As filed with the Securities and Exchange Commission on October 5, 1995
Registration No. 2-75276
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM N-1A
REGISTRATION STATEMENT
UNDER THE SECURITIES ACT OF 1933
Pre-Effective Amendment No.
Post-Effective Amendment No. 25
and/or
REGISTRATION STATEMENT
UNDER THE INVESTMENT COMPANY ACT OF 1940
Amendment No. 26
CONNECTICUT MUTUAL INVESTMENT ACCOUNTS, INC.
(Exact name of Registrant as Specified in Charter)
140 Garden Street
Hartford, Connecticut 06154
(Address of Principal Executive Office)(Zip Code)
Registrant's Telephone Number, Including Area Code: (203) 987-5047
Ann F. Lomeli, Secretary
Connecticut Mutual Investment Accounts, Inc.
140 Garden Street
Hartford, Connecticut 06154
(Name and Address of Agent for Service)
It is proposed that this filing will become effective
/X/ immediately upon filing pursuant to paragraph (b) of Rule 485.
Registrant has registered an indefinite number of securities under the
Securities Act of 1933 pursuant to Rule 24f-2 promulgated under the Investment
Company Act of 1940. The Rule 24f- 2 Notice for the fiscal year ended
December 31, 1994 was filed for the Registrant's following series on February
20, 1995: Connecticut Mutual Liquid Account; Connecticut Mutual Government
Securities Account; Connecticut Mutual Government Securities Account;
Connecticut Mutual Total Return Account; and Connecticut Mutual Growth
Account.
______________________________________________________________________________
CONNECTICUT MUTUAL INVESTMENT ACCOUNTS, INC.
PART C - OTHER INFORMATION
ITEM 24. Financial Statements and Exhibits.
(a) Financial Statements.
(1) Included in Part A with respect to Connecticut Mutual Liquid
Account, Connecticut Mutual Income Account, Connecticut Mutual Government
Securities Account, Connecticut Mutual Total Return Account, Connecticut Mutual
Growth Account, CMIA LifeSpan Capital Appreciation Account, CMIA LifeSpan
Balanced Account and CMIA Diversified Income Account:
Not applicable.
(2) Included in Part B with respect to Connecticut Mutual Liquid
Account, Connecticut Mutual Income Account, Connecticut Mutual Government
Securities Account, Connecticut Mutual Total Return Account, Connecticut
Mutual Growth Account:
Not applicable.
Included in Part B with respect to CMIA LifeSpan Capital
Appreciation Account, CMIA LifeSpan Balanced Account and CMIA Diversified
Account.
Not applicable.
<TABLE>
<CAPTION>
(b) Exhibits
<C> <S>
99.B1. Articles of Incorporation*
99.B1.1 Amendment to Articles of Incorporation****
99.B1.2 Amended and Restated Articles of Incorporation*
99.B1.3 Amended Articles of Incorporation*
99.B2. By-Laws*
99.B3. Not Applicable
99.B4. Share Certificate*
99.B5. Amendment to Investment Advisory Agreement
between the Registrant, on behalf of each
series, and G.R. Phelps & Co., Inc. to add
LifeSpan Accounts****
99.B5.1. Subadvisory Agreement among the Registrant,
on behalf of respective LifeSpan Account,
G.R. Phelps & Co., Inc. and the respective
Subadvisor and schedule of omitted
substantially similar documents****
99.B6. Underwriting Agreement between Registrant and
G.R. Phelps & Co., Inc.*
99.B6.1. Amendment (Municipal Accounts) to Amended
Underwriting Agreement between Registrant and
G.R. Phelps & Co., Inc.***
99.B6.2. Amendment (LifeSpan Accounts) to Amended
Underwriting Agreement between Registrant and
G.R. Phelps & Co., Inc.****
99.B6.3. Dealer Agreement with G.R. Phelps & Co.,
Inc.*
99.B6.4. Underwriting Agreement between Registrant and
Connecticut Mutual Financial Services,
L.L.C.*
99.B7. Not Applicable
99.B8. Form of Master Custodian Agreement between
Registrant and Investors' Bank & Trust
Company***
99.B8.1. Amendment (LifeSpan Accounts) to Custodian
Agreement between Registrant and State Street
Bank and Trust Company****
99.B9. Transfer Agency and Service Agreement between
Registrant and State Street Bank and Trust
Co.*
99.B9.1. Amendment (Municipal Accounts) to Transfer
Agency and Service Agreement between
Registrant and State Street Bank and Trust
Co.***
99.B9.2. Amendment (LifeSpan Accounts) to Transfer
Agency and Service Agreement between
Registrant and State Street Bank and Trust
Co.****
99.B9.3. Form of Subscription Agreement among G.R.
Phelps & Co., Inc., the Registrant, on behalf
of CMIA National Municipals Account, National
Tax Free Portfolio and Eaton Vance
Management***
99.B9.4. Form of Subscription Agreement among G.R.
Phelps & Co., Inc., the Registrant, on behalf
of CMIA California Municipals Account,
California Tax Free Portfolio and Eaton Vance
Management***
99.B9.5. Form of Subscription Agreement among G.R.
Phelps & Co., Inc., the Registrant, on behalf
of CMIA Massachusetts Municipals Account,
Massachusetts Tax Free Portfolio and Eaton
Vance Management***
99.B9.6. Form of Subscription Agreement among G.R.
Phelps & Co., Inc., the Registrant, on behalf
of CMIA New York Municipals Account, New York
Tax Free Portfolio and Eaton Vance
Management***
99.B9.7. Form of Subscription Agreement among G.R.
Phelps & Co., Inc., the Registrant, on behalf
of CMIA Ohio Municipals Account, Ohio Tax
Free Portfolio and Eaton Vance Management***
99.B9.8. Form of Administrative Services Agreement &
between Registrant, on behalf of CMIA
National Municipals Account, and G.R. Phelps
Co., Inc.***
99.B9.9. Form of Administrative Services Agreement
between the Registrant, on behalf of CMIA
California Municipals Account, and G.R.
Phelps & Co., Inc.***
99.B9.10. Form of Administrative Services Agreement
between the Registrant, on behalf of CMIA
Massachusetts Municipals Account, and G.R.
