MONY SERIES FUND INC
NSAR-B, 1999-02-23
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<PAGE>      PAGE  1
000 B000000 12/31/98
000 C000000 761688
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 MONY SERIES FUND, INC
001 B000000 811-4209
001 C000000 2127082000
002 A000000 1740 BROADWAY
002 B000000 NEW YORK
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002 D010000 10019
003  000000 N
004  000000 N
005  000000 N
006  000000 N
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007 B000000  7
007 C010100  1
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007 C030100 N
007 C010200  2
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007 C030200 N
007 C010300  3
007 C020300 EQUITY INCOME
007 C030300 N
007 C010400  4
007 C020400 INTERMEDIATE TERM BOND PORTFOLIO
007 C030400 N
007 C010500  5
007 C020500 LONG-TERM BOND PORTFOLIO
007 C030500 N
007 C010600  6
007 C020600 MONEY MARKET PORTFOLIO
007 C030600 N
007 C010700  7
007 C020700 GOVERNMENT SECURITIES PORTFOLIO
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007 C011400 14
007 C011500 15
<PAGE>      PAGE  2
007 C011600 16
007 C011700 17
007 C011800 18
007 C011900 19
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008 A00AA01 MONY LIFE INSURANCE COMPANY OF AMERICA
008 B00AA01 A
008 C00AA01 801-22798
008 D01AA01 NEW YORK
008 D02AA01 NY
008 D03AA01 10019
008 A00AA02 MONY LIFE INSURANCE COMPANY
008 B00AA02 S
008 C00AA02 801-13564
008 D01AA02 NEW YORK
008 D02AA02 NY
008 D03AA02 10019
010 A00AA01 MONY LIFE INSURANCE COMPANY
010 B00AA01 14205
010 C01AA01 NEW YORK
010 C02AA01 NY
010 C03AA01 10019
011 A00AA01 MONY LIFE INSURANCE COMPANY
011 B00AA01 8-14205
011 C01AA01 NEW YORK
011 C02AA01 NY
011 C03AA01 10019
012 A00AA01 MONY LIFE INSURANCE COMPANY
012 B00AA01 84-1773
012 C01AA01 NEW YORK
012 C02AA01 NY
012 C03AA01 10019
013 A00AA01 PRICEWATERHOUSE COOPERS
013 B01AA01 NEW YORK
013 B02AA01 NY
013 B03AA01 10019
015 A00AA01 CHASE MANHATTAN BANK
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<PAGE>      PAGE  3
020 A000003 WERTHEIM & CO.
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022 D000003      6935
022 A000004 JEFFERIES & CO.C.
022 C000004     30797
022 D000004     17550
022 A000005 LEHMAN BROS INC.
022 B000005 13-2518466
022 C000005     25670
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022 A000006 MORGAN JP SECURITIES
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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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<PAGE>      PAGE  7
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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  13
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<PAGE>      PAGE  14
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<PAGE>      PAGE  15
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<PAGE>      PAGE  19
025 D000507       0
025 D000508       0
028 A010500      2682
028 A020500         0
028 A030500         0
028 A040500      1672
028 B010500     10192
028 B020500         0
028 B030500         0
028 B040500      1732
028 C010500     13434
028 C020500         0
028 C030500         0
028 C040500      4909
028 D010500     15372
028 D020500         0
028 D030500         0
028 D040500      4030
028 E010500      5909
028 E020500         0
028 E030500         0
028 E040500      7432
028 F010500      7109
028 F020500         0
028 F030500         0
028 F040500      3298
028 G010500     54698
028 G020500         0
028 G030500         0
028 G040500     23073
028 H000500         0
062 A000500 Y
062 B000500   0.0
062 C000500   2.4
062 D000500   0.0
062 E000500   0.0
062 F000500   0.0
062 G000500   0.0
062 H000500   0.0
062 I000500   6.2
062 J000500   0.0
062 K000500   0.0
062 L000500   0.0
062 M000500  47.5
062 N000500   6.8
062 O000500   0.0
062 P000500  33.6
062 Q000500   0.0
062 R000500   1.7
063 A000500   0
063 B000500 20.2
<PAGE>      PAGE  20
066 A000500 N
067  000500 N
