AMERICAN CAPITAL LIFE INVESTMENT TRUST
NSAR-A, 1995-08-29
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<PAGE>      PAGE  1
000 A000000 06/30/95
000 C000000 0000778536
000 D000000 N
000 E000000 NF
000 F000000 Y
000 G000000 N
000 H000000 N
000 I000000 3.0.a
000 J000000 U
001 A000000 AMERICAN CAPITAL LIFE INVESTMENT TRUST
001 B000000 811-04424
001 C000000 7139930500
002 A000000 2800 POST OAK BLVD
002 B000000 HOUSTON
002 C000000 TX
002 D010000 77056
003  000000 N
004  000000 N
005  000000 N
006  000000 N
007 A000000 Y
007 B000000  5
007 C010100  1
007 C020100 COMMON STOCK PORTFOLIO
007 C030100 N
007 C010200  2
007 C020200 DOMESTIC STRATEGIC INCOME PORTFOLIO
007 C030200 N
007 C010300  3
007 C020300 GOVERNMENT PORTFOLIO
007 C030300 N
007 C010400  4
007 C020400 MONEY MARKET PORTFOLIO
007 C030400 N
007 C010500  5
007 C020500 MULTIPLE STRATEGY PORTFOLIO
007 C030500 N
007 C010600  6
007 C010700  7
007 C010800  8
007 C010900  9
007 C011000 10
008 A00AA01 VANKAMPEN AMERICAN CAPITAL ASSET MANAGEMENT
008 B00AA01 A
008 C00AA01 801-8286
008 D01AA01 HOUSTON
008 D02AA01 TX
008 D03AA01 77056
011 A00AA01 VANKAMPEN AMERICAN CAPITAL DISTRIBUTORS, INC.
011 B00AA01 8-19903
011 C01AA01 HOUSTON
<PAGE>      PAGE  2
011 C02AA01 TX
011 C03AA01 77056
012 A00AA01 ACCESS INVESTOR SERVICES, INC.
012 B00AA01 84-01621
012 C01AA01 KANSAS CITY
012 C02AA01 MO
012 C03AA01 64141
012 C04AA01 9256
013 A00AA01 PRICE WATERHOUSE LLP
013 B01AA01 HOUSTON
013 B02AA01 TX
013 B03AA01 77002
014 A00AA01 DELETE
014 A00AA02 DELETE
015 A00AA01 STATE STREET BANK & TRUST CO.
015 B00AA01 C
015 C01AA01 BOSTON
015 C02AA01 MA
015 C03AA01 02110
015 E01AA01 X
018  00AA00 Y
019 A00AA00 Y
019 B00AA00   34
019 C00AA00 ACFHOUSTON
020 A000001 SALOMON BROTHERS, INC.
020 B000001 13-3082694
020 C000001     21
020 A000002 LEHMAN BROTHERS, INC.
020 B000002 13-2518466
020 C000002     18
020 A000003 MERRIL LYNCH, INC.
020 B000003 13-5674085
020 C000003     17
020 A000004 MORGAN STANLEY & CO., INC.
020 B000004 13-2655998
020 C000004     17
020 A000005 SMITH BARNEY , INC.
020 B000005 13-1912900
020 C000005     17
020 A000006 FIRST BOSTON CORP.
020 B000006 13-5659485
020 C000006     13
020 A000007 GOLDMAN SACHS & CO.
020 B000007 13-5108880
020 C000007     11
020 A000008 PAINE WEBBER GROUP, INC.
020 B000008 13-2638166
020 C000008     11
020 A000009 BROWN (ALEX) & SONS, INC.
020 B000009 52-0256630
020 C000009      6
<PAGE>      PAGE  3
020 A000010 NATWEST SECURITIES CORP.
020 B000010   -----
020 C000010      6
021  000000      242
022 A000001 SBC CAPITAL MARKETS, INC.
022 B000001    -----
022 C000001    895188
022 D000001         0
022 A000002 SALOMON BROTHERS, INC.
022 B000002 13-3082694
022 C000002    830690
022 D000002     15629
022 A000003 LEHMAN BROTHERS, INC.
022 B000003 13-2518466
022 C000003    795135
022 D000003      4909
022 A000004 STATE STREET BANK & TRUST CO.
022 B000004 04-1867445
022 C000004    258495
022 D000004         0
022 A000005 MERRILL LYNCH, INC.
022 B000005 13-5674085
022 C000005     21449
022 D000005     19098
022 A000006 DONALDSON LUFKIN & JENRETTE SECURITIES CORP.
022 B000006 13-2741729
022 C000006     19089
022 D000006     19093
022 A000007 NOMURA SECURITIES INTERNATIONAL, INC.
022 B000007 13-2642206
022 C000007     19439
022 D000007     15878
022 A000008 NATIONSBANK CORP.
022 B000008 75-0520130
022 C000008     19074
022 D000008     14888
022 A000009 GREENWICH CAPITAL MARKETS, INC.
022 B000009 13-2697091
022 C000009     14606
022 D000009     12902
022 A000010 PRUDENTIAL SECURITIES, INC.
022 B000010 22-2347336
022 C000010     14849
022 D000010      7830
023 C000000    2986746
023 D000000     155967
026 A000000 Y
026 B000000 Y
026 C000000 Y
026 D000000 Y
026 E000000 N
<PAGE>      PAGE  4
026 F000000 N
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027  000000 Y
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048 B01AA00   500000
048 B02AA00 0.450
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<PAGE>      PAGE  5
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048 K02AA00 0.400
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051  00AA00 N
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053 B00AA00 Y
053 C00AA00 N
054 A00AA00 Y
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054 C00AA00 N
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 N
054 M00AA00 Y
054 N00AA00 N
054 O00AA00 Y
055 A00AA00 N
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085 A00AA00 Y
