FORM N-SAR
SEMI-ANNUAL REPORT
FOR REGISTERED INVESTMENT COMPANIES
Report for six month period ending: / / (a)
or fiscal year ending: 12/31/95 (b)
Is this a transition report? (Y/N):
__N__
Y/N
Is this an amendment to a previous filing? (Y/N):
__N__
Y/N
Those items or sub-items with a box "_/_" after the item number should be
completed only if the answer has changed from the previous filing on this form.
- -------------------------------------------------------------------------------
1. A. Registrant Name: American Benefit Variable Annuity Account
B. File Number: 811-5422
C. Telephone Number: (518) 456-8164
2. A. Street: 421 New Karner Road
B. City: Albany C. State: NY D. Zip Code: 12205 Zip Ext:
E. Foreign Country Foreign Postal Code:
3. Is this the first filing on this form by Registrant?(Y/N)-------------- __N__
Y/N
4. Is this the last filing on this form by Registrant?(Y/N)--------------- __N__
Y/N
5. Is Registrant a small business investment company (SBIC)?(Y/N)--------- __N__
[If answer is "Y" (Yes), complete only items 89 through 110.] Y/N
6. Is Registrant a unit investment trust (UIT)? (Y/N)--------------------- __N__
[If answer is "Y" (Yes), complete only items 111 through 132.] Y/N
7. A. Is Registrant a series or multiple portfolio company?(Y/N)---------- _____
[If answer is "N" (No), go to item 8.] Y/N
B. How many separate series or portfolios did Registrant have at the
end of the period?-------------------------------------------------- _____
<PAGE>
For period ending: 12/31/95 If filing more than one
Page 47, "X" box: _____
File number: 811-5422
UNIT INVESTMENT TRUSTS
111. A. _/_ Depositor Name:_____________________________________________________
B. _/_ File Number (If any): _______________________
C. _/_ City:________________ State:_________ Zip Code:______Zip Ext:_______
_/_ Foreign Country:_____________________ Foreign Postal Code:__________
111. A. _/_ Depositor Name:_____________________________________________________
B. _/_ File Number (If any):________________________
C. _/_ City:________________ State:_________ Zip Code:______Zip Ext:_______
_/_ Foreign Country:_____________________ Foreign Postal Code:__________
112. A. _/_ Sponsor Name:_______________________________________________________
B. _/_ File Number (If any): _______________________
C. _/_ City:________________ State:_________ Zip Code:______Zip Ext:_______
_/_ Foreign Country:_____________________ Foreign Postal Code:__________
112. A. _/_ Sponsor Name:_______________________________________________________
B. _/_ File Number (If any): _______________________
C. _/_ City:________________ State:_________ Zip Code:______Zip Ext:_______
_/_ Foreign Country:_____________________ Foreign Postal Code:__________
<PAGE>
For period ending: 12/31/95 If filing more than one
Page 48, "X" box: _____
File number: 811-5422
113. A. _/_ Trustee Name:_______________________________________________________
B. _/_ City:________________ State:_________ Zip Code:______Zip Ext:_______
_/_ Foreign Country:_____________________ Foreign Postal Code:__________
113. A. _/_ Sponsor Name:_______________________________________________________
B. _/_ City:________________ State:_________ Zip Code:______Zip Ext:_______
_/_ Foreign Country:_____________________ Foreign Postal Code:__________
114. A. _/_ Principal Underwriter Name:_________________________________________
B. _/_ File Number: 8- ____________________________
C. _/_ City:________________ State:_________ Zip Code:______Zip Ext:_______
_/_ Foreign Country:_____________________ Foreign Postal Code:__________
114. A. _/_ Principal Underwriter Name:_________________________________________
B. _/_ File Number: 8- ____________________________
C. _/_ City:________________ State:_________ Zip Code:______Zip Ext:_______
_/_ Foreign Country:_____________________ Foreign Postal Code:__________
115. A. _/_ Independent Public Accountant Name:______________________________
B. _/_ City:________________ State:_________ Zip Code:______Zip Ext:_______
_/_ Foreign Country:_____________________ Foreign Postal Code:__________
115. A. _/_ Independent Public Accountant Name:______________________________
B. _/_ City:________________ State:_________ Zip Code:______Zip Ext:_______
_/_ Foreign Country:_____________________ Foreign Postal Code:__________
<PAGE>
For period ending: 12/31/95 If filing more than one
Page 49, "X" box: _____
File number: 811-5422
116. Family of investment companies information:
A. _/_ Is Registrant part of a family of investment companies?
(Y/N)--------------------------------------------------------_______
Y/N
B. _/_ Identify the family in 10 letters:__ __ __ __ __ __ __ __ __ __
(NOTE: In filing this form, use this identification consistently for
all investment companies in family. This designation is for
purposes of this form only.)
117. A. _/_ Is Registrant a separate account of an insurance company?