068 A000500 N
068 B000500 N
069  000500 N
071 A000500     70619
071 B000500     34404
071 C000500     84380
071 D000500   41
072 A000500 12
072 B000500     5718
072 C000500        0
072 D000500        0
072 E000500        0
072 F000500      468
072 G000500        0
072 H000500        0
072 I000500        0
072 J000500        7
072 K000500        0
072 L000500        0
072 M000500        9
072 N000500        0
072 O000500        0
072 P000500        0
072 Q000500       41
072 R000500       12
072 S000500        0
072 T000500        0
072 U000500        0
072 V000500        0
072 W000500        8
072 X000500      545
072 Y000500        5
072 Z000500     5178
072AA000500     2530
072BB000500        0
072CC010500      896
072CC020500        0
072DD010500        0
072DD020500        0
072EE000500        0
073 A010500   0.0000
073 A020500   0.0000
073 B000500   0.0000
073 C000500   0.0000
074 A000500       93
074 B000500        0
074 C000500    10644
074 D000500   110251
074 E000500        0
<PAGE>      PAGE  21
074 F000500        0
074 G000500        0
074 H000500        0
074 I000500        0
074 J000500      192
074 K000500        0
074 L000500     1870
074 M000500        0
074 N000500   123050
074 O000500        0
074 P000500        0
074 Q000500        0
074 R010500        0
074 R020500        0
074 R030500        0
074 R040500       93
074 S000500        0
074 T000500   122957
074 U010500     8675
074 U020500        0
074 V010500    14.17
074 V020500     0.00
074 W000500   0.0000
074 X000500        4
074 Y000500        0
075 A000500        0
075 B000500    94072
076  000500     0.00
024  000600 Y
025 A000601 GOLDMAN SACHS GROUP
025 B000601 13-5108880
025 C000601 D
025 D000601    7648
025 A000602 LEHMAN BROTHERS INC.
025 B000602 13-2518466
025 C000602 D
025 D000602    9589
025 A000603 MERRILL LYNCH & CO.
025 B000603 13-5674085
025 C000603 D
025 D000603   16851
025 A000604 PRUDENTIAL SECURITIES
025 B000604 22-2347336
025 C000604 D
025 D000604    9979
025 D000605       0
025 D000606       0
025 D000607       0
025 D000608       0
025 A000609 MERRIL LYNCH & CO.
025 B000609 13-5674085
<PAGE>      PAGE  22
025 C000609 D
025 D000609    1797
025 D000610       0
025 D000611       0
025 D000612       0
025 D000613       0
025 D000614       0
025 D000615       0
025 D000616       0
028 A010600     70599
028 A020600       675
028 A030600         0
028 A040600     72382
028 B010600    461641
028 B020600      1139
028 B030600         0
028 B040600    149763
028 C010600    202575
028 C020600      2250
028 C030600         0
028 C040600    216215
028 D010600    105911
028 D020600      1971
028 D030600         0
028 D040600    132852
028 E010600     37382
028 E020600      1640
028 E030600         0
028 E040600    120857
028 F010600     66817
028 F020600      1477
028 F030600         0
028 F040600     76754
028 G010600    944925
028 G020600      9152
028 G030600         0
028 G040600    768823
028 H000600         0
062 A000600 Y
062 B000600   0.0
062 C000600   2.4
062 D000600   0.0
062 E000600   0.0
062 F000600   5.4
062 G000600   0.0
062 H000600   0.0
062 I000600  91.0
062 J000600   0.0
062 K000600   0.0
062 L000600   1.2
062 M000600   0.0
<PAGE>      PAGE  23
062 N000600   0.0
062 O000600   0.0
062 P000600   0.0
062 Q000600   0.0
062 R000600   0.0
063 A000600  46
063 B000600  0.0
066 A000600 N
067  000600 N
068 A000600 N
068 B000600 N
069  000600 N
071 A000600         0
071 B000600         0
071 C000600         0
071 D000600    0
072 A000600 12
072 B000600    14048
072 C000600        0
072 D000600        0
072 E000600        0
072 F000600     1005
072 G000600        0
072 H000600        0
072 I000600        0
072 J000600       11
072 K000600        0
072 L000600        0
072 M000600       23
072 N000600        0
072 O000600        0
072 P000600        0
072 Q000600       19
072 R000600       64
072 S000600        0
072 T000600        0
072 U000600        0
072 V000600       18
072 W000600        0
