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028 C030800 0
028 C040800 150
028 D010800 721
028 D020800 68
028 D030800 0
028 D040800 40
028 E010800 317
028 E020800 0
028 E030800 0
028 E040800 249
028 F010800 621
028 F020800 0
028 F030800 0
028 F040800 346
028 G010800 3225
028 G020800 122
028 G030800 0
028 G040800 1654
028 H000800 0
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
070 A010800 Y
<PAGE> PAGE 22
070 A020800 Y
070 B010800 Y
070 B020800 N
070 C010800 Y
070 C020800 N
070 D010800 Y
070 D020800 N
070 E010800 Y
070 E020800 N
070 F010800 Y
070 F020800 N
070 G010800 Y
070 G020800 N
070 H010800 Y
070 H020800 N
070 I010800 N
070 I020800 N
070 J010800 Y
070 J020800 Y
070 K010800 Y
070 K020800 N
070 L010800 Y
070 L020800 Y
070 M010800 Y
070 M020800 N
070 N010800 Y
070 N020800 N
070 O010800 Y
070 O020800 N
070 P010800 Y
070 P020800 N
070 Q010800 N
070 Q020800 N
070 R010800 N
070 R020800 N
071 A000800 47137
071 B000800 21526
071 C000800 66887
071 D000800 32
072 A000800 12
072 B000800 154
072 C000800 2452
072 D000800 0
072 E000800 0
072 F000800 326
072 G000800 0
072 H000800 0
072 I000800 0
072 J000800 84
072 K000800 0
072 L000800 0
<PAGE> PAGE 23
072 M000800 17
072 N000800 10
072 O000800 0
072 P000800 0
072 Q000800 20
072 R000800 11
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072 T000800 0
072 U000800 0
072 V000800 0
072 W000800 4
072 X000800 472
072 Y000800 0
072 Z000800 2134
072AA000800 3799
072BB000800 0
072CC010800 7842
072CC020800 0
072DD010800 1781
072DD020800 0
072EE000800 729
073 A010800 0.2300
073 A020800 0.0000
073 B000800 0.1000
073 C000800 0.0000
074 A000800 1
074 B000800 4176
074 C000800 0
074 D000800 1040
074 E000800 2450
074 F000800 82692
074 G000800 0
074 H000800 0
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074 M000800 2
074 N000800 91241
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074 P000800 35
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074 R010800 0
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074 R040800 37
074 S000800 0
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074 U010800 9724
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074 V010800 9.37
<PAGE> PAGE 24
074 V020800 0.00
074 W000800 0.0000
074 X000800 0
074 Y000800 0
075 A000800 0
075 B000800 68564
076 000800 0.00
080 A000800 ICI MUTUAL INSURANCE COMPANY
080 C000800 40000
081 A000800 Y
081 B000800 70
082 A000800 N
082 B000800 0
083 A000800 N
083 B000800 0
084 A000800 N
084 B000800 0
085 A000800 Y
085 B000800 N
SIGNATURE THOMAS F. MCDONOUGH
TITLE SECRETARY
REPORT OF INDEPENDENT ACCOUNTANTS
Coopers Coopers & Lybrand L.L.P.
& Lybrand
a professional services firm
Report of Independent Accountants
To the Board of Directors and Shareholders
of Scudder Variable Life Investment Fund:
In planning and performing our audit of the financial statements and
financial highlights of Scudder Variable Life Investment Fund for the year ended
December 31, 1996, we considered its internal control structure, including
procedures for safeguarding securities, in order to determine our auditing
procedures for the purpose of expressing our opinion on the financial statements
and financial highlights and to comply with the requirements of Form N-SAR, not
to provide assurance on the internal control structure.
The management of Scudder Variable Life Investment Fund is responsible
for establishing and maintaining an internal control structure. In fulfilling
this responsibility, estimates and judgments by management are required to
assess the expected benefits and related costs of internal control structure
policies and procedures. Two of the objectives of an internal control structure
are to provide management with reasonable, but not absolute, assurance that
assets are safeguarded against loss from unauthorized use or disposition and
that transactions are executed in accordance with management's authorization and
recorded properly to permit preparation of financial statements in conformity
with generally accepted accounting principles.
Because of inherent limitations in any internal control structure,
errors or irregularities may occur and not be detected. Also, projection of any
evaluation of the structure to future periods is subject to the risk that it may
become inadequate because of changes in conditions or that the effectiveness of
the design and operations may deteriorate.
