<PAGE> PAGE 1
000 A000000 04/30/99
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 1 WORLD TRADE CENTER
002 B000000 NEW YORK
002 C000000 NY
002 D010000 10048
003 000000 N
004 000000 N
005 000000 N
006 000000 N
007 A000000 Y
007 B000000 6
020 A000001 FRED ALGER & COMPANY, INCORPORATED
020 B000001 13-2665689
020 C000001 2340
020 A000002 INSTINET CORP.
020 B000002 13-3443395
020 C000002 12
020 A000003 PAINE WEBBER INC.
020 B000003 13-2638166
020 C000003 1
020 C000004 0
020 C000005 0
020 C000006 0
020 C000007 0
020 C000008 0
020 C000009 0
020 C000010 0
021 000000 2353
022 A000001 MERRILL LYNCH PIERCE FENNER & SMITH
022 B000001 13-5674085
022 C000001 18309942
022 D000001 3945191
022 A000002 LEHMAN BROTHERS INC.
022 B000002 13-2518466
022 C000002 178174
022 D000002 118002
022 A000003 PRUDENTIAL SECURITIES INC.
022 B000003 22-2347366
022 C000003 95812
022 D000003 38892
<PAGE> PAGE 2
022 A000004 MORGAN STANLEY & CO., INC.
022 B000004 13-2655998
022 C000004 70909
022 D000004 28077
022 A000005 BT ALEX BROWN
022 B000005 52-1319768
022 C000005 62237
022 D000005 30963
022 A000006 GOLDMAN SACHS & CO.
022 B000006 13-5108880
022 C000006 48340
022 D000006 32204
022 A000007 DONALDSON LUFKIN JENRETTE & CO.
022 B000007 13-2730828
022 C000007 42888
022 D000007 31140
022 A000008 CREDIT SUISSE FIRST BOSTON, CORP.
022 B000008 13-5659485
022 C000008 35227
022 D000008 37232
022 A000009 JOSEPHTHAL LYONS & ROSS INC.
022 B000009 13-1850914
022 C000009 28970
022 D000009 38651
022 A000010 DAIN RAUSCHER INC.
022 B000010 41-0212020
022 C000010 28711
022 D000010 30027
023 C000000 19207944
023 D000000 4532449
077 A000000 N
025 A000101 MERRILL LYNCH & CO., INC.
025 B000101 13-5674085
025 C000101 D
025 D000101 7671
025 A000102 DELETE
025 D000102 0
025 D000103 0
025 D000104 0
025 D000105 0
025 D000106 0
025 D000107 0
025 D000108 0
028 A010100 348967
028 A020100 601
028 A030100 0
028 A040100 349183
028 B010100 766170
028 B020100 642
028 B030100 0
028 B040100 705730
<PAGE> PAGE 3
028 C010100 671979
028 C020100 680
028 C030100 0
028 C040100 695378
028 D010100 853877
028 D020100 783
028 D030100 0
028 D040100 683310
028 E010100 737110
028 E020100 774
028 E030100 0
028 E040100 829325
028 F010100 633869
028 F020100 743
028 F030100 0
028 F040100 598909
028 G010100 4011972
028 G020100 4223
028 G030100 0
028 G040100 3861835
028 H000100 0
055 A000100 Y
055 B000100 Y
056 000100 Y
057 000100 N
062 A000100 Y
062 B000100 0.0
062 C000100 60.1
062 D000100 0.0
062 E000100 0.0
062 F000100 2.4
062 G000100 0.0
062 H000100 0.0
062 I000100 46.4
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 29
063 B000100 0.0
064 A000100 Y
064 B000100 N
066 A000100 N
067 000100 N
068 A000100 N
068 B000100 N
<PAGE> PAGE 4
069 000100 N
071 A000100 0
071 B000100 0
071 C000100 0
071 D000100 0
072 A000100 6
072 B000100 6391
072 C000100 0
072 D000100 0
072 E000100 0
072 F000100 652
072 G000100 0
072 H000100 0
072 I000100 232
072 J000100 29
072 K000100 0
072 L000100 0
072 M000100 3
072 N000100 85
072 O000100 0
072 P000100 7
072 Q000100 0
072 R000100 7
072 S000100 3
072 T000100 0
072 U000100 0
072 V000100 0
072 W000100 10
072 X000100 1028
072 Y000100 0
072 Z000100 5363
072AA000100 0
072BB000100 0
072CC010100 0
072CC020100 0
072DD010100 5363
072DD020100 0
072EE000100 0
073 A010100 0.0206
073 A020100 0.0000
073 B000100 0.0000
073 C000100 0.0000
074 A000100 718
074 B000100 0
074 C000100 356473
074 D000100 0
074 E000100 0
074 F000100 0
074 G000100 0
074 H000100 0
074 I000100 0
<PAGE> PAGE 5
074 J000100 0
074 K000100 0
074 L000100 983
074 M000100 25
074 N000100 358199
074 O000100 0
074 P000100 0
074 Q000100 0
074 R010100 0
074 R020100 0
074 R030100 0
074 R040100 30977
074 S000100 0
074 T000100 327222
074 U010100 327293
074 U020100 0
074 V010100 1.00
074 V020100 0.00
074 W000100 0.9998
074 X000100 18026
074 Y000100 0
075 A000100 255638
075 B000100 0
076 000100 0.00
062 A000400 N
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 0.0
062 J000400 0.0
062 K000400 0.0
062 L000400 0.0
062 M000400 0.0
062 N000400 0.0
062 O000400 0.0
062 P000400 0.0
062 Q000400 0.0
062 R000400 0.0
074 N000400 0
074 T000400 0
075 A000400 0
075 B000400 0
025 A000501 DELETE
025 D000501 0
025 D000502 0
025 D000503 0
025 D000504 0
<PAGE> PAGE 6
025 D000505 0
025 D000506 0
025 D000507 0
025 D000508 0
028 A010500 180392
028 A020500 0
028 A030500 0
028 A040500 193306
028 B010500 392649
028 B020500 52805
028 B030500 0
028 B040500 414159
028 C010500 393143
028 C020500 0
028 C030500 0
028 C040500 381016
028 D010500 395595
028 D020500 0
028 D030500 0
028 D040500 506775
028 E010500 436674
028 E020500 0
028 E030500 0
028 E040500 403536
028 F010500 310860
028 F020500 0
028 F030500 0
028 F040500 339446
028 G010500 2109313
028 G020500 52805
028 G030500 0
028 G040500 2238238
028 H000500 0
029 000500 Y
030 A000500 106
030 B000500 4.75
030 C000500 0.00
031 A000500 10
031 B000500 0
032 000500 96
033 000500 0
034 000500 Y
035 000500 594
036 A000500 N
036 B000500 0
042 A000500 0
042 B000500 0
042 C000500 100
042 D000500 0
042 E000500 0
042 F000500 0
<PAGE> PAGE 7
042 G000500 0
042 H000500 0
043 000500 1823
044 000500 0
055 A000500 Y
055 B000500 Y
056 000500 Y
057 000500 N
062 A000500 N
062 B000500 0.0
062 C000500 0.0
062 D000500 0.0
062 E000500 0.0
062 F000500 0.0
062 G000500 0.0
062 H000500 0.0
062 I000500 0.0
062 J000500 0.0
062 K000500 0.0
062 L000500 0.0
062 M000500 0.0
062 N000500 0.0
062 O000500 0.0
062 P000500 0.0
062 Q000500 0.0
062 R000500 0.0
066 A000500 Y
066 B000500 Y
066 C000500 N
066 D000500 N
066 E000500 N
066 F000500 N
066 G000500 N
067 000500 N
068 A000500 N
068 B000500 N
069 000500 N
070 A010500 Y
070 A020500 N
070 B010500 N
