SECURITY GROWTH & INCOME FUND/KS/
NSAR-A, 1996-05-28
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<PAGE>      PAGE  1
000 A000000 03/31/96
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 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 PERSHING & COMPANY
020 B000001 13-2741729
020 C000001     16
020 A000002 PRUDENTIAL SECURITIES, INC.
020 B000002 22-2347336
020 C000002      5
020 A000003 SALOMON BROTHERS, INC.
020 B000003 13-3082694
020 C000003      4
020 A000004 OFG FINANCIAL SERVICES, INC.
020 B000004 48-0759751
020 C000004      4
020 A000005 BAUM (GEORGE K.) & COMPANY
020 B000005 44-0522232
020 C000005      4
020 A000006 ALLIED RESEARCH SERVICES, INC.
020 B000006 75-1872581
020 C000006      2
020 A000007 BRIDGE TRADING COMPANY
020 B000007 43-1450530
020 C000007      2
020 A000008 LAWRENCE (C.J.) MORGAN GRENFELL, INC.
020 B000008 13-2730828
020 C000008      2
020 A000009 WILLIAMS MACKEY JORDAN & COMPANY, INC.
020 B000009 76-0317033
020 C000009      2
020 A000010 WERTHEIM SCHRODER & COMPANY, INC.
020 B000010 13-2697272
<PAGE>      PAGE  3
020 C000010      2
021  000000       65
022 A000001 MERRILL LYNCH
022 B000001 13-5674085
022 C000001     28614
022 D000001      4784
022 A000002 SECURITY EQUITY FUND
022 B000002 48-6104426
022 C000002      3855
022 D000002      1998
022 A000003 SECURITY CASH FUND
022 B000003 48-0911935
022 C000003      2593
022 D000003         0
022 A000004 FIRST BOSTON CORPORATION (THE)
022 B000004 13-5659485
022 C000004      2495
022 D000004         0
022 A000005 SBL FUND J
022 B000005 48-1121049
022 C000005         0
022 D000005      1867
022 A000006 SBL FUND A
022 B000006 48-0873454
022 C000006      1497
022 D000006       200
022 A000007 SMITH, BARNEY, HARRIS, UPHAM & COMPANY, INC.
022 B000007 13-1912900
022 C000007       533
022 D000007      1070
022 A000008 NATIONS BANK
022 B000008 75-0520130
022 C000008       528
022 D000008       506
022 A000009 SBL FUND S
022 B000009 48-1106689
022 C000009      1000
022 D000009         0
022 A000010 SBL FUND B
022 B000010 48-0873454
022 C000010         0
022 D000010       998
023 C000000      43038
023 D000000      11538
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<PAGE>      PAGE  4
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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> U.S. DOLLARS
       
<S>                             <C>
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          SEP-30-1995
<PERIOD-START>                             OCT-01-1995
<PERIOD-END>                               MAR-31-1996
<EXCHANGE-RATE>                                      1
<INVESTMENTS-AT-COST>                            58081
<INVESTMENTS-AT-VALUE>                           70500
<RECEIVABLES>                                     1022
<ASSETS-OTHER>                                    1057
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                                   72579
<PAYABLE-FOR-SECURITIES>                             0
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                          103
<TOTAL-LIABILITIES>                                103
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                         56418
<SHARES-COMMON-STOCK>                             8395
<SHARES-COMMON-PRIOR>                             8502
<ACCUMULATED-NII-CURRENT>                          158
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                           3481
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                         12419
<NET-ASSETS>                                     72476
<DIVIDEND-INCOME>                                  509
<INTEREST-INCOME>                                  683
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                     460
<NET-INVESTMENT-INCOME>                            732
<REALIZED-GAINS-CURRENT>                          3848
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<NET-CHANGE-FROM-OPS>                             7350
<EQUALIZATION>                                       0
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<PER-SHARE-NAV-BEGIN>                             7.93
<PER-SHARE-NII>                                    .09
<PER-SHARE-GAIN-APPREC>                           .765
<PER-SHARE-DIVIDEND>                               .07
<PER-SHARE-DISTRIBUTIONS>                         .275
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                               8.44
<EXPENSE-RATIO>                                   2.09
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<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> U.S. DOLLARS
       
<S>                             <C>
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          SEP-30-1995
<PERIOD-START>                             OCT-01-1995
<PERIOD-END>                               MAR-31-1996
<EXCHANGE-RATE>                                      1
<INVESTMENTS-AT-COST>                            58081
<INVESTMENTS-AT-VALUE>                           70500
<RECEIVABLES>                                     1022
<ASSETS-OTHER>                                    1057
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                                   72579
<PAYABLE-FOR-SECURITIES>                             0
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                          103
<TOTAL-LIABILITIES>                                103
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                         56418
<SHARES-COMMON-STOCK>                              196
<SHARES-COMMON-PRIOR>                              144
<ACCUMULATED-NII-CURRENT>                          158
<OVERDISTRIBUTION-NII>                               0
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<NET-ASSETS>                                     72476
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<AVG-DEBT-PER-SHARE>                                 0
        

</TABLE>


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