<PAGE> PAGE 1
000 B000000 12/31/97
000 C000000 0000217087
000 D000000 N
000 E000000 NF
000 F000000 Y
000 G000000 N
000 H000000 N
000 I000000 3.0.a
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 14
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
007 C011200 12
007 C021200 P
007 C031200 N
007 C011300 13
007 C021300 V
007 C031300 N
007 C011400 14
007 C021400 X
007 C031400 N
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 31
019 C00AA00 SECURITYFU
020 A000001 MORGAN STANLEY & COMPANY, INC.
020 B000001 13-2655998
020 C000001 199
020 A000002 ALLIED RESEARCH
<PAGE> PAGE 3
020 B000002 75-1872581
020 C000002 207
020 A000003 DEUTSCHE MORGAN GRENFELL
020 B000003 13-2730828
020 C000003 201
020 A000004 BRIDGE TRADING
020 B000004 43-1450530
020 C000004 176
020 A000005 SALOMON BROTHERS, INC.
020 B000005 13-3082694
020 C000005 206
020 A000006 MERRILL LYNCH
020 B000006 13-5674085
020 C000006 192
020 A000007 PAINE WEBBER, INC.
020 B000007 13-2638166
020 C000007 206
020 A000008 PRUDENTIAL BACH SECURITIES, INC.
020 B000008 22-2347336
020 C000008 123
020 A000009 FIRST NEW YORK SECURITIES COMPANY
020 B000009 13-3270745
020 C000009 127
020 A000010 DONALDSON LUFKIN & JENRETTE SECURITIES CORP
020 B000010 13-2741729
020 C000010 110
021 000000 5231
022 A000001 MERRILL LYNCH
022 B000001 13-5674085
022 C000001 954152
022 D000001 84376
022 A000002 FIRST BOSTON CORPORATION (THE)
022 B000002 13-5659485
022 C000002 455729
022 D000002 2117
022 A000003 SALOMON BROTHERS, INC.
022 B000003 13-3082694
022 C000003 25949
022 D000003 41383
022 A000004 GOLDMAN SACHS & COMPANY
022 B000004 13-5108880
022 C000004 393774
022 D000004 27698
022 A000005 SBL FUND C
022 B000005 48-1054154
022 C000005 107615
022 D000005 0
022 A000006 CHASE SECURITIES, INC.
022 B000006 13-3112953
022 C000006 191209
022 D000006 8007
<PAGE> PAGE 4
022 A000007 SECURITY CASH FUND
022 B000007 48-0911935
022 C000007 70169
022 D000007 2292
022 A000008 SBL FUND B
022 B000008 48-1054156
022 C000008 16254
022 D000008 68787
022 A000009 SMITH BARNEY, INC.
022 B000009 13-1912900
022 C000009 35663
022 D000009 26852
022 A000010 LEHMAN BROTHERS, INC.
022 B000010 13-2518466
022 C000010 105699
022 D000010 22226
023 C000000 2719823
023 D000000 588527
024 00AA00 N
025 D00AA01 0
025 D00AA02 0
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
<PAGE> PAGE 5
040 00AA00 N
054 A00AA00 Y
054 B00AA00 Y
054 C00AA00 Y
054 D00AA00 N
054 E00AA00 N
054 F00AA00 N
054 G00AA00 Y
054 H00AA00 Y
054 I00AA00 N
054 J00AA00 Y
054 K00AA00 N
054 L00AA00 Y
054 M00AA00 Y
054 N00AA00 N
054 O00AA00 Y
058 A00AA00 N
059 00AA00 Y
060 A00AA00 Y
060 B00AA00 Y
061 00AA00 0
077 A000000 Y
077 B000000 Y
077 D000000 Y
077 Q010000 Y
077 Q020000 N
077 Q030000 N
078 000000 N
080 A00AA00 NATIONAL UNION FIRE INSURANCE COMPANY
080 C00AA00 6325
081 A00AA00 Y
081 B00AA00 31
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
086 C010000 0
086 C020000 0
086 D010000 0
086 D020000 0
086 E010000 0
086 E020000 0
086 F010000 0
<PAGE> PAGE 6
086 F020000 0
008 A000101 SECURITY MANAGEMENT COMPANY, LLC
008 B000101 A
008 C000101 801-8008
008 D010101 TOPEKA
008 D020101 KS
008 D030101 66636
008 D040101 0001
015 A000101 UMB BANK, N.A.
015 B000101 C
015 C010101 KANSAS CITY
015 C020101 MO
015 C030101 64106
015 E010101 X
028 A010100 59906
028 A020100 0
028 A030100 0
028 A040100 24277
028 B010100 19118
028 B020100 0
028 B030100 0
028 B040100 22358
028 C010100 25506
028 C020100 57114
028 C030100 0
028 C040100 14211
028 D010100 39699
028 D020100 0
028 D030100 0
028 D040100 26886
028 E010100 20850
028 E020100 0
028 E030100 0
028 E040100 15118
028 F010100 31670
028 F020100 0
028 F030100 0
028 F040100 21184
028 G010100 196749
028 G020100 57114
028 G030100 0
028 G040100 124034
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
<PAGE> PAGE 7
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
055 A000100 N
055 B000100 N
056 000100 Y
057 000100 N
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
<PAGE> PAGE 8
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
070 B010100 Y
070 B020100 N
070 C010100 Y
070 C020100 N
070 D010100 Y
070 D020100 N
070 E010100 Y
070 E020100 N
070 F010100 Y
070 F020100 N
070 G010100 Y
070 G020100 N
070 H010100 Y
070 H020100 N
070 I010100 N
070 I020100 N
070 J010100 N
070 J020100 N
070 K010100 N
070 K020100 N
070 L010100 Y
070 L020100 Y
070 M010100 Y
070 M020100 N
070 N010100 N
070 N020100 N
070 O010100 Y
070 O020100 N
070 P010100 Y
070 P020100 Y
070 Q010100 N
070 Q020100 N
<PAGE> PAGE 9
070 R010100 N
070 R020100 N
071 A000100 543405
071 B000100 490877
071 C000100 799653
071 D000100 61
072 A000100 12
072 B000100 2471
072 C000100 10100
072 D000100 0
072 E000100 0
072 F000100 6408
072 G000100 385
072 H000100 0
072 I000100 4
072 J000100 26
072 K000100 27
072 L000100 23
072 M000100 19
072 N000100 1
072 O000100 0
072 P000100 0
072 Q000100 0
072 R000100 24
072 S000100 0
072 T000100 0
072 U000100 0
072 V000100 0
072 W000100 42
072 X000100 6958
072 Y000100 0
072 Z000100 5613
072AA000100 74246
072BB000100 0
072CC010100 126639
072CC020100 0
072DD010100 5519
072DD020100 0
072EE000100 51595
073 A010100 0.1800
073 A020100 0.0000
073 B000100 1.6500
073 C000100 0.0000
074 A000100 92923
074 B000100 0
074 C000100 8168
074 D000100 0
074 E000100 0
074 F000100 912081
074 G000100 0
074 H000100 0
<PAGE> PAGE 10
074 I000100 0
074 J000100 240
074 K000100 791
074 L000100 1376
074 M000100 0
074 N000100 1015579
074 O000100 12565
074 P000100 2316
074 Q000100 0
074 R010100 0
074 R020100 0
074 R030100 0
074 R040100 769
074 S000100 0
074 T000100 999929
074 U010100 34021
074 U020100 0
074 V010100 29.39
074 V020100 0.00
074 W000100 0.0000
074 X000100 26
074 Y000100 0
075 A000100 0
075 B000100 859896
076 000100 0.00
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
028 A010200 22733
028 A020200 0
028 A030200 0
028 A040200 17635
028 B010200 15082
028 B020200 0
028 B030200 0
028 B040200 19184
028 C010200 14266
028 C020200 80331
028 C030200 0
028 C040200 19586
028 D010200 19199
<PAGE> PAGE 11
028 D020200 0
028 D030200 0
028 D040200 19149
028 E010200 16746
028 E020200 0
028 E030200 0
028 E040200 13326
028 F010200 17935
028 F020200 0
028 F030200 0
028 F040200 18833
028 G010200 105961
028 G020200 80331
028 G030200 0
028 G040200 107713
028 H000200 0
042 A000200 0
042 B000200 0
042 C000200 0
042 D000200 0
042 E000200 0
042 F000200 0
042 G000200 0
042 H000200 0
043 000200 0
044 000200 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
<PAGE> PAGE 12
048 K020200 0.000
049 000200 N
050 000200 N
051 000200 N
052 000200 N
053 A000200 N
055 A000200 N
055 B000200 N
056 000200 Y
057 000200 N
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 Y
070 B020200 N
070 C010200 Y
070 C020200 N
070 D010200 Y
070 D020200 N
070 E010200 Y
070 E020200 N
<PAGE> PAGE 13
070 F010200 Y
070 F020200 N
070 G010200 Y
070 G020200 N
070 H010200 Y
070 H020200 N
070 I010200 N
070 I020200 N
070 J010200 Y
070 J020200 Y
070 K010200 N
070 K020200 N
070 L010200 Y
070 L020200 Y
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 711537
071 B000200 633346
071 C000200 1015249
071 D000200 62
072 A000200 12
072 B000200 16087
072 C000200 13392
072 D000200 0
072 E000200 0
072 F000200 8120
072 G000200 487
072 H000200 0
072 I000200 4
072 J000200 36
072 K000200 25
072 L000200 150
072 M000200 66
072 N000200 1
072 O000200 0
072 P000200 0
072 Q000200 0
072 R000200 48
072 S000200 0
072 T000200 0
072 U000200 0
<PAGE> PAGE 14
072 V000200 0
072 W000200 46
072 X000200 8982
072 Y000200 0
072 Z000200 20497
072AA000200 129262
072BB000200 0
072CC010200 101906
072CC020200 0
072DD010200 23074
072DD020200 0
072EE000200 57257
073 A010200 0.8600
073 A020200 0.0000
073 B000200 2.1300
073 C000200 0.0000
074 A000200 70199
074 B000200 0
074 C000200 0
074 D000200 71446
074 E000200 12323
074 F000200 1099990
074 G000200 0
074 H000200 0
074 I000200 0
074 J000200 16074
074 K000200 774
074 L000200 3156
074 M000200 0
074 N000200 1273962
074 O000200 71933
074 P000200 2648
074 Q000200 0
074 R010200 0
074 R020200 0
074 R030200 0
074 R040200 1079
074 S000200 0
074 T000200 1198302
074 U010200 28805
074 U020200 0
074 V010200 41.60
074 V020200 0.00
074 W000200 0.0000
074 X000200 26
