<PAGE> PAGE 1
000 B000000 12/31/97
000 C000000 0001004658
000 D000000 N
000 E000000 NF
000 F000000 Y
000 G000000 N
000 H000000 N
000 I000000 3.0
000 J000000 A
001 A000000 PHOENIX DUFF & PHELPS INSTITUTIONAL MUTUAL FD
001 B000000 811-9140
001 C000000 8604036144
002 A000000 101 MUNSON STREET
002 B000000 GREENFIELD
002 C000000 MA
002 D010000 01301
003 000000 N
004 000000 N
005 000000 N
006 000000 N
007 A000000 Y
007 B000000 7
007 C010100 1
007 C020100 BALANCED PORTFOLIO
007 C030100 N
007 C010200 2
007 C020200 MANAGED BOND PORTFOLIO
007 C030200 N
007 C010300 3
007 C020300 GROWTH STOCK PORTFOLIO
007 C030300 N
007 C010400 4
007 C020400 MONEY MARKET PORTFOLIO
007 C030400 N
007 C010500 5
007 C020500 U.S. GOVERNMENT SECURITIES PORTFOLIO
007 C030500 N
007 C010600 6
007 C020600 ENHANCED RESERVES PORTFOLIO
007 C030600 N
007 C010700 7
007 C020700 REAL ESTATE EQUITY SECURITIES PORTFOLIO
007 C030700 N
007 C010800 8
007 C010900 9
007 C011000 10
011 A00AA01 PHOENIX EQUITY PLANNING CORPORATION
011 B00AA01 8-45491
011 C01AA01 ENFIELD
011 C02AA01 CT
011 C03AA01 06083
<PAGE> PAGE 2
011 C04AA01 2200
012 A00AA01 PHOENIX EQUITY PLANNING CORPORATION
012 B00AA01 84-5491
012 C01AA01 ENFIELD
012 C02AA01 CT
012 C03AA01 06083
012 C04AA01 2200
013 A00AA01 PRICE WATERHOUSE LLP
013 B01AA01 BOSTON
013 B02AA01 MA
013 B03AA01 02110
014 A00AA01 PHOENIX EQUITY PLANNING CORPORATION
014 B00AA01 8-45491
018 00AA00 Y
019 A00AA00 Y
019 B00AA00 51
019 C00AA00 PHOENIX-DP
020 A000001 COUNTY NATWEST SECURITIES, LTD.
020 B000001 N/A
020 C000001 107
020 A000002 INSTINET CORP.
020 B000002 13-3443395
020 C000002 72
020 A000003 HARTFORD INSTITUTIONAL INVESTORS SERVICE CO.
020 B000003 N/A
020 C000003 50
020 A000004 MORGAN STANLEY & CO., INC.
020 B000004 13-2655998
020 C000004 37
020 A000005 GOLDMAN, SACHS & CO., INC.
020 B000005 13-5108880
020 C000005 32
020 A000006 MONTGOMERY SECURITIES
020 B000006 94-1701676
020 C000006 30
020 A000007 DONALDSON, LUFKIN & JENRETTE SECURITIES CORP.
020 B000007 13-2741729
020 C000007 23
020 A000008 SANFORD BERNSTEIN
020 B000008 N/A
020 C000008 23
020 A000009 COWEN & COMPANY
020 B000009 13-5616116
020 C000009 22
020 A000010 LEHMAN BROTHERS
020 B000010 N/A
020 C000010 22
021 000000 802
022 A000001 GOLDMAN, SACHS & CO.
022 B000001 13-5108880
022 C000001 1203637
<PAGE> PAGE 3
022 D000001 73166
022 A000002 STATE STREET BANK AND TRUST CO.
022 B000002 04-1867445
022 C000002 1133965
022 D000002 0
022 A000003 MERRILL LYNCH, PIERCE, FENNER & SMITH
022 B000003 13-5674085
022 C000003 307559
022 D000003 39956
022 A000004 FIRST BOSTON
022 B000004 13-5659485
022 C000004 281415
022 D000004 30611
022 A000005 CHASE SECURITIES, INC.
022 B000005 94-2530763
022 C000005 211955
022 D000005 72811
022 A000006 BANK OF AMERICA
022 B000006 94-1687665
022 C000006 264232
022 D000006 18852
022 A000007 BANK OF BOSTON
022 B000007 04-2472499
022 C000007 183105
022 D000007 13867
022 A000008 FIRST CHICAGO CAPITAL MARKETS, INC.
022 B000008 36-3595942
022 C000008 156142
022 D000008 6664
022 A000009 CITIBANK
022 B000009 N/A
022 C000009 136815
022 D000009 4447
022 A000010 MORGAN STANLEY & CO., INC.
022 B000010 13-2655998
022 C000010 74972
022 D000010 57139
023 C000000 4994150
023 D000000 782857
026 A000000 Y
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
<PAGE> PAGE 4
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 Y
041 00AA00 Y
042 A00AA00 0
042 B00AA00 0
042 C00AA00 14
042 D00AA00 86
042 E00AA00 0
042 F00AA00 0
042 G00AA00 0
042 H00AA00 0
043 00AA00 110
044 00AA00 0
054 A00AA00 Y
054 B00AA00 N
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 Y
054 M00AA00 Y
054 N00AA00 N
054 O00AA00 N
077 A000000 Y
077 B000000 Y
077 Q010000 Y
078 000000 N
080 A00AA00 NATIONAL UNION FIRE INSURANCE CO. PITTSBURGH
080 C00AA00 21000
081 A00AA00 Y
081 B00AA00 61
082 A00AA00 N
082 B00AA00 0
083 A00AA00 N
083 B00AA00 0
<PAGE> PAGE 5
084 A00AA00 N
084 B00AA00 0
085 A00AA00 Y
085 B00AA00 N
008 A000101 PHOENIX INVESTMENT COUNSEL, INC.
008 B000101 A
008 C000101 801-5995
008 D010101 HARTFORD
008 D020101 CT
008 D030101 06115
008 D040101 0480
010 A000101 PHOENIX EQUITY PLANNING CORPORATION
010 B000101 84-5491
010 C010101 ENFIELD
010 C020101 CT
010 C030101 06083
010 C040101 2200
015 A000101 THE CHASE MANHATTAN BANK, N.A.
015 B000101 C
015 C010101 NEW YORK
015 C020101 NY
015 C030101 10081
015 E010101 X
024 000100 Y
025 A000101 MERRILL LYNCH & CO., INC.
025 B000101 13-5674085
025 C000101 E
025 D000101 91
025 D000102 0
025 D000103 0
025 D000104 0
025 D000105 0
025 D000106 0
025 D000107 0
025 D000108 0
028 A010100 114
028 A020100 0
028 A030100 0
028 A040100 1511
028 B010100 235
028 B020100 0
028 B030100 0
028 B040100 261
028 C010100 923
028 C020100 0
028 C030100 0
028 C040100 3141
028 D010100 204
028 D020100 0
028 D030100 0
028 D040100 1135
<PAGE> PAGE 6
028 E010100 285
028 E020100 0
028 E030100 0
028 E040100 1738
028 F010100 371
028 F020100 6068
028 F030100 0
028 F040100 1340
028 G010100 2132
028 G020100 6068
028 G030100 0
028 G040100 9126
028 H000100 0
045 000100 Y
046 000100 N
047 000100 Y
048 000100 0.000
048 A010100 1000000
048 A020100 0.550
048 B010100 1000000
048 B020100 0.500
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 Y
053 B000100 Y
053 C000100 N
055 A000100 N
055 B000100 N
056 000100 Y
057 000100 N
058 A000100 N
<PAGE> PAGE 7
059 000100 Y
060 A000100 Y
060 B000100 Y
061 000100 1000000
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
063 A000100 0
063 B000100 0.0
066 A000100 Y
066 B000100 N
066 C000100 N
066 D000100 N
066 E000100 Y
066 F000100 N
066 G000100 N
067 000100 Y
068 A000100 N
068 B000100 N
069 000100 N
070 A010100 Y
070 A020100 N
070 B010100 Y
070 B020100 Y
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
<PAGE> PAGE 8
070 I010100 N
070 I020100 N
070 J010100 Y
070 J020100 N
070 K010100 Y
070 K020100 Y
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
070 Q010100 N
070 Q020100 N
070 R010100 N
070 R020100 N
071 A000100 71086
071 B000100 95367
071 C000100 33285
071 D000100 214
072 A000100 12
072 B000100 1056
072 C000100 231
072 D000100 0
072 E000100 0
072 F000100 201
072 G000100 72
072 H000100 0
072 I000100 50
072 J000100 25
072 K000100 0
