<PAGE> PAGE 1
000 B000000 09/30/97
000 C000000 0000857490
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 VANGUARD VARIABLE INSURANCE FUND
001 B000000 811-5962
001 C000000 6106691000
002 A000000 100 VANGUARD BOULEVARD
002 B000000 MALVERN
002 C000000 PA
002 D010000 19355
003 000000 N
004 000000 N
005 000000 N
006 000000 N
007 A000000 Y
007 B000000 9
007 C010100 1
007 C020100 MONEY MARKET PORTFOLIO
007 C030100 N
007 C010200 2
007 C020200 HIGH-GRADE BOND PORTFOLIO
007 C030200 N
007 C010300 3
007 C020300 EQUITY INDEX PORTFOLIO
007 C030300 N
007 C010400 4
007 C020400 BALANCED PORTFOLIO
007 C030400 N
007 C010500 5
007 C020500 EQUITY INCOME PORTFOLIO
007 C030500 N
007 C010600 6
007 C020600 GROWTH PORTFOLIO
007 C030600 N
007 C010700 7
007 C020700 INTERNATIONAL PORTFOLIO
007 C030700 N
007 C010800 8
007 C020800 HIGH YIELD BOND PORTFOLIO
007 C030800 N
007 C010900 9
007 C020900 SMALL COMPANY GROWTH PORTFOLIO
007 C030900 N
007 C011000 10
014 A00AA01 VANGUARD MARKETING CORPORATION
<PAGE> PAGE 2
014 B00AA01 8-21570
020 A000001 JAMES CAPEL SECURITIES/LONDON
020 C000001 83
020 A000002 FRANK RUSSELL SECURITIES INC.
020 B000002 91-0604934
020 C000002 72
020 A000003 MERRILL LYNCH PIERCE FENNER & SMITH
020 B000003 13-5674085
020 C000003 47
020 A000004 INSTINET CORPORATION
020 B000004 13-3443395
020 C000004 46
020 A000005 BEAR, STEARNS & CO.
020 B000005 13-3299429
020 C000005 33
020 A000006 MORGAN STANLEY & CO., INC.
020 B000006 13-2655998
020 C000006 32
020 A000007 SALOMON BROTHERS INC.
020 B000007 13-3082694
020 C000007 30
020 A000008 STANDARD & POOR'S SECURITIES, INC.
020 B000008 13-2671951
020 C000008 27
020 A000009 PAINEWEBBER INCORPORATED
020 B000009 13-2638166
020 C000009 26
020 A000010 DONALDSON, LUFKIN & TENRETTE SECURITIES CORP.
020 B000010 13-2741729
020 C000010 24
021 000000 988
022 A000001 THE VANGUARD GROUP, INC./POOLED CASH ACCT.
022 B000001 23-1945930
022 C000001 616311
022 D000001 589591
022 A000002 GOLDMAN SACHS & CO.
022 B000002 13-5108880
022 C000002 750242
022 D000002 52628
022 A000003 LEHMAN BROTHERS INC.
022 B000003 13-2518466
022 C000003 298962
022 D000003 18851
022 A000004 J.P. MORGAN SECURITIES, INC.
022 B000004 13-3224016
022 C000004 262812
022 D000004 28022
022 A000005 MERRILL LYNCH PIERCE FENNER & SMITH
022 B000005 13-5674085
022 C000005 185769
022 D000005 28784
<PAGE> PAGE 3
022 A000006 CS FIRST BOSTON CORP.
022 B000006 13-5659485
022 C000006 138364
022 D000006 8547
022 A000007 MORGAN STANLEY & CO., INC.
022 B000007 13-2655998
022 C000007 94143
022 D000007 15224
022 A000008 CHASE SECURITIES INC.
022 B000008 13-3112953
022 C000008 71717
022 D000008 5436
022 A000009 BEAR, STEARNS & CO.
022 B000009 13-3299429
022 C000009 47799
022 D000009 19172
022 A000010 BARCLAYS DE ZOETE WEDD
022 C000010 41174
022 D000010 17805
023 C000000 3815003
023 D000000 893954
077 A000000 Y
077 B000000 Y
077 C000000 N
077 D000000 N
077 E000000 N
077 F000000 N
077 G000000 N
077 H000000 N
077 I000000 N
077 J000000 N
077 K000000 N
077 L000000 N
077 M000000 N
077 N000000 N
077 O000000 N
077 P000000 N
077 Q010000 N
077 Q020000 N
077 Q030000 N
078 000000 N
080 A00AA00 ICI MUTUAL INSURANCE COMPANY
080 C00AA00 300000
081 A00AA00 Y
081 B00AA00 100
082 A00AA00 N
082 B00AA00 0
083 A00AA00 N
083 B00AA00 0
084 A00AA00 N
084 B00AA00 0
<PAGE> PAGE 4
085 A00AA00 Y
085 B00AA00 N
028 A010100 52738
028 A020100 1666
028 A030100 0
028 A040100 41568
028 B010100 54790
028 B020100 1729
028 B030100 0
028 B040100 56445
028 C010100 59782
028 C020100 1799
028 C030100 0
028 C040100 60439
028 D010100 52419
028 D020100 1808
028 D030100 0
028 D040100 50489
028 E010100 48914
028 E020100 1742
028 E030100 0
028 E040100 46895
028 F010100 254524
028 F020100 1923
028 F030100 0
028 F040100 263408
028 G010100 523167
028 G020100 10667
028 G030100 0
028 G040100 519244
028 H000100 0
062 A000100 Y
062 B000100 0.0
062 C000100 14.0
062 D000100 0.0
062 E000100 0.0
062 F000100 17.6
062 G000100 7.4
062 H000100 0.0
062 I000100 60.1
062 J000100 0.0
062 K000100 0.0
062 L000100 0.8
062 M000100 0.0
062 N000100 0.0
062 O000100 0.0
062 P000100 0.0
062 Q000100 0.0
062 R000100 0.1
063 A000100 44
063 B000100 0.0
<PAGE> PAGE 5
064 A000100 N
071 A000100 0
071 B000100 0
071 C000100 0
071 D000100 0
072 A000100 12
072 B000100 19873
072 C000100 0
072 D000100 0
072 E000100 0
072 F000100 53
072 G000100 382
072 H000100 0
072 I000100 141
072 J000100 27
072 K000100 0
072 L000100 13
072 M000100 1
072 N000100 0
072 O000100 0
072 P000100 0
072 Q000100 0
072 R000100 9
072 S000100 0
072 T000100 106
072 U000100 0
