<PAGE> PAGE 1
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<PAGE> PAGE 2
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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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<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 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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<PAGE> PAGE 17
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<PAGE> PAGE 18
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<PAGE> PAGE 19
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<PAGE> PAGE 20
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<PAGE> PAGE 21
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048 C020600 0.000
048 D010600 0
048 D020600 0.000
048 E010600 0
048 E020600 0.000
048 F010600 0
048 F020600 0.000
048 G010600 0
048 G020600 0.000
048 H010600 0
048 H020600 0.000
048 I010600 0
048 I020600 0.000
048 J010600 0
048 J020600 0.000
048 K010600 500000
048 K020600 0.775
062 A000600 N
062 B000600 0.0
062 C000600 0.0
062 D000600 0.0
062 E000600 0.0
062 F000600 0.0
062 G000600 0.0
062 H000600 0.0
062 I000600 0.0
062 J000600 0.0
062 K000600 0.0
062 L000600 0.0
062 M000600 0.0
<PAGE> PAGE 22
062 N000600 0.0
062 O000600 0.0
062 P000600 0.0
062 Q000600 0.0
062 R000600 0.0
070 A010600 Y
070 A020600 Y
070 B010600 Y
070 B020600 N
070 C010600 Y
070 C020600 N
070 D010600 Y
070 D020600 N
070 E010600 Y
070 E020600 N
070 F010600 Y
070 F020600 N
070 G010600 Y
070 G020600 N
070 H010600 Y
070 H020600 N
070 I010600 Y
070 I020600 N
070 J010600 Y
070 J020600 Y
070 K010600 Y
070 K020600 Y
070 L010600 Y
070 L020600 Y
070 M010600 Y
070 M020600 Y
070 N010600 Y
070 N020600 N
070 O010600 N
070 O020600 N
070 P010600 Y
070 P020600 N
070 Q010600 N
070 Q020600 N
070 R010600 N
070 R020600 N
071 A000600 168412
071 B000600 94826
071 C000600 564117
071 D000600 34
072 A000600 6
072 B000600 1289
072 C000600 6978
072 D000600 0
072 E000600 0
072 F000600 2685
<PAGE> PAGE 23
072 G000600 0
072 H000600 0
072 I000600 0
072 J000600 295
072 K000600 0
072 L000600 0
072 M000600 11
072 N000600 0
072 O000600 0
072 P000600 0
072 Q000600 161
072 R000600 35
072 S000600 6
072 T000600 0
072 U000600 0
072 V000600 0
072 W000600 60
072 X000600 3253
072 Y000600 0
072 Z000600 5014
072AA000600 11544
072BB000600 0
072CC010600 37866
072CC020600 0
072DD010600 13901
072DD020600 0
072EE000600 0
073 A010600 0.2900
073 A020600 0.0000
073 B000600 0.0000
073 C000600 0.0000
074 A000600 1660
074 B000600 29458
074 C000600 0
074 D000600 8639
074 E000600 15710
074 F000600 597493
074 G000600 0
074 H000600 0
074 I000600 0
074 J000600 1754
074 K000600 0
074 L000600 4022
074 M000600 5722
074 N000600 664458
074 O000600 1977
074 P000600 475
074 Q000600 0
074 R010600 0
074 R020600 0
074 R030600 0
<PAGE> PAGE 24
074 R040600 391
074 S000600 0
074 T000600 661615
074 U010600 52450
074 U020600 0
074 V010600 12.61
074 V020600 0.00
074 W000600 0.0000
074 X000600 0
074 Y000600 0
075 A000600 0
075 B000600 615521
076 000600 0.00
028 A010800 3915
028 A020800 367
028 A030800 0
028 A040800 2082
028 B010800 3148
028 B020800 729
028 B030800 0
028 B040800 770
028 C010800 4497
028 C020800 0
028 C030800 0
028 C040800 2043
028 D010800 3770
028 D020800 380
028 D030800 0
028 D040800 1254
028 E010800 3683
028 E020800 0
028 E030800 0
028 E040800 1541
028 F010800 1273
028 F020800 0
028 F030800 0
028 F040800 1399
028 G010800 20286
028 G020800 1476
028 G030800 0
028 G040800 9089
028 H000800 0
054 A000800 Y
054 B000800 N
054 C000800 N
054 D000800 N
054 E000800 N
054 F000800 N
054 G000800 N
054 H000800 Y
054 I000800 N
<PAGE> PAGE 25
054 J000800 Y
054 K000800 N
054 L000800 N
054 M000800 Y
054 N000800 N
