IDEX SERIES FUND
NSAR-A, 1997-06-27
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<PAGE>      PAGE  1
000 A000000 04/30/97
000 C000000 0000787623
000 D000000 N
000 E000000 NF
000 F000000 Y
000 G000000 N
000 H000000 N
000 I000000 3.0
000 J000000 U
001 A000000 IDEX SERIES FUND
001 B000000 811-4556
001 C000000 8135856565
002 A000000 201 HIGHLAND AVENUE
002 B000000 LARGO
002 C000000 FL
002 D010000 34640
003  000000 N
004  000000 N
005  000000 N
006  000000 N
007 A000000 Y
007 B000000 13
007 C010100  1
007 C020100 IDEX GROWTH PORTFOLIO
007 C030100 N
007 C010200  2
007 C020200 IDEX TAX-EXEMPT PORTFOLIO
007 C030200 N
007 C010300  3
007 C020300 IDEX INCOME PLUS PORTFOLIO
007 C030300 N
007 C010400  4
007 C020400 IDEX GLOBAL PORTFOLIO
007 C030400 N
007 C010500  5
007 C020500 IDEX FLEXILE INCOME PORTFOLIO
007 C030500 N
007 C010600  6
007 C020600 IDEX AGGRESSIVE GROWTH PORTFOLIO
007 C030600 N
007 C010700  7
007 C020700 IDEX CAPITAL APPRECIATION PORTFOLIO
007 C030700 N
007 C010800  8
007 C020800 IDEX STRATEGIC TOTAL RETURN PORTFOLIO
007 C030800 N
007 C010900  9
007 C020900 IDEX BALANCED PORTFOLIO
007 C030900 N
007 C011000 10
007 C021000 IDEX TACTICAL ASSET ALLOCATION PORTFOLIO
<PAGE>      PAGE  2
007 C031000 N
007 C011100 11
007 C021100 IDEX C.A.S.E. PORTFOLIO
007 C031100 N
007 C011200 12
007 C021200 IDEX INTERNATIONAL EQUITY PORTFOLIO
007 C031200 N
007 C011300 13
007 C021300 IDEX VALUE EQUITY PORTFOLIO
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007 C011400 14
007 C011500 15
007 C011600 16
007 C011700 17
007 C011800 18
007 C011900 19
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008 D01AA01 LARGO
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008 A00AA02 IDEX MANAGEMENT, INC.
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008 D03AA02 34640
008 A00AA03 JANUS CAPITAL CORP
008 B00AA03 S
008 C00AA03 801-13991
008 D01AA03 DENVER
008 D02AA03 CO
008 D03AA03 80206
008 A00AA04 DEAN INVESTMENT ASSOCIATES
008 B00AA04 S
008 C00AA04 801-98959
008 D01AA04 DAYTON
008 D02AA04 OH
008 D03AA04 45423
008 A00AA05 FRED ALGER MANAGEMENT, INC.
008 B00AA05 S
008 C00AA05 801-06709
008 D01AA05 JERSEY CITY
008 D02AA05 NJ
008 D03AA05 07302
008 A00AA06 LUTHER KING CAPITAL MANAGEMENT CORPORATION
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<PAGE>      PAGE  3
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008 A00AA07 AEGON USA INVESTMENT MANAGEMENT, INC.
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008 D03AA08 33431
008 A00AA09 NWQ INVESTMENT MANAGEMENT COMPANY, INC
008 B00AA09 S
008 C00AA09 801-42159
008 D01AA09 LOS ANGELES
008 D02AA09 CA
008 D03AA09 90017
008 A00AA10 SCOTTISH EQUITABLE INVESTMENT MANAGEMENT LTD
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008 D01AA10 EDINBURGH
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008 A00AA11 GE INVESTMENT MANAGEMENT INCORPORATED
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011 A00AA01 INTERSECURITIES, INC.
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011 C02AA01 FL
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011 C04AA01 2597
012 A00AA01 IDEX INVESTOR SERVICES, INC.
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014 A00AA01 AEGON USA SECURITIES, INC.
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014 A00AA02 FRED ALGER AND COMPANY, INC.
<PAGE>      PAGE  4
014 B00AA02 8-15900
014 A00AA03 ZAHORIK, INC.
014 B00AA03 8-17285
014 A00AA04 MARINER FINANCIAL, INC.
014 B00AA04 8-17574
014 A00AA05 INTERSECUTIES, INC.
014 B00AA05 8-33249
014 A00AA06 FIDUCIARY FINANCIAL SERVICES, INC.
014 B00AA06 8-13594
014 A00AA07 DST SECURITIES, INC.
014 B00AA07 8-24385
014 A00AA08 DIVERSIFIED INVESTORS SECURITIES CORPORATION
014 B00AA08 8-45671
014 A00AA09 FEDERATED SECURITIES, INC.
014 B00AA09 8-15561
015 A00AA01 INVESTORS FIDUCIARY TRUST COMPANY
015 B00AA01 C
015 C01AA01 KANSAS CITY
015 C02AA01 MO
015 C03AA01 64105
015 E01AA01 X
015 A00AA02 THE CHASE MANHATTAN BANK NA
015 B00AA02 S
015 C01AA02 NEW YORK
015 C02AA02 NY
015 C03AA02 10036
015 E04AA02 X
018  00AA00 Y
019 A00AA00 Y
019 B00AA00   13
019 C00AA00 IDEXGROUPE
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<PAGE>      PAGE  5
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<PAGE>      PAGE  6
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<PAGE>      PAGE  7
025 D000105       0
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<PAGE>      PAGE  8
045  000100 Y
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<PAGE>      PAGE  9
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<PAGE>      PAGE  10
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<PAGE>      PAGE  11
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024  000200 N
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<PAGE>      PAGE  12
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<PAGE>      PAGE  13
053 B000200 Y
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064 A000200 Y
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067  000200 N
068 A000200 N
068 B000200 N
069  000200 N
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070 A020200 N
070 B010200 N
070 B020200 N
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
<PAGE>      PAGE  14
070 J010200 N
070 J020200 N
070 K010200 N
070 K020200 N
070 L010200 N
070 L020200 N
070 M010200 N
070 M020200 N
070 N010200 N
070 N020200 N
070 O010200 N
070 O020200 N
070 P010200 N
070 P020200 N
070 Q010200 N
070 Q020200 N
070 R010200 N
070 R020200 N
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<PAGE>      PAGE  15
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<PAGE>      PAGE  16
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<PAGE>      PAGE  17
047  000300 Y
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<PAGE>      PAGE  18
063 A000300   0
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<PAGE>      PAGE  19
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<PAGE>      PAGE  20
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<PAGE>      PAGE  23
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<PAGE>      PAGE  24
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<PAGE>      PAGE  55
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074 V021100     0.00
074 W001100   0.0000
074 X001100      944
074 Y001100        0
075 A001100        0
075 B001100     4251
076  001100     0.00
024  001200 N
028 A011200         0
028 A021200         0
028 A031200         0
028 A041200         0
028 B011200         0
028 B021200         0
028 B031200         0
028 B041200         0
028 C011200         0
028 C021200         0
028 C031200         0
028 C041200         0
028 D011200      1115
028 D021200         0
028 D031200         0
028 D041200         0
028 E011200       113
028 E021200         0
028 E031200         0
028 E041200         6
028 F011200       257
028 F021200         0
028 F031200         0
028 F041200         1
<PAGE>      PAGE  57
028 G011200      1485
028 G021200         0
028 G031200         0
028 G041200         7
028 H001200        70
029  001200 Y
030 A001200      6
030 B001200  5.50
030 C001200  0.00
031 A001200      1
031 B001200      0
032  001200      2
033  001200      3
042 A001200   0
042 B001200   0
042 C001200   0
042 D001200  70
042 E001200   0
042 F001200   0
042 G001200   0
042 H001200  30
043  001200      1
044  001200      0
045  001200 Y
046  001200 N
047  001200 Y
048  001200  0.000
048 A011200   750000
048 A021200 1.000
048 B011200   250000
048 B021200 0.900
048 C011200        0
048 C021200 0.000
048 D011200        0
048 D021200 0.000
048 E011200        0
048 E021200 0.000
048 F011200        0
048 F021200 0.000
048 G011200        0
048 G021200 0.000
048 H011200        0
048 H021200 0.000
048 I011200        0
048 I021200 0.000
048 J011200        0
048 J021200 0.000
048 K011200  1000000
048 K021200 0.850
049  001200 N
050  001200 N
<PAGE>      PAGE  58
051  001200 N
052  001200 N
053 A001200 Y
053 B001200 Y
053 C001200 N
055 A001200 Y
055 B001200 N
056  001200 N
057  001200 N
062 A001200 N
062 B001200   0.0
062 C001200   0.0
062 D001200   0.0
062 E001200   0.0
062 F001200   0.0
062 G001200   0.0
062 H001200   0.0
062 I001200   0.0
062 J001200   0.0
062 K001200   0.0
062 L001200   0.0
062 M001200   0.0
062 N001200   0.0
062 O001200   0.0
062 P001200   0.0
062 Q001200   0.0
062 R001200   0.0
066 A001200 Y
066 B001200 N
066 C001200 N
066 D001200 Y
066 E001200 N
066 F001200 N
066 G001200 N
067  001200 N
068 A001200 N
068 B001200 N
069  001200 N
070 A011200 Y
070 A021200 Y
070 B011200 Y
070 B021200 N
070 C011200 Y
070 C021200 N
070 D011200 Y
070 D021200 N
070 E011200 Y
070 E021200 N
070 F011200 Y
070 F021200 N
070 G011200 Y
<PAGE>      PAGE  59
070 G021200 N
070 H011200 Y
070 H021200 N
070 I011200 N
070 I021200 N
070 J011200 Y
070 J021200 Y
070 K011200 Y
070 K021200 N
070 L011200 Y
070 L021200 Y
070 M011200 Y
070 M021200 Y
070 N011200 Y
070 N021200 N
070 O011200 Y
070 O021200 N
070 P011200 N
070 P021200 N
070 Q011200 N
070 Q021200 N
070 R011200 N
070 R021200 N
071 A001200      1415
071 B001200        61
071 C001200      1138
071 D001200    5
072 A001200  3
072 B001200        2
072 C001200        5
072 D001200        0
072 E001200        0
072 F001200        1
072 G001200        2
072 H001200        0
072 I001200        2
072 J001200        1
072 K001200        0
072 L001200        0
072 M001200        0
072 N001200        7
072 O001200        0
072 P001200        0
072 Q001200        0
072 R001200        0
072 S001200        0
072 T001200        1
072 U001200        0
072 V001200        0
072 W001200        0
072 X001200       14
<PAGE>      PAGE  60
072 Y001200       10
072 Z001200        3
072AA001200       14
072BB001200        0
072CC011200       19
072CC021200        0
072DD011200        0
072DD021200        0
072EE001200        0
073 A011200   0.0000
073 A021200   0.0000
073 B001200   0.0000
073 C001200   0.0000
074 A001200       17
074 B001200       59
074 C001200      113
074 D001200        0
074 E001200       14
074 F001200     1359
074 G001200        0
074 H001200        0
074 I001200        3
074 J001200        1
074 K001200        0
074 L001200       11
074 M001200        0
074 N001200     1577
074 O001200       57
074 P001200        2
074 Q001200        0
074 R011200        0
074 R021200        0
074 R031200        0
074 R041200        4
074 S001200        0
074 T001200     1514
074 U011200      144
074 U021200        3
074 V011200     0.00
074 V021200     0.00
074 W001200   0.0000
074 X001200      241
074 Y001200        0
075 A001200        0
075 B001200     1205
076  001200     0.00
024  001300 Y
025 A001301 BEAR STEARNS COMPANIES INC
025 B001301 13-3793124
025 C001301 E
025 D001301      37
<PAGE>      PAGE  61
025 D001302       0
025 D001303       0
025 D001304       0
025 D001305       0
025 D001306       0
025 D001307       0
025 D001308       0
028 A011300         0
028 A021300         0
028 A031300         0
028 A041300         0
028 B011300         0
028 B021300         0
028 B031300         0
028 B041300         0
028 C011300         0
028 C021300         0
028 C031300         0
028 C041300         0
028 D011300      2028
028 D021300         0
028 D031300         0
028 D041300        11
028 E011300      1255
028 E021300         0
028 E031300         0
028 E041300        53
028 F011300       773
028 F021300         0
028 F031300         0
028 F041300        64
028 G011300      4056
028 G021300         0
028 G031300         0
028 G041300       128
028 H001300       839
029  001300 Y
030 A001300     28
030 B001300  5.50
030 C001300  0.00
031 A001300      3
031 B001300      0
032  001300      8
033  001300     17
042 A001300   0
042 B001300   0
042 C001300   0
042 D001300  70
042 E001300   0
042 F001300   0
042 G001300   0
<PAGE>      PAGE  62
042 H001300  30
043  001300      5
044  001300      0
045  001300 Y
046  001300 N
047  001300 Y
048  001300  0.000
048 A011300   750000
048 A021300 1.000
048 B011300   250000
048 B021300 0.900
048 C011300        0
048 C021300 0.000
048 D011300        0
048 D021300 0.000
048 E011300        0
048 E021300 0.000
048 F011300        0
048 F021300 0.000
048 G011300        0
048 G021300 0.000
048 H011300        0
048 H021300 0.000
048 I011300        0
048 I021300 0.000
048 J011300        0
048 J021300 0.000
048 K011300  1000000
048 K021300 0.850
049  001300 N
050  001300 N
051  001300 N
052  001300 N
053 A001300 Y
053 B001300 Y
053 C001300 N
055 A001300 N
055 B001300 N
056  001300 N
057  001300 N
062 A001300 N
062 B001300   0.0
062 C001300   0.0
062 D001300   0.0
062 E001300   0.0
062 F001300   0.0
062 G001300   0.0
062 H001300   0.0
062 I001300   0.0
062 J001300   0.0
062 K001300   0.0
<PAGE>      PAGE  63
062 L001300   0.0
062 M001300   0.0
062 N001300   0.0
062 O001300   0.0
062 P001300   0.0
062 Q001300   0.0
062 R001300   0.0
066 A001300 Y
066 B001300 N
066 C001300 N
066 D001300 Y
066 E001300 N
066 F001300 N
066 G001300 N
067  001300 N
068 A001300 N
068 B001300 N
069  001300 N
070 A011300 Y
070 A021300 N
070 B011300 Y
070 B021300 N
070 C011300 Y
070 C021300 N
070 D011300 Y
070 D021300 N
070 E011300 Y
070 E021300 N
070 F011300 Y
070 F021300 N
070 G011300 Y
070 G021300 N
070 H011300 Y
070 H021300 N
070 I011300 N
070 I021300 N
070 J011300 Y
070 J021300 N
070 K011300 Y
070 K021300 Y
070 L011300 Y
070 L021300 Y
070 M011300 Y
070 M021300 N
070 N011300 Y
070 N021300 N
070 O011300 Y
070 O021300 N
070 P011300 N
070 P021300 N
070 Q011300 N
<PAGE>      PAGE  64
070 Q021300 N
070 R011300 N
070 R021300 N
071 A001300      3055
071 B001300        22
071 C001300      2208
071 D001300    1
072 A001300  3
072 B001300       10
072 C001300        5
072 D001300        0
072 E001300        0
072 F001300        3
072 G001300        3
072 H001300        0
072 I001300        3
072 J001300        3
072 K001300        0
072 L001300        0
072 M001300        0
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072 O001300        0
072 P001300        0
072 Q001300        0
072 R001300        0
072 S001300        0
072 T001300        4
072 U001300        0
072 V001300        0
072 W001300        1
072 X001300       31
072 Y001300       20
072 Z001300        4
072AA001300        0
072BB001300        2
072CC011300       37
072CC021300        0
072DD011300        0
072DD021300        0
072EE001300        0
073 A011300   0.0000
073 A021300   0.0000
073 B001300   0.0000
073 C001300   0.0000
074 A001300        9
074 B001300      584
074 C001300      298
074 D001300        0
074 E001300        0
074 F001300     3069
074 G001300        0
<PAGE>      PAGE  65
074 H001300        0
074 I001300        0
074 J001300        9
074 K001300        0
074 L001300       17
074 M001300        0
074 N001300     3986
074 O001300        0
074 P001300        6
074 Q001300        0
074 R011300        0
074 R021300        0
074 R031300        0
074 R041300       13
074 S001300        0
074 T001300     3967
074 U011300      343
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074 X001300      533
074 Y001300        0
SIGNATURE   CHRISTOPHER G ROETZER
TITLE       AVP & PRIN ACCT OFF



<TABLE> <S> <C>

<ARTICLE> 6
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY INFORMATION EXTRACTED FROM
THE FINANCIAL STATEMENTS OF IDEX SERIES FUND AGGRESSIVE GROWTH
PORTFOLIO FOR THE PERIOD ENDED APRIL 30, 1997, AND IS QUALIFIED
IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
<CIK>  0000787623
<NAME>  IDEX SERIES FUND
<SERIES>
   <NUMBER> 061
   <NAME> AGGRESSIVE GROWTH PORTFOLIO/CLASS A
<MULTIPLIER> 1,000
<CURRENCY>  U.S. DOLLARS
       
<S>                                       <C>
<PERIOD-TYPE>                                   6-MOS
<FISCAL-YEAR-END>                        OCT-31-1996
<PERIOD-END>                              APR-30-1997
<EXCHANGE-RATE>                                     1
<INVESTMENTS-AT-COST>                          26,123
<INVESTMENTS-AT-VALUE>                         29,424
<RECEIVABLES>                                     189
<ASSETS-OTHER>                                     46
<OTHER-ITEMS-ASSETS>                                0
<TOTAL-ASSETS>                                 29,659
<PAYABLE-FOR-SECURITIES>                          354
<SENIOR-LONG-TERM-DEBT>                             0
<OTHER-ITEMS-LIABILITIES>                          48
<TOTAL-LIABILITIES>                               402
<SENIOR-EQUITY>                                     0
<PAID-IN-CAPITAL-COMMON>                       27,384
<SHARES-COMMON-STOCK>                           1,510
<SHARES-COMMON-PRIOR>                           1,397
<ACCUMULATED-NII-CURRENT>                       (166)
<OVERDISTRIBUTION-NII>                              0
<ACCUMULATED-NET-GAINS>                       (1,262)
<OVERDISTRIBUTION-GAINS>                            0
<ACCUM-APPREC-OR-DEPREC>                        3,301
<NET-ASSETS>                                   29,257
<DIVIDEND-INCOME>                                  91
<INTEREST-INCOME>                                  18
<OTHER-INCOME>                                      0
<EXPENSES-NET>                                    274
<NET-INVESTMENT-INCOME>                         (165)
<REALIZED-GAINS-CURRENT>                        1,320
<APPREC-INCREASE-CURRENT>                       (199)
<NET-CHANGE-FROM-OPS>                             956
<EQUALIZATION>                                      0
<DISTRIBUTIONS-OF-INCOME>                           0
<DISTRIBUTIONS-OF-GAINS>                        1,127
<DISTRIBUTIONS-OTHER>                               0
<NUMBER-OF-SHARES-SOLD>                         5,660
<NUMBER-OF-SHARES-REDEEMED>                     4,731
<SHARES-REINVESTED>                               932
<NET-CHANGE-IN-ASSETS>                          3,198
<ACCUMULATED-NII-PRIOR>                           (1)
<ACCUMULATED-GAINS-PRIOR>                     (1,455)
<OVERDISTRIB-NII-PRIOR>                             0
<OVERDIST-NET-GAINS-PRIOR>                          0
<GROSS-ADVISORY-FEES>                             140
<INTEREST-EXPENSE>                                  0
<GROSS-EXPENSE>                                   370
<AVERAGE-NET-ASSETS>                           23,360
<PER-SHARE-NAV-BEGIN>                           15.70
<PER-SHARE-NII>                                (0.07)
<PER-SHARE-GAIN-APPREC>                          0.71
<PER-SHARE-DIVIDEND>                                0
<PER-SHARE-DISTRIBUTIONS>                        0.67
<RETURNS-OF-CAPITAL>                                0
<PER-SHARE-NAV-END>                             15.67
<EXPENSE-RATIO>                                  1.85
<AVG-DEBT-OUTSTANDING>                              0
<AVG-DEBT-PER-SHARE>                                0
        