085 B00AA00 N
024  000100 Y
<PAGE>      PAGE  6
025 A000101 MORGAN (J.P) & CO., INC.
025 B000101 13-3224016
025 C000101 E
025 D000101     736
025 A000102 LEHMAN GOVERNMENT SECURITIES, INC.
025 B000102 13-2518466
025 C000102 D
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028 G020100       798
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028 G040100     12318
028 H000100         0
062 A000100 N
062 B000100   0.0
062 C000100   0.0
062 D000100   0.0
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062 F000100   0.0
062 G000100   0.0
<PAGE>      PAGE  7
062 H000100   0.0
062 I000100   0.0
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062 K000100   0.0
062 L000100   0.0
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062 O000100   0.0
062 P000100   0.0
062 Q000100   0.0
062 R000100   0.0
066 A000100 Y
066 B000100 N
066 C000100 Y
066 D000100 N
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 Y
070 B010100 N
070 B020100 N
070 C010100 N
070 C020100 N
070 D010100 N
070 D020100 N
070 E010100 N
070 E020100 N
070 F010100 N
070 F020100 N
070 G010100 N
070 G020100 N
070 H010100 N
070 H020100 N
070 I010100 N
070 I020100 N
070 J010100 Y
070 J020100 N
070 K010100 N
070 K020100 N
070 L010100 Y
070 L020100 Y
070 M010100 N
070 M020100 N
070 N010100 Y
070 N020100 N
070 O010100 Y
<PAGE>      PAGE  8
070 O020100 N
070 P010100 Y
070 P020100 N
070 Q010100 N
070 Q020100 N
070 R010100 Y
070 R020100 N
071 A000100     43502
071 B000100     52520
071 C000100     65522
071 D000100   66
072 A000100  6
072 B000100      134
072 C000100      848
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072 F000100      173
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072 H000100        0
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072 J000100        8
072 K000100        0
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072 M000100        5
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072 R000100        7
072 S000100        3
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072 Y000100       33
072 Z000100      775
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072BB000100     1059
072CC010100     8354
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072DD010100       37
072DD020100        0
072EE000100      760
073 A010100   0.0075
073 A020100   0.0000
073 B000100   0.1525
073 C000100   0.0000
074 A000100        1
074 B000100     3440
074 C000100        0
<PAGE>      PAGE  9
074 D000100     2630
074 E000100        0
074 F000100    63040
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074 H000100        0
074 I000100        0
074 J000100     2945
074 K000100        0
074 L000100      334
074 M000100        2
074 N000100    72392
074 O000100      850
074 P000100       40
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074 U010100     4839
074 U020100        0
074 V010100    14.73
074 V020100     0.00
074 W000100   0.0000
074 X000100        5
074 Y000100        0
075 A000100        0
075 B000100    69164
076  000100     0.00
024  000200 Y
025 A000201 LEHMAN GOVERNMENT SECURITIES, INC.
025 B000201 13-2518466
025 C000201 D
025 D000201     295
025 D000202       0
025 D000203       0
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028 B010200       530
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028 B030200         0
028 B040200       959
028 C010200       305
<PAGE>      PAGE  10
028 C020200         0
028 C030200         0
028 C040200       578
028 D010200       367
028 D020200        25
028 D030200         0
028 D040200       544
028 E010200       174
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028 F030200         0
028 F040200       240
028 G010200      5765
028 G020200        25
028 G030200         0
028 G040200      3274
028 H000200         0
062 A000200 Y
062 B000200   0.0
062 C000200   0.0
062 D000200   1.1
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   7.6
062 N000200  11.7
062 O000200   0.0
062 P000200  81.5
062 Q000200   2.8
062 R000200   0.9
063 A000200   0
063 B000200 14.2
064 A000200 N
064 B000200 N
066 A000200 N
067  000200 N
068 A000200 N
068 B000200 N
069  000200 N
070 A010200 Y
070 A020200 Y
070 B010200 N
070 B020200 N
<PAGE>      PAGE  11
070 C010200 N
070 C020200 N
070 D010200 N
070 D020200 N
070 E010200 N
070 E020200 N
070 F010200 N
070 F020200 N
070 G010200 N
070 G020200 N
070 H010200 N
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 Y
