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001 A000000 FLOATING RATE PORTFOLIO
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<PAGE> PAGE 2
015 A000001 STATE STREET BANK & TRUST COMPANY
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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 6
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<PAGE> PAGE 7
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SIGNATURE PAMELA RUDDOCK
TITLE ASSISTANT TREASURER
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE FUND'S
SEMI ANNUAL FINANCIAL STATEMENTS AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE
TO SUCH FINANCIAL STATEMENTS
</LEGEND>
<CIK> 0001036083
<NAME> FLOATING RATE PORTFOLIO
<MULTIPLIER> 1000
<S> <C>
<PERIOD-TYPE> 2-MOS
<FISCAL-YEAR-END> DEC-31-1997
<PERIOD-START> MAY-01-1997
<PERIOD-END> JUN-30-1997
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<INVESTMENTS-AT-VALUE> 78766
<RECEIVABLES> 946
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<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 79806
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<SENIOR-LONG-TERM-DEBT> 0
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<TOTAL-LIABILITIES> 194
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 78773
<SHARES-COMMON-STOCK> 0
<SHARES-COMMON-PRIOR> 0
<ACCUMULATED-NII-CURRENT> 851
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<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> (13)
<NET-ASSETS> 79612
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<INTEREST-INCOME> 966
<OTHER-INCOME> (8)
<EXPENSES-NET> (107)
<NET-INVESTMENT-INCOME> 851
<REALIZED-GAINS-CURRENT> 1
<APPREC-INCREASE-CURRENT> (13)
<NET-CHANGE-FROM-OPS> 839
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<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
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</TABLE>