072 V000100 1
072 W000100 0
072 X000100 733
072 Y000100 0
072 Z000100 19140
072AA000100 0
072BB000100 0
072CC010100 0
072CC020100 0
072DD010100 19140
072DD020100 0
072EE000100 0
073 A010100 0.0540
073 A020100 0.0000
073 B000100 0.0000
073 C000100 0.0000
074 A000100 0
074 B000100 0
074 C000100 392029
074 D000100 0
074 E000100 0
074 F000100 0
074 G000100 0
074 H000100 0
074 I000100 28
<PAGE> PAGE 6
074 J000100 0
074 K000100 0
074 L000100 3068
074 M000100 0
074 N000100 395125
074 O000100 0
074 P000100 107
074 Q000100 0
074 R010100 0
074 R020100 0
074 R030100 0
074 R040100 2419
074 S000100 0
074 T000100 392599
074 U010100 392602
074 U020100 0
074 V010100 1.00
074 V020100 0.00
074 W000100 0.9999
074 X000100 2
074 Y000100 0
075 A000100 357151
075 B000100 0
076 000100 0.00
028 A010200 3578
028 A020200 870
028 A030200 0
028 A040200 673
028 B010200 2829
028 B020200 876
028 B030200 0
028 B040200 1748
028 C010200 6217
028 C020200 934
028 C030200 0
028 C040200 549
028 D010200 5212
028 D020200 955
028 D030200 0
028 D040200 1831
028 E010200 3765
028 E020200 918
028 E030200 0
028 E040200 541
028 F010200 27335
028 F020200 1056
028 F030200 0
028 F040200 25083
028 G010200 48936
028 G020200 5609
028 G030200 0
<PAGE> PAGE 7
028 G040200 30425
028 H000200 0
062 A000200 Y
062 B000200 0.0
062 C000200 0.8
062 D000200 0.6
062 E000200 0.0
062 F000200 0.0
062 G000200 0.0
062 H000200 0.0
062 I000200 0.0
062 J000200 0.0
062 K000200 0.0
062 L000200 0.2
062 M000200 33.4
062 N000200 31.0
062 O000200 0.0
062 P000200 28.3
062 Q000200 4.8
062 R000200 0.9
063 A000200 0
063 B000200 8.7
064 A000200 N
071 A000200 112997
071 B000200 63702
071 C000200 159976
071 D000200 40
072 A000200 12
072 B000200 10969
072 C000200 0
072 D000200 0
072 E000200 0
072 F000200 24
072 G000200 224
072 H000200 0
072 I000200 113
072 J000200 54
072 K000200 0
072 L000200 10
072 M000200 0
072 N000200 0
072 O000200 0
072 P000200 0
072 Q000200 0
072 R000200 9
072 S000200 0
072 T000200 27
072 U000200 0
072 V000200 1
072 W000200 0
072 X000200 462
<PAGE> PAGE 8
072 Y000200 0
072 Z000200 10507
072AA000200 432
072BB000200 387
072CC010200 4504
072CC020200 0
072DD010200 10507
072DD020200 0
072EE000200 0
073 A010200 0.6780
073 A020200 0.0000
073 B000200 0.0000
073 C000200 0.0000
074 A000200 0
074 B000200 1034
074 C000200 1948
074 D000200 183187
074 E000200 0
074 F000200 0
074 G000200 0
074 H000200 0
074 I000200 13
074 J000200 1511
074 K000200 0
074 L000200 2835
074 M000200 0
074 N000200 190528
074 O000200 2506
074 P000200 37
074 Q000200 0
074 R010200 0
074 R020200 0
074 R030200 0
074 R040200 95
074 S000200 0
074 T000200 187890
074 U010200 17771
074 U020200 0
074 V010200 10.57
074 V020200 0.00
074 W000200 0.0000
074 X000200 2
074 Y000200 0
075 A000200 0
075 B000200 162235
076 000200 0.00
028 A010300 11731
028 A020300 0
028 A030300 0
028 A040300 3385
028 B010300 16967
<PAGE> PAGE 9
028 B020300 0
028 B030300 0
028 B040300 1929
028 C010300 19283
028 C020300 0
028 C030300 0
028 C040300 1677
028 D010300 20647
028 D020300 0
028 D030300 0
028 D040300 3255
028 E010300 15800
028 E020300 0
028 E030300 0
028 E040300 5490
028 F010300 93828
028 F020300 0
028 F030300 0
028 F040300 83970
028 G010300 178256
028 G020300 0
028 G030300 0
028 G040300 99706
028 H000300 0
062 A000300 N
062 B000300 0.0
062 C000300 0.0
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 0.0
062 M000300 0.0
062 N000300 0.0
062 O000300 0.0
062 P000300 0.0
062 Q000300 0.0
062 R000300 0.0
071 A000300 136575
071 B000300 5739
071 C000300 527948
071 D000300 1
072 A000300 12
072 B000300 1096
072 C000300 9850
072 D000300 0
072 E000300 0
<PAGE> PAGE 10
072 F000300 12
072 G000300 832
072 H000300 0
072 I000300 273
072 J000300 9
072 K000300 0
072 L000300 25
072 M000300 1
072 N000300 0
072 O000300 0
072 P000300 0
072 Q000300 0
072 R000300 10
072 S000300 0
072 T000300 84
072 U000300 0
072 V000300 2
072 W000300 0
072 X000300 1248
072 Y000300 0
072 Z000300 9698
072AA000300 6943
072BB000300 412
072CC010300 166268
072CC020300 0
072DD010300 4266
072DD020300 0
072EE000300 2021
073 A010300 0.1900
073 A020300 0.0000
073 B000300 0.0900
073 C000300 0.0000
074 A000300 5
074 B000300 27497
074 C000300 998
074 D000300 0
074 E000300 0
074 F000300 692752
074 G000300 0
074 H000300 0
074 I000300 47
074 J000300 111
074 K000300 0
074 L000300 1662
074 M000300 0
074 N000300 723072
074 O000300 5011
074 P000300 143
074 Q000300 0
074 R010300 0
074 R020300 0
<PAGE> PAGE 11
074 R030300 0
074 R040300 247
074 S000300 0
074 T000300 717671
074 U010300 28347
074 U020300 0
