USLICO SERIES FUND/VA/
NSAR-B, 1996-02-29
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<PAGE>      PAGE  1
000 B000000 12/31/95
000 C000000 0000827885
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 USLICO SERIES FUND
001 B000000 811-05451
001 C000000 7038753623
002 A000000 4601 N. FAIRFAX DRIVE
002 B000000 ARLINGTON
002 C000000 VA
002 D010000 22203
003  000000 N
004  000000 N
005  000000 N
006  000000 N
007 A000000 Y
007 B000000  4
007 C010100  1
007 C020100 COMMON STOCK
007 C030100 N
007 C010200  2
007 C020200 MONEY MARKET
007 C030200 N
007 C010300  3
007 C020300 BOND
007 C030300 N
007 C010400  4
007 C020400 ASSET ALLOCATION
007 C030400 N
007 C010500  5
007 C010600  6
007 C010700  7
007 C010800  8
007 C010900  9
007 C011000 10
008 A00AA01 WASHINGTON SQUARE CAPITAL, INC.
008 B00AA01 A
008 C00AA01 801-16715
008 D01AA01 MINNEAPOLIS
008 D02AA01 MN
008 D03AA01 55401
008 A00AA02 NEWBOLD'S ASSET MANAGEMENT, INC.
008 B00AA02 S
008 C00AA02 801-656432
008 D01AA02 BRYN MAWR
008 D02AA02 PA
<PAGE>      PAGE  2
008 D03AA02 19010
008 D04AA02 3845
010 A00AA01 CRESTAR BANK
010 C01AA01 RICHMOND
010 C02AA01 VA
010 C03AA01 23261
010 C04AA01 6665
011 A00AA01 USLICO SECURITIES CORPORATION
011 B00AA01 8-151222A
011 C01AA01 ARLINGTON
011 C02AA01 VA
011 C03AA01 22203
012 A00AA01 CRESTAR BANK
012 B00AA01 84-n/a
012 C01AA01 RICHMOND
012 C02AA01 VA
012 C03AA01 23261
012 C04AA01 6665
013 A00AA01 DELOITTE & TOUCHE LLP
013 B01AA01 MINNEAPOLIS
013 B02AA01 MN
013 B03AA01 55402
013 B04AA01 1844
014 A00AA01 USLICO SECURITIES CORPORATION
014 B00AA01 8-151222A
015 A00AA01 CRESTAR BANK
015 B00AA01 C
015 C01AA01 RICHMOND
015 C02AA01 VA
015 C03AA01 23261
015 C04AA01 6665
015 E01AA01 X
018  00AA00 Y
019 A00AA00 N
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020 B000001 13-5108880
020 C000001     17
020 A000002 FIRST BOSTON
020 B000002 13-5659485
020 C000002     10
020 A000003 LEHMAN BROTHERS INC.
020 B000003 13-2518466
020 C000003      5
020 A000004 DEAN WITTER
020 B000004 94-1671384
020 C000004      3
020 A000005 LYNCH JONES
020 B000005 13-3356934
020 C000005      2
020 A000006 COUNTY NATWEST SECURITIES USA
<PAGE>      PAGE  3
020 B000006 13-3312778
020 C000006      2
020 A000007 PAINE WEBBER
020 B000007 13-2638166
020 C000007      2
020 A000008 SANFORD BERSTEIN
020 B000008 13-2625874
020 C000008      2
020 A000009 SG WARBURG
020 B000009 13-2671492
020 C000009      2
020 A000010 MORGAN STANLEY
020 B000010 13-2655998
020 C000010      1
021  000000       46
022 A000001 GOLDMAN SACHS
022 B000001 13-5108880
022 C000001      4536
022 D000001      4415
022 A000002 FIRST BOSTON
022 B000002 13-5659485
022 C000002      2685
022 D000002      3498
022 A000003 LEHMAN BROTHERS INC.
022 B000003 13-2518466
022 C000003      1535
022 D000003      1951
022 A000004 DEAN WITTER
022 B000004 94-1671384
022 C000004      1189
022 D000004         0
022 A000005 LYNCH JONES
022 B000005 13-3356934
022 C000005      1121
022 D000005       119
022 A000006 PAINE WEBBER
022 B000006 13-2638166
022 C000006       843
022 D000006       348
022 A000007 SANFORD BERSTEIN
022 B000007 13-2625874
022 C000007       664
022 D000007       720
022 A000008 COUNTY NATWEST SECURITIES USA
022 B000008 13-3312778
022 C000008       594
022 D000008       307
022 A000009 SG WARBURG
022 B000009 13-2671492
022 C000009       577
022 D000009       141
<PAGE>      PAGE  4
022 A000010 MORGAN STANLEY
022 B000010 13-2655998
022 C000010       191
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<PAGE>      PAGE  5
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<PAGE>      PAGE  6
070 G01AA00 N
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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  10
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<PAGE>      PAGE  11
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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  16
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SIGNATURE   STEPHANIE COPES                              
TITLE       ASST. SECRETARY     
 

WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000827885
<NAME> USLICO SERIES FUND
<SERIES>
  <NUMBER> 1
  <NAME> COMMON STOCK PORTFOLIO
<MULTIPLIER> 1,000
       
<S>                             <C>
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<EXPENSE-RATIO>                                    .63
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</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000827885
<NAME> USLICO SERIES FUND
<SERIES>
  <NUMBER> 2
  <NAME> MONEY MARKET PORTFOLIO
<MULTIPLIER> 1,000
       
<S>                             <C>
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</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000827885
<NAME> USLICO SERIES FUND
<SERIES>
  <NUMBER> 3
  <NAME> BOND PORTFOLIO
<MULTIPLIER> 1,000
       
<S>                             <C>
<PERIOD-TYPE>                   12-MOS
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<EXPENSE-RATIO>                                    .63
<AVG-DEBT-OUTSTANDING>                               0
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</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000827885
<NAME> USLICO SERIES FUND
<SERIES>
  <NUMBER> 4
  <NAME> ASSET ALLOC PORT
<MULTIPLIER> 1,000
       
<S>                             <C>
<PERIOD-TYPE>                   12-MOS
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<PER-SHARE-NII>                                    .55
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<EXPENSE-RATIO>                                    .63
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</TABLE>


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