================================================================================


                                    FORM 11-K

                                  UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION

                             Washington, D.C. 20549

                                ----------------

(Mark One)

[X]   ANNUAL REPORT PURSUANT TO SECTION 15(d) OF THE SECURITIES EXCHANGE ACT
      OF 1934

                      For the year ended December 31, 2003


                                       OR

[ ]   TRANSITION REPORT PURSUANT TO SECTION 15(d) OF THE SECURITIES EXCHANGE ACT
      OF 1934

          For the transition period from ____________ to ______________


                        Commission file number 001-13958


A.    Full title of Plan and the address of the Plan, if different from that of
      the issuer named below:



                    THE HARTFORD INVESTMENT AND SAVINGS PLAN

B.    Name of issuer of the securities held pursuant to the Plan and the address
      of its principal executive office:



                   THE HARTFORD FINANCIAL SERVICES GROUP, INC.
                HARTFORD PLAZA, HARTFORD, CONNECTICUT 06115-1900


                    THE HARTFORD INVESTMENT AND SAVINGS PLAN

                                TABLE OF CONTENTS

                           DECEMBER 31, 2003 AND 2002



                                                                                                                    Page No(s).
                                                                                                                    -----------
                                                                                                                 
Report of Independent Registered Public Accounting Firm                                                                F-1

Statements of Net Assets Available for Benefits as of December 31, 2003 and 2002                                       F-2

Statement of Changes in Net Assets Available for Benefits for the Year Ended December 31, 2003                         F-3

Notes to Financial Statements                                                                                          F-4 - F-8

Supplemental Schedule:

     Form 5500 Schedule H, Part IV, Line 4i - Schedule of Investment Assets Held at December 31, 2003                  F-9 - F-11

Signature                                                                                                              F-12

EXHIBITS

                  Exhibit 23.1 - Consent of Independent Registered Public Accounting Firm                              F-13


             REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM

To the Plan Administrator and Participants of
The Hartford Investment and Savings Plan
Hartford, Connecticut

We have audited the accompanying statements of net assets available for benefits
of The Hartford Investment and Savings Plan (the "Plan") as of December 31, 2003
and 2002, and the related statement of changes in net assets available for
benefits for the year ended December 31, 2003. These financial statements are
the responsibility of the Plan's management. Our responsibility is to express an
opinion on these financial statements based on our audits.


We conducted our audits in accordance with standards of the Public Company
Accounting Oversight Board (United States) and in accordance with generally
accepted auditing standards as established by the Auditing Standards Board
(United States). Those standards require that we plan and perform the audit to
obtain reasonable assurance about whether the financial statements are free of
material misstatement. An audit includes examining, on a test basis, evidence
supporting the amounts and disclosures in the financial statements. An audit
also includes assessing the accounting principles used and significant estimates
made by management, as well as evaluating the overall financial statement
presentation. We believe that our audits provide a reasonable basis for our
opinion.


In our opinion, such financial statements present fairly, in all material
respects, the net assets available for benefits of the Plan as of December 31,
2003 and 2002, and the changes in net assets available for benefits for the year
ended December 31, 2003 in conformity with accounting principles generally
accepted in the United States of America.

Our audits were conducted for the purpose of forming an opinion on the basic
financial statements taken as a whole. The supplemental schedule listed in the
Table of Contents is presented for the purpose of additional analysis and is not
a required part of the basic financial statements, but is supplementary
information required by the Department of Labor's Rules and Regulations for
Reporting and Disclosure under the Employee Retirement Income Security Act of
1974. This schedule is the responsibility of the Plan's management. Such
schedule has been subjected to the auditing procedures applied in our audit of
the basic 2003 financial statements and, in our opinion, is fairly stated in all
material respects when considered in relation to the 2003 basic financial
statements taken as a whole.

