<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0001011378
<NAME> THE UNIVERSAL INSTITUTIONAL FUNDS, INC.
<SERIES>
<NUMBER> 02
<NAME> FIXED INCOME PORTFOLIO
<MULTIPLIER> 1,000
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> DEC-31-2000
<PERIOD-START> JAN-01-2000
<PERIOD-END> JUN-30-2000
<INVESTMENTS-AT-COST> 114,819
<INVESTMENTS-AT-VALUE> 113,381
<RECEIVABLES> 1,727
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 45
<TOTAL-ASSETS> 115,153
<PAYABLE-FOR-SECURITIES> 33,850
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 192
<TOTAL-LIABILITIES> 34,042
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 82,184
<SHARES-COMMON-STOCK> 7,817
<SHARES-COMMON-PRIOR> 6,949
<ACCUMULATED-NII-CURRENT> 2,501
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (1,700)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> (1,874)
<NET-ASSETS> 81,111
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 2,764
<OTHER-INCOME> 0
<EXPENSES-NET> 263
<NET-INVESTMENT-INCOME> 2,501
<REALIZED-GAINS-CURRENT> (389)
<APPREC-INCREASE-CURRENT> 370
<NET-CHANGE-FROM-OPS> 2,482
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 1,329
<NUMBER-OF-SHARES-REDEEMED> (461)
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> 11,246
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 150
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 309
<AVERAGE-NET-ASSETS> 75,745
<PER-SHARE-NAV-BEGIN> 10.05
<PER-SHARE-NII> 0.32
<PER-SHARE-GAIN-APPREC> 0.01
<PER-SHARE-DIVIDEND> 0
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 10.38
<EXPENSE-RATIO> 0.70
</TABLE>