******************************* FORM N-Px REPORT ******************************* ICA File Number: 811-09761 Reporting Period: 07/01/2010 - 06/30/2011 Direxion Insurance Trust UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 FORM N-PX ANNUAL REPORT OF PROXY VOTING RECORD OF REGISTERED MANAGEMENT INVESTMENT COMPANY Investment Company Act file number 811-09761 The Direxion Insurance Trust (Exact name of registrant as specified in charter) Daniel ONeill 33 Whitehall Street, 10th Floor New York, NY 10004 (Address of principal executive offices) (Zip code) U.S. Bancorp Fund Services, LLC 615 E. Michigan Avenue Milwaukee, WI 53202 (Name and address of agent for service) Registrant's telephone number, including area code: 646-572-3390 Date of fiscal year end: December 31, 2011 Date of reporting period: June 30, 2011 Item 1. Proxy Voting Record. ======================= DIREXION DYNAMIC VP HY BOND FUND ======================= There is no proxy voting activity for the fund, as the fund did not hold any votable positions during the reporting period. SIGNATURES Pursuant to the requirements of the Investment Company Act of 1940, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized. (Registrant) Direxion Insurance Trust By (Signature and Title)/s/ Daniel ONeill 			 Daniel ONeill 			 President Date 8/10/2011 ========== END NPX REPORT