AMERICAN VARIABLE INSURANCE SERIES
NSAR-B, 1999-01-28
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<PAGE>      PAGE  1
000 B000000 11/30/98
000 C000000 0000729528
000 D000000 N
000 E000000 NF
000 F000000 Y
000 G000000 N
000 H000000 N
000 I000000 3.0
000 J000000 A
001 A000000 AMERICAN VARIABLE INSURANCE SERIES
001 B000000 811-3857
001 C000000 2134869200
002 A000000 333 SOUTH HOPE STREET
002 B000000 LOS ANGELES
002 C000000 CA
002 D010000 90071
002 D020000 1406
003  000000 N
004  000000 N
005  000000 N
006  000000 N
007 A000000 Y
007 B000000 10
007 C010100  1
007 C020100 GROWTH FUND
007 C030100 N
007 C010200  2
007 C020200 GROWTH-INCOME FUND
007 C030200 N
007 C010300  3
007 C020300 ASSET ALLOCATION FUND
007 C030300 N
007 C010400  4
007 C020400 HIGH-YIELD BOND FUND
007 C030400 N
007 C010500  5
007 C020500 U.S. GOVERNMENT/AAA RATED SECURITIES FUND
007 C030500 N
007 C010600  6
007 C020600 CASH MANAGEMENT FUND
007 C030600 N
007 C010700  7
007 C020700 INTERNATIONAL FUND
007 C030700 N
007 C010800  8
007 C020800 BOND FUND
007 C030800 N
007 C010900  9
007 C020900 GLOBAL GROWTH FUND
007 C030900 N
007 C011000 10
<PAGE>      PAGE  2
007 C021000 GLOBAL SMALL CAPITALIZATION FUND
007 C031000 N
007 C011100 11
007 C011200 12
007 C011300 13
007 C011400 14
007 C011500 15
007 C011600 16
007 C011700 17
007 C011800 18
007 C011900 19
007 C012000 20
008 A00AA01 CAPITAL RESEARCH AND MANAGEMENT COMPANY
008 B00AA01 A
008 C00AA01 801-8055
008 D01AA01 LOS ANGELES
008 D02AA01 CA
008 D03AA01 90071
012 A00AA01 ALLRICAN FUNDS SERVICE COMPANY
012 B00AA01 84-00316
012 C01AA01 BREA
012 C02AA01 CA
012 C03AA01 92821
013 A00AA01 PRICE WATERHOUSE LLP
013 B01AA01 LOS ANGELES
013 B02AA01 CA
013 B03AA01 90071
015 A00AA01 STATE STREET BANK AND TRUST COMPANY
015 B00AA01 C
015 C01AA01 BOSTON
015 C02AA01 MA
015 C03AA01 02101
015 E01AA01 X
015 A00AA02 WESTPAC BANKING CORPORATION
015 B00AA02 S
015 C01AA02 SYDNEY NSW
015 D01AA02 AUSTRALIA
015 D02AA02 2000
015 E04AA02 X
015 A00AA03 ERSTE BANK OESTERRREICHISCHEN SPARKASSEN AG
015 B00AA03 S
015 C01AA03 VIENNA
015 D01AA03 AUSTRIA
015 D02AA03 1011
015 E04AA03 X
015 A00AA04 STANDARD CHARTERED BANK
015 B00AA04 S
015 C01AA04 DHAKA
015 D01AA04 BANGLADESH
015 D02AA04 1000
015 E04AA04 X
<PAGE>      PAGE  3
015 A00AA05 GENERAL BANK
015 B00AA05 S
015 C01AA05 BRUSSELS
015 D01AA05 BELGIUM
015 D02AA05 1000
015 E04AA05 X
015 A00AA06 BARCLAYS BANK OF BOTSWANA LIMITED
015 B00AA06 S
015 C01AA06 GABORONE
015 D01AA06 BOTSWANA
015 E04AA06 X
015 A00AA07 CANADA TRUSTCO MORTGAGE COMPANY
015 B00AA07 S
015 C01AA07 TORONTO, ONTARIO
015 D01AA07 CANADA
015 D02AA07 M5J 2T2
015 E04AA07 X
015 A00AA08 HONGKONG & SHANGHAI BANKING CORP. LTD.
015 B00AA08 S
015 C01AA08 SHANGHAI
015 D01AA08 CHINA
015 E04AA08 X
015 A00AA09 HONGKONG & SHANGHAI BANKING CORP. LTD.
015 B00AA09 S
015 C01AA09 SHENZHEN
015 D01AA09 CHINA
015 E04AA09 X
015 A00AA10 CITITRUST, COLOMBIA S.A. SOCIEDAD FIDUCIARIA
015 B00AA10 S
015 C01AA10 SANTAFE DE BOGOTA
015 D01AA10 COLOMBIA
015 E04AA10 X
015 A00AA11 BARCLAYS BANK PLC
015 B00AA11 S
015 C01AA11 NICOSIA
015 D01AA11 CYPRUS
015 E04AA11 X
015 A00AA12 CESKOSLOVENSKA OBCHODNI BANKA A.S.
015 B00AA12 S
015 C01AA12 PRAGUE
015 D01AA12 CZECH REPUBLIC
015 D02AA12 115 20
015 E04AA12 X
015 A00AA13 DEN DANSKE BANK
015 B00AA13 S
015 C01AA13 COPENHAGEN
015 D01AA13 DENMARK
015 D02AA13 DK-1092
015 E04AA13 X
015 A00AA14 NATIONAL BANK OF EGYPT
015 B00AA14 S
<PAGE>      PAGE  4
015 C01AA14 CAIRO
015 D01AA14 EGYPT
015 E04AA14 X
015 A00AA15 MERITA BANK LTD
015 B00AA15 S
015 C01AA15 HELSINKI
015 D01AA15 FINLAND
015 D02AA15 00500
015 E04AA15 X
015 A00AA16 BANQUE PARIBAS
015 B00AA16 S
015 C01AA16 PARIS
015 D01AA16 FRANCE
015 D02AA16 75078
015 E04AA16 X
015 A00AA17 DRESDNER BANK AG
015 B00AA17 S
015 C01AA17 FRANKFURT
015 D01AA17 GERMANY
015 D02AA17 D-6000
015 E04AA17 X
015 A00AA18 BARCLAYS BANK OF GHANA LIMITED
015 B00AA18 S
015 C01AA18 ACCRA
015 D01AA18 GHANA
015 E04AA18 X
015 A00AA19 NATIONAL BANK OF GREECE
015 B00AA19 S
015 C01AA19 ATHENS
015 D01AA19 GREECE
015 D02AA19 105 59
015 E04AA19 X
015 A00AA20 STANDARD CHARTERED BANK
015 B00AA20 S
015 C01AA20 HONG KONG
015 D01AA20 HONG KONG
015 E04AA20 X
015 A00AA21 CITIBANK BUDAPEST RT.
015 B00AA21 S
015 C01AA21 BUDAPEST
015 D01AA21 HUNGARY
015 E04AA21 X
015 A00AA22 DEUTSCHE BANK AG
015 B00AA22 S
015 C01AA22 BOMBAY
015 D01AA22 INDIA
015 D02AA22 400-001
015 E04AA22 X
015 A00AA23 STANDARD CHARTERED BANK
015 B00AA23 S
015 C01AA23 JAKARTA
<PAGE>      PAGE  5
015 D01AA23 INDONESIA
015 D02AA23 10220
015 E04AA23 X
015 A00AA24 BANK OF IRELAND
015 B00AA24 S
015 C01AA24 DUBLIN
015 D01AA24 IRELAND
015 D02AA24 1
015 E04AA24 X
015 A00AA25 BANK HAPOALIM B.M.
015 B00AA25 S
015 C01AA25 TEL AVIV
015 D01AA25 ISRAEL
015 D02AA25 63432
015 E04AA25 X
015 A00AA26 THE FUJI BANK, LIMITED
015 B00AA26 S
015 C01AA26 TOKYO
015 D01AA26 JAPAN
015 D02AA26 103
015 E04AA26 X
015 A00AA27 THE BRITISH BANK OF THE MIDDLE EAST
015 B00AA27 S
015 C01AA27 AMMAN
015 D01AA27 JORDAN
015 E04AA27 X
015 A00AA28 BARCLAYS BANK OF KENYA LIMITED
015 B00AA28 S
015 C01AA28 NAIROBI
015 D01AA28 KENYA
015 E04AA28 X
015 A00AA29 STANDARD CHARTERED BANK MALAYSIA
015 B00AA29 S
015 C01AA29 KUALA LUMPUR
015 D01AA29 MALAYSIA
015 D02AA29 50450
015 E04AA29 X
015 A00AA30 BANQUE COMMERCIALE DU MAROC
015 B00AA30 S
015 C01AA30 CASABLANCA
015 D01AA30 MOROCCO
015 E04AA30 X
015 A00AA31 MEES PIERSON N.V.
015 B00AA31 S
015 C01AA31 AMSTERDAM
015 D01AA31 NETHERLANDS
015 D02AA31 1000
015 E04AA31 X
015 A00AA32 ANZ BANKING GROUP LIMITED
015 B00AA32 S
015 C01AA32 WELLINGTON
<PAGE>      PAGE  6
015 D01AA32 NEW ZEALAND
015 E04AA32 X
015 A00AA33 CHRISTIANIA BANK OG KREDITKASSE
015 B00AA33 S
015 C01AA33 OSLO
015 D01AA33 NORWAY
015 D02AA33 0368
015 E04AA33 X
015 A00AA34 DEUTSCHE BANK
015 B00AA34 S
015 C01AA34 KARACHI
015 D01AA34 PAKISTAN
015 D02AA34 74000
015 E04AA34 X
015 A00AA35 STANDARD CHARTERED BANK
015 B00AA35 S
015 C01AA35 MAKATI,METRO MANILA
015 D01AA35 PHILIPPINES
015 E04AA35 X
015 A00AA36 BANK POLSKA CASA OPIEKI S.A.
015 B00AA36 S
015 C01AA36 WARSAW
015 D01AA36 POLAND
015 D02AA36 00-082
015 E04AA36 X
015 A00AA37 BANCO COMERCIAL PORTUGUES
015 B00AA37 S
015 C01AA37 LISBON
015 D01AA37 PORTUGAL
015 D02AA37 1000
015 E04AA37 X
015 A00AA38 DEVELOPMENT BANK OF SINGAPORE
015 B00AA38 S
015 C01AA38 SINGAPORE
015 D01AA38 SINGAPORE
015 D02AA38 0104
015 E04AA38 X
015 A00AA39 STANDARD BANK OF SOUTH AFRICA LIMITED
015 B00AA39 S
015 C01AA39 JOHANNESBURG
015 D01AA39 SOUTH AFRICA
015 D02AA39 2001
015 E04AA39 X
015 A00AA40 HONGKONG AND SHANGHAI BANKING
015 B00AA40 S
015 C01AA40 SEOUL
015 D01AA40 SOUTH KOREA
015 E04AA40 X
015 A00AA41 BANCO SANTANDER
015 B00AA41 S
015 C01AA41 MADRID
<PAGE>      PAGE  7
015 D01AA41 SPAIN
015 D02AA41 28022
015 E04AA41 X
015 A00AA42 HONGKONG & SHANGHAI BANKING CORP. LTD.
015 B00AA42 S
015 C01AA42 COLOMBO
015 D01AA42 SRI LANKA
015 D02AA42 1
015 E04AA42 X
015 A00AA43 SKANDINAVISKA ENSKILDA BANKEN
015 B00AA43 S
015 C01AA43 STOCKHOLM
015 D01AA43 SWEDEN
015 D02AA43 S-106 40
015 E04AA43 X
015 A00AA44 UNION BANK OF SWITZERLAND
015 B00AA44 S
015 C01AA44 ZURICH
015 D01AA44 SWITZERLAND
015 D02AA44 8021
015 E04AA44 X
015 A00AA45 CENTRAL TRUST OF CHINA
015 B00AA45 S
015 C01AA45 TAIPEI
015 D01AA45 TAIWAN
015 D02AA45 10006
015 E04AA45 X
015 A00AA46 STANDARD CHARTERED BANK
015 B00AA46 S
015 C01AA46 BANGKOK
015 D01AA46 THAILAND
015 D02AA46 10500
015 E04AA46 X
015 A00AA47 BANQUE PARIBAS
015 B00AA47 S
015 C01AA47 MILAN
015 D01AA47 ITALY
015 E04AA47 X
015 A00AA48 BARCLAYS BANK OF ZIMBABWE LIMITED
015 B00AA48 S
015 C01AA48 HARARE
015 D01AA48 ZIMBABWE
015 E04AA48 X
015 A00AA49 RESERVE BANK INFORMATION & TRANSFER SYSTEM
015 B00AA49 S
015 C01AA49 SYDNEY, NSW
015 D01AA49 AUSTRALIA
015 D02AA49 2000
015 E04AA49 X
015 A00AA50 HONGKONG & SHANGHAI BANKING CORP. LTD.
015 B00AA50 S
<PAGE>      PAGE  8
015 C01AA50 PORT LOUIS
015 D01AA50 MAURITIUS
015 E04AA50 X
015 A00AA51 CITIBANK MEXICO, S.A.
015 B00AA51 S
015 C01AA51 MEXICO CITY
015 D01AA51 MEXICO
015 D02AA51 06695
015 E04AA51 X
015 A00AA52 CESKOSLOVENSKA OBCHODNA BANKA A.S.
015 B00AA52 S
015 C01AA52 BRATISLAVA
015 D01AA52 SLOVAK REPUBLIC
015 D02AA52 812 25
015 E04AA52 X
015 A00AA53 STANDARD BANK SWAZILAND
015 B00AA53 S
015 C01AA53 MBABANE