054 O000800 Y
062 A000800 N
062 B000800 0.0
062 C000800 0.0
062 D000800 0.0
062 E000800 0.0
062 F000800 0.0
062 G000800 0.0
062 H000800 0.0
062 I000800 0.0
062 J000800 0.0
062 K000800 0.0
062 L000800 0.0
062 M000800 0.0
062 N000800 0.0
062 O000800 0.0
062 P000800 0.0
062 Q000800 0.0
062 R000800 0.0
071 A000800 25042
071 B000800 11091
071 C000800 59182
071 D000800 37
072 A000800 6
072 B000800 78
072 C000800 1066
072 D000800 0
072 E000800 0
072 F000800 144
072 G000800 0
072 H000800 0
072 I000800 0
072 J000800 15
072 K000800 0
072 L000800 0
072 M000800 9
072 N000800 5
072 O000800 0
072 P000800 0
072 Q000800 20
072 R000800 5
072 S000800 0
072 T000800 0
072 U000800 0
072 V000800 0
072 W000800 7
<PAGE> PAGE 26
072 X000800 205
072 Y000800 0
072 Z000800 939
072AA000800 1869
072BB000800 0
072CC010800 1884
072CC020800 0
072DD010800 747
072DD020800 0
072EE000800 729
073 A010800 0.1100
073 A020800 0.0000
073 B000800 0.1000
073 C000800 0.0000
074 A000800 0
074 B000800 660
074 C000800 0
074 D000800 840
074 E000800 3477
074 F000800 62310
074 G000800 0
074 H000800 0
074 I000800 0
074 J000800 358
074 K000800 0
074 L000800 407
074 M000800 0
074 N000800 68052
074 O000800 148
074 P000800 26
074 Q000800 0
074 R010800 0
074 R020800 0
074 R030800 0
074 R040800 30
074 S000800 0
074 T000800 67848
074 U010800 8032
074 U020800 0
074 V010800 8.45
074 V020800 0.00
074 W000800 0.0000
074 X000800 0
074 Y000800 0
075 A000800 0
075 B000800 61011
076 000800 0.00
SIGNATURE THOMAS F. MCDONOUGH
TITLE SECRETARY
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
This schedule contains summary financial information extracted from the Scudder
Variable Life Investment Fund Money Market Portfolio Semiannual Report for the
six month period ended June 30, 1996 and is qualified in its entirety by
reference to such financial
statements.
</LEGEND>
<SERIES>
<NUMBER> 1
<NAME> SCUDDER VARIABLE LIFE INVESTMENT FUND
MONEY MARKET PORTFOLIO
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> DEC-31-1996
<PERIOD-START> JAN-1-1996
<PERIOD-END> JUN-30-1996
<INVESTMENTS-AT-COST> 79,528,661
<INVESTMENTS-AT-VALUE> 79,528,661
<RECEIVABLES> 2,664,061
<ASSETS-OTHER> 779
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 82,193,501
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 28,455
<TOTAL-LIABILITIES> 28,455
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 82,165,046
<SHARES-COMMON-STOCK> 82,165,046
<SHARES-COMMON-PRIOR> 79,747,891
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 0
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 0
<NET-ASSETS> 82,165,046
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 2,200,289
<OTHER-INCOME> 0
<EXPENSES-NET> 195,421
<NET-INVESTMENT-INCOME> 2,004,868
<REALIZED-GAINS-CURRENT> 0
<APPREC-INCREASE-CURRENT> 0
<NET-CHANGE-FROM-OPS> 2,004,868
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (2,004,868)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 87,640,292
<NUMBER-OF-SHARES-REDEEMED> (87,228,005)
<SHARES-REINVESTED> 2,004,868
<NET-CHANGE-IN-ASSETS> 2,417,155
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 149,819
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 195,421
<AVERAGE-NET-ASSETS> 81,377,666
<PER-SHARE-NAV-BEGIN> 1.00
<PER-SHARE-NII> .025
<PER-SHARE-GAIN-APPREC> .00
<PER-SHARE-DIVIDEND> (.025)
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 1.00
<EXPENSE-RATIO> .48
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
This schedule contains summary financial information extracted from the Scudder
Variable Life Investment Fund Bond Portfolio Semiannual Report for the six month
period ended June 30, 1996 and is qualified in its entirety by reference to such
financial statements.
