<PAGE> PAGE 1
000 B000000 12/31/98
000 C000000 1043276
000 D000000 N
000 E000000 NF
000 F000000 Y
000 G000000 N
000 H000000 N
000 I000000 3.0.a
000 J000000 A
001 A000000 INVESTORS MARK SERIES FUND, INC.
001 B000000 811-08321
001 C000000 8167515900
002 A000000 700 KARNES BLVD
002 B000000 KANSAS CITY
002 C000000 MO
002 D010000 64108
002 D020000 3306
003 000000 N
004 000000 N
005 000000 N
006 000000 N
007 A000000 Y
007 B000000 9
007 C010100 1
007 C020100 BALANCED PORTFOLIO
007 C030100 N
007 C010200 2
007 C020200 GLOBAL FIXED INCOME PORTFOLIO
007 C030200 N
007 C010300 3
007 C020300 GROWTH & INCOME PORTFOLIO
007 C030300 N
007 C010400 4
007 C020400 INTERMEDIATE FIXED INCOME PORTFOLIO
007 C030400 N
007 C010500 5
007 C020500 LARGE CAP VALUE PORTFOLIO
007 C030500 N
007 C010600 6
007 C020600 LARGE CAP GROWTH PORTFOLIO
007 C030600 N
007 C010700 7
007 C020700 MID CAP EQUITY PORTFOLIO
007 C030700 N
007 C010800 8
007 C020800 SMALL CAP EQUITY PORTFOLIO
007 C030800 N
007 C010900 9
007 C020900 MONEY MARKET PORTFOLIO
007 C030900 N
007 C011000 10
<PAGE> PAGE 2
010 A00AA01 INVESTORS MARK ADVISORS, LLC
010 C01AA01 KANSAS CITY
010 C02AA01 MO
010 C03AA01 64108
011 A00AA01 JONES & BABSON, INC.
011 B00AA01 8-5508
011 C01AA01 KANSAS CITY
011 C02AA01 MO
011 C03AA01 64108
011 C04AA01 3306
012 A00AA01 JONES & BABSON, INC.
012 B00AA01 84-5508
012 C01AA01 KANSAS CITY
012 C02AA01 MO
012 C03AA01 64108
012 C04AA01 3306
013 A00AA01 ERNST & YOUNG LLP
013 B01AA01 KANSAS CITY
013 B02AA01 MO
013 B03AA01 64105
018 00AA00 Y
019 A00AA00 Y
019 B00AA00 9
019 C00AA00 INVESTORSM
020 A000001 SALOMON SMITH BARNEY
020 C000001 3
020 A000002 JEFFERIES
020 C000002 2
020 A000003 MERRILL LYNCH
020 C000003 1
020 A000004 FIRST BOSTON
020 C000004 1
020 A000005 CANTOR FITZGERALD
020 C000005 1
020 A000006 DONALDSON LUFKIN
020 C000006 1
020 A000007 ERNST & CO
020 C000007 1
020 A000008 CAPITAL INSTITUTIONAL
020 C000008 1
020 A000009 COWEN & CO
020 C000009 1
020 A000010 WEEDEN & CO
020 C000010 1
021 000000 28
022 A000001 UMB BANK, NA
022 C000001 118589
022 D000001 0
022 A000002 STATE STREET
022 C000002 51661
022 D000002 0
<PAGE> PAGE 3
022 A000003 GOLDMAN SACHS
022 C000003 8492
022 D000003 2237
022 A000004 MERRILL LYNCH
022 C000004 4662
022 D000004 1276
022 A000005 FIRST BOSTON
022 C000005 4972
022 D000005 450
022 A000006 SALOMON BROTHERS
022 C000006 1696
022 D000006 2347
022 A000007 JP MORGAN
022 C000007 3087
022 D000007 913
022 A000008 DEUTCHE MORGAN GRENFELD
022 C000008 1696
022 D000008 1759
022 A000009 PAINE WEBBER
022 C000009 2849
022 D000009 19
022 A000010 MORGAN STANLEY
022 C000010 2380
022 D000010 281
023 C000000 224950
023 D000000 14647
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 Y
026 C000000 N
026 D000000 Y
026 E000000 N
026 F000000 N
026 G010000 N
026 G020000 N
026 H000000 N
027 000000 Y
029 00AA00 N
030 A00AA00 0
030 B00AA00 0.00
030 C00AA00 0.00
034 00AA00 N
035 00AA00 0
<PAGE> PAGE 4
036 B00AA00 0
037 00AA00 N
038 00AA00 0
039 00AA00 N
040 00AA00 N
049 00AA00 N
050 00AA00 N
051 00AA00 N
052 00AA00 N
053 A00AA00 Y
053 B00AA00 Y
054 A00AA00 Y
054 B00AA00 N
054 C00AA00 N
054 D00AA00 N
054 E00AA00 N
054 F00AA00 N
054 G00AA00 N
054 H00AA00 N
054 I00AA00 N
054 J00AA00 Y
054 K00AA00 N
054 L00AA00 N
054 M00AA00 Y
054 N00AA00 N
054 O00AA00 N
058 A00AA00 N
059 00AA00 Y
060 A00AA00 Y
060 B00AA00 Y
061 00AA00 2000
070 A01AA00 Y
070 A02AA00 Y
070 B01AA00 Y
070 B02AA00 N
070 C01AA00 Y
070 C02AA00 Y
070 D01AA00 Y
070 D02AA00 N
070 E01AA00 Y
070 E02AA00 N
070 F01AA00 Y
070 F02AA00 N
070 G01AA00 Y
070 G02AA00 N
070 H01AA00 Y
070 H02AA00 N
070 I01AA00 N
070 I02AA00 N
070 J01AA00 Y
070 J02AA00 N
<PAGE> PAGE 5
070 K01AA00 Y
070 K02AA00 N
070 L01AA00 Y
070 L02AA00 Y
070 M01AA00 Y
070 M02AA00 Y
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 N
070 R02AA00 N
077 A000000 Y
077 B000000 Y
077 C000000 N
077 D000000 N
077 E000000 N
077 F000000 N
077 G000000 N
077 H000000 N
077 I000000 N
077 J000000 N
077 K000000 N
077 L000000 N
077 M000000 N
077 N000000 N
077 O000000 N
077 P000000 N
077 Q010000 Y
077 Q020000 N
077 Q030000 N
078 000000 N
080 A00AA00 CONTINENTAL INSURANCE CO
080 C00AA00 11550
081 A00AA00 Y
081 B00AA00 43
082 A00AA00 Y
082 B00AA00 50
083 A00AA00 N
083 B00AA00 0
084 A00AA00 N
084 B00AA00 0
085 A00AA00 N
086 A010000 0
086 A020000 0
086 B010000 0
086 B020000 0
<PAGE> PAGE 6
086 C010000 0
086 C020000 0
086 D010000 0
086 D020000 0
086 E010000 0
086 E020000 0
086 F010000 0
086 F020000 0
008 A000101 INVESTORS MARK ADVISORS, LLC
008 B000101 A
008 C000101 801-54917
008 D010101 KANSAS CITY
008 D020101 MO
008 D030101 64108
008 D040101 3306
008 A000102 KORNITZER CAPITAL MANAGEMENT
008 B000102 S
008 C000102 801-34933
008 D010102 SHAWNEE MISSION
008 D020102 KS
008 D030102 66202
015 A000101 UMB BANK N.A.
015 B000101 C
015 C010101 KANSAS CITY
015 C020101 MO
015 C030101 64114
015 E010101 X
019 B000100 0
019 B000100 0
028 A010100 34
028 A020100 0
028 A030100 0
028 A040100 0
028 B010100 7
028 B020100 0
028 B030100 0
028 B040100 2
028 C010100 11
028 C020100 0
028 C030100 0
028 C040100 1
028 D010100 1
028 D020100 0
028 D030100 0
028 D040100 0
028 E010100 21
028 E020100 0
028 E030100 0
028 E040100 0
028 F010100 92
028 F020100 133
<PAGE> PAGE 7
028 F030100 0
028 F040100 1
028 G010100 166
028 G020100 133
028 G030100 0
028 G040100 3
028 H000100 0
045 000100 Y
046 000100 Y
047 000100 Y
048 000100 0.800
048 A010100 0
048 A020100 0.000
048 B010100 0
048 B020100 0.000
048 C010100 0
048 C020100 0.000
048 D010100 0
048 D020100 0.000
048 E010100 0
048 E020100 0.000
048 F010100 0
048 F020100 0.000
048 G010100 0
048 G020100 0.000
048 H010100 0
048 H020100 0.000
048 I010100 0
048 I020100 0.000
048 J010100 0
048 J020100 0.000
048 K010100 0
048 K020100 0.000
055 A000100 Y
055 B000100 N
056 000100 N
057 000100 N
062 A000100 N
062 B000100 0.0
062 C000100 0.0
062 D000100 0.0
