<PAGE>   1
                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, 2000

                                       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)

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

                  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>   2
                     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, 2000 and 1999 (unaudited)..........................3

Condensed Balance Sheets as of September 30, 2000 (unaudited) and
December 31, 1999..................................................................4

Condensed Statements of Changes in Retained Earnings and
Accumulated Other Changes in Equity from Non-Owner Sources
for the Three and Nine Months Ended September 30, 2000 and 1999 (unaudited)........5

Condensed Statements of Cash Flows for the
Nine Months Ended September 30, 2000 and 1999 (unaudited)..........................6

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

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



PART II - OTHER INFORMATION

ITEM 6.  EXHIBITS AND REPORTS ON FORM 8-K.........................................12
-----------------------------------------



SIGNATURES........................................................................13
</TABLE>

                                       2
<PAGE>   3
                     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,
---------------------------------------------------------------------------------------------------------------------------
                                                                      2000             1999         2000            1999
                                                                      ----             ----         ----            ----
<S>                                                                 <C>               <C>         <C>             <C>
REVENUES
Premiums                                                            $  8,583          $ 6,542     $ 25,168        $ 18,157
Net investment income                                                 50,737           46,444      155,362         133,523
Realized investment gains (losses)                                    (1,914)           1,166          (94)          7,893
Fee income                                                            46,090           15,365      114,316          41,930
Other revenues                                                         2,189              941        6,507           2,468
---------------------------------------------------------------------------------------------------------------------------
     Total revenues                                                  105,685           70,458      301,259         203,971
---------------------------------------------------------------------------------------------------------------------------

BENEFITS AND EXPENSES
Current and future insurance benefits                                 19,839           18,910       60,559          60,478
Interest credited to contractholders                                  20,598           14,381       54,675          40,512
Amortization of deferred acquisition costs                            17,761            4,762       48,092          14,351
Operating expenses                                                     4,085            2,536       11,150           7,132
---------------------------------------------------------------------------------------------------------------------------
     Total benefits and expenses                                      62,283           40,589      174,476         122,473
---------------------------------------------------------------------------------------------------------------------------

Income before federal income taxes                                    43,402           29,869      126,783          81,498
---------------------------------------------------------------------------------------------------------------------------

Federal income taxes                                                  15,177           10,382       44,332          28,425
---------------------------------------------------------------------------------------------------------------------------

Net income                                                          $ 28,225          $19,487     $ 82,451        $ 53,073
===========================================================================================================================
</TABLE>

                  See Notes to Condensed Financial Statements.

                                       3
<PAGE>   4
                     THE TRAVELERS LIFE AND ANNUITY COMPANY
                            CONDENSED BALANCE SHEETS
                                ($ IN THOUSANDS)


<TABLE>
<CAPTION>
                                                                              SEPTEMBER 30, 2000         DECEMBER 31, 1999
                                                                                  (UNAUDITED)
----------------------------------------------------------------------------------------------------------------------------
<S>                                                                          <C>                        <C>
ASSETS
Investments                                                                       $2,785,846               $2,174,577
Separate accounts                                                                  6,648,215                4,795,165
Deferred acquisition costs                                                           513,489                  350,088
Other assets                                                                         200,234                  181,503
----------------------------------------------------------------------------------------------------------------------------
     Total assets                                                                $10,147,784               $7,501,333
----------------------------------------------------------------------------------------------------------------------------

LIABILITIES
Future policy benefits                                                              $995,916               $1,007,776
Contractholder funds                                                               1,489,889                1,117,819
Separate accounts                                                                  6,648,215                4,795,165
Other liabilities                                                                    192,831                  114,408
----------------------------------------------------------------------------------------------------------------------------
     Total liabilities                                                             9,326,851                7,035,168
----------------------------------------------------------------------------------------------------------------------------

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                  167,316
Retained earnings                                                                    417,612                  335,161
Accumulated other changes in equity from non-owner sources                           (16,995)                 (39,312)
----------------------------------------------------------------------------------------------------------------------------
     Total shareholder's equity                                                      820,933                  466,165
----------------------------------------------------------------------------------------------------------------------------

     Total liabilities and shareholder's equity                                  $10,147,784               $7,501,333
============================================================================================================================
</TABLE>
                  See Notes to Condensed Financial Statements.

