SECURITY MUNICIPAL BOND FUND
NSAR-B, 1999-03-01
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008 D010002 NEW YORK
008 D020002 NY
008 D030002 10048
010 A000001 SECURITY MANAGEMENT COMPANY, LLC
010 B000001 84-01497
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010 C040001 0001
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011 B000001 8-10781
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011 C040001 0001
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012 B000001 84-01497
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013 A000001 ERNST & YOUNG LLP
013 B010001 KANSAS CITY
013 B020001 MO
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022 B000001 13-2655998
022 C000001      5206
022 D000001      3930
022 A000002 FIRST UNION BROKERAGE SERVICES, INC
022 B000002 56-1252143
022 C000002      3350
022 D000002      3050
022 A000003 GOLDMAN SACHS AND COMPANY
022 B000003 13-5108880
022 C000003      3647
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022 A000004 FIRST CHICAGO INVESTMENT SERVICES, INC
022 B000004 36-2669970
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022 A000005 HUTCHINSON, SHOCKEY, ERLEY & COMPANY
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<PAGE>      PAGE  9
080 A000000 NATIONAL UNION FIRE INSURANCE COMPANY
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SIGNATURE   AMY J. LEE                                   
TITLE       SECRETARY           



<TABLE> <S> <C>


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<NAME>                               SECURITY MUNICIPAL BOND FUND
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</TABLE>

<TABLE> <S> <C>


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<NAME>                               SECURITY MUNICIPAL BOND FUND
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</TABLE>


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