FORM 24F-2
[As adopted in Release No. IC-21332, September 1, 1995, effective October 10,
1995, 60F.R. 47041.]
Annual Notice of Securities Sold Pursuant to Rule 24F-2
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: KILICO Variable Separate Account
1 Kemper Drive, Long Grove, IL 60049
_____________________________________________________________________________
2. Name of each series or class of funds for which this notice is filed:
Money Market, Total Return, High Yield, Equity, Government Securities
_____________________________________________________________________________
3. Investment Company Act File Number: 811-5025
Securities Act File Number: 33-11803
_____________________________________________________________________________
4. Last day of fiscal year for which this notice is filed: December 31, 1995
_____________________________________________________________________________
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:
N/A [ ]
_____________________________________________________________________________
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: -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:
4,560,291 (units);
$7,640,810
_____________________________________________________________________________
10. Number and aggregate sale price of securities sold during the fiscal
year in reliance upon registration pursuant to rule 24f-2:
4,560,291 (units);
$7,640,810
<PAGE>
_____________________________________________________________________________
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):
$7,640,810
(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):
- 8,323,709
(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):
-0-
(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-
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: N/A
_____________________________________________________________________________
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/Robert A. Daniel
Robert A. Daniel
Vice President, Controller and Treasurer
Date 2/22/96 *Please print the name and title of the signing
officer below the signature.
<PAGE>
February 20, 1996
KILICO Variable Separate Account
One Kemper Drive
Long Grove, IL 60049
Dear Sir or Madam:
Reference is made to your Registration Statement under the Securities Act of
1933 (the "1933 Act") and the Investment Company Act of 1940 (the "1940 Act")
on Form S-6 and all amendments thereto and the Rule 24f-2 Notice ("Notice")
to be filed by you with the Securities and Exchange Commission pursuant to
Rule 24f-2 under the 1940 Act for your fiscal year ended December 31, 1995.
Reference is also made to the 4,560,291 units (the "Units") specified in said
Notice as having been sold in reliance upon registration pursuant to Rule
24f-2. I have examined such documents, certificates and opinions and have
made such investigations as I have deemed necessary for the purposes of this
opinion.
It is my opinion that the Units, the registration of which the Notice makes
definite in number, were legally issued, fully paid and non-assessable. I
consent to the use of this opinion for or in your Registration Statement on
Form S-6 under the 1933 Act and the 1940 Act and the aforementioned Notice to
be filed pursuant to Rule 24f-2 under the 1940 Act.
Sincerely,
/s/Frank J. Julian
Frank J. Julian
Assistant General Counsel
FJJ/id
