DELAWARE GROUP PREMIUM FUND INC
NSAR-A, 1995-08-31
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<PAGE>      PAGE  1
000 A000000 06/30/95
000 C000000 0000814230
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 DELAWARE GROUP PREMIUM FUND, INC.
001 B000000 811-05162
001 C000000 2157512926
002 A000000 2005 MARKET STREET
002 B000000 PHILADELPHIA
002 C000000 PA
002 D010000 19103
003  000000 N
004  000000 N
005  000000 N
006  000000 N
007 A000000 Y
007 B000000  9
007 C010100  1
007 C020100 EQUITY INCOME SERIES
007 C030100 N
007 C010200  2
007 C020200 HIGH-YIELD SERIES
007 C030200 N
007 C010300  3
007 C020300 CAPITAL RESERVES SERIES
007 C030300 N
007 C010400  4
007 C020400 MULTIPLE STRATEGY SERIES
007 C030400 N
007 C010500  5
007 C020500 MONEY MARKET SERIES
007 C030500 N
007 C010600  6
007 C020600 GROWTH SERIES
007 C030600 N
007 C010700  7
007 C020700 INTERNATIONAL EQUITY SERIES
007 C030700 N
007 C010800  8
007 C020800 VALUE SERIES
007 C030800 N
007 C010900  9
007 C020900 EMERGING GROWTH SERIES
007 C030900 N
007 C011000 10
020 A000001 AMIVEST CORP
<PAGE>      PAGE  2
020 B000001 13-2627724
020 C000001     16
020 A000002 BEAR STEARNS & CO.
020 B000002 13-3299429
020 C000002     10
020 A000003 MERRILL LYNCH, PIERCE, FENNER & SMITH, INC.
020 B000003 13-5674085
020 C000003      9
020 A000004 INSTINET CORP.
020 B000004 13-3443395
020 C000004      9
020 A000005 MORGAN STANLEY & CO., INC.
020 B000005 13-2655998
020 C000005      7
020 A000006 SMITH NEW COURT SECURITIES, INC.
020 B000006 13-3169769
020 C000006      7
020 A000007 MONTGOMERY SECURITIES
020 B000007 94-1701676
020 C000007      7
020 A000008 FSC SECURITIES CORP.
020 B000008 58-1288674
020 C000008      7
020 A000009 HG ASIA SECURITIES LTD.
020 C000009      7
020 A000010 SALOMON BROTHERS, INC.
020 B000010 13-3082694
020 C000010      6
021  000000      226
022 A000001 SMITH BARNEY, HARRIS UPHAM & CO., INC.
022 B000001 13-1912900
022 C000001     12415
022 D000001     11072
022 A000002 CS FIRST BOSTON CORPORATION
022 B000002 13-5659485
022 C000002     18530
022 D000002       807
022 A000003 MERRILL LYNCH, PIERCE, FENNER & SMITH, INC.
022 B000003 13-5674085
022 C000003     11282
022 D000003      6431
022 A000004 STARBOARD CAPITAL CORP.
022 B000004 23-2770786
022 C000004      5828
022 D000004      6176
022 A000005 MORGAN STANLEY & CO., INC.
022 B000005 13-2655998
022 C000005      8401
022 D000005      2980
022 A000006 GOLDMAN SACHS & CO.
022 B000006 13-5108880
<PAGE>      PAGE  3
022 C000006      8035
022 D000006      3090
022 A000007 DONALDSON LUFKIN & JENRETTE SECURITIES, CORP.
022 B000007 13-2741729
022 C000007      6428
022 D000007      1890
022 A000008 BEAR STEARNS & CO., INC.
022 B000008 13-3299429
022 C000008      3625
022 D000008      4283
022 A000009 MORGAN (J.P.) SECURITIES, INC.
022 B000009 13-3224016
022 C000009      2105
022 D000009      4973
022 A000010 MYERBERG & CO, L.P.
022 B000010 13-3751827
022 C000010      6685
022 D000010         0
023 C000000     127187
023 D000000      73090
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<PAGE>      PAGE  4
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<PAGE>      PAGE  5
070 M010100 N
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<PAGE>      PAGE  6
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<PAGE>      PAGE  7
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<PAGE>      PAGE  8
070 J010200 Y
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<PAGE>      PAGE  9
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<PAGE>      PAGE  10
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<PAGE>      PAGE  11
070 G010300 N
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<PAGE>      PAGE  12
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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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<PAGE>      PAGE  19
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<PAGE>      PAGE  20
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070 A010600 Y
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070 C020600 N
070 D010600 Y
