FORM N-SAR
SEMI-ANNUAL REPORT
FOR REGISTERED INVESTMENT COMPANIES
Report for six month period ending: // (a)
or fiscal year ending: 12 /31 /98 (b)
Is this a transition report? (Y/N) N
Is this an amendment to a previous filing? (Y/N) N
Those items or sub-items with a box "|_|" after the item number should be
completed only if the answer has changed from the previous filing on this form.
1. A. Registrant Name: Investors Life Insurance Company of North
America INA/Putnam Separate Account
B. File Number: 811-2980
C. Telephone Number: 512/404-5000
2. A. Street: 701 Brazos Street, 14th Floor
B: City: Austin C. State: TX D: Zip Code: 78701 Ext:
E. Foreign Country: Foreign Postal Code:
3. Is this the first filing on this form by Registrant? (Y/N) N
4. Is this the last filing on this form by Registrant? (Y/N) N
5. Is Registrant a small business investment company (SBIC)? (Y/N) N
[If answer is "Y" (Yes), complete only items 89 through 110.]
6. Is Registrant a unit investment trust (UIT)? (Y/N) Y
[If answer is "Y" (Yes) complete only items 111 through 132.]
7. A. Is Registrant a series or multiple portfolio company? (Y/N)
[If answer is "N" (No), go to item 8.]
B. How many separate series or portfolios did Registrant have at the
end of the period? SEC 2100 (10-94)
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If filing more than one
Page 50, "X" box: |_|
For period ending 12/31/98
File number 811- 2980
123. |_| State the total value of the additional units considered in answering
item 122 ($000's omitted) $
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) $
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 omitted) $
126. Of the amount shown 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) $
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
and the total income distributions made by 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)
A. U.S. Treasury direct issue $ $
B. U.S. Government agency $ $
C. State and municipal tax-free $ $
D. Public utility debt $ $
E. Brokers or dealers debt or
debt of brokers' or
dealers' parent $ $
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F. All other corporate intermed. &
long-term debt $ $
G. All other corporate short-term
debt $ $
H. Equity securities of brokers or
dealers or parents of brokers or
dealers $ $
I. Investment company equity
securities 8 $ 21,636 $ 1,616
J. All other equity securities $ $
K. Other securities $ $
L. Total assets of all series of
registrant 8 $ 21,636 $ 1,616
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If filing more than one
Page 51, "X" box: |_|
For period ending 12/31/98
File number 811- 2980
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)
[If answer is "N" (No), go to item 131]. (Y/N)
129. |_| Is the issuer of any instrument covered in item 128 delinquent or in
default as to payment of principal or interest at the end of the current
period? (Y/N)
[If answer is "N" (No), go to item 131].(Y/N)
130. |_| In computations of NAV or offering price per unit, if any part of the
value attributed to instruments identified in item 129 derived from
insurance or guarantees? (Y/N)
[If answer is "N" (No), go to item 131]. (Y/N)
131. Total expense incurred by all series of Registrant during the current
reporting period ($000's omitted) $208
132. |_| List the "811" (Investment Company Act of 1940) registration number for
all Series of Registrant that are being included in this filing:
811- 811- 811- 811- 811-
811- 811- 811- 811- 811-
811- 811- 811- 811- 811-
811- 811- 811- 811- 811-
811- 811- 811- 811- 811-
811- 811- 811- 811- 811-
811- 811- 811- 811- 811-
811- 811- 811- 811- 811-
811- 811- 811- 811- 811-
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Signature Page
This report is signed on behalf of the registrant in the city of Austin
and State of Texas on the 22nd day of February, 1999.
Investors Life Insurance
Company of North America
INA/Putnam Separate Account
By: Investors Life Insurance
Company of North America
/s/Roberta A. Mitchell
Roberta A. Mitchell
Senior Vice President
(Seal)
Witness
/s/Theodore A. Fleron
Theodore A. Fleron
Senior Vice President and
General Counsel
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