<PAGE>      PAGE  1
000 B000000 12/31/2000
000 C000000 0000808490
000 D000000 N
000 E000000 NF
000 F000000 Y
000 G000000 N
000 H000000 N
000 I000000 6.1
000 J000000 A
001 A000000 NARIABLE INVESTORS SERIES TRUST
001 B000000 811-4969
001 C000000 6306849220
002 A000000 2122 YORK ROAD, SUITE 300
002 B000000 OAK BROOK
002 C000000 IL
002 D010000 60523
003  000000 N
004  000000 N
005  000000 N
006  000000 N
007 A000000 Y
007 B000000  8
007 C010100  1
007 C020100 GROWTH PORTFOLIO
007 C030100 N
007 C010200  2
007 C020200 MATRIX EQUITY PORTFOLIO
007 C030200 N
007 C010300  3
007 C020300 HIGH INCOME BOND PORTFOLIO
007 C030300 N
007 C010400  4
007 C020400 MULTIPLE STRATEGIES PORTFOLIO
007 C030400 N
007 C010500  5
007 C020500 U.S. GOVERNMENT BOND PORTFOLIO
007 C030500 N
007 C010600  6
007 C020600 WORLD EQUITY PORTFOLIO
007 C030600 N
007 C010700  7
007 C020700 SMALL CAP GROWTH PORTFOLIO
007 C030700 N
007 C010800  8
007 C020800 GROWTH & INCOME PORTFOLIO
007 C030800 N
007 C010900  9
007 C011000 10
007 C011100 11
007 C011200 12
007 C011300 13
<PAGE>      PAGE  2
007 C011400 14
007 C011500 15
007 C011600 16
007 C011700 17
007 C011800 18
007 C011900 19
007 C012000 20
010 A00AA01 FIRST VARIABLE ADVISORY SERVICES CORP.
010 B00AA01 801-45016
010 C01AA01 OAK BROOK
010 C02AA01 IL
010 C03AA01 60523
010 C04AA01 1930
010 A00AA02 STATE STREET BANK & TRUST COMPANY
010 B00AA02 801-5003
010 C01AA02 BOSTON
010 C02AA02 MA
010 C03AA02 02105
010 C04AA02 9110
012 A00AA01 STATE STREET BANK AND TRUST COMPANY
012 B00AA01 85-05003
012 C01AA01 BOSTON
012 C02AA01 MA
012 C03AA01 02105
012 C04AA01 1978
013 A00AA01 ERNST & YOUNG LLP
013 B01AA01 MILWAUKEE
013 B02AA01 WI
013 B03AA01 53202
015 A00AA01 STATE STREET BANK AND TRUST COMPANY
015 B00AA01 C
015 C01AA01 NORTH QUINCY
015 C02AA01 MA
015 C03AA01 02171
015 E01AA01 X
015 A00AA02 CITIBANK, N.A.
015 B00AA02 S
015 C01AA02 BUENOS AIRES
015 D01AA02 ARGENTINA
015 E04AA02 X
015 A00AA03 WESTPAC BANKING CORP.
015 B00AA03 S
015 C01AA03 SYDNEY
015 D01AA03 AUSTRALIA
015 E04AA03 X
015 A00AA04 ERSTE BANK
015 B00AA04 S
015 C01AA04 VIENNA
015 D01AA04 AUSTRIA
015 E04AA04 X
015 A00AA05 FORTIS BANK
<PAGE>      PAGE  3
015 B00AA05 S
015 C01AA05 BRUSSELS
015 D01AA05 BELGIUM
015 E04AA05 X
015 A00AA06 CITIBANK, N.A.
015 B00AA06 S
015 C01AA06 SAO PAULO
015 D01AA06 BRAZIL
015 E04AA06 X
015 A00AA07 STATE STREET TRUST COMPANY CANADA
015 B00AA07 S
015 C01AA07 TORONTO
015 D01AA07 CANADA
015 E04AA07 X
015 A00AA08 BANKBOSTON N.A.,
015 B00AA08 S
015 C01AA08 SANTIAGO
015 D01AA08 CHILE
015 E04AA08 X
015 A00AA09 HONGKONG AND SHANGHAI BANKING CORP., LTD.
015 B00AA09 S
015 C01AA09 SHANGHAI
015 D01AA09 CHINA
015 E04AA09 X
015 A00AA10 CITITRUST COLUMBIA, S.A.
015 B00AA10 S
015 C01AA10 BOGOTA
015 D01AA10 COLUMBIA
015 E04AA10 X
015 A00AA11 DEN DANSKE BANK
015 B00AA11 S
015 C01AA11 COPENHAGEN
015 D01AA11 DENMARK
015 E04AA11 X
015 A00AA12 MERITA BANK LTD.
015 B00AA12 S
015 C01AA12 HELSINKI
015 D01AA12 FINLAND
015 E04AA12 X
015 A00AA13 BNP PARIBAS
015 B00AA13 S
015 C01AA13 PARIS
015 D01AA13 FRANCE
015 E04AA13 X
015 A00AA14 DRESDNER BANK AG
015 B00AA14 S
015 C01AA14 FRANKFURT
015 D01AA14 GERMANY
015 E04AA14 X
015 A00AA15 NATIONAL BANK OF GREECE S.A.
015 B00AA15 S
<PAGE>      PAGE  4
015 C01AA15 ATHENS
015 D01AA15 GREECE
015 E04AA15 X
015 A00AA16 STANDARD CHARTERED BANK
015 B00AA16 S
015 C01AA16 HONG KONG
015 D01AA16 HONG KONG
015 E04AA16 X
015 A00AA17 CITIBANK RT.
015 B00AA17 S
015 C01AA17 BUDAPEST
015 D01AA17 HUNGARY
015 E04AA17 X
015 A00AA18 DEUTSCHE BANK AG
015 B00AA18 S
015 C01AA18 MUMBAI
015 D01AA18 INDIA
015 E04AA18 X
015 A00AA19 STANDARD CHARTERED BANK
015 B00AA19 S
015 C01AA19 JAKARTA
015 D01AA19 INDONESIA
015 E04AA19 X
015 A00AA20 BANK OF IRELAND
015 B00AA20 S
015 C01AA20 DUBLIN
015 D01AA20 IRELAND
015 E04AA20 X
015 A00AA21 BNP PARIBAS
015 B00AA21 S
015 C01AA21 MILAN
015 D01AA21 ITALY
015 E04AA21 X
015 A00AA22 STANDARD CHARTERED BANK MALAYSIA BERHAD
015 B00AA22 S
015 C01AA22 KUALA LUMPUR
015 D01AA22 MALAYSIA
015 E04AA22 X
015 A00AA23 CITIBANK MEXICO S.A.
015 B00AA23 S
015 C01AA23 MEXICO CITY
015 D01AA23 MEXICO
015 E04AA23 X
015 A00AA24 FORTIS BANK
015 B00AA24 S
015 C01AA24 AMSTERDAM
015 D01AA24 NETHERLANDS
015 E04AA24 X
015 A00AA25 ANZ BANKING GROUP (NEW ZEALAND) LTD.
015 B00AA25 S
015 C01AA25 WELLINGTON
<PAGE>      PAGE  5
015 D01AA25 NEW ZEALAND
015 E04AA25 X
015 A00AA26 CHRISTIANIA BANK OG KREDITKASSE
015 B00AA26 S
015 C01AA26 OSLO
015 D01AA26 NORWAY
015 E04AA26 X
015 A00AA27 CITIBANK, N.A.
015 B00AA27 S
015 C01AA27 LIMA
015 D01AA27 PERU
015 E04AA27 X
015 A00AA28 STANDARD CHARTERED BANK
015 B00AA28 S
015 C01AA28 MANILA
015 D01AA28 PHILIPPINES
015 E04AA28 X
015 A00AA29 BANCO COMERCIAL PORTUGUES
015 B00AA29 S
015 C01AA29 LISBON
015 D01AA29 PORTUGAL
015 E04AA29 X
015 A00AA30 THE DEVELOPMENT BANK OF SINGAPORE LTD.
015 B00AA30 S
015 C01AA30 SINGAPORE
015 D01AA30 SINGAPORE
015 E04AA30 X
015 A00AA31 BANCO SANTANDER S.A.
015 B00AA31 S
015 C01AA31 MADRID
015 D01AA31 SPAIN
015 E04AA31 X
015 A00AA32 SKANDINAVISKA ENSKILDA BANKEN
015 B00AA32 S
015 C01AA32 STOCKHOLM
015 D01AA32 SWEDEN
015 E04AA32 X
015 A00AA33 UBS AG
015 B00AA33 S
015 C01AA33 ZURICH
015 D01AA33 SWITZERLAND
015 E04AA33 X
015 A00AA34 CENTRAL TRUST OF CHINA
015 B00AA34 S
015 C01AA34 TAIPEI
015 D01AA34 TAIWAN
015 E04AA34 X
015 A00AA35 STANDARD CHARTERED BANK
015 B00AA35 S
015 C01AA35 BANGKOK
015 D01AA35 THAILAND
