FBL VARIABLE INSURANCE SERIES FUND
NSAR-B/A, 1997-04-22
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<PAGE>      PAGE  1
000 B000000 12/31/96
000 C000000 0000811707
000 D000000 N
000 E000000 NF
000 F000000 Y
000 G000000 Y
000 H000000 N
000 I000000 3.0.a
000 J000000 U
001 A000000 FBL VARIABLE INSURANCE SERIES FUND
001 B000000 811-5069
001 C000000 5152255400
002 A000000 5400 UNIVERSITY AVENUE
002 B000000 WEST DES MOINES
002 C000000 IA
002 D010000 50266
002 D020000 5997
003  000000 N
004  000000 N
005  000000 N
006  000000 N
007 A000000 Y
007 B000000  6
077 A000000 Y
080 A00AA00 CHUBB GROUP OF INSURANCE COMPANIES
080 C00AA00     1475
081 A00AA00 Y
081 B00AA00   7
082 A00AA00 N
082 B00AA00        0
083 A00AA00 N
083 B00AA00        0
084 A00AA00 N
084 B00AA00        0
085 A00AA00 Y
085 B00AA00 N
062 A000100 N
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
<PAGE>      PAGE  2
062 P000100   0.0
062 Q000100   0.0
062 R000100   0.0
071 A000100     15150
071 B000100     11690
071 C000100     16326
071 D000100   72
072 A000100 12
074 N000100    27195
074 T000100    27188
075 A000100        0
075 B000100    20777
062 A000300 Y
062 B000300   0.0
062 C000300  10.6
062 D000300   0.0
062 E000300   0.0
062 F000300   0.0
062 G000300   0.0
062 H000300   0.0
062 I000300   0.0
062 J000300   0.0
062 K000300   0.0
062 L000300   2.9
062 M000300  11.9
062 N000300   7.9
062 O000300   0.0
062 P000300  66.7
062 Q000300   0.0
062 R000300   0.0
071 A000300       993
071 B000300       890
071 C000300      2815
071 D000300   32
072 A000300 12
074 N000300     3540
074 T000300     3535
075 A000300        0
075 B000300     3304
062 A000400 Y
062 B000400   0.0
062 C000400   8.4
062 D000400   0.0
062 E000400   0.0
062 F000400   0.0
062 G000400   0.0
062 H000400   0.0
062 I000400   0.0
062 J000400   0.0
062 K000400   0.0
062 L000400  -0.7
<PAGE>      PAGE  3
062 M000400   0.0
062 N000400   0.0
062 O000400   0.0
062 P000400  91.4
062 Q000400   0.0
062 R000400   0.9
071 A000400      2518
071 B000400      1403
071 C000400      4741
071 D000400   30
072 A000400 12
074 N000400     6100
074 T000400     5929
075 A000400        0
075 B000400     5296
062 A000500 Y
062 B000500   0.0
062 C000500  25.5
062 D000500   0.0
062 E000500   0.0
062 F000500   0.0
062 G000500   0.0
062 H000500   0.0
062 I000500  24.8
062 J000500   0.0
062 K000500   0.0
062 L000500   4.8
062 M000500   0.0
062 N000500   0.0
062 O000500   0.0
062 P000500   4.9
062 Q000500   0.0
062 R000500  40.0
071 A000500      9971
071 B000500     10036
071 C000500     12090
071 D000500   82
072 A000500 12
074 N000500    26029
074 T000500    26022
075 A000500        0
075 B000500    19886
062 A000600 Y
062 B000600   0.0
062 C000600  67.1
062 D000600   0.0
062 E000600   0.0
062 F000600   0.0
062 G000600   0.0
062 H000600   0.0
062 I000600  25.0
<PAGE>      PAGE  4
062 J000600   0.0
062 K000600   0.0
062 L000600   7.9
062 M000600   0.0
062 N000600   0.0
062 O000600   0.0
062 P000600   0.0
062 Q000600   0.0
062 R000600   0.0
071 A000600         0
071 B000600         0
071 C000600         0
071 D000600    0
072 A000600 12
074 N000600     3825
074 T000600     3819
075 A000600     3167
075 B000600        0
062 A000700 N
062 B000700   0.0
062 C000700   0.0
062 D000700   0.0
062 E000700   0.0
062 F000700   0.0
062 G000700   0.0
062 H000700   0.0
062 I000700   0.0
062 J000700   0.0
062 K000700   0.0
062 L000700   0.0
062 M000700   0.0
062 N000700   0.0
062 O000700   0.0
062 P000700   0.0
062 Q000700   0.0
062 R000700   0.0
071 A000700      5509
071 B000700       231
071 C000700      9309
071 D000700    2
072 A000700 12
074 N000700    14510
074 T000700    14493
075 A000700        0
075 B000700    10272
SIGNATURE   KRISTI ROJOHN                                
TITLE       ASST SECRETARY      
 


