U.S. SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 24F-2
Annual Notice of Securities Sold
Pursuant to Rule 24f-2
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1. Name and Address of Issuer:
Variable Annuity 1 Series Account of
First Great-West Life & Annuity Insurance Company
8515 East Orchard Road
Englewood, CO 80111
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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
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3. Investment Company Act File Number: 811-08183
Securities Act File Number: 333-25289
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4(a). Last day of fiscal year for which this notice 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)
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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): $ 9,121,358
(ii) Aggregate price of securities redeemed or
repurchased during the fiscal
year: $ 172,867
(iii) Aggregate price of securities redeemed or repurchased during any
prior fiscal year ended no earlier than October 11, 1995 that were not
previously used to reduce registration fees payable to the Commission:
$ 0
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<PAGE>
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(iv) Total available redemption credits [add Items 5(ii) and
5(iii)]
-- $ 172,867
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(v)Net sales ---- if Item 5(i) is greater than Item 5(iv) [subtract Item
5(iv) from Item 5(i)]: $ 8,948,491
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(vi) Redemption credits available for use in future years $ 0 .
----if Item 5(i) is less than Item 5(iv)
[subtract
Item 5(iv) from Item 5(i)]:
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(vii) Multiplier for determining registration fee (see Instruction C.
9): X 0.000295
(viii) Registration fee due [multiply Item 5(v) by Item 5(vii)] (enter "0"
if no fee is due): $ 2,639.80
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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 .
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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 .
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8. Total of the amount of the registration fee due plus any interest due [line
5(viii) plus line 7]:
= $ 2,639.80 .
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9. Date the registration fee an any interest payment was sent to the
Commission's lockbox depository
Method of Delivery:
|X| Wire Transfer
|_| Mail or other means
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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/ G.R. Derback
G.R. Derback, Treasurer
Vice President and Controller
First Great-West Life & Annuity Insurance
Company
Date 3/13/98
*Please print the name and title of the signing officer below the signature.
