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FORM N-SAR
ANNUAL REPORT
FOR REGISTERED INVESTMENT COMPANIES
Report for six month period ending: ____/____/____ (a)
or fiscal year ending: 12 / 31 / 99 (b)
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Is this a transition report? (Y/N) N
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Is this an amendment to a previous filing? (Y/N) Y
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Those items or sub-items with a box "[ ]" after the item number should be
completed only if the answer has changed from the previous filing on this form.
1. A. Registrant Name: Fidelity Variable Annuity Account
B. File Number: 811- 2954
C. Telephone Number: 319-297-8121
2. A. Street: 4333 Edgewood Road N.E.
B. City: Cedar Rapids C. State: IA D. Zip Code: 52499 Zip Ext: 0001
E. Foreign Country: Foreign Postal Code:
3. Is this the first filing on this form by Registrant? (Y/N) N
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4. Is this the last filing on this form by Registrant? (Y/N) N
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5. Is Registrant a small business investment company (SBIC)? (Y/N) N
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[If answer is "Y" (Yes), complete only items 89 through 110.]
6. Is Registrant a unit investment trust (UIT)? (Y/N) Y
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[If answer if "Y" (Yes), complete only items 111 through 132.]
7. A. Is Registrant a series or multiple portfolio company? (Y/N)
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[If answer is "N" (No), go to item 8.]
B. How many separate series or portfolios did Registrant have
at the end of the period?
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01
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If filing more than one
Page 50, "X" box: [ ]
For period ending 12/31/1999
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File number 811- 2954
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123. [ ] State the total value of the additional units considered
in answering item 122 ($000's) omitted. $867,878
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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) $0
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125. [ ] State the total dollar amount of sales loads collected
(before reallowances to other brokers or dealers) 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) $0
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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
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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 the date
at or near the end of the current period of each such group
of series and the total income distributions made by each
such group of series during the current period (excluding
distributions of realized gains, if any): $
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<TABLE>
<CAPTION>
Number of Total Assets Total Income
Series ($000's Distributions
Investing omitted) ($000's omitted)
--------- -------- ----------------
<S> <C> <C> <C>
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 1 $ 785,253 $ 18,768
-------- ------------ ------------
K. Other securities ________ $____________ $____________
L. Total assets of all series of registrant 1 $ 785,253 $ 18,768
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</TABLE>
50
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If filing more than one
Page 51, "X" box: [ ]
For period ending 12/31/1999
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File number 811- 2954
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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 or guaranteed by
an entity other than the issuer? (Y/N) --------
Y/N
[If answer is "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) --------
Y/N
[If answer is "N" (No), go to item 131.]
130. [ ] In computations of NAV or offering price per unit, is any
part of the value attributed to instruments identified in
item 129 derived from insurance or guarantees? (Y/N) --------
Y/N
131. Total expenses incurred by all series of Registrant during
the current reporting period ($000's omitted) $6,666
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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-
811- 811- 811- 811- 811-
811- 811- 811- 811- 811-
811- 811- 811- 811- 811-
811- 811- 811- 811- 811-
811- 811- 811- 811- 811-
51
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FORM N-SAR - FIDELITY VARIABLE ANNUITY ACCOUNT,
A SEPARATE ACCOUNT OF PFL LIFE INSURANCE COMPANY
FILE NO. 811- 2954
This report is signed on behalf of the registrant in the City of Cedar Rapids
and the State of Iowa on the 18th day of February, 2000.
PFL LIFE INSURANCE COMPANY
By: /s/ Ronald L. Ziegler
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Ronald L. Ziegler
Vice President and Actuary
Witness:
/s/ Frank A. Camp
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Frank A. Camp
Division General Counsel
Financial Markets Division
PFL Life Insurance Company