Form N-SAR Semi-Annual Report for Registered Investment Companies
           (Short-Form used for Unit Investment Trust ("UIT") Filings)

Report for six month period ending: (a) _________

                   or fiscal year ending: (b) 12/31/03

Is this a transition report? Yes [ ]   No [X]

Is this an amendment to a previous filing? Yes [ ]   No [X]

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:  Separate  Account VL of Transamerica  Occidental Life
     Insurance Company

B.   File Number: 811-4511 C. Telephone No.: 213-741-5797

2.   A. Street B. City C. State D. Zip Code E. Foreign Country F. Foreign Postal
     Code 4333 Edgewood Road N.E., Cedar Rapids, Iowa 52499

3.  Is this the first filing on this Form by Registrant?      Yes [ ]   No [X]

4.  Is this the last filing on this Form by Registrant?       Yes [ ]   No [X]

5.  Is Registrant a Small Business Investment Company (SBIC)? Yes [ ]   No [X]

6.  Is Registrant a Unit Investment Trust (UIT)?              Yes [X]   No [ ]

7.   A. Is Registrant a series or multiple portfolio company? (If answer is "No"
     go to item 8.) Yes [ ] No [X]

7.   B. How many separate series or portfolios did Registrant have at the end of
     the period? N/A

123. State the total value of the additional  units considered in answering item
     122 ($000's omitted) N/A

124. State  the total  value of units of prior  series  that were  placed in the
     portfolios  of subsequent  series  during the current  period (the value of
     these  units  is to be  measured  on  the  date  they  were  placed  in the
     subsequent series ($000's omitted) N/A

125. State the total dollar amount of sales loads collected (before reallowances
     to other brokers or dealers) by Registrant's  principal underwriter and any
     underwriter  which is an  affiliated  person of the  principal  underwriter
     during the  current  period  solely from the sale of units of all series of
     Registrant ($000's omitted) N/A

126. Of the amount  shown in item 125,  state the total  dollar  amount of sales
     loads  collected from secondary  market  operations in  Registrant's  units
     (include  the sales  loads,  if any,  collected  on units of a prior series
     placed in the portfolio of a subsequent series.) ($000's omitted) N/A
<TABLE>
<CAPTION>

127. List opposite the appropriate description below the number of series whose
portfolios are invested primarily (based upon a percentage of NAV) in each type
of security shown, the aggregate total assets at market value as of a date at or
neat the end of the current period of each such group of series and the total
income distributions made by each such group of series during the current period
(excluding distributions of realized gains, if any):

                                                                                                  Total       Total
                                                                                     Number of    Assets      Distribution
                                                                                     Series       (0's        (0's omitted)
                                                                                     Investing    omitted)
------------------------------------------------------------------------------------ ------------ ----------- --------------
<S>                                                                                 <C>         <C>          <C>
A. U.S. Treasury direct issue
------------------------------------------------------------------------------------ ------------ ----------- --------------
------------------------------------------------------------------------------------ ------------ ----------- --------------
B. U.S. Government agency
------------------------------------------------------------------------------------ ------------ ----------- --------------
------------------------------------------------------------------------------------ ------------ ----------- --------------
C. State and municipal tax-free
------------------------------------------------------------------------------------ ------------ ----------- --------------
------------------------------------------------------------------------------------ ------------ ----------- --------------
D. Public utility debt
------------------------------------------------------------------------------------ ------------ ----------- --------------
------------------------------------------------------------------------------------ ------------ ----------- --------------
E. Brokers or dealers debt or debt of brokers' or dealers' parent
------------------------------------------------------------------------------------ ------------ ----------- --------------
------------------------------------------------------------------------------------ ------------ ----------- --------------
F. All other corporate intermediate and long-term debt
------------------------------------------------------------------------------------ ------------ ----------- --------------
------------------------------------------------------------------------------------ ------------ ----------- --------------
G. All other corporate short-term debt
------------------------------------------------------------------------------------ ------------ ----------- --------------
------------------------------------------------------------------------------------ ------------ ----------- --------------
H. Equity securities of brokers or dealers or parents of brokers or dealers
------------------------------------------------------------------------------------ ------------ ----------- --------------
------------------------------------------------------------------------------------ ------------ ----------- --------------
I.    Investment company equity securities                                           N/A          $8,345      $38
------------------------------------------------------------------------------------ ------------ ----------- --------------
------------------------------------------------------------------------------------ ------------ ----------- --------------
J. All other equity securities
------------------------------------------------------------------------------------ ------------ ----------- --------------
------------------------------------------------------------------------------------ ------------ ----------- --------------
K.  Other securities
------------------------------------------------------------------------------------ ------------ ----------- --------------
------------------------------------------------------------------------------------ ------------ ----------- --------------
L.  Total assets of all series of registrant                                         N/A          $8,345      $38
------------------------------------------------------------------------------------ ------------ ----------- --------------
</TABLE>

128. Is the timely payment of principal and interest on any of the portfolio
securities held by any of Registrant's series at the end of the current period
insured or guaranteed by an entity other than the issuer? [If answer is "N"
(No), go to item 131.] N/A

129. Is the  issuer  of any  instrument  covered  in item 128  delinquent  or in
     default as to payment of  principal  or  interest at the end of the current
     period? [If answer is "N" (No), go to item 131.] N/A

130. In computations of NAV or offering price per unit, is any part of the value
attributed to instruments identified in item 129 derived from insurance or
guarantees? N/A

131. Total expenses incurred by all series of Registrant during the current
reporting period ($000's omitted) $68

132. List the "811" (Investment Company Act of 1940) registration number for all
Series of 811- Registrant that are being included in this filing:

This report is signed on behalf of the registrant (or depositor or trustee).

         City of Los Angeles, State of California
         Date:    February 27, 2004

Name of Registrant, Depositor, or Trustee:
Separate Account VL of Transamerica Occidental Life Insurance Company


By:      ____________________________________  Witness:________________________
         David M. Goldstein                           Gina Grusman
         Senior Vice President                        SEC Filing Coordinator