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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:
NASL Variable Life Account
116 Huntington Ave.
Boston, MA 02116
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2. Name of each series or class of funds for which this notice is filed:
Variable Life Insurance Contracts
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3. Investment Company Act File Number: 811-5228
Securities Act File Number: 33-92466
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4. Last day of fiscal year for which this notice is filed: December 31, 1996
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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 year but before termination of the issuer's 24F-2 declaration:
Not Applicable [ ]
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6. Date of termination of issuer's declaration under rule 24F-2(a)(1), if
applicable (see Instruction A.6):
Not Applicable
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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:
None
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8. Number and amount of securities registered during the fiscal year other
than pursuant to rule 24f-2:
None
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9. Number and aggregate sale price of securities sold during the fiscal year:
1,295,393 $18,420,491
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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:
1,295,393 $18,420,491
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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):
8,530 $121,303
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12. Calculation of registration fee:
(i) Aggregate sale price of securities sold during the $ 18,420,491
fiscal year in reliance on rule 24F-2 (From Item 10): --------------
(ii) Aggregate price of shares issued in connection with + 121,303
dividend reinvestment plans (from Item 11, if applicable): -------------
(iii) Aggregate price of shares redeemed or repurchased - 2,672,359
during fiscal year (if applicable): -------------
(iv) Aggregate price of shares redeemed or repurchased + 0
and previously applied as a reduction to filing fees -------------
pursuant to rule 24e-2 (if applicable):
(v) Net aggregate price of securities sold and issued 15,869,435
during the fiscal year in reliance on rule 24f-2 -------------
[line (i), plus line (ii), less line (iii), plus line
(iv)] if applicable:
(vi) Multiplier prescribed by Section 6(b) of the x 1/3300
Securities Act of 1933 or other applicable law or -------------
regulation (See instruction C.6):
(vii) Fee due [line (i) or line (v) multiplied by $ 4,808
line (vi)]: -------------
Instruction: Issuers should complete line (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 (17CFR 202.3a): [x]
Date of mailing or wire transfer of filing fees to the Commission's lockbox
depository: February 26, 1997
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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.
NASL Variable Life Account
Registrant
By: North American Security Life Insurance Company
(Depositor)
/s/ RICHARD C. HIRTLE
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Richard C. Hirtle
Vice President, Treasurer and C.F.O.
Date: February 26, 1997
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February 26, 1997
The Board of Directors
North American Security Life Insurance Company
Dear Directors
This opinion is written in reference to variable life insurance contracts (the
"Contracts") issued through the NASL Variable Life Account by North American
Security Life Insurance Company ("the Company") and covered by the Rule 24f-2
notice dated February 26, 1997, to be filed with the Securities and Exchange
Commission. I have examined such documents, reviewed such questions of law, and
received such certification of facts by a Company officer as I deemed necessary
for purposes of this opinion. On the basis of such examination, review and
certification, it is my opinion that the Contracts covered by the Rule 24f-2
notice have been legally issued and are binding obligations of the Company.
I hereby consent to the filing of this letter with the Rule 24f-2 notice.
Very truly yours,
/s/ BETSY ANNE SEEL
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Betsy Anne Seel
Counsel