Phelps & Co., Inc.***
99.B9.11. Form of Administrative Services Agreement
between the Registrant, on behalf of CMIA New
York Municipals Account, and G.R. Phelps &
Co., Inc.***
99.B9.12. Form of Administrative Services Agreement
between the Registrant, on behalf of CMIA
Ohio Municipals Account, and G.R. Phelps &
Co., Inc.***
99.B10. Opinion and Consent of Counsel**
99.B10.1. Consent of Counsel in California and New
York***
99.B10.2. Consent of Counsel in Ohio***
99.B10.3. Opinion and Consent of Counsel(Rule 24e-2
shares)*
99.B10.4. Opinion and Consent of Counsel (Class B
shares) (to be filed with Rule 24f-2 Notice)
99.B11. Not applicable
99.B12. Not applicable
99.B13. Not Applicable
99.B14. Not Applicable
99.B15. Form of CMIA National Municipals Account
Rule 12b- 1 Plan***
99.B15.1. Form of CMIA California Municipals Account
Rule 12b- 1 Plan***
99.B15.2. Form of CMIA Massachusetts Municipals Account
Rule 12b- 1 Plan***
99.B15.3. Form of CMIA New York Municipals Account
Rule 12b- 1 Plan***
99.B15.4. Form of CMIA Ohio Municipals Account
Rule 12b- 1 Plan***
99.B15.5. Class A Rule 12b-1 Distribution Plans for the
respective Accounts and Schedule of
Substantially Similar Omitted Documents****
99.B15.6. Class B Rule 12b-1 Distribution Plan for the
respective Accounts and Schedule of
Substantially Similar Omitted Documents*
99.B16. Schedule of Computation for Performance
Quotations (CMIA Municipal Accounts)***
99.B18. Rule 18f-3 Multiple Class Plan for the
respective Accounts and Schedule of
Substantially Similar Omitted Documents*
99.B19. Powers of Attorney***
99.B27.1 Financial Data Schedule for Connecticut Mutual
Liquid Account for the year ended December 31, 1994.
99.B27.2 Financial Data Schedule for Connecticut Mutual
Government Securities Account for the year ended
December 31, 1994.
99.B27.3 Financial Data Schedule for Connecticut Mutual
Income Account for the year ended December 31, 1994.
99.B27.4 Financial Data Schedule for Connecticut Mutual
Total Return Account for the year ended December 31, 1994.
99.B27.5 Financial Data Schedule for Connecticut Mutual
Growth Account for the year ended December 31, 1994.
99.B27.6 Financial Data Schedule for Connecticut Mutual
Liquid Account for the six months ended June 30, 1995.
99.B27.7 Financial Data Schedule for Connecticut Mutual
Government Securities Account for the six months ended
June 30, 1995.
99.B27.8 Financial Data Schedule for Connecticut Mutual
Income Account for the six months ended June 30, 1995.
99.B27.9 Financial Data Schedule for Connecticut Mutual
Total Return Account for the six months ended June 30, 1995.
99.B27.10 Financial Data Schedule for Connecticut Mutual
Growth Account for the six months ended June 30, 1995.
99.B27.11 Financial Data Schedule for CMIA LifeSpan Capital Appreciation
Account for the four month period ended August 31, 1995.
99.B27.12 Financial Data Schedule for CMIA LifeSpan Balanced Account
for the four month period ended August 31, 1995.
99.B27.13 Financial Data Schedule for CMIA LifeSpan Diversified Income
Account for the four month period ended August 31, 1995.
____________
* Previously filed as exhibit to Registrant's Registration Statement and
incorporated by reference herein.
** Filed with Registrant's Rule 24f-2 Notice.
*** Previously filed with post-effective amendment no. 19 to the
Registration Statement (File No. 2-75276) (the "Registration Statement")
on July 27, 1994 and incorporated by reference herein.
**** Previously filed with post-effective amendment No. 20 to the Registration
Statement on February 10, 1995 and incorporated by reference herein.
ITEM 25. Persons Controlled by or Under Common Control with Registrant.
The discussion that follows indicates those entities owned directly or
indirectly by Connecticut Mutual Life Insurance Company:
CONNECTICUT MUTUAL LIFE INSURANCE COMPANY
SUBSIDIARIES
CM ADVANTAGE, INC.
This is a Connecticut corporation incorporated February 27, 1984. Its
business is acting as general partner in real estate limited
partnerships.
DHC, Inc. owns all the outstanding stock.
CM ASSURANCE COMPANY
This is a Connecticut corporation incorporated July 23, 1986 (CM
Insurance Company) and renamed December 15, 1987. Type of
business - life insurance, endowments, annuities, accident,
disability and health insurance. Connecticut Mutual
owns all the stock.
CM BENEFIT INSURANCE COMPANY
This is a Connecticut corporation incorporated April 22, 1986 as
CM Pension Insurance Company and renamed CM Benefit
Insurance Company on December 15, 1987. Type of business -
life insurance, endowments, annuities, accident, disability
and health insurance. Connecticut Mutual owns all the stock.
CM INSURANCE SERVICES, INC.
A Connecticut corporation incorporated July 20, 1981 as
DIVERSIFIED INSURANCE SERVICES OF AMERICA, INC.
and renamed as CM Insurance Services, Inc. on June 23, 1992.
Type of business - the sale of, solicitation for, or procurement or
making of insurance or annuity contracts and any other type of
contract sold by insurance companies. DHC, Inc. owns all the
issued and outstanding stock.
CM INSURANCE SERVICES, INC. (ARKANSAS)
An Arkansas corporation incorporated January 11, 1982 as
Diversified Insurance Services Agency of America and renamed
CM Insurance Services, Inc. on October 19, 1992. Type of business -
the sale of, solicitation for, or procurement or making of insurance or
annuity contracts and any other type of contract sold by insurance
companies. CM Insurance Services, Inc. owns all of the issued
and outstanding common stock.
CM INSURANCE SERVICES, INC. (TEXAS)
A Texas corporation incorporated April 16, 1982 and renamed CM Insurance
Services, Inc. Type of business - the sale of, solicitation for, or
procurement or making of insurance or annuity contracts and any other
type of contract sold by insurance companies. CM Insurance Services,
Inc. controls 100 shares (100%) of the issued and outstanding common
stock through a voting trust.
CM INTERNATIONAL, INC.
A Delaware corporation incorporated July 25, 1985. Type of
business - holding a mortgage pool and issuance of collateralized
mortgage obligations. DHC, Inc. owns all the outstanding stock.
CONNECTICUT MUTUAL INVESTMENT ACCOUNTS, INC.
This is a Maryland corporation incorporated December 9, 1981 as
Connecticut Mutual Liquid Account, Inc.
