PRUDENTIAL SERIES FUND INC
NSAR-A, 1996-03-01
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<PAGE>      PAGE  1
000 A000000 12/31/95
000 C000000 0000711175
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 PRUDENTIAL SERIES FUND, INC.
001 B000000 811-3623
001 C000000 9084124069
002 A000000 213 WASHINGTON STREET
002 B000000 NEWARK
002 C000000 NJ
002 D010000 07102
002 D020000 2992
003  000000 N
004  000000 N
005  000000 N
006  000000 N
007 A000000 Y
007 B000000 16
007 C010100  1
007 C020100 MONEY MARKET PORTFOLIO
007 C030100 N
007 C010200  2
007 C020200 BOND PORTFOLIO
007 C030200 N
007 C010300  3
007 C020300 COMMON STOCK PORTFOLIO
007 C030300 N
007 C010400  4
007 C020400 AGGRESSIVELY MANAGED FLEXIBLE PORTFOLIO
007 C030400 N
007 C010500  5
007 C020500 CONSERVATIVELY MANAGED FLEXIBLE PORTFOLIO
007 C030500 N
007 C010600  6
007 C010700  7
007 C020700 ZERO COUPON BOND PORTFOLIO 1995
007 C030700 Y
007 C010800  8
007 C020800 ZERO COUPON BOND PORTFOLIO 2000
007 C030800 N
007 C010900  9
007 C020900 HIGH YIELD BOND PORTFOLIO
007 C030900 N
007 C011000 10
007 C021000 STOCK INDEX PORTFOLIO
007 C031000 N
<PAGE>      PAGE  2
008 A00AA01 THE PRUDENTIAL INSURANCE COMPANY OF AMERICA
008 B00AA01 A
008 C00AA01 801-12484
008 D01AA01 NEWARK
008 D02AA01 NJ
008 D03AA01 07102
008 D04AA01 3777
011 A00AA01 PRUCO SECURITIES CORPORATION
011 B00AA01 8- 16402
011 C01AA01 NEWARK
011 C02AA01 NJ
011 C03AA01 07102
011 C04AA01 2992
012 A00AA01 THE PRUDENTIAL INSURANCE COMPANY OF AMERICA
012 B00AA01 84-0000000
012 C01AA01 NEWARK
012 C02AA01 NJ
012 C03AA01 07102
012 C04AA01 3777
013 A00AA01 DELOITTE & TOUCHE
013 B01AA01 PARSIPPANY
013 B02AA01 NJ
013 B03AA01 07054
013 B04AA01 0319
014 A00AA01 PRUDENTIAL SECURITIES INC.
014 B00AA01 8-27154
014 A00AA02 PRUCO SECURITIES CORPORTION
014 B00AA02 8-16402
014 A00AA03 PRUDENTIAL ASSET SALES & SYNDICATIONS, INC.
014 B00AA03 8-32470
014 A00AA04 THE PRUDENTIAL INSURANCE COMPANY OF AMERICA
014 B00AA04 8-13881
020 A000001 PRUDENTIAL SECURITIES
020 B000001 22-2347336
020 C000001    900
020 A000002 WEEDON & CO. INC.
020 B000002 13-3364318
020 C000002    703
020 A000003 BEAR STEARN SECURITIES CORP.
020 B000003 13-3604093
020 C000003    681
020 A000004 GOLDMAN, SACHS & CO.
020 B000004 13-5108880
020 C000004    663
020 A000005 LEHMAN BROTHERS
020 B000005 13-2501865
020 C000005    639
020 A000006 PAINE, WEBBER, JACKSON & CURTIS INC.
020 B000006 13-2638166
020 C000006    569
020 A000007 SALOMON BROTHERS INC.
<PAGE>      PAGE  3
020 B000007 22-1660260
020 C000007    496
020 A000008 JEFFERIES & CO. INC.
020 B000008 95-2622900
020 C000008    408
020 A000009 MERRILL LYNCH, PIERCE, FENNER & SMITH
020 B000009 13-5674085
020 C000009    387
020 A000010 OPPENHEIMER & CO. INC.
020 B000010 13-2798343
020 C000010    364
021  000000     5810
022 A000001 GOLDMAN, SACHS & CO.
022 B000001 13-5108880
022 C000001   4629719
022 D000001   2245726
022 A000002 MERRILL LYNCH, PIERCE, FENNER, & SMITH
022 B000002 13-5674085
022 C000002   3612653
022 D000002   2620989
022 A000003 SALOMON BROTHERS INC.
022 B000003 22-1660260
022 C000003   2979529
022 D000003   2612894
022 A000004 MORGAN, J.P. SECURITIES INC.
022 B000004 13-3224016
022 C000004   2255035
022 D000004   1515321
022 A000005 LEHMAN BROTHERS INC.
022 B000005 13-2501865
022 C000005   2199093
022 D000005   1134845
022 A000006 MORGAN STANLEY & CO. INC.
022 B000006 13-2655998
022 C000006   1019629
022 D000006    859259
022 A000007 CS FIRST BOSTON CORP.
022 B000007 13-5659485
022 C000007   1006565
022 D000007    664572
022 A000008 BEAR STEARNS SECURITIES CORP.
022 B000008 13-3604093
022 C000008    790287
022 D000008    443800
022 A000009 BARCLAY'S BANK & CO.
022 B000009 13-6090954
022 C000009    946333
022 D000009         0
022 A000010 NATIONSBANK
022 B000010 22-1019783
022 C000010    460391
<PAGE>      PAGE  4
022 D000010    278299
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026 A000000 N
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054 J00AA00 Y
054 K00AA00 N
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054 M00AA00 Y
<PAGE>      PAGE  5
054 N00AA00 N
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055 A00AA00 Y
055 B00AA00 N
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061  00AA00        0
077 A000000 Y
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080 A00AA00 GULF INSURANCE
080 B00AA00 LLOYD'S OF LONDON
080 C00AA00   106000
081 A00AA00 Y
081 B00AA00   4
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015 A000101 CHEMICAL BANKING CORPORATION
015 B000101 C
015 C010101 NEW YORK
015 C020101 NY
015 C030101 10041
015 E010101 X
015 A000102 MORGAN GUARANTY TRUST COMPANY
015 B000102 C
015 C010102 NEW YORK
015 C020102 NY
<PAGE>      PAGE  6
015 C030102 10260
015 E010102 X
018  000100 Y
019 A000100 N
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024  000100 Y
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025 B000101 13-2655998
025 C000101 D
025 D000101   22000
025 A000102 SMITH BARNEY INC.
025 B000102 13-1922900
025 C000102 D
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025 A000103 MERRILL LYNCH & CO. INC.
025 B000103 13-2973073
025 C000103 D
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025 A000104 DEAN WITTER, DISCOVER AND CO.
025 B000104 94-1671384
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<PAGE>      PAGE  7
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048 K020100 0.000
049  000100 N
050  000100 N
051  000100 N
052  000100 N
053 A000100 Y
053 B000100 Y
053 C000100 N
062 A000100 Y
062 B000100   0.0
062 C000100   3.0
062 D000100   0.0
062 E000100   0.0
062 F000100  12.2
062 G000100   0.0
062 H000100   0.0
<PAGE>      PAGE  8
062 I000100  57.7
062 J000100   0.0
062 K000100   0.0
062 L000100  26.6
062 M000100   0.0
062 N000100   0.0
062 O000100   0.0
062 P000100   0.0
062 Q000100   0.0
062 R000100   0.5
063 A000100 115
063 B000100  0.0
064 A000100 Y
064 B000100 N
066 A000100 N
067  000100 N
068 A000100 N
068 B000100 N
069  000100 N
070 A010100 Y
070 A020100 Y
070 B010100 N
070 B020100 N
070 C010100 N
070 C020100 N
070 D010100 N
070 D020100 N
070 E010100 N
070 E020100 N
070 F010100 N
070 F020100 N
070 G010100 N
070 G020100 N
070 H010100 N
070 H020100 N
070 I010100 N
070 I020100 N
070 J010100 Y
070 J020100 Y
070 K010100 Y
070 K020100 N
070 L010100 Y
070 L020100 Y
070 M010100 N
070 M020100 N
070 N010100 N
070 N020100 N
070 O010100 N
070 O020100 N
070 P010100 Y
070 P020100 N
<PAGE>      PAGE  9
070 Q010100 N
070 Q020100 N
070 R010100 N
070 R020100 N
071 A000100         0
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<PAGE>      PAGE  10
074 G000100        0
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074 J000100        0
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074 N000100   614064
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074 P000100      629
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074 W000100   0.0000
074 X000100       12
074 Y000100        0
075 A000100   601538
075 B000100        0
076  000100     0.00
015 A000201 CHEMICAL BANKING CORPORATION
015 B000201 C
015 C010201 NEW YORK
015 C020201 NY
015 C030201 10041
015 E010201 X
015 A000202 MORGAN GUARANTY TRUST COMPANY
015 B000202 C
015 C010202 NEW YORK
015 C020202 NY
015 C030202 10260
015 E010202 X
018  000200 Y
019 A000200 N
019 B000200    0
024  000200 Y
025 A000201 SALOMON BROTHERS
025 B000201 13-3082694
025 C000201 D
025 D000201   10000
025 D000202       0
025 D000203       0
025 D000204       0
025 D000205       0
<PAGE>      PAGE  11
025 D000206       0
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025 D000208       0
028 A010200      4052
028 A020200         0
028 A030200         0
028 A040200      3306
028 B010200      2339
028 B020200         0
028 B030200         0
028 B040200      2482
028 C010200      3298
028 C020200         0
028 C030200         0
028 C040200       995
028 D010200     11213
028 D020200         0
028 D030200         0
028 D040200       992
028 E010200      3373
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028 E030200         0
028 E040200      1220
028 F010200      6553
028 F020200     28804
028 F030200         0
028 F040200       688
028 G010200     30828
028 G020200     28804
028 G030200         0
028 G040200      9683
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045  000200 Y
046  000200 N
047  000200 Y
048  000200  0.400
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048 A020200 0.000
048 B010200        0
048 B020200 0.000
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048 G010200        0
048 G020200 0.000
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<PAGE>      PAGE  12
048 H020200 0.000
048 I010200        0
048 I020200 0.000
048 J010200        0
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062 F000200   0.0
062 G000200   0.0
062 H000200   0.0
062 I000200   0.0
062 J000200   0.0
062 K000200   0.0
062 L000200   1.5
062 M000200  13.7
062 N000200   7.9
062 O000200   0.0
062 P000200  73.4
062 Q000200   0.0
062 R000200   1.9
063 A000200   0
063 B000200 12.1
064 A000200 Y
064 B000200 N
070 A010200 Y
070 A020200 N
070 B010200 N
070 B020200 N
070 C010200 Y
070 C020200 N
070 D010200 N
070 D020200 N
070 E010200 Y
070 E020200 N
070 F010200 N
070 F020200 N
070 G010200 Y
070 G020200 N
070 H010200 N
070 H020200 N
070 I010200 N
070 I020200 N
070 J010200 Y
070 J020200 Y
070 K010200 Y
070 K020200 N
<PAGE>      PAGE  13
070 L010200 Y
070 L020200 N
070 M010200 Y
070 M020200 N
070 N010200 Y
070 N020200 N
070 O010200 Y
070 O020200 N
070 P010200 Y
070 P020200 N
070 Q010200 Y
070 Q020200 N
070 R010200 Y
070 R020200 N
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<PAGE>      PAGE  14
073 A010200   0.7550
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074 C000200    10002
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015 A000301 CHEMICAL BANKING CORPORATION
015 B000301 C
015 C010301 NEW YORK
015 C020301 NY
015 C030301 10041
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015 A000302 MORGAN GUARANTY TRUST COMPANY
015 B000302 C
015 C010302 NEW YORK
015 C020302 NY
015 C030302 10260
015 E010302 X
018  000300 Y
019 A000300 N
<PAGE>      PAGE  15
019 B000300    0
024  000300 Y
025 A000301 LEHMAN BROTHERS HOLDING, INC.
025 B000301 13-2518466
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045  000300 Y
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<PAGE>      PAGE  16
048 A020300 0.000
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048 H020300 0.000
048 I010300        0
048 I020300 0.000
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048 J020300 0.000
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048 K020300 0.000
062 A000300 N
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062 E000300   0.0
062 F000300   0.0
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066 A000300 Y
066 B000300 N
066 C000300 Y
066 D000300 N
066 E000300 N
066 F000300 N
066 G000300 N
067  000300 N
068 A000300 N
068 B000300 N
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070 A010300 Y
<PAGE>      PAGE  17
070 A020300 N
070 B010300 Y
070 B020300 N
070 C010300 N
070 C020300 N
070 D010300 Y
070 D020300 N
070 E010300 N
070 E020300 N
070 F010300 Y
070 F020300 N
070 G010300 N
070 G020300 N
070 H010300 Y
070 H020300 N
070 I010300 N
070 I020300 N
070 J010300 Y
070 J020300 Y
070 K010300 Y
070 K020300 N
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070 L020300 N
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070 M020300 N
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<PAGE>      PAGE  18
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<PAGE>      PAGE  19
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<PAGE>      PAGE  20
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<PAGE>      PAGE  21