074 V010300 25.32
074 V020300 0.00
074 W000300 0.0000
074 X000300 2
074 Y000300 998
075 A000300 0
075 B000300 546440
076 000300 0.00
028 A010400 5562
028 A020400 0
028 A030400 0
028 A040400 2433
028 B010400 6542
028 B020400 0
028 B030400 0
028 B040400 1261
028 C010400 7500
028 C020400 0
028 C030400 0
028 C040400 1657
028 D010400 6097
028 D020400 0
028 D030400 0
028 D040400 3255
028 E010400 7784
028 E020400 0
028 E030400 0
028 E040400 4380
028 F010400 49156
028 F020400 52
028 F030400 0
028 F040400 41099
028 G010400 82641
028 G020400 52
028 G030400 0
028 G040400 54088
028 H000400 0
062 A000400 N
062 B000400 0.0
062 C000400 0.0
062 D000400 0.0
062 E000400 0.0
062 F000400 0.0
062 G000400 0.0
062 H000400 0.0
<PAGE> PAGE 12
062 I000400 0.0
062 J000400 0.0
062 K000400 0.0
062 L000400 0.0
062 M000400 0.0
062 N000400 0.0
062 O000400 0.0
062 P000400 0.0
062 Q000400 0.0
062 R000400 0.0
071 A000400 152819
071 B000400 96010
071 C000400 384777
071 D000400 25
072 A000400 12
072 B000400 10321
072 C000400 6387
072 D000400 0
072 E000400 0
072 F000400 391
072 G000400 540
072 H000400 0
072 I000400 222
072 J000400 6
072 K000400 0
072 L000400 20
072 M000400 1
072 N000400 0
072 O000400 0
072 P000400 0
072 Q000400 0
072 R000400 10
072 S000400 0
072 T000400 62
072 U000400 0
072 V000400 1
072 W000400 0
072 X000400 1253
072 Y000400 37
072 Z000400 15492
072AA000400 24689
072BB000400 825
072CC010400 55895
072CC020400 0
072DD010400 4238
072DD020400 0
072EE000400 12490
073 A010400 0.1900
073 A020400 0.0000
073 B000400 0.5600
073 C000400 0.0000
<PAGE> PAGE 13
074 A000400 0
074 B000400 10593
074 C000400 0
074 D000400 172845
074 E000400 1651
074 F000400 284572
074 G000400 0
074 H000400 0
074 I000400 31
074 J000400 0
074 K000400 0
074 L000400 4264
074 M000400 0
074 N000400 473956
074 O000400 486
074 P000400 121
074 Q000400 0
074 R010400 0
074 R020400 0
074 R030400 0
074 R040400 5570
074 S000400 0
074 T000400 467779
074 U010400 26037
074 U020400 0
074 V010400 17.97
074 V020400 0.00
074 W000400 0.0000
074 X000400 2
074 Y000400 0
075 A000400 0
075 B000400 391630
076 000400 0.00
028 A010500 7369
028 A020500 0
028 A030500 0
028 A040500 1101
028 B010500 6050
028 B020500 0
028 B030500 0
028 B040500 988
028 C010500 9402
028 C020500 0
028 C030500 0
028 C040500 553
028 D010500 7167
028 D020500 0
028 D030500 0
028 D040500 2156
028 E010500 7456
028 E020500 0
<PAGE> PAGE 14
028 E030500 0
028 E040500 1120
028 F010500 39923
028 F020500 3
028 F030500 0
028 F040500 30664
028 G010500 77367
028 G020500 3
028 G030500 0
028 G040500 36582
028 H000500 0
062 A000500 N
062 B000500 0.0
062 C000500 0.0
062 D000500 0.0
062 E000500 0.0
062 F000500 0.0
062 G000500 0.0
062 H000500 0.0
062 I000500 0.0
062 J000500 0.0
062 K000500 0.0
062 L000500 0.0
062 M000500 0.0
062 N000500 0.0
062 O000500 0.0
062 P000500 0.0
062 Q000500 0.0
062 R000500 0.0
071 A000500 85833
071 B000500 15307
071 C000500 196426
071 D000500 8
072 A000500 12
072 B000500 134
072 C000500 6761
072 D000500 0
072 E000500 0
072 F000500 203
072 G000500 293
072 H000500 0
072 I000500 158
072 J000500 16
072 K000500 0
072 L000500 13
072 M000500 1
072 N000500 0
072 O000500 0
072 P000500 0
072 Q000500 0
072 R000500 9
<PAGE> PAGE 15
072 S000500 0
072 T000500 31
072 U000500 0
072 V000500 1
072 W000500 0
072 X000500 725
072 Y000500 0
072 Z000500 6170
072AA000500 6250
072BB000500 325
072CC010500 51449
072CC020500 0
072DD010500 1585
072DD020500 0
072EE000500 1796
073 A010500 0.1500
073 A020500 0.0000
073 B000500 0.1700
073 C000500 0.0000
074 A000500 0
074 B000500 2356
074 C000500 0
074 D000500 0
074 E000500 0
074 F000500 268192
074 G000500 0
074 H000500 0
074 I000500 18
074 J000500 0
074 K000500 0
074 L000500 1020
074 M000500 0
074 N000500 271586
074 O000500 190
074 P000500 47
074 Q000500 0
074 R010500 0
074 R020500 0
074 R030500 0
074 R040500 140
074 S000500 0
074 T000500 271209
074 U010500 14660
074 U020500 0
074 V010500 18.50
074 V020500 0.00
074 W000500 0.0000
074 X000500 2
074 Y000500 0
075 A000500 0
075 B000500 198667
<PAGE> PAGE 16
076 000500 0.00
028 A010600 8995
028 A020600 0
028 A030600 0
028 A040600 2096
028 B010600 13081
028 B020600 0
028 B030600 0
028 B040600 1805
028 C010600 7920
028 C020600 0
028 C030600 0
028 C040600 4384
028 D010600 9823
028 D020600 0
028 D030600 0
028 D040600 2665
028 E010600 7436
028 E020600 0
028 E030600 0
028 E040600 3674
028 F010600 74070
028 F020600 0
028 F030600 0
028 F040600 72011
028 G010600 121325
028 G020600 0
028 G030600 0
028 G040600 86635
028 H000600 0
062 A000600 N
062 B000600 0.0
062 C000600 0.0
