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FORM N-SAR
SEMI-ANNUAL REPORT
FOR REGISTERED INVESTMENT COMPANIES
Report for six month period ending: // (a)
of fiscal year ending: 12/31/98(b)
Is this a transition report? (Y/N) N
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Is this an amendment to a previous filing? (Y/N) N
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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: New England Variable Annuity Separate Account
B. File Number: 811-8828
C. Telephone Number: 617-578-2000
2. A. Street: 501 Boylston Street
B. City: Boston C. State: MA D. Zip Code: 02116
Zip Ext:
E. Foreign Country: Foreign Postal Code:
3. Is this the first filing on this form by Registrant? (Y/N) N
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4. Is this the last filing on this form by Registrant? (Y/N) N
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5. Is Registrant a small business investment company (SBIC)?
(Y/N)____________________________________________________ N
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[If answer is "Y" (Yes), complete only items 89 through 110.]
6. Is Registrant a unit investment trust (UIT)? (Y/N) _______ Y
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[If answer is "Y" (Yes) complete only items 111 through 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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For period ending 12/31/98 If filing more than File
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Number 811-8828 one Page 47, "X" box:
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UNIT INVESTMENT TRUSTS
111. A. Depositor Name: New England Life Insurance Company
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B. File Number (if any) ____________________________________
C. City: Boston State MA Zip Code 02116 Zip Ext.:_____
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Foreign Country: ___________ Foreign Postal Code: _______
111. A. Depositor Name: _________________________________________
B. File Number (If any): ________________
C. City: __________ State: _____ Zip Code:_____ Zip Ext.:___
Foreign County: ______________ 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: ______
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For period ending 12/31/98 If filing more than File
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Number 811-8828 one Page 48, "X" box:
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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: New England Securities Corporation
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B. File Number: 8- 13910
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C. City: Boston State: MA Zip Code: 02116 Zip Ext.: ____
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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 Accountant Name: Deloitte & Touche, LLP
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B. City: Boston State: MA Zip Code: 02110 Zip Ext.:_____
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Foreign Country: _______________ Foreign Postal Code: _____
115. A. Independent Public Accountant Name: _______________________
City: __________ State: _____ Zip Code: _____ Zip Ext.:____
Foreign Country: _______________ Foreign Postal Code:______
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For period ending 12/31/98 If filing more than File
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Number 811-8828 one Page 49, "X" box:
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116. Family of Investment companies information:
A. Is Registrant part of a family of investment companies?
(Y/N)_____________________________________________ N
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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) ____________________________________________ Y
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Y/N
If answer is "Y" (Yes), are any of the following types of
contracts funded by the Registrant?:
B. Variable annuity contracts? (Y/N) ___________________ Y
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Y/N
C. Scheduled premium variable life contracts? (Y/N) ____ N
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Y/N
D. Flexible premium variable life contracts? (Y/N) _____ N
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Y/N
E. Other types of insurance products registered under the
Securities Act of 1933? (Y/N) _______________________ N
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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 __________________________________ 1
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119. State the number of new series for which registration
statements under the Securities Act of 1933 became
effective during the period _____________________________ 0
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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 _______________ 1
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122. State the number of existing series for which additional
units were registered under the Securities Act of 1933
during the current period _______________________________ 0
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For period ending 12/31/98 If filing more than File
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Number 811-8828 one Page 50, "X" box:
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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 under writer during the current period solely from the sale
of units of all series of Registrant ($000's omitted) ___________$693
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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)__________________________________________ $________
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For period ending 12/31/98 If filing more than File
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Number 811-8828 one Page 50, "X" box:
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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 Assets 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 $835,648 $41,555
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K. Other securities ________ $__________ $____________
L. Total assets of
all series of
registrant 1 $835,648 $
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For period ending 12/31/98 If filing more than File
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Number 811-8828 one Page 51, "X" box:
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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
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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)
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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)_____________________
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Y/N
131. Total expenses incurred by all series of Registrant during the
current reporting period ($000's omitted) $5,372
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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-_____
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SIGNATURES
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This report is signed on behalf of the registrant in the City of Boston and
Commonwealth of Massachusetts on the 19th day of February, 1999.
New England Variable Annuity
Separate Account
By: New England Life Insurance
Company (Depositor)
Witness: /s/ Ellen Mitchell By: /s/ Marie C. Swift
Ellen Mitchell Marie C. Swift
Counsel and Assistant Secretary
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