070 B020500 N
070 C010500 N
070 C020500 N
070 D010500 N
070 D020500 N
070 E010500 N
070 E020500 N
070 F010500 N
070 F020500 N
070 G010500 N
070 G020500 N
<PAGE> PAGE 8
070 H010500 N
070 H020500 N
070 I010500 N
070 I020500 N
070 J010500 Y
070 J020500 Y
070 K010500 N
070 K020500 N
070 L010500 Y
070 L020500 N
070 M010500 N
070 M020500 N
070 N010500 Y
070 N020500 N
070 O010500 Y
070 O020500 Y
070 P010500 Y
070 P020500 N
070 Q010500 N
070 Q020500 N
070 R010500 Y
070 R020500 N
071 A000500 317216
071 B000500 353753
071 C000500 499056
071 D000500 64
072 A000500 6
072 B000500 1206
072 C000500 547
072 D000500 0
072 E000500 0
072 F000500 2323
072 G000500 0
072 H000500 0
072 I000500 1186
072 J000500 37
072 K000500 0
072 L000500 30
072 M000500 3
072 N000500 15
072 O000500 1
072 P000500 88
072 Q000500 0
072 R000500 4
072 S000500 6
072 T000500 1823
072 U000500 0
072 V000500 0
072 W000500 35
072 X000500 5551
072 Y000500 0
<PAGE> PAGE 9
072 Z000500 -3798
072AA000500 91802
072BB000500 32247
072CC010500 84661
072CC020500 0
072DD010500 0
072DD020500 0
072EE000500 55370
073 A010500 0.0000
073 A020500 0.0000
073 B000500 1.0200
073 C000500 0.0000
074 A000500 59
074 B000500 0
074 C000500 0
074 D000500 0
074 E000500 0
074 F000500 541044
074 G000500 0
074 H000500 0
074 I000500 0
074 J000500 11069
074 K000500 0
074 L000500 12453
074 M000500 18
074 N000500 564643
074 O000500 14609
074 P000500 0
074 Q000500 0
074 R010500 0
074 R020500 0
074 R030500 0
074 R040500 15964
074 S000500 0
074 T000500 534070
074 U010500 52241
074 U020500 487
074 V010500 0.00
074 V020500 0.00
074 W000500 0.0000
074 X000500 47285
074 Y000500 0
075 A000500 0
075 B000500 550564
076 000500 0.00
025 A000601 MORGAN STANLEY, DEAN WITTER & CO.
025 B000601 13-2655998
025 C000601 E
025 D000601 24251
025 D000602 0
025 D000603 0
<PAGE> PAGE 10
025 D000604 0
025 D000605 0
025 D000606 0
025 D000607 0
025 D000608 0
028 A010600 62372
028 A020600 0
028 A030600 0
028 A040600 46844
028 B010600 217988
028 B020600 47135
028 B030600 0
028 B040600 200979
028 C010600 201613
028 C020600 0
028 C030600 0
028 C040600 166431
028 D010600 225090
028 D020600 0
028 D030600 0
028 D040600 279526
028 E010600 211939
028 E020600 0
028 E030600 0
028 E040600 133858
028 F010600 164613
028 F020600 0
028 F030600 0
028 F040600 172508
028 G010600 1083615
028 G020600 47135
028 G030600 0
028 G040600 1000146
028 H000600 0
029 000600 Y
030 A000600 410
030 B000600 4.75
030 C000600 0.00
031 A000600 24
031 B000600 0
032 000600 386
033 000600 0
034 000600 Y
035 000600 283
036 A000600 N
036 B000600 0
042 A000600 0
042 B000600 0
042 C000600 100
042 D000600 0
042 E000600 0
<PAGE> PAGE 11
042 F000600 0
042 G000600 0
042 H000600 0
043 000600 1895
044 000600 0
055 A000600 Y
055 B000600 Y
056 000600 Y
057 000600 N
062 A000600 N
062 B000600 0.0
062 C000600 0.0
062 D000600 0.0
062 E000600 0.0
062 F000600 0.0
062 G000600 0.0
062 H000600 0.0
062 I000600 0.0
062 J000600 0.0
062 K000600 0.0
062 L000600 0.0
062 M000600 0.0
062 N000600 0.0
062 O000600 0.0
062 P000600 0.0
062 Q000600 0.0
062 R000600 0.0
066 A000600 Y
066 B000600 N
066 C000600 N
066 D000600 Y
066 E000600 N
066 F000600 N
066 G000600 N
067 000600 N
068 A000600 N
068 B000600 N
069 000600 N
070 A010600 Y
070 A020600 N
070 B010600 N
070 B020600 N
070 C010600 N
070 C020600 N
070 D010600 N
070 D020600 N
070 E010600 N
070 E020600 N
070 F010600 N
070 F020600 N
070 G010600 N
<PAGE> PAGE 12
070 G020600 N
070 H010600 N
070 H020600 N
070 I010600 N
070 I020600 N
070 J010600 Y
070 J020600 Y
070 K010600 N
070 K020600 N
070 L010600 Y
070 L020600 N
070 M010600 N
070 M020600 N
070 N010600 Y
070 N020600 N
070 O010600 Y
070 O020600 Y
070 P010600 Y
070 P020600 N
070 Q010600 N
070 Q020600 N
070 R010600 Y
070 R020600 N
071 A000600 904250
071 B000600 781388
071 C000600 618117
071 D000600 126
072 A000600 6
072 B000600 1209
072 C000600 1332
072 D000600 0
072 E000600 0
072 F000600 2481
072 G000600 0
072 H000600 0
072 I000600 1250
072 J000600 45
072 K000600 0
072 L000600 33
072 M000600 3
072 N000600 69
072 O000600 36
072 P000600 0
072 Q000600 0
072 R000600 8
072 S000600 6
072 T000600 1895
072 U000600 0
072 V000600 0
072 W000600 34
072 X000600 5860
<PAGE> PAGE 13
072 Y000600 0
072 Z000600 -3319
072AA000600 159299
072BB000600 17885
072CC010600 36408
072CC020600 0
072DD010600 0
072DD020600 0
072EE000600 53778
073 A010600 0.0000
073 A020600 0.0000
073 B000600 1.2900
073 C000600 0.0000
074 A000600 214
074 B000600 0
074 C000600 0
074 D000600 0
074 E000600 0
074 F000600 746452
074 G000600 0
074 H000600 0
074 I000600 0
074 J000600 54280
074 K000600 0
074 L000600 5841
074 M000600 34
074 N000600 806821
074 O000600 15269
074 P000600 0
074 Q000600 0
074 R010600 0
074 R020600 0
074 R030600 0
074 R040600 24096
074 S000600 0
074 T000600 767456
074 U010600 51760
074 U020600 1038
074 V010600 0.00
074 V020600 0.00
074 W000600 0.0000
074 X000600 50296
074 Y000600 0
075 A000600 0
075 B000600 665659
076 000600 0.00
025 A000701 MORGAN STANLEY, DEAN WITTER & CO.
025 B000701 13-2655998
025 C000701 E
025 D000701 794
025 A000702 MERRILL LYNCH & CO.
<PAGE> PAGE 14
025 B000702 13-5674085
025 C000702 D
025 D000702 208
025 D000703 0
025 D000704 0
025 D000705 0
025 D000706 0
025 D000707 0
025 D000708 0
028 A010700 1026
028 A020700 0
028 A030700 0
028 A040700 494
028 B010700 9025
028 B020700 1194
028 B030700 0
028 B040700 7069
028 C010700 8459
028 C020700 0
028 C030700 0
028 C040700 7236
028 D010700 12904
028 D020700 0
028 D030700 0
028 D040700 11031
028 E010700 11862
028 E020700 0
028 E030700 0
028 E040700 4591
028 F010700 8947
028 F020700 0
028 F030700 0
028 F040700 5535
028 G010700 52223
028 G020700 1194
028 G030700 0
028 G040700 35956