Our consideration of the internal control structure would not
necessarily disclose all matters in the internal control structure that might be
material weaknesses under standards established by the American Institute of
Certified Public Accountants. A material weakness is a condition in which the
design or operation of the specific internal control structure elements does not
reduce to a relatively low level the risk that errors or irregularities in
amounts that would be material in relation to the financial statements and
financial highlights being audited may occur and not be detected within a timely
period by employees in the normal course of performing their assigned functions.
However, we noted no matters involving the internal control structure, including
procedures for safeguarding securities, that we consider to be material
weaknesses, as defined above, as of December 31, 1996.
This report is intended solely for the information and use of
management of Scudder Variable Life Investment Fund and the Securities and
Exchange Commission.
/s/Coopers & Lybrand L.L.P.
Boston, Massachusetts COOPERS & LYBRAND L.L.P.
February 7, 1997
Coopers & Lybrand L.L.P. is a member of Coopers & Lybrand International, a
limited liability association incorporated in Switzerland.
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
This schedule contains summary financial information
extracted from the Scudder Variable Life Investment
Fund Money Market Portfolio Annual Report for the
fiscal year ended December 31, 1996 and is qualified in
its entirety by reference to such financial statements.
</LEGEND>
<SERIES>
<NUMBER> 1
<NAME> VLIF for MONEY MARKET PORTFOLIO
<S> <C>
<PERIOD-TYPE> YEAR
<FISCAL-YEAR-END> DEC-31-1996
<PERIOD-START> JAN-01-1996
<PERIOD-END> DEC-31-1996
<INVESTMENTS-AT-COST> 94,073,346
<INVESTMENTS-AT-VALUE> 94,073,346
<RECEIVABLES> 4,166,208
<ASSETS-OTHER> 658
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 98,240,212
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 454,586
<TOTAL-LIABILITIES> 454,586
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 97,788,109
<SHARES-COMMON-STOCK> 97,786,551
<SHARES-COMMON-PRIOR> 79,747,891
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (2,483)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 0
<NET-ASSETS> 97,785,626
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 4,794,163
<OTHER-INCOME> 0
<EXPENSES-NET> 408,208
<NET-INVESTMENT-INCOME> 4,385,955
<REALIZED-GAINS-CURRENT> (917)
<APPREC-INCREASE-CURRENT> 0
<NET-CHANGE-FROM-OPS> 4,385,038
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (4,385,955)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 201,403,317
<NUMBER-OF-SHARES-REDEEMED> (187,750,612)
<SHARES-REINVESTED> 4,385,955
<NET-CHANGE-IN-ASSETS> 18,037,735
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 325,791
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 408,208
<AVERAGE-NET-ASSETS> 88,024,247
<PER-SHARE-NAV-BEGIN> 1.00
<PER-SHARE-NII> 0.05
<PER-SHARE-GAIN-APPREC> 0
<PER-SHARE-DIVIDEND> 0.05
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 1.00
<EXPENSE-RATIO> 0.46
<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 Annual Report for the fiscal year
ended December 31, 1996 and is qualified in its
entirety by reference to such financial statements.
</LEGEND>
<SERIES>
<NUMBER> 2
<NAME> VLIF FOR BOND PORTFOLIO
<S> <C>
<PERIOD-TYPE> YEAR
<FISCAL-YEAR-END> DEC-31-1996
<PERIOD-START> JAN-01-1996
<PERIOD-END> DEC-31-1996
<INVESTMENTS-AT-COST> 65,964,792
<INVESTMENTS-AT-VALUE> 66,880,533
<RECEIVABLES> 709,248
<ASSETS-OTHER> 822
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 67,590,603
<PAYABLE-FOR-SECURITIES> 1,753,343
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 67,839
<TOTAL-LIABILITIES> 1,821,182
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 63,688,867
<SHARES-COMMON-STOCK> 9,775,320
<SHARES-COMMON-PRIOR> 10,126,562
<ACCUMULATED-NII-CURRENT> 1,075,196
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 89,617
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 915,741
<NET-ASSETS> 65,769,421
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 4,183,772
<OTHER-INCOME> 0
<EXPENSES-NET> 377,038
<NET-INVESTMENT-INCOME> 3,806,734
<REALIZED-GAINS-CURRENT> 598,986
<APPREC-INCREASE-CURRENT> (2,514,348)
<NET-CHANGE-FROM-OPS> 1,891,372
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (5,405,378)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 4,122,227
<NUMBER-OF-SHARES-REDEEMED> (5,280,312)
<SHARES-REINVESTED> 806,843
<NET-CHANGE-IN-ASSETS> (6,745,036)
<ACCUMULATED-NII-PRIOR> 2,587,204
<ACCUMULATED-GAINS-PRIOR> (422,732)
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 2,914,740
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 186,486
<AVERAGE-NET-ASSETS> 61,401,529
<PER-SHARE-NAV-BEGIN> 7.16
<PER-SHARE-NII> (0.41)
<PER-SHARE-GAIN-APPREC> 0.21
<PER-SHARE-DIVIDEND> 0.62
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 6.73
<EXPENSE-RATIO> 0.61
<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 Annual Report for the fiscal
year ended December 31, 1996 and is qualified in its
entirety by reference to such financial statements.
