<PAGE> PAGE 1
000 B000000 08/31/95
000 C000000 0000049905
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000 F000000 Y
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001 A000000 FORTIS EQUITY PORTFOLIOS, INC.
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001 C000000 6127384000
002 A000000 500 BIELENBERG DRIVE
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002 C000000 MN
002 D010000 55125
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020 A000001 BRIDGE TRADING CO.
020 B000001 43-1034850
020 C000001 19
020 A000002 LIPPER ANALYTICAL SECURITIES CORP.
020 B000002 13-2792478
020 C000002 16
020 A000003 INFERENTIAL FOCUS
020 B000003 13-3177901
020 C000003 13
020 A000004 U.B.S. SECURITIES
020 B000004 13-2932996
020 C000004 8
020 A000005 COWEN & CO.
020 B000005 13-5616116
020 C000005 7
020 A000006 PAINE WEBBER, INC.
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<PAGE> PAGE 2
020 C000006 7
020 A000007 BLAIR (WILLIAM) & CO.
020 B000007 36-2214610
020 C000007 5
020 A000008 SOUNDVIEW FINANCIAL GROUP, INC.
020 B000008 13-2976216
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020 A000009 SCHRODER WERTHEIM & CO., INC.
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020 A000010 DONALDSON, LUFKIN & JENRETTE SECURITIES
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<PAGE> PAGE 3
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<PAGE> PAGE 4
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<PAGE> PAGE 6
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SIGNATURE TAMARA L. FAGELY
TITLE TREASURER
KPMG Peat Marwick LLP
4200 Norwest Center
90 South Seventh Street
Minneapolis, MN 55402
Independent Auditors' Report on Internal Accounting
Control
The Board of Directors and Shareholders
Fortis Equity Portfolios, Inc.:
In planning and performing our audit of the financial
statements of Fortis Equity Portfolios, Inc. for the year
ended August 31, 1995, we considered its internal control
structure, including procedures for safeguarding
securities, in order to determine our auditing procedures
for the purpose of expressing our opinion on the
financial statements and to comply with the requirements
of Form N-SAR, not to provide assurance on the internal
control structure.
The management of the Company is responsible for
establishing and maintaining a system of internal
accounting control. In fulfilling this responsibility,
estimates and judgments by management are required to
assess the expected benefits and related costs of
internal control structure policies and procedures. Two
of the objectives of an internal control structure are to
provide management with reasonable, but not absolute,
assurance that assets are safeguarded against loss from
unauthorized use or disposition and that transactions are
executed in accordance with management's authorization
and recorded properly to permit the preparation of
financial statements in conformity with generally
accepted accounting principles.
Because of inherent limitations in any internal control
structure, errors or irregularities may occur and not be
detected. Also, promection of any evaluation of the
structure to future periods is subject to the risk that
it may become inadequate because of changes in conditions
of that the effectiveness of the design and operation may
deteriorate.
Our consideration of the internal control structure would
not necessarily disclose all matters in the internal
control structure that might be material weaknesses under
standards established by the American Institute of
Certified Public Accounts. A material weakness is a
condition in which the design or operation of the
specific internal control structure elements does not
reduce to a relatively low level the risk that errors or
irregularities in amounts that would be material in
relation to the financial statements being audited may
occur and not be detected within a timely period by
employees in the normal course of performing their
assigned functions. However, we noted no matters
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE
STATEMENT OF ASSETS AND LIABILITIES, STATEMENT OF OPERATIONS, AND STATEMENT OF
CHANGES IN NET ASSETS FOUND ON PAGES 20 - 33 OF THE ANNUAL SHAREHOLDER REPORT.
</LEGEND>
<CIK> 0000049905
<NAME> FORTIS EQUITY PORTFOLIOS INC.
