<PAGE> PAGE 1
000 B000000 07/31/97
000 C000000 0000088537
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 SECURITY FIRST TRUST
001 B000000 811-2480
001 C000000 3103126100
002 A000000 11365 WEST OLYMPIC BOULEVARD
002 B000000 LOS ANGELES
002 C000000 CA
002 D010000 90064
003 000000 N
004 000000 N
005 000000 N
006 000000 N
007 A000000 Y
007 B000000 4
007 C010100 1
007 C020100 BOND SERIES
007 C030100 N
007 C010200 2
007 C020200 T. ROWE PRICE GROWTH AND INCOME SERIES
007 C030200 N
007 C010300 3
007 C020300 VIRTUS EQUITY SERIES
007 C030300 N
007 C010400 4
007 C020400 VIRTUS U.S. GOVERNMENT INCOME SERIES
007 C030400 N
007 C010500 5
007 C010600 6
007 C010700 7
007 C010800 8
007 C010900 9
007 C011000 10
020 A000001 MORGAN STANLEY DEAN WITTER
020 B000001 13-2655998
020 C000001 10
020 A000002 ABEL NOSER CORP.
020 B000002 13-283308
020 C000002 10
020 A000003 ROBERT W. BAIRD
020 B000003 39-6037917
020 C000003 8
020 A000004 MORGAN J.P. SECURITIES
020 B000004 13-3224016
<PAGE> PAGE 2
020 C000004 8
020 A000005 DONALDSON LUFKIN JERETTE
020 B000005 13-2741729
020 C000005 8
020 A000006 OPPENHINER CO.
020 B000006 13-2798343
020 C000006 6
020 A000007 BARRINGTON RESEARCH ASSOC. INC.
020 B000007 36-3241913
020 C000007 5
020 A000008 WILLIAM BLAIR
020 B000008 13-3135231
020 C000008 4
020 A000009 BEAR STEARNS
020 B000009 95-2877477
020 C000009 4
020 A000010 ALLEN AND CO.
020 B000010 13-6176976
020 C000010 4
021 000000 88
022 A000001 GOLDMAN SACHS
022 B000001 13-5108880
022 C000001 156252
022 D000001 8275
022 A000002 CHASE SECURITIES INC.
022 B000002 13-3112953
022 C000002 45463
022 D000002 285
022 A000003 FIRST BOSTON
022 B000003 13-2969143
022 C000003 42111
022 D000003 0
022 A000004 LEHMEN BROTHERS INC.
022 B000004 13-2518466
022 C000004 27348
022 D000004 0
022 A000005 TUCKER ANTHONY
022 B000005 04-2566229
022 C000005 19471
022 D000005 5219
022 A000006 B.T. SECURITIES
022 B000006 13-2943614
022 C000006 4995
022 D000006 0
022 A000007 MORGAN STANLEY DEAN WITTER
022 B000007 13-2655998
022 C000007 4499
022 D000007 0
022 A000008 MERRILL LYNCH
022 B000008 13-5674085
022 C000008 3976
<PAGE> PAGE 3
022 D000008 602
022 A000009 MORGAN J.P. SECURITIES
022 B000009 13-3224016
022 C000009 2119
022 D000009 0
022 A000010 SMITH BARNEY SHEARSON INC.
022 B000010 13-1912900
022 C000010 1743
022 D000010 0
023 C000000 316536
023 D000000 17058
077 A000000 Y
077 B000000 Y
080 A00AA00 CHUBB GROUP OF INSURANCE COMPANIES
080 C00AA00 1500
081 A00AA00 N
081 B00AA00 0
082 A00AA00 Y
082 B00AA00 10
083 B00AA00 0
084 B00AA00 0
086 A010000 0
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
062 A000100 Y
062 B000100 0.0
062 C000100 0.5
062 D000100 0.0
062 E000100 0.0
062 F000100 0.0
062 G000100 0.0
062 H000100 0.0
062 I000100 4.3
062 J000100 0.0
062 K000100 0.0
062 L000100 0.0
062 M000100 42.7
062 N000100 27.1
062 O000100 0.0
062 P000100 25.4
062 Q000100 0.0
062 R000100 0.0
<PAGE> PAGE 4
071 A000100 5766
071 B000100 4865
071 C000100 8995
071 D000100 54
072 A000100 12
074 N000100 10649
074 T000100 10635
075 A000100 0
075 B000100 9734
062 A000200 N
062 B000200 0.0
062 C000200 0.0
062 D000200 0.0
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 0.0
062 M000200 0.0
062 N000200 0.0
062 O000200 0.0
062 P000200 0.0
062 Q000200 0.0
062 R000200 0.0
071 A000200 53277
071 B000200 17502
071 C000200 124319
071 D000200 14
072 A000200 12
074 N000200 205311
074 T000200 204703
075 A000200 0
075 B000200 149727
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
<PAGE> PAGE 5
062 P000300 0.0
062 Q000300 0.0
062 R000300 0.0
071 A000300 31193
071 B000300 16853
071 C000300 30571
071 D000300 55
072 A000300 12
074 N000300 47609
074 T000300 47571
075 A000300 0
075 B000300 31219
062 A000400 Y
062 B000400 0.0
062 C000400 10.2
062 D000400 0.0
062 E000400 0.0
062 F000400 0.0
062 G000400 0.0
062 H000400 0.0
062 I000400 0.0
062 J000400 0.0
062 K000400 0.0
062 L000400 0.0
062 M000400 37.5
062 N000400 52.3
062 O000400 0.0
062 P000400 0.0
062 Q000400 0.0
062 R000400 0.0
071 A000400 22369
071 B000400 11322
071 C000400 18156
071 D000400 62
072 A000400 12
074 N000400 28919
074 T000400 28889
075 A000400 0
075 B000400 20581
SIGNATURE REGINA TAO
TITLE LEGAL ASSISTANT