GNA VARIABLE SERIES TRUST
NSAR-B, 1998-02-27
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<PAGE>      PAGE  1
000 B000000 12/31/97
000 C000000 0000921131
000 D000000 N
000 E000000 NF
000 F000000 Y
000 G000000 Y
000 H000000 N
000 I000000 3.0.a
000 J000000 U
001 A000000 GNA VARIABLE SERIES TRUST
001 B000000 811-8456
001 C000000 2066251755
002 A000000 SUITE 9000 TWO UNION SQUARE
002 B000000 SEATTLE
002 C000000 WA
002 D010000 98101
002 D020000 2336
003  000000 N
004  000000 Y
005  000000 N
006  000000 N
007 A000000 Y
007 B000000  4
014 A00AA01 GNA DISTIBUTORS, INC
014 B00AA01 8-46211
014 A00AA02 PAINE WEBBER INCORPORATED
014 B00AA02 8-16267
014 A00AA03 MITCHELL HUTCHINS ASSET MANAGEMENT, INC.
014 B00AA03 8-21901
014 A00AA04 CAPITAL BROKERAGE CORP.
014 B00AA04 8-26614
014 A00AA05 GECC CAPITAL MARKETS GROUP, INC.
014 B00AA05 8-29149
014 A00AA06 GE INVESTMENT DISTRIBUTORS INC.
014 B00AA06 8-45710
020 A000001 MCDONALD & CO.
020 B000001 34-1391952
020 C000001     11
020 A000002 PRUDENTIAL SECURITIES INC.
020 B000002 22-2347336
020 C000002      6
020 A000003 OPPENHEIMER & CO, INC.
020 B000003 13-2798343
020 C000003      3
020 A000004 SMITH BARNEY INC.
020 B000004 13-1912900
020 C000004      2
020 A000005 HOENIG & CO.
020 B000005 13-2656060
020 C000005      2
020 A000006 MESIROW CAPITAL INC.
<PAGE>      PAGE  2
020 B000006 36-3194849
020 C000006      2
020 A000007 GOLDMAN SACHS & CO.
020 B000007 13-5108880
020 C000007      2
020 A000008 LEWCO SECS
020 B000008 22-3039058
020 C000008      2
020 A000009 ROBINSON HUMPHREYY
020 B000009 58-1472560
020 C000009      2
020 A000010 JEFFERIES & CO
020 B000010 95-2622900
020 C000010      1
021  000000       33
022 A000001 STATE STREET BANK & TRUST CO
022 B000001 04-1867445
022 C000001    239603
022 D000001     23759
022 A000002 MERRILL,LYNCH,PIERCE,FENNER,& SMITH
022 B000002 13-5674085
022 C000002      2422
022 D000002      9805
022 A000003 GOLDMAN SACHS
022 B000003 13-5108880
022 C000003       695
022 D000003      7851
022 A000004 SALOMON BROTHERS INC.
022 B000004 13-3082694
022 C000004      1685
022 D000004      3008
022 A000005 LEHMAN BROS. INC.
022 B000005 13-2518466
022 C000005      1496
022 D000005      3014
022 A000006 PRUDENTIAL SECURITIES INC.
022 B000006 22-2347336
022 C000006        89
022 D000006      1595
022 A000007 HERZOG HEINE GEDULD INC.
022 B000007 13-1955463
022 C000007       204
022 D000007       874
022 A000008 CS FIRST BOSTON CORPORATION
022 B000008 13-5659485
022 C000008      1269
022 D000008       433
022 A000009 MORGAN STANLEY & CO.
022 B000009 13-2655998
022 C000009       728
022 D000009       316
<PAGE>      PAGE  3
022 A000010 BEAR STEARNS SECURITIES
022 B000010 13-4946705
022 C000010       821
022 D000010       149
023 C000000     249012
023 D000000      50804
077 A000000 N
078  000000 N
080 C00AA00        0
081 B00AA00   0
082 B00AA00        0
083 B00AA00        0
084 B00AA00        0
062 A000100 N
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   0.0
062 M000100   0.0
062 N000100   0.0
062 O000100   0.0
062 P000100   0.0
062 Q000100   0.0
062 R000100   0.0
070 A010100 Y
070 A020100 Y
070 B010100 Y
070 B020100 N
070 C010100 N
070 C020100 N
070 D010100 Y
070 D020100 N
070 E010100 Y
070 E020100 N
070 F010100 Y
070 F020100 N
070 G010100 Y
070 G020100 N
070 H010100 Y
070 H020100 N
070 I010100 N
070 I020100 N
070 J010100 N
070 J020100 N
<PAGE>      PAGE  4
070 K010100 Y
070 K020100 Y
070 L010100 Y
070 L020100 N
070 M010100 N
070 M020100 N
070 N010100 Y
070 N020100 N
070 O010100 Y
070 O020100 N
070 P010100 Y
070 P020100 Y
070 Q010100 Y
070 Q020100 N
070 R010100 Y
070 R020100 N
071 A000100      5288
071 B000100     19282
071 C000100     12180
071 D000100   43
072 A000100 12
074 N000100        0
074 T000100        0
075 A000100        0
075 B000100    14232
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
070 A010200 Y
070 A020200 N
070 B010200 Y
070 B020200 N
070 C010200 N
070 C020200 N
070 D010200 Y
070 D020200 N
<PAGE>      PAGE  5
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 Y
070 P020200 Y
070 Q010200 Y
070 Q020200 N
070 R010200 Y
070 R020200 N
071 A000200      7499
071 B000200     21337
071 C000200     11265
071 D000200   67
072 A000200 12
074 N000200        0
074 T000200        0
075 A000200        0
075 B000200    12806
062 A000300 Y
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
<PAGE>      PAGE  6
062 O000300   0.0
062 P000300   0.0
062 Q000300   0.0
062 R000300   0.0
070 A010300 Y
070 A020300 N
070 B010300 N
070 B020300 N
070 C010300 Y
070 C020300 N
070 D010300 N
070 D020300 N
070 E010300 Y
070 E020300 Y
070 F010300 N
070 F020300 N
070 G010300 Y
070 G020300 Y
070 H010300 N
070 H020300 N
070 I010300 N
070 I020300 N
070 J010300 N
070 J020300 N
070 K010300 Y
070 K020300 Y
070 L010300 N
070 L020300 N
070 M010300 N
070 M020300 N
070 N010300 Y
070 N020300 N
070 O010300 Y
070 O020300 N
070 P010300 Y
070 P020300 Y
070 Q010300 Y
070 Q020300 N
070 R010300 Y
070 R020300 N
071 A000300       970
071 B000300         0
071 C000300      7654
071 D000300    0
072 A000300 12
074 N000300        0
074 T000300        0
075 A000300        0
075 B000300     8201
062 A000400 Y
062 B000400   0.0
<PAGE>      PAGE  7
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
062 K000400   0.0
062 L000400   0.0
062 M000400   0.0
062 N000400   0.0
062 O000400   0.0
062 P000400   0.0
062 Q000400   0.0
062 R000400   0.0
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 Y
070 P020400 N
070 Q010400 Y
070 Q020400 N
070 R010400 Y
<PAGE>      PAGE  8
070 R020400 N
071 A000400      6078
071 B000400     10670
071 C000400      5918
071 D000400  103
072 A000400 12
074 N000400        0
074 T000400        0
075 A000400        0
075 B000400     6515
SIGNATURE   EUNICE TSANG                                 
TITLE       ACCOUNTING MANAGER  
 


