<PAGE> 1
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM N-1A
REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933
Registration No. 33-2659
-------
Pre-Effective Amendment No.
----------
Post-Effective Amendment No. 19
----------
and/or
REGISTRATION STATEMENT UNDER THE INVESTMENT COMPANY ACT OF 1940
1940 Act File No. 811-4556
--------
Amendment No. 21
-----------
(Check appropriate box or boxes.)
IDEX II SERIES FUND
- --------------------------------------------------------------------------------
(Exact Name of Registrant as Specified in Charter)
201 Highland Avenue, Largo, Florida 34640
- --------------------------------------------------------------------------------
(Address of Principal Executive Offices) (Zip Code)
Registrant's Telephone Number, including Area Code: (813) 585-6565
G. John Hurley, P.O. Box 5068, Clearwater, Florida 34618-5068
- --------------------------------------------------------------------------------
(Name and Address of Agent for Service)
Approximate date of proposed public offering: It is proposed that this filing
will become effective:
[ ] 60 days after filing pursuant to paragraph (a) (1) of Rule 485.
[ ] 75 days after filing pursuant to paragraph (a) (2) of Rule 485.
[ ] On (date) pursuant to paragraph (a) (1) of Rule 485.
[ ] On (date) pursuant to paragraph (a) (2) of Rule 485.
[ ] Immediately upon filing pursuant to paragraph (b) of Rule 485.
[X] On September 28, 1995 pursuant to paragraph (b) of Rule 485.
If appropriate, check the following box:
[ ] This post-effective amendment designates a new effective date for a
previously filed post-effective amendment.
- ---------------------------
Registrant has registered an indefinite number of shares under the
Securities Act of 1933 pursuant to Rule 24f-2(a) and filed a Rule 24f-2 Notice
on November 15, 1994 for the fiscal year ended September 30, 1994.
<PAGE> 2
SIGNATURES
Pursuant to the requirements of the Securities Act of 1933 and the
Investment Company Act of 1940, the Registrant has duly caused this
Post-Effective Amendment to its Registration Statement to be signed on its
behalf by the undersigned, thereunto duly authorized in the City of Largo and
State of Florida, on the 19th day of September, 1995.
IDEX II Series Fund
By: /s/ G. John Hurley
-----------------------
G. John Hurley
President and
Chief Executive Officer
Pursuant to the requirements of the Securities Act of 1933 and
Investment Company Act of 1940, this Post-Effective Amendment to its
Registration Statement has been signed below by the following persons in the
capacities and on the dates indicated:
<TABLE>
<S> <C> <C>
/s/ John R. Kenney Chairman and Trustee September 19, 1995
- ----------------------------
John R. Kenney
/s/ G. John Hurley President and Trustee September 19, 1995
- ----------------------------- (Principal Executive
G. John Hurley Officer)
/s/ Richard B. Franz II Treasurer and September 19, 1995
- --------------------------- Principal Financial
Richard B. Franz II Officer
/s/ Christopher G. Roetzer Assistant Vice President and September 19, 1995
- -------------------------- Principal Accounting
Christopher G. Roetzer Officer
/s/ Peter R. Brown * Trustee September 19, 1995
- ----------------------------
Peter R. Brown *
/s/ James L. Churchill * Trustee September 19, 1995
- ---------------------------
James L. Churchill *
</TABLE>
<PAGE> 3
<TABLE>
<S> <C> <C>
/s/ Charles C. Harris * Trustee September 19, 1995
- ---------------------------
Charles C. Harris
/s/ William W. Short, Jr. * Trustee September 19, 1995
- ----------------------------
William W. Short, Jr. *
/s/ Truman H. Sims * Trustee September 19, 1995
- ---------------------------
Truman H. SIms *
/s/ Jack E. Zimmerman * Trustee September 19, 1995
- ------------------------
Jack E. Zimmerman *
/s/ G. John Hurley
- -----------------------------
*Signed by G. John Hurley
Attorney in Fact
</TABLE>
<PAGE> 4
EXHIBIT INDEX
<TABLE>
<CAPTION>
Exhibit No. Description of Exhibit
----------- ----------------------
<S> <C>
Exhibit 27 Financial Data Schedule (Exhibits 27.1 through 27.28)
For SEC use only.
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY INFORMATION EXTRACTED FROM THE FINANCIAL
STATEMENTS OF IDEX II GROWTH FOR THE SIX MONTHS ENDED MARCH 31, 1995, AND IS
QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
<SERIES>
<NUMBER> 041
<NAME> IDEX II GROWTH/CLASS A
<MULTIPLIER> 1,000
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> SEP-30-1994
<PERIOD-START> OCT-01-1994
<PERIOD-END> MAR-31-1995
<INVESTMENTS-AT-COST> 348,105
<INVESTMENTS-AT-VALUE> 398,121
<RECEIVABLES> 13,979
<ASSETS-OTHER> 2,685
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 414,785
<PAYABLE-FOR-SECURITIES> 12,847
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 1,967
<TOTAL-LIABILITIES> 14,814
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 341,157
<SHARES-COMMON-STOCK> 22,957
<SHARES-COMMON-PRIOR> 25,691
<ACCUMULATED-NII-CURRENT> (367)
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 10,422
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 48,759
<NET-ASSETS> 399,971
<DIVIDEND-INCOME> 1,639
<INTEREST-INCOME> 1,572
<OTHER-INCOME> 0
<EXPENSES-NET> 3,743
<NET-INVESTMENT-INCOME> (532)
<REALIZED-GAINS-CURRENT> 15,848
<APPREC-INCREASE-CURRENT> (2,673)
<NET-CHANGE-FROM-OPS> 12,643
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> 1,733
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 892
<NUMBER-OF-SHARES-REDEEMED> 3,727
<SHARES-REINVESTED> 101
<NET-CHANGE-IN-ASSETS> (34,659)
<ACCUMULATED-NII-PRIOR> 165
<ACCUMULATED-GAINS-PRIOR> (3,693)
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 2,056
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 3,743
<AVERAGE-NET-ASSETS> 408,560
<PER-SHARE-NAV-BEGIN> 16.78
<PER-SHARE-NII> (0.03)
<PER-SHARE-GAIN-APPREC> 0.57
<PER-SHARE-DIVIDEND> 0
<PER-SHARE-DISTRIBUTIONS> 0.07
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 17.25
<EXPENSE-RATIO> 1.82
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY INFORMATION EXTRACTED FROM THE FINANCIAL
STATEMENTS OF IDEX II GROWTH FOR THE SIX MONTHS ENDED MARCH 31, 1995, AND IS
QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
<SERIES>
<NUMBER> 043
<NAME> IDEX II GROWTH/CLASS C
<MULTIPLIER> 1,000
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> SEP-30-1994
<PERIOD-START> OCT-01-1994
<PERIOD-END> MAR-31-1995
<INVESTMENTS-AT-COST> 348,105
<INVESTMENTS-AT-VALUE> 398,121
<RECEIVABLES> 13,979
<ASSETS-OTHER> 2,685
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 414,785
<PAYABLE-FOR-SECURITIES> 12,847
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 1,967
<TOTAL-LIABILITIES> 14,814
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 341,157
<SHARES-COMMON-STOCK> 228
<SHARES-COMMON-PRIOR> 205
<ACCUMULATED-NII-CURRENT> (367)
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 10,422
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 48,759
<NET-ASSETS> 399,971
<DIVIDEND-INCOME> 1,639
<INTEREST-INCOME> 1,572
<OTHER-INCOME> 0
<EXPENSES-NET> 3,743
<NET-INVESTMENT-INCOME> (532)
<REALIZED-GAINS-CURRENT> 15,848
<APPREC-INCREASE-CURRENT> (2,673)
<NET-CHANGE-FROM-OPS> 12,643
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> 1,733
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 45
<NUMBER-OF-SHARES-REDEEMED> 23
<SHARES-REINVESTED> 1
<NET-CHANGE-IN-ASSETS> (34,659)
<ACCUMULATED-NII-PRIOR> 165
<ACCUMULATED-GAINS-PRIOR> (3,693)
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 2,056
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 3,743
<AVERAGE-NET-ASSETS> 3,633
<PER-SHARE-NAV-BEGIN> 16.68
<PER-SHARE-NII> (0.08)
<PER-SHARE-GAIN-APPREC> 0.57
<PER-SHARE-DIVIDEND> 0
<PER-SHARE-DISTRIBUTIONS> 0.07
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 17.10
<EXPENSE-RATIO> 2.37
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY INFORMATION EXTRACTED FROM THE FINANCIAL
STATEMENTS OF IDEX II AGGRESSIVE GROWTH FOR THE PERIOD ENDED MARCH 31,
1995, AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL
STATEMENTS.
