<PAGE> PAGE 1
000 A000000 06/30/96
000 C000000 0000921131
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 GNA VARIABLE SERIES TRUST
001 B000000 811-8456
001 C000000 2066251755
002 A000000 SUITE 5600 TWO UNION SQUARE
002 B000000 SEATTLE
002 C000000 WA
002 D010000 98101
002 D020000 2336
003 000000 N
004 000000 N
005 000000 N
006 000000 N
007 A000000 Y
007 B000000 4
007 C010100 1
007 C020100 GNA GOVERNMENT PORTFOLIO
007 C030100 N
007 C010200 2
007 C020200 GNA GROWTH PORTFOLIO
007 C030200 N
007 C010300 3
007 C020300 GNA VALUE PORTFOLIO
007 C030300 N
007 C010400 4
007 C020400 GNA ADJUSTABLE RATE PORTFOLIO
007 C030400 N
007 C010500 5
007 C010600 6
007 C010700 7
007 C010800 8
007 C010900 9
007 C011000 10
011 A00AA01 GNA DISTRIBUTORS, INC.
011 B00AA01 8-46211
011 C01AA01 SEATTLE
011 C02AA01 WA
011 C03AA01 98101
011 C04AA01 2336
012 A00AA01 STATE STREET BANK AND TRUST COMPANY
012 B00AA01 85-05003
012 C01AA01 BOSTON
012 C02AA01 MA
<PAGE> PAGE 2
012 C03AA01 02103
013 A00AA01 COOPERS & LYBRAND L.L.P.
013 B01AA01 BOSTON
013 B02AA01 MA
013 B03AA01 02109
014 A00AA01 GNA DISTRIBUTORS, INC.
014 B00AA01 8-46211
014 A00AA02 PAINEWBBER INCORPORATED
014 B00AA02 8-16267
014 A00AA03 MITCHELL HUTCHINS ASSET MANAGEMENT, INC.
014 B00AA03 8-21901
014 A00AA04 FORTH FINANCIAL SECURITIES, CORP.
014 B00AA04 8-30557
014 A00AA05 GECC CAPITAL MARKETS GROUP,INC.
014 B00AA05 8-29149
014 A00AA21 GE INVESTMENT SERVICES,INC.
014 B00AA21 8-45710
014 A00AA22 GNA SECURITIES,INC.
014 B00AA22 8-26614
015 A00AA01 STATE STREET BANK & 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 9
019 C00AA00 INVTRSTGNA
020 A000001 FAGENSON & CO
020 B000001 13-1939961
020 C000001 2
020 A000002 MCDONALD & CO.
020 B000002 34-1391952
020 C000002 2
020 A000003 MESIROW CAPITAL INC.
020 B000003 36-3194849
020 C000003 1
020 A000004 LEWCO SECS
020 B000004 22-3039058
020 C000004 1
020 A000005 LEHMAN BROS
020 B000005 13-2518466
020 C000005 1
020 A000006 SMITH BARNEY
020 B000006 13-2726611
020 C000006 1
020 A000007 PRUDENTIAL SECS
020 B000007 22-2347336
020 C000007 1
020 A000008 LEGG MASON WOOD WALKER INC.
<PAGE> PAGE 3
020 B000008 52-0902557
020 C000008 1
020 A000009 DONALDSON LUFKIN
020 B000009 13-2741729
020 C000009 1
020 A000010 HOENIG & CO.
020 B000010 13-2656060
020 C000010 1
021 000000 15
022 A000001 STATE STREET BANK & TRUST CO
022 B000001 04-1867445
022 C000001 37536
022 D000001 0
022 A000002 FIRST CHICAGO ITIES MARKETS
022 B000002 36-3595942
022 C000002 2490
022 D000002 0
022 A000003 GOLDMAN SACHS
022 B000003 13-5108880
022 C000003 2002
022 D000003 0
022 A000004 MERRIL, LYNCH, PIERCE, FENNER, & SMITH
022 B000004 13-5674085
022 C000004 1926
022 D000004 0
022 A000005 LEHMAN BROS
022 B000005 13-2518466
022 C000005 1866
022 D000005 0
022 A000006 BEAR, STEARNS, & COMPANY
022 B000006 13-4946705
022 C000006 1762
022 D000006 0
022 A000007 SMITH BARNEY INC.
022 B000007 13-2726611
022 C000007 237
022 D000007 0
022 A000008 MORGAN STANLEY
022 B000008 13-2655598
022 C000008 203
022 D000008 0
022 A000009 RAGEN MACKENZIE INC
