ANCHOR PATHWAY FUND
NSAR-A, 1996-08-02
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<PAGE>      PAGE  1
000 A000000 05/31/96
000 C000000 814150
000 D000000 N
000 E000000 NF
000 F000000 Y
000 G000000 N
000 H000000 N
000 I000000 3.0.a
000 J000000 A
001 A000000 ANCHOR PATHWAY FUNDS
001 B000000 811-5157
001 C000000 2125515223
002 A000000 11601 WILSHIRE BLVD
002 B000000 LOS ANGELES
002 C000000 CA
002 D010000 90025
003  000000 N
004  000000 N
005  000000 N
006  000000 N
007 A000000 Y
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007 C010200  2
007 C020200 HIGH YIELD BOND SERIES
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007 C020300 GROWTH INCOME SERIES
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007 C020400 GROWTH SERIES
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008 A00AA01 CAPITAL RESEARCH AND MANAGEMENT COMPANY
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008 C00AA01 801-8055
008 D01AA01 LOS ANGELES
008 D02AA01 CA
<PAGE>      PAGE  2
008 D03AA01 90071
010 A00AA01 ANCHOR INVESTMENT ADVISER, INC.
010 C01AA01 LOS ANGELES
010 C02AA01 CA
010 C03AA01 90067
010 C04AA01 6022
012 A00AA01 STATE STREET BANK AND TRUST COMPANY
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012 C01AA01 NORTH QUINCY
012 C02AA01 MA
012 C03AA01 02171
013 A00AA01 PRICE WATERHOUSE
013 B01AA01 NEW YORK
013 B02AA01 NY
013 B03AA01 10036
014 A00AA01 ANCHOR NATIONAL FINANCIAL SERVICES, INC.
014 B00AA01 8-16458
014 A00AA02 ROYAL ALLIANCE ASSOCIATES
014 B00AA02 8-40218
014 A00AA03 SUNAMERICA SECURITIES, INC.
014 B00AA03 8-39428
015 A00AA01 STATE STREET BANK AND TRUST COMPANY
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015 C02AA01 MA
015 C03AA01 02171
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020 A000001 EDWARDS (A.G.) & SONS, INC.
020 B000001 43-0895447
020 C000001     56
020 A000002 DONALDSON, LUFKIN & JENRETTE SECURITIES CORP.
020 B000002 13-2741729
020 C000002     43
020 A000003 JONES (EDWARD D.) & CO.
020 B000003 43-0345811
020 C000003     40
020 A000004 UBS SECURITIES, INC.
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020 A000005 MORGAN STANLEY CO., INC.
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020 A000006 BEAR STEARNS & CO., INC.
020 B000006 13-3299429
020 C000006     32
020 A000007 MERRILL LYNCH, PIERCE, FENNER AND SMITH, INC.
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<PAGE>      PAGE  3
020 A000008 ROBERTSON, STEPHENS & CO., L.P.
020 B000008 94-2524501
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020 A000009 MORGAN (J.P.) SECURITIES, INC.
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020 A000010 GOLDMAN SACHS & CO.
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022 A000004 MERRILL LYNCH, PIERCE, FENNER & SMITH, INC.
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022 A000005 CS FIRST BOSTON CORP.
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022 C000005    136185
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022 C000007     47337
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022 A000008 BANKERS TRUST COMPANY
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022 C000008     35711
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<PAGE>      PAGE  4
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<PAGE>      PAGE  5
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<PAGE>      PAGE  6
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<PAGE>      PAGE  7
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<PAGE>      PAGE  8
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<PAGE>      PAGE  9
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<PAGE>      PAGE  10
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<PAGE>      PAGE  11
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<PAGE>      PAGE  12
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<PAGE>      PAGE  13
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<PAGE>      PAGE  14
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<PAGE>      PAGE  15
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<PAGE>      PAGE  16
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<PAGE>      PAGE  17
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<PAGE>      PAGE  18
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049  000400 N
