VARIFLEX LS
NSAR-U, 1999-03-01
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<PAGE>
                                      N-SAR
                                SEMIANNUAL REPORT
                       FOR REGISTERED INVESTMENT COMPANIES


Report for six month period ending:    /  /    (a)
             or fiscal year ending:  12/31/98  (b)

Is this a transition report?  (Y/N)  N

Is this an amendment to a previous filing?  (Y/N)  N


Those  items or  sub-items  with a box  "|/|"  after the item  number  should be
completed only if the answer has changed from the previous filing on this form.

  1.  A.  Registrant Name:  SBL Variable Annuity Account VIII

      B.  File Number:  811-8836

      C.  Telephone Number:  (785) 431-3127

  2.  A.  Street:  700 Harrison Street

      B.  City:  Topeka   C.  State:  KS   D.  Zip Code:  66636   Zip Ext:  0001

      E.  Foreign Country:                            Foreign Postal Code:  

  3.  Is this the first filing on this form by Registrant?  (Y/N)----------   N
                                                                             Y/N

  4.  Is this the last filing on this form by Registrant?  (Y/N)-----------   N
                                                                             Y/N

  5.  Is Registrant a small business investment company (SBIC)?  (Y/N)-----   N
      [If answer is "Y" (Yes), complete only items 89 through 110.]          Y/N

  6.  Is Registrant a unit investment trust (UIT)?  (Y/N)------------------   Y
      [If answer is "Y" (Yes), complete only items 111 through 132.]         Y/N

  7.  A.  Is Registrant a series or multiple portfolio company?  (Y/N)-----    
          [If answer is "N" (No), go to item 8.]                             Y/N

      B.  How many separate series or portfolios did Registrant have
          at the end of period?--------------------------------------------    


SCREEN NUMBER:  01               PAGE NUMBER:  01
<PAGE>
                                                     ---------------------------
For period ending:  12/31/98                         If filing more than one
File number 811-8836                                 Page 47, "X" box:       | |
                                                     ---------------------------

UNIT INVESTMENT TRUSTS

111.  A.  |/|  Depositor Name:  Security Benefit Life Insurance Company
      B.  |/|  File Number (If any):   
      C.  |/|  City:  Topeka       State:  KS  Zip Code:  66636  Zip Ext.:  0001
          |/|  Foreign Country:                       Foreign Postal Code:   

111.  A.  |/|  Depositor Name:   
      B.  |/|  File Number (If any):   
      C.  |/|  City:               State:      Zip Code:         Zip Ext.:   
          |/|  Foreign Country:                       Foreign Postal Code:   

112.  A.  |/|  Sponsor Name:   
      B.  |/|  File Number (If any):   
      C.  |/|  City:               State:      Zip Code:         Zip Ext.:   
          |/|  Foreign Country:                       Foreign Postal Code:   

112.  A.  |/|  Sponsor Name:   
      B.  |/|  File Number (If any):   
      C.  |/|  City:               State:      Zip Code:         Zip Ext.:   
          |/|  Foreign Country:                       Foreign Postal Code:   


SCREEN NUMBER:  55               PAGE NUMBER:  47
<PAGE>
                                                     ---------------------------
For period ending:  12/31/98                         If filing more than one
File number 811-8836                                 Page 48, "X" box:       | |
                                                     ---------------------------

113.  A.  |/|  Trustee Name:   
      B.  |/|  City:               State:      Zip Code:         Zip Ext.:   
          |/|  Foreign Country:                       Foreign Postal Code:   

113.  A.  |/|  Trustee Name:   
      B.  |/|  City:               State:      Zip Code:         Zip Ext.:   
          |/|  Foreign Country:                       Foreign Postal Code:   

114.  A.  |/|  Principal Underwriter Name:  Security Distributors, Inc.
      B.  |/|  File Number:  8-10781
      C.  |/|  City:  Topeka       State:  KS  Zip Code:  66636  Zip Ext.:  0001
          |/|  Foreign Country:                       Foreign Postal Code:   

114.  A.  |/|  Principal Underwriter Name:   
      B.  |/|  File Number:  8- 
      C.  |/|  City:               State:      Zip Code:         Zip Ext.:   
          |/|  Foreign Country:                       Foreign Postal Code:   

115.  A.  |/|  Independent Public Accountant Name:  Ernst & Young LLP
      B.  |/|  City:  Kansas City  State:  MO  Zip Code:  64105  Zip Ext.:  2143
          |/|  Foreign Country:                       Foreign Postal Code:   

115.  A.  |/|  Independent Public Accountant Name:   
      B.  |/|  City:               State:      Zip Code:         Zip Ext.:   
          |/|  Foreign Country:                       Foreign Postal Code:   


SCREEN NUMBER:  56               PAGE NUMBER:  48
<PAGE>
                                                     ---------------------------
For period ending:  12/31/98                         If filing more than one
File number 811-8836                                 Page 49, "X" box:       | |
                                                     ---------------------------

116.  Family of investment companies information:

      A.  |/|  Is Registrant part of a family of
               investment companies?  (Y/N)--------------------------------   N
                                                                             Y/N

      B.  |/|  Identify the family in 10 letters:  __ __ __ __ __ __ __ __ __ __
               (NOTE:  In filing this form, use this identification consistently
                       for all investment companies in family.  This designation
                       is for purposes of this form only.)

