PBHG INSURANCE SERIES FUND INC
NSAR-A, EX-27, 2000-08-24
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<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0001029526
<NAME> PBHG INSURANCE
<SERIES>
   <NUMBER> 040
   <NAME> SMALL CAP VALUE PORFOLIO
<MULTIPLIER> 1000

<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>                           114032
<INVESTMENTS-AT-VALUE>                          123440
<RECEIVABLES>                                     8142
<ASSETS-OTHER>                                       0
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                                  131582
<PAYABLE-FOR-SECURITIES>                         16493
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                           98
<TOTAL-LIABILITIES>                              16591
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                         88958
<SHARES-COMMON-STOCK>                             6586
<SHARES-COMMON-PRIOR>                             3230
<ACCUMULATED-NII-CURRENT>                            0
<OVERDISTRIBUTION-NII>                             (2)
<ACCUMULATED-NET-GAINS>                          16627
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                          9408
<NET-ASSETS>                                    114991
<DIVIDEND-INCOME>                                  216
<INTEREST-INCOME>                                  171
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                   (389)
<NET-INVESTMENT-INCOME>                            (2)
<REALIZED-GAINS-CURRENT>                         12571
<APPREC-INCREASE-CURRENT>                         4235
<NET-CHANGE-FROM-OPS>                            16804
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                            0
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                           4676
<NUMBER-OF-SHARES-REDEEMED>                     (1320)
<SHARES-REINVESTED>                                  0
<NET-CHANGE-IN-ASSETS>                           71507
<ACCUMULATED-NII-PRIOR>                              0
<ACCUMULATED-GAINS-PRIOR>                         4056
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                              324
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                    395
<AVERAGE-NET-ASSETS>                             65231
<PER-SHARE-NAV-BEGIN>                            13.46
<PER-SHARE-NII>                                 (0.02)
<PER-SHARE-GAIN-APPREC>                           4.02
<PER-SHARE-DIVIDEND>                              0.00
<PER-SHARE-DISTRIBUTIONS>                         0.00
<RETURNS-OF-CAPITAL>                              0.00
<PER-SHARE-NAV-END>                              17.46
<EXPENSE-RATIO>                                   1.20


</TABLE>


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