Annual Notice of Securities Sold Pursuant to Rule 24F-2
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:
JNL Series Trust
5901 Executive Drive
Lansing, Michigan 48911
2. Name of each series or class of funds for which this notice is filed:
JNL Aggressive Growth Series
JNL Capital Growth Series
JNL Global Equities Series
JNL/Alger Growth Series
JNL/Phoenix Investment Counsel Balanced Series
JNL/Phoenix Investment Counsel Growth Series
PPM America/JNL High Yield Bond Series
PPM America/JNL Money Market Series
PPM America/JNL Value Equity Series
Salomon Brothers/JNL Global Bond Series
Salomon Brothers/JNL U.S. Government & Quality Bond Series
T. Rowe Price/JNL Established Growth Series
T. Rowe Price/JNL International Equity Investment Series
T. Rowe Price/JNL Mid-Cap Growth Series
3. Investment Company Act File Number:
811-8894
Securities Act File Number:
33-87244
4. Last day of fiscal year for which this notice is filed:
March 31, 1996
5. Check box if this notice is being filed more than 180 days after the close
of the issuers fiscal year for the purposes of reporting securities sold
after the close of the fiscal year but before termination of the issuers
24f-2 declaration:
6. Date of termination of issuers declaration under rule 24f-2(a)(1), if
applicable (see Instruction A.6):
Not applicable
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:
Not applicable
8. Number and amount of securities registered during the fiscal year other
than pursuant to rule 24f-2:
Not applicable
9. Number and aggregate sale price of securities sold during the fiscal year:
SHARES SALE PRICE
------- ----------
JNL Aggressive Growth Series 500,000 $ 5,000,000
JNL Capital Growth Series 500,000 $ 5,000,000
JNL Global Equities Series 1,000,000 $10,000,000
JNL/Alger Growth Series 500,000 $ 5,000,000
JNL/Phoenix Investment Counsel
Balanced Series 200,000 $ 2,000,000
JNL/Phoenix Investment Counsel
Growth Series 100,000 $ 1,000,000
PPM America/JNL High Yield Bond Series 500,000 $ 5,000,000
PPM America/JNL Money Market Series 5,000,000 $ 5,000,000
PPM America/JNL Value Equity Series 200,000 $ 2,000,000
Salomon Brothers/JNL Global Bond Series 500,000 $ 5,000,000
Salomon Brothers/JNL U.S. Government &
Quality Bond Series 200,000 $ 2,000,000
T. Rowe Price/JNL Established
Growth Series 500,000 $ 5,000,000
T. Rowe Price/JNL International Equity
Investment Series 2,000,000 $20,000,000
T. Rowe Price/JNL Mid-Cap Growth Series 500,000 $ 5,000,000
--------- -----------
12,200,000 $77,000,000
10. Number and aggregate sale price of securities sold during the fiscal
year in reliance upon registration pursuant to rule 24f-2:
SHARES SALE PRICE
------- ----------
JNL Aggressive Growth Series 500,000 $ 5,000,000
JNL Capital Growth Series 500,000 $ 5,000,000
JNL Global Equities Series 1,000,000 $10,000,000
JNL/Alger Growth Series 500,000 $ 5,000,000
JNL/Phoenix Investment Counsel
Balanced Series 200,000 $ 2,000,000
JNL/Phoenix Investment Counsel
Growth Series 100,000 $ 1,000,000
PPM America/JNL High Yield Bond Series 500,000 $ 5,000,000
PPM America/JNL Money Market Series 5,000,000 $ 5,000,000
PPM America/JNL Value Equity Series 200,000 $ 2,000,000
Salomon Brothers/JNL Global Bond Series 500,000 $ 5,000,000
Salomon Brothers/JNL U.S. Government &
Quality Bond Series 200,000 $ 2,000,000
T. Rowe Price/JNL Established
Growth Series 500,000 $ 5,000,000
T. Rowe Price/JNL International Equity
Investment Series 2,000,000 $20,000,000
T. Rowe Price/JNL Mid-Cap Growth Series 500,000 $ 5,000,000
--------- -----------
12,200,000 $77,000,000
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):
SHARES SALE PRICE
------- ----------
JNL Aggressive Growth Series 17,042 $ 204,500
JNL Capital Growth Series 33,678 $ 421,315
JNL Global Equities Series 29,140 $ 366,000
JNL/Alger Growth Series 0 $ 0
JNL/Phoenix Investment Counsel
Balanced Series 8,765 $ 96,944
JNL/Phoenix Investment Counsel
Growth Series 10,154 $ 117,384
PPM America/JNL High Yield Bond Series 26,992 $ 272,075
PPM America/JNL Money Market Series 227,037 $ 227,037
PPM America/JNL Value Equity Series 5,389 $ 64,340
Salomon Brothers/JNL Global Bond Series 29,351 $ 297,035
Salomon Brothers/JNL U.S. Government &
Quality Bond Series 7,442 $ 76,726
T. Rowe Price/JNL Established
Growth Series 64,386 $ 692,795
T. Rowe Price/JNL International Equity
Investment Series 0 $ 0
T. Rowe Price/JNL Mid-Cap Growth Series 21,450 $ 265,760
---------- ------------
480,826 $ 3,101,911
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):
$ 77,000,000
(ii) Aggregate price of shares issued in connection with dividend
reinvestment plans (from Item 11, if applicable):
+ 3,101,911
(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):
$ 80,101,911
(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)]:
$ 27,621.35
13. Check box if fees are being remitted to the Commissions lockbox
depository as described in section 3a of the Commissions Rule of Informal
and Other Procedures (17 CFR 202.3a).
Date of mailing or wire transfer of filing fees to the Commissions lockbox
depository:
May 28, 1996
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) /s/ Paul B. (Pete) Pheffer
Paul B. (Pete) Pheffer
Vice President, Treasurer & Chief Financial Officer
Date: May 28, 1996
Blazzard, Grodd & Hasenauer, P.C.
Attorneys at Law 943 Post Road East
Westport, Connecticut 06881-5108
Norse N. Blazzard Telephone (203) 226-7866
Leslie E. Grodd Facsimile (203) 454-4028
Judith A. Hasenauer
William E. Hasenauer Suite 213, Oceanwalk Mall
Raymond A. OHara III 101 North Ocean Drive
Lynn Korman Stone Hollywood, Florida 33019
Telephone (305) 920-4864
Facsimile (305) 920-6902
May 30, 1996
Board of Trustees
JNL Series Trust
5901 Executive Drive
Lansing, Michigan 48911
Re: Opinion of Counsel - JNL Series Trust
Gentlemen:
You have requested our Opinion of Counsel in connection with the filing
with the Securities and Exchange Commission of Form 24F-2 with respect to JNL
Series Trust.
We have made such examination of the law and have examined such records
and documents as in our judgment are necessary or appropriate to enable us to
render the opinions expressed below.
We are of the following opinions:
1. JNL Series Trust(Trust) is a valid and existing unincorporated
voluntary association, commonly known as a business trust. The Trust is a
business trust created and validly exiting pursuant to Massachusetts Laws.
2. Upon the acceptance of purchase payments made by shareholders in
accordance with the Prospectus contained in the Registration Statement and
upon compliance with applicable law, such shareholders will have legally-
issued, fully paid, non-assessable shares of the Trust.
This opinion is limited solely to its use as an exhibit to your Form
24F-2 filed pursuant to Rule 24f-2.
Sincerely,
BLAZZARD, GRODD & HASENAUER, P.C.
By: /s/ Raymond A. OHara III
Raymond A. OHara III