117.  A.  |/|  Is Registrant a separate account of
               an insurance company?  (Y/N)--------------------------------   Y
                                                                             Y/N
      If answer is "Y" (Yes), are any of the following types of contracts
      funded by the Registrant:

      B.  |/|  Variable annuity contracts?  (Y/N)--------------------------   Y
                                                                             Y/N

      C.  |/|  Scheduled premium variable life contracts?  (Y/N)-----------   N
                                                                             Y/N

      D.  |/|  Flexible premium variable life contracts?  (Y/N)------------   N
                                                                             Y/N

      E.  |/|  Other types of insurance products registered under the
               Securities Act of 1933?  (Y/N)------------------------------   N
                                                                             Y/N

118.  |/|  State the number of series existing at the end of the period
           that had securities registered under the Securities Act of 1933     1

119.  |/|  State the number of new series for which registration
           statements under the Securities Act of 1933 became
           effective during the period-------------------------------------    0

120.  |/|  State the total value of the portfolio securities on the
           date of deposit for the new series included in item 119
           ($000's omitted)------------------------------------------------   $0

121.  |/|  State the number of series for which a current prospectus
           was in existence at the end of the period-----------------------    1

122.  |/|  State the number of existing series for which additional
           units were registered under the Securities Act of 1933
           during the current period---------------------------------------    0


SCREEN NUMBER:  57               PAGE NUMBER:  49
<PAGE>
                                                     ---------------------------
For period ending:  12/31/98                         If filing more than one
File number 811-8836                                 Page 50, "X" box:       | |
                                                     ---------------------------

123.  |/|  State the total value of the additional units considered
           in answering item 122 ($000's omitted)--------------------------  $  

124.  |/|  State the total value of units of prior series that were
           placed in the portfolios of subsequent series during the
           current period (the value of these units is to be measured
           on the date they were placed in the subsequent series)
           ($000's omitted)------------------------------------------------  $  

125.  |/|  State the total dollar amount of sales loads collected
           (before reallowances to other brokers or dealers) by
           Registrant's principal underwriter and any underwriter
           which is an affiliated person of the principal underwriter
           during the current period solely from the sale of units
           of all series of Registrant ($000's omitted)--------------------  $54

126.  Of the amount shown in item 125, state the total dollar amount
      of sales loads collected from secondary market operations in
      Registrant's units (include the sales loads, if any, collected
      on units of a prior series placed in the portfolio of a
      subsequent series.)  ($000's omitted)--------------------------------  $  

127.  List opposite the appropriate description below the number of series whose
      portfolios are invested primarily (based upon a percentage of NAV) in each
      type of security shown, the aggregate total assets at market value as of a
      date at or near the end of the current period of each such group of series
      and the  total  income  distributions  made by each  such  group of series
      during the current period  (excluding  distributions of realized gains, if
      any):

                                  NUMBER                         TOTAL INCOME
                                 OF SERIES     TOTAL ASSETS      DISTRIBUTIONS
                                 INVESTING   ($000'S OMITTED)   ($000'S OMITTED)

A.  U.S. Treasury direct issue---                $                  $ 
B.  U.S. Government agency-------                $                  $ 
C.  State and municipal tax-free-                $                  $ 
D.  Public utility debt----------                $                  $ 
E.  Brokers or dealers debt or
    debt of brokers' or dealers'
    parent-----------------------                $                  $ 
F.  All other corporate intermed.
    & long-term debt-------------                $                  $ 
G.  All other corporate
    short-term debt--------------                $                  $ 
H.  Equity securities of brokers
    or dealers or parents of
    brokers or dealers-----------                $                  $ 
I.  Investment company equity
    securities-------------------                $                  $ 
J.  All other equity securities--    1           $478,385           $27,376
K.  Other securities-------------                $                  $ 
L.  Total assets of all series of
    registrant-------------------    1           $478,385           $27,376


SCREEN NUMBER:  58               PAGE NUMBER:  50
<PAGE>
                                                     ---------------------------
For period ending:  12/31/98                         If filing more than one
File number 811-8836                                 Page 51, "X" box:       | |
                                                     ---------------------------

128.  |/|  Is the timely payment of principal and interest on any of the
           portfolio securities held by any of Registrant's series at the
           end of the current period insured or guaranteed by an entity
           other than the issuer?  (Y/N)----------------------------------    N
           [If answer is "N" (No), go to item 131.]                          Y/N

129.  |/|  Is the issuer of any instrument covered in item 128 delinquent
           or in default as to payment of principal or interest at the end
           of the current period?  (Y/N)----------------------------------     
           [If answer is "N" (No), go to item 131.]                          Y/N

130.  |/|  In computations of NAV or offering price per unit, is any part
           of the value attributed to instruments identified in item 129
           derived from insurance or guarantees?  (Y/N)-------------------     
                                                                             Y/N

131.  Total expenses incurred by all series of Registrant during the
      current reporting period ($000's omitted)---------------------------$5,607

