GT GLOBAL VARIABLE INVESTMENT SERIES
NSAR-B, 1996-02-29
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<PAGE>      PAGE  1
000 B000000 12/31/95
000 C000000 0000887700
000 D000000 N
000 E000000 NF
000 F000000 Y
000 G000000 N
000 H000000 N
000 I000000 3.0
000 J000000 U
001 A000000 G.T. GLOBAL VARIABLE INVESTMENT SERIES
001 B000000 811-7166
001 C000000 4153926181
002 A000000 50 CALIFORNIA ST., 27TH FLOOR
002 B000000 SAN FRANCISCO
002 C000000 CA
002 D010000 94111
002 D020000 4625
003  000000 N
004  000000 N
005  000000 N
006  000000 N
007 A000000 Y
007 B000000  5
007 C010100  1
007 C020100 GT GLOBAL MONEY MARKET FUND
007 C030100 N
007 C010200  2
007 C020200 GT GLOBAL VARIABLE NEW PACIFIC FUND
007 C030200 N
007 C010300  3
007 C020300 GT GLOBAL VARIABLE EUROPE FUND
007 C030300 N
007 C010400  4
007 C020400 GT GLOBAL VARIABLE AMERICA FUND
007 C030400 N
007 C010500  5
007 C020500 GT GLOBAL VARIABLE INTERNATIONAL FUND
007 C030500 N
007 C010600  6
007 C010700  7
007 C010800  8
007 C010900  9
007 C011000 10
008 A00AA01 LGT ASSET MANAGEMENT, INC.
008 B00AA01 A
008 C00AA01 801-10254
008 D01AA01 SAN FRANCISCO
008 D02AA01 CA
008 D03AA01 94111
008 D04AA01 4625
010 A00AA01 LGT ASSET MANAGEMENT, INC.
<PAGE>      PAGE  2
010 B00AA01 801-10254
010 C01AA01 SAN FRANCISCO
010 C02AA01 CA
010 C03AA01 94111
010 C04AA01 4625
011 A00AA01 GT GLOBAL, INC.
011 B00AA01 8-37656
011 C01AA01 SAN FRANCISCO
011 C02AA01 CA
011 C03AA01 94111
011 C04AA01 4625
012 A00AA01 GT GLOBAL INVESTOR SERVICES, INC.
012 B00AA01 84-1848
012 C01AA01 SAN FRANCISCO
012 C02AA01 CA
012 C03AA01 94111
012 C04AA01 4625
013 A00AA01 COOPERS & LYBRAND
013 B01AA01 BOSTON
013 B02AA01 MA
013 B03AA01 02109
015 A00AA01 STATE STREET BANK & TRUST CO.
015 B00AA01 C
015 C01AA01 BOSTON
015 C02AA01 MA
015 C03AA01 02110
015 E01AA01 X
018  00AA00 Y
019 A00AA00 Y
019 B00AA00   14
019 C00AA00 GTVARFUNDS
020 A000001 INSTINET CORPORATION
020 C000001     23
020 A000002 W I CARR
020 C000002     15
020 A000003 UBS UNION BANK OF SWITZERLAND
020 C000003     11
020 A000004 MERRILL, LYNCH, PIERCE, FENNER & SMITH INC,
020 C000004     10
020 A000005 CREDIT LYONNAIS
020 C000005      7
020 A000006 ALFRED BERG
020 C000006      7
020 A000007 NATWEST SECURITIES
020 C000007      6
020 A000008 HG ASIA
020 C000008      6
020 A000009 BARCLAYS DE ZOETE WEDD
020 C000009      5
020 A000010 CROSBY SECURITIES
020 C000010      5
<PAGE>      PAGE  3
021  000000      182
022 A000001 STATE STREET BANK & TRUST COMPANY, N.A.
022 C000001   2067962
022 D000001       981
022 A000002 MERRILL LYNCH, PIERCE, FENNER, & SMITH, INC.
022 C000002     21267
022 D000002      1074
022 A000003 BANK OF AMERICA
022 C000003     21000
022 D000003         0
022 A000004 GOLDMAN SACHS & CO.
022 C000004     19371
022 D000004      1138
022 A000005 MORGAN STANLEY & CO. INC.
022 C000005      4780
022 D000005      1167
022 A000006 FORD MOTOR CREDIT
022 C000006      1985
022 D000006       250
022 A000007 LEHMAN BROTHERS
022 C000007      1105
022 D000007       103
022 A000008 BEAR, STEARNS SECURITIES CORP.
022 C000008       273
022 D000008       783
022 A000009 WARBURG SECURITIES
022 C000009       326
022 D000009       572
022 A000010 GE CAPITAL CREDIT CORP.
022 C000010       740
022 D000010        99
023 C000000    2145281
023 D000000      10770
026 A000000 Y
026 B000000 Y
026 C000000 N
026 D000000 Y
026 E000000 N
026 F000000 N
026 G010000 N
026 G020000 Y
026 H000000 Y
027  000000 Y
077 A000000 Y
077 B000000 Y
077 Q010000 Y
078  000000 N
080 A00AA00 CHUBB GROUP OF COMPANIES
080 C00AA00    21000
081 A00AA00 Y
081 B00AA00  48
<PAGE>      PAGE  4
082 A00AA00 Y
082 B00AA00       25
083 A00AA00 N
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084 A00AA00 N
084 B00AA00        0
085 A00AA00 Y
085 B00AA00 N
024  000100 N
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028 A020100        63
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028 B020100        60
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028 E010100     18640
028 E020100        71
028 E030100         0
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028 F020100        68
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028 F040100     17925
028 G010100    111582
028 G020100       387
028 G030100         0
028 G040100    112755
028 H000100         0
029  000100 N
030 A000100      0
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030 C000100  0.00
045  000100 Y
046  000100 N
