SEPARATE ACCOUNT VA-5 OF TRANSAMERICA OCCIDENTAL LIFE INSURA
N-30D, 1999-03-08
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March 8, 1999


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

Re:      Transamerica Occidental Life Insurance Company and Transamerica
         Occidental Life Separate Account VA-5 (File No. 33-71746)

Dear Commissioner:

On behalf of  Transamerica  Occidental Life Insurance  Company and  Transamerica
Life Separate Account VA-5 ("separate  account"),  incorporated by reference are
the  semi-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:
American Century VP Capital  Appreciation,  Federated  American Leaders Fund II,
Federated Fund For U.S. Government Securities II, INVESCO VIF - High Yield Fund,
INVESCO VIF -  Industrial  Income Fund,  INVESCO VIF - Total Return Fund,  Janus
Aspen Growth  Portfolio,  Lexington  Emerging Markets Fund,  Schwab Money Market
Portfolio,  SteinRoe Special Venture Fund,  Variable Series and Strong Discovery
Fund II.


These semi-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.

Enclosure


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<CAPTION>


- ---------------------- -------------------------------- -------------- ------------ ------------------------- -----------
       Entity                       Fund                  File No.     Date Filed        Accession No.         CIK No.
- ---------------------- -------------------------------- -------------- ------------ ------------------------- -----------
- ---------------------- -------------------------------- -------------- ------------ ------------------------- -----------
<S>                   <C>                                <C>           <C>        <C>                         <C>
American Century  VP   Capital Appreciation               811-5188       2/23/99    0000814680-99-000002        814680
- ---------------------- -------------------------------- -------------- ------------ ------------------------- -----------
- ---------------------- -------------------------------- -------------- ------------ ------------------------- -----------
Federated Insurance    Federated American Leaders         811-8042       2/26/99    0000912577-99-000005        912577
Series                 Fund II/ Federated Fund for
                       U.S. Government Securities II
- ---------------------- -------------------------------- -------------- ------------ ------------------------- -----------
- ---------------------- -------------------------------- -------------- ------------ ------------------------- -----------
INVESCO VIF            High Yield/Industrial Income       811-08038      2/19/99    0000912744-99-000003        912744
                       /Total Return
- ---------------------- -------------------------------- -------------- ------------ ------------------------- -----------
- ---------------------- -------------------------------- -------------- ------------ ------------------------- -----------
Janus Aspen Series     Growth                             811-07736      2/26/99    0001012709-99-000114        906185
- ---------------------- -------------------------------- -------------- ------------ ------------------------- -----------
- ---------------------- -------------------------------- -------------- ------------ ------------------------- -----------
Lexington Emerging     Lexington Emerging Markets Fund    811-8250       3/1/99     0000201196-99-000039        916764
Markets Fund, Inc.
- ---------------------- -------------------------------- -------------- ------------ ------------------------- -----------
- ---------------------- -------------------------------- -------------- ------------ ------------------------- -----------
Schwab Annuity         Schwab Money Market                811-08314      2/26/99    0000935069-99-000029        918266
Portfolios
- ---------------------- -------------------------------- -------------- ------------ ------------------------- -----------
- ---------------------- -------------------------------- -------------- ------------ ------------------------- -----------
SteinRoe Variable      Stein Roe Special Venture          811-05199      2/26/99    0000891804-99-000362        815425
Investment Trust       Fund, Variable Series
- ---------------------- -------------------------------- -------------- ------------ ------------------------- -----------
- ---------------------- -------------------------------- -------------- ------------ ------------------------- -----------
Strong Discovery       Strong Discovery Fund II           811-6553       3/4/99     0000914231-99-000012        883644
Fund II, Inc.
- ---------------------- -------------------------------- -------------- ------------ ------------------------- -----------



</TABLE>


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