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Proc-Type: 2001,MIC-CLEAR
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<SEC-DOCUMENT>0000059558-01-000016.txt : 20010131
<SEC-HEADER>0000059558-01-000016.hdr.sgml : 20010131
ACCESSION NUMBER:		0000059558-01-000016
CONFORMED SUBMISSION TYPE:	13F-HR
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20001231
FILED AS OF DATE:		20010130

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			LINCOLN NATIONAL CORP
		CENTRAL INDEX KEY:			0000059558
		STANDARD INDUSTRIAL CLASSIFICATION:	LIFE INSURANCE [6311]
		IRS NUMBER:				351140070
		STATE OF INCORPORATION:			IN
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		13F-HR
		SEC ACT:		
		SEC FILE NUMBER:	028-00625
		FILM NUMBER:		1518993

	BUSINESS ADDRESS:	
		STREET 1:		200 E BERRY ST
		STREET 2:		PO BOX 1110
		CITY:			FORT WAYNE
		STATE:			IN
		ZIP:			46802
		BUSINESS PHONE:		2194552000

	MAIL ADDRESS:	
		STREET 1:		200 EAST BERRY STREET
		CITY:			FORT WAYNE
		STATE:			IN
		ZIP:			46802-2706
</SEC-HEADER>
<DOCUMENT>
<TYPE>13F-HR
<SEQUENCE>1
<FILENAME>0001.txt
<DESCRIPTION>LNL FOURTH QUARTER 13F
<TEXT>

<PAGE>
                                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, 2000

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        January 30, 2001
Steven R. Brody
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).)


<PAGE>



                                  FORM 13F SUMMARY PAGE
Report Summary:

Number of Other Included Managers:          1

Form 13F Information Table Entry Total:     2

Form 13F Information Table Value Total:     4,561


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


<PAGE>

<TABLE>

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
<S>                         <C>               <C>         <C>        <C>      <C>  <C>    <C>      <C>      <C>     <C>       <C>

ACME COMMUNICATIONS INC     COM               004631107    1459      159853   SH          SOLE              159853
TEXOIL INC                  COM PAR $0.01     882906506    3102      516942   SH          SOLE              516942


TOTAL                       2 DATA RECORDS                 4561
<PAGE>
</TABLE>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
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