<PAGE> PAGE 1
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003 000000 N
004 000000 N
005 000000 N
006 000000 N
007 A000000 Y
007 B000000 9
007 C010100 1
007 C020100 CASH MANAGEMENT PORTFOLIO
007 C030100 N
007 C010200 2
007 C020200 COMMON STOCK PORTFOLIO
007 C030200 N
007 C010300 3
007 C020300 TILT UTILITY PORTFOLIO
007 C030300 N
007 C010400 4
007 C020400 HIGH INCOME BOND PORTFOLIO
007 C030400 N
007 C010500 5
007 C020500 MULTIPLE STRATEGIES PORTFOLIO
007 C030500 N
007 C010600 6
007 C020600 U.S. GOVERNMENT BOND PORTFOLIO
007 C030600 N
007 C010700 7
007 C020700 WORLD EQUITY PORTFOLIO
007 C030700 N
007 C010800 8
007 C020800 SMALL CAP PORTFOLIO
007 C030800 N
007 C010900 9
007 C020900 GROWTH & INCOME PORTFOLIO
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<PAGE> PAGE 2
007 C011200 12
007 C011300 13
007 C011400 14
007 C011500 15
007 C011600 16
007 C011700 17
007 C011800 18
007 C011900 19
007 C012000 20
010 A00AA01 FIRST VARIABLE ADVISORY SERICES CORP.
010 B00AA01 801-45016
010 C01AA01 BOSTON
010 C02AA01 MA
010 C03AA01 02210
010 A00AA02 STATE STREET BANK & TRUST COMPANY
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010 C01AA02 BOSTON
010 C02AA02 MA
010 C03AA02 02210
010 C04AA02 9110
011 A00AA01 DELETE
012 A00AA01 STATE STREET BANK AND TRUST COMPANY
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012 C03AA01 02105
012 C04AA01 1978
013 A00AA01 ERNST & YOUNG,LLP
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013 B02AA01 MA
013 B03AA01 02116
013 B04AA01 5072
014 A00AA01 DELETE
015 A00AA01 STATE STREET BANK AND TRUST COMPANY
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015 B00AA02 S
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015 B00AA03 S
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015 D01AA03 AUSTRALIA
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<PAGE> PAGE 3
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015 E04AA04 X
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015 D01AA05 BELGIUM
015 E04AA05 X
015 A00AA06 CITIBANK, N.A.
015 B00AA06 S
015 C01AA06 SAN PAULO
015 D01AA06 BARZIL
015 E04AA06 X
015 A00AA07 THE CANADA TRUST CO.
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015 C01AA07 TORONTO
015 D01AA07 CANADA
015 E04AA07 X
015 A00AA08 CITIBANK
015 B00AA08 S
015 C01AA08 SANTIAGO
015 D01AA08 CHILE
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015 A00AA09 HONGKONG AND SHANGHAI BANKING CORP., LTD.
015 B00AA09 S
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015 D01AA09 CHINA
015 E04AA09 X
015 A00AA10 CITITRUST COLUMBIA, S.A.
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<PAGE> PAGE 4
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015 A00AA16 STANDARD CHARTERED BANK, PLC.
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<PAGE> PAGE 5
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015 D01AA29 PERU
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<PAGE> PAGE 6
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<PAGE> PAGE 7
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<PAGE> PAGE 8
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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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<PAGE> PAGE 12
070 E020100 N
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<PAGE> PAGE 13
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<PAGE> PAGE 14
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<PAGE> PAGE 15
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<PAGE> PAGE 16
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<PAGE> PAGE 17
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<PAGE> PAGE 18
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008 A000301 FIRST VARIABLE ADVISORY SERVICES CORP.
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<PAGE> PAGE 19
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<PAGE> PAGE 26
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<PAGE> PAGE 27
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<PAGE> PAGE 28
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<PAGE> PAGE 29
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<PAGE> PAGE 32
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<PAGE> PAGE 33
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<PAGE> PAGE 40
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<PAGE> PAGE 41
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<PAGE> PAGE 42
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<PAGE> PAGE 43
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<PAGE> PAGE 44
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<PAGE> PAGE 45
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<PAGE> PAGE 46
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SIGNATURE MARK REYNOLDS
TITLE TREASURER
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<NAME> VIST WORLD EQUITY PORTFOLIO
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<NAME> VARIABLE INVESTORS SERIES TRUST
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<NAME> VIST SMALL CAP PORTFOLIO
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<NAME> VARIABLE INVESTORS SERIES TRUST
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