DELOITTE & TOUCHE LLP

Hartford, Connecticut
June 15, 2004

                                       F-1

                                                                 EIN# 06-0383750
                                                                       PLAN# 100

                    THE HARTFORD INVESTMENT AND SAVINGS PLAN
                 STATEMENTS OF NET ASSETS AVAILABLE FOR BENEFITS
                        AS OF DECEMBER 31, 2003 AND 2002
                                ($ IN THOUSANDS)



                                                                             2003           2002
                                                                             ----           ----
                                                                                   
ASSETS
     Investments, at fair value:
         The Hartford Financial Services Group,
             Inc. common stock (12,407,353 and 12,614,388
             shares at December 31, 2003 and 2002, respectively)          $  732,406     $  573,072
         Index Fund                                                          215,466        161,818
         Mutual funds                                                        481,815        315,052
         Pooled temporary investments                                         25,706         31,847
         Group annuity contracts, at contract value                          485,877        450,019
         Loans receivable                                                     34,545         34,984
                                                                          ----------     ----------
               Total Investments                                           1,975,815      1,566,792
     Dividends and interest receivable                                         5,609          3,442
                                                                          ----------     ----------
                TOTAL ASSETS                                               1,981,424      1,570,234
LIABILITIES
     Unsettled security purchases - net                                           --          1,924
     Other liabilities                                                           456            688
                                                                          ----------     ----------
                TOTAL LIABILITIES                                                456          2,612
                                                                          ----------     ----------
NET ASSETS AVAILABLE FOR BENEFITS                                         $1,980,968     $1,567,622
                                                                          ==========     ==========



See Notes to Financial Statements.

                                       F-2

                                                                 EIN# 06-0383750
                                                                       PLAN# 100

                    THE HARTFORD INVESTMENT AND SAVINGS PLAN
            STATEMENT OF CHANGES IN NET ASSETS AVAILABLE FOR BENEFITS
                      FOR THE YEAR ENDED DECEMBER 31, 2003
                                ($ IN THOUSANDS)



                                                                  2003
                                                                  ----
                                                            
ADDITIONS TO NET ASSETS ATTRIBUTED TO:
     Investment income:
         Net realized gains and change in unrealized gains     $  320,100
         Dividends and interest                                    44,769
                                                               ----------
              Total investment gains                              364,869
     Interest on participant loans                                  2,339
     Employee contributions                                        86,476
     Employer contributions, net of forfeitures                    35,033
     Rollover contributions                                         8,149
     Other, net                                                     2,109
                                                               ----------
              TOTAL ADDITIONS                                     498,975

DEDUCTIONS FROM NET ASSETS ATTRIBUTED TO:

     Benefits paid to members                                      81,471
     Administrative expenses                                        4,158
                                                               ----------
              TOTAL DEDUCTIONS                                     85,629
                                                               ----------
NET INCREASE                                                      413,346
                                                               ----------
Net assets available for benefits
     Beginning of Year                                          1,567,622
                                                               ----------
     END OF YEAR                                               $1,980,968
                                                               ==========



See Notes to Financial Statements.

                                       F-3

                    THE HARTFORD INVESTMENT AND SAVINGS PLAN
                          NOTES TO FINANCIAL STATEMENTS

                           DECEMBER 31, 2003 AND 2002

                                ($ IN THOUSANDS)

NOTE 1. DESCRIPTION OF THE PLAN

The following description of The Hartford Investment and Savings Plan (the
"Plan") is provided for general information purposes only. Participants should
refer to the Plan document for more complete information.

The Hartford Financial Services Group, Inc., a Delaware corporation, and its
consolidated subsidiaries (collectively, "The Hartford" or the "Company")
provide investment products and life and property and casualty insurance to both
individual and commercial customers in the United States and internationally.
The Plan Sponsor, Hartford Fire Insurance Company, is a wholly owned subsidiary
of The Hartford.

Information with regard to eligibility, contributions, distributions, vesting,
trustees, withdrawals, loans, fund redistribution and definitions of all
capitalized terms are contained in the Plan's information document, which has
been distributed to the participants.

Plan Changes

There have been several amendments to the Plan document during 2003. See Note 9
for a general description of the changes.

