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: FBL Variable Insurance Series
Fund, 5400 University Avenue, West Des Moines, IA 50266
2. Name of each series or class of funds for which this notice
is filed: N/A
3. Investment Company Act File Number:
Securities Act File Number: 1933
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 [ ]:
6. Date of termination of issuer's declaration under rule 24f-
2(a)(1), if applicable (see Instruction A.6):
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:
8. Number and amount of securities registered during the fiscal
year other than pursuant to rule 24f-2:
9. Number and aggregate sale price of securities sold during
the fiscal year:
4,955,782.625 shares, $14,615,560
10. Number and aggregate sale price of securities sold during
the fiscal year in reliance upon registration pursuant to rule
24f-2: 4,955,782.625 shares, $14,615,560
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):
232,073.379 shares, $2,463,604
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): $ 14,615,560
(ii) Aggregate price of shares issued in connection with
dividend reinvestment plans (from Item 11, if
applicable): + 2,463,604
(iii)Aggregate price of shares redeemed or repurchased
during the fiscal year (if applicable): - 6,872,740
(iv) Aggregate price of shares redeemed or repurchased
and previously applied as a reduction to filing fees
pursuant to rule 24e-2 (if applicable): $ N/A
(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): 10,206,424
(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)]: $100
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) [ X ]
Date of mailing or write transfer of filing fees to the
Commission's lockbox depository:
February 13, 1996
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/ Stephen M. Morain
Stephen M. Morain, Senior Vice President
Date February 26, 1996
*Please print the name and title of the signing officer below the
signature.
Sutherland Asbill & Brennan
1275 Pennsylvania Avenue, NW
Washington, DC 20004-2404
February 19, 1996
Board of Trustees
FBL Variable Insurance Series Fund
5400 University Avenue
West Des Moines, IA 50266
Gentlemen:
We have acted as counsel to FBL Variable Insurance Series
Fund (the "Fund"), a business trust organized under the laws of
the Commonwealth of Massachusetts, in connection with its
registration of an indefinite number of shares of beneficial
interest on Form N-1A (File No. 33-12791) filed under the
Securities Act of 1933, as amended (the "Registration
Statement"), and the notice pursuant to Rule 24f-2 under the
Investment Company Act of 1940, as amended, (the "Act") by which
the registration of 5,187,856.004 of such shares sold during 1995
(the "Shares") was made definite.
We have examined such Fund records, certificates and other
documents and reviewed such questions of law as we have
considered necessary or appropriate for purposes of this opinion.
In our examination of such materials, we have assumed the
genuineness of all signatures and the conformity to original
documents of all copies submitted to us. As to various questions
of fact material to our opinion, we have relied upon statements
of officers and representatives of the Fund and upon the
representation of the Fund made in the Registration Statement.
Based upon the foregoing, we are of the opinion that the
Shares are legally issued, fully paid and non-assessable.
We are attorneys licensed to practice only in the States of
Georgia and New York and the District of Columbia.
We consent to the filing of this opinion as an exhibit to
the Fund's notice pursuant to Rule 24f-2 under the Act.
Sincerely,
SUTHERLAND, ASBILL & BRENNAN
/s/ Stephen E. Roth
Stephen E. Roth