062 E000100 0.0
062 F000100 0.0
062 G000100 0.0
062 H000100 0.0
062 I000100 0.0
062 J000100 0.0
062 K000100 0.0
062 L000100 0.0
062 M000100 0.0
062 N000100 0.0
<PAGE> PAGE 8
062 O000100 0.0
062 P000100 0.0
062 Q000100 0.0
062 R000100 0.0
066 A000100 Y
066 B000100 N
066 C000100 N
066 D000100 N
066 E000100 Y
066 F000100 N
066 G000100 N
067 000100 Y
068 A000100 N
068 B000100 N
069 000100 N
071 A000100 3071
071 B000100 1748
071 C000100 2395
071 D000100 73
072 A000100 12
072 B000100 114
072 C000100 43
072 D000100 0
072 E000100 0
072 F000100 21
072 G000100 0
072 H000100 0
072 I000100 0
072 J000100 2
072 K000100 0
072 L000100 0
072 M000100 3
072 N000100 0
072 O000100 0
072 P000100 0
072 Q000100 0
072 R000100 13
072 S000100 0
072 T000100 0
072 U000100 0
072 V000100 0
072 W000100 3
072 X000100 42
072 Y000100 18
072 Z000100 133
072AA000100 6
072BB000100 0
072CC010100 0
072CC020100 304
072DD010100 133
072DD020100 0
<PAGE> PAGE 9
072EE000100 0
073 A010100 0.4700
073 A020100 0.0000
073 B000100 0.0000
073 C000100 0.0000
074 A000100 5
074 B000100 120
074 C000100 0
074 D000100 986
074 E000100 354
074 F000100 1140
074 G000100 0
074 H000100 0
074 I000100 0
074 J000100 0
074 K000100 0
074 L000100 41
074 M000100 0
074 N000100 2646
074 O000100 0
074 P000100 0
074 Q000100 0
074 R010100 0
074 R020100 0
074 R030100 0
074 R040100 2
074 S000100 0
074 T000100 2644
074 U010100 298
074 U020100 0
074 V010100 8.88
074 V020100 0.00
074 W000100 0.0000
074 X000100 5
074 Y000100 0
075 A000100 0
075 B000100 2660
076 000100 0.00
008 A000201 INVESTORS MARK ADVISORS, LLC
008 B000201 A
008 C000201 801-54917
008 D010201 KANSAS CITY
008 D020201 MO
008 D030201 64108
008 A000202 STANDISH AYER & WOOD
008 B000202 S
008 C000202 801-584
008 D010202 BOSTON
008 D020202 MA
008 D030202 02111
015 A000201 INVESTORS FIDUCIARY TRUST COMPANY
<PAGE> PAGE 10
015 B000201 C
015 C010201 KANSAS CITY
015 C020201 MO
015 C030201 64105
015 E010201 X
028 A010200 0
028 A020200 0
028 A030200 0
028 A040200 0
028 B010200 0
028 B020200 0
028 B030200 0
028 B040200 0
028 C010200 0
028 C020200 0
028 C030200 0
028 C040200 0
028 D010200 0
028 D020200 0
028 D030200 0
028 D040200 2
028 E010200 0
028 E020200 0
028 E030200 0
028 E040200 0
028 F010200 2
028 F020200 456
028 F030200 0
028 F040200 0
028 G010200 2
028 G020200 456
028 G030200 0
028 G040200 2
028 H000200 0
045 000200 Y
046 000200 Y
047 000200 Y
048 000200 0.750
048 A010200 0
048 A020200 0.000
048 B010200 0
048 B020200 0.000
048 C010200 0
048 C020200 0.000
048 D010200 0
048 D020200 0.000
048 E010200 0
048 E020200 0.000
048 F010200 0
048 F020200 0.000
048 G010200 0
<PAGE> PAGE 11
048 G020200 0.000
048 H010200 0
048 H020200 0.000
048 I010200 0
048 I020200 0.000
048 J010200 0
048 J020200 0.000
048 K010200 0
048 K020200 0.000
055 A000200 Y
055 B000200 N
056 000200 N
057 000200 N
062 A000200 Y
062 B000200 0.0
062 C000200 0.0
062 D000200 0.9
062 E000200 0.0
062 F000200 0.0
062 G000200 0.0
062 H000200 0.0
062 I000200 0.0
062 J000200 0.0
062 K000200 0.0
062 L000200 0.0
062 M000200 3.3
062 N000200 7.7
062 O000200 0.0
062 P000200 49.6
062 Q000200 38.3
062 R000200 0.0
063 A000200 0
063 B000200 10.2
064 A000200 N
064 B000200 N
066 A000200 N
067 000200 N
068 A000200 N
068 B000200 N
069 000200 N
071 A000200 9717
071 B000200 9368
071 C000200 5064
071 D000200 185
072 A000200 12
072 B000200 338
072 C000200 0
072 D000200 0
072 E000200 0
072 F000200 40
072 G000200 0
<PAGE> PAGE 12
072 H000200 0
072 I000200 0
072 J000200 17
072 K000200 0
072 L000200 0
072 M000200 3
072 N000200 0
072 O000200 0
072 P000200 0
072 Q000200 0
072 R000200 14
072 S000200 0
072 T000200 0
072 U000200 0
072 V000200 0
072 W000200 4
072 X000200 78
072 Y000200 25
072 Z000200 285
072AA000200 136
072BB000200 0
072CC010200 0
072CC020200 52
072DD010200 426
072DD020200 0
072EE000200 30
073 A010200 0.5400
073 A020200 0.0000
073 B000200 0.0600
073 C000200 0.3000
074 A000200 0
074 B000200 50
074 C000200 0
074 D000200 5420
074 E000200 19
074 F000200 0
074 G000200 0
074 H000200 0
074 I000200 60
074 J000200 0
074 K000200 0
074 L000200 121
074 M000200 40
074 N000200 5710
074 O000200 0
074 P000200 0
074 Q000200 0
074 R010200 0
074 R020200 0
074 R030200 110
074 R040200 117
<PAGE> PAGE 13
074 S000200 0
074 T000200 5483
074 U010200 552
074 U020200 0
074 V010200 9.92
074 V020200 0.00
074 W000200 0.0000
074 X000200 4
074 Y000200 0
075 A000200 0
075 B000200 5285
076 000200 0.00
008 A000301 INVESTORS MARK ADVISORS, LLC
008 B000301 A
008 C000301 801-54917
008 D010301 KANSAS CITY
008 D020301 MO
008 D030301 64108
008 A000302 LORD ABBET & CO
008 B000302 S
008 C000302 801-6997
008 D010302 NEW YORK
008 D020302 NY
008 D030302 10153
015 A000301 UMB BANK, N.A.
015 B000301 C
015 C010301 KANSAS CITY
015 C020301 MO
015 C030301 64114
015 E010301 X
028 A010300 12
028 A020300 0
028 A030300 0
028 A040300 0
028 B010300 2
028 B020300 0
028 B030300 0
028 B040300 1
028 C010300 11
028 C020300 0
028 C030300 0
028 C040300 0
028 D010300 29
028 D020300 0
028 D030300 0
028 D040300 1
028 E010300 1
028 E020300 0
028 E030300 0
028 E040300 0
028 F010300 4
<PAGE> PAGE 14
028 F020300 30
028 F030300 0
028 F040300 3
028 G010300 59
028 G020300 30
028 G030300 0
028 G040300 5
028 H000300 0
045 000300 Y
046 000300 Y
047 000300 Y
048 000300 0.800
048 A010300 0
048 A020300 0.000
048 B010300 0
048 B020300 0.000
048 C010300 0
048 C020300 0.000
048 D010300 0
048 D020300 0.000
048 E010300 0
048 E020300 0.000
048 F010300 0
048 F020300 0.000
048 G010300 0
048 G020300 0.000
048 H010300 0
048 H020300 0.000
048 I010300 0
048 I020300 0.000
048 J010300 0
048 J020300 0.000
048 K010300 0
048 K020300 0.000
055 A000300 Y
055 B000300 N
056 000300 N
057 000300 N
062 A000300 N
062 B000300 0.0
062 C000300 0.0
062 D000300 0.0
062 E000300 0.0
062 F000300 0.0
062 G000300 0.0
062 H000300 0.0
062 I000300 0.0
062 J000300 0.0
062 K000300 0.0
