<PAGE> PAGE 1
000 A000000 06/30/97
000 C000000 0000811707
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 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
007 C010100 1
007 C020100 VALUE GROWTH PORTFOLIO
007 C030100 N
007 C010200 2
007 C010300 3
007 C020300 HIGH GRADE BOND PORTFOLIO
007 C030300 N
007 C010400 4
007 C020400 HIGH YIELD BOND PORTFOLIO
007 C030400 N
007 C010500 5
007 C020500 MANAGED PORTFOLIO
007 C030500 N
007 C010600 6
007 C020600 MONEY MARKET PORTFOLIO
007 C030600 N
007 C010700 7
007 C020700 BLUE CHIP PORTFOLIO
007 C030700 N
007 C010800 8
007 C010900 9
007 C011000 10
020 A000001 DM KELLY & CO.
020 B000001 42-1439008
020 C000001 65
020 A000002 SECURITIES CORP. OF IOWA
020 B000002 42-0668686
020 C000002 17
<PAGE> PAGE 2
020 A000003 MORGAN STANLEY
020 B000003 13-2655998
020 C000003 4
020 A000004 DEAN WITTE REYNOLDS & CO.
020 B000004 94-1671384
020 C000004 3
020 A000005 MERRILL LYNCH
020 B000005 13-2761776
020 C000005 2
020 A000006 A.G. EDWARDS & CO.
020 B000006 43-0895447
020 C000006 1
020 A000007 R.W. BAIRD
020 B000007 39-6037917
020 C000007 1
020 C000008 0
020 C000009 0
020 C000010 0
021 000000 93
022 A000001 HSBC SECURITIES, INC.
022 B000001 13-2650272
022 C000001 22898
022 D000001 7502
022 A000002 DREYFUS INSTITUTIONAL
022 B000002 13-2603136
022 C000002 12552
022 D000002 13379
022 A000003 PRUDENTIAL BACHE
022 B000003 22-2347336
022 C000003 6632
022 D000003 8996
022 A000004 MERRILL LYNCH
022 B000004 13-2761776
022 C000004 9158
022 D000004 499
022 A000005 FORD MOTOR CREDIT CORP.
022 B000005 38-1612444
022 C000005 6975
022 D000005 908
022 A000006 INTERNATIONAL BUSINESS MACHINES CORP.
022 B000006 13-0871985
022 C000006 7740
022 D000006 0
022 A000007 GENERAL ELECTRIC
022 B000007 13-1500700
022 C000007 7075
022 D000007 0
022 A000008 NORWEST
022 B000008 42-0331193
022 C000008 5866
022 D000008 0
<PAGE> PAGE 3
022 A000009 JOHN DEERE CAPITAL CORPORATION
022 B000009 36-2386361
022 C000009 5575
022 D000009 0
022 A000010 DONALDSON, LUFKIN & JENRETTE
022 B000010 13-2741729
022 C000010 5405
022 D000010 0
023 C000000 110543
023 D000000 37143
077 A000000 N
028 A010100 1409
028 A020100 0
028 A030100 0
028 A040100 35
028 B010100 1483
028 B020100 0
028 B030100 0
028 B040100 55
028 C010100 1620
028 C020100 0
028 C030100 0
028 C040100 34
028 D010100 1899
028 D020100 0
028 D030100 0
028 D040100 36
028 E010100 1384
028 E020100 0
028 E030100 0
028 E040100 135
028 F010100 1042
028 F020100 0
028 F030100 0
028 F040100 70
028 G010100 8837
028 G020100 0
028 G030100 0
028 G040100 365
028 H000100 0
045 000100 Y
046 000100 N
047 000100 Y
048 000100 0.000
048 A010100 400
048 A020100 0.450
048 B010100 0
048 B020100 0.000
048 C010100 0
048 C020100 0.000
048 D010100 0
<PAGE> PAGE 4
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 400
048 K020100 0.400
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
062 P000100 0.0
062 Q000100 0.0
062 R000100 0.0
071 A000100 18265
071 B000100 11819
071 C000100 24673
071 D000100 48
072 A000100 6
072 B000100 232
072 C000100 209
072 D000100 0
072 E000100 0
072 F000100 77
072 G000100 0
072 H000100 0
072 I000100 0
072 J000100 3
072 K000100 0
072 L000100 2
072 M000100 1
072 N000100 0
<PAGE> PAGE 5
072 O000100 0
072 P000100 0
072 Q000100 8
072 R000100 0
072 S000100 2
072 T000100 0
072 U000100 0
072 V000100 0
072 W000100 2
