FORM 10-Q

                                  UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION

                             Washington, D.C. 20549

The registrant meets the conditions set forth in General Instruction H(1)(a) and
(b) of Form 10-Q and is therefore  filing this Form with the reduced  disclosure
format.

          [x] QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE
                         SECURITIES EXCHANGE ACT OF 1934

                 For the quarterly period ended: June 30, 2000

                                       OR

          [ ] TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE
                         SECURITIES EXCHANGE ACT OF 1934


Commission file number: 33-47245
                        33-65355



                   ALLSTATE  LIFE  INSURANCE  COMPANY OF NEW YORK
             (Exact name of registrant as specified in its charter)


      NEW YORK                                        35-2608394
(State or other jurisdiction of                    (I.R.S. Employer
incorporation or organization)                      Identification No.)

                                One Allstate Drive
                             Farmingville, New York  11738
               (Address of principal executive offices)(Zip Code)

                                  800/256-9392
              (Registrant's telephone number, including area code)

                                 Not Applicable
              (Former name, former address and former fiscal year,
                          if changed since last report)

     Indicate  by check mark  whether the  registrant  (1) has filed all reports
required to be filed by Section 13 or 15(d) of the  Securities  Exchange  Act of
1934  during  the  preceding  12 months  (or for such  shorter  period  that the
registrant was required to file such reports),  and (2) has been subject to such
filing requirements for the past 90 days.

Yes../X/..      No


     Indicate  the  number of shares of each of the  issuer's  classes of common
stock,  as of June 30, 2000;  there were 100,000  shares of common capital stock
outstanding,  par value $25 per share all of which  shares are held by  Allstate
Life Insurance Company.

<PAGE>


                         PART I - FINANCIAL INFORMATION


Item  1.   FINANCIAL STATEMENTS

            Statements of Financial Position
            June 30, 2000(Unaudited) and December 31, 1999.................. 3

            Statements of Operations
            Three Months Ended June 30, 2000 and and June 30, 1999 and
            Six Months Ended June 30, 2000 and June 30, 1999 (Unaudited).... 4

            Statements of Cash Flows
            Six Months Ended June 30, 2000 and
                  June 30, 1999 (Unaudited)................................. 5

            Notes to Financial Statements................................... 6

Item  2.   MANAGEMENT'S DISCUSSION AND ANALYSIS OF
           FINANCIAL CONDITION AND RESULTS OF OPERATIONS.................... 10

Item  3.   QUANTITATIVE AND QUALITATIVE DISCLOSURE ABOUT
              MARKET RISK*..................................................N/A


                           PART II - OTHER INFORMATION


Item 1.   LEGAL PROCEEDINGS..................................................17

Item 2.   CHANGES IN SECURITIES AND USE OF PROCEEDS*........................N/A

Item 3.   DEFAULTS UPON SENIOR SECURITIES*..................................N/A

Item 4.   SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS*..............N/A

Item 5.   OTHER INFORMATION..................................................17

Item 6.   EXHIBITS AND REPORTS ON FORM 8-K...................................17

SIGNATURE PAGE...............................................................18





*Omitted pursuant to General Instruction H(2) of Form 10-Q.

                                      2
<PAGE>

                   ALLSTATE LIFE INSURANCE COMPANY OF NEW YORK
                        STATEMENTS OF FINANCIAL POSITION

<TABLE>
<CAPTION>

                                                                        June 30,            December 31,
                                                                          2000                  1999
                                                                    -----------------     -----------------
                                                                    -----------------     -----------------
                                                                      (Unaudited)

($ in thousands, except par value data)
<S>                                                                  <C>                    <C>
Assets
Investments
   Fixed income securities, at fair value
      (amortized cost $2,082,876 and $1,858,216)                         $ 2,165,497           $ 1,912,545
   Mortgage loans                                                            191,055               166,997
   Policy loans                                                               31,521                31,109
   Short-term                                                                 12,360                46,037
                                                                             -------               ------
         Total investments                                                 2,400,433             2,156,688

Cash                                                                           2,724                 1,135
Deferred policy acquisition costs                                            128,968               106,932
Accrued investment income                                                     26,936                25,712
Reinsurance recoverables, net                                                  1,530                 1,949
Other assets                                                                   9,398                 7,803
Separate Accounts                                                            497,624               443,705
                                                                            --------              --------
         Total assets                                                    $ 3,067,613           $ 2,743,924
                                                                         ===========          ===========

Liabilities
Reserve for life-contingent contract benefits                            $ 1,189,803           $ 1,098,016
Contractholder funds                                                       1,016,504               839,157
Current income taxes payable                                                  12,980                10,132
Deferred income taxes                                                          2,666                 3,077
Other liabilities and accrued expenses                                        35,533                41,218
Payable to affiliates, net                                                     2,056                 4,731
Separate Accounts                                                            497,624               443,705
                                                                            --------              --------
         Total liabilities                                                 2,757,166             2,440,036
                                                                           ---------             ---------

Commitments and Contingent Liabilities (Note 3)

Shareholder's equity
Common stock, $25 par value, 100,000 shares
      authorized, issued and outstanding                                       2,500                 2,500
Additional capital paid-in                                                    45,787                45,787
Retained income                                                              241,207               225,367

Accumulated other comprehensive income:
    Unrealized net capital gains                                              20,953                30,234
                                                                              ------                ------
         Total accumulated other comprehensive income                         20,953                30,234
                                                                              ------                ------
         Total shareholder's equity                                          310,447               303,888
                                                                             -------               -------
         Total liabilities and shareholder's equity                      $ 3,067,613           $ 2,743,924
                                                                         ===========           ===========

               See notes to financial statements.



