<PAGE> 1
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
RULE 24f-2 NOTICE
FOR
Providentmutual Variable Life Separate Account
(Name of Registrant)
300 Continental Drive
Newark, DE 19713
(Address of principal executive offices)
File Number 33-83138
1. The following information is set forth pursuant to the requirements of
Rule 24f-2(b)(1):
(i). Fiscal year for which Notice is filed:
Fiscal year ended December 31, 1996
(ii). Number or amount of securities of the same class or series, if
any, which had been registered under the Securities Act of
1933 other than pursuant to Rule 24f-2 but which remained
unsold at the beginning of such fiscal year.
None
(iii). The number or amount of securities, if any, registered during
such fiscal year other than pursuant to Rule 24f-2:
None
(iv). The number or amount of securities sold during the fiscal
year:
<TABLE>
<S> <C> <C> <C>
Growth Money Market Bond Managed
Subaccount Subaccount Subaccount Subaccount
---------- ---------- ---------- ----------
$442,875.24 $4,101,539.44 $104,043.79 $43,520.84
worth of worth of worth of worth of
policies(1) policies(2) policies(3) policies(4)
Aggressive International
Growth Subaccount Subaccount
----------------- ----------
$387,224.00 $439,529.52
worth of worth of
policies(5) policies(6)
</TABLE>
<PAGE> 2
<TABLE>
<S> <C> <C> <C>
Fidelity Fidelity Asset
Equity Income Fidelity Growth Manager Fidelity Index
Subaccount Subaccount Subaccount 500 Subaccount
- ---------- ---------- ---------- --------------
$1,858,866.65 $2,281,596.40 $689,857.71 $1,674,767.04
worth of worth of worth of worth of
policies (7) policies (8) policies (9) policies (10)
Fidelity High Fidelity Fidelity Investment
Income Overseas Grade Bond Fidelity Contrafund
Subaccount Subaccount Subaccount Subaccount
- ---------- ---------- ---------- ----------
$250,882.22 $442,321.29 $123,164.00 $299,972.57
worth of worth of worth of worth of
policies (11) policies (12) policies (13) policies (14)
Neuberger & Berman Neuberger & Berman
Neuberger & Berman Balanced Limit Maturity Bond TCI Growth
Growth Subaccount Subaccount Subaccount Subaccount
- ----------------- ---------- ---------- ----------
$401,089.38 $144,512.19 $25,182.51 $288,564.40
worth of worth of worth of worth of
policies (15) policies (16) policies (17) policies (18)
Alger American
Van Eck Gold & Van Eck Small
Van Eck Worldwide Natural Resources Emerging Markets Capitalization
Bond Subaccount Subaccount Subaccount Subaccount
- --------------- ---------- ---------- ----------
$69,520.91 $124,405.15 $57,479.23 $380,768.48
worth of worth of worth of worth of
policies (19) policies (20) policies (21) policies (22)
</TABLE>
(v). The number or amount of securities sold during such fiscal year in
reliance upon registration pursuant to Rule 24f-2
<TABLE>
<S> <C> <C> <C>
Growth Money Market Bond Managed
Subaccount Subaccount Subaccount Subaccount
- ---------- ---------- ---------- ----------
$442,875.24 $4,101,539.44 $104,043.79 $43,520.84
worth of worth of worth of worth of
policies(1) policies(2) policies(3) policies(4)
</TABLE>
<PAGE> 3
<TABLE>
<S> <C> <C> <C>
Aggressive International
Growth Subaccount Subaccount
- ----------------- ----------
$387,224.00 $439,529.52
worth of worth of
policies(5) policies(6)
Fidelity Fidelity Asset
Equity Income Fidelity Growth Manager Fidelity Index
Subaccount Subaccount Subaccount 500 Subaccount
- ---------- ---------- ---------- --------------
$1,858,866.65 $2,281,596.40 $689,857.71 $1,674,767.04
worth of worth of worth of worth of
policies (7) policies (8) policies (9) policies (10)
Fidelity High Fidelity Fidelity Investment
Income Overseas Grade Bond Fidelity Contrafund
Subaccount Subaccount Subaccount Subaccount
- ---------- ---------- ---------- ----------
$250,882.22 $442,321.29 $123,164.00 $299,972.57
worth of worth of worth of worth of
policies (11) policies (12) policies (13) policies (14)
Neuberger &
Neuberger Neuberger & Berman Berman Limit
& Berman Balanced Maturity Bond TCI Growth
Growth Subaccount Subaccount Subaccount Subaccount
- ----------------- ---------- ---------- ----------
$401,089.38 $144,512.19 $25,182.51 $288,564.40
worth of worth of worth of worth of
policies (15) policies (16) policies (17) policies (18)
Alger American
Van Eck Gold & Van Eck Small
Van Eck Worldwide Natural Resources Emerging Markets Capitalization
Bond Subaccount Subaccount Subaccount Subaccount
- --------------- ---------- ---------- ----------
$69,520.91 $124,405.15 $57,479.23 $380,768.48
worth of worth of worth of worth of
policies (19) policies (20) policies (21) policies (22)
</TABLE>
2. An opinion of counsel with respect to the validity of the shares
accompanies this Notice.