070 N020200 N
070 O010200 Y
070 O020200 N
070 P010200 Y
070 P020200 N
070 Q010200 N
070 Q020200 N
070 R010200 Y
070 R020200 N
071 A000200     22006
071 B000200     15963
071 C000200     26088
071 D000200   61
072 A000200  6
072 B000200     1158
072 C000200        3
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072 G000200        0
072 H000200        0
072 I000200        9
072 J000200        2
072 K000200        0
072 L000200        5
072 M000200        5
072 N000200        0
072 O000200        0
<PAGE>      PAGE  12
072 P000200        0
072 Q000200       28
072 R000200       11
072 S000200        3
072 T000200        0
072 U000200        0
072 V000200        0
072 W000200        1
072 X000200      128
072 Y000200       51
072 Z000200     1084
072AA000200      419
072BB000200      233
072CC010200     2015
072CC020200        0
072DD010200       25
072DD020200        0
072EE000200        0
073 A010200   0.0075
073 A020200   0.0000
073 B000200   0.0000
073 C000200   0.0000
074 A000200        2
074 B000200      295
074 C000200        0
074 D000200    28041
074 E000200      183
074 F000200       50
074 G000200        0
074 H000200        0
074 I000200        0
074 J000200      534
074 K000200        0
074 L000200      512
074 M000200        1
074 N000200    29618
074 O000200     2520
074 P000200       14
074 Q000200        0
074 R010200        0
074 R020200        0
074 R030200        0
074 R040200       34
074 S000200        0
074 T000200    27050
074 U010200     3242
074 U020200        0
074 V010200     8.34
074 V020200     0.00
074 W000200   0.0000
074 X000200        4
<PAGE>      PAGE  13
074 Y000200     2054
075 A000200        0
075 B000200    25703
076  000200     0.00
024  000300 Y
025 A000301 LEHMAN GOVERNMENT SECURITIES, INC.
025 B000301 13-2518466
025 C000301 D
025 D000301    1340
025 D000302       0
025 D000303       0
025 D000304       0
025 D000305       0
025 D000306       0
025 D000307       0
025 D000308       0
028 A010300       370
028 A020300       392
028 A030300         0
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028 B010300       306
028 B020300       369
028 B030300         0
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028 C010300       130
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028 C040300      1000
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028 D020300       385
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028 F010300       474
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028 F040300       702
028 G010300      1759
028 G020300      2320
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062 A000300 Y
062 B000300   0.0
062 C000300   0.0
062 D000300   2.0
062 E000300   0.0
062 F000300   0.0
<PAGE>      PAGE  14
062 G000300   0.0
062 H000300   0.0
062 I000300   0.0
062 J000300   0.0
062 K000300   0.0
062 L000300   0.0
062 M000300  31.5
062 N000300  76.1
062 O000300   0.0
062 P000300   0.0
062 Q000300   0.0
062 R000300   0.0
063 A000300   0
063 B000300  6.0
064 A000300 N
064 B000300 N
066 A000300 N
067  000300 N
068 A000300 N
068 B000300 N
069  000300 N
070 A010300 Y
070 A020300 Y
070 B010300 N
070 B020300 N
070 C010300 Y
070 C020300 Y
070 D010300 N
070 D020300 N
070 E010300 Y
070 E020300 Y
070 F010300 N
070 F020300 N
070 G010300 Y
070 G020300 Y
070 H010300 N
070 H020300 N
070 I010300 N
070 I020300 N
070 J010300 Y
070 J020300 N
070 K010300 N
070 K020300 N
070 L010300 N
070 L020300 N
070 M010300 N
070 M020300 N
070 N010300 Y
070 N020300 N
070 O010300 Y
070 O020300 N
<PAGE>      PAGE  15
070 P010300 Y
070 P020300 N
070 Q010300 N
070 Q020300 N
070 R010300 Y
070 R020300 N
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071 D000300  100
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072CC010300     3824
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073 A010300   0.2975
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074 C000300        0
074 D000300    73401
<PAGE>      PAGE  16
074 E000300        0
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074 H000300        0
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074 J000300     6238
074 K000300        0
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074 M000300        2
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074 O000300    13529
074 P000300       34
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074 X000300        3
