<PAGE> PAGE 1
000 A000000 06/30/95
000 C000000 0000217087
000 D000000 N
000 E000000 NF
000 F000000 Y
000 G000000 Y
000 H000000 N
000 I000000 2.2
000 J000000 A
001 A000000 SBL FUND
001 B000000 811-2753
001 C000000 9132953227
002 A000000 700 HARRISON STREET
002 B000000 TOPEKA
002 C000000 KS
002 D010000 66636
002 D020000 0001
003 000000 N
004 000000 N
005 000000 N
006 000000 N
007 A000000 Y
007 B000000 11
007 C010100 1
007 C020100 A
007 C030100 N
007 C010200 2
007 C020200 B
007 C030200 N
007 C010300 3
007 C020300 C
007 C030300 N
007 C010400 4
007 C020400 D
007 C030400 N
007 C010500 5
007 C020500 E
007 C030500 N
007 C010600 6
007 C020600 S
007 C030600 N
007 C010700 7
007 C020700 J
007 C030700 N
007 C010800 8
007 C020800 K
007 C030800 N
007 C010900 9
007 C020900 M
007 C030900 N
007 C011000 10
<PAGE> PAGE 2
007 C021000 N
007 C031000 N
007 C011100 11
007 C021100 O
007 C031100 N
010 A00AA01 SECURITY MANAGEMENT COMPANY
010 B00AA01 84-01497
010 C01AA01 TOPEKA
010 C02AA01 KS
010 C03AA01 66636
010 C04AA01 0001
012 A00AA01 SECURITY MANAGEMENT COMPANY
012 B00AA01 84-01497
012 C01AA01 TOPEKA
012 C02AA01 KS
012 C03AA01 66636
012 C04AA01 0001
013 A00AA01 ERNST & YOUNG LLP
013 B01AA01 KANSAS CITY
013 B02AA01 MO
013 B03AA01 64105
013 B04AA01 2100
018 00AA00 Y
019 A00AA00 Y
019 B00AA00 22
019 C00AA00 SECURITYFU
020 A000001 PAINE-WEBBER, INC.
020 B000001 13-2638166
020 C000001 167
020 A000002 PERSHING & COMPANY
020 B000002 13-2741729
020 C000002 165
020 A000003 MORGAN STANLEY & COMPANY
020 B000003 13-2655998
020 C000003 153
020 A000004 OPPENHEIMER & COMPANY
020 B000004 13-2798343
020 C000004 131
020 A000005 DONALDSON, LUFKIN & JENRETTE SECURITIES CORP
020 B000005 13-2741729
020 C000005 116
020 A000006 LAWRENCE (C.J.) & COMPANY
020 B000006 13-2730828
020 C000006 114
020 A000007 WERTHEIM SCHRODER & COMPANY, INC.
020 B000007 13-2697272
020 C000007 98
020 A000008 SALOMON BROTHERS, INC.
020 B000008 13-3082694
020 C000008 95
020 A000009 ALLIED RESEARCH SERVICES, INC.
<PAGE> PAGE 3
020 B000009 75-1872581
020 C000009 92
020 A000010 PRUDENTIAL-BACHE SECURITIES, INC.
020 B000010 22-2347336
020 C000010 86
021 000000 2868
022 A000001 MERRILL LYNCH
022 B000001 13-5674085
022 C000001 1048112
022 D000001 24250
022 A000002 FIRST BOSTON CORPORATION (THE)
022 B000002 13-5659485
022 C000002 224101
022 D000002 25056
022 A000003 DONALDSON, LUFKIN, JENERETTE SEURITIES CORP
022 B000003 13-2741729
022 C000003 43575
022 D000003 47380
022 A000004 SECURITY EQUITY FUND
022 B000004 48-6104426
022 C000004 49106
022 D000004 19432
022 A000005 DAIN BOSWORTH, INC.
022 B000005 41-0212020
022 C000005 17941
022 D000005 40645
022 A000006 ABN AMRO SECURITIES, INC.
022 B000006 13-3227945
022 C000006 39073
022 D000006 19512
022 A000007 MORGAN STANLEY & COMPANY
022 B000007 13-2655998
022 C000007 30580
022 D000007 25467
022 A000008 SBL FUND C
022 B000008 48-1054154
022 C000008 28147
022 D000008 23924
022 A000009 SBL FUND A
022 B000009 48-0873454
022 C000009 18744
022 D000009 39276
022 A000010 SECURITY CASH FUND
022 B000010 48-0911935
022 C000010 25582
022 D000010 13976
023 C000000 1787127
023 D000000 503450
024 00AA00 N
025 D00AA01 0
025 D00AA02 0
<PAGE> PAGE 4
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
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
077 A000000 Y
077 I000000 Y
077 Q010000 Y
078 000000 N
080 A00AA00 NATIONAL UNION FIRE INSURANCE COMPANY
080 C00AA00 8050
081 A00AA00 Y
081 B00AA00 14
082 A00AA00 N
082 B00AA00 0
083 A00AA00 N
083 B00AA00 0
084 A00AA00 N
084 B00AA00 0
085 A00AA00 Y
085 B00AA00 N
086 A010000 0
086 A020000 0
086 B010000 0
086 B020000 0
<PAGE> PAGE 5
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 SECURITY MANAGEMENT COMPANY
