U.S. Securities and Exchange Commission
                             Washington, D.C. 20549
                                   FORM 24F-2
                        Annual Notice of Securities Sold
                             Pursuant to Rule 24f-2

            Read instructions at end of Form before preparing Form.
                              Please print or type:

1.   Name and address of issuer: WRL Series Life Account 
                                 of Western Reserve Life Assurance Co. of Ohio
                                 570 Carillon Parkway
                                 St. Petersburg, FL  33716

2.   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 the series or classes):

                           WRL Series Life Account |X|

3.   Investment Company Act File Number:

                           811-4420

   Securities Act File Number: 33-506 , 33-5143, 33-31140, 33-69138, 333-23359

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

                           December 31, 1998

4(b). Check box if this Form is being filed late (i.e., more than 90 days after
      the end of the issuer's fiscal year).  N/A  [ ]


      NOTE: IF THE FORM IS BEING FILED LATE, INTEREST MUST BE PAID ON THE 
            REGISTRATION FEE DUE.

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

                          N/A

5.   Calculation of registration fee:

 (i)   Aggregate sale price of securities sold during the fiscal 
       year pursuant to section 24(f):                            $ 881,919,559
                                                                  -------------

 (ii)  Aggregate price of securities redeemed or
       repurchased during the fiscal year:                        $ 660,633,342
                                                                  -------------

 (iii) Aggregate price of securities redeemed or repurchased 
       during any prior fiscal year ending 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)]:                                         $ 660,633,342
                                                                  -------------



 (v)    Net sales - if item 5(i) is greater than item
        5(iv) [subtract 5(iv) from item 5(i)]:                    $ 221,286,217
                                                                  -------------
 (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)]:                     $ ( )
                                                                  -------------

 (vii)  Multiplier for determining registration fee               x .000278
        (see Instruction C.9):                                    -------------
                                                                  
 (viii) Registration fee due [multiply item 5(v) by
        item 5(vii) (enter "0" if no fee is due)]:                $  61,517.57
                                                                  --------------

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 11,1997, then report the amount
     of securities (number of shares or other units) deducted here: 0 . 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: 0 .
                            ---

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]:

                                                                  =$  61,517.57
                                                                  -------------

9.   Date the registration fee and any interest payment was sent to the
     Commission's lockbox depository:

         March 23, 1999

     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            /s/  ALLAN J. HAMILTON
          and Title)*          -------------------------
                               Name:  Allan J. Hamilton
                               Title: Treasurer

     Date:   March 26,1999

* Please print the name and title of the signing officer below the signature.