(Y/N)--------------------------------------------------------_______
Y/N
If answer is "Y" (Yes), are any of the following types of contracts
funded by the Registrant?:
B. _/_ Variable annuity contracts?(Y/N)---------------------------- _______
Y/N
C. _/_ Scheduled premium variable life contracts?(Y/N)------------- _______
Y/N
D. _/_ Flexible premium variable life contracts?(Y/N)-------------- _______
Y/N
E. _/_ Other types of insurance products registered under the Securities
Act of 1933?(Y/N)------------------------------------------- _______
Y/N
118. _/_ State the number of series existing at the end of the period
that had securities registered under the Securities Act of
1933---------------------------------------------------------- _______
119. _/_ State the number of new series for which registration statements
under the Securities Act of 1933 became effective during the
period-------------------------------------------------------- _______
120. _/_ State the total value of the portfolio securities on the date of
deposit for the new series included in item 119
($000's omitted)----------------------------------------------$_______
121. _/_ State the number of series for which a current prospectus was
in existence at the end of the period------------------------- _______
122. _/_ State the number of existing series for which additional units were
registered under the Securities Act of 1933 during the
period-------------------------------------------------------- _______
<PAGE>
For period ending: 12/31/95 If filing more than one
Page 50, "X" box: _____
File number: 811-5422
123. _/_ State the total value of the additional units considered in answering
item 122 ($000's omitted)------------------------------------$________
124. _/_ State the value of units of prior series that were placed in the
portfolios of subsequent series during the current period (the value
of these units is to be measured on the date they were placed in the
subsequent series)($000's omitted)---------------------------$ _______
125. _/_ State the total dollar amount of sales loads collected (before
reallowances to other brokers or dealers) by Registrant's principal
underwriter and any underwriter which is an affiliated person of the
principal underwriter during the current period solely from the sale
of units of all series of Registrant ($000's omitted)--------$ _______
126. Of the amount shown in item 125, state the total dollar amount of
sales loads collected from secondary market operations in Registrant's
units (include the sales loads, if any, collected on units of a prior
series placed in the portfolio of a subsequent series.) ($000's
omitted)-----------------------------------------------------$ _______
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 total distributions made by each
such group of series during the current period (excluding
distributions of realized gains, if any):
Number of Total Assets Total Income
Series (000's Distributions
Investing omitted) ($000's omitted)
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-------------------- ______ $_______ $__________
<PAGE>
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--------------------------________ $_______ $____________
J. All other equity securities---------___1____ $5,112__ $254_________
K. Other securities--------------------________ $_______ $____________
L. Total assets of all series of
registrant--------------------------___1____ $5,112__ $254_________
For period ending: 12/31/95 If filing more than one
Page 51, "X" box: _____
File number: 811 - 5422
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?(Y/N)-------------------------------------------------- _______
[If answer is "N" (No), go to item 131.] Y/N
129. _/_ Is the issuer of any instrument covered in item 128 delinquent or in
default as to payment of principal or interest at the end of the
current period? (Y/N)----------------------------------------- _______
[If answer is "N" (No), go to item 131.] Y/N
130. _/_ In computations of NAV or offering price per unit, is any part of the
value attributed to instruments identified in item 129 derived from
insurance or guarantees?-------------------------------------- _______
Y/N
131. Total expenses incurred by all series of Registrant during the current
reporting period ($000's omitted)-----------------------------$ 130___
132. _/_ List the "811" (Investment Company Act of 1940) registration number for
all Series of Registrant that are being included in this filing:
811 - _____ 811 - _____ 811 - _____ 811 - _____ 811 - _____
811 - _____ 811 - _____ 811 - _____ 811 - _____ 811 - _____
811 - _____ 811 - _____ 811 - _____ 811 - _____ 811 - _____
811 - _____ 811 - _____ 811 - _____ 811 - _____ 811 - _____
<PAGE>
This report is signed on behalf of the Registrant (or depositor or trustee).