015 D01AA53 SWAZILAND
015 E04AA53 X
015 A00AA54 CAJA DE VALORES S.A.
015 B00AA54 S
015 C01AA54 BUENOS AIRES
015 D01AA54 ARGENTINA
015 D02AA54 1353
015 E04AA54 X
015 A00AA55 AUSTRACLEAR LTD.
015 B00AA55 S
015 C01AA55 SYDNEY NSW
015 D01AA55 AUSTRALIA
015 D02AA55 2000
015 E04AA55 X
015 A00AA56 OESTERREICHISCHE KONTROLLBANK AG
015 B00AA56 S
015 C01AA56 WIEN VIENNA
015 D01AA56 AUSTRIA
015 D02AA56 1010
015 E04AA56 X
015 A00AA57 CAISSE INTERPRO-DEPOTS-VIREMENTS DE TITRES
015 B00AA57 S
015 C01AA57 BRUSSELS
015 D01AA57 BELGIUM
015 D02AA57 1000
015 E04AA57 X
015 A00AA58 BANCO BOLIVIANO AMERICANO S.A.
015 B00AA58 S
015 C01AA58 LA PAZ
015 D01AA58 BOLIVIA
015 D02AA58 10.013-001
015 E04AA58 X
015 A00AA59 CANADIAN DEPOSITORY FOR SECURITIES LTD- CDS
<PAGE>      PAGE  9
015 B00AA59 S
015 C01AA59 TORONTO
015 D01AA59 CANADA
015 D02AA59 M5H 2C9
015 E04AA59 X
015 A00AA60 SHANGHAI SEC CNTRL CLEARING & RESITRTN-SSCCRC
015 B00AA60 S
015 C01AA60 SHANGHAI
015 D01AA60 CHINA
015 D02AA60 200080
015 E04AA60 X
015 A00AA61 SHENZHEN SECURITIES REGISTRATION CO. LTD
015 B00AA61 S
015 C01AA61 SHENZHEN
015 D01AA61 CHINA
015 E04AA61 X
015 A00AA62 STREDISKO CENNYCH PAPIRU (SCP)
015 B00AA62 S
015 C01AA62 PRAGUE
015 D01AA62 CZECH REPUBLIC
015 D02AA62 11810
015 E04AA62 X
015 A00AA63 VAERDIPAPIRCENTRALEN (VP)
015 B00AA63 S
015 C01AA63 TAASTRUP
015 D01AA63 DENMARK
015 D02AA63 DK-2630
015 E04AA63 X
015 A00AA64 THE FINNISH CENTRAL SECURITIES DEPOSITORY
015 B00AA64 S
015 C01AA64 ESPOO
015 D01AA64 FINLAND
015 E04AA64 X
015 A00AA65 SOCIETE INTERPRO-COMPENSTN-VALRS MBLR-SICOVAM
015 B00AA65 S
015 C01AA65 NOISY LE GRAND CEDEX
015 D01AA65 FRANCE
015 D02AA65 93167
015 E04AA65 X
015 A00AA66 DEUTSCHE BORSE CLEARING AG
015 B00AA66 S
015 C01AA66 FRANKFURT
015 D01AA66 GERMANY
015 D02AA66 D-60313
015 E04AA66 X
015 A00AA67 CENTRAL SECURITIES DEPOSITORY
015 B00AA67 S
015 C01AA67 ATHENS
015 D01AA67 GREECE
015 D02AA67 105 59
015 E04AA67 X
<PAGE>      PAGE  10
015 A00AA68 CENTRAL CLEARING AND SETTLEMENT SYSTEM-CCASS
015 B00AA68 S
015 C01AA68 HONG KONG
015 D01AA68 HONG KONG
015 E04AA68 X
015 A00AA69 CLEARING HOUSE OF THE TEL AVIV STOCK EXCHANGE
015 B00AA69 S
015 C01AA69 TEL AVIV
015 D01AA69 ISRAEL
015 D02AA69 65202
015 E04AA69 X
015 A00AA70 MONTE TITOLI S.P.A.
015 B00AA70 S
015 C01AA70 MILANO
015 D01AA70 ITALY
015 D02AA70 20154
015 E04AA70 X
015 A00AA71 INSTITUTO-DEPOSITO DE VALORES (INDEVAL)
015 B00AA71 S
015 C01AA71 COLONIA
015 D01AA71 MEXICO
015 D02AA71 CP 06500
015 E04AA71 X
015 A00AA72 NDRLNDS-CNTRL INST.-GIRAAL EFFCTVRKR -NECIGEF
015 B00AA72 S
015 C01AA72 AMSTERDAM
015 D01AA72 NETHERLANDS
015 D02AA72 1000
015 E04AA72 X
015 A00AA73 VERDIPAPIRSENTRALEN (VPS)
015 B00AA73 S
015 C01AA73 OSLO
015 D01AA73 NORWAY
015 D02AA73 0501
015 E04AA73 X
015 A00AA74 CAJA DE VALORES (CAVAL)
015 B00AA74 S
015 C01AA74 LIMA
015 D01AA74 PERU
015 E04AA74 X
015 A00AA75 NATIONAL DEPOSITORY OF SECURITIES
015 B00AA75 S
015 C01AA75 WARSAW
015 D01AA75 POLAND
015 D02AA75 00 920
015 E04AA75 X
015 A00AA76 CENTRAL DE VALORES MOBILIARIOS
015 B00AA76 S
015 C01AA76 PORTO
015 D01AA76 PORTUGAL
015 D02AA76 4100
<PAGE>      PAGE  11
015 E04AA76 X
015 A00AA77 CENTRAL DEPOSITORY LTD (CDP)
015 B00AA77 S
015 C01AA77 SINGAPORE
015 D01AA77 SINGAPORE
015 D02AA77 0104
015 E04AA77 X
015 A00AA78 BANCO DE ESPANA, ANOTACIONES EN CUENTA
015 B00AA78 S
015 C01AA78 MADRID
015 D01AA78 SPAIN
015 D02AA78 28014
015 E04AA78 X
015 A00AA79 CENTRAL DEPOSITORY SYSTEM LTD
015 B00AA79 S
015 C01AA79 COLOMBO
015 D01AA79 SRI LANKA
015 D02AA79 1
015 E04AA79 X
015 A00AA80 VARDEPAPPERSCENTRALEN (VPC)
015 B00AA80 S
015 C01AA80 SOLNA
015 D01AA80 SWEDEN
015 E04AA80 X
015 A00AA81 SCHWEIZERISCHE EFFEKTEN-GIRO AG (SEGA)
015 B00AA81 S
015 C01AA81 OLTEN
015 D01AA81 SWITZERLAND
015 D02AA81 CH-4600
015 E04AA81 X
015 A00AA82 TAIWAN SECURITIES CENTRAL DEPOSITORY CO. LTD.
015 B00AA82 S
015 C01AA82 TAIPEI
015 D01AA82 TAIWAN
015 E04AA82 X
015 A00AA83 THAILAND SECURITIES DEPOSITORY COMPANY LTD
015 B00AA83 S
015 C01AA83 BANGKOK
015 D01AA83 THAILAND
015 E04AA83 X
015 A00AA84 CEDEL S.A. EURO-CLEAR
015 B00AA84 S
015 C01AA84 DUCHESSE CHARLOTTE
015 D01AA84 LUXEMBOURG
015 D02AA84 L-1331
015 E04AA84 X
015 A00AA85 KOREA SECURITIES DEPOSITORY (KSD)
015 B00AA85 S
015 C01AA85 SEOUL
015 D01AA85 KOREA
015 E04AA85 X
<PAGE>      PAGE  12
015 A00AA86 SOCIETE GENERALE DE BANQUE EN COTE D'IVOIRE
015 B00AA86 S
015 C01AA86 ABIDJAN
015 D01AA86 IVORY COAST
015 D02AA86 01
015 E04AA86 X
015 A00AA87 NATIONAL BANK OF SLOVAKIA
015 B00AA87 S
015 C01AA87 BRATISLAVA
015 D01AA87 SLOVAK REPUBLIC
015 D02AA87 818 54
015 E04AA87 X
015 A00AA88 CZECH NATIONAL BANK
015 B00AA88 S
015 C01AA88 PRAHA
015 D01AA88 CZECH REPUBLIC
015 D02AA88 110 03
015 E04AA88 X
015 A00AA89 BANQUE NATIONALE DE BELIGIQUE
015 B00AA89 S
015 C01AA89 BRUSSELS
015 D01AA89 BELGIUM
015 D02AA89 1000
015 E04AA89 X
015 A00AA90 THE CENTRAL DEPOSITORY AND CLEARING
015 B00AA90 S
015 C01AA90 BUDAPEST
015 D01AA90 HUNGARY
015 D02AA90 1075
015 E04AA90 X
015 A00AA91 THE DAIWA BANK, LTD
015 B00AA91 S
015 C01AA91 TOKYO
015 D01AA91 JAPAN
015 E04AA91 X
015 A00AA92 JAPAN SECURITIES DEPOSITORY CENTER
015 B00AA92 S
015 C01AA92 TOKYO
015 D01AA92 JAPAN
015 D02AA92 103
015 E04AA92 X
015 A00AA93 MALAYSIAN CENTRAL DEPOSITORY SDN. BHD.
015 B00AA93 S
015 C01AA93 KUALA LUMPUR
015 D01AA93 MALAYSIA
015 D02AA93 50490
015 E04AA93 X
015 A00AA94 CREDIT SUISSE FIRST BOSTON AO
015 B00AA94 S
015 C01AA94 MOSCOW
015 D01AA94 RUSSIA
<PAGE>      PAGE  13
015 D02AA94 103009
015 E04AA94 X
015 A00AA95 COMBANHIA BRASILEIRA DE LIQUIDACAO E CUSTODIA
015 B00AA95 S
015 C01AA95 BRASILIA
015 D01AA95 BRAZIL
015 D02AA95 70.074-900
015 E04AA95 X
015 A00AA96 DELETE
015 A00AA97 CENTRAL BANK OF IRELAND (GILT SETTLEMENT OFF)
015 B00AA97 S
015 C01AA97 DUBLIN
015 D01AA97 IRELAND
015 E04AA97 X
015 A00AA98 THE BRITISH BANK OF THE MIDDLE EAST
015 B00AA98 S
015 C01AA98 MANAMA
015 D01AA98 BAHRAIN
015 E04AA98 X
015 A00AA99 THE BANK OF BERMUDA LIMITED
015 B00AA99 S
015 C01AA99 HAMILTON
015 D01AA99 BERMUDA
015 E04AA99 X
018  00AA00 Y
019 A00AA00 Y
019 B00AA00   40
019 C00AA00 CRMCFNDGRP
020 A000001 MORGAN STANLEY & CO., INC
020 B000001 13-2655998
020 C000001    804
020 A000002 MERRILL LYNCH, PIERCE, FENNER AND SMITH INC
020 B000002 13-5674085
020 C000002    786
020 A000003 PAINEWEBBER INC.
020 B000003 13-2638166
020 C000003    582
020 A000004 DEUTSCHE BANK SECURITIES INC.
020 B000004 13-2730828
020 C000004    496
020 A000005 WARBURG DILLON READ LLC
020 B000005 13-1939216
020 C000005    459
020 A000006 EDWARDS (A.G.) & SONS, INC.
020 B000006 43-0895447
020 C000006    434
020 A000007 JONES (EDWARD D.) AND CO.
020 B000007 43-0345811
020 C000007    421
020 A000008 GOLDMAN, SACHS & CO.
020 B000008 13-5108880
<PAGE>      PAGE  14
020 C000008    398
020 A000009 SALOMON SMITH BARNEY INC.
020 B000009 13-1912900
020 C000009    394
020 A000010 JEFFERIES & COMPANY, INC.
020 B000010 95-2622900
020 C000010    341
021  000000    13241
022 A000001 GENERAL ELECTRIC CAPITAL SERVICES, INC.
022 B000001 06-1109503
022 C000001   8358707
022 D000001         0
022 A000002 GOLDMAN, SACHS & CO.
022 B000002 13-5108880
022 C000002   4339154
022 D000002    405047
022 A000003 LEHMAN BROTHERS INC.
022 B000003 13-2518466
022 C000003   2458461
022 D000003    527450
022 A000004 ASSOCIATES CORP. OF NORTH AMERICA
022 B000004 74-1494554
022 C000004   2774874
022 D000004         0
022 A000005 MERRILL LYNCH, PIERCE, FENNER & SMITH INC.
022 B000005 13-5674085
022 C000005   2269522
022 D000005    240365
022 A000006 MORGAN STANLEY & CO., INC.
022 B000006 13-2655998
022 C000006   1154596
022 D000006    432275
022 A000007 CS FIRST BOSTON CORP.
022 B000007 13-5659485
022 C000007   1096590
022 D000007    467252
022 A000008 FIRST NATIONAL BANK OF CHICAGO
022 B000008 36-0899825
022 C000008    868497
022 D000008     61459
022 A000009 MORGAN (J.P.) SECURITIES INC.
022 B000009 13-3224016
022 C000009    720769
022 D000009     74372
022 A000010 SALOMON SMITH BARNEY INC.
022 B000010 13-1912900
022 C000010    299780
022 D000010    437745
023 C000000   28430719
023 D000000    3479813
026 A000000 Y
<PAGE>      PAGE  15
026 B000000 Y
026 C000000 N
026 D000000 Y
026 E000000 N
026 F000000 N
026 G010000 N
026 G020000 N
026 H000000 N
