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<PAGE> PAGE 21
072 M000500 2
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<PAGE> PAGE 22
074 V020500 0.00
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055 A000600 N
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056 000600 Y
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<PAGE> PAGE 23
062 N000600 0.0
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066 B000600 N
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069 000600 N
070 A010600 Y
070 A020600 Y
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070 B020600 N
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070 C020600 N
070 D010600 Y
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070 E010600 N
070 E020600 N
070 F010600 Y
070 F020600 N
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070 G020600 N
070 H010600 Y
070 H020600 N
070 I010600 Y
070 I020600 N
070 J010600 Y
070 J020600 N
070 K010600 Y
070 K020600 N
070 L010600 Y
070 L020600 N
070 M010600 Y
070 M020600 N
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<PAGE> PAGE 24
070 Q020600 N
070 R010600 N
070 R020600 N
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<PAGE> PAGE 25
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<PAGE> PAGE 26
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<PAGE> PAGE 27
070 H010700 Y
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<PAGE> PAGE 28
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SIGNATURE JANET SHORE
TITLE ASSISTANT SECRETARY
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL STATEMENTS EXTRACTED FROM FINANCIAL
STATEMENTS OF COLONIAL KEYPORT GROWTH AND INCOME FUND YEAR END DEC-31-1995 AND
IS QUALIFIED IN ITS ENTIRETY BY REFERENCE OT SUCH FINANICAL STATEMENT OF
COLONIAL KEYPORT GROWTH AND INCOME FUND YEAR END DEC-31-1995.
</LEGEND>
<CIK> 0000898445
<NAME> KEYPORT VARIABLE INVESTMENT TRUST
<SERIES>
<NUMBER> 1
<NAME> COLONIAL-KEYPORT GROWTH AND INCOME FUND
<MULTIPLIER> 1,000
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> DEC-31-1995
<PERIOD-END> JUN-30-1995
<INVESTMENTS-AT-COST> 52363
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<RECEIVABLES> 275
<ASSETS-OTHER> 3
<OTHER-ITEMS-ASSETS> 18
<TOTAL-ASSETS> 59047
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<SENIOR-LONG-TERM-DEBT> 0
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<TOTAL-LIABILITIES> 141
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 52074
<SHARES-COMMON-STOCK> 5053
<SHARES-COMMON-PRIOR> 4792
<ACCUMULATED-NII-CURRENT> 718
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<ACCUMULATED-NET-GAINS> (273)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 6387
<NET-ASSETS> 58906
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<NUMBER-OF-SHARES-REDEEMED> 299
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> 10854
<ACCUMULATED-NII-PRIOR> (35)
<ACCUMULATED-GAINS-PRIOR> (915)
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<PER-SHARE-NAV-BEGIN> 10.03
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<EXPENSE-RATIO> 0.82
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORAMTION EXTRACTED FROM FINANCIAL
STATEMENTS OF COLONIAL KEYPORT UTILITIES FUND YEAR END DEC-31-1995 AND IS
QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS OF COLONIAL
KEYPORT UTILITIES FUND YEAR END DEC-31-1995.
</LEGEND>
<CIK> 0000898445
<NAME> KEYPORT VARIABLE INVESTMENT TRUST
<SERIES>
<NUMBER> 2
<NAME> COLONIAL KEYPORT UTILITIES FUND
<MULTIPLIER> 1,000
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> DEC-31-1995
<PERIOD-END> JUN-30-1995
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<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 48412
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<SHARES-COMMON-PRIOR> 4707
<ACCUMULATED-NII-CURRENT> 1068
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<ACCUMULATED-NET-GAINS> (4145)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> (1582)
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<REALIZED-GAINS-CURRENT> (813)
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<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> 5597
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> (45)
<OVERDIST-NET-GAINS-PRIOR> (3332)
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<PER-SHARE-NAV-BEGIN> 8.11
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<EXPENSE-RATIO> 0.84
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM FINANCIAL
STATEMENTS OF COLONIAL KEYPORT US GOVERNMENT FUND YEAR END DEC-31-1995 AND IS
QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS OF COLONIAL
KEYPORT US GOVERNMENT FUND YEAR END DEC-31-1995.