<PAGE> 4
3. Filing fee with respect to shares specified in 1(v) above:
<TABLE>
<S> <C> <C>
Growth Subaccount $ 103.13 (1)
Money Market Subaccount 69.53 (2)
Bond Subaccount 24.03 (3)
Managed Subaccount 10.81 (4)
Aggressive Growth Subaccount 80.47 (5)
International Subaccount 98.36 (6)
Fidelity Equity Income Subaccount 411.00 (7)
Fidelity Growth Subaccount 466.91 (8)
Fidelity Asset Manager Subaccount 187.53 (9)
Fidelity Index 500 Subaccount 338.94 (10)
Fidelity High Income Subaccount 60.02 (11)
Fidelity Overseas Subaccount 92.68 (12)
Fidelity Investment Grade Bond Subaccount 27.21 (13)
Fidelity Contrafund Subaccount 68.89 (14)
Neuberger & Berman Growth Subaccount 88.86 (15)
Neuberger & Berman Balanced Subaccount 25.93 (16)
Neuberger & Berman Bond Subaccount 4.70 (17)
TCI Growth Subaccount 55.44 (18)
Van Eck Worldwide Bond Subaccount 12.30 (19)
Van Eck Gold and Natural Resources Subaccount 30.50 (20)
Van Eck Emerging Markets Subaccount 14.57 (21)
Alger American Small Capitalization Subaccount 104.98 (22)
----------
$ 2,376.80
</TABLE>
Minimum Filing Fee (Certified Check Enclosed): $ 2,376.80
DATED: February 26, 1997
PROVIDENTMUTUAL VARIABLE LIFE SEPARATE ACCOUNT
BY: /s/ M. Diane Koken
-------------------------------
M. Diane Koken
(1) The actual aggregate sales price was $442,875.24, which consists of 3,477
policies allocating premiums to the Growth Subaccount. During the fiscal year
ended December 31, 1996, the actual aggregate redemption price of Growth
Subaccount policies redeemed was $102,560.89. (No portion of such aggregate
redemption price has been applied by the Registrant pursuant to Rule 24f-2(c) in
any filing made pursuant to Section 24(e)(1) of the Investment Company Act of
1940.) Pursuant to Rule 24f-2(c), the filing fee with respect to the policies in
calculated as follows:
$442,875.24 - 102,560.89 = $340,314.35 / 3300 = $103.13
<PAGE> 5
(2) The actual aggregate sales price was $4,101,539.44, which consists of 3,220
policies allocating premiums to the Money Market Subaccount. During the fiscal
year ended December 31, 1996, the actual aggregate redemption price of Money
Market Subaccount policies redeemed was $3,872,104.50. (No portion of such
aggregate redemption price has been applied by the Registrant pursuant to Rule
24f-2(c) in any filing made pursuant to Section 24(e)(1) of the Investment
Company Act of 1940.) Pursuant to Rule 24f-2(c), the filing fee with respect to
the policies is calculated as follows:
$4,101,539.44 - $3,872,104.50 = $229,434.94 / 3300 = $69.53
(3) The actual aggregate sales price was $104,043.79, which consists of 1,737
policies allocating premiums to the Bond Subaccount. During the fiscal year
ended December 31, 1996, the actual aggregate redemption price of Bond
Subaccount policies redeemed was $24,741.15. (No portion of such aggregate
redemption price has been applied by the Registrant pursuant to Rule 24f-2(c) in
any filing made pursuant to Section 24(e)(1) of the Investment Company Act of
1940.) Pursuant to Rule 24f-2(c), the filing fee with respect to the policies is
calculated as follows:
$104,043.79 - 24,741.15 = $79,302.64 / 3300 = $24.03
(4) The actual aggregate sales price was $43,520.84, which consists of 658
policies allocating premiums to the Managed Subaccount. During the fiscal year
ended December 31, 1995, the actual aggregate redemption price of Managed
Subaccount policies redeemed was $7,851.01. (No portion of such aggregate
redemption price has been applied by the Registrant pursuant to Rule 24f-2(c) in
any filing made pursuant to Section 24(e)(1) of the Investment Company Act of
1940.) Pursuant to Rule 24f-2(c), the filing fee with respect to the policies is
calculated as follows:
$43,520.84 - 7,851.01 = $35,669.83 / 3300 = $10.81
(5) The actual aggregate sales price was $387,224.00, which consists of 3,924
policies allocating premiums to the Aggressive Growth Subaccount. During the
fiscal year ended December 31, 1996, the actual aggregate redemption price of
Aggressive Growth Subaccount policies redeemed was $121,666.95. (No portion of
such aggregate redemption price has been applied by the Registrant pursuant to
Rule 24f-2(c) in any filing made pursuant to Section 24(e)(1) of the Investment
Company Act of 1940.) Pursuant to Rule 24f-2(c), the filing fee with respect to
the policies is calculated as follows:
$387,224.00 - 121,666.95 = $265,557.05 / 3300 = $80.47
(6) The actual aggregate sales price was $439,529.52, which consists of 3,200
policies allocating premiums to the International Subaccount. During the fiscal
year ended December 31, 1996, the actual aggregate redemption price of
International Subaccount policies redeemed was $114,942.13. (No portion of such
aggregate redemption price has been applied by the Registrant pursuant to Rule
24f-2(c) in any filing made pursuant to Section 24(e)(1) of the Investment
Company Act of 1940.) Pursuant to Rule 24f-2(c), the filing fee with respect to
the policies is calculated as follows:
$439,529.52 - 114,942.13 = $324,587.39 / 3300 = $98.36
<PAGE> 6
(7) The actual aggregate sales price was $1,858,866.65, which consists of 8,512
policies allocating premiums to the Fidelity Equity Income Subaccount. During
the fiscal year ended December 31, 1996, the actual aggregate redemption price
of Fidelity Equity Income Subaccount policies redeemed was $502,582.42. (No
portion of such aggregate redemption price has been applied by the Registrant
pursuant to Rule 24f-2(c) in any filing made pursuant to Section 24(e)(1) of the
Investment Company Act of 1940.) Pursuant to Rule 24f-2(c), the filing fee with
respect to the policies is calculated as follows:
$1,858,866.65 - 502,582.42 = $1,356,284.23 / 3300 = $411.00
(8) The actual aggregate sales price was $2,281,596.40, which consists of 12,113
policies allocating premiums to the Fidelity Growth Subaccount. During the
fiscal year ended December 31, 1996, the actual aggregate redemption price of
Fidelity Growth Subaccount policies redeemed was $740,786.40. (No portion of
such aggregate redemption price has been applied by the Registrant pursuant to
Rule 24f-2(c) in any filing made pursuant to Section 24(e)(1) of the Investment
Company Act of 1940.) Pursuant to Rule 24f-2(c), the filing fee with respect to
the policies is calculated as follows:
$2,281,596.40 - 740,786.40 = $1,540,810.00 / 3300 = $466.91
(9) The actual aggregate sales price was $689,857.71, which consists of 1,301
policies allocating premiums to the Fidelity Asset Manager Subaccount. During
the fiscal year ended December 31, 1996, the actual aggregate redemption price
of Fidelity Asset Manager Subaccount policies redeemed was $70,999.20. (No
portion of such aggregate redemption price has been applied by the Registrant
pursuant to Rule 24f-2(c) in any filing made pursuant to Section 24(e)(1) of the
Investment Company Act of 1940.) Pursuant to Rule 24f-2(c), the filing fee with
respect to the policies is calculated as follows:
$689,857.71 - 70,999.20 = $618,858.51 / 3300 = $187.53
(10) The actual aggregate sales price was $1,674,767.04, which consists of 6,478
policies allocating premiums to the Fidelity Index 500 Subaccount. During the
fiscal year ended December 31, 1996, the actual aggregate redemption price of
Fidelity Index 500 Subaccount policies redeemed was $556,261.04. (No portion of
such aggregate redemption price has been applied by the Registrant pursuant to
