GENERAL AMERICAN CAPITAL CO
NSAR-B, 1997-02-26
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<PAGE>      PAGE  1
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<PAGE>      PAGE  2
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<PAGE>      PAGE  8
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SIGNATURE   MATTHEW P MCCAULEY                           
TITLE       SECRETARY           
 


<TABLE> <S> <C>

<ARTICLE> 6
<SERIES>
   <NUMBER> 1
   <NAME> GACC - S & P 500 Index Fund
<MULTIPLIER> 1,000
<CURRENCY> U.S. Dollars
       
<S>                             <C>
<PERIOD-TYPE>                   12-MOS
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<PERIOD-START>                                          JAN-01-1996
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</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<SERIES>
   <NUMBER> 2
   <NAME> GACC - Money Market Fund
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</TABLE>

<TABLE> <S> <C>

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<SERIES>
   <NUMBER> 3
   <NAME> GACC - Bond Index Fund
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<AVG-DEBT-PER-SHARE>                                          0.000
        

</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<SERIES>
   <NUMBER> 4
   <NAME> GACC - Managed Equity Fund
<MULTIPLIER> 1,000
<CURRENCY> U.S. Dollars
       
<S>                             <C>
<PERIOD-TYPE>                   12-MOS
<FISCAL-YEAR-END>                                       DEC-31-1996
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<GROSS-EXPENSE>                                                 211
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<PER-SHARE-NAV-BEGIN>                                        20.930
<PER-SHARE-NII>                                               0.680
<PER-SHARE-GAIN-APPREC>                                       3.700
<PER-SHARE-DIVIDEND>                                          0.000
<PER-SHARE-DISTRIBUTIONS>                                     0.000
<RETURNS-OF-CAPITAL>                                          0.000
<PER-SHARE-NAV-END>                                          25.310
<EXPENSE-RATIO>                                               0.470
<AVG-DEBT-OUTSTANDING>                                        0
<AVG-DEBT-PER-SHARE>                                          0.000
        

</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<SERIES>
   <NUMBER> 5
   <NAME> GACC - Asset Allocation Fund
<MULTIPLIER> 1,000
<CURRENCY> U.S. Dollars
       
<S>                             <C>
<PERIOD-TYPE>                   12-MOS
<FISCAL-YEAR-END>                                       DEC-31-1996
<PERIOD-START>                                          JAN-01-1996
<PERIOD-END>                                            DEC-31-1996
<EXCHANGE-RATE>                                                   1
<INVESTMENTS-AT-COST>                                        72,265
<INVESTMENTS-AT-VALUE>                                       85,464
<RECEIVABLES>                                                   723
<ASSETS-OTHER>                                                   47
<OTHER-ITEMS-ASSETS>                                              0
<TOTAL-ASSETS>                                               86,234
<PAYABLE-FOR-SECURITIES>                                          0
<SENIOR-LONG-TERM-DEBT>                                           0
<OTHER-ITEMS-LIABILITIES>                                        43
<TOTAL-LIABILITIES>                                              43
<SENIOR-EQUITY>                                                   0
<PAID-IN-CAPITAL-COMMON>                                          0
<SHARES-COMMON-STOCK>                                         3,212
<SHARES-COMMON-PRIOR>                                             0
<ACCUMULATED-NII-CURRENT>                                         0
<OVERDISTRIBUTION-NII>                                            0
<ACCUMULATED-NET-GAINS>                                           0
<OVERDISTRIBUTION-GAINS>                                          0
<ACCUM-APPREC-OR-DEPREC>                                          0
<NET-ASSETS>                                                 86,191
<DIVIDEND-INCOME>                                             1,681
<INTEREST-INCOME>                                             1,750
<OTHER-INCOME>                                                    0
<EXPENSES-NET>                                                 (472)
<NET-INVESTMENT-INCOME>                                       2,959
<REALIZED-GAINS-CURRENT>                                      2,367
<APPREC-INCREASE-CURRENT>                                     6,115
<NET-CHANGE-FROM-OPS>                                        11,441
<EQUALIZATION>                                                    0
<DISTRIBUTIONS-OF-INCOME>                                     3,009
<DISTRIBUTIONS-OF-GAINS>                                      2,921
<DISTRIBUTIONS-OTHER>                                             0
<NUMBER-OF-SHARES-SOLD>                                         561
<NUMBER-OF-SHARES-REDEEMED>                                    (512)
<SHARES-REINVESTED>                                               0
<NET-CHANGE-IN-ASSETS>                                       12,804
<ACCUMULATED-NII-PRIOR>                                           0
<ACCUMULATED-GAINS-PRIOR>                                         0
<OVERDISTRIB-NII-PRIOR>                                           0
<OVERDIST-NET-GAINS-PRIOR>                                        0
<GROSS-ADVISORY-FEES>                                           393
<INTEREST-EXPENSE>                                                0
<GROSS-EXPENSE>                                                 472
<AVERAGE-NET-ASSETS>                                         78,532
<PER-SHARE-NAV-BEGIN>                                        23.200
<PER-SHARE-NII>                                               0.930
<PER-SHARE-GAIN-APPREC>                                       2.700
<PER-SHARE-DIVIDEND>                                          0.000
<PER-SHARE-DISTRIBUTIONS>                                     0.000
<RETURNS-OF-CAPITAL>                                          0.000
<PER-SHARE-NAV-END>                                          26.830
<EXPENSE-RATIO>                                               0.600
<AVG-DEBT-OUTSTANDING>                                        0
<AVG-DEBT-PER-SHARE>                                          0.000
        

