FORM N-SAR-U
ANNUAL REPORT
FOR UNIT INVESTMENT TRUSTS
Report for six month period ending: / / (a)
or fiscal year ending: 12/31/97 (b)
Is this a transition report?:(Y/N) N
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Is this an amendment to a previous filing? (Y/N) N
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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.
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1. A. Registrant Name: First Investors Life Variable Annuity Fund C
B. File Number: 811-6130
C. Telephone Number:
(212) 858-8200
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2. A. Street: 95 Wall Street
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B. City: New York C. State: New York D. Zip Code: 10005 Zip Ext:
E. Foreign Country: Foreign Postal Code:
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3. Is this the first filing on this form by Registrant? (Y/N) N
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4. Is this the last filing on this form by Registrant? (Y/N) N
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5. Is Registrant a small business investment company (SBIC)? (Y/N)
[If answer is "Y" (Yes), complete only items 89 through 110.] N
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6. Is Registrant a unit investment trust (UIT)?
(Y/N) Y [If answer is "Y" (Yes), complete only Y
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 portfolios did Registrant have at the
end of the period? ---------------
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If filing more than one
For period ending 12/31/97 Page 50, "X" box: [_]
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File number 811- 6130
123. [/] State the total value of the additional units considered in answering item
- 122 ($000's omitted) $ 93,242
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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) $
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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) $ 4,686
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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) $
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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):
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Number of Total Assets Total Income
Series ($000's Distributions
INVESTING OMITTED (000'S OMITTED)
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A. U.S. Treasury direct issue $ $
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B. U.S. Government agency $ $
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C. State and municipal tax-free $ $
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D. Public utility debt $ $
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E. Brokers or dealers debt or debt of brokers' or
dealers' parent $ $
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F. All other corporate intermed. & long-term
debt $ $
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G. All other corporate short-term debt $ $
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H. Equity securities of brokers or dealers or parents of
brokers or dealers $ $
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I. Investment company equity securities 1 $ 416,529 $ 20,196
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J. All other equity securities $ $
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K. Other securities $ $
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L. Total assets of all series of registrants $ 416,529 $
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If filing more than one
For period ending 12/31/97 Page 50, "X" box: [ ]
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File number 811- 6130
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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) 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) ------------
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 [If answer is "N" (No), go to item
131.] ------------
Y/N
131. Total expenses incurred by all series of Registrant
during the current reporting period ($000's
omitted) $ 1,313
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132. [/] List the "811" (Investment Company Act
of 1940) registration number for all Series
of Registrant that are being included in
this filing
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811- 811- 811- 811- 811-
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811- 811- 811- 811- 811-
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811- 811- 811- 811- 811-
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This report is signed on behalf of the depositor in the City and State
of New York on the 24th day of February, 1998.
FIRST INVESTORS LIFE INSURANCE COMPANY
Depositor
Witness /S/Ada M. Suchow By /S/Richard H. Gaebler
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Ada M. Suchow Richard H. Gaebler
Vice President and President
Assistant Secretary