UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 24F-2
ANNUAL NOTICE OF SECURITIES SOLD
PURSUANT TO RULE 24F-2
READ INSTRUCTIONS AT END OF FORM BEFORE PREPARING FORM.
1. Name and address of issuer
RYDEX ADVISOR VARIABLE ANNUITY ACCOUNT
11825 N. Pennsylvania Street
Carmel, IN 46032
2. The name of each series or class of securities for which this Form
is filed (If the Form is being filed for all series and classes of
securities of the issuer, check the box but do not list series or
classes): [ X ]
3. Investment Company Act File Number:
811-07615
Securities Act File Number
333-03093
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4(a). Last day of fiscal year for which this Form is filed:
December 31, 1998
4(b). Check box is this Form is being filed late (I.E. more than 90
calendar days after the end of the issuer's fiscal year).
(See Instruction A.2) [ ]
NOTE: IF THE FORM IS BEING FILED LATE, INTEREST MUST BE PAID ON THE REGISTRATION
FEE DUE.
4(c). Check box if this is the last time the issuer will be filing this
Form. [ ]
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5. Calculation of registration fee:
(i) Aggregate sale price of securities sold during the fiscal year
pursuant to section 24(f): 1,701,004,636
(ii) Aggregate price of securities redeemed or repurchased
during the fiscal year: 1,640,703,952
(iii) Aggregate price of securities redeemed or repurchased during any
prior fiscal year ending no earlier than October 11, 1995 that were
not previously used to reduce registration fees payable to the
Commission: 0
(iv) Total available redemption credits [add Items 5(ii) and
5(iii): 1,640,703,952
(v) Net sales - if Item 5(i) is greater than Item 5(iv) [subtract Item
5(iv) from Item 5(i)]: 60,300,684
(vi) Redemption credits available for use in future years - if Item 5(i)
is less than Item 5(iv)[subtract item 5(iv)from Item 5(i): 0
(vii) Multiplier for determining registration fee (See Instruction C.9): .000278
(viii) Registration fee due [multiply Item 5(v) by Item 5(vii)]
(enter "0" if no fee is due): 16,764
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6. Prepaid Shares
If the response to Item 5(i) was determined by deducting an amount
of securities that were registered under the Securities Act of 1933
pursuant to rule 24e-2 as in effect before October 11, 1997, then
report the amount of securities (number of shares or other units)
deducted here: 0. If there is a number of shares or other units
that were registered pursuant to rule 24e-2 remaining unsold at the
end of the fiscal year for which this form is filed that are
available for use by the issuer in future fiscal years, then state
that number here: 0.
7. Interest due - if this Form is being filed more than 90 days after
the end of the issuer's fiscal year (see Instruction D):
N/A
8. Total of the amount of the registration fee due plus any interest
due [line 5(viii) plus line 7]:
$16,764
9. Date the registration fee and any interest payment was sent to the
Commission's lockbox depository:
Method of delivery: Wire Transfer To CIK No. 00001013169
March 30, 1999
SIGNATURES
This report has been signed below by the following persons on behalf of the
issuer and in the capacities and on the dates indicated.
By: (Signature and Title)* /s/ Thomas J. Kilian
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Thomas J. Kilian
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President
Conseco Variable Insurance Company
(Formerly, Great American Reserve Insurance Company)
Depositor
Date March 31, 1999
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*Please print the name and title of the signing officer below the signature.