028 H000700 0
029 000700 Y
030 A000700 99
030 B000700 4.75
030 C000700 0.00
031 A000700 3
031 B000700 0
032 000700 96
033 000700 0
034 000700 Y
035 000700 31
036 A000700 N
036 B000700 0
042 A000700 0
<PAGE> PAGE 15
042 B000700 0
042 C000700 100
042 D000700 0
042 E000700 0
042 F000700 0
042 G000700 0
042 H000700 0
043 000700 99
044 000700 0
055 A000700 Y
055 B000700 Y
056 000700 Y
057 000700 N
062 A000700 N
062 B000700 0.0
062 C000700 0.0
062 D000700 0.0
062 E000700 0.0
062 F000700 0.0
062 G000700 0.0
062 H000700 0.0
062 I000700 0.0
062 J000700 0.0
062 K000700 0.0
062 L000700 0.0
062 M000700 0.0
062 N000700 0.0
062 O000700 0.0
062 P000700 0.0
062 Q000700 0.0
062 R000700 0.0
066 A000700 Y
066 B000700 N
066 C000700 N
066 D000700 N
066 E000700 N
066 F000700 N
066 G000700 Y
067 000700 Y
068 A000700 N
068 B000700 N
069 000700 N
070 A010700 Y
070 A020700 N
070 B010700 N
070 B020700 N
070 C010700 N
070 C020700 N
070 D010700 N
070 D020700 N
070 E010700 N
<PAGE> PAGE 16
070 E020700 N
070 F010700 N
070 F020700 N
070 G010700 N
070 G020700 N
070 H010700 N
070 H020700 N
070 I010700 N
070 I020700 N
070 J010700 Y
070 J020700 Y
070 K010700 N
070 K020700 N
070 L010700 Y
070 L020700 N
070 M010700 N
070 M020700 N
070 N010700 Y
070 N020700 N
070 O010700 Y
070 O020700 Y
070 P010700 Y
070 P020700 N
070 Q010700 N
070 Q020700 N
070 R010700 Y
070 R020700 N
071 A000700 24410
071 B000700 15831
071 C000700 24834
071 D000700 64
072 A000700 6
072 B000700 333
072 C000700 37
072 D000700 0
072 E000700 0
072 F000700 111
072 G000700 0
072 H000700 0
072 I000700 76
072 J000700 9
072 K000700 0
072 L000700 2
072 M000700 3
072 N000700 11
072 O000700 0
072 P000700 1
072 Q000700 0
072 R000700 6
072 S000700 3
072 T000700 99
<PAGE> PAGE 17
072 U000700 0
072 V000700 0
072 W000700 1
072 X000700 322
072 Y000700 0
072 Z000700 48
072AA000700 4251
072BB000700 371
072CC010700 2013
072CC020700 0
072DD010700 7
072DD020700 31
072EE000700 1258
073 A010700 0.0800
073 A020700 0.0300
073 B000700 1.0200
073 C000700 0.0000
074 A000700 55
074 B000700 0
074 C000700 8784
074 D000700 6684
074 E000700 0
074 F000700 26207
074 G000700 0
074 H000700 0
074 I000700 0
074 J000700 762
074 K000700 0
074 L000700 1346
074 M000700 17
074 N000700 43855
074 O000700 692
074 P000700 0
074 Q000700 0
074 R010700 0
074 R020700 0
074 R030700 0
074 R040700 87
074 S000700 0
074 T000700 43076
074 U010700 1876
074 U020700 309
074 V010700 0.00
074 V020700 0.00
074 W000700 0.0000
074 X000700 4883
074 Y000700 0
075 A000700 0
075 B000700 30264
076 000700 0.00
024 000800 N
<PAGE> PAGE 18
025 A000801 DELETE
025 D000801 0
025 D000802 0
025 D000803 0
025 D000804 0
025 D000805 0
025 D000806 0
025 D000807 0
025 D000808 0
028 A010800 58668
028 A020800 0
028 A030800 0
028 A040800 56559
028 B010800 136092
028 B020800 24513
028 B030800 0
028 B040800 155514
028 C010800 135543
028 C020800 0
028 C030800 0
028 C040800 126472
028 D010800 154208
028 D020800 0
028 D030800 0
028 D040800 192005
028 E010800 184730
028 E020800 0
028 E030800 0
028 E040800 147143
028 F010800 129613
028 F020800 0
028 F030800 0
028 F040800 138212
028 G010800 798854
028 G020800 24513
028 G030800 0
028 G040800 815905
028 H000800 0
029 000800 Y
030 A000800 81
030 B000800 4.75
030 C000800 0.00
031 A000800 3
031 B000800 0
032 000800 78
033 000800 0
034 000800 Y
035 000800 215
036 A000800 N
036 B000800 0
042 A000800 0
<PAGE> PAGE 19
042 B000800 0
042 C000800 100
042 D000800 0
042 E000800 0
042 F000800 0
042 G000800 0
042 H000800 0
043 000800 787
044 000800 0
055 A000800 Y
055 B000800 Y
056 000800 Y
057 000800 N
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
066 A000800 Y
066 B000800 N
066 C000800 Y
066 D000800 N
066 E000800 N
066 F000800 N
066 G000800 N
067 000800 N
068 A000800 N
068 B000800 N
069 000800 N
071 A000800 284531
071 B000800 301392
071 C000800 223458
071 D000800 123
072 A000800 6
072 B000800 580
072 C000800 219
072 D000800 0
072 E000800 0
<PAGE> PAGE 20
072 F000800 963
072 G000800 0
072 H000800 0
072 I000800 493
072 J000800 19
072 K000800 0
072 L000800 22
072 M000800 3
072 N000800 19
072 O000800 0
072 P000800 30
072 Q000800 0
072 R000800 7
072 S000800 6
072 T000800 787
072 U000800 0
072 V000800 0
072 W000800 22
072 X000800 2371
072 Y000800 0
072 Z000800 -1572
072AA000800 64607
072BB000800 15233
072CC010800 8707
072CC020800 0
072DD010800 0
072DD020800 0
072EE000800 27183
073 A010800 0.0000
073 A020800 0.0000
073 B000800 2.9300
073 C000800 0.0000
074 A000800 42
074 B000800 0
074 C000800 21532
074 D000800 0
074 E000800 0
074 F000800 240402
074 G000800 0
074 H000800 0
074 I000800 0
074 J000800 4433
074 K000800 0
074 L000800 14431
074 M000800 38
074 N000800 280878
074 O000800 15398
074 P000800 0
074 Q000800 0
074 R010800 0
074 R020800 0
<PAGE> PAGE 21
074 R030800 0
074 R040800 2553
074 S000800 0
074 T000800 262927
074 U010800 11143
074 U020800 202
074 V010800 0.00
074 V020800 0.00
074 W000800 0.0000
074 X000800 22000
074 Y000800 0
075 A000800 0
075 B000800 245359
076 000800 0.00
025 A000901 MORGAN STANLEY DEAN WITTER CO.
025 B000901 13-2655998
025 C000901 E
025 D000901 13638
025 A000902 DELETE
025 D000902 0
025 D000903 0
025 D000904 0
025 D000905 0
025 D000906 0
025 D000907 0
025 D000908 0
028 A010900 86532
028 A020900 0
028 A030900 0
028 A040900 85845
028 B010900 229914
028 B020900 22934
028 B030900 0
028 B040900 249075
028 C010900 227016
028 C020900 0
028 C030900 0
028 C040900 198579
028 D010900 246498
028 D020900 0
028 D030900 0
028 D040900 298256
028 E010900 298803
028 E020900 0
028 E030900 0
028 E040900 198131
028 F010900 224727
028 F020900 0
028 F030900 0
028 F040900 247073
028 G010900 1313490
<PAGE> PAGE 22
028 G020900 22934
028 G030900 0
