<PAGE> PAGE 1
000 B000000 12/31/1999
000 C000000 0001034656
000 D000000 N
000 E000000 NF
000 F000000 Y
000 G000000 N
000 H000000 N
000 I000000 6.1
000 J000000 A
001 A000000 NAVELLIER VARIABLE INSURANCE SERIES FUND
001 B000000 811-08079
001 C000000 8008878671
002 A000000 1 EAST LIBERTY
002 B000000 RENO
002 C000000 NV
002 D010000 89501
003 000000 N
004 000000 N
005 000000 N
006 000000 N
007 A000000 Y
007 B000000 1
007 C010100 1
007 C020100 NAVELLIER VARIABLE INSURANCE SERIES PORTFOLIO
007 C030100 N
007 C010200 2
007 C010300 3
007 C010400 4
007 C010500 5
007 C010600 6
007 C010700 7
007 C010800 8
007 C010900 9
007 C011000 10
008 A00AA01 NAVELLIER MANAGEMENT, INC.
008 B00AA01 A
008 C00AA01 801-45101
008 D01AA01 RENO
008 D02AA01 NV
008 D03AA01 89501
010 A00AA01 NAVELLIER MANAGEMENT, INC.
010 B00AA01 801-45101
010 C01AA01 RENO
010 C02AA01 NV
010 C03AA01 89501
011 A00AA01 NAVELLIER SECURITIES CORP
011 B00AA01 8-7768
011 C01AA01 RENO
011 C02AA01 NV
011 C03AA01 89501
012 A00AA01 RUSHMORE TRUST AND SAVINGS, FSB
<PAGE> PAGE 2
012 B00AA01 84-5451
012 C01AA01 BETHESDA
012 C02AA01 MD
012 C03AA01 20814
013 A00AA01 TAIT, WELLER & BAKER
013 B01AA01 PHILADELPHIA
013 B02AA01 PA
013 B03AA01 19102
014 A00AA01 NAVELLIER SECURITIES CORP
014 B00AA01 8-7768
015 A00AA01 RUSHMORE TRUST AND SAVINGS, FSB
015 B00AA01 C
015 C01AA01 BETHESDA
015 C02AA01 MD
015 C03AA01 20814
015 E01AA01 X
018 00AA00 Y
019 A00AA00 Y
019 B00AA00 10
019 C00AA00 NAVELLIERS
020 A000001 ERNST & CO.
020 B000001 13-3732556
020 C000001 5
020 C000002 0
020 C000003 0
020 C000004 0
020 C000005 0
020 C000006 0
020 C000007 0
020 C000008 0
020 C000009 0
020 C000010 0
021 000000 5
022 A000001 ERNST & CO
022 B000001 13-3732556
022 C000001 192
022 D000001 166
022 C000002 0
022 D000002 0
022 C000003 0
022 D000003 0
022 C000004 0
022 D000004 0
022 C000005 0
022 D000005 0
022 C000006 0
022 D000006 0
022 C000007 0
022 D000007 0
022 C000008 0
022 D000008 0
<PAGE> PAGE 3
022 C000009 0
022 D000009 0
022 C000010 0
022 D000010 0
023 C000000 192
023 D000000 166
024 00AA00 N
025 D00AA01 0
025 D00AA02 0
025 D00AA03 0
025 D00AA04 0
025 D00AA05 0
025 D00AA06 0
025 D00AA07 0
025 D00AA08 0
026 A000000 N
026 B000000 N
026 C000000 N
026 D000000 Y
026 E000000 N
026 F000000 N
026 G010000 N
026 G020000 N
026 H000000 N
027 000000 Y
028 A01AA00 47
028 A02AA00 0
028 A03AA00 0
028 A04AA00 35
028 B01AA00 697
028 B02AA00 0
028 B03AA00 0
028 B04AA00 0
028 C01AA00 272
028 C02AA00 0
028 C03AA00 0
028 C04AA00 0
028 D01AA00 100
028 D02AA00 0
028 D03AA00 0
028 D04AA00 0
028 E01AA00 469
028 E02AA00 0
028 E03AA00 0
028 E04AA00 0
028 F01AA00 100
028 F02AA00 17
028 F03AA00 0
028 F04AA00 1
028 G01AA00 1685
028 G02AA00 17
<PAGE> PAGE 4
028 G03AA00 0
028 G04AA00 36
028 H00AA00 0
029 00AA00 N
030 A00AA00 0
030 B00AA00 0.00
030 C00AA00 0.00
031 A00AA00 0
031 B00AA00 0
032 00AA00 0
033 00AA00 0
034 00AA00 N
035 00AA00 0
036 B00AA00 0
037 00AA00 N
038 00AA00 0
039 00AA00 N
040 00AA00 N
041 00AA00 N
042 A00AA00 0
042 B00AA00 0
042 C00AA00 0
042 D00AA00 0
042 E00AA00 0
042 F00AA00 0
042 G00AA00 0
042 H00AA00 0
043 00AA00 0
044 00AA00 0
045 00AA00 Y
046 00AA00 N
047 00AA00 Y
048 00AA00 0.850
048 A01AA00 0
048 A02AA00 0.000
048 B01AA00 0
048 B02AA00 0.000
048 C01AA00 0
048 C02AA00 0.000
048 D01AA00 0
048 D02AA00 0.000
048 E01AA00 0
048 E02AA00 0.000
048 F01AA00 0
048 F02AA00 0.000
048 G01AA00 0
048 G02AA00 0.000
048 H01AA00 0
048 H02AA00 0.000
048 I01AA00 0
048 I02AA00 0.000
<PAGE> PAGE 5
048 J01AA00 0
048 J02AA00 0.000
048 K01AA00 0
048 K02AA00 0.000
049 00AA00 N
050 00AA00 N
051 00AA00 N
052 00AA00 N
053 A00AA00 N
054 A00AA00 Y
054 B00AA00 Y
054 C00AA00 Y
054 D00AA00 Y
054 E00AA00 Y