072 X000100 105
072 Y000100 9
072 Z000100 345
072AA000100 1238
072BB000100 0
072CC010100 10
072CC020100 0
072DD010100 0
072DD020100 0
072EE000100 0
073 A010100 0.0000
073 A020100 0.0000
073 B000100 0.0000
073 C000100 0.0000
074 A000100 174
074 B000100 0
074 C000100 9798
074 D000100 1316
074 E000100 2789
074 F000100 23106
074 G000100 0
074 H000100 0
074 I000100 0
074 J000100 0
074 K000100 0
074 L000100 84
074 M000100 0
074 N000100 37267
074 O000100 0
074 P000100 0
074 Q000100 0
074 R010100 0
074 R020100 0
074 R030100 0
074 R040100 13
074 S000100 0
074 T000100 37254
074 U010100 2707
074 U020100 0
074 V010100 13.76
074 V020100 0.00
074 W000100 0.0000
<PAGE> PAGE 6
074 X000100 2
074 Y000100 0
075 A000100 0
075 B000100 31967
076 000100 0.00
028 A010300 127
028 A020300 21
028 A030300 0
028 A040300 45
028 B010300 101
028 B020300 21
028 B030300 0
028 B040300 20
028 C010300 66
028 C020300 22
028 C030300 0
028 C040300 33
028 D010300 131
028 D020300 23
028 D030300 0
028 D040300 48
028 E010300 136
028 E020300 22
028 E030300 0
028 E040300 57
028 F010300 65
028 F020300 24
028 F030300 0
028 F040300 2
028 G010300 626
028 G020300 133
028 G030300 0
028 G040300 205
028 H000300 0
062 A000300 Y
062 B000300 0.0
062 C000300 8.5
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 3.5
062 M000300 10.2
062 N000300 16.2
062 O000300 0.0
062 P000300 61.6
062 Q000300 0.0
<PAGE> PAGE 7
062 R000300 0.0
063 A000300 0
063 B000300 14.6
064 A000300 N
071 A000300 885
071 B000300 345
071 C000300 3333
071 D000300 10
072 A000300 6
072 B000300 144
072 C000300 0
072 D000300 0
072 E000300 0
072 F000300 6
072 G000300 0
072 H000300 0
072 I000300 0
072 J000300 1
072 K000300 0
072 L000300 4
072 M000300 0
072 N000300 0
072 O000300 0
072 P000300 0
072 Q000300 1
072 R000300 0
072 S000300 0
072 T000300 0
072 U000300 0
072 V000300 0
072 W000300 6
072 X000300 14
072 Y000300 3
072 Z000300 133
072AA000300 11
072BB000300 3
072CC010300 5
072CC020300 0
072DD010300 133
072DD020300 0
072EE000300 0
073 A010300 0.3449
073 A020300 0.0000
073 B000300 0.0000
073 C000300 0.0000
074 A000300 85
074 B000300 0
074 C000300 349
074 D000300 3598
074 E000300 0
074 F000300 0
<PAGE> PAGE 8
074 G000300 0
074 H000300 0
074 I000300 0
074 J000300 0
074 K000300 0
074 L000300 67
074 M000300 0
074 N000300 4099
074 O000300 0
074 P000300 0
074 Q000300 0
074 R010300 0
074 R020300 0
074 R030300 0
074 R040300 7
074 S000300 0
074 T000300 4092
074 U010300 416
074 U020300 0
074 V010300 9.82
074 V020300 0.00
074 W000300 0.0000
074 X000300 2
074 Y000300 0
075 A000300 0
075 B000300 3790
076 000300 0.00
028 A010400 253
028 A020400 39
028 A030400 0
028 A040400 514
028 B010400 292
028 B020400 38
028 B030400 0
028 B040400 28
028 C010400 173
028 C020400 40
028 C030400 0
028 C040400 10
028 D010400 378
028 D020400 44
028 D030400 0
028 D040400 33
028 E010400 468
028 E020400 40
028 E030400 0
028 E040400 177
028 F010400 199
028 F020400 48
028 F030400 0
028 F040400 46
<PAGE> PAGE 9
028 G010400 1763
028 G020400 249
028 G030400 0
028 G040400 808
028 H000400 0
045 000400 Y
046 000400 N
047 000400 Y
048 000400 0.000
048 A010400 400
048 A020400 0.450
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
048 I020400 0.000
048 J010400 0
048 J020400 0.000
048 K010400 400
048 K020400 0.400
055 A000400 N
055 B000400 N
056 000400 Y
057 000400 N
062 A000400 Y
062 B000400 0.0