<TABLE> <S> <C>

<ARTICLE> 6
<SERIES>
   <NUMBER> 1
   <NAME> VUL VALUE GROWTH
       
<S>                             <C>
<PERIOD-TYPE>                   12-MOS
<FISCAL-YEAR-END>                          DEC-31-1996
<PERIOD-END>                               DEC-31-1996
<INVESTMENTS-AT-COST>                         24655467
<INVESTMENTS-AT-VALUE>                        27009388
<RECEIVABLES>                                    67391
<ASSETS-OTHER>                                  118322
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                                27195101
<PAYABLE-FOR-SECURITIES>                             0
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                         6650
<TOTAL-LIABILITIES>                                650
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                      24479215
<SHARES-COMMON-STOCK>                          2070769
<SHARES-COMMON-PRIOR>                          1323819
<ACCUMULATED-NII-CURRENT>                         1732
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                         353583
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                       2353921
<NET-ASSETS>                                  27188451
<DIVIDEND-INCOME>                               397945
<INTEREST-INCOME>                               277850
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                  114651
<NET-INVESTMENT-INCOME>                         561144
<REALIZED-GAINS-CURRENT>                       1943065
<APPREC-INCREASE-CURRENT>                      1119424
<NET-CHANGE-FROM-OPS>                          3623633
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                       562374
<DISTRIBUTIONS-OF-GAINS>                       1972997
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                         630601
<NUMBER-OF-SHARES-REDEEMED>                      76748
<SHARES-REINVESTED>                             193097
<NET-CHANGE-IN-ASSETS>                        10893220
<ACCUMULATED-NII-PRIOR>                           2962
<ACCUMULATED-GAINS-PRIOR>                       283515
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                           104228
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                 144337
<AVERAGE-NET-ASSETS>                          20776657
<PER-SHARE-NAV-BEGIN>                            12.31
<PER-SHARE-NII>                                   0.35
<PER-SHARE-GAIN-APPREC>                           1.82
<PER-SHARE-DIVIDEND>                              0.30
<PER-SHARE-DISTRIBUTIONS>                         1.05
<RETURNS-OF-CAPITAL>                              0.00
<PER-SHARE-NAV-END>                              13.13
<EXPENSE-RATIO>                                    .55
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        

</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<SERIES>
   <NUMBER> 3
   <NAME> VUL HIGH GRADE BOND
       
<S>                             <C>
<PERIOD-TYPE>                   12-MOS
<FISCAL-YEAR-END>                          DEC-31-1996
<PERIOD-END>                               DEC-31-1996
<INVESTMENTS-AT-COST>                          3336263
<INVESTMENTS-AT-VALUE>                         3431155
<RECEIVABLES>                                    60066
<ASSETS-OTHER>                                   48506
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                                 3539727
<PAYABLE-FOR-SECURITIES>                             0
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                         5172
<TOTAL-LIABILITIES>                               5172
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                       3456475
<SHARES-COMMON-STOCK>                           359602
<SHARES-COMMON-PRIOR>                           321363
<ACCUMULATED-NII-CURRENT>                            0
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                        (16812)
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                         94892
<NET-ASSETS>                                   3534555
<DIVIDEND-INCOME>                                    0
<INTEREST-INCOME>                               259125
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                   18479
<NET-INVESTMENT-INCOME>                         240646
<REALIZED-GAINS-CURRENT>                         10639
<APPREC-INCREASE-CURRENT>                      (60696)
<NET-CHANGE-FROM-OPS>                           190589
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                       240646
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                         118456
<NUMBER-OF-SHARES-REDEEMED>                     102472
<SHARES-REINVESTED>                              22255
<NET-CHANGE-IN-ASSETS>                          326159
<ACCUMULATED-NII-PRIOR>                              0
<ACCUMULATED-GAINS-PRIOR>                      (30839)
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                             9973
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                  26712
<AVERAGE-NET-ASSETS>                           3304177
<PER-SHARE-NAV-BEGIN>                             9.98
<PER-SHARE-NII>                                   0.72
<PER-SHARE-GAIN-APPREC>                           0.15
<PER-SHARE-DIVIDEND>                              0.72
<PER-SHARE-DISTRIBUTIONS>                         0.00
<RETURNS-OF-CAPITAL>                              0.00
<PER-SHARE-NAV-END>                               9.83
<EXPENSE-RATIO>                                    .55
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        

