U.S. SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 24F-2
Annual Notice of Securities Sold
Pursuant to Rule 24f-2
___________________________________________________________________________
1. Name and address of issuer: First SunAmerica Life Insurance Company
1 SunAmerica Center
Los Angeles, California 90067
___________________________________________________________________________
2. Name of each series or class of funds
for which this notice is filed: Variable Annuity Account One
___________________________________________________________________________
3. Investment Company Act File Number: 811-6313
Securities Act File Number: 33-39888
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4. Last day of fiscal year for
which this notice is filed: December 31, 1995
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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 fiscal year but before termination of the issuer's
24f-2 declaration:
[ ]
_____________________________________________________________________________
6. Date of termination of issuer's declaration under rule 24f-2(a)(1), if
applicable (see Instruction A-6):
_____________________________________________________________________________
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: 0
_____________________________________________________________________________
8. Number and amount of securities registered during the fiscal year other
than pursuant to rule 24f-2: 0
_____________________________________________________________________________
9. Number and aggregate sale price of securities sold during the
fiscal year: 38,087 units $485,059
_____________________________________________________________________________
10. Number and aggregate sale price of securities sold during the
fiscal year in reliance upon registration pursuant to
rule 24f-2: 38,087 units $485,059
_____________________________________________________________________________
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): 0
_____________________________________________________________________________
12. Calculation of registration fee:
(i) Aggregate sale price of securities sold during the fiscal year in
reliance on rule 24f-2 (from Item 10:)
$485,059
__________________________
(ii) Aggregate price of shares issued in connection with dividend
reinvestment plans (from Item 11, if applicable):
+ 0
__________________________
(iii) Aggregate price of shares redeemed or repurchased during the fiscal
year (if applicable):
- (5,597,658)
__________________________
(iv) Aggregate price of shares redeemed or repurchased and previously
applied as a reduction to filing fees pursuant to rule 24e-2 (if
applicable):
+ 0
__________________________
(v) Net aggregate price of securities sold and issued during the fiscal
year in reliance on rule 24f-2 [line(i), plus line (ii), less line
(iii), plus line (iv)] (if applicable):
(5,112,599)
__________________________
(vi) Multiplier prescribed by Section 6(b) of the Securities Act of 1933
or other applicable law or regulation (see Instruction C.6):
x 1/2900
__________________________
(vii) Fee due [line (i) or line (v) multiplied by line (vi)]:
0
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Instruction: Issuers should complete lines (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.
_____________________________________________________________________________
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 (17 CFR 202.3a).
[ ]
Date of mailing or wire transfer of filing fees to the Commission's
lockbox depository:
_____________________________________________________________________________
SIGNATURES
This report has been signed below by the following persons on behalf of the
issuer and in the capacities and the dates indicated.
By (Signature and Title) /s/ SCOTT L. ROBINSON
___________________________
Scott L. Robinson
Senior Vice President and
Treasurer
Date: February 23, 1996
____________________________________________________________________________
February 26, 1996
VIA EDGAR
Securities and Exchange Commission
450 Fifth Street, N.W.
Judiciary Plaza
Washington, D.C. 20549
RE: Variable Annuity Account One
First SunAmerica Life Insurance Company
File Nos. 33-39888 and 811-6313
Ladies and Gentlemen:
Based on a review of the relevant documents and materials
and on the basis of available information, the undersigned is of
the opinion that the securities issued during the fiscal year ended
December 31, 1995 by Variable Annuity Account One were legally
issued, fully paid and non-assessable.
I am a member of the Bar of the State of California and the
foregoing opinion is limited to the laws of the State of California
and the federal laws of the United States of America.
Very truly yours,
/s/ SUSAN L. HARRIS
Susan L. Harris
Senior Vice President,
General Counsel and Secretary