General

The Plan is a defined contribution plan covering substantially all full-time and
part-time employees of the Company who have attained age 19. The Plan is subject
to the provisions of the Employee Retirement Income Security Act of 1974
("ERISA").

The Trust, as defined in the Plan document, is the aggregate funds held by the
Trustee, State Street Bank and Trust Company (Deutsche Bank Trust Company prior
to January 1, 2003), under the trust agreement established for the purposes of
this Plan.

Contributions

Plan members may generally elect to save 2% to 30% of base salary. Members may
designate their savings as before-tax, after-tax or a combination of both.
Members who are highly compensated employees may have contribution limits of
less than 30% due to the operation of certain tests required under the Internal
Revenue Code of 1986, as amended (the "Code").

Basic Before-Tax Savings are contributions which are not in excess of the first
6% of base salary. For employees who have completed at least six months of
service, an amount equal to 50% of a member's Basic Before-Tax Savings is
matched by the Company. Members' savings in excess of 6% of base salary are
supplemental savings that are not matched by Company contributions. In addition,
the Company allocates 0.5% of base salary ("Floor Company contributions") to the
Floor Company Contribution Account of each eligible employee who has completed
at least six months of service.

Administrative Costs

The Trust pays certain administrative expenses of the Plan up to 0.25% of the
market value of Trust assets. Expenses not paid by the Trust are borne by the
Company.

Member Accounts

Each member's account is credited with that member's contributions and
allocations of (a) the Company's contribution and (b) Plan earnings, and is
charged with an allocation of administrative expenses. Allocations are based on
member earnings or account balances, as defined in the Plan document. The
benefit to which a member is entitled is the benefit that can be provided from
that member's vested account.

                                       F-4

                    NOTES TO FINANCIAL STATEMENTS (CONTINUED)
                                ($ IN THOUSANDS)

Vesting

Floor contributions are 100% vested when allocated to a member's account.
Vesting in Company matching contributions begins one year after employment at
20% and increases 20% each consecutive year until the fifth consecutive year of
employment when 100% is vested. Notwithstanding the foregoing statement, a
member becomes fully vested in such member's Company contribution account upon
retirement (for certain members), disability, death, or upon reaching age 65, or
the complete discontinuance of Company contributions or upon termination of the
Plan.

Investment Options

Contributions of member savings and Company contributions are invested in any of
the 16 funds in multiples of 1%, as elected by the member ("member directed
investments").

All investment options are party-in-interest with The Hartford or certain of its
subsidiaries. See Note 8 for further discussion.

Participant Loans

Members may borrow from their fund accounts a minimum of $1 to a maximum equal
to the lesser of $50 or 50% of their vested account balances. Loan transactions
are treated as transfers between the investment funds and the loan fund. Loan
terms range from one to five years, or up to 15 years for the purchase of a
primary residence. The loan is secured by the balance in the member's account
and bears interest at the prime rate in the 3-month period the loan originates
(as published in the Wall Street Journal) plus 1% and is fixed for the term of
the loan.

Payment of Benefits

On termination of service due to death, disability, retirement, or other
reasons, members or their designated beneficiaries may elect to receive either a
lump sum amount equal to the value of the vested interest in their respective
accounts; annual installments over a period not greater than thirty years
(subject to certain conditions); annual installments over the recipient's life
expectancy; or stock distributions. Members or their designated beneficiaries
may also elect to defer distributions subject to certain conditions.

Forfeitures

At December 31, 2003 and 2002, forfeited non-vested accounts totaled $1,046 and
$682, respectively. These forfeitures are applied to reduce future employer
contributions. During the year ended December 31, 2003, employer contributions
were reduced by $983 from forfeitures.

NOTE 2.  ACCOUNTING POLICIES

Basis of Accounting

The accompanying financial statements have been prepared in accordance with
accounting principles generally accepted in the United States of America and the
Department of Labor Rules and Regulations for Reporting and Disclosure under
ERISA.

