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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.
1. Name and address of issuer:
Ohio National Variable Account R
c/o Ohio National Life Assurance Corporation
One Financial Way
Cincinnati, OH 45242
2. Name of each series or class of funds for which this notice is filed:
Flexible Premium Variable Life Insurance Contracts
("Vari-Vest" I, II, III, and IV)
3. Investment Company Act File Number: 811-4320
Securities Act File Number: 2-98265, 2-98266, 33-9520, 33-53350
4. Last day of the fiscal year for which this notice is filed:
DECEMBER 31, 1996
5. Check box if this notice is being filed more than 180 days after the close of
the issuer's fiscal year for purpose 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):
N/A
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
8. Number and amount of securities registered during the fiscal year other than
pursuant to rule 24f-2:
None
9. Number and aggregate sale price of securities sold during the fiscal year:
$25,410,510
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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:
$25,410,510
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):
$2,020,887
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): $ 25,410,510
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(ii) Aggregate price of shares issued in connection with
dividend reinvestment plans (from Item 11, if
applicable): $ 2,020,887
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(iii) Aggregate price of shares redeemed or repurchased
during the fiscal year (if applicable): $ 12,376,398
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(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
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(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: $ 15,054,999
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(vi) Multiplier prescribed by Section 6(b) of the Securities
Act of 1933 or other applicable law or regulation (see
Instruction C.6): x 1/3,300
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(vii) Fee due [line (i) or line (v) multiplied by line (vi)]: $ 4,562
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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 (17 CFR 202.3a)
[ X ]
Date of mailing or wire transfer of Filing fees to the Commission's lockbox
depository:
February 20, 1997
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.
By (Signature and Title)* /s/ DONALD J. ZIMMERMAN
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Donald J. Zimmerman, Senior Vice President
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Date February 19, 1997
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* Please print the name and title of the signing officer below the signature.
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[LOGO] Ohio National
Financial Services[SM]
February 20, 1997
Board of Directors
Ohio National Life Assurance Corporation
237 William Howard Taft Road
Cincinnati, Ohio 45219
Re: Ohio National Variable Account R
Rule 24f-2 Notice; Opinion of Counsel
Gentlemen:
In my capacity as legal counsel for Ohio National Life Assurance Corporation,
I have supervised the establishment and continued lawful operation of Ohio
National Variable Account pursuant to resolution of the Board of Directors as
a separate account for assets applicable to variable life insurance policies as
provided in Section 3907.15 of the Ohio Revised Code. In such capacity I have
also participated in the preparation and the filing of registration statements
under the Securities Act of 1933 with respect to variable life insurance
policies.
I am of the opinion that the variable life insurance policies have been issued
in compliance with applicable local law, were legally issued, fully paid and
non-assessable, and are legal and binding obligations of Ohio National Life
Assurance Corporation in accordance with their terms.
In arriving at the foregoing, I have made such examination of law and examined
such records and other documents as in my judgment are necessary or
appropriate.
I hereby consent to the filing of this letter as an exhibit to the Form 24F-2
Notice for Ohio National Variable Account R.
Sincerely,
/s/ RONALD L. BENEDICT
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Ronald L. Benedict
Assistant Secretary and
Legal Counsel
RLB/nh
24F2R
The Ohio National Life Insurance Company
Ohio National Life Assurance Corporation
