<PAGE>
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/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: AUSA Life Insurance Company, Inc.
Separate Account C
B. File Number: 811-9062
C. Telephone Number: (502) 560-3009
2. A. Street: 666 Fifth Avenue
B. City: New York C. State: New York D. Zip Code: 10103 Zip Ext:
E. Foreign Country: Foreign Postal Code:
3. Is this the first filing on this form by Registrant? (Y/N) N
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. A. Is Registrant a series or multiple portfolio company? (Y/N)
[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?
SCREEN NUMBER: 01 PAGE NUMBER: 01
<PAGE>
For period ending 12/31/98 If filing more than one
File number 811-9062 Page 47, "X" box: [ ]
UNIT INVESTMENT TRUSTS
111. A. [/] Depositor Name: AUSA Life Insurance Company, Inc.
B. [/] File Number (If any):
C. [/] City: New York State: New York Zip Code: 10103 Zip Ext.:
[/] Foreign Country: Foreign Postal Code:
111. A. [/] Depositor Name:
B. [/] File Number (If any):
C. [/] City: State: Zip Code: Zip Ext.:
[/] Foreign Country: Foreign Postal Code:
112. A. [/] Sponsor Name:
B. [/] File Number (If any):
C. [/] City: State: Zip Code: Zip Ext.:
[/] Foreign Country: Foreign Postal Code:
112. A. [/] Sponsor Name:
B. [/] File Number (If any):
C. [/] City: State: Zip Code: Zip Ext.:
[/] Foreign Country: Foreign Postal Code:
SCREEN NUMBER: 55 PAGE NUMBER: 47
<PAGE>
For period ending 12/31/98 If filing more than one
File number 811-9062 Page 48, "X" box: [ ]
113. A. [/] Trustee Name:
B. [/] File Number (If any):
C. [/] City: State: Zip Code: Zip Ext.:
[/] Foreign Country: Foreign Postal Code:
113. A. [/] Trustee Name:
B. [/] File Number (If any):
C. [/] City: State: Zip Code: Zip Ext.:
[/] Foreign Country: Foreign Postal Code:
114. A. [/] Principal Underwriter Name:
B. [/] File Number: 8-_________
C. [/] City:Cedar Rapids State: IA Zip Code: 52499 Zip Ext.:0001
[/] Foreign Country: Foreign Postal Code:
114. A. [/] Principal Underwriter Name:
B. [/] File Number: 8-_________
C. [/] City: State: Zip Code: Zip Ext.:
[/] Foreign Country: Foreign Postal Code:
115. A. [/] Independent Public Accountant Name: Ernst & Young, LLP
B. [/] City: Des Moines State: IA Zip Code: 50309 Zip Ext.:
[/] Foreign Country: Foreign Postal Code:
115. A. [/] Independent Public Accountant Name:
B. [/] City: State: Zip Code: Zip Ext.:
[/] Foreign Country: Foreign Postal Code:
SCREEN NUMBER: 56 PAGE NUMBER: 48
<PAGE>
For period ending 12/31/98 If filing more than one
File number 811-9062 Page 49, "X" box: [ ]
116. Family of investment companies information:
A. [/] Is Registrant part of a family of investment companies (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?
If answer is "Y" (Yes), are any of the following types of contracts
funded By the Registrant?:
B. [/] Variable annuity contracts? (Y/N)
C. [/] Scheduled premium variable life contracts? (Y/N)
D. [/] Flexible premium variable life contracts? (Y/N)
E. [/] Other types of insurance products registered under the
Securities Act of 1933? (Y/N)
<TABLE>
<S> <C> <C>
118. [/] State the number of series existing at the end of the period
that had securities registered under the Securities Act of 1933 5
---------
119. [/] State the number of new series for which registration
statements under the Securities Act of 1933 became effective
during the period 1
---------
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) $ 0
---------
121. [/] State the number of series for which a current prospectus
was in existence at the end of the period 4
---------
122. [/] State the number of existing series for which additional
units were registered under the Securities Act of 1933
during the current period 5
---------
</TABLE>
SCREEN NUMBER: 57 PAGE NUMBER: 49
<PAGE>
For period ending 12/31/98 If filing more than one
File number 811-9062 Page 50, "X" box: [ ]
<TABLE>
<S> <C>
123. [/] State the total value of the additional units considered
in answering item 122 ($000's omitted) $2,933
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 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>
<TABLE>
<CAPTION>
Number of Total Assets Total Income
Series ($000's Distributions
Investing omitted) ($000's omitted)
--------- ------------ ---------------
<S> <C> <C> <C>
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
broker's or dealer's 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 5 $3,677 $53
K. Other securities $ $
L. Total assets of all series of registrant 5 $3,677 $53
</TABLE>
SCREEN NUMBER: 58 PAGE NUMBER :50
<PAGE>
For period ending 12/31/98 If filing more than one
File number 811-9062 Page 51, "X" box: [ ]
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)
[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)
[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)
131. Total expenses incurred by all series of Registrant during
the current reporting period ($000's omitted) $27
132. [/] List the "811" (Investment Company Act of 1940) registration number
for all Series of Registrant that are being included in this filing:
<TABLE>
<S> <C> <C> <C>
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-__________
</TABLE>
SCREEN NUMBER: 59 PAGE NUMBER: 51
<PAGE>
This report is signed on behalf of the registrant (or depositor or
trustee).
City of: Louisville State of: Kentucky Date: February 26, 1999
Name of Registrant, Depositor, or Trustee: AUSA Life Insurance Company, Inc.
Separate Account C
Witness: /s/ Michele A. Zabel By: /s/ Cindy L. Chanley
------------------------- ----------------------------
Vice President