072 L000100 3
072 M000100 13
072 N000100 39
072 O000100 0
072 P000100 0
072 Q000100 0
072 R000100 18
072 S000100 0
072 T000100 23
072 U000100 0
072 V000100 0
072 W000100 12
072 X000100 456
072 Y000100 196
072 Z000100 1027
072AA000100 6827
<PAGE> PAGE 9
072BB000100 0
072CC010100 0
072CC020100 1340
072DD010100 865
072DD020100 214
072EE000100 6972
073 A010100 0.6600
073 A020100 0.6000
073 B000100 4.5600
073 C000100 0.0000
074 A000100 120
074 B000100 0
074 C000100 2963
074 D000100 9251
074 E000100 0
074 F000100 17506
074 G000100 0
074 H000100 0
074 I000100 0
074 J000100 781
074 K000100 3
074 L000100 198
074 M000100 0
074 N000100 30822
074 O000100 836
074 P000100 12
074 Q000100 0
074 R010100 0
074 R020100 0
074 R030100 0
074 R040100 187
074 S000100 0
074 T000100 29787
074 U010100 1455
074 U020100 387
074 V010100 16.17
074 V020100 16.18
074 W000100 0.0000
074 X000100 78
074 Y000100 0
075 A000100 0
075 B000100 36547
076 000100 0.00
010 A000201 PHOENIX EQUITY PLANNING CORPORATION
010 B000201 84-5491
010 C010201 ENFIELD
010 C020201 CT
010 C030201 06083
010 C040201 2200
015 A000201 THE CHASE MANHATTAN BANK, N.A.
015 B000201 C
<PAGE> PAGE 10
015 C010201 NEW YORK
015 C020201 NY
015 C030201 10081
015 E010201 X
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 793
028 A020200 0
028 A030200 0
028 A040200 389
028 B010200 302
028 B020200 0
028 B030200 0
028 B040200 1224
028 C010200 674
028 C020200 0
028 C030200 0
028 C040200 426
028 D010200 654
028 D020200 0
028 D030200 0
028 D040200 4522
028 E010200 2276
028 E020200 0
028 E030200 0
028 E040200 849
028 F010200 437
028 F020200 5935
028 F030200 0
028 F040200 1738
028 G010200 5136
028 G020200 5935
028 G030200 0
028 G040200 9148
028 H000200 0
045 000200 Y
046 000200 N
047 000200 Y
048 000200 0.000
048 A010200 1000000
048 A020200 0.450
048 B010200 1000000
048 B020200 0.400
048 C010200 0
<PAGE> PAGE 11
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 0
048 K020200 0.000
049 000200 N
050 000200 N
051 000200 N
052 000200 N
053 A000200 Y
053 B000200 Y
053 C000200 N
055 A000200 Y
055 B000200 N
056 000200 Y
057 000200 N
058 A000200 N
059 000200 Y
060 A000200 Y
060 B000200 Y
061 000200 1000000
062 A000200 Y
062 B000200 0.0
062 C000200 0.7
062 D000200 0.0
062 E000200 0.0
062 F000200 0.0
062 G000200 0.0
062 H000200 0.0
062 I000200 9.8
062 J000200 0.0
062 K000200 0.0
062 L000200 0.0
062 M000200 1.2
062 N000200 5.4
062 O000200 3.4
062 P000200 53.2
062 Q000200 19.9
062 R000200 4.8
<PAGE> PAGE 12
063 A000200 0
063 B000200 13.4
064 A000200 Y
064 B000200 Y
065 000200 N
066 A000200 N
067 000200 N
068 A000200 N
068 B000200 N
069 000200 N
070 A010200 Y
070 A020200 N
070 B010200 N
070 B020200 N
070 C010200 N
070 C020200 N
070 D010200 N
070 D020200 N
070 E010200 Y
070 E020200 N
070 F010200 N
070 F020200 N
070 G010200 Y
070 G020200 N
070 H010200 N
070 H020200 N
070 I010200 N
070 I020200 N
070 J010200 Y
070 J020200 Y
070 K010200 Y
070 K020200 N
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 N
070 R020200 N
071 A000200 128681
071 B000200 129176
071 C000200 73176
071 D000200 176
072 A000200 12
<PAGE> PAGE 13
072 B000200 5487
072 C000200 362
072 D000200 0
072 E000200 0
072 F000200 352
072 G000200 82
072 H000200 0
072 I000200 48
072 J000200 28
072 K000200 0
072 L000200 3
072 M000200 13
072 N000200 43
072 O000200 0
072 P000200 0
072 Q000200 0
072 R000200 22
072 S000200 0
072 T000200 15
072 U000200 0
072 V000200 0
072 W000200 13
072 X000200 619
072 Y000200 173
072 Z000200 5403
072AA000200 3001
072BB000200 0
072CC010200 0
072CC020200 943
072DD010200 5420
072DD020200 429
072EE000200 3199
073 A010200 2.6000
073 A020200 2.5100
073 B000200 1.4300
073 C000200 0.0000
074 A000200 875
074 B000200 0
074 C000200 8367
074 D000200 66038
074 E000200 3802
074 F000200 0
074 G000200 0
074 H000200 0
074 I000200 0
074 J000200 430
074 K000200 0
074 L000200 999
074 M000200 0
074 N000200 80511
074 O000200 948
<PAGE> PAGE 14
074 P000200 27
074 Q000200 0
074 R010200 0
074 R020200 0
074 R030200 0
074 R040200 64
074 S000200 0
074 T000200 79472
074 U010200 2193
074 U020200 203
074 V010200 33.17
074 V020200 33.18
074 W000200 0.0000
074 X000200 96
074 Y000200 0
075 A000200 0
075 B000200 78278
076 000200 0.00
008 A000301 PHOENIX INVESTMENT COUNSEL, INC.
008 B000301 A
008 C000301 801-5995
008 D010301 HARTFORD
008 D020301 CT
008 D030301 06115
008 D040301 0480
010 A000301 PHOENIX EQUITY PLANNING CORPORATION
010 B000301 84-5491
010 C010301 ENFIELD
010 C020301 CT
010 C030301 06083
010 C040301 2200
015 A000301 THE CHASE MANHATTAN BANK, N.A.
015 B000301 C
015 C010301 NEW YORK
015 C020301 NY
015 C030301 10081
015 E010301 X
024 000300 Y
025 A000301 MERRILL LYNCH & CO., INC.
025 B000301 13-5674085
025 C000301 E
025 D000301 321
025 D000302 0
025 D000303 0
025 D000304 0
025 D000305 0
025 D000306 0
025 D000307 0
025 D000308 0
028 A010300 434
028 A020300 0
<PAGE> PAGE 15
028 A030300 0
028 A040300 1463
028 B010300 617
028 B020300 0
028 B030300 0
028 B040300 886
028 C010300 480
028 C020300 0
028 C030300 0
028 C040300 6349
028 D010300 820
028 D020300 0
028 D030300 0
028 D040300 2963
028 E010300 1139
028 E020300 0
028 E030300 0
028 E040300 995
028 F010300 1435
028 F020300 22817
028 F030300 0
028 F040300 14746
028 G010300 4925
028 G020300 22817
028 G030300 0
028 G040300 27402
028 H000300 0
045 000300 Y
046 000300 N
047 000300 Y
048 000300 0.000
048 A010300 1000000
048 A020300 0.600
048 B010300 1000000
048 B020300 0.550
048 C010300 0
048 C020300 0.000
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
<PAGE> PAGE 16
048 K010300 0
048 K020300 0.000
049 000300 N
050 000300 N
051 000300 N
052 000300 N
053 A000300 Y
053 B000300 Y
053 C000300 N
055 A000300 N
055 B000300 N
056 000300 Y
057 000300 N
058 A000300 N
059 000300 Y
060 A000300 Y
060 B000300 Y
061 000300 1000000
062 A000300 N
062 B000300 0.0
062 C000300 0.0
062 D000300 0.0
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 0.0
062 Q000300 0.0
062 R000300 0.0
063 A000300 0
063 B000300 0.0
066 A000300 Y
066 B000300 N
066 C000300 Y
066 D000300 N
066 E000300 N
066 F000300 N
066 G000300 N
067 000300 N
068 A000300 N
068 B000300 N
069 000300 N
070 A010300 N
070 A020300 N
<PAGE> PAGE 17
