<PAGE> PAGE 1
000 B000000 12/31/95
000 C000000 0000906518
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 NAVELLIER SERIES FUND
001 B000000 811-06229
001 C000000 3016571500
002 A000000 4922 FAIRMONT AVENUE
002 B000000 BETHESDA
002 C000000 MD
002 D010000 20814
003 000000 N
004 000000 N
005 000000 N
006 000000 N
007 A000000 Y
007 B000000 1
007 C010100 1
007 C020100 NAVELLIER AGGRESSIVE SMALL CAP EQUITY PORTFOL
007 C030100 N
007 C010200 2
007 C010300 3
007 C010400 4
007 C010500 5
007 C010600 6
007 C010700 7
007 C010800 8
007 C010900 9
007 C011000 10
008 A00AA01 NAVELLIER MANAGEMENT, INC.
008 B00AA01 A
008 C00AA01 801-45101
008 D01AA01 INCLINE VILLAGE
008 D02AA01 NV
008 D03AA01 89450
010 A00AA01 NAVELLIER MANAGEMENT, INC.
010 B00AA01 801-45101
010 C01AA01 INCLINE VILLAGE
010 C02AA01 NV
010 C03AA01 89450
011 A00AA01 NAVELLIER SECURITIES CORP
011 B00AA01 8-7768
011 C01AA01 INCLINE VILLAGE
011 C02AA01 NV
011 C03AA01 89450
012 A00AA01 RUSHMORE TRUST AND SAVINGS, FSB
<PAGE> PAGE 2
012 B00AA01 84-5451
012 C01AA01 BETHESDA
012 C02AA01 MD
012 C03AA01 20814
013 A00AA01 DELOITTE & TOUCHE LLP
013 B01AA01 WASHINGTON
013 B02AA01 DC
013 B03AA01 20036
014 A00AA01 NAVELLIER SECURITIES CORP
014 B00AA01 8-7768
015 A00AA01 RUSHMORE TRUST AND SAVINGS, FSB
015 B00AA01 C
015 C01AA01 BETHESDA
015 C02AA01 MD
015 C03AA01 20814
015 E01AA01 X
018 00AA00 Y
019 A00AA00 Y
019 B00AA00 2
019 C00AA00 NAVELLIERS
020 A000001 INSTINET
020 B000001 13-2596491
020 C000001 80
020 A000002 DONALDSON LUFKIN JENRETTE
020 B000002 13-2741729
020 C000002 37
020 A000003 CAPITOL INSTITUTIONAL SERVICES
020 B000003 75-1565705
020 C000003 30
020 A000004 HERZOG, HEIN, GEDULD, INC.
020 B000004 13-1955436
020 C000004 13
020 A000005 MONTGOMERY SECURITIES
020 B000005 94-1701676
020 C000005 11
020 A000006 PRUDENTIAL BACHE SECURITIES
020 C000006 9
020 A000007 JEFFERIES AND CO, INC.
020 B000007 95-2622900
020 C000007 9
020 A000008 CANTOR FITZGERALD
020 B000008 13-3680184
020 C000008 8
020 A000009 GS 2 SECURITIES
020 C000009 6
020 A000010 WEEDEN AND CO
020 B000010 13-3364318
020 C000010 6
021 000000 254
022 A000001 MONTGOMERY SECURITIES
022 B000001 94-1701676
<PAGE> PAGE 3
022 C000001 7978
022 D000001 12613
022 A000002 HERZOG, HEIN, GEDULD, INC.
022 B000002 13-1955436
022 C000002 9746
022 D000002 6591
022 A000003 SMITH BARNEY CO, INC.
022 B000003 13-1912900
022 C000003 10540
022 D000003 4292
022 A000004 LEHMAN BROTHERS, INC.
022 B000004 13-2518466
022 C000004 6561
022 D000004 4819
022 A000005 HAMBRECHT AND QUIST
022 B000005 94-2856935
022 C000005 9022
022 D000005 1817
022 A000006 MERRILL LYNCH
022 B000006 13-2761776
022 C000006 3198
022 D000006 2609
022 A000007 OPPENHEIMER AND CO, INC.
022 B000007 13-2798343
022 C000007 4036
022 D000007 1399
022 A000008 TROSTER SINGER
022 B000008 13-5515160
022 C000008 4155
022 D000008 772
022 A000009 KINNARD DESK
022 C000009 3122
022 D000009 1325
022 A000010 ROBERTSON, STEPHENS AND CO.
022 B000010 94-2524501
022 C000010 2233
022 D000010 1336
023 C000000 80823
023 D000000 47818
024 00AA00 N
025 D00AA01 0
025 D00AA02 0
025 D00AA03 0
025 D00AA04 0
025 D00AA05 0
025 D00AA06 0
025 D00AA07 0
025 D00AA08 0
026 A000000 N
