DELAWARE GROUP PREMIUM FUND INC
NSAR-A, 1996-08-28
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<PAGE>      PAGE  1
000 A000000 06/30/96
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 811-5162
001 C000000 2152552926
002 A000000 2005 MARKET STREET
002 B000000 PHILADELHPIA
002 C000000 PA
002 D010000 19103
003  000000 N
004  000000 N
005  000000 N
006  000000 N
007 A000000 Y
007 B000000 10
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
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007 C010500  5
007 C020500 MONEY MARKET SERIES
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007 C010600  6
007 C020600 GROWTH SERIES
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007 C010700  7
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007 C020800 VALUE SERIES
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007 C020900 EMERGING GROWTH SERIES
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007 C021000 GLOBAL BOND SERIES
<PAGE>      PAGE  2
007 C031000 N
015 A00AA01 THE CHASE MANHATTAN BANK
015 B00AA01 C
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015 C03AA01 11245
015 E01AA01 X
018  00AA00 Y
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019 C00AA00 DELAWARECX
020 A000001 INSTINET CORP.
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020 A000002 AMIVEST CORP.
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020 A000003 MERRILL LYNCH, PIERCE, FENNER & SMITH, INC.
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020 A000004 SMITH BARNEY, HARRIS, UPHAM & CO., INC.
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020 A000005 BEAR STEARNS & CO., INC.
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020 A000008 DONALDSON LUFKIN & JENRETTE SECURITIES, CORP.
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022 A000003 PRUDENTIAL SECURITIES, INC.
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<PAGE>      PAGE  3
022 C000003      8108
022 D000003      7007
022 A000004 FIRST BOSTON CORP.
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<PAGE>      PAGE  4
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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  11
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<PAGE>      PAGE  19
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<PAGE>      PAGE  23
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<PAGE>      PAGE  24
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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> 001
   <NAME> EQUITY INCOME SERIES
       
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</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000814230
<NAME> DELAWARE GROUP PREMIUM FUND, INC.
<SERIES>
   <NUMBER> 002
   <NAME> HIGH YIELD SERIES
       
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</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000814230
<NAME> DELAWARE GROUP PREMIUM FUND, INC.
<SERIES>
   <NUMBER> 003
   <NAME> CAPITAL RESERVES SERIES
       
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</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000814230
<NAME> DELAWARE GROUP PREMIUM FUND, INC.
<SERIES>
   <NUMBER> 004
   <NAME> MULTIPLE STRATEGY SERIES
       
<S>                             <C>
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<FISCAL-YEAR-END>                          DEC-31-1995
<PERIOD-END>                               JUN-30-1996
<INVESTMENTS-AT-COST>                       58,474,786
<INVESTMENTS-AT-VALUE>                      65,207,616
<RECEIVABLES>                                2,069,565
<ASSETS-OTHER>                                       0
<OTHER-ITEMS-ASSETS>                           336,416
<TOTAL-ASSETS>                              67,613,597
<PAYABLE-FOR-SECURITIES>                       474,959
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                      209,784
<TOTAL-LIABILITIES>                            684,743
<SENIOR-EQUITY>                                 43,842
<PAID-IN-CAPITAL-COMMON>                    55,635,659
<SHARES-COMMON-STOCK>                        4,384,172
<SHARES-COMMON-PRIOR>                        4,079,570
<ACCUMULATED-NII-CURRENT>                      987,934
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                      3,528,590
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<ACCUM-APPREC-OR-DEPREC>                     6,732,830
<NET-ASSETS>                                66,928,854
<DIVIDEND-INCOME>                              565,820
<INTEREST-INCOME>                              821,597
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                 210,964
<NET-INVESTMENT-INCOME>                      1,176,453
<REALIZED-GAINS-CURRENT>                     3,544,638
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<NET-CHANGE-FROM-OPS>                        3,698,885
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                    1,734,080
<DISTRIBUTIONS-OF-GAINS>                     2,685,289
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                        229,220
<NUMBER-OF-SHARES-REDEEMED>                    228,064
<SHARES-REINVESTED>                            303,446
<NET-CHANGE-IN-ASSETS>                       3,713,678
<ACCUMULATED-NII-PRIOR>                      1,545,561
<ACCUMULATED-GAINS-PRIOR>                    2,669,241
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                          193,612
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                210,964
<AVERAGE-NET-ASSETS>                        64,742,701
<PER-SHARE-NAV-BEGIN>                           15.500
<PER-SHARE-NII>                                  0.267
<PER-SHARE-GAIN-APPREC>                          0.578
<PER-SHARE-DIVIDEND>                             0.420
<PER-SHARE-DISTRIBUTIONS>                        0.655
<RETURNS-OF-CAPITAL>                             0.000
<PER-SHARE-NAV-END>                             15.270
<EXPENSE-RATIO>                                  0.660
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                             0.000
        

