<PAGE> 1
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
RULE 24f-2 NOTICE
FOR
Provident Mutual Variable Growth Separate Account
Provident Mutual Variable Money Market Separate Account
Provident Mutual Variable Bond Separate Account
Provident Mutual Variable Managed Separate Account
Provident Mutual Variable Zero Coupon Bond Separate Account
Provident Mutual Variable Aggressive Growth Separate Account
Provident Mutual Variable International Separate Account
Provident Mutual Variable Separate Account
(Name of Registrant)
1600 Market Street
Philadelphia, PA 19103
(Address of principal executive offices)
File Nos. 33-1331, 33-2625, 33-32478, 33-38463, 33-42133 and 33-55470
1. The following information is set forth pursuant to the requirements of
Rule 24f-2(b)(1):
(i). Fiscal year for which Notice is filed:
Fiscal year ended December 31, 1995
(ii). Number or amount of securities of the same class or series, if
any, which had been registered under the Securities Act of
1933 other than pursuant to Rule 24f-2 but which remained
unsold at the beginning of such fiscal year.
None
(iii). The number or amount of securities, if any, registered during
such fiscal year other than pursuant to Rule 24f-2:
None
(iv). The number or amount of securities sold during the fiscal
year:
<TABLE>
<CAPTION>
Growth Money Market Bond Managed
Account Account Account Account
------- ------- ------- -------
<S> <C> <C> <C>
$50,804,721.87 $45,662,521.09 $4,402,969.60 $9,679,901.49
worth of worth of worth of worth of
policies(1) policies(2) policies(3) policies(4)
</TABLE>
<PAGE> 2
<TABLE>
<CAPTION>
Aggressive International Zero Coupon
Growth Account Account Bond Account
-------------- ------- ------------
<S> <C> <C>
$12,757,649.42 $14,727,711.94 $2,324,089.58
worth of worth of worth of
policies(5) policies(6) policies(7)
Variable Account
<CAPTION>
Fidelity
Equity Income Fidelity Growth Fidelity Asset Fidelity Index
Subaccount Subaccount Manager Subaccount 500 Subaccount
---------- ---------- ------------------ --------------
<S> <C> <C> <C>
$27,585,806.21 $32,932,223.15 $18,684,354.80 $8,948,013.67
worth of worth of worth of worth of
policies(8) policies(9) policies(10) policies (11)
<CAPTION>
Fidelity High Fidelity Fidelity Investment Neuberger &
Income Overseas Grade Bond Berman Growth
Subaccount Subaccount Subaccount Subaccount
---------- ---------- ---------- ----------
<S> <C> <C> <C>
$3,571,758.90 $8,953,584.58 $2,553,065.68 $9,170,819.67
worth of worth of worth of worth of
policies (12) policies (13) policies (14) policies (15)
<CAPTION>
Neuberger & Neuberger & Van Eck
Berman Balanced Berman Bond TCI Growth Global Bond
Subaccount Subaccount Subaccount Subaccount
---------- ---------- ---------- ----------
<S> <C> <C> <C>
$2,356,448.58 $1,175,313.17 $5,252,861.71 $1,790,514.87
worth of worth of worth of worth of
policies (16) policies (17) policies (18) policies (19)
<CAPTION>
Van Eck Gold &
Natural Resources
Subaccount
----------
<S> <C>
$1,082,655.27
worth of
policies (20)
</TABLE>
(v). The number or amount of securities sold during such fiscal
year in reliance upon registration pursuant to Rule 24f-2
<TABLE>
<CAPTION>
Growth Money Market Bond Managed
Account Account Account Account
------- ------- ------- -------
<S> <C> <C> <C>
$50,804,721.87 $45,662,521.09 $4,402,969.60 $9,679,901.49
worth of worth of worth of worth of
policies(1) policies(2) policies(3) policies(4)
</TABLE>
<PAGE> 3
<TABLE>
<CAPTION>
Aggressive International Zero Coupon
Growth Account Account Bond Account
-------------- ------- ------------
<S> <C> <C>
$12,757,649.42 $14,727,711.94 $2,324,089.58
worth of worth of worth of
policies(5) policies(6) policies(7)
Variable Account
<CAPTION>
Fidelity Equity
Income Fidelity Growth Fidelity Asset Fidelity Index
Subaccount Subaccount Manager Subaccount 500 Subaccount
---------- ---------- ------------------ --------------
<S> <C> <C> <C>
$27,585,806.21 $32,933,223.15 $18,684,354.80 $8,948,013.67
worth of worth of worth of worth of
policies(8) policies(9) policies(10) policies (11)
<CAPTION>
Fidelity High Fidelity Fidelity Investment Neuberger &
Income Overseas Grade Bond Berman Growth
Subaccount Subaccount Subaccount Subaccount
---------- ---------- ---------- ----------
<S> <C> <C> <C>
$3,571,758.90 $8,953,584.58 $2,553,065.68 $9,170,819,67
worth of worth of worth of worth of
policies (12) policies (13) policies (14) policies (15)
<CAPTION>
Neuberger & Neuberger & Van Eck
Berman Balanced Berman Bond TCI Growth Global Bond
Subaccount Subaccount Subaccount Subaccount
---------- ---------- ---------- ----------
<S> <C> <C> <C>
$2,356,448.58 $1,175,313.17 $5,252,861.71 $1,799,514.87
worth of worth of worth of worth of
policies (16) policies (17) policies (18) policies (19)
<CAPTION>
Van Eck Gold &
Natural Resources
Subaccount
----------
<S> <C>
$1,082,655.27
worth of
policies (20)
</TABLE>
2. An opinion of counsel with respect to the validity of the shares
accompanies this Notice.
