SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
Form N-8B-2
REGISTRATION STATEMENT OF UNIT INVESTMENT
TRUSTS WHICH ARE CURRENTLY
ISSUING SECURITIES
Pursuant to Section 8(b) of the
Investment Company Act of 1940
AUL AMERICAN INDIVIDUAL VARIABLE LIFE
UNIT TRUST
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One American Square
P. O. Box 368
Indianapolis, Indiana 46206-0368
Issuer of periodic payment plan certificates
only for purposes of information provided herein
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I.
ORGANIZATION AND GENERAL INFORMATION
1. (a) Furnish name of the trust and the Internal Revenue Service
Employer Identification Number.
AUL AMERICAN INDIVIDUAL VARIABLE LIFE UNIT TRUST (the "Separate
Account"). The Separate Account has no Internal Revenue Service
Employer Identification Number.
(b) Furnish title of each class or series of securities issued by the
trust.
1. Modified Single Premium Variable Life Insurance Policy (the
"Single Premium Policy")
2. Flexible Premium Adjustable Variable Life Insurance Policy
(the "Flexible Premium Policy").
(The Single Premium Policy and Flexible Premium Policy are
collectively, the "Policies.")
2. Furnish name and principal business address and ZIP Code and the
Internal Revenue Service Employer Identification Number of each
depositor of the trust.
American United Life Insurance Company(R)("AUL" or the "Company")
One American Square P. O. Box 368 Indianapolis, Indiana
46206-0368
Internal Revenue Service Employer Identification Number:
350145825
3. Furnish name and principal business address and ZIP Code and the
Internal Revenue Service Employer identification Number of each
custodian or trustee of the trust indicating for which class or series
of securities each custodian or trustee is acting.
Not applicable.
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4. Furnish name and principal business address and ZIP Code and the
Internal Revenue Service Employer Identification Number of each
principal underwriter currently distributing securities of the trust.
Distribution of the Policies has not commenced. When distribution
commences, the principal underwriter will be AUL.
Internal Revenue Service Employer Identification Number:
350145825
5. Furnish name of state or other sovereign power, the laws of which
govern with respect to the organization of the trust.
Indiana
6. (a) Furnish the dates of execution and termination of any indenture
or agreement currently in effect under the terms of which the
trust was organized and issued or proposes to issue securities.
The Separate Account was established as a segregated investment
account under Indiana law on July 10, 1997. It is used to support
the Policies and may be used to support other variable insurance
contracts, and for other purposes permitted by law.
(b) Furnish the dates of execution and termination of any indenture
or agreement currently in effect pursuant to which the proceeds
of payments on securities issued or to be issued by the trust are
held by the custodian or trustee.
Not applicable.
7. Furnish in chronological order the following information with respect
to each change of name of the trust since January 1, 1930.
The name of the Separate Account has never changed.
8. State the date on which the fiscal year of the trust ends.
December 31
Material Litigation
9. Furnish a description of any pending legal proceedings, material with
respect to the security holders of the trust by reason of the nature
of the claim or the amount thereof, to which the trust, the depositor,
or the principal underwriter is a party or of which the assets of the
trust are the subject, including the substance of the claims involved
in such proceeding and the title of the proceeding. Furnish a similar
statement with respect to any pending administrative proceeding
commenced by a governmental authority or any such proceeding or legal
proceeding known to be contemplated by a governmental authority.
Include any proceeding which, although immaterial itself, is
representative of, or one of, a group which in the aggregate is
material.
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Incorporated herein by reference to the following section of each
of the prospectuses: "Other Information About the Policies and
AUL - Litigation."
II.
GENERAL DESCRIPTION OF THE TRUST
AND SECURITIES OF THE TRUST
General Information Concerning the Securities
of the Trust and the Rights of Holders
10. Furnish a brief statement with respect to the following matters for
each class or series of securities issued by the trust:
(a) Whether the securities are of the registered or bearer type.
The Policies which are to be issued are of the registered type
insofar as the Policies are personal to the Owners and the
records concerning the Owners are maintained by or on behalf of
AUL. (Terms such as "Owners" that are capitalized but not defined
herein have the same meaning as in the Registration Statements
for the Policies on Form S-6.)
(b) Whether the securities are of the cumulative or distributive
type.
The Policies are of the cumulative type, providing for no
distribution of income, dividends, or capital gains. Such amounts
are not separately identifiable but are reflected in the Cash
Value under a Policy at any time.
(c) The rights of security holders with respect to withdrawal or
redemption.
Incorporated herein by reference to the prospectus describing the
Single Premium Policy (the "Single Premium Prospectus") filed by
the Separate Account with the Securities and Exchange Commission
on the same date as this registration statement on Form N-8B-2 as
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part of a registration statement, as amended from time to time,
on Form S-6 under the Securities Act of 1933 (the "Single Premium
Registration Statement") and to the prospectus describing the
Flexible Premium Policy (the "Flexible Premium Prospectus") filed
by the Separate Account with the Securities and Exchange
Commission on the same date as this registration statement on
Form N-8B-2 as part of a registration statement, as amended from
time to time, on Form S-6 under the Securities Act of 1933 (the
"Flexible Premium Registration Statement") (collectively, the
Single Premium Prospectus and Flexible Premium Prospectus, and
the Single Premium Registration Statement and Flexible Premium
Registration Statement, are the "Prospectuses" and the
"Registration Statements," respectively). Specifically, the
following sections of each of the Prospectuses are incorporated
herein by reference: "Cash Benefits - Policy Loans;" and "Cash
Benefits - Surrendering the Policy for Net Cash Value."
(d) The rights of security holders with respect to conversion,
transfer, partial redemption, and similar matters.
Incorporated herein by reference to the following sections of
each of the Prospectuses: "Premium Payments and Allocations -
Transfer Privilege," "Premium Payments and Allocations Dollar
Cost Averaging Program," and "Premium Payments and Allocations -
Portfolio Rebalancing Program;" "Cash Benefits - Partial
Surrenders," "Cash Benefits - Policy Loans;" and "Other Policy
Benefits and Provisions - Exchange for Paid-Up Policy."
(e) If the trust is the issuer of periodic payment plan certificates,
the substance of the provisions of any indenture or agreement
with respect to lapses or defaults by security holders in making
principal payments, and with respect to reinstatement.
