTS.
_______________________________________ 4 ______________________________________
<PAGE>
<TABLE>
<CAPTION>
ONE GROUP ONE GROUP ONE GROUP
ONE GROUP INVESTMENT TRUST INVESTMENT TRUST INVESTMENT TRUST
INVESTMENT TRUST DIVERSIFIED LARGE CAP MID CAP
DIVERSIFIED EQUITY MID CAP GROWTH VALUE
SUB-ACCOUNT SUB-ACCOUNT SUB-ACCOUNT SUB-ACCOUNT
------------------ ---------------- ---------------- ----------------
<S> <C> <C> <C> <C>
ASSETS:
Investments:
One Group Investment
Trust Bond Portfolio
Shares 6,157,795
Cost $63,666,463
Market Value....... -- -- --
One Group Investment
Trust Diversified
Equity Portfolio
Shares 3,610,027
Cost $55,398,533
Market Value....... $63,428,180 -- -- --
One Group Investment
Trust Mid Cap
Portfolio
Shares 1,215,616
Cost $16,124,914
Market Value....... -- $18,453,046 -- --
One Group Investment
Trust Large Cap
Growth Portfolio
Shares 1,067,080
Cost $18,023,031
Market Value....... -- -- $28,341,649 --
One Group Investment
Trust Mid Cap Value
Portfolio
Shares 2,262,042
Cost $24,574,390
Market Value....... -- -- -- $23,502,621
Due from Hartford Life
and Annuity Insurance
Company............... -- -- -- --
Receivable for fund
shares sold........... 92,192 21,496 34,879 32,284
----------- ----------- ----------- -----------
Total Assets........... 63,520,372 18,474,542 28,376,528 23,534,905
----------- ----------- ----------- -----------
LIABILITIES:
Due to Hartford Life
and Annuity Insurance
Company............... 82,044 21,492 31,008 32,289
Payable for fund shares
purchased............. -- -- -- --
----------- ----------- ----------- -----------
Total Liabilities...... 82,044 21,492 31,008 32,289
----------- ----------- ----------- -----------
Net Assets (variable
annuity contract
liabilities).......... $63,438,328 $18,453,050 $28,345,520 $23,502,616
=========== =========== =========== ===========
</TABLE>
_______________________________________ 5 ______________________________________
<PAGE>
SEPARATE ACCOUNT SIX
- --------------------------------------------------------------------------------
HARTFORD LIFE AND ANNUITY INSURANCE COMPANY
STATEMENTS OF ASSETS AND LIABILITIES -- (CONTINUED)
DECEMEMBER 31, 1999
<TABLE>
<CAPTION>
UNITS
OWNED BY UNIT CONTRACT
PARTICIPANTS PRICE LIABILITY
------------- ---------- ------------
<S> <C> <C> <C>
DEFERRED ANNUITY CONTRACTS IN THE
ACCUMULATION PERIOD:
Putnam VT Global Growth Fund..... 55,734 $31.928296 $ 1,779,481
Putnam VT Growth and Income
Fund............................ 308,369 13.262071 4,089,610
Putnam VT Global Asset Allocation
Fund............................ 103,542 19.423564 2,011,152
Putnam VT Income Fund............ 106,790 12.648066 1,350,688
Putnam VT New Opportunities
Fund............................ 452,194 26.094337 11,799,697
Putnam VT Money Market Fund...... 2,223,809 1.100111 2,446,437
Putnam VT Diversified Income
Fund............................ 76,542 12.401034 949,200
Putnam VT International Growth
Fund............................ 1,230,231 20.308624 24,984,299
One Group Investment Trust Bond
Portfolio....................... 5,503,251 11.160398 61,418,471
One Group Investment Trust
Diversified Equity Portfolio.... 3,082,782 20.562599 63,390,018
One Group Investment Trust
Diversified Mid Cap Portfolio... 971,492 18.982582 18,441,433
One Group Investment Trust Large
Cap Growth Portfolio............ 1,012,583 27.966253 28,318,143
One Group Investment Trust Mid
Cap Value Portfolio............. 2,196,338 10.694248 23,488,181
------------
SUB-TOTAL........................ 244,466,810
------------
ANNUITY CONTRACTS IN THE ANNUITY
PERIOD:
Putnam VT Growth and Income
Fund............................ 177 13.262071 2,348
Putnam VT Global Asset Allocation
Fund............................ 133 19.423564 2,591
Putnam VT New Opportunities
Fund............................ 281 26.094337 7,329
Putnam VT International Growth
Fund............................ 1,416 20.308624 28,756
One Group Investment Trust Bond
Portfolio....................... 3207 11.160398 35,788
One Group Investment Trust
Diversified Equity Portfolio.... 2,349 20.562599 48,310
One Group Investment Trust
Diversified Mid Cap Portfolio... 612 18.982582 11,617
One Group Investment Trust Large
Cap Growth Portfolio............ 979 27.966253 27,377
One Group Investment Trust Mid
Cap Value Portfolio............. 1350 10.694248 14,435
------------
SUB-TOTAL........................ 178,551
------------
GRAND TOTAL:....................... $244,645,361
============
</TABLE>
THE ACCOMPANYING NOTES ARE AN INTEGRAL PART OF THESE FINANCIAL STATEMENTS.