</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<SERIES>
   <NUMBER> 4
   <NAME> VUL HIGH YIELD BOND
       
<S>                             <C>
<PERIOD-TYPE>                   12-MOS
<FISCAL-YEAR-END>                          DEC-31-1996
<PERIOD-END>                               DEC-31-1996
<INVESTMENTS-AT-COST>                          5864383
<INVESTMENTS-AT-VALUE>                         5965631
<RECEIVABLES>                                   134433
<ASSETS-OTHER>                                       0
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                                 6100064
<PAYABLE-FOR-SECURITIES>                             0
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                       170972
<TOTAL-LIABILITIES>                             170972
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                       5827420
<SHARES-COMMON-STOCK>                           598413
<SHARES-COMMON-PRIOR>                           496603
<ACCUMULATED-NII-CURRENT>                            0
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                            424
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                        101248
<NET-ASSETS>                                   5929092
<DIVIDEND-INCOME>                                    0
<INTEREST-INCOME>                               481351
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                   29243
<NET-INVESTMENT-INCOME>                         452108
<REALIZED-GAINS-CURRENT>                         61503
<APPREC-INCREASE-CURRENT>                       127569
<NET-CHANGE-FROM-OPS>                           641180
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                       452108
<DISTRIBUTIONS-OF-GAINS>                         67895
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                         175655
<NUMBER-OF-SHARES-REDEEMED>                     123493
<SHARES-REINVESTED>                              49648
<NET-CHANGE-IN-ASSETS>                         1118999
<ACCUMULATED-NII-PRIOR>                              0
<ACCUMULATED-GAINS-PRIOR>                         6817
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                            26585
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                  46337
<AVERAGE-NET-ASSETS>                           5295860
<PER-SHARE-NAV-BEGIN>                             9.69
<PER-SHARE-NII>                                   0.84
<PER-SHARE-GAIN-APPREC>                           0.33
<PER-SHARE-DIVIDEND>                              0.84
<PER-SHARE-DISTRIBUTIONS>                         0.11
<RETURNS-OF-CAPITAL>                              0.00
<PER-SHARE-NAV-END>                               9.91
<EXPENSE-RATIO>                                    .55
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        

</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<SERIES>
   <NUMBER> 5
   <NAME> VUL MANAGED
       
<S>                             <C>
<PERIOD-TYPE>                   12-MOS
<FISCAL-YEAR-END>                          DEC-31-1996
<PERIOD-END>                               DEC-31-1996
<INVESTMENTS-AT-COST>                         24392613
<INVESTMENTS-AT-VALUE>                        25783455
<RECEIVABLES>                                    84681
<ASSETS-OTHER>                                  160597
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                                26028733
<PAYABLE-FOR-SECURITIES>                             0
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                         6458
<TOTAL-LIABILITIES>                               6458
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                      24133530
<SHARES-COMMON-STOCK>                          2099227
<SHARES-COMMON-PRIOR>                          1237511
<ACCUMULATED-NII-CURRENT>                         1831
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                         496072
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                       1390842
<NET-ASSETS>                                  26022275
<DIVIDEND-INCOME>                               497489
<INTEREST-INCOME>                               560992
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                  109829
<NET-INVESTMENT-INCOME>                         948652
<REALIZED-GAINS-CURRENT>                       1834462
<APPREC-INCREASE-CURRENT>                       488900
<NET-CHANGE-FROM-OPS>                          3272014
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                       950234
<DISTRIBUTIONS-OF-GAINS>                       1605895
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                         707222
<NUMBER-OF-SHARES-REDEEMED>                      51812
<SHARES-REINVESTED>                             206306
<NET-CHANGE-IN-ASSETS>                        11534958
<ACCUMULATED-NII-PRIOR>                           3413
<ACCUMULATED-GAINS-PRIOR>                       267505
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                           109830
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                 148703
<AVERAGE-NET-ASSETS>                          19886029
<PER-SHARE-NAV-BEGIN>                            11.71
<PER-SHARE-NII>                                   0.60
<PER-SHARE-GAIN-APPREC>                           1.44
<PER-SHARE-DIVIDEND>                              0.50
<PER-SHARE-DISTRIBUTIONS>                         0.85
<RETURNS-OF-CAPITAL>                              0.00
<PER-SHARE-NAV-END>                              12.40
<EXPENSE-RATIO>                                    .55
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        

