<PAGE> PAGE 1
000 B000000 12/31/98
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 A I M ADVISORS, INC.
008 B00AA01 A
008 C00AA01 801-12313
008 D01AA01 HOUSTON
008 D02AA01 TX
008 D03AA01 77046
008 A00AA02 INVESCO (NY), INC.
008 B00AA02 S
008 C00AA02 801-10254
008 D01AA02 SAN FRANCISCO
008 D02AA02 CA
008 D03AA02 94111
010 A00AA01 A I M ADVISORS, INC.
010 B00AA01 801-12313
010 C01AA01 HOUSTON
<PAGE> PAGE 2
010 C02AA01 TX
010 C03AA01 77046
010 A00AA02 INVESCO (NY), INC.
010 B00AA02 801-10254
010 C01AA02 SAN FRANCISCO
010 C02AA02 CA
010 C03AA02 94111
011 A00AA01 A I M DISTRIBUTORS
011 B00AA01 8-21323
011 C01AA01 HOUSTON
011 C02AA01 TX
011 C03AA01 77210
011 C04AA01 4739
012 A00AA01 A I M FUND SERVICES, INC.
012 B00AA01 84-5432
012 C01AA01 HOUSTON
012 C02AA01 TX
012 C03AA01 77210
013 A00AA01 PRICEWATERHOUSECOOPERS LLP
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 98
019 C00AA00 AIMFUNDSAA
020 A000001 PAINE WEBBER
020 C000001 24
020 A000002 INSTINET CORP.
020 C000002 12
020 A000003 ESI SECURITIES
020 C000003 11
020 A000004 D E SHAW & CO.
020 C000004 9
020 A000005 MERRILL LYNCH PIERCE FENNER & SMITH
020 C000005 9
020 A000006 WEEDEN
020 C000006 8
020 A000007 MONTGOMERY SECURITIES
020 C000007 7
020 A000008 DONALDSON, LUFKIN, JENRETTE
020 C000008 6
020 A000009 BROWN CROTHERS HARRIMAN
020 C000009 5
020 A000010 LEHMAN BROTHERS
<PAGE> PAGE 3
020 C000010 5
021 000000 162
022 A000001 STATE STREET BANK AND TRUST COMPANY
022 C000001 243978
022 D000001 0
022 A000002 SBC WARBURG DILLON
022 C000002 242906
022 D000002 300
022 A000003 GOLDMAN SACHS
022 C000003 57844
022 D000003 32051
022 A000004 DEAN WITTER REYNOLD, INC.
022 C000004 82550
022 D000004 0
022 A000005 JP MORGAN
022 C000005 22598
022 D000005 91
022 A000006 SOCIETE GENERALE SECURITIES
022 C000006 13020
022 D000006 0
022 A000007 CS FIRST BOSTON
022 C000007 7850
022 D000007 5072
022 A000008 MONTGOMERY SECURITIES
022 C000008 3552
022 D000008 4054
022 A000009 LUMMIS
022 C000009 7313
022 D000009 0
022 A000010 SALOMON BROTHERS
022 C000010 2759
022 D000010 2112
023 C000000 717671
023 D000000 66685
026 A000000 Y
026 B000000 Y
026 C000000 N
026 D000000 Y
026 E000000 N
026 F000000 N
026 G010000 N
026 G020000 Y
026 H000000 Y
027 000000 Y
029 00AA00 N
030 A00AA00 0
030 B00AA00 0.00
030 C00AA00 0.00
031 A00AA00 0
031 B00AA00 0
032 00AA00 0
<PAGE> PAGE 4
033 00AA00 0
034 00AA00 N
035 00AA00 0
036 B00AA00 0
037 00AA00 N
038 00AA00 0
039 00AA00 N
040 00AA00 N
045 00AA00 Y
046 00AA00 N
047 00AA00 Y
048 00AA00 0.000
048 A01AA00 500000
048 A02AA00 0.475
048 B01AA00 500000
048 B02AA00 0.450
048 C01AA00 500000
048 C02AA00 0.425
048 D01AA00 0
048 D02AA00 0.000
048 E01AA00 0
048 E02AA00 0.000
048 F01AA00 0
048 F02AA00 0.000
048 G01AA00 0
048 G02AA00 0.000
048 H01AA00 0
048 H02AA00 0.000
048 I01AA00 0
048 I02AA00 0.000
048 J01AA00 0
048 J02AA00 0.000
048 K01AA00 1500000
048 K02AA00 0.400
054 A00AA00 Y
054 B00AA00 Y
054 C00AA00 N
054 D00AA00 N
054 E00AA00 N
054 F00AA00 N
054 G00AA00 Y
054 H00AA00 Y
054 I00AA00 N
054 J00AA00 Y
054 K00AA00 N
054 L00AA00 N