074 Y000200 0
075 A000200 0
075 B000200 1082632
076 000200 0.00
008 A000301 SECURITY MANAGEMENT COMPANY, LLC
008 B000301 A
<PAGE> PAGE 15
008 C000301 801-8008
008 D010301 TOPEKA
008 D020301 KS
008 D030301 66636
008 D040301 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 34872
028 A020300 0
028 A030300 0
028 A040300 62040
028 B010300 30222
028 B020300 0
028 B030300 0
028 B040300 15134
028 C010300 24736
028 C020300 6976
028 C030300 0
028 C040300 25811
028 D010300 36360
028 D020300 0
028 D030300 0
028 D040300 44395
028 E010300 12256
028 E020300 0
028 E030300 0
028 E040300 26771
028 F010300 23141
028 F020300 0
028 F030300 0
028 F040300 28657
028 G010300 161587
028 G020300 6976
028 G030300 0
028 G040300 202808
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
048 C010300 0
048 C020300 0.000
048 D010300 0
<PAGE> PAGE 16
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
055 A000300 N
055 B000300 N
056 000300 Y
057 000300 N
062 A000300 Y
062 B000300 0.0
062 C000300 28.9
062 D000300 0.0
062 E000300 0.0
062 F000300 0.0
062 G000300 0.0
062 H000300 0.0
062 I000300 71.1
062 J000300 0.0
062 K000300 0.0
062 L000300 0.0
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 41
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
<PAGE> PAGE 17
070 A020300 N
070 B010300 Y
070 B020300 N
070 C010300 Y
070 C020300 N
070 D010300 Y
070 D020300 N
070 E010300 Y
070 E020300 N
070 F010300 Y
070 F020300 N
070 G010300 Y
070 G020300 N
070 H010300 Y
070 H020300 N
070 I010300 N
070 I020300 N
070 J010300 Y
070 J020300 Y
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
070 O020300 N
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 12
072 B000300 7066
072 C000300 0
072 D000300 0
072 E000300 0
072 F000300 629
072 G000300 57
072 H000300 0
072 I000300 4
072 J000300 12
072 K000300 4
072 L000300 2
<PAGE> PAGE 18
072 M000300 4
072 N000300 0
072 O000300 0
072 P000300 0
072 Q000300 0
072 R000300 8
072 S000300 0
072 T000300 0
072 U000300 0
072 V000300 0
072 W000300 9
072 X000300 729
072 Y000300 0
072 Z000300 6337
072AA000300 0
072BB000300 0
072CC010300 50
072CC020300 0
072DD010300 6976
072DD020300 0
072EE000300 0
073 A010300 0.6700
073 A020300 0.0000
073 B000300 0.0000
073 C000300 0.0000
074 A000300 523
074 B000300 0
074 C000300 98015
074 D000300 0
074 E000300 0
074 F000300 0
074 G000300 0
074 H000300 0
074 I000300 0
074 J000300 161
074 K000300 795
074 L000300 551
074 M000300 0
074 N000300 100045
074 O000300 0
074 P000300 1965
074 Q000300 0
074 R010300 0
074 R020300 0
074 R030300 0
074 R040300 65
074 S000300 0
074 T000300 98015
074 U010300 7822
074 U020300 0
074 V010300 12.53
<PAGE> PAGE 19
074 V020300 0.00
074 W000300 0.0000
074 X000300 35
074 Y000300 0
075 A000300 0
075 B000300 125835
076 000300 0.00
008 A000401 SECURITY MANAGEMENT COMPANY, LLC
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
015 A000401 CHASE MANHATTAN BANK, N.A.
015 B000401 C
015 C010401 BROOKLYN
015 C020401 NY
015 C030401 11245
015 E010401 X
028 A010400 8108
028 A020400 0
028 A030400 0
028 A040400 9523
028 B010400 6905
028 B020400 0
028 B030400 0
028 B040400 8677
028 C010400 10155
028 C020400 18317
028 C030400 0
028 C040400 4888
028 D010400 36360
028 D020400 0
028 D030400 0
028 D040400 44395
028 E010400 9931
028 E020400 0
028 E030400 0
028 E040400 5356
028 F010400 6529
028 F020400 0
028 F030400 0
028 F040400 12334
028 G010400 77988
<PAGE> PAGE 20
028 G020400 18317
028 G030400 0
028 G040400 85173
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
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
055 A000400 N
055 B000400 N
056 000400 Y
057 000400 N
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
<PAGE> PAGE 21
062 M000400 0.0
062 N000400 0.0
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 Y
070 B020400 N
070 C010400 Y
070 C020400 N
070 D010400 Y
070 D020400 N
070 E010400 Y
070 E020400 N
070 F010400 Y
070 F020400 N
070 G010400 Y
070 G020400 N
070 H010400 Y
070 H020400 N
070 I010400 N
070 I020400 N
070 J010400 Y
070 J020400 Y
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
<PAGE> PAGE 22
070 Q010400 N
070 Q020400 N
070 R010400 N
070 R020400 N
071 A000400 339151
071 B000400 343206
071 C000400 262656
071 D000400 131
072 A000400 12
072 B000400 944
072 C000400 5279
072 D000400 0
072 E000400 -531
072 F000400 2835
072 G000400 418
072 H000400 0
072 I000400 4
072 J000400 214
072 K000400 6
072 L000400 29
072 M000400 4
072 N000400 0
072 O000400 0
072 P000400 0
072 Q000400 0
072 R000400 36
072 S000400 0
072 T000400 0
072 U000400 0
072 V000400 0
072 W000400 19
072 X000400 3565
072 Y000400 0
072 Z000400 2127
072AA000400 22461
072BB000400 0
072CC010400 0
072CC020400 8322
072DD010400 5800
072DD020400 0
072EE000400 12517
073 A010400 0.1300
073 A020400 0.0000
073 B000400 0.2900
073 C000400 0.0000
074 A000400 31137
074 B000400 0
074 C000400 0
074 D000400 0
074 E000400 0
074 F000400 251518
<PAGE> PAGE 23
074 G000400 0
074 H000400 0
074 I000400 0
074 J000400 3081
074 K000400 280
074 L000400 1403
074 M000400 0
074 N000400 287419
074 O000400 880
074 P000400 362
074 Q000400 0
074 R010400 0
074 R020400 0
074 R030400 0
074 R040400 395
074 S000400 0
074 T000400 285782
074 U010400 46544
074 U020400 0
074 V010400 6.14
074 V020400 0.00
074 W000400 0.0000
074 X000400 23
074 Y000400 0
075 A000400 0
075 B000400 286593
076 000400 0.00
008 A000501 SECURITY MANAGEMENT COMPANY, LLC
008 B000501 A
008 C000501 801-8008
008 D010501 TOPEKA
008 D020501 KS
008 D030501 66636
008 D040501 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 6886
028 A020500 0
028 A030500 0
028 A040500 4366
028 B010500 2706
028 B020500 0
028 B030500 0
028 B040500 6179
028 C010500 3982
028 C020500 8745
028 C030500 0
<PAGE> PAGE 24
028 C040500 4758
028 D010500 5011
028 D020500 0
028 D030500 0
028 D040500 4962
028 E010500 11526
028 E020500 0
028 E030500 0
028 E040500 2746
028 F010500 11673
028 F020500 0
028 F030500 0
028 F040500 6031
028 G010500 41784
028 G020500 8745
028 G030500 0
028 G040500 29042
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
052 000500 N
053 A000500 N
055 A000500 N
055 B000500 N
<PAGE> PAGE 25
056 000500 Y
057 000500 N
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 1.0
062 M000500 0.0
062 N000500 27.8
062 O000500 0.0
062 P000500 71.2
062 Q000500 0.0
062 R000500 0.0
063 A000500 0
063 B000500 9.8
064 A000500 N
066 A000500 N
067 000500 N
068 A000500 N
068 B000500 N
069 000500 N
070 A010500 Y
070 A020500 N
070 B010500 Y
070 B020500 N
070 C010500 Y
070 C020500 N
070 D010500 Y
070 D020500 N
070 E010500 Y
070 E020500 N
070 F010500 Y
070 F020500 N
070 G010500 Y
070 G020500 N
070 H010500 Y
070 H020500 N
070 I010500 N
070 I020500 N
070 J010500 Y
070 J020500 Y
070 K010500 N
070 K020500 N
070 L010500 Y
<PAGE> PAGE 26
070 L020500 Y
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 142953
071 B000500 133493
071 C000500 122203
071 D000500 109
072 A000500 12
072 B000500 9448
072 C000500 0
072 D000500 0
072 E000500 0
072 F000500 945
072 G000500 57
072 H000500 0
072 I000500 3
072 J000500 11
072 K000500 4
072 L000500 6
072 M000500 2
072 N000500 0
072 O000500 0
072 P000500 0
072 Q000500 0
072 R000500 11
072 S000500 0
072 T000500 0
072 U000500 0
072 V000500 0
072 W000500 6
072 X000500 1045
072 Y000500 0
072 Z000500 8403
072AA000500 0
072BB000500 1539
072CC010500 4991
072CC020500 0
072DD010500 8745
072DD020500 0
072EE000500 0
073 A010500 0.9200
<PAGE> PAGE 27
073 A020500 0.0000
073 B000500 0.0000
073 C000500 0.0000
074 A000500 0
074 B000500 0
074 C000500 0
074 D000500 139515
074 E000500 0
074 F000500 0
074 G000500 0
074 H000500 0
074 I000500 0
074 J000500 0
074 K000500 118
074 L000500 2272
074 M000500 0
074 N000500 141905
074 O000500 0
074 P000500 395
074 Q000500 0
074 R010500 0
074 R020500 0
074 R030500 0
074 R040500 601
074 S000500 0
074 T000500 140909
074 U010500 11507
074 U020500 0
074 V010500 12.25
074 V020500 0.00
074 W000500 0.0000
074 X000500 25
074 Y000500 0
075 A000500 0
075 B000500 126029
076 000500 0.00
008 A000601 SECURITY MANAGEMENT COMPANY, LLC
008 B000601 A
008 C000601 801-8008
008 D010601 TOPEKA
008 D020601 KS
008 D030601 66636
008 D040601 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 2507
028 A020600 0
<PAGE> PAGE 28