</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY INFORMATION EXTRACTED FROM
THE FINANCIAL STATEMENTS OF IDEX SERIES FUND AGGRESSIVE GROWTH
PORTFOLIO FOR THE PERIOD ENDED APRIL 30, 1997, AND IS QUALIFIED
IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
<CIK>  0000787623
<NAME>  IDEX SERIES FUND
<SERIES>
   <NUMBER> 062
   <NAME> AGGRESSIVE GROWTH PORTFOLIO/CLASS B
<MULTIPLIER> 1,000
<CURRENCY>  U.S. DOLLARS
       
<S>                                       <C>
<PERIOD-TYPE>                                   6-MOS
<FISCAL-YEAR-END>                        OCT-31-1996
<PERIOD-END>                              APR-30-1997
<EXCHANGE-RATE>                                     1
<INVESTMENTS-AT-COST>                          26,123
<INVESTMENTS-AT-VALUE>                         29,424
<RECEIVABLES>                                     189
<ASSETS-OTHER>                                     46
<OTHER-ITEMS-ASSETS>                                0
<TOTAL-ASSETS>                                 29,659
<PAYABLE-FOR-SECURITIES>                          354
<SENIOR-LONG-TERM-DEBT>                             0
<OTHER-ITEMS-LIABILITIES>                          48
<TOTAL-LIABILITIES>                               402
<SENIOR-EQUITY>                                     0
<PAID-IN-CAPITAL-COMMON>                       27,384
<SHARES-COMMON-STOCK>                             197
<SHARES-COMMON-PRIOR>                             128
<ACCUMULATED-NII-CURRENT>                       (166)
<OVERDISTRIBUTION-NII>                              0
<ACCUMULATED-NET-GAINS>                       (1,262)
<OVERDISTRIBUTION-GAINS>                            0
<ACCUM-APPREC-OR-DEPREC>                        3,301
<NET-ASSETS>                                   29,257
<DIVIDEND-INCOME>                                  91
<INTEREST-INCOME>                                  18
<OTHER-INCOME>                                      0
<EXPENSES-NET>                                    274
<NET-INVESTMENT-INCOME>                         (165)
<REALIZED-GAINS-CURRENT>                        1,320
<APPREC-INCREASE-CURRENT>                       (199)
<NET-CHANGE-FROM-OPS>                             956
<EQUALIZATION>                                      0
<DISTRIBUTIONS-OF-INCOME>                           0
<DISTRIBUTIONS-OF-GAINS>                        1,127
<DISTRIBUTIONS-OTHER>                               0
<NUMBER-OF-SHARES-SOLD>                         1,186
<NUMBER-OF-SHARES-REDEEMED>                       182
<SHARES-REINVESTED>                                91
<NET-CHANGE-IN-ASSETS>                          3,198
<ACCUMULATED-NII-PRIOR>                           (1)
<ACCUMULATED-GAINS-PRIOR>                     (1,455)
<OVERDISTRIB-NII-PRIOR>                             0
<OVERDIST-NET-GAINS-PRIOR>                          0
<GROSS-ADVISORY-FEES>                             140
<INTEREST-EXPENSE>                                  0
<GROSS-EXPENSE>                                   370
<AVERAGE-NET-ASSETS>                            2,491
<PER-SHARE-NAV-BEGIN>                           15.58
<PER-SHARE-NII>                                (0.10)
<PER-SHARE-GAIN-APPREC>                          0.71
<PER-SHARE-DIVIDEND>                                0
<PER-SHARE-DISTRIBUTIONS>                        0.67
<RETURNS-OF-CAPITAL>                                0
<PER-SHARE-NAV-END>                             15.52
<EXPENSE-RATIO>                                  2.50
<AVG-DEBT-OUTSTANDING>                              0
<AVG-DEBT-PER-SHARE>                                0
        

</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY INFORMATION EXTRACTED FROM
THE FINANCIAL STATEMENTS OF IDEX SERIES FUND AGGRESSIVE GROWTH
PORTFOLIO FOR THE PERIOD ENDED APRIL 30, 1997, AND IS QUALIFIED
IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
<CIK>  0000787623
<NAME>  IDEX SERIES FUND
<SERIES>
   <NUMBER> 063
   <NAME> AGGRESSIVE GROWTH PORTFOLIO/CLASS C
<MULTIPLIER> 1,000
<CURRENCY>  U.S. DOLLARS
       
<S>                                       <C>
<PERIOD-TYPE>                                   6-MOS
<FISCAL-YEAR-END>                        OCT-31-1996
<PERIOD-END>                              APR-30-1997
<EXCHANGE-RATE>                                     1
<INVESTMENTS-AT-COST>                          26,123
<INVESTMENTS-AT-VALUE>                         29,424
<RECEIVABLES>                                     189
<ASSETS-OTHER>                                     46
<OTHER-ITEMS-ASSETS>                                0
<TOTAL-ASSETS>                                 29,659
<PAYABLE-FOR-SECURITIES>                          354
<SENIOR-LONG-TERM-DEBT>                             0
<OTHER-ITEMS-LIABILITIES>                          48
<TOTAL-LIABILITIES>                               402
<SENIOR-EQUITY>                                     0
<PAID-IN-CAPITAL-COMMON>                       27,384
<SHARES-COMMON-STOCK>                             163
<SHARES-COMMON-PRIOR>                             137
<ACCUMULATED-NII-CURRENT>                       (166)
<OVERDISTRIBUTION-NII>                              0
<ACCUMULATED-NET-GAINS>                       (1,262)
<OVERDISTRIBUTION-GAINS>                            0
<ACCUM-APPREC-OR-DEPREC>                        3,301
<NET-ASSETS>                                   29,257
<DIVIDEND-INCOME>                                  91
<INTEREST-INCOME>                                  18
<OTHER-INCOME>                                      0
<EXPENSES-NET>                                    274
<NET-INVESTMENT-INCOME>                         (165)
<REALIZED-GAINS-CURRENT>                        1,320
<APPREC-INCREASE-CURRENT>                       (199)
<NET-CHANGE-FROM-OPS>                           (956)
<EQUALIZATION>                                      0
<DISTRIBUTIONS-OF-INCOME>                           0
<DISTRIBUTIONS-OF-GAINS>                        1,127
<DISTRIBUTIONS-OTHER>                               0
<NUMBER-OF-SHARES-SOLD>                           905
<NUMBER-OF-SHARES-REDEEMED>                       587
<SHARES-REINVESTED>                                95
<NET-CHANGE-IN-ASSETS>                          3,198
<ACCUMULATED-NII-PRIOR>                           (1)
<ACCUMULATED-GAINS-PRIOR>                     (1,455)
<OVERDISTRIB-NII-PRIOR>                             0
<OVERDIST-NET-GAINS-PRIOR>                          0
<GROSS-ADVISORY-FEES>                             140
<INTEREST-EXPENSE>                                  0
<GROSS-EXPENSE>                                   370
<AVERAGE-NET-ASSETS>                            2,372
<PER-SHARE-NAV-BEGIN>                           15.60
<PER-SHARE-NII>                                (0.10)
<PER-SHARE-GAIN-APPREC>                          0.71
<PER-SHARE-DIVIDEND>                                0
<PER-SHARE-DISTRIBUTIONS>                        0.67
<RETURNS-OF-CAPITAL>                                0
<PER-SHARE-NAV-END>                             15.54
<EXPENSE-RATIO>                                  2.40
<AVG-DEBT-OUTSTANDING>                              0
<AVG-DEBT-PER-SHARE>                                0
        

</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY INFORMATION EXTRACTED FROM
THE FINANCIAL STATEMENTS OF IDEX SERIES FUND INTERNATIONAL EQUITY
PORTFOLIO FOR THE PERIOD ENDED APRIL 30, 1997, AND IS QUALIFIED
IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
<CIK>  0000787623
<NAME>  IDEX SERIES FUND
<SERIES>
   <NUMBER> 121
   <NAME> INTERNATIONAL EQUITY PORTFOLIO/CLASS A
<MULTIPLIER> 1,000
<CURRENCY>  U.S. DOLLARS
       
<S>                                       <C>
<PERIOD-TYPE>                                   6-MOS
<FISCAL-YEAR-END>                        OCT-31-1996
<PERIOD-END>                              APR-30-1997
<EXCHANGE-RATE>                                     1
<INVESTMENTS-AT-COST>                           1,529
<INVESTMENTS-AT-VALUE>                          1,545
<RECEIVABLES>                                      12
<ASSETS-OTHER>                                     20
<OTHER-ITEMS-ASSETS>                                0
<TOTAL-ASSETS>                                  1,577
<PAYABLE-FOR-SECURITIES>                           57
<SENIOR-LONG-TERM-DEBT>                             0
<OTHER-ITEMS-LIABILITIES>                           6
<TOTAL-LIABILITIES>                                63
<SENIOR-EQUITY>                                     0
<PAID-IN-CAPITAL-COMMON>                        1,478
<SHARES-COMMON-STOCK>                             132
<SHARES-COMMON-PRIOR>                               0
<ACCUMULATED-NII-CURRENT>                           3
<OVERDISTRIBUTION-NII>                              0
<ACCUMULATED-NET-GAINS>                            14
<OVERDISTRIBUTION-GAINS>                            0
<ACCUM-APPREC-OR-DEPREC>                           19
<NET-ASSETS>                                    1,514
<DIVIDEND-INCOME>                                   5
<INTEREST-INCOME>                                   2
<OTHER-INCOME>                                      0
<EXPENSES-NET>                                      4
<NET-INVESTMENT-INCOME>                             3
<REALIZED-GAINS-CURRENT>                           14
<APPREC-INCREASE-CURRENT>                          19
<NET-CHANGE-FROM-OPS>                              36
<EQUALIZATION>                                      0
<DISTRIBUTIONS-OF-INCOME>                           0
<DISTRIBUTIONS-OF-GAINS>                            0
<DISTRIBUTIONS-OTHER>                               0
<NUMBER-OF-SHARES-SOLD>                         1,335
<NUMBER-OF-SHARES-REDEEMED>                         7
<SHARES-REINVESTED>                                 0
<NET-CHANGE-IN-ASSETS>                          1,514
<ACCUMULATED-NII-PRIOR>                             0
<ACCUMULATED-GAINS-PRIOR>                           0
<OVERDISTRIB-NII-PRIOR>                             0
<OVERDIST-NET-GAINS-PRIOR>                          0
<GROSS-ADVISORY-FEES>                               3
<INTEREST-EXPENSE>                                  0
<GROSS-EXPENSE>                                    14
<AVERAGE-NET-ASSETS>                            1,140
<PER-SHARE-NAV-BEGIN>                           10.00
<PER-SHARE-NII>                                  0.01
<PER-SHARE-GAIN-APPREC>                          0.25
<PER-SHARE-DIVIDEND>                                0
<PER-SHARE-DISTRIBUTIONS>                           0
<RETURNS-OF-CAPITAL>                                0
<PER-SHARE-NAV-END>                             10.26
<EXPENSE-RATIO>                                  1.70
<AVG-DEBT-OUTSTANDING>                              0
<AVG-DEBT-PER-SHARE>                                0
        

</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY INFORMATION EXTRACTED FROM
THE FINANCIAL STATEMENTS OF IDEX SERIES FUND INTERNATIONAL EQUITY
PORTFOLIO FOR THE PERIOD ENDED APRIL 30, 1997, AND IS QUALIFIED
IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
<CIK>  0000787623
<NAME>  IDEX SERIES FUND
<SERIES>
   <NUMBER> 122
   <NAME> INTERNATIONAL EQUITY PORTFOLIO/CLASS B
<MULTIPLIER> 1,000
<CURRENCY>  U.S. DOLLARS
       
<S>                                       <C>
<PERIOD-TYPE>                                   6-MOS
<FISCAL-YEAR-END>                        OCT-31-1996
<PERIOD-END>                              APR-30-1997
<EXCHANGE-RATE>                                     1
<INVESTMENTS-AT-COST>                           1,529
<INVESTMENTS-AT-VALUE>                          1,545
<RECEIVABLES>                                      12
<ASSETS-OTHER>                                     20
<OTHER-ITEMS-ASSETS>                                0
<TOTAL-ASSETS>                                  1,577
<PAYABLE-FOR-SECURITIES>                           57
<SENIOR-LONG-TERM-DEBT>                             0
<OTHER-ITEMS-LIABILITIES>                           6
<TOTAL-LIABILITIES>                                63
<SENIOR-EQUITY>                                     0
<PAID-IN-CAPITAL-COMMON>                        1,478
<SHARES-COMMON-STOCK>                              12
<SHARES-COMMON-PRIOR>                               0
<ACCUMULATED-NII-CURRENT>                           3
<OVERDISTRIBUTION-NII>                              0
<ACCUMULATED-NET-GAINS>                            14
<OVERDISTRIBUTION-GAINS>                            0
<ACCUM-APPREC-OR-DEPREC>                           19
<NET-ASSETS>                                    1,514
<DIVIDEND-INCOME>                                   5
<INTEREST-INCOME>                                   2
<OTHER-INCOME>                                      0
<EXPENSES-NET>                                      4
<NET-INVESTMENT-INCOME>                             3
<REALIZED-GAINS-CURRENT>                           14
<APPREC-INCREASE-CURRENT>                          19
<NET-CHANGE-FROM-OPS>                              36
<EQUALIZATION>                                      0
<DISTRIBUTIONS-OF-INCOME>                           0
<DISTRIBUTIONS-OF-GAINS>                            0
<DISTRIBUTIONS-OTHER>                               0
<NUMBER-OF-SHARES-SOLD>                           123
<NUMBER-OF-SHARES-REDEEMED>                         0
<SHARES-REINVESTED>                                 0
<NET-CHANGE-IN-ASSETS>                          1,514
<ACCUMULATED-NII-PRIOR>                             0
<ACCUMULATED-GAINS-PRIOR>                           0
<OVERDISTRIB-NII-PRIOR>                             0
<OVERDIST-NET-GAINS-PRIOR>                          0
<GROSS-ADVISORY-FEES>                               3
<INTEREST-EXPENSE>                                  0
<GROSS-EXPENSE>                                    14
<AVERAGE-NET-ASSETS>                               48
<PER-SHARE-NAV-BEGIN>                           10.00
<PER-SHARE-NII>                                     0
<PER-SHARE-GAIN-APPREC>                          0.25
<PER-SHARE-DIVIDEND>                                0
<PER-SHARE-DISTRIBUTIONS>                           0
<RETURNS-OF-CAPITAL>                                0
<PER-SHARE-NAV-END>                             10.25
<EXPENSE-RATIO>                                  2.35
<AVG-DEBT-OUTSTANDING>                              0
<AVG-DEBT-PER-SHARE>                                0
        

</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY INFORMATION EXTRACTED FROM
THE FINANCIAL STATEMENTS OF IDEX SERIES FUND INTERNATIONAL EQUITY
PORTFOLIO FOR THE PERIOD ENDED APRIL 30, 1997, AND IS QUALIFIED
IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
<CIK>  0000787623
<NAME>  IDEX SERIES FUND
<SERIES>
   <NUMBER> 123
   <NAME> INTERNATIONAL EQUITY PORTFOLIO/CLASS C
<MULTIPLIER> 1,000
<CURRENCY>  U.S. DOLLARS
       
<S>                                       <C>
<PERIOD-TYPE>                                   6-MOS
<FISCAL-YEAR-END>                        OCT-31-1996
<PERIOD-END>                              APR-30-1997
<EXCHANGE-RATE>                                     1
<INVESTMENTS-AT-COST>                           1,529
<INVESTMENTS-AT-VALUE>                          1,545
<RECEIVABLES>                                      12
<ASSETS-OTHER>                                     20
<OTHER-ITEMS-ASSETS>                                0
<TOTAL-ASSETS>                                  1,577
<PAYABLE-FOR-SECURITIES>                           57
<SENIOR-LONG-TERM-DEBT>                             0
<OTHER-ITEMS-LIABILITIES>                           6
<TOTAL-LIABILITIES>                                63
<SENIOR-EQUITY>                                     0
<PAID-IN-CAPITAL-COMMON>                        1,478
<SHARES-COMMON-STOCK>                               3
<SHARES-COMMON-PRIOR>                               0
<ACCUMULATED-NII-CURRENT>                           3
<OVERDISTRIBUTION-NII>                              0
<ACCUMULATED-NET-GAINS>                            14
<OVERDISTRIBUTION-GAINS>                            0
<ACCUM-APPREC-OR-DEPREC>                           19
<NET-ASSETS>                                    1,514
<DIVIDEND-INCOME>                                   5
<INTEREST-INCOME>                                   2
<OTHER-INCOME>                                      0
<EXPENSES-NET>                                      4
<NET-INVESTMENT-INCOME>                             3
<REALIZED-GAINS-CURRENT>                           14
<APPREC-INCREASE-CURRENT>                          19
<NET-CHANGE-FROM-OPS>                              36
<EQUALIZATION>                                      0
<DISTRIBUTIONS-OF-INCOME>                           0
<DISTRIBUTIONS-OF-GAINS>                            0
<DISTRIBUTIONS-OTHER>                               0
<NUMBER-OF-SHARES-SOLD>                            27
<NUMBER-OF-SHARES-REDEEMED>                         0
<SHARES-REINVESTED>                                 0
<NET-CHANGE-IN-ASSETS>                          1,514
<ACCUMULATED-NII-PRIOR>                             0
<ACCUMULATED-GAINS-PRIOR>                           0
<OVERDISTRIB-NII-PRIOR>                             0
<OVERDIST-NET-GAINS-PRIOR>                          0
<GROSS-ADVISORY-FEES>                               3
<INTEREST-EXPENSE>                                  0
<GROSS-EXPENSE>                                    14
<AVERAGE-NET-ASSETS>                               17
<PER-SHARE-NAV-BEGIN>                           10.00
<PER-SHARE-NII>                                     0
<PER-SHARE-GAIN-APPREC>                          0.25
<PER-SHARE-DIVIDEND>                                0
<PER-SHARE-DISTRIBUTIONS>                           0
<RETURNS-OF-CAPITAL>                                0
<PER-SHARE-NAV-END>                             10.25
<EXPENSE-RATIO>                                  2.25
<AVG-DEBT-OUTSTANDING>                              0
<AVG-DEBT-PER-SHARE>                                0
        

</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY INFORMATION EXTRACTED FROM
THE FINANCIAL STATEMENTS OF IDEX SERIES FUND CAPITAL APPRECIATION
PORTFOLIO FOR THE PERIOD ENDED APRIL 30, 1997, AND IS QUALIFIED
IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
<CIK>  0000787623
<NAME>  IDEX SERIES FUND
<SERIES>
   <NUMBER> 071
   <NAME> CAPITAL APPRECIATION PORTFOLIO/CLASS A
<MULTIPLIER> 1,000
<CURRENCY>  U.S. DOLLARS
       