<PAGE>      PAGE  6
015 E04AA35 X
015 A00AA36 CITIBANK, N.A.
015 B00AA36 S
015 C01AA36 LA PAZ
015 D01AA36 BOLIVIA
015 E04AA36 X
015 A00AA37 STATE STREET BANK & TRUST COMPANY
015 B00AA37 S
015 C01AA37 LONDON
015 D01AA37 UNITED KINGDOM
015 E04AA37 X
015 A00AA38 EUROCLEAR
015 B00AA38 S
015 C01AA38 BRUSSELS
015 D01AA38 BELGIUM
015 E04AA38 X
015 A00AA39 CLEARSTREAM BANKING
015 B00AA39 S
015 C01AA39 LUXEMBOURG
015 D01AA39 LUXEMBOURG
015 E04AA39 X
015 A00AA40 EGYPTIAN BRITISH BANK
015 B00AA40 S
015 C01AA40 CAIRO
015 D01AA40 EGYPT
015 E04AA40 X
015 A00AA41 THE HONGKONG AND SHANGHAI BANKING CORP., LTD.
015 B00AA41 S
015 C01AA41 PORT LOUIS
015 D01AA41 MAURITIUS
015 E04AA41 X
015 A00AA42 THE FUJI BANK, LTD.
015 B00AA42 S
015 C01AA42 TOKYO
015 D01AA42 JAPAN
015 E04AA42 X
015 A00AA43 HONGKONG AND SHANGHAI BANKING CORP., LTD.
015 B00AA43 S
015 C01AA43 SEOUL
015 D01AA43 SOUTH KOREA
015 E04AA43 X
015 A00AA44 BANKBOSTON, N.A.
015 B00AA44 S
015 C01AA44 MONTEVIDEO
015 D01AA44 URUGUAY
015 E04AA44 X
015 A00AA45 HSBC BANK MIDDLE EAST
015 B00AA45 S
015 C01AA45 DOHA
015 D01AA45 QATAR
015 E04AA45 X
<PAGE>      PAGE  7
015 A00AA46 HSBC BANK MIDDLE EAST
015 B00AA46 S
015 C01AA46 MANAMA
015 D01AA46 BAHRAIN
015 E04AA46 X
015 A00AA47 STANDARD CHARTERED BANK
015 B00AA47 S
015 C01AA47 DHAKA
015 D01AA47 BANGLADESH
015 E04AA47 X
015 A00AA48 BANK OF BERMUDA LTD
015 B00AA48 S
015 C01AA48 HAMILTON
015 D01AA48 BERMUDA
015 E04AA48 X
015 A00AA49 BARCLAYS BANK OF BOTSWANA LTD
015 B00AA49 S
015 C01AA49 GABORONE
015 D01AA49 BOTSWANA
015 E04AA49 X
015 A00AA50 DELETE
015 A00AA51 ING BANK N.V.
015 B00AA51 S
015 C01AA51 SOFIA
015 D01AA51 BULGARIA
015 E04AA51 X
015 A00AA52 HONGKONG AND SHANGHAI BANKING CORP., LTD
015 B00AA52 S
015 C01AA52 SHENZHEN
015 D01AA52 CHINA
015 E04AA52 X
015 A00AA53 BANCO BCT S.A.
015 B00AA53 S
015 C01AA53 SAN JOSE
015 D01AA53 COSTA RICA
015 E04AA53 X
015 A00AA54 PRIVEDNA BANKA ZAGREB
015 B00AA54 S
015 C01AA54 ZAGREB
015 D01AA54 CROATIA
015 E04AA54 X
015 A00AA55 CYPRUS POPULAR BANK LTD.
015 B00AA55 S
015 C01AA55 NICOSIA
015 D01AA55 CYPRUS
015 E04AA55 X
015 A00AA56 CESKOSLOVENSKA OBCHODNI BANKA
015 B00AA56 S
015 C01AA56 PRAGUE
015 D01AA56 CZECH REPUBLIC
015 E04AA56 X
<PAGE>      PAGE  8
015 A00AA57 CITIBANK, N.A.
015 B00AA57 S
015 C01AA57 QUITO
015 D01AA57 ECUADOR
015 E04AA57 X
015 A00AA58 HANSABANK
015 B00AA58 S
015 C01AA58 TALLINN
015 D01AA58 ESTONIA
015 E04AA58 X
015 A00AA59 BNP PARIBAS
015 B00AA59 S
015 C01AA59 FRANKFURT
015 D01AA59 GERMANY
015 E04AA59 X
015 A00AA60 BARCLAYS BANK OF GHANA LTD.
015 B00AA60 S
015 C01AA60 ACCRA
015 D01AA60 GHANA
015 E04AA60 X
015 A00AA61 ICEBANK LTD.
015 B00AA61 S
015 C01AA61 REYKJAVIK
015 D01AA61 ICELAND
015 E04AA61 X
015 A00AA62 HONGKONG AND SHANGHAI BANKING CORP., LTD.
015 B00AA62 S
015 C01AA62 MUMBAI
015 D01AA62 INDIA
015 E04AA62 X
015 A00AA63 BANK HAPOALIM B.M.
015 B00AA63 S
015 C01AA63 TEL AVIV
015 D01AA63 ISRAEL
015 E04AA63 X
015 A00AA64 SOCIETE GENERALE DE BANQUES EN COTE D'IVOIRE
015 B00AA64 S
015 C01AA64 ABIDJAN
015 D01AA64 IVORY COAST
015 E04AA64 X
015 A00AA65 SCOTIABANK JAMAICA TRUST AND MERCHANT BANK
015 B00AA65 S
015 C01AA65 KINGSTON
015 D01AA65 JAMAICA
015 E04AA65 X
015 A00AA66 THE SUMITOMO BANK LTD.
015 B00AA66 S
015 C01AA66 TOKYO
015 D01AA66 JAPAN
015 E04AA66 X
015 A00AA67 HSBC BANK MIDDLE EAST
<PAGE>      PAGE  9
015 B00AA67 S
015 C01AA67 AMMAN
015 D01AA67 JORDAN
015 E04AA67 X
015 A00AA68 HSBC BANK KAZAKHSTAN
015 B00AA68 S
015 C01AA68 ALMATY
015 D01AA68 KAZAKHSTAN
015 E04AA68 X
015 A00AA69 BARCLAYS BANK OF KENYA LTD.
015 B00AA69 S
015 C01AA69 NAIROBI
015 D01AA69 KENYA
015 E04AA69 X
015 A00AA70 HANSBANKA
015 B00AA70 S
015 C01AA70 RIGA
015 D01AA70 LATVIA
015 E04AA70 X
015 A00AA71 HSBC BANK MIDDLE EAST
015 B00AA71 S
015 C01AA71 BEIRUT
015 D01AA71 LEBANON
015 E04AA71 X
015 A00AA72 VILNIAUS BANKAS AB
015 B00AA72 S
015 C01AA72 VILNIUS
015 D01AA72 LITHUANIA
015 E04AA72 X
015 A00AA73 STANDARD BANK NAMIBIA
015 B00AA73 S
015 C01AA73 WINDHOEK
015 D01AA73 NAMIBIA
015 E04AA73 X
015 A00AA74 STANBIC MERCHANT BANK NIGERIA LTD.
015 B00AA74 S
015 C01AA74 LAGOS
015 D01AA74 NIGERIA
015 E04AA74 X
015 A00AA75 HSBC BANK MIDDLE EAST
015 B00AA75 S
015 C01AA75 MUSCAT
015 D01AA75 OMAN
015 E04AA75 X
015 A00AA76 DEUTSCHE BANK A.G.
015 B00AA76 S
015 C01AA76 KARACHI
015 D01AA76 PAKISTAN
015 E04AA76 X
015 A00AA77 HSBC BANK MIDDLE EAST
015 B00AA77 S
<PAGE>      PAGE  10
015 C01AA77 RAMALLAH
015 D01AA77 PALESTINE
015 E04AA77 X
015 A00AA78 BANKBOSTON N.A.
015 B00AA78 S
015 C01AA78 PANAMA CITY
015 D01AA78 PANAMA
015 E04AA78 X
015 A00AA79 CITIBANK (POLAND) S.A.
015 B00AA79 S
015 C01AA79 WARSAW
015 D01AA79 POLAND
015 E04AA79 X
015 A00AA80 CITIBANK, N.A.
015 B00AA80 S
015 C01AA80 SAN JUAN
015 D01AA80 PUERTO RICO
015 E04AA80 X
015 A00AA81 ING BANK N.V.
015 B00AA81 S
015 C01AA81 BUCHAREST
015 D01AA81 ROMANIA
015 E04AA81 X
015 A00AA82 CREDIT SUISSE FIRST BOSTON
015 B00AA82 S
015 C01AA82 MOSCOW
015 D01AA82 RUSSIA
015 E04AA82 X
015 A00AA83 CESKOSLOVENSKA OBCHODNI BANKA A.S.
015 B00AA83 S
015 C01AA83 BRATISLAVA
015 D01AA83 SLOVAK REPUBLIC
015 E04AA83 X
015 A00AA84 BANK AUSTRIA CREDITANSTALT
015 B00AA84 S
015 C01AA84 LJUBLJANA
015 D01AA84 SLOVENIA
015 E04AA84 X
015 A00AA85 STANDARD BANK OF SOUTH AFRICA LTD.
015 B00AA85 S
015 C01AA85 JOHANNESBURG
015 D01AA85 SOUTH AFRICA
015 E04AA85 X
015 A00AA86 HONGKONG AND SHANGHAI BANKING CORP., LTD.
015 B00AA86 S
015 C01AA86 COLOMBO
