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<PAGE> PAGE 4
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<PAGE> PAGE 5
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<PAGE> PAGE 6
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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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<PAGE> PAGE 12
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<PAGE> PAGE 13
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<PAGE> PAGE 14
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<PAGE> PAGE 15
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<PAGE> PAGE 16
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<PAGE> PAGE 17
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<PAGE> PAGE 18
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<PAGE> PAGE 19
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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
063 A000400 25
063 B000400 0.0
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 N
070 C020400 N
070 D010400 N
070 D020400 N
070 E010400 N
070 E020400 N
070 F010400 N
070 F020400 N
070 G010400 N
070 G020400 N
070 H010400 N
070 H020400 N
070 I010400 N
070 I020400 N
<PAGE> PAGE 21
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 N
070 N020400 N
070 O010400 N
070 O020400 N
070 P010400 N
070 P020400 N
070 Q010400 N
070 Q020400 N
070 R010400 N
070 R020400 N
071 A000400 0
071 B000400 0
071 C000400 0
071 D000400 0
072 A000400 6
072 B000400 46
072 C000400 0
072 D000400 0
072 E000400 0
072 F000400 4
072 G000400 0
072 H000400 0
072 I000400 0
072 J000400 9
072 K000400 0
072 L000400 0
072 M000400 2
072 N000400 0
072 O000400 0
072 P000400 0
072 Q000400 0
072 R000400 8
072 S000400 1
072 T000400 0
072 U000400 0
072 V000400 0
072 W000400 1
072 X000400 25
072 Y000400 17
072 Z000400 38
072AA000400 0
072BB000400 0
072CC010400 0
<PAGE> PAGE 22
072CC020400 0
072DD010400 38
072DD020400 0
072EE000400 0
073 A010400 0.0227
073 A020400 0.0000
073 B000400 0.0000
073 C000400 0.0000
074 A000400 0
074 B000400 245
074 C000400 1408
074 D000400 0
074 E000400 0
074 F000400 0
074 G000400 0
074 H000400 0
074 I000400 0
074 J000400 0
074 K000400 2
074 L000400 38
074 M000400 1
074 N000400 1694
074 O000400 0
074 P000400 0
074 Q000400 0
074 R010400 0
074 R020400 0
074 R030400 0
074 R040400 14
074 S000400 0
074 T000400 1680
074 U010400 1680
074 U020400 0
074 V010400 1.00
074 V020400 0.00
074 W000400 0.9999
074 X000400 1
074 Y000400 0
075 A000400 1679
075 B000400 0
076 000400 0.00
008 A000501 LPIMC INSURANCE MARKETING SERVICES
008 B000501 A
008 C000501 801-48674
008 D010501 SACRAMENTO
008 D020501 CA
008 D030501 95833
024 000500 Y
025 A000501 ABN AMRO HOLDING, NV, ADR
025 C000501 E
025 D000501 38
<PAGE> PAGE 23
025 D000502 0
025 D000503 0
025 D000504 0
025 D000505 0
025 D000506 0
025 D000507 0
025 D000508 0
028 A010500 127
028 A020500 0
028 A030500 0
028 A040500 0
028 B010500 96
028 B020500 0
028 B030500 0
028 B040500 3
028 C010500 50
028 C020500 0
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028 C040500 41
028 D010500 58
028 D020500 0
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028 D040500 22
028 E010500 70
028 E020500 0
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028 E040500 1141
028 F010500 0
028 F020500 0
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028 F040500 514
028 G010500 401
028 G020500 0
028 G030500 0
028 G040500 1721
028 H000500 0
045 000500 Y
046 000500 N
047 000500 Y
048 000500 0.000
048 A010500 150000
048 A020500 0.750
048 B010500 350000
048 B020500 0.700
048 C010500 0
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048 D020500 0.000
048 E010500 0
048 E020500 0.000
048 F010500 0
<PAGE> PAGE 24
048 F020500 0.000
048 G010500 0
048 G020500 0.000
048 H010500 0
048 H020500 0.000
048 I010500 0
048 I020500 0.000
048 J010500 0
048 J020500 0.000
048 K010500 500000
048 K020500 0.650
062 A000500 N
062 B000500 0.0
062 C000500 0.0
062 D000500 0.0
062 E000500 0.0
062 F000500 0.0
062 G000500 0.0
062 H000500 0.0
062 I000500 0.0
062 J000500 0.0
062 K000500 0.0
062 L000500 0.0
062 M000500 0.0
062 N000500 0.0
062 O000500 0.0
062 P000500 0.0
062 Q000500 0.0
062 R000500 0.0
066 A000500 Y
066 B000500 N
066 C000500 N
066 D000500 Y
066 E000500 N
066 F000500 N
066 G000500 N
067 000500 N
068 A000500 N
068 B000500 Y
069 000500 N
070 A010500 Y
070 A020500 Y
070 B010500 Y
070 B020500 N
070 C010500 Y
070 C020500 N
070 D010500 Y
070 D020500 N
070 E010500 Y
070 E020500 N
070 F010500 Y
<PAGE> PAGE 25
070 F020500 N
070 G010500 Y
070 G020500 N
070 H010500 Y
070 H020500 N
070 I010500 Y
070 I020500 N
070 J010500 Y
070 J020500 N
070 K010500 Y
070 K020500 Y
070 L010500 Y
070 L020500 Y
070 M010500 Y
070 M020500 Y
070 N010500 Y
070 N020500 N
070 O010500 Y
