SECURITY EQUITY FUND
NSAR-B, 1995-11-27
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<PAGE>      PAGE  1
000 B000000 09/30/95
000 C000000 0000088525
000 D000000 N
000 E000000 NF
000 F000000 Y
000 G000000 N
000 H000000 N
000 I000000 3.0
000 J000000 A
001 A000000 SECURITY EQUITY FUND
001 B000000 811-1136
001 C000000 9132953127
002 A000000 700 HARRISON STREET
002 B000000 TOPEKA
002 C000000 KS
002 D010000 66636
002 D020000 0001
003  000000 N
004  000000 N
005  000000 N
006  000000 N
007 A000000 Y
007 B000000  3
007 C010100  1
007 C020100 EQUITY SERIES
007 C030100 N
007 C010200  2
007 C020200 GLOBAL SERIES
007 C030200 N
007 C010300  3
007 C020300 ASSET ALLOCATION SERIES
007 C030300 N
007 C010400  4
007 C010500  5
007 C010600  6
007 C010700  7
007 C010800  8
007 C010900  9
007 C011000 10
010 A00AA01 SECURITY MANAGEMENT COMPANY
010 B00AA01 811-8008
010 C01AA01 TOPEKA
010 C02AA01 KS
010 C03AA01 66636
010 C04AA01 0001
011 A00AA01 SECURITY DISTRIBUTORS, INC.
011 B00AA01 8-10781
011 C01AA01 TOPEKA
011 C02AA01 KS
011 C03AA01 66636
011 C04AA01 0001
<PAGE>      PAGE  2
012 A00AA01 SECURITY MANAGEMENT COMPANY
012 B00AA01 84-01497
012 C01AA01 TOPEKA
012 C02AA01 KS
012 C03AA01 66636
012 C04AA01 0001
013 A00AA01 ERNST & YOUNG, LLP
013 B01AA01 KANSAS CITY
013 B02AA01 MO
013 B03AA01 64105
013 B04AA01 2143
018  00AA00 Y
019 A00AA00 Y
019 B00AA00   22
019 C00AA00 SECURITYFU
020 A000001 PERSHING & COMPANY
020 B000001 13-2741729
020 C000001    102
020 A000002 PAINE WEBBER, INC.
020 B000002 13-2638166
020 C000002     75
020 A000003 LAWRENCE (C.J.) INC.
020 B000003 13-2730828
020 C000003     71
020 A000004 DONALDSON, LUFKIN & JENRETTE SECURITIES
020 B000004 13-2741729
020 C000004     70
020 A000005 OPPENHEIMER & COMPANY, INC.
020 B000005 13-2798343
020 C000005     70
020 A000006 SALOMON BROTHERS, INC.
020 B000006 13-2655998
020 C000006     68
020 A000007 PRUDENTIAL-BACHE SECURITIES, INC.
020 B000007 22-2347336
020 C000007     67
020 A000008 MERRILL LYNCH
020 B000008 13-5674085
020 C000008     64
020 A000009 BRIDGE TRADING COMPANY
020 B000009 43-1450530
020 C000009     61
020 C000010      0
021  000000     1432
022 A000001 MERRILL LYNCH
022 B000001 13-5674085
022 C000001    409238
022 D000001     10922
022 A000002 FIRST BOSTON CORPORATION (THE)
022 B000002 13-5659485
022 C000002    107161
<PAGE>      PAGE  3
022 D000002      4413
022 A000003 SECURITY CASH FUND
022 B000003 48-0911935
022 C000003     63205
022 D000003     29626
022 A000004 SBL FUND C
022 B000004 48-1054154
022 C000004     14870
022 D000004     47444
022 A000005 SBL FUND B
022 B000005 48-1054156
022 C000005      5459
022 D000005     25802
022 A000006 MORGAN STANLEY & COMPANY, INC.
022 B000006 13-2655998
022 C000006     13349
022 D000006      9254
022 A000007 SECURITY ULTRA FUND
022 B000007 48-0720145
022 C000007      6942
022 D000007     10887
022 A000008 SBL FUND J
022 B000008 48-1121049
022 C000008      2494
022 D000008     11572
022 A000009 SBL FUND A
022 B000009 48-0873454
022 C000009      2497
022 D000009     10976
022 A000010 GOLDMAN SACHS & COMPANY
022 B000010 13-5108880
022 C000010      2725
022 D000010     10795
023 C000000     667608
023 D000000     193968
024  00AA00 N
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025 D00AA05       0
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025 D00AA08       0
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026 D000000 Y
026 E000000 N
