<PAGE> PAGE 1
000 A000000 06/30/99
000 C000000 0000824036
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 RUSSELL INSURANCE FUNDS
001 B000000 811-5371
001 C000000 2536277001
002 A000000 909 A STREET
002 B000000 TACOMA
002 C000000 WA
002 D010000 98402
003 000000 N
004 000000 N
005 000000 N
006 000000 N
007 A000000 Y
007 B000000 5
007 C010100 1
007 C020100 MULTI-STYLE EQUITY FUND
007 C030100 N
007 C010200 2
007 C020200 AGGRESSIVE EQUITY FUND
007 C030200 N
007 C010300 3
007 C020300 NON-US FUND
007 C030300 N
007 C010400 4
007 C020400 CORE BOND FUND
007 C030400 N
007 C010500 5
007 C020500 REAL ESTATE SECURITIES FUND
007 C030500 N
007 C010600 6
007 C010700 7
007 C010800 8
007 C010900 9
007 C011000 10
007 C011100 11
007 C011200 12
007 C011300 13
007 C011400 14
007 C011500 15
007 C011600 16
007 C011700 17
007 C011800 18
007 C011900 19
<PAGE> PAGE 2
007 C012000 20
007 C012100 21
007 C012200 22
007 C012300 23
007 C012400 24
007 C012500 25
007 C012600 26
007 C012700 27
007 C012800 28
007 C012900 29
007 C013000 30
007 C013100 31
007 C013200 32
007 C013300 33
007 C013400 34
007 C013500 35
007 C013600 36
007 C013700 37
007 C013800 38
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007 C014300 43
007 C014400 44
007 C014500 45
007 C014600 46
007 C014700 47
007 C014800 48
007 C014900 49
007 C015000 50
007 C015100 51
007 C015200 52
007 C015300 53
007 C015400 54
007 C015500 55
007 C015600 56
007 C015700 57
007 C015800 58
007 C015900 59
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007 C016200 62
007 C016300 63
007 C016400 64
007 C016500 65
007 C016600 66
007 C016700 67
007 C016800 68
007 C016900 69
007 C017000 70
<PAGE> PAGE 3
007 C017100 71
007 C017200 72
007 C017300 73
007 C017400 74
007 C017500 75
007 C017600 76
007 C017700 77
007 C017800 78
007 C017900 79
007 C018000 80
007 C018100 81
007 C018200 82
007 C018300 83
007 C018400 84
007 C018500 85
007 C018600 86
007 C018700 87
007 C018800 88
007 C018900 89
007 C019000 90
011 A00AA01 RUSSELL FUND DISTRIBUTORS, INC.
011 B00AA01 8-21771
011 C01AA01 TACOMA
011 C02AA01 WA
011 C03AA01 98042
012 A00AA01 FRANK RUSSELL INVESTMENT MANAGEMENT CO.
012 B00AA01 84-01626
012 C01AA01 TACOMA
012 C02AA01 WA
012 C03AA01 98042
013 A00AA01 PRICEWATERHOUSECOOPERS L.L.P.
013 B01AA01 BOSTON
013 B02AA01 MA
013 B03AA01 02109
014 A00AA01 FRANK RUSSELL SECURITIES, INC.
014 B00AA01 8-000329
014 A00AA02 RUSSELL FUND DISTRIBUTORS, INC.
014 B00AA02 8-21771
015 A00AA01 STATE STREET BANK AND TRUST COMPANY
015 B00AA01 C