072 X000600     1140
072 Y000600       10
072 Z000600    12918
072AA000600        0
072BB000600        0
072CC010600        0
072CC020600        0
072DD010600        0
072DD020600        0
072EE000600        0
073 A010600   0.0000
073 A020600   0.0000
<PAGE>      PAGE  24
073 B000600   0.0000
073 C000600   0.0000
074 A000600      851
074 B000600   349512
074 C000600        0
074 D000600        0
074 E000600        0
074 F000600        0
074 G000600        0
074 H000600        0
074 I000600        0
074 J000600        0
074 K000600        0
074 L000600     2605
074 M000600        0
074 N000600   352968
074 O000600        0
074 P000600        0
074 Q000600        0
074 R010600        0
074 R020600        0
074 R030600        0
074 R040600     3547
074 S000600        0
074 T000600   349421
074 U010600   349421
074 U020600        0
074 V010600     1.00
074 V020600     0.00
074 W000600   0.9963
074 X000600        5
074 Y000600        0
075 A000600   254012
075 B000600        0
076  000600     0.00
024  000700 N
025 D000701       0
025 D000702       0
025 D000703       0
025 D000704       0
025 D000705       0
025 D000706       0
025 D000707       0
025 D000708       0
028 A010700      1221
028 A020700         0
028 A030700         0
028 A040700       952
028 B010700      5513
028 B020700         0
028 B030700         0
<PAGE>      PAGE  25
028 B040700       426
028 C010700      5868
028 C020700         0
028 C030700         0
028 C040700      1855
028 D010700     11272
028 D020700         0
028 D030700         0
028 D040700      2717
028 E010700      5002
028 E020700         0
028 E030700         0
028 E040700      3426
028 F010700      4156
028 F020700         0
028 F030700         0
028 F040700      1850
028 G010700     33032
028 G020700         0
028 G030700         0
028 G040700     11226
028 H000700         0
062 A000700 Y
062 B000700   0.0
062 C000700 370.0
062 D000700   0.0
062 E000700   0.0
062 F000700   0.0
062 G000700   0.0
062 H000700   0.0
062 I000700   0.0
062 J000700   0.0
062 K000700   0.0
062 L000700   0.0
062 M000700  20.8
062 N000700  40.0
062 O000700   0.0
062 P000700   0.0
062 Q000700   0.0
062 R000700   2.2
063 A000700   0
063 B000700  6.7
066 A000700 N
067  000700 N
068 A000700 N
068 B000700 N
069  000700 N
071 A000700     22612
071 B000700      7424
071 C000700     24802
071 D000700   30
<PAGE>      PAGE  26
072 A000700 12
072 B000700     2040
072 C000700        0
072 D000700        0
072 E000700        0
072 F000700      177
072 G000700        0
072 H000700        0
072 I000700        0
072 J000700        4
072 K000700        0
072 L000700        0
072 M000700        3
072 N000700        0
072 O000700        0
072 P000700        0
072 Q000700       31
072 R000700       10
072 S000700        0
072 T000700        0
072 U000700        0
072 V000700        0
072 W000700        2
072 X000700      227
072 Y000700        5
072 Z000700     1818
072AA000700       13
072BB000700        0
072CC010700      450
072CC020700        0
072DD010700        0
072DD020700        0
072EE000700        0
073 A010700   0.0000
073 A020700   0.0000
073 B000700   0.0000
073 C000700   0.0000
074 A000700      902
074 B000700        0
074 C000700    23231
074 D000700    30156
074 E000700        0
074 F000700        0
074 G000700        0
074 H000700        0
074 I000700        0
074 J000700        0
074 K000700        0
074 L000700      538
074 M000700        0
074 N000700    54827
<PAGE>      PAGE  27
074 O000700        0
074 P000700        0
074 Q000700        0
074 R010700        0
074 R020700        0
074 R030700        0
074 R040700      213
074 S000700        0
074 T000700    54614
074 U010700     4890
074 U020700        0
074 V010700    11.17
074 V020700     0.00
074 W000700   0.0000
074 X000700        0
074 Y000700        0
075 A000700        0
075 B000700    35613
076  000700     0.00
SIGNATURE   LUIS REY                                     
TITLE       ASST. VICE PRESIDENT
 