It is a diversified open-end management investment company. As of
3/31/94, Connecticut Mutual and its various subsidiaries owned
approximately 30% of its shares; AND
CONNECTICUT MUTUAL FINANCIAL SERVICES SERIES FUND I, INC.
This is a Maryland corporation organized August 17, 1981. It is a
diversified open-end management investment company. Shares of the
fund are sold only to Connecticut Mutual and its affiliates, primarily
CML's Panorama separate account.
CONNECTICUT MUTUAL FINANCIAL SERVICES, LLC
A Connecticut limited liability corporation formed November 10, 1994.
It is a registered broker-dealer. Connecticut Mutual has a 99%
ownership interest and CM Strategic Ventures, Inc. has a 1% ownership
interest.
C. M. LIFE INSURANCE COMPANY
A Connecticut corporation incorporated April 25, 1980. Its business is
the sale of life insurance, endowments, annuities, accident, disability
and accident and health insurance. Connecticut Mutual owns all the
common Stock.
CM PROPERTY MANAGEMENT, INC.
A Connecticut corporation incorporated December 27, 1976 as URBCO, Inc.,
and renamed CM Property Management, Inc. on October 7, 1991. Type of
business - Real estate holding company DHC, Inc. owns all the stock.
CM STRATEGIC VENTURES, INC.
A Connecticut corporation incorporated October 26, 1987. It acts as
general partner in limited partnerships.
All outstanding stock is held by G.R. Phelps & Co., Inc.
CM TRANSNATIONAL S.A.
A Luxembourg corporation incorporated July 8, 1987. Type of business -
life insurance endowments and annuity contracts. Connecticut Mutual
owns 99.7% and DHC, Inc. owns the remaining 0.3% of outstanding stock.
CML INVESTMENTS I CORP.
A Delaware corporation incorporated December 26, 1991. This Company is
organized to authorize, co-issue, sell and deliver jointly with CML
Investments I L.P. bonds, notes or other obligations secured by
primarily non-investment grade corporate debt obligations and other
collateral. CML Investments I L.P. owns all of the outstanding stock
(State House I Corp. is the General Partner of CML Investments I L.P.).
DHC, INC.
A Connecticut corporation incorporated December 27, 1976. Type of
business - holding company.
Connecticut Mutual owns all the stock.
DIVERSIFIED INSURANCE SERVICES AGENCY OF AMERICA, INC. (DISA OHIO)
An Ohio corporation incorporated March 18, 1982. Type of business - the
sale of, solicitation for, or procurement or making of insurance or
annuity contracts and any other type of contract sold by insurance
companies. CM Insurance Services, Inc. holds 100 shares (100%) of the
issued and outstanding Class B (non-voting) common. In addition, it
controls 1 share (100%) of the issued and outstanding Class A (voting)
common through a voting trust.
DIVERSIFIED INSURANCE SERVICES AGENCY OF AMERICA, INC. (DISA MASSACHUSETTS)
A Massachusetts corporation incorporated March 18, 1982. Type of
business - the sale of, solicitation for, or procurement or making of
insurance or annuity contracts and any other type of contract sold by
insurance companies.
CM Insurance Services, Inc. owns all of the issued and outstanding
stock.
DIVERSIFIED INSURANCE SERVICES AGENCY OF AMERICA, INC. (DISA ALABAMA)
An Alabama corporation incorporated January 21, 1982. Type of
business - the sale of, solicitation for, or procurement or making of
insurance or annuity contracts and any other type of contract sold by
insurance companies.
CM Insurance Services, Inc. owns all of the issued and outstanding
stock.
DIVERSIFIED INSURANCE SERVICES AGENCY OF AMERICA, INC. (DISA NEW YORK)
A New York corporation incorporated January 20, 1982. Type of
business - the sale of, solicitation for, or procurement or making of
insurance or annuity contracts and any other type of contract sold by
insurance companies.
CM Insurance Services, Inc. owns all of the issued and outstanding
common stock.
DIVERSIFIED INSURANCE SERVICES AGENCY OF AMERICA, INC. (DISA HAWAII)
A Hawaii corporation incorporated January 13, 1982. Type of
business - the sale of, solicitation for, or procurement or making of
insurance or annuity contracts and any other type of contract sold by
insurance companies.
CM Insurance Services, Inc. owns all of the issued and outstanding
common stock.
G. R. PHELPS & CO., INC.
A Connecticut corporation incorporated December 27, 1976 as AGCO, Inc.,
renamed Connecticut Mutual Financial Services, Inc. on February 10,
1981, renamed again to G. R. Phelps & Co. on May 31, 1989. Type of
business - broker/dealer and investment adviser.
DHC, Inc. owns all the outstanding stock.
STATE HOUSE I CORPORATION
A Delaware corporation incorporated December 26, 1991. This Company is
organized to (a) act as a general partner of CML Investments I L.P.
which will authorize, issue, sell and deliver, both by itself and
jointly with CML Investments I Corp. bonds, notes or other obligations
secured by primarily non-investment grade corporate debt obligations;
(b) to act as general partner of State House I L.P. which will hold a
limited partnership interest in CML Investments I L.P.
DHC, Inc. owns all of the outstanding stock.
SUNRIVER PROPERTIES, INC. - SHELL CORPORATION
This is an Oregon corporation incorporated February 8, 1965. It is not
actively engaged in any business. However, its name is a valuable asset
which is associated with a development project in which CML has a
substantial interest.
Connecticut Mutual owns all the outstanding stock.
URBAN PROPERTIES INC.
A Delaware corporation incorporated March 30, 1970. Type of business -
general partner in limited partnerships, real estate holding and
development company.
DHC, Inc. owns all the outstanding stock.
<PAGE>
ITEM 26. Number of Holders of Securities.
</TABLE>
<TABLE>
<CAPTION>
Number of Record Holders
<S> <C>
Title of Class as of August 31, 1995
- -------------- ------------------------
Connecticut Mutual Liquid Account 4,883
Connecticut Mutual Government
Securities Account 2,723
Connecticut Mutual Income Account 1,856
Connecticut Mutual Total Return Account 14,041
Connecticut Mutual Growth Account 6,781
CMIA National Municipals Account 124
CMIA California Municipals Account 7
CMIA Massachusetts Municipals Account 8
CMIA New York Municipals Account 26
CMIA Ohio Municipals Account 30
CMIA LifeSpan Capital Appreciation Account 46
CMIA LifeSpan Balanced Account 165
CMIA LifeSpan Diversified Income Account 223
________
</TABLE>
Total Holders of Securities 30,913
<TABLE>
<CAPTION>
<S> <C>
ITEM 27. Indemnification.
