<PAGE> PAGE 1
000 B000000 12/31/95
000 C000000 759751
000 D000000 N
000 E000000 NF
000 F000000 Y
000 G000000 N
000 H000000 N
000 I000000 3.0
000 J000000 U
001 A000000 THE HUDSON RIVER TRUST
001 B000000 811-4185
001 C000000 2128872997
002 A000000 1345 AVENUE OF THE AMERICAS
002 B000000 NEW YORK
002 C000000 NY
002 D010000 10105
003 000000 N
004 000000 N
005 000000 N
006 000000 N
007 A000000 Y
007 B000000 13
007 C010100 1
007 C020100 COMMON STOCK PORTFOLIO
007 C030100 N
007 C010200 2
007 C020200 MONEY MARKET PORTFOLIO
007 C030200 N
007 C010300 3
007 C020300 BALANCED PORTFOLIO
007 C030300 N
007 C010400 4
007 C020400 AGGRESSIVE STOCK PORTFOLIO
007 C030400 N
007 C010500 5
007 C020500 HIGH YIELD PORTFOLIO
007 C030500 N
007 C010600 6
007 C020600 GLOBAL PORTFOLIO
007 C030600 N
007 C010700 7
007 C020700 CONSERVATIVE INVESTORS PORTFOLIO
007 C030700 N
007 C010800 8
007 C020800 GROWTH INVESTORS PORTFOLIO
007 C030800 N
007 C010900 9
007 C011000 10
007 C021000 INTERMEDIATE GOVERNMENT SECURITIES PORTFOLIO
007 C031000 N
015 A00AA01 THE CHASE MANHATTAN BANK
<PAGE> PAGE 2
015 B00AA01 C
015 C01AA01 NEW YORK
015 C02AA01 NY
015 C03AA01 10005
015 E01AA01 X
015 A00AA02 CHASE MANHATTAN BANK ESPANA S.A.
015 B00AA02 S
015 C01AA02 MADRID
015 D01AA02 SPAIN
015 E04AA02 X
015 A00AA03 CHASE BRANCH
015 B00AA03 S
015 C01AA03 MILAN
015 D01AA03 ITALY
015 E04AA03 X
015 A00AA04 CHASE BRANCH
015 B00AA04 S
015 C01AA04 LONDON
015 D01AA04 UNITED KINGDOM
015 E04AA04 X
015 A00AA05 THE CHASE MANHATTAN BANK AUSTRALIA LTD
015 B00AA05 S
015 C01AA05 SYDNEY
015 D01AA05 AUSTRALIA
015 E04AA05 X
015 A00AA06 UNION BANK OF SWITZERLAND
015 B00AA06 S
015 C01AA06 ZURICH
015 D01AA06 SWITZERLAND
015 E04AA06 X
015 A00AA07 CHASE BRANCH
015 B00AA07 S
015 C01AA07 HONG KONG
015 D01AA07 HONG KONG
015 E04AA07 X
015 A00AA08 CHASE BRANCH
015 B00AA08 S
015 C01AA08 TOKYO
015 D01AA08 JAPAN
015 E04AA08 X
015 A00AA09 CHASE BRANCH
015 B00AA09 S
015 C01AA09 SINGAPORE
015 D01AA09 SINGAPORE
015 E04AA09 X
015 A00AA10 CREDITANSTALT BANKVEREIN
015 B00AA10 S
015 C01AA10 VIENNA
015 D01AA10 AUSTRIA
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015 A00AA11 GENERAL BANQUE
<PAGE> PAGE 3
015 B00AA11 S
015 C01AA11 BRUSSELS
015 D01AA11 BELGIUM
015 E04AA11 X
015 A00AA12 ROYAL BANK OF CANADA
015 B00AA12 S
015 C01AA12 TORONTO
015 D01AA12 CANADA
015 E04AA12 X
015 A00AA13 DEN DANSKE BANK
015 B00AA13 S
015 C01AA13 COPENHAGEN
015 D01AA13 DENMARK
015 E04AA13 X
015 A00AA14 CHASE BANK A.G.
015 B00AA14 S
015 C01AA14 FRANKFURT
015 D01AA14 GERMANY
015 E04AA14 X
015 A00AA15 BANQUE PARIBAS
015 B00AA15 S
015 C01AA15 PARIS
015 D01AA15 FRANCE
015 E04AA15 X
015 A00AA16 KANSALLIS-OSKAE-PANKKI
015 B00AA16 S
015 C01AA16 HELSINKI
015 D01AA16 FINLAND
015 E04AA16 X
015 A00AA17 SKANDINAVISKA ENSKILDA BANKEN
015 B00AA17 S
015 C01AA17 STOCKHOLM
015 D01AA17 SWEDEN
015 E04AA17 X
015 A00AA18 DEN NORSKE BANK
015 B00AA18 S
015 C01AA18 OSLO
015 D01AA18 NORWAY
015 E04AA18 X
015 A00AA19 NATIONAL NOMINEES LIMITED
015 B00AA19 S
015 C01AA19 AUCKLAND
015 D01AA19 NEW ZEALAND
015 E04AA19 X
015 A00AA20 ABN-AMRO
015 B00AA20 S
015 C01AA20 AMSTERDAM
015 D01AA20 THE NETHERLANDS
015 E04AA20 X
015 A00AA21 THE CHASE MANHATTAN BANK MEXICO, S.A.
015 B00AA21 S
<PAGE> PAGE 4
015 C01AA21 MEXICO CITY
015 D01AA21 MEXICO
015 E04AA21 X
015 A00AA22 BANK OF IRELAND
015 B00AA22 S
015 C01AA22 DUBLIN
015 D01AA22 IRELAND
015 E04AA22 X
015 A00AA23 THE CHASE MANHATTAN BANK, N.A.
015 B00AA23 S