<TABLE> <S> <C>

<ARTICLE> 6
<SERIES>
   <NUMBER> 1
   <NAME> DIVERSIFIED PORTFOLIO
       
<S>                             <C>
<PERIOD-TYPE>                   12-MOS
<FISCAL-YEAR-END>                          DEC-31-1998
<PERIOD-END>                               DEC-31-1998
<INVESTMENTS-AT-COST>                        2,138,954
<INVESTMENTS-AT-VALUE>                       3,241,185
<RECEIVABLES>                                    5,918
<ASSETS-OTHER>                                  46,323
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                               3,293,426
<PAYABLE-FOR-SECURITIES>                             0
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                       13,806
<TOTAL-LIABILITIES>                             13,806
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                     1,758,295
<SHARES-COMMON-STOCK>                          164,684
<SHARES-COMMON-PRIOR>                          156,691
<ACCUMULATED-NII-CURRENT>                       12,540
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                        406,554
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                     1,102,231
<NET-ASSETS>                                 3,279,620
<DIVIDEND-INCOME>                               24,773
<INTEREST-INCOME>                               42,324
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                  54,557
<NET-INVESTMENT-INCOME>                         12,540
<REALIZED-GAINS-CURRENT>                       406,579
<APPREC-INCREASE-CURRENT>                      234,702
<NET-CHANGE-FROM-OPS>                          653,821
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                      233,109
<DISTRIBUTIONS-OF-GAINS>                       468,435
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                         10,555
<NUMBER-OF-SHARES-REDEEMED>                     42,265
<SHARES-REINVESTED>                             39,703
<NET-CHANGE-IN-ASSETS>                          50,231
<ACCUMULATED-NII-PRIOR>                         49,159
<ACCUMULATED-GAINS-PRIOR>                      652,360
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                           15,776
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                 56,988
<AVERAGE-NET-ASSETS>                         3,112,299
<PER-SHARE-NAV-BEGIN>                            20.61
<PER-SHARE-NII>                                   1.41
<PER-SHARE-GAIN-APPREC>                           2.84
<PER-SHARE-DIVIDEND>                              1.64
<PER-SHARE-DISTRIBUTIONS>                         3.31
<RETURNS-OF-CAPITAL>                              0.00
<PER-SHARE-NAV-END>                              19.91
<EXPENSE-RATIO>                                   1.83
<AVG-DEBT-OUTSTANDING>                               0
<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-31-1999
<PERIOD-END>                               DEC-31-1998
<INVESTMENTS-AT-COST>                        1,922,053
<INVESTMENTS-AT-VALUE>                       3,116,252
<RECEIVABLES>                                    1,585
<ASSETS-OTHER>                                   4,798
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                               3,122,635
<PAYABLE-FOR-SECURITIES>                             0
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                       13,284
<TOTAL-LIABILITIES>                             13,284
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                     1,651,358
<SHARES-COMMON-STOCK>                           81,391
<SHARES-COMMON-PRIOR>                           77,576
<ACCUMULATED-NII-CURRENT>                      (9,567)
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                        273,361
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                     1,194,199
<NET-ASSETS>                                 3,109,351
<DIVIDEND-INCOME>                               28,253
<INTEREST-INCOME>                               10,122
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                  52,033
<NET-INVESTMENT-INCOME>                       (13,658)
<REALIZED-GAINS-CURRENT>                       278,489
<APPREC-INCREASE-CURRENT>                      392,152
<NET-CHANGE-FROM-OPS>                          656,983
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                      119,498
<DISTRIBUTIONS-OF-GAINS>                       342,882
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                          2,784
<NUMBER-OF-SHARES-REDEEMED>                     12,625
<SHARES-REINVESTED>                             13,656
<NET-CHANGE-IN-ASSETS>                         310,245
<ACCUMULATED-NII-PRIOR>                          8,852
<ACCUMULATED-GAINS-PRIOR>                      452,491
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                           14,297
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                 54,945
<AVERAGE-NET-ASSETS>                         2,852,187
<PER-SHARE-NAV-BEGIN>                            36.08
<PER-SHARE-NII>                                   1.39
<PER-SHARE-GAIN-APPREC>                           6.99
<PER-SHARE-DIVIDEND>                              1.62
<PER-SHARE-DISTRIBUTIONS>                         4.64
<RETURNS-OF-CAPITAL>                              0.00
<PER-SHARE-NAV-END>                              38.20
<EXPENSE-RATIO>                                   1.93
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        

