GROWTH PORTFOLIO/CA/
NSAR-B, 1997-02-28
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<PAGE>      PAGE  1
000 B000000 12/31/96
000 C000000 0000946278
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 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 N
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 CHANCELLOR LGT ASSET MANAGEMENT, INC.
008 B00AA01 A
008 C00AA01 801-10254
008 D01AA01 SAN FRANCISCO
008 D02AA01 CA
008 D03AA01 94111
010 A00AA01 CHANCELLOR 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 BANKERS TRUST
020 C000001     18
020 A000002 INSTINET
020 C000002     13
020 A000003 PRUDENTIAL SECURITIES
020 C000003      8
020 A000004 MONTGOMERY SECURITIES
020 C000004      5
020 A000005 ITG INCORPORATED
020 C000005      5
020 A000006 NEWBRIDGE SECURITIES
020 C000006      4
020 A000007 GENESIS MERCHANT GROUP
020 C000007      4
020 A000008 WHEAT FIRST
020 C000008      4
020 A000009 OPPENHEIMER & CO.
020 C000009      4
020 A000010 CS FIRST BOSTON
020 C000010      3
021  000000       92
022 A000001 STATE STREET BANK AND TRUST COMPANY
022 C000001    864376
022 D000001         0
022 A000002 HERZOG HEINE GEDULD
022 C000002      2035
022 D000002      1304
022 A000003 MERRILL LYNCH
022 C000003      2204
022 D000003       956
022 A000004 MORGAN KEEGAN & CO.
<PAGE>      PAGE  3
022 C000004      1061
022 D000004      1493
022 A000005 SMITH BARNEY
022 C000005       793
022 D000005      1044
022 A000006 BEAR STEARNS
022 C000006      1107
022 D000006       599
022 A000007 JP MORGAN
022 C000007       946
022 D000007       571
022 A000008 ALEX BROWN
022 C000008      1024
022 D000008       489
022 A000009 NEEDHAM & CO.
022 C000009       881
022 D000009       619
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022 C000010       140
022 D000010      1287
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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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SIGNATURE   PAMELA RUDDOCK                               
TITLE       ASSISTANT TREASURER 
 


<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
       
<S>                             <C>
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</TABLE>

<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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