<S>                                       <C>
<PERIOD-TYPE>                                   6-MOS
<FISCAL-YEAR-END>                        OCT-31-1996
<PERIOD-END>                              APR-30-1997
<EXCHANGE-RATE>                                     1
<INVESTMENTS-AT-COST>                          20,124
<INVESTMENTS-AT-VALUE>                         21,334
<RECEIVABLES>                                      47
<ASSETS-OTHER>                                     56
<OTHER-ITEMS-ASSETS>                                0
<TOTAL-ASSETS>                                 21,437
<PAYABLE-FOR-SECURITIES>                          106
<SENIOR-LONG-TERM-DEBT>                             0
<OTHER-ITEMS-LIABILITIES>                          45
<TOTAL-LIABILITIES>                               151
<SENIOR-EQUITY>                                     0
<PAID-IN-CAPITAL-COMMON>                       21,802
<SHARES-COMMON-STOCK>                           1,314
<SHARES-COMMON-PRIOR>                           1,249
<ACCUMULATED-NII-CURRENT>                       (169)
<OVERDISTRIBUTION-NII>                              0
<ACCUMULATED-NET-GAINS>                       (1,583)
<OVERDISTRIBUTION-GAINS>                            0
<ACCUM-APPREC-OR-DEPREC>                        1,236
<NET-ASSETS>                                   21,286
<DIVIDEND-INCOME>                                  18
<INTEREST-INCOME>                                  41
<OTHER-INCOME>                                      0
<EXPENSES-NET>                                    227
<NET-INVESTMENT-INCOME>                         (168)
<REALIZED-GAINS-CURRENT>                      (1,534)
<APPREC-INCREASE-CURRENT>                     (1,725)
<NET-CHANGE-FROM-OPS>                         (3,427)
<EQUALIZATION>                                      0
<DISTRIBUTIONS-OF-INCOME>                           0
<DISTRIBUTIONS-OF-GAINS>                          334
<DISTRIBUTIONS-OTHER>                               0
<NUMBER-OF-SHARES-SOLD>                        16,014
<NUMBER-OF-SHARES-REDEEMED>                    15,317
<SHARES-REINVESTED>                               268
<NET-CHANGE-IN-ASSETS>                        (2,439)
<ACCUMULATED-NII-PRIOR>                           (1)
<ACCUMULATED-GAINS-PRIOR>                         285
<OVERDISTRIB-NII-PRIOR>                             0
<OVERDIST-NET-GAINS-PRIOR>                          0
<GROSS-ADVISORY-FEES>                             116
<INTEREST-EXPENSE>                                  0
<GROSS-EXPENSE>                                   306
<AVERAGE-NET-ASSETS>                           18,958
<PER-SHARE-NAV-BEGIN>                           15.49
<PER-SHARE-NII>                                (0.09)
<PER-SHARE-GAIN-APPREC>                        (2.04)
<PER-SHARE-DIVIDEND>                                0
<PER-SHARE-DISTRIBUTIONS>                        0.21
<RETURNS-OF-CAPITAL>                                0
<PER-SHARE-NAV-END>                             13.15
<EXPENSE-RATIO>                                  1.85
<AVG-DEBT-OUTSTANDING>                              0
<AVG-DEBT-PER-SHARE>                                0
        

</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY INFORMATION EXTRACTED FROM
THE FINANCIAL STATEMENTS OF IDEX SERIES FUND CAPITAL APPRECIATION
PORTFOLIO FOR THE PERIOD ENDED APRIL 30, 1997, AND IS QUALIFIED
IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
<CIK>  0000787623
<NAME>  IDEX SERIES FUND
<SERIES>
   <NUMBER> 072
   <NAME> CAPITAL APPRECIATION PORTFOLIO/CLASS B
<MULTIPLIER> 1,000
<CURRENCY>  U.S. DOLLARS
       
<S>                                       <C>
<PERIOD-TYPE>                                   6-MOS
<FISCAL-YEAR-END>                        OCT-31-1996
<PERIOD-END>                              APR-30-1997
<EXCHANGE-RATE>                                     1
<INVESTMENTS-AT-COST>                          20,124
<INVESTMENTS-AT-VALUE>                         21,334
<RECEIVABLES>                                      47
<ASSETS-OTHER>                                     56
<OTHER-ITEMS-ASSETS>                                0
<TOTAL-ASSETS>                                 21,437
<PAYABLE-FOR-SECURITIES>                          106
<SENIOR-LONG-TERM-DEBT>                             0
<OTHER-ITEMS-LIABILITIES>                          45
<TOTAL-LIABILITIES>                               151
<SENIOR-EQUITY>                                     0
<PAID-IN-CAPITAL-COMMON>                       21,802
<SHARES-COMMON-STOCK>                             174
<SHARES-COMMON-PRIOR>                             138
<ACCUMULATED-NII-CURRENT>                       (169)
<OVERDISTRIBUTION-NII>                              0
<ACCUMULATED-NET-GAINS>                       (1,583)
<OVERDISTRIBUTION-GAINS>                            0
<ACCUM-APPREC-OR-DEPREC>                        1,236
<NET-ASSETS>                                   21,286
<DIVIDEND-INCOME>                                  18
<INTEREST-INCOME>                                  41
<OTHER-INCOME>                                      0
<EXPENSES-NET>                                    227
<NET-INVESTMENT-INCOME>                         (168)
<REALIZED-GAINS-CURRENT>                      (1,534)
<APPREC-INCREASE-CURRENT>                     (1,725)
<NET-CHANGE-FROM-OPS>                         (3,427)
<EQUALIZATION>                                      0
<DISTRIBUTIONS-OF-INCOME>                           0
<DISTRIBUTIONS-OF-GAINS>                          334
<DISTRIBUTIONS-OTHER>                               0
<NUMBER-OF-SHARES-SOLD>                           898
<NUMBER-OF-SHARES-REDEEMED>                       402
<SHARES-REINVESTED>                                31
<NET-CHANGE-IN-ASSETS>                        (2,439)
<ACCUMULATED-NII-PRIOR>                           (1)
<ACCUMULATED-GAINS-PRIOR>                         285
<OVERDISTRIB-NII-PRIOR>                             0
<OVERDIST-NET-GAINS-PRIOR>                          0
<GROSS-ADVISORY-FEES>                             116
<INTEREST-EXPENSE>                                  0
<GROSS-EXPENSE>                                   306
<AVERAGE-NET-ASSETS>                            2,282
<PER-SHARE-NAV-BEGIN>                           15.42
<PER-SHARE-NII>                                (0.13)
<PER-SHARE-GAIN-APPREC>                        (2.04)
<PER-SHARE-DIVIDEND>                                0
<PER-SHARE-DISTRIBUTIONS>                        0.21
<RETURNS-OF-CAPITAL>                                0
<PER-SHARE-NAV-END>                             13.04
<EXPENSE-RATIO>                                  2.50
<AVG-DEBT-OUTSTANDING>                              0
<AVG-DEBT-PER-SHARE>                                0
        

</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY INFORMATION EXTRACTED FROM
THE FINANCIAL STATEMENTS OF IDEX SERIES FUND CAPITAL APPRECIATION
PORTFOLIO FOR THE PERIOD ENDED APRIL 30, 1997, AND IS QUALIFIED
IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
<CIK>  0000787623
<NAME>  IDEX SERIES FUND
<SERIES>
   <NUMBER> 073
   <NAME> CAPITAL APPRECIATION PORTFOLIO/CLASS C
<MULTIPLIER> 1,000
<CURRENCY>  U.S. DOLLARS
       
<S>                                       <C>
<PERIOD-TYPE>                                   6-MOS
<FISCAL-YEAR-END>                        OCT-31-1996
<PERIOD-END>                              APR-30-1997
<EXCHANGE-RATE>                                     1
<INVESTMENTS-AT-COST>                          20,124
<INVESTMENTS-AT-VALUE>                         21,334
<RECEIVABLES>                                      47
<ASSETS-OTHER>                                     56
<OTHER-ITEMS-ASSETS>                                0
<TOTAL-ASSETS>                                 21,437
<PAYABLE-FOR-SECURITIES>                          106
<SENIOR-LONG-TERM-DEBT>                             0
<OTHER-ITEMS-LIABILITIES>                          45
<TOTAL-LIABILITIES>                               151
<SENIOR-EQUITY>                                     0
<PAID-IN-CAPITAL-COMMON>                       21,802
<SHARES-COMMON-STOCK>                             132
<SHARES-COMMON-PRIOR>                             145
<ACCUMULATED-NII-CURRENT>                       (169)
<OVERDISTRIBUTION-NII>                              0
<ACCUMULATED-NET-GAINS>                       (1,583)
<OVERDISTRIBUTION-GAINS>                            0
<ACCUM-APPREC-OR-DEPREC>                        1,236
<NET-ASSETS>                                   21,286
<DIVIDEND-INCOME>                                  18
<INTEREST-INCOME>                                  41
<OTHER-INCOME>                                      0
<EXPENSES-NET>                                    227
<NET-INVESTMENT-INCOME>                         (168)
<REALIZED-GAINS-CURRENT>                      (1,534)
<APPREC-INCREASE-CURRENT>                     (1,725)
<NET-CHANGE-FROM-OPS>                         (3,427)
<EQUALIZATION>                                      0
<DISTRIBUTIONS-OF-INCOME>                           0
<DISTRIBUTIONS-OF-GAINS>                          334
<DISTRIBUTIONS-OTHER>                               0
<NUMBER-OF-SHARES-SOLD>                           532
<NUMBER-OF-SHARES-REDEEMED>                       733
<SHARES-REINVESTED>                                31
<NET-CHANGE-IN-ASSETS>                        (2,439)
<ACCUMULATED-NII-PRIOR>                           (1)
<ACCUMULATED-GAINS-PRIOR>                         285
<OVERDISTRIB-NII-PRIOR>                             0
<OVERDIST-NET-GAINS-PRIOR>                          0
<GROSS-ADVISORY-FEES>                             116
<INTEREST-EXPENSE>                                  0
<GROSS-EXPENSE>                                   306
<AVERAGE-NET-ASSETS>                            2,065
<PER-SHARE-NAV-BEGIN>                           15.43
<PER-SHARE-NII>                                (0.13)
<PER-SHARE-GAIN-APPREC>                        (2.04)
<PER-SHARE-DIVIDEND>                                0
<PER-SHARE-DISTRIBUTIONS>                        0.21
<RETURNS-OF-CAPITAL>                                0
<PER-SHARE-NAV-END>                             13.05
<EXPENSE-RATIO>                                  2.40
<AVG-DEBT-OUTSTANDING>                              0
<AVG-DEBT-PER-SHARE>                                0
        

</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY INFORMATION EXTRACTED FROM
THE FINANCIAL STATEMENTS OF IDEX SERIES FUND GLOBAL PORTFOLIO FOR
THE PERIOD ENDED APRIL 30, 1997, AND IS QUALIFIED IN ITS ENTIRETY
BY REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
<CIK>  0000787623
<NAME>  IDEX SERIES FUND
<SERIES>
   <NUMBER> 041
   <NAME> GLOBAL PORTFOLIO/CLASS A
<MULTIPLIER> 1,000
<CURRENCY>  U.S. DOLLARS
       
<S>                                       <C>
<PERIOD-TYPE>                                   6-MOS
<FISCAL-YEAR-END>                        OCT-31-1996
<PERIOD-END>                              APR-30-1997
<EXCHANGE-RATE>                                     1
<INVESTMENTS-AT-COST>                         184,802
<INVESTMENTS-AT-VALUE>                        213,348
<RECEIVABLES>                                   1,920
<ASSETS-OTHER>                                  6,782
<OTHER-ITEMS-ASSETS>                                0
<TOTAL-ASSETS>                                222,050
<PAYABLE-FOR-SECURITIES>                       11,144
<SENIOR-LONG-TERM-DEBT>                             0
<OTHER-ITEMS-LIABILITIES>                         416
<TOTAL-LIABILITIES>                            11,560
<SENIOR-EQUITY>                                     0
<PAID-IN-CAPITAL-COMMON>                      171,836
<SHARES-COMMON-STOCK>                           8,313
<SHARES-COMMON-PRIOR>                           6,349
<ACCUMULATED-NII-CURRENT>                       (698)
<OVERDISTRIBUTION-NII>                              0
<ACCUMULATED-NET-GAINS>                         7,995
<OVERDISTRIBUTION-GAINS>                            0
<ACCUM-APPREC-OR-DEPREC>                       31,357
<NET-ASSETS>                                  210,490
<DIVIDEND-INCOME>                                 833
<INTEREST-INCOME>                                 311
<OTHER-INCOME>                                      0
<EXPENSES-NET>                                  1,829
<NET-INVESTMENT-INCOME>                         (685)
<REALIZED-GAINS-CURRENT>                        8,405
<APPREC-INCREASE-CURRENT>                       8,815
<NET-CHANGE-FROM-OPS>                          16,535
<EQUALIZATION>                                      0
<DISTRIBUTIONS-OF-INCOME>                           0
<DISTRIBUTIONS-OF-GAINS>                       15,465
<DISTRIBUTIONS-OTHER>                               0
<NUMBER-OF-SHARES-SOLD>                        68,836
<NUMBER-OF-SHARES-REDEEMED>                    41,813
<SHARES-REINVESTED>                            13,477
<NET-CHANGE-IN-ASSETS>                         60,063
<ACCUMULATED-NII-PRIOR>                          (13)
<ACCUMULATED-GAINS-PRIOR>                      15,055
<OVERDISTRIB-NII-PRIOR>                             0
<OVERDIST-NET-GAINS-PRIOR>                          0
<GROSS-ADVISORY-FEES>                             886
<INTEREST-EXPENSE>                                  0
<GROSS-EXPENSE>                                 1,829
<AVERAGE-NET-ASSETS>                          156,064
<PER-SHARE-NAV-BEGIN>                           21.39
<PER-SHARE-NII>                                  0.11
<PER-SHARE-GAIN-APPREC>                          1.92
<PER-SHARE-DIVIDEND>                                0
<PER-SHARE-DISTRIBUTIONS>                        2.10
<RETURNS-OF-CAPITAL>                                0
<PER-SHARE-NAV-END>                             21.32
<EXPENSE-RATIO>                                  1.98
<AVG-DEBT-OUTSTANDING>                              0
<AVG-DEBT-PER-SHARE>                                0
        

</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY INFORMATION EXTRACTED FROM
THE FINANCIAL STATEMENTS OF IDEX SERIES FUND GLOBAL PORTFOLIO FOR
THE PERIOD ENDED APRIL 30, 1997, AND IS QUALIFIED IN ITS ENTIRETY
BY REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
<CIK>  0000787623
<NAME>  IDEX SERIES FUND
<SERIES>
   <NUMBER> 042
   <NAME> GLOBAL PORTFOLIO/CLASS B
<MULTIPLIER> 1,000
<CURRENCY>  U.S. DOLLARS
       
<S>                                       <C>
<PERIOD-TYPE>                                   6-MOS
<FISCAL-YEAR-END>                        OCT-31-1996
<PERIOD-END>                              APR-30-1997
<EXCHANGE-RATE>                                     1
<INVESTMENTS-AT-COST>                         184,802
<INVESTMENTS-AT-VALUE>                        213,348
<RECEIVABLES>                                   1,920
<ASSETS-OTHER>                                  6,782
<OTHER-ITEMS-ASSETS>                                0
<TOTAL-ASSETS>                                222,050
<PAYABLE-FOR-SECURITIES>                       11,144
<SENIOR-LONG-TERM-DEBT>                             0
<OTHER-ITEMS-LIABILITIES>                         416
<TOTAL-LIABILITIES>                            11,560
<SENIOR-EQUITY>                                     0
<PAID-IN-CAPITAL-COMMON>                      171,836
<SHARES-COMMON-STOCK>                             889
<SHARES-COMMON-PRIOR>                             282
<ACCUMULATED-NII-CURRENT>                       (698)
<OVERDISTRIBUTION-NII>                              0
<ACCUMULATED-NET-GAINS>                         7,995
<OVERDISTRIBUTION-GAINS>                            0
<ACCUM-APPREC-OR-DEPREC>                       31,357
<NET-ASSETS>                                  210,490
<DIVIDEND-INCOME>                                 833
<INTEREST-INCOME>                                 311
<OTHER-INCOME>                                      0
<EXPENSES-NET>                                  1,829
<NET-INVESTMENT-INCOME>                         (685)
<REALIZED-GAINS-CURRENT>                        8,405
<APPREC-INCREASE-CURRENT>                       8,815
<NET-CHANGE-FROM-OPS>                          16,535
<EQUALIZATION>                                      0
<DISTRIBUTIONS-OF-INCOME>                           0
<DISTRIBUTIONS-OF-GAINS>                       15,465
<DISTRIBUTIONS-OTHER>                               0
<NUMBER-OF-SHARES-SOLD>                        12,055
<NUMBER-OF-SHARES-REDEEMED>                       248
<SHARES-REINVESTED>                               737
<NET-CHANGE-IN-ASSETS>                         60,063
<ACCUMULATED-NII-PRIOR>                          (13)
<ACCUMULATED-GAINS-PRIOR>                      15,055
<OVERDISTRIB-NII-PRIOR>                             0
<OVERDIST-NET-GAINS-PRIOR>                          0
<GROSS-ADVISORY-FEES>                             886
<INTEREST-EXPENSE>                                  0
<GROSS-EXPENSE>                                 1,829
<AVERAGE-NET-ASSETS>                           11,440
<PER-SHARE-NAV-BEGIN>                           21.13
<PER-SHARE-NII>                                  0.05
<PER-SHARE-GAIN-APPREC>                          1.92
<PER-SHARE-DIVIDEND>                                0
<PER-SHARE-DISTRIBUTIONS>                        2.10
<RETURNS-OF-CAPITAL>                                0
<PER-SHARE-NAV-END>                             21.00
<EXPENSE-RATIO>                                  2.63
<AVG-DEBT-OUTSTANDING>                              0
<AVG-DEBT-PER-SHARE>                                0
        

</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY INFORMATION EXTRACTED FROM
THE FINANCIAL STATEMENTS OF IDEX SERIES FUND GLOBAL PORTFOLIO FOR
THE PERIOD ENDED APRIL 30, 1997, AND IS QUALIFIED IN ITS ENTIRETY
BY REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
<CIK>  0000787623
<NAME>  IDEX SERIES FUND
<SERIES>
   <NUMBER> 043
   <NAME> GLOBAL PORTFOLIO/CLASS C
<MULTIPLIER> 1,000
<CURRENCY>  U.S. DOLLARS
       
<S>                                       <C>
<PERIOD-TYPE>                                   6-MOS
<FISCAL-YEAR-END>                        OCT-31-1996
<PERIOD-END>                              APR-30-1997
<EXCHANGE-RATE>                                     1
<INVESTMENTS-AT-COST>                         184,802
<INVESTMENTS-AT-VALUE>                        213,348
<RECEIVABLES>                                   1,920
<ASSETS-OTHER>                                  6,782
<OTHER-ITEMS-ASSETS>                                0
<TOTAL-ASSETS>                                222,050
<PAYABLE-FOR-SECURITIES>                       11,144
<SENIOR-LONG-TERM-DEBT>                             0
<OTHER-ITEMS-LIABILITIES>                         416
<TOTAL-LIABILITIES>                            11,560
<SENIOR-EQUITY>                                     0
<PAID-IN-CAPITAL-COMMON>                      171,836
<SHARES-COMMON-STOCK>                             700
<SHARES-COMMON-PRIOR>                             410
<ACCUMULATED-NII-CURRENT>                       (698)
<OVERDISTRIBUTION-NII>                              0
<ACCUMULATED-NET-GAINS>                         7,995
<OVERDISTRIBUTION-GAINS>                            0
<ACCUM-APPREC-OR-DEPREC>                       31,357
<NET-ASSETS>                                  210,490
<DIVIDEND-INCOME>                                 833
<INTEREST-INCOME>                                 311
<OTHER-INCOME>                                      0
<EXPENSES-NET>                                  1,829
<NET-INVESTMENT-INCOME>                         (685)
<REALIZED-GAINS-CURRENT>                        8,405
<APPREC-INCREASE-CURRENT>                       8,815
<NET-CHANGE-FROM-OPS>                          16,535
<EQUALIZATION>                                      0
<DISTRIBUTIONS-OF-INCOME>                           0
<DISTRIBUTIONS-OF-GAINS>                       15,465
<DISTRIBUTIONS-OTHER>                               0
<NUMBER-OF-SHARES-SOLD>                         5,956
<NUMBER-OF-SHARES-REDEEMED>                       961
<SHARES-REINVESTED>                               954
<NET-CHANGE-IN-ASSETS>                         60,063
<ACCUMULATED-NII-PRIOR>                          (13)
<ACCUMULATED-GAINS-PRIOR>                      15,055
<OVERDISTRIB-NII-PRIOR>                             0
<OVERDIST-NET-GAINS-PRIOR>                          0
<GROSS-ADVISORY-FEES>                             886
<INTEREST-EXPENSE>                                  0
<GROSS-EXPENSE>                                 1,829
<AVERAGE-NET-ASSETS>                           11,474
<PER-SHARE-NAV-BEGIN>                           21.03
<PER-SHARE-NII>                                  0.06
<PER-SHARE-GAIN-APPREC>                          1.92
<PER-SHARE-DIVIDEND>                                0
<PER-SHARE-DISTRIBUTIONS>                        2.10
<RETURNS-OF-CAPITAL>                                0
<PER-SHARE-NAV-END>                             21.91
<EXPENSE-RATIO>                                  2.53
<AVG-DEBT-OUTSTANDING>                              0
<AVG-DEBT-PER-SHARE>                                0
        