015 C01AA23 ISTANBUL
015 D01AA23 TURKEY
015 E04AA23 X
015 A00AA24 CHASE BRANCH
015 B00AA24 S
015 C01AA24 SANTIAGO
015 D01AA24 CHILE
015 E04AA24 X
022 A000001 EDERAL HOME LOAN BANK
022 C000001 4386553
022 D000001 0
022 A000002 FEDERAL HOME LOAN MORTGAGE CORP.
022 C000002 3659611
022 D000002 0
022 A000003 MITSUBISHI BANK LTD.
022 B000003 13-5611741
022 C000003 3298781
022 D000003 0
022 A000004 CS FIRST BOSTON, INC.
022 B000004 13-5659485
022 C000004 1144605
022 D000004 648735
022 A000005 UBS FINANCE DELAWARE, INC.
022 B000005 13-3179881
022 C000005 1641252
022 D000005 0
022 A000006 LEHMAN BROTHERS, INC.
022 B000006 13-4922250
022 C000006 820255
022 D000006 779784
022 A000007 SUMITOMO BANK LTD.
022 B000007 13-5611820
022 C000007 1567773
022 D000007 0
022 A000008 MERRILL LYNCH & CO., INC.
022 B000008 13-5674085
022 C000008 1111966
022 D000008 347698
022 A000009 MORGAN STANLEY & CO.
022 B000009 13-2655998
022 C000009 789143
<PAGE> PAGE 5
022 D000009 487283
022 A000010 HARRIS TRUST & SAVINGS
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022 D000010 0
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080 A00AA00 ICI MUTUAL INSURANCE
080 B00AA00 GULF INSURANCE & CNA INSURANCE
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081 B00AA00 115
082 A00AA00 N
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083 A00AA00 N
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084 A00AA00 N
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<PAGE> PAGE 6
062 E000200 0.0
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074 T000200 386691
075 A000200 331400
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071 C000300 1200348
071 D000300 186
072 A000300 12
074 N000300 1687033
074 T000300 1523142
075 A000300 0
075 B000300 1422626
062 A000400 N
<PAGE> PAGE 7
062 B000400 0.0
062 C000400 0.0
062 D000400 0.0
062 E000400 0.0
062 F000400 0.0
062 G000400 0.0
062 H000400 0.0
062 I000400 0.0
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062 K000400 0.0
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062 N000400 0.0
062 O000400 0.0
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070 A010400 Y
070 A020400 N
070 B010400 Y
070 B020400 N
070 C010400 Y
070 C020400 N
070 D010400 Y
070 D020400 N
070 E010400 Y
070 E020400 N
070 F010400 Y
070 F020400 N
070 G010400 N
070 G020400 N
070 H010400 Y
070 H020400 N
070 I010400 N
070 I020400 N
070 J010400 Y
070 J020400 Y
070 K010400 Y
070 K020400 N
070 L010400 Y
070 L020400 Y
070 M010400 Y
070 M020400 N
070 N010400 Y
070 N020400 Y
070 O010400 Y
070 O020400 N
070 P010400 Y
070 P020400 N
070 Q010400 N
070 Q020400 N
<PAGE> PAGE 8
070 R010400 Y
070 R020400 N
071 A000400 2872849
071 B000400 2669746
071 C000400 2097582
071 D000400 127
072 A000400 12
074 N000400 2774105
074 T000400 2700515
075 A000400 0
075 B000400 2219990
062 A000500 Y
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062 C000500 2.6
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062 F000500 0.0
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062 H000500 0.0
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071 C000500 89996
071 D000500 350
072 A000500 12
074 N000500 141702
074 T000500 118129
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<PAGE> PAGE 9
062 N000600 0.0
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072 A000600 12
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062 H000700 0.0
062 I000700 5.1