</TABLE>
                                       3
<PAGE>

               PART I. FINANCIAL INFORMATION
               ITEM 1. FINANCIAL STATEMENTS
                  ALLSTATE LIFE INSURANCE COMPANY OF NEW YORK
                 STATEMENTS OF OPERATIONS


<TABLE>
<CAPTION>

                                                           Three Months Ended                         Six Months Ended
                                                                June 30,                                  June 30,
                                                     ----------------------------------     -------------------------------------
                                                     ----------------------------------     -------------------------------------
<S>                                                     <C>                 <C>                   <C>                 <C>
($ in thousands)                                        2000                1999                  2000                1999
                                                     ---------------  -----------------     -----------------   -----------------
                                                     ----------------------------------     -------------------------------------
                                                                   (Unaudited)                               (Unaudited)

Revenues
Premiums                                                   $ 14,852            $ 9,521              $ 42,432            $ 31,565
Contract charges                                             10,318              9,813                21,140              19,020
Net investment income                                        43,924             36,447                84,490              72,007
Realized capital losses                                      (2,211)            (1,101)               (2,911)               (748)
                                                           --------            -------              --------            --------
                                                             66,883             54,680               145,151             121,844
                                                           --------            -------              --------            --------

Costs and expenses
Contract benefits                                            45,680             37,733               105,200              86,213
Amortization of deferred policy acquisition costs             2,942              2,647                 5,475               4,826
Operating costs and expenses                                  4,306              5,201                10,806              11,342
                                                           --------             ------              --------            --------
                                                             52,928             45,581               121,481             102,381
                                                           --------            -------              --------            --------

Income from operations
   before income tax expense                                 13,955              9,099                23,670              19,463
Income tax expense                                            4,470              3,234                 7,830               6,913
                                                           --------             ------              --------            --------

Net income                                                 $  9,485            $ 5,865              $ 15,840            $ 12,550
                                                           ========            =======              ========            ========




</TABLE>

            See notes to financial statements.


                                       4
<PAGE>

                   ALLSTATE LIFE INSURANCE COMPANY OF NEW YORK

                            STATEMENTS OF CASH FLOWS

<TABLE>
<CAPTION>

                                                                         Six Months Ended
                                                                             June 30,

                                                              ----------------------------------------
                                                              ----------------------------------------
<S>                                                                 <C>                   <C>
($ in thousands)                                                    2000                  1999
                                                              ------------------    ------------------
                                                              ----------------------------------------
                                                                            (Unaudited)

Cash flows from operating activities
Net income                                                             $ 15,840              $ 12,550
Adjustments to reconcile net income to net cash
    provided by operating activities:
       Amortization and other non-cash items                            (21,223)              (18,264)
       Realized capital gains and losses                                  2,911                   748
       Interest credited to contractholder funds                         20,162                15,107
       Changes in:
           Life-contingent contract benefits and
               contractholder funds                                      31,741                22,241
           Deferred policy acquisition costs                            (22,036)               (6,023)
           Income taxes payable                                           2,848                 6,219
           Other operating assets and liabilities                        (2,111)                  (69)
                                                                       --------              --------
               Net cash provided by operating activities                 28,132                32,509
                                                                       --------              --------

Cash flows from investing activities
Proceeds from sales of fixed income securities                           94,583                65,333
Investment collections
       Fixed income securities                                           21,727                 6,259
       Mortgage loans                                                     6,179                 3,742
Investment purchases
       Fixed income securities                                         (324,537)             (173,670)
       Mortgage loans                                                   (30,333)              (21,803)
Change in short-term investments, net                                    31,589                39,549
Change in policy loans, net                                                (412)                 (772)
                                                                       --------              --------
               Net cash used in investing activities                   (201,204)              (81,362)
                                                                       --------              --------

Cash flows from financing activities
Contractholder fund deposits                                            235,462                76,906
Contractholder fund withdrawals                                         (60,801)              (30,470)
                                                                       --------              --------
               Net cash provided by financing activities                174,661                46,436
                                                                       --------              --------

Net increase (decrease) in cash                                           1,589                (2,417)
Cash at the beginning of period                                           1,135                 3,117
                                                                       --------              --------
Cash at end of period                                                  $  2,724              $    700
                                                                       ========              ========

            See notes to financial statements.



