ALGER FUND
NSAR-A, 1998-06-25
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<PAGE>      PAGE  1
000 A000000 04/30/98
000 C000000 0000003521
000 D000000 N
000 E000000 NF
000 F000000 Y
000 G000000 N
000 H000000 N
000 I000000 3.0.a
000 J000000 U
001 A000000 THE ALGER FUND
001 B000000 811-1355
001 C000000 2128068800
002 A000000 75 MAIDEN LANE
002 B000000 NEW YORK
002 C000000 NY
002 D010000 10038
003  000000 N
004  000000 N
005  000000 N
006  000000 N
007 A000000 Y
007 B000000  6
007 C010100  1
007 C020100 ALGER MONEY MARKET PORTFOLIO
007 C030100 N
007 C010200  2
007 C010300  3
007 C010400  4
007 C010500  5
007 C020500 ALGER SMALL CAPITALIZATION PORTFOLIO
007 C030500 N
007 C010600  6
007 C020600 ALGER GROWTH PORTFOLIO
007 C030600 N
007 C010700  7
007 C020700 ALGER BALANCED PORTFOLIO
007 C030700 N
007 C010800  8
007 C020800 ALGER MIDCAP GROWTH PORTFOLIO
007 C030800 N
007 C010900  9
007 C020900 ALGER CAPITAL APPRECIATION PORTFOLIO
007 C030900 N
007 C011000 10
020 A000001 FRED ALGER & COMPANY, INCORPORATED
020 B000001 13-2665689
020 C000001   2357
020 A000002 INSTINET CORP.
020 B000002 13-3443395
020 C000002     33
020 A000003 GOLDMAN SACHS & CO.
<PAGE>      PAGE  2
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022 A000006 BT ALEX BROWN
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<PAGE>      PAGE  3
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<PAGE>      PAGE  5
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<PAGE>      PAGE  7
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<PAGE>      PAGE  9
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<PAGE>      PAGE  19
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024  000900 Y
025 A000901 MORGAN STANLEY DEAN WITTER DISCOVER CO.
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<PAGE>      PAGE  20
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<PAGE>      PAGE  21
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066 A000900 Y
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066 E000900 N
066 F000900 N
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<PAGE>      PAGE  22
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<PAGE>      PAGE  23
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SIGNATURE   GREGORY S. DUCH                              
TITLE       TREASURER           
 


<TABLE> <S> <C>

<ARTICLE> 6
<SERIES>
   <NUMBER> 1
   <NAME> ALGER MONEY MARKET PORTFOLIO
<MULTIPLIER> 1000
       
<S>                             <C>
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          OCT-31-1998
<PERIOD-END>                               APR-30-1998
<INVESTMENTS-AT-COST>                           159169
<INVESTMENTS-AT-VALUE>                          159169
<RECEIVABLES>                                     1190
<ASSETS-OTHER>                                    1254
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                                  161613
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<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                         4183
<TOTAL-LIABILITIES>                               4183
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                        157504
<SHARES-COMMON-STOCK>                           157504
<SHARES-COMMON-PRIOR>                           179487
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<ACCUMULATED-NET-GAINS>                           (74)
<OVERDISTRIBUTION-GAINS>                             0
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<NET-ASSETS>                                    157430
<DIVIDEND-INCOME>                                    0
<INTEREST-INCOME>                                 5223
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<NET-INVESTMENT-INCOME>                           4486
<REALIZED-GAINS-CURRENT>                             6
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<NET-CHANGE-FROM-OPS>                             4492
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                       (4486)
<DISTRIBUTIONS-OF-GAINS>                             0
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<NUMBER-OF-SHARES-SOLD>                        1312045
<NUMBER-OF-SHARES-REDEEMED>                    1337772
<SHARES-REINVESTED>                               3744
<NET-CHANGE-IN-ASSETS>                         (21977)
<ACCUMULATED-NII-PRIOR>                              0
<ACCUMULATED-GAINS-PRIOR>                         (80)
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<GROSS-EXPENSE>                                    737
<AVERAGE-NET-ASSETS>                            185320
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<PER-SHARE-NII>                                    .02
<PER-SHARE-GAIN-APPREC>                              0
<PER-SHARE-DIVIDEND>                             (.02)
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<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                               1.00
<EXPENSE-RATIO>                                    .80
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        