</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY INFORMATION EXTRACTED FROM
THE FINANCIAL STATEMENTS OF IDEX SERIES FUND GROWTH PORTFOLIO
FOR THE PERIOD ENDED APRIL 30, 1997, AND IS QUALIFIED IN ITS
ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
<CIK>  0000787623
<NAME>  IDEX SERIES FUND
<SERIES>
   <NUMBER> 011
   <NAME> GROWTH PORTFOLIO/CLASS A
<MULTIPLIER> 1,000
<CURRENCY>  U.S. DOLLARS
       
<S>                                       <C>
<PERIOD-TYPE>                                   6-MOS
<FISCAL-YEAR-END>                        OCT-31-1996
<PERIOD-END>                              APR-30-1997
<EXCHANGE-RATE>                                     1
<INVESTMENTS-AT-COST>                         874,835
<INVESTMENTS-AT-VALUE>                      1,145,792
<RECEIVABLES>                                   4,982
<ASSETS-OTHER>                                     36
<OTHER-ITEMS-ASSETS>                                0
<TOTAL-ASSETS>                              1,150,810
<PAYABLE-FOR-SECURITIES>                        3,282
<SENIOR-LONG-TERM-DEBT>                             0
<OTHER-ITEMS-LIABILITIES>                         923
<TOTAL-LIABILITIES>                             4,205
<SENIOR-EQUITY>                                     0
<PAID-IN-CAPITAL-COMMON>                      793,804
<SHARES-COMMON-STOCK>                          25,589
<SHARES-COMMON-PRIOR>                          25,720
<ACCUMULATED-NII-CURRENT>                         812
<OVERDISTRIBUTION-NII>                              0
<ACCUMULATED-NET-GAINS>                        80,036
<OVERDISTRIBUTION-GAINS>                            0
<ACCUM-APPREC-OR-DEPREC>                      270,953
<NET-ASSETS>                                1,145,605
<DIVIDEND-INCOME>                               4,792
<INTEREST-INCOME>                               5,648
<OTHER-INCOME>                                      0
<EXPENSES-NET>                                  8,648
<NET-INVESTMENT-INCOME>                         1,792
<REALIZED-GAINS-CURRENT>                       80,581
<APPREC-INCREASE-CURRENT>                    (55,201)
<NET-CHANGE-FROM-OPS>                          27,172
<EQUALIZATION>                                      0
<DISTRIBUTIONS-OF-INCOME>                           0
<DISTRIBUTIONS-OF-GAINS>                       24,267
<DISTRIBUTIONS-OTHER>                               0
<NUMBER-OF-SHARES-SOLD>                        95,887
<NUMBER-OF-SHARES-REDEEMED>                   110,038
<SHARES-REINVESTED>                            11,526
<NET-CHANGE-IN-ASSETS>                        (8,569)
<ACCUMULATED-NII-PRIOR>                            20
<ACCUMULATED-GAINS-PRIOR>                      23,722
<OVERDISTRIB-NII-PRIOR>                             0
<OVERDIST-NET-GAINS-PRIOR>                          0
<GROSS-ADVISORY-FEES>                           5,569
<INTEREST-EXPENSE>                                  0
<GROSS-EXPENSE>                                 8,648
<AVERAGE-NET-ASSETS>                          573,102
<PER-SHARE-NAV-BEGIN>                           21.97
<PER-SHARE-NII>                                  0.01
<PER-SHARE-GAIN-APPREC>                          0.50
<PER-SHARE-DIVIDEND>                                0
<PER-SHARE-DISTRIBUTIONS>                        0.47
<RETURNS-OF-CAPITAL>                                0
<PER-SHARE-NAV-END>                             22.01
<EXPENSE-RATIO>                                  1.65
<AVG-DEBT-OUTSTANDING>                              0
<AVG-DEBT-PER-SHARE>                                0
        

</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY INFORMATION EXTRACTED FROM
THE FINANCIAL STATEMENTS OF IDEX SERIES FUND GROWTH PORTFOLIO
FOR THE PERIOD ENDED APRIL 30, 1997, AND IS QUALIFIED IN ITS
ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
<CIK>  0000787623
<NAME>  IDEX SERIES FUND
<SERIES>
   <NUMBER> 012
   <NAME> GROWTH PORTFOLIO/CLASS B
<MULTIPLIER> 1,000
<CURRENCY>  U.S. DOLLARS
       
<S>                                       <C>
<PERIOD-TYPE>                                   6-MOS
<FISCAL-YEAR-END>                        OCT-31-1996
<PERIOD-END>                              APR-30-1997
<EXCHANGE-RATE>                                     1
<INVESTMENTS-AT-COST>                         874,835
<INVESTMENTS-AT-VALUE>                      1,145,792
<RECEIVABLES>                                   4,982
<ASSETS-OTHER>                                     36
<OTHER-ITEMS-ASSETS>                                0
<TOTAL-ASSETS>                              1,150,810
<PAYABLE-FOR-SECURITIES>                        3,282
<SENIOR-LONG-TERM-DEBT>                             0
<OTHER-ITEMS-LIABILITIES>                         923
<TOTAL-LIABILITIES>                             4,205
<SENIOR-EQUITY>                                     0
<PAID-IN-CAPITAL-COMMON>                      793,804
<SHARES-COMMON-STOCK>                             404
<SHARES-COMMON-PRIOR>                             243
<ACCUMULATED-NII-CURRENT>                         812
<OVERDISTRIBUTION-NII>                              0
<ACCUMULATED-NET-GAINS>                        80,036
<OVERDISTRIBUTION-GAINS>                            0
<ACCUM-APPREC-OR-DEPREC>                      270,953
<NET-ASSETS>                                1,145,605
<DIVIDEND-INCOME>                               4,792
<INTEREST-INCOME>                               5,648
<OTHER-INCOME>                                      0
<EXPENSES-NET>                                  8,648
<NET-INVESTMENT-INCOME>                         1,792
<REALIZED-GAINS-CURRENT>                       80,581
<APPREC-INCREASE-CURRENT>                    (55,201)
<NET-CHANGE-FROM-OPS>                          27,172
<EQUALIZATION>                                      0
<DISTRIBUTIONS-OF-INCOME>                           0
<DISTRIBUTIONS-OF-GAINS>                       24,267
<DISTRIBUTIONS-OTHER>                               0
<NUMBER-OF-SHARES-SOLD>                         3,753
<NUMBER-OF-SHARES-REDEEMED>                       367
<SHARES-REINVESTED>                               127
<NET-CHANGE-IN-ASSETS>                        (8,569)
<ACCUMULATED-NII-PRIOR>                            20
<ACCUMULATED-GAINS-PRIOR>                      23,722
<OVERDISTRIB-NII-PRIOR>                             0
<OVERDIST-NET-GAINS-PRIOR>                          0
<GROSS-ADVISORY-FEES>                           5,569
<INTEREST-EXPENSE>                                  0
<GROSS-EXPENSE>                                 8,648
<AVERAGE-NET-ASSETS>                            6,936
<PER-SHARE-NAV-BEGIN>                           21.60
<PER-SHARE-NII>                                (0.05)
<PER-SHARE-GAIN-APPREC>                          0.50
<PER-SHARE-DIVIDEND>                                0
<PER-SHARE-DISTRIBUTIONS>                        0.47
<RETURNS-OF-CAPITAL>                                0
<PER-SHARE-NAV-END>                             21.58
<EXPENSE-RATIO>                                  2.30
<AVG-DEBT-OUTSTANDING>                              0
<AVG-DEBT-PER-SHARE>                                0
        

</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY INFORMATION EXTRACTED FROM
THE FINANCIAL STATEMENTS OF IDEX SERIES FUND GROWTH PORTFOLIO
FOR THE PERIOD ENDED APRIL 30, 1997, AND IS QUALIFIED IN ITS
ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
<CIK>  0000787623
<NAME>  IDEX SERIES FUND
<SERIES>
   <NUMBER> 013
   <NAME> GROWTH PORTFOLIO/CLASS C
<MULTIPLIER> 1,000
<CURRENCY>  U.S. DOLLARS
       
<S>                                       <C>
<PERIOD-TYPE>                                   6-MOS
<FISCAL-YEAR-END>                        OCT-31-1996
<PERIOD-END>                              APR-30-1997
<EXCHANGE-RATE>                                     1
<INVESTMENTS-AT-COST>                         874,835
<INVESTMENTS-AT-VALUE>                      1,145,792
<RECEIVABLES>                                   4,982
<ASSETS-OTHER>                                     36
<OTHER-ITEMS-ASSETS>                                0
<TOTAL-ASSETS>                              1,150,810
<PAYABLE-FOR-SECURITIES>                        3,282
<SENIOR-LONG-TERM-DEBT>                             0
<OTHER-ITEMS-LIABILITIES>                         923
<TOTAL-LIABILITIES>                             4,205
<SENIOR-EQUITY>                                     0
<PAID-IN-CAPITAL-COMMON>                      793,804
<SHARES-COMMON-STOCK>                             605
<SHARES-COMMON-PRIOR>                             509
<ACCUMULATED-NII-CURRENT>                         812
<OVERDISTRIBUTION-NII>                              0
<ACCUMULATED-NET-GAINS>                        80,036
<OVERDISTRIBUTION-GAINS>                            0
<ACCUM-APPREC-OR-DEPREC>                      270,953
<NET-ASSETS>                                1,145,605
<DIVIDEND-INCOME>                               4,792
<INTEREST-INCOME>                               5,648
<OTHER-INCOME>                                      0
<EXPENSES-NET>                                  8,648
<NET-INVESTMENT-INCOME>                         1,792
<REALIZED-GAINS-CURRENT>                       80,581
<APPREC-INCREASE-CURRENT>                    (55,201)
<NET-CHANGE-FROM-OPS>                          27,172
<EQUALIZATION>                                      0
<DISTRIBUTIONS-OF-INCOME>                           0
<DISTRIBUTIONS-OF-GAINS>                       24,267
<DISTRIBUTIONS-OTHER>                               0
<NUMBER-OF-SHARES-SOLD>                         4,108
<NUMBER-OF-SHARES-REDEEMED>                     2,244
<SHARES-REINVESTED>                               252
<NET-CHANGE-IN-ASSETS>                        (8,569)
<ACCUMULATED-NII-PRIOR>                            20
<ACCUMULATED-GAINS-PRIOR>                      23,722
<OVERDISTRIB-NII-PRIOR>                             0
<OVERDIST-NET-GAINS-PRIOR>                          0
<GROSS-ADVISORY-FEES>                           5,569
<INTEREST-EXPENSE>                                  0
<GROSS-EXPENSE>                                 8,648
<AVERAGE-NET-ASSETS>                           12,536
<PER-SHARE-NAV-BEGIN>                           21.65
<PER-SHARE-NII>                                (0.03)
<PER-SHARE-GAIN-APPREC>                          0.50
<PER-SHARE-DIVIDEND>                                0
<PER-SHARE-DISTRIBUTIONS>                        0.47
<RETURNS-OF-CAPITAL>                                0
<PER-SHARE-NAV-END>                             21.65
<EXPENSE-RATIO>                                  2.20
<AVG-DEBT-OUTSTANDING>                              0
<AVG-DEBT-PER-SHARE>                                0
        

</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY INFORMATION EXTRACTED FROM
THE FINANCIAL STATEMENTS OF IDEX SERIES FUND GROWTH PORTFOLIO
FOR THE PERIOD ENDED APRIL 30, 1997, AND IS QUALIFIED IN ITS
ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
<CIK>  0000787623
<NAME>  IDEX SERIES FUND
<SERIES>
   <NUMBER> 014
   <NAME> GROWTH PORTFOLIO/CLASS T
<MULTIPLIER> 1,000
<CURRENCY>  U.S. DOLLARS
       
<S>                                       <C>
<PERIOD-TYPE>                                   6-MOS
<FISCAL-YEAR-END>                        OCT-31-1996
<PERIOD-END>                              APR-30-1997
<EXCHANGE-RATE>                                     1
<INVESTMENTS-AT-COST>                         874,835
<INVESTMENTS-AT-VALUE>                      1,145,792
<RECEIVABLES>                                   4,982
<ASSETS-OTHER>                                     36
<OTHER-ITEMS-ASSETS>                                0
<TOTAL-ASSETS>                              1,150,810
<PAYABLE-FOR-SECURITIES>                        3,282
<SENIOR-LONG-TERM-DEBT>                             0
<OTHER-ITEMS-LIABILITIES>                         923
<TOTAL-LIABILITIES>                             4,205
<SENIOR-EQUITY>                                     0
<PAID-IN-CAPITAL-COMMON>                      793,804
<SHARES-COMMON-STOCK>                          25,239
<SHARES-COMMON-PRIOR>                          25,887
<ACCUMULATED-NII-CURRENT>                         812
<OVERDISTRIBUTION-NII>                              0
<ACCUMULATED-NET-GAINS>                        80,036
<OVERDISTRIBUTION-GAINS>                            0
<ACCUM-APPREC-OR-DEPREC>                      270,953
<NET-ASSETS>                                1,145,605
<DIVIDEND-INCOME>                               4,792
<INTEREST-INCOME>                               5,648
<OTHER-INCOME>                                      0
<EXPENSES-NET>                                  8,648
<NET-INVESTMENT-INCOME>                         1,792
<REALIZED-GAINS-CURRENT>                       80,581
<APPREC-INCREASE-CURRENT>                    (55,201)
<NET-CHANGE-FROM-OPS>                          27,172
<EQUALIZATION>                                      0
<DISTRIBUTIONS-OF-INCOME>                           0
<DISTRIBUTIONS-OF-GAINS>                       24,267
<DISTRIBUTIONS-OTHER>                               0
<NUMBER-OF-SHARES-SOLD>                        23,355
<NUMBER-OF-SHARES-REDEEMED>                    49,645
<SHARES-REINVESTED>                            11,812
<NET-CHANGE-IN-ASSETS>                        (8,569)
<ACCUMULATED-NII-PRIOR>                            20
<ACCUMULATED-GAINS-PRIOR>                      23,722
<OVERDISTRIB-NII-PRIOR>                             0
<OVERDIST-NET-GAINS-PRIOR>                          0
<GROSS-ADVISORY-FEES>                           5,569
<INTEREST-EXPENSE>                                  0
<GROSS-EXPENSE>                                 8,648
<AVERAGE-NET-ASSETS>                          581,443
<PER-SHARE-NAV-BEGIN>                           22.17
<PER-SHARE-NII>                                  0.05
<PER-SHARE-GAIN-APPREC>                          0.50
<PER-SHARE-DIVIDEND>                                0
<PER-SHARE-DISTRIBUTIONS>                        0.47
<RETURNS-OF-CAPITAL>                                0
<PER-SHARE-NAV-END>                             22.25
<EXPENSE-RATIO>                                  1.30
<AVG-DEBT-OUTSTANDING>                              0
<AVG-DEBT-PER-SHARE>                                0
        

</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY INFORMATION EXTRACTED FROM
THE FINANCIAL STATEMENTS OF IDEX SERIES FUND C.A.S.E. PORTFOLIO
FOR THE PERIOD ENDED APRIL 30, 1997, AND IS QUALIFIED IN ITS
ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
<CIK>  0000787623
<NAME>  IDEX SERIES FUND
<SERIES>
   <NUMBER> 111
   <NAME> C.A.S.E. PORTFOLIO/CLASS A
<MULTIPLIER> 1,000
<CURRENCY>  U.S. DOLLARS
       
<S>                                       <C>
<PERIOD-TYPE>                                   6-MOS
<FISCAL-YEAR-END>                        OCT-31-1996
<PERIOD-END>                              APR-30-1997
<EXCHANGE-RATE>                                     1
<INVESTMENTS-AT-COST>                           4,151
<INVESTMENTS-AT-VALUE>                          4,373
<RECEIVABLES>                                     346
<ASSETS-OTHER>                                     26
<OTHER-ITEMS-ASSETS>                                0
<TOTAL-ASSETS>                                  4,745
<PAYABLE-FOR-SECURITIES>                           37
<SENIOR-LONG-TERM-DEBT>                             0
<OTHER-ITEMS-LIABILITIES>                           5
<TOTAL-LIABILITIES>                                42
<SENIOR-EQUITY>                                     0
<PAID-IN-CAPITAL-COMMON>                        4,570
<SHARES-COMMON-STOCK>                             206
<SHARES-COMMON-PRIOR>                             158
<ACCUMULATED-NII-CURRENT>                        (12)
<OVERDISTRIBUTION-NII>                              0
<ACCUMULATED-NET-GAINS>                          (77)
<OVERDISTRIBUTION-GAINS>                            0
<ACCUM-APPREC-OR-DEPREC>                          222
<NET-ASSETS>                                    4,703
<DIVIDEND-INCOME>                                  24
<INTEREST-INCOME>                                  12
<OTHER-INCOME>                                      0
<EXPENSES-NET>                                     46
<NET-INVESTMENT-INCOME>                          (10)
<REALIZED-GAINS-CURRENT>                          101
<APPREC-INCREASE-CURRENT>                          99
<NET-CHANGE-FROM-OPS>                             190
<EQUALIZATION>                                      0
<DISTRIBUTIONS-OF-INCOME>                          89
<DISTRIBUTIONS-OF-GAINS>                            0
<DISTRIBUTIONS-OTHER>                               0
<NUMBER-OF-SHARES-SOLD>                           823
<NUMBER-OF-SHARES-REDEEMED>                       409
<SHARES-REINVESTED>                                87
<NET-CHANGE-IN-ASSETS>                          1,224
<ACCUMULATED-NII-PRIOR>                           175
<ACCUMULATED-GAINS-PRIOR>                       (178)
<OVERDISTRIB-NII-PRIOR>                             0
<OVERDIST-NET-GAINS-PRIOR>                          0
<GROSS-ADVISORY-FEES>                              21
<INTEREST-EXPENSE>                                  0
<GROSS-EXPENSE>                                   119
<AVERAGE-NET-ASSETS>                            2,002
<PER-SHARE-NAV-BEGIN>                           10.56
<PER-SHARE-NII>                                  1.33
<PER-SHARE-GAIN-APPREC>                        (0.80)
<PER-SHARE-DIVIDEND>                             0.51
<PER-SHARE-DISTRIBUTIONS>                           0
<RETURNS-OF-CAPITAL>                                0
<PER-SHARE-NAV-END>                             10.58
<EXPENSE-RATIO>                                  1.85
<AVG-DEBT-OUTSTANDING>                              0
<AVG-DEBT-PER-SHARE>                                0
        

</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY INFORMATION EXTRACTED FROM
THE FINANCIAL STATEMENTS OF IDEX SERIES FUND C.A.S.E. PORTFOLIO
FOR THE PERIOD ENDED APRIL 30, 1997, AND IS QUALIFIED IN ITS
ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
<CIK>  0000787623
<NAME>  IDEX SERIES FUND
<SERIES>
   <NUMBER> 112
   <NAME> C.A.S.E. PORTFOLIO/CLASS B
<MULTIPLIER> 1,000
<CURRENCY>  U.S. DOLLARS
       