050  000400 N
051  000400 N
052  000400 N
053 A000400 N
062 A000400 N
062 B000400   0.0
<PAGE>      PAGE  19
062 C000400   0.0
062 D000400   0.0
062 E000400   0.0
062 F000400   0.0
062 G000400   0.0
062 H000400   0.0
062 I000400   0.0
062 J000400   0.0
062 K000400   0.0
062 L000400   0.0
062 M000400   0.0
062 N000400   0.0
062 O000400   0.0
062 P000400   0.0
062 Q000400   0.0
062 R000400   0.0
063 A000400   0
063 B000400  0.0
066 A000400 Y
066 B000400 N
066 C000400 N
066 D000400 Y
066 E000400 N
066 F000400 N
066 G000400 N
067  000400 N
068 A000400 N
068 B000400 N
069  000400 N
070 A010400 Y
070 A020400 N
070 B010400 N
070 B020400 N
070 C010400 N
070 C020400 N
070 D010400 N
070 D020400 N
070 E010400 N
070 E020400 N
070 F010400 N
070 F020400 N
070 G010400 N
070 G020400 N
070 H010400 N
070 H020400 N
070 I010400 N
070 I020400 N
070 J010400 Y
070 J020400 N
070 K010400 N
070 K020400 N
<PAGE>      PAGE  20
070 L010400 N
070 L020400 N
070 M010400 N
070 M020400 N
070 N010400 N
070 N020400 N
070 O010400 Y
070 O020400 N
070 P010400 Y
070 P020400 N
070 Q010400 N
070 Q020400 N
070 R010400 Y
070 R020400 N
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<PAGE>      PAGE  21
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074 F000400   750592
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<PAGE>      PAGE  22
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050  000500 N
051  000500 N
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<PAGE>      PAGE  23
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063 B000500 13.6
064 A000500 N
064 B000500 N
066 A000500 N
067  000500 N
068 A000500 N
068 B000500 N
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070 A010500 Y
070 A020500 N
070 B010500 N
070 B020500 N
070 C010500 N
070 C020500 N
070 D010500 N
070 D020500 N
070 E010500 N
070 E020500 N
070 F010500 N
070 F020500 N
070 G010500 N
070 G020500 N
070 H010500 N
070 H020500 N
070 I010500 N
070 I020500 N
070 J010500 Y
070 J020500 N
070 K010500 N
070 K020500 N
070 L010500 Y
070 L020500 N
070 M010500 Y
070 M020500 N
070 N010500 Y
070 N020500 N
070 O010500 Y
<PAGE>      PAGE  24
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<PAGE>      PAGE  25
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074 R030500        0
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074 S000500        0
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<PAGE>      PAGE  26
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048 I020600 0.000
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048 K010600    30000
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049  000600 N
050  000600 N
051  000600 N
052  000600 N
053 A000600 N
062 A000600 N
062 B000600   0.0
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062 D000600   0.0
062 E000600   0.0
062 F000600   0.0
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062 I000600   0.0
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<PAGE>      PAGE  27
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062 Q000600   0.0
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063 B000600  0.0
066 A000600 Y
066 B000600 N
066 C000600 N
066 D000600 N
066 E000600 N
066 F000600 N
066 G000600 Y
067  000600 N
068 A000600 N
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069  000600 N
070 A010600 Y
070 A020600 N
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070 B020600 N
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070 D020600 N
070 E010600 Y
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070 F010600 Y
070 F020600 N
070 G010600 Y
070 G020600 N
070 H010600 Y
070 H020600 N
070 I010600 N
070 I020600 N
070 J010600 Y
070 J020600 N
070 K010600 N
070 K020600 N
070 L010600 Y
070 L020600 N
070 M010600 Y
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070 N010600 Y
070 N020600 N
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070 O020600 N
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<PAGE>      PAGE  28
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<PAGE>      PAGE  29
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<PAGE>      PAGE  30
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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   PETER SUTTON                                 
TITLE       VICE PRESIDENT      
 


