<PAGE> PAGE 1
000 B000000 12/31/95
000 C000000 0000049975
000 D000000 N
000 E000000 NF
000 F000000 Y
000 G000000 N
000 H000000 N
000 I000000 3.0
000 J000000 U
001 A000000 INA INVESTMENT SECURITIES, INC.
001 B000000 811-2299
001 C000000 2037263700
002 A000000 P. O. BOX 13856
002 B000000 PHILADELPHIA
002 C000000 PA
002 D010000 19192
003 000000 N
004 000000 N
005 000000 N
006 000000 N
007 A000000 N
007 B000000 0
007 C010100 1
007 C010200 2
007 C010300 3
007 C010400 4
007 C010500 5
007 C010600 6
007 C010700 7
007 C010800 8
007 C010900 9
007 C011000 10
022 A000001 STATE STREET BANK & TRUST
022 B000001 04-1867445
022 C000001 257646
022 D000001 640
022 A000002 COMMERCIAL CREDIT CORP
022 B000002 52-0883351
022 C000002 87393
022 D000002 0
022 A000003 FORD MOTOR CREDIT CO.
022 B000003 38-1612444
022 C000003 61401
022 D000003 0
022 A000004 FIRST BOSTON CORP.
022 B000004 13-5659485
022 C000004 25802
022 D000004 26829
022 A000005 HOUSEHOLD FINANCE CORP.
022 B000005 36-1239445
022 C000005 51732
<PAGE> PAGE 2
022 D000005 0
022 A000006 GOLDMAN SACHS & CO.
022 B000006 13-5108880
022 C000006 35420
022 D000006 0
022 A000007 BANKERS TRUST CO.
022 B000007 13-3311934
022 C000007 17028
022 D000007 16396
022 A000008 GREENWICH CAPITAL CORP.
022 B000008 13-2697091
022 C000008 15999
022 D000008 13657
022 A000009 GENERAL ELECTRIC CAPITAL CORP.
022 B000009 13-1500700
022 C000009 16866
022 D000009 0
022 A000010 MERRILL LYNCH PIERCE FENNER
022 B000010 13-5674085
022 C000010 7715
022 D000010 8995
023 C000000 661121
023 D000000 108276
024 000000 N
054 A000000 Y
054 B000000 Y
054 C000000 N
054 D000000 N
054 E000000 N
054 F000000 N
054 G000000 Y
054 H000000 Y
054 I000000 N
054 J000000 Y
054 K000000 N
054 L000000 N
054 M000000 Y
054 N000000 N
054 O000000 N
055 A000000 Y
055 B000000 N
056 000000 Y
057 000000 N
058 A000000 N
059 000000 Y
060 A000000 Y
060 B000000 Y
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062 A000000 Y
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062 C000000 0.0
<PAGE> PAGE 3
062 D000000 0.0
062 E000000 0.0
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062 M000000 26.9
062 N000000 2.8
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062 P000000 65.6
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063 B000000 11.4
064 A000000 N
064 B000000 N
066 A000000 N
067 000000 N
068 A000000 N
068 B000000 N
069 000000 N
070 A010000 Y
070 A020000 N
070 B010000 N
070 B020000 N
070 C010000 N
070 C020000 N
070 D010000 N
070 D020000 N
070 E010000 N
070 E020000 N
070 F010000 N
070 F020000 N
070 G010000 N
070 G020000 N
070 H010000 N
070 H020000 N
070 I010000 N
070 I020000 N
070 J010000 Y
070 J020000 Y
070 K010000 Y
070 K020000 Y
070 L010000 Y
070 L020000 Y
070 M010000 N
070 M020000 N
070 N010000 Y
<PAGE> PAGE 4
070 N020000 N
070 O010000 Y
070 O020000 N
070 P010000 N
070 P020000 N
070 Q010000 N
070 Q020000 N
070 R010000 N
070 R020000 N
071 A000000 135028
071 B000000 134642
071 C000000 85401
071 D000000 158
072 A000000 12
072 B000000 7236
072 C000000 0
072 D000000 0
072 E000000 0
072 F000000 470
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072 H000000 0
072 I000000 74
072 J000000 66
072 K000000 0
072 L000000 70
072 M000000 38
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072 O000000 37