062 C000400 12.4
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 -1.9
062 M000400 0.0
062 N000400 0.0
062 O000400 0.0
062 P000400 87.0
<PAGE> PAGE 10
062 Q000400 0.0
062 R000400 2.5
063 A000400 0
063 B000400 10.8
064 A000400 N
071 A000400 2176
071 B000400 1273
071 C000400 3052
071 D000400 42
072 A000400 6
072 B000400 270
072 C000400 5
072 D000400 0
072 E000400 0
072 F000400 15
072 G000400 0
072 H000400 0
072 I000400 0
072 J000400 2
072 K000400 0
072 L000400 4
072 M000400 1
072 N000400 0
072 O000400 0
072 P000400 0
072 Q000400 2
072 R000400 0
072 S000400 0
072 T000400 0
072 U000400 0
072 V000400 0
072 W000400 6
072 X000400 25
072 Y000400 7
072 Z000400 257
072AA000400 54
072BB000400 0
072CC010400 7
072CC020400 0
072DD010400 257
072DD020400 0
072EE000400 0
073 A010400 0.4059
073 A020400 0.0000
073 B000400 0.0000
073 C000400 0.0000
074 A000400 76
074 B000400 0
074 C000400 894
074 D000400 6256
074 E000400 128
<PAGE> PAGE 11
074 F000400 51
074 G000400 0
074 H000400 0
074 I000400 0
074 J000400 0
074 K000400 0
074 L000400 147
074 M000400 0
074 N000400 7552
074 O000400 0
074 P000400 0
074 Q000400 0
074 R010400 0
074 R020400 0
074 R030400 0
074 R040400 358
074 S000400 0
074 T000400 7194
074 U010400 720
074 U020400 0
074 V010400 9.99
074 V020400 0.00
074 W000400 0.0000
074 X000400 2
074 Y000400 0
075 A000400 0
075 B000400 6361
076 000400 0.00
028 A010500 998
028 A020500 0
028 A030500 0
028 A040500 17
028 B010500 1115
028 B020500 0
028 B030500 0
028 B040500 33
028 C010500 1314
028 C020500 0
028 C030500 0
028 C040500 15
028 D010500 1696
028 D020500 0
028 D030500 0
028 D040500 65
028 E010500 1597
028 E020500 0
028 E030500 0
028 E040500 37
028 F010500 1419
028 F020500 0
028 F030500 0
<PAGE> PAGE 12
028 F040500 6
028 G010500 8139
028 G020500 0
028 G030500 0
028 G040500 173
028 H000500 0
045 000500 Y
046 000500 N
047 000500 Y
048 000500 0.450
048 A010500 0
048 A020500 0.000
048 B010500 0
048 B020500 0.000
048 C010500 0
048 C020500 0.000
048 D010500 0
048 D020500 0.000
048 E010500 0
048 E020500 0.000
048 F010500 0
048 F020500 0.000
048 G010500 0
048 G020500 0.000
048 H010500 0
048 H020500 0.000
048 I010500 0
048 I020500 0.000
048 J010500 0
048 J020500 0.000
048 K010500 0
048 K020500 0.000
062 A000500 Y
062 B000500 0.0
062 C000500 17.2
062 D000500 0.0
062 E000500 0.0
062 F000500 0.0
062 G000500 0.0
062 H000500 0.0
062 I000500 15.4
062 J000500 0.0
062 K000500 0.0
062 L000500 1.4
062 M000500 0.0
062 N000500 0.0
062 O000500 0.0
062 P000500 19.4
062 Q000500 0.0
062 R000500 46.6
063 A000500 0
<PAGE> PAGE 13
063 B000500 12.1
064 A000500 N
071 A000500 17017
071 B000500 6114
071 C000500 19874
071 D000500 31
072 A000500 6
072 B000500 434
072 C000500 410
072 D000500 0
072 E000500 0
072 F000500 77
072 G000500 0
072 H000500 0
072 I000500 0
072 J000500 2
072 K000500 0
072 L000500 2
072 M000500 1
072 N000500 0
072 O000500 0
072 P000500 0
072 Q000500 7
072 R000500 0
072 S000500 2
072 T000500 0
072 U000500 0
072 V000500 0
072 W000500 10
072 X000500 101
072 Y000500 13
072 Z000500 756
072AA000500 829
072BB000500 0
072CC010500 40
072CC020500 0
072DD010500 0
072DD020500 0
072EE000500 0
073 A010500 0.0000
073 A020500 0.0000
073 B000500 0.0000
073 C000500 0.0000
074 A000500 289
074 B000500 0
074 C000500 11593
074 D000500 6913
074 E000500 9282
074 F000500 7330
074 G000500 0
074 H000500 0