_______________________________________ 6 ______________________________________
<PAGE>
[This page intentionally left blank]
<PAGE>
SEPARATE ACCOUNT SIX
- --------------------------------------------------------------------------------
HARTFORD LIFE AND ANNUITY INSURANCE COMPANY
STATEMENTS OF OPERATIONS
FOR THE YEAR ENDED DECEMBER 31, 1999
<TABLE>
<CAPTION>
PUTNAM
GLOBAL GROWTH
SUB-ACCOUNT
-------------
<S> <C>
INVESTMENT INCOME:
Dividends.............. $ 4,510
EXPENSES:
Mortality and expense
undertakings.......... (14,752)
--------
Net investment (loss)
income.............. (10,242)
--------
CAPITAL GAINS INCOME..... 93,915
--------
NET REALIZED AND
UNREALIZED GAIN (LOSS)
ON INVESTMENTS:
Net realized gain
(loss) on security
transactions.......... 6,480
Net unrealized
appreciation
(depreciation) of
investments during the
period................ 579,859
--------
Net gain (loss) on
investments......... 586,339
--------
Net increase
(decrease) in net
assets resulting
from operations..... $670,012
========
</TABLE>
* Formerly Putnam U.S. Government and High Quality Bond Sub-Account. Change
effective on April 9, 1999.
THE ACCOMPANYING NOTES ARE AN INTEGRAL PART OF THESE FINANCIAL STATEMENTS.
_______________________________________ 8 ______________________________________
<PAGE>
<TABLE>
<CAPTION>
PUTNAM PUTNAM PUTNAM PUTNAM PUTNAM PUTNAM
GROWTH GLOBAL ASSET PUTNAM NEW MONEY DIVERSIFIED INTERNATIONAL
AND INCOME ALLOCATION INCOME OPPORTUNITIES MARKET INCOME GROWTH
SUB-ACCOUNT SUB-ACCOUNT SUB-ACCOUNT * SUB-ACCOUNT SUB-ACCOUNT SUB-ACCOUNT SUB-ACCOUNT
----------- ------------ ------------- ------------- ----------- ----------- -------------
<S> <C> <C> <C> <C> <C> <C> <C>
INVESTMENT INCOME:
Dividends.............. $ 41,815 $ 38,938 $ 68,431 $ -- $ 92,724 $ 73,752 $ --
EXPENSES:
Mortality and expense
undertakings.......... (43,722) (24,100) (16,437) (118,806) (24,375) (12,476) (287,999)
--------- -------- --------- ---------- -------- -------- -----------
Net investment (loss)
income.............. (1,907) 14,838 51,994 (118,806) 68,349 61,276 (287,999)
--------- -------- --------- ---------- -------- -------- -----------
CAPITAL GAINS INCOME..... 208,666 109,253 20,416 114,741 -- -- --
--------- -------- --------- ---------- -------- -------- -----------
NET REALIZED AND
UNREALIZED GAIN (LOSS)
ON INVESTMENTS:
Net realized gain
(loss) on security
transactions.......... (2,649) 6,175 (1,066) 996,977 -- (7,289) 2,343,734
Net unrealized
appreciation
(depreciation) of
investments during the
period................ (248,252) 64,903 (115,946) 4,543,031 -- (51,503) 9,012,331
--------- -------- --------- ---------- -------- -------- -----------
Net gain (loss) on
investments......... (250,901) 71,078 (117,012) 5,540,008 -- (58,792) 11,356,065
--------- -------- --------- ---------- -------- -------- -----------
Net increase
(decrease) in net
assets resulting
from operations..... $ (44,142) $195,169 $ (44,602) $5,535,943 $ 68,349 $ 2,484 $11,068,066
========= ======== ========= ========== ======== ======== ===========
</TABLE>
* Formerly Putnam U.S. Government and High Quality Bond Sub-Account. Change
effective on April 9, 1999.
