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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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SIGNATURE GREGORY S. DUCH
TITLE TREASURER
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<NAME> ALGER MONEY MARKET PORTFOLIO
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<TABLE> <S> <C>
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<SERIES>
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<NAME> ALGER SMALL CAPITALIZATION CL B
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<S> <C>
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</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 51
<NAME> ALGER SMALL CAPITALIZATION CL A
<MULTIPLIER> 1000
<S> <C>
<PERIOD-TYPE> 12-MOS
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<PERIOD-END> OCT-31-1998
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<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 52
<NAME> ALGER SMALL CAPITALIZATION CL C
<MULTIPLIER> 1000
<S> <C>
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<PERIOD-END> OCT-31-1998
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<TABLE> <S> <C>
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<NAME> ALGER GROWTH CL B
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<NAME> ALGER GROWTH CL A
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<NAME> ALGER GROWTH CL C
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<SHARES-REINVESTED> 122
<NET-CHANGE-IN-ASSETS> 7810
<ACCUMULATED-NII-PRIOR> (55)
<ACCUMULATED-GAINS-PRIOR> 1853
<OVERDISTRIB-NII-PRIOR> 0
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<GROSS-ADVISORY-FEES> 126
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 426
<AVERAGE-NET-ASSETS> 15941
<PER-SHARE-NAV-BEGIN> 16.48
<PER-SHARE-NII> .03
<PER-SHARE-GAIN-APPREC> 2.34
<PER-SHARE-DIVIDEND> (.01)
<PER-SHARE-DISTRIBUTIONS> (2.20)
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<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 71
<NAME> ALGER BALANCED CL A
<MULTIPLIER> 1000
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> OCT-31-1998
<PERIOD-END> OCT-31-1998
<INVESTMENTS-AT-COST> 17734
<INVESTMENTS-AT-VALUE> 20720
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<ASSETS-OTHER> 63
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 21163
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<TOTAL-LIABILITIES> 193
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 16780
<SHARES-COMMON-STOCK> 80
<SHARES-COMMON-PRIOR> 42
<ACCUMULATED-NII-CURRENT> (27)
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 1231
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 2986
<NET-ASSETS> 20970
<DIVIDEND-INCOME> 75
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<EXPENSES-NET> 426
<NET-INVESTMENT-INCOME> 39
<REALIZED-GAINS-CURRENT> 1229
<APPREC-INCREASE-CURRENT> 1416
<NET-CHANGE-FROM-OPS> 2684
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (2)
<DISTRIBUTIONS-OF-GAINS> (64)
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<NUMBER-OF-SHARES-SOLD> 148
<NUMBER-OF-SHARES-REDEEMED> 100
<SHARES-REINVESTED> 5
<NET-CHANGE-IN-ASSETS> 7810
<ACCUMULATED-NII-PRIOR> (55)
<ACCUMULATED-GAINS-PRIOR> 1853
<OVERDISTRIB-NII-PRIOR> 0
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<GROSS-ADVISORY-FEES> 126
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 426
<AVERAGE-NET-ASSETS> 985
<PER-SHARE-NAV-BEGIN> 16.58
<PER-SHARE-NII> .16
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<PER-SHARE-DIVIDEND> (.06)
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<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 72
<NAME> ALGER BALANCED CL C
<MULTIPLIER> 1000
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> OCT-31-1998
<PERIOD-END> OCT-31-1998
<INVESTMENTS-AT-COST> 17734
<INVESTMENTS-AT-VALUE> 20720
<RECEIVABLES> 380
<ASSETS-OTHER> 63
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 21163
