<PAGE> PAGE 1
000 A000000 06/30/98
000 C000000 0000022828
000 D000000 N
000 E000000 NF
000 F000000 Y
000 G000000 N
000 H000000 N
000 I000000 3.0
000 J000000 A
001 A000000 CIGNA FUNDS GROUP
001 B000000 811-1646
001 C000000 8607263700
002 A000000 100 FRONT STREET
002 B000000 WORCESTER
002 C000000 MA
002 D010000 01601
003 000000 N
004 000000 N
005 000000 N
006 000000 N
007 A000000 Y
007 B000000 3
007 C010100 1
007 C020100 CIGNA MONEY MARKET FUND
007 C030100 N
007 C010200 2
007 C010300 3
007 C010400 4
007 C020400 CIGNA INCOME FUND
007 C030400 N
007 C010500 5
007 C010600 6
007 C010700 7
007 C010800 8
007 C020800 CIGNA S&P 500 INDEX FUND
007 C030800 N
007 C010900 9
007 C011000 10
008 A00AA01 CIGNA INVESTMENTS, INC.
008 B00AA01 A
008 C00AA01 801-18094
008 D01AA01 HARTFORD
008 D02AA01 CT
008 D03AA01 06152
008 D04AA01 2210
012 A00AA01 STATE STREET BANK AND TRUST COMPANY
012 B00AA01 84-00896
012 C01AA01 BOSTON
012 C02AA01 MA
012 C03AA01 02107
013 A00AA01 PRICE WATERHOUSE
<PAGE> PAGE 2
013 B01AA01 BOSTON
013 B02AA01 MA
013 B03AA01 02110
015 A00AA01 STATE STREET BANK AND TRUST COMPANY
015 B00AA01 C
015 C01AA01 BOSTON
015 C02AA01 MA
015 C03AA01 02107
015 E01AA01 X
018 00AA00 Y
019 A00AA00 N
019 B00AA00 0
020 A000001 CANTOR FITZGERALD & CO.
020 B000001 13-3680184
020 C000001 27
020 A000002 BEAR STEARNS SECURITIES
020 B000002 13-3299429
020 C000002 1
020 C000003 0
020 C000004 0
020 C000005 0
020 C000006 0
020 C000007 0
020 C000008 0
020 C000009 0
020 C000010 0
021 000000 28
022 A000001 GOLDMAN SACHS & CO.
022 B000001 13-5108880
022 C000001 1168673
022 D000001 0
022 A000002 MORGAN (J.P.) SECURITIES
022 B000002 13-3224016
022 C000002 940207
022 D000002 0
022 A000003 LEHMAN BROTHERS
022 B000003 13-2518466
022 C000003 246546
022 D000003 0
022 A000004 MORGAN STANLEY, DEAN WITTER, DISCOVER
022 B000004 36-3145972
022 C000004 227172
022 D000004 0
022 A000005 CS FIRST BOSTON
022 B000005 13-5659485
022 C000005 203262
022 D000005 0
022 A000006 HOUSEHOLD FINANCE
022 B000006 36-1239445
022 C000006 91148
022 D000006 0
<PAGE> PAGE 3
022 A000007 FIRST CHICAGO
022 B000007 36-3595942
022 C000007 80016
022 D000007 0
022 A000008 GENERAL ELECTRIC CAPTIAL CORP.
022 B000008 13-1500700
022 C000008 75840
022 D000008 0
022 A000009 ASSOC. CORP. OF NORTH AMERICA
022 B000009 74-1494554
022 C000009 61334
022 D000009 0
022 A000010 MERRILL LYNCH, PIERCE, FENNER & SMITH
022 B000010 13-5674085
022 C000010 51351
022 D000010 0
023 C000000 3462351
023 D000000 0
026 A000000 N
026 B000000 Y
026 C000000 N
026 D000000 Y
026 E000000 N
026 F000000 N
026 G010000 N
026 G020000 N
026 H000000 N
027 000000 Y
029 00AA00 N
030 A00AA00 0
030 B00AA00 0.00
030 C00AA00 0.00
031 A00AA00 0
031 B00AA00 0
032 00AA00 0
033 00AA00 0
034 00AA00 N
035 00AA00 0
036 B00AA00 0
037 00AA00 N
038 00AA00 0
039 00AA00 N
040 00AA00 N
042 A00AA00 0
042 B00AA00 0
042 C00AA00 0
042 D00AA00 0
042 E00AA00 0
