FIRST VARIABLE RATE FUND FOR GOVERNMENT INCOME /MD/
NSAR-A, 1997-08-26
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<PAGE>      PAGE  1
000 A000000 06/30/97
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 FOR GOVT INCOME
001 B000000 811-2633
001 C000000 3019514881
002 A000000 4550 MONTGOMERY AVE., SUITE 1000N
002 B000000 BETHESDA
002 C000000 MD
002 D010000 20814
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 CALVERT MUNICIPAL INTERMEDIATE FUND - FLORIDA
007 C030200 N
007 C010300  3
007 C010400  4
007 C010500  5
007 C010600  6
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021  000000        0
022 A000001 DONALDSON LUFKIN & JENRETTE
022 C000001   2875300
022 D000001         0
<PAGE>      PAGE  2
022 A000002 UBS SECURITIES INC.
022 C000002   2418400
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022 A000003 STATE STREET BANK & TRUST
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022 A000004 PAINE WEBBER INCORPORATED
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022 A000005 BANK OF AMERICA BISD
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022 D000005     83324
022 A000006 FIRST CHICAGO CAPITAL
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022 D000006     24669
022 A000007 MERRILL LYNCH PIERCE
022 C000007     19083
022 D000007      4745
022 A000008 NATIONS BANK CAPITAL
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022 D000008      4303
022 A000009 FIRST ALBANY CORP.
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<PAGE>      PAGE  3
077 A000000 N
080 A00AA00 ICI MUTUAL INSURANCE
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<PAGE>      PAGE  4
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<PAGE>      PAGE  5
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070 G020100 N
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070 H020100 N
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<PAGE>      PAGE  6
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<PAGE>      PAGE  7
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<PAGE>      PAGE  8
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<PAGE>      PAGE  9
056  000200 N
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070 A010200 N
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070 B020200 N
070 C010200 N
070 C020200 N
070 D010200 N
070 D020200 N
070 E010200 N
070 E020200 N
070 F010200 N
070 F020200 N
070 G010200 N
070 G020200 N
070 H010200 N
070 H020200 N
070 I010200 N
070 I020200 N
070 J010200 N
070 J020200 N
070 K010200 N
070 K020200 N
070 L010200 N
070 L020200 N
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<PAGE>      PAGE  10
070 O020200 N
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<PAGE>      PAGE  11
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SIGNATURE   WILLIAM M. TARTIKOFF                         
TITLE       GENERAL COUNSEL     
 


<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000205355
<NAME> FIRST VARIABLE RATE FUND
<SERIES>
   <NUMBER> 123
   <NAME> CALVERT FIRST GOVERNMENT MONEY MARKET FUND
<MULTIPLIER> 1000
       
<S>                             <C>
<PERIOD-TYPE>                   6-MOS
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</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000205355
<NAME> FIRST VARIABLE RATE FUND
<SERIES>
   <NUMBER> 124
   <NAME> CALVERT MUNICIPAL INTERMEDIATE FUND - FLORIDA
<MULTIPLIER> 1000
       
<S>                             <C>
<PERIOD-TYPE>                   6-MOS
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</TABLE>


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