</LEGEND>
<SERIES>
<NUMBER> 4
<NAME> VLIF for BALANCED PORTFOLIO
<S> <C>
<PERIOD-TYPE> YEAR
<FISCAL-YEAR-END> DEC-31-1996
<PERIOD-START> JAN-01-1996
<PERIOD-END> DEC-31-1996
<INVESTMENTS-AT-COST> 78,217,037
<INVESTMENTS-AT-VALUE> 88,773,889
<RECEIVABLES> 778,106
<ASSETS-OTHER> 1,492
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 89,553,487
<PAYABLE-FOR-SECURITIES> 1,150,199
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 60,451
<TOTAL-LIABILITIES> 1,210,650
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 72,316,232
<SHARES-COMMON-STOCK> 7,608,722
<SHARES-COMMON-PRIOR> 6,206,064
<ACCUMULATED-NII-CURRENT> 672,177
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 4,797,576
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 10,556,852
<NET-ASSETS> 88,342,837
<DIVIDEND-INCOME> 580,951
<INTEREST-INCOME> 2,099,138
<OTHER-INCOME> 0
<EXPENSES-NET> 471,342
<NET-INVESTMENT-INCOME> 2,208,747
<REALIZED-GAINS-CURRENT> 4,899,761
<APPREC-INCREASE-CURRENT> 1,635,671
<NET-CHANGE-FROM-OPS> 8,744,179
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (2,028,500)
<DISTRIBUTIONS-OF-GAINS> (1,925,657)
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 2,336,335
<NUMBER-OF-SHARES-REDEEMED> (1,294,203)
<SHARES-REINVESTED> 360,527
<NET-CHANGE-IN-ASSETS> 20,417,048
<ACCUMULATED-NII-PRIOR> 483,837
<ACCUMULATED-GAINS-PRIOR> 1,831,568
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 372,176
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 471,342
<AVERAGE-NET-ASSETS> 78,257,738
<PER-SHARE-NAV-BEGIN> 10.95
<PER-SHARE-NII> 0.31
<PER-SHARE-GAIN-APPREC> 0.93
<PER-SHARE-DIVIDEND> 0.30
<PER-SHARE-DISTRIBUTIONS> 0.30
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 11.61
<EXPENSE-RATIO> 0.60
<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 Annual Report for the
fiscal year ended December 31, 1996 and is qualified in its entirety by
reference to such financial statements.
