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<PAGE> PAGE 11
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<PAGE> PAGE 12
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<PAGE> PAGE 13
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<PAGE> PAGE 14
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<PAGE> PAGE 15
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<PAGE> PAGE 16
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<PAGE> PAGE 21
025 A000404 BEAR STEARNS & CO.
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<PAGE> PAGE 22
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<PAGE> PAGE 23
068 A000400 N
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070 H020400 N
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<PAGE> PAGE 24
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<PAGE> PAGE 25
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<PAGE> PAGE 26
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<PAGE> PAGE 27
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<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 35
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<PAGE> PAGE 36
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<PAGE> PAGE 37
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<PAGE> PAGE 38
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<PAGE> PAGE 39
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008 A000801 ALLMERICA INVESTMENT MANAGEMENT CO., INC.
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<PAGE> PAGE 40
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<PAGE> PAGE 41
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<PAGE> PAGE 42
070 J010800 Y
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<PAGE> PAGE 43
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<PAGE> PAGE 44
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<PAGE> PAGE 45
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<PAGE> PAGE 46
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<PAGE> PAGE 47
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<PAGE> PAGE 48
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008 A001001 ALLMERICA INVESTMENT MANAGEMENT CO., INC.
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<PAGE> PAGE 49
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<PAGE> PAGE 50
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<PAGE> PAGE 51
069 001000 N
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<PAGE> PAGE 52
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<PAGE> PAGE 53
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008 A001101 ALLMERICA INVESTMENT MANAGEMENT CO., INC