015 C01AA01 BOSTON
015 C02AA01 MA
015 C03AA01 02110
015 E01AA01 X
015 A00AA02 CITIBANK, N.A., ARGENTINA
015 B00AA02 S
015 C01AA02 BUENOS AIRES
015 D01AA02 ARGENTINA
015 E04AA02 X
015 A00AA03 WESTPAC BANKING CORPORATION
015 B00AA03 S
<PAGE> PAGE 4
015 C01AA03 SYDNEY
015 D01AA03 AUSTRALIA
015 E04AA03 X
015 A00AA04 ERSTE BANKD DE OESTERREICHISHEN
015 B00AA04 S
015 C01AA04 VIENNA
015 D01AA04 AUSTRIA
015 E04AA04 X
015 A00AA05 STANDARD CHARTERED BANK
015 B00AA05 S
015 C01AA05 DHAKA
015 D01AA05 BANGLADESH
015 E04AA05 X
015 A00AA06 GENERALE BANK
015 B00AA06 S
015 C01AA06 BRUSSELS
015 D01AA06 BELGIUM
015 E04AA06 X
015 A00AA07 BARCLAYS BANK OF BOTSWANA LIMITED
015 B00AA07 S
015 C01AA07 GABORONE
015 D01AA07 BOTSWANA
015 E04AA07 X
015 A00AA08 CITIBANK, N.A., BRAZIL
015 B00AA08 S
015 C01AA08 SAO PAULO
015 D01AA08 BRAZIL
015 E04AA08 X
015 A00AA09 CANANA TRUST MORTGAGE COMPANY
015 B00AA09 S
015 C01AA09 TORONTO
015 D01AA09 CANADA
015 E04AA09 X
015 A00AA10 CITIBANK, N.A., CHILE
015 B00AA10 S
015 C01AA10 SANTIAGO
015 D01AA10 CHILE
015 E04AA10 X
015 A00AA11 THE HONGKONG AND SHANGHAI BANKING CORP., LTD.
015 B00AA11 S
015 C01AA11 SHANGHAI
015 D01AA11 CHINA
015 E04AA11 X
015 A00AA12 CITITRUST COLUMBIA S.A. SOCIEDAD FIDUCIARIA
015 B00AA12 S
015 C01AA12 BOGOTA
015 D01AA12 COLUMBIA
015 E04AA12 X
015 A00AA13 BARCLAYS BANK PLC
015 B00AA13 S
015 C01AA13 NICOSIA
<PAGE> PAGE 5
015 D01AA13 CYPRUS
015 E04AA13 X
015 A00AA14 CESKOSLOVENSKA OBCHODNI BANKA A.S.
015 B00AA14 S
015 C01AA14 PRAGUE
015 D01AA14 CZECH REPUBLIC
015 E04AA14 X
015 A00AA15 DEN DANSKE BANK
015 B00AA15 S
015 C01AA15 COPENHAGEN
015 D01AA15 DENMARK
015 E04AA15 X
015 A00AA16 CITIBANK, N.A., ECUADOR
015 B00AA16 S
015 C01AA16 QUITO
015 D01AA16 ECUADOR
015 E04AA16 X
015 A00AA17 NATIONAL BANK OF EGYPT
015 B00AA17 S
015 C01AA17 CAIRO
015 D01AA17 EGYPT
015 E04AA17 X
015 A00AA18 MERITA BANK LIMITED
015 B00AA18 S
015 C01AA18 HELSINKI
015 D01AA18 FINLAND
015 E04AA18 X
015 A00AA19 BANQUE PARIBAS
015 B00AA19 S
015 C01AA19 PARIS
015 D01AA19 FRANCE
015 E04AA19 X
015 A00AA20 DRESDNER BANK AG
015 B00AA20 S
015 C01AA20 FRANKFURT
015 D01AA20 GERMANY
015 E04AA20 X
015 A00AA21 BARCLAYS BANK OF GHANA LIMITED
015 B00AA21 S
015 C01AA21 ACCRA
015 D01AA21 GHANA
015 E04AA21 X
015 A00AA22 NATIONAL BANK OF GREECE SA
015 B00AA22 S
015 C01AA22 ATHENS
015 D01AA22 GREECE
015 E04AA22 X
015 A00AA23 STANDARD CHARTERED BANK
015 B00AA23 S
015 C01AA23 HONG KONG
015 D01AA23 HONG KONG
<PAGE> PAGE 6
015 E04AA23 X
015 A00AA24 CITIBANK BUDAPEST RT.
015 B00AA24 S
