EQUITRUST SERIES FUND INC
NSAR-B, EX-27, 2000-09-29
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<TABLE> <S> <C>

<ARTICLE> 6
<SERIES>
   <NUMBER> 012
   <NAME> VALUE GROWTH CL I

<S>                             <C>
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<PERIOD-END>                               JUL-31-2000
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<TOTAL-ASSETS>                                64752208
<PAYABLE-FOR-SECURITIES>                             0
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<OTHER-ITEMS-LIABILITIES>                        92955
<TOTAL-LIABILITIES>                              92955
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                     105037501
<SHARES-COMMON-STOCK>                           492959
<SHARES-COMMON-PRIOR>                           562482
<ACCUMULATED-NII-CURRENT>                        43062
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                      (1892646)
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<DIVIDEND-INCOME>                                84951
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<OTHER-INCOME>                                       6
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<NET-INVESTMENT-INCOME>                          66495
<REALIZED-GAINS-CURRENT>                      (420071)
<APPREC-INCREASE-CURRENT>                     (216690)
<NET-CHANGE-FROM-OPS>                         (570266)
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                        49796
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                         100064
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<SHARES-REINVESTED>                               4298
<NET-CHANGE-IN-ASSETS>                       (1168887)
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<EXPENSE-RATIO>                                   1.01


</TABLE>


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