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 a transition report? (Y or N): N
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Is this an amendment to a previous filing? (Y or N): N
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Those items or sub-items with a box "|_|" after the item number
1. A) Registrant Name: Phoenix Home Life Variable Accumulation Account
B) File Number: 811-08914
C) Telephone Number: (860) 403-6144
2. A) Street: One American Row
B) City: Hartford C) State: CT D) Zip Code: 06115 Zip Ext.:
E) Foreign Country: Foreign Postal Code:
3. Is this the first filing on this form by the Registrant? (Y or N) N
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4. Is this the last filing on this form by the Registrant? (Y or N) N
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5. Is Registrant a small business investment company (SBIC)? (Y or 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 or 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 or N)
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(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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SCREEN NUMBER: 01 PAGE NUMBER: 01
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If filing more than one
Page 49, "X" box: |_|
For period ending 12-31-98
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File number 811- 08914
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116. Family of investment companies information:
A. |_| Is Registrant part of a family of investment companies? (Y/N)
- ---
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/N
If answer is "Y" (Yes), are any of the following types of contracts
funded
by the Registrant?:
B. |_| Variable annuity contracts? (Y/N)
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Y/N
C. |_| Scheduled premium variable life contracts? (Y/N)
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Y/N
D. |_| Flexible premium variable life contracts? (Y/N)
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Y/N
E. |_| Other types of insurance products registered under the
Securities Act of 1933? (Y/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
16
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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
6
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120. |_| State the total value of portfolio securities on the date of
deposit for the new series included in item 119 ($000's
omitted)$30,623
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121. |_| State the number of series for which a current prospectus was in
existence at the end of the period
22
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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
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SCREEN NUMBER: 57 PAGE NUMBER: 49
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<PAGE>
If filing more than one
Page 50, "X" box: |_|
For period ending 12-31-98
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File number 811- 08914
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123. |_| State the total value of additional units considered in
answering item 119 ($000's omitted) $
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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 toher 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) $
- ----
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 oHn units of a prior
series placed in the portfolio of a subsequent series.) ($000's $
omitted)
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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 or 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 22 $ 782,139 $ 6,630
-------- -------- --------
K. Other securities $ $
-------- -------- --------
L. Total assets of all series of
registrant $ $
-------- -------- --------
SCREEN NUMBER: 58 PAGE NUMBER: 50
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<PAGE>
If filing more than one
Page 51, "X" box: |_|
For period ending 12-31-98
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File number 811- 08914
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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)
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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)
$7,524
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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-
-------- -------- -------- -------- --------
SCREEN NUMBER: 59 PAGE NUMBER: 51
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[LETTERHEAD] Phoenix Home Life Mutual Insurance Company
[LOGO] PHOENIX MICHAEL D. MARSHALL, CLU,
ChFC
Second Vice President
Variable Products Operations
SIGNATURE PAGE
This report is signed on behalf of the registrant in the City of Hartford and
State of Connecticut on the 26th day of February, 1998.
PHOENIX HOME LIFE VARIABLE ACCUMULATION ACCOUNT
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Registrant
Witness /s/Dorothy H. Benedetti
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By: /s/Michael Marshall
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Michael Marshall
Second Vice President
Variable Products Operations
