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:

               COLI VUL 2 Series Account of
               Great-West Life & Annuity Insurance Company
               8515 East Orchard Road
               Greenwood Village, CO 80111

- -----------------------------------------------------------------------------
- -----------------------------------------------------------------------------
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 issuer, check the box but do not list series or classes): |_|

             N/A

- -----------------------------------------------------------------------------
- -----------------------------------------------------------------------------
3.      Investment Company Act File Number:  811-09201
               Securities Act File Number:   333-70963
- -----------------------------------------------------------------------------
- -----------------------------------------------------------------------------

4(a). Last day of fiscal year for which this notice is filed:

              December 31, 2000

- -----------------------------------------------------------------------------
- -----------------------------------------------------------------------------

4(b).|_| Check 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)

- -----------------------------------------------------------------------------
- -----------------------------------------------------------------------------

4(c). |_| Check box if this is the last time the issuer will be filing this Form

- -----------------------------------------------------------------------------

5.         Calculation of registration fee:

          (i) Aggregate sale price of securities sold during
              the fiscal year pursuant to section 24(f):   $3,046,158

         (ii) Aggregate price of securities redeemed or repurchased during
              the fiscal year:  $   246,540

        (iii) Aggregate price of securities  redeemed or repurchased  during any
              prior fiscal year ended 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)] -- $           246,540

         (v)  Net sales ---- if Item 5(i) is greater than Item 5(iv)
              [subtract Item 5(iv) from Item 5(i)]:  $ 2,799,618

          (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):  X   0.00025

         (viii)  Registration fee due [multiply Item 5(v) by Item
                5(vii)] (enter "0" if no fee is due):  $ 699.90

- -----------------------------------------------------------------------------
- -----------------------------------------------------------------------------
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  October 11,  1998,  then
           report the  amount of  securities  (number of shares or other  units)
           deducted  here:  N/A . 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
           that number here: N/A

         .

- -----------------------------------------------------------------------------

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]:



                      = $         699.90
                      -----------------------

- -----------------------------------------------------------------------------
- -----------------------------------------------------------------------------

9.  Date  the  registration  fee  an  any  interest  payment  was  sent  to  the
Commission's lockbox depository   March 15, 2001

                  Method of Delivery:

                             |X| Wire Transfer

                             |_| Mail or other means

- -----------------------------------------------------------------------------

                                                 SIGNATURES

This  report has been  signed  below by the  following  persons on behalf of the
issuer and in the capacities and on the dates indicated.

By  (Signature and Title)* /s/  D.L. McLeod
                                D.L. McLeod
                                Vice President, Investment Operations
                                Great-West Life & Annuity Insurance Company

Date  March 15, 2001