070 D020600 N
070 E010600 N
070 E020600 N
070 F010600 N
070 F020600 N
070 G010600 N
070 G020600 N
070 H010600 N
070 H020600 N
070 I010600 N
070 I020600 N
070 J010600 Y
070 J020600 N
070 K010600 Y
070 K020600 N
070 L010600 Y
070 L020600 N
070 M010600 N
070 M020600 N
070 N010600 Y
070 N020600 N
070 O010600 Y
070 O020600 N
070 P010600 Y
070 P020600 N
070 Q010600 N
070 Q020600 N
070 R010600 N
070 R020600 N
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<PAGE>      PAGE  21
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<PAGE>      PAGE  22
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062 A000700 N
062 B000700   0.0
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062 F000700   0.0
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<PAGE>      PAGE  23
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070 A010700 Y
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070 D010700 Y
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070 E020700 N
070 F010700 N
070 F020700 N
070 G010700 Y
070 G020700 N
070 H010700 N
070 H020700 N
070 I010700 N
070 I020700 N
070 J010700 Y
070 J020700 N
070 K010700 Y
070 K020700 N
070 L010700 Y
070 L020700 Y
070 M010700 Y
070 M020700 Y
070 N010700 Y
070 N020700 N
070 O010700 Y
070 O020700 N
070 P010700 Y
070 P020700 N
070 Q010700 N
070 Q020700 N
070 R010700 N
070 R020700 N
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071 B000700      8562
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<PAGE>      PAGE  24
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073 A010700   0.2400
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<PAGE>      PAGE  25
074 N000700    71295
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074 R040700       44
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074 V010700    12.05
074 V020700     0.00
074 W000700   0.0000
074 X000700        9
074 Y000700        0
075 A000700        0
075 B000700    64050
076  000700     0.00
028 A010800       364
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028 F030800         0
028 F040800        62
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062 A000800 N
062 B000800   0.0
<PAGE>      PAGE  26
062 C000800   0.0
062 D000800   0.0
062 E000800   0.0
062 F000800   0.0
062 G000800   0.0
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062 O000800   0.0
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062 Q000800   0.0
062 R000800   0.0
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070 A010800 Y
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070 C020800 N
070 D010800 Y
070 D020800 N
070 E010800 N
070 E020800 N
070 F010800 N
070 F020800 N
070 G010800 Y
070 G020800 N
070 H010800 N
070 H020800 N
070 I010800 N
070 I020800 N
070 J010800 Y
070 J020800 Y
070 K010800 Y
070 K020800 N
070 L010800 Y
070 L020800 Y
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070 N020800 N
070 O010800 Y
070 O020800 N
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070 P020800 N
070 Q010800 N
<PAGE>      PAGE  27
070 Q020800 N
070 R010800 N
070 R020800 N
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073 A010800   0.1500
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<PAGE>      PAGE  28
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028 A010900       513
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<PAGE>      PAGE  29
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062 A000900 N
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070 A010900 Y
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070 E020900 N
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070 F020900 N
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070 H010900 N
070 H020900 N
070 I010900 N
070 I020900 N
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070 K020900 N
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<PAGE>      PAGE  30
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<PAGE>      PAGE  31
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SIGNATURE   ROSEMARY E. MILNER                           
TITLE       VICE PRESIDENT      
 


