<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
This schedule contains summary of financial information extracted from the
Scudder Variable Life Investment Fund-Capital Growth 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> 003
<NAME> S.V.L. INVESTMENT FUND-CAPITAL GROWTH 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> 945,326
<INVESTMENTS-AT-VALUE> 1,311,470
<RECEIVABLES> 8,746
<ASSETS-OTHER> 4
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 1,320,220
<PAYABLE-FOR-SECURITIES> 14,422
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 1,755
<TOTAL-LIABILITIES> 16,177
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 841,227
<SHARES-COMMON-STOCK> 49,207
<SHARES-COMMON-PRIOR> 43,044
<ACCUMULATED-NII-CURRENT> 1,675
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 94,997
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 366,144
<NET-ASSETS> 1,304,043
<DIVIDEND-INCOME> 3,794
<INTEREST-INCOME> 976
<OTHER-INCOME> 0
<EXPENSES-NET> 2,981
<NET-INVESTMENT-INCOME> 1,789
<REALIZED-GAINS-CURRENT> 96,208
<APPREC-INCREASE-CURRENT> (55,447)
<NET-CHANGE-FROM-OPS> 42,549
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (3,035)
<DISTRIBUTIONS-OF-GAINS> (149,152)
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 5,405
<NUMBER-OF-SHARES-REDEEMED> (5,211)
<SHARES-REINVESTED> 5,968
<NET-CHANGE-IN-ASSETS> 48,956
<ACCUMULATED-NII-PRIOR> 2,921
<ACCUMULATED-GAINS-PRIOR> 148,118
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 2,816
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 2,982
<AVERAGE-NET-ASSETS> 1,242,720
<PER-SHARE-NAV-BEGIN> 29.13
<PER-SHARE-NII> 0.04
<PER-SHARE-GAIN-APPREC> 0.81
<PER-SHARE-DIVIDEND> (0.07)
<PER-SHARE-DISTRIBUTIONS> (3.44)
<RETURNS-OF-CAPITAL> 0.00
<PER-SHARE-NAV-END> 26.47
<EXPENSE-RATIO> 0.48
</TABLE>
