<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 92
<NAME> ALGER CAPITALIZATION PORTFOLIO CL C
<MULTIPLIER> 1000
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> OCT-31-2000
<PERIOD-END> APR-30-2000
<INVESTMENTS-AT-COST> 1661024
<INVESTMENTS-AT-VALUE> 1883243
<RECEIVABLES> 47543
<ASSETS-OTHER> 90
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 1930876
<PAYABLE-FOR-SECURITIES> 26633
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 321569
<TOTAL-LIABILITIES> 348202
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 1262940
<SHARES-COMMON-STOCK> 10699
<SHARES-COMMON-PRIOR> 3299
<ACCUMULATED-NII-CURRENT> (25022)
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 122537
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 222219
<NET-ASSETS> 1582674
<DIVIDEND-INCOME> 1271
<INTEREST-INCOME> 3299
<OTHER-INCOME> 0
<EXPENSES-NET> 12728
<NET-INVESTMENT-INCOME> (8158)
<REALIZED-GAINS-CURRENT> 112403
<APPREC-INCREASE-CURRENT> 105148
<NET-CHANGE-FROM-OPS> 209393
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> 7820
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 8358
<NUMBER-OF-SHARES-REDEEMED> 1457
<SHARES-REINVESTED> 499
<NET-CHANGE-IN-ASSETS> 795985
<ACCUMULATED-NII-PRIOR> (16864)
<ACCUMULATED-GAINS-PRIOR> 133837
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 5583
<INTEREST-EXPENSE> 9
<GROSS-EXPENSE> 12728
<AVERAGE-NET-ASSETS> 186968
<PER-SHARE-NAV-BEGIN> 13.27
<PER-SHARE-NII> (.11)
<PER-SHARE-GAIN-APPREC> 3.93
<PER-SHARE-DIVIDEND> 0
<PER-SHARE-DISTRIBUTIONS> 1.93
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 15.16
<EXPENSE-RATIO> 2.09
</TABLE>