<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000921131
<NAME> GNA VARIABLE SERIES TRUST
<SERIES>
   <NUMBER> 04
   <NAME> GNA ADJUSTABLE RATE PORTFOLIO
       
<S>                             <C>
<PERIOD-TYPE>                   12-MOS
<FISCAL-YEAR-END>                          DEC-31-1997
<PERIOD-END>                               DEC-31-1997
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<NET-INVESTMENT-INCOME>                         379081
<REALIZED-GAINS-CURRENT>                        166364
<APPREC-INCREASE-CURRENT>                     (201422)
<NET-CHANGE-FROM-OPS>                           344023
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                     (379100)
<DISTRIBUTIONS-OF-GAINS>                             0
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<NUMBER-OF-SHARES-SOLD>                           3585
<NUMBER-OF-SHARES-REDEEMED>                   (263151)
<SHARES-REINVESTED>                              14050
<NET-CHANGE-IN-ASSETS>                       (6375424)
<ACCUMULATED-NII-PRIOR>                              0
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<OVERDISTRIB-NII-PRIOR>                         (2855)
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<PER-SHARE-NII>                                  1.460
<PER-SHARE-GAIN-APPREC>                       (25.970)
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<EXPENSE-RATIO>                                   0.70
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</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000921131
<NAME> GNA VARIABLE SERIES TRUST
<SERIES>
   <NUMBER> 01
   <NAME> GNA VST GROWTH PORTFOLIO
       
<S>                             <C>
<PERIOD-TYPE>                   12-MOS
<FISCAL-YEAR-END>                          DEC-31-1997
<PERIOD-END>                               DEC-31-1997
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</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000921131
<NAME> GNA VARIABLE SERIES TRUST
<SERIES>
   <NUMBER> 02
   <NAME> GNA VST VALUE PORTFOLIO
       
<S>                             <C>
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</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000921131
<NAME> GNA VARIABLE SERIES TRUST
<SERIES>
   <NUMBER> 03
   <NAME> GNA VST GOVERNMENT PORTFOLIO
       
<S>                             <C>
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</TABLE>


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