<PAYABLE-FOR-SECURITIES> 129
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 64
<TOTAL-LIABILITIES> 193
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 16780
<SHARES-COMMON-STOCK> 20
<SHARES-COMMON-PRIOR> 9
<ACCUMULATED-NII-CURRENT> (27)
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 1231
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 2986
<NET-ASSETS> 20970
<DIVIDEND-INCOME> 75
<INTEREST-INCOME> 390
<OTHER-INCOME> 0
<EXPENSES-NET> 426
<NET-INVESTMENT-INCOME> 39
<REALIZED-GAINS-CURRENT> 1229
<APPREC-INCREASE-CURRENT> 1416
<NET-CHANGE-FROM-OPS> 2684
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> (7)
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 21
<NUMBER-OF-SHARES-REDEEMED> 4
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> 7810
<ACCUMULATED-NII-PRIOR> (55)
<ACCUMULATED-GAINS-PRIOR> 1853
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 126
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 426
<AVERAGE-NET-ASSETS> 641
<PER-SHARE-NAV-BEGIN> 16.49
<PER-SHARE-NII> .04
<PER-SHARE-GAIN-APPREC> 2.33
<PER-SHARE-DIVIDEND> 0
<PER-SHARE-DISTRIBUTIONS> (2.20)
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 16.66
<EXPENSE-RATIO> 2.53
<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> 12-MOS
<FISCAL-YEAR-END> OCT-31-1998
<PERIOD-END> OCT-31-1998
<INVESTMENTS-AT-COST> 216337
<INVESTMENTS-AT-VALUE> 229689
<RECEIVABLES> 4723
<ASSETS-OTHER> 11
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 234423
<PAYABLE-FOR-SECURITIES> 6513
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 1770
<TOTAL-LIABILITIES> 8283
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 187453
<SHARES-COMMON-STOCK> 9187
<SHARES-COMMON-PRIOR> 8390
<ACCUMULATED-NII-CURRENT> (6946)
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 32281
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 13352
<NET-ASSETS> 226140
<DIVIDEND-INCOME> 616
<INTEREST-INCOME> 755
<OTHER-INCOME> 0
<EXPENSES-NET> 3891
<NET-INVESTMENT-INCOME> (2520)
<REALIZED-GAINS-CURRENT> 29077
<APPREC-INCREASE-CURRENT> (10808)
<NET-CHANGE-FROM-OPS> 15749
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> (18402)
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 9670
<NUMBER-OF-SHARES-REDEEMED> 8889
<SHARES-REINVESTED> 952
<NET-CHANGE-IN-ASSETS> 54145
<ACCUMULATED-NII-PRIOR> (4426)
<ACCUMULATED-GAINS-PRIOR> 22190
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 1517
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 3891
<AVERAGE-NET-ASSETS> 177260
<PER-SHARE-NAV-BEGIN> 22.33
<PER-SHARE-NII> (.29)
<PER-SHARE-GAIN-APPREC> 1.31
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<PER-SHARE-DISTRIBUTIONS> (2.46)
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<PER-SHARE-NAV-END> 20.89
<EXPENSE-RATIO> 2.10
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 81
<NAME> ALGER MIDCAP GROWTH CL A
<MULTIPLIER> 1000
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> OCT-31-1998
<PERIOD-END> OCT-31-1998
<INVESTMENTS-AT-COST> 216337
<INVESTMENTS-AT-VALUE> 229689
<RECEIVABLES> 4723
<ASSETS-OTHER> 11
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 234423
<PAYABLE-FOR-SECURITIES> 6513
<SENIOR-LONG-TERM-DEBT> 0
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<TOTAL-LIABILITIES> 8283
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 187453
<SHARES-COMMON-STOCK> 1531
<SHARES-COMMON-PRIOR> 631
<ACCUMULATED-NII-CURRENT> (6946)
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 32281
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 13352
<NET-ASSETS> 226140
<DIVIDEND-INCOME> 616
<INTEREST-INCOME> 755
<OTHER-INCOME> 0
<EXPENSES-NET> 3891
<NET-INVESTMENT-INCOME> (2520)
<REALIZED-GAINS-CURRENT> 29077
<APPREC-INCREASE-CURRENT> (10808)
<NET-CHANGE-FROM-OPS> 15749
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> (574)
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 17791
<NUMBER-OF-SHARES-REDEEMED> 16530
