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<PAGE> PAGE 22
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<PAGE> PAGE 23
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<PAGE> PAGE 24
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<PAGE> PAGE 25
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SIGNATURE GREGORY S. DUCH
TITLE TREASURER
<TABLE> <S> <C>
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<SERIES>
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<NAME> ALGER BALANCED PORTFOLIO
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<TABLE> <S> <C>
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<SERIES>
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<NAME> ALGER GROWTH PORTFOLIO
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<S> <C>
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</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 4
<NAME> ALGER INCOME & GROWTH PORTFOLIO
<MULTIPLIER> 1000
<S> <C>
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<PERIOD-END> APR-30-1995
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<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 9
<NAME> ALGER CAPITAL APPRECIATION PORTFOLIO
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</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
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<NAME> ALGER MIDCAP GROWTH PORTFOLIO
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</TABLE>
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<NAME> ALGER MONEY MARKET PORTFOLIO
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</TABLE>
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<NAME> ALGER SMALL CAPITALIZATION PORTFOLIO
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