SCHWAB ANNUITY PORTFOLIOS
NSAR-B, 1998-02-27
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<PAGE>      PAGE  1
000 B000000 12/31/97
000 C000000 0000918266
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 SCHWAB ANNUITY PORTFOLIOS
001 B000000 811-8314
001 C000000 4159747620
002 A000000 101 MONTGOMERY ST
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  3
007 C010100  1
007 C020100 SCHWAB MONEY MARKET PORTFOLIO
007 C030100 N
007 C010200  2
007 C020200 SCHWAB ASSET DIRECTOR-HIGH GROWTH PORTFOLIO
007 C030200 N
007 C010300  3
007 C020300 SCHWAB S&P 500 PORTFOLIO
007 C030300 N
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 MANAGEMENT, 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
<PAGE>      PAGE  2
011 C01AA01 SAN FRANCISCO
011 C02AA01 CA
011 C03AA01 94104
012 A00AA01 CHARLES SCHWAB & CO., INC.
012 B00AA01 84-1256
012 C01AA01 SAN FRANCISCO
012 C02AA01 CA
012 C03AA01 94104
013 A00AA01 PRICE WATERHOUSE LLP
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 8-0000
014 A00AA03 MAYER & SCHWEITZER, INC.
014 B00AA03 8-13535
018  00AA00 Y
019 A00AA00 Y
019 B00AA00   31
019 C00AA00 SCHWABFUND
020 A000001 INSTINET CLS
020 B000001 13-3443395
020 C000001     15
020 A000002 INVESTMENT TECHNOLOGY GROUP
020 B000002 95-3282828
020 C000002      1
020 A000003 MORGAN STANLEY & COMPANY
020 B000003 13-2731512
020 C000003      1
020 A000004 WEEDER
020 B000004 13-3364318
020 C000004      1
020 C000005      0
020 C000006      0
020 C000007      0
020 C000008      0
020 C000009      0
020 C000010      0
021  000000       18
022 A000001 HSBC SECURITIES INC.
022 B000001 13-3650272
022 C000001     56840
022 D000001     34282
022 A000002 LEHMAN BROTHERS INC.
022 B000002 13-2518466
022 C000002     60180
022 D000002      4707
022 A000003 C S FIRST BOSTON
022 B000003 13-5659485
<PAGE>      PAGE  3
022 C000003     54003
022 D000003       415
022 A000004 J. P .MORGAN
022 B000004 13-3224016
022 C000004     43573
022 D000004      2280
022 A000005 MORGAN STANLEY
022 B000005 13-2655998
022 C000005     20178
022 D000005      3983
022 A000006 MERRILL LYNCH
022 B000006 13-5674085
022 C000006     13310
022 D000006      2825
022 A000007 BA SECURITIES, INC.
022 B000007 95-4035346
022 C000007     14600
022 D000007         0
022 A000008 LEHMAN GOVT SECURITIES
022 C000008     13277
022 D000008       425
022 A000009 FUJI SECURITIES
022 B000009 36-3880742
022 C000009      6650
022 D000009      4278
022 A000010 ROBERTSON STEPHENS
022 C000010      2642
022 D000010       359
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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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070 Q020100 N
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<PAGE>      PAGE  9
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015 A000201 MORGAN STANLEY TRUST COMPANY
015 B000201 C
015 C010201 BROOKLYN
015 C020201 NY
015 C030201 11201
015 E020201 X
015 A000202 DELETE
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<PAGE>      PAGE  10
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<PAGE>      PAGE  11
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<PAGE>      PAGE  12
070 E020200 N
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070 H010200 Y
070 H020200 N
070 I010200 Y
070 I020200 N
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070 J020200 N
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070 K020200 Y
070 L010200 Y
070 L020200 Y
070 M010200 Y
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070 Q020200 N
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<PAGE>      PAGE  13
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<PAGE>      PAGE  14
015 B000301 C
015 C010301 PHILADELPHIA
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<PAGE>      PAGE  15
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<PAGE>      PAGE  16
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<PAGE>      PAGE  17
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<PAGE>      PAGE  18
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SIGNATURE   KATHY THREN                                  
TITLE       COUNSEL             
 


<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000918266
<NAME> SCHWAB ANNUITY PORTFOLIO
<SERIES>
   <NUMBER> 01
   <NAME> SCHWAB MONEY MARKET PORTFOLIO
<MULTIPLIER> 1000
       
<S>                             <C>
<PERIOD-TYPE>                   6-MOS
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<TABLE> <S> <C>

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<CIK> 0000918266
<NAME> SCHWAB ANNUITY PORTFOLIO
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   <NAME> SCHWAB ASSET DIRECTOR-HIGH GROWTH PORTFOLIO
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</TABLE>

<TABLE> <S> <C>

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