WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000812015
<NAME> THE ALLIANCE PORTFOLIOS
<SERIES>
<NUMBER> 041
<NAME> GROWTH INVESTORS FUND
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> APR-30-2001
<PERIOD-START> MAY-01-2000
<PERIOD-END> OCT-31-2000
<INVESTMENTS-AT-COST> 143,083,630
<INVESTMENTS-AT-VALUE> 144,530,695
<RECEIVABLES> 1,327,213
<ASSETS-OTHER> 347,082
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 146,204,990
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 447,112
<TOTAL-LIABILITIES> 447,112
<SENIOR-EQUITY> 100
<PAID-IN-CAPITAL-COMMON> 126,002,182
<SHARES-COMMON-STOCK> 3,843,050
<SHARES-COMMON-PRIOR> 3,682,305
<ACCUMULATED-NII-CURRENT> 1,229,688
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 16,740,610
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 1,785,298
<NET-ASSETS> 145,757,878
<DIVIDEND-INCOME> 359,040
<INTEREST-INCOME> 2,296,934
<OTHER-INCOME> 0
<EXPENSES-NET> (1,427,526)
<NET-INVESTMENT-INCOME> 1,228,448
<REALIZED-GAINS-CURRENT> 6,316,502
<APPREC-INCREASE-CURRENT> (11,371,040)
<NET-CHANGE-FROM-OPS> (3,826,090)
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 860,822
<NUMBER-OF-SHARES-REDEEMED> (700,077)
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> 1,073,410
<ACCUMULATED-NII-PRIOR> 1240
<ACCUMULATED-GAINS-PRIOR> 10,424,108
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 577,000
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 1,428,000
<AVERAGE-NET-ASSETS> 55,810,408
<PER-SHARE-NAV-BEGIN> 14.80
<PER-SHARE-NII> 0.16
<PER-SHARE-GAIN-APPREC> (.51)
<PER-SHARE-DIVIDEND> 0
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 14.45
<EXPENSE-RATIO> 1.48
[AVG-DEBT-OUTSTANDING] 0
[AVG-DEBT-PER-SHARE] 0
</TABLE>