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062 M000700 49.6
062 N000700 8.4
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062 Q000700 2.2
062 R000700 11.5
071 A000700 609981
071 B000700 509902
071 C000700 177767
071 D000700 287
072 A000700 12
074 N000700 345981
074 T000700 252101
075 A000700 0
075 B000700 211378
062 A000800 N
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<PAGE> PAGE 10
062 K000800 0.0
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071 A000800 957377
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062 M001000 27.2
062 N001000 60.1
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062 P001000 4.4
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070 A011000 Y
070 A021000 N
070 B011000 Y
070 B021000 N
070 C011000 Y
070 C021000 Y
070 D011000 Y
070 D021000 N
070 E011000 Y
070 E021000 Y
070 F011000 N
070 F021000 N
070 G011000 Y
070 G021000 N
070 H011000 N
070 H021000 N
<PAGE> PAGE 11
070 I011000 Y
070 I021000 N
070 J011000 Y
070 J021000 N
070 K011000 Y
070 K021000 N
070 L011000 N
070 L021000 N
070 M011000 N
070 M021000 N
070 N011000 Y
070 N021000 Y
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070 P011000 N
070 P021000 N
070 Q011000 N
070 Q021000 N
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070 R021000 N
071 A001000 154193
071 B001000 122357
071 C001000 47979
071 D001000 255
072 A001000 12
074 N001000 88133
074 T001000 71780
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062 A001100 Y
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062 M001100 34.8
062 N001100 24.5
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062 Q001100 13.3
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<PAGE> PAGE 12
072 A001100 12
074 N001100 178518
074 T001100 157443
075 A001100 0
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062 A001200 N
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062 A001300 N
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<PAGE> PAGE 13
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071 D001300 9
072 A001300 12
074 N001300 166901
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075 A001300 0
075 A001300 85658
075 A001300 0.00
075 B001300 29599
075 B001300 29599
075 B001300 29599
062 A001400 N
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071 A001400 21100
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SIGNATURE STEVE YU
TITLE AVP
<TABLE> <S> <C>
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<NAME> COMMON STOCK PORTFOLIO
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<NAME> MONEY MARKET PORTFOLIO
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<NAME> BALANCED PORTFOLIO
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<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 1,402,865,274
<SHARES-COMMON-STOCK> 90,899,832
<SHARES-COMMON-PRIOR> 89,448,391
<ACCUMULATED-NII-CURRENT> 86,599
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (639,633)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 120,829,488
<NET-ASSETS> 1,523,141,728
<DIVIDEND-INCOME> 10,938,202
<INTEREST-INCOME> 42,020,343
<OTHER-INCOME> 0
<EXPENSES-NET> 5,655,085
<NET-INVESTMENT-INCOME> 47,303,460
<REALIZED-GAINS-CURRENT> 64,616,058
<APPREC-INCREASE-CURRENT> 144,740,180
<NET-CHANGE-FROM-OPS> 256,659,698
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (47,099,230)
<DISTRIBUTIONS-OF-GAINS> (41,562,533)
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 3,451,513