Incorporated herein by reference to the following sections of
each of the Prospectuses: "Premium Payments and Allocations -
Premium Payments to Prevent Lapse;" and "Other Policy Benefits
and Provisions - Reinstatement."
(f) The substance of the provisions of any indenture or agreement
with respect to voting rights, together with the names of any
persons other than security holders given the right to exercise
voting right s pertaining to the trust's securities or the
underlying securities and the relationship of such persons to the
trust.
Incorporated herein by reference to the following section of each
of the Prospectuses: "Other Information About the Policies and
AUL - Voting Rights."
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(g) Whether security holders must be given notice of any change in:
(1) the composition of the assets of the trust.
(2) the terms and conditions of the securities issued by the
trust.
Incorporated herein by reference to the following section of each
of the Prospectuses: "Other Policy Benefits and Provisions -
Changes in the Policy or Benefits," "Other Policy Benefits and
Provisions - Reports to Policy Owners;" and "Other Information
About the Policies and AUL Addition, Deletion or Substitution of
Investments."
(3) the provisions of any indenture or agreement of the trust.
Not applicable.
(4) the identity of the depositor, trustee or custodian.
AUL is the depositor of the Separate Account. There is no
provision requiring notice to, or consent of, Owners with respect
to a change in the identity of the depositor.
(h) Whether the consent of security holders is required in order for
action to be taken concerning any change in:
(1) the composition of the assets of the trust.
(2) the terms and conditions of the securities issued by the
trust.
Incorporated herein by reference to the following section of each
of the Prospectuses: "Other Policy Benefits and Provisions -
Changes in the Policy or Benefits;" "Other Information About the
Policies and AUL - Addition, Deletion or Substitution of
Investments" and "Other Information About the Policies and AUL -
Voting Rights."
(3) the provisions of any indenture or agreement of the trust.
Not applicable.
(4) the identity of the depositor, trustee or custodian.
See Item 10(g)(4).
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(i) Any other principal feature of the securities issued by the trust
or any other principal right, privilege or obligation not covered
by subdivisions (a) to (g) or by any other item in this form.
Incorporated herein by reference to the following sections of
each of the Prospectuses: "Summary and Diagram of the Policy,"
"Premium Payments and Allocations," "Charges and Deductions," and
"Cash Benefits." With respect to the Flexible Premium Policy, the
following sections of the Flexible Premium Prospectus are also
incorporated herein by reference: "Fixed Account" and "Death
Benefits and Changes in Face Amount." With respect to the Single
Premium Policy, the following section of the Single Premium
Prospectus is also incorporated herein by reference: "Death
Benefits."
Information Concerning the Securities Underlying the Trust's Securities
11. Describe briefly the kind or type of securities comprising the unit of
specified securities in which security holders have an interest. (if
the unit consists of a single security issued by an investment
company, name such investment company and furnish a description of the
type of securities comprising the portfolio of such investment
company.
Incorporated herein by reference to the following section of each
of the Prospectuses: "General Information About AUL, the Separate
Account and the Funds."
12. If the trust is the issuer of periodic payment plan certificates and
if any underlying securities were issued by another investment
company, furnish the following information for each such company:
Since underlying securities will currently be issued by six
investment companies, information is provided for each company:
Company No. 1:
(a) Name of Company.
AUL American Series Fund, Inc.
(b) Name and principal business address of depositor.
The Company is the depositor of the Trust. See Item 2.
(c) Name and principal business address of trustee or custodian.
The Bank of New York, 110 Washington Street, New York, NY.
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(d) Name and principal business address of principal underwriter.
American United Life Insurance Company (R), One American Square,
P.O. Box 368, Indianapolis, IN 46206.
(e) The period during which the securities of such company have been
the underlying securities.
No underlying securities have yet been acquired by the Separate
Account.
Company No. 2:
(a) Name of Company
Alger American Fund
(b) Name and principal business address of depositor.
The Company is the depositor of the Trust. See Item 2.
(c) Name and principal business address of trustee or custodian.
Custodial Trust Company, 101 Carnegie Center, Princeton, NJ 08540.
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(d) Name and principal business address of principal underwriter.
Fred Alger & Company, Inc., 30 Montgomery St., Jersey City, NJ
07302.
(e) The period during which the securities of such company have been
the underlying securities.
No underlying securities have yet been acquired by the Separate
Account.
Company No. 3
(a) Name of Company
American Century Variable Portfolios, Inc.
(b) Name and principal business address of depositor.
The Company is the depositor of the Trust. See Item 2.
(c) Name and principal business address of trustee or custodian.
Chase Manhattan Bank, 770 Broadway, New York, NY 10036 and UMB
Bank, 10th & Grand, Kansas City, MO 64105.
(d) Name and principal business address of principal underwriter.
American Century Investment Services, 4500 Main, Kansas City,
MO 64111.
(e) The period during which the securities of such company have been
the underlying securities.
No underlying securities have yet been acquired by the Separate
Account.
Company No. 4
(a) Name of Company
Fidelity Variable Insurance Products Fund
(b) Name and principal business address of depositor.
The Company is the depositor of the Trust. See Item 2.
(c) Name and principal business address of trustee or custodian.
Bank of New York, 110 Washington Street, New York, NY; The Chase
Manhattan Bank, N.A., 1211 Avenue of the Americas, New York, NY
10036; and Brown Brothers Harriman & Co., 40 Water Street, Boston,
MA.
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(d) Name and principal business address of principal underwriter.
Fidelity Management and Reseach Corp., 82 Devonshire St.,
Boston, MA.
(e) The period during which the securities of such company have been
the underlying securities.
No underlying securities have yet been acquired by the Separate
Account.
Company No. 5
(a) Name of Company
Fidelity Variable Insurance Products Fund II
(b) Name and principal business address of depositor.
The Company is the depositor of the Trust. See Item 2.
(c) Name and principal business address of trustee or custodian.
Bank of New York, 110 Washington Street, New York, NY; Chase
Manhattan Bank, N.A., 1211 Avenue of the Americas, New York, NY
10036; and Brown Brothers Harriman & Co., 40 Water Street, Boston,
MA.
(d) Name and principal business address of principal underwriter.
Fidelity Management and Research Corp., 82 Devonshire St.,
Boston, MA.
(e) The period during which the securities of such company have been
the underlying securities.