<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000814230
<NAME> DELAWARE GROUP PREMIUM FUND, INC.
<SERIES>
   <NUMBER> 1
   <NAME> EQUITY INCOME SERIES
       
<S>                             <C>
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</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000814230
<NAME> DELAWARE GROUP PREMIUM FUND, INC.
<SERIES>
   <NUMBER> 2
   <NAME> HIGH YIELD SERIES
       
<S>                             <C>
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</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000814230
<NAME> DELAWARE GROUP PREMIUM FUND, INC.
<SERIES>
   <NUMBER> 3
   <NAME> CAPITAL RESERVES SERIES
       
<S>                             <C>
<PERIOD-TYPE>                   6-MOS
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<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                       340,014
<NET-ASSETS>                                26,555,109
<DIVIDEND-INCOME>                                    0
<INTEREST-INCOME>                              969,928
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                  91,310
<NET-INVESTMENT-INCOME>                        878,618
<REALIZED-GAINS-CURRENT>                      (54,489)
<APPREC-INCREASE-CURRENT>                    1,331,103
<NET-CHANGE-FROM-OPS>                        2,155,232
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                      875,430
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                        161,161
<NUMBER-OF-SHARES-REDEEMED>                    328,497
<SHARES-REINVESTED>                             91,310
<NET-CHANGE-IN-ASSETS>                         580,012
<ACCUMULATED-NII-PRIOR>                              0
<ACCUMULATED-GAINS-PRIOR>                  (1,466,301)
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                           76,706
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                 91,310
<AVERAGE-NET-ASSETS>                        25,845,655
<PER-SHARE-NAV-BEGIN>                            9.300
<PER-SHARE-NII>                                  0.325
<PER-SHARE-GAIN-APPREC>                          0.469
<PER-SHARE-DIVIDEND>                             0.324
<PER-SHARE-DISTRIBUTIONS>                            0
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              9.770
<EXPENSE-RATIO>                                   0.71
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        


</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000814230
<NAME> DELAWARE GROUP PREMIUM FUND, INC.
<SERIES>
   <NUMBER> 4
   <NAME> MULTIPLE STRATEGY SERIES
       
<S>                             <C>
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          DEC-31-1994
<PERIOD-END>                               JUN-30-1995
<INVESTMENTS-AT-COST>                       51,618,128
<INVESTMENTS-AT-VALUE>                      55,639,885
<RECEIVABLES>                                  450,542
<ASSETS-OTHER>                                       0
<OTHER-ITEMS-ASSETS>                           285,440
<TOTAL-ASSETS>                              56,375,867
<PAYABLE-FOR-SECURITIES>                       829,814
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                       83,330
<TOTAL-LIABILITIES>                            913,144
<SENIOR-EQUITY>                                 40,173
<PAID-IN-CAPITAL-COMMON>                    50,304,742
<SHARES-COMMON-STOCK>                        4,017,257
<SHARES-COMMON-PRIOR>                        3,765,185
<ACCUMULATED-NII-CURRENT>                      801,309
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                        294,743
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                     4,021,757
<NET-ASSETS>                                55,462,723
<DIVIDEND-INCOME>                              716,159
<INTEREST-INCOME>                              463,281
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                 179,195
<NET-INVESTMENT-INCOME>                      1,000,245
<REALIZED-GAINS-CURRENT>                     1,055,689
<APPREC-INCREASE-CURRENT>                    3,823,095
<NET-CHANGE-FROM-OPS>                        5,879,029
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                    1,403,895
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                        315,124
<NUMBER-OF-SHARES-REDEEMED>                    175,600
<SHARES-REINVESTED>                            112,548
<NET-CHANGE-IN-ASSETS>                       7,731,992
<ACCUMULATED-NII-PRIOR>                      1,204,959
<ACCUMULATED-GAINS-PRIOR>                      760,946
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                          153,381
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                179,195
<AVERAGE-NET-ASSETS>                        51,412,404
<PER-SHARE-NAV-BEGIN>                           12.680
<PER-SHARE-NII>                                  0.249
<PER-SHARE-GAIN-APPREC>                          1.251
<PER-SHARE-DIVIDEND>                             0.370
<PER-SHARE-DISTRIBUTIONS>                            0
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                             13.810
<EXPENSE-RATIO>                                   0.70
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        