<NUMBER-OF-SHARES-REDEEMED> (7,393,399)
<SHARES-REINVESTED> 5,393,327
<NET-CHANGE-IN-ASSETS> 193,322,116
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> (23,956,611)
<OVERDISTRIB-NII-PRIOR> (26,573)
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 5,237,550
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 5,655,085
<AVERAGE-NET-ASSETS> 1,422,625,649
<PER-SHARE-NAV-BEGIN> 14.87
<PER-SHARE-NII> 0.54
<PER-SHARE-GAIN-APPREC> 2.36
<PER-SHARE-DIVIDEND> (0.54)
<PER-SHARE-DISTRIBUTIONS> (0.47)
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 16.76
<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> 12-MOS
<FISCAL-YEAR-END> DEC-31-1995
<PERIOD-END> DEC-31-1995
<INVESTMENTS-AT-COST> 2,162,160,335
<INVESTMENTS-AT-VALUE> 2,675,322,143
<RECEIVABLES> 28,430,909
<ASSETS-OTHER> 4,389,240
<OTHER-ITEMS-ASSETS> 64,978,600
<TOTAL-ASSETS> 2,773,120,892
<PAYABLE-FOR-SECURITIES> 6,430,077
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 66,175,966
<TOTAL-LIABILITIES> 72,606,043
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 2,191,338,507
<SHARES-COMMON-STOCK> 75,690,902
<SHARES-COMMON-PRIOR> 59,811,998
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> (4,129)
<ACCUMULATED-NET-GAINS> (3,981,337)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 513,161,808
<NET-ASSETS> 2,700,514,849
<DIVIDEND-INCOME> 9,527,352
<INTEREST-INCOME> 7,494,955
<OTHER-INCOME> 0
<EXPENSES-NET> 10,818,797
<NET-INVESTMENT-INCOME> 6,203,510
<REALIZED-GAINS-CURRENT> 346,368,084
<APPREC-INCREASE-CURRENT> 262,696,319
<NET-CHANGE-FROM-OPS> 615,267,913
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (6,246,522)
<DISTRIBUTIONS-OF-GAINS> (300,293,392)
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 24,290,758
<NUMBER-OF-SHARES-REDEEMED> (17,101,621)
<SHARES-REINVESTED> 8,689,767
<NET-CHANGE-IN-ASSETS> 868,350,569
<ACCUMULATED-NII-PRIOR> 12,105
<ACCUMULATED-GAINS-PRIOR> (50,819,364)
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 10,210,784
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 10,818,797
<AVERAGE-NET-ASSETS> 2,219,990,270
<PER-SHARE-NAV-BEGIN> 30.63
<PER-SHARE-NII> 0.10
<PER-SHARE-GAIN-APPREC> 9.54
<PER-SHARE-DIVIDEND> (0.10)
<PER-SHARE-DISTRIBUTIONS> (4.49)
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 35.68
<EXPENSE-RATIO> 0.49
<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> 12-MOS
<FISCAL-YEAR-END> DEC-31-1995
<PERIOD-END> DEC-31-1995
<INVESTMENTS-AT-COST> 110,787,784
<INVESTMENTS-AT-VALUE> 112,882,893
<RECEIVABLES> 10,534,218
<ASSETS-OTHER> 30,052
<OTHER-ITEMS-ASSETS> 16,746,850
<TOTAL-ASSETS> 140,194,013
<PAYABLE-FOR-SECURITIES> 5,246,556
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 16,818,874
<TOTAL-LIABILITIES> 22,065,430
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 117,138,948
<SHARES-COMMON-STOCK> 12,254,186
<SHARES-COMMON-PRIOR> 8,292,776
<ACCUMULATED-NII-CURRENT> 22,557
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (1,128,031)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 2,095,109
<NET-ASSETS> 118,128,583
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 10,449,665
<OTHER-INCOME> 0
<EXPENSES-NET> 575,623
<NET-INVESTMENT-INCOME> 9,874,042
<REALIZED-GAINS-CURRENT> 1,037,899
<APPREC-INCREASE-CURRENT> 6,108,056
<NET-CHANGE-FROM-OPS> 17,019,997
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (10,259,504)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 4,920,577