008 B000101 A
008 C000101 801-8008
008 D010101 TOPEKA
008 D020101 KS
008 D030101 66636
008 D040101 0001
011 A000101 SECURITY DISTRIBUTORS, INC.
011 B000101 8-10781
011 C010101 TOPEKA
011 C020101 KS
011 C030101 66636
015 A000101 UMB BANK, N.A.
015 B000101 C
015 C010101 KANSAS CITY
015 C020101 MO
015 C030101 64106
015 E010101 X
028 A010100 9941
028 A020100 0
028 A030100 0
028 A040100 5947
028 B010100 41687
028 B020100 0
028 B030100 0
028 B040100 19812
028 C010100 12031
028 C020100 0
028 C030100 0
028 C040100 11142
028 D010100 10759
028 D020100 0
028 D030100 0
028 D040100 7508
028 E010100 11550
028 E020100 0
028 E030100 0
028 E040100 17645
028 F010100 12362
028 F020100 0
028 F030100 0
028 F040100 6837
028 G010100 98330
<PAGE> PAGE 6
028 G020100 0
028 G030100 0
028 G040100 68891
028 H000100 0
042 A000100 0
042 B000100 0
042 C000100 0
042 D000100 0
042 E000100 0
042 F000100 0
042 G000100 0
042 H000100 0
043 000100 0
044 000100 0
045 000100 Y
046 000100 N
047 000100 Y
048 000100 0.750
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
049 000100 N
050 000100 N
051 000100 N
052 000100 N
053 A000100 N
054 A000100 Y
054 B000100 Y
054 C000100 Y
054 D000100 N
054 E000100 N
054 F000100 N
<PAGE> PAGE 7
054 G000100 Y
054 H000100 Y
054 I000100 N
054 J000100 Y
054 K000100 N
054 L000100 Y
054 M000100 Y
054 N000100 N
054 O000100 Y
055 A000100 N
055 B000100 Y
056 000100 Y
057 000100 N
058 A000100 N
059 000100 Y
060 A000100 Y
060 B000100 Y
061 000100 0
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
062 O000100 0.0
062 P000100 0.0
062 Q000100 0.0
062 R000100 0.0
063 A000100 0
063 B000100 0.0
066 A000100 Y
066 B000100 N
066 C000100 N
066 D000100 Y
066 E000100 N
066 F000100 N
066 G000100 N
067 000100 N
068 A000100 N
068 B000100 N
069 000100 N
070 A010100 Y
070 A020100 N
<PAGE> PAGE 8
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 Y
070 J020100 N
070 K010100 N
070 K020100 N
070 L010100 Y
070 L020100 N
070 M010100 Y
070 M020100 N
070 N010100 N
070 N020100 N
070 O010100 Y
070 O020100 Y
070 P010100 Y
070 P020100 Y
070 Q010100 N
070 Q020100 N
070 R010100 N
070 R020100 N
071 A000100 203975
071 B000100 166249
071 C000100 356910
071 D000100 93
072 A000100 6
072 B000100 956
072 C000100 3007
072 D000100 0
072 E000100 0
072 F000100 1452
072 G000100 87
072 H000100 0
072 I000100 1
072 J000100 9
072 K000100 0
072 L000100 43
072 M000100 8
<PAGE> PAGE 9
072 N000100 1
072 O000100 0
072 P000100 0
072 Q000100 0
072 R000100 7
072 S000100 0
072 T000100 0
072 U000100 0
072 V000100 0
072 W000100 15
072 X000100 1623
072 Y000100 0
072 Z000100 2340
072AA000100 6105
072BB000100 0
072CC010100 0
072CC020100 60432
072DD010100 0
072DD020100 0
072EE000100 0
073 A010100 0.0000
073 A020100 0.0000
073 B000100 0.0000
073 C000100 0.0000
074 A000100 437
074 B000100 0
074 C000100 22761
074 D000100 0
074 E000100 0
074 F000100 405997
074 G000100 0
074 H000100 0
074 I000100 0
074 J000100 0
074 K000100 683
074 L000100 1569
074 M000100 0
074 N000100 431447
074 O000100 0
074 P000100 538
074 Q000100 0
074 R010100 0
074 R020100 0
074 R030100 0
074 R040100 304
074 S000100 0
074 T000100 430605
074 U010100 22508
074 U020100 0
074 V010100 0.00
074 V020100 19.13
<PAGE> PAGE 10
074 W000100 0.0000
074 X000100 20
074 Y000100 0
075 A000100 0
075 B000100 388283
076 000100 0.00
008 A000201 SECURITY MANAGEMENT COMPANY
008 B000201 A
008 C000201 801-8008
008 D010201 TOPEKA
008 D020201 KS
008 D030201 66636
008 D040201 0001
011 A000201 SECURITY DISTRIBUTORS, INC.
011 B000201 8-10781
011 C010201 TOPEKA
011 C020201 KS
011 C030201 66636
011 C040201 0001
015 A000201 UMB BANK, N.A.
015 B000201 C
015 C010201 KANSAS CITY
015 C020201 MO
015 C030201 64106
015 E010201 X
028 A010200 10578
028 A020200 0
028 A030200 0
028 A040200 12653
028 B010200 15663
028 B020200 0
028 B030200 0
028 B040200 11151
028 C010200 11097
028 C020200 0
028 C030200 0
028 C040200 11224
028 D010200 12815
028 D020200 0
028 D030200 0
028 D040200 11007
028 E010200 10820
028 E020200 0
028 E030200 0
028 E040200 9528
028 F010200 12052
028 F020200 0
028 F030200 0
028 F040200 8978
028 G010200 73025
028 G020200 0
<PAGE> PAGE 11
028 G030200 0
028 G040200 64541
028 H000200 0
045 000200 Y
046 000200 N
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
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
049 000200 N
050 000200 N
051 000200 N
052 000200 N
053 A000200 N
054 A000200 Y
054 B000200 Y
054 C000200 Y
054 D000200 N
054 E000200 N
054 F000200 N
054 G000200 Y
054 H000200 Y
054 I000200 N
054 J000200 Y
054 K000200 N
054 L000200 Y
054 M000200 Y
054 N000200 N
054 O000200 Y
055 A000200 N
055 B000200 N
<PAGE> PAGE 12
056 000200 Y
057 000200 N
058 A000200 N
059 000200 Y
060 A000200 Y
060 B000200 Y
061 000200 0
062 A000200 N
062 B000200 0.0
062 C000200 0.0
062 D000200 0.0
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 0.0
062 N000200 0.0
062 O000200 0.0
062 P000200 0.0
062 Q000200 0.0
062 R000200 0.0
063 A000200 0
063 B000200 0.0
066 A000200 Y
066 B000200 N
066 C000200 N
066 D000200 N
066 E000200 Y
066 F000200 N
066 G000200 N
067 000200 N
068 A000200 N
068 B000200 N
069 000200 N
070 A010200 Y
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
<PAGE> PAGE 13
070 G020200 N
070 H010200 N
070 H020200 N
070 I010200 N
070 I020200 N
070 J010200 Y
070 J020200 N
070 K010200 N
070 K020200 N
070 L010200 Y
070 L020200 N
070 M010200 Y
070 M020200 N
070 N010200 N
070 N020200 N
070 O010200 Y
070 O020200 N
070 P010200 Y
070 P020200 Y
070 Q010200 N
070 Q020200 N
070 R010200 N
070 R020200 N
071 A000200 407835
071 B000200 386564
071 C000200 591277
071 D000200 131
072 A000200 6
072 B000200 6933
072 C000200 4545
072 D000200 0
072 E000200 0
072 F000200 2396
072 G000200 144
072 H000200 0
072 I000200 1
072 J000200 8
072 K000200 0
072 L000200 64
072 M000200 12
072 N000200 1
072 O000200 0
072 P000200 0
072 Q000200 0
072 R000200 13
072 S000200 0
072 T000200 0
072 U000200 0
072 V000200 0
072 W000200 29
072 X000200 2668
<PAGE> PAGE 14
072 Y000200 0
072 Z000200 8810
072AA000200 54522
072BB000200 0
072CC010200 0
072CC020200 30782
072DD010200 0
072DD020200 0
072EE000200 0
073 A010200 0.0000
073 A020200 0.0000
073 B000200 0.0000
073 C000200 0.0000
074 A000200 244
074 B000200 0
074 C000200 33437
074 D000200 113008
074 E000200 6480
074 F000200 543090
074 G000200 0
074 H000200 0
074 I000200 0
074 J000200 829
074 K000200 638
074 L000200 3505
074 M000200 0
074 N000200 701231
074 O000200 2053
074 P000200 928
074 Q000200 0
074 R010200 0
074 R020200 0
074 R030200 0
074 R040200 498
074 S000200 0
074 T000200 697752
074 U010200 22720
074 U020200 0
074 V010200 30.71
074 V020200 0.00
074 W000200 0.0000
074 X000200 20
074 Y000200 0
075 A000200 0
075 B000200 640584
076 000200 0.00
008 A000301 SECURITY MANAGEMENT COMPANY
008 B000301 A
008 C000301 801-8008
008 D010301 TOPEKA
008 D020301 KS
<PAGE> PAGE 15
008 D030301 66636
008 D040301 0001
011 A000301 SECURITY DISTRIBUTORS, INC
011 B000301 8-10781
011 C010301 TOPEKA
011 C020301 KS
011 C030301 66636
011 C040301 0001
015 A000301 UMB BANK, N.A.
015 B000301 C
015 C010301 KANSAS CITY
015 C020301 MO
015 C030301 64106
015 E010301 X
028 A010300 10012
028 A020300 0
028 A030300 0
028 A040300 9142
028 B010300 9210
028 B020300 0
028 B030300 0
028 B040300 49630
028 C010300 16465
028 C020300 0
028 C030300 0
028 C040300 10516
028 D010300 6644
028 D020300 0
028 D030300 0
028 D040300 10865
028 E010300 16494
028 E020300 0
028 E030300 0
028 E040300 15918
028 F010300 16327
028 F020300 0
028 F030300 0
028 F040300 7163
028 G010300 75152
028 G020300 0
028 G030300 0
028 G040300 103234
028 H000300 0
045 000300 Y
046 000300 N
047 000300 Y
048 000300 0.500
048 A010300 0
048 A020300 0.000
048 B010300 0
048 B020300 0.000
<PAGE> PAGE 16
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
049 000300 N
050 000300 N
051 000300 N
052 000300 N
053 A000300 N
054 A000300 Y
054 B000300 Y
054 C000300 Y
054 D000300 N
054 E000300 N
054 F000300 N
054 G000300 Y
054 H000300 Y
054 I000300 N
054 J000300 Y
