GROWTH PORTFOLIO/CA/
NSAR-B, 1996-02-29
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<PAGE>      PAGE  1
000 B000000 12/31/95
000 C000000 0000946278
000 D000000 N
000 E000000 NF
000 F000000 Y
000 G000000 N
000 H000000 N
000 I000000 3.0
000 J000000 U
001 A000000 GROWTH PORTFOLIO
001 B000000 811-7363
001 C000000 4153926181
002 A000000 50 CALIFORNIA STREET, 27TH FLOOR
002 B000000 SAN FRANCISCO
002 C000000 CA
002 D010000 94111
003  000000 Y
004  000000 N
005  000000 N
006  000000 N
007 A000000 Y
007 B000000  2
007 C010100  1
007 C020100 SMALL CAP GROWTH PORTFOLIO
007 C030100 N
007 C010200  2
007 C020200 VALUE PORTFOLIO
007 C030200 N
007 C010300  3
007 C010400  4
007 C010500  5
007 C010600  6
007 C010700  7
007 C010800  8
007 C010900  9
007 C011000 10
008 A00AA01 LGT ASSET MANAGEMENT, INC.
008 B00AA01 A
008 C00AA01 801-10254
008 D01AA01 SAN FRANCISCO
008 D02AA01 CA
008 D03AA01 94111
010 A00AA01 LGT ASSET MANAGEMENT, INC.
010 B00AA01 801-10254
010 C01AA01 SAN FRANCISCO
010 C02AA01 CA
010 C03AA01 94111
011 A00AA01 GT GLOBAL, INC.
011 B00AA01 8-37656
011 C01AA01 SAN FRANCISCO
011 C02AA01 CA
<PAGE>      PAGE  2
011 C03AA01 94111
012 A00AA01 GT GLOBAL INVESTOR SERVICES, INC.
012 B00AA01 84-1848
012 C01AA01 SAN FRANCISCO
012 C02AA01 CA
012 C03AA01 94111
013 A00AA01 COOPERS & LYBRAND
013 B01AA01 BOSTON
013 B02AA01 MA
013 B03AA01 02109
015 A00AA01 STATE STREET BANK AND 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   23
019 C00AA00 GTGLOBALXX
020 A000001 NED DAVIS
020 C000001      1
020 A000002 NEWBRIDGE SECURITIES
020 C000002      1
020 A000003 INSTINET
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020 C000005      0
020 C000006      0
020 C000007      0
020 C000008      0
020 C000009      0
020 C000010      0
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022 A000001 STATE STREET BANK AND TRUST COMPANY
022 C000001     46924
022 D000001         0
022 A000002 MERRILL, LYNCH, PIERCE, FENNER & SMITH INC.
022 C000002      1263
022 D000002         0
022 A000003 MORGAN STANLEY & CO. INC.
022 C000003       711
022 D000003         0
022 A000004 MORGAN KEEGAN & COMPANY, INC.
022 C000004       344
022 D000004         0
022 A000005 BEAR STEARNS & CO.
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022 A000006 MONTGOMERY SECURITIES
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<PAGE>      PAGE  3
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<PAGE>      PAGE  4
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054 E00AA00 N
054 F00AA00 N
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054 H00AA00 Y
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054 J00AA00 Y
054 K00AA00 N
054 L00AA00 N
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085 B00AA00 N
<PAGE>      PAGE  5
024  000100 N
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051  000100 N
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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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024  000200 Y
025 A000201 LEHMAN BROTHERS INC.
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<PAGE>      PAGE  9
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049  000200 N
050  000200 N
051  000200 N
052  000200 N
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066 A000200 Y
066 B000200 N
066 C000200 Y
066 D000200 N
066 E000200 N
066 F000200 N
066 G000200 N
067  000200 N
068 A000200 N
068 B000200 N
<PAGE>      PAGE  10
069  000200 N
070 A010200 Y
070 A020200 N
070 B010200 Y
070 B020200 N
070 C010200 Y
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 Y
070 J020200 N
070 K010200 Y
070 K020200 N
070 L010200 N
070 L020200 N
070 M010200 N
070 M020200 N
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070 O020200 N
070 P010200 Y
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<PAGE>      PAGE  11
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<PAGE>      PAGE  12
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SIGNATURE   PAMELA RUDDOCK                               
TITLE       ASSISTANT TREASURER 
 

WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.

<TABLE> <S> <C>

<ARTICLE> 6
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE FUND'S
ANNUAL FINANCIAL STATEMENTS AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE
TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
<CIK> 0000946278
<NAME> GROWTH PORTFOLIO
<SERIES>
   <NUMBER> 01
   <NAME> SMALL CAP GROWTH PORTFOLIO
<MULTIPLIER> 1000
       
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</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.

<TABLE> <S> <C>

<ARTICLE> 6
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE
FUND'S ANNUAL FINANCIAL STATEMENTS AND IS QUALIFIED IN ITS ENTIRETY BY
REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
<CIK> 0000946278
<NAME> GROWTH PORTFOLIO
<SERIES>
   <NUMBER> 02
   <NAME> VALUE PORTFOLIO
<MULTIPLIER> 1000
       
<S>                             <C>
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</TABLE>


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