047  000100 Y
048  000100  0.500
048 A010100        0
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048 C010100        0
<PAGE>      PAGE  5
048 C020100 0.000
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048 E010100        0
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048 I020100 0.000
048 J010100        0
048 J020100 0.000
048 K010100        0
048 K020100 0.000
055 A000100 Y
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056  000100 Y
057  000100 N
062 A000100 Y
062 B000100  13.1
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062 D000100  11.7
062 E000100   0.0
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064 A000100 Y
064 B000100 N
066 A000100 N
067  000100 N
068 A000100 N
068 B000100 N
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<PAGE>      PAGE  6
071 D000100    0
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072 U000100        6
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072 Y000100       49
072 Z000100      819
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072CC010100        0
072CC020100        0
072DD010100      819
072DD020100        0
072EE000100        0
073 A010100   0.0500
073 A020100   0.0000
073 B000100   0.0000
073 C000100   0.0000
074 A000100        0
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074 C000100    12097
074 D000100        0
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074 H000100        0
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074 J000100        0
074 K000100       17
074 L000100     1161
074 M000100       13
<PAGE>      PAGE  7
074 N000100    15029
074 O000100        0
074 P000100        1
074 Q000100        0
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074 R040100      137
074 S000100        0
074 T000100    14891
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074 U020100        0
074 V010100     1.00
074 V020100     0.00
074 W000100   1.0003
074 X000100        4
074 Y000100        0
075 A000100    15912
075 B000100        0
076  000100     0.00
024  000200 N
028 A010200      9603
028 A020200         0
028 A030200         0
028 A040200      9359
028 B010200     10132
028 B020200     14663
028 B030200         0
028 B040200     10012
028 C010200      7025
028 C020200         0
028 C030200         0
028 C040200      7331
028 D010200      9384
028 D020200         0
028 D030200         0
028 D040200      8564
028 E010200      7386
028 E020200         0
028 E030200         0
028 E040200      7168
028 F010200      9363
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028 F040200      8096
028 G010200     52893
028 G020200     14663
028 G030200         0
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028 H000200         0
045  000200 Y
<PAGE>      PAGE  8
046  000200 N
047  000200 Y
048  000200  1.000
048 A010200        0
048 A020200 0.000
048 B010200        0
048 B020200 0.000
048 C010200        0
048 C020200 0.000
048 D010200        0
048 D020200 0.000
048 E010200        0
048 E020200 0.000
048 F010200        0
048 F020200 0.000
048 G010200        0
048 G020200 0.000
048 H010200        0
048 H020200 0.000
048 I010200        0
048 I020200 0.000
048 J010200        0
048 J020200 0.000
048 K010200        0
048 K020200 0.000
055 A000200 N
055 B000200 N
056  000200 Y
057  000200 N
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
066 A000200 Y
066 B000200 N
066 C000200 N
066 D000200 Y
<PAGE>      PAGE  9
066 E000200 N
066 F000200 N
066 G000200 N
067  000200 N
068 A000200 N
068 B000200 Y
069  000200 N
070 A010200 Y
070 A020200 Y
070 B010200 Y
070 B020200 N
070 C010200 Y
070 C020200 N
070 D010200 Y
070 D020200 N
070 E010200 Y
070 E020200 N
070 F010200 Y
070 F020200 N
070 G010200 Y
070 G020200 N
070 H010200 Y
070 H020200 N
070 I010200 N
070 I020200 N
070 J010200 Y
070 J020200 Y
070 K010200 Y
070 K020200 Y
070 L010200 Y
070 L020200 Y
070 M010200 Y
070 M020200 Y
070 N010200 Y
070 N020200 Y
070 O010200 Y
070 O020200 N
070 P010200 Y
070 P020200 N
070 Q010200 N
070 Q020200 N
070 R010200 N
070 R020200 N
071 A000200     15204
071 B000200     11879
071 C000200     17863
071 D000200   67
072 A000200 12
072 B000200      131
072 C000200      458
072 D000200        0
<PAGE>      PAGE  10
072 E000200        0
072 F000200      204
072 G000200        0
072 H000200        0
072 I000200        0
072 J000200       40
072 K000200        0
072 L000200       26
072 M000200        4
072 N000200        1
