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:
variable annuity contracts
3. Investment Company Act File Number: 811-07974
Securities Act File Number: 33-67538
4. Last day of fiscal year for which this notice is filed:
December 31, 1996
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: None
8. Number and amount of securities registered during the fiscal
year other than pursuant to rule 24f-2: None
9. Number and aggregate sale price of securities sold during the
fiscal year:
1,902,505.632636 units, $23,154,725
10. Number and aggregate sale price of securities sold during the
fiscal year in reliance upon registration pursuant
to rule 24f-2:
1,902,505.632636 units, $23,154,725
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):
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):
$ 23,154,725
(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):
- 8,881,683
(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):
$ 14,273,042
(vi) Multiplier prescribed by Section 6(b) of the Securities
Act of 1933 or other applicable law or regulation (see
Instruction C.6):
X 1/3300
(vii)Fee due [line (i) or line (v) multiplied by line (vi)]:
$ 4,325
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 18, 1997
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.
/s/ Dennis M. Marker
By (Signature and Title)*
Dennis M. Marker, Investment Administration Vice President
Date February 21, 1997
*Please print the name and title of the signing officer below the
signature.
February 25, 1997
Farm Bureau Life Insurance Company
5400 University Avenue
West Des Moines, IA 50266
Re: Rule 24f-2 Notice for Farm Bureau Life Annuity Account
Registration No. 33-67538
Gentlemen:
I have acted as counsel to Farm Bureau Life Insurance Company
(the "Company") and Farm Bureau Life Annuity Account (the
"Account"), in connection with the registration of an indefinite
amount of securities in the form of certain deferred variable
annuity contracts (the "Contracts") on Form N-4 (File No. 33-
67538) under the Securities Act of 1933, as amended, and the
notice pursuant to Rule 24f-2 under the Investment Company Act of
1940, as amended, by which the registration under the Securities
Act of 1933 of $23,154,725 in such securities (the "Securities")
sold during 1996 was made definite.
I have examined such documents and such law as I considered
necessary and appropriate, and on the basis of such examination,
it is my opinion that:
1. The Company is a corporation duly organized and validly
existing as a stock life insurance company under the laws of the
State of Iowa and is duly authorized by the Insurance Division of
the Department of Commerce of the State of Iowa to issue the
Contracts.
2. The Account is a duly authorized and existing separate
account established pursuant to the provisions of Section 508A.1
of the Iowa Code (1995).
3. Unless provided to the contrary under the contracts,
that portion of the assets of the Account equal to the reserves
and other contract liabilities with respect to the Account will
not be chargeable with liabilities arising out of any other
business that the Company may conduct.
4. The Securities have been legally issued and the
Contracts under which they have been issued, constitute legal,
validly issued and binding obligations of the Company.
I hereby consent to the filing of this opinion as an exhibit to
the Account's notice pursuant to Rule 24f-2.
Very truly yours,
/s/ Stephen M. Morain
Stephen M. Morain
Senior Vice President & General Counsel
