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 an amendment to a previous filing? (Y/N): N
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: Northwestern Mutual Variable Life Account
B. File Number: 811 - 3989
C. Telephone Number: 414-271-1444
2. A. Street: 720 E. Wisconsin Ave.
B. City: Milwaukee C. State: WI D. Zip Code: 53202 Zip Ext:
E. Foreign Country Foreign Postal Code:
3. Is this the first filing on this form by Registrant? (Y/N)
N
Y/N
4. Is this the last filing on this form by Registrant? (Y/N)
N
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?
SCREEN NUMBER: 01 PAGE NUMBER: 01 NEXT SCREEN:
For period ending 12/31/97 If filing more than one
File number 811- 3989 Page 2, "X" box: 0
C. List the name of each series or portfolio and give a consecutive number
to each series or portfolio
starting with the number 1. USE THIS SAME NUMERICAL DESIGNATION FOR EACH
SERIES OR PORTFOLIO IN THE SERIES INFORMATION BLOCK IN THE TOP RIGHT
CORNER OF THE SCREENS SUBMITTED IN THIS FILING AND IN ALL SUBSEQUENT
FILINGS ON THIS FORM. THIS INFORMATION IS REQUIRED EACH TIME THE FORM IS
FILED.
Is this the
Series last filing
Number Series Name for this series?
(Y/N)
1
(NOTE: See item D(9) of the general instructions to the form for information
on how to complete the
form for series companies.)
SCREEN NUMBER: 02 PAGE NUMBER: 02 NEXT SCREEN:
For period ending 12/31/97 If filing more than one
File number 811- 3989 Page 45, "X" box: 0
116. Family of investment companies information:
A. Is Registrant part of a family of investment companies? (Y/N)
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)
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)
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
PAGE NUMBER: 45
For period ending 12/31/97 If filing more than one
File number 811- 3989 Page 46, "X" box: 0
123. State the total value of the additional units considered in answering
item 122 ($000's omitted)
$ 119,303
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)
$ 29,722
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
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 peiord (excluding distributions of realized gains, if any):
Number of
Series
Investing
Total Assets
($000's
omitted)
Total Income
Distributions
($000's omitted)
A. U.S. Treasury direct issues
$
$
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
$475,559
$
J. All other equity securities
$
$
K. Other securities
$
$
L. Total assets of all series of Registrant
$475,559
PAGE NUMBER: 46
For period ending 12/31/97 If filing more than one
File number 811- 3989 Page 47, "X" box: 0
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)
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 Registrant during the current
reporting period ($000's omitted)
$ 2,555
132. List the "811" (Investment Company Act of 1940) 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-
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811-
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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-
PAGE NUMBER: 47
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