<PAGE> PAGE 1
000 A000000 06/30/97
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
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002 A000000 1 EAST LIBERTY
002 B000000 RENO
002 C000000 NV
002 D010000 89501
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
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007 C010700 7
007 C010800 8
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008 B00AA01 A
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008 D03AA01 89501
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010 B00AA01 801-45101
010 C01AA01 RENO
010 C02AA01 NV
010 C03AA01 89501
011 A00AA01 NAVELLIER SECURITIES CORP
011 B00AA01 8-7768
011 C01AA01 RENO
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011 C03AA01 89501
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
013 B01AA01 WASHINGTON
013 B02AA01 DC
013 B03AA01 20036
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<PAGE> PAGE 3
022 A000003 SHEARSON LEHMAN HUTTON
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<PAGE> PAGE 4
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<PAGE> PAGE 5
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<PAGE> PAGE 6
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<PAGE> PAGE 7
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<PAGE> PAGE 8
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<PAGE> PAGE 9
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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>
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<PERIOD-START> JAN-01-1997
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<ACCUMULATED-NII-CURRENT> (852,270)
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<APPREC-INCREASE-CURRENT> (24,997,071)
<NET-CHANGE-FROM-OPS> (12,117,611)
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<PER-SHARE-NII> (0.200)
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</TABLE>
