RYDEX ADVISOR VARIABLE ANNUITY ACCOUNT
485BPOS, 1998-04-03
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    As Filed With The Securities And Exchange Commission On April 3, 1998.

                                            File Nos. 333-03093 and 811-07615

                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D. C. 20549

                                    Form N-3

   REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933                 (X)

   Pre-Effective Amendment No.                                            (  )

   Post-Effective Amendment No.  6                                         (X)
                                     and/or

   REGISTRATION STATEMENT UNDER THE INVESTMENT COMPANY ACT OF 1940         (X)

   Amendment No.  8                                                        (X)

                     RYDEX ADVISOR VARIABLE ANNUITY ACCOUNT
                           (Exact Name of Registrant)

                    GREAT AMERICAN RESERVE INSURANCE COMPANY
                           (Name of Insurance Company)

             11815 North Pennsylvania Street, Carmel, Indiana  46032
     (Address of Insurance Company's Principal Executive Offices) (Zip Code)

                                (800) 437-3506
           (Insurance Company's Telephone Number, Including Area Code)

                              Karl W. Kindig, Esq.
                    Great American Reserve Insurance Company
                         11815 North Pennsylvania Street
                              Carmel, Indiana 46032
               (Name and Address of Agent for Service of Process)
                                   Copies to:

                             Michael Berenson, Esq.
                               Ann B. Furman, Esq.
                       Jorden Burt Berenson & Johnson LLP
                       1025 Thomas Jefferson Street, N.W.
                                 Suite 400 East
                          Washington, D. C. 20007-0805

   Approximate Date of Commencement of the Proposed Public Offering of the
   Securities:

   It is proposed  that this filing will  become  effective  (check  appropriate
   box):

     ___ immediately  upon filing pursuant to paragraph (b) of rule 485
      X  on May 1, 1998 pursuant to paragraph (b)(1)(v) of rule 485

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     ___ 60 days after filing pursuant to paragraph (a)(1) of rule 485
     ___ on (date) pursuant to paragraph  (a)(1) of rule 485
     ___ 75 days after filing pursuant to paragraph (a)(2) of rule 485
     ___ on (date) pursuant to paragraph (a)(2) of rule 485

   If appropriate, check the following box:

     X This  post-effective  amendment  designates  a new  effective  date for a
       previously-filed post-effective amendment.

   Pursuant  to Rule  24f-2  under  the  Investment  Company  Act of  1940,  the
   Registrant  declares that an indefinite amount of individual variable annuity
   contracts is being registered under the Securities Act of 1933.

<PAGE>









   Part A, Part B, and Part C of  Registrant's  Post-Effective  Amendment  No. 5
   under the  Securities  Act of 1933 and Amendment  No. 7 under the  Investment
   Company Act of 1940, filed on February 5, 1998, are incorporated by reference
   herein,  and  this  Post-Effective   Amendment  is  being  filed  under  Rule
   485(b)(1)(v) under the Securities Act of 1933 for the sole purpose of
   delaying the effectiveness of the above-referenced Amendment.

<PAGE>









                                   SIGNATURES

         Pursuant  to the  requirements  of the  Securities  Act of 1933 and the
   Investment  Company Act of 1940,  the  Registrant's  sponsor,  GREAT AMERICAN
   RESERVE  INSURANCE  COMPANY,  certifies  that it meets the  requirements  for
   effectiveness of this post-effective amendment to this registration statement
   pursuant to Rule 485(b) under the  Securities Act of 1933 and has duly caused
   this  post-effective  amendment  no. 6 to this  registration  statement to be
   signed on its behalf by the undersigned  thereunto duly  authorized,  and the
   seal of the sponsor to be hereunto  affixed and attested,  all in the City of
   Carmel, State of Indiana, on the 31st day of March, 1998.



                             GREAT AMERICAN RESERVE
                                INSURANCE COMPANY



                                 By:   /s/ Thomas J. Kilian
                                       Thomas J. Kilian, President,
                                       Great American Reserve
                                         Insurance Company

<PAGE>









                                   SIGNATURES

         Pursuant  to the  requirements  of the  Securities  Act of 1933 and the
   Investment  Company  Act of 1940,  the  Registrant,  RYDEX  ADVISOR  VARIABLE
   ANNUITY ACCOUNT,  certifies that it meets the requirements for  effectiveness
   of this  post-effective  amendment to its registration  statement pursuant to
   Rule  485(b)  under  the  Securities  Act of 1933  and has duly  caused  this
   post-effective amendment no. 6 to this registration statement to be signed on
   its  behalf  by the  undersigned  thereunto  duly  authorized  in the City of
   Rockville, State of Maryland, on the 31st day of March, 1998.


                             RYDEX ADVISOR VARIABLE
                                 ANNUITY ACCOUNT


                            /s/Albert P. Viragh, Jr.
                                 Albert P. Viragh, Jr., Chairman of
                                   the Board of Managers,
                                 Rydex Advisor Variable Annuity
                                   Account

         As required by the Securities Act of 1933, this registration  statement
   has  been  signed  by the  following  persons  in  the  capacities  with  the
   Registrant and on the dates indicated on this 31st day of March, 1998.

<TABLE>
<CAPTION>
 <S>                          <C>                                <C>
Signature                     Title                              Date


/s/ Albert P. Viragh, Jr.    Chairman of the Board of           March 31, 1998
Albert P. Viragh, Jr.        Managers, Principal Executive
                             Officer, and President

Corey A. Colehour*           Member of the Board of Managers    March 31, 1998
Corey A. Colehour


J. Kenneth Dalton*           Member of the Board of Managers    March 31, 1998
J. Kenneth Dalton 
 

John O. Demaret*             Member of the Board of Managers    March 31, 1998
John O. Demaret


/s/ L. Gregory Gloeckner     Member of the Board of Managers    March 31, 1998
L. Gregory Gloeckner
 

<PAGE>










 Patrick T. McCarville*      Member of the Board of Managers    March 31, 1998
 Patrick T. McCarville

 Roger Somers*               Member of the Board of Managers    March 31, 1998
 Roger Somers               

/s/ Carl G. Verboncoeur      Vice President and Treasurer       March 31, 1998
Carl G. Verboncoeur



 *By:  /s/Albert P. Viragh, Jr.
       Albert P. Viragh, Jr.
       Attorney-in-Fact
</TABLE>

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