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<PAGE> PAGE 2
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<PAGE> PAGE 3
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<PAGE> PAGE 4
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<PAGE> PAGE 8
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<PAGE> PAGE 9
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<PAGE> PAGE 10
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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 17
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<PAGE> PAGE 18
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<PAGE> PAGE 19
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072 T001000 0
072 U001000 0
072 V001000 0
072 W001000 3
072 X001000 156
074 N001000 62916
074 T001000 59800
075 A001000 0
075 B001000 54172
062 A001100 Y
062 B001100 0.0
062 C001100 3.4
062 D001100 0.0
062 E001100 0.0
062 F001100 0.0
062 G001100 0.0
<PAGE> PAGE 20
062 H001100 0.0
062 I001100 5.0
062 J001100 0.0
062 K001100 0.0
062 L001100 0.0
062 M001100 38.5
062 N001100 26.4
062 O001100 0.0
062 P001100 22.1
062 Q001100 3.6
062 R001100 0.0
063 A001100 0
063 B001100 8.7
064 A001100 N
070 A011100 Y
070 A021100 N
070 B011100 Y
070 B021100 N
070 C011100 Y
070 C021100 Y
070 D011100 Y
070 D021100 N
070 E011100 Y
070 E021100 N
070 F011100 Y
070 F021100 N
070 G011100 Y
070 G021100 N
070 H011100 Y
070 H021100 N
070 I011100 N
070 I021100 N
070 J011100 Y
070 J021100 N
070 K011100 Y
070 K021100 N
070 L011100 Y
070 L021100 Y
070 M011100 Y
070 M021100 N
070 N011100 Y
070 N021100 N
070 O011100 Y
070 O021100 N
070 P011100 Y
070 P021100 N
070 Q011100 N
070 Q021100 N
070 R011100 Y
070 R021100 N
071 A001100 358519
<PAGE> PAGE 21
071 B001100 320595
071 C001100 110231
071 D001100 291
072 A001100 6
074 N001100 147121
074 T001100 146454
075 A001100 0
075 B001100 136882
062 A001200 N
062 B001200 0.0
062 C001200 0.0
062 D001200 0.0
062 E001200 0.0
062 F001200 0.0
062 G001200 0.0
062 H001200 0.0
062 I001200 0.0
062 J001200 0.0
062 K001200 0.0
062 L001200 0.0
062 M001200 0.0
062 N001200 0.0
062 O001200 0.0
062 P001200 0.0
062 Q001200 0.0
062 R001200 0.0
070 A011200 Y
070 A021200 N
070 B011200 Y
070 B021200 N
070 C011200 Y
070 C021200 N
070 D011200 Y
070 D021200 N
070 E011200 Y
070 E021200 N
070 F011200 Y
070 F021200 N
070 G011200 Y
070 G021200 N
070 H011200 Y
070 H021200 N
070 I011200 Y
070 I021200 N
070 J011200 Y
070 J021200 Y
070 K011200 Y
070 K021200 N
070 L011200 Y
070 L021200 N
070 M011200 Y
<PAGE> PAGE 22
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 Y
070 R021200 N
071 A001200 32751
071 B001200 11232
071 C001200 34212
071 D001200 33
072 A001200 6
074 N001200 61118
074 T001200 60218
075 A001200 0
075 B001200 45115
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
070 A011300 Y
070 A021300 N
070 B011300 Y
070 B021300 N
070 C011300 Y
070 C021300 N
070 D011300 Y
070 D021300 N
070 E011300 Y
070 E021300 N
070 F011300 Y
070 F021300 Y
070 G011300 Y
<PAGE> PAGE 23
070 G021300 N
070 H011300 Y
070 H021300 N
070 I011300 Y
070 I021300 N
070 J011300 Y
070 J021300 N
070 K011300 Y
070 K021300 N
070 L011300 Y
070 L021300 N
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 Y
070 R021300 N
071 A001300 31013
071 B001300 3046
071 C001300 50628
071 D001300 6
072 A001300 6
074 N001300 78778
074 T001300 78648
075 A001300 0
075 A001300 51172
075 A001300 0.00
075 B001300 29599
075 B001300 29599
075 B001300 29599
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
062 J001400 0.0
062 K001400 0.0
062 L001400 0.0
062 M001400 0.0
062 N001400 0.0
062 O001400 0.0
<PAGE> PAGE 24
062 P001400 0.0
062 Q001400 0.0
062 R001400 0.0
070 A011400 Y
070 A021400 N
070 B011400 Y
070 B021400 N
070 C011400 Y
070 C021400 N
070 D011400 Y