062 L000300 0.0
062 M000300 0.0
<PAGE> PAGE 15
062 N000300 0.0
062 O000300 0.0
062 P000300 0.0
062 Q000300 0.0
062 R000300 0.0
066 A000300 Y
066 B000300 N
066 C000300 N
066 D000300 N
066 E000300 Y
066 F000300 N
066 G000300 N
067 000300 N
068 A000300 N
068 B000300 N
069 000300 N
071 A000300 2206
071 B000300 1862
071 C000300 2450
071 D000300 76
072 A000300 12
072 B000300 0
072 C000300 54
072 D000300 0
072 E000300 0
072 F000300 20
072 G000300 0
072 H000300 0
072 I000300 0
072 J000300 5
072 K000300 0
072 L000300 0
072 M000300 3
072 N000300 0
072 O000300 0
072 P000300 0
072 Q000300 0
072 R000300 13
072 S000300 0
072 T000300 0
072 U000300 0
072 V000300 0
072 W000300 3
072 X000300 44
072 Y000300 21
072 Z000300 31
072AA000300 0
072BB000300 72
072CC010300 332
072CC020300 0
072DD010300 30
<PAGE> PAGE 16
072DD020300 0
072EE000300 0
073 A010300 0.1280
073 A020300 0.0000
073 B000300 0.0000
073 C000300 0.0000
074 A000300 89
074 B000300 0
074 C000300 0
074 D000300 0
074 E000300 62
074 F000300 2604
074 G000300 0
074 H000300 0
074 I000300 0
074 J000300 7
074 K000300 0
074 L000300 6
074 M000300 0
074 N000300 2768
074 O000300 0
074 P000300 0
074 Q000300 0
074 R010300 0
074 R020300 0
074 R030300 0
074 R040300 2
074 S000300 0
074 T000300 2766
074 U010300 240
074 U020300 0
074 V010300 11.53
074 V020300 0.00
074 W000300 0.0000
074 X000300 4
074 Y000300 0
075 A000300 0
075 B000300 2535
076 000300 0.00
008 A000401 INVESTORS MARK ADVISORS, LLC
008 B000401 A
008 C000401 801-54917
008 D010401 KANSAS CITY
008 D020401 MO
008 D030401 64108
008 A000402 STANDISH AYER & WOOD, INC
008 B000402 S
008 C000402 801-584
008 D010402 BOSTON
008 D020402 MA
008 D030402 02111
<PAGE> PAGE 17
015 A000401 INVESTORS FIDUCIARY TRUST COMPANY
015 B000401 C
015 C010401 KANSAS CITY
015 C020401 MO
015 C030401 64105
015 E010401 X
028 A010400 0
028 A020400 0
028 A030400 0
028 A040400 0
028 B010400 1
028 B020400 0
028 B030400 0
028 B040400 0
028 C010400 1
028 C020400 0
028 C030400 0
028 C040400 0
028 D010400 0
028 D020400 0
028 D030400 0
028 D040400 2
028 E010400 20
028 E020400 0
028 E030400 0
028 E040400 0
028 F010400 77
028 F020400 144
028 F030400 0
028 F040400 2
028 G010400 99
028 G020400 144
028 G030400 0
028 G040400 4
028 H000400 0
045 000400 Y
046 000400 Y
047 000400 Y
048 000400 0.600
048 A010400 0
048 A020400 0.000
048 B010400 0
048 B020400 0.000
048 C010400 0
048 C020400 0.000
048 D010400 0
048 D020400 0.000
048 E010400 0
048 E020400 0.000
048 F010400 0
048 F020400 0.000
<PAGE> PAGE 18
048 G010400 0
048 G020400 0.000
048 H010400 0
048 H020400 0.000
048 I010400 0
048 I020400 0.000
048 J010400 0
048 J020400 0.000
048 K010400 0
048 K020400 0.000
055 A000400 Y
055 B000400 N
056 000400 N
057 000400 N
062 A000400 Y
062 B000400 0.0
062 C000400 0.0
062 D000400 2.3
062 E000400 0.0
062 F000400 0.0
062 G000400 0.0
062 H000400 0.0
062 I000400 0.0
062 J000400 0.0
062 K000400 0.0
062 L000400 0.0
062 M000400 10.5
062 N000400 31.5
062 O000400 0.0
062 P000400 46.7
062 Q000400 4.9
062 R000400 0.0
063 A000400 0
063 B000400 16.8
064 A000400 N
064 B000400 N
066 A000400 N
067 000400 N
068 A000400 N
068 B000400 N
069 000400 N
071 A000400 3199
071 B000400 2791
071 C000400 2114
071 D000400 132
072 A000400 12
072 B000400 147
072 C000400 1
072 D000400 0
072 E000400 0
072 F000400 14
<PAGE> PAGE 19
072 G000400 0
072 H000400 0
072 I000400 0
072 J000400 12
072 K000400 0
072 L000400 0
072 M000400 3
072 N000400 0
072 O000400 0
072 P000400 0
072 Q000400 0
072 R000400 13
072 S000400 0
072 T000400 0
072 U000400 0
072 V000400 0
072 W000400 3
072 X000400 45
072 Y000400 27
072 Z000400 130
072AA000400 30
072BB000400 0
072CC010400 0
072CC020400 47
072DD010400 128
072DD020400 0
072EE000400 16
073 A010400 0.5600
073 A020400 0.0000
073 B000400 0.0700
073 C000400 0.0000
074 A000400 49
074 B000400 57
074 C000400 0
074 D000400 2263
074 E000400 19
074 F000400 0
074 G000400 0
074 H000400 0
074 I000400 0
074 J000400 0
074 K000400 0
074 L000400 27
074 M000400 0
074 N000400 2415
074 O000400 0
074 P000400 0
074 Q000400 0
074 R010400 0
074 R020400 0
074 R030400 0
<PAGE> PAGE 20
074 R040400 0
074 S000400 0
074 T000400 2415
074 U010400 243
074 U020400 0
074 V010400 9.95
074 V020400 0.00
074 W000400 0.0000
074 X000400 5
074 Y000400 0
075 A000400 0
075 B000400 2261
076 000400 0.00
008 A000501 INVESTORS MARK ADVISORS, LLC
008 B000501 A
008 C000501 801-54917
008 D010501 KANSAS CITY
008 D020501 MO
008 D030501 64108
008 A000502 DAVID L. BABSON & CO, INC.
008 B000502 S
008 C000502 801-241
008 D010502 CAMBRIDGE
008 D020502 MA
008 D030502 02142
008 D040502 1300
015 A000501 UMB BANK, N.A.
015 B000501 C
015 C010501 KANSAS CITY
015 C020501 MO
015 C030501 64114
015 E010501 X
028 A010500 12
028 A020500 0
028 A030500 0
028 A040500 0
028 B010500 5
028 B020500 0
028 B030500 0
028 B040500 1
028 C010500 10
028 C020500 0
028 C030500 0
028 C040500 0
028 D010500 91
028 D020500 0
028 D030500 0
028 D040500 0
028 E010500 5
028 E020500 0
028 E030500 0
<PAGE> PAGE 21
028 E040500 0
028 F010500 276
028 F020500 92
028 F030500 0
028 F040500 3
028 G010500 399
028 G020500 92
028 G030500 0
028 G040500 4
028 H000500 0
045 000500 Y
046 000500 Y
047 000500 Y
048 000500 0.800
048 A010500 0
048 A020500 0.000
048 B010500 0
048 B020500 0.000
048 C010500 0
048 C020500 0.000
048 D010500 0
048 D020500 0.000
048 E010500 0
048 E020500 0.000
048 F010500 0
048 F020500 0.000
048 G010500 0
048 G020500 0.000
048 H010500 0
048 H020500 0.000
048 I010500 0
048 I020500 0.000
048 J010500 0
048 J020500 0.000
048 K010500 0
048 K020500 0.000
055 A000500 Y
055 B000500 N
056 000500 N
057 000500 N
062 A000500 N
062 B000500 0.0
062 C000500 0.0
062 D000500 0.0
062 E000500 0.0
062 F000500 0.0
062 G000500 0.0
062 H000500 0.0
062 I000500 0.0
062 J000500 0.0
062 K000500 0.0
<PAGE> PAGE 22
062 L000500 0.0
062 M000500 0.0
062 N000500 0.0
062 O000500 0.0
