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__
Y/N
Is this an amendment to a previous filing? (Y/N): __N__
Y/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: American Republic Variable Annuity Account
B. File Number: 811 - 4921
C. Telephone Number: (515) 245-2001
2. A. Street: 601 Sixth Avenue
B. City: Des Moines C. State: IA D. Zip Code: 50309 Zip Ext:
E. Foreign Country Foreign Postal Code:
3. Is this the first filing on this form by Registrant?(Y/N)-------------- __N__
Y/N
4. Is this the last filing on this form by Registrant?(Y/N)--------------- __N__
Y/N
5. Is Registrant a small business investment company (SBIC)?(Y/N)--------- __N__
[If answer is "Y" (Yes), complete only items 89 through 110.] Y/N
6. Is Registrant a unit investment trust (UIT)?(Y/N)---------------------- __Y__
[If answer is "Y" (Yes), complete only items 111 through 132.] Y/N
7. A. Is Registrant a series or multiple portfolio company? (Y/N)--------- _____
[If answer is "N" (No), go to item 8.] Y/N
B. How many separate series or portfolios did Registrant have at the end of
the period?----------------------------------------------------------_____
<PAGE>
For period ending: 12/31/95 If filing more than one
Page 47, "X" box: _____
File number: 811 - 4921
UNIT INVESTMENT TRUSTS
___
111. A. |_/_| Depositor Name:_________________________________________________
___
B. |_/_| File Number (If any): _______________________
___
C. |_/_| City:_______________ State:________ Zip Code:_______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:______
<PAGE>
For period ending: 12/31/95 If filing more than one
Page 48, "X" box: _____
File number: 811 - 4921
___
113. A. |_/_| Trustee Name:____________________________________________________
___
B. |_/_| City:_______________State:____________Zip Code:______Zip Ext:____
___
|_/_| Foreign Country:______________________ Foreign Postal Code:______
___
113. A. |_/_| Sponsor Name:____________________________________________________
___
B. |_/_| City:______________State:___________Zip Code:______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:______
___
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:______________________________
___
B. |_/_| City:_______________State:__________Zip Code:______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:_______
<PAGE>
For period ending: 12/31/95 If filing more than one
Page 49, "X" box: _____
File number: 811 - 4921
116. Family of investment companies information:
___
A. |_/_| Is Registrant part of a family of investment companies?-- ______
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 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/N
___
C. |_/_| Scheduled premium variable life contracts?(Y/N)--------- _______
Y/N
___
D. |_/_| Flexible premium variable life contracts?(Y/N)---------- _______
Y/N
___
E. |_/_| Other types of insurance products registered 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 the Securities Act of
1933--------------------------------------------------------- _______
___
119. |_/_| State the number of new series for which registration
statements under the Securities Act of 1933 became effective
during the period-------------------------------------------- _______
___
120. |_/_| State the total value of the portfolio securities on the date
of deposit for the new series included in item 119 ($000's
omitted)-----------------------------------------------------$_______
___
121. |_/_| State the number of series for which a current prospectus was
in existence at the end of the period------------------------ _______
___
122. |_/_| State the number of existing series for which additional units
were registered under the Securities Act of 1933 during the
period------------------------------------------------------- _______
<PAGE>
For period ending: 12/31/95 If filing more than one
Page 50, "X" box: _____
File number: 811 - 4921
___
123. |_/_| State the total value of the additional units considered
in answering item 122 ($000's omitted)----------------------$ _______
___
124. |_/_| State the 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 total income distributions made by each
such group of series during the current period (excluding
distributions of realized gains, if any):
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------------------------________ $_______ $____________
<PAGE>
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-----________ $_______ $____________
J. All other equity securities--------------____1___ $108,514 $4,441_______
K. Other securities-------------------------________ $_______ $____________
L. Total assets of all series of
registrant-------------------------------_____1__ $108,514 $4,441_______
For period ending: 12/31/95 If filing more than one
Page 51, "X" box: _____
File number: 811 - 4921
___
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)---------------------------------------- _______
[If answer is "N" (No), go to item 131.] Y/N
___
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)--------- ________
[If answer is "N" (No), go to item 131.] Y/N
___
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
131. Total expenses incurred by all series of Registrant
during the current reporting period ($000's
omitted)-----------------------------------------------------$ 2,199_
___
132. |_/_| List the "811" (Investment Company Act of 1940) registration
number for all Series of Registrant that are being included
in this filing:
811 - _____ 811 - _____ 811 - _____ 811 - _____ 811 - _____
811 - _____ 811 - _____ 811 - _____ 811 - _____ 811 - _____
811 - _____ 811 - _____ 811 - _____ 811 - _____ 811 - _____
811 - _____ 811 - _____ 811 - _____ 811 - _____ 811 - _____
<PAGE>
This report is signed on behalf of the registrant (or depositor or trustee).