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<PAGE> PAGE 54
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<PAGE> PAGE 55
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<PAGE> PAGE 56
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<PAGE> PAGE 57
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<PAGE> PAGE 58
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<PAGE> PAGE 59
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<PAGE> PAGE 60
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070 B021200 N
070 C011200 N
070 C021200 N
070 D011200 Y
070 D021200 N
070 E011200 N
070 E021200 N
070 F011200 Y
070 F021200 N
070 G011200 Y
070 G021200 N
070 H011200 Y
070 H021200 N
070 I011200 N
070 I021200 N
070 J011200 Y
070 J021200 Y
070 K011200 Y
070 K021200 N
070 L011200 Y
070 L021200 Y
070 M011200 Y
070 M021200 N
070 N011200 Y
070 N021200 N
070 O011200 Y
070 O021200 N
070 P011200 Y
070 P021200 N
070 Q011200 N
070 Q021200 N
070 R011200 N
070 R021200 N
071 A001200 308450
071 B001200 293832
071 C001200 242836
071 D001200 121
072 A001200 6
072 B001200 419
<PAGE> PAGE 61
072 C001200 314
072 D001200 0
072 E001200 0
072 F001200 1186
072 G001200 0
072 H001200 0
072 I001200 0
072 J001200 19
072 K001200 0
072 L001200 86
072 M001200 5
072 N001200 0
072 O001200 0
072 P001200 0
072 Q001200 27
072 R001200 5
072 S001200 6
072 T001200 0
072 U001200 1
072 V001200 0
072 W001200 -1
072 X001200 1334
072 Y001200 0
072 Z001200 -601
072AA001200 56374
072BB001200 0
072CC011200 0
072CC021200 33510
072DD011200 0
072DD021200 0
072EE001200 0
073 A011200 0.0000
073 A021200 0.0000
073 B001200 0.0000
073 C001200 0.0000
074 A001200 1442
074 B001200 0
074 C001200 8862
074 D001200 0
074 E001200 0
074 F001200 269620
074 G001200 0
074 H001200 0
074 I001200 0
074 J001200 2155
074 K001200 0
074 L001200 411
074 M001200 2
074 N001200 282492
074 O001200 1900
074 P001200 203
<PAGE> PAGE 62
074 Q001200 0
074 R011200 0
074 R021200 0
074 R031200 0
074 R041200 2181
074 S001200 0
074 T001200 278208
074 U011200 149981
074 U021200 0
074 V011200 1.86
074 V021200 0.00
074 W001200 0.0000
074 X001200 15
074 Y001200 0
075 A001200 0
075 B001200 255161
076 001200 0.00
008 A001301 ALLMERICA INVESTMENT MANAGEMENT CO., INC.
008 B001301 A
008 C001301 801-44189
008 D011301 WORCESTER
008 D021301 MA
008 D031301 01653
008 D041301 1959
008 A001302 SCRODER CAPITAL MANAGEMENT INTERNATIONAL, INC
008 B001302 S
008 C001302 801-000000
008 D011302 DENVER
008 D021302 CO
008 D031302 80206
008 D041302 4923
015 A001301 BANKERS TRUST COMPANY
015 B001301 C
015 C011301 NEW YORK
015 C021301 NY
015 C031301 10005
015 E041301 X
024 001300 N
025 D001301 0
025 D001302 0
025 D001303 0
025 D001304 0
025 D001305 0
025 D001306 0
025 D001307 0
025 D001308 0
028 A011300 0
028 A021300 0
028 A031300 0
028 A041300 0
028 B011300 4
<PAGE> PAGE 63
028 B021300 0
028 B031300 0
028 B041300 0
028 C011300 237
028 C021300 0
028 C031300 0
028 C041300 0
028 D011300 386
028 D021300 0
028 D031300 0
028 D041300 5
028 E011300 795
028 E021300 0
028 E031300 0
028 E041300 1
028 F011300 1060
028 F021300 0
028 F031300 0
028 F041300 0
028 G011300 2482
028 G021300 0
028 G031300 0
028 G041300 6
028 H001300 0
045 001300 Y
046 001300 N
047 001300 Y
048 001300 1.350
048 A011300 0
048 A021300 0.000
048 B011300 0
048 B021300 0.000
048 C011300 0
048 C021300 0.000
048 D011300 0
048 D021300 0.000
048 E011300 0
048 E021300 0.000
048 F011300 0
048 F021300 0.000
048 G011300 0
048 G021300 0.000
048 H011300 0
048 H021300 0.000
048 I011300 0
048 I021300 0.000
048 J011300 0
048 J021300 0.000
048 K011300 0
048 K021300 0.000
049 001300 N
<PAGE> PAGE 64
050 001300 N
051 001300 N
052 001300 N
053 A001300 Y
053 B001300 Y
053 C001300 N
055 A001300 Y
055 B001300 N
056 001300 Y
057 001300 N
062 A001300 N
062 B001300 0.0
062 C001300 0.0
062 D001300 0.0
062 E001300 0.0
062 F001300 0.0
062 G001300 0.0
062 H001300 0.0
062 I001300 0.0
062 J001300 0.0
062 K001300 0.0
062 L001300 0.0
062 M001300 0.0
062 N001300 0.0
062 O001300 0.0
062 P001300 0.0
062 Q001300 0.0
062 R001300 0.0
063 A001300 0
063 B001300 0.0
066 A001300 Y
066 B001300 Y
066 C001300 N
066 D001300 N
066 E001300 N
066 F001300 N
066 G001300 N
067 001300 N
068 A001300 N
068 B001300 Y
069 001300 N
070 A011300 Y
070 A021300 N
070 B011300 Y
070 B021300 N
070 C011300 N
070 C021300 N
070 D011300 Y
070 D021300 N
070 E011300 N
070 E021300 N
<PAGE> PAGE 65
070 F011300 Y
070 F021300 N
070 G011300 Y
070 G021300 N
070 H011300 Y
070 H021300 N
070 I011300 N
070 I021300 N
070 J011300 Y
070 J021300 Y
070 K011300 Y
070 K021300 N
070 L011300 Y
070 L021300 Y
070 M011300 Y
070 M021300 N
070 N011300 Y
070 N021300 N
070 O011300 Y
070 O021300 N
070 P011300 Y
070 P021300 N
070 Q011300 N
070 Q021300 N
070 R011300 N
