KEYPORT VARIABLE ACCOUNT I
485BPOS, 1997-07-25
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As filed with the Securities and Exchange Commission on July 25, 1997
                                         Registration No. 2-98384
                                                         811-3930
===========================================================================


               SECURITIES AND EXCHANGE COMMISSION
                    WASHINGTON, D.C.  20549
                        ________________

                POST-EFFECTIVE AMENDMENT NO. 12
                               TO
                            FORM S-6
                        ________________

           FOR REGISTRATION UNDER THE SECURITIES ACT
        OF 1933 OF SECURITIES OF UNIT INVESTMENT TRUSTS
                   REGISTERED ON FORM N-8B-2
                   _________________________

A.   Exact name of trust:
                   Keyport Variable Account I

B.   Name of depositor:
                 Keyport Life Insurance Company

C.   Complete address of depositor's principal executive offices:
                        125 High Street
                  Boston, Massachusetts 02110

D.   Name and complete address of agent for service:
           James J. Klopper, Vice President & Counsel
                 Keyport Life Insurance Company
                        125 High Street
                  Boston, Massachusetts 02110

                            copy to:
                      Joan E. Boros, Esq.
                     Katten Munchin & Zavis
               1025 Thomas Jefferson Street, N.W.
                      Washington, DC 20007

E.  Title and amount of securities being registered:
   Individual Single Premium Variable Life Insurance Policies

    Registrant  has registered an indefinite number or amount of securities
    under  the  Securities Act of 1933 pursuant to Investment  Company  Act
    Rule   24f-2  (17  CFR  270.24f-2)  and  the  Rule  24f-2  Notice   for
    Registrant's fiscal year 1996 was filed February 28, 1997.

It is proposed that this filing will become effective:
(X)  immediately upon filing pursuant to paragraph (b) of Rule 485
( )  on [date] pursuant to paragraph (b) of Rule 485
( )  60 days after filing pursuant to paragraph (a)(1) of Rule 485
( )  on [date] pursuant to paragraph (a)(1) of rule 485

===========================================================================

This  Amendment  No. 12 to the Registration Statement  on  Form  S-6  which
initially   became  effective  on  January  21,  1986  (the   "Registration
Statement") relates only to the represention included herein and  does  not
otherwise  delete, amend, or supersede any information contained  in  Post-
Effective Amendment No. 11 to the Registration Statement.

Financial  Statements are not included in this Post-Effective Amendment  to
the   Registration  Statement.  Financial  statements   are   provided   to
policyholders each year pursuant to the requirements as set  forth  in  the
SEC  no-action  response to Great-West Life and Annuity  Co.  (pub.  avail.
October 23, 1990) upon which Registrant is relying.


                                  PART II

                        UNDERTAKING TO FILE REPORTS

     Subject to the terms and conditions of Section 15(d) of the Securities
Exchange Act of 1934, the undersigned registrant hereby undertakes to file
with the Securities and Exchange Commission such supplementary and periodic
information, documents, and reports as may be prescribed by any rule or
regulation of the Commission heretofore or hereafter duly adopted pursuant
to authority conferred in that section.


Representation

      Depositor  represents that the fees and charges  deducted  under  the
contract,  in  the aggregate, are reasonable in relation  to  the  services
rendered,  the expenses expected to be incurred, and the risks  assumed  by
the  Depositor.  Further, this representation applies to each form  of  the
contract  described in a prospectus and statement of additional information
included in this registration statement.

                           SIGNATURES

     Pursuant  to  the  requirements of the Securities  Act  of  1933,  the
Registrant, KEYPORT VARIABLE ACCOUNT I and KEYPORT LIFE INSURANCE  COMPANY,
certifies that it meets all of the requirements for effectiveness  of  this
Registration Statement pursuant to rule 485(b) under the Securities Act  of
1933  and has duly caused this Amended Registration Statement to be  signed
on its behalf by the undersigned thereunto duly authorized, and its seal to
be   hereunto  affixed  and  attested,  all  in  the  City  of  Boston  and
Commonwealth of Massachusetts, on the 25 day of July, 1997.

                                  KEYPORT VARIABLE ACCOUNT I
                                        (Registrant)


                              BY: KEYPORT LIFE INSURANCE COMPANY
                                        (Depositor)

                              BY: /s/John W. Rosensteel
                                  John W. Rosensteel
                                  President





*BY: /s/James J. Klopper           July 25, 1997
     James J. Klopper              Date
     Attorney-in-Fact

*    James  J.  Klopper has signed this document on the indicated  date  on
behalf of Mr. Rosensteel pursuant to power of attorney duly executed by him
and  included  in  Post-Effective Amendment  No.  11  to  the  Registration
Statement on Form S-6 filed on or about April 28, 1995 (File Nos.  2-98384;
811-3930).

     Pursuant  to  the  requirements of the Securities Act  of  1933,  this
Amended  Registration  Statement has been signed  below  by  the  following
persons in the capacities and on the dates indicated.


KENNETH R. LEIBLER*         JOHN W. ROSENSTEEL*
KENNETH R. LEIBLER          JOHN W. ROSENSTEEL
Chairman of the Board       President
                            (Principal Executive Officer)


FREDERICK R. BALLOU*        PAUL H. LEFEVRE, JR.*
FREDERICK R. BALLOU         PAUL H. LEFEVRE, JR.
Director                    Senior Vice President
                            (Principal Financial Officer)


FREDERICK LIPPITT*
FREDERICK LIPPITT
Director


ERSKINE N. WHITE*
ERSKINE N. WHITE
Director


JOHN W. ROSENSTEEL*
JOHN W. ROSENSTEEL
Director



*By: /s/James J. Klopper           July 25, 1997
     James J. Klopper               Date
     Attorney-in-Fact



*    James  J.  Klopper has signed this document on the indicated  date  on
     behalf  of  each of the above Directors and Officers of the  Depositor
     pursuant  to  powers  of attorney duly executed by  such  persons  and
     included  in  Post-Effective Amendment No.  11  to  the   Registration
     Statement on Form S-6 filed on or about April 28, 1995 (File  Nos.  2-
     98384; 811-3930).





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