054 K000300 N
054 L000300 Y
054 M000300 Y
054 N000300 N
054 O000300 Y
055 A000300 N
055 B000300 N
056 000300 Y
057 000300 N
058 A000300 N
059 000300 Y
060 A000300 Y
060 B000300 Y
061 000300 0
062 A000300 Y
062 B000300 0.0
062 C000300 5.7
062 D000300 0.0
<PAGE> PAGE 17
062 E000300 0.0
062 F000300 0.0
062 G000300 0.0
062 H000300 0.0
062 I000300 96.1
062 J000300 0.0
062 K000300 0.0
062 L000300 -1.8
062 M000300 0.0
062 N000300 0.0
062 O000300 0.0
062 P000300 0.0
062 Q000300 0.0
062 R000300 0.0
063 A000300 30
063 B000300 0.0
064 A000300 N
066 A000300 N
067 000300 N
068 A000300 N
068 B000300 N
069 000300 N
070 A010300 Y
070 A020300 N
070 B010300 N
070 B020300 N
070 C010300 N
070 C020300 N
070 D010300 N
070 D020300 N
070 E010300 N
070 E020300 N
070 F010300 N
070 F020300 N
070 G010300 N
070 G020300 N
070 H010300 N
070 H020300 N
070 I010300 N
070 I020300 N
070 J010300 Y
070 J020300 N
070 K010300 N
070 K020300 N
070 L010300 Y
070 L020300 N
070 M010300 Y
070 M020300 N
070 N010300 N
070 N020300 N
070 O010300 Y
<PAGE> PAGE 18
070 O020300 Y
070 P010300 Y
070 P020300 Y
070 Q010300 N
070 Q020300 N
070 R010300 N
070 R020300 N
071 A000300 0
071 B000300 0
071 C000300 0
071 D000300 0
072 A000300 6
072 B000300 2711
072 C000300 0
072 D000300 0
072 E000300 0
072 F000300 226
072 G000300 20
072 H000300 0
072 I000300 1
072 J000300 4
072 K000300 0
072 L000300 12
072 M000300 3
072 N000300 0
072 O000300 0
072 P000300 0
072 Q000300 0
072 R000300 3
072 S000300 0
072 T000300 0
072 U000300 0
072 V000300 0
072 W000300 10
072 X000300 279
072 Y000300 0
072 Z000300 2432
072AA000300 0
072BB000300 0
072CC010300 26
072CC020300 0
072DD010300 0
072DD020300 0
072EE000300 0
073 A010300 0.0000
073 A020300 0.0000
073 B000300 0.0000
073 C000300 0.0000
074 A000300 453
074 B000300 0
074 C000300 94772
<PAGE> PAGE 19
074 D000300 0
074 E000300 0
074 F000300 0
074 G000300 0
074 H000300 0
074 I000300 0
074 J000300 7
074 K000300 150
074 L000300 57
074 M000300 0
074 N000300 95439
074 O000300 2000
074 P000300 341
074 Q000300 0
074 R010300 0
074 R020300 0
074 R030300 0
074 R040300 54
074 S000300 0
074 T000300 93044
074 U010300 7379
074 U020300 0
074 V010300 12.61
074 V020300 0.00
074 W000300 0.0000
074 X000300 24
074 Y000300 0
075 A000300 0
075 B000300 90787
076 000300 0.00
008 A000401 SECURITY MANAGEMENT COMPANY
008 B000401 A
008 C000401 801-8008
008 D010401 TOPEKA
008 D020401 KS
008 D030401 66636
008 D040401 0001
008 A000402 LEXINGTON MANAGEMENT CORPORATION
008 B000402 S
008 C000402 801-8281
008 D010402 SADDLE BROOK
008 D020402 NJ
008 D030402 07662
011 A000401 SECURITY DISTRIBUTORS, INC.
011 B000401 8-10781
011 C010401 TOPEKA
011 C020401 KS
011 C030401 66636
011 C040401 0001
015 A000401 CHASE MANHATTAN BANK, N.A.
015 B000401 C
<PAGE> PAGE 20
015 C010401 NEW YORK
015 C020401 NY
015 C030401 10036
015 E010401 X
028 A010400 5540
028 A020400 0
028 A030400 0
028 A040400 6021
028 B010400 22253
028 B020400 0
028 B030400 0
028 B040400 6659
028 C010400 5576
028 C020400 0
028 C030400 0
028 C040400 5467
028 D010400 5106
028 D020400 0
028 D030400 0
028 D040400 3037
028 E010400 4783
028 E020400 0
028 E030400 0
028 E040400 3898
028 F010400 4133
028 F020400 0
028 F030400 0
028 F040400 5344
028 G010400 47391
028 G020400 0
028 G030400 0
028 G040400 30426
028 H000400 0
045 000400 Y
046 000400 N
047 000400 Y
048 000400 1.000
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
048 G010400 0
048 G020400 0.000
<PAGE> PAGE 21
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
049 000400 N
050 000400 N
051 000400 N
052 000400 N
053 A000400 N
054 A000400 Y
054 B000400 Y
054 C000400 Y
054 D000400 N
054 E000400 N
054 F000400 N
054 G000400 Y
054 H000400 Y
054 I000400 N
054 J000400 Y
054 K000400 N
054 L000400 Y
054 M000400 Y
054 N000400 N
054 O000400 Y
055 A000400 N
055 B000400 N
056 000400 Y
057 000400 N
058 A000400 N
059 000400 Y
060 A000400 Y
060 B000400 Y
061 000400 0
062 A000400 N
062 B000400 0.0
062 C000400 0.0
062 D000400 0.0
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 0.0
062 N000400 0.0
<PAGE> PAGE 22
062 O000400 0.0
062 P000400 0.0
062 Q000400 0.0
062 R000400 0.0
063 A000400 0
063 B000400 0.0
066 A000400 Y
066 B000400 N
066 C000400 N
066 D000400 Y
066 E000400 N
066 F000400 N
066 G000400 N
067 000400 N
068 A000400 N
068 B000400 Y
069 000400 N
070 A010400 Y
070 A020400 N
070 B010400 N
070 B020400 N
070 C010400 N
070 C020400 N
070 D010400 N
070 D020400 N
070 E010400 N
070 E020400 N
070 F010400 N
070 F020400 N
070 G010400 N
070 G020400 N
070 H010400 N
070 H020400 N
070 I010400 N
070 I020400 N
070 J010400 Y
070 J020400 N
070 K010400 N
070 K020400 N
070 L010400 Y
070 L020400 Y
070 M010400 Y
070 M020400 Y
070 N010400 N
070 N020400 N
070 O010400 Y
070 O020400 N
070 P010400 Y
070 P020400 Y
070 Q010400 N
070 Q020400 N
<PAGE> PAGE 23
070 R010400 N
070 R020400 N
071 A000400 135504
071 B000400 99457
071 C000400 140639
071 D000400 142
072 A000400 6
072 B000400 365
072 C000400 1854
072 D000400 0
072 E000400 -163
072 F000400 788
072 G000400 54
072 H000400 0
072 I000400 1
072 J000400 97
072 K000400 0
072 L000400 12
072 M000400 3
072 N000400 1
072 O000400 0
072 P000400 0
072 Q000400 0
072 R000400 18
072 S000400 0
072 T000400 0
072 U000400 0
072 V000400 0
072 W000400 77
072 X000400 1051
072 Y000400 0
072 Z000400 1005
072AA000400 0
072BB000400 1690
072CC010400 4539
072CC020400 0
072DD010400 0
072DD020400 0
072EE000400 0
073 A010400 0.0000
073 A020400 0.0000
073 B000400 0.0000
073 C000400 0.0000
074 A000400 937
074 B000400 0
074 C000400 0
074 D000400 0
074 E000400 0
074 F000400 165709
074 G000400 0
074 H000400 0
<PAGE> PAGE 24
074 I000400 0
074 J000400 2315
074 K000400 305
074 L000400 532
074 M000400 0
074 N000400 169798
074 O000400 868
074 P000400 868
074 Q000400 0
074 R010400 0
074 R020400 0
074 R030400 0
074 R040400 206
074 S000400 0
074 T000400 167856
074 U010400 32506
074 U020400 0
074 V010400 5.16
074 V020400 0.00
074 W000400 0.0000
074 X000400 17
074 Y000400 0
075 A000400 0
075 B000400 157934
076 000400 0.00
008 A000501 SECURITY MANAGEMENT COMPANY
008 B000501 A
008 C000501 801-8008
008 D010501 TOPEKA
008 D020501 KS
008 D030501 66636
008 D040501 0001
011 A000501 SECURITY DISTRIBUTORS, INC.
011 B000501 8-10781
011 C010501 TOPEKA
011 C020501 KS
011 C030501 66636
011 C040501 0001
015 A000501 UMB BANK, N.A.
015 B000501 C
015 C010501 KANSAS CITY
015 C020501 MO
015 C030501 64106
015 E010501 X
028 A010500 3059
028 A020500 0
028 A030500 0
028 A040500 3159
028 B010500 5076
028 B020500 0
028 B030500 0
<PAGE> PAGE 25
028 B040500 6481
028 C010500 2637
028 C020500 0
028 C030500 0
028 C040500 6352
028 D010500 4628
028 D020500 0
028 D030500 0
028 D040500 2077
028 E010500 10189
028 E020500 0
028 E030500 0
028 E040500 2659
028 F010500 2794
028 F020500 0
028 F030500 0
028 F040500 4632
028 G010500 28383
028 G020500 0
028 G030500 0
028 G040500 25360
028 H000500 0
045 000500 Y
046 000500 N
047 000500 Y
048 000500 0.750
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
049 000500 N
050 000500 N
051 000500 N
<PAGE> PAGE 26
052 000500 N
053 A000500 N
054 A000500 Y
054 B000500 Y
054 C000500 Y
054 D000500 N
054 E000500 N
054 F000500 N
054 G000500 Y
054 H000500 Y
054 I000500 N
054 J000500 Y
054 K000500 N
054 L000500 Y
054 M000500 Y
054 N000500 N
054 O000500 Y
055 A000500 N
055 B000500 N
056 000500 Y
057 000500 N
058 A000500 N
059 000500 Y
060 A000500 Y
060 B000500 Y
061 000500 0
062 A000500 Y
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
062 L000500 2.2
062 M000500 0.0
062 N000500 9.1
062 O000500 0.0
062 P000500 88.7
062 Q000500 0.0
062 R000500 0.0
063 A000500 0
063 B000500 19.9
064 A000500 N
066 A000500 N
067 000500 N
068 A000500 N
068 B000500 N
<PAGE> PAGE 27
069 000500 N
070 A010500 Y
070 A020500 N
070 B010500 N
070 B020500 N
070 C010500 N
070 C020500 N
070 D010500 N
070 D020500 N
070 E010500 N
070 E020500 N
070 F010500 N
070 F020500 N
070 G010500 N
070 G020500 N
070 H010500 N
070 H020500 N
070 I010500 N
070 I020500 N
070 J010500 Y
070 J020500 N
070 K010500 N