<SHARES-REINVESTED> 29
<NET-CHANGE-IN-ASSETS> 54145
<ACCUMULATED-NII-PRIOR> (4426)
<ACCUMULATED-GAINS-PRIOR> 22190
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 1517
<INTEREST-EXPENSE> 0
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<AVERAGE-NET-ASSETS> 17536
<PER-SHARE-NAV-BEGIN> 22.46
<PER-SHARE-NII> (.10)
<PER-SHARE-GAIN-APPREC> 1.31
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<PER-SHARE-DISTRIBUTIONS> (2.46)
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 21.21
<EXPENSE-RATIO> 1.34
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 82
<NAME> ALGER MIDCAP GROWTH CL C
<MULTIPLIER> 1000
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> OCT-31-1998
<PERIOD-END> OCT-31-1998
<INVESTMENTS-AT-COST> 216337
<INVESTMENTS-AT-VALUE> 229689
<RECEIVABLES> 4723
<ASSETS-OTHER> 11
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 234423
<PAYABLE-FOR-SECURITIES> 6513
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 1770
<TOTAL-LIABILITIES> 8283
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 187453
<SHARES-COMMON-STOCK> 84
<SHARES-COMMON-PRIOR> 30
<ACCUMULATED-NII-CURRENT> (6946)
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 32281
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 13352
<NET-ASSETS> 226140
<DIVIDEND-INCOME> 616
<INTEREST-INCOME> 755
<OTHER-INCOME> 0
<EXPENSES-NET> 3891
<NET-INVESTMENT-INCOME> (2520)
<REALIZED-GAINS-CURRENT> 29077
<APPREC-INCREASE-CURRENT> (10808)
<NET-CHANGE-FROM-OPS> 15749
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> (19)
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<NUMBER-OF-SHARES-SOLD> 253
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<SHARES-REINVESTED> 1
<NET-CHANGE-IN-ASSETS> 54145
<ACCUMULATED-NII-PRIOR> (4426)
<ACCUMULATED-GAINS-PRIOR> 22190
<OVERDISTRIB-NII-PRIOR> 0
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<AVERAGE-NET-ASSETS> 3283
<PER-SHARE-NAV-BEGIN> 22.33
<PER-SHARE-NII> (.28)
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<EXPENSE-RATIO> 2.08
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 9
<NAME> ALGER CAPITAL APPRECIATION CL B
<MULTIPLIER> 1000
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> OCT-31-1998
<PERIOD-END> OCT-31-1998
<INVESTMENTS-AT-COST> 262577
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<PAID-IN-CAPITAL-COMMON> 239415
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<SHARES-COMMON-PRIOR> 8937
<ACCUMULATED-NII-CURRENT> (8771)
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 33123
<OVERDISTRIBUTION-GAINS> 0
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<NET-ASSETS> 300323
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<EXPENSES-NET> 5633
<NET-INVESTMENT-INCOME> (3613)
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<APPREC-INCREASE-CURRENT> 6353
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<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> (13178)
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<NUMBER-OF-SHARES-SOLD> 21533
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<NET-CHANGE-IN-ASSETS> 71225
<ACCUMULATED-NII-PRIOR> (5158)
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</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 91
<NAME> ALGER CAPITAL APPRECIATION CL A
<MULTIPLIER> 1000
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> OCT-31-1998
<PERIOD-END> OCT-31-1998
<INVESTMENTS-AT-COST> 262577
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<PAID-IN-CAPITAL-COMMON> 239415
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<SHARES-COMMON-PRIOR> 1045
<ACCUMULATED-NII-CURRENT> (8771)
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</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 92
<NAME> ALGER CAPITAL APPRECIATION CL C
<MULTIPLIER> 1000
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> OCT-31-1998
<PERIOD-END> OCT-31-1998
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</TABLE>