</LEGEND>
<SERIES>
<NUMBER> 2
<NAME> SCUDDER VARIABLE LIFE INVESTMENT FUND
BOND PORTFOLIO
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> DEC-31-1996
<PERIOD-START> JAN-1-1996
<PERIOD-END> JUN-30-1996
<INVESTMENTS-AT-COST> 60,357,676
<INVESTMENTS-AT-VALUE> 60,193,485
<RECEIVABLES> 7,215,503
<ASSETS-OTHER> 371
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 67,409,359
<PAYABLE-FOR-SECURITIES> 4,761,250
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 83,266
<TOTAL-LIABILITIES> 4,844,516
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 61,730,050
<SHARES-COMMON-STOCK> 9,478,974
<SHARES-COMMON-PRIOR> 10,126,562
<ACCUMULATED-NII-CURRENT> 833,645
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 165,339
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> (164,191)
<NET-ASSETS> 62,564,843
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 1,923,317
<OTHER-INCOME> 0
<EXPENSES-NET> 186,486
<NET-INVESTMENT-INCOME> 1,736,831
<REALIZED-GAINS-CURRENT> 588,071
<APPREC-INCREASE-CURRENT> (3,594,280)
<NET-CHANGE-FROM-OPS> (1,269,378)
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 3,490,390
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 2,578,513
<NUMBER-OF-SHARES-REDEEMED> (3,741,214)
<SHARES-REINVESTED> 515,113
<NET-CHANGE-IN-ASSETS> (9,949,614)
<ACCUMULATED-NII-PRIOR> 2,587,204
<ACCUMULATED-GAINS-PRIOR> (422,732)
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 137,643
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 186,486
<AVERAGE-NET-ASSETS> 58,271,874
<PER-SHARE-NAV-BEGIN> 7.16
<PER-SHARE-NII> .19
<PER-SHARE-GAIN-APPREC> (.33)
<PER-SHARE-DIVIDEND> (.42)
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 6.60
<EXPENSE-RATIO> .64
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
This schedule contains summary financial information extracted from the Scudder
Variable Life Investment Fund Balanced Portfolio Semiannual Report for the six
month period ended June 30, 1996 and is qualified in its entirety by reference
to such financial statements.
</LEGEND>
<SERIES>
<NUMBER> 4
<NAME> SCUDDER VARIABLE LIFE INVESTMENT FUND
BALANCED PORTFOLIO
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> DEC-31-1996
<PERIOD-START> JAN-1-1996
<PERIOD-END> JUN-30-1996
<INVESTMENTS-AT-COST> 70,234,302
<INVESTMENTS-AT-VALUE> 79,140,628
<RECEIVABLES> 557,597
<ASSETS-OTHER> 489
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 79,698,714
<PAYABLE-FOR-SECURITIES> 138,481
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 97,963
<TOTAL-LIABILITIES> 236,444
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 66,815,221
<SHARES-COMMON-STOCK> 7,123,484
<SHARES-COMMON-PRIOR> 6,206,064
<ACCUMULATED-NII-CURRENT> 504,407
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 3,236,316
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 8,906,326
<NET-ASSETS> 79,462,270
<DIVIDEND-INCOME> 293,962
<INTEREST-INCOME> 935,332
<OTHER-INCOME> 0
<EXPENSES-NET> 229,851
<NET-INVESTMENT-INCOME> 999,443
<REALIZED-GAINS-CURRENT> 3,330,405
<APPREC-INCREASE-CURRENT> (14,855)
<NET-CHANGE-FROM-OPS> 4,314,993
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (978,873)
<DISTRIBUTIONS-OF-GAINS> (1,925,657)
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 1,310,479
<NUMBER-OF-SHARES-REDEEMED> (657,886)
<SHARES-REINVESTED> 264,827
<NET-CHANGE-IN-ASSETS> 11,536,481
<ACCUMULATED-NII-PRIOR> 483,837
<ACCUMULATED-GAINS-PRIOR> 1,831,568
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 173,914
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 229,851
<AVERAGE-NET-ASSETS> 73,435,609
<PER-SHARE-NAV-BEGIN> 10.95
<PER-SHARE-NII> .15
<PER-SHARE-GAIN-APPREC> .50
<PER-SHARE-DIVIDEND> (.15)
<PER-SHARE-DISTRIBUTIONS> (.30)
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 11.15
<EXPENSE-RATIO> .63
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
This schedule contains summary financial information extracted from the Scudder
Variable Life Investment Fund Growth and Income Portfolio Semiannual Report for
the six month period ended June 30, 1996 and is qualified in its entirety by
reference to such
financial statements.