054 M00AA00 Y
054 N00AA00 N
054 O00AA00 Y
058 A00AA00 N
059 00AA00 Y
<PAGE> PAGE 5
060 A00AA00 Y
060 B00AA00 Y
061 00AA00 0
077 A000000 Y
077 B000000 Y
078 000000 N
080 A00AA00 CHUBB INSURANCE
080 C00AA00 20000
081 A00AA00 Y
081 B00AA00 38
082 A00AA00 Y
082 B00AA00 25
083 A00AA00 N
083 B00AA00 0
084 A00AA00 N
084 B00AA00 0
085 A00AA00 Y
085 B00AA00 N
024 000100 N
028 A010100 3374
028 A020100 0
028 A030100 0
028 A040100 3817
028 B010100 1970
028 B020100 0
028 B030100 0
028 B040100 2692
028 C010100 239
028 C020100 0
028 C030100 0
028 C040100 1064
028 D010100 714
028 D020100 0
028 D030100 0
028 D040100 140
028 E010100 403
028 E020100 0
028 E030100 0
028 E040100 902
028 F010100 98
028 F020100 0
028 F030100 0
028 F040100 700
028 G010100 6800
028 G020100 0
028 G030100 0
028 G040100 9317
028 H000100 0
042 A000100 0
042 B000100 0
042 C000100 0
<PAGE> PAGE 6
042 D000100 0
042 E000100 0
042 F000100 0
042 G000100 0
042 H000100 0
043 000100 0
044 000100 0
049 000100 N
050 000100 N
051 000100 N
052 000100 N
053 A000100 Y
053 B000100 Y
053 C000100 N
055 A000100 N
055 B000100 Y
056 000100 Y
057 000100 N
062 A000100 N
062 B000100 0.0
062 C000100 0.0
062 D000100 0.0
062 E000100 0.0
062 F000100 0.0
062 G000100 0.0
062 H000100 0.0
062 I000100 0.0
062 J000100 0.0
062 K000100 0.0
062 L000100 0.0
062 M000100 0.0
062 N000100 0.0
062 O000100 0.0
062 P000100 0.0
062 Q000100 0.0
062 R000100 0.0
066 A000100 Y
066 B000100 N
066 C000100 Y
066 D000100 N
066 E000100 N
066 F000100 N
066 G000100 N
067 000100 N
068 A000100 N
068 B000100 N
069 000100 N
070 A010100 Y
070 A020100 Y
070 B010100 Y
070 B020100 N
<PAGE> PAGE 7
070 C010100 Y
070 C020100 N
070 D010100 Y
070 D020100 N
070 E010100 Y
070 E020100 N
070 F010100 Y
070 F020100 N
070 G010100 Y
070 G020100 N
070 H010100 Y
070 H020100 N
070 I010100 N
070 I020100 N
070 J010100 Y
070 J020100 N
070 K010100 Y
070 K020100 N
070 L010100 Y
070 L020100 Y
070 M010100 Y
070 M020100 Y
070 N010100 Y
070 N020100 Y
070 O010100 Y
070 O020100 N
070 P010100 Y
070 P020100 N
070 Q010100 N
070 Q020100 N
070 R010100 N
070 R020100 N
071 A000100 61021
071 B000100 61120
071 C000100 32183
071 D000100 190
072 A000100 12
072 B000100 101
072 C000100 43
072 D000100 0
072 E000100 17
072 F000100 0
072 G000100 0
072 H000100 0
072 I000100 0
072 J000100 0
072 K000100 0
072 L000100 0
072 M000100 0
072 N000100 0
072 O000100 0
<PAGE> PAGE 8
072 P000100 4
072 Q000100 0
072 R000100 0
072 S000100 0
072 T000100 0
072 U000100 0
072 V000100 0
072 W000100 211
072 X000100 215
072 Y000100 0
072 Z000100 -54
072AA000100 988
072BB000100 0
072CC010100 8891
072CC020100 0
072DD010100 0
072DD020100 0
072EE000100 0
073 A010100 0.0000
073 A020100 0.0000
073 B000100 0.0000
073 C000100 0.0000
074 A000100 0
074 B000100 5608
074 C000100 1984
074 D000100 0
074 E000100 0
074 F000100 42375
074 G000100 0
074 H000100 0
074 I000100 0
074 J000100 445
074 K000100 19
074 L000100 51
074 M000100 0
074 N000100 50482
074 O000100 328
074 P000100 0
074 Q000100 0
074 R010100 0
074 R020100 0
074 R030100 0
074 R040100 143
074 S000100 0
074 T000100 50011