_______________________________________ 9 ______________________________________
<PAGE>
SEPARATE ACCOUNT SIX
- --------------------------------------------------------------------------------
HARTFORD LIFE AND ANNUITY INSURANCE COMPANY
STATEMENTS OF OPERATIONS -- (CONTINUED)
FOR THE YEAR ENDED DECEMBER 31, 1999
<TABLE>
<CAPTION>
ONE GROUP
INVESTMENT TRUST
BOND
SUB-ACCOUNT**
----------------
<S> <C>
INVESTMENT INCOME:
Dividends.............. $ 3,432,756
EXPENSES:
Mortality and expense
undertakings.......... (743,137)
-----------
Net investment income
(loss).............. 2,689,619
-----------
CAPITAL GAINS INCOME..... --
-----------
NET REALIZED AND
UNREALIZED GAIN (LOSS)
ON INVESTMENTS:
Net realized (loss)
gain on security
transactions.......... (18,051)
Net unrealized
appreciation
(depreciation) of
investments during the
period................ (4,262,648)
-----------
Net (loss) gain on
investments......... (4,280,699)
-----------
Net (decrease)
increase in net
assets resulting
from operations..... $(1,591,080)
===========
</TABLE>
** Formerly Pegasus Bond Fund Sub-Account, Pegasus Growth & Value Fund
Sub-Account, Pegasus Mid-Cap Opportunity Fund Sub-Account, Pegasus Growth
Fund Sub-Account, and Pegasus Intrinsic Value Fund Sub-Account, respectively.
Change effective on May 1, 1999.
THE ACCOMPANYING NOTES ARE AN INTEGRAL PART OF THESE FINANCIAL STATEMENTS.
______________________________________ 10 ______________________________________
<PAGE>
<TABLE>
<CAPTION>
ONE GROUP ONE GROUP ONE GROUP
ONE GROUP INVESTMENT TRUST INVESTMENT TRUST INVESTMENT TRUST
INVESTMENT TRUST DIVERSIFIED LARGE CAP MID CAP
DIVERSIFIED EQUITY MID CAP GROWTH VALUE
SUB-ACCOUNT** SUB-ACCOUNT** SUB-ACCOUNT** SUB-ACCOUNT**
------------------ ---------------- ---------------- ----------------
<S> <C> <C> <C> <C>
INVESTMENT INCOME:
Dividends.............. $ 325,763 $ 27,333 $ 34,528 $ 240,197
EXPENSES:
Mortality and expense
undertakings.......... (753,532) (213,881) (323,739) (274,716)
---------- ---------- ---------- ---------
Net investment income
(loss).............. (427,769) (186,548) (289,211) (34,519)
---------- ---------- ---------- ---------
CAPITAL GAINS INCOME..... 5,744,140 1,240,250 4,807,777 --
---------- ---------- ---------- ---------
NET REALIZED AND
UNREALIZED GAIN (LOSS)
ON INVESTMENTS:
Net realized (loss)
gain on security
transactions.......... 148,991 225,565 369,717 136,211
Net unrealized
appreciation
(depreciation) of
investments during the
period................ (816,410) 352,236 920,641 (552,866)
---------- ---------- ---------- ---------
Net (loss) gain on
investments......... (667,419) 577,801 1,290,358 (416,655)
---------- ---------- ---------- ---------
Net (decrease)
increase in net
assets resulting
from operations..... $4,648,952 $1,631,503 $5,808,924 $(451,174)
========== ========== ========== =========
</TABLE>
** Formerly Pegasus Bond Fund Sub-Account, Pegasus Growth & Value Fund
Sub-Account, Pegasus Mid-Cap Opportunity Fund Sub-Account, Pegasus Growth
Fund Sub-Account, and Pegasus Intrinsic Value Fund Sub-Account, respectively.
Change effective on May 1, 1999.
