<PAGE>
STAG LAST SURVIVOR
ITT HARTFORD LIFE AND ANNUITY INSURANCE COMPANY
SUPPLEMENT DATED JANUARY 6, 1997 TO THE
FLEXIBLE PREMIUM VARIABLE LIFE INSURANCE POLICIES
WITH RESPECT TO THE STAG LAST SURVIVOR PROSPECTUS DATED MAY 1, 1996
The subsection of the Prospectus entitled "Policy Loans--Credited Interest" is
amended as follows:
Loan Accounts, other than Preferred Loans described in the subsection
entitled "Policy Loans-- Preferred Loans" will be credited with interest
in the following manner. During the first ten Policy Years, any amounts
in the Loan Account will be credited with interest at a rate of 2%. For
Policy Years eleven and beyond, the Loan Account will be credited with
interest at a rate of 3%.
The subsection of the Prospectus entitled "Policy Loans--Preferred Loans" is
amended as follows:
If, any time after the tenth Policy Anniversary, the Account Value
exceeds the total of all premiums paid since issue, a Preferred Loan is
available. The amount available for a Preferred Loan is the amount by
which the Account Value exceeds total premiums paid. For Policy Years
eleven and beyond, the amount of the Loan Account which equals a
Preferred Loan will be credited with interest at a rate equal to 4%. The
amount of the indebtedness that qualifies as a Preferred Loan is
determined on each Monthly Activity Date.
HV-2110
33-89988