042 F00AA00 0
042 G00AA00 0
042 H00AA00 0
<PAGE> PAGE 4
043 00AA00 0
044 00AA00 0
045 00AA00 Y
046 00AA00 N
047 00AA00 Y
048 00AA00 0.500
048 A01AA00 0
048 A02AA00 0.000
048 B01AA00 0
048 B02AA00 0.000
048 C01AA00 0
048 C02AA00 0.000
048 D01AA00 0
048 D02AA00 0.000
048 E01AA00 0
048 E02AA00 0.000
048 F01AA00 0
048 F02AA00 0.000
048 G01AA00 0
048 G02AA00 0.000
048 H01AA00 0
048 H02AA00 0.000
048 I01AA00 0
048 I02AA00 0.000
048 J01AA00 0
048 J02AA00 0.000
048 K01AA00 0
048 K02AA00 0.000
049 00AA00 N
050 00AA00 N
051 00AA00 N
052 00AA00 N
053 A00AA00 Y
053 B00AA00 Y
053 C00AA00 N
054 A00AA00 Y
054 B00AA00 Y
054 C00AA00 N
054 D00AA00 N
054 E00AA00 N
054 F00AA00 N
054 G00AA00 Y
054 H00AA00 Y
054 I00AA00 N
054 J00AA00 Y
054 K00AA00 N
054 L00AA00 N
054 M00AA00 Y
054 N00AA00 Y
054 O00AA00 N
077 A000000 N
<PAGE> PAGE 5
078 000000 N
080 A00AA00 LLOYDS OF LONDON
080 C00AA00 10000
081 A00AA00 Y
081 B00AA00 5
082 A00AA00 N
082 B00AA00 0
083 A00AA00 N
083 B00AA00 0
084 A00AA00 N
084 B00AA00 0
085 A00AA00 Y
085 B00AA00 N
086 A010000 0
086 A020000 0
086 B010000 0
086 B020000 0
086 C010000 0
086 C020000 0
086 D010000 0
086 D020000 0
086 E010000 0
086 E020000 0
086 F010000 0
086 F020000 0
024 000100 N
025 D000101 0
025 D000102 0
025 D000103 0
025 D000104 0
025 D000105 0
025 D000106 0
025 D000107 0
025 D000108 0
028 A010100 139103
028 A020100 688
028 A030100 0
028 A040100 132140
028 B010100 215118
028 B020100 724
028 B030100 0
028 B040100 142482
028 C010100 260716
028 C020100 882
028 C030100 0
028 C040100 226574
028 D010100 226663
028 D020100 1149
028 D030100 0
028 D040100 242261
028 E010100 247986
<PAGE> PAGE 6
028 E020100 1169
028 E030100 0
028 E040100 207898
028 F010100 172132
028 F020100 1263
028 F030100 0
028 F040100 143244
028 G010100 1261718
028 G020100 5875
028 G030100 0
028 G040100 1094599
028 H000100 0
055 A000100 N
055 B000100 N
056 000100 Y
057 000100 N
058 A000100 N
059 000100 Y
060 A000100 Y
060 B000100 Y
061 000100 0
062 A000100 Y
062 B000100 0.0
062 C000100 20.1
062 D000100 0.0
062 E000100 0.0
062 F000100 0.0
062 G000100 0.0
062 H000100 0.0
062 I000100 80.1
062 J000100 0.0
062 K000100 0.0
062 L000100 0.0
062 M000100 0.0
062 N000100 0.0
062 O000100 0.0
062 P000100 0.0
062 Q000100 0.0
062 R000100 0.0
063 A000100 45
063 B000100 0.0
064 A000100 N
066 A000100 N
067 000100 N
068 A000100 N
068 B000100 N
069 000100 N
070 A010100 Y
070 A020100 N
070 B010100 N
070 B020100 N
<PAGE> PAGE 7
070 C010100 N
070 C020100 N
070 D010100 N
070 D020100 N
070 E010100 N
070 E020100 N
070 F010100 N
070 F020100 N
070 G010100 N
070 G020100 N
070 H010100 N
070 H020100 N
070 I010100 N
070 I020100 N
070 J010100 Y
070 J020100 N
070 K010100 Y
070 K020100 Y
070 L010100 Y
070 L020100 Y
070 M010100 N
070 M020100 N
070 N010100 Y
070 N020100 N
070 O010100 Y
070 O020100 N
070 P010100 N
070 P020100 N
070 Q010100 N
070 Q020100 N
070 R010100 N
070 R020100 N
