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: LBVIP Variable Insurance Account
625 Fourth Avenue South
Minneapolis, MN 55415
2. Name of each series or class of securities for which this Form is
filed (If the Form is being filed for all series and classes of securities
of the issuer, check the box but do not list series or classes): [ ]
3. Investment Company Act File Number: 811-4602
Securities Act File Number 33-3243
4(a). Last day of fiscal for which this notice is filed: 12/31/97
4(b). [ ] Check box if this Form is being filed late (i.e. more than 90
days after he end of the issuer's fiscal year). (See instruction A.2)
Note: If the Form is being filed late, interest must be paid on the
registration fee due.
4(c). [ ] Check box if this is the last time the issuer will be filing this
Form.
5. Calculation of registration fee:
(i) Aggregate sale price of securities
sold during the fiscal year pursuant
to Rule 24f-2 (from Item 10): $38,813,512
(ii) Aggregate price of securities
redeemed or repurchased during
the fiscal year: $26,757,417
(iii) Aggregate price of securities
redeemed or repurchased during
any prior fiscal year ending
no earlier than October 11, 1995,
that were not previously used to
reduce registration fees payable
to the Commission: $ 0
(iv) Total available redemption credits [add
Items 5(ii) and 5(iii)]: -$26,757,417
(v) Net sales - if Item 5(i) is greater than
Item 5(iv) [subtract Item 5(iv) from
Item 5(i)]: $12,056,095
(vi) Redemption credits available for
use in future years - if Item 5(i)
is less than Item 5(iv) [subtract
Item 5(iv) from Item 5(i)]: $( 0 )
(vii) Multiplier for determining registration fee
(See Instruction C.9): x .000295
(viii) Registration fee due [multiply Item 5(v) by
Item 5(vii)] enter "0" if no fee is due): =$3,556.55
6. If the response to Item 5(i) was determined by deducting an amount of
securities that were registered under the Securities Act of 1933 pursuant to
rule 24e-2 as in effect before [effective date of rescission of rule 24e-2],
then report the amount of securities (number of shares or other units)
deducted here: ________________. If there is a number of shares or other
units that were registered pursuant to rule 24e-2 remaining unsold at the
end of the fiscal year for which this form is filed that are available for
use by the issuer in future years, then state that number here:
_________________.
7. Interest due - if this Form is being filed more
than 90 days after the end of the issuer's fiscal
year (see Instruction D): +$0
8. Total of the amount of registration fee due
plus any interest due [line 5(viii) plus line 7] =$3,556.55
9. Date the registration fee and any interest payment
was sent to the Commission's lockbox depository: March 26, 1998
CIK number designated to receive payment: 0000789545
Method of Delivery:
[X] Wire Transfer
[ ] Mail or other means
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*) LUTHERAN BROTHERHOOD VARIABLE INSURANCE
PRODUCTS COMPANY, DEPOSITOR
/s/ James M. Odland
James M. Odland
Assistant Secretary
Date March 27, 1998
* Please print the name and title of the signing officer below the
signature.
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