HUDSON RIVER TRUST
NSAR-B, 1999-02-26
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<PAGE>      PAGE  1
000 B000000 12/31/98
000 C000000 0000759751
000 D000000 N
000 E000000 NF
000 F000000 Y
000 G000000 N
000 H000000 N
000 I000000 3.0.a
000 J000000 A
001 A000000 THE HUDSON RIVER TRUST
001 B000000 811-004185
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 14
007 C010100  1
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007 C030100 N
007 C010200  2
007 C020200 ALLIANCE MONEY MARKET PORTFOLIO
007 C030200 N
007 C010300  3
007 C020300 ALLIANCE BALANCED PROTFOLIO
007 C030300 N
007 C010400  4
007 C020400 ALLIANCE AGGRESSIVE STOCK PORTFOLIO
007 C030400 N
007 C010500  5
007 C020500 ALLIANCE HIGH YIELD PORTFOLIO
007 C030500 N
007 C010600  6
007 C020600 ALLIANCE GLOBAL PORTFOLIO
007 C030600 N
007 C010700  7
007 C020700 ALLIANCE CONSERVATIVE INVESTORS PORTFOLIO
007 C030700 N
007 C010800  8
007 C020800 ALLIANCE GROWTH INVESTORS PORTFOLIO
007 C030800 N
007 C010900  9
007 C011000 10
007 C021000 ALLIANCE INTERMEDIATE GOVT SEC PORTFOLIO
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007 C011100 11
<PAGE>      PAGE  2
007 C021100 ALLIANCE QUALITY BOND PORTFOLIO
007 C031100 N
007 C011200 12
007 C021200 ALLIANCE GROWTH & INCOME PORTFOLIO
007 C031200 N
007 C011300 13
007 C021300 ALLIANCE EQUITY INDEX PORTFOLIO
007 C031300 N
007 C011400 14
007 C021400 ALLIANCE INTERNATIONAL PORTFOLIO
007 C031400 N
007 C011500 15
007 C021500 ALLIANCE SMALL CAP GROWTH PORTFOLIO
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007 C011800 18
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<PAGE>      PAGE  3
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<PAGE>      PAGE  4
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<PAGE>      PAGE  5
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<PAGE>      PAGE  6
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015 A00AA32 HONGKONG & SHANGHAI BANKING CORP., LTD.
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<PAGE>      PAGE  7
015 D01AA33 ISREAL
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015 A00AA34 HONGKONG SHANGHAI BANKING CORP., LTD.
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015 C01AA34 JAKARTA
015 D01AA34 INDONESIA
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015 A00AA35 CHASE BRANCH
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015 C01AA35 BANGKOK
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015 A00AA36 HONGKONG SHANGHAI BANKING CORP., LTD.
015 B00AA36 S
015 C01AA36 SEOUL
015 D01AA36 SOUTH KOREA
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015 A00AA37 STANDARD BANK OF SOUTH AFRICA, LTD.
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015 C01AA37 JOHANNESBURG
015 D01AA37 SOUTH AFRICA
015 E04AA37 X
015 A00AA38 BARCLAYS BANK
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015 C01AA38 ATHENS
015 D01AA38 GREECE
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015 A00AA39 CHASE MANHATTAN BANK
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015 C01AA39 KUALA LAMPUR
015 D01AA39 MALAYSIA
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<PAGE>      PAGE  8
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<PAGE>      PAGE  9
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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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070 H010200 N
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<PAGE>      PAGE  17
070 K020200 N
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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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<PAGE>      PAGE  40
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<PAGE>      PAGE  44
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<PAGE>      PAGE  45
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<PAGE>      PAGE  47
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<PAGE>      PAGE  48
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<PAGE>      PAGE  49
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<PAGE>      PAGE  50
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<PAGE>      PAGE  51
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<PAGE>      PAGE  52
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<PAGE>      PAGE  53
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<PAGE>      PAGE  54
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070 D011200 Y
070 D021200 N
070 E011200 Y
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070 F011200 Y
070 F021200 N
070 G011200 Y
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<PAGE>      PAGE  55
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070 I021200 N
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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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<PAGE>      PAGE  61
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<PAGE>      PAGE  62
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040  001400 Y
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062 L001400   0.0
<PAGE>      PAGE  63
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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 Y
069  001400 N
070 A011400 Y
070 A021400 N
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070 B021400 N
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070 C021400 N
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070 D021400 N
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070 E021400 N
070 F011400 Y
070 F021400 N
070 G011400 Y
070 G021400 N
070 H011400 Y
070 H021400 N
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070 I021400 N
070 J011400 Y
070 J021400 Y
070 K011400 Y
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070 Q011400 N
070 Q021400 N
<PAGE>      PAGE  64
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070 R021400 N
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<PAGE>      PAGE  65
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<PAGE>      PAGE  66
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<PAGE>      PAGE  67
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070 E021500 N
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070 N021500 N
<PAGE>      PAGE  68
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<PAGE>      PAGE  69
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SIGNATURE   THOMAS R. MANLEY                             
TITLE       CONTROLLER          
 


