WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
This schedule contains summary financial information extracted from the
semi-annual report dated June 30, 2000 and is qualified in its
entirety by reference to such financial statements.
</LEGEND>
<SERIES>
<NUMBER> 022
<NAME> HIGH YIELD BOND PORTFOLIO-ADMINISTRATIVE CLASS
<MULTIPLIER> 1,000
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> DEC-31-2000
<PERIOD-END> JUN-30-2000
<INVESTMENTS-AT-COST> 163684
<INVESTMENTS-AT-VALUE> 151364
<RECEIVABLES> 3363
<ASSETS-OTHER> 4
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 154731
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 105
<TOTAL-LIABILITIES> 105
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 169310
<SHARES-COMMON-STOCK> 17783
<SHARES-COMMON-PRIOR> 0
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 0
<OVERDISTRIBUTION-GAINS> 2364
<ACCUM-APPREC-OR-DEPREC> (12320)
<NET-ASSETS> 154626
<DIVIDEND-INCOME> 60
<INTEREST-INCOME> 7097
<OTHER-INCOME> 0
<EXPENSES-NET> 554
<NET-INVESTMENT-INCOME> 6603
<REALIZED-GAINS-CURRENT> (1291)
<APPREC-INCREASE-CURRENT> (6721)
<NET-CHANGE-FROM-OPS> (1409)
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 6603
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 5017
<NUMBER-OF-SHARES-REDEEMED> 4439
<SHARES-REINVESTED> 751
<ISSUED-IN-REORGANIZATION> 0
<FUND-REIMBURSEMENT-FEE> 0
<NET-CHANGE-IN-ASSETS> 3606
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 273
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 555
<AVERAGE-NET-ASSETS> 147523
<PER-SHARE-NAV-BEGIN> 9.18
<PER-SHARE-NII> 0.40
<PER-SHARE-GAIN-APPREC> 0.00
<PER-SHARE-DIVIDEND> (0.40)
<PER-SHARE-DISTRIBUTIONS> (0.40)
<PER-SHARE-FUND-REIMBURSEMENT-FEE> 0.00
<PER-SHARE-NAV-END> 8.70
<EXPENSE-RATIO> 0.75
</TABLE>
