FORM N-SAR

SEMI-ANNUAL REPORT

FOR REGISTERED INVESTMENT COMPANIES

Report for twelve month period ending: 12/31/2008

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: CANADA LIFE OF AMERICA VARIABLE ANNUITY ACCOUNT 2

B. File Number: 811-07350

C. Telephone Number: 303-737-3000

2. A. Street: 8515 EAST ORCHARD ROAD

B. City: GREENWOOD VILLAGE

C. State: CO

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)? N

(If yes, complete only 89-110)

6. Is Registrant a unit investment trust (UIT)? Y

(If yes, complete only 111 through 133)

111. A. Canada Life Insurance Company of America

B.

C. Greenwood Village, CO 80111

112.

113.

114. A. GWFS Equities, Inc.

B. 8-033854

C. Greenwood Village, CO 80111

115. A. Deloitte & Touche LLP

B. Denver, CO 80202

116. A. Y

B. GREAT-WEST

117. A. Y

B. Y

C. N

D. N

E. N

118. 1

119. 0

120.

121.     0

122. 1

123. $1,991

124.

125. $0

126. $0

127. A.

B.

C.

D.

E.

F.

G.

H.

I.

J. 1 $36,087 $

K.

L. 1 $36,087 $

128. N

131. $713

132.

Signature Page

The following form or 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: CO Date: 02/27/2009

Name of Registrant, Depositor, or Trustee:

CANADA LIFE OF AMERICA VARIABLE ANNUITY ACCOUNT 2

By: /s/ Michael Cirelli Witness: /s/ Sharon K. Johnson

Michael Cirelli Sharon K. Johnson

Counsel Business Support Administrator