070 R021300 N
071 A001300 24815
071 B001300 3813
071 C001300 14665
071 D001300 26
072 A001300 4
072 B001300 65
072 C001300 194
072 D001300 0
072 E001300 0
072 F001300 100
072 G001300 0
072 H001300 0
072 I001300 0
072 J001300 43
072 K001300 0
072 L001300 4
072 M001300 0
072 N001300 0
072 O001300 0
072 P001300 0
072 Q001300 15
072 R001300 19
072 S001300 0
072 T001300 0
072 U001300 0
<PAGE> PAGE 66
072 V001300 0
072 W001300 29
072 X001300 210
072 Y001300 26
072 Z001300 75
072AA001300 0
072BB001300 337
072CC011300 0
072CC021300 3192
072DD011300 0
072DD021300 0
072EE001300 0
073 A011300 0.0000
073 A021300 0.0000
073 B001300 0.0000
073 C001300 0.0000
074 A001300 489
074 B001300 0
074 C001300 1317
074 D001300 0
074 E001300 490
074 F001300 16984
074 G001300 0
074 H001300 0
074 I001300 0
074 J001300 46
074 K001300 0
074 L001300 202
074 M001300 0
074 N001300 19528
074 O001300 195
074 P001300 31
074 Q001300 0
074 R011300 0
074 R021300 0
074 R031300 0
074 R041300 270
074 S001300 0
074 T001300 19032
074 U011300 22616
074 U021300 0
074 V011300 0.84
074 V021300 0.00
074 W001300 0.0000
074 X001300 0
074 Y001300 0
075 A001300 0
075 B001300 20538
076 001300 0.00
008 A001401 ALLMERICA INVESTMENT MANAGEMENT CO., INC.
008 B001401 A
<PAGE> PAGE 67
008 C001401 801-44189
008 D011401 WORCESTER
008 D021401 MA
008 D031401 01653
008 D041401 1959
008 A001402 CAMBIAR INVESTORS, INC.
008 B001402 S
008 C001402 801-000000
008 D011402 DENVER
008 D021402 CO
008 D031402 80206
008 D041402 4923
015 A001401 BANKERS TRUST COMPANY
015 B001401 C
015 C011401 NEW YORK
015 C021401 NY
015 C031401 10005
015 E011401 X
024 001400 N
025 D001401 0
025 D001402 0
025 D001403 0
025 D001404 0
025 D001405 0
025 D001406 0
025 D001407 0
025 D001408 0
028 A011400 0
028 A021400 0
028 A031400 0
028 A041400 0
028 B011400 6
028 B021400 0
028 B031400 0
028 B041400 0
028 C011400 668
028 C021400 0
028 C031400 0
028 C041400 0
028 D011400 728
028 D021400 0
028 D031400 0
028 D041400 8
028 E011400 1389
028 E021400 0
028 E031400 0
028 E041400 1
028 F011400 1606
028 F021400 0
028 F031400 0
028 F041400 0
<PAGE> PAGE 68
028 G011400 4397
028 G021400 0
028 G031400 0
028 G041400 9
028 H001400 0
045 001400 Y
046 001400 N
047 001400 Y
048 001400 0.850
048 A011400 0
048 A021400 0.000
048 B011400 0
048 B021400 0.000
048 C011400 0
048 C021400 0.000
048 D011400 0
048 D021400 0.000
048 E011400 0
048 E021400 0.000
048 F011400 0
048 F021400 0.000
048 G011400 0
048 G021400 0.000
048 H011400 0
048 H021400 0.000
048 I011400 0
048 I021400 0.000
048 J011400 0
048 J021400 0.000
048 K011400 0
048 K021400 0.000
049 001400 N
050 001400 N
051 001400 N
052 001400 N
053 A001400 Y
053 B001400 Y
053 C001400 N
055 A001400 N
055 B001400 N
056 001400 Y
057 001400 N
062 A001400 N
062 B001400 0.0
062 C001400 0.0
062 D001400 0.0
062 E001400 0.0
062 F001400 0.0
062 G001400 0.0
062 H001400 0.0
062 I001400 0.0
<PAGE> PAGE 69
062 J001400 0.0
062 K001400 0.0
062 L001400 0.0
062 M001400 0.0
062 N001400 0.0
062 O001400 0.0
062 P001400 0.0
062 Q001400 0.0
062 R001400 0.0
063 A001400 0
063 B001400 0.0
066 A001400 Y
066 B001400 N
066 C001400 N
066 D001400 Y
066 E001400 N
066 F001400 N
066 G001400 N
067 001400 N
068 A001400 N
068 B001400 N
069 001400 N
070 A011400 Y
070 A021400 N
070 B011400 Y
070 B021400 N
070 C011400 N
070 C021400 N
070 D011400 Y
070 D021400 N
070 E011400 N
070 E021400 N
070 F011400 Y
070 F021400 N
070 G011400 Y
070 G021400 N
070 H011400 Y
070 H021400 N
070 I011400 N
070 I021400 N
070 J011400 Y
070 J021400 N
070 K011400 Y
070 K021400 N
070 L011400 Y
070 L021400 N
070 M011400 Y
070 M021400 N
070 N011400 Y
070 N021400 N
070 O011400 Y
<PAGE> PAGE 70
070 O021400 N
070 P011400 Y
070 P021400 N
070 Q011400 N
070 Q021400 N
070 R011400 N
070 R021400 N
071 A001400 8941
071 B001400 384
071 C001400 11400
071 D001400 6
072 A001400 4
072 B001400 14
072 C001400 24
072 D001400 0
072 E001400 0
072 F001400 20
072 G001400 0
072 H001400 0
072 I001400 0
072 J001400 3
072 K001400 0
072 L001400 4
072 M001400 0
072 N001400 0
072 O001400 0
072 P001400 0
072 Q001400 10
072 R001400 6
072 S001400 0
072 T001400 0
072 U001400 0
072 V001400 0
072 W001400 6
072 X001400 49
072 Y001400 24
072 Z001400 13
072AA001400 0
072BB001400 49
072CC011400 0
072CC021400 88
072DD011400 0
072DD021400 0
072EE001400 0
073 A011400 0.0000
073 A021400 0.0000
073 B001400 0.0000
073 C001400 0.0000
074 A001400 82
074 B001400 0
074 C001400 749
<PAGE> PAGE 71
074 D001400 0
074 E001400 0
074 F001400 8420
074 G001400 0
074 H001400 0
074 I001400 0
074 J001400 0
074 K001400 0
074 L001400 64
074 M001400 0
074 N001400 9315
074 O001400 0
074 P001400 19
074 Q001400 0
074 R011400 0
074 R021400 0
074 R031400 0
074 R041400 22
074 S001400 0
074 T001400 9274
074 U011400 9271
074 U021400 0
074 V011400 1.00