<S>                                       <C>
<PERIOD-TYPE>                                   6-MOS
<FISCAL-YEAR-END>                        OCT-31-1996
<PERIOD-END>                              APR-30-1997
<EXCHANGE-RATE>                                     1
<INVESTMENTS-AT-COST>                           4,151
<INVESTMENTS-AT-VALUE>                          4,373
<RECEIVABLES>                                     346
<ASSETS-OTHER>                                     26
<OTHER-ITEMS-ASSETS>                                0
<TOTAL-ASSETS>                                  4,745
<PAYABLE-FOR-SECURITIES>                           37
<SENIOR-LONG-TERM-DEBT>                             0
<OTHER-ITEMS-LIABILITIES>                           5
<TOTAL-LIABILITIES>                                42
<SENIOR-EQUITY>                                     0
<PAID-IN-CAPITAL-COMMON>                        4,570
<SHARES-COMMON-STOCK>                             142
<SHARES-COMMON-PRIOR>                             110
<ACCUMULATED-NII-CURRENT>                        (12)
<OVERDISTRIBUTION-NII>                              0
<ACCUMULATED-NET-GAINS>                          (77)
<OVERDISTRIBUTION-GAINS>                            0
<ACCUM-APPREC-OR-DEPREC>                          222
<NET-ASSETS>                                    4,703
<DIVIDEND-INCOME>                                  24
<INTEREST-INCOME>                                  12
<OTHER-INCOME>                                      0
<EXPENSES-NET>                                     46
<NET-INVESTMENT-INCOME>                          (10)
<REALIZED-GAINS-CURRENT>                          101
<APPREC-INCREASE-CURRENT>                          99
<NET-CHANGE-FROM-OPS>                             190
<EQUALIZATION>                                      0
<DISTRIBUTIONS-OF-INCOME>                          46
<DISTRIBUTIONS-OF-GAINS>                            0
<DISTRIBUTIONS-OTHER>                               0
<NUMBER-OF-SHARES-SOLD>                           593
<NUMBER-OF-SHARES-REDEEMED>                       304
<SHARES-REINVESTED>                                44
<NET-CHANGE-IN-ASSETS>                          1,224
<ACCUMULATED-NII-PRIOR>                           175
<ACCUMULATED-GAINS-PRIOR>                       (178)
<OVERDISTRIB-NII-PRIOR>                             0
<OVERDIST-NET-GAINS-PRIOR>                          0
<GROSS-ADVISORY-FEES>                              21
<INTEREST-EXPENSE>                                  0
<GROSS-EXPENSE>                                   119
<AVERAGE-NET-ASSETS>                            1,252
<PER-SHARE-NAV-BEGIN>                           10.51
<PER-SHARE-NII>                                  1.30
<PER-SHARE-GAIN-APPREC>                        (0.80)
<PER-SHARE-DIVIDEND>                             0.45
<PER-SHARE-DISTRIBUTIONS>                           0
<RETURNS-OF-CAPITAL>                                0
<PER-SHARE-NAV-END>                             10.56
<EXPENSE-RATIO>                                  2.50
<AVG-DEBT-OUTSTANDING>                              0
<AVG-DEBT-PER-SHARE>                                0
        

</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY INFORMATION EXTRACTED FROM
THE FINANCIAL STATEMENTS OF IDEX SERIES FUND C.A.S.E. PORTFOLIO
FOR THE PERIOD ENDED APRIL 30, 1997, AND IS QUALIFIED IN ITS
ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
<CIK>  0000787623
<NAME>  IDEX SERIES FUND
<SERIES>
   <NUMBER> 113
   <NAME> C.A.S.E. PORTFOLIO/CLASS C
<MULTIPLIER> 1,000
<CURRENCY>  U.S. DOLLARS
       
<S>                                       <C>
<PERIOD-TYPE>                                   6-MOS
<FISCAL-YEAR-END>                        OCT-31-1996
<PERIOD-END>                              APR-30-1997
<EXCHANGE-RATE>                                     1
<INVESTMENTS-AT-COST>                           4,151
<INVESTMENTS-AT-VALUE>                          4,373
<RECEIVABLES>                                     346
<ASSETS-OTHER>                                     26
<OTHER-ITEMS-ASSETS>                                0
<TOTAL-ASSETS>                                  4,745
<PAYABLE-FOR-SECURITIES>                           37
<SENIOR-LONG-TERM-DEBT>                             0
<OTHER-ITEMS-LIABILITIES>                           5
<TOTAL-LIABILITIES>                                42
<SENIOR-EQUITY>                                     0
<PAID-IN-CAPITAL-COMMON>                        4,570
<SHARES-COMMON-STOCK>                              97
<SHARES-COMMON-PRIOR>                              65
<ACCUMULATED-NII-CURRENT>                        (12)
<OVERDISTRIBUTION-NII>                              0
<ACCUMULATED-NET-GAINS>                          (77)
<OVERDISTRIBUTION-GAINS>                            0
<ACCUM-APPREC-OR-DEPREC>                          222
<NET-ASSETS>                                    4,703
<DIVIDEND-INCOME>                                  24
<INTEREST-INCOME>                                  12
<OTHER-INCOME>                                      0
<EXPENSES-NET>                                     46
<NET-INVESTMENT-INCOME>                          (10)
<REALIZED-GAINS-CURRENT>                          101
<APPREC-INCREASE-CURRENT>                          99
<NET-CHANGE-FROM-OPS>                             190
<EQUALIZATION>                                      0
<DISTRIBUTIONS-OF-INCOME>                          42
<DISTRIBUTIONS-OF-GAINS>                            0
<DISTRIBUTIONS-OTHER>                               0
<NUMBER-OF-SHARES-SOLD>                           704
<NUMBER-OF-SHARES-REDEEMED>                       411
<SHARES-REINVESTED>                                42
<NET-CHANGE-IN-ASSETS>                          1,224
<ACCUMULATED-NII-PRIOR>                           175
<ACCUMULATED-GAINS-PRIOR>                       (178)
<OVERDISTRIB-NII-PRIOR>                             0
<OVERDIST-NET-GAINS-PRIOR>                          0
<GROSS-ADVISORY-FEES>                              21
<INTEREST-EXPENSE>                                  0
<GROSS-EXPENSE>                                   119
<AVERAGE-NET-ASSETS>                              997
<PER-SHARE-NAV-BEGIN>                           10.52
<PER-SHARE-NII>                                  1.30
<PER-SHARE-GAIN-APPREC>                        (0.80)
<PER-SHARE-DIVIDEND>                             0.46
<PER-SHARE-DISTRIBUTIONS>                           0
<RETURNS-OF-CAPITAL>                                0
<PER-SHARE-NAV-END>                             10.56
<EXPENSE-RATIO>                                  2.40
<AVG-DEBT-OUTSTANDING>                              0
<AVG-DEBT-PER-SHARE>                                0
        

</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY INFORMATION EXTRACTED FROM
THE FINANCIAL STATEMENTS OF IDEX SERIES FUND VALUE EQUITY
PORTFOLIO FOR THE PERIOD ENDED APRIL 30, 1997, AND IS QUALIFIED
IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
<CIK>  0000787623
<NAME>  IDEX SERIES FUND
<SERIES>
   <NUMBER> 131
   <NAME> VALUE EQUITY PORTFOLIO/CLASS A
<MULTIPLIER> 1,000
<CURRENCY>  U.S. DOLLARS
       
<S>                                       <C>
<PERIOD-TYPE>                                   6-MOS
<FISCAL-YEAR-END>                        OCT-31-1996
<PERIOD-END>                              APR-30-1997
<EXCHANGE-RATE>                                     1
<INVESTMENTS-AT-COST>                           3,914
<INVESTMENTS-AT-VALUE>                          3,951
<RECEIVABLES>                                      26
<ASSETS-OTHER>                                      9
<OTHER-ITEMS-ASSETS>                                0
<TOTAL-ASSETS>                                  3,986
<PAYABLE-FOR-SECURITIES>                            0
<SENIOR-LONG-TERM-DEBT>                             0
<OTHER-ITEMS-LIABILITIES>                          19
<TOTAL-LIABILITIES>                                19
<SENIOR-EQUITY>                                     0
<PAID-IN-CAPITAL-COMMON>                        3,928
<SHARES-COMMON-STOCK>                             227
<SHARES-COMMON-PRIOR>                               0
<ACCUMULATED-NII-CURRENT>                           4
<OVERDISTRIBUTION-NII>                              0
<ACCUMULATED-NET-GAINS>                           (2)
<OVERDISTRIBUTION-GAINS>                            0
<ACCUM-APPREC-OR-DEPREC>                           37
<NET-ASSETS>                                    3,967
<DIVIDEND-INCOME>                                   5
<INTEREST-INCOME>                                  10
<OTHER-INCOME>                                      0
<EXPENSES-NET>                                     11
<NET-INVESTMENT-INCOME>                             4
<REALIZED-GAINS-CURRENT>                          (2)
<APPREC-INCREASE-CURRENT>                          37
<NET-CHANGE-FROM-OPS>                              39
<EQUALIZATION>                                      0
<DISTRIBUTIONS-OF-INCOME>                           0
<DISTRIBUTIONS-OF-GAINS>                            0
<DISTRIBUTIONS-OTHER>                               0
<NUMBER-OF-SHARES-SOLD>                         2,383
<NUMBER-OF-SHARES-REDEEMED>                       110
<SHARES-REINVESTED>                                 0
<NET-CHANGE-IN-ASSETS>                          3,967
<ACCUMULATED-NII-PRIOR>                             0
<ACCUMULATED-GAINS-PRIOR>                           0
<OVERDISTRIB-NII-PRIOR>                             0
<OVERDIST-NET-GAINS-PRIOR>                          0
<GROSS-ADVISORY-FEES>                               6
<INTEREST-EXPENSE>                                  0
<GROSS-EXPENSE>                                    31
<AVERAGE-NET-ASSETS>                            1,492
<PER-SHARE-NAV-BEGIN>                           10.00
<PER-SHARE-NII>                                  0.01
<PER-SHARE-GAIN-APPREC>                          0.11
<PER-SHARE-DIVIDEND>                                0
<PER-SHARE-DISTRIBUTIONS>                           0
<RETURNS-OF-CAPITAL>                                0
<PER-SHARE-NAV-END>                             10.12
<EXPENSE-RATIO>                                  1.50
<AVG-DEBT-OUTSTANDING>                              0
<AVG-DEBT-PER-SHARE>                                0
        

</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY INFORMATION EXTRACTED FROM
THE FINANCIAL STATEMENTS OF IDEX SERIES FUND VALUE EQUITY
PORTFOLIO FOR THE PERIOD ENDED APRIL 30, 1997, AND IS QUALIFIED
IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
<CIK>  0000787623
<NAME>  IDEX SERIES FUND
<SERIES>
   <NUMBER> 132
   <NAME> VALUE EQUITY PORTFOLIO/CLASS B
<MULTIPLIER> 1,000
<CURRENCY>  U.S. DOLLARS
       
<S>                                       <C>
<PERIOD-TYPE>                                   6-MOS
<FISCAL-YEAR-END>                        OCT-31-1996
<PERIOD-END>                              APR-30-1997
<EXCHANGE-RATE>                                     1
<INVESTMENTS-AT-COST>                           3,914
<INVESTMENTS-AT-VALUE>                          3,951
<RECEIVABLES>                                      26
<ASSETS-OTHER>                                      9
<OTHER-ITEMS-ASSETS>                                0
<TOTAL-ASSETS>                                  3,986
<PAYABLE-FOR-SECURITIES>                            0
<SENIOR-LONG-TERM-DEBT>                             0
<OTHER-ITEMS-LIABILITIES>                          19
<TOTAL-LIABILITIES>                                19
<SENIOR-EQUITY>                                     0
<PAID-IN-CAPITAL-COMMON>                        3,928
<SHARES-COMMON-STOCK>                             116
<SHARES-COMMON-PRIOR>                               0
<ACCUMULATED-NII-CURRENT>                           4
<OVERDISTRIBUTION-NII>                              0
<ACCUMULATED-NET-GAINS>                           (2)
<OVERDISTRIBUTION-GAINS>                            0
<ACCUM-APPREC-OR-DEPREC>                           37
<NET-ASSETS>                                    3,967
<DIVIDEND-INCOME>                                   5
<INTEREST-INCOME>                                  10
<OTHER-INCOME>                                      0
<EXPENSES-NET>                                     11
<NET-INVESTMENT-INCOME>                             4
<REALIZED-GAINS-CURRENT>                          (2)
<APPREC-INCREASE-CURRENT>                          37
<NET-CHANGE-FROM-OPS>                              39
<EQUALIZATION>                                      0
<DISTRIBUTIONS-OF-INCOME>                           0
<DISTRIBUTIONS-OF-GAINS>                            0
<DISTRIBUTIONS-OTHER>                               0
<NUMBER-OF-SHARES-SOLD>                         1,172
<NUMBER-OF-SHARES-REDEEMED>                        11
<SHARES-REINVESTED>                                 0
<NET-CHANGE-IN-ASSETS>                          3,967
<ACCUMULATED-NII-PRIOR>                             0
<ACCUMULATED-GAINS-PRIOR>                           0
<OVERDISTRIB-NII-PRIOR>                             0
<OVERDIST-NET-GAINS-PRIOR>                          0
<GROSS-ADVISORY-FEES>                               6
<INTEREST-EXPENSE>                                  0
<GROSS-EXPENSE>                                    31
<AVERAGE-NET-ASSETS>                              797
<PER-SHARE-NAV-BEGIN>                           10.00
<PER-SHARE-NII>                                     0
<PER-SHARE-GAIN-APPREC>                          0.11
<PER-SHARE-DIVIDEND>                                0
<PER-SHARE-DISTRIBUTIONS>                           0
<RETURNS-OF-CAPITAL>                                0
<PER-SHARE-NAV-END>                             10.11
<EXPENSE-RATIO>                                  2.15
<AVG-DEBT-OUTSTANDING>                              0
<AVG-DEBT-PER-SHARE>                                0
        

</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY INFORMATION EXTRACTED FROM
THE FINANCIAL STATEMENTS OF IDEX SERIES FUND VALUE EQUITY
PORTFOLIO FOR THE PERIOD ENDED APRIL 30, 1997, AND IS QUALIFIED
IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
<CIK>  0000787623
<NAME>  IDEX SERIES FUND
<SERIES>
   <NUMBER> 133
   <NAME> VALUE EQUITY PORTFOLIO/CLASS C
<MULTIPLIER> 1,000
<CURRENCY>  U.S. DOLLARS
       
<S>                                       <C>
<PERIOD-TYPE>                                   6-MOS
<FISCAL-YEAR-END>                        OCT-31-1996
<PERIOD-END>                              APR-30-1997
<EXCHANGE-RATE>                                     1
<INVESTMENTS-AT-COST>                           3,914
<INVESTMENTS-AT-VALUE>                          3,951
<RECEIVABLES>                                      26
<ASSETS-OTHER>                                      9
<OTHER-ITEMS-ASSETS>                                0
<TOTAL-ASSETS>                                  3,986
<PAYABLE-FOR-SECURITIES>                            0
<SENIOR-LONG-TERM-DEBT>                             0
<OTHER-ITEMS-LIABILITIES>                          19
<TOTAL-LIABILITIES>                                19
<SENIOR-EQUITY>                                     0
<PAID-IN-CAPITAL-COMMON>                        3,928
<SHARES-COMMON-STOCK>                              49
<SHARES-COMMON-PRIOR>                               0
<ACCUMULATED-NII-CURRENT>                           4
<OVERDISTRIBUTION-NII>                              0
<ACCUMULATED-NET-GAINS>                           (2)
<OVERDISTRIBUTION-GAINS>                            0
<ACCUM-APPREC-OR-DEPREC>                           37
<NET-ASSETS>                                    3,967
<DIVIDEND-INCOME>                                   5
<INTEREST-INCOME>                                  10
<OTHER-INCOME>                                      0
<EXPENSES-NET>                                     11
<NET-INVESTMENT-INCOME>                             4
<REALIZED-GAINS-CURRENT>                          (2)
<APPREC-INCREASE-CURRENT>                          37
<NET-CHANGE-FROM-OPS>                              39
<EQUALIZATION>                                      0
<DISTRIBUTIONS-OF-INCOME>                           0
<DISTRIBUTIONS-OF-GAINS>                            0
<DISTRIBUTIONS-OTHER>                               0
<NUMBER-OF-SHARES-SOLD>                           501
<NUMBER-OF-SHARES-REDEEMED>                         7
<SHARES-REINVESTED>                                 0
<NET-CHANGE-IN-ASSETS>                          3,967
<ACCUMULATED-NII-PRIOR>                             0
<ACCUMULATED-GAINS-PRIOR>                           0
<OVERDISTRIB-NII-PRIOR>                             0
<OVERDIST-NET-GAINS-PRIOR>                          0
<GROSS-ADVISORY-FEES>                               6
<INTEREST-EXPENSE>                                  0
<GROSS-EXPENSE>                                    31
<AVERAGE-NET-ASSETS>                              328
<PER-SHARE-NAV-BEGIN>                           10.00
<PER-SHARE-NII>                                     0
<PER-SHARE-GAIN-APPREC>                          0.11
<PER-SHARE-DIVIDEND>                                0
<PER-SHARE-DISTRIBUTIONS>                           0
<RETURNS-OF-CAPITAL>                                0
<PER-SHARE-NAV-END>                             10.11
<EXPENSE-RATIO>                                  2.05
<AVG-DEBT-OUTSTANDING>                              0
<AVG-DEBT-PER-SHARE>                                0
        

</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY INFORMATION EXTRACTED FROM
THE FINANCIAL STATEMENTS OF IDEX SERIES FUND STRATEGIC TOTAL
RETURN PORTFOLIO FOR THE PERIOD ENDED APRIL 30, 1997, AND IS
QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL
STATEMENTS.
</LEGEND>
<CIK>  0000787623
<NAME>  IDEX SERIES FUND
<SERIES>
   <NUMBER> 081
   <NAME> STRATEGIC TOTAL RETURN PORTFOLIO/CLASS A
<MULTIPLIER> 1,000
<CURRENCY>  U.S. DOLLARS
       
<S>                                       <C>
<PERIOD-TYPE>                                   6-MOS
<FISCAL-YEAR-END>                        OCT-31-1996
<PERIOD-END>                              APR-30-1997
<EXCHANGE-RATE>                                     1
<INVESTMENTS-AT-COST>                          18,603
<INVESTMENTS-AT-VALUE>                         20,704
<RECEIVABLES>                                     122
<ASSETS-OTHER>                                      0
<OTHER-ITEMS-ASSETS>                                0
<TOTAL-ASSETS>                                 20,826
<PAYABLE-FOR-SECURITIES>                          113
<SENIOR-LONG-TERM-DEBT>                             0
<OTHER-ITEMS-LIABILITIES>                          57
<TOTAL-LIABILITIES>                               170
<SENIOR-EQUITY>                                     0
<PAID-IN-CAPITAL-COMMON>                       18,151
<SHARES-COMMON-STOCK>                           1,107
<SHARES-COMMON-PRIOR>                             875
<ACCUMULATED-NII-CURRENT>                          21
<OVERDISTRIBUTION-NII>                              0
<ACCUMULATED-NET-GAINS>                           383
<OVERDISTRIBUTION-GAINS>                            0
<ACCUM-APPREC-OR-DEPREC>                        2,101
<NET-ASSETS>                                   20,656
<DIVIDEND-INCOME>                                 131
<INTEREST-INCOME>                                 149
<OTHER-INCOME>                                      0
<EXPENSES-NET>                                    177
<NET-INVESTMENT-INCOME>                           103
<REALIZED-GAINS-CURRENT>                          386
<APPREC-INCREASE-CURRENT>                         784
<NET-CHANGE-FROM-OPS>                           1,273
<EQUALIZATION>                                      0
<DISTRIBUTIONS-OF-INCOME>                          98
<DISTRIBUTIONS-OF-GAINS>                          379
<DISTRIBUTIONS-OTHER>                               0
<NUMBER-OF-SHARES-SOLD>                         3,976
<NUMBER-OF-SHARES-REDEEMED>                     1,126
<SHARES-REINVESTED>                               382
<NET-CHANGE-IN-ASSETS>                          5,436
<ACCUMULATED-NII-PRIOR>                            34
<ACCUMULATED-GAINS-PRIOR>                         376
<OVERDISTRIB-NII-PRIOR>                             0
<OVERDIST-NET-GAINS-PRIOR>                          0
<GROSS-ADVISORY-FEES>                              88
<INTEREST-EXPENSE>                                  0
<GROSS-EXPENSE>                                   229
<AVERAGE-NET-ASSETS>                           13,572
<PER-SHARE-NAV-BEGIN>                           13.43
<PER-SHARE-NII>                                  0.30
<PER-SHARE-GAIN-APPREC>                          0.76
<PER-SHARE-DIVIDEND>                             0.10
<PER-SHARE-DISTRIBUTIONS>                        0.32
<RETURNS-OF-CAPITAL>                                0
<PER-SHARE-NAV-END>                             14.07
<EXPENSE-RATIO>                                  1.85
<AVG-DEBT-OUTSTANDING>                              0
<AVG-DEBT-PER-SHARE>                                0
        