Reference is made to Article VI of By-laws filed with
Post-Effective Amendment Number 13.
ITEM 28. Business and Other Connections of Investment Adviser.
</TABLE>
All of the information required by this item is set forth in the Forms
ADV, as amended, of the Registrant's investment adviser, G.R. Phelps & Co.,
Inc. (File No. 801-16182), and subadvisers, Scudder, Stevens & Clark, Inc.
(File No. 801-252), Pilgrim, Baxter & Assoc. Ltd. and BEA Associates. The
following sections of each such Form ADV are incorporated herein by reference:
(a) Items 1 and 2 of Part 2; and (b) Section IV, Business Background, of each
Schedule D.
ITEM 29. Principal Underwriters.
Registrant's distributor, Connecticut Mutual Financial Services, LLC.
("CMFS") is a majority owned subsidiary of Connecticut Mutual Life
Insurance Company ("CML"). CMFS is the principal underwriter for
Panaroma Separate Account, Panaroma Plus Separate Account and
Connecticut Mutual Variable Life Separate Account I, each a separate
account of CML or its subsidiaries and a registered investment company.
Panorama Separate Account and Panaroma Plus Separate Account are used to
fund variable annuity policies. Connecticut Mutual Variable Life Separate
Account I is used to fund variable annuity and variable life policies.
CMFS is also principal underwriter for the Connecticut Mutual Financial
Services Series Fund I, Inc., an open-end investment company whose shares
are offered to insurance company separate accounts.
The Directors and principal officers of CMFS and their principal occupations
during the last two years are as follows:
Name* Position with CMFS Position with
Registrant
Frank G. Dranginis President None
Emelia M. Bruno Financial and Operations None
Principal
Theresa M. Squillacote Compliance Officer None
Ann Iseley Vice President None
Ann F. Lomeli Secretary Secretary
* Principal Business Address of each person listed above is 140 Garden
Street, Hartford, Connecticut 06154.
ITEM 30. Location of Accounts and Records.
Books or other documents required to be maintained by the Registrant by
Section 31(a) of the Investment Company Act of 1940 and the Rules promulgated
thereunder are maintained by the Registrant's custodians, Investors Bank &
Trust Company, 24 Federal Street, Boston, MA 02110 and 89 South Street,
Boston, MA 02111 (with respect to the CMIA Municipal Accounts Only) and State
Street Bank and Trust Company, 225 Franklin Street, Boston, MA 02110 and the
Registrant's transfer agent, NFDS, 1005 Baltimore, 5th Floor, Kansas City, MO
64105, with the exception of certain portfolio trading documents (with respect
to CMIA Municipal Accounts only) which are in the possession and custody of
Eaton Vance Management, 24 Federal Street, Boston, MA 02110. Registrant's
financial ledgers and other corporate records are maintained at its offices at
140 Garden Street, Hartford, CT 06154. Registrant is informed that all
applicable accounts, books and documents (with respect to CMIA Municipal
Accounts only) required to be maintained by registered investment advisers are
in the custody and possession of Eaton Vance Management.
<TABLE>
<CAPTION>
ITEM 31. Management Services.
Not applicable.
ITEM 32. Undertakings.
<C> <C> <S>
(a) Not applicable.
(b) Not applicable.
<FN>
(c) The Company will furnish each person to whom a prospectus is
delivered with a copy of the Company's latest annual report to shareholders,
upon request and without charge.
</TABLE>
(d) The Registrant undertakes to comply with Section 16(c) of the
Investment Company Act of 1940, as amended, as it relates to the assistance
to be rendered to shareholders with respect to the call of a meeting to
replace a director.
SIGNATURES
Pursuant to the requirements of the Securities Act of 1933 the Registrant
certifies that it has caused this Post-Effective Amendment No. 25 to the
Registration Statement ("PEA No. 25") to be signed on its behalf by the
undersigned, thereunto duly authorized, in the City of Hartford, State of
Connecticut, on the 4th day of October, 1995. The Registrant certifies
that it meets all of the requirements for effectiveness of this PEA 25
pursuant to paragraph (b) of Rule 485 under the Securities Act of 1933.
CONNECTICUT MUTUAL INVESTMENT ACCOUNTS, INC.
By: *Donald H. Pond, Jr.
------------------------
Donald H. Pond, Jr.
President
Pursuant to the requirements of the Securities Act of 1933, this PEA No.
25 has been signed below by the following persons in the capacities and on the
date indicated.
<TABLE>
<CAPTION>
Signature Title Date
----------------------- ------------------ ----
<S> <C> <C> <C>
*Donald H. Pond, Jr. President and Director
- ----------------------------
Donald H. Pond, Jr. (Principal Executive
Officer)
*Richard Hixon Ayers Director
- ----------------------------
Richard Hixon Ayers
*David Ellis Adams Carson Director
- ----------------------------
David Ellis Adams Carson
*Richard Warren Greene Director
- ----------------------------
Richard Warren Greene
*Beverly Lannquist Hamilton Director
- ----------------------------
Beverly Lannquist Hamilton
*David E. Sams, Jr. Director
- ----------------------------
David E. Sams, Jr.
*Linda M. Napoli Treasurer
- ----------------------------
Linda M. Napoli (Principal Financial
and Accounting Officer)
*By:/s/ Michael A. Chong Attorney-in-fact October 4, 1995
- ----------------------------
Michael A. Chong
</TABLE>
<PAGE>
EXHIBIT INDEX
<TABLE>
<CAPTION>
Exhibit No. Page No.
<S> <C> <C>
99.B27.1 Financial Data Schedule for Connecticut Mutual
Liquid Account for the year ended December 31, 1994.
99.B27.2 Financial Data Schedule for Connecticut Mutual
Government Securities Account for the year ended
December 31, 1994.
99.B27.3 Financial Data Schedule for Connecticut Mutual
Income Account for the year ended December 31, 1994.
99.B27.4 Financial Data Schedule for Connecticut Mutual
Total Return Account for the year ended December 31, 1994.
99.B27.5 Financial Data Schedule for Connecticut Mutual
Growth Account for the year ended December 31, 1994.
99.B27.6 Financial Data Schedule for Connecticut Mutual
Liquid Account for the six months ended June 30, 1995.
99.B27.7 Financial Data Schedule for Connecticut Mutual
Government Securities Account for the six months ended
June 30, 1995.
99.B27.8 Financial Data Schedule for Connecticut Mutual
Income Account for the six months ended June 30, 1995.