</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<SERIES>
   <NUMBER> 3
   <NAME> EQUITY INCOME PORTFOLIO
       
<S>                             <C>
<PERIOD-TYPE>                   12-MOS
<FISCAL-YEAR-END>                          DEC-31-1998
<PERIOD-END>                               DEC-31-1998
<INVESTMENTS-AT-COST>                       13,598,091
<INVESTMENTS-AT-VALUE>                      20,076,848
<RECEIVABLES>                                   31,310
<ASSETS-OTHER>                                       1
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                              20,108,159
<PAYABLE-FOR-SECURITIES>                        35,482
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                      271,190
<TOTAL-LIABILITIES>                            306,672
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                     9,848,394
<SHARES-COMMON-STOCK>                          762,967
<SHARES-COMMON-PRIOR>                          764,503
<ACCUMULATED-NII-CURRENT>                      380,592
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                      3,093,744
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                     6,478,757
<NET-ASSETS>                                19,801,487
<DIVIDEND-INCOME>                              486,698
<INTEREST-INCOME>                               37,915
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                 149,374
<NET-INVESTMENT-INCOME>                        375,239
<REALIZED-GAINS-CURRENT>                     3,086,639
<APPREC-INCREASE-CURRENT>                  (1,030,272)
<NET-CHANGE-FROM-OPS>                        2,431,606
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                      632,565
<DISTRIBUTIONS-OF-GAINS>                     2,642,564
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                         29,633
<NUMBER-OF-SHARES-REDEEMED>                    158,014
<SHARES-REINVESTED>                            126,845
<NET-CHANGE-IN-ASSETS>                       (919,399)
<ACCUMULATED-NII-PRIOR>                        444,144
<ACCUMULATED-GAINS-PRIOR>                    2,843,443
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                          100,307
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                152,173
<AVERAGE-NET-ASSETS>                        19,978,830
<PER-SHARE-NAV-BEGIN>                             27.1
<PER-SHARE-NII>                                   0.80
<PER-SHARE-GAIN-APPREC>                           2.60
<PER-SHARE-DIVIDEND>                              0.88
<PER-SHARE-DISTRIBUTIONS>                         3.67
<RETURNS-OF-CAPITAL>                              0.00
<PER-SHARE-NAV-END>                              25.95
<EXPENSE-RATIO>                                   0.76
<AVG-DEBT-OUTSTANDING>                               0
<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-31-1998
<PERIOD-END>                               DEC-31-1998
<INVESTMENTS-AT-COST>                       57,124,892
<INVESTMENTS-AT-VALUE>                      58,577,469
<RECEIVABLES>                                  926,047
<ASSETS-OTHER>                                  87,462
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                              59,590,978
<PAYABLE-FOR-SECURITIES>                             0
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                       59,525
<TOTAL-LIABILITIES>                             59,525
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                    55,346,241
<SHARES-COMMON-STOCK>                        5,254,627
<SHARES-COMMON-PRIOR>                        3,974,903
<ACCUMULATED-NII-CURRENT>                    2,897,928
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                      (165,293)
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                     1,452,577
<NET-ASSETS>                                59,531,453
<DIVIDEND-INCOME>                                    0
<INTEREST-INCOME>                            3,211,948
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                 314,020
<NET-INVESTMENT-INCOME>                      2,897,928
<REALIZED-GAINS-CURRENT>                        77,522
<APPREC-INCREASE-CURRENT>                      678,142
<NET-CHANGE-FROM-OPS>                        3,653,592
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                     2478,951
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                      2,465,899
<NUMBER-OF-SHARES-REDEEMED>                  1,417,637
<SHARES-REINVESTED>                            231,461
<NET-CHANGE-IN-ASSETS>                      15,314,459
<ACCUMULATED-NII-PRIOR>                      2,478,951
<ACCUMULATED-GAINS-PRIOR>                    (242,815)
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                          258,287
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                318,742
<AVERAGE-NET-ASSETS>                        51,677,453
<PER-SHARE-NAV-BEGIN>                            11.12
<PER-SHARE-NII>                                   0.51
<PER-SHARE-GAIN-APPREC>                           0.28
<PER-SHARE-DIVIDEND>                              0.58
<PER-SHARE-DISTRIBUTIONS>                         0.00
<RETURNS-OF-CAPITAL>                              0.00
<PER-SHARE-NAV-END>                              11.33
<EXPENSE-RATIO>                                   0.62
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        