070 B010300 N
070 B020300 N
070 C010300 N
070 C020300 N
070 D010300 N
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 N
070 K010300 Y
070 K020300 Y
070 L010300 Y
070 L020300 Y
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 N
070 R020300 N
071 A000300 118747
071 B000300 177867
071 C000300 80359
071 D000300 148
072 A000300 12
072 B000300 270
072 C000300 882
072 D000300 0
072 E000300 0
072 F000300 515
072 G000300 62
072 H000300 0
072 I000300 51
072 J000300 24
072 K000300 0
072 L000300 2
072 M000300 13
<PAGE> PAGE 18
072 N000300 43
072 O000300 0
072 P000300 0
072 Q000300 0
072 R000300 20
072 S000300 0
072 T000300 52
072 U000300 0
072 V000300 0
072 W000300 15
072 X000300 797
072 Y000300 143
072 Z000300 498
072AA000300 27923
072BB000300 0
072CC010300 0
072CC020300 8684
072DD010300 455
072DD020300 110
072EE000300 35974
073 A010300 0.4100
073 A020300 0.3200
073 B000300 24.0700
073 C000300 0.0000
074 A000300 0
074 B000300 0
074 C000300 460
074 D000300 0
074 E000300 0
074 F000300 61957
074 G000300 0
074 H000300 0
074 I000300 0
074 J000300 9997
074 K000300 0
074 L000300 188
074 M000300 0
074 N000300 72602
074 O000300 127
074 P000300 36
074 Q000300 0
074 R010300 0
074 R020300 0
074 R030300 0
074 R040300 10458
074 S000300 0
074 T000300 61981
074 U010300 1310
074 U020300 521
074 V010300 33.85
074 V020300 33.86
<PAGE> PAGE 19
074 W000300 0.0000
074 X000300 89
074 Y000300 0
075 A000300 0
075 B000300 85910
076 000300 0.00
008 A000401 PHOENIX INVESTMENT COUNSEL, INC.
008 B000401 A
008 C000401 801-5995
008 D010401 HARTFORD
008 D020401 CT
008 D030401 06115
008 D040401 0480
010 A000401 PHOENIX EQUITY PLANNING CORPORATION
010 B000401 84-5491
010 C010401 ENFIELD
010 C020401 CT
010 C030401 06083
010 C040401 2200
015 A000401 THE CHASE MANHATTAN BANK, N.A.
015 B000401 C
015 C010401 NEW YORK
015 C020401 NY
015 C030401 10081
015 E010401 X
024 000400 Y
025 A000401 GOLDMAN, SACHS & CO.
025 B000401 13-5108880
025 C000401 D
025 D000401 363
025 A000402 MERRILL LYNCH & CO., INC.
025 B000402 13-5674085
025 C000402 D
025 D000402 249
025 D000403 0
025 D000404 0
025 D000405 0
025 D000406 0
025 D000407 0
025 D000408 0
028 A010400 818
028 A020400 44
028 A030400 0
028 A040400 1098
028 B010400 401
028 B020400 42
028 B030400 0
028 B040400 636
028 C010400 1002
028 C020400 39
028 C030400 0
<PAGE> PAGE 20
028 C040400 520
028 D010400 4313
028 D020400 59
028 D030400 0
028 D040400 1111
028 E010400 442
028 E020400 38
028 E030400 0
028 E040400 3287
028 F010400 1867
028 F020400 50
028 F030400 0
028 F040400 2423
028 G010400 8843
028 G020400 272
028 G030400 0
028 G040400 9075
028 H000400 0
045 000400 Y
046 000400 N
047 000400 Y
048 000400 0.000
048 A010400 1000000
048 A020400 0.250
048 B010400 1000000
048 B020400 0.200
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 Y
053 B000400 Y
053 C000400 N
<PAGE> PAGE 21
055 A000400 N
055 B000400 N
056 000400 Y
057 000400 N
058 A000400 N
059 000400 Y
060 A000400 Y
060 B000400 Y
061 000400 1000000
062 A000400 Y
062 B000400 0.0
062 C000400 26.1
062 D000400 0.0
062 E000400 0.0
062 F000400 0.0
062 G000400 0.0
062 H000400 0.0
062 I000400 80.1
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 5.1
062 Q000400 0.0
062 R000400 0.0
063 A000400 32
063 B000400 0.0
064 A000400 N
064 B000400 N
066 A000400 N
067 000400 N
068 A000400 N
068 B000400 N
069 000400 N
070 A010400 Y
070 A020400 N
070 B010400 N
070 B020400 N
070 C010400 N
070 C020400 N
070 D010400 N
070 D020400 N
070 E010400 N
070 E020400 N
070 F010400 N
070 F020400 N
070 G010400 N
070 G020400 N
070 H010400 N
<PAGE> PAGE 22
070 H020400 N
070 I010400 N
070 I020400 N
070 J010400 Y
070 J020400 N
070 K010400 N
070 K020400 N
070 L010400 N
070 L020400 N
070 M010400 N
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 N
070 R020400 N
071 A000400 0
071 B000400 0
071 C000400 0
071 D000400 0
072 A000400 12
072 B000400 647
072 C000400 0
072 D000400 0
072 E000400 0
072 F000400 29
072 G000400 47
072 H000400 0
072 I000400 46
072 J000400 11
072 K000400 0
072 L000400 5
072 M000400 14
072 N000400 29
072 O000400 0
072 P000400 0
072 Q000400 0
072 R000400 17
072 S000400 0
072 T000400 4
072 U000400 0
072 V000400 0
072 W000400 6
072 X000400 208
072 Y000400 163
072 Z000400 602
<PAGE> PAGE 23
072AA000400 0
072BB000400 0
072CC010400 0
072CC020400 0
072DD010400 518
072DD020400 84
072EE000400 0
073 A010400 0.0521
073 A020400 0.0496
073 B000400 0.0000
073 C000400 0.0000
074 A000400 9
074 B000400 0
074 C000400 10458
074 D000400 501
074 E000400 0
074 F000400 0
074 G000400 0
074 H000400 0
074 I000400 0
074 J000400 0
074 K000400 11
074 L000400 209
074 M000400 0
074 N000400 11188
074 O000400 0
074 P000400 9
074 Q000400 0
074 R010400 0
074 R020400 0
074 R030400 0
074 R040400 1329
074 S000400 0
074 T000400 9850
074 U010400 8219
074 U020400 1721
074 V010400 1.00
074 V020400 1.00
074 W000400 0.9999
074 X000400 58
074 Y000400 0
075 A000400 11660
075 B000400 0
076 000400 0.00
008 A000501 PHOENIX INVESTMENT COUNSEL, INC.
008 B000501 A
008 C000501 801-5995
008 D010501 HARTFORD
008 D020501 CT
008 D030501 06115
008 D040501 0480
<PAGE> PAGE 24
010 A000501 PHOENIX EQUITY PLANNING CORPORATION
010 B000501 84-5491
010 C010501 ENFIELD
010 C020501 CT
010 C030501 06083
010 C040501 2200
015 A000501 THE CHASE MANHATTAN BANK, N.A.
015 B000501 C
015 C010501 NEW YORK
015 C020501 NY
015 C030501 10081
015 E010501 X
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 553
028 A020500 0
028 A030500 0
028 A040500 285
028 B010500 574
028 B020500 0
028 B030500 0
028 B040500 179
028 C010500 91
028 C020500 0
028 C030500 0
028 C040500 46
028 D010500 67
028 D020500 0
028 D030500 0
028 D040500 63
028 E010500 11
028 E020500 0
028 E030500 0
028 E040500 938
028 F010500 145
028 F020500 265
028 F030500 0
028 F040500 181
028 G010500 1441
028 G020500 265
028 G030500 0
028 G040500 1692
028 H000500 0
045 000500 Y
<PAGE> PAGE 25
046 000500 N
047 000500 Y
048 000500 0.000
048 A010500 1000000
048 A020500 0.300
048 B010500 1000000
048 B020500 0.250
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 0
048 K020500 0.000
049 000500 N
050 000500 N
051 000500 N
052 000500 N
053 A000500 Y
053 B000500 Y
053 C000500 N
055 A000500 N
