<PAGE> PAGE 1
000 A000000 06/30/96
000 C000000 0000757551
000 D000000 N
000 E000000 NF
000 F000000 Y
000 G000000 N
000 H000000 N
000 I000000 3.0
000 J000000 U
001 A000000 CHUBB AMERICA FUND, INC.
001 B000000 811-4161
001 C000000 6032265457
002 A000000 ONE GRANITE PLACE
002 B000000 CONCORD
002 C000000 NH
002 D010000 03302
003 000000 N
004 000000 N
005 000000 N
006 000000 N
007 A000000 Y
007 B000000 9
007 C010100 1
007 C020100 WORLD GROWTH STOCK PORTFOLIO
007 C030100 N
007 C010200 2
007 C020200 MONEY MARKET PORTFOLIO
007 C030200 N
007 C010300 3
007 C020300 GOLD STOCK PORTFOLIO
007 C030300 N
007 C010400 4
007 C020400 DOMESTIC GROWTH STOCK PORTFOLIO
007 C030400 N
007 C010500 5
007 C020500 BOND PORTFOLIO
007 C030500 N
007 C010600 6
007 C020600 GROWTH AND INCOME PORTFOLIO
007 C030600 N
007 C010700 7
007 C020700 CAPITAL GROWTH PORTFOLIO
007 C030700 N
007 C010800 8
007 C020800 BALANCED PORTFOLIO
007 C030800 N
007 C010900 9
007 C020900 EMERGING GROWTH PORTFOLIO
007 C030900 N
007 C011000 10
010 A00AA01 CHUBB INVESTMENT ADVISORY CORP
<PAGE> PAGE 2
010 B00AA01 801-23411
010 C01AA01 CONCORD
010 C02AA01 NH
010 C03AA01 03302
015 A00AA01 CITIBANK, N.A.
015 B00AA01 C
015 C01AA01 NEW YORK
015 C02AA01 NY
015 C03AA01 10043
015 E01AA01 X
020 A000001 BEAR STEARNS & COMPANY
020 C000001 12
020 A000002 BAIRD & COMPANY
020 C000002 11
020 A000003 MERRILL LYNCH
020 C000003 11
020 A000004 HARTLEY POYNTON
020 C000004 10
020 A000005 INSTINET
020 C000005 10
020 A000006 BV CAPITAL
020 C000006 8
020 A000007 MORGAN STANELY & CO.
020 C000007 7
020 A000008 WERTHEIM & CO.
020 C000008 7
020 A000009 GOLDMAN SACHS & CO.
020 C000009 7
020 A000010 PAINE WEBBER
020 C000010 7
021 000000 93
022 A000001 G. E. CAPITAL CORP.
022 C000001 29560
022 D000001 790
022 A000002 FIRST BOSTON
022 C000002 27888
022 D000002 24
022 A000003 HSBC NATWEST SECURITIES
022 C000003 24898
022 D000003 0
022 A000004 LEHMAN BROTHERS
022 C000004 22042
022 D000004 1077
022 A000005 GOLDMAN SACHS & CO
022 C000005 15183
022 D000005 2911
022 A000006 MORGAN STANLEY
022 C000006 15404
022 D000006 2673
022 A000007 MERRILL LYNCH
022 C000007 13347
<PAGE> PAGE 3
022 D000007 3153
022 A000008 CHEMICAL BANK
022 C000008 15786
022 D000008 0
022 A000009 NATWEST SECURITIES
022 C000009 14069
022 D000009 831
022 A000010 NATIONS BANK
022 C000010 14372
022 D000010 500
023 C000000 268021
023 D000000 47334
026 A000000 N
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
077 A000000 N
078 000000 N
080 C00AA00 0
081 B00AA00 0
082 B00AA00 0
083 B00AA00 0
084 B00AA00 0
086 A010000 0
086 A020000 0
086 B010000 0
086 B020000 0
086 C010000 0
086 C020000 0
086 D010000 0
086 D020000 0
086 E010000 0
086 E020000 0
086 F010000 0
086 F020000 0
008 A000101 TEMPLETON GLOBAL ADVISORS, INC.
008 B000101 S
008 C000101 801-000000
008 D010101 LYFORD CAY, NASSAU
008 D050101 BAHAMAS
024 000100 Y
025 A000101 BARCLAYS PLC
025 C000101 E
025 D000101 332
025 D000102 0
<PAGE> PAGE 4
025 D000103 0
025 D000104 0
025 D000105 0
025 D000106 0
025 D000107 0
025 D000108 0
028 A010100 1178
028 A020100 3152
028 A030100 0
028 A040100 464
028 B010100 816
028 B020100 0
028 B030100 0
028 B040100 230
028 C010100 901
028 C020100 557
028 C030100 0
028 C040100 339
028 D010100 1118
028 D020100 0
028 D030100 0
028 D040100 148
028 E010100 1139
028 E020100 0
028 E030100 0
028 E040100 302
028 F010100 1433
028 F020100 0
028 F030100 0
028 F040100 60
028 G010100 6585
028 G020100 3709
028 G030100 0
028 G040100 1543
028 H000100 8751
055 A000100 Y
055 B000100 N
056 000100 N
057 000100 N
062 A000100 N
062 B000100 0.0
062 C000100 0.0
062 D000100 0.0
062 E000100 0.0
062 F000100 0.0
062 G000100 0.0
062 H000100 0.0
062 I000100 0.0
062 J000100 0.0
062 K000100 0.0
062 L000100 0.0
<PAGE> PAGE 5
062 M000100 0.0
062 N000100 0.0
062 O000100 0.0
062 P000100 0.0
062 Q000100 0.0
062 R000100 0.0
066 A000100 Y
066 B000100 N
066 C000100 N
066 D000100 Y
066 E000100 N
066 F000100 N
066 G000100 N
067 000100 N
068 A000100 N
068 B000100 Y
069 000100 N
071 A000100 14616
071 B000100 9075
071 C000100 73762
071 D000100 12
072 A000100 6
072 B000100 297
072 C000100 1399
072 D000100 0
072 E000100 0
072 F000100 308
072 G000100 0
072 H000100 0
072 I000100 0
072 J000100 15
072 K000100 0
072 L000100 15
072 M000100 2
072 N000100 0
072 O000100 0
072 P000100 0
072 Q000100 0
072 R000100 9
072 S000100 0
072 T000100 0
072 U000100 0
072 V000100 0
072 W000100 9
072 X000100 358
072 Y000100 0
072 Z000100 1338
072AA000100 2872
072BB000100 0
072CC010100 2421
072CC020100 0
<PAGE> PAGE 6
072DD010100 0
072DD020100 0
072EE000100 557