                                       4
<PAGE>   5
                     THE TRAVELERS LIFE AND ANNUITY COMPANY
            CONDENSED STATEMENTS OF CHANGES IN RETAINED EARNINGS AND
           ACCUMULATED OTHER CHANGES IN EQUITY FROM NON-OWNER SOURCES
                                   (UNAUDITED)
                                ($ IN THOUSANDS)



<TABLE>
<CAPTION>
                                                                  THREE MONTHS ENDED                  NINE MONTHS ENDED
                                                                     SEPTEMBER 30,                      SEPTEMBER 30,
-----------------------------------------------------------------------------------------------------------------------------
STATEMENTS OF CHANGES IN  RETAINED EARNINGS                       2000          1999            2000             1999
-----------------------------------------------------------------------------------------------------------------------------
<S>                                                             <C>           <C>             <C>              <C>
Balance, beginning of period                                    $389,387      $316,141        $335,161         $282,555
Net income                                                        28,225        19,487          82,451           53,073
-----------------------------------------------------------------------------------------------------------------------------
Balance, end of period                                          $417,612      $335,628        $417,612         $335,628
=============================================================================================================================

-----------------------------------------------------------------------------------------------------------------------------
STATEMENTS OF ACCUMULATED OTHER CHANGES
IN EQUITY FROM NON-OWNER SOURCES
-----------------------------------------------------------------------------------------------------------------------------

Balance, beginning of period                                    $(36,916)     $  2,645        $(39,312)        $ 87,889
Unrealized gains (losses), net of tax                             19,921       (20,758)         22,317         (106,002)
-----------------------------------------------------------------------------------------------------------------------------
Balance, end of period                                          $(16,995)     $(18,113)       $(16,995)        $(18,113)
=============================================================================================================================

-----------------------------------------------------------------------------------------------------------------------------
SUMMARY OF CHANGES IN EQUITY
FROM NON-OWNER SOURCES
-----------------------------------------------------------------------------------------------------------------------------

Net income                                                       $28,225       $19,487         $82,451          $53,073
Other changes in equity from
     non-owner sources                                            19,921      (20,758)          22,317         (106,002)
-----------------------------------------------------------------------------------------------------------------------------
Total changes in equity from
     non-owner sources                                           $48,146       $(1,271)       $104,768         $(52,929)
=============================================================================================================================
</TABLE>

                  See Notes to Condensed Financial Statements.

                                      5
<PAGE>   6
                     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,
                                                                                 2000                   1999
------------------------------------------------------------------------------------------------------------------
<S>                                                                          <C>                     <C>
NET CASH USED IN OPERATING ACTIVITIES                                        $  (102,988)            $(118,714)
------------------------------------------------------------------------------------------------------------------
CASH FLOWS FROM INVESTING ACTIVITIES
     Proceeds from maturities of investments
         Fixed maturities                                                        167,956               169,354
         Mortgage loans                                                           19,258                22,811
     Proceeds from sales of investments
         Fixed maturities                                                        741,015               522,952
         Equity securities                                                        27,158                 2,387
         Mortgage loans                                                           15,260                    --
         Real estate held for sale                                                 2,115                    --
     Purchases of investments
         Fixed maturities                                                     (1,286,107)             (775,665)
         Equity securities                                                       (17,763)               (9,577)
         Mortgage loans                                                          (10,010)               (7,581)
     Policy loans                                                                 (2,296)               (4,683)
     Short-term securities sales (purchases), net                               (211,397)               51,252
     Other investment purchases, net                                              (3,133)              (13,065)
     Securities transactions in course of settlement, net                         54,100                26,610
------------------------------------------------------------------------------------------------------------------
     Net cash used in investing activities                                      (503,844)              (15,205)
------------------------------------------------------------------------------------------------------------------