062 P000500 0.0
062 Q000500 0.0
062 R000500 0.0
066 A000500 Y
066 B000500 N
066 C000500 N
066 D000500 Y
066 E000500 N
066 F000500 N
066 G000500 N
067 000500 N
068 A000500 N
068 B000500 N
069 000500 N
071 A000500 1170
071 B000500 498
071 C000500 2767
071 D000500 18
072 A000500 12
072 B000500 3
072 C000500 64
072 D000500 0
072 E000500 0
072 F000500 23
072 G000500 0
072 H000500 0
072 I000500 0
072 J000500 3
072 K000500 0
072 L000500 0
072 M000500 3
072 N000500 0
072 O000500 0
072 P000500 0
072 Q000500 0
072 R000500 13
072 S000500 0
072 T000500 0
072 U000500 0
072 V000500 0
072 W000500 2
072 X000500 44
072 Y000500 18
072 Z000500 41
072AA000500 38
072BB000500 0
072CC010500 60
<PAGE> PAGE 23
072CC020500 0
072DD010500 44
072DD020500 0
072EE000500 48
073 A010500 0.1400
073 A020500 0.0000
073 B000500 0.1500
073 C000500 0.0000
074 A000500 0
074 B000500 360
074 C000500 0
074 D000500 0
074 E000500 0
074 F000500 3104
074 G000500 0
074 H000500 0
074 I000500 0
074 J000500 0
074 K000500 0
074 L000500 2
074 M000500 0
074 N000500 3466
074 O000500 238
074 P000500 0
074 Q000500 0
074 R010500 0
074 R020500 0
074 R030500 0
074 R040500 3
074 S000500 0
074 T000500 3225
074 U010500 327
074 U020500 0
074 V010500 9.88
074 V020500 0.00
074 W000500 0.0000
074 X000500 5
074 Y000500 0
075 A000500 0
075 B000500 2877
076 000500 0.00
008 A000601 INVESTORS MARK ADVISORS, LLC
008 B000601 A
008 C000601 801-54917
008 D010601 KANSAS CITY
008 D020601 MO
008 D030601 64108
008 A000602 STEIN ROE & FARNHAM, INC.
008 B000602 S
008 C000602 801-27653
008 D010602 CHICAGO
<PAGE> PAGE 24
008 D020602 IL
008 D030602 60606
015 A000601 UMB BANK, N.A.
015 B000601 C
015 C010601 KANSAS CITY
015 C020601 MO
015 C030601 64114
015 E010601 X
028 A010600 0
028 A020600 0
028 A030600 0
028 A040600 3
028 B010600 0
028 B020600 0
028 B030600 0
028 B040600 0
028 C010600 10
028 C020600 0
028 C030600 0
028 C040600 0
028 D010600 81
028 D020600 0
028 D030600 0
028 D040600 0
028 E010600 18
028 E020600 0
028 E030600 0
028 E040600 0
028 F010600 122
028 F020600 2
028 F030600 0
028 F040600 1
028 G010600 231
028 G020600 2
028 G030600 0
028 G040600 4
028 H000600 0
045 000600 Y
046 000600 Y
047 000600 Y
048 000600 0.800
048 A010600 0
048 A020600 0.000
048 B010600 0
048 B020600 0.000
048 C010600 0
048 C020600 0.000
048 D010600 0
048 D020600 0.000
048 E010600 0
048 E020600 0.000
<PAGE> PAGE 25
048 F010600 0
048 F020600 0.000
048 G010600 0
048 G020600 0.000
048 H010600 0
048 H020600 0.000
048 I010600 0
048 I020600 0.000
048 J010600 0
048 J020600 0.000
048 K010600 0
048 K020600 0.000
055 A000600 Y
055 B000600 N
056 000600 N
057 000600 N
062 A000600 N
062 B000600 0.0
062 C000600 0.0
062 D000600 0.0
062 E000600 0.0
062 F000600 0.0
062 G000600 0.0
062 H000600 0.0
062 I000600 0.0
062 J000600 0.0
062 K000600 0.0
062 L000600 0.0
062 M000600 0.0
062 N000600 0.0
062 O000600 0.0
062 P000600 0.0
062 Q000600 0.0
062 R000600 0.0
066 A000600 Y
066 B000600 N
066 C000600 N
066 D000600 Y
066 E000600 N
066 F000600 N
066 G000600 N
067 000600 N
068 A000600 N
068 B000600 N
069 000600 N
071 A000600 1196
071 B000600 1135
071 C000600 2316
071 D000600 49
072 A000600 12
072 B000600 4
<PAGE> PAGE 26
072 C000600 17
072 D000600 0
072 E000600 0
072 F000600 20
072 G000600 0
072 H000600 0
072 I000600 0
072 J000600 2
072 K000600 0
072 L000600 0
072 M000600 3
072 N000600 0
072 O000600 0
072 P000600 0
072 Q000600 0
072 R000600 13
072 S000600 0
072 T000600 0
072 U000600 0
072 V000600 0
072 W000600 2
072 X000600 40
072 Y000600 18
072 Z000600 -1
072AA000600 0
072BB000600 117
072CC010600 685
072CC020600 0
072DD010600 1
072DD020600 0
072EE000600 1
073 A010600 0.0041
073 A020600 0.0000
073 B000600 0.0036
073 C000600 0.0000
074 A000600 10
074 B000600 270
074 C000600 0
074 D000600 0
074 E000600 0
074 F000600 2715
074 G000600 0
074 H000600 0
074 I000600 0
074 J000600 0
074 K000600 0
074 L000600 1
074 M000600 0
074 N000600 2996
074 O000600 0
074 P000600 0
<PAGE> PAGE 27
074 Q000600 0
074 R010600 0
074 R020600 0
074 R030600 0
074 R040600 3
074 S000600 0
074 T000600 2993
074 U010600 225
074 U020600 0
074 V010600 13.31
074 V020600 0.00
074 W000600 0.0000
074 X000600 5
074 Y000600 0
075 A000600 0
075 B000600 2437
076 000600 0.00
008 A000701 INVESTORS MARK ADVISORS, LLC
008 B000701 A
008 C000701 801-54917
008 D010701 KANSAS CITY
008 D020701 MO
008 D030701 64108
008 A000702 STANDISH AYER & WOOD, INC.
008 B000702 S
008 C000702 801-584
008 D010702 BOSTON
008 D020702 MA
008 D030702 02111
015 A000701 INVESTORS FIDUCIARY TRUST COMPANY
015 B000701 C
015 C010701 KANSAS CITY
015 C020701 MO
015 C030701 64105
015 E010701 X
028 A010700 6
028 A020700 0
028 A030700 0
028 A040700 0
028 B010700 4
028 B020700 0
028 B030700 0
028 B040700 2
028 C010700 0
028 C020700 0
028 C030700 0
028 C040700 0
028 D010700 90
028 D020700 0
028 D030700 0
028 D040700 0
<PAGE> PAGE 28
028 E010700 1
028 E020700 0
028 E030700 0
028 E040700 0
028 F010700 3
028 F020700 24
028 F030700 0
028 F040700 2
028 G010700 104
028 G020700 24
028 G030700 0
028 G040700 4
028 H000700 0
045 000700 Y
046 000700 Y
047 000700 Y
048 000700 0.800
048 A010700 0
048 A020700 0.000
048 B010700 0
048 B020700 0.000
048 C010700 0
048 C020700 0.000
048 D010700 0
048 D020700 0.000
048 E010700 0
048 E020700 0.000
048 F010700 0
048 F020700 0.000
048 G010700 0
048 G020700 0.000
048 H010700 0
048 H020700 0.000
048 I010700 0
048 I020700 0.000
048 J010700 0
048 J020700 0.000
048 K010700 0
048 K020700 0.000
055 A000700 N
055 B000700 N
056 000700 N
057 000700 N
062 A000700 N
062 B000700 0.0
062 C000700 0.0
062 D000700 0.0
062 E000700 0.0
062 F000700 0.0
062 G000700 0.0
062 H000700 0.0
<PAGE> PAGE 29
062 I000700 0.0
062 J000700 0.0
062 K000700 0.0
062 L000700 0.0
062 M000700 0.0
062 N000700 0.0
062 O000700 0.0
062 P000700 0.0
062 Q000700 0.0
062 R000700 0.0
066 A000700 Y
066 B000700 N
066 C000700 N
