<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
This schedule contains summary financial information extracted from the Scudder
V.L. Bond 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> 002
<NAME> SCUDDER V.L. BOND 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> 90,830
<INVESTMENTS-AT-VALUE> 89,366
<RECEIVABLES> 3,899
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 93,265
<PAYABLE-FOR-SECURITIES> 1,261
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 131
<TOTAL-LIABILITIES> 1,392
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 96,295
<SHARES-COMMON-STOCK> 14,485
<SHARES-COMMON-PRIOR> 14,529
<ACCUMULATED-NII-CURRENT> 2,931
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (5,889)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> (1,464)
<NET-ASSETS> 91,873
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 3,278
<OTHER-INCOME> 0
<EXPENSES-NET> 265
<NET-INVESTMENT-INCOME> 3,014
<REALIZED-GAINS-CURRENT> (3,496)
<APPREC-INCREASE-CURRENT> 3,359
<NET-CHANGE-FROM-OPS> 2,877
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (4,869)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 1,845
<NUMBER-OF-SHARES-REDEEMED> (2,666)
<SHARES-REINVESTED> 778
<NET-CHANGE-IN-ASSETS> (2,446)
<ACCUMULATED-NII-PRIOR> 4,786
<ACCUMULATED-GAINS-PRIOR> (2,393)
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 215
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 265
<AVERAGE-NET-ASSETS> 90,907
<PER-SHARE-NAV-BEGIN> 6.49
<PER-SHARE-NII> 0.21
<PER-SHARE-GAIN-APPREC> 0.00
<PER-SHARE-DIVIDEND> (0.36)
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0.00
<PER-SHARE-NAV-END> 6.34
<EXPENSE-RATIO> 0.59
</TABLE>
