<PAGE> PAGE 1
000 B000000 12/31/97
000 C000000 0000906518
000 D000000 N
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000 F000000 Y
000 G000000 N
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003 000000 N
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007 C020100 NAVELLIER AGGRESSIVE SMALL CAP EQUITY PORTFOL
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007 C010300 3
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008 B00AA01 A
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008 D03AA01 89501
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011 C01AA01 RENO
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011 C03AA01 89501
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<PAGE> PAGE 2
012 B00AA01 84-5451
012 C01AA01 BETHESDA
012 C02AA01 MD
012 C03AA01 20814
013 A00AA01 TAIT, WELLER & BAKER
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013 B02AA01 PA
013 B03AA01 19102
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<PAGE> PAGE 3
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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>
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<CIK> 0000906518
<NAME> NAVELLIER SERIES FUND
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<NAME> AGRESSIVE SMALL CAP EQUITY PORTFOLIO
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