<PAGE> 4
3. Filing fee with respect to shares specified in 1(v) above:
<TABLE>
<S> <C> <C>
Growth Account $2,466.80 (1)
Money Market Account 1,324.33 (2)
Bond Account 429.97 (3)
Managed Account 8.03 (4)
Aggressive Growth Account 1,555.65 (5)
International Account 1,574.65 (6)
Zero Coupon Bond Account 385.46 (7)
Fidelity Equity Income Subaccount 5,376.16 (8)
Fidelity Growth Subaccount 5,845.76 (9)
Fidelity Asset Manager Subaccount 870.39 (10)
Fidelity Index 500 Subaccount 1,732.11 (11)
Fidelity High Income Subaccount 876.28 (12)
Fidelity Overseas Subaccount 1,646.79 (13)
Fidelity Investment Grade Bond Subaccount 529.35 (14)
Neuberger & Berman Growth Subaccount 1,848.37 (15)
Neuberger & Berman Balanced Subaccount 306.75 (16)
Neuberger & Berman Bond Subaccount 284.52 (17)
TCI Growth Subaccount 1,148.61 (18)
Van Eck Global 349.71 (19)
Van Eck Gold 143.07 (20)
----------
$28,702.76
</TABLE>
Minimum Filing Fee (Certified Check Enclosed): $28,702.76
DATED: February , 1996
PROVIDENT MUTUAL VARIABLE GROWTH SEPARATE ACCOUNT
PROVIDENT MUTUAL VARIABLE MONEY MARKET SEPARATE ACCOUNT
PROVIDENT MUTUAL VARIABLE BOND SEPARATE ACCOUNT
PROVIDENT MUTUAL VARIABLE MANAGED SEPARATE ACCOUNT
PROVIDENT MUTUAL VARIABLE ZERO COUPON BOND SEPARATE ACCOUNT
PROVIDENT MUTUAL VARIABLE AGGRESSIVE GROWTH SEPARATE ACCOUNT
PROVIDENT MUTUAL VARIABLE INTERNATIONAL SEPARATE ACCOUNT
PROVIDENT MUTUAL VARIABLE SEPARATE ACCOUNT
BY: /s/ Linda E. Senker
----------------------------------------
Linda E. Senker
(1) The actual aggregate sales price was $50,804,721.87, which consists of
79,190 policies allocating premiums to the Growth Account. During the fiscal
year ended December 31, 1995, the actual aggregate redemption price of Growth
Account policies redeemed was $43,650,994.96. (No portion of such aggregate
redemption price has been applied by the Registrant pursuant to Rule 24f-2(c) in
any filing made pursuant to Section 24(e)(1) of the Investment Company Act of
1940.) Pursuant to Rule 24f-2(c), the filing fee with respect to the policies in
calculated as follows:
$50,804,721.87 - 43,650,994.96 = $7,153,726.91 / 2900 = $2,466.80
<PAGE> 5
(2) The actual aggregate sales price was $45,662,521.09, which consists of
22,084 policies allocating premiums to the Money Market Account. During the
fiscal year ended December 31, 1995, the actual aggregate redemption price of
Money Market Account policies redeemed was $41,821,956.39. (No portion of such
aggregate redemption price has been applied by the Registrant pursuant to Rule
24f-2(c) in any filing made pursuant to Section 24(e)(1) of the Investment
Company Act of 1940.) Pursuant to Rule 24f-2(c), the filing fee with respect to
the policies is calculated as follows:
$45,662,521.09 - 41,821,956.39 = $3,840,564.70 / 2900 = $1,324.33
(3) The actual aggregate sales price was $4,402,969.60 which consists of 16,538
policies allocating premiums to the Bond Account. During the fiscal year ended
December 31, 1995, the actual aggregate redemption price of Bond Account
policies redeemed was $3,156,057.22. (No portion of such aggregate redemption
price has been applied by the Registrant pursuant to Rule 24f-2(c) in any filing
made pursuant to Section 24(e)(1) of the Investment Company Act of 1940.)