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075 A000300        0
075 B000300    66408
076  000300     0.00
024  000400 Y
025 A000401 ASSOCIATES CORP. OF NORTH AMERICA
025 B000401    ----
025 C000401 D
025 D000401    1198
025 A000402 GENERAL ELECTRIC CAPITAL CORP.
025 B000402 06-1076552
025 C000402 D
025 D000402    1096
025 A000403 PRUDENTIAL FUNDING CORP.
025 B000403 22-2347336
025 C000403 D
025 D000403    1195
025 A000404 LEHMAN GOVERNMENT SECURITIES, INC.
025 B000404 13-2518466
025 C000404 D
025 D000404    5315
025 A000405 SBC CAPITAL MARKETS, INC.
025 B000405   -----
025 C000405 D
025 D000405    5315
025 D000406       0
<PAGE>      PAGE  17
025 D000407       0
025 D000408       0
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062 A000400 Y
062 B000400   0.0
062 C000400  23.9
062 D000400  43.5
062 E000400   0.0
062 F000400   0.0
062 G000400   0.0
062 H000400   0.0
062 I000400  32.6
062 J000400   0.0
062 K000400   0.0
062 L000400   0.0
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  47
063 B000400  0.0
<PAGE>      PAGE  18
064 A000400 N
064 B000400 N
066 A000400 N
067  000400 N
068 A000400 N
068 B000400 N
069  000400 N
070 A010400 Y
070 A020400 Y
070 B010400 N
070 B020400 N
070 C010400 N
070 C020400 N
070 D010400 N
070 D020400 N
070 E010400 N
070 E020400 N
070 F010400 N
070 F020400 N
070 G010400 N
070 G020400 N
070 H010400 N
070 H020400 N
070 I010400 N
070 I020400 N
070 J010400 Y
070 J020400 N
070 K010400 N
070 K020400 N
070 L010400 Y
070 L020400 N
070 M010400 N
070 M020400 N
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070 N020400 N
070 O010400 Y
070 O020400 N
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070 P020400 N
070 Q010400 N
070 Q020400 N
070 R010400 Y
070 R020400 N
071 A000400         0
071 B000400         0
071 C000400         0
071 D000400    0
072 A000400  6
072 B000400      746
072 C000400        0
072 D000400        0
<PAGE>      PAGE  19
072 E000400        0
072 F000400       62
072 G000400        0
072 H000400        0
072 I000400        9
072 J000400        3
072 K000400        0
072 L000400        3
072 M000400        5
072 N000400        0
072 O000400        0
072 P000400        0
072 Q000400       29
072 R000400        7
072 S000400        3
072 T000400        0
072 U000400        0
072 V000400        0
072 W000400        0
072 X000400      121
072 Y000400       47
072 Z000400      672
072AA000400        0
072BB000400        0
072CC010400        0
072CC020400        0
072DD010400      672
072DD020400        0
072EE000400        0
073 A010400   0.0270
073 A020400   0.0000
073 B000400   0.0000
073 C000400   0.0000
074 A000400        3
074 B000400    10630
074 C000400    13815
074 D000400        0
074 E000400        0
074 F000400        0
074 G000400        0
074 H000400        0
074 I000400        0
074 J000400        0
074 K000400        0
074 L000400       28
074 M000400        1
074 N000400    24477
074 O000400        0
074 P000400       18
074 Q000400        0
074 R010400        0
<PAGE>      PAGE  20
074 R020400        0
074 R030400        0
074 R040400       24
074 S000400        0
074 T000400    24435
074 U010400    24435
074 U020400        0
074 V010400     1.00
074 V020400     0.00
074 W000400   1.0000
074 X000400        4
074 Y000400        0
075 A000400    24913
075 B000400        0
076  000400     0.00
024  000500 Y
025 A000501 MORGAN (J.P) & CO., INC.
025 B000501 13-3224016
025 C000501 E
025 D000501     442
025 A000502 LEHMAN GOVERNMENT SECURITIES, INC.
025 B000502 13-2518466
025 C000502 D
025 D000502    8265
025 A000503 DELETE
025 D000503       0
025 D000504       0
025 D000505       0
025 D000506       0
025 D000507       0
025 D000508       0
028 A010500        18
028 A020500         0
028 A030500         0
028 A040500      1534
028 B010500       454
028 B020500         0
028 B030500         0
028 B040500       608
028 C010500       110
028 C020500         0
028 C030500         0
028 C040500       838
028 D010500       109
028 D020500        68
028 D030500         0
028 D040500       911
028 E010500       117
028 E020500         0
028 E030500         0
028 E040500      1283
<PAGE>      PAGE  21
028 F010500       289
028 F020500         0
028 F030500         0
028 F040500       972
028 G010500      1097
028 G020500        68
028 G030500         0
028 G040500      6146
028 H000500         0
062 A000500 N
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   0.0
062 M000500   0.0
