FIRST VARIABLE RATE FUND FOR GOVERNMENT INCOME /MD/
NSAR-B, 1998-02-25
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<PAGE>      PAGE  1
000 B000000 12/31/97
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
007 C010700  7
007 C010800  8
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022 A000001 DONALDSON LUFKIN & JENRETTE
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<PAGE>      PAGE  2
022 A000002 UBS SECURITIES INC.
022 C000002   5938600
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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
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022 A000006 FIRST CHICAGO CAPITAL
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022 A000007 MERRILL LYNCH PIERCE
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022 D000007      4745
022 A000008 BT SECURITIES CORPORATION
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022 A000009 NATIONS BANK CAPITAL
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022 D000009      4303
022 A000010 DEUTSCHE BANK
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<PAGE>      PAGE  3
077 A000000 Y
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080 A00AA00 ICI MUTUAL INSURANCE
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<PAGE>      PAGE  4
028 G030100         0
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030 A000100     35
030 B000100  2.75
030 C000100  0.00
031 A000100      1
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033  000100     19
042 A000100   0
042 B000100   0
042 C000100   0
042 D000100   0
042 E000100   0
042 F000100   0
042 G000100   0
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055 B000100 N
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<PAGE>      PAGE  5
062 A000100 Y
062 B000100   3.4
062 C000100  39.4
062 D000100  29.4
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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  26.4
062 M000100   0.0
062 N000100   0.0
062 O000100   0.0
062 P000100   0.0
062 Q000100   0.0
062 R000100   0.0
063 A000100  52
063 B000100  0.0
070 A010100 Y
070 A020100 Y
070 B010100 N
070 B020100 N
070 C010100 N
070 C020100 N
070 D010100 N
070 D020100 N
070 E010100 N
070 E020100 N
070 F010100 N
070 F020100 N
070 G010100 N
070 G020100 N
070 H010100 N
070 H020100 N
070 I010100 N
070 I020100 N
070 J010100 N
070 J020100 N
070 K010100 N
070 K020100 N
070 L010100 N
070 L020100 N
070 M010100 N
070 M020100 N
070 N010100 N
070 N020100 N
070 O010100 Y
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070 P010100 N
<PAGE>      PAGE  6
070 P020100 N
070 Q010100 N
070 Q020100 N
070 R010100 N
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<PAGE>      PAGE  7
074 F000100        0
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028 D040200         6
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<PAGE>      PAGE  8
028 F040200         0
028 G010200       705
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028 G040200       161
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029  000200 Y
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030 B000200  2.75
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048 J010200        0
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048 K010200        0
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055 A000200 Y
<PAGE>      PAGE  9
055 B000200 Y
056  000200 N
057  000200 N
062 A000200 Y
062 B000200   0.0
062 C000200   0.0
062 D000200   0.0
062 E000200   7.8
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   0.0
062 N000200   0.0
062 O000200  92.8
062 P000200   0.0
062 Q000200   0.0
062 R000200   0.0
063 A000200   0
063 B000200  8.0
070 A010200 N
070 A020200 N
070 B010200 N
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
070 M010200 N
070 M020200 N
070 N010200 N
070 N020200 N
<PAGE>      PAGE  10
070 O010200 N
070 O020200 N
070 P010200 N
070 P020200 N
070 Q010200 N
070 Q020200 N
070 R010200 N
070 R020200 N
071 A000200      1700
071 B000200       220
071 C000200      5877
071 D000200    4
072 A000200 12
072 B000200      344
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073 A010200   0.2154
073 A020200   0.0000
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074 B000200        0
<PAGE>      PAGE  11
074 C000200      970
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074 R040200        1
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074 T000200     7799
074 U010200     1514
074 U020200        0
074 V010200     5.15
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074 X000200       73
074 Y000200        0
075 A000200        0
075 B000200     6732
076  000200     0.00
SIGNATURE   WILLIAM M. TARTIKOFF                         
TITLE       GENERAL COUNSEL     
 


<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000205355
<NAME> FIRST VARIABLE RATE FUND FOR GOVERNMENT INCOME
<SERIES>
   <NUMBER> 345
   <NAME> CALVERT FIRST GOVERNMENT MONEY MARKET FUND
<MULTIPLIER> 1000
       
<S>                             <C>
<PERIOD-TYPE>                   YEAR
<FISCAL-YEAR-END>                          DEC-31-1997
<PERIOD-START>                             JUL-01-1997
<PERIOD-END>                               DEC-31-1997
<INVESTMENTS-AT-COST>                           228799
<INVESTMENTS-AT-VALUE>                          228799
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<PAID-IN-CAPITAL-COMMON>                        232267
<SHARES-COMMON-STOCK>                           232514
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<NET-CHANGE-FROM-OPS>                            11792
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                      (11790)
<DISTRIBUTIONS-OF-GAINS>                             0
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<NUMBER-OF-SHARES-SOLD>                         390048
<NUMBER-OF-SHARES-REDEEMED>                   (408958)
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<PER-SHARE-NAV-BEGIN>                             1.00
<PER-SHARE-NII>                                  0.049
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<PER-SHARE-NAV-END>                               1.00
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</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000205355
<NAME> FIRST VARIABLE RATE FUND
<SERIES>
   <NUMBER> 346
   <NAME> CALVERT FIRST GOVERNMENT MONEY MARKET FUND
<MULTIPLIER> 1000
       
<S>                             <C>
<PERIOD-TYPE>                   YEAR
<FISCAL-YEAR-END>                          DEC-31-1997
<PERIOD-START>                             JUL-01-1997
<PERIOD-END>                               DEC-31-1997
<INVESTMENTS-AT-COST>                             7447
<INVESTMENTS-AT-VALUE>                            7786
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<PAYABLE-FOR-SECURITIES>                           162
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<PER-SHARE-DIVIDEND>                           (0.220)
<PER-SHARE-DISTRIBUTIONS>                          0.0
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<AVG-DEBT-PER-SHARE>                                 0
        

</TABLE>


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