</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<SERIES>
   <NUMBER> 5
   <NAME> ALGER SMALL CAPITALIZATION PORTFOLIO CL B
<MULTIPLIER> 1000
       
<S>                             <C>
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          OCT-31-1998
<PERIOD-END>                               APR-30-1998
<INVESTMENTS-AT-COST>                           512612
<INVESTMENTS-AT-VALUE>                          636271
<RECEIVABLES>                                     9745
<ASSETS-OTHER>                                     241
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                                  646257
<PAYABLE-FOR-SECURITIES>                          9488
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                         4128
<TOTAL-LIABILITIES>                              13616
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                        426230
<SHARES-COMMON-STOCK>                            55237
<SHARES-COMMON-PRIOR>                            56448
<ACCUMULATED-NII-CURRENT>                      (39500)
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                          72377
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                        123659
<NET-ASSETS>                                    632641
<DIVIDEND-INCOME>                                  769
<INTEREST-INCOME>                                  790
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                    6040
<NET-INVESTMENT-INCOME>                         (4481)
<REALIZED-GAINS-CURRENT>                         59983
<APPREC-INCREASE-CURRENT>                       (6098)
<NET-CHANGE-FROM-OPS>                            49404
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                            0
<DISTRIBUTIONS-OF-GAINS>                       (27136)
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<NUMBER-OF-SHARES-SOLD>                          66770
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<SHARES-REINVESTED>                               2899
<NET-CHANGE-IN-ASSETS>                           25656
<ACCUMULATED-NII-PRIOR>                        (35019)
<ACCUMULATED-GAINS-PRIOR>                        40743
<OVERDISTRIB-NII-PRIOR>                              0
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<GROSS-ADVISORY-FEES>                             2476
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<GROSS-EXPENSE>                                   6040
<AVERAGE-NET-ASSETS>                            554603
<PER-SHARE-NAV-BEGIN>                            10.29
<PER-SHARE-NII>                                  (.09)
<PER-SHARE-GAIN-APPREC>                            .76
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<PER-SHARE-DISTRIBUTIONS>                        (.51)
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              10.45
<EXPENSE-RATIO>                                   2.11
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        

</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<SERIES>
   <NUMBER> 51
   <NAME> ALGER SMALL CAPITALIZATION PORTFOLIO CL. A
<MULTIPLIER> 1000
       
<S>                             <C>
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          OCT-31-1998
<PERIOD-END>                               APR-30-1998
<INVESTMENTS-AT-COST>                           512612
<INVESTMENTS-AT-VALUE>                          636271
<RECEIVABLES>                                     9745
<ASSETS-OTHER>                                     241
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                                  646257
<PAYABLE-FOR-SECURITIES>                          9488
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                         4128
<TOTAL-LIABILITIES>                              13616
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                         47428
<SHARES-COMMON-STOCK>                             4977
<SHARES-COMMON-PRIOR>                             2511
<ACCUMULATED-NII-CURRENT>                      (39500)
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                          72377
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                        123659
<NET-ASSETS>                                    632641
<DIVIDEND-INCOME>                                  769
<INTEREST-INCOME>                                  790
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                    6040
<NET-INVESTMENT-INCOME>                         (4481)
<REALIZED-GAINS-CURRENT>                         59983
<APPREC-INCREASE-CURRENT>                       (6098)
<NET-CHANGE-FROM-OPS>                            49404
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                            0
<DISTRIBUTIONS-OF-GAINS>                        (1188)
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<NUMBER-OF-SHARES-SOLD>                          21535
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<SHARES-REINVESTED>                                120
<NET-CHANGE-IN-ASSETS>                           25656
<ACCUMULATED-NII-PRIOR>                        (35019)
<ACCUMULATED-GAINS-PRIOR>                        40743
<OVERDISTRIB-NII-PRIOR>                              0
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<GROSS-ADVISORY-FEES>                             2476
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                   6040
<AVERAGE-NET-ASSETS>                             31854
<PER-SHARE-NAV-BEGIN>                            10.35
<PER-SHARE-NII>                                  (.01)
<PER-SHARE-GAIN-APPREC>                            .74
<PER-SHARE-DIVIDEND>                                 0
<PER-SHARE-DISTRIBUTIONS>                        (.51)
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              10.57
<EXPENSE-RATIO>                                   1.36
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        

