FORM N-SAR
SEMI-ANNUAL REPORT
FOR REGISTERED INVESTMENT COMPANIES
Report for six month period ending: / / (a)
or fiscal year ending: / / (b) 12/31/99
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 box "[/]" after the term number should be
completed only if the 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" (Yes), complete only items 89 through 110.]
6. Is Registrant a unit investment trust (UIT)? (Y/N) Y
[If answer is "Y" (Yes), complete only items 111 through 132.]
7. A. Is Registrant a series or multiple portfolio company (Y/N) N
[If answer is "N" (No), go to item 8.]
B. How may separate series or portfolios did Registrant have at the
end of the period?
<PAGE>
For period ending 12/31/99
File Number 811-8292
UNIT INVESTMENT TRUSTS
111. A. [/] Depositor Name:
B. [/] File Number (if any):
C. [/] City: State: Zip Code: Zip Ext.:
[/] Foreign Country: Foreign Postal Code:
111. A. [/] Depositor Name:
B. [/] File Number (if any):
C. [/] City: State: Zip Code: Zip Ext.:
[/] Foreign Country: Foreign Postal Code:
112. A. [/] Sponsor Name:
B. [/] File Number (if any):
C. [/] City: Denver State: Zip Code: Zip Ext.:
[/] Foreign Country: Foreign Postal Code:
112. A. [/] Sponsor Name:
B. [/] File Number (if any):
C. [/] City: Denver State: Zip Code: Zip Ext.:
[/] Foreign Country: Foreign Postal Code:
113. A. [/] Trustee Name:
B. [/] City: State: Zip Code: Zip Ext.:
[/] Foreign Country: Foreign Postal Code:
113. A. [/] Trustee Name:
B. [/] City: State: Zip Code: Zip Ext.:
[/] Foreign Country: Foreign Postal Code:
114. A. [/] Principal Underwriter Name:
B. [/] File Number (if any): 8-:
C: [/] City: State: Zip Code: Zip Ext.:
[/] Foreign Country: Foreign Postal Code:
114. A. [/] Principal Underwriter Name:
B. [/] File Number (if any): 8-:
C: [/] City: State: Zip Code: Zip Ext.:
[/] Foreign Country: Foreign Postal Code:
115. A. [/] Independent Public Account Name:
B: [/] City: State: Zip Code: Zip Ext.:
[/] Foreign Country: Foreign Postal Code:
115. A. [/] Independent Public Account Name:
B: [/] City: State: Zip Code: Zip Ext.:
[/] Foreign Country: Foreign Postal Code:
<PAGE>
For period ending 12/31/99
File Number 811-8292
116. Family of investment companies information:
A. [/] Is Registrant part of a family of investment companies? (Y/N)
B. [/] Identify the family in 10 letters:
(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)
If answer is "Y" (Yes), are any of the following types of contracts funded
by the Registrant?:
B. [/] Variable annuity contracts ?(Y/N)
C. [/] Scheduled premium variable life contracts ?(Y/N)
D. [/] Flexible premium variable life contracts ?(Y/N)
E. [/] Other types of insurance policies registered under the
Securities Act of 1933? (Y/N)
118. [/] State the number of series existing at the end of the period that had
securities registered under the Securities Act of 1933
119. [/] State the number of new series for which registration statements under
the Securities Act of 1933 became effective during the period
120. [/] State the total value of the portfolio securities on the date of
deposit of the new series included in item 119 ($000's omitted)
121. [/] State the number of series for which a current prospectus was in
existence at the end of the period
122. [/] State the number of existing series for which additional units were
registered under the Securities Act of 1933 during the current period
<PAGE>
For period ending 12/31/99
File Number 811-8292
123. [/] State the total value of the additional units 0
considered in answering item 122 ($000's omitted)
124. [/] State the total value of units of prior series that 0
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 the units
of all series of Registrant ($000's omitted) $16,367
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):
<TABLE>
<S> <C> <C> <C>
Number Total Assets Total Income
of Series ($000's Distribution
Investing omitted) ($000's omitted)
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 dealers or $ $
parent of brokers or dealers
I. Investment company equity securities $ $
J. All other equity securities 3 $520,875 $0
K. Other securities $ $
L. Total Assets of all series of Registrant 3 $520,875 $0
</TABLE>
<PAGE>
For period ending 12/31/99
File Number 811-8292
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? (Y/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? [If answer
is "N" (No), go to item 131.]
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? (Y/N)
131. Total expenses incurred by all series of Registrant
during the current reporting period ($000's omitted) $23,558
132. [/] List the "811" (Investment Company Act of 1940)
registration number for all Series of Registrant that
are being included in this filing:
This Report is signed on behalf of the Registrant in the city of Denver, State
of Colorado.
Date: March, 14, 2000.
Security Life of Denver Insurance Company
By: /s/ Stephen M. Christopher Witness: /s/ Anna M. Kautzman
--------------------------- -------------------------------
Name: Stephen M. Christopher Name: Anna M. Kautzman
Title: President Title: Associate General Counsel
