OMB APPROVAL
OMB Number: 3235-0330
Expires: May 31, 1997
Estimated average burden
hours per response..15.00
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM N-SAR
SEMI - ANNUAL REPORT
FOR REGISTERED
INVESTMENT COMPANIES
FORM N-SAR
SEMI-ANNUAL REPORT
FOR REGISTERED INVESTMENT COMPANIES
Report for six month period ending: // (a)
or fiscal year ending: 12/31/95 (b)
Is this a transition report? (Y/N) N
Is this an amendment to a previous filing? (Y/N) N
Those items or sub-items with a box "[/]" after the item number should be
completed only if the answer has changed from the previous filing on this
form.
1. A. Registrant Name: United Companies Separate Account One
B. File Number: 811-9026
C. Telephone Number: 504-924-6007
2. A. Street: 8545 United Plaza Boulevard
B. City: Baton Rouge
C. State: LA D. Zip Code: 70809 Zip ext: 2251
E. Foreign Country: Foreign Postal Code:
3. Is this the first filing on this form by Registrant? (Y/N) Y
4. Is this the last filing on this form by Registrant? (Y/N) N
5. Is Registrant a small business investment company (SBIC)? (Y/N) N
If answer is "Y" (Yes), complete only items 89 through 110.]
6. Is Registrant a unit investment trust (UIT)? (Y/N) Y
[If answer is "Y" (Yes) complete only items 111 through 132.]
7. through 110. Not applicable
UNIT INVESTMENT TRUSTS
111. A. [/] Depositor Name: United Companies Life Insurance Company
B. [/] File Number (If any):
C. [/] City: Baton Rouge State: LA Zip Code: 70809 Zip ext: 2251
[/] Foreign Country: Foreign Postal Code:
112. A. [/] Sponsor Name: Not applicable
B. [/] File Number (If any)
C. [/] City: State: Zip Code: Zip ext:
[/] Foreign Country: Foreign Postal Code:
113. A. [/] Trustee Name: Not applicable
B. [/] City: State: Zip Code: Zip ext:
[/] Foreign Country: Foreign Postal Code:
114. A. [/] Principal Underwriter Names: United Variable Services, Inc.
B. [/] File Number: 8-48121
C. [/] City: Baton Rouge State: LA Zip Code: 70809 Zip ext: 2251
[/] Foreign Country: Foreign Postal Code:
115. A. [/] Independent Public Accountant Name: Deloitte & Touche LLP
B. [/] City: Baton Rouge State: LA Zip Code: 70809 Zip ext: 2265
116. Family of investment companies information:
A. [/] Is Registrant part of a family of investment companies? (Y/N) 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
If answer is "Y" (Yes), are any of the following types of contracts funded by
the Registrant?:
B. [/] Variable annuity contracts? (Y/N) Y
C. [/] Scheduled premium variable life contracts? (Y/N) N
D. [/] Flexible premium variable life contracts? (Y/N) N
E. [/] Other types of insurance products registered under the
Securities Act of 1933? (Y/N) N
118. [/] State the number of series existing at the end of the period that had
securities registered under the Securities Act of 1933: one
119. [/] State the number of new series for which registration statements
under the Securities Act of 1933 became effective during the period: one
120. [/] State the total value of the portfolio securities on the date of
deposit for the new series included in item 119 ($000's omitted): $13
121. [/] State the number of series for which a current prospectus was in
existence at the end of the period: one
122. [/] State the number of existing series for which additional units were
registered under the Securities Act of 1933 during the current period: one
123. [/] State the total value of the additional units considered in answering
item 122 ($000's omitted): $ -0-
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): $-0-
125. [/] State the total dollar amount of sales loads collected (before
reallowances to other 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): $-0-
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 on units of a prior series placed
in the portfolio of a subsequent series.)($000's omitted): $-0-
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):
<TABLE>
<CAPTION>
<S> <C> <C> <C>
Number of Total Income
Series Total Assets Distributions
Investing ($000's omitted) ($000's omitted)
--------- ----------------- -----------------
A. U.S. Treasury direct issue
B. U.S. Government agency
C. State and municipal tax-free
D. Public utility debt
E. Brokers or dealers debt or debt
of brokers' or dealers' parent
F. All other corporate interned &
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 one $ 211 $ 0
K. Other securities
L. Total assets of all series of registrant one $ 211 $ 0
</TABLE>
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) N
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) N
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) N
131. [/] Total expenses incurred by all series of Registrant during the
current reporting period ($000's omitted): $-0-
132. [/] List the "811" (Investment Company Act of 1940) registration number
for all Series of Registrant that are being included in this filing:
This report is signed on behalf of the registrant, United Companies Separate
Account One.
City of: Baton Rouge State of: Louisiana Date: February 28, 1996
UNITED COMPANIES SEPARATE ACCOUNT ONE
BY: /s/ DONALD M. WOODARD
________________________________________
Donald M. Woodard
Senior Vice President and Controller
WITNESS: /s/ SUSAN M. LAPINSKI
_____________________________________
Susan H. Lapinski
Assistant Vice President