</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<SERIES>
   <NUMBER> 6
   <NAME> GACC - International Equity Fund
<MULTIPLIER> 1,000
<CURRENCY> U.S. Dollars
       
<S>                             <C>
<PERIOD-TYPE>                   12-MOS
<FISCAL-YEAR-END>                                       DEC-31-1996
<PERIOD-START>                                          JAN-01-1996
<PERIOD-END>                                            DEC-31-1996
<EXCHANGE-RATE>                                                   1
<INVESTMENTS-AT-COST>                                         6,414
<INVESTMENTS-AT-VALUE>                                        6,933
<RECEIVABLES>                                                    25
<ASSETS-OTHER>                                                   63
<OTHER-ITEMS-ASSETS>                                              0
<TOTAL-ASSETS>                                                7,021
<PAYABLE-FOR-SECURITIES>                                          0
<SENIOR-LONG-TERM-DEBT>                                           0
<OTHER-ITEMS-LIABILITIES>                                         6
<TOTAL-LIABILITIES>                                               6
<SENIOR-EQUITY>                                                   0
<PAID-IN-CAPITAL-COMMON>                                          0
<SHARES-COMMON-STOCK>                                           432
<SHARES-COMMON-PRIOR>                                             0
<ACCUMULATED-NII-CURRENT>                                         0
<OVERDISTRIBUTION-NII>                                            0
<ACCUMULATED-NET-GAINS>                                           0
<OVERDISTRIBUTION-GAINS>                                          0
<ACCUM-APPREC-OR-DEPREC>                                          0
<NET-ASSETS>                                                  7,015
<DIVIDEND-INCOME>                                               119
<INTEREST-INCOME>                                                40
<OTHER-INCOME>                                                    0
<EXPENSES-NET>                                                  (62)
<NET-INVESTMENT-INCOME>                                          97
<REALIZED-GAINS-CURRENT>                                         77
<APPREC-INCREASE-CURRENT>                                       272
<NET-CHANGE-FROM-OPS>                                           446
<EQUALIZATION>                                                    0
<DISTRIBUTIONS-OF-INCOME>                                       103
<DISTRIBUTIONS-OF-GAINS>                                         67
<DISTRIBUTIONS-OTHER>                                             0
<NUMBER-OF-SHARES-SOLD>                                         100
<NUMBER-OF-SHARES-REDEEMED>                                     (29)
<SHARES-REINVESTED>                                               0
<NET-CHANGE-IN-ASSETS>                                        1,555
<ACCUMULATED-NII-PRIOR>                                           0
<ACCUMULATED-GAINS-PRIOR>                                         0
<OVERDISTRIB-NII-PRIOR>                                           0
<OVERDIST-NET-GAINS-PRIOR>                                        0
<GROSS-ADVISORY-FEES>                                            43
<INTEREST-EXPENSE>                                                0
<GROSS-EXPENSE>                                                  63
<AVERAGE-NET-ASSETS>                                          6,201
<PER-SHARE-NAV-BEGIN>                                        15.110
<PER-SHARE-NII>                                               0.240
<PER-SHARE-GAIN-APPREC>                                       0.880
<PER-SHARE-DIVIDEND>                                          0.000
<PER-SHARE-DISTRIBUTIONS>                                     0.000
<RETURNS-OF-CAPITAL>                                          0.000
<PER-SHARE-NAV-END>                                          16.230
<EXPENSE-RATIO>                                               1.000
<AVG-DEBT-OUTSTANDING>                                        0
<AVG-DEBT-PER-SHARE>                                          0.000
        