No underlying securities have yet been acquired by the Separate
Account.
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Company No. 6
(a) Name of Company
T. Rowe Price Equity Series, Inc.
(b) Name and principal business address of depositor.
The Company is the depositor of the Trust. See Item 2.
(c) Name and principal business address of trustee or custodian.
State Street Bank and Trust Company, 225 Franklin Street, Boston,
MA 02110.
(d) Name and principal business address of principal underwriter.
T. Rowe Price Investment Services, Inc., 100 East Pratt Street,
Baltimore, MD 21202.
(e) The period during which the securities of such company have been
the underlying securities.
No underlying securities have yet been acquired by the Separate
Account.
Information Concerning Load, Fees, Charges and Expenses
13. (a) Furnish the following information with respect to each load, fee,
expense or charge to which (1) principal payments, (2) underlying
securities, (3) distributions, (4) cumulated or reinvested
distributions or income, and (5) redeemed or liquidated assets of
the trust's securities are subject:
(A) the nature of such load, fee, expense or charge;
(B) the amount thereof;
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(C) the name of the person to whom such amounts are paid and his
relationship to the trust;
(D) the nature of the services performed by such person in
consideration for such load, fee, expense or charge.
Incorporated herein by reference to the following section of each
of the Prospectuses: "Charges and Deductions."
(b) For each installment payment type of periodic payment plan
certificate of the trust, furnish the following information with
respect to sales load and other deductions from principal
payments.
Not applicable.
(c) State the amount of total deductions as a percentage of the net
amount invested for each type of security issued by the trust.
State each different sales charge available as a percentage of the
public offering price and as a percentage of the net amount
invested. List any special purchase plans or methods established
by rule or exemptive order that reflect scheduled variations in,
or elimination of, the sales load; and identify each class of
individuals or transactions to which such plans apply.
Incorporated herein by reference to the following section of each
of the Prospectuses: "Charges and Deductions."
(d) Explain fully the reasons for any difference in the price at which
securities are offered generally to the public, and the price at
which securities are offered for any class of transactions to any
class or group of individuals, including officers, directors, or
employees of the depositor, trustee, custodian or principal
underwriter.
Incorporated herein by reference to the following section of each
of the Prospectuses: "Charges and Deductions."
(e) Furnish a brief description of any loads, fees, expenses or
charges not covered in Item 13(a) which may be paid by security
holders in connection with the trust or its securities.
Incorporated herein by reference to the following sections of each
of the Prospectuses: "Premium Payments and Allocations - Transfer
Privilege;" and "Illustrations of Account Values, Cash Values,
Death Benefits and Accumulated Premium Payments." With respect to
the Flexible Premium Policy, the following section of the Flexible
Premium Prospectus is also incorporated herein by reference:
"Fixed Account - Transfers from Fixed Account."
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(f) State whether the depositor, principal underwriter, custodian or
trustee, or any affiliated person of the foregoing may receive
profits or other benefits not included in the answer to Item 13(a)
or 13(d) through the sale or purchase of the trust's securities or
underlying securities or interests in underlying securities, and
describe fully the nature and extent of such profits or benefits.
Incorporated herein by reference to the following section of each
of the Prospectuses: "General Information About AUL, the Separate
Account and the Funds - The Funds." Neither AUL nor any affiliated
persons of the Company may receive any profit or any other benefit
from Premium payments under the Policies or the investments held
in the Separate Account not included in the answer to Item 13(a)
or (e) through the sale or purchase of the Policies or shares of
the Funds, except that (1) the Company may receive a profit to the
extent that the Cost of Insurance Charge under the Policy exceeds
the actual amounts needed to pay benefits, (2) favorable mortality
or expense experience may cause the insurance provided under a
Policy to be profitable to the Company, and (3) the Company will
compensate certain other persons, including Company agents, for
services rendered in connection with the distribution of a Policy,
as described in Item 38, but such payments will be made from the
Company's general account.
(g) State the percentage that the aggregate annual charges and
deductions for maintenance and other expenses of the trust bear to
the dividend and interest income from the trust property during
the period covered by the financial statement filed herewith.
Not applicable.
Information Concerning the Operations of the Trust
14. Describe the procedure with respect to applications (if any) and the
issuance and authentication of the trust's securities, and state the
substance of the provisions of any indenture or agreement pertaining
thereto.
Incorporated herein by reference to the following sections of each
of the Prospectuses: "Premium Payments and Allocations" and
"Summary and Diagram of the Policy"
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15. Describe the procedure with respect to the receipt of payments from
purchasers of the trust's securities and the handling of the proceeds
thereof, and state the substance of the provisions of any indenture or
agreement pertaining thereto.
Incorporated herein by reference to the following section of each
of the Prospectuses: "Premium Payments and Allocations."
16. Describe the procedure with respect to the acquisition of underlying
securities and the disposition thereof, and state the substance of the
provisions of any indenture or agreement pertaining thereto.
Incorporated herein by reference to the following sections of
each of the Prospectuses: "General Information About AUL, the
Separate Account and the Funds;" and "Charges and Deductions -
Fund Expenses."
17. (a) Describe the procedure with respect to withdrawal or redemption
by security holders.
See Items 10(c), (d), (e) and (i).
(b) Furnish the names of any persons who may redeem or repurchase, or
are required to redeem or repurchase, the trust's securities or
underlying securities from security holders, and the substance of
the provisions of any indenture or agreement pertaining thereto.
AUL is required to process all redemption requests as described
in the following sections of each of the Prospectuses which are
incorporated herein by reference: "Premium Payments and
Allocations - Transfer Privilege;" "Charges and Deductions -
Surrender Charges;" and "Cash Benefits - Policy Loans," "Cash
Benefits - Surrendering the Policy for Net Cash Value," "Cash
Benefits - Partial Surrenders," and "Cash Benefits - Settlement
Options." With respect to the Flexible Premium Policy, the
following sections of the Flexible Premium Prospectus is also
incorporated herein by reference: "Fixed Account - Transfers from
Fixed Account" and "Fixed Account - Payment Deferral." The Funds
will redeem their shares upon the Company's request in accordance
with the 1940 Act.
(c) Indicate whether repurchased or redeemed securities will be
canceled or may be resold.