055 B000500 N
056 000500 Y
057 000500 N
058 A000500 N
059 000500 Y
060 A000500 Y
060 B000500 Y
061 000500 1000000
062 A000500 Y
062 B000500 0.0
062 C000500 19.5
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
<PAGE> PAGE 26
062 K000500 0.0
062 L000500 0.0
062 M000500 41.7
062 N000500 32.5
062 O000500 0.0
062 P000500 0.0
062 Q000500 5.7
062 R000500 0.0
063 A000500 0
063 B000500 2.1
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 N
070 B010500 N
070 B020500 N
070 C010500 Y
070 C020500 N
070 D010500 N
070 D020500 N
070 E010500 N
070 E020500 N
070 F010500 N
070 F020500 N
070 G010500 N
070 G020500 N
070 H010500 N
070 H020500 N
070 I010500 N
070 I020500 N
070 J010500 Y
070 J020500 N
070 K010500 Y
070 K020500 N
070 L010500 N
070 L020500 N
070 M010500 N
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
<PAGE> PAGE 27
070 R010500 N
070 R020500 N
071 A000500 17472
071 B000500 18101
071 C000500 7521
071 D000500 232
072 A000500 12
072 B000500 471
072 C000500 0
072 D000500 0
072 E000500 0
072 F000500 25
072 G000500 82
072 H000500 0
072 I000500 41
072 J000500 3
072 K000500 0
072 L000500 4
072 M000500 14
072 N000500 35
072 O000500 0
072 P000500 0
072 Q000500 0
072 R000500 16
072 S000500 1
072 T000500 11
072 U000500 0
072 V000500 0
072 W000500 4
072 X000500 236
072 Y000500 191
072 Z000500 426
072AA000500 76
072BB000500 0
072CC010500 50
072CC020500 0
072DD010500 237
072DD020500 232
072EE000500 0
073 A010500 0.7600
073 A020500 0.7300
073 B000500 0.0000
073 C000500 0.0000
074 A000500 16
074 B000500 0
074 C000500 1650
074 D000500 6750
074 E000500 0
074 F000500 0
074 G000500 0
074 H000500 0
<PAGE> PAGE 28
074 I000500 0
074 J000500 0
074 K000500 9
074 L000500 86
074 M000500 0
074 N000500 8511
074 O000500 0
074 P000500 12
074 Q000500 0
074 R010500 0
074 R020500 0
074 R030500 0
074 R040500 48
074 S000500 0
074 T000500 8451
074 U010500 334
074 U020500 303
074 V010500 13.26
074 V020500 13.25
074 W000500 0.0000
074 X000500 31
074 Y000500 0
075 A000500 0
075 B000500 8447
076 000500 0.00
008 A000601 DUFF & PHELPS INVESTMENT MANAGEMENT CO.
008 B000601 A
008 C000601 801-14813
008 D010601 CHICAGO
008 D020601 IL
008 D030601 60603
010 A000601 PHOENIX EQUITY PLANNING CORPORATION
010 B000601 84-5491
010 C010601 ENFIELD
010 C020601 CT
010 C030601 06083
010 C040601 2200
015 A000601 STATE STREET BANK AND TRUST CO.
015 B000601 C
015 C010601 BOSTON
015 C020601 MA
015 C030601 02101
015 E010601 X
024 000600 N
025 D000601 0
025 D000602 0
025 D000603 0
025 D000604 0
025 D000605 0
025 D000606 0
025 D000607 0
<PAGE> PAGE 29
025 D000608 0
028 A010600 13086
028 A020600 393
028 A030600 0
028 A040600 9822
028 B010600 12776
028 B020600 342
028 B030600 0
028 B040600 14669
028 C010600 12053
028 C020600 373
028 C030600 0
028 C040600 14138
028 D010600 6019
028 D020600 332
028 D030600 0
028 D040600 16964
028 E010600 7230
028 E020600 285
028 E030600 0
028 E040600 3769
028 F010600 14135
028 F020600 321
028 F030600 0
028 F040600 4918
028 G010600 65299
028 G020600 2046
028 G030600 0
028 G040600 64280
028 H000600 0
045 000600 Y
046 000600 N
047 000600 Y
048 000600 0.000
048 A010600 1000000
048 A020600 0.240
048 B010600 1000000
048 B020600 0.190
048 C010600 0
048 C020600 0.000
048 D010600 0
048 D020600 0.000
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
<PAGE> PAGE 30
048 I020600 0.000
048 J010600 0
048 J020600 0.000
048 K010600 0
048 K020600 0.000
049 000600 N
050 000600 N
051 000600 N
052 000600 N
053 A000600 Y
053 B000600 Y
053 C000600 N
055 A000600 N
055 B000600 N
056 000600 Y
057 000600 N
058 A000600 N
059 000600 Y
060 A000600 Y
060 B000600 Y
061 000600 1000000
062 A000600 Y
062 B000600 0.0
062 C000600 0.0
062 D000600 1.7
062 E000600 0.0
062 F000600 0.0
062 G000600 0.0
062 H000600 0.0
062 I000600 8.7
062 J000600 0.0
062 K000600 0.0
062 L000600 0.0
062 M000600 12.1
062 N000600 6.8
062 O000600 0.0
062 P000600 68.8
062 Q000600 0.0
062 R000600 0.0
063 A000600 0
063 B000600 13.5
064 A000600 N
064 B000600 N
066 A000600 N
067 000600 N
068 A000600 N
068 B000600 N
069 000600 N
070 A010600 Y
070 A020600 Y
070 B010600 N
<PAGE> PAGE 31
070 B020600 N
070 C010600 Y
070 C020600 N
070 D010600 N
070 D020600 N
070 E010600 Y
070 E020600 N
070 F010600 N
070 F020600 N
070 G010600 Y
070 G020600 N
070 H010600 N
070 H020600 N
070 I010600 N
070 I020600 N
070 J010600 Y
070 J020600 N
070 K010600 Y
070 K020600 N
070 L010600 Y
070 L020600 N
070 M010600 Y
070 M020600 N
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 N
070 R020600 N
071 A000600 140960
071 B000600 169363
071 C000600 79603
071 D000600 177
072 A000600 12
072 B000600 5447
072 C000600 0
072 D000600 0
072 E000600 0
072 F000600 212
072 G000600 82
072 H000600 0
072 I000600 42
072 J000600 13
072 K000600 0
072 L000600 3
072 M000600 14
072 N000600 47
<PAGE> PAGE 32
072 O000600 0
072 P000600 0
072 Q000600 0
072 R000600 22
072 S000600 0
072 T000600 5
072 U000600 0
072 V000600 0
072 W000600 1
072 X000600 441
072 Y000600 136
072 Z000600 5142
072AA000600 0
072BB000600 16
072CC010600 0
072CC020600 108
072DD010600 5018
072DD020600 114
072EE000600 0
073 A010600 0.5800
073 A020600 0.5600
073 B000600 0.0000
073 C000600 0.0000
074 A000600 1041
074 B000600 1289
074 C000600 6750
074 D000600 67814
074 E000600 0
074 F000600 0
074 G000600 0
074 H000600 0
074 I000600 0
074 J000600 0
074 K000600 0
074 L000600 2543
074 M000600 0
074 N000600 79437
074 O000600 2001
074 P000600 11
074 Q000600 0
074 R010600 0
074 R020600 0
074 R030600 0
074 R040600 142
074 S000600 0
074 T000600 77283
074 U010600 7565
074 U020600 203
074 V010600 9.95
074 V020600 9.95
074 W000600 0.0000
<PAGE> PAGE 33
074 X000600 26
074 Y000600 0
075 A000600 0
075 B000600 88152
076 000600 0.00
008 A000701 PHOENIX REALTY SECURITIES, INC.
008 B000701 A
008 C000701 801-48190
008 D010701 HARTFORD
008 D020701 CT
008 D030701 06115
008 D040701 0479
010 A000701 PHOENIX EQUITY PLANNING CORPORATION
010 B000701 84-5491
010 C010701 ENFIELD
010 C020701 CT
010 C030701 06083
010 C040701 2200
010 A000702 DUFF & PHELPS INVESTMENT MANAGEMENT CO.
010 B000702 801-14813
010 C010702 CHICAGO
010 C020702 IL
010 C030702 60603
015 A000701 STATE STREET BANK AND TRUST CO.
015 B000701 C