026 F000000 N
026 G010000 N
<PAGE>      PAGE  4
026 G020000 N
026 H000000 N
027  000000 Y
077 A000000 Y
077 B000000 Y
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008 D010101 TOPEKA
008 D020101 KS
008 D030101 66636
008 D040101 0001
015 A000101 UMB BANK, N.A.
015 B000101 C
015 C010101 KANSAS CITY
015 C020101 MO
015 C030101 64106
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<PAGE>      PAGE  5
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<PAGE>      PAGE  6
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<PAGE>      PAGE  7
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070 F020100 N
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<PAGE>      PAGE  8
070 J020100 N
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070 K020100 N
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<PAGE>      PAGE  9
072DD010100        0
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008 A000201 LEXINGTON MANAGEMENT COMPANY
008 B000201 A
008 C000201 801-8281
008 D010201 SADDLE BROOK
008 D020201 NJ
008 D030201 07662
015 A000201 CHASE MANHATTAN BANK
015 B000201 C
015 C010201 NEW YORK
015 C020201 NY
015 C030201 10036
<PAGE>      PAGE  10
015 E010201 X
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<PAGE>      PAGE  11
042 E000200   0
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049  000200 N
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<PAGE>      PAGE  12
054 O000200 Y
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066 A000200 Y
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067  000200 N
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070 D020200 N
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070 E020200 N
070 F010200 N
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<PAGE>      PAGE  13
070 G010200 N
070 G020200 N
070 H010200 N
070 H020200 N
070 I010200 N
070 I020200 N
070 J010200 Y
070 J020200 Y
070 K010200 N
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070 L010200 Y
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<PAGE>      PAGE  14
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008 A000301 SECURITY MANAGEMENT COMPANY
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<PAGE>      PAGE  15
008 D020301 KS
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<PAGE>      PAGE  16
038  000300      0
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049  000300 N
050  000300 N
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<PAGE>      PAGE  17
054 E000300 Y
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<PAGE>      PAGE  18
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<PAGE>      PAGE  19
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074 F000300     1593
074 G000300        0
074 H000300        0
074 I000300      344
074 J000300        0
074 K000300        0
074 L000300       26
074 M000300        0
074 N000300     3457
074 O000300        0
074 P000300        0
074 Q000300        0
074 R010300        0
074 R020300        0
074 R030300        0
074 R040300       22
074 S000300        0
074 T000300     3435
074 U010300      180
074 U020300      146
074 V010300    10.54
074 V020300    10.50
<PAGE>      PAGE  20
074 W000300   0.0000
074 X000300      163
074 Y000300        0
075 A000300        0
075 B000300     3057
076  000300     0.00
SIGNATURE   JAMES R. SCHMANK                             
TITLE       V.P. & TREASURER    
 


