Exhibit 99.02

                                          The paragraph under the caption "Legal
                                        Proceedings" on page 25 of the Quarterly
                                       Report on Form 10-Q of Travelers Property
                                            Casualty Corp. for the quarter ended
                                               June 30, 1998 (File No. 1-14328).

      For information concerning nine purported class actions, with
substantially the same allegations, commenced in various courts against certain
subsidiaries of the Company, dozens of other insurers and the National Council
on Compensation Insurance ("NCCI"), see the description that appears in the
third paragraph under the caption "Legal Proceedings" beginning on page 53 of
the Annual Report on Form 10-K of the Company for the year ended December 31,
1997 (File No. 1-14328), which description is incorporated by reference herein.
A copy of the foregoing description is included as an exhibit to this Form 10-Q.
In May 1998, the Georgia action, which had been pending in the Superior Court,
Richmond County, was dismissed by that court. Commencing in April 1998, seven
additional purported class actions, with substantially the same allegations,
have been filed against subsidiaries of the Company, other insurers and the
NCCI. In April 1998, Dal-Tile Corporation, et al. v. NCCI et al. was filed in
the Superior Court, Riverside County, California. In May 1998, Sandwich Chef of
Texas, Inc., et al. v. Reliance National Insurance Company, et al. was filed in
Judicial District Court, Harris County, Texas and Alumax Inc., et al. v. Allianz
Insurance Company, et al. was filed in Circuit Court, Jefferson County, Alabama.
In June 1998, FFE Transportation Services, Inc., et al. v. NCCI, et al. was
filed in Superior Court, Richmond County, Georgia; American Association of
Retired Persons, et al. v. National Surety Corp., et al. was filed in Circuit
Court, Wayne County, Michigan; Payless Cashways, Inc., et al. v. National Surety
Corp., et al. was filed in Circuit Court, Fayette County, Kentucky; and Burnham
Service Corporation v. NCCI, et al. was filed in Supreme Court, New York County,
New York. Additionally, in June 1998, a non-class action, with substantially the
same allegations, entitled Albany International Corporation v. American National
Fire Insurance Company, et al. was filed against a subsidiary of the Company in
Superior Court, Maricopa County, Arizona. The Company intends to contest
vigorously all of the above-described cases.