015 C01AA24 BUDAPEST
015 D01AA24 HUNGARY
015 E04AA24 X
015 A00AA25 DEUTSCHE BANK AG
015 B00AA25 S
015 C01AA25 MUMBAI
015 D01AA25 INDIA
015 E04AA25 X
015 A00AA26 STANDARD CHARTERED BANK
015 B00AA26 S
015 C01AA26 JAKARTA
015 D01AA26 INDONESIA
015 E04AA26 X
015 A00AA27 BANK OF IRELAND
015 B00AA27 S
015 C01AA27 DUBLIN
015 D01AA27 IRELAND
015 E04AA27 X
015 A00AA28 BANK HAPOALIM B.M.
015 B00AA28 S
015 C01AA28 TEL AVIV
015 D01AA28 ISRAEL
015 E04AA28 X
015 A00AA29 BANQUE PARIBAS
015 B00AA29 S
015 C01AA29 MILAN
015 D01AA29 ITALY
015 E04AA29 X
015 A00AA30 SOCIETE GENERALE DE BANQUES EN COTE D IVOIRE
015 B00AA30 S
015 C01AA30 ABIDJAN
015 D01AA30 IVORY COAST
015 E04AA30 X
015 A00AA31 THE DAIWA BANK, LIMITED
015 B00AA31 S
015 C01AA31 TOKYO
015 D01AA31 JAPAN
015 E04AA31 X
015 A00AA32 SUMITOMO TRUST BANKING CO. LTD.
015 B00AA32 S
015 C01AA32 TOKYO
015 D01AA32 JAPAN
015 E04AA32 X
015 A00AA33 THE FUJI BANK, LIMITED
015 B00AA33 S
015 C01AA33 TOKYO
015 D01AA33 JAPAN
015 E04AA33 X
<PAGE> PAGE 7
015 A00AA34 THE BRITISH BANK OF THE MIDDLE EAST
015 B00AA34 S
015 C01AA34 AMMAN
015 D01AA34 JORDAN
015 E04AA34 X
015 A00AA35 BARCLAYS BANK OF KENYA LIMITED
015 B00AA35 S
015 C01AA35 NAIROBI
015 D01AA35 KENYA
015 E04AA35 X
015 A00AA36 DELETE
015 A00AA37 STANDARD CHARTERED BANK MALAYSIA BERHAD
015 B00AA37 S
015 C01AA37 KUALA LUMPUR
015 D01AA37 MALAYSIA
015 E04AA37 X
015 A00AA38 THE HONGKONG AND SHANGHAI BANKING CORP. LTD.
015 B00AA38 S
015 C01AA38 PORT LOUIS
015 D01AA38 MAURITIUS
015 E04AA38 X
015 A00AA39 CITIBANK, N.A., MEXICO
015 B00AA39 S
015 C01AA39 MEXICO CITY
015 D01AA39 MEXICO
015 E04AA39 X
015 A00AA40 BANQUE COMMERCIALE DU MAROC
015 B00AA40 S
015 C01AA40 CASABLANCA
015 D01AA40 MOROCCO
015 E04AA40 X
015 A00AA41 MEESPIERSON N.V.
015 B00AA41 S
015 C01AA41 AMSTERDAM
015 D01AA41 NETHERLANDS
015 E04AA41 X
015 A00AA42 ANZ BANKING GROUP (NEW ZEALAND) LIMITED
015 B00AA42 S
015 C01AA42 WELLINGTON
015 D01AA42 NEW ZEALAND
015 E04AA42 X
015 A00AA43 CHRISTIANIA BANK OG KREDITKASSE
015 B00AA43 S
015 C01AA43 OSLO
015 D01AA43 NORWAY
015 E04AA43 X
015 A00AA44 DEUTSCHE BANK AG, PAKISTAN
015 B00AA44 S
015 C01AA44 KARACHI
015 D01AA44 PAKISTAN
015 E04AA44 X
<PAGE> PAGE 8
015 A00AA45 CITIBANK, N.A., PERU
015 B00AA45 S
015 C01AA45 LIMA
015 D01AA45 PERU
015 E04AA45 X
015 A00AA46 STANDARD CHARTERED BANK
015 B00AA46 S
015 C01AA46 MANILA
015 D01AA46 PHILIPPINES
015 E04AA46 X
015 A00AA47 CITIBANK POLAND S.A.
015 B00AA47 S
015 C01AA47 WARSAW
015 D01AA47 POLAND
015 E04AA47 X
