MERRILL LYNCH LIFE VARIABLE ANNUNITY SEPARATE ACCOUNT
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

             Read instructions at end of Form before preparing Form.
                              Please print or type.


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1.   Name and address of issuer:   Merrill Lynch Life Variable Annuity Separate
                                        Account
                                   800 Scudders Mill Road
                                   Plainsboro, New Jersey  08536


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2.   Name of each series or class of funds for which this notice is filed:  NOT
     APPLICABLE


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3.   Investment Company Act File Number:     811-6321

     Securities Act File Number(s):     33-43052 and 33-43053

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4.   Last day of fiscal year for which this notice is filed:

               December 31, 1995

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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  [  ]:

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6.   Date of termination of issuer's declaration under rule 24f-2(a)(1), if applicable (see
     Instruction A.6):



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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



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



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9.   Number and aggregate sale price of securities sold during the fiscal year:  $2,148,026



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10.  Number and aggregate sale price of securities sold during the fiscal year in reliance
     upon registration pursuant to rule 24f-2:  $2,148,026



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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):
     NONE



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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):                             $        2,148,026
                                                                 -----------------
(ii)      Aggregate price of shares issued in
          connection with dividend reinvestment
          plans (from Item 11, if applicable):              +       $        0
                                                                 -----------------
(iii)     Aggregate price of shares redeemed or
          repurchased during the fiscal year (if
          applicable):                                      -      $27,590,690
                                                                 -----------------
(iv)      Aggregate price of shares redeemed or
          repurchased and previously applied as a
          reduction to filing fees pursuant to rule
          24e-2 (if applicable):                            +       $        0
                                                                 -----------------
(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):                   ($25,442,664)
                                                                 -----------------
(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 line (v) multiplied by
          line (vi)]:                                                 $100.00
                                                                 -----------------
                                                                 -----------------



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.


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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).  [X]

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

          February 26, 1996
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                                  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/Joseph E. Crowne, Chief Financial Officer
                                   ----------------------------------------------------------

         Joseph E. Crowne, Chief Financial Officer
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     Date     February 23, 1996
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*Please print the name and title of the signing officer below the signature.

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