070 D021400 N
070 E011400 Y
070 E021400 N
070 F011400 Y
070 F021400 N
070 G011400 Y
070 G021400 N
070 H011400 Y
070 H021400 N
070 I011400 Y
070 I021400 N
070 J011400 Y
070 J021400 Y
070 K011400 Y
070 K021400 N
070 L011400 Y
070 L021400 Y
070 M011400 Y
070 M021400 Y
070 N011400 Y
070 N021400 N
070 O011400 Y
070 O021400 N
070 P011400 Y
070 P021400 N
070 Q011400 N
070 Q021400 N
070 R011400 Y
070 R021400 N
071 A001400 4544
071 B001400 568
071 C001400 1683
071 D001400 17
072 A001400 6
074 N001400 7121
074 T001400 6809
075 A001400 0
075 B001400 6065
SIGNATURE STEVE YU
TITLE AVP
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 1
<NAME> COMMON STOCK PORTFOLIO
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> DEC-31-1995
<PERIOD-END> JUN-30-1995
<INVESTMENTS-AT-COST> 3,603,354,667
<INVESTMENTS-AT-VALUE> 4,348,848,073
<RECEIVABLES> 24,011,877
<ASSETS-OTHER> 32,898,832
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 4,405,758,782
<PAYABLE-FOR-SECURITIES> 115,005,968
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 40,916,582
<TOTAL-LIABILITIES> 155,922,550
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 3,489,614,895
<SHARES-COMMON-STOCK> 270,204,528
<SHARES-COMMON-PRIOR> 259,461,555
<ACCUMULATED-NII-CURRENT> 3,877,947
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 29,713,549
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 726,629,841
<NET-ASSETS> 4,249,836,232
<DIVIDEND-INCOME> 32,304,898
<INTEREST-INCOME> 3,778,891
<OTHER-INCOME> 0
<EXPENSES-NET> 7,408,772
<NET-INVESTMENT-INCOME> 28,675,017
<REALIZED-GAINS-CURRENT> 45,194,907
<APPREC-INCREASE-CURRENT> 582,990,423
<NET-CHANGE-FROM-OPS> 656,860,347
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 28,349,586
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 13,752,409
<NUMBER-OF-SHARES-REDEEMED> (4,893,970)
<SHARES-REINVESTED> 1,884,534
<NET-CHANGE-IN-ASSETS> 783,591,371
<ACCUMULATED-NII-PRIOR> 3,552,516
<ACCUMULATED-GAINS-PRIOR> (15,481,358)
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 6,744,771
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 7,408,772
<AVERAGE-NET-ASSETS> 3,791,342,890
<PER-SHARE-NAV-BEGIN> 13.36
<PER-SHARE-NII> 0.11
<PER-SHARE-GAIN-APPREC> 2.37
<PER-SHARE-DIVIDEND> (0.11)
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 15.73
<EXPENSE-RATIO> 0.39
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 2
<NAME> MONEY MARKET PORTFOLIO
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> DEC-31-1995
<PERIOD-END> JUN-30-1995
<INVESTMENTS-AT-COST> 306,334,770
<INVESTMENTS-AT-VALUE> 306,363,820
<RECEIVABLES> 4,669,470
<ASSETS-OTHER> 26,308
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 311,059,598
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 153,626
<TOTAL-LIABILITIES> 153,626
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 310,844,302
<SHARES-COMMON-STOCK> 30,679,491
<SHARES-COMMON-PRIOR> 32,095,980
<ACCUMULATED-NII-CURRENT> 32,620
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 0
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 29,050
<NET-ASSETS> 310,905,972
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 9,661,651
<OTHER-INCOME> 0
<EXPENSES-NET> 688,965
<NET-INVESTMENT-INCOME> 8,972,686
<REALIZED-GAINS-CURRENT> 0
<APPREC-INCREASE-CURRENT> 8,895
<NET-CHANGE-FROM-OPS> 8,981,581
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (8,925,435)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 16,407,211
<NUMBER-OF-SHARES-REDEEMED> (18,704,450)
<SHARES-REINVESTED> 880,750
<NET-CHANGE-IN-ASSETS> (14,485,024)
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> (14,631)
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 627,178
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 688,965
<AVERAGE-NET-ASSETS> 313,582,381