<PAGE> PAGE 14
074 I000500 0
074 J000500 0
074 K000500 0
074 L000500 218
074 M000500 1
074 N000500 35626
074 O000500 0
074 P000500 0
074 Q000500 0
074 R010500 0
074 R020500 0
074 R030500 0
074 R040500 12
074 S000500 0
074 T000500 35614
074 U010500 2729
074 U020500 0
074 V010500 13.05
074 V020500 0.00
074 W000500 0.0000
074 X000500 2
074 Y000500 0
075 A000500 0
075 B000500 30308
076 000500 0.00
028 A010600 1527
028 A020600 7
028 A030600 0
028 A040600 1665
028 B010600 1515
028 B020600 7
028 B030600 0
028 B040600 1608
028 C010600 1425
028 C020600 7
028 C030600 0
028 C040600 1221
028 D010600 1922
028 D020600 9
028 D030600 0
028 D040600 1755
028 E010600 1605
028 E020600 8
028 E030600 0
028 E040600 1826
028 F010600 1468
028 F020600 8
028 F030600 0
028 F040600 1095
028 G010600 9462
028 G020600 46
<PAGE> PAGE 15
028 G030600 0
028 G040600 9170
028 H000600 0
045 000600 Y
046 000600 N
047 000600 Y
048 000600 0.250
048 A010600 0
048 A020600 0.000
048 B010600 0
048 B020600 0.000
048 C010600 0
048 C020600 0.000
048 D010600 0
048 D020600 0.000
048 E010600 0
048 E020600 0.000
048 F010600 0
048 F020600 0.000
048 G010600 0
048 G020600 0.000
048 H010600 0
048 H020600 0.000
048 I010600 0
048 I020600 0.000
048 J010600 0
048 J020600 0.000
048 K010600 0
048 K020600 0.000
062 A000600 Y
062 B000600 0.0
062 C000600 71.8
062 D000600 0.0
062 E000600 0.0
062 F000600 0.0
062 G000600 0.0
062 H000600 0.0
062 I000600 21.0
062 J000600 0.0
062 K000600 0.0
062 L000600 7.2
062 M000600 0.0
062 N000600 0.0
062 O000600 0.0
062 P000600 0.0
062 Q000600 0.0
062 R000600 0.0
063 A000600 38
063 B000600 0.0
064 A000600 N
071 A000600 0
<PAGE> PAGE 16
071 B000600 0
071 C000600 0
071 D000600 0
072 A000600 6
072 B000600 99
072 C000600 0
072 D000600 0
072 E000600 0
072 F000600 5
072 G000600 0
072 H000600 0
072 I000600 0
072 J000600 2
072 K000600 0
072 L000600 0
072 M000600 0
072 N000600 0
072 O000600 0
072 P000600 0
072 Q000600 1
072 R000600 0
072 S000600 0
072 T000600 0
072 U000600 0
072 V000600 0
072 W000600 0
072 X000600 14
072 Y000600 3
072 Z000600 88
072AA000600 0
072BB000600 0
072CC010600 0
072CC020600 0
072DD010600 88
072DD020600 0
072EE000600 0
073 A010600 0.0239
073 A020600 0.0000
073 B000600 0.0000
073 C000600 0.0000
074 A000600 296
074 B000600 0
074 C000600 3858
074 D000600 0
074 E000600 0
074 F000600 0
074 G000600 0
074 H000600 0
074 I000600 0
074 J000600 0
074 K000600 0
<PAGE> PAGE 17
074 L000600 12
074 M000600 0
074 N000600 4166
074 O000600 0
074 P000600 0
074 Q000600 0
074 R010600 0
074 R020600 0
074 R030600 0
074 R040600 9
074 S000600 0
074 T000600 4157
074 U010600 4157
074 U020600 0
074 V010600 1.00
074 V020600 0.00
074 W000600 1.0001
074 X000600 2
074 Y000600 0
075 A000600 3718
075 B000600 0
076 000600 0.00
028 A010700 847
028 A020700 0
028 A030700 0
028 A040700 51
028 B010700 767
028 B020700 0
028 B030700 0
028 B040700 109
028 C010700 1183
028 C020700 0
028 C030700 0
028 C040700 48
028 D010700 1684
028 D020700 0
028 D030700 0
028 D040700 69
028 E010700 1004
028 E020700 0
028 E030700 0
028 E040700 163
028 F010700 1238
028 F020700 0
028 F030700 0
028 F040700 167
028 G010700 6723
028 G020700 0
028 G030700 0
028 G040700 607
028 H000700 0
<PAGE> PAGE 18
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 5036
071 B000700 39
071 C000700 17044
071 D000700 0
072 A000700 6
072 B000700 46
