UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 24F-2
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. The name of each series or class of securities for which this Form is
filed (If the Form is being filed for all series and classes of
securities of the issuer, check the box but do not list series of
classes):
Presidential Variable Account One
3. Investment Company Act File Number: 33-19293
Securities Act File Number: 811-5474
4. (a) Last day of fiscal year for which this Form is filed:
December 31, 1997
4. (b) Check box if this Form is being filed late (i.e., more than 90
calendar days after the end of the issuer's fiscal year). (See
Instruction A.2).
Note: If the Form is being filed late, interest must be paid on
the registration fee due.
4. (c) Check box if this is the last time the issuer will be filing this
Form.
5. Calculation of registration fee:
(i) Aggregate sale price of securities sold during the fiscal year
pursuant to section 24(f):
$ 52,816
(ii) Aggregate price of securities redeemed or repurchased during the
fiscal year:
$ - 1,793,991
(iii) Aggregate price of securities redeemed or repurchased during
any prior fiscal year ending no earlier than October 11, 1995
that were not previously used to reduce registration fees
payable to the Commission: $0
(iv) Total available redemption credits (add Items 5(ii) and
5(iii): - $1,793,991
(v) Net sales - if Item 5(I) is greater than Item 5(iv)
[subtract item 5(iv) from Item 5(I)]: $0
(vi) Redemption credits available for use in future years
- if Item 5(I) is less than Item 5(iv) [subtract
Item 5(iv) from Item 5(I)]: $(1,741,175)
(vii) Multiplier for determining registration fee (See
Instruction C.9): X .000295
(viii) Registration fee due [multiply Item 5(v) by Item
5(vii)] (enter "0" if no fee is due): = $ 0.00
6. Prepaid Shares
If the response to Item 5(I) was determined by deducting an amount of
securities that were registered under the Securities Act of 1933
pursuant to rule 24e-2 as in effect before October 11, 1997, then report
the amount of securities (number of shares or other units) deducted
here:______________ If there is a number of shares or other units that
were registered pursuant to rule 24e-2 remaining unsold at the end of
the fiscal year for which this form is filed that are available for use
by the issuer in future fiscal years, then state that number
here:_________________
7. Interest due - if this Form is being filed more than 90 days after the
end of the issuer's fiscal year (see Instruction D): + $0
8. Total of the amount of the registration fee due plus any interest
due [line 5(vii) plus line 7]: = $0
9. Date the registration fee and any interest payment was sent to the
Commission's lockbox depository: Not applicable
Method of Delivery: Wire Transfer
Mail or other means
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: March 24, 1998
