COMPOSITE DEFERRED SERIES INC
NSAR-A, 1997-08-27
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<PAGE>
000 A000000 06/30/97
000 C000000 0000808421
000 D000000 N
000 E000000 NF
000 F000000 Y
000 G000000 N
000 H000000 N
000 I000000 2.2
000 J000000 A
001 A000000 COMPOSITE DEFERRED SERIES, INC.
001 B000000 811-4962
001 C000000 5093533402
002 A000000 601 W. MAIN, SUITE 801
002 B000000 SPOKANE
002 C000000 WA
002 D010000 99201
002 D020000 0613
003  000000 N
004  000000 N
005  000000 N
006  000000 N
007 A000000 Y
007 B000000  3
007 C010100  1
007 C020100 GROWTH & INCOME PORTFOLIO
007 C030100 N
007 C010200  2
007 C020200 INCOME PORTFOLIO
007 C030200 N
007 C010300  3
007 C020300 NORTHWEST PORTFOLIO
007 C030300 N
008 A00AA01 COMPOSITE RESEARCH & MANAGEMENT COMPANY
008 B00AA01 A
008 C00AA01 801-4855
008 D01AA01 SEATTLE
008 D02AA01 WA
008 D03AA01 98104
011 A00AA01 COMPOSITE FUNDS DISTRIBUTOR, INC.
011 B00AA01 8-50200
011 C01AA01 SPOKANE
011 C02AA01 WA
011 C03AA01 99201
011 C04AA01 0613
012 A00AA01 MURPHEY FAVRE SECURITIES SERVICES, INC.
012 B00AA01 84-
012 C01AA01 SPOKANE
012 C02AA01 WA
012 C03AA01 99201
012 C04AA01 0613
013 A00AA01 LEMASTER & DANIELS
<PAGE>
013 B01AA01 SPOKANE
013 B02AA01 WA
013 B03AA01 99201
014 A00AA01 WM FINANCIAL SERVICES, INC.
014 B00AA01 8-3641
015 A00AA01 INVESTORS FIDUCIARY TRUST, COMPANY
015 B00AA01 C
015 C01AA01 KANSAS CITY
015 C02AA01 MO
015 C03AA01 64105
015 E01AA01 X
018  00AA00 Y
019 A00AA00 Y
019 B00AA00   12
019 C00AA00 COMPOSITES
020 A000001 AUTRONET/PERSHING
020 B000001 13-2961507
020 C000001     12
020 A000002 PAINE WEBBER
020 B000002 13-2638166
020 C000002      3
020 A000003 PRUDENTIAL SECURITIES
020 B000003 22-2347336
020 C000003      3
020 A000004 JEFFERIES & CO.
020 B000004 95-2622900
020 C000004      3
020 A000005 MORGAN STANLEY
020 B000005 13-2655998
020 C000005      3
020 A000006 LIPPER ANALYTICAL
020 B000006 13-2792478
020 C000006      2
020 A000007 GOLDMAN SACHS
020 B000007 13-5108880
020 C000007      2
020 A000008 DEUTSCHE MORGAN GRENFELL
020 B000008 13-2944988
020 C000008      2
020 A000009 MERRILL LYNCH ET AL
020 B000009 13-5674085
020 C000009      2
020 A000010 LEHMAN
020 B000010 13-2518466
020 C000010      1
021  000000       36
022 A000001 FIRST BOSTON
022 B000001 13-5659485
022 C000001    207277
022 D000001         0
022 A000002 GOLDMAN SACHS & COMPANY
<PAGE>
022 B000002 13-5108880
022 C000002     68299
022 D000002       437
022 A000003 DONALDSON, LUFKIN & JENRETTE
022 B000003 13-2741729
022 C000003      1791
022 D000003       162
022 A000004 MERRILL LYNCH
022 B000004 13-5674085
022 C000004      1075
022 D000004       393
022 A000005 JEFFERIES & COMPANY, INC.
022 B000005 95-2622900
022 C000005       980
022 D000005       347
022 A000006 LEHMAN BROTHERS
022 B000006 13-2518466
022 C000006       708
022 D000006       372
022 A000007 PRUDENTIAL SECURITIES
022 B000007 22-2347336
022 C000007       160
022 D000007       582
022 A000008 COWEN & CO.
022 B000008 13-5616116
022 C000008       348
022 D000008       302
022 A000009 SMITH BARNEY SHEARSON
022 B000009 13-2869611
022 C000009       445
022 D000009       199
022 A000010 BEAR STEARNS
022 B000010 13-3299429
022 C000010       508
022 D000010        13
023 C000000     283227
023 D000000       4482
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026 H000000 N
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030 C00AA00  0.00
<PAGE>
031 A00AA00      0
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033  00AA00      0
034  00AA00 N
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080 A00AA00 NATIONAL UNION FIRE INSURANCE CO OF PITTSBURG
080 C00AA00     6000
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081 B00AA00  11
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<PAGE>
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048 K020100 0.000
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<PAGE>
051  000100 N
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054 C000100 Y
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054 E000100 N
054 F000100 N
054 G000100 N
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054 J000100 Y
054 K000100 N
054 L000100 Y
054 M000100 Y
054 N000100 N
054 O000100 Y
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056  000100 Y
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058 A000100 N
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066 A000100 Y
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066 D000100 N
<PAGE>
066 E000100 Y
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 N
070 D020100 N
070 E010100 N
070 E020100 N
070 F010100 N
070 F020100 N
070 G010100 N
070 G020100 N
070 H010100 N
070 H020100 N
070 I010100 N
070 I020100 N