022 B000009 91-1374280
022 C000009 199
022 D000009 0
022 A000010 SOLOMAN BROS
022 B000010 13-3082694
022 C000010 193
022 D000010 0
023 C000000 48532
023 D000000 0
<PAGE> PAGE 4
024 00AA00 N
025 D00AA01 0
025 D00AA02 0
025 D00AA03 0
025 D00AA04 0
025 D00AA05 0
025 D00AA06 0
025 D00AA07 0
025 D00AA08 0
026 A000000 N
026 B000000 Y
026 C000000 Y
026 D000000 Y
026 E000000 N
026 F000000 N
026 G010000 N
026 G020000 N
026 H000000 N
027 000000 Y
029 00AA00 N
030 A00AA00 0
030 B00AA00 0.00
030 C00AA00 0.00
031 A00AA00 0
031 B00AA00 0
032 00AA00 0
033 00AA00 0
034 00AA00 N
035 00AA00 0
036 B00AA00 0
037 00AA00 N
038 00AA00 0
039 00AA00 N
040 00AA00 N
041 00AA00 N
042 A00AA00 0
042 B00AA00 0
042 C00AA00 0
042 D00AA00 0
042 E00AA00 0
042 F00AA00 0
042 G00AA00 0
042 H00AA00 0
043 00AA00 0
044 00AA00 0
054 A00AA00 N
054 B00AA00 N
054 C00AA00 N
054 D00AA00 N
054 E00AA00 N
054 F00AA00 N
<PAGE> PAGE 5
054 G00AA00 N
054 H00AA00 N
054 I00AA00 N
054 J00AA00 N
054 K00AA00 N
054 L00AA00 N
054 M00AA00 N
054 N00AA00 N
054 O00AA00 N
055 A00AA00 N
055 B00AA00 N
056 00AA00 N
057 00AA00 N
058 A00AA00 N
059 00AA00 Y
060 A00AA00 Y
060 B00AA00 Y
061 00AA00 0
077 A000000 N
078 000000 N
080 C00AA00 0
081 B00AA00 0
082 B00AA00 0
083 A00AA00 N
083 B00AA00 0
084 A00AA00 N
084 B00AA00 0
085 A00AA00 Y
085 B00AA00 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
086 F010000 0
086 F020000 0
008 A000101 GNA CAPITAL MANAGEMENT, INC.
008 B000101 A
008 C000101 801-29116
008 D010101 SEATTLE
008 D020101 WA
008 D030101 98101
008 D040101 2336
028 A010100 498
028 A020100 37
028 A030100 0
<PAGE> PAGE 6
028 A040100 51
028 B010100 383
028 B020100 41
028 B030100 0
028 B040100 16
028 C010100 117
028 C020100 40
028 C030100 0
028 C040100 61
028 D010100 110
028 D020100 43
028 D030100 0
028 D040100 182
028 E010100 98
028 E020100 41
028 E030100 0
028 E040100 12
028 F010100 17
028 F020100 43
028 F030100 0
028 F040100 10
028 G010100 1223
028 G020100 245
028 G030100 0
028 G040100 332
028 H000100 0
045 000100 Y
046 000100 N
047 000100 Y
048 000100 0.000
048 A010100 500000
048 A020100 0.650
048 B010100 250000
048 B020100 0.600
048 C010100 500000
048 C020100 0.550
048 D010100 250000
048 D020100 0.500
048 E010100 0
048 E020100 0.000
048 F010100 0
048 F020100 0.000
048 G010100 0
048 G020100 0.000
048 H010100 0
048 H020100 0.000
048 I010100 0
048 I020100 0.000
048 J010100 0
048 J020100 0.000
048 K010100 1500000
<PAGE> PAGE 7
048 K020100 0.450
049 000100 N
050 000100 N
051 000100 N
052 000100 Y
053 A000100 Y
053 B000100 Y
053 C000100 N
062 A000100 Y
062 B000100 0.0
062 C000100 0.0
062 D000100 0.0
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 5.9
062 M000100 0.0
062 N000100 93.3
062 O000100 0.0
062 P000100 0.0
062 Q000100 0.0
062 R000100 0.0
063 A000100 0
063 B000100 7.3
064 A000100 N
064 B000100 N
066 A000100 N
067 000100 N
068 A000100 N
068 B000100 N
069 000100 N
070 A010100 Y
070 A020100 N
070 B010100 N
070 B020100 N
070 C010100 Y
070 C020100 Y
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