015 A00AA48 BANCO COMERCIAL PORTUGUES
015 B00AA48 S
015 C01AA48 LISBON
015 D01AA48 PORTUGAL
015 E04AA48 X
015 A00AA49 CREDIT SUISSE
015 B00AA49 S
015 C01AA49 MOSCOW
015 D01AA49 RUSSIA
015 E04AA49 X
015 A00AA50 THE DEVELOPMENT BANK OF SINGAPORE LTD.
015 B00AA50 S
015 C01AA50 SINGAPORE
015 D01AA50 SINGAPORE
015 E04AA50 X
015 A00AA51 CESKOSLOVENSKA OBCHODNA BANKA A.S.
015 B00AA51 S
015 C01AA51 BRATISLAVA
015 D01AA51 SLOVAK REPUBLIC
015 E04AA51 X
015 A00AA52 STANDARD BANK OF SOUTH AFRICA LIMITED
015 B00AA52 S
015 C01AA52 JOHANNESBURG
015 D01AA52 SOUTH AFRICA
015 E04AA52 X
015 A00AA53 BANCO SANTANDER, S.A.
015 B00AA53 S
015 C01AA53 MADRID
015 D01AA53 SPAIN
015 E04AA53 X
015 A00AA54 THE HONGKONG AND SHANGHAI BANKING CORP. LTD.
015 B00AA54 S
015 C01AA54 COLUMBIA
015 D01AA54 SRI LANKA
015 E04AA54 X
015 A00AA55 STANDARD BANK OF SWAZILAND LIMITED
<PAGE> PAGE 9
015 B00AA55 S
015 C01AA55 MBABANE
015 D01AA55 SWAZILAND
015 E04AA55 X
015 A00AA56 SKANDINAVISKA ENSKILDA BANKEN
015 B00AA56 S
015 C01AA56 STOCKHOLM
015 D01AA56 SWEDEN
015 E04AA56 X
015 A00AA57 UNION BANK OF SWITZERLAND
015 B00AA57 S
015 C01AA57 ZURICH
015 D01AA57 SWITZERLAND
015 E04AA57 X
015 A00AA58 CENTRAL TRUST OF CHINA
015 B00AA58 S
015 C01AA58 TAIPEI
015 D01AA58 TAIWAN
015 E04AA58 X
015 A00AA59 STANDARD CHARTERED BANK
015 B00AA59 S
015 C01AA59 BANGKOK
015 D01AA59 THAILAND
015 E04AA59 X
015 A00AA60 CITIBANK, N.A.
015 B00AA60 S
015 C01AA60 ISTANBUL
015 D01AA60 TURKEY
015 E04AA60 X
015 A00AA61 STATE STREET BANK AND TRUST CO., LONDON, UK
015 B00AA61 S
015 C01AA61 LONDON
015 D01AA61 ENGLAND
015 E04AA61 X
015 A00AA62 CITIBANK, N.A., URUGUAY
015 B00AA62 S
015 C01AA62 MONTEVIDEO
015 D01AA62 URUGUAY
015 E04AA62 X
015 A00AA63 CITIBANK, N.A., VENEZUELA
015 B00AA63 S
015 C01AA63 CARACAS
015 D01AA63 VENEZUELA
015 E04AA63 X
015 A00AA64 BARCLAYS BANK OF ZAMBIA LIMITED
015 B00AA64 S
015 C01AA64 LUSKA
015 D01AA64 ZAMBIA
015 E04AA64 X
015 A00AA65 BARCLAYS BANK OF ZIMBABWE LIMITED
015 B00AA65 S
<PAGE> PAGE 10
015 C01AA65 HARARE
015 D01AA65 ZIMBABWE
015 E04AA65 X
015 A00AA66 THE BANK OF BERMUDA LIMITED
015 B00AA66 S
015 C01AA66 HAMILTON
015 D01AA66 BERMUDA
015 E04AA66 X
015 A00AA67 THE BRITISH BANK OF THE MIDDLE EAST
015 B00AA67 S
015 C01AA67 MANAMA
015 D01AA67 BAHRAIN
015 E04AA67 X
015 A00AA68 THE HONGKONG AND SHANGHAI BANKING CORP.
015 B00AA68 S
015 C01AA68 BOMBAY
015 D01AA68 INDIA
015 E04AA68 X
015 A00AA69 THE BRITISH BANK OF THE MIDDLE EAST
015 B00AA69 S
015 C01AA69 BEIRUT
015 D01AA69 LEBANON
015 E04AA69 X
