<PAGE>      PAGE  1
000 A000000 06/30/2001
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 VARIABLE 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 CORP.
010 B00AA02 801-5003
010 C01AA02 BOSTON
010 C02AA02 MA
010 C03AA02 02105
010 C04AA02 9110
012 A00AA01 STATE STREET CORP
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
014 A00AA01 IAC SECURITIES
014 B00AA01 8-30220
015 A00AA01 STATE STREET CORP
015 B00AA01 C
015 C01AA01 BOSTON
015 C02AA01 MA
015 C03AA01 02111
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
<PAGE>      PAGE  3
015 E04AA04 X
015 A00AA05 FORTIS BANK NV-SA
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
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. SOCIEDAD FIDUCIARIA
015 B00AA10 S
015 C01AA10 BOGOTA
015 D01AA10 COLUMBIA
015 E04AA10 X
015 A00AA11 DANSKE BANK A/S
015 B00AA11 S
015 C01AA11 COPENHAGEN
015 D01AA11 DENMARK
015 E04AA11 X
015 A00AA12 MERITA BANK PLC
015 B00AA12 S
015 C01AA12 HELSINKI
015 D01AA12 FINLAND
015 E04AA12 X
015 A00AA13 BNP PARIBAS SECURITIES SERVICES, S.A.
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
<PAGE>      PAGE  4
015 A00AA15 NATIONAL BANK OF GREECE S.A.
015 B00AA15 S
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 SECURITIES SERVICES, S.A.
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(NEDERLAND) N.V.
015 B00AA24 S
015 C01AA24 AMSTERDAM
015 D01AA24 NETHERLANDS
015 E04AA24 X
015 A00AA25 WESTPAC BANKING GROUP CORP.
<PAGE>      PAGE  5
015 B00AA25 S
015 C01AA25 WELLINGTON
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 CENTRAL HISPANO, 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
<PAGE>      PAGE  6
015 C01AA35 BANGKOK
015 D01AA35 THAILAND
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 HSBC BANK EGYPT S.A.E.
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 REPUBLIC OF 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
<PAGE>      PAGE  7
015 D01AA45 QATAR
015 E04AA45 X
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 HSBC BANK MIDDLE EAST
015 B00AA50 S
015 C01AA50 DUBAI
015 D01AA50 UNITED ARAB EMIRATES
015 E04AA50 X
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 D.D.
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
<PAGE>      PAGE  8
015 E04AA55 X
015 A00AA56 CESKOSLOVENSKA OBCHODNI BANKA A/S
015 B00AA56 S
015 C01AA56 PRAGUE
015 D01AA56 CZECH REPUBLIC
015 E04AA56 X
015 A00AA57 CITIBANK, N.A.
015 B00AA57 S
015 C01AA57 QUITO
015 D01AA57 ECUADOR
015 E04AA57 X
015 A00AA58 HANSAPANK (HANSABANK)
015 B00AA58 S
015 C01AA58 TALLINN
015 D01AA58 ESTONIA
015 E04AA58 X
015 A00AA59 BNP PARIBAS, SECURITIES SERVICES, S.A.
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
<PAGE>      PAGE  9
015 A00AA66 SUMITOMO MITSUI BANKING CORP.
015 B00AA66 S
015 C01AA66 TOKYO
015 D01AA66 JAPAN
015 E04AA66 X
015 A00AA67 HSBC BANK MIDDLE EAST
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 A/S 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.
<PAGE>      PAGE  10
015 B00AA76 S
015 C01AA76 KARACHI
015 D01AA76 PAKISTAN
015 E04AA76 X
015 A00AA77 HSBC BANK MIDDLE EAST
015 B00AA77 S
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 BANK HANDLOWY W WARZAWIE 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 AO
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 D.D
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
<PAGE>      PAGE  11
015 C01AA86 COLOMBO
015 D01AA86 SRI LANKA
015 E04AA86 X
015 A00AA87 STANDARD BANK OF SWAZILAND LTD.
015 B00AA87 S
015 C01AA87 MBABANE
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
<PAGE>      PAGE  12
015 D01AA96 MOROCCO
015 E04AA96 X
015 A00AA97 SOCIETE GENERALE DE BANQUES EN COTE D'IVOIRE
015 B00AA97 S
015 C01AA97 ABIDJAN
015 D01AA97 BENIN
015 E04AA97 X
015 A00AA98 SOCIETE GNERALE DE BANQUES EN COTE D'IVOIRE
015 B00AA98 S
015 C01AA98 ABIDJAN
015 D01AA98 BURKINA FASA
015 E04AA98 X
015 A00AA99 SOCIETE GERNERALE DE BANQUES ENCOTE D'IVOIRE
015 B00AA99 S
015 C01AA99 ABIDJAN
015 D01AA99 GUINEA-BISSAU
015 E04AA99 X
018  00AA00 Y
019 A00AA00 N
019 B00AA00    0
020 A000001 CORRESPONDENT SERVICE, INC.
020 C000001     46
020 A000002 FAGENSON & COMPANY
020 B000002 13-1939961
020 C000002     14
020 A000003 HOENIG+COMPANY INC.
020 C000003     14
020 A000004 CIBC WORLD MARKETS CORP.
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020 A000005 MERRILL LYNCH PIERCE FENNER
020 B000005 13-5674085
020 C000005      8
020 A000006 BOSTON INSTITUTIONAL
020 C000006      7
020 A000007 SCOTT+STRINGFELLOW
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020 A000008 FIDELITY
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020 A000009 SALOMON SMITH BARNEY IN
020 B000009 11-2418191
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020 A000010 LEWCO SECS AGENT
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<PAGE>      PAGE  13
022 D000002      4501
022 A000003 GOLDMAN SACHS + CO.
022 B000003 13-5108880
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022 A000004 MERRILL LYNCH
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022 B000005 13-5659485
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022 A000007 BEAR STEARNS + CO INC
022 B000007 13-3299429
022 C000007      2201
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022 A000008 HERZOG HEINE GEDULD INC
022 B000008 13-1955436
022 C000008       194
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022 A000010 UBS WARBURG LLC
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<PAGE>      PAGE  14
034  00AA00 N
035  00AA00      0
036 B00AA00      0
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040  00AA00 N
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042 A00AA00   0
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042 E00AA00   0
042 F00AA00   0
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044  00AA00      0
054 A00AA00 Y
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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
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060 A00AA00 Y
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<PAGE>      PAGE  15
084 A00AA00 N
084 B00AA00        0
085 A00AA00 Y
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008 A000101 FIRST VARIABLE ADVISORY SERVICES CORP.
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 13-2518466
025 C000101 E
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<PAGE>      PAGE  16
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<PAGE>      PAGE  17
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<PAGE>      PAGE  18
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<PAGE>      PAGE  23
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<PAGE>      PAGE  24
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<PAGE>      PAGE  27
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<PAGE>      PAGE  28
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<PAGE>      PAGE  29
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<PAGE>      PAGE  30
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<PAGE>      PAGE  31
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<PAGE>      PAGE  32
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<PAGE>      PAGE  34
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<PAGE>      PAGE  36
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SIGNATURE   CHARLES BUCKLEY
TITLE       ASST VICE PRESIDENT