Exhibit 12 (b)

CERTIFICATION OF SHAREHOLDER REPORT

In connection with the Certified Shareholder Report of SM&R Investments, Inc.
(the Company) on Form N-CSR for the period ended February 28, 2010 as filed
with the Securities and Exchange Commission on the date hereof (the Report),
I, Michael W. McCroskey, President of the Company, certify, pursuant to 18
U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley
Act of 2002, that:

	(1)	The Report fully complies with the requirements of Section
		13(a) or 15(d) of the Securities Exchange Act of 1934; and

	(2)	The information contained in the Report fairly presents, in
		all material respects, the financial condition and results
		of operations of the Company.


Date:	April 30, 2010

	\S\ Michael W. McCroskey
	-------------------------------------
	President


A signed original of this written statement required by Section 906, or other
document authenticating, acknowledging, or otherwise adopting the signature
that appears in typed form within the electronic version of this written
statement required by Section 906, has been provided to the company and will
be retained by the Company and furnished to the Securities and Exchange
Commission or its staff upon request.


CERTIFICATION OF SHAREHOLDER REPORT

In connection with the Certified Shareholder Report of SM&R Investments, Inc.
(the Company) on Form N-CSR for the period ended February 28, 2010 as filed
with the Securities and Exchange Commission on the date hereof (the Report),
I, Brenda T. Koelemay, Vice President and Treasurer of the Company, certify,
pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the
Sarbanes-Oxley Act of 2002, that:

	(1)	The Report fully complies with the requirements of Section
		13(a) or 15(d) of the Securities Exchange Act of 1934; and

	(2)	The information contained in the Report fairly presents, in
		all material respects, the financial condition and results
		of operations of the Company.


Date:	April 30, 2010

	\S\ Brenda T. Koelemay
	-------------------------------------
	Vice President and Treasurer


A signed original of this written statement required by Section 906, or other
document authenticating, acknowledging, or otherwise adopting the signature
that appears in typed form within the electronic version of this written
statement required by Section 906, has been provided to the company and will
be retained by the Company and furnished to the Securities and Exchange
Commission or its staff upon request.