028 A030600 0
028 A040600 1489
028 B010600 2436
028 B020600 0
028 B030600 0
028 B040600 1294
028 C010600 2093
028 C020600 3958
028 C030600 0
028 C040600 1014
028 D010600 2802
028 D020600 0
028 D030600 0
028 D040600 1319
028 E010600 2128
028 E020600 0
028 E030600 0
028 E040600 1012
028 F010600 2604
028 F020600 0
028 F030600 0
028 F040600 1165
028 G010600 14570
028 G020600 3958
028 G030600 0
028 G040600 7293
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
<PAGE> PAGE 29
048 K010600 0
048 K020600 0.000
049 000600 N
050 000600 N
051 000600 N
052 000600 N
053 A000600 N
055 A000600 N
055 B000600 N
056 000600 Y
057 000600 N
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 Y
066 D000600 N
066 E000600 N
066 F000600 N
066 G000600 N
067 000600 N
068 A000600 N
068 B000600 N
069 000600 N
070 A010600 Y
070 A020600 N
070 B010600 Y
070 B020600 N
070 C010600 Y
070 C020600 N
070 D010600 Y
070 D020600 N
070 E010600 Y
<PAGE> PAGE 30
070 E020600 N
070 F010600 Y
070 F020600 N
070 G010600 Y
070 G020600 N
070 H010600 Y
070 H020600 N
070 I010600 N
070 I020600 N
070 J010600 N
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 Y
070 Q020600 N
070 R010600 N
070 R020600 N
071 A000600 52416
071 B000600 33231
071 C000600 67696
071 D000600 49
072 A000600 12
072 B000600 298
072 C000600 569
072 D000600 0
072 E000600 0
072 F000600 553
072 G000600 33
072 H000600 0
072 I000600 3
072 J000600 4
072 K000600 1
072 L000600 4
072 M000600 1
072 N000600 0
072 O000600 0
072 P000600 0
072 Q000600 0
072 R000600 10
072 S000600 0
072 T000600 0
<PAGE> PAGE 31
072 U000600 0
072 V000600 0
072 W000600 4
072 X000600 612
072 Y000600 0
072 Z000600 255
072AA000600 2451
072BB000600 0
072CC010600 12332
072CC020600 0
072DD010600 141
072DD020600 0
072EE000600 3818
073 A010600 0.0400
073 A020600 0.0000
073 B000600 1.0600
073 C000600 0.0000
074 A000600 4427
074 B000600 0
074 C000600 0
074 D000600 0
074 E000600 0
074 F000600 85940
074 G000600 0
074 H000600 0
074 I000600 0
074 J000600 0
074 K000600 120
074 L000600 113
074 M000600 0
074 N000600 90600
074 O000600 1123
074 P000600 76
074 Q000600 0
074 R010600 0
074 R020600 0
074 R030600 0
074 R040600 69
074 S000600 0
074 T000600 89332
074 U010600 4014
074 U020600 0
074 V010600 22.25
074 V020600 0.00
074 W000600 0.0000
074 X000600 16
074 Y000600 0
075 A000600 0
075 B000600 73697
076 000600 0.00
008 A000701 SECURITY MANAGEMENT COMPANY, LLC
<PAGE> PAGE 32
008 B000701 A
008 C000701 801-8008
008 D010701 TOPEKA
008 D020701 KS
008 D030701 66636
008 D040701 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 6365
028 A020700 0
028 A030700 0
028 A040700 17065
028 B010700 6086
028 B020700 0
028 B030700 0
028 B040700 4653
028 C010700 9297
028 C020700 5286
028 C030700 0
028 C040700 17382
028 D010700 21997
028 D020700 0
028 D030700 0
028 D040700 9763
028 E010700 5679
028 E020700 0
028 E030700 0
028 E040700 4354
028 F010700 7638
028 F020700 0
028 F030700 0
028 F040700 6207
028 G010700 57062
028 G020700 5286
028 G030700 0
028 G040700 59424
028 H000700 0
045 000700 Y
046 000700 N
047 000700 Y
048 000700 0.750
048 A010700 0
048 A020700 0.000
048 B010700 0
048 B020700 0.000
048 C010700 0
048 C020700 0.000
<PAGE> PAGE 33
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
055 A000700 N
055 B000700 N
056 000700 Y
057 000700 N
062 A000700 N
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
<PAGE> PAGE 34
066 G000700 N
067 000700 N
068 A000700 N
068 B000700 N
069 000700 N
070 A010700 Y
070 A020700 N
070 B010700 Y
070 B020700 N
070 C010700 Y
070 C020700 N
070 D010700 Y
070 D020700 N
070 E010700 Y
070 E020700 N
070 F010700 Y
070 F020700 N
070 G010700 Y
070 G020700 N
070 H010700 Y
070 H020700 Y
070 I010700 N
070 I020700 N
070 J010700 N
070 J020700 N
070 K010700 N
070 K020700 N
070 L010700 Y
070 L020700 N
070 M010700 Y
070 M020700 N
070 N010700 N
070 N020700 N
070 O010700 Y
070 O020700 N
070 P010700 Y
070 P020700 Y
070 Q010700 N
070 Q020700 N
070 R010700 N
070 R020700 N
071 A000700 217260
071 B000700 181827
071 C000700 170072
071 D000700 107
072 A000700 12
072 B000700 787
072 C000700 582
072 D000700 0
072 E000700 0
072 F000700 1451
<PAGE> PAGE 35
072 G000700 87
072 H000700 0
072 I000700 4
072 J000700 11
072 K000700 2
072 L000700 10
072 M000700 3
072 N000700 1
072 O000700 0
072 P000700 0
072 Q000700 0
072 R000700 10
072 S000700 0
072 T000700 0
072 U000700 0
072 V000700 0
072 W000700 8
072 X000700 1587
072 Y000700 0
072 Z000700 -218
072AA000700 25352
072BB000700 0
072CC010700 13544
072CC020700 0
072DD010700 549
072DD020700 0
072EE000700 4737
073 A010700 0.0000
073 A020700 0.0600
073 B000700 0.5000
073 C000700 0.0000
074 A000700 11669
074 B000700 0
074 C000700 0
074 D000700 0
074 E000700 0
074 F000700 210447
074 G000700 0
074 H000700 0
074 I000700 0
074 J000700 9823
074 K000700 281
074 L000700 158
074 M000700 0
074 N000700 232378
074 O000700 5825
074 P000700 82
074 Q000700 0
074 R010700 0
074 R020700 0
074 R030700 0
<PAGE> PAGE 36
074 R040700 173
074 S000700 0
074 T000700 226298
074 U010700 10608
074 U020700 0
074 V010700 21.33
074 V020700 0.00
074 W000700 0.0000
074 X000700 23
074 Y000700 0
075 A000700 0
075 B000700 193444
076 000700 0.00
008 A000801 SECURITY MANAGEMENT COMPANY, LLC
008 B000801 A
008 C000801 801-8008
008 D010801 TOPEKA
008 D020801 KS
008 D030801 66636
008 D040801 0001
008 A000802 LEXINGTON MANAGEMENT CORPORATION
008 B000802 S
008 C000802 801-8281
008 D010802 SADDLE BROOK
008 D020802 NJ
008 D030802 07662
008 A000803 MFR ADVISORS, INC.
008 B000803 S
008 C000803 801-38015
008 D010803 NEW YORK
008 D020803 NY
008 D030803 10281
015 A000801 CHASE MANHATTAN BANK, N.A.
015 B000801 C
015 C010801 BROOKLYN
015 C020801 NY
015 C030801 11245
015 E010801 X
028 A010800 1071
028 A020800 0
028 A030800 0
028 A040800 1322
028 B010800 710
028 B020800 0
028 B030800 0
028 B040800 1226
028 C010800 1294
028 C020800 31
028 C030800 0
028 C040800 1924
028 D010800 885
<PAGE> PAGE 37
028 D020800 0
028 D030800 0
028 D040800 1472
028 E010800 601
028 E020800 0
028 E030800 0
028 E040800 252
028 F010800 596
028 F020800 1517
028 F030800 0
028 F040800 677
028 G010800 5157
028 G020800 1548
028 G030800 0
028 G040800 6873
028 H000800 0
045 000800 Y
046 000800 N
047 000800 Y
048 000800 0.750
048 A010800 0
048 A020800 0.000
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
055 A000800 N
055 B000800 N
<PAGE> PAGE 38
056 000800 Y
057 000800 N
062 A000800 Y
062 B000800 0.0
062 C000800 0.6
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 10.2
062 M000800 0.0
062 N000800 0.0
062 O000800 0.0
062 P000800 36.5
062 Q000800 52.7
062 R000800 0.0
063 A000800 0
063 B000800 15.5
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 Y
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 Y
070 K010800 Y
070 K020800 N
070 L010800 Y
<PAGE> PAGE 39
070 L020800 Y
070 M010800 Y
070 M020800 Y
070 N010800 N
070 N020800 N
070 O010800 Y
070 O020800 N
070 P010800 Y
070 P020800 Y
070 Q010800 Y
070 Q020800 N
070 R010800 Y
070 R020800 N
071 A000800 15464
071 B000800 11639
071 C000800 13730
071 D000800 85
072 A000800 12
072 B000800 1551
072 C000800 0
072 D000800 0
072 E000800 -9
072 F000800 111
072 G000800 60
072 H000800 0
072 I000800 3
072 J000800 20
072 K000800 0
072 L000800 1
072 M000800 0
072 N000800 3
072 O000800 0
072 P000800 0
072 Q000800 0
072 R000800 6
072 S000800 0
072 T000800 0
072 U000800 0
072 V000800 0
072 W000800 2
072 X000800 205
072 Y000800 111
072 Z000800 1448
072AA000800 96
072BB000800 0
072CC010800 0
072CC020800 737
072DD010800 1188
072DD020800 0
072EE000800 361
073 A010800 0.9400
<PAGE> PAGE 40
073 A020800 0.0000
073 B000800 0.2800
073 C000800 0.0000
074 A000800 123
074 B000800 0
074 C000800 926
074 D000800 13106
074 E000800 0
074 F000800 0
074 G000800 0
074 H000800 0
074 I000800 0
074 J000800 728
074 K000800 263
074 L000800 344
074 M000800 0
074 N000800 15490
074 O000800 731
074 P000800 22
074 Q000800 0
074 R010800 0
074 R020800 0
074 R030800 0
074 R040800 58
074 S000800 0
074 T000800 14679
074 U010800 1459
074 U020800 0
074 V010800 10.06
074 V020800 0.00
074 W000800 0.0000
074 X000800 22
074 Y000800 0
075 A000800 0
075 B000800 14765
076 000800 0.00
008 A000901 SECURITY MANAGEMENT COMPANY, LLC
008 B000901 A
008 C000901 801-8008
