PRICE T ROWE EQUITY SERIES INC
NSAR-B, 1997-02-27
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<PAGE>      PAGE  1
000 B000000 12/31/96
000 C000000 0000918294
000 D000000 N
000 E000000 NF
000 F000000 Y
000 G000000 N
000 H000000 N
000 I000000 3.0.a
000 J000000 U
001 A000000 T.ROWE PRICE EQUITY SERIES, INC.
001 B000000 811-07143
001 C000000 4103452000
002 A000000 100 EAST PRATT STREET
002 B000000 BALTIMORE
002 C000000 MD
002 D010000 21202
003  000000 N
004  000000 N
005  000000 N
006  000000 N
007 A000000 Y
007 B000000  3
007 C010100  1
007 C020100 T. ROWE PRICE EQUITY INCOME PORTFOLIO
007 C030100 N
007 C010200  2
007 C020200 T. ROWE PRICE NEW AMERICA GROWTH PORTFOLIO
007 C030200 N
007 C010300  3
007 C020300 T. ROWE PRICE PERSONAL STRATEGY BALANCED PORT
007 C030300 N
007 C010400  4
007 C010500  5
007 C010600  6
007 C010700  7
007 C010800  8
007 C010900  9
007 C011000 10
015 A00AA01 STATE STREET BANK AND TRUST COMPANY
015 B00AA01 C
015 C01AA01 BOSTON
015 C02AA01 MA
015 C03AA01 02110
015 E01AA01 X
018  00AA00 Y
019 A00AA00 Y
019 B00AA00   76
019 C00AA00 TROWEPRICE
020 A000001 INVESTMENT TECHNOLOGY
020 B000001 95-4339369
020 C000001     46
<PAGE>      PAGE  2
020 A000002 INSTINET
020 B000002 13-3443395
020 C000002     10
020 A000003 CITATION GROUP
020 B000003 13-3144415
020 C000003      6
020 A000004 ROBERT FLEMING
020 B000004 FOREIGN
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020 A000005 MORGAN STANLEY
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020 C000005      5
020 A000006 BRIDGE TRADING
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020 A000007 DONALDSON LUFKIN JENRETTE
020 B000007 13-2741729
020 C000007      4
020 A000008 PAINE WEBBER
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020 C000008      4
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<PAGE>      PAGE  3
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080 A00AA00 ICI MUTUAL INSURANCE COMPANY
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<PAGE>      PAGE  4
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<PAGE>      PAGE  5
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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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<PAGE>      PAGE  10
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<PAGE>      PAGE  11
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SIGNATURE   HENRY HOPKINS                                
TITLE       VICE PRESIDENT      
 


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<NAME> T. ROWE PRICE EQUITY SERIES, INC.
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