070 O020500 N
070 P010500 N
070 P020500 N
070 Q010500 N
070 Q020500 N
070 R010500 Y
070 R020500 N
071 A000500 1203
071 B000500 2478
071 C000500 1183
071 D000500 102
072 A000500 6
072 B000500 16
072 C000500 4
072 D000500 0
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072 F000500 6
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072 I000500 0
072 J000500 30
072 K000500 0
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072 O000500 0
072 P000500 0
072 Q000500 0
072 R000500 8
072 S000500 1
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<PAGE> PAGE 26
072 W000500 1
072 X000500 48
072 Y000500 37
072 Z000500 9
072AA000500 159
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074 S000500 0
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074 V010500 10.18
074 V020500 0.00
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075 A000500 0
075 B000500 1496
076 000500 0.00
008 A000601 LPIMC INSURANCE MARKETING SERVICES
008 B000601 A
008 C000601 801-48674
<PAGE> PAGE 27
008 D010601 SACRAMENTO
008 D020601 CA
008 D030601 95833
008 A000602 STRONG CAPITAL MANAGEMENT COMPANY
008 B000602 S
008 C000602 801-10724
008 D010602 MENOMOWEE
008 D020602 WI
008 D030602 53051
024 000600 Y
025 A000601 AMERICAN EXPRESS CORP.
025 C000601 E
025 D000601 68
025 A000602 MORGAN STANLEY, DEAN WITTER, DISCOVER & CO.
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025 D000603 0
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028 E010600 359
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028 G010600 1795
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028 G040600 256
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<PAGE> PAGE 28
045 000600 Y
046 000600 N
047 000600 Y
048 000600 0.000
048 A010600 150000
048 A020600 0.750
048 B010600 350000
048 B020600 0.700
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048 C020600 0.000
048 D010600 0
048 D020600 0.000
048 E010600 0
048 E020600 0.000
048 F010600 0
048 F020600 0.000
048 G010600 0
048 G020600 0.000
048 H010600 0
048 H020600 0.000
048 I010600 0
048 I020600 0.000
048 J010600 0
048 J020600 0.000
048 K010600 500000
048 K020600 0.650
062 A000600 N
062 B000600 0.0
062 C000600 0.0
062 D000600 0.0
062 E000600 0.0
062 F000600 0.0
062 G000600 0.0
062 H000600 0.0
062 I000600 0.0
062 J000600 0.0
062 K000600 0.0
062 L000600 0.0
062 M000600 0.0
062 N000600 0.0
062 O000600 0.0
062 P000600 0.0
062 Q000600 0.0
062 R000600 0.0
066 A000600 Y
066 B000600 N
066 C000600 N
066 D000600 Y
066 E000600 N
066 F000600 N
066 G000600 N
<PAGE> PAGE 29
067 000600 N
068 A000600 N
068 B000600 N
069 000600 N
070 A010600 Y
070 A020600 Y
070 B010600 Y
070 B020600 N
070 C010600 Y
070 C020600 N
070 D010600 Y
070 D020600 N
070 E010600 Y
070 E020600 N
070 F010600 Y
070 F020600 N
070 G010600 Y
070 G020600 N
070 H010600 Y
070 H020600 N
070 I010600 N
070 I020600 N
070 J010600 Y
070 J020600 N
070 K010600 Y
070 K020600 Y
070 L010600 Y
070 L020600 Y
070 M010600 Y
070 M020600 N
070 N010600 Y
070 N020600 N
070 O010600 N
070 O020600 N
070 P010600 N
070 P020600 N
070 Q010600 N
070 Q020600 N
070 R010600 Y
070 R020600 N
071 A000600 5724
071 B000600 4087
071 C000600 3631
071 D000600 113
072 A000600 6
072 B000600 7
072 C000600 8
072 D000600 0
072 E000600 0
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072 G000600 0
<PAGE> PAGE 30
072 H000600 0
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072 Y000600 25
072 Z000600 -9
072AA000600 247
072BB000600 0
072CC010600 380
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072DD020600 0
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073 A010600 0.0000
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073 C000600 0.0000
074 A000600 1
074 B000600 107
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074 E000600 0
074 F000600 5031
074 G000600 0
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074 N000600 5176
074 O000600 77
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074 R040600 22
<PAGE> PAGE 31
074 S000600 0
074 T000600 5070
074 U010600 323
074 U020600 0
074 V010600 15.69
074 V020600 0.00
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075 A000600 0
075 B000600 3848
076 000600 0.00
008 A000701 LPIMC INSURANCE MARKETING SERVICES
008 B000701 A
008 C000701 801-46874
008 D010701 SACRAMENTO
008 D020701 CA
008 D030701 95833
008 A000702 ROBERTSON STEPHENS & CO INVESTMENT MGMT L.P.
008 B000702 S
008 C000702 801-144125
008 D010702 SAN FRANCISCO
008 D020702 CA
008 D030702 94104
024 000700 Y
025 A000701 BEAR STEARNS COMPANIES
025 C000701 E
025 D000701 57
025 D000702 0
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025 D000704 0
025 D000705 0
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025 D000707 0
025 D000708 0
028 A010700 266
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028 C010700 257