015 D01AA86 SRI LANKA
015 E04AA86 X
015 A00AA87 STANDARD BANK OF SWAZILAND LTD.
015 B00AA87 S
015 C01AA87 MBABANE
<PAGE>      PAGE  11
015 D01AA87 SWAZILAND
015 E04AA87 X
015 A00AA88 REPUBLIC BANK LTD.
015 B00AA88 S
015 C01AA88 PORT OF SPAIN
015 D01AA88 TRINIDAD & TOBAGO
015 E04AA88 X
015 A00AA89 BANQUE INTERNATIONALE ARABE DE TUNISIE
015 B00AA89 S
015 C01AA89 TUNIS
015 D01AA89 TUNISIA
015 E04AA89 X
015 A00AA90 CITIBANK, N.A.
015 B00AA90 S
015 C01AA90 ISTANBUL
015 D01AA90 TURKEY
015 E04AA90 X
015 A00AA91 ING BANK UKRAINE
015 B00AA91 S
015 C01AA91 KIEV
015 D01AA91 UKRAINE
015 E04AA91 X
015 A00AA92 CITIBANK, N.A.
015 B00AA92 S
015 C01AA92 CARACAS
015 D01AA92 VENEZUELA
015 E04AA92 X
015 A00AA93 HONGKONG AND SHANGHAI BANKING CORP., LTD.
015 B00AA93 S
015 C01AA93 HO CHI MINH CITY
015 D01AA93 VIETNAM
015 E04AA93 X
015 A00AA94 BARCLAYS BANK OF ZAMBIA LTD.
015 B00AA94 S
015 C01AA94 LUSAKA
015 D01AA94 ZAMBIA
015 E04AA94 X
015 A00AA95 BARCLAYS BANK OF ZIMBABWE LTD.
015 B00AA95 S
015 C01AA95 HARARE
015 D01AA95 ZIMBABWE
015 E04AA95 X
015 A00AA96 BANQUE COMMERCIALE DU MAROC
015 B00AA96 S
015 C01AA96 CASABLANCA
015 D01AA96 MOROCCO
015 E04AA96 X
018  00AA00 Y
019 A00AA00 N
019 B00AA00    0
020 A000001 CORRESPONDENT SERVICE, INC.
<PAGE>      PAGE  12
020 C000001     42
020 A000002 FAGENSON & COMPANY
020 C000002     28
020 A000003 MERRIL LYNCH
020 B000003 13-5674085
020 C000003     25
020 A000004 CS FIRST BOSTON CORPORATION
020 B000004 13-5659485
020 C000004     20
020 A000005 PAINE WEBBER INCORPORATED
020 B000005 13-2638166
020 C000005     14
020 A000006 FIDELITY CAPITAL MARKETS
020 C000006     13
020 A000007 CIBC OPPENHEIMER
020 C000007     12
020 A000008 BEAR STEARNS + CO INC.
020 B000008 13-3299429
020 C000008     12
020 A000009 MORGAN STANLEY
020 B000009 13-2655998
020 C000009     12
020 A000010 DONALDSON LUFKIN + JENRETTE
020 B000010 13-2741729
020 C000010     11
021  000000      345
022 A000001 STATE STREET CORPORATION
022 B000001 04-1867445
022 C000001   2468949
022 D000001      4762
022 A000002 PAINE WEBBER INCORPORATED
022 B000002 13-2638166
022 C000002    105410
022 D000002      1905
022 A000003 CORRESPONDENT SERVICES, INC.
022 C000003     18978
022 D000003     15344
022 A000004 FAGENSON & COMPANY
022 C000004      7145
022 D000004     18675
022 A000005 CS FIRST BOSTON CORPORATION
022 B000005 13-5659485
022 C000005      8732
022 D000005     10235
022 A000006 MORGAN STANLEY
022 B000006 13-2655998
022 C000006      5971
022 D000006      9540
022 A000007 GOLDMAN SACHS + COMPANY
022 B000007 13-5108880
022 C000007      7728
<PAGE>      PAGE  13
022 D000007      5741
022 A000008 BEAR STEARNS + CO INC.
022 B000008 13-3299429
022 C000008      7529
022 D000008      5310
022 A000009 SALOMON SMITH BARNEY INC.
022 C000009      7334
022 D000009      5135
022 A000010 MERRIL LYNCH
022 B000010 13-5674085
022 C000010      5202
022 D000010      7170
023 C000000    2688005
023 D000000     111236
026 A000000 N
026 B000000 Y
026 C000000 Y
026 D000000 Y
026 E000000 N
026 F000000 N
026 G010000 N
026 G020000 N
026 H000000 N
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
033  00AA00      0
034  00AA00 N
035  00AA00      0
036 B00AA00      0
037  00AA00 N
038  00AA00      0
039  00AA00 N
040  00AA00 N
041  00AA00 N
042 A00AA00   0
042 B00AA00   0
042 C00AA00   0
042 D00AA00   0
042 E00AA00   0
042 F00AA00   0
042 G00AA00   0
042 H00AA00   0
043  00AA00      0
044  00AA00      0
054 A00AA00 Y
<PAGE>      PAGE  14
054 B00AA00 Y
054 C00AA00 N
054 D00AA00 N
054 E00AA00 N
054 F00AA00 N
054 G00AA00 N
054 H00AA00 Y
054 I00AA00 N
054 J00AA00 Y
054 K00AA00 N
054 L00AA00 N
054 M00AA00 Y
054 N00AA00 N
054 O00AA00 N
058 A00AA00 N
058 B00AA00 N
058 C00AA00 N
058 D00AA00 N
058 E00AA00 N
059  00AA00 Y
060 A00AA00 Y
060 B00AA00 Y
061  00AA00        0
077 A000000 Y
077 B000000 Y
078  000000 N
080 A00AA00 NATIONAL UNION & FIRE
080 C00AA00     2500
081 A00AA00 N
081 B00AA00   0
082 A00AA00 Y
082 B00AA00       10
083 A00AA00 N
083 B00AA00        0
084 A00AA00 N
084 B00AA00        0
085 A00AA00 Y
085 B00AA00 N
086 A010000      0
086 A020000      0
086 B010000      0
086 B020000      0
086 C010000      0
086 C020000      0
086 D010000      0
086 D020000      0
086 E010000      0
086 E020000      0
086 F010000      0
086 F020000      0
008 A000101 FIRST VARIABLE ADVISORY SERVICES CORP.
<PAGE>      PAGE  15
008 B000101 A
008 C000101 801-45016
008 D010101 OAK BROOK
008 D020101 IL
008 D030101 60523
008 D040101 1930
008 A000102 VALUE LINE, INC.
008 B000102 S
008 C000102 801-625
008 D010102 NEW YORK
008 D020102 NY
008 D030102 10017
024  000100 Y
025 A000101 LEHMAN BROTHERS HOLDINGS, INC.
025 B000101 56-2058405
025 C000101 E
025 D000101    1393
025 A000102 DELETE
025 D000102       0
025 A000103 DELETE
025 D000103       0
025 D000104       0
025 D000105       0
025 D000106       0
025 D000107       0
025 D000108       0
028 A010100       216
028 A020100     23467
028 A030100         0
028 A040100      2248
028 B010100       485
028 B020100         0
028 B030100         0
028 B040100      1407
028 C010100        99
028 C020100         0
028 C030100         0
028 C040100      1542
028 D010100       238
028 D020100         0
028 D030100         0
028 D040100      1207
028 E010100       380
028 E020100         0
028 E030100         0
028 E040100       941
028 F010100       332
028 F020100         0