066 D000700 Y
066 E000700 N
066 F000700 N
066 G000700 N
067 000700 N
068 A000700 N
068 B000700 N
069 000700 N
071 A000700 3863
071 B000700 3677
071 C000700 2215
071 D000700 166
072 A000700 12
072 B000700 2
072 C000700 27
072 D000700 0
072 E000700 0
072 F000700 18
072 G000700 0
072 H000700 0
072 I000700 0
072 J000700 16
072 K000700 0
072 L000700 0
072 M000700 3
072 N000700 0
072 O000700 0
072 P000700 0
072 Q000700 0
072 R000700 13
072 S000700 0
072 T000700 0
072 U000700 0
072 V000700 0
072 W000700 4
072 X000700 54
072 Y000700 34
072 Z000700 9
<PAGE> PAGE 30
072AA000700 0
072BB000700 49
072CC010700 214
072CC020700 0
072DD010700 7
072DD020700 0
072EE000700 18
073 A010700 0.0300
073 A020700 0.0000
073 B000700 0.0800
073 C000700 0.0000
074 A000700 1
074 B000700 21
074 C000700 0
074 D000700 0
074 E000700 0
074 F000700 2437
074 G000700 0
074 H000700 0
074 I000700 0
074 J000700 6
074 K000700 0
074 L000700 4
074 M000700 0
074 N000700 2469
074 O000700 0
074 P000700 0
074 Q000700 0
074 R010700 0
074 R020700 0
074 R030700 0
074 R040700 1
074 S000700 0
074 T000700 2468
074 U010700 222
074 U020700 0
074 V010700 11.11
074 V020700 0.00
074 W000700 0.0000
074 X000700 4
074 Y000700 0
075 A000700 0
075 B000700 2273
076 000700 0.00
008 A000801 INVESTORS MARK ADVISORS, LLC
008 B000801 A
008 C000801 801-54917
008 D010801 KANSAS CITY
008 D020801 MO
008 D030801 64108
008 A000802 STEIN ROE & FARNHAM, INC
<PAGE> PAGE 31
008 B000802 S
008 C000802 801-27653
008 D010802 CHICAGO
008 D020802 IL
008 D030802 60606
015 A000801 UMB BANK, N.A.
015 B000801 C
015 C010801 KANSAS CITY
015 C020801 MO
015 C030801 64114
015 E010801 X
018 000800 Y
019 A000800 N
019 B000800 0
019 C000800 INVESTORSM
028 A010800 3
028 A020800 0
028 A030800 0
028 A040800 0
028 B010800 1
028 B020800 0
028 B030800 0
028 B040800 0
028 C010800 0
028 C020800 0
028 C030800 0
028 C040800 0
028 D010800 71
028 D020800 0
028 D030800 0
028 D040800 0
028 E010800 1
028 E020800 0
028 E030800 0
028 E040800 0
028 F010800 3
028 F020800 1
028 F030800 0
028 F040800 1
028 G010800 79
028 G020800 1
028 G030800 0
028 G040800 1
028 H000800 0
045 000800 Y
046 000800 Y
047 000800 Y
048 000800 0.950
048 A010800 0
048 A020800 0.000
048 B010800 0
<PAGE> PAGE 32
048 B020800 0.000
048 C010800 0
048 C020800 0.000
048 D010800 0
048 D020800 0.000
048 E010800 0
048 E020800 0.000
048 F010800 0
048 F020800 0.000
048 G010800 0
048 G020800 0.000
048 H010800 0
048 H020800 0.000
048 I010800 0
048 I020800 0.000
048 J010800 0
048 J020800 0.000
048 K010800 0
048 K020800 0.000
055 A000800 Y
055 B000800 N
056 000800 N
057 000800 N
062 A000800 N
062 B000800 0.0
062 C000800 0.0
062 D000800 0.0
062 E000800 0.0
062 F000800 0.0
062 G000800 0.0
062 H000800 0.0
062 I000800 0.0
062 J000800 0.0
062 K000800 0.0
062 L000800 0.0
062 M000800 0.0
062 N000800 0.0
062 O000800 0.0
062 P000800 0.0
062 Q000800 0.0
062 R000800 0.0
066 A000800 Y
066 B000800 N
066 C000800 N
066 D000800 Y
066 E000800 N
066 F000800 N
066 G000800 N
067 000800 N
068 A000800 N
068 B000800 N
<PAGE> PAGE 33
069 000800 N
071 A000800 2231
071 B000800 2303
071 C000800 1745
071 D000800 132
072 A000800 12
072 B000800 4
072 C000800 6
072 D000800 0
072 E000800 0
072 F000800 17
072 G000800 0
072 H000800 0
072 I000800 0
072 J000800 6
072 K000800 0
072 L000800 0
072 M000800 3
072 N000800 0
072 O000800 0
072 P000800 0
072 Q000800 0
072 R000800 13
072 S000800 0
072 T000800 0
072 U000800 0
072 V000800 0
072 W000800 3
072 X000800 42
072 Y000800 23
072 Z000800 -9
072AA000800 0
072BB000800 573
072CC010800 270
072CC020800 0
072DD010800 1
072DD020800 0
072EE000800 0
073 A010800 0.0035
073 A020800 0.0000
073 B000800 0.0000
073 C000800 0.0000
074 A000800 26
074 B000800 240
074 C000800 0
074 D000800 0
074 E000800 0
074 F000800 1526
074 G000800 0
074 H000800 0
074 I000800 0
<PAGE> PAGE 34
074 J000800 9
074 K000800 0
074 L000800 1
074 M000800 0
074 N000800 1802
074 O000800 14
074 P000800 0
074 Q000800 0
074 R010800 0
074 R020800 0
074 R030800 0
074 R040800 2
074 S000800 0
074 T000800 1786
074 U010800 220
074 U020800 0
074 V010800 8.14
074 V020800 0.00
074 W000800 0.0000
074 X000800 4
074 Y000800 0
075 A000800 0
075 B000800 1840
076 000800 0.00
008 A000901 INVESTORS MARK ADVISORS, LLC
008 B000901 A
008 C000901 801-54917
008 D010901 KANSAS CITY
008 D020901 MO
008 D030901 64108
008 A000902 STANDISH AYERS & WOOD, INC
008 B000902 S
008 C000902 801-584
008 D010902 BOSTON
008 D020902 MA
008 D030902 02111
015 A000901 INVESTORS FIDUCIARY TRUST COMPANY
015 B000901 C
015 C010901 KANSAS CITY
015 C020901 MO
015 C030901 64105
015 E010901 X
028 A010900 26
028 A020900 5
028 A030900 0
028 A040900 33
028 B010900 55
028 B020900 6
028 B030900 0
028 B040900 7
028 C010900 42
<PAGE> PAGE 35
028 C020900 4
028 C030900 0
028 C040900 39
028 D010900 0
028 D020900 4
028 D030900 0
028 D040900 42
028 E010900 0
028 E020900 4
028 E030900 0
028 E040900 0
028 F010900 184
028 F020900 4
028 F030900 0
028 F040900 0
028 G010900 307
028 G020900 27
028 G030900 0
028 G040900 121
028 H000900 0
045 000900 Y
046 000900 Y
047 000900 Y
048 000900 0.400
048 A010900 0
048 A020900 0.000
048 B010900 0
048 B020900 0.000
048 C010900 0
048 C020900 0.000
048 D010900 0
048 D020900 0.000
048 E010900 0
048 E020900 0.000
048 F010900 0
048 F020900 0.000
048 G010900 0
048 G020900 0.000
048 H010900 0
048 H020900 0.000
048 I010900 0
048 I020900 0.000
048 J010900 0
048 J020900 0.000
048 K010900 0
048 K020900 0.000
055 A000900 Y
055 B000900 N
056 000900 N
057 000900 N
062 A000900 Y
<PAGE> PAGE 36
062 B000900 20.4
062 C000900 79.2
062 D000900 0.4
062 E000900 0.0
062 F000900 0.0
062 G000900 0.0
062 H000900 0.0
062 I000900 0.0
062 J000900 0.0
062 K000900 0.0
062 L000900 0.0
062 M000900 0.0
062 N000900 0.0
062 O000900 0.0
062 P000900 0.0
062 Q000900 0.0
062 R000900 0.0
063 A000900 31
063 B000900 0.0
064 A000900 N
064 B000900 N