070 K020500 N
070 L010500 Y
070 L020500 N
070 M010500 Y
070 M020500 N
070 N010500 N
070 N020500 N
070 O010500 Y
070 O020500 N
070 P010500 Y
070 P020500 Y
070 Q010500 N
070 Q020500 N
070 R010500 N
070 R020500 N
071 A000500 124332
071 B000500 117829
071 C000500 107677
071 D000500 232
072 A000500 6
072 B000500 4461
072 C000500 0
072 D000500 0
072 E000500 0
072 F000500 423
072 G000500 26
072 H000500 0
072 I000500 1
072 J000500 1
<PAGE> PAGE 28
072 K000500 0
072 L000500 5
072 M000500 3
072 N000500 0
072 O000500 0
072 P000500 0
072 Q000500 0
072 R000500 14
072 S000500 0
072 T000500 0
072 U000500 0
072 V000500 0
072 W000500 7
072 X000500 480
072 Y000500 0
072 Z000500 3981
072AA000500 1787
072BB000500 0
072CC010500 4997
072CC020500 0
072DD010500 0
072DD020500 0
072EE000500 0
073 A010500 0.0000
073 A020500 0.0000
073 B000500 0.0000
073 C000500 0.0000
074 A000500 492
074 B000500 0
074 C000500 0
074 D000500 118176
074 E000500 0
074 F000500 0
074 G000500 0
074 H000500 0
074 I000500 0
074 J000500 5327
074 K000500 385
074 L000500 2297
074 M000500 0
074 N000500 126677
074 O000500 5446
074 P000500 258
074 Q000500 0
074 R010500 0
074 R020500 0
074 R030500 0
074 R040500 107
074 S000500 0
074 T000500 120866
074 U010500 9532
<PAGE> PAGE 29
074 U020500 0
074 V010500 12.68
074 V020500 0.00
074 W000500 0.0000
074 X000500 19
074 Y000500 0
075 A000500 0
075 B000500 113198
076 000500 0.00
008 A000601 SECURITY MANAGEMENT COMPANY
008 B000601 A
008 C000601 801-8008
008 D010601 TOPEKA
008 D020601 KS
008 D030601 66636
008 D040601 0001
011 A000601 SECURITY DISTRIBUTORS, INC.
011 B000601 8-10781
011 C010601 TOPEKA
011 C020601 KS
011 C030601 66636
011 C040601 0001
015 A000601 UMB BANK, N.A.
015 B000601 C
015 C010601 KANSAS CITY
015 C020601 MO
015 C030601 64106
015 E010601 X
028 A010600 802
028 A020600 0
028 A030600 0
028 A040600 694
028 B010600 708
028 B020600 0
028 B030600 0
028 B040600 471
028 C010600 600
028 C020600 0
028 C030600 0
028 C040600 481
028 D010600 946
028 D020600 0
028 D030600 0
028 D040600 328
028 E010600 571
028 E020600 0
028 E030600 0
028 E040600 285
028 F010600 774
028 F020600 0
028 F030600 0
<PAGE> PAGE 30
028 F040600 608
028 G010600 4401
028 G020600 0
028 G030600 0
028 G040600 2867
028 H000600 0
045 000600 Y
046 000600 N
047 000600 Y
048 000600 0.750
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
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
049 000600 N
050 000600 N
051 000600 N
052 000600 N
053 A000600 N
054 A000600 Y
054 B000600 Y
054 C000600 Y
054 D000600 N
054 E000600 N
054 F000600 N
054 G000600 Y
054 H000600 Y
054 I000600 N
054 J000600 Y
054 K000600 N
054 L000600 Y
054 M000600 Y
054 N000600 N
<PAGE> PAGE 31
054 O000600 Y
055 A000600 N
055 B000600 N
056 000600 Y
057 000600 N
058 A000600 N
059 000600 Y
060 A000600 Y
060 B000600 Y
061 000600 0
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
063 A000600 0
063 B000600 0.0
066 A000600 Y
066 B000600 N
066 C000600 N
066 D000600 N
066 E000600 N
066 F000600 N
066 G000600 Y
067 000600 N
068 A000600 N
068 B000600 N
069 000600 N
070 A010600 Y
070 A020600 N
070 B010600 N
070 B020600 N
070 C010600 N
070 C020600 N
070 D010600 N
070 D020600 N
070 E010600 N
070 E020600 N
<PAGE> PAGE 32
070 F010600 N
070 F020600 N
070 G010600 N
070 G020600 N
070 H010600 N
070 H020600 N
070 I010600 N
070 I020600 N
070 J010600 Y
070 J020600 N
070 K010600 N
070 K020600 N
070 L010600 Y
070 L020600 N
070 M010600 Y
070 M020600 N
070 N010600 N
070 N020600 N
070 O010600 Y
070 O020600 N
070 P010600 Y
070 P020600 Y
070 Q010600 N
070 Q020600 N
070 R010600 Y
070 R020600 N
071 A000600 23082
071 B000600 19064
071 C000600 23012
071 D000600 166
072 A000600 6
072 B000600 121
072 C000600 103
072 D000600 0
072 E000600 0
072 F000600 99
072 G000600 6
072 H000600 0
072 I000600 1
072 J000600 3
072 K000600 0
072 L000600 2
072 M000600 1
072 N000600 0
072 O000600 0
072 P000600 0
072 Q000600 0
072 R000600 1
072 S000600 0
072 T000600 0
072 U000600 0
<PAGE> PAGE 33
072 V000600 0
072 W000600 1
072 X000600 114
072 Y000600 0
072 Z000600 110
072AA000600 272
072BB000600 0
072CC010600 3112
072CC020600 0
072DD010600 0
072DD020600 0
072EE000600 0
073 A010600 0.0000
073 A020600 0.0000
073 B000600 0.0000
073 C000600 0.0000
074 A000600 81
074 B000600 0
074 C000600 1893
074 D000600 0
074 E000600 0
074 F000600 27619
074 G000600 0
074 H000600 0
074 I000600 0
074 J000600 0
074 K000600 37
074 L000600 29
074 M000600 0
074 N000600 29659
074 O000600 0
074 P000600 70
074 Q000600 0
074 R010600 0
074 R020600 0
074 R030600 0
074 R040600 22
074 S000600 0
074 T000600 29567
074 U010600 2005
074 U020600 0
074 V010600 14.75
074 V020600 0.00
074 W000600 0.0000
074 X000600 13
074 Y000600 0
075 A000600 0
075 B000600 26612
076 000600 0.00
008 A000701 SECURITY MANAGEMENT COMPANY
008 B000701 A
<PAGE> PAGE 34
008 C000701 801-8008
008 D010701 TOPEKA
008 D020701 KS
008 D030701 66636
008 D040701 0001
011 A000701 SECURITY DISTRIBUTORS, INC.
011 B000701 8-10781
011 C010701 TOPEKA
011 C020701 KS
011 C030701 66636
011 C040701 0001
015 A000701 UMB BANK, N.A.
015 B000701 C
015 C010701 KANSAS CITY
015 C020701 MO
015 C030701 64106
015 E010701 X
028 A010700 3122
028 A020700 0
028 A030700 0
028 A040700 1604
028 B010700 4199
028 B020700 0
028 B030700 0
028 B040700 2343
028 C010700 2739
028 C020700 0
028 C030700 0
028 C040700 2334
028 D010700 2524
028 D020700 0
028 D030700 0
028 D040700 1526
028 E010700 3080
028 E020700 0
028 E030700 0
028 E040700 2761
028 F010700 3799
028 F020700 0
028 F030700 0
028 F040700 11683
028 G010700 19463
028 G020700 0
028 G030700 0
028 G040700 22251
028 H000700 0
045 000700 Y
046 000700 N
047 000700 Y
048 000700 0.750
048 A010700 0
<PAGE> PAGE 35
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
049 000700 N
050 000700 N
051 000700 N
052 000700 N
053 A000700 N
054 A000700 Y
054 B000700 Y
054 C000700 Y
054 D000700 N
054 E000700 N
054 F000700 N
054 G000700 Y
054 H000700 Y
054 I000700 N
054 J000700 Y
054 K000700 N
054 L000700 Y
054 M000700 Y
054 N000700 N
054 O000700 Y
055 A000700 N
055 B000700 N
056 000700 Y
057 000700 N
058 A000700 N
059 000700 Y
060 A000700 Y
060 B000700 Y
061 000700 0
062 A000700 N
<PAGE> PAGE 36
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
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
063 A000700 0
063 B000700 0.0
066 A000700 Y
066 B000700 N
066 C000700 Y
066 D000700 N
066 E000700 N
066 F000700 N
066 G000700 N
067 000700 N
068 A000700 N
068 B000700 N
069 000700 N
070 A010700 Y
070 A020700 N
070 B010700 N
070 B020700 N
070 C010700 N
070 C020700 N
070 D010700 N
070 D020700 N
070 E010700 N
070 E020700 N
070 F010700 N
070 F020700 N
070 G010700 N
070 G020700 N
070 H010700 N
070 H020700 N
070 I010700 N
070 I020700 N
070 J010700 N
070 J020700 N
070 K010700 N
<PAGE> PAGE 37
070 K020700 N
070 L010700 N
070 L020700 N
070 M010700 Y
070 M020700 N
070 N010700 N
070 N020700 N
070 O010700 Y
070 O020700 Y
070 P010700 Y
070 P020700 Y
070 Q010700 N
070 Q020700 N
070 R010700 N
070 R020700 N
071 A000700 87299
071 B000700 83374
071 C000700 71623
071 D000700 233
072 A000700 6
072 B000700 220
072 C000700 283
072 D000700 0
072 E000700 0
072 F000700 309
072 G000700 19
072 H000700 0
072 I000700 1
072 J000700 3
072 K000700 0
072 L000700 7
072 M000700 1
072 N000700 0
072 O000700 0
072 P000700 0
072 Q000700 0
072 R000700 1
072 S000700 0
072 T000700 0
072 U000700 0
072 V000700 0
072 W000700 2
072 X000700 343
072 Y000700 0
072 Z000700 160
072AA000700 1527
072BB000700 0
072CC010700 5789
072CC020700 0
072DD010700 0
072DD020700 0
<PAGE> PAGE 38
072EE000700 0
073 A010700 0.0000
073 A020700 0.0000
073 B000700 0.0000
073 C000700 0.0000
074 A000700 0
074 B000700 0
074 C000700 899
074 D000700 0
074 E000700 0
074 F000700 77118
074 G000700 0
074 H000700 0
074 I000700 0
074 J000700 5465
074 K000700 65
074 L000700 47
074 M000700 0
074 N000700 83594
074 O000700 1375
074 P000700 532
074 Q000700 0
074 R010700 0
074 R020700 0
074 R030700 0
074 R040700 61
074 S000700 0
074 T000700 81626