</LEGEND>
<CIK> 0000898445
<NAME> KEYPORT VARIABLE INVESTMEST TRUST
<SERIES>
<NUMBER> 3
<NAME> COLONIAL KEYPORT US GOVERNMENT FUND
<MULTIPLIER> 1,000
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> DEC-31-1995
<PERIOD-END> JUN-30-1995
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<INVESTMENTS-AT-VALUE> 30102
<RECEIVABLES> 2529
<ASSETS-OTHER> 2
<OTHER-ITEMS-ASSETS> 17
<TOTAL-ASSETS> 32650
<PAYABLE-FOR-SECURITIES> 6054
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 61
<TOTAL-LIABILITIES> 6115
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 26993
<SHARES-COMMON-STOCK> 2673
<SHARES-COMMON-PRIOR> 3187
<ACCUMULATED-NII-CURRENT> 963
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (1709)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 288
<NET-ASSETS> 26535
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 1105
<OTHER-INCOME> 0
<EXPENSES-NET> 118
<NET-INVESTMENT-INCOME> 987
<REALIZED-GAINS-CURRENT> (75)
<APPREC-INCREASE-CURRENT> 1319
<NET-CHANGE-FROM-OPS> 2231
<EQUALIZATION> 0
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<DISTRIBUTIONS-OF-GAINS> 0
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<NUMBER-OF-SHARES-SOLD> 51
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<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> (2690)
<ACCUMULATED-NII-PRIOR> (24)
<ACCUMULATED-GAINS-PRIOR> (1634)
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 83
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 118
<AVERAGE-NET-ASSETS> 27999
<PER-SHARE-NAV-BEGIN> 9.17
<PER-SHARE-NII> 0.34
<PER-SHARE-GAIN-APPREC> 0.42
<PER-SHARE-DIVIDEND> 0
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 9.93
<EXPENSE-RATIO> 0.85
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM FINANCIAL
STATEMENTS OF COLONIAL KEYPORT INTERNATIONAL FUND FOR GROWTH YEAR END DEC-31-1995
AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS OF
COLONIAL KEYPORT INTERNATIONAL FUND FOR GROWTH YEAR END DEC-31-1995
</LEGEND>
<CIK> 0000898445
<NAME> KEYPORT VARIABLE INVESTMENT TRUST
<SERIES>
<NUMBER> 4
<NAME> COLONIAL KEYPORT INTERNATIONAL FUND FOR GROWTH
<MULTIPLIER> 1,000
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> DEC-31-1995
<PERIOD-END> JUN-30-1995
<INVESTMENTS-AT-COST> 20205
<INVESTMENTS-AT-VALUE> 20097
<RECEIVABLES> 497
<ASSETS-OTHER> 1
<OTHER-ITEMS-ASSETS> 199
<TOTAL-ASSETS> 20794
<PAYABLE-FOR-SECURITIES> 478
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 127
<TOTAL-LIABILITIES> 605
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 21851
<SHARES-COMMON-STOCK> 11134
<SHARES-COMMON-PRIOR> 10170
<ACCUMULATED-NII-CURRENT> 129
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (1643)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> (148)
<NET-ASSETS> 20189
<DIVIDEND-INCOME> 229
<INTEREST-INCOME> 42
<OTHER-INCOME> 0
<EXPENSES-NET> 155
<NET-INVESTMENT-INCOME> 116
<REALIZED-GAINS-CURRENT> (1586)
<APPREC-INCREASE-CURRENT> 775
<NET-CHANGE-FROM-OPS> (695)
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 2360
<NUMBER-OF-SHARES-REDEEMED> 1396
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> 1043
<ACCUMULATED-NII-PRIOR> 13
<ACCUMULATED-GAINS-PRIOR> (57)
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 85
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 155
<AVERAGE-NET-ASSETS> 19134
<PER-SHARE-NAV-BEGIN> 1.88
<PER-SHARE-NII> 0.01
<PER-SHARE-GAIN-APPREC> (0.08)
<PER-SHARE-DIVIDEND> 0
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 1.81
<EXPENSE-RATIO> 1.63
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM FINANCIAL
STATEMENTS OF COLONIAL KEYPORT STRATEGIC INCOME FUND YEAR END DEC-31-1995 AND IS
QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS OF COLONIAL
KEYPORT STRATEGIC INCOME FUND YEAR END DEC-31-1995.
