FORM N-SAR
ANNUAL REPORT
FOR REGISTERED INVESTMENT COMPANIES
Report for six month period ending: / / (a)
or fiscal year ending: 12/31/97 (b)
Is this a transition report?: (Y/N) N
______
Is this an amendment to a previous filing? (Y/N) N
______
Those items or sub-items with a slashed box "[/]" after the item
numbers should be completed only if the answer has changed from
the previous filing on this form.
1. A. Registrant Name: Separate Account I of
Washington National Insurance Company
B. File Number: 811-3640
C. Telephone Number: (317) 817-4100
2. A. Street: 11815 N. Pennsylvania Street
B. City: Carmel C. State: IN D. Zip Code: 46032
E. Zip Ext: 4911 F. Foreign Country:
3. Is this the first filing on this form by Registrant? (Y/N) N
______
4. Is this the last filing on this form by Registrant? (Y/N) N
______
5. Is Registrant a small business investment company (SBIC)? (Y/N) N
______
[If answer is "Y" (yes), complete only items 89-110.]
6. Is Registrant a unit investment trust (UIT)? (Y/N) Y
_____
[If answer is "Y" (yes), complete only items 111 through 132.]
7. A. Is Registrant a series or multiple portfolio company? (Y/N) N
______
B. How many separate series or portfolios did Registrant have
at the end of the period? ______
Period Ending 12/31/97
File Number 811-3640
UNIT INVESTMENT TRUSTS
111. A. [/] Depositor Name: Washington National Insurance Company
B. [/] File Number (If any)
C. [/] City: Carmel State: IN Zip code: 46032 Zip Ext:
[/] Forgein Country Foreign Postal Code:
112. A. [/] Sponsor Name:
B. [/] File Number (If any)
C. [/] City: State: Zip code: Zip Ext:
[/] Forgein Country Foreign Postal Code:
Period Ending 12/31/97
File Number 811-3640
113. A. [/] Trustee Name: Washington National Insurance Company
B. [/] City: Carmel State: IN Zip code: 46032 Zip Ext:
[/] Forgein Country Foreign Postal Code:
114. A. [/] Principal Underwriter Name:
B. [/] File Number 8-
C. [/] City: State: Zip code: Zip Ext:
[/] Forgein Country Foreign Postal Code:
115. A. [/] Independent Public Accountant Name: Coopers & Lybrand
B. [/] City: Indianapolis State: IN Zip code: 46282 Zip Ext:
[/] Forgein Country Foreign Postal Code:
Period Ending 12/31/97
File Number 811-3640
116. Family of investment companies information:
A. [/] Is Registrant part of a family of
investment companies? (Y/N) ______
B. [/] Identify the family in 10
letters: __ __ __ __ __ __ __ __ __ __
117. A. [/] Is Registrant a separate account of an
insurance company? (Y/N) ______
If answer is "Y" (Yes), are any of the following types of
contracts funded by the Registrant?:
B. [/] Variable annuity contracts? (Y/N) ______
C. [/] Scheduled premium variable life contracts? (Y/N) ______
D. [/] Flexible premium variable life contracts? (Y/N) ______
E. [/] Other types of insurance products
registered under the Securities Act of 1933? (Y/N) ______
118. [/] State the number of series existing at the end of the
period that had securities registered under the
Securities Act of 1933. ______
119. [/] State the number of new series for which registration
statements under the Securities Act of 1933 became
effective during the period. 0
______
120. [/] State the total value of the portfolio securities on
the date of deposit for the new series included in
item 119 ($000 omitted). ______
121. [/] State the number of series for which a current
prospectus was in existence at the end of the period. ______
122. [/] State the number of existing series for which
additional units were registered under the Securities
Act of 1933 during the current period. ______
123. [/] State the total value of the additional units
considered in answering item 122 ($000's omitted) $______
124. [/] State the total value of units of prior series that
were placed in the portfolios of subsequent series
during the current period (the value of these units
is to be measured on the date they were placed in
the subsequent series) ($000's omitted) $______
125. [/] State the total dollar amount of sales loads
collected (before reallowances to other brokers
or dealer) by Registrant's principal underwriter
and any underwriter which is an affiliated person
of the principal underwriter during the current
period solely from the sale of units of all series
of Registrant (000's omitted) $______
126. Of the amount shown in item 125, state the total
dollar amount of sales loads collected from
secondary market operations in Registrant's units
(include the sales loads, if any collected on units
of a prior series placed in the portfolio of a
subsequent series.) (000's omitted) $ 0
______
Period Ending 12/31/97
File Number 811-3640
127. List opposite the appropriate description below the
number of series whose portfolios are invested primarily
(based upon a percentage of NAV) in each type of security
shown, the aggregate total assets at market value as of
a date at or near the end of the current period of each such
group or series and the total income distributions made by
each such group of series during the current period
(excluding distributions of realized gains, if any):
Number of Total Assets Total Income
Series (000's Distributions
Investing omitted) (000's omitted)
A. U.S. Treasury direct issue _____ $ _______ $________
B. U.S. Government agency _____ $ _______ $________
C. State and municipal tax-free _____ $ _______ $________
D. Public utility debt _____ $ _______ $________
E. Brokers or dealers debt or debt of _____ $ _______ $________
brokers' or dealers' parent
F. All other corporate intermed. & _____ $ _______ $________
long-term debt
G. All other corporate short-term debt _____ $ _______ $________
H. Equity securities of brokers or
dealers or parents of brokers
or dealers _____ $ _______ $________
I. Investment company equity
securities _____ $ _______ $________
J. All other equity securities _____ $ _______ $________
K. Other securities 4 $ 40,848 $ 0
_____ _______ ________
L. Total assets of all series of
registrant 4 $ 40,848 $ 0
_____ _______ ________
128. [/] Is the timely payment of principal and interest on any of
the portfolio securities held by any of Registrant's
series at the end of the current period insured of
guaranteed by an entity other than the issuer? (Y/N)
[If answer if "N" (No), go to item 131.) ______
129. [/] Is the issuer of any instrument covered in item 128
delinquent or in default as to payment of principal or
interest at the end of the current period? (Y/N)
[If answer is "N" (No), go to item 131.) ______
130. [/] In computation of NAV or offering price per unit,
is any part of the value attributed to instrument
identified in item 129 derived from insurance or
guarantees? (Y/N) ______
Period Ending 12/31/97
File Number 811-3640
131. Total expenses incurred by all series of Registrant during
the current reporting period ($000's omitted) 456
______
132. [/] List the "811" (Investment Company Act of 1940)
registration number for all Series of Registrant
that are being included in this filing:
811-______ 811-______ 811-______ 811-______ 811-______
811-______ 811-______ 811-______ 811-______ 811-______
811-______ 811-______ 811-______ 811-______ 811-______
811-______ 811-______ 811-______ 811-______ 811-______
/s/ JOSEPH P. CLARKE
Vice President - Financial Reporting