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<PAGE>      PAGE  22
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<PAGE>      PAGE  23
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015 B000501 C
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015 E010501 X
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015 C030502 10260
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<PAGE>      PAGE  24
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<PAGE>      PAGE  25
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<PAGE>      PAGE  26
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<PAGE>      PAGE  27
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015 A000701 CHEMICAL BANKING CORPORATION
015 B000701 C
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015 A000702 MORGAN GUARANTY TRUST COMPANY
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<PAGE>      PAGE  29
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<PAGE>      PAGE  30
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<PAGE>      PAGE  31
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<PAGE>      PAGE  32
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015 A000801 CHEMICAL BANKING CORPORATION
015 B000801 C
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015 C030801 10041
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015 A000802 MORGAN GUARANTY TRUST COMPANY
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<PAGE>      PAGE  33
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<PAGE>      PAGE  34
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<PAGE>      PAGE  35
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015 A000901 CHEMICAL BANKING CORPORATION
015 B000901 C
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015 C030901 10041
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015 A000902 MORGAN GUARANTY TRUST COMPANY
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<PAGE>      PAGE  36
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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
<PAGE>      PAGE  37
062 P000900  93.9
062 Q000900   0.0
062 R000900   3.2
063 A000900   0
063 B000900  8.4
064 A000900 N
064 B000900 Y
065  000900 N
070 A010900 Y
070 A020900 Y
070 B010900 N
070 B020900 N
070 C010900 Y
070 C020900 N
070 D010900 N
070 D020900 N
070 E010900 Y
070 E020900 N
070 F010900 N
070 F020900 N
070 G010900 Y
070 G020900 N
070 H010900 N
070 H020900 N
070 I010900 N
070 I020900 N
070 J010900 Y
070 J020900 Y
070 K010900 Y
070 K020900 N
070 L010900 Y
070 L020900 Y
070 M010900 Y
070 M020900 N
070 N010900 Y
070 N020900 N
070 O010900 Y
070 O020900 N
070 P010900 Y
070 P020900 N
070 Q010900 N
070 Q020900 N
070 R010900 Y
070 R020900 N
071 A000900    478296
071 B000900    438712
071 C000900    336578
071 D000900  139
072 A000900 12
072 B000900    36153
072 C000900      705
<PAGE>      PAGE  38
072 D000900        0
072 E000900        0
072 F000900     1846
072 G000900        0
072 H000900      103
072 I000900        0
072 J000900        8
072 K000900        0
072 L000900       78
072 M000900        3
072 N000900        0
072 O000900        0
072 P000900        0
072 Q000900        0
072 R000900       18
072 S000900        0
072 T000900        0
072 U000900        0
072 V000900        0
072 W000900        0
072 X000900     2056
072 Y000900        0
072 Z000900    34802
072AA000900        0
072BB000900    14400
072CC010900    33693
072CC020900        0
072DD010900    36032
072DD020900        0
072EE000900        0
073 A010900   0.8380
073 A020900   0.0000
073 B000900   0.0000
073 C000900   0.0000
074 A000900        1
074 B000900    10502
074 C000900        0
074 D000900   345541
074 E000900     4499
074 F000900      320
074 G000900        0
074 H000900        0
074 I000900      426
074 J000900        0
074 K000900        0
074 L000900     7162
074 M000900        0
074 N000900   368451
074 O000900        0
074 P000900      490
074 Q000900        0
<PAGE>      PAGE  39
074 R010900        0
074 R020900        0
074 R030900        0
074 R040900       51
074 S000900        0
074 T000900   367910
074 U010900    47165
074 U020900        0
074 V010900     7.80
074 V020900     0.00
074 W000900   0.0000
074 X000900       12
074 Y000900        0
075 A000900        0
075 B000900   336578
076  000900     0.00
015 A001001 CHEMICAL BANKING CORPORATION
015 B001001 C
015 C011001 NEW YORK
015 C021001 NY
015 C031001 10041
015 E011001 X
018  001000 Y
019 A001000 N
019 B001000    0
024  001000 N
025 A001001 DEAN WITTER, DISCOVER & CO.
025 B001001 94-1671384
025 C001001 E
025 D001001    1591
025 A001002 MERRILL LYNCH & CO.
025 B001002 13-2973073
025 C001002 E
025 D001002    1953
025 A001003 SALOMON BROTHERS
025 B001003 13-3082694
025 C001003 E
025 D001003     827
025 D001004       0
025 D001005       0
025 D001006       0
025 D001007       0
025 D001008       0
028 A011000      7481
028 A021000         0
028 A031000         0
028 A041000       994
028 B011000     13351
028 B021000         0
028 B031000         0
028 B041000      4371
<PAGE>      PAGE  40
028 C011000     17071
028 C021000         0
028 C031000         0
028 C041000       212
028 D011000     14365
028 D021000         0
028 D031000         0
028 D041000      1037
028 E011000     12654
028 E021000         0
028 E031000         0
028 E041000       532
028 F011000     20699
028 F021000     20996
028 F031000         0
028 F041000       610
028 G011000     85621
028 G021000     20996
028 G031000         0
028 G041000      7756
028 H001000         0
062 A001000 N
062 B001000   0.0
062 C001000   0.0
062 D001000   0.0
062 E001000   0.0
062 F001000   0.0
062 G001000   0.0
062 H001000   0.0
062 I001000   0.0
062 J001000   0.0
062 K001000   0.0
062 L001000   0.0
062 M001000   0.0
062 N001000   0.0
062 O001000   0.0
062 P001000   0.0
062 Q001000   0.0
062 R001000   0.0
066 A001000 Y
066 B001000 N
066 C001000 N
066 D001000 N
066 E001000 N
066 F001000 N
066 G001000 Y
067  001000 N
068 A001000 N
068 B001000 N
069  001000 Y
070 A011000 Y
<PAGE>      PAGE  41
070 A021000 N
070 B011000 N
070 B021000 N
070 C011000 N
070 C021000 N
070 D011000 Y
070 D021000 N
070 E011000 N
070 E021000 N
070 F011000 Y
070 F021000 Y
070 G011000 N
070 G021000 N
070 H011000 Y
070 H021000 N
070 I011000 N
070 I021000 N
070 J011000 Y
070 J021000 N
070 K011000 Y
070 K021000 N
070 L011000 Y
070 L021000 N
070 M011000 N
070 M021000 N
070 N011000 Y
070 N021000 N
070 O011000 Y
070 O021000 N
070 P011000 Y
070 P021000 N
070 Q011000 N
070 Q021000 N
070 R011000 N
070 R021000 N
071 A001000    131109
071 B001000      9292
071 C001000    831917
071 D001000    1
072 A001000 12
072 B001000     1721
072 C001000    20347
072 D001000        0
072 E001000        0
072 F001000     2905
072 G001000        0
072 H001000       71
072 I001000        0
072 J001000       16
072 K001000        0
072 L001000      188
<PAGE>      PAGE  42
072 M001000        3
072 N001000        0
072 O001000        0
072 P001000        0
072 Q001000        0
072 R001000       17
072 S001000        0
072 T001000        0
072 U001000        0
072 V001000        0
072 W001000        1
072 X001000     3202
072 Y001000        0
072 Z001000    18865
072AA001000    12160
072BB001000        0
072CC011000   225883
072CC021000        0
072DD011000    18734
072DD021000        0
072EE001000     7293
073 A011000   0.3840
073 A021000   0.0000
073 B001000   0.1460
073 C001000   0.0000
074 A001000        0
074 B001000    41878
074 C001000     1385
074 D001000        0
074 E001000        6
074 F001000   991277
074 G001000        0
074 H001000        0
074 I001000       42
074 J001000      105
074 K001000        0
074 L001000     2603
074 M001000        0
074 N001000  1037296
074 O001000     5144
074 P001000      857
074 Q001000        0
074 R011000        0
074 R021000        0
074 R031000        0
074 R041000       18
074 S001000        0
074 T001000  1031277
074 U011000    51677
074 U021000        0
074 V011000    19.96
<PAGE>      PAGE  43
074 V021000     0.00
074 W001000   0.0000
074 X001000       12
074 Y001000     1385
075 A001000        0
075 B001000   831917
076  001000     0.00
015 A001101 CHEMICAL BANKING CORPORATION
015 B001101 C
015 C011101 NEW YORK
015 C021101 NY
015 C031101 10041
015 E011101 X
015 A001102 MORGAN GUARANTY TRUST COMPANY
015 B001102 C
015 C011102 NEW YORK
015 C021102 NY
015 C031102 10260
015 E011102 X
018  001100 Y
019 A001100 N
019 B001100    0
024  001100 Y
025 A001101 BEAR STEARNS
025 C001101 E
025 D001101    8216
025 A001102 LEHMAN BROTHERS
025 C001102 E
025 D001102   37381
025 A001103 SALOMON BROTHERS
025 C001103 E
025 D001103   19810
025 A001104 DELETE
025 D001104       0
025 A001105 DELETE
025 D001105       0
025 D001106       0
025 D001107       0
025 D001108       0
028 A011100      2449
028 A021100         0
028 A031100         0
028 A041100       543
028 B011100      4831
028 B021100         0
028 B031100         0
028 B041100       702
028 C011100      9092
028 C021100         0
028 C031100         0
028 C041100       375
<PAGE>      PAGE  44
028 D011100      6665
028 D021100         0
028 D031100         0
028 D041100       990
028 E011100      4885
028 E021100         0
028 E031100         0
028 E041100      2444
028 F011100      6021
028 F021100     74515
028 F031100         0
028 F041100       847
028 G011100     33943
028 G021100     74515
028 G031100         0
028 G041100      5901
028 H001100         0
062 A001100 N
062 B001100   0.0
062 C001100   0.0
062 D001100   0.0
062 E001100   0.0
062 F001100   0.0
062 G001100   0.0
062 H001100   0.0
062 I001100   0.0
062 J001100   0.0
062 K001100   0.0
062 L001100   0.0
062 M001100   0.0
062 N001100   0.0
062 O001100   0.0
062 P001100   0.0
062 Q001100   0.0
062 R001100   0.0
066 A001100 Y
066 B001100 N
066 C001100 N
066 D001100 N
066 E001100 Y
066 F001100 N
066 G001100 N
067  001100 N
068 A001100 N
068 B001100 N
069  001100 N
070 A011100 Y
070 A021100 N
070 B011100 Y
070 B021100 N
070 C011100 N
<PAGE>      PAGE  45
070 C021100 N
070 D011100 Y
070 D021100 N
070 E011100 N
070 E021100 N
070 F011100 Y
070 F021100 Y
070 G011100 Y
070 G021100 N
070 H011100 Y
070 H021100 N
070 I011100 N
070 I021100 N
070 J011100 Y
070 J021100 Y
070 K011100 Y
070 K021100 N
070 L011100 Y
070 L021100 N
070 M011100 Y
070 M021100 N
070 N011100 Y
070 N021100 N
070 O011100 Y
070 O021100 N
070 P011100 Y
070 P021100 N
070 Q011100 N
070 Q021100 N
070 R011100 Y
070 R021100 Y
071 A001100    699890
071 B001100    595583
071 C001100    999147
071 D001100   64
072 A001100 12
072 B001100     8259
072 C001100    35978
072 D001100        0
072 E001100        0
072 F001100     3999
072 G001100        0
072 H001100       71
072 I001100        0
072 J001100       15
072 K001100        0
072 L001100      215
072 M001100        3
072 N001100        3
072 O001100        0
072 P001100        0
<PAGE>      PAGE  46
072 Q001100        0
072 R001100       13
072 S001100        0
072 T001100        0
072 U001100        0
072 V001100        0
072 W001100        1
072 X001100     4320
072 Y001100        0
072 Z001100    39916
072AA001100    61267
072BB001100        0
072CC011100    90523
072CC021100        0
072DD011100    38782
072DD021100        0
072EE001100    46565
073 A011100   0.6180
073 A021100   0.0000
073 B001100   0.7340
073 C001100   0.0000
074 A001100        0
074 B001100    65782
074 C001100        0
074 D001100    59430
074 E001100   107234
074 F001100   874077
074 G001100        0
074 H001100        0
074 I001100        0
074 J001100      256
074 K001100        0
074 L001100     5278
074 M001100        0
074 N001100  1112057
074 O001100      967
074 P001100     1089
074 Q001100        0
074 R011100        0
074 R021100        0
074 R031100        0
