<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, 2001

                                       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 Statement of Income for the Three and
Nine Months Ended September 30, 2001 and 2000 (unaudited).......................     3

Condensed Balance Sheet as of September 30, 2001 (unaudited) and
December 31, 2000...............................................................     4

Condensed Statements of Changes in Retained Earnings and
Accumulated Other Changes in Equity from Nonowner Sources
for the Three and Nine Months Ended September 30, 2001 and 2000 (unaudited).....     5

Condensed Statement of Cash Flows for the
Nine Months Ended September 30, 2001 and 2000 (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>
                     THE TRAVELERS LIFE AND ANNUITY COMPANY

                          CONDENSED STATEMENT OF INCOME
                                   (UNAUDITED)
                                ($ in thousands)



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

                                                   2001           2000          2001           2000
                                                   ----           ----          ----           ----
REVENUES
<S>                                            <C>            <C>            <C>            <C>
Premiums                                       $  10,236      $   8,583      $  28,422      $  25,168
Net investment income                             60,867         50,737        179,287        155,362
Realized investment gains/(losses)                (2,659)        (1,914)        18,495            (94)
Fee income                                        44,984         46,090        125,279        114,316
Other revenues                                     3,385          2,189         11,272          6,507
                                               ---------      ---------      ---------      ---------
   Total Revenues                                116,813        105,685        362,755        301,259
                                               ---------      ---------      ---------      ---------

BENEFITS AND EXPENSES
Current and future insurance benefits             21,145         19,839         63,887         60,559
Interest credited to contractholders              33,489         20,598         88,845         54,675
Amortization of deferred acquisition costs        25,690         17,761         66,282         48,092
Operating expenses                                 4,651          4,085         15,847         11,150
                                               ---------      ---------      ---------      ---------
   Total Benefits and Expenses                    84,975         62,283        234,861        174,476
                                               ---------      ---------      ---------      ---------

Income before federal income taxes and
  cumulative effect of change in accounting
  principle                                       31,838         43,402        127,894        126,783

Federal income taxes                              10,715         15,177         44,186         44,332
                                               ---------      ---------      ---------      ---------
Income before cumulative effect of change
  in accounting principle                         21,123         28,225         83,708         82,451

Cumulative effect of change in accounting
  for  derivative instruments and hedging
  activities, net of tax                              --             --            (62)            --
                                               ---------      ---------      ---------      ---------

Net income                                     $  21,123      $  28,225      $  83,646      $  82,451
                                               =========      =========      =========      =========
</TABLE>

                  See Notes to Condensed Financial Statements.

                                       3
<PAGE>
                     THE TRAVELERS LIFE AND ANNUITY COMPANY

                             CONDENSED BALANCE SHEET
                                ($ in thousands)


<TABLE>
<CAPTION>
                                                  SEPTEMBER 30, 2001   DECEMBER 31, 2000
                                                     (UNAUDITED)
-----------------------------------------------------------------------------------------
<S>                                                 <C>                <C>
ASSETS
Investments (including $64,965 and $49,465
   subject to securities lending agreements)        $ 3,639,941          $ 2,922,162
Separate accounts                                     6,621,223            6,802,985
Deferred acquisition costs                              747,709              579,567
Other assets                                            279,918              190,903
                                                    -----------          -----------
   Total Assets                                     $11,288,791          $10,495,617
                                                    -----------          -----------

LIABILITIES
Future policy benefits                              $ 1,059,643          $   989,576
Contractholder funds                                  2,300,146            1,631,611
Separate accounts                                     6,621,223            6,802,985
Other liabilities                                       321,257              211,441
                                                    -----------          -----------
   Total Liabilities                                 10,302,269            9,635,613
                                                    -----------          -----------

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                                       509,712              426,066
Accumulated other changes in equity from
   nonowner sources                                      56,494               13,622
   Total Shareholder's Equity                       -----------          -----------
                                                        986,522              860,004
                                                    -----------          -----------

   Total Liabilities and Shareholder's Equity       $11,288,791          $10,495,617
                                                    ===========          ===========
</TABLE>

                  See Notes to Condensed Financial Statements.