Use of Estimates

The preparation of financial statements in conformity with accounting principles
generally accepted in the United States of America requires management of the
Plan to make estimates and assumptions that affect the reported amounts of
assets and liabilities and changes therein, and disclosure of contingent assets
and liabilities at the date of the financial statements and the reported amounts
of additions and deletions during the reporting period. Actual results could
differ from those estimates.

                                       F-5

                    NOTES TO FINANCIAL STATEMENTS (CONTINUED)
                                ($ IN THOUSANDS)

Investment Valuation and Income Recognition

The Plan utilizes various investment instruments, including mutual funds,
company stock and investment contracts. Investment securities, in general, are
exposed to various risks, such as interest rate, credit and overall market
volatility. Due to the level of risk associated with certain investment
securities, it is possible that changes in the values of investment securities
may occur in the near term.

The Plan's investments are stated at fair value except for its investment in
group annuity contracts, which is valued at contract value (see Note 4). The
fair value of the common stock of The Hartford Financial Services Group, Inc.
Stock Fund is based on quoted market prices. Mutual funds and pooled temporary
investment funds are valued at the net asset value of shares held by the Plan at
year end. Participant loans are valued at their outstanding balances, which
approximate fair value. Purchases and sales of securities are recorded on a
trade-date basis. Interest income is recorded as earned on the accrual basis.
Dividends are recorded on the ex-dividend date.

Payment of Benefits

Benefits are recorded when paid.

Contributions

Employee and employer matching contributions are recorded in the period during
which the Company makes payroll deductions from participants' compensation.

NOTE 3. INVESTMENTS

The following investments represented 5% or more of the fair value of the Plan's
net assets at the end of the Plan year:



                                                                                  DECEMBER 31,
                                                                             ---------------------
                                                                               2003         2002
                                                                               ----         ----
                                                                                    
The Hartford Financial Services Group, Inc. common stock (12,407,353 and
  12,614,388 shares at December 31, 2003 and 2002, respectively)             $732,406     $573,072
Index Fund                                                                    215,466      161,818
Mutual Funds: Capital Appreciation HLS Fund                                   100,069            *
Group Annuity Contracts:
     JPMorgan Chase Bank #AITTH01                                             121,246      114,615
     Transamerica Life Insurance & Annuity Company #TDA76592TR                 90,891       86,732
     UBS AG Group Annuity Contract #3024                                      105,052       99,599


* Investment did not represent 5% or more of the fair value of the Plan's net
assets at the end of this Plan year.

For the year ended December 31, 2003 the Plan's net realized gains and the
change in unrealized gains are comprised of the following:


                                                          
The Hartford Financial Services Group, Inc. common stock     $180,707
Index Fund                                                     47,357
Mutual funds                                                   92,036
                                                             --------
Net realized gains and change in unrealized gains            $320,100
                                                             ========




                                       F-6

                    NOTES TO FINANCIAL STATEMENTS (CONTINUED)
                                ($ IN THOUSANDS)

NOTE 4.  INVESTMENTS IN GROUP ANNUITY CONTRACTS

The Plan has entered into numerous traditional and synthetic group annuity
contracts primarily with insurance carriers. These contracts, which are included
in the Stable Value Fund, are fully benefit-responsive and are included in the
financial statements at contract value. Fully benefit-responsive contracts
provide for a stated return on principal invested over a specified period and
permit withdrawals at contract value for benefit payments, loans, or transfers.
Contract value represents contributions made under the contract, plus earnings,
less Plan withdrawals and administrative expenses. As of December 31, 2003 and
2002, the estimated contract value of the group annuity contracts, approximating
the fair market value, was $485,877 and $450,019, respectively. There are no
reserves against contract value for credit risk of contract issuer. The average
yield and weighted average crediting interest rate on these contracts were 5.17%
for the year ended December 31, 2003. Crediting interest rates are generally
reset quarterly for synthetic contracts and are reset based on formulas which
may use market value, book value, duration and yield. A synthetic group annuity
contract is an investment contract that simulates the performance of a
traditional group annuity contract through the use of financial instruments. The
key difference between a synthetic group annuity contract and a traditional
group annuity contract is that the Plan owns the assets underlying the synthetic
group annuity contract and traditional group annuity contracts have fixed
crediting interest rates.