028 G040900 1276959
028 H000900 0
029 000900 Y
030 A000900 483
030 B000900 4.75
030 C000900 0.00
031 A000900 32
031 B000900 0
032 000900 451
033 000900 0
034 000900 Y
035 000900 292
036 A000900 N
036 B000900 0
042 A000900 0
042 B000900 0
042 C000900 100
042 D000900 0
042 E000900 0
042 F000900 0
042 G000900 0
042 H000900 0
043 000900 1210
044 000900 0
055 A000900 Y
055 B000900 Y
056 000900 Y
057 000900 Y
062 A000900 N
062 B000900 0.0
062 C000900 0.0
062 D000900 0.0
062 E000900 0.0
062 F000900 0.0
062 G000900 0.0
062 H000900 0.0
062 I000900 0.0
062 J000900 0.0
062 K000900 0.0
062 L000900 0.0
062 M000900 0.0
062 N000900 0.0
062 O000900 0.0
062 P000900 0.0
062 Q000900 0.0
062 R000900 0.0
066 A000900 Y
066 B000900 Y
066 C000900 N
<PAGE> PAGE 23
066 D000900 N
066 E000900 N
066 F000900 N
066 G000900 N
067 000900 N
068 A000900 N
068 B000900 N
069 000900 N
071 A000900 444639
071 B000900 337181
071 C000900 375687
071 D000900 90
072 A000900 6
072 B000900 535
072 C000900 446
072 D000900 0
072 E000900 0
072 F000900 1635
072 G000900 0
072 H000900 0
072 I000900 840
072 J000900 26
072 K000900 0
072 L000900 18
072 M000900 3
072 N000900 47
072 O000900 0
072 P000900 225
072 Q000900 0
072 R000900 6
072 S000900 3
072 T000900 1210
072 U000900 0
072 V000900 0
072 W000900 8
072 X000900 4021
072 Y000900 0
072 Z000900 -3040
072AA000900 74696
072BB000900 12941
072CC010900 88979
072CC020900 0
072DD010900 0
072DD020900 0
072EE000900 24752
073 A010900 0.0000
073 A020900 0.0000
073 B000900 0.8500
073 C000900 0.0000
074 A000900 79
074 B000900 0
<PAGE> PAGE 24
074 C000900 0
074 D000900 0
074 E000900 0
074 F000900 514629
074 G000900 0
074 H000900 0
074 I000900 0
074 J000900 6578
074 K000900 0
074 L000900 11365
074 M000900 34
074 N000900 532685
074 O000900 1823
074 P000900 0
074 Q000900 0
074 R010900 0
074 R020900 0
074 R030900 0
074 R040900 48133
074 S000900 0
074 T000900 482729
074 U010900 37432
074 U020900 1526
074 V010900 0.00
074 V020900 0.00
074 W000900 0.0000
074 X000900 47339
074 Y000900 0
075 A000900 0
075 B000900 388405
076 000900 0.00
SIGNATURE GREGORY S. DUCH
TITLE TREASURER
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<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-31-1999
<PERIOD-END> APR-30-1999
<INVESTMENTS-AT-COST> 356473
<INVESTMENTS-AT-VALUE> 356473
<RECEIVABLES> 983
<ASSETS-OTHER> 743
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 358199
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 30977
<TOTAL-LIABILITIES> 30977
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 327296
<SHARES-COMMON-STOCK> 327296
<SHARES-COMMON-PRIOR> 172936
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (74)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 0
<NET-ASSETS> 327222
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 6391
<OTHER-INCOME> 0
<EXPENSES-NET> 1028
<NET-INVESTMENT-INCOME> 5363
<REALIZED-GAINS-CURRENT> 0
<APPREC-INCREASE-CURRENT> 0
<NET-CHANGE-FROM-OPS> 5363
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 5363
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 4011972
<NUMBER-OF-SHARES-REDEEMED> 3861835
<SHARES-REINVESTED> 4223
<NET-CHANGE-IN-ASSETS> 154360
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> (74)
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 652
<INTEREST-EXPENSE> 7
<GROSS-EXPENSE> 1028
<AVERAGE-NET-ASSETS> 255638
<PER-SHARE-NAV-BEGIN> 1.00
<PER-SHARE-NII> 0206
<PER-SHARE-GAIN-APPREC> 0
<PER-SHARE-DIVIDEND> (0206)
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 1.00
<EXPENSE-RATIO> .79
[AVG-DEBT-OUTSTANDING] 0
[AVG-DEBT-PER-SHARE] 0
</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 5
<NAME> ALGER SNALL CAPITALIZATION PORTFOLIO CLASS B
<MULTIPLIER> 1000
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> OCT-31-1999
<PERIOD-END> APR-30-1999
<INVESTMENTS-AT-COST> 412722
<INVESTMENTS-AT-VALUE> 541044
<RECEIVABLES> 23522
<ASSETS-OTHER> 77
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 564643
<PAYABLE-FOR-SECURITIES> 14609
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 15964
<TOTAL-LIABILITIES> 30573
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 375012
<SHARES-COMMON-STOCK> 47214
<SHARES-COMMON-PRIOR> 53541
<ACCUMULATED-NII-CURRENT> (46808)
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 77544
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 128322
<NET-ASSETS> 534070
<DIVIDEND-INCOME> 547
<INTEREST-INCOME> 1206
<OTHER-INCOME> 0
<EXPENSES-NET> 5551
<NET-INVESTMENT-INCOME> (3798)
<REALIZED-GAINS-CURRENT> 59555
<APPREC-INCREASE-CURRENT> 84661
<NET-CHANGE-FROM-OPS> 140418
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> (49513)
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 148681
<NUMBER-OF-SHARES-REDEEMED> 159717
<SHARES-REINVESTED> 5742
<NET-CHANGE-IN-ASSETS> (5294)
<ACCUMULATED-NII-PRIOR> (43010)
<ACCUMULATED-GAINS-PRIOR> 73359
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 2323
<INTEREST-EXPENSE> 88
<GROSS-EXPENSE> 5551
<AVERAGE-NET-ASSETS> 485875
<PER-SHARE-NAV-BEGIN> 8.61
<PER-SHARE-NII> (.07)
<PER-SHARE-GAIN-APPREC> 2.41
<PER-SHARE-DIVIDEND> 0
<PER-SHARE-DISTRIBUTIONS> (1.02)
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 9.93
<EXPENSE-RATIO> 2.11
[AVG-DEBT-OUTSTANDING] 0
[AVG-DEBT-PER-SHARE] 0
</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 51
<NAME> ALGER SMALL CAPITALIZATION PORTFOLIO CLASS A
<MULTIPLIER> 1000
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> OCT-31-1999
<PERIOD-END> APR-30-1999
<INVESTMENTS-AT-COST> 412722
<INVESTMENTS-AT-VALUE> 541044
<RECEIVABLES> 23522
<ASSETS-OTHER> 77
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 564643
<PAYABLE-FOR-SECURITIES> 14609
