UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
FORM N-8F
I. General Identifying Information
1. Reason fund is applying to deregister (check only one; for
descriptions, see Instruction 1 above):
( Merger
( Liquidation
# Abandonment of Registration (Note: Abandonments of
Registration answer only questions 1 through 15, 24 and 25
of this form and complete verification at the end of the
form.)
( Election of status as a Business Development Company
(Note: Business Development Companies answer only questions
1 through 10 of this form and complete verification at the
end of the form.)
2. Name of fund: Farm Bureau Life Annuity Account III
3. Securities and Exchange Commission File No.: 811-08975
4. Is this initial Form N-8F or an amendment to a previously
filed Form N-8F?
# Initial Application ( Amendment
5. Address of Principal Executive Office (include No. & Street,
City, State, Zip Code):
5400 University Avenue
West Des Moines, IA 50266
6. Name, address and telephone number of individual the
Commission staff should contact with any questions regarding this
form:
Lloyd F. Bernard
Sutherland Asbill & Brennan LLP
1275 Pennsylvania Avenue, N.W.
Washington, D.C. 20004
202-383-0261
or
Kristi Rojohn
Farm Bureau Life Insurance Company
5400 University Avenue
West Des Moines, IA 50266
515-226-6028
7. Name, address and telephone number of individual or entity
responsible for maintenance and preservation of fund records in
accordance with rules 31a-1 and 31a-2 under the Act [17 CFR
270.31a-1,.31a-2]:
Farm Bureau Life Insurance Company
5400 University Avenue
West Des Moines, IA 50266
1-515-225-5400
NOTE: Once deregistered, a fund is still required to maintain
and preserve the records described in rules 31a-1 and 31a-2 for
the periods specified in those rules.
8. Classification of fund (check only one):
( Management company;
# Unit investment trust; or
( Face-amount certificate company.
8. Subclassification if the fund is a management company (check
only one):
( Open-end ( Closed-end
9. State law under which the fund was organized or formed
(e.g., Delaware, Massachusetts):
Iowa
10. Provide the name and address of each investment adviser of
the fund (including sub-advisers) during the last five years,
even if the fund's contract with those advisers have been
terminated:
The fund is a unit investment trust separate account
and does not have its own investment adviser or
investment sub-advisers.
11. Provide the name and address of each principal underwriter
of the fund during the last five years, even if the fund's
contracts with those underwriters have been terminated:
EquiTrust Marketing Services, LLC
5400 University Avenue
West Des Moines, IA 50266
13. If the fund is a unit investment trust ("UIT") provide:
(a) Depositor's name(s) and address(es):
Farm Bureau Life Insurance Company
5400 University Avenue
West Des Moines, IA 50266
(b) Trustee's name(s) and address(es): None
14. Is there a UIT registered under the Act that served as a
vehicle for investment in the fund (e.g., an insurance company
separate account)?
( Yes # No
If Yes, for each UIT state:
Name(s):
File No.: 811-
Business Address:
15. (a) Did the fund obtain approval from the board of
directors concerning the decision to engage in a Merger,
Liquidation or Abandonment of Registration?
( Yes # No
If Yes, state the date on which the board vote took place:
If No, explain: Since its inception in 1998, the fund has
sold no policies, and has had no assets. Therefore, the
depositor has made the business decision to discontinue the
fund.
(b) Did the fund obtain approval from the shareholders
concerning the decision to engage in a Merger, Liquidation
or Abandonment of Registration?
( Yes # No
If Yes, state the date on which the shareholder vote took
place:
If No, explain: The fund has never had any shareholders.
II. Distributions to Shareholders
15. Has the fund distributed any assets to its shareholders in
connection with the Merger or Liquidation?
( Yes ( No
(a) If Yes, list the date(s) on which the fund made those
distributions:
(b) Were the distributions made on the basis of net assets?
( Yes ( No
(c) Were the distributions made pro rata based on share
ownership?
( Yes ( No
(d) If No to (b) or (c) above, describe the method of
distributions to shareholders. For Mergers, provide the
exchange ratio(s) used and explain how it was calculated:
(e) Liquidations only:
Were any distributions to shareholders made in kind?
( Yes ( No
If Yes, indicate the percentage of fund shares owned by
affiliates, or any other affiliation of shareholders:
17. Closed-End funds only:
Has the fund issued senior securities?
( Yes ( No
If Yes, describe the method of calculating payments to
senior securityholders and distributions to other
shareholders:
18. Has the fund distributed all of its assets to the fund's
shareholders?
( Yes ( No
If No,
(a) How many shareholders does the fund have as of the date
this form is filed?
(b) Describe the relationship of each remaining shareholder
to the fund:
19. Are there any shareholders who have not yet received
distributions in complete liquidation of their interests?
( Yes ( No
If Yes, describe briefly the plans (if any) for distributing
to, or preserving the interests of, those shareholders:
III. Assets and Liabilities
20. Does the fund have any assets as of the date this form is
filed? (See question 18 above)
( Yes ( No
If Yes,
(a) Describe the type and amount of each asset retained by
the fund as of the date this form is filed:
(b) Why has the fund retained the remaining assets?
(c) Will the remaining assets be invested in securities?
( Yes ( No
21. Does the fund have any outstanding debts (other than
face-amount certificates if the fund is a face-amount certificate
company) or any other liabilities?
( Yes ( No
If Yes,
(a) Describe the type and amount of each debt or other
liability:
(b) How does the fund intend to pay these outstanding debts
or other liabilities?
IV. Information About Event(s) Leading to Request For
Deregistration
22. (a) List the expenses incurred in connection with the
Merger or Liquidation:
(i) Legal expenses:
(ii) Accounting expenses:
(iii) Other expenses (list and identify
separately):
(iv) Total expenses (sum of lines (i)-(iii)
above):
(b) How were these expenses allocated?
(c) Who paid those expenses?
(d) How did the fund pay for unamortized expenses (if any)?
22. Has the fund previously filed an application for an order of
the Commission regarding the Merger or Liquidation?
( Yes ( No
If Yes, cite the release numbers of the Commission's notice
and order or, of no notice or order has been issued, the file number and date
the application was filed:
V. Conclusion of Fund Business
23. Is the fund a party to any litigation or administrative
proceeding?
( Yes # No
If Yes, describe the nature of any litigation or proceeding
and the position taken by the fund in that litigation:
24. Is the fund now engaged, or intending to engage, in any
business activities other than those necessary for winding up its
affairs?
( Yes # No
If Yes, describe the nature and extent of those activities:
VI. Mergers Only
26. (a) State the name of the fund surviving the Merger:
(b) State the Investment Company Act file number of the
fund surviving the Merger:
(c) If the merger or reorganization agreement has been
filed with the Commission, state the file number(s), form
type used and date agreement was filed:
(d) If the merger or reorganization agreement has not been
filed with the Commission, provide a copy of the agreement
as an exhibit to this form.
VERIFICATION
The undersigned states that (i) he or she has executed this Form
N-8F application for an order under section 8(f) of the
Investment Company Act of 1940 on behalf of Farm Bureau Life
Annuity Account III; (ii) he or she is the _Senior Vice
President, Secretary-Treasurer_ of Farm Bureau Life Annuity
Account III; and (iii) all actions by shareholders, directors,
and any other body necessary to authorize the undersigned to
execute and file this Form N-8F application have been taken. The
undersigned also states that the facts set forth in this form
N-8F application are true to the best of his or her knowledge,
information and belief.
Farm Bureau Life Annuity Account III
By: /s/ Richard D. Harris
Name (Print): _Richard D. Harris_
Title: _Senior Vice President,
Secretary-Treasurer_
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