FORM N-SAR
SEMI-ANNUAL REPORT
FOR REGISTERED INVESTMENT COMPANIES
Report for six month period ending: H (a)
or fiscal year ending: 12/31/98 (b)
Is this a transitional report? (Y/N) N
Is this an amendment to a previous filing? (Y/N) 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 oil this form.
1. A. Registrant Name: Acacia National Variable Life Insurance Separate
Account II
B. File Number: 811 -07627
C. Telephone Number: (301) 280-1034
2. A. Street: 7315 Wisconsin Avenue
B. City: Bethesda C. State: MD D. Zip Code:
2014 Zip Ext:
E. Foreign Country: Foreign Postal Code:
3. Is this the first filing on this form by Registrant? (Y/N) N
4. Is this the last filing on this form by Registrant? (Y/N) N
5. Is Registrant a small business investment company (SBIC)? (Y/N) N
[If answer is "Y" (Yes), complete only items 89 through 110
6. Is Registrant a unit investment trust (UIT)? (Y/N) Y [If answer is "Y"
(Yes) complete only items 111 through 132]
7. A. Is Registrant a series or multiple portfolio company?
(Y/N) [If answer is "N" (No), go to item 8.)
B. How many separate series or portfolios did Registrant have at the
end of the period?
1
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If filing more
than one Page
2,"X" box:
For period ending 12/31/98
File number 811 -07627
C. List the name of each series or portfolio and give a consecutive number
to each series or portfolio starting with the number 1. USE THIS SAME
NUMERICAL DESIGNATION FOR EACH SERIES OR PORTFOLIO IN THE SERIES
INFORMATION BLOCK IN THE TOP RIGHT CORNER OF THE SCREENS SUBMITTED IN
THIS FILING AND IN ALL SUBSEQUENT FILINGS ON THIS FORM. THIS INFORMATION
IS REQUIRED EACH TIME THE FORM IS FILED.
Is this the
Series last filing
Number Series Name for this series?
(Y/N)
1 N
(NOTE: See item D(8) of the the general instructions to the form for information
on how to complete the form for series companies.)
02
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For period ending 12/31/98 If filing more than
one Page 47,"X"box:
File number 811 -07627
UNIT INVESTMENT TRUSTS
111. A. Depositor Name: Acacia National Life Insurance Company
B. File Number (If any):
C. City: Bethesda State: Maryland Zip Code: 20814
Foreign Country: Foreign Postal Code:
111. A. Depositor Name:
B. File Number (If any):
C. City: State: Zip Code:
Foreign Country: Foreign Postal Code:
112. A. Sponsor Name: Acacia National Life Insurance Company
B. File Number (If any):
C. City: Bethesda State: Maryland Zip Code: 20814
Foreign Country: Foreign Postal Code:
112. A. Sponsor Name:
B. File Number (If any):
C. City: State: Zip Code:
Foreign Country: Foreign Postal Code:
47
For period ending 12/31/98
If filing more than
one Page 48,"X"box:
File number 811 -07627
113. A. Trustee Name:
B. City: State: Zip Code: Zip Ext:
Foreign Country: Foreign Postal Code:
113. A. Trustee Name:
B. City: State: Zip Code: Zip Ext:
Foreign Country: Foreign Postal Code:
114 A. Principal Underwriter: The Advisors Group, Inc.
B. File Number : 8- 0121679
C. City: Bethesda State: Maryland Zip Code: 20814
Foreign Country: Foreign Postal Code:
114 A. Principal Underwriter:
B. File Number : 8-
C. City: State: Zip Code:
Foreign Country: Foreign Postal Code:
115. A. Independent Public Accountant Name: PricewaterhouseCoopers LLP
B.. City: Washington State: D.C. Zip Code: 20009 Zip Ext: 1110
Foreign Country: Foreign Postal Code:
115. A. Independent Public Accountant Name:
B. City: State: Zip Code:
Foreign Country: Foreign Postal Code:
48
<PAGE>
For period ending
12/31/98 If filing more than one
Page 49,"X" box:
File number 811 - 07627
116. Family of investment companies information:
A. Is Registrant part of a family of investment companies? (Y/N)
N
B. Identify the family in 10 letters:
(NOTE:In filing this form, use this identification consistently
for all investment companies in family. This designation is for
purposes of this form only.)