027  000000 Y
031 A00AA00      0
031 B00AA00      0
032  00AA00      0
033  00AA00      0
034  00AA00 N
035  00AA00      0
036 B00AA00      0
037  00AA00 N
038  00AA00      0
039  00AA00 N
040  00AA00 Y
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<PAGE>      PAGE  16
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<PAGE>      PAGE  17
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<PAGE>      PAGE  19
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<PAGE>      PAGE  20
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<PAGE>      PAGE  23
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<PAGE>      PAGE  24
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<PAGE>      PAGE  26
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<PAGE>      PAGE  27
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<PAGE>      PAGE  28
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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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<PAGE>      PAGE  33
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<PAGE>      PAGE  34
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<PAGE>      PAGE  36
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068 B000900 Y
069  000900 N
070 A010900 Y
070 A020900 N
070 B010900 N
070 B020900 N
070 C010900 N
070 C020900 N
070 D010900 N
070 D020900 N
070 E010900 N
070 E020900 N
070 F010900 N
070 F020900 N
070 G010900 N
070 G020900 N
070 H010900 N
070 H020900 N
070 I010900 N
070 I020900 N
070 J010900 Y
070 J020900 Y
070 K010900 N
070 K020900 N
070 L010900 Y
070 L020900 Y
070 M010900 Y
070 M020900 Y
070 N010900 Y
070 N020900 N
070 O010900 N
070 O020900 N
070 P010900 Y
070 P020900 N
070 Q010900 N
070 Q020900 N
070 R010900 N
070 R020900 N
071 A000900    121673
071 B000900     48490
071 C000900    167473
<PAGE>      PAGE  53
071 D000900   29
072 A000900 12
072 B000900     1510
072 C000900     2147
072 D000900        0
072 E000900        0
072 F000900     1341
072 G000900        0
072 H000900        0
072 I000900        0
072 J000900       61
072 K000900        2
072 L000900        6
072 M000900        2
072 N000900       38
072 O000900        3
072 P000900        0
072 Q000900        0
072 R000900        2
072 S000900        0
072 T000900      217
072 U000900        0
072 V000900        0
072 W000900        5
072 X000900     1677
072 Y000900        0
072 Z000900     1980
072AA000900     9087
072BB000900        0
072CC010900    26951
072CC020900        0
072DD010900     1226
072DD020900      766
072EE000900      277
073 A010900   0.1360
073 A020900   0.1060
073 B000900   0.0220
073 C000900   0.0000
074 A000900       78
074 B000900        0
074 C000900    33722
074 D000900        0
074 E000900        0
074 F000900   220208
074 G000900        0
074 H000900        0
074 I000900        0
074 J000900     3233
074 K000900        0
074 L000900      249
074 M000900        0
<PAGE>      PAGE  54
074 N000900   257490
074 O000900     2010
074 P000900      139
074 Q000900        0
074 R010900        0
074 R020900        0
074 R030900        0
074 R040900       39
074 S000900        0
074 T000900   255302
074 U010900 10111982
074 U020900  9496959
074 V010900    13.02
074 V020900    13.02
074 W000900   0.0000
074 X000900       12
074 Y000900        0
075 A000900        0
075 B000900   199401
076  000900     0.00
024  001000 N
025 D001001       0
025 D001002       0
025 D001003       0
025 D001004       0
025 D001005       0
025 D001006       0
025 D001007       0
025 D001008       0
028 A011000     11053
028 A021000        72
028 A031000         0
028 A041000         2
028 B011000      5816
028 B021000         0
028 B031000         0
028 B041000       301
028 C011000      2957
028 C021000         0
028 C031000         0
028 C041000       692
028 D011000      1831
028 D021000       122
028 D031000         0
028 D041000       806
028 E011000      2989
028 E021000         0
028 E031000         0
028 E041000       931
028 F011000      2133
028 F021000         0
<PAGE>      PAGE  55
028 F031000         0
028 F041000       142
028 G011000     26779
028 G021000       194
028 G031000         0
028 G041000      2874
028 H001000         0
045  001000 Y
048  001000  0.000
048 A011000      600
048 A021000 0.800
048 B011000        0
048 B021000 0.000
048 C011000        0
048 C021000 0.000
048 D011000        0
048 D021000 0.000
048 E011000        0
048 E021000 0.000
048 F011000        0
048 F021000 0.000
048 G011000        0
048 G021000 0.000
048 H011000        0
048 H021000 0.000
048 I011000        0
048 I021000 0.000
048 J011000        0
048 J021000 0.000
048 K011000      600
048 K021000 0.740
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
063 A001000   0
063 B001000  0.0
<PAGE>      PAGE  56
066 A001000 Y
066 D001000 Y
070 A011000 Y
070 A021000 N
070 B011000 N
070 B021000 N
070 C011000 N
070 C021000 N
070 D011000 N
070 D021000 N
070 E011000 N
070 E021000 N
070 F011000 N
070 F021000 N
070 G011000 N
070 G021000 N
070 H011000 N
070 H021000 N
070 I011000 N
070 I021000 N
070 J011000 Y
070 J021000 Y
070 K011000 Y
070 K021000 N
070 L011000 Y
070 L021000 Y
070 M011000 Y
070 M021000 Y
070 N011000 Y
070 N021000 N
070 O011000 N
070 O021000 N
070 P011000 Y
070 P021000 N
070 Q011000 N
070 Q021000 N
070 R011000 N
070 R021000 N
071 A001000     70231
071 B001000     10644
071 C001000     37747
071 D001000   28
072 A001000  7
072 B001000      425
072 C001000      249
072 D001000        0
072 E001000        0
072 F001000      240
072 G001000        0
072 H001000        0
072 I001000        0
<PAGE>      PAGE  57
072 J001000        7
072 K001000        1
072 L001000        1
072 M001000        0
072 N001000        2
072 O001000        0
072 P001000        0
072 Q001000        0
072 R001000        0
072 S001000        0
072 T001000       13
072 U001000        0
072 V001000        0
072 W001000        1
072 X001000      265
072 Y001000        0
072 Z001000      409
072AA001000      925
072BB001000        0
072CC011000        0
072CC021000     3708
072DD011000      194
072DD021000       36
072EE001000        0
073 A011000   0.0380
073 A021000   0.0310
073 B001000   0.0000
073 C001000   0.0000
074 A001000        7
074 B001000        0
074 C001000    16910
074 D001000        0
074 E001000        0
074 F001000    56802
074 G001000        0
074 H001000        0
074 I001000        0
074 J001000       29
074 K001000        0
074 L001000      166
074 M001000        0
074 N001000    73914
074 O001000     1618
074 P001000       46
074 Q001000        0
074 R011000        0
074 R021000        0
074 R031000        0
074 R041000        8
074 S001000        0
074 T001000    72242
<PAGE>      PAGE  58
074 U011000     6019
074 U021000     1912
074 V011000     9.11
074 V021000     9.10
074 W001000   0.0000
074 X001000       12
074 Y001000        0
075 A001000        0
075 B001000    49888
076  001000     0.00
074 O001100        0
074 P001100        0
074 Q001100        0
074 R011100        0
074 R021100        0
074 R031100        0
074 R041100        0
074 S001100        0
074 T001100        0
074 U011100        0
074 U021100        0
074 V011100     0.00
074 V021100     0.00
074 W001100   0.0000
074 X001100        0
074 Y001100        0
075 A001100        0
075 B001100        0
076  001100     0.00
028 A011200      3823
028 A021200        10
028 A031200         0
028 A041200         0
028 B011200      3634
028 B021200         0
028 B031200         0
028 B041200         0
028 C011200      2037
028 C021200         0
028 C031200         0
028 C041200        22
028 D011200      1824
028 D021200        26
028 D031200         0
028 D041200        19
028 E011200      1472
028 E021200         0
028 E031200         0
028 E041200        21
028 F011200      1598
028 F021200         0
<PAGE>      PAGE  59
028 F031200         0
028 F041200         0
028 G011200     14388
028 G021200        36
028 G031200         0
028 G041200        62
028 H001200         0
030 A001200      0
030 B001200  0.00
030 C001200  0.00
030 A001400      0
030 B001400  0.00
030 C001400  0.00
SIGNATURE   CHAD L. NORTON                               
TITLE       SECRETARY           
 

WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.

<TABLE> <S> <C>

<ARTICLE> 6
<SERIES>
   <NUMBER> 26
   <NAME> THE GROWTH-INCOME FUND CLASS 1
<MULTIPLIER> 1,000
       
<S>                             <C>
<PERIOD-TYPE>                   YEAR
<FISCAL-YEAR-END>                          NOV-30-1998
<PERIOD-START>                             DEC-01-1997
<PERIOD-END>                               NOV-30-1998
<INVESTMENTS-AT-COST>                        5,798,153
<INVESTMENTS-AT-VALUE>                       7,264,400
<RECEIVABLES>                                   29,160
<ASSETS-OTHER>                                     382
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                               7,293,942
<PAYABLE-FOR-SECURITIES>                        21,270
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                        4,955
<TOTAL-LIABILITIES>                             26,225
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                     4,705,764
<SHARES-COMMON-STOCK>                      164,600,954
<SHARES-COMMON-PRIOR>                      160,872,178
<ACCUMULATED-NII-CURRENT>                       28,393
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                      1,067,309
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                     1,466,247
<NET-ASSETS>                                 7,267,717
<DIVIDEND-INCOME>                              101,871
<INTEREST-INCOME>                               44,403
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                  26,445
<NET-INVESTMENT-INCOME>                        119,829
<REALIZED-GAINS-CURRENT>                     1,068,839
<APPREC-INCREASE-CURRENT>                    (236,509)
<NET-CHANGE-FROM-OPS>                          952,159
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                      115,861
<DISTRIBUTIONS-OF-GAINS>                       633,062
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                      2,066,094
<NUMBER-OF-SHARES-REDEEMED>                 18,531,056
<SHARES-REINVESTED>                         20,193,738
<NET-CHANGE-IN-ASSETS>                         680,707
<ACCUMULATED-NII-PRIOR>                         29,653
<ACCUMULATED-GAINS-PRIOR>                      631,524
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                           24,542
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                 26,445
<AVERAGE-NET-ASSETS>                         7,028,500
<PER-SHARE-NAV-BEGIN>                            39.97
<PER-SHARE-NII>                                    .67
<PER-SHARE-GAIN-APPREC>                           4.60
<PER-SHARE-DIVIDEND>                               .68
<PER-SHARE-DISTRIBUTIONS>                         3.83
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              40.73
<EXPENSE-RATIO>                                   .004
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        

</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<SERIES>
   <NUMBER> 26
   <NAME> THE GROWTH-INCOME FUND CLASS 2
<MULTIPLIER> 1,000
       
<S>                             <C>
<PERIOD-TYPE>                   YEAR
<FISCAL-YEAR-END>                          NOV-30-1998
<PERIOD-START>                             DEC-01-1997
<PERIOD-END>                               NOV-30-1998
<INVESTMENTS-AT-COST>                        5,798,153
<INVESTMENTS-AT-VALUE>                       7,264,400
<RECEIVABLES>                                   29,160
<ASSETS-OTHER>                                     382
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                               7,293,942
<PAYABLE-FOR-SECURITIES>                        21,270
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                        4,955
<TOTAL-LIABILITIES>                             26,225
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                     4,705,764
<SHARES-COMMON-STOCK>                       13,852,224
<SHARES-COMMON-PRIOR>                        3,935,910
<ACCUMULATED-NII-CURRENT>                       28,393
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                      1,067,309
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                     1,466,247
<NET-ASSETS>                                 7,267,717
<DIVIDEND-INCOME>                              101,871
<INTEREST-INCOME>                               44,403
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                  26,445
<NET-INVESTMENT-INCOME>                        119,829
<REALIZED-GAINS-CURRENT>                     1,068,839
<APPREC-INCREASE-CURRENT>                    (236,509)
<NET-CHANGE-FROM-OPS>                          952,159
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                        5,220
<DISTRIBUTIONS-OF-GAINS>                       633,062
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                      9,296,520
<NUMBER-OF-SHARES-REDEEMED>                     23,804
<SHARES-REINVESTED>                            643,598
<NET-CHANGE-IN-ASSETS>                         680,707
<ACCUMULATED-NII-PRIOR>                         29,653
<ACCUMULATED-GAINS-PRIOR>                      631,524
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                           24,542
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                 26,445
<AVERAGE-NET-ASSETS>                         7,028,500
<PER-SHARE-NAV-BEGIN>                            39.94
<PER-SHARE-NII>                                    .58
<PER-SHARE-GAIN-APPREC>                           4.60
<PER-SHARE-DIVIDEND>                               .59
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<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              40.70
<EXPENSE-RATIO>                                   .006
<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> 27
   <NAME> THE GROWTH FUND CLASS 1
<MULTIPLIER> 1,000
       
