TRANSAMERICA CORP
S-8 POS, 1998-08-10
LIFE INSURANCE
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<PAGE>
 
         As filed with the Securities and Exchange Commission on August 10, 1998

                                                        Registration No. 2-63874

                      SECURITIES AND EXCHANGE COMMISSION
                            Washington, D.C. 20549



                       POST-EFFECTIVE AMENDMENT NO. 1 TO
                                   FORM S-8
                            REGISTRATION STATEMENT
                                   UNDER THE
                            SECURITIES ACT OF 1933

                           TRANSAMERICA CORPORATION
              (Exact name of issuer as specified in its charter)


                   DELAWARE                          94-0932740
          (State or jurisdiction of       (I.R.S. Employer Identification No.)
       incorporation or organization)


            600 MONTGOMERY STREET, SAN FRANCISCO, CALIFORNIA 94111
                   (Address of Principal Executive Offices)



                TRANSAMERICA CORPORATION 1979 STOCK OPTION PLAN
                           (Full Title of the Plan)

                           Shirley H. Buccieri, Esq.
             Senior Vice President, General Counsel and Secretary
                           Transamerica Corporation
            600 Montgomery Street, San Francisco, California 94111
                    (Name and address of agent for service)
          Telephone number, including area code of agent for service:
                                (415) 983-4000


                                  Copies to:
                             John E. Aguirre, Esq.
                       Orrick, Herrington & Sutcliffe LLP
                       Old Federal Reserve Bank Building
                              400 Sansome Street
                        San Francisco, California 94111
<PAGE>
 
                           DEREGISTRATION OF SHARES


Effective as of January 2, 1998, the Registrant amended its 1979 Stock Option
Plan (the "Plan") to provide that no further option grants may be made under the
Plan.  This Post-Effective Amendment No. 1 to the Registrant's Registration
Statement on Form S-8 (Commission File No. 2-63874) is filed to deregister all
shares previously registered on such Form S-8 that remain unsold.
<PAGE>
 
                                   Signature

THE REGISTRANT

Pursuant to the requirements of the Securities Act of 1933, the Registrant
certifies that it has reasonable grounds to believe that it meets all of the
requirements for filing a Post-Effective Amendment to Form S-8 and has duly
caused this Post-Effective Amendment to be signed on its behalf by the
undersigned, thereunto duly authorized, in the City of San Francisco, State of
California on the 6th day of August, 1998.


TRANSAMERICA CORPORATION
     (Registrant)


/s/ Burton E. Broome
- ----------------------
Burton E. Broome
Vice President and Controller


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