062 N000500   0.0
062 O000500   0.0
062 P000500   0.0
062 Q000500   0.0
062 R000500   0.0
066 A000500 Y
066 B000500 N
066 C000500 N
066 D000500 N
066 E000500 Y
066 F000500 N
066 G000500 N
067  000500 N
068 A000500 N
068 B000500 N
069  000500 N
070 A010500 Y
070 A020500 Y
070 B010500 N
070 B020500 N
070 C010500 N
070 C020500 N
070 D010500 N
070 D020500 N
070 E010500 N
070 E020500 N
070 F010500 N
070 F020500 N
070 G010500 N
<PAGE>      PAGE  22
070 G020500 N
070 H010500 N
070 H020500 N
070 I010500 N
070 I020500 N
070 J010500 Y
070 J020500 N
070 K010500 N
070 K020500 N
070 L010500 Y
070 L020500 Y
070 M010500 Y
070 M020500 N
070 N010500 Y
070 N020500 N
070 O010500 Y
070 O020500 N
070 P010500 Y
070 P020500 N
070 Q010500 N
070 Q020500 N
070 R010500 Y
070 R020500 N
071 A000500     27552
071 B000500     35711
071 C000500     51675
071 D000500   53
072 A000500  6
072 B000500     1041
072 C000500      398
072 D000500        0
072 E000500        0
072 F000500      147
072 G000500        0
072 H000500        0
072 I000500        9
072 J000500       11
072 K000500        0
072 L000500        5
072 M000500        5
072 N000500        0
072 O000500        0
072 P000500        0
072 Q000500       32
072 R000500       12
072 S000500        3
072 T000500        0
072 U000500        0
072 V000500        0
072 W000500        0
072 X000500      224
<PAGE>      PAGE  23
072 Y000500       48
072 Z000500     1263
072AA000500     2533
072BB000500      894
072CC010500     6562
072CC020500        0
072DD010500       41
072DD020500        0
072EE000500       27
073 A010500   0.0075
073 A020500   0.0000
073 B000500   0.0050
073 C000500   0.0000
074 A000500        2
074 B000500     8265
074 C000500        0
074 D000500    15948
074 E000500        0
074 F000500    38410
074 G000500        0
074 H000500        0
074 I000500        0
074 J000500     2072
074 K000500        0
074 L000500      453
074 M000500        0
074 N000500    65150
074 O000500     3950
074 P000500       30
074 Q000500        0
074 R010500        0
074 R020500        0
074 R030500        0
074 R040500      120
074 S000500        0
074 T000500    61050
074 U010500     5206
074 U020500        0
074 V010500    11.73
074 V020500     0.00
074 W000500   0.0000
074 X000500        3
074 Y000500        0
075 A000500        0
075 B000500    58842
076  000500     0.00
SIGNATURE   TANYA LODEN                                  
TITLE       CONTROLLER          
 


<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000778536
<NAME> AC LIFE INVESTMENT TRUST
<SERIES>
   <NUMBER> 1
   <NAME> COMMON STOCK PORTFOLIO
       
<S>                             <C>
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          DEC-31-1995
<PERIOD-START>                             JAN-01-1995
<PERIOD-END>                               JUN-30-1995
<INVESTMENTS-AT-COST>                       61,318,699
<INVESTMENTS-AT-VALUE>                      69,109,911
<RECEIVABLES>                                3,278,805
<ASSETS-OTHER>                                   1,856
<OTHER-ITEMS-ASSETS>                               847
<TOTAL-ASSETS>                              72,391,419
<PAYABLE-FOR-SECURITIES>                       849,564
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                      270,336
<TOTAL-LIABILITIES>                          1,119,900
<SENIOR-EQUITY>                                 48,393
<PAID-IN-CAPITAL-COMMON>                    59,415,422
<SHARES-COMMON-STOCK>                        4,839,261
<SHARES-COMMON-PRIOR>                        5,444,930
<ACCUMULATED-NII-CURRENT>                      752,832
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                      3,263,660
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                     7,791,212
<NET-ASSETS>                                71,271,519
<DIVIDEND-INCOME>                              848,513
<INTEREST-INCOME>                              134,028
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                 207,491
<NET-INVESTMENT-INCOME>                        775,050
<REALIZED-GAINS-CURRENT>                     3,552,959
<APPREC-INCREASE-CURRENT>                    8,354,404
<NET-CHANGE-FROM-OPS>                       12,682,413
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                       37,385
<DISTRIBUTIONS-OF-GAINS>                       760,158