072 O000200        0
072 P000200        0
072 Q000200        5
072 R000200       35
072 S000200        6
072 T000200        0
072 U000200        6
072 V000200        0
072 W000200        2
072 X000200      329
072 Y000200       96
072 Z000200      356
072AA000200        0
072BB000200     1511
072CC010200     1721
072CC020200        0
072DD010200       90
072DD020200        0
072EE000200        0
073 A010200   0.0600
073 A020200   0.0000
073 B000200   0.0000
073 C000200   0.0000
074 A000200     1922
074 B000200     1951
074 C000200        0
074 D000200        0
074 E000200      122
074 F000200    20567
074 G000200        0
074 H000200        0
074 I000200       61
074 J000200      298
074 K000200        0
074 L000200       83
074 M000200      826
074 N000200    25830
074 O000200     1900
074 P000200       41
074 Q000200        0
074 R010200        0
<PAGE>      PAGE  11
074 R020200        0
074 R030200        0
074 R040200      864
074 S000200        0
074 T000200    23025
074 U010200     1654
074 U020200        0
074 V010200    13.92
074 V020200     0.00
074 W000200   0.0000
074 X000200        4
074 Y000200        0
075 A000200        0
075 B000200    21115
076  000200     0.00
024  000300 N
028 A010300      3872
028 A020300         0
028 A030300         0
028 A040300      3545
028 B010300      4508
028 B020300         0
028 B030300         0
028 B040300      5029
028 C010300      6050
028 C020300         0
028 C030300         0
028 C040300      6287
028 D010300      4864
028 D020300         0
028 D030300         0
028 D040300      4153
028 E010300      7948
028 E020300         0
028 E030300         0
028 E040300      8615
028 F010300      3902
028 F020300         0
028 F030300         0
028 F040300      4260
028 G010300     31144
028 G020300         0
028 G030300         0
028 G040300     31889
028 H000300         0
055 A000300 Y
055 B000300 N
056  000300 Y
057  000300 N
062 A000300 N
062 B000300   0.0
<PAGE>      PAGE  12
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
062 P000300   0.0
062 Q000300   0.0
062 R000300   0.0
066 A000300 Y
066 B000300 N
066 C000300 N
066 D000300 Y
066 E000300 N
066 F000300 N
066 G000300 N
067  000300 N
068 A000300 N
068 B000300 Y
069  000300 N
070 A010300 Y
070 A020300 Y
070 B010300 Y
070 B020300 N
070 C010300 Y
070 C020300 Y
070 D010300 Y
070 D020300 N
070 E010300 Y
070 E020300 N
070 F010300 Y
070 F020300 N
070 G010300 Y
070 G020300 N
070 H010300 Y
070 H020300 N
070 I010300 N
070 I020300 N
070 J010300 Y
070 J020300 N
070 K010300 Y
070 K020300 N
070 L010300 Y
070 L020300 Y
<PAGE>      PAGE  13
070 M010300 Y
070 M020300 Y
070 N010300 Y
070 N020300 Y
070 O010300 Y
070 O020300 N
070 P010300 Y
070 P020300 N
070 Q010300 N
070 Q020300 N
070 R010300 N
070 R020300 N
071 A000300     17616
071 B000300     18115
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071 D000300  123
072 A000300 12
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072 J000300       28
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072AA000300        0
072BB000300      670
072CC010300     1936
072CC020300        0
072DD010300      154
072DD020300        0
072EE000300        0
073 A010300   0.1600
073 A020300   0.0000
<PAGE>      PAGE  14
073 B000300   0.0000
073 C000300   0.0000
074 A000300      630
074 B000300        0
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074 E000300        0
074 F000300    14494
074 G000300        0
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074 I000300      228
074 J000300      409
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074 L000300       57
074 M000300      573
074 N000300    16391
074 O000300      116
074 P000300       13
074 Q000300        0
074 R010300        0
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074 R030300        0
074 R040300      621
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074 T000300    15641
074 U010300      947
074 U020300        0
074 V010300    16.52
074 V020300     0.00
074 W000300   0.0000
074 X000300        3
074 Y000300        0
075 A000300        0
075 B000300    15800
076  000300     0.00
024  000400 N
028 A010400      4724
028 A020400         0
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028 A040400      3948
028 B010400      6778
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028 B030400         0
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028 C020400         0
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<PAGE>      PAGE  15
