SECURITY FIRST LIFE SEPARATE ACCOUNT A
24F-2NT, 1996-02-26
DRILLING OIL & GAS WELLS
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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


1.	Name and address of issuer:
   Security First Life Insurance Company
   11365 West Olympic Boulevard
   Los Angeles, CA  90064

2.	Name of each series or class of funds for which this notice is filed:
   Security First Life Separate Account A

3.	Investment Company Act File Number:
   811-3365

   Securities Act File Number:
   33-61370

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:
   (Box not checked)

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:  $978,521

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:
   89,668 units; $1,628,937

10.	Number and aggregate sale price of securities sold during the fiscal 
    year in reliance upon registration pursuant to rule 24f-2:
    89,668 units; $1,628,937

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):  $1,628,937

   (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):  $1,628,937

   (iv) Aggregate price of shares redeemed or repurchased and previously 
        applied as a reduction to filing fees pursuant to rule 24f-2 (if 
        applicable):  0

    (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):  .00034483

  (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):
    (Box not checked.)

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


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/ George J. Olah
                            ---------------------------
                            George J. Olah, Treasurer


                            /s/ Richard C. Pearson
                            ---------------------------
                            Richard C. Pearson, Secretary


Date: February 22, 1996




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