074 V021400 0.00
074 W001400 0.0000
074 X001400 0
074 Y001400 0
075 A001400 0
075 B001400 6707
076 001400 0.00
SIGNATURE THOMAS P. CUNNINGHAM
TITLE TREASURER
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 8
<NAME> SELECT AGGRESSIVE GROWTH
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> DEC-31-1998
<PERIOD-END> JUN-30-1998
<INVESTMENTS-AT-COST> 579,078,710
<INVESTMENTS-AT-VALUE> 750,915,806
<RECEIVABLES> 778,027
<ASSETS-OTHER> 109,199,150
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 860,892,983
<PAYABLE-FOR-SECURITIES> 3,794,307
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 109,911,439
<TOTAL-LIABILITIES> 113,705,746
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 520,766,793
<SHARES-COMMON-STOCK> 288,798,028
<SHARES-COMMON-PRIOR> 271,561,208
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 1,232,369
<ACCUMULATED-NET-GAINS> 55,815,717
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 171,837,096
<NET-ASSETS> 747,187,237
<DIVIDEND-INCOME> 1,429,712
<INTEREST-INCOME> 410,282
<OTHER-INCOME> 117,236
<EXPENSES-NET> 3,189,599
<NET-INVESTMENT-INCOME> (1,232,369)
<REALIZED-GAINS-CURRENT> 57,739,983
<APPREC-INCREASE-CURRENT> 44,511,828
<NET-CHANGE-FROM-OPS> 101,019,442
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 50,187,956
<NUMBER-OF-SHARES-REDEEMED> 8,143,323
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> 101,019,442
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 1,924,266
<GROSS-ADVISORY-FEES> 3,026,265
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 3,212,076
<AVERAGE-NET-ASSETS> 691,492,774
<PER-SHARE-NAV-BEGIN> 2.225
<PER-SHARE-NII> (0.004)
<PER-SHARE-GAIN-APPREC> 0.366
<PER-SHARE-DIVIDEND> .000
<PER-SHARE-DISTRIBUTIONS> .000
<RETURNS-OF-CAPITAL> .000
<PER-SHARE-NAV-END> 2.587
<EXPENSE-RATIO> 0.93
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 7
<NAME> SELECT GROWTH
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> DEC-31-1998
<PERIOD-END> JUN-30-1998
<INVESTMENTS-AT-COST> 482,492,305
<INVESTMENTS-AT-VALUE> 667,533,118
<RECEIVABLES> 2,145,034
<ASSETS-OTHER> 30,800
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 669,708,952
<PAYABLE-FOR-SECURITIES> 86,369
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 550,738
<TOTAL-LIABILITIES> 637,107
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 460,466,246
<SHARES-COMMON-STOCK> 303,518,655
<SHARES-COMMON-PRIOR> 259,691,378
<ACCUMULATED-NII-CURRENT> 219,161
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 23,345,625
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 185,040,813
<NET-ASSETS> 669,071,845
<DIVIDEND-INCOME> 2,222,006
<INTEREST-INCOME> 449,858
<OTHER-INCOME> 0
<EXPENSES-NET> 2,433,107
<NET-INVESTMENT-INCOME> 238,757
<REALIZED-GAINS-CURRENT> 23,530,152
<APPREC-INCREASE-CURRENT> 91,849,647
<NET-CHANGE-FROM-OPS> 115,618,556
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 120,108
<DISTRIBUTIONS-OF-GAINS> 6,305,651
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 86,247,346
<NUMBER-OF-SHARES-REDEEMED> 3,150,030
<SHARES-REINVESTED> 6,425,759
<NET-CHANGE-IN-ASSETS> 198,715,872
<ACCUMULATED-NII-PRIOR> 100,512
<ACCUMULATED-GAINS-PRIOR> 6,121,124
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 2,355,616
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 2,486,358
<AVERAGE-NET-ASSETS> 563,839,567
<PER-SHARE-NAV-BEGIN> 1.811
<PER-SHARE-NII> 0.001
<PER-SHARE-GAIN-APPREC> 0.413
<PER-SHARE-DIVIDEND> 0.000
<PER-SHARE-DISTRIBUTIONS> (0.021)
<RETURNS-OF-CAPITAL> 0.000
<PER-SHARE-NAV-END> 2.204
<EXPENSE-RATIO> 0.87
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 6
<NAME> SELECT GROWTH AND INCOME
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> DEC-31-1998
<PERIOD-END> JUN-30-1998
<INVESTMENTS-AT-COST> 494,380,323
<INVESTMENTS-AT-VALUE> 574,418,108
<RECEIVABLES> 8,391,938
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 582,810,046
<PAYABLE-FOR-SECURITIES> 936,810
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 678,784
<TOTAL-LIABILITIES> 1,615,594
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 451,142,506
<SHARES-COMMON-STOCK> 338,413,868
<SHARES-COMMON-PRIOR> 305,179,193
<ACCUMULATED-NII-CURRENT> 3,467
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 50,010,694
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 80,037,785
<NET-ASSETS> 581,194,452
<DIVIDEND-INCOME> 3,775,143
<INTEREST-INCOME> 1,134,505
<OTHER-INCOME> 0
<EXPENSES-NET> 1,872,918
<NET-INVESTMENT-INCOME> 3,036,730
<REALIZED-GAINS-CURRENT> 50,660,333
<APPREC-INCREASE-CURRENT> 2,355,190
<NET-CHANGE-FROM-OPS> 56,052,253
<EQUALIZATION> 0,016,957
<DISTRIBUTIONS-OF-INCOME> 3,099,929
<DISTRIBUTIONS-OF-GAINS> 2,016,9577
<DISTRIBUTIONS-OTHER> 0,094,352
<NUMBER-OF-SHARES-SOLD> 52,684,057
