FORM N-SAR
ANNUAL REPORT
FOR REGISTERED INVESTMENT COMPANIES
Report for fiscal year ending: 12/31/97
Is this a transition report?(Y/N) N
Is this an amendment to a previous filing? (Y/N) N
"Those items or sub-items with a "" "" after
the item number should be completed only if the "
answer has changed from the previous filing on this form.
1. A. Registrant Name: Diversified Investors Variable Funds
B. File Number: 811-8264
C. Telephone Number: 914-697-3848
2. A. Street: 4 Manhattanville Road
B. City: Purchase
C. State: NY
D. Zip Code:10557 Zip Ext.:
E. Foreign Country: Foreign Postal Code:
3. Is this the first filing on this form
by Registrant? (Y/N) N
4. Is this the last filing on this form by Registrant? (Y/N) N
5. Is Registrant a small business investment company (SBIC)? (Y/N) N
" (If answer is ""Y"" (Yes), complete only items 89 through 110.)
6. Is Registrant a unit investment trust (UIT)? (Y/N) Y
(If answer if ""Y"" (Yes) complete only items 111 through 132.)
7. A. Is Registrant a series or multiple portfolio company? (Y/N) Y
(If answer is ""N"" (No), go to item 8.)"
B. How many separate series or portfolios did
Registrant have at the end of the period? 14
If filing more than one
Page 47, ""X"" box:
For period ending: 12/31/97
File Number 811- 8264
UNIT INVESTMENT TRUST
111. A. Depositor Name: Ausa Life Insurance Company, Inc.
B. File Number (If any):
C. City: Purchase State: NY
Zip Code: 10577 Zip Ext.:
Foreign Country: Foreign Postal Code:
112. A. Sponsor Name: N/A
B. File Number (If any):
C. City: State: Zip Code: Zip Ext.:
Foreign Country: Foreign Postal Code:
For period ending: 12/31/97
File Number 811-8264
114. A. Principal Underwriter Name:
Diversified Investors Securities Corp.
B. File Number: 8-45671
C: City: Purchase State: NY Zip Code: 10577
Foreign Country: Foreign Postal Code:
115. A: Independant Public Accountant Name:
Coopers & Lybrand L.L.P.
B: City: New York State: NY Zip Code 10019
Foreign Country: Foreign Postal Code:
116. Family of investment companies information:
A. Is Registrant part of a family of
investment companies? (Y/N) N
B. B. Identify the family in 10 letters:
(NOTE: In filing this form, use this identification
consistently for all investment " companies in the family.
This designation is for purposes of this form only.)
117. A. Is Registrant a separate account of an
insurance company?(Y/N) Y
"If answer is ""Y"" (Yes), are any of the following types of
contracts funded by the Registrant?:
B. Variable annuity contracts? (Y/N) Y Y/N
C. Schedule premium variable life contracts? (Y/N) N
D. Flexible premium variable life contracts? (Y/N) N
E. Other types of insurance products registered under
the Securities Act of 1933?(Y/N) N
118. State the number of series existing at the end of the period
that had securities registered under the
Securities Act of 1933 14
119. State the number of new series for which registration
statements under the Securities Act of 1933 became
effective during the period. 0
120. State the total value of the portfolio securities on the
date of deposit for the new series included in item 119
($000's omitted) 0
121. State the number of series for which a current prospectus
was in existence at the end of the period 14
122. State the number of existing series for which additional
units were registered under the Securities Act
of 1933 during the current period 0
If filing more than one
"Page 50, ""X"" box:"
For period ending: 12/31/97
File Number 811-8264
123. State the total value of the additional units considered
in answering item 122 ($000's omitted) $
124. State the total value of units of prior series that were placed
in the portfolios of subsequent series during the current period
(The value of these units is to be measured on the date they
were placed in the subsequent series) ($000's omitted) $
125. State the total dollar amount of sales loads collected
(before reallowances to other brokers or dealers) by Registrant's
principal underwriter and any underwriter which is an affiliated
person of the principal underwriter during the current period
solely from the sale of units of all series of Registrant
($000's omitted) $0
126. "Of the amount shown in item 125, state the total dollar
amount of sales loads collected from" "secondary market
operations in Registrant's units (include the sales
loads, if any, collected" on units of a prior series
placed in the portfolio of a subsequent series.)
($000's omitted) $0
127. List opposite the appropriate description below the
number of series whose portfolios are "invested primarily
(based upon a percentage of NAV) in each type of security
shown, the " aggregate total assets at market value as of
a date at or near the end of the current period of each
such group of series and the total income distributions
made by each such group "of series during the current
period (excluding distributions of realized gains, if any):"
Number of Total Assets Total Income
Series ($000's Distributions
Investing omitted) ($000's omitted)
A. U. S. Treasury direct issue $ $
B. U. S. Government agency $ $
C. State and municipal tax-free $ $
D. Public utility debt $ $
E. Brokers or dealers debt or debt of $ $
brokers' or dealers' parent
F. All other corporate intermediate & long
term debt $ $
G. All other corporate short-term debt $ $
H. Equity securities of brokers or dealers $ $
or parents of brokers or dealers
I. Investment company equity securities 14 $947,351 $0
J. All other equity securities $ $
K. Other securities $ $
L. Total assets of all series of
registrant $0 $0
If filing more than one
"Page 51, ""X"" box:"
For period ending: 12/31/97
File Number 811-8264
128 Is the timely payment of principal and interest on any of the
portfolio securities held by any of the Registrant's series
at the end of the current period insured or guaranteed by an
entity other than the issuer? (Y/N) N
"(If answer is ""N"" (No), go to item 131.)" Y/N
129 Is the issuer of any instrument covered in item 128 delinquent or
in default as to paymentof principal or interest at the end of
the current period? (Y/N) N
"(If answer is ""N"" (No), go to item 131)"
130 "In computations of NAV or offering price per unit, is any of the
value attributed to " instruments identified in item 129 derived
from insurance or guarantees? (Y/N) N
131 Total expenses incurred by all series of Registrant during the
current reporting period ($000's omitted) $6,908
132 "List the ""811"" (investment Company Act of 1940) registration
number for all Series of " Registrant that are being included in
this filing:
811- 811- 811- 811-
811- 811- 811- 811-
811- 811- 811- 811-
811- 811- 811- 811-
811- 811- 811- 811-
811- 811- 811- 811-
811- 811- 811- 811-
811- 811- 811- 811-
811- 811- 811- 811-