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 15964
<TOTAL-LIABILITIES> 30573
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 375012
<SHARES-COMMON-STOCK> 5027
<SHARES-COMMON-PRIOR> 6810
<ACCUMULATED-NII-CURRENT> (46808)
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 77544
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 128322
<NET-ASSETS> 534070
<DIVIDEND-INCOME> 547
<INTEREST-INCOME> 1206
<OTHER-INCOME> 0
<EXPENSES-NET> 5551
<NET-INVESTMENT-INCOME> (3798)
<REALIZED-GAINS-CURRENT> 59555
<APPREC-INCREASE-CURRENT> 84661
<NET-CHANGE-FROM-OPS> 140418
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> (5621)
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 71017
<NUMBER-OF-SHARES-REDEEMED> 73430
<SHARES-REINVESTED> 571
<NET-CHANGE-IN-ASSETS> (1842)
<ACCUMULATED-NII-PRIOR> (43010)
<ACCUMULATED-GAINS-PRIOR> 73359
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 2323
<INTEREST-EXPENSE> 88
<GROSS-EXPENSE> 5551
<AVERAGE-NET-ASSETS> 59854
<PER-SHARE-NAV-BEGIN> 8.74
<PER-SHARE-NII> (.03)
<PER-SHARE-GAIN-APPREC> 2.46
<PER-SHARE-DIVIDEND> 0
<PER-SHARE-DISTRIBUTIONS> (1.02)
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 10.15
<EXPENSE-RATIO> 1.35
[AVG-DEBT-OUTSTANDING] 0
[AVG-DEBT-PER-SHARE] 0
</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 52
<NAME> ALGER SMALL CAPITALIZATION PORTFOLIO CLASS C
<MULTIPLIER> 1000
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> OCT-31-1999
<PERIOD-END> APR-30-1999
<INVESTMENTS-AT-COST> 412722
<INVESTMENTS-AT-VALUE> 541044
<RECEIVABLES> 23522
<ASSETS-OTHER> 77
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 564643
<PAYABLE-FOR-SECURITIES> 14609
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 15964
<TOTAL-LIABILITIES> 30573
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 375012
<SHARES-COMMON-STOCK> 487
<SHARES-COMMON-PRIOR> 563
<ACCUMULATED-NII-CURRENT> (46808)
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 77544
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 128322
<NET-ASSETS> 534070
<DIVIDEND-INCOME> 547
<INTEREST-INCOME> 1206
<OTHER-INCOME> 0
<EXPENSES-NET> 5551
<NET-INVESTMENT-INCOME> (3798)
<REALIZED-GAINS-CURRENT> 59555
<APPREC-INCREASE-CURRENT> 84661
<NET-CHANGE-FROM-OPS> 140418
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> (236)
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 4007
<NUMBER-OF-SHARES-REDEEMED> 4137
<SHARES-REINVESTED> 22
<NET-CHANGE-IN-ASSETS> 108
<ACCUMULATED-NII-PRIOR> (43010)
<ACCUMULATED-GAINS-PRIOR> 73359
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 2323
<INTEREST-EXPENSE> 88
<GROSS-EXPENSE> 5551
<AVERAGE-NET-ASSETS> 4835
<PER-SHARE-NAV-BEGIN> 8.59
<PER-SHARE-NII> (.07)
<PER-SHARE-GAIN-APPREC> 2.43
<PER-SHARE-DIVIDEND> 0
<PER-SHARE-DISTRIBUTIONS> (1.02)
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 9.93
<EXPENSE-RATIO> 2.10
[AVG-DEBT-OUTSTANDING] 0
[AVG-DEBT-PER-SHARE] 0
</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 6
<NAME> ALGER GROWTH PORTFOLIO CLASS B
<MULTIPLIER> 1000
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> OCT-31-1999
<PERIOD-END> APR-30-1999
<INVESTMENTS-AT-COST> 617634
<INVESTMENTS-AT-VALUE> 746452
<RECEIVABLES> 60121
<ASSETS-OTHER> 248
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 806821
<PAYABLE-FOR-SECURITIES> 15269
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 24096
<TOTAL-LIABILITIES> 39365
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 508951
<SHARES-COMMON-STOCK> 40485
<SHARES-COMMON-PRIOR> 32574
<ACCUMULATED-NII-CURRENT> (14390)
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 144076
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 128819
<NET-ASSETS> 767456
<DIVIDEND-INCOME> 1332
<INTEREST-INCOME> 1209
<OTHER-INCOME> 0
<EXPENSES-NET> 5860
<NET-INVESTMENT-INCOME> (3319)
<REALIZED-GAINS-CURRENT> 141414
<APPREC-INCREASE-CURRENT> 36408
<NET-CHANGE-FROM-OPS> 174503
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> (40774)
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 47891
<NUMBER-OF-SHARES-REDEEMED> 43213
<SHARES-REINVESTED> 3233
<NET-CHANGE-IN-ASSETS> 7911
<ACCUMULATED-NII-PRIOR> 11071
<ACCUMULATED-GAINS-PRIOR> 56440
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 2481
<INTEREST-EXPENSE> 36
<GROSS-EXPENSE> 5860
<AVERAGE-NET-ASSETS> 501125
<PER-SHARE-NAV-BEGIN> 12.00
<PER-SHARE-NII> (.08)
<PER-SHARE-GAIN-APPREC> 3.84
<PER-SHARE-DIVIDEND> 0
<PER-SHARE-DISTRIBUTIONS> (1.29)
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 14.47
<EXPENSE-RATIO> 1.95
[AVG-DEBT-OUTSTANDING] 0
[AVG-DEBT-PER-SHARE] 0
</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 61
<NAME> ALGER GROWTH PORTFOLIO CLASS A
<MULTIPLIER> 1000
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> OCT-31-1999
<PERIOD-END> APR-30-1999
<INVESTMENTS-AT-COST> 617634
<INVESTMENTS-AT-VALUE> 746452
<RECEIVABLES> 60121
<ASSETS-OTHER> 248
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 806821
<PAYABLE-FOR-SECURITIES> 15269
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 24096
<TOTAL-LIABILITIES> 39365
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 508951
<SHARES-COMMON-STOCK> 11275
<SHARES-COMMON-PRIOR> 10001
<ACCUMULATED-NII-CURRENT> (14390)
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 144076
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 128819
<NET-ASSETS> 767456
<DIVIDEND-INCOME> 1332
<INTEREST-INCOME> 1209
<OTHER-INCOME> 0
<EXPENSES-NET> 5860
<NET-INVESTMENT-INCOME> (3319)
<REALIZED-GAINS-CURRENT> 141414
<APPREC-INCREASE-CURRENT> 36408
<NET-CHANGE-FROM-OPS> 174503
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> (12572)
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 30262