                                       4
<PAGE>
                     THE TRAVELERS LIFE AND ANNUITY COMPANY

      CONDENSED STATEMENTS OF CHANGES IN RETAINED EARNINGS AND ACCUMULATED
                  OTHER CHANGES IN EQUITY FROM NONOWNER SOURCES
                                   (UNAUDITED)
                                ($ in thousands)




<TABLE>
<CAPTION>
                                                       THREE MONTHS ENDED               NINE MONTHS ENDED
                                                          SEPTEMBER 30,                    SEPTEMBER 30,
STATEMENT OF CHANGES IN  RETAINED EARNINGS            2001            2000             2001            2000
-------------------------------------------------------------------------------------------------------------
<S>                                                  <C>            <C>              <C>            <C>
Balance, beginning of period                         $488,589       $ 389,387        $426,066       $ 335,161
Net income                                             21,123          28,225          83,646          82,451
                                                     --------       ---------        --------       ---------
Balance, end of period                               $509,712       $ 417,612        $509,712       $ 417,612
                                                     --------       ---------        --------       ---------
-------------------------------------------------------------------------------------------------------------
STATEMENT OF ACCUMULATED OTHER CHANGES
IN EQUITY FROM NONOWNER SOURCES
--------------------------------------------------------------------------------------------------------------
Balance, beginning of period                         $ 12,598       $ (36,916)       $ 13,622       $ (39,312)
Cumulative effect of change in accounting for
   derivative instruments and hedging activities,
   net of tax                                              --              --              62              --
Unrealized gains, net of tax                           39,417          19,921          37,898          22,317
Derivative instrument hedging activity gains,
    net of tax                                          4,479              --           4,912              --
                                                     --------       ---------        --------       ---------
Balance, end of period                               $ 56,494       $ (16,995)       $ 56,494       $ (16,995)
                                                     --------       ---------        --------       ---------
-------------------------------------------------------------------------------------------------------------
SUMMARY OF CHANGES IN EQUITY
FROM NONOWNER SOURCES
-------------------------------------------------------------------------------------------------------------
Net income                                           $ 21,123       $  28,225        $ 83,646       $  82,451

Other changes in equity from nonowner sources          43,896          19,921          42,872          22,317
                                                     --------       ---------        --------       ---------

Total changes in equity from nonowner sources        $ 65,019       $  48,146        $126,518       $ 104,768
                                                     ========       =========        ========       =========
</TABLE>


                  See Notes to Condensed Financial Statements.

                                       5
<PAGE>
                     THE TRAVELERS LIFE AND ANNUITY COMPANY

                        CONDENSED STATEMENT OF CASH FLOWS
                           INCREASE (DECREASE) IN CASH
                                   (UNAUDITED)
                                ($ in thousands)


<TABLE>
<CAPTION>
                                                           NINE MONTHS ENDED
                                                             SEPTEMBER 30,
                                                          2001            2000
-----------------------------------------------------------------------------------
<S>                                                   <C>                <C>
NET CASH USED IN OPERATING ACTIVITIES                 $  (122,333)       $(102,988)
                                                      -----------        ---------

CASH FLOWS FROM INVESTING ACTIVITIES
   Proceeds from maturities of investments
      Fixed maturities                                     68,728          167,956
      Mortgage loans                                       15,798           19,258
   Proceeds from sales of investments
      Fixed maturities                                    679,852          741,015
      Equity securities                                     6,253           27,158
      Mortgage loans                                           --           15,260
      Real estate held for sale                               (36)           2,115
   Purchases of investments
      Fixed maturities                                 (1,428,928)      (1,286,107)
      Equity securities                                    (2,150)         (17,763)
      Mortgage loans                                         (368)         (10,010)
   Policy loans, net                                       (3,585)          (2,296)
   Short-term securities sales (purchases), net            89,515         (211,397)
   Other investment sales (purchases), net                    348           (3,133)
   Securities transactions in course of
   settlement, net                                         32,623           54,100
                                                      -----------        ---------
   Net cash used in investing activities                 (541,950)        (503,844)
                                                      -----------        ---------

CASH FLOWS FROM FINANCING ACTIVITIES
   Contractholder fund deposits                           791,306          448,906
   Contractholder fund withdrawals                       (122,771)         (76,778)
   Contribution by parent company                              --          250,000
                                                      -----------        ---------
   Net cash provided by financing activities              668,535          622,128
                                                      -----------        ---------

Net increase in cash                                        4,252           15,296

Cash at beginning of period                                14,938               21
                                                      -----------        ---------
Cash at end of period                                 $    19,190        $  15,317
                                                      -----------        ---------

SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION
   Income taxes (received) paid                       $   (20,911)       $  31,081
                                                      ===========        =========
</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 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. 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, 2000.

