June 27, 1997
United States Securities and Exchange Commission
450 Fifth Street, NW
Washington, DC 20549
Re: Rule 24f-2 Notice for Banner Life Variable Annuity Account of
Banner Life Insurance Company
Registration No: 33-31308
Ladies and Gentlemen:
Pursuant to Rule 24f-2 under the Investment Company Act of 1940, as amended,
you are hereby notified that:
1.) the Banner Life Variable Annuity Account fiscal year for which
this Notice is filed is the calendar year ended December 31, 1996;
2.) the amount of Banner Life Variable Annuity Account securities
which had been registered under the Securities Act of 1933 other
than pursuant to Rule 24f-2 but which remained unsold at the
beginning of such fiscal year was: $-0-;
3.) the amount of Banner Life Variable Annuity Account securities
registered during such fiscal year other than pursuant to Rule
24f-2 was: $-0-;
4.) the amount of Banner Life Variable Annuity Account securities sold
during such fiscal year was: $145,543; and
5.) the amount of Banner Life Variable Annuity Account securities sold
during such fiscal year in reliance upon registration pursuant to
Rule 24f-2 was: $145,543.
Attached hereto is an opinion of counsel as required. The filing fee of
$50.19 has been electronically submitted for payment based upon aggregate
premiums of $145,543.
Sincerely,
/s/Mark A. Canter
Mark A. Canter
Vice President, Secretary
and General Counsel
cc: Frederick Bellamy, Esq.
June 27, 1997
United States Securities and Exchange Commission
450 Fifth Street, NW
Washington, DC 20549
Re: Rule 24f-2 Notice for Banner Life Variable Annuity Account of
Banner Life Insurance Company
Registration No: 33-31308
Ladies and Gentlemen:
It is my opinion that the securities issued in accordance with the captioned
filing and which this Notice makes definite in number were legally issued and
non-assessable. They were not fully paid, however, since the variable annuity
contracts issued in connection with the Banner Life Variable Annuity Account
contemplate the payment of additional premiums.
Very truly yours,
/s/Mark A. Canter
Mark A. Canter
Vice President, Secretary
and General Counsel
cc: Frederick R. Bellamy, Esq.