015 C010701 BOSTON
015 C020701 MA
015 C030701 02101
015 E010701 X
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 0
028 A020700 0
028 A030700 0
028 A040700 0
028 B010700 0
028 B020700 0
028 B030700 0
028 B040700 0
028 C010700 0
028 C020700 203
028 C030700 0
028 C040700 0
028 D010700 0
<PAGE> PAGE 34
028 D020700 0
028 D030700 0
028 D040700 0
028 E010700 0
028 E020700 0
028 E030700 0
028 E040700 0
028 F010700 3981
028 F020700 198
028 F030700 0
028 F040700 0
028 G010700 3981
028 G020700 401
028 G030700 0
028 G040700 0
028 H000700 0
045 000700 Y
046 000700 N
047 000700 Y
048 000700 0.000
048 A010700 0
048 A020700 0.500
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 0.600
049 000700 N
050 000700 N
051 000700 N
052 000700 N
053 A000700 Y
053 B000700 Y
053 C000700 N
055 A000700 N
055 B000700 N
<PAGE> PAGE 35
056 000700 N
057 000700 N
058 A000700 N
059 000700 Y
060 A000700 N
060 B000700 N
061 000700 250000
062 A000700 N
062 B000700 0.0
062 C000700 0.0
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 N
066 C000700 N
066 D000700 N
066 E000700 Y
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
<PAGE> PAGE 36
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
070 L020700 N
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 N
070 R020700 N
071 A000700 10815
071 B000700 383
071 C000700 10265
071 D000700 4
072 A000700 8
072 B000700 13
072 C000700 419
072 D000700 0
072 E000700 0
072 F000700 38
072 G000700 67
072 H000700 0
072 I000700 26
072 J000700 2
072 K000700 0
072 L000700 5
072 M000700 7
072 N000700 68
072 O000700 0
072 P000700 0
072 Q000700 0
072 R000700 16
072 S000700 1
072 T000700 0
072 U000700 0
072 V000700 0
072 W000700 5
072 X000700 235
<PAGE> PAGE 37
072 Y000700 166
072 Z000700 363
072AA000700 46
072BB000700 0
072CC010700 2100
072CC020700 0
072DD010700 357
072DD020700 3
072EE000700 41
073 A010700 0.3500
073 A020700 0.3400
073 B000700 0.0400
073 C000700 0.0000
074 A000700 0
074 B000700 3117
074 C000700 0
074 D000700 0
074 E000700 0
074 F000700 12525
074 G000700 0
074 H000700 0
074 I000700 0
074 J000700 0
074 K000700 15
074 L000700 1031
074 M000700 21
074 N000700 16709
074 O000700 0
074 P000700 12
074 Q000700 0
074 R010700 0
074 R020700 0
074 R030700 0
074 R040700 51
074 S000700 0
074 T000700 16646
074 U010700 1320
074 U020700 71
074 V010700 11.96
074 V020700 11.96
074 W000700 0.0000
074 X000700 14
074 Y000700 0
075 A000700 0
075 B000700 11374
076 000700 0.00
SIGNATURE JACQUELINE PORTER
TITLE ASSISTANT TREASURER
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 017
<NAME> PDP INSTITUTIONAL BALANCED PORTFOLIO CLASS X
<MULTIPLIER> 1,000
<S> <C>
<PERIOD-TYPE> YEAR
<FISCAL-YEAR-END> DEC-31-1997
<PERIOD-START> JAN-01-1997
<PERIOD-END> DEC-31-1997
<INVESTMENTS-AT-COST> 28119
<INVESTMENTS-AT-VALUE> 29720
<RECEIVABLES> 982
<ASSETS-OTHER> 120
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 30822
<PAYABLE-FOR-SECURITIES> 836
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 199
<TOTAL-LIABILITIES> 1035
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 27099
<SHARES-COMMON-STOCK> 1455
<SHARES-COMMON-PRIOR> 2047
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 1086
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 1602
<NET-ASSETS> 29787
<DIVIDEND-INCOME> 231
<INTEREST-INCOME> 1056
<OTHER-INCOME> 0
<EXPENSES-NET> (260)
<NET-INVESTMENT-INCOME> 1027
<REALIZED-GAINS-CURRENT> 6827
<APPREC-INCREASE-CURRENT> (1340)
<NET-CHANGE-FROM-OPS> 6514
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (865)
<DISTRIBUTIONS-OF-GAINS> (5505)
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 174
<NUMBER-OF-SHARES-REDEEMED> (1151)
<SHARES-REINVESTED> 386
<NET-CHANGE-IN-ASSETS> (13618)
<ACCUMULATED-NII-PRIOR> 42
<ACCUMULATED-GAINS-PRIOR> 1234
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 201
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 456
<AVERAGE-NET-ASSETS> 36547
<PER-SHARE-NAV-BEGIN> 18.15
<PER-SHARE-NII> 0.54
<PER-SHARE-GAIN-APPREC> 2.70
<PER-SHARE-DIVIDEND> (0.66)
<PER-SHARE-DISTRIBUTIONS> (4.56)
<RETURNS-OF-CAPITAL> 0.00
<PER-SHARE-NAV-END> 16.17
<EXPENSE-RATIO> 0.65
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 018
<NAME> PDP INSTITUTIONAL BALANCED PORTFOLIO CLASS Y
<MULTIPLIER> 1,000
<S> <C>
<PERIOD-TYPE> YEAR
<FISCAL-YEAR-END> DEC-31-1997
<PERIOD-START> JAN-01-1997
<PERIOD-END> DEC-31-1997
<INVESTMENTS-AT-COST> 28119
<INVESTMENTS-AT-VALUE> 29720
<RECEIVABLES> 982
<ASSETS-OTHER> 120
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 30822
<PAYABLE-FOR-SECURITIES> 836
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 199
<TOTAL-LIABILITIES> 1035
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 27099
<SHARES-COMMON-STOCK> 387
<SHARES-COMMON-PRIOR> 662
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 1086
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 1602
<NET-ASSETS> 29787
<DIVIDEND-INCOME> 231
<INTEREST-INCOME> 1056
<OTHER-INCOME> 0
<EXPENSES-NET> (260)
<NET-INVESTMENT-INCOME> 1027
<REALIZED-GAINS-CURRENT> 6827
<APPREC-INCREASE-CURRENT> (1340)
<NET-CHANGE-FROM-OPS> 6514
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (214)
<DISTRIBUTIONS-OF-GAINS> (1467)
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 66
<NUMBER-OF-SHARES-REDEEMED> (443)
<SHARES-REINVESTED> 102
<NET-CHANGE-IN-ASSETS> (5752)
<ACCUMULATED-NII-PRIOR> 42
<ACCUMULATED-GAINS-PRIOR> 1234
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 201
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 456
<AVERAGE-NET-ASSETS> 36547
<PER-SHARE-NAV-BEGIN> 18.15
<PER-SHARE-NII> 0.49
<PER-SHARE-GAIN-APPREC> 2.70
<PER-SHARE-DIVIDEND> (0.60)
<PER-SHARE-DISTRIBUTIONS> (4.56)
<RETURNS-OF-CAPITAL> 0.00
<PER-SHARE-NAV-END> 16.18
<EXPENSE-RATIO> 0.90
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 027
<NAME> PDP INSTITUTIONAL MANAGED BOND PORTFOLIO CLASS X
<MULTIPLIER> 1,000
<S> <C>
<PERIOD-TYPE> YEAR
<FISCAL-YEAR-END> DEC-31-1997
<PERIOD-START> JAN-01-1997
<PERIOD-END> DEC-31-1997
<INVESTMENTS-AT-COST> 76910
<INVESTMENTS-AT-VALUE> 78207
<RECEIVABLES> 1429
<ASSETS-OTHER> 875
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 80511
<PAYABLE-FOR-SECURITIES> 948