______________________________________ 11 ______________________________________
<PAGE>
SEPARATE ACCOUNT SIX
- --------------------------------------------------------------------------------
HARTFORD LIFE AND ANNUITY INSURANCE COMPANY
STATEMENTS OF CHANGES IN NET ASSETS
FOR THE YEAR ENDED DECEMBER 31, 1999
<TABLE>
<CAPTION>
PUTNAM
PUTNAM GROWTH
GLOBAL GROWTH AND INCOME
SUB-ACCOUNT SUB-ACCOUNT
------------- -----------
<S> <C> <C>
OPERATIONS:
Net investment (loss)
income................ $ (10,242) $ (1,907)
Capital gains income... 93,915 208,666
Net realized gain
(loss) on security
transactions.......... 6,480 (2,649)
Net unrealized
appreciation
(depreciation) of
investments during the
period................ 579,859 (248,252)
---------- ----------
Net increase (decrease)
in net assets
resulting from
operations............ 670,012 (44,142)
---------- ----------
UNIT TRANSACTIONS:
Purchases.............. 4,626 145,483
Net transfers.......... 89,406 1,497,903
Surrenders for benefit
payments and fees..... (61,383) (186,705)
Net annuity
transactions.......... -- (374)
---------- ----------
Net increase (decrease)
in net assets
resulting from unit
transactions.......... 32,649 1,456,307
---------- ----------
Total increase
(decrease) in net
assets................ 702,661 1,412,165
NET ASSETS:
Beginning of Year...... 1,076,820 2,679,793
---------- ----------
End of Year............ $1,779,481 $4,091,958
========== ==========
</TABLE>
* Formerly Putnam U.S. Government and High Quality Bond Sub-Account. Change
effective on April 9, 1999.
FOR THE YEAR ENDED DECEMBER 31, 1998
<TABLE>
<CAPTION>
PUTNAM
PUTNAM GROWTH
GLOBAL GROWTH AND INCOME
SUB-ACCOUNT SUB-ACCOUNT
------------- -----------
<S> <C> <C>
OPERATIONS:
Net investment income
(loss)................ $ 9,537 $ 218
Capital gains income... 111,701 185,466
Net realized gain
(loss) on security
transactions.......... 291 (452)
Net unrealized
appreciation
(depreciation) of
investments during the
period................ 102,969 66,310
---------- ----------
Net increase (decrease)
in net assets
resulting from
operations............ 224,498 251,542
---------- ----------
UNIT TRANSACTIONS:
Purchases.............. 46,437 793,410
Net transfers.......... 78,461 442,997
Surrenders for benefit
payments and fees..... (31,351) (83,110)
Net annuity
transactions.......... -- 2,449
---------- ----------
Net increase (decrease)
in net assets
resulting from unit
transactions.......... 93,547 1,155,746
---------- ----------
Total increase
(decrease) in net
assets................ 318,045 1,407,288
NET ASSETS:
Beginning of Year...... 758,775 1,272,505
---------- ----------
End of Year............ $1,076,820 $2,679,793
========== ==========
</TABLE>
THE ACCOMPANYING NOTES ARE AN INTEGRAL PART OF THESE FINANCIAL STATEMENTS.