</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000814230
<NAME> DELAWARE GROUP PREMIUM FUND, INC
<SERIES>
   <NUMBER> 005
   <NAME> MONEY MARKET SERIES
       
<S>                             <C>
<PERIOD-TYPE>                    6-MOS
<FISCAL-YEAR-END>                          DEC-31-1995
<PERIOD-END>                               JUN-30-1996
<INVESTMENTS-AT-COST>                       21,017,224
<INVESTMENTS-AT-VALUE>                      21,017,224
<RECEIVABLES>                                   65,315
<ASSETS-OTHER>                                       0
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                              21,082,539
<PAYABLE-FOR-SECURITIES>                             0
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                      140,277
<TOTAL-LIABILITIES>                            140,277
<SENIOR-EQUITY>                                 20,942
<PAID-IN-CAPITAL-COMMON>                    20,921,320
<SHARES-COMMON-STOCK>                        2,094,226
<SHARES-COMMON-PRIOR>                        1,633,818
<ACCUMULATED-NII-CURRENT>                            0
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                              0
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                             0
<NET-ASSETS>                                20,942,262
<DIVIDEND-INCOME>                                    0
<INTEREST-INCOME>                              507,800
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                  56,208
<NET-INVESTMENT-INCOME>                        451,592
<REALIZED-GAINS-CURRENT>                             0
<APPREC-INCREASE-CURRENT>                            0
<NET-CHANGE-FROM-OPS>                          451,592
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                      451,592     
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                      2,283,372
<NUMBER-OF-SHARES-REDEEMED>                  1,868,075  
<SHARES-REINVESTED>                             45,111
<NET-CHANGE-IN-ASSETS>                       4,604,080
<ACCUMULATED-NII-PRIOR>                              0
<ACCUMULATED-GAINS-PRIOR>                            0
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                           46,417
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                 56,208
<AVERAGE-NET-ASSETS>                        18,888,515
<PER-SHARE-NAV-BEGIN>                            10.00
<PER-SHARE-NII>                                   0.24
<PER-SHARE-GAIN-APPREC>                              0
<PER-SHARE-DIVIDEND>                                 0
<PER-SHARE-DISTRIBUTIONS>                         0.24
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              10.00
<EXPENSE-RATIO>                                   0.60
<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>  006
   <NAME> GROWTH SERIES
       
<S>                             <C>
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          DEC-31-1995
<PERIOD-END>                               JUN-30-1996
<INVESTMENTS-AT-COST>                       53,797,645
<INVESTMENTS-AT-VALUE>                      68,320,447
<RECEIVABLES>                                8,663,423
<ASSETS-OTHER>                                       0
<OTHER-ITEMS-ASSETS>                            12,940
<TOTAL-ASSETS>                              76,996,810
<PAYABLE-FOR-SECURITIES>                     8,693,661
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                      171,354
<TOTAL-LIABILITIES>                          8,865,015
<SENIOR-EQUITY>                                 42,810
<PAID-IN-CAPITAL-COMMON>                    49,891,375
<SHARES-COMMON-STOCK>                        4,280,988
<SHARES-COMMON-PRIOR>                        3,840,882
<ACCUMULATED-NII-CURRENT>                     (94,579)
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                      3,823,170
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                    14,522,802
<NET-ASSETS>                                68,185,580
<DIVIDEND-INCOME>                               68,911
<INTEREST-INCOME>                               93,019
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                 252,332
<NET-INVESTMENT-INCOME>                       (90,402)
<REALIZED-GAINS-CURRENT>                     3,916,585
<APPREC-INCREASE-CURRENT>                    4,775,745
<NET-CHANGE-FROM-OPS>                        8,601,928
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                      270,847
<DISTRIBUTIONS-OF-GAINS>                     4,585,060
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                        461,918
<NUMBER-OF-SHARES-REDEEMED>                    373,571
<SHARES-REINVESTED>                            347,595
<NET-CHANGE-IN-ASSETS>                      10,063,003
<ACCUMULATED-NII-PRIOR>                        266,670
<ACCUMULATED-GAINS-PRIOR>                    4,491,645
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                          237,962
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                263,281
<AVERAGE-NET-ASSETS>                        63,623,946
<PER-SHARE-NAV-BEGIN>                           15.130
<PER-SHARE-NII>                                (0.032)
<PER-SHARE-GAIN-APPREC>                          2.097
<PER-SHARE-DIVIDEND>                             0.070
<PER-SHARE-DISTRIBUTIONS>                        1.185
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                             15.940
<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> 007
   <NAME> INTERNATIONAL EQUITY SERIES
       
