<PAGE> PAGE 1
000 B000000 10/31/97
000 C000000 0000913829
000 D000000 N
000 E000000 NF
000 F000000 Y
000 G000000 Y
000 H000000 N
000 I000000 3.0.a
000 J000000 A
001 A000000 GROWTH AND INCOME PORTFOLIO
001 B000000 811-8084
001 C000000 2125524800
002 A000000 1 CHASE MANHATTAN PLAZA - 3RD
002 B000000 NEW YORK
002 C000000 NY
002 D010000 10081
003 000000 N
004 000000 N
005 000000 N
006 000000 N
007 A000000 N
007 B000000 0
007 C010100 1
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 A000001 CHASE MANHATTAN BANK
008 B000001 A
008 C000001 801-000000
008 D010001 NEW YORK
008 D020001 NY
008 D030001 10081
008 A000002 CHASE ASSET MANAGEMENT, INC.
008 B000002 S
008 C000002 801-000000
008 D010002 NEW YORK
008 D020002 NY
008 D030002 10036
010 A000001 THE CHASE MANAHATTAN BANK
010 B000001 0000000000
010 C010001 ROCHESTER
010 C020001 NY
010 C030001 14643
013 A000001 PRICE WATERHOUSE LLP
013 B010001 NEW YORK
<PAGE> PAGE 2
013 B020001 NY
013 B030001 10036
015 A000001 THE CHASE MANHATTAN BANK
015 B000001 C
015 C010001 BROOKLYN
015 C020001 NY
015 C030001 11245
015 E010001 X
018 000000 Y
019 A000000 N
019 B000000 0
020 A000001 FIRST BOSTON
020 C000001 116
020 A000002 BEAR STEARNS & CO., INC.
020 C000002 116
020 A000003 BRIDGE TRADING CO.,INC.
020 C000003 108
020 A000004 PRUDENTIAL SECURITIES, INC.
020 C000004 84
020 A000005 AUTRANET
020 C000005 84
020 A000006 ALEX BROWN & SONS, INC.
020 C000006 80
020 A000007 MORGAN STANLEY & CO., INC.
020 C000007 76
020 A000008 JP MORGAN SECURITIES, INC.
020 C000008 73
020 A000009 DLJ CAPITAL MARKETS
020 C000009 69
020 A000010 GOLDMAN SACHS & CO.
020 C000010 65
021 000000 2214
022 A000001 DIRECT
022 C000001 3656977
022 D000001 4973
022 A000002 GOLDMAN SACHS & CO.
022 C000002 326254
022 D000002 188690
022 A000003 MERRILL LYNCH
022 C000003 129115
022 D000003 41829
022 A000004 FUJI SECURITIES
022 C000004 162430
022 D000004 19930
022 A000005 LEHMAN BROTHERS, INC.
022 C000005 131127
022 D000005 10181
022 A000006 FUJI SECURITIES
022 C000006 99885
022 D000006 19931
022 A000007 SPINOFF
<PAGE> PAGE 3
022 C000007 57485
022 D000007 57485
022 A000008 FIRST BOSTON
022 C000008 91195
022 D000008 23659
022 A000009 AMERICAN EXPRESS DIRECT
022 C000009 79662
022 D000009 19962
022 A000010 GENERAL ELECTRIC CAPITAL CORP.
022 C000010 79648
022 D000010 19948
023 C000000 5389652
023 D000000 586382
024 000000 N
025 D000001 0
025 D000002 0
025 D000003 0
025 D000004 0
025 D000005 0
025 D000006 0
025 D000007 0
025 D000008 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
028 A010000 28574
028 A020000 0
028 A030000 0
028 A040000 56456
028 B010000 24222
028 B020000 0
028 B030000 0
028 B040000 52090
028 C010000 38194
028 C020000 0
028 C030000 0
028 C040000 52189
028 D010000 29020
028 D020000 0
028 D030000 0
028 D040000 43303
028 E010000 30487
028 E020000 0
028 E030000 0
<PAGE> PAGE 4
028 E040000 39068
028 F010000 33165
028 F020000 0
028 F030000 0
028 F040000 58870
028 G010000 183662
028 G020000 0
028 G030000 0
028 G040000 301976
028 H000000 0
029 000000 N
030 A000000 0
030 B000000 0.00
030 C000000 0.00
031 A000000 0
031 B000000 0
032 000000 0
033 000000 0
034 000000 N
035 000000 0
036 B000000 0
037 000000 N
038 000000 0
039 000000 N
040 000000 N
042 A000000 0
042 B000000 0
042 C000000 0
042 D000000 0
042 E000000 0
042 F000000 0
042 G000000 0
042 H000000 0
043 000000 0
044 000000 0
045 000000 Y
046 000000 N
047 000000 Y
048 000000 0.400
048 A010000 0
048 A020000 0.000
048 B010000 0
048 B020000 0.000
048 C010000 0
048 C020000 0.000
048 D010000 0
048 D020000 0.000
048 E010000 0
048 E020000 0.000
048 F010000 0
048 F020000 0.000
<PAGE> PAGE 5
048 G010000 0
