<PAGE> PAGE 1
000 A000000 06/30/95
000 C000000 790166
000 D000000 N
000 E000000 NF
000 F000000 Y
000 G000000 N
000 H000000 N
000 I000000 3.0.a
000 J000000 U
001 A000000 LB SERIES FUND, INC.
001 B000000 811-4603
001 C000000 6123407215
002 A000000 625 FOURTH AVENUE SOUTH
002 B000000 MINNEAPOLIS
002 C000000 MN
002 D010000 55415
003 000000 N
004 000000 N
005 000000 N
006 000000 N
007 A000000 Y
007 B000000 4
007 C010100 1
007 C020100 GROWTH PORTFOLIO
007 C030100 N
007 C010200 2
007 C020200 INCOME PORTFOLIO
007 C030200 N
007 C010300 3
007 C020300 MONEY MARKET PORTFOLIO
007 C030300 N
007 C010400 4
007 C020400 HIGH YIELD PORTFOLIO
007 C030400 N
007 C010500 5
007 C010600 6
007 C010700 7
007 C010800 8
007 C010900 9
007 C011000 10
020 A000001 LEHMAN BROTHERS, INC.
020 B000001 13-2518466
020 C000001 368
020 A000002 DONALDSON LUFKIN & JENRETTE
020 B000002 13-2741729
020 C000002 177
020 A000003 SMITH BARNEY SHEARSON, INC.
020 B000003 13-2869611
020 C000003 173
020 A000004 MORGAN STANLEY & CO.
020 B000004 13-2655998
<PAGE> PAGE 2
020 C000004 160
020 A000005 MERRILL LYNCH PIERCE FENNER & SMITH
020 B000005 13-5674085
020 C000005 160
020 A000006 BEAR STEARNS & CO.
020 B000006 13-4946705
020 C000006 158
020 A000007 BRIDGE TRADING
020 B000007 43-1034850
020 C000007 129
020 A000008 GOLDMAN SACHS & CO.
020 B000008 13-5108880
020 C000008 102
020 A000009 PRUDENTIAL SECURITIES, INC.
020 B000009 22-2347336
020 C000009 99
020 A000010 MONTGOMERY SECURITIES
020 B000010 94-1701676
020 C000010 75
021 000000 2177
022 A000001 BT SECURITIES CORP.
022 B000001 13-3311934
022 C000001 2491851
022 D000001 13062
022 A000002 MORGAN J.P., SECURITIES, INC.
022 B000002 13-3224016
022 C000002 1354468
022 D000002 9367
022 A000003 ASSOCIATES CORP. OF N.A.
022 B000003 74-1494554
022 C000003 1332716
022 D000003 0
022 A000004 MERRILL LYNCH PIERCE FENNER & SMITH
022 B000004 13-5674085
022 C000004 692361
022 D000004 91616
022 A000005 GOLDMAN SACHS & CO.
022 B000005 13-5108880
022 C000005 489918
022 D000005 56371
022 A000006 LEHMAN BROTHERS, INC.
022 B000006 13-2518466
022 C000006 248960
022 D000006 284669
022 A000007 CITICORP SECURITIES MARKET, INC.
022 B000007 13-2771536
022 C000007 260442
022 D000007 19212
022 A000008 SALOMON BROTHERS, INC.
022 B000008 13-3082694
022 C000008 131705
<PAGE> PAGE 3
022 D000008 83538
022 A000009 FIRST BOSTON CORP.
022 B000009 13-5659485
022 C000009 159447
022 D000009 43296
022 A000010 MORGAN STANLEY & CO.
022 B000010 13-2655998
022 C000010 121996
022 D000010 57502
023 C000000 8134007
023 D000000 962700
077 A000000 Y
077 B000000 N
077 C000000 N
077 D000000 N
077 E000000 N
077 F000000 N
077 G000000 N
077 H000000 N
077 I000000 N
077 J000000 N
077 K000000 N
077 L000000 N
077 M000000 N
077 N000000 N
077 O000000 N
077 P000000 N
077 Q010000 Y
077 Q020000 N
077 Q030000 N
078 000000 N
080 A00AA00 ST. PAUL FIRE AND MARINE INSURANCE COMPANY
080 C00AA00 10000
081 A00AA00 Y
081 B00AA00 9
082 A00AA00 Y
082 B00AA00 100
024 000100 Y
025 A000101 BEAR STEARNS CO. INC.
025 B000101 13-4946705
025 C000101 E
025 D000101 5657
025 A000102 MORGAN STANLEY & CO.
025 B000102 13-2655998