Pursuant to Rule 24f-2(c), the filing fee with respect to the policies is
calculated as follows:
$4,402,969.60 - 3,156,057.22 = $1,246,912.38 / 2900 = $429.97
(4) The actual aggregate sales price was $9,679,901.49, which consists of 22,902
policies allocating premiums to the Managed Account. During the fiscal year
ended December 31, 1995, the actual aggregate redemption price of Managed
Account policies redeemed was $9,656,604.27. (No portion of such aggregate
redemption price has been applied by the Registrant pursuant to Rule 24f-2(c) in
any filing made pursuant to Section 24(e)(1) of the Investment Company Act of
1940.) Pursuant to Rule 24f-2(c), the filing fee with respect to the policies is
calculated as follows:
$9,679,901.49 - 9,656,604.27 = $23,297.22 / 2900 = $8.03
(5) The actual aggregate sales price was $12,757,649.42, which consists of
45,666 policies allocating premiums to the Aggressive Growth Account. During the
fiscal year ended December 31, 1995, the actual aggregate redemption price of
Aggressive Growth Account policies redeemed was $8,246,257.08. (No portion of
such aggregate redemption price has been applied by the Registrant pursuant to
Rule 24f-2(c) in any filing made pursuant to Section 24(e)(1) of the Investment
Company Act of 1940.) Pursuant to Rule 24f-2(c), the filing fee with respect to
the policies is calculated as follows:
$12,757,649.42 - 8,246,257.08 = $4,511,392.34 / 2900 = $1,555.65
(6) The actual aggregate sales price was $14,727,711.94, which consists of
56,576 policies allocating premiums to the International Account. During the
fiscal year ended December 31, 1995, the actual aggregate redemption price of
International Account policies redeemed was $10,161,223.44. (No portion of such
aggregate redemption price has been applied by the Registrant pursuant to Rule
24f-2(c) in any filing made pursuant to Section 24(e)(1) of the Investment
Company Act of 1940.) Pursuant to Rule 24f-2(c), the filing fee with respect to
the policies is calculated as follows:
$14,727,711.94 - 10,161,223.44 = $4,566,488.50 / 2900 = $1,574.65
<PAGE> 6
(7) The actual aggregate sales price was $2,324,089.58, which consists of 6,159
policies allocating premiums to the Zero Coupon Bond Account. During the fiscal
year ended December 31, 1995, the actual aggregate redemption price of Zero
Coupon Bond Account policies redeemed was $1,206,254.46. (No portion of such
aggregate redemption price has been applied by the Registrant pursuant to Rule
24f-2(c) in any filing made pursuant to Section 24(e)(1) of the Investment
Company Act of 1940.) Pursuant to Rule 24f-2(c), the filing fee
with respect to the policies is calculated as follows:
$2,324,089.58 - 1,206,254.46 = $1,117,835.12 / 2900 = $385.46
(8) The actual aggregate sales price was $27,585,806.21, which consists of
59,056 policies allocating premiums to the Fidelity Equity Income Subaccount.
During the fiscal year ended December 31, 1995, the actual aggregate redemption
price of Fidelity Equity Income Subaccount policies redeemed was $11,994,953.15.
(No portion of such aggregate redemption price has been applied by the
Registrant pursuant to Rule 24f-2(c) in any filing made pursuant to Section
24(e)(1) of the Investment Company Act of 1940.) Pursuant to Rule 24f-2(c), the
filing fee with respect to the policies is calculated as follows:
$27,585,806.21 - 11,994,953.15 = $15,590,853.06 / 2900 = $5,376.16
(9) The actual aggregate sales price was $32,933,223.15, which consists of
79,296 policies allocating premiums to the Fidelity Growth Subaccount. During
the fiscal year ended December 31, 1995, the actual aggregate redemption price
of Fidelity Growth Subaccount policies redeemed was $15,980,514.79. (No portion
of such aggregate redemption price has been applied by the Registrant pursuant
to Rule 24f-2(c) in any filing made pursuant to Section 24(e)(1) of the
Investment Company Act of 1940.) Pursuant to Rule 24f-2(c), the filing fee with
respect to the policies is calculated as follows:
$32,933,223.15 - 15,980,514.79 = $16,952,708.36 / 2900 = $5,845.76
(10) The actual aggregate sales price was $18,685,354.80, which consists of
41,467 policies allocating premiums to the Fidelity Asset Manager Subaccount.
