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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 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 16
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<PAGE> PAGE 19
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<PAGE> PAGE 21
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<PAGE> PAGE 22
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<PAGE> PAGE 23
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<PAGE> PAGE 24
063 B000500 14.6
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<PAGE> PAGE 25
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<PAGE> PAGE 26
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<PAGE> PAGE 27
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<PAGE> PAGE 28
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<PAGE> PAGE 29
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<PAGE> PAGE 30
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SIGNATURE MARY ELLEN MINENKO
TITLE COUNSELOR
[ARTICLE]6
[SERIES]
[NUMBER]1
[NAME]EQUITY PORTFOLIO
[PERIOD-TYPE] 6-MOS
[FISCAL-YEAR-END] APR-30-1998
[PERIOD-END] OCT-31-1997
[INVESTMENTS-AT-COST] 631487850
[INVESTMENTS-AT-VALUE] 747227749
[RECEIVABLES] 13410991
[ASSETS-OTHER] 111062
[OTHER-ITEMS-ASSETS] 0
[TOTAL-ASSETS] 13522053
[PAYABLE-FOR-SECURITIES] 10504675
[SENIOR-LONG-TERM-DEBT] 0
[OTHER-ITEMS-LIABILITIES] 1781041
[TOTAL-LIABILITIES] 12285716
[SENIOR-EQUITY] 0
[PAID-IN-CAPITAL-COMMON] 554660799
[SHARES-COMMON-STOCK] 25943974
[SHARES-COMMON-PRIOR] 23446744
[ACCUMULATED-NII-CURRENT] 0
[OVERDISTRIBUTION-NII] 905090
[ACCUMULATED-NET-GAINS] 78968478
[OVERDISTRIBUTION-GAINS] 0
[ACCUM-APPREC-OR-DEPREC] 115739899
[NET-ASSETS] 748464086
[DIVIDEND-INCOME] 939399
[INTEREST-INCOME] 926337
[OTHER-INCOME] 0
[EXPENSES-NET] 2770826
[NET-INVESTMENT-INCOME] (905090)
[REALIZED-GAINS-CURRENT] 79039531
[APPREC-INCREASE-CURRENT] 72838104
[NET-CHANGE-FROM-OPS] 150972545
[EQUALIZATION] 0
[DISTRIBUTIONS-OF-INCOME] 20999
[DISTRIBUTIONS-OF-GAINS] 25086345
[DISTRIBUTIONS-OTHER] 0
[NUMBER-OF-SHARES-SOLD] 1859014
[NUMBER-OF-SHARES-REDEEMED] 224632
[SHARES-REINVESTED] 862848
[NET-CHANGE-IN-ASSETS] 196946090
[ACCUMULATED-NII-PRIOR] 20999
[ACCUMULATED-GAINS-PRIOR] 25015292
[OVERDISTRIB-NII-PRIOR] 0
[OVERDIST-NET-GAINS-PRIOR] 0
[GROSS-ADVISORY-FEES] 2484076
[INTEREST-EXPENSE] 0
[GROSS-EXPENSE] 2770826
[AVERAGE-NET-ASSETS] 703949568
[PER-SHARE-NAV-BEGIN] 23.52
[PER-SHARE-NII] (0.03)
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[PER-SHARE-DIVIDEND] 0
[PER-SHARE-DISTRIBUTIONS] (1.03)
[RETURNS-OF-CAPITAL] 0
[PER-SHARE-NAV-END] 28.85
[EXPENSE-RATIO] 0.78
[AVG-DEBT-OUTSTANDING] 0
[AVG-DEBT-PER-SHARE] 0
<TABLE> <S> <C>
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<NUMBER> 5
<NAME>GOVERNMENT SECURITIES PORTFOLIO
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<TABLE> <S> <C>
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<NAME> INCOME PORTFOLIO
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</TABLE>
<TABLE> <S> <C>
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<SERIES>
<NUMBER> 3
<NAME> MONEY MARKET PORTFOLIO
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