NOTE 5.  FEDERAL INCOME TAX STATUS

The Internal Revenue Service has determined and informed the Company by letter
dated February 25, 1998, and again on March 23, 2004, that the Plan and related
Trust are designed in accordance with applicable sections of the Internal
Revenue Code (IRC). The Plan has been amended since receiving the determination
letter. However, the Company and the Plan Administrator believe that the Plan is
designed and is currently being operated in compliance with the applicable
requirements of the IRC.

NOTE 6.  PLAN TERMINATION

Although the Company has not expressed any intent to do so, the Company has the
right under the Plan to suspend, reduce, or partially or completely discontinue
its contributions at any time and to terminate the Plan, the Trust agreement and
the Trust hereunder, subject to the provisions of ERISA. In the event of
termination or partial termination of the Plan or complete discontinuance of
contributions, the interests of affected members shall automatically become
fully-vested.

NOTE 7.  RECONCILIATION OF FINANCIAL STATEMENTS TO FORM 5500

Amounts allocated to withdrawing members are recorded on Form 5500 for benefit
claims that have been processed and approved for payment, but not paid, prior to
the end of the Plan year. However, these amounts are not recorded in the Plan's
financial statements until they have been paid. As of December 31, 2003 and
2002, the following is a reconciliation of net assets available for plan
benefits according to the accompanying financial statements to Form 5500:



                                                                                2003             2002
                                                                                ----             ----
                                                                                       
Net assets available for benefits per accompanying financial statements     $ 1,980,968      $ 1,567,622
Amounts allocated to withdrawing members                                            (54)            (352)
                                                                            -----------      -----------
Net assets available for plan benefits per Form 5500                        $ 1,980,914      $ 1,567,270
                                                                            ===========      ===========


The following is a reconciliation of benefits paid to members according to the
accompanying financial statements to the amounts reflected in the Form 5500 for
the year ended December 31, 2003:



                                                                     2003
                                                                     ----
                                                                
Benefits paid to members per accompanying financial statements     $ 81,471
Amounts allocated to withdrawing members at beginning of year          (352)
Amounts allocated to withdrawing members at end of year                  54
                                                                   --------
Benefits paid to members per Form 5500                             $ 81,173
                                                                   ========







                                       F-7

                    NOTES TO FINANCIAL STATEMENTS (CONTINUED)
                                ($ IN THOUSANDS)

NOTE 8.  PARTY-IN-INTEREST TRANSACTIONS

Certain Plan investments are in funds managed by State Street Bank Trust
Company, the Trustee, and certain subsidiaries of The Hartford. Fees paid by the
Plan for Trustee, custodial and investment management services provided by the
Trustee amounted to $874 for the year ended December 31, 2003. Fees paid by the
Plan to certain subsidiaries of the Company for investment management services
and the issuance of group annuity contracts amounted to $60 for the year ended
December 31, 2003. In addition, certain Plan investments are shares of mutual
funds that are sponsored by The Hartford and shares of The Hartford's common
stock. At December 31, 2003 and 2002, the Plan held 12,407,353 shares and
12,614,388 shares of common stock of The Hartford with a cost basis of $475,888
and $479,646, respectively. During the year ended December 31, 2003, the Plan
recorded dividend income from The Hartford's common stock and mutual funds of
$19,576.

NOTE 9.  PLAN AMENDMENTS

Effective January 1, 2003 the following changes were made to the Plan:

      -     The annual before-tax savings limit in the Plan increased from $11
            to $12 for 2003 and the amount of before-tax money that may be
            contributed was increased by $1 each year until the limit reaches
            $15 in 2006. This limit will increase for inflation in $0.5
            increments after 2006. The total annual contribution limit for
            combined before- and after- tax savings remained at $40.

