<PAGE>

                UNITED STATES SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549

                                    FORM 10-Q

      X         QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF
                       THE SECURITIES EXCHANGE ACT OF 1934

                FOR THE QUARTERLY PERIOD ENDED SEPTEMBER 30, 2002

                                       OR

     __       TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF
                       THE SECURITIES EXCHANGE ACT OF 1934

        FOR THE TRANSITION PERIOD FROM _______________ TO ______________

                       __________________________________

                         COMMISSION FILE NUMBER 33-58677
                       __________________________________

                     THE TRAVELERS LIFE AND ANNUITY COMPANY
             (EXACT NAME OF REGISTRANT AS SPECIFIED IN ITS CHARTER)

                CONNECTICUT                                06-0904249
      (State or other jurisdiction of                   (I.R.S. Employer
      incorporation or organization)                   Identification No.)

                  ONE TOWER SQUARE, HARTFORD, CONNECTICUT 06183
               (Address of principal executive offices) (Zip Code)

                                 (860) 277-0111
              (Registrant's telephone number, including area code)


Indicate by check mark whether the registrant (1) has filed all reports required
to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during
the preceding 12 months (or for such shorter period that the registrant was
required to file such reports), and (2) has been subject to such filing
requirements for the past 90 days.

                                Yes  X    No _____

As of the date hereof, there were outstanding 30,000 shares of common stock, par
value $100 per share, of the registrant, all of which were owned by The
Travelers Insurance Company, an indirect wholly owned subsidiary of Citigroup
Inc.

                            REDUCED DISCLOSURE FORMAT

The registrant meets the conditions set forth in General Instruction H(1)(a) and
(b) of Form 10-Q and is therefore filing this Form 10-Q with the reduced
disclosure format.
<PAGE>
                     THE TRAVELERS LIFE AND ANNUITY COMPANY

                                TABLE OF CONTENTS

<TABLE>
<CAPTION>
PART I - FINANCIAL INFORMATION                                                      Page
<S>                                                                                 <C>
ITEM 1.  FINANCIAL STATEMENTS

Condensed Statements of Income for the three and
nine months ended September 30, 2002 and 2001 (unaudited).............................3

Condensed Balance Sheets as of September 30, 2002 (unaudited) and
December 31, 2001.....................................................................4

Condensed Statements of Changes in Shareholder's Equity
for the three and nine months ended September 30, 2002 and 2001 (unaudited)...........5

Condensed Statements of Cash Flows for the
nine months ended September 30, 2002 and 2001 (unaudited).............................6

Notes to Condensed Financial Statements (unaudited)...................................7

ITEM 2.  MANAGEMENT'S DISCUSSION AND ANALYSIS OF
FINANCIAL CONDITION AND RESULTS OF OPERATIONS........................................10

ITEM 4.  CONTROLS AND PROCEDURES.....................................................12

PART II - OTHER INFORMATION

ITEM 6.  EXHIBITS AND REPORTS ON FORM 8-K............................................13

Signatures and Certifications........................................................14

Exhibit 99.01........................................................................17
</TABLE>

                                       2
<PAGE>
                     THE TRAVELERS LIFE AND ANNUITY COMPANY
                         CONDENSED STATEMENTS OF INCOME
                                   (UNAUDITED)
                                ($ in thousands)

<TABLE>
<CAPTION>
                                                                    THREE MONTHS ENDED             NINE MONTHS ENDED
                                                                       SEPTEMBER 30,                  SEPTEMBER 30,
                                                                  2002             2001            2002             2001
REVENUES
<S>                                                            <C>             <C>             <C>             <C>
Premiums                                                       $  11,579       $  10,236       $  32,402       $  28,422
Net investment income                                             80,003          60,867         223,373         179,287
Realized investment gains (losses)                               (23,837)         (2,659)        (39,473)         18,495
Fee income                                                        50,172          44,857         150,735         127,374
Other revenues                                                     6,021           3,512          15,343           9,177
-------------------------------------------------------------------------------------------------------------------------
      Total Revenues                                             123,938         116,813         382,380         362,755
-------------------------------------------------------------------------------------------------------------------------
BENEFITS AND EXPENSES
Current and future insurance benefits                             23,405          21,145          70,195          63,887
Interest credited to contractholders                              47,527          33,489         129,653          88,845
Amortization of deferred acquisition costs                        21,793          25,690          35,468          66,282
Operating expenses                                                10,252           4,651          23,433          15,847
-------------------------------------------------------------------------------------------------------------------------
      Total Benefits and Expenses                                102,977          84,975         258,749         234,861
-------------------------------------------------------------------------------------------------------------------------
Income before federal income taxes and cumulative
     effect of change in accounting principle                     20,961          31,838         123,631         127,894