026 B000000 N
026 C000000 N
<PAGE> PAGE 4
026 D000000 Y
026 E000000 N
026 F000000 N
026 G010000 N
026 G020000 N
026 H000000 N
027 000000 Y
028 A01AA00 10824
028 A02AA00 0
028 A03AA00 0
028 A04AA00 4496
028 B01AA00 17445
028 B02AA00 0
028 B03AA00 0
028 B04AA00 1547
028 C01AA00 10718
028 C02AA00 0
028 C03AA00 0
028 C04AA00 1609
028 D01AA00 22600
028 D02AA00 0
028 D03AA00 0
028 D04AA00 13185
028 E01AA00 17519
028 E02AA00 0
028 E03AA00 0
028 E04AA00 11536
028 F01AA00 26657
028 F02AA00 2355
028 F03AA00 0
028 F04AA00 18053
028 G01AA00 105763
028 G02AA00 2355
028 G03AA00 0
028 G04AA00 50426
028 H00AA00 50204
029 00AA00 Y
030 A00AA00 1327
030 B00AA00 3.00
030 C00AA00 1.00
031 A00AA00 731
031 B00AA00 0
032 00AA00 596
033 00AA00 0
034 00AA00 N
035 00AA00 0
036 B00AA00 0
037 00AA00 N
038 00AA00 0
039 00AA00 N
040 00AA00 N
<PAGE> PAGE 5
041 00AA00 N
042 A00AA00 0
042 B00AA00 0
042 C00AA00 0
042 D00AA00 0
042 E00AA00 0
042 F00AA00 0
042 G00AA00 0
042 H00AA00 0
043 00AA00 0
044 00AA00 0
045 00AA00 Y
046 00AA00 N
047 00AA00 Y
048 00AA00 1.250
048 A01AA00 0
048 A02AA00 0.000
048 B01AA00 0
048 B02AA00 0.000
048 C01AA00 0
048 C02AA00 0.000
048 D01AA00 0
048 D02AA00 0.000
048 E01AA00 0
048 E02AA00 0.000
048 F01AA00 0
048 F02AA00 0.000
048 G01AA00 0
048 G02AA00 0.000
048 H01AA00 0
048 H02AA00 0.000
048 I01AA00 0
048 I02AA00 0.000
048 J01AA00 0
048 J02AA00 0.000
048 K01AA00 0
048 K02AA00 0.000
049 00AA00 N
050 00AA00 N
051 00AA00 N
052 00AA00 N
053 A00AA00 Y
053 B00AA00 Y
053 C00AA00 N
054 A00AA00 N
054 B00AA00 N
054 C00AA00 N
054 D00AA00 N
054 E00AA00 N
054 F00AA00 N
054 G00AA00 N
<PAGE> PAGE 6
054 H00AA00 N
054 I00AA00 N
054 J00AA00 N
054 K00AA00 N
054 L00AA00 N
054 M00AA00 N
054 N00AA00 N
054 O00AA00 N
055 A00AA00 N
055 B00AA00 N
056 00AA00 Y
057 00AA00 N
058 A00AA00 N
059 00AA00 Y
060 A00AA00 Y
060 B00AA00 Y
061 00AA00 2000
062 A00AA00 N
062 B00AA00 0.0
062 C00AA00 0.0
062 D00AA00 0.0
062 E00AA00 0.0
062 F00AA00 0.0
062 G00AA00 0.0
062 H00AA00 0.0
062 I00AA00 0.0
062 J00AA00 0.0
062 K00AA00 0.0
062 L00AA00 0.0
062 M00AA00 0.0
062 N00AA00 0.0
062 O00AA00 0.0
062 P00AA00 0.0
062 Q00AA00 0.0
062 R00AA00 0.0
063 A00AA00 0
063 B00AA00 0.0
066 A00AA00 Y
066 B00AA00 Y
066 C00AA00 N
066 D00AA00 N
066 E00AA00 N
066 F00AA00 N
066 G00AA00 N
067 00AA00 N
068 A00AA00 N
068 B00AA00 N
069 00AA00 N
070 A01AA00 Y
070 A02AA00 N
070 B01AA00 N
<PAGE> PAGE 7
070 B02AA00 N
070 C01AA00 N
070 C02AA00 N
070 D01AA00 N
070 D02AA00 N
070 E01AA00 N
070 E02AA00 N
070 F01AA00 N
070 F02AA00 N
070 G01AA00 N
070 G02AA00 N
070 H01AA00 N
070 H02AA00 N
070 I01AA00 N
070 I02AA00 N
070 J01AA00 Y
070 J02AA00 N
070 K01AA00 N
070 K02AA00 Y
070 L01AA00 Y
070 L02AA00 N
070 M01AA00 N
070 M02AA00 N
070 N01AA00 Y
070 N02AA00 N
070 O01AA00 Y
070 O02AA00 N
070 P01AA00 N
070 P02AA00 N
070 Q01AA00 N
070 Q02AA00 N
070 R01AA00 Y
070 R02AA00 N
071 A00AA00 142589
071 B00AA00 79544
071 C00AA00 46900
071 D00AA00 170
072 A00AA00 12
072 B00AA00 228
072 C00AA00 92
072 D00AA00 0
072 E00AA00 0
072 F00AA00 665
072 G00AA00 133
072 H00AA00 0
072 I00AA00 119
072 J00AA00 18
072 K00AA00 0
072 L00AA00 18
072 M00AA00 37
072 N00AA00 30
<PAGE> PAGE 8
072 O00AA00 0
072 P00AA00 0
072 Q00AA00 0