99.B27.9 Financial Data Schedule for Connecticut Mutual
Total Return Account for the six months ended June 30, 1995.
99.B27.10 Financial Data Schedule for Connecticut Mutual
Growth Account for the six months ended June 30, 1995.
99.B27.11 Financial Data Schedule for CMIA LifeSpan Capital
Appreciation Account for the four month period ended
August 31, 1995.
99.B27.12 Financial Data Schedule for CMIA LifeSpan Balanced Account
for the four month period ended August 31, 1995.
99.B27.13 Financial Data Schedule for CMIA LifeSpan Diversified Income
Account for the four month period ended August 31, 1995.
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 01
<NAME> LIQUID ACCOUNT
<S> <C>
<PERIOD-TYPE> YEAR
<FISCAL-YEAR-END> DEC-31-1994
<PERIOD-END> DEC-31-1994
<INVESTMENTS-AT-COST> 63,942,445
<INVESTMENTS-AT-VALUE> 63,942,445
<RECEIVABLES> 96,517
<ASSETS-OTHER> 6,595
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 64,045,557
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 99,687
<TOTAL-LIABILITIES> 99,687
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 0
<SHARES-COMMON-STOCK> 63,945,870
<SHARES-COMMON-PRIOR> 76,620,394
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 0
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 0
<NET-ASSETS> 63,945,870
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 2,574,981
<OTHER-INCOME> 0
<EXPENSES-NET> 715,166
<NET-INVESTMENT-INCOME> 2,575,968
<REALIZED-GAINS-CURRENT> (987)
<APPREC-INCREASE-CURRENT> 0
<NET-CHANGE-FROM-OPS> 2,574,981
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> (2,574,981)
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 177,469,640
<NUMBER-OF-SHARES-REDEEMED> 192,692,366
<SHARES-REINVESTED> 2,548,202
<NET-CHANGE-IN-ASSETS> (12,674,524)
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 385,774
<INTEREST-EXPENSE> 329,392
<GROSS-EXPENSE> 715,166
<AVERAGE-NET-ASSETS> 77,154,800
<PER-SHARE-NAV-BEGIN> 1.00
<PER-SHARE-NII> .033
<PER-SHARE-GAIN-APPREC> 0
<PER-SHARE-DIVIDEND> (.033)
<PER-SHARE-DISTRIBUTIONS> (.033)
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 1.00
<EXPENSE-RATIO> .93
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 02
<NAME> GOVERNMENT SECURITIES ACCOUNT
<S> <C>
<PERIOD-TYPE> YEAR
<FISCAL-YEAR-END> DEC-31-1994
<PERIOD-END> DEC-31-1994
<INVESTMENTS-AT-COST> 63,037,182
<INVESTMENTS-AT-VALUE> 59,080,644
<RECEIVABLES> 1,202,126
<ASSETS-OTHER> 606
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 60,283,376
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 121,037
<TOTAL-LIABILITIES> 121,037
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 0
<SHARES-COMMON-STOCK> 6,163,266
<SHARES-COMMON-PRIOR> 7,111,279
<ACCUMULATED-NII-CURRENT> 31,978
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (2,853,150)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 0
<NET-ASSETS> 60,162,339
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 5,611,282
<OTHER-INCOME> 0
<EXPENSES-NET> 669,180
<NET-INVESTMENT-INCOME> 4,942,102
<REALIZED-GAINS-CURRENT> (2,822,974)
<APPREC-INCREASE-CURRENT> (5,366,869)
<NET-CHANGE-FROM-OPS> (3,247,741)
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (4,939,034)
<DISTRIBUTIONS-OF-GAINS> (56,279)
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 722,134
<NUMBER-OF-SHARES-REDEEMED> 2,116,136
<SHARES-REINVESTED> 445,989
<NET-CHANGE-IN-ASSETS> (17,433,900)
<ACCUMULATED-NII-PRIOR> 28,910
<ACCUMULATED-GAINS-PRIOR> 26,103
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 460,523
<INTEREST-EXPENSE> 208,657
<GROSS-EXPENSE> 669,180
<AVERAGE-NET-ASSETS> 73,545,491
<PER-SHARE-NAV-BEGIN> 10.91
<PER-SHARE-NII> .69
<PER-SHARE-GAIN-APPREC> (1.14)
<PER-SHARE-DIVIDEND> (.69)
<PER-SHARE-DISTRIBUTIONS> (.69)
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 9.76
<EXPENSE-RATIO> .91
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 03
<NAME> INCOME ACCOUNT
<S> <C>
<PERIOD-TYPE> YEAR
<FISCAL-YEAR-END> Dec-31-1994
<PERIOD-END> Dec-31-1994
<INVESTMENTS-AT-COST> 48,327,916
<INVESTMENTS-AT-VALUE> 45,659,280
<RECEIVABLES> 909,481
<ASSETS-OTHER> 24,824
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 46,593,585
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 46,621
<TOTAL-LIABILITIES> 46,621
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 0
<SHARES-COMMON-STOCK> 5,094,374
<SHARES-COMMON-PRIOR> 4,932,544
<ACCUMULATED-NII-CURRENT> 17,359
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (1,698,673)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 0
<NET-ASSETS> 46,546,964
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 3,789,066
<OTHER-INCOME> 0
<EXPENSES-NET> 304,391
<NET-INVESTMENT-INCOME> 3,484,675
<REALIZED-GAINS-CURRENT> (660,384)
<APPREC-INCREASE-CURRENT> (3,054,974)
<NET-CHANGE-FROM-OPS> (230,683)
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (3,473,505)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 1,209,211
<NUMBER-OF-SHARES-REDEEMED> 1,367,697
<SHARES-REINVESTED> 320,316
<NET-CHANGE-IN-ASSETS> (2,089,483)
<ACCUMULATED-NII-PRIOR> 6,189
<ACCUMULATED-GAINS-PRIOR> (1,038,289)
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 304,391
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 304,391
<AVERAGE-NET-ASSETS> 48,650,735
<PER-SHARE-NAV-BEGIN> 9.86
<PER-SHARE-NII> .68
<PER-SHARE-GAIN-APPREC> (.72)
<PER-SHARE-DIVIDEND> (.68)
<PER-SHARE-DISTRIBUTIONS> (.68)
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 9.14
<EXPENSE-RATIO> .63
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 04
