ANNUITY INVESTORS VARIABLE ACCOUNT B
24F-2NT, 1998-03-25
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             ANNUAL NOTICE OF SECURITIES SOLD PURSUANT TO RULE 24F-2

                                  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:

        Annuity Investors Variable Account B
        250 East Fifth Street
        Cincinnati, OH 45201-5423

- --------------------------------------------------------------------------------
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:

        811-08017

        Securities Act File Number:

        333-19725

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4(a). Last day of fiscal year for which this Form is filed:

      December 31, 1997

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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



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<PAGE>



<TABLE>
<CAPTION>

<S>                                                              <C>                   <C>    
5. Calculation of registration fee:

        (i)    Aggregate sale price of securities sold during the
               fiscal year pursuant to section 24(f):                                  $4,832,832
                                                                                        ---------

        (ii)   Aggregate price of securities redeemed or
               repurchased during the fiscal year:               $12,943
                                                                  ---------

        (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)]:                                                           -$12,943
                                                                                        ---------

        (v) Net sales--if Item 5(i) is greater than Item 5(iv)
               [subtract Item 5(iv) from Item 5(i)]:                                   $4,819,889
                                                                                        ---------

        (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):                                                       X.000295
                                                                                       ----------

        (viii) Registration  fee due [multiply  Item 5(v) by Item 5(vii)] (enter      =$1,421.87
               "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  unites)  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

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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):
                                                                                +$     0
                                                                                  ----------
- --------------------------------------------------------------------------------
8.      Total of the amount of the  registration  fee due plus any  interest due
        [line 5(viii) plus line 7]:

                                                                                =$1,421.87
                                                                                  ----------
</TABLE>
- --------------------------------------------------------------------------------
9.      Date  the  registration  fee and any  interest  payment  was sent to the
        Commission's lockbox depository:  March 13, 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/ LYNN LASWELL
                               --------------------------------------------
                               LYNN E. LASWELL, VICE PRESIDENT AND CONTROLLER

Date    2-18-98

        *Please  print  the name and  title of the  signing  officer  below  the
        signature.



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