<PAGE> 1
FORM N-SAR
SEMI-ANNUAL REPORT
FOR REGISTERED INVESTMENT COMPANIES
Report for six month period ending: / / (a)
or fiscal year ending: 12/31/98 (b)
Is this a transition report? (Y/N): N
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Y/N
Is this an amendment to a previous filing? (Y/N): N
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Y/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: Separate Account One of The Manufacturers Life Insurance
Company of America
B. File Number: 811-3933
C. Telephone Number: (416) 926-6302
2. A. Street: 500 North Woodward Avenue
B. City: Bloomfield Hills C. State: Michigan D. Zip Code: 48304 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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Y/N
4. Is this the last filing on this form by Registrant? (Y/N) ........... N
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Y/N
5. Is Registrant a small business investment company (SBIC)? (Y/N) ..... N
[If answer is "Y" (Yes), complete only items 89 through 110.] -------
Y/N
6. Is Registrant a unit investment trust (UIT)? (Y/N) .................. Y
[If answer is "Y" (Yes), complete only items 111 through 132.] -------
Y/N
7. A. Is Registrant a series or multiple portfolio company? (Y/N) ......
[If answer is "N" (No), go to item 8.] -------
Y/N
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
File number 811- 3933 Page 50, "X" Box [ ]
-------------- -------------------------
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) ............................................ $2
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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):
<TABLE>
<CAPTION>
Number of Total Total Income
Series Assets Distributions
Investing ($000's) ($000's
omitted) 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 Broker 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 or brokers or dealers or parents of
brokers or dealers ........................................ $ $
------------- ------------- -------------
I Investment company equity securities ...................... $ $
------------- ------------- -------------
J All other equity securities ............................... 1 $1,328 $108
------------- ------------- -------------
K Other securities .......................................... $ $
------------- ============= -------------
L Total assets of all series of Registrant .................. $1,328
-------------
</TABLE>
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For period ending 12/31/98 -------------------------
-------------- If filing more than one
File number 811- 3933 Page 51, "X" Box [ ]
-------------- -------------------------
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 insurer? (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 Registrants during
the current reporting period ($000's omitted) .................. $1
--------
132. [ ] List the "811" (Investment Company Act of 1940) registration
number for all Series of Registrant that are being included
in this filing:
811- 3933 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-
------ ------ ------ ------ ------
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For period ending 12/31/98
--------------
File number 811- 3933
This report is signed on behalf of the registrant in the city of Toronto,
Canada on the 23rd day of February, 1999.
THE MANUFACTURERS LIFE INSURANCE COMPANY OF AMERICA
/s/ DOUG MYERS
-------------------------
By:
Doug Myers
Vice President, Finance
/s/ JAMES D. GALLAGHER
-------------------------
Witness:
James D. Gallagher
Vice President, Secretary
and General Counsel