</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000814230
<NAME> DELAWARE GROUP PREMIUM FUND, INC.
<SERIES>
   <NUMBER> 5
   <NAME> MONEY MARKET SERIES
       
<S>                             <C>
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          DEC-31-1994
<PERIOD-END>                               JUN-30-1995
<INVESTMENTS-AT-COST>                       19,095,869
<INVESTMENTS-AT-VALUE>                      19,095,869
<RECEIVABLES>                                  118,190
<ASSETS-OTHER>                                       0
<OTHER-ITEMS-ASSETS>                             1,562
<TOTAL-ASSETS>                              19,215,621
<PAYABLE-FOR-SECURITIES>                             0
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                       20,359
<TOTAL-LIABILITIES>                             20,359
<SENIOR-EQUITY>                                 19,195
<PAID-IN-CAPITAL-COMMON>                    19,176,067
<SHARES-COMMON-STOCK>                        1,919,525
<SHARES-COMMON-PRIOR>                        2,012,455
<ACCUMULATED-NII-CURRENT>                            0
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                              0
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                             0
<NET-ASSETS>                                19,195,262
<DIVIDEND-INCOME>                                    0
<INTEREST-INCOME>                              596,574
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                  62,846
<NET-INVESTMENT-INCOME>                        533,728
<REALIZED-GAINS-CURRENT>                             0
<APPREC-INCREASE-CURRENT>                            0
<NET-CHANGE-FROM-OPS>                          533,728
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                      533,728
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                      2,035,319
<NUMBER-OF-SHARES-REDEEMED>                  2,181,619
<SHARES-REINVESTED>                             53,370
<NET-CHANGE-IN-ASSETS>                       (929,289)
<ACCUMULATED-NII-PRIOR>                              0
<ACCUMULATED-GAINS-PRIOR>                            0
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                           48,192
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                 62,846
<AVERAGE-NET-ASSETS>                        19,783,103
<PER-SHARE-NAV-BEGIN>                           10.000
<PER-SHARE-NII>                                  0.270
<PER-SHARE-GAIN-APPREC>                              0
<PER-SHARE-DIVIDEND>                             0.270
<PER-SHARE-DISTRIBUTIONS>                            0
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                             10.000
<EXPENSE-RATIO>                                   0.64
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        

</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000814230
<NAME> DELAWARE GROUP PREMIUM FUND, INC.
<SERIES>
   <NUMBER> 6
   <NAME> GROWTH SERIES
       
<S>                             <C>
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          DEC-31-1994
<PERIOD-END>                               JUN-30-1995
<INVESTMENTS-AT-COST>                       40,813,442
<INVESTMENTS-AT-VALUE>                      46,804,523
<RECEIVABLES>                                  494,296
<ASSETS-OTHER>                                       0
<OTHER-ITEMS-ASSETS>                             1,798
<TOTAL-ASSETS>                              47,300,617
<PAYABLE-FOR-SECURITIES>                       817,254
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                      169,223
<TOTAL-LIABILITIES>                            986,477
<SENIOR-EQUITY>                                 35,058
<PAID-IN-CAPITAL-COMMON>                    38,754,305
<SHARES-COMMON-STOCK>                        3,505,756
<SHARES-COMMON-PRIOR>                        3,347,169
<ACCUMULATED-NII-CURRENT>                      176,936
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                      1,356,760
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                     5,991,081
<NET-ASSETS>                                46,314,140
<DIVIDEND-INCOME>                               57,696
<INTEREST-INCOME>                              313,878
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                 170,992
<NET-INVESTMENT-INCOME>                        200,582
<REALIZED-GAINS-CURRENT>                     1,513,259
<APPREC-INCREASE-CURRENT>                    3,596,698
<NET-CHANGE-FROM-OPS>                        5,310,539
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                      249,375
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                        593,808
<NUMBER-OF-SHARES-REDEEMED>                    456,390
<SHARES-REINVESTED>                             21,169
<NET-CHANGE-IN-ASSETS>                       6,969,932
<ACCUMULATED-NII-PRIOR>                        225,729
<ACCUMULATED-GAINS-PRIOR>                    (156,499)
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                          161,328
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                183,507
<AVERAGE-NET-ASSETS>                        43,220,712
<PER-SHARE-NAV-BEGIN>                           11.750
<PER-SHARE-NII>                                  0.053
<PER-SHARE-GAIN-APPREC>                          1.477
<PER-SHARE-DIVIDEND>                             0.070
<PER-SHARE-DISTRIBUTIONS>                            0
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                             13.210
<EXPENSE-RATIO>                                   0.80
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        

