<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
This schedule contains summary financial
information extracted from Vantagepoint Funds
financial statements at June 30, 2000
and is qualified in its entirety by reference
to such financial statements.
</LEGEND>
<SERIES>
<NUMBER> 122
<NAME> Mid/Small Company Index Fund Class II
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> DEC-31-1999
<PERIOD-END> JUN-30-2000
<INVESTMENTS-AT-COST> 77,799,283
<INVESTMENTS-AT-VALUE> 77,379,262
<RECEIVABLES> 0
<ASSETS-OTHER> 134
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 77,379,396
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 21,747
<TOTAL-LIABILITIES> 21,747
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 74,668,627
<SHARES-COMMON-STOCK> 2,724,443
<SHARES-COMMON-PRIOR> 0
<ACCUMULATED-NII-CURRENT> 193,945
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 2,166,153
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 328,924
<NET-ASSETS> 77,357,649
<DIVIDEND-INCOME> 132,318
<INTEREST-INCOME> 0
<OTHER-INCOME> 0
<EXPENSES-NET> 40,476
<NET-INVESTMENT-INCOME> 91,842
<REALIZED-GAINS-CURRENT> 515,385
<APPREC-INCREASE-CURRENT> (2,658,926)
<NET-CHANGE-FROM-OPS> (2,051,699)
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 36,580,114
<NUMBER-OF-SHARES-REDEEMED> 6,762,696
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> 27,765,719
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 9,700
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 43,034
<AVERAGE-NET-ASSETS> 26,024,574
<PER-SHARE-NAV-BEGIN> 13.37
<PER-SHARE-NII> 0.04
<PER-SHARE-GAIN-APPREC> 0.07
<PER-SHARE-DIVIDEND> 0.00
<PER-SHARE-DISTRIBUTIONS> 0.00
<RETURNS-OF-CAPITAL> 0.00
<PER-SHARE-NAV-END> 13.48
<EXPENSE-RATIO> 0.31
</TABLE>