<S>                             <C>
<PERIOD-TYPE>                   YEAR
<FISCAL-YEAR-END>                          NOV-30-1998
<PERIOD-START>                             DEC-01-1997
<PERIOD-END>                               NOV-30-1998
<INVESTMENTS-AT-COST>                        4,026,891
<INVESTMENTS-AT-VALUE>                       5,651,380
<RECEIVABLES>                                   20,082
<ASSETS-OTHER>                                      31
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                               5,672,213
<PAYABLE-FOR-SECURITIES>                        43,658
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                        5,447
<TOTAL-LIABILITIES>                             49,105
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                     3,164,137
<SHARES-COMMON-STOCK>                       96,747,129
<SHARES-COMMON-PRIOR>                       93,190,502
<ACCUMULATED-NII-CURRENT>                        7,091
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                        827,391
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                     1,624,489
<NET-ASSETS>                                 5,623,108
<DIVIDEND-INCOME>                               17,697
<INTEREST-INCOME>                               23,289
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                  21,627
<NET-INVESTMENT-INCOME>                         19,359
<REALIZED-GAINS-CURRENT>                       847,243
<APPREC-INCREASE-CURRENT>                      296,599
<NET-CHANGE-FROM-OPS>                        1,163,201
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                       16,761
<DISTRIBUTIONS-OF-GAINS>                       580,855
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                      2,196,906
<NUMBER-OF-SHARES-REDEEMED>                 11,951,567
<SHARES-REINVESTED>                         13,311,288
<NET-CHANGE-IN-ASSETS>                         877,725
<ACCUMULATED-NII-PRIOR>                          4,612
<ACCUMULATED-GAINS-PRIOR>                      561,009
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                           20,494
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                 21,627
<AVERAGE-NET-ASSETS>                         5,186,991
<PER-SHARE-NAV-BEGIN>                            50.12
<PER-SHARE-NII>                                    .19
<PER-SHARE-GAIN-APPREC>                          10.91
<PER-SHARE-DIVIDEND>                               .17
<PER-SHARE-DISTRIBUTIONS>                         6.14
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              54.91
<EXPENSE-RATIO>                                   .004
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        

</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<SERIES>
   <NUMBER> 27
   <NAME> THE GROWTH FUND CLASS 2
<MULTIPLIER> 1,000
       
<S>                             <C>
<PERIOD-TYPE>                   YEAR
<FISCAL-YEAR-END>                          NOV-30-1998
<PERIOD-START>                             DEC-01-1997
<PERIOD-END>                               NOV-30-1998
<INVESTMENTS-AT-COST>                        4,026,891
<INVESTMENTS-AT-VALUE>                       5,651,380
<RECEIVABLES>                                   20,082
<ASSETS-OTHER>                                      31
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                               5,672,213
<PAYABLE-FOR-SECURITIES>                        43,658
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                        5,447
<TOTAL-LIABILITIES>                             49,105
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                     3,164,137
<SHARES-COMMON-STOCK>                        5,657,846
<SHARES-COMMON-PRIOR>                        1,489,554
<ACCUMULATED-NII-CURRENT>                        7,091
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                        827,391
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                     1,624,489
<NET-ASSETS>                                 5,623,108
<DIVIDEND-INCOME>                               17,697
<INTEREST-INCOME>                               23,289
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                  21,627
<NET-INVESTMENT-INCOME>                         19,359
<REALIZED-GAINS-CURRENT>                       847,243
<APPREC-INCREASE-CURRENT>                      296,599
<NET-CHANGE-FROM-OPS>                        1,163,201
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                          125
<DISTRIBUTIONS-OF-GAINS>                       580,855
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                      3,926,116
<NUMBER-OF-SHARES-REDEEMED>                     10,179
<SHARES-REINVESTED>                            252,355
<NET-CHANGE-IN-ASSETS>                         877,725
<ACCUMULATED-NII-PRIOR>                          4,612
<ACCUMULATED-GAINS-PRIOR>                      561,009
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                           20,494
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                 21,627
<AVERAGE-NET-ASSETS>                         5,186,991
<PER-SHARE-NAV-BEGIN>                            50.09
<PER-SHARE-NII>                                    .08
<PER-SHARE-GAIN-APPREC>                          10.90
<PER-SHARE-DIVIDEND>                               .05
<PER-SHARE-DISTRIBUTIONS>                         6.14
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              54.88
<EXPENSE-RATIO>                                   .007
<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> 28
   <NAME> THE HIGH-YIELD BOND FUND CLASS 1
<MULTIPLIER> 1,000
       
<S>                             <C>
<PERIOD-TYPE>                   YEAR
<FISCAL-YEAR-END>                          NOV-30-1998
<PERIOD-START>                             DEC-01-1997
<PERIOD-END>                               NOV-30-1998
<INVESTMENTS-AT-COST>                          808,351
<INVESTMENTS-AT-VALUE>                         768,916
<RECEIVABLES>                                   14,796
<ASSETS-OTHER>                                      30
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                                 783,742
<PAYABLE-FOR-SECURITIES>                         1,065
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                          375
<TOTAL-LIABILITIES>                              1,440
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                       797,143
<SHARES-COMMON-STOCK>                       51,917,114
<SHARES-COMMON-PRIOR>                       51,175,562
<ACCUMULATED-NII-CURRENT>                       17,744
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                          6,826
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                      (39,411)
<NET-ASSETS>                                   782,302
<DIVIDEND-INCOME>                                2,097
<INTEREST-INCOME>                               72,491
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                   4,269
<NET-INVESTMENT-INCOME>                         70,319
<REALIZED-GAINS-CURRENT>                         6,948
<APPREC-INCREASE-CURRENT>                     (66,774)
<NET-CHANGE-FROM-OPS>                           10,493
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                       65,776
<DISTRIBUTIONS-OF-GAINS>                         8,320
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                      3,143,506
<NUMBER-OF-SHARES-REDEEMED>                  7,540,786
<SHARES-REINVESTED>                          5,138,832
<NET-CHANGE-IN-ASSETS>                         (3,756)
<ACCUMULATED-NII-PRIOR>                         17,389
<ACCUMULATED-GAINS-PRIOR>                      (7,736)
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                            4,018
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                  4,269
<AVERAGE-NET-ASSETS>                           812,408
<PER-SHARE-NAV-BEGIN>                            14.96
<PER-SHARE-NII>                                   1.26
<PER-SHARE-GAIN-APPREC>                         (1.04)
<PER-SHARE-DIVIDEND>                              1.25
<PER-SHARE-DISTRIBUTIONS>                          .16
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              13.77
<EXPENSE-RATIO>                                   .005
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        

</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<SERIES>
   <NUMBER> 28
   <NAME> THE HIGH-YIELD BOND FUND CLASS 2
<MULTIPLIER> 1,000
       
<S>                             <C>
<PERIOD-TYPE>                   YEAR
<FISCAL-YEAR-END>                          NOV-30-1998
<PERIOD-START>                             DEC-01-1997
<PERIOD-END>                               NOV-30-1998
<INVESTMENTS-AT-COST>                          808,351
<INVESTMENTS-AT-VALUE>                         768,916
<RECEIVABLES>                                   14,796
<ASSETS-OTHER>                                      30
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                                 783,742
<PAYABLE-FOR-SECURITIES>                         1,065
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                          375
<TOTAL-LIABILITIES>                              1,440
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                       797,143
<SHARES-COMMON-STOCK>                        4,918,329
<SHARES-COMMON-PRIOR>                        1,381,229
<ACCUMULATED-NII-CURRENT>                       17,744
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                          6,826
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                      (39,411)
<NET-ASSETS>                                   782,302
<DIVIDEND-INCOME>                                2,097
<INTEREST-INCOME>                               72,491
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                   4,269
<NET-INVESTMENT-INCOME>                         70,319
<REALIZED-GAINS-CURRENT>                         6,948
<APPREC-INCREASE-CURRENT>                     (66,774)
<NET-CHANGE-FROM-OPS>                           10,493
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                        3,726
<DISTRIBUTIONS-OF-GAINS>                         8,320
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                      3,361,669
<NUMBER-OF-SHARES-REDEEMED>                    105,506
<SHARES-REINVESTED>                            280,397
<NET-CHANGE-IN-ASSETS>                         (3,756)
<ACCUMULATED-NII-PRIOR>                         17,389
<ACCUMULATED-GAINS-PRIOR>                      (7,736)
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                            4,018
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                  4,269
<AVERAGE-NET-ASSETS>                           812,408
<PER-SHARE-NAV-BEGIN>                            14.95
<PER-SHARE-NII>                                   1.25
<PER-SHARE-GAIN-APPREC>                         (1.06)
<PER-SHARE-DIVIDEND>                              1.22
<PER-SHARE-DISTRIBUTIONS>                          .16
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              13.76
<EXPENSE-RATIO>                                   .008
<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> 29
   <NAME> THE CASH MANAGEMENT FUND CLASS 1
<MULTIPLIER> 1,000
       
<S>                             <C>
<PERIOD-TYPE>                   YEAR
<FISCAL-YEAR-END>                          NOV-30-1998
<PERIOD-START>                             DEC-01-1997
<PERIOD-END>                               NOV-30-1998
<INVESTMENTS-AT-COST>                          284,117
<INVESTMENTS-AT-VALUE>                         284,117
<RECEIVABLES>                                      695
<ASSETS-OTHER>                                      30
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                                 284,842
<PAYABLE-FOR-SECURITIES>                             0
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                        1,326
<TOTAL-LIABILITIES>                              1,326
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                       254,071
<SHARES-COMMON-STOCK>                       22,406,554
<SHARES-COMMON-PRIOR>                       20,316,468
<ACCUMULATED-NII-CURRENT>                        3,971
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                              1
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                             0
<NET-ASSETS>                                   283,516
<DIVIDEND-INCOME>                                    0
<INTEREST-INCOME>                               14,295
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                   1,250
<NET-INVESTMENT-INCOME>                         13,045
<REALIZED-GAINS-CURRENT>                             1
<APPREC-INCREASE-CURRENT>                            0
<NET-CHANGE-FROM-OPS>                           13,046
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                       11,431
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                     24,352,691
<NUMBER-OF-SHARES-REDEEMED>                 23,299,957
<SHARES-REINVESTED>                          1,037,352
<NET-CHANGE-IN-ASSETS>                          43,641
<ACCUMULATED-NII-PRIOR>                          3,341
<ACCUMULATED-GAINS-PRIOR>                            0
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                            1,164
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                  1,250
<AVERAGE-NET-ASSETS>                           258,755
<PER-SHARE-NAV-BEGIN>                            11.13
<PER-SHARE-NII>                                    .57
<PER-SHARE-GAIN-APPREC>                          (.01)
<PER-SHARE-DIVIDEND>                               .56
<PER-SHARE-DISTRIBUTIONS>                            0
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              11.13
<EXPENSE-RATIO>                                   .005
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        