</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY INFORMATION EXTRACTED FROM
THE FINANCIAL STATEMENTS OF IDEX SERIES FUND STRATEGIC TOTAL
RETURN PORTFOLIO FOR THE PERIOD ENDED APRIL 30, 1997, AND IS
QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL
STATEMENTS.
</LEGEND>
<CIK>  0000787623
<NAME>  IDEX SERIES FUND
<SERIES>
   <NUMBER> 082
   <NAME> STRATEGIC TOTAL RETURN PORTFOLIO/CLASS B
<MULTIPLIER> 1,000
<CURRENCY>  U.S. DOLLARS
       
<S>                                       <C>
<PERIOD-TYPE>                                   6-MOS
<FISCAL-YEAR-END>                        OCT-31-1996
<PERIOD-END>                              APR-30-1997
<EXCHANGE-RATE>                                     1
<INVESTMENTS-AT-COST>                          18,603
<INVESTMENTS-AT-VALUE>                         20,704
<RECEIVABLES>                                     122
<ASSETS-OTHER>                                      0
<OTHER-ITEMS-ASSETS>                                0
<TOTAL-ASSETS>                                 20,826
<PAYABLE-FOR-SECURITIES>                          113
<SENIOR-LONG-TERM-DEBT>                             0
<OTHER-ITEMS-LIABILITIES>                          57
<TOTAL-LIABILITIES>                               170
<SENIOR-EQUITY>                                     0
<PAID-IN-CAPITAL-COMMON>                       18,151
<SHARES-COMMON-STOCK>                             184
<SHARES-COMMON-PRIOR>                             125
<ACCUMULATED-NII-CURRENT>                          21
<OVERDISTRIBUTION-NII>                              0
<ACCUMULATED-NET-GAINS>                           383
<OVERDISTRIBUTION-GAINS>                            0
<ACCUM-APPREC-OR-DEPREC>                        2,101
<NET-ASSETS>                                   20,656
<DIVIDEND-INCOME>                                 131
<INTEREST-INCOME>                                 149
<OTHER-INCOME>                                      0
<EXPENSES-NET>                                    177
<NET-INVESTMENT-INCOME>                           103
<REALIZED-GAINS-CURRENT>                          386
<APPREC-INCREASE-CURRENT>                         784
<NET-CHANGE-FROM-OPS>                           1,273
<EQUALIZATION>                                      0
<DISTRIBUTIONS-OF-INCOME>                           8
<DISTRIBUTIONS-OF-GAINS>                          379
<DISTRIBUTIONS-OTHER>                               0
<NUMBER-OF-SHARES-SOLD>                           924
<NUMBER-OF-SHARES-REDEEMED>                     1,126
<SHARES-REINVESTED>                               382
<NET-CHANGE-IN-ASSETS>                          5,436
<ACCUMULATED-NII-PRIOR>                            34
<ACCUMULATED-GAINS-PRIOR>                         376
<OVERDISTRIB-NII-PRIOR>                             0
<OVERDIST-NET-GAINS-PRIOR>                          0
<GROSS-ADVISORY-FEES>                              88
<INTEREST-EXPENSE>                                  0
<GROSS-EXPENSE>                                   229
<AVERAGE-NET-ASSETS>                            2,124
<PER-SHARE-NAV-BEGIN>                           13.42
<PER-SHARE-NII>                                  0.26
<PER-SHARE-GAIN-APPREC>                          0.76
<PER-SHARE-DIVIDEND>                             0.06
<PER-SHARE-DISTRIBUTIONS>                        0.32
<RETURNS-OF-CAPITAL>                                0
<PER-SHARE-NAV-END>                             14.06
<EXPENSE-RATIO>                                  2.50
<AVG-DEBT-OUTSTANDING>                              0
<AVG-DEBT-PER-SHARE>                                0
        

</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY INFORMATION EXTRACTED FROM
THE FINANCIAL STATEMENTS OF IDEX SERIES FUND STRATEGIC TOTAL
RETURN PORTFOLIO FOR THE PERIOD ENDED APRIL 30, 1997, AND IS
QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL
STATEMENTS.
</LEGEND>
<CIK>  0000787623
<NAME>  IDEX SERIES FUND
<SERIES>
   <NUMBER> 083
   <NAME> STRATEGIC TOTAL RETURN PORTFOLIO/CLASS C
<MULTIPLIER> 1,000
<CURRENCY>  U.S. DOLLARS
       
<S>                                      <C>
<PERIOD-TYPE>                                   6-MOS
<FISCAL-YEAR-END>                        OCT-31-1996
<PERIOD-END>                              APR-30-1997
<EXCHANGE-RATE>                                     1
<INVESTMENTS-AT-COST>                          18,603
<INVESTMENTS-AT-VALUE>                         20,704
<RECEIVABLES>                                     122
<ASSETS-OTHER>                                      0
<OTHER-ITEMS-ASSETS>                                0
<TOTAL-ASSETS>                                 20,826
<PAYABLE-FOR-SECURITIES>                          113
<SENIOR-LONG-TERM-DEBT>                             0
<OTHER-ITEMS-LIABILITIES>                          57
<TOTAL-LIABILITIES>                               170
<SENIOR-EQUITY>                                     0
<PAID-IN-CAPITAL-COMMON>                       18,151
<SHARES-COMMON-STOCK>                             177
<SHARES-COMMON-PRIOR>                             133
<ACCUMULATED-NII-CURRENT>                          21
<OVERDISTRIBUTION-NII>                              0
<ACCUMULATED-NET-GAINS>                           383
<OVERDISTRIBUTION-GAINS>                            0
<ACCUM-APPREC-OR-DEPREC>                        2,101
<NET-ASSETS>                                   20,656
<DIVIDEND-INCOME>                                 131
<INTEREST-INCOME>                                 149
<OTHER-INCOME>                                      0
<EXPENSES-NET>                                    177
<NET-INVESTMENT-INCOME>                           103
<REALIZED-GAINS-CURRENT>                          386
<APPREC-INCREASE-CURRENT>                         784
<NET-CHANGE-FROM-OPS>                           1,273
<EQUALIZATION>                                      0
<DISTRIBUTIONS-OF-INCOME>                          10
<DISTRIBUTIONS-OF-GAINS>                          379
<DISTRIBUTIONS-OTHER>                               0
<NUMBER-OF-SHARES-SOLD>                           996
<NUMBER-OF-SHARES-REDEEMED>                       447
<SHARES-REINVESTED>                                54
<NET-CHANGE-IN-ASSETS>                          5,436
<ACCUMULATED-NII-PRIOR>                            34
<ACCUMULATED-GAINS-PRIOR>                         376
<OVERDISTRIB-NII-PRIOR>                             0
<OVERDIST-NET-GAINS-PRIOR>                          0
<GROSS-ADVISORY-FEES>                              88
<INTEREST-EXPENSE>                                  0
<GROSS-EXPENSE>                                   229
<AVERAGE-NET-ASSETS>                            2,178
<PER-SHARE-NAV-BEGIN>                           13.42
<PER-SHARE-NII>                                  0.26
<PER-SHARE-GAIN-APPREC>                          0.76
<PER-SHARE-DIVIDEND>                             0.06
<PER-SHARE-DISTRIBUTIONS>                        0.32
<RETURNS-OF-CAPITAL>                                0
<PER-SHARE-NAV-END>                             14.06
<EXPENSE-RATIO>                                  2.40
<AVG-DEBT-OUTSTANDING>                              0
<AVG-DEBT-PER-SHARE>                                0
        

</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY INFORMATION EXTRACTED FROM
THE FINANCIAL STATEMENTS OF IDEX SERIES FUND TACTICAL ASSET
ALLOCATION PORTFOLIO FOR THE PERIOD ENDED APRIL 30, 1997,
AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL
STATEMENTS.
</LEGEND>
<CIK>  0000787623
<NAME>  IDEX SERIES FUND
<SERIES>
   <NUMBER> 101
   <NAME> TACTICAL ASSET ALLOCATION PORTFOLIO/CLASS A
<MULTIPLIER> 1,000
<CURRENCY>  U.S. DOLLARS
       
<S>                                       <C>
<PERIOD-TYPE>                                   6-MOS
<FISCAL-YEAR-END>                        OCT-31-1996
<PERIOD-END>                              APR-30-1997
<EXCHANGE-RATE>                                     1
<INVESTMENTS-AT-COST>                          20,708
<INVESTMENTS-AT-VALUE>                         21,905
<RECEIVABLES>                                      78
<ASSETS-OTHER>                                      1
<OTHER-ITEMS-ASSETS>                                0
<TOTAL-ASSETS>                                 21,984
<PAYABLE-FOR-SECURITIES>                            0
<SENIOR-LONG-TERM-DEBT>                             0
<OTHER-ITEMS-LIABILITIES>                         105
<TOTAL-LIABILITIES>                               105
<SENIOR-EQUITY>                                     0
<PAID-IN-CAPITAL-COMMON>                       20,039
<SHARES-COMMON-STOCK>                             913
<SHARES-COMMON-PRIOR>                             750
<ACCUMULATED-NII-CURRENT>                          33
<OVERDISTRIBUTION-NII>                              0
<ACCUMULATED-NET-GAINS>                           609
<OVERDISTRIBUTION-GAINS>                            0
<ACCUM-APPREC-OR-DEPREC>                        1,198
<NET-ASSETS>                                   21,879
<DIVIDEND-INCOME>                                  89
<INTEREST-INCOME>                                 254
<OTHER-INCOME>                                      0
<EXPENSES-NET>                                    264
<NET-INVESTMENT-INCOME>                           127
<REALIZED-GAINS-CURRENT>                          612
<APPREC-INCREASE-CURRENT>                         493
<NET-CHANGE-FROM-OPS>                           1,232
<EQUALIZATION>                                      0
<DISTRIBUTIONS-OF-INCOME>                          67
<DISTRIBUTIONS-OF-GAINS>                           65
<DISTRIBUTIONS-OTHER>                               0
<NUMBER-OF-SHARES-SOLD>                         3,361
<NUMBER-OF-SHARES-REDEEMED>                     1,544
<SHARES-REINVESTED>                                94
<NET-CHANGE-IN-ASSETS>                          3,712
<ACCUMULATED-NII-PRIOR>                            14
<ACCUMULATED-GAINS-PRIOR>                          62
<OVERDISTRIB-NII-PRIOR>                             0
<OVERDIST-NET-GAINS-PRIOR>                          0
<GROSS-ADVISORY-FEES>                             100
<INTEREST-EXPENSE>                                  0
<GROSS-EXPENSE>                                   264
<AVERAGE-NET-ASSETS>                            9,750
<PER-SHARE-NAV-BEGIN>                           11.19
<PER-SHARE-NII>                                  0.26
<PER-SHARE-GAIN-APPREC>                          0.50
<PER-SHARE-DIVIDEND>                             0.08
<PER-SHARE-DISTRIBUTIONS>                        0.04
<RETURNS-OF-CAPITAL>                                0
<PER-SHARE-NAV-END>                             11.83
<EXPENSE-RATIO>                                  1.85
<AVG-DEBT-OUTSTANDING>                              0
<AVG-DEBT-PER-SHARE>                                0
        

</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY INFORMATION EXTRACTED FROM
THE FINANCIAL STATEMENTS OF IDEX SERIES FUND TACTICAL ASSET
ALLOCATION PORTFOLIO FOR THE PERIOD ENDED APRIL 30, 1997,
AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL
STATEMENTS.
</LEGEND>
<CIK>  0000787623
<NAME>  IDEX SERIES FUND
<SERIES>
   <NUMBER> 102
   <NAME> TACTICAL ASSET ALLOCATION PORTFOLIO/CLASS B
<MULTIPLIER> 1,000
<CURRENCY>  U.S. DOLLARS
       
<S>                                       <C>
<PERIOD-TYPE>                                   6-MOS
<FISCAL-YEAR-END>                        OCT-31-1996
<PERIOD-END>                              APR-30-1997
<EXCHANGE-RATE>                                     1
<INVESTMENTS-AT-COST>                          20,708
<INVESTMENTS-AT-VALUE>                         21,905
<RECEIVABLES>                                      78
<ASSETS-OTHER>                                      1
<OTHER-ITEMS-ASSETS>                                0
<TOTAL-ASSETS>                                 21,984
<PAYABLE-FOR-SECURITIES>                            0
<SENIOR-LONG-TERM-DEBT>                             0
<OTHER-ITEMS-LIABILITIES>                         105
<TOTAL-LIABILITIES>                               105
<SENIOR-EQUITY>                                     0
<PAID-IN-CAPITAL-COMMON>                       20,039
<SHARES-COMMON-STOCK>                             617
<SHARES-COMMON-PRIOR>                             449
<ACCUMULATED-NII-CURRENT>                          33
<OVERDISTRIBUTION-NII>                              0
<ACCUMULATED-NET-GAINS>                           609
<OVERDISTRIBUTION-GAINS>                            0
<ACCUM-APPREC-OR-DEPREC>                        1,198
<NET-ASSETS>                                   21,879
<DIVIDEND-INCOME>                                  89
<INTEREST-INCOME>                                 254
<OTHER-INCOME>                                      0
<EXPENSES-NET>                                    216
<NET-INVESTMENT-INCOME>                           127
<REALIZED-GAINS-CURRENT>                          612
<APPREC-INCREASE-CURRENT>                         493
<NET-CHANGE-FROM-OPS>                           1,232
<EQUALIZATION>                                      0
<DISTRIBUTIONS-OF-INCOME>                          23
<DISTRIBUTIONS-OF-GAINS>                           65
<DISTRIBUTIONS-OTHER>                               0
<NUMBER-OF-SHARES-SOLD>                         2,523
<NUMBER-OF-SHARES-REDEEMED>                       592
<SHARES-REINVESTED>                                41
<NET-CHANGE-IN-ASSETS>                          3,712
<ACCUMULATED-NII-PRIOR>                            14
<ACCUMULATED-GAINS-PRIOR>                          62
<OVERDISTRIB-NII-PRIOR>                             0
<OVERDIST-NET-GAINS-PRIOR>                          0
<GROSS-ADVISORY-FEES>                             100
<INTEREST-EXPENSE>                                  0
<GROSS-EXPENSE>                                   264
<AVERAGE-NET-ASSETS>                            6,239
<PER-SHARE-NAV-BEGIN>                           11.18
<PER-SHARE-NII>                                  0.22
<PER-SHARE-GAIN-APPREC>                          0.50
<PER-SHARE-DIVIDEND>                             0.04
<PER-SHARE-DISTRIBUTIONS>                        0.04
<RETURNS-OF-CAPITAL>                                0
<PER-SHARE-NAV-END>                             11.82
<EXPENSE-RATIO>                                  2.50
<AVG-DEBT-OUTSTANDING>                              0
<AVG-DEBT-PER-SHARE>                                0
        

</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY INFORMATION EXTRACTED FROM
THE FINANCIAL STATEMENTS OF IDEX SERIES FUND TACTICAL ASSET
ALLOCATION PORTFOLIO FOR THE PERIOD ENDED APRIL 30, 1997,
AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL
STATEMENTS.
</LEGEND>
<CIK>  0000787623
<NAME>  IDEX SERIES FUND
<SERIES>
   <NUMBER> 103
   <NAME> TACTICAL ASSET ALLOCATION PORTFOLIO/CLASS C
<MULTIPLIER> 1,000
<CURRENCY>  U.S. DOLLARS
       
<S>                                       <C>
<PERIOD-TYPE>                                   6-MOS
<FISCAL-YEAR-END>                        OCT-31-1996
<PERIOD-END>                              APR-30-1997
<EXCHANGE-RATE>                                     1
<INVESTMENTS-AT-COST>                          20,708
<INVESTMENTS-AT-VALUE>                         21,905
<RECEIVABLES>                                      78
<ASSETS-OTHER>                                      1
<OTHER-ITEMS-ASSETS>                                0
<TOTAL-ASSETS>                                 21,984
<PAYABLE-FOR-SECURITIES>                            0
<SENIOR-LONG-TERM-DEBT>                             0
<OTHER-ITEMS-LIABILITIES>                         105
<TOTAL-LIABILITIES>                               105
<SENIOR-EQUITY>                                     0
<PAID-IN-CAPITAL-COMMON>                       20,039
<SHARES-COMMON-STOCK>                             320
<SHARES-COMMON-PRIOR>                             425
<ACCUMULATED-NII-CURRENT>                          33
<OVERDISTRIBUTION-NII>                              0
<ACCUMULATED-NET-GAINS>                           609
<OVERDISTRIBUTION-GAINS>                            0
<ACCUM-APPREC-OR-DEPREC>                        1,198
<NET-ASSETS>                                   21,879
<DIVIDEND-INCOME>                                  89
<INTEREST-INCOME>                                 254
<OTHER-INCOME>                                      0
<EXPENSES-NET>                                    216
<NET-INVESTMENT-INCOME>                           127
<REALIZED-GAINS-CURRENT>                          612
<APPREC-INCREASE-CURRENT>                         493
<NET-CHANGE-FROM-OPS>                           1,232
<EQUALIZATION>                                      0
<DISTRIBUTIONS-OF-INCOME>                          18
<DISTRIBUTIONS-OF-GAINS>                           65
<DISTRIBUTIONS-OTHER>                               0
<NUMBER-OF-SHARES-SOLD>                         1,654
<NUMBER-OF-SHARES-REDEEMED>                     2,919
<SHARES-REINVESTED>                                35
<NET-CHANGE-IN-ASSETS>                          3,712
<ACCUMULATED-NII-PRIOR>                            14
<ACCUMULATED-GAINS-PRIOR>                          62
<OVERDISTRIB-NII-PRIOR>                             0
<OVERDIST-NET-GAINS-PRIOR>                          0
<GROSS-ADVISORY-FEES>                             100
<INTEREST-EXPENSE>                                  0
<GROSS-EXPENSE>                                   264
<AVERAGE-NET-ASSETS>                            4,176
<PER-SHARE-NAV-BEGIN>                           11.18
<PER-SHARE-NII>                                  0.23
<PER-SHARE-GAIN-APPREC>                          0.50
<PER-SHARE-DIVIDEND>                             0.05
<PER-SHARE-DISTRIBUTIONS>                        0.04
<RETURNS-OF-CAPITAL>                                0
<PER-SHARE-NAV-END>                             11.82
<EXPENSE-RATIO>                                  2.40
<AVG-DEBT-OUTSTANDING>                              0
<AVG-DEBT-PER-SHARE>                                0
        

</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY INFORMATION EXTRACTED FROM
THE FINANCIAL STATEMENTS OF IDEX SERIES FUND BALANCED PORTFOLIO
FOR THE PERIOD ENDED APRIL 30, 1997, AND IS QUALIFIED IN ITS
ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
<CIK>  0000787623
<NAME>  IDEX SERIES FUND
<SERIES>
   <NUMBER> 091
   <NAME> BALANCED PORTFOLIO/CLASS A
<MULTIPLIER> 1,000
<CURRENCY>  U.S. DOLLARS
       
