HAMILTON ALEXANDER VARIABLE INSURANCE TRUST
24F-2NT, 1998-03-11
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APPENDIX I                        UNITED STATES                ------------------------------
                      SECURITIES AND EXCHANGE COMMISSION                 OMB APPROVAL        
                           WASHINGTON, D.C. 20549              ------------------------------
                                                                OMB Number:        3235-0456 
                                   FORM 24F-2                   Expires:     August 31, 2000 
                       ANNUAL NOTICE OF SECURITIES SOLD         Estimated average burden     
                             PURSUANT TO RULE 24f-2             hours per response........ 1 
                                                               ------------------------------


           READ INSTRUCTIONS AT END OF FORM BEFORE PREPARING FORM. PLEASE PRINT OF TYPE

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 1.    Name and address of issuer:

               ALEXANDER HAMILTON VARIABLE INSURANCE TRUST
                     100 NORTH GREENE STREET
                     GREENSBORO, NC 27401
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 2.    The name of each series or class of securities for which this Form is 
       filed. (If the Form is being filed for all series and classes of 
       securities of the issuer, check the box but do not list series 
       or classes):                                                    /X/
 
 
 
 
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 3.    Investment Company Act File Number:   811-8682
 
 
       Securities Act File Number:           33-81658


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 4(a). Last day of fiscal year for which this Form is filed:

                   DECEMBER 12, 1997
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 4(b). / /    Check box if this Form is being filed late (i.e., more than 
              90 calendar days after the end of the issuer's fiscal year). 
              (See instruction A.2)


 NOTE: IF THE FORM IS BEING FILED LATE, INTEREST MUST BE PAID ON THE 
       REGISTRATION FEE DUE.

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 4(c). /X/    Check box if this is the last time the issuer will be filing 
              this Form.




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 5. Calculation of registration fee:

     (i) Aggregate sale price of securities sold during                                       $                 0
         the fiscal year pursuant to section 24(f):                                           -------------------

    (ii) Aggregate price of securities redeemed or                     $        29,000,000
         repurchased during the fiscal year:                           -------------------

   (iii) Aggregate price of securities redeemed or
         repurchased during any PRIOR fiscal year 
         ending no earlier than October 11, 1995     
         that were not previously used to reduce                       $                 0
         registration fees payable to the Commission:                  -------------------

    (iv) Total available redemption                                                         - $        29,000,000
         credits [add Items 5(ii) and 5(iii)]:                                                -------------------

     (v) Net sales -- if Item 5(i) is greater than                                            $                 0
         Item 5(iv) [subtract Item 5(iv) from Item 5(i)]:                                     -------------------

  -------------------------------------------------------------------------------
    (vi) Redemption credits available for use in future                
         years -- if Item 5(i) is less than Item 5(iv)                 
         [subtract Item 5(iv) from Item 5(i)]:                         $ (     29,000,000) 
                                                                       ------------------- 
  -------------------------------------------------------------------------------

   (vii) Multiplier for determining registration fee                                        x             .000295
         (See instruction C.9):                                                               -------------------

  (viii) Registration fee due [multiply Item 5(v) by                                       
         Item 5(vii)] (enter "0" if no fee is due):                                         =                   0 
                                                                                              ------------------- 
                                                                                              ------------------- 

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 6.  Prepaid Shares

     If the response to Item 5(i) was determined by deducting an amount of 
     securities that were registered under the Securities Act of 1933 
     pursuant to rule 24e-2 as in effect before [effective date of rescision
     of rule 24e-2], then report the amount of securities (number of shares
     or other units) deducted here: 0. If there is a number of shares or other
     units that were registered pursuant to rule 24e-2 remaining unsold at the
     end of the fiscal year for which this form is filed that are available
     for use by the issuer in future fiscal years, then state that
     number here: 0.

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 7.  Interest due -- if this Form is being filed more than 90 days after 
     the end of the issuer's fiscal year (see Instruction D):


                                                                                            + $                 0
                                                                                              -------------------


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 8.  Total of the amount of the registration fee due plus any interest 
     due [line 5(viii) plus line 7]:


                                                                                           = $                  0
                                                                                              -------------------
                                                                                              -------------------


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 9.  Date the registration fee and any interest payment was sent to the 
     Commission's lockbox depository:

     Method of Delivery:

               / /   Wire Transfer
               / /   Mail or other means

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                                SIGNATURES

  This report has been signed below by the following persons on behalf of
  the issuer and in the capacities and on the dates indicated.

  By (Signature and Title)* /s/ J. Gregory Poole, Secretary
                           -----------------------------------------------
                                J. GREGORY POOLE, SECRETARY
                           -----------------------------------------------

  Date March 9, 1998
      ------------------------

  *Please print the name and title of the signing officer below the signature.



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