</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<SERIES>
   <NUMBER> 29
   <NAME> THE CASH MANAGEMENT FUND CLASS 2
<MULTIPLIER> 1,000
       
<S>                             <C>
<PERIOD-TYPE>                   YEAR
<FISCAL-YEAR-END>                          NOV-30-1998
<PERIOD-START>                             DEC-01-1997
<PERIOD-END>                               NOV-30-1998
<INVESTMENTS-AT-COST>                          284,117
<INVESTMENTS-AT-VALUE>                         284,117
<RECEIVABLES>                                      695
<ASSETS-OTHER>                                      30
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                                 284,842
<PAYABLE-FOR-SECURITIES>                             0
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                        1,326
<TOTAL-LIABILITIES>                              1,326
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                       254,071
<SHARES-COMMON-STOCK>                        3,066,851
<SHARES-COMMON-PRIOR>                        1,243,706
<ACCUMULATED-NII-CURRENT>                        3,971
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                              1
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                             0
<NET-ASSETS>                                   283,516
<DIVIDEND-INCOME>                                    0
<INTEREST-INCOME>                               14,295
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                   1,250
<NET-INVESTMENT-INCOME>                         13,045
<REALIZED-GAINS-CURRENT>                             1
<APPREC-INCREASE-CURRENT>                            0
<NET-CHANGE-FROM-OPS>                           13,046
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                          984
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                      3,700,810
<NUMBER-OF-SHARES-REDEEMED>                  1,966,921
<SHARES-REINVESTED>                             89,256
<NET-CHANGE-IN-ASSETS>                          43,641
<ACCUMULATED-NII-PRIOR>                          3,341
<ACCUMULATED-GAINS-PRIOR>                            0
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                            1,164
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                  1,250
<AVERAGE-NET-ASSETS>                           258,755
<PER-SHARE-NAV-BEGIN>                            11.12
<PER-SHARE-NII>                                    .55
<PER-SHARE-GAIN-APPREC>                          (.02)
<PER-SHARE-DIVIDEND>                               .53
<PER-SHARE-DISTRIBUTIONS>                            0
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              11.12
<EXPENSE-RATIO>                                   .007
<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> 30
   <NAME> THE U.S. GOVERNMENT/AAA-RATED SECURITIES FUND CLASS 1
<MULTIPLIER> 1,000
       
<S>                             <C>
<PERIOD-TYPE>                   YEAR
<FISCAL-YEAR-END>                          NOV-30-1998
<PERIOD-START>                             DEC-01-1997
<PERIOD-END>                               NOV-30-1998
<INVESTMENTS-AT-COST>                          577,503
<INVESTMENTS-AT-VALUE>                         593,048
<RECEIVABLES>                                    6,654
<ASSETS-OTHER>                                      26
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                                 599,728
<PAYABLE-FOR-SECURITIES>                        30,162
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                          737
<TOTAL-LIABILITIES>                             30,899
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                       561,005
<SHARES-COMMON-STOCK>                       46,973,661
<SHARES-COMMON-PRIOR>                       42,109,994
<ACCUMULATED-NII-CURRENT>                        7,936
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                       (15,657)
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                        15,545
<NET-ASSETS>                                   568,829
<DIVIDEND-INCOME>                                    0
<INTEREST-INCOME>                               33,531
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                   2,646
<NET-INVESTMENT-INCOME>                         30,885
<REALIZED-GAINS-CURRENT>                         4,748
<APPREC-INCREASE-CURRENT>                        5,763
<NET-CHANGE-FROM-OPS>                           41,396
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                       29,472
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                      8,582,116
<NUMBER-OF-SHARES-REDEEMED>                  6,349,283
<SHARES-REINVESTED>                          2,630,834
<NET-CHANGE-IN-ASSETS>                          91,180
<ACCUMULATED-NII-PRIOR>                          7,461
<ACCUMULATED-GAINS-PRIOR>                     (20,405)
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                            2,553
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                  2,646
<AVERAGE-NET-ASSETS>                           506,302
<PER-SHARE-NAV-BEGIN>                            11.18
<PER-SHARE-NII>                                    .68
<PER-SHARE-GAIN-APPREC>                            .26
<PER-SHARE-DIVIDEND>                               .69
<PER-SHARE-DISTRIBUTIONS>                            0
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              11.43
<EXPENSE-RATIO>                                   .005
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        

</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<SERIES>
   <NUMBER> 30
   <NAME> THE U.S. GOVERNMENT/AAA-RATED SECURITIES FUND CLASS 2
<MULTIPLIER> 1,000
       
<S>                             <C>
<PERIOD-TYPE>                   YEAR
<FISCAL-YEAR-END>                          NOV-30-1998
<PERIOD-START>                             DEC-01-1997
<PERIOD-END>                               NOV-30-1998
<INVESTMENTS-AT-COST>                          577,503
<INVESTMENTS-AT-VALUE>                         593,048
<RECEIVABLES>                                    6,654
<ASSETS-OTHER>                                      26
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                                 599,728
<PAYABLE-FOR-SECURITIES>                        30,162
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                          737
<TOTAL-LIABILITIES>                             30,899
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                       561,005
<SHARES-COMMON-STOCK>                        2,804,954
<SHARES-COMMON-PRIOR>                          628,985
<ACCUMULATED-NII-CURRENT>                        7,936
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                       (15,657)
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                        15,545
<NET-ASSETS>                                   568,829
<DIVIDEND-INCOME>                                    0
<INTEREST-INCOME>                               33,531
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                   2,646
<NET-INVESTMENT-INCOME>                         30,885
<REALIZED-GAINS-CURRENT>                         4,748
<APPREC-INCREASE-CURRENT>                        5,763
<NET-CHANGE-FROM-OPS>                           41,396
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                          938
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                      2,379,800
<NUMBER-OF-SHARES-REDEEMED>                    287,245
<SHARES-REINVESTED>                             83,414
<NET-CHANGE-IN-ASSETS>                          91,180
<ACCUMULATED-NII-PRIOR>                          7,461
<ACCUMULATED-GAINS-PRIOR>                     (20,405)
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                            2,553
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                  2,646
<AVERAGE-NET-ASSETS>                           506,302
<PER-SHARE-NAV-BEGIN>                            11.17
<PER-SHARE-NII>                                    .68
<PER-SHARE-GAIN-APPREC>                            .24
<PER-SHARE-DIVIDEND>                               .67
<PER-SHARE-DISTRIBUTIONS>                            0
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              11.42
<EXPENSE-RATIO>                                   .008
<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> 70
   <NAME> THE ASSET ALLOCATION FUND CLASS 1
<MULTIPLIER> 1,000
       
<S>                             <C>
<PERIOD-TYPE>                   YEAR
<FISCAL-YEAR-END>                          NOV-30-1998
<PERIOD-START>                             DEC-01-1997
<PERIOD-END>                               NOV-30-1998
<INVESTMENTS-AT-COST>                        1,386,280
<INVESTMENTS-AT-VALUE>                       1,664,150
<RECEIVABLES>                                   10,306
<ASSETS-OTHER>                                      85
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                               1,674,541
<PAYABLE-FOR-SECURITIES>                         3,268
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                          662
<TOTAL-LIABILITIES>                              3,930
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                     1,262,567
<SHARES-COMMON-STOCK>                       90,363,732
<SHARES-COMMON-PRIOR>                       86,209,608
<ACCUMULATED-NII-CURRENT>                       14,723
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                        115,451
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                       277,870
<NET-ASSETS>                                 1,670,611
<DIVIDEND-INCOME>                               19,125
<INTEREST-INCOME>                               45,430
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                   7,427
<NET-INVESTMENT-INCOME>                         57,128
<REALIZED-GAINS-CURRENT>                       115,877
<APPREC-INCREASE-CURRENT>                        6,383
<NET-CHANGE-FROM-OPS>                          179,388
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                       51,238
<DISTRIBUTIONS-OF-GAINS>                        78,277
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                      3,472,672
<NUMBER-OF-SHARES-REDEEMED>                  7,525,015
<SHARES-REINVESTED>                          8,206,467
<NET-CHANGE-IN-ASSETS>                         235,629
<ACCUMULATED-NII-PRIOR>                         12,170
<ACCUMULATED-GAINS-PRIOR>                       77,850
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                            6,916
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                  7,427
<AVERAGE-NET-ASSETS>                         1,580,974
<PER-SHARE-NAV-BEGIN>                            16.16
<PER-SHARE-NII>                                    .58
<PER-SHARE-GAIN-APPREC>                           1.27
<PER-SHARE-DIVIDEND>                               .57
<PER-SHARE-DISTRIBUTIONS>                          .87
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              16.57
<EXPENSE-RATIO>                                   .005
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        

</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<SERIES>
   <NUMBER> 70
   <NAME> THE ASSET ALLOCATION FUND CLASS 2
<MULTIPLIER> 1,000
       
<S>                             <C>
<PERIOD-TYPE>                   YEAR
<FISCAL-YEAR-END>                          NOV-30-1998
<PERIOD-START>                             DEC-01-1997
<PERIOD-END>                               NOV-30-1998
<INVESTMENTS-AT-COST>                        1,386,280
<INVESTMENTS-AT-VALUE>                       1,664,150
<RECEIVABLES>                                   10,306
<ASSETS-OTHER>                                      85
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                               1,674,541
<PAYABLE-FOR-SECURITIES>                         3,268
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                          662
<TOTAL-LIABILITIES>                              3,930
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                     1,262,567
<SHARES-COMMON-STOCK>                       10,460,667
<SHARES-COMMON-PRIOR>                        2,573,220
<ACCUMULATED-NII-CURRENT>                       14,723
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                        115,451
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                       277,870
<NET-ASSETS>                                 1,670,611
<DIVIDEND-INCOME>                               19,125
<INTEREST-INCOME>                               45,430
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                   7,427
<NET-INVESTMENT-INCOME>                         57,128
<REALIZED-GAINS-CURRENT>                       115,877
<APPREC-INCREASE-CURRENT>                        6,383
<NET-CHANGE-FROM-OPS>                          179,388
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                        3,336
<DISTRIBUTIONS-OF-GAINS>                        78,277
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                      7,514,429
<NUMBER-OF-SHARES-REDEEMED>                     12,673
<SHARES-REINVESTED>                            385,691
<NET-CHANGE-IN-ASSETS>                         235,629
<ACCUMULATED-NII-PRIOR>                         12,170
<ACCUMULATED-GAINS-PRIOR>                       77,850
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                            6,916
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                  7,427
<AVERAGE-NET-ASSETS>                         1,580,974
<PER-SHARE-NAV-BEGIN>                            16.15
<PER-SHARE-NII>                                    .53
<PER-SHARE-GAIN-APPREC>                           1.28
<PER-SHARE-DIVIDEND>                               .53
<PER-SHARE-DISTRIBUTIONS>                          .87
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              16.56
<EXPENSE-RATIO>                                   .007
<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> 71
   <NAME> THE INTERNATIONAL FUND CLASS 1
<MULTIPLIER> 1,000
       