A Policy, once totally surrendered, may not be resold. However, a
Policy that has lapsed may be reinstated as described in the
section of the Prospectuses entitled "Other Information About the
Policies and AUL - Reinstatement," which section is incorporated
herein by reference.
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18. (a) Describe the procedure with respect to the receipt, custody and
disposition of the income and other distributable funds of the
trust and state the substance of the provisions of any indenture
or agreement pertaining thereto.
Incorporated herein by reference to the following sections of
each of the Prospectuses: "General Information About AUL, the
Separate Account and the Funds - Separate Account;" "Tax
Considerations;" and "Other Policy Benefits and Provisions -
Dividends."
(b) Describe the procedure, if any, with respect to the reinvestment
of distributions to security holders and state the substance of
the provisions of any indenture or agreement pertaining thereto.
Not applicable.
(c) If any reserves or special funds are created out of income or
principal, state with respect to each such reserve or fund the
purpose and ultimate disposition thereof, and describe the manner
of handling of same.
Not applicable.
(d) Submit a schedule showing the periodic and special distributions
which have been made to security holders during the three years
covered by the financial statements filed herewith. State for
each such distribution the aggregate amount and amount per share.
If distributions from sources other than current income have been
made, identify each such other source and indicate whether such
distribution represents the return of principal payments to
security holders. If payments other than cash were made, describe
the nature thereof, the account charged and the basis of
determining the amount of such charge.
Not applicable. No distributions have been made.
19. Describe the procedure with respect to the keeping of records and
accounts of the trust, the making of reports and the furnishing of
information to security holders, and the substance of the provisions
of any indenture or agreement pertaining thereto.
Incorporated herein by reference to the following section of each
of the Prospectuses: "Other Policy Benefits and Provisions -
Reports to Policy Owners."
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20. State the substance of the provisions of any indenture or agreement
concerning the trust with respect to the following:
(a) Amendments to such indenture or agreement.
Not applicable.
(b) The extension or termination of such indenture or agreement.
Not applicable.
(c) The removal or resignation of the trustee or custodian, or the
failure of the trustee or custodian to perform its duties,
obligations and functions.
Not applicable.
(d) The appointment of a successor trustee and the procedure if a
successor trustee is not appointed.
Not applicable. The Separate Account has no trustee.
(e) The removal or resignation of the depositor, or the failure of
the depositor to perform its duties, obligations and functions.
AUL acts as depositor of the Separate Account. There are no
provisions relating to the removal or resignation of the
depositor or the failure of the depositor to perform its duties,
obligations and functions.
(f) The appointment of a successor depositor and the procedure if a
successor depositor is not appointed.
There are no provisions relating to the appointment of a
successor depositor and the procedure if a successor depositor is
not appointed.
21. (a) State the substance of the provisions of any indenture or
agreement with respect to loans to security holders.
Incorporated herein by reference to the following section of each
of the Prospectuses: "Cash Benefits - Policy Loans."
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(b) Furnish a brief description of any procedure or arrangement by
which loans are made available to security holders by the
depositor, principal underwriter, trustee or custodian, or any
affiliated person of the foregoing.
Incorporated herein by reference to the following section of each
of the Prospectuses: "Cash Benefits - Policy Loans."
(c) If such loans are made, furnish the aggregate amount of loans
outstanding at the end of the last fiscal year, the amount of
interest collected during the last fiscal year allocated to the
depositor, principal underwriter, trustee or custodian or
affiliated person of the foregoing and the aggregate amount of
loans in default at the end of the last fiscal year covered by
financial statements filed herewith.
Because the Separate Account has yet to commence operations, no
such loans have been made, no interest has been collected and no
loans are in default.
22. State the substance of the provisions of any indenture or agreement
with respect to limitations on the liabilities of the depositor,
trustee or custodian, or any other party to such indenture or
agreement.
Not applicable.
23.
Describe any bonding arrangement for officers, directors, partners or
employees of the depositor or principal underwriter of the trust,
including the amount of coverage and the type of bond.
Not applicable.
24. State the substance of any other material provisions of any indenture
or agreement concerning the trust or its securities and a description
of any other material functions or duties of the depositor, trustee or
custodian not stated in Item 10 or Items 14 to 23 inclusive.
Incorporated herein by reference to the following section of each
of the Prospectuses: "Other Information About the Policies and
AUL."
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III.
ORGANIZATION, PERSONNEL AND AFFILIATED PERSONS-
OF DEPOSITOR
Organization and Operations of Depositor
25. State the form or organization of the depositor of the trust, the name
of the state or other sovereign power under the laws of which the
depositor was organized and the date of organization.
AUL is a mutual life insurance company originally incorporated as
a fraternal society in 1877 under the laws of the federal
government, and reincorporated under the laws of the State of
Indiana in 1933.
26. (a) Furnish the following information with respect to all fees
received by the depositor of the trust in connection with the
exercise of any functions or duties concerning securities of the
trust during the period covered by the financial statements filed
herewith.
Not applicable.
(b) Furnish the following information with respect to any fee or any
participation in fees received by the depositor from any
underlying investment company or any affiliated person or
investment adviser of such company.
Incorporated herein by reference to the following section of each
of the Prospectuses: "General Information About AUL, the Separate
Account and the Funds - The Funds."
27. Describe the general character of the business engaged in by the
depositor including a statement as to any business other than that of
depositor of the trust. If the depositor acts or acted in any capacity
with respect to any investment company or companies other than the
trust, state the name or names of such company or companies, their
relationship, if any, to the trust, and the nature of the depositor's
activities therewith. If the depositor has ceased to act in such named
capacity, state the date of and circumstances surrounding such
cessation.
AUL is currently licensed to transact life insurance business in
48 states and the District of Columbia. AUL conducts a
conventional life insurance, reinsurance, and annuity business.
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28. (a) Furnish as at latest practicable date the following information
with respect to the depositor of the trust, with respect to each
officer, director, or partner of the depositor, and with respect
to each natural person directly or indirectly owning, controlling
or holding with power to vote 5% or more of the outstanding
voting securities of the depositor.
(i) name and principal business address;
(ii) nature of relationship or affiliation with depositor of the
trust;
(iii) ownership of all securities of the depositor;
(iv) ownership of all securities of the trust;
(v) other companies of which each person named above is presently
officer, director, or partner.