025 C000102 E
025 D000102 9995
025 A000103 J.P. MORGAN & CO.
025 B000103 13-3224016
025 C000103 E
025 D000103 12510
025 A000104 SALOMON BROTHERS INC.
<PAGE> PAGE 4
025 B000104 13-3082694
025 C000104 E
025 D000104 1230
025 A000105 ASSOCIATES CORP. OF N.A.
025 B000105 74-1494554
025 C000105 D
025 D000105 1400
025 D000106 0
025 D000107 0
025 D000108 0
028 A010100 6091
028 A020100 0
028 A030100 0
028 A040100 1270
028 B010100 7008
028 B020100 0
028 B030100 0
028 B040100 1789
028 C010100 10934
028 C020100 3211
028 C030100 0
028 C040100 1071
028 D010100 11407
028 D020100 0
028 D030100 0
028 D040100 182
028 E010100 12709
028 E020100 0
028 E030100 0
028 E040100 1969
028 F010100 12096
028 F020100 3630
028 F030100 0
028 F040100 881
028 G010100 60245
028 G020100 6841
028 G030100 0
028 G040100 7162
028 H000100 0
029 000100 N
030 A000100 0
030 B000100 0.00
030 C000100 0.00
031 A000100 0
031 B000100 0
032 000100 0
033 000100 0
034 000100 N
035 000100 0
036 B000100 0
037 000100 N
<PAGE> PAGE 5
038 000100 0
039 000100 N
040 000100 N
041 000100 N
042 A000100 0
042 B000100 0
042 C000100 0
042 D000100 0
042 E000100 0
042 F000100 0
042 G000100 0
042 H000100 0
043 000100 0
044 000100 0
045 000100 Y
046 000100 N
047 000100 Y
048 000100 0.400
048 A010100 0
048 A020100 0.000
048 B010100 0
048 B020100 0.000
048 C010100 0
048 C020100 0.000
048 D010100 0
048 D020100 0.000
048 E010100 0
048 E020100 0.000
048 F010100 0
048 F020100 0.000
048 G010100 0
048 G020100 0.000
048 H010100 0
048 H020100 0.000
048 I010100 0
048 I020100 0.000
048 J010100 0
048 J020100 0.000
048 K010100 0
048 K020100 0.000
049 000100 N
050 000100 N
051 000100 N
052 000100 N
053 A000100 N
055 A000100 N
055 B000100 N
056 000100 N
057 000100 N
061 000100 0
062 A000100 N
<PAGE> PAGE 6
062 B000100 0.0
062 C000100 0.0
062 D000100 0.0
062 E000100 0.0
062 F000100 0.0
062 G000100 0.0
062 H000100 0.0
062 I000100 0.0
062 J000100 0.0
062 K000100 0.0
062 L000100 0.0
062 M000100 0.0
062 N000100 0.0
062 O000100 0.0
062 P000100 0.0
062 Q000100 0.0
062 R000100 0.0
063 A000100 0
063 B000100 0.0
066 A000100 Y
066 B000100 N
066 C000100 N
066 D000100 Y
066 E000100 N
066 F000100 N
066 G000100 N
067 000100 N
068 A000100 N
068 B000100 N
069 000100 N
070 A010100 Y
070 A020100 Y
070 B010100 Y
070 B020100 Y
070 C010100 N
070 C020100 N
070 D010100 Y
070 D020100 N
070 E010100 N
070 E020100 N
070 F010100 Y
070 F020100 N
070 G010100 Y
070 G020100 N
070 H010100 Y
070 H020100 N
070 I010100 N
070 I020100 N
070 J010100 Y
070 J020100 N
070 K010100 Y
<PAGE> PAGE 7
070 K020100 N
070 L010100 Y
070 L020100 Y
070 M010100 N
070 M020100 N
070 N010100 Y
070 N020100 N
070 O010100 Y
070 O020100 N
070 P010100 Y
070 P020100 N
070 Q010100 N
070 Q020100 N
070 R010100 N
070 R020100 N
071 A000100 860594
071 B000100 790008
071 C000100 751840
071 D000100 105
072 A000100 6
072 B000100 2124
072 C000100 6332
072 D000100 0
072 E000100 0
072 F000100 1615
072 G000100 0
072 H000100 0
072 I000100 0
072 J000100 0
072 K000100 0
072 L000100 0
072 M000100 0
072 N000100 0
072 O000100 0
072 P000100 0
072 Q000100 0
072 R000100 0
072 S000100 0
072 T000100 0