<S>                             <C>
<PERIOD-TYPE>                   YEAR
<FISCAL-YEAR-END>                          NOV-30-1998
<PERIOD-START>                             DEC-01-1997
<PERIOD-END>                               NOV-30-1998
<INVESTMENTS-AT-COST>                        2,112,182
<INVESTMENTS-AT-VALUE>                       2,726,885
<RECEIVABLES>                                   11,174
<ASSETS-OTHER>                                     295
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                               2,738,354
<PAYABLE-FOR-SECURITIES>                        15,322
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                        4,319
<TOTAL-LIABILITIES>                             19,641
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                     2,053,868
<SHARES-COMMON-STOCK>                      156,465,710
<SHARES-COMMON-PRIOR>                      162,594,756
<ACCUMULATED-NII-CURRENT>                            0
<OVERDISTRIBUTION-NII>                             375
<ACCUMULATED-NET-GAINS>                         50,374
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                       614,846
<NET-ASSETS>                                 2,718,713
<DIVIDEND-INCOME>                               45,118
<INTEREST-INCOME>                               10,544
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                  18,431
<NET-INVESTMENT-INCOME>                         37,231
<REALIZED-GAINS-CURRENT>                        47,635
<APPREC-INCREASE-CURRENT>                      335,472
<NET-CHANGE-FROM-OPS>                          420,338
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                       45,333
<DISTRIBUTIONS-OF-GAINS>                       272,318
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                      2,567,211
<NUMBER-OF-SHARES-REDEEMED>                 30,137,030
<SHARES-REINVESTED>                         21,440,773
<NET-CHANGE-IN-ASSETS>                          58,594
<ACCUMULATED-NII-PRIOR>                          9,642
<ACCUMULATED-GAINS-PRIOR>                      274,343
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                           15,732
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                 18,431
<AVERAGE-NET-ASSETS>                         2,767,561
<PER-SHARE-NAV-BEGIN>                            16.07
<PER-SHARE-NII>                                    .22
<PER-SHARE-GAIN-APPREC>                           2.21
<PER-SHARE-DIVIDEND>                               .28
<PER-SHARE-DISTRIBUTIONS>                         1.65
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              16.57
<EXPENSE-RATIO>                                   .007
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        

</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<SERIES>
   <NUMBER> 71
   <NAME> THE INTERNATIONAL FUND CLASS 2
<MULTIPLIER> 1,000
       
<S>                             <C>
<PERIOD-TYPE>                   YEAR
<FISCAL-YEAR-END>                          NOV-30-1998
<PERIOD-START>                             DEC-01-1997
<PERIOD-END>                               NOV-30-1998
<INVESTMENTS-AT-COST>                        2,112,182
<INVESTMENTS-AT-VALUE>                       2,726,885
<RECEIVABLES>                                   11,174
<ASSETS-OTHER>                                     295
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                               2,738,354
<PAYABLE-FOR-SECURITIES>                        15,322
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                        4,319
<TOTAL-LIABILITIES>                             19,641
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                     2,053,868
<SHARES-COMMON-STOCK>                        7,612,694
<SHARES-COMMON-PRIOR>                        2,976,975
<ACCUMULATED-NII-CURRENT>                            0
<OVERDISTRIBUTION-NII>                             375
<ACCUMULATED-NET-GAINS>                         50,374
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                       614,846
<NET-ASSETS>                                 2,718,713
<DIVIDEND-INCOME>                               45,118
<INTEREST-INCOME>                               10,544
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                  18,431
<NET-INVESTMENT-INCOME>                         37,231
<REALIZED-GAINS-CURRENT>                        47,635
<APPREC-INCREASE-CURRENT>                      335,472
<NET-CHANGE-FROM-OPS>                          420,338
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                        1,201
<DISTRIBUTIONS-OF-GAINS>                       272,318
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                      4,258,892
<NUMBER-OF-SHARES-REDEEMED>                     83,746
<SHARES-REINVESTED>                            460,573
<NET-CHANGE-IN-ASSETS>                          58,594
<ACCUMULATED-NII-PRIOR>                          9,642
<ACCUMULATED-GAINS-PRIOR>                      274,343
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                           15,732
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                 18,431
<AVERAGE-NET-ASSETS>                         2,767,561
<PER-SHARE-NAV-BEGIN>                            16.06
<PER-SHARE-NII>                                    .20
<PER-SHARE-GAIN-APPREC>                           2.19
<PER-SHARE-DIVIDEND>                               .24
<PER-SHARE-DISTRIBUTIONS>                         1.65
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              16.56
<EXPENSE-RATIO>                                   .009
<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> 75
   <NAME> THE GLOBAL SMALL CAPITALIZATION FUND CLASS 1
<MULTIPLIER> 1,000
       
<S>                             <C>
<PERIOD-TYPE>                   YEAR
<FISCAL-YEAR-END>                          NOV-30-1998
<PERIOD-START>                             DEC-01-1997
<PERIOD-END>                               NOV-30-1998
<INVESTMENTS-AT-COST>                           77,420
<INVESTMENTS-AT-VALUE>                          73,712
<RECEIVABLES>                                      195
<ASSETS-OTHER>                                       7
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                                  73,914
<PAYABLE-FOR-SECURITIES>                         1,618
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                           54
<TOTAL-LIABILITIES>                              1,672
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                        74,846
<SHARES-COMMON-STOCK>                        6,019,266
<SHARES-COMMON-PRIOR>                                0
<ACCUMULATED-NII-CURRENT>                          182
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                            922
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                       (3,708)
<NET-ASSETS>                                    72,242
<DIVIDEND-INCOME>                                  249
<INTEREST-INCOME>                                  425
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                     265
<NET-INVESTMENT-INCOME>                            409
<REALIZED-GAINS-CURRENT>                           925
<APPREC-INCREASE-CURRENT>                      (3,708)
<NET-CHANGE-FROM-OPS>                          (2,374)
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                          194
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                      5,351,886
<NUMBER-OF-SHARES-REDEEMED>                    355,692
<SHARES-REINVESTED>                             23,072
<NET-CHANGE-IN-ASSETS>                          62,242
<ACCUMULATED-NII-PRIOR>                              0
<ACCUMULATED-GAINS-PRIOR>                            0
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                              240
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                    265
<AVERAGE-NET-ASSETS>                            49,888
<PER-SHARE-NAV-BEGIN>                            10.00
<PER-SHARE-NII>                                    .07
<PER-SHARE-GAIN-APPREC>                          (.92)
<PER-SHARE-DIVIDEND>                               .04
<PER-SHARE-DISTRIBUTIONS>                            0
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                               9.11
<EXPENSE-RATIO>                                   .005
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        

</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<SERIES>
   <NUMBER> 75
   <NAME> THE GLOBAL SMALL CAPITALIZATION FUND CLASS 2
<MULTIPLIER> 1,000
       
<S>                             <C>
<PERIOD-TYPE>                   YEAR
<FISCAL-YEAR-END>                          NOV-30-1998
<PERIOD-START>                             DEC-01-1997
<PERIOD-END>                               NOV-30-1998
<INVESTMENTS-AT-COST>                           77,420
<INVESTMENTS-AT-VALUE>                          73,712
<RECEIVABLES>                                      195
<ASSETS-OTHER>                                       7
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                                  73,914
<PAYABLE-FOR-SECURITIES>                         1,618
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                           54
<TOTAL-LIABILITIES>                              1,672
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                        74,846
<SHARES-COMMON-STOCK>                        1,912,201
<SHARES-COMMON-PRIOR>                                0
<ACCUMULATED-NII-CURRENT>                          182
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                            922
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                       (3,708)
<NET-ASSETS>                                    72,242
<DIVIDEND-INCOME>                                  249
<INTEREST-INCOME>                                  425
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                     265
<NET-INVESTMENT-INCOME>                            409
<REALIZED-GAINS-CURRENT>                           925
<APPREC-INCREASE-CURRENT>                      (3,708)
<NET-CHANGE-FROM-OPS>                          (2,374)
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                           36
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                      1,915,704
<NUMBER-OF-SHARES-REDEEMED>                      7,852
<SHARES-REINVESTED>                              4,349
<NET-CHANGE-IN-ASSETS>                          62,242
<ACCUMULATED-NII-PRIOR>                              0
<ACCUMULATED-GAINS-PRIOR>                            0
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                              240
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                    265
<AVERAGE-NET-ASSETS>                            49,888
<PER-SHARE-NAV-BEGIN>                            10.00
<PER-SHARE-NII>                                    .04
<PER-SHARE-GAIN-APPREC>                          (.91)
<PER-SHARE-DIVIDEND>                               .03
<PER-SHARE-DISTRIBUTIONS>                            0
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                               9.10
<EXPENSE-RATIO>                                   .006
<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> 77
   <NAME> THE GLOBAL GROWTH FUND CLASS 1
<MULTIPLIER> 1,000
       