015 A00AA70 THE BRITISH BANK OF THE MIDDLE EAST
015 B00AA70 S
015 C01AA70 MUSCAT
015 D01AA70 OMAN
015 E04AA70 X
015 A00AA71 THE HONGKONG & SHANGHAI BANKING CORP., LTD.
015 B00AA71 S
015 C01AA71 SEOUL
015 D01AA71 KOREA
015 E04AA71 X
015 A00AA72 BANCO BOLIVIAN AMERICANO S.A
015 B00AA72 S
015 C01AA72 LA PAZ
015 D01AA72 BOLIVIA
015 E04AA72 X
015 A00AA73 ING BANK N.V.
015 B00AA73 S
015 C01AA73 SOFIA
015 D01AA73 BULGARIA
015 E04AA73 X
015 A00AA74 PRIVREDNA BANKA D.D.
015 B00AA74 S
015 C01AA74 ZAGREB
015 D01AA74 CROATIA
015 E04AA74 X
015 A00AA75 ICEBANK LTD.
015 B00AA75 S
015 C01AA75 REYKJAVIK
<PAGE> PAGE 11
015 D01AA75 ICELAND
015 E04AA75 X
015 A00AA76 HANSABANK
015 B00AA76 S
015 C01AA76 TALLINN
015 D01AA76 ESTONIA
015 E04AA76 X
015 A00AA77 SCOTIABANK JAMAICA TRUST AND MERCANT BANK LTD
015 B00AA77 S
015 C01AA77 KINGSTON
015 D01AA77 JAMAICA
015 E04AA77 X
015 A00AA78 JSC HANSABANK LATVIA
015 B00AA78 S
015 C01AA78 RIGA
015 D01AA78 LATVIA
015 E04AA78 X
015 A00AA79 VILNIAUS BANKAS AB
015 B00AA79 S
015 C01AA79 VILNIAUS
015 D01AA79 LITHUANIA
015 E04AA79 X
015 A00AA80 ING BANK N.V.
015 B00AA80 S
015 C01AA80 BUCHAREST
015 D01AA80 ROMANIA
015 E04AA80 X
015 A00AA81 BANK C REDITANSTALT D.D.
015 B00AA81 S
015 C01AA81 LJUBLIJANA
015 D01AA81 SLOVENIA
015 E04AA81 X
015 A00AA82 REPUBLIC BANK LIMITED
015 B00AA82 S
015 C01AA82 PORT OF SPAIN
015 D01AA82 TRINIDAD AND TOBAGO
015 E04AA82 X
015 A00AA83 BANKQUE INTERNATIONALE ARABE OLE TUNISIE
015 B00AA83 S
015 C01AA83 TUNISIA
015 D01AA83 TUNISIA
015 E04AA83 X
015 A00AA84 OTTOMAN BANK
015 B00AA84 S
015 C01AA84 ISTANBUL
015 D01AA84 TURKEY
015 E04AA84 X
018 00AA00 Y
019 A00AA00 Y
019 B00AA00 1
019 C00AA00 FRIC1FUNDS
<PAGE> PAGE 12
020 A000001 MERRILL LYNCH, PIERCE, FENNER, INC.
020 B000001 13-5674085
020 C000001 95
020 A000002 MORGAN STANLEY & CO., INC.
020 B000002 13-2655998
020 C000002 35
020 A000003 FRANK RUSSELL SECURITIES
020 B000003 91-0604934
020 C000003 25
020 A000004 PAINE WEBBER, INC.
020 B000004 13-2638166
020 C000004 19
020 A000005 LEHMAN BROTHERS, INC.
020 B000005 13-2518466
020 C000005 18
020 A000006 GOLMAN SACHS & CO.
020 B000006 13-5108880
020 C000006 17
020 A000007 BEAR STEARMS SECURITIES
020 B000007 13-3299429
020 C000007 17
020 A000008 DONALDSON, LUFKIN & JENRETTE
020 B000008 13-2518466
020 C000008 16
020 A000009 JEFFERIES & CO.
020 B000009 95-2622900
020 C000009 14
020 A000010 J.P MORGAN SECURITIES
020 B000010 13-3224016
020 C000010 13
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022 A000001 LEHMAN BROTHERS, INC.
