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(219)455-1847
February 23, 1996
Lincoln Life Flexible Premium Life Account F
1300 South Clinton Street
P.O. Box 1110
Fort Wayne, IN 46801
Re: Lincoln Life Flexible Premium Life Account F
Rule 24f-2 Notice for the year ended December 31, 1995
(File Nos. 33-14692; 811-5164)
Gentlemen:
At the request of the management of Lincoln Life Flexible Premium Life
Account F, I have made such examination of law and have examined such records
and documents as I have deemed necessary to render the opinion expressed below.
I am of the opinion that the securities the registration of which the above
notice makes definite in number were legally issued, fully paid, and non-
assessable.
I consent to the filing of this Opinion as an exhibit to the Fund's Rule
24f-2 Notice dated February 26, 1996.
Sincerely,
/s/ROY V. WASHINGTON
Roy V. Washington
Associate Counsel
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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.
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1. Name and address of issuer: Lincoln National Flexible Premium
Variable Life Account F
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2. Name of each series or class of funds for which this notice is filed:
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3. Investment Company Act File Number: 811-5164
Securities Act File Number: 33-14692
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4. Last day of fiscal year for which this notice is filed: 12/31/95
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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
[_]
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6. Date of termination of issuer's declaration under rule 24f-2(a)(1), if
applicable (see Instruction A.6): N/A
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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: N/A
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8. Number and amount of securities registered during the fiscal year other
than pursuant to rule 24f-2: N/A
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9. Number and aggregate sale price of securities sold during the fiscal year:
2,110,649 shares $9,408,169
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10. Number and aggregate sale price of securities sold during the fiscal year
in reliance upon registration pursuant to rule 24f-2:
2,110,649 shares $9,408,169
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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-
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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): $9,408,169
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(ii) Aggregate price of shares issued in connection
with dividend reinvestment plans (from Item 11,
if applicable): + 0
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(iii) Aggregate price of shares redeemed or
repurchased during the fiscal year (if
applicable): -8,214,263
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(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
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(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): 1,193,906
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(vi) Multiplier prescribed by Section 6(b) of
the Securities Act of 1933 or other applicable
law or regulation (see Instruction C.6): / 2,900
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(vii) Fee due [line (i) or line (v) multiplied by
line (vi)]: 411.69
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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.
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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 wire transfer of filing fees to the Commission's
lockbox depository: 2/23/96
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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/ Edward B. Martin, Vice President
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Date 26 February 1996
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*Please print the name and title of the signing officer below the signature.
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