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<PAGE> PAGE 22
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SIGNATURE LUIS REY
TITLE ASST. VICE PRESIDENT
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<SERIES>
<NUMBER> 1
<NAME> DIVERSIFIED PORTFOLIO
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<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 2
<NAME> EQUITY GROWTH PORTFOLIO
<S> <C>
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<PERIOD-END> JUN-30-1998
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<NET-INVESTMENT-INCOME> (7,246)
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</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 3
<NAME> EQUITY INCOME PORTFOLIO
<S> <C>
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<FISCAL-YEAR-END> DEC-31-1998
<PERIOD-END> JUN-30-1998
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<NET-CHANGE-IN-ASSETS> (353,960)
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</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 4
<NAME> INTERMEDIATE TERM BOND PORTFOLIO
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> DEC-31-1998
<PERIOD-END> JUN-30-1998
<INVESTMENTS-AT-COST> 48,737,281
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</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 5
<NAME> LONG TERM BOND PORTFOLIO
<S> <C>
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<FISCAL-YEAR-END> DEC-31-1998
<PERIOD-END> JUN-30-1998
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</TABLE>
<TABLE> <S> <C>
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<SERIES>
<NUMBER> 6
<NAME> MONEY MARKET PORTFOLIO
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<NAME> GOVERNMENT SECURITIES PORTFOLIO
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