______________________________________ 12 ______________________________________
<PAGE>
<TABLE>
<CAPTION>
PUTNAM PUTNAM PUTNAM PUTNAM PUTNAM
GLOBAL ASSET PUTNAM NEW MONEY DIVERSIFIED INTERNATIONAL
ALLOCATION INCOME OPPORTUNITIES MARKET INCOME GROWTH
SUB-ACCOUNT SUB-ACCOUNT * SUB-ACCOUNT SUB-ACCOUNT SUB-ACCOUNT SUB-ACCOUNT
------------ ------------- ------------- ----------- ----------- -------------
<S> <C> <C> <C> <C> <C> <C>
OPERATIONS:
Net investment (loss)
income................ $ 14,838 $ 51,994 $ (118,806) $ 68,349 $ 61,276 $ (287,999)
Capital gains income... 109,253 20,416 114,741 -- -- --
Net realized gain
(loss) on security
transactions.......... 6,175 (1,066) 996,977 -- (7,289) 2,343,734
Net unrealized
appreciation
(depreciation) of
investments during the
period................ 64,903 (115,946) 4,543,031 -- (51,503) 9,012,331
---------- ---------- ----------- ---------- --------- -----------
Net increase (decrease)
in net assets
resulting from
operations............ 195,169 (44,602) 5,535,943 68,349 2,484 11,068,066
---------- ---------- ----------- ---------- --------- -----------
UNIT TRANSACTIONS:
Purchases.............. 33,517 16,795 202,431 192,372 10,402 443,861
Net transfers.......... (154,589) 257,986 (1,493,996) 1,163,173 130,929 (5,744,538)
Surrenders for benefit
payments and fees..... (110,974) (93,102) (748,227) (647,370) (109,661) (1,834,582)
Net annuity
transactions.......... 2,398 -- (525) -- -- (2,512)
---------- ---------- ----------- ---------- --------- -----------
Net increase (decrease)
in net assets
resulting from unit
transactions.......... (229,648) 181,679 (2,040,317) 708,175 31,670 (7,137,771)
---------- ---------- ----------- ---------- --------- -----------
Total increase
(decrease) in net
assets................ (34,479) 137,077 3,495,626 776,524 34,154 3,930,295
NET ASSETS:
Beginning of Year...... 2,048,222 1,213,611 8,311,400 1,669,913 915,046 21,082,760
---------- ---------- ----------- ---------- --------- -----------
End of Year............ $2,013,743 $1,350,688 $11,807,026 $2,446,437 $949,200 $25,013,055
========== ========== =========== ========== ========= ===========
</TABLE>
* Formerly Putnam U.S. Government and High Quality Bond Sub-Account. Change
effective on April 9, 1999.
<TABLE>
<CAPTION>
PUTNAM PUTNAM PUTNAM PUTNAM PUTNAM
GLOBAL ASSET PUTNAM NEW MONEY DIVERSIFIED INTERNATIONAL
ALLOCATION INCOME OPPORTUNITIES MARKET INCOME GROWTH
SUB-ACCOUNT SUB-ACCOUNT * SUB-ACCOUNT SUB-ACCOUNT SUB-ACCOUNT SUB-ACCOUNT
------------ ------------- ------------- ----------- ----------- -------------
<S> <C> <C> <C> <C> <C> <C>
OPERATIONS:
Net investment income
(loss)................ $ 14,578 $ 27,895 $ (89,174) $ 37,623 $ 25,963 $ (171,930)
Capital gains income... 177,309 1,038 75,909 -- 16,707 --
Net realized gain
(loss) on security
transactions.......... (2,963) 698 110,479 -- (3,176) 265,348
Net unrealized
appreciation
(depreciation) of
investments during the
period................ 24,984 25,250 1,399,894 -- (70,486) 2,795,996
---------- ---------- ---------- ---------- -------- -----------
Net increase (decrease)
in net assets
resulting from
operations............ 213,908 54,881 1,497,108 37,623 (30,992) 2,889,414
---------- ---------- ---------- ---------- -------- -----------
UNIT TRANSACTIONS:
Purchases.............. 32,458 190,099 2,065,296 31,059 104,583 4,248,398
Net transfers.......... 67,284 375,196 294,750 1,049,744 80,334 1,667,912
Surrenders for benefit
payments and fees..... (69,394) (109,112) (301,272) (219,528) (55,847) (829,696)
Net annuity
transactions.......... -- -- 4,138 -- -- 17,813
---------- ---------- ---------- ---------- -------- -----------
Net increase (decrease)
in net assets