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<CIK> 0000759751
<NAME> THE HUDSON RIVER TRUST
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   <NAME> ALLIANCE AGGRESSIVE STOCK PORTFOLIO - CLASS IA
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</TABLE>

<TABLE> <S> <C>

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<CIK> 0000759751
<NAME> THE HUDSON RIVER TRUST
<SERIES>
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   <NAME> ALLIANCE AGGRESSIVE STOCK PORTFOLIO - CLASS IB
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<PER-SHARE-NII>                                   0.01
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</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000759751
<NAME> THE HUDSON RIVER TRUST
<SERIES>
   <NUMBER> 031
   <NAME> ALLIANCE BALANCED PORTFOLIO - CLASS IA
<MULTIPLIER> 1
       
<S>                             <C>
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</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000759751
<NAME> THE HUDSON RIVER TRUST
<SERIES>
   <NUMBER> 032
   <NAME> ALLIANCE BALANCED PORTFOLIO - CLASS IB
<MULTIPLIER> 1
       
<S>                             <C>
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</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000759751
<NAME> THE HUDSON RIVER TRUST
<SERIES>
   <NUMBER> 071
   <NAME> ALLIANCE CONSERVATIVE INVESTORS PORTFOLIO - CLASS IA
<MULTIPLIER> 1
       
<S>                             <C>
<PERIOD-TYPE>                 12-MOS
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</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000759751
<NAME> THE HUDSON RIVER TRUST
<SERIES>
   <NUMBER> 072
   <NAME> ALLIANCE CONSERVATIVE INVESTORS PORTFOLIO - CLASS IB
<MULTIPLIER> 1
       
<S>                             <C>
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</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000759751
<NAME> THE HUDSON RIVER TRUST
<SERIES>
   <NUMBER> 011
   <NAME> ALLIANCE COMMON STOCK PORTFOLIO - CLASS IA
<MULTIPLIER> 1
       
<S>                             <C>
<PERIOD-TYPE>                 12-MOS
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<ACCUMULATED-GAINS-PRIOR>                  175,796,508
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</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000759751
<NAME> THE HUDSON RIVER TRUST
<SERIES>
   <NUMBER> 012
   <NAME> ALLIANCE COMMON STOCK PORTFOLIO - CLASS IB
<MULTIPLIER> 1
       
<S>                             <C>
<PERIOD-TYPE>                 12-MOS
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<PERIOD-START>                             JAN-01-1998
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<SHARES-COMMON-STOCK>                       34,331,593
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<EXPENSE-RATIO>                                   0.64
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</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000759751
<NAME> THE HUDSON RIVER TRUST
<SERIES>
   <NUMBER> 131
   <NAME> ALLIANCE EQUITY INDEX PORTFOLIO - CLASS IA
<MULTIPLIER> 1
       