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                        255,130
<NUMBER-OF-SHARES-REDEEMED>                    919,572
<SHARES-REINVESTED>                             58,773
<NET-CHANGE-IN-ASSETS>                       3,799,597
<ACCUMULATED-NII-PRIOR>                         15,167
<ACCUMULATED-GAINS-PRIOR>                      470,859
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                          172,909
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                240,359
<AVERAGE-NET-ASSETS>                        69,163,538
<PER-SHARE-NAV-BEGIN>                            12.39
<PER-SHARE-NII>                                    .16
<PER-SHARE-GAIN-APPREC>                           2.34
<PER-SHARE-DIVIDEND>                              .008
<PER-SHARE-DISTRIBUTIONS>                         .152
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              14.73
<EXPENSE-RATIO>                                    .60
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
<FN>
<F1>
EXPENSE RATIO IS ANNUALIZED
</FN>
        


</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000778536
<NAME> AC LIFE INVESTMENT TRUST
<SERIES>
   <NUMBER> 2
   <NAME> DOMESTIC STRATEGIC PORTFOLIO
       
<S>                             <C>
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          DEC-31-1995
<PERIOD-START>                             JAN-01-1995
<PERIOD-END>                               JUN-30-1995
<INVESTMENTS-AT-COST>                       27,717,166
<INVESTMENTS-AT-VALUE>                      28,568,762
<RECEIVABLES>                                1,046,153
<ASSETS-OTHER>                                   1,132
<OTHER-ITEMS-ASSETS>                             2,049
<TOTAL-ASSETS>                              29,618,096
<PAYABLE-FOR-SECURITIES>                     2,519,583
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                       48,030
<TOTAL-LIABILITIES>                          2,567,613
<SENIOR-EQUITY>                                 32,420
<PAID-IN-CAPITAL-COMMON>                    27,167,842
<SHARES-COMMON-STOCK>                        3,241,975
<SHARES-COMMON-PRIOR>                        2,894,700
<ACCUMULATED-NII-CURRENT>                    1,070,870
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                    (2,072,245)
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                       851,596
<NET-ASSETS>                                27,050,483
<DIVIDEND-INCOME>                                3,265
<INTEREST-INCOME>                            1,157,866
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                  77,108
<NET-INVESTMENT-INCOME>                      1,084,023
<REALIZED-GAINS-CURRENT>                       186,264
<APPREC-INCREASE-CURRENT>                    2,014,847
<NET-CHANGE-FROM-OPS>                        3,285,134
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                       24,775
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                        767,791
<NUMBER-OF-SHARES-REDEEMED>                    423,688
<SHARES-REINVESTED>                              3,172
<NET-CHANGE-IN-ASSETS>                       5,776,514
<ACCUMULATED-NII-PRIOR>                         11,622
<ACCUMULATED-GAINS-PRIOR>                  (2,258,509)
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                           64,257
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                128,156
<AVERAGE-NET-ASSETS>                        25,702,682
<PER-SHARE-NAV-BEGIN>                             7.35
<PER-SHARE-NII>                                    .33
<PER-SHARE-GAIN-APPREC>                           .668
<PER-SHARE-DIVIDEND>                              .008
<PER-SHARE-DISTRIBUTIONS>                            0
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                               8.34
<EXPENSE-RATIO>                                    .60
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
<FN>
<F1>
EXPENSE RATIO IS ANNUALIZED
</FN>
        


</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000778536
<NAME> AC LIFE INVESTMENT TRUST
<SERIES>
   <NUMBER> 3
   <NAME> GOVERNMENT PORTFOLIO
       
<S>                             <C>
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          DEC-31-1995
<PERIOD-START>                             JAN-01-1995