</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<SERIES>
   <NUMBER> 52
   <NAME> ALGER SMALL CAPITLIZATION PORTFOLIO CL. C
<MULTIPLIER> 1000
       
<S>                             <C>
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          OCT-31-1998
<PERIOD-END>                               APR-30-1998
<INVESTMENTS-AT-COST>                           512612
<INVESTMENTS-AT-VALUE>                          636271
<RECEIVABLES>                                     9745
<ASSETS-OTHER>                                     241
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                                  646257
<PAYABLE-FOR-SECURITIES>                          9488
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                         4128
<TOTAL-LIABILITIES>                              13616
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                          2447
<SHARES-COMMON-STOCK>                              256
<SHARES-COMMON-PRIOR>                               33
<ACCUMULATED-NII-CURRENT>                      (39500)
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                          72377
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                        123659
<NET-ASSETS>                                    632641
<DIVIDEND-INCOME>                                  769
<INTEREST-INCOME>                                  790
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                    6040
<NET-INVESTMENT-INCOME>                         (4481)
<REALIZED-GAINS-CURRENT>                         59983
<APPREC-INCREASE-CURRENT>                       (6098)
<NET-CHANGE-FROM-OPS>                            49404
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                            0
<DISTRIBUTIONS-OF-GAINS>                          (25)
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                            913
<NUMBER-OF-SHARES-REDEEMED>                        693
<SHARES-REINVESTED>                                  2
<NET-CHANGE-IN-ASSETS>                           25656
<ACCUMULATED-NII-PRIOR>                        (35019)
<ACCUMULATED-GAINS-PRIOR>                        40743
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                             2476
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                   6040
<AVERAGE-NET-ASSETS>                              1091
<PER-SHARE-NAV-BEGIN>                            10.29
<PER-SHARE-NII>                                  (.01)
<PER-SHARE-GAIN-APPREC>                            .68
<PER-SHARE-DIVIDEND>                             (.51)
<PER-SHARE-DISTRIBUTIONS>                            0
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              10.45
<EXPENSE-RATIO>                                   2.11
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        

</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<SERIES>
   <NUMBER> 6
   <NAME> ALGER GROWTH PORTFOLIO CL. B
<MULTIPLIER> 1000
       
<S>                             <C>
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          OCT-31-1998
<PERIOD-END>                               APR-30-1998
<INVESTMENTS-AT-COST>                           335663
<INVESTMENTS-AT-VALUE>                          429153
<RECEIVABLES>                                     2917
<ASSETS-OTHER>                                      76
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                                  432146
<PAYABLE-FOR-SECURITIES>                          1063
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                         1665
<TOTAL-LIABILITIES>                               2728
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                        223810
<SHARES-COMMON-STOCK>                            28498
<SHARES-COMMON-PRIOR>                            26510
<ACCUMULATED-NII-CURRENT>                       (9305)
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                          36168
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                         93490
<NET-ASSETS>                                    429418
<DIVIDEND-INCOME>                                 1262
<INTEREST-INCOME>                                  647
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                    3552
<NET-INVESTMENT-INCOME>                         (1643)
<REALIZED-GAINS-CURRENT>                         32510
<APPREC-INCREASE-CURRENT>                        32236
<NET-CHANGE-FROM-OPS>                            63103
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                            0
<DISTRIBUTIONS-OF-GAINS>                       (36412)
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                           9722
<NUMBER-OF-SHARES-REDEEMED>                      11347
<SHARES-REINVESTED>                               3613
<NET-CHANGE-IN-ASSETS>                           71928
<ACCUMULATED-NII-PRIOR>                         (7662)
<ACCUMULATED-GAINS-PRIOR>                        50213
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                             1432
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                   3552
<AVERAGE-NET-ASSETS>                            306532
<PER-SHARE-NAV-BEGIN>                            11.50
<PER-SHARE-NII>                                  (.03)
<PER-SHARE-GAIN-APPREC>                           1.70
<PER-SHARE-DIVIDEND>                                 0
<PER-SHARE-DISTRIBUTIONS>                       (1.49)
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              11.68
<EXPENSE-RATIO>                                   2.01
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        