Rule 24f-2(c) in any filing made pursuant to Section 24(e)(1) of the Investment
Company Act of 1940.) Pursuant to Rule 24f-2(c), the filing fee with respect to
the policies is calculated as follows:
$1,674,767.04 - 556,261.04 = $1,118,506.00 / 3300 = $338.94
(11) The actual aggregate sales price was $250,882.22, which consists of 2,262
policies allocating premiums to the Fidelity High Income Subaccount. During the
fiscal year ended December 31, 1996, the actual aggregate redemption price of
Fidelity High Income Subaccount policies redeemed was $52,827.56. (No portion of
such aggregate redemption price has been applied by the Registrant pursuant to
Rule 24f-2(c) in any filing made pursuant to Section 24(e)(1) of the Investment
Company Act of 1940.) Pursuant to Rule 24f-2(c), the filing fee with respect to
the policies is calculated as follows:
$250,882.22 - 52,827.56 = $198,054.66 / 3300 = $60.02
<PAGE> 7
(12) The actual aggregate sales price was $442,321.29, which consists of 4,197
policies allocating premiums to the Fidelity Overseas Subaccount. During the
fiscal year ended December 31, 1996, the actual aggregate redemption price of
Fidelity Overseas Subaccount policies redeemed was $136,470.11. (No portion of
such aggregate redemption price has been applied by the Registrant pursuant to
Rule 24f-2(c) in any filing made pursuant to Section 24(e)(1) of the Investment
Company Act of 1940.) Pursuant to Rule 24f-2(c), the filing fee with respect to
the policies is calculated as follows:
$442,321.29 - 136,470.11 = $305,851.18 / 3300 = $92.68
(13) The actual aggregate sales price was $123,164.00, which consists of 1,958
policies allocating premiums to the Fidelity Investment Grade Bond Subaccount.
During the fiscal year ended December 31, 1996, the actual aggregate redemption
price of Fidelity Investment Grade Bond Subaccount policies redeemed was
$33,386.22. (No portion of such aggregate redemption price has been applied by
the Registrant pursuant to Rule 24f-2(c) in any filing made pursuant to Section
24(e)(1) of the Investment Company Act of 1940.) Pursuant to Rule 24f-2(c), the
filing fee with respect to the policies is calculated as follows:
$123,164.00 - 33,386.22 - $89,777.78 / 3300 = $27.21
(14) The actual aggregate sales price was $299,972.57, which consists of 759
policies allocating premiums to the Fidelity Contrafund Subaccount. During the
fiscal year ended December 31, 1996, the actual aggregate redemption price of
Fidelity Contrafund Subaccount policies redeemed was $72,637.70. (No portion of
such aggregate redemption price has been applied by the Registrant pursuant to
Rule 24f-2(c) in any filing made pursuant to Section 24(e)(1) of the Investment
Company Act of 1940.) Pursuant to Rule 24f-2(c), the filing fee with respect to
the policies is calculated as follows:
$299,972.57 - 72,637.70 = $227,334.87 / 3300 - $68.89
(15) The actual aggregate sales price was $401,089.38 which consists of 3,575
policies allocating premiums to the Neuberger & Berman Growth Subaccount. During
the fiscal year ended December 31, 1996, the actual aggregate redemption price
of Neuberger & Berman Growth Subaccount policies redeemed was $107,838.14. (No
portion of such aggregate redemption price has been applied by the Registrant
pursuant to Rule 24f-2(c) in any filing made pursuant to Section 24(e)(1) of the
Investment Company Act of 1940.) Pursuant to Rule 24f-2(c), the filing fee with
respect to the policies is calculated as follows:
$401,089.38 - 107,838.14 = $293,251.24 / 3300 = $88.86
(16) The actual aggregate sales price was $144,512.19, which consists of 1,231
policies allocating premiums to the Neuberger & Berman Balanced Subaccount.
