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<PAGE> PAGE 2
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<PAGE> PAGE 6
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<PAGE> PAGE 7
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<PAGE> PAGE 11
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<PAGE> PAGE 13
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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 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 28
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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 36
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<PAGE> PAGE 37
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<PAGE> PAGE 38
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TITLE V.P.
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<NAME> SECURITY INCOME FUND
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<NAME> SECURITY INCOME FUND
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<TABLE> <S> <C>
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<NAME> SECURITY INCOME FUND
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<NAME> LIMITED MATURITY BOND - A
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<TABLE> <S> <C>
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<NAME> SECURITY INCOME FUND
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<CIK> 0000088498
<NAME> SECURITY INCOME FUND
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<NAME> MFR GLOBAL HIGH YIELD - A
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<TABLE> <S> <C>
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<NAME> SECURITY INCOME FUND
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<NAME> MFR GLOBAL HIGH YIELD - B
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<NAME> SECURITY INCOME FUND
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<NAME> SECURITY INCOME FUND
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<TABLE> <S> <C>
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<CIK> 0000088498
<NAME> SECURITY INCOME FUND
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<NAME> MFR EMERGING MARKETS - A
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