071 A000100 0
071 B000100 0
071 C000100 0
071 D000100 0
072 A000100 6
072 B000100 7132
072 C000100 0
072 D000100 0
072 E000100 0
072 F000100 442
072 G000100 0
072 H000100 0
072 I000100 1
072 J000100 60
072 K000100 0
072 L000100 0
072 M000100 1
072 N000100 5
072 O000100 0
<PAGE> PAGE 8
072 P000100 0
072 Q000100 0
072 R000100 5
072 S000100 4
072 T000100 0
072 U000100 0
072 V000100 0
072 W000100 74
072 X000100 582
072 Y000100 21
072 Z000100 6571
072AA000100 0
072BB000100 0
072CC010100 0
072CC020100 0
072DD010100 6571
072DD020100 0
072EE000100 0
073 A010100 0.0000
073 A020100 0.0000
073 B000100 0.0000
073 C000100 0.0000
074 A000100 8
074 B000100 0
074 C000100 344868
074 D000100 0
074 E000100 0
074 F000100 0
074 G000100 0
074 H000100 0
074 I000100 0
074 J000100 0
074 K000100 0
074 L000100 711
074 M000100 18
074 N000100 345605
074 O000100 0
074 P000100 0
074 Q000100 0
074 R010100 0
074 R020100 0
074 R030100 0
074 R040100 1546
074 S000100 0
074 T000100 344059
074 U010100 344059
074 U020100 0
074 V010100 1.00
074 V020100 0.00
074 W000100 1.0000
074 X000100 1
<PAGE> PAGE 9
074 Y000100 0
075 A000100 256400
075 B000100 0
076 000100 0.00
024 000400 N
025 D000401 0
025 D000402 0
025 D000403 0
025 D000404 0
025 D000405 0
025 D000406 0
025 D000407 0
025 D000408 0
028 A010400 0
028 A020400 0
028 A030400 0
028 A040400 0
028 B010400 0
028 B020400 0
028 B030400 0
028 B040400 0
028 C010400 0
028 C020400 0
028 C030400 0
028 C040400 0
028 D010400 0
028 D020400 0
028 D030400 0
028 D040400 0
028 E010400 0
028 E020400 0
028 E030400 0
028 E040400 0
028 F010400 0
028 F020400 0
028 F030400 0
028 F040400 0
028 G010400 0
028 G020400 0
028 G030400 0
028 G040400 0
028 H000400 0
055 A000400 N
055 B000400 N
056 000400 Y
057 000400 N
058 A000400 N
059 000400 Y
060 A000400 Y
060 B000400 Y
061 000400 0
<PAGE> PAGE 10
062 A000400 Y
062 B000400 0.0
062 C000400 0.0
062 D000400 0.0
062 E000400 0.0
062 F000400 0.0
062 G000400 0.0
062 H000400 0.0
062 I000400 3.9
062 J000400 0.0
062 K000400 0.0
062 L000400 0.0
062 M000400 42.9
062 N000400 41.4
062 O000400 0.0
062 P000400 0.0
062 Q000400 7.9
062 R000400 0.0
063 A000400 0
063 B000400 8.4
064 A000400 N
064 B000400 N
066 A000400 N
067 000400 N
068 A000400 N
068 B000400 N
069 000400 N
070 A010400 Y
070 A020400 N
070 B010400 N
070 B020400 N
070 C010400 N
070 C020400 N
070 D010400 N
070 D020400 N
070 E010400 Y
070 E020400 N
070 F010400 N
070 F020400 N
070 G010400 Y
070 G020400 N
070 H010400 N
070 H020400 N
070 I010400 N
070 I020400 N
070 J010400 Y
070 J020400 N
070 K010400 Y
070 K020400 N
070 L010400 Y
070 L020400 Y
<PAGE> PAGE 11
070 M010400 N
070 M020400 N
070 N010400 Y
070 N020400 N
070 O010400 Y
070 O020400 N
070 P010400 N
070 P020400 N
070 Q010400 N
070 Q020400 N
070 R010400 N
070 R020400 N
071 A000400 493
071 B000400 498
071 C000400 1163
071 D000400 42
072 A000400 6
072 B000400 38
072 C000400 0
072 D000400 0