<NUMBER-OF-SHARES-REDEEMED> (2,047,031)
<SHARES-REINVESTED> 1,087,864
<NET-CHANGE-IN-ASSETS> 44,233,954
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> (1,762,421)
<OVERDISTRIB-NII-PRIOR> (6,358)
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 521,901
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 575,623
<AVERAGE-NET-ASSETS> 95,478,393
<PER-SHARE-NAV-BEGIN> 8.91
<PER-SHARE-NII> 0.98
<PER-SHARE-GAIN-APPREC> 0.73
<PER-SHARE-DIVIDEND> (0.98)
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 9.64
<EXPENSE-RATIO> 0.60
<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> 12-MOS
<FISCAL-YEAR-END> DEC-31-1995
<PERIOD-END> DEC-31-1995
<INVESTMENTS-AT-COST> 603,019,021
<INVESTMENTS-AT-VALUE> 678,407,015
<RECEIVABLES> 5,595,073
<ASSETS-OTHER> 6,667,534
<OTHER-ITEMS-ASSETS> 33,615,050
<TOTAL-ASSETS> 724,284,672
<PAYABLE-FOR-SECURITIES> 3,671,218
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 34,473,061
<TOTAL-LIABILITIES> 38,144,279
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 612,649,654
<SHARES-COMMON-STOCK> 43,590,992
<SHARES-COMMON-PRIOR> 30,411,710
<ACCUMULATED-NII-CURRENT> 455,586
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (1,942,133)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 74,977,286
<NET-ASSETS> 686,140,393
<DIVIDEND-INCOME> 7,426,190
<INTEREST-INCOME> 5,799,137
<OTHER-INCOME> 0
<EXPENSES-NET> 3,422,252
<NET-INVESTMENT-INCOME> 9,803,075
<REALIZED-GAINS-CURRENT> 17,804,800
<APPREC-INCREASE-CURRENT> 72,106,049
<NET-CHANGE-FROM-OPS> 99,713,924
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (9,500,310)
<DISTRIBUTIONS-OF-GAINS> (18,886,037)
<DISTRIBUTIONS-OTHER> (546,316)
<NUMBER-OF-SHARES-SOLD> 156,621,046
<NUMBER-OF-SHARES-REDEEMED> (4,317,611)
<SHARES-REINVESTED> 1,875,847
<NET-CHANGE-IN-ASSETS> 264,442,110
<ACCUMULATED-NII-PRIOR> 215,631
<ACCUMULATED-GAINS-PRIOR> (923,706)
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 2,957,363
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 3,422,252
<AVERAGE-NET-ASSETS> 557,491,807
<PER-SHARE-NAV-BEGIN> 13.87
<PER-SHARE-NII> 0.26
<PER-SHARE-GAIN-APPREC> 2.32
<PER-SHARE-DIVIDEND> (0.25)
<PER-SHARE-DISTRIBUTIONS> (0.45)
<RETURNS-OF-CAPITAL> (0.01)
<PER-SHARE-NAV-END> 15.74
<EXPENSE-RATIO> 0.61
<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> 12-MOS
<FISCAL-YEAR-END> DEC-31-1995
<PERIOD-END> DEC-31-1995
<INVESTMENTS-AT-COST> 233,830,095
<INVESTMENTS-AT-VALUE> 248,258,573
<RECEIVABLES> 3,683,363
<ASSETS-OTHER> 297,764
<OTHER-ITEMS-ASSETS> 93,741,041
<TOTAL-ASSETS> 345,980,741
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 93,879,746
<TOTAL-LIABILITIES> 93,879,746
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 237,609,491
<SHARES-COMMON-STOCK> 21,883,284
<SHARES-COMMON-PRIOR> 17,113,999
<ACCUMULATED-NII-CURRENT> 63,026
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 0
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 14,428,478
<NET-ASSETS> 252,100,995
<DIVIDEND-INCOME> 524,570
<INTEREST-INCOME> 12,303,070
<OTHER-INCOME> 0
<EXPENSES-NET> 1,252,869
<NET-INVESTMENT-INCOME> 11,574,771
<REALIZED-GAINS-CURRENT> 11,270,671
<APPREC-INCREASE-CURRENT> 16,138,395
<NET-CHANGE-FROM-OPS> 38,983,837
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (11,510,223)
<DISTRIBUTIONS-OF-GAINS> (1,556,393)
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 4,574,632
<NUMBER-OF-SHARES-REDEEMED> (983,364)
<SHARES-REINVESTED> 1,178,017
