<PAGE> 1
FORM N-SAR
SEMI-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 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: NEW YORK LIFE INSURANCE AND ANNUITY CORPORATION
VLI SEPARATE ACCOUNT
B. File Number: 811-03833
C. Telephone Number: (212) 576-7000
2. A. Street: 51 MADISON AVENUE
B. City: NEW YORK C. State: NY D. Zip Code: 10010 Zip Ext:
E. Foreign Country: Foreign Postal Code:
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 through 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) Y
[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? 3
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If filing more than one
Page 47, "X" box [ ]
For period ending 12/31/97
File number 811-03833
UNIT INVESTMENT TRUSTS
111. A. [/] Depositor Name: ____________________________________________________
B. [/] File Number (If any): ______________
C. [/] City: ________________State: ________Zip Code: ________Zip Ext.:____
[/]Foreign Country: _____________________Foreign Postal Code: __________
111. A. [/] Depositor Name: ____________________________________________________
B. [/] File Number (If any): ________
C. [/] City: _______________State: ________Zip Code: ________Zip Ext.:_____
[/] Foreign Country: ___________________Foreign Postal Code: ___________
112. A. [/] Sponsor Name: ______________________________________________________
B. [/] File Number (If any): ______________
C. [/] City: _______________State: ________Zip Code: ________Zip Ext.:_____
[/] Foreign Country: ___________________Foreign Postal Code: ___________
112. A. [/] Sponsor Name: ______________________________________________________
B. [/] File Number (If any): ______________
C. [/] City: _______________State: ________Zip Code: ________Zip Ext.:_____
[/] Foreign Country: ___________________Foreign Postal Code: ___________
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If filing more than one
Page 48, "X" box: [ ]
For period ending 12/31/97
File number 811-03833
113. A. [/] Trustee Name: ___________________________________________________
B. [/] City: _______________State: ________Zip Code: ________Zip Ext.:_____
[/] Foreign Country: ______________________Foreign Postal Code:_________
113. A. [/] Trustee Name: ______________________________________________________
B. [/] City: _______________State: ________Zip Code: ________Zip Ext.:_____
[/] Foreign Country: _____________________Foreign Postal Code: _________
114. A. [/] Principal Underwriter Name: ________________________________________
B. [/] File Number: 8- ______________
C. [/] City: _______________State: ________Zip Code: ________Zip Ext.:_____
[/] Foreign Country: _____________________Foreign Postal Code: _________
114. A. [/] Principal Underwriter Name: ________________________________________
B. [/] File Number: 8- ______________
C. [/] City: _______________State: ________Zip Code: ________Zip Ext.:_____
[/] Foreign Country: _____________________Foreign Postal Code: _________
115. A. [/] Independent Public Accountant Name: ________________________________
B. [/] City: _______________State: ________Zip Code: ________Zip Ext.:_____
[/] Foreign Country: _____________________Foreign Postal Code: _________
115. A. [/] Independent Public Accountant Name: ________________________________
B. [/] City: ____________State: ________Zip Code: ________Zip Ext.:________
[/] Foreign Country: _____________________Foreign Postal Code: _________
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If filing more than one
Page 49, "X" box: [ ]
For period ending 12/31/97
File number 811-03833
116. Family of investment companies information:
A. [/] Is Registrant part of a family of investment (Y/N) _________
companies? Y/N
B. [/] Identify the family in 10 letters: ____________________
(NOTE: In filing this form, use this identification
consistently for all investment companies in family.
This designation is for purposes of this form only.)
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 Y/N
contracts funded by the Registrant?:
B. [/] Variable annuity contracts? (Y/N) ______________ ______
Y/N
C. [/] Scheduled premium variable life
contracts? (Y/N) _______________________________ _______
Y/N
D. [/] Flexible premium variable life
contracts? (Y/N) _______________________________ _______
Y/N
E. [/] Other types of insurance products registered under
the Securities Act of 1933? (Y/N) _______________ _______
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 _______________________________________ _______
120. [/] State the total value of the portfolio securities on the
date of deposit for the new series included in item 119
($000's 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 _______________________________ ________
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If filing more than one
Page 50, "X" box: [ ]
For period ending 12/31/97
File number 811-03833
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 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) ________________ $584
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)____ $ ________
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 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):
<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 1 $ 41,339 $
----------- ------------ ---------------
J. All other equity securities $ $
----------- ------------ ---------------
K. Other securities $ $
----------- ------------ ---------------
L. Total assets of all series of registrant 1 $ 41,339 $
----------- ------------ ---------------
</TABLE>
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If filing more than one
Page 51, "X" box: [ ]
For period ending 12/31/97
File number 811-03833
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) ________________ _________
[If answer is "N" (No), go to item 131.] [Y/N]
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.] [Y/N]
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) $136
_________________________________ ________
132. [/] List the "811" (Investment Company Act of 1940) registration number for
all Series of Registrant that are being included in this filing:
<TABLE>
<S> <C> <C> <C> <C>
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-________
</TABLE>
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SIGNATURE PAGE
For period ending 12/31/97
File number 811-03833
This report is signed on behalf of the Registrant, NYLIAC VLI Separate
Account, in the City of New York, in the State of New York, on the 23rd day of
February, 1998.
NYLIAC VLI Separate Account
By: /s/ John A. Cullen
-----------------------------------------
John A. Cullen
Vice President and Assistant Controller
Witness:
/s/ Mindy Schwartzapfel
- -------------------------------------
Mindy Schwartzapfel
Director - Accounting
