GENERAL AMERICAN CAPITAL CO
NSAR-B, 1998-02-26
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<PAGE>      PAGE  1
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<PAGE>      PAGE  2
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<PAGE>      PAGE  3
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<PAGE>      PAGE  8
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<PAGE>      PAGE  10
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<PAGE>      PAGE  11
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025 C000506 E
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<PAGE>      PAGE  19
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063 B000500  7.5
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064 B000500 N
066 A000500 Y
<PAGE>      PAGE  20
066 B000500 N
066 C000500 N
066 D000500 N
066 E000500 N
066 F000500 N
066 G000500 Y
067  000500 Y
068 A000500 N
068 B000500 N
069  000500 N
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070 A020500 Y
070 B010500 Y
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070 D020500 N
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070 E020500 Y
070 F010500 Y
070 F020500 N
070 G010500 Y
070 G020500 N
070 H010500 Y
070 H020500 N
070 I010500 N
070 I020500 N
070 J010500 N
070 J020500 N
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070 K020500 N
070 L010500 Y
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070 M010500 N
070 M020500 N
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070 N020500 N
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<PAGE>      PAGE  21
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<PAGE>      PAGE  22
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008 A000601 CONNING ASSET MANAGEMENT COMPANY
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008 D020601 MO
008 D030601 63101
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025 A000604 SUMITOMO TRUST & BANKING
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<PAGE>      PAGE  23
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<PAGE>      PAGE  24
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070 I020600 N
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070 J020600 N
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070 O010600 N
070 O020600 N
070 P010600 N
070 P020600 N
070 Q010600 N
070 Q020600 N
070 R010600 N
<PAGE>      PAGE  25
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<PAGE>      PAGE  26
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<PAGE>      PAGE  27
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070 K020700 N
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070 M020700 N
070 N010700 N
070 N020700 N
070 O010700 N
070 O020700 N
070 P010700 N
<PAGE>      PAGE  28
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070 Q010700 N
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<PAGE>      PAGE  29
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025 B000802 06-0950444
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025 B000803 23-2753201
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025 B000804 36-3569514
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025 B000805 13-3797317
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025 D000806     830
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<PAGE>      PAGE  30
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025 B000810 36-3111956
025 C000810 E
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025 A000812 STIFEL FINANCIAL
025 B000812 43-1273600
025 C000812 E
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025 B000813 13-3754954
025 C000813 E
025 D000813      76
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025 B000814 85-0404134
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<PAGE>      PAGE  31
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<PAGE>      PAGE  32
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<PAGE>      PAGE  33
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SIGNATURE   KRISTA ROSS
TITLE       CPA


<TABLE> <S> <C>

<ARTICLE>                                            6
<SERIES>
<NAME>                     GACC - S & P 500 Index Fund
<NUMBER>                                             1
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<PERIOD-TYPE>                                   12-MOS
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<PERIOD-END>                               DEC-31-1997
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<EXPENSE-RATIO>                                  0.300
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</TABLE>

<TABLE> <S> <C>

<ARTICLE>                                            6
<SERIES>
<NAME>                        GACC - Money Market Fund
<NUMBER>                                             2
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<PERIOD-TYPE>                                   12-MOS
<FISCAL-YEAR-END>                          DEC-31-1997
<PERIOD-END>                               DEC-31-1997
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<SENIOR-EQUITY>                                      0
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<SHARES-COMMON-STOCK>                            9,578
<SHARES-COMMON-PRIOR>                                0
<ACCUMULATED-NII-CURRENT>                            0
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                              0
<OVERDISTRIBUTION-GAINS>                             0
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<DIVIDEND-INCOME>                                    0
<INTEREST-INCOME>                                6,109
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                    (216)
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<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                         18,831
<NUMBER-OF-SHARES-REDEEMED>                    (15,136)
<SHARES-REINVESTED>                                  0
<NET-CHANGE-IN-ASSETS>                          73,145
<ACCUMULATED-NII-PRIOR>                              0
<ACCUMULATED-GAINS-PRIOR>                            0
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                              132
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                    216
<AVERAGE-NET-ASSETS>                           105,199
<PER-SHARE-NAV-BEGIN>                           17.240
<PER-SHARE-NII>                                  0.990
<PER-SHARE-GAIN-APPREC>                              0
<PER-SHARE-DIVIDEND>                                 0
<PER-SHARE-DISTRIBUTIONS>                            0
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                             18.230
<EXPENSE-RATIO>                                  0.210
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0

