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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
1. Name and address of issuer:
Security Life Separate Account A1
1290 Broadway
Denver, Colorado 80203-5699
2. Name of each series or class of funds for which this
notice is filed:
Security Life Separate Account A1
(File No. 33-72564)
Security Life Separate Account A1
(File No. 33-78444)
3. Investment Company Act File Number:
811-8196
Securities Act File Number:
33-72564
33-78444
4. Last day of fiscal year for which this notice is filed:
December 31
5. Check box if this notice is being file more than 180 days
after the close of the issuer's fiscal year for purposes of
reporting securities sold after the closed of the fiscal
year but before determination of the issuer's 24f-2
declaration:
[ ]
6. Date of termination of issuer's declaration under Rule
24f-2(a)(1), if applicable:
Not Applicable
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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:
0
8. Number and amount of securities registered during the fiscal
year other than pursuant to Rule 24f-2:
0
9. Number and aggregate sale price of securities sold during
the fiscal year:
$45,593,592
10. Number and aggregate sale price of securities sold during
the fiscal year in reliance upon registration pursuant or
Rule 24f-2:
$45,593,592
11. Number and aggregate sale price of securities issued during
the fiscal year in connection with dividend reinvestment
plans, if applicable:
0
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):
$45,593,592
(ii) Aggregate price of shares issued in connection with
dividend reinvestment plans (from Item 11, if
applicable):
0
(iii) Aggregate price of shares redeemed or repurchased during
the fiscal year (if applicable):
$1,173,489
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(iv) Aggregate price of shares redeemed or repurchased and
previously applied as a reduction to filing fees pursuant
to Rule 24e-2 (if applicable):
$0
(v) Net aggregate price of securities sold and issued during
the fiscal year in reliance on Rule 24f-2 [line (i), plus
(ii), less line (iii), plus line (iv)] (if applicable):
$44,420,103
(vi) Multiplier prescribed by Section 6(b) of the Securities
Act of 1933 or other applicable law or regulation:
x .000303
(vii) Fee due [line (i) or line (v) multiplied by line (vi):
$13,459.29
13. Check box if fees are being remitted to the Commission's
lockbox depository as described in Section 3a of the
Commission's Rule of Informal and Other Procedures (17
CFR 202.3a):
[ x ]
Date of mailing or wire transfer of filing
fees to the Commission's lockbox depository:
February 27, 1997
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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: /s/: STEPHEN M. CHRISTOPHER
___________________________________________________________
Stephen M. Christopher, President of Security Life of Denver
Insurance Company, the Depositor of Security Life
Separate Account A1
Date: February 28, 1997