<PER-SHARE-NAV-BEGIN> 10.14
<PER-SHARE-NII> 0.29
<PER-SHARE-GAIN-APPREC> 0
<PER-SHARE-DIVIDEND> (0.30)
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 10.13
<EXPENSE-RATIO> 0.44
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 3
<NAME> BALANCED PORTFOLIO
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> DEC-31-1995
<PERIOD-END> JUN-30-1995
<INVESTMENTS-AT-COST> 1,350,108,305
<INVESTMENTS-AT-VALUE> 1,412,491,886
<RECEIVABLES> 21,514,420
<ASSETS-OTHER> 2,550,873
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 1,436,557,179
<PAYABLE-FOR-SECURITIES> 6,038,068
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 666,874
<TOTAL-LIABILITIES> 6,704,942
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 1,369,658,323
<SHARES-COMMON-STOCK> 88,909,879
<SHARES-COMMON-PRIOR> 89,448,391
<ACCUMULATED-NII-CURRENT> 120,603
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (2,310,270)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 62,383,581
<NET-ASSETS> 1,429,852,237
<DIVIDEND-INCOME> 5,664,635
<INTEREST-INCOME> 20,200,219
<OTHER-INCOME> 0
<EXPENSES-NET> 2,726,399
<NET-INVESTMENT-INCOME> 23,138,455
<REALIZED-GAINS-CURRENT> 21,646,341
<APPREC-INCREASE-CURRENT> 86,294,273
<NET-CHANGE-FROM-OPS> 131,079,069
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 22,991,279
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 1,822,328
<NUMBER-OF-SHARES-REDEEMED> (3,825,458)
<SHARES-REINVESTED> 1,464,618
<NET-CHANGE-IN-ASSETS> 100,032,625
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> (23,956,611)
<OVERDISTRIB-NII-PRIOR> (26,573)
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 2,520,040
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 2,726,399
<AVERAGE-NET-ASSETS> 1,367,773,909
<PER-SHARE-NAV-BEGIN> 14.87
<PER-SHARE-NII> 0.26
<PER-SHARE-GAIN-APPREC> 1.21
<PER-SHARE-DIVIDEND> (0.26)
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 16.08
<EXPENSE-RATIO> 0.40
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 4
<NAME> AGGRESSIVE STOCK PORTFOLIO
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> DEC-31-1995
<PERIOD-END> JUN-30-1995
<INVESTMENTS-AT-COST> 1,778,564,348
<INVESTMENTS-AT-VALUE> 2,168,612,363
<RECEIVABLES> 39,827,253
<ASSETS-OTHER> 12,608,610
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 2,221,048,226
<PAYABLE-FOR-SECURITIES> 20,029,459
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 1,628,252
<TOTAL-LIABILITIES> 2,199,390,517
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 1,734,030,111
<SHARES-COMMON-STOCK> 62,963,334
<SHARES-COMMON-PRIOR> 59,811,998
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> (742)
<ACCUMULATED-NET-GAINS> 75,313,133
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 390,048,015
<NET-ASSETS> 2,199,390,517
<DIVIDEND-INCOME> 4,928,507
<INTEREST-INCOME> 2,243,290
<OTHER-INCOME> 0
<EXPENSES-NET> 4,874,916
<NET-INVESTMENT-INCOME> 2,296,881
<REALIZED-GAINS-CURRENT> 126,132,497
<APPREC-INCREASE-CURRENT> 139,582,526
<NET-CHANGE-FROM-OPS> 268,011,904
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (2,309,728)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 12,999,185
<NUMBER-OF-SHARES-REDEEMED> (9,915,265)
<SHARES-REINVESTED> 67,416
<NET-CHANGE-IN-ASSETS> 367,226,237
<ACCUMULATED-NII-PRIOR> 12,105
<ACCUMULATED-GAINS-PRIOR> (50,819,364)
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 4,559,523
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 4,874,916
<AVERAGE-NET-ASSETS> 1,975,265,374
<PER-SHARE-NAV-BEGIN> 30.63
<PER-SHARE-NII> 0.04
<PER-SHARE-GAIN-APPREC> 4.30
<PER-SHARE-DIVIDEND> (0.04)
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 34.93
<EXPENSE-RATIO> 0.50
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 5
<NAME> HIGH YIELD PORTFOLIO
