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<PAGE> PAGE 2
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<PAGE> PAGE 3
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<PAGE> PAGE 5
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<PAGE> PAGE 6
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<PAGE> PAGE 7
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<PAGE> PAGE 9
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<PAGE> PAGE 10
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<PAGE> PAGE 11
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<PAGE> PAGE 12
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<PAGE> PAGE 13
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<PAGE> PAGE 15
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SIGNATURE ALFRED A. BINGHAM III
TITLE VP AND TREASURER
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THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE ANNUAL
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<ARTICLE> 6
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE ANNUAL
REPORT FOR THE YEAR ENDED DECEMBER 31, 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> YEAR
<FISCAL-YEAR-END> DEC-31-1998
<PERIOD-END> DEC-31-1998
<INVESTMENTS-AT-COST> 280,387
<INVESTMENTS-AT-VALUE> 325,339
<RECEIVABLES> 1,762
<ASSETS-OTHER> 38
<OTHER-ITEMS-ASSETS> 78
<TOTAL-ASSETS> 327,217
<PAYABLE-FOR-SECURITIES> 35,792
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 160
<TOTAL-LIABILITIES> 35,952
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 244,683
<SHARES-COMMON-STOCK> 21,047
<SHARES-COMMON-PRIOR> 9,670
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 2
<ACCUMULATED-NET-GAINS> 884
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 45,700
<NET-ASSETS> 291,265
<DIVIDEND-INCOME> 2,498
<INTEREST-INCOME> 299
<OTHER-INCOME> 0
<EXPENSES-NET> 603
<NET-INVESTMENT-INCOME> 2,194
<REALIZED-GAINS-CURRENT> 2,260
<APPREC-INCREASE-CURRENT> 40,568
<NET-CHANGE-FROM-OPS> 45,022
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 2,809
<DISTRIBUTIONS-OF-GAINS> 893
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 140,398
<NUMBER-OF-SHARES-REDEEMED> 0
<SHARES-REINVESTED> 3,702
<NET-CHANGE-IN-ASSETS> 185,420
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 431
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 748
<AVERAGE-NET-ASSETS> 173,052
<PER-SHARE-NAV-BEGIN> 10.95
<PER-SHARE-NII> 0.13
<PER-SHARE-GAIN-APPREC> 2.97
<PER-SHARE-DIVIDEND> 0.16
<PER-SHARE-DISTRIBUTIONS> 0.05
<RETURNS-OF-CAPITAL> 0.00
<PER-SHARE-NAV-END> 13.84
<EXPENSE-RATIO> 0.35
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0.00
</TABLE>