<S>                             <C>
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          DEC-31-1996
<PERIOD-END>                               JUN-30-1996
<INVESTMENTS-AT-COST>                       91,285,625
<INVESTMENTS-AT-VALUE>                     101,186,478
<RECEIVABLES>                                1,082,943
<ASSETS-OTHER>                               1,162,442
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                             103,431,863
<PAYABLE-FOR-SECURITIES>                       226,378
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                      176,570
<TOTAL-LIABILITIES>                            402,948
<SENIOR-EQUITY>                                 74,851
<PAID-IN-CAPITAL-COMMON>                    89,822,599
<SHARES-COMMON-STOCK>                        7,485,052
<SHARES-COMMON-PRIOR>                        6,217,817
<ACCUMULATED-NII-CURRENT>                    3,037,285
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                      (119,194)
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                    10,213,374
<NET-ASSETS>                               103,028,915
<DIVIDEND-INCOME>                            1,890,465
<INTEREST-INCOME>                              196,038
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                 364,895
<NET-INVESTMENT-INCOME>                      1,721,608
<REALIZED-GAINS-CURRENT>                     1,510,023
<APPREC-INCREASE-CURRENT>                    4,768,145
<NET-CHANGE-FROM-OPS>                        7,999,776
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                    2,695,399
<DISTRIBUTIONS-OF-GAINS>                       725,191
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                      1,290,305
<NUMBER-OF-SHARES-REDEEMED>                    288,644
<SHARES-REINVESTED>                            265,574
<NET-CHANGE-IN-ASSETS>                      21,480,876
<ACCUMULATED-NII-PRIOR>                      2,405,240
<ACCUMULATED-GAINS-PRIOR>                      701,810
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                          346,642
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                412,796
<AVERAGE-NET-ASSETS>                        92,613,044
<PER-SHARE-NAV-BEGIN>                           13.120
<PER-SHARE-NII>                                  0.439
<PER-SHARE-GAIN-APPREC>                          0.734
<PER-SHARE-DIVIDEND>                             0.420
<PER-SHARE-DISTRIBUTIONS>                        0.113
<RETURNS-OF-CAPITAL>                             0.000
<PER-SHARE-NAV-END>                             13.760
<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> 008
   <NAME> VALUE SERIES
       
<S>                             <C>
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          DEC-31-1996
<PERIOD-END>                               JUN-30-1996
<INVESTMENTS-AT-COST>                       14,328,216
<INVESTMENTS-AT-VALUE>                      15,307,764
<RECEIVABLES>                                   99,391
<ASSETS-OTHER>                                  38,819
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                              15,445,974
<PAYABLE-FOR-SECURITIES>                        79,937
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                       35,482
<TOTAL-LIABILITIES>                            115,419
<SENIOR-EQUITY>                                 11,913
<PAID-IN-CAPITAL-COMMON>                    12,957,629
<SHARES-COMMON-STOCK>                        1,191,287
<SHARES-COMMON-PRIOR>                          956,504
<ACCUMULATED-NII-CURRENT>                       82,834
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                      1,298,644
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                       979,535
<NET-ASSETS>                                15,330,555
<DIVIDEND-INCOME>                              104,774
<INTEREST-INCOME>                               32,854
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                  54,446
<NET-INVESTMENT-INCOME>                         83,182
<REALIZED-GAINS-CURRENT>                     1,303,033
<APPREC-INCREASE-CURRENT>                    (238,614)
<NET-CHANGE-FROM-OPS>                        1,147,601
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                      182,035
<DISTRIBUTIONS-OF-GAINS>                       455,089
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                        294,645
<NUMBER-OF-SHARES-REDEEMED>                    114,364
<SHARES-REINVESTED>                             54,502
<NET-CHANGE-IN-ASSETS>                       3,401,245
<ACCUMULATED-NII-PRIOR>                        181,687
<ACCUMULATED-GAINS-PRIOR>                      450,700
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                           51,393
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                 67,631
<AVERAGE-NET-ASSETS>                        13,702,197
<PER-SHARE-NAV-BEGIN>                           12.470
<PER-SHARE-NII>                                  0.060
<PER-SHARE-GAIN-APPREC>                          0.970
<PER-SHARE-DIVIDEND>                             0.180
<PER-SHARE-DISTRIBUTIONS>                        0.450
<RETURNS-OF-CAPITAL>                             0.000
<PER-SHARE-NAV-END>                             12.870
<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> 009
   <NAME> EMERGING GROWTH SERIES
       
