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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: 12/31/96 (b)
Is this a transition report?:(Y/N) N
Is this an amendment to a previous filing? (Y/N) Y
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 form.
1. A. Registrant Name: American Enterprise Variable Annuity Account
B. File Number: 811-7195
C. Telephone Number: (612) 671-2152
2. A. Street: IDS Tower 10
B. City: Minneapolis C. State: MN D. Zip Code: 55440 Zip Ext. 0010
E. Foreign Country:
3. Is this the first filing on this form by the 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)
[If answer is "Y" (Yes) complete only items 89 through 110.] N
6. Is Registrant a unit investment trust (UIT)? (Y/N)
[If answer is "Y" (Yes) complete only items 111 through 132.] Y
7. A. Is Registrant a series or multiple portfolio company? (Y/N) 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? .
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For period ending 12/31/96 If filing more than one
File number 811-7195 Page 47, "X" box: _____
UNIT INVESTMENT TRUSTS
111. A. Depositor Name: American Enterprise Life Insurance Company
B. File Number (If any): 8-
C. City: Minneapolis State: MN Zip Code: 55440 Zip Ext.: 0010
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: State: Zip Code: Zip Ext.:
Foreign Country: Foreign Postal Code:
112. A. Sponsor Name:
B. File Number (If any):
C. City: State: Zip Code: Zip Ext.:
Foreign Country: Foreign Postal Code:
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For period ending 12/31/96 If filing more than one
File number 811-7195 Page 48, "X" box:______
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: American Express Financial Advisors
Inc.
B. File Number: 8-16791
C. City: Minneapolis State:MN Zip Code: 55440 Zip Ext.:0010
Foreign Country: Foreign Postal Code:
114. A. Principal Underwriter Name:
B. File Number:
C. City: State: Zip Code: Zip Ext.:
Foreign Country: Foreign Postal Code:
115. A. Independent Public Accountant Name: Ernst & Young LLP
B. City: Minneapolis State: MN Zip Code: 55402 Zip Ext.:
Foreign Country: Foreign Postal Code:
115. A. Independent Public Accountant Name:
B. City: State: Zip Code: Zip Ext.:
Foreign Country: Foreign Postal Code:
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For period ending 12/31/96 If filing more than one
File number 811-7195 Page 49, "X" box:_____
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: IDSLIFESEP
(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" (Yes), are any of the following types of contracts funded
by the Registrant?:
B. Variable annuity contracts? (Y/N) Y
C. Scheduled 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 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 0
($000's omitted)
121. State the number of series for which a current prospectus was
in existence at the end of the period 1
122. State the number of existing series for which additional units
were registered under the Securities Act of 1933 during the
current period 0
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For period ending 12/31/96 If filing more than one
File number 811-7195 Page 50, "X" box:______
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 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>
<CAPTION>
Number of Total Assets Total Income
Series $000's Distributions
Investing omitted) ($000's omitted)
<S> <C> <C> <C>
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___ $30,760_____ $____0___
K. Other securities _______ $___________ $________
L. Total assets of all series of
registrant _______ $30,760 $________
</TABLE>
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For period ending 12/31/96 If filing more than one
File number 811-7195 Page 51, "X" box:______
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) 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)
$ 303
132. List the "811" (Investment Company Act of 1940) registration number for
all Series of Registrant that are being included in this filing:
811-7195 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-______
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SIGNATURE PAGE
This report is signed on behalf of the Registrant indicated in Item 1.A.
City of: Minneapolis State of : Minnesota Date: March 6, 1997
American Enterprise Variable Annuity Account
By: Mary Ellyn Minenko Witness: Andrea L. Kelly
Attorney at Law Assistant Secretary