074 R041100       38
074 S001100        0
074 T001100  1109963
074 U011100    68218
074 U021100        0
074 V011100    16.27
074 V021100     0.00
074 W001100   0.0000
074 X001100       12
074 Y001100        0
<PAGE>      PAGE  47
075 A001100        0
075 B001100   999147
076  001100     0.00
015 A001201 CHEMICAL BANKING CORPORATION
015 B001201 C
015 C011201 NEW YORK
015 C021201 NY
015 C031201 10041
015 E011201 X
015 A001202 MORGAN GUARANTY TRUST COMPANY
015 B001202 C
015 C011202 NEW YORK
015 C021202 NY
015 C031202 10260
015 E011202 X
018  001200 Y
019 A001200 N
019 B001200    0
024  001200 N
025 D001201       0
025 D001202       0
025 D001203       0
025 D001204       0
025 D001205       0
025 D001206       0
025 D001207       0
025 D001208       0
028 A011200        68
028 A021200         0
028 A031200         0
028 A041200        68
028 B011200      1764
028 B021200         0
028 B031200         0
028 B041200      1695
028 C011200      2078
028 C021200         0
028 C031200         0
028 C041200      1463
028 D011200       469
028 D021200         0
028 D031200         0
028 D041200      3717
028 E011200      1966
028 E021200         0
028 E031200         0
028 E041200      1253
028 F011200      1518
028 F021200     14513
028 F031200         0
028 F041200      1374
<PAGE>      PAGE  48
028 G011200      7863
028 G021200     14513
028 G031200         0
028 G041200      9570
028 H001200         0
062 A001200 N
062 B001200   0.0
062 C001200   0.0
062 D001200   0.0
062 E001200   0.0
062 F001200   0.0
062 G001200   0.0
062 H001200   0.0
062 I001200   0.0
062 J001200   0.0
062 K001200   0.0
062 L001200   0.0
062 M001200   0.0
062 N001200   0.0
062 O001200   0.0
062 P001200   0.0
062 Q001200   0.0
062 R001200   0.0
066 A001200 Y
066 B001200 N
066 C001200 N
066 D001200 Y
066 E001200 N
066 F001200 N
066 G001200 N
067  001200 N
068 A001200 N
068 B001200 N
069  001200 N
070 A011200 Y
070 A021200 N
070 B011200 Y
070 B021200 Y
070 C011200 N
070 C021200 N
070 D011200 Y
070 D021200 N
070 E011200 N
070 E021200 N
070 F011200 Y
070 F021200 N
070 G011200 Y
070 G021200 N
070 H011200 Y
070 H021200 N
070 I011200 N
<PAGE>      PAGE  49
070 I021200 N
070 J011200 Y
070 J021200 Y
070 K011200 Y
070 K021200 N
070 L011200 Y
070 L021200 Y
070 M011200 Y
070 M021200 Y
070 N011200 Y
070 N021200 N
070 O011200 Y
070 O021200 N
070 P011200 Y
070 P021200 N
070 Q011200 N
070 Q021200 N
070 R011200 Y
070 R021200 Y
071 A001200    128564
071 B001200    118410
071 C001200    252423
071 D001200   46
072 A001200 12
072 B001200      624
072 C001200     3977
072 D001200        0
072 E001200        0
072 F001200     1184
072 G001200        0
072 H001200       53
072 I001200        0
072 J001200        4
072 K001200        0
072 L001200       58
072 M001200        3
072 N001200        1
072 O001200        0
072 P001200        0
072 Q001200        0
072 R001200        7
072 S001200        0
072 T001200        0
072 U001200        0
072 V001200        0
072 W001200        0
072 X001200     1310
072 Y001200        0
072 Z001200     3292
072AA001200    19734
072BB001200        0
<PAGE>      PAGE  50
072CC011200    39062
072CC021200        0
072DD011200     3370
072DD021200        0
072EE001200    13349
073 A011200   0.2090
073 A021200   0.0000
073 B001200   0.8280
073 C001200   0.0000
074 A001200        0
074 B001200     4488
074 C001200        0
074 D001200     3884
074 E001200    12476
074 F001200   272020
074 G001200        0
074 H001200        0
074 I001200      247
074 J001200        0
074 K001200        0
074 L001200      528
074 M001200        0
074 N001200   293644
074 O001200        0
074 P001200      315
074 Q001200        0
074 R011200        0
074 R021200        0
074 R031200      132
074 R041200       25
074 S001200        0
074 T001200   293172
074 U011200    16974
074 U021200        0
074 V011200    17.27
074 V021200     0.00
074 W001200   0.0000
074 X001200       12
074 Y001200        0
075 A001200        0
075 B001200   262423
076  001200     0.00
015 A001301 BROWN BROTHERS HARRIMAN & CO.
015 B001301 C
015 C011301 BOSTON
015 C021301 MA
015 C031301 02109
015 E011301 X
015 A001302 DEPOSITORY TRUST COMPANY
015 B001302 S
015 C011302 NEW YORK
<PAGE>      PAGE  51
015 C021302 NY
015 C031302 10004
015 E011302 X
015 A001303 NATIONAL AUSTRALIA BANK LIMITED
015 B001303 S
015 C011303 MELBOURNE
015 D011303 AUSTRALIA
015 E041303 X
015 A001304 CREDITANSTALT BANKVEREIN
015 B001304 S
015 C011304 VIENNA
015 D011304 AUSTRIA
015 E041304 X
015 A001305 MORGAN GUARANTY BRUSSELS
015 B001305 S
015 C011305 BRUSSELS
015 D011305 BELGIUM
015 E041305 X
015 A001306 CANADIAN IMPERIAL BANK OF COMMERCE
015 B001306 S
015 C011306 TORONTO
015 D011306 CANADA
015 E041306 X
015 A001307 DEN DANSKE BANK
015 B001307 S
015 C011307 COPENHAGEN
015 D011307 DENMARK
015 E041307 X
015 A001308 UNION BANK OF FINLAND
015 B001308 S
015 C011308 HELSINKI
015 D011308 FINLAND
015 E041308 X
015 A001309 MORGAN GUARANTY TRUST OF NY
015 B001309 S
015 C011309 PARIS
015 D011309 FRANCE
015 E041309 X
015 A001310 J.P. MORGAN GMBH
015 B001310 S
015 C011310 FRANKFURT
015 D011310 GERMANY
015 E041310 X
015 A001311 CHASE MANHATTAN BANK
015 B001311 S
015 C011311 HONG KONG
015 D011311 HONG KONG
015 E041311 X
015 A001312 ALLIED IRISH BANK PLC
015 B001312 S
015 C011312 DUBLIN
<PAGE>      PAGE  52
015 D011312 IRELAND
015 E041312 X
015 A001313 BANCA COMMERCIALE ITALIANA
015 B001313 S
015 C011313 MILAN
015 D011313 ITALY
015 E041313 X
015 A001314 CITIBANK N. A.
015 B001314 S
015 C011314 NEW YORK
015 C021314 NY
015 C031314 10041
015 E041314 X
015 A001315 CITIBANK MEXICO
015 B001315 S
015 C011315 MEXICO CITY
015 D011315 MEXICO
015 E041315 X
015 A001316 AMSTERDAM-ROTTERDAM BANK NV
015 B001316 S
015 C011316 AMSTERDAM
015 D011316 NETHERLANDS
015 E041316 X
015 A001317 DEN NORSKE CREDITBANK
015 B001317 S
015 C011317 OSLO
015 D011317 NORWAY
015 E041317 X
015 A001318 CITIBANK MANILA
015 B001318 S
015 C011318 MANILA
015 D011318 PHILIPPINES
015 E041318 X
015 A001319 BANCO ESPIRITO SANTO E COMERCIAL DE LISBOA
015 B001319 S
015 C011319 LISBON
015 D011319 PORTUGAL
015 E041319 X
015 A001320 CHASE MANHATTAN BANK
015 B001320 S
015 C011320 SINGAPORE
015 D011320 SINGAPORE
015 E041320 X
015 A001321 BANCO DE SANTANDER
015 B001321 S
015 C011321 MADRID
015 D011321 SPAIN
015 E041321 X
015 A001322 SKANDINAVISKA ENSKILDA BANKEN
015 B001322 S
015 C011322 STOCKHOLM
<PAGE>      PAGE  53
015 D011322 SWEDEN
015 E041322 X
015 A001323 SWISS BANK CORPORATION
015 B001323 S
015 C011323 ZURICH
015 D011323 SWITZERLAND
015 E041323 X
015 A001324 MORGAN GUARANTY TRUST COMPANY
015 B001324 S
015 C011324 LONDON
015 D011324 UNITED KINGDOM
015 E041324 X
015 A001325 CITIBANK ATHENS
015 B001325 S
015 C011325 ATHENS
015 D011325 GREECE
015 E041325 X
015 A001326 HONG KONG & SHANGHAI BANKING CORP.
015 B001326 S
015 C011326 BANGKOK
015 D011326 THAILAND
015 E041326 X
015 A001327 NATIONAL AUSTRALIA BANK LIMITED
015 B001327 S
015 C011327 AUCKLAND
015 D011327 NEW ZEALAND
015 E041327 X
015 A001328 CITIBANK JAKARTA
015 B001328 S
015 C011328 JAKARTA
015 D011328 INDONESIA
015 E041328 X
015 A001329 SUMITOMO TRUST & BANKING CO. LTD.
015 B001329 S
015 C011329 TOKYO
015 D011329 JAPAN
015 E041329 X
015 A001330 CHASE MANHATTAN BANK
015 B001330 S
015 C011330 NEW YORK
015 C021330 NY
015 C031330 10036
015 E011330 X
015 A001331 EURO-CLEAR
015 B001331 S
015 C011331 BRUSSELS
015 D011331 BELGIUM
015 E041331 X
015 A001332 MORGAN GUARANTY TRUST
015 B001332 S
015 C011332 OSLO
<PAGE>      PAGE  54
015 D011332 NORWAY
015 E041332 X
015 A001333 CITIBANK N. A. BUENOS AIRES
015 B001333 S
015 C011333 BUENOS AIRES
015 D011333 ARGENTINA
015 E041333 X
015 A001334 BANK OF BOSTON, SAO PAULO
015 B001334 S
015 C011334 SAO PAULO
015 D011334 BRAZIL
015 E041334 X
015 A001335 CITIBANK BUDAPEST
015 B001335 S
015 C011335 BUDAPEST
015 D011335 HUNGARY
015 E041335 X
015 A001336 CITIBANK N. A. BOMBAY
015 B001336 S
015 C011336 BOMBAY
015 D011336 INDIA
015 E041336 X
015 A001337 CITIBANK N. A. SEOUL
015 B001337 S
015 C011337 SEOUL
015 D011337 KOREA
015 E041337 X
015 A001338 HONG KONG & SHANGHAI BANKING CORP.
015 B001338 S
015 C011338 KUALA LAMPUR
015 D011338 MALAYSIA
015 E041338 X
015 A001339 CITIBANK POLAND S.A.
015 B001339 S
015 C011339 WARSAW
015 D011339 POLAND
015 E041339 X
015 A001340 CITIBANK N. A. ISTANBUL
015 B001340 S
015 C011340 ISTANBUL
015 D011340 TURKEY
015 E041340 X
015 A001341 MORGAN GUARANTY TRUST COMPANY
015 B001341 C
015 C011341 NEW YORK
015 C021341 NY
015 C031341 10260
015 E011341 X
018  001300 Y
019 A001300 N
019 B001300    0
<PAGE>      PAGE  55
024  001300 N
025 D001301       0
025 D001302       0
025 D001303       0
025 D001304       0
025 D001305       0
025 D001306       0
025 D001307       0
025 D001308       0
028 A011300      1722
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028 A031300         0
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028 B011300      3139
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028 B031300         0
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028 C031300         0
028 C041300      2441
028 D011300      5386
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028 D031300         0
028 D041300      3720
028 E011300      4108
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028 E031300         0
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028 F011300      5985
028 F021300     13007
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028 F041300      2880
028 G011300     25128
028 G021300     13007
028 G031300         0
028 G041300     15788
028 H001300         0
062 A001300 N
062 B001300   0.0
062 C001300   0.0
062 D001300   0.0
062 E001300   0.0
062 F001300   0.0
062 G001300   0.0
062 H001300   0.0
062 I001300   0.0
062 J001300   0.0
062 K001300   0.0
062 L001300   0.0
062 M001300   0.0
<PAGE>      PAGE  56
062 N001300   0.0
062 O001300   0.0
062 P001300   0.0
062 Q001300   0.0
062 R001300   0.0
066 A001300 Y
066 B001300 N
066 C001300 N
066 D001300 Y
066 E001300 N
066 F001300 N
066 G001300 N
067  001300 N
068 A001300 N
068 B001300 Y
069  001300 N
070 A011300 Y
070 A021300 N
070 B011300 Y
070 B021300 N
070 C011300 N
070 C021300 N
070 D011300 Y
070 D021300 N
070 E011300 N
070 E021300 N
070 F011300 Y
070 F021300 N
070 G011300 Y
070 G021300 N
070 H011300 Y
070 H021300 N
070 I011300 Y
070 I021300 N
070 J011300 Y
070 J021300 Y
070 K011300 Y
070 K021300 N
070 L011300 Y
070 L021300 Y
070 M011300 Y
070 M021300 Y
070 N011300 Y
070 N021300 N
070 O011300 Y
070 O021300 N
070 P011300 Y
070 P021300 N
070 Q011300 N
070 Q021300 N
070 R011300 Y
<PAGE>      PAGE  57
070 R021300 N
071 A001300    118366
071 B001300     88640
071 C001300    372420
071 D001300   59
072 A001300 12
072 B001300      315
072 C001300     5246
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072 E001300        0
072 F001300     2806
072 G001300        0
072 H001300      145
072 I001300        0
072 J001300      973
072 K001300        0
072 L001300        8
072 M001300        2
072 N001300        0
072 O001300        0
072 P001300        0
072 Q001300        0
072 R001300        2
072 S001300        0
072 T001300        0
072 U001300        0
072 V001300        0
072 W001300        4
072 X001300     3940
072 Y001300        0
072 Z001300     1621
072AA001300    13763
072BB001300        0
072CC011300    39034
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072DD011300     5983
072DD021300        0
072EE001300     7584
073 A011300   0.2420
073 A021300   0.0000
073 B001300   0.3070
073 C001300   0.0000
074 A001300        7
074 B001300     3163
074 C001300        0
074 D001300        0
074 E001300        0
074 F001300   373823
074 G001300        0
074 H001300        0
074 I001300    17437
<PAGE>      PAGE  58
074 J001300     6143
074 K001300        0
