FARM BUREAU LIFE ANNUITY ACCOUNT
24F-2NT, 1996-02-26
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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.
                                                                  

1.   Name and address of issuer:  Farm Bureau Life Annuity
Account, 5400 University Avenue, West Des Moines, IA  50266
                                                                 

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

                                                                 

3.   Investment Company Act File Number:

     Securities Act File Number:  1933

                                                                 

4.   Last day of fiscal year for which this notice is filed: 
December 31, 1995

                                                                 

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 (see Instruction A.6):

                                                                  
                                                           
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:

                                                                  

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

                                                                 

9.   Number and aggregate sale price of securities sold during
the fiscal year:  725,833.715862 units, $7,769,216
                                                                 

10.  Number and aggregate sale price of securities sold during
the fiscal year in reliance upon registration pursuant to rule
24f-2:  725,833.715862 units, $7,769,216

                                                                 

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):  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):                                    $  7,769,216   


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

     (iii)Aggregate price of shares redeemed or repurchased
          during the fiscal year (if applicable): -   3,968,620  

     (iv) Aggregate price of shares redeemed or repurchased
          and previously applied as a reduction to filing fees
          pursuant to rule 24e-2 (if applicable): $        N/A   

     (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):             3,800,596  

     (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)]:
                                                      $1,311     

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.

                                                                 

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 write transfer of filing fees to the
Commission's lockbox depository:  February 13, 1996
                                                                

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/ Stephen M. Morain                
 
                                                      
Stephen M. Morain, Senior Vice President 

Date  February 23, 1996

*Please print the name and title of the signing officer below the
signature.
                                                                  


Farm Bureau Life Insurance Company
5400 University Avenue
West Des Moines, IA  50266



February 22, 1996

VIA EDGAR

Securities and Exchange Commission
450 Fifth Street, NW
Washington, DC  20549

Re:  Rule 24f-2 Filing
     Farm Bureau Life Annuity Account
     Reg. File No. 33-67538

Commissioners:

On behalf of Farm Bureau Life Insurance Company and Farm Bureau
Life Annuity Account (the "Account"), we are transmitting for
filing pursuant to Rule 24f-2 under the Investment Company Act of
1940, an electronic format copy of the Account's notice.

If you have any questions about this filing, please contact the
undersigned at (515) 226-6028.

Sincerely,

/s/ Kristi Rojohn

Kristi Rojohn


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