072 C000700 159
072 D000700 0
072 E000700 0
072 F000700 19
072 G000700 0
072 H000700 0
072 I000700 0
072 J000700 3
072 K000700 0
072 L000700 1
072 M000700 1
072 N000700 0
072 O000700 0
072 P000700 0
072 Q000700 5
072 R000700 0
072 S000700 0
072 T000700 0
072 U000700 0
072 V000700 0
072 W000700 8
072 X000700 37
072 Y000700 0
072 Z000700 168
072AA000700 0
072BB000700 1
072CC010700 3444
<PAGE> PAGE 19
072CC020700 0
072DD010700 0
072DD020700 0
072EE000700 0
073 A010700 0.0000
073 A020700 0.0000
073 B000700 0.0000
073 C000700 0.0000
074 A000700 220
074 B000700 0
074 C000700 2426
074 D000700 0
074 E000700 0
074 F000700 21560
074 G000700 0
074 H000700 0
074 I000700 0
074 J000700 0
074 K000700 0
074 L000700 27
074 M000700 0
074 N000700 24233
074 O000700 0
074 P000700 0
074 Q000700 0
074 R010700 0
074 R020700 0
074 R030700 0
074 R040700 13
074 S000700 0
074 T000700 24220
074 U010700 814
074 U020700 0
074 V010700 29.75
074 V020700 0.00
074 W000700 0.0000
074 X000700 2
074 Y000700 0
075 A000700 0
075 B000700 18838
076 000700 0.00
SIGNATURE KRISTI ROJOHN
TITLE ASST SECRETARY
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 1
<NAME> VUL VALUE GROWTH
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> DEC-31-1997
<PERIOD-END> JUN-30-1997
<INVESTMENTS-AT-COST> 34644089
<INVESTMENTS-AT-VALUE> 37008331
<RECEIVABLES> 84221
<ASSETS-OTHER> 174835
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 37267386
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 13629
<TOTAL-LIABILITIES> 13629
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 32951113
<SHARES-COMMON-STOCK> 2706756
<SHARES-COMMON-PRIOR> 2070769
<ACCUMULATED-NII-CURRENT> 347046
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 1591357
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 2364242
<NET-ASSETS> 37253758
<DIVIDEND-INCOME> 208893
<INTEREST-INCOME> 231740
<OTHER-INCOME> 0
<EXPENSES-NET> 95319
<NET-INVESTMENT-INCOME> 345314
<REALIZED-GAINS-CURRENT> 1237774
<APPREC-INCREASE-CURRENT> 10321
<NET-CHANGE-FROM-OPS> 1593409
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 663510
<NUMBER-OF-SHARES-REDEEMED> 27523
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> 10065306
<ACCUMULATED-NII-PRIOR> 1732
<ACCUMULATED-GAINS-PRIOR> 353583
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 76638
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 104490
<AVERAGE-NET-ASSETS> 31967415
<PER-SHARE-NAV-BEGIN> 13.13
<PER-SHARE-NII> 0.14
<PER-SHARE-GAIN-APPREC> 0.49
<PER-SHARE-DIVIDEND> 0.00
<PER-SHARE-DISTRIBUTIONS> 0.00
<RETURNS-OF-CAPITAL> 0.00
<PER-SHARE-NAV-END> 13.76
<EXPENSE-RATIO> 0.60
<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> 6-MOS
<FISCAL-YEAR-END> DEC-31-1997
<PERIOD-END> JUN-30-1997
<INVESTMENTS-AT-COST> 3846557
<INVESTMENTS-AT-VALUE> 3946882
<RECEIVABLES> 67258
<ASSETS-OTHER> 84878
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 4099018
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 7280
<TOTAL-LIABILITIES> 7280
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 4011247
<SHARES-COMMON-STOCK> 416484
<SHARES-COMMON-PRIOR> 359602
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (19834)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 100325
<NET-ASSETS> 4091738
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 144440
<OTHER-INCOME> 0
<EXPENSES-NET> 10968
