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EXHIBIT 25.1
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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
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FORM T-1
STATEMENT OF ELIGIBILITY
UNDER THE TRUST INDENTURE ACT OF 1939 OF A
CORPORATION DESIGNATED TO ACT AS TRUSTEE
CHECK IF AN APPLICATION TO DETERMINE ELIGIBILITY OF A TRUSTEE
PURSUANT TO SECTION 305(B)(2)
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CITIBANK, N.A.
(EXACT NAME OF TRUSTEE AS SPECIFIED IN ITS CHARTER)
13-5266470
(I.R.S. EMPLOYER IDENTIFICATION NO.)
399 PARK AVENUE 10043
NEW YORK, NEW YORK (ZIP CODE)
(ADDRESS OF PRINCIPAL EXECUTIVE
OFFICE)
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HARTFORD LIFE, INC.
(EXACT NAME OF OBLIGOR AS SPECIFIED IN ITS CHARTER)
DELAWARE 06-1470915
(STATE OR OTHER JURISDICTION OF (I.R.S. EMPLOYER
INCORPORATION OR ORGANIZATION) IDENTIFICATION NO.)
200 HOPMEADOW STREET 06089
SIMSBURY, CONNECTICUT (ZIP CODE)
(ADDRESS OF PRINCIPAL EXECUTIVE
OFFICES)
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DEBT SECURITIES
(TITLE OF THE INDENTURE SECURITIES)
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ITEM 1. GENERAL INFORMATION.
Furnish the following information as to the trustee:
(a) Name and address of each examining or supervising authority to
which it is subject.
NAME ADDRESS
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Comptroller of the Currency Washington, D.C.
Federal Reserve Bank of New York New York, NY
33 Liberty Street
New York, NY
Federal Deposit Insurance Corporation Washington, D.C.
(b) Whether it is authorized to exercise corporate trust powers.
Yes.
ITEM 2. AFFILIATIONS WITH OBLIGOR.
If the obligor is an affiliate of the trustee, describe each such
affiliation.
None.
ITEM 16. LIST OF EXHIBITS.
List below all exhibits filed as a part of this Statement of Eligibility.
Exhibits identified in parentheses below, on file with the Commission, are
incorporated herein by reference as exhibits hereto.
Exhibit 1 -- Copy of Articles of Association of the Trustee, as now in
effect. (Exhibit 1 to T-1 to Registration Statement No. 2-79983)
Exhibit 2 -- Copy of certificate of authority of the Trustee to commence
business. (Exhibit 2 to T-1 to Registration Statement No. 2-29577).
Exhibit 3 -- Copy of authorization of the Trustee to exercise corporate
trust power. (Exhibit 3 to T-1 to Registration Statement No. 2-55519)
Exhibit 4 -- Copy of existing By-Laws of the Trustee. (Exhibit 4 to T-1 to
Registration Statement No. 33-34988)
Exhibit 5 -- Not applicable.
Exhibit 6 -- The consent of the Trustee required by Section 321(b) of the
Trust Indenture Act of 1939. (Exhibit 6 to T-1 to Registration Statement
No. 33-19227.)
Exhibit 7 -- Copy of the latest Report of Condition of Citibank, N.A. (as
of September 30, 1996 - attached)
Exhibit 8 -- Not applicable.
Exhibit 9 -- Not applicable.
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SIGNATURE
Pursuant to the requirements of the Trust Indenture Act of 1939, the
Trustee, Citibank, N.A., a national banking association organized and existing
under the laws of the United States of America, has duly caused this statement
of eligibility to be signed on its behalf by the undersigned, thereunto duly
authorized, all in The City of New York and State of New York, on the 14th day
of February, 1997.
CITIBANK, N.A.
By /s/ Kristine Prall
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Kristine Prall
Trust Officer
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CHARTER NO. 1461 COMPTROLLER OF THE CURRENCY
NORTHEASTERN DISTRICT
REPORT OF CONDITION CONSOLIDATING
DOMESTIC AND FOREIGN SUBSIDIARIES OF
CITIBANK, N.A.