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> DEC-31-1995
<PERIOD-END> JUN-30-1995
<INVESTMENTS-AT-COST> 94,082,884
<INVESTMENTS-AT-VALUE> 95,875,092
<RECEIVABLES> 4,383,747
<ASSETS-OTHER> 1,568,399
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 101,827,238
<PAYABLE-FOR-SECURITIES> 6,026,347
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 62,650
<TOTAL-LIABILITIES> 6,088,997
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 97,225,035
<SHARES-COMMON-STOCK> 10,183,011
<SHARES-COMMON-PRIOR> 8,292,776
<ACCUMULATED-NII-CURRENT> 21,330
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (3,300,332)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 1,792,208
<NET-ASSETS> 95,738,241
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 4,620,481
<OTHER-INCOME> 0
<EXPENSES-NET> 254,524
<NET-INVESTMENT-INCOME> 4,365,957
<REALIZED-GAINS-CURRENT> (1,537,911)
<APPREC-INCREASE-CURRENT> 5,805,155
<NET-CHANGE-FROM-OPS> 8,633,201
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (4,338,269)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 2,644,808
<NUMBER-OF-SHARES-REDEEMED> (1,223,254)
<SHARES-REINVESTED> 468,681
<NET-CHANGE-IN-ASSETS> 21,843,612
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> (1,762,421)
<OVERDISTRIB-NII-PRIOR> (6,358)
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 231,783
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 254,524
<AVERAGE-NET-ASSETS> 84,708,814
<PER-SHARE-NAV-BEGIN> 8.91
<PER-SHARE-NII> 0.48
<PER-SHARE-GAIN-APPREC> 0.47
<PER-SHARE-DIVIDEND> (0.46)
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 9.40
<EXPENSE-RATIO> 0.61
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 6
<NAME> GLOBAL PORTFOLIO
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> DEC-31-1995
<PERIOD-END> JUN-30-1995
<INVESTMENTS-AT-COST> 509,652,391
<INVESTMENTS-AT-VALUE> 547,043,662
<RECEIVABLES> 6,208,903
<ASSETS-OTHER> 13,004,511
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 566,257,076
<PAYABLE-FOR-SECURITIES> 10,764,505
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 2,760,253
<TOTAL-LIABILITIES> 552,732,318
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 519,058,442
<SHARES-COMMON-STOCK> 37,573,973
<SHARES-COMMON-PRIOR> 30,411,710
<ACCUMULATED-NII-CURRENT> 221,500
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (3,169,870)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 36,622,246
<NET-ASSETS> 552,732,318
<DIVIDEND-INCOME> 4,098,840
<INTEREST-INCOME> 2,965,251
<OTHER-INCOME> 0
<EXPENSES-NET> 1,537,649
<NET-INVESTMENT-INCOME> 5,526,442
<REALIZED-GAINS-CURRENT> (2,246,164)
<APPREC-INCREASE-CURRENT> 33,751,009
<NET-CHANGE-FROM-OPS> 37,031,287
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (5,520,573)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 9,100,489
<NUMBER-OF-SHARES-REDEEMED> (2,324,385)
<SHARES-REINVESTED> 386,159
<NET-CHANGE-IN-ASSETS> 131,034,035
<ACCUMULATED-NII-PRIOR> 215,631
<ACCUMULATED-GAINS-PRIOR> (923,706)
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 1,299,663
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 1,537,649
<AVERAGE-NET-ASSETS> 485,526,395
<PER-SHARE-NAV-BEGIN> 13.87
<PER-SHARE-NII> 0.16
<PER-SHARE-GAIN-APPREC> 0.83
<PER-SHARE-DIVIDEND> (0.15)
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 14.71
<EXPENSE-RATIO> 0.64
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 7
<NAME> CONSERVATIVE INVESTORS PORTFOLIO
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> DEC-31-1995
<PERIOD-END> JUN-30-1995
<INVESTMENTS-AT-COST> 199,295,053
<INVESTMENTS-AT-VALUE> 210,921,454
<RECEIVABLES> 2,856,806
<ASSETS-OTHER> 400,884
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 214,179,144
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 133,083