</LEGEND>
<SERIES>
<NUMBER> 8
<NAME> VLIF for GROWTH AND INCOME PORTFOLIO
<S> <C>
<PERIOD-TYPE> YEAR
<FISCAL-YEAR-END> DEC-31-1996
<PERIOD-START> JAN-01-1996
<PERIOD-END> DEC-31-1996
<INVESTMENTS-AT-COST> 74,730,607
<INVESTMENTS-AT-VALUE> 90,356,936
<RECEIVABLES> 879,519
<ASSETS-OTHER> 3,066
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 91,239,521
<PAYABLE-FOR-SECURITIES> 76,620
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 71,354
<TOTAL-LIABILITIES> 147,974
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 70,952,059
<SHARES-COMMON-STOCK> 9,724,734
<SHARES-COMMON-PRIOR> 6,510,714
<ACCUMULATED-NII-CURRENT> 716,479
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 3,799,669
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 15,626,340
<NET-ASSETS> 91,091,547
<DIVIDEND-INCOME> 2,451,899
<INTEREST-INCOME> 154,234
<OTHER-INCOME> 0
<EXPENSES-NET> 450,851
<NET-INVESTMENT-INCOME> 2,155,282
<REALIZED-GAINS-CURRENT> 3,798,567
<APPREC-INCREASE-CURRENT> 7,841,874
<NET-CHANGE-FROM-OPS> 13,795,723
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (1,781,057)
<DISTRIBUTIONS-OF-GAINS> (729,093)
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 5,669,995
<NUMBER-OF-SHARES-REDEEMED> (2,757,898)
<SHARES-REINVESTED> 301,924
<NET-CHANGE-IN-ASSETS> 39,129,113
<ACCUMULATED-NII-PRIOR> 403,970
<ACCUMULATED-GAINS-PRIOR> 665,292
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 326,033
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 450,851
<AVERAGE-NET-ASSETS> 68,564,087
<PER-SHARE-NAV-BEGIN> 7.98
<PER-SHARE-NII> 0.27
<PER-SHARE-GAIN-APPREC> 1.46
<PER-SHARE-DIVIDEND> 0.23
<PER-SHARE-DISTRIBUTIONS> 0.11
<RETURNS-OF-CAPITAL> 0.00
<PER-SHARE-NAV-END> 9.37
<EXPENSE-RATIO> 0.66
<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 Annual Report for the
fiscal year ended December 31, 1996 and is qualified in its entirety by
reference to such financial statements.
</LEGEND>
<SERIES>
<NUMBER> 3
<NAME> VLIF for CAPITAL GROWTH PORTFOLIO
<S> <C>
<PERIOD-TYPE> YEAR
<FISCAL-YEAR-END> DEC-31-1996
<PERIOD-START> JAN-01-1996
<PERIOD-END> DEC-31-1996
<INVESTMENTS-AT-COST> 368,576,394
<INVESTMENTS-AT-VALUE> 440,187,681
<RECEIVABLES> 2,723,246
<ASSETS-OTHER> 21,823
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 442,932,750
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 2,451,442
<TOTAL-LIABILITIES> 2,451,442
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 333,543,779
<SHARES-COMMON-STOCK> 26,691,077
<SHARES-COMMON-PRIOR> 22,392,030
<ACCUMULATED-NII-CURRENT> 1,565,989
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 33,760,206
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 71,611,334
<NET-ASSETS> 440,481,308
<DIVIDEND-INCOME> 6,354,599
<INTEREST-INCOME> 723,916
<OTHER-INCOME> 0
<EXPENSES-NET> 2,085,511
<NET-INVESTMENT-INCOME> 4,993,004
<REALIZED-GAINS-CURRENT> 33,854,212
<APPREC-INCREASE-CURRENT> 33,028,817
<NET-CHANGE-FROM-OPS> 71,879,033
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (4,669,020)
<DISTRIBUTIONS-OF-GAINS> (28,547,850)
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 11,627,336
<NUMBER-OF-SHARES-REDEEMED> (9,562,105)
<SHARES-REINVESTED> 2,233,815
<NET-CHANGE-IN-ASSETS> 102,812,828
<ACCUMULATED-NII-PRIOR> 1,250,850
<ACCUMULATED-GAINS-PRIOR> 28,441,999
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 1,870,361
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 2,085,511
<AVERAGE-NET-ASSETS> 393,929,723
<PER-SHARE-NAV-BEGIN> 15.08
<PER-SHARE-NII> 0.19
<PER-SHARE-GAIN-APPREC> 2.60
<PER-SHARE-DIVIDEND> 0.19
<PER-SHARE-DISTRIBUTIONS> 1.26
<RETURNS-OF-CAPITAL> 00.00
<PER-SHARE-NAV-END> 16.50
<EXPENSE-RATIO> 0.53
<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 Annual Report for the
fiscal year ended December 31, 1996 and is qualified in
its entirety by reference to such financial statements.