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 91
<TOTAL-LIABILITIES> 1039
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 78176
<SHARES-COMMON-STOCK> 2193
<SHARES-COMMON-PRIOR> 2104
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 0
<OVERDISTRIBUTION-GAINS> (1)
<ACCUM-APPREC-OR-DEPREC> 1297
<NET-ASSETS> 79472
<DIVIDEND-INCOME> 362
<INTEREST-INCOME> 5487
<OTHER-INCOME> 0
<EXPENSES-NET> (446)
<NET-INVESTMENT-INCOME> 5403
<REALIZED-GAINS-CURRENT> 3001
<APPREC-INCREASE-CURRENT> (943)
<NET-CHANGE-FROM-OPS> 7461
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (5420)
<DISTRIBUTIONS-OF-GAINS> (2937)
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 483
<NUMBER-OF-SHARES-REDEEMED> (639)
<SHARES-REINVESTED> 245
<NET-CHANGE-IN-ASSETS> 1265
<ACCUMULATED-NII-PRIOR> 34
<ACCUMULATED-GAINS-PRIOR> 302
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 352
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 619
<AVERAGE-NET-ASSETS> 78278
<PER-SHARE-NAV-BEGIN> 33.98
<PER-SHARE-NII> 2.37
<PER-SHARE-GAIN-APPREC> 0.85
<PER-SHARE-DIVIDEND> (2.60)
<PER-SHARE-DISTRIBUTIONS> (1.43)
<RETURNS-OF-CAPITAL> 0.00
<PER-SHARE-NAV-END> 33.17
<EXPENSE-RATIO> 0.55
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 028
<NAME> PDP INSTITUTIONAL MANAGED BOND PORTFOLIO CLASS Y
<MULTIPLIER> 1,000
<S> <C>
<PERIOD-TYPE> YEAR
<FISCAL-YEAR-END> DEC-31-1997
<PERIOD-START> JAN-01-1997
<PERIOD-END> DEC-31-1997
<INVESTMENTS-AT-COST> 76910
<INVESTMENTS-AT-VALUE> 78207
<RECEIVABLES> 1429
<ASSETS-OTHER> 875
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 80511
<PAYABLE-FOR-SECURITIES> 948
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 91
<TOTAL-LIABILITIES> 1039
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 78176
<SHARES-COMMON-STOCK> 203
<SHARES-COMMON-PRIOR> 206
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 0
<OVERDISTRIBUTION-GAINS> (1)
<ACCUM-APPREC-OR-DEPREC> 1297
<NET-ASSETS> 79472
<DIVIDEND-INCOME> 362
<INTEREST-INCOME> 5487
<OTHER-INCOME> 0
<EXPENSES-NET> (446)
<NET-INVESTMENT-INCOME> 5403
<REALIZED-GAINS-CURRENT> 3001
<APPREC-INCREASE-CURRENT> (943)
<NET-CHANGE-FROM-OPS> 7461
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (429)
<DISTRIBUTIONS-OF-GAINS> (262)
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 70
<NUMBER-OF-SHARES-REDEEMED> (94)
<SHARES-REINVESTED> 21
<NET-CHANGE-IN-ASSETS> (285)
<ACCUMULATED-NII-PRIOR> 34
<ACCUMULATED-GAINS-PRIOR> 302
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 352
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 619
<AVERAGE-NET-ASSETS> 78278
<PER-SHARE-NAV-BEGIN> 33.97
<PER-SHARE-NII> 2.27
<PER-SHARE-GAIN-APPREC> 0.88
<PER-SHARE-DIVIDEND> (2.51)
<PER-SHARE-DISTRIBUTIONS> (1.43)
<RETURNS-OF-CAPITAL> 0.00
<PER-SHARE-NAV-END> 33.18
<EXPENSE-RATIO> 0.80
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 037
<NAME> PDP INSTITUTIONAL GROWTH STOCK PORTFOLIO CLASS X
<MULTIPLIER> 1,000
<S> <C>
<PERIOD-TYPE> YEAR
<FISCAL-YEAR-END> DEC-31-1997
<PERIOD-START> JAN-01-1997
<PERIOD-END> DEC-31-1997
<INVESTMENTS-AT-COST> 54794
<INVESTMENTS-AT-VALUE> 62417
<RECEIVABLES> 10185
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 72602
<PAYABLE-FOR-SECURITIES> 127
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 10494
<TOTAL-LIABILITIES> 10621
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 48995
<SHARES-COMMON-STOCK> 1310
<SHARES-COMMON-PRIOR> 1745
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 5363
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 7623
<NET-ASSETS> 61981
<DIVIDEND-INCOME> 882
<INTEREST-INCOME> 270
<OTHER-INCOME> 0
<EXPENSES-NET> (654)
<NET-INVESTMENT-INCOME> 498
<REALIZED-GAINS-CURRENT> 27923
<APPREC-INCREASE-CURRENT> (8684)
<NET-CHANGE-FROM-OPS> 19737
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (475)
<DISTRIBUTIONS-OF-GAINS> (27451)
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 187
<NUMBER-OF-SHARES-REDEEMED> (1382)
<SHARES-REINVESTED> 761
<NET-CHANGE-IN-ASSETS> (38389)
<ACCUMULATED-NII-PRIOR> 67
<ACCUMULATED-GAINS-PRIOR> 13414
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 515
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 797
<AVERAGE-NET-ASSETS> 85910
<PER-SHARE-NAV-BEGIN> 47.42
<PER-SHARE-NII> 0.31
<PER-SHARE-GAIN-APPREC> 10.60
<PER-SHARE-DIVIDEND> (0.41)
<PER-SHARE-DISTRIBUTIONS> (24.07)
<RETURNS-OF-CAPITAL> 0.00
<PER-SHARE-NAV-END> 33.85
<EXPENSE-RATIO> 0.70
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 038
<NAME> PDP INSTITUTIONAL GROWTH STOCK PORTFOLIO CLASS Y
<MULTIPLIER> 1,000
<S> <C>
<PERIOD-TYPE> YEAR
<FISCAL-YEAR-END> DEC-31-1997
<PERIOD-START> JAN-01-1997
<PERIOD-END> DEC-31-1997
<INVESTMENTS-AT-COST> 54794
<INVESTMENTS-AT-VALUE> 62417
<RECEIVABLES> 10185
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 72602
<PAYABLE-FOR-SECURITIES> 127
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 10494
<TOTAL-LIABILITIES> 10621
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 48995
<SHARES-COMMON-STOCK> 521
<SHARES-COMMON-PRIOR> 484
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 5363
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 7623
<NET-ASSETS> 61981
<DIVIDEND-INCOME> 882
<INTEREST-INCOME> 270
<OTHER-INCOME> 0
<EXPENSES-NET> (654)
<NET-INVESTMENT-INCOME> 498
<REALIZED-GAINS-CURRENT> 27923
<APPREC-INCREASE-CURRENT> (8684)
<NET-CHANGE-FROM-OPS> 19737
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (115)
<DISTRIBUTIONS-OF-GAINS> (8523)
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 34
<NUMBER-OF-SHARES-REDEEMED> (234)
<SHARES-REINVESTED> 236
<NET-CHANGE-IN-ASSETS> (5346)
<ACCUMULATED-NII-PRIOR> 67
<ACCUMULATED-GAINS-PRIOR> 13414
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 515
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 797
<AVERAGE-NET-ASSETS> 85910
<PER-SHARE-NAV-BEGIN> 47.43
<PER-SHARE-NII> 0.18
<PER-SHARE-GAIN-APPREC> 10.59
<PER-SHARE-DIVIDEND> (0.32)
<PER-SHARE-DISTRIBUTIONS> (24.02)
<RETURNS-OF-CAPITAL> 0.00
<PER-SHARE-NAV-END> 33.86
<EXPENSE-RATIO> 0.95
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 047
<NAME> PDP INSTITUTIONAL MONEY MARKET PORTFOLIO CL X
<MULTIPLIER> 1,000
<S> <C>