<SERIES>
<NUMBER> 1
<NAME> CAPITAL FUND (CLASS A)
<MULTIPLIER> 1
<S> <C>
<PERIOD-TYPE> YEAR
<FISCAL-YEAR-END> AUG-31-1995
<PERIOD-START> SEP-01-1994
<PERIOD-END> AUG-31-1995
<INVESTMENTS-AT-COST> 172,409,828
<INVESTMENTS-AT-VALUE> 296,550,979
<RECEIVABLES> 841,346
<ASSETS-OTHER> 77,200,014<F1>
<OTHER-ITEMS-ASSETS> 30,662
<TOTAL-ASSETS> 374,623,001
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 77,437,036<F1>
<TOTAL-LIABILITIES> 77,437,036
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 172,763,353
<SHARES-COMMON-STOCK> 13,728,864
<SHARES-COMMON-PRIOR> 13,386,824
<ACCUMULATED-NII-CURRENT> 281,461
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 0
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 124,141,151
<NET-ASSETS> 297,185,965
<DIVIDEND-INCOME> 1,158,022
<INTEREST-INCOME> 3,082,278
<OTHER-INCOME> 23,444<F2>
<EXPENSES-NET> (3,195,863)
<NET-INVESTMENT-INCOME> 1,067,881
<REALIZED-GAINS-CURRENT> 24,924
<APPREC-INCREASE-CURRENT> 51,715,498
<NET-CHANGE-FROM-OPS> 52,808,303
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (1,091,491)
<DISTRIBUTIONS-OF-GAINS> (10,244,029)
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 1,643,037
<NUMBER-OF-SHARES-REDEEMED> (1,940,448)
<SHARES-REINVESTED> 639,451
<NET-CHANGE-IN-ASSETS> 51,409,536
<ACCUMULATED-NII-PRIOR> 305,566
<ACCUMULATED-GAINS-PRIOR> 10,224,072
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 2,246,268
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 3,195,863
<AVERAGE-NET-ASSETS> 258,035,000
<PER-SHARE-NAV-BEGIN> 18.36
<PER-SHARE-NII> .08
<PER-SHARE-GAIN-APPREC> 3.62
<PER-SHARE-DIVIDEND> (.08)
<PER-SHARE-DISTRIBUTIONS> (.76)
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 21.22
<EXPENSE-RATIO> 1.24
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
<FN>
<F1>AT AUGUST 31, 1995, SECURITIES VALUED AT $75,571,667 WERE ON LOAN TO BROKERS
FROM THE PORTFOLIO. FOR COLLATERAL, THE PORTFOLIO'S CUSTODIAN RECEIVED
$77,200,014 IN CASH WHICH IS MAINTAINED IN A SEPARATE ACCOUNT AND INVESTED BY
THE CUSTODIAN IN SHORT-TERM INVESTMENT VEHICLES.
<F2>FEE INCOME FROM THE SECURITY LENDING PROGRAM FOR THE YEAR-ENDED AUGUST 31,
1995.
</FN>
</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE
STATEMENT OF ASSETS AND LIABILITIES, STATEMENT OF OPERATIONS, AND STATEMENT OF
CHANGES IN NET ASSETS FOUND ON PAGES 20 - 33 OF THE ANNUAL SHAREHOLDER REPORT.
</LEGEND>
<CIK> 0000049905
<NAME> FORTIS EQUITY PORTFOLIOS INC.
<SERIES>
<NUMBER> 1
<NAME> CAPITAL FUND (CLASS B)
<MULTIPLIER> 1
<S> <C>
<PERIOD-TYPE> YEAR
<FISCAL-YEAR-END> AUG-31-1995
<PERIOD-START> SEP-01-1994
<PERIOD-END> AUG-31-1995
<INVESTMENTS-AT-COST> 172,409,828
<INVESTMENTS-AT-VALUE> 296,550,979
<RECEIVABLES> 841,346
<ASSETS-OTHER> 77,200,014<F1>
<OTHER-ITEMS-ASSETS> 30,662
<TOTAL-ASSETS> 374,623,001
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 77,437,036<F1>
<TOTAL-LIABILITIES> 77,437,036
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 172,763,353
<SHARES-COMMON-STOCK> 72,226
<SHARES-COMMON-PRIOR> 0
<ACCUMULATED-NII-CURRENT> 281,461
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 0
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 124,141,151
<NET-ASSETS> 297,185,965
<DIVIDEND-INCOME> 1,158,022
<INTEREST-INCOME> 3,082,278
<OTHER-INCOME> 23,444<F2>
<EXPENSES-NET> (3,195,863)
<NET-INVESTMENT-INCOME> 1,067,881
<REALIZED-GAINS-CURRENT> 24,924
<APPREC-INCREASE-CURRENT> 51,715,498
<NET-CHANGE-FROM-OPS> 52,808,303