074 U010700 5551
074 U020700 0
074 V010700 14.70
074 V020700 0.00
074 W000700 0.0000
074 X000700 10
074 Y000700 0
075 A000700 0
075 B000700 82584
076 000700 0.00
008 A000801 LEXINGTON MANAGEMENT CORPORATION
008 B000801 S
008 C000801 801-8281
008 D010801 SADDLE BROOK
008 D020801 NJ
008 D030801 07662
008 A000802 MFR ADVISORS, INC.
008 B000802 S
008 C000802 801-38015
008 D010802 NEW YORK
008 D020802 NY
008 D030802 10281
008 A000803 SECURITY MANAGEMENT COMPANY
<PAGE> PAGE 39
008 B000803 A
008 C000803 801-8008
008 D010803 TOPEKA
008 D020803 KS
008 D030803 66636
011 A000801 SECURITY DISTRIBUTORS, INC
011 B000801 8-10781
011 C010801 TOPEKA
011 C020801 KS
011 C030801 66636
015 A000801 CHASE MANHATTAN BANK
015 B000801 C
015 C010801 NEW YORK
015 C020801 NY
015 C030801 10036
015 E010801 X
028 A010800 0
028 A020800 0
028 A030800 0
028 A040800 0
028 B010800 0
028 B020800 0
028 B030800 0
028 B040800 0
028 C010800 0
028 C020800 0
028 C030800 0
028 C040800 0
028 D010800 0
028 D020800 0
028 D030800 0
028 D040800 0
028 E010800 0
028 E020800 0
028 E030800 0
028 E040800 0
028 F010800 3819
028 F020800 0
028 F030800 0
028 F040800 1
028 G010800 3819
028 G020800 0
028 G030800 0
028 G040800 1
028 H000800 0
045 000800 Y
046 000800 N
047 000800 Y
048 000800 0.750
048 A010800 0
048 A020800 0.000
<PAGE> PAGE 40
048 B010800 0
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
049 000800 N
050 000800 N
051 000800 N
052 000800 N
053 A000800 Y
053 B000800 Y
053 C000800 N
054 A000800 Y
054 B000800 Y
054 C000800 Y
054 D000800 N
054 E000800 N
054 F000800 N
054 G000800 Y
054 H000800 Y
054 I000800 N
054 J000800 Y
054 K000800 N
054 L000800 Y
054 M000800 Y
054 N000800 N
054 O000800 Y
055 A000800 N
055 B000800 N
056 000800 Y
057 000800 N
058 A000800 N
059 000800 Y
060 A000800 Y
060 B000800 Y
061 000800 0
<PAGE> PAGE 41
062 A000800 Y
062 B000800 10.4
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 10.1
062 M000800 0.0
062 N000800 0.0
062 O000800 0.0
062 P000800 26.4
062 Q000800 53.1
062 R000800 0.0
063 A000800 0
063 B000800 13.0
064 A000800 N
066 A000800 N
067 000800 N
068 A000800 N
068 B000800 Y
069 000800 N
070 A010800 Y
070 A020800 N
070 B010800 Y
070 B020800 N
070 C010800 Y
070 C020800 N
070 D010800 Y
070 D020800 N
070 E010800 Y
070 E020800 N
070 F010800 Y
070 F020800 N
070 G010800 Y
070 G020800 N
070 H010800 Y
070 H020800 N
070 I010800 N
070 I020800 N
070 J010800 Y
070 J020800 N
070 K010800 Y
070 K020800 N
070 L010800 Y
070 L020800 Y
070 M010800 Y
<PAGE> PAGE 42
070 M020800 N
070 N010800 N
070 N020800 N
070 O010800 Y
070 O020800 N
070 P010800 Y
070 P020800 N
070 Q010800 Y
070 Q020800 N
070 R010800 Y
070 R020800 N
071 A000800 3309
071 B000800 145
071 C000800 3022
071 D000800 58
072 A000800 2
072 B000800 35
072 C000800 0
072 D000800 0
072 E000800 0
072 F000800 2
072 G000800 3
072 H000800 0
072 I000800 0
072 J000800 2
072 K000800 0
072 L000800 0
072 M000800 0
072 N000800 0
072 O000800 0
072 P000800 0
072 Q000800 0
072 R000800 0
072 S000800 0
072 T000800 0
072 U000800 0
072 V000800 0
072 W000800 0
072 X000800 7
072 Y000800 0
072 Z000800 29
072AA000800 0
072BB000800 4
072CC010800 0
072CC020800 40
072DD010800 0
072DD020800 0
072EE000800 0
073 A010800 0.0000
073 A020800 0.0000
073 B000800 0.0000
<PAGE> PAGE 43
073 C000800 0.0000
074 A000800 62
074 B000800 0
074 C000800 657
074 D000800 3021
074 E000800 0
074 F000800 0
074 G000800 0
074 H000800 0
074 I000800 0
074 J000800 0
074 K000800 17
074 L000800 52
074 M000800 0
074 N000800 3809
074 O000800 0
074 P000800 1
074 Q000800 0
074 R010800 0
074 R020800 0
074 R030800 0
074 R040800 6
074 S000800 0
074 T000800 3802
074 U010800 382
074 U020800 0
074 V010800 9.96
074 V020800 0.00
074 W000800 0.0000
074 X000800 0
074 Y000800 0
075 A000800 0
075 B000800 3732
076 000800 0.00
008 A000901 SECURITY MANAGEMENT COMPANY
008 B000901 A
008 C000901 801-8008
008 D010901 TOPEKA
008 D020901 KS
008 D030901 66636
011 A000901 SECURITY DISTRIBUTORS, INC
011 B000901 8-10781
011 C010901 TOPEKA
011 C020901 KS
011 C030901 66636
015 A000901 CHASE MANHATTAN BANK
015 B000901 C
015 C010901 NEW YORK
015 C020901 NY
015 C030901 10036
015 E010901 X
<PAGE> PAGE 44
028 A010900 0
028 A020900 0
028 A030900 0
028 A040900 0
028 B010900 0
028 B020900 0
028 B030900 0
028 B040900 0
028 C010900 0
028 C020900 0
028 C030900 0
028 C040900 0
028 D010900 0
028 D020900 0
028 D030900 0
028 D040900 0
028 E010900 0
028 E020900 0
028 E030900 0
028 E040900 0
028 F010900 3296
028 F020900 0
028 F030900 0
028 F040900 10
028 G010900 3296
028 G020900 0
028 G030900 0
028 G040900 10
028 H000900 0
045 000900 Y
046 000900 N
047 000900 Y
048 000900 1.000
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
<PAGE> PAGE 45
048 J010900 0
048 J020900 0.000
048 K010900 0
048 K020900 0.000
049 000900 N
050 000900 N
051 000900 N
052 000900 N
053 A000900 Y
053 B000900 Y
053 C000900 N
054 A000900 Y
054 B000900 Y
054 C000900 Y
054 D000900 N
054 E000900 N
054 F000900 N
054 G000900 Y
054 H000900 Y
054 I000900 N
054 J000900 Y
054 K000900 N
054 L000900 Y
054 M000900 Y
054 N000900 N
054 O000900 Y
055 A000900 N
055 B000900 N
056 000900 Y
057 000900 N
058 A000900 N
059 000900 Y
060 A000900 Y
060 B000900 Y
061 000900 0
062 A000900 N
062 B000900 0.0
062 C000900 0.0
062 D000900 0.0
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
<PAGE> PAGE 46
062 Q000900 0.0
062 R000900 0.0
063 A000900 0
063 B000900 0.0
066 A000900 Y
066 B000900 N
066 C000900 N
066 D000900 N
066 E000900 N
066 F000900 N
066 G000900 Y
067 000900 N
068 A000900 N
068 B000900 N
069 000900 N
070 A010900 Y
070 A020900 N
070 B010900 Y
070 B020900 N
070 C010900 Y
070 C020900 N
070 D010900 Y
070 D020900 N
070 E010900 Y
070 E020900 N
070 F010900 Y
070 F020900 Y
070 G010900 Y
070 G020900 N
070 H010900 Y
070 H020900 Y
070 I010900 N
070 I020900 N
070 J010900 N
070 J020900 N
070 K010900 Y
070 K020900 Y
070 L010900 Y
070 L020900 Y
070 M010900 Y
070 M020900 Y
070 N010900 N
070 N020900 N
070 O010900 Y
070 O020900 N
070 P010900 Y
070 P020900 Y
070 Q010900 Y
070 Q020900 N
070 R010900 Y
070 R020900 N
<PAGE> PAGE 47
071 A000900 2048
071 B000900 0
071 C000900 2071
071 D000900 0
072 A000900 2
072 B000900 3
072 C000900 2
072 D000900 0
072 E000900 0
072 F000900 2
072 G000900 3
072 H000900 0
072 I000900 0
072 J000900 6
072 K000900 0
072 L000900 0
072 M000900 0
072 N000900 0
072 O000900 0
072 P000900 0
072 Q000900 0
072 R000900 0
072 S000900 0
072 T000900 0
072 U000900 0
072 V000900 0
072 W000900 0
072 X000900 11
072 Y000900 7
072 Z000900 1
072AA000900 0
072BB000900 0
072CC010900 23
072CC020900 0
072DD010900 0
072DD020900 0
072EE000900 0
073 A010900 0.0000
073 A020900 0.0000
073 B000900 0.0000
073 C000900 0.0000
074 A000900 366
074 B000900 0
074 C000900 1084
074 D000900 612
074 E000900 0
074 F000900 1295
074 G000900 0
074 H000900 0
074 I000900 0
074 J000900 0
<PAGE> PAGE 48
074 K000900 0
074 L000900 17
074 M000900 164
074 N000900 3538
074 O000900 218
074 P000900 0
074 Q000900 0
074 R010900 0
074 R020900 0
074 R030900 0
074 R040900 11
074 S000900 0
074 T000900 3309
074 U010900 328
074 U020900 0
074 V010900 10.08
074 V020900 0.00
074 W000900 0.0000
074 X000900 10
074 Y000900 0
075 A000900 0
075 B000900 2816
076 000900 0.00
008 A001001 T. ROWE PRICE ASSOCIATES, INC.
008 B001001 S
008 C001001 801-856
008 D011001 BALTIMORE
008 D021001 MD
008 D031001 21202
008 A001002 SECURITY MANAGEMENT COMPANY
008 B001002 A
008 C001002 801-8008
008 D011002 TOPEKA
008 D021002 KS
008 D031002 66636
011 A001001 SECURITY DISTRIBUTORS, INC
011 B001001 8-10781
011 C011001 TOPEKA
011 C021001 KS
011 C031001 66636
015 A001001 CHASE MANHATTAN BANK
015 B001001 C
015 C011001 NEW YORK
015 C021001 NY
015 C031001 10036
015 E011001 X
028 A011000 0
028 A021000 0
028 A031000 0
028 A041000 0
028 B011000 0
<PAGE> PAGE 49
028 B021000 0
028 B031000 0
028 B041000 0
028 C011000 0
028 C021000 0
028 C031000 0
028 C041000 0
028 D011000 0
028 D021000 0
028 D031000 0
028 D041000 0
028 E011000 0
028 E021000 0
028 E031000 0
028 E041000 0