</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000814230
<NAME> DELAWARE GROUP PREMIUM FUND, INC.
<SERIES>
   <NUMBER> 7
   <NAME> INTERNATIONAL EQUITY SERIES
       
<S>                             <C>
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          DEC-31-1994
<PERIOD-END>                               JUN-30-1995
<INVESTMENTS-AT-COST>                       66,179,545
<INVESTMENTS-AT-VALUE>                      68,241,102
<RECEIVABLES>                                1,995,561
<ASSETS-OTHER>                                       0
<OTHER-ITEMS-ASSETS>                         2,280,798
<TOTAL-ASSETS>                              72,517,461
<PAYABLE-FOR-SECURITIES>                     2,163,138
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                      235,914
<TOTAL-LIABILITIES>                          2,399,052
<SENIOR-EQUITY>                                 58,177
<PAID-IN-CAPITAL-COMMON>                    67,854,419
<SHARES-COMMON-STOCK>                        5,817,700
<SHARES-COMMON-PRIOR>                        4,867,075
<ACCUMULATED-NII-CURRENT>                    1,281,865
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                    (1,450,265)
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                     2,374,213
<NET-ASSETS>                                70,118,409
<DIVIDEND-INCOME>                            1,213,263
<INTEREST-INCOME>                              200,391
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                 253,435
<NET-INVESTMENT-INCOME>                      1,160,219
<REALIZED-GAINS-CURRENT>                   (1,114,207)
<APPREC-INCREASE-CURRENT>                    2,901,480
<NET-CHANGE-FROM-OPS>                        2,947,492
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                    1,199,737
<DISTRIBUTIONS-OF-GAINS>                       449,901
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                      1,118,449
<NUMBER-OF-SHARES-REDEEMED>                    314,589
<SHARES-REINVESTED>                            146,765
<NET-CHANGE-IN-ASSETS>                      12,469,171
<ACCUMULATED-NII-PRIOR>                      1,321,383
<ACCUMULATED-GAINS-PRIOR>                      113,843
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                          239,251
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                281,650
<AVERAGE-NET-ASSETS>                        64,049,675
<PER-SHARE-NAV-BEGIN>                           11.840
<PER-SHARE-NII>                                (0.031)
<PER-SHARE-GAIN-APPREC>                          0.571
<PER-SHARE-DIVIDEND>                             0.240
<PER-SHARE-DISTRIBUTIONS>                        0.090
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                             12.050
<EXPENSE-RATIO>                                   0.80
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        

</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000814230
<NAME> DELAWARE GROUP PREMIUM FUND, INC.
<SERIES>
   <NUMBER> 8
   <NAME> VALUE SERIES
       
