<PAGE>
------------------------
APPENDIX I UNITED STATES OMB APPROVAL
SECURITIES AND EXCHANGE COMMISSION ------------------------
Washington, D.C. 20549 OMB Number: 3235-0456
Expires: August 31, 2000
FORM 24F-2 Estimated average burden
Annual Notice of Securities Sold hours per response.....1
Pursuant to Rule 24F-2 ------------------------
Read instructions at end of Form before preparing Form.
- --------------------------------------------------------------------------------
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
- --------------------------------------------------------------------------------
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): [_]
N/A
- --------------------------------------------------------------------------------
3. Investment Company Act File Number: 811-7645
Securities Act File Number: 333-4999
- --------------------------------------------------------------------------------
4(a).Last day of fiscal year for which this Form is filed:
12-31-1997
- --------------------------------------------------------------------------------
4(b).[_] Check box if 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.
- --------------------------------------------------------------------------------
<PAGE>
5. Calculation of registration fee:
(i) Aggregate sale price of securities sold
during the fiscal year pursuant to
section 24(f): $362,782,343
------------
(ii) Aggregate price of securities redeemed
or repurchased during the fiscal year: $49,525,383
-----------
(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: $
-----------
(iv) Total available redemption credits [add
Items 5(ii) and 5(iii)]: $49,525,383
------------
(v) Net sales - If Item 5(i) is greater
than Item 5(iv) [subtract Item 5(iv)
from Item 5(i)]: $313,256,960
------------
--------------------------------------------------------------
(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)]:
--------------------------------------------------------------
(vii) Multiplier for determining registration
fee (See instruction C.9): X .000295
------------
(viii) Registration fee due [multiply Item 5(v) =$92,411
by Item 5(vii)] (enter "0" if no fee is ============
due):
- --------------------------------------------------------------------------------
6. Prepaid Shares
If the response to Item 5(i) was determined by deducting an amount of
securities that were registered under the Securities Act of 1933 pursuant
to rule 24e-2 as in effect before October 11, 1997, then report the amount
of securities (number of shares or other units) deducted here:_______. If
there is a number of shares or other units that were registered pursuant
to rule 24e-2 remaining unsold at the end of the fiscal year for which
this form is filed that are available for use by the issuer in future
fiscal years, then state that number here: .
----------
- --------------------------------------------------------------------------------
7. Interest due - if this Form is being filed more than 90 days
after the end of the issuer's fiscal year (see instruction D):
+$
------------
- --------------------------------------------------------------------------------
8. Total of the amount of the registration fee due plus any
interest due [line 5(viii) plus line 7):
=$92,411
============
- --------------------------------------------------------------------------------
9. Date the registration fee and any interest payment was
sent to the Commission's lockbox depository:
2/25/1998
Method of Delivery:
[X] Wire Transfer
[_] Mail or other means
<PAGE>
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/ Linda M. Swallow
-------------------------------------------------------
Linda M. Swallow, 2nd Vice President
-------------------------------------------------------
Date 2/26/1998
-------------------
*Please print the name and title of the signing officer below the signature.
