<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0001036593
<NAME> HOTCHKIS & WILEY VARIABLE TRUST
<SERIES>
<NUMBER> 1
<NAME> EQUITY INCOME VIP PORTFOLIO
<MULTIPLIER> 1
<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> 1,144,846
<INVESTMENTS-AT-VALUE> 872,743
<RECEIVABLES> 6,319
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 11,987
<TOTAL-ASSETS> 891049
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 19,946
<TOTAL-LIABILITIES> 19,946
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 1,109,575
<SHARES-COMMON-STOCK> 111,803
<SHARES-COMMON-PRIOR> 110,139
<ACCUMULATED-NII-CURRENT> 503
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 33,128
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> (272,103)
<NET-ASSETS> 871,103
<DIVIDEND-INCOME> 16,034
<INTEREST-INCOME> 399
<OTHER-INCOME> 0
<EXPENSES-NET> 5,192
<NET-INVESTMENT-INCOME> 11,241
<REALIZED-GAINS-CURRENT> 2,579
<APPREC-INCREASE-CURRENT> (114,868)
<NET-CHANGE-FROM-OPS> (101,048)
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (13,234)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 0
<NUMBER-OF-SHARES-REDEEMED> (1)
<SHARES-REINVESTED> 1,665
<NET-CHANGE-IN-ASSETS> (101,057)
<ACCUMULATED-NII-PRIOR> 2,494
<ACCUMULATED-GAINS-PRIOR> 30,550
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 3,386
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 30,231
<AVERAGE-NET-ASSETS> 904,892
<PER-SHARE-NAV-BEGIN> 8.83
<PER-SHARE-NII> 0.10
<PER-SHARE-GAIN-APPREC> (1.02)
<PER-SHARE-DIVIDEND> (0.12)
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 7.79
<EXPENSE-RATIO> 1.15
</TABLE>
