<PAGE>
June 15, 1995
Securities and Exchange Commission
450 Fifth Street, N.W.
Washington, D.C. 20549
Re: Rule 24f-2 Notice
Security Life Separate Account L1
Registration No. 33-74190
File No. 811-8292
Ladies and Gentlemen:
1. The fiscal year for which this notice is being filed is the
calendar year ending December 31, 1994.
2. No securities of the same series which had been registered
under the Securities Act of 1933 other than pursuant to Rule 24f-2
remained unsold at the beginning of the fiscal year 1994.
3. No securities were registered during fiscal year 1994 other
than pursuant to Rule 24f-2.
4. Net premiums for securities sold during fiscal year 1994 were
$32,046.
5. Net premiums for securities sold during fiscal year 1994 in
reliance on Rule 24f-2 were $32,046.
Enclosed is an opinion of counsel indicating that the securities,
the registration of which this Notice makes definite in number,
were legally issued, fully-paid and non-assessable.
<PAGE>
In accordance with paragraph (c) of Rule 24f-2, the amount payable
to the Securities and Exchange Commission is $100, the minimum fee
due under Section 6(b) of the Securities Act of 1933.*<F1>
SECURITY LIFE SEPARATE ACCOUNT L1 SECURITY LIFE OF DENVER
INSURANCE COMPANY
By: SECURITY LIFE OF DENVER
INSURANCE COMPANY
By: /s/ Robert J. St. Jacques
Robert J. St. Jacques
By: /s/ Robert J. St. Jacques Acting President
Robert J. St. Jacques
Acting President
____________________
<F1> * The filing fee is calculated as follows: Net premiums of
$32,046 received during fiscal 1994, minus $0 in redemptions during
fiscal 1994. Net sales price for calculation of the fee was $32,046.
<PAGE>
June 15, 1995
Securities and Exchange Commission
450 Fifth Street, N.W.
Washington, D.C. 20549
Re: Rule 24f-2
Notice for Security Life Separate Account L1
Registration No. 33-74190
File No. 811-8292
Ladies and Gentlemen:
It is my opinion that the securities issued in accordance with the
above captioned filing, and which this Notice makes definite in
number, were legally and fully paid and are non-assessable.
Very truly yours,
/s/ Bonnie C. Dailey
Bonnie C. Dailey
