<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0001104129
<NAME> INVESTMENT GRADE INCOME PORTFOLIO
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> DEC-31-2000
<PERIOD-END> JUN-30-2000
<INVESTMENTS-AT-COST> 104,193,027
<INVESTMENTS-AT-VALUE> 101,310,070
<RECEIVABLES> 1,990,518
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 685
<TOTAL-ASSETS> 103,301,273
<PAYABLE-FOR-SECURITIES> 218,567
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 13,496
<TOTAL-LIABILITIES> 232,063
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 105,952,167
<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> (2,882,957)
<NET-ASSETS> 103,069,210
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 2,323,691
<OTHER-INCOME> 0
<EXPENSES-NET> 237,130
<NET-INVESTMENT-INCOME> 2,086,561
<REALIZED-GAINS-CURRENT> (1,519,708)
<APPREC-INCREASE-CURRENT> 2,155,756
<NET-CHANGE-FROM-OPS> 2,722,609
<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> 102,969,200
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 207,551
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 237,130
<AVERAGE-NET-ASSETS> 104,581,691
<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>