117. A. Is Registrant a separate account of an insurance company? (Y/N)
Y
If answer is "Y" (Yes), are any of the following types of contracts
funded by the Registrant?:
B. Variable Annuity contracts? (Y/N) Y
C. Scheduled premium variable life contracts? (Y/N) N
D. Flexible premium variable life contracts'? (Y/N) Y
E. Other types of insurance products registered under the Securities Act of
1933'? (Y/N) N
118. State the number of series existing at the end of the period that
had securities registered under the Securities Act of 1933 1
119. State the number of new series for which registration statements
under the Securities Act of 1933 became effective during the
period 0
120. State the total value of the portfolio securities on the date of
deposit for the new series included in item 119 ($000's omitted)
0
121. State the number of series for which a current prospectus was in
existence at the end of the period 1
1
122. State the number of existing series for which additional units
were registered under the Securities Act of 1933 during the
current period 0
49
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For period ending
12/31/98
If filing more
than one Page
50,"X" box:
File number 811 -07627
123. State the total value of the additional units considered in answering
item 122 ($000's omitted)- $0
124. State the total value of units of prior series that were placed
in the portfolios of subsequent Series during the current period
(the value of these units is to be measured on the date they
were placed in the subsequent series) ($000's omitted) $
125. State the total dollar amount of sales loads collected (before
reallowances to other brokers or dealers) by Registrant's
principal underwriter and any underwriter which is an affiliated
person of the principal underwriter during the current period
solely from the sale of units of all series of Registrant ($000's
omitted) $0
126. Of the amount shown in item 125, state the total dollar amount of
sales loads collected from secondary market
Operations in Registrant's units (include the sales loads, if
any, collected on units of a prior series placed
In the portfolio of a subsequent series.) ($000's omitted) $
127. List opposite the appropriate description below the number of
series whose portfolios are invested primarily (based upon a
percentage of 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):
Number of Total Assets Total Income
Series ($000's Distributions
Investing omitted) ($000's omitted)
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 $ $
1. Investment company equity securities $ $
J. All other equity securities $48,409 $
K. Other securities $ $
L. Total assets of all series of registrant $ $
50
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For period ending 12/31/98
If filing more than one
Page 51,"X" box:
File number 811 -07627
128. Is the timely payment of principal and interest on any of the
portfolio securities held by any of Registrant's series at the end
of the current period insured or guaranteed by an entity other
than the issuer? (Y/N) N
[If answer is "N" (No), go to item 131.] Y/N
129. Is the issuer of any instrument covered in item 128 delinquent
or in default as to payment of principal or interest at the end
of the current period? (Y/N)
[If answer is "N" (No), go to item 131.] Y/N
130. In computations of NAV or offering price per unit, is any part of the
value attributed to instruments identified in item 129 derived from
insurance or guarantees? (Y/N)
131. Total expenses incurred by all series of Registrant during the current
reporting period ($000's omitted) $470
132. List the "811" (Investment Company Act of 1940) registration number for all
Series of Registrant that are being included in this filing:
811-07627 811- 811- 811- 811-
811- 811- 811- 811- 811-
811- 811- 811- 811- 811-
811- 811- 811- 811- 811-
811- 811- 811- 811- 811-
811- 811- 811- 811- 811-
811- 811- 811- 811- 811-
This report is signed on behalf of the registrant.
City of: Bethesda, Maryland
Acacia National Life Insurance Separate Account II
By:/s/ Ellen Jane Abromson Witness:/s/ Lorraine Dekevich
Ellen Jane Abromson
2nd Vice President and Associate Counsel 51
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