<PERIOD-TYPE> YEAR
<FISCAL-YEAR-END> DEC-31-1997
<PERIOD-START> JAN-01-1997
<PERIOD-END> DEC-31-1997
<INVESTMENTS-AT-COST> 10959
<INVESTMENTS-AT-VALUE> 10959
<RECEIVABLES> 220
<ASSETS-OTHER> 9
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 11188
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 1338
<TOTAL-LIABILITIES> 1338
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 9850
<SHARES-COMMON-STOCK> 8129
<SHARES-COMMON-PRIOR> 15182
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 0
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 0
<NET-ASSETS> 9850
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 647
<OTHER-INCOME> 0
<EXPENSES-NET> (45)
<NET-INVESTMENT-INCOME> 602
<REALIZED-GAINS-CURRENT> 0
<APPREC-INCREASE-CURRENT> 0
<NET-CHANGE-FROM-OPS> 602
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (518)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 13237
<NUMBER-OF-SHARES-REDEEMED> (20795)
<SHARES-REINVESTED> 504
<NET-CHANGE-IN-ASSETS> (7053)
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 29
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 208
<AVERAGE-NET-ASSETS> 11660
<PER-SHARE-NAV-BEGIN> 1.00
<PER-SHARE-NII> 0.052
<PER-SHARE-GAIN-APPREC> 0.00
<PER-SHARE-DIVIDEND> (0.052)
<PER-SHARE-DISTRIBUTIONS> 0.00
<RETURNS-OF-CAPITAL> 0.00
<PER-SHARE-NAV-END> 1.00
<EXPENSE-RATIO> 0.35
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 048
<NAME> PDP INSTITUTIONAL MONEY MARKET PORTFOLIO CL Y
<MULTIPLIER> 1,000
<S> <C>
<PERIOD-TYPE> YEAR
<FISCAL-YEAR-END> DEC-31-1997
<PERIOD-START> JAN-01-1997
<PERIOD-END> DEC-31-1997
<INVESTMENTS-AT-COST> 10959
<INVESTMENTS-AT-VALUE> 10959
<RECEIVABLES> 220
<ASSETS-OTHER> 9
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 11188
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 1338
<TOTAL-LIABILITIES> 1338
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 9850
<SHARES-COMMON-STOCK> 1721
<SHARES-COMMON-PRIOR> 2130
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 0
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 0
<NET-ASSETS> 9850
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 647
<OTHER-INCOME> 0
<EXPENSES-NET> (45)
<NET-INVESTMENT-INCOME> 602
<REALIZED-GAINS-CURRENT> 0
<APPREC-INCREASE-CURRENT> 0
<NET-CHANGE-FROM-OPS> 602
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (84)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 1448
<NUMBER-OF-SHARES-REDEEMED> (1940)
<SHARES-REINVESTED> 83
<NET-CHANGE-IN-ASSETS> (408)
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 29
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 208
<AVERAGE-NET-ASSETS> 11660
<PER-SHARE-NAV-BEGIN> 1.00
<PER-SHARE-NII> 0.05
<PER-SHARE-GAIN-APPREC> 0.00
<PER-SHARE-DIVIDEND> (0.05)
<PER-SHARE-DISTRIBUTIONS> 0.00
<RETURNS-OF-CAPITAL> 0.00
<PER-SHARE-NAV-END> 1.00
<EXPENSE-RATIO> 0.60
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 057
<NAME> PDP INSTITUTIONAL U.S. GOVERNMENT SECURITIES PORTFOLIO CL X
<MULTIPLIER> 1,000
<S> <C>
<PERIOD-TYPE> YEAR
<FISCAL-YEAR-END> DEC-31-1997
<PERIOD-START> JAN-01-1997
<PERIOD-END> DEC-31-1997
<INVESTMENTS-AT-COST> 8320
<INVESTMENTS-AT-VALUE> 8400
<RECEIVABLES> 96
<ASSETS-OTHER> 15
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 8511
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 60
<TOTAL-LIABILITIES> 60
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 8569
<SHARES-COMMON-STOCK> 334
<SHARES-COMMON-PRIOR> 360
<ACCUMULATED-NII-CURRENT> 4
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 0
<OVERDISTRIBUTION-GAINS> (202)
<ACCUM-APPREC-OR-DEPREC> 80
<NET-ASSETS> 8451
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 471
<OTHER-INCOME> 0
<EXPENSES-NET> (45)
<NET-INVESTMENT-INCOME> 426
<REALIZED-GAINS-CURRENT> 76
<APPREC-INCREASE-CURRENT> 50
<NET-CHANGE-FROM-OPS> 552
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (237)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 113
<NUMBER-OF-SHARES-REDEEMED> (157)
<SHARES-REINVESTED> 18
<NET-CHANGE-IN-ASSETS> (302)
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> (243)
<GROSS-ADVISORY-FEES> 25
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 236
<AVERAGE-NET-ASSETS> 8447
<PER-SHARE-NAV-BEGIN> 13.15
<PER-SHARE-NII> 0.69
<PER-SHARE-GAIN-APPREC> 0.18
<PER-SHARE-DIVIDEND> (0.76)
<PER-SHARE-DISTRIBUTIONS> 0.00
<RETURNS-OF-CAPITAL> 0.00
<PER-SHARE-NAV-END> 13.26
<EXPENSE-RATIO> 0.40
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 058
<NAME> PDP INSTITUTIONAL U.S. GOVERNMENT SECURITIES PORTFOLIO CL Y
<MULTIPLIER> 1,000
<S> <C>
<PERIOD-TYPE> YEAR
<FISCAL-YEAR-END> DEC-31-1997
<PERIOD-START> JAN-01-1997
<PERIOD-END> DEC-31-1997
<INVESTMENTS-AT-COST> 8320
<INVESTMENTS-AT-VALUE> 8400
<RECEIVABLES> 96
<ASSETS-OTHER> 15
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 8511
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 60
<TOTAL-LIABILITIES> 60
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 8569
<SHARES-COMMON-STOCK> 303
<SHARES-COMMON-PRIOR> 272
<ACCUMULATED-NII-CURRENT> 4
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 0
<OVERDISTRIBUTION-GAINS> (202)
<ACCUM-APPREC-OR-DEPREC> 80
<NET-ASSETS> 8451
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 471
<OTHER-INCOME> 0
<EXPENSES-NET> (45)
<NET-INVESTMENT-INCOME> 426
<REALIZED-GAINS-CURRENT> 76
<APPREC-INCREASE-CURRENT> 50
<NET-CHANGE-FROM-OPS> 552
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (232)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 146
<NUMBER-OF-SHARES-REDEEMED> (133)
<SHARES-REINVESTED> 18
<NET-CHANGE-IN-ASSETS> 441
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> (243)
<GROSS-ADVISORY-FEES> 25
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 236
<AVERAGE-NET-ASSETS> 8447
<PER-SHARE-NAV-BEGIN> 13.14
<PER-SHARE-NII> 0.65
<PER-SHARE-GAIN-APPREC> 0.19
<PER-SHARE-DIVIDEND> (0.73)
<PER-SHARE-DISTRIBUTIONS> 0.00
<RETURNS-OF-CAPITAL> 0.00
<PER-SHARE-NAV-END> 13.25
<EXPENSE-RATIO> 0.65
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 067
<NAME> PDP INSTITUTIONAL ENHANCED RESERVES PORTFOLIO CLASS X
<MULTIPLIER> 1,000
<S> <C>
<PERIOD-TYPE> YEAR
<FISCAL-YEAR-END> DEC-31-1997
<PERIOD-START> JAN-01-1997