072 U000100 0
072 V000100 0
072 W000100 0
072 X000100 1615
072 Y000100 0
072 Z000100 6841
072AA000100 67611
072BB000100 0
072CC010100 81658
072CC020100 0
072DD010100 6841
072DD020100 0
<PAGE> PAGE 8
072EE000100 0
073 A010100 0.1218
073 A020100 0.0000
073 B000100 0.0000
073 C000100 0.0000
074 A000100 44
074 B000100 0
074 C000100 70488
074 D000100 11389
074 E000100 0
074 F000100 862917
074 G000100 0
074 H000100 0
074 I000100 0
074 J000100 12848
074 K000100 0
074 L000100 1463
074 M000100 0
074 N000100 959149
074 O000100 28007
074 P000100 0
074 Q000100 0
074 R010100 0
074 R020100 0
074 R030100 0
074 R040100 127
074 S000100 0
074 T000100 931015
074 U010100 57431
074 U020100 0
074 V010100 16.21
074 V020100 0.00
074 W000100 0.0000
074 X000100 5
074 Y000100 3847
075 A000100 0
075 B000100 814207
076 000100 0.00
024 000200 Y
025 A000201 ASSOCIATES CORP. OF NO. AMERICA
025 B000201 74-1494554
025 C000201 D
025 D000201 18104
025 A000202 PRUDENTIAL SECURITIES INC.
025 B000202 22-2347336
025 C000202 D
025 D000202 8978
025 A000203 CITICORP SECURITIES
025 B000203 13-2771536
025 C000203 E
025 D000203 3338
<PAGE> PAGE 9
025 D000204 0
025 D000205 0
025 D000206 0
025 D000207 0
025 D000208 0
028 A010200 1167
028 A020200 3795
028 A030200 0
028 A040200 6707
028 B010200 1730
028 B020200 3761
028 B030200 0
028 B040200 8657
028 C010200 2780
028 C020200 3770
028 C030200 0
028 C040200 3968
028 D010200 3172
028 D020200 3464
028 D030200 0
028 D040200 2396
028 E010200 4231
028 E020200 4054
028 E030200 0
028 E040200 3394
028 F010200 5717
028 F020200 3705
028 F030200 0
028 F040200 1769
028 G010200 18797
028 G020200 22549
028 G030200 0
028 G040200 26891
028 H000200 0
029 000200 N
030 A000200 0
030 B000200 0.00
030 C000200 0.00
031 A000200 0
031 B000200 0
032 000200 0
033 000200 0
034 000200 N
035 000200 0
036 B000200 0
037 000200 N
038 000200 0
039 000200 N
040 000200 N
041 000200 N
042 A000200 0
<PAGE> PAGE 10
042 B000200 0
042 C000200 0
042 D000200 0
042 E000200 0
042 F000200 0
042 G000200 0
042 H000200 0
043 000200 0
044 000200 0
045 000200 Y
046 000200 N
047 000200 Y
048 000200 0.400
048 A010200 0
048 A020200 0.000
048 B010200 0
048 B020200 0.000
048 C010200 0
048 C020200 0.000
048 D010200 0
048 D020200 0.000
048 E010200 0
048 E020200 0.000
048 F010200 0
048 F020200 0.000
048 G010200 0
048 G020200 0.000
048 H010200 0
048 H020200 0.000
048 I010200 0
048 I020200 0.000
048 J010200 0
048 J020200 0.000
048 K010200 0
048 K020200 0.000
049 000200 N
050 000200 N
051 000200 N
052 000200 N
053 A000200 N
055 A000200 N
055 B000200 N
056 000200 N
057 000200 N
061 000200 0
062 A000200 Y
062 B000200 0.0
062 C000200 0.0
062 D000200 0.0
062 E000200 0.0
062 F000200 0.0
<PAGE> PAGE 11
062 G000200 0.0
062 H000200 0.0
062 I000200 5.0
062 J000200 0.0
062 K000200 0.0
062 L000200 0.0
062 M000200 27.7
062 N000200 13.7
062 O000200 0.0
062 P000200 45.8
062 Q000200 7.8
062 R000200 0.0
063 A000200 0
063 B000200 15.3
064 A000200 Y
064 B000200 N
066 A000200 N
067 000200 N
068 A000200 N
068 B000200 N
069 000200 N
070 A010200 Y
070 A020200 N
070 B010200 Y
070 B020200 N
070 C010200 Y
070 C020200 N
