FORM N-SAR

SEMI-ANNUAL REPORT

FOR REGISTERED INVESTMENT COMPANIES

Report for twelve month period ending:			12/31/2015
Is this a transition report?			N
Is this an amendment to a previous filing?			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: COLI VUL-2 Series Account
	B.	File Number: 811-09201
	C.	Telephone Number: 303-737-3000
2.	A.	Street: 8515 EAST ORCHARD ROAD
	B.	City: GREENWOOD VILLAGE
	C.	State: COLORADO
	D.	Zip Code: 80111
	E.	Foreign Country:
3.	Is this the first filing on this form by Registrant?		N
4.	Is this the last filing on this form by Registrant?		N
5.	Is Registrant a small a business investment company (SBIC)? (If yes, complete only 89-110)		N
6.	Is Registrant a unit investment trust (UIT)? (If yes, complete only 111 through 133)		Y
111.	A.
	B.
	C.
112.
113.
114.	A.
	B.
	C.
115.	A.
	B.
116.	A.
	B.
117.	A.
	B.
	C.
	D.
	E.

118.
119.
120.
121.
122.
123.		$13,700
124.
125.		$207
126.		$0
127.	A.
	B.
	C.
	D.
	E.
	F.
	G.
	H.
	I.
	J.	1             $103,261            $0
	K.
	L.	1             $103,261            $0
128.
131.		$257
132.
133.	None

Signature Page

The following form of signature shall follow items 79, 85, 88, 104, 110 or 132 as appropriate. This report is signed on behalf of the registrant (or depositor or trustee).

City of:         Greenwood Village             State of:         Colorado      Date:       February 26, 2016      

Name of Registrant, Depositor, or Trustee:

	COLI VUL-2 Series Account
By:	/s/ Adam Kavan	Witness	/s/ Sarah Shimabukuro
	Adam Kavan		Sarah Shimabukuro
	Counsel		Senior Business Support