PBHG INSURANCE SERIES FUND INC
NSAR-A, 1999-08-24
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<PAGE>      PAGE  1
000 A000000 06/30/1999
000 C000000 0001029526
000 D000000 N
000 E000000 NF
000 F000000 Y
000 G000000 N
000 H000000 N
000 I000000 6.1
000 J000000 U
001 A000000 PBHG INSURANCE SERIES FUND, INC
001 B000000 811-08009
001 C000000 8003479256
002 A000000 825 DUPORTAIL ROAD
002 B000000 WAYNE
002 C000000 PA
002 D010000 19087
003  000000 N
004  000000 N
005  000000 N
006  000000 N
007 A000000 Y
007 B000000  7
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
007 C010400  4
007 C020400 PBHG SMALL CAP VALUE PORTFOLIO
007 C030400 N
007 C010500  5
007 C020500 PBHG LARGE CAP VALUE PORTFOLIO
007 C030500 N
007 C010600  6
007 C020600 PBHG SELECT 20 PORTFOLIO
007 C030600 N
007 C010700  7
007 C020700 PBHG MID CAP VALUE PORTFOLIO
007 C030700 N
007 C010800  8
007 C010900  9
007 C011000 10
012 A00AA01 DST SYSTEMS
012 B00AA01 84-0000
012 C01AA01 KANSAS CITY
012 C02AA01 MO
012 C03AA01 64105
<PAGE>      PAGE  2
020 A000001 FIRST BOSTON CORP
020 B000001 13-3757717
020 C000001    147
020 A000002 STUART FRANKELORP
020 B000002 13-3430942
020 C000002    147
020 A000003 SOLOMAN SMITH BARNEY
020 B000003 13-1912900
020 C000003     65
020 A000004 MORGAN STANLEY
020 B000004 13-2655998
020 C000004     63
020 A000005 LEHMAN BROTHERS
020 B000005 13-2927667
020 C000005     58
020 A000006 DEUTSCHE BANK SECURITIES INC.
020 B000006 52-1319768
020 C000006     48
020 A000007 INVESTMENT TECHNOLOGY GROUP
020 B000007 13-3757717
020 C000007     46
020 A000008 DONALDSON LUFKIN JENRETTE
020 B000008 13-1898818
020 C000008     40
020 A000009 GOLDMAN SACHS
020 B000009 13-5108880
020 C000009     38
020 A000010 JANNEY MONTGOMERY SCOTT
020 B000010 13-0731260
020 C000010     37
021  000000     1094
022 A000001 MORGAN STANLEY
022 B000001 13-2655998
022 C000001    366568
022 D000001    344133
022 A000002 JP MORGAN
022 B000002 13-3224016
022 C000002    333666
022 D000002    313359
022 A000003 GREENWICH CAPITAL
022 B000003 13-3172275
022 C000003     99661
022 D000003     81661
022 A000004 GOLDMAN SACHS
022 B000004 13-5108880
022 C000004     84091
022 D000004     61304
022 A000005 LEHMAN BROTHERS
022 B000005 13-2927667
022 C000005     92182
022 D000005     28402
<PAGE>      PAGE  3
022 A000006 SOLOMAN SMITH BARNEY
022 B000006 13-1912900
022 C000006     47246
022 D000006     21526
022 A000007 DEUTSCHE BANK SECURITIES
022 B000007 52-1319768
022 C000007     25462
022 D000007     22660
022 A000008 BANC OF AMERICA
022 B000008 94-1701676
022 C000008     11594
022 D000008     19519
022 A000009 ROBERTSON STEPHENS & COMPANY
022 B000009 94-2524501
022 C000009      7961
022 D000009      6005
022 A000010 WARBURG DILLON REED
022 B000010 13-2932996
022 C000010      7319
022 D000010      6447
023 C000000    1147040
023 D000000     956125
055 A00AA00 N
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025 A000102 CHARLES SCHWAB
<PAGE>      PAGE  4
025 C000102 E
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058 A000100 Y
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<PAGE>      PAGE  5
070 C020100 N
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<PAGE>      PAGE  6
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<PAGE>      PAGE  7
075 A000100        0
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024  000200 Y
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025 A000202 GOLDMAN SACHS GROUP
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058 A000200 Y
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<PAGE>      PAGE  8
059  000200 Y
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070 J010200 Y
070 J020200 N
070 K010200 Y
070 K020200 N
070 L010200 Y
070 L020200 N
070 M010200 Y
070 M020200 N
070 N010200 N
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070 O010200 Y
070 O020200 N
070 P010200 N
070 P020200 N
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070 Q020200 N
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<PAGE>      PAGE  9
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<PAGE>      PAGE  10
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025 A000301 MORGAN AGENCY
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<PAGE>      PAGE  11
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<PAGE>      PAGE  12
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<PAGE>      PAGE  13
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<PAGE>      PAGE  14
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<PAGE>      PAGE  15
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<PAGE>      PAGE  16
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<PAGE>      PAGE  17
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<PAGE>      PAGE  18
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<PAGE>      PAGE  19
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074 L000500       32
074 M000500        0
074 N000500    61729
074 O000500    16606
074 P000500        0
074 Q000500        0
074 R010500        0
074 R020500        0
074 R030500        0
074 R040500      117
074 S000500        0
074 T000500    45006
074 U010500     2887
074 U020500        0
074 V010500    15.59
074 V020500     0.00
074 W000500   0.0000
074 X000500        3
074 Y000500        0
075 A000500        0
075 B000500    35668
076  000500     0.00
024  000600 Y
025 A000601 GREENWICH AGENCY
025 C000601 D
025 D000601   18000
<PAGE>      PAGE  20
025 A000602 JP MORGAN
025 B000602 13-3224016
025 C000602 D
025 D000602   18228
025 A000603 MORGAN AGENCY
025 C000603 D
025 D000603   18000
025 A000604 LEHMAN
025 B000604 13-2927667
025 C000604 D
025 D000604    5261
025 D000605       0
025 D000606       0
025 D000607       0
025 D000608       0
028 A010600     46053
028 A020600         0
028 A030600         0
028 A040600      7415
028 B010600     36075
028 B020600         0
028 B030600         0
028 B040600      3550