<S>                             <C>
<PERIOD-TYPE>                    6-MOS
<FISCAL-YEAR-END>                          DEC-31-1995
<PERIOD-END>                               JUN-30-1996
<INVESTMENTS-AT-COST>                       27,908,735
<INVESTMENTS-AT-VALUE>                      32,604,126
<RECEIVABLES>                                  521,955
<ASSETS-OTHER>                                  36,871
<OTHER-ITEMS-ASSETS>                                16
<TOTAL-ASSETS>                              33,162,968
<PAYABLE-FOR-SECURITIES>                       245,267
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                      114,466
<TOTAL-LIABILITIES>                            359,733
<SENIOR-EQUITY>                                270,779
<PAID-IN-CAPITAL-COMMON>                    26,807,150
<SHARES-COMMON-STOCK>                        2,165,126
<SHARES-COMMON-PRIOR>                        1,462,978
<ACCUMULATED-NII-CURRENT>                       34,616
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                        995,300
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                     4,695,390
<NET-ASSETS>                                32,803,235
<DIVIDEND-INCOME>                               19,925
<INTEREST-INCOME>                              114,256
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                  94,527
<NET-INVESTMENT-INCOME>                         39,654
<REALIZED-GAINS-CURRENT>                     1,001,747
<APPREC-INCREASE-CURRENT>                    2,181,127
<NET-CHANGE-FROM-OPS>                        3,222,528
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                       39,654     
<DISTRIBUTIONS-OF-GAINS>                     1,001,747
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                      1,042,889
<NUMBER-OF-SHARES-REDEEMED>                    442,549
<SHARES-REINVESTED>                            101,808
<NET-CHANGE-IN-ASSETS>                      12,293,571
<ACCUMULATED-NII-PRIOR>                        126,741
<ACCUMULATED-GAINS-PRIOR>                    1,164,921
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                           90,568
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                 94,527
<AVERAGE-NET-ASSETS>                        23,880,289
<PER-SHARE-NAV-BEGIN>                            14.02
<PER-SHARE-NII>                                   0.02
<PER-SHARE-GAIN-APPREC>                           2.00
<PER-SHARE-DIVIDEND>                                 0
<PER-SHARE-DISTRIBUTIONS>                         0.09
<RETURNS-OF-CAPITAL>                              0.80
<PER-SHARE-NAV-END>                              15.15
<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> 010
   <NAME> GLOBAL BOND SERIES
       
<S>                             <C>
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          DEC-31-1995
<PERIOD-END>                               JUN-30-1996
<INVESTMENTS-AT-COST>                        3,518,902
<INVESTMENTS-AT-VALUE>                       3,546,817
<RECEIVABLES>                                  113,461
<ASSETS-OTHER>                                       0
<OTHER-ITEMS-ASSETS>                             7,050
<TOTAL-ASSETS>                               3,667,328
<PAYABLE-FOR-SECURITIES>                       126,970
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                        5,701
<TOTAL-LIABILITIES>                            132,671
<SENIOR-EQUITY>                                  3,486
<PAID-IN-CAPITAL-COMMON>                     3,484,392
<SHARES-COMMON-STOCK>                          348,646
<SHARES-COMMON-PRIOR>                                0
<ACCUMULATED-NII-CURRENT>                       14,997
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                          4,958
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                        26,824
<NET-ASSETS>                                 3,534,657
<DIVIDEND-INCOME>                                    0
<INTEREST-INCOME>                               39,119
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                   4,223
<NET-INVESTMENT-INCOME>                         34,896
<REALIZED-GAINS-CURRENT>                       (4,512)
<APPREC-INCREASE-CURRENT>                       26,824
<NET-CHANGE-FROM-OPS>                           57,208
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                       10,429
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                        347,895
<NUMBER-OF-SHARES-REDEEMED>                        278
<SHARES-REINVESTED>                              1,029
<NET-CHANGE-IN-ASSETS>                       3,534,657
<ACCUMULATED-NII-PRIOR>                              0
<ACCUMULATED-GAINS-PRIOR>                            0
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                            3,978
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                  7,437
<AVERAGE-NET-ASSETS>                         3,231,712
<PER-SHARE-NAV-BEGIN>                           10.000
<PER-SHARE-NII>                                  0.073
<PER-SHARE-GAIN-APPREC>                          0.097
<PER-SHARE-DIVIDEND>                             0.030
<PER-SHARE-DISTRIBUTIONS>                            0
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                             10.140
<EXPENSE-RATIO>                                   0.80
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        

</TABLE>


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