<NUMBER-OF-SHARES-REDEEMED> 1,094,35258
<SHARES-REINVESTED> 5,116,886
<NET-CHANGE-IN-ASSETS> 107,641,958
<ACCUMULATED-NII-PRIOR> 66,666
<ACCUMULATED-GAINS-PRIOR> 1,367,318
<OVERDISTRIB-NII-PRIOR> 0,825,852
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 1,825,852
<INTEREST-EXPENSE> 039,533,233
<GROSS-EXPENSE> 1,948,139
<AVERAGE-NET-ASSETS> 539,533,233
<PER-SHARE-NAV-BEGIN> 1.552
<PER-SHARE-NII> 0.010
<PER-SHARE-GAIN-APPREC> 0.171
<PER-SHARE-DIVIDEND> (0.010)
<PER-SHARE-DISTRIBUTIONS> (0.006)
<RETURNS-OF-CAPITAL> 0.000
<PER-SHARE-NAV-END> 1.717
<EXPENSE-RATIO> 0.70
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 9
<NAME> SELECT INCOME
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> DEC-31-1998
<PERIOD-END> JUN-30-1998
<INVESTMENTS-AT-COST> 134,539,655
<INVESTMENTS-AT-VALUE> 137,034,189
<RECEIVABLES> 5,078,807
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 142,112,996
<PAYABLE-FOR-SECURITIES> 9,839,817
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 91,935
<TOTAL-LIABILITIES> 9,931,752
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 129,629,685
<SHARES-COMMON-STOCK> 128,270,839
<SHARES-COMMON-PRIOR> 101,975,296
<ACCUMULATED-NII-CURRENT> 21,903
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 35,122
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 3,494,534
<NET-ASSETS> 133,181,244
<DIVIDEND-INCOME> 64,975
<INTEREST-INCOME> 3,785,292
<OTHER-INCOME> 0
<EXPENSES-NET> 372,603
<NET-INVESTMENT-INCOME> 3,477,664
<REALIZED-GAINS-CURRENT> 1,105,617
<APPREC-INCREASE-CURRENT> (318,088)
<NET-CHANGE-FROM-OPS> 4,265,193
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 3,456,673
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 25,374,546
<NUMBER-OF-SHARES-REDEEMED> 1,711,866
<SHARES-REINVESTED> 3,456,673
<NET-CHANGE-IN-ASSETS> 27,927,873
<ACCUMULATED-NII-PRIOR> 912
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 1,070,495
<GROSS-ADVISORY-FEES> 321,603
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 372,603
<AVERAGE-NET-ASSETS> 116,518,583
<PER-SHARE-NAV-BEGIN> 1.022
<PER-SHARE-NII> 0.029
<PER-SHARE-GAIN-APPREC> 0.008
<PER-SHARE-DIVIDEND> (0.029)
<PER-SHARE-DISTRIBUTIONS> 0.000
<RETURNS-OF-CAPITAL> 0.000
<PER-SHARE-NAV-END> 1.030
<EXPENSE-RATIO> 0.64
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 13
<NAME> SELECT EMERGING MARKETS
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> DEC-31-1998
<PERIOD-END> JUN-30-1998
<INVESTMENTS-AT-COST> 21,982,912
<INVESTMENTS-AT-VALUE> 18,790,566
<RECEIVABLES> 248,581
<ASSETS-OTHER> 488,421
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 19,527,568
<PAYABLE-FOR-SECURITIES> 195,042
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 300,702
<TOTAL-LIABILITIES> 495,744
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 22,486,354
<SHARES-COMMON-STOCK> 22,616,186
<SHARES-COMMON-PRIOR> 0
<ACCUMULATED-NII-CURRENT> 74,570
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 0
<OVERDISTRIBUTION-GAINS> 336,815
<ACCUM-APPREC-OR-DEPREC> (3,192,285)
<NET-ASSETS> 19,031,824
<DIVIDEND-INCOME> 193,928
<INTEREST-INCOME> 65,158
<OTHER-INCOME> 0
<EXPENSES-NET> 184,516
<NET-INVESTMENT-INCOME> 74,570
<REALIZED-GAINS-CURRENT> (336,815)
<APPREC-INCREASE-CURRENT> (3,192,285)
<NET-CHANGE-FROM-OPS> (3,454,530)
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 2,492,769
<NUMBER-OF-SHARES-REDEEMED> 6,415
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> (968,176)
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 99,508
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 210,876
<AVERAGE-NET-ASSETS> 20,537,634
<PER-SHARE-NAV-BEGIN> 1.000
<PER-SHARE-NII> 0.003
<PER-SHARE-GAIN-APPREC> (0.161)
<PER-SHARE-DIVIDEND> 0.000
<PER-SHARE-DISTRIBUTIONS> 0.000
<RETURNS-OF-CAPITAL> 0.000
<PER-SHARE-NAV-END> 0.842
<EXPENSE-RATIO> 2.50
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 10
<NAME> SELECT VALUE OPPORTUNITY
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> DEC-31-1998
<PERIOD-END> JUN-30-1998
<INVESTMENTS-AT-COST> 222,218,024
<INVESTMENTS-AT-VALUE> 243,212,059
<RECEIVABLES> 2,228,759
<ASSETS-OTHER> 14,899
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 245,455,717
<PAYABLE-FOR-SECURITIES> 2,199,568
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 229,792
<TOTAL-LIABILITIES> 2,429,360
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 205,596,260
<SHARES-COMMON-STOCK> 142,405,068
<SHARES-COMMON-PRIOR> 8,592,306
<ACCUMULATED-NII-CURRENT> 519,185
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 15,916,877
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 20,994,035
<NET-ASSETS> 243,026,357
<DIVIDEND-INCOME> 1,234,966
<INTEREST-INCOME> 338,385
<OTHER-INCOME> 0
<EXPENSES-NET> 1,051,705
<NET-INVESTMENT-INCOME> 521,646