<NET-INVESTMENT-INCOME> 133472
<REALIZED-GAINS-CURRENT> (3023)
<APPREC-INCREASE-CURRENT> 5434
<NET-CHANGE-FROM-OPS> 135883
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 133472
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 64274
<NUMBER-OF-SHARES-REDEEMED> 21081
<SHARES-REINVESTED> 13689
<NET-CHANGE-IN-ASSETS> 557183
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> (16812)
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 5611
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 13717
<AVERAGE-NET-ASSETS> 3790351
<PER-SHARE-NAV-BEGIN> 9.83
<PER-SHARE-NII> 0.35
<PER-SHARE-GAIN-APPREC> 0.01
<PER-SHARE-DIVIDEND> 0.35
<PER-SHARE-DISTRIBUTIONS> 0.00
<RETURNS-OF-CAPITAL> 0.00
<PER-SHARE-NAV-END> 9.82
<EXPENSE-RATIO> 0.58
<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> 6-MOS
<FISCAL-YEAR-END> DEC-31-1997
<PERIOD-END> JUN-30-1997
<INVESTMENTS-AT-COST> 7220657
<INVESTMENTS-AT-VALUE> 7328842
<RECEIVABLES> 146617
<ASSETS-OTHER> 76219
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 7551678
<PAYABLE-FOR-SECURITIES> 350000
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 8042
<TOTAL-LIABILITIES> 358042
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 7030803
<SHARES-COMMON-STOCK> 720044
<SHARES-COMMON-PRIOR> 598413
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 54648
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 108185
<NET-ASSETS> 7193636
<DIVIDEND-INCOME> 4930
<INTEREST-INCOME> 270149
<OTHER-INCOME> 0
<EXPENSES-NET> 18271
<NET-INVESTMENT-INCOME> 256808
<REALIZED-GAINS-CURRENT> 54224
<APPREC-INCREASE-CURRENT> 6936
<NET-CHANGE-FROM-OPS> 317968
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 256808
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 178339
<NUMBER-OF-SHARES-REDEEMED> 81852
<SHARES-REINVESTED> 25144
<NET-CHANGE-IN-ASSETS> 1264543
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 424
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 14988
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 25051
<AVERAGE-NET-ASSETS> 6361468
<PER-SHARE-NAV-BEGIN> 9.91
<PER-SHARE-NII> 0.41
<PER-SHARE-GAIN-APPREC> 0.08
<PER-SHARE-DIVIDEND> 0.41
<PER-SHARE-DISTRIBUTIONS> 0.00
<RETURNS-OF-CAPITAL> 0.00
<PER-SHARE-NAV-END> 9.99
<EXPENSE-RATIO> 0.58
<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> 6-MOS
<FISCAL-YEAR-END> DEC-31-1997
<PERIOD-END> JUN-30-1997
<INVESTMENTS-AT-COST> 33686472
<INVESTMENTS-AT-VALUE> 35117660
<RECEIVABLES> 218394
<ASSETS-OTHER> 290076
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 35626130
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 12316
<TOTAL-LIABILITIES> 12316
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 32100329
<SHARES-COMMON-STOCK> 2728599
<SHARES-COMMON-PRIOR> 2099227
<ACCUMULATED-NII-CURRENT> 757529
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 1324768
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 1431188
<NET-ASSETS> 35613814
<DIVIDEND-INCOME> 410168
<INTEREST-INCOME> 433654
<OTHER-INCOME> 0
<EXPENSES-NET> 88124
<NET-INVESTMENT-INCOME> 755698
<REALIZED-GAINS-CURRENT> 828696
<APPREC-INCREASE-CURRENT> 40346
<NET-CHANGE-FROM-OPS> 1624740
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 643069
<NUMBER-OF-SHARES-REDEEMED> 13697
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> 9591539
<ACCUMULATED-NII-PRIOR> 1830