132.  |/|  List the "811" (Investment  Company Act of 1940) registration  number
           for all Series of Registrant that are being included in this filing:

           811-           811-           811-           811-           811- 
           811-           811-           811-           811-           811- 
           811-           811-           811-           811-           811- 
           811-           811-           811-           811-           811- 
           811-           811-           811-           811-           811- 
           811-           811-           811-           811-           811- 
           811-           811-           811-           811-           811- 
           811-           811-           811-           811-           811- 
           811-           811-           811-           811-           811- 


SCREEN NUMBER:  59               PAGE NUMBER:  51

<TABLE> <S> <C>


<ARTICLE>                            6
<CIK>                                0000932020
<NAME>                               SBL VARIABLE ANNUITY ACCOUNT VIII
<SERIES>
     <NUMBER>                        001
     <NAME>                          SERIES A
<MULTIPLIER>                         1,000
<CURRENCY>                           U.S. DOLLARS
       
<S>                                  <C>
<PERIOD-TYPE>                        YEAR
<FISCAL-YEAR-END>                    DEC-31-1998
<PERIOD-START>                       JAN-01-1998
<PERIOD-END>                         DEC-31-1998
<EXCHANGE-RATE>                                   1
<INVESTMENTS-AT-COST>                       106,832
<INVESTMENTS-AT-VALUE>                      119,792
<RECEIVABLES>                                     0
<ASSETS-OTHER>                                    0
<OTHER-ITEMS-ASSETS>                              0
<TOTAL-ASSETS>                              119,792
<PAYABLE-FOR-SECURITIES>                    119,792
<SENIOR-LONG-TERM-DEBT>                           0
<OTHER-ITEMS-LIABILITIES>                         0
<TOTAL-LIABILITIES>                         119,792
<SENIOR-EQUITY>                                   0
<PAID-IN-CAPITAL-COMMON>                          0
<SHARES-COMMON-STOCK>                     4,780,000
<SHARES-COMMON-PRIOR>                     3,450,000
<ACCUMULATED-NII-CURRENT>                         0
<OVERDISTRIBUTION-NII>                            0
<ACCUMULATED-NET-GAINS>                           0
<OVERDISTRIBUTION-GAINS>                          0
<ACCUM-APPREC-OR-DEPREC>                      9,164
<NET-ASSETS>                                119,792
<DIVIDEND-INCOME>                               440
<INTEREST-INCOME>                                 0
<OTHER-INCOME>                                    0
<EXPENSES-NET>                              (1,274)
<NET-INVESTMENT-INCOME>                       (834)
<REALIZED-GAINS-CURRENT>                     11,585
<APPREC-INCREASE-CURRENT>                     9,164
<NET-CHANGE-FROM-OPS>                        19,915
<EQUALIZATION>                                    0
<DISTRIBUTIONS-OF-INCOME>                         0
<DISTRIBUTIONS-OF-GAINS>                          0
<DISTRIBUTIONS-OTHER>                             0
<NUMBER-OF-SHARES-SOLD>                   3,638,000
<NUMBER-OF-SHARES-REDEEMED>               2,308,000
<SHARES-REINVESTED>                               0
<NET-CHANGE-IN-ASSETS>                        1,330
<ACCUMULATED-NII-PRIOR>                           0
<ACCUMULATED-GAINS-PRIOR>                         0
<OVERDISTRIB-NII-PRIOR>                           0
<OVERDIST-NET-GAINS-PRIOR>                        0
<GROSS-ADVISORY-FEES>                             0
<INTEREST-EXPENSE>                                0
<GROSS-EXPENSE>                                   0
<AVERAGE-NET-ASSETS>                              0
<PER-SHARE-NAV-BEGIN>                         20.26
<PER-SHARE-NII>                               (.20)
<PER-SHARE-GAIN-APPREC>                        4.80
<PER-SHARE-DIVIDEND>                              0
<PER-SHARE-DISTRIBUTIONS>                         0
<RETURNS-OF-CAPITAL>                              0
<PER-SHARE-NAV-END>                           25.06
<EXPENSE-RATIO>                                .013
<AVG-DEBT-OUTSTANDING>                            0
<AVG-DEBT-PER-SHARE>                              0
        

</TABLE>

<TABLE> <S> <C>


<ARTICLE>                            6
<CIK>                                0000932020
<NAME>                               SBL VARIABLE ANNUITY ACCOUNT VIII
<SERIES>
     <NUMBER>                        002
     <NAME>                          SERIES B
<MULTIPLIER>                         1,000
<CURRENCY>                           U.S. DOLLARS
       
