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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. Please print or type.
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1. Name and address of issuer: Lincoln National Variable
Annuity Account L of
The Lincoln National Life Insurance Company
1300 South Clinton
Fort Wayne, IN 46801
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2. Name of each series or class of funds for which this notice is filed:
N/A
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3. Investment Company Act File Number: 811-7645
Securities Act File Number: 333-4999
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4. Last day of fiscal year for which this notice is filed:
12-31-96
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5. Check box if this notice is being filed more than 180 days after the close
of the issuer's fiscal year for purpose of reporting securities sold
after the close of the fiscal year but before termination of the issuer's
24f-2 declaration: [_]
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6. Data of termination of issuer's declaration under rule 24f-2 (a)(1), if
applicable (see Instruction A.6):
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7. Number and amount of securities of the same class or series which had been
registered under the Securities Act of 1933 other than pursuant to rule
24f-2 in a prior fiscal year, but which remained unsold at the beginning
of the fiscal year:
-0-
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8. Number and amount of securities registered during the fiscal year other
than pursuant to rule 24f-2:
-0-
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9. Number and aggregate sale price of securities sold during the fiscal year:
1,961
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10. Number and aggregate sale price of securities sold during the fiscal year
in reliance upon registration pursuant to rule 24f-2:
1,961
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11. Number and aggregate sale price of securities issued during the fiscal
year in connection with dividend reinvestment plans, if applicable (see
instruction 6.7):
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12. Calculation of registration fee:
(i) Aggregate sale price of securities sold during $ 1,961
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the fiscal year in reliance on rule 24f-2
(from Item 10):
(ii) Aggregate price of shares issued in connection +
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with dividend reinvestment plans (from Item 11.
If applicable):
(iii) Aggregate price of shares redeemed or repur- - 325
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chased during the fiscal year (if applicable):
(iv) Aggregate price of shares redeemed or repur-
chased and previously applied as a reduction to +
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filing fees pursuant to rule 24c-2 (if
applicable):
(v) Net Aggregate price of securities sold and
issued during the fiscal year in reliance on
rule 24f-2[line (i), plus line (ii), less 1,636
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less line (iii), plus line (iv)] (if
applicable):
(vi) Multiplier prescribed by Section 6(b) of the
Securities Act of 1933 or other applicable law x 1/3300
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or regulation (see instruction C.6):
(vii) Fee due [line (i) or line (v) multiplied by .50
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line (vi)]:
Instruction: Issuers should complete lines (ii), (iii), (iv), and (v) only if
the form is being filed within 60 days after the close of the
issuer's fiscal year. See Instruction C.3.
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13. Check box if fees are being remitted to the Commission's lockbox
depository as described in section 3a of the Commission's Rules of
Informal and Other Procedures (17 CFR 202.3a). [_]
Date of mailing or wire transfer of filing fees to the Commission's
lockbox depository: 2-26-97
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SIGNATURES
This report has been signed below by the following person on behalf of
the issuer and in the capacities and on the date indicated.
By (Signature and Title)* /s/ LINDA M. SWALLOW
___________________________________________
LINDA M. SWALLOW, 2ND VICE PRESIDENT
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Date 2-26-97
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*Please print the names and of the signing officer below the signature
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THE LINCOLN NATIONAL LIFE INSURANCE COMPANY
1300 SOUTH CLINTON STREET
FORT WAYNE, INDIANA 46801
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INTEROFFICE MEMORANDUM
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Date: February 21, 1997
To: Lantz Mintch
Second Vice-President, Director of Annuity/Pension Financial Reporting
From: Jeremy Sachs, Senior Counsel
Re: Lincoln National Variable Annuity Account L
Attorney's Opinion and Consent Letter
Rule 24f-2 Notice - year ended December 31, 1996
(File No. 333-4999:811-7645
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At the request of the management of The Lincoln National Life Insurance Company,
for and on behalf of Lincoln National Variable Annuity Account H, I have made
such examination of law and have examined such records and documents as I have
deemed necessary to render the opinion expressed below.
I am of the opinion that the securities the registration of which the above
notice makes definite in number were legally issued, fully paid, and
non-assessable.
I consent to the filing of this Opinion as an exhibit to the Fund's Rule 24f-2
Notice dated 2-26-97.