</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<SERIES>
   <NUMBER> 61
   <NAME> ALGER GROWTH PORTFOLIO CL. A
<MULTIPLIER> 1000
       
<S>                             <C>
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          OCT-31-1998
<PERIOD-END>                               APR-30-1998
<INVESTMENTS-AT-COST>                           335663
<INVESTMENTS-AT-VALUE>                          429153
<RECEIVABLES>                                     2917
<ASSETS-OTHER>                                      76
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                                  432146
<PAYABLE-FOR-SECURITIES>                          1063
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                         1665
<TOTAL-LIABILITIES>                               2728
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                         83944
<SHARES-COMMON-STOCK>                             8046
<SHARES-COMMON-PRIOR>                             4516
<ACCUMULATED-NII-CURRENT>                       (9305)
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                          36168
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                         93490
<NET-ASSETS>                                    429418
<DIVIDEND-INCOME>                                 1262
<INTEREST-INCOME>                                  647
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                    3552
<NET-INVESTMENT-INCOME>                         (1643)
<REALIZED-GAINS-CURRENT>                         32510
<APPREC-INCREASE-CURRENT>                        32236
<NET-CHANGE-FROM-OPS>                            63103
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                            0
<DISTRIBUTIONS-OF-GAINS>                       (10089)
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                           4957
<NUMBER-OF-SHARES-REDEEMED>                       2440
<SHARES-REINVESTED>                               1012
<NET-CHANGE-IN-ASSETS>                           71928
<ACCUMULATED-NII-PRIOR>                         (7662)
<ACCUMULATED-GAINS-PRIOR>                        50213
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                             1432
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                   3552
<AVERAGE-NET-ASSETS>                             78128
<PER-SHARE-NAV-BEGIN>                            11.58
<PER-SHARE-NII>                                      0
<PER-SHARE-GAIN-APPREC>                           1.73
<PER-SHARE-DIVIDEND>                                 0
<PER-SHARE-DISTRIBUTIONS>                       (1.49)
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              11.82
<EXPENSE-RATIO>                                   1.26
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        

</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<SERIES>
   <NUMBER> 62
   <NAME> ALGER GROWTH PORTFOLIO CL. C
<MULTIPLIER> 1000
       
<S>                             <C>
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          OCT-31-1998
<PERIOD-END>                               APR-30-1998
<INVESTMENTS-AT-COST>                           335663
<INVESTMENTS-AT-VALUE>                          429153
<RECEIVABLES>                                     2917
<ASSETS-OTHER>                                      76
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                                  432146
<PAYABLE-FOR-SECURITIES>                          1063
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                         1665
<TOTAL-LIABILITIES>                               2728
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                          1311
<SHARES-COMMON-STOCK>                              118
<SHARES-COMMON-PRIOR>                               17
<ACCUMULATED-NII-CURRENT>                       (9305)
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                          36168
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                         93490
<NET-ASSETS>                                    429418
<DIVIDEND-INCOME>                                 1262
<INTEREST-INCOME>                                  647
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                    3552
<NET-INVESTMENT-INCOME>                         (1643)
<REALIZED-GAINS-CURRENT>                         32510
<APPREC-INCREASE-CURRENT>                        32236
<NET-CHANGE-FROM-OPS>                            63103
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                            0
<DISTRIBUTIONS-OF-GAINS>                          (54)
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                            115
<NUMBER-OF-SHARES-REDEEMED>                         20
<SHARES-REINVESTED>                                  5
<NET-CHANGE-IN-ASSETS>                           71928
<ACCUMULATED-NII-PRIOR>                         (7662)
<ACCUMULATED-GAINS-PRIOR>                        50213
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                             1432
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                   3552
<AVERAGE-NET-ASSETS>                               694
<PER-SHARE-NAV-BEGIN>                            11.50
<PER-SHARE-NII>                                  (.05)
<PER-SHARE-GAIN-APPREC>                           1.72
<PER-SHARE-DIVIDEND>                                 0
<PER-SHARE-DISTRIBUTIONS>                       (1.49)
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              11.68
<EXPENSE-RATIO>                                   2.02
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        