028 F030100         0
028 F040100       939
028 G010100      1750
<PAGE>      PAGE  16
028 G020100     23467
028 G030100         0
028 G040100      8284
028 H000100         0
045  000100 Y
046  000100 N
047  000100 Y
048  000100  0.700
048 A010100        0
048 A020100 0.000
048 B010100        0
048 B020100 0.000
048 C010100        0
048 C020100 0.000
048 D010100        0
048 D020100 0.000
048 E010100        0
048 E020100 0.000
048 F010100        0
048 F020100 0.000
048 G010100        0
048 G020100 0.000
048 H010100        0
048 H020100 0.000
048 I010100        0
048 I020100 0.000
048 J010100        0
048 J020100 0.000
048 K010100        0
048 K020100 0.000
049  000100 N
050  000100 N
051  000100 N
052  000100 N
053 A000100 N
055 A000100 Y
055 B000100 N
056  000100 N
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
<PAGE>      PAGE  17
062 M000100   0.0
062 N000100   0.0
062 O000100   0.0
062 P000100   0.0
062 Q000100   0.0
062 R000100   0.0
063 A000100   0
063 B000100  0.0
066 A000100 Y
066 B000100 N
066 C000100 N
066 D000100 Y
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
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 N
070 K020100 N
070 L010100 Y
070 L020100 Y
070 M010100 Y
070 M020100 N
070 N010100 Y
070 N020100 N
070 O010100 Y
070 O020100 N
070 P010100 N
070 P020100 N
<PAGE>      PAGE  18
070 Q010100 N
070 Q020100 N
070 R010100 Y
070 R020100 N
071 A000100     39114
071 B000100     49807
071 C000100     66573
071 D000100   59
072 A000100 12
072 B000100      216
072 C000100      284
072 D000100        0
072 E000100        0
072 F000100      509
072 G000100      130
072 H000100        0
072 I000100        2
072 J000100       54
072 K000100        0
072 L000100        4
072 M000100       11
072 N000100        0
072 O000100        0
072 P000100        0
072 Q000100        0
072 R000100       17
072 S000100       11
072 T000100        0
072 U000100        0
072 V000100        0
072 W000100       13
072 X000100      751
072 Y000100        0
072 Z000100     -251
072AA000100     8180
072BB000100        0
072CC010100        0
072CC020100    18142
072DD010100        0
072DD020100        0
072EE000100    23467
073 A010100   0.0000
073 A020100   0.0000
073 B000100  16.8040
073 C000100   0.0000
074 A000100        0
074 B000100     8152
074 C000100        0
074 D000100        0
074 E000100        0
074 F000100    50780
<PAGE>      PAGE  19
074 G000100        0
074 H000100        0
074 I000100        0
074 J000100        0
074 K000100        0
074 L000100       19
074 M000100       11
074 N000100    58962
074 O000100        0
074 P000100       35
074 Q000100        0
074 R010100        0
074 R020100        0
074 R030100        0
074 R040100      135
074 S000100        0
074 T000100    58792
074 U010100     1876
074 U020100        0
074 V010100    31.34
074 V020100     0.00
074 W000100   0.0000
074 X000100        1
074 Y000100        0
075 A000100        0
075 B000100    72713
076  000100     0.00
008 A000201 FIRST VARIABLE ADVISORY SERVICES CORP.
008 B000201 A
008 C000201 801-45016
008 D010201 OAK BROOK
008 D020201 IL
008 D030201 60523
008 D040201 1930
008 A000202 STATE STREET BANK & TRUST COMPANY
008 B000202 S
008 C000202 801-5003
008 D010202 BOSTON
008 D020202 MA
008 D030202 02110
008 D040202 2804
024  000200 Y
025 A000201 MERRILL LYNCH & CO. INC.
025 B000201 13-5674085
025 C000201 E
025 D000201      68
025 A000202 FLEET
025 B000202 13-3217611
025 C000202 E
025 D000202     128
025 A000203 MORGAN STANLEY DEAN WITER AND CO.
<PAGE>      PAGE  20
025 B000203 13-2655998
025 C000203 E
025 D000203      16
025 A000204 J.P. MORGAN & COMPANY, INC
025 B000204 13-3224016
025 C000204 E
025 D000204      33
025 A000205 BEAR STEARNS
025 B000205 13-3299429
025 C000205 E
025 D000205      76
025 D000206       0
025 D000207       0
025 D000208       0
028 A010200        57
028 A020200      4011
028 A030200         0
028 A040200       274
028 B010200        13
028 B020200         0
028 B030200         0
028 B040200       349
028 C010200        19
028 C020200         0
028 C030200         0
028 C040200       574
028 D010200        21
028 D020200         0
028 D030200         0
028 D040200       387
028 E010200        59
028 E020200         0
028 E030200         0
028 E040200       167
028 F010200        64
028 F020200         0
028 F030200         0
028 F040200       186
028 G010200       233
028 G020200      4011
028 G030200         0
028 G040200      1937
028 H000200         0
045  000200 Y
046  000200 N
047  000200 Y
048  000200  0.000
048 A010200   100000
048 A020200 0.650
048 B010200        0
048 B020200 0.000
<PAGE>      PAGE  21
048 C010200        0
048 C020200 0.000
048 D010200        0
048 D020200 0.000
048 E010200        0
048 E020200 0.000
048 F010200        0
048 F020200 0.000
048 G010200        0
048 G020200 0.000
048 H010200        0
048 H020200 0.000
048 I010200        0
048 I020200 0.000
048 J010200        0
048 J020200 0.000
048 K010200   100000
048 K020200 0.550
049  000200 N
050  000200 N
051  000200 N
052  000200 N
053 A000200 Y
053 B000200 Y
055 A000200 N
055 B000200 N
056  000200 N
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
063 A000200   0
063 B000200  0.0
066 A000200 Y
066 B000200 N
066 C000200 Y
<PAGE>      PAGE  22
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 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 Y