</TABLE>
                                       5

<PAGE>

                  ITEM 2. MANAGEMENT DISCUSSION AND ANALYSIS OF
                  FINANCIAL CONDITION AND RESULTS OF OPERATIONS
                    FOR THE THREE MONTH AND SIX MONTH PERIODS
                          ENDED JUNE 30, 2000 AND 1999

1.   Basis of Presentation

          The accompanying financial statements include the accounts of Allstate
     Life  Insurance  Company  of New  York  (the  "Company"),  a  wholly  owned
     subsidiary of Allstate Life  Insurance  Company  ("ALIC"),  which is wholly
     owned by Allstate  Insurance Company ("AIC"),  a wholly owned subsidiary of
     The Allstate  Corporation (the  "Corporation").  These financial statements
     have been  prepared in  conformity  with  accounting  principles  generally
     accepted in the United States of America.

          The financial  statements  and notes as of June 30, 2000,  and for the
     six  month  periods  ended  June 30,  2000 and  1999,  are  unaudited.  The
     financial  statements  reflect all adjustments  (consisting  only of normal
     recurring accruals) which are, in the opinion of management,  necessary for
     the fair presentation of the financial position,  results of operations and
     cash flows for the interim  periods.  The  financial  statements  and notes
     should  be read in  conjunction  with the  financial  statements  and notes
     thereto included in the Allstate Life Insurance  Company of New York Annual
     Report on Form 10-K for 1999.  The  results of  operations  for the interim
     periods  should not be considered  indicative of results to be expected for
     the full year.

2.  Comprehensive Income

          The components of other comprehensive income on a pretax and after-tax
     basis are as follows:

<TABLE>
<CAPTION>

                                                                  Three Months Ended June 30,
   ($ in thousands)                                        2000                                  1999
                                            ------------------------------------ --------------------------------------
                                                                      After-                                After-
                                               Pretax       Tax        tax          Pretax       Tax          tax
                                            ---------------------------------------------------------------------------
   <S>                                           <C>          <C>        <C>           <C>           <C>         <C>
   Unrealized capital gains and losses:
     Unrealized   holding   gains   (losses)
   arising during the period                  $ (29,731)    $10,406  $ (19,325)    $ (11,605)    $ 4,061     $ (7,544)
     Less:  reclassification adjustments         (2,122)        743    ( 1,379)       (1,087)        380         (707)
                                              ---------     -------  ---------     ---------     -------     --------
    Other comprehensive income (loss)         $ (27,609)    $ 9,663    (17,946)    $ (10,518)    $ 3,681       (6,837)
                                              =========     =======                =========     =======
   Net income                                                            9,485                                  5,865
                                                                     ---------                               --------
   Comprehensive income (loss)                                       $  (8,461)                              $   (972)
                                                                     =========                               ========

</TABLE>
                                       6
<PAGE>

                  ITEM 2. MANAGEMENT DISCUSSION AND ANALYSIS OF
                  FINANCIAL CONDITION AND RESULTS OF OPERATIONS
                    FOR THE THREE MONTH AND SIX MONTH PERIODS
                          ENDED JUNE 30, 2000 AND 1999


2.       Comprehensive Income (continued)

<TABLE>
<CAPTION>

                                                                    Six Months Ended June 30,
   ($ in thousands)                                        2000                                   1999
                                            ------------------------------------ ---------------------------------------
                                                                     After-                                  After-
                                               Pretax      Tax         tax          Pretax        Tax          tax
                                            ----------------------------------------------------------------------------
<S>                                           <C>          <C>        <C>           <C>           <C>         <C>
   Unrealized capital gains and losses:

     Unrealized   holding   gains   (losses)
   arising during the period                   $(17,036)   $ 5,963    $(11,073)     $ (51,842)   $ 18,145    $ (33,697)
     Less:  reclassification adjustments         (2,757)       965      (1,792)          (733)        257         (476)
                                               --------    -------    --------      ---------    --------    ---------
   Other comprehensive income (loss)           $(14,279)   $ 4,998      (9,281)     $ (51,109)   $ 17,888      (33,221)
                                               ========    =======                  =========    ========
   Net income                                                           15,840                                  12,550
                                                                      --------                               ---------

   Comprehensive income (loss)                                        $  6,559                               $ (20,671)
                                                                      ========                               =========
</TABLE>

3.   Regulation and Legal Proceedings

          The Company's business is subject to the effects of a changing social,
     economic  and   regulatory   environment.   Recent  public  and  regulatory
     initiatives  have varied and have included  employee  benefit  regulations,
     removal of barriers  preventing  banks from engaging in the  securities and
     insurance  business,  tax law changes  affecting  the taxation of insurance
     companies and the tax treatment of insurance products and its impact on the
     relative desirability of various personal investment vehicles. The ultimate
     changes and eventual effects, if any, of these initiatives are uncertain.

          In the normal  course of its  business,  the  Company is  involved  in
     pending and threatened  litigation  and regulatory  actions in which claims
     for monetary  damages are  asserted.  At this time,  based on their present
     status, it is in the opinion of management, that the ultimate liability, if
     any,  in one or more of  these  actions  in  excess  of  amounts  currently
     reserved  is not  expected  to have a  material  effect on the  results  of
     operations, liquidity or financial position of the Company.


