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U.S. SECURITIES AND EXCHANGE COMMISSION
Washington D.C. 20549
FORM 24F-2
Annual Notice of Securities Sold
Pursuant to Rule 24F-2
Read Instructions at end of Form before preparing Form.
Please Print or Type
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1. Name and address of issuer:
NASL Variable Account
116 Huntington Ave
Boston, MA 02116
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2. Name of each series or class of funds for which this notice is filed:
Variable Insurance Contracts
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3. Investment Company Act File Number: 811-4113
Securities Act File Number: 2-93435, 33-9960, 33-28455, 33-49604, 33-55712,
33-76162, 33-76684 and 33-77878
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4. Last day of fiscal year for which this notice is filed: December 31, 1996
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5. Check box if this notice is being filed more than 180 days after the close of
the issuer's fiscal year for purposes of reporting securities sold after the
close of the year but before termination of the issuer's 24F-2 declaration:
Not Applicable / /
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6. Date of termination of issuer's declaration under rule 24F-2(a)(1), if
applicable (see Instruction A.6):
Not Applicable
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7. Number and Amount of securities of the same class or series which had been
registered under the Securities Act of 1933 other than pursuant to rule 24F-2 in
a prior fiscal year, but which remained unsold at the beginning of the fiscal
year:
None
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8. Number and amount of securities registered during the fiscal year other than
pursuant to rule 24f-2:
None
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9. Number and aggregate sale price of securities sold during the fiscal year:
76,798,198 $1,092,070,370
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10. Number and aggregate sale price of securities sold during the fiscal year in
reliance upon registration pursuant to rule 24F-2:
76,798,198 $1,092,070,370
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11. Number and aggregate sale price of securities issued during the fiscal year
in connection with dividend reinvestment plans, if applicable (See Instruction
B.7):
21,772,587 $309,606,188
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12. Calculation of registration fee:
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(i) Aggregate sale price of securities sold during the fiscal $1,092,070,370
year in reliance on rule 24F-2 (From Item 10): --------------
(ii) Aggregate price of shares issued in connection with + 309,606,188
dividend reinvestment plans (from Item 11, if applicable): --------------
(iii) Aggregate price of shares redeemed or repurchased - 386,517,737
during fiscal year (if applicable): --------------
(iv) Aggregate price of shares redeemed or repurchased + 0
and previously applied as a reduction to filing fees pursuant --------------
to rule 24e-2 (if applicable):
(v) Net aggregate price of securities sold and issued during the 1,015,158,821
fiscal year in reliance on rule 24f-2 [line (i), plus line (ii), --------------
less line (iii), plus line (iv)] if applicable:
(vi) Multiplier prescribed by Section 6(b) of the Securities Act x 1/3300
of 1933 or other applicable law or regulation (See instruction C.6): --------------
(vii) Fee due [line (i) or line (v) multiplied by line (vi)]: $ 307,593
--------------
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Instruction: Issuers should complete line (ii), (iii), (iv), and (v) only
if the form is being filed within 60 days after the close of
the issuer's fiscal year. See Instruction C.3
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13. Check box if fees are being remitted to the Commission's lockbox depository
as described in section 3a of the Commission's Rules of Informal and Other
Procedures (17CFR 202.3a): /x/ *
Date of mailing or wire transfer of filing fees to the Commission's lockbox
depository: February 26, 1997
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SIGNATURES
This report has been signed below by the following persons on behalf of the
issuer and in the capacities and on the dates indicated.
NASL Variable Account
Registrant
By: North American Security Life Insurance Company
(Depositor)
/s/ RICHARD C. HIRTLE
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Richard C. Hirtle
Vice President, Treasurer and C.F.O.
Date: February 26, 1997
*Fee paid with Rule 24F-2 Filing for Securities Act File Number 2-93435. This
fee also covers Rule 24F-2 Filings for fiscal year ended December 31, 1996 for
Securities Act File Numbers 33-9960, 33-28455, 33-49604, 33-55712, 33-76162,
33-76684 and 33-77878.
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February 26, 1997
The Board of Directors
North American Security Life Insurance Company
Dear Directors,
This opinion is written in reference to individual flexible purchase payment
deferred variable annuity contracts (the "Contracts") issued through the NASL
Variable Account by North American Security Life Insurance Company ("the
Company") and covered by the Rule 24f-2 notice dated February 26, 1997, to be
filed with the Securities and Exchange Commission. I have examined such
documents, reviewed such questions of law, and received such certification of
facts by a Company officer as I deemed necessary for purposes of this opinion.
On the basis of such examination, review and certification, it is my opinion
that the Contracts covered by the Rule 24f-2 notice have been legally issued and
are binding obligations of the Company. I hereby consent to the filing of this
letter with the Rule 24f-2 notice.
Very truly yours,
/s/ BETSY ANNE SEEL
Betsy Anne Seel
Counsel