073 A010100 0.0000
073 A020100 0.0000
073 B000100 0.1501
073 C000100 0.0000
074 A000100 2645
074 B000100 0
074 C000100 6442
074 D000100 2387
074 E000100 2637
074 F000100 74450
074 G000100 0
074 H000100 0
074 I000100 0
074 J000100 274
074 K000100 50
074 L000100 564
074 M000100 0
074 N000100 89449
074 O000100 859
074 P000100 0
074 Q000100 0
074 R010100 0
074 R020100 0
074 R030100 0
074 R040100 73
074 S000100 0
074 T000100 88517
074 U010100 3876
074 U020100 0
074 V010100 22.83
074 V020100 0.00
074 W000100 0.0000
074 X000100 1
074 Y000100 0
075 A000100 0
075 B000100 82331
076 000100 0.00
008 A000201 CHUBB ASSET MANAGERS, INC.
008 B000201 S
008 C000201 801-000000
008 D010201 WARREN
008 D020201 NJ
008 D030201 07061
024 000200 N
025 D000201 0
025 D000202 0
025 D000203 0
025 D000204 0
<PAGE> PAGE 7
025 D000205 0
025 D000206 0
025 D000207 0
025 D000208 0
028 A010200 514
028 A020200 402
028 A030200 0
028 A040200 894
028 B010200 440
028 B020200 0
028 B030200 0
028 B040200 956
028 C010200 1329
028 C020200 0
028 C030200 0
028 C040200 1728
028 D010200 1488
028 D020200 0
028 D030200 0
028 D040200 1183
028 E010200 550
028 E020200 0
028 E030200 0
028 E040200 614
028 F010200 1209
028 F020200 0
028 F030200 0
028 F040200 888
028 G010200 5530
028 G020200 402
028 G030200 0
028 G040200 6263
028 H000200 -331
055 A000200 N
055 B000200 N
056 000200 N
057 000200 N
062 A000200 Y
062 B000200 27.4
062 C000200 70.9
062 D000200 0.0
062 E000200 0.0
062 F000200 0.0
062 G000200 0.0
062 H000200 0.0
062 I000200 0.0
062 J000200 0.0
062 K000200 0.0
062 L000200 0.0
062 M000200 0.0
062 N000200 0.0
<PAGE> PAGE 8
062 O000200 0.0
062 P000200 0.0
062 Q000200 0.0
062 R000200 0.0
063 A000200 27
063 B000200 0.0
064 A000200 N
064 B000200 N
071 A000200 0
071 B000200 0
071 C000200 0
071 D000200 0
072 A000200 6
072 B000200 207
072 C000200 0
072 D000200 0
072 E000200 0
072 F000200 20
072 G000200 0
072 H000200 0
072 I000200 0
072 J000200 1
072 K000200 0
072 L000200 1
072 M000200 0
072 N000200 0
072 O000200 0
072 P000200 0
072 Q000200 0
072 R000200 1
072 S000200 0
072 T000200 0
072 U000200 0
072 V000200 0
072 W000200 1
072 X000200 24
072 Y000200 0
072 Z000200 183
072AA000200 0
072BB000200 0
072CC010200 1
072CC020200 0
072DD010200 0
072DD020200 0
072EE000200 0
073 A010200 0.0000
073 A020200 0.0000
073 B000200 0.0000
073 C000200 0.0000
074 A000200 99
074 B000200 0
<PAGE> PAGE 9
074 C000200 8016
074 D000200 0
074 E000200 0
074 F000200 0
074 G000200 0
074 H000200 0
074 I000200 0
074 J000200 600
074 K000200 0
074 L000200 48
074 M000200 0
074 N000200 8763
074 O000200 596
074 P000200 0
074 Q000200 0
074 R010200 0
074 R020200 0
074 R030200 0
074 R040200 4
074 S000200 0
074 T000200 8163
074 U010200 777
074 U020200 0
074 V010200 10.51
074 V020200 0.00
074 W000200 0.0000
074 X000200 1
074 Y000200 0
075 A000200 8081
075 B000200 0
076 000200 0.00
008 A000301 VANECK ASSOCIATES CORPORATION
008 B000301 S
008 C000301 801-000000
008 D010301 NEW YORK
008 D020301 NY
008 D030301 10016
024 000300 N
028 A010300 163
028 A020300 38
028 A030300 0
028 A040300 119
028 B010300 213
028 B020300 0
028 B030300 0
028 B040300 77
028 C010300 307
028 C020300 0
028 C030300 0
028 C040300 130
028 D010300 111
<PAGE> PAGE 10
028 D020300 0
028 D030300 0
028 D040300 79
028 E010300 158
028 E020300 0
028 E030300 0
028 E040300 94
028 F010300 91
028 F020300 0
028 F030300 0
028 F040300 104
028 G010300 1043
028 G020300 38
028 G030300 0
028 G040300 603
028 H000300 478
055 A000300 Y
055 B000300 N
056 000300 N
057 000300 N
062 A000300 N
062 B000300 0.0
062 C000300 0.0
062 D000300 0.0
062 E000300 0.0
062 F000300 0.0
062 G000300 0.0
062 H000300 0.0
062 I000300 0.0
062 J000300 0.0
062 K000300 0.0
062 L000300 0.0
062 M000300 0.0
062 N000300 0.0
062 O000300 0.0
062 P000300 0.0
062 Q000300 0.0
062 R000300 0.0
071 A000300 2982
071 B000300 2128
071 C000300 8265
071 D000300 26
072 A000300 6
072 B000300 10
072 C000300 25
072 D000300 0
072 E000300 0
072 F000300 32
072 G000300 0
072 H000300 0
072 I000300 0
<PAGE> PAGE 11
072 J000300 6
072 K000300 0
072 L000300 2
072 M000300 0
072 N000300 0
072 O000300 0
072 P000300 0
072 Q000300 0
072 R000300 1
072 S000300 0
072 T000300 0
072 U000300 0
072 V000300 0
072 W000300 5
072 X000300 46
072 Y000300 0
072 Z000300 -11
072AA000300 383
072BB000300 0
072CC010300 0
072CC020300 555
072DD010300 0
072DD020300 0
072EE000300 0
073 A010300 0.0000
073 A020300 0.0000
073 B000300 0.0000
073 C000300 0.0000
074 A000300 210
074 B000300 0
074 C000300 0
074 D000300 0
074 E000300 0
074 F000300 8185
074 G000300 0