<S>                                  <C>
<PERIOD-TYPE>                        YEAR
<FISCAL-YEAR-END>                    DEC-31-1998
<PERIOD-START>                       JAN-01-1998
<PERIOD-END>                         DEC-31-1998
<EXCHANGE-RATE>                                   1
<INVESTMENTS-AT-COST>                        63,175
<INVESTMENTS-AT-VALUE>                       61,973
<RECEIVABLES>                                     0
<ASSETS-OTHER>                                    0
<OTHER-ITEMS-ASSETS>                              0
<TOTAL-ASSETS>                               61,973
<PAYABLE-FOR-SECURITIES>                     61,973
<SENIOR-LONG-TERM-DEBT>                           0
<OTHER-ITEMS-LIABILITIES>                         0
<TOTAL-LIABILITIES>                          61,973
<SENIOR-EQUITY>                                   0
<PAID-IN-CAPITAL-COMMON>                          0
<SHARES-COMMON-STOCK>                     3,165,000
<SHARES-COMMON-PRIOR>                     2,571,000
<ACCUMULATED-NII-CURRENT>                         0
<OVERDISTRIBUTION-NII>                            0
<ACCUMULATED-NET-GAINS>                           0
<OVERDISTRIBUTION-GAINS>                          0
<ACCUM-APPREC-OR-DEPREC>                    (4,998)
<NET-ASSETS>                                 61,973
<DIVIDEND-INCOME>                               917
<INTEREST-INCOME>                                 0
<OTHER-INCOME>                                    0
<EXPENSES-NET>                                (821)
<NET-INVESTMENT-INCOME>                          96
<REALIZED-GAINS-CURRENT>                      7,693
<APPREC-INCREASE-CURRENT>                   (4,998)
<NET-CHANGE-FROM-OPS>                         2,791
<EQUALIZATION>                                    0
<DISTRIBUTIONS-OF-INCOME>                         0
<DISTRIBUTIONS-OF-GAINS>                          0
<DISTRIBUTIONS-OTHER>                             0
<NUMBER-OF-SHARES-SOLD>                   1,483,000
<NUMBER-OF-SHARES-REDEEMED>                 889,000
<SHARES-REINVESTED>                               0
<NET-CHANGE-IN-ASSETS>                          594
<ACCUMULATED-NII-PRIOR>                           0
<ACCUMULATED-GAINS-PRIOR>                         0
<OVERDISTRIB-NII-PRIOR>                           0
<OVERDIST-NET-GAINS-PRIOR>                        0
<GROSS-ADVISORY-FEES>                             0
<INTEREST-EXPENSE>                                0
<GROSS-EXPENSE>                                   0
<AVERAGE-NET-ASSETS>                              0
<PER-SHARE-NAV-BEGIN>                         18.46
<PER-SHARE-NII>                                 .03
<PER-SHARE-GAIN-APPREC>                        1.12
<PER-SHARE-DIVIDEND>                              0
<PER-SHARE-DISTRIBUTIONS>                         0
<RETURNS-OF-CAPITAL>                              0
<PER-SHARE-NAV-END>                           19.58
<EXPENSE-RATIO>                                .015
<AVG-DEBT-OUTSTANDING>                            0
<AVG-DEBT-PER-SHARE>                              0
        

</TABLE>

<TABLE> <S> <C>


<ARTICLE>                            6
<CIK>                                0000932020
<NAME>                               SBL VARIABLE ANNUITY ACCOUNT VIII
<SERIES>
     <NUMBER>                        003
     <NAME>                          SERIES C
<MULTIPLIER>                         1,000
<CURRENCY>                           U.S. DOLLARS
       
<S>                                  <C>
<PERIOD-TYPE>                        YEAR
<FISCAL-YEAR-END>                    DEC-31-1998
<PERIOD-START>                       JAN-01-1998
<PERIOD-END>                         DEC-31-1998
<EXCHANGE-RATE>                                   1
<INVESTMENTS-AT-COST>                        23,996
<INVESTMENTS-AT-VALUE>                       24,170
<RECEIVABLES>                                     0
<ASSETS-OTHER>                                    0
<OTHER-ITEMS-ASSETS>                              0
<TOTAL-ASSETS>                               24,170
<PAYABLE-FOR-SECURITIES>                     24,170
<SENIOR-LONG-TERM-DEBT>                           0
<OTHER-ITEMS-LIABILITIES>                         0
<TOTAL-LIABILITIES>                          24,170
<SENIOR-EQUITY>                                   0
<PAID-IN-CAPITAL-COMMON>                          0
<SHARES-COMMON-STOCK>                     2,100,000
<SHARES-COMMON-PRIOR>                     1,754,000
<ACCUMULATED-NII-CURRENT>                         0
<OVERDISTRIBUTION-NII>                            0
<ACCUMULATED-NET-GAINS>                           0
<OVERDISTRIBUTION-GAINS>                          0
<ACCUM-APPREC-OR-DEPREC>                         58
<NET-ASSETS>                                 24,170
<DIVIDEND-INCOME>                               984
<INTEREST-INCOME>                                 0
<OTHER-INCOME>                                    0
<EXPENSES-NET>                                (366)
<NET-INVESTMENT-INCOME>                         618
<REALIZED-GAINS-CURRENT>                        264
<APPREC-INCREASE-CURRENT>                        58
<NET-CHANGE-FROM-OPS>                           940
<EQUALIZATION>                                    0
<DISTRIBUTIONS-OF-INCOME>                         0
<DISTRIBUTIONS-OF-GAINS>                          0
<DISTRIBUTIONS-OTHER>                             0
<NUMBER-OF-SHARES-SOLD>                   8,530,000
<NUMBER-OF-SHARES-REDEEMED>               8,184,000
<SHARES-REINVESTED>                               0
<NET-CHANGE-IN-ASSETS>                          346
<ACCUMULATED-NII-PRIOR>                           0
<ACCUMULATED-GAINS-PRIOR>                         0
<OVERDISTRIB-NII-PRIOR>                           0
<OVERDIST-NET-GAINS-PRIOR>                        0
<GROSS-ADVISORY-FEES>                             0
<INTEREST-EXPENSE>                                0
<GROSS-EXPENSE>                                   0
<AVERAGE-NET-ASSETS>                              0
<PER-SHARE-NAV-BEGIN>                         11.12
<PER-SHARE-NII>                                 .32
<PER-SHARE-GAIN-APPREC>                         .39
<PER-SHARE-DIVIDEND>                              0
<PER-SHARE-DISTRIBUTIONS>                         0
<RETURNS-OF-CAPITAL>                              0
<PER-SHARE-NAV-END>                           11.51
<EXPENSE-RATIO>                                .017
<AVG-DEBT-OUTSTANDING>                            0
<AVG-DEBT-PER-SHARE>                              0
        