</LEGEND>
<SERIES>
<NUMBER> 8
<NAME> SCUDDER VARIABLE LIFE INVESTMENT FUND
GROWTH AND INCOME PORTFOLIO
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> DEC-31-1996
<PERIOD-START> JAN-1-1996
<PERIOD-END> JUN-30-1996
<INVESTMENTS-AT-COST> 57,619,648
<INVESTMENTS-AT-VALUE> 67,288,073
<RECEIVABLES> 764,682
<ASSETS-OTHER> 257
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 68,053,012
<PAYABLE-FOR-SECURITIES> 147,649
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 56,796
<TOTAL-LIABILITIES> 204,445
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 55,780,745
<SHARES-COMMON-STOCK> 8,031,545
<SHARES-COMMON-PRIOR> 6,510,714
<ACCUMULATED-NII-CURRENT> 593,902
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 1,805,486
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 9,668,434
<NET-ASSETS> 67,848,567
<DIVIDEND-INCOME> 1,065,552
<INTEREST-INCOME> 78,117
<OTHER-INCOME> 0
<EXPENSES-NET> 206,886
<NET-INVESTMENT-INCOME> 936,783
<REALIZED-GAINS-CURRENT> 1,869,287
<APPREC-INCREASE-CURRENT> 1,883,968
<NET-CHANGE-FROM-OPS> 4,690,038
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (746,851)
<DISTRIBUTIONS-OF-GAINS> (729,093)
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 2,445,454
<NUMBER-OF-SHARES-REDEEMED> (1,104,080)
<SHARES-REINVESTED> 179,457
<NET-CHANGE-IN-ASSETS> 15,886,133
<ACCUMULATED-NII-PRIOR> 403,970
<ACCUMULATED-GAINS-PRIOR> 665,292
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 144,474
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 206,886
<AVERAGE-NET-ASSETS> 61,011,313
<PER-SHARE-NAV-BEGIN> 7.98
<PER-SHARE-NII> .13
<PER-SHARE-GAIN-APPREC> .55
<PER-SHARE-DIVIDEND> (.11)
<PER-SHARE-DISTRIBUTIONS> (.10)
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 8.45
<EXPENSE-RATIO> 0.68
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
This schedule contains summary financial information extracted from the Scudder
Variable Life Investment Fund Capital Growth Portfolio Semiannual Report for the
six month period ended June 30, 1996 and is qualified in its entirety by
reference to such financial
statements.
</LEGEND>
<SERIES>
<NUMBER> 3
<NAME> SCUDDER VARIABLE LIFE INVESTMENT FUND
CAPITAL GROWTH PORTFOLIO
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> DEC-31-1996
<PERIOD-START> JAN-1-1996
<PERIOD-END> JUN-30-1996
<INVESTMENTS-AT-COST> 337,054,397
<INVESTMENTS-AT-VALUE> 387,693,465
<RECEIVABLES> 3,586,442
<ASSETS-OTHER> 650
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 391,280,557
<PAYABLE-FOR-SECURITIES> 975,543
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 240,002
<TOTAL-LIABILITIES> 1,215,545
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 321,439,866
<SHARES-COMMON-STOCK> 25,874,748
<SHARES-COMMON-PRIOR> 22,392,030
<ACCUMULATED-NII-CURRENT> 1,369,506
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 16,616,750
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 50,638,890
<NET-ASSETS> 390,065,012
<DIVIDEND-INCOME> 2,874,060
<INTEREST-INCOME> 366,804
<OTHER-INCOME> 0
<EXPENSES-NET> 987,244
<NET-INVESTMENT-INCOME> 2,253,620
<REALIZED-GAINS-CURRENT> 16,722,601
<APPREC-INCREASE-CURRENT> 12,056,373
<NET-CHANGE-FROM-OPS> 31,032,594
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (2,134,964)
<DISTRIBUTIONS-OF-GAINS> (28,547,850)
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 5,028,948
<NUMBER-OF-SHARES-REDEEMED> (3,608,241)
<SHARES-REINVESTED> 2,062,011
<NET-CHANGE-IN-ASSETS> 52,396,532
<ACCUMULATED-NII-PRIOR> 1,250,850
<ACCUMULATED-GAINS-PRIOR> 28,441,999
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 872,000
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 987,244
<AVERAGE-NET-ASSETS> 386,166,447
<PER-SHARE-NAV-BEGIN> 15.08
<PER-SHARE-NII> .09
<PER-SHARE-GAIN-APPREC> 1.26
<PER-SHARE-DIVIDEND> (.09)
<PER-SHARE-DISTRIBUTIONS> (1.26)
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 15.08
<EXPENSE-RATIO> .54
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
This schedule contains summary financial information extracted from the Scudder
Variable Life Investment Fund Global Discovery Portfolio Semiannual Report for
the six month period ended June 30, 1996 and is qualified in its entirety by
reference to such financial statements.