                                       7
<PAGE>

                  ITEM 2. MANAGEMENT DISCUSSION AND ANALYSIS OF
                  FINANCIAL CONDITION AND RESULTS OF OPERATIONS
                    FOR THE THREE MONTH AND SIX MONTH PERIODS
                          ENDED JUNE 30, 2000 AND 1999




 4.   Reinsurance

          The Company  has  reinsurance  agreements  with ALIC in order to limit
     aggregate  and single  exposure on large risks.  A portion of the Company's
     premiums,  policy benefits and certain costs and expenses are ceded to ALIC
     and reflected net of such  reinsurance  in the statements of operations and
     comprehensive income.  Reinsurance recoverables and the related reserve for
     life-contingent  contract  benefits and  contractholder  funds are reported
     separately in the statements of financial  position.  The Company continues
     to have primary liability as the direct insurer for risks reinsured.

          The following amounts were ceded to ALIC under reinsurance agreements.

<TABLE>
<CAPTION>

                                                    Three months ended                    Six months ended
                                                         June 30,                             June 30,
                                               ------------------------------     ----------------------------------
<S>    <C>                                          <C>             <C>                <C>               <C>
       ($ in thousands)                             2000            1999               2000              1999
                                                ---------------- -------------     ---------------- -----------------

       Premiums                                     $ 1,015         $ 793              $ 2,164           $ 1,745
       Contract benefits                                179            37                  403                67
       Certain costs and expenses                         1             -                    2                 -


           The Company  also  purchases  reinsurance  from  non-affiliates.  The
       following table summarizes amounts that were ceded to third parties under
       reinsurance agreements.

                                                    Three months ended                    Six months ended
                                                          June 30,                             June 30,
                                               ------------------------------     ----------------------------------
       ($ in thousands)                             2000            1999               2000              1999
                                               ---------------- -------------     ---------------- -----------------

       Premiums                                       $ 227         $ 210                $ 448             $ 422
       Contract benefits                               (296)           72                 (147)              612
       Certain costs and expenses                        36            34                   70                95

</TABLE>
                                       8
<PAGE>

                  ITEM 2. MANAGEMENT DISCUSSION AND ANALYSIS OF
                  FINANCIAL CONDITION AND RESULTS OF OPERATIONS
                    FOR THE THREE MONTH AND SIX MONTH PERIODS
                         ENDED JUNE 30, 2000 AND 1999

          The following  discussion  highlights  significant factors influencing
     results of  operations  and changes in financial  position of Allstate Life
     Insurance  Company  of New  York  (the  "Company").  It  should  be read in
     conjunction  with the financial  statements and related notes thereto found
     under Part I. Item 1 contained  herein and with the  discussion,  analysis,
     financial statements and notes thereto in Part I. Item 1 and Part II. Items
     7 and 8 of the Allstate Life Insurance Company of New York Annual Report on
     Form 10-K for the year ended December 31, 1999.

          The Company,  a wholly owned  subsidiary  of Allstate  Life  Insurance
     Company ("ALIC"),  which is a wholly owned subsidiary of Allstate Insurance
     Company ("AIC"), a wholly owned subsidiary of The Allstate Corporation (the
     "Corporation"), markets life insurance and savings products in the state of
     New York through a combination  of exclusive  agencies,  securities  firms,
     banks,  specialized brokers and direct response  marketing.  Life insurance
     products  consist of traditional  products,  including term and whole life,
     interest-sensitive  life and immediate  annuities with life  contingencies.
     Savings products include deferred annuities and immediate annuities without
     life  contingencies.  Deferred  annuities  include fixed rate, market value
     adjusted and variable annuities.

          The Company has identified itself as a single segment entity.

          The assets and  liabilities  related to variable  annuity and variable
     life contracts are legally  segregated and reflected as Separate  Accounts.
     The assets of the  Separate  Accounts  are carried at fair value.  Separate
     Accounts liabilities  represent the  contractholder's  claim to the related
     assets and are carried at the fair value of the  assets.  In the event that
     the asset value of certain  contractholder  accounts  are  projected  to be
     below the value  guaranteed  by the  Company,  a liability  is  established
     through a charge to earnings.  Investment income and realized capital gains
     and losses of the Separate Accounts accrue directly to the  contractholders
     and therefore, are not included in the Company's statements of operations.


                                       9
<PAGE>

                  ITEM 2. MANAGEMENT DISCUSSION AND ANALYSIS OF
                  FINANCIAL CONDITION AND RESULTS OF OPERATIONS
                    FOR THE THREE MONTH AND SIX MONTH PERIODS
                          ENDED JUNE 30, 2000 AND 1999



Financial Highlights

<TABLE>
<CAPTION>

                                                                 Three months Ended                        Six months Ended
                                                                      June 30,                                 June 30,
                                                       --------------------------------------    ---------------------------------
<S>                                                           <C>                  <C>                <C>               <C>
($ in thousands)                                              2000                 1999               2000              1999
                                                       ------------------    ----------------    --------------    ---------------

Statutory premiums and deposits                              $   156,376         $    64,084       $   350,525        $   127,006
                                                             ===========         ===========       ===========        ===========

Investments                                                  $ 2,400,433         $ 2,129,120       $ 2,400,433        $ 2,129,120
Separate Account assets                                          497,624             402,137           497,624            402,137
                                                             -----------         -----------       -----------        -----------
Investments, including Separate Account assets               $ 2,898,057         $ 2,531,257       $ 2,898,057        $ 2,531,257
                                                             ===========         ===========       ===========        ===========

