FORM N-SAR
SEMI-ANNUAL REPORT
FOR REGISTERED INVESTMENT COMPANIES
Report for six month period ending: / / (a)
or fiscal year ending: 12/31/98 (b)
Is this a transition report? (Y/N) N
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Is this an amendment to a previous filing? (Y/N) N
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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: Sentry Variable Account I
B. File Number: 811-03901
C. Telephone Number: 715-346-6000
2.A. Street; 251 Salina Meadows Parkway
B. City: Syracuse C. State: NY D. Zip Code: 13212 Zip Ext.:
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 is "Y" (Yes) complete only items 1 1 1 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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For period ending 12/31/98 If filing more than one
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File number 811- 03901 Page 47, "X" box: [ ]
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UNIT INVESTMENT TRUSTS
111.A.[/] Depositor Name:
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B.[/] File Number (If any)
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C.[/] City: State: Zip Code: Zip Ext.
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[/] Foreign Country: Foreign Postal Code:
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111.A.[/] Depositor Name:
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B.[/] File Number (If any)
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C.[/] City: State: Zip Code: Zip Ext.
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[/] Foreign Country: Foreign Postal Code:
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112.A.[/] Sponsor Name:
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B.[/] File Number (If any)
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C.[/] City: State: Zip Code: Zip Ext.
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[/] Foreign Country: Foreign Postal Code:
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112.A.[/] Sponsor Name:
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B.[/] File Number (If any)
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C.[/] City: State: Zip Code: Zip Ext.
--------------- ------- ------- -----
[/] Foreign Country: Foreign Postal Code:
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For period ending 12/31/98 If filing more than one
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File number 811- 03901 Page 48, "X" box: [ ]
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113.A.[/] Trustee Name:
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B.[/] File Number (If any)
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C.[/] City: State: Zip Code: Zip Ext.
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[/] Foreign Country: Foreign Postal Code:
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113.A.[/] Trustee Name:
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B.[/] File Number (If any)
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C.[/] City: State: Zip Code: Zip Ext.
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[/] Foreign Country: Foreign Postal Code:
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114.A[/] Principal Underwriter Name:
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B.[/] File Number (If any)
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C.[/] City: State: Zip Code: Zip Ext.
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[/] Foreign Country: Foreign Postal Code:
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114.A[/] Principal Underwriter Name:
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B.[/] File Number (If any)
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C.[/] City: State: Zip Code: Zip Ext.
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[/] Foreign Country: Foreign Postal Code:
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115-A.[/] Independent Public Accountant Name:
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B.[/] File Number (If any)
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C.[/] City: State: Zip Code: Zip Ext.
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[/] Foreign Country: Foreign Postal Code:
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115-A.[/] Independent Public Accountant Name:
-----------------------------------
B.[/] File Number (If any)
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C.[/] City: State: Zip Code: Zip Ext.
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[/] Foreign Country: Foreign Postal Code:
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For period ending 12/31/98 If filing more than one
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File number 811- 03901 Page 49, "X" box: [ ]
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116. Family of investment companies information:
A.[/] Is Registrant part of a family of investment
companies?(Y/N)
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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)
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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)
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Y/N
C.[/] Scheduled premium variable life contracts? (Y/N)
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Y/N
D.[/] Flexible premium variable life contracts? (Y/N)
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Y/N
E.[/] Other types of insurance products registered under the
Securities Act of 1933? (Y/N)
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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
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119.[/] State the number of new series for which registration statements under
the Securities Act of 1 933 became effective during
the period
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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) $
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121.[/] State the number of series for which a current prospectus
was in existence at end of the period
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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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For period ending 12/31/98 If filing more than one
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File number 811- 03901 Page 49, "X" box: [ ]
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123.[/] State the total value of the additional units considered in answering
item 122 ($000's omitted) $
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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) $
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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) $
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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 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):
Number of Total Assets Total Income
Series ($OOO's Distribution
Investing omitted) ($000's omitted)
A. U.S. Treasury direct issue
------- ---------- --------------
B. U.S. Government Agency
------- ---------- --------------
C. State and municipal tax-free
------- ---------- --------------
D. Public utiity debt
------- ---------- --------------
E. Brokers or dealers debt or
debt of brokers' or dealers'
parent
------- ---------- --------------
F. All other corporate intermed. &
long-term debt
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G. All other corporate short-
term debt
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H. Equity securities of brokers or
dealers or parents of brokers or
dealers
------- ---------- --------------
I. Investment company equity
securities
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J. All other equity securities 1 $1,997 0
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K. Other securities
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L. Total assets of all series of
registrant $1,997
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For period ending 12/31/98 If filing more than one
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File number 811- 03901 Page 51, "X" box: [ ]
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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)
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Y/N
[If answer is "N" (No), go to item 1 31.]
129.[/] Is the issuer of any instrument covered in item 1 28 delinquent
or in default as to payment of principal or interest at the and
of the current period? (Y/N) Y/N (If answer is "N" (No), go to
item 131.]
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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)
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Y/N
131.[/] Total expenses incurred by all series of Registrant during the
current reporting period ($000's omited) $23
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132.[/] List the "811" (Investment Company Act of 1 940) 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-
-------- --------- -------- -------- -------
811- 811- 811- 811- 811-
-------- --------- -------- -------- -------
This report is signed on behalf of the Registrant in the City of Stevens
Point and State of Wisconsin on this 22nd day of February, 1998.
SENTRY VARIABLE ACCOUNT I (Registrant)
SENTRY LIFE INSURANCE COMPANY
OF NEW YORK (Depositor)
s/ William M. O'Reilly
----------------------------------
William M. O'Reilly, Secretary
WITNESS:
s/ Sue Brock
- ----------------------
Sue Brock
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<ARTICLE> 6
<S> <C>
<PERIOD-TYPE> YEAR
<FISCAL-YEAR-END> DEC-31-1998
<PERIOD-START> JAN-01-1998
<PERIOD-END> DEC-31-1998
<INVESTMENTS-AT-COST> 1,822,220
<INVESTMENTS-AT-VALUE> 1,997,006
<RECEIVABLES> 436
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 1,997,442
<PAYABLE-FOR-SECURITIES> 0
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<OTHER-ITEMS-LIABILITIES> 1,659
<TOTAL-LIABILITIES> 1,659
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 0
<SHARES-COMMON-STOCK> 49,399
<SHARES-COMMON-PRIOR> 52,172
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<OVERDISTRIBUTION-NII> 0
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<ACCUM-APPREC-OR-DEPREC> 174,790
<NET-ASSETS> 1,995,783
<DIVIDEND-INCOME> 17,830
<INTEREST-INCOME> 0
<OTHER-INCOME> 0
<EXPENSES-NET> 23,094
<NET-INVESTMENT-INCOME> (5,264)
<REALIZED-GAINS-CURRENT> 2,692
<APPREC-INCREASE-CURRENT> (205,163)
<NET-CHANGE-FROM-OPS> 227,994
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 1,858
<NUMBER-OF-SHARES-REDEEMED> 4,631
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> 66,316
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 0
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 0
<AVERAGE-NET-ASSETS> 0
<PER-SHARE-NAV-BEGIN> 0
<PER-SHARE-NII> 0
<PER-SHARE-GAIN-APPREC> 0
<PER-SHARE-DIVIDEND> 0
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 0
<EXPENSE-RATIO> 0
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