074 U010100 50011
074 U020100 0
074 V010100 1.00
074 V020100 0.00
074 W000100 0.0000
074 X000100 2
<PAGE> PAGE 9
074 Y000100 0
075 A000100 0
075 B000100 35423
076 000100 0.00
024 000200 N
025 D000201 0
025 D000202 0
025 D000203 0
025 D000204 0
025 D000205 0
025 D000206 0
025 D000207 0
025 D000208 0
028 A010200 505
028 A020200 0
028 A030200 0
028 A040200 747
028 B010200 1175
028 B020200 0
028 B030200 0
028 B040200 462
028 C010200 303
028 C020200 0
028 C030200 0
028 C040200 693
028 D010200 163
028 D020200 0
028 D030200 0
028 D040200 502
028 E010200 144
028 E020200 0
028 E030200 0
028 E040200 383
028 F010200 202
028 F020200 0
028 F030200 0
028 F040200 793
028 G010200 2492
028 G020200 0
028 G030200 0
028 G040200 3580
028 H000200 0
042 A000200 0
042 B000200 0
042 C000200 0
042 D000200 0
042 E000200 0
042 F000200 0
042 G000200 0
042 H000200 0
043 000200 0
<PAGE> PAGE 10
044 000200 0
049 000200 N
050 000200 N
051 000200 N
052 000200 N
053 A000200 Y
053 B000200 Y
053 C000200 N
055 A000200 N
055 B000200 Y
056 000200 Y
057 000200 N
062 A000200 N
062 B000200 0.0
062 C000200 0.0
062 D000200 0.0
062 E000200 0.0
062 F000200 0.0
062 G000200 0.0
062 H000200 0.0
062 I000200 0.0
062 J000200 0.0
062 K000200 0.0
062 L000200 0.0
062 M000200 0.0
062 N000200 0.0
062 O000200 0.0
062 P000200 0.0
062 Q000200 0.0
062 R000200 0.0
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
069 000200 N
070 A010200 Y
070 A020200 Y
070 B010200 Y
070 B020200 N
070 C010200 Y
070 C020200 N
070 D010200 Y
070 D020200 N
070 E010200 Y
070 E020200 N
<PAGE> PAGE 11
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 Y
070 L020200 N
070 M010200 Y
070 M020200 N
070 N010200 Y
070 N020200 Y
070 O010200 Y
070 O020200 N
070 P010200 Y
070 P020200 N
070 Q010200 N
070 Q020200 N
070 R010200 N
070 R020200 N
071 A000200 39541
071 B000200 39657
071 C000200 26730
071 D000200 148
072 A000200 12
072 B000200 54
072 C000200 503
072 D000200 0
072 E000200 2
072 F000200 0
072 G000200 0
072 H000200 0
072 I000200 0
072 J000200 0
072 K000200 0
072 L000200 0
072 M000200 0
072 N000200 0
072 O000200 0
072 P000200 0
072 Q000200 0
072 R000200 0
072 S000200 0
072 T000200 0
072 U000200 0
<PAGE> PAGE 12
072 V000200 0
072 W000200 160
072 X000200 160
072 Y000200 0
072 Z000200 399
072AA000200 45
072BB000200 0
072CC010200 1517
072CC020200 0
072DD010200 0
072DD020200 0
072EE000200 0
073 A010200 0.0000
073 A020200 0.0000
073 B000200 0.0000
073 C000200 0.0000
074 A000200 1027
074 B000200 0
074 C000200 0
074 D000200 0
074 E000200 0
074 F000200 25382
074 G000200 0
074 H000200 0
074 I000200 0
074 J000200 37
074 K000200 0
074 L000200 34
074 M000200 10
074 N000200 26490
074 O000200 37
074 P000200 0
074 Q000200 0
074 R010200 0
074 R020200 0
074 R030200 0
074 R040200 128
074 S000200 0
074 T000200 26325
074 U010200 26325
074 U020200 0
074 V010200 1.00
074 V020200 0.00
074 W000200 0.0000
074 X000200 2
074 Y000200 0
075 A000200 0
075 B000200 27573
076 000200 0.00
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 STATEMENTS AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE
TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
<CIK> 0000946278
<NAME> GROWTH PORTFOLIO
<SERIES>
<NUMBER> 10
<NAME> SMALL CAP PORTFOLIO
<MULTIPLIER> 1000
<S> <C>
<PERIOD-TYPE> YEAR
<FISCAL-YEAR-END> DEC-31-1998
<PERIOD-START> JAN-01-1998
<PERIOD-END> DEC-31-1998
<INVESTMENTS-AT-COST> 40333
<INVESTMENTS-AT-VALUE> 49967
<RECEIVABLES> 515
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 50482
<PAYABLE-FOR-SECURITIES> 328
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 143
<TOTAL-LIABILITIES> 471
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 35362
<SHARES-COMMON-STOCK> 2990
<SHARES-COMMON-PRIOR> 2383
<ACCUMULATED-NII-CURRENT> 85
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 4777
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 9787
<NET-ASSETS> 50012
<DIVIDEND-INCOME> 43
<INTEREST-INCOME> 101
<OTHER-INCOME> 17
<EXPENSES-NET> (215)
<NET-INVESTMENT-INCOME> (54)
<REALIZED-GAINS-CURRENT> 988
<APPREC-INCREASE-CURRENT> 8891
<NET-CHANGE-FROM-OPS> 9825
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 0
<NUMBER-OF-SHARES-REDEEMED> 0
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> 15877
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 0
<INTEREST-EXPENSE> 4
<GROSS-EXPENSE> 215
<AVERAGE-NET-ASSETS> 35423
<PER-SHARE-NAV-BEGIN> 1.00
<PER-SHARE-NII> 0.00
<PER-SHARE-GAIN-APPREC> 0.00
<PER-SHARE-DIVIDEND> 0.00
<PER-SHARE-DISTRIBUTIONS> 0.00
<RETURNS-OF-CAPITAL> 0.00
<PER-SHARE-NAV-END> 1.00
<EXPENSE-RATIO> 0.00
<AVG-DEBT-OUTSTANDING> 591
<AVG-DEBT-PER-SHARE> 0.264
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
THIS LEGEND 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> 20
<NAME> VALUE PORTFOLIO
<MULTIPLIER> 1000
<S> <C>
<PERIOD-TYPE> YEAR
<FISCAL-YEAR-END> DEC-31-1998
<PERIOD-START> JAN-01-1998
<PERIOD-END> DEC-31-1998
<INVESTMENTS-AT-COST> 22890
<INVESTMENTS-AT-VALUE> 26408
<RECEIVABLES> 71
<ASSETS-OTHER> 11
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 26490
<PAYABLE-FOR-SECURITIES> 37
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 128
<TOTAL-LIABILITIES> 165
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 19930
<SHARES-COMMON-STOCK> 1477
<SHARES-COMMON-PRIOR> 1451
<ACCUMULATED-NII-CURRENT> 746
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 2131
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 3518
<NET-ASSETS> 26326
<DIVIDEND-INCOME> 503
<INTEREST-INCOME> 54
<OTHER-INCOME> 2
<EXPENSES-NET> (160)
<NET-INVESTMENT-INCOME> 399
<REALIZED-GAINS-CURRENT> 45
<APPREC-INCREASE-CURRENT> 1517
<NET-CHANGE-FROM-OPS> 1961
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 0
<NUMBER-OF-SHARES-REDEEMED> 0
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> 1422
<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> 160
<AVERAGE-NET-ASSETS> 27573
<PER-SHARE-NAV-BEGIN> 1.00
<PER-SHARE-NII> 0.00
<PER-SHARE-GAIN-APPREC> 0.00
<PER-SHARE-DIVIDEND> 0.00
<PER-SHARE-DISTRIBUTIONS> 0.00
<RETURNS-OF-CAPITAL> 0.00
<PER-SHARE-NAV-END> 1.00
<EXPENSE-RATIO> 0.00
<AVG-DEBT-OUTSTANDING> 88
<AVG-DEBT-PER-SHARE> 0.055
</TABLE>
