<PAGE> PAGE 1
000 B000000 10/31/94
000 C000000 0000807937
000 D000000 N
000 E000000 NF
000 F000000 Y
000 G000000 N
000 H000000 N
000 I000000 3.0.a
000 J000000 A
001 A000000 THE VICTORY FUND FOR INCOME PORTFOLIO
001 B000000 811-4936
001 C000000 6175578000
002 A000000 73 TREMONT STREET
002 B000000 BOSTON
002 C000000 MA
002 D010000 02108
002 D020000 3913
003 000000 N
004 000000 N
005 000000 N
006 000000 N
007 A000000 N
007 B000000 0
007 C010100 1
007 C010200 2
007 C010300 3
007 C010400 4
007 C010500 5
007 C010600 6
007 C010700 7
007 C010800 8
007 C010900 9
007 C011000 10
008 A000001 KEY TRUST
008 B000001 A
008 C000001 801-00000
008 D010001 ALBANY
008 D020001 NY
008 D030001 12207
010 A000001 CONCORD HOLDING CORP.
010 C010001 NEW YORK
010 C020001 NY
010 C030001 10019
011 A000001 CONCORD FINANCIAL GROUP
011 B000001 8-00000
011 C010001 NEW YORK
011 C020001 NY
011 C030001 10019
012 A000001 PRIMARY FUNDS SERVICE CORP.
012 B000001 84-0000
012 C010001 PROVIDENCE
<PAGE> PAGE 2
012 C020001 RI
012 C030001 02940
012 C040001 9741
013 A000001 KPMG PEAT MARWICK LLP
013 B010001 BOSTON
013 B020001 MA
013 B030001 02108
014 A000001 SOCIETY INVESTMENT, INC.
014 B000001 8-0000
014 A000002 DELETE
015 A000001 UNITED STATES TRUST COMPANY OF NEW YORK
015 B000001 C
015 C010001 NEW YORK
015 C020001 NY
015 C030001 10036
015 E010001 X
018 000000 Y
019 A000000 N
019 B000000 0
020 C000001 0
020 C000002 0
020 C000003 0
020 C000004 0
020 C000005 0
020 C000006 0
020 C000007 0
020 C000008 0
020 C000009 0
020 C000010 0
021 000000 0
022 A000001 DONALDSON, LUFKIN & JENRETTE SECURITIES CORP.
022 B000001 13-3092265
022 C000001 58551
022 D000001 16
022 A000002 BEAR STEARN & CO., INC.
022 B000002 13-3299429
022 C000002 3058
022 D000002 1822
022 A000003 UNITED STATES TRUST CORP.
022 C000003 2163
022 D000003 0
022 A000004 KIDDER PEABODY & CO.
022 B000004 13-5650440
022 C000004 513
022 D000004 1152
022 A000005 LEHMAN BROTHERS, INC.
022 B000005 94-2537674
022 C000005 0
022 D000005 1381
022 C000006 0
022 D000006 0
<PAGE> PAGE 3
022 C000007 0
022 D000007 0
022 C000008 0
022 D000008 0
022 C000009 0
022 D000009 0
022 C000010 0
022 D000010 0
023 C000000 64602
023 D000000 7533
024 000000 N
026 A000000 N
026 B000000 Y
026 C000000 Y
026 D000000 Y
026 E000000 N
026 F000000 N
026 G010000 N
026 G020000 N
026 H000000 Y
027 000000 Y
028 A010000 207
028 A020000 0
028 A030000 0
028 A040000 3210
028 B010000 270
028 B020000 47
028 B030000 0
028 B040000 1472
028 C010000 187
028 C020000 44
028 C030000 0
028 C040000 1924
028 D010000 206
028 D020000 41
028 D030000 0
028 D040000 1113
028 E010000 161
028 E020000 46
028 E030000 0
028 E040000 1268
028 F010000 241
028 F020000 79
028 F030000 0
028 F040000 1415
028 G010000 1272
028 G020000 257
028 G030000 0
028 G040000 10402
028 H000000 0
029 000000 Y
<PAGE> PAGE 4
030 A000000 0
030 B000000 2.00
030 C000000 0.00
031 A000000 0
031 B000000 0
032 000000 0
033 000000 0
034 000000 N
035 000000 0
036 B000000 0
037 000000 N
038 000000 0
039 000000 N
040 000000 N
041 000000 N
042 A000000 0
042 B000000 0
042 C000000 0
042 D000000 0
042 E000000 0
042 F000000 0
042 G000000 0
042 H000000 0
043 000000 0
044 000000 0
045 000000 Y
046 000000 N
047 000000 Y
048 000000 0.500
048 A010000 0
048 A020000 0.000
048 B010000 0
048 B020000 0.000
048 C010000 0
048 C020000 0.000
048 D010000 0
048 D020000 0.000
