1 EXHIBIT 4(b)(1) Approval from State of Connecticut STATE OF CONNECTICUT INSURANCE DEPARTMENT April 18, 1997 Mr. Paul H. Eddy Deputy General Counsel & Assistant Secretary Travelers Insurance One Tower Square - 7PB Hartford, CT 06183 Re: Amendment No. 1 to the April 18, 1995 Limited Guarantee Agreement Between The Travelers Insurance Company ("TIC") and The Travelers Life and Annuity Company ("TLAC") Dear Mr. Eddy: The Company's April 7, 1997 request for approval of the subject Transaction submitted on a Form D is approved pursuant to Conn. Gen. Stat. (S) 13a-136(b)(1). Specifically, The Limited Guarantee Agreement, as amended, guarantees as to principal and interest the securities registered by TLAC in connection with the issuance of an additional $150 million of Modified Guaranteed Annuity Contracts in accordance with Rule S-2 of the SEC with respect to the registration of contracts. The Amendment is retroactively effective to November 25, 1996. In order to complete our files, please provide an executed copy of both the Limited Guarantee Agreement and its Amendment No. 1. Very truly yours, John J. D'Amato, CPA Accredited Financial Examiner Examiner Division Financial Analysis Unit 87726- Phone: (806) 297-3830 P.O. Box 816 Hartford, CT 06142-0816 An Equal Opportunity Employer