<S>                             <C>
<PERIOD-TYPE>                  12-MOS
<FISCAL-YEAR-END>                          DEC-31-1998
<PERIOD-START>                             JAN-01-1998
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</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000759751
<NAME> THE HUDSON RIVER TRUST
<SERIES>
   <NUMBER> 132
   <NAME> ALLIANCE EQUITY INDEX PORTFOLIO - CLASS IB
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<S>                             <C>
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</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000759751
<NAME> THE HUDSON RIVER TRUST
<SERIES>
   <NUMBER> 081
   <NAME> ALLIANCE GROWTH INVESTORS PORTFOLIO - CLASS IA
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<S>                             <C>
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</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000759751
<NAME> THE HUDSON RIVER TRUST
<SERIES>
   <NUMBER> 082
   <NAME> ALLIANCE GROWTH INVESTORS PORTFOLIO - CLASS IB
<MULTIPLIER> 1
       
<S>                             <C>
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</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000759751
<NAME> THE HUDSON RIVER TRUST
<SERIES>
   <NUMBER> 061
   <NAME> ALLIANCE GLOBAL PORTFOLIO - CLASS IA
<MULTIPLIER> 1
       
<S>                             <C>
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</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000759751
<NAME> THE HUDSON RIVER TRUST
<SERIES>
   <NUMBER> 062
   <NAME> ALLIANCE GLOBAL PORTFOLIO - CLASS IB
<MULTIPLIER> 1
       
<S>                             <C>
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</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000759751
<NAME> THE HUDSON RIVER TRUST
<SERIES>
   <NUMBER> 121
   <NAME> ALLIANCE GROWTH & INCOME PORTFOLIO - CLASS IA
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<S>                             <C>
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</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000759751
<NAME> THE HUDSON RIVER TRUST
<SERIES>
   <NUMBER> 122
   <NAME> ALLIANCE GROWTH & INCOME PORTFOLIO - CLASS IB
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<S>                             <C>
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</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000759751
<NAME> THE HUDSON RIVER TRUST
<SERIES>
   <NUMBER> 051
   <NAME> ALLIANCE HIGH YIELD PORTFOLIO - CLASS IA
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<S>                             <C>
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</TABLE>

<TABLE> <S> <C>

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<CIK> 0000759751
<NAME> THE HUDSON RIVER TRUST
<SERIES>
   <NUMBER> 052
   <NAME> ALLIANCE HIGH YIELD PORTFOLIO - CLASS IB
<MULTIPLIER> 1
       
<S>                             <C>
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</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000759751
<NAME> THE HUDSON RIVER TRUST
<SERIES>
   <NUMBER> 101
   <NAME> ALLIANCE INTERMEDIATE GOVERNMENT SECURITIES PORTFOLIO - CLASS IA
<MULTIPLIER> 1
       
<S>                             <C>
<PERIOD-TYPE>                 12-MOS
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</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000759751
<NAME> THE HUDSON RIVER TRUST
<SERIES>
   <NUMBER> 102
   <NAME> ALLIANCE INTERMEDIATE GOVERNMENT SECURITIES PORTFOLIO - CLASS IB
<MULTIPLIER> 1
       
<S>                             <C>
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</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000759751
<NAME> THE HUDSON RIVER TRUST
<SERIES>
   <NUMBER> 141
   <NAME> ALLIANCE INTERNATIONAL PORTFOLIO - CLASS IA
<MULTIPLIER> 1
       
<S>                             <C>
<PERIOD-TYPE>                 12-MOS
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</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000759751
<NAME> THE HUDSON RIVER TRUST
<SERIES>
   <NUMBER> 142
   <NAME> ALLIANCE INTERNATIONAL PORTFOLIO - CLASS IB
<MULTIPLIER> 1
       
<S>                             <C>
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</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000759751
<NAME> THE HUDSON RIVER TRUST
<SERIES>
   <NUMBER> 021
   <NAME> ALLIANCE MONEY MARKET PORTFOLIO - CLASS IA
<MULTIPLIER> 1
       
<S>                             <C>
<PERIOD-TYPE>                 12-MOS
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<PERIOD-START>                             JAN-01-1998
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<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                        2,658,991
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                              3,408,851
<AVERAGE-NET-ASSETS>                       547,016,306 
<PER-SHARE-NAV-BEGIN>                            10.18
<PER-SHARE-NII>                                   0.53
<PER-SHARE-GAIN-APPREC>                              0
<PER-SHARE-DIVIDEND>                            (0.49)
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<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              10.22
<EXPENSE-RATIO>                                   0.37
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        


