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[DESCRIPTION]NSAR, AAL VARIABLE LIFE ACCOUNT 1
FORM N-SAR
SEMI-ANNUAL REPORT
FOR REGISTERED INVESTMENT COMPANIES
Report for six month period ending: (a)
or fiscal year ending: 12/31/98 (b)
Is this a transition report? (Y/N) N
Is this an amendment to a previous filing? (Y/N) N
Those items or sub-items with a box "[/] " after the item number should be
completed only if the answer has changed from the previous filing on this form.
1. A. Registrant Name: AAL Variable Life Account I
B. File Number: 811-08289
C. Telephone Number: (920) 734-5721
2. A. Street: 4321 North Ballard Road
B. City: Appleton C. State: WI D. Zip Code: 54919 Zip Ext: 0001
E. Foreign Country: Foreign Postal Code:
3. Is this the first filing on this form by Registrant? (Y/N) Y
4. Is this the last filing on this form by Registrant? (Y/N) N
5. Is Registrant a small business investment company (SBIC)? (Y/N) N
[If answer is "Y" (Yes), complete only items 89 through 110.]
6. Is Registrant a unit investment trust (UIT)? (Y/N) Y
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For period ending 12/31/98 If filing more than one
Page 47, "X" box: [ ]
File Number 811-08289
UNIT INVESTMENT TRUSTS
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111. A. [/] Depositor Name: Aid Association For Lutherans
B. [/] File Number (If any):
C. [/] City: Appleton State: WI Zip Code: 54919 Zip Ext. 0001
[/] Foreign Country: Foreign Postal Code:
111. A. [/] Depositor Name:
B. [/] File Number (If any):
C. [/] City: State: Zip Code: Zip Ext.
[/] Foreign Country: Foreign Postal Code:
112. A. [/] Sponsor Name: Aid Association For Lutherans
B. [/] File Number (If any):
C. [/] City: Appleton State: WI Zip Code: 54919 Zip Ext 0001
[/] Foreign Country: Foreign Postal Code:
112. A. [/] Sponsor Name:
B. [/] File Number (If any):
C. [/] City: State: Zip Code: Zip Ext.
[/] Foreign Country: Foreign Postal Code:
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For period ending 12/31/98 If filing more than one
Page 48, "X" box: [ ]
File Number 811-08289
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113. A. [/] Trustee Name:
B. [/] City: State: Zip Code: Zip Ext.
[/] Foreign Country: Foreign Postal Code:
113. A. [/] Trustee Name:
B. [/] City: State: Zip Code: Zip Ext.
[/] Foreign Country: Foreign Postal Code:
114. A. [/] Principal Underwriter Name: AAL Capital Management Corporation
B. [/] File Number: 8-36525
C. [/] City: Appleton State: WI Zip Code: 54919 Zip Ext. 0007
[/] Foreign Country: Foreign Postal Code:
114. A. [/] Principal Underwriter Name:
B. [/] File Number:8-
C. [/] City: State: Zip Code: Zip Ext.
[/] Foreign Country: Foreign Postal Code:
115. A. [/] Independent Public Accountant Name: Ernst & Young LLP
B. [/] City: Milwaukee State: WI Zip Code: 53202 Zip Ext.
[/] Foreign Country: Foreign Postal Code:
115. A. [/] Independent Public Accountant Name:
B. [/] City: State: Zip Code: Zip Ext.
[/] Foreign Country: Foreign Postal Code:
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For period ending 12/31/98 If filing more than one
Page 49, "X" box: [ ]
File Number 811-08289
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116. Family of investment companies information:
A. [/] Is Registrant part of a family of investment companies? (Y/N) N
B. [/] Identify the family in 10 letters:
(NOTE: In filing this form, use this identification consistently for
all investment companies in family. This designation is for purposes
of this form only.)
117. A. [/] Is Registrant a separate account of an insurance company? (Y/N) Y
If answer is "Y" (Yes), are any of the following types of contracts
funded by the Registrant?