<PAGE> PAGE 8
070 I010100 N
070 I020100 N
070 J010100 N
070 J020100 N
070 K010100 Y
070 K020100 Y
070 L010100 N
070 L020100 N
070 M010100 N
070 M020100 N
070 N010100 Y
070 N020100 N
070 O010100 Y
070 O020100 N
070 P010100 N
070 P020100 N
070 Q010100 Y
070 Q020100 N
070 R010100 Y
070 R020100 N
071 A000100 1322
071 B000100 125
071 C000100 7326
071 D000100 2
072 A000100 6
072 B000100 281
072 C000100 0
072 D000100 0
072 E000100 0
072 F000100 21
072 G000100 0
072 H000100 0
072 I000100 5
072 J000100 17
072 K000100 2
072 L000100 0
072 M000100 2
072 N000100 0
072 O000100 5
072 P000100 0
072 Q000100 0
072 R000100 6
072 S000100 8
072 T000100 0
072 U000100 1
072 V000100 0
072 W000100 3
072 X000100 70
072 Y000100 35
072 Z000100 246
072AA000100 102
<PAGE> PAGE 9
072BB000100 150
072CC010100 0
072CC020100 290
072DD010100 246
072DD020100 0
072EE000100 0
073 A010100 0.8270
073 A020100 0.0000
073 B000100 0.0000
073 C000100 0.0000
074 A000100 0
074 B000100 0
074 C000100 0
074 D000100 7911
074 E000100 0
074 F000100 0
074 G000100 0
074 H000100 0
074 I000100 0
074 J000100 0
074 K000100 18
074 L000100 95
074 M000100 8
074 N000100 8032
074 O000100 0
074 P000100 7
074 Q000100 0
074 R010100 0
074 R020100 0
074 R030100 0
074 R040100 51
074 S000100 0
074 T000100 7974
074 U010100 306
074 U020100 0
074 V010100 26.04
074 V020100 0.00
074 W000100 0.0000
074 X000100 6
074 Y000100 96
075 A000100 0
075 B000100 7755
076 000100 0.00
008 A000201 GNA CAPITAL MANAGEMENT, INC.
008 B000201 A
008 C000201 801-29116
008 D010201 SEATTLE
008 D020201 WA
008 D030201 98101
008 D040201 2336
008 A000202 VALUE LINE, INC.
<PAGE> PAGE 10
008 B000202 S
008 C000202 801-625
008 D010202 NEW YORK
008 D020202 NY
008 D030202 10017
008 D040202 5891
028 A010200 1035
028 A020200 0
028 A030200 0
028 A040200 4
028 B010200 735
028 B020200 0
028 B030200 0
028 B040200 11
028 C010200 403
028 C020200 0
028 C030200 0
028 C040200 14
028 D010200 437
028 D020200 0
028 D030200 0
028 D040200 24
028 E010200 398
028 E020200 0
028 E030200 0
028 E040200 35
028 F010200 201
028 F020200 0
028 F030200 0
028 F040200 24
028 G010200 3209
028 G020200 0
028 G030200 0
028 G040200 112
028 H000200 0
045 000200 Y
046 000200 N
047 000200 Y
048 000200 0.000
048 A010200 100000
048 A020200 0.800
048 B010200 0
048 B020200 0.000
048 C010200 0
048 C020200 0.000
048 D010200 0
048 D020200 0.000
048 E010200 0
048 E020200 0.000
048 F010200 0
048 F020200 0.000
<PAGE> PAGE 11
048 G010200 0
048 G020200 0.000
048 H010200 0
048 H020200 0.000
048 I010200 0
048 I020200 0.000
048 J010200 0
048 J020200 0.000
048 K010200 100000
048 K020200 0.700
049 000200 N
050 000200 N
051 000200 N
052 000200 N
053 A000200 Y
053 B000200 Y
053 C000200 N
062 A000200 N
062 B000200 0.0
062 C000200 0.0
062 D000200 0.0
062 E000200 0.0
062 F000200 0.0
062 G000200 0.0
062 H000200 0.0
062 I000200 0.0
062 J000200 0.0
062 K000200 0.0
062 L000200 0.0
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 0
063 B000200 0.0
066 A000200 Y
066 B000200 N
066 C000200 N
066 D000200 Y
066 E000200 N
066 F000200 N