062 D000600 0.0
062 E000600 0.0
062 F000600 0.0
062 G000600 0.0
062 H000600 0.0
062 I000600 0.0
062 J000600 0.0
062 K000600 0.0
062 L000600 0.0
062 M000600 0.0
062 N000600 0.0
062 O000600 0.0
062 P000600 0.0
062 Q000600 0.0
062 R000600 0.0
071 A000600 232472
071 B000600 135315
071 C000600 358454
<PAGE> PAGE 17
071 D000600 38
072 A000600 12
072 B000600 949
072 C000600 4668
072 D000600 0
072 E000600 0
072 F000600 575
072 G000600 522
072 H000600 0
072 I000600 238
072 J000600 12
072 K000600 0
072 L000600 19
072 M000600 1
072 N000600 0
072 O000600 0
072 P000600 0
072 Q000600 0
072 R000600 9
072 S000600 0
072 T000600 60
072 U000600 0
072 V000600 2
072 W000600 0
072 X000600 1438
072 Y000600 0
072 Z000600 4179
072AA000600 19066
072BB000600 6832
072CC010600 75855
072CC020600 0
072DD010600 2913
072DD020600 0
072EE000600 11246
073 A010600 0.1800
073 A020600 0.0000
073 B000600 0.6950
073 C000600 0.0000
074 A000600 0
074 B000600 15381
074 C000600 0
074 D000600 0
074 E000600 0
074 F000600 444003
074 G000600 0
074 H000600 0
074 I000600 31
074 J000600 1012
074 K000600 0
074 L000600 559
074 M000600 0
<PAGE> PAGE 18
074 N000600 460986
074 O000600 0
074 P000600 99
074 Q000600 0
074 R010600 0
074 R020600 0
074 R030600 0
074 R040600 568
074 S000600 0
074 T000600 460319
074 U010600 21397
074 U020600 0
074 V010600 21.51
074 V020600 0.00
074 W000600 0.0000
074 X000600 2
074 Y000600 0
075 A000600 0
075 B000600 374501
076 000600 0.00
015 A000701 MORGAN STANLEY TRUST COMPANY
015 B000701 C
015 C010701 BROOKLYN
015 C020701 NY
015 C030701 11201
015 E010701 X
028 A010700 7165
028 A020700 0
028 A030700 0
028 A040700 1945
028 B010700 6922
028 B020700 0
028 B030700 0
028 B040700 1204
028 C010700 8899
028 C020700 0
028 C030700 0
028 C040700 1069
028 D010700 9351
028 D020700 0
028 D030700 0
028 D040700 1227
028 E010700 5253
028 E020700 0
028 E030700 0
028 E040700 3162
028 F010700 41341
028 F020700 0
028 F030700 0
028 F040700 38869
028 G010700 78931
<PAGE> PAGE 19
028 G020700 0
028 G030700 0
028 G040700 47476
028 H000700 0
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 91639
071 B000700 41458
071 C000700 192313
071 D000700 22
072 A000700 12
072 B000700 536
072 C000700 3251
072 D000700 0
072 E000700 0
072 F000700 315
072 G000700 267
072 H000700 0
072 I000700 178
072 J000700 106
072 K000700 0
072 L000700 14
072 M000700 1
072 N000700 0
072 O000700 0
072 P000700 0
072 Q000700 0
072 R000700 8
072 S000700 0
072 T000700 34
072 U000700 0
072 V000700 1
072 W000700 0
072 X000700 924
072 Y000700 0
<PAGE> PAGE 20
072 Z000700 2863
072AA000700 7228
072BB000700 4739
072CC010700 28331
072CC020700 0
072DD010700 1801
072DD020700 0
072EE000700 4118
073 A010700 0.1400
073 A020700 0.0000
073 B000700 0.3200
073 C000700 0.0000
074 A000700 0
074 B000700 23561
074 C000700 0
074 D000700 0
074 E000700 0
074 F000700 238092
074 G000700 0
074 H000700 0
074 I000700 16
074 J000700 17
074 K000700 0
074 L000700 673
074 M000700 0
074 N000700 262359
074 O000700 1532
074 P000700 46
074 Q000700 0
074 R010700 0
074 R020700 0
074 R030700 0
074 R040700 14665
074 S000700 0
074 T000700 246116
074 U010700 16910
074 U020700 0
074 V010700 14.55
074 V020700 0.00
074 W000700 0.0000
074 X000700 2
074 Y000700 0
075 A000700 0
075 B000700 200807
076 000700 0.00
028 A010800 4417
028 A020800 396
028 A030800 0
028 A040800 2400
028 B010800 5266
028 B020800 424
<PAGE> PAGE 21
028 B030800 0
028 B040800 491
028 C010800 5357
028 C020800 482
028 C030800 0
028 C040800 782
028 D010800 5987
028 D020800 518
028 D030800 0
028 D040800 1063
028 E010800 5522
028 E020800 513
028 E030800 0
028 E040800 380
028 F010800 22986
028 F020800 607
028 F030800 0
028 F040800 17180
028 G010800 49535
028 G020800 2940
028 G030800 0
028 G040800 22296
028 H000800 0
055 A000800 Y
055 B000800 N
056 000800 Y
057 000800 N
062 A000800 Y
062 B000800 0.0
062 C000800 0.0
062 D000800 5.5
062 E000800 0.0
062 F000800 0.0
062 G000800 0.0
062 H000800 0.0
062 I000800 0.0
062 J000800 0.0
062 K000800 0.0
062 L000800 0.0
062 M000800 0.0
062 N000800 0.0
062 O000800 0.0
062 P000800 93.6
062 Q000800 0.0
062 R000800 0.9
063 A000800 0
063 B000800 8.1
064 A000800 N
071 A000800 70928
071 B000800 14725
071 C000800 49327
<PAGE> PAGE 22
071 D000800 30
072 A000800 12
072 B000800 4734
072 C000800 0
072 D000800 0
072 E000800 0
072 F000800 34
072 G000800 71
072 H000800 0
072 I000800 36
072 J000800 2
072 K000800 0
072 L000800 2
072 M000800 0
072 N000800 0
072 O000800 0
072 P000800 0
072 Q000800 0
072 R000800 7
072 S000800 0
072 T000800 7
072 U000800 0
072 V000800 0