resulting from unit
transactions.......... 30,348 456,183 2,062,912 861,275 129,070 5,104,427
---------- ---------- ---------- ---------- -------- -----------
Total increase
(decrease) in net
assets................ 244,256 511,064 3,560,020 898,898 98,078 7,993,841
NET ASSETS:
Beginning of Year...... 1,803,966 702,547 4,751,380 771,015 816,968 13,088,919
---------- ---------- ---------- ---------- -------- -----------
End of Year............ $2,048,222 $1,213,611 $8,311,400 $1,669,913 $915,046 $21,082,760
========== ========== ========== ========== ======== ===========
</TABLE>
______________________________________ 13 ______________________________________
<PAGE>
SEPARATE ACCOUNT SIX
- --------------------------------------------------------------------------------
HARTFORD LIFE AND ANNUITY INSURANCE COMPANY
STATEMENTS OF CHANGES IN NET ASSETS -- (CONTINUED)
FOR THE YEAR ENDED DECEMBER 31, 1999
<TABLE>
<CAPTION>
ONE GROUP ONE GROUP
INVESTMENT TRUST INVESTMENT TRUST
BOND DIVERSIFIED EQUITY
SUB-ACCOUNT** SUB-ACCOUNT**
---------------- ------------------
<S> <C> <C>
OPERATIONS:
Net investment income
(loss)................ $ 2,689,619 $ (427,769)
Capital gains income... -- 5,744,140
Net realized (loss)
gain on security
transactions.......... (18,051) 148,991
Net unrealized
(depreciation)
appreciation of
investments during the
period................ (4,262,648) (816,410)
----------- -----------
Net (decrease) increase
in net assets
resulting from
operations............ (1,591,080) 4,648,952
----------- -----------
UNIT TRANSACTIONS:
Purchases.............. 959,882 1,197,812
Net transfers.......... 8,525,105 3,883,533
Surrenders for benefit
payments and fees..... (5,018,069) (4,856,376)
Net annuity
transactions.......... (2,587) (5,180)
----------- -----------
Net increase (decrease)
in net assets
resulting from unit
transactions.......... 4,464,331 219,789
----------- -----------
Total increase in net
assets................ 2,873,251 4,868,741
NET ASSETS:
Beginning of Year...... 58,581,008 58,569,587
----------- -----------
End of Year............ $61,454,259 $63,438,328
=========== ===========
</TABLE>
** Formerly Pegasus Bond Fund Sub-Account, Pegasus Growth & Value Fund
Sub-Account, Pegasus Mid-Cap Opportunity Fund
Sub-Account, Pegasus Growth Fund Sub-Account, and Pegasus Intrinsic Value
Fund Sub-Account, respectively. Change effective on May 1, 1999.
FOR THE YEAR ENDED DECEMBER 31, 1998
<TABLE>
<CAPTION>
ONE GROUP ONE GROUP
INVESTMENT TRUST INVESTMENT TRUST
BOND DIVERSIFIED EQUITY
SUB-ACCOUNT** SUB-ACCOUNT**
---------------- ------------------
<S> <C> <C>
OPERATIONS:
Net investment income
(loss)................ $ 1,844,611 $ (329,290)
Capital gains income... 54,563 1,305,090
Net realized gain
(loss) on security
transactions.......... 75,140 13,890
Net unrealized
appreciation
(depreciation) of
investments during the
period................ 1,274,499 4,446,694
----------- -----------
Net increase (decrease)
in net assets
resulting from
operations............ 3,248,813 5,436,384
----------- -----------
UNIT TRANSACTIONS:
Purchases.............. 13,411,848 11,774,494
Net transfers.......... 12,556,284 5,997,435
Surrenders for benefit
payments and fees..... (2,742,073) (2,489,809)
Net annuity
transactions.......... 37,197 46,105
----------- -----------
Net increase in net
assets resulting from
unit transactions..... 23,263,256 15,328,225
----------- -----------
Total increase in net
assets................ 26,512,069 20,764,609
NET ASSETS:
Beginning of Year...... 32,068,939 37,804,978
----------- -----------
End of Year............ $58,581,008 $58,569,587
=========== ===========
</TABLE>
THE ACCOMPANYING NOTES ARE AN INTEGRAL PART OF THESE FINANCIAL STATEMENTS.