066 G000200 N
067 000200 N
068 A000200 N
068 B000200 N
069 000200 N
070 A010200 Y
070 A020200 Y
070 B010200 Y
<PAGE> PAGE 12
070 B020200 N
070 C010200 N
070 C020200 N
070 D010200 Y
070 D020200 N
070 E010200 Y
070 E020200 N
070 F010200 Y
070 F020200 N
070 G010200 Y
070 G020200 N
070 H010200 Y
070 H020200 N
070 I010200 N
070 I020200 N
070 J010200 N
070 J020200 N
070 K010200 Y
070 K020200 Y
070 L010200 Y
070 L020200 Y
070 M010200 N
070 M020200 N
070 N010200 Y
070 N020200 N
070 O010200 Y
070 O020200 N
070 P010200 N
070 P020200 N
070 Q010200 Y
070 Q020200 N
070 R010200 Y
070 R020200 N
071 A000200 6306
071 B000200 2234
071 C000200 8264
071 D000200 27
072 A000200 6
072 B000200 32
072 C000200 52
072 D000200 0
072 E000200 0
072 F000200 37
072 G000200 0
072 H000200 0
072 I000200 5
072 J000200 20
072 K000200 2
072 L000200 0
072 M000200 2
072 N000200 0
<PAGE> PAGE 13
072 O000200 4
072 P000200 0
072 Q000200 0
072 R000200 6
072 S000200 5
072 T000200 0
072 U000200 1
072 V000200 0
072 W000200 1
072 X000200 83
072 Y000200 32
072 Z000200 33
072AA000200 214
072BB000200 401
072CC010200 734
072CC020200 0
072DD010200 0
072DD020200 0
072EE000200 0
073 A010200 0.0000
073 A020200 0.0000
073 B000200 0.0000
073 C000200 0.0000
074 A000200 0
074 B000200 0
074 C000200 439
074 D000200 0
074 E000200 0
074 F000200 10096
074 G000200 0
074 H000200 0
074 I000200 0
074 J000200 68
074 K000200 17
074 L000200 19
074 M000200 8
074 N000200 10648
074 O000200 0
074 P000200 14
074 Q000200 0
074 R010200 0
074 R020200 0
074 R030200 0
074 R040200 30
074 S000200 0
074 T000200 10604
074 U010200 299
074 U020200 0
074 V010200 35.51
074 V020200 0.00
074 W000200 0.0000
<PAGE> PAGE 14
074 X000200 6
074 Y000200 0
075 A000200 0
075 B000200 9352
076 000200 0.00
008 A000301 GNA CAPITAL MANAGEMENT,INC.
008 B000301 A
008 C000301 801-29116
008 D010301 SEATTLE
008 D020301 WA
008 D030301 98101
008 D040301 2336
008 A000302 DUFF & PHELPS INVESTMENT MANAGEMENT CO
008 B000302 S
008 C000302 801-14813
008 D010302 CHICAGO
008 D020302 IL
008 D030302 60603
028 A010300 1159
028 A020300 0
028 A030300 0
028 A040300 3
028 B010300 952
028 B020300 0
028 B030300 0
028 B040300 4
028 C010300 400
028 C020300 21
028 C030300 0
028 C040300 6
028 D010300 452
028 D020300 0
028 D030300 0
028 D040300 30
028 E010300 159
028 E020300 0
028 E030300 0
028 E040300 9
028 F010300 240
028 F020300 36
028 F030300 0
028 F040300 31
028 G010300 3362
028 G020300 57
028 G030300 0
028 G040300 83
028 H000300 0
045 000300 Y
046 000300 N
047 000300 Y
048 000300 0.000
<PAGE> PAGE 15
048 A010300 100000
048 A020300 0.800
048 B010300 0
048 B020300 0.000
048 C010300 0
048 C020300 0.000
048 D010300 0
048 D020300 0.000
048 E010300 0
048 E020300 0.000
048 F010300 0
048 F020300 0.000
048 G010300 0
048 G020300 0.000
048 H010300 0
048 H020300 0.000
048 I010300 0
048 I020300 0.000
048 J010300 0
048 J020300 0.000
048 K010300 100000
048 K020300 0.700
049 000300 N
050 000300 N
051 000300 N
052 000300 Y
053 A000300 Y
053 B000300 Y
053 C000300 N
062 A000300 N
062 B000300 0.0