074 H000300 0
074 I000300 0
074 J000300 234
074 K000300 0
074 L000300 2
074 M000300 0
074 N000300 8631
074 O000300 320
074 P000300 0
074 Q000300 0
074 R010300 0
074 R020300 0
074 R030300 0
074 R040300 39
074 S000300 0
074 T000300 8272
<PAGE> PAGE 12
074 U010300 438
074 U020300 0
074 V010300 18.90
074 V020300 0.00
074 W000300 0.0000
074 X000300 1
074 Y000300 0
075 A000300 0
075 B000300 8703
076 000300 0.00
024 000400 N
028 A010400 1135
028 A020400 6059
028 A030400 0
028 A040400 228
028 B010400 1355
028 B020400 0
028 B030400 0
028 B040400 116
028 C010400 1874
028 C020400 1180
028 C030400 0
028 C040400 90
028 D010400 1076
028 D020400 0
028 D030400 0
028 D040400 158
028 E010400 917
028 E020400 0
028 E030400 0
028 E040400 201
028 F010400 865
028 F020400 0
028 F030400 0
028 F040400 238
028 G010400 7222
028 G020400 7239
028 G030400 0
028 G040400 1031
028 H000400 13430
055 A000400 N
055 B000400 N
056 000400 N
057 000400 N
062 A000400 N
062 B000400 0.0
062 C000400 0.0
062 D000400 0.0
062 E000400 0.0
062 F000400 0.0
062 G000400 0.0
<PAGE> PAGE 13
062 H000400 0.0
062 I000400 0.0
062 J000400 0.0
062 K000400 0.0
062 L000400 0.0
062 M000400 0.0
062 N000400 0.0
062 O000400 0.0
062 P000400 0.0
062 Q000400 0.0
062 R000400 0.0
071 A000400 24420
071 B000400 16988
071 C000400 53475
071 D000400 32
072 A000400 6
072 B000400 38
072 C000400 345
072 D000400 0
072 E000400 0
072 F000400 234
072 G000400 0
072 H000400 0
072 I000400 0
072 J000400 3
072 K000400 0
072 L000400 12
072 M000400 2
072 N000400 0
072 O000400 0
072 P000400 0
072 Q000400 0
072 R000400 8
072 S000400 0
072 T000400 0
072 U000400 0
072 V000400 0
072 W000400 4
072 X000400 263
072 Y000400 0
072 Z000400 120
072AA000400 5602
072BB000400 0
072CC010400 1229
072CC020400 0
072DD010400 0
072DD020400 0
072EE000400 1180
073 A010400 0.0000
073 A020400 0.0000
073 B000400 0.3614
<PAGE> PAGE 14
073 C000400 0.0000
074 A000400 1173
074 B000400 0
074 C000400 0
074 D000400 0
074 E000400 0
074 F000400 66513
074 G000400 0
074 H000400 0
074 I000400 0
074 J000400 0
074 K000400 8
074 L000400 71
074 M000400 0
074 N000400 67765
074 O000400 0
074 P000400 0
074 Q000400 0
074 R010400 0
074 R020400 0
074 R030400 0
074 R040400 45
074 S000400 0
074 T000400 67720
074 U010400 3441
074 U020400 0
074 V010400 19.68
074 V020400 0.00
074 W000400 0.0000
074 X000400 1
074 Y000400 0
075 A000400 0
075 B000400 62686
076 000400 0.00
024 000500 N
028 A010500 289
028 A020500 645
028 A030500 0
028 A040500 186
028 B010500 241
028 B020500 0
028 B030500 0
028 B040500 684
028 C010500 413
028 C020500 0
028 C030500 0
028 C040500 236
028 D010500 412
028 D020500 0
028 D030500 0
028 D040500 335
<PAGE> PAGE 15
028 E010500 422
028 E020500 0
028 E030500 0
028 E040500 110
028 F010500 308
028 F020500 0
028 F030500 0
028 F040500 165
028 G010500 2085
028 G020500 645
028 G030500 0
028 G040500 1716
028 H000500 1014
055 A000500 N
055 B000500 N
056 000500 N
057 000500 N
062 A000500 Y
062 B000500 0.0
062 C000500 0.0
062 D000500 0.0
062 E000500 0.0
062 F000500 0.0
062 G000500 0.0
062 H000500 0.0
062 I000500 0.0
062 J000500 0.0
062 K000500 0.0
062 L000500 0.0
062 M000500 53.0
062 N000500 36.7
062 O000500 0.0
062 P000500 0.5
062 Q000500 0.0
062 R000500 0.0
063 A000500 0
063 B000500 14.8
064 A000500 N
064 B000500 N
071 A000500 1451
071 B000500 1394
071 C000500 9244
071 D000500 15
072 A000500 6
072 B000500 315
072 C000500 0
072 D000500 0
072 E000500 0
072 F000500 24
072 G000500 0
072 H000500 0
<PAGE> PAGE 16
072 I000500 0
072 J000500 1
072 K000500 0
072 L000500 2
072 M000500 0
072 N000500 0
072 O000500 0
072 P000500 0
072 Q000500 0
072 R000500 1
072 S000500 0
072 T000500 0
072 U000500 0
072 V000500 0
072 W000500 2
072 X000500 30
072 Y000500 0
072 Z000500 285
072AA000500 40
072BB000500 0
072CC010500 0
072CC020500 515
072DD010500 0
072DD020500 0
072EE000500 0
073 A010500 0.0000
073 A020500 0.0000
073 B000500 0.0000
073 C000500 0.0000
074 A000500 921
074 B000500 0
074 C000500 0
074 D000500 9068
074 E000500 0
074 F000500 0
074 G000500 0
074 H000500 0
074 I000500 0
074 J000500 0
074 K000500 0
074 L000500 98
074 M000500 0
074 N000500 10087
074 O000500 0
074 P000500 0
074 Q000500 0
074 R010500 0
074 R020500 0
074 R030500 0
074 R040500 32
074 S000500 0
<PAGE> PAGE 17
074 T000500 10055
074 U010500 970
074 U020500 0
074 V010500 10.37
074 V020500 0.00
074 W000500 0.0000
074 X000500 1
074 Y000500 0
075 A000500 0
075 B000500 9648
076 000500 0.00
025 A000601 FIRST CHICAGO NPD
025 C000601 E
025 D000601 448
025 A000602 MERRILL LYNCH
025 C000602 E
025 D000602 521
025 A000603 PAINE WEBBER GROUP