048 E010000 0
048 E020000 0.000
048 F010000 0
048 F020000 0.000
048 G010000 0
048 G020000 0.000
048 H010000 0
048 H020000 0.000
048 I010000 0
048 I020000 0.000
048 J010000 0
048 J020000 0.000
048 K010000 0
048 K020000 0.000
<PAGE> PAGE 5
049 000000 N
050 000000 N
051 000000 N
052 000000 N
053 A000000 Y
053 B000000 Y
054 A000000 Y
054 B000000 Y
054 C000000 Y
054 D000000 N
054 E000000 N
054 F000000 N
054 G000000 Y
054 H000000 Y
054 I000000 N
054 J000000 Y
054 K000000 N
054 L000000 N
054 M000000 N
054 N000000 N
054 O000000 N
055 A000000 N
055 B000000 N
056 000000 Y
057 000000 N
058 A000000 N
059 000000 Y
060 A000000 N
060 B000000 N
061 000000 500
062 A000000 Y
062 B000000 0.0
062 C000000 0.0
062 D000000 0.9
062 E000000 0.0
062 F000000 0.0
062 G000000 0.0
062 H000000 0.0
062 I000000 0.0
062 J000000 0.0
062 K000000 0.0
062 L000000 0.0
062 M000000 1.3
062 N000000 49.6
062 O000000 48.2
062 P000000 0.0
062 Q000000 0.0
062 R000000 0.0
063 A000000 0
063 B000000 20.3
064 A000000 Y
<PAGE> PAGE 6
064 B000000 N
066 A000000 N
067 000000 N
068 A000000 N
068 B000000 N
069 000000 N
070 A010000 Y
070 A020000 Y
070 B010000 N
070 B020000 N
070 C010000 Y
070 C020000 N
070 D010000 N
070 D020000 N
070 E010000 N
070 E020000 N
070 F010000 N
070 F020000 N
070 G010000 N
070 G020000 N
070 H010000 N
070 H020000 N
070 I010000 N
070 I020000 N
070 J010000 N
070 J020000 N
070 K010000 N
070 K020000 N
070 L010000 N
070 L020000 N
070 M010000 N
070 M020000 N
070 N010000 Y
070 N020000 N
070 O010000 N
070 O020000 N
070 P010000 N
070 P020000 N
070 Q010000 N
070 Q020000 N
070 R010000 N
070 R020000 N
071 A000000 3896
071 B000000 12082
071 C000000 33283
071 D000000 12
072 A000000 6
072 B000000 1398
072 C000000 0
072 D000000 0
072 E000000 0
<PAGE> PAGE 7
072 F000000 84
072 G000000 26
072 H000000 0
072 I000000 57
072 J000000 6
072 K000000 0
072 L000000 0
072 M000000 10
072 N000000 4
072 O000000 0
072 P000000 0
072 Q000000 29
072 R000000 7
072 S000000 3
072 T000000 0
072 U000000 0
072 V000000 0
072 W000000 1
072 X000000 227
072 Y000000 38
072 Z000000 1209
072AA000000 0
072BB000000 467
072CC010000 0
072CC020000 749
072DD010000 1203
072DD020000 0
072EE000000 0
073 A010000 0.3427
073 A020000 0.0000
073 B000000 0.0000
073 C000000 0.0000
074 A000000 1
074 B000000 267
074 C000000 0
074 D000000 29068
074 E000000 0
074 F000000 0
074 G000000 0
074 H000000 0
074 I000000 0
074 J000000 414
074 K000000 25
074 L000000 285
074 M000000 0
074 N000000 30060
074 O000000 421
074 P000000 0
074 Q000000 0
074 R010000 0
074 R020000 0
<PAGE> PAGE 8
074 R030000 0
074 R040000 281
074 S000000 0
074 T000000 29358
074 U010000 3112
074 U020000 0
074 V010000 9.43
074 V020000 0.00
074 W000000 0.0000
074 X000000 426
074 Y000000 0
075 A000000 0
075 B000000 33597
076 000000 0.00
077 A000000 Y
077 B000000 Y
077 C000000 Y
077 H000000 Y
077 K000000 Y
077 M000000 Y
077 Q010000 Y
078 000000 N
080 A000000 FEDERAL INSURANCE CO. (CHUBB GROUP INSURANCE)
080 C000000 5500
081 A000000 Y
081 B000000 14
082 A000000 Y
082 B000000 10
083 A000000 N
083 B000000 0
084 A000000 N
084 B000000 0
085 A000000 Y
085 B000000 N
SIGNATURE RICHARD FABIETTI
TITLE TREASURER
[ARTICLE] 6
[LEGEND]
This schedule contains summary financial information extracted from Victory
Fund for Income Portfolio NSAR B 10/31/94 and is qualified in its entirety by
reference to such financial statements.
