FIRST VARIABLE RATE FD OF CALVERT FIRST GOVT MONEY MKT FUND
NSAR-A, 1996-08-28
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<PAGE>      PAGE  1
000 A000000 06/30/96
000 C000000 0000205355
000 D000000 N
000 E000000 NF
000 F000000 Y
000 G000000 N
000 H000000 N
000 I000000 3.0
000 J000000 A
001 A000000 FIRST VARIABLE RATE FUND
001 B000000 811-2633
001 C000000 3019574881
002 A000000 4550 MONTGOMERY AVENUE, SUITE 1000N
002 B000000 BETHESDA
002 C000000 MD
002 D010000 20814
002 D020000 9814
003  000000 N
004  000000 N
005  000000 N
006  000000 N
007 A000000 Y
007 B000000  2
007 C010100  1
007 C020100 CALVERT FIRST GOVERNMENT MONEY MARKET FUND
007 C030100 N
007 C010200  2
007 C020200 FLORIDA MUNICIPAL INTERMEDIATE FUND
007 C030200 N
007 C010300  3
007 C010400  4
007 C010500  5
007 C010600  6
007 C010700  7
007 C010800  8
007 C010900  9
007 C011000 10
022 A000001 UBS SECURITIES INC.
022 C000001   1915500
022 D000001         0
022 A000002 DONALDSON LUFKIN & JENRETTE
022 C000002   1154000
022 D000002         0
022 A000003 PAINE WEBBER INC.
022 C000003    863468
022 D000003     45561
022 A000004 STATE STREET BANK & TRUST
022 C000004    344800
022 D000004         0
022 A000005 FIRST CHICAGO CAPITAL
022 C000005     98643
<PAGE>      PAGE  2
022 D000005      4822
022 A000006 BANK OF AMERICA BISD
022 C000006     47639
022 D000006      9811
022 A000007 NATIONS BANK CAPITAL
022 C000007     34407
022 D000007         0
022 A000008 MERRILL LYNCH PIERCE
022 C000008     27898
022 D000008         0
022 A000009 PRUDENTIAL SECURITIES
022 C000009     21725
022 D000009         0
022 A000010 DISCOUNT CORP.
022 C000010     16741
022 D000010         0
023 C000000    4544531
023 D000000      61591
027  000000 Y
077 A000000 N
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<PAGE>      PAGE  3
062 C000100  69.6
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<PAGE>      PAGE  4
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<PAGE>      PAGE  5
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<PAGE>      PAGE  6
063 A000200   0
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<PAGE>      PAGE  7
074 I000200        0
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075 B000200     4689
076  000200     0.00
SIGNATURE   WILLIAM M. TARTIKOFF                         
TITLE       SECRETARY           
 

WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.

<TABLE> <S> <C>

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<CIK> 0000205355
<NAME> FIRST VARIABLE RATE FUND
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   <NUMBER> 333
   <NAME> FLORIDA MUNICIPAL INTERMEDIATE FUND, CLASS C
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</TABLE>

<TABLE> <S> <C>

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</TABLE>

<TABLE> <S> <C>

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<NAME> FRIST VARIABLE RATE FUND
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   <NAME> FLORIDA MUNICIPAL INTERMEDIATE FUND, CLASS A
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