070 J010100 N
070 J020100 N
070 K010100 N
070 K020100 N
070 L010100 Y
070 L020100 N
070 M010100 N
070 M020100 N
070 N010100 Y
070 N020100 N
070 O010100 N
070 O020100 N
070 P010100 N
070 P020100 N
070 Q010100 N
070 Q020100 N
070 R010100 N
070 R020100 N
071 A000100     13931
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<PAGE>
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072EE000100     3110
073 A010100   0.1680
073 A020100   0.0000
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074 F000100    50807
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<PAGE>
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074 X000100        1
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075 B000100    46091
076  000100     0.00
024  000200 N
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025 A000202 
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028 D020200        93
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028 D040200       241
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028 F040200       196
028 G010200      1432
<PAGE>      
028 G020200       564
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028 G040200      1645
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037  000200 N
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039  000200 N
040  000200 N
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042 C000200   0
042 D000200   0
042 E000200   0
042 F000200   0
042 G000200   0
042 H000200   0
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045  000200 Y
046  000200 N
047  000200 Y
048  000200  0.500
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048 A020200 0.000
048 B010200        0
048 B020200 0.000
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048 D020200 0.000
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048 E020200 0.000
048 F010200        0
048 F020200 0.000
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048 G020200 0.000
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048 I010200        0
048 I020200 0.000
048 J010200        0
048 J020200 0.000
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048 K020200 0.000
049  000200 N
050  000200 N
051  000200 N
052  000200 N
053 A000200 N
054 A000200 Y
054 B000200 Y
<PAGE>      
054 C000200 Y
054 D000200 N
054 E000200 N
054 F000200 N
054 G000200 N
054 H000200 Y
054 I000200 N
054 J000200 Y
054 K000200 N
054 L000200 Y
054 M000200 Y
054 N000200 N
054 O000200 Y
055 A000200 N
055 B000200 N
056  000200 Y
057  000200 N
058 A000200 N
059  000200 Y
060 A000200 Y
060 B000200 Y
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062 I000200   0.0
062 J000200   0.0
062 K000200   0.0
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062 M000200  38.7
062 N000200  17.4
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064 A000200 Y
066 A000200 N
067  000200 N
068 A000200 N
068 B000200 N
069  000200 N
070 A010200 Y
070 A020200 Y
070 B010200 N
<PAGE>      
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
070 J010200 N
070 J020200 N
070 K010200 N
070 K020200 N
070 L010200 Y
070 L020200 Y
070 M010200 N
070 M020200 N
070 N010200 Y
070 N020200 N
070 O010200 N
070 O020200 N
070 P010200 N
070 P020200 N
070 Q010200 N
070 Q020200 N
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<PAGE>      
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<PAGE>      
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<PAGE>      
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050  000300 N
051  000300 N
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054 D000300 N
054 E000300 N
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<PAGE>      
054 N000300 N
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070 C020300 N
070 D010300 N
070 D020300 N
070 E010300 N
<PAGE>      
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 N
070 J020300 N
070 K010300 N
070 K020300 N
070 L010300 N
070 L020300 N
070 M010300 N
070 M020300 N
070 N010300 Y
070 N020300 N
070 O010300 N
070 O020300 N
070 P010300 N
070 P020300 N
070 Q010300 N
070 Q020300 N
070 R010300 N
070 R020300 N
071 A000300      3143
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<PAGE>      
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<PAGE>      
SIGNATURE   JOHN T WEST                                  
TITLE       SECRETARY           

<TABLE> <S> <C>

<ARTICLE>                                         6
<LEGEND>
THIS  SCHEDULE  CONTAINS  SUMMARY  FINANCIAL   INFORMATION  EXTRACTED  FROM  THE
REGISTRANT'S  SEMIANNUAL  REPORT  AND  FORM  N-SAR  WHICH  ARE ON FILE  WITH THE
SECURITIES AND EXCHANGE COMMISSION AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE
TO SUCH DOCUMENTS.
