GROWTH PORTFOLIO/CA/
NSAR-B, 1998-02-27
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<PAGE>      PAGE  1
000 B000000 12/31/97
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 811-07363
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 L.L.P.
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   47
019 C00AA00 GTGLOBALXX
020 A000001 ESI SECURITIES
020 C000001     11
020 A000002 MERRILL, LYNCH, PIERCE, FENNER & SMITH
020 C000002      9
020 A000003 INSTINET CORP.
020 C000003      8
020 A000004 GOLDMAN SACHS
020 C000004      8
020 A000005 NEUBERGER & BERMAN
020 C000005      6
020 A000006 WEEDEN SECURITIES
020 C000006      5
020 A000007 ALEX BROWN SECURITIES
020 C000007      5
020 A000008 PAINE WEBBER
020 C000008      3
020 A000009 DLJ/PERSHING
020 C000009      3
020 A000010 CANTOR FITZGERALD & CO INC.
020 C000010      3
021  000000      114
022 A000001 STATE STREET BANK AND TRUST COMPANY
022 C000001    655050
022 D000001         0
022 A000002 ALEX BROWN
022 C000002      6319
022 D000002      1924
022 A000003 GOLDMAN SACHS
022 C000003      4748
022 D000003      2227
022 A000004 SMITH BARNEY
<PAGE>      PAGE  3
022 C000004      3007
022 D000004      3665
022 A000005 MERRILL, LYNCH, PIERCE, FENNER & SMITH
022 C000005      4707
022 D000005      1069
022 A000006 ROBERTSON STEVENS & CO.
022 C000006      3392
022 D000006      1236
022 A000007 DLJ/PERSHING
022 C000007      2527
022 D000007      1939
022 A000008 MONTGOMERY SECURITIES
022 C000008      2803
022 D000008      1623
022 A000009 MORGAN STANLEY
022 C000009      1987
022 D000009      1109
022 A000010 SALOMON BROTHERS
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022 D000010      1281
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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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024  000200 Y
025 A000201 NATIONSBANK CORP.
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<PAGE>      PAGE  9
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050  000200 N
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052  000200 N
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055 A000200 N
055 B000200 Y
<PAGE>      PAGE  10
056  000200 Y
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066 A000200 Y
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066 C000200 Y
066 D000200 N
066 E000200 N
066 F000200 N
066 G000200 N
067  000200 N
068 A000200 N
068 B000200 N
069  000200 N
070 A010200 Y
070 A020200 Y
070 B010200 Y
070 B020200 N
070 C010200 Y
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070 D010200 Y
070 D020200 N
070 E010200 Y
070 E020200 N
070 F010200 Y
070 F020200 N
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070 H020200 N
070 I010200 N
070 I020200 N
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<PAGE>      PAGE  11
070 K010200 Y
070 K020200 N
070 L010200 Y
070 L020200 N
070 M010200 Y
070 M020200 N
070 N010200 Y
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070 P010200 Y
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SIGNATURE   PAMELA RUDDOCK                               
TITLE       ASSISTANT TREASURER 
 


<TABLE> <S> <C>

<ARTICLE> 6
<LEGEND>
THIS LEGEND CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE FUND'S
ANNUAL FINANCIAL STATMENTS AND IS QUALFIED 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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<AVG-DEBT-PER-SHARE>                                        0
        


</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<LEGEND>
THIS LEGEND CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE FUND'S
ANNUAL FINANCIAL STATMENTS AND IS QUALFIED 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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