008 D010901 TOPEKA
008 D020901 KS
008 D030901 66636
008 D040901 0001
015 A000901 CHASE MANHATTAN BANK, N.A.
015 B000901 C
015 C010901 BROOKLYN
015 C020901 NY
015 C030901 11245
015 E010901 X
028 A010900 2402
028 A020900 0
<PAGE> PAGE 41
028 A030900 0
028 A040900 1205
028 B010900 1860
028 B020900 0
028 B030900 0
028 B040900 1471
028 C010900 1166
028 C020900 1941
028 C030900 0
028 C040900 1500
028 D010900 1559
028 D020900 0
028 D030900 0
028 D040900 1336
028 E010900 1230
028 E020900 0
028 E030900 0
028 E040900 1179
028 F010900 1093
028 F020900 0
028 F030900 0
028 F040900 1183
028 G010900 9310
028 G020900 1941
028 G030900 0
028 G040900 7874
028 H000900 0
042 A000900 0
042 B000900 0
042 C000900 0
042 D000900 0
042 E000900 0
042 F000900 0
042 G000900 0
042 H000900 0
043 000900 0
044 000900 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
<PAGE> PAGE 42
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
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 N
055 A000900 N
055 B000900 N
056 000900 Y
057 000900 N
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
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
<PAGE> PAGE 43
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 N
070 G010900 Y
070 G020900 N
070 H010900 Y
070 H020900 N
070 I010900 N
070 I020900 N
070 J010900 N
070 J020900 Y
070 K010900 Y
070 K020900 Y
070 L010900 Y
070 L020900 Y
070 M010900 Y
070 M020900 N
070 N010900 Y
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
071 A000900 35924
071 B000900 25452
071 C000900 39972
071 D000900 64
072 A000900 12
072 B000900 891
072 C000900 512
072 D000900 0
072 E000900 -36
072 F000900 458
072 G000900 74
072 H000900 0
072 I000900 3
072 J000900 24
<PAGE> PAGE 44
072 K000900 6
072 L000900 3
072 M000900 1
072 N000900 0
072 O000900 0
072 P000900 0
072 Q000900 0
072 R000900 6
072 S000900 0
072 T000900 0
072 U000900 0
072 V000900 0
072 W000900 4
072 X000900 579
072 Y000900 0
072 Z000900 788
072AA000900 2393
072BB000900 0
072CC010900 0
072CC020900 609
072DD010900 989
072DD020900 0
072EE000900 952
073 A010900 0.2600
073 A020900 0.0000
073 B000900 0.2500
073 C000900 0.0000
074 A000900 1
074 B000900 0
074 C000900 2254
074 D000900 10069
074 E000900 0
074 F000900 35922
074 G000900 0
074 H000900 0
074 I000900 0
074 J000900 0
074 K000900 27
074 L000900 204
074 M000900 0
074 N000900 48477
074 O000900 0
074 P000900 38
074 Q000900 0
074 R010900 0
074 R020900 0
074 R030900 0
074 R040900 60
074 S000900 0
074 T000900 48379
074 U010900 3935
<PAGE> PAGE 45
074 U020900 0
074 V010900 12.29
074 V020900 0.00
074 W000900 0.0000
074 X000900 16
074 Y000900 0
075 A000900 0
075 B000900 46051
076 000900 0.00
008 A001001 SECURITY MANAGEMENT COMPANY, LLC
008 B001001 A
008 C001001 801-8008
008 D011001 TOPEKA
008 D021001 KS
008 D031001 66636
008 D041001 0001
008 A001002 T. ROWE PRICE ASSOCIATES, INC.
008 B001002 S
008 C001002 801-856
008 D011002 BALTIMORE
008 D021002 MD
008 D031002 21202
015 A001001 CHASE MANHATTAN BANK, N.A.
015 B001001 C
015 C011001 BROOKLYN
015 C021001 NY
015 C031001 11245
015 E011001 X
028 A011000 2276
028 A021000 0
028 A031000 0
028 A041000 262
028 B011000 2012
028 B021000 0
028 B031000 0
028 B041000 686
028 C011000 1689
028 C021000 0
028 C031000 0
028 C041000 233
028 D011000 3197
028 D021000 766
028 D031000 0
028 D041000 791
028 E011000 2112
028 E021000 0
028 E031000 0
028 E041000 582
028 F011000 2258
028 F021000 0
028 F031000 0
<PAGE> PAGE 46
028 F041000 917
028 G011000 13544
028 G021000 766
028 G031000 0
028 G041000 3471
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
050 001000 N
051 001000 N
052 001000 N
053 A001000 N
055 A001000 N
055 B001000 N
056 001000 Y
057 001000 N
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
<PAGE> PAGE 47
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
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 Y
070 M011000 Y
070 M021000 Y
070 N011000 N
070 N021000 N
070 O011000 Y
070 O021000 N
<PAGE> PAGE 48
070 P011000 Y
070 P021000 Y
070 Q011000 Y
070 Q021000 N
070 R011000 Y
070 R021000 N
071 A001000 16650
071 B001000 7051
071 C001000 25577
071 D001000 28
072 A001000 12
072 B001000 829
072 C001000 284
072 D001000 0
072 E001000 -10
072 F001000 269
072 G001000 66
072 H001000 0
072 I001000 2
072 J001000 18
072 K001000 1
072 L001000 1
072 M001000 1
072 N001000 0
072 O001000 0
072 P001000 0
072 Q001000 0
072 R001000 6
072 S001000 0
072 T001000 0
072 U001000 0
072 V001000 0
072 W001000 1
072 X001000 365
072 Y001000 0
072 Z001000 738
072AA001000 432
072BB001000 0
072CC011000 3226
072CC021000 0
072DD011000 464
072DD021000 0
072EE001000 302
073 A011000 0.2100
073 A021000 0.0000
073 B001000 0.1300
073 C001000 0.0000
074 A001000 1
074 B001000 0
074 C001000 2465
074 D001000 14665
<PAGE> PAGE 49
074 E001000 0
074 F001000 20708
074 G001000 0
074 H001000 0
074 I001000 0
074 J001000 0
074 K001000 109
074 L001000 297
074 M001000 0
074 N001000 38245
074 O001000 0
074 P001000 17
074 Q001000 0
074 R011000 0
074 R021000 0
074 R031000 0
074 R041000 46
074 S001000 0
074 T001000 38182
074 U011000 2750
074 U021000 0
074 V011000 13.88
074 V021000 0.00
074 W001000 0.0000
074 X001000 16
074 Y001000 0
075 A001000 0
075 B001000 27161
076 001000 0.00
008 A001101 SECURITY MANAGEMENT COMPANY, LLC
008 B001101 A
008 C001101 801-8008
008 D011101 TOPEKA
008 D021101 KS
008 D031101 66636
008 D041101 0001
008 A001102 T. ROWE PRICE ASSOCIATES, INC.
008 B001102 S
008 C001102 801-856
008 D011102 BALTIMORE
008 D021102 MD
008 D031102 21202
015 A001101 CHASE MANHATTAN BANK, N.A.
015 B001101 C
015 C011101 BROOKLYN
015 C021101 NY
015 C031101 11245
015 E011101 X
028 A011100 7222
028 A021100 0
028 A031100 0
<PAGE> PAGE 50
028 A041100 1963
028 B011100 8491
028 B021100 0
028 B031100 0
028 B041100 3766
028 C011100 6889
028 C021100 2514
028 C031100 0
028 C041100 1947
028 D011100 9672
028 D021100 0
028 D031100 0
028 D041100 3889
028 E011100 7773
028 E021100 0
028 E031100 0
028 E041100 1637
028 F011100 8256
028 F021100 0
028 F031100 0
028 F041100 3477
028 G011100 48303
028 G021100 2514
028 G031100 0
028 G041100 16679
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
<PAGE> PAGE 51
048 K021100 0.000
049 001100 N
050 001100 N
051 001100 N
052 001100 N
053 A001100 N
055 A001100 N
055 B001100 N
056 001100 Y
057 001100 N
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
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
<PAGE> PAGE 52
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 78240
071 B001100 19583
071 C001100 94781
071 D001100 21
072 A001100 12
072 B001100 716
072 C001100 2835
072 D001100 0
072 E001100 -6
072 F001100 1039
072 G001100 47
072 H001100 0
072 I001100 3
072 J001100 31
072 K001100 4
072 L001100 5
072 M001100 2
072 N001100 0
072 O001100 0
072 P001100 0
072 Q001100 0
072 R001100 4
072 S001100 0
072 T001100 0
072 U001100 0
<PAGE> PAGE 53
072 V001100 0
072 W001100 4
072 X001100 1139
072 Y001100 0
072 Z001100 2406
072AA001100 5853
072BB001100 0
072CC011100 17564
072CC021100 0
072DD011100 1036
072DD021100 0
072EE001100 1478
073 A011100 0.1400
073 A021100 0.0000
073 B001100 0.2100
073 C001100 0.0000
074 A001100 0
074 B001100 0
074 C001100 12152
074 D001100 1816
074 E001100 0
074 F001100 137323
074 G001100 0
074 H001100 0
074 I001100 0
074 J001100 0
074 K001100 376
074 L001100 382
074 M001100 0
074 N001100 152049
074 O001100 795
074 P001100 713
074 Q001100 0
074 R011100 0
074 R021100 0
074 R031100 0
074 R041100 150
074 S001100 0
074 T001100 150391
074 U011100 8534
074 U021100 0
074 V011100 17.62
074 V021100 0.00
074 W001100 0.0000
074 X001100 20
074 Y001100 0
075 A001100 0
075 B001100 104157
076 001100 0.00
008 A001201 SECURITY MANAGEMENT COMPANY, LLC
008 B001201 A
<PAGE> PAGE 54
008 C001201 801-8008
008 D011201 TOPEKA
008 D021201 KS
008 D031201 66636
008 D041201 0001
015 A001201 UMB BANK, N.A.
015 B001201 C
015 C011201 KANSAS CITY
015 C021201 MO
015 C031201 64106
015 E011201 X
028 A011200 67
028 A021200 0
028 A031200 0
028 A041200 0
028 B011200 271
028 B021200 0
028 B031200 0
028 B041200 0
028 C011200 693
028 C021200 103
028 C031200 0
028 C041200 7
028 D011200 1429
028 D021200 0
028 D031200 0
028 D041200 244
028 E011200 874
028 E021200 0
028 E031200 0