</LEGEND>
<CIK>                                                      0000808421
<NAME>                                          Composite Deferred Series, Inc.
<SERIES>
   <NUMBER>                                                        01
   <NAME>                                         Growth & Income Portfolio
       
<S>                                               <C>
<PERIOD-TYPE>                                     6-mos
<FISCAL-YEAR-END>                                 DEC-31-1997
<PERIOD-START>                                    JAN-01-1997
<PERIOD-END>                                      JUN-30-1997
<INVESTMENTS-AT-COST>                                      38,091,798
<INVESTMENTS-AT-VALUE>                                     52,431,635
<RECEIVABLES>                                                 601,661
<ASSETS-OTHER>                                                    701
<OTHER-ITEMS-ASSETS>                                                0
<TOTAL-ASSETS>                                             53,033,997
<PAYABLE-FOR-SECURITIES>                                      423,125
<SENIOR-LONG-TERM-DEBT>                                             0
<OTHER-ITEMS-LIABILITIES>                                      53,610
<TOTAL-LIABILITIES>                                           476,735
<SENIOR-EQUITY>                                                     0
<PAID-IN-CAPITAL-COMMON>                                   36,734,150
<SHARES-COMMON-STOCK>                                       1,980,419
<SHARES-COMMON-PRIOR>                                       1,702,382
<ACCUMULATED-NII-CURRENT>                                           0
<OVERDISTRIBUTION-NII>                                           (215)
<ACCUMULATED-NET-GAINS>                                     1,484,900
<OVERDISTRIBUTION-GAINS>                                            0
<ACCUM-APPREC-OR-DEPREC>                                   14,338,427
<NET-ASSETS>                                               52,557,262
<DIVIDEND-INCOME>                                             422,165
<INTEREST-INCOME>                                              23,681
<OTHER-INCOME>                                                      0
<EXPENSES-NET>                                               (133,729)
<NET-INVESTMENT-INCOME>                                       312,117
<REALIZED-GAINS-CURRENT>                                    1,499,031
<APPREC-INCREASE-CURRENT>                                   5,985,847
<NET-CHANGE-FROM-OPS>                                       7,793,995
<EQUALIZATION>                                                      0
<DISTRIBUTIONS-OF-INCOME>                                    (313,730)
<DISTRIBUTIONS-OF-GAINS>                                   (3,110,023)
<DISTRIBUTIONS-OTHER>                                               0
<NUMBER-OF-SHARES-SOLD>                                       188,884
<NUMBER-OF-SHARES-REDEEMED>                                   (54,104)
<SHARES-REINVESTED>                                           143,257
<NET-CHANGE-IN-ASSETS>                                     11,155,595
<ACCUMULATED-NII-PRIOR>                                         1,398
<ACCUMULATED-GAINS-PRIOR>                                   3,095,892
<OVERDISTRIB-NII-PRIOR>                                             0
<OVERDIST-NET-GAINS-PRIOR>                                          0
<GROSS-ADVISORY-FEES>                                         114,416
<INTEREST-EXPENSE>                                                  0
<GROSS-EXPENSE>                                               133,729
<AVERAGE-NET-ASSETS>                                       46,090,684
<PER-SHARE-NAV-BEGIN>                                              24.32
<PER-SHARE-NII>                                                     0.17
<PER-SHARE-GAIN-APPREC>                                             3.97
<PER-SHARE-DIVIDEND>                                               (0.17)
<PER-SHARE-DISTRIBUTIONS>                                          (1.75)
<RETURNS-OF-CAPITAL>                                                0
<PER-SHARE-NAV-END>                                                26.54
<EXPENSE-RATIO>                                                     0.59
<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
REGISTRANT'S  SEMIANNUAL  REPORT  AND  FORM  N-SAR  WHICH  ARE ON FILE  WITH THE
SECURITIES AND EXCHANGE COMMISSION AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE
TO SUCH DOCUMENTS.