070 D010200 Y
070 D020200 N
070 E010200 Y
070 E020200 N
070 F010200 Y
070 F020200 N
070 G010200 Y
070 G020200 Y
070 H010200 Y
070 H020200 N
070 I010200 N
070 I020200 N
070 J010200 Y
070 J020200 N
070 K010200 Y
070 K020200 N
070 L010200 Y
070 L020200 Y
070 M010200 N
070 M020200 N
070 N010200 Y
070 N020200 Y
070 O010200 Y
070 O020200 N
<PAGE> PAGE 12
070 P010200 Y
070 P020200 N
070 Q010200 N
070 Q020200 N
070 R010200 N
070 R020200 N
071 A000200 478729
071 B000200 391210
071 C000200 593620
071 D000200 66
072 A000200 6
072 B000200 23510
072 C000200 180
072 D000200 0
072 E000200 0
072 F000200 1255
072 G000200 0
072 H000200 0
072 I000200 0
072 J000200 0
072 K000200 0
072 L000200 0
072 M000200 0
072 N000200 0
072 O000200 0
072 P000200 0
072 Q000200 0
072 R000200 0
072 S000200 0
072 T000200 0
072 U000200 0
072 V000200 0
072 W000200 0
072 X000200 1255
072 Y000200 0
072 Z000200 22435
072AA000200 0
072BB000200 1876
072CC010200 51325
072CC020200 0
072DD010200 22435
072DD020200 0
072EE000200 12434
073 A010200 0.3347
073 A020200 0.0000
073 B000200 0.0000
073 C000200 0.0000
074 A000200 69
074 B000200 0
074 C000200 32972
074 D000200 625732
<PAGE> PAGE 13
074 E000200 1852
074 F000200 1485
074 G000200 0
074 H000200 5
074 I000200 0
074 J000200 8768
074 K000200 0
074 L000200 10234
074 M000200 0
074 N000200 681117
074 O000200 9000
074 P000200 0
074 Q000200 0
074 R010200 0
074 R020200 0
074 R030200 0
074 R040200 0
074 S000200 0
074 T000200 672117
074 U010200 68766
074 U020200 0
074 V010200 9.77
074 V020200 0.00
074 W000200 0.0000
074 X000200 5
074 Y000200 0
075 A000200 0
075 B000200 632706
076 000200 0.00
024 000300 N
025 A000301 DELETE
025 D000301 0
025 A000302 DELETE
025 D000302 0
025 D000303 0
025 D000304 0
025 D000305 0
025 D000306 0
025 D000307 0
025 D000308 0
028 A010300 3839
028 A020300 209
028 A030300 0
028 A040300 2726
028 B010300 1932
028 B020300 185
028 B030300 0
028 B040300 4507
028 C010300 2543
028 C020300 195
028 C030300 0
<PAGE> PAGE 14
028 C040300 3692
028 D010300 2450
028 D020300 174
028 D030300 0
028 D040300 2921
028 E010300 6330
028 E020300 215
028 E030300 0
028 E040300 3249
028 F010300 3850
028 F020300 201
028 F030300 0
028 F040300 3394
028 G010300 20944
028 G020300 1179
028 G030300 0
028 G040300 20489
028 H000300 0
029 000300 N
030 A000300 0
030 B000300 0.00
030 C000300 0.00
031 A000300 0
031 B000300 0
032 000300 0
033 000300 0
034 000300 N
035 000300 0
036 B000300 0
037 000300 N
038 000300 0
039 000300 N
040 000300 N
041 000300 N
042 A000300 0
042 B000300 0
042 C000300 0
042 D000300 0
042 E000300 0
042 F000300 0
042 G000300 0
042 H000300 0
043 000300 0
044 000300 0
045 000300 Y
046 000300 N
047 000300 Y
048 000300 0.400
048 A010300 0
048 A020300 0.000
048 B010300 0
<PAGE> PAGE 15
048 B020300 0.000
048 C010300 0
048 C020300 0.000
048 D010300 0
048 D020300 0.000
048 E010300 0
048 E020300 0.000
048 F010300 0
048 F020300 0.000
048 G010300 0
048 G020300 0.000
048 H010300 0
048 H020300 0.000
048 I010300 0
048 I020300 0.000
048 J010300 0
048 J020300 0.000
048 K010300 0
048 K020300 0.000
049 000300 N
050 000300 N
051 000300 N
052 000300 N