</LEGEND>
<SERIES>
<NUMBER> 011
<NAME> IDEX II AGGRESSIVE GROWTH/CLASS A
<MULTIPLIER> 1,000
<S> <C>
<PERIOD-TYPE> OTHER
<FISCAL-YEAR-END> SEP-30-1994
<PERIOD-START> DEC-02-1994
<PERIOD-END> MAR-31-1995
<INVESTMENTS-AT-COST> 4,406
<INVESTMENTS-AT-VALUE> 4,584
<RECEIVABLES> 21
<ASSETS-OTHER> 184
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 4,789
<PAYABLE-FOR-SECURITIES> 190
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 7
<TOTAL-LIABILITIES> 197
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 4,263
<SHARES-COMMON-STOCK> 351
<SHARES-COMMON-PRIOR> 0
<ACCUMULATED-NII-CURRENT> (7)
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 158
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 178
<NET-ASSETS> 4,592
<DIVIDEND-INCOME> 3
<INTEREST-INCOME> 5
<OTHER-INCOME> 0
<EXPENSES-NET> 15
<NET-INVESTMENT-INCOME> (7)
<REALIZED-GAINS-CURRENT> 158
<APPREC-INCREASE-CURRENT> 178
<NET-CHANGE-FROM-OPS> 329
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 387
<NUMBER-OF-SHARES-REDEEMED> 29
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> 4,592
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 5
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 16
<AVERAGE-NET-ASSETS> 1,572
<PER-SHARE-NAV-BEGIN> 10.00
<PER-SHARE-NII> (0.02)
<PER-SHARE-GAIN-APPREC> 2.13
<PER-SHARE-DIVIDEND> 0
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 12.11
<EXPENSE-RATIO> 2.85
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY INFORMATION EXTRACTED FROM THE FINANCIAL
STATEMENTS OF IDEX II AGGRESSIVE GROWTH FOR THE PERIOD ENDED MARCH 31,
1995, AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL
STATEMENTS.
</LEGEND>
<SERIES>
<NUMBER> 013
<NAME> IDEX II AGGRESSIVE GROWTH/CLASS C
<MULTIPLIER> 1,000
<S> <C>
<PERIOD-TYPE> OTHER
<FISCAL-YEAR-END> SEP-30-1994
<PERIOD-START> DEC-02-1994
<PERIOD-END> MAR-31-1995
<INVESTMENTS-AT-COST> 4,406
<INVESTMENTS-AT-VALUE> 4,584
<RECEIVABLES> 21
<ASSETS-OTHER> 184
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 4,789
<PAYABLE-FOR-SECURITIES> 190
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 7
<TOTAL-LIABILITIES> 197
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 4,263
<SHARES-COMMON-STOCK> 28
<SHARES-COMMON-PRIOR> 0
<ACCUMULATED-NII-CURRENT> (7)
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 158
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 178
<NET-ASSETS> 4,592
<DIVIDEND-INCOME> 3
<INTEREST-INCOME> 5
<OTHER-INCOME> 0
<EXPENSES-NET> 15
<NET-INVESTMENT-INCOME> (7)
<REALIZED-GAINS-CURRENT> 158
<APPREC-INCREASE-CURRENT> 178
<NET-CHANGE-FROM-OPS> 329
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 122
<NUMBER-OF-SHARES-REDEEMED> 12
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> 4,592
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 5
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 16
<AVERAGE-NET-ASSETS> 55
<PER-SHARE-NAV-BEGIN> 10.00
<PER-SHARE-NII> (0.04)
<PER-SHARE-GAIN-APPREC> 2.13
<PER-SHARE-DIVIDEND> 0
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 12.09
<EXPENSE-RATIO> 3.40
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY INFORMATION EXTRACTED FROM THE FINANCIAL
STATEMENTS OF IDEX II CAPITAL APPRECIATION FOR THE PERIOD ENDED MARCH 31,
1995, AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL
STATEMENTS.
</LEGEND>
<SERIES>
<NUMBER> 021
<NAME> IDEX II CAPITAL APPRECIATION/CLASS A
<MULTIPLIER> 1,000
<S> <C>
<PERIOD-TYPE> OTHER
<FISCAL-YEAR-END> SEP-30-1994
<PERIOD-START> DEC-02-1994
<PERIOD-END> MAR-31-1995
<INVESTMENTS-AT-COST> 6,178
<INVESTMENTS-AT-VALUE> 6,278
<RECEIVABLES> 65
<ASSETS-OTHER> 376
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 6,719
<PAYABLE-FOR-SECURITIES> 1,090
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 25
<TOTAL-LIABILITIES> 1,115
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 5,478
<SHARES-COMMON-STOCK> 387
<SHARES-COMMON-PRIOR> 0
<ACCUMULATED-NII-CURRENT> (10)
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 44
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 92
<NET-ASSETS> 5,604
<DIVIDEND-INCOME> 3
<INTEREST-INCOME> 13
<OTHER-INCOME> 0
<EXPENSES-NET> 26
<NET-INVESTMENT-INCOME> (10)
<REALIZED-GAINS-CURRENT> 44
<APPREC-INCREASE-CURRENT> 92
<NET-CHANGE-FROM-OPS> 126
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 416
<NUMBER-OF-SHARES-REDEEMED> 29
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> 5,604
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 9
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 27
<AVERAGE-NET-ASSETS> 2,363
<PER-SHARE-NAV-BEGIN> 10.00
<PER-SHARE-NII> (0.02)
<PER-SHARE-GAIN-APPREC> 1.03
<PER-SHARE-DIVIDEND> 0
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 11.01
<EXPENSE-RATIO> 2.85
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY INFORMATION EXTRACTED FROM THE FINANCIAL
STATEMENTS OF IDEX II CAPITAL APPRECIATION FOR THE PERIOD ENDED MARCH 31,
1995, AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL
STATEMENTS.
