FORM N-SAR
SEMI-ANNUAL REPORT
FOR REGISTERED INVESTMENT COMPANIES
Report for six month period ending:
or fiscal year ending: 12/31/98
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 item number should be
completed only if the answer has changed from the previous filing on this
form.
1. A. Registrant Name: FKLA Variable Separate Account
B. File Number: 811- 08592
C. Telephone Number: 847-550-5500
2. A. Street: 1 Kemper Drive
B. City: Long Grove C. State: IL D. Zip Code: 60049 Zip Ext:0001
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 is "Y" (Yes) complete only items 111 through 132.]
7. A. Is Registrant a series or multiple portfolio company? (Y/N)
[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?
01
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If filing more than one
Page 48, "X" box: [ ]
For period ending 12/31/98
File number 811- 08592
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: 8-
C. [/ ] City: State: Zip Code: Zip Ext.:
[/ ] Foreign Country: Foreign Postal Code:
114. A. [/ ] Principal Underwriter Name:
B. [/ ] File Number: 8-
[/ ] City: State: Zip Code: Zip Ext.:
[/ ] Foreign Country: Foreign Postal Code:
115. A. [/ ] Independent Public Accountant Name: PricewaterhouseCoopers LLP
B. [/ ] City: Chicago State: IL Zip Code: 60601 Zip Ext.:
[/ ] Foreign Country: Foreign Postal Code:
l15. A. [/ ] Independent Public Accountant Name:
B. [/ ] City: State: Zip Code: Zip Ext.:
[/ ] Foreign Country: Foreign Postal Code:
48
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If filing more than one
Page 49, "X" box: [ ]
For period ending 12/31/98
File number 811- 08592
116. Family of investment companies information:
A. [/ ] Is Registrant part of a family of investment companies? (Y/N) Y
Y/N
B. [/ ] Identify the family in 10 letters: ZURICHKEMP
(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
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) N
Y/N
C. [/ ] Scheduled premium variable life contracts? (Y/N) N
Y/N
D. [/ ] Flexible premium variable life contracts? (Y/N) Y
Y/N
E. [/ ] Other types of insurance products registered under the
Securities Act of 1933? (Y/N) N
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 1
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. 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
49
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If filing more than one
Page 50, "X" box: [ ]
For period ending 12/31/98
File number 811- 08592
123. [/ ] State the total value of the additional units considered in
answering item 122 ($000's 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's 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 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 intermed.
& 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 $ $
J. All other equity securities 1 $ 0 $
K. Other securities $ $
L. Total assets of all series of
registrant 1 $ 0 $
50
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If filing more than one
Page 51, "X" box: [ ]
For period ending 12/31/98
File number 811- 08592
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 period insured or guaranteed by an entity other
than the issuer? (Y/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 payment of principal or interest at the end of
the current period? (Y/N)
___
[If answer is "N" (No). go to item 131.] Y/N
130. [/ ] In computations of NAV or offering price per unit, is any part of
the value attributed to instruments identified in item 129 derived
from insurance or guarantees? (Y/N)
___
Y/N
131. Total expenses incurred by all series of Registrant during the current
reporting period ($000's omitted) $ 0
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- 811- 811- 811- 811-
811- 811- 811- 811- 811-
51
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This report is signed on behalf of the registrant (or depositor or trustee)
in the City of Long Grove and State of Illinois on February 23, 1999.
FEDERAL KEMPER LIFE ASSURANCE COMPANY
FKLA VARIABLE SEPARATE ACCOUNT
(NAME OF REGISTRANT, DEPOSITOR OR TRUSTEE)
Witness: /s/ Frank J. Julian By: /s/ David S. Jorgensen
Frank J. Julian David S. Jorgensen
Vice President, Associate Corporate Controller
General Counsel and (Name and title of person
Assistant Secretary signing on behalf of
(Name and Title) registrant, depositor or
trustee)