028 E041200 23
028 F011200 1752
028 F021200 0
028 F031200 0
028 F041200 1166
028 G011200 5086
028 G021200 103
028 G031200 0
028 G041200 1440
028 H001200 0
045 001200 Y
046 001200 N
047 001200 Y
048 001200 0.750
048 A011200 0
048 A021200 0.000
048 B011200 0
048 B021200 0.000
048 C011200 0
048 C021200 0.000
048 D011200 0
<PAGE> PAGE 55
048 D021200 0.000
048 E011200 0
048 E021200 0.000
048 F011200 0
048 F021200 0.000
048 G011200 0
048 G021200 0.000
048 H011200 0
048 H021200 0.000
048 I011200 0
048 I021200 0.000
048 J011200 0
048 J021200 0.000
048 K011200 0
048 K021200 0.000
049 001200 N
050 001200 N
051 001200 N
052 001200 N
053 A001200 Y
053 B001200 Y
053 C001200 N
055 A001200 N
055 B001200 N
056 001200 Y
057 001200 N
062 A001200 Y
062 B001200 0.0
062 C001200 0.0
062 D001200 0.0
062 E001200 0.0
062 F001200 0.0
062 G001200 0.0
062 H001200 0.0
062 I001200 0.0
062 J001200 0.0
062 K001200 0.0
062 L001200 11.3
062 M001200 0.0
062 N001200 0.0
062 O001200 0.0
062 P001200 83.5
062 Q001200 0.0
062 R001200 5.2
063 A001200 0
063 B001200 5.8
064 A001200 N
066 A001200 N
067 001200 N
068 A001200 N
068 B001200 N
<PAGE> PAGE 56
069 001200 N
070 A011200 Y
070 A021200 N
070 B011200 Y
070 B021200 N
070 C011200 Y
070 C021200 N
070 D011200 Y
070 D021200 N
070 E011200 Y
070 E021200 N
070 F011200 Y
070 F021200 N
070 G011200 Y
070 G021200 N
070 H011200 Y
070 H021200 N
070 I011200 N
070 I021200 N
070 J011200 Y
070 J021200 Y
070 K011200 Y
070 K021200 N
070 L011200 Y
070 L021200 Y
070 M011200 N
070 M021200 N
070 N011200 N
070 N021200 N
070 O011200 Y
070 O021200 N
070 P011200 Y
070 P021200 Y
070 Q011200 Y
070 Q021200 N
070 R011200 Y
070 R021200 N
071 A001200 6037
071 B001200 2550
071 C001200 3319
071 D001200 77
072 A001200 12
072 B001200 304
072 C001200 10
072 D001200 0
072 E001200 0
072 F001200 29
072 G001200 2
072 H001200 0
072 I001200 0
072 J001200 1
<PAGE> PAGE 57
072 K001200 0
072 L001200 0
072 M001200 0
072 N001200 0
072 O001200 0
072 P001200 0
072 Q001200 0
072 R001200 7
072 S001200 0
072 T001200 0
072 U001200 0
072 V001200 0
072 W001200 1
072 X001200 40
072 Y001200 29
072 Z001200 303
072AA001200 66
072BB001200 0
072CC011200 68
072CC021200 0
072DD011200 86
072DD021200 0
072EE001200 17
073 A011200 0.4200
073 A021200 0.0000
073 B001200 0.0800
073 C001200 0.0000
074 A001200 619
074 B001200 0
074 C001200 0
074 D001200 5647
074 E001200 353
074 F001200 0
074 G001200 0
074 H001200 0
074 I001200 0
074 J001200 0
074 K001200 20
074 L001200 133
074 M001200 0
074 N001200 6772
074 O001200 0
074 P001200 2
074 Q001200 0
074 R011200 0
074 R021200 0
074 R031200 0
074 R041200 3
074 S001200 0
074 T001200 6767
074 U011200 384
<PAGE> PAGE 58
074 U021200 0
074 V011200 17.60
074 V021200 0.00
074 W001200 0.0000
074 X001200 5
074 Y001200 0
075 A001200 0
075 B001200 3531
076 001200 0.00
008 A001301 SECURITY MANAGEMENT COMPANY, LLC
008 B001301 A
008 C001301 801-8008
008 D011301 TOPEKA
008 D021301 KS
008 D031301 66636
008 D041301 0001
015 A001301 UMB BANK, N.A.
015 B001301 C
015 C011301 KANSAS CITY
015 C021301 MO
015 C031301 64106
015 E011301 X
028 A011300 39
028 A021300 0
028 A031300 0
028 A041300 0
028 B011300 362
028 B021300 0
028 B031300 0
028 B041300 57
028 C011300 578
028 C021300 0
028 C031300 0
028 C041300 3
028 D011300 1100
028 D021300 0
028 D031300 0
028 D041300 236
028 E011300 2088
028 E021300 0
028 E031300 0
028 E041300 65
028 F011300 0
028 F021300 0
028 F031300 0
028 F041300 0
028 G011300 4167
028 G021300 0
028 G031300 0
028 G041300 361
028 H001300 0
<PAGE> PAGE 59
045 001300 Y
046 001300 N
047 001300 Y
048 001300 0.750
048 A011300 0
048 A021300 0.000
048 B011300 0
048 B021300 0.000
048 C011300 0
048 C021300 0.000
048 D011300 0
048 D021300 0.000
048 E011300 0
048 E021300 0.000
048 F011300 0
048 F021300 0.000
048 G011300 0
048 G021300 0.000
048 H011300 0
048 H021300 0.000
048 I011300 0
048 I021300 0.000
048 J011300 0
048 J021300 0.000
048 K011300 0
048 K021300 0.000
049 001300 N
050 001300 N
051 001300 N
052 001300 N
053 A001300 Y
053 B001300 Y
053 C001300 N
055 A001300 N
055 B001300 N
056 001300 Y
057 001300 N
062 A001300 N
062 B001300 0.0
062 C001300 0.0
062 D001300 0.0
062 E001300 0.0
062 F001300 0.0
062 G001300 0.0
062 H001300 0.0
062 I001300 0.0
062 J001300 0.0
062 K001300 0.0
062 L001300 0.0
062 M001300 0.0
062 N001300 0.0
<PAGE> PAGE 60
062 O001300 0.0
062 P001300 0.0
062 Q001300 0.0
062 R001300 0.0
063 A001300 0
063 B001300 0.0
066 A001300 Y
066 B001300 N
066 C001300 N
066 D001300 Y
066 E001300 N
066 F001300 N
066 G001300 N
067 001300 N
068 A001300 N
068 B001300 N
069 001300 N
070 A011300 Y
070 A021300 N
070 B011300 Y
070 B021300 N
070 C011300 Y
070 C021300 N
070 D011300 Y
070 D021300 N
070 E011300 Y
070 E021300 N
070 F011300 Y
070 F021300 N
070 G011300 Y
070 G021300 N
070 H011300 Y
070 H021300 N
070 I011300 N
070 I021300 N
070 J011300 Y
070 J021300 N
070 K011300 Y
070 K021300 N
070 L011300 N
070 L021300 N
070 M011300 N
070 M021300 N
070 N011300 N
070 N021300 N
070 O011300 Y
070 O021300 N
070 P011300 Y
070 P021300 Y
070 Q011300 Y
070 Q021300 N
<PAGE> PAGE 61
070 R011300 Y
070 R021300 N
071 A001300 7168
071 B001300 1542
071 C001300 2910
071 D001300 79
072 A001300 8
072 B001300 7
072 C001300 29
072 D001300 0
072 E001300 0
072 F001300 13
072 G001300 1
072 H001300 0
072 I001300 0
072 J001300 2
072 K001300 0
072 L001300 0
072 M001300 0
072 N001300 0
072 O001300 0
072 P001300 0
072 Q001300 0
072 R001300 4
072 S001300 0
072 T001300 0
072 U001300 0
072 V001300 0
072 W001300 1
072 X001300 21
072 Y001300 13
072 Z001300 28
072AA001300 153
072BB001300 0
072CC011300 346
072CC021300 0
072DD011300 0
072DD021300 0
072EE001300 0
073 A011300 0.0000
073 A021300 0.0000
073 B001300 0.0000
073 C001300 0.0000
074 A001300 335
074 B001300 0
074 C001300 0
074 D001300 0
074 E001300 189
074 F001300 5935
074 G001300 0
074 H001300 0
<PAGE> PAGE 62
074 I001300 0
074 J001300 0
074 K001300 32
074 L001300 11
074 M001300 0
074 N001300 6502
074 O001300 7
074 P001300 1
074 Q001300 0
074 R011300 0
074 R021300 0
074 R031300 0
074 R041300 3
074 S001300 0
074 T001300 6491
074 U011300 494
074 U021300 0
074 V011300 13.13
074 V021300 0.00
074 W001300 0.0000
074 X001300 6
074 Y001300 0
075 A001300 0
075 B001300 2709
076 001300 0.00
008 A001401 SECURITY MANAGEMENT COMPANY, LLC
008 B001401 A
008 C001401 801-8008
008 D011401 TOPEKA
008 D021401 KS
008 D031401 66636
008 D041401 0001
015 A001401 UMB BANK, N.A.
015 B001401 C
015 C011401 KANSAS CITY
015 C021401 MO
015 C031401 64106
015 E011401 X
028 A011400 0
028 A021400 0
028 A031400 0
028 A041400 0
028 B011400 0
028 B021400 0
028 B031400 0
028 B041400 0
028 C011400 0
028 C021400 0
028 C031400 0
028 C041400 0
028 D011400 2516
<PAGE> PAGE 63
028 D021400 0
028 D031400 0
028 D041400 0
028 E011400 69
028 E021400 0
028 E031400 0
028 E041400 0
028 F011400 1083
028 F021400 0
028 F031400 0
028 F041400 206
028 G011400 3668
028 G021400 0
028 G031400 0
028 G041400 206
028 H001400 0
045 001400 Y
046 001400 N
047 001400 Y
048 001400 1.000
048 A011400 0
048 A021400 0.000
048 B011400 0
048 B021400 0.000
048 C011400 0
048 C021400 0.000
048 D011400 0
048 D021400 0.000
048 E011400 0
048 E021400 0.000
048 F011400 0
048 F021400 0.000
048 G011400 0
048 G021400 0.000
048 H011400 0
048 H021400 0.000
048 I011400 0
048 I021400 0.000
048 J011400 0
048 J021400 0.000
048 K011400 0
048 K021400 0.000
049 001400 N
050 001400 N
051 001400 N
052 001400 N
053 A001400 Y
053 B001400 Y
053 C001400 N
055 A001400 N
055 B001400 N
<PAGE> PAGE 64
056 001400 Y
057 001400 N
062 A001400 N
062 B001400 0.0
062 C001400 0.0
062 D001400 0.0
062 E001400 0.0
062 F001400 0.0
062 G001400 0.0
062 H001400 0.0
062 I001400 0.0
062 J001400 0.0
062 K001400 0.0
062 L001400 0.0
062 M001400 0.0
062 N001400 0.0
062 O001400 0.0
062 P001400 0.0
062 Q001400 0.0
062 R001400 0.0
063 A001400 0
063 B001400 0.0
066 A001400 Y
066 B001400 N
066 C001400 N
066 D001400 Y
066 E001400 N
066 F001400 N
066 G001400 N
067 001400 N
068 A001400 N
068 B001400 N
069 001400 N
070 A011400 Y
070 A021400 N
070 B011400 Y
070 B021400 N
070 C011400 Y
070 C021400 N
070 D011400 Y
070 D021400 N
070 E011400 Y
070 E021400 N
070 F011400 Y
070 F021400 N
070 G011400 Y
070 G021400 N
070 H011400 Y
070 H021400 N