074 L001300     3596
074 M001300      218
074 N001300   404386
074 O001300     2425
074 P001300      748
074 Q001300        0
074 R011300        0
074 R021300        0
074 R031300        0
074 R041300     1113
074 S001300        0
074 T001300   400100
074 U011300    25758
074 U021300        0
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074 V021300     0.00
074 W001300   0.0000
074 X001300       12
074 Y001300        0
075 A001300        0
075 B001300   372420
076  001300     0.00
015 A001401 CHEMICAL BANKING CORPORATION
015 B001401 C
015 C011401 NEW YORK
015 C021401 NY
015 C031401 10041
015 E011401 X
015 A001402 MORGAN GUARANTY TRUST COMPANY
015 B001402 C
015 C011402 NEW YORK
015 C021402 NY
015 C031402 10260
015 E011402 X
018  001400 Y
019 A001400 N
019 B001400    0
024  001400 N
025 D001401       0
025 D001402       0
025 D001403       0
025 D001404       0
025 D001405       0
025 D001406       0
025 D001407       0
025 D001408       0
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028 A021400         0
028 A031400         0
<PAGE>      PAGE  59
028 A041400       231
028 B011400      1564
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028 B031400         0
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028 C021400         0
028 C031400         0
028 C041400       785
028 D011400      1233
028 D021400         0
028 D031400         0
028 D041400      6260
028 E011400       880
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028 F021400     20684
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028 F041400      1441
028 G011400      6766
028 G021400     20684
028 G031400         0
028 G041400     18597
028 H001400         0
062 A001400 Y
062 B001400   0.0
062 C001400   0.0
062 D001400   4.0
062 E001400   0.0
062 F001400   0.0
062 G001400   0.0
062 H001400   0.0
062 I001400   0.0
062 J001400   0.0
062 K001400   0.0
062 L001400   0.0
062 M001400  53.7
062 N001400  37.9
062 O001400   0.0
062 P001400   3.1
062 Q001400   0.0
062 R001400   1.3
063 A001400   0
063 B001400 17.2
064 A001400 N
064 B001400 N
070 A011400 Y
070 A021400 Y
070 B011400 N
<PAGE>      PAGE  60
070 B021400 N
070 C011400 Y
070 C021400 N
070 D011400 N
070 D021400 N
070 E011400 Y
070 E021400 N
070 F011400 Y
070 F021400 N
070 G011400 Y
070 G021400 N
070 H011400 N
070 H021400 N
070 I011400 N
070 I021400 N
070 J011400 Y
070 J021400 N
070 K011400 Y
070 K021400 N
070 L011400 Y
070 L021400 N
070 M011400 N
070 M021400 N
070 N011400 Y
070 N021400 N
070 O011400 Y
070 O021400 N
070 P011400 Y
070 P021400 N
070 Q011400 N
070 Q021400 N
070 R011400 Y
070 R021400 N
071 A001400    885113
071 B001400    888238
071 C001400    480582
071 D001400  195
072 A001400 12
072 B001400    33603
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072 G001400        0
072 H001400       68
072 I001400        0
072 J001400       33
072 K001400        0
072 L001400      122
072 M001400        3
072 N001400      -11
<PAGE>      PAGE  61
072 O001400        0
072 P001400        0
072 Q001400        0
072 R001400       10
072 S001400        0
072 T001400        0
072 U001400        0
072 V001400        0
072 W001400        1
072 X001400     2139
072 Y001400        0
072 Z001400    31463
072AA001400        0
072BB001400    12820
072CC011400    66364
072CC021400        0
072DD011400    31134
072DD021400        0
072EE001400        0
073 A011400   0.7580
073 A021400   0.0000
073 B001400   0.0000
073 C001400   0.0000
074 A001400        1
074 B001400    19985
074 C001400        0
074 D001400   475043
074 E001400        0
074 F001400        0
074 G001400        0
074 H001400        0
074 I001400        0
074 J001400        0
074 K001400        0
074 L001400     7236
074 M001400        6
074 N001400   502271
074 O001400        0
074 P001400      495
074 Q001400        0
074 R011400        0
074 R021400        0
074 R031400        0
074 R041400        0
074 S001400        0
074 T001400   501776
074 U011400    42818
074 U021400        0
074 V011400    11.72
074 V021400     0.00
074 W001400   0.0000
<PAGE>      PAGE  62
074 X001400       12
074 Y001400        0
075 A001400        0
075 B001400   480582
076  001400     0.00
015 A001501 CHEMICAL BANKING CORPORATION
015 B001501 C
015 C011501 NEW YORK
015 C021501 NY
015 C031501 10004
015 C041501 2413
015 E011501 X
015 A001502 MORGAN GUARANTY TRUST COMPANY
015 B001502 C
015 C011502 NEW YORK
015 C021502 NY
015 C031502 10260
015 E011502 X
018  001500 Y
019 A001500 N
019 B001500    0
024  001500 N
025 D001501       0
025 D001502       0
025 D001503       0
025 D001504       0
025 D001505       0
025 D001506       0
025 D001507       0
025 D001508       0
028 A011500       814
028 A021500         0
028 A031500         0
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028 B011500       256
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028 C021500         0
028 C031500         0
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028 D031500         0
028 D041500        24
028 E011500       242
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028 E041500         0
028 F011500       806
<PAGE>      PAGE  63
028 F021500      1147
028 F031500         0
028 F041500         0
028 G011500      3274
028 G021500      1147
028 G031500         0
028 G041500       272
028 H001500         0
062 A001500 Y
062 B001500   0.0
062 C001500   0.0
062 D001500   4.0
062 E001500   0.0
062 F001500   0.0
062 G001500   0.0
062 H001500   0.0
062 I001500   0.0
062 J001500   0.0
062 K001500   0.0
062 L001500   0.0
062 M001500  65.6
062 N001500  30.2
062 O001500   0.0
062 P001500   0.0
062 Q001500   0.0
062 R001500   0.2
063 A001500   0
063 B001500 10.0
064 A001500 N
064 B001500 N
070 A011500 Y
070 A021500 Y
070 B011500 N
070 B021500 N
070 C011500 N
070 C021500 N
070 D011500 N
070 D021500 N
070 E011500 N
070 E021500 N
070 F011500 N
070 F021500 N
070 G011500 N
070 G021500 N
070 H011500 N
070 H021500 N
070 I011500 N
070 I021500 N
070 J011500 Y
070 J021500 N
070 K011500 Y
<PAGE>      PAGE  64
070 K021500 N
070 L011500 Y
070 L021500 N
070 M011500 N
070 M021500 N
070 N011500 Y
070 N021500 N
070 O011500 Y
070 O021500 N
070 P011500 N
070 P021500 N
070 Q011500 N
070 Q021500 N
070 R011500 N
070 R021500 N
071 A001500     14192
071 B001500     12825
071 C001500     19318
071 D001500   69
072 A001500 12
072 B001500     1123
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072 G001500        0
072 H001500        7
072 I001500        0
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072 O001500        0
072 P001500        0
072 Q001500        0
072 R001500        2
072 S001500        0
072 T001500        0
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072 V001500        0
072 W001500        0
072 X001500       96
072 Y001500        0
072 Z001500     1027
072AA001500      471
072BB001500        0
072CC011500     3841
072CC021500        0
072DD011500     1031
072DD021500        0
<PAGE>      PAGE  65
072EE001500      471
073 A011500   0.6560
073 A021500   0.0000
073 B001500   0.2860
073 C001500   0.0000
074 A001500        1
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074 C001500        0
074 D001500    22655
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074 G001500        0
074 H001500        0
074 I001500        0
074 J001500        0
074 K001500        0
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074 M001500        0
074 N001500    23675
074 O001500        0
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074 Q001500        0
074 R011500        0
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074 R041500        6
074 S001500        0
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074 W001500   0.0000
074 X001500        4
074 Y001500        0
075 A001500        0
075 B001500    19318
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015 A001601 CHEMICAL BANK
015 B001601 C
015 C011601 NEW YORK
015 C021601 NY
015 C031601 10041
015 E011601 X
015 A001602 MORGAN GUARANTY TRUST COMPANY
015 B001602 C
015 C011602 NEW YORK
015 C021602 NY
015 C031602 10260
015 E011602 X
018  001600 Y
<PAGE>      PAGE  66
019 A001600 N
019 B001600    0
024  001600 N
025 A001601 ALEX BROWN, INC.
025 C001601 E
025 D001601      42
025 A001602 LEGG MASON, INC.
025 C001602 E
025 D001602      22
025 A001603 PIPER JAFFRAY, INC.
025 B001603 41-0953246
025 C001603 E
025 D001603      18
025 D001604       0
025 D001605       0
025 D001606       0
025 D001607       0
025 D001608       0
028 A011600      4832
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028 G011600     29741
028 G021600       540
028 G031600         0
028 G041600      2507
028 H001600         0
062 A001600 N
062 B001600   0.0
062 C001600   0.0
062 D001600   0.0
<PAGE>      PAGE  67
062 E001600   0.0
062 F001600   0.0
062 G001600   0.0
062 H001600   0.0
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062 J001600   0.0
062 K001600   0.0
062 L001600   0.0
062 M001600   0.0
062 N001600   0.0
062 O001600   0.0
062 P001600   0.0
062 Q001600   0.0
062 R001600   0.0
066 A001600 Y
066 B001600 N
066 C001600 Y
066 D001600 N
066 E001600 N
066 F001600 N
066 G001600 N
067  001600 N
068 A001600 N
068 B001600 N
069  001600 Y
070 A011600 Y
070 A021600 N
070 B011600 Y
070 B021600 N
070 C011600 N
070 C021600 N
070 D011600 Y
070 D021600 N
070 E011600 N
070 E021600 N
070 F011600 Y
070 F021600 Y
070 G011600 Y
070 G021600 N
070 H011600 Y
070 H021600 N
070 I011600 N
070 I021600 N
070 J011600 N
070 J021600 N
070 K011600 N
070 K021600 N
070 L011600 Y
070 L021600 N
070 M011600 N
070 M021600 N
<PAGE>      PAGE  68
070 N011600 Y
070 N021600 N
070 O011600 N
070 O021600 N
070 P011600 N
070 P021600 N
070 Q011600 N
070 Q021600 N
070 R011600 N
070 R021600 N
071 A001600     47691
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<PAGE>      PAGE  69
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015 A001701 CHEMICAL BANK
015 B001701 C
015 C011701 NEW YORK
015 C021701 NY
015 C031701 10041
015 E011701 X
015 A001702 MORGAN GUARANTY TRUST COMPANY
015 B001702 C
015 C011702 NEW YORK
015 C021702 NY
015 C031702 10260
015 E011702 X
024  001700 Y
025 A001701 MORGAN STANLEY GROUP INC.
025 B001701 13-2838811
025 C001701 E
025 D001701     162
025 D001702       0
<PAGE>      PAGE  70
025 D001703       0
025 D001704       0
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062 A001700 N
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062 F001700   0.0
062 G001700   0.0
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062 L001700   0.0
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062 O001700   0.0
062 P001700   0.0
<PAGE>      PAGE  71
062 Q001700   0.0
062 R001700   0.0
070 A011700 Y
070 A021700 N
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070 B021700 N
070 C011700 N
070 C021700 N
070 D011700 Y
070 D021700 N
070 E011700 N
070 E021700 N
070 F011700 Y
070 F021700 N
070 G011700 Y
070 G021700 N
070 H011700 Y
070 H021700 N
070 I011700 N
070 I021700 N
070 J011700 N
070 J021700 N
070 K011700 N
070 K021700 N
070 L011700 Y
070 L021700 Y
070 M011700 Y
070 M021700 N
070 N011700 Y
070 N021700 N
070 O011700 N
070 O021700 N
070 P011700 N
070 P021700 N
070 Q011700 N
070 Q021700 N
070 R011700 N
070 R021700 N
071 A001700     66054
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<PAGE>      PAGE  72
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074 I001700        0
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<PAGE>      PAGE  73
074 U011700     5028
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074 V011700    12.55
074 V021700     0.00
074 W001700   0.0000
074 X001700       12
074 Y001700        0
075 A001700        0
075 B001700    28007
076  001700     0.00
SIGNATURE   STEPHEN TOOLEY                               
TITLE       COMPTROLLER         
 


