SBL FUND
NSAR-A, 1997-08-28
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<PAGE>      PAGE  1
000 A000000 06/30/97
000 C000000 0000217087
000 D000000 N
000 E000000 NF
000 F000000 Y
000 G000000 N
000 H000000 N
000 I000000 3.0
000 J000000 A
001 A000000 SBL FUND
001 B000000 811-2753
001 C000000 7854313127
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 13
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007 C020100 A
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007 C020200 B
007 C030200 N
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007 C020300 C
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007 C020400 D
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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
007 C011200 12
007 C021200 P
007 C031200 N
007 C011300 13
007 C021300 V
007 C031300 N
007 C011400 14
007 C011500 15
007 C011600 16
007 C011700 17
007 C011800 18
007 C011900 19
007 C012000 20
010 A00AA01 SECURITY MANAGEMENT COMPANY, LLC
010 B00AA01 84-01497
010 C01AA01 TOPEKA
010 C02AA01 KS
010 C03AA01 66636
010 C04AA01 0001
011 A00AA01 SECURITY DISTRIBUTORS, INC.
011 B00AA01 8-10781
011 C01AA01 TOPEKA
011 C02AA01 KS
011 C03AA01 66636
011 C04AA01 0001
012 A00AA01 SECURITY MANAGEMENT COMPANY, LLC
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 2143
018  00AA00 Y
019 A00AA00 Y
019 B00AA00   29
019 C00AA00 SECURITYFU
020 A000001 MORGAN STANLEY & COMPANY, INC.
020 B000001 13-2655998
020 C000001    137
020 A000002 ALLIED RESEARCH
020 B000002 75-1872581
020 C000002     97
<PAGE>      PAGE  3
020 A000003 DEUTSCHE MORGAN GRENFELL
020 B000003 13-2730828
020 C000003     94
020 A000004 BRIDGE TRADING
020 B000004 43-1450530
020 C000004     93
020 A000005 THAMESWAY
020 B000005 06-1286762
020 C000005     87
020 A000006 MERRILL LYNCH
020 B000006 13-5674085
020 C000006     86
020 A000007 PAINE WEBBER, INC.
020 B000007 13-2638166
020 C000007     77
020 A000008 PRUDENTIAL BACH SECURITIES, INC.
020 B000008 22-2347336
020 C000008     67
020 A000009 NOMURA SECURITIES INTERNATIONAL, INC.
020 B000009 13-2642206
020 C000009     65
020 A000010 S.G. WARBUG & COMPANY, INC.
020 B000010 13-3340045
020 C000010     65
021  000000     2548
022 A000001 MERRILL LYNCH
022 B000001 13-5674085
022 C000001    548743
022 D000001     46997
022 A000002 FIRST BOSTON CORPORATION (THE)
022 B000002 13-5659485
022 C000002    213100
022 D000002      1033
022 A000003 SALOMON BROTHERS, INC.
022 B000003 13-3082694
022 C000003    111753
022 D000003     34771
022 A000004 GOLDMAN SACHS & COMPANY
022 B000004 13-5108880
022 C000004     75198
022 D000004     15525
022 A000005 SBL FUND C
022 B000005 48-1054154
022 C000005     53714
022 D000005         0
022 A000006 DAIN BOSWORTH, INC.
022 B000006 41-0212020
022 C000006     44405
022 D000006      5728
022 A000007 SECURITY CASH FUND
022 B000007 48-0911935
<PAGE>      PAGE  4
022 C000007     43837
022 D000007      1993
022 A000008 SBL FUND B
022 B000008 48-1054156
022 C000008      5204
022 D000008     34937
022 A000009 SMITH BARNEY, INC.
022 B000009 13-1912900
022 C000009     25068
022 D000009     14240
022 A000010 LEHMAN BROTHERS, INC.
022 B000010 13-2518466
022 C000010     24487
022 D000010     10832
023 C000000    1345866
023 D000000     331306
024  00AA00 N
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026 G020000 N
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<PAGE>      PAGE  5
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054 F00AA00 N
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080 A00AA00 NATIONAL UNION FIRE INSURANCE COMPANY
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008 A000101 SECURITY MANAGEMENT COMPANY, LLC
<PAGE>      PAGE  6
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008 D020101 KS
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008 D040101 0001
015 A000101 UMB BANK, N.A.
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015 C020101 MO
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<PAGE>      PAGE  7
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<PAGE>      PAGE  8
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<PAGE>      PAGE  9
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<PAGE>      PAGE  10
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008 A000201 SECURITY MANAGEMENT COMPANY, LLC
008 B000201 A
008 C000201 801-8008
008 D010201 TOPEKA
008 D020201 KS
008 D030201 66636
008 D040201 0001
015 A000201 UMB BANK, N.A.
015 B000201 C
015 C010201 KANSAS CITY
015 C020201 MO
015 C030201 64106
015 E010201 X
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<PAGE>      PAGE  11