066 A000900 N
067 000900 N
068 A000900 N
068 B000900 N
069 000900 N
071 A000900 0
071 B000900 0
071 C000900 0
071 D000900 0
072 A000900 12
072 B000900 58
072 C000900 0
072 D000900 0
072 E000900 0
072 F000900 4
072 G000900 0
072 H000900 0
072 I000900 0
072 J000900 8
072 K000900 0
072 L000900 0
072 M000900 3
072 N000900 0
072 O000900 0
072 P000900 0
072 Q000900 0
072 R000900 13
072 S000900 0
072 T000900 0
072 U000900 0
<PAGE> PAGE 37
072 V000900 0
072 W000900 3
072 X000900 31
072 Y000900 26
072 Z000900 53
072AA000900 0
072BB000900 0
072CC010900 0
072CC020900 0
072DD010900 53
072DD020900 0
072EE000900 0
073 A010900 0.0490
073 A020900 0.0000
073 B000900 0.0000
073 C000900 0.0000
074 A000900 1
074 B000900 5
074 C000900 1265
074 D000900 0
074 E000900 0
074 F000900 0
074 G000900 0
074 H000900 0
074 I000900 0
074 J000900 0
074 K000900 0
074 L000900 0
074 M000900 0
074 N000900 1271
074 O000900 0
074 P000900 0
074 Q000900 0
074 R010900 0
074 R020900 0
074 R030900 0
074 R040900 1
074 S000900 0
074 T000900 1270
074 U010900 1270
074 U020900 0
074 V010900 1.00
074 V020900 0.00
074 W000900 0.9999
074 X000900 4
074 Y000900 0
075 A000900 1071
075 B000900 0
076 000900 0.00
SIGNATURE MARTIN A. CRAMER
TITLE VICE PRESIDENT
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0001043276
<NAME> INVESTORS MARK SERIES FUND INC
<SERIES>
<NUMBER> 1
<NAME> BALANCED PORTFOLIO
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> DEC-31-1998
<PERIOD-END> DEC-31-1998
<INVESTMENTS-AT-COST> 2913723
<INVESTMENTS-AT-VALUE> 2599970
<RECEIVABLES> 40645
<ASSETS-OTHER> 5109
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 2645724
<PAYABLE-FOR-SECURITIES> 2167
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 0
<TOTAL-LIABILITIES> 2167
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 2949636
<SHARES-COMMON-STOCK> 297788
<SHARES-COMMON-PRIOR> 0
<ACCUMULATED-NII-CURRENT> 1233
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 6441
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> (313753)
<NET-ASSETS> 2643557
<DIVIDEND-INCOME> 43073
<INTEREST-INCOME> 113771
<OTHER-INCOME> 0
<EXPENSES-NET> 23944
<NET-INVESTMENT-INCOME> 132900
<REALIZED-GAINS-CURRENT> 6441
<APPREC-INCREASE-CURRENT> (303573)
<NET-CHANGE-FROM-OPS> (164232)
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 132856
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 30307
<NUMBER-OF-SHARES-REDEEMED> 461
<SHARES-REINVESTED> 15253
<NET-CHANGE-IN-ASSETS> 125859
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 21284
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 23944
<AVERAGE-NET-ASSETS> 0
<PER-SHARE-NAV-BEGIN> 9.96
<PER-SHARE-NII> .469
<PER-SHARE-GAIN-APPREC> (1.079)
<PER-SHARE-DIVIDEND> .47
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 8.88
<EXPENSE-RATIO> .90
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0001043276
<NAME> INVESTORS MARK SERIES FUND INC
<SERIES>
<NUMBER> 2
<NAME> GLOBAL FIXED INCOME PORFOLIO
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> DEC-31-1998
<PERIOD-END> DEC-31-1998
<INVESTMENTS-AT-COST> 5430144
<INVESTMENTS-AT-VALUE> 5548564
<RECEIVABLES> 121284
<ASSETS-OTHER> 39808
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 5709656
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 227040
<TOTAL-LIABILITIES> 227040
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 5402276
<SHARES-COMMON-STOCK> 552459
<SHARES-COMMON-PRIOR> 0
<ACCUMULATED-NII-CURRENT> 70592
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (3461)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 13209
<NET-ASSETS> 5482616
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 338408
<OTHER-INCOME> 0
<EXPENSES-NET> 52875
<NET-INVESTMENT-INCOME> 285533
<REALIZED-GAINS-CURRENT> 136328
<APPREC-INCREASE-CURRENT> (52157)
<NET-CHANGE-FROM-OPS> 369704
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 271758
<DISTRIBUTIONS-OF-GAINS> 30394
<DISTRIBUTIONS-OTHER> 153753
<NUMBER-OF-SHARES-SOLD> 1540
<NUMBER-OF-SHARES-REDEEMED> 171
<SHARES-REINVESTED> 45911
<NET-CHANGE-IN-ASSETS> 383751
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 39623
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 52875
<AVERAGE-NET-ASSETS> 0
<PER-SHARE-NAV-BEGIN> 10.09
<PER-SHARE-NII> .842
<PER-SHARE-GAIN-APPREC> (.112)
<PER-SHARE-DIVIDEND> .542
<PER-SHARE-DISTRIBUTIONS> .06
<RETURNS-OF-CAPITAL> .3
<PER-SHARE-NAV-END> 9.92
<EXPENSE-RATIO> 1
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0001043276
<NAME> INVESTORS MARK SERIES FUND INC
<SERIES>
<NUMBER> 3
<NAME> GROWTH & INCOME PORTFOLIO
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> DEC-31-1998
<PERIOD-END> DEC-31-1998
<INVESTMENTS-AT-COST> 2251528
<INVESTMENTS-AT-VALUE> 2665962
<RECEIVABLES> 12640
<ASSETS-OTHER> 88983
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 2767585
<PAYABLE-FOR-SECURITIES> 2256
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 0
<TOTAL-LIABILITIES> 2256
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 2421243
<SHARES-COMMON-STOCK> 239836
<SHARES-COMMON-PRIOR> 0
<ACCUMULATED-NII-CURRENT> 1870
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (72218)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 414434
<NET-ASSETS> 2765329
<DIVIDEND-INCOME> 53976
<INTEREST-INCOME> 0
<OTHER-INCOME> 0
<EXPENSES-NET> 22812
<NET-INVESTMENT-INCOME> 31164
<REALIZED-GAINS-CURRENT> (72218)
<APPREC-INCREASE-CURRENT> 332012
<NET-CHANGE-FROM-OPS> 290958
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 30378
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 35979
<NUMBER-OF-SHARES-REDEEMED> 614
<SHARES-REINVESTED> 2720
<NET-CHANGE-IN-ASSETS> 664185
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 20277
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 22812
<AVERAGE-NET-ASSETS> 0
<PER-SHARE-NAV-BEGIN> 10.41
<PER-SHARE-NII> .130