<NAME> TOTAL RETURN ACCOUNT
<S> <C>
<PERIOD-TYPE> YEAR
<FISCAL-YEAR-END> DEC-31-1994
<PERIOD-END> DEC-31-1994
<INVESTMENTS-AT-COST> 174,846,837
<INVESTMENTS-AT-VALUE> 174,563,646
<RECEIVABLES> 4,655,824
<ASSETS-OTHER> 23,940
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 179,243,410
<PAYABLE-FOR-SECURITIES> 1,067,243
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 272,160
<TOTAL-LIABILITIES> 1,339,403
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 0
<SHARES-COMMON-STOCK> 13,232,562
<SHARES-COMMON-PRIOR> 11,774,184
<ACCUMULATED-NII-CURRENT> 44,571
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 532,694
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 0
<NET-ASSETS> 177,904,007
<DIVIDEND-INCOME> 1,984,611
<INTEREST-INCOME> 6,944,799
<OTHER-INCOME> 0
<EXPENSES-NET> 1,801,485
<NET-INVESTMENT-INCOME> 7,127,925
<REALIZED-GAINS-CURRENT> 2,872,138
<APPREC-INCREASE-CURRENT> (14,089,642)
<NET-CHANGE-FROM-OPS> (4,089,579)
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (7,098,435)
<DISTRIBUTIONS-OF-GAINS> (3,186,699)
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 3,669,900
<NUMBER-OF-SHARES-REDEEMED> 2,955,224
<SHARES-REINVESTED> 6,609,877
<NET-CHANGE-IN-ASSETS> (12,674,524)
<ACCUMULATED-NII-PRIOR> 15,081
<ACCUMULATED-GAINS-PRIOR> 847,255
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 1,173,401
<INTEREST-EXPENSE> 628,084
<GROSS-EXPENSE> 1,801,485
<AVERAGE-NET-ASSETS> 186,803,264
<PER-SHARE-NAV-BEGIN> 14.54
<PER-SHARE-NII> .55
<PER-SHARE-GAIN-APPREC> (.86)
<PER-SHARE-DIVIDEND> (.55)
<PER-SHARE-DISTRIBUTIONS> (.55)
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 13.44
<EXPENSE-RATIO> .96
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 05
<NAME> GROWTH ACCOUNT
<S> <C>
<PERIOD-TYPE> YEAR
<FISCAL-YEAR-END> DEC-31-1994
<PERIOD-END> DEC-31-1994
<INVESTMENTS-AT-COST> 73,244,155
<INVESTMENTS-AT-VALUE> 78,065,900
<RECEIVABLES> 1,602,486
<ASSETS-OTHER> 6,409
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 79,674,795
<PAYABLE-FOR-SECURITIES> 1,157,491
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 127,466
<TOTAL-LIABILITIES> 1,284,957
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 0
<SHARES-COMMON-STOCK> 5,520,444
<SHARES-COMMON-PRIOR> 4,261,098
<ACCUMULATED-NII-CURRENT> 1,393
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 528,131
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 0
<NET-ASSETS> 78,389,838
<DIVIDEND-INCOME> 1,499,227
<INTEREST-INCOME> 312,020
<OTHER-INCOME> 0
<EXPENSES-NET> 733,949
<NET-INVESTMENT-INCOME> 1,077,298
<REALIZED-GAINS-CURRENT> 3,074,097
<APPREC-INCREASE-CURRENT> (4,619,868)
<NET-CHANGE-FROM-OPS> (468,473)
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (1,076,035)
<DISTRIBUTIONS-OF-GAINS> (3,254,775)
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 1,391,034
<NUMBER-OF-SHARES-REDEEMED> 430,233
<SHARES-REINVESTED> 298,545
<NET-CHANGE-IN-ASSETS> 13,894,913
<ACCUMULATED-NII-PRIOR> 130
<ACCUMULATED-GAINS-PRIOR> 708,809
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 447,812
<INTEREST-EXPENSE> 286,137
<GROSS-EXPENSE> 733,949
<AVERAGE-NET-ASSETS> 71,794,162
<PER-SHARE-NAV-BEGIN> 15.14
<PER-SHARE-NII> .22
<PER-SHARE-GAIN-APPREC> (.32)
<PER-SHARE-DIVIDEND> (.22)
<PER-SHARE-DISTRIBUTIONS> (.22)
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 14.20
<EXPENSE-RATIO> 1.02
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 01
<NAME> LIQUID ACCOUNT
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> DEC-31-1995
<PERIOD-END> JUN-30-1995
<INVESTMENTS-AT-COST> 63,762,744
<INVESTMENTS-AT-VALUE> 63,762,744
<RECEIVABLES> 197,900
<ASSETS-OTHER> 2,853
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 63,963,497
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 99,714
<TOTAL-LIABILITIES> 99,714
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 63,863,783
<SHARES-COMMON-STOCK> 63,863,783
<SHARES-COMMON-PRIOR> 63,863,783
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 0
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 0
<NET-ASSETS> 63,863,783
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 2,021,301
<OTHER-INCOME> 0
<EXPENSES-NET> 311,319
<NET-INVESTMENT-INCOME> 1,709,982
<REALIZED-GAINS-CURRENT> 2
<APPREC-INCREASE-CURRENT> 0
<NET-CHANGE-FROM-OPS> 1,709,984
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (1,709,984)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 87,303,939
<NUMBER-OF-SHARES-REDEEMED> 89,060,819
<SHARES-REINVESTED> 1,674,793
<NET-CHANGE-IN-ASSETS> (82,087)
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 165,853
<INTEREST-EXPENSE> 145,466
<GROSS-EXPENSE> 133,319
<AVERAGE-NET-ASSETS> 66,890,988
<PER-SHARE-NAV-BEGIN> 1.00
<PER-SHARE-NII> .026
<PER-SHARE-GAIN-APPREC> 0
<PER-SHARE-DIVIDEND> .026
<PER-SHARE-DISTRIBUTIONS> .026
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 1.00
<EXPENSE-RATIO> (.94)
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 02
<NAME> GOVERNMENT SECURITIES ACCOUNT
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> DEC-31-1995
<PERIOD-END> JUN-30-1995
<INVESTMENTS-AT-COST> 50,109,117
<INVESTMENTS-AT-VALUE> 50,819,355
<RECEIVABLES> 1,061,846
<ASSETS-OTHER> 1,393
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 51,883,594
<PAYABLE-FOR-SECURITIES> 511,720
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 113,406
<TOTAL-LIABILITIES> 625,126
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 53,921,691
<SHARES-COMMON-STOCK> 4,907,718
