<PAGE> PAGE 1
000 A000000 06/30/98
000 C000000 0000920467
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 FIXED INCOME SERIES, INC.
001 B000000 811-07153
001 C000000 4103452230
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 2
013 A00AA01 PRICE WATERHOUSE COOPERS LLP
013 B01AA01 BALTIMORE
013 B02AA01 MD
013 B03AA01 21202
018 00AA00 Y
019 A00AA00 Y
019 B00AA00 86
019 C00AA00 TROWEPRICE
020 C000001 0
020 C000002 0
020 C000003 0
020 C000004 0
020 C000005 0
020 C000006 0
020 C000007 0
020 C000008 0
020 C000009 0
020 C000010 0
021 000000 0
022 A000001 GOLDMAN, SACHS & CO.
022 B000001 13-5108880
022 C000001 65909
022 D000001 2229
022 A000002 CS FIRST BOSTON CORP.
022 B000002 13-5659485
022 C000002 17247
022 D000002 1255
022 A000003 LEHMAN BROTHERS, INC.
022 B000003 13-2518466
<PAGE> PAGE 2
022 C000003 15560
022 D000003 1595
022 A000004 CHASE SECURITIES, INC.
022 B000004 13-3112953
022 C000004 7120
022 D000004 2070
022 A000005 MORGAN (JP) SECURITIES, INC.
022 B000005 13-3224016
022 C000005 7032
022 D000005 914
022 A000006 SALOMON, SMITH BARNEY, INC.
022 B000006 13-3082694
022 C000006 2760
022 D000006 527
022 A000007 MERRILL, LYNCH, PIERCE, FENNER & SMITH
022 B000007 13-5674085
022 C000007 1357
022 D000007 807
022 A000008 PAINE WEBBER, INC.
022 B000008 13-2638166
022 C000008 1879
022 D000008 103
022 A000009 UBS SECURITIES, INC.
022 B000009 13-2932996
022 C000009 1195
022 D000009 197
022 A000010 CITICORP INVESTMENT SERVICES
022 B000010 13-2771536
022 C000010 1096
022 D000010 0
023 C000000 127511
023 D000000 10371
026 A000000 N
026 B000000 Y
026 C000000 N
026 D000000 Y
026 E000000 N
026 F000000 N
026 G010000 N
026 G020000 N
026 H000000 Y
027 000000 Y
054 A00AA00 Y
054 B00AA00 N
054 C00AA00 N
054 D00AA00 N
054 E00AA00 N
054 F00AA00 N
054 G00AA00 N
054 H00AA00 Y
054 I00AA00 N
<PAGE> PAGE 3
054 J00AA00 Y
054 K00AA00 N
054 L00AA00 N
054 M00AA00 Y
054 N00AA00 N
054 O00AA00 Y
077 A000000 N
028 A010100 1897
028 A020100 119
028 A030100 0
028 A040100 1285
028 B010100 1410
028 B020100 122
028 B030100 0
028 B040100 401
028 C010100 1991
028 C020100 126
028 C030100 0
028 C040100 683
028 D010100 1562
028 D020100 136
028 D030100 0
028 D040100 531
028 E010100 3095
028 E020100 142
028 E030100 0
028 E040100 427
028 F010100 3271
028 F020100 156
028 F030100 0
028 F040100 828
028 G010100 13226
028 G020100 801
028 G030100 0
028 G040100 4155
028 H000100 0
049 000100 N
050 000100 N
051 000100 N
052 000100 N
053 A000100 Y
053 B000100 Y
053 C000100 N
055 A000100 N
055 B000100 N
056 000100 Y
057 000100 N
062 A000100 Y
062 B000100 1.8
062 C000100 0.3
062 D000100 0.0
<PAGE> PAGE 4
062 E000100 0.0
062 F000100 0.0
062 G000100 0.0
062 H000100 0.0
062 I000100 0.0
062 J000100 0.0
062 K000100 0.0
062 L000100 1.7
062 M000100 10.8
062 N000100 22.4
062 O000100 0.1
062 P000100 55.4
062 Q000100 0.0
062 R000100 7.5
063 A000100 0
063 B000100 3.9
064 A000100 N
064 B000100 N
070 A010100 Y
070 A020100 N
070 B010100 N
070 B020100 N
070 C010100 Y
070 C020100 N
070 D010100 N
070 D020100 N
070 E010100 Y
070 E020100 N
070 F010100 N
070 F020100 N
070 G010100 Y
070 G020100 N
070 H010100 N
070 H020100 N
070 I010100 N
070 I020100 N
070 J010100 Y
070 J020100 Y
070 K010100 Y
070 K020100 Y
070 L010100 Y
070 L020100 N
070 M010100 Y
070 M020100 N
070 N010100 Y
070 N020100 N
070 O010100 Y
070 O020100 N
070 P010100 Y
070 P020100 N
070 Q010100 N
<PAGE> PAGE 5
070 Q020100 N
