FORM N-SAR
SEMI-ANNUAL REPORT
FOR REGISTERED INVESTMENT COMPANIES
Report for six month period ending: / / (a)
or fiscal year ending: 12/31/97 (b)
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: JACKSON NATIONAL SEPARATE ACCOUNT
- - I
B. File Number: 811-8664
C. Telephone Number: (517) 394-3400
2. A. Street: 5901 EXECUTIVE DR.
B. City: LANSING C. State: MI D. Zip Code: 48911
Zip Ext:
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.]
For period ending 12/31/97
File number 811-8664
UNIT INVESTMENT TRUSTS
111. A. [/] Depositor Name: JACKSON NATIONAL LIFE INSURANCE
COMPANY
B. [/] File Number (if any): 812-9302
C. [/] City: LANSING State: MI Zip Code:
48911 Zip Ext.:
[/] 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:
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:
C. [/] City: State: Zip Code:
Zip Ext.:
[/] Foreign Country: Foreign Postal
Code:
115. A. [/] Independent Public Accountant Name: PRICE
WATERHOUSE LLP
B. [/] City: CHICAGO State: IL Zip Code:
60601 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:
<PAGE>
For period ending 12/31/97
File number 811-8664
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:------- J A C
K S O N N A T
(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
($000's omitted)------------------------------------
- ------------ $ 0
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
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
<PAGE>
For period ending 12/31/97
File number 811-8664
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 Income
Series Total Assets
Distributions
Investing ($000's
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---------------------- __1__ $1,082,759
$_________
J. All other equity securities----- _____ $_________
$_________
K. Other securities---------------- _____ $_________
$_________
L. Total assets of all series of
registrant---------------------- __1__ $1,082,759
$_________
<PAGE>
For period ending 12/31/97
File number 811-8664
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.]
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.]
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)-------
- ------------- _
131. Total expenses incurred by all series of
Registrant during the
current reporting period ($000's omitted)---------
- ----------- $ 10,768
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-_____
SIGNATURE PAGE
This report is signed on behalf of the registrant (or
depositor or
trustee).
City of: LANSING State of: MI Date: 2/27/98
Name of Registrant, Depositor or Trustee: JACKSON NATIONAL
SEPARATE ACCOUNT - I
By (Name and Title): /s/ ANDREW B. HOPPING
-------------------------------
ANDREW B. HOPPING
SENIOR VICE PRESIDENT AND CHIEF
FINANICAL OFFICER
-------------------------------
Witness (Name and Title): /s/ THOMAS J. MEYER
-------------------------------
THOMAS J. MEYER
VICE PRESIDENT AND SECRETARY
-------------------------------