Federal income taxes                                               7,279          10,715          43,240          44,186
-------------------------------------------------------------------------------------------------------------------------
Income before cumulative effect of change in
    accounting principle                                          13,682          21,123          80,391          83,708
Cumulative effect of change in accounting for
    derivative instruments and hedging activities, net of
     tax                                                              --              --              --             (62)
-------------------------------------------------------------------------------------------------------------------------
Net income                                                     $  13,682       $  21,123       $  80,391       $  83,646
=========================================================================================================================
</TABLE>

                  See Notes to Condensed Financial Statements.

                                       3
<PAGE>
                     THE TRAVELERS LIFE AND ANNUITY COMPANY
                            CONDENSED BALANCE SHEETS
                                ($ in thousands)

<TABLE>
<CAPTION>
                                                              SEPTEMBER 30, 2002    DECEMBER 31, 2001
                                                                 (UNAUDITED)
-----------------------------------------------------------------------------------------------------
<S>                                                           <C>                   <C>
ASSETS

Investments (including $74,650 and $102,347 subject to
   securities lending agreements)                                $ 4,988,082           $ 3,938,782
Separate accounts                                                  6,436,823             7,681,791
Deferred acquisition costs                                         1,021,042               814,369
Other assets                                                         404,944               221,325
-----------------------------------------------------------------------------------------------------
      Total Assets                                               $12,850,891           $12,656,267
-----------------------------------------------------------------------------------------------------
LIABILITIES

Future policy benefits                                           $ 1,147,152           $ 1,040,856
Contractholder funds                                               3,627,141             2,624,570
Separate accounts                                                  6,436,823             7,681,791
Other liabilities                                                    525,745               331,486
-----------------------------------------------------------------------------------------------------
      Total Liabilities                                           11,736,861            11,678,703
-----------------------------------------------------------------------------------------------------
SHAREHOLDER'S EQUITY
Common stock, par value $100; 100,000 shares authorized,
      30,000 issued and outstanding                                    3,000                 3,000
Additional paid-in capital                                           417,316               417,316
Retained earnings                                                    621,555               541,164
Accumulated other changes in equity from nonowner sources             72,159                16,084
-----------------------------------------------------------------------------------------------------
      Total Shareholder's Equity                                   1,114,030               977,564
-----------------------------------------------------------------------------------------------------
      Total Liabilities and Shareholder's Equity                 $12,850,891           $12,656,267
=====================================================================================================
</TABLE>

                  See Notes to Condensed Financial Statements.

                                       4
<PAGE>
                     THE TRAVELERS LIFE AND ANNUITY COMPANY
             CONDENSED STATEMENTS OF CHANGES IN SHAREHOLDER'S EQUITY
                                   (UNAUDITED)
                                ($ in thousands)

<TABLE>
<CAPTION>
                                                                     THREE MONTHS ENDED          NINE MONTHS ENDED
                                                                        SEPTEMBER 30,               SEPTEMBER 30,
---------------------------------------------------------------------------------------------------------------------
COMMON STOCK                                                        2002           2001           2002         2001
---------------------------------------------------------------------------------------------------------------------
<S>                                                              <C>            <C>           <C>           <C>
Balance, beginning of period                                     $   3,000      $   3,000     $   3,000     $   3,000
Changes in common stock                                                 --             --            --            --
---------------------------------------------------------------------------------------------------------------------
Balance, end of period                                           $   3,000      $   3,000     $   3,000     $   3,000
=====================================================================================================================

---------------------------------------------------------------------------------------------------------------------
ADDITIONAL PAID-IN CAPITAL
--------------------------------------------------------------------------------------------------------------------
Balance, beginning of period                                     $ 417,316      $ 417,316     $ 417,316     $ 417,316
Changes in Additional Paid-in-Capital                                   --             --            --            --
---------------------------------------------------------------------------------------------------------------------
Balance, end of period                                           $ 417,316      $ 417,316     $ 417,316     $ 417,316
=====================================================================================================================

---------------------------------------------------------------------------------------------------------------------
RETAINED EARNINGS
---------------------------------------------------------------------------------------------------------------------
Balance, beginning of period                                     $ 607,873      $ 488,589     $ 541,164     $ 426,066
Net income                                                          13,682         21,123        80,391        83,646
---------------------------------------------------------------------------------------------------------------------
Balance, end of period                                           $ 621,555      $ 509,712     $ 621,555     $ 509,712
=====================================================================================================================