054 F00AA00 Y
054 G00AA00 Y
054 H00AA00 Y
054 I00AA00 Y
054 J00AA00 Y
054 K00AA00 Y
054 L00AA00 Y
054 M00AA00 Y
054 N00AA00 Y
054 O00AA00 N
055 A00AA00 N
055 B00AA00 N
056 00AA00 Y
057 00AA00 N
058 A00AA00 N
059 00AA00 Y
060 A00AA00 Y
060 B00AA00 Y
061 00AA00 2000
062 A00AA00 N
062 B00AA00 0.0
062 C00AA00 0.0
062 D00AA00 0.0
062 E00AA00 0.0
062 F00AA00 0.0
062 G00AA00 0.0
062 H00AA00 0.0
062 I00AA00 0.0
062 J00AA00 0.0
062 K00AA00 0.0
062 L00AA00 0.0
062 M00AA00 0.0
062 N00AA00 0.0
062 O00AA00 0.0
062 P00AA00 0.0
062 Q00AA00 0.0
062 R00AA00 0.0
<PAGE> PAGE 6
063 A00AA00 0
063 B00AA00 0.0
066 A00AA00 Y
066 B00AA00 N
066 C00AA00 N
066 D00AA00 Y
066 E00AA00 N
066 F00AA00 N
066 G00AA00 N
067 00AA00 N
068 A00AA00 N
068 B00AA00 N
069 00AA00 N
070 A01AA00 Y
070 A02AA00 N
070 B01AA00 N
070 B02AA00 N
070 C01AA00 N
070 C02AA00 N
070 D01AA00 N
070 D02AA00 N
070 E01AA00 N
070 E02AA00 N
070 F01AA00 N
070 F02AA00 N
070 G01AA00 N
070 G02AA00 N
070 H01AA00 N
070 H02AA00 N
070 I01AA00 N
070 I02AA00 N
070 J01AA00 Y
070 J02AA00 N
070 K01AA00 Y
070 K02AA00 Y
070 L01AA00 Y
070 L02AA00 Y
070 M01AA00 N
070 M02AA00 N
070 N01AA00 Y
070 N02AA00 N
070 O01AA00 Y
070 O02AA00 N
070 P01AA00 N
070 P02AA00 N
070 Q01AA00 N
070 Q02AA00 N
070 R01AA00 Y
070 R02AA00 N
071 A00AA00 2122
071 B00AA00 653
<PAGE> PAGE 7
071 C00AA00 768
071 D00AA00 85
072 A00AA00 12
072 B00AA00 5
072 C00AA00 0
072 D00AA00 0
072 E00AA00 0
072 F00AA00 7
072 G00AA00 2
072 H00AA00 0
072 I00AA00 24
072 J00AA00 0
072 K00AA00 0
072 L00AA00 6
072 M00AA00 12
072 N00AA00 0
072 O00AA00 0
072 P00AA00 0
072 Q00AA00 0
072 R00AA00 3
072 S00AA00 9
072 T00AA00 0
072 U00AA00 4
072 V00AA00 0
072 W00AA00 1
072 X00AA00 68
072 Y00AA00 56
072 Z00AA00 -7
072AA00AA00 0
072BB00AA00 104
072CC01AA00 780
072CC02AA00 0
072DD01AA00 0
072DD02AA00 0
072EE00AA00 17
073 A01AA00 0.0000
073 A02AA00 0.0000
073 B00AA00 0.1300
073 C00AA00 0.0000
074 A00AA00 0
074 B00AA00 0
074 C00AA00 0
074 D00AA00 0
074 E00AA00 0
074 F00AA00 2536
074 G00AA00 0
074 H00AA00 0
074 I00AA00 268
074 J00AA00 0
074 K00AA00 0
074 L00AA00 1
<PAGE> PAGE 8
074 M00AA00 0
074 N00AA00 2805
074 O00AA00 0
074 P00AA00 0
074 Q00AA00 0
074 R01AA00 0
074 R02AA00 0
074 R03AA00 0
074 R04AA00 3
074 S00AA00 0
074 T00AA00 2802
074 U01AA00 130
074 U02AA00 0
074 V01AA00 21.48
074 V02AA00 0.00
074 W00AA00 0.0000
074 X00AA00 2
074 Y00AA00 0
075 A00AA00 0
075 B00AA00 832
076 00AA00 0.00
077 A000000 Y
077 B000000 Y
078 000000 N
080 A00AA00 FEDERAL INSURANCE CO.
080 C00AA00 3700
081 A00AA00 Y
081 B00AA00 24
082 A00AA00 Y
082 B00AA00 25
083 B00AA00 0
084 B00AA00 0
086 A010000 0
086 A020000 0
086 B010000 0
086 B020000 0
086 C010000 0
086 C020000 0
086 D010000 0
086 D020000 0
086 E010000 0
086 E020000 0
086 F010000 0
086 F020000 0
SIGNATURE TIMOTHY N. COAKLEY
TITLE CFO
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0001034656
<NAME> THE VARIABLE INSURANCE SERIES FUNDS
<SERIES>
<NUMBER> 1
<NAME> GROWTH FUND
<MULTIPLIER> 1
<S> <C>
<PERIOD-TYPE> YEAR
<FISCAL-YEAR-END> DEC-31-1999
<PERIOD-START> JAN-01-1999
<PERIOD-END> DEC-31-1999
<INVESTMENTS-AT-COST> 1,979,494
<INVESTMENTS-AT-VALUE> 2,803,783
<RECEIVABLES> 1,125
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 2,804,908
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 3,219
<TOTAL-LIABILITIES> 3,219
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 1,919,683
<SHARES-COMMON-STOCK> 130,408
<SHARES-COMMON-PRIOR> 18,224
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 57,717
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 824,289
<NET-ASSETS> 2,801,689
<DIVIDEND-INCOME> 310
<INTEREST-INCOME> 4,899
<OTHER-INCOME> 0
<EXPENSES-NET> (12,303)