</LEGEND>
<SERIES>
<NUMBER> 023
<NAME> IDEX II CAPITAL APPRECIATION/CLASS C
<MULTIPLIER> 1,000
<S> <C>
<PERIOD-TYPE> OTHER
<FISCAL-YEAR-END> SEP-30-1994
<PERIOD-START> DEC-02-1994
<PERIOD-END> MAR-31-1995
<INVESTMENTS-AT-COST> 6,178
<INVESTMENTS-AT-VALUE> 6,278
<RECEIVABLES> 65
<ASSETS-OTHER> 376
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 6,719
<PAYABLE-FOR-SECURITIES> 1,090
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 25
<TOTAL-LIABILITIES> 1,115
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 5,478
<SHARES-COMMON-STOCK> 122
<SHARES-COMMON-PRIOR> 0
<ACCUMULATED-NII-CURRENT> (10)
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 44
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 92
<NET-ASSETS> 5,604
<DIVIDEND-INCOME> 3
<INTEREST-INCOME> 13
<OTHER-INCOME> 0
<EXPENSES-NET> 26
<NET-INVESTMENT-INCOME> (10)
<REALIZED-GAINS-CURRENT> 44
<APPREC-INCREASE-CURRENT> 92
<NET-CHANGE-FROM-OPS> 126
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 134
<NUMBER-OF-SHARES-REDEEMED> 12
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> 5,604
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 9
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 27
<AVERAGE-NET-ASSETS> 384
<PER-SHARE-NAV-BEGIN> 10.00
<PER-SHARE-NII> (0.03)
<PER-SHARE-GAIN-APPREC> 1.03
<PER-SHARE-DIVIDEND> 0
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 11.00
<EXPENSE-RATIO> 3.40
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY INFORMATION EXTRACTED FROM THE FINANCIAL
STATEMENTS OF IDEX II GLOBAL FOR THE SIX MONTHS ENDED MARCH 31, 1995, AND IS
QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
<SERIES>
<NUMBER> 031
<NAME> IDEX II GLOBAL/CLASS A
<MULTIPLIER> 1,000
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> SEP-30-1994
<PERIOD-START> OCT-01-1994
<PERIOD-END> MAR-31-1995
<INVESTMENTS-AT-COST> 78,492
<INVESTMENTS-AT-VALUE> 83,593
<RECEIVABLES> 4,136
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 87,729
<PAYABLE-FOR-SECURITIES> 3,029
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 1,708
<TOTAL-LIABILITIES> 4,737
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 82,654
<SHARES-COMMON-STOCK> 5,347
<SHARES-COMMON-PRIOR> 5,102
<ACCUMULATED-NII-CURRENT> (221)
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (3,986)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 4,545
<NET-ASSETS> 82,992
<DIVIDEND-INCOME> 244
<INTEREST-INCOME> 348
<OTHER-INCOME> 0
<EXPENSES-NET> 792
<NET-INVESTMENT-INCOME> (200)
<REALIZED-GAINS-CURRENT> (3,491)
<APPREC-INCREASE-CURRENT> 915
<NET-CHANGE-FROM-OPS> (2,776)
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> 3,199
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 872
<NUMBER-OF-SHARES-REDEEMED> 825
<SHARES-REINVESTED> 198
<NET-CHANGE-IN-ASSETS> (1,820)
<ACCUMULATED-NII-PRIOR> (21)
<ACCUMULATED-GAINS-PRIOR> 2,704
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 432
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 792
<AVERAGE-NET-ASSETS> 83,028
<PER-SHARE-NAV-BEGIN> 15.93
<PER-SHARE-NII> (0.04)
<PER-SHARE-GAIN-APPREC> (0.44)
<PER-SHARE-DIVIDEND> 0
<PER-SHARE-DISTRIBUTIONS> 0.56
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 14.89
<EXPENSE-RATIO> 1.86
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY INFORMATION EXTRACTED FROM THE FINANCIAL
STATEMENTS OF IDEX II GLOBAL FOR THE SIX MONTHS ENDED MARCH 31, 1995, AND IS
QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
<SERIES>
<NUMBER> 033
<NAME> IDEX II GLOBAL/CLASS C
<MULTIPLIER> 1,000
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> SEP-30-1994
<PERIOD-START> OCT-01-1994
<PERIOD-END> MAR-31-1995
<INVESTMENTS-AT-COST> 78,492
<INVESTMENTS-AT-VALUE> 83,593
<RECEIVABLES> 4,136
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 87,729
<PAYABLE-FOR-SECURITIES> 3,029
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 1,708
<TOTAL-LIABILITIES> 4,737
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 82,654
<SHARES-COMMON-STOCK> 231
<SHARES-COMMON-PRIOR> 227
<ACCUMULATED-NII-CURRENT> (221)
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (3,986)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 4,545
<NET-ASSETS> 82,992
<DIVIDEND-INCOME> 244
<INTEREST-INCOME> 348
<OTHER-INCOME> 0
<EXPENSES-NET> 792
<NET-INVESTMENT-INCOME> (200)
<REALIZED-GAINS-CURRENT> (3,491)
<APPREC-INCREASE-CURRENT> 915
<NET-CHANGE-FROM-OPS> (2,776)
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> 3,199
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 47
<NUMBER-OF-SHARES-REDEEMED> 52
<SHARES-REINVESTED> 9
<NET-CHANGE-IN-ASSETS> (1,820)
<ACCUMULATED-NII-PRIOR> (21)
<ACCUMULATED-GAINS-PRIOR> 2,704
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 432
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 792
<AVERAGE-NET-ASSETS> 3,641
<PER-SHARE-NAV-BEGIN> 15.74
<PER-SHARE-NII> (0.07)
<PER-SHARE-GAIN-APPREC> (0.44)
<PER-SHARE-DIVIDEND> 0
<PER-SHARE-DISTRIBUTIONS> 0.56
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 14.67
<EXPENSE-RATIO> 2.41
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY INFORMATION EXTRACTED FROM THE FINANCIAL
STATEMENTS OF IDEX II BALANCED FOR THE PERIOD ENDED MARCH 31, 1995, AND IS
QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
<SERIES>
<NUMBER> 071
<NAME> IDEX II BALANCED/CLASS A
<MULTIPLIER> 1,000
<S> <C>
<PERIOD-TYPE> OTHER
<FISCAL-YEAR-END> SEP-30-1994
<PERIOD-START> DEC-02-1994
<PERIOD-END> MAR-31-1995
<INVESTMENTS-AT-COST> 3,818
<INVESTMENTS-AT-VALUE> 3,879
<RECEIVABLES> 85
<ASSETS-OTHER> 270
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 4,234
<PAYABLE-FOR-SECURITIES> 94
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 8
<TOTAL-LIABILITIES> 102
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 4,068
<SHARES-COMMON-STOCK> 190
<SHARES-COMMON-PRIOR> 0
<ACCUMULATED-NII-CURRENT> (2)
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 6
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 60
<NET-ASSETS> 4,132
<DIVIDEND-INCOME> 2
<INTEREST-INCOME> 13
<OTHER-INCOME> 0
<EXPENSES-NET> 13
<NET-INVESTMENT-INCOME> 2
<REALIZED-GAINS-CURRENT> 6
<APPREC-INCREASE-CURRENT> 60
<NET-CHANGE-FROM-OPS> 68
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 3
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 191
<NUMBER-OF-SHARES-REDEEMED> 2
<SHARES-REINVESTED> 1
<NET-CHANGE-IN-ASSETS> 4,132
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 5
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 14
<AVERAGE-NET-ASSETS> 1,086
<PER-SHARE-NAV-BEGIN> 10.00
<PER-SHARE-NII> 0.03
<PER-SHARE-GAIN-APPREC> 0.40
<PER-SHARE-DIVIDEND> 0.02
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 10.41
<EXPENSE-RATIO> 2.85
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY INFORMATION EXTRACTED FROM THE FINANCIAL
