SECURITIES AND EXCHANGE COMMISSION

                             Washington, D.C. 20549


                                    FORM 8-K

                                 CURRENT REPORT



                     Pursuant to Section 13 or 15(d) of the
                         Securities Exchange Act of 1934


Date of Report (Date of earliest event reported)      November 12, 1996
                                                      --------------------------



                     Travelers/Aetna Property Casualty Corp.
--------------------------------------------------------------------------------
             (Exact name of registrant as specified in its charter)


     Delaware                        1-14328                     06-1445591
     ---------------                 ------------            -------------------
     (State or other                 (Commission             (IRS Employer
     jurisdiction of                 File Number)            Identification No.)
     incorporation)

     One Tower Square, Hartford, CT                              06183
--------------------------------------------------------------------------------
     (Address of principal executive offices)                 (Zip Code)

                                 (860) 277-0111
--------------------------------------------------------------------------------
              (Registrant's telephone number, including area code)
<PAGE>

                     TRAVELERS/AETNA PROPERTY CASUALTY CORP.
                           Current Report on Form 8-K

Item 7.   Financial Statements, Pro Forma Financial Information and Exhibits.
          -------------------------------------------------------------------


          Exhibits:

          Exhibit No.         Description
          -----------         -----------

          1.01                Terms Agreement, dated November 12, 1996, among
                              the Company and Smith Barney Inc. and UBS
                              Securities LLC, as Underwriters, relating to the
                              offer and sale of the Company's 6 3/4% Notes due
                              November 15, 2006.

          4.01                Form of Note for the Company's 6 3/4% Notes due
                              November 15, 2006.


                                       2
<PAGE>

                                    SIGNATURE


     Pursuant to the requirements of the Securities Exchange Act of 1934, the
Registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.




Dated:  November 13, 1996                    TRAVELERS/AETNA PROPERTY
                                                  CASUALTY CORP.



                                             By   /s/ Firoz B. Tarapore
                                                  -----------------------------
                                                  Firoz B. Tarapore
                                                  Assistant Treasurer


                                       3
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{"company-data": {"conformed-name": "TRAVELERS AETNA PROPERTY CASUALTY CORP", "cik": "0001010551", "assigned-sic": "6311", "irs-number": "061445591", "state-of-incorporation": "DE", "fiscal-year-end": "1231"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "001-14328", "film-number": "96663507"}, "business-address": {"street1": "ONE TOWER SQUARE", "city": "HARTFORD", "state": "CT", "zip": "06183", "phone": "8602770111"}, "mail-address": {"street1": "388 GREENWICH STREET", "city": "NEW YORK", "state": "NY", "zip": "10013"}}
SECURITIES AND EXCHANGE COMMISSION

                             Washington, D.C. 20549

                                    FORM 8-K

                                 CURRENT REPORT

                     Pursuant to Section 13 or 15(d) of the
                         Securities Exchange Act of 1934

Date of Report (Date of earliest event reported)      November 12, 1996
                                                      --------------------------

                     Travelers/Aetna Property Casualty Corp.
--------------------------------------------------------------------------------
             (Exact name of registrant as specified in its charter)

     Delaware                        1-14328                     06-1445591
     ---------------                 ------------            -------------------
     (State or other                 (Commission             (IRS Employer
     jurisdiction of                 File Number)            Identification No.)
     incorporation)

     One Tower Square, Hartford, CT                              06183
--------------------------------------------------------------------------------
     (Address of principal executive offices)                 (Zip Code)

                                 (860) 277-0111
--------------------------------------------------------------------------------
              (Registrant's telephone number, including area code)
TRAVELERS/AETNA PROPERTY CASUALTY CORP.
                           Current Report on Form 8-K

Item 7.   Financial Statements, Pro Forma Financial Information and Exhibits.
          -------------------------------------------------------------------

          Exhibits:

          Exhibit No.         Description
          -----------         -----------

          1.01                Terms Agreement, dated November 12, 1996, among
                              the Company and Smith Barney Inc. and UBS
                              Securities LLC, as Underwriters, relating to the
                              offer and sale of the Company's 6 3/4% Notes due
                              November 15, 2006.

          4.01                Form of Note for the Company's 6 3/4% Notes due
                              November 15, 2006.

                                       2
SIGNATURE

     Pursuant to the requirements of the Securities Exchange Act of 1934, the
Registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.

Dated:  November 13, 1996                    TRAVELERS/AETNA PROPERTY
                                                  CASUALTY CORP.

                                             By   /s/ Firoz B. Tarapore
                                                  -----------------------------
                                                  Firoz B. Tarapore
                                                  Assistant Treasurer

                                       3