070 L010200 Y
070 L020200 Y
070 M010200 Y
070 M020200 N
070 N010200 Y
070 N020200 N
070 O010200 Y
070 O020200 N
070 P010200 N
070 P020200 N
070 Q010200 N
070 Q020200 N
070 R010200 Y
070 R020200 N
071 A000200     31587
071 B000200     37613
071 C000200     17570
071 D000200  180
072 A000200 12
072 B000200        5
072 C000200      196
<PAGE>      PAGE  23
072 D000200        0
072 E000200        0
072 F000200      114
072 G000200       34
072 H000200        0
072 I000200        2
072 J000200       67
072 K000200        0
072 L000200        4
072 M000200       11
072 N000200        0
072 O000200        0
072 P000200        0
072 Q000200        0
072 R000200       18
072 S000200       12
072 T000200        0
072 U000200        0
072 V000200        0
072 W000200        3
072 X000200      265
072 Y000200       63
072 Z000200       -1
072AA000200     1377
072BB000200        0
072CC010200        0
072CC020200     3761
072DD010200       14
072DD020200        0
072EE000200     3997
073 A010200   0.0140
073 A020200   0.0000
073 B000200   4.1310
073 C000200   0.0000
074 A000200        0
074 B000200        0
074 C000200        0
074 D000200        0
074 E000200        0
074 F000200    13869
074 G000200        0
074 H000200        0
074 I000200      138
074 J000200      649
074 K000200        0
074 L000200       15
074 M000200        3
074 N000200    14674
074 O000200      702
074 P000200        1
074 Q000200        0
<PAGE>      PAGE  24
074 R010200        0
074 R020200        0
074 R030200        0
074 R040200       54
074 S000200        0
074 T000200    13917
074 U010200     1138
074 U020200        0
074 V010200    12.23
074 V020200     0.00
074 W000200   0.0000
074 X000200        1
074 Y000200        0
075 A000200        0
075 B000200    17612
076  000200     0.00
008 A000301 FIRST VARIABLE ADVISORY SERVICES CORP.
008 B000301 A
008 C000301 801-45016
008 D010301 OAK BROOK
008 D020301 IL
008 D030301 60523
008 D040301 1930
008 A000302 FEDERATED INVESTMENT COUNSELING
008 B000302 S
008 C000302 801-34611
008 D010302 PITTSBURGH
008 D020302 PA
008 D030302 15222
008 D040302 3779
024  000300 N
025 D000301       0
025 D000302       0
025 D000303       0
025 D000304       0
025 D000305       0
025 D000306       0
025 D000307       0
025 D000308       0
028 A010300         0
028 A020300      1654
028 A030300         0
028 A040300       295
028 B010300         0
028 B020300         0
028 B030300         0
028 B040300       621
028 C010300         0
028 C020300         0
028 C030300         0
028 C040300       219
<PAGE>      PAGE  25
028 D010300         0
028 D020300         0
028 D030300         0
028 D040300       409
028 E010300         0
028 E020300         0
028 E030300         0
028 E040300       193
028 F010300         0
028 F020300         0
028 F030300         0
028 F040300       150
028 G010300         0
028 G020300      1654
028 G030300         0
028 G040300      1887
028 H000300         0
045  000300 Y
046  000300 N
047  000300 Y
048  000300  0.000
048 A010300    40000
048 A020300 0.700
048 B010300    20000
048 B020300 0.650
048 C010300    15000
048 C020300 0.550
048 D010300        0
048 D020300 0.000
048 E010300        0
048 E020300 0.000
048 F010300        0
048 F020300 0.000
048 G010300        0
048 G020300 0.000
048 H010300        0
048 H020300 0.000
048 I010300        0
048 I020300 0.000
048 J010300        0
048 J020300 0.000
048 K010300    75000
048 K020300 0.500
049  000300 N
050  000300 N
051  000300 N
052  000300 N
053 A000300 Y
053 B000300 Y
055 A000300 Y
055 B000300 N
<PAGE>      PAGE  26
056  000300 N
057  000300 N
062 A000300 Y
062 B000300   0.0
062 C000300   0.0
062 D000300   7.5
062 E000300   0.0
062 F000300   0.0
062 G000300   0.0
062 H000300   0.0
062 I000300   0.0
062 J000300   0.0
062 K000300   0.0
062 L000300   0.0
062 M000300   0.0
062 N000300   0.0
062 O000300   0.0
062 P000300  82.1
062 Q000300   0.0
062 R000300  10.4
063 A000300   0
063 B000300  6.6
064 A000300 N
064 B000300 N
066 A000300 N
067  000300 N
068 A000300 N
068 B000300 N
069  000300 N
070 A010300 Y
070 A020300 Y
070 B010300 Y
070 B020300 N
070 C010300 Y
070 C020300 N
070 D010300 Y
070 D020300 N
070 E010300 Y
070 E020300 N
070 F010300 Y
070 F020300 N
070 G010300 Y
070 G020300 N
070 H010300 Y
070 H020300 N
070 I010300 N
070 I020300 N
070 J010300 Y
070 J020300 Y
070 K010300 N
070 K020300 N
<PAGE>      PAGE  27
070 L010300 Y
070 L020300 N
070 M010300 Y
070 M020300 N
070 N010300 Y
070 N020300 N
070 O010300 Y
070 O020300 N
070 P010300 N
070 P020300 N
070 Q010300 N
070 Q020300 N
070 R010300 Y
070 R020300 N
071 A000300      1375
071 B000300      9125
071 C000300      8993
071 D000300   15
072 A000300 12
072 B000300      867
072 C000300       45
072 D000300        0
072 E000300        0
072 F000300       66
072 G000300       31
072 H000300        0
072 I000300        2
072 J000300       59
072 K000300        0
072 L000300        4
072 M000300       11
072 N000300        0
072 O000300        0
072 P000300        0
072 Q000300        0
072 R000300       17
072 S000300       12
072 T000300        0
072 U000300        0
072 V000300        0
072 W000300        2
072 X000300      204
072 Y000300       92
072 Z000300      800
072AA000300        0
072BB000300      898
072CC010300        0
072CC020300      967
072DD010300     1654
072DD020300        0
072EE000300        0
<PAGE>      PAGE  28
073 A010300   1.8240
073 A020300   0.0000
073 B000300   0.0000
073 C000300   0.0000
074 A000300        0
074 B000300      444
074 C000300        0
074 D000300     4879
074 E000300      458
074 F000300       29
074 G000300        0
074 H000300        0
074 I000300       33
074 J000300        0
074 K000300        5
074 L000300      152
074 M000300        1
074 N000300     6001
074 O000300        0
074 P000300        0
074 Q000300        0
074 R010300        0
074 R020300        0
074 R030300        0
074 R040300       56
074 S000300        0
074 T000300     5945
074 U010300      902
074 U020300        0
074 V010300     6.59
074 V020300     0.00
074 W000300   0.0000
074 X000300        1
074 Y000300        0
075 A000300        0
075 B000300     9373
076  000300     0.00
008 A000401 FIRST VARIABLE ADVISORY SERVICES CORP.
008 B000401 A
008 C000401 801-45016
008 D010401 OAK BROOK
008 D020401 IL
008 D030401 60523
008 D040401 1930
008 A000402 VALUE LINE, INC.
008 B000402 S
008 C000402 801-625
008 D010402 NEW YORK
008 D020402 NY
008 D030402 10017
024  000400 Y
<PAGE>      PAGE  29
025 A000401 LEHMAN BROTHERS HOLDINGS, INC.
025 B000401 13-2518466
025 C000401 E
025 D000401     879
025 A000402 DELETE
025 D000402       0
025 A000403 DELETE
025 D000403       0
025 A000404 DELETE
025 D000404       0
025 D000405       0
025 D000406       0
025 D000407       0
025 D000408       0
028 A010400       399
028 A020400      7776
028 A030400         0
028 A040400       556