072 W000800 0
072 X000800 159
072 Y000800 0
072 Z000800 4575
072AA000800 375
072BB000800 250
072CC010800 2050
072CC020800 0
072DD010800 4575
072DD020800 0
072EE000800 25
073 A010800 0.9220
073 A020800 0.0000
073 B000800 0.0100
073 C000800 0.0000
074 A000800 0
074 B000800 4668
074 C000800 0
074 D000800 79455
074 E000800 0
074 F000800 0
074 G000800 0
074 H000800 0
074 I000800 5
074 J000800 226
074 K000800 0
074 L000800 2286
074 M000800 0
<PAGE> PAGE 23
074 N000800 86640
074 O000800 1414
074 P000800 11
074 Q000800 0
074 R010800 0
074 R020800 0
074 R030800 0
074 R040800 328
074 S000800 0
074 T000800 84887
074 U010800 8018
074 U020800 0
074 V010800 10.59
074 V020800 0.00
074 W000800 0.0000
074 X000800 2
074 Y000800 0
075 A000800 0
075 B000800 51913
076 000800 0.00
028 A010900 3881
028 A020900 0
028 A030900 0
028 A040900 728
028 B010900 7097
028 B020900 0
028 B030900 0
028 B040900 53
028 C010900 5913
028 C020900 0
028 C030900 0
028 C040900 499
028 D010900 6162
028 D020900 0
028 D030900 0
028 D040900 1021
028 E010900 8906
028 E020900 0
028 E030900 0
028 E040900 228
028 F010900 44569
028 F020900 0
028 F030900 0
028 F040900 23130
028 G010900 76528
028 G020900 0
028 G030900 0
028 G040900 25659
028 H000900 0
062 A000900 N
062 B000900 0.0
<PAGE> PAGE 24
062 C000900 0.0
062 D000900 0.0
062 E000900 0.0
062 F000900 0.0
062 G000900 0.0
062 H000900 0.0
062 I000900 0.0
062 J000900 0.0
062 K000900 0.0
062 L000900 0.0
062 M000900 0.0
062 N000900 0.0
062 O000900 0.0
062 P000900 0.0
062 Q000900 0.0
062 R000900 0.0
071 A000900 110016
071 B000900 45552
071 C000900 63652
071 D000900 72
072 A000900 12
072 B000900 422
072 C000900 311
072 D000900 0
072 E000900 0
072 F000900 85
072 G000900 83
072 H000900 0
072 I000900 76
072 J000900 4
072 K000900 0
072 L000900 5
072 M000900 0
072 N000900 0
072 O000900 0
072 P000900 0
072 Q000900 0
072 R000900 7
072 S000900 0
072 T000900 9
072 U000900 0
072 V000900 1
072 W000900 0
072 X000900 270
072 Y000900 0
072 Z000900 463
072AA000900 7079
072BB000900 7637
072CC010900 20663
072CC020900 0
072DD010900 190
<PAGE> PAGE 25
072DD020900 0
072EE000900 0
073 A010900 0.0400
073 A020900 0.0000
073 B000900 0.0000
073 C000900 0.0000
074 A000900 0
074 B000900 12534
074 C000900 0
074 D000900 0
074 E000900 0
074 F000900 125467
074 G000900 0
074 H000900 0
074 I000900 7
074 J000900 752
074 K000900 0
074 L000900 800
074 M000900 0
074 N000900 139560
074 O000900 3000
074 P000900 20
074 Q000900 0
074 R010900 0
074 R020900 0
074 R030900 0
074 R040900 3418
074 S000900 0
074 T000900 133122
074 U010900 11119
074 U020900 0
074 V010900 11.97
074 V020900 0.00
074 W000900 0.0000
074 X000900 2
074 Y000900 0
075 A000900 0
075 B000900 69513
076 000900 0.00
SIGNATURE GARY P. SOURA
TITLE MANAGER
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000857490
<NAME> VANGUARD VARIABLE INSURANCE FUND
<SERIES>
<NUMBER> 01
<NAME> MONEY MARKET PORTFOLIO
<MULTIPLIER> 1,000
<CURRENCY> US
<S> <C>
<PERIOD-TYPE> YEAR
<FISCAL-YEAR-END> SEP-30-1997
<PERIOD-START> OCT-01-1996
<PERIOD-END> SEP-30-1997
<EXCHANGE-RATE> 1
<INVESTMENTS-AT-COST> 392029
<INVESTMENTS-AT-VALUE> 392029
<RECEIVABLES> 3068
<ASSETS-OTHER> 28
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 395125
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 2526
<TOTAL-LIABILITIES> 2526
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 392602
<SHARES-COMMON-STOCK> 392602
<SHARES-COMMON-PRIOR> 284984
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (3)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 0
<NET-ASSETS> 392599
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 19873
<OTHER-INCOME> 0
<EXPENSES-NET> 733
<NET-INVESTMENT-INCOME> 19140
<REALIZED-GAINS-CURRENT> 0
<APPREC-INCREASE-CURRENT> 0
<NET-CHANGE-FROM-OPS> 19140
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 19140
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 816202
<NUMBER-OF-SHARES-REDEEMED> 727724
<SHARES-REINVESTED> 19140
<NET-CHANGE-IN-ASSETS> 107618
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> (3)
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 53
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 733
<AVERAGE-NET-ASSETS> 357151
<PER-SHARE-NAV-BEGIN> 1.00
<PER-SHARE-NII> 0.054
<PER-SHARE-GAIN-APPREC> 0
<PER-SHARE-DIVIDEND> 0.054
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 1.00
<EXPENSE-RATIO> 0.21
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000857490
<NAME> VANGUARD VARIABLE INSURANCE FUND
<SERIES>
<NUMBER> 02
<NAME> HIGH-GRADE BOND PORTFOLIO
<MULTIPLIER> 1,000