</LEGEND>
<CIK>                                                      0000808421
<NAME>                                          Composite Deferred Series, Inc.
<SERIES>
   <NUMBER>                                                        02
   <NAME>                                         Income Portfolio
       
<S>                                               <C>
<PERIOD-TYPE>                                     6-mos
<FISCAL-YEAR-END>                                 DEC-31-1997
<PERIOD-START>                                    JAN-01-1997
<PERIOD-END>                                      JUN-30-1997
<INVESTMENTS-AT-COST>                                      17,335,440
<INVESTMENTS-AT-VALUE>                                     17,388,697
<RECEIVABLES>                                                 296,739
<ASSETS-OTHER>                                                  4,804
<OTHER-ITEMS-ASSETS>                                                0
<TOTAL-ASSETS>                                             17,690,240
<PAYABLE-FOR-SECURITIES>                                            0
<SENIOR-LONG-TERM-DEBT>                                             0
<OTHER-ITEMS-LIABILITIES>                                       9,311
<TOTAL-LIABILITIES>                                             9,311
<SENIOR-EQUITY>                                                     0
<PAID-IN-CAPITAL-COMMON>                                   17,740,740
<SHARES-COMMON-STOCK>                                       1,467,976
<SHARES-COMMON-PRIOR>                                       1,438,611
<ACCUMULATED-NII-CURRENT>                                           0
<OVERDISTRIBUTION-NII>                                              0
<ACCUMULATED-NET-GAINS>                                      (113,068)
<OVERDISTRIBUTION-GAINS>                                            0
<ACCUM-APPREC-OR-DEPREC>                                       53,257
<NET-ASSETS>                                               17,680,929
<DIVIDEND-INCOME>                                               7,679
<INTEREST-INCOME>                                             615,937
<OTHER-INCOME>                                                      0
<EXPENSES-NET>                                                (59,357)
<NET-INVESTMENT-INCOME>                                       564,259
<REALIZED-GAINS-CURRENT>                                       28,681
<APPREC-INCREASE-CURRENT>                                     (83,149)
<NET-CHANGE-FROM-OPS>                                         509,791
<EQUALIZATION>                                                      0
<DISTRIBUTIONS-OF-INCOME>                                    (564,259)
<DISTRIBUTIONS-OF-GAINS>                                            0
<DISTRIBUTIONS-OTHER>                                               0
<NUMBER-OF-SHARES-SOLD>                                       119,961
<NUMBER-OF-SHARES-REDEEMED>                                  (137,861)
<SHARES-REINVESTED>                                            47,265
<NET-CHANGE-IN-ASSETS>                                        296,425
<ACCUMULATED-NII-PRIOR>                                             0
<ACCUMULATED-GAINS-PRIOR>                                    (141,748)
<OVERDISTRIB-NII-PRIOR>                                             0
<OVERDIST-NET-GAINS-PRIOR>                                          0
<GROSS-ADVISORY-FEES>                                          42,930
<INTEREST-EXPENSE>                                                  0
<GROSS-EXPENSE>                                                59,357
<AVERAGE-NET-ASSETS>                                       17,413,580
<PER-SHARE-NAV-BEGIN>                                              12.08
<PER-SHARE-NII>                                                     0.39
<PER-SHARE-GAIN-APPREC>                                            (0.04)
<PER-SHARE-DIVIDEND>                                               (0.39)
<PER-SHARE-DISTRIBUTIONS>                                           0
<RETURNS-OF-CAPITAL>                                                0
<PER-SHARE-NAV-END>                                                12.04
<EXPENSE-RATIO>                                                     0.69
<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
REGISTRANT'S  SEMIANNUAL  REPORT  AND  FORM  N-SAR  WHICH  ARE ON FILE  WITH THE
SECURITIES AND EXCHANGE COMMISSION AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE
TO SUCH DOCUMENTS.
