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, 1995
LINCOLN NATIONAL CORPORATION
EXECUTIVE SAVINGS AND PROFIT-SHARING PLAN
FOR EMPLOYEES
(full title of the Plan)
[Current Reg. No. 33-51721]
Lincoln National Corporation
200 East Berry Street
Fort Wayne, Indiana 46802
(name of Issuer and principal executive office)
REQUIRED INFORMATION
Because the Lincoln National Corporation Executive Savings and
Profit-Sharing Plan for Employees is an unfunded plan, no plan
financial statements or schedules are maintained. Accordingly,
no financial statements or schedules are filed with this Annual Report.
SIGNATURE
THE PLAN. Pursuant to the requirements of the Securities Exchange Act
of 1934, the Administrator of the Plan has duly caused this annual
report to be signed on its behalf by the undersigned hereunto
duly authorized.
March 29, 1996 /S/ GEORGE E. DAVIS
__________________________________
George E. Davis, Administrator
LINCOLN NATIONAL CORPORATION
EXECUTIVE SAVINGS AND PROFIT-
SHARING PLAN FOR EMPLOYEES