<PERIOD-END>                               JUN-30-1995
<INVESTMENTS-AT-COST>                       73,291,354
<INVESTMENTS-AT-VALUE>                      74,741,030
<RECEIVABLES>                                7,104,718
<ASSETS-OTHER>                                   1,571
<OTHER-ITEMS-ASSETS>                             2,002
<TOTAL-ASSETS>                              81,849,321
<PAYABLE-FOR-SECURITIES>                    13,529,294
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                      110,919
<TOTAL-LIABILITIES>                         13,640,213
<SENIOR-EQUITY>                                 77,386
<PAID-IN-CAPITAL-COMMON>                    81,072,017
<SHARES-COMMON-STOCK>                        7,738,562
<SHARES-COMMON-PRIOR>                        7,914,930
<ACCUMULATED-NII-CURRENT>                       17,814
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                   (14,473,605)
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                     1,515,496
<NET-ASSETS>                                68,209,108
<DIVIDEND-INCOME>                                    0
<INTEREST-INCOME>                            2,540,909
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                 199,224
<NET-INVESTMENT-INCOME>                      2,341,685
<REALIZED-GAINS-CURRENT>                       313,438
<APPREC-INCREASE-CURRENT>                    3,823,904
<NET-CHANGE-FROM-OPS>                        6,479,027
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                    2,319,734
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                        204,427
<NUMBER-OF-SHARES-REDEEMED>                    649,813
<SHARES-REINVESTED>                            269,018
<NET-CHANGE-IN-ASSETS>                       2,695,847
<ACCUMULATED-NII-PRIOR>                        (4,137)
<ACCUMULATED-GAINS-PRIOR>                 (14,787,043)
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                          166,020
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                243,445
<AVERAGE-NET-ASSETS>                        66,407,858
<PER-SHARE-NAV-BEGIN>                             8.28
<PER-SHARE-NII>                                    .30
<PER-SHARE-GAIN-APPREC>                           .528
<PER-SHARE-DIVIDEND>                              .298
<PER-SHARE-DISTRIBUTIONS>                            0
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                               8.81
<EXPENSE-RATIO>                                    .60
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
<FN>
<F1>
EXPENSE RATIO IS ANNUALIZED
</FN>
        


</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000778536
<NAME> AC LIFE INVESTMENT TRUST
<SERIES>
   <NUMBER> 4
   <NAME> MONEY MARKET PORTFOLIO
       
<S>                             <C>
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          DEC-31-1995
<PERIOD-START>                             JAN-01-1995
<PERIOD-END>                               JUN-30-1995
<INVESTMENTS-AT-COST>                       24,445,279
<INVESTMENTS-AT-VALUE>                      24,445,279
<RECEIVABLES>                                   28,166
<ASSETS-OTHER>                                   1,120
<OTHER-ITEMS-ASSETS>                             2,663
<TOTAL-ASSETS>                              24,477,228
<PAYABLE-FOR-SECURITIES>                             0
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                       41,991
<TOTAL-LIABILITIES>                             41,991
<SENIOR-EQUITY>                                244,354
<PAID-IN-CAPITAL-COMMON>                    24,191,049
<SHARES-COMMON-STOCK>                       24,435,403
<SHARES-COMMON-PRIOR>                       28,547,478
<ACCUMULATED-NII-CURRENT>                        (166)
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                              0
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                             0
<NET-ASSETS>                                24,435,237
<DIVIDEND-INCOME>                                    0
<INTEREST-INCOME>                              746,404
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                  74,740
<NET-INVESTMENT-INCOME>                        671,664
<REALIZED-GAINS-CURRENT>                             0
<APPREC-INCREASE-CURRENT>                            0