STATEMENTS OF IDEX II BALANCED FOR THE PERIOD ENDED MARCH 31, 1995, AND IS
QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
<SERIES>
<NUMBER> 073
<NAME> IDEX II BALANCED/CLASS C
<MULTIPLIER> 1,000
<S> <C>
<PERIOD-TYPE> OTHER
<FISCAL-YEAR-END> SEP-30-1994
<PERIOD-START> DEC-02-1994
<PERIOD-END> MAR-31-1995
<INVESTMENTS-AT-COST> 3,818
<INVESTMENTS-AT-VALUE> 3,879
<RECEIVABLES> 85
<ASSETS-OTHER> 270
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 4,234
<PAYABLE-FOR-SECURITIES> 94
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 8
<TOTAL-LIABILITIES> 102
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 4,068
<SHARES-COMMON-STOCK> 207
<SHARES-COMMON-PRIOR> 0
<ACCUMULATED-NII-CURRENT> (2)
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 6
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 60
<NET-ASSETS> 4,132
<DIVIDEND-INCOME> 2
<INTEREST-INCOME> 13
<OTHER-INCOME> 0
<EXPENSES-NET> 13
<NET-INVESTMENT-INCOME> 2
<REALIZED-GAINS-CURRENT> 6
<APPREC-INCREASE-CURRENT> 60
<NET-CHANGE-FROM-OPS> 68
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 1
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 207
<NUMBER-OF-SHARES-REDEEMED> 0
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> 4,132
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 5
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 14
<AVERAGE-NET-ASSETS> 353
<PER-SHARE-NAV-BEGIN> 10.00
<PER-SHARE-NII> 0.02
<PER-SHARE-GAIN-APPREC> 0.40
<PER-SHARE-DIVIDEND> 0.01
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 10.41
<EXPENSE-RATIO> 3.40
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY INFORMATION EXTRACTED FROM THE FINANCIAL
STATEMENTS OF IDEX II EQUITY-INCOME FOR THE PERIOD ENDED MARCH 31, 1995,
AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
<SERIES>
<NUMBER> 051
<NAME> IDEX II EQUITY-INCOME/CLASS A
<MULTIPLIER> 1,000
<S> <C>
<PERIOD-TYPE> OTHER
<FISCAL-YEAR-END> SEP-30-1994
<PERIOD-START> DEC-02-1994
<PERIOD-END> MAR-31-1995
<INVESTMENTS-AT-COST> 2,945
<INVESTMENTS-AT-VALUE> 3,028
<RECEIVABLES> 19
<ASSETS-OTHER> 80
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 3,127
<PAYABLE-FOR-SECURITIES> 375
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 8
<TOTAL-LIABILITIES> 383
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 2,636
<SHARES-COMMON-STOCK> 243
<SHARES-COMMON-PRIOR> 0
<ACCUMULATED-NII-CURRENT> (3)
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 28
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 83
<NET-ASSETS> 2,744
<DIVIDEND-INCOME> 7
<INTEREST-INCOME> 14
<OTHER-INCOME> 0
<EXPENSES-NET> 13
<NET-INVESTMENT-INCOME> 8
<REALIZED-GAINS-CURRENT> 28
<APPREC-INCREASE-CURRENT> 83
<NET-CHANGE-FROM-OPS> 119
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 11
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 246
<NUMBER-OF-SHARES-REDEEMED> 4
<SHARES-REINVESTED> 1
<NET-CHANGE-IN-ASSETS> 2,744
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 5
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 14
<AVERAGE-NET-ASSETS> 1,423
<PER-SHARE-NAV-BEGIN> 10.00
<PER-SHARE-NII> 0.06
<PER-SHARE-GAIN-APPREC> 0.76
<PER-SHARE-DIVIDEND> 0.05
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 10.77
<EXPENSE-RATIO> 2.85
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY INFORMATION EXTRACTED FROM THE FINANCIAL
STATEMENTS OF IDEX II EQUITY-INCOME FOR THE PERIOD ENDED MARCH 31, 1995,
AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
<SERIES>
<NUMBER> 053
<NAME> IDEX II EQUITY-INCOME/CLASS C
<MULTIPLIER> 1,000
<S> <C>
<PERIOD-TYPE> OTHER
<FISCAL-YEAR-END> SEP-30-1994
<PERIOD-START> DEC-02-1994
<PERIOD-END> MAR-31-1995
<INVESTMENTS-AT-COST> 2,945
<INVESTMENTS-AT-VALUE> 3,028
<RECEIVABLES> 19
<ASSETS-OTHER> 80
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 3,127
<PAYABLE-FOR-SECURITIES> 375
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 8
<TOTAL-LIABILITIES> 383
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 2,636
<SHARES-COMMON-STOCK> 12
<SHARES-COMMON-PRIOR> 0
<ACCUMULATED-NII-CURRENT> (3)
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 28
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 83
<NET-ASSETS> 2,744
<DIVIDEND-INCOME> 7
<INTEREST-INCOME> 14
<OTHER-INCOME> 0
<EXPENSES-NET> 13
<NET-INVESTMENT-INCOME> 8
<REALIZED-GAINS-CURRENT> 28
<APPREC-INCREASE-CURRENT> 83
<NET-CHANGE-FROM-OPS> 119
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 12
<NUMBER-OF-SHARES-REDEEMED> 0
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> 2,744
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 5
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 14
<AVERAGE-NET-ASSETS> 44
<PER-SHARE-NAV-BEGIN> 10.00
<PER-SHARE-NII> 0.03
<PER-SHARE-GAIN-APPREC> 0.76
<PER-SHARE-DIVIDEND> 0.03
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 10.76
<EXPENSE-RATIO> 3.40
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY INFORMATION EXTRACTED FROM THE FINANCIAL
STATEMENTS OF IDEX II INCOME PLUS FOR THE SIX MONTHS ENDED MARCH 31, 1995, AND
IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
<SERIES>
<NUMBER> 091
<NAME> IDEX II INCOME PLUS/CLASS A
<MULTIPLIER> 1,000
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> SEP-30-1994
<PERIOD-START> OCT-01-1994
<PERIOD-END> MAR-31-1995
<INVESTMENTS-AT-COST> 64,539
<INVESTMENTS-AT-VALUE> 62,830
<RECEIVABLES> 2,994
<ASSETS-OTHER> 577
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 66,401
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 73
<TOTAL-LIABILITIES> 73
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 68,306
<SHARES-COMMON-STOCK> 6,531
<SHARES-COMMON-PRIOR> 6,560
<ACCUMULATED-NII-CURRENT> 139
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (407)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> (1,710)
<NET-ASSETS> 66,328
<DIVIDEND-INCOME> 21
<INTEREST-INCOME> 2,996
<OTHER-INCOME> 0
<EXPENSES-NET> 407
<NET-INVESTMENT-INCOME> 2,610
<REALIZED-GAINS-CURRENT> (560)
<APPREC-INCREASE-CURRENT> 2,053
<NET-CHANGE-FROM-OPS> 4,103
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 2,560
<DISTRIBUTIONS-OF-GAINS> 676
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 263
<NUMBER-OF-SHARES-REDEEMED> 532
<SHARES-REINVESTED> 240
<NET-CHANGE-IN-ASSETS> 221
<ACCUMULATED-NII-PRIOR> 158
<ACCUMULATED-GAINS-PRIOR> 829
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 194
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 407
<AVERAGE-NET-ASSETS> 63,081
<PER-SHARE-NAV-BEGIN> 9.75
<PER-SHARE-NII> 0.39
<PER-SHARE-GAIN-APPREC> 0.23
<PER-SHARE-DIVIDEND> 0.39
<PER-SHARE-DISTRIBUTIONS> 0.10
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 9.88
<EXPENSE-RATIO> 1.24
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY INFORMATION EXTRACTED FROM THE FINANCIAL
