FORM N-SAR
SEMI-ANNUAL REPORT
FOR REGISTERED INVESTMENT COMPANIES
Report for six month period ending: / / (a)
or fiscal year ending: 12/31/99 (b)
Is this a transition report? (Y/N) N
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Is this an amendment to a previous filing? (Y/N) N
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Those items or sub-items with a "[/]" after the item number should be completed
only if the answer has changed from the previous filing on this form:
1. A. Registrant Name: LLAC Variable Account
B. File Number: 811-09075
C. Telephone Number: 603-749-2600 x35801
2. A. Street: 175 Berkeley Street
B. City: Boston C. State: MA D. Zip Code: 02117 Zip Ext:
E. Foreign Country: Foreign Postal Code:
3. Is this the first filing on this form by Registrant? (Y/N) Y
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4. Is this the last filing on this form by Registrant? (Y/N) N
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5. Is Registrant a small business investment company (SBIC)? (Y/N) N
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[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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[If answer is "Y" (Yes), complete only items 111 through 132.]
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For period ending 12/31/99 File number 811-09075
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UNIT INVESTMENT TRUSTS
111. A. [/] Depositor Name: Liberty Life Assurance Company of Boston
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B. [ ] File Number (If any):
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C. [/] City: Boston State: MA Zip Code 02117 Zip Ext:
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[ ] Foreign Country: Foreign Postal Code:
112. A. [/] Sponsor Name: Liberty Life Assurance Company of Boston
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B. [ ] File Number (If any):
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C. [/] City: Boston State: MA Zip Code 02117 Zip Ext:
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[ ] Foreign Country: Foreign Postal Code:
113. A. [ ] Trustee Name:
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B. [ ] City: State: Zip Code Zip Ext:
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[ ] Foreign Country: Foreign Postal Code:
114. A. [/] Principal Underwriter Name: Liberty Life Distributors LLC
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B. [/] File Number (If any): 8-51303
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C. [/] City: Dover State: NH Zip Code 03820 Zip Ext:
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[ ] Foreign Country: Foreign Postal Code:
115. A. [/] Independent Public Accountant Name: Ernst & Young LLP
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B. [/] City: Boston State: MA Zip Code 02116 Zip Ext:
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[ ] Foreign Country: Foreign Postal Code:
116. Family of investment companies information:
A. [/] Is Registrant part of a family of investment
companies? (Y/N) N
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Y/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.)
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For period ending 12/31/99 File number 811-09075
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117. A. [/] Is Registrant a separate account of an insurance
company? (Y/N) Y
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Y/N
If answer is "Y" (Yes), are any of the following types of contracts funded
by the Registrant?:
B. [/] Variable annuity contracts? (Y/N) N
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Y/N
C. [/] Scheduled premium variable life contracts?(Y/N) N
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Y/N
D. [/] Flexible premium variable life contracts? (Y/N) Y
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Y/N
E. [/] Other types of insurance products registered under the
Securities Act of 1933? (Y/N) N
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Y/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
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119. [/] State the number of new series for which registration
statements under the Securities Act of 1933 became effective
during the period 1
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Y/N
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) 0
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Y/N
121. [/] State the number of series for which a current prospectus was in
existence at the end of the period 1
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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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123. [/] State the total value of the additional units considered in
answering item 122 ($000 omitted) $ 0
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For period ending 12/31/99 File number 811-09075
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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) $ 0
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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) $ 0
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126. [/] Of the amount show 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) $ 0
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For period ending 12/31/99 File number 811-09075
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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 during the current period (excluding
distributions of realized gains, if any):
Number of Total Assets Total Income
Series ($000's Distributions
Investing (omitted) ($000's omitted)
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A. U.S. Treasury direct issue $ $
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B. U.S. Government agency $ $
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C. State and municipal tax-free $ $
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D. Public utility debt $ $
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E. Brokers or dealers debt
or debt of brokers' or
dealers' parent $ $
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F. All other corporate
intermed & long-term debt $ $
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G. All other corporate
short-term debt $ $
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H. Equity securities of
brokers or dealers
or parents or brokers
or dealers $ $
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I. Investment company
equity securities $ $
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J. All other equity
securities 1 $ 22 $ 0
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K. Other securities $ $
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L. Total assets of all
series of registrant 1 $ 22 $ 0
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For period ending 12/31/99 File number 811-09075
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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
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Y/N
[If answer is "N" (No), go to item 131.]
131. Total expenses incurred by all series of Registrant during the
current reporting period ($000's omitted) $ 0
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132. [/] List the "811" (Investment Company Act of 1940) registration number
for all Series of Registrant that are being included in this filing:
811-09075 811- 811- 811- 811-
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811- 811- 811- 811- 811-
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811- 811- 811- 811- 811-
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811- 811- 811- 811- 811-
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811- 811- 811- 811- 811-
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811- 811- 811- 811- 811-
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811- 811- 811- 811- 811-
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811- 811- 811- 811- 811-
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811- 811- 811- 811- 811-
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This report is signed on behalf of the registrant.
City of: Boston State of: Massachusetts Date: February 23, 2000
Name of Registrant: LLAC Variable Account
By: Liberty Life Assurance Company of Boston (Depositor)
By: /s/ WILLIAM J. O'CONNELL Witness: /s/ Sascha Blom
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William J. O'Connell Sascha Blom, Counsel
Vice President and
Assistant General Counsel