GAAP Premiums                                                $    14,852         $     9,521       $    42,432        $    31,565
Contract charges                                                  10,318               9,813            21,140             19,020
Net investment income                                             43,924              36,447            84,490             72,007
Contract benefits                                                 45,680              37,733           105,200             86,213
Amortization and Operating costs and expenses                      7,248               7,848            16,281             16,168
                                                             -----------         -----------       -----------        -----------
Operating income before tax                                       16,166              10,200            26,581             20,211
Income tax expense                                                 5,244               3,619             8,849              7,175
                                                             -----------         -----------       -----------        -----------
Operating income (1)                                              10,922               6,581            17,732             13,036
Realized capital losses, net of tax                               (1,437)               (716)           (1,892)              (486)
                                                             -----------         -----------       -----------        -----------
Net income                                                   $     9,485         $     5,865       $    15,840        $    12,550
                                                             ===========         ===========       ===========        ===========

</TABLE>

[FN]

          (1) The supplemental  operating information presented above allows for
     a more  complete  analysis  of results of  operations.  The net  effects of
     realized  capital gains and losses have been excluded due to the volatility
     between periods and because such data is often excluded when evaluating the
     overall financial  performance of insurers.  Operating income should not be
     considered as a substitute for any GAAP measure of performance.  Our method
     of  calculating  operating  income may be different from the method used by
     other companies and therefore comparability may be limited.

</FN>

                                       10
<PAGE>

                  ITEM 2. MANAGEMENT DISCUSSION AND ANALYSIS OF
                  FINANCIAL CONDITION AND RESULTS OF OPERATIONS

                    FOR THE THREE MONTH AND SIX MONTH PERIODS

                          ENDED JUNE 30, 2000 AND 1999

Statutory premiums and deposits

     Statutory  premiums and deposits,  which include  premiums and deposits for
all products,  are used to analyze sales trends.  The following table summarizes
statutory premiums and deposits by product line.

<TABLE>
<CAPTION>

                                                              Three months Ended                        Six months Ended
                                                                   June 30,                                 June 30,
                                                    ---------------------------------------    ------------------------------
<S>                                                        <C>                   <C>               <C>              <C>
   ($ in thousands)                                        2000                  1999              2000             1999
                                                    -------------------    ----------------    -------------    -------------

   Life Products
        Interest-sensitive                                   $  12,801            $ 12,227         $ 26,208         $ 24,355
        Traditional                                              4,891               4,151            8,099            7,386
        Other                                                    1,769               1,433            3,488            2,772
                                                             ---------            --------         --------         --------
        Total life products                                  $  19,461            $ 17,811         $ 37,795         $ 34,513
                                                             ---------            --------         --------         --------
   Annuity Products
        Fixed                                                $  56,483            $ 28,123         $179,307         $ 65,458
        Variable                                                80,432              18,151          133,423           27,035
                                                             ---------            --------         --------         --------

   Total                                                     $ 156,376            $ 64,085         $350,525         $127,006
                                                             =========            ========         ========         ========

</TABLE>

     Statutory  premiums and deposits  increased $92.3 million or 144.0% for the
second  quarter of 2000  compared  with the same  period  last year,  and $223.5
million or 176.0% for the first six months of 2000 compared with the same period
last year. The increases were primarily due to higher variable and fixed annuity
sales. Increases in variable annuities were primarily driven by $87.6 million of
sales from the new Putnam  Allstate  Advisor  variable  annuity product that was
launched in New York in January  2000.  The increase in fixed  annuity sales was
primarily due to new distribution outlets in the banking distribution channel.


                                       11
<PAGE>

GAAP premiums and contract charges

     Under  accounting  principles  generally  accepted in the United  States of
America  ("GAAP"),  premiums  represent  revenue generated from traditional life
products with significant mortality risks. Revenues for interest-sensitive  life
insurance  and fixed and  variable  annuity  contracts,  for which  deposits are
treated as liabilities,  are reflected as contract charges.  Immediate annuities
may be purchased with a life contingency whereby mortality risk is a significant
factor.  For this reason the GAAP  revenues  generated  on these  contracts  are
recognized  as  premiums.  The  following  table  summarizes  GAAP  premiums and
contract charges.

<TABLE>
<CAPTION>

                                                                  Three Months Ended                       Six Months Ended
                                                                       June 30,                                June 30,
                                                          -----------------------------------     ------------------------------
  ($ in thousands)                                             2000                1999               2000             1999
                                                          ---------------     ---------------     ------------    --------------

<S>                                                       <C>                  <C>                 <C>            <C>
  Premiums
       Traditional life                                         $  4,891             $  4,151         $  8,099          $  7,386
       Immediate annuities with life contingencies                 8,197                3,953           30,840            21,243
       Other                                                       1,764                1,417            3,493             2,936
                                                                --------             --------         --------          --------
            Total premiums                                      $ 14,852             $  9,521         $ 42,432          $ 31,565
                                                                --------             --------         --------          --------

  Contract charges
       Interest-sensitive life                                  $  7,757             $  7,307         $ 15,816          $ 14,774
       Variable annuities                                          2,041                1,939            4,062             3,331
       Other                                                         520                  567            1,262               915
                                                                --------             --------         --------          --------
            Total contract charges                              $ 10,318             $  9,813         $ 21,140          $ 19,020
                                                                --------             --------         --------          --------
            Total premiums and contract charges                 $ 25,170             $ 19,334         $ 63,572          $ 50,585
                                                                ========             ========         ========          ========

</TABLE>

     Total premiums for the three month and six month period ended June 30, 2000
increased  56.0% to $14.9  million  and  34.4% to $42.4  million,  respectively,
compared  with the same  periods  last  year due to  higher  sales of  immediate
annuities with life contingencies.

