FORM N-SAR
ANNUAL REPORT
FOR REGISTERED INVESTMENT COMPANIES
Report for six month period ending: / /
(a)
or fiscal year ending: 12 / 31
/98 (b)
Is this a transmission 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: The Prudential Variable
Contract Account - 24
B. File Number: 811- 05053
C. Telephone Number 9733671496
2. A. Street: 100 Mulberry Street - 9th Floor
B. City: Newark C. State: NJ D. Zip Code
07102 Zip Ext: 4077
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", go to item 8.]
B. How many separate series or portfolios did
Registrant
have at the end of the period?
UNIT INVESTMENT TRUSTS
111. A. Depositor Name: The Prudential Insurance
Company of America
B. File Number (If any):
C. City: Newark State: NJ Zip
Code: 07102
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:
113. 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: Prudential
Investment Management
Services
LLC
B. File Number: 8-36540
C. City: Newark State: NJ Zip Code:
07102
Zip Ext.: 2992
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:
PricewaterhouseCoopers LLP
B. City: New York State: NY
Zip Code: 10039 Ext:
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:
116. Family of investment companies information:
A. Is Registrant part of a family of
investment
companies? (Y/N) Y
B. Identify the family in 10 letters:
Prudential
(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
If answer is "Y" (Yes), are any of the following
types of
contracts funded by the Registrant?:
B. Variable annuity contracts? (Y/N) Y
C. Scheduled premium variable life
contracts? (Y/N) N
D. Flexible premium variable life contracts?
(Y/N) N
E. Other types of insurance products
registered under the
Securities Act of 1933? (Y/N) N
118. State the number of series existing at the end of
the period
that had securities registered under the
Securities Act of
1933: 1
119. State the number of new series for which
registration
statements under the Securities Act of 1933
became
effective during the period: -0-
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) $ -0-
121. State the number of series for which a current
prospectus
was in existence at the end of the period. 1
122. State the number of existing series for which
additional
units were registered under the Securities Act
of 1933
during the current period. -0-
123. State the total value of the additional units
considered in
answering item 122 ($000's omitted) $ -0-
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) $ -0-
125. State the total dollar amount of sales loads
collected
(before allowances 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) $ -0-
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) $ -0-
Number of
Total Assets Total Income
Series
($000's Distributions
Investing omitted) ($000's omitted)
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 of
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
J. All other equity securities
1,413,690
K. Other securities
L. Total assets of all series of registrant
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
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)
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)
Y
131. Total expenses incurred by all series of Registrant
during
the current reporting period ($000's omitted)
$ 22,895
132. List the "811" (Investment Company Act of 1940)
registration number for all Series of Registrant
that are
being included in this filing:
811-3623 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-
To the Board of Directors of The Prudential Insurance
Company of America and the Contract Holders
of The Prudential Variable Contract Account - 24
(2)
Report of Independent Accountants
To the Board of Directors of The Prudential Insurance
Company of America and the Contract Holders
of The Prudential Variable Contract Account - 24
In planning and performing our audit of the financial
statements of The Prudential Variable Account - 24 of The
Prudential Insurance Company of America (the "Account") for the
year ended December 31, 1998, we considered its internal
control, including control activities for safeguarding
securities, in order to determine our auditing procedures for
the purpose of expressing our opinion on the financial
statements and to comply with the requirements of Form N-SAR,
not to provide assurance on internal control.
The management of the Account is responsible for establishing
and maintaining internal control. In fulfilling this
responsibility, estimates and judgments by management are
required to assess the expected benefits and related costs of
controls. Generally, controls that are relevant to an audit
pertain to the entity's objective of preparing financial
statements for external purposes that are fairly presented in
conformity with generally accepted accounting principles.
Those controls include the safeguarding of assets against
unauthorized acquisition, use or disposition.
Because of inherent limitations in internal control, errors or
fraud may occur and not be detected. Also, projection of any
evaluation of internal control to future periods is subject to
the risk that it may become inadequate because of changes in
conditions or that the effectiveness of the design and
operation may deteriorate.
Our consideration of internal control would not necessarily
disclose all matters in internal control that might be material
weaknesses under standards established by the American
Institute of Certified Public Accountants. A material weakness
is a condition in which the design or operation of one or more
of the internal control components does not reduce to a
relatively low level the risk that misstatements caused by
error or fraud in amounts that would be material in relation to
the financial statements being audited may occur and not be
detected
within a timely period by employees in the normal course of
performing their assigned functions. However, we noted no
matters involving internal control and its operation, including
controls for safeguarding securities, that we consider to be
material weaknesses as defined above as of December 31, 1998.
This report is intended solely for the information and use of
management and the Committee of the Account and the Securities
and Exchange Commission.
PricewaterhouseCoopers LLP
New York, New York
February 25, 1999
T:\flh\vca24nsarGT.doc
This report is signed on behalf of the Registrant in
the City of Newark and State of New Jersey on the 1st day of
March, 1999.
The Prudential Variable Contract Account-24
File No. 811-05053
Witness: /s/ Caren Cunningham______ By: /s/
Grace Torres____
Caren Cunningham Grace Torres
Secretary Treasurer
