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<PAGE> PAGE 2
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<PAGE> PAGE 3
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<PAGE> PAGE 4
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<PAGE> PAGE 6
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SIGNATURE SUSAN E. BRYANT
TITLE SECRETARY
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000002664
<NAME> AETNA VARIABLE FUND
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> DEC-31-1996
<PERIOD-START> JAN-01-1996
<PERIOD-END> JUN-30-1996
<INVESTMENTS-AT-COST> 4,672,148,605
<INVESTMENTS-AT-VALUE> 6,137,679,616
<RECEIVABLES> 142,188,222
<ASSETS-OTHER> 6,704,889
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 6,286,572,727
<PAYABLE-FOR-SECURITIES> 23,052,189
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 14,435,481
<TOTAL-LIABILITIES> 37,487,670
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 4,410,141,462
<SHARES-COMMON-STOCK> 194,636,309
<SHARES-COMMON-PRIOR> 194,850,885
<ACCUMULATED-NII-CURRENT> 78,071,847
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 283,713,869
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 1,477,157,879
<NET-ASSETS> 6,249,085,057
<DIVIDEND-INCOME> 65,643,283
<INTEREST-INCOME> 8,454,389
<OTHER-INCOME> 0
<EXPENSES-NET> (9,792,135)
<NET-INVESTMENT-INCOME> 64,305,537
<REALIZED-GAINS-CURRENT> 351,990,483
<APPREC-INCREASE-CURRENT> 176,969,640
<NET-CHANGE-FROM-OPS> 593,265,660
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 2,992,309
<NUMBER-OF-SHARES-REDEEMED> (3,206,885)
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> 587,578,451
<ACCUMULATED-NII-PRIOR> 13,766,310
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> (68,276,614)
<GROSS-ADVISORY-FEES> 7,393,394
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 9,792,135
<AVERAGE-NET-ASSETS> 5,982,712,589
<PER-SHARE-NAV-BEGIN> 29.055
<PER-SHARE-NII> 0.331
<PER-SHARE-GAIN-APPREC> 2.721
<PER-SHARE-DIVIDEND> 0
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 32.107
<EXPENSE-RATIO> 0.33
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<AVG-DEBT-PER-SHARE> 0
</TABLE>
AETNA VARIABLE FUND
File No. 811-2514
Attachment for the period ending June 30,1996 (Item 77c)
(a) The Special Meeting of the Shareholders of Aetna Variable
Fund ("the Fund") was held on June 17, 1996.
(b) At the meeting, the following Directors were elected:
Morton Ehrlich
Maria T. Fighetti
David L. Grove
Timothy A. Holt
Daniel P. Kearney
Sidney Koch
Shaun P. Mathews
Corine T. Norgaard
Richard G. Scheide
(c) Shareholders were asked to vote on the following proposals:
1) To elect nine Directors to serve until their successors are elected
and qualified.
AFFIRMATIVE VOTES NEGATIVE VOTES
Morton Ehrlich 161,372,921.976 5,644,516.825
Maria T. Fighetti 160,954,145.997 6,063,292.804
David L. Grove 160,793,454.075 6,223,984.726
Timothy A. Holt 161,309,063.567 5,708,375.234
Daniel P. Kearney 161,063,795.383 5,953,643.418
Sidney Koch 161,306,418.461 5,711,020.340
Shaun P. Mathews 161,204,997.154 5,812,441.647
Corine T. Norgaard 160,946,262.829 6,071,175.972
Richard G. Scheide 161,220,136.748 5,797,302.053
2) Approve or disapprove a Subadvisory Agreement among the Fund,
Aetna Life Insurance and Annuity Company ("Aetna"), and Aetna's
affiliate, Aeltus Investment Management, Inc.
AFFIRMATIVE VOTES NEGATIVE VOTES
146,516,837.359 12,670,364.695
3) Approve or disapprove a new Investment Advisory Agreement between
the Fund and Aetna, the Fund's current investment adviser.
AFFIRMATIVE VOTES NEGATIVE VOTES
135,248,579.260 23,840,886.565
4) Approve or disapprove an amendment to the Fund's Declaration of
Trust to modify the Fund's liability and indemnification provisions.
AFFIRMATIVE VOTES NEGATIVE VOTES
145,455,619.293 12,351,797.126
