SEPARATE ACCOUNT VA 2LNY OF FIRST TRANSAMERICA LIFE INS CO
N-30D/A, 1999-03-10
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March 10, 1999



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

    Re: Transamerica Life Insurance Company of New York and Transamerica Life
       Insurance of New York Separate Account VA-2LNY (File No. 33-55152)

Dear Commissioner:

On behalf of Transamerica  Life Insurance  Company of New York and  Transamerica
Life  Insurance  of New York  Separate  Account  VA-2LNY  ("separate  account"),
incorporated by reference are the annual reports for the underlying funds of the
separate  account  for  filing  with the  Securities  and  Exchange  Commission,
pursuant to Rule 30b2-1 under the  Investment  Company Act of 1940 ("Act").  The
funds are as follows:  the  Dreyfus  Stock  Index  Fund,  the  Dreyfus  Socially
Responsible Growth Fund, Money Market,  Special Value, Zero Coupon 2000, Quality
Bond, Small Cap, Capital Appreciation,  Growth and Income, International Equity,
International  Value,  Disciplined Stock, Small Company Stock, Limited Term High
Income, Balanced, MidCap Stock, Core Value and Transamerica VIF Growth.

These annual reports are for the period ending  December 31, 1998, and have been
transmitted to contract holders in accordance with Rule 30d-2 under the Act.

If you have any questions regarding this filing,  please contact the undersigned
at (213) 742-3126.

Very truly yours,


Susan Vivino
Paralegal

cc: R. Fink, Esq.




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- --------------------- ------------------------------- ------------- ------------- --------------------------- -----------
       Entity                      Fund                 File No.     Date Filed         Accession No.          CIK No.
- --------------------- ------------------------------- ------------- ------------- --------------------------- -----------
- --------------------- ------------------------------- ------------- ------------- --------------------------- -----------
<S>                                                    <C> <C>        <C>  <C>    <C>        <C>                <C>   
The Dreyfus Corp.     Socially Responsible Growth      811-07044      2-23-99     0000890064-99-000002          890064
- --------------------- ------------------------------- ------------- ------------- --------------------------- -----------
- --------------------- ------------------------------- ------------- ------------- --------------------------- -----------
                      Stock Index                      811-05715       3-1-99     0000846800-99-000002          846800
- --------------------- ------------------------------- ------------- ------------- --------------------------- -----------
- --------------------- ------------------------------- ------------- ------------- --------------------------- -----------
                      Capital Appreciation             811-05125      2-23-99     0000813383-99-000003          813383
- --------------------- ------------------------------- ------------- ------------- --------------------------- -----------
- --------------------- ------------------------------- ------------- ------------- --------------------------- -----------
                      Small Cap                        811-05125      2-23-99     0000813383-99-000008          813383
- --------------------- ------------------------------- ------------- ------------- --------------------------- -----------
- --------------------- ------------------------------- ------------- ------------- --------------------------- -----------
                      Small Company Stock              811-05125      2-23-99     0000813383-99-000010          813383
- --------------------- ------------------------------- ------------- ------------- --------------------------- -----------
- --------------------- ------------------------------- ------------- ------------- --------------------------- -----------
                      Quality Bond                     811-05125      2-23-99     0000813383-99-000007          813383
- --------------------- ------------------------------- ------------- ------------- --------------------------- -----------
- --------------------- ------------------------------- ------------- ------------- --------------------------- -----------
                      Zero Coupon                      811-05125      2-23-99     0000813383-99-000006          813383
- --------------------- ------------------------------- ------------- ------------- --------------------------- -----------
- --------------------- ------------------------------- ------------- ------------- --------------------------- -----------
                      Special Value                    811-05125      2-23-99     0000813383-99-000005          813383
- --------------------- ------------------------------- ------------- ------------- --------------------------- -----------
- --------------------- ------------------------------- ------------- ------------- --------------------------- -----------
                      International Equity             811-05125      2-23-99     0000813383-99-000002          813383
- --------------------- ------------------------------- ------------- ------------- --------------------------- -----------
- --------------------- ------------------------------- ------------- ------------- --------------------------- -----------
                      Growth and Income                811-05125      2-23-99     0000813383-99-000001          813383
- --------------------- ------------------------------- ------------- ------------- --------------------------- -----------
- --------------------- ------------------------------- ------------- ------------- --------------------------- -----------
                      International Value              811-05125      2-23-99     0000813383-99-000011          813383
- --------------------- ------------------------------- ------------- ------------- --------------------------- -----------
- --------------------- ------------------------------- ------------- ------------- --------------------------- -----------
                      Disciplined Stock                811-05125      2-23-99     0000813383-99-000009          813383
- --------------------- ------------------------------- ------------- ------------- --------------------------- -----------
- --------------------- ------------------------------- ------------- ------------- --------------------------- -----------
                      Money Market                     811-05125      2-23-99     0000813383-99-000004          813383
- --------------------- ------------------------------- ------------- ------------- --------------------------- -----------
- --------------------- ------------------------------- ------------- ------------- --------------------------- -----------
                      Limited Term High Income         811-05125      2-23-99     0000813383-99-000013          813383
- --------------------- ------------------------------- ------------- ------------- --------------------------- -----------
- --------------------- ------------------------------- ------------- ------------- --------------------------- -----------
                      Balanced                         811-05125      2-23-99     0000813383-99-000012          813383
- --------------------- ------------------------------- ------------- ------------- --------------------------- -----------
- --------------------- ------------------------------- ------------- ------------- --------------------------- -----------
                      MidCap Stock                     811-08673      2-24-99     0001056707-99-000001         1056707
- --------------------- ------------------------------- ------------- ------------- --------------------------- -----------
- --------------------- ------------------------------- ------------- ------------- --------------------------- -----------
                      Core Value                       811-08673      2-24-99     0001056707-99-000001         1056707
- --------------------- ------------------------------- ------------- ------------- --------------------------- -----------
- --------------------- ------------------------------- ------------- ------------- --------------------------- -----------
Transamerica VIF      Growth                           811-09126      3-10-99     0001002786-99-000008         1002786
- --------------------- ------------------------------- ------------- ------------- --------------------------- -----------





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