PRINCIPAL MUTUAL LIFE INSURANCE COMPANY SEPARATE ACCOUNT B
N-4/A, 2000-06-30
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                                                      Registration No. 333-40254


                       SECURITIES AND EXCHANGE COMMISSION

                             Washington, D.C. 20549


                                    FORM N-4


             REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933

                      Pre-Effective Amendment No. _____ __1__

                     Post-Effective Amendment No. _____ _____


                                     and/or


         REGISTRATION STATEMENT UNDER THE INVESTMENT COMPANY ACT OF 1940

                             Amendment No. ___ _____

                        (Check appropriate box or boxes)

               Principal Life Insurance Company Separate Account B
--------------------------------------------------------------------------------
                           (Exact Name of Registrant)


                        Principal Life Insurance Company
--------------------------------------------------------------------------------
                               (Name of Depositor)

          The Principal Financial Group, Des Moines, Iowa              50392
--------------------------------------------------------------------------------
  (Address of Depositor's Principal Executive Offices)               (Zip Code)


Depositor's Telephone Number, including Area Code   (515) 248-3842


  M. D. Roughton, The Principal Financial Group, Des Moines, Iowa  50392
--------------------------------------------------------------------------------
                     (Name and Address of Agent for Service)

    The Registrant hereby amends this registration  statement on such date
    or dates as may be  necessary  to delay its  effective  date until the
    registrant  shall file a futher  amendment which  specifically  states
    that this registration  statement shall thereafter become effective in
    accordance  with Section 8(a) of the  Securities  Act of 1933 or until
    the registration  statement shall become effective on such date as the
    Commission, acting pursuant to said Section 8(a), may determine.

    Title of Securities  Being  Registered:  Principal  Flexible  Variable
    Annuity Contract with Purchase Payment Credit Rider


<PAGE>
                                   SIGNATURES

     Pursuant  to  the  requirements  of the  Securities  Act of  1933  and  the
Investment Company Act of 1940, the Registrant, Principal Life Insurance Company
Separate Account B, has duly caused this Amendment to the Registration Statement
to be signed on its behalf by the  undersigned  thereto duly  authorized  in the
City of Des Moines and State of Iowa, on the 30th day of June, 2000

                         PRINCIPAL LIFE INSURANCE COMPANY
                         SEPARATE ACCOUNT B

                                 (Registrant)


                         By:  PRINCIPAL LIFE INSURANCE COMPANY

                                 (Depositor)

                                  /s/ David J. Drury
                         By ______________________________________________
                              David J. Drury
                              Chairman

Attest:

/s/ Joyce N. Hoffman
-----------------------------------
Joyce N. Hoffman
Vice President and
  Corporate Secretary


As required by the  Securities Act of 1933,  this Amendment to the  Registration
Statement has been signed by the following  persons in the capacities and on the
date indicated.

Signature                          Title                           Date

/s/ D. J. Drury                Chairman and                   June 30, 2000
--------------------           Director
D. J. Drury


/s/ D. C. Cunningham           Vice President and             June 30, 2000
--------------------           Controller (Principal
D. C. Cunningham               Accounting Officer)


/s/ M. H. Gersie               Executive Vice President and    June 30, 2000
--------------------           Chief Financial Officer
M. H. Gersie                   (Principal Financial Officer)


  (B. J. Bernard)*             Director                       June 30, 2000
--------------------
B. J. Bernard


  (J. Carter-Miller)*          Director                       June 30, 2000
--------------------
J. Carter-Miller


  (C. D. Gelatt, Jr.)*         Director                       June 30, 2000
--------------------
C. D. Gelatt, Jr.


  (J. B. Griswell)*            Director                       June 30, 2000
--------------------
J. B. Griswell


  (C. S. Johnson)*             Director                       June 30, 2000
--------------------
C. S. Johnson


  (W. T. Kerr)*                Director                       June 30, 2000
--------------------
W. T. Kerr


  (L. Liu)*                    Director                       June 30, 2000
--------------------
L. Liu


  (V. H. Loewenstein)*         Director                       June 30, 2000
--------------------
V. H. Loewenstein


  (R. D. Pearson)*             Director                       June 30, 2000
--------------------
R. D. Pearson


  (F. F. Pena)*                Director                       June 30, 2000
--------------------
F. F. Pena


  (J. R. Price)*               Director                       June 30, 2000
--------------------
J. R. Price, Jr.


  (D. M. Stewart)*             Director                       June 30, 2000
--------------------
D. M. Stewart


  (E. E. Tallett)*             Director                       June 30, 2000
--------------------
E. E. Tallett


  (F. W. Weitz)*               Director                       June 30, 2000
--------------------
F. W. Weitz


                           *By    /s/ David J. Drury
                                  ------------------------------------
                                  David J. Drury
                                  Chairman

                                  Pursuant to Powers of Attorney
                                  Previously Filed or Included Herein


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