Incorporated herein by reference to the following section of each
of the Prospectuses: "Other Information About the Policies and
AUL - AUL Directors and Executive Officers." No natural person
directly or indirectly owns, controls or holds with power to vote
five percent or more of the outstanding voting securities of the
Company.
(b) Furnish a brief statement of the business experience during the
last five years of each officer, director or partner of the
depositor.
Incorporated herein by reference to the following section of each
of the Prospectuses: "Other Information About the Polices and AUL
- AUL Directors and Executive Officers."
Companies Owning Securities of Depositor
29. Furnish as at latest practicable date the following information with
respect to each company which directly or indirectly owns, controls or
holds power to vote 5% or more of the outstanding voting securities of
the depositor: (a) name and principal business address; (b) nature of
business; (c) ownership of all securities of the depositor.
Not applicable.
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Controlling Persons
30. Furnish as at latest practicable date the following information with
respect to any person, other than those covered by Items 28, 29 and 42
who directly or indirectly controls the depositor.
Not applicable.
Compensation of Officers and Directors of Depositor
Compensation of Officers of Depositor
31. Furnish the following information with respect to the remuneration for
services paid by the depositor during the last fiscal year covered by
financial statements filed herewith:
(a) directly to each of the officers or partners of the depositor
directly receiving the three highest amounts of remuneration;
(b) directly to all officers or partners of the depositor as a group
exclusive of persons whose remuneration is included under Item
31(a), stating separately the aggregate amount paid by the
depositor itself and the aggregate amount paid by all the
subsidiaries;
(c) indirectly or through subsidiaries to each of the officers or
partners of the depositor.
Not applicable. No fees were paid with respect to services to the
Separate Account.
Compensation of Directors
32. Furnish the following information with respect to the remuneration for
services exclusive of remuneration reported under item 31, paid by the
depositor during the last fiscal year covered by financial statements
filed herewith:
(a) the aggregate direct remuneration to directors;
(b) indirectly or through subsidiaries to directors.
Not applicable. See Item 31.
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Compensation to Employees
33. (a) Furnish the following information with respect to the aggregate
amount of remuneration for services of all employees of the
depositor (exclusive of persons whose remuneration is reported in
Items 31 and 32) who received remuneration in excess of $10,000
during the last fiscal year covered by financial statements filed
herewith from the depositor and any of its subsidiaries.
Not applicable. See Item 31.
(b) Furnish the following information with respect to the
remuneration for services paid directly during the last fiscal
year covered by financial statements filed herewith to the
following classes of persons (exclusive of those persons covered
by Item 33(a)): (1) Sales managers, branch managers, district
managers and other persons supervising the sale of registrant's
securities; (2) Salesmen'? sales agents, canvassers and other
persons making solicitations but not in supervisory capacity; (3)
Administrative and clerical employees; and (4) others (specify).
If a person is employed in more than one capacity, classify
according to predominant type of work.
Not applicable.
Compensation to Other Persons
34. Furnish the following information with respect to the aggregate amount
of compensation for services paid any person (exclusive of persons
whose remuneration is reported in Items 31, 32 and 33), whose
aggregate compensation in connection with services rendered with
respect to the trust in all capacities exceeded $10,000 during the
last fiscal year covered by financial statements filed herewith from
the depositor and any of its subsidiaries.
Not applicable. See Item 31.
IV.
DISTRIBUTION AND REDEMPTION OF SECURITIES
Distribution of Securities
35. Furnish the name of the states in which sales of the trust's
securities (A) are currently being made, (B) are presently proposed to
be made, and (C) have been discontinued, indicating by appropriate
letter the status with respect to each state.
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No sales are currently being made. It is proposed that Policies
will initially be offered in all jurisdictions where AUL has the
authority to sell the Policies. The sale of Policies has not been
discontinued in any states (see Item 27).
36. If sales of the trust's securities have at any time since, January 1,
1936 been suspended for more than a month describe briefly the reasons
for such suspension.
Not applicable.
37. (a) Furnish the following information with respect to each instance
where, subsequent to January 1, 1937, any federal or state
governmental officers', agency" or regulatory body denied
authority to distribute securities of the trust, excluding a
denial which was merely a procedural step prior to any
determination by such officer, etc. and which denial was
subsequently rescinded.
(1) Name of officer, agency or body.
(2) Date of denial.
(3) Brief statement of reason given for revocation.
Not applicable.
(b) Furnish the following information with regard to each instance
where, subsequent to January 1, 1937, the authority to distribute
securities of the trust has been revoked by any federal or state
governmental officer, agency or regulatory body.
Not applicable.
38. (a) Furnish a general description of the method of distribution of
securities of the trust.
Incorporated herein by reference to the following sections of
each of the Prospectuses: "Other Information About the Policies
and AUL - Sale of the Policies."
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<PAGE>
(b) State the substance of any current selling agreement between each
principal underwriter and the trust or the depositor, including a
statement as to the inception and termination dates of the
agreement, any renewal and termination provisions, and any
assignment provisions.
Incorporated herein by reference to the exhibits filed as part of
the Registration Statements.
(c) State the substance of any current agreements or arrangements of
each principal underwriter with dealers, agents, salesmen, etc.
with respect to commissions and overriding commissions,
territories, franchises, qualifications and revocations. If the
trust is the issuer of periodic payment plan certificates,
furnish schedules of commissions and the bases thereof. In lieu
of a statement concerning schedules of commissions, such
schedules of commissions may be filed as Exhibit A(3)(c).
Incorporated herein by reference to the exhibits filed as part of
the Registration Statements.
Information Concerning Principal Underwriter
39. (a) State the form of organization of each principal underwriter of
securities of the trust, the name of the state or other sovereign
power under the laws of which each underwriter was organized and
the date of organization.
See Item 25.
(b) State whether any principal underwriter currently distributing
securities of the trust is a member of the National Association
of Securities Dealers, Inc.
No Policies are currently being offered. AUL is presently a
member of the National Association of Securities Dealers, Inc.
(the "NASD").
40. (a) Furnish the following information with respect to all fees
received by each principal underwriter of the trust from the sale
of securities of the trust and any other functions in connection
therewith exercised by such underwriter in such capacity or
otherwise during the period covered by the financial statements
filed herewith.
Not applicable.
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(b) Furnish the following information with respect to any fee or any
participation in fees received by each principal underwriter from
any underlying investment company or any affiliated person or
investment adviser of such company:
(1) The nature of such fee or participation.