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<PAGE> PAGE 32
028 E010700 439
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028 G010700 1609
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028 G040700 234
028 H000700 0
045 000700 Y
046 000700 N
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048 000700 0.000
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048 D010700 0
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048 K010700 200000
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062 G000700 0.0
062 H000700 0.0
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<PAGE> PAGE 33
062 M000700 0.0
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066 A000700 Y
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066 F000700 N
066 G000700 N
067 000700 N
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069 000700 N
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070 J020700 N
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<PAGE> PAGE 34
070 R010700 Y
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071 A000700 7981
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073 A010700 0.0000
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<PAGE> PAGE 35
074 I000700 21
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076 000700 0.00
008 A000801 LPIMC INSURANCE MARKETING SERVICES
008 B000801 A
008 C000801 801-48674
008 D010801 SACRAMENTO
008 D020801 CA
008 D030801 95833
008 A000802 LEXINGTON MANAGEMENT CORPORATION
008 B000802 S
008 C000802 801-8281
008 D010802 SADDLE BROOK
008 D020802 NJ
008 D030802 07663
024 000800 Y
025 A000801 J.P. MORGAN & COMPANY
025 C000801 E
025 D000801 272
025 A000802 AMERICAN EXPRESS COMPANY
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028 A010800 431
<PAGE> PAGE 36
028 A020800 0
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028 B010800 213
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028 E010800 699
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028 G010800 2649
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045 000800 Y
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<PAGE> PAGE 37
048 J020800 0.000
048 K010800 100000
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062 A000800 N
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062 N000800 0.0
062 O000800 0.0
062 P000800 0.0
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062 R000800 0.0
066 A000800 Y
066 B000800 N
066 C000800 N
066 D000800 N
066 E000800 Y
066 F000800 N
066 G000800 N
067 000800 N
068 A000800 N
068 B000800 N
069 000800 N
070 A010800 Y
070 A020800 Y
070 B010800 N
070 B020800 N
070 C010800 N
070 C020800 N
070 D010800 N
070 D020800 N
070 E010800 N
070 E020800 N
070 F010800 N
070 F020800 N
070 G010800 N
070 G020800 N
070 H010800 N
070 H020800 N
070 I010800 N
070 I020800 N
070 J010800 N
<PAGE> PAGE 38
070 J020800 N
070 K010800 Y
070 K020800 Y
070 L010800 Y
070 L020800 Y
070 M010800 N
070 M020800 N
070 N010800 N
070 N020800 N
070 O010800 N
070 O020800 N
070 P010800 N
070 P020800 N
070 Q010800 N
070 Q020800 N
070 R010800 N
070 R020800 N
071 A000800 2614
071 B000800 116
071 C000800 4788
071 D000800 2
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072 B000800 4
072 C000800 47
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072 Y000800 13
072 Z000800 20
072AA000800 65
072BB000800 0
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<PAGE> PAGE 39
072DD010800 0
072DD020800 0
072EE000800 0
073 A010800 0.0000
073 A020800 0.0000
073 B000800 0.0000
073 C000800 0.0000
074 A000800 1
074 B000800 0
074 C000800 91
074 D000800 0
074 E000800 0
074 F000800 6349
074 G000800 0
074 H000800 0
074 I000800 0
074 J000800 0
074 K000800 0
074 L000800 10
074 M000800 1
074 N000800 6452
074 O000800 0
074 P000800 15
074 Q000800 0
074 R010800 0
074 R020800 0
074 R030800 0
074 R040800 21
074 S000800 0
074 T000800 6416
074 U010800 431
074 U020800 0
074 V010800 14.89
074 V020800 0.00
074 W000800 0.0000
074 X000800 1
074 Y000800 0
075 A000800 0
075 B000800 4817
076 000800 0.00
SIGNATURE GEORGE NICHOLSON
TITLE TREASURER
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000936330
<NAME> LPT VARIABLE INSURANCE SERIES TRUST
<SERIES>
<NUMBER> 001
<NAME> HARRIS ASSOCIATES VALUE PORTFOLIO
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> DEC-31-1998
<PERIOD-END> JUN-30-1998
<INVESTMENTS-AT-COST> 6,073,641
<INVESTMENTS-AT-VALUE> 6,368,220
<RECEIVABLES> 14,782
<ASSETS-OTHER> 1,991
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 6,384,993
<PAYABLE-FOR-SECURITIES> 204,480
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 23,942
<TOTAL-LIABILITIES> 228,422
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 5,584,173
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