VARIFLEX LS
497J, 1997-05-05
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[SBG LOGO]
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Security Benefit Life Insurance Company                700 SW Harrison St.
Security Benefit Group, Inc.                           Topeka, Kansas 66636-0001
Security Distributors, Inc.                            (913) 295-3000
Security Management Company

May 5, 1997


Securities and Exchange Commission
450 Fifth Street, NW
Judiciary Plaza
Washington, DC 20549


Re:  VARIFLEX LS
     File Nos.:  33-85592 and 811-8836


Dear Sir or Madam:

In accordance  with the  provisions of Rule 497(j) under the  Securities  Act of
1933, please accept this letter as certification that the Variflex LS Prospectus
and Statement of  Additional  Information  do not differ from that  contained in
Post-Effective  Amendment No. 3 to the  Registration  Statement  filed under the
Securities Act of 1933 and  Post-Effective  Amendment No. 4 to the  Registration
Statement filed under the Investment  Company Act of 1940.  This  Post-Effective
Amendment was filed electronically on May 1, 1997.

If  you  have  any  questions  concerning  this  filing,  please  contact  me at
(913) 295-3321.

Very truly yours,

CHRIS SWICKARD

Chris Swickard
Assistant Vice President and Assistant Counsel
Security Benefit Life Insurance Company

Enclosures



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