U.S. SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 24F-2
Annual Notice of Securities Sold
Pursuant to Rule 24f-2
___________________________________________________________________________
1. Name and address of issuer: First SunAmerica Life Insurance Company
1 SunAmerica Center
Los Angeles, CA 90067
___________________________________________________________________________
2. Name of each series or class of funds
for which this notice is filed: FS Variable Separate Account
___________________________________________________________________________
3. Investment Company Act File Number: 811-8810
Securities Act File Number: 33-85014
____________________________________________________________________________
4. Last day of fiscal year for
which this notice is filed: November 30, 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: $ 0
_____________________________________________________________________________
8. Number and amount of securities registered during the fiscal year other
than pursuant to rule 24f-2: $ 0
_____________________________________________________________________________
9. Number and aggregate sale price of securities sold during the
fiscal year: 705,227 units $ 8,447,453
_____________________________________________________________________________
10. Number and aggregate sale price of securities sold during the
fiscal year in reliance upon registration pursuant to
rule 24f-2: 705,227 units $ 8,447,453
_____________________________________________________________________________
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
_____________________________________________________________________________
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:)
$ 8,447,453
________________________
(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):
- 13,468
________________________
(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):
8,433,985
________________________
(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)]:
$ 2,908.27
=========================
Instruction: Issuers should complete lines (ii), (iii), (iv), and (v) only
if the form is being filed within 60 days after the close of
the issuer's fiscal year. See Instruction C.3.
_____________________________________________________________________________
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).
[X]
Date of mailing or wire transfer of filing fees to the Commission's
lockbox depository: January 26, 1996
_____________________________________________________________________________
SIGNATURES
This report has been signed below by the following persons on behalf of the
issuer and in the capacities and the dates indicated.
By (Signature and Title) /s/ SCOTT L. ROBINSON
___________________________
Scott L. Robinson
Senior Vice President
and Treasurer
Date: January 25, 1996
____________________________________________________________________________
January 26, 1996
VIA EDGAR
Securities and Exchange Commission
450 Fifth Street, N.W.
Judiciary Plaza
Washington, D.C. 20549
RE: FS Variable Separate Account
First SunAmerica Life Insurance Company
File Nos. 33-85014 and 811-8810
Ladies and Gentlemen:
Based on a review of the relevant documents and materials
and on the basis of available information, the undersigned is of
the opinion that the securities issued during the fiscal year ended
November 30, 1995 by FS Variable Separate Account were legally
issued, fully paid and non-assessable.
I am a member of the Bar of the State of California and the
foregoing opinion is limited to the laws of the State of California
and the federal laws of the United States of America.
Very truly yours,
/s/ LORIN M. FIFE
Lorin M. Fife
Senior Vice President,
General Counsel and Assistant Secretary