070 R010100 N
070 R020100 N
071 A000100 15716
071 B000100 5858
071 C000100 22884
071 D000100 26
072 A000100 6
072 B000100 903
072 C000100 0
072 D000100 0
072 E000100 0
072 F000100 97
072 G000100 0
072 H000100 0
072 I000100 0
072 J000100 0
072 K000100 0
072 L000100 0
072 M000100 0
072 N000100 0
072 O000100 0
072 P000100 0
072 Q000100 0
072 R000100 0
072 S000100 0
072 T000100 0
072 U000100 0
072 V000100 0
072 W000100 0
072 X000100 97
072 Y000100 0
072 Z000100 806
072AA000100 57
072BB000100 0
072CC010100 0
072CC020100 16
072DD010100 805
072DD020100 0
072EE000100 0
073 A010100 0.1420
073 A020100 0.0000
073 B000100 0.0000
073 C000100 0.0000
074 A000100 0
074 B000100 0
074 C000100 1300
074 D000100 29852
074 E000100 0
074 F000100 0
074 G000100 0
<PAGE> PAGE 6
074 H000100 0
074 I000100 2535
074 J000100 0
074 K000100 0
074 L000100 805
074 M000100 4
074 N000100 34496
074 O000100 0
074 P000100 0
074 Q000100 0
074 R010100 0
074 R020100 0
074 R030100 0
074 R040100 302
074 S000100 0
074 T000100 34194
074 U010100 6877
074 U020100 0
074 V010100 4.97
074 V020100 0.00
074 W000100 0.0000
074 X000100 13
074 Y000100 0
075 A000100 0
075 B000100 28061
076 000100 0.00
028 A010200 1427
028 A020200 50
028 A030200 0
028 A040200 1244
028 B010200 1698
028 B020200 47
028 B030200 0
028 B040200 1564
028 C010200 1975
028 C020200 52
028 C030200 0
028 C040200 988
028 D010200 2254
028 D020200 54
028 D030200 0
028 D040200 1910
028 E010200 2423
028 E020200 60
028 E030200 0
028 E040200 936
028 F010200 2449
028 F020200 62
028 F030200 0
028 F040200 1803
028 G010200 12226
<PAGE> PAGE 7
028 G020200 325
028 G030200 0
028 G040200 8445
028 H000200 0
049 000200 N
050 000200 N
051 000200 N
052 000200 N
053 A000200 Y
053 B000200 Y
053 C000200 N
055 A000200 Y
055 B000200 N
056 000200 Y
057 000200 N
062 A000200 Y
062 B000200 0.0
062 C000200 0.0
062 D000200 0.0
062 E000200 0.0
062 F000200 25.0
062 G000200 0.0
062 H000200 0.0
062 I000200 63.2
062 J000200 0.0
062 K000200 0.0
062 L000200 11.8
062 M000200 0.0
062 N000200 0.0
062 O000200 0.0
062 P000200 0.0
062 Q000200 0.0
062 R000200 0.0
063 A000200 68
063 B000200 0.0
064 A000200 N
064 B000200 N
070 A010200 Y
070 A020200 N
070 B010200 N
070 B020200 N
070 C010200 Y
070 C020200 N
070 D010200 N
070 D020200 N
070 E010200 Y
070 E020200 N
070 F010200 N
070 F020200 N
070 G010200 Y
070 G020200 N
<PAGE> PAGE 8
070 H010200 N
070 H020200 N
070 I010200 N
070 I020200 N
070 J010200 Y
070 J020200 Y
070 K010200 Y
070 K020200 N
070 L010200 Y
070 L020200 N
070 M010200 Y
070 M020200 N
070 N010200 Y
070 N020200 N
070 O010200 Y
070 O020200 N
070 P010200 Y
070 P020200 N
070 Q010200 N
070 Q020200 N
070 R010200 N
070 R020200 N
071 A000200 0
071 B000200 0
071 C000200 0
071 D000200 0
072 A000200 6
072 B000200 361
072 C000200 0
072 D000200 0
072 E000200 0
072 F000200 34
072 G000200 0
072 H000200 0
072 I000200 0
072 J000200 0
072 K000200 0
072 L000200 0
072 M000200 0
072 N000200 0
072 O000200 0
072 P000200 0
072 Q000200 0
072 R000200 0
072 S000200 0
072 T000200 0
072 U000200 0
072 V000200 0
072 W000200 0
072 X000200 34
072 Y000200 0
<PAGE> PAGE 9
072 Z000200 327
072AA000200 0
072BB000200 0
072CC010200 0
072CC020200 0
072DD010200 327
072DD020200 0
072EE000200 0
073 A010200 0.0258
073 A020200 0.0000
073 B000200 0.0000
073 C000200 0.0000
074 A000200 0
074 B000200 0
074 C000200 15275
074 D000200 0
074 E000200 0
074 F000200 0
074 G000200 0
074 H000200 0