---------------------------------------------------------------------------------------------------------------------
ACCUMULATED OTHER CHANGES
IN EQUITY FROM NONOWNER SOURCES
---------------------------------------------------------------------------------------------------------------------
Balance, beginning of period                                     $  (1,632)     $  12,598     $  16,084     $  13,622
Cumulative effect of change in accounting principle for
   derivative instruments and hedging activities, net of tax            --             --            --            62
Unrealized gains, net of tax                                        69,899         39,417        50,075        37,898
Derivative instrument hedging activity gains,
    net of tax                                                       3,892          4,479         6,000         4,912
---------------------------------------------------------------------------------------------------------------------
Balance, end of period                                           $  72,159      $  56,494     $  72,159     $  56,494
=====================================================================================================================

---------------------------------------------------------------------------------------------------------------------
SUMMARY OF CHANGES IN EQUITY
FROM NONOWNER SOURCES
---------------------------------------------------------------------------------------------------------------------
Net income                                                       $  13,682      $  21,123     $  80,391     $  83,646
Other changes in equity from nonowner sources                       73,791         43,896        56,075        42,872
---------------------------------------------------------------------------------------------------------------------
Total changes in equity from nonowner sources                    $  87,473      $  65,019     $ 136,466     $ 126,518
=====================================================================================================================
</TABLE>

                  See Notes to Condensed Financial Statements.

                                       5
<PAGE>
                     THE TRAVELERS LIFE AND ANNUITY COMPANY
                       CONDENSED STATEMENTS OF CASH FLOWS
                           INCREASE (DECREASE) IN CASH
                                   (UNAUDITED)
                                ($ in thousands)

<TABLE>
<CAPTION>
                                                                      NINE MONTHS ENDED
                                                                        SEPTEMBER 30,
                                                                   2002              2001
--------------------------------------------------------------------------------------------
<S>                                                            <C>              <C>
NET CASH USED IN OPERATING ACTIVITIES                          $   (97,516)     $  (122,333)
--------------------------------------------------------------------------------------------
CASH FLOWS FROM INVESTING ACTIVITIES
      Proceeds from maturities of investments
            Fixed maturities                                       159,685           68,728
            Mortgage loans                                          15,585           15,798
      Proceeds from sales of investments
            Fixed maturities                                     1,217,752          679,852
            Equity securities                                       37,768            6,253
            Real Estate held for sale                                   --              (36)
      Purchases of investments
            Fixed maturities                                    (2,243,995)      (1,428,928)
            Equity securities                                      (42,596)          (2,150)
            Mortgage loans                                         (21,946)            (368)
      Policy loans, net                                             (9,112)          (3,585)
      Short-term securities sales, net                               2,657           89,515
      Other investment (purchases) sales, net                      (10,915)             348
      Securities transactions in course of settlement, net          (6,048)          32,623
--------------------------------------------------------------------------------------------
      Net cash used in investing activities                       (901,165)        (541,950)
--------------------------------------------------------------------------------------------
CASH FLOWS FROM FINANCING ACTIVITIES
      Contractholder fund deposits                               1,167,790          791,306
      Contractholder fund withdrawals                             (165,218)        (122,771)
--------------------------------------------------------------------------------------------
      Net cash provided by financing activities                  1,002,572          668,535
--------------------------------------------------------------------------------------------
Net increase in cash                                                 3,891            4,252

Cash at beginning of period                                         19,514           14,938
--------------------------------------------------------------------------------------------
Cash at end of period                                          $    23,405      $    19,190
--------------------------------------------------------------------------------------------
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION
      Income taxes paid (received)                             $    19,505      $   (20,911)
============================================================================================
</TABLE>

                  See Notes to Condensed Financial Statements.