025 C000603 E
025 D000603 518
025 D000604 0
025 D000605 0
025 D000606 0
025 D000607 0
025 D000608 0
028 A010600 1011
028 A020600 528
028 A030600 0
028 A040600 77
028 B010600 414
028 B020600 0
028 B030600 0
028 B040600 656
028 C010600 710
028 C020600 0
028 C030600 0
028 C040600 944
028 D010600 671
028 D020600 0
028 D030600 0
028 D040600 207
028 E010600 1033
028 E020600 0
028 E030600 0
028 E040600 90
028 F010600 835
028 F020600 0
028 F030600 0
028 F040600 73
028 G010600 4674
028 G020600 528
<PAGE> PAGE 18
028 G030600 0
028 G040600 2047
028 H000600 3155
055 A000600 N
055 B000600 N
056 000600 N
057 000600 N
062 A000600 N
062 B000600 0.0
062 C000600 0.0
062 D000600 0.0
062 E000600 0.0
062 F000600 0.0
062 G000600 0.0
062 H000600 0.0
062 I000600 0.0
062 J000600 0.0
062 K000600 0.0
062 L000600 0.0
062 M000600 0.0
062 N000600 0.0
062 O000600 0.0
062 P000600 0.0
062 Q000600 0.0
062 R000600 0.0
071 A000600 4585
071 B000600 2055
071 C000600 14791
071 D000600 14
072 A000600 6
072 B000600 30
072 C000600 144
072 D000600 0
072 E000600 0
072 F000600 57
072 G000600 0
072 H000600 0
072 I000600 0
072 J000600 1
072 K000600 0
072 L000600 3
072 M000600 0
072 N000600 0
072 O000600 0
072 P000600 0
072 Q000600 0
072 R000600 2
072 S000600 0
072 T000600 0
072 U000600 0
072 V000600 0
<PAGE> PAGE 19
072 W000600 3
072 X000600 66
072 Y000600 0
072 Z000600 108
072AA000600 630
072BB000600 0
072CC010600 604
072CC020600 0
072DD010600 0
072DD020600 0
072EE000600 0
073 A010600 0.0000
073 A020600 0.0000
073 B000600 0.0000
073 C000600 0.0000
074 A000600 657
074 B000600 0
074 C000600 0
074 D000600 0
074 E000600 0
074 F000600 16944
074 G000600 0
074 H000600 0
074 I000600 0
074 J000600 0
074 K000600 0
074 L000600 36
074 M000600 0
074 N000600 17637
074 O000600 0
074 P000600 0
074 Q000600 0
074 R010600 0
074 R020600 0
074 R030600 0
074 R040600 15
074 S000600 0
074 T000600 17622
074 U010600 1120
074 U020600 0
074 V010600 15.73
074 V020600 0.00
074 W000600 0.0000
074 X000600 2
074 Y000600 0
075 A000600 0
075 B000600 15273
076 000600 0.00
024 000700 N
028 A010700 1383
028 A020700 4560
<PAGE> PAGE 20
028 A030700 0
028 A040700 450
028 B010700 1341
028 B020700 0
028 B030700 0
028 B040700 408
028 C010700 1827
028 C020700 1602
028 C030700 0
028 C040700 167
028 D010700 1862
028 D020700 0
028 D030700 0
028 D040700 92
028 E010700 1716
028 E020700 0
028 E030700 0
028 E040700 83
028 F010700 1815
028 F020700 0
028 F030700 0
028 F040700 171
028 G010700 9944
028 G020700 6162
028 G030700 0
028 G040700 1371
028 H000700 14735
062 A000700 N
062 B000700 0.0
062 C000700 0.0
062 D000700 0.0
062 E000700 0.0
062 F000700 0.0
062 G000700 0.0
062 H000700 0.0
062 I000700 0.0
062 J000700 0.0
062 K000700 0.0
062 L000700 0.0
062 M000700 0.0
062 N000700 0.0
062 O000700 0.0
062 P000700 0.0
062 Q000700 0.0
062 R000700 0.0
071 A000700 30554
071 B000700 31686
071 C000700 50914
071 D000700 60
072 A000700 6
072 B000700 202
<PAGE> PAGE 21
072 C000700 237
072 D000700 0
072 E000700 0
072 F000700 316
072 G000700 0
072 H000700 0
072 I000700 0
072 J000700 7
072 K000700 0
072 L000700 12
072 M000700 0
072 N000700 0
072 O000700 0
072 P000700 0
072 Q000700 0
072 R000700 7
072 S000700 0
072 T000700 0
072 U000700 0
072 V000700 0
072 W000700 7
072 X000700 349
072 Y000700 0
072 Z000700 90
072AA000700 6255
072BB000700 0
072CC010700 4285
072CC020700 0
072DD010700 0
072DD020700 0
072EE000700 1602
073 A010700 0.0000
073 A020700 0.0000
073 B000700 0.4818
073 C000700 0.0000
074 A000700 19307
074 B000700 0
074 C000700 0
074 D000700 0
074 E000700 378
074 F000700 49840
074 G000700 0
074 H000700 0
074 I000700 0
074 J000700 4081
074 K000700 0
074 L000700 80
074 M000700 0
074 N000700 73686
074 O000700 0
074 P000700 0
<PAGE> PAGE 22
074 Q000700 0
074 R010700 0
074 R020700 0
074 R030700 0
074 R040700 70
074 S000700 0
074 T000700 73616
074 U010700 3671
074 U020700 0
074 V010700 20.05
074 V020700 0.00
074 W000700 0.0000
074 X000700 2
074 Y000700 0
075 A000700 0
075 B000700 63347
076 000700 0.00
024 000800 Y
025 A000801 NATIONS BANK
025 C000801 E
025 D000801 182
025 D000802 0
025 D000803 0
025 D000804 0
025 D000805 0
025 D000806 0
025 D000807 0
025 D000808 0
028 A010800 765
028 A020800 1243
028 A030800 0
028 A040800 54
028 B010800 1218
028 B020800 0
028 B030800 0
028 B040800 130
028 C010800 378
028 C020800 168
028 C030800 0
028 C040800 210
028 D010800 445
028 D020800 0
028 D030800 0
028 D040800 131
028 E010800 188
028 E020800 0
028 E030800 0
028 E040800 1443
028 F010800 469
028 F020800 0
028 F030800 0
<PAGE> PAGE 23
028 F040800 128