(2) The name of the person making payment.
(3) The nature of the services rendered in consideration for such
fee or participation.
(4) The aggregate amount received during the last fiscal year
covered by the financial statements filed herewith.
See Item 26.
41. (a) Describe the general character of the business engaged in by each
principal underwriter, including a statement as to any business
other than the distribution of securities of the trust. If a
principal underwriter acts or has acted in any capacity with
respect to any investment company or companies other than the
trust, state the name or names of such company or companies,
their relationship, if any, to the trust and the nature of such
activities. If a principal underwriter has ceased to act in such
named capacity, state the date of and the circumstances
surrounding such cessation.
See Item 27.
(b) Furnish as at latest practicable date the address of each branch
office of each principal underwriter currently selling securities
of the trust and furnish the name and residence address of the
person in charge of such office.
Not applicable.
(c) Furnish the number of individual salesmen of each principal
underwriter through whom any of the securities of the trust were
distributed for the last fiscal year of the trust covered by the
financial statements filed herewith and furnish the aggregate
amount of compensation received by such salesmen in such year.
Not applicable. Securities of the Separate Account have not yet
been distributed by the underwriter or any of its
representatives.
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<PAGE>
42. Furnish as at latest practicable date the following information with
respect to each principal underwriter currently distributing
securities of the trust and with respect to each of the officers,
directors or partners of such underwriter:
(a) name and principal business address;
(b) position with principal underwriter;
(c) ownership of securities of the trust.
Not applicable.
43. Furnish, for the last fiscal year covered by the financial statements
filed herewith, the amount of brokerage commissions received by any
principal underwriter who is a member of a national securities
exchange and who is currently distributing the securities of the trust
or effecting transactions for the trust in the portfolio securities of
the trust.
Not applicable.
Offering Price or Acquisition Valuation of Securities of the Trust
44. (a) Furnish the following information with respect to the method of
valuation used by the trust for purpose of determining the
offering price to the public of securities issued by the trust or
the valuation of shares or interests in the underlying securities
acquired by the holder of a periodic payment plan certificate:
(1) The source of quotations used to determine the value of
portfolio securities.
(2) Whether opening, closing, bid, asked or any other price is
used.
(3) Whether price is as of the day of sale or as of any other
time.
(4) A brief description of the methods used by registrant for
determining other assets and liabilities including accrual
for expenses and taxes (including taxes on unrealized
appreciation).
(5) Other items which registrant adds to the net asset value in
computing offering price of its securities.
(6) Whether adjustments were made for fractions:
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<PAGE>
(i) before adding distributor's compensation (load); and
(ii) after adding distributor's compensation (load).
Incorporated herein by reference to the following section of each
of the Prospectuses: "How Your Account Values Vary."
(b) Furnish a specimen schedule showing the components of the
offering price of the trust's securities as at the latest
practicable date.
Incorporated herein by reference to the following section of each
of the Prospectuses: "Charges and Deductions."
(c) If there is any variation in the offering price of the trust's
securities to any person or classes of persons other than
underwriters, state the nature and amount of such variation and
indicate the person or classes of persons to whom such offering
is made.
Incorporated herein by reference to the following section of each
of the Prospectuses: "Charges and Deductions."
45. Furnish the following information with respect to any suspension of
the redemption rights of the securities issued by the trust during the
three fiscal years covered by the financial statements filed herewith:
(a) by whose action redemption rights where suspended.
(b) the number of days notice given to security holders prior to
suspension of redemption rights.
(c) reason for suspension.
(d) period during which suspension was in effect.
Not applicable.
Redemption Valuation of Securities of the Trust
46. (a) Furnish the following information with respect to the method of
determining the redemption or withdrawal valuation of securities
issued by the trust:
(1) The source of quotations used to determine the value of
portfolio securities.
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<PAGE>
Incorporated herein by reference to the following sections of
each of the Prospectuses: "How Your Account Values Vary -
Determining the Account Value;" and "Cash Benefits - Surrender
Charges."
(2) Whether opening, closing, bid, asked or any other price is
used.
Incorporated herein by reference to the following section of each
of the Prospectuses: "How Your Account Values Vary."
(3) Whether price is as of the day of sale or as of any other
time.
At the net asset value next computed after a written request, in
a form satisfactory to the Company, is received at the Company's
Home Office.
(4) A brief description of the methods used by registrant for
determining other assets and liabilities including accrual
for expenses and taxes (including taxes on unrealized
appreciation).
Incorporated herein by reference to the following section of each
of the Prospectuses: "How Your Account Values Vary."
(5) Other items which registrant deducts from the net asset value
in computing redemption value of its securities.
Incorporated herein by reference to the following section of each
of the Prospectus: "Charges and Deductions - Surrender Charge."
(6) Whether adjustments are made for fractions.
Not applicable.
(b) Furnish a specimen schedule showing the components of the
redemption price to the holders of the trust's securities as at
latest practicable date.
Incorporated herein by reference to the following section of each
of the Prospectuses: "Charges and Deductions - Surrender Charge."
Purchase and Sale of Interests in Underlying Securities from and to
Security Holders
47. Furnish a statement as to the procedure with respect to the
maintenance of a position in the underlying securities or interests in
the underlying securities, the extent and nature thereof and the
person who maintains such a position. Include a description of the
procedure with respect to the purchase of underlying securities or
interests in underlying securities from security holders who exercise
redemption or withdrawal rights and the sale of such underlying
securities and interests in the underlying securities to other
security holders. State whether the method of valuation of such
underlying securities or interest in underlying securities differs
from that set forth in Items 44 and 46. If any item of expenditure
included in the determination of the valuation is not or may not
actually be incurred or expended, explain the nature of such item and
who may benefit from the transaction.
27
<PAGE>
Incorporated herein by reference to the following sections of
each of the Prospectuses: "Premium Payments and Allocations -
Premium Allocations and Crediting;" and "General Information
About AUL, the Separate Account and the Funds - Separate Account"
and "General Information About AUL, the Separate Account and the
Funds - The Funds."
V.
INFORMATION CONCERNING THE TRUSTEE
OR CUSTODIAN
48. Furnish the following information as to each trustee or custodian of
the trust:
(a) Name and principal business address.
(b) Form of organization.
