NAVELLIER VARIABLE INSURANCE SERIES FUND INC
24F-2NT, 1999-03-31
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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C.  20549

FORM 24F-2
Annual Notice of Securities Sold 
Pursuant to Rule 24f-2

Read instructions at end of Form before preparing Form. Please print 
or type.

1.  Name and address of issuer:     	Navellier Variable Insurance Fund, Inc.
				1 East Liberty, Third Floor 
				Reno, NV  89501

2.  Name of each series or class of securities for which this Form is filed 
(if the Form is being filed for all series and classes of securities of the 
issuer, check the box but do not list series or classes):  							

3.  Investment Company Act File Number:  811-8079

 	Securities Act File Number:   333-22633

4 (a).	Last day of fiscal year for which this notice is filed:   
	December 31, 1998

4 (b).    Check box if this Form is being filed late (i.e., more than 90 
calendar days after the end of the issuer's fiscal year).    
(See Instruction A.2)
		
Note:  If the Form is being filed late, interest must be paid on the 
registration fee due.

4 (c).  p Check box if this is the last time the issuer will be filing this 
Form.

5.	Calculation of registration fee:

	(I)	Aggregate sale price of securities sold during 
		the fiscal year pursuant to section 24f-2:						 						$100,000

	(ii)	Aggregate price of securities redeemed or
		repurchased during the fiscal year:	$0				

	(iii)	Aggregate price of securities redeemed or
		repurchased during any prior fiscal year ending no
		earlier than October 11, 1995 that were not
		previously used to reduce registration fees payable
		to the Commission:		$0

	(iv)	Total available redemption credits [add Items 5(ii) 
		and 5(iii)]:		               $0     

	(v)	Net sales if Item 5(i) is greater than Item 5(iv)
		[subtract Item 5(iv) from Item 5(i)]:						    						$100,000		 
	
	(vi)	Redemption credits available for use in future years			
		if Item 5(i) is less than Item 5(iv) [subtract Item
		5(iv) from Item 5(i)]:		$(0 )

	(vii)	Multiplier for determining registration fee (See
		Instruction C.9):			x0.000278

	(viii) 	Registration fee due [multiply Item 5(v) by Item
		5(vii)] (enter "0" if no fee is due):	= $28
												


6.	Prepaid Shares

If the response to Item 5(I) was determined by deducting an amount 
of securities that were registered under the Securities Act of 1933 
pursuant to rule 24e-2 as in effect before [effective date of rescission 
of rule 24e-2], then report the amount of securities (number of shares 
or other units) deducted here:        .  If there is a number of 
shares or other units that were registered pursuant to rule 24e-2 
remaining unsold at the end of the fiscal year for which this Form is 
filed that are available for use by the issuer in future fiscal years, then 
state that number here:        .

7.	Interest due  if this Form is being filed more than 90 days 
	after the end of the issuer's fiscal year
	(see Instruction D):												          			+	$ 0

8.	Total of the amount of the registration fee due plus any 
	interest due [line 5(viii) plus line 7):											          		=	 $28

9.	Date the registration fee and any interest payment was sent 
	to the Commission's lockbox depository:   3/31/99   

		Method of Delivery:

				X Wire Transfer
				    Mail or other means

SIGNATURES

This report has been signed below by the following persons on behalf 
of the issuer and in the capacities and on the dates indicated.

By (Signature and Title)*		_\s\ Arjen Kuyper_________ 
				Arjen Kuyper
				Treasurer	

Date: 3/29/99

* Please print the name and title of the signing officer below the signature.





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