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                                                                   Attachment B

Re:     Travelers' Corporate Owned Life Insurance ("COLI 2000")  (File No.
        333-94779)
        The Travelers Fund UL III for Variable Life Insurance

Dear Sir or Madam:

In my capacity as Actuary of The Travelers Insurance Company, I have provided
actuarial advice concerning Travelers' COLI 2000 product. I also provided
actuarial advice concerning the preparation of the Registration Statement on
Form S-6, File No. 333-94779 (the "Registration Statement") for filing with the
Securities and Exchange Commission under the Securities Act of 1933 in
connection with the Policy.

In my opinion the illustrations of benefits under the Policies included in the
prospectus under the caption "Illustrations of Death Benefit, Cash Values and
Cash Surrender Values" are, based on the assumptions stated in the
illustrations, consistent with the provisions of the Policies. Also, in my
opinion the age selected in the illustrations is representative of the manner
in which the Policies operate.

I hereby consent to the use of this opinion as an exhibit to the Registration
Statement.

Very truly yours,

Mark S. Reilly, FSA, MAAA
- -------------------------
Pricing Actuary
Product Development
April 18, 2000