City of: State: Date:
Des Moines Iowa 02/21/96
Name of Registrant, Depositor, or Trustee:
American Benefit Variable Annuity Account
By (Name and Title): Witness (Name and Title):
/s/ Ronald P. Morden /s/ Mary K. Durand
Ronald P. Morden Mary K. Durand
Treasurer Secretary
American Benefit Life American Benefit Life
Insurance Company Insurance Company
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 1
<NAME>AMERICAN BENEFIT LIFE VARIABLE ANNUITY ACCOUNT MONEY MARKET DIVISION
<MULTIPLIER> 1
<S> <C>
<PERIOD-TYPE> Year
<FISCAL-YEAR-END> DEC-31-1995
<PERIOD-END> DEC-31-1995
<INVESTMENTS-AT-COST> 547,326
<INVESTMENTS-AT-VALUE> 547,326
<RECEIVABLES> 0
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 547,326
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 0
<TOTAL-LIABILITIES> 0
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 547,326
<SHARES-COMMON-STOCK> 42,317
<SHARES-COMMON-PRIOR> 73,868
<ACCUMULATED-NII-CURRENT> 21,353
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 0
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 0
<NET-ASSETS> 547,326
<DIVIDEND-INCOME> 45,120
<INTEREST-INCOME> 0
<OTHER-INCOME> 0
<EXPENSES-NET> 13,010
<NET-INVESTMENT-INCOME> 32,110
<REALIZED-GAINS-CURRENT> 0
<APPREC-INCREASE-CURRENT> 0
<NET-CHANGE-FROM-OPS> 32,110
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 5,405
<NUMBER-OF-SHARES-REDEEMED> 36,956
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> (372,429)
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 0
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 0
<AVERAGE-NET-ASSETS> 0
<PER-SHARE-NAV-BEGIN> 12.45
<PER-SHARE-NII> 0
<PER-SHARE-GAIN-APPREC> 0
<PER-SHARE-DIVIDEND> 0
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 12.93
<EXPENSE-RATIO> 0
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 2
<NAME>AMERICAN BENEFIT LIFE VARIABLE ANNUITY ACCOUNT GROWTH DIVISION
<MULTIPLIER> 1
<S> <C>
<PERIOD-TYPE> Year
<FISCAL-YEAR-END> DEC-31-1995
<PERIOD-END> DEC-31-1995
<INVESTMENTS-AT-COST> 788,438
<INVESTMENTS-AT-VALUE> 982,084
<RECEIVABLES> 92,360
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 1,074,444
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 0
<TOTAL-LIABILITIES> 0
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 1,074,444
<SHARES-COMMON-STOCK> 39,822
<SHARES-COMMON-PRIOR> 49,880
<ACCUMULATED-NII-CURRENT> 100,355
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 0
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 193,646
<NET-ASSETS> 1,074,444
<DIVIDEND-INCOME> 4,579
<INTEREST-INCOME> 0
<OTHER-INCOME> 91,507
<EXPENSES-NET> 18,041
<NET-INVESTMENT-INCOME> 78,045
<REALIZED-GAINS-CURRENT> 74,946
<APPREC-INCREASE-CURRENT> 146,529
<NET-CHANGE-FROM-OPS> 299,520
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 4,542
<NUMBER-OF-SHARES-REDEEMED> 14,600
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> 44,677
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 0
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 0
<AVERAGE-NET-ASSETS> 0
<PER-SHARE-NAV-BEGIN> 20.64
<PER-SHARE-NII> 0
<PER-SHARE-GAIN-APPREC> 0
<PER-SHARE-DIVIDEND> 0
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 26.98
<EXPENSE-RATIO> 0
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 3
<NAME>AMERICAN BENEFIT LIFE VARIABLE ANNUITY ACCOUNT GROWTH AND INCOME
DIVISION<F1>
<MULTIPLIER> 1
<S> <C>
<PERIOD-TYPE> Year
<FISCAL-YEAR-END> DEC-31-1995
<PERIOD-END> DEC-31-1995
<INVESTMENTS-AT-COST> 295,053
<INVESTMENTS-AT-VALUE> 354,939
<RECEIVABLES> 3,788
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 358,727