</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<SERIES>
   <NUMBER> 5
   <NAME> LONG TERM BOND PORTFOLIO
       
<S>                             <C>
<PERIOD-TYPE>                   12-MOS
<FISCAL-YEAR-END>                          DEC-31-1998
<PERIOD-END>                               DEC-31-1998
<INVESTMENTS-AT-COST>                      114,567,126
<INVESTMENTS-AT-VALUE>                     120,895,390
<RECEIVABLES>                                2,060,925
<ASSETS-OTHER>                                  93,203
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                             123,049,518
<PAYABLE-FOR-SECURITIES>                             0
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                       92,728
<TOTAL-LIABILITIES>                             92,728
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                   108,951,011
<SHARES-COMMON-STOCK>                        8,674,646
<SHARES-COMMON-PRIOR>                        5,522,848
<ACCUMULATED-NII-CURRENT>                    5,178,086
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                      2,499,429
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                     6,328,264
<NET-ASSETS>                               122,956,790
<DIVIDEND-INCOME>                                    0
<INTEREST-INCOME>                            5,718,150
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                 540,064
<NET-INVESTMENT-INCOME>                      5,178,086
<REALIZED-GAINS-CURRENT>                     2,529,920
<APPREC-INCREASE-CURRENT>                      895,785
<NET-CHANGE-FROM-OPS>                        8,603,791
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                    4,173,497
<DISTRIBUTIONS-OF-GAINS>                       314,904
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                      5,224,600
<NUMBER-OF-SHARES-REDEEMED>                  2,417,533
<SHARES-REINVESTED>                            344,731
<NET-CHANGE-IN-ASSETS>                      47,604,026
<ACCUMULATED-NII-PRIOR>                      4,173,497
<ACCUMULATED-GAINS-PRIOR>                      284,413
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                          468,103
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                544,528
<AVERAGE-NET-ASSETS>                        94,071,708
<PER-SHARE-NAV-BEGIN>                            13.64
<PER-SHARE-NII>                                   0.56
<PER-SHARE-GAIN-APPREC>                           0.75
<PER-SHARE-DIVIDEND>                              0.72
<PER-SHARE-DISTRIBUTIONS>                         0.06
<RETURNS-OF-CAPITAL>                              0.00
<PER-SHARE-NAV-END>                              14.17
<EXPENSE-RATIO>                                   0.58
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        