         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
         2001 presentation.


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

         ACCOUNTING FOR DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES

         Effective January 1, 2001, the Company adopted the Financial Accounting
         Standards Board (FASB) Statement of Financial Accounting Standards No.
         133, "Accounting for Derivative Instruments and Hedging Activities"
         (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. As a result of adopting FAS 133, the Company recorded a
         charge of $62 thousand after tax, reflected as a cumulative catch-up
         adjustment in the condensed statement of income and a benefit of $62
         thousand after tax, reflected as a cumulative catch-up adjustment in
         the accumulated other changes in equity from nonowner sources section
         of stockholder's equity.

                                       7
<PAGE>
                     THE TRAVELERS LIFE AND ANNUITY COMPANY

               NOTES TO CONDENSED FINANCIAL STATEMENTS (UNAUDITED)
                                   (CONTINUED)


         RECOGNITION OF INTEREST INCOME AND IMPAIRMENT ON PURCHASED AND RETAINED
         INTERESTS IN SECURITIZED FINANCIAL ASSETS

         In April 2001, the Company adopted the FASB Emerging Issues Task Force
         (EITF) EITF 99-20, "Recognition of Interest Income and Impairment on
         Purchased and Retained Interests in Securitized Financial Assets" (EITF
         99-20). EITF 99-20 establishes guidance on the recognition and
         measurement of interest income and impairment on certain investments,
         e.g., certain asset-backed securities. The recognition of impairment
         resulting from the adoption of EITF 99-20 was to be recorded as a
         cumulative catch-up adjustment. Interest income on beneficial interest
         falling within the scope of EITF 99-20 was to be recognized
         prospectively. EITF 99-20 had no effect on the Company's results of
         operations, financial condition or liquidity.

         BUSINESS COMBINATIONS, GOODWILL AND OTHER INTANGIBLE ASSETS

         In July 2001, the FASB issued 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. Other intangible
         assets that are not deemed to have an indefinite useful life will
         continue to be amortized over their useful lives. The Company will
         apply the new rules on accounting for goodwill and other intangible
         assets in the first quarter of 2002 and for purchase business
         combinations consummated after June 30, 2001 which will have no impact
         in 2001.

         The Company is in the process of evaluating certain intangible assets
         to determine whether they are deemed to have an indefinite useful life.
         During 2002, the Company will perform the required impairment test of
         goodwill and indefinite lived intangible assets as of January 1, 2002
         and has not yet determined what the effect of these tests will be on
         its results of operations, financial condition or liquidity.

         ASSET RETIREMENT OBLIGATIONS

         In June 2001, the FASB issued Statement of Financial Accounting
         Standards No. 143, "Accounting for Asset Retirement Obligations" (FAS
         143). FAS 143 changes the measurement of an asset retirement obligation
         from a cost-accumulation approach to a fair value approach, where the
         fair value (discounted value) of an asset retirement obligation is
         recognized as a liability in the period in which it is incurred and
         accretion expense is recognized using the credit-adjusted risk-free
         interest rate in effect when the liability was initially recognized.
         The associated asset retirement costs are capitalized as part of the
         carrying amount of the long-lived asset and subsequently amortized into
         expense. The pre-FAS 143 prescribed practice of reporting a retirement
         obligation as a contra-asset will no longer be allowed. The Company is
         in the process of assessing the impact of the new standard that will
         take effect on January 1, 2003.

                                       8
<PAGE>
                     THE TRAVELERS LIFE AND ANNUITY COMPANY

              NOTES TO CONDENSED FINANCIAL STATEMENTS (UNAUDITED)
                                  (CONTINUED)

         IMPAIRMENT OR DISPOSAL OF LONG-LIVED ASSETS

         In August 2001, the FASB issued 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, and 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 spinoff 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 Company will adopt FAS 144 effective January 1, 2002. The
         provisions of the new standard are generally to be applied
         prospectively and are not expected to materially affect the Company's
         results of operations, financial condition or liquidity.