028 C010600     19264
028 C020600         0
028 C030600         0
028 C040600     12246
028 D010600     15350
028 D020600         0
028 D030600         0
028 D040600     11265
028 E010600      3631
028 E020600         0
028 E030600         0
028 E040600     12961
028 F010600      3104
028 F020600         0
028 F030600         0
028 F040600     13503
028 G010600    123477
028 G020600         0
028 G030600         0
028 G040600     60940
028 H000600         0
058 A000600 Y
058 B000600 Y
058 C000600 N
058 D000600 N
058 E000600 N
059  000600 Y
060 A000600 N
<PAGE>      PAGE  21
060 B000600 N
061  000600     2500
070 A010600 Y
070 A020600 Y
070 B010600 Y
070 B020600 N
070 C010600 Y
070 C020600 N
070 D010600 Y
070 D020600 N
070 E010600 Y
070 E020600 N
070 F010600 Y
070 F020600 N
070 G010600 Y
070 G020600 N
070 H010600 Y
070 H020600 N
070 I010600 Y
070 I020600 N
070 J010600 Y
070 J020600 N
070 K010600 Y
070 K020600 N
070 L010600 Y
070 L020600 N
070 M010600 Y
070 M020600 N
070 N010600 N
070 N020600 N
070 O010600 Y
070 O020600 N
070 P010600 N
070 P020600 N
070 Q010600 N
070 Q020600 N
070 R010600 N
070 R020600 N
071 A000600    267754
071 B000600    234079
071 C000600    347772
071 D000600   67
072 A000600  6
072 B000600     1073
072 C000600      206
072 D000600        0
072 E000600        0
072 F000600     1705
072 G000600      296
072 H000600        0
072 I000600       11
<PAGE>      PAGE  22
072 J000600        6
072 K000600        0
072 L000600       37
072 M000600       27
072 N000600        0
072 O000600        0
072 P000600        0
072 Q000600        0
072 R000600       19
072 S000600       11
072 T000600        0
072 U000600        1
072 V000600        0
072 W000600        0
072 X000600     2113
072 Y000600        0
072 Z000600     -834
072AA000600    26892
072BB000600        0
072CC010600     7941
072CC020600        0
072DD010600        0
072DD020600        0
072EE000600        0
073 A010600   0.0000
073 A020600   0.0000
073 B000600   0.0000
073 C000600   0.0000
074 A000600        0
074 B000600    59489
074 C000600        0
074 D000600        0
074 E000600        0
074 F000600   351062
074 G000600        0
074 H000600        0
074 I000600        0
074 J000600    19764
074 K000600        0
074 L000600      157
074 M000600        0
074 N000600   430472
074 O000600    10986
074 P000600        0
074 Q000600        0
074 R010600        0
074 R020600        0
074 R030600        0
074 R040600     5024
074 S000600        0
074 T000600   414462
<PAGE>      PAGE  23
074 U010600    23196
074 U020600        0
074 V010600    17.87
074 V020600     0.00
074 W000600   0.0000
074 X000600        5
074 Y000600        0
075 A000600        0
075 B000600   397816
076  000600     0.00
024  000700 Y
025 A000701 MORGAN TREASURY
025 C000701 D
025 D000701      34
025 A000702 PAINE WEBBER GROUP
025 B000702 13-2760086
025 C000702 E
025 D000702       9
025 D000703       0
025 D000704       0
025 D000705       0
025 D000706       0
025 D000707       0
025 D000708       0
028 A010700         0
028 A020700         0
028 A030700         0
028 A040700         0
028 B010700         0
028 B020700         0
028 B030700         0
028 B040700         0
028 C010700         0
028 C020700         0
028 C030700         0
028 C040700         0
028 D010700         0
028 D020700         0
028 D030700         0
028 D040700         0
028 E010700         0
028 E020700         0
028 E030700         0
028 E040700         0
028 F010700         0
028 F020700         0
028 F030700         0
028 F040700         0
028 G010700         0
028 G020700         0
028 G030700         0
<PAGE>      PAGE  24
028 G040700         0
028 H000700         0
058 A000700 Y
058 B000700 Y
058 C000700 N
058 D000700 N
058 E000700 N
059  000700 Y
060 A000700 Y
060 B000700 Y
061  000700     2500
070 A010700 Y
070 A020700 Y
070 B010700 Y
070 B020700 N
070 C010700 Y
070 C020700 N
070 D010700 Y
070 D020700 N
070 E010700 Y
070 E020700 N
070 F010700 Y
070 F020700 N
070 G010700 Y
070 G020700 N
070 H010700 Y
070 H020700 N
070 I010700 Y
070 I020700 N
070 J010700 Y
070 J020700 N
070 K010700 Y
070 K020700 N
070 L010700 Y
070 L020700 N
070 M010700 Y
070 M020700 N
070 N010700 N
070 N020700 N
070 O010700 Y
070 O020700 N
070 P010700 N
070 P020700 N
070 Q010700 N
070 Q020700 N
070 R010700 N
070 R020700 N
071 A000700      3803
071 B000700      3800
071 C000700       555
071 D000700  684
<PAGE>      PAGE  25
072 A000700  6
072 B000700        1
072 C000700        4
072 D000700        0
072 E000700        0
072 F000700        2
072 G000700        1
072 H000700        0
072 I000700       12
072 J000700        3
072 K000700        0
072 L000700        1
072 M000700        0
072 N000700        0
072 O000700        0
072 P000700        0
072 Q000700        0
072 R000700        0
072 S000700        0
072 T000700        0
072 U000700        0
072 V000700        0
072 W000700        0
072 X000700       19
072 Y000700       15
072 Z000700        1
072AA000700      115
072BB000700        0
072CC010700        0
072CC020700       29
072DD010700        0
072DD020700        0
072EE000700        0
073 A010700   0.0000
073 A020700   0.0000
073 B000700   0.0000
073 C000700   0.0000
074 A000700        0
074 B000700       34
074 C000700        0
074 D000700        0
074 E000700        0
074 F000700      635
074 G000700        0
074 H000700        0
074 I000700        0
074 J000700        2
074 K000700        0
074 L000700        0
074 M000700        6
074 N000700      677
<PAGE>      PAGE  26
074 O000700       31
074 P000700        0
074 Q000700        0
074 R010700        0
074 R020700        0
074 R030700        0
074 R040700        4
074 S000700        0
074 T000700      642
074 U010700       50
074 U020700        0
074 V010700    12.84
074 V020700     0.00
074 W000700   0.0000
074 X000700        2
074 Y000700        0
075 A000700        0
075 B000700      574
076  000700     0.00
SIGNATURE   LEE CUMMINGS
TITLE       CONTROLLER



