SUBMITTED VIA EDGAR
(Citicorp Life Insurance Company Letterhead)
September 9, 1998
Securities and Exchange Commission
450 Fifth Street, N.W.
Washington, DC 20549
RE: Citicorp Life Variable Annuity Separate Account
File No. 33-81626 and 811-8628
Dear Commissioners:
On behalf of Citicorp Life Insurance Company and Citicorp Life Variable Annuity
Separate Account (the "Account"), we have enclosed for filing pursuant to Rule
30b2-1 under the Investment Company Act of 1940, the Account's semi-annual
report for the period ending June 30, 1998, which has been sent to contract
holders. Incorporated by reference to the Account's semi-annual report and
furnished contract holders is the semi-annual report of each fund supporting
the Account, as shown in Exhibit I attached hereto.
If you have any questions regarding this matter, please contact the undersigned
at (302) 672-5051 or Eric S. Miller at (302) 672-5033.
Sincerely,
/s/ Catherine S. Mulholland
Catherine S. Mulholland
Sr. Vice President and General Counsel
cc: Eric S. Miller
<PAGE>
EXHIBIT I
DATE
FUND NAME SUBMITTED 40 ACT FILE # ACCESSION #
Variable Annuity Portfolios
CitiSelect VIP Folio 200 8/27/98 811-07893 0000950156-98-000547
CitiSelect VIP Folio 300 8/27/98 811-07893 0000950156-98-000547
CitiSelect VIP Folio 400 8/27/98 811-07893 0000950156-98-000547
CitiSelect VIP Folio 500 8/27/98 811-07893 0000950156-98-000547
CitiFunds Small Cap Growth
VIP Portfolio 8/27/98 811-07893 0000950156-98-000547
Fidelity Variable Insurance Products Fund
Growth Portfolio 8/19/98 811-03329 0000023355-98-000008
High Income Portfolio 8/21/98 811-03329 0000320254-98-000007
Equity Income Portfolio 8/20/98 811-03329 0000023355-98-000010
Overseas Portfolio 8/21/98 811-03329 0000320254-98-000008
Fidelity Variable Insurance Product Fund II
Contrafund Portfolio 8/21/98 811-05511 0000821051-98-000004
Index 500 Portfolio 8/20/98 811-05511 0000320254-98-000005
AIM Variable Insurance Funds, Inc.
AIM V.I. Capital
Appreciation Fund 9/02/98 811-07452 0000899243-98-001730
AIM V.I. Government
Securities Fund 9/02/98 811-07452 0000899243-98-001730
AIM V.I. International
Equity Fund 9/02/98 811-07452 0000899243-98-001730
AIM V.I. Value Fund 9/02/98 811-07452 0000899243-98-001730
AIM V.I. Growth and
Income Fund 9/02/98 811-07452 0000899243-98-001730
MFS Variable Insurance Trust
MFS World Governments
Series 9/01/98 811-08326 0000950156-98-000581
MFS Money Market Series 9/01/98 811-08326 0000950156-98-000573
MFS Bond Series 9/01/98 811-08326 0000950156-98-000571
MFS Total Return Series 9/01/98 811-08326 0000950156-98-000582
MFS Research Series 9/01/98 811-08326 0000950156-98-000578
MFS Emerging Growth Series 9/01/98 811-08326 0000950156-98-000576
<PAGE>
(CITICORP LIFE INSURANCE COMPANY LETTERHEAD)
Dear Contract Owner:
We are pleased to share with you the investment results of the investment
portfolios held in your CitiVariableSM Annuity/CitiVariable Annuity Plus
issued by Citicorp Life Insurance Company during the first six months of this
year. In this report, you will find extensive information regarding each
funds performance as well as other pertinent data. Please note that the funds
performance does not reflect the Separate Account mortality and expense risk
charge, the contract administrative charge, annual contract fee, premium
taxes, or surrender charges which may apply. Such charges, taxes and fees
will reduce the actual return of your CitiVariable Annuity contract.
The annuity you have purchased has been designed to help you reach your long
term investment goals. We are continually exploring ways to improve our
product and welcome any suggestions or comments you may have regarding your
variable annuity or the service you receive from our committed staff. Please
feel free to call us at 1-800-497-4857 from 8:00 a.m. to 5:00 p.m. Eastern
time, Monday through Friday.
We thank you for allowing us the opportunity to be of service to you. We look
forward to continuing to provide you with the highest level of satisfaction
with your variable annuity.
Sincerely,
/s/Chad H. Masland
Chad H. Masland
Senior Vice President, Marketing
Securities and variable annuity transactions, are through Citicorp Investment
Services, member NASD/SIPC. Variable annuities are made available through
Citicorp Investment Services (CIS) and sold through CIS and affiliated
insurance agencies as required or permitted by law (CIS CA insurance agency
license 0800853; toll-free number insurance agency license number:
OB01347). All named entities are affiliates of Citicorp Investment Services,
Citibank and Citicorp.
This material must be accompanied or preceded by a prospectus. It contains
more information, including charges and expenses. Withdrawals prior to age
591/2 are subject to IRS penalties. Please review the annuity contract for
complete details. CitiVariable Annuity and CitiVariable Annuity Plus are
issued by Citicorp Life Insurance Company, located in Dover, DE. Citicorp
Life is a subsidiary of Citibank Delaware. Form Number Series 63-1103 (05-94).
Rider Number Series: 63-1500 (04-97). CitiVariableSM and CitiFundsSM are
service marks of Citicorp. This annuity is not available in all states.
1998 Citicorp Life Insurance Company
