<PAGE>
As Filed with the Securities and Exchange Commission on September 12, 1997.
Acacia National Variable Life Insurance Separate Account I
of Acacia National Life Insurance Company
Semi-Annual Report on Form N-30D
This semi-annual report on Form N-30D is being filed on behalf of
Acacia National Variable Life Insurance Separate Account I (File No. 811-
08998) for the period ended June 30, 1997. Included in this filing is the
letter to policyholders dated August 30, 1997, which accompanied the semi-
annual report as mailed to policyholders on September 5, 1997. The
information required to be contained in this report is incorporated by
reference from the following previously filed semi-annual reports for the
underlying funds of the registrant:
1. The Alger American Fund, File No. 811-05550, Form N-30D, Filed
September 3, 1997, Accession No. 0000930413-97-000507.
2. Calvert Responsibly Invested Series, File No. 811-03591, Form N-30D,
Filed August 27, 1997, Accession No. 0000708950-97-000012.
3. Dreyfus Stock Index Fund, File No. 811-05719, Form N-30D, Filed
August 28, 1997, Accession No. 0000846800-97-000008.
4. Neuberger & Berman Advisers Management Trust Growth Portfolio, File
No. 811-04255, Form N-30D, Filed August 26, 1997, Accession No.
0000912057-97-029065.
5. Neuberger & Berman Advisers Management Trust Limited Maturity Bond
Portfolio, File No. 811-04255, Form N-30D, Filed August 26, 1997,
Accession No. 0000912057-97-029069.
6. Oppenheimer Variable Account Funds, File No. 811-04108, Form N-30D,
Filed September 5, 1997, Accession No. 0000912057-97-030047.
7. The Strong Discovery Fund II, Strong Variable Insurance Funds, Inc.,
File No. 811-06553, Form N-30D, Filed September 3, 1997, Accession
No. 0000883644-97-000041.
8. The Strong International Stock Fund II, Strong Variable Insurance
Funds, Inc., File No. 811-06553, Form N-30D, Filed September 5, 1997,
Accession No. 0000883644-97-000050.
9. The Strong Advantage Fund II, Strong Variable Insurance Funds, Inc.,
File No. 811-06553, Form N-30D, Filed September 3, 1997, Accession
No. 0000883644-97-000039.
10. The Strong Asset Allocation Fund II, Strong Variable Insurance Funds,
Inc., File No. 811-06553, Form N-30D, Filed September 3, 1997,
Accession No. 0000883644-97-000040.
11. Worldwide Hard Assets Fund, Van Eck Worldwide Insurance Trust, File
No. 811-05083, Form N-30D, Filed August 22, 1997, Accession No.
0000950123-97-007203.
2<PAGE>
THE ACACIA GROUP
7315 Wisconsin Avenue
Bethesda, Maryland 20814
August 30, 1997
Dear Allocator 2000 and Allocator 2000 Annuity Policyholder:
Enclosed are the semi-annual reports for the funds available through Acacia
National's Variable Life Insurance Policy, Allocator 2000 and Variable
Annuity Policy, Allocator 2000 Annuity. These reports are sent on a semi-
annual basis to policyholders of record on June 30 and December 31 of the
respective purchase year.
In an effort to provide you with complete information pertaining to the
funds, we have included the semi-annual reports for all of the funds
available and not just those you currently have elected to allocate funds
into.
Should you have any questions, please contact your registered
representative or the Variable Product Service Center at 1-800-369-9407.
Sincerely,
/s/ Michele Dupre
Michele Dupre
2nd Vice President
Marketing Communications
3<PAGE>