<TOTAL-LIABILITIES> 133,083
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 208,934,696
<SHARES-COMMON-STOCK> 19,350,103
<SHARES-COMMON-PRIOR> 17,113,999
<ACCUMULATED-NII-CURRENT> 38,849
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (6,553,885)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 11,626,401
<NET-ASSETS> 214,046,061
<DIVIDEND-INCOME> 242,415
<INTEREST-INCOME> 5,851,071
<OTHER-INCOME> 0
<EXPENSES-NET> 580,357
<NET-INVESTMENT-INCOME> 5,513,129
<REALIZED-GAINS-CURRENT> 3,161,268
<APPREC-INCREASE-CURRENT> 13,336,318
<NET-CHANGE-FROM-OPS> 22,010,715
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 5,472,758
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 2,401,226
<NUMBER-OF-SHARES-REDEEMED> (674,142)
<SHARES-REINVESTED> 509,020
<NET-CHANGE-IN-ASSETS> 40,354,751
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> (9,715,153)
<OVERDISTRIB-NII-PRIOR> (1,522)
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 527,018
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 580,357
<AVERAGE-NET-ASSETS> 192,572,725
<PER-SHARE-NAV-BEGIN> 10.15
<PER-SHARE-NII> 0.31
<PER-SHARE-GAIN-APPREC> 0.90
<PER-SHARE-DIVIDEND> (0.30)
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 11.06
<EXPENSE-RATIO> 0.61
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 8
<NAME> GROWTH INVESTORS PORTFOLIO
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> DEC-31-1995
<PERIOD-END> JUN-30-1995
<INVESTMENTS-AT-COST> 608,304,165
<INVESTMENTS-AT-VALUE> 682,477,385
<RECEIVABLES> 5,147,289
<ASSETS-OTHER> 3,864,395
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 681,489,069
<PAYABLE-FOR-SECURITIES> 3,967,059
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 524,141
<TOTAL-LIABILITIES> 4,491,200
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 623,713,638
<SHARES-COMMON-STOCK> 41,778,954
<SHARES-COMMON-PRIOR> 33,600,588
<ACCUMULATED-NII-CURRENT> 275,830
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (11,065,317)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 74,073,718
<NET-ASSETS> 686,997,869
<DIVIDEND-INCOME> 2,623,907
<INTEREST-INCOME> 9,697,047
<OTHER-INCOME> 0
<EXPENSES-NET> 1,682,081
<NET-INVESTMENT-INCOME> 10,638,873
<REALIZED-GAINS-CURRENT> (2,856,485)
<APPREC-INCREASE-CURRENT> 70,655,581
<NET-CHANGE-FROM-OPS> 78,437,969
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (10,509,922)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 7,752,077
<NUMBER-OF-SHARES-REDEEMED> (236,969)
<SHARES-REINVESTED> 663,258
<NET-CHANGE-IN-ASSETS> 194,520,320
<ACCUMULATED-NII-PRIOR> 146,879
<ACCUMULATED-GAINS-PRIOR> (8,208,832)
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 1,532,818
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 1,682,081
<AVERAGE-NET-ASSETS> 578,910,861
<PER-SHARE-NAV-BEGIN> 14.66
<PER-SHARE-NII> 0.29
<PER-SHARE-GAIN-APPREC> 1.76
<PER-SHARE-DIVIDEND> (0.27)
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 16.44
<EXPENSE-RATIO> 0.59
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 10
<NAME> INTERMEDIATE GOVERNMENT SECURITIES PORTFOLIO
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> DEC-31-1995
<PERIOD-END> JUN-30-1995
<INVESTMENTS-AT-COST> 61,280,876
<INVESTMENTS-AT-VALUE> 62,499,410
<RECEIVABLES> 370,543
<ASSETS-OTHER> 46,008
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 62,915,961
<PAYABLE-FOR-SECURITIES> 3,072,440
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 43,464
<TOTAL-LIABILITIES> 3,115,904
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 68,631,172
<SHARES-COMMON-STOCK> 6,425,123
<SHARES-COMMON-PRIOR> 5,471,948
<ACCUMULATED-NII-CURRENT> 6,929
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (10,056,578)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 1,218,534