<SHARES-COMMON-PRIOR> 6,163,339
<ACCUMULATED-NII-CURRENT> 72,169
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (3,445,630)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 710,238
<NET-ASSETS> 51,258,468
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 2,382,456
<OTHER-INCOME> 0
<EXPENSES-NET> 275,125
<NET-INVESTMENT-INCOME> 2,107,331
<REALIZED-GAINS-CURRENT> (592,478)
<APPREC-INCREASE-CURRENT> 4,666,776
<NET-CHANGE-FROM-OPS> 6,181,629
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (2,574,981)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 161,212
<NUMBER-OF-SHARES-REDEEMED> 1,598,262
<SHARES-REINVESTED> 181,502
<NET-CHANGE-IN-ASSETS> (8,903,871)
<ACCUMULATED-NII-PRIOR> 31,978
<ACCUMULATED-GAINS-PRIOR> (2,853,150)
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 183,692
<INTEREST-EXPENSE> 91,433
<GROSS-EXPENSE> 275,125
<AVERAGE-NET-ASSETS> 59,719,135
<PER-SHARE-NAV-BEGIN> 9.76
<PER-SHARE-NII> .370
<PER-SHARE-GAIN-APPREC> .670
<PER-SHARE-DIVIDEND> (.360)
<PER-SHARE-DISTRIBUTIONS> .360
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 10.44
<EXPENSE-RATIO> (.94)
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 03
<NAME> INCOME ACCOUNT
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> DEC-31-1995
<PERIOD-END> JUN-30-1995
<INVESTMENTS-AT-COST> 45,915,533
<INVESTMENTS-AT-VALUE> 45,301,276
<RECEIVABLES> 843,120
<ASSETS-OTHER> 9,863
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 46,154,259
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 45,371
<TOTAL-LIABILITIES> 45,371
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 48,871,786
<SHARES-COMMON-STOCK> 4,882,627
<SHARES-COMMON-PRIOR> 5,094,374
<ACCUMULATED-NII-CURRENT> 36,057
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (2,184,698)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> (614,257)
<NET-ASSETS> 46,108,888
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 1,807,409
<OTHER-INCOME> 0
<EXPENSES-NET> 145,711
<NET-INVESTMENT-INCOME> 1,661,698
<REALIZED-GAINS-CURRENT> (486,025)
<APPREC-INCREASE-CURRENT> 2,054,379
<NET-CHANGE-FROM-OPS> 3,230,052
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (1,643,000)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 406,488
<NUMBER-OF-SHARES-REDEEMED> (769,419)
<SHARES-REINVESTED> 151,184
<NET-CHANGE-IN-ASSETS> (438,076)
<ACCUMULATED-NII-PRIOR> 17,359
<ACCUMULATED-GAINS-PRIOR> (1,698,673)
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 145,711
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 145,711
<AVERAGE-NET-ASSETS> 47,084,972
<PER-SHARE-NAV-BEGIN> 9.14
<PER-SHARE-NII> .33
<PER-SHARE-GAIN-APPREC> .30
<PER-SHARE-DIVIDEND> (.33)
<PER-SHARE-DISTRIBUTIONS> .33
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 9.44
<EXPENSE-RATIO> .63
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 04
<NAME> TOTAL RETURN ACCOUNT
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> DEC-31-1995
<PERIOD-END> JUN-30-1995
<INVESTMENTS-AT-COST> 185,776,137
<INVESTMENTS-AT-VALUE> 292,025,040
<RECEIVABLES> 1,873,307
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 8,746
<TOTAL-ASSETS> 203,907,093
<PAYABLE-FOR-SECURITIES> 855,457
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 334,009
<TOTAL-LIABILITIES> 1,189,466
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 183,199,804
<SHARES-COMMON-STOCK> 13,611,391
<SHARES-COMMON-PRIOR> 13,232,562
<ACCUMULATED-NII-CURRENT> 128,739
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 3,140,181
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 16,248,903
<NET-ASSETS> 202,717,627
<DIVIDEND-INCOME> 945,743
<INTEREST-INCOME> 4,146,518
<OTHER-INCOME> 0
<EXPENSES-NET> 971,994
<NET-INVESTMENT-INCOME> 4,120,267
<REALIZED-GAINS-CURRENT> 2,607,488
<APPREC-INCREASE-CURRENT> 16,532,571
<NET-CHANGE-FROM-OPS> 23,259,849
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (4,036,099)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 1,034,767
<NUMBER-OF-SHARES-REDEEMED> 921,386
<SHARES-REINVESTED> 265,449
<NET-CHANGE-IN-ASSETS> 24,813,620
<ACCUMULATED-NII-PRIOR> 44,571
<ACCUMULATED-GAINS-PRIOR> 532,694
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 586,971
<INTEREST-EXPENSE> 385,023
<GROSS-EXPENSE> 971,994
<AVERAGE-NET-ASSETS> 189,448,977
<PER-SHARE-NAV-BEGIN> 13.44
<PER-SHARE-NII> .31
<PER-SHARE-GAIN-APPREC> 1.44
<PER-SHARE-DIVIDEND> (.30)
<PER-SHARE-DISTRIBUTIONS> .30
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 14.89
<EXPENSE-RATIO> (1.20)
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 05
<NAME> GROWTH ACCOUNT
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> DEC-31-1995
<PERIOD-END> JUN-30-1995
<INVESTMENTS-AT-COST> 81,314,182
<INVESTMENTS-AT-VALUE> 98,035,813
<RECEIVABLES> 901,043
<ASSETS-OTHER> 5,339
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 98,942,195
<PAYABLE-FOR-SECURITIES> 1,083,336
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 167,379
<TOTAL-LIABILITIES> 1,250,715
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 78,476,370
<SHARES-COMMON-STOCK> 5,874,382
<SHARES-COMMON-PRIOR> 5,520,444
<ACCUMULATED-NII-CURRENT> 67,221
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 2,426,258
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 16,721,631
<NET-ASSETS> 97,691,480
<DIVIDEND-INCOME> 1,016,400
<INTEREST-INCOME> 276,503
<OTHER-INCOME> 0
<EXPENSES-NET> 476,420
<NET-INVESTMENT-INCOME> 816,483
<REALIZED-GAINS-CURRENT> 1,898,129
<APPREC-INCREASE-CURRENT> 11,899,886
<NET-CHANGE-FROM-OPS> 14,614,498