STATEMENTS OF IDEX II INCOME PLUS FOR THE SIX MONTHS ENDED MARCH 31, 1995, AND
IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
<SERIES>
<NUMBER> 093
<NAME> IDEX II INCOME PLUS/CLASS C
<MULTIPLIER> 1,000
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> SEP-30-1994
<PERIOD-START> OCT-01-1994
<PERIOD-END> MAR-31-1995
<INVESTMENTS-AT-COST> 64,539
<INVESTMENTS-AT-VALUE> 62,830
<RECEIVABLES> 2,994
<ASSETS-OTHER> 577
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 66,401
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 73
<TOTAL-LIABILITIES> 73
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 68,306
<SHARES-COMMON-STOCK> 184
<SHARES-COMMON-PRIOR> 217
<ACCUMULATED-NII-CURRENT> 139
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (407)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> (1,710)
<NET-ASSETS> 66,328
<DIVIDEND-INCOME> 21
<INTEREST-INCOME> 2,996
<OTHER-INCOME> 0
<EXPENSES-NET> 407
<NET-INVESTMENT-INCOME> 2,610
<REALIZED-GAINS-CURRENT> (560)
<APPREC-INCREASE-CURRENT> 2,053
<NET-CHANGE-FROM-OPS> 4,103
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 69
<DISTRIBUTIONS-OF-GAINS> 676
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 28
<NUMBER-OF-SHARES-REDEEMED> 69
<SHARES-REINVESTED> 8
<NET-CHANGE-IN-ASSETS> 221
<ACCUMULATED-NII-PRIOR> 158
<ACCUMULATED-GAINS-PRIOR> 829
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 194
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 407
<AVERAGE-NET-ASSETS> 1,912
<PER-SHARE-NAV-BEGIN> 9.74
<PER-SHARE-NII> 0.36
<PER-SHARE-GAIN-APPREC> 0.23
<PER-SHARE-DIVIDEND> 0.35
<PER-SHARE-DISTRIBUTIONS> 0.10
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 9.88
<EXPENSE-RATIO> 1.79
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY INFORMATION EXTRACTED FROM THE FINANCIAL
STATEMENTS OF IDEX II FLEXIBLE INCOME FOR THE SIX MONTHS ENDED MARCH 31, 1995,
AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
<SERIES>
<NUMBER> 081
<NAME> IDEX II FLEXIBLE INCOME/CLASS A
<MULTIPLIER> 1,000
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> SEP-30-1994
<PERIOD-START> OCT-01-1994
<PERIOD-END> MAR-31-1995
<INVESTMENTS-AT-COST> 19,663
<INVESTMENTS-AT-VALUE> 19,767
<RECEIVABLES> 1,404
<ASSETS-OTHER> 261
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 21,432
<PAYABLE-FOR-SECURITIES> 895
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 96
<TOTAL-LIABILITIES> 991
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 24,080
<SHARES-COMMON-STOCK> 2,264
<SHARES-COMMON-PRIOR> 2,438
<ACCUMULATED-NII-CURRENT> 81
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (3,824)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 104
<NET-ASSETS> 20,441
<DIVIDEND-INCOME> 52
<INTEREST-INCOME> 905
<OTHER-INCOME> 0
<EXPENSES-NET> 195
<NET-INVESTMENT-INCOME> 762
<REALIZED-GAINS-CURRENT> (1,115)
<APPREC-INCREASE-CURRENT> 842
<NET-CHANGE-FROM-OPS> 489
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 708
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 70
<NUMBER-OF-SHARES-REDEEMED> 306
<SHARES-REINVESTED> 62
<NET-CHANGE-IN-ASSETS> (1,777)
<ACCUMULATED-NII-PRIOR> 49
<ACCUMULATED-GAINS-PRIOR> (2,709)
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 94
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 224
<AVERAGE-NET-ASSETS> 20,242
<PER-SHARE-NAV-BEGIN> 8.83
<PER-SHARE-NII> 0.32
<PER-SHARE-GAIN-APPREC> (0.11)
<PER-SHARE-DIVIDEND> (0.30)
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 8.74
<EXPENSE-RATIO> 1.85
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY INFORMATION EXTRACTED FROM THE FINANCIAL
STATEMENTS OF IDEX II FLEXIBLE INCOME FOR THE SIX MONTHS ENDED MARCH 31, 1995,
AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
<SERIES>
<NUMBER> 083
<NAME> IDEX II FLEXIBLE INCOME/CLASS C
<MULTIPLIER> 1,000
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> SEP-30-1994
<PERIOD-START> OCT-01-1994
<PERIOD-END> MAR-31-1995
<INVESTMENTS-AT-COST> 19,663
<INVESTMENTS-AT-VALUE> 19,767
<RECEIVABLES> 1,404
<ASSETS-OTHER> 261
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 21,432
<PAYABLE-FOR-SECURITIES> 895
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 96
<TOTAL-LIABILITIES> 991
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 24,080
<SHARES-COMMON-STOCK> 74
<SHARES-COMMON-PRIOR> 78
<ACCUMULATED-NII-CURRENT> 81
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (3,824)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 104
<NET-ASSETS> 20,441
<DIVIDEND-INCOME> 52
<INTEREST-INCOME> 905
<OTHER-INCOME> 0
<EXPENSES-NET> 195
<NET-INVESTMENT-INCOME> 762
<REALIZED-GAINS-CURRENT> (1,115)
<APPREC-INCREASE-CURRENT> 842
<NET-CHANGE-FROM-OPS> 489
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 22
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 14
<NUMBER-OF-SHARES-REDEEMED> 20
<SHARES-REINVESTED> 2
<NET-CHANGE-IN-ASSETS> (1,777)
<ACCUMULATED-NII-PRIOR> 49
<ACCUMULATED-GAINS-PRIOR> (2,709)
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 94
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 224
<AVERAGE-NET-ASSETS> 686
<PER-SHARE-NAV-BEGIN> 8.83
<PER-SHARE-NII> 0.28
<PER-SHARE-GAIN-APPREC> (0.11)
<PER-SHARE-DIVIDEND> (0.26)
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 8.74
<EXPENSE-RATIO> 2.40
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY INFORMATION EXTRACTED FROM THE FINANCIAL
STATEMENTS OF IDEX II TAX-EXEMPT FOR THE SIX MONTHS ENDED MARCH 31, 1995, AND
IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
<SERIES>
<NUMBER> 101
<NAME> IDEX II TAX-EXEMPT/CLASS A
<MULTIPLIER> 1,000
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> SEP-30-1994
<PERIOD-START> OCT-01-1994
<PERIOD-END> MAR-31-1995
<INVESTMENTS-AT-COST> 27,442
<INVESTMENTS-AT-VALUE> 27,737
<RECEIVABLES> 1,533
<ASSETS-OTHER> 639
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 29,909
<PAYABLE-FOR-SECURITIES> 1,070
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 34
<TOTAL-LIABILITIES> 1104
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 28,675
<SHARES-COMMON-STOCK> 2,529
<SHARES-COMMON-PRIOR> 2,621
<ACCUMULATED-NII-CURRENT> 124
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (289)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 295
<NET-ASSETS> 28,805
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 848
<OTHER-INCOME> 0
<EXPENSES-NET> 141
<NET-INVESTMENT-INCOME> 707
<REALIZED-GAINS-CURRENT> (206)
<APPREC-INCREASE-CURRENT> 680
<NET-CHANGE-FROM-OPS> 1,181
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 689
<DISTRIBUTIONS-OF-GAINS> 91
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 105
<NUMBER-OF-SHARES-REDEEMED> 245
<SHARES-REINVESTED> 48
<NET-CHANGE-IN-ASSETS> (568)
<ACCUMULATED-NII-PRIOR> 111
<ACCUMULATED-GAINS-PRIOR> 8
