SECURITY GROWTH & INCOME FUND/KS/
NSAR-B, 1995-11-27
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<PAGE>      PAGE  1
000 B000000 09/30/95
000 C000000 0000088565
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 GROWTH AND INCOME FUND
001 B000000 811-0487
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
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007 C010500  5
007 C010600  6
007 C010700  7
007 C010800  8
007 C010900  9
007 C011000 10
008 A000001 SECURITY MANAGEMENT COMPANY
008 B000001 A
008 C000001 801-8008
008 D010001 TOPEKA
008 D020001 KS
008 D030001 66636
008 D040001 0001
010 A000001 SECURITY MANAGEMENT COMPANY
010 B000001 811-8008
010 C010001 TOPEKA
010 C020001 KS
010 C030001 66636
010 C040001 0001
011 A000001 SECURITY DISTRIBUTORS, INC.
011 B000001 8-10781
011 C010001 TOPEKA
011 C020001 KS
011 C030001 66636
<PAGE>      PAGE  2
011 C040001 0001
012 A000001 SECURITY MANAGEMENT COMPANY
012 B000001 84-01497
012 C010001 TOPEKA
012 C020001 KS
012 C030001 66636
012 C040001 0001
013 A000001 ERNST & YOUNG, LLP
013 B010001 KANSAS CITY
013 B020001 MO
013 B030001 64105
013 B040001 2143
015 A000001 UMB BANK, N.A.
015 B000001 C
015 C010001 KANSAS CITY
015 C020001 MO
015 C030001 64106
015 E010001 X
018  000000 Y
019 A000000 Y
019 B000000   22
019 C000000 SECURITYFU
020 A000001 OPPENHEIMER & COMPANY, INC.
020 B000001 13-2798343
020 C000001     23
020 A000002 DONALDSON, LUFKIN & JENRETTE SECURITIES
020 B000002 13-2741729
020 C000002     21
020 A000003 PERSHING & COMPANY
020 B000003 13-2741729
020 C000003     18
020 A000004 SALOMON BROTHERS, INC.
020 B000004 13-3082694
020 C000004     13
020 A000005 PAINE WEBBER, INC.
020 B000005 13-2638166
020 C000005     12
020 A000006 GOLDMAN, SACHS & COMPANY, INC.
020 B000006 13-5108880
020 C000006     12
020 A000007 DAIN BOSWORTH, INC.
020 B000007 41-0212020
020 C000007     11
020 A000008 BAUM (GEORGE K.) & COMPANY
020 B000008 44-0522232
020 C000008     11
020 A000009 MORGAN STANLEY & COMPANY, INC.
020 B000009 13-2655998
020 C000009     11
020 A000010 BRIDGE TRADING COMPANY
020 B000010 43-1450530
<PAGE>      PAGE  3
020 C000010      9
021  000000      257
022 A000001 MERRILL LYNCH
022 B000001 13-5674085
022 C000001    103490
022 D000001      2401
022 A000002 FIRST CORPORATION (THE)
022 B000002 13-5659485
022 C000002     26609
022 D000002         0
022 A000003 SECURITY ULTRA FUND
022 B000003 48-0720145
022 C000003      7587
022 D000003      5593
022 A000004 SBL FUND B
022 B000004 48-1054156
022 C000004      2995
022 D000004      6192
022 A000005 SBL FUND J
022 B000005 48-1121049
022 C000005      3793
022 D000005      3357
022 A000006 MORGAN STANLEY & COMPANY, INC.
022 B000006 13-2655998
022 C000006      5193
022 D000006      1458
022 A000007 SECURITY EQUITY FUND
022 B000007 48-6104426
022 C000007      2993
022 D000007      3497
022 A000008 SBL FUND A
022 B000008 48-0873454
022 C000008      1598
022 D000008      1595
022 A000009 SBL FUND S
022 B000009 48-1106689
022 C000009      4189
022 D000009      1995
022 A000010 GOLDMAN SACHS & COMPANY, INC.
022 B000010 13-5108880
022 C000010      1723
022 D000010      3804
023 C000000     176976
023 D000000      44358
024  000000 N
025 D000001       0
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025 D000003       0
025 D000004       0
025 D000005       0
025 D000006       0
<PAGE>      PAGE  4
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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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<PAGE>      PAGE  9
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SIGNATURE   JAMES R. SCHMANK                             
TITLE       V.P. & TREASURER    
 