<REALIZED-GAINS-CURRENT> 15,973,476
<APPREC-INCREASE-CURRENT> (6,047,572)
<NET-CHANGE-FROM-OPS> 10,477,550
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 28,332
<DISTRIBUTIONS-OF-GAINS> 825,801
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 31,073,793
<NUMBER-OF-SHARES-REDEEMED> 634,102
<SHARES-REINVESTED> 864,133
<NET-CHANGE-IN-ASSETS> 40,887,241
<ACCUMULATED-NII-PRIOR> 25,871
<ACCUMULATED-GAINS-PRIOR> 779,202
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 1,032,997
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 1,111,207
<AVERAGE-NET-ASSETS> 227,425,469
<PER-SHARE-NAV-BEGIN> 1.626
<PER-SHARE-NII> 0.004
<PER-SHARE-GAIN-APPREC> 0.083
<PER-SHARE-DIVIDEND> 0.000
<PER-SHARE-DISTRIBUTIONS> (0.006)
<RETURNS-OF-CAPITAL> 0.000
<PER-SHARE-NAV-END> 1.707
<EXPENSE-RATIO> 0.93
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 4
<NAME> EQUITY INDEX
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> DEC-31-1998
<PERIOD-END> JUN-30-1998
<INVESTMENTS-AT-COST> 256,496,070
<INVESTMENTS-AT-VALUE> 388,972,051
<RECEIVABLES> 810,176
<ASSETS-OTHER> 43,594
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 389,825,821
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 212,899
<TOTAL-LIABILITIES> 212,899
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 247,722,275
<SHARES-COMMON-STOCK> 121,400,341
<SHARES-COMMON-PRIOR> 107,949,028
<ACCUMULATED-NII-CURRENT> 32,960
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 9,332,648
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 132,525,039
<NET-ASSETS> 389,612,922
<DIVIDEND-INCOME> 2,545,393
<INTEREST-INCOME> 90,549
<OTHER-INCOME> 0
<EXPENSES-NET> 627,367
<NET-INVESTMENT-INCOME> 2,008,575
<REALIZED-GAINS-CURRENT> 9,494,396
<APPREC-INCREASE-CURRENT> 42,590,759
<NET-CHANGE-FROM-OPS> 54,093,730
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 2,070,390
<DISTRIBUTIONS-OF-GAINS> 591,730
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 60,697,974
<NUMBER-OF-SHARES-REDEEMED> 22,369,386
<SHARES-REINVESTED> 2,662,120
<NET-CHANGE-IN-ASSETS> 92,422,318
<ACCUMULATED-NII-PRIOR> 94,775
<ACCUMULATED-GAINS-PRIOR> 429,982
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 501,668
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 627,367
<AVERAGE-NET-ASSETS> 344,660,044
<PER-SHARE-NAV-BEGIN> 2.753
<PER-SHARE-NII> 0.017
<PER-SHARE-GAIN-APPREC> 0.462
<PER-SHARE-DIVIDEND> (0.018)
<PER-SHARE-DISTRIBUTIONS> (0.005)
<RETURNS-OF-CAPITAL> 0.000
<PER-SHARE-NAV-END> 3.209
<EXPENSE-RATIO> 0.37
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 1
<NAME> GROWTH FUND
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> DEC-31-1998
<PERIOD-END> JUN-30-1998
<INVESTMENTS-AT-COST> 664,162,207
<INVESTMENTS-AT-VALUE> 840,221,267
<RECEIVABLES> 6,786,837
<ASSETS-OTHER> 461,832
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 847,469,936
<PAYABLE-FOR-SECURITIES> 5,944,427
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 468,148
<TOTAL-LIABILITIES> 6,412,575
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 610,398,064
<SHARES-COMMON-STOCK> 307,652,207
<SHARES-COMMON-PRIOR> 301,559,983
<ACCUMULATED-NII-CURRENT> 28,080
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 54,572,157
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 176,059,060
<NET-ASSETS> 841,057,361
<DIVIDEND-INCOME> 4,292,892
<INTEREST-INCOME> 1,374,320
<OTHER-INCOME> 0
<EXPENSES-NET> 1,836,474
<NET-INVESTMENT-INCOME> 4,467,738
<REALIZED-GAINS-CURRENT> 55,519,222
<APPREC-INCREASE-CURRENT> 48,647,775
<NET-CHANGE-FROM-OPS> 108,634,735
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 4,574,856
<DISTRIBUTIONS-OF-GAINS> 8,112,608
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 15,327,017
<NUMBER-OF-SHARES-REDEEMED> 11,583,213
<SHARES-REINVESTED> 12,687,464
<NET-CHANGE-IN-ASSETS> 112,378,539
<ACCUMULATED-NII-PRIOR> 135,198
<ACCUMULATED-GAINS-PRIOR> 7,165,543
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 1,752,200
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 1,922,353
<AVERAGE-NET-ASSETS> 795,269,385
<PER-SHARE-NAV-BEGIN> 2.416
<PER-SHARE-NII> 0.015
<PER-SHARE-GAIN-APPREC> 0.345
<PER-SHARE-DIVIDEND> (0.015)
<PER-SHARE-DISTRIBUTIONS> (0.027)
<RETURNS-OF-CAPITAL> 0.000
<PER-SHARE-NAV-END> 2.734
<EXPENSE-RATIO> 0.47
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 2
<NAME> INVESTMENT GRADE INCOME FUND
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> DEC-31-1998
<PERIOD-END> JUN-30-1998
<INVESTMENTS-AT-COST> 229,347,097
<INVESTMENTS-AT-VALUE> 235,166,750
<RECEIVABLES> 22,861,295
<ASSETS-OTHER> 148,830
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 258,176,875
<PAYABLE-FOR-SECURITIES> 41,667,672
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 150,708