<NET-ASSETS> 59,800,057
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 1,863,549
<OTHER-INCOME> 0
<EXPENSES-NET> 155,631
<NET-INVESTMENT-INCOME> 1,707,918
<REALIZED-GAINS-CURRENT> 382,508
<APPREC-INCREASE-CURRENT> 2,150,562
<NET-CHANGE-FROM-OPS> 4,240,988
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (1,697,602)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 1,612,878
<NUMBER-OF-SHARES-REDEEMED> (844,448)
<SHARES-REINVESTED> 184,745
<NET-CHANGE-IN-ASSETS> 11,282,193
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> (10,439,086)
<OVERDISTRIB-NII-PRIOR> (3,387)
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 134,839
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 155,631
<AVERAGE-NET-ASSETS> 54,171,587
<PER-SHARE-NAV-BEGIN> 8.87
<PER-SHARE-NII> 0.29
<PER-SHARE-GAIN-APPREC> 0.43
<PER-SHARE-DIVIDEND> (0.28)
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 9.31
<EXPENSE-RATIO> 0.58
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 11
<NAME> QUALITY BOND PORTFOLIO
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> DEC-31-1995
<PERIOD-END> JUN-30-1995
<INVESTMENTS-AT-COST> 142,968,103
<INVESTMENTS-AT-VALUE> 144,952,644
<RECEIVABLES> 2,168,039
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 147,120,683
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 666,637
<TOTAL-LIABILITIES> 666,637
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 153,012,187
<SHARES-COMMON-STOCK> 15,722,543
<SHARES-COMMON-PRIOR> 14,634,796
<ACCUMULATED-NII-CURRENT> 707,869
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (9,250,551)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 1,984,541
<NET-ASSETS> 146,454,046
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 4,819,872
<OTHER-INCOME> 0
<EXPENSES-NET> 405,073
<NET-INVESTMENT-INCOME> 4,414,799
<REALIZED-GAINS-CURRENT> 820,844
<APPREC-INCREASE-CURRENT> 8,161,799
<NET-CHANGE-FROM-OPS> 13,397,442
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (4,390,812)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 871,905
<NUMBER-OF-SHARES-REDEEMED> (265,932)
<SHARES-REINVESTED> 481,774
<NET-CHANGE-IN-ASSETS> 18,878,577
<ACCUMULATED-NII-PRIOR> 683,882
<ACCUMULATED-GAINS-PRIOR> (10,071,395)
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 375,078
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 405,073
<AVERAGE-NET-ASSETS> 136,881,515
<PER-SHARE-NAV-BEGIN> 8.72
<PER-SHARE-NII> 0.29
<PER-SHARE-GAIN-APPREC> 0.59
<PER-SHARE-DIVIDEND> (0.29)
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 9.31
<EXPENSE-RATIO> 0.60
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 12
<NAME> GROWTH & INCOME PORTFOLIO
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> DEC-31-1995
<PERIOD-END> JUN-30-1995
<INVESTMENTS-AT-COST> 56,259,714
<INVESTMENTS-AT-VALUE> 60,767,216
<RECEIVABLES> 232,896
<ASSETS-OTHER> 117,833
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 61,117,945
<PAYABLE-FOR-SECURITIES> 856,400
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 43,601
<TOTAL-LIABILITIES> 900,001
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 56,478,539
<SHARES-COMMON-STOCK> 5,639,082
<SHARES-COMMON-PRIOR> 3,251,126
<ACCUMULATED-NII-CURRENT> 9,857
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (777,954)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 4,507,502
<NET-ASSETS> 60,217,944
<DIVIDEND-INCOME> 484,403
<INTEREST-INCOME> 413,835
<OTHER-INCOME> 0
<EXPENSES-NET> 143,484
<NET-INVESTMENT-INCOME> 754,754
<REALIZED-GAINS-CURRENT> (357,718)
<APPREC-INCREASE-CURRENT> 4,747,554
<NET-CHANGE-FROM-OPS> 5,144,590
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (744,828)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 2,484,934
<NUMBER-OF-SHARES-REDEEMED> (168,296)
<SHARES-REINVESTED> 71,318
