FORM N-SAR
SEMI-ANNUAL REPORT
FOR REGISTERED INVESTMENT COMPANIES
Report for six month period ending: 12/31/97
Is this a transition report? N
Is this an amendment to a previous filing? N
Those items or sub-items with a box "[/]" after the item number should be
completed only if the answer has changed from the previous filing on this form.
1.A. Registrant Name: VARIABLE ANNUITY 1 SERIES ACCOUNT
B. File Number (811): 881-7549
C. Telephone Number: 3036893822
2.A. Street: 8515 EAST ORCHARD ROAD
B. City: ENGLEWOOD
C. State CO
D. Zip Code: 80111
E. Foreign Country:
3. Is this the first filing on this form by Registrant? N
4. Is this the last filing on this form by Registrant? N
5. Is Registrant a small a business investment company (SBIC)? N (If
yes, complete only 89-110)
6. Is Registrant a unit investment trust (UIT)? Y (If yes, complete
only 111 through 132)
111. - 126. [/] No changes
127.List opposite the appropriate description below the number of series whose
portfolios are invested primarily (based upon a percentage f NAV) in each
type of security shown, the aggregate total assets at market value as of a
date at or near the end of the current period of each such group of series
and the total income distributions made by each such group of series during
the current period (excluding distributions of realized gains, if any):
<TABLE>
Number of Total Assets Total Income
Series ($000's Distributions
Investing omitted) ($000's omitted)
<S> <C>
A. U.S. Treasury direct issue $ $
B. U.S. Government agency $ $
C. State and municipal tax-free $ $
D. Public utility debt $ $
E. Brokers or dealers debt or
debt of brokers' or dealers' parent $ $
F. All other corporate intermed. &
long-term debt $ $
G. All other corporate short term debt $ $
H. Equity securities of brokers or
dealers or parents of brokers or dealers $ $
I. Investment company equity securities $ $
J. All other equity securities $248,682 $
K. Other securities $ 587 $
L. Total assets of all series of registrant $249,269 $
</TABLE>
128. - 132. [/] No changes
Signature Page
The following form or signature shall follow items 79, 85, 88, 104, 110 or 130
as appropriate. This report is signed on behalf of the registrant (or depositor
or trustee).
City of: Englewood State of: Colorado Date: February 5, 1998
Name of Registrant, Depositor, or Trustee: VARIABLE ANNUITY 1 SERIES ACCOUNT
By: /s/ Beverly A. Byrne Witness: /s/ Susan R. Sellenberg
Beverly A. Byrne Susan R. Sellenberg
Assistant Vice President and Associate Counsel Legal Assistant I