<CURRENCY> US
<S> <C>
<PERIOD-TYPE> YEAR
<FISCAL-YEAR-END> SEP-30-1997
<PERIOD-START> OCT-01-1996
<PERIOD-END> SEP-30-1997
<EXCHANGE-RATE> 1
<INVESTMENTS-AT-COST> 182235
<INVESTMENTS-AT-VALUE> 186169
<RECEIVABLES> 4346
<ASSETS-OTHER> 13
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 190528
<PAYABLE-FOR-SECURITIES> 2506
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 132
<TOTAL-LIABILITIES> 2638
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 184721
<SHARES-COMMON-STOCK> 17771
<SHARES-COMMON-PRIOR> 13555
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (765)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 3934
<NET-ASSETS> 187890
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 10969
<OTHER-INCOME> 0
<EXPENSES-NET> 462
<NET-INVESTMENT-INCOME> 10507
<REALIZED-GAINS-CURRENT> 45
<APPREC-INCREASE-CURRENT> 4504
<NET-CHANGE-FROM-OPS> 15056
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 10507
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 6960
<NUMBER-OF-SHARES-REDEEMED> 3751
<SHARES-REINVESTED> 1007
<NET-CHANGE-IN-ASSETS> 48414
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> (810)
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 24
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 462
<AVERAGE-NET-ASSETS> 162235
<PER-SHARE-NAV-BEGIN> 10.29
<PER-SHARE-NII> 0.678
<PER-SHARE-GAIN-APPREC> 0.280
<PER-SHARE-DIVIDEND> 0.678
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 10.57
<EXPENSE-RATIO> 0.29
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000857490
<NAME> VANGUARD VARIABLE INSURANCE FUND
<SERIES>
<NUMBER> 03
<NAME> EQUITY INDEX PORTFOLIO
<MULTIPLIER> 1,000
<CURRENCY> US
<S> <C>
<PERIOD-TYPE> YEAR
<FISCAL-YEAR-END> SEP-30-1997
<PERIOD-START> OCT-01-1996
<PERIOD-END> SEP-30-1997
<EXCHANGE-RATE> 1
<INVESTMENTS-AT-COST> 438037
<INVESTMENTS-AT-VALUE> 721247
<RECEIVABLES> 1773
<ASSETS-OTHER> 52
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 723072
<PAYABLE-FOR-SECURITIES> 5011
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 390
<TOTAL-LIABILITIES> 5401
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 418177
<SHARES-COMMON-STOCK> 28347
<SHARES-COMMON-PRIOR> 22158
<ACCUMULATED-NII-CURRENT> 9560
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 6401
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 283533
<NET-ASSETS> 717671
<DIVIDEND-INCOME> 9850
<INTEREST-INCOME> 1096
<OTHER-INCOME> 0
<EXPENSES-NET> 1248
<NET-INVESTMENT-INCOME> 9698
<REALIZED-GAINS-CURRENT> 6531
<APPREC-INCREASE-CURRENT> 166268
<NET-CHANGE-FROM-OPS> 182497
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 4266
<DISTRIBUTIONS-OF-GAINS> 2021
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 11303
<NUMBER-OF-SHARES-REDEEMED> 5455
<SHARES-REINVESTED> 341
<NET-CHANGE-IN-ASSETS> 311776
<ACCUMULATED-NII-PRIOR> 4128
<ACCUMULATED-GAINS-PRIOR> 1891
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 12
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 1248
<AVERAGE-NET-ASSETS> 546440
<PER-SHARE-NAV-BEGIN> 18.32
<PER-SHARE-NII> 0.34
<PER-SHARE-GAIN-APPREC> 6.94
<PER-SHARE-DIVIDEND> 0.19
<PER-SHARE-DISTRIBUTIONS> 0.09
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 25.32
<EXPENSE-RATIO> 0.23
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000857490
<NAME> VANGUARD VARIABLE INSURANCE FUND
<SERIES>
<NUMBER> 04
<NAME> BALANCED PORTFOLIO
<MULTIPLIER> 1,000
<CURRENCY> US
<S> <C>
<PERIOD-TYPE> YEAR
<FISCAL-YEAR-END> SEP-30-1997
<PERIOD-START> OCT-01-1996
<PERIOD-END> SEP-30-1997
<EXCHANGE-RATE> 1
<INVESTMENTS-AT-COST> 347389
<INVESTMENTS-AT-VALUE> 469661
<RECEIVABLES> 4264
<ASSETS-OTHER> 31
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 473956
<PAYABLE-FOR-SECURITIES> 486
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 5691
<TOTAL-LIABILITIES> 6177
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 308236
<SHARES-COMMON-STOCK> 26037
<SHARES-COMMON-PRIOR> 22289
<ACCUMULATED-NII-CURRENT> 15492
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 21779
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 122272
<NET-ASSETS> 467779
<DIVIDEND-INCOME> 6387
<INTEREST-INCOME> 10321
<OTHER-INCOME> 0
<EXPENSES-NET> 1216
<NET-INVESTMENT-INCOME> 15492
<REALIZED-GAINS-CURRENT> 23864
<APPREC-INCREASE-CURRENT> 55895
<NET-CHANGE-FROM-OPS> 95251
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 4238
<DISTRIBUTIONS-OF-GAINS> 12490
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 6790
<NUMBER-OF-SHARES-REDEEMED> 4193
<SHARES-REINVESTED> 1151