(c) State or other sovereign power under the laws of which the
trustees or custodian was organized.
(d) Name of governmental supervising or examining authority.
Not applicable.
49. State the basis for payment of fees or expenses of the trustee or
custodian for services rendered with respect to the trust and its
securities, and the aggregate amount thereof for the last fiscal year.
Indicate the person paying such fees or expenses. if any fees or
expenses are prepaid, state the unearned amount.
Not applicable.
50. State whether the trustee or custodian or any other person has or may
create a lien on the assets of the trust, and if so, give full
particulars, outlining the substance of the provisions of any
indenture or agreement with respect thereto.
28
<PAGE>
Not applicable. The assets in the Separate Account are owned by
AUL. Income, gains and losses, realized or unrealized, of the
Separate Account are credited to or charged against the Separate
Account without regard to any other income, gains or losses of
AUL. Applicable insurance law provides that assets equal to the
reserves and other contract liabilities of the Separate Account
are not chargeable with liabilities arising out of any other
business of AUL. AUL is obligated to pay all benefits provided
under the Policies.
VI.
INFORMATION CONCERNING INSURANCE OF
HOLDERS OF SECURITIES
51. Furnish the following information with respect to insurance of holders
of securities:
(a) The name and address of the insurance company.
The name and address of the Company are set forth in the answer
to Item 2.
(b) The types of Policies and whether individual or group Policies.
Incorporated herein by reference to the following sections of
each of the Prospectuses: "Summary and Diagram of the Policy."
The Single Premium Policy is a modified single premium variable
life insurance policy issued on an individual basis. The Flexible
Premium Policy is a flexible premium adjustable variable
universal life insurance policy issued on an individual basis.
(c) The types of risks insured and excluded.
The Company assumes the risk that the deductions made for
insurance risks will prove inadequate to cover actual insurance
costs. The Company also assumes the risk that deductions for
expenses may be inadequate.
(d) The coverage of the policies.
Incorporated herein by reference to the following section of each
of the Prospectuses: "Cash Benefits." With respect to the
Flexible Premium Policy, the following section of the Flexible
Premium Prospectus is incorporated herein by reference: "Death
Benefits and Changes in Face Amount." With respect to the Single
Premium Policy, the following section of the Single Premium
Prospectus is incorporated herein by reference: "Death Benefits."
29
<PAGE>
(e) The beneficiaries of such policies and the uses to which the
proceeds of policies must be put.
The recipient of the benefits of the insurance undertakings
described in the answer to Item 51(c) is either the Owner or the
beneficiary under a Policy. There are no restrictions on the use
of the proceeds other than those established by an Owner.
(f) The terms and manners of cancellation and of reinstatement.
Incorporated herein by reference to the following sections of
each of the Prospectuses: "Other Policy Benefits and Provisions -
Reinstatement;" and "Other Information About the Policies and AUL
- Policy Termination."
(g) The method of determining the amount of premiums to be paid by
holders of securities.
Incorporated herein by reference to the following section of each
of the Prospectuses: "Premium Payments and Allocations -
Premiums."
(h) The amount of aggregate premiums paid to the insurance company
during the last fiscal year.
Not applicable.
(i) Whether any person other than the insurance company receives any
part of such premiums, the name of each such person and the
amounts involved, and the nature of the services rendered
therefor.
No person other than the Company receives any part of the amounts
deducted for assumption of mortality and expense risks. The
Company may, from time to time, enter into reinsurance treaties
with other insurers whereby, such insurers may agree to reimburse
the Company for mortality costs and certain expenses. However,
any such arrangements or contracts do not affect the Policies or
the benefits paid thereunder.
(j) The substance of any other material provisions of any indenture
or agreement of the trust relating to insurance.
None.
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VII.
POLICY OF REGISTRANT
52. (a) Furnish the substance of the provisions of any indenture or
agreement with respect to the conditions upon which and the
method of selection by which particular portfolio securities must
or may be eliminated from assets of the trust or must or may be
replaced by other portfolio securities. If an investment adviser
or other person is to be employed in connection with such
selection, elimination or substitution, state the name of such
person, the nature of any affiliation to the depositor, trustee
or custodian, and any principal underwriter, and the amount of
remuneration to be received for such services. If any particular
person is not designated in the indenture or agreement, describe
briefly the method of selection of such person.
Incorporated herein by reference to the following sections of
each of the Prospectuses: "General Information About AUL, the
Separate Account and the Funds" and "Other Information About the
Policies and AUL - Addition, Deletion or Substitution of
Investments."
(b) Furnish the following information with respect to each
transaction involving the elimination of any underlying security
during the period covered by the financial statements filed
herewith:
(1) Title of security.
(2) Date of elimination.
(3) Reasons for elimination.
(4) The use of the proceeds from the sale of the eliminated
security.
(5) Title of security substituted, if any.
(6) Whether depositor, principal underwriter, trustee or
custodian or any affiliated person of the foregoing were
involved in the transaction.
(7) Compensation or remuneration received by each such person
directly or indirectly as a result of the transaction.
Not applicable.
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(c) Describe the policy of the trust with respect to the substitution
and elimination of the underlying securities of the trust with
respect to:
(1) the grounds for elimination and substitution;
(2) the type of securities which may be substituted;
(3) whether the acquisition of such substituted security or
securities would constitute the concentration of investment
in a particular industry or group of industries or would
conform to a Policy of concentration of investment in a
particular industry or group of industries;
(4) whether such substituted securities may be the securities of
another investment company; and
(5) the substance of the provisions of any indenture or agreement
which authorize or restrict the Policy of the registrant in
this regard.
See Item 52(a).
(d) Furnish a description of any policy (exclusive of policies
covered by paragraphs (a) and (b) herein) of the trust which is
deemed a matter of fundamental policy and which is elected to be
treated as such.
Not Applicable.
53. (a) State the taxable status of the trust.
Incorporated herein by reference to the following section of each
of the Prospectuses: "Tax Considerations."
(b) State whether the trust qualified for the last taxable year as a
regulated investment company as defined in Section 851 of the
Internal Revenue Code of 1954, and state its present intention
with respect to such qualifications during the current taxable
year.
The Separate Account has no operating history, but intends to
qualify as a regulated investment company in each taxable year.
32
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VIII.