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (750,655)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 595,765
<NUMBER-OF-SHARES-REDEEMED> 286,765
<SHARES-REINVESTED> 44,738
<NET-CHANGE-IN-ASSETS> 19,301,642
<ACCUMULATED-NII-PRIOR> 1,393
<ACCUMULATED-GAINS-PRIOR> 528,131
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 271,361
<INTEREST-EXPENSE> 205,059
<GROSS-EXPENSE> 476,420
<AVERAGE-NET-ASSETS> 87,623,001
<PER-SHARE-NAV-BEGIN> 14.20
<PER-SHARE-NII> .14
<PER-SHARE-GAIN-APPREC> 2.42
<PER-SHARE-DIVIDEND> (.13)
<PER-SHARE-DISTRIBUTIONS> .13
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 16.63
<EXPENSE-RATIO> (1.26)
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER>11
<NAME> LIFESPAN DIVERSIFIED INCOME
<S> <C>
<PERIOD-TYPE> 4-MOS
<FISCAL-YEAR-END> DEC-31-1995
<PERIOD-END> AUG-31-1995
<INVESTMENTS-AT-COST> 21,337,190
<INVESTMENTS-AT-VALUE> 21,866,569
<RECEIVABLES> 346,183
<ASSETS-OTHER> 57,357
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 22,170,109
<PAYABLE-FOR-SECURITIES> 69,540
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 44,859
<TOTAL-LIABILITIES> 114,399
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 21,533,496
<SHARES-COMMON-STOCK> 2,149,005
<SHARES-COMMON-PRIOR> 0
<ACCUMULATED-NII-CURRENT> 19,328
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 73,507
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 529,379
<NET-ASSETS> 22,155,710
<DIVIDEND-INCOME> 75,153
<INTEREST-INCOME> 401,059
<OTHER-INCOME> 0
<EXPENSES-NET> 105,830
<NET-INVESTMENT-INCOME> 371,82
<REALIZED-GAINS-CURRENT> 73,507
<APPREC-INCREASE-CURRENT> 529,379
<NET-CHANGE-FROM-OPS> 974,268
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (352,054)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 2,115,288
<NUMBER-OF-SHARES-REDEEMED> 14
<SHARES-REINVESTED> 33,731
<NET-CHANGE-IN-ASSETS> 22,155,710
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 52,915
<INTEREST-EXPENSE> 52,915
<GROSS-EXPENSE> 105,830
<AVERAGE-NET-ASSETS> 21,108,321
<PER-SHARE-NAV-BEGIN> 10.00
<PER-SHARE-NII> .18
<PER-SHARE-GAIN-APPREC> .30
<PER-SHARE-DIVIDEND> (.17)
<PER-SHARE-DISTRIBUTIONS> (.17)
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 10.31
<EXPENSE-RATIO> 1.50
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER>12
<NAME> LIFESPAN BALANCED ACCOUNTS
<S> <C>
<PERIOD-TYPE> 4-MOS
<FISCAL-YEAR-END> DEC-31-1995
<PERIOD-END> AUG-31-1995
<INVESTMENTS-AT-COST> 34,848,140
<INVESTMENTS-AT-VALUE> 36,679,230
<RECEIVABLES> 1,052,072
<ASSETS-OTHER> 132,449
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 37,863,751
<PAYABLE-FOR-SECURITIES> 109,538
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 65,126
<TOTAL-LIABILITIES> 174,664
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 35,240,372
<SHARES-COMMON-STOCK> 3,514,925
<SHARES-COMMON-PRIOR> 0
<ACCUMULATED-NII-CURRENT> 220,115
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 358,255
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 1,870,345
<NET-ASSETS> 37,689,087
<DIVIDEND-INCOME> 165,387
<INTEREST-INCOME> 443,074
<OTHER-INCOME> 0
<EXPENSES-NET> 183,357
<NET-INVESTMENT-INCOME> 425,104
<REALIZED-GAINS-CURRENT> 380,067
<APPREC-INCREASE-CURRENT> 1,870,345
<NET-CHANGE-FROM-OPS> 2,653,704
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (204,989)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 3,496,008
<NUMBER-OF-SHARES-REDEEMED> 1,043
<SHARES-REINVESTED> 19,960
<NET-CHANGE-IN-ASSETS> 37,689,087
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 100,551
<INTEREST-EXPENSE> 82,806
<GROSS-EXPENSE> 183,357
<AVERAGE-NET-ASSETS> 35,391,583
<PER-SHARE-NAV-BEGIN> 10.00
<PER-SHARE-NII> .12
<PER-SHARE-GAIN-APPREC> .66
<PER-SHARE-DIVIDEND> (.06)
<PER-SHARE-DISTRIBUTIONS> (.06)
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 10.72
<EXPENSE-RATIO> 1.55
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER>13
<NAME> LIFESPAN CAPITAL APPRECIATION ACCOUNT
<S> <C>
<PERIOD-TYPE> 4-MOS
<FISCAL-YEAR-END> DEC-31-1995
<PERIOD-END> AUG-31-1995
<INVESTMENTS-AT-COST> 26,742,140
<INVESTMENTS-AT-VALUE> 28,567,216
<RECEIVABLES> 499,540
<ASSETS-OTHER> 113,684
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 29,180,440
<PAYABLE-FOR-SECURITIES> 299,613
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 44,241
<TOTAL-LIABILITIES> 343,854
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 26,617,638
<SHARES-COMMON-STOCK> 2,652,171
<SHARES-COMMON-PRIOR> 0
<ACCUMULATED-NII-CURRENT> 108,720
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 245,897
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 1,864,331
<NET-ASSETS> 28,836,586
<DIVIDEND-INCOME> 165,547
<INTEREST-INCOME> 212,278
<OTHER-INCOME> 0
<EXPENSES-NET> 138,413
<NET-INVESTMENT-INCOME> 239,412
<REALIZED-GAINS-CURRENT> 245,897
<APPREC-INCREASE-CURRENT> 1,864,331
<NET-CHANGE-FROM-OPS> 2,349,640
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (130,692)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 2,640,518
<NUMBER-OF-SHARES-REDEEMED> 1,035
<SHARES-REINVESTED> 12,688
<NET-CHANGE-IN-ASSETS> 28,836,586
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 75,904
<INTEREST-EXPENSE> 62,509
<GROSS-EXPENSE> 138,413
<AVERAGE-NET-ASSETS> 26,716,420
<PER-SHARE-NAV-BEGIN> 10.00
<PER-SHARE-NII> .09
<PER-SHARE-GAIN-APPREC> .83
<PER-SHARE-DIVIDEND> (.05)
<PER-SHARE-DISTRIBUTIONS> (.05)
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 10.87
<EXPENSE-RATIO> 1.55
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