072 E000400 0
072 F000400 3
072 G000400 0
072 H000400 0
072 I000400 1
072 J000400 10
072 K000400 0
072 L000400 0
072 M000400 1
072 N000400 0
072 O000400 0
072 P000400 0
072 Q000400 0
072 R000400 7
072 S000400 0
072 T000400 0
072 U000400 0
072 V000400 0
072 W000400 7
072 X000400 29
072 Y000400 23
072 Z000400 32
072AA000400 11
072BB000400 3
072CC010400 5
072CC020400 0
072DD010400 0
072DD020400 0
072EE000400 0
073 A010400 0.0000
073 A020400 0.0000
<PAGE> PAGE 12
073 B000400 0.0000
073 C000400 0.0000
074 A000400 43
074 B000400 0
074 C000400 50
074 D000400 1167
074 E000400 0
074 F000400 0
074 G000400 0
074 H000400 0
074 I000400 9
074 J000400 0
074 K000400 2
074 L000400 19
074 M000400 0
074 N000400 1290
074 O000400 0
074 P000400 5
074 Q000400 0
074 R010400 0
074 R020400 0
074 R030400 0
074 R040400 18
074 S000400 0
074 T000400 1267
074 U010400 1253
074 U020400 0
074 V010400 1.01
074 V020400 0.00
074 W000400 0.0000
074 X000400 1
074 Y000400 0
075 A000400 0
075 B000400 1244
076 000400 0.00
028 A010800 17
028 A020800 0
028 A030800 0
028 A040800 0
028 B010800 22
028 B020800 0
028 B030800 0
028 B040800 0
028 C010800 35022
028 C020800 0
028 C030800 0
028 C040800 0
028 D010800 25
028 D020800 0
028 D030800 0
028 D040800 0
<PAGE> PAGE 13
028 E010800 33
028 E020800 0
028 E030800 0
028 E040800 0
028 F010800 35033
028 F020800 0
028 F030800 0
028 F040800 0
028 G010800 70152
028 G020800 0
028 G030800 0
028 G040800 0
028 H000800 0
055 A000800 N
055 B000800 N
056 000800 Y
057 000800 N
058 A000800 N
059 000800 Y
060 A000800 Y
060 B000800 Y
061 000800 0
062 A000800 N
062 B000800 0.0
062 C000800 0.0
062 D000800 0.0
062 E000800 0.0
062 F000800 0.0
062 G000800 0.0
062 H000800 0.0
062 I000800 0.0
062 J000800 0.0
062 K000800 0.0
062 L000800 0.0
062 M000800 0.0
062 N000800 0.0
062 O000800 0.0
062 P000800 0.0
062 Q000800 0.0
062 R000800 0.0
063 A000800 0
063 B000800 0.0
066 A000800 N
067 000800 N
068 A000800 N
068 B000800 N
069 000800 N
070 A010800 Y
070 A020800 N
070 B010800 N
070 B020800 N
<PAGE> PAGE 14
070 C010800 N
070 C020800 N
070 D010800 N
070 D020800 N
070 E010800 Y
070 E020800 N
070 F010800 N
070 F020800 N
070 G010800 Y
070 G020800 N
070 H010800 N
070 H020800 N
070 I010800 N
070 I020800 N
070 J010800 Y
070 J020800 N
070 K010800 Y
070 K020800 N
070 L010800 Y
070 L020800 Y
070 M010800 N
070 M020800 N
070 N010800 Y
070 N020800 N
070 O010800 Y
070 O020800 N
070 P010800 N
070 P020800 N
070 Q010800 N
070 Q020800 N
070 R010800 N
070 R020800 N
071 A000800 71946
071 B000800 464
071 C000800 134372
071 D000800 0
072 A000800 6
072 B000800 86
072 C000800 979
072 D000800 0
072 E000800 0
072 F000800 166
072 G000800 0
072 H000800 0
072 I000800 0
072 J000800 104
072 K000800 0
072 L000800 0
072 M000800 0
072 N000800 0
072 O000800 0
<PAGE> PAGE 15
072 P000800 0
072 Q000800 0
072 R000800 0
072 S000800 4
072 T000800 0
072 U000800 0
072 V000800 0
072 W000800 49
