SEPARATE ACCOUNT VA-5NLNY OF FIRST TRANSAMERICA LIFE INSURAN
N-30D, 2000-09-08
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September 8, 2000




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

Re:      Transamerica Life Insurance Company of New York and Transamerica
         Life Separate Account VA-5NLNY (File No. 33-71748)

Dear Commissioner:

On behalf of Transamerica  Life Insurance  Company of New York and  Transamerica
Life Separate Account VA-5NLNY ("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  Small  Company  Growth  Fund,  Variable  Series and Strong
Discovery Fund II.

These  semi-annual  reports are for the period ending June 30,  20000,  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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------------------------------- -------------------------------- ------------- ------------ -------------------------- -----------
            Entity                           Fund                  File No.    Date Filed         Accession No.         CIK No.
------------------------------- -------------------------------- ------------- ------------ -------------------------- -----------
------------------------------- -------------------------------- ------------- ------------ -------------------------- -----------
<S>                            <C>                               <C>      <C>  <C>    <C>        <C>               <C>
American Century  VP            Capital Appreciation               811-5188     8-31-2000   0000814680-00-000010         814680
------------------------------- -------------------------------- ------------- ------------ -------------------------- -----------
------------------------------- -------------------------------- ------------- ------------ -------------------------- -----------
Federated Insurance Series      Federated American Leaders         811-8042     8-21-2000   0000912577-00-000019         912577
                                Fund II/ Federated Fund for
                                U.S. Government Securities II
------------------------------- -------------------------------- ------------- ------------ -------------------------- -----------
------------------------------- -------------------------------- ------------- ------------ -------------------------- -----------
INVESCO VIF                     High Yield/Industrial Income      811-08038     8-28-2000   0000912744-00-000011         912744
                                /Total Return
------------------------------- -------------------------------- ------------- ------------ -------------------------- -----------
------------------------------- -------------------------------- ------------- ------------ -------------------------- -----------
Janus Aspen Series              Growth                            811-07736     8-23-2000   0001012709-00-000754         906185
------------------------------- -------------------------------- ------------- ------------ -------------------------- -----------
------------------------------- -------------------------------- ------------- ------------ -------------------------- -----------
Lexington Emerging Markets      Lexington Emerging Markets Fund    811-8250     8-31-2000   0000950130-00-004786         916764
Fund, Inc.
------------------------------- -------------------------------- ------------- ------------ -------------------------- -----------
------------------------------- -------------------------------- ------------- ------------ -------------------------- -----------
Schwab Annuity Portfolios       Schwab Money Market               811-08314     9-7-2000    0000912057-00-040347         918266
------------------------------- -------------------------------- ------------- ------------ -------------------------- -----------
------------------------------- -------------------------------- ------------- ------------ -------------------------- -----------
SteinRoe Variable Investment    Stein Roe Small Company Growth    811-05199     3-22-2000   0000950146-00-000289         815425
Trust                           Fund, Variable Series
------------------------------- -------------------------------- ------------- ------------ -------------------------- -----------
------------------------------- -------------------------------- ------------- ------------ -------------------------- -----------
Strong Discovery Fund II, Inc.  Strong Discovery Fund II           811-6553     9-8-2000    0000950131-00-005226         883644
------------------------------- -------------------------------- ------------- ------------ -------------------------- -----------




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