City of: State: Date:
Des Moines Iowa 02/21/96
Name of Registrant, Depositor, or Trustee:
American Republic Variable Annuity Account
By (Name and Title): Witness (Name and Title):
/s/ Ronald P. Morden /s/ Mary K. Durand
Ronald P. Morden Mary K. Durand
Senior Vice President and Treasurer Secretary
American Republic Insurance Company American Republic Insurance Company
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 1
<NAME> AMERICAN REPUBLIC VARIABLE ANNUITY ACCOUNT MONEY MARKET DIVISION
<MULTIPLIER> 1
<S> <C>
<PERIOD-TYPE> YEAR
<FISCAL-YEAR-END> DEC-31-1995
<PERIOD-END> DEC-31-1995
<INVESTMENTS-AT-COST> 15,041,268
<INVESTMENTS-AT-VALUE> 15,041,268
<RECEIVABLES> 0
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 15,041,268
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 85
<TOTAL-LIABILITIES> 85
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 15,041,183
<SHARES-COMMON-STOCK> 1,110,864
<SHARES-COMMON-PRIOR> 1,245,374
<ACCUMULATED-NII-CURRENT> 471,598
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 0
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 0
<NET-ASSETS> 15,041,183
<DIVIDEND-INCOME> 884,980
<INTEREST-INCOME> 0
<OTHER-INCOME> 0
<EXPENSES-NET> 291,303
<NET-INVESTMENT-INCOME> 593,677
<REALIZED-GAINS-CURRENT> 0
<APPREC-INCREASE-CURRENT> 0
<NET-CHANGE-FROM-OPS> 593,677
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 1,211,551
<NUMBER-OF-SHARES-REDEEMED> 1,346,061
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> (1,165,060)
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 0
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 0
<AVERAGE-NET-ASSETS> 0
<PER-SHARE-NAV-BEGIN> 13.01
<PER-SHARE-NII> 0
<PER-SHARE-GAIN-APPREC> 0
<PER-SHARE-DIVIDEND> 0
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 13.52
<EXPENSE-RATIO> 0
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 2
<NAME> AMERICAN REPUBLIC VARIABLE ANNUITY ACCOUNT GROWTH DIVISION
<MULTIPLIER> 1
<S> <C>
<PERIOD-TYPE> YEAR
<FISCAL-YEAR-END> DEC-31-1995
<PERIOD-END> DEC-31-1995
<INVESTMENTS-AT-COST> 19,486,434
<INVESTMENTS-AT-VALUE> 23,059,432
<RECEIVABLES> 2,169,104
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 25,228,536
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 0
<TOTAL-LIABILITIES> 0
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 25,228,536
<SHARES-COMMON-STOCK> 950,154
<SHARES-COMMON-PRIOR> 1,329,132
<ACCUMULATED-NII-CURRENT> 188,296
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 0
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 3,572,998
<NET-ASSETS> 25,228,536
<DIVIDEND-INCOME> 105,423
<INTEREST-INCOME> 0
<OTHER-INCOME> 2,147,451
<EXPENSES-NET> 456,306
<NET-INVESTMENT-INCOME> 1,796,568
<REALIZED-GAINS-CURRENT> 1,447,141
<APPREC-INCREASE-CURRENT> 3,601,633
<NET-CHANGE-FROM-OPS> 6,845,342
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 238,060
<NUMBER-OF-SHARES-REDEEMED> 617,038
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> (1,744,999)
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 0
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 0
<AVERAGE-NET-ASSETS> 0
<PER-SHARE-NAV-BEGIN> 20.26
<PER-SHARE-NII> 0
<PER-SHARE-GAIN-APPREC> 0
<PER-SHARE-DIVIDEND> 0
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 26.48
<EXPENSE-RATIO> 0
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 3
<NAME> AMERICAN REPUBLIC VARIABLE ANNUITY ACCOUNT GROWTH AND INCOME
DIVISION<F1>
<MULTIPLIER> 1
<S> <C>
<PERIOD-TYPE> YEAR
<FISCAL-YEAR-END> DEC-31-1995
<PERIOD-END> DEC-31-1995
<INVESTMENTS-AT-COST> 6,230,454
<INVESTMENTS-AT-VALUE> 7,412,192
<RECEIVABLES> 79,020
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 7,491,212
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 0
<TOTAL-LIABILITIES> 0
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 7,491,212
<SHARES-COMMON-STOCK> 638,291
<SHARES-COMMON-PRIOR> 1,006,275
<ACCUMULATED-NII-CURRENT> (90,445)
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 0
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 1,181,738
<NET-ASSETS> 7,491,212
<DIVIDEND-INCOME> 63,153
<INTEREST-INCOME> 0
<OTHER-INCOME> 15,867
<EXPENSES-NET> 146,125
<NET-INVESTMENT-INCOME> (67,105)
<REALIZED-GAINS-CURRENT> 358,226
<APPREC-INCREASE-CURRENT> 1,666,194
<NET-CHANGE-FROM-OPS> 1,957,315
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 313,034
<NUMBER-OF-SHARES-REDEEMED> 681,018
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> (1,668,735)
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 0