CASH FLOWS FROM FINANCING ACTIVITIES
     Contractholder fund deposits                                                448,906               188,154
     Contractholder fund withdrawals                                             (76,778)              (52,176)
     Contribution by parent company                                              250,000                    --
------------------------------------------------------------------------------------------------------------------
     Net cash provided by financing activities                                   622,128               135,978
------------------------------------------------------------------------------------------------------------------

Net increase in cash                                                              15,296                 2,059

Cash at beginning of period                                                           21                   624
------------------------------------------------------------------------------------------------------------------
Cash at end of period                                                        $    15,317             $   2,683
------------------------------------------------------------------------------------------------------------------

SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION
     Income taxes paid                                                       $    31,081             $  24,726
==================================================================================================================
</TABLE>

                  See Notes to Condensed Financial Statements.

                                       6
<PAGE>   7
                     THE TRAVELERS LIFE AND ANNUITY COMPANY
               NOTES TO CONDENSED FINANCIAL STATEMENTS (UNAUDITED)



1.   BASIS OF PRESENTATION

     The interim financial statements of The Travelers Life and Annuity Company
     (the Company), a wholly owned subsidiary of The Travelers Insurance Company
     (TIC), an indirect wholly owned subsidiary of Citigroup Inc. (Citigroup),
     have been prepared in conformity with generally accepted accounting
     principles (GAAP) and are unaudited. 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, 1999.

     Certain financial information that is normally included in 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 with the
     current year's presentation.

     FUTURE APPLICATION OF ACCOUNTING STANDARDS

     In June 1998, the Financial Accounting Standards Board (FASB) issued
     Statement of Financial Accounting Standards No. 133, "Accounting for
     Derivative Instruments and Hedging Activities" (FAS 133). In June 1999, the
     FASB issued Statement of Financial Standards No. 137, "Deferral of the
     Effective Date of FASB Statement No. 133" (FAS 137), which allows entities
     that have not yet adopted FAS 133 to defer its effective date to all fiscal
     quarters of all fiscal years beginning after June 15, 2000. In June 2000,
     the FASB issued Statement of Financial Accounting Standards No. 138,
     "Accounting for Certain Derivative Instruments and Certain Hedging
     Activities, an amendment of FASB Statement No. 133," which amends the
     accounting and reporting standards of FAS 133. FAS 133 establishes
     accounting and reporting standards for derivative instruments, including
     certain derivative instruments embedded in other contracts (collectively
     referred to as derivatives), and for hedging activities. It requires that
     an entity recognize all derivatives as either assets or liabilities in the
     consolidated balance sheet and measure those instruments at fair value. If
     certain conditions are met, a derivative may be specifically designated as
     (a) a hedge of the exposure to changes in the fair value of a recognized
     asset or liability or an unrecognized firm commitment, (b) a hedge of the
     exposure to variable cash flows of a recognized asset or liability or of a
     forecasted transaction, or (c) a hedge of the foreign currency exposure of
     a net investment in a foreign operation, an unrecognized firm commitment,
     an available-for-sale security, or a foreign-currency-denominated
     forecasted transaction. The accounting for changes in the fair value of a
     derivative (that is, gains and losses) depends on the intended use of the
     derivative and the resulting designation. Upon initial application of FAS
     133, hedging relationships must be designated anew and documented pursuant
     to the provisions of this statement. The Company adopted the deferral
     provisions of FAS 137, effective January 1, 2000. The Company will adopt
     FAS 133, as amended, as of January 1, 2001.

