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, 1998
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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):
_12,807,801____
(ii) Aggregate price of securities redeemed or
repurchased during the fiscal year:
526,519_______
(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)]
-- $ 526,519 _____
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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)]:
12,281,282 __
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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
0.000278
(viii) Registration fee due [multiply Item 5(v) by Item
5(vii)] (enter "0" if no fee is due):
3,414 _____
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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, 1998, then
report the amount of securities (number of shares or other units)
deducted here: N/A . 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: N/A
.
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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]: = $ 3,414 . ---------------------------------
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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/ D.L. McLeod
D.L. McLeod, Treasurer Vice President, Investment
Operations First Great-West Life & Annuity Insurance Company
Date 2/27/99
