SCHWAB ANNUITY PORTFOLIOS
NSAR-A, 1996-08-26
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<PAGE>      PAGE  1
000 A000000 06/30/96
000 C000000 8005258600
000 D000000 N
000 E000000 NF
000 F000000 Y
000 G000000 N
000 H000000 N
000 I000000 3.0
000 J000000 A
001 A000000 SCHWAB ANNUITY PORTFOLIOS
001 B000000 811-8314
001 C000000 8005258600
002 A000000 101 MONTGOMERY STRRET
002 B000000 SAN FRANCISCO
002 C000000 CA
002 D010000 94104
003  000000 N
004  000000 N
005  000000 N
006  000000 N
007 A000000 Y
007 B000000  1
007 C010100  1
007 C020100 SCHWAB MONEY MARKET PORTFOLIO
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 CHARLES SCHWAB INVESTMENT MANAGEMENT, INC.
008 B00AA01 A
008 C00AA01 801-35905
008 D01AA01 SAN FRANCISCO
008 D02AA01 CA
008 D03AA01 94104
010 A00AA01 CHARLES SCHWAB INVESTMENT, INC.
010 B00AA01 801-35905
010 C01AA01 SAN FRANCISCO
010 C02AA01 CA
010 C03AA01 94104
011 A00AA01 CHARLES SCHWAB & CO., INC.
011 B00AA01 8-16514
011 C01AA01 SAN FRANCISCO
011 C02AA01 CA
011 C03AA01 94104
012 A00AA01 CHARLES SCHWAB & CO., INC.
<PAGE>      PAGE  2
012 B00AA01 84-1256
012 C01AA01 SAN FRANCISCO
012 C02AA01 CA
012 C03AA01 94104
013 A00AA01 PRICE WATERHOUSE, L.L.P.
013 B01AA01 SAN FRANCISCO
013 B02AA01 CA
013 B03AA01 94104
014 A00AA01 CHARLES SCHWAB & CO., INC.
014 B00AA01 8-16514
014 A00AA02 SHARELINK
014 B00AA02 8-00000
015 A00AA01 PNC BANK, N.A.
015 B00AA01 C
015 C01AA01 PHILADELPHIA
015 C02AA01 PA
015 C03AA01 19101
015 E01AA01 X
018  00AA00 Y
019 A00AA00 Y
019 B00AA00   24
019 C00AA00 SCHWABFUND
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020 C000002      0
020 C000003      0
020 C000004      0
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020 C000008      0
020 C000009      0
020 C000010      0
021  000000        0
022 A000001 CS FRIST BOSTON CORP.
022 B000001 13-5659485
022 C000001     24137
022 D000001         0
022 A000002 HSBC SECURITIES
022 B000002 13-2650272
022 C000002     13770
022 D000002      6981
022 A000003 LEHMAN BROTHERS, INC.
022 B000003 13-2518466
022 C000003     24637
022 D000003       354
022 A000004 FUJI SECURITIES
022 B000004 36-2880724
022 C000004      5488
022 D000004      1654
022 A000005 SALOMON BROTHERS, INC.
022 B000005 13-3082694
<PAGE>      PAGE  3
022 C000005      3199
022 D000005      2162
022 A000006 BA SECURITIES, INC.
022 B000006 95-4035346
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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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080 A00AA00 GULF INSURANCE COMPANY
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SIGNATURE   WILLIAM J. KLIPP                             
TITLE       COO                 
 


<TABLE> <S> <C>

<ARTICLE> 6
<SERIES>
   <NUMBER> 1
   <NAME> SCHWAB MONEY MARKET PORTFOLIO
       
<S>                             <C>
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          JUN-30-1996
<PERIOD-START>                             JAN-01-1996
<PERIOD-END>                               JUN-30-1996
<INVESTMENTS-AT-COST>                         24780553
<INVESTMENTS-AT-VALUE>                        24780553
<RECEIVABLES>                                   143924
<ASSETS-OTHER>                                   28635
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                                24953112
<PAYABLE-FOR-SECURITIES>                             0
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                       715019
<TOTAL-LIABILITIES>                             715019
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                      24338945
<SHARES-COMMON-STOCK>                         24238945
<SHARES-COMMON-PRIOR>                         16912432
<ACCUMULATED-NII-CURRENT>                            0
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                          (852)
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                             0
<NET-ASSETS>                                  24238093
<DIVIDEND-INCOME>                                    0
<INTEREST-INCOME>                               521417
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                   48897
<NET-INVESTMENT-INCOME>                         472520
<REALIZED-GAINS-CURRENT>                         (788)
<APPREC-INCREASE-CURRENT>                            0
<NET-CHANGE-FROM-OPS>                           471732
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                       472520
<DISTRIBUTIONS-OF-GAINS>                             0
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<SHARES-REINVESTED>                             536639
<NET-CHANGE-IN-ASSETS>                         7325661
<ACCUMULATED-NII-PRIOR>                              0
<ACCUMULATED-GAINS-PRIOR>                         (64)
<OVERDISTRIB-NII-PRIOR>                              0
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<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        


</TABLE>


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