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 0
<TOTAL-LIABILITIES> 0
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 358,727
<SHARES-COMMON-STOCK> 30,639
<SHARES-COMMON-PRIOR> 56,761
<ACCUMULATED-NII-CURRENT> (7,475)
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 0
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 59,886
<NET-ASSETS> 358,727
<DIVIDEND-INCOME> 3,028
<INTEREST-INCOME> 0
<OTHER-INCOME> 760
<EXPENSES-NET> 18,693
<NET-INVESTMENT-INCOME> (14,905)
<REALIZED-GAINS-CURRENT> 34,665
<APPREC-INCREASE-CURRENT> 93,976
<NET-CHANGE-FROM-OPS> 113,736
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 2,094
<NUMBER-OF-SHARES-REDEEMED> 28,216
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> (157,552)
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 0
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 0
<AVERAGE-NET-ASSETS> 0
<PER-SHARE-NAV-BEGIN> 9.10
<PER-SHARE-NII> 0
<PER-SHARE-GAIN-APPREC> 0
<PER-SHARE-DIVIDEND> 0
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 11.71
<EXPENSE-RATIO> 0
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
<FN>
<FN1> Division was formerly named Dividend Growth Division
</FN>
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 4
<NAME>AMERICAN BENEFIT VARIABLE ANNUITY ACCOUNT GLOBAL GROWTH DIVISION
<MULTIPLIER> 1
<S> <C>
<PERIOD-TYPE> YEAR
<FISCAL-YEAR-END> DEC-31-1995
<PERIOD-END> DEC-31-1995
<INVESTMENTS-AT-COST> 495,619
<INVESTMENTS-AT-VALUE> 480,103
<RECEIVABLES> 0
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 480,103
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 0
<TOTAL-LIABILITIES> 0
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 480,103
<SHARES-COMMON-STOCK> 32,466
<SHARES-COMMON-PRIOR> 58,236
<ACCUMULATED-NII-CURRENT> 29,638
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 0
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> (15,516)
<NET-ASSETS> 480,103
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 0
<OTHER-INCOME> 0
<EXPENSES-NET> 15,761
<NET-INVESTMENT-INCOME> (14,905)
<REALIZED-GAINS-CURRENT> 34,665
<APPREC-INCREASE-CURRENT> 93,976
<NET-CHANGE-FROM-OPS> 113,736
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 9
<NUMBER-OF-SHARES-REDEEMED> 25,779
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> (424,235)
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 0
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 0
<AVERAGE-NET-ASSETS> 0
<PER-SHARE-NAV-BEGIN> 15.53
<PER-SHARE-NII> 0
<PER-SHARE-GAIN-APPREC> 0
<PER-SHARE-DIVIDEND> 0
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 14.79
<EXPENSE-RATIO> 0
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 5
<NAME>AMERICAN BENEFIT VARIABLE ANNUITY ACCOUNT GLOBAL INCOME DIVISION
<MULTIPLIER> 1
<S> <C>
<PERIOD-TYPE> YEAR
<FISCAL-YEAR-END> DEC-31-1995
<PERIOD-END> DEC-31-1995
<INVESTMENTS-AT-COST> 1,137,987
<INVESTMENTS-AT-VALUE> 1,142,534
<RECEIVABLES> 107,342
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 1,249,876
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 0
<TOTAL-LIABILITIES> 0
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 1,249,876
<SHARES-COMMON-STOCK> 76,114
<SHARES-COMMON-PRIOR> 186,265
<ACCUMULATED-NII-CURRENT> 224,204
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 0
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 4,547
<NET-ASSETS> 1,249,876
<DIVIDEND-INCOME> 129,094
<INTEREST-INCOME> 0
<OTHER-INCOME> 0
<EXPENSES-NET> 42,080
<NET-INVESTMENT-INCOME> 87,014
<REALIZED-GAINS-CURRENT> 93,673
<APPREC-INCREASE-CURRENT> 72,238
<NET-CHANGE-FROM-OPS> 252,925