</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000759751
<NAME> THE HUDSON RIVER TRUST
<SERIES>
   <NUMBER> 022
   <NAME> ALLIANCE MONEY MARKET PORTFOLIO - CLASS IB
<MULTIPLIER> 1
       
<S>                             <C>
<PERIOD-TYPE>                 12-MOS
<FISCAL-YEAR-END>                          DEC-31-1998
<PERIOD-START>                             JAN-01-1998
<PERIOD-END>                               DEC-31-1998
<INVESTMENTS-AT-COST>                    1,065,207,929
<INVESTMENTS-AT-VALUE>                   1,065,899,953
<RECEIVABLES>                               44,602,169
<ASSETS-OTHER>                                 156,695
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                           1,110,658,817
<PAYABLE-FOR-SECURITIES>                             0
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                      629,209
<TOTAL-LIABILITIES>                            629,209
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                 1,109,363,876
<SHARES-COMMON-STOCK>                       37,888,260
<SHARES-COMMON-PRIOR>                       12,163,496
<ACCUMULATED-NII-CURRENT>                     (30,306)
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                          4,014
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<ACCUM-APPREC-OR-DEPREC>                       692,024
<NET-ASSETS>                               386,718,420
<DIVIDEND-INCOME>                                    0
<INTEREST-INCOME>                           42,041,562
<OTHER-INCOME>                                       0
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<NET-INVESTMENT-INCOME>                     38,632,711
<REALIZED-GAINS-CURRENT>                        15,569
<APPREC-INCREASE-CURRENT>                      580,153
<NET-CHANGE-FROM-OPS>                       39,228,433
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                 (11,444,905)
<DISTRIBUTIONS-OF-GAINS>                       (9,300)
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<NUMBER-OF-SHARES-REDEEMED>               (15,656,425)
<SHARES-REINVESTED>                          1,123,590
<NET-CHANGE-IN-ASSETS>                     536,394,158 
<ACCUMULATED-NII-PRIOR>                        149,936
<ACCUMULATED-GAINS-PRIOR>                       19,405
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                        2,658,991
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                              3,408,851
<AVERAGE-NET-ASSETS>                       218,965,846 
<PER-SHARE-NAV-BEGIN>                            10.17
<PER-SHARE-NII>                                   0.49
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<PER-SHARE-DIVIDEND>                            (0.47)
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<EXPENSE-RATIO>                                   0.62
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</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000759751
<NAME> THE HUDSON RIVER TRUST
<SERIES>
   <NUMBER> 111
   <NAME> ALLIANCE QUALITY BOND PORTFOLIO - CLASS IA
<MULTIPLIER> 1
       
<S>                             <C>
<PERIOD-TYPE>                 12-MOS
<FISCAL-YEAR-END>                          DEC-31-1998
<PERIOD-START>                             JAN-01-1998
<PERIOD-END>                               DEC-31-1998
<INVESTMENTS-AT-COST>                      322,156,171
<INVESTMENTS-AT-VALUE>                     325,048,927
<RECEIVABLES>                                3,907,024
<ASSETS-OTHER>                                 160,618
<OTHER-ITEMS-ASSETS>                        50,432,523
<TOTAL-ASSETS>                             379,549,092
<PAYABLE-FOR-SECURITIES>                     6,519,516
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                   50,601,037
<TOTAL-LIABILITIES>                         57,120,553
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                   319,600,973
<SHARES-COMMON-STOCK>                       32,773,456
<SHARES-COMMON-PRIOR>                       20,863,418
<ACCUMULATED-NII-CURRENT>                      397,762
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<ACCUMULATED-NET-GAINS>                      (462,878)
<OVERDISTRIBUTION-GAINS>                             0
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<NET-ASSETS>                               322,418,134
<DIVIDEND-INCOME>                                    0
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<NET-INVESTMENT-INCOME>                     14,192,221
<REALIZED-GAINS-CURRENT>                     6,621,611
<APPREC-INCREASE-CURRENT>                      759,535
<NET-CHANGE-FROM-OPS>                       21,573,367
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                 (14,217,744)
<DISTRIBUTIONS-OF-GAINS>                   (6,441,066)
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<NUMBER-OF-SHARES-REDEEMED>                (2,355,892)
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<NET-CHANGE-IN-ASSETS>                     119,195,061
<ACCUMULATED-NII-PRIOR>                        321,561
<ACCUMULATED-GAINS-PRIOR>                    (541,234)
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                        1,359,652
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                              1,465,539
<AVERAGE-NET-ASSETS>                       259,022,521
<PER-SHARE-NAV-BEGIN>                             9.74
<PER-SHARE-NII>                                   0.55
<PER-SHARE-GAIN-APPREC>                           0.28
<PER-SHARE-DIVIDEND>                            (0.53)
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<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                               9.84
<EXPENSE-RATIO>                                   0.57
<AVG-DEBT-OUTSTANDING>                               0
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</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000759751
<NAME> THE HUDSON RIVER TRUST
<SERIES>
   <NUMBER> 112
   <NAME> ALLIANCE QUALITY BOND PORTFOLIO - CLASS IB
<MULTIPLIER> 1
       