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 84
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 169
<AVERAGE-NET-ASSETS> 27,923
<PER-SHARE-NAV-BEGIN> 11.10
<PER-SHARE-NII> 0.28
<PER-SHARE-GAIN-APPREC> 0.20
<PER-SHARE-DIVIDEND> 0.27
<PER-SHARE-DISTRIBUTIONS> 0.04
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 11.27
<EXPENSE-RATIO> 1.00
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY INFORMATION EXTRACTED FROM THE FINANCIAL
STATEMENTS OF IDEX II TAX-EXEMPT FOR THE SIX MONTHS ENDED MARCH 31, 1995, AND
IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
<SERIES>
<NUMBER> 103
<NAME> IDEX II TAX-EXEMPT/CLASS C
<MULTIPLIER> 1,000
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> SEP-30-1994
<PERIOD-START> OCT-01-1994
<PERIOD-END> MAR-31-1995
<INVESTMENTS-AT-COST> 27,442
<INVESTMENTS-AT-VALUE> 27,737
<RECEIVABLES> 1,533
<ASSETS-OTHER> 639
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 29,909
<PAYABLE-FOR-SECURITIES> 1,070
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 34
<TOTAL-LIABILITIES> 1104
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 28,675
<SHARES-COMMON-STOCK> 28
<SHARES-COMMON-PRIOR> 25
<ACCUMULATED-NII-CURRENT> 124
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (289)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 295
<NET-ASSETS> 28,805
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 848
<OTHER-INCOME> 0
<EXPENSES-NET> 141
<NET-INVESTMENT-INCOME> 707
<REALIZED-GAINS-CURRENT> (206)
<APPREC-INCREASE-CURRENT> 680
<NET-CHANGE-FROM-OPS> 1,181
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 5
<DISTRIBUTIONS-OF-GAINS> 91
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 20
<NUMBER-OF-SHARES-REDEEMED> 17
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> (568)
<ACCUMULATED-NII-PRIOR> 111
<ACCUMULATED-GAINS-PRIOR> 8
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 84
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 169
<AVERAGE-NET-ASSETS> 229
<PER-SHARE-NAV-BEGIN> 11.10
<PER-SHARE-NII> 0.27
<PER-SHARE-GAIN-APPREC> 0.20
<PER-SHARE-DIVIDEND> 0.26
<PER-SHARE-DISTRIBUTIONS> 0.04
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 11.27
<EXPENSE-RATIO> 1.25
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY INFORMATION EXTRACTED FROM THE FINANCIAL
STATEMENTS OF IDEX II GROWTH FOR THE YEAR ENDED SEPTEMBER 30, 1994, AND IS
QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
<SERIES>
<NUMBER> 048
<NAME> IDEX II GROWTH/CLASS A
<MULTIPLIER> 1,000
<S> <C>
<PERIOD-TYPE> YEAR
<FISCAL-YEAR-END> SEP-30-1994
<PERIOD-START> OCT-01-1993
<PERIOD-END> SEP-30-1994
<INVESTMENTS-AT-COST> 384,524
<INVESTMENTS-AT-VALUE> 435,956
<RECEIVABLES> 4,414
<ASSETS-OTHER> 4,013
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 444,383
<PAYABLE-FOR-SECURITIES> 8,275
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 1,478
<TOTAL-LIABILITIES> 9,753
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 386,726
<SHARES-COMMON-STOCK> 25,691
<SHARES-COMMON-PRIOR> 29,710
<ACCUMULATED-NII-CURRENT> 165
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (3,693)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 51,432
<NET-ASSETS> 434,630
<DIVIDEND-INCOME> 5,803
<INTEREST-INCOME> 3,113
<OTHER-INCOME> 0
<EXPENSES-NET> 8,746
<NET-INVESTMENT-INCOME> 170
<REALIZED-GAINS-CURRENT> 771
<APPREC-INCREASE-CURRENT> (34,217)
<NET-CHANGE-FROM-OPS> (33,276)
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> 9,602
<DISTRIBUTIONS-OTHER> 3,945
<NUMBER-OF-SHARES-SOLD> 3,314
<NUMBER-OF-SHARES-REDEEMED> 8,071
<SHARES-REINVESTED> 738
<NET-CHANGE-IN-ASSETS> (113,934)
<ACCUMULATED-NII-PRIOR> 392
<ACCUMULATED-GAINS-PRIOR> 8,686
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 4,950
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 8,746
<AVERAGE-NET-ASSETS> 492,555
<PER-SHARE-NAV-BEGIN> 18.46
<PER-SHARE-NII> 0.01
<PER-SHARE-GAIN-APPREC> (1.22)
<PER-SHARE-DIVIDEND> 0
<PER-SHARE-DISTRIBUTIONS> (0.33)
<RETURNS-OF-CAPITAL> (0.14)
<PER-SHARE-NAV-END> 16.78
<EXPENSE-RATIO> 1.76
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY INFORMATION EXTRACTED FROM THE FINANCIAL
STATEMENTS OF IDEX II GROWTH FOR THE YEAR ENDED SEPTEMBER 30, 1994, AND IS
QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
<SERIES>
<NUMBER> 049
<NAME> IDEX II GROWTH/CLASS C
<MULTIPLIER> 1,000
<S> <C>
<PERIOD-TYPE> YEAR
<FISCAL-YEAR-END> SEP-30-1994
<PERIOD-START> OCT-01-1993
<PERIOD-END> SEP-30-1994
<INVESTMENTS-AT-COST> 384,524
<INVESTMENTS-AT-VALUE> 435,956
<RECEIVABLES> 4,414
<ASSETS-OTHER> 4,013
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 444,383
<PAYABLE-FOR-SECURITIES> 8,275
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 1,478
<TOTAL-LIABILITIES> 9,753
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 386,726
<SHARES-COMMON-STOCK> 205
<SHARES-COMMON-PRIOR> 0
<ACCUMULATED-NII-CURRENT> 165
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (3,693)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 51,432
<NET-ASSETS> 434,630
<DIVIDEND-INCOME> 5,803
<INTEREST-INCOME> 3,113
<OTHER-INCOME> 0
<EXPENSES-NET> 8,746
<NET-INVESTMENT-INCOME> 170
<REALIZED-GAINS-CURRENT> 771
<APPREC-INCREASE-CURRENT> (34,217)
<NET-CHANGE-FROM-OPS> (33,276)
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> 9,602
<DISTRIBUTIONS-OTHER> 3,945
<NUMBER-OF-SHARES-SOLD> 244
<NUMBER-OF-SHARES-REDEEMED> 40
<SHARES-REINVESTED> 1
<NET-CHANGE-IN-ASSETS> (113,934)
<ACCUMULATED-NII-PRIOR> 392
<ACCUMULATED-GAINS-PRIOR> 8,686
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 4,950
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 8,746
<AVERAGE-NET-ASSETS> 2,107
<PER-SHARE-NAV-BEGIN> 18.46
<PER-SHARE-NII> 0.09
<PER-SHARE-GAIN-APPREC> (1.22)
<PER-SHARE-DIVIDEND> 0
<PER-SHARE-DISTRIBUTIONS> (0.33)
<RETURNS-OF-CAPITAL> (0.14)
<PER-SHARE-NAV-END> 16.68
<EXPENSE-RATIO> 3.48
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY INFORMATION EXTRACTED FROM THE FINANCIAL
STATEMENTS OF IDEX II GLOBAL FOR THE YEAR ENDED SEPTEMBER 30, 1994, AND IS
QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
<SERIES>
<NUMBER> 038
<NAME> IDEX II GLOBAL/CLASS A
<MULTIPLIER> 1,000
<S> <C>
<PERIOD-TYPE> YEAR
<FISCAL-YEAR-END> SEP-30-1994
<PERIOD-START> OCT-01-1993
<PERIOD-END> SEP-30-1994
<INVESTMENTS-AT-COST> 75,370
<INVESTMENTS-AT-VALUE> 79,779
<RECEIVABLES> 4,214
<ASSETS-OTHER> 5,669
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 89,662
<PAYABLE-FOR-SECURITIES> 3,726
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 1,124
<TOTAL-LIABILITIES> 4,850
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 78,499
<SHARES-COMMON-STOCK> 5,102
<SHARES-COMMON-PRIOR> 1,306
<ACCUMULATED-NII-CURRENT> (21)
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 2,704
