JACKSON NATIONAL SEPARATE ACCOUNT III
24F-2NT, 2000-03-29
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                                  UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                                   FORM 24F-2

                        Annual Notice of Securities Sold
                             Pursuant to Rule 24f-2

1.       Name and address of issuer:

         Jackson National Separate Account III
         5901 Executive Drive
         Lansing, MI 48911

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  issues,  check  the box but do not list  series  or
         classes): []

         Jackson National Separate Account III

3.       Investment Company Act File Number:

         811-08521

         Securities Act File Number:

         333-41153

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

         December 31, 1999

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)

4(c).    []       Check box if this is the last time the  issuer  will be filing
                  this Form.

5. Calculation of registration fee:

         (i)      Aggregate sale price of securities sold during the fiscal
                  year pursuant to section 24(f):                  $ 918,495,624

         (ii)     Aggregate price of securities redeemed or repurchased during
                  the fiscal year:                                 $ 816,125,321

         (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)]:                                       - $ 816,125,321

         (v)      Net sales -- if Item 5(i) is greater than Item 5(iv) [subtract
                  Item 5(iv) from Item 5(i)]:                      $ 102,370,303

         (vi)     Redemption credits available for use in future years
                  -- if Item 5(i) is less than Items 5(iv) [subtract
                  Item 5(iv) from Item 5(i)]:                      $       ( 0 )

         (vii)    Multiplier for determining  registration  fee (See Instruction
                  C.9):                                          x      0.000264

         (viii)   Registration  fee due  [multiply  Item  5(v)  by item  5(vii)]
                  (enter "0" if no fee is due):                  = $   27,025.76

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:
                       -----------
         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:           .
                                                              ----------

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]:                             = $   27,025.76

9.       Date the  registration  fee and any  interest  payment  was sent to the
         Commission's lockbox depository:March 29, 2000

                  Method of Delivery:
                                            [X] Wire Transfer
                                            [ ] Mail or other means

                                   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/ Andrew B. Hopping
                                    --------------------------------------------
                                    Andrew B. Hopping, Chief Financial Officer &
                                    Executive Vice President

Date: March 27, 2000

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


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