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (147)
<DISTRIBUTIONS-OF-GAINS> (2,531)
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 75,949
<NUMBER-OF-SHARES-REDEEMED> (3,886)
<SHARES-REINVESTED> 163
<NET-CHANGE-IN-ASSETS> 51,409,536
<ACCUMULATED-NII-PRIOR> 305,566
<ACCUMULATED-GAINS-PRIOR> 10,224,072
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 2,246,268
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 3,195,863
<AVERAGE-NET-ASSETS> 258,035,000
<PER-SHARE-NAV-BEGIN> 18.35
<PER-SHARE-NII> 0
<PER-SHARE-GAIN-APPREC> 3.58
<PER-SHARE-DIVIDEND> (.03)
<PER-SHARE-DISTRIBUTIONS> (.76)
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 21.14
<EXPENSE-RATIO> 1.99<F3>
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
<FN>
<F1>AT AUGUST 31, 1995, SECURITIES VALUED AT $75,571,667 WERE ON LOAN TO BROKERS
FROM THE PORTFOLIO. FOR COLLATERAL, THE PORTFOLIO'S CUSTODIAN RECEIVED
$77,200,014 IN CASH WHICH IS MAINTAINED IN A SEPARATE ACCOUNT AND INVESTED BY
THE CUSTODIAN IN SHORT-TERM INVESTMENT VEHICLES.
<F2>FEE INCOME FROM THE SECURITY LENDING PROGRAM FOR THE YEAR-ENDED AUGUST 31,
1995.
<F3>ANNUALIZED
</FN>
</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE
STATEMENT OF ASSETS AND LIABILITIES, STATEMENT OF OPERATIONS, AND STATEMENT OF
CHANGES IN NET ASSETS FOUND ON PAGES 20 - 33 OF THE ANNUAL SHAREHOLDER REPORT.
</LEGEND>
<CIK> 0000049905
<NAME> FORTIS EQUITY PORTFOLIOS INC.
<SERIES>
<NUMBER> 1
<NAME> CAPITAL FUND (CLASS C)
<MULTIPLIER> 1
<S> <C>
<PERIOD-TYPE> YEAR
<FISCAL-YEAR-END> AUG-31-1995
<PERIOD-START> SEP-01-1994
<PERIOD-END> AUG-31-1995
<INVESTMENTS-AT-COST> 172,409,828
<INVESTMENTS-AT-VALUE> 296,550,979
<RECEIVABLES> 841,346
<ASSETS-OTHER> 77,200,014<F1>
<OTHER-ITEMS-ASSETS> 30,662
<TOTAL-ASSETS> 374,623,001
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 77,437,036<F1>
<TOTAL-LIABILITIES> 77,437,036
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 172,763,353
<SHARES-COMMON-STOCK> 16,271
<SHARES-COMMON-PRIOR> 0
<ACCUMULATED-NII-CURRENT> 281,461
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 0
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 124,141,151
<NET-ASSETS> 297,185,965
<DIVIDEND-INCOME> 1,158,022
<INTEREST-INCOME> 3,082,278
<OTHER-INCOME> 23,444<F2>
<EXPENSES-NET> (3,195,863)
<NET-INVESTMENT-INCOME> 1,067,881
<REALIZED-GAINS-CURRENT> 24,924
<APPREC-INCREASE-CURRENT> 51,715,498
<NET-CHANGE-FROM-OPS> 52,808,303
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (24)
<DISTRIBUTIONS-OF-GAINS> (68)
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 16,667
<NUMBER-OF-SHARES-REDEEMED> (402)
<SHARES-REINVESTED> 6
<NET-CHANGE-IN-ASSETS> 51,409,536
<ACCUMULATED-NII-PRIOR> 305,566
<ACCUMULATED-GAINS-PRIOR> 10,224,072
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 2,246,268
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 3,195,863
<AVERAGE-NET-ASSETS> 258,035,000
<PER-SHARE-NAV-BEGIN> 18.35
<PER-SHARE-NII> 0
<PER-SHARE-GAIN-APPREC> 3.57
<PER-SHARE-DIVIDEND> (.03)
<PER-SHARE-DISTRIBUTIONS> (.76)
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 21.13
<EXPENSE-RATIO> 1.99<F3>
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
<FN>
<F1>AT AUGUST 31, 1995, SECURITIES VALUED AT $75,571,667 WERE ON LOAN TO BROKERS
FROM THE PORTFOLIO. FOR COLLATERAL, THE PORTFOLIO'S CUSTODIAN RECEIVED
$77,200,014 IN CASH WHICH IS MAINTAINED IN A SEPARATE ACCOUNT AND INVESTED BY
THE CUSTODIAN IN SHORT-TERM INVESTMENT VEHICLES.