     The Company has estimated that the pro forma cumulative effect of FAS 133,
     as amended, at September 30, 2000 would not be significant. For its
     estimate, the Company used holdings and applied rates available at the
     balance sheet date, and did not anticipate future guidance or changes in
     guidance on matters not yet addressed or not yet concluded by FASB on
     implementation matters related to insurance and insurance-related
     contracts. The Company anticipates a significant and continuing increase in
     the complexity of the accounting and the recordkeeping requirements for
     hedging activities and for insurance-related contracts and may make changes
     to its risk management strategies. The Company does not expect that FAS
     133, as

                                       7
<PAGE>   8
                     THE TRAVELERS LIFE AND ANNUITY COMPANY
               NOTES TO CONDENSED FINANCIAL STATEMENTS (UNAUDITED)
                                   (CONTINUED)


     amended, will have a significant impact on the results of operations,
     financial condition or liquidity in future periods.

     In September 2000, the FASB issued Statement of Financial Accounting
     Standards No. 140, "Accounting for Transfers and Servicing of Financial
     Assets and Extinguishments of Liabilities, a replacement of FASB Statement
     No. 125" (FAS 140). Provisions of FAS 140 primarily relating to transfers
     of financial assets and securitizations that differ from provisions of FAS
     125 are effective for transfers taking place after March 31, 2001. Special
     purpose entities (SPEs) used in securitizations that are currently
     qualifying SPEs under FAS 125 will continue to be treated as qualifying
     SPEs so long as they issue no new beneficial interests and accept no new
     asset transfers after March 31, 2001, other than transfers committed to
     prior to that date. Under FAS 140 qualifying SPEs are not consolidated by
     the transferor. It is not expected that there will be a significant effect
     on the results of operations, financial condition or liquidity relating to
     a change in consolidation status for existing qualifying SPEs under FAS
     140. FAS 140 also amends the accounting for collateral and requires new
     disclosures for collateral, securitizations, and retained interests in
     securitizations. These provisions are effective for financial statements
     for fiscal years ending after December 15, 2000. The accounting for
     collateral, as amended, requires collateral previously recorded under FAS
     125 to be derecognized in financial statements for all years presented, and
     revises the criteria for reclassifying collateral pledged to an encumbered
     account. The change in accounting for collateral is not expected to have a
     significant effect on results of operations, financial condition or
     liquidity.


2.   SHAREHOLDER'S EQUITY

     During September 2000, TIC contributed $250 million as additional paid-in
     capital to the Company. This additional capital is used to support the
     growing deferred annuity business.

     Statutory capital and surplus of the Company was $294 million at December
     31, 1999. 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. Statutory
     surplus of $29 million is available in 2000 for dividend payments by the
     Company without prior approval of the Connecticut Insurance Department. The
     Company did not pay any dividends to its parent during the nine months
     ended September 30, 2000 and 1999.


3.   COMMITMENTS AND CONTINGENCIES

     In the ordinary course of business, the Company is a defendant or
     co-defendant in various litigation matters. Although there can be no
     assurances, as of September 30, 2000, the Company believes, based on
     information currently available, that 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. This statement
     is a forward-looking statement within the meaning of the Private Securities
     Litigation Reform Act. See "Forward-Looking Statements" on page 11.

                                       8
<PAGE>   9
                     THE TRAVELERS LIFE AND ANNUITY COMPANY
               NOTES TO CONDENSED FINANCIAL STATEMENTS (UNAUDITED)
                                   (CONTINUED)



4.   RELATED PARTY TRANSACTIONS

     In the normal course of business, management of both the Company and TIC
     conducts reviews of the investment portfolios of each company to properly
     match assets with liabilities. As a result of these reviews, TIC purchased
     $100 million of invested assets from the Company at arm's length, with a
     related loss of $1.3 million.

                                       9
<PAGE>   10
                     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.

RESULTS OF OPERATIONS ($ in millions)

<TABLE>
<CAPTION>
FOR THE NINE MONTHS ENDED SEPTEMBER 30,                                2000                 1999
                                                                       ----                 ----
<S>                                                                   <C>                  <C>
Revenues                                                              $301.3               $204.0
                                                                      ======               ======
Net income                                                             $82.4                $53.1
                                                                       =====                =====
</TABLE>

The Travelers Life and Annuity Company (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), and Primerica Financial Services (Primerica), affiliates of the
Company, and a nationwide network of independent agents. 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.