During the fiscal year ended December 31, 1995, the actual aggregate redemption
price of Fidelity Asset Manager Subaccount policies redeemed was $16,160,236.57.
(No portion of such aggregate redemption price has been applied by the
Registrant pursuant to Rule 24f-2(c) in any filing made pursuant to Section
24(e)(1) of the Investment Company Act of 1940.) Pursuant to Rule 24f-2(c), the
filing fee with respect to the policies is calculated as follows:
$18,684,354.80 - 16,160,236.57 = $2,524,118.23 / 2900 = $870.39
(11) The actual aggregate sales price was $8,948,013.67, which consists of
24,820 policies allocating premiums to the Fidelity Index 500 Subaccount. During
the fiscal year ended December 31, 1995, the actual aggregate redemption price
of Fidelity Index 500 Subaccount policies redeemed was $3,924,891.06. (No
portion of such aggregate redemption price has been applied by the Registrant
pursuant to Rule 24f-2(c) in any filing made pursuant to Section 24(e)(1) of the
Investment Company Act of 1940.) Pursuant to Rule 24f-2(c), the filing fee with
respect to the policies is calculated as follows:
$8,948,013.67 - 3,924,891.06 = $5,023,122.61 / 2900 = $1,732.11
<PAGE> 7
(12) The actual aggregate sales price was $3,571,758.90, which consists of 7,142
policies allocating premiums to the Fidelity High Income Subaccount. During the
fiscal year ended December 31, 1995, the actual aggregate redemption price of
Fidelity High Income Subaccount policies redeemed was $1,030,543.80. (No portion
of such aggregate redemption price has been applied by the Registrant pursuant
to Rule 24f-2(c) in any filing made pursuant to Section 24(e)(1) of the
Investment Company Act of 1940.) Pursuant to Rule 24f-2(c), the filing fee with
respect to the policies is calculated as follows:
$3,571,758.90 - 1,030,543.80 = $2,541,215.10 / 2900 = $876.28
(13) The actual aggregate sales price was $8,953,584.58, which consists of
24,918 policies allocating premiums to the Fidelity Overseas Subaccount. During
the fiscal year ended December 31, 1995, the actual aggregate redemption price
of Fidelity Overseas Subaccount policies redeemed was $4,177,907.55. (No portion
of such aggregate redemption price has been applied by the Registrant pursuant
to Rule 24f-2(c) in any filing made pursuant to Section 24(e)(1) of the
Investment Company Act of 1940.) Pursuant to Rule 24f-2(c), the filing fee with
respect to the policies is calculated as follows:
$8,953,584.58 - 4,177,907.55 = $4,775,677.03 / 2900 = $1,646.79
(14) The actual aggregate sales price was $2,553,065.68, which consists of 9,115
policies allocating premiums to the Fidelity Investment Grade Bond Subaccount.
During the fiscal year ended December 31, 1995, the actual aggregate redemption
price of Fidelity Investment Grade Bond Subaccount policies redeemed was
$1,017,957.70. (No portion of such aggregate redemption price has been applied
by the Registrant pursuant to Rule 24f-2(c) in any filing made pursuant to
Section 24(e)(1) of the Investment Company Act of 1940.) Pursuant to Rule
24f-2(c), the filing fee with respect to the policies is calculated as follows:
$2,553,065.68 - 1,017,957.70 = $1,535,107.98 / 2900 = $529.35
(15) The actual aggregate sales price was $9,170,819.67, which consists of
25,906 policies allocating premiums to the Neuberger & Berman Growth Subaccount.
During the fiscal year ended December 31, 1995, the actual aggregate redemption
price of Neuberger & Berman Growth Subaccount policies redeemed was
$3,810,541.72. (No portion of such aggregate redemption price has been applied
by the Registrant pursuant to Rule 24f-2(c) in any filing made pursuant to
Section 24(e)(1) of the Investment Company Act of 1940.) Pursuant to Rule
24f-2(c), the filing fee with respect to the policies is calculated as follows:
$9,170,819.67 - 3,810,541.72 = $5,360,277.95 / 2900 = $1,848.37
(16) The actual aggregate sales price was $2,356,448.58, which consists of 7,680
policies allocating premiums to the Neuberger & Berman Balanced Subaccount.