</TABLE>

<TABLE> <S> <C>


<ARTICLE>                            6
<CIK>                                0000932020
<NAME>                               SBL VARIABLE ANNUITY ACCOUNT VIII
<SERIES>
     <NUMBER>                        004
     <NAME>                          SERIES D
<MULTIPLIER>                         1,000
<CURRENCY>                           U.S. DOLLARS
       
<S>                                  <C>
<PERIOD-TYPE>                        YEAR
<FISCAL-YEAR-END>                    DEC-31-1998
<PERIOD-START>                       JAN-01-1998
<PERIOD-END>                         DEC-31-1998
<EXCHANGE-RATE>                                   1
<INVESTMENTS-AT-COST>                        35,499
<INVESTMENTS-AT-VALUE>                       37,711
<RECEIVABLES>                                     0
<ASSETS-OTHER>                                    0
<OTHER-ITEMS-ASSETS>                              0
<TOTAL-ASSETS>                               37,711
<PAYABLE-FOR-SECURITIES>                     37,711
<SENIOR-LONG-TERM-DEBT>                           0
<OTHER-ITEMS-LIABILITIES>                         0
<TOTAL-LIABILITIES>                          37,711
<SENIOR-EQUITY>                                   0
<PAID-IN-CAPITAL-COMMON>                          0
<SHARES-COMMON-STOCK>                     2,295,000
<SHARES-COMMON-PRIOR>                     1,835,000
<ACCUMULATED-NII-CURRENT>                         0
<OVERDISTRIBUTION-NII>                            0
<ACCUMULATED-NET-GAINS>                           0
<OVERDISTRIBUTION-GAINS>                          0
<ACCUM-APPREC-OR-DEPREC>                      3,458
<NET-ASSETS>                                 37,711
<DIVIDEND-INCOME>                               405
<INTEREST-INCOME>                                 0
<OTHER-INCOME>                                    0
<EXPENSES-NET>                                (450)
<NET-INVESTMENT-INCOME>                        (45)
<REALIZED-GAINS-CURRENT>                      1,849
<APPREC-INCREASE-CURRENT>                     3,458
<NET-CHANGE-FROM-OPS>                         5,262
<EQUALIZATION>                                    0
<DISTRIBUTIONS-OF-INCOME>                         0
<DISTRIBUTIONS-OF-GAINS>                          0
<DISTRIBUTIONS-OTHER>                             0
<NUMBER-OF-SHARES-SOLD>                   1,485,000
<NUMBER-OF-SHARES-REDEEMED>               1,025,000
<SHARES-REINVESTED>                               0
<NET-CHANGE-IN-ASSETS>                          460
<ACCUMULATED-NII-PRIOR>                           0
<ACCUMULATED-GAINS-PRIOR>                         0
<OVERDISTRIB-NII-PRIOR>                           0
<OVERDIST-NET-GAINS-PRIOR>                        0
<GROSS-ADVISORY-FEES>                             0
<INTEREST-EXPENSE>                                0
<GROSS-EXPENSE>                                   0
<AVERAGE-NET-ASSETS>                              0
<PER-SHARE-NAV-BEGIN>                         13.87
<PER-SHARE-NII>                               (.02)
<PER-SHARE-GAIN-APPREC>                        2.56
<PER-SHARE-DIVIDEND>                              0
<PER-SHARE-DISTRIBUTIONS>                         0
<RETURNS-OF-CAPITAL>                              0
<PER-SHARE-NAV-END>                           16.43
<EXPENSE-RATIO>                                .014
<AVG-DEBT-OUTSTANDING>                            0
<AVG-DEBT-PER-SHARE>                              0
        

</TABLE>

<TABLE> <S> <C>


<ARTICLE>                            6
<CIK>                                0000932020
<NAME>                               SBL VARIABLE ANNUITY ACCOUNT VIII
<SERIES>
     <NUMBER>                        005
     <NAME>                          SERIES E
<MULTIPLIER>                         1,000
<CURRENCY>                           U.S. DOLLARS
       