062 C000300 0.0
062 D000300 0.0
062 E000300 0.0
062 F000300 0.0
062 G000300 0.0
062 H000300 0.0
062 I000300 0.0
062 J000300 0.0
062 K000300 0.0
062 L000300 0.0
062 M000300 0.0
062 N000300 0.0
062 O000300 0.0
062 P000300 0.0
062 Q000300 0.0
062 R000300 0.0
063 A000300 0
063 B000300 0.0
066 A000300 Y
066 B000300 N
<PAGE> PAGE 16
066 C000300 N
066 D000300 N
066 E000300 Y
066 F000300 N
066 G000300 N
067 000300 N
068 A000300 N
068 B000300 N
069 000300 N
070 A010300 Y
070 A020300 Y
070 B010300 Y
070 B020300 N
070 C010300 N
070 C020300 N
070 D010300 Y
070 D020300 N
070 E010300 Y
070 E020300 N
070 F010300 Y
070 F020300 N
070 G010300 Y
070 G020300 N
070 H010300 Y
070 H020300 N
070 I010300 N
070 I020300 N
070 J010300 N
070 J020300 N
070 K010300 Y
070 K020300 Y
070 L010300 Y
070 L020300 N
070 M010300 N
070 M020300 N
070 N010300 Y
070 N020300 N
070 O010300 Y
070 O020300 N
070 P010300 N
070 P020300 N
070 Q010300 Y
070 Q020300 N
070 R010300 Y
070 R020300 N
071 A000300 6404
071 B000300 2909
071 C000300 6574
071 D000300 44
072 A000300 6
072 B000300 11
<PAGE> PAGE 17
072 C000300 85
072 D000300 0
072 E000300 0
072 F000300 28
072 G000300 0
072 H000300 0
072 I000300 5
072 J000300 16
072 K000300 2
072 L000300 0
072 M000300 2
072 N000300 0
072 O000300 2
072 P000300 0
072 Q000300 0
072 R000300 5
072 S000300 5
072 T000300 0
072 U000300 1
072 V000300 0
072 W000300 2
072 X000300 68
072 Y000300 29
072 Z000300 57
072AA000300 383
072BB000300 64
072CC010300 128
072CC020300 0
072DD010300 57
072DD020300 0
072EE000300 0
073 A010300 0.2403
073 A020300 0.0000
073 B000300 0.0000
073 C000300 0.0000
074 A000300 0
074 B000300 0
074 C000300 52
074 D000300 0
074 E000300 0
074 F000300 8285
074 G000300 0
074 H000300 0
074 I000300 0
074 J000300 0
074 K000300 14
074 L000300 11
074 M000300 8
074 N000300 8370
074 O000300 0
074 P000300 11
<PAGE> PAGE 18
074 Q000300 0
074 R010300 0
074 R020300 0
074 R030300 0
074 R040300 26
074 S000300 0
074 T000300 8333
074 U010300 249
074 U020300 0
074 V010300 33.49
074 V020300 0.00
074 W000300 0.0000
074 X000300 5
074 Y000300 0
075 A000300 0
075 B000300 7030
076 000300 0.00
008 A000401 GNA CAPITAL MANAGEMENT, INC.
008 B000401 A
008 C000401 801-29116
008 D010401 SEATTLE
008 D020401 WA
008 D030401 98101
008 D040401 2336
008 A000402 STANDISH, AYER & WOOD, INC.
008 B000402 S
008 C000402 801-584
008 D010402 BOSTON
008 D020402 MA
008 D030402 02111
028 A010400 27
028 A020400 29
028 A030400 0
028 A040400 2
028 B010400 78
028 B020400 29
028 B030400 0
028 B040400 15
028 C010400 82
028 C020400 27
028 C030400 0
028 C040400 3
028 D010400 160
028 D020400 30
028 D030400 0
028 D040400 3
028 E010400 16
028 E020400 31
028 E030400 0
028 E040400 57
028 F010400 3
<PAGE> PAGE 19
028 F020400 33
028 F030400 0
028 F040400 6
028 G010400 366
028 G020400 179
028 G030400 0
028 G040400 86
028 H000400 0
045 000400 Y
046 000400 N
047 000400 Y
048 000400 0.400
048 A010400 0
048 A020400 0.000
048 B010400 0
048 B020400 0.000
048 C010400 0
048 C020400 0.000
048 D010400 0
048 D020400 0.000
048 E010400 0