028 D040400     10480
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028 E040400      7163
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028 F020400         0
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028 F040400      6858
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055 A000400 N
055 B000400 N
056  000400 Y
057  000400 N
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062 C000400   0.0
062 D000400   0.0
062 E000400   0.0
062 F000400   0.0
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066 A000400 Y
066 B000400 N
066 C000400 N
066 D000400 Y
066 E000400 N
066 F000400 N
066 G000400 N
067  000400 N
068 A000400 N
068 B000400 N
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070 A010400 Y
070 A020400 Y
070 B010400 Y
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<PAGE>      PAGE  16
070 C010400 Y
070 C020400 N
070 D010400 Y
070 D020400 N
070 E010400 Y
070 E020400 N
070 F010400 Y
070 F020400 N
070 G010400 Y
070 G020400 N
070 H010400 Y
070 H020400 N
070 I010400 N
070 I020400 N
070 J010400 Y
070 J020400 Y
070 K010400 Y
070 K020400 N
070 L010400 Y
070 L020400 N
070 M010400 Y
070 M020400 N
070 N010400 Y
070 N020400 N
070 O010400 Y
070 O020400 N
070 P010400 Y
070 P020400 N
070 Q010400 N
070 Q020400 N
070 R010400 N
070 R020400 N
071 A000400     31633
071 B000400     16748
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071 D000400   79
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<PAGE>      PAGE  17
072 P000400        0
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073 A010400   0.0700
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073 C000400   0.0000
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074 U010400     1935
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074 V010400    19.46
074 V020400     0.00
074 W000400   0.0000
074 X000400        3
<PAGE>      PAGE  18
074 Y000400        0
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076  000400     0.00
024  000500 Y
025 A000501 BARCLAYS PLC
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<PAGE>      PAGE  19
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062 H000500   0.0
062 I000500   0.0
062 J000500   0.0
062 K000500   0.0
062 L000500   0.0
062 M000500   0.0
062 N000500   0.0
062 O000500   0.0
062 P000500   0.0
062 Q000500   0.0
062 R000500   0.0
066 A000500 Y
066 B000500 N
066 C000500 N
066 D000500 Y
066 E000500 N
066 F000500 N
066 G000500 N
067  000500 N
068 A000500 N
068 B000500 Y
069  000500 N
070 A010500 Y
070 A020500 Y
070 B010500 Y
070 B020500 N
070 C010500 Y
070 C020500 N
070 D010500 Y
070 D020500 N
070 E010500 Y
070 E020500 N
070 F010500 Y
070 F020500 N
070 G010500 Y
070 G020500 N
070 H010500 Y
070 H020500 N
070 I010500 N
070 I020500 N
070 J010500 Y
070 J020500 Y
070 K010500 Y
070 K020500 N
070 L010500 Y
070 L020500 Y
070 M010500 Y
<PAGE>      PAGE  20
070 M020500 Y
070 N010500 Y
070 N020500 Y
070 O010500 Y
070 O020500 Y
070 P010500 Y
070 P020500 N
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070 Q020500 N
070 R010500 N
070 R020500 N
071 A000500      4596
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072 F000500       33
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072 L000500       26
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072 U000500        0
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072 Z000500       30
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073 A010500   0.0900
073 A020500   0.0000
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<PAGE>      PAGE  21
073 C000500   0.0000
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074 B000500      432
074 C000500        0
074 D000500        0
074 E000500        0
074 F000500     3468
074 G000500        0
074 H000500        0
074 I000500        1
074 J000500        2
074 K000500       46
074 L000500      152
074 M000500       72
074 N000500     4366
074 O000500       64
074 P000500        0
074 Q000500        0
074 R010500        0
074 R020500        0
074 R030500        0
074 R040500      639
074 S000500        0
074 T000500     3663
074 U010500      333
074 U020500        0
074 V010500    11.01
074 V020500     0.00
074 W000500   0.0000
074 X000500        4
074 Y000500        0
075 A000500        0
075 B000500     3466
076  000500     0.00
SIGNATURE   PAMELA RUDDOCK                               
TITLE       ASSISTANT TREASURER 
 