______________________________________ 14 ______________________________________
<PAGE>
<TABLE>
<CAPTION>
ONE GROUP ONE GROUP ONE GROUP
INVESTMENT TRUST INVESTMENT TRUST INVESTMENT TRUST
DIVERSIFIED LARGE CAP MID CAP
MID CAP GROWTH VALUE
SUB-ACCOUNT** SUB-ACCOUNT** SUB-ACCOUNT**
---------------- ---------------- ----------------
<S> <C> <C> <C>
OPERATIONS:
Net investment income
(loss)................ $ (186,548) $ (289,211) $ (34,519)
Capital gains income... 1,240,250 4,807,777 --
Net realized (loss)
gain on security
transactions.......... 225,565 369,717 136,211
Net unrealized
(depreciation)
appreciation of
investments during the
period................ 352,236 920,641 (552,866)
----------- ----------- -----------
Net (decrease) increase
in net assets
resulting from
operations............ 1,631,503 5,808,924 (451,174)
----------- ----------- -----------
UNIT TRANSACTIONS:
Purchases.............. 319,684 514,206 431,923
Net transfers.......... 600,376 (25,110) 3,318,798
Surrenders for benefit
payments and fees..... (1,342,898) (1,945,281) (1,738,123)
Net annuity
transactions.......... (1,199) (2,916) (1,532)
----------- ----------- -----------
Net increase (decrease)
in net assets
resulting from unit
transactions.......... (424,037) (1,459,101) 2,011,066
----------- ----------- -----------
Total increase in net
assets................ 1,207,466 4,349,823 1,559,892
NET ASSETS:
Beginning of Year...... 17,245,584 23,995,697 21,942,724
----------- ----------- -----------
End of Year............ $18,453,050 $28,345,520 $23,502,616
=========== =========== ===========
</TABLE>
<TABLE>
<CAPTION>
ONE GROUP ONE GROUP ONE GROUP
INVESTMENT TRUST INVESTMENT TRUST INVESTMENT TRUST
DIVERSIFIED LARGE CAP MID CAP
MID CAP GROWTH VALUE
SUB-ACCOUNT** SUB-ACCOUNT** SUB-ACCOUNT**
---------------- ---------------- ----------------
<S> <C> <C> <C>
OPERATIONS:
Net investment income
(loss)................ $ (193,150) $ (273,885) $ 91,019
Capital gains income... 336,801 42,400 433,762
Net realized gain
(loss) on security
transactions.......... 5,967 476,908 (822)
Net unrealized
appreciation
(depreciation) of
investments during the
period................ 464,536 6,521,570 (1,469,803)
----------- ----------- -----------
Net increase (decrease)
in net assets
resulting from
operations............ 614,154 6,766,993 (945,844)
----------- ----------- -----------
UNIT TRANSACTIONS:
Purchases.............. 3,563,145 4,753,176 4,542,105
Net transfers.......... 2,904,407 (1,623,013) 5,818,595
Surrenders for benefit
payments and fees..... (644,796) (918,207) (832,038)
Net annuity
transactions.......... 12,144 19,094 17,963
----------- ----------- -----------
Net increase in net
assets resulting from
unit transactions..... 5,834,900 2,231,050 9,546,625
----------- ----------- -----------
Total increase in net
assets................ 6,449,054 8,998,043 8,600,781
NET ASSETS:
Beginning of Year...... 10,796,530 14,997,654 13,341,943
----------- ----------- -----------
End of Year............ $17,245,584 $23,995,697 $21,942,724
=========== =========== ===========
</TABLE>
______________________________________ 15 ______________________________________
<PAGE>
SEPARATE ACCOUNT SIX
- --------------------------------------------------------------------------------
HARTFORD LIFE AND ANNUITY INSURANCE COMPANY
NOTES TO FINANCIAL STATEMENTS
DECEMBER 31, 1999
1. ORGANIZATION:
Separate Account Six (the Account) is a separate investment account within
Hartford Life & Annuity Insurance Company (the Company) and is registered
with the Securities and Exchange Commission (SEC) as a unit investment trust
under the Investment Company Act of 1940, as amended. Both the Company and
the Account are subject to supervision and regulation by the Department of
Insurance of the State of Connecticut and the SEC. The Account invests
deposits by variable annuity contractowners of the Company in various mutual
funds (the Funds) as directed by the contractowners.
2. SIGNIFICANT ACCOUNTING POLICIES:
The following is a summary of significant accounting policies of the
Account, which are in accordance with generally accepted accounting
principles in the investment company industry:
a) SECURITY TRANSACTIONS--Security transactions are recorded on the trade
date (date the order to buy or sell is executed). Realized gains and
losses on the sales of securities are computed on the basis of identified
cost of the fund shares sold. Dividend and capital gains income is
accrued as of the ex-dividend date. Capital gains income represents
dividends from the Funds which are characterized as capital gains under
tax regulations.
b) SECURITY VALUATION--The investments in shares of the Funds are valued at
the closing net asset value per share as determined by the appropriate
Fund as of December 31, 1999.
c) UNIT TRANSACTIONS--Unit transactions are executed based on the unit
values calculated at the close of the business day.
d) FEDERAL INCOME TAXES--The operations of the Account form a part of, and
are taxed with, the total operations of the Company, which is taxed as an
insurance company under the Internal Revenue Code. Under current law, no
federal income taxes are payable with respect to the operations of the
Account.
e) USE OF ESTIMATES--The preparation of financial statements in conformity
with generally accepted accounting principles requires management to make
estimates and assumptions that affect the reported amounts of assets and
liabilities as of the date of the financial statements and the reported
amounts of income and expenses during the period. Operating results in
the future could vary from the amounts derived from management's
estimates.