048 E020400 0.000
048 F010400 0
048 F020400 0.000
048 G010400 0
048 G020400 0.000
048 H010400 0
048 H020400 0.000
048 I010400 0
048 I020400 0.000
048 J010400 0
048 J020400 0.000
048 K010400 0
048 K020400 0.000
049 000400 N
050 000400 N
051 000400 N
052 000400 N
053 A000400 Y
053 B000400 Y
053 C000400 N
062 A000400 Y
062 B000400 0.0
062 C000400 0.0
062 D000400 0.0
062 E000400 0.0
062 F000400 0.0
062 G000400 0.0
062 H000400 0.0
062 I000400 0.0
062 J000400 0.0
<PAGE> PAGE 20
062 K000400 0.0
062 L000400 1.2
062 M000400 0.0
062 N000400 75.8
062 O000400 0.0
062 P000400 0.0
062 Q000400 22.8
062 R000400 0.0
063 A000400 0
063 B000400 2.0
064 A000400 N
064 B000400 N
066 A000400 N
067 000400 N
068 A000400 N
068 B000400 N
069 000400 N
070 A010400 Y
070 A020400 Y
070 B010400 N
070 B020400 N
070 C010400 Y
070 C020400 N
070 D010400 N
070 D020400 N
070 E010400 Y
070 E020400 N
070 F010400 N
070 F020400 N
070 G010400 Y
070 G020400 N
070 H010400 N
070 H020400 N
070 I010400 N
070 I020400 N
070 J010400 N
070 J020400 N
070 K010400 Y
070 K020400 Y
070 L010400 N
070 L020400 N
070 M010400 N
070 M020400 N
070 N010400 Y
070 N020400 N
070 O010400 Y
070 O020400 N
070 P010400 N
070 P020400 N
070 Q010400 Y
070 Q020400 N
<PAGE> PAGE 21
070 R010400 Y
070 R020400 N
071 A000400 3260
071 B000400 2168
071 C000400 5809
071 D000400 37
072 A000400 6
072 B000400 200
072 C000400 0
072 D000400 0
072 E000400 0
072 F000400 12
072 G000400 0
072 H000400 0
072 I000400 5
072 J000400 17
072 K000400 2
072 L000400 0
072 M000400 2
072 N000400 0
072 O000400 1
072 P000400 0
072 Q000400 0
072 R000400 6
072 S000400 8
072 T000400 0
072 U000400 1
072 V000400 0
072 W000400 1
072 X000400 55
072 Y000400 35
072 Z000400 180
072AA000400 11
072BB000400 24
072CC010400 0
072CC020400 77
072DD010400 180
072DD020400 0
072EE000400 0
073 A010400 0.7961
073 A020400 0.0000
073 B000400 0.0000
073 C000400 0.0000
074 A000400 0
074 B000400 0
074 C000400 71
074 D000400 5935
074 E000400 0
074 F000400 0
074 G000400 0
074 H000400 0
<PAGE> PAGE 22
074 I000400 0
074 J000400 0
074 K000400 13
074 L000400 37
074 M000400 8
074 N000400 6064
074 O000400 0
074 P000400 4
074 Q000400 0
074 R010400 0
074 R020400 0
074 R030400 0
074 R040400 43
074 S000400 0
074 T000400 6017
074 U010400 231
074 U020400 0
074 V010400 26.04
074 V020400 0.00
074 W000400 0.0000
074 X000400 6
074 Y000400 0
075 A000400 0
075 B000400 5852
076 000400 0.00
SIGNATURE EUNICE TSANG
TITLE ACCOUNTING MANAGER
<TABLE> <S> <C>
<ARTICLE> 6
<RESTATED>
<CIK> 0000921131
<NAME> GNA VARIABLE SERIES TRUST
<SERIES>
<NUMBER> 01
<NAME> GNA GOVERNMENT PORTFOLIO
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> DEC-31-1996
<PERIOD-END> JUN-30-1996
<INVESTMENTS-AT-COST> 7875723
<INVESTMENTS-AT-VALUE> 7910953
<RECEIVABLES> 112916
<ASSETS-OTHER> 8263
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 8032132
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 57759
<TOTAL-LIABILITIES> 57759
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 7836947
<SHARES-COMMON-STOCK> 306234