<PER-SHARE-GAIN-APPREC> 1.118
<PER-SHARE-DIVIDEND> .128
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 11.53
<EXPENSE-RATIO> .9
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0001043276
<NAME> INVESTORS MARK SERIES FUND INC
<SERIES>
<NUMBER> 4
<NAME> INTERMEDIATE FIXED INCOME PORTFOLIO
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> DEC-31-1998
<PERIOD-END> DEC-31-1998
<INVESTMENTS-AT-COST> 2375120
<INVESTMENTS-AT-VALUE> 2339005
<RECEIVABLES> 27636
<ASSETS-OTHER> 48789
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 2415430
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 0
<TOTAL-LIABILITIES> 0
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 2434480
<SHARES-COMMON-STOCK> 242653
<SHARES-COMMON-PRIOR> 0
<ACCUMULATED-NII-CURRENT> 3371
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 13694
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> (36115)
<NET-ASSETS> 2415430
<DIVIDEND-INCOME> 966
<INTEREST-INCOME> 147189
<OTHER-INCOME> 0
<EXPENSES-NET> 18073
<NET-INVESTMENT-INCOME> 130082
<REALIZED-GAINS-CURRENT> 29696
<APPREC-INCREASE-CURRENT> (47397)
<NET-CHANGE-FROM-OPS> 112381
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 127884
<DISTRIBUTIONS-OF-GAINS> 15985
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 26057
<NUMBER-OF-SHARES-REDEEMED> 401
<SHARES-REINVESTED> 14445
<NET-CHANGE-IN-ASSETS> 377392
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 13555
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 18073
<AVERAGE-NET-ASSETS> 0
<PER-SHARE-NAV-BEGIN> 10.06
<PER-SHARE-NII> .568
<PER-SHARE-GAIN-APPREC> (.048)
<PER-SHARE-DIVIDEND> .56
<PER-SHARE-DISTRIBUTIONS> .07
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 9.95
<EXPENSE-RATIO> .8
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0001043276
<NAME> INVESTORS MARK SERIES FUND INC
<SERIES>
<NUMBER> 5
<NAME> LARGE CAP VALUE PORTFOLIO
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> DEC-31-1998
<PERIOD-END> DEC-31-1998
<INVESTMENTS-AT-COST> 3482092
<INVESTMENTS-AT-VALUE> 3464309
<RECEIVABLES> 2132
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 3466441
<PAYABLE-FOR-SECURITIES> 240758
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 0
<TOTAL-LIABILITIES> 240758
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 3254395
<SHARES-COMMON-STOCK> 326573
<SHARES-COMMON-PRIOR> 0
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (10929)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> (17783)
<NET-ASSETS> 3225683
<DIVIDEND-INCOME> 63470
<INTEREST-INCOME> 3396
<OTHER-INCOME> 0
<EXPENSES-NET> 25892
<NET-INVESTMENT-INCOME> 40974
<REALIZED-GAINS-CURRENT> 38317
<APPREC-INCREASE-CURRENT> 60044
<NET-CHANGE-FROM-OPS> 139335
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 44421
<DISTRIBUTIONS-OF-GAINS> 47594
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 65647
<NUMBER-OF-SHARES-REDEEMED> 773
<SHARES-REINVESTED> 9555
<NET-CHANGE-IN-ASSETS> 781573
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 23015
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 25892
<AVERAGE-NET-ASSETS> 0
<PER-SHARE-NAV-BEGIN> 9.69
<PER-SHARE-NII> .128
<PER-SHARE-GAIN-APPREC> .352
<PER-SHARE-DIVIDEND> .14
<PER-SHARE-DISTRIBUTIONS> .15
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 9.88
<EXPENSE-RATIO> .9
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0001043276
<NAME> INVESTORS MARK SERIES FUND INC
<SERIES>
<NUMBER> 6
<NAME> LARGE CAP GROWTH PORTFOLIO
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> DEC-31-1998
<PERIOD-END> DEC-31-1998
<INVESTMENTS-AT-COST> 2159964
<INVESTMENTS-AT-VALUE> 2984731
<RECEIVABLES> 869
<ASSETS-OTHER> 9852
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 2995452
<PAYABLE-FOR-SECURITIES> 2309
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 0
<TOTAL-LIABILITIES> 2309
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 2285699
<SHARES-COMMON-STOCK> 224852
<SHARES-COMMON-PRIOR> 0
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (117323)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 824767
<NET-ASSETS> 2993143
<DIVIDEND-INCOME> 16731
<INTEREST-INCOME> 4729
<OTHER-INCOME> 0
<EXPENSES-NET> 21960
<NET-INVESTMENT-INCOME> (500)
<REALIZED-GAINS-CURRENT> (117323)
<APPREC-INCREASE-CURRENT> 684602
<NET-CHANGE-FROM-OPS> 566779
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 923
<DISTRIBUTIONS-OF-GAINS> 811
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 23665
<NUMBER-OF-SHARES-REDEEMED> 397
<SHARES-REINVESTED> 136
<NET-CHANGE-IN-ASSETS> 836642
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 19520
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 21960
<AVERAGE-NET-ASSETS> 0
<PER-SHARE-NAV-BEGIN> 10.71
<PER-SHARE-NII> (.003)
<PER-SHARE-GAIN-APPREC> 2.610
<PER-SHARE-DIVIDEND> .004
<PER-SHARE-DISTRIBUTIONS> .004
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 13.31
<EXPENSE-RATIO> .9
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0001043276
<NAME> INVESTORS MARK SERIES FUND INC
<SERIES>
<NUMBER> 7
<NAME> MID CAP EQUITY PORTFOLIO
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> DEC-31-1998
<PERIOD-END> DEC-31-1998
<INVESTMENTS-AT-COST> 2152066
<INVESTMENTS-AT-VALUE> 2458201
<RECEIVABLES> 10474
<ASSETS-OTHER> 306
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 2468981
<PAYABLE-FOR-SECURITIES> 1367
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 0
<TOTAL-LIABILITIES> 1367
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 2219426
<SHARES-COMMON-STOCK> 222014
<SHARES-COMMON-PRIOR> 0
<ACCUMULATED-NII-CURRENT> 2305
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (60252)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 306135
<NET-ASSETS> 2467614
<DIVIDEND-INCOME> 27360
<INTEREST-INCOME> 1597
<OTHER-INCOME> 0
<EXPENSES-NET> 20433
<NET-INVESTMENT-INCOME> 8524