<S>                             <C>
<PERIOD-TYPE>                  OTHER
<FISCAL-YEAR-END>                          DEC-31-1998
<PERIOD-START>                             JAN-01-1998
<PERIOD-END>                               JUL-08-1998
<INVESTMENTS-AT-COST>                      322,156,171
<INVESTMENTS-AT-VALUE>                     325,048,927
<RECEIVABLES>                                3,907,024
<ASSETS-OTHER>                                 160,618
<OTHER-ITEMS-ASSETS>                        50,432,523
<TOTAL-ASSETS>                             379,549,092
<PAYABLE-FOR-SECURITIES>                     6,519,516
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                   50,601,037
<TOTAL-LIABILITIES>                         57,120,553
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                   319,600,973
<SHARES-COMMON-STOCK>                            1,057
<SHARES-COMMON-PRIOR>                                0
<ACCUMULATED-NII-CURRENT>                      397,762
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                      (462,878)
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                     2,892,682
<NET-ASSETS>                                    10,405
<DIVIDEND-INCOME>                                    0
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<OTHER-INCOME>                                       0
<EXPENSES-NET>                             (1,465,539)
<NET-INVESTMENT-INCOME>                     14,192,221
<REALIZED-GAINS-CURRENT>                     6,621,611
<APPREC-INCREASE-CURRENT>                      759,535
<NET-CHANGE-FROM-OPS>                       21,573,367
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                        (256)
<DISTRIBUTIONS-OF-GAINS>                         (209)
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                          1,010
<NUMBER-OF-SHARES-REDEEMED>                          0
<SHARES-REINVESTED>                                 47
<NET-CHANGE-IN-ASSETS>                     119,195,061
<ACCUMULATED-NII-PRIOR>                        321,561
<ACCUMULATED-GAINS-PRIOR>                    (541,234)
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                        1,359,652
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                              1,465,539
<AVERAGE-NET-ASSETS>                            10,229
<PER-SHARE-NAV-BEGIN>                             9.90
<PER-SHARE-NII>                                   0.25
<PER-SHARE-GAIN-APPREC>                           0.14
<PER-SHARE-DIVIDEND>                            (0.25)
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<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                               9.84
<EXPENSE-RATIO>                                   0.81
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        


</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000759751
<NAME> THE HUDSON RIVER TRUST
<SERIES>
   <NUMBER> 151
   <NAME> ALLIANCE SMALL CAP GROWTH PORTFOLIO - CLASS IA
<MULTIPLIER> 1
       