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 3,630
<NET-ASSETS> 84,812
<DIVIDEND-INCOME> 242
<INTEREST-INCOME> 644
<OTHER-INCOME> 0
<EXPENSES-NET> 1,232
<NET-INVESTMENT-INCOME> (346)
<REALIZED-GAINS-CURRENT> 3,253
<APPREC-INCREASE-CURRENT> 2,160
<NET-CHANGE-FROM-OPS> 5,067
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 4,456
<NUMBER-OF-SHARES-REDEEMED> 660
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> 67,382
<ACCUMULATED-NII-PRIOR> (57)
<ACCUMULATED-GAINS-PRIOR> (177)
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 558
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 1,232
<AVERAGE-NET-ASSETS> 54,183
<PER-SHARE-NAV-BEGIN> 13.35
<PER-SHARE-NII> (0.04)
<PER-SHARE-GAIN-APPREC> 2.62
<PER-SHARE-DIVIDEND> 0
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 15.93
<EXPENSE-RATIO> 2.14
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY INFORMATION EXTRACTED FROM THE FINANCIAL
STATEMENTS OF IDEX II GLOBAL FOR THE YEAR ENDED SEPTEMBER 30, 1994, AND IS
QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
<SERIES>
<NUMBER> 039
<NAME> IDEX II GLOBAL/CLASS C
<MULTIPLIER> 1,000
<S> <C>
<PERIOD-TYPE> YEAR
<FISCAL-YEAR-END> SEP-30-1994
<PERIOD-START> OCT-01-1993
<PERIOD-END> SEP-30-1994
<INVESTMENTS-AT-COST> 75,370
<INVESTMENTS-AT-VALUE> 79,779
<RECEIVABLES> 4,214
<ASSETS-OTHER> 5,669
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 89,662
<PAYABLE-FOR-SECURITIES> 3,726
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 1,124
<TOTAL-LIABILITIES> 4,850
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 78,499
<SHARES-COMMON-STOCK> 227
<SHARES-COMMON-PRIOR> 0
<ACCUMULATED-NII-CURRENT> (21)
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 2,704
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 3,630
<NET-ASSETS> 84,812
<DIVIDEND-INCOME> 242
<INTEREST-INCOME> 644
<OTHER-INCOME> 0
<EXPENSES-NET> 1,232
<NET-INVESTMENT-INCOME> (346)
<REALIZED-GAINS-CURRENT> 3,253
<APPREC-INCREASE-CURRENT> 2,160
<NET-CHANGE-FROM-OPS> 5,067
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 263
<NUMBER-OF-SHARES-REDEEMED> 36
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> 67,382
<ACCUMULATED-NII-PRIOR> (57)
<ACCUMULATED-GAINS-PRIOR> (177)
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 558
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 1,232
<AVERAGE-NET-ASSETS> 1,821
<PER-SHARE-NAV-BEGIN> 13.35
<PER-SHARE-NII> (0.23)
<PER-SHARE-GAIN-APPREC> 2.62
<PER-SHARE-DIVIDEND> 0
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 15.74
<EXPENSE-RATIO> 4.04
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY INFORMATION EXTRACTED FROM THE FINANCIAL
STATEMENTS OF IDEX II FLEXIBLE INCOME FOR THE YEAR ENDED SEPTEMBER 30, 1994,
AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
<SERIES>
<NUMBER> 088
<NAME> IDEX II FLEXIBLE INCOME/CLASS A
<MULTIPLIER> 1,000
<S> <C>
<PERIOD-TYPE> YEAR
<FISCAL-YEAR-END> SEP-30-1994
<PERIOD-START> OCT-01-1993
<PERIOD-END> SEP-30-1994
<INVESTMENTS-AT-COST> 21,683
<INVESTMENTS-AT-VALUE> 20,935
<RECEIVABLES> 1,787
<ASSETS-OTHER> 84
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 22,806
<PAYABLE-FOR-SECURITIES> 506
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 82
<TOTAL-LIABILITIES> 588
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 25,616
<SHARES-COMMON-STOCK> 2,438
<SHARES-COMMON-PRIOR> 3,048
<ACCUMULATED-NII-CURRENT> 49
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (2,709)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> (738)
<NET-ASSETS> 22,218
<DIVIDEND-INCOME> 150
<INTEREST-INCOME> 2,050
<OTHER-INCOME> 0
<EXPENSES-NET> 485
<NET-INVESTMENT-INCOME> 1,715
<REALIZED-GAINS-CURRENT> 32
<APPREC-INCREASE-CURRENT> (2,171)
<NET-CHANGE-FROM-OPS> (424)
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 1,644
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 414
<NUMBER-OF-SHARES-REDEEMED> 1,158
<SHARES-REINVESTED> 134
<NET-CHANGE-IN-ASSETS> (7,014)
<ACCUMULATED-NII-PRIOR> 53
<ACCUMULATED-GAINS-PRIOR> (2,846)
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 235
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 584
<AVERAGE-NET-ASSETS> 25,701
<PER-SHARE-NAV-BEGIN> 9.59
<PER-SHARE-NII> 0.65
<PER-SHARE-GAIN-APPREC> (0.81)
<PER-SHARE-DIVIDEND> (0.60)
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 8.83
<EXPENSE-RATIO> 1.85
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY INFORMATION EXTRACTED FROM THE FINANCIAL
STATEMENTS OF IDEX II FLEXIBLE INCOME FOR THE YEAR ENDED SEPTEMBER 30, 1994,
AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
<SERIES>
<NUMBER> 089
<NAME> IDEX II FLEXIBLE INCOME/CLASS C
<MULTIPLIER> 1,000
<S> <C>
<PERIOD-TYPE> YEAR
<FISCAL-YEAR-END> SEP-30-1994
<PERIOD-START> OCT-01-1993
<PERIOD-END> SEP-30-1994
<INVESTMENTS-AT-COST> 21,683
<INVESTMENTS-AT-VALUE> 20,935
<RECEIVABLES> 1,787
<ASSETS-OTHER> 84
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 22,806
<PAYABLE-FOR-SECURITIES> 506
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 82
<TOTAL-LIABILITIES> 588
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 25,616
<SHARES-COMMON-STOCK> 78
<SHARES-COMMON-PRIOR> 0
<ACCUMULATED-NII-CURRENT> 49
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (2,709)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> (738)
<NET-ASSETS> 22,218
<DIVIDEND-INCOME> 150
<INTEREST-INCOME> 2,050
<OTHER-INCOME> 0
<EXPENSES-NET> 485
<NET-INVESTMENT-INCOME> 1,715
<REALIZED-GAINS-CURRENT> 32
<APPREC-INCREASE-CURRENT> (2,171)
<NET-CHANGE-FROM-OPS> (424)
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 27
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 99
<NUMBER-OF-SHARES-REDEEMED> 23
<SHARES-REINVESTED> 2
<NET-CHANGE-IN-ASSETS> (7,014)
<ACCUMULATED-NII-PRIOR> 53
<ACCUMULATED-GAINS-PRIOR> (2,846)
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 235
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 584
<AVERAGE-NET-ASSETS> 425
<PER-SHARE-NAV-BEGIN> 9.59
<PER-SHARE-NII> 0.60
<PER-SHARE-GAIN-APPREC> (0.81)
<PER-SHARE-DIVIDEND> (0.55)
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 8.83
<EXPENSE-RATIO> 2.40
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY INFORMATION EXTRACTED FROM THE FINANCIAL
STATEMENTS OF IDEX II INCOME PLUS FOR THE YEAR ENDED SEPTEMBER 30, 1994,
AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
<SERIES>
<NUMBER> 098
<NAME> IDEX II INCOME PLUS/CLASS A
<MULTIPLIER> 1,000
<S> <C>
<PERIOD-TYPE> YEAR
<FISCAL-YEAR-END> SEP-30-1994
<PERIOD-START> OCT-01-1993
<PERIOD-END> SEP-30-1994
<INVESTMENTS-AT-COST> 66,658
<INVESTMENTS-AT-VALUE> 62,895
<RECEIVABLES> 2,876
<ASSETS-OTHER> 2,438
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 68,209
<PAYABLE-FOR-SECURITIES> 1,896
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 206