<REALIZED-GAINS-CURRENT> (48813)
<APPREC-INCREASE-CURRENT> 213717
<NET-CHANGE-FROM-OPS> 173428
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 6592
<DISTRIBUTIONS-OF-GAINS> 17578
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 18144
<NUMBER-OF-SHARES-REDEEMED> 433
<SHARES-REINVESTED> 2331
<NET-CHANGE-IN-ASSETS> 348699
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 18163
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 20433
<AVERAGE-NET-ASSETS> 0
<PER-SHARE-NAV-BEGIN> 10.49
<PER-SHARE-NII> .039
<PER-SHARE-GAIN-APPREC> .692
<PER-SHARE-DIVIDEND> .03
<PER-SHARE-DISTRIBUTIONS> .08
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 11.11
<EXPENSE-RATIO> .9
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0001043276
<NAME> INVESTORS MARK SERIES FUND INC
<SERIES>
<NUMBER> 8
<NAME> SMALL CAP EQUITY PORTFOLIO
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> DEC-31-1998
<PERIOD-END> DEC-31-1998
<INVESTMENTS-AT-COST> 1548007
<INVESTMENTS-AT-VALUE> 1766346
<RECEIVABLES> 9256
<ASSETS-OTHER> 26197
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 1801799
<PAYABLE-FOR-SECURITIES> 15516
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 0
<TOTAL-LIABILITIES> 15516
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 2147065
<SHARES-COMMON-STOCK> 219525
<SHARES-COMMON-PRIOR> 0
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (579121)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 218339
<NET-ASSETS> 1786283
<DIVIDEND-INCOME> 5406
<INTEREST-INCOME> 4261
<OTHER-INCOME> 0
<EXPENSES-NET> 19317
<NET-INVESTMENT-INCOME> (9650)
<REALIZED-GAINS-CURRENT> (573464)
<APPREC-INCREASE-CURRENT> 269804
<NET-CHANGE-FROM-OPS> (313310)
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 768
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 17933
<NUMBER-OF-SHARES-REDEEMED> 130
<SHARES-REINVESTED> 101
<NET-CHANGE-IN-ASSETS> (173463)
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 17477
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 19317
<AVERAGE-NET-ASSETS> 0
<PER-SHARE-NAV-BEGIN> 9.72
<PER-SHARE-NII> (.044)
<PER-SHARE-GAIN-APPREC> (1.532)
<PER-SHARE-DIVIDEND> .004
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 8.14
<EXPENSE-RATIO> 1.05
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0001043276
<NAME> INVESTORS MARK SERIES FUND INC
<SERIES>
<NUMBER> 9
<NAME> MONEY MARKET PORTFOLIO
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> DEC-31-1998
<PERIOD-END> DEC-31-1998
<INVESTMENTS-AT-COST> 1270679
<INVESTMENTS-AT-VALUE> 1270679
<RECEIVABLES> 0
<ASSETS-OTHER> 250
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 1270929
<PAYABLE-FOR-SECURITIES> 482
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 0
<TOTAL-LIABILITIES> 482
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 1270447
<SHARES-COMMON-STOCK> 1270447
<SHARES-COMMON-PRIOR> 0
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 0
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 0
<NET-ASSETS> 1270447
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 58179
<OTHER-INCOME> 0
<EXPENSES-NET> 5351
<NET-INVESTMENT-INCOME> 52828
<REALIZED-GAINS-CURRENT> 0
<APPREC-INCREASE-CURRENT> 0
<NET-CHANGE-FROM-OPS> 52828
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 52828
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 398043
<NUMBER-OF-SHARES-REDEEMED> 199682
<SHARES-REINVESTED> 52817
<NET-CHANGE-IN-ASSETS> 251178
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 4280
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 5351
<AVERAGE-NET-ASSETS> 0
<PER-SHARE-NAV-BEGIN> 1
<PER-SHARE-NII> .049
<PER-SHARE-GAIN-APPREC> 0
<PER-SHARE-DIVIDEND> .049
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 1
<EXPENSE-RATIO> .5
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
EX-99
Report of Independent Auditors
The Contract Holders and Board of Directors
Investors Mark Series Fund
In planning and performing our audit of the financial statements of Investors
Mark Series Fund (the Fund) for the year ended December 31, 1998, we
considered its internal control, including control activities 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, and not to provide assurance on
the internal control.
The management of the Fund is responsible for establishing and maintaining
internal control. In fulfilling this responsibility, estimates and judgments
by management are required to assess the expected benefits and related costs
of controls. Generally, controls that are relevant to an audit pertain to the
entity's objective of preparing financial statements for external purposes
that are fairly presented in conformity with generally accepted accounting
principles. Those controls include the safeguarding of assets against
unauthorized acquisition, use or disposition.
Because of inherent limitations in internal control, errors or fraud may
occur and not he detected. Also, projection of any evaluation of internal
control 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 internal control would not necessarily disclose all
matters in internal control 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 one or
more of the specific internal control components does not reduce to a
relatively low level the risk that errors or fraud 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
internal control and its operation, including controls for safeguarding
securities, that we consider to be material weaknesses as defined above at
December 31, 1998.
This report is intended solely for the information and use of the Board of
Directors and management of the Fund and the Securities and Exchange
Commission and is not intended to he, and should not be, used by anyone other
than these specified parties.
/s/Ernst & Young LLP
Ernst & Young LLP
Kansas City, Missouri
February 12, 1999
W02990071KC