                                       6
<PAGE>
                     THE TRAVELERS LIFE AND ANNUITY COMPANY
               NOTES TO CONDENSED FINANCIAL STATEMENTS (UNAUDITED)

1.    BASIS OF PRESENTATION

      The Travelers Life and Annuity Company (the Company) is a wholly owned
      subsidiary of The Travelers Insurance Company (TIC), an indirect wholly
      owned subsidiary of Citigroup Inc. (Citigroup). Citigroup is a diversified
      global financial services holding company whose businesses provide a broad
      range of financial services to consumer and corporate customers around the
      world. The condensed financial statements and accompanying footnotes of
      the Company are prepared in conformity with accounting principles
      generally accepted in the United States of America (GAAP) and are
      unaudited. The preparation of financial statements in conformity with GAAP
      requires management to make estimates and assumptions that affect the
      reported amounts of assets and liabilities, the disclosure of contingent
      assets and liabilities at the date of the financial statements and the
      reported amounts of revenues and benefits and expenses during the
      reporting period. Actual results could differ from those estimates. In the
      opinion of management, the interim financial statements reflect all
      adjustments necessary (all of which were normal recurring adjustments) for
      a fair presentation of results for the periods reported. The accompanying
      condensed financial statements should be read in conjunction with the
      financial statements and related notes included in the Company's Annual
      Report on Form 10-K for the year ended December 31, 2001.

      Certain financial information that is normally included in annual
      financial statements prepared in accordance with GAAP, but is not required
      for interim reporting purposes, has been condensed or omitted.

      Certain prior year amounts have been reclassified to conform to the 2002
      presentation.

2.    CHANGES IN ACCOUNTING PRINCIPLES AND ACCOUNTING STANDARDS NOT YET ADOPTED

      ACCOUNTING CHANGES

      BUSINESS COMBINATIONS, GOODWILL AND OTHER INTANGIBLE ASSETS

      Effective January 1, 2002, the Company adopted the Financial Accounting
      Standards Board (FASB) Statements of Financial Accounting Standards No.
      141, "Business Combinations" (FAS 141) and No. 142, "Goodwill and Other
      Intangible Assets" (FAS 142). These standards change the accounting for
      business combinations by, among other things, prohibiting the prospective
      use of pooling-of-interests accounting and requiring companies to stop
      amortizing goodwill and certain intangible assets with an indefinite
      useful life created by business combinations accounted for using the
      purchase method of accounting. Instead, goodwill and intangible assets
      deemed to have an indefinite useful life will be subject to an annual
      review for impairment. All goodwill was fully amortized at December 31,
      2001 and the Company did not have any other intangible assets with an
      indefinite useful life. Other intangible assets that are not deemed to
      have an indefinite useful life will continue to be amortized over their
      useful lives.

      The Company had a gross carrying amount of $22.3 million of contract-based
      intangible assets as of September 30, 2002 and 2001, with accumulated
      amortization of $9.6 million and $14.7 million as of September 30, 2002
      and 2001, respectively. Amortization expense was $.2 million for each of
      the three months ended September 30, 2002 and 2001, and was $.7 million
      for each of the respective nine-month periods. Intangible assets
      amortization expense is estimated to be $.2 million for the remainder of
      2002, $.9 million in 2003, $.8 million in 2004 and 2005, and $.7 million
      in 2006 and 2007.

                                       7
<PAGE>
                     THE TRAVELERS LIFE AND ANNUITY COMPANY
               NOTES TO CONDENSED FINANCIAL STATEMENTS (UNAUDITED)
                                   (CONTINUED)

      IMPAIRMENT OR DISPOSAL OF LONG-LIVED ASSETS

      Effective January 1, 2002, the Company adopted FASB Statement of Financial
      Accounting Standards No. 144, "Accounting for the Impairment or Disposal
      of Long-Lived Assets" (FAS 144). FAS 144 establishes a single accounting
      model for long-lived assets to be disposed of by sale. A long-lived asset
      classified as held for sale is to be measured at the lower of its carrying
      amount or fair value less cost to sell. Depreciation (amortization) is to
      cease. Impairment is recognized only if the carrying amount of a
      long-lived asset is not recoverable from its undiscounted cash flows and
      is measured as the difference between the carrying amount and fair value
      of the asset. Long-lived assets to be abandoned, exchanged for a similar
      productive asset, or distributed to owners in a spin-off are considered
      held and used until disposed of. Accordingly, discontinued operations are
      no longer to be measured on a net realizable value basis, and future
      operating losses are no longer recognized before they occur. The
      provisions of the new standard are to be applied prospectively. There has
      been no impact as of September 30, 2002 on the Company's results of
      operations, financial condition or liquidity and the Company does not
      expect the impact of this standard to be significant.