<NET-CHANGE-IN-ASSETS> 78,409,685
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> (9,715,153)
<OVERDISTRIB-NII-PRIOR> (1,522)
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 1,156,344
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 1,252,869
<AVERAGE-NET-ASSETS> 211,378,418
<PER-SHARE-NAV-BEGIN> 10.15
<PER-SHARE-NII> 0.60
<PER-SHARE-GAIN-APPREC> 1.43
<PER-SHARE-DIVIDEND> (0.59)
<PER-SHARE-DISTRIBUTIONS> (0.07)
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 11.52
<EXPENSE-RATIO> 0.59
<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> 12-MOS
<FISCAL-YEAR-END> DEC-31-1995
<PERIOD-END> DEC-31-1995
<INVESTMENTS-AT-COST> 760,456,806
<INVESTMENTS-AT-VALUE> 878,864,009
<RECEIVABLES> 16,084,883
<ASSETS-OTHER> 4,000,377
<OTHER-ITEMS-ASSETS> 181,639,018
<TOTAL-ASSETS> 1,080,588,287
<PAYABLE-FOR-SECURITIES> 2,298,845
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 182,155,582
<TOTAL-LIABILITIES> 184,454,427
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 778,073,456
<SHARES-COMMON-STOCK> 50,677,525
<SHARES-COMMON-PRIOR> 33,600,588
<ACCUMULATED-NII-CURRENT> 105,968
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (397,563)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 118,351,999
<NET-ASSETS> 896,133,860
<DIVIDEND-INCOME> 5,787,751
<INTEREST-INCOME> 21,516,203
<OTHER-INCOME> 0
<EXPENSES-NET> 3,852,051
<NET-INVESTMENT-INCOME> 23,451,903
<REALIZED-GAINS-CURRENT> 20,094,016
<APPREC-INCREASE-CURRENT> 114,933,862
<NET-CHANGE-FROM-OPS> 158,479,781
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (23,881,643)
<DISTRIBUTIONS-OF-GAINS> (11,896,371)
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 16,117,087
<NUMBER-OF-SHARES-REDEEMED> (1,144,340)
<SHARES-REINVESTED> 2,104,190
<NET-CHANGE-IN-ASSETS> 403,656,311
<ACCUMULATED-NII-PRIOR> 146,879
<ACCUMULATED-GAINS-PRIOR> (8,208,832)
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 3,584,538
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 3,852,051
<AVERAGE-NET-ASSETS> 683,756,684
<PER-SHARE-NAV-BEGIN> 14.66
<PER-SHARE-NII> 0.57
<PER-SHARE-GAIN-APPREC> 3.24
<PER-SHARE-DIVIDEND> (0.55)
<PER-SHARE-DISTRIBUTIONS> (0.24)
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 17.68
<EXPENSE-RATIO> 0.56
<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> 12-MOS
<FISCAL-YEAR-END> DEC-31-1995
<PERIOD-END> DEC-31-1995
<INVESTMENTS-AT-COST> 74,723,960
<INVESTMENTS-AT-VALUE> 76,370,937
<RECEIVABLES> 5,102,058
<ASSETS-OTHER> 16,517
<OTHER-ITEMS-ASSETS> 6,643,688
<TOTAL-ASSETS> 88,133,200
<PAYABLE-FOR-SECURITIES> 9,666,046
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 6,687,329
<TOTAL-LIABILITIES> 16,353,375
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 79,487,800
<SHARES-COMMON-STOCK> 7,577,459
<SHARES-COMMON-PRIOR> 5,471,948
<ACCUMULATED-NII-CURRENT> 22,777
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (9,377,729)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 1,646,977
<NET-ASSETS> 71,779,825
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 3,998,091
<OTHER-INCOME> 0
<EXPENSES-NET> 338,353
<NET-INVESTMENT-INCOME> 3,659,738
<REALIZED-GAINS-CURRENT> 1,061,357
<APPREC-INCREASE-CURRENT> 2,579,005
<NET-CHANGE-FROM-OPS> 7,300,100
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (3,633,574)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 3,178,905
<NUMBER-OF-SHARES-REDEEMED> (1,464,671)
<SHARES-REINVESTED> 391,277
