SEPARATE ACCOUNT VA 2LNY OF FIRST TRANSAMERICA LIFE INS CO
24F-2NT, 1996-02-27
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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:

          First Transamerica Life Insurance Company
          575 N. Fifth Street
          New York, NY  10017-2460

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

          Separate Account VA-2LNY

3.)      Investment Company Act File Number:                    811-7368
         Securities Act File Number:                            33-55152

4.)      Last day of fiscal year for which this notice
         is filed:                                              12/31/95

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:                   N/A

7.)      Number and amount of  securities  of the 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:              N/A

8.)      Number and amount of securities registered
         during the fiscal year other than pursuant
         to rule 24f-2:                                           N/A

9.)      Number and aggregate sale price of securities
         sold during the fiscal year:                          $82,613,564.35


10.)     Number and aggregate sale price of securities
         sold during the fiscal year in reliance upon
         registration pursuant to rule 24f-2:                  $82,613,564.35

11.)     Number and aggregate sale price of securities
         issued during the fiscal year in connection
         with dividend reinvestment plans, if applicable:         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):                        82,613,564.35



<PAGE>



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

         (iii) Aggregate price of shares redeemed or
               repurchased during the fiscal year
               (if applicable):                            46,439,477.82

         (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):             36,174,086.53

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

         (vii)    Fee due [line (i) or line (v)
                  multiplied by line (vi)]:                   12,473.82

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:       2-26-96




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.



                                   FIRST TRANSAMERICA LIFE INSURANCE COMPANY

                                            By:  /s/James W. Dederer
                                                     JAMES W. DEDERER
                                                  EXECUTIVE VICE PRESIDENT, 
                                                  GENERAL COUNSEL AND 
                                                  CORPORATE SECRETARY

Date:  2-26-96

<PAGE>



February 26, 1996



Securities and Exchange Commission
450 Fifth Street, N.W.
Judiciary Plaza
Washington, D.C. 20549

Commissioners:

I refer to the Form 24f-2 dated February 26, 1996 with respect to
the Registration Statements on Form N-4 relating to variable
annuity policies funded by Separate Account VA-2LNY of First
Transamerica Life Insurance Company (the "Account").  The initial
Registration Statement registered an indefinite number of
securities of the Account pursuant to Rule 24f-2 under the
Investment Company Act of 1940, as amended.  The Form 24f-2 makes
definite the amount of securities of the Account which were so
registered under the Registration Statements.

I have examined and relied upon copies of the Registration
Statements and all amendments thereto, as well as the Form 24f-2,
and I have examined and relied upon originals, or copies
certified to my satisfaction, of such corporate records,
documents, certificates and other instruments as in my judgment
are necessary or appropriate to enable me to render the opinion
set forth below.

Based on the foregoing, I am of the opinion that the individual
variable annuity policies funded by the Account and the units of
interest thereunder, the registration of which the Form 24f-2
makes definite in amount, were duly authorized and legally
issued, and are fully-paid and nonassessable.

I hereby consent to the use of this opinion in connection with
the filing of the Form 24f-2.

Very truly yours,



Alan T. Cunningham
Vice President and
Deputy General Counsel

ATC:sv






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