<S>                                  <C>
<PERIOD-TYPE>                        YEAR
<FISCAL-YEAR-END>                    DEC-31-1998
<PERIOD-START>                       JAN-01-1998
<PERIOD-END>                         DEC-31-1998
<EXCHANGE-RATE>                                   1
<INVESTMENTS-AT-COST>                        30,870
<INVESTMENTS-AT-VALUE>                       31,587
<RECEIVABLES>                                     0
<ASSETS-OTHER>                                    0
<OTHER-ITEMS-ASSETS>                              0
<TOTAL-ASSETS>                               31,587
<PAYABLE-FOR-SECURITIES>                     31,584
<SENIOR-LONG-TERM-DEBT>                           0
<OTHER-ITEMS-LIABILITIES>                       (3)
<TOTAL-LIABILITIES>                          31,584
<SENIOR-EQUITY>                                   0
<PAID-IN-CAPITAL-COMMON>                          0
<SHARES-COMMON-STOCK>                     2,417,000
<SHARES-COMMON-PRIOR>                     1,607,000
<ACCUMULATED-NII-CURRENT>                         0
<OVERDISTRIBUTION-NII>                            0
<ACCUMULATED-NET-GAINS>                           0
<OVERDISTRIBUTION-GAINS>                          0
<ACCUM-APPREC-OR-DEPREC>                        493
<NET-ASSETS>                                 31,584
<DIVIDEND-INCOME>                             1,364
<INTEREST-INCOME>                                 0
<OTHER-INCOME>                                    0
<EXPENSES-NET>                                (357)
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<REALIZED-GAINS-CURRENT>                         36
<APPREC-INCREASE-CURRENT>                       493
<NET-CHANGE-FROM-OPS>                         1,536
<EQUALIZATION>                                    0
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<DISTRIBUTIONS-OF-GAINS>                          0
<DISTRIBUTIONS-OTHER>                             0
<NUMBER-OF-SHARES-SOLD>                   2,189,000
<NUMBER-OF-SHARES-REDEEMED>               1,379,000
<SHARES-REINVESTED>                               0
<NET-CHANGE-IN-ASSETS>                          810
<ACCUMULATED-NII-PRIOR>                           0
<ACCUMULATED-GAINS-PRIOR>                         0
<OVERDISTRIB-NII-PRIOR>                           0
<OVERDIST-NET-GAINS-PRIOR>                        0
<GROSS-ADVISORY-FEES>                             0
<INTEREST-EXPENSE>                                0
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<PER-SHARE-NAV-BEGIN>                         12.27
<PER-SHARE-NII>                                 .50
<PER-SHARE-GAIN-APPREC>                         .80
<PER-SHARE-DIVIDEND>                              0
<PER-SHARE-DISTRIBUTIONS>                         0
<RETURNS-OF-CAPITAL>                              0
<PER-SHARE-NAV-END>                           13.07
<EXPENSE-RATIO>                                .014
<AVG-DEBT-OUTSTANDING>                            0
<AVG-DEBT-PER-SHARE>                              0
        

</TABLE>

<TABLE> <S> <C>


<ARTICLE>                            6
<CIK>                                0000932020
<NAME>                               SBL VARIABLE ANNUITY ACCOUNT VIII
<SERIES>
     <NUMBER>                        006
     <NAME>                          SERIES S
<MULTIPLIER>                         1,000
<CURRENCY>                           U.S. DOLLARS
       
<S>                                  <C>
<PERIOD-TYPE>                        YEAR
<FISCAL-YEAR-END>                    DEC-31-1998
<PERIOD-START>                       JAN-01-1998
<PERIOD-END>                         DEC-31-1998
<EXCHANGE-RATE>                                   1
<INVESTMENTS-AT-COST>                        22,396
<INVESTMENTS-AT-VALUE>                       26,286
<RECEIVABLES>                                     0
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<NET-ASSETS>                                 26,286
<DIVIDEND-INCOME>                                32
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<EXPENSES-NET>                                (213)
<NET-INVESTMENT-INCOME>                       (181)
<REALIZED-GAINS-CURRENT>                      1,430
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<NET-CHANGE-FROM-OPS>                         4,449
<EQUALIZATION>                                    0
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<NUMBER-OF-SHARES-SOLD>                     876,000
<NUMBER-OF-SHARES-REDEEMED>                 276,000
<SHARES-REINVESTED>                               0
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<ACCUMULATED-NII-PRIOR>                           0
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<PER-SHARE-NAV-BEGIN>                         17.78
<PER-SHARE-NII>                               (.22)
<PER-SHARE-GAIN-APPREC>                        5.26
<PER-SHARE-DIVIDEND>                              0
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<PER-SHARE-NAV-END>                           23.04
<EXPENSE-RATIO>                                .012
<AVG-DEBT-OUTSTANDING>                            0
<AVG-DEBT-PER-SHARE>                              0
        

</TABLE>

<TABLE> <S> <C>


<ARTICLE>                            6
<CIK>                                0000932020
<NAME>                               SBL VARIABLE ANNUITY ACCOUNT VIII
<SERIES>
     <NUMBER>                        007
     <NAME>                          SERIES J
<MULTIPLIER>                         1,000
<CURRENCY>                           U.S. DOLLARS
       