Citibank, N.A. of New York in the State of New York, at the close of
businesses on September 30, 1996, published in response to call made by
Comptroller of the Currency, under Title 12, United States Code, Section 161.
Charter Number 1461 Comptroller of the Currency Northeastern District.
Thousands of dollars
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ASSETS
Cash and balances due from depository institutions:
Noninterest-bearing balances and currency and coin......................... $ 8,647,000
Interest-bearing balances...................................................... 13,006,000
Held-to-maturity securities.................................................... 0
Available-for-sale securities.................................................. 22,101,000
Federal funds sold and securities purchased under agreements to resell in
domestic offices of the bank and of its Edge and Agreement subsidiaries, and
in IBFs:
Federal funds sold......................................................... 4,263,000
Securities purchased under agreements to resell............................ 370,000
Loans and lease financing receivables:
Loans and Leases, net of unearned income................................... $ 147,806,000
LESS: Allowance for loan and lease losses.................................. 4,386,000
LESS: Allocated transfer risk reserve...................................... 0
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Loans and leases, net of unearned income, allowance, and reserve............... 143,420,000
Trading assets................................................................. 24,655,000
Premises and fixed assets (including capitalized leases)....................... 3,547,000
Other real estate owned........................................................ 708,000
Investments in unconsolidated subsidiaries and associated companies............ 1,220,000
Customers' liability to this bank on acceptances outstanding................... 2,270,000
Intangible assets.............................................................. 105,000
Other assets................................................................... 7,084,000
TOTAL ASSETS........................................................... $ 231,396,000
LIABILITIES
Deposits:
In domestic offices........................................................ $ 35,623,000
Noninterest-bearing........................................................ $ 13,178,000
Interest-bearing........................................................... 22,445,000
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In foreign offices, Edge and Agreement subsidiaries, and IBFs.................. 130,945,000
Noninterest-bearing........................................................ 8,792,000
Interest-bearing........................................................... 122,153,000
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Federal funds purchased and securities sold under agreements to repurchase in
domestic offices of the bank and of its Edge and Agreement subsidiaries, and
in IBFs:
Federal funds purchased.................................................... 1,872,000
Securities sold under agreements to repurchase............................. 398,000
Demand notes issued to the U.S. Treasury................................... 0
Trading liabilities............................................................ 17,042,000
Other borrowed money:
With a remaining maturity of one year or less.............................. 9,839,000
With a remaining maturity of more than one year............................ 4,014,000
Mortgage indebtedness and obligations under capitalized leases................. 137,000
Bank's liability on acceptances executed and outstanding....................... 2,316,000
Subordinated notes and debentures.............................................. 4,700,000
Other liabilities.............................................................. 8,549,000
TOTAL LIABILITIES...................................................... $ 215,435,000
Limited-life preferred stock and related surplus............................... 0
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EQUITY CAPITAL
Perpetual preferred stock and related surplus.................................. 0
Common stock................................................................... $ 751,000
Surplus........................................................................ 6,895,000
Undivided profits and capital reserve.......................................... 8,308,000
Net unrealized holding gains (losses) on available-for-sale securities......... 590,000
Cumulative foreign currency translation adjustments............................ (583,000)
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TOTAL EQUITY CAPITAL................................................... $ 15,961,000
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TOTAL LIABILITIES, LIMITED-LIFE PREFERRED STOCK, AND EQUITY CAPITAL.... $ 231,396,000
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I, ROGER W. TRUPIN, Controller of the above named bank do hereby declare
that this Report of Condition is true and correct to the best of my knowledge
and belief.
ROGER W. TRUPIN
CONTROLLER
We, the undersigned directors, attest to the correctness of this Report of
Condition. We declare that it has been examined by us, and to the best of our
knowledge and belief has been prepared in conformance with the instructions and
is true and correct.
PAUL J.
COLLINS
JOHN S. REED
WILLIAM R.
RHODES
DIRECTORS