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<PAGE> PAGE 2
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<PAGE> PAGE 3
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<PAGE> PAGE 4
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<PAGE> PAGE 5
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<PAGE> PAGE 7
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<PAGE> PAGE 8
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<PAGE> PAGE 10
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<PAGE> PAGE 11
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<PAGE> PAGE 13
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SIGNATURE WILLIAM E. VASTARDIS
TITLE SENIOR VP
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
This schedule contains summary financial
information extracted from Harding Loevner
financial statements at April 30, 1999
and is qualified in its entirety by reference
to such financial statements.
</LEGEND>
<SERIES>
<NUMBER> 1
<NAME> International Equity Portfolio
<S> <C>
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</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
This schedule contains summary financial
information extracted from Harding Loevner
financial statements at April 30, 1999
and is qualified in its entirety by reference
to such financial statements.
</LEGEND>
<SERIES>
<NUMBER> 2
<NAME> Global Equity Portfolio
<S> <C>
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<PERIOD-END> APR-30-1999
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<INVESTMENTS-AT-VALUE> 26,293,760
<RECEIVABLES> 104,860
<ASSETS-OTHER> 43,702
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 26,442,322
<PAYABLE-FOR-SECURITIES> 247,568
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 54,058
<TOTAL-LIABILITIES> 301,626
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 22,112,529
<SHARES-COMMON-STOCK> 1,383,632
<SHARES-COMMON-PRIOR> 1,903,641
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 208,752
<ACCUMULATED-NET-GAINS> 0
<OVERDISTRIBUTION-GAINS> 750,945
<ACCUM-APPREC-OR-DEPREC> 4,987,864
<NET-ASSETS> 26,140,696
<DIVIDEND-INCOME> 188,078
<INTEREST-INCOME> 32,440
<OTHER-INCOME> 0
<EXPENSES-NET> 168,964
<NET-INVESTMENT-INCOME> 51,554
<REALIZED-GAINS-CURRENT> (8,325)
<APPREC-INCREASE-CURRENT> 4,133,735
<NET-CHANGE-FROM-OPS> 4,176,964
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 1,217
<NUMBER-OF-SHARES-REDEEMED> 521,226
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> (4,622,800)
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 260,306
<OVERDIST-NET-GAINS-PRIOR> 742,620
<GROSS-ADVISORY-FEES> 135,171
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 206,215
<AVERAGE-NET-ASSETS> 27,232,672
<PER-SHARE-NAV-BEGIN> 16.16
<PER-SHARE-NII> 0.03
<PER-SHARE-GAIN-APPREC> 2.70
<PER-SHARE-DIVIDEND> 0.00
<PER-SHARE-DISTRIBUTIONS> 0.00
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 18.89
<EXPENSE-RATIO> 1.25
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
This schedule contains summary financial
information extracted from Harding Loevner
financial statements at April 30, 1999
and is qualified in its entirety by reference
to such financial statements.
</LEGEND>
<SERIES>
<NUMBER> 3
<NAME> Multi-Asset Global Portfolio
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> NOV-30-1999
<PERIOD-END> APR-30-1999
<INVESTMENTS-AT-COST> 6,105,280
<INVESTMENTS-AT-VALUE> 6,892,059
<RECEIVABLES> 55,900
<ASSETS-OTHER> 9,969
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 6,957,928
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 324,020
<TOTAL-LIABILITIES> 324,020
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 5,726,615
<SHARES-COMMON-STOCK> 550,262
<SHARES-COMMON-PRIOR> 554,503
<ACCUMULATED-NII-CURRENT> 38,008
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 83,287
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 785,998
<NET-ASSETS> 6,633,908
<DIVIDEND-INCOME> 37,842
<INTEREST-INCOME> 84,118
<OTHER-INCOME> 0
<EXPENSES-NET> 40,468
<NET-INVESTMENT-INCOME> 81,492
<REALIZED-GAINS-CURRENT> 84,909
<APPREC-INCREASE-CURRENT> 461,826
<NET-CHANGE-FROM-OPS> 628,227
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 168,496
<DISTRIBUTIONS-OF-GAINS> 85,013
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 23,159
<NUMBER-OF-SHARES-REDEEMED> 49,281
<SHARES-REINVESTED> 21,881
<NET-CHANGE-IN-ASSETS> 306,687
<ACCUMULATED-NII-PRIOR> 125,012
<ACCUMULATED-GAINS-PRIOR> 83,391
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 32,375
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 61,609
<AVERAGE-NET-ASSETS> 6,531,931
<PER-SHARE-NAV-BEGIN> 11.41
<PER-SHARE-NII> 0.14
<PER-SHARE-GAIN-APPREC> 0.96
<PER-SHARE-DIVIDEND> 0.30
<PER-SHARE-DISTRIBUTIONS> 0.15
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 12.06
<EXPENSE-RATIO> 1.25
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
This schedule contains summary financial
information extracted from Harding Loevner
financial statements at April 30, 1999
and is qualified in its entirety by reference
to such financial statements.
</LEGEND>
<SERIES>
<NUMBER> 4
<NAME> Emerging Markets Portfolio
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> NOV-30-1999
<PERIOD-END> APR-30-1999
<INVESTMENTS-AT-COST> 1,126,485
<INVESTMENTS-AT-VALUE> 1,327,622
<RECEIVABLES> 38,077
<ASSETS-OTHER> 4,343
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 1,370,042
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 48,998
<TOTAL-LIABILITIES> 48,998
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 1,114,829
<SHARES-COMMON-STOCK> 111,329
<SHARES-COMMON-PRIOR> 0
<ACCUMULATED-NII-CURRENT> 2,611
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 2,541
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 201,063
<NET-ASSETS> 1,321,044
<DIVIDEND-INCOME> 10,031
<INTEREST-INCOME> 1,305
<OTHER-INCOME> 0
<EXPENSES-NET> 8,725
<NET-INVESTMENT-INCOME> 2,611
<REALIZED-GAINS-CURRENT> 2,541
<APPREC-INCREASE-CURRENT> 201,063
<NET-CHANGE-FROM-OPS> 206,215
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 111,329
<NUMBER-OF-SHARES-REDEEMED> 0
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> 1,321,044
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 6,213
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 29,521
<AVERAGE-NET-ASSETS> 1,054,862
<PER-SHARE-NAV-BEGIN> 10.00
<PER-SHARE-NII> 0.03
<PER-SHARE-GAIN-APPREC> 1.84
<PER-SHARE-DIVIDEND> 0.00
<PER-SHARE-DISTRIBUTIONS> 0.00
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 11.87
<EXPENSE-RATIO> 1.75
</TABLE>