028 F011000 5192
028 F021000 0
028 F031000 0
028 F041000 0
028 G011000 5192
028 G021000 0
028 G031000 0
028 G041000 0
028 H001000 0
045 001000 Y
046 001000 N
047 001000 Y
048 001000 1.000
048 A011000 0
048 A021000 0.000
048 B011000 0
048 B021000 0.000
048 C011000 0
048 C021000 0.000
048 D011000 0
048 D021000 0.000
048 E011000 0
048 E021000 0.000
048 F011000 0
048 F021000 0.000
048 G011000 0
048 G021000 0.000
048 H011000 0
048 H021000 0.000
048 I011000 0
048 I021000 0.000
048 J011000 0
048 J021000 0.000
048 K011000 0
048 K021000 0.000
049 001000 N
<PAGE> PAGE 50
050 001000 N
051 001000 N
052 001000 N
053 A001000 Y
053 B001000 Y
053 C001000 N
054 A001000 Y
054 B001000 Y
054 C001000 Y
054 D001000 N
054 E001000 N
054 F001000 N
054 G001000 Y
054 H001000 Y
054 I001000 N
054 J001000 Y
054 K001000 N
054 L001000 Y
054 M001000 Y
054 N001000 N
054 O001000 Y
055 A001000 N
055 B001000 N
056 001000 Y
057 001000 N
058 A001000 N
059 001000 Y
060 A001000 Y
060 B001000 Y
061 001000 0
062 A001000 N
062 B001000 0.0
062 C001000 0.0
062 D001000 0.0
062 E001000 0.0
062 F001000 0.0
062 G001000 0.0
062 H001000 0.0
062 I001000 0.0
062 J001000 0.0
062 K001000 0.0
062 L001000 0.0
062 M001000 0.0
062 N001000 0.0
062 O001000 0.0
062 P001000 0.0
062 Q001000 0.0
062 R001000 0.0
063 A001000 0
063 B001000 0.0
066 A001000 Y
<PAGE> PAGE 51
066 B001000 N
066 C001000 N
066 D001000 N
066 E001000 N
066 F001000 N
066 G001000 Y
067 001000 N
068 A001000 N
068 B001000 N
069 001000 N
070 A011000 Y
070 A021000 N
070 B011000 Y
070 B021000 N
070 C011000 Y
070 C021000 N
070 D011000 Y
070 D021000 N
070 E011000 Y
070 E021000 N
070 F011000 Y
070 F021000 N
070 G011000 Y
070 G021000 N
070 H011000 Y
070 H021000 N
070 I011000 N
070 I021000 N
070 J011000 Y
070 J021000 N
070 K011000 Y
070 K021000 Y
070 L011000 Y
070 L021000 N
070 M011000 Y
070 M021000 N
070 N011000 N
070 N021000 N
070 O011000 Y
070 O021000 N
070 P011000 Y
070 P021000 Y
070 Q011000 Y
070 Q021000 N
070 R011000 Y
070 R021000 N
071 A001000 4030
071 B001000 51
071 C001000 4002
071 D001000 15
072 A001000 2
<PAGE> PAGE 52
072 B001000 18
072 C001000 4
072 D001000 0
072 E001000 0
072 F001000 4
072 G001000 3
072 H001000 0
072 I001000 0
072 J001000 2
072 K001000 0
072 L001000 0
072 M001000 0
072 N001000 0
072 O001000 0
072 P001000 0
072 Q001000 0
072 R001000 0
072 S001000 0
072 T001000 0
072 U001000 0
072 V001000 0
072 W001000 0
072 X001000 9
072 Y001000 1
072 Z001000 14
072AA001000 0
072BB001000 3
072CC011000 2
072CC021000 0
072DD011000 0
072DD021000 0
072EE001000 0
073 A011000 0.0000
073 A021000 0.0000
073 B001000 0.0000
073 C001000 0.0000
074 A001000 0
074 B001000 0
074 C001000 1389
074 D001000 1996
074 E001000 0
074 F001000 2006
074 G001000 0
074 H001000 0
074 I001000 0
074 J001000 51
074 K001000 0
074 L001000 34
074 M001000 37
074 N001000 5513
074 O001000 276
<PAGE> PAGE 53
074 P001000 0
074 Q001000 0
074 R011000 0
074 R021000 0
074 R031000 0
074 R041000 10
074 S001000 0
074 T001000 5227
074 U011000 519
074 U021000 0
074 V011000 10.07
074 V021000 0.00
074 W001000 0.0000
074 X001000 5
074 Y001000 0
075 A001000 0
075 B001000 5092
076 001000 0.00
008 A001101 T. ROWE PRICE ASSOCIATES, INC.
008 B001101 S
008 C001101 801-856
008 D011101 BALTIMORE
008 D021101 MD
008 D031101 21202
008 A001102 SECURITY MANAGEMENT COMPANY
008 B001102 A
008 C001102 801-8008
008 D011102 TOPEKA
008 D021102 KS
008 D031102 66636
011 A001101 SECURITY DISTRIBUTORS, INC
011 B001101 8-10781
011 C011101 TOPEKA
011 C021101 KS
011 C031101 66636
015 A001101 CHASE MANHATTAN BANK
015 B001101 C
015 C011101 NEW YORK
015 C021101 NY
015 C031101 10036
015 E011101 X
028 A011100 0
028 A021100 0
028 A031100 0
028 A041100 0
028 B011100 0
028 B021100 0
028 B031100 0
028 B041100 0
028 C011100 0
028 C021100 0
<PAGE> PAGE 54
028 C031100 0
028 C041100 0
028 D011100 0
028 D021100 0
028 D031100 0
028 D041100 0
028 E011100 0
028 E021100 0
028 E031100 0
028 E041100 0
028 F011100 2701
028 F021100 0
028 F031100 0
028 F041100 5
028 G011100 2701
028 G021100 0
028 G031100 0
028 G041100 5
028 H001100 0
045 001100 Y
046 001100 N
047 001100 Y
048 001100 1.000
048 A011100 0
048 A021100 0.000
048 B011100 0
048 B021100 0.000
048 C011100 0
048 C021100 0.000
048 D011100 0
048 D021100 0.000
048 E011100 0
048 E021100 0.000
048 F011100 0
048 F021100 0.000
048 G011100 0
048 G021100 0.000
048 H011100 0
048 H021100 0.000
048 I011100 0
048 I021100 0.000
048 J011100 0
048 J021100 0.000
048 K011100 0
048 K021100 0.000
049 001100 N
050 001100 N
051 001100 N
052 001100 N
053 A001100 N
054 A001100 Y
<PAGE> PAGE 55
054 B001100 Y
054 C001100 Y
054 D001100 N
054 E001100 N
054 F001100 N
054 G001100 Y
054 H001100 Y
054 I001100 N
054 J001100 Y
054 K001100 N
054 L001100 Y
054 M001100 Y
054 N001100 N
054 O001100 Y
055 A001100 N
055 B001100 N
056 001100 Y
057 001100 N
058 A001100 N
059 001100 Y
060 A001100 Y
060 B001100 Y
061 001100 0
062 A001100 N
062 B001100 0.0
062 C001100 0.0
062 D001100 0.0
062 E001100 0.0
062 F001100 0.0
062 G001100 0.0
062 H001100 0.0
062 I001100 0.0
062 J001100 0.0
062 K001100 0.0
062 L001100 0.0
062 M001100 0.0
062 N001100 0.0
062 O001100 0.0
062 P001100 0.0
062 Q001100 0.0
062 R001100 0.0
063 A001100 0
063 B001100 0.0
066 A001100 Y
066 B001100 N
066 C001100 N
066 D001100 N
066 E001100 N
066 F001100 Y
066 G001100 N
067 001100 N
<PAGE> PAGE 56
068 A001100 N
068 B001100 N
069 001100 N
070 A011100 Y
070 A021100 N
070 B011100 Y
070 B021100 N
070 C011100 Y
070 C021100 N
070 D011100 Y
070 D021100 N
070 E011100 Y
070 E021100 N
070 F011100 Y
070 F021100 N
070 G011100 Y
070 G021100 N
070 H011100 Y
070 H021100 N
070 I011100 N
070 I021100 N
070 J011100 Y
070 J021100 N
070 K011100 Y
070 K021100 Y
070 L011100 Y
070 L021100 Y
070 M011100 Y
070 M021100 Y
070 N011100 Y
070 N021100 N
070 O011100 Y
070 O021100 N
070 P011100 Y
070 P021100 Y
070 Q011100 Y
070 Q021100 N
070 R011100 N
070 R021100 N
071 A001100 2195
071 B001100 2202
071 C001100 0
071 D001100 0
072 A001100 2
072 B001100 4
072 C001100 4
072 D001100 0
072 E001100 0
072 F001100 2
072 G001100 0
072 H001100 0
<PAGE> PAGE 57
072 I001100 0
072 J001100 1
072 K001100 0
072 L001100 0
072 M001100 0
072 N001100 0
072 O001100 0
072 P001100 0
072 Q001100 0
072 R001100 0
072 S001100 0
072 T001100 0
072 U001100 0
072 V001100 0
072 W001100 0
072 X001100 3
072 Y001100 0
072 Z001100 5
072AA001100 0
072BB001100 0
072CC011100 7
072CC021100 0
072DD011100 0
072DD021100 0
072EE001100 0
073 A011100 0.0000
073 A021100 0.0000
073 B001100 0.0000
073 C001100 0.0000
074 A001100 0
074 B001100 0
074 C001100 523
074 D001100 202
074 E001100 0
074 F001100 1973
074 G001100 0
074 H001100 0
074 I001100 0
074 J001100 0
074 K001100 0
074 L001100 5
074 M001100 95
074 N001100 2798
074 O001100 88
074 P001100 0
074 Q001100 0
074 R011100 0
074 R021100 0
074 R031100 0
074 R041100 3
074 S001100 0
<PAGE> PAGE 58
074 T001100 2707
074 U011100 269
074 U021100 0
074 V011100 10.07
074 V021100 0.00
074 W001100 0.0000
074 X001100 0
074 Y001100 0
075 A001100 0
075 B001100 2304
076 001100 0.00
SIGNATURE JAMES R. SCHMANK
TITLE TREASURER
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000217087
<NAME> SBL FUND
<SERIES>
<NUMBER> 1
<NAME> SERIES A
<MULTIPLIER> 1000
<CURRENCY> U.S. DOLLARS
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> DEC-31-1995
<PERIOD-START> JAN-01-1995
<PERIOD-END> JUN-30-1995
<EXCHANGE-RATE> 1
<INVESTMENTS-AT-COST> 346976
<INVESTMENTS-AT-VALUE> 428758
<RECEIVABLES> 2245
<ASSETS-OTHER> 444
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 431447
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 0
<TOTAL-LIABILITIES> 842
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 322066
<SHARES-COMMON-STOCK> 22508
<SHARES-COMMON-PRIOR> 20765
<ACCUMULATED-NII-CURRENT> 5790
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 20967
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 81782
<NET-ASSETS> 430605
<DIVIDEND-INCOME> 3007
<INTEREST-INCOME> 956
<OTHER-INCOME> 0
<EXPENSES-NET> 1623
<NET-INVESTMENT-INCOME> 2340