<SHARES-COMMON-PRIOR> 263928
<ACCUMULATED-NII-CURRENT> 8249
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 95316
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 33861
<NET-ASSETS> 7974373
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 280515
<OTHER-INCOME> 0
<EXPENSES-NET> 34708
<NET-INVESTMENT-INCOME> 245807
<REALIZED-GAINS-CURRENT> (47578)
<APPREC-INCREASE-CURRENT> (290310)
<NET-CHANGE-FROM-OPS> (92081)
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (245696)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 45617
<NUMBER-OF-SHARES-REDEEMED> (12592)
<SHARES-REINVESTED> 9281
<NET-CHANGE-IN-ASSETS> 797806
<ACCUMULATED-NII-PRIOR> 8138
<ACCUMULATED-GAINS-PRIOR> 142894
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 21200
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 69904
<AVERAGE-NET-ASSETS> 7755325
<PER-SHARE-NAV-BEGIN> 27.190
<PER-SHARE-NII> 0.830
<PER-SHARE-GAIN-APPREC> (1.150)
<PER-SHARE-DIVIDEND> (0.830)
<PER-SHARE-DISTRIBUTIONS> 0.000
<RETURNS-OF-CAPITAL> 0.000
<PER-SHARE-NAV-END> 26.040
<EXPENSE-RATIO> .900
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<RESTATED>
<CIK> 0000921131
<NAME> GNA VARIABLE SERIES TRUST
<SERIES>
<NUMBER> 03
<NAME> GNA VALUE PORTFOLIO
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> DEC-31-1996
<PERIOD-END> JUN-30-1996
<INVESTMENTS-AT-COST> 7728022
<INVESTMENTS-AT-VALUE> 8336627
<RECEIVABLES> 25236
<ASSETS-OTHER> 8190
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 8370053
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 37395
<TOTAL-LIABILITIES> 37395
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 7316412
<SHARES-COMMON-STOCK> 248824
<SHARES-COMMON-PRIOR> 145215
<ACCUMULATED-NII-CURRENT> 1846
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 405795
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 608605
<NET-ASSETS> 8332658
<DIVIDEND-INCOME> 84637
<INTEREST-INCOME> 11599
<OTHER-INCOME> 0
<EXPENSES-NET> 38704
<NET-INVESTMENT-INCOME> 57532
<REALIZED-GAINS-CURRENT> 318695
<APPREC-INCREASE-CURRENT> 128246
<NET-CHANGE-FROM-OPS> 504473
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (57077)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 104395
<NUMBER-OF-SHARES-REDEEMED> (2516)
<SHARES-REINVESTED> 1730
<NET-CHANGE-IN-ASSETS> 3783913
<ACCUMULATED-NII-PRIOR> 1391
<ACCUMULATED-GAINS-PRIOR> 87100
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 27971
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 67753
<AVERAGE-NET-ASSETS> 7030426
<PER-SHARE-NAV-BEGIN> 31.320
<PER-SHARE-NII> 0.240
<PER-SHARE-GAIN-APPREC> 2.170
<PER-SHARE-DIVIDEND> (0.240)
<PER-SHARE-DISTRIBUTIONS> 0.000
<RETURNS-OF-CAPITAL> 0.000
<PER-SHARE-NAV-END> 33.490
<EXPENSE-RATIO> 1.10
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<RESTATED>
<CIK> 0000921131
<NAME> GNA VARIABLE SERIES TRUST
<SERIES>
<NUMBER> 04
<NAME> GNA ADJUSTABLE RATE PORTFOLIO
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> DEC-31-1996
<PERIOD-END> JUN-30-1996
<INVESTMENTS-AT-COST> 5855257
