PRESIDENTIAL VARIABLE ANNUITY ACCOUNT ONE
24F-2NT, 1996-02-29
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                     U.S. SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C.  20549

                                    FORM 24-F2

                         Annual Notice of Securities Sold
                              Pursuant to Rule 24f-2


1. Name and address of issuer:
           Presidential Life Insurance Company
           69 Lydecker Street
           Nyack, NY 10960

2. Name of each series or class of funds for which this notice is filed:
           Not applicable

3. Investment Company Act File Number:     811-5474
   Securities Act File Number:   33-19293

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):
           Not applicable

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:
           $0.00

8. Number and amount of securities registered during the fiscal year other
   than pursuant to rule 24f-2: 
           $0.00

9. Number and aggregate sale price of securities sold during the fiscal
   year:
           2,245 units; $38,942

10.     Number and aggregate sale price of securities sold during the fiscal
        year in reliance upon registration pursuant to rule 24f-2:
           2,245 units; $38,942

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):
           Not applicable

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):
                                                $     38,942

   (ii) Aggregate price of shares issued in connection with dividend
        reinvestment plans (from Item 11, if applicable):
                                                +       0.00

   (iii)   Aggregate price of shares redeemed or repurchased during the
           fiscal year (if applicable):
                                                -  1,619,939

   (iv) Aggregate price of shares redeemed or repurchased and previously
        applied as a reduction to filing fees pursuant to rule 24e-2 (if
        applicable):
                                                +       0.00

   (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):
                                                        0.00

   (vi) Multiplier prescribed by Section 6(b) of the Securities Act of
        1933 or other applicable law or regulation (see Instruction C.6):
                                                0.00 x 1/2900

   (vii)   Fee due [line (i) or line (v) multiplied by line (vi)]:
                                                       0.00

 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).    Not applicable

   Date of mailing or wire transfer of filing fees to the Commission's
   lockbox depository: Not applicable



                                    SIGNATURES


This report has been signed below by the following persons on behalf of the
issuer and in the capacities and the dates indicated.


                            By:  /s/ Michael V. Oporto
                                 Michael V. Oporto
                                 Treasurer


Date:   February 28, 1996




                            ROUTIER AND JOHNSON, P.C.
                                 ATTORNEYS AT LAW
                               1700 K STREET, N.W.
                                    SUITE 1003
Robert J. Routier           WASHINGTON, D.C.  20006            (202) 296-4852




                                February 28, 1996


Securities and Exchange Commission
450 Fifth Street, N.W.
Washington, D.C.  20549

Re:  Opinion of Counsel
     Presidential Variable Annuity Account One
     File No. 33-19293

Ladies/Gentlemen:

     As Counsel for Presidential Life Insurance Company, this firm is aware of
and familiar with the registration statement filed with the Securities and
Exchange Commission by Presidential Life Insurance Company as depositor for the
Presidential Variable Annuity Account One ("Separate Account") and the
securities being offered by the Separate Account.

     Based on a review of the relevant documents and materials and on the basis
of available information, the undersigned is of the opinion that the securities
issued during period ending December 31, 1995, by the Separate Account were
legally issued, fully paid and non-assessable.



                                        /s/ Robert J. Routier
                                            Robert J. Routier



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