<NUMBER-OF-SHARES-REDEEMED> 29664
<SHARES-REINVESTED> 676
<NET-CHANGE-IN-ASSETS> 1274
<ACCUMULATED-NII-PRIOR> 11071
<ACCUMULATED-GAINS-PRIOR> 56440
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 2481
<INTEREST-EXPENSE> 36
<GROSS-EXPENSE> 5860
<AVERAGE-NET-ASSETS> 156959
<PER-SHARE-NAV-BEGIN> 12.19
<PER-SHARE-NII> (.03)
<PER-SHARE-GAIN-APPREC> 3.91
<PER-SHARE-DIVIDEND> 0
<PER-SHARE-DISTRIBUTIONS> (1.29)
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 14.78
<EXPENSE-RATIO> 1.20
[AVG-DEBT-OUTSTANDING] 0
[AVG-DEBT-PER-SHARE] 0
</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 62
<NAME> ALGER GROWTH PORTFOLIO CLASS C
<MULTIPLIER> 1000
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> OCT-31-1999
<PERIOD-END> APR-30-1999
<INVESTMENTS-AT-COST> 617634
<INVESTMENTS-AT-VALUE> 746452
<RECEIVABLES> 60121
<ASSETS-OTHER> 248
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 806821
<PAYABLE-FOR-SECURITIES> 15269
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 24096
<TOTAL-LIABILITIES> 39365
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 508951
<SHARES-COMMON-STOCK> 1038
<SHARES-COMMON-PRIOR> 276
<ACCUMULATED-NII-CURRENT> (14390)
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 144076
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 128819
<NET-ASSETS> 767456
<DIVIDEND-INCOME> 1332
<INTEREST-INCOME> 1209
<OTHER-INCOME> 0
<EXPENSES-NET> 5860
<NET-INVESTMENT-INCOME> (3319)
<REALIZED-GAINS-CURRENT> 141414
<APPREC-INCREASE-CURRENT> 36408
<NET-CHANGE-FROM-OPS> 174503
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> (432)
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 904
<NUMBER-OF-SHARES-REDEEMED> 172
<SHARES-REINVESTED> 30
<NET-CHANGE-IN-ASSETS> 762
<ACCUMULATED-NII-PRIOR> 11071
<ACCUMULATED-GAINS-PRIOR> 56440
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 2481
<INTEREST-EXPENSE> 36
<GROSS-EXPENSE> 5860
<AVERAGE-NET-ASSETS> 7575
<PER-SHARE-NAV-BEGIN> 12.00
<PER-SHARE-NII> (.08)
<PER-SHARE-GAIN-APPREC> 3.83
<PER-SHARE-DIVIDEND> 0
<PER-SHARE-DISTRIBUTIONS> (1.29)
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 14.46
<EXPENSE-RATIO> 1.96
[AVG-DEBT-OUTSTANDING] 0
[AVG-DEBT-PER-SHARE] 0
</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 7
<NAME> ALGER BALANCED PORTFOLIO CLASS B
<MULTIPLIER> 1000
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> OCT-31-1999
<PERIOD-END> APR-30-1999
<INVESTMENTS-AT-COST> 36676
<INVESTMENTS-AT-VALUE> 41675
<RECEIVABLES> 2108
<ASSETS-OTHER> 72
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 43855
<PAYABLE-FOR-SECURITIES> 692
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 87
<TOTAL-LIABILITIES> 779
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 34241
<SHARES-COMMON-STOCK> 1556
<SHARES-COMMON-PRIOR> 1159
<ACCUMULATED-NII-CURRENT> (17)
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 3853
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 4999
<NET-ASSETS> 43076
<DIVIDEND-INCOME> 37
<INTEREST-INCOME> 333
<OTHER-INCOME> 0
<EXPENSES-NET> 322
<NET-INVESTMENT-INCOME> 48
<REALIZED-GAINS-CURRENT> 3880
<APPREC-INCREASE-CURRENT> 2013
<NET-CHANGE-FROM-OPS> 5941
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (31)
<DISTRIBUTIONS-OF-GAINS> (1123)
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 2046
<NUMBER-OF-SHARES-REDEEMED> 1713
<SHARES-REINVESTED> 64
<NET-CHANGE-IN-ASSETS> 397
<ACCUMULATED-NII-PRIOR> (27)
<ACCUMULATED-GAINS-PRIOR> 1231
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 111
<INTEREST-EXPENSE> 1
<GROSS-EXPENSE> 322
<AVERAGE-NET-ASSETS> 24721
<PER-SHARE-NAV-BEGIN> 16.64
<PER-SHARE-NII> .02
<PER-SHARE-GAIN-APPREC> 4.06
<PER-SHARE-DIVIDEND> (.03)
<PER-SHARE-DISTRIBUTIONS> (1.02)
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 19.67
<EXPENSE-RATIO> 2.26
[AVG-DEBT-OUTSTANDING] 0
[AVG-DEBT-PER-SHARE] 0
</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 71
<NAME> ALGER BALANCED PORTFOLIO CLASS A
<MULTIPLIER> 1000
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> OCT-31-1999
<PERIOD-END> APR-30-1999
<INVESTMENTS-AT-COST> 36676
<INVESTMENTS-AT-VALUE> 41675
<RECEIVABLES> 2108
<ASSETS-OTHER> 72
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 43855
<PAYABLE-FOR-SECURITIES> 692
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 87
<TOTAL-LIABILITIES> 779
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 34241
<SHARES-COMMON-STOCK> 320
<SHARES-COMMON-PRIOR> 80
<ACCUMULATED-NII-CURRENT> (17)
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 3853
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 4999
<NET-ASSETS> 43076
<DIVIDEND-INCOME> 37
<INTEREST-INCOME> 333
<OTHER-INCOME> 0
<EXPENSES-NET> 322
<NET-INVESTMENT-INCOME> 48
<REALIZED-GAINS-CURRENT> 3880
<APPREC-INCREASE-CURRENT> 2013
<NET-CHANGE-FROM-OPS> 5941
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (7)
<DISTRIBUTIONS-OF-GAINS> (101)
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 2046
<NUMBER-OF-SHARES-REDEEMED> 1713
<SHARES-REINVESTED> 64
<NET-CHANGE-IN-ASSETS> 397
<ACCUMULATED-NII-PRIOR> (27)
<ACCUMULATED-GAINS-PRIOR> 1231
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 111
<INTEREST-EXPENSE> 1
<GROSS-EXPENSE> 322
<AVERAGE-NET-ASSETS> 3328
<PER-SHARE-NAV-BEGIN> 16.83
<PER-SHARE-NII> .09
<PER-SHARE-GAIN-APPREC> 4.11
<PER-SHARE-DIVIDEND> (.08)
<PER-SHARE-DISTRIBUTIONS> (1.02)
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 19.93
<EXPENSE-RATIO> 1.51
[AVG-DEBT-OUTSTANDING] 0
[AVG-DEBT-PER-SHARE] 0
</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 72
<NAME> ALGER BALANCED PORTFOLIO CLASS C
<MULTIPLIER> 1000
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> OCT-31-1999