      ACCOUNTING STANDARDS NOT YET ADOPTED

      ACCOUNTING FOR COSTS ASSOCIATED WITH EXIT OR DISPOSAL ACTIVITIES

      In June 2002, the FASB issued Statement of Financial Accounting Standards
      No. 146, "Accounting for Costs Associated with Exit or Disposal
      Activities" (FAS 146). FAS 146 requires that a liability for costs
      associated with exit or disposal activities be recognized when the
      liability is incurred. Existing generally accepted accounting principles
      provide for the recognition of such costs at the date of management's
      commitment to an exit plan. In addition, FAS 146 requires that the
      liability be measured at fair value and be adjusted for changes in
      estimated cash flows.

      The provisions of the new standard are effective for exit or disposal
      activities initiated after December 31, 2002. The Company does not expect
      the impact of this new standard to be significant.

      ACCOUNTING FOR STOCK BASED COMPENSATION

      The Company currently applies APB Opinion No. 25, "Accounting for Stock
      Issued to Employees" and related interpretations in accounting for its
      stock-based compensation plans, under which there is generally no charge
      to earnings for employee stock option awards. Alternatively, Statement of
      Financial Accounting Standards No. 123, "Accounting for Stock-Based
      Compensation" (FAS 123), allows companies to recognize compensation
      expense over the related service period based on the grant-date fair value
      of the stock-based award.

      Beginning in 2003, the Company intends to account for stock-based
      compensation issued with respect to 2003 and thereafter in accordance with
      the fair-value method prescribed by FAS 123. The Company does not expect
      this change in accounting principle to have a significant impact on its
      results of operations, financial condition or liquidity.

                                       8
<PAGE>
                     THE TRAVELERS LIFE AND ANNUITY COMPANY
              NOTES TO CONDENSED FINANCIAL STATEMENTS (UNAUDITED)
                                  (CONTINUED)


3.    SHAREHOLDER'S EQUITY

      Statutory capital and surplus of the Company was $407 million at December
      31, 2001. The Company is currently subject to various regulatory
      restrictions that limit the maximum amount of dividends available to be
      paid to its parent without prior approval of insurance regulatory
      authorities. The Company does not have surplus available to pay dividends
      to TIC in 2002 without prior approval of the State of Connecticut
      Insurance Department.

4.    COMMITMENTS AND CONTINGENCIES

      In the ordinary course of business, the Company is a defendant or
      co-defendant in various litigation matters incidental to and typical of
      the businesses in which it is engaged. In the opinion of the Company's
      management, the ultimate resolution of these legal proceedings would not
      be likely to have a material adverse effect on its results of operations,
      financial condition or liquidity.

                                       9
<PAGE>
                     THE TRAVELERS LIFE AND ANNUITY COMPANY

ITEM 2. MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS
OF OPERATIONS


Management's narrative analysis of the results of operations is presented in
lieu of Management's Discussion and Analysis of Financial Condition and Results
of Operations, pursuant to General Instruction H(2)(a) of Form 10-Q.

The Travelers Life and Annuity Company (the Company) is a wholly owned
subsidiary of The Travelers Insurance Company (TIC), an indirect wholly owned
subsidiary of Citigroup Inc. (Citigroup).

RESULTS OF OPERATIONS ($ in millions)

<TABLE>
<CAPTION>
                THREE MONTHS ENDED     NINE MONTHS ENDED
                   SEPTEMBER 30,         SEPTEMBER 30,

                  2002       2001       2002       2001
                  ----       ----       ----       ----
<S>             <C>         <C>        <C>        <C>
Revenues         $123.9     $116.8     $382.4     $362.8

Net income       $ 13.7     $ 21.1     $ 80.4     $ 83.6
</TABLE>

The Company offers fixed and variable deferred annuities and individual life
insurance to individuals and small businesses. These products are distributed
primarily through Salomon Smith Barney (SSB), Primerica Financial Services
(Primerica), affiliates of the Company, a nationwide network of independent
financial professionals and non-affiliated broker-dealers. In addition, the
Company distributes these products through CitiStreet Retirement Services and
Citibank, N.A. (Citibank), affiliates of the Company.

Net income decreased $7.4 million for the three months ended September 30, 2002
versus the prior year period. Net after-tax realized investment losses, were
$17.1 million greater than the prior year period, primarily related to
impairments of fixed maturity holdings in the energy sector.

Operating income, defined as income before net realized investments gains and
losses, was $32.5 million for the quarter ended September 30, 2002 up 27.6% from
$22.9 million for the same period in the prior year. This increase in operating
income, including a one time real estate transaction, is related to net
investment income and fee income growth in the individual annuity and individual
life lines which reflects increased business volumes, offset partially by lower
yields in the investment portfolio related to the declining interest rate
environment in 2002 vs. 2001. These increased volumes also caused a 10.6%
increase in insurance benefits, a 41.9% increase in interest credited to
contractholders and an increase in operating expenses in the third quarter of
2002 over the same period in 2001.