070 I011400 Y
070 I021400 N
<PAGE> PAGE 65
070 J011400 Y
070 J021400 N
070 K011400 Y
070 K021400 N
070 L011400 Y
070 L021400 Y
070 M011400 Y
070 M021400 N
070 N011400 N
070 N021400 N
070 O011400 Y
070 O021400 N
070 P011400 Y
070 P021400 Y
070 Q011400 N
070 Q021400 N
070 R011400 N
070 R021400 N
071 A001400 4477
071 B001400 1874
071 C001400 2183
071 D001400 402
072 A001400 3
072 B001400 0
072 C001400 9
072 D001400 0
072 E001400 0
072 F001400 5
072 G001400 0
072 H001400 0
072 I001400 0
072 J001400 1
072 K001400 0
072 L001400 0
072 M001400 0
072 N001400 0
072 O001400 0
072 P001400 0
072 Q001400 0
072 R001400 3
072 S001400 0
072 T001400 0
072 U001400 0
072 V001400 0
072 W001400 1
072 X001400 10
072 Y001400 5
072 Z001400 4
072AA001400 0
072BB001400 221
072CC011400 119
<PAGE> PAGE 66
072CC021400 0
072DD011400 0
072DD021400 0
072EE001400 0
073 A011400 0.0000
073 A021400 0.0000
073 B001400 0.0000
073 C001400 0.0000
074 A001400 385
074 B001400 0
074 C001400 0
074 D001400 0
074 E001400 4
074 F001400 2501
074 G001400 0
074 H001400 0
074 I001400 0
074 J001400 0
074 K001400 15
074 L001400 57
074 M001400 0
074 N001400 2962
074 O001400 320
074 P001400 0
074 Q001400 0
074 R011400 0
074 R021400 0
074 R031400 0
074 R041400 2
074 S001400 0
074 T001400 2640
074 U011400 275
074 U021400 0
074 V011400 9.60
074 V021400 0.00
074 W001400 0.0000
074 X001400 6
074 Y001400 0
075 A001400 0
075 B001400 2409
076 001400 0.00
SIGNATURE JAMES R. SCHMANK
TITLE V.P.
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000217087
<NAME> SBL FUND
<SERIES>
<NUMBER> 001
<NAME> SERIES A
<MULTIPLIER> 1,000
<CURRENCY> U.S. DOLLARS
<S> <C>
<PERIOD-TYPE> YEAR
<FISCAL-YEAR-END> DEC-31-1997
<PERIOD-START> JAN-01-1997
<PERIOD-END> DEC-31-1997
<EXCHANGE-RATE> 1
<INVESTMENTS-AT-COST> 611,559
<INVESTMENTS-AT-VALUE> 920,249
<RECEIVABLES> 2,407
<ASSETS-OTHER> 92,923
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 1,015,579
<PAYABLE-FOR-SECURITIES> 12,565
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 3,085
<TOTAL-LIABILITIES> 15,650
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 612,156
<SHARES-COMMON-STOCK> 34,021
<SHARES-COMMON-PRIOR> 29,391
<ACCUMULATED-NII-CURRENT> 5,458
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 73,625
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 308,690
<NET-ASSETS> 999,929
<DIVIDEND-INCOME> 10,101
<INTEREST-INCOME> 2,471
<OTHER-INCOME> 0
<EXPENSES-NET> 6,959
<NET-INVESTMENT-INCOME> 5,613
<REALIZED-GAINS-CURRENT> 74,246
<APPREC-INCREASE-CURRENT> 126,639
<NET-CHANGE-FROM-OPS> 206,498
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 12,677
<NUMBER-OF-SHARES-REDEEMED> 10,043
<SHARES-REINVESTED> 1,996
<NET-CHANGE-IN-ASSETS> 285,338
<ACCUMULATED-NII-PRIOR> 5,364
<ACCUMULATED-GAINS-PRIOR> 50,975
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 6,408
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 6,959
<AVERAGE-NET-ASSETS> 859,896
<PER-SHARE-NAV-BEGIN> 24.31
<PER-SHARE-NII> .16
<PER-SHARE-GAIN-APPREC> 6.75
<PER-SHARE-DIVIDEND> .18
<PER-SHARE-DISTRIBUTIONS> 1.65
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 29.39
<EXPENSE-RATIO> .81
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000217087
<NAME> SBL FUND
<SERIES>
<NUMBER> 002
<NAME> SERIES B
<MULTIPLIER> 1,000
<CURRENCY> U.S. DOLLARS
<S> <C>
<PERIOD-TYPE> YEAR
<FISCAL-YEAR-END> DEC-31-1997
<PERIOD-START> JAN-01-1997
<PERIOD-END> DEC-31-1997
<EXCHANGE-RATE> 1
<INVESTMENTS-AT-COST> 872,131
<INVESTMENTS-AT-VALUE> 1,183,758
<RECEIVABLES> 20,005
<ASSETS-OTHER> 70,199
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 1,273,962
<PAYABLE-FOR-SECURITIES> 71,933
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 3,727
<TOTAL-LIABILITIES> 75,660
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 737,234
<SHARES-COMMON-STOCK> 28,805
<SHARES-COMMON-PRIOR> 27,020
<ACCUMULATED-NII-CURRENT> 20,257
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 129,184
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 311,627
<NET-ASSETS> 1,198,302
<DIVIDEND-INCOME> 13,392
<INTEREST-INCOME> 16,087
<OTHER-INCOME> 0
<EXPENSES-NET> 8,982
<NET-INVESTMENT-INCOME> 20,497
<REALIZED-GAINS-CURRENT> 129,262
<APPREC-INCREASE-CURRENT> 101,906
<NET-CHANGE-FROM-OPS> 251,665
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 23,074
<DISTRIBUTIONS-OF-GAINS> 57,257
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 5,261
<NUMBER-OF-SHARES-REDEEMED> 5,527
<SHARES-REINVESTED> 2,051
<NET-CHANGE-IN-ASSETS> 241,716
<ACCUMULATED-NII-PRIOR> 22,621
<ACCUMULATED-GAINS-PRIOR> 57,392
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 8,120
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 8,984
<AVERAGE-NET-ASSETS> 1,082,632
<PER-SHARE-NAV-BEGIN> 35.40
<PER-SHARE-NII> .72
<PER-SHARE-GAIN-APPREC> 8.47
<PER-SHARE-DIVIDEND> .86
<PER-SHARE-DISTRIBUTIONS> 2.13
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 41.60
<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> 003
<NAME> SERIES C
<MULTIPLIER> 1,000
<CURRENCY> U.S. DOLLARS
<S> <C>
<PERIOD-TYPE> YEAR
<FISCAL-YEAR-END> DEC-31-1997
<PERIOD-START> JAN-01-1997
<PERIOD-END> DEC-31-1997
<EXCHANGE-RATE> 1
<INVESTMENTS-AT-COST> 98,019
<INVESTMENTS-AT-VALUE> 98,015
<RECEIVABLES> 1,507
<ASSETS-OTHER> 523
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 100,045
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 2,030
<TOTAL-LIABILITIES> 2,030
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 91,897
<SHARES-COMMON-STOCK> 7,822
<SHARES-COMMON-PRIOR> 10,246
<ACCUMULATED-NII-CURRENT> 6,122
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 0
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> (4)
<NET-ASSETS> 98,015
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 7,066
<OTHER-INCOME> 0
<EXPENSES-NET> 729
<NET-INVESTMENT-INCOME> 6,337
<REALIZED-GAINS-CURRENT> 0
<APPREC-INCREASE-CURRENT> 50
<NET-CHANGE-FROM-OPS> 6,387
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 6,976
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 26,334
<NUMBER-OF-SHARES-REDEEMED> 29,323
<SHARES-REINVESTED> 565
<NET-CHANGE-IN-ASSETS> (30,657)
<ACCUMULATED-NII-PRIOR> 6,761
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 629
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 729
<AVERAGE-NET-ASSETS> 125,835
<PER-SHARE-NAV-BEGIN> 12.56
<PER-SHARE-NII> .79
<PER-SHARE-GAIN-APPREC> (.15)
<PER-SHARE-DIVIDEND> .67
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 12.53
<EXPENSE-RATIO> .58
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000217087
<NAME> SBL FUND
<SERIES>
<NUMBER> 004
<NAME> SERIES D
<MULTIPLIER> 1,000
<CURRENCY> U.S. DOLLARS
<S> <C>
<PERIOD-TYPE> YEAR
<FISCAL-YEAR-END> DEC-31-1997
<PERIOD-START> JAN-01-1997
<PERIOD-END> DEC-31-1997
<EXCHANGE-RATE> 1
<INVESTMENTS-AT-COST> 237,186
<INVESTMENTS-AT-VALUE> 251,518
<RECEIVABLES> 4,764
<ASSETS-OTHER> 31,137
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 287,419
<PAYABLE-FOR-SECURITIES> 880
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 757
<TOTAL-LIABILITIES> 1,637
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 247,185
<SHARES-COMMON-STOCK> 46,544
<SHARES-COMMON-PRIOR> 40,254
<ACCUMULATED-NII-CURRENT> 3,266
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 20,121
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 15,210
<NET-ASSETS> 285,782
<DIVIDEND-INCOME> 5,279
<INTEREST-INCOME> 944
<OTHER-INCOME> (531)
<EXPENSES-NET> 3,565
<NET-INVESTMENT-INCOME> 2,127
<REALIZED-GAINS-CURRENT> 22,460
<APPREC-INCREASE-CURRENT> (8,322)
<NET-CHANGE-FROM-OPS> 16,265
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 5,800
<DISTRIBUTIONS-OF-GAINS> 12,517
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 16,055
<NUMBER-OF-SHARES-REDEEMED> 12,579
<SHARES-REINVESTED> 2,814
<NET-CHANGE-IN-ASSETS> 38,756
<ACCUMULATED-NII-PRIOR> 5,665
<ACCUMULATED-GAINS-PRIOR> 11,450
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 2,835
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 3,565
<AVERAGE-NET-ASSETS> 286,593
<PER-SHARE-NAV-BEGIN> 6.14
<PER-SHARE-NII> .04
<PER-SHARE-GAIN-APPREC> .38
<PER-SHARE-DIVIDEND> .13
<PER-SHARE-DISTRIBUTIONS> .29
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 6.14