<PERIOD-END> APR-30-1999
<INVESTMENTS-AT-COST> 36676
<INVESTMENTS-AT-VALUE> 41675
<RECEIVABLES> 2108
<ASSETS-OTHER> 72
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 43855
<PAYABLE-FOR-SECURITIES> 692
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 87
<TOTAL-LIABILITIES> 779
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 34241
<SHARES-COMMON-STOCK> 309
<SHARES-COMMON-PRIOR> 20
<ACCUMULATED-NII-CURRENT> (17)
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 3853
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 4999
<NET-ASSETS> 43076
<DIVIDEND-INCOME> 37
<INTEREST-INCOME> 333
<OTHER-INCOME> 0
<EXPENSES-NET> 322
<NET-INVESTMENT-INCOME> 48
<REALIZED-GAINS-CURRENT> 3880
<APPREC-INCREASE-CURRENT> 2013
<NET-CHANGE-FROM-OPS> 5941
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> (34)
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 304
<NUMBER-OF-SHARES-REDEEMED> 17
<SHARES-REINVESTED> 1
<NET-CHANGE-IN-ASSETS> 288
<ACCUMULATED-NII-PRIOR> (27)
<ACCUMULATED-GAINS-PRIOR> 1231
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 111
<INTEREST-EXPENSE> 1
<GROSS-EXPENSE> 322
<AVERAGE-NET-ASSETS> 2215
<PER-SHARE-NAV-BEGIN> 16.66
<PER-SHARE-NII> .02
<PER-SHARE-GAIN-APPREC> 4.07
<PER-SHARE-DIVIDEND> (.01)
<PER-SHARE-DISTRIBUTIONS> (1.02)
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 19.72
<EXPENSE-RATIO> 2.28
[AVG-DEBT-OUTSTANDING] 0
[AVG-DEBT-PER-SHARE] 0
</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 8
<NAME> ALGER MIDCAP GROWTH PORTFOLIO CLASS B
<MULTIPLIER> 1000
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> OCT-31-1999
<PERIOD-END> APR-30-1999
<INVESTMENTS-AT-COST> 239875
<INVESTMENTS-AT-VALUE> 261934
<RECEIVABLES> 18864
<ASSETS-OTHER> 80
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 280878
<PAYABLE-FOR-SECURITIES> 15398
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 2553
<TOTAL-LIABILITIES> 17951
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 194914
<SHARES-COMMON-STOCK> 9448
<SHARES-COMMON-PRIOR> 9187
<ACCUMULATED-NII-CURRENT> (8518)
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 54472
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 22059
<NET-ASSETS> 262927
<DIVIDEND-INCOME> 219
<INTEREST-INCOME> 580
<OTHER-INCOME> 0
<EXPENSES-NET> 2371
<NET-INVESTMENT-INCOME> (1572)
<REALIZED-GAINS-CURRENT> 49374
<APPREC-INCREASE-CURRENT> 8707
<NET-CHANGE-FROM-OPS> 56509
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> (24072)
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 11319
<NUMBER-OF-SHARES-REDEEMED> 12184
<SHARES-REINVESTED> 1126
<NET-CHANGE-IN-ASSETS> 261
<ACCUMULATED-NII-PRIOR> (6946)
<ACCUMULATED-GAINS-PRIOR> 32281
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 963
<INTEREST-EXPENSE> 30
<GROSS-EXPENSE> 2371
<AVERAGE-NET-ASSETS> 208813
<PER-SHARE-NAV-BEGIN> 20.89
<PER-SHARE-NII> (.15)
<PER-SHARE-GAIN-APPREC> 5.30
<PER-SHARE-DIVIDEND> 0
<PER-SHARE-DISTRIBUTIONS> (2.93)
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 23.11
<EXPENSE-RATIO> 2.07
[AVG-DEBT-OUTSTANDING] 0
[AVG-DEBT-PER-SHARE] 0
</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 81
<NAME> ALGER MIDCAP GROWTH PORTFOLIO CLASS A
<MULTIPLIER> 1000
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> OCT-31-1999
<PERIOD-END> APR-30-1999
<INVESTMENTS-AT-COST> 239875
<INVESTMENTS-AT-VALUE> 261934
<RECEIVABLES> 18864
<ASSETS-OTHER> 80
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 280878
<PAYABLE-FOR-SECURITIES> 15398
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 2553
<TOTAL-LIABILITIES> 17951
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 194914
<SHARES-COMMON-STOCK> 1695
<SHARES-COMMON-PRIOR> 1531
<ACCUMULATED-NII-CURRENT> (8518)
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 54472
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 22059
<NET-ASSETS> 262927
<DIVIDEND-INCOME> 219
<INTEREST-INCOME> 580
<OTHER-INCOME> 0
<EXPENSES-NET> 2371
<NET-INVESTMENT-INCOME> (1572)
<REALIZED-GAINS-CURRENT> 49374
<APPREC-INCREASE-CURRENT> 8707
<NET-CHANGE-FROM-OPS> 56509
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> (2780)
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 24394
<NUMBER-OF-SHARES-REDEEMED> 24361
<SHARES-REINVESTED> 131
<NET-CHANGE-IN-ASSETS> 164
<ACCUMULATED-NII-PRIOR> (6946)
<ACCUMULATED-GAINS-PRIOR> 32281
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 963
<INTEREST-EXPENSE> 30
<GROSS-EXPENSE> 2371
<AVERAGE-NET-ASSETS> 33616
<PER-SHARE-NAV-BEGIN> 21.21
<PER-SHARE-NII> (.06)
<PER-SHARE-GAIN-APPREC> 5.36
<PER-SHARE-DIVIDEND> 0
<PER-SHARE-DISTRIBUTIONS> (2.93)
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 23.58
<EXPENSE-RATIO> 1.30
[AVG-DEBT-OUTSTANDING] 0
[AVG-DEBT-PER-SHARE] 0
</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 82
<NAME> ALGER MIDCAP PORTFOLIO CLASS C
<MULTIPLIER> 1000
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> OCT-31-1999
<PERIOD-END> APR-30-1999
<INVESTMENTS-AT-COST> 239875
<INVESTMENTS-AT-VALUE> 261934
<RECEIVABLES> 18864
<ASSETS-OTHER> 80
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 280878
<PAYABLE-FOR-SECURITIES> 15398
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 2553
<TOTAL-LIABILITIES> 17951
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 194914
<SHARES-COMMON-STOCK> 202
<SHARES-COMMON-PRIOR> 84
<ACCUMULATED-NII-CURRENT> (8518)
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 54472
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 22059
<NET-ASSETS> 262927
<DIVIDEND-INCOME> 219
<INTEREST-INCOME> 580
<OTHER-INCOME> 0
<EXPENSES-NET> 2371
<NET-INVESTMENT-INCOME> (1572)
<REALIZED-GAINS-CURRENT> 49374
<APPREC-INCREASE-CURRENT> 8707
