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                          FORM 8-K

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

Date of Report (Date of earliest event reported):  March 17, 2004
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                 CIGNA INVESTMENT SECURITIES
                 ---------------------------
      (Exact name of registrant as specified in its charter)

     Massachusetts                     811-2299                   23-1886274
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(State or other jurisdiction      (Commission                  (IRS Employer
         of incorporation)          File Number)             Identification No.)

3 Newton Executive Park, Suite 200, Newton, MA                 02462
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 (Address of principal executive offices)                     (Zip Code)

Registrant's telephone number, including area code:  (860) 534-5576
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CIGNA INVESTMENT SECURITIES, INC., 100 Front Street, Suite 300,
                 Worcester, MA  01608
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  (Former name or former address, if changed since last report)


Item 5.  Other Events and Regulation FD Disclosure.

TimesSquare Capital Management, Inc. ("TimesSquare") serves as the investment
adviser to CIGNA Investment Securities (the "Fund"). TimesSquare is a
wholly-owned subsidiary of CIGNA Corporation ("CIGNA"). CIGNA, in considering
its strategic alternatives, may sell TimesSquare or pursue other options.

The Fund will provide additional information as soon as definitive decisions are
made. In the meantime, Management expects the operations of the Fund to continue
uninterrupted.

                                   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 hereunto duly authorized.

                                                 CIGNA INVESTMENT SECURITIES
                                                 ----------------------------
                                                 (Registrant)


Date:  March 17, 2004                             By:  /s/ Jeffrey S. Winer
                                                     ---------------------------
                                                         Jeffrey S. Winer
                                                    Vice President and Secretary