<TOTAL-LIABILITIES> 41,818,380
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 210,978,848
<SHARES-COMMON-STOCK> 192,850,817
<SHARES-COMMON-PRIOR> 170,391,530
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 4,919
<ACCUMULATED-NET-GAINS> 0
<OVERDISTRIBUTION-GAINS> 435,087
<ACCUM-APPREC-OR-DEPREC> 5,819,653
<NET-ASSETS> 216,358,495
<DIVIDEND-INCOME> 159,861
<INTEREST-INCOME> 6,568,702
<OTHER-INCOME> 0
<EXPENSES-NET> 520,306
<NET-INVESTMENT-INCOME> 6,208,257
<REALIZED-GAINS-CURRENT> 979,242
<APPREC-INCREASE-CURRENT> 675,994
<NET-CHANGE-FROM-OPS> 7,863,493
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 6,230,847
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 21,675,722
<NUMBER-OF-SHARES-REDEEMED> 2,683,380
<SHARES-REINVESTED> 6,230,847
<NET-CHANGE-IN-ASSETS> 26,855,835
<ACCUMULATED-NII-PRIOR> 17,671
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 1,414,329
<GROSS-ADVISORY-FEES> 442,883
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 520,306
<AVERAGE-NET-ASSETS> 204,526,680
<PER-SHARE-NAV-BEGIN> 1.112
<PER-SHARE-NII> 0.034
<PER-SHARE-GAIN-APPREC> 0.010
<PER-SHARE-DIVIDEND> (0.034)
<PER-SHARE-DISTRIBUTIONS> 0.000
<RETURNS-OF-CAPITAL> 0.000
<PER-SHARE-NAV-END> 1.122
<EXPENSE-RATIO> 0.51
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 3
<NAME> MONEY MARKET FUND
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> DEC-31-1998
<PERIOD-END> JUN-30-1998
<INVESTMENTS-AT-COST> 257,831,189
<INVESTMENTS-AT-VALUE> 267,831,189
<RECEIVABLES> 2,004,094
<ASSETS-OTHER> 23,278
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 269,858,561
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 115,775
<TOTAL-LIABILITIES> 115,775
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 269,806,071
<SHARES-COMMON-STOCK> 269,806,071
<SHARES-COMMON-PRIOR> 260,664,450
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 46
<ACCUMULATED-NET-GAINS> 0
<OVERDISTRIBUTION-GAINS> 63,239
<ACCUM-APPREC-OR-DEPREC> 0
<NET-ASSETS> 269,742,786
<DIVIDEND-INCOME> 74,579
<INTEREST-INCOME> 7,183,593
<OTHER-INCOME> 0
<EXPENSES-NET> 412,688
<NET-INVESTMENT-INCOME> 6,845,484
<REALIZED-GAINS-CURRENT> (18,296)
<APPREC-INCREASE-CURRENT> 0
<NET-CHANGE-FROM-OPS> 6,827,188
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 6,845,530
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 119,084,531
<NUMBER-OF-SHARES-REDEEMED> 116,788,440
<SHARES-REINVESTED> 6,845,530
<NET-CHANGE-IN-ASSETS> 9,123,279
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 44,843
<GROSS-ADVISORY-FEES> 337,258
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 412,688
<AVERAGE-NET-ASSETS> 253,468,197
<PER-SHARE-NAV-BEGIN> 1.000
<PER-SHARE-NII> 0.027
<PER-SHARE-GAIN-APPREC> 0.000
<PER-SHARE-DIVIDEND> (0.027)
<PER-SHARE-DISTRIBUTIONS> 0.000
<RETURNS-OF-CAPITAL> 0.000
<PER-SHARE-NAV-END> 1.000
<EXPENSE-RATIO> 0.33
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 5
<NAME> GOVERNMENT BOND FUND
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> DEC-31-1998
<PERIOD-END> JUN-30-1998
<INVESTMENTS-AT-COST> 64,732,229
<INVESTMENTS-AT-VALUE> 65,432,752
<RECEIVABLES> 938,388
<ASSETS-OTHER> 88,616
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 66,459,756
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 57,043
<TOTAL-LIABILITIES> 57,043
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 68,244,645
<SHARES-COMMON-STOCK> 63,198,378
<SHARES-COMMON-PRIOR> 53,041,341
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 15,119
<ACCUMULATED-NET-GAINS> 0
<OVERDISTRIBUTION-GAINS> 2,527,333
<ACCUM-APPREC-OR-DEPREC> 700,523
<NET-ASSETS> 66,402,716
<DIVIDEND-INCOME> 18,655
<INTEREST-INCOME> 1,924,911
<OTHER-INCOME> 0
<EXPENSES-NET> 197,802
<NET-INVESTMENT-INCOME> 1,745,764
<REALIZED-GAINS-CURRENT> 124,267
<APPREC-INCREASE-CURRENT> 54,634
<NET-CHANGE-FROM-OPS> 1,924,665
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 1,749,615
<DISTRIBUTIONS-OF-GAINS> 15,119
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 11,318,488
<NUMBER-OF-SHARES-REDEEMED> 2,353,812
<SHARES-REINVESTED> 1,764,734
<NET-CHANGE-IN-ASSETS> 10,889,341
<ACCUMULATED-NII-PRIOR> 3,851
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 2,651,500
<GROSS-ADVISORY-FEES> 152,868
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 197,802
<AVERAGE-NET-ASSETS> 61,653,909
<PER-SHARE-NAV-BEGIN> 1.047
<PER-SHARE-NII> 0.029
<PER-SHARE-GAIN-APPREC> 0.004
<PER-SHARE-DIVIDEND> (0.029)
<PER-SHARE-DISTRIBUTIONS> 0.000
<RETURNS-OF-CAPITAL> 0.000
<PER-SHARE-NAV-END> 1.051
<EXPENSE-RATIO> 0.65
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 14
<NAME> SELECT STRATEGIC GROWTH FUND
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> DEC-31-1998
<PERIOD-END> JUN-30-1998
<INVESTMENTS-AT-COST> 9,257,233