072 R00AA00 18
072 S00AA00 0
072 T00AA00 0
072 U00AA00 14
072 V00AA00 0
072 W00AA00 66
072 X00AA00 1118
072 Y00AA00 187
072 Z00AA00 -611
072AA00AA00 1524
072BB00AA00 0
072CC01AA00 15989
072CC02AA00 0
072DD01AA00 0
072DD02AA00 0
072EE00AA00 2499
073 A01AA00 0.0000
073 A02AA00 0.0000
073 B00AA00 0.3800
073 C00AA00 0.0000
074 A00AA00 121
074 B00AA00 0
074 C00AA00 0
074 D00AA00 0
074 E00AA00 0
074 F00AA00 97874
074 G00AA00 0
074 H00AA00 0
074 I00AA00 7843
074 J00AA00 0
074 K00AA00 0
074 L00AA00 1909
074 M00AA00 26
074 N00AA00 107773
074 O00AA00 1798
074 P00AA00 218
074 Q00AA00 0
074 R01AA00 0
074 R02AA00 0
074 R03AA00 0
074 R04AA00 458
074 S00AA00 0
074 T00AA00 105299
074 U01AA00 6831
074 U02AA00 0
074 V01AA00 15.41
074 V02AA00 0.00
074 W00AA00 0.0000
<PAGE> PAGE 9
074 X00AA00 4725
074 Y00AA00 0
075 A00AA00 0
075 B00AA00 53180
076 00AA00 0.00
077 A000000 Y
077 B000000 Y
078 000000 N
080 A00AA00 FEDERAL INSURANCE CO
080 C00AA00 4500
081 A00AA00 Y
081 B00AA00 19
082 A00AA00 Y
082 B00AA00 25
083 A00AA00 N
083 B00AA00 0
084 A00AA00 N
084 B00AA00 0
085 A00AA00 Y
085 B00AA00 N
086 A010000 0
086 A020000 0
086 B010000 0
086 B020000 0
086 C010000 0
086 C020000 0
086 D010000 0
086 D020000 0
086 E010000 0
086 E020000 0
086 F010000 0
086 F020000 0
SIGNATURE TIMOTHY N. COAKLEY
TITLE ACCOUNTANT
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000906518
<NAME> NAVELLIER SERIES FUND
<SERIES>
<NUMBER> 1
<NAME> AGGRESSIVE SMALL CAP EQUITY PORTFOLIO
<MULTIPLIER> 1
<S> <C>
<PERIOD-TYPE> YEAR
<FISCAL-YEAR-END> DEC-31-1995
<PERIOD-START> JAN-01-1995
<PERIOD-END> DEC-31-1995
<INVESTMENTS-AT-COST> 87,304,967
<INVESTMENTS-AT-VALUE> 105,716,804
<RECEIVABLES> 1,908,675
<ASSETS-OTHER> 147,448
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 107,772,927
<PAYABLE-FOR-SECURITIES> 1,797,419
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 676,354
<TOTAL-LIABILITIES> 2,473,773
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 89,261,316
<SHARES-COMMON-STOCK> 6,831,185
<SHARES-COMMON-PRIOR> 1,660,042
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (2,373,999)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 18,411,837
<NET-ASSETS> 105,299,154
<DIVIDEND-INCOME> 92,464
<INTEREST-INCOME> 227,654
<OTHER-INCOME> 0
<EXPENSES-NET> (930,642)
<NET-INVESTMENT-INCOME> (610,524)
<REALIZED-GAINS-CURRENT> 1,524,157
<APPREC-INCREASE-CURRENT> 15,989,475
<NET-CHANGE-FROM-OPS> 16,903,108
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> (2,499,314)
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 9,128,613
<NUMBER-OF-SHARES-REDEEMED> (4,110,315)
<SHARES-REINVESTED> 152,845
<NET-CHANGE-IN-ASSETS> 87,075,459
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> (788,364)
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 664,744
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 1,117,947
<AVERAGE-NET-ASSETS> 53,179,526
<PER-SHARE-NAV-BEGIN> 10.980
<PER-SHARE-NII> (0.160)
<PER-SHARE-GAIN-APPREC> 4.970
<PER-SHARE-DIVIDEND> 0.000
<PER-SHARE-DISTRIBUTIONS> (0.380)
<RETURNS-OF-CAPITAL> 0.000
<PER-SHARE-NAV-END> 15.410
<EXPENSE-RATIO> 1.750
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0.000
</TABLE>