</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<SERIES>
   <NUMBER> 7
   <NAME> GACC - Special Equity Fund
<MULTIPLIER> 1,000
<CURRENCY> U.S. Dollars
       
<S>                             <C>
<PERIOD-TYPE>                   12-MOS
<FISCAL-YEAR-END>                                       DEC-31-1996
<PERIOD-START>                                          JAN-01-1996
<PERIOD-END>                                            DEC-31-1996
<EXCHANGE-RATE>                                                   1
<INVESTMENTS-AT-COST>                                         3,514
<INVESTMENTS-AT-VALUE>                                        4,098
<RECEIVABLES>                                                     4
<ASSETS-OTHER>                                                   20
<OTHER-ITEMS-ASSETS>                                              0
<TOTAL-ASSETS>                                                4,122
<PAYABLE-FOR-SECURITIES>                                          0
<SENIOR-LONG-TERM-DEBT>                                           0
<OTHER-ITEMS-LIABILITIES>                                         2
<TOTAL-LIABILITIES>                                               2
<SENIOR-EQUITY>                                                   0
<PAID-IN-CAPITAL-COMMON>                                          0
<SHARES-COMMON-STOCK>                                           251
<SHARES-COMMON-PRIOR>                                             0
<ACCUMULATED-NII-CURRENT>                                         0
<OVERDISTRIBUTION-NII>                                            0
<ACCUMULATED-NET-GAINS>                                           0
<OVERDISTRIBUTION-GAINS>                                          0
<ACCUM-APPREC-OR-DEPREC>                                          0
<NET-ASSETS>                                                  4,120
<DIVIDEND-INCOME>                                                54
<INTEREST-INCOME>                                                13
<OTHER-INCOME>                                                    0
<EXPENSES-NET>                                                  (26)
<NET-INVESTMENT-INCOME>                                          41
<REALIZED-GAINS-CURRENT>                                        731
<APPREC-INCREASE-CURRENT>                                        20
<NET-CHANGE-FROM-OPS>                                           792
<EQUALIZATION>                                                    0
<DISTRIBUTIONS-OF-INCOME>                                        43
<DISTRIBUTIONS-OF-GAINS>                                        768
<DISTRIBUTIONS-OTHER>                                             0
<NUMBER-OF-SHARES-SOLD>                                          79
<NUMBER-OF-SHARES-REDEEMED>                                    (138)
<SHARES-REINVESTED>                                               0
<NET-CHANGE-IN-ASSETS>                                         (140)
<ACCUMULATED-NII-PRIOR>                                           0
<ACCUMULATED-GAINS-PRIOR>                                         0
<OVERDISTRIB-NII-PRIOR>                                           0
<OVERDIST-NET-GAINS-PRIOR>                                        0
<GROSS-ADVISORY-FEES>                                            22
<INTEREST-EXPENSE>                                                0
<GROSS-EXPENSE>                                                  26
<AVERAGE-NET-ASSETS>                                          4,077
<PER-SHARE-NAV-BEGIN>                                        13.740
<PER-SHARE-NII>                                               0.150
<PER-SHARE-GAIN-APPREC>                                       2.530
<PER-SHARE-DIVIDEND>                                          0.000
<PER-SHARE-DISTRIBUTIONS>                                     0.000
<RETURNS-OF-CAPITAL>                                          0.000
<PER-SHARE-NAV-END>                                          16.420
<EXPENSE-RATIO>                                               0.650
<AVG-DEBT-OUTSTANDING>                                        0
<AVG-DEBT-PER-SHARE>                                          0.000
        

</TABLE>


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