<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000088525
<NAME> SECURITY EQUITY FUND
<SERIES>
   <NUMBER> 1
   <NAME> EQUITY SERIES, CLASS A
<MULTIPLIER> 1
<CURRENCY> US DOLLARS
       
<S>                             <C>
<PERIOD-TYPE>                   YEAR
<FISCAL-YEAR-END>                          SEP-30-1995
<PERIOD-START>                             OCT-01-1994
<PERIOD-END>                               SEP-30-1995
<EXCHANGE-RATE>                                      1
<INVESTMENTS-AT-COST>                           342409
<INVESTMENTS-AT-VALUE>                          456076
<RECEIVABLES>                                     2729
<ASSETS-OTHER>                                    1496
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                                  460301
<PAYABLE-FOR-SECURITIES>                             0
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                          675
<TOTAL-LIABILITIES>                                675
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                        316088
<SHARES-COMMON-STOCK>                            67235
<SHARES-COMMON-PRIOR>                            64712
<ACCUMULATED-NII-CURRENT>                         3305
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                          26566
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                        113667
<NET-ASSETS>                                    459626
<DIVIDEND-INCOME>                                 6221
<INTEREST-INCOME>                                 1405
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                    4321
<NET-INVESTMENT-INCOME>                           3305
<REALIZED-GAINS-CURRENT>                         27972
<APPREC-INCREASE-CURRENT>                        69737
<NET-CHANGE-FROM-OPS>                           101014
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                            0
<DISTRIBUTIONS-OF-GAINS>                         26300
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                          27957
<NUMBER-OF-SHARES-REDEEMED>                      30292
<SHARES-REINVESTED>                               4858
<NET-CHANGE-IN-ASSETS>                           82102
<ACCUMULATED-NII-PRIOR>                           3852
<ACCUMULATED-GAINS-PRIOR>                        21454
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                             4185
<INTEREST-EXPENSE>                                   2
<GROSS-EXPENSE>                                   4321
<AVERAGE-NET-ASSETS>                            398569
<PER-SHARE-NAV-BEGIN>                             5.54
<PER-SHARE-NII>                                    .04
<PER-SHARE-GAIN-APPREC>                          1.377
<PER-SHARE-DIVIDEND>                                 0
<PER-SHARE-DISTRIBUTIONS>                         .407
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                               6.55
<EXPENSE-RATIO>                                   1.05
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        

</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000088525
<NAME> SECURITY EQUITY FUND
<SERIES>
   <NUMBER> 2
   <NAME> EQUITY SERIES, CLASS B
<MULTIPLIER> 1000
<CURRENCY> US DOLLARS
       
<S>                             <C>
<PERIOD-TYPE>                   YEAR
<FISCAL-YEAR-END>                          SEP-30-1995
<PERIOD-START>                             OCT-01-1994
<PERIOD-END>                               SEP-30-1995
<EXCHANGE-RATE>                                      1
<INVESTMENTS-AT-COST>                           342409
<INVESTMENTS-AT-VALUE>                          456076
<RECEIVABLES>                                     2729
<ASSETS-OTHER>                                    1496
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                                  460301
<PAYABLE-FOR-SECURITIES>                             0
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                          675
<TOTAL-LIABILITIES>                                675
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                        316088
<SHARES-COMMON-STOCK>                             3000
<SHARES-COMMON-PRIOR>                             1357
<ACCUMULATED-NII-CURRENT>                         3305
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                          26566
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                             0
<NET-ASSETS>                                         0
<DIVIDEND-INCOME>                                 6221
<INTEREST-INCOME>                                 1405
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                    4321
<NET-INVESTMENT-INCOME>                           3305
<REALIZED-GAINS-CURRENT>                         27972
<APPREC-INCREASE-CURRENT>                        69737
<NET-CHANGE-FROM-OPS>                           101014
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                            0
<DISTRIBUTIONS-OF-GAINS>                           691
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                           6433
<NUMBER-OF-SHARES-REDEEMED>                       4928
<SHARES-REINVESTED>                                138
<NET-CHANGE-IN-ASSETS>                           11836
<ACCUMULATED-NII-PRIOR>                           3852
<ACCUMULATED-GAINS-PRIOR>                        21454
<OVERDISTRIB-NII-PRIOR>                              0
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<GROSS-EXPENSE>                                   4321
<AVERAGE-NET-ASSETS>                            398569
<PER-SHARE-NAV-BEGIN>                             5.49
<PER-SHARE-NII>                                  (.01)
<PER-SHARE-GAIN-APPREC>                          1.357
<PER-SHARE-DIVIDEND>                                 0
<PER-SHARE-DISTRIBUTIONS>                         .407
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                               6.43
<EXPENSE-RATIO>                                   2.05
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        

</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000088525
<NAME> SECURITY EQUITY FUND
<SERIES>
   <NUMBER> 3
   <NAME> GLOBAL SERIES, CLASS A
<MULTIPLIER> 1000
<CURRENCY> US DOLLARS
       