The Company has assets held in a separate account related to reserves on
structured settlement contracts that provide guarantees for the contractholders
independent of the investment performance of the separate account assets. The
assets held in this separate account are owned by the Company and
contractholders do not share in their investment performance. These contracts
were purchased by the insurance subsidiaries of Travelers Property Casualty
Corp. (TAP), an affiliate of the Company, in connection with the settlement of
certain of their policyholder obligations. All new structured settlement
contracts are being written by TIC.

Net income for the nine months ended September 30, 2000 was $82.4 million,
compared to $53.1 million for the nine months ended September 30, 1999. Included
in net income for the first nine months of 2000 were net after-tax realized
losses on investments of $(.1) million versus $5.1 million of net after-tax
realized gains on investments in the first nine months of 1999 reflecting the
timing of investment transactions in 1999, to enhance investment yields.
Operating income, defined as income before net realized gains or losses on
investments, increased 71.9% to $82.5 million for the first nine months of 2000
from $48.0 million for the prior year period. The increase in operating income
resulted from increases in business volume and strong investment income results.
The strong business volume of the individual annuity and universal life
businesses is reflected in the 172.6% growth of fee income from $41.9 million in
1999 to $114.3 million in 2000. The business volume also resulted in a 42.5%
increase in benefits and expenses, and in particular, interest credited and
amortization of deferred acquisition costs.

                                       10
<PAGE>   11
                     THE TRAVELERS LIFE AND ANNUITY COMPANY



PREMIUMS AND DEPOSITS ($ in millions)

<TABLE>
<CAPTION>
FOR THE NINE MONTHS ENDED SEPTEMBER 30,                               2000             1999
                                                                      ----             ----
<S>                                                                  <C>              <C>
Individual Annuities                                                 $2,421           $1,650
Universal Life                                                          123               83
Traditional Life                                                         20               17
Payout Annuities                                                          8               --
                                                                     ------           ------
                                    Total                            $2,572           $1,750
                                                                     ======           ======
</TABLE>

The increase in individual annuity premiums and deposits reflects strong sales
growth across proprietary and non-proprietary distribution channels,
particularly SSB.

Policyholder benefit reserves, contractholder funds and separate account
reserves totaled $9.1 billion at September 30, 2000, up from $5.7 billion at
September 30, 1999, primarily as a result of growth in the variable annuity
separate account business included in individual annuities.

INSURANCE REGULATIONS

Risk-based capital requirements are used as minimum capital requirements by the
National Association of Insurance Commissioners and the states to identify
companies that merit further regulatory action. At September 30, 2000, the
Company had adjusted capital in excess of amounts requiring any regulatory
action.

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 maximum amount of
dividends available to be paid to the Company's shareholder in 2000 without
prior approval of the Connecticut Insurance Department is $29 million. The
Company did not pay any dividends to its parent during the nine months ended
September 30, 2000 and 1999.

FUTURE APPLICATION OF ACCOUNTING STANDARDS

See Note 1 of Notes to Condensed Financial Statements for Future Application of
Accounting Standards.

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.

                                       11
<PAGE>   12
                     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.

       27.01+        Financial Data Schedule
</TABLE>

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

(b) REPORTS ON FORM 8-K.

None.

                                       12
<PAGE>   13
                     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.


<TABLE>
<S>                                       <C>
                                          THE TRAVELERS LIFE AND ANNUITY COMPANY
                                          --------------------------------------
                                                      (Registrant)


Date     November 13, 2000                /s/ Glenn D. Lammey
    -----------------------------         --------------------------------------
                                          Glenn D. Lammey
                                          Executive Vice President,
                                          Chief Financial Officer and Chief Accounting Officer
                                          (Principal Financial Officer and Principal Accounting Officer)
</TABLE>

                                       13