048 G020000 0.000
048 H010000 0
048 H020000 0.000
048 I010000 0
048 I020000 0.000
048 J010000 0
048 J020000 0.000
048 K010000 0
048 K020000 0.000
049 000000 N
050 000000 N
051 000000 N
052 000000 N
053 A000000 N
054 A000000 Y
054 B000000 Y
054 C000000 Y
054 D000000 N
054 E000000 N
054 F000000 N
054 G000000 N
054 H000000 Y
054 I000000 N
054 J000000 Y
054 K000000 N
054 L000000 N
054 M000000 Y
054 N000000 N
054 O000000 N
055 A000000 N
055 B000000 N
056 000000 Y
057 000000 N
058 A000000 N
059 000000 Y
060 A000000 N
060 B000000 N
061 000000 0
062 A000000 N
062 B000000 0.0
062 C000000 0.0
062 D000000 0.0
062 E000000 0.0
062 F000000 0.0
062 G000000 0.0
062 H000000 0.0
062 I000000 0.0
062 J000000 0.0
062 K000000 0.0
062 L000000 0.0
<PAGE> PAGE 6
062 M000000 0.0
062 N000000 0.0
062 O000000 0.0
062 P000000 0.0
062 Q000000 0.0
062 R000000 0.0
063 A000000 0
063 B000000 0.0
066 A000000 Y
066 B000000 N
066 C000000 N
066 D000000 N
066 E000000 Y
066 F000000 N
066 G000000 N
067 000000 N
068 A000000 N
068 B000000 N
069 000000 N
070 A010000 Y
070 A020000 N
070 B010000 Y
070 B020000 N
070 C010000 Y
070 C020000 N
070 D010000 Y
070 D020000 N
070 E010000 Y
070 E020000 N
070 F010000 Y
070 F020000 Y
070 G010000 Y
070 G020000 N
070 H010000 Y
070 H020000 Y
070 I010000 Y
070 I020000 N
070 J010000 Y
070 J020000 Y
070 K010000 Y
070 K020000 N
070 L010000 Y
070 L020000 Y
070 M010000 N
070 M020000 N
070 N010000 Y
070 N020000 N
070 O010000 Y
070 O020000 N
070 P010000 N
070 P020000 N
<PAGE> PAGE 7
070 Q010000 Y
070 Q020000 N
070 R010000 Y
070 R020000 N
071 A000000 1842953
071 B000000 1474324
071 C000000 2375467
071 D000000 62
072 A000000 12
072 B000000 13181
072 C000000 38307
072 D000000 0
072 E000000 0
072 F000000 9878
072 G000000 1235
072 H000000 0
072 I000000 0
072 J000000 163
072 K000000 0
072 L000000 0
072 M000000 49
072 N000000 0
072 O000000 0
072 P000000 0
072 Q000000 0
072 R000000 103
072 S000000 0
072 T000000 0
072 U000000 8
072 V000000 0
072 W000000 170
072 X000000 11606
072 Y000000 0
072 Z000000 39882
072AA000000 365629
072BB000000 0
072CC010000 231320
072CC020000 0
072DD010000 0
072DD020000 0
072EE000000 0
073 A010000 0.0000
073 A020000 0.0000
073 B000000 0.0000
073 C000000 0.0000
074 A000000 3
074 B000000 0
074 C000000 89357
074 D000000 133508
074 E000000 61529
074 F000000 2371237
<PAGE> PAGE 8
074 G000000 0
074 H000000 0
074 I000000 0
074 J000000 18219
074 K000000 0
074 L000000 5747
074 M000000 48
074 N000000 2679648
074 O000000 15042
074 P000000 1099
074 Q000000 0
074 R010000 0
074 R020000 0
074 R030000 0
074 R040000 197
074 S000000 0
074 T000000 2663310
074 U010000 0
074 U020000 0
074 V010000 0.00
074 V020000 0.00
074 W000000 0.0000
074 X000000 2
074 Y000000 0
075 A000000 0
075 B000000 2469662
076 000000 0.00
077 A000000 Y
077 B000000 Y
080 A000000 GULF INSURANCE
080 C000000 7800
081 A000000 Y
081 B000000 8
082 A000000 Y
082 B000000 20
083 A000000 N
083 B000000 0
084 A000000 N
084 B000000 0
085 A000000 Y
085 B000000 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
<PAGE> PAGE 9
086 F010000 0
086 F020000 0
SIGNATURE DEAN B. HARRIS
TITLE 2VP
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000913829
<NAME> GROWTH & INCOME PORTFOLIO
<SERIES>
<NUMBER> 011
<NAME> GROWTH & INCOME PORTFOLIO
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> OCT-31-1997
<PERIOD-END> OCT-31-1997
<INVESTMENTS-AT-COST> 2,045,760,924
<INVESTMENTS-AT-VALUE> 2,655,630,963
<RECEIVABLES> 23,966,696
<ASSETS-OTHER> 47,197
<OTHER-ITEMS-ASSETS> 2,918
<TOTAL-ASSETS> 2,679,647,774
<PAYABLE-FOR-SECURITIES> 15,041,996
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 1,295,352
