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<PAGE> PAGE 22
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SIGNATURE LUIS REY
TITLE ASST. VICE PRESIDENT
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 1
<NAME> DIVERSIFIED PORTFOLIO
<S> <C>
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<FISCAL-YEAR-END> DEC-31-1997
<PERIOD-END> DEC-31-1997
<INVESTMENTS-AT-COST> 2,324,085
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<NET-CHANGE-IN-ASSETS> (151,198)
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<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 2
<NAME> EQUITY GROWTH PORTFOLIO
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> DEC-31-1997
<PERIOD-END> DEC-31-1997
<INVESTMENTS-AT-COST> 1,915,020
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<SHARES-COMMON-PRIOR> 70,950
<ACCUMULATED-NII-CURRENT> 8,852
<OVERDISTRIBUTION-NII> 0
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<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 802,047
<NET-ASSETS> 2,799,106
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<NET-INVESTMENT-INCOME> 8,852
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<DISTRIBUTIONS-OF-GAINS> 133,214
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<NUMBER-OF-SHARES-SOLD> 5,772
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<SHARES-REINVESTED> 7,139
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<ACCUMULATED-NII-PRIOR> 12,501
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<PER-SHARE-NII> 0.11
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</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 3
<NAME> EQUITY INCOME PORTFOLIO
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> DEC-31-1997
<PERIOD-END> DEC-31-1997
<INVESTMENTS-AT-COST> 13,105,551
<INVESTMENTS-AT-VALUE> 20,614,580
<RECEIVABLES> 66,234
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<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 20,737,850
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<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 16,964
<TOTAL-LIABILITIES> 16,964
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 9,924,270
<SHARES-COMMON-STOCK> 764,503
<SHARES-COMMON-PRIOR> 792,193
<ACCUMULATED-NII-CURRENT> 444,144
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 2,843,443
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 7,509,029
<NET-ASSETS> 20,720,886
<DIVIDEND-INCOME> 513,188
<INTEREST-INCOME> 24,980
<OTHER-INCOME> 23,692
<EXPENSES-NET> 117,716
<NET-INVESTMENT-INCOME> 444,144
<REALIZED-GAINS-CURRENT> 2,832,463
<APPREC-INCREASE-CURRENT> 2,149,816
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<DISTRIBUTIONS-OF-GAINS> 1,471,218
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<NUMBER-OF-SHARES-SOLD> 12,780
<NUMBER-OF-SHARES-REDEEMED> 144,920
<SHARES-REINVESTED> 104,451
<NET-CHANGE-IN-ASSETS> 2,148,539
<ACCUMULATED-NII-PRIOR> 500,290
<ACCUMULATED-GAINS-PRIOR> 1,756,375
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 85,565
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 119,513
<AVERAGE-NET-ASSETS> 20,149,483
<PER-SHARE-NAV-BEGIN> 23.44
<PER-SHARE-NII> 0.61
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<PER-SHARE-DIVIDEND> 1.00
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<RETURNS-OF-CAPITAL> 0.00
<PER-SHARE-NAV-END> 27.10
<EXPENSE-RATIO> 0.59
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<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 4
<NAME> INTERMEDIATE TERM BOND PORTFOLIO
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> DEC-31-1997
<PERIOD-END> DEC-31-1997
<INVESTMENTS-AT-COST> 42,760,141
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<RECEIVABLES> 774,684
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<TOTAL-ASSETS> 44,373,670
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<OTHER-ITEMS-LIABILITIES> 156,676
<TOTAL-LIABILITIES> 156,676
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 41,206,423
<SHARES-COMMON-STOCK> 3,974,903
<SHARES-COMMON-PRIOR> 3,655,407
<ACCUMULATED-NII-CURRENT> 2,478,951
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (242,815)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 774,435
<NET-ASSETS> 44,216,994
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 2,684,591
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<NET-INVESTMENT-INCOME> 2,478,951
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<NUMBER-OF-SHARES-SOLD> 1,065,196
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<NET-CHANGE-IN-ASSETS> 4,171,741
<ACCUMULATED-NII-PRIOR> 2,284,209
<ACCUMULATED-GAINS-PRIOR> (100,274)
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</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 5
<NAME> LONG TERM BOND PORTFOLIO
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> DEC-31-1997
<PERIOD-END> DEC-31-1997
<INVESTMENTS-AT-COST> 68,602,104
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<RECEIVABLES> 1,367,863
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<PAID-IN-CAPITAL-COMMON> 65,462,375
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<SHARES-COMMON-PRIOR> 4,836,582
<ACCUMULATED-NII-CURRENT> 4,173,497
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<ACCUMULATED-NET-GAINS> 284,413
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<ACCUM-APPREC-OR-DEPREC> 5,432,479
<NET-ASSETS> 75,352,764
<DIVIDEND-INCOME> 0
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</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 6
<NAME> MONEY MARKET PORTFOLIO
<S> <C>
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<PERIOD-END> DEC-31-1997
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<TABLE> <S> <C>
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<NAME> GOVERNMENT SECURITIES PORTFOLIO
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