028 B010400       418
028 B020400         0
028 B030400         0
028 B040400      1580
028 C010400       203
028 C020400         0
028 C030400         0
028 C040400       787
028 D010400        97
028 D020400         0
028 D030400         0
028 D040400      1213
028 E010400       391
028 E020400         0
028 E030400         0
028 E040400       603
028 F010400        39
028 F020400         0
028 F030400         0
028 F040400       771
028 G010400      1547
028 G020400      7776
028 G030400         0
028 G040400      5510
028 H000400         0
045  000400 Y
046  000400 N
047  000400 Y
048  000400  0.700
048 A010400        0
048 A020400 0.000
048 B010400        0
048 B020400 0.000
<PAGE>      PAGE  30
048 C010400        0
048 C020400 0.000
048 D010400        0
048 D020400 0.000
048 E010400        0
048 E020400 0.000
048 F010400        0
048 F020400 0.000
048 G010400        0
048 G020400 0.000
048 H010400        0
048 H020400 0.000
048 I010400        0
048 I020400 0.000
048 J010400        0
048 J020400 0.000
048 K010400        0
048 K020400 0.000
049  000400 N
050  000400 N
051  000400 N
052  000400 N
053 A000400 N
055 A000400 N
055 B000400 N
056  000400 N
057  000400 N
062 A000400 N
062 B000400   0.0
062 C000400   0.0
062 D000400   0.0
062 E000400   0.0
062 F000400   0.0
062 G000400   0.0
062 H000400   0.0
062 I000400   0.0
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   0
063 B000400  0.0
066 A000400 Y
066 B000400 N
066 C000400 N
066 D000400 N
<PAGE>      PAGE  31
066 E000400 N
066 F000400 N
066 G000400 Y
067  000400 Y
068 A000400 N
068 B000400 N
069  000400 N
070 A010400 Y
070 A020400 Y
070 B010400 Y
070 B020400 N
070 C010400 Y
070 C020400 N
070 D010400 Y
070 D020400 N
070 E010400 Y
070 E020400 N
070 F010400 Y
070 F020400 N
070 G010400 Y
070 G020400 N
070 H010400 Y
070 H020400 N
070 I010400 N
070 I020400 N
070 J010400 Y
070 J020400 N
070 K010400 N
070 K020400 N
070 L010400 Y
070 L020400 Y
070 M010400 Y
070 M020400 N
070 N010400 Y
070 N020400 N
070 O010400 Y
070 O020400 N
070 P010400 N
070 P020400 N
070 Q010400 N
070 Q020400 N
070 R010400 Y
070 R020400 N
071 A000400     26636
071 B000400     29683
071 C000400     47610
071 D000400   56
072 A000400 12
072 B000400      495
072 C000400      179
072 D000400        0
<PAGE>      PAGE  32
072 E000400        0
072 F000400      354
072 G000400       92
072 H000400        0
072 I000400        2
072 J000400       51
072 K000400        0
072 L000400        4
072 M000400       11
072 N000400        0
072 O000400        0
072 P000400        0
072 Q000400        0
072 R000400       17
072 S000400       12
072 T000400        0
072 U000400        0
072 V000400        0
072 W000400        8
072 X000400      551
072 Y000400        3
072 Z000400      126
072AA000400     2769
072BB000400        0
072CC010400        0
072CC020400     8869
072DD010400      138
072DD020400        0
072EE000400     7639
073 A010400   0.0560
073 A020400   0.0000
073 B000400   3.0940
073 C000400   0.0000
074 A000400        0
074 B000400     3016
074 C000400        0
074 D000400     6966
074 E000400        0
074 F000400    32499
074 G000400        0
074 H000400        0
074 I000400        0
074 J000400        0
074 K000400        0
074 L000400      111
074 M000400        8
074 N000400    42600
074 O000400        0
074 P000400       26
074 Q000400        0
074 R010400        0
<PAGE>      PAGE  33
074 R020400        0
074 R030400        0
074 R040400       86
074 S000400        0
074 T000400    42488
074 U010400     2658
074 U020400        0
074 V010400    15.99
074 V020400     0.00
074 W000400   0.0000
074 X000400        1
074 Y000400        0
075 A000400        0
075 B000400    50513
076  000400     0.00
008 A000501 FIRST VARIABLE ADVISORY SERVICES CORP.
008 B000501 A
008 C000501 801-45016
008 D010501 OAK BROOK
008 D020501 IL
008 D030501 60523
008 D040501 1930
008 A000502 STRONG CAPITAL MANAGEMENT, INC.
008 B000502 S
008 C000502 801-10724
008 D010502 MILWAUKEE
008 D020502 WI
008 D030502 53201
024  000500 N
025 D000501       0
025 D000502       0
025 D000503       0
025 D000504       0
025 D000505       0
025 D000506       0
025 D000507       0
025 D000508       0
028 A010500       168
028 A020500       814
028 A030500         0
028 A040500       363
028 B010500       154
028 B020500         0
028 B030500         0
028 B040500       169
028 C010500       128
028 C020500         0
028 C030500         0
028 C040500       354
028 D010500       619
028 D020500         0
<PAGE>      PAGE  34
028 D030500         0
028 D040500       194
028 E010500       292
028 E020500         0
028 E030500         0
028 E040500       108
028 F010500       551
028 F020500         0
028 F030500         0
028 F040500      2897
028 G010500      1912
028 G020500       814
028 G030500         0
028 G040500      4085
028 H000500         0
045  000500 Y
046  000500 N
047  000500 Y
048  000500  0.000
048 A010500   200000
048 A020500 0.600
048 B010500        0
048 B020500 0.000
048 C010500        0
048 C020500 0.000
048 D010500        0
048 D020500 0.000
048 E010500        0
048 E020500 0.000
048 F010500        0
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   200000
048 K020500 0.500
049  000500 N
050  000500 N
051  000500 N
052  000500 N
053 A000500 Y
053 B000500 Y
055 A000500 Y
055 B000500 N
056  000500 N
057  000500 N
<PAGE>      PAGE  35
062 A000500 Y
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 -20.3
062 M000500  21.2
062 N000500  80.7
062 O000500   1.0
062 P000500   8.9
062 Q000500   8.5
062 R000500   0.0
063 A000500   0
063 B000500  7.0
064 A000500 Y
064 B000500 N
066 A000500 N
067  000500 N
068 A000500 N
068 B000500 N
069  000500 N
070 A010500 Y
070 A020500 Y
070 B010500 N
070 B020500 N
070 C010500 Y
070 C020500 N
070 D010500 Y
070 D020500 N
070 E010500 Y
070 E020500 N
070 F010500 Y
070 F020500 N
070 G010500 Y
070 G020500 N
070 H010500 Y
070 H020500 N
070 I010500 N
070 I020500 N
070 J010500 Y
070 J020500 N
070 K010500 N
070 K020500 N
070 L010500 Y
070 L020500 N
<PAGE>      PAGE  36
070 M010500 Y
070 M020500 N
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     10913
071 B000500      9314
071 C000500     11953
071 D000500   78
072 A000500 12
072 B000500      905
072 C000500        0
072 D000500        0
072 E000500        0
072 F000500       73
072 G000500       30
072 H000500        0
072 I000500        2
072 J000500       50
072 K000500        0
072 L000500        4
072 M000500       11
072 N000500        0
072 O000500        0
072 P000500        0
072 Q000500        0
072 R000500       17
072 S000500       12
072 T000500        0
072 U000500        0
072 V000500        0
072 W000500        1
072 X000500      200
072 Y000500       97
072 Z000500      802
072AA000500        0
072BB000500      186
072CC010500      676
072CC020500        0
072DD010500      814
