Annual Notice of Securities Sold Pursuant to Rule 24F-2
U.S. SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 24F-2
Annual Notice of Securities Sold
Pursuant to Rule 24f-2
Read instructions at end of Form before preparing Form,
Please print or type.
1. Name and address of issuer: Banker Security Variable Annuity
Funds M, P, and Q
4601 North Fairfax Drive
Arlington, Virginia 22203
2. Name of each series or class of funds for which this notice is filed:
3. Investment Company Act File Number: 811-3098
Securities Act File Number: 2-69327
4. Last day of fiscal year for which this notice is filed:
December 31, 1995
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-2 declaration:
[ ]
6. Date of termination of issuer's declaration under rule 24f-2(a)(1), if
applicable (see Instruction A.6):
N/A
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
9. Number and aggregate sale price of securities sold during the fiscal
year:
$14,778,248
10. Number and aggregate sale price of securities sold during the fiscal
year in reliance upon registration pursuant to rule 24f-2:
$14,778,248
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):
0
12. Calculation of registration fee:
(i) Aggregate sale price of securities sold during the fiscal year
in reliance on rule 24f-2 (from Item 10):
$14,778,248
------------
(ii) Aggregate price of shares issued in connection with dividend
reinvestment plans (from Item 11, if applicable):
+ ----------
(iii) Aggregate price of shares redeemed or repurchased during the
fiscal year (if applicable):
- $31,875,289
----------
(iv) Aggregate price of shares redeemed or repurchased and
previously applied as a reduction to filing fees pursuant to
rule 24e-2 (if applicable):
+ -----------
(v) Net aggregate price of securities sold and issued during the
fiscal year in reliance on rule 24f-2 [line (i), plus line
(ii), less line (iii), plus line (iv)] (if applicable):
0
-----------
(vi) Multiplier prescribed by Section 6(b) of the Securities Act of
1933 or other applicable law or regulation (see Instruction
C.6):
x .034482
-----------
(vii) Fee due [line (i) or line (v) multiplied by line (vi)]
0
===========
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).
[ x ]
Date of mailing or wire transfer of filing fees to the Commission's
lockbox depository:
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/ Robert B. Saginaw
--------------------------------------------
Robert B. Saginaw, Counsel
--------------------------------------------
Date: February 28, 1996
* Please print the name and title of the signing officer below the signature.
February 28, 1996
Board of Directors
Bankers Security Life Insurance Society
Gentlemen:
As Counsel of Bankers Security Life Insurance Society, I have examined the
Rule 24f-2 Notice filed on behalf of Bankers Security Variable Annuity Funds M,
P, and Q (Registration Statement #2-69327) for the fiscal year ending December
31, 1995.
The amount of Securities that the Notice makes definite for Registration
under the said Rule and the Securities Act of 1933 is $14,778,248. I am of the
opinion that these Securities, the Registration of which the Notice makes
definite in amount, were legally issued, fully paid and nonassessable.
I hereby consent to the filing of this Opinion as an Exhibit to the Rule
24f-2 Notice for Bankers Security Variable Annuity Funds M, P, and Q for the
fiscal year ending December 31, 1995.
Sincerely,
/s/ Robert B. Saginaw
Robert B. Saginaw
Counsel
