SECURTIES AND EXCHANGE COMMISSION

                             Washington, D.C. 20549

                                    FORM 11-K

                                  ANNUAL REPORT

        Pursuant to Section 15(d) of the Securities Exchange Act of 1934

                   For the fiscal year ended December 31, 2001

                     LINCOLN NATIONAL CORPORATION EXECUTIVE
                           DEFERRED COMPENSATION PLAN
                                   FOR AGENTS
                            (Full title of the Plan)

                     [Current Registration Number 33-51415]

                          Lincoln National Corporation
                               Centre Square West
                         1500 Market Street, Suite 3900
                             Philadelphia, PA 19102

                 (Name of Issuer and principal executive office)






                              REQUIRED INFORMATION

Because the Lincoln National Corporation Executive Deferred Compensation Plan
for Agents is an unfunded plan, no plan financial statements or schedules are
maintained. Accordingly, no financial statements or schedules are filed with
this Annual Report.

                                    SIGNATURE

THE PLAN. Pursuant to the requirements of the Securities Exchange Act of 1934,
the Administrator of the Plan has duly caused this annual report to be signed on
its behalf by the undersigned hereunto duly authorized.

March 29, 2002                           /s/ George E. Davis
                                         --------------------------------------
                                         George E. Davis, Administrator
                                         LINCOLN NATIONAL CORPORATION
                                         EXECUTIVE DEFERRED COMPENATION
                                         PLAN FOR AGENTS