072DD020500        0
072EE000500        0
073 A010500   0.7190
073 A020500   0.0000
<PAGE>      PAGE  37
073 B000500   0.0000
073 C000500   0.0000
074 A000500        0
074 B000500        0
074 C000500        0
074 D000500    12980
074 E000500        0
074 F000500        0
074 G000500        0
074 H000500        0
074 I000500        0
074 J000500        0
074 K000500        8
074 L000500      175
074 M000500        1
074 N000500    13164
074 O000500     2305
074 P000500        0
074 Q000500        0
074 R010500        0
074 R020500        0
074 R030500        0
074 R040500       65
074 S000500        0
074 T000500    10794
074 U010500     1031
074 U020500        0
074 V010500    10.47
074 V020500     0.00
074 W000500   0.0000
074 X000500        1
074 Y000500     2784
075 A000500        0
075 B000500    12141
076  000500     0.00
008 A000601 FIRST VARIABLE ADVISORY SERVICES CORP.
008 B000601 A
008 C000601 801-45016
008 D010601 OAK BROOK
008 D020601 IL
008 D030601 60523
008 D040601 1930
008 A000602 EVERGREEN INVESTMENT MANAGEMENT COMPANY
008 B000602 S
008 C000602 801-8327
008 D010602 BOSTON
008 D020602 MA
008 D030602 02116
024  000600 Y
025 A000601 1.  DEUTSCHE BANK
025 C000601 E
<PAGE>      PAGE  38
025 D000601      74
025 A000602 2.  HSBC
025 C000602 E
025 D000602     413
025 D000603       0
025 D000604       0
025 D000605       0
025 D000606       0
025 D000607       0
025 D000608       0
028 A010600        25
028 A020600      4099
028 A030600         0
028 A040600      2296
028 B010600        20
028 B020600         0
028 B030600         0
028 B040600       533
028 C010600         0
028 C020600         0
028 C030600         0
028 C040600       999
028 D010600         0
028 D020600         0
028 D030600         0
028 D040600      1134
028 E010600         0
028 E020600         0
028 E030600         0
028 E040600       256
028 F010600        11
028 F020600         0
028 F030600         0
028 F040600       604
028 G010600        56
028 G020600      4099
028 G030600         0
028 G040600      5822
028 H000600         0
045  000600 Y
046  000600 N
047  000600 Y
048  000600  0.000
048 A010600   200000
048 A020600 0.700
048 B010600   300000
048 B020600 0.625
048 C010600        0
048 C020600 0.000
048 D010600        0
048 D020600 0.000
<PAGE>      PAGE  39
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 0.500
049  000600 N
050  000600 N
051  000600 N
052  000600 N
053 A000600 Y
053 B000600 Y
055 A000600 Y
055 B000600 N
056  000600 N
057  000600 N
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
063 A000600   0
063 B000600  0.0
066 A000600 Y
066 B000600 N
066 C000600 N
066 D000600 N
066 E000600 N
066 F000600 N
066 G000600 Y
<PAGE>      PAGE  40
067  000600 N
068 A000600 N
068 B000600 Y
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 N
070 K020600 N
070 L010600 Y
070 L020600 Y
070 M010600 Y
070 M020600 Y
070 N010600 Y
070 N020600 N
070 O010600 Y
070 O020600 N
070 P010600 N
070 P020600 N
070 Q010600 N
070 Q020600 N
070 R010600 Y
070 R020600 N
071 A000600     48500
071 B000600     57427
071 C000600     21651
071 D000600  224
072 A000600 12
072 B000600       28
072 C000600      169
072 D000600        0
072 E000600        0
072 F000600      157
072 G000600       43
<PAGE>      PAGE  41
072 H000600        0
072 I000600        2
072 J000600      131
072 K000600        0
072 L000600        4
072 M000600       11
072 N000600        0
072 O000600        0
072 P000600        0
072 Q000600        0
072 R000600       17
072 S000600       12
072 T000600        0
072 U000600        0
072 V000600        0
072 W000600        3
072 X000600      380
072 Y000600      111
072 Z000600      -72
072AA000600     6124
072BB000600        0
072CC010600        0
072CC020600     6995
072DD010600       58
072DD020600        0
072EE000600     4041
073 A010600   0.0620
073 A020600   0.0000
073 B000600   4.2730
073 C000600   0.0000
074 A000600        0
074 B000600        0
074 C000600        0
074 D000600        0
074 E000600      312
074 F000600    14750
074 G000600        0
074 H000600        0
074 I000600        0
074 J000600      604
074 K000600        6
074 L000600       21
074 M000600       18
074 N000600    15711
074 O000600      284
074 P000600        0
074 Q000600        0
074 R010600        0
074 R020600        0
074 R030600        0
074 R040600      336
<PAGE>      PAGE  42
074 S000600        0
074 T000600    15091
074 U010600      962
074 U020600        0
074 V010600    15.69
074 V020600     0.00
074 W000600   0.0000
074 X000600        1
074 Y000600        0
075 A000600        0
075 B000600    22438
076  000600     0.00
008 A000701 FIRST VARIABLE ADVISORY SERVICES CORP.
008 B000701 A
008 C000701 801-45016
008 D010701 OAK BROOK
008 D020701 IL
008 D030701 60523
008 D040701 1930
008 A000702 PILGRIM BAXTER & ASSOCIATES, LTD.
008 B000702 S
008 C000702 801-48872
008 D010702 WAYNE
008 D020702 PA
008 D030702 19087
024  000700 N
025 D000701       0
025 D000702       0
025 D000703       0
025 D000704       0
025 D000705       0
025 D000706       0
025 D000707       0
025 D000708       0
028 A010700       635
028 A020700      3196
028 A030700         0
028 A040700       521
028 B010700      2174
028 B020700         0
028 B030700         0
028 B040700      1173
028 C010700       807
028 C020700         0
028 C030700         0
028 C040700       759
028 D010700      1369
028 D020700         0
028 D030700         0
028 D040700       375
028 E010700      1431
<PAGE>      PAGE  43
028 E020700         0
028 E030700         0
028 E040700      1784
028 F010700       978
028 F020700         0
028 F030700         0
028 F040700       737
028 G010700      7394
028 G020700      3196
028 G030700         0
028 G040700      5349
028 H000700         0
045  000700 Y
046  000700 N
047  000700 Y
048  000700  0.850
048 A010700        0
048 A020700 0.000
048 B010700        0
048 B020700 0.000
048 C010700        0
048 C020700 0.000
048 D010700        0
048 D020700 0.000
048 E010700        0
048 E020700 0.000
048 F010700        0
048 F020700 0.000
048 G010700        0
048 G020700 0.000
048 H010700        0
048 H020700 0.000
048 I010700        0
048 I020700 0.000
048 J010700        0
048 J020700 0.000
048 K010700        0
048 K020700 0.000
049  000700 N
050  000700 N
051  000700 N
052  000700 N
053 A000700 Y
053 B000700 Y
055 A000700 Y
055 B000700 N
056  000700 N
057  000700 N
062 A000700 N
062 B000700   0.0
062 C000700   0.0
<PAGE>      PAGE  44
062 D000700   0.0
062 E000700   0.0
062 F000700   0.0
062 G000700   0.0
062 H000700   0.0
062 I000700   0.0
062 J000700   0.0
062 K000700   0.0
062 L000700   0.0
062 M000700   0.0
062 N000700   0.0
062 O000700   0.0
062 P000700   0.0
062 Q000700   0.0
062 R000700   0.0
063 A000700   0
063 B000700  0.0
066 A000700 Y
066 B000700 Y
066 C000700 N
066 D000700 N
066 E000700 N
066 F000700 N
066 G000700 N
067  000700 N