<TABLE> <S> <C>

<ARTICLE> 6
<SERIES>
   <NUMBER> 1
   <NAME> MONEY MARKET PORTFOLIO
<MULTIPLIER> 1,000
       
<S>                             <C>
<PERIOD-TYPE>                   YEAR
<FISCAL-YEAR-END>                          DEC-31-1995
<PERIOD-END>                               DEC-31-1995
<INVESTMENTS-AT-COST>                        $ 610,185
<INVESTMENTS-AT-VALUE>                       $ 610,185
<RECEIVABLES>                                  $ 3,878
<ASSETS-OTHER>                                     $ 0
<OTHER-ITEMS-ASSETS>                               $ 2
<TOTAL-ASSETS>                               $ 614,064
<PAYABLE-FOR-SECURITIES>                             0
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                        $ 745
<TOTAL-LIABILITIES>                              $ 745
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                     $ 612,706
<SHARES-COMMON-STOCK>                           61,332
<SHARES-COMMON-PRIOR>                           58,328
<ACCUMULATED-NII-CURRENT>                            0
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                              0
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                             0
<NET-ASSETS>                                 $ 613,320
<DIVIDEND-INCOME>                                    0
<INTEREST-INCOME>                             $ 36,566
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                 $ 2,645
<NET-INVESTMENT-INCOME>                       $ 33,920
<REALIZED-GAINS-CURRENT>                             0
<APPREC-INCREASE-CURRENT>                            0
<NET-CHANGE-FROM-OPS>                         $ 33,920
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                     $ 33,920
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                         13,987
<NUMBER-OF-SHARES-REDEEMED>                     14,376
<SHARES-REINVESTED>                              3,392
<NET-CHANGE-IN-ASSETS>                          30,038
<ACCUMULATED-NII-PRIOR>                              0
<ACCUMULATED-GAINS-PRIOR>                            0
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                          $ 2,400
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                $ 2,645
<AVERAGE-NET-ASSETS>                         $ 601,817
<PER-SHARE-NAV-BEGIN>                         $ 10.000
<PER-SHARE-NII>                                 $ .564
<PER-SHARE-GAIN-APPREC>                              0
<PER-SHARE-DIVIDEND>                            $ .564
<PER-SHARE-DISTRIBUTIONS>                            0
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                           $ 10.000
<EXPENSE-RATIO>                                    .44
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        

</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<SERIES>
   <NUMBER> 2
   <NAME> BOND PORTFOLIO
<MULTIPLIER> 1,000
       
<S>                             <C>
<PERIOD-TYPE>                   YEAR
<FISCAL-YEAR-END>                          DEC-31-1995
<PERIOD-END>                               DEC-31-1995
<INVESTMENTS-AT-COST>                        $ 610,311
<INVESTMENTS-AT-VALUE>                       $ 643,574
<RECEIVABLES>                                 $ 12,933
<ASSETS-OTHER>                                    $217
<OTHER-ITEMS-ASSETS>                               $ 0
<TOTAL-ASSETS>                               $ 656,507
<PAYABLE-FOR-SECURITIES>                             0
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                        $ 670
<TOTAL-LIABILITIES>                              $ 670
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                     $ 629,568
<SHARES-COMMON-STOCK>                           57,971
<SHARES-COMMON-PRIOR>                           53,958
<ACCUMULATED-NII-CURRENT>                          714
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                      $ (8,289)
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                      $ 33,263
<NET-ASSETS>                                 $ 655,836
<DIVIDEND-INCOME>                                    0
<INTEREST-INCOME>                             $ 43,711
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                 $ 2,604
<NET-INVESTMENT-INCOME>                       $ 41,106
<REALIZED-GAINS-CURRENT>                       $ 3,945
<APPREC-INCREASE-CURRENT>                     $ 65,195
<NET-CHANGE-FROM-OPS>                        $ 110,247
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                     $ 40,773
<DISTRIBUTIONS-OF-GAINS>                       $ 1,427
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                          3,597
<NUMBER-OF-SHARES-REDEEMED>                      3,377
<SHARES-REINVESTED>                              3,794
<NET-CHANGE-IN-ASSETS>                       $ 114,188
<ACCUMULATED-NII-PRIOR>                              0
<ACCUMULATED-GAINS-PRIOR>                            0
<OVERDISTRIB-NII-PRIOR>                              0 
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                          $ 1,914
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                $ 2,604
<AVERAGE-NET-ASSETS>                         $ 587,260
<PER-SHARE-NAV-BEGIN>                         $ 10.038
<PER-SHARE-NII>                                 $ .763
<PER-SHARE-GAIN-APPREC>                        $ 1.293
<PER-SHARE-DIVIDEND>                            $ .755
<PER-SHARE-DISTRIBUTIONS>                       $ .026
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                           $ 11.313
<EXPENSE-RATIO>                                    .44
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        