<NET-CHANGE-IN-ASSETS> 137705
<ACCUMULATED-NII-PRIOR> 4306
<ACCUMULATED-GAINS-PRIOR> 12548
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 391
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 1253
<AVERAGE-NET-ASSETS> 391630
<PER-SHARE-NAV-BEGIN> 14.81
<PER-SHARE-NII> 0.69
<PER-SHARE-GAIN-APPREC> 3.22
<PER-SHARE-DIVIDEND> 0.19
<PER-SHARE-DISTRIBUTIONS> 0.56
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 17.97
<EXPENSE-RATIO> 0.32
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000857490
<NAME> VANGUARD VARIABLE INSURANCE FUND
<SERIES>
<NUMBER> 05
<NAME> EQUITY INCOME PORTFOLIO
<MULTIPLIER> 1,000
<CURRENCY> US
<S> <C>
<PERIOD-TYPE> YEAR
<FISCAL-YEAR-END> SEP-30-1997
<PERIOD-START> OCT-01-1996
<PERIOD-END> SEP-30-1997
<EXCHANGE-RATE> 1
<INVESTMENTS-AT-COST> 193936
<INVESTMENTS-AT-VALUE> 270548
<RECEIVABLES> 1020
<ASSETS-OTHER> 18
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 271586
<PAYABLE-FOR-SECURITIES> 190
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 187
<TOTAL-LIABILITIES> 377
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 183095
<SHARES-COMMON-STOCK> 14660
<SHARES-COMMON-PRIOR> 10371
<ACCUMULATED-NII-CURRENT> 5900
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 5602
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 76612
<NET-ASSETS> 271209
<DIVIDEND-INCOME> 6761
<INTEREST-INCOME> 134
<OTHER-INCOME> 0
<EXPENSES-NET> 725
<NET-INVESTMENT-INCOME> 6170
<REALIZED-GAINS-CURRENT> 5925
<APPREC-INCREASE-CURRENT> 51449
<NET-CHANGE-FROM-OPS> 63544
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 1585
<DISTRIBUTIONS-OF-GAINS> 1796
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 6672
<NUMBER-OF-SHARES-REDEEMED> 2626
<SHARES-REINVESTED> 244
<NET-CHANGE-IN-ASSETS> 129020
<ACCUMULATED-NII-PRIOR> 1559
<ACCUMULATED-GAINS-PRIOR> 1836
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 203
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 725
<AVERAGE-NET-ASSETS> 198667
<PER-SHARE-NAV-BEGIN> 13.71
<PER-SHARE-NII> 0.42
<PER-SHARE-GAIN-APPREC> 4.69
<PER-SHARE-DIVIDEND> 0.15
<PER-SHARE-DISTRIBUTIONS> 0.17
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 18.50
<EXPENSE-RATIO> 0.37
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000857490
<NAME> VANGUARD VARIABLE INSURANCE FUND
<SERIES>
<NUMBER> 06
<NAME> GROWTH PORTFOLIO
<MULTIPLIER> 1,000
<CURRENCY> US
<S> <C>
<PERIOD-TYPE> YEAR
<FISCAL-YEAR-END> SEP-30-1997
<PERIOD-START> OCT-01-1996
<PERIOD-END> SEP-30-1997
<EXCHANGE-RATE> 1
<INVESTMENTS-AT-COST> 312839
<INVESTMENTS-AT-VALUE> 459384
<RECEIVABLES> 1571
<ASSETS-OTHER> 31
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 460986
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 667
<TOTAL-LIABILITIES> 667
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 297548
<SHARES-COMMON-STOCK> 21397
<SHARES-COMMON-PRIOR> 15679
<ACCUMULATED-NII-CURRENT> 4036
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 12190
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 146545
<NET-ASSETS> 460319
<DIVIDEND-INCOME> 4668
<INTEREST-INCOME> 949
<OTHER-INCOME> 0
<EXPENSES-NET> 1438
<NET-INVESTMENT-INCOME> 4179
<REALIZED-GAINS-CURRENT> 12234
<APPREC-INCREASE-CURRENT> 75855
<NET-CHANGE-FROM-OPS> 92268
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 2913
<DISTRIBUTIONS-OF-GAINS> 11246
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 9841
<NUMBER-OF-SHARES-REDEEMED> 4969
<SHARES-REINVESTED> 846
<NET-CHANGE-IN-ASSETS> 184717
<ACCUMULATED-NII-PRIOR> 2770
<ACCUMULATED-GAINS-PRIOR> 11202
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 575
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 1438
<AVERAGE-NET-ASSETS> 374501
<PER-SHARE-NAV-BEGIN> 17.58
<PER-SHARE-NII> 0.190
<PER-SHARE-GAIN-APPREC> 4.615
<PER-SHARE-DIVIDEND> 0.180
<PER-SHARE-DISTRIBUTIONS> 0.695
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 21.51
<EXPENSE-RATIO> 0.38
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000857490
<NAME> VANGUARD VARIABLE INSURANCE FUND
<SERIES>
<NUMBER> 07
<NAME> INTERNATIONAL PORTFOLIO
<MULTIPLIER> 1,000
<CURRENCY> US
<S> <C>
<PERIOD-TYPE> YEAR
<FISCAL-YEAR-END> SEP-30-1997
<PERIOD-START> OCT-01-1996
<PERIOD-END> SEP-30-1997
<EXCHANGE-RATE> 1
<INVESTMENTS-AT-COST> 215997
<INVESTMENTS-AT-VALUE> 261653
<RECEIVABLES> 690
<ASSETS-OTHER> 16
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 262359
<PAYABLE-FOR-SECURITIES> 1532
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 14711
<TOTAL-LIABILITIES> 16243
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 195433