</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<SERIES>
   <NUMBER> 7
   <NAME> VUL BLUE CHIP
       
<S>                             <C>
<PERIOD-TYPE>                   12-MOS
<FISCAL-YEAR-END>                          DEC-31-1996
<PERIOD-END>                               DEC-31-1996
<INVESTMENTS-AT-COST>                         10947538
<INVESTMENTS-AT-VALUE>                        14487018
<RECEIVABLES>                                    22757
<ASSETS-OTHER>                                       0
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                                14509775
<PAYABLE-FOR-SECURITIES>                             0
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                        16658
<TOTAL-LIABILITIES>                              16658
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                      10951884
<SHARES-COMMON-STOCK>                           587306
<SHARES-COMMON-PRIOR>                           321986
<ACCUMULATED-NII-CURRENT>                         1327
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                            426
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                       3539480
<NET-ASSETS>                                  14493117
<DIVIDEND-INCOME>                               199461
<INTEREST-INCOME>                                49388
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                   50055
<NET-INVESTMENT-INCOME>                         198794
<REALIZED-GAINS-CURRENT>                         69879
<APPREC-INCREASE-CURRENT>                      1709516
<NET-CHANGE-FROM-OPS>                          1978189
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                       198208
<DISTRIBUTIONS-OF-GAINS>                         69445
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                         275107
<NUMBER-OF-SHARES-REDEEMED>                      20476
<SHARES-REINVESTED>                              10689
<NET-CHANGE-IN-ASSETS>                         7828313
<ACCUMULATED-NII-PRIOR>                            741
<ACCUMULATED-GAINS-PRIOR>                          (8)
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                            20647
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                  50055
<AVERAGE-NET-ASSETS>                          10271826
<PER-SHARE-NAV-BEGIN>                            20.70
<PER-SHARE-NII>                                   0.45
<PER-SHARE-GAIN-APPREC>                           3.99
<PER-SHARE-DIVIDEND>                              0.34
<PER-SHARE-DISTRIBUTIONS>                         0.12
<RETURNS-OF-CAPITAL>                              0.00
<PER-SHARE-NAV-END>                              24.68
<EXPENSE-RATIO>                                    .48
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        

</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<SERIES>
   <NUMBER> 6
   <NAME> VUL MONEY MARKET
       
<S>                             <C>
<PERIOD-TYPE>                   12-MOS
<FISCAL-YEAR-END>                          DEC-31-1996
<PERIOD-END>                               DEC-31-1996
<INVESTMENTS-AT-COST>                          3518021
<INVESTMENTS-AT-VALUE>                         3518021
<RECEIVABLES>                                     2852
<ASSETS-OTHER>                                  303867
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                                 3824740
<PAYABLE-FOR-SECURITIES>                             0
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                         5479
<TOTAL-LIABILITIES>                               5479
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                       3819261
<SHARES-COMMON-STOCK>                          3819261
<SHARES-COMMON-PRIOR>                          3158573
<ACCUMULATED-NII-CURRENT>                            0
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                              0
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                             0
<NET-ASSETS>                                   3819261
<DIVIDEND-INCOME>                                    0
<INTEREST-INCOME>                               169465
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                   17745
<NET-INVESTMENT-INCOME>                         151720
<REALIZED-GAINS-CURRENT>                             0
<APPREC-INCREASE-CURRENT>                            0
<NET-CHANGE-FROM-OPS>                           151720
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                       151720
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                       10259993
<NUMBER-OF-SHARES-REDEEMED>                    9655579
<SHARES-REINVESTED>                              56274
<NET-CHANGE-IN-ASSETS>                          660688
<ACCUMULATED-NII-PRIOR>                              0
<ACCUMULATED-GAINS-PRIOR>                            0
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                             9579
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                  27314
<AVERAGE-NET-ASSETS>                           3266989
<PER-SHARE-NAV-BEGIN>                             1.00
<PER-SHARE-NII>                                   0.05
<PER-SHARE-GAIN-APPREC>                           0.00
<PER-SHARE-DIVIDEND>                              0.05
<PER-SHARE-DISTRIBUTIONS>                         0.00
<RETURNS-OF-CAPITAL>                              0.00
<PER-SHARE-NAV-END>                               1.00
<EXPENSE-RATIO>                                    .55
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        

</TABLE>


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