</LEGEND>
<CIK> 0000898445
<NAME> KEYPORT VARIABLE INVESTMENT TRUST
<SERIES>
<NUMBER> 5
<NAME> COLONIAL KEYPORT STRATEGIC INCOME FUND
<MULTIPLIER> 1,000
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> DEC-31-1995
<PERIOD-END> JUN-30-1995
<INVESTMENTS-AT-COST> 19796
<INVESTMENTS-AT-VALUE> 20754
<RECEIVABLES> 760
<ASSETS-OTHER> 1
<OTHER-ITEMS-ASSETS> 16
<TOTAL-ASSETS> 21531
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 101
<TOTAL-LIABILITIES> 101
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 19899
<SHARES-COMMON-STOCK> 1971
<SHARES-COMMON-PRIOR> 1363
<ACCUMULATED-NII-CURRENT> 728
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (175)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 978
<NET-ASSETS> 21430
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 821
<OTHER-INCOME> 0
<EXPENSES-NET> 80
<NET-INVESTMENT-INCOME> 741
<REALIZED-GAINS-CURRENT> (44)
<APPREC-INCREASE-CURRENT> 1133
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<NUMBER-OF-SHARES-SOLD> 739
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<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> (13)
<OVERDIST-NET-GAINS-PRIOR> (131)
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<PER-SHARE-NAV-BEGIN> 9.79
<PER-SHARE-NII> 0.43
<PER-SHARE-GAIN-APPREC> 0.65
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<PER-SHARE-NAV-END> 10.87
<EXPENSE-RATIO> 0.91
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<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM FINANCIAL
STATEMENTS OF COLONIAL KEYPORT US FUND FOR GROWTH YEAR END DEC-31-1995 AND IS
QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS OF COLONAIL
KEYPORT US FUND FOR GROWTH YEAR END DEC-31-1995
</LEGEND>
<CIK> 0000898445
<NAME> KEYPORT VARIABLE INVESTMENT TRUST
<SERIES>
<NUMBER> 6
<NAME> COLONIAL KEYPORT US FUND FOR GROWTH
<MULTIPLIER> 1,000
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> DEC-31-1995
<PERIOD-END> JUN-30-1995
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<PAID-IN-CAPITAL-COMMON> 26994
<SHARES-COMMON-STOCK> 2544
<SHARES-COMMON-PRIOR> 1497
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<NET-INVESTMENT-INCOME> 210
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<NUMBER-OF-SHARES-SOLD> 1218
<NUMBER-OF-SHARES-REDEEMED> 170
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<NET-CHANGE-IN-ASSETS> 15506
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<PER-SHARE-NAV-END> 12.14
<EXPENSE-RATIO> 1.00
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM FINANCIAL
STATEMENTS OF NEWPORT KEYPORT TIGER FUND YEAR END DEC-31-1995 AND IS QUALIFIED
IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS OF NEWPORT KEYPORT
TIGER FUND YEAR END DEC-31-1995
</LEGEND>
<CIK> 0000898445
<NAME> KEYPORT VARIABLE INVESTMENT TRUST
<SERIES>
<NUMBER> 7
<NAME> NEWPORT KEYPORT TIGER FUND
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<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> DEC-31-1995
<PERIOD-END> JUN-30-1995
<INVESTMENTS-AT-COST> 11699
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<TOTAL-ASSETS> 12690
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<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 26
<TOTAL-LIABILITIES> 26
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 11728
<SHARES-COMMON-STOCK> 5798
<SHARES-COMMON-PRIOR> 0
<ACCUMULATED-NII-CURRENT> 65
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (8)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 879
<NET-ASSETS> 12664
<DIVIDEND-INCOME> 63
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<NET-INVESTMENT-INCOME> 65
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<GROSS-EXPENSE> 25
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<AVG-DEBT-PER-SHARE> 0
</TABLE>