<TABLE> <S> <C>

<ARTICLE> 6
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE FUND'S
ANNUAL FINANCIAL STATEMENTS AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE
TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
<CIK> 0000887700
<NAME> G.T. GLOBAL VARIABLE INVESTMENT SERIES
<SERIES>
   <NUMBER> 010
   <NAME> GT GLOBAL MONEY MARKET FUND
<MULTIPLIER> 1000
       
<S>                             <C>
<PERIOD-TYPE>                   YEAR
<FISCAL-YEAR-END>                          DEC-31-1995
<PERIOD-START>                             JAN-01-1995
<PERIOD-END>                               DEC-31-1995
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<ASSETS-OTHER>                                      13
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<SHARES-COMMON-STOCK>                            14891
<SHARES-COMMON-PRIOR>                                0
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<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                             0
<NET-ASSETS>                                     14891
<DIVIDEND-INCOME>                                    0
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<OTHER-INCOME>                                       0
<EXPENSES-NET>                                     119
<NET-INVESTMENT-INCOME>                            819
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<NET-CHANGE-FROM-OPS>                              819
<EQUALIZATION>                                       0
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<NUMBER-OF-SHARES-REDEEMED>                   (184254)
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<PER-SHARE-NAV-BEGIN>                            1.000
<PER-SHARE-NII>                                   .050
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<PER-SHARE-NAV-END>                              1.000
<EXPENSE-RATIO>                                   .750
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</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE FUND'S
ANNUAL FINANCIAL STATEMENTS AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE
TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
<CIK> 0000887700
<NAME> G.T. GLOBAL VARIABLE INVESTMENT SERIES
<SERIES>
   <NUMBER> 020
   <NAME> GT GLOBAL VARIABLE NEW PACIFIC FUND
<MULTIPLIER> 1000
       
<S>                             <C>
<PERIOD-TYPE>                   YEAR
<FISCAL-YEAR-END>                          DEC-31-1995
<PERIOD-START>                             JAN-01-1995
<PERIOD-END>                               DEC-31-1995
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<ASSETS-OTHER>                                    2750
<OTHER-ITEMS-ASSETS>                                 0
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<PAYABLE-FOR-SECURITIES>                          1900
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<SHARES-COMMON-STOCK>                             1654
<SHARES-COMMON-PRIOR>                                0
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<DIVIDEND-INCOME>                                  458
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<OTHER-INCOME>                                       0
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<PER-SHARE-NII>                                   .200
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<PER-SHARE-NAV-END>                             13.920
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</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE FUND'S
ANNUAL FINANCIAL STATEMENTS AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE
TO SUCH FINANCIAL STATEMENT.
</LEGEND>
<CIK> 0000887700
<NAME> G.T. GLOBAL VARIABLE INVESTMENT SERIRES
<SERIES>
   <NUMBER> 030
   <NAME> GT GLOBAL VARIABLE EUROPE FUND
<MULTIPLIER> 1000
       
<S>                             <C>
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<PERIOD-END>                               DEC-31-1995
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<PAID-IN-CAPITAL-COMMON>                         14269
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<SHARES-COMMON-PRIOR>                                0
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<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                          2059
<NET-ASSETS>                                     15641
<DIVIDEND-INCOME>                                  313
<INTEREST-INCOME>                                   42
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                   (183)
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<NET-CHANGE-FROM-OPS>                             1438
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                        (154)
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                           2497
<NUMBER-OF-SHARES-REDEEMED>                     (2548)
<SHARES-REINVESTED>                                 10
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<ACCUMULATED-NII-PRIOR>                              0
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<OVERDISTRIB-NII-PRIOR>                              0
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<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                    263
<AVERAGE-NET-ASSETS>                             15800
<PER-SHARE-NAV-BEGIN>                           15.220
<PER-SHARE-NII>                                   .180
<PER-SHARE-GAIN-APPREC>                          1.280
<PER-SHARE-DIVIDEND>                            (.160)
<PER-SHARE-DISTRIBUTIONS>                            0
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                             16.520
<EXPENSE-RATIO>                                  1.200
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<AVG-DEBT-PER-SHARE>                                 0
        