<TOTAL-LIABILITIES> 2,102
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 68,883
<SHARES-COMMON-STOCK> 6,560
<SHARES-COMMON-PRIOR> 6,596
<ACCUMULATED-NII-CURRENT> 158
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 829
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> (3,763)
<NET-ASSETS> 66,107
<DIVIDEND-INCOME> 63
<INTEREST-INCOME> 6,040
<OTHER-INCOME> 0
<EXPENSES-NET> 963
<NET-INVESTMENT-INCOME> 5,140
<REALIZED-GAINS-CURRENT> 829
<APPREC-INCREASE-CURRENT> (8,190)
<NET-CHANGE-FROM-OPS> (2,221)
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 4,970
<DISTRIBUTIONS-OF-GAINS> 960
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 1,027
<NUMBER-OF-SHARES-REDEEMED> 1,463
<SHARES-REINVESTED> 400
<NET-CHANGE-IN-ASSETS> (6,294)
<ACCUMULATED-NII-PRIOR> 70
<ACCUMULATED-GAINS-PRIOR> 960
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 422
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 963
<AVERAGE-NET-ASSETS> 68,954
<PER-SHARE-NAV-BEGIN> 10.98
<PER-SHARE-NII> 0.76
<PER-SHARE-GAIN-APPREC> (1.10)
<PER-SHARE-DIVIDEND> 0.75
<PER-SHARE-DISTRIBUTIONS> 0.14
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 9.75
<EXPENSE-RATIO> 1.33
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY INFORMATION EXTRACTED FROM THE FINANCIAL
STATEMENTS OF IDEX II INCOME PLUS FOR THE YEAR ENDED SEPTEMBER 30, 1994,
AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
<SERIES>
<NUMBER> 099
<NAME> IDEX II INCOME PLUS/CLASS C
<MULTIPLIER> 1,000
<S> <C>
<PERIOD-TYPE> YEAR
<FISCAL-YEAR-END> SEP-30-1994
<PERIOD-START> OCT-01-1993
<PERIOD-END> SEP-30-1994
<INVESTMENTS-AT-COST> 66,658
<INVESTMENTS-AT-VALUE> 62,895
<RECEIVABLES> 2,876
<ASSETS-OTHER> 2,438
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 68,209
<PAYABLE-FOR-SECURITIES> 1,896
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 206
<TOTAL-LIABILITIES> 2,102
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 68,883
<SHARES-COMMON-STOCK> 217
<SHARES-COMMON-PRIOR> 0
<ACCUMULATED-NII-CURRENT> 158
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 829
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> (3,763)
<NET-ASSETS> 66,107
<DIVIDEND-INCOME> 63
<INTEREST-INCOME> 6,040
<OTHER-INCOME> 0
<EXPENSES-NET> 963
<NET-INVESTMENT-INCOME> 5,140
<REALIZED-GAINS-CURRENT> 829
<APPREC-INCREASE-CURRENT> (8,190)
<NET-CHANGE-FROM-OPS> (2,221)
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 82
<DISTRIBUTIONS-OF-GAINS> 960
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 244
<NUMBER-OF-SHARES-REDEEMED> 35
<SHARES-REINVESTED> 8
<NET-CHANGE-IN-ASSETS> (6,294)
<ACCUMULATED-NII-PRIOR> 70
<ACCUMULATED-GAINS-PRIOR> 960
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 422
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 963
<AVERAGE-NET-ASSETS> 1,327
<PER-SHARE-NAV-BEGIN> 10.98
<PER-SHARE-NII> 0.66
<PER-SHARE-GAIN-APPREC> (1.10)
<PER-SHARE-DIVIDEND> 0.66
<PER-SHARE-DISTRIBUTIONS> 0.14
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 9.74
<EXPENSE-RATIO> 3.52
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY INFORMATION EXTRACTED FROM THE FINANCIAL
STATEMENTS OF IDEX II TAX-EXEMPT FOR THE YEAR ENDED SEPTEMBER 30, 1994,
AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
<SERIES>
<NUMBER> 108
<NAME> IDEX II TAX-EXEMPT/CLASS A
<MULTIPLIER> 1,000
<S> <C>
<PERIOD-TYPE> YEAR
<FISCAL-YEAR-END> SEP-30-1994
<PERIOD-START> OCT-01-1993
<PERIOD-END> SEP-30-1994
<INVESTMENTS-AT-COST> 29,202
<INVESTMENTS-AT-VALUE> 28,817
<RECEIVABLES> 1,571
<ASSETS-OTHER> 212
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 30,600
<PAYABLE-FOR-SECURITIES> 1,079
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 148
<TOTAL-LIABILITIES> 1,227
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 29,639
<SHARES-COMMON-STOCK> 2,621
<SHARES-COMMON-PRIOR> 2,545
<ACCUMULATED-NII-CURRENT> 111
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 8
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> (385)
<NET-ASSETS> 29,373
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 1,762
<OTHER-INCOME> 0
<EXPENSES-NET> 302
<NET-INVESTMENT-INCOME> 1,460
<REALIZED-GAINS-CURRENT> 108
<APPREC-INCREASE-CURRENT> (1,685)
<NET-CHANGE-FROM-OPS> (117)
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 1,405
<DISTRIBUTIONS-OF-GAINS> 996
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 221
<NUMBER-OF-SHARES-REDEEMED> 291
<SHARES-REINVESTED> 146
<NET-CHANGE-IN-ASSETS> (1,344)
<ACCUMULATED-NII-PRIOR> 61
<ACCUMULATED-GAINS-PRIOR> 896
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 181
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 418
<AVERAGE-NET-ASSETS> 30,092
<PER-SHARE-NAV-BEGIN> 12.07
<PER-SHARE-NII> 0.56
<PER-SHARE-GAIN-APPREC> (0.60)
<PER-SHARE-DIVIDEND> 0.54
<PER-SHARE-DISTRIBUTIONS> 0.39
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 11.10
<EXPENSE-RATIO> 1.00
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY INFORMATION EXTRACTED FROM THE FINANCIAL
STATEMENTS OF IDEX II TAX-EXEMPT FOR THE YEAR ENDED SEPTEMBER 30, 1994,
AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
<SERIES>
<NUMBER> 109
<NAME> IDEX II TAX-EXEMPT/CLASS C
<MULTIPLIER> 1,000
<S> <C>
<PERIOD-TYPE> YEAR
<FISCAL-YEAR-END> SEP-30-1994
<PERIOD-START> OCT-01-1993
<PERIOD-END> SEP-30-1994
<INVESTMENTS-AT-COST> 29,202
<INVESTMENTS-AT-VALUE> 28,817
<RECEIVABLES> 1,571
<ASSETS-OTHER> 212
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 30,600
<PAYABLE-FOR-SECURITIES> 1,079
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 148
<TOTAL-LIABILITIES> 1,227
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 29,639
<SHARES-COMMON-STOCK> 25
<SHARES-COMMON-PRIOR> 0
<ACCUMULATED-NII-CURRENT> 111
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 8
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> (385)
<NET-ASSETS> 29,373
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 1,762
<OTHER-INCOME> 0
<EXPENSES-NET> 302
<NET-INVESTMENT-INCOME> 1,460
<REALIZED-GAINS-CURRENT> 108
<APPREC-INCREASE-CURRENT> (1,685)
<NET-CHANGE-FROM-OPS> (117)
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 5
<DISTRIBUTIONS-OF-GAINS> 996
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 26
<NUMBER-OF-SHARES-REDEEMED> 1
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> (1,344)
<ACCUMULATED-NII-PRIOR> 61
<ACCUMULATED-GAINS-PRIOR> 896
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 181
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 418
<AVERAGE-NET-ASSETS> 127
<PER-SHARE-NAV-BEGIN> 12.07
<PER-SHARE-NII> 0.53
<PER-SHARE-GAIN-APPREC> (0.60)
<PER-SHARE-DIVIDEND> 0.51
<PER-SHARE-DISTRIBUTIONS> 0.39
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 11.10
<EXPENSE-RATIO> 1.25
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