<INVESTMENTS-AT-VALUE> 6006315
<RECEIVABLES> 49890
<ASSETS-OTHER> 8346
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 6064551
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 47475
<TOTAL-LIABILITIES> 47475
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 5813935
<SHARES-COMMON-STOCK> 231099
<SHARES-COMMON-PRIOR> 213611
<ACCUMULATED-NII-CURRENT> 13559
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 38524
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 151058
<NET-ASSETS> 6017076
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 200353
<OTHER-INCOME> 0
<EXPENSES-NET> 20369
<NET-INVESTMENT-INCOME> 179984
<REALIZED-GAINS-CURRENT> (13321)
<APPREC-INCREASE-CURRENT> (76761)
<NET-CHANGE-FROM-OPS> 89902
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (179951)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 13938
<NUMBER-OF-SHARES-REDEEMED> (3274)
<SHARES-REINVESTED> 6824
<NET-CHANGE-IN-ASSETS> 369098
<ACCUMULATED-NII-PRIOR> 13526
<ACCUMULATED-GAINS-PRIOR> 51845
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 11639
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 55539
<AVERAGE-NET-ASSETS> 5851724
<PER-SHARE-NAV-BEGIN> 26.440
<PER-SHARE-NII> 0.800
<PER-SHARE-GAIN-APPREC> (0.400)
<PER-SHARE-DIVIDEND> (0.800)
<PER-SHARE-DISTRIBUTIONS> 0.000
<RETURNS-OF-CAPITAL> 0.000
<PER-SHARE-NAV-END> 26.040
<EXPENSE-RATIO> 0.70
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000921131
<NAME> GNA VARIABLE SERIES TRUST
<SERIES>
<NUMBER> 02
<NAME> GNA GROWTH PORTFOLIO
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> DEC-31-1996
<PERIOD-END> JUN-30-1996
<INVESTMENTS-AT-COST> 8868322
<INVESTMENTS-AT-VALUE> 10535692
<RECEIVABLES> 103843
<ASSETS-OTHER> 8313
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 10647848
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 43526
<TOTAL-LIABILITIES> 43526
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 8976552
<SHARES-COMMON-STOCK> 298671
<SHARES-COMMON-PRIOR> 208387
<ACCUMULATED-NII-CURRENT> 33196
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (72796)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 1667370
<NET-ASSETS> 10604322
<DIVIDEND-INCOME> 51814
<INTEREST-INCOME> 32575
<OTHER-INCOME> 0
<EXPENSES-NET> 51193
<NET-INVESTMENT-INCOME> 33196
<REALIZED-GAINS-CURRENT> (187172)
<APPREC-INCREASE-CURRENT> 734474
<NET-CHANGE-FROM-OPS> 580498
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 93425
<NUMBER-OF-SHARES-REDEEMED> (3141)
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> 3677893
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 114376
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 37210
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 83122
<AVERAGE-NET-ASSETS> 9352682
<PER-SHARE-NAV-BEGIN> 33.240
<PER-SHARE-NII> 0.110
<PER-SHARE-GAIN-APPREC> 2.160
<PER-SHARE-DIVIDEND> 0.000
<PER-SHARE-DISTRIBUTIONS> 0.000
<RETURNS-OF-CAPITAL> 0.000
<PER-SHARE-NAV-END> 35.510
<EXPENSE-RATIO> 1.10
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