<NET-CHANGE-FROM-OPS>                          671,664
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                      672,027
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                      6,596,311
<NUMBER-OF-SHARES-REDEEMED>                 11,380,413
<SHARES-REINVESTED>                            672,027
<NET-CHANGE-IN-ASSETS>                     (4,112,438)
<ACCUMULATED-NII-PRIOR>                            197
<ACCUMULATED-GAINS-PRIOR>                            0
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                           62,283
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                150,239
<AVERAGE-NET-ASSETS>                        24,913,389
<PER-SHARE-NAV-BEGIN>                             1.00
<PER-SHARE-NII>                                   .027
<PER-SHARE-GAIN-APPREC>                              0
<PER-SHARE-DIVIDEND>                              .027
<PER-SHARE-DISTRIBUTIONS>                            0
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                               1.00
<EXPENSE-RATIO>                                    .60
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
<FN>
<F1>
EXPENSE RATIO IS ANNUALIZED
</FN>
        


</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000778536
<NAME> AC LIFE INVESTMENT TRUST
<SERIES>
   <NUMBER> 5
   <NAME> MULTIPLE STRATEGY PORTFOLIO
       
<S>                             <C>
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          DEC-31-1995
<PERIOD-START>                             JAN-01-1995
<PERIOD-END>                               JUN-30-1995
<INVESTMENTS-AT-COST>                       57,948,506
<INVESTMENTS-AT-VALUE>                      62,622,724
<RECEIVABLES>                                2,524,967
<ASSETS-OTHER>                                     567
<OTHER-ITEMS-ASSETS>                             1,702
<TOTAL-ASSETS>                              65,149,960
<PAYABLE-FOR-SECURITIES>                     3,949,523
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                      150,322
<TOTAL-LIABILITIES>                          4,099,845
<SENIOR-EQUITY>                                 52,062
<PAID-IN-CAPITAL-COMMON>                    53,658,822
<SHARES-COMMON-STOCK>                        5,206,212
<SHARES-COMMON-PRIOR>                        5,668,898
<ACCUMULATED-NII-CURRENT>                    1,236,378
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                      1,428,635
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                     4,674,218
<NET-ASSETS>                                61,050,115
<DIVIDEND-INCOME>                              397,890
<INTEREST-INCOME>                            1,041,211
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                 176,524
<NET-INVESTMENT-INCOME>                      1,262,577
<REALIZED-GAINS-CURRENT>                     1,638,514
<APPREC-INCREASE-CURRENT>                    6,561,607
<NET-CHANGE-FROM-OPS>                        9,462,698
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                       40,666
<DISTRIBUTIONS-OF-GAINS>                        27,111
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                        100,399
<NUMBER-OF-SHARES-REDEEMED>                    569,332
<SHARES-REINVESTED>                              6,247
<NET-CHANGE-IN-ASSETS>                       4,414,182
<ACCUMULATED-NII-PRIOR>                         14,467
<ACCUMULATED-GAINS-PRIOR>                    (182,768)
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                     106,886
<GROSS-ADVISORY-FEES>                          147,104
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                224,439
<AVERAGE-NET-ASSETS>                        58,841,523
<PER-SHARE-NAV-BEGIN>                             9.99
<PER-SHARE-NII>                                    .24                 
<PER-SHARE-GAIN-APPREC>                          1.513
<PER-SHARE-DIVIDEND>                              .008
<PER-SHARE-DISTRIBUTIONS>                         .005
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              11.73
<EXPENSE-RATIO>                                    .60
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
<FN>
<F1>
EXPENSE RATIO IS ANNUALIZED
</FN>
        


</TABLE>


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