Net income decreased $3.2 million for the nine months ended September 30, 2002
compared to the nine months ended September 30, 2001. Net realized investment
losses were $29.0 million in 2002, compared to $12.0 million of gains in 2001.
These losses were driven primarily by impairments to fixed maturity holdings,
including $12.9 million of WorldCom Inc. in the second quarter and impairments
of fixed maturity holdings in the energy sector in the third quarter of 2002.

Operating income was $109.3 million in the first nine months of 2002 versus
$71.7 million in the prior year period. This $37.6 million increase was driven
by individual annuity and individual life business volume growth, a one time
real estate transaction and a $19.4 million after-tax reduction to the
amortization of deferred acquisition costs in the individual annuity product
line resulting from changes in underlying lapse and interest rate assumptions
during the first quarter of 2002. These increases were partially offset by lower
yields in the fixed income investment portfolio related to the declining
interest rate environment in 2002 vs. 2001. The increased volumes caused
increases in insurance benefits, interest credited to contractholders and
operating expenses over the prior year nine-month period.

                                       10
<PAGE>
                     THE TRAVELERS LIFE AND ANNUITY COMPANY

BUSINESS VOLUME ($ IN MILLIONS)

<TABLE>
<CAPTION>
                                                AT AND FOR THE          AT AND FOR THE
                                              THREE MONTHS ENDED      NINE MONTHS ENDED
                                                 SEPTEMBER 30,          SEPTEMBER 30,
                                                2002        2001        2002        2001
                                                ----        ----        ----        ----
<S>                                           <C>          <C>        <C>          <C>
Individual Annuity Account Balances            $9,412      $8,332      $9,412      $8,332
Individual Life Net Premiums and Deposits      $  108      $   72      $  340      $  223
</TABLE>

The growth in September 30, 2002 individual annuity account balances over
September 30, 2001 reflects strong sales and good in-force policy retention,
which were partially offset by declining equity market values.

Individual life volumes continued to grow, reflecting strong universal life and
traditional life sales through the independent financial professionals channel
and SSB.

The Company's business is significantly affected by movements in the U.S.
equity and fixed income credit markets. U.S. equity and credit market
events can have both positive and negative effects on the deposit and revenue
performance of the business. A sustained weakness in the equity markets will
decrease revenues and earnings in variable products. Declines in credit quality
of issuers will have a negative effect on earnings. These statements are
forward-looking statements within the meaning of the Private Securities
Litigation Reform Act. See "Forward-Looking Statements" on page 12.

PREMIUMS AND DEPOSITS ($ IN MILLIONS)

<TABLE>
<CAPTION>
                                  THREE MONTHS ENDED        NINE MONTHS ENDED
                                    SEPTEMBER 30,             SEPTEMBER 30,
                                   2002        2001        2002         2001
                                   ----        ----        ----         ----
<S>                               <C>          <C>         <C>        <C>
Deposits

Individual Annuity                 $618        $720        $2,135     $2,328
Individual Life                      98          63           311        198
Other Annuity                         2           1             4          2
                                   ----        ----        ------     ------
     Total Deposits                $718        $784        $2,450     $2,528
     Total Premiums                  11          10            32         28
                                   ----        ----        ------     ------
Total Premiums and Deposits        $729        $794        $2,482     $2,556
                                   ====        ====        ======     ======
</TABLE>

The majority of the annuity business and a substantial portion of the individual
life business written by the Company are accounted for as investment contracts,
with the result that the deposits collected from contractholders are reported as
liabilities and are not included in revenues. Declining variable annuity sales,
resulting from lower yields in the investment portfolio related to the declining
interest rate environment in 2002 vs. 2001, were partially offset by increased
fixed annuity deposits in both the three and nine months ended September 30,
2002.

INSURANCE REGULATIONS

Risk-based capital requirements are used as minimum capital requirements by the
National Association of Insurance Commissioners (NAIC) and the states to
identify companies that merit further regulatory action. At December 31, 2001,
the Company had total adjusted capital in excess of amounts requiring any
regulatory action as defined by the NAIC.