</TABLE>

<TABLE> <S> <C>

<ARTICLE>                                            6
<SERIES>
<NAME>                          GACC - Bond Index Fund
<NUMBER>                                             3
<MULTIPLIER>                                     1,000
<PERIOD-START>                             JAN-01-1997
<PERIOD-TYPE>                                   12-MOS
<FISCAL-YEAR-END>                          DEC-31-1997
<PERIOD-END>                               DEC-31-1997
<INVESTMENTS-AT-COST>                           46,322
<INVESTMENTS-AT-VALUE>                          47,586
<RECEIVABLES>                                      749
<ASSETS-OTHER>                                       7
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                                  48,342
<PAYABLE-FOR-SECURITIES>                             0
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                           12
<TOTAL-LIABILITIES>                                 12
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                             0
<SHARES-COMMON-STOCK>                            2,084
<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>                                    48,330
<DIVIDEND-INCOME>                                    0
<INTEREST-INCOME>                                2,496
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                    (113)
<NET-INVESTMENT-INCOME>                          2,383
<REALIZED-GAINS-CURRENT>                            51
<APPREC-INCREASE-CURRENT>                          991
<NET-CHANGE-FROM-OPS>                            3,425
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                            0
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                            875
<NUMBER-OF-SHARES-REDEEMED>                       (584)
<SHARES-REINVESTED>                                  0
<NET-CHANGE-IN-ASSETS>                          10,315
<ACCUMULATED-NII-PRIOR>                              0
<ACCUMULATED-GAINS-PRIOR>                            0
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                               94
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                    113
<AVERAGE-NET-ASSETS>                            36,573
<PER-SHARE-NAV-BEGIN>                           21.210
<PER-SHARE-NII>                                  1.390
<PER-SHARE-GAIN-APPREC>                          0.590
<PER-SHARE-DIVIDEND>                                 0
<PER-SHARE-DISTRIBUTIONS>                            0
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                             23.190
<EXPENSE-RATIO>                                  0.300
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0

</TABLE>

<TABLE> <S> <C>

<ARTICLE>                                            6
<SERIES>
<NAME>                      GACC - Managed Equity Fund
<NUMBER>                                             4
<MULTIPLIER>                                     1,000
<PERIOD-START>                             JAN-01-1997
<PERIOD-TYPE>                                   12-MOS
<FISCAL-YEAR-END>                          DEC-31-1997
<PERIOD-END>                               DEC-31-1997
<INVESTMENTS-AT-COST>                           43,377
<INVESTMENTS-AT-VALUE>                          59,381
<RECEIVABLES>                                    1,113
<ASSETS-OTHER>                                      12
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                                  60,506
<PAYABLE-FOR-SECURITIES>                         1,349
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                           19
<TOTAL-LIABILITIES>                              1,368
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                             0
<SHARES-COMMON-STOCK>                            1,895
<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>                                    59,138
<DIVIDEND-INCOME>                                1,266
<INTEREST-INCOME>                                  163
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                    (224)
<NET-INVESTMENT-INCOME>                          1,205
<REALIZED-GAINS-CURRENT>                         2,667
<APPREC-INCREASE-CURRENT>                        7,545
<NET-CHANGE-FROM-OPS>                           11,417
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                            0
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                            293
<NUMBER-OF-SHARES-REDEEMED>                       (317)
<SHARES-REINVESTED>                                  0
<NET-CHANGE-IN-ASSETS>                          10,551
<ACCUMULATED-NII-PRIOR>                              0
<ACCUMULATED-GAINS-PRIOR>                            0
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                              168
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                    224
<AVERAGE-NET-ASSETS>                            52,040
<PER-SHARE-NAV-BEGIN>                           25.310
<PER-SHARE-NII>                                  0.630
<PER-SHARE-GAIN-APPREC>                          5.260
<PER-SHARE-DIVIDEND>                                 0
<PER-SHARE-DISTRIBUTIONS>                            0
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                             31.200
<EXPENSE-RATIO>                                  0.410
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0