028 G010800 3463
028 G020800 1411
028 G030800 0
028 G040800 2096
028 H000800 2778
055 A000800 Y
055 B000800 N
056 000800 N
057 000800 N
062 A000800 N
062 B000800 0.0
062 C000800 0.0
062 D000800 0.0
062 E000800 0.0
062 F000800 0.0
062 G000800 0.0
062 H000800 0.0
062 I000800 0.0
062 J000800 0.0
062 K000800 0.0
062 L000800 0.0
062 M000800 0.0
062 N000800 0.0
062 O000800 0.0
062 P000800 0.0
062 Q000800 0.0
062 R000800 0.0
071 A000800 14406
071 B000800 14076
071 C000800 15036
071 D000800 94
072 A000800 6
072 B000800 216
072 C000800 49
072 D000800 0
072 E000800 0
072 F000800 64
072 G000800 0
072 H000800 0
072 I000800 0
072 J000800 9
072 K000800 0
072 L000800 3
072 M000800 0
072 N000800 0
072 O000800 0
072 P000800 0
072 Q000800 0
072 R000800 2
072 S000800 0
<PAGE> PAGE 24
072 T000800 0
072 U000800 0
072 V000800 0
072 W000800 7
072 X000800 85
072 Y000800 0
072 Z000800 180
072AA000800 834
072BB000800 0
072CC010800 0
072CC020800 388
072DD010800 0
072DD020800 0
072EE000800 168
073 A010800 0.0000
073 A020800 0.0000
073 B000800 0.1127
073 C000800 0.0000
074 A000800 4
074 B000800 0
074 C000800 2220
074 D000800 5164
074 E000800 0
074 F000800 9589
074 G000800 0
074 H000800 0
074 I000800 0
074 J000800 1035
074 K000800 0
074 L000800 78
074 M000800 0
074 N000800 18090
074 O000800 265
074 P000800 0
074 Q000800 0
074 R010800 0
074 R020800 0
074 R030800 0
074 R040800 56
074 S000800 0
074 T000800 17769
074 U010800 1451
074 U020800 0
074 V010800 12.24
074 V020800 0.00
074 W000800 0.0000
074 X000800 2
074 Y000800 0
075 A000800 0
075 B000800 17233
076 000800 0.00
<PAGE> PAGE 25
024 000900 N
028 A010900 1461
028 A020900 0
028 A030900 0
028 A040900 9
028 B010900 1117
028 B020900 0
028 B030900 0
028 B040900 156
028 C010900 1146
028 C020900 34
028 C030900 0
028 C040900 65
028 D010900 1363
028 D020900 0
028 D030900 0
028 D040900 89
028 E010900 1722
028 E020900 0
028 E030900 0
028 E040900 12
028 F010900 1243
028 F020900 0
028 F030900 0
028 F040900 18
028 G010900 8052
028 G020900 34
028 G030900 0
028 G040900 349
028 H000900 7737
055 A000900 Y
055 B000900 N
056 000900 N
057 000900 N
062 A000900 N
062 B000900 0.0
062 C000900 0.0
062 D000900 0.0
062 E000900 0.0
062 F000900 0.0
062 G000900 0.0
062 H000900 0.0
062 I000900 0.0
062 J000900 0.0
062 K000900 0.0
062 L000900 0.0
062 M000900 0.0
062 N000900 0.0
062 O000900 0.0
062 P000900 0.0
062 Q000900 0.0
<PAGE> PAGE 26
062 R000900 0.0
071 A000900 13146
071 B000900 7105
071 C000900 15430
071 D000900 46
072 A000900 6
072 B000900 31
072 C000900 12
072 D000900 0
072 E000900 0
072 F000900 65
072 G000900 0
072 H000900 0
072 I000900 0
072 J000900 20
072 K000900 0
072 L000900 3
072 M000900 0
072 N000900 0
072 O000900 0
072 P000900 0
072 Q000900 0
072 R000900 2
072 S000900 0
072 T000900 0
072 U000900 0
072 V000900 0
072 W000900 10
072 X000900 100
072 Y000900 0
072 Z000900 -57
072AA000900 620
072BB000900 0
072CC010900 1703
072CC020900 0
072DD010900 0
072DD020900 0
072EE000900 33
073 A010900 0.0000
073 A020900 0.0000
073 B000900 0.0299
073 C000900 0.0000
074 A000900 247
074 B000900 0
074 C000900 2298
074 D000900 0
074 E000900 0
074 F000900 18616
074 G000900 0
074 H000900 0
074 I000900 0
<PAGE> PAGE 27
074 J000900 2745
074 K000900 74
074 L000900 8
074 M000900 0
074 N000900 23988
074 O000900 2552
074 P000900 0
074 Q000900 0
074 R010900 0
074 R020900 0
074 R030900 0
074 R040900 27
074 S000900 0
074 T000900 21409
074 U010900 1398
074 U020900 0
074 V010900 15.32
074 V020900 0.00
074 W000900 0.0000
074 X000900 2
074 Y000900 0
075 A000900 0
075 B000900 16371
076 000900 0.00
SIGNATURE DONNA WILBUR
TITLE ACCOUNTANT
[ARTICLE] 6
[SERIES]
[NUMBER] 1
[NAME] WORLD GROWTH STOCK PORTFOLIO
<TABLE>
<S> <C>
[PERIOD-TYPE] 6-MOS
[FISCAL-YEAR-END] DEC-31-1996
[PERIOD-END] JUN-30-1996
[INVESTMENTS-AT-COST] 70563765
[INVESTMENTS-AT-VALUE] 85916116
[RECEIVABLES] 888389
[ASSETS-OTHER] 2644523
[OTHER-ITEMS-ASSETS] 0
[TOTAL-ASSETS] 89449028
[PAYABLE-FOR-SECURITIES] 858585
[SENIOR-LONG-TERM-DEBT] 0
[OTHER-ITEMS-LIABILITIES] 73673
[TOTAL-LIABILITIES] 932258
[SENIOR-EQUITY] 0
[PAID-IN-CAPITAL-COMMON] 69412906
[SHARES-COMMON-STOCK] 3876398
[SHARES-COMMON-PRIOR] 3475276
[ACCUMULATED-NII-CURRENT] 808781
[OVERDISTRIBUTION-NII] 0
[ACCUMULATED-NET-GAINS] 2946464
[OVERDISTRIBUTION-GAINS] 0
[ACCUM-APPREC-OR-DEPREC] 15348619
[NET-ASSETS] 88516770
[DIVIDEND-INCOME] 1399160
[INTEREST-INCOME] 297167
[OTHER-INCOME] 0
[EXPENSES-NET] 358598
[NET-INVESTMENT-INCOME] 1337729
[REALIZED-GAINS-CURRENT] 2871535
[APPREC-INCREASE-CURRENT] 2420894
[NET-CHANGE-FROM-OPS] 6630158
