RYDEX ADVISOR VARIABLE ANNUITY ACCOUNT
N-8A, 1996-05-02
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       As filed  with the Securities  and Exchange Commission  on
  May 2, 1996

                 SECURITIES AND EXCHANGE COMMISSION
                      Washington, D. C.  20549

                             Form N-8A


                    NOTIFICATION OF REGISTRATION
               FILED PURSUANT TO SECTION 8(a) OF THE
                   INVESTMENT COMPANY ACT OF 1940


       The  undersigned investment  company  hereby notifies  the
  Securities and Exchange Commission that  it registers under and
  pursuant to the provisions  of Section  8(a) of the  Investment
  Company Act  of 1940 and in  connection with  such notification
  of registration submits the following information:

       Name:  RYDEX ADVISOR VARIABLE ANNUITY ACCOUNT

       Address of Principal
       Business Office:  11815 N. Pennsylvania Street
                         Carmel, Indiana  46032
         
       Telephone Number:  (317) 571-3700


       Name and Address of Agent for Service of Process:

                      Karl W. Kindig, Esquire
              Great American Reserve Insurance Company
                  11815 North Pennsylvania Street
                       Carmel, Indiana  46032




  Check Appropriate Box:

       Registrant  is filing a Registration Statement pursuant to
  Section   8(b)  of   the  Investment   Company   Act  of   1940
  concurrently with the filing of Form N-8A:

  YES   X    NO      

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                             SIGNATURES

       Pursuant  to the  requirements of  the Investment  Company
  Act  of 1940,  Great  American  Reserve Insurance  Company  has
  caused this  notification of registration to  be duly signed on
  behalf of the  registrant, in the  city of Carmel and  state of
  Indiana on the 30th day of April, 1996.


                      RYDEX ADVISOR VARIABLE ANNUITY ACCOUNT 
                      By:   Great  American   Reserve   Insurance
  Company
  (Seal)


                      By:   /s/  Lynn C. Tyson
                           Lynn C. Tyson
                           President



  Attest: /s/  Lawrence W. Inlow      
                 Name


                Secretary           
                 Title


























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