<NET-CHANGE-IN-ASSETS> 28,695,573
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> (420,236)
<OVERDISTRIB-NII-PRIOR> (69)
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 123,117
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 143,484
<AVERAGE-NET-ASSETS> 45,115,237
<PER-SHARE-NAV-BEGIN> 9.70
<PER-SHARE-NII> 0.17
<PER-SHARE-GAIN-APPREC> 0.96
<PER-SHARE-DIVIDEND> (0.15)
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 10.68
<EXPENSE-RATIO> 0.64
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 13
<NAME> EQUITY INDEX PORTFOLIO
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> DEC-31-1995
<PERIOD-END> JUN-30-1995
<INVESTMENTS-AT-COST> 69,843,336
<INVESTMENTS-AT-VALUE> 77,423,535
<RECEIVABLES> 215,892
<ASSETS-OTHER> 1,138,167
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 78,777,594
<PAYABLE-FOR-SECURITIES> 97,284
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 32,289
<TOTAL-LIABILITIES> 129,573
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 70,657,938
<SHARES-COMMON-STOCK> 6,719,564
<SHARES-COMMON-PRIOR> 3,723,880
<ACCUMULATED-NII-CURRENT> 15,183
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 425,576
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 7,549,324
<NET-ASSETS> 78,648,021
<DIVIDEND-INCOME> 667,812
<INTEREST-INCOME> 49,035
<OTHER-INCOME> 0
<EXPENSES-NET> 114,896
<NET-INVESTMENT-INCOME> 601,951
<REALIZED-GAINS-CURRENT> 472,593
<APPREC-INCREASE-CURRENT> 7,984,284
<NET-CHANGE-FROM-OPS> 9,058,828
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 586,655
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 4,529,681
<NUMBER-OF-SHARES-REDEEMED> (1,585,758)
<SHARES-REINVESTED> 51,761
<NET-CHANGE-IN-ASSETS> 41,899,813
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> (47,017)
<OVERDISTRIB-NII-PRIOR> (113)
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 88,631
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 114,896
<AVERAGE-NET-ASSETS> 51,172,210
<PER-SHARE-NAV-BEGIN> 9.87
<PER-SHARE-NII> 0.13
<PER-SHARE-GAIN-APPREC> 1.80
<PER-SHARE-DIVIDEND> (0.10)
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 11.70
<EXPENSE-RATIO> 0.45
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 14
<NAME> INTERNATIONAL PORTFOLIO
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> DEC-31-1995
<PERIOD-END> JUN-30-1995
<INVESTMENTS-AT-COST> 6,779,128
<INVESTMENTS-AT-VALUE> 6,833,589
<RECEIVABLES> 61,026
<ASSETS-OTHER> 226,712
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 7,121,327
<PAYABLE-FOR-SECURITIES> 296,478
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 16,123
<TOTAL-LIABILITIES> 312,601
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 6,762,205
<SHARES-COMMON-STOCK> 674,658
<SHARES-COMMON-PRIOR> 0
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> (170)
<ACCUMULATED-NET-GAINS> (243)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 46,934
<NET-ASSETS> 6,808,726
<DIVIDEND-INCOME> 17,548
<INTEREST-INCOME> 35,565
<OTHER-INCOME> 0
<EXPENSES-NET> 17,651
<NET-INVESTMENT-INCOME> 35,462
<REALIZED-GAINS-CURRENT> (243)
<APPREC-INCREASE-CURRENT> 46,934
<NET-CHANGE-FROM-OPS> 82,153
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (35,632)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 671,744
<NUMBER-OF-SHARES-REDEEMED> (618)
<SHARES-REINVESTED> 3,532
<NET-CHANGE-IN-ASSETS> 6,808,726
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 13,195
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 17,651
<AVERAGE-NET-ASSETS> 6,064,909
<PER-SHARE-NAV-BEGIN> 10.00
<PER-SHARE-NII> 0.06
<PER-SHARE-GAIN-APPREC> 0.08
<PER-SHARE-DIVIDEND> (0.05)
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 10.09
<EXPENSE-RATIO> 1.19
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