074 I000200 0
074 J000200 0
074 K000200 4
074 L000200 151
074 M000200 3
074 N000200 15434
074 O000200 0
074 P000200 0
074 Q000200 0
074 R010200 0
074 R020200 0
074 R030200 0
074 R040200 364
074 S000200 0
074 T000200 15070
074 U010200 15070
074 U020200 0
074 V010200 1.00
074 V020200 0.00
074 W000200 1.0000
074 X000200 4
074 Y000200 0
075 A000200 12581
075 B000200 0
076 000200 0.00
SIGNATURE HENRY HOPKINS
TITLE VICE PRESIDENT
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000920467
<NAME> T.ROWE PRICE LIMITED-TERM BOND PORTFOLIO
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> DEC-31-1998
<PERIOD-END> JUN-30-1998
<INVESTMENTS-AT-COST> 33482
<INVESTMENTS-AT-VALUE> 33687
<RECEIVABLES> 805
<ASSETS-OTHER> 4
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 34496
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 302
<TOTAL-LIABILITIES> 302
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 34044
<SHARES-COMMON-STOCK> 6877
<SHARES-COMMON-PRIOR> 4892
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 22
<ACCUMULATED-NET-GAINS> 0
<OVERDISTRIBUTION-GAINS> 33
<ACCUM-APPREC-OR-DEPREC> 205
<NET-ASSETS> 34194
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 903
<OTHER-INCOME> 0
<EXPENSES-NET> 97
<NET-INVESTMENT-INCOME> 806
<REALIZED-GAINS-CURRENT> 57
<APPREC-INCREASE-CURRENT> (16)
<NET-CHANGE-FROM-OPS> 847
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 805
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 2659
<NUMBER-OF-SHARES-REDEEMED> 835
<SHARES-REINVESTED> 161
<NET-CHANGE-IN-ASSETS> 9914
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 23
<OVERDIST-NET-GAINS-PRIOR> 90
<GROSS-ADVISORY-FEES> 97
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 97
<AVERAGE-NET-ASSETS> 28061
<PER-SHARE-NAV-BEGIN> 4.93
<PER-SHARE-NII> .14
<PER-SHARE-GAIN-APPREC> .04
<PER-SHARE-DIVIDEND> .14
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 4.97
<EXPENSE-RATIO> .70
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000920467
<NAME> T.ROWE PRICE PRIME RESERVE PORTFOLIO
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> DEC-31-1998
<PERIOD-END> JUN-30-1998
<INVESTMENTS-AT-COST> 15275
<INVESTMENTS-AT-VALUE> 15275
<RECEIVABLES> 151
<ASSETS-OTHER> 8
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 15434
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 364
<TOTAL-LIABILITIES> 364
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 15070
<SHARES-COMMON-STOCK> 15070
<SHARES-COMMON-PRIOR> 10964
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 0
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 0
<NET-ASSETS> 15070
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 361
<OTHER-INCOME> 0
<EXPENSES-NET> 34
<NET-INVESTMENT-INCOME> 327
<REALIZED-GAINS-CURRENT> 0
<APPREC-INCREASE-CURRENT> 0
<NET-CHANGE-FROM-OPS> 327
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 327
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 12226
<NUMBER-OF-SHARES-REDEEMED> 8445
<SHARES-REINVESTED> 325
<NET-CHANGE-IN-ASSETS> 4106
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 34
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 34
<AVERAGE-NET-ASSETS> 12581
<PER-SHARE-NAV-BEGIN> 1.000
<PER-SHARE-NII> .026
<PER-SHARE-GAIN-APPREC> 0
<PER-SHARE-DIVIDEND> .026
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 1.000
<EXPENSE-RATIO> .55
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>