072 X000800 323
072 Y000800 90
072 Z000800 832
072AA000800 357
072BB000800 15
072CC010800 18504
072CC020800 0
072DD010800 0
072DD020800 0
072EE000800 0
073 A010800 0.0000
073 A020800 0.0000
073 B000800 0.0000
073 C000800 0.0000
074 A000800 0
074 B000800 0
074 C000800 2336
074 D000800 0
074 E000800 0
074 F000800 193623
074 G000800 0
074 H000800 0
074 I000800 0
074 J000800 0
074 K000800 0
074 L000800 35176
074 M000800 5
074 N000800 231140
074 O000800 35337
074 P000800 0
074 Q000800 0
074 R010800 0
074 R020800 0
074 R030800 0
074 R040800 128
074 S000800 0
074 T000800 195675
074 U010800 15209
074 U020800 0
074 V010800 12.87
074 V020800 0.00
074 W000800 0.0000
074 X000800 0
<PAGE> PAGE 16
074 Y000800 0
075 A000800 0
075 B000800 134635
076 000800 0.00
SIGNATURE ALFRED A. BINGHAM III
TITLE VP AND TREASURER
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE
SEMI-ANNUAL REPORT FOR THE SIX MONTHS ENDED jUNE 30, 1998 AND IS QUALIFIED IN
ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
<SERIES>
<NUMBER> 1
<NAME> CIGNA MONEY MARKET FUND
<MULTIPLIER> 1,000
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> DEC-31-1998
<PERIOD-END> JUN-30-1998
<INVESTMENTS-AT-COST> 344,868
<INVESTMENTS-AT-VALUE> 344,868
<RECEIVABLES> 729
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 8
<TOTAL-ASSETS> 345,605
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 1,546
<TOTAL-LIABILITIES> 1,546
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 344,059
<SHARES-COMMON-STOCK> 344,059
<SHARES-COMMON-PRIOR> 171,065
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 0
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 0
<NET-ASSETS> 344,059
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 7,132
<OTHER-INCOME> 0
<EXPENSES-NET> 561
<NET-INVESTMENT-INCOME> 6,571
<REALIZED-GAINS-CURRENT> 0
<APPREC-INCREASE-CURRENT> 0
<NET-CHANGE-FROM-OPS> 6,571
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 6,571
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 1,261,718
<NUMBER-OF-SHARES-REDEEMED> 1,094,599
<SHARES-REINVESTED> 5,875
<NET-CHANGE-IN-ASSETS> 172,994
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 442
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 582
<AVERAGE-NET-ASSETS> 256,400
<PER-SHARE-NAV-BEGIN> 1.00
<PER-SHARE-NII> 0.03
<PER-SHARE-GAIN-APPREC> 0.00
<PER-SHARE-DIVIDEND> 0.03
<PER-SHARE-DISTRIBUTIONS> 0.00
<RETURNS-OF-CAPITAL> 0.00
<PER-SHARE-NAV-END> 1.00
<EXPENSE-RATIO> 0.22
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0.00
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE
SEMI-ANNUAL REPORT FOR THE PERIOD ENDED JUNE 30, 1998 AND IS QUALIFIED IN ITS
ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
<SERIES>
<NUMBER> 4
<NAME> CIGNA INCOME FUND
<MULTIPLIER> 1,000
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> DEC-31-1998
<PERIOD-END> JUN-30-1998
<INVESTMENTS-AT-COST> 1,197