<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0001029526
<NAME> PBHG INSURANCE SERIES
<SERIES>
   <NUMBER> 010
   <NAME> PBHG GROWTH II PORTFOLIO
<MULTIPLIER> 1000

<S>                             <C>
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<EXPENSE-RATIO>                                   1.20


</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0001029526
<NAME> PBHG INSURANCE SERIES
<SERIES>
   <NUMBER> 020
   <NAME> PBHG LARGE CAP GROWTH PORTFOLIO
<MULTIPLIER> 1000

<S>                             <C>
<PERIOD-TYPE>                   6-MOS
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</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0001029526
<NAME> PBHG INSURANCE SERIES
<SERIES>
   <NUMBER> 030
   <NAME> PBHG TECHNOLOGY AND COMMUNICATIONS PORTFOLIO
<MULTIPLIER> 1000

<S>                             <C>
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</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0001029526
<NAME> PBHG INSURANCE SERIES
<SERIES>
   <NUMBER> 040
   <NAME> PBHG SMALL CAP VALUE PORTFOLIO
<MULTIPLIER> 1000

<S>                             <C>
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<PERIOD-START>                             JAN-01-1999
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</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0001029526
<NAME> PBHG INSURANCE SERIES
<SERIES>
   <NUMBER> 050
   <NAME> PBHG LARGE CAP VALUE PORTFOLIO
<MULTIPLIER> 1000

<S>                             <C>
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</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0001029526
<NAME> PBHG INSURANCE SERIES
<SERIES>
   <NUMBER> 060
   <NAME> PBHG SELECT 20 PORTFOLIO
<MULTIPLIER> 1000

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

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<CIK> 0001029526
<NAME> PBHG INSURANCE SERIES
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   <NAME> PBHG MID CAP VALUE PORTFOLIO
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</TABLE>


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