<S>                             <C>
<PERIOD-TYPE>                   YEAR
<FISCAL-YEAR-END>                          SEP-30-1995
<PERIOD-START>                             OCT-01-1994
<PERIOD-END>                               SEP-30-1995
<EXCHANGE-RATE>                                      1
<INVESTMENTS-AT-COST>                            20197
<INVESTMENTS-AT-VALUE>                           20874
<RECEIVABLES>                                      866
<ASSETS-OTHER>                                     678
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                                   22418
<PAYABLE-FOR-SECURITIES>                           669
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                           54
<TOTAL-LIABILITIES>                                723
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                         20425
<SHARES-COMMON-STOCK>                             1486
<SHARES-COMMON-PRIOR>                             1857
<ACCUMULATED-NII-CURRENT>                          136
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                            202
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                           931
<NET-ASSETS>                                     21694
<DIVIDEND-INCOME>                                  446
<INTEREST-INCOME>                                   11
<OTHER-INCOME>                                    (39)
<EXPENSES-NET>                                     509
<NET-INVESTMENT-INCOME>                           (91)
<REALIZED-GAINS-CURRENT>                           419
<APPREC-INCREASE-CURRENT>                           96
<NET-CHANGE-FROM-OPS>                              424
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                            0
<DISTRIBUTIONS-OF-GAINS>                           347
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                            395
<NUMBER-OF-SHARES-REDEEMED>                        799
<SHARES-REINVESTED>                                 33
<NET-CHANGE-IN-ASSETS>                          (3867)
<ACCUMULATED-NII-PRIOR>                              0
<ACCUMULATED-GAINS-PRIOR>                          502
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                              457
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                    509
<AVERAGE-NET-ASSETS>                             22938
<PER-SHARE-NAV-BEGIN>                            10.84
<PER-SHARE-NII>                                  (.02)
<PER-SHARE-GAIN-APPREC>                            .31
<PER-SHARE-DIVIDEND>                                 0
<PER-SHARE-DISTRIBUTIONS>                          .19
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              10.94
<EXPENSE-RATIO>                                    2.0
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        

</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000088525
<NAME> SECURITY EQUITY FUND
<SERIES>
   <NUMBER> 4
   <NAME> GLOBAL SERIES, CLASS B
<MULTIPLIER> 1000
<CURRENCY> US DOLLARS
       
<S>                             <C>
<PERIOD-TYPE>                   YEAR
<FISCAL-YEAR-END>                          SEP-30-1995
<PERIOD-START>                             OCT-01-1994
<PERIOD-END>                               SEP-30-1995
<EXCHANGE-RATE>                                      1
<INVESTMENTS-AT-COST>                            20197
<INVESTMENTS-AT-VALUE>                           20874
<RECEIVABLES>                                      866
<ASSETS-OTHER>                                     678
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                                   22418
<PAYABLE-FOR-SECURITIES>                           669
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                           54
<TOTAL-LIABILITIES>                                723
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                         20425
<SHARES-COMMON-STOCK>                              506
<SHARES-COMMON-PRIOR>                              368
<ACCUMULATED-NII-CURRENT>                          136
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                            202
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                           931
<NET-ASSETS>                                     21694
<DIVIDEND-INCOME>                                  446
<INTEREST-INCOME>                                   11
<OTHER-INCOME>                                    (39)
<EXPENSES-NET>                                     509
<NET-INVESTMENT-INCOME>                           (91)
<REALIZED-GAINS-CURRENT>                           419
<APPREC-INCREASE-CURRENT>                           96
<NET-CHANGE-FROM-OPS>                              424
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                            0
<DISTRIBUTIONS-OF-GAINS>                            84
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                            367
<NUMBER-OF-SHARES-REDEEMED>                        237
<SHARES-REINVESTED>                                  8
<NET-CHANGE-IN-ASSETS>                            1473
<ACCUMULATED-NII-PRIOR>                              0
<ACCUMULATED-GAINS-PRIOR>                          502
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                              457
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                    509
<AVERAGE-NET-ASSETS>                             22938
<PER-SHARE-NAV-BEGIN>                            10.75
<PER-SHARE-NII>                                  (.12)
<PER-SHARE-GAIN-APPREC>                            .30
<PER-SHARE-DIVIDEND>                                 0
<PER-SHARE-DISTRIBUTIONS>                          .19
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              10.74
<EXPENSE-RATIO>                                    3.0
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        

