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> 01
<NAME> VICTORY VARIABLE INSURANCE INVESTMENT QUALITY BOND 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> 1984
<INVESTMENTS-AT-VALUE> 1985
<RECEIVABLES> 70
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 2055
<PAYABLE-FOR-SECURITIES> 41
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 10
<TOTAL-LIABILITIES> 51
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 2024
<SHARES-COMMON-STOCK> 203
<SHARES-COMMON-PRIOR> 176
<ACCUMULATED-NII-CURRENT> 4
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 0
<OVERDISTRIBUTION-GAINS> 25
<ACCUM-APPREC-OR-DEPREC> 1
<NET-ASSETS> 2004
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 60
<OTHER-INCOME> 0
<EXPENSES-NET> 5
<NET-INVESTMENT-INCOME> 55
<REALIZED-GAINS-CURRENT> <16>
<APPREC-INCREASE-CURRENT> 28
<NET-CHANGE-FROM-OPS> 67
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 54
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 55
<NUMBER-OF-SHARES-REDEEMED> 33
<SHARES-REINVESTED> 5
<NET-CHANGE-IN-ASSETS> 275
<ACCUMULATED-NII-PRIOR> 3
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 9
<GROSS-ADVISORY-FEES> 2
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 45
<AVERAGE-NET-ASSETS> 1770
<PER-SHARE-NAV-BEGIN> 9.80
<PER-SHARE-NII> 0.29
<PER-SHARE-GAIN-APPREC> 0.08
<PER-SHARE-DIVIDEND> 0.29
<PER-SHARE-DISTRIBUTIONS> 0.00
<RETURNS-OF-CAPITAL> 0.00
<PER-SHARE-NAV-END> 9.88
<EXPENSE-RATIO> 0.60
<FN>
</FN>
</TABLE>
