INVESTORS LIFE INSURANCE CO OF NORTH AMERICA SEPARATE ACC I
485BPOS, 1997-07-29
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As Filed with the Securities and 
Exchange Commission on July 28, 1997

                     Registration Statement No. 2-77712        
                     SECURITIES AND EXCHANGE COMMISSION
                           Washington, DC  20549

                                 FORM N-4

REGISTRATION STATEMENT UNDER THE
SECURITIES ACT OF 1933                                    X     
     Pre-Effective Amendment No.                                  
     Post-Effective Amendment No.    23                   X   
                                  and/or
REGISTRATION STATEMENT UNDER THE
INVESTMENT COMPANY ACT OF 1940
     Amendment No.   23                                   X       
       (Check appropriate box or boxes).

                            SEPARATE ACCOUNT I 
_________________________________________________________________
                        (Exact Name of Registrant)
             Investors Life Insurance Company of North America
_________________________________________________________________
                            (Name of Depositor)

                  701 Brazos Street, Austin, Texas  78701
_________________________________________________________________
(Address of Depositor's Principal Executive Offices)  (Zip Code)

Depositor's Telephone Number:                512-404-5040

Roy F. Mitte, President
Investors Life Insurance Company of North America
701 Brazos Street, Austin, Texas  78701
_________________________________________________________________
                  (Name and Address of Agent for Service)

Approximate Date of Proposed Public Offering:  Continuous

It is proposed that this filing will become effective July 31,
1997, pursuant to paragraph (b) of Rule 485. 

The Registrant has registered an indefinite number or amount of
securities under the Securities Act of 1933 pursuant to Rule 
24f-2.  The Rule 24f-2 Notice for the most recent fiscal year was
filed on February 26, 1997.

The combined prospectuses contained herein also relate to
Registration Statement No. 2-84850, pursuant to Rule 429.  This post-
effective amendment is being filed solely to satisfy
the requirements of Section 26(e)(2)(A) under the Investment
Company Act of 1940

The contents of Registrant's previously filed registration
statement, Post-Effective Amendment No. 22 to the Registration
Statement on Form N-4 of the Investors Life Insurance Company of
North America Separate Account I filed on April 25, 1997 (File
Nos. 2-77712,2-84850 and 811-3470) is incorporated by reference
herein in its entirety.

Post-Effective Amendment No. 22 includes, as part of the
Statement of Additional Information, the representation required
by Section 26(e)(2)(A) of the Investment Company Act of 1940. 
The following undertaking is added to Part C, Undertakings, so as
to satisfy the technical requirement that said representation be
included in Part C:

     Investors Life Insurance Company of North America hereby
     represents that the fees and charges deducted under the
     Contracts, in the aggregate, are reasonable in relation to
     the services rendered, the expenses expected to be incurred
     and the risks assumed by Investors Life Insurance Company of
     North America.


                             SIGNATURES

Pursuant to the requirements of the Securities Act of 1933, the
Sponsor of the Registrant has caused this Post-Effective
Amendment No. 23 to the Separate Account I Registration Statement
to be duly signed on behalf of the Registrant in the City of
Austin, and the State of Texas, on the 28th day of July, 1997.

                              INVESTORS LIFE INSURANCE COMPANY OF
                              NORTH AMERICA SEPARATE ACCOUNT I
ATTEST:                                 (Registrant)


                              By:   /s/ Roy F. Mitte              
 /s/ Theodore A. Fleron            Chairman, President and Chief
                                   Executive Officer

ATTEST:                       INVESTORS LIFE INSURANCE COMPANY OF
                              NORTH AMERICA 
                                        (Depositor)

                              By:   /s/ Roy F. Mitte             
/s/ Theodore A. Fleron             Chairman, President and Chief
                                   Executive Officer

Pursuant to the requirements of paragraph (b)(4) of Rule 485
under the Securities Act of 1933, the Registrant hereby certifies
that this Post-Effective Amendment No. 23 meets all of the
requirements for effectiveness pursuant to paragraph (b) of said
Rule 485.

Pursuant to the requirements of the Securities Act of 1933, this
Separate Account I Registration Statement has been signed below
by the following persons in the capacities and on the date
indicated:

/s/ Roy . Mitte                 /s/ James M. Grace           
Roy F. Mitte                       James M. Grace
Principal Executive Officer        Principal Financial Officer
Director                           Principal Accounting Officer
                                   Director

/s/ Eugene E. Payne             /s/ Theodore A. Fleron       
Eugene E. Payne                    Theodore A. Fleron   
Director                           Director

 /s/ Jeffrey H. Demgen          /s/ Steven P. Schmitt       
Jeffrey H. Demgen                  Steven P. Schmitt      
Director                           Director

 /s/ Dale E. Mitte                       
Dale E. Mitte                      
Director                           
                                   



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