<F2>FEE INCOME FROM THE SECURITY LENDING PROGRAM FOR THE YEAR-ENDED AUGUST 31,
1995.
<F3>ANNUALIZED
</FN>
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE
STATEMENT OF ASSETS AND LIABILITIES, STATEMENT OF OPERATIONS, AND STATEMENT OF
CHANGES IN NET ASSETS FOUND ON PAGES 20 - 33 OF THE ANNUAL SHAREHOLDER REPORT.
</LEGEND>
<CIK> 0000049905
<NAME> FORTIS EQUITY PORTFOLIOS INC.
<SERIES>
<NUMBER> 1
<NAME> CAPITAL FUND (CLASS H)
<MULTIPLIER> 1
<S> <C>
<PERIOD-TYPE> YEAR
<FISCAL-YEAR-END> AUG-31-1995
<PERIOD-START> SEP-01-1994
<PERIOD-END> AUG-31-1995
<INVESTMENTS-AT-COST> 172,409,828
<INVESTMENTS-AT-VALUE> 296,550,979
<RECEIVABLES> 841,346
<ASSETS-OTHER> 77,200,014<F1>
<OTHER-ITEMS-ASSETS> 30,662
<TOTAL-ASSETS> 374,623,001
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 77,437,036<F1>
<TOTAL-LIABILITIES> 77,437,036
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 172,763,353
<SHARES-COMMON-STOCK> 191,696
<SHARES-COMMON-PRIOR> 0
<ACCUMULATED-NII-CURRENT> 281,461
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 0
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 124,141,151
<NET-ASSETS> 297,185,965
<DIVIDEND-INCOME> 1,158,022
<INTEREST-INCOME> 3,082,278
<OTHER-INCOME> 23,444<F2>
<EXPENSES-NET> (3,195,863)
<NET-INVESTMENT-INCOME> 1,067,881
<REALIZED-GAINS-CURRENT> 24,924
<APPREC-INCREASE-CURRENT> 51,715,498
<NET-CHANGE-FROM-OPS> 52,808,303
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (324)
<DISTRIBUTIONS-OF-GAINS> (2,368)
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 194,028
<NUMBER-OF-SHARES-REDEEMED> (2,470)
<SHARES-REINVESTED> 138
<NET-CHANGE-IN-ASSETS> 51,409,536
<ACCUMULATED-NII-PRIOR> 305,566
<ACCUMULATED-GAINS-PRIOR> 10,224,072
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 2,246,268
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 3,195,863
<AVERAGE-NET-ASSETS> 258,035,000
<PER-SHARE-NAV-BEGIN> 18.35
<PER-SHARE-NII> 0
<PER-SHARE-GAIN-APPREC> 3.58
<PER-SHARE-DIVIDEND> (.03)
<PER-SHARE-DISTRIBUTIONS> (.76)
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 21.14
<EXPENSE-RATIO> 1.99<F3>
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
<FN>
<F1>AT AUGUST 31, 1995, SECURITIES VALUED AT $75,571,667 WERE ON LOAN TO BROKERS
FROM THE PORTFOLIO. FOR COLLATERAL, THE PORTFOLIO'S CUSTODIAN RECEIVED
$77,200,014 IN CASH WHICH IS MAINTAINED IN A SEPARATE ACCOUNT AND INVESTED BY
THE CUSTODIAN IN SHORT-TERM INVESTMENT VEHICLES.
<F2>FEE INCOME FROM THE SECURITY LENDING PROGRAM FOR THE YEAR-ENDED AUGUST 31,
1995.
<F3>ANNUALIZED
</FN>
</TABLE>