<NET-INVESTMENT-INCOME> (7,094)
<REALIZED-GAINS-CURRENT> 103,746
<APPREC-INCREASE-CURRENT> 779,531
<NET-CHANGE-FROM-OPS> 876,183
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> (17,346)
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 115,039
<NUMBER-OF-SHARES-REDEEMED> (3,676)
<SHARES-REINVESTED> 821
<NET-CHANGE-IN-ASSETS> 2,597,142
<ACCUMULATED-NII-PRIOR> (21,589)
<ACCUMULATED-GAINS-PRIOR> 44,758
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 6,972
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 68,459
<AVERAGE-NET-ASSETS> 832,062
<PER-SHARE-NAV-BEGIN> 11.220
<PER-SHARE-NII> (0.050)
<PER-SHARE-GAIN-APPREC> 10.440
<PER-SHARE-DIVIDEND> 0.000
<PER-SHARE-DISTRIBUTIONS> (0.130)
<RETURNS-OF-CAPITAL> 0.000
<PER-SHARE-NAV-END> 21.480
<EXPENSE-RATIO> 1.500
</TABLE>
REPORT OF INDEPENDENT CERTIFIED PUBLIC ACCOUNTANTS
ON INTERNAL CONTROL STRUCTURE
Board of Directors
Navellier Variable Insurance Series Fund
Reno, Nevada
In planning and performing our audit of the financial statements of Navellier
Growth Portfolio, a series of shares of the Navellier Variable Insurance Series
Fund, for the year ended December 31, 1999, we considered its internal control
structure, including procedures for safeguarding securities, in order to
determine our auditing procedures for the purpose of expressing our opinion on
the financial statements and to comply with the requirements of Form N-SAR, not
to provide assurance on the internal control structure.
The management of the Fund is responsible for establishing and maintaining an
internal control structure. In fulfilling this responsibility, estimates and
judgments by management are required to assess the expected benefits and related
costs of internal control structure policies and procedures. Two of the
objectives of an internal control structure are to provide management with
reasonable, but not absolute, assurance that assets are safeguarded against loss
from unauthorized use or disposition, and that transactions are executed in
accordance with management's authorization and recorded properly to permit
preparation of financial statements in conformity with generally accepted
accounting principles.
Because of inherent limitations in any internal control structure, errors or
irregularities may occur and not be detected. Also, projection of any evaluation
of the structure to future periods is subject to the risk that it may become
inadequate because of changes in conditions or that the effectiveness of the
design and operation may deteriorate.
Our consideration of the internal control structure would not necessarily
disclose all matters in the internal control structure that might be material
weaknesses under standards established by the American Institute of Certified
Public Accountants. A material weakness is a condition in which the design or
operation of the specific internal control structure elements does not reduce to
a relatively low level the risk that errors or irregularities in amounts that
would be material in relation to the financial statements being audited may
occur and not be detected within a timely period by employees in the normal
course of performing their assigned functions. However, we noted no matters
involving the internal control structure, including procedures for safeguarding
securities, that we consider to be material weaknesses, as defined above, as of
December 31, 1999.
This report is intended solely for the information and use of management and
the Securities and Exchange Commission, and should not be used for any other
purpose.
Tait, Weller & Baker
Philadelphia, Pennsylvania
February 18, 2000