</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE FUND'S
ANNUAL FINANCIAL STATEMENTS AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE
TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
<CIK> 0000887700
<NAME> G.T. GLOBAL VARIABLE INVESTMENT SERIES
<SERIES>
   <NUMBER> 040
   <NAME> GT GLOBAL VARIABLE AMERICA FUND
<MULTIPLIER> 1000
       
<S>                             <C>
<PERIOD-TYPE>                   YEAR
<FISCAL-YEAR-END>                          DEC-31-1995
<PERIOD-START>                             JAN-01-1995
<PERIOD-END>                               DEC-31-1995
<INVESTMENTS-AT-COST>                            39265
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<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                         31793
<SHARES-COMMON-STOCK>                             1935
<SHARES-COMMON-PRIOR>                                0
<ACCUMULATED-NII-CURRENT>                          522
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<ACCUMULATED-NET-GAINS>                           4749
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                           579
<NET-ASSETS>                                     37643
<DIVIDEND-INCOME>                                  218
<INTEREST-INCOME>                                  619
<OTHER-INCOME>                                      47
<EXPENSES-NET>                                     315
<NET-INVESTMENT-INCOME>                            522
<REALIZED-GAINS-CURRENT>                          4770
<APPREC-INCREASE-CURRENT>                           97
<NET-CHANGE-FROM-OPS>                             5389
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                        (118)
<DISTRIBUTIONS-OF-GAINS>                         (488)
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                           3800
<NUMBER-OF-SHARES-REDEEMED>                     (2862)
<SHARES-REINVESTED>                                 31
<NET-CHANGE-IN-ASSETS>                           22386
<ACCUMULATED-NII-PRIOR>                              0
<ACCUMULATED-GAINS-PRIOR>                            0
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
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<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                    334
<AVERAGE-NET-ASSETS>                             38261
<PER-SHARE-NAV-BEGIN>                           15.810
<PER-SHARE-NII>                                   .210
<PER-SHARE-GAIN-APPREC>                          3.800
<PER-SHARE-DIVIDEND>                            (.070)
<PER-SHARE-DISTRIBUTIONS>                       (.290)
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                             19.460
<EXPENSE-RATIO>                                  1.000
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        

</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE FUND'S
ANNUAL FINANCIAL STATEMENTS AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE
TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
<CIK> 0000887700
<NAME> G.T. GLOBAL VARIABLE INVESTMENT SERIES
<SERIES>
   <NUMBER> 050
   <NAME> GT GLOBAL VARIABLE INTERNATIONAL FUND
<MULTIPLIER> 1000
       
<S>                             <C>
<PERIOD-TYPE>                   YEAR
<FISCAL-YEAR-END>                          DEC-31-1995
<PERIOD-START>                             JAN-01-1995
<PERIOD-END>                               DEC-31-1995
<INVESTMENTS-AT-COST>                             3726
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<OTHER-ITEMS-LIABILITIES>                          639
<TOTAL-LIABILITIES>                                703
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                          3826
<SHARES-COMMON-STOCK>                              333
<SHARES-COMMON-PRIOR>                                0
<ACCUMULATED-NII-CURRENT>                            0
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                          (352)
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                           189
<NET-ASSETS>                                      3663
<DIVIDEND-INCOME>                                   56
<INTEREST-INCOME>                                   15
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                    (41)
<NET-INVESTMENT-INCOME>                             30
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<APPREC-INCREASE-CURRENT>                          320
<NET-CHANGE-FROM-OPS>                               36
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                         (31)
<DISTRIBUTIONS-OF-GAINS>                           (5)
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<NUMBER-OF-SHARES-SOLD>                           1404
<NUMBER-OF-SHARES-REDEEMED>                     (1273)
<SHARES-REINVESTED>                                  3
<NET-CHANGE-IN-ASSETS>                            1434
<ACCUMULATED-NII-PRIOR>                              0
<ACCUMULATED-GAINS-PRIOR>                            0
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
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<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                    115
<AVERAGE-NET-ASSETS>                              3466
<PER-SHARE-NAV-BEGIN>                           11.250
<PER-SHARE-NII>                                   .090
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<PER-SHARE-DIVIDEND>                            (.090)
<PER-SHARE-DISTRIBUTIONS>                       (.020)
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                             11.010
<EXPENSE-RATIO>                                  1.250
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        

</TABLE>


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