      -     Deutsche Bank was replaced by State Street Bank and Trust Company as
            Trustee of the Plan Trust.

      -     The plan year changed from a fiscal year ending December 30 to a
            calendar year ending December 31.

      -     The dollar threshold for determining highly compensated employees
            has increased from $85 to $90. This determination is based on a
            member's prior year earnings.

      -     If a member dies after requesting benefit payments in the form of
            periodic installments but before all installment payments are paid,
            the beneficiary (either spouse or non-spouse) has the option to
            receive the remaining benefit in a lump sum or installments.

      -     Terminated members have the option to continue to make loan
            repayments.

On July 10, 2003, participant balances in the amount of $223 from the 401(k)
Plan of Access Coveragecorp Inc. (a wholly owned subsidiary of The Hartford)
were merged into the Plan.


NOTE 10. SUBSEQUENT EVENTS

Effective January 1, 2004, the following changes were made to the Plan:

      -     The Floor Company Contribution increased from 0.5% to 1.5% for
            non-highly compensated Plan members. Floor Company Contributions
            made after January 1, 2004 are not available for in-service
            withdrawals prior to age 59-1/2.

      -     The default investment option for Floor Company Contributions made
            after January 1, 2004 is The Hartford Money Market HLS Fund, for
            Plan members who have not made an employer investment election.

      -     The minimum loan amount decreased from $1.0 to $0.5.

      -     Certain employees of Planco Financial Services, Inc., a wholly
            owned subsidiary of The Hartford, became eligible to participate in
            the Plan. These Plan members are not eligible to receive Matching
            Company contributions or Floor Company contributions.



                                       F-8

                                                                 EIN# 06-0383750
                                                                       PLAN# 100

         THE HARTFORD INVESTMENT AND SAVINGS PLAN SUPPLEMENTAL SCHEDULE
 FORM 5500, SCHEDULE H, PART IV, LINE 4I - SCHEDULE OF INVESTMENT ASSETS HELD AT
                                DECEMBER 31, 2003
                                ($ IN THOUSANDS)




                                        (C)  DESCRIPTION OF INVESTMENT INCLUDING
                                                 MATURITY DATE, RATE OF                                               (E) CURRENT
(A)    (B) IDENTITY OF PARTY             INTEREST, COLLATERAL, PAR OR MATURITY VALUE                    (D) COST           VALUE
---    ---------------------             -------------------------------------------                    --------           -----
                                                                                                        
       The Hartford Financial Services Group, Inc. Stock Fund

*      The Hartford Financial       The Hartford Financial Services Group, Inc. common stock
          Services Group, Inc.      (12,407,353 shares)                                              $     ***      $     732,406
*      State Street Bank and Trust  State Street Cash Fund- STIF                                           ***              2,443
                                                                                                                       -----------
                                             SUBTOTAL STOCK FUND                                                          734,849
                                                                                                                       -----------
       Index Fund
*      Hartford Life Insurance
          Company                   Index Fund, Fund # NCD5                                                ***            215,466
                                                                                                                       -----------
                                             SUBTOTAL INDEX FUND                                                          215,466
                                                                                                                       -----------

*        Stable Value Fund (group   Stable Value Fund, Fund #NCD6, including the following
         annuity contracts)         group annuity contracts:

*      The Hartford Financial       Business Mens Assurance Group Annuity Contract #1412, 7.64%,
           Services Group, Inc.     11/30/2004                                                             ***             11,579
*      The Hartford Financial       Canada Life Assurance Company Group Annuity Contract #P46092,
           Services Group, Inc.     5.77%, 4/10/2006                                                       ***              7,807
*      The Hartford Financial       General Electric Capital Assurance Company Group Annuity
           Services Group, Inc.     Contract #GS3614, 5.92%, 6/01/2006                                     ***              5,738
*      The Hartford Financial       Monumental Life Insurance Company Group Annuity Contract
           Services Group, Inc.     #MDA00380TR, 4.13%, 1/31/2014                                          ***             49,212
*      The Hartford Financial
           Services Group, Inc.      JPMorgan Chase Bank Group Annuity Contract #AITTH01, 5.26% **         ***            121,246
*      The Hartford Financial        Principal Life Insurance Company Group Annuity Contract
           Services Group, Inc.     #4-36623, 5.78%, 01/21/2004                                            ***              5,941
*      The Hartford Financial       Caisse des Depots et Consignations Group Annuity Contract #WR
           Services Group, Inc.     1879-01, 3.40%, 01/31/2014                                             ***              7,126
*      The Hartford Financial       Security Benefit Life Insurance Company Group Annuity Contract
           Services Group, Inc.     #G-0105, 6.46%, 1/25/2006                                              ***              7,805
*      The Hartford Financial       Monumental Life Insurance Company Group Annuity Contract
           Services Group, Inc.     #ADA00212TR, 5.37% **                                                  ***             73,480
*      The Hartford Financial       Transamerica Life Insurance & Annuity Company Group Annuity
           Services Group, Inc.     Contract #TDA76592TR, 4.91%, 1/31/2014                                 ***             90,891
*      The Hartford Financial
           Services Group, Inc.     UBS AG Group Annuity Contract #3024, 5.13% **                          ***            105,052
                                                                                                                       -----------
                                             SUBTOTAL GROUP ANNUITY CONTRACTS                                             485,877
                                                                                                                       -----------




* Indicates party-in-interest.

** These synthetic portfolios have no final maturity. Final maturity is based on
the underlying assets in the bond portfolios.

*** Cost information is not required for member directed investments, and
therefore is not included.

                                       F-9



                                   (C)  DESCRIPTION OF INVESTMENT INCLUDING
                                        MATURITY DATE, RATE OF INTEREST,                            (E) CURRENT
(A)   (B) IDENTITY OF PARTY             COLLATERAL, PAR OR MATURITY VALUE             (D) COST           VALUE
---   ---------------------             ---------------------------------             --------           -----
                                                                                      
*     State Street Bank and        Hartford STIF                                    $       ***   $       14,874
      Trust

                                                                                                  --------------
                                            SUBTOTAL STABLE VALUE FUND                                   500,751
                                                                                                  --------------

      MUTUAL FUNDS:


      Stock HLS Fund


*     The Hartford Financial       Hartford Series Fund Inc. Stock HLS Fund,
         Services Group, Inc.      Class IA shares, Fund # NCD2                             ***            6,716

      Advisers HLS Fund


*     The Hartford Financial       Hartford Series Fund, Inc. Advisers HLS Fund,
         Services Group, Inc.        Class IA shares, Fund # NCC5                           ***           61,198


      Bond HLS Fund


*     The Hartford Financial       Hartford Series Fund, Inc. Bond HLS Fund,                ***           39,599
         Services Group, Inc.       Class IA shares, Fund #NCC3


      Money Market HLS Fund


*     The Hartford Financial       Hartford Series Fund, Inc. Money Market HLS              ***           33,138
         Services Group, Inc.       Fund, Class IA shares, Fund #NCD1


      Dividend and Growth
         HLS Fund


*     The Hartford Financial       Hartford Series Fund, Inc. Dividend and Growth           ***           41,479
         Services Group, Inc.       HLS Fund, Class IA shares, Fund #NCD4


      International Opportunities HLS Fund


*     The Hartford Financial       Hartford Series Fund, Inc. International                 ***           20,027
       Services Group, Inc.         Opportunities HLS Fund, Class IA shares, Fund
                                    #NCC6


      Capital Appreciation HLS Fund


*     The Hartford Financial       Hartford Series Fund, Inc. Capital                       ***          100,069
      Services Group, Inc.          Appreciation HLS Fund, Class IA shares, Fund
                                    #NCD3

      Small Company HLS Fund


*     The Hartford Financial       Hartford Series Fund, Inc. Small Company HLS             ***           49,174
         Services Group, Inc.       Fund Class IA shares, Fund #NCC1


      MidCap HLS Fund


*     The Hartford Financial       Hartford Series Fund, Inc. MidCap HLS Fund,
         Services Group, Inc.       Class IA shares, Fund #NCC2                             ***           80,295




------------------------
*     Indicates party-in-interest.