</LEGEND>
<CIK>                                                      0000808421
<NAME>                                          Composite Deferred Series, Inc.
<SERIES>
   <NUMBER>                                                        03
   <NAME>                                         Northwest Portfolio
       
<S>                                               <C>
<PERIOD-TYPE>                                     6-mos
<FISCAL-YEAR-END>                                 DEC-31-1997
<PERIOD-START>                                    JAN-01-1997
<PERIOD-END>                                      JUN-30-1997
<INVESTMENTS-AT-COST>                                      11,910,991
<INVESTMENTS-AT-VALUE>                                     17,342,756
<RECEIVABLES>                                                 197,920
<ASSETS-OTHER>                                                 30,471
<OTHER-ITEMS-ASSETS>                                                0
<TOTAL-ASSETS>                                             17,571,147
<PAYABLE-FOR-SECURITIES>                                      132,651
<SENIOR-LONG-TERM-DEBT>                                             0
<OTHER-ITEMS-LIABILITIES>                                       5,946
<TOTAL-LIABILITIES>                                           138,597
<SENIOR-EQUITY>                                                     0
<PAID-IN-CAPITAL-COMMON>                                   11,550,854
<SHARES-COMMON-STOCK>                                         805,519
<SHARES-COMMON-PRIOR>                                         700,316
<ACCUMULATED-NII-CURRENT>                                           0
<OVERDISTRIBUTION-NII>                                           (226)
<ACCUMULATED-NET-GAINS>                                       450,157
<OVERDISTRIBUTION-GAINS>                                            0
<ACCUM-APPREC-OR-DEPREC>                                    5,431,765
<NET-ASSETS>                                               17,432,550
<DIVIDEND-INCOME>                                              64,131
<INTEREST-INCOME>                                              16,045
<OTHER-INCOME>                                                      0
<EXPENSES-NET>                                                (50,482)
<NET-INVESTMENT-INCOME>                                        29,694
<REALIZED-GAINS-CURRENT>                                      475,755
<APPREC-INCREASE-CURRENT>                                   2,499,704
<NET-CHANGE-FROM-OPS>                                       3,005,153
<EQUALIZATION>                                                      0
<DISTRIBUTIONS-OF-INCOME>                                     (30,769)
<DISTRIBUTIONS-OF-GAINS>                                     (356,675)
<DISTRIBUTIONS-OTHER>                                               0
<NUMBER-OF-SHARES-SOLD>                                       105,205
<NUMBER-OF-SHARES-REDEEMED>                                   (20,725)
<SHARES-REINVESTED>                                            20,723
<NET-CHANGE-IN-ASSETS>                                      4,662,904
<ACCUMULATED-NII-PRIOR>                                           849
<ACCUMULATED-GAINS-PRIOR>                                     331,077
<OVERDISTRIB-NII-PRIOR>                                             0
<OVERDIST-NET-GAINS-PRIOR>                                          0
<GROSS-ADVISORY-FEES>                                          36,406
<INTEREST-EXPENSE>                                                  0
<GROSS-EXPENSE>                                                50,482
<AVERAGE-NET-ASSETS>                                       14,708,931
<PER-SHARE-NAV-BEGIN>                                              18.23
<PER-SHARE-NII>                                                     0.04
<PER-SHARE-GAIN-APPREC>                                             3.89
<PER-SHARE-DIVIDEND>                                               (0.04)
<PER-SHARE-DISTRIBUTIONS>                                          (0.48)
<RETURNS-OF-CAPITAL>                                                0
<PER-SHARE-NAV-END>                                                21.64
<EXPENSE-RATIO>                                                     0.70
<AVG-DEBT-OUTSTANDING>                                              0
<AVG-DEBT-PER-SHARE>                                                0
        

</TABLE>


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