</LEGEND>
<SERIES>
<NUMBER> 5
<NAME> VLIF for GLOBAL DISCOVERY PORTFOLIO
<S> <C>
<PERIOD-TYPE> YEAR
<FISCAL-YEAR-END> DEC-31-1996
<PERIOD-START> JAN-01-1996
<PERIOD-END> DEC-31-1996
<INVESTMENTS-AT-COST> 16,244,126
<INVESTMENTS-AT-VALUE> 16,904,247
<RECEIVABLES> 273,377
<ASSETS-OTHER> 371
<OTHER-ITEMS-ASSETS> 28,401
<TOTAL-ASSETS> 17,206,396
<PAYABLE-FOR-SECURITIES> 363,526
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 85,606
<TOTAL-LIABILITIES> 449,132
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 16,054,634
<SHARES-COMMON-STOCK> 2,647,089
<SHARES-COMMON-PRIOR> 100
<ACCUMULATED-NII-CURRENT> 44,728
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (18,886)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 676,788
<NET-ASSETS> 16,757,264
<DIVIDEND-INCOME> 39,856
<INTEREST-INCOME> 73,358
<OTHER-INCOME> 0
<EXPENSES-NET> 124,360
<NET-INVESTMENT-INCOME> (11,146)
<REALIZED-GAINS-CURRENT> 36,987
<APPREC-INCREASE-CURRENT> 676,788
<NET-CHANGE-FROM-OPS> 108,629
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 3,107,414
<NUMBER-OF-SHARES-REDEEMED> (460,425)
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> 16,756,664
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 81,029
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 124,360
<AVERAGE-NET-ASSETS> 12,382,531
<PER-SHARE-NAV-BEGIN> 6.00
<PER-SHARE-NII> 0.01
<PER-SHARE-GAIN-APPREC> 0.33
<PER-SHARE-DIVIDEND> 0.00
<PER-SHARE-DISTRIBUTIONS> 0.00
<RETURNS-OF-CAPITAL> 0.00
<PER-SHARE-NAV-END> 6.33
<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 Annual Report for the
fiscal year ended December 31, 1996 and is qualified in
its entirety by reference to such financial statements.
</LEGEND>
<SERIES>
<NUMBER> 6
<NAME> VLIF for INTERNATIONAL PORTFOLIO
<S> <C>
<PERIOD-TYPE> YEAR
<FISCAL-YEAR-END> DEC-31-1996
<PERIOD-START> JAN-01-1996
<PERIOD-END> DEC-31-1996
<INVESTMENTS-AT-COST> 587,666,211
<INVESTMENTS-AT-VALUE> 722,451,887
<RECEIVABLES> 2,355,899
<ASSETS-OTHER> 4,606,493
<OTHER-ITEMS-ASSETS> 642,355
<TOTAL-ASSETS> 730,056,634
<PAYABLE-FOR-SECURITIES> 1,838,662
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 2,179,445
<TOTAL-LIABILITIES> 4,018,107
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 573,908,066
<SHARES-COMMON-STOCK> 54,809,210
<SHARES-COMMON-PRIOR> 46,398,169
<ACCUMULATED-NII-CURRENT> 10,702,948
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 6,633,433
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 134,794,080
<NET-ASSETS> 726,038,527
<DIVIDEND-INCOME> 10,364,446
<INTEREST-INCOME> 2,548,158
<OTHER-INCOME> 0
<EXPENSES-NET> 6,773,842
<NET-INVESTMENT-INCOME> 6,138,762
<REALIZED-GAINS-CURRENT> 28,242,210
<APPREC-INCREASE-CURRENT> 55,234,650
<NET-CHANGE-FROM-OPS> 89,615,622
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (13,901,339)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 20,288,490
<NUMBER-OF-SHARES-REDEEMED> (13,044,402)
<SHARES-REINVESTED> 1,166,953
<NET-CHANGE-IN-ASSETS> 177,836,034
<ACCUMULATED-NII-PRIOR> 5,598,231
<ACCUMULATED-GAINS-PRIOR> (8,741,483)
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 5,590,601
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 6,773,842
<AVERAGE-NET-ASSETS> 647,450,696
<PER-SHARE-NAV-BEGIN> 11.82
<PER-SHARE-NII> 0.12
<PER-SHARE-GAIN-APPREC> 1.60
<PER-SHARE-DIVIDEND> 0.29
<PER-SHARE-DISTRIBUTIONS> 0.00
<RETURNS-OF-CAPITAL> 0.00
<PER-SHARE-NAV-END> 13.25
<EXPENSE-RATIO> 1.05
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