053 A000300 N
055 A000300 N
055 B000300 N
056 000300 N
057 000300 N
061 000300 0
062 A000300 Y
062 B000300 0.0
062 C000300 0.0
062 D000300 0.0
062 E000300 0.0
062 F000300 0.0
062 G000300 4.6
062 H000300 8.0
062 I000300 72.6
062 J000300 0.0
062 K000300 0.0
062 L000300 14.8
062 M000300 0.0
062 N000300 0.0
062 O000300 0.0
062 P000300 0.0
062 Q000300 0.0
062 R000300 0.0
063 A000300 42
063 B000300 0.0
064 A000300 Y
064 B000300 N
<PAGE> PAGE 16
066 A000300 N
067 000300 N
068 A000300 N
068 B000300 N
069 000300 N
070 A010300 Y
070 A020300 N
070 B010300 N
070 B020300 N
070 C010300 N
070 C020300 N
070 D010300 N
070 D020300 N
070 E010300 N
070 E020300 N
070 F010300 N
070 F020300 N
070 G010300 N
070 G020300 N
070 H010300 N
070 H020300 N
070 I010300 N
070 I020300 N
070 J010300 Y
070 J020300 N
070 K010300 Y
070 K020300 Y
070 L010300 Y
070 L020300 Y
070 M010300 N
070 M020300 N
070 N010300 N
070 N020300 N
070 O010300 Y
070 O020300 N
070 P010300 Y
070 P020300 N
070 Q010300 N
070 Q020300 N
070 R010300 N
070 R020300 N
071 A000300 0
071 B000300 0
071 C000300 0
071 D000300 0
072 A000300 6
072 B000300 1256
072 C000300 0
072 D000300 0
072 E000300 0
072 F000300 83
<PAGE> PAGE 17
072 G000300 0
072 H000300 0
072 I000300 0
072 J000300 0
072 K000300 0
072 L000300 0
072 M000300 0
072 N000300 0
072 O000300 0
072 P000300 0
072 Q000300 0
072 R000300 0
072 S000300 0
072 T000300 0
072 U000300 0
072 V000300 0
072 W000300 0
072 X000300 83
072 Y000300 0
072 Z000300 1173
072AA000300 0
072BB000300 0
072CC010300 0
072CC020300 0
072DD010300 1173
072DD020300 0
072EE000300 0
073 A010300 0.0281
073 A020300 0.0000
073 B000300 0.0000
073 C000300 0.0000
074 A000300 13
074 B000300 0
074 C000300 43437
074 D000300 0
074 E000300 0
074 F000300 0
074 G000300 0
074 H000300 0
074 I000300 0
074 J000300 0
074 K000300 0
074 L000300 67
074 M000300 0
074 N000300 43517
074 O000300 0
074 P000300 0
074 Q000300 0
074 R010300 0
074 R020300 0
074 R030300 0
<PAGE> PAGE 18
074 R040300 0
074 S000300 0
074 T000300 43517
074 U010300 43517
074 U020300 0
074 V010300 1.00
074 V020300 0.00
074 W000300 0.9999
074 X000300 5
074 Y000300 0
075 A000300 41657
075 B000300 0
076 000300 0.00
024 000400 Y
025 A000401 ASSOCIATES CORP NA
025 B000401 74-1494554
025 C000401 D
025 D000401 4998
025 A000402 DELETE
025 D000402 0
025 D000403 0
025 D000404 0
025 D000405 0
025 D000406 0
025 D000407 0
025 D000408 0
028 A010400 3167
028 A020400 5555
028 A030400 0
028 A040400 2313
028 B010400 3138
028 B020400 5405
028 B030400 0
028 B040400 4154
028 C010400 6005
028 C020400 5176
028 C030400 0
028 C040400 2023
028 D010400 6137
028 D020400 5219
028 D030400 0
028 D040400 260
028 E010400 7463
028 E020400 5688
028 E030400 0
028 E040400 1727
028 F010400 8519
028 F020400 5459
028 F030400 0
028 F040400 1081
028 G010400 34429
<PAGE> PAGE 19
028 G020400 32502
028 G030400 0
028 G040400 11558
028 H000400 0
029 000400 N
030 A000400 0
030 B000400 0.00
030 C000400 0.00
031 A000400 0
031 B000400 0
032 000400 0
033 000400 0
034 000400 N
035 000400 0
036 B000400 0
037 000400 N
038 000400 0
039 000400 N
040 000400 N
041 000400 N
042 A000400 0