[EQUALIZATION] 0
[DISTRIBUTIONS-OF-INCOME] 0
[DISTRIBUTIONS-OF-GAINS] 556741
[DISTRIBUTIONS-OTHER] 0
[NUMBER-OF-SHARES-SOLD] 297664
[NUMBER-OF-SHARES-REDEEMED] 70499
[SHARES-REINVESTED] 173957
[NET-CHANGE-IN-ASSETS] 14824413
[ACCUMULATED-NII-PRIOR] 1578594
[ACCUMULATED-GAINS-PRIOR] 556740
[OVERDISTRIB-NII-PRIOR] 454018
[OVERDIST-NET-GAINS-PRIOR] 0
[GROSS-ADVISORY-FEES] 307912
[INTEREST-EXPENSE] 0
[GROSS-EXPENSE] 0
[AVERAGE-NET-ASSETS] 82330979
[PER-SHARE-NAV-BEGIN] 21.20
[PER-SHARE-NII] .34
[PER-SHARE-GAIN-APPREC] 1.44
[PER-SHARE-DIVIDEND] 0
[PER-SHARE-DISTRIBUTIONS] .15
[RETURNS-OF-CAPITAL] 0
[PER-SHARE-NAV-END] 22.83
[EXPENSE-RATIO] .87
[AVG-DEBT-OUTSTANDING] 0
[AVG-DEBT-PER-SHARE] 0
</TABLE>
[ARTICLE] 6
[SERIES]
[NUMBER] 2
[NAME] MONEY MARKET PORTFOLIO
<TABLE>
<S> <C>
[PERIOD-TYPE] 6-MOS
[FISCAL-YEAR-END] DEC-31-1996
[PERIOD-END] JUN-30-1996
[INVESTMENTS-AT-COST] 8016294
[INVESTMENTS-AT-VALUE] 8016294
[RECEIVABLES] 647582
[ASSETS-OTHER] 99368
[OTHER-ITEMS-ASSETS] 0
[TOTAL-ASSETS] 8763244
[PAYABLE-FOR-SECURITIES] 596040
[SENIOR-LONG-TERM-DEBT] 0
[OTHER-ITEMS-LIABILITIES] 3951
[TOTAL-LIABILITIES] 599991
[SENIOR-EQUITY] 0
[PAID-IN-CAPITAL-COMMON] 7981329
[SHARES-COMMON-STOCK] 777081
[SHARES-COMMON-PRIOR] 809271
[ACCUMULATED-NII-CURRENT] 182964
[OVERDISTRIBUTION-NII] 0
[ACCUMULATED-NET-GAINS] (1040)
[OVERDISTRIBUTION-GAINS] 0
[ACCUM-APPREC-OR-DEPREC] 0
[NET-ASSETS] 8163253
[DIVIDEND-INCOME] 0
[INTEREST-INCOME] 207379
[OTHER-INCOME] 0
[EXPENSES-NET] 24415
[NET-INVESTMENT-INCOME] 182964
[REALIZED-GAINS-CURRENT] (95)
[APPREC-INCREASE-CURRENT] (1316)
[NET-CHANGE-FROM-OPS] 181553
[EQUALIZATION] 0
[DISTRIBUTIONS-OF-INCOME] 0
[DISTRIBUTIONS-OF-GAINS] 0
[DISTRIBUTIONS-OTHER] 0
[NUMBER-OF-SHARES-SOLD] 531787
[NUMBER-OF-SHARES-REDEEMED] 603083
[SHARES-REINVESTED] 39106
[NET-CHANGE-IN-ASSETS] (149423)
[ACCUMULATED-NII-PRIOR] 0
[ACCUMULATED-GAINS-PRIOR] 945
[OVERDISTRIB-NII-PRIOR] 0
[OVERDIST-NET-GAINS-PRIOR] 0
[GROSS-ADVISORY-FEES] 20098
[INTEREST-EXPENSE] 0
[GROSS-EXPENSE] 0
[AVERAGE-NET-ASSETS] 8081345
[PER-SHARE-NAV-BEGIN] 10.27
[PER-SHARE-NII] .24
[PER-SHARE-GAIN-APPREC] 0
[PER-SHARE-DIVIDEND] 0
[PER-SHARE-DISTRIBUTIONS] 0
[RETURNS-OF-CAPITAL] 0
[PER-SHARE-NAV-END] 10.51
[EXPENSE-RATIO] .61
[AVG-DEBT-OUTSTANDING] 0
[AVG-DEBT-PER-SHARE] 0
</TABLE>
[ARTICLE] 6
[SERIES]
[NUMBER] 3
[NAME] GOLD STOCK PORTFOLIO
<TABLE>
<S> <C>
[PERIOD-TYPE] 6-MOS
[FISCAL-YEAR-END] DEC-31-1996
[PERIOD-END] JUN-30-1996
[INVESTMENTS-AT-COST] 6947808
[INVESTMENTS-AT-VALUE] 8184512
[RECEIVABLES] 236456
[ASSETS-OTHER] 209998
[OTHER-ITEMS-ASSETS] 0
[TOTAL-ASSETS] 8630966
[PAYABLE-FOR-SECURITIES] 319955
[SENIOR-LONG-TERM-DEBT] 0
[OTHER-ITEMS-LIABILITIES] 38519
[TOTAL-LIABILITIES] 358474
[SENIOR-EQUITY] 0
[PAID-IN-CAPITAL-COMMON] 7068528
[SHARES-COMMON-STOCK] 437658
[SHARES-COMMON-PRIOR] 413432
[ACCUMULATED-NII-CURRENT] (93422)
[OVERDISTRIBUTION-NII] 0
[ACCUMULATED-NET-GAINS] 61123
[OVERDISTRIBUTION-GAINS] 0
[ACCUM-APPREC-OR-DEPREC] 1236263
[NET-ASSETS] 8272492
[DIVIDEND-INCOME] 24553
[INTEREST-INCOME] 10408
[OTHER-INCOME] 0
[EXPENSES-NET] 45947
[NET-INVESTMENT-INCOME] (10986)
[REALIZED-GAINS-CURRENT] 383425
[APPREC-INCREASE-CURRENT] 554053
[NET-CHANGE-FROM-OPS] 926492
[EQUALIZATION] 0
[DISTRIBUTIONS-OF-INCOME] 0
[DISTRIBUTIONS-OF-GAINS] 0
[DISTRIBUTIONS-OTHER] 0
[NUMBER-OF-SHARES-SOLD] 51780
[NUMBER-OF-SHARES-REDEEMED] 29813
[SHARES-REINVESTED] 2259
[NET-CHANGE-IN-ASSETS] 1404847
[ACCUMULATED-NII-PRIOR] 0
[ACCUMULATED-GAINS-PRIOR] 332934
[OVERDISTRIB-NII-PRIOR] 71804
[OVERDIST-NET-GAINS-PRIOR] 0
[GROSS-ADVISORY-FEES] 32449
[INTEREST-EXPENSE] 0
[GROSS-EXPENSE] 0
[AVERAGE-NET-ASSETS] 8703484
[PER-SHARE-NAV-BEGIN] 16.61
[PER-SHARE-NII] (.04)
[PER-SHARE-GAIN-APPREC] 2.33
[PER-SHARE-DIVIDEND] 0
[PER-SHARE-DISTRIBUTIONS] 0
[RETURNS-OF-CAPITAL] 0
[PER-SHARE-NAV-END] 18.90
[EXPENSE-RATIO] 1.06
[AVG-DEBT-OUTSTANDING] 0
[AVG-DEBT-PER-SHARE] 0
</TABLE>
[ARTICLE] 6
[SERIES]
[NUMBER] 4
[NAME] DOMESTIC GROWTH STOCK PORTFOLIO
<TABLE>
<S> <C>
[PERIOD-TYPE] 6-MOS
[FISCAL-YEAR-END] DEC-31-1996
[PERIOD-END] JUN-30-1996
[INVESTMENTS-AT-COST] 57470257
[INVESTMENTS-AT-VALUE] 66513230
[RECEIVABLES] 79298
[ASSETS-OTHER] 1172606
[OTHER-ITEMS-ASSETS] 0
[TOTAL-ASSETS] 67765134
[PAYABLE-FOR-SECURITIES] 0
[SENIOR-LONG-TERM-DEBT] 0
[OTHER-ITEMS-LIABILITIES] 45544
[TOTAL-LIABILITIES] 45544
[SENIOR-EQUITY] 0
[PAID-IN-CAPITAL-COMMON] 52953927
[SHARES-COMMON-STOCK] 3440892
[SHARES-COMMON-PRIOR] 2715671
[ACCUMULATED-NII-CURRENT] 120435
[OVERDISTRIBUTION-NII] 0
[ACCUMULATED-NET-GAINS] 5602255