**    These synthetic portfolios have no final maturity. Final maturity is based
      on the underlying assets in the bond portfolios.


***   Cost information is not required for member directed investments, and
      therefore is not included.

                                      F-10

                                                                 EIN# 06-0383750

                                                                       PLAN# 100



                                   (C)  DESCRIPTION OF INVESTMENT INCLUDING
                                        MATURITY DATE, RATE OF INTEREST,                                  (E) CURRENT
(A)   (B) IDENTITY OF PARTY             COLLATERAL, PAR OR MATURITY VALUE           (D)  COST                 VALUE
---   ---------------------             ---------------------------------           ---------                 -----

                                                                                           
      High Yield HLS Fund

*     The Hartford Financial        Hartford Series Fund, Inc. High Yield HLS
         Services Group, Inc.       Fund, Class IA shares, Fund #NCC4              $         ***       $        11,944

      Global Leaders HLS Fund

*     The Hartford Financial        Hartford Series Fund, Inc. Global Leaders HLS
         Services Group, Inc.       Fund, Class IA shares, Fund #NCC7                        ***                14,375

      Global Health HLS Fund

*     The Hartford Financial       Hartford Series Fund, Inc. Global Health HLS
         Services Group, Inc.      Fund, Class IA shares, Fund #NCC9                         ***                 9,826
      Global Technology HLS
         Fund

*     The Hartford Financial        Hartford Series Fund, Inc. Global Technology
         Services Group, Inc.       HLS Fund, Class IA shares, Fund #NCC8                    ***                13,975
                                                                                                          -------------
                                            SUBTOTAL MUTUAL FUNDS                                              481,815
                                                                                                          -------------
      Cash Fund - STIF

*     State Street Bank and

         Trust                     State Street STIF                                         ***                 1,873
                                                                                                          -------------
                                            SUBTOTAL CASH FUND                                                   1,873
                                                                                                          -------------

      Clearing Account

*     State Street Bank and

        Trust                      Clearing Account, Fund # NCD8                             ***                 6,516
                                                                                                          -------------
                                            SUBTOTAL CLEARING ACCOUNT                                            6,516
                                                                                                          -------------

      Loan Fund

*     Plan Participants            Loans Receivable from Participants, maturing
                                   at various dates bearing interest at rates
                                   from 5.00% - 11.50%                                       N/A                34,545
                                                                                                          -------------
                                            SUBTOTAL LOAN FUND                                                  34,545
                                                                                                          -------------

                                                                                                          -------------
                                            TOTAL                                                      $     1,975,815
                                                                                                          -------------








---------------------------------
*     Indicates party-in-interest.

**    These synthetic portfolios have no final maturity. Final maturity is based
      on the underlying assets in the bond portfolios.

***   Cost information is not required for member directed investments, and
      therefore is not included.

                                      F-11

                                    SIGNATURE

PURSUANT TO THE REQUIREMENTS OF THE SECURITIES EXCHANGE ACT OF 1934, THE
TRUSTEES (OR OTHER PERSONS WHO ADMINISTER THE EMPLOYEE BENEFIT PLAN) HAVE DULY
CAUSED THIS ANNUAL REPORT TO BE SIGNED ON BEHALF OF THE EMPLOYMENT BENEFIT PLAN
BY THE UNDERSIGNED THEREUNTO DULY AUTHORIZED.

                                        THE HARTFORD INVESTMENT AND SAVINGS PLAN
                                                          (NAME OF PLAN)

                                        BY: /S/ N. KAREN MACKE
                                        ----------------------------------------
                                        (N. KAREN MACKE, PLAN ADMINISTRATOR)
                                        JUNE 22, 2004

                                      F-12