The Company is subject to various regulatory restrictions that limit the maximum
amount of dividends available to be paid to its parent without prior approval of
insurance regulatory authorities in the state of domicile. The Company does not
have surplus available to pay dividends to its parent in 2002 without prior
approval of the

                                       11
<PAGE>
                     THE TRAVELERS LIFE AND ANNUITY COMPANY

State of Connecticut Insurance Department. The Company did not pay any dividends
to its parent during the nine months ended September 30, 2002.


FUTURE APPLICATION OF ACCOUNTING STANDARDS

See Note 2 of Notes to Condensed Financial Statements for a discussion of
recently issued accounting pronouncements.

FORWARD-LOOKING STATEMENTS

Certain of the statements contained herein that are not historical facts are
forward-looking statements within the meaning of the Private Securities
Litigation Reform Act. The Company's actual results may differ materially from
those included in the forward-looking statements. Forward-looking statements are
typically identified by the words "believe," "expect," "anticipate," "intend,"
"estimate," "may increase," "may fluctuate," and similar expressions or future
or conditional verbs such as "will," "should," "would," and "could." These
forward-looking statements involve risks and uncertainties including, but not
limited to, the resolution of legal proceedings.

ITEM 4. CONTROLS AND PROCEDURES

(A) EVALUATION OF DISCLOSURE CONTROLS AND PROCEDURES.

The Company's Chief Executive Officer and Chief Financial Officer have evaluated
the effectiveness of the Company's disclosure controls and procedures (as such
term is defined in Rules 13a-14(c) and 15d-14(c) under the Securities Exchange
Act of 1934, as amended (the "Exchange Act")) as of a date within 90 days prior
to the filing date of this quarterly report (the "Evaluation Date"). Based on
such evaluation, such officers have concluded that, as of the Evaluation Date,
the Company's disclosure controls and procedures are effective in alerting them
on a timely basis to material information relating to the Company required to be
included in the Company's reports filed or submitted under the Exchange Act.

(B) CHANGES IN INTERNAL CONTROLS.

Since the Evaluation Date, there have not been any significant changes in the
Company's internal controls or in other factors that could significantly affect
such controls.

                                       12
<PAGE>
                     THE TRAVELERS LIFE AND ANNUITY COMPANY

                           PART II - OTHER INFORMATION

ITEM 6. EXHIBITS AND REPORTS ON FORM 8-K

(A) EXHIBITS.

<TABLE>
<CAPTION>
  EXHIBIT NO.     DESCRIPTION
  -----------     -----------
<S>               <C>
         3.01     Charter of The Travelers Life and Annuity Company (the
                  "Company"), as amended on April 10, 1990, incorporated herein
                  by reference to Exhibit 6(a) to the Registration Statement on
                  Form N-4, File No. 33-58131, filed on March 17, 1995.

         3.02     By-laws of the Company, as amended on October 20, 1994,
                  incorporated herein by reference to Exhibit 6(b) to the
                  Registration Statement on Form N-4, File No. 33-58131, filed
                  on March 17, 1995.
</TABLE>

      99.01+ Certification Pursuant to 18 U.S.C. Section 1350.

------------------------
      +Filed herewith

(B) REPORTS ON FORM 8-K.

None.

                                       13
<PAGE>
                     THE TRAVELERS LIFE AND ANNUITY COMPANY

                                   SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned thereunto duly authorized.

                              THE TRAVELERS LIFE AND ANNUITY COMPANY
                                            (Registrant)



Date  November 14, 2002       /s/ Glenn D. Lammey
      -------------------     -----------------------------------------------
                              Glenn D. Lammey
                              Executive Vice President,
                              Chief Financial Officer and Chief Accounting
                              Officer
                              (Principal Financial Officer and Principal
                              Accounting Officer)


                                 CERTIFICATIONS

I, Glenn D. Lammey, Chief Financial Officer, certify that:

1.    I have reviewed this quarterly report on Form 10-Q of The Travelers Life
      and Annuity Company;

2.    Based on my knowledge, this quarterly report does not contain any untrue
      statement of a material fact or omit to state a material fact necessary to
      make the statements made, in light of the circumstances under which such
      statements were made, not misleading with respect to the period covered by
      this quarterly report;

3.    Based on my knowledge, the financial statements, and other financial
      information included in this quarterly report, fairly present in all
      material respects the financial condition, results of operations and cash
      flows of the registrant as of, and for, the periods presented in this
      quarterly report;