<S>                             <C>
<PERIOD-TYPE>                   YEAR
<FISCAL-YEAR-END>                          NOV-30-1998
<PERIOD-START>                             DEC-01-1997
<PERIOD-END>                               NOV-30-1998
<INVESTMENTS-AT-COST>                          228,514
<INVESTMENTS-AT-VALUE>                         253,930
<RECEIVABLES>                                    3,482
<ASSETS-OTHER>                                      78
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                                 257,490
<PAYABLE-FOR-SECURITIES>                         2,010
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                          178
<TOTAL-LIABILITIES>                              2,188
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                       220,870
<SHARES-COMMON-STOCK>                       10,111,982
<SHARES-COMMON-PRIOR>                        9,142,633
<ACCUMULATED-NII-CURRENT>                          296
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                          8,714
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                        25,416
<NET-ASSETS>                                   255,302
<DIVIDEND-INCOME>                                2,147
<INTEREST-INCOME>                                1,510
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                   1,677
<NET-INVESTMENT-INCOME>                          1,980
<REALIZED-GAINS-CURRENT>                         9,087
<APPREC-INCREASE-CURRENT>                       26,951
<NET-CHANGE-FROM-OPS>                           38,018
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                         1226
<DISTRIBUTIONS-OF-GAINS>                           277
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                      3,748,614
<NUMBER-OF-SHARES-REDEEMED>                  1,315,104
<SHARES-REINVESTED>                            118,716
<NET-CHANGE-IN-ASSETS>                         128,540
<ACCUMULATED-NII-PRIOR>                            311
<ACCUMULATED-GAINS-PRIOR>                         (99)
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                            1,341
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                  1,677
<AVERAGE-NET-ASSETS>                           193,813
<PER-SHARE-NAV-BEGIN>                            10.62
<PER-SHARE-NII>                                    .13
<PER-SHARE-GAIN-APPREC>                           2.43
<PER-SHARE-DIVIDEND>                               .14
<PER-SHARE-DISTRIBUTIONS>                          .02
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              13.02
<EXPENSE-RATIO>                                   .008
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        

</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<SERIES>
   <NUMBER> 77
   <NAME> THE GLOBAL GROWTH FUND CLASS 2
<MULTIPLIER> 1,000
       
<S>                             <C>
<PERIOD-TYPE>                   YEAR
<FISCAL-YEAR-END>                          NOV-30-1998
<PERIOD-START>                             DEC-01-1997
<PERIOD-END>                               NOV-30-1998
<INVESTMENTS-AT-COST>                          228,514
<INVESTMENTS-AT-VALUE>                         253,930
<RECEIVABLES>                                    3,482
<ASSETS-OTHER>                                      78
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                                 257,490
<PAYABLE-FOR-SECURITIES>                         2,010
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                          178
<TOTAL-LIABILITIES>                              2,188
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                       220,870
<SHARES-COMMON-STOCK>                        9,496,959
<SHARES-COMMON-PRIOR>                        7,291,210
<ACCUMULATED-NII-CURRENT>                          296
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                          8,714
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                        25,416
<NET-ASSETS>                                   255,302
<DIVIDEND-INCOME>                                2,147
<INTEREST-INCOME>                                1,510
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                   1,677
<NET-INVESTMENT-INCOME>                          1,980
<REALIZED-GAINS-CURRENT>                         9,087
<APPREC-INCREASE-CURRENT>                       26,951
<NET-CHANGE-FROM-OPS>                           38,018
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                          766
<DISTRIBUTIONS-OF-GAINS>                           277
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                      5,120,157
<NUMBER-OF-SHARES-REDEEMED>                     78,598
<SHARES-REINVESTED>                             73,850
<NET-CHANGE-IN-ASSETS>                         128,540
<ACCUMULATED-NII-PRIOR>                            311
<ACCUMULATED-GAINS-PRIOR>                         (99)
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                            1,341
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                  1,677
<AVERAGE-NET-ASSETS>                           193,813
<PER-SHARE-NAV-BEGIN>                            10.61
<PER-SHARE-NII>                                    .10
<PER-SHARE-GAIN-APPREC>                           2.44
<PER-SHARE-DIVIDEND>                               .11
<PER-SHARE-DISTRIBUTIONS>                          .02
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              13.02
<EXPENSE-RATIO>                                    .01
<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> 78
   <NAME> THE BOND FUND CLASS 1
<MULTIPLIER> 1,000
       
<S>                             <C>
<PERIOD-TYPE>                   YEAR
<FISCAL-YEAR-END>                          NOV-30-1998
<PERIOD-START>                             DEC-01-1997
<PERIOD-END>                               NOV-30-1998
<INVESTMENTS-AT-COST>                          234,774
<INVESTMENTS-AT-VALUE>                         232,957
<RECEIVABLES>                                    3,716
<ASSETS-OTHER>                                       4
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                                 236,677
<PAYABLE-FOR-SECURITIES>                         5,289
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                          109
<TOTAL-LIABILITIES>                              5,398
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                       228,509
<SHARES-COMMON-STOCK>                       17,950,462
<SHARES-COMMON-PRIOR>                       12,449,558
<ACCUMULATED-NII-CURRENT>                        3,506
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                          1,062
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                       (1,798)
<NET-ASSETS>                                   231,279
<DIVIDEND-INCOME>                                  505
<INTEREST-INCOME>                               13,230
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                   1,067
<NET-INVESTMENT-INCOME>                         12,668
<REALIZED-GAINS-CURRENT>                         1,054
<APPREC-INCREASE-CURRENT>                      (4,888)
<NET-CHANGE-FROM-OPS>                            8,834
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                        9,573
<DISTRIBUTIONS-OF-GAINS>                         1,717
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                      6,220,296
<NUMBER-OF-SHARES-REDEEMED>                  1,789,981
<SHARES-REINVESTED>                          1,070,589
<NET-CHANGE-IN-ASSETS>                          87,353
<ACCUMULATED-NII-PRIOR>                          2,081
<ACCUMULATED-GAINS-PRIOR>                        1,660
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                              952
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                  1,067
<AVERAGE-NET-ASSETS>                           184,887
<PER-SHARE-NAV-BEGIN>                            10.62
<PER-SHARE-NII>                                    .67
<PER-SHARE-GAIN-APPREC>                          (.15)
<PER-SHARE-DIVIDEND>                               .65
<PER-SHARE-DISTRIBUTIONS>                          .12
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              10.37
<EXPENSE-RATIO>                                   .005
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        

</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<SERIES>
   <NUMBER> 78
   <NAME> THE BOND FUND CLASS 2
<MULTIPLIER> 1,000
       
<S>                             <C>
<PERIOD-TYPE>                   YEAR
<FISCAL-YEAR-END>                          NOV-30-1998
<PERIOD-START>                             DEC-01-1997
<PERIOD-END>                               NOV-30-1998
<INVESTMENTS-AT-COST>                          234,774
<INVESTMENTS-AT-VALUE>                         232,957
<RECEIVABLES>                                    3,716
<ASSETS-OTHER>                                       4
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                                 236,677
<PAYABLE-FOR-SECURITIES>                         5,289
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                          109
<TOTAL-LIABILITIES>                              5,398
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                       228,509
<SHARES-COMMON-STOCK>                        4,359,683
<SHARES-COMMON-PRIOR>                        1,107,877
<ACCUMULATED-NII-CURRENT>                        3,506
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                          1,062
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                       (1,798)
<NET-ASSETS>                                   231,279
<DIVIDEND-INCOME>                                  505
<INTEREST-INCOME>                               13,230
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                   1,067
<NET-INVESTMENT-INCOME>                         12,668
<REALIZED-GAINS-CURRENT>                         1,054
<APPREC-INCREASE-CURRENT>                      (4,888)
<NET-CHANGE-FROM-OPS>                            8,834
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                        1,605
<DISTRIBUTIONS-OF-GAINS>                         1,717
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                      3,219,589
<NUMBER-OF-SHARES-REDEEMED>                    137,744
<SHARES-REINVESTED>                            169,961
<NET-CHANGE-IN-ASSETS>                          87,353
<ACCUMULATED-NII-PRIOR>                          2,081
<ACCUMULATED-GAINS-PRIOR>                        1,660
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                              952
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                  1,067
<AVERAGE-NET-ASSETS>                           184,887
<PER-SHARE-NAV-BEGIN>                            10.61
<PER-SHARE-NII>                                    .65
<PER-SHARE-GAIN-APPREC>                          (.15)
<PER-SHARE-DIVIDEND>                               .63
<PER-SHARE-DISTRIBUTIONS>                          .12
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              10.36
<EXPENSE-RATIO>                                   .008
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        

</TABLE>

January 8, 1999


To the Board of Trustees of
American Variable Insurance Series

In planning and performing our audits of the financial
statements of American Variable Insurance Series (the
"Series") for the year ended November 30, 1998, we considered
its internal control, including control activities for
safeguarding securities, in order to determine our auditing
procedures for the purpose of expressing our opinion on the
financial statements and to comply with the requirements of
Form N-SAR, not to provide assurance on internal control.

The management of the Series is responsible for establishing
and maintaining internal control.  In fulfilling this
responsibility, estimates and judgments by management are
required to assess the expected benefits and related costs of
controls.  Generally, controls that are relevant to an audit
pertain to the entity's objective of preparing financial
statements for external purposes that are fairly presented in
conformity with generally accepted accounting principles. 
Those controls include the safeguarding of assets against
unauthorized acquisition, use or disposition.

Because of inherent limitations in internal control, errors or
fraud may occur and not be detected.  Also, projection of any
evaluation of internal control to future periods is subject to
the risk that it may become inadequate because of changes in
conditions or that the effectiveness of the design and
operation may deteriorate.

Our consideration of internal control would not necessarily
disclose all matters in internal control that might be
material weaknesses under standards established by the
American Institute of Certified Public Accountants.  A
material weakness is a condition in which the design or
operation of one or more of the internal control components
does not reduce to a relatively low level the risk that
misstatements caused by errors or fraud in amounts that would
be material in relation to the financial statements being
audited may occur and not be detected within a timely period
by employees in the normal course of performing their assigned
functions.  However, we noted no matters involving internal
control and its operation, including controls for safeguarding
securities, that we consider to be material weaknesses as
defined above as of November 30, 1998.

This report is intended solely for the information and use of
management and the Board of Trustees of the Series and the
Securities and Exchange Commission.



PRICEWATERHOUSECOOPERS LLP
Los Angeles, California


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