<S>                                  <C>
<PERIOD-TYPE>                        YEAR
<FISCAL-YEAR-END>                    DEC-31-1998
<PERIOD-START>                       JAN-01-1998
<PERIOD-END>                         DEC-31-1998
<EXCHANGE-RATE>                                   1
<INVESTMENTS-AT-COST>                        25,105
<INVESTMENTS-AT-VALUE>                       27,973
<RECEIVABLES>                                     0
<ASSETS-OTHER>                                    0
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<PAYABLE-FOR-SECURITIES>                     27,973
<SENIOR-LONG-TERM-DEBT>                           0
<OTHER-ITEMS-LIABILITIES>                         0
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<SHARES-COMMON-STOCK>                     1,469,000
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<NET-ASSETS>                                 27,973
<DIVIDEND-INCOME>                               151
<INTEREST-INCOME>                                 0
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<EXPENSES-NET>                                (333)
<NET-INVESTMENT-INCOME>                       (182)
<REALIZED-GAINS-CURRENT>                      2,632
<APPREC-INCREASE-CURRENT>                     1,426
<NET-CHANGE-FROM-OPS>                         3,876
<EQUALIZATION>                                    0
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<NUMBER-OF-SHARES-SOLD>                   1,322,000
<NUMBER-OF-SHARES-REDEEMED>               1,087,000
<SHARES-REINVESTED>                               0
<NET-CHANGE-IN-ASSETS>                          235
<ACCUMULATED-NII-PRIOR>                           0
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<PER-SHARE-NAV-BEGIN>                         16.37
<PER-SHARE-NII>                               (.13)
<PER-SHARE-GAIN-APPREC>                        2.67
<PER-SHARE-DIVIDEND>                              0
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<EXPENSE-RATIO>                                .014
<AVG-DEBT-OUTSTANDING>                            0
<AVG-DEBT-PER-SHARE>                              0
        

</TABLE>

<TABLE> <S> <C>


<ARTICLE>                            6
<CIK>                                0000932020
<NAME>                               SBL VARIABLE ANNUITY ACCOUNT VIII
<SERIES>
     <NUMBER>                        008
     <NAME>                          SERIES K
<MULTIPLIER>                         1,000
<CURRENCY>                           U.S. DOLLARS
       
<S>                                  <C>
<PERIOD-TYPE>                        YEAR
<FISCAL-YEAR-END>                    DEC-31-1998
<PERIOD-START>                       JAN-01-1998
<PERIOD-END>                         DEC-31-1998
<EXCHANGE-RATE>                                   1
<INVESTMENTS-AT-COST>                         5,110
<INVESTMENTS-AT-VALUE>                        4,786
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<SHARES-COMMON-STOCK>                       365,000
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<NET-ASSETS>                                  4,786
<DIVIDEND-INCOME>                               454
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<EXPENSES-NET>                                 (72)
<NET-INVESTMENT-INCOME>                         382
<REALIZED-GAINS-CURRENT>                      (164)
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<NET-CHANGE-FROM-OPS>                           237
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<NUMBER-OF-SHARES-SOLD>                     241,000
<NUMBER-OF-SHARES-REDEEMED>                 258,000
<SHARES-REINVESTED>                               0
<NET-CHANGE-IN-ASSETS>                         (17)
<ACCUMULATED-NII-PRIOR>                           0
<ACCUMULATED-GAINS-PRIOR>                         0
<OVERDISTRIB-NII-PRIOR>                           0
<OVERDIST-NET-GAINS-PRIOR>                        0
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<INTEREST-EXPENSE>                                0
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<PER-SHARE-NAV-BEGIN>                         12.43
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<PER-SHARE-GAIN-APPREC>                         .67
<PER-SHARE-DIVIDEND>                              0
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<EXPENSE-RATIO>                                .015
<AVG-DEBT-OUTSTANDING>                            0
<AVG-DEBT-PER-SHARE>                              0
        

</TABLE>

<TABLE> <S> <C>


<ARTICLE>                            6
<CIK>                                0000932020
<NAME>                               SBL VARIABLE ANNUITY ACCOUNT VIII
<SERIES>
     <NUMBER>                        009
     <NAME>                          SERIES M
<MULTIPLIER>                         1,000
<CURRENCY>                           U.S. DOLLARS
       
<S>                                  <C>
<PERIOD-TYPE>                        YEAR
<FISCAL-YEAR-END>                    DEC-31-1998
<PERIOD-START>                       JAN-01-1998
<PERIOD-END>                         DEC-31-1998
<EXCHANGE-RATE>                                   1
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<NET-ASSETS>                                 14,854
<DIVIDEND-INCOME>                               327
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<EXPENSES-NET>                                (220)
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<REALIZED-GAINS-CURRENT>                      1,681
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<EQUALIZATION>                                    0
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<NUMBER-OF-SHARES-SOLD>                     240,000
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<NET-CHANGE-IN-ASSETS>                        (386)
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<EXPENSE-RATIO>                                .013
<AVG-DEBT-OUTSTANDING>                            0
<AVG-DEBT-PER-SHARE>                              0
        