[OVERDISTRIBUTION-GAINS] 0
[ACCUM-APPREC-OR-DEPREC] 90429730
[NET-ASSETS] 67719590
[DIVIDEND-INCOME] 344776
[INTEREST-INCOME] 38335
[OTHER-INCOME] 0
[EXPENSES-NET] 262676
[NET-INVESTMENT-INCOME] 120435
[REALIZED-GAINS-CURRENT] 5602255
[APPREC-INCREASE-CURRENT] 1229101
[NET-CHANGE-FROM-OPS] 6951791
[EQUALIZATION] 0
[DISTRIBUTIONS-OF-INCOME] 0
[DISTRIBUTIONS-OF-GAINS] 0
[DISTRIBUTIONS-OTHER] 0
[NUMBER-OF-SHARES-SOLD] 377735
[NUMBER-OF-SHARES-REDEEMED] 53770
[SHARES-REINVESTED] 401256
[NET-CHANGE-IN-ASSETS] 19201704
[ACCUMULATED-NII-PRIOR] 0
[ACCUMULATED-GAINS-PRIOR] 1180117
[OVERDISTRIB-NII-PRIOR] 0
[OVERDIST-NET-GAINS-PRIOR] 0
[GROSS-ADVISORY-FEES] 233748
[INTEREST-EXPENSE] 0
[GROSS-EXPENSE] 262676
[AVERAGE-NET-ASSETS] 62685580
[PER-SHARE-NAV-BEGIN] 17.87
[PER-SHARE-NII] .04
[PER-SHARE-GAIN-APPREC] 1.44
[PER-SHARE-DIVIDEND] 0
[PER-SHARE-DISTRIBUTIONS] (.36)
[RETURNS-OF-CAPITAL] 0
[PER-SHARE-NAV-END] 18.99
[EXPENSE-RATIO] .84
[AVG-DEBT-OUTSTANDING] 0
[AVG-DEBT-PER-SHARE] 0
</TABLE>
[ARTICLE] 6
[SERIES]
[NUMBER] 5
[NAME] BOND PORTFOLIO
<TABLE>
<S> <C>
[PERIOD-TYPE] 6-MOS
[FISCAL-YEAR-END] DEC-31-1996
[PERIOD-END] JUN-30-1996
[INVESTMENTS-AT-COST] 9175753
[INVESTMENTS-AT-VALUE] 9068199
[RECEIVABLES] 98248
[ASSETS-OTHER] 920880
[OTHER-ITEMS-ASSETS] 0
[TOTAL-ASSETS] 10087327
[PAYABLE-FOR-SECURITIES] 0
[SENIOR-LONG-TERM-DEBT] 0
[OTHER-ITEMS-LIABILITIES] 32428
[TOTAL-LIABILITIES] 32428
[SENIOR-EQUITY] 0
[PAID-IN-CAPITAL-COMMON] 9871909
[SHARES-COMMON-STOCK] 969621
[SHARES-COMMON-PRIOR] 871579
[ACCUMULATED-NII-CURRENT] 285279
[OVERDISTRIBUTION-NII] 0
[ACCUMULATED-NET-GAINS] 5265
[OVERDISTRIBUTION-GAINS] 0
[ACCUM-APPREC-OR-DEPREC] (107,559)
[NET-ASSETS] 10054899
[DIVIDEND-INCOME] 0
[INTEREST-INCOME] 315149
[OTHER-INCOME] 0
[EXPENSES-NET] 29870
[NET-INVESTMENT-INCOME] 285279
[REALIZED-GAINS-CURRENT] 39930
[APPREC-INCREASE-CURRENT] (514653)
[NET-CHANGE-FROM-OPS] (189444)
[EQUALIZATION] 0
[DISTRIBUTIONS-OF-INCOME] 0
[DISTRIBUTIONS-OF-GAINS] 00
[DISTRIBUTIONS-OTHER] 0
[NUMBER-OF-SHARES-SOLD] 200679
[NUMBER-OF-SHARES-REDEEMED] 163534
[SHARES-REINVESTED] 60897
[NET-CHANGE-IN-ASSETS] 824809
[ACCUMULATED-NII-PRIOR] 644900
[ACCUMULATED-GAINS-PRIOR] (34665)
[OVERDISTRIB-NII-PRIOR] 0
[OVERDIST-NET-GAINS-PRIOR] 0
[GROSS-ADVISORY-FEES] 23991
[INTEREST-EXPENSE] 0
[GROSS-EXPENSE] 29870
[AVERAGE-NET-ASSETS] 9647803
[PER-SHARE-NAV-BEGIN] 10.59
[PER-SHARE-NII] .29
[PER-SHARE-GAIN-APPREC] (.51)
[PER-SHARE-DIVIDEND] 0
[PER-SHARE-DISTRIBUTIONS] 0
[RETURNS-OF-CAPITAL] 0
[PER-SHARE-NAV-END] 10.37
[EXPENSE-RATIO] .62
[AVG-DEBT-OUTSTANDING] 0
[AVG-DEBT-PER-SHARE] 0
</TABLE>
[ARTICLE] 6
[SERIES]
[NUMBER] 6
[NAME] GROWTH & INCOME PORTFOLIO
<TABLE>
<S> <C>
[PERIOD-TYPE] 6-MOS
[FISCAL-YEAR-END] DEC-31-1996
[PERIOD-END] JUN-30-1996
[INVESTMENTS-AT-COST] 14478741
[INVESTMENTS-AT-VALUE] 16943576
[RECEIVABLES] 35568
[ASSETS-OTHER] 657694
[OTHER-ITEMS-ASSETS] 0
[TOTAL-ASSETS] 17636838
[PAYABLE-FOR-SECURITIES] 0
[SENIOR-LONG-TERM-DEBT] 0
[OTHER-ITEMS-LIABILITIES] 14526
[TOTAL-LIABILITIES] 14526
[SENIOR-EQUITY] 0
[PAID-IN-CAPITAL-COMMON] 14551814
[SHARES-COMMON-STOCK] 1120248
[SHARES-COMMON-PRIOR] 910807
[ACCUMULATED-NII-CURRENT] 107760
[OVERDISTRIBUTION-NII] 0
[ACCUMULATED-NET-GAINS] 497903
[OVERDISTRIBUTION-GAINS] 0
[ACCUM-APPREC-OR-DEPREC] 2464835
[NET-ASSETS] 17622312
[DIVIDEND-INCOME] 143840
[INTEREST-INCOME] 29916
[OTHER-INCOME] 0
[EXPENSES-NET] 65996
[NET-INVESTMENT-INCOME] 107760
[REALIZED-GAINS-CURRENT] 630077
[APPREC-INCREASE-CURRENT] 603660
[NET-CHANGE-FROM-OPS] 1341497
[EQUALIZATION] 0
[DISTRIBUTIONS-OF-INCOME] 00
[DISTRIBUTIONS-OF-GAINS] 0
[DISTRIBUTIONS-OTHER] 0
[NUMBER-OF-SHARES-SOLD] 309656
[NUMBER-OF-SHARES-REDEEMED] 136857
[SHARES-REINVESTED] 36642
[NET-CHANGE-IN-ASSETS] 4496289
[ACCUMULATED-NII-PRIOR] 0
[ACCUMULATED-GAINS-PRIOR] 0
[OVERDISTRIB-NII-PRIOR] 0
[OVERDIST-NET-GAINS-PRIOR] 0
[GROSS-ADVISORY-FEES] 57120
[INTEREST-EXPENSE] 0
[GROSS-EXPENSE] 65996
[AVERAGE-NET-ASSETS] 15272891
[PER-SHARE-NAV-BEGIN] 14.41
[PER-SHARE-NII] .10
[PER-SHARE-GAIN-APPREC] 1.22
[PER-SHARE-DIVIDEND] 0
[PER-SHARE-DISTRIBUTIONS] 0
[RETURNS-OF-CAPITAL] 0
[PER-SHARE-NAV-END] 15.73
[EXPENSE-RATIO] .87
[AVG-DEBT-OUTSTANDING] 0
[AVG-DEBT-PER-SHARE] 0
</TABLE>
[ARTICLE] 6
[SERIES]
[NUMBER] 7
[NAME] CAPITAL GROWTH PORTFOLIO
<TABLE>
<S> <C>
[PERIOD-TYPE] 6-MOS
[FISCAL-YEAR-END] DEC-31-1996
[PERIOD-END] JUN-30-1996
[INVESTMENTS-AT-COST] 37046205
[INVESTMENTS-AT-VALUE] 50218448
[RECEIVABLES] 4160411
[ASSETS-OTHER] 19307209
[OTHER-ITEMS-ASSETS] 0
[TOTAL-ASSETS] 73686068
[PAYABLE-FOR-SECURITIES] 0
