UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                                    Form 13F

                               Form 13F COVER PAGE


Report for the Calendar Year or Quarter Ended:  December 31, 1999

Check here if Amendment [       ];  Amendment Number:
This Amendment (Check only one):     [        ]  is a restatement.
                                     [        ]  adds new holdings entries.

Institutional Investment Manager Filing This Report:

Name:             The Lincoln National Life Insurance Company
Address:          1300 Clinton Street
                  Fort Wayne, IN  46802

Form 13F File Number:      28 - 636

The institutional  investment  manager filing this report and the person by whom
it is signed hereby  represent  that the person signing the report is authorized
to  submit  it,  that all  information  contained  herein is true,  correct  and
complete,  and  that it is  understood  that  all  required  items,  statements,
schedules, lists, and tables, are considered integral parts of this form.

Person Signing this Report on Behalf of Reporting Manager:

Name:             Steven R. Brody
Title:            Vice President

Phone:            (219) 455-5390


Signature, Place, and Date of Signing:


/s/ Steven R. Brody     Fort Wayne, IN        February 9, 2000
Steven R. Brody                                   Date
Vice President


Report Type (Check only one):

[   ] 13F  HOLDINGS  REPORT.  (Check here if all  holdings  of this  reporting
      manager are reported in this report.)

[   ] 13F NOTICE.  (Check here if no holdings reported are in this report, and
      all holdings are reported by other reporting manager(s).)

[ x ] 13F COMBINATION  REPORT.  (Check here if a portion of the holdings for
      this  reporting  manager  are  reported  in this  report and a portion are
      reported by other reporting manager(s).)






                                  FORM 13F SUMMARY PAGE
Report Summary:

Number of Other Included Managers:          1

Form 13F Information Table Entry Total:     3

Form 13F Information Table Value Total:     5288


List of Other Included Managers:

Provide  a  numbered  list of the  name(s)  and Form 13F file  number(s)  of all
institutional  investment  managers  with respect to which this report is filed,
other than the manager filing this report.

          No.              Form 13F File Number             Name

          01                     28-625               Lincoln National
                                                      Corporation (parent
                                                      company of The Lincoln
                                                      National Life Insurance
                                                      Company






FORM 13F INFORMATIONAL TABLE

                                                          VALUE      SHARES/  SH/  PUT/   INVSTMT  OTHER      VOTING AUTHORITY
NAME OF ISSUER              TITLE OF CLASS    CUSIP       (x $1000)  PRN AMT  PRN  CALL   DSCRETN  MGERS    SOLE    SHARED    NONE
                                                                                             

POGO PRODUCING CO           COM               730448107   1558        76463   SH          SOLE               76463
TEXOIL INC    NEV           COM PAR $0.01     882906506   2421       586942   SH          SOLE              586942
TREX COMPANY INC            COM               89531P105   1309        61451   SH          SOLE               61451

TOTAL                       3 DATA RECORDS                5288