<PAGE> PAGE 1
000 B000000 10/13/95
000 C000000 0000898445
000 D000000 N
000 E000000 NF
000 F000000 Y
000 G000000 N
000 H000000 N
000 I000000 3.0.a
000 J000000 A
001 A000000 KEYPORT VARIABLE INVESTMENT TRUST
001 B000000 811-7556
001 C000000 6177226000
002 A000000 600 ATLANTIC AVENUE
002 B000000 BOSTON
002 C000000 MA
002 D010000 02210
002 D020000 2214
003 000000 N
004 000000 Y
005 000000 N
006 000000 N
007 A000000 Y
007 B000000 7
007 C010100 1
007 C010200 2
007 C010300 3
007 C020300 COLONIAL KEYPORT US GOVERNMENT FUND
007 C030300 N
007 C010400 4
007 C010500 5
007 C010600 6
007 C010700 7
007 C010800 8
007 C010900 9
007 C011000 10
020 C000001 0
020 C000002 0
020 C000003 0
020 C000004 0
020 C000005 0
020 C000006 0
020 C000007 0
020 C000008 0
020 C000009 0
020 C000010 0
021 000000 0
022 C000001 0
022 D000001 0
022 C000002 0
022 D000002 0
022 C000003 0
<PAGE> PAGE 2
022 D000003 0
022 C000004 0
022 D000004 0
022 C000005 0
022 D000005 0
022 C000006 0
022 D000006 0
022 C000007 0
022 D000007 0
022 C000008 0
022 D000008 0
022 C000009 0
022 D000009 0
022 C000010 0
022 D000010 0
023 C000000 0
023 D000000 0
026 A000000 N
026 B000000 N
026 C000000 N
026 D000000 Y
026 E000000 N
026 F000000 N
026 G010000 N
026 G020000 N
026 H000000 N
027 000000 Y
077 A000000 N
008 A000301 COLONIAL MANAGEMENT ASSOCIATES, INC.
008 B000301 S
008 C000301 801-2019
008 D010301 BOSTON
008 D020301 MA
008 D030301 02111
008 A000302 KEYPORT ADVISORY SERVICES
008 B000302 A
008 C000302 801-43301
008 D010302 BOSTON
008 D020302 MA
008 D030302 02110
010 A000301 KEYPORT ADVISORY SERVICES CORP
010 B000301 801-43301
010 C010301 BOSTON
010 C020301 MA
010 C030301 02110
011 A000301 KEYPORT FINANCIAL SERVICES CORP
011 B000301 8-24435
011 C010301 BOSTON
011 C020301 MA
011 C030301 02210
012 A000301 COLONIAL INVESTORS SERVICE CENTER, INC
<PAGE> PAGE 3
012 B000301 84-1329
012 C010301 BOSTON
012 C020301 MA
012 C030301 02111
013 A000301 PRICE WATERHOUSE LLP
013 B010301 BOSTON
013 B020301 MA
013 B030301 02210
014 A000301 KEYPORT FINANCIAL SERVICES CORP
014 B000301 8-24435
014 A000302 LIBERTY SECURITIES CORP
014 B000302 8-30670
015 A000301 THE BOSTON SAFE DEPOSIT AND TRUST CO
015 B000301 C
015 C010301 BOSTON
015 C020301 MA
015 C030301 02108
015 E010301 X
018 000300 Y
019 A000300 Y
019 B000300 39
019 C000300 COLGPFUNDS
024 000300 N
045 000300 Y
046 000300 Y
047 000300 Y
048 000300 0.600
048 A010300 0
048 A020300 0.000
048 B010300 0
048 B020300 0.000
048 C010300 0
048 C020300 0.000
048 D010300 0
048 D020300 0.000
048 E010300 0
048 E020300 0.000
048 F010300 0
048 F020300 0.000
048 G010300 0
048 G020300 0.000
048 H010300 0
048 H020300 0.000
048 I010300 0
048 I020300 0.000
048 J010300 0
048 J020300 0.000
048 K010300 0
048 K020300 0.000
049 000300 N
050 000300 N
<PAGE> PAGE 4
051 000300 N
052 000300 N
053 A000300 Y
054 A000300 Y
054 B000300 Y
054 C000300 N
054 D000300 N
054 E000300 N
054 F000300 N
054 G000300 N
054 H000300 Y
054 I000300 N
054 J000300 Y
054 K000300 N
054 L000300 N
054 M000300 Y
054 N000300 N
054 O000300 N
055 A000300 N
055 B000300 N
056 000300 Y
057 000300 N
058 A000300 N
059 000300 Y
060 A000300 Y
060 B000300 Y
061 000300 0
062 A000300 Y
062 B000300 0.0
062 C000300 0.0
062 D000300 2.7
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 21.5
062 N000300 86.2
062 O000300 0.0
062 P000300 0.0
062 Q000300 0.0
062 R000300 -10.4
063 A000300 0
063 B000300 13.8
064 A000300 N
064 B000300 N
066 A000300 N
067 000300 N
<PAGE> PAGE 5
068 A000300 N
068 B000300 N
069 000300 N
070 A010300 Y
070 A020300 Y
070 B010300 N
070 B020300 N
070 C010300 N
070 C020300 N
070 D010300 N
070 D020300 N
070 E010300 N
070 E020300 N
070 F010300 N
070 F020300 N
070 G010300 N