<NET-CHANGE-FROM-OPS> 56509
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> (331)
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 172
<NUMBER-OF-SHARES-REDEEMED> 68
<SHARES-REINVESTED> 13
<NET-CHANGE-IN-ASSETS> 117
<ACCUMULATED-NII-PRIOR> (6946)
<ACCUMULATED-GAINS-PRIOR> 32281
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 963
<INTEREST-EXPENSE> 30
<GROSS-EXPENSE> 2371
<AVERAGE-NET-ASSETS> 2930
<PER-SHARE-NAV-BEGIN> 20.86
<PER-SHARE-NII> (.16)
<PER-SHARE-GAIN-APPREC> 5.3
<PER-SHARE-DIVIDEND> 0
<PER-SHARE-DISTRIBUTIONS> (2.93)
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 23.07
<EXPENSE-RATIO> 2.08
[AVG-DEBT-OUTSTANDING] 0
[AVG-DEBT-PER-SHARE] 0
</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 9
<NAME> ALGER CAPITAL APPRECIATION CLASS B
<MULTIPLIER> 1000
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> OCT-31-1999
<PERIOD-END> APR-30-1999
<INVESTMENTS-AT-COST> 389094
<INVESTMENTS-AT-VALUE> 514629
<RECEIVABLES> 17943
<ASSETS-OTHER> 113
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 532865
<PAYABLE-FOR-SECURITIES> 1823
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 48133
<TOTAL-LIABILITIES> 49956
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 298879
<SHARES-COMMON-STOCK> 32048
<SHARES-COMMON-PRIOR> 9102
<ACCUMULATED-NII-CURRENT> (11811)
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 70126
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 125535
<NET-ASSETS> 482729
<DIVIDEND-INCOME> 446
<INTEREST-INCOME> 535
<OTHER-INCOME> 0
<EXPENSES-NET> 4021
<NET-INVESTMENT-INCOME> (3040)
<REALIZED-GAINS-CURRENT> 61755
<APPREC-INCREASE-CURRENT> 88979
<NET-CHANGE-FROM-OPS> 147694
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> (21244)
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 48093
<NUMBER-OF-SHARES-REDEEMED> 45505
<SHARES-REINVESTED> 2154
<NET-CHANGE-IN-ASSETS> 4742
<ACCUMULATED-NII-PRIOR> (8771)
<ACCUMULATED-GAINS-PRIOR> 33123
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 1635
<INTEREST-EXPENSE> 225
<GROSS-EXPENSE> 4021
<AVERAGE-NET-ASSETS> 318294
<PER-SHARE-NAV-BEGIN> 8.90
<PER-SHARE-NII> (.13)
<PER-SHARE-GAIN-APPREC> 4.44
<PER-SHARE-DIVIDEND> 0
<PER-SHARE-DISTRIBUTIONS> (.85)
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 12.36
<EXPENSE-RATIO> 2.22
[AVG-DEBT-OUTSTANDING] 7904
[AVG-DEBT-PER-SHARE] .22
</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 91
<NAME> ALGER CAPITALIZATION PORTFOLIO CLASS A
<MULTIPLIER> 1000
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> OCT-31-1999
<PERIOD-END> APR-30-1999
<INVESTMENTS-AT-COST> 389094
<INVESTMENTS-AT-VALUE> 514629
<RECEIVABLES> 17943
<ASSETS-OTHER> 113
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 532865
<PAYABLE-FOR-SECURITIES> 1823
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 48133
<TOTAL-LIABILITIES> 49956
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 298879
<SHARES-COMMON-STOCK> 5384
<SHARES-COMMON-PRIOR> 2009
<ACCUMULATED-NII-CURRENT> (11811)
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 70126
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 125535
<NET-ASSETS> 482729
<DIVIDEND-INCOME> 446
<INTEREST-INCOME> 535
<OTHER-INCOME> 0
<EXPENSES-NET> 4021
<NET-INVESTMENT-INCOME> (3040)
<REALIZED-GAINS-CURRENT> 61755
<APPREC-INCREASE-CURRENT> 88979
<NET-CHANGE-FROM-OPS> 147694
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> (3154)
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 69558
<NUMBER-OF-SHARES-REDEEMED> 70519
<SHARES-REINVESTED> 317
<NET-CHANGE-IN-ASSETS> 0
<ACCUMULATED-NII-PRIOR> (8771)
<ACCUMULATED-GAINS-PRIOR> 33123
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 1635
<INTEREST-EXPENSE> 225
<GROSS-EXPENSE> 4021
<AVERAGE-NET-ASSETS> 62099
<PER-SHARE-NAV-BEGIN> 9.03
<PER-SHARE-NII> (.07)
<PER-SHARE-GAIN-APPREC> 4.49
<PER-SHARE-DIVIDEND> 0
<PER-SHARE-DISTRIBUTIONS> (.85)
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 12.60
<EXPENSE-RATIO> 1.43
[AVG-DEBT-OUTSTANDING] 7904
[AVG-DEBT-PER-SHARE] .22
</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 92
<NAME> ALGER CAPITALIZATION PORTFOLIO CLASS C
<MULTIPLIER> 1000
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> OCT-31-1999
<PERIOD-END> APR-30-1999
<INVESTMENTS-AT-COST> 389094
<INVESTMENTS-AT-VALUE> 514629
<RECEIVABLES> 17943
<ASSETS-OTHER> 113
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 532865
<PAYABLE-FOR-SECURITIES> 1823
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 48133
<TOTAL-LIABILITIES> 49956
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 298879
<SHARES-COMMON-STOCK> 1526
<SHARES-COMMON-PRIOR> 111
<ACCUMULATED-NII-CURRENT> (11811)
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 70126
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 125535
<NET-ASSETS> 482729
<DIVIDEND-INCOME> 446
<INTEREST-INCOME> 535
<OTHER-INCOME> 0
<EXPENSES-NET> 4021
<NET-INVESTMENT-INCOME> (3040)
<REALIZED-GAINS-CURRENT> 61755
<APPREC-INCREASE-CURRENT> 88979
<NET-CHANGE-FROM-OPS> 147694
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (354)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 1474
<NUMBER-OF-SHARES-REDEEMED> 85
<SHARES-REINVESTED> 25
<NET-CHANGE-IN-ASSETS> 1414
<ACCUMULATED-NII-PRIOR> (8771)
<ACCUMULATED-GAINS-PRIOR> 33123
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 1635
<INTEREST-EXPENSE> 225
<GROSS-EXPENSE> 4021
<AVERAGE-NET-ASSETS> 8012
<PER-SHARE-NAV-BEGIN> 8.90
<PER-SHARE-NII> (.11)
<PER-SHARE-GAIN-APPREC> 4.42
<PER-SHARE-DIVIDEND> 0
<PER-SHARE-DISTRIBUTIONS> (.85)
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 12.36
<EXPENSE-RATIO> 2.20
[AVG-DEBT-OUTSTANDING] 7904
[AVG-DEBT-PER-SHARE] 22
</TABLE>