4.    The registrant's other certifying officers and I are responsible for
      establishing and maintaining disclosure controls and procedures (as
      defined in Exchange Act Rules 13a-14 and 15d-14) for the registrant and we
      have:

            a)    designed such disclosure controls and procedures to ensure
                  that material information relating to the registrant,
                  including its consolidated subsidiaries, is made known to us
                  by others within those entities, particularly during the
                  period in which this quarterly report is being prepared;

            b)    evaluated the effectiveness of the registrant's disclosure
                  controls and procedures as of a date within 90 days prior to
                  the filing date of this quarterly report (the "Evaluation
                  Date"); and

            c)    presented in this quarterly report our conclusions about the
                  effectiveness of the disclosure controls and procedures based
                  on our evaluation as of the Evaluation Date;

                                       14
<PAGE>
                     THE TRAVELERS LIFE AND ANNUITY COMPANY

                                 CERTIFICATIONS
                                   (continued)

5.    The registrant's other certifying officers and I have disclosed, based on
      our most recent evaluation, to the registrant's auditors and the audit
      committee of registrant's board of directors (or persons performing the
      equivalent function):

            a)    all significant deficiencies in the design or operation of
                  internal controls which could adversely affect the
                  registrant's ability to record, process, summarize and report
                  financial data and have identified for the registrant's
                  auditors any material weaknesses in internal controls; and

            b)    any fraud, whether or not material, that involves management
                  or other employees who have a significant role in the
                  registrant's internal controls; and

6.    The registrant's other certifying officers and I have indicated in this
      quarterly report whether or not there were significant changes in internal
      controls or in other factors that could significantly affect internal
      controls subsequent to the date of our most recent evaluation, including
      any corrective actions with regard to significant deficiencies and
      material weaknesses.

Date    November 14, 2002           /s/ Glenn D. Lammey
     -------------------------      --------------------------------------------
                                    Glenn D. Lammey
                                    Executive Vice President,
                                    Chief Financial Officer and Chief Accounting
                                    Officer
                                    (Principal Financial Officer and Principal
                                    Accounting Officer)


I, George C. Kokulis, Chief Executive Officer, certify that:

1.    I have reviewed this quarterly report on Form 10-Q of The Travelers Life
      and Annuity Company;

2.    Based on my knowledge, this quarterly report does not contain any untrue
      statement of a material fact or omit to state a material fact necessary to
      make the statements made, in light of the circumstances under which such
      statements were made, not misleading with respect to the period covered by
      this quarterly report;

3.    Based on my knowledge, the financial statements, and other financial
      information included in this quarterly report, fairly present in all
      material respects the financial condition, results of operations and cash
      flows of the registrant as of, and for, the periods presented in this
      quarterly report;

                                       15
<PAGE>
                     THE TRAVELERS LIFE AND ANNUITY COMPANY

                                 CERTIFICATIONS
                                   (continued)

4.    The registrant's other certifying officers and I are responsible for
      establishing and maintaining disclosure controls and procedures (as
      defined in Exchange Act Rules 13a-14 and 15d-14) for the registrant and we
      have:

            a)    designed such disclosure controls and procedures to ensure
                  that material information relating to the registrant,
                  including its consolidated subsidiaries, is made known to us
                  by others within those entities, particularly during the
                  period in which this quarterly report is being prepared;

            b)    evaluated the effectiveness of the registrant's disclosure
                  controls and procedures as of a date within 90 days prior to
                  the filing date of this quarterly report (the "Evaluation
                  Date"); and

            c)    presented in this quarterly report our conclusions about the
                  effectiveness of the disclosure controls and procedures based
                  on our evaluation as of the Evaluation Date;

5.    The registrant's other certifying officers and I have disclosed, based on
      our most recent evaluation, to the registrant's auditors and the audit
      committee of registrant's board of directors (or persons performing the
      equivalent function):

            a)    all significant deficiencies in the design or operation of
                  internal controls which could adversely affect the
                  registrant's ability to record, process, summarize and report
                  financial data and have identified for the registrant's
                  auditors any material weaknesses in internal controls; and

            b)    any fraud, whether or not material, that involves management
                  or other employees who have a significant role in the
                  registrant's internal controls; and

6.    The registrant's other certifying officers and I have indicated in this
      quarterly report whether or not there were significant changes in internal
      controls or in other factors that could significantly affect internal
      controls subsequent to the date of our most recent evaluation, including
      any corrective actions with regard to significant deficiencies and
      material weaknesses.

Date   November 14, 2002                      /s/ George C. Kokulis
     ---------------------------------        --------------------------------
                                              George C. Kokulis
                                              Chief Executive Officer

                                       16