</TABLE>

<TABLE> <S> <C>

<ARTICLE>                                            6
<SERIES>
<NAME>                    GACC - Asset Allocation Fund
<NUMBER>                                             5
<MULTIPLIER>                                     1,000
<PERIOD-START>                             JAN-01-1997
<PERIOD-TYPE>                                   12-MOS
<FISCAL-YEAR-END>                          DEC-31-1997
<PERIOD-END>                               DEC-31-1997
<INVESTMENTS-AT-COST>                           84,305
<INVESTMENTS-AT-VALUE>                         110,650
<RECEIVABLES>                                      610
<ASSETS-OTHER>                                      65
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                                 111,325
<PAYABLE-FOR-SECURITIES>                             0
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                           56
<TOTAL-LIABILITIES>                                 56
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                             0
<SHARES-COMMON-STOCK>                            3,492
<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>                                   111,269
<DIVIDEND-INCOME>                                1,433
<INTEREST-INCOME>                                2,444
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                    (610)
<NET-INVESTMENT-INCOME>                          3,267
<REALIZED-GAINS-CURRENT>                           727
<APPREC-INCREASE-CURRENT>                       13,145
<NET-CHANGE-FROM-OPS>                           17,139
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                            0
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                            677
<NUMBER-OF-SHARES-REDEEMED>                       (396)
<SHARES-REINVESTED>                                  0
<NET-CHANGE-IN-ASSETS>                          25,078
<ACCUMULATED-NII-PRIOR>                              0
<ACCUMULATED-GAINS-PRIOR>                            0
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                              508
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                    610
<AVERAGE-NET-ASSETS>                           100,883
<PER-SHARE-NAV-BEGIN>                           26.830
<PER-SHARE-NII>                                  0.960
<PER-SHARE-GAIN-APPREC>                          4.070
<PER-SHARE-DIVIDEND>                                 0
<PER-SHARE-DISTRIBUTIONS>                            0
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                             31.860
<EXPENSE-RATIO>                                  0.600
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0

</TABLE>

<TABLE> <S> <C>

<ARTICLE>                                            6
<SERIES>
<NAME>                 GACC - International Index Fund
<NUMBER>                                             6
<MULTIPLIER>                                     1,000
<PERIOD-START>                             JAN-01-1997
<PERIOD-TYPE>                                   12-MOS
<FISCAL-YEAR-END>                          DEC-31-1997
<PERIOD-END>                               DEC-31-1997
<INVESTMENTS-AT-COST>                            7,935
<INVESTMENTS-AT-VALUE>                           8,389
<RECEIVABLES>                                       21
<ASSETS-OTHER>                                      22
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                                   8,432
<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>                              508
<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>                                     8,426
<DIVIDEND-INCOME>                                  162
<INTEREST-INCOME>                                   21
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                     (63)
<NET-INVESTMENT-INCOME>                            120
<REALIZED-GAINS-CURRENT>                            96
<APPREC-INCREASE-CURRENT>                          (65)
<NET-CHANGE-FROM-OPS>                              151
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                            0
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                            120
<NUMBER-OF-SHARES-REDEEMED>                        (45)
<SHARES-REINVESTED>                                  0
<NET-CHANGE-IN-ASSETS>                           1,412
<ACCUMULATED-NII-PRIOR>                              0
<ACCUMULATED-GAINS-PRIOR>                            0
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                               40
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                     63
<AVERAGE-NET-ASSETS>                             7,864
<PER-SHARE-NAV-BEGIN>                           16.230
<PER-SHARE-NII>                                  0.260
<PER-SHARE-GAIN-APPREC>                          0.110
<PER-SHARE-DIVIDEND>                                 0
<PER-SHARE-DISTRIBUTIONS>                            0
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                             16.600
<EXPENSE-RATIO>                                  0.800
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0

