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FORM N-SAR
SEMI-ANNUAL REPORT
FOR REGISTERED INVESTMENT COMPANIES
Report for six month period ending: / / (a)
or fiscal year ending: (b) 12/31/96
Report for the transition period ending: / / (c)
[If transition report also complete (a)
or (b) above]
Is this an amendment to a previous filing (Y/N): N
Those items or sub-items with a box "[/]" after the term number should be
completed only if the answer has changed from the previous filing on this
form.
__________________________________________________________________________
1. A. Registrant Name: SECURITY LIFE SEPARATE ACCOUNT L1
B. File Number: 811-8292
C. Telephone Number: (303) 860-1290
2. A. Street: 1290 Broadway
B. City: Denver
C. State: CO
D. Zip Code: 80203 Zip Ext: 5699
E. Foreign Country: 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", complete only items 89 through 110.]
6. Is Registrant a unit investment trust (UIT)? (Y/N) Y
[If answer is "Y", complete only items 111 through 132.]
7. A. Is Registrant a series or multiple portfolio company (Y/N)
[If answer is "N", go to item 8.]
B. How may separate series or portfolios did Registrant have
at the end of the period?
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UNIT INVESTMENT TRUSTS
111. A. [/] Depositor Name: SECURITY LIFE OF DENVER INSURANCE
COMPANY
B. [/] File Number (If any): 33-74190; 33-88148
C. [/] City: Denver State: CO Zip Code: 80203
Zip Ext: 5699:
112. A. [/] Sponsor Name: SECURITY LIFE OF DENVER INSURANCE
COMPANY
B. [/] File Number (If any): 33-74190; 33-88148
C. [/] City: Denver State: CO Zip Code: 80203
Zip Ext.: 5699
113. A. [/] Trustee Name:
B. [/] City: State: Zip Code: Zip Ext.:
114. A. [/] Principal Underwriter: ING AMERICA EQUITIES, INC.
B. [/] File Number: 8-47089
C. [/] City: Denver State: CO Zip Code: 80203
Zip Ext.: 5699
115. A. [/] Independent Public Account Name: ERNST & YOUNG, LLP
B. [/] City: Denver State: CO Zip Code: 80202
Zip Ext.: 9971
116. Family of investment companies information:
A. [/] Is Registrant part of a family of investment
companies? (Y/N) Y
B. [/] Identify the family in 10 letters: SECLIFEDEN
(NOTE: In filing this form, use this identification consistently for all
investment companies in 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", are any of the following types of
contracts funded by the Registrant:
B. [/] Variable annuity contracts (Y/N) N
C. [/] Scheduled premium variable life contracts (Y/N) N
D. [/] Flexible premium variable life contracts (Y/N) Y
E. [/] Other types of insurance policies 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. 2
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 of the new series included in item 119
($000 omitted) 0
121. [/] State the number of series for which a current prospectus was
in existence at the end of the period 0
122. [/] State the number of existing series for which additional
units were registered under the Securities Act of 1933
during the current period. 0
123. [/] State the total value of the additional units considered in
answering item 122 ($000 omitted) 0
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 omitted) 0
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 the units of all
series of Registrant ($000's omitted). $3,888
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 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 a 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):
A. U.S. Treasury direct issues $ $
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 dealer
or parent of brokers or dealers $ $
I. Investment company equity securities $ $
J. All other equity securities 2 $57,138 $0
K Other securities $ $
L. Total Assets of all series of Registrant $57,138
128. [/] Is the timely payment of principal and interest on any of the
portfolio securities held by any of Registrant's series at the
end of the current prior insurance or guaranteed by an entity
other than the issuer? N
[If answer is "N" (No), go to item 131.]
129. [/] Is the issuer of any instrument covered in item 128
delinquent or in default as to payment of principal or
interest at the end of the current period?
130. [/] In computations of NAV or offering price per unit, is any
par of the value attributed to instruments identified in
item 129 derived from insurance or guarantees?
131. Total expense incurred by all series of Registrant during the
current reporting period ($000's omitted). $3,093
132. [/] List the "811" (Investment Company Act of 1940) registration
number for all Series of Registrant that are being included
in this filing. 811-8292
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This Report is signed on behalf of the Registrant in the City of Denver
and State of Colorado on the 28th day of February, 1997.
First ING Life of New York Separate Account A1
(Registrant)
By: First ING Life Insurance Company of New York
(Depositor)
By: ___________________________________
Stephen M. Christopher, President