</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<SERIES>
   <NUMBER> 6
   <NAME> MONEY MARKET PORTFOLIO
       
<S>                             <C>
<PERIOD-TYPE>                   12-MOS
<FISCAL-YEAR-END>                          DEC-31-1998
<PERIOD-END>                               DEC-31-1998
<INVESTMENTS-AT-COST>                      349,511,923
<INVESTMENTS-AT-VALUE>                     349,511,923
<RECEIVABLES>                                2,604,558
<ASSETS-OTHER>                                 851,641
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                             352,968,122
<PAYABLE-FOR-SECURITIES>                             0
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                    3,546,762
<TOTAL-LIABILITIES>                          3,546,762
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                   349,421,360
<SHARES-COMMON-STOCK>                      349,421,360
<SHARES-COMMON-PRIOR>                      158,286,237
<ACCUMULATED-NII-CURRENT>                            0
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                              0
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                             0
<NET-ASSETS>                               349,421,360
<DIVIDEND-INCOME>                                    0
<INTEREST-INCOME>                           14,048,408
<OTHER-INCOME>                                       0
<EXPENSES-NET>                               1,130,444
<NET-INVESTMENT-INCOME>                     12,917,964
<REALIZED-GAINS-CURRENT>                             0
<APPREC-INCREASE-CURRENT>                            0
<NET-CHANGE-FROM-OPS>                       12,917,964
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                   12,917,964
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                    919,623,131
<NUMBER-OF-SHARES-REDEEMED>                914,204,963
<SHARES-REINVESTED>                         12,917,964
<NET-CHANGE-IN-ASSETS>                      13,354,078
<ACCUMULATED-NII-PRIOR>                              0
<ACCUMULATED-GAINS-PRIOR>                            0
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                        1,005,196
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                              1,139,840
<AVERAGE-NET-ASSETS>                       254,011,852
<PER-SHARE-NAV-BEGIN>                             1.00
<PER-SHARE-NII>                                   0.05
<PER-SHARE-GAIN-APPREC>                           0.00
<PER-SHARE-DIVIDEND>                              0.05
<PER-SHARE-DISTRIBUTIONS>                         0.00
<RETURNS-OF-CAPITAL>                              0.00
<PER-SHARE-NAV-END>                               1.00
<EXPENSE-RATIO>                                   0.45
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        

</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<SERIES>
   <NUMBER> 7
   <NAME> GOVERNMENT SECURITIES PORTFOLIO
       
<S>                             <C>
<PERIOD-TYPE>                   12-MOS
<FISCAL-YEAR-END>                          DEC-31-1998
<PERIOD-END>                               DEC-31-1998
<INVESTMENTS-AT-COST>                       52,619,038
<INVESTMENTS-AT-VALUE>                      53,387,010
<RECEIVABLES>                                  538,874
<ASSETS-OTHER>                                 901,525
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                              54,827,409
<PAYABLE-FOR-SECURITIES>                             0
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                      212,596
<TOTAL-LIABILITIES>                            212,596
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                    52,017,786
<SHARES-COMMON-STOCK>                        4,889,511
<SHARES-COMMON-PRIOR>                        2,302,469
<ACCUMULATED-NII-CURRENT>                    1,817,929
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                         11,126
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                       767,972
<NET-ASSETS>                                54,614,813
<DIVIDEND-INCOME>                                    0
<INTEREST-INCOME>                            2,040,390
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                 222,461
<NET-INVESTMENT-INCOME>                      1,817,929
<REALIZED-GAINS-CURRENT>                        12,868
<APPREC-INCREASE-CURRENT>                      449,812
<NET-CHANGE-FROM-OPS>                        2,280,609
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                    1,106,347
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                      3,806,065
<NUMBER-OF-SHARES-REDEEMED>                  1,323,593
<SHARES-REINVESTED>                            104,570
<NET-CHANGE-IN-ASSETS>                      29,548,920
<ACCUMULATED-NII-PRIOR>                      1,106,347
<ACCUMULATED-GAINS-PRIOR>                      (1,742)
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                          176,804
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                226,734
<AVERAGE-NET-ASSETS>                        35,612,975
<PER-SHARE-NAV-BEGIN>                            10.89
<PER-SHARE-NII>                                   0.33
<PER-SHARE-GAIN-APPREC>                           0.39
<PER-SHARE-DIVIDEND>                              0.44
<PER-SHARE-DISTRIBUTIONS>                         0.00
<RETURNS-OF-CAPITAL>                              0.00
<PER-SHARE-NAV-END>                              11.17
<EXPENSE-RATIO>                                   0.64
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        

</TABLE>


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