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<PAGE> PAGE 2
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<PAGE> PAGE 3
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<PAGE> PAGE 4
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<PAGE> PAGE 5
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<PAGE> PAGE 6
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<PAGE> PAGE 7
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<PAGE> PAGE 8
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SIGNATURE ERIC C. JONES
TITLE DIR. MUTUAL FUNDS
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000059566
<NAME> LINCOLN NATIONAL FUND A
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> DEC-31-1997
<PERIOD-END> JUN-30-1997
<INVESTMENTS-AT-COST> 76,411,226
<INVESTMENTS-AT-VALUE> 122,635,722
<RECEIVABLES> 0
<ASSETS-OTHER> 278,908
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 122,914,630
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 0
<TOTAL-LIABILITIES> 0
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> (146,465,346)
<SHARES-COMMON-STOCK> 8,771,123
<SHARES-COMMON-PRIOR> 9,162,402
<ACCUMULATED-NII-CURRENT> 72,810,134
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 150,345,346
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 46,224,496
<NET-ASSETS> 122,914,630
<DIVIDEND-INCOME> 1,175,720
<INTEREST-INCOME> 24,964
<OTHER-INCOME> 0
<EXPENSES-NET> (727,302)
<NET-INVESTMENT-INCOME> 473,382
<REALIZED-GAINS-CURRENT> 6,140,015
<APPREC-INCREASE-CURRENT> 12,414,922
<NET-CHANGE-FROM-OPS> 19,028,319
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 78,446
<NUMBER-OF-SHARES-REDEEMED> (469,725)
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> 14,009,780
<ACCUMULATED-NII-PRIOR> 72,336,752
<ACCUMULATED-GAINS-PRIOR> 146,123,703
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 184,203
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> (727,302)
<AVERAGE-NET-ASSETS> 115,121,000
<PER-SHARE-NAV-BEGIN> 11,737
<PER-SHARE-NII> 0.050
<PER-SHARE-GAIN-APPREC> 2.051
<PER-SHARE-DIVIDEND> 0
<PER-SHARE-DISTRIBUTIONS> 0
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<PER-SHARE-NAV-END> 13.838
<EXPENSE-RATIO> 1.27
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
