<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
The schedule contains summary financial information extracted from the Scudder
V.L. Balanced Portfolio Semi-Annual Report for the fiscal year ended 6/30/2000
and is qualified in its entirety by reference to such financial statements.
</LEGEND>
<CIK> 0000764797
<NAME> S.V.L. INVESTMENT FUND
<SERIES>
<NUMBER> 004
<NAME> SCUDDER V.L. BALANCED PORTFOLIO
<MULTIPLIER> 1,000
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> DEC-31-2000
<PERIOD-START> JAN-01-2000
<PERIOD-END> JUN-30-2000
<INVESTMENTS-AT-COST> 166,506
<INVESTMENTS-AT-VALUE> 193,710
<RECEIVABLES> 3,382
<ASSETS-OTHER> 1
<OTHER-ITEMS-ASSETS> 1
<TOTAL-ASSETS> 197,094
<PAYABLE-FOR-SECURITIES> 1,159
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 465
<TOTAL-LIABILITIES> 1,624
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 162,523
<SHARES-COMMON-STOCK> 14,205
<SHARES-COMMON-PRIOR> 12,343
<ACCUMULATED-NII-CURRENT> 2,127
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 3,616
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 27,204
<NET-ASSETS> 195,470
<DIVIDEND-INCOME> 459
<INTEREST-INCOME> 2,224
<OTHER-INCOME> 0
<EXPENSES-NET> 517
<NET-INVESTMENT-INCOME> 2,166
<REALIZED-GAINS-CURRENT> 3,899
<APPREC-INCREASE-CURRENT> (4,796)
<NET-CHANGE-FROM-OPS> 1,269
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (3,313)
<DISTRIBUTIONS-OF-GAINS> (26,019)
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 1,687
<NUMBER-OF-SHARES-REDEEMED> (1,980)
<SHARES-REINVESTED> 2,154
<NET-CHANGE-IN-ASSETS> (3,374)
<ACCUMULATED-NII-PRIOR> 3,273
<ACCUMULATED-GAINS-PRIOR> 25,736
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 455
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 518
<AVERAGE-NET-ASSETS> 192,689
<PER-SHARE-NAV-BEGIN> 16.11
<PER-SHARE-NII> 0.17
<PER-SHARE-GAIN-APPREC> (0.08)
<PER-SHARE-DIVIDEND> (0.28)
<PER-SHARE-DISTRIBUTIONS> (2.16)
<RETURNS-OF-CAPITAL> 0.00
<PER-SHARE-NAV-END> 13.76
<EXPENSE-RATIO> 0.54
</TABLE>