<EXPENSE-RATIO> 1.24
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000217087
<NAME> SBL FUND
<SERIES>
<NUMBER> 005
<NAME> SERIES E
<MULTIPLIER> 1,000
<CURRENCY> U.S. DOLLARS
<S> <C>
<PERIOD-TYPE> YEAR
<FISCAL-YEAR-END> DEC-31-1997
<PERIOD-START> JAN-01-1997
<PERIOD-END> DEC-31-1997
<EXCHANGE-RATE> 1
<INVESTMENTS-AT-COST> 135,173
<INVESTMENTS-AT-VALUE> 139,515
<RECEIVABLES> 2,390
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 141,905
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 996
<TOTAL-LIABILITIES> 996
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 142,031
<SHARES-COMMON-STOCK> 11,507
<SHARES-COMMON-PRIOR> 11,171
<ACCUMULATED-NII-CURRENT> 8,352
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (13,816)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 4,342
<NET-ASSETS> 140,909
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 9,448
<OTHER-INCOME> 0
<EXPENSES-NET> 1,045
<NET-INVESTMENT-INCOME> 8,403
<REALIZED-GAINS-CURRENT> (1,540)
<APPREC-INCREASE-CURRENT> 4,992
<NET-CHANGE-FROM-OPS> 11,855
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 8,745
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 5,468
<NUMBER-OF-SHARES-REDEEMED> 5,876
<SHARES-REINVESTED> 744
<NET-CHANGE-IN-ASSETS> 6,867
<ACCUMULATED-NII-PRIOR> 8,629
<ACCUMULATED-GAINS-PRIOR> (12,213)
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 945
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 1,045
<AVERAGE-NET-ASSETS> 126,029
<PER-SHARE-NAV-BEGIN> 12.00
<PER-SHARE-NII> .86
<PER-SHARE-GAIN-APPREC> .31
<PER-SHARE-DIVIDEND> .92
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 12.25
<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> 006
<NAME> SERIES S
<MULTIPLIER> 1,000
<CURRENCY> U.S. DOLLARS
<S> <C>
<PERIOD-TYPE> YEAR
<FISCAL-YEAR-END> DEC-31-1997
<PERIOD-START> JAN-01-1997
<PERIOD-END> DEC-31-1997
<EXCHANGE-RATE> 1
<INVESTMENTS-AT-COST> 62,423
<INVESTMENTS-AT-VALUE> 85,940
<RECEIVABLES> 233
<ASSETS-OTHER> 4,427
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 90,600
<PAYABLE-FOR-SECURITIES> 1,123
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 146
<TOTAL-LIABILITIES> 1,269
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 63,114
<SHARES-COMMON-STOCK> 4,014
<SHARES-COMMON-PRIOR> 3,013
<ACCUMULATED-NII-CURRENT> 253
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 2,448
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 23,517
<NET-ASSETS> 89,332
<DIVIDEND-INCOME> 570
<INTEREST-INCOME> 298
<OTHER-INCOME> 0
<EXPENSES-NET> 612
<NET-INVESTMENT-INCOME> 256
<REALIZED-GAINS-CURRENT> 2,451
<APPREC-INCREASE-CURRENT> 12,332
<NET-CHANGE-FROM-OPS> 15,039
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 141
<DISTRIBUTIONS-OF-GAINS> 3,818
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 1,523
<NUMBER-OF-SHARES-REDEEMED> 709
<SHARES-REINVESTED> 187
<NET-CHANGE-IN-ASSETS> 31,835
<ACCUMULATED-NII-PRIOR> 138
<ACCUMULATED-GAINS-PRIOR> 3,814
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 553
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 612
<AVERAGE-NET-ASSETS> 73,697
<PER-SHARE-NAV-BEGIN> 19.08
<PER-SHARE-NII> .06
<PER-SHARE-GAIN-APPREC> 4.21
<PER-SHARE-DIVIDEND> .04
<PER-SHARE-DISTRIBUTIONS> 1.06
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 22.25
<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> 007
<NAME> SERIES J
<MULTIPLIER> 1,000
<CURRENCY> U.S. DOLLARS
<S> <C>
<PERIOD-TYPE> YEAR
<FISCAL-YEAR-END> DEC-31-1997
<PERIOD-START> JAN-01-1997
<PERIOD-END> DEC-31-1997
<EXCHANGE-RATE> 1
<INVESTMENTS-AT-COST> 169,140
<INVESTMENTS-AT-VALUE> 210,447
<RECEIVABLES> 10,262
<ASSETS-OTHER> 11,669
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 232,378
<PAYABLE-FOR-SECURITIES> 5,825
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 255
<TOTAL-LIABILITIES> 6,080
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 159,873
<SHARES-COMMON-STOCK> 10,608
<SHARES-COMMON-PRIOR> 8,134
<ACCUMULATED-NII-CURRENT> 1,388
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 23,729
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 41,307
<NET-ASSETS> 226,297
<DIVIDEND-INCOME> 582
<INTEREST-INCOME> 787
<OTHER-INCOME> 0
<EXPENSES-NET> 1,587
<NET-INVESTMENT-INCOME> (218)
<REALIZED-GAINS-CURRENT> 25,352
<APPREC-INCREASE-CURRENT> 13,544
<NET-CHANGE-FROM-OPS> 38,678
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 549
<DISTRIBUTIONS-OF-GAINS> 4,737
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 6,939
<NUMBER-OF-SHARES-REDEEMED> 4,714
<SHARES-REINVESTED> 249
<NET-CHANGE-IN-ASSETS> 77,876
<ACCUMULATED-NII-PRIOR> 541
<ACCUMULATED-GAINS-PRIOR> 4,728
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 1,451
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 1,587
<AVERAGE-NET-ASSETS> 193,444
<PER-SHARE-NAV-BEGIN> 18.25
<PER-SHARE-NII> (.03)
<PER-SHARE-GAIN-APPREC> 3.67
<PER-SHARE-DIVIDEND> .06
<PER-SHARE-DISTRIBUTIONS> .50
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 21.33
<EXPENSE-RATIO> .82
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000217087
<NAME> SBL FUND
<SERIES>
<NUMBER> 008
<NAME> SERIES K
<MULTIPLIER> 1,000
<CURRENCY> U.S. DOLLARS
<S> <C>
<PERIOD-TYPE> YEAR
<FISCAL-YEAR-END> DEC-31-1997
<PERIOD-START> JAN-01-1997
<PERIOD-END> DEC-31-1997
<EXCHANGE-RATE> 1
<INVESTMENTS-AT-COST> 14,455
<INVESTMENTS-AT-VALUE> 14,032
<RECEIVABLES> 1,336
<ASSETS-OTHER> 122
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 15,490
<PAYABLE-FOR-SECURITIES> 731
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 80
<TOTAL-LIABILITIES> 811
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 15,070
<SHARES-COMMON-STOCK> 1,459
<SHARES-COMMON-PRIOR> 1,186
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 25
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> (416)
<NET-ASSETS> 14,679
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 1,542
<OTHER-INCOME> 0
<EXPENSES-NET> 94
<NET-INVESTMENT-INCOME> 1,448
<REALIZED-GAINS-CURRENT> 96
<APPREC-INCREASE-CURRENT> (737)
<NET-CHANGE-FROM-OPS> 807
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 1,187
<DISTRIBUTIONS-OF-GAINS> 361
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 1,143
<NUMBER-OF-SHARES-REDEEMED> 1,024
<SHARES-REINVESTED> 154
<NET-CHANGE-IN-ASSETS> 1,959
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 29
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 111
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 205
<AVERAGE-NET-ASSETS> 14,765
<PER-SHARE-NAV-BEGIN> 10.72
<PER-SHARE-NII> 1.12
<PER-SHARE-GAIN-APPREC> (.56)
<PER-SHARE-DIVIDEND> .94
<PER-SHARE-DISTRIBUTIONS> .28
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 10.06
<EXPENSE-RATIO> .64
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000217087
<NAME> SBL FUND
<SERIES>
<NUMBER> 009
<NAME> SERIES M
<MULTIPLIER> 1,000
<CURRENCY> U.S. DOLLARS
<S> <C>
<PERIOD-TYPE> YEAR
<FISCAL-YEAR-END> DEC-31-1997
<PERIOD-START> JAN-01-1997
<PERIOD-END> DEC-31-1997
<EXCHANGE-RATE> 1
<INVESTMENTS-AT-COST> 46,909
<INVESTMENTS-AT-VALUE> 48,245
<RECEIVABLES> 231
<ASSETS-OTHER> 1
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 48,477
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 98
<TOTAL-LIABILITIES> 98
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 43,929
<SHARES-COMMON-STOCK> 3,935
<SHARES-COMMON-PRIOR> 3,187
<ACCUMULATED-NII-CURRENT> 735
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 2,379
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 1,336
<NET-ASSETS> 48,379
<DIVIDEND-INCOME> 512
<INTEREST-INCOME> 891
<OTHER-INCOME> (36)
<EXPENSES-NET> 579
<NET-INVESTMENT-INCOME> 788
<REALIZED-GAINS-CURRENT> 2,393
<APPREC-INCREASE-CURRENT> (609)
<NET-CHANGE-FROM-OPS> 2,572
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 989
<DISTRIBUTIONS-OF-GAINS> 952
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 1,649
<NUMBER-OF-SHARES-REDEEMED> 1,055
<SHARES-REINVESTED> 154
<NET-CHANGE-IN-ASSETS> 9,983
<ACCUMULATED-NII-PRIOR> 925
<ACCUMULATED-GAINS-PRIOR> 949
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 458
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 579
<AVERAGE-NET-ASSETS> 46,051
<PER-SHARE-NAV-BEGIN> 12.05
<PER-SHARE-NII> .16