</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<SERIES>
   <NUMBER> 7
   <NAME> ALGER BALANCED PORTFOLIO CL. B
<MULTIPLIER> 1000
       
<S>                             <C>
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          OCT-31-1998
<PERIOD-END>                               APR-30-1998
<INVESTMENTS-AT-COST>                            14481
<INVESTMENTS-AT-VALUE>                           17205
<RECEIVABLES>                                      247
<ASSETS-OTHER>                                      68
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                                   17520
<PAYABLE-FOR-SECURITIES>                           120
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                          354
<TOTAL-LIABILITIES>                                474
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                         12876
<SHARES-COMMON-STOCK>                             1015
<SHARES-COMMON-PRIOR>                              768
<ACCUMULATED-NII-CURRENT>                         (48)
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                            713
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                          2724
<NET-ASSETS>                                     17046
<DIVIDEND-INCOME>                                   37
<INTEREST-INCOME>                                  182
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                     201
<NET-INVESTMENT-INCOME>                             18
<REALIZED-GAINS-CURRENT>                           711
<APPREC-INCREASE-CURRENT>                         1154
<NET-CHANGE-FROM-OPS>                             1883
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                          (9)
<DISTRIBUTIONS-OF-GAINS>                        (1780)
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                            284
<NUMBER-OF-SHARES-REDEEMED>                        159
<SHARES-REINVESTED>                                122
<NET-CHANGE-IN-ASSETS>                            3886
<ACCUMULATED-NII-PRIOR>                           (55)
<ACCUMULATED-GAINS-PRIOR>                         1853
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                               57
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                    201
<AVERAGE-NET-ASSETS>                             14765
<PER-SHARE-NAV-BEGIN>                            16.48
<PER-SHARE-NII>                                    .03
<PER-SHARE-GAIN-APPREC>                           1.68
<PER-SHARE-DIVIDEND>                             (.01)
<PER-SHARE-DISTRIBUTIONS>                       (2.20)
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              15.98
<EXPENSE-RATIO>                                   2.66
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        

</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<SERIES>
   <NUMBER> 71
   <NAME> ALGER BALANCED PORTFOLIO CL. A
<MULTIPLIER> 1000
       
<S>                             <C>
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          OCT-31-1998
<PERIOD-END>                               APR-30-1998
<INVESTMENTS-AT-COST>                            14481
<INVESTMENTS-AT-VALUE>                           17205
<RECEIVABLES>                                      247
<ASSETS-OTHER>                                      68
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                                   17520
<PAYABLE-FOR-SECURITIES>                           120
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                          354
<TOTAL-LIABILITIES>                                474
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                           637
<SHARES-COMMON-STOCK>                               42
<SHARES-COMMON-PRIOR>                               28
<ACCUMULATED-NII-CURRENT>                         (48)
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                            713
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                          2724
<NET-ASSETS>                                     17046
<DIVIDEND-INCOME>                                   37
<INTEREST-INCOME>                                  182
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                     201
<NET-INVESTMENT-INCOME>                             18
<REALIZED-GAINS-CURRENT>                           711
<APPREC-INCREASE-CURRENT>                         1154
<NET-CHANGE-FROM-OPS>                             1883
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                          (2)
<DISTRIBUTIONS-OF-GAINS>                          (64)
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                             37
<NUMBER-OF-SHARES-REDEEMED>                         27
<SHARES-REINVESTED>                                  5
<NET-CHANGE-IN-ASSETS>                            3886
<ACCUMULATED-NII-PRIOR>                           (55)
<ACCUMULATED-GAINS-PRIOR>                         1853
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                               57
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                    201
<AVERAGE-NET-ASSETS>                               565
<PER-SHARE-NAV-BEGIN>                            16.58
<PER-SHARE-NII>                                    .07
<PER-SHARE-GAIN-APPREC>                           1.72
<PER-SHARE-DIVIDEND>                             (.06)
<PER-SHARE-DISTRIBUTIONS>                       (2.20)
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              16.11
<EXPENSE-RATIO>                                   1.89
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        

