ALLIANCE PORTFOLIOS
NSAR-B, EX-27, 2000-06-29
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WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000812015
<NAME> THE ALLIANCE PORTFOLIOS
<SERIES>
   <NUMBER> 053
   <NAME> CONSERVATIVE INVESTORS FUND

<S>                             <C>
<PERIOD-TYPE>                   12-MOS
<FISCAL-YEAR-END>                          APR-30-2000
<PERIOD-START>                             MAY-01-1999
<PERIOD-END>                               APR-30-2000
<INVESTMENTS-AT-COST>                       61,401,710
<INVESTMENTS-AT-VALUE>                      61,589,329
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<OTHER-ITEMS-ASSETS>                                 0
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<PAYABLE-FOR-SECURITIES>                        82,216
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<OTHER-ITEMS-LIABILITIES>                      252,739
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<SENIOR-EQUITY>                                     55
<PAID-IN-CAPITAL-COMMON>                    60,678,520
<SHARES-COMMON-STOCK>                          558,186
<SHARES-COMMON-PRIOR>                          469,115
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<OVERDISTRIBUTION-NII>                        (56,854)
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<OTHER-INCOME>                                       0
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<APPREC-INCREASE-CURRENT>                  (2,932,320)
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<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                    (158,175)
<DISTRIBUTIONS-OF-GAINS>                     (317,621)
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                        256,584
<NUMBER-OF-SHARES-REDEEMED>                  (206,128)
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<ACCUMULATED-NII-PRIOR>                        (6,668)
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<OVERDISTRIB-NII-PRIOR>                              0
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<GROSS-ADVISORY-FEES>                          457,000
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                              1,312,000
<AVERAGE-NET-ASSETS>                         5,887,496
<PER-SHARE-NAV-BEGIN>                            12.13
<PER-SHARE-NII>                                   0.36
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<EXPENSE-RATIO>                                   2.10
[AVG-DEBT-OUTSTANDING]                               0
[AVG-DEBT-PER-SHARE]                                 0


</TABLE>


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