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<PAGE>      PAGE  12
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<PAGE>      PAGE  13
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<PAGE>      PAGE  14
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008 D040301 0001
015 A000301 UMB BANK, N.A.
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<PAGE>      PAGE  15
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<PAGE>      PAGE  16
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<PAGE>      PAGE  17
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<PAGE>      PAGE  18
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008 A000401 SECURITY MANAGEMENT COMPANY, LLC
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<PAGE>      PAGE  19
008 D030401 66636
008 D040401 0001
008 A000402 LEXINGTON MANAGEMENT CORPORATION
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008 C000402 801-8281
008 D010402 SADDLE BROOK
008 D020402 NJ
008 D030402 07662
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<PAGE>      PAGE  21
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<PAGE>      PAGE  26
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008 B000601 A
008 C000601 801-8008
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008 D030601 66636
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015 A000601 UMB BANK, N.A.
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008 A000701 SECURITY MANAGEMENT COMPANY, LLC
008 B000701 A
008 C000701 801-8008
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008 D020701 KS
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015 A000701 UMB BANK, N.A.
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<PAGE>      PAGE  32
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008 A000801 SECURITY MANAGEMENT COMPANY, LLC
008 B000801 A
008 C000801 801-8008
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008 D030801 66636
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008 A000802 LEXINGTON MANAGEMENT CORPORATION
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015 A000801 CHASE MANHATTAN BANK, N.A.
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<PAGE>      PAGE  38
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<PAGE>      PAGE  39
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<PAGE>      PAGE  40
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<PAGE>      PAGE  41
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<PAGE>      PAGE  42
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<PAGE>      PAGE  43
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<PAGE>      PAGE  44
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008 B001001 A
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<PAGE>      PAGE  45
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008 D021001 KS
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<PAGE>      PAGE  46
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<PAGE>      PAGE  47
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<PAGE>      PAGE  48
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<PAGE>      PAGE  49
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008 B001101 A
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008 D011101 TOPEKA
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008 D031101 66636
008 D041101 0001
008 A001102 T. ROWE PRICE ASSOCIATES, INC.
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008 D011102 BALTIMORE
008 D021102 MD
008 D031102 21202
015 A001101 CHASE MANHATTAN BANK, N.A.
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<PAGE>      PAGE  50
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<PAGE>      PAGE  51
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<PAGE>      PAGE  52
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<PAGE>      PAGE  53
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008 A001201 SECURITY MANAGEMENT COMPANY, LLC
008 B001201 A
008 C001201 801-8008
008 D011201 TOPEKA
008 D021201 KS
008 D031201 66636
008 D041201 0001
015 A001201 UMB BANK, N.A.
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015 C021201 MO
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<PAGE>      PAGE  54
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<PAGE>      PAGE  55
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<PAGE>      PAGE  56
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SIGNATURE   JAMES R. SCHMANK                             
TITLE       V.P. AND TREASURER  
 


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