<S>                             <C>
<PERIOD-TYPE>                 12-MOS
<FISCAL-YEAR-END>                          DEC-31-1998
<PERIOD-START>                             JAN-01-1998
<PERIOD-END>                               DEC-31-1998
<INVESTMENTS-AT-COST>                      310,712,161
<INVESTMENTS-AT-VALUE>                     322,743,835
<RECEIVABLES>                                2,532,825
<ASSETS-OTHER>                                 111,473
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                             325,388,133
<PAYABLE-FOR-SECURITIES>                       912,578
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                   13,861,210
<TOTAL-LIABILITIES>                         14,773,788
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                   321,191,652
<SHARES-COMMON-STOCK>                       16,776,844
<SHARES-COMMON-PRIOR>                        7,666,635
<ACCUMULATED-NII-CURRENT>                      (2,244)
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                   (22,606,737)
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                    12,031,674
<NET-ASSETS>                               198,360,184
<DIVIDEND-INCOME>                            1,255,376
<INTEREST-INCOME>                            1,182,824
<OTHER-INCOME>                                       0
<EXPENSES-NET>                             (2,450,212)
<NET-INVESTMENT-INCOME>                       (12,012)
<REALIZED-GAINS-CURRENT>                  (21,147,657)
<APPREC-INCREASE-CURRENT>                   11,287,980
<NET-CHANGE-FROM-OPS>                      (9,871,689)
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                     (16,814)
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                     52,458,409
<NUMBER-OF-SHARES-REDEEMED>               (43,349,403)
<SHARES-REINVESTED>                              1,203
<NET-CHANGE-IN-ASSETS>                     169,614,893
<ACCUMULATED-NII-PRIOR>                          (461)
<ACCUMULATED-GAINS-PRIOR>                  (1,600,698)
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                        2,113,891
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                              2,450,212
<AVERAGE-NET-ASSETS>                       156,108,728
<PER-SHARE-NAV-BEGIN>                            12.35
<PER-SHARE-NII>                                   0.01
<PER-SHARE-GAIN-APPREC>                         (0.54)
<PER-SHARE-DIVIDEND>                                 0
<PER-SHARE-DISTRIBUTIONS>                            0
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              11.82
<EXPENSE-RATIO>                                   0.96
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        


</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000759751
<NAME> THE HUDSON RIVER TRUST
<SERIES>
   <NUMBER> 152
   <NAME> ALLIANCE SMALL CAP GROWTH PORTFOLIO - CLASS IB
<MULTIPLIER> 1
       
<S>                             <C>
<PERIOD-TYPE>                 12-MOS
<FISCAL-YEAR-END>                          DEC-31-1998
<PERIOD-START>                             JAN-01-1998
<PERIOD-END>                               DEC-31-1998
<INVESTMENTS-AT-COST>                      310,712,161
<INVESTMENTS-AT-VALUE>                     322,743,835
<RECEIVABLES>                                2,532,825
<ASSETS-OTHER>                                 111,473
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                             325,388,133
<PAYABLE-FOR-SECURITIES>                       912,578
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                   13,861,210
<TOTAL-LIABILITIES>                         14,773,788
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                   321,191,652
<SHARES-COMMON-STOCK>                        9,521,607
<SHARES-COMMON-PRIOR>                        3,752,576
<ACCUMULATED-NII-CURRENT>                      (2,244)
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                   (22,606,737)
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                    12,031,674
<NET-ASSETS>                               112,254,161
<DIVIDEND-INCOME>                            1,255,376
<INTEREST-INCOME>                            1,182,824
<OTHER-INCOME>                                       0
<EXPENSES-NET>                             (2,450,212)
<NET-INVESTMENT-INCOME>                       (12,012)
<REALIZED-GAINS-CURRENT>                  (21,147,657)
<APPREC-INCREASE-CURRENT>                   11,287,980
<NET-CHANGE-FROM-OPS>                      (9,871,689)
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                            0
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                      6,064,836
<NUMBER-OF-SHARES-REDEEMED>                  (295,805)
<SHARES-REINVESTED>                                  0
<NET-CHANGE-IN-ASSETS>                     169,614,893
<ACCUMULATED-NII-PRIOR>                          (461)
<ACCUMULATED-GAINS-PRIOR>                  (1,600,698)
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                        2,113,891
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                              2,450,212
<AVERAGE-NET-ASSETS>                        78,677,922
<PER-SHARE-NAV-BEGIN>                            12.34
<PER-SHARE-NII>                                 (0.02)
<PER-SHARE-GAIN-APPREC>                         (0.53)
<PER-SHARE-DIVIDEND>                                 0
<PER-SHARE-DISTRIBUTIONS>                            0
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              11.79
<EXPENSE-RATIO>                                   1.20
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        


</TABLE>


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