During the fiscal year ended December 31, 1996, the actual aggregate redemption
price of Neuberger & Berman Balanced Subaccount policies redeemed was
$58,927.31. (No portion of such aggregate redemption price has been applied by
the Registrant pursuant to Rule 24f-2(c) in any filing made pursuant to Section
24(e)(1) of the Investment Company Act of 1940.) Pursuant to Rule 24f-2(c), the
filing fee with respect to the policies is calculated as follows:
$144,512.19 - 58,927.31 = $85,584.88 / 3300 = $25.93
<PAGE> 8
(17) The actual aggregate sales price was $25,182.51, which consists of 377
policies allocating premiums to the Neuberger & Berman Limited Maturity Bond
Subaccount. During the fiscal year ended December 31, 1996, the actual aggregate
redemption price of Neuberger & Berman Limited Maturity Bond Subaccount policies
redeemed was $9,682.70. (No portion of such aggregate redemption price has been
applied by the Registrant pursuant to Rule 24f-2(c) in any filing made pursuant
to Section 24(e)(1) of the Investment Company Act of 1940.) Pursuant to Rule
24f-2(c), the filing fee with respect to the policies is calculated as follows:
$25,182.51 - 9,682.70 = $15,499.81 / 3300 = $4.70
(18) The actual aggregate sales price was $288,564.40, which consists of 3,222
policies allocating premiums to the TCI Growth Subaccount. During the fiscal
year ended December 31, 1996, the actual aggregate redemption price of TCI
Growth Subaccount policies redeemed was $105,597.79. (No portion of such
aggregate redemption price has been applied by the Registrant pursuant to Rule
24f-2(c) in any filing made pursuant to Section 24(e)(1) of the Investment
Company Act of 1940.) Pursuant to Rule 24f-2(c), the filing fee with respect to
the policies is calculated as follows:
$288,564.40 - 105,597.79 = $182,966.61 / 3300 = $55.44
(19) The actual aggregate sales price was $69,520.91, which consists of 1,532
policies allocating premiums to the Van Eck Worldwide Bond Subaccount. During
the fiscal year ended December 31, 1996, the actual aggregate redemption price
of Van Eck Worldwide Bond Subaccount policies redeemed was $28,917.82. (No
portion of such aggregate redemption price has been applied by the Registrant
pursuant to Rule 24f-2(c) in any filing made pursuant to Section 24(e)(1) of the
Investment Company Act of 1940.) Pursuant to Rule 24f-2(c), the filing fee with
respect to the policies is calculated as follows:
$69,520.91 - 28,917.82 = $40,603.09 / 3300 = $12.30
(20) The actual aggregate sales price was $124,405.15, which consists of 717
policies allocating premiums to the Van Eck Gold and Natural Resources
Subaccount. During the fiscal year ended December 31, 1996, the actual aggregate
redemption price of Van Eck Gold and Natural Resources Subaccount policies
redeemed was $23,741.78. (No portion of such aggregate redemption price has been
applied by the Registrant pursuant to Rule 24f-2(c) in any filing made pursuant
to Section 24(e)(1) of the Investment Company Act of 1940.) Pursuant to Rule
24f-2(c), the filing fee with respect to the policies is calculated as follows:
$124,405.15 - 23,741.78 = $100,663.37 / 3300 = $30.50
(21) The actual aggregate sales price was $57,479.23, which consists of 421
policies allocating premiums to the Van Eck Emerging Markets Subaccount. During
the fiscal year ended December 31, 1996, the actual aggregate redemption price
of Van Eck Emerging Markets Subaccount policies redeemed was $9,384.02. (No
portion of such aggregate redemption price has been applied by the Registrant
pursuant to Rule 24f-2(c) in any filing made pursuant to Section 24(e)(1) of the
Investment Company Act of 1940.) Pursuant to Rule 24f-2(c), the filing fee with
respect to the policies is calculated as follows:
$57,479.23 - 9,384.02 = $48,095.21 / 3300 = $14.57
<PAGE> 9
(22) The actual aggregate sales price was $380,768.48, which consists of 1,011
policies allocating premiums to the Alger American Small Capitalization
Subaccount. During the fiscal year ended December 31, 1996, the actual aggregate
redemption price of Alger American Small Capitalization Subaccount policies
redeemed was $34,350.20. (No portion of such aggregate redemption price has been
applied by the Registrant pursuant to Rule 24f-2(c) in any filing made pursuant
to Section 24(e)(1) of the Investment Company Act of 1940.) Pursuant to Rule
24f-2(c), the filing fee with respect to the policies is calculated as follows:
$380,768.48 - 34,350.20 = $346,418.28 / 3300 = $104.98
<PAGE> 10
February 26, 1997
Providentmutual Life and Annuity Company
of America
300 Continental Drive
Newark, DE 19713
Re: Rule 24f-2 Notice
Providentmutual Variable Life Separate Account
Registration Number 33-83138
Dear Sirs/Madames:
I have served as counsel to Providentmutual Life and Annuity Company of
America in connection with the above-referenced Notice. In my opinion, the
securities being registered with respect to the Providentmutual Variable Life
Separate Account are legally issued, fully paid and non-assessable.
Very truly yours,
Adam Scaramella
AS/ja