<PER-SHARE-GAIN-APPREC> .59
<PER-SHARE-DIVIDEND> .26
<PER-SHARE-DISTRIBUTIONS> .25
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 12.29
<EXPENSE-RATIO> 1.26
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000217087
<NAME> SBL FUND
<SERIES>
<NUMBER> 010
<NAME> SERIES N
<MULTIPLIER> 1,000
<CURRENCY> U.S. DOLLARS
<S> <C>
<PERIOD-TYPE> YEAR
<FISCAL-YEAR-END> DEC-31-1997
<PERIOD-START> JAN-01-1997
<PERIOD-END> DEC-31-1997
<EXCHANGE-RATE> 1
<INVESTMENTS-AT-COST> 32,759
<INVESTMENTS-AT-VALUE> 37,838
<RECEIVABLES> 406
<ASSETS-OTHER> 1
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 38,245
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 64
<TOTAL-LIABILITIES> 64
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 31,947
<SHARES-COMMON-STOCK> 2,750
<SHARES-COMMON-PRIOR> 1,943
<ACCUMULATED-NII-CURRENT> 724
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 433
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 5,078
<NET-ASSETS> 38,182
<DIVIDEND-INCOME> 284
<INTEREST-INCOME> 829
<OTHER-INCOME> (10)
<EXPENSES-NET> 365
<NET-INVESTMENT-INCOME> 738
<REALIZED-GAINS-CURRENT> 432
<APPREC-INCREASE-CURRENT> 3,226
<NET-CHANGE-FROM-OPS> 4,396
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 464
<DISTRIBUTIONS-OF-GAINS> 302
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 1,702
<NUMBER-OF-SHARES-REDEEMED> 952
<SHARES-REINVESTED> 57
<NET-CHANGE-IN-ASSETS> 14,837
<ACCUMULATED-NII-PRIOR> 456
<ACCUMULATED-GAINS-PRIOR> 297
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 269
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 365
<AVERAGE-NET-ASSETS> 27,161
<PER-SHARE-NAV-BEGIN> 12.02
<PER-SHARE-NII> .24
<PER-SHARE-GAIN-APPREC> 1.96
<PER-SHARE-DIVIDEND> .21
<PER-SHARE-DISTRIBUTIONS> .13
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 13.88
<EXPENSE-RATIO> 1.35
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000217087
<NAME> SBL FUND
<SERIES>
<NUMBER> 011
<NAME> SERIES O
<MULTIPLIER> 1,000
<CURRENCY> U.S. DOLLARS
<S> <C>
<PERIOD-TYPE> YEAR
<FISCAL-YEAR-END> DEC-31-1997
<PERIOD-START> JAN-01-1997
<PERIOD-END> DEC-31-1997
<EXCHANGE-RATE> 1
<INVESTMENTS-AT-COST> 127,742
<INVESTMENTS-AT-VALUE> 151,291
<RECEIVABLES> 758
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 152,049
<PAYABLE-FOR-SECURITIES> 795
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 863
<TOTAL-LIABILITIES> 1,658
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 118,634
<SHARES-COMMON-STOCK> 8,534
<SHARES-COMMON-PRIOR> 4,451
<ACCUMULATED-NII-CURRENT> 2,387
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 5,821
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 23,549
<NET-ASSETS> 150,391
<DIVIDEND-INCOME> 2,835
<INTEREST-INCOME> 716
<OTHER-INCOME> (6)
<EXPENSES-NET> 1,139
<NET-INVESTMENT-INCOME> 2,406
<REALIZED-GAINS-CURRENT> 5,853
<APPREC-INCREASE-CURRENT> 17,564
<NET-CHANGE-FROM-OPS> 25,823
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 1,036
<DISTRIBUTIONS-OF-GAINS> 1,478
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 5,602
<NUMBER-OF-SHARES-REDEEMED> 1,671
<SHARES-REINVESTED> 152
<NET-CHANGE-IN-ASSETS> 88,014
<ACCUMULATED-NII-PRIOR> 1,028
<ACCUMULATED-GAINS-PRIOR> 1,435
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 1,039
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 1,139
<AVERAGE-NET-ASSETS> 104,157
<PER-SHARE-NAV-BEGIN> 14.01
<PER-SHARE-NII> .19
<PER-SHARE-GAIN-APPREC> 3.77
<PER-SHARE-DIVIDEND> .14
<PER-SHARE-DISTRIBUTIONS> .21
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 17.62
<EXPENSE-RATIO> 1.09
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000217087
<NAME> SBL FUND
<SERIES>
<NUMBER> 012
<NAME> SERIES P
<MULTIPLIER> 1,000
<CURRENCY> U.S. DOLLARS
<S> <C>
<PERIOD-TYPE> YEAR
<FISCAL-YEAR-END> DEC-31-1997
<PERIOD-START> JAN-01-1997
<PERIOD-END> DEC-31-1997
<EXCHANGE-RATE> 1
<INVESTMENTS-AT-COST> 5,870
<INVESTMENTS-AT-VALUE> 6,000
<RECEIVABLES> 153
<ASSETS-OTHER> 619
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 6,772
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 5
<TOTAL-LIABILITIES> 5
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 6,268
<SHARES-COMMON-STOCK> 384
<SHARES-COMMON-PRIOR> 167
<ACCUMULATED-NII-CURRENT> 303
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 66
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 130
<NET-ASSETS> 6,767
<DIVIDEND-INCOME> 10
<INTEREST-INCOME> 304
<OTHER-INCOME> 0
<EXPENSES-NET> 11
<NET-INVESTMENT-INCOME> 303
<REALIZED-GAINS-CURRENT> 66
<APPREC-INCREASE-CURRENT> 68
<NET-CHANGE-FROM-OPS> 437
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 86
<DISTRIBUTIONS-OF-GAINS> 17
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 294
<NUMBER-OF-SHARES-REDEEMED> 83
<SHARES-REINVESTED> 6
<NET-CHANGE-IN-ASSETS> 4,102
<ACCUMULATED-NII-PRIOR> 86
<ACCUMULATED-GAINS-PRIOR> 17
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 29
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 40
<AVERAGE-NET-ASSETS> 3,531
<PER-SHARE-NAV-BEGIN> 15.99
<PER-SHARE-NII> .68
<PER-SHARE-GAIN-APPREC> 1.43
<PER-SHARE-DIVIDEND> .42
<PER-SHARE-DISTRIBUTIONS> .08
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 17.60
<EXPENSE-RATIO> .31
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000217087
<NAME> SBL FUND
<SERIES>
<NUMBER> 013
<NAME> SERIES V
<MULTIPLIER> 1,000
<CURRENCY> U.S. DOLLARS
<S> <C>
<PERIOD-TYPE> 8-MOS
<FISCAL-YEAR-END> DEC-31-1997
<PERIOD-START> MAY-01-1997
<PERIOD-END> DEC-31-1997
<EXCHANGE-RATE> 1
<INVESTMENTS-AT-COST> 5,778
<INVESTMENTS-AT-VALUE> 6,124
<RECEIVABLES> 43
<ASSETS-OTHER> 335
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 6,502
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 11
<TOTAL-LIABILITIES> 11
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 5,964
<SHARES-COMMON-STOCK> 494
<SHARES-COMMON-PRIOR> 0
<ACCUMULATED-NII-CURRENT> 28
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 153
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 346
<NET-ASSETS> 6,491
<DIVIDEND-INCOME> 29
<INTEREST-INCOME> 7
<OTHER-INCOME> 0
<EXPENSES-NET> 8
<NET-INVESTMENT-INCOME> 28
<REALIZED-GAINS-CURRENT> 153
<APPREC-INCREASE-CURRENT> 346
<NET-CHANGE-FROM-OPS> 527
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 539
<NUMBER-OF-SHARES-REDEEMED> 45
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> 6,491
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 13
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 21
<AVERAGE-NET-ASSETS> 2,708
<PER-SHARE-NAV-BEGIN> 10.00
<PER-SHARE-NII> .12
<PER-SHARE-GAIN-APPREC> 3.01
<PER-SHARE-DIVIDEND> 0
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 13.13
<EXPENSE-RATIO> .40
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000217087
<NAME> SBL FUND
<SERIES>
<NUMBER> 014
<NAME> SERIES X
<MULTIPLIER> 1,000
<CURRENCY> U.S. DOLLARS
<S> <C>
<PERIOD-TYPE> 3-MOS
<FISCAL-YEAR-END> DEC-31-1997
<PERIOD-START> OCT-15-1997
<PERIOD-END> DEC-31-1997
<EXCHANGE-RATE> 1
<INVESTMENTS-AT-COST> 2,382
<INVESTMENTS-AT-VALUE> 2,501
<RECEIVABLES> 76
<ASSETS-OTHER> 385
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 2,962
<PAYABLE-FOR-SECURITIES> 320
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 3
<TOTAL-LIABILITIES> 323
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 2,738
<SHARES-COMMON-STOCK> 275
<SHARES-COMMON-PRIOR> 0
<ACCUMULATED-NII-CURRENT> 4
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (221)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 119
<NET-ASSETS> 2,640
<DIVIDEND-INCOME> 9
<INTEREST-INCOME> 0
<OTHER-INCOME> 0
<EXPENSES-NET> 5
<NET-INVESTMENT-INCOME> 4
<REALIZED-GAINS-CURRENT> (221)
<APPREC-INCREASE-CURRENT> 119
<NET-CHANGE-FROM-OPS> (98)
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 275
<NUMBER-OF-SHARES-REDEEMED> 0
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> 2,640
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 5
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 10
<AVERAGE-NET-ASSETS> 2,409
<PER-SHARE-NAV-BEGIN> 10.00
<PER-SHARE-NII> .01
<PER-SHARE-GAIN-APPREC> (.41)
<PER-SHARE-DIVIDEND> 0
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 9.60
<EXPENSE-RATIO> .98
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>