SEPARATE ACCOUNT B OF GOLDEN AMERICAN LIFE INSURANCE CO
24F-2NT, 1996-02-28
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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


          1.   Name and address of issuer:  
                         The Fund For Life Division of Separate  Account B
                         of Golden American Life Insurance Company
                         1001 Jefferson Street, 4th Floor
                         Wilmington, DE  19801


          2.   Name of each series or class of funds for which  this notice
               is filed:
                         N/A


          3.   Investment Company Act File Number:  811-5626

               Securities Act File Number:  33-34827


          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):
                         N/A


          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


          8.   Number and amount of securities registered during the fiscal
               year other than pursuant to rule 24f-2:
                         None

          9.   Number  and aggregate sale  price of securities  sold during
               the fiscal year:
                         Number:        640
                         Sale Price:    $7,380


          10.  Number  and aggregate sale  price of securities  sold during
               the  fiscal year in  reliance upon registration  pursuant to
               rule 24f-2:
                         Number:        640
                         Sale Price:    $7,380


          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):
                         N/A


          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):                $7,380   

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

               (iii)   Aggregate price of shares redeemed
                       or repurchased during the fiscal 
                       year (if applicable):                     - 7,380   


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

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

               (vii)   Fee due [line (i) or in (v) multiplied
                       by line (vi)]:                                 $0   
          <PAGE>
          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).
                                                            [ ]

               Date  of mailing  or wire  transfer  of filing  fees to  the
               Commission's lockbox depository:



                                      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.

               By (Signature and Title)* /s/ Mitchell M. Cox               

                                             Mitchell M. Cox               
                                             Vice President and Assistant
                                               Secretary of Golden American
                                               Life Insurance Company

               Date  February 26, 1996  



          *Please print the name and title of the signing officer below the
          signature.
          <PAGE>
                        Golden American Life Insurance Company
                        A Subsidiary of Bankers Trust Company
                           1001 Jefferson Street, Suite 400
                                Wilmington, DE  19801
                                  Tel:  302-576-3400
                                  Fax:  302-576-3410



          February 22, 1996

          Golden American Life Insurance Company
          1001 Jefferson Street, 4th Floor
          Wilmington, DE 19801

                    Re:  The Fund For  Life Division of Separate  Account B
                         of Golden American Life Insurance Company
                         File No. 33-34827                               

          Sir or Madam:

                    I  have  examined the  form  of  Registration Statement
          (File  No.  33-34827)  filed by  Golden  American  Life Insurance
          Company ("Golden  American")  with the  Securities  and  Exchange
          Commission (the "Commission") on Form  N-4 in connection with the
          registration under the Securities Act  of 1933, as amended, of an
          indefinite  number of  units of  interest  in The  Fund For  Life
          Division of Separate Account B.  I have also examined the form of
          Notice  pursuant  to  Investment  Company  Act  Rule  24f-2  (the
          "Notice") proposed  to be filed  with the Commission on  the date
          hereof.

                    Based  upon my  examination and  upon  my knowledge  of
          corporate   activities,   and   assuming,   without   independent
          verification, that  the interests  were sold  in compliance  with
          applicable  state laws  and  in  the manner  referred  to in  the
          Registration  Statement, it is my opinion that the interests were
          legally  issued  and  represent  binding  obligations  of  Golden
          American.

                    I consent to  the filing of this opinion  as an exhibit
          to the Notice.

                                                  Sincerely,


                                                  /s/ Mitchell M. Cox
                                                  Mitchell M. Cox
                                                  Associate General Counsel


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