</TABLE>

<TABLE> <S> <C>

<ARTICLE>                                            6
<SERIES>
<NAME>                      GACC - Mid-Cap Equity Fund
<NUMBER>                                             7
<MULTIPLIER>                                     1,000
<PERIOD-START>                             JAN-01-1997
<PERIOD-TYPE>                                   12-MOS
<FISCAL-YEAR-END>                          DEC-31-1997
<PERIOD-END>                               DEC-31-1997
<INVESTMENTS-AT-COST>                            5,138
<INVESTMENTS-AT-VALUE>                           6,836
<RECEIVABLES>                                        2
<ASSETS-OTHER>                                      18
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                                   6,856
<PAYABLE-FOR-SECURITIES>                             0
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                            4
<TOTAL-LIABILITIES>                                  4
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                             0
<SHARES-COMMON-STOCK>                              310
<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>                                     6,852
<DIVIDEND-INCOME>                                   42
<INTEREST-INCOME>                                   33
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                     (33)
<NET-INVESTMENT-INCOME>                             42
<REALIZED-GAINS-CURRENT>                           267
<APPREC-INCREASE-CURRENT>                        1,114
<NET-CHANGE-FROM-OPS>                            1,423
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                            0
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                            123
<NUMBER-OF-SHARES-REDEEMED>                        (64)
<SHARES-REINVESTED>                                  0
<NET-CHANGE-IN-ASSETS>                           2,732
<ACCUMULATED-NII-PRIOR>                              0
<ACCUMULATED-GAINS-PRIOR>                            0
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                               28
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                     33
<AVERAGE-NET-ASSETS>                             5,094
<PER-SHARE-NAV-BEGIN>                           16.420
<PER-SHARE-NII>                                  0.160
<PER-SHARE-GAIN-APPREC>                          5.490
<PER-SHARE-DIVIDEND>                                 0
<PER-SHARE-DISTRIBUTIONS>                            0
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                             22.070
<EXPENSE-RATIO>                                  0.650
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0

</TABLE>

<TABLE> <S> <C>

<ARTICLE>                                            6
<SERIES>
<NAME>                    GACC - Small-Cap Equity Fund
<NUMBER>                                             8
<MULTIPLIER>                                     1,000
<PERIOD-START>                             MAY-01-1997
<PERIOD-TYPE>                                    8-MOS
<FISCAL-YEAR-END>                          DEC-31-1997
<PERIOD-END>                               DEC-31-1997
<INVESTMENTS-AT-COST>                           59,104
<INVESTMENTS-AT-VALUE>                          77,558
<RECEIVABLES>                                       84
<ASSETS-OTHER>                                      40
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                                  77,682
<PAYABLE-FOR-SECURITIES>                            17
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                           19
<TOTAL-LIABILITIES>                                 36
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                             0
<SHARES-COMMON-STOCK>                            1,608
<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>                                    77,646
<DIVIDEND-INCOME>                                  514
<INTEREST-INCOME>                                   63
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                    (138)
<NET-INVESTMENT-INCOME>                            439
<REALIZED-GAINS-CURRENT>                        10,577
<APPREC-INCREASE-CURRENT>                        5,750
<NET-CHANGE-FROM-OPS>                           16,766
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                            0
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                            224
<NUMBER-OF-SHARES-REDEEMED>                        (93)
<SHARES-REINVESTED>                                  0
<NET-CHANGE-IN-ASSETS>                          23,209
<ACCUMULATED-NII-PRIOR>                              0
<ACCUMULATED-GAINS-PRIOR>                            0
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                              115
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                    138
<AVERAGE-NET-ASSETS>                            67,958
<PER-SHARE-NAV-BEGIN>                           36.840
<PER-SHARE-NII>                                  0.290
<PER-SHARE-GAIN-APPREC>                         11.140
<PER-SHARE-DIVIDEND>                                 0
<PER-SHARE-DISTRIBUTIONS>                            0
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                             48.270
<EXPENSE-RATIO>                                  0.300
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0

</TABLE>


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