FORM N-SAR
SEMI-ANNUAL REPORT
FOR REGISTERED INVESTMENT COMPANIES
Report for six month period ending: / / (a)
or fiscal year ending: 12/31/95 (b)
Is this a transition report? (Y/N) N
Is this an amendment to a previous filing? (Y/N) 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: Variable Annuity Account One of
First SunAmerica Life Insurance Company
B. File Number: 811-6313
C. Telephone Number: (310) 772-6000
2. A. Street: c/o SunAmerica Inc., 1 SunAmerica Center
B. City: Los Angeles C. State: CA
D. Zip Code: 90067 Zip Ext: 6022
E. Foreign Country: Foreign Postal Code:
3. Is this the first filing on this form by Registrant? (Y/N) N
4. Is this the last filing on this form by Registrant? (Y/N) N
5. Is Registrant a small business investment company (SBIC)? (Y/N) N
[If answer is "Y" (Yes), complete only items 89 through 110.]
6. Is Registrant a unit investment trust(UIT)? (Y/N) Y
[If answer is "Y" (Yes) complete only items 111 through 132.]
7. A. Is Registrant a series or multiple portfolio company? (Y/N) N
[If answer is "N" (No), go to item 8.]
B. How many separate series or portfolios did Registrant have at
the end of the period?
SCREEN NUMBER:01 PAGE NUMBER: 01 SEC2100(5/90)
For period ending 12/31/95 If filing more than one
File number 811-6313 Page 47, "X" box: ____
UNIT INVESTMENT TRUSTS
111. A. [/] Depositor Name: First SunAmerica Life Insurance Company
B. [/] File Number (If any): 33-39888; 811-6313
C. [/] City: New York State: NY Zip Code: 10017 Zip Ext.:
[/] Foreign Country: Foreign Postal Code:
111. A. [/] Depositor Name:
B. [/] File Number (If any):
C. [/] City: State: Zip Code: Zip Ext.:
[/] Foreign Country: Foreign Postal Code:
112. A. [/] Sponsor Name:
B. [/] File Number (If any):
C. [/] City: State: Zip Code: Zip Ext.:
[/] Foreign Country: Foreign Postal Code:
112. A. [/] Sponsor Name:
B. [/] File Number (If any):
C. [/] City: State: Zip Code: Zip Ext.:
[/] Foreign Country: Foreign Postal Code:
SCREEN NUMBER: 55 PAGE NUMBER 47 SEC2100 (5/90)
For period ending 12/31/95 If filing more than one
File number 811-6313 Page 48, "X" box: ____
111. A. [/] Trustee Name:
B. [/] City: State: Zip Code: Zip Ext.:
[/] Foreign Country: Foreign Postal Code:
113. A. [/] Trustee Name:
B. [/] City: State: Zip Code: Zip Ext.:
[/] Foreign Country: Foreign Postal Code:
114. A. [/] Principal Underwriter Name: SunAmerica Capital Services, Inc.
B. [/] File Number: 8-28733
C. [/] City: New York State: NY Zip Code: 10017 Zip Ext.:
[/] Foreign Country: Foreign Postal Code:
114. A. [/] Principal Underwriter Name:
B. [/] File Number: 8-
C. [/] City: State: Zip Code: Zip Ext.:
[/] Foreign Country: Foreign Postal Code:
115. A. [/] Independent Public Accountant Name: Price Waterhouse, LLP
B. [/] City: Los Angeles State: CA Zip Code: 90071 Zip Ext.:
[/] Foreign Country: Foreign Postal Code:
115. A. [/] Independent Public Accountant Name:
B. [/] City: State: Zip Code: Zip Ext.:
[/] Foreign Country: Foreign Postal Code:
SCREEN NUMBER: 56 PAGE NUMBER 48 SEC2100 (5/90)
For period ending 12/31/95 If filing more than one
File number 811-6313 Page 49, "X" box: ____
116. Family of investment companies information:
A. [/] Is Registrant part of a family of N
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 Y
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
_______
Y/N
C. [/] Scheduled premium variable life contracts? (Y/N) N
_______
Y/N
D. [/] Flexible premium variable life contracts? (Y/N) N
_______
Y/N
E. [/] Other types of insurance products registered N
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 12
the Securities Act of 1933 _______
119. [/] State the number of new series for which registration
statements under the Securities Act of 1933 became 0
effective during the period _______
120. [/] State the total value of the portfolio securities on
the date of deposit for the new series included in $ 0
item 119 ($000's omitted) _______
121. [/] State the number of series for which a current
prospectus was in existence at the end of the 12
period _______
122. [/] State the number of existing series for which
additional units were registered under the 12
Securities Act of 1933 during the current period _______
SCREEN NUMBER: 57 PAGE NUMBER 49 SEC2100 (5/90)
For period ending 12/31/95 If filing more than one
File number 811-6313 Page 50, "X" box: ____
123. [/] State the total value of the additional units $ 4,382
considered in answering item 122 ($000's omitted) ________
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) $_______
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) $_______
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 dis-
tributions made by each such group of series during the current
period (excluding distributions of realized gains, if any):
<TABLE>
<S> <C> <C> <C> <C>
Number of Total Assets Total Income
Series ($000's Distributions
Investing omitted) ($000's omitted)
A. U.S. Treasury direct issue ______ $_______ $_______
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 12 $ 25,783 $ 2,445
J. All other equity securities ______ $_______ $_______
K. Other securities ______ $_______ $_______
L. Total assets of all series of registrant 12 $ 25,783 $ 2,445
</TABLE>
SCREEN NUMBER: 58 PAGE NUMBER 50 SEC2100 (5/90)
For period ending 12/31/95 If filing more than one
File number 811-6313 Page 51, "X" box: ____
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) _______
Y/N
[If answer is "N" (No), go to item 131.]
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) $ 374
______
132. [/] List the "811" (Investment Company Act of 1940)
registration number for all Series of Registrant that
are being included in this filing:
811-6313 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- 811-
811- 811- 811- 811- 811-
811- 811- 811- 811- 811-
811- 811- 811- 811- 811-
SCREEN NUMBER: 59 PAGE NUMBER: 51 SEC2100(5/90)
SIGNATURE PAGE
The following form of signature shall follow items 79, 85, 104, 110 or 132 as
appropriate.
The report is signed on behalf of the registrant (or depositor or trustee).
CITY OF: Los Angeles STATE OF: CA DATE: February 23, 1996
NAME OF REGISTRANT, DEPOSITOR, OR TRUSTEE: First SunAmerica Life
Insurance Company
By (Name and Title): Witness (Name and Title):
/s/ SCOTT L. ROBINSON /s/ SUSAN L. HARRIS
______________________ _______________________
Scott L. Robinson Susan L. Harris
Senior Vice President & Senior Vice President &
Treasurer Secretary