<REALIZED-GAINS-CURRENT> 6106
<APPREC-INCREASE-CURRENT> 60432
<NET-CHANGE-FROM-OPS> 68878
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 5682
<NUMBER-OF-SHARES-REDEEMED> 3939
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> 98317
<ACCUMULATED-NII-PRIOR> 3
<ACCUMULATED-GAINS-PRIOR> 15
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 1452
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 1623
<AVERAGE-NET-ASSETS> 388283
<PER-SHARE-NAV-BEGIN> 16.00
<PER-SHARE-NII> .22
<PER-SHARE-GAIN-APPREC> 2.91
<PER-SHARE-DIVIDEND> 0
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 19.13
<EXPENSE-RATIO> .84
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000217087
<NAME> SBL FUND
<SERIES>
<NUMBER> 2
<NAME> SERIES B
<MULTIPLIER> 1000
<CURRENCY> U.S. DOLLARS
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> DEC-31-1995
<PERIOD-START> JAN-01-1995
<PERIOD-END> JUN-30-1995
<EXCHANGE-RATE> 1
<INVESTMENTS-AT-COST> 584790
<INVESTMENTS-AT-VALUE> 696015
<RECEIVABLES> 4959
<ASSETS-OTHER> 257
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 701231
<PAYABLE-FOR-SECURITIES> 2053
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 1426
<TOTAL-LIABILITIES> 3479
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 521291
<SHARES-COMMON-STOCK> 22720
<SHARES-COMMON-PRIOR> 22425
<ACCUMULATED-NII-CURRENT> 20754
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 44482
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 111225
<NET-ASSETS> 697752
<DIVIDEND-INCOME> 4545
<INTEREST-INCOME> 6933
<OTHER-INCOME> 0
<EXPENSES-NET> 2668
<NET-INVESTMENT-INCOME> 8810
<REALIZED-GAINS-CURRENT> 54522
<APPREC-INCREASE-CURRENT> 30782
<NET-CHANGE-FROM-OPS> 94114
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 2579
<NUMBER-OF-SHARES-REDEEMED> 2284
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> 102598
<ACCUMULATED-NII-PRIOR> 11945
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 2396
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 2668
<AVERAGE-NET-ASSETS> 640584
<PER-SHARE-NAV-BEGIN> 26.54
<PER-SHARE-NII> .38
<PER-SHARE-GAIN-APPREC> 3.79
<PER-SHARE-DIVIDEND> 0
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 30.71
<EXPENSE-RATIO> .84
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000217087
<NAME> SBL FUND
<SERIES>
<NUMBER> 3
<NAME> SERIES C
<MULTIPLIER> 1000
<CURRENCY> U.S. DOLLARS
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> DEC-31-1995
<PERIOD-START> JAN-01-1995
<PERIOD-END> JUN-30-1995
<EXCHANGE-RATE> 1
<INVESTMENTS-AT-COST> 94775
<INVESTMENTS-AT-VALUE> 94772
<RECEIVABLES> 211
<ASSETS-OTHER> 456
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 95439
<PAYABLE-FOR-SECURITIES> 2000
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 395
<TOTAL-LIABILITIES> 2395
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 86575
<SHARES-COMMON-STOCK> 7379
<SHARES-COMMON-PRIOR> 9671
<ACCUMULATED-NII-CURRENT> 6471
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 0
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> (2)
<NET-ASSETS> 93044
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 2712
<OTHER-INCOME> 0
<EXPENSES-NET> 280
<NET-INVESTMENT-INCOME> 2432
<REALIZED-GAINS-CURRENT> 0
<APPREC-INCREASE-CURRENT> 26
<NET-CHANGE-FROM-OPS> 2458
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 6033
<NUMBER-OF-SHARES-REDEEMED> 8325
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> (25,624)
<ACCUMULATED-NII-PRIOR> 4
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 226
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 279
<AVERAGE-NET-ASSETS> 90787
<PER-SHARE-NAV-BEGIN> 12.27
<PER-SHARE-NII> .46
<PER-SHARE-GAIN-APPREC> (.12)
<PER-SHARE-DIVIDEND> 0
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 12.61
<EXPENSE-RATIO> .62
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000217087
<NAME> SBL FUND
<SERIES>
<NUMBER> 4
<NAME> SERIES D
<MULTIPLIER> 1000
<CURRENCY> U.S. DOLLARS
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> DEC-31-1995
<PERIOD-START> JAN-01-1995
<PERIOD-END> JUN-30-1995
<EXCHANGE-RATE> 1
<INVESTMENTS-AT-COST> 157688
<INVESTMENTS-AT-VALUE> 165709
<RECEIVABLES> 2923
<ASSETS-OTHER> 1166
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 169798
<PAYABLE-FOR-SECURITIES> 683
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 1259
<TOTAL-LIABILITIES> 1942
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 159605
<SHARES-COMMON-STOCK> 32506
<SHARES-COMMON-PRIOR> 29002
<ACCUMULATED-NII-CURRENT> 364
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 43
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 7844
<NET-ASSETS> 167856
<DIVIDEND-INCOME> 1854
<INTEREST-INCOME> 202
<OTHER-INCOME> 0
<EXPENSES-NET> 1051
<NET-INVESTMENT-INCOME> 1005
<REALIZED-GAINS-CURRENT> (1690)
<APPREC-INCREASE-CURRENT> 4539
<NET-CHANGE-FROM-OPS> 3854
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 9578
<NUMBER-OF-SHARES-REDEEMED> 6074
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> 20824
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 1733
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 788
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 1051
<AVERAGE-NET-ASSETS> 157934
<PER-SHARE-NAV-BEGIN> 5.07
<PER-SHARE-NII> .03
<PER-SHARE-GAIN-APPREC> .06
<PER-SHARE-DIVIDEND> 0
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 5.16
<EXPENSE-RATIO> 1.33
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000217087
<NAME> SBL FUND
<SERIES>
<NUMBER> 5
<NAME> SERIES E
<MULTIPLIER> 1000
<CURRENCY> U.S. DOLLARS
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> DEC-31-1995
<PERIOD-START> JAN-01-1995
<PERIOD-END> JUN-30-1995
<EXCHANGE-RATE> 1
<INVESTMENTS-AT-COST> 115526
<INVESTMENTS-AT-VALUE> 118176
<RECEIVABLES> 8002
<ASSETS-OTHER> 499
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 126677
<PAYABLE-FOR-SECURITIES> 5446
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 365
<TOTAL-LIABILITIES> 5811
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 118091
<SHARES-COMMON-STOCK> 9532
<SHARES-COMMON-PRIOR> 9298
<ACCUMULATED-NII-CURRENT> 11431
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (11306)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 2650
<NET-ASSETS> 120866
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 4461
<OTHER-INCOME> 0
<EXPENSES-NET> 480
<NET-INVESTMENT-INCOME> 3981
<REALIZED-GAINS-CURRENT> 1787
<APPREC-INCREASE-CURRENT> 4997
<NET-CHANGE-FROM-OPS> 10765
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 2331
<NUMBER-OF-SHARES-REDEEMED> 2097
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> 13788
<ACCUMULATED-NII-PRIOR> 7
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 423
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 480
<AVERAGE-NET-ASSETS> 113198
<PER-SHARE-NAV-BEGIN> 11.52
<PER-SHARE-NII> .41
<PER-SHARE-GAIN-APPREC> .75
<PER-SHARE-DIVIDEND> 0
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 12.68
<EXPENSE-RATIO> .85
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000217087
<NAME> SBL FUND
<SERIES>
<NUMBER> 6
<NAME> SERIES S
<MULTIPLIER> 1000
<CURRENCY> U.S. DOLLARS
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> DEC-31-1995
<PERIOD-START> JAN-01-1995
<PERIOD-END> JUN-30-1995
<EXCHANGE-RATE> 1
<INVESTMENTS-AT-COST> 24062
<INVESTMENTS-AT-VALUE> 29512
<RECEIVABLES> 63
<ASSETS-OTHER> 84
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 29659
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 92
<TOTAL-LIABILITIES> 92
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 24193
<SHARES-COMMON-STOCK> 2005
<SHARES-COMMON-PRIOR> 1892
<ACCUMULATED-NII-CURRENT> 250
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (334)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 5450
<NET-ASSETS> 29567
<DIVIDEND-INCOME> 103
<INTEREST-INCOME> 121
<OTHER-INCOME> 0
<EXPENSES-NET> 114
<NET-INVESTMENT-INCOME> 110
<REALIZED-GAINS-CURRENT> 272
<APPREC-INCREASE-CURRENT> 3112
<NET-CHANGE-FROM-OPS> 3494
