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                                                July 2, 1997 Supplement to
                                                Prospectus Dated May 1, 1997


                          TRAVELERS TARGET MATURITY
        

The following information supplements the prospectus dated May 1, 1997 for
Travelers Target Maturity.

For Contracts issued in New York, you may only annuitize after the first 
Contract Year.


L-21190                                                         7/97