Form N-SAR
SEMI-ANNUAL REPORT
FOR REGISTERED INVESTMENT COMPANIES
Report for six month period ending: (a)
or fiscal year ending: 12/31/98 (b)
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: American Skandia Life Assurance Corporation,
Variable Account B - Class 3
B. File Number: 811-8884
C. Telephone Number: (203) 926-1888
2. A. Street: One Corporate Drive, 10th Floor
B. City: Shelton C. State: CT D. Zip Code: 06484
E. Zip Ext.: 0883
F. Foreign County Foreign Postal Code:
3. Is this 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 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?
SCREEN NUMBER: 01 PAGE NUMBER: 01 NEXT SCREEN:
<PAGE>
For period ending 12/31/98
File number 811- 8884
UNIT INVESTMENT TRUSTS
111. A. [_] Depositor Name:
B. [_] File Number (If any):
C. [_] City: State: Zip Code: Zip Ext.:
Foreign County: 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 County: Foreign Postal Code:
112. A. [_] Sponsor Name:
B. [_] File Number (If any):
C. [_] City: State: Zip Code: Zip Ext.:
Foreign County: Foreign Postal Code:
PAGE NUMBER: 43
<PAGE>
For period ending 12/31/98
File number 811- 8884
113. A. [_] Trustee Name:
B. [_] City: State: Zip Code: Zip Ext.:
Foreign County: Foreign Postal Code:
113. A. [_] Trustee Name:
B. [_] City: State: Zip Code: Zip Ext.:
Foreign County: Foreign Postal Code:
114. A. [_] Principal Underwriter Name:
B. [_] File Number: 8-
C. [_] City: State: Zip Code: Zip Ext.:
Foreign County: Foreign Postal Code:
114. A. [_] Principal Underwriter Name:
B. [_] File Number: 8-
C. [_] City: State: Zip Code: Zip Ext.:
Foreign County: Foreign Postal Code:
115. A. [_] Independent Public Accountant Name:
B. [_] City: State: Zip Code: Zip Ext.:
Foreign County: Foreign Postal Code:
115. A. [_] Independent Public Accountant Name:
B. [_] City: State: Zip Code: Zip Ext.:
Foreign County: Foreign Postal Code:
PAGE NUMBER: 44
<PAGE>
or period ending 12/31/98
File number 811- 8884
116. Family of investment companies information:
A. [_] Is Registrant part of a family of investment companies? (Y/N) 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
If answer is "Y" (Yes), are any of the following types
of contracts funded by the Registrant:
B. [_] Variable annuity contracts? (Y/N) Y
C. [_] Scheduled premium variable life contracts? (Y/N) N
D. [_] Flexible premium variable life contracts? (Y/N) N
E. [_] Other types of insurance products registered under
the Securities Act of 1933? (Y/N) 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
119. [_] State the number of new series for which registration
statements under the Securities Act of 1933 became effective
during the period 0
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) N/A
121. [_] State the number of series for which a current prospectus was in
existence at the end of the period 1
122. [_] State the number of existing series for which additional
units were registered under the Securities Act of 1933
during the current period 0
PAGE NUMBER 45
<PAGE>
For period ending 12/31/98
File number 811- 8884
123. [_] State the total value of the additional units considered in
answering item 122 ($000's omitted) $0
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) $0
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) $0
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) $0
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):
<TABLE>
<CAPTION>
Number of Total Assets Total Income
Series ($000's Distributions
Investing omitted) ($000's omitted)
<S> <C> <C> <C> <C>
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 $357,752 $ -0-
K. Other securities
L. Total assets of all series of Registrant $357,752
========
</TABLE>
PAGE NUMBER: 46
<PAGE>
For period ending 12/31/98
File number 811- 8884
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
[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) $2,733
132. [_] List the "811 (Investment Company Act of 1940) registration number for
all Series of Registrant that are being included in the filling.
PAGE NUMBER: 47
PAGE>
This report is signed on behalf of the depositor in the Town of Shelton,
County of Fairfield, and the State of Connecticut for the
AMERICAN SKANDIA LIFE ASSURANCE CORPORATION
VARIABLE ACCOUNT B - CLASS 3
By American Skandia Life Assurance Corporation
/s/ David R. Monroe, Senior Vice President
--------------------------------------
Corporate Treasurer and Controller
WITNESS:
/s/ Patricia E. Randol
Compliance Coordinator
PAGE>
This report is signed on behalf of the depositor in the Town of Shelton,
County of Fairfield, and the State of Connecticut for the
AMERICAN SKANDIA LIFE ASSURANCE CORPORATION
VARIABLE ACCOUNT B - CLASS 3
By American Skandia Life Assurance Corporation
___________________________________________
David R. Monroe, Senior Vice President
Corporate Treasurer and Controller
WITNESS:
_______________________
Patricia E. Randol
Compliance Coordinator