3.       SHAREHOLDER'S EQUITY

         Statutory capital and surplus of the Company was $476 million at
         December 31, 2000. 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. The Company does not have surplus available to pay
         dividends to TIC in 2001 without prior approval of the 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.

         RESULTS OF OPERATIONS ($ in millions)

<TABLE>
<CAPTION>
         FOR THE NINE MONTHS ENDED SEPTEMBER 30,        2001           2000
                                                        ----           ----
<S>                                                   <C>            <C>
         Revenues                                     $362.8         $301.3

         Net income (1)                                $83.6          $82.4
</TABLE>

         (1)      Includes net realized investment gains/(losses) of $12.0
                  million and $(.1) million in 2001 and 2000, respectively.

         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), Primerica Financial
         Services (Primerica), affiliates of the Company, and a nationwide
         network of independent financial professionals. In addition, the
         Company distributes these products through CitiStreet Retirement
         Services and Citibank, N.A. (Citibank), affiliates of the Company. 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.

         Net income for the nine months ended September 30, 2001 was $83.6
         million, compared to $82.4 million for the nine months ended September
         30, 2000. Operating income, defined as income before net realized gains
         or losses on investments, decreased 14% to $71.7 million for the first
         nine months of 2001 from $82.5 million for the same period in the prior
         year. This decrease in operating earnings was attributable to interest
         credited to contractholders which increased 62% to $88.8 million in
         2001 versus $54.7 million in 2000, partially offset by increased
         investment income and fee revenue. Deferred acquisition cost
         amortization, which increased 38% to $66.3 million from $48.1 million
         in 2000, was due to the rapid increase in business volume over the last
         two years.

         The cashflows of the Company continue to be affected by the volume
         growth. Net cash provided by contractholder funds activity increased
         80% to $668.5 million in the nine months ended September 30, 2001 from
         $372.1 million in the nine months ended September 30, 2000, which was
         then used in investing activities. Also, net cash used in operations
         grew 19% to $122.3 million in the nine months ended September 30, 2001
         from $103.0 million in the nine months ended September 30, 2000 related
         to first year commission growth and other first year expenses.

         Realized investment gains and losses fluctuate based upon market
         conditions and investment portfolio yield considerations. Gross
         realized gains/(losses) for the nine months ended September 30, 2001
         and 2000 were $18.5 million and $(.1) million, respectively.

                                       10
<PAGE>
                     THE TRAVELERS LIFE AND ANNUITY COMPANY


         PREMIUMS AND DEPOSITS ($ in millions)

         FOR THE NINE MONTHS ENDED SEPTEMBER 30,         2001        2000
                                                        -----        ----

         Individual Annuity                           $2,328       $2,421
         Individual Life                                 223          143
         Other Annuity                                     5            8
                                                      ------       ------
                           Total                      $2,556       $2,572
                                                      ======       ======

         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.

         Individual annuity premiums and deposits decreased 4% related to
         variable annuity market conditions. Cross-selling initiatives at
         Citigroup continue with 40% and 24% of the September 30, 2001 amounts
         attributable to SSB and Primerica, respectively.

         The individual life premiums and deposits grew 56% to $223 million in
         2001 versus $143 million in 2000 reflecting strong traditional agency
         universal and life production. Of the September 30, 2001 premiums, 21%
         were attributable to SSB.

         Strong retention margins and steady sales, despite declining market
         conditions, drove policyholder benefit reserves, contractholder funds
         and separate account reserves to $10.0 billion at September 30, 2001,
         up from $9.4 billion at December 31, 2000.

         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 December 31, 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 Company does not have surplus available to pay
         dividends to its parent in 2001 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, 2001 and 2000.

         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.

                                       11
<PAGE>
                     THE TRAVELERS LIFE AND ANNUITY COMPANY

                           PART II - OTHER INFORMATION


         ITEM 6. EXHIBITS AND REPORTS ON FORM 8-K

         (a)  EXHIBITS.

         EXHIBIT NO.    DESCRIPTION

         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.

         (b)  REPORTS ON FORM 8-K.

         None.

                                       12
<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, 2001                /s/ Glenn D. Lammey
    ----------------------             -------------------------
                                       Glenn D. Lammey
                                       Executive Vice President,
                                       Chief Financial Officer and Chief
                                       Accounting Officer
                                       (Principal Financial Officer and
                                       Principal Accounting Officer)

                                       13