<NET-CHANGE-IN-ASSETS> 23,261,961
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> (10,439,086)
<OVERDISTRIB-NII-PRIOR> (3,387)
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 295,954
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 338,353
<AVERAGE-NET-ASSETS> 59,482,727
<PER-SHARE-NAV-BEGIN> 8.87
<PER-SHARE-NII> 0.58
<PER-SHARE-GAIN-APPREC> 0.57
<PER-SHARE-DIVIDEND> (0.55)
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 9.47
<EXPENSE-RATIO> 0.57
<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> 12-MOS
<FISCAL-YEAR-END> DEC-31-1995
<PERIOD-END> DEC-31-1995
<INVESTMENTS-AT-COST> 149,681,749
<INVESTMENTS-AT-VALUE> 153,826,664
<RECEIVABLES> 3,658,221
<ASSETS-OTHER> 47,771
<OTHER-ITEMS-ASSETS> 20,985,500
<TOTAL-ASSETS> 178,518,156
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 21,075,309
<TOTAL-LIABILITIES> 21,075,309
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 159,028,166
<SHARES-COMMON-STOCK> 16,383,900
<SHARES-COMMON-PRIOR> 14,634,796
<ACCUMULATED-NII-CURRENT> 63,771
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (5,823,240)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 4,174,150
<NET-ASSETS> 157,442,847
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 9,694,417
<OTHER-INCOME> 0
<EXPENSES-NET> 847,560
<NET-INVESTMENT-INCOME> 8,846,857
<REALIZED-GAINS-CURRENT> 3,312,031
<APPREC-INCREASE-CURRENT> 10,351,408
<NET-CHANGE-FROM-OPS> 22,510,296
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (8,729,254)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 2,039,780
<NUMBER-OF-SHARES-REDEEMED> (1,231,693)
<SHARES-REINVESTED> 941,017
<NET-CHANGE-IN-ASSETS> 29,867,378
<ACCUMULATED-NII-PRIOR> 683,882
<ACCUMULATED-GAINS-PRIOR> (10,071,395)
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 790,598
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 847,560
<AVERAGE-NET-ASSETS> 144,262,230
<PER-SHARE-NAV-BEGIN> 8.72
<PER-SHARE-NII> 0.57
<PER-SHARE-GAIN-APPREC> 0.88
<PER-SHARE-DIVIDEND> (0.56)
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 9.61
<EXPENSE-RATIO> 0.59
<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> 12-MOS
<FISCAL-YEAR-END> DEC-31-1995
<PERIOD-END> DEC-31-1995
<INVESTMENTS-AT-COST> 86,427,597
<INVESTMENTS-AT-VALUE> 97,536,248
<RECEIVABLES> 1,548,467
<ASSETS-OTHER> 18,113
<OTHER-ITEMS-ASSETS> 1,066,750
<TOTAL-ASSETS> 100,169,578
<PAYABLE-FOR-SECURITIES> 994,457
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 1,122,300
<TOTAL-LIABILITIES> 2,116,757
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 87,432,803
<SHARES-COMMON-STOCK> 8,380,234
<SHARES-COMMON-PRIOR> 3,251,126
<ACCUMULATED-NII-CURRENT> 10,278
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (498,911)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 11,108,651
<NET-ASSETS> 98,052,821
<DIVIDEND-INCOME> 1,276,889
<INTEREST-INCOME> 1,026,456
<OTHER-INCOME> 0
<EXPENSES-NET> 373,441
<NET-INVESTMENT-INCOME> 1,929,904
<REALIZED-GAINS-CURRENT> (78,675)
<APPREC-INCREASE-CURRENT> 11,348,703
<NET-CHANGE-FROM-OPS> 13,199,932
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (1,919,557)
<DISTRIBUTIONS-OF-GAINS> 0
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<NUMBER-OF-SHARES-SOLD> 5,330,789
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<NAME> EQUITY INDEX PORTFOLIO
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<NAME> INTERNATIONAL PORTFOLIO
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