LINCOLN NATIONAL CORP
13F-HR, 1999-08-05
LIFE INSURANCE
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<PAGE>
                                UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                                    Form 13F

                               Form 13F COVER PAGE


Report for the Calendar Year or Quarter Ended:  June 30, 1999

Check here if Amendment [       ];  Amendment Number:
This Amendment (Check only one):     [        ]  is a restatement.
                                     [        ]  adds new holdings entries.

Institutional Investment Manager Filing This Report:

Name:             The Lincoln National Life Insurance Company
Address:          1300 Clinton Street
                  Fort Wayne, IN  46802

Form 13F File Number:      28 - 636

The institutional  investment  manager filing this report and the person by whom
it is signed hereby  represent  that the person signing the report is authorized
to  submit  it,  that all  information  contained  herein is true,  correct  and
complete,  and  that it is  understood  that  all  required  items,  statements,
schedules, lists, and tables, are considered integral parts of this form.

Person Signing this Report on Behalf of Reporting Manager:

Name:             Steven R. Brody
Title:            Vice President

Phone:            (219) 455-5390


Signature, Place, and Date of Signing:


/s/ Steven R. Brody    Fort Wayne, IN      July 28, 1999
Steven R. Brody                                Date
Vice President


Report Type (Check only one):

[   ] 13F HOLDINGS  REPORT.  (Check here if all holdings of  this  reporting
      manager  are  reported  in this report.)

[   ] 13F NOTICE.  (Check here if no  holdings  reported  are in this  report,
      and  all  holdings  are  reported  by  other reporting manager(s).)

[ x ] 13F  COMBINATION  REPORT.  (Check  here  if a portion  of  the  holdings
      for  this   reporting manager are reported in this report and a portion
      are reported by other reporting manager(s).)


<PAGE>



                                  FORM 13F SUMMARY PAGE
Report Summary:

Number of Other Included Managers:          1

Form 13F Information Table Entry Total:     3

Form 13F Information Table Value Total:     15088


List of Other Included Managers:

Provide  a  numbered  list of the  name(s)  and Form 13F file  number(s)  of all
institutional  investment  managers  with respect to which this report is filed,
other than the manager filing this report.

          No.              Form 13F File Number             Name

          01                     28-625               Lincoln National
                                                      Corporation (parent
                                                      company of The Lincoln
                                                      National Life Insurance
                                                      Company


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<TABLE>

FORM 13F INFORMATIONAL TABLE

                                                          VALUE      SHARES/  SH/  PUT/   INVSTMT  OTHER      VOTING AUTHORITY
NAME OF ISSUER              TITLE OF CLASS    CUSIP       (x $1000)  PRN AMT  PRN  CALL   DSCRETN  MGERS    SOLE    SHARED    NONE
<S>                         <C>               <C>         <C>        <C>      <C>  <C>    <C>      <C>      <C>     <C>       <C>

GLOBAL CROSSING LTD         COM               G3921A100   11705       317630  SH          SOLE               317630
POGO PRODUCING CO           COM               730448107    1424        76463  SH          SOLE                76463
TEXOIL INC    NEV           COM               882906506    1959       586942  SH          SOLE               586942

TOTAL                       3 DATA RECORDS                15088
<PAGE>
</TABLE>


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