[/LEGEND]
[CIK] 0000807937
[NAME] THE VICTORY FUND FOR INCOME PORTFOLIO
[SERIES]
[NUMBER]
[NAME]
[MULTIPLIER] 1,000
<TABLE>
<S> <C>
[PERIOD-TYPE] 6-MOS
[FISCAL-YEAR-END] OCT-30-1994
[PERIOD-START] MAY-01-1994
[PERIOD-END] OCT-31-1994
[INVESTMENTS-AT-COST] 29,659
[INVESTMENTS-AT-VALUE] 29,335
[RECEIVABLES] 725
[ASSETS-OTHER] 0
[OTHER-ITEMS-ASSETS] 0
[TOTAL-ASSETS] 30,060
[PAYABLE-FOR-SECURITIES] 421
[SENIOR-LONG-TERM-DEBT] 0
[OTHER-ITEMS-LIABILITIES] 281
[TOTAL-LIABILITIES] 702
[SENIOR-EQUITY] 0
[PAID-IN-CAPITAL-COMMON] 31,170
[SHARES-COMMON-STOCK] 3,112
[SHARES-COMMON-PRIOR] 4,031
[ACCUMULATED-NII-CURRENT] 0
[OVERDISTRIBUTION-NII] (50)
[ACCUMULATED-NET-GAINS] 0
[OVERDISTRIBUTION-GAINS] (1,437)
[ACCUM-APPREC-OR-DEPREC] (325)
[NET-ASSETS] 29,358
[DIVIDEND-INCOME] 0
[INTEREST-INCOME] 1,398
[OTHER-INCOME] 0
[EXPENSES-NET] 189
[NET-INVESTMENT-INCOME] 1,209
[REALIZED-GAINS-CURRENT] (467)
[APPREC-INCREASE-CURRENT] (749)
[NET-CHANGE-FROM-OPS] (7)
[EQUALIZATION] 0
[DISTRIBUTIONS-OF-INCOME] (1,203)
[DISTRIBUTIONS-OF-GAINS] 0
[DISTRIBUTIONS-OTHER] 0
[NUMBER-OF-SHARES-SOLD] 1,272
[NUMBER-OF-SHARES-REDEEMED] (10,400)
[SHARES-REINVESTED] 257
[NET-CHANGE-IN-ASSETS] (10,083)
[ACCUMULATED-NII-PRIOR] 0
[ACCUMULATED-GAINS-PRIOR] 0
[OVERDISTRIB-NII-PRIOR] 0
[OVERDIST-NET-GAINS-PRIOR] (187)
[GROSS-ADVISORY-FEES] 84
[INTEREST-EXPENSE] 0
[GROSS-EXPENSE] 227
[AVERAGE-NET-ASSETS] 33,597
[PER-SHARE-NAV-BEGIN] 9.78
[PER-SHARE-NII] 0.34
[PER-SHARE-GAIN-APPREC] (0.35)
[PER-SHARE-DIVIDEND] 0
[PER-SHARE-DISTRIBUTIONS] (0.34)
[RETURNS-OF-CAPITAL] 0
[PER-SHARE-NAV-END] 9.43
[EXPENSE-RATIO] 1.12
[AVG-DEBT-OUTSTANDING] 0
[AVG-DEBT-PER-SHARE] 0
</TABLE>
