COVA VARIABLE LIFE ACCOUNT FIVE
N-8A, 1997-10-09
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                                                        File  Number:  811-

                       SECURITIES AND EXCHANGE COMMISSION
                              Washington, DC 20549

                                    FORM N-8A

                          NOTIFICATION OF REGISTRATION
                      FILED PURSUANT TO SECTION 8(a) OF THE
                         INVESTMENT COMPANY ACT OF 1940

     The  undersigned  investment  company  hereby  notifies the  Securities and
Exchange  Commission  that it registers  under and pursuant to the provisions of
Section 8(a) of the Investment  Company Act of 1940 and in connection  with such
notification of registration submits the following information:

Name:   COVA VARIABLE LIFE ACCOUNT FIVE

Address of Principal Business Office:
        573 Anton Boulevard
        Costa Mesa, CA 92626

Telephone  Number:  (800)  523-1661

Name  and  Address  of  Agent  for  Service  of  Process:
      Frances S. Cook
      First Vice  President and Associate Counsel
      Cova  Financial Life  Insurance  Company
      One  Tower  Lane,  Suite  3000
      Oakbrook  Terrace,  IL  60181-4644

Check  Appropriate  Box:

     Registrant  is  filing  a  Registration  pursuant  to  Section  8(b) of the
Investment  Company Act of 1940  concurrently  with the filing of Form N-8A: 
[X] Yes [ ] No

                                   SIGNATURES

     Pursuant to the  requirements  of the  Investment  Company Act of 1940, the
depositor of the registrant has caused this  notification  of registration to be
duly  signed on behalf of the  registrant  in the City of  Oakbrook  Terrace and
State of Illinois on the 3rd day of September, 1997.


SIGNATURE:      COVA  VARIABLE  LIFE  ACCOUNT FIVE
                ___________________________________
                        Registrant

            By:  Cova  Financial  Life Insurance  Company



            By: /s/LORRY J. STENSRUD
                ___________________________________



ATTEST:
            By: /s/FRANCES S. COOK
                __________________
                      Name

                  Associate Counsel
                ___________________
                      Title


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