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 8
<NUMBER-OF-SHARES-REDEEMED> 110,159
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> (1,480,522)
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 0
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 0
<AVERAGE-NET-ASSETS> 0
<PER-SHARE-NAV-BEGIN> 14.66
<PER-SHARE-NII> 0
<PER-SHARE-GAIN-APPREC> 0
<PER-SHARE-DIVIDEND> 0
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 16.42
<EXPENSE-RATIO> 0
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 6
<NAME>AMERICAN BENEFIT VARIABLE ANNUITY ACCOUNT STRATEGIC
FIXED INCOME DIVISION<F1>
<MULTIPLIER> 1
<S> <C>
<PERIOD-TYPE> YEAR
<FISCAL-YEAR-END> DEC-31-1995
<PERIOD-END> DEC-31-1995
<INVESTMENTS-AT-COST> 685,858
<INVESTMENTS-AT-VALUE> 626,984
<RECEIVABLES> 97,461
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 724,445
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 0
<TOTAL-LIABILITIES> 0
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 724,445
<SHARES-COMMON-STOCK> 44,575
<SHARES-COMMON-PRIOR> 57,146
<ACCUMULATED-NII-CURRENT> 194,686
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 0
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> (58,874)
<NET-ASSETS> 724,445
<DIVIDEND-INCOME> 52,169
<INTEREST-INCOME> 0
<OTHER-INCOME> 45,292
<EXPENSES-NET> 12,109
<NET-INVESTMENT-INCOME> 85,352
<REALIZED-GAINS-CURRENT> (1,466)
<APPREC-INCREASE-CURRENT> 39,426
<NET-CHANGE-FROM-OPS> 123,312
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 1,354
<NUMBER-OF-SHARES-REDEEMED> 13,925
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> (65,983)
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 0
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 0
<AVERAGE-NET-ASSETS> 0
<PER-SHARE-NAV-BEGIN> 13.29
<PER-SHARE-NII> 0
<PER-SHARE-GAIN-APPREC> 0
<PER-SHARE-DIVIDEND> 0
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 15.53
<EXPENSE-RATIO> 0
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
<FN>
<F1>Division was formerly named Government Division
</FN>
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 7
<NAME>AMERICAN BENEFIT VARIABLE ANNUITY ACCOUNT ASSET ALLOCATION DIVISION
<MULTIPLIER> 1
<S> <C>
<PERIOD-TYPE> YEAR
<FISCAL-YEAR-END> DEC-31-1995
<PERIOD-END> DEC-31-1995
<INVESTMENTS-AT-COST> 633,501
<INVESTMENTS-AT-VALUE> 615,748
<RECEIVABLES> 61,416
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 677,164
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 0
<TOTAL-LIABILITIES> 0
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 677,164
<SHARES-COMMON-STOCK> 39,662
<SHARES-COMMON-PRIOR> 37,847
<ACCUMULATED-NII-CURRENT> 178,838
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 0
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> (17,753)
<NET-ASSETS> 677,164
<DIVIDEND-INCOME> 20,068
<INTEREST-INCOME> 0
<OTHER-INCOME> 41,348
<EXPENSES-NET> 9,936
<NET-INVESTMENT-INCOME> 51,480
<REALIZED-GAINS-CURRENT> 8,686
<APPREC-INCREASE-CURRENT> 55,692
<NET-CHANGE-FROM-OPS> 115,858
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 14,032
<NUMBER-OF-SHARES-REDEEMED> 12,217
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> 145,954
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 0
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 0
<AVERAGE-NET-ASSETS> 0
<PER-SHARE-NAV-BEGIN> 14.04
<PER-SHARE-NII> 0
<PER-SHARE-GAIN-APPREC> 0
<PER-SHARE-DIVIDEND> 0
<PER-SHARE-DISTRIBUTIONS> 0
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<PER-SHARE-NAV-END> 17.07
<EXPENSE-RATIO> 0
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
