FORM N-SAR
SEMI-ANNUAL REPORT
FOR REGISTERED INVESTMENT COMPANIES
Report for six month period ending (a)
or fiscal year ending 12/31/97 (b)
Is this a transition report? N
Is this an amendment to a previous filing? N
1. A. Registrant Name: Presidential Variable Annuity Account One
B. File Number: 811-5474
C. Telephone Number: (914) 358-2300
2. A. Street: 69 Lydecker Street
B. City: Nyack C. State: NY
D. Zip Code: 10960 Zip Ext:
E. Foreign Country: Foreign Postal Code:
3. Is this the first filing on this form by Registrant? N
4. Is this the last filing on this form by Registrant? N
5. Is Registrant a small business investment company (SBIC)? N
[If answer is "Y" (Yes), complete only items 89 through 110.]
6. Is Registrant a unit investment trust (UIT)? Y
[If answer is "Y" (Yes), complete only items 111 through 132.]
7. A. Is Registrant a series or multiple portfolio company? N
[If answer is "N" (No), go to item 8.]
B. How many separate series or portfolios did Registrant have
at the end of the period?
UNIT INVESTMENT TRUSTS
111. A. Depositor Name: Presidential Life Insurance Company
B. File Number (If any): 33-19293, 811-5474
C. City: Nyack State: NY Zip Code: 10960 Zip Ext.:
Foreign Country: Foreign Postal Code:
115. A. Independent Public Accountant Name: Price Waterhouse, LLP
City: Los Angeles State: CA Zip Code: 90071 Zip Ext.:
Foreign Country: Foreign Postal Code:
116. Family of investment companies information:
A. Is Registrant part of a family of investment companies? N
B. Identify the family in 10 letters:
117. A. Is Registrant a separate account of an insurance company? Y
If answer is "Y" (Yes), are any of the following types
of contracts funded by the Registrant?:
B. Variable annuity contracts? Y
C. Scheduled premium variable life contracts? N
D. Flexible premium variable life contracts? N
E. Other types of insurance products registered under
the Securities Act of 1933? N
118. State the number of series existing at the end of the period that
had securities registered under the Securities Act of 1933 12
119. State the number of new series for which registration
statements under the Securities Act of 1933 became effective
during the period 0
120. State the total value of the portfolio securities on the date of
deposit for the new series included in item 119 ($000's omitted)
$ 0
121. State the number of series for which a current prospectus was
in existence at the end of the period 12
122. State the number of existing series for which additional units
were registered under the Securities Act of 1933 during the
current period 12
123. State the total value of the additional units considered in
answering item 122 ($000's omitted) $292
127. List opposite the appropriate description below the number of
series whose portfolios are invested primarily (based upon a
percentage of NAV) in each type of security shown, the
aggregate total assets at market value as of a date at or near
the end of the current period of each such group of series and
the distributions made by each such group of series during the
current period (excluding distributions of realized gains, if any):
<TABLE>
Total
Number of Assets Total Income
Series ($000's Distributions
Investing omitted) ($000's omitted)
<S> <C> <C> <C>
A. U.S. Treasury direct issue
B. U.S. Government agency
C. State and municipal tax-free
D. Public utility debt
E. Brokers or dealers debt or debt
of brokers' or dealers parent
F. All other corporate intermed.
& long-term debt
G. All other corporate short-term
debt
H. Equity securities of brokers or
dealers or parents of brokers
or dealers
I. Investment company equity
securities 12 $4,612 $600
J. All other equity securities
K. Other securities
L. Total assets of all series
of Registrant 12 $4,612 $600
</TABLE>
128. Is the timely payment of principal and interest on any of the
portfolio securities held by any of Registrant's series at the
end of the current period insured or guaranteed by an entity
other than the issuer? N
[If answer is "N" (No), go to item 131].
131. Total expenses incurred by all series of Registrant during the
current reporting period ($000's omitted) $73
132. List the "811" (Investment Company Act of 1940) registration
number for all Series of Registrant that are being included
in this filing:
811-5474
This report is signed on behalf of the registrant in the City of Nyack and State
of New York on the 26th day of February, 1998.
Presidential Variable Annuity Account One
Name of Registrant
By: Presidential Life Insurance Company
By: /s/ Michael V. Oporto
Michael V. Oporto
Chief Financial Officer