<INVESTMENTS-AT-VALUE> 9,169,185
<RECEIVABLES> 45,307
<ASSETS-OTHER> 87,026
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 9,301,518
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 27,550
<TOTAL-LIABILITIES> 27,550
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 9,398,133
<SHARES-COMMON-STOCK> 9,270,517
<SHARES-COMMON-PRIOR> 0
<ACCUMULATED-NII-CURRENT> 12,968
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 0
<OVERDISTRIBUTION-GAINS> 49,091
<ACCUM-APPREC-OR-DEPREC> (88,048)
<NET-ASSETS> 9,273,962
<DIVIDEND-INCOME> 23,856
<INTEREST-INCOME> 14,293
<OTHER-INCOME> 0
<EXPENSES-NET> 25,181
<NET-INVESTMENT-INCOME> 12,968
<REALIZED-GAINS-CURRENT> (49,091)
<APPREC-INCREASE-CURRENT> (88,048)
<NET-CHANGE-FROM-OPS> (124,171)
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 4,407,035
<NUMBER-OF-SHARES-REDEEMED> 8,902
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> 4,273,962
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 20,462
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 52,987
<AVERAGE-NET-ASSETS> 6,707,388
<PER-SHARE-NAV-BEGIN> 1.000
<PER-SHARE-NII> 0.001
<PER-SHARE-GAIN-APPREC> (0.001)
<PER-SHARE-DIVIDEND> 0.000
<PER-SHARE-DISTRIBUTIONS> 0.000
<RETURNS-OF-CAPITAL> 0.000
<PER-SHARE-NAV-END> 1.000
<EXPENSE-RATIO> 1.05
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 11
<NAME> SELECT INTERNATIONAL EQUITY FUND
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> DEC-31-1998
<PERIOD-END> JUN-30-1998
<INVESTMENTS-AT-COST> 398,482,515
<INVESTMENTS-AT-VALUE> 494,966,227
<RECEIVABLES> 39,893,911
<ASSETS-OTHER> 44,484,363
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 579,344,501
<PAYABLE-FOR-SECURITIES> 36,330,360
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 48,935,463
<TOTAL-LIABILITIES> 85,265,823
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 392,950,535
<SHARES-COMMON-STOCK> 313,384,917
<SHARES-COMMON-PRIOR> 296,715,707
<ACCUMULATED-NII-CURRENT> 2,593,402
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 0
<OVERDISTRIBUTION-GAINS> 1,209,692
<ACCUM-APPREC-OR-DEPREC> 99,744,433
<NET-ASSETS> 494,078,678
<DIVIDEND-INCOME> 5,510,558
<INTEREST-INCOME> 356,300
<OTHER-INCOME> 532,153
<EXPENSES-NET> 2,371,663
<NET-INVESTMENT-INCOME> 4,027,348
<REALIZED-GAINS-CURRENT> 2,354,035
<APPREC-INCREASE-CURRENT> 67,315,203
<NET-CHANGE-FROM-OPS> 73,696,586
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 3,489,700
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 52,789,062
<NUMBER-OF-SHARES-REDEEMED> 30,322,285
<SHARES-REINVESTED> 3,489,700
<NET-CHANGE-IN-ASSETS> 96,163,363
<ACCUMULATED-NII-PRIOR> 2,055,754
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 3,563,727
<GROSS-ADVISORY-FEES> 1,999,836
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 2,396,341
<AVERAGE-NET-ASSETS> 447,978,592
<PER-SHARE-NAV-BEGIN> 1.341
<PER-SHARE-NII> 0.012
<PER-SHARE-GAIN-APPREC> 0.235
<PER-SHARE-DIVIDEND> (0.011)
<PER-SHARE-DISTRIBUTIONS> 0.000
<RETURNS-OF-CAPITAL> 0.000
<PER-SHARE-NAV-END> 1.577
<EXPENSE-RATIO> 1.77
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 12
<NAME> SELECT CAPITAL APPRECIATION
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> DEC-31-1998
<PERIOD-END> JUN-30-1998
<INVESTMENTS-AT-COST> 270,288,180
<INVESTMENTS-AT-VALUE> 178,481,883
<RECEIVABLES> 2,565,808
<ASSETS-OTHER> 1,444,567
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 282,492,258
<PAYABLE-FOR-SECURITIES> 1,899,938
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 2,384,732
<TOTAL-LIABILITIES> 4,284,670
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 216,513,400
<SHARES-COMMON-STOCK> 149,980,693
<SHARES-COMMON-PRIOR> 141,678,833
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 611,390
<ACCUMULATED-NET-GAINS> 54,529,672
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 7,775,906
<NET-ASSETS> 278,207,588
<DIVIDEND-INCOME> 313,919
<INTEREST-INCOME> 419,110
<OTHER-INCOME> 0
<EXPENSES-NET> 1,333,684
<NET-INVESTMENT-INCOME> (600,655)
<REALIZED-GAINS-CURRENT> 56,374,010
<APPREC-INCREASE-CURRENT> (33,510,300)
<NET-CHANGE-FROM-OPS> 22,263,055
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 29,094,660
<NUMBER-OF-SHARES-REDEEMED> 13,675,677
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> 37,682,038
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 10,735
<OVERDIST-NET-GAINS-PRIOR> 1,844,338
<GROSS-ADVISORY-FEES> 1,186,134
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 1,338,402
<AVERAGE-NET-ASSETS> 255,160,834
<PER-SHARE-NAV-BEGIN> 1.698
<PER-SHARE-NII> (0.004)
<PER-SHARE-GAIN-APPREC> 0.161
<PER-SHARE-DIVIDEND> 0.000
<PER-SHARE-DISTRIBUTIONS> 0.000
<RETURNS-OF-CAPITAL> 0.000
<PER-SHARE-NAV-END> 1.855
<EXPENSE-RATIO> 1.06
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