</TABLE>

<TABLE> <S> <C>


<ARTICLE>                            6
<CIK>                                0000932020
<NAME>                               SBL VARIABLE ANNUITY ACCOUNT VIII
<SERIES>
     <NUMBER>                        010
     <NAME>                          SERIES N
<MULTIPLIER>                         1,000
<CURRENCY>                           U.S. DOLLARS
       
<S>                                  <C>
<PERIOD-TYPE>                        YEAR
<FISCAL-YEAR-END>                    DEC-31-1998
<PERIOD-START>                       JAN-01-1998
<PERIOD-END>                         DEC-31-1998
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<INVESTMENTS-AT-COST>                        27,734
<INVESTMENTS-AT-VALUE>                       31,200
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<NUMBER-OF-SHARES-SOLD>                   1,084,000
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<EXPENSE-RATIO>                                .014
<AVG-DEBT-OUTSTANDING>                            0
<AVG-DEBT-PER-SHARE>                              0
        

</TABLE>

<TABLE> <S> <C>


<ARTICLE>                            6
<CIK>                                0000932020
<NAME>                               SBL VARIABLE ANNUITY ACCOUNT VIII
<SERIES>
     <NUMBER>                        011
     <NAME>                          SERIES O
<MULTIPLIER>                         1,000
<CURRENCY>                           U.S. DOLLARS
       
<S>                                  <C>
<PERIOD-TYPE>                        YEAR
<FISCAL-YEAR-END>                    DEC-31-1998
<PERIOD-START>                       JAN-01-1998
<PERIOD-END>                         DEC-31-1998
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<ACCUMULATED-NII-PRIOR>                           0
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<AVG-DEBT-PER-SHARE>                              0
        

</TABLE>

<TABLE> <S> <C>


<ARTICLE>                            6
<CIK>                                0000932020
<NAME>                               SBL VARIABLE ANNUITY ACCOUNT VIII
<SERIES>
     <NUMBER>                        012
     <NAME>                          SERIES P
<MULTIPLIER>                         1,000
<CURRENCY>                           U.S. DOLLARS
       
<S>                                  <C>
<PERIOD-TYPE>                        YEAR
<FISCAL-YEAR-END>                    DEC-31-1998
<PERIOD-START>                       JAN-01-1998
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<PER-SHARE-NAV-BEGIN>                         11.84
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<EXPENSE-RATIO>                                .014
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<AVG-DEBT-PER-SHARE>                              0
        

</TABLE>

<TABLE> <S> <C>


<ARTICLE>                            6
<CIK>                                0000932020
<NAME>                               SBL VARIABLE ANNUITY ACCOUNT VIII
<SERIES>
     <NUMBER>                        013
     <NAME>                          SERIES V
<MULTIPLIER>                         1,000
<CURRENCY>                           U.S. DOLLARS
       
<S>                                  <C>
<PERIOD-TYPE>                        YEAR
<FISCAL-YEAR-END>                    DEC-31-1998
<PERIOD-START>                       jan-01-1998
<PERIOD-END>                         DEC-31-1998
<EXCHANGE-RATE>                                   1
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</TABLE>

<TABLE> <S> <C>


<ARTICLE>                            6
<CIK>                                0000932020
<NAME>                               SBL VARIABLE ANNUITY ACCOUNT VIII
<SERIES>
     <NUMBER>                        014
     <NAME>                          SERIES X
<MULTIPLIER>                         1,000
<CURRENCY>                           U.S. DOLLARS
       
<S>                                  <C>
<PERIOD-TYPE>                        2-MOS
<FISCAL-YEAR-END>                    DEC-31-1998
<PERIOD-START>                       OCT-15-1997
<PERIOD-END>                         DEC-31-1998
<EXCHANGE-RATE>                                   1
<INVESTMENTS-AT-COST>                          2670
<INVESTMENTS-AT-VALUE>                         2949
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<TOTAL-LIABILITIES>                            2949
<SENIOR-EQUITY>                                   0
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<SHARES-COMMON-PRIOR>                         25000
<ACCUMULATED-NII-CURRENT>                         0
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<NET-ASSETS>                                   2949
<DIVIDEND-INCOME>                                 1
<INTEREST-INCOME>                                 0
<OTHER-INCOME>                                    0
<EXPENSES-NET>                                 (19)
<NET-INVESTMENT-INCOME>                        (18)
<REALIZED-GAINS-CURRENT>                        (9)
<APPREC-INCREASE-CURRENT>                       276
<NET-CHANGE-FROM-OPS>                           249
<EQUALIZATION>                                    0
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<DISTRIBUTIONS-OF-GAINS>                          0
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<NET-CHANGE-IN-ASSETS>                          256
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<INTEREST-EXPENSE>                                0
<GROSS-EXPENSE>                                   0
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<PER-SHARE-NAV-BEGIN>                          9.55
<PER-SHARE-NII>                               (.12)
<PER-SHARE-GAIN-APPREC>                         .95
<PER-SHARE-DIVIDEND>                              0
<PER-SHARE-DISTRIBUTIONS>                         0
<RETURNS-OF-CAPITAL>                              0
<PER-SHARE-NAV-END>                           10.50
<EXPENSE-RATIO>                                .012
<AVG-DEBT-OUTSTANDING>                            0
<AVG-DEBT-PER-SHARE>                              0
        

</TABLE>


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