LINCOLN NATIONAL CORP
11-K, 1994-03-31
LIFE INSURANCE
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As filed with the Securities and Exchange Commission on
March 31, 1994
    
_______________________________________________________________
     
               SECURITIES AND EXCHANGE COMMISSION 
     
                    Washington, D.C.  20549 
     
     
                           FORM 11-K 
     
     
                         ANNUAL REPORT 
     
     
                Pursuant to Section 15(d) of the 
     
                Securities Exchange Act of 1934 
     
     
          For the Fiscal year ended December 31, 1993 
     
          THE LINCOLN NATIONAL LIFE INSURANCE COMPANY 
     
            AGENTS' SAVINGS AND PROFIT-SHARING PLAN 
     
                      (Full title of Plan) 
     
                   [Current Reg. No. 33-4711] 
     
     
                  LINCOLN NATIONAL CORPORATION 
                     200 East Berry Street 
                   Fort Wayne, Indiana  46802 
     
        (Name of Issuer and Principal Executive Office) 
     
                    ________________________
     
     
     
     
     
     
     
     
     
                       FORM 11-K (AGENTS)
     
                        TABLE OF CONTENTS
     
     
     Facing Sheet 
     
                                                                
Page
     
1     Financial Statements                                        

     
2     Signature                                                   
          
                            FORM 11-K (AGENTS)
     
                 For the Fiscal year ended December 31, 1993 
     
     Financial Statements.
     
Pursuant to Rule 311 of Regulation S-T, and General Instruction E
to Form 11-K, the required financial statements have been timely
filed in paper format.










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                               SIGNATURE 
     
          The Plan.  Pursuant to the requirements of the
Securities Exchange Act of 1934, the Members of the Lincoln
National Corporation Benefits Investment Committee have duly     
caused this annual report to be signed on its behalf by the
undersigned hereunto duly authorized. 
     
                              THE LINCOLN NATIONAL LIFE 
                              INSURANCE COMPANY AGENTS'SAVINGS    
                              AND PROFIT-SHARING PLAN
     
                              By:\S\ JON A. BOSCIA      
    
                              Jon A. Boscia, Chairman
                              Lincon National Corporation
                              Benefits Investment Committee     

Date: 3-31-94 
     
     
     









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