<S>                                       <C>
<PERIOD-TYPE>                                   6-MOS
<FISCAL-YEAR-END>                        OCT-31-1996
<PERIOD-END>                              APR-30-1997
<EXCHANGE-RATE>                                     1
<INVESTMENTS-AT-COST>                          11,851
<INVESTMENTS-AT-VALUE>                         12,672
<RECEIVABLES>                                     407
<ASSETS-OTHER>                                     13
<OTHER-ITEMS-ASSETS>                                0
<TOTAL-ASSETS>                                 13,092
<PAYABLE-FOR-SECURITIES>                          277
<SENIOR-LONG-TERM-DEBT>                             0
<OTHER-ITEMS-LIABILITIES>                          18
<TOTAL-LIABILITIES>                               295
<SENIOR-EQUITY>                                     0
<PAID-IN-CAPITAL-COMMON>                       11,623
<SHARES-COMMON-STOCK>                             800
<SHARES-COMMON-PRIOR>                             619
<ACCUMULATED-NII-CURRENT>                          26
<OVERDISTRIBUTION-NII>                              0
<ACCUMULATED-NET-GAINS>                           332
<OVERDISTRIBUTION-GAINS>                            0
<ACCUM-APPREC-OR-DEPREC>                          816
<NET-ASSETS>                                   12,797
<DIVIDEND-INCOME>                                  55
<INTEREST-INCOME>                                 149
<OTHER-INCOME>                                      0
<EXPENSES-NET>                                    180
<NET-INVESTMENT-INCOME>                            90
<REALIZED-GAINS-CURRENT>                          341
<APPREC-INCREASE-CURRENT>                         189
<NET-CHANGE-FROM-OPS>                             620
<EQUALIZATION>                                      0
<DISTRIBUTIONS-OF-INCOME>                          75
<DISTRIBUTIONS-OF-GAINS>                        1,367
<DISTRIBUTIONS-OTHER>                               0
<NUMBER-OF-SHARES-SOLD>                         1,928
<NUMBER-OF-SHARES-REDEEMED>                       864
<SHARES-REINVESTED>                             1,171
<NET-CHANGE-IN-ASSETS>                          2,550
<ACCUMULATED-NII-PRIOR>                            23
<ACCUMULATED-GAINS-PRIOR>                       1,358
<OVERDISTRIB-NII-PRIOR>                             0
<OVERDIST-NET-GAINS-PRIOR>                          0
<GROSS-ADVISORY-FEES>                              57
<INTEREST-EXPENSE>                                  0
<GROSS-EXPENSE>                                   180
<AVERAGE-NET-ASSETS>                            9,231
<PER-SHARE-NAV-BEGIN>                           13.58
<PER-SHARE-NII>                                  0.34
<PER-SHARE-GAIN-APPREC>                          0.39
<PER-SHARE-DIVIDEND>                             0.11
<PER-SHARE-DISTRIBUTIONS>                        1.75
<RETURNS-OF-CAPITAL>                                0
<PER-SHARE-NAV-END>                             12.45
<EXPENSE-RATIO>                                  1.85
<AVG-DEBT-OUTSTANDING>                              0
<AVG-DEBT-PER-SHARE>                                0
        

</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY INFORMATION EXTRACTED FROM
THE FINANCIAL STATEMENTS OF IDEX SERIES FUND BALANCED PORTFOLIO
FOR THE PERIOD ENDED APRIL 30, 1997, AND IS QUALIFIED IN ITS
ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
<CIK>  0000787623
<NAME>  IDEX SERIES FUND
<SERIES>
   <NUMBER> 092
   <NAME> BALANCED PORTFOLIO/CLASS B
<MULTIPLIER> 1,000
<CURRENCY>  U.S. DOLLARS
       
<S>                                       <C>
<PERIOD-TYPE>                                   6-MOS
<FISCAL-YEAR-END>                        OCT-31-1996
<PERIOD-END>                              APR-30-1997
<EXCHANGE-RATE>                                     1
<INVESTMENTS-AT-COST>                          11,851
<INVESTMENTS-AT-VALUE>                         12,672
<RECEIVABLES>                                     407
<ASSETS-OTHER>                                     13
<OTHER-ITEMS-ASSETS>                                0
<TOTAL-ASSETS>                                 13,092
<PAYABLE-FOR-SECURITIES>                          277
<SENIOR-LONG-TERM-DEBT>                             0
<OTHER-ITEMS-LIABILITIES>                          18
<TOTAL-LIABILITIES>                               295
<SENIOR-EQUITY>                                     0
<PAID-IN-CAPITAL-COMMON>                       11,623
<SHARES-COMMON-STOCK>                             140
<SHARES-COMMON-PRIOR>                              65
<ACCUMULATED-NII-CURRENT>                          26
<OVERDISTRIBUTION-NII>                              0
<ACCUMULATED-NET-GAINS>                           332
<OVERDISTRIBUTION-GAINS>                            0
<ACCUM-APPREC-OR-DEPREC>                          816
<NET-ASSETS>                                   12,797
<DIVIDEND-INCOME>                                  55
<INTEREST-INCOME>                                 149
<OTHER-INCOME>                                      0
<EXPENSES-NET>                                    180
<NET-INVESTMENT-INCOME>                            90
<REALIZED-GAINS-CURRENT>                          341
<APPREC-INCREASE-CURRENT>                         189
<NET-CHANGE-FROM-OPS>                             620
<EQUALIZATION>                                      0
<DISTRIBUTIONS-OF-INCOME>                           7
<DISTRIBUTIONS-OF-GAINS>                        1,367
<DISTRIBUTIONS-OTHER>                               0
<NUMBER-OF-SHARES-SOLD>                           996
<NUMBER-OF-SHARES-REDEEMED>                       172
<SHARES-REINVESTED>                               125
<NET-CHANGE-IN-ASSETS>                          2,550
<ACCUMULATED-NII-PRIOR>                            23
<ACCUMULATED-GAINS-PRIOR>                       1,358
<OVERDISTRIB-NII-PRIOR>                             0
<OVERDIST-NET-GAINS-PRIOR>                          0
<GROSS-ADVISORY-FEES>                              57
<INTEREST-EXPENSE>                                  0
<GROSS-EXPENSE>                                   180
<AVERAGE-NET-ASSETS>                            1,299
<PER-SHARE-NAV-BEGIN>                           13.56
<PER-SHARE-NII>                                  0.30
<PER-SHARE-GAIN-APPREC>                          0.39
<PER-SHARE-DIVIDEND>                             0.06
<PER-SHARE-DISTRIBUTIONS>                        1.75
<RETURNS-OF-CAPITAL>                                0
<PER-SHARE-NAV-END>                             12.44
<EXPENSE-RATIO>                                  2.50
<AVG-DEBT-OUTSTANDING>                              0
<AVG-DEBT-PER-SHARE>                                0
        

</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY INFORMATION EXTRACTED FROM
THE FINANCIAL STATEMENTS OF IDEX SERIES FUND BALANCED PORTFOLIO
FOR THE PERIOD ENDED APRIL 30, 1997, AND IS QUALIFIED IN ITS
ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
<CIK>  0000787623
<NAME>  IDEX SERIES FUND
<SERIES>
   <NUMBER> 093
   <NAME> BALANCED PORTFOLIO/CLASS C
<MULTIPLIER> 1,000
<CURRENCY>  U.S. DOLLARS
       
<S>                                       <C>
<PERIOD-TYPE>                                   6-MOS
<FISCAL-YEAR-END>                        OCT-31-1996
<PERIOD-END>                              APR-30-1997
<EXCHANGE-RATE>                                     1
<INVESTMENTS-AT-COST>                          11,851
<INVESTMENTS-AT-VALUE>                         12,672
<RECEIVABLES>                                     407
<ASSETS-OTHER>                                     13
<OTHER-ITEMS-ASSETS>                                0
<TOTAL-ASSETS>                                 13,092
<PAYABLE-FOR-SECURITIES>                          277
<SENIOR-LONG-TERM-DEBT>                             0
<OTHER-ITEMS-LIABILITIES>                          18
<TOTAL-LIABILITIES>                               295
<SENIOR-EQUITY>                                     0
<PAID-IN-CAPITAL-COMMON>                       11,623
<SHARES-COMMON-STOCK>                              88
<SHARES-COMMON-PRIOR>                              71
<ACCUMULATED-NII-CURRENT>                          26
<OVERDISTRIBUTION-NII>                              0
<ACCUMULATED-NET-GAINS>                           332
<OVERDISTRIBUTION-GAINS>                            0
<ACCUM-APPREC-OR-DEPREC>                          816
<NET-ASSETS>                                   12,797
<DIVIDEND-INCOME>                                  55
<INTEREST-INCOME>                                 149
<OTHER-INCOME>                                      0
<EXPENSES-NET>                                    114
<NET-INVESTMENT-INCOME>                            90
<REALIZED-GAINS-CURRENT>                          341
<APPREC-INCREASE-CURRENT>                         189
<NET-CHANGE-FROM-OPS>                             620
<EQUALIZATION>                                      0
<DISTRIBUTIONS-OF-INCOME>                           6
<DISTRIBUTIONS-OF-GAINS>                        1,367
<DISTRIBUTIONS-OTHER>                               0
<NUMBER-OF-SHARES-SOLD>                           393
<NUMBER-OF-SHARES-REDEEMED>                       306
<SHARES-REINVESTED>                               114
<NET-CHANGE-IN-ASSETS>                          2,550
<ACCUMULATED-NII-PRIOR>                            23
<ACCUMULATED-GAINS-PRIOR>                       1,358
<OVERDISTRIB-NII-PRIOR>                             0
<OVERDIST-NET-GAINS-PRIOR>                          0
<GROSS-ADVISORY-FEES>                              57
<INTEREST-EXPENSE>                                  0
<GROSS-EXPENSE>                                   180
<AVERAGE-NET-ASSETS>                            1,076
<PER-SHARE-NAV-BEGIN>                           13.57
<PER-SHARE-NII>                                  0.30
<PER-SHARE-GAIN-APPREC>                          0.39
<PER-SHARE-DIVIDEND>                             0.07
<PER-SHARE-DISTRIBUTIONS>                        1.75
<RETURNS-OF-CAPITAL>                                0
<PER-SHARE-NAV-END>                             12.44
<EXPENSE-RATIO>                                  2.40
<AVG-DEBT-OUTSTANDING>                              0
<AVG-DEBT-PER-SHARE>                                0
        

</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY INFORMATION EXTRACTED FROM
THE FINANCIAL STATEMENTS OF IDEX SERIES FUND FLEXIBLE INCOME
PORTFOLIO FOR THE PERIOD ENDED APRIL 30, 1997, AND IS QUALIFIED
IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
<CIK>  0000787623
<NAME>  IDEX SERIES FUND
<SERIES>
   <NUMBER> 051
   <NAME> FLEXIBLE INCOME PORTFOLIO/CLASS A
<MULTIPLIER> 1,000
<CURRENCY>  U.S. DOLLARS
       
<S>                                     <C>
<PERIOD-TYPE>                                   6-MOS
<FISCAL-YEAR-END>                        OCT-31-1996
<PERIOD-END>                              APR-30-1997
<EXCHANGE-RATE>                                     1
<INVESTMENTS-AT-COST>                          16,440
<INVESTMENTS-AT-VALUE>                         16,546
<RECEIVABLES>                                     421
<ASSETS-OTHER>                                     15
<OTHER-ITEMS-ASSETS>                                0
<TOTAL-ASSETS>                                 16,982
<PAYABLE-FOR-SECURITIES>                            0
<SENIOR-LONG-TERM-DEBT>                             0
<OTHER-ITEMS-LIABILITIES>                          76
<TOTAL-LIABILITIES>                                76
<SENIOR-EQUITY>                                     0
<PAID-IN-CAPITAL-COMMON>                       19,333
<SHARES-COMMON-STOCK>                           1,667
<SHARES-COMMON-PRIOR>                           1,823
<ACCUMULATED-NII-CURRENT>                          44
<OVERDISTRIBUTION-NII>                              0
<ACCUMULATED-NET-GAINS>                       (2,588)
<OVERDISTRIBUTION-GAINS>                            0
<ACCUM-APPREC-OR-DEPREC>                          117
<NET-ASSETS>                                   16,906
<DIVIDEND-INCOME>                                   5
<INTEREST-INCOME>                                 724
<OTHER-INCOME>                                      0
<EXPENSES-NET>                                    199
<NET-INVESTMENT-INCOME>                           562
<REALIZED-GAINS-CURRENT>                          162
<APPREC-INCREASE-CURRENT>                       (249)
<NET-CHANGE-FROM-OPS>                             475
<EQUALIZATION>                                      0
<DISTRIBUTIONS-OF-INCOME>                         526
<DISTRIBUTIONS-OF-GAINS>                            0
<DISTRIBUTIONS-OTHER>                               0
<NUMBER-OF-SHARES-SOLD>                           436
<NUMBER-OF-SHARES-REDEEMED>                     2,303
<SHARES-REINVESTED>                               407
<NET-CHANGE-IN-ASSETS>                        (1,463)
<ACCUMULATED-NII-PRIOR>                            48
<ACCUMULATED-GAINS-PRIOR>                     (2,750)
<OVERDISTRIB-NII-PRIOR>                             0
<OVERDIST-NET-GAINS-PRIOR>                          0
<GROSS-ADVISORY-FEES>                              79
<INTEREST-EXPENSE>                                  0
<GROSS-EXPENSE>                                   199
<AVERAGE-NET-ASSETS>                           16,310
<PER-SHARE-NAV-BEGIN>                            9.33
<PER-SHARE-NII>                                  1.13
<PER-SHARE-GAIN-APPREC>                        (0.89)
<PER-SHARE-DIVIDEND>                             0.30
<PER-SHARE-DISTRIBUTIONS>                           0
<RETURNS-OF-CAPITAL>                                0
<PER-SHARE-NAV-END>                              9.27
<EXPENSE-RATIO>                                  1.85
<AVG-DEBT-OUTSTANDING>                              0
<AVG-DEBT-PER-SHARE>                                0
        

</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY INFORMATION EXTRACTED FROM
THE FINANCIAL STATEMENTS OF IDEX SERIES FUND FLEXIBLE INCOME
PORTFOLIO FOR THE PERIOD ENDED APRIL 30, 1997, AND IS QUALIFIED
IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
<CIK>  0000787623
<NAME>  IDEX SERIES FUND
<SERIES>
   <NUMBER> 052
   <NAME> FLEXIBLE INCOME PORTFOLIO/CLASS B
<MULTIPLIER> 1,000
<CURRENCY>  U.S. DOLLARS
       
<S>                                       <C>
<PERIOD-TYPE>                                   6-MOS
<FISCAL-YEAR-END>                        OCT-31-1996
<PERIOD-END>                              APR-30-1997
<EXCHANGE-RATE>                                     1
<INVESTMENTS-AT-COST>                          16,440
<INVESTMENTS-AT-VALUE>                         16,546
<RECEIVABLES>                                     421
<ASSETS-OTHER>                                     15
<OTHER-ITEMS-ASSETS>                                0
<TOTAL-ASSETS>                                 16,982
<PAYABLE-FOR-SECURITIES>                            0
<SENIOR-LONG-TERM-DEBT>                             0
<OTHER-ITEMS-LIABILITIES>                          76
<TOTAL-LIABILITIES>                                76
<SENIOR-EQUITY>                                     0
<PAID-IN-CAPITAL-COMMON>                       19,333
<SHARES-COMMON-STOCK>                              67
<SHARES-COMMON-PRIOR>                              56
<ACCUMULATED-NII-CURRENT>                          44
<OVERDISTRIBUTION-NII>                              0
<ACCUMULATED-NET-GAINS>                       (2,588)
<OVERDISTRIBUTION-GAINS>                            0
<ACCUM-APPREC-OR-DEPREC>                          117
<NET-ASSETS>                                   16,906
<DIVIDEND-INCOME>                                   5
<INTEREST-INCOME>                                 724
<OTHER-INCOME>                                      0
<EXPENSES-NET>                                    167
<NET-INVESTMENT-INCOME>                           562
<REALIZED-GAINS-CURRENT>                          162
<APPREC-INCREASE-CURRENT>                       (249)
<NET-CHANGE-FROM-OPS>                             475
<EQUALIZATION>                                      0
<DISTRIBUTIONS-OF-INCOME>                          16
<DISTRIBUTIONS-OF-GAINS>                            0
<DISTRIBUTIONS-OTHER>                               0
<NUMBER-OF-SHARES-SOLD>                           140
<NUMBER-OF-SHARES-REDEEMED>                        51
<SHARES-REINVESTED>                                13
<NET-CHANGE-IN-ASSETS>                        (1,463)
<ACCUMULATED-NII-PRIOR>                            48
<ACCUMULATED-GAINS-PRIOR>                     (2,750)
<OVERDISTRIB-NII-PRIOR>                             0
<OVERDIST-NET-GAINS-PRIOR>                          0
<GROSS-ADVISORY-FEES>                              79
<INTEREST-EXPENSE>                                  0
<GROSS-EXPENSE>                                   199
<AVERAGE-NET-ASSETS>                              572
<PER-SHARE-NAV-BEGIN>                            9.32
<PER-SHARE-NII>                                  1.11
<PER-SHARE-GAIN-APPREC>                        (0.89)
<PER-SHARE-DIVIDEND>                             0.27
<PER-SHARE-DISTRIBUTIONS>                           0
<RETURNS-OF-CAPITAL>                                0
<PER-SHARE-NAV-END>                              9.27
<EXPENSE-RATIO>                                  2.50
<AVG-DEBT-OUTSTANDING>                              0
<AVG-DEBT-PER-SHARE>                                0
        

</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY INFORMATION EXTRACTED FROM
THE FINANCIAL STATEMENTS OF IDEX SERIES FUND FLEXIBLE INCOME
PORTFOLIO FOR THE PERIOD ENDED APRIL 30, 1997, AND IS QUALIFIED
IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
<CIK>  0000787623
<NAME>  IDEX SERIES FUND
<SERIES>
   <NUMBER> 053
   <NAME> FLEXIBLE INCOME PORTFOLIO/CLASS C
<MULTIPLIER> 1,000
<CURRENCY>  U.S. DOLLARS
       
<S>                                       <C>
<PERIOD-TYPE>                                   6-MOS
<FISCAL-YEAR-END>                        OCT-31-1996
<PERIOD-END>                              APR-30-1997
<EXCHANGE-RATE>                                     1
<INVESTMENTS-AT-COST>                          16,440
<INVESTMENTS-AT-VALUE>                         16,546
<RECEIVABLES>                                     421
<ASSETS-OTHER>                                     15
<OTHER-ITEMS-ASSETS>                                0
<TOTAL-ASSETS>                                 16,982
<PAYABLE-FOR-SECURITIES>                            0
<SENIOR-LONG-TERM-DEBT>                             0
<OTHER-ITEMS-LIABILITIES>                          76
<TOTAL-LIABILITIES>                                76
<SENIOR-EQUITY>                                     0
<PAID-IN-CAPITAL-COMMON>                       19,333
<SHARES-COMMON-STOCK>                              89
<SHARES-COMMON-PRIOR>                              91
<ACCUMULATED-NII-CURRENT>                          44
<OVERDISTRIBUTION-NII>                              0
<ACCUMULATED-NET-GAINS>                       (2,588)
<OVERDISTRIBUTION-GAINS>                            0
<ACCUM-APPREC-OR-DEPREC>                          117
<NET-ASSETS>                                   16,906
<DIVIDEND-INCOME>                                   5
<INTEREST-INCOME>                                 724
<OTHER-INCOME>                                      0
<EXPENSES-NET>                                    167
<NET-INVESTMENT-INCOME>                           562
<REALIZED-GAINS-CURRENT>                          162
<APPREC-INCREASE-CURRENT>                       (249)
<NET-CHANGE-FROM-OPS>                             475
<EQUALIZATION>                                      0
<DISTRIBUTIONS-OF-INCOME>                          24
<DISTRIBUTIONS-OF-GAINS>                            0
<DISTRIBUTIONS-OTHER>                               0
<NUMBER-OF-SHARES-SOLD>                           262
<NUMBER-OF-SHARES-REDEEMED>                       298
<SHARES-REINVESTED>                                22
<NET-CHANGE-IN-ASSETS>                        (1,463)
<ACCUMULATED-NII-PRIOR>                            48
<ACCUMULATED-GAINS-PRIOR>                     (2,750)
<OVERDISTRIB-NII-PRIOR>                             0
<OVERDIST-NET-GAINS-PRIOR>                          0
<GROSS-ADVISORY-FEES>                              79
<INTEREST-EXPENSE>                                  0
<GROSS-EXPENSE>                                   199
<AVERAGE-NET-ASSETS>                              806
<PER-SHARE-NAV-BEGIN>                            9.32
<PER-SHARE-NII>                                  1.11
<PER-SHARE-GAIN-APPREC>                        (0.89)
<PER-SHARE-DIVIDEND>                             0.27
<PER-SHARE-DISTRIBUTIONS>                           0
<RETURNS-OF-CAPITAL>                                0
<PER-SHARE-NAV-END>                              9.27
<EXPENSE-RATIO>                                  2.40
<AVG-DEBT-OUTSTANDING>                              0
<AVG-DEBT-PER-SHARE>                                0
        

