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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: THE TRAVELERS VARIABLE LIFE INSURANCE
SEPARATE ACCOUNT THREE
2.Name of Each Series or Class of Funds For Which This Notice
is Filed:
3.Investment Company Act File Number: 811-8950
Securities Act File Number: 33-88576
4.Last Day of Fiscal Year For Which This Notice is Filed:
DECEMBER 31, 1997
5.Check Box if this notice is being filed more than 180 days
after the close of the issuer's fiscal year for purposes of
reporting securities sold after the close of the fiscal year
but before termination of the issuer's 24f-2 declaration: [ ]
6.Date of termination of issuer's declaration under Rule
24f-2(a)(1) if applicable (see Instruction A.6):
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:
0
8.Number and amount of securities registered during the
fiscal year other than pursuant to Rule 24f-2:
0
9.Number and aggregate sale price of securities sold during
the fiscal year:
20,821,249 / $24,754,152
10.Number and aggregate sale price of securities sold during
the fiscal year in reliance upon registration pursuant to
Rule 24f-2:
20,821,249 / $24,754,152
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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):
12.Calculation of registration fee:
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<S> <C> <C>
(I) Aggregate sale price of securities
sold during the fiscal year in
reliance on rule 24f-2 (from Item 10): $ 24,754,152
(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
- 16,796,317
(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
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(v) Net aggregate price of securities sold
and issued during the fiscal year in
reliance on rule 24f2[line(i), plus
line (ii), less line (iii), plus line
(iv)] if (applicable): 7,957,835
(vi) Multiplier prescribed by Section 6(b)
of the Securities Act of 1933 or other
applicable law or regulation
(see instruction C.6): X.000295
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(vii) Fee due [line (i) or line (v) multiplied
by line (vi)]: $ 2,347.56
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</TABLE>
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Instruction: Issuers should complete lines (ii), (iii),
(iv), and (v) only if the form is being filed
within 60 days after the close of the issuer's
fiscal year. See instruction C.3.
13. Check box if fees are being remitted to the Commission's
lockbox depository as described in section 3a of the
Commission's Rules of Informal and Other Procedures
(17 CFR 202.3a). [ ]
Date of mailing or wire transfer of filing fees to the
Commission's lockbox depository: February 26, 1998
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/ Kathleen A. McGah
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Counsel and Assistant Secretary
-----------------------------------------
Date: 2/26/98
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* Please print the name and title of the signing
officer below the signature.
OPINION OF COUNSEL
Re: Rule 24f-2 Notice for The Travelers Variable Life
Insurance Separate Account Three; File No.33-88576
With regard to the Rule 24f-2 Notice filed by The Travelers
Variable Life Insurance Separate Account Three covering
variable universal life insurance contracts, I have
examined such documents and such law as I have
considered necessary and appropriate, and on the basis of
such examination, it is my opinion that:
1.The Travelers Insurance Company is duly organized
and existing under the laws of the State of Connecticut
and has been duly authorized to do business and to
issue variable universal life insurance contracts by the
Insurance Commissioner of the State of Connecticut.
2.The Travelers Variable Life Insurance Separate
Account Three is a duly authorized and validly
existing separate account established pursuant to
Section 38a-433 of the Connecticut General
Statutes.
3.The variable universal life insurance contracts
issued are valid, legal and binding obligations of The
Travelers Insurance Company; the securities are
legally issued, fully paid and non-assessable.
4.Assets of The Travelers Variable Life Insurance
Separate Account Three are not chargeable with
liabilities arising out of any other business which The
Travelers Insurance Company may conduct.
/s/ Kathleen A. McGah
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Counsel and Assistant Secretary
The Travelers Insurance Company
Dated: February 26, 1998
