BANKERS NATIONAL VARIABLE ACCOUNT B
24F-2NT, 1997-02-28
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                     U.S. SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

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

             Read instruction at end of Form before preparing Form.
                              Please print or type.

 1.         Name and address of issuer:

                        Bankers National Variable Account B
                        11815 N. Pennsylvania Street
                        Carmel, IN  46032

 2.        Name of each series or class of funds for which this notice is filed:

                  Asset Allocation, Common Stock, Corporate Bond, Government
                  Securities and Money Market Portfolios

 3.         Investment Company Act File Number: 811-2969

            Securities Act File Number:                     2-66012

 4.         Last day of fiscal year for which this notice is filed:

                        12/31/96

 5.         Check box if this notice is being filed more than 180 days after the
            close  of  the  issuer's  fiscal  year  for  purposes  of  reporting
            securities  sold  after  the  close of the  fiscal  year but  before
            termination of the issuer's 24f-s declaration:

                        Not applicable

 6.         Date of termination of issuer's declaration under rule 24f-2(a)(1),
            if applicable (see instruction A.6):

                        Not applicable

 7.         Number and amount of  securities  of the same class or series  which
            had been  registered  under the  Securities  Act of 1933  other than
            pursuant to rule 24f-2 in a prior  fiscal year,  but which  remained
            unsold at the beginning of the fiscal year:

                        0

 8.         Number and amount of securities registered during the fiscal year 
            other than pursuant to rule 24f-2:

                        0

<PAGE>

 9.         Number and aggregate sale price of securities sold during the 
            fiscal year:

                        134                     $26,440

10.         Number and aggregate sale price of securities sold during the 
            fiscal year in reliance upon registration pursuant to Rule 24f-2:

                        134                     $26,440

11.         Number and  aggregate  sale price of  securities  issued  during 
            the fiscal year in  connection  with  dividend  reinvestment  
            plans,  if applicable (see Instruction B.7):

                        Included in 9 above

12.         Calculation of registration fee:

<TABLE>
<CAPTION>
            <S>         <C>                                                         <C>
            (i)         Aggregate sale price of securities sold during the fiscal
                        year in reliance on rule 24f-2 (from Item 10):              $           26,440
                                                                                    ------------------
            (ii)        Aggregate price of shares issued in connection with
                        dividend reinvestment plans (from Item 11, if applicable)   +                0
                                                                                    ------------------
            (iii)       Aggregate price of shares redeemed or repurchased
                        during the fiscal year (if applicable):                     -        1,581,629
                                                                                    ------------------
            (iv)        Aggregate price of shares redeemed or repurchased and
                        previously applied as a reduction to filing fees
                        pursuant to rule 24e-2 (if applicable):                     +                0
                                                                                    ------------------
            (v)         Net aggregate price of securities sold and issued
                        during the fiscal  year in  reliance on rule 24f-w [line
                        (i), plus line (ii), less line (iii), plus
                        line (iv)] (if applicable):                                         (1,555,189)
                                                                                    ------------------
            (vi)        Multiplier prescribed by section 6(b) of the Securities
                        Act of 1933 or other applicable law or regulation
                        (see Instruction C.6):                                      x         .0003030
                                                                                    ------------------
            (vii)       Fee due [line (i) or line (v) multiplied by line (vi)]:     $                0
                                                                                    ==================
</TABLE>

          Instruction: Issuers should complete lines (ii), (iii), (iv),
          and (v) only if the form is being filed within 60 days after
                   the close of the issuer's fiscal year. See
                                Instruction C.3.

13.        Check box if fees are being  remitted  to the  Commission's  lockbox
           depository as described in section 3a of the  Commission's  Rules of
           Informal and Other Procedures (17 CFR 202.3a).

                        Not applicable




            Date of mailing or wire transfer of filing fees to the  Commission's
            lockbox depository:

                        Not applicable


<PAGE>



                                   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/  Donald F. Gongaware
                                                ------------------------
                                                President
                                                Bankers National Life Insurance
                                                Company, Depositor

Date:         2/25/97

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



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