USAA LIFE INVESTMENT TRUST
24F-2NT, 2000-02-25
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                                UNITED STATES
                      SECURITIES AND EXCHANGE COMMISSION
                            Washington, D.C. 20549

                                 FORM 24F-2
                       Annual Notice of Securities Sold
                            Pursuant to Rule 24F-2


Read  instructions at  end  of Form before preparing Form. Please print or type.


1.    Name and address of issuer:  USAA LIFE INVESTMENT TRUST
                                   10750 Robert F. McDermott Freeway
                                   San Antonio, Texas 78288

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|

3.    Investment Company Act File Number:     811-8672

      Securities Act File Number:             33-82270

4(a). Last   day   of   the   fiscal   year   for  which  this  Form  is  filed:
      December 31, 1999

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):
      NOT APPLICABLE

4(c). Check  box  if  this is the last time the issuer will be filing this Form:
      NOT APPLICABLE

5.    Calculation of registration fee:

      (i)    Aggregate sale price of securities
             sold during the fiscal year in
             pursuant to section 24(f):                          $            0
                                                                 ---------------
      (ii)   Aggregate price of securities
             redeemed or repurchased during
             the fiscal year:                  $            0
                                               --------------
      (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 registration fees payable
             to the Commission:                $             0
                                               ---------------

      (iv)   Total available redemption credits
             [add Items 5(ii) and 5(iii):                      - $            0
                                                                 ---------------
      (v)    Net sales -- if Item 5(i) is
             greater than Item 5(iv) [subtract
             Item 5(iv) from Item 5(i)]:                         $            0
                                                                 ---------------
- --------------------------------------------------------------
      (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)]:                            $(           0)
                                               ---------------
- --------------------------------------------------------------

      (vii)  Multiplier for determining
             registration fee (See Instruction
             C.9):                                             x        0.000264
                                                                 ---------------

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

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 October 11, 1997, then report the amount
      of securities  (number of shares or other units)  deducted  here: n/a.  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: n/a.

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):                                     + $          n/a
                                                                 ---------------

8.    Total of the amount of the registration fee due plus
      any interest due [line 5(viii) plus line 7]:             = $            0
                                                                 ===============

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

                 Method of Delivery:

                           Wire Transfer
                       ---
                           Mail or other means
                       ---


                                   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)*
                                --------------------------
                                Edwin L. Rosane, President

      Date:  February 25, 2000
             -----------------

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



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