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 0
<AVERAGE-NET-ASSETS> 0
<PER-SHARE-NAV-BEGIN> 9.10
<PER-SHARE-NII> 0
<PER-SHARE-GAIN-APPREC> 0
<PER-SHARE-DIVIDEND> 0
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 11.71
<EXPENSE-RATIO> 0
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
<FN>
<F1>Division was formerly named Dividend Growth Division
</FN>
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 4
<NAME> AMERICAN REPUBLIC VARIABLE ANNUITY ACCOUNT GLOBAL GROWTH DIVISION
<MULTIPLIER> 1
<S> <C>
<PERIOD-TYPE> YEAR
<FISCAL-YEAR-END> DEC-31-1995
<PERIOD-END> DEC-31-1995
<INVESTMENTS-AT-COST> 12,588,793
<INVESTMENTS-AT-VALUE> 12,178,300
<RECEIVABLES> 0
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 12,178,300
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 0
<TOTAL-LIABILITIES> 0
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 12,178,300
<SHARES-COMMON-STOCK> 866,648
<SHARES-COMMON-PRIOR> 1,418,217
<ACCUMULATED-NII-CURRENT> 1,716,549
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 0
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> (410,493)
<NET-ASSETS> 12,178,300
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 0
<OTHER-INCOME> 0
<EXPENSES-NET> 275,338
<NET-INVESTMENT-INCOME> (275,338)
<REALIZED-GAINS-CURRENT> (570,494)
<APPREC-INCREASE-CURRENT> (351,624)
<NET-CHANGE-FROM-OPS> (1,197,456)
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 135,760
<NUMBER-OF-SHARES-REDEEMED> 687,329
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> (8,738,659)
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 0
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 0
<AVERAGE-NET-ASSETS> 0
<PER-SHARE-NAV-BEGIN> 14.72
<PER-SHARE-NII> 0
<PER-SHARE-GAIN-APPREC> 0
<PER-SHARE-DIVIDEND> 0
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 14.02
<EXPENSE-RATIO> 0
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 5
<NAME> AMERICAN REPUBLIC VARIABLE ANNUITY ACCOUNT GLOBAL INCOME DIVISION
<MULTIPLIER> 1
<S> <C>
<PERIOD-TYPE> YEAR
<FISCAL-YEAR-END> DEC-31-1995
<PERIOD-END> DEC-31-1995
<INVESTMENTS-AT-COST> 21,583,765
<INVESTMENTS-AT-VALUE> 21,138,527
<RECEIVABLES> 1,996,898
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 23,135,425
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 0
<TOTAL-LIABILITIES> 0
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 23,135,425
<SHARES-COMMON-STOCK> 1,395,936
<SHARES-COMMON-PRIOR> 2,349,106
<ACCUMULATED-NII-CURRENT> 3,765,195
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 0
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> (445,238)
<NET-ASSETS> 23,135,425
<DIVIDEND-INCOME> 2,238,410
<INTEREST-INCOME> 0
<OTHER-INCOME> 0
<EXPENSES-NET> 527,309
<NET-INVESTMENT-INCOME> 1,711,101
<REALIZED-GAINS-CURRENT> 176,900
<APPREC-INCREASE-CURRENT> 1,295,090
<NET-CHANGE-FROM-OPS> 3,183,091
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 35,535
<NUMBER-OF-SHARES-REDEEMED> 988,705
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> (11,570,543)
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 0
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 0
<AVERAGE-NET-ASSETS> 0
<PER-SHARE-NAV-BEGIN> 14.73
<PER-SHARE-NII> 0
<PER-SHARE-GAIN-APPREC> 0
<PER-SHARE-DIVIDEND> 0
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 16.50
<EXPENSE-RATIO> 0
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 6
<NAME> AMERICAN REPUBLIC VARIABLE ANNUITY ACCOUNT STRATEGIC FIXED INCOME
DIVISION<F1>
<MULTIPLIER> 1
<S> <C>
<PERIOD-TYPE> YEAR
<FISCAL-YEAR-END> DEC-31-1995
<PERIOD-END> DEC-31-1995
<INVESTMENTS-AT-COST> 8,713,623
<INVESTMENTS-AT-VALUE> 8,163,973
<RECEIVABLES> 1,238,682
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 9,402,055
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 339,606
<TOTAL-LIABILITIES> 339,606
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 9,063,049
<SHARES-COMMON-STOCK> 581,739
<SHARES-COMMON-PRIOR> 1,043,726
<ACCUMULATED-NII-CURRENT> 1,578,895
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 0
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> (549,650)
<NET-ASSETS> 9,063,049
<DIVIDEND-INCOME> 663,042
<INTEREST-INCOME> 0
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<FN>
<F1>Division was formerly named Government Division.
</FN>
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 7
<NAME> AMERICAN REPUBLIC VARIABLE ANNUITY ACCOUNT ASSET ALLOCATION DIVISION
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<S> <C>
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</TABLE>