<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000088565
<NAME> SECURITY GROWTH AND INCOME FUND
<SERIES>
   <NUMBER> 1
   <NAME> 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>                            58172
<INVESTMENTS-AT-VALUE>                           67821
<RECEIVABLES>                                      371
<ASSETS-OTHER>                                     446
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                                   68638
<PAYABLE-FOR-SECURITIES>                             0
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                           78
<TOTAL-LIABILITIES>                                 78
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                         56925
<SHARES-COMMON-STOCK>                             8502
<SHARES-COMMON-PRIOR>                             9385
<ACCUMULATED-NII-CURRENT>                           17
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                           1969
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                          9649
<NET-ASSETS>                                     68560
<DIVIDEND-INCOME>                                  948
<INTEREST-INCOME>                                 1307
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                     848
<NET-INVESTMENT-INCOME>                           1407
<REALIZED-GAINS-CURRENT>                          1984
<APPREC-INCREASE-CURRENT>                         8483
<NET-CHANGE-FROM-OPS>                            11874
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                         1378
<DISTRIBUTIONS-OF-GAINS>                          1913
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                            380
<NUMBER-OF-SHARES-REDEEMED>                       1698
<SHARES-REINVESTED>                                435
<NET-CHANGE-IN-ASSETS>                            2102
<ACCUMULATED-NII-PRIOR>                             87
<ACCUMULATED-GAINS-PRIOR>                         1992
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                              839
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                    848
<AVERAGE-NET-ASSETS>                             63991
<PER-SHARE-NAV-BEGIN>                             6.96
<PER-SHARE-NII>                                    .16
<PER-SHARE-GAIN-APPREC>                          1.183
<PER-SHARE-DIVIDEND>                              .158
<PER-SHARE-DISTRIBUTIONS>                         .215
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                               7.93
<EXPENSE-RATIO>                                   1.31
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        

</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000088565
<NAME> SECURITY GROWTH AND INCOME FUND
<SERIES>
   <NUMBER> 2
   <NAME> 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>                            58172
<INVESTMENTS-AT-VALUE>                           67821
<RECEIVABLES>                                      371
<ASSETS-OTHER>                                     446
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                                   68638
<PAYABLE-FOR-SECURITIES>                             0
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                           78
<TOTAL-LIABILITIES>                                 78
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                         56925
<SHARES-COMMON-STOCK>                              144
<SHARES-COMMON-PRIOR>                               97
<ACCUMULATED-NII-CURRENT>                           17
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                           1969
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                          9649
<NET-ASSETS>                                     68560
<DIVIDEND-INCOME>                                  948
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<OTHER-INCOME>                                       0
<EXPENSES-NET>                                     848
<NET-INVESTMENT-INCOME>                           1407
<REALIZED-GAINS-CURRENT>                          1984
<APPREC-INCREASE-CURRENT>                         8483
<NET-CHANGE-FROM-OPS>                            11874
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                           12
<DISTRIBUTIONS-OF-GAINS>                            24
<DISTRIBUTIONS-OTHER>                                0
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<NUMBER-OF-SHARES-REDEEMED>                         49
<SHARES-REINVESTED>                                  5
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<ACCUMULATED-NII-PRIOR>                             87
<ACCUMULATED-GAINS-PRIOR>                         1992
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
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<GROSS-EXPENSE>                                    848
<AVERAGE-NET-ASSETS>                             63991
<PER-SHARE-NAV-BEGIN>                             6.90
<PER-SHARE-NII>                                    .08
<PER-SHARE-GAIN-APPREC>                          1.179
<PER-SHARE-DIVIDEND>                              .094
<PER-SHARE-DISTRIBUTIONS>                         .215
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                               7.85
<EXPENSE-RATIO>                                   2.31
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        

</TABLE>


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