During the fiscal year ended December 31, 1995, the actual aggregate redemption
price of Neuberger & Berman Balanced Subaccount policies redeemed was
$1,466,876.90. (No portion of such aggregate redemption price has been applied
by the Registrant pursuant to Rule 24f-2(c) in any filing made pursuant to
Section 24(e)(1) of the Investment Company Act of 1940.) Pursuant to Rule
24f-2(c), the filing fee with respect to the policies is calculated as follows:
$2,356,448.58 - 1,466,876.90 = $889,571.68 / 2900 = $306.75
(17) The actual aggregate sales price was $1,175,313.17, which consists of 2,421
policies allocating premiums to the Neuberger & Berman Bond Subaccount. During
the fiscal year ended December 31, 1995, the actual aggregate redemption price
of Neuberger & Berman Bond Subaccount policies redeemed was $350,208.70. (No
portion of such aggregate redemption price has been applied by the Registrant
pursuant to Rule 24f-2(c) in any filing made pursuant to Section 24(e)(1) of the
Investment Company Act of 1940.) Pursuant to Rule 24f-2(c), the filing fee with
respect to the policies is calculated as follows:
$1,175,313.17 - 350,208.70 = $825,104.47 / 2900 = $284.52
<PAGE> 8
(18) The actual aggregate sales price was $5,252,861.71, which consists of
16,734 policies allocating premiums to the TCI Growth Subaccount. During the
fiscal year ended December 31, 1995, the actual aggregate redemption price of
TCI Growth Subaccount policies redeemed was $1,921,901.70. (No portion of such
aggregate redemption price has been applied by the Registrant pursuant to Rule
24f-2(c) in any filing made pursuant to Section 24(e)(1) of the Investment
Company Act of 1940.) Pursuant to Rule 24f-2(c), the filing fee with respect to
the policies is calculated as follows:
$5,252,861.71 - 1,921,901.70 = $3,330,960.01 / 2900 = $1,148.61
(19) The actual aggregate sales price was $1,790,514.87, which consists of 9,174
policies allocating premiums to the Van Eck Global Bond Subaccount. During the
fiscal year ended December 31, 1995, the actual aggregate redemption price of
Van Eck Global Bond Subaccount policies redeemed was $776,353.69. (No portion of
such aggregate redemption price has been applied by the Registrant pursuant to
Rule 24f-2(c) in any filing made pursuant to Section 24(e)(1) of the Investment
Company Act of 1940.) Pursuant to Rule 24f-2(c), the filing fee with respect to
the policies is calculated as follows:
$1,790,514.87 - 776,353.69 = $1,014,161.18 / 2900 = $349.71
(20) The actual aggregate sales price was $1,082,655.27, which consists of 4,649
policies allocating premiums to the Van Eck Gold and Natural Resources
Subaccount. During the fiscal year ended December 31, 1995, the actual aggregate
redemption price of Van Eck Gold and Natural Resources Subaccount policies
redeemed was $667,741.69. (No portion of such aggregate redemption price has
been applied by the Registrant pursuant to Rule 24f-2(c) in any filing made
pursuant to Section 24(e)(1) of the Investment Company Act of 1940.) Pursuant to
Rule 24f-2(c), the filing fee with respect to the policies is calculated as
follows:
$1,082,655.27 - 667,741.69 = $414,913.58 / 2900 = $143.07
<PAGE> 9
[PROVIDENT MUTUAL Letterhead]
February 27, 1996
Provident Mutual Life Insurance Company
1600 Market Street
Philadelphia, PA 19103
Re: Rule 24f-2 Notice
Registration Nos. 33-1331, 33-2625, 33-32478,
33-38463, 33-42133 and 33-55470
Dear Sirs:
I have served as counsel to Provident Mutual Life Insurance Company in
connection with the above-referenced Notice. In my opinion, the securities being
registered with respect to the Provident Mutual Variable Growth Separate
Account, Provident Mutual Variable Money Market Separate Account, Provident
Mutual Variable Bond Separate Account, Provident Mutual Variable Managed
Separate Account, Provident Mutual Variable Zero Coupon Bond Separate Account,
Provident Mutual Variable Aggressive Growth Separate Account, Provident Mutual
Variable International Separate Account and Provident Mutual Variable Separate
Account are legally issued, fully paid and non-assessable.
Sincerely,
Linda E. Senker
LES:cf