B. [/] Variable annuity contracts? (Y/N) N
C. [/] Scheduled premium variable life contracts? (Y/N) N
D. [/] Flexible premium variable life contracts? (Y/N) Y
E. [/] Other types of insurance products registered under the Securities
Act of 1933? (Y/N) N
118. [/] State the number of series existing at the end of the period that had
securities registered under the Securities Act of 1933 1
119. [/] State the number of new series for which registration
statements under the Securities Act of 1933 became effective
during the period 1
120. [/] State the total value of the portfolio securities on the date of deposit
for the new series included in item 119 ($000's omitted) $3,812
121. [/] State the number of series for which a current prospectus was in existence
at the end of the period 1
122. [/] State the number of existing series for which additional
units were registered under the Securities Act of 1933 during
the current period 0
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For period ending 12/31/98 If filing more than one
Page 50, "X" box: [ ]
File Number 811-08289
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123. [/] State the total value of the additional units considered in answering item 122
($000's omitted)
124. [/] State the total value of units of prior series that were
placed in the portfolios of subsequent series during the
current period ( the value of these units is to be measured on
the date they were placed in the subsequent series) ($000's
omitted)
125. [/] State the total dollar amount of sales loads collected
(before reallowances to other brokers or dealers) by
Registrant's principal underwriter and any underwriter which
is an affiliated person of the principal underwriter during
the current period solely from the sale of units of all series
of Registrant ($000's omitted) $2
126. Of the amount shown in item 125, state the total dollar amount
of sales loads collected from secondary market operations in
Registrant's units (include the sales loads, if any, collected
on units of a prior series placed in the portfolio of a
subsequent series.)
($000's omitted)
127. List opposite the appropriate description below the number of
series whose portfolios are invested primarily (based upon a
percentage of NAV) in each type of security shown, the
aggregate total assets at market value as of a date at or near
the end of the current period of each such group of series and
the total income distributions made by each such group of
series during the current period (excluding distributions of
realized gains, if any):
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Number of Total Assets Total Income
Series ($000's Distributions
Investing omitted) ($000's omitted)
A. U.S. Treasury direct issue
B. U.S. Government agency
C. State and municipal tax-free
D. Public utility debt
E. Brokers or dealers debt or debt of
brokers' or dealers' parent
F. All other corporate intermed. & long-
term debt
G. All other corporate short-term debt
H. Equity securities of brokers or dealers
or parents of brokers or dealers
I. Investment company equity securities
J. All other equity securities 1 $3,812
K. Other securities
L. Total assets of all series of registrant $3,812
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For period ending 12/31/98 If filing more than one
Page 51, "X" box: [ ]
File Number 811-08289
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128. [/] Is the timely payment of principal and interest on any of the
portfolio securities held by any of Registrant's series at
the end of the current period insured or guaranteed by an
entity other than the issuer? (Y/N) N
[If answer is "N" (No), go to item 131.]
129. [/] Is the issuer of any instrument covered in item 128 delinquent or in
default as to payment of principal or interest at the end of the current
period? (Y/N)
[If answer is "N" (No), go to item 131.]
130. [/] In computations of NAV or offering price per unit, is any part of the value
attributed to instruments identified in item 129 derived from insurance or
guarantees? (Y/N)
131. [/] Total expenses incurred by all series of Registrant during the current reporting
period ($000's omitted) $7
132. [/] List the "811" (Investment Company Act of 1940)
registration number for all Series of Registrant that are
being included in this filing:
811-08289
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SIGNATURE PAGE
This report is signed on behalf of the registrant (or depositor or trustee).
City of: Appleton State of: WI Date: 2/25/99
Name of Registrant, Depositor or Trustee: AAL Variable Annuity Account I
By (Name and Title): /s/ Carl J. Rudolph
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Carl J. Rudolph
Treasurer of AAL, depositor
FINANCIAL OFFICER
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Witness (Name and Title) : /s/ Charles D. Gariboldi Jr.
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Charles D. Gariboldi Jr.
Assistant Vice President of AAL, depositor