</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<SERIES>
   <NUMBER> 72
   <NAME> ALGER BALANCED PORTFOLIO CL. C
<MULTIPLIER> 1000
       
<S>                             <C>
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          OCT-31-1998
<PERIOD-END>                               APR-30-1998
<INVESTMENTS-AT-COST>                            14481
<INVESTMENTS-AT-VALUE>                           17205
<RECEIVABLES>                                      247
<ASSETS-OTHER>                                      68
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                                   17520
<PAYABLE-FOR-SECURITIES>                           120
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                          354
<TOTAL-LIABILITIES>                                474
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                           144
<SHARES-COMMON-STOCK>                                9
<SHARES-COMMON-PRIOR>                                3
<ACCUMULATED-NII-CURRENT>                         (48)
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                            713
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                          2724
<NET-ASSETS>                                     17046
<DIVIDEND-INCOME>                                   37
<INTEREST-INCOME>                                  182
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                     201
<NET-INVESTMENT-INCOME>                             18
<REALIZED-GAINS-CURRENT>                           711
<APPREC-INCREASE-CURRENT>                         1154
<NET-CHANGE-FROM-OPS>                             1883
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                            0
<DISTRIBUTIONS-OF-GAINS>                           (7)
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                              7
<NUMBER-OF-SHARES-REDEEMED>                          2
<SHARES-REINVESTED>                                  1
<NET-CHANGE-IN-ASSETS>                            3886
<ACCUMULATED-NII-PRIOR>                           (55)
<ACCUMULATED-GAINS-PRIOR>                         1853
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                               57
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                    201
<AVERAGE-NET-ASSETS>                                88
<PER-SHARE-NAV-BEGIN>                            16.49
<PER-SHARE-NII>                                    .02
<PER-SHARE-GAIN-APPREC>                           1.70
<PER-SHARE-DIVIDEND>                                 0
<PER-SHARE-DISTRIBUTIONS>                       (2.20)
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              16.01
<EXPENSE-RATIO>                                   2.62
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        

</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<SERIES>
   <NUMBER> 8
   <NAME> ALGER MIDCAP GROWTH CL. B
<MULTIPLIER> 1000
       
<S>                             <C>
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          OCT-31-1998
<PERIOD-END>                               APR-30-1998
<INVESTMENTS-AT-COST>                           173940
<INVESTMENTS-AT-VALUE>                          205081
<RECEIVABLES>                                     1747
<ASSETS-OTHER>                                      61
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                                  206889
<PAYABLE-FOR-SECURITIES>                          5602
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                          666
<TOTAL-LIABILITIES>                               6268
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                        142203
<SHARES-COMMON-STOCK>                             8390
<SHARES-COMMON-PRIOR>                             7454
<ACCUMULATED-NII-CURRENT>                       (5734)
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                          19954
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                         31141
<NET-ASSETS>                                    200621
<DIVIDEND-INCOME>                                  307
<INTEREST-INCOME>                                  263
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                    1878
<NET-INVESTMENT-INCOME>                         (1308)
<REALIZED-GAINS-CURRENT>                         16750
<APPREC-INCREASE-CURRENT>                         6981
<NET-CHANGE-FROM-OPS>                            22423
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                            0
<DISTRIBUTIONS-OF-GAINS>                       (18402)
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                           5056
<NUMBER-OF-SHARES-REDEEMED>                       5072
<SHARES-REINVESTED>                                952
<NET-CHANGE-IN-ASSETS>                           28626
<ACCUMULATED-NII-PRIOR>                         (4426)
<ACCUMULATED-GAINS-PRIOR>                        22190
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                              716
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                   1878
<AVERAGE-NET-ASSETS>                            172090
<PER-SHARE-NAV-BEGIN>                            22.33
<PER-SHARE-NII>                                  (.16)
<PER-SHARE-GAIN-APPREC>                           2.44
<PER-SHARE-DIVIDEND>                                 0
<PER-SHARE-DISTRIBUTIONS>                       (2.46)
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              22.15
<EXPENSE-RATIO>                                   2.13
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        

