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/Eagle Core Equity Series
JNL/Eagle SmallCap Equity 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:
December 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 0 $ 0
JNL Capital Growth Series 0 $ 0
JNL Global Equities Series 0 $ 0
JNL/Alger Growth Series 0 $ 0
JNL/Eagle Core Equity Series 100,000 $1,000,000
JNL/Eagle SmallCap Equity Series 100,000 $1,000,000
JNL/Phoenix Investment Counsel
Balanced Series 0 $ 0
JNL/Phoenix Investment Counsel
Growth Series 0 $ 0
PPM America/JNL High Yield Bond Series 0 $ 0
PPM America/JNL Money Market Series 163,490 $ 163,490
PPM America/JNL Value Equity Series 0 $ 0
Salomon Brothers/JNL Global Bond Series 0 $ 0
Salomon Brothers/JNL U.S. Government &
Quality Bond Series 0 $ 0
T. Rowe Price/JNL Established
Growth Series 0 $ 0
T. Rowe Price/JNL International Equity
Investment Series 0 $ 0
T. Rowe Price/JNL Mid-Cap Growth Series 0 $ 0
--------- ----------
363,490 $2,163,490
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 0 $ 0
JNL Capital Growth Series 0 $ 0
JNL Global Equities Series 0 $ 0
JNL/Alger Growth Series 0 $ 0
JNL/Eagle Core Equity Series 100,000 $1,000,000
JNL/Eagle SmallCap Equity Series 100,000 $1,000,000
JNL/Phoenix Investment Counsel
Balanced Series 0 $ 0
JNL/Phoenix Investment Counsel
Growth Series 0 $ 0
PPM America/JNL High Yield Bond Series 0 $ 0
PPM America/JNL Money Market Series 163,490 $ 163,490
PPM America/JNL Value Equity Series 0 $ 0
Salomon Brothers/JNL Global Bond Series 0 $ 0
Salomon Brothers/JNL U.S. Government &
Quality Bond Series 0 $ 0
T. Rowe Price/JNL Established
Growth Series 0 $ 0
T. Rowe Price/JNL International Equity
Investment Series 0 $ 0
T. Rowe Price/JNL Mid-Cap Growth Series 0 $ 0
--------- ----------
363,490 $2,163,490
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):
Not applicable
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):
$ 2,163,490
(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):
- 57,277,510
(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):
$ 0
(vi)Multiplier prescribed by Section 6(b) of the Securities
Act of 1933 or other applicable law or regulation (see
Instruction C.6):
x 1/3300
(vii)Fee due [line (i) or line (v) multiplied by line (vi)]:
$ 0
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:
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/ Andrew B. Hopping
Andrew B. Hopping
Vice President & Treasurer
Date: February 27, 1997
Blazzard, Grodd & Hasenauer, P.C.
943 Post Road East
Westport, Connecticut 06881
February 27, 1997
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 know as a
business trust. The Trust is a business trust created and
validly existing 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. O'Hara III
Raymond A. O'Hara III
