FORM N-SAR
SEMI-ANNUAL REPORT
FOR REGISTERED INVESTMENT COMPANIES
Report for six month period ending: / / (a)
or fiscal year ending: 12/31/99 (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: Penn Insurance and Annuity Variable Account I
B. File Number: 811-8720
C. Telephone Number:215-956-8208
2. A. Street:600 Dresher Road
B. City: Horsham C. State:PA D. Zip Code: 19044 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 111-132.]
7. A. Is Registrant a series or multiple portfolio company?
(Y/N)
[If answer is "N" (No), go to item 8.]
B. How many separate series or portfolios did Registrant have at the
end of the period?___________________________
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C. List the name of each series or portfolio and give a consecutive
number to each series or portfolio starting with the number
1. USE THIS SAME NUMERICAL DESIGNATION FOR
EACH SERIES OR PORTFOLIO IN THE SERIES
INFORMATION BLOCK IN THE TOP RIGHT CORNER OF
THE SCREENS SUBMITTED IN THIS FILING AND IN ALL
SUBSEQUENT FILINGS ON THIS FORM. THIS INFORMATION
IS REQUIRED EACH TIME THE FORM IS FILED.
Is this the last
Series filing for this
Number Series series?
- - - - --------------------------------------------------------------------------
1 (Y/N)
UNIT INVESTMENT TRUSTS
111. A. Depositor Name:
B. File Number (If any):
C. City: State: Zip Code: 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:
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113. A. Trustee Name:
B. 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:
114. A. Principal Underwriter Name:
B. File Number: 8-
C. City: State: Zip Code: Zip Ext.:
Foreign Country: Foreign Postal Code:
115. A. Independent Public Account Name:ERNST & YOUNG
B. City: PHILADELPHIA State:PA Zip Code:19103 Zip Ext.:
Foreign Country: Foreign Postal Code:
115. A. Independent Public Account Name:
B. City: State: Zip Code: Zip Ext.:
Foreign Country: Foreign Postal Code:
116. Family of investment companies information:
A. Is Registrant part of family of investment companies? (Y/N)_____
B. Identify the family in 10 letters:
(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)
If answer is "Y" (Yes), are any of the following types of contracts
funded by the Registrant?:
B. Variable annuity contract? (Y/N)
C. Scheduled premium variable life contracts? (Y/N)
D. Flexible premium variable life contracts? (Y/N)
E. Other types of insurance products registered under the Securities
Act of 1933? (Y/N)
118. State the number of series existing at the end of the period that had
securities registered under the Securities Act of 1933____________
119. State the number of new series for which registration statements under
the Securities Act of 1933 became effective during the period_________
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)_________ $
121. State the number of series for which a current prospectus was in
existence at the end of the period _______________
122. State the number of existing series for which additional units were
registered under the Securities Act of 1933 during the current period
123. State the total value of the additional units considered in answering
item 122 ($000's omitted) $
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 ($000's omitted)$
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)_______ $
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)
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 neat 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 Assest Total Income
Series ($000's Distributions
Investing 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________
J. All other equity
securities___________ 1 413,615
K. Other securities_______
L. Total assets of all
series of
registrant_________ NA 413,615
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)
[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) $5,087
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-
This report is signed on behalf of the registrant (or depositor or trustee).
City of Horsham State of Pennsylvania
Date: February 24, 2000
Name of Registrant, Depositor, or Trustee: Penn Insurance and Annuity Variable
Account I
By: Harry McWilliams
Manager, Variable Product Financial Reporting
Witness: Dana Dean
Senior Accountant