<INVESTMENTS-AT-VALUE> 1,217
<RECEIVABLES> 21
<ASSETS-OTHER> 43
<OTHER-ITEMS-ASSETS> 9
<TOTAL-ASSETS> 1,290
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 23
<TOTAL-LIABILITIES> 23
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 1,208
<SHARES-COMMON-STOCK> 1,253
<SHARES-COMMON-PRIOR> 1,253
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> (25)
<ACCUMULATED-NET-GAINS> 8
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 26
<NET-ASSETS> 1,267
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 38
<OTHER-INCOME> 0
<EXPENSES-NET> 6
<NET-INVESTMENT-INCOME> 32
<REALIZED-GAINS-CURRENT> 8
<APPREC-INCREASE-CURRENT> 5
<NET-CHANGE-FROM-OPS> 45
<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> 45
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 7
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 3
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 29
<AVERAGE-NET-ASSETS> 1,244
<PER-SHARE-NAV-BEGIN> 0.98
<PER-SHARE-NII> 0.03
<PER-SHARE-GAIN-APPREC> 0.00
<PER-SHARE-DIVIDEND> 0.00
<PER-SHARE-DISTRIBUTIONS> 0.00
<RETURNS-OF-CAPITAL> 0.00
<PER-SHARE-NAV-END> 1.01
<EXPENSE-RATIO> 0.50
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0.00
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE
SEMI-ANNUAL REPORT FOR THE SIX MONTHS ENDED JUNE 30, 1998 AND IS QUALIFIED IN
ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
<SERIES>
<NUMBER> 8
<NAME> CIGNA S&P 500 INDEX FUND
<MULTIPLIER> 1,000
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> DEC-31-1998
<PERIOD-END> JUN-30-1998
<INVESTMENTS-AT-COST> 172,349
<INVESTMENTS-AT-VALUE> 195,959
<RECEIVABLES> 35,176
<ASSETS-OTHER> 5
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 231,140
<PAYABLE-FOR-SECURITIES> 35,337
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 128
<TOTAL-LIABILITIES> 35,465
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 170,735
<SHARES-COMMON-STOCK> 15,209
<SHARES-COMMON-PRIOR> 9,670
<ACCUMULATED-NII-CURRENT> 842
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 461
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 23,637
<NET-ASSETS> 195,675
<DIVIDEND-INCOME> 979
<INTEREST-INCOME> 86
<OTHER-INCOME> 0
<EXPENSES-NET> 233
<NET-INVESTMENT-INCOME> 832
<REALIZED-GAINS-CURRENT> 342
<APPREC-INCREASE-CURRENT> 18,504
<NET-CHANGE-FROM-OPS> 19,678
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 70,152
<NUMBER-OF-SHARES-REDEEMED> 0
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> 89,830
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 166
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 323
<AVERAGE-NET-ASSETS> 134,635
<PER-SHARE-NAV-BEGIN> 10.95
<PER-SHARE-NII> 0.05
<PER-SHARE-GAIN-APPREC> 1.87
<PER-SHARE-DIVIDEND> 0.00
<PER-SHARE-DISTRIBUTIONS> 0.00
<RETURNS-OF-CAPITAL> 0.00
<PER-SHARE-NAV-END> 12.87
<EXPENSE-RATIO> 0.17
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0.00
</TABLE>