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072 Q000000 0
072 R000000 30
072 S000000 20
072 T000000 0
072 U000000 0
072 V000000 0
072 W000000 83
072 X000000 888
072 Y000000 0
072 Z000000 6348
072AA000000 3489
072BB000000 1933
072CC010000 7735
072CC020000 0
072DD010000 6326
072DD020000 0
072EE000000 0
073 A010000 1.3200
073 A020000 0.0000
073 B000000 0.0000
073 C000000 0.0000
074 A000000 0
<PAGE> PAGE 5
074 B000000 0
074 C000000 2796
074 D000000 89028
074 E000000 0
074 F000000 0
074 G000000 0
074 H000000 0
074 I000000 56
074 J000000 0
074 K000000 0
074 L000000 1839
074 M000000 3
074 N000000 93722
074 O000000 0
074 P000000 110
074 Q000000 0
074 R010000 0
074 R020000 0
074 R030000 0
074 R040000 168
074 S000000 0
074 T000000 93444
074 U010000 4792
074 U020000 0
074 V010000 19.50
074 V020000 0.00
074 W000000 0.0000
074 X000000 11361
074 Y000000 431
075 A000000 0
075 B000000 89362
076 000000 17.38
077 A000000 Y
077 B000000 Y
077 C000000 N
077 D000000 N
077 E000000 N
077 F000000 N
077 G000000 N
077 H000000 N
077 I000000 N
077 J000000 N
077 K000000 N
077 L000000 N
077 M000000 N
077 N000000 N
077 O000000 N
077 P000000 N
077 Q010000 Y
077 Q020000 N
077 Q030000 N
<PAGE> PAGE 6
078 000000 N
080 A000000 NATIONAL UNION FIRE INS CO. OF PITTSBURGH, PA
080 C000000 10000
081 A000000 Y
081 B000000 6
082 A000000 N
082 B000000 0
083 A000000 N
083 B000000 0
084 A000000 N
084 B000000 0
085 A000000 Y
085 B000000 N
087 A010000 COMMON STOCK
087 A020000 449764109
087 A030000 IIS
088 A000000 N
088 B000000 N
088 C000000 N
088 D000000 N
SIGNATURE ALFRED A. BINGHAM III
TITLE TREASURER
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE ANNUAL
REPORT FOR THE YEAR ENDED DECEMBER 31, 1995 AND IS QUALIFIED IN ITS ENTIRETY BY
REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
<MULTIPLIER> 1,000
<S> <C>
<PERIOD-TYPE> YEAR
<FISCAL-YEAR-END> DEC-31-1995
<PERIOD-END> DEC-31-1995
<INVESTMENTS-AT-COST> 87,635
<INVESTMENTS-AT-VALUE> 91,824
<RECEIVABLES> 1,839
<ASSETS-OTHER> 3
<OTHER-ITEMS-ASSETS> 56
<TOTAL-ASSETS> 93,722
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 278
<TOTAL-LIABILITIES> 278
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 89,810
<SHARES-COMMON-STOCK> 4,792
<SHARES-COMMON-PRIOR> 4,792
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 15
<ACCUMULATED-NET-GAINS> (543)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 4,192
<NET-ASSETS> 93,444
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 7,236
<OTHER-INCOME> 0
<EXPENSES-NET> 888
<NET-INVESTMENT-INCOME> 6,348
<REALIZED-GAINS-CURRENT> 1,556
<APPREC-INCREASE-CURRENT> 7,735
<NET-CHANGE-FROM-OPS> 15,639
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 6,326
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 0
<NUMBER-OF-SHARES-REDEEMED> 0
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> 9,313
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> (2,076)
<OVERDISTRIB-NII-PRIOR> 22
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 470
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 888
<AVERAGE-NET-ASSETS> 89,362
<PER-SHARE-NAV-BEGIN> 17.56
<PER-SHARE-NII> 1.32
<PER-SHARE-GAIN-APPREC> 1.94
<PER-SHARE-DIVIDEND> 1.32
<PER-SHARE-DISTRIBUTIONS> 0.00
<RETURNS-OF-CAPITAL> 0.00
<PER-SHARE-NAV-END> 19.50
<EXPENSE-RATIO> 1.00
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>