</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY INFORMATION EXTRACTED FROM
THE FINANCIAL STATEMENTS OF IDEX SERIES FUND INCOME PLUS
PORTFOLIO FOR THE PERIOD ENDED APRIL 30, 1997, AND IS QUALIFIED
IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
<CIK>  0000787623
<NAME>  IDEX SERIES FUND
<SERIES>
   <NUMBER> 031
   <NAME> INCOME PLUS PORTFOLIO/CLASS A
<MULTIPLIER> 1,000
<CURRENCY>  U.S. DOLLARS
       
<S>                                       <C>
<PERIOD-TYPE>                                   6-MOS
<FISCAL-YEAR-END>                        OCT-31-1996
<PERIOD-END>                              APR-30-1997
<EXCHANGE-RATE>                                     1
<INVESTMENTS-AT-COST>                          64,981
<INVESTMENTS-AT-VALUE>                         66,323
<RECEIVABLES>                                   1,377
<ASSETS-OTHER>                                    509
<OTHER-ITEMS-ASSETS>                                0
<TOTAL-ASSETS>                                 68,209
<PAYABLE-FOR-SECURITIES>                            0
<SENIOR-LONG-TERM-DEBT>                             0
<OTHER-ITEMS-LIABILITIES>                         712
<TOTAL-LIABILITIES>                               712
<SENIOR-EQUITY>                                     0
<PAID-IN-CAPITAL-COMMON>                       65,905
<SHARES-COMMON-STOCK>                           6,121
<SHARES-COMMON-PRIOR>                           6,247
<ACCUMULATED-NII-CURRENT>                         214
<OVERDISTRIBUTION-NII>                              0
<ACCUMULATED-NET-GAINS>                            37
<OVERDISTRIBUTION-GAINS>                            0
<ACCUM-APPREC-OR-DEPREC>                        1,341
<NET-ASSETS>                                   67,497
<DIVIDEND-INCOME>                                 204
<INTEREST-INCOME>                               2,785
<OTHER-INCOME>                                      0
<EXPENSES-NET>                                    451
<NET-INVESTMENT-INCOME>                         2,538
<REALIZED-GAINS-CURRENT>                          194
<APPREC-INCREASE-CURRENT>                       (845)
<NET-CHANGE-FROM-OPS>                           1,887
<EQUALIZATION>                                      0
<DISTRIBUTIONS-OF-INCOME>                       2,434
<DISTRIBUTIONS-OF-GAINS>                          632
<DISTRIBUTIONS-OTHER>                               0
<NUMBER-OF-SHARES-SOLD>                         3,337
<NUMBER-OF-SHARES-REDEEMED>                     6,893
<SHARES-REINVESTED>                             2,247
<NET-CHANGE-IN-ASSETS>                        (2,373)
<ACCUMULATED-NII-PRIOR>                           243
<ACCUMULATED-GAINS-PRIOR>                         474
<OVERDISTRIB-NII-PRIOR>                             0
<OVERDIST-NET-GAINS-PRIOR>                          0
<GROSS-ADVISORY-FEES>                             207
<INTEREST-EXPENSE>                                  0
<GROSS-EXPENSE>                                   451
<AVERAGE-NET-ASSETS>                           65,768
<PER-SHARE-NAV-BEGIN>                           10.61
<PER-SHARE-NII>                                  1.49
<PER-SHARE-GAIN-APPREC>                        (1.20)
<PER-SHARE-DIVIDEND>                             0.39
<PER-SHARE-DISTRIBUTIONS>                        0.10
<RETURNS-OF-CAPITAL>                                0
<PER-SHARE-NAV-END>                             10.41
<EXPENSE-RATIO>                                  1.27
<AVG-DEBT-OUTSTANDING>                              0
<AVG-DEBT-PER-SHARE>                                0
        

</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY INFORMATION EXTRACTED FROM
THE FINANCIAL STATEMENTS OF IDEX SERIES FUND INCOME PLUS
PORTFOLIO FOR THE PERIOD ENDED APRIL 30, 1997, AND IS QUALIFIED
IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
<CIK>  0000787623
<NAME>  IDEX SERIES FUND
<SERIES>
   <NUMBER> 032
   <NAME> INCOME PLUS PORTFOLIO/CLASS B
<MULTIPLIER> 1,000
<CURRENCY>  U.S. DOLLARS
       
<S>                                       <C>
<PERIOD-TYPE>                                   6-MOS
<FISCAL-YEAR-END>                        OCT-31-1996
<PERIOD-END>                              APR-30-1997
<EXCHANGE-RATE>                                     1
<INVESTMENTS-AT-COST>                          64,981
<INVESTMENTS-AT-VALUE>                         66,323
<RECEIVABLES>                                   1,377
<ASSETS-OTHER>                                    509
<OTHER-ITEMS-ASSETS>                                0
<TOTAL-ASSETS>                                 68,209
<PAYABLE-FOR-SECURITIES>                            0
<SENIOR-LONG-TERM-DEBT>                             0
<OTHER-ITEMS-LIABILITIES>                         712
<TOTAL-LIABILITIES>                               712
<SENIOR-EQUITY>                                     0
<PAID-IN-CAPITAL-COMMON>                       65,905
<SHARES-COMMON-STOCK>                             119
<SHARES-COMMON-PRIOR>                              76
<ACCUMULATED-NII-CURRENT>                         214
<OVERDISTRIBUTION-NII>                              0
<ACCUMULATED-NET-GAINS>                            37
<OVERDISTRIBUTION-GAINS>                            0
<ACCUM-APPREC-OR-DEPREC>                        1,341
<NET-ASSETS>                                   67,497
<DIVIDEND-INCOME>                                 204
<INTEREST-INCOME>                               2,785
<OTHER-INCOME>                                      0
<EXPENSES-NET>                                    451
<NET-INVESTMENT-INCOME>                         2,538
<REALIZED-GAINS-CURRENT>                          194
<APPREC-INCREASE-CURRENT>                       (845)
<NET-CHANGE-FROM-OPS>                           1,887
<EQUALIZATION>                                      0
<DISTRIBUTIONS-OF-INCOME>                          36
<DISTRIBUTIONS-OF-GAINS>                          632
<DISTRIBUTIONS-OTHER>                               0
<NUMBER-OF-SHARES-SOLD>                           569
<NUMBER-OF-SHARES-REDEEMED>                       149
<SHARES-REINVESTED>                                32
<NET-CHANGE-IN-ASSETS>                        (2,373)
<ACCUMULATED-NII-PRIOR>                           243
<ACCUMULATED-GAINS-PRIOR>                         474
<OVERDISTRIB-NII-PRIOR>                             0
<OVERDIST-NET-GAINS-PRIOR>                          0
<GROSS-ADVISORY-FEES>                             207
<INTEREST-EXPENSE>                                  0
<GROSS-EXPENSE>                                   451
<AVERAGE-NET-ASSETS>                            1,067
<PER-SHARE-NAV-BEGIN>                           10.61
<PER-SHARE-NII>                                  1.46
<PER-SHARE-GAIN-APPREC>                        (1.20)
<PER-SHARE-DIVIDEND>                             0.36
<PER-SHARE-DISTRIBUTIONS>                        0.10
<RETURNS-OF-CAPITAL>                                0
<PER-SHARE-NAV-END>                             10.41
<EXPENSE-RATIO>                                  1.92
<AVG-DEBT-OUTSTANDING>                              0
<AVG-DEBT-PER-SHARE>                                0
        

</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY INFORMATION EXTRACTED FROM
THE FINANCIAL STATEMENTS OF IDEX SERIES FUND INCOME PLUS
PORTFOLIO FOR THE PERIOD ENDED APRIL 30, 1997, AND IS QUALIFIED
IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
<CIK>  0000787623
<NAME>  IDEX SERIES FUND
<SERIES>
   <NUMBER> 033
   <NAME> INCOME PLUS PORTFOLIO/CLASS C
<MULTIPLIER> 1,000
<CURRENCY>  U.S. DOLLARS
       
<S>                                       <C>
<PERIOD-TYPE>                                   6-MOS
<FISCAL-YEAR-END>                        OCT-31-1996
<PERIOD-END>                              APR-30-1997
<EXCHANGE-RATE>                                     1
<INVESTMENTS-AT-COST>                          64,981
<INVESTMENTS-AT-VALUE>                         66,323
<RECEIVABLES>                                   1,377
<ASSETS-OTHER>                                    509
<OTHER-ITEMS-ASSETS>                                0
<TOTAL-ASSETS>                                 68,209
<PAYABLE-FOR-SECURITIES>                            0
<SENIOR-LONG-TERM-DEBT>                             0
<OTHER-ITEMS-LIABILITIES>                         712
<TOTAL-LIABILITIES>                               712
<SENIOR-EQUITY>                                     0
<PAID-IN-CAPITAL-COMMON>                       65,905
<SHARES-COMMON-STOCK>                             242
<SHARES-COMMON-PRIOR>                             262
<ACCUMULATED-NII-CURRENT>                         214
<OVERDISTRIBUTION-NII>                              0
<ACCUMULATED-NET-GAINS>                            37
<OVERDISTRIBUTION-GAINS>                            0
<ACCUM-APPREC-OR-DEPREC>                        1,341
<NET-ASSETS>                                   67,497
<DIVIDEND-INCOME>                                 204
<INTEREST-INCOME>                               2,785
<OTHER-INCOME>                                      0
<EXPENSES-NET>                                    451
<NET-INVESTMENT-INCOME>                         2,538
<REALIZED-GAINS-CURRENT>                          194
<APPREC-INCREASE-CURRENT>                       (845)
<NET-CHANGE-FROM-OPS>                           1,887
<EQUALIZATION>                                      0
<DISTRIBUTIONS-OF-INCOME>                          97
<DISTRIBUTIONS-OF-GAINS>                          632
<DISTRIBUTIONS-OTHER>                               0
<NUMBER-OF-SHARES-SOLD>                         1,675
<NUMBER-OF-SHARES-REDEEMED>                     1,988
<SHARES-REINVESTED>                               109
<NET-CHANGE-IN-ASSETS>                        (2,373)
<ACCUMULATED-NII-PRIOR>                           243
<ACCUMULATED-GAINS-PRIOR>                         474
<OVERDISTRIB-NII-PRIOR>                             0
<OVERDIST-NET-GAINS-PRIOR>                          0
<GROSS-ADVISORY-FEES>                             207
<INTEREST-EXPENSE>                                  0
<GROSS-EXPENSE>                                   451
<AVERAGE-NET-ASSETS>                            2,825
<PER-SHARE-NAV-BEGIN>                           10.61
<PER-SHARE-NII>                                  1.46
<PER-SHARE-GAIN-APPREC>                        (1.20)
<PER-SHARE-DIVIDEND>                             0.36
<PER-SHARE-DISTRIBUTIONS>                        0.10
<RETURNS-OF-CAPITAL>                                0
<PER-SHARE-NAV-END>                             10.41
<EXPENSE-RATIO>                                  1.82
<AVG-DEBT-OUTSTANDING>                              0
<AVG-DEBT-PER-SHARE>                                0
        

</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY INFORMATION EXTRACTED FROM
THE FINANCIAL STATEMENTS OF IDEX SERIES FUND TAX-EXEMPT
PORTFOLIO FOR THE PERIOD ENDED APRIL 30, 1997, AND IS QUALIFIED
IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
<CIK>  0000787623
<NAME>  IDEX SERIES FUND
<SERIES>
   <NUMBER> 021
   <NAME> TAX-EXEMPT PORTFOLIO/CLASS A
<MULTIPLIER> 1,000
<CURRENCY>  U.S. DOLLAR
       
<S>                                       <C>
<PERIOD-TYPE>                                   6-MOS
<FISCAL-YEAR-END>                        OCT-31-1996
<PERIOD-END>                              APR-30-1997
<EXCHANGE-RATE>                                     1
<INVESTMENTS-AT-COST>                          23,768
<INVESTMENTS-AT-VALUE>                         23,855
<RECEIVABLES>                                     355
<ASSETS-OTHER>                                     80
<OTHER-ITEMS-ASSETS>                                0
<TOTAL-ASSETS>                                 24,290
<PAYABLE-FOR-SECURITIES>                            0
<SENIOR-LONG-TERM-DEBT>                             0
<OTHER-ITEMS-LIABILITIES>                           8
<TOTAL-LIABILITIES>                                 8
<SENIOR-EQUITY>                                     0
<PAID-IN-CAPITAL-COMMON>                       23,994
<SHARES-COMMON-STOCK>                           2,074
<SHARES-COMMON-PRIOR>                           2,144
<ACCUMULATED-NII-CURRENT>                          48
<OVERDISTRIBUTION-NII>                              0
<ACCUMULATED-NET-GAINS>                           154
<OVERDISTRIBUTION-GAINS>                            0
<ACCUM-APPREC-OR-DEPREC>                           86
<NET-ASSETS>                                   24,282
<DIVIDEND-INCOME>                                   0
<INTEREST-INCOME>                                 699
<OTHER-INCOME>                                      0
<EXPENSES-NET>                                    125
<NET-INVESTMENT-INCOME>                           574
<REALIZED-GAINS-CURRENT>                          154
<APPREC-INCREASE-CURRENT>                       (231)
<NET-CHANGE-FROM-OPS>                             497
<EQUALIZATION>                                      0
<DISTRIBUTIONS-OF-INCOME>                         550
<DISTRIBUTIONS-OF-GAINS>                          173
<DISTRIBUTIONS-OTHER>                               0
<NUMBER-OF-SHARES-SOLD>                           519
<NUMBER-OF-SHARES-REDEEMED>                     1,806
<SHARES-REINVESTED>                               486
<NET-CHANGE-IN-ASSETS>                        (1,294)
<ACCUMULATED-NII-PRIOR>                            44
<ACCUMULATED-GAINS-PRIOR>                         173
<OVERDISTRIB-NII-PRIOR>                             0
<OVERDIST-NET-GAINS-PRIOR>                          0
<GROSS-ADVISORY-FEES>                              74
<INTEREST-EXPENSE>                                  0
<GROSS-EXPENSE>                                   185
<AVERAGE-NET-ASSETS>                           23,881
<PER-SHARE-NAV-BEGIN>                           11.40
<PER-SHARE-NII>                                  1.00
<PER-SHARE-GAIN-APPREC>                        (0.77)
<PER-SHARE-DIVIDEND>                             0.26
<PER-SHARE-DISTRIBUTIONS>                        0.08
<RETURNS-OF-CAPITAL>                                0
<PER-SHARE-NAV-END>                             11.29
<EXPENSE-RATIO>                                  1.00
<AVG-DEBT-OUTSTANDING>                              0
<AVG-DEBT-PER-SHARE>                                0
        

</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY INFORMATION EXTRACTED FROM
THE FINANCIAL STATEMENTS OF IDEX SERIES FUND TAX-EXEMPT
PORTFOLIO FOR THE PERIOD ENDED APRIL 30, 1997, AND IS QUALIFIED
IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
<CIK>  0000787623
<NAME>  IDEX SERIES FUND
<SERIES>
   <NUMBER> 022
   <NAME> TAX-EXEMPT PORTFOLIO/CLASS B
<MULTIPLIER> 1,000
<CURRENCY>  U.S. DOLLAR
       
<S>                                       <C>
<PERIOD-TYPE>                                   6-MOS
<FISCAL-YEAR-END>                        OCT-31-1996
<PERIOD-END>                              APR-30-1997
<EXCHANGE-RATE>                                     1
<INVESTMENTS-AT-COST>                          23,768
<INVESTMENTS-AT-VALUE>                         23,855
<RECEIVABLES>                                     355
<ASSETS-OTHER>                                     80
<OTHER-ITEMS-ASSETS>                                0
<TOTAL-ASSETS>                                 24,290
<PAYABLE-FOR-SECURITIES>                            0
<SENIOR-LONG-TERM-DEBT>                             0
<OTHER-ITEMS-LIABILITIES>                           8
<TOTAL-LIABILITIES>                                 8
<SENIOR-EQUITY>                                     0
<PAID-IN-CAPITAL-COMMON>                       23,994
<SHARES-COMMON-STOCK>                              23
<SHARES-COMMON-PRIOR>                              18
<ACCUMULATED-NII-CURRENT>                          48
<OVERDISTRIBUTION-NII>                              0
<ACCUMULATED-NET-GAINS>                           154
<OVERDISTRIBUTION-GAINS>                            0
<ACCUM-APPREC-OR-DEPREC>                           86
<NET-ASSETS>                                   24,282
<DIVIDEND-INCOME>                                   0
<INTEREST-INCOME>                                 699
<OTHER-INCOME>                                      0
<EXPENSES-NET>                                    125
<NET-INVESTMENT-INCOME>                           574
<REALIZED-GAINS-CURRENT>                          154
<APPREC-INCREASE-CURRENT>                       (231)
<NET-CHANGE-FROM-OPS>                             497
<EQUALIZATION>                                      0
<DISTRIBUTIONS-OF-INCOME>                           4
<DISTRIBUTIONS-OF-GAINS>                          173
<DISTRIBUTIONS-OTHER>                               0
<NUMBER-OF-SHARES-SOLD>                            61
<NUMBER-OF-SHARES-REDEEMED>                         1
<SHARES-REINVESTED>                                 3
<NET-CHANGE-IN-ASSETS>                        (1,294)
<ACCUMULATED-NII-PRIOR>                            44
<ACCUMULATED-GAINS-PRIOR>                         173
<OVERDISTRIB-NII-PRIOR>                             0
<OVERDIST-NET-GAINS-PRIOR>                          0
<GROSS-ADVISORY-FEES>                              74
<INTEREST-EXPENSE>                                  0
<GROSS-EXPENSE>                                   185
<AVERAGE-NET-ASSETS>                              220
<PER-SHARE-NAV-BEGIN>                           11.40
<PER-SHARE-NII>                                  0.96
<PER-SHARE-GAIN-APPREC>                        (0.77)
<PER-SHARE-DIVIDEND>                             0.23
<PER-SHARE-DISTRIBUTIONS>                        0.08
<RETURNS-OF-CAPITAL>                                0
<PER-SHARE-NAV-END>                             11.28
<EXPENSE-RATIO>                                  1.65
<AVG-DEBT-OUTSTANDING>                              0
<AVG-DEBT-PER-SHARE>                                0
        

</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY INFORMATION EXTRACTED FROM
THE FINANCIAL STATEMENTS OF IDEX SERIES FUND TAX-EXEMPT
PORTFOLIO FOR THE PERIOD ENDED APRIL 30, 1997, AND IS QUALIFIED
IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
<CIK>  0000787623
<NAME>  IDEX SERIES FUND
<SERIES>
   <NUMBER> 023
   <NAME> TAX-EXEMPT PORTFOLIO/CLASS C
<MULTIPLIER> 1,000
<CURRENCY>  U.S. DOLLAR
       
<S>                                       <C>
<PERIOD-TYPE>                                   6-MOS
<FISCAL-YEAR-END>                        OCT-31-1996
<PERIOD-END>                              APR-30-1997
<EXCHANGE-RATE>                                     1
<INVESTMENTS-AT-COST>                          23,768
<INVESTMENTS-AT-VALUE>                         23,855
<RECEIVABLES>                                     355
<ASSETS-OTHER>                                     80
<OTHER-ITEMS-ASSETS>                                0
<TOTAL-ASSETS>                                 24,290
<PAYABLE-FOR-SECURITIES>                            0
<SENIOR-LONG-TERM-DEBT>                             0
<OTHER-ITEMS-LIABILITIES>                           8
<TOTAL-LIABILITIES>                                 8
<SENIOR-EQUITY>                                     0
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