070 G020300 N
070 H010300 N
070 H020300 N
070 I010300 N
070 I020300 N
070 J010300 N
070 J020300 N
070 K010300 N
070 K020300 N
070 L010300 N
070 L020300 N
070 M010300 N
070 M020300 N
070 N010300 Y
070 N020300 N
070 O010300 Y
070 O020300 N
070 P010300 N
070 P020300 N
070 Q010300 N
070 Q020300 N
070 R010300 N
070 R020300 N
071 A000300 56256
071 B000300 55254
071 C000300 27500
071 D000300 201
072 A000300 9
072 B000300 1640
072 C000300 0
072 D000300 0
072 E000300 0
072 F000300 128
072 G000300 0
072 H000300 0
<PAGE> PAGE 6
072 I000300 6
072 J000300 5
072 K000300 0
072 L000300 3
072 M000300 2
072 N000300 0
072 O000300 0
072 P000300 0
072 Q000300 21
072 R000300 13
072 S000300 2
072 T000300 0
072 U000300 0
072 V000300 0
072 W000300 5
072 X000300 185
072 Y000300 0
072 Z000300 1460
072AA000300 655
072BB000300 750
072CC010300 555
072CC020300 0
072DD010300 1349
072DD020300 0
072EE000300 0
073 A010300 0.5300
073 A020300 0.0000
073 B000300 0.0000
073 C000300 0.0000
074 A000300 3
074 B000300 708
074 C000300 0
074 D000300 27976
074 E000300 0
074 F000300 0
074 G000300 0
074 H000300 0
074 I000300 0
074 J000300 4219
074 K000300 0
074 L000300 278
074 M000300 0
074 N000300 33184
074 O000300 7196
074 P000300 0
074 Q000300 0
074 R010300 0
074 R020300 0
074 R030300 0
074 R040300 12
074 S000300 0
<PAGE> PAGE 7
074 T000300 25976
074 U010300 2685
074 U020300 0
074 V010300 9.68
074 V020300 0.00
074 W000300 0.0000
074 X000300 0
074 Y000300 4170
075 A000300 0
075 B000300 27180
076 000300 0.00
080 A000300 ICI MUTUAL INSURANCE COMPANY
080 C000300 25000
081 A000300 Y
081 B000300 36
082 A000300 Y
082 B000300 150
083 A000300 N
083 B000300 0
084 A000300 N
084 B000300 0
085 A000300 Y
085 B000300 N
SIGNATURE JANET SHORE
TITLE ASSISTANT SECRETARY
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM FINANCIAL
STATEMENTS OF COLONIAL KEYPORT US GOVERNMENT FUND YEAR END 10/13/95 AND IS
QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS OF COLONIAL
KEYPORT US GOVERNMENT FUND YEAR END 10/13/95
</LEGEND>
<CIK> 0000898445
<NAME> KEYPORT VARIABLE INVESTMENT TRUST
<SERIES>
<NUMBER> 3
<NAME> COLONIAL-KEYPORT US GOVERNMENT FUND
<MULTIPLIER> 1,000
<S> <C>
<PERIOD-TYPE> OTHER
<FISCAL-YEAR-END> OCT-13-1995
<PERIOD-END> OCT-13-1995
<INVESTMENTS-AT-COST> 28189
<INVESTMENTS-AT-VALUE> 28684
<RECEIVABLES> 4497
<ASSETS-OTHER> 3
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 33184
<PAYABLE-FOR-SECURITIES> 7196
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 12
<TOTAL-LIABILITIES> 12
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 27063
<SHARES-COMMON-STOCK> 2685
<SHARES-COMMON-PRIOR> 3187
<ACCUMULATED-NII-CURRENT> 87
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (1729)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 555
<NET-ASSETS> 25976
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 1646
<OTHER-INCOME> 0
<EXPENSES-NET> 185
<NET-INVESTMENT-INCOME> 1460
<REALIZED-GAINS-CURRENT> (95)
<APPREC-INCREASE-CURRENT> 1585
<NET-CHANGE-FROM-OPS> 2950
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 1349
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 57
<NUMBER-OF-SHARES-REDEEMED> (700)
<SHARES-REINVESTED> 140
<NET-CHANGE-IN-ASSETS> (3249)
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> (1634)
<OVERDISTRIB-NII-PRIOR> (24)
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 129
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 185
<AVERAGE-NET-ASSETS> 27180
<PER-SHARE-NAV-BEGIN> 9.17
<PER-SHARE-NII> 0.57
<PER-SHARE-GAIN-APPREC> 0.47
<PER-SHARE-DIVIDEND> 0.53
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 9.68
<EXPENSE-RATIO> 0.68
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
