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:
United Companies Separate Account One
8545 United Plaza Boulevard
Baton Rouge, LA 70809-2251
2. Name of each series or class of funds for which this notice is filed:
United Companies Separate Account One
3. Investment Company Act File Number:
811-9026
Securities Act File Number:
33-91362
33-95778
4. Last day of fiscal year for which this notice is filed:
December 31, 1995
5. Check box if this notice is being filed more than 180 days after the close
of the insurer'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): 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: NONE
8. Number and amount of securities registered during the fiscal year other
than pursuant to rule 24f-2: NONE
9. Number and aggregate sale price of securities sold during the fiscal year:
Number = 20,925 Amount = $209,570
10. Number and aggregate sale price of securities sold during the fiscal year
in reliance upon registration pursuant to rule 24f-2:
Number = 20,925 Amount = $209,570
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): NONE
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):
SA premiums $ 209,570
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(ii) Aggregate price of shares issued in connection with dividend
reinvestment plans (from Item 11, if applicable):
Fund Manager Statements + 0
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(iii) Aggregate price of shares redeemed or repurchased during the
fiscal year (if applicable):
Fund Manager Statements (M&E redempt ledger) - 0
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(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 24f-2 [line (I), plus line (ii), less line
(iii), plus line (iv](if applicable):
$ 209,570
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(vi) Multiplier prescribed by Section 6(b) of the Securities Act of
1933 or other applicable law or regulation (see Instruction C.6):
1/2900 x .00034483
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(vii) Fee due [line (I) or line (v) multiplied by line (vi)]:
$ 73
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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 (17CFR 202.3a).
[X]
Date of mailing or wire transfer of filing fees to the Commission's lockbox
depository:
February 21, 1996 and February 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.(Signature and Title)*
/s/ DONALD M. WOODARD
------------------------------
Donald M. Woodard
Senior Vice President & Controller
Date: February 16, 1996
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* Please print the name and title of the signing officer below the signature.
Blazzard, Grodd & Hasenauer, P.C.
943 Post Road East
Westport, CT 06880
(203) 226-7866
February 23, 1996
Board of Directors
United Companies Life Insurance Company
8545 United Plaza Boulevard
Baton Rouge, Louisiana 70809-2251
Re: Opinion of Counsel - United Companies Separate Account One
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 United
Companies Separate Account one.
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. United Companies Separate Account One is a Unit Investment Trust as that
term is defined in Section 4(2) of the Investment Company Act of 1940 (the
"Act"), and is currently registered with the Securities and Exchange
Commission, pursuant to Section 8(a) of the Act.
2. Upon the acceptance of purchase payments made by a contract owner pursuant
to a Contract issued in accordance with the Prospectus contained in the
Registration Statement and upon compliance with applicable law, such contract
owner will have a legally-issued, fully paid and non-assessable contractual
interest in United Companies Separate Account One.
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/ LYNN KORMAN STONE
-----------------------------
Lynn Korman Stone
