PRICE T ROWE VAR AN ACCT OF FIR SEC BEN LIF INS&ANN CO OF NY
24F-2NT, 1996-02-28
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                     U.S. 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:

           T. Rowe Price Variable Annuity Account of First Security Benefit Life
           Insurance  and  Annuity  Company of New York,  700  Harrison  Street,
           Topeka, Kansas 66636-0001

  2.  Name of each series or class of funds for which this notice is filed:

           T. Rowe Price Variable Annuity Account of First Security Benefit Life
           Insurance and Annuity Company of New York

  3.  Investment Company Act File Number:  811-8726
      Securities Act File Number:  33-83240

  4.  Last day of fiscal year for which this notice is filed:

           December 31, 1995

  5.  Check box if this notice is being filed more than 180 days after the close
      of the  issuer's  fiscal year for purposes of  reporting  securities  sold
      after the close of the fiscal year but before  termination of the issuer's
      24f-2 declaration:                                                     / /

  6.  Date of termination of issuer's  declaration  under rule  24f-2(a)(1),  if
      applicable (see Instruction A.6):

  7.  Number and amount of securities of the same class or series which had been
      registered  under the  Securities  Act of 1933 other than pursuant to rule
      24f-2 in a prior fiscal year, but which  remained  unsold at the beginning
      of the fiscal year:

           None.

  8.  Number and amount of  securities  registered  during the fiscal year other
      than pursuant to rule 24f-2:

           None.

  9.  Number and aggregate sale price of securities sold during the fiscal year:

                           -0-                                       $         0

 10.  Number and aggregate sale price of securities  sold during the fiscal year
      in reliance upon registration pursuant to rule 24f-2:

                           -0-                                       $         0

 11.  Number and  aggregate  sale price of  securities  issued during the fiscal
      year in connection  with dividend  reinvestment  plans, if applicable (see
      Instruction B.7):

                           -0-                                       $         0

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                           INVESTMENT COMPANIES-FORMS

12.   Calculation of registration fee:

      (i)   Aggregate  sale price of  securities  sold during the fiscal year in
            reliance on rule 24f-2 (from Item 10):

                                                                     $         0

      (ii)  Aggregate  price  of  shares  issued  in  connection  with  dividend
            reinvestment plans (from Item 11, if applicable):

                                                                    +$         0

      (iii) Aggregate price of shares redeemed or repurchased  during the fiscal
            year (if applicable):
                                                                    -$         0

      (iv)  Aggregate  price of shares  redeemed or  repurchased  and previously
            applied as a  reduction  to filing  fees  pursuant to rule 24e-2 (if
            applicable):

                                                                    +$         0

      (v)   Net aggregate  price of securities sold and issued during the fiscal
            year in reliance on rule 24f-2 [line (i), plus line (ii),  less line
            (iii), plus line (iv)] (if applicable):

                                                                     $         0

      (vi)  Multiplier  prescribed by Section 6(b) of the Securities Act of 1933
            or other applicable law or regulation (see instruction C.6):

                                                                     x    1/2900

      (vii) Fee due [line (i) or (line (v) multiplied by line (vi)]:

                                                                     $         0

13.   Check  box  if  fees  are  being  remitted  to  the  Commission's  lockbox
      depository  as  described  in  section  3a of the  Commission's  Rules  of
      Informal and Other Procedures (17 CFR 202.3a)

                                                                             / /

      Date of  mailing  or wire  transfer  of  filing  fees to the  Commission's
      lockbox depository:

           

                                   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)*              Roger K. Viola
                          ---------------------------------------
                          Roger K. Viola, Vice President,
                          Assistant Secretary and General Counsel

Date        February 26, 1996
     -------------------------------

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



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                                                                       Exhibit 1
                                                                       ---------
[SBG LOGO]
- --------------------------------------------------------------------------------
Security Benefit Life Insurance Company                700 SW Harrison St.
Security Benefit Group, Inc.                           Topeka, Kansas 66636-0001
Security Distributors, Inc.
Security Management Company

February 13, 1996


First Security Benefit Life Insurance
and Annuity Company of New York
70 West Red Oak Lane, 4th Floor
White Plains, New York 10604


Dear Sir or Madam:

This  letter is in  reference  to the Rule  24f-2  Notice  for the T. Rowe Price
Variable  Annuity  Account of First Security  Benefit Life Insurance and Annuity
Company of New York ("T. Rowe Price  Variable  Annuity"),  File No.  33-83240 of
which First  Security  Benefit Life  Insurance  and Annuity  Company of New York
("FSBL") is the  Depositor.  Said Notice is being filed with the  Securities and
Exchange  Commission  for the purpose of making  definite in amount the Variable
Annuity  contracts  administered  within and by means of T. Rowe Price  Variable
Annuity which were sold pursuant to an indefinite registration.

I have  examined the Articles of  Incorporation  and bylaws of FSBL,  minutes of
meetings of its Board of Directors and other records,  and pertinent  provisions
of the New York insurance laws, together with applicable  certificates of public
officials  and  other  documents  which I have  deemed  relevant.  Based  on the
foregoing, it is my opinion that:

1.   FSBL is duly  organized  and  validly  existing  as a stock life  insurance
     company organized under the laws of the State of New York.

2.   T. Rowe Price Variable  Annuity  Account was validly  created as a separate
     account on November 11, 1994, in accordance  with the pertinent  provisions
     of the laws of the State of New York.

3.   FSBL has the power, and has validly and legally exercised it, to create and
     issue the Variable Annuity  contracts which are administered  within and by
     means of T. Rowe Price Variable Annuity.

4.   The amount of variable  annuity  policies sold  pursuant to the  indefinite
     registration  are fully  enforceable in accordance  with the terms by their
     respective   holders   providing   said   contracts  were  issued  for  the
     consideration set forth therein and evidenced by appropriate policies.

I hereby  consent to the  inclusion  in said Rule 24f-2  Notice of my  foregoing
opinion to be filed as Exhibit 1 thereto.

Respectfully submitted,

ROGER K. VIOLA

ROGER K. VIOLA
Senior Vice President, Secretary
and General Counsel



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