</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<SERIES>
   <NUMBER> 3
   <NAME> COMMON STOCK PORTFOLIO
<MULTIPLIER> 1,000
       
<S>                             <C>
<PERIOD-TYPE>                   YEAR
<FISCAL-YEAR-END>                          DEC-31-1995
<PERIOD-END>                               DEC-31-1995
<INVESTMENTS-AT-COST>                      $ 3,003,199
<INVESTMENTS-AT-VALUE>                     $ 3,802,800
<RECEIVABLES>                                 $ 17,045
<ASSETS-OTHER>                                       0
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                             $ 3,819,845
<PAYABLE-FOR-SECURITIES>                       $ 1,777
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                      $ 4,264
<TOTAL-LIABILITIES>                           $  6,041
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                   $ 2,910,528
<SHARES-COMMON-STOCK>                          148,745
<SHARES-COMMON-PRIOR>                          126,693
<ACCUMULATED-NII-CURRENT>                            0
<OVERDISTRIBUTION-NII>                         $ 3,493
<ACCUMULATED-NET-GAINS>                      $ 105,687
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                     $ 799,594
<NET-ASSETS>                               $ 3,813,804
<DIVIDEND-INCOME>                             $ 61,956
<INTEREST-INCOME>                             $ 27,142
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                $ 15,415
<NET-INVESTMENT-INCOME>                       $ 73,682
<REALIZED-GAINS-CURRENT>                     $ 234,572
<APPREC-INCREASE-CURRENT>                    $ 553,123
<NET-CHANGE-FROM-OPS>                        $ 861,377
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                     $ 71,456
<DISTRIBUTIONS-OF-GAINS>                     $ 132,219
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                         15,687
<NUMBER-OF-SHARES-REDEEMED>                      1,673
<SHARES-REINVESTED>                              8,038
<NET-CHANGE-IN-ASSETS>                     $ 1,196,032
<ACCUMULATED-NII-PRIOR>                              0
<ACCUMULATED-GAINS-PRIOR>                      $ 3,334
<OVERDISTRIB-NII-PRIOR>                        $ 5,719
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                         $ 14,518
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                               $ 15,415
<AVERAGE-NET-ASSETS>                       $ 3,228,536
<PER-SHARE-NAV-BEGIN>                         $ 20.662
<PER-SHARE-NII>                                 $ .546
<PER-SHARE-GAIN-APPREC>                        $ 5.891
<PER-SHARE-DIVIDEND>                            $ .515
<PER-SHARE-DISTRIBUTIONS>                       $ .944
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                           $ 25.640
<EXPENSE-RATIO>                                    .48
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        

</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<SERIES>
   <NUMBER> 4
   <NAME> AGGRESSIVELY MANAGED FLEXIBLE PORTFOLIO
<MULTIPLIER> 1,000
       
<S>                             <C>
<PERIOD-TYPE>                   YEAR
<FISCAL-YEAR-END>                          DEC-31-1995
<PERIOD-END>                               DEC-31-1995
<INVESTMENTS-AT-COST>                      $ 3,687,627
<INVESTMENTS-AT-VALUE>                     $ 4,228,359
<RECEIVABLES>                                 $ 85,069
<ASSETS-OTHER>                                     $ 0
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                             $ 4,313,428
<PAYABLE-FOR-SECURITIES>                      $ 45,775
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                      $ 6,448
<TOTAL-LIABILITIES>                           $ 52,223
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                   $ 3,657,682
<SHARES-COMMON-STOCK>                          238,598
<SHARES-COMMON-PRIOR>                          224,673
<ACCUMULATED-NII-CURRENT>                            0
<OVERDISTRIBUTION-NII>                         $ 5,751
<ACCUMULATED-NET-GAINS>                       $ 66,155
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                     $ 540,733
<NET-ASSETS>                               $ 4,261,205
<DIVIDEND-INCOME>                             $ 47,780
<INTEREST-INCOME>                            $ 103,109
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                $ 24,248
<NET-INVESTMENT-INCOME>                      $ 126,641
<REALIZED-GAINS-CURRENT>                     $ 292,268
<APPREC-INCREASE-CURRENT>                    $ 410,041
<NET-CHANGE-FROM-OPS>                        $ 828,950
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                    $ 124,621
<DISTRIBUTIONS-OF-GAINS>                     $ 176,845
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                          8,487
<NUMBER-OF-SHARES-REDEEMED>                     11,612
<SHARES-REINVESTED>                             17,051
<NET-CHANGE-IN-ASSETS>                       $ 779,665
<ACCUMULATED-NII-PRIOR>                              0
<ACCUMULATED-GAINS-PRIOR>                            0
<OVERDISTRIB-NII-PRIOR>                       $  7,771
<OVERDIST-NET-GAINS-PRIOR>                    $ 49,268
<GROSS-ADVISORY-FEES>                         $ 22,971
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                               $ 24,248
<AVERAGE-NET-ASSETS>                       $ 3,837,004
<PER-SHARE-NAV-BEGIN>                         $ 15.496
<PER-SHARE-NII>                                 $ .564
<PER-SHARE-GAIN-APPREC>                        $ 3.149
<PER-SHARE-DIVIDEND>                            $ .560
<PER-SHARE-DISTRIBUTIONS>                       $ .790
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                           $ 17.859
<EXPENSE-RATIO>                                    .63
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        

</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<SERIES>
   <NUMBER> 5
   <NAME> CONSERVATIVELY MANAGED FLEXIBLE PORTFOLIO
<MULTIPLIER> 1,000
       
<S>                             <C>
<PERIOD-TYPE>                   YEAR
<FISCAL-YEAR-END>                          DEC-31-1995
<PERIOD-END>                               DEC-31-1995
<INVESTMENTS-AT-COST>                      $ 3,622,931
<INVESTMENTS-AT-VALUE>                     $ 3,912,781
<RECEIVABLES>                                 $ 33,817
<ASSETS-OTHER>                                     $ 0
<OTHER-ITEMS-ASSETS>                              $ 45
<TOTAL-ASSETS>                             $ 3,946,643
<PAYABLE-FOR-SECURITIES>                         $ 374
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                      $ 5,494
<TOTAL-LIABILITIES>                            $ 5,868
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                   $ 3,629,566
<SHARES-COMMON-STOCK>                          257,420
<SHARES-COMMON-PRIOR>                          248,394
<ACCUMULATED-NII-CURRENT>                            0
<OVERDISTRIBUTION-NII>                         $ 2,287
<ACCUMULATED-NET-GAINS>                       $ 21,071
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                     $ 289,850
<NET-ASSETS>                               $ 3,940,774
<DIVIDEND-INCOME>                             $ 23,484
<INTEREST-INCOME>                            $ 153,295
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                $ 21,485
<NET-INVESTMENT-INCOME>                      $ 155,294
<REALIZED-GAINS-CURRENT>                     $ 167,342
<APPREC-INCREASE-CURRENT>                    $ 264,774
<NET-CHANGE-FROM-OPS>                        $ 587,410
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                    $ 154,987
<DISTRIBUTIONS-OF-GAINS>                     $ 133,660
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                          5,345
<NUMBER-OF-SHARES-REDEEMED>                     15,343
<SHARES-REINVESTED>                             19,024
<NET-CHANGE-IN-ASSETS>                       $ 439,670
<ACCUMULATED-NII-PRIOR>                              0
<ACCUMULATED-GAINS-PRIOR>                            0
<OVERDISTRIB-NII-PRIOR>                        $ 2,593
<OVERDIST-NET-GAINS-PRIOR>                    $ 12,612
<GROSS-ADVISORY-FEES>                         $ 20,328
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                               $ 21,485
<AVERAGE-NET-ASSETS>                       $ 3,703,701
<PER-SHARE-NAV-BEGIN>                         $ 14.095
<PER-SHARE-NII>                                 $ .635
<PER-SHARE-GAIN-APPREC>                        $ 1.775
<PER-SHARE-DIVIDEND>                            $ .643
<PER-SHARE-DISTRIBUTIONS>                       $ .553
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                           $ 15.309
<EXPENSE-RATIO>                                    .58
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        

</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<SERIES>
   <NUMBER> 7
   <NAME> ZERO COUPON BOND 1995 PORTFOLIO
<MULTIPLIER> 1,000
       
<S>                             <C>
<PERIOD-TYPE>                   YEAR
<FISCAL-YEAR-END>                          DEC-31-1995
<PERIOD-END>                               DEC-31-1995
<INVESTMENTS-AT-COST>                                0
<INVESTMENTS-AT-VALUE>                               0
<RECEIVABLES>                                        0
<ASSETS-OTHER>                                       0
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                                       0
<PAYABLE-FOR-SECURITIES>                             0
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                            0
<TOTAL-LIABILITIES>                                  0
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                             0
<SHARES-COMMON-STOCK>                                0
<SHARES-COMMON-PRIOR>                          $ 1,674
<ACCUMULATED-NII-CURRENT>                            0
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                              0
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                             0
<NET-ASSETS>                                         0
<DIVIDEND-INCOME>                                    0
<INTEREST-INCOME>                                $ 717
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                    $ 60
<NET-INVESTMENT-INCOME>                          $ 657
<REALIZED-GAINS-CURRENT>                         $ 170
<APPREC-INCREASE-CURRENT>                       $ (37)
<NET-CHANGE-FROM-OPS>                            $ 791
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                        $ 685
<DISTRIBUTIONS-OF-GAINS>                         $ 170
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                             11
<NUMBER-OF-SHARES-REDEEMED>                      1,767
<SHARES-REINVESTED>                                 81
<NET-CHANGE-IN-ASSETS>                      $ (17,734)
<ACCUMULATED-NII-PRIOR>                              0
<ACCUMULATED-GAINS-PRIOR>                            0
<OVERDISTRIB-NII-PRIOR>                           $ 16
<OVERDIST-NET-GAINS-PRIOR>                        $ 37
<GROSS-ADVISORY-FEES>                             $ 43
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                   $ 60
<AVERAGE-NET-ASSETS>                          $ 12,200
<PER-SHARE-NAV-BEGIN>                         $ 10.593
<PER-SHARE-NII>                                 $ .538
<PER-SHARE-GAIN-APPREC>                         $ .109
<PER-SHARE-DIVIDEND>                            $ .841
<PER-SHARE-DISTRIBUTIONS>                     $ 10.399
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                                  0
<EXPENSE-RATIO>                                    .49
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        

</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<SERIES>
   <NUMBER> 8
   <NAME> ZERO COUPON BOND 2000 PORTFOLIO
<MULTIPLIER> 1,000
       
