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000 B000000 12/31/97
000 C000000 0000099440
000 D000000 N
000 E000000 NF
000 F000000 Y
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000 J000000 A
001 A000000 THE TRAVELERS QUALITY BOND ACCOUNT
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002 A000000 ONE TOWER SQUARE
002 B000000 HARTFORD
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008 B000001 A
008 C000001 801-17003
008 D010001 HARTFORD
008 D020001 CT
008 D030001 06183
010 A000001 THE TRAVELERS INSURANCE COMPANY
010 B000001 8-13516
010 C010001 HARTFORD
010 C020001 CT
010 C030001 06183
011 A000001 TOWER SQUARE SECURITIES, INC.
011 B000001 8-13752
011 C010001 HARTFORD
011 C020001 CT
011 C030001 06183
013 A000001 COOPERS & LYBRAND L.L.P.
013 B010001 HARTFORD
013 B020001 CT
<PAGE> PAGE 2
013 B030001 06103
014 A000001 PFS DISTRIBUTORS, INC.
014 B000001 8-37352
014 A000002 PFS INVESTMENTS INC.
014 B000002 8-26486
014 A000003 THE ROBINSON-HUMPHREY COMPANY, INC.
014 B000003 8-27190
014 A000004 THE TRAVELERS INSURANCE COMPANY
014 B000004 8-13516
014 A000005 TOWER SQUARE SECURITIES, INC.
014 B000005 8-13752
014 A000006 COPELAND EQUITIES, INC.
014 B000006 8-21009
014 A000007 SMITH BARNEY INC.
014 B000007 8-8177
014 A000008 SALOMON BROTHERS INC.
014 B000008 8-26920
014 A000009 SMITH ANNUITY SERVICES, INC.
014 B000009 8-14495
015 A000001 THE CHASE MANHATTAN BANK, N.A.
015 B000001 C
015 C010001 NEW YORK
015 C020001 NY
015 C030001 10081
015 C040001 1000
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022 C000001 715737
022 D000001 10352
022 A000002 MORGAN STANLEY & CO., INC.
022 C000002 185203
022 D000002 34040
022 A000003 UBS SECURITIES INC.
022 C000003 97074
022 D000003 87573
022 A000004 GOLDMAN, SACHS & CO.
<PAGE> PAGE 3
022 C000004 132141
022 D000004 19998
022 A000005 MERRILL LYNCH
022 C000005 113715
022 D000005 32977
022 A000006 SALOMON BROTHERS INC
022 C000006 44954
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022 A000007 LEHMAN BROTHERS INC.
022 C000007 49822
022 D000007 9855
022 A000008 FIRST BOSTON CORP.
022 C000008 46989
022 D000008 6157
022 A000009 CHASE SECURITIES INC.
022 C000009 40702
022 D000009 4998
022 A000010 BANKERS TRUST COMPANY
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<PAGE> PAGE 4
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<PAGE> PAGE 5
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<PAGE> PAGE 6
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<PAGE> PAGE 7
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<PAGE> PAGE 8
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<PAGE> PAGE 9
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SIGNATURE IAN STUART
TITLE CFO LIFE & ANNUITY
<TABLE> <S> <C>
<ARTICLE> 6
<S> <C>
<PERIOD-TYPE> YEAR
<FISCAL-YEAR-END> DEC-31-1997
<PERIOD-START> JAN-01-1997
<PERIOD-END> DEC-31-1997
<INVESTMENTS-AT-COST> 155,120,474
<INVESTMENTS-AT-VALUE> 156,815,587
<RECEIVABLES> 6,282,088
<ASSETS-OTHER> 1,602
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 163,099,277
<PAYABLE-FOR-SECURITIES> 3,514,681
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 553,297
<TOTAL-LIABILITIES> 4,067,978
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 0
<SHARES-COMMON-STOCK> 29,204,421
<SHARES-COMMON-PRIOR> 33,353,307
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 0
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 0
<NET-ASSETS> 159,031,299
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 10,740,468
<OTHER-INCOME> 0
<EXPENSES-NET> 2,457,486
<NET-INVESTMENT-INCOME> 8,282,982
<REALIZED-GAINS-CURRENT> 692,660
<APPREC-INCREASE-CURRENT> 1,496,038
<NET-CHANGE-FROM-OPS> 10,471,680
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 0
<NUMBER-OF-SHARES-REDEEMED> 0
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> (11,177,053)
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 529,458
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 2,457,486
<AVERAGE-NET-ASSETS> 164,389,522
<PER-SHARE-NAV-BEGIN> 0
<PER-SHARE-NII> 0
<PER-SHARE-GAIN-APPREC> 0
<PER-SHARE-DIVIDEND> 0
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 0
<EXPENSE-RATIO> 1.57
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
REPORT OF INDEPENDENT ACCOUNTANTS
To the Board of Managers and Owners of
Variable Annuity Contracts of
The Travelers Quality Bond Account for Variable Annuities:
In planning and performing our audit of the financial statements,
per unit data and ratios of The Travelers Quality Bond Account
for Variable Annuities for the year ended December 31, 1997,
we considered its internal control, including control over
safeguarding securities, in order to determine our auditing
procedures for the purpose of expressing our opinion on the
financial statements, per unit data and ratios, and to comply
with the requirements of Form N-SAR, not to provide
assurance on internal control.
The management of The Travelers Quality Bond Account for
Variable Annuities is responsible for establishing and
maintaining internal control. In fulfilling this responsibility,
estimates and judgments by management are required to assess
the expected benefits and related costs of controls. Generally,
controls that are relevant to an audit pertain to the entity's
objective of preparing financial statements, per unit data and
ratios for external purposes that are fairly presented in
conformity with generally accepted accounting principles.
Those controls include the safeguarding of assets against
unauthorized acquisition, use or disposition.
Because of inherent limitations in internal controls, errors or
fraud may occur and may not be detected. Also, projection of
any evaluation of internal control to future periods is subject to
the risk that it may become inadequate because of changes in
conditions or that the effectiveness of the design and operation
may deteriorate.
Our consideration of internal control would not necessarily
disclose all matters in internal control that might be material
weaknesses under standards established by the American
Institute of Certified Public Accountants. A material weakness
is a condition in which the design or operation of any specific
internal control component does not reduce to a relatively low
level the risk that errors or fraud in amounts that would be
material in relation to the financial statements, per unit data and
ratios being audited may occur and not be detected within a
timely period by employees in the normal course of performing
their assigned functions. However, we noted no matters
involving internal control, including controls over safeguarding
securities, that we consider to be material weaknesses as
defined above as of December 31, 1997.
This report is intended solely for the information and use of
management of The Travelers Quality Bond Account for
Variable Annuities and the Securities and Exchange
Commission.
COOPERS & LYBRAND L.L.P.
Hartford, Connecticut
February 19, 1998