042 B000400 0
042 C000400 0
042 D000400 0
042 E000400 0
042 F000400 0
042 G000400 0
042 H000400 0
043 000400 0
044 000400 0
045 000400 Y
046 000400 N
047 000400 Y
048 000400 0.400
048 A010400 0
048 A020400 0.000
048 B010400 0
048 B020400 0.000
048 C010400 0
048 C020400 0.000
048 D010400 0
048 D020400 0.000
048 E010400 0
048 E020400 0.000
048 F010400 0
048 F020400 0.000
048 G010400 0
048 G020400 0.000
048 H010400 0
048 H020400 0.000
048 I010400 0
<PAGE> PAGE 20
048 I020400 0.000
048 J010400 0
048 J020400 0.000
048 K010400 0
048 K020400 0.000
049 000400 N
050 000400 N
051 000400 N
052 000400 N
053 A000400 N
055 A000400 N
055 B000400 N
056 000400 N
057 000400 N
061 000400 0
062 A000400 Y
062 B000400 0.0
062 C000400 0.0
062 D000400 0.0
062 E000400 0.0
062 F000400 0.0
062 G000400 0.0
062 H000400 0.0
062 I000400 6.0
062 J000400 0.0
062 K000400 0.0
062 L000400 0.0
062 M000400 0.0
062 N000400 0.0
062 O000400 0.0
062 P000400 80.1
062 Q000400 13.9
062 R000400 0.0
063 A000400 0
063 B000400 9.0
064 A000400 N
066 A000400 N
067 000400 N
068 A000400 N
068 B000400 N
069 000400 N
070 A010400 Y
070 A020400 N
070 B010400 Y
070 B020400 N
070 C010400 Y
070 C020400 N
070 D010400 Y
070 D020400 N
070 E010400 Y
070 E020400 N
<PAGE> PAGE 21
070 F010400 Y
070 F020400 N
070 G010400 Y
070 G020400 N
070 H010400 Y
070 H020400 N
070 I010400 N
070 I020400 N
070 J010400 Y
070 J020400 Y
070 K010400 Y
070 K020400 N
070 L010400 Y
070 L020400 Y
070 M010400 Y
070 M020400 N
070 N010400 Y
070 N020400 N
070 O010400 Y
070 O020400 N
070 P010400 Y
070 P020400 N
070 Q010400 N
070 Q020400 N
070 R010400 N
070 R020400 N
071 A000400 291975
071 B000400 230595
071 C000400 584977
071 D000400 39
072 A000400 6
072 B000400 30960
072 C000400 2652
072 D000400 0
072 E000400 0
072 F000400 1262
072 G000400 0
072 H000400 0
072 I000400 0
072 J000400 0
072 K000400 0
072 L000400 0
072 M000400 0
072 N000400 0
072 O000400 0
072 P000400 0
072 Q000400 0
072 R000400 0
072 S000400 0
072 T000400 0
072 U000400 0
<PAGE> PAGE 22
072 V000400 0
072 W000400 0
072 X000400 1262
072 Y000400 0
072 Z000400 32350
072AA000400 0
072BB000400 13548
072CC010400 45366
072CC020400 0
072DD010400 32350
072DD020400 0
072EE000400 0
073 A010400 0.4830
073 A020400 0.0000
073 B000400 0.0000
073 C000400 0.0000
074 A000400 44
074 B000400 0
074 C000400 40732
074 D000400 550170
074 E000400 67559
074 F000400 21800
074 G000400 0
074 H000400 0
074 I000400 0
074 J000400 4798
074 K000400 0
074 L000400 9949
074 M000400 0
074 N000400 695052
074 O000400 12221
074 P000400 0
074 Q000400 0
074 R010400 0
074 R020400 0
074 R030400 0
074 R040400 0
074 S000400 0
074 T000400 682831
074 U010400 70713
074 U020400 0
074 V010400 9.66
074 V020400 0.00
074 W000400 0.0000
074 X000400 5
074 Y000400 1000
075 A000400 0
075 B000400 636293
076 000400 0.00
SIGNATURE OTIS F. HILBERT
TITLE SECRETARY
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
This schedule contains summary financial information extracted from the LB
Series Fund, Inc. Semi-Annual Report to Shareholders dated June 30, 1995 and
is qualified in its entirety by reference to such Semi-Annual Report.