     Contract  charges for the three month and six month  periods ended June 30,
2000 increased  5.2% to $10.3 million and 11.2% to $21.1 million,  respectively,
compared  with the same period last year.  The  increases  in both  periods were
primarily due to higher  interest-sensitive life contract charges which were the
result of growth in interest-sensitive life policies in force, increased charges
on immediate  annuities  without life  contingencies  due to higher  sales,  and
increased variable annuity deposits.

Operating income

     Operating  income for the three month and six month  periods ended June 30,
2000 increased 66.0% to $10.9 million and 36.0% to $17.7 million,  respectively,
compared  with the same period last year.  Increases in net  investment  income,
premiums,  and  contract  charges  were  partially  offset  by  higher  contract
benefits.

                                       12
<PAGE>

                  ITEM 2. MANAGEMENT DISCUSSION AND ANALYSIS OF
                  FINANCIAL CONDITION AND RESULTS OF OPERATIONS
                    FOR THE THREE MONTH AND SIX MONTH PERIODS
                          ENDED JUNE 30, 2000 AND 1999



Net investment income

     Net investment  income for the three month and six month periods ended June
30,  2000  increased  20.5%  to  $43.9  million  and  17.3%  to  $84.5  million,
respectively,  compared with the same period last year due to higher  investment
balances resulting from increased sales in both periods.

Realized capital gains and losses

     Realized  capital  losses,  after-tax,  were $1.4  million  for the  second
quarter  of 2000  compared  to $716  thousand  for the  second  quarter of 1999.
Realized  capital losses,  after tax, were $1.9 million for the six months ended
June 30, 2000 compared to $486 thousand for the same period last year. Period to
period  fluctuations in realized capital losses are largely the result of timing
of  sales  decisions  reflecting   management's   decision  on  positioning  the
portfolio,  as well as assessments  of individual  securities and overall market
conditions.

Investments

       The composition of the investment portfolio at June 30, 2000 is presented
in the table below:

                                                                 Percent
($ in thousands)                                                 to total
                                                                 --------

Fixed income securities (1)                   $2,165,497            90.2
Mortgage loans                                   191,055             8.0
Policy loans                                      31,521             1.3
Short-term                                        12,360             0.5
                                                --------         -------

    Total                                     $2,400,433           100.0%
                                              ==========         =======


[FN]

          (1) Fixed income securities are carried at fair value.  Amortized cost
     for these securities was $2,082,876 at June 30, 2000.

</FN>

     Total  investments  were $2.4  billion at June 30,  2000  compared to $2.16
billion at December  31,  1999.  The  increase  was due to  positive  cash flows
generated  from  operations  and increases in  unrealized  gains on fixed income
securities.  At June 30,  2000,  unrealized  capital  gains on the fixed  income
securities  portfolio  were $82.6 million  compared to $54.3 million at December
31, 1999.

     At  June  30,  2000,  substantially  all  of  the  Company's  fixed  income
securities  portfolio is rated investment grade, which is defined by the Company
as a security having a National Association of Insurance  Commissioners ("NAIC")
rating of 1 or 2, a Moody's  rating of Aaa, A, Aa, Baa or a  comparable  Company
internal rating.

Separate Accounts

     Separate Accounts assets and liabilities  increased 12.2% to $497.6 million
at June 30,  2000  from the  December  31,  1999  balance.  The  increases  were
primarily  attributable to sales of variable annuity contracts  partially offset
by surrenders and withdrawals.

                                       13

<PAGE>

                 ITEM 2. MANAGEMENT DISCUSSION AND ANALYSIS OF
                  FINANCIAL CONDITION AND RESULTS OF OPERATIONS
                    FOR THE THREE MONTH AND SIX MONTH PERIODS
                          ENDED JUNE 30, 2000 AND 1999


Liquidity and Capital Resources

     The  Company's  principal  sources of funds are the receipt of premiums and
deposits,  collections of principal,  interest and dividends from the investment
portfolio.  The primary uses of these funds are to purchase  investments and pay
policyholder  claims,  benefits,  contract  maturities,  contract surrenders and
withdrawals and operating costs.