<ACCUMULATED-GAINS-PRIOR> 496072
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 76887
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 101190
<AVERAGE-NET-ASSETS> 30308096
<PER-SHARE-NAV-BEGIN> 12.40
<PER-SHARE-NII> 0.31
<PER-SHARE-GAIN-APPREC> 0.34
<PER-SHARE-DIVIDEND> 0.00
<PER-SHARE-DISTRIBUTIONS> 0.00
<RETURNS-OF-CAPITAL> 0.00
<PER-SHARE-NAV-END> 13.05
<EXPENSE-RATIO> 0.59
<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> 6-MOS
<FISCAL-YEAR-END> DEC-31-1997
<PERIOD-END> JUN-30-1997
<INVESTMENTS-AT-COST> 3858426
<INVESTMENTS-AT-VALUE> 3858426
<RECEIVABLES> 11402
<ASSETS-OTHER> 295807
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 4165635
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 8402
<TOTAL-LIABILITIES> 8402
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 4157233
<SHARES-COMMON-STOCK> 4157233
<SHARES-COMMON-PRIOR> 3819261
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 0
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 0
<NET-ASSETS> 4157233
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 98666
<OTHER-INCOME> 0
<EXPENSES-NET> 10590
<NET-INVESTMENT-INCOME> 88076
<REALIZED-GAINS-CURRENT> 0
<APPREC-INCREASE-CURRENT> 0
<NET-CHANGE-FROM-OPS> 88076
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 88076
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 9462326
<NUMBER-OF-SHARES-REDEEMED> 9169871
<SHARES-REINVESTED> 45517
<NET-CHANGE-IN-ASSETS> 337972
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 5127
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 14045
<AVERAGE-NET-ASSETS> 3834190
<PER-SHARE-NAV-BEGIN> 1.00
<PER-SHARE-NII> 0.02
<PER-SHARE-GAIN-APPREC> 0.00
<PER-SHARE-DIVIDEND> 0.02
<PER-SHARE-DISTRIBUTIONS> 0.00
<RETURNS-OF-CAPITAL> 0.00
<PER-SHARE-NAV-END> 1.00
<EXPENSE-RATIO> 0.58
<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> 6-MOS
<FISCAL-YEAR-END> DEC-31-1997
<PERIOD-END> JUN-30-1997
<INVESTMENTS-AT-COST> 17002106
<INVESTMENTS-AT-VALUE> 23986057
<RECEIVABLES> 26746
<ASSETS-OTHER> 220383
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 24233186
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 12771
<TOTAL-LIABILITIES> 12771
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 17067982
<SHARES-COMMON-STOCK> 814246
<SHARES-COMMON-PRIOR> 587306
<ACCUMULATED-NII-CURRENT> 168855
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (373)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 6983951
<NET-ASSETS> 24220415
<DIVIDEND-INCOME> 158216
<INTEREST-INCOME> 46262
<OTHER-INCOME> 0
<EXPENSES-NET> 36950
<NET-INVESTMENT-INCOME> 167528
<REALIZED-GAINS-CURRENT> (799)
<APPREC-INCREASE-CURRENT> 3444471
<NET-CHANGE-FROM-OPS> 3611200
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 249058
<NUMBER-OF-SHARES-REDEEMED> 22118
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> 9727297
<ACCUMULATED-NII-PRIOR> 1327
<ACCUMULATED-GAINS-PRIOR> 426
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 18699
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 36950
<AVERAGE-NET-ASSETS> 18837653
<PER-SHARE-NAV-BEGIN> 24.68
<PER-SHARE-NII> 0.24
<PER-SHARE-GAIN-APPREC> 4.83
<PER-SHARE-DIVIDEND> 0.00
<PER-SHARE-DISTRIBUTIONS> 0.00
<RETURNS-OF-CAPITAL> 0.00
<PER-SHARE-NAV-END> 29.75
<EXPENSE-RATIO> 0.40
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>