</LEGEND>
<CIK> 0000790166
<NAME> LB SERIES FUND, INC.
<SERIES>
<NUMBER> 1
<NAME> LB SERIES FUND - GROWTH PORTFOLIO
<MULTIPLIER> 1,000
<CURRENCY> U.S. DOLLARS
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> DEC-31-1995
<PERIOD-START> JAN-01-1995
<PERIOD-END> JUN-30-1995
<EXCHANGE-RATE> 1
<INVESTMENTS-AT-COST> 856,329
<INVESTMENTS-AT-VALUE> 944,794
<RECEIVABLES> 14,311
<ASSETS-OTHER> 44
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 959,149
<PAYABLE-FOR-SECURITIES> 28,007
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 127
<TOTAL-LIABILITIES> 28,134
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 798,365
<SHARES-COMMON-STOCK> 57,431
<SHARES-COMMON-PRIOR> 53,435
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 44,233
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 88,417
<NET-ASSETS> 931,015
<DIVIDEND-INCOME> 6,332
<INTEREST-INCOME> 2,124
<OTHER-INCOME> 0
<EXPENSES-NET> 1,615
<NET-INVESTMENT-INCOME> 6,841
<REALIZED-GAINS-CURRENT> 67,611
<APPREC-INCREASE-CURRENT> 81,658
<NET-CHANGE-FROM-OPS> 156,111
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 6,841
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 4,043
<NUMBER-OF-SHARES-REDEEMED> 489
<SHARES-REINVESTED> 442
<NET-CHANGE-IN-ASSETS> 209,193
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> (23,379)
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 1,615
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 1,615
<AVERAGE-NET-ASSETS> 814,207
<PER-SHARE-NAV-BEGIN> 13.51
<PER-SHARE-NII> .12
<PER-SHARE-GAIN-APPREC> 2.70
<PER-SHARE-DIVIDEND> .12
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 16.21
<EXPENSE-RATIO> .40
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
This schedule contains summary financial information extracted from the LB
Series Fund, Inc. Semi-Annual Report to Shareholders dated June 30, 1995 and
is qualified in its entirety by reference to such Semi-Annual Report.
</LEGEND>
<CIK> 0000790166
<NAME> LB SERIES FUND, INC.
<SERIES>
<NUMBER> 2
<NAME> LB SERIES FUND - INCOME PORTFOLIO
<MULTIPLIER> 1,000
<CURRENCY> U.S. DOLLARS
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> DEC-31-1995
<PERIOD-START> JAN-01-1995
<PERIOD-END> JUN-30-1995
<EXCHANGE-RATE> 1
<INVESTMENTS-AT-COST> 639,359
<INVESTMENTS-AT-VALUE> 662,046
<RECEIVABLES> 19,002
<ASSETS-OTHER> 69
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 681,117
<PAYABLE-FOR-SECURITIES> 9,000
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 0
<TOTAL-LIABILITIES> 9,000
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 688,381
<SHARES-COMMON-STOCK> 68,766
<SHARES-COMMON-PRIOR> 67,283
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (38,952)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 22,688
<NET-ASSETS> 672,117
<DIVIDEND-INCOME> 180
<INTEREST-INCOME> 23,510
<OTHER-INCOME> 0
<EXPENSES-NET> 1,255
<NET-INVESTMENT-INCOME> 22,435
<REALIZED-GAINS-CURRENT> (1,876)
<APPREC-INCREASE-CURRENT> 51,325
<NET-CHANGE-FROM-OPS> 71,884
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 22,435
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 1,979
<NUMBER-OF-SHARES-REDEEMED> 2,899
<SHARES-REINVESTED> 2,403
<NET-CHANGE-IN-ASSETS> 63,904
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> (37,076)
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 1,255
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 1,255
<AVERAGE-NET-ASSETS> 632,706
<PER-SHARE-NAV-BEGIN> 9.04
<PER-SHARE-NII> .33
<PER-SHARE-GAIN-APPREC> .73
<PER-SHARE-DIVIDEND> .33
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 9.77
<EXPENSE-RATIO> .40
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
This schedule contains summary financial information extracted from the LB
Series Fund, Inc. Semi-Annual Report to Shareholders dated June 30, 1995 and
is qualified in its entirety by reference to such Semi-Annual Report.