FINANCIAL AND STATISTICAL INFORMATION
54. If the trust is not the issuer of periodic payment plan certificates,
furnish the following information with respect to each class or series
of its securities.
Not applicable.
55. If the trust is the issuer of periodic payment plan certificates, a
transcript of a hypothetical account shall be filed in approximately
the following form on the basis of the certificate calling for the
smallest amount of payments. The schedule shall cover a certificate of
the type currently being sold assuming that such certificate had been
sold at a date approximately ten years prior to the date of
registration or at the approximate date of organization of the trust.
Not applicable.
56. If the trust is the issuer of periodic payment plan certificates,
furnish by years for the period covered by the financial statements
filed herewith in respect of certificates sold during each period, the
following information for each fully paid type and each installment
payment type of periodic payment plan certificate currently being
issued by the trust.
Not applicable.
57. If the trust is the issuer of periodic payment plan certificates,
furnish by years for the period covered by the financial statements
filed herewith the following information for each installment payment
type of periodic payment plan certificate currently being issued by
the trust.
Not applicable.
58. If the trust is the issuer of periodic payment plan certificates,
furnish the following information for each installment payment type of
periodic payment plan certificate outstanding as at the latest
practicable date.
Not applicable.
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59. Financial statements:
Financial Statements of the Trust
The Separate Account has not yet commenced operations and,
therefore, financial statements are not available at this time.
Financial Statements of the Depositor
The financial statements of the Company will be contained in a
pre-effective amendment to each of the Registration Statements.
At that point, they will be incorporated herein by reference.
34
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IX.
EXHIBITS
The following exhibits to the Separate Account's Single Premium
Registration Statement and Flexible Premium Registration Statement as filed or
when filed on Form S-6 are incorporated herein by reference:
A. Furnish the most recent form of the following as amended to date and
current in effect:
(1) The indenture or agreement under the terms of which the trust was
organized or issued securities.
Resolution of the Board of Directors of the Depositor dated July
10, 1997 concerning AUL American Individual Variable Life Unit
Trust
(2) The indenture or agreement pursuant to which the proceeds of
payments of securities are held by the custodian or trustee, if
such indenture or agreement is not the same as the indenture or
agreement referred to in paragraph (1).
Not applicable.
(3) Distributing Contracts:
(a) Agreements between the trust and principal underwriter or
between the depositor and principal underwriter.
Not applicable.
(b) Specimen of typical agreements between principal underwriter
and dealers, managers, sales supervisors and salesmen.
Not applicable.
(c) Schedules of sales commissions
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<PAGE>
(4) Any agreement between the depositor, principal underwriter and
the custodian or trustee other than indentures or agreement set
forth in paragraphs (1), (2) and (3) with respect to the Trust or
its securities.
Not applicable.
(5) The form of each type of security:
(a) Form of Modified Single Premium Variable Life Insurance
Policy
(b) Form of Flexible Premium Adjustable Variable Life Insurance
Policy
(c) Form of Last Survivor Rider
(d) Form of Waiver of Monthly Deduction Disability
(e) Form of Guaranteed Insurance Option
(f) Form of Children's Benefit Rider
(g) Form of Other Insured/Same Insured Rider
(h) Form of Joint First-to-Die Level Term Insurance Rider
(i) Form of Waiver of Premium Disability
(j) Form of Automatic Increase Rider
(k) Form of Guaranteed Minimum Death Benefit Rider
(l) Form of Accelerated Death Benefit Rider
(6) The certificate of incorporation or other instrument of
organization and by-laws of the depositor.
(a) Articles of Incorporation of American United Life Insurance
Company(1)
(b) Bylaws of American United Life Insurance Company(1)
36
<PAGE>
(7) Any insurance policy between the Trust and the insurance company
or between the depositor and the insurance company, together with
the table of insurance premiums.
Not applicable.
(8) Any agreement between the Trust or the depositor concerning the
Trust with the issuer, depositor, principal underwriter or
investment adviser of any underlying investment company or any
affiliated person of such persons.
(a) Form of Participation Agreement between American United Life
Insurance Company(R) and Alger American Fund (2)
(b) Form of Participation Agreement between American United Life
Insurance Company(R)and American Century Variable Portfolios,
Inc. (2)
(c) Form of Participation Agreement between American United Life
Insurance Company(R)and Fidelity Variable Insurance Products
Fund (1)
(d) Form of Participation Agreement between American United Life
Insurance Company(R) and Fidelity Variable Insurance Products
Fund II (1)
(e) Form of Participation Agreement between American United Life
Insurance Company(R) and T. Rowe Price Equity Series, Inc.(2)
(9) Not applicable.
(10) Form of application for a periodic payment plan certificate.
(a) Form of Application for Modified Single Premium Variable Life
Insurance Policy
(b) Form of Application for the Flexible Premium Adjustable
Variable Life Insurance Policy
- -------------------
(1) Incorporated into the Registration Statements by reference to the
registration statement of AUL Unit Trust (File No. 33-31375) on Form N-4.
(2) Incorporated into the Registration Statements by reference to the
registration statement of AUL American Individual Unit Trust (File No.
33-79562) on Form N-4.
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<PAGE>
B. Furnish copies of each of the following:
(1) Each notice sent to security holders pursuant to Section 19
of the Act prior to the date of the filing of this form.
Not applicable.
(2) Each annual report sent to security holders covering each
fiscal year ending after January 1, 1937, exclusive of
reports, copies of which have heretofore been filed with the
Commission pursuant tot he Act.
Not applicable.
C. Furnish the name and address of each dealer to or through whom
any principal underwriter currently offering securities of the
Trust, distributed securities of the Trust during the last fiscal
year covered by the financial statements filed herewith.
Not applicable.
38
<PAGE>
SIGNATURE
Pursuant to the requirements of the Investment Company Act of 1940, the
Depositor of the Registrant has caused this registration statement to be duly
signed on behalf of the Registrant in the City of Indianapolis, and the State of
Indiana on 31st day of July, 1997.
AUL AMERICAN INDIVIDUAL VARIABLE
LIFE UNIT TRUST
(Registrant)
By: AMERICAN UNITED LIFE INSURANCE
COMPANY
(Depositor)
By: _/s/ Richard A. Wacker _____
Title: Associate General Counsel
Attest: _/s/ William R. Brown_____
Title: General Counsel and Secretary
39