</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000088525
<NAME> SECURITY EQUITY FUND
<SERIES>
   <NUMBER> 5
   <NAME> ASSET ALLOCATION SERIES, CLASS A
<MULTIPLIER> 1000
<CURRENCY> US DOLLARS
       
<S>                             <C>
<PERIOD-TYPE>                   YEAR
<FISCAL-YEAR-END>                          SEP-30-1995
<PERIOD-START>                             OCT-01-1994
<PERIOD-END>                               SEP-30-1995
<EXCHANGE-RATE>                                      1
<INVESTMENTS-AT-COST>                             3340
<INVESTMENTS-AT-VALUE>                            3430
<RECEIVABLES>                                       26
<ASSETS-OTHER>                                       1
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                                    3457
<PAYABLE-FOR-SECURITIES>                             0
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                           22
<TOTAL-LIABILITIES>                                 22
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                          3283
<SHARES-COMMON-STOCK>                              181
<SHARES-COMMON-PRIOR>                                0
<ACCUMULATED-NII-CURRENT>                           14
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                             62
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                            76
<NET-ASSETS>                                      3435
<DIVIDEND-INCOME>                                    7
<INTEREST-INCOME>                                   32
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                      25
<NET-INVESTMENT-INCOME>                             14
<REALIZED-GAINS-CURRENT>                            62
<APPREC-INCREASE-CURRENT>                           76
<NET-CHANGE-FROM-OPS>                              152
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                            0
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                            184
<NUMBER-OF-SHARES-REDEEMED>                          3
<SHARES-REINVESTED>                                  0
<NET-CHANGE-IN-ASSETS>                            1906
<ACCUMULATED-NII-PRIOR>                              0
<ACCUMULATED-GAINS-PRIOR>                            0
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                               10
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                     25
<AVERAGE-NET-ASSETS>                              3057
<PER-SHARE-NAV-BEGIN>                            10.00
<PER-SHARE-NII>                                    .04
<PER-SHARE-GAIN-APPREC>                            .50
<PER-SHARE-DIVIDEND>                                 0
<PER-SHARE-DISTRIBUTIONS>                            0
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              10.54
<EXPENSE-RATIO>                                    2.0
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        

</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000088525
<NAME> SECURITY EQUITY FUND
<SERIES>
   <NUMBER> 6
   <NAME> ASSET ALLOCATION SERIES, CLASS B
<MULTIPLIER> 1000
<CURRENCY> US DOLLARS
       
<S>                             <C>
<PERIOD-TYPE>                   YEAR
<FISCAL-YEAR-END>                          SEP-30-1995
<PERIOD-START>                             OCT-01-1994
<PERIOD-END>                               SEP-30-1995
<EXCHANGE-RATE>                                      1
<INVESTMENTS-AT-COST>                             3340
<INVESTMENTS-AT-VALUE>                            3430
<RECEIVABLES>                                       26
<ASSETS-OTHER>                                       1
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                                    3457
<PAYABLE-FOR-SECURITIES>                             0
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                           22
<TOTAL-LIABILITIES>                                 22
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                          3283
<SHARES-COMMON-STOCK>                              146
<SHARES-COMMON-PRIOR>                                0
<ACCUMULATED-NII-CURRENT>                           14
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                             62
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                            76
<NET-ASSETS>                                      3435
<DIVIDEND-INCOME>                                    7
<INTEREST-INCOME>                                   32
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                      25
<NET-INVESTMENT-INCOME>                             14
<REALIZED-GAINS-CURRENT>                            62
<APPREC-INCREASE-CURRENT>                           76
<NET-CHANGE-FROM-OPS>                              152
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                            0
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                            184
<NUMBER-OF-SHARES-REDEEMED>                          0
<SHARES-REINVESTED>                                  0
<NET-CHANGE-IN-ASSETS>                            1529
<ACCUMULATED-NII-PRIOR>                              0
<ACCUMULATED-GAINS-PRIOR>                            0
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                               10
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                     25
<AVERAGE-NET-ASSETS>                              3057
<PER-SHARE-NAV-BEGIN>                            10.00
<PER-SHARE-NII>                                    .01
<PER-SHARE-GAIN-APPREC>                            .49
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<EXPENSE-RATIO>                                    3.0
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</TABLE>


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