068 A000700 N
068 B000700 N
069  000700 N
070 A010700 Y
070 A020700 Y
070 B010700 Y
070 B020700 N
070 C010700 Y
070 C020700 N
070 D010700 Y
070 D020700 N
070 E010700 Y
070 E020700 N
070 F010700 Y
070 F020700 N
070 G010700 Y
070 G020700 N
070 H010700 Y
070 H020700 N
070 I010700 N
070 I020700 N
070 J010700 Y
070 J020700 N
070 K010700 Y
070 K020700 N
070 L010700 Y
<PAGE>      PAGE  45
070 L020700 Y
070 M010700 Y
070 M020700 N
070 N010700 Y
070 N020700 N
070 O010700 Y
070 O020700 N
070 P010700 N
070 P020700 N
070 Q010700 N
070 Q020700 N
070 R010700 Y
070 R020700 N
071 A000700     37561
071 B000700     32637
071 C000700     23064
071 D000700  142
072 A000700 12
072 B000700       11
072 C000700        1
072 D000700        0
072 E000700        0
072 F000700      201
072 G000700       44
072 H000700        0
072 I000700        5
072 J000700       63
072 K000700        0
072 L000700        4
072 M000700       11
072 N000700        0
072 O000700        0
072 P000700        0
072 Q000700        0
072 R000700       18
072 S000700       12
072 T000700        0
072 U000700        0
072 V000700        0
072 W000700        2
072 X000700      360
072 Y000700       41
072 Z000700     -307
072AA000700      902
072BB000700        0
072CC010700        0
072CC020700     4871
072DD010700        0
072DD020700        0
072EE000700     3196
073 A010700   0.0000
<PAGE>      PAGE  46
073 A020700   0.0000
073 B000700   4.0940
073 C000700   0.0000
074 A000700        0
074 B000700      202
074 C000700        0
074 D000700        0
074 E000700        0
074 F000700    19345
074 G000700        0
074 H000700        0
074 I000700        0
074 J000700      110
074 K000700        0
074 L000700        0
074 M000700        4
074 N000700    19661
074 O000700      240
074 P000700        1
074 Q000700        0
074 R010700        0
074 R020700        0
074 R030700        0
074 R040700       37
074 S000700        0
074 T000700    19383
074 U010700      958
074 U020700        0
074 V010700    20.24
074 V020700     0.00
074 W000700   0.0000
074 X000700        1
074 Y000700        0
075 A000700        0
075 B000700    23674
076  000700     0.00
008 A000801 FIRST VARIABLE ADVISORY SERVICES CORP
008 B000801 A
008 C000801 801-45016
008 D010801 OAK BROOK
008 D020801 IL
008 D030801 60523
008 D040801 1930
008 A000802 WARBURG, PINCUS COUNSELLORS, INC.
008 B000802 S
008 C000802 801-07321
008 D010802 NEW YORK
008 D020802 NY
008 D030802 10017
008 D040802 3147
024  000800 Y
<PAGE>      PAGE  47
025 A000801 LEHMAN BROTHERS HOLDINGS, INC
025 B000801 13-2518466
025 C000801 E
025 D000801     460
025 A000802 FLEET
025 B000802 13-3217611
025 C000802 E
025 D000802     282
025 A000803 DELETE
025 D000803       0
025 D000804       0
025 D000805       0
025 D000806       0
025 D000807       0
025 D000808       0
028 A010800       158
028 A020800      3675
028 A030800         0
028 A040800       519
028 B010800       591
028 B020800         0
028 B030800         0
028 B040800      1226
028 C010800        99
028 C020800         0
028 C030800         0
028 C040800       560
028 D010800       410
028 D020800         0
028 D030800         0
028 D040800       768
028 E010800        92
028 E020800         0
028 E030800         0
028 E040800       509
028 F010800       110
028 F020800         0
028 F030800         0
028 F040800       741
028 G010800      1460
028 G020800      3675
028 G030800         0
028 G040800      4323
028 H000800         0
045  000800 Y
046  000800 N
047  000800 Y
048  000800  0.750
048 A010800        0
048 A020800 0.000
048 B010800        0
<PAGE>      PAGE  48
048 B020800 0.000
048 C010800        0
048 C020800 0.000
048 D010800        0
048 D020800 0.000
048 E010800        0
048 E020800 0.000
048 F010800        0
048 F020800 0.000
048 G010800        0
048 G020800 0.000
048 H010800        0
048 H020800 0.000
048 I010800        0
048 I020800 0.000
048 J010800        0
048 J020800 0.000
048 K010800        0
048 K020800 0.000
049  000800 N
050  000800 N
051  000800 N
052  000800 N
053 A000800 Y
053 B000800 Y
055 A000800 N
055 B000800 N
056  000800 N
057  000800 N
062 A000800 N
062 B000800   0.0
062 C000800   0.0
062 D000800   0.0
062 E000800   0.0
062 F000800   0.0
062 G000800   0.0
062 H000800   0.0
062 I000800   0.0
062 J000800   0.0
062 K000800   0.0
062 L000800   0.0
062 M000800   0.0
062 N000800   0.0
062 O000800   0.0
062 P000800   0.0
062 Q000800   0.0
062 R000800   0.0
063 A000800   0
063 B000800  0.0
066 A000800 Y
066 B000800 N
<PAGE>      PAGE  49
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 Y
070 B020800 N
070 C010800 Y
070 C020800 N
070 D010800 Y
070 D020800 N
070 E010800 Y
070 E020800 N
070 F010800 Y
070 F020800 N
070 G010800 Y
070 G020800 N
070 H010800 Y
070 H020800 N
070 I010800 N
070 I020800 N
070 J010800 Y
070 J020800 N
070 K010800 Y
070 K020800 N
070 L010800 Y
070 L020800 Y
070 M010800 Y
070 M020800 N
070 N010800 Y
070 N020800 N
070 O010800 Y
070 O020800 N
070 P010800 N
070 P020800 N
070 Q010800 N
070 Q020800 N
070 R010800 Y
070 R020800 N
071 A000800     12237
071 B000800     18239
071 C000800     21046
071 D000800   58
072 A000800 12
072 B000800       65
<PAGE>      PAGE  50
072 C000800      376
072 D000800        0
072 E000800        0
072 F000800      167
072 G000800       41
072 H000800        0
072 I000800        5
072 J000800       53
072 K000800        0
072 L000800        4
072 M000800       11
072 N000800        0
072 O000800        0
072 P000800        0
072 Q000800        0
072 R000800       17
072 S000800       12
072 T000800        0
072 U000800        0
072 V000800        0
072 W000800        4
072 X000800      314
072 Y000800       36
072 Z000800      163
072AA000800       59
072BB000800        0
072CC010800     1178
072CC020800        0
072DD010800      169
072DD020800        0
072EE000800     3506
073 A010800   0.1280
073 A020800   0.0000
073 B000800   2.6480
073 C000800   0.0000
074 A000800        0
074 B000800     1032
074 C000800        0
074 D000800        0
074 E000800      157
074 F000800    19689
074 G000800        0
074 H000800        0
074 I000800        0
074 J000800        0
074 K000800        0
074 L000800       31
074 M000800        3
074 N000800    20912
074 O000800        0
074 P000800        8
<PAGE>      PAGE  51
074 Q000800        0
074 R010800        0
074 R020800        0
074 R030800        0
074 R040800       56
074 S000800        0
074 T000800    20848
074 U010800     1395
074 U020800        0
074 V010800    14.94
074 V020800     0.00
074 W000800   0.0000
074 X000800        1
074 Y000800        0
075 A000800        0
075 B000800    22275
076  000800     0.00
025 D001201       0
025 D001202       0
025 D001203       0
025 D001204       0
025 D001205       0
025 D001206       0
025 D001207       0
025 D001208       0
SIGNATURE   CHARLES BUCKLEY
TITLE       ASST VICE PRESIDENT