<S>                             <C>
<PERIOD-TYPE>                   YEAR
<FISCAL-YEAR-END>                          DEC-31-1995
<PERIOD-END>                               DEC-31-1995
<INVESTMENTS-AT-COST>                         $ 22,165
<INVESTMENTS-AT-VALUE>                        $ 25,288
<RECEIVABLES>                                        0
<ASSETS-OTHER>                                       0
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                                $ 25,288
<PAYABLE-FOR-SECURITIES>                             0
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                         $ 29
<TOTAL-LIABILITIES>                               $ 29
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                      $ 22,151
<SHARES-COMMON-STOCK>                            1,903
<SHARES-COMMON-PRIOR>                            1,740
<ACCUMULATED-NII-CURRENT>                            0
<OVERDISTRIBUTION-NII>                            $ 34
<ACCUMULATED-NET-GAINS>                              0
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                       $ 3,123
<NET-ASSETS>                                  $ 25,259
<DIVIDEND-INCOME>                                    0
<INTEREST-INCOME>                              $ 1,157
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                   $ 111
<NET-INVESTMENT-INCOME>                        $ 1,046
<REALIZED-GAINS-CURRENT>                         $ 946
<APPREC-INCREASE-CURRENT>                      $ 2,458
<NET-CHANGE-FROM-OPS>                          $ 4,449
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                      $ 1,046
<DISTRIBUTIONS-OF-GAINS>                         $ 946
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                            111
<NUMBER-OF-SHARES-REDEEMED>                         99
<SHARES-REINVESTED>                                151
<NET-CHANGE-IN-ASSETS>                         $ 4,623
<ACCUMULATED-NII-PRIOR>                              0
<ACCUMULATED-GAINS-PRIOR>                            0 
<OVERDISTRIB-NII-PRIOR>                         $ (23)
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                             $ 92
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                  $ 111
<AVERAGE-NET-ASSETS>                          $ 23,100
<PER-SHARE-NAV-BEGIN>                         $ 11.862
<PER-SHARE-NII>                                 $ .592
<PER-SHARE-GAIN-APPREC>                        $ 1.944
<PER-SHARE-DIVIDEND>                            $ .593
<PER-SHARE-DISTRIBUTIONS>                       $ .532
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                           $ 13.273
<EXPENSE-RATIO>                                    .48
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        

</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<SERIES>
   <NUMBER> 9
   <NAME> HIGH YIELD BOND PORTFOLIO
<MULTIPLIER> 1,000
       
<S>                             <C>
<PERIOD-TYPE>                   YEAR
<FISCAL-YEAR-END>                          DEC-31-1995
<PERIOD-END>                               DEC-31-1995
<INVESTMENTS-AT-COST>                        $ 354,569
<INVESTMENTS-AT-VALUE>                       $ 361,288
<RECEIVABLES>                                  $ 7,162
<ASSETS-OTHER>                                       0
<OTHER-ITEMS-ASSETS>                               $ 1
<TOTAL-ASSETS>                               $ 368,451
<PAYABLE-FOR-SECURITIES>                             0
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                        $ 541
<TOTAL-LIABILITIES>                              $ 541
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                     $ 384,458
<SHARES-COMMON-STOCK>                           47,165
<SHARES-COMMON-PRIOR>                           41,576
<ACCUMULATED-NII-CURRENT>                            0
<OVERDISTRIBUTION-NII>                         $ 2,641
<ACCUMULATED-NET-GAINS>                     $ (21,098)
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                       $ 6,719
<NET-ASSETS>                                 $ 367,909
<DIVIDEND-INCOME>                                $ 705
<INTEREST-INCOME>                             $ 36,153
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                 $ 2,056
<NET-INVESTMENT-INCOME>                       $ 34,802
<REALIZED-GAINS-CURRENT>                    $ (14,400)
<APPREC-INCREASE-CURRENT>                     $ 33,692
<NET-CHANGE-FROM-OPS>                         $ 54,095
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                     $ 36,032
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                          4,596
<NUMBER-OF-SHARES-REDEEMED>                      3,657
<SHARES-REINVESTED>                              4,650
<NET-CHANGE-IN-ASSETS>                        $ 61,685
<ACCUMULATED-NII-PRIOR>                              0
<ACCUMULATED-GAINS-PRIOR>                    $ (6,698)
<OVERDISTRIB-NII-PRIOR>                        $ 1,410        
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                          $ 1,846
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                $ 2,056
<AVERAGE-NET-ASSETS>                         $ 262,423
<PER-SHARE-NAV-BEGIN>                          $ 7.366
<PER-SHARE-NII>                                 $ .812
<PER-SHARE-GAIN-APPREC>                         $ .460
<PER-SHARE-DIVIDEND>                            $ .838
<PER-SHARE-DISTRIBUTIONS>                            0
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                            $ 7.800
<EXPENSE-RATIO>                                    .61
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        

</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<SERIES>
   <NUMBER> 10
   <NAME> STOCK INDEX PORTFOLIO
<MULTIPLIER> 1,000
       
<S>                             <C>
<PERIOD-TYPE>                   YEAR
<FISCAL-YEAR-END>                          DEC-31-1995
<PERIOD-END>                               DEC-31-1995
<INVESTMENTS-AT-COST>                        $ 457,608
<INVESTMENTS-AT-VALUE>                       $ 495,028
<RECEIVABLES>                                  $ 7,236
<ASSETS-OTHER>                                       6
<OTHER-ITEMS-ASSETS>                                 1
<TOTAL-ASSETS>                               $ 502,271
<PAYABLE-FOR-SECURITIES>                             0
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                        $ 495
<TOTAL-LIABILITIES>                              $ 495
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                     $ 486,409
<SHARES-COMMON-STOCK>                           42,818
<SHARES-COMMON-PRIOR>                           44,429
<ACCUMULATED-NII-CURRENT>                      $ 1,261
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                     $ (23,743)
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                      $ 37,421
<NET-ASSETS>                                 $ 501,775
<DIVIDEND-INCOME>                                    0
<INTEREST-INCOME>                             $ 33,603
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                 $ 2,139
<NET-INVESTMENT-INCOME>                       $ 31,463
<REALIZED-GAINS-CURRENT>                    $ (12,820)
<APPREC-INCREASE-CURRENT>                     $ 66,364
<NET-CHANGE-FROM-OPS>                         $ 85,008
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                     $ 31,134
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                            863
<NUMBER-OF-SHARES-REDEEMED>                      7,347
<SHARES-REINVESTED>                              2,693
<NET-CHANGE-IN-ASSETS>                        $ 14,201
<ACCUMULATED-NII-PRIOR>                              0
<ACCUMULATED-GAINS-PRIOR>                            0
<OVERDISTRIB-NII-PRIOR>                          $ 448
<OVERDIST-NET-GAINS-PRIOR>                     $ 1,304
<GROSS-ADVISORY-FEES>                          $ 1,914
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                $ 2,139
<AVERAGE-NET-ASSETS>                         $ 831,917
<PER-SHARE-NAV-BEGIN>                         $ 14.957
<PER-SHARE-NII>                                 $ .403
<PER-SHARE-GAIN-APPREC>                        $ 5.126
<PER-SHARE-DIVIDEND>                            $ .384
<PER-SHARE-DISTRIBUTIONS>                       $ .146
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                           $ 19.956
<EXPENSE-RATIO>                                    .38
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        

</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<SERIES>
   <NUMBER> 11
   <NAME> HIGH DIVIDEND STOCK PORTFOLIO
<MULTIPLIER> 1,000
       
<S>                             <C>
<PERIOD-TYPE>                   YEAR
<FISCAL-YEAR-END>                          DEC-31-1995
<PERIOD-END>                               DEC-31-1995
<INVESTMENTS-AT-COST>                      $ 1,029,616
<INVESTMENTS-AT-VALUE>                     $ 1,106,522
<RECEIVABLES>                                  $ 5,534
<ASSETS-OTHER>                                       0
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                             $ 1,112,056
<PAYABLE-FOR-SECURITIES>                         $ 967
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                      $ 1,126
<TOTAL-LIABILITIES>                            $ 2,093
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                   $ 1,017,173
<SHARES-COMMON-STOCK>                           68,218
<SHARES-COMMON-PRIOR>                           59,353
<ACCUMULATED-NII-CURRENT>                        1,280
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                       $ 13,922
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                      $ 76,907
<NET-ASSETS>                               $ 1,109,963
<DIVIDEND-INCOME>                             $ 35,978
<INTEREST-INCOME>                              $ 8,258
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                 $ 4,320
<NET-INVESTMENT-INCOME>                       $ 39,916
<REALIZED-GAINS-CURRENT>                      $ 61,267
<APPREC-INCREASE-CURRENT>                     $ 90,523
<NET-CHANGE-FROM-OPS>                        $ 191,705
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                     $ 38,782
<DISTRIBUTIONS-OF-GAINS>                      $ 46,565
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                          4,804
<NUMBER-OF-SHARES-REDEEMED>                      1,152
<SHARES-REINVESTED>                              5,214
<NET-CHANGE-IN-ASSETS>                       $ 250,292
<ACCUMULATED-NII-PRIOR>                              0
<ACCUMULATED-GAINS-PRIOR>                            0
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                         780
<GROSS-ADVISORY-FEES>                          $ 3,999
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                $ 4,320
<AVERAGE-NET-ASSETS>                         $ 999,147
<PER-SHARE-NAV-BEGIN>                         $ 14.484
<PER-SHARE-NII>                                 $ .644
<PER-SHARE-GAIN-APPREC>                        $ 2.495
<PER-SHARE-DIVIDEND>                            $ .618
<PER-SHARE-DISTRIBUTIONS>                       $ .734
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                           $ 16.271
<EXPENSE-RATIO>                                    .43
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        

</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<SERIES>
   <NUMBER> 12
   <NAME> NATURAL RESOURCES PORTFOLIO
<MULTIPLIER> 1,000
       
<S>                             <C>
<PERIOD-TYPE>                   YEAR
<FISCAL-YEAR-END>                          DEC-31-1995
<PERIOD-END>                               DEC-31-1995
<INVESTMENTS-AT-COST>                        $ 251,011
<INVESTMENTS-AT-VALUE>                       $ 293,115
<RECEIVABLES>                                    $ 528
<ASSETS-OTHER>                                       0
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                               $ 293,644
<PAYABLE-FOR-SECURITIES>                             0
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                        $ 472
<TOTAL-LIABILITIES>                              $ 472
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                     $ 243,474
<SHARES-COMMON-STOCK>                           16,974
<SHARES-COMMON-PRIOR>                           15,736
<ACCUMULATED-NII-CURRENT>                            0
<OVERDISTRIBUTION-NII>                            $ 41
<ACCUMULATED-NET-GAINS>                        $ 7,433
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                      $ 42,136
<NET-ASSETS>                                 $ 293,172
<DIVIDEND-INCOME>                              $ 3,977
<INTEREST-INCOME>                                $ 624
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                 $ 1,310
<NET-INVESTMENT-INCOME>                        $ 3,292
<REALIZED-GAINS-CURRENT>                      $ 19,734
<APPREC-INCREASE-CURRENT>                     $ 39,062
<NET-CHANGE-FROM-OPS>                         $ 62,089
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                      $ 3,370
<DISTRIBUTIONS-OF-GAINS>                      $ 13,349
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                          1,205
<NUMBER-OF-SHARES-REDEEMED>                        948
<SHARES-REINVESTED>                                981
<NET-CHANGE-IN-ASSETS>                        $ 65,898
<ACCUMULATED-NII-PRIOR>                           $ 37
<ACCUMULATED-GAINS-PRIOR>                      $ 1,047
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                          $ 1,184
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                $ 1,310
<AVERAGE-NET-ASSETS>                         $ 262,423
<PER-SHARE-NAV-BEGIN>                         $ 14.443
<PER-SHARE-NII>                                 $ .204
<PER-SHARE-GAIN-APPREC>                        $ 3.662
<PER-SHARE-DIVIDEND>                            $ .209
<PER-SHARE-DISTRIBUTIONS>                       $ .828
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                           $ 17.272
<EXPENSE-RATIO>                                    .50
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        

</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<SERIES>
   <NUMBER> 13
   <NAME> GLOBAL EQUITY PORTFOLIO
<MULTIPLIER> 1,000
       