</LEGEND>
<CIK> 0000790166
<NAME> LB SERIES FUND, INC.
<SERIES>
<NUMBER> 3
<NAME> LB Series Fund - MONEY MARKET PORTFOLIO
<MULTIPLIER> 1,000
<CURRENCY> U.S. DOLLARS
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> DEC-31-1995
<PERIOD-START> JAN-01-1995
<PERIOD-END> JUN-30-1995
<EXCHANGE-RATE> 1
<INVESTMENTS-AT-COST> 43,437
<INVESTMENTS-AT-VALUE> 43,437
<RECEIVABLES> 67
<ASSETS-OTHER> 13
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 43,517
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 0
<TOTAL-LIABILITIES> 0
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 43,517
<SHARES-COMMON-STOCK> 43,517
<SHARES-COMMON-PRIOR> 41,883
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 0
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 0
<NET-ASSETS> 43,517
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 1,256
<OTHER-INCOME> 0
<EXPENSES-NET> 83
<NET-INVESTMENT-INCOME> 1,173
<REALIZED-GAINS-CURRENT> 0
<APPREC-INCREASE-CURRENT> 0
<NET-CHANGE-FROM-OPS> 1,173
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 1,173
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 20,944
<NUMBER-OF-SHARES-REDEEMED> 20,489
<SHARES-REINVESTED> 1,179
<NET-CHANGE-IN-ASSETS> 1,634
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 83
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 83
<AVERAGE-NET-ASSETS> 41,657
<PER-SHARE-NAV-BEGIN> 1.00
<PER-SHARE-NII> .03
<PER-SHARE-GAIN-APPREC> 0
<PER-SHARE-DIVIDEND> .03
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 1.00
<EXPENSE-RATIO> .40
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
This schedule contains summary financial information extracted from the LB
Series Fund, Inc. Semi-Annual Report to Shareholders dated June 30, 1995 and
is qualified in its entirety by reference to such Semi-Annual Report.
</LEGEND>
<CIK> 0000790166
<NAME> LB SERIES FUND, INC.
<SERIES>
<NUMBER> 4
<NAME> LB SERIES FUND - HIGH YIELD PORTFOLIO
<MULTIPLIER> 1,000
<CURRENCY> U.S. DOLLARS
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> DEC-31-1995
<PERIOD-START> JAN-01-1995
<PERIOD-END> JUN-30-1995
<EXCHANGE-RATE> 1
<INVESTMENTS-AT-COST> 685,572
<INVESTMENTS-AT-VALUE> 680,261
<RECEIVABLES> 14,747
<ASSETS-OTHER> 44
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 695,052
<PAYABLE-FOR-SECURITIES> 12,221
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 0
<TOTAL-LIABILITIES> 12,221
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 710,758
<SHARES-COMMON-STOCK> 70,713
<SHARES-COMMON-PRIOR> 64,885
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (22,615)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> (5,312)
<NET-ASSETS> 682,831
<DIVIDEND-INCOME> 2,651
<INTEREST-INCOME> 30,960
<OTHER-INCOME> 0
<EXPENSES-NET> 1,262
<NET-INVESTMENT-INCOME> 32,349
<REALIZED-GAINS-CURRENT> (13,548)
<APPREC-INCREASE-CURRENT> 45,366
<NET-CHANGE-FROM-OPS> 64,167
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 32,349
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 3,621
<NUMBER-OF-SHARES-REDEEMED> 1,236
<SHARES-REINVESTED> 3,442
<NET-CHANGE-IN-ASSETS> 87,190
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> (9,067)
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 1,262
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 1,262
<AVERAGE-NET-ASSETS> 636,293
<PER-SHARE-NAV-BEGIN> 9.18
<PER-SHARE-NII> .48
<PER-SHARE-GAIN-APPREC> .48
<PER-SHARE-DIVIDEND> .48
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 9.66
<EXPENSE-RATIO> .40
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>