022 B000001 13-2518466
022 C000001 24140
022 D000001 14815
022 A000002 MORGAN STANLEY & CO.
022 B000002 13-2655998
022 C000002 19671
022 D000002 15910
022 A000003 MERRILL LYNCH
022 B000003 13-5674085
022 C000003 11331
022 D000003 11745
022 A000004 SALOMAN SMITH BARNEY
022 B000004 52-1568099
022 C000004 14547
022 D000004 7038
022 A000005 DONALDSON, LUFKIN & JENRETTE SECURITIES
022 B000005 13-2741729
022 C000005 7624
022 D000005 4475
<PAGE> PAGE 13
022 A000006 GOLDMAN SACH& CO.
022 B000006 13-5108880
022 C000006 6193
022 D000006 5546
022 A000007 HSBC SECURITIES
022 B000007 N/A
022 C000007 11693
022 D000007 0
022 A000008 PRUDENTIAL SECURITIES, INC.
022 B000008 22-2347336
022 C000008 6427
022 D000008 4603
022 A000009 PAINE WEBBER, INC.
022 B000009 13-2638166
022 C000009 5473
022 D000009 4795
022 A000010 GREENWICH CAPITAL MARKETS, INC.
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022 D000010 5000
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023 D000000 418642
026 A000000 N
026 B000000 Y
026 C000000 N
026 D000000 Y
026 E000000 Y
026 F000000 Y
026 G010000 N
026 G020000 Y
026 H000000 N
027 000000 Y
029 00AA00 N
030 A00AA00 0
030 B00AA00 0.00
030 C00AA00 0.00
031 A00AA00 0
031 B00AA00 0
032 00AA00 0
033 00AA00 0
034 00AA00 N
035 00AA00 0
036 B00AA00 0
037 00AA00 N
038 00AA00 0
039 00AA00 N
040 00AA00 N
041 00AA00 N
042 A00AA00 0
042 B00AA00 0
042 C00AA00 0
<PAGE> PAGE 14
042 D00AA00 0
042 E00AA00 0
042 F00AA00 0
042 G00AA00 0
042 H00AA00 0
043 00AA00 0
044 00AA00 0
055 A00AA00 N
055 B00AA00 N
056 00AA00 Y
057 00AA00 N
058 A00AA00 N
059 00AA00 Y
060 A00AA00 Y
060 B00AA00 Y
061 00AA00 1
077 A000000 N
078 000000 N
080 A00AA00 GULF INSURANCE
080 C00AA00 3500
081 A00AA00 Y
081 B00AA00 1
082 A00AA00 Y
082 B00AA00 25
083 A00AA00 N
083 B00AA00 0
084 A00AA00 N
084 B00AA00 0
085 A00AA00 Y
085 B00AA00 N
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086 A020000 0
086 B010000 0
086 B020000 0
086 C010000 0
086 C020000 0
086 D010000 0
086 D020000 0
086 E010000 0
086 E020000 0
086 F010000 0
086 F020000 0
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008 B000101 A
008 C000101 801-17141
008 D010101 TACOMA
008 D020101 WA
008 D030101 98402
008 A000102 ALLIANCE CAPITAL MANAGEMENT, LP
008 B000102 S
008 C000102 801-7492
<PAGE> PAGE 15
008 D010102 MINNEAPOLIS
008 D020102 MN
008 D030102 55402
008 D040102 4322
008 A000103 EQUINOX CAPITAL MANAGEMENT, L.L.C.
008 B000103 S
008 C000103 801-34524
008 D010103 NEW YORK
008 D020103 NY
008 D030103 10022
008 A000104 WESTPEAK INVESTMENT ADVISORS, LP
008 B000104 S
008 C000104 801-39554
008 D010104 BOULDER
008 D020104 CO
008 D030104 80302
008 A000105 LINCOLN CAPITAL MANAGEMENT COMPANY
008 B000105 S
008 C000105 801-11417
008 D010105 CHICAGO
008 D020105 IL
008 D030105 60606
008 A000106 SANFORD C. BERNSTEIN & CO. INC.
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008 D010106 NEW YORK
008 D020106 NY
008 D030106 10153
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008 C000107 801-35872
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008 D020107 GA
008 D030107 30308
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025 B000101 13-2655998
025 C000101 E
025 D000101 3290
025 A000102 J.P. MORGAN
025 B000102 13-3224016
025 C000102 E
025 D000102 829
025 A000103 MERRILL LYNCH, PIERCE, FENNER & SMITH, INC.
025 B000103 13-5674085
025 C000103 E
025 D000103 608