<S>                             <C>
<PERIOD-TYPE>                   YEAR
<FISCAL-YEAR-END>                          DEC-31-1995
<PERIOD-END>                               DEC-31-1995
<INVESTMENTS-AT-COST>                        $ 338,205
<INVESTMENTS-AT-VALUE>                       $ 380,897
<RECEIVABLES>                                  $ 9,380
<ASSETS-OTHER>                                   $ 218
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                               $ 390,495
<PAYABLE-FOR-SECURITIES>                       $ 2,425
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                      $ 1,862
<TOTAL-LIABILITIES>                            $ 4,287
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                     $ 353,239
<SHARES-COMMON-STOCK>                           25,757
<SHARES-COMMON-PRIOR>                           24,911
<ACCUMULATED-NII-CURRENT>                            0
<OVERDISTRIBUTION-NII>                         $ 4,668
<ACCUMULATED-NET-GAINS>                        $ 5,349
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                      $ 45,922
<NET-ASSETS>                                 $ 345,734
<DIVIDEND-INCOME>                              $ 5,246
<INTEREST-INCOME>                                $ 315
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                 $ 3,940
<NET-INVESTMENT-INCOME>                        $ 1,621
<REALIZED-GAINS-CURRENT>                      $ 13,763
<APPREC-INCREASE-CURRENT>                     $ 39,034
<NET-CHANGE-FROM-OPS>                         $ 54,418
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                      $ 5,983
<DISTRIBUTIONS-OF-GAINS>                       $ 7,584
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                          2,817
<NUMBER-OF-SHARES-REDEEMED>                      2,843
<SHARES-REINVESTED>                                873
<NET-CHANGE-IN-ASSETS>                        $ 54,366
<ACCUMULATED-NII-PRIOR>                              0
<ACCUMULATED-GAINS-PRIOR>                      $ (830)
<OVERDISTRIB-NII-PRIOR>                          $ 307
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                          $ 2,806
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                $ 3,939
<AVERAGE-NET-ASSETS>                         $ 372,420
<PER-SHARE-NAV-BEGIN>                         $ 13.879
<PER-SHARE-NII>                                 $ .065
<PER-SHARE-GAIN-APPREC>                        $ 2.138
<PER-SHARE-DIVIDEND>                            $ .242
<PER-SHARE-DISTRIBUTIONS>                       $ .307
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                           $ 15.533
<EXPENSE-RATIO>                                   1.06
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        

</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<SERIES>
   <NUMBER> 14
   <NAME> GOVERNMENT SECURITIES PORTFOLIO
<MULTIPLIER> 1,000
       
<S>                             <C>
<PERIOD-TYPE>                   YEAR
<FISCAL-YEAR-END>                          DEC-31-1995
<PERIOD-END>                               DEC-31-1995
<INVESTMENTS-AT-COST>                        $ 457,608
<INVESTMENTS-AT-VALUE>                       $ 495,029
<RECEIVABLES>                                  $ 7,236
<ASSETS-OTHER>                                       0
<OTHER-ITEMS-ASSETS>                               $ 6 
<TOTAL-ASSETS>                               $ 502,271
<PAYABLE-FOR-SECURITIES>                             0
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                        $ 495
<TOTAL-LIABILITIES>                              $ 495
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                     $ 486,409
<SHARES-COMMON-STOCK>                           42,818
<SHARES-COMMON-PRIOR>                           46,607
<ACCUMULATED-NII-CURRENT>                            0
<OVERDISTRIBUTION-NII>                         $ 1,261
<ACCUMULATED-NET-GAINS>                     $ (23,743)
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                      $ 37,421
<NET-ASSETS>                                 $ 501,775
<DIVIDEND-INCOME>                                    0
<INTEREST-INCOME>                             $ 33,603
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                 $ 2,139
<NET-INVESTMENT-INCOME>                       $ 31,464
<REALIZED-GAINS-CURRENT>                    $ (12,820)
<APPREC-INCREASE-CURRENT>                     $ 66,364
<NET-CHANGE-FROM-OPS>                         $ 85,008
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                     $ 31,134
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                            863
<NUMBER-OF-SHARES-REDEEMED>                      7,347
<SHARES-REINVESTED>                              2,693
<NET-CHANGE-IN-ASSETS>                        $ 14,201
<ACCUMULATED-NII-PRIOR>                          $ 931
<ACCUMULATED-GAINS-PRIOR>                   $ (10,924)
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                          $ 1,914
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                $ 2,139
<AVERAGE-NET-ASSETS>                         $ 480,582
<PER-SHARE-NAV-BEGIN>                         $ 10.461
<PER-SHARE-NII>                                 $ .741
<PER-SHARE-GAIN-APPREC>                        $ 1.275
<PER-SHARE-DIVIDEND>                            $ .758
<PER-SHARE-DISTRIBUTIONS>                            0
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                           $ 11.719
<EXPENSE-RATIO>                                    .45
<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> 15
   <NAME> ZERO COUPON BOND 2005 PORTFOLIO
<MULTIPLIER> 1,000
       
<S>                             <C>
<PERIOD-TYPE>                   YEAR
<FISCAL-YEAR-END>                          DEC-31-1995
<PERIOD-END>                               DEC-31-1995
<INVESTMENTS-AT-COST>                         $ 19,934
<INVESTMENTS-AT-VALUE>                        $ 23,588
<RECEIVABLES>                                       86
<ASSETS-OTHER>                                       0
<OTHER-ITEMS-ASSETS>                               $ 1
<TOTAL-ASSETS>                                $ 23,675
<PAYABLE-FOR-SECURITIES>                             0
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                         $ 28
<TOTAL-LIABILITIES>                               $ 28
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                      $ 19,956
<SHARES-COMMON-STOCK>                            1,793
<SHARES-COMMON-PRIOR>                            1,536
<ACCUMULATED-NII-CURRENT>                         $ 19
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                              0
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                       $ 3,654
<NET-ASSETS>                                  $ 23,647
<DIVIDEND-INCOME>                                    0
<INTEREST-INCOME>                              $ 1,123
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                    $ 96
<NET-INVESTMENT-INCOME>                        $ 1,027
<REALIZED-GAINS-CURRENT>                           471
<APPREC-INCREASE-CURRENT>                      $ 3,841
<NET-CHANGE-FROM-OPS>                          $ 5,339
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                      $ 1,031
<DISTRIBUTIONS-OF-GAINS>                         $ 471
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                            293
<NUMBER-OF-SHARES-REDEEMED>                        153
<SHARES-REINVESTED>                                116
<NET-CHANGE-IN-ASSETS>                         $ 7,141
<ACCUMULATED-NII-PRIOR>                           $ 23
<ACCUMULATED-GAINS-PRIOR>                            0
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                             $ 77
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                   $ 96
<AVERAGE-NET-ASSETS>                          $ 19,318
<PER-SHARE-NAV-BEGIN>                         $ 10.744
<PER-SHARE-NII>                                 $ .655
<PER-SHARE-GAIN-APPREC>                        $ 2.733
<PER-SHARE-DIVIDEND>                            $ .656
<PER-SHARE-DISTRIBUTIONS>                       $ .286
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                           $ 13.190
<EXPENSE-RATIO>                                    .49
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        

</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<SERIES>
   <NUMBER> 15
   <NAME> SMALL CAPITALIZATION STOCK PORTFOLIO
<MULTIPLIER> 1,000
       
<S>                             <C>
<PERIOD-TYPE>                   YEAR
<FISCAL-YEAR-END>                          DEC-31-1995
<PERIOD-END>                               DEC-31-1995
<INVESTMENTS-AT-COST>                         $ 47,793
<INVESTMENTS-AT-VALUE>                        $ 50,390
<RECEIVABLES>                                    $ 509
<ASSETS-OTHER>                                       0
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                                $ 50,396
<PAYABLE-FOR-SECURITIES>                       $ 3,420
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                         $ 49
<TOTAL-LIABILITIES>                            $ 3,469
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                      $ 44,389
<SHARES-COMMON-STOCK>                            4,011
<SHARES-COMMON-PRIOR>                                0
<ACCUMULATED-NII-CURRENT>                           33
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                          $ 397
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                       $ 2,608
<NET-ASSETS>                                  $ 47,467
<DIVIDEND-INCOME>                                $ 173
<INTEREST-INCOME>                                $ 128
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                   $ 126
<NET-INVESTMENT-INCOME>                          $ 176
<REALIZED-GAINS-CURRENT>                         $ 801
<APPREC-INCREASE-CURRENT>                      $ 2,608
<NET-CHANGE-FROM-OPS>                          $ 3,585
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                        $ 143
<DISTRIBUTIONS-OF-GAINS>                         $ 405
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                          3,181
<NUMBER-OF-SHARES-REDEEMED>                        217
<SHARES-REINVESTED>                                 47
<NET-CHANGE-IN-ASSETS>                        $ 47,367
<ACCUMULATED-NII-PRIOR>                              0
<ACCUMULATED-GAINS-PRIOR>                            0
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                             $ 73
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                  $ 126
<AVERAGE-NET-ASSETS>                          $ 25,912
<PER-SHARE-NAV-BEGIN>                         $ 10.000
<PER-SHARE-NII>                                 $ .077
<PER-SHARE-GAIN-APPREC>                        $ 1.916
<PER-SHARE-DIVIDEND>                            $ .044
<PER-SHARE-DISTRIBUTIONS>                       $ .116
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                           $ 11.833
<EXPENSE-RATIO>                                    .60
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        

</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<SERIES>
   <NUMBER> 16
   <NAME> GROWTH STOCK PORTFOLIO
<MULTIPLIER> 1,000
       
<S>                             <C>
<PERIOD-TYPE>                   YEAR
<FISCAL-YEAR-END>                          DEC-31-1995
<PERIOD-END>                               DEC-31-1995
<INVESTMENTS-AT-COST>                         $ 62,811
<INVESTMENTS-AT-VALUE>                        $ 66,856
<RECEIVABLES>                                    $ 645
<ASSETS-OTHER>                                       1
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                                $ 67,502
<PAYABLE-FOR-SECURITIES>                       $ 4,311
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                        $ 100
<TOTAL-LIABILITIES>                            $ 4,411
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                      $ 58,830
<SHARES-COMMON-STOCK>                            5,028
<SHARES-COMMON-PRIOR>                                0
<ACCUMULATED-NII-CURRENT>                         $ 35
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                          $ 131
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                       $ 4,044
<NET-ASSETS>                                  $ 63,091
<DIVIDEND-INCOME>                                $ 129
<INTEREST-INCOME>                                 $ 83
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                   $ 170
<NET-INVESTMENT-INCOME>                           $ 42
<REALIZED-GAINS-CURRENT>                         $ 131
<APPREC-INCREASE-CURRENT>                      $ 4,044
<NET-CHANGE-FROM-OPS>                          $ 4,217
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                          $ 8
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                          4,216
<NUMBER-OF-SHARES-REDEEMED>                        188
<SHARES-REINVESTED>                                667
<NET-CHANGE-IN-ASSETS>                        $ 62,991
<ACCUMULATED-NII-PRIOR>                              0
<ACCUMULATED-GAINS-PRIOR>                            0
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                            $ 118
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                  $ 170
<AVERAGE-NET-ASSETS>                          $ 28,007
<PER-SHARE-NAV-BEGIN>                         $ 10.000
<PER-SHARE-NII>                                 $ .077
<PER-SHARE-GAIN-APPREC>                        $ 1.916
<PER-SHARE-DIVIDEND>                            $ .044
<PER-SHARE-DISTRIBUTIONS>                       $ .116
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                           $ 11.833
<EXPENSE-RATIO>                                    .60
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        

</TABLE>


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