<PAGE>
FORM N-SAR
SEMI-ANNUAL REPORT
FOR REGISTERED INVESTMENT COMPANIES
Report for six month period ending:
or fiscal year ending: 12/31/98
Is this a transition report?: (Y/N) N
------
Is this an amendment to previous filing? (Y/N) 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: METROPOLITAN LIFE SEPARATE ACCOUNT UL
B. File Number: 811-6025
C. Telephone Number: (212) 578-8717
C/O METROPOLITAN LIFE INSURANCE COMPANY
2. A. Street: ONE MADISON AVE.
B. City: NEW YOUR C. State: NY D. Zip Code 10010 Zip Ext: 3690
E. Foreign Country:
3. Is this the first filing on this form by Registrant? (Y/N) N
----------
4. Is this the last filing on this form by Registrant? (Y/N) N
----------
5. Is Registrant a small business investment company (SBIC)? (Y/N) N
-------
[If answer is "Y" (Yes), complete only items 89 through 110.]
6. Is Registrant a unit investment trust (UIT)? (Y/N) Y
----------
[If answer is "Y" (Yes), complete only items 111 through 132.]
7. A. Is Registrant a series or multiple portfolio company? (Y/N)
[If answer is "N" (No), go to item 8.] ______
B. How many separate series or portfolio did Registrant
have at the end of the period ___________
SCREEN NUMBER: 01 PAGE NUMBER: 01 SEC2100(5/90)
<PAGE>
For period ending 12/31/98
-------- -------------------------
If filing more than one
File number 811 6025 Page 47, "X" box: [_]
---- -------------------------
UNIT INVESTMENT TRUSTS
111. A. [/] Depositor Name: METROPOLITAN LIFE INSURANCE COMPANY
---------------------------------------
B. [/] File Number (If any): __________________________
C. [/] City: NEW YORK State: NY Zip Code: 10010
------------------ ------ -----
Zip Ext.: 3690
-----
111. A. [/] Depositor Name: _______________________________________
B. [/] File Number (If any): ___________________
C. [/] City: __________________ State: ______ Zip Code: _____
Zip Ext.: _____
112. A. [/] Sponsor Name: METROPOLITAN LIFE INSURANCE COMPANY
-----------------------------------------
B. [/] File Number (If any): ___________________
C. [/] City: NEW YORK State: NY Zip Code: 10010
------------------ ------ -----
Zip Ext.: 3690
-----
112. A. [/] Sponsor Name: _________________________________________
B. [/] File Number (If any): __________________
C. [/] City: __________________ State: ______ Zip Code: _____
Zip Ext.: ________
SCREEN NUMBER: 55 PAGE NUMBER: 47 SEC2100 (5/90)
<PAGE>
For period ending 12/31/98
-------- ----------------------------------
If filing more than one
File number 811 6025 Page 48, "X" box: [_]
----
----------------------------------
113 A. [/] Trustee Name: ___________________________________________________
B. [/] City:_________________ State:_______________ Zip Code: _______
Zip Ext.: __________
[/] Foreign Country:______________________ Foreign Postal Code:______
113. A. [/] Trustee Name: ___________________________________________________
B. [/] City:_________________ State:_______________ Zip Code: _______
Zip Ext.: __________
[/] Foreign Country:______________________ Foreign Postal Code:______
114. A. [/] Principal Underwriter Name: METROPOLITAN LIFE INSURANCE
---------------------------
COMPANY
-----------------------------------------------------------------
B. [/] File Number: 8-14901
-------------------------
C. [/] City: NEW YORK State: NY Zip Code: 10010
----------------- ---------- -----
Zip Ext.: 3690
----------
[/] 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: DELOITTE & TOUCHE LLP
------------------------------
B. [/] City: NEW YORK State: NY Zip Code: 10281
----------------- ---------- -----
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:______
SCREEN NUMBER: 56 PAGE NUMBER: 48 SEC2100 (5/90)
<PAGE>
For period ending 12/31/98
-------- ------------------------------
If filing more than one
File number 811 6025 Page 49, "X" box" [_]
---- ------------------------------
116. Family of investment companies information:
A. [/] Is Registrant part of a family of investment
companies? (Y/N) 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
--------
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) N
--------
Y/N
C. [/] Scheduled premium variable life contracts? (Y/N) N
--------
Y/N
D. [/] Flexible premium variable life contracts? (Y/N) Y
--------
Y/N
E. [/] Other types of insurance products registered under N
--------
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 1
--------
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) $_______
121. [/] State the number of series for which a current prospectus
was in existence at the end of the period 1
--------
122. [/] State the number of existing series for which additional
units were registered under the Securities Act of 1933
during the current period 0
--------
SCREEN NUMBER: 57 PAGE NUMBER: 49 SEC2100(5/90)
<PAGE>
For period ending 12/31/98
-------- ------------------------------
If filing more than one
File number 811 6025 Page 50, "X" box: [_]
---- ------------------------------
123. [/] State the total value of the additional units
considered in answering item 122($000's omitted) $______________
124. [/] State the total 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) $8,240
---------------
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) $ 0
---------------
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
income distributions made by each such group of series during
the current period (excluding distributions of realized gains, if any):
<TABLE>
<CAPTION>
Number of Total Assets Total Income
Series ($000's Distributions
Investing omitted) 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 ________ $____________ $___________
J. All other equity securities 1 $ 1,004,543
-------- -------------
</TABLE>
<PAGE>
K. Other securities $____________ $_________
L. Total assets of all series of registrant 1 $1,004,543
- ----------
SCREEN NUMBER: 58 PAGE NUMBER: 50 SEC2100(5/90)
<PAGE>
For period ending 12/31/98
-------- -------------------------
If filing more than one
File number 811 6025 Page 51, "X" box: [_]
---- -------------------------
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) N
----------
Y/N
[If answer is "N" (No), go to item 131.]
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) ----------
Y/N
[If answer is "N" (No), go to item 131.]
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) ----------
Y/N
131. [/] Total expenses incurred by all series of Registrant
during the current reporting period ($000's omitted) $7,345
132. [/] List the "811" (Investment Company Act of 1940) registration number
for all Series of Registrant that are being included in this filing:
811-6025 811-_____ 811-_____ 811-_____ 811-__
811-_____ 811-_____ 811-_____ 811-_____ 811-__
811-_____ 811-_____ 811-_____ 811-_____ 811-__
811-_____ 811-_____ 811-_____ 811-_____ 811-__
811-_____ 811-_____ 811-_____ 811-_____ 811-__
811-_____ 811-_____ 811-_____ 811-_____ 811-__
811-_____ 811-_____ 811-_____ 811-_____ 811-__
811-_____ 811-_____ 811-_____ 811-_____ 811-__
SCREEN NUMBER: 59 PAGE NUMBER: 51 SEC2100(5/90)
<PAGE>
Signature Page
The following form of signature shall follow items 79, 85, 88, 104, 110 or 132
as appropriate.
This report is signed on behalf of the registrant (or depositor or trustee).
City of: New York State of: New York Date: February 26, 1999
Name of Registrant, Depositor, or Trustee: Metropolitan Life Separate
Account UL
/s/ Harold B. Leff /s/ Robin M. Wagner
- -------------------------------- ----------------------------
By (Name and Title): Witness (Name and Title)
Harold B. Leff Robin M. Wagner
Vice-President and Senior Actuary Assistant General Counsel
Metropolitan Life Metropolitan Life
Insurance Company Insurance Company
PAGE NUMBER: 52 SEC2100(5/90)
