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:
Principal Life Insurance Company Separate Account B
The Principal Financial Group
Des Moines, IA 50392-0200
2 The name of each series or class of securities for which this Form is
filed (If the Form is being filed for all series and classes of
securities of the issues, check the box but do not list series or
classes): X
3 Investment Company Act File Number: 811-02091
Securities Act File Number: 02-37988, 02-78001, 33-74232,
33-44670, 33-44565
4 a Last day of fiscal year for which this notice if filed:
12/31/1998
4 b Check this box if this Form is being filed late (i.e., more than 90
calendar days after the end of the issuer's fiscal year). (See
Instruction A.2)
N/A
Note: If the Form is being filed late, interest must be paid on the
registration fee due.
4 c Check box if this is the last time the issuer will be filing this Form.
N/A
5 Calculation of registration fee:
(i) Aggregate sale price of securities sold during the
fiscal year in reliance on rule 24f-2:
02-37988 $378,745
02-78001 926,389
33-44565 16,639,699
33-44670 152,272,905
33-74232 795,760,508
965,978,246
(ii) Aggregate price of share redeemed or
repurchased during the fiscal year:
02-37988 1,019,158
02-78001 3,137,696
33-44565 9,736,371
33-44670 108,658,840
33-74232 411,545,622
534,097,687
(iii) Aggregate price of shares redeemed or
repurchased during any prior fiscal year ending no
earlier than October 11, 1995 that were not
previously used to reduce registration fees
payable to the Commission: 0
(iv) Total available redemption credits
[Add items 5(ii) and 5(iii)]: 534,097,687
(v) Net Sales - If Item 5(i) is greater than Item 5(iv)
[subtract Item 5(iv) from Item 5(i)]: 431,880,559
(vi) Redemption credits available for use in future years
-- if Item 5(i) is less than Item 5(iv) [subtract Item
5(iv) from Item 5(i)]" N/A
(vii) Multiplier for determining registration fee (See
Instruction c.9): 0.000278
(viii) Registration fee due [Multiply Item 5(v) by Item
5(vii)] (enter "0" if no fee is due): 120,062.80
6 Prepaid Shares
If the response to Item 5(i) was determined by deducting an amount of
securities that were registered under the Securities Act of 1933
pursuant to rule 24e-2 as in effect before [effective date of
rescisision of rule 24e-2], then report the amount of securities
(number of shares or other units) deducted here: ____________. If
there is a number of shares or other units that were registered
pursuant to rule 24e-2 remaining unsold at the end of the fiscal year
for which this form is filed that are available for use by the issuer
in future fiscal years, then state the number here: ____________.
7 Interest due-if this Form is being filed more than 90 days after the
end of the issuer's fiscal year (see Instruction D): + 0
8 Total of the amount of the registration fee due plus any interest due
[line 5(viii) plus line 7]:
120,062.80
9 Date the registration fee and any interest payment was sent to the
Commission's lockbox depository:
3/5/1999
Method of Delivery:
X Wire Transfer
N/A Mail or other means
THE 24F-2 FEE IS PAID BY 33-44565.
Signature
This report has been signed below by the following persons on behalf of the
issuer and in the capacities and on the dates indicated:
Principal Life Insurance Company Separate Account B
By /s/ Joyce Hoffman
Joyce Hoffman Vice President and Corporate Secretary
Date: 5th day of March, 1999