</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<SERIES>
   <NUMBER> 81
   <NAME> ALGER MIDCAP GROWTH PORTFOLIO CL. A
<MULTIPLIER> 1000
       
<S>                             <C>
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          OCT-31-1998
<PERIOD-END>                               APR-30-1998
<INVESTMENTS-AT-COST>                           173940
<INVESTMENTS-AT-VALUE>                          205081
<RECEIVABLES>                                     1747
<ASSETS-OTHER>                                      61
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                                  206889
<PAYABLE-FOR-SECURITIES>                          5602
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                          666
<TOTAL-LIABILITIES>                               6268
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                         12419
<SHARES-COMMON-STOCK>                              631
<SHARES-COMMON-PRIOR>                              242
<ACCUMULATED-NII-CURRENT>                       (5734)
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                          19954
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                         31141
<NET-ASSETS>                                    200621
<DIVIDEND-INCOME>                                  307
<INTEREST-INCOME>                                  263
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                    1878
<NET-INVESTMENT-INCOME>                         (1308)
<REALIZED-GAINS-CURRENT>                         16750
<APPREC-INCREASE-CURRENT>                         6981
<NET-CHANGE-FROM-OPS>                            22423
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                            0
<DISTRIBUTIONS-OF-GAINS>                         (574)
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                           3747
<NUMBER-OF-SHARES-REDEEMED>                       3387
<SHARES-REINVESTED>                                 29
<NET-CHANGE-IN-ASSETS>                           28626
<ACCUMULATED-NII-PRIOR>                         (4426)
<ACCUMULATED-GAINS-PRIOR>                        22190
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                              716
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                   1878
<AVERAGE-NET-ASSETS>                              7980
<PER-SHARE-NAV-BEGIN>                            22.46
<PER-SHARE-NII>                                  (.07)
<PER-SHARE-GAIN-APPREC>                           2.46
<PER-SHARE-DIVIDEND>                                 0
<PER-SHARE-DISTRIBUTIONS>                       (2.46)
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              22.39
<EXPENSE-RATIO>                                   1.37
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        

</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<SERIES>
   <NUMBER> 82
   <NAME> ALGER MIDCAP GROWTH PORTFOLIO CL. C
<MULTIPLIER> 1000
       
<S>                             <C>
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          OCT-31-1998
<PERIOD-END>                               APR-30-1998
<INVESTMENTS-AT-COST>                           173940
<INVESTMENTS-AT-VALUE>                          205081
<RECEIVABLES>                                     1747
<ASSETS-OTHER>                                      61
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                                  206889
<PAYABLE-FOR-SECURITIES>                          5602
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                          666
<TOTAL-LIABILITIES>                               6268
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                           639
<SHARES-COMMON-STOCK>                               30
<SHARES-COMMON-PRIOR>                                4
<ACCUMULATED-NII-CURRENT>                       (5734)
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                          19954
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                         31141
<NET-ASSETS>                                    200621
<DIVIDEND-INCOME>                                  307
<INTEREST-INCOME>                                  263
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                    1878
<NET-INVESTMENT-INCOME>                         (1308)
<REALIZED-GAINS-CURRENT>                         16750
<APPREC-INCREASE-CURRENT>                         6981
<NET-CHANGE-FROM-OPS>                            22423
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                            0
<DISTRIBUTIONS-OF-GAINS>                            19
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                            187
<NUMBER-OF-SHARES-REDEEMED>                        162
<SHARES-REINVESTED>                                  1
<NET-CHANGE-IN-ASSETS>                           28626
<ACCUMULATED-NII-PRIOR>                         (4426)
<ACCUMULATED-GAINS-PRIOR>                        22190
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                              716
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                   1878
<AVERAGE-NET-ASSETS>                               444
<PER-SHARE-NAV-BEGIN>                            22.33
<PER-SHARE-NII>                                  (.18)
<PER-SHARE-GAIN-APPREC>                           2.43
<PER-SHARE-DIVIDEND>                                 0
<PER-SHARE-DISTRIBUTIONS>                       (2.46)
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              22.12
<EXPENSE-RATIO>                                   2.12
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        