<SHARES-COMMON-STOCK> 16910
<SHARES-COMMON-PRIOR> 12681
<ACCUMULATED-NII-CURRENT> 2729
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 2305
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 45649
<NET-ASSETS> 246116
<DIVIDEND-INCOME> 3251
<INTEREST-INCOME> 536
<OTHER-INCOME> 0
<EXPENSES-NET> 924
<NET-INVESTMENT-INCOME> 2863
<REALIZED-GAINS-CURRENT> 2489
<APPREC-INCREASE-CURRENT> 28331
<NET-CHANGE-FROM-OPS> 33683
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 1802
<DISTRIBUTIONS-OF-GAINS> 4118
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 7928
<NUMBER-OF-SHARES-REDEEMED> 4189
<SHARES-REINVESTED> 489
<NET-CHANGE-IN-ASSETS> 84594
<ACCUMULATED-NII-PRIOR> 1672
<ACCUMULATED-GAINS-PRIOR> 3930
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 315
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 924
<AVERAGE-NET-ASSETS> 200807
<PER-SHARE-NAV-BEGIN> 12.74
<PER-SHARE-NII> 0.17
<PER-SHARE-GAIN-APPREC> 2.10
<PER-SHARE-DIVIDEND> 0.14
<PER-SHARE-DISTRIBUTIONS> 0.32
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 14.55
<EXPENSE-RATIO> 0.46
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000857490
<NAME> VANGUARD VARIABLE INSURANCE FUND
<SERIES>
<NUMBER> 08
<NAME> HIGH YIELD BOND PORTFOLIO
<MULTIPLIER> 1,000
<CURRENCY> US
<S> <C>
<PERIOD-TYPE> YEAR
<FISCAL-YEAR-END> SEP-30-1997
<PERIOD-START> OCT-01-1996
<PERIOD-END> SEP-30-1997
<EXCHANGE-RATE> 1
<INVESTMENTS-AT-COST> 81754
<INVESTMENTS-AT-VALUE> 84123
<RECEIVABLES> 2512
<ASSETS-OTHER> 5
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 86640
<PAYABLE-FOR-SECURITIES> 1414
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 339
<TOTAL-LIABILITIES> 1753
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 82394
<SHARES-COMMON-STOCK> 8018
<SHARES-COMMON-PRIOR> 2192
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 124
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 2369
<NET-ASSETS> 84887
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 4734
<OTHER-INCOME> 0
<EXPENSES-NET> 159
<NET-INVESTMENT-INCOME> 4575
<REALIZED-GAINS-CURRENT> 125
<APPREC-INCREASE-CURRENT> 2050
<NET-CHANGE-FROM-OPS> 6750
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 4575
<DISTRIBUTIONS-OF-GAINS> 25
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 7895
<NUMBER-OF-SHARES-REDEEMED> 2512
<SHARES-REINVESTED> 443
<NET-CHANGE-IN-ASSETS> 62642
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 24
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 34
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 159
<AVERAGE-NET-ASSETS> 51913
<PER-SHARE-NAV-BEGIN> 10.15
<PER-SHARE-NII> 0.922
<PER-SHARE-GAIN-APPREC> 0.450
<PER-SHARE-DIVIDEND> 0.922
<PER-SHARE-DISTRIBUTIONS> 0.010
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 10.59
<EXPENSE-RATIO> 0.31
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000857490
<NAME> VANGUARD VARIABLE INSURANCE FUND
<SERIES>
<NUMBER> 09
<NAME> SMALL COMPANY GROWTH PORTFOLIO
<MULTIPLIER> 1,000
<CURRENCY> US
<S> <C>
<PERIOD-TYPE> YEAR
<FISCAL-YEAR-END> SEP-30-1997
<PERIOD-START> OCT-01-1996
<PERIOD-END> SEP-30-1997
<EXCHANGE-RATE> 1
<INVESTMENTS-AT-COST> 117054
<INVESTMENTS-AT-VALUE> 138001
<RECEIVABLES> 1552
<ASSETS-OTHER> 7
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 139560
<PAYABLE-FOR-SECURITIES> 3000
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 3438
<TOTAL-LIABILITIES> 6438
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 112854
<SHARES-COMMON-STOCK> 11119
<SHARES-COMMON-PRIOR> 4488
<ACCUMULATED-NII-CURRENT> 447
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (1126)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 20947
<NET-ASSETS> 133122
<DIVIDEND-INCOME> 311
<INTEREST-INCOME> 422
<OTHER-INCOME> 0
<EXPENSES-NET> 270
<NET-INVESTMENT-INCOME> 463
<REALIZED-GAINS-CURRENT> (558)
<APPREC-INCREASE-CURRENT> 20663
<NET-CHANGE-FROM-OPS> 20568
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 190
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 9757
<NUMBER-OF-SHARES-REDEEMED> 3146
<SHARES-REINVESTED> 20
<NET-CHANGE-IN-ASSETS> 88943
<ACCUMULATED-NII-PRIOR> 174
<ACCUMULATED-GAINS-PRIOR> (568)
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 85
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 270
<AVERAGE-NET-ASSETS> 69513
<PER-SHARE-NAV-BEGIN> 9.84
<PER-SHARE-NII> 0.04
<PER-SHARE-GAIN-APPREC> 2.13
<PER-SHARE-DIVIDEND> 0.04
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 11.97
<EXPENSE-RATIO> 0.39
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>