     The maturity  structure of the  Company's  fixed income  securities,  which
represent  90.2% of the  Company's  total  investments,  is  managed to meet the
anticipated cash flow requirements of the underlying  liabilities.  A portion of
the Company's  diversified  product portfolio,  primarily fixed deferred annuity
and  interest-sensitive  life insurance  products,  is subject to  discretionary
surrender and withdrawal by  contractholders.  Total  surrenders and withdrawals
for the three month and six month periods ended June 30, 2000 were $34.9 million
and $44.4  million  compared  with $23.3  million and $25.4 million for the same
periods last year. As the Company's interest-sensitive life policies and annuity
contracts in-force grow and age, the dollar amount of surrenders and withdrawals
will likely increase. While the overall amount of surrenders may increase in the
future,  a  significant  increase in the level of  surrenders  relative to total
contractholder account balances is not anticipated.

Pending Accounting Standards

     In  June  1999,  the  Financial  Accounting  Standards  Board  delayed  the
effective date of Statement of Financial  Accounting Standards ("SFAS") No. 133,
"Accounting  for  Derivative  Instruments  and  Hedging  Activities."  SFAS  133
replaces  existing  pronouncements  and  practices  with  a  single,  integrated
accounting  framework for  derivatives  and hedging  activities.  This statement
requires that all  derivatives be recognized on the balance sheet at fair value.
Derivatives  that are not hedges must be adjusted to fair value through  income.
If the derivative is a hedge,  depending on the nature of the hedge,  changes in
the fair value of  derivatives  will either be offset  against the change in the
fair  value of the  hedged  assets,  liabilities,  or firm  commitments  through
earnings or  recognized in other  comprehensive  income until the hedged item is
recognized in earnings.  Additionally,  the change in fair value of a derivative
that is not effective as a hedge will be immediately recognized in earnings. The
delay was effected  through the issuance of SFAS No. 137, which extends the SFAS
No. 133  requirements  to fiscal years  beginning  after June 15, 2000.  In June
2000,  the FASB issued SFAS No. 138,  which amends the  accounting and reporting
standards of SFAS 133 for certain  derivative  instruments  and certain  hedging
activities. As such, the Company expects to adopt the provisions of SFAS No. 133
and SFAS 138 as of January 1, 2001. The impact of these  statements is dependent
upon the Company's  derivative  positions and market conditions  existing at the
date of adoption.  Based on existing interpretations of the requirements of SFAS
No. 133 as amended, the impact at adoption is not expected to be material to the
results of operations or financial position of the Company.


                                       14
<PAGE>

                 ITEM 2. MANAGEMENT DISCUSSION AND ANALYSIS OF
                  FINANCIAL CONDITION AND RESULTS OF OPERATIONS
                    FOR THE THREE MONTH AND SIX MONTH PERIODS
                          ENDED JUNE 30, 2000 AND 1999

Forward-looking Statements

The statements  contained in this Management's  Discussion and Analysis that are
not historical  information  are  forward-looking  statements  that are based on
management's  estimates,  assumptions and  projections.  The Private  Securities
Litigation Reform Act of 1995 provides a safe harbor under The Securities Act of
1933 and The Securities Exchange Act of 1934 for forward-looking statements.

Forward looking statements do not relate strictly to historical or current facts
and may be  identified by their use of words like  "plans,"  "expects,"  "will,"
"anticipates,"  "estimates,"  "intends,"  "believes,"  "likely," and other words
with similar  meanings.  These statements may address,  among other things,  our
strategy for growth, product development, regulatory approvals, market position,
expenses,  financial results and reserves.  Forward-looking statements are based
on management's current expectations and assumptions. We assume no obligation to
update any  forward-looking  statements as a result of new information or future
events or developments.

If the  expectations or assumptions  underlying our  forward-looking  statements
prove inaccurate or if risks or uncertainties arise, actual results could differ
materially  from  those  communicated  in  our  forward-looking  statements.  In
addition to the normal risks of business,  the Company is subject to significant
risk  factors,  including  those  listed below which apply to it as an insurance
business.

o    Changes in market  interest rates can have adverse effects on the Company's
     investment  portfolio,  investment  income and product sales.  Increases in
     market interest rates have an adverse impact on the value of the investment
     portfolio  by   decreasing   unrealized   capital  gains  on  fixed  income
     securities. In addition,  increases in market interest rates as compared to
     rates offered on some of the Company's  products  could make those products
     less  attractive  and  therefore  decrease  sales or increase  the level of
     surrenders on these products. Declining market interest rates could have an
     adverse impact on the Company's  investment income as the Company reinvests
     proceeds from positive cash flows from  operations  and maturing and called
     investments  in new  investments  that  could  be  yielding  less  than the
     portfolio's average rate.  Additionally,  the impact of decreasing Separate
     Account balances  resulting from fluctuating  market conditions could cause
     contract charges realized by the Company to decrease.


o    In order to meet the anticipated cash flow  requirements of its obligations
     to  policyholders,  from time to time the  Company  adjusts  the  effective
     duration of the assets and liabilities of the investment  portfolio.  Those
     adjustments may have an impact on the value of the investment portfolio and
     on investment income.

o    State  insurance  regulatory  authorities  require  insurance  companies to
     maintain  specified levels of statutory  capital and surplus.  In addition,
     competitive pressures require the Company to maintain financial strength or
     claims-paying  ability  ratings.  These  restrictions  affect the Company's
     ability to use its capital.

o    There is uncertainty involved in estimating the availability of reinsurance
     and the collectibility of reinsurance recoverables. This uncertainty arises
     from a number of factors,  including  segregation by the industry generally
     of reinsurance exposure into separate legal entities.

o    The Company  distributes  some of its products under  agreements with other
     financial services entities.  Termination of such agreements due to changes
     in control of these non-affiliated entities could have a detrimental effect
     on the  Company's  sales.  This  risk may be  increased  due to the  recent
     enactment of the  Gramm-Leach-Bliley  Act of 1999,  which  eliminates  many
     federal and state law  barriers to  affiliations  among  banks,  securities
     firms, insurers and other financial service providers.