<TOTAL-LIABILITIES> 16,337,348
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 0
<SHARES-COMMON-STOCK> 0
<SHARES-COMMON-PRIOR> 0
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 0
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 0
<NET-ASSETS> 2,663,310,426
<DIVIDEND-INCOME> 38,307,180
<INTEREST-INCOME> 13,181,160
<OTHER-INCOME> 0
<EXPENSES-NET> 11,606,495
<NET-INVESTMENT-INCOME> 39,881,845
<REALIZED-GAINS-CURRENT> 365,628,734
<APPREC-INCREASE-CURRENT> 231,319,779
<NET-CHANGE-FROM-OPS> 636,830,358
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 788,792,555
<NUMBER-OF-SHARES-REDEEMED> 854,660,428
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> 570,962,485
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 9,877,868
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 11,606,495
<AVERAGE-NET-ASSETS> 2,469,661,919
<PER-SHARE-NAV-BEGIN> 0
<PER-SHARE-NII> 0
<PER-SHARE-GAIN-APPREC> 0
<PER-SHARE-DIVIDEND> 0
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 0
<EXPENSE-RATIO> 0
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
December 17, 1997
To the Beneficial Interest Holders and Trustees of
Growth and Income Portfolio
Chg. Code: 84033-100-1
In planning and performing our audit of the financial
statements of Growth and Income Portfolio (the "Portfolio")
for the year ended October 31, 1997, we considered its
internal control, including control activities for
safeguarding securities, in order to determine our auditing
procedures for the purpose of expressing our opinion on the
financial statements and to comply with the requirements of
Form N-SAR, not to provide assurance on internal control.
The management of the Portfolio is responsible for
establishing and maintaining internal control. In fulfilling
this responsibility, estimates and judgments by management
are required to assess the expected benefits and related
costs of control activities. Generally, control activities
that are relevant to an audit pertain to the entity's
objective of preparing financial statements for external
purposes that are fairly presented in conformity with
generally accepted accounting principles. Those control
activities include the safeguarding of assets against
unauthorized acquisition, use or disposition.
Because of inherent limitations in internal control, errors
or irregularities may occur and not be detected. Also,
projection of any evaluation of internal control to future
periods is subject to the risk that it may become inadequate
because of changes in conditions or that the effectiveness
of the design and operation may deteriorate. Our
consideration of internal control would not necessarily
disclose all matters in internal control that might be
material weaknesses under standards established by the
American Institute of Certified Public Accountants. A
material weakness is a condition in which the design or
operation of any specific internal control components does
not reduce to a relatively low level the risk that errors or
irregularities in amounts that would be material in relation
to the financial statements being audited may occur and not
be detected within a timely period by employees in the normal
course of performing their assigned functions. However, we
noted no matters involving internal control, including control
activities for safeguarding securities, that we consider to be
material weaknesses as defined above as of October 31, 1997.
This report is intended solely for the information and use of
management and the Trustees of the Portfolio and
the Securities and Exchange Commission.
PRICE WATERHOUSE LLP
