ASSET ALLOCATION PORTFOLIOS
NSAR-B, EX-27.1, 2001-01-02
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<TABLE> <S> <C>


<ARTICLE> 6
<CIK> 0001005109
<NAME> HIGH YIELD BOND PORTFOLIO
<SERIES>
   <NUMBER>012
   <NAME>ASSET ALLOCATION PORTFOLIOS

<S>                             <C>
<PERIOD-TYPE>                  year
<FISCAL-YEAR-END>                            OCT-31-2000
<PERIOD-END>                                 OCT-31-2000
<INVESTMENTS-AT-COST>                         5,465,354
<INVESTMENTS-AT-VALUE>                        4,091,132
<RECEIVABLES>                                   132,657
<ASSETS-OTHER>                                        0
<OTHER-ITEMS-ASSETS>                                  0
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<PAYABLE-FOR-SECURITIES>                              0
<SENIOR-LONG-TERM-DEBT>                               0
<OTHER-ITEMS-LIABILITIES>                             0
<TOTAL-LIABILITIES>                                   0
<SENIOR-EQUITY>                                       0
<PAID-IN-CAPITAL-COMMON>                      3,978,458
<SHARES-COMMON-STOCK>                                 0
<SHARES-COMMON-PRIOR>                                 0
<ACCUMULATED-NII-CURRENT>                             0
<OVERDISTRIBUTION-NII>                                0
<ACCUMULATED-NET-GAINS>                               0
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<DIVIDEND-INCOME>                                     0
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<OTHER-INCOME>                                        0
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<REALIZED-GAINS-CURRENT>                     (5,994,878)
<APPREC-INCREASE-CURRENT>                     6,520,040
<NET-CHANGE-FROM-OPS>                         5,969,357
<EQUALIZATION>                                        0
<DISTRIBUTIONS-OF-INCOME>                             0
<DISTRIBUTIONS-OF-GAINS>                              0
<DISTRIBUTIONS-OTHER>                                 0
<NUMBER-OF-SHARES-SOLD>                         476,753
<NUMBER-OF-SHARES-REDEEMED>                 (82,620,209)
<SHARES-REINVESTED>                                   0
<NET-CHANGE-IN-ASSETS>                      (76,174,099)
<ACCUMULATED-NII-PRIOR>                               0
<ACCUMULATED-GAINS-PRIOR>                             0
<OVERDISTRIB-NII-PRIOR>                               0
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<GROSS-ADVISORY-FEES>                           342,424
<INTEREST-EXPENSE>                                    0
<GROSS-EXPENSE>                                 450,959
<AVERAGE-NET-ASSETS>                         52,680,518
<PER-SHARE-NAV-BEGIN>                              0.00
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<PER-SHARE-NAV-END>                                0.00
<EXPENSE-RATIO>                                    0.70


</TABLE>


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