                                       15
<PAGE>

                  ITEM 2. MANAGEMENT DISCUSSION AND ANALYSIS OF
                  FINANCIAL CONDITION AND RESULTS OF OPERATIONS
                    FOR THE THREE MONTH AND SIX MONTH PERIODS
                          ENDED JUNE 30, 2000 AND 1999


o    A number of enacted and pending legislative  measures may lead to increased
     consolidation and increased competition in the financial services industry.
     At  the  federal  level,   these  measures  include  the  recently  enacted
     Gramm-Leach-Bliley Act of 1999, which eliminates many federal and state law
     barriers to affiliations among banks,  securities firms, insurers and other
     financial  service  providers.  At the state level,  these measures include
     legislation  to permit  mutual  insurance  companies to convert to a hybrid
     structure known as a mutual holding  company,  thereby  allowing  insurance
     companies owned by their  policyholders to become stock insurance companies
     owned (through one or more intermediate  holding companies) at least 51% by
     their policyholders and potentially up to 49% by stockholders. Also several
     large mutual life insurers have used or are expected to use existing  state
     laws and regulations governing the conversion of mutual insurance companies
     into stock insurance companies  (demutualization).  These measures may also
     increase competition for capital among financial service providers.

o    Deferred annuities and  interest-sensitive  life insurance products receive
     favorable policyholder taxation under current tax laws and regulations. Any
     legislative or regulatory  changes that adversely  alter this treatment are
     likely to negatively affect the demand for these products.

o    The adoptions of SFAS No. 133,  "Accounting for Derivative  Instruments and
     Hedging  Activities,"  as  amended,  is not  expected to be material to the
     results of operations of the Company. However, the impact is dependent upon
     market conditions and our holdings existing at the date of adoption,  which
     for the Company will be January 1, 2001.

o    Financial strength ratings have become an increasingly  important factor in
     establishing  the  competitive  position  of  insurance  companies  and may
     generally be expected to have an effect on an insurance company's business.
     On an ongoing basis, rating organizations review the financial  performance
     and condition of insurers.  Downgrades in one or more of the ratings of the
     Company could have a material  adverse  effect on the  Company's  business,
     financial condition and results of operations.

                                       16
<PAGE>



                      PART II - OTHER INFORMATION



Item 1.  LEGAL PROCEEDINGS

     The  Company  and  its  Board  of  Directors  know  of  no  material  legal
     proceedings  pending  to  which  the  Company  is a party  or  which  would
     materially  affect the  Company.  The  Company is  involved  in pending and
     threatened  litigation in the normal course of its business in which claims
     for monetary  damages are asserted.  Management,  after  consultation  with
     legal counsel, does not anticipate the ultimate liability arising from such
     pending or threatened litigation to have a material effect on the financial
     condition of the Company.


Item 5.  OTHER INFORMATION

         Not applicable.

Item 6.  EXHIBITS AND REPORTS ON FORM 8-K

(a)  Exhibits required by Item 601 of Regulation S-K


(2)  None

(3)(i) Restated  Certificate of Incorporation of Allstate Life Insurance Company
     of New York  (Incorporated  herein by reference to the Company's  Form 10-K
     Annual Report for the year ended December 31, 1998)

(3)(ii)  Amended  By-laws  of  Allstate  Life  Insurance  Company  of  New  York
     (Incorporated  herein by reference to the Company's Form 10-K Annual Report
     for the year ended December 31, 1998)

(4)  None

(10) None

(11) Not Required

(15) None

(18) None

(19) None

(22) None

(23) Not required

(24) None

(27) Financial Data Schedule


 (b) Reports on 8-K

     No reports on Form 8-K were filed during the second quarter of 2000.




                                      17
<PAGE>


                              SIGNATURES



Pursuant  to the  requirements  of the  Securities  Exchange  Act of  1934,  the
registrant  has duly  caused  this  report  to be  signed  on its  behalf by the
undersigned thereunto duly authorized, on the 14th day of August 2000.



                           ALLSTATE LIFE INSURANCE COMPANY OF NEW YORK
                           -------------------------------------------
                                  (Registrant)






/s/ THOMAS J. WILSON, II            PRESIDENT
------------------------            (Principal Executive Officer)
 THOMAS J. WILSON, II



/s/ SAMUEL H. PILCH                  CONTROLLER
------------------------             (Chief Accounting Officer)
 SAMUEL H. PILCH







                                       18
<PAGE>

Exhibit Index

Exhibit No.              Exhibit

(27)                Financial Data Schedule











                                       19