<S>                             <C>
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          DEC-31-1995
<PERIOD-END>                               JUN-30-1995
<INVESTMENTS-AT-COST>                        8,357,056
<INVESTMENTS-AT-VALUE>                       8,685,056
<RECEIVABLES>                                   14,340
<ASSETS-OTHER>                                     508
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                               8,699,904
<PAYABLE-FOR-SECURITIES>                        46,229
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                       47,625
<TOTAL-LIABILITIES>                             93,854
<SENIOR-EQUITY>                                  7,870
<PAID-IN-CAPITAL-COMMON>                     8,068,180
<SHARES-COMMON-STOCK>                          175,598
<SHARES-COMMON-PRIOR>                          611,390
<ACCUMULATED-NII-CURRENT>                      105,127
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                         96,874
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                       328,000
<NET-ASSETS>                                 8,606,050
<DIVIDEND-INCOME>                               32,393
<INTEREST-INCOME>                              106,233
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                  29,236
<NET-INVESTMENT-INCOME>                        109,390
<REALIZED-GAINS-CURRENT>                        97,731
<APPREC-INCREASE-CURRENT>                      429,610
<NET-CHANGE-FROM-OPS>                          636,731
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                       94,859
<DISTRIBUTIONS-OF-GAINS>                        44,268
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                        205,622
<NUMBER-OF-SHARES-REDEEMED>                     43,909
<SHARES-REINVESTED>                             13,885
<NET-CHANGE-IN-ASSETS>                       2,314,865
<ACCUMULATED-NII-PRIOR>                         90,596
<ACCUMULATED-GAINS-PRIOR>                       43,411
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                           27,805
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                 40,501
<AVERAGE-NET-ASSETS>                         7,419,513
<PER-SHARE-NAV-BEGIN>                           10.290
<PER-SHARE-NII>                                  0.135
<PER-SHARE-GAIN-APPREC>                          0.735
<PER-SHARE-DIVIDEND>                             0.150
<PER-SHARE-DISTRIBUTIONS>                        0.070
<RETURNS-OF-CAPITAL>                             0.000
<PER-SHARE-NAV-END>                             10.940
<EXPENSE-RATIO>                                  0.800
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        

</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000814230
<NAME> DELAWARE GROUP PREMIUM FUND, INC.
<SERIES>
   <NUMBER> 9
   <NAME> EMERGING GROWTH SERIES
       
<S>                             <C>
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          DEC-31-1994
<PERIOD-END>                               JUN-30-1995
<INVESTMENTS-AT-COST>                        9,927,326
<INVESTMENTS-AT-VALUE>                      11,174,002
<RECEIVABLES>                                   78,909
<ASSETS-OTHER>                                       0
<OTHER-ITEMS-ASSETS>                           101,819
<TOTAL-ASSETS>                              11,354,730
<PAYABLE-FOR-SECURITIES>                       281,235
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                       45,860
<TOTAL-LIABILITIES>                            327,095
<SENIOR-EQUITY>                                  9,268
<PAID-IN-CAPITAL-COMMON>                     9,516,208
<SHARES-COMMON-STOCK>                          926,833
<SHARES-COMMON-PRIOR>                          697,805
<ACCUMULATED-NII-CURRENT>                       67,412
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                        188,071
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                     1,246,676
<NET-ASSETS>                                11,027,635
<DIVIDEND-INCOME>                                5,665
<INTEREST-INCOME>                               97,115
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                  33,492
<NET-INVESTMENT-INCOME>                         69,288
<REALIZED-GAINS-CURRENT>                       223,153
<APPREC-INCREASE-CURRENT>                    1,233,858
<NET-CHANGE-FROM-OPS>                        1,526,299
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                       57,059
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                        506,839
<NUMBER-OF-SHARES-REDEEMED>                    283,416
<SHARES-REINVESTED>                              5,605
<NET-CHANGE-IN-ASSETS>                       3,940,876
<ACCUMULATED-NII-PRIOR>                         55,183
<ACCUMULATED-GAINS-PRIOR>                     (35,082)
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                           31,693
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                 42,608
<AVERAGE-NET-ASSETS>                         8,462,968
<PER-SHARE-NAV-BEGIN>                           10.160
<PER-SHARE-NII>                                  0.084
<PER-SHARE-GAIN-APPREC>                          1.746
<PER-SHARE-DIVIDEND>                              0.09
<PER-SHARE-DISTRIBUTIONS>                            0
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                             11.900
<EXPENSE-RATIO>                                   0.80
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        

</TABLE>


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