<PERIOD-END> DEC-31-1997
<INVESTMENTS-AT-COST> 75742
<INVESTMENTS-AT-VALUE> 75853
<RECEIVABLES> 2543
<ASSETS-OTHER> 1041
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 79437
<PAYABLE-FOR-SECURITIES> 2001
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 153
<TOTAL-LIABILITIES> 2154
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 77579
<SHARES-COMMON-STOCK> 7565
<SHARES-COMMON-PRIOR> 12259
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> (43)
<ACCUMULATED-NET-GAINS> 0
<OVERDISTRIBUTION-GAINS> (364)
<ACCUM-APPREC-OR-DEPREC> 111
<NET-ASSETS> 77283
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 5447
<OTHER-INCOME> 0
<EXPENSES-NET> (305)
<NET-INVESTMENT-INCOME> 5142
<REALIZED-GAINS-CURRENT> (16)
<APPREC-INCREASE-CURRENT> (108)
<NET-CHANGE-FROM-OPS> 5018
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (5018)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 21170
<NUMBER-OF-SHARES-REDEEMED> (26359)
<SHARES-REINVESTED> 496
<NET-CHANGE-IN-ASSETS> (46741)
<ACCUMULATED-NII-PRIOR> 13
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> (398)
<GROSS-ADVISORY-FEES> 212
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 441
<AVERAGE-NET-ASSETS> 88152
<PER-SHARE-NAV-BEGIN> 9.95
<PER-SHARE-NII> 0.58
<PER-SHARE-GAIN-APPREC> 0.00
<PER-SHARE-DIVIDEND> (0.58)
<PER-SHARE-DISTRIBUTIONS> 0.00
<RETURNS-OF-CAPITAL> 0.00
<PER-SHARE-NAV-END> 9.95
<EXPENSE-RATIO> 0.34
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 068
<NAME> PDP INSTITUTIONAL ENHANCED RESERVES PORTFOLIO CLASS Y
<MULTIPLIER> 1,000
<S> <C>
<PERIOD-TYPE> YEAR
<FISCAL-YEAR-END> DEC-31-1997
<PERIOD-START> JAN-01-1997
<PERIOD-END> DEC-31-1997
<INVESTMENTS-AT-COST> 75742
<INVESTMENTS-AT-VALUE> 75853
<RECEIVABLES> 2543
<ASSETS-OTHER> 1041
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 79437
<PAYABLE-FOR-SECURITIES> 2001
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 153
<TOTAL-LIABILITIES> 2154
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 77579
<SHARES-COMMON-STOCK> 203
<SHARES-COMMON-PRIOR> 151
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> (43)
<ACCUMULATED-NET-GAINS> 0
<OVERDISTRIBUTION-GAINS> (364)
<ACCUM-APPREC-OR-DEPREC> 111
<NET-ASSETS> 77283
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 5447
<OTHER-INCOME> 0
<EXPENSES-NET> (305)
<NET-INVESTMENT-INCOME> 5142
<REALIZED-GAINS-CURRENT> (16)
<APPREC-INCREASE-CURRENT> (108)
<NET-CHANGE-FROM-OPS> 5018
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (114)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 71
<NUMBER-OF-SHARES-REDEEMED> (28)
<SHARES-REINVESTED> 9
<NET-CHANGE-IN-ASSETS> 510
<ACCUMULATED-NII-PRIOR> 13
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> (398)
<GROSS-ADVISORY-FEES> 212
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 441
<AVERAGE-NET-ASSETS> 88152
<PER-SHARE-NAV-BEGIN> 9.95
<PER-SHARE-NII> 0.56
<PER-SHARE-GAIN-APPREC> 0.00
<PER-SHARE-DIVIDEND> (0.56)
<PER-SHARE-DISTRIBUTIONS> 0.00
<RETURNS-OF-CAPITAL> 0.00
<PER-SHARE-NAV-END> 9.95
<EXPENSE-RATIO> 0.59
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 077
<NAME> PDP INSTITUTIONAL REAL ESTATE EQUITY SEC. PORTFOLIO CLASS X
<MULTIPLIER> 1,000
<S> <C>
<PERIOD-TYPE> 8-MOS
<FISCAL-YEAR-END> DEC-31-1997
<PERIOD-START> MAY-01-1997
<PERIOD-END> DEC-31-1997
<INVESTMENTS-AT-COST> 13542
<INVESTMENTS-AT-VALUE> 15642
<RECEIVABLES> 1046
<ASSETS-OTHER> 21
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 16709
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 63
<TOTAL-LIABILITIES> 63
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 14496
<SHARES-COMMON-STOCK> 1320
<SHARES-COMMON-PRIOR> 0
<ACCUMULATED-NII-CURRENT> 45
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 5
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 2100
<NET-ASSETS> 16646
<DIVIDEND-INCOME> 419
<INTEREST-INCOME> 13
<OTHER-INCOME> 0
<EXPENSES-NET> (69)
<NET-INVESTMENT-INCOME> 363
<REALIZED-GAINS-CURRENT> 46
<APPREC-INCREASE-CURRENT> 2100
<NET-CHANGE-FROM-OPS> 2509
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (357)
<DISTRIBUTIONS-OF-GAINS> (41)
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 1286
<NUMBER-OF-SHARES-REDEEMED> 0
<SHARES-REINVESTED> 34
<NET-CHANGE-IN-ASSETS> 15791
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 38
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 235
<AVERAGE-NET-ASSETS> 11374
<PER-SHARE-NAV-BEGIN> 10.00
<PER-SHARE-NII> 0.39
<PER-SHARE-GAIN-APPREC> 1.96
<PER-SHARE-DIVIDEND> (0.35)
<PER-SHARE-DISTRIBUTIONS> (0.04)
<RETURNS-OF-CAPITAL> 0.00
<PER-SHARE-NAV-END> 11.96
<EXPENSE-RATIO> 0.90
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 078
<NAME> PDP INSTITUTIONAL REAL ESTATE EQUITY SEC. PORTFOLIO CLASS Y
<MULTIPLIER> 1,000
<S> <C>
<PERIOD-TYPE> 8-MOS
<FISCAL-YEAR-END> DEC-31-1997
<PERIOD-START> MAY-01-1997
<PERIOD-END> DEC-31-1997
<INVESTMENTS-AT-COST> 13542
<INVESTMENTS-AT-VALUE> 15642
<RECEIVABLES> 1046
<ASSETS-OTHER> 21
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 16709
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 63
<TOTAL-LIABILITIES> 63
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 14496
<SHARES-COMMON-STOCK> 71
<SHARES-COMMON-PRIOR> 0
<ACCUMULATED-NII-CURRENT> 45
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 5
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 2100
<NET-ASSETS> 16646
<DIVIDEND-INCOME> 419
<INTEREST-INCOME> 13
<OTHER-INCOME> 0
<EXPENSES-NET> (69)
<NET-INVESTMENT-INCOME> 363
<REALIZED-GAINS-CURRENT> 46
<APPREC-INCREASE-CURRENT> 2100
<NET-CHANGE-FROM-OPS> 2509
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (3)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 71
<NUMBER-OF-SHARES-REDEEMED> 0
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> 855
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 38
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 235
<AVERAGE-NET-ASSETS> 11374
<PER-SHARE-NAV-BEGIN> 10.00
<PER-SHARE-NII> 0.34
<PER-SHARE-GAIN-APPREC> 2.00
<PER-SHARE-DIVIDEND> (0.34)
<PER-SHARE-DISTRIBUTIONS> (0.04)
<RETURNS-OF-CAPITAL> 0.00
<PER-SHARE-NAV-END> 11.96
<EXPENSE-RATIO> 1.15
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>