WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0001068663
<NAME> THE VICTORY VARIABLE INSURANCE FUNDS
<SERIES>
<NUMBER> 02
<NAME> VICTORY VARIABLE INSURANCE DIVERSIFIED STOCK FUND
<MULTIPLIER> 1000
<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> 6344
<INVESTMENTS-AT-VALUE> 6441
<RECEIVABLES> 17
<ASSETS-OTHER> 21
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 6479
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 16
<TOTAL-LIABILITIES> 16
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 6433
<SHARES-COMMON-STOCK> 660
<SHARES-COMMON-PRIOR> 397
<ACCUMULATED-NII-CURRENT> 1
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 0
<OVERDISTRIBUTION-GAINS> 68
<ACCUM-APPREC-OR-DEPREC> 97
<NET-ASSETS> 6463
<DIVIDEND-INCOME> 28
<INTEREST-INCOME> 18
<OTHER-INCOME> 0
<EXPENSES-NET> 19
<NET-INVESTMENT-INCOME> 27
<REALIZED-GAINS-CURRENT> <49>
<APPREC-INCREASE-CURRENT> 82
<NET-CHANGE-FROM-OPS> <104>
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 26
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 275
<NUMBER-OF-SHARES-REDEEMED> 15
<SHARES-REINVESTED> 3
<NET-CHANGE-IN-ASSETS> 2462
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 19
<GROSS-ADVISORY-FEES> 8
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 83
<AVERAGE-NET-ASSETS> 5106
<PER-SHARE-NAV-BEGIN> 10.07
<PER-SHARE-NII> 0.05
<PER-SHARE-GAIN-APPREC> <0.29>
<PER-SHARE-DIVIDEND> 0.04
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<RETURNS-OF-CAPITAL> 0.00
<PER-SHARE-NAV-END> 9.79
<EXPENSE-RATIO> 0.75
<FN>
</FN>
</TABLE>