</LEGEND>
<SERIES>
<NUMBER> 5
<NAME> SCUDDER VARIABLE LIFE INVESTMENT FUND
GLOBAL DISCOVERY PORTFOLIO
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> DEC-31-1996
<PERIOD-START> JAN-1-1996
<PERIOD-END> JUN-30-1996
<INVESTMENTS-AT-COST> 10,806,642
<INVESTMENTS-AT-VALUE> 10,815,503
<RECEIVABLES> 68,191
<ASSETS-OTHER> 421,983
<OTHER-ITEMS-ASSETS> 5,105
<TOTAL-ASSETS> 11,310,782
<PAYABLE-FOR-SECURITIES> 838,632
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 22,991
<TOTAL-LIABILITIES> 861,623
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 10,376,933
<SHARES-COMMON-STOCK> 1,713,684
<SHARES-COMMON-PRIOR> 0
<ACCUMULATED-NII-CURRENT> 16,186
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 42,239
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 13,801
<NET-ASSETS> 10,449,159
<DIVIDEND-INCOME> 9,387
<INTEREST-INCOME> 22,391
<OTHER-INCOME> 0
<EXPENSES-NET> 15,592
<NET-INVESTMENT-INCOME> 16,186
<REALIZED-GAINS-CURRENT> 42,239
<APPREC-INCREASE-CURRENT> 13,801
<NET-CHANGE-FROM-OPS> 72,226
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 1,733,345
<NUMBER-OF-SHARES-REDEEMED> (19,761)
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> 10,448,559
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 8,681
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 36,422
<AVERAGE-NET-ASSETS> 6,224,573
<PER-SHARE-NAV-BEGIN> 6.00
<PER-SHARE-NII> .01
<PER-SHARE-GAIN-APPREC> .09
<PER-SHARE-DIVIDEND> 0
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 6.10
<EXPENSE-RATIO> 1.50
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
This schedule contains summary financial information extracted from the Scudder
Variable Life Investment Fund International Portfolio Semiannual Report for the
six month period ended June 30,1996 and is qualified in its entirety by
reference to such financial statements.
</LEGEND>
<SERIES>
<NUMBER> 6
<NAME> SCUDDER VARIABLE LIFE INVESTMENT FUND
INTERNATIONAL PORTFOLIO
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> DEC-31-1996
<PERIOD-START> JAN-1-1996
<PERIOD-END> JUN-30-1996
<INVESTMENTS-AT-COST> 539,604,299
<INVESTMENTS-AT-VALUE> 651,300,162
<RECEIVABLES> 5,776,677
<ASSETS-OTHER> 1,659,584
<OTHER-ITEMS-ASSETS> 5,721,589
<TOTAL-ASSETS> 664,458,012
<PAYABLE-FOR-SECURITIES> 1,977,492
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 865,562
<TOTAL-LIABILITIES> 2,843,054
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 544,677,316
<SHARES-COMMON-STOCK> 52,449,949
<SHARES-COMMON-PRIOR> 46,398,169
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> (3,290,083)
<ACCUMULATED-NET-GAINS> 2,802,464
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 117,425,261
<NET-ASSETS> 661,614,958
<DIVIDEND-INCOME> 6,977,658
<INTEREST-INCOME> 1,288,534
<OTHER-INCOME> 0
<EXPENSES-NET> 3,253,167
<NET-INVESTMENT-INCOME> 5,013,025
<REALIZED-GAINS-CURRENT> 11,543,947
<APPREC-INCREASE-CURRENT> 37,865,831
<NET-CHANGE-FROM-OPS> 54,422,803
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (13,901,339)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 10,489,489
<NUMBER-OF-SHARES-REDEEMED> (5,604,662)
<SHARES-REINVESTED> 1,166,953
<NET-CHANGE-IN-ASSETS> 113,412,465
<ACCUMULATED-NII-PRIOR> 5,589,231
<ACCUMULATED-GAINS-PRIOR> (8,741,483)
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 2,685,496
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 3,253,167
<AVERAGE-NET-ASSETS> 615,521,489
<PER-SHARE-NAV-BEGIN> 11.82
<PER-SHARE-NII> .10
<PER-SHARE-GAIN-APPREC> .98
<PER-SHARE-DIVIDEND> (.29)
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 12.61
<EXPENSE-RATIO> 1.06
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