</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<SERIES>
   <NUMBER> 9
   <NAME> ALGER CAPITAL APPRECIATION PORTFOLIO CL. B
<MULTIPLIER> 1000
       
<S>                             <C>
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          OCT-31-1998
<PERIOD-END>                               APR-30-1998
<INVESTMENTS-AT-COST>                           231202
<INVESTMENTS-AT-VALUE>                          279232
<RECEIVABLES>                                     2065
<ASSETS-OTHER>                                     125
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                                  281422
<PAYABLE-FOR-SECURITIES>                          2048
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                         1325
<TOTAL-LIABILITIES>                               3373
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                        187053
<SHARES-COMMON-STOCK>                             8937
<SHARES-COMMON-PRIOR>                             8189
<ACCUMULATED-NII-CURRENT>                       (6923)
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                          23030
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                         48030
<NET-ASSETS>                                    278049
<DIVIDEND-INCOME>                                  705
<INTEREST-INCOME>                                  243
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                    2713
<NET-INVESTMENT-INCOME>                         (1765)
<REALIZED-GAINS-CURRENT>                         18075
<APPREC-INCREASE-CURRENT>                        17827
<NET-CHANGE-FROM-OPS>                            34137
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                            0
<DISTRIBUTIONS-OF-GAINS>                       (13178)
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                           9834
<NUMBER-OF-SHARES-REDEEMED>                       9627
<SHARES-REINVESTED>                                541
<NET-CHANGE-IN-ASSETS>                           48951
<ACCUMULATED-NII-PRIOR>                         (5158)
<ACCUMULATED-GAINS-PRIOR>                        19075
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                             1038
<INTEREST-EXPENSE>                                  87
<GROSS-EXPENSE>                                   2713
<AVERAGE-NET-ASSETS>                            224777
<PER-SHARE-NAV-BEGIN>                            26.00
<PER-SHARE-NII>                                  (.14)
<PER-SHARE-GAIN-APPREC>                           3.39
<PER-SHARE-DIVIDEND>                                 0
<PER-SHARE-DISTRIBUTIONS>                       (1.61)
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              27.64
<EXPENSE-RATIO>                                   2.28
<AVG-DEBT-OUTSTANDING>                            2656
<AVG-DEBT-PER-SHARE>                               .28
        

</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<SERIES>
   <NUMBER> 91
   <NAME> ALGER CAPITAL APPRECIATION PORTFOLIO CL A
<MULTIPLIER> 1000
       
<S>                             <C>
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          OCT-31-1998
<PERIOD-END>                               APR-30-1998
<INVESTMENTS-AT-COST>                           231202
<INVESTMENTS-AT-VALUE>                          279232
<RECEIVABLES>                                     2065
<ASSETS-OTHER>                                     125
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                                  281422
<PAYABLE-FOR-SECURITIES>                          2048
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                         1325
<TOTAL-LIABILITIES>                               3373
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                         25032
<SHARES-COMMON-STOCK>                             1045
<SHARES-COMMON-PRIOR>                              595
<ACCUMULATED-NII-CURRENT>                       (6923)
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                          23030
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                         48030
<NET-ASSETS>                                    278049
<DIVIDEND-INCOME>                                  705
<INTEREST-INCOME>                                  243
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                    2713
<NET-INVESTMENT-INCOME>                         (1765)
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   <NAME> ALGER CAPITAL APPRECIATION PORTFOLIO CL. C
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