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 323
<NUMBER-OF-SHARES-REDEEMED> 210
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> 5027
<ACCUMULATED-NII-PRIOR> 147
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 100
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 114
<AVERAGE-NET-ASSETS> 26612
<PER-SHARE-NAV-BEGIN> 12.97
<PER-SHARE-NII> .04
<PER-SHARE-GAIN-APPREC> 1.74
<PER-SHARE-DIVIDEND> 0
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 14.75
<EXPENSE-RATIO> .86
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000217087
<NAME> SBL FUND
<SERIES>
<NUMBER> 7
<NAME> SERIES J
<MULTIPLIER> 1000
<CURRENCY> U.S. DOLLARS
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> DEC-31-1995
<PERIOD-START> JAN-01-1995
<PERIOD-END> JUN-30-1995
<EXCHANGE-RATE> 1
<INVESTMENTS-AT-COST> 64036
<INVESTMENTS-AT-VALUE> 78017
<RECEIVABLES> 5573
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 4
<TOTAL-ASSETS> 83594
<PAYABLE-FOR-SECURITIES> 1375
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 593
<TOTAL-LIABILITIES> 1968
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 71695
<SHARES-COMMON-STOCK> 5551
<SHARES-COMMON-PRIOR> 5725
<ACCUMULATED-NII-CURRENT> 159
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (4209)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 13981
<NET-ASSETS> 81626
<DIVIDEND-INCOME> 220
<INTEREST-INCOME> 283
<OTHER-INCOME> 0
<EXPENSES-NET> 343
<NET-INVESTMENT-INCOME> 160
<REALIZED-GAINS-CURRENT> 1526
<APPREC-INCREASE-CURRENT> 5789
<NET-CHANGE-FROM-OPS> 7475
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 1406
<NUMBER-OF-SHARES-REDEEMED> 1580
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> 4686
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 309
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 343
<AVERAGE-NET-ASSETS> 82584
<PER-SHARE-NAV-BEGIN> 13.44
<PER-SHARE-NII> .03
<PER-SHARE-GAIN-APPREC> 1.23
<PER-SHARE-DIVIDEND> 0
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 14.7
<EXPENSE-RATIO> .83
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000217087
<NAME> SBL FUND
<SERIES>
<NUMBER> 8
<NAME> SERIES K
<MULTIPLIER> 1000
<CURRENCY> U.S. DOLLARS
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> DEC-31-1995
<PERIOD-START> JAN-01-1995
<PERIOD-END> JUN-30-1995
<EXCHANGE-RATE> 1
<INVESTMENTS-AT-COST> 3719
<INVESTMENTS-AT-VALUE> 3678
<RECEIVABLES> 69
<ASSETS-OTHER> 62
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 3809
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 7
<TOTAL-LIABILITIES> 7
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 3817
<SHARES-COMMON-STOCK> 382
<SHARES-COMMON-PRIOR> 0
<ACCUMULATED-NII-CURRENT> 29
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (4)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> (40)
<NET-ASSETS> 3802
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 35
<OTHER-INCOME> 0
<EXPENSES-NET> 6
<NET-INVESTMENT-INCOME> 29
<REALIZED-GAINS-CURRENT> (4)
<APPREC-INCREASE-CURRENT> (40)
<NET-CHANGE-FROM-OPS> (15)
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 582
<NUMBER-OF-SHARES-REDEEMED> 200
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> 3802
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 2
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 6
<AVERAGE-NET-ASSETS> 3732
<PER-SHARE-NAV-BEGIN> 10.00
<PER-SHARE-NII> .08
<PER-SHARE-GAIN-APPREC> (.12)
<PER-SHARE-DIVIDEND> 0
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 9.96
<EXPENSE-RATIO> 2.0
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000217087
<NAME> SBL FUND M
<SERIES>
<NUMBER> 9
<NAME> SERIES M
<MULTIPLIER> 1000
<CURRENCY> U.S. DOLLARS
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> DEC-31-1995
<PERIOD-START> JAN-01-1995
<PERIOD-END> JUN-30-1995
<EXCHANGE-RATE> 1
<INVESTMENTS-AT-COST> 3132
<INVESTMENTS-AT-VALUE> 3155
<RECEIVABLES> 9
<ASSETS-OTHER> 374
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 3538
<PAYABLE-FOR-SECURITIES> 218
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 11
<TOTAL-LIABILITIES> 229
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 3285
<SHARES-COMMON-STOCK> 328
<SHARES-COMMON-PRIOR> 0
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 0
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 23
<NET-ASSETS> 3309
<DIVIDEND-INCOME> 2
<INTEREST-INCOME> 3
<OTHER-INCOME> 0
<EXPENSES-NET> 4
<NET-INVESTMENT-INCOME> 1
<REALIZED-GAINS-CURRENT> 0
<APPREC-INCREASE-CURRENT> 22
<NET-CHANGE-FROM-OPS> 23
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 329
<NUMBER-OF-SHARES-REDEEMED> 1
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> 3309
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 2
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 4
<AVERAGE-NET-ASSETS> 2816
<PER-SHARE-NAV-BEGIN> 10.00
<PER-SHARE-NII> .002
<PER-SHARE-GAIN-APPREC> .078
<PER-SHARE-DIVIDEND> 0
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 10.08
<EXPENSE-RATIO> 2.0
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000217087
<NAME> SBL FUND
<SERIES>
<NUMBER> 10
<NAME> SERIES N
<MULTIPLIER> 1000
<CURRENCY> U.S. DOLLARS
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> DEC-31-1995
<PERIOD-START> JAN-01-1995
<PERIOD-END> JUN-30-1995
<EXCHANGE-RATE> 1
<INVESTMENTS-AT-COST> 5404
<INVESTMENTS-AT-VALUE> 4528
<RECEIVABLES> 83
<ASSETS-OTHER> 2
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 5513
<PAYABLE-FOR-SECURITIES> 276
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 10
<TOTAL-LIABILITIES> 286
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 5192
<SHARES-COMMON-STOCK> 519
<SHARES-COMMON-PRIOR> 0
<ACCUMULATED-NII-CURRENT> 14
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (3)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 24
<NET-ASSETS> 5227
<DIVIDEND-INCOME> 4
<INTEREST-INCOME> 18
<OTHER-INCOME> 0
<EXPENSES-NET> 8
<NET-INVESTMENT-INCOME> 14
<REALIZED-GAINS-CURRENT> (3)
<APPREC-INCREASE-CURRENT> 24
<NET-CHANGE-FROM-OPS> 35
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 519
<NUMBER-OF-SHARES-REDEEMED> 0
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> 5227
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 4
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 8
<AVERAGE-NET-ASSETS> 5092
<PER-SHARE-NAV-BEGIN> 10.00
<PER-SHARE-NII> .025
<PER-SHARE-GAIN-APPREC> .045
<PER-SHARE-DIVIDEND> 0
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 10.07
<EXPENSE-RATIO> 2.0
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000217087
<NAME> SBL FUND
<SERIES>
<NUMBER> 11
<NAME> SBL FUND
<MULTIPLIER> 1000
<CURRENCY> U.S. DOLLARS
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> DEC-31-1995
<PERIOD-START> JAN-01-1995
<PERIOD-END> JUN-30-1995
<EXCHANGE-RATE> 1
<INVESTMENTS-AT-COST> 2786
<INVESTMENTS-AT-VALUE> 2793
<RECEIVABLES> 4
<ASSETS-OTHER> 1
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 2798
<PAYABLE-FOR-SECURITIES> 88
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 3
<TOTAL-LIABILITIES> 91
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 2695
<SHARES-COMMON-STOCK> 269
<SHARES-COMMON-PRIOR> 0
<ACCUMULATED-NII-CURRENT> 5
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 0
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 7
<NET-ASSETS> 2707
<DIVIDEND-INCOME> 4
<INTEREST-INCOME> 4
<OTHER-INCOME> 0
<EXPENSES-NET> 3
<NET-INVESTMENT-INCOME> 5
<REALIZED-GAINS-CURRENT> 0
<APPREC-INCREASE-CURRENT> 7
<NET-CHANGE-FROM-OPS> 12
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 270
<NUMBER-OF-SHARES-REDEEMED> 1
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> 2707
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 2
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 3
<AVERAGE-NET-ASSETS> 2304
<PER-SHARE-NAV-BEGIN> 10.00
<PER-SHARE-NII> .019
<PER-SHARE-GAIN-APPREC> .041
<PER-SHARE-DIVIDEND> 0
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 10.06
<EXPENSE-RATIO> 1.70
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>