025 A000104 LEHMAN BROTHERS, INC.
025 B000104 13-2518466
025 C000104 E
025 D000104 598
<PAGE> PAGE 16
025 A000105 BEAR STEARNS
025 B000105 13-3299429
025 C000105 E
025 D000105 491
025 A000106 PAINE WEBBER
025 B000106 13-2638166
025 C000106 E
025 D000106 117
025 A000107 GOLDMAN SACHS
025 B000107 13-5108880
025 C000107 E
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025 D000109 0
025 D000110 0
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025 D000112 0
025 D000113 0
025 D000114 0
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025 D000116 0
025 D000117 0
025 D000118 0
025 D000119 0
025 D000120 0
025 D000121 0
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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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<PAGE> PAGE 21
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<PAGE> PAGE 22
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<PAGE> PAGE 23
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<PAGE> PAGE 24
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<PAGE> PAGE 25
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<PAGE> PAGE 26
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<PAGE> PAGE 27
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<PAGE> PAGE 29
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<PAGE> PAGE 30
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<PAGE> PAGE 31
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<PAGE> PAGE 32
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<PAGE> PAGE 33
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<PAGE> PAGE 34
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<PAGE> PAGE 35
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<PAGE> PAGE 37
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045 000500 Y
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<PAGE> PAGE 38
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<PAGE> PAGE 39
067 000500 N
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<PAGE> PAGE 40
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<PAGE> PAGE 41
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<PAGE> PAGE 42
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SIGNATURE MARK SWANSON
TITLE TREASURER
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
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<CIK>
<NAME> RUSSELL INSURANCE FUNDS
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WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<CIK>
<NAME> RUSSELL INSURANCE FUNDS
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<EXPENSE-RATIO> 1.25
[AVG-DEBT-OUTSTANDING] 0
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WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<CIK>
<NAME> RUSSELL INSURANCE FUNDS
<SERIES>
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[AVG-DEBT-OUTSTANDING] 0
[AVG-DEBT-PER-SHARE] 0
</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<CIK>
<NAME> RUSSELL INSURANCE FUNDS
<SERIES>
<NUMBER> 1
<NAME> CORE BOND FUND
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</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<CIK>
<NAME> RUSSELL INSURANCE FUNDS
<SERIES>
<NUMBER> 5
<NAME> REAL ESTATE SECURITIES FUND
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<S> <C>
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