3. ASSET TRANSFER:
On May 1, 1999, the shares of Pegasus Bond Fund Sub-Account, Pegasus
Growth & Value Fund Sub-Account, Pegasus Mid-Cap Opportunity Fund Sub-
Account, Pegasus Growth Fund Sub-Account, and Pegasus Intrinsic Value Fund
Sub-Account were exchanged for shares of One Group Investment Trust Bond
Sub-Account, One Group Investment Trust Diversified Equity Sub-Account, One
Group Investment Trust Diversified Mid Cap Sub-Account, One Group Investment
Trust Large Cap Growth Sub-Account, and One Group Investment Trust Mid Cap
Value Sub-Account, respectively. As the exchange was dollar-for-dollar, no
gains or losses were recognized by the Account.
4. ADMINISTRATION OF THE ACCOUNT AND RELATED CHARGES:
a) MORTALITY AND EXPENSE UNDERTAKINGS--The Company, as issuer of variable
annuity contracts, provides the mortality and expense undertakings and,
with respect to the Account, receives a maximum annual fee of up to 1.25%
of the Account's average daily net assets. The Company also provides
administrative services and receives an annual fee of 0.15% of the
Account's average daily net assets.
b) DEDUCTION OF ANNUAL MAINTENANCE FEE--Annual maintenance fees are deducted
through termination of units of interest from applicable contract owners'
accounts, in accordance with the terms of the contracts. These charges
are reflected in surrenders for benefit payments and fees on the
accompanying statements of changes in net assets.
______________________________________ 16 ______________________________________
<PAGE>
REPORT OF INDEPENDENT PUBLIC ACCOUNTANTS
- --------------------------------------------------------------------------------
TO HARTFORD LIFE AND ANNUITY INSURANCE COMPANY
SEPARATE ACCOUNT SIX AND TO THE
OWNERS OF UNITS OF INTEREST THEREIN:
We have audited the accompanying statements of assets and liabilities of
Hartford Life and Annuity Insurance Company Separate Account Six (Putnam Global
Growth, Putnam Growth and Income, Putnam Global Asset Allocation, Putnam Income,
Putnam New Opportunities, Putnam Money Market, Putnam Diversified Income, Putnam
International Growth, One Group Investment Trust Bond, One Group Investment
Trust Diversified Equity, One Group Investment Trust Diversified Mid Cap, One
Group Investment Trust Large Cap Growth, and One Group Investment Trust Mid Cap
Value sub-accounts), (collectively, the Account) as of December 31, 1999, and
the related statements of operations and the statements of changes in net assets
for the periods presented. These financial statements are the responsibility of
the Account's management. Our responsibility is to express an opinion on these
financial statements based on our audits.
We conducted our audits in accordance with generally accepted auditing
standards. Those standards require that we plan and perform the audit to obtain
reasonable assurance about whether the financial statements are free of material
misstatement. An audit includes examining, on a test basis, evidence supporting
the amounts and disclosures in the financial statements. An audit also includes
assessing the accounting principles used and significant estimates made by
management, as well as evaluating the overall financial statement presentation.
We believe that our audits provide a reasonable basis for our opinion.
In our opinion, the financial statements referred to above present fairly, in
all material respects, the financial position of the Account as of December 31,
1999, and the results of its operations and the changes in its net assets for
the periods presented in conformity with generally accepted accounting
principles.
Hartford, Connecticut
February 17, 2000 ARTHUR ANDERSEN LLP
______________________________________ 17 ______________________________________
<PAGE>
Hartford Life Insurance Companies BULK RATE
P.O. Box 2999 U.S. POSTAGE
Hartford, CT 06104-2999 PAID
PERMIT #20
HOLLISTON, MA 01746
HV-2235-1
Printed in U.S.A. [Registered Trademark] 2000 The Hartford, Hartford, CT 06115
