<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 005
<NAME> U.S. GOVERNMENT NEAR TERM PORTFOLIO
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> DEC-31-2000
<PERIOD-END> JUN-30-2000
<INVESTMENTS-AT-COST> 49,632,138
<INVESTMENTS-AT-VALUE> 48,956,493
<RECEIVABLES> 716,849
<ASSETS-OTHER> 11,182
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 49,684,524
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 1,785,461
<TOTAL-LIABILITIES> 1,785,461
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 48,574,708
<SHARES-COMMON-STOCK> 0
<SHARES-COMMON-PRIOR> 0
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 0
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> (675,645)
<NET-ASSETS> 47,899,063
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 1,371,261
<OTHER-INCOME> 0
<EXPENSES-NET> 152,723
<NET-INVESTMENT-INCOME> 1,218,538
<REALIZED-GAINS-CURRENT> (178,744)
<APPREC-INCREASE-CURRENT> 35,262
<NET-CHANGE-FROM-OPS> 1,075,056
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 0
<NUMBER-OF-SHARES-REDEEMED> 0
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> (5,063,969)
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 94,115
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 160,245
<AVERAGE-NET-ASSETS> 45,973,670
<PER-SHARE-NAV-BEGIN> 0
<PER-SHARE-NII> 0
<PER-SHARE-GAIN-APPREC> 0
<PER-SHARE-DIVIDEND> 0
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 0
<EXPENSE-RATIO> 0.72
</TABLE>
