PBHG INSURANCE SERIES FUND INC
NSAR-A, 1997-08-28
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<PAGE>      PAGE  1
000 A000000 06/30/97
000 C000000 0001029526
000 D000000 N
000 E000000 NF
000 F000000 Y
000 G000000 N
000 H000000 N
000 I000000 3.0.a
000 J000000 U
001 A000000 PBHG INSURANCE SERIES FUND, INC
001 B000000 811-08009
001 C000000 8003479256
002 A000000 0
002 B000000 WAYNE
002 C000000 PA
002 D010000 19087
003  000000 Y
004  000000 N
005  000000 N
006  000000 N
007 A000000 Y
007 B000000  3
007 C010100  1
007 C020100 PBHG GROWTH II PORTFOLIO
007 C030100 N
007 C010200  2
007 C020200 PBHG LARGE CAP GROWTH PORTFOLIO
007 C030200 N
007 C010300  3
007 C020300 PBHG TECHNOLOGY & COMMUNICATIONS PORTFOLIO
007 C030300 N
008 A00AA01 PILGRIM BAXTER & ASSOCIATES LTD
008 B00AA01 A
008 C00AA01 801-48872
008 D01AA01 WAYNE
008 D02AA01 PA
008 D03AA01 19087
008 D04AA01 1658
010 A00AA01 PBHG FUND SERVICES
010 C01AA01 WAYNE
010 C02AA01 PA
010 C03AA01 19087
010 C04AA01 1658
011 A00AA01 SEI FINANCIAL SERVICES
011 B00AA01 8-27897
011 C01AA01 WAYNE
011 C02AA01 PA
011 C03AA01 19087
011 C04AA01 1658
012 A00AA01 DST SYSTEMS INC
012 B00AA01 84-0000
<PAGE>      PAGE  2
012 C01AA01 KANSAS CITY
012 C02AA01 MO
012 C03AA01 64105
013 A00AA01 COOPERS & LYBRAND LLP
013 B01AA01 PHILADELPHIA
013 B02AA01 PA
013 B03AA01 19103
015 A00AA01 CORESTATES BANK N.A.
015 B00AA01 C
015 C01AA01 PHILADELPHIA
015 C02AA01 PA
015 C03AA01 19103
015 E01AA01 X
018  00AA00 Y
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020 A000001 FIRST BOSTON CORP
020 C000001      0
020 A000002 INVESTMENT TECHNOLOGY GROUP
020 C000002      0
020 A000003 STUART FRANKEL
020 B000003 13-3430942
020 C000003      0
020 A000004 WALL STREET DISCOUNT
020 B000004 13-2932581
020 C000004      0
020 A000005 INSTINET
020 B000005 13-3443395
020 C000005      0
020 A000006 QUAKER SECURITIES
020 C000006      0
020 A000007 SHEARSON LEHMAN
020 B000007 13-2518466
020 C000007      0
020 A000008 BAIRD PATRICK
020 C000008      0
020 A000009 DONALDSON, LUFKIN, & JENRETTE
020 B000009 13-1898818
020 C000009      0
020 A000010 SHIELDS & SHIELDS CO.
020 C000010      0
021  000000        1
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<PAGE>      PAGE  3
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022 A000007 ALEX BROWN
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<PAGE>      PAGE  4
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<PAGE>      PAGE  5
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<PAGE>      PAGE  7
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<PAGE>      PAGE  8
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<PAGE>      PAGE  9
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<PAGE>      PAGE  10
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<PAGE>      PAGE  11
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<PAGE>      PAGE  15
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SIGNATURE   ROBERT DELLACROCE                            
TITLE       DIRECTOR            
 


<TABLE> <S> <C>

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<CIK> 0001029526
<NAME> PBHG INSURANCE SERIES FUND, INC
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   <NAME> GROWTH II INSTITUTIONAL CLASS
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</TABLE>

<TABLE> <S> <C>

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<NAME> PBHG INSURANCE SERIES FUND, INC
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   <NAME> LARGE CAP GROWTH PORTFOLIO INSTITUTIONAL CLASS
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