[SENIOR-LONG-TERM-DEBT] 0
[OTHER-ITEMS-LIABILITIES] 70472
[TOTAL-LIABILITIES] 70472
[SENIOR-EQUITY] 0
[PAID-IN-CAPITAL-COMMON] 54099199
[SHARES-COMMON-STOCK] 3671254
[SHARES-COMMON-PRIOR] 2869198
[ACCUMULATED-NII-CURRENT] 86787
[OVERDISTRIBUTION-NII] 0
[ACCUMULATED-NET-GAINS] 6257679
[OVERDISTRIBUTION-GAINS] 0
[ACCUM-APPREC-OR-DEPREC] 13171931
[NET-ASSETS] 73615596
[DIVIDEND-INCOME] 236570
[INTEREST-INCOME] 202338
[OTHER-INCOME] 0
[EXPENSES-NET] 348464
[NET-INVESTMENT-INCOME] 90444
[REALIZED-GAINS-CURRENT] 6255165
[APPREC-INCREASE-CURRENT] 4284653
[NET-CHANGE-FROM-OPS] 10630262
[EQUALIZATION] 0
[DISTRIBUTIONS-OF-INCOME] 0
[DISTRIBUTIONS-OF-GAINS] 1602334
[DISTRIBUTIONS-OTHER] 0
[NUMBER-OF-SHARES-SOLD] 528802
[NUMBER-OF-SHARES-REDEEMED] 75263
[SHARES-REINVESTED] 348517
[NET-CHANGE-IN-ASSETS] 23762567
[ACCUMULATED-NII-PRIOR] 0
[ACCUMULATED-GAINS-PRIOR] 1602334
[OVERDISTRIB-NII-PRIOR] 1143
[OVERDIST-NET-GAINS-PRIOR] 0
[GROSS-ADVISORY-FEES] 315849
[INTEREST-EXPENSE] 0
[GROSS-EXPENSE] 348464
[AVERAGE-NET-ASSETS] 63347197
[PER-SHARE-NAV-BEGIN] 17.38
[PER-SHARE-NII] .02
[PER-SHARE-GAIN-APPREC] 3.13
[PER-SHARE-DIVIDEND] 0
[PER-SHARE-DISTRIBUTIONS] .48
[RETURNS-OF-CAPITAL] 0
[PER-SHARE-NAV-END] 20.05
[EXPENSE-RATIO] 1.10
[AVG-DEBT-OUTSTANDING] 0
[AVG-DEBT-PER-SHARE] 0
</TABLE>
[ARTICLE] 6
[SERIES]
[NUMBER] 8
[NAME] BALANCED PORTFOLIO
<TABLE>
<S> <C>
[PERIOD-TYPE] 6-MOS
[FISCAL-YEAR-END] DEC-31-1996
[PERIOD-END] JUN-30-1996
[INVESTMENTS-AT-COST] 16109498
[INVESTMENTS-AT-VALUE] 16973851
[RECEIVABLES] 1111625
[ASSETS-OTHER] 4537
[OTHER-ITEMS-ASSETS] 0
[TOTAL-ASSETS] 18090013
[PAYABLE-FOR-SECURITIES] 264555
[SENIOR-LONG-TERM-DEBT] 0
[OTHER-ITEMS-LIABILITIES] 56938
[TOTAL-LIABILITIES] 321493
[SENIOR-EQUITY] 0
[PAID-IN-CAPITAL-COMMON] 15890405
[SHARES-COMMON-STOCK] 1451484
[SHARES-COMMON-PRIOR] 1220439
[ACCUMULATED-NII-CURRENT] 179840
[OVERDISTRIBUTION-NII] 0
[ACCUMULATED-NET-GAINS] 833822
[OVERDISTRIBUTION-GAINS] 0
[ACCUM-APPREC-OR-DEPREC] 864353
[NET-ASSETS] 17768520
[DIVIDEND-INCOME] 48784
[INTEREST-INCOME] 216120
[OTHER-INCOME] 0
[EXPENSES-NET] 84964
[NET-INVESTMENT-INCOME] 179940
[REALIZED-GAINS-CURRENT] 833822
[APPREC-INCREASE-CURRENT] (387628)
[NET-CHANGE-FROM-OPS] 626134
[EQUALIZATION] 0
[DISTRIBUTIONS-OF-INCOME] 0
[DISTRIBUTIONS-OF-GAINS] 167827
[DISTRIBUTIONS-OTHER] 0
[NUMBER-OF-SHARES-SOLD] 289093
[NUMBER-OF-SHARES-REDEEMED] 176640
[SHARES-REINVESTED] 118592
[NET-CHANGE-IN-ASSETS] 3236252
[ACCUMULATED-NII-PRIOR] 0
[ACCUMULATED-GAINS-PRIOR] 167827
[OVERDISTRIB-NII-PRIOR] 0
[OVERDIST-NET-GAINS-PRIOR] 0
[GROSS-ADVISORY-FEES] 64449
[INTEREST-EXPENSE] 0
[GROSS-EXPENSE] 84964
[AVERAGE-NET-ASSETS] 17232509
[PER-SHARE-NAV-BEGIN] 11.91
[PER-SHARE-NII] .12
[PER-SHARE-GAIN-APPREC] .32
[PER-SHARE-DIVIDEND] 0
[PER-SHARE-DISTRIBUTIONS] (.11)
[RETURNS-OF-CAPITAL] 0
[PER-SHARE-NAV-END] 12.24
[EXPENSE-RATIO] .99
[AVG-DEBT-OUTSTANDING] 0
[AVG-DEBT-PER-SHARE] 0
</TABLE>
[ARTICLE] 6
[SERIES]
[NUMBER] 9
[NAME] EMERGING GROWTH PORTFOLIO
<TABLE>
<S> <C>
[PERIOD-TYPE] 6-MOS
[FISCAL-YEAR-END] DEC-31-1996
[PERIOD-END] JUN-30-1996
[INVESTMENTS-AT-COST] 17771335
[INVESTMENTS-AT-VALUE] 20913896
[RECEIVABLES] 2826185
[ASSETS-OTHER] 247456
[OTHER-ITEMS-ASSETS] 0
[TOTAL-ASSETS] 23987537
[PAYABLE-FOR-SECURITIES] 2552231
[SENIOR-LONG-TERM-DEBT] 0
[OTHER-ITEMS-LIABILITIES] 25967
[TOTAL-LIABILITIES] 2578198
[SENIOR-EQUITY] 0
[PAID-IN-CAPITAL-COMMON] 17703169
[SHARES-COMMON-STOCK] 1397826
[SHARES-COMMON-PRIOR] 860878
[ACCUMULATED-NII-CURRENT] 0
[OVERDISTRIBUTION-NII] 56661
[ACCUMULATED-NET-GAINS] 620270
[OVERDISTRIBUTION-GAINS] 0
[ACCUM-APPREC-OR-DEPREC] 3142561
[NET-ASSETS] 21409339
[DIVIDEND-INCOME] 11785
[INTEREST-INCOME] 30547
[OTHER-INCOME] 0
[EXPENSES-NET] 98993
[NET-INVESTMENT-INCOME] (56661)
[REALIZED-GAINS-CURRENT] 620270
[APPREC-INCREASE-CURRENT] 1703182
[NET-CHANGE-FROM-OPS] 2266791
[EQUALIZATION] 0
[DISTRIBUTIONS-OF-INCOME] 0
[DISTRIBUTIONS-OF-GAINS] 33482
[DISTRIBUTIONS-OTHER] 0
[NUMBER-OF-SHARES-SOLD] 559295
[NUMBER-OF-SHARES-REDEEMED] 24706
[SHARES-REINVESTED] 2359
[NET-CHANGE-IN-ASSETS] 9969815
[ACCUMULATED-NII-PRIOR] 0
[ACCUMULATED-GAINS-PRIOR] 33482
[OVERDISTRIB-NII-PRIOR] 0
[OVERDIST-NET-GAINS-PRIOR] 0
[GROSS-ADVISORY-FEES] 65301
[INTEREST-EXPENSE] 0
[GROSS-EXPENSE] 98993
[AVERAGE-NET-ASSETS] 0
[PER-SHARE-NAV-BEGIN] 13.29
[PER-SHARE-NII] (.04)
[PER-SHARE-GAIN-APPREC] 2.1
[PER-SHARE-DIVIDEND] 0
[PER-SHARE-DISTRIBUTIONS] (.03)
[RETURNS-OF-CAPITAL] 0
[PER-SHARE-NAV-END] 15.32
[EXPENSE-RATIO] 1.21
[AVG-DEBT-OUTSTANDING] 0
[AVG-DEBT-PER-SHARE] 0
</TABLE>
