GREAT-WEST LIFE & ANNUITY INSURANCE COMPANY
8515 East Orchard Road
Englewood, Colorado 80111
September 3, 1997
Securities and Exchange Commission
450 Fifth Street, N.W.
Washington, D.C.
Re: Maxim Series Account
Semi-Annual Report Form N-30D
File No. 811-03249
The semi-annual report on Form N-30D for the Maxim Series Account, File Number
811-03249 for the period ending June 30, 1997 is transmitted herewith.
If you should have any questions regarding the foregoing, please do
not hesitate to contact me at (800) 537-2033, ext. 3817.
Sincerely,
/s/ Beverly A. Byrne
Beverly A. Byrne
Assistant Vice President
and Associate Counsel
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GREAT-WEST LIFE & ANNUITY INSURANCE COMPANY
Maxim Series Account
Semi-Annual Report Form N-30D
File No. 811-03249
The information required to be contained in this report for the period ending
June 30, 1997, is incorporated by reference to the following previously filed
semi-annual reports for the underlying funds of the above-referenced Registrant:
Maxim Series Fund, Inc.
File No. 811-03364
Form N-30D
Filed via EDGAR and accepted on August 28, 1997
Accession No. 0000356476-97-000027
American Century Variable Portfolios, Inc.
File No. 811-05188
Form N-30D
Filed via EDGAR and accepted on August 14, 1997
Accession No. 0000814680-97-000009