<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000814150
<NAME> ANCHOR PATHWAY FUNDS
<SERIES>
   <NUMBER> 01
   <NAME> CASH MANAGEMENT
       
<S>                             <C>
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          NOV-30-1996
<PERIOD-START>                             DEC-01-1995
<PERIOD-END>                               MAY-31-1996
<INVESTMENTS-AT-COST>                           90,066
<INVESTMENTS-AT-VALUE>                          90,066
<RECEIVABLES>                                      135
<ASSETS-OTHER>                                       0
<OTHER-ITEMS-ASSETS>                               150
<TOTAL-ASSETS>                                  90,351
<PAYABLE-FOR-SECURITIES>                             0
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                          923
<TOTAL-LIABILITIES>                                923
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                        87,048
<SHARES-COMMON-STOCK>                            8,049
<SHARES-COMMON-PRIOR>                            8,662
<ACCUMULATED-NII-CURRENT>                        2,381
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                            (1)
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                             0
<NET-ASSETS>                                    89,428
<DIVIDEND-INCOME>                                    0
<INTEREST-INCOME>                                2,674
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                     286
<NET-INVESTMENT-INCOME>                          2,388
<REALIZED-GAINS-CURRENT>                             0
<APPREC-INCREASE-CURRENT>                            0
<NET-CHANGE-FROM-OPS>                            2,388
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                        7,520
<DISTRIBUTIONS-OF-GAINS>                             1
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                         10,082
<NUMBER-OF-SHARES-REDEEMED>                     11,378
<SHARES-REINVESTED>                                683
<NET-CHANGE-IN-ASSETS>                        (11,444)
<ACCUMULATED-NII-PRIOR>                          7,513
<ACCUMULATED-GAINS-PRIOR>                            0
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                              259
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                    286
<AVERAGE-NET-ASSETS>                            97,479
<PER-SHARE-NAV-BEGIN>                            11.65
<PER-SHARE-NII>                                    .28
<PER-SHARE-GAIN-APPREC>                              0
<PER-SHARE-DIVIDEND>                               .82
<PER-SHARE-DISTRIBUTIONS>                            0
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              11.11
<EXPENSE-RATIO>                                    .59
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        

</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000814150
<NAME> ANCHOR PATHWAY FUNDS
<SERIES>
   <NUMBER> 02
   <NAME> HIGH YIELD
       
<S>                             <C>
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          NOV-30-1996
<PERIOD-START>                             DEC-01-1995
<PERIOD-END>                               MAY-31-1996
<INVESTMENTS-AT-COST>                          124,105
<INVESTMENTS-AT-VALUE>                         126,387
<RECEIVABLES>                                    2,812
<ASSETS-OTHER>                                       0
<OTHER-ITEMS-ASSETS>                                78
<TOTAL-ASSETS>                                 129,277
<PAYABLE-FOR-SECURITIES>                           817
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                          294
<TOTAL-LIABILITIES>                              1,111
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                       122,287
<SHARES-COMMON-STOCK>                           10,002
<SHARES-COMMON-PRIOR>                           10,773
<ACCUMULATED-NII-CURRENT>                        6,347
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                        (2,750)
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                         2,282
<NET-ASSETS>                                   128,166
<DIVIDEND-INCOME>                                    0
<INTEREST-INCOME>                                6,759
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                     406
<NET-INVESTMENT-INCOME>                          6,353
<REALIZED-GAINS-CURRENT>                           785
<APPREC-INCREASE-CURRENT>                          539
<NET-CHANGE-FROM-OPS>                            7,677
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                       13,970
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                          1,105
<NUMBER-OF-SHARES-REDEEMED>                      2,979
<SHARES-REINVESTED>                              1,103
<NET-CHANGE-IN-ASSETS>                        (18,424)
<ACCUMULATED-NII-PRIOR>                         13,964
<ACCUMULATED-GAINS-PRIOR>                      (3,535)
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                              360
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                    406
<AVERAGE-NET-ASSETS>                           137,883
<PER-SHARE-NAV-BEGIN>                            13.61
<PER-SHARE-NII>                                    .62
<PER-SHARE-GAIN-APPREC>                            .11
<PER-SHARE-DIVIDEND>                              1.53
<PER-SHARE-DISTRIBUTIONS>                            0
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              12.81
<EXPENSE-RATIO>                                    .59
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        

</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000814150
<NAME> ANCHOR PATHWAY FUNDS
<SERIES>
   <NUMBER> 03
   <NAME> GROWTH-INCOME SERIES
       
<S>                             <C>
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          NOV-30-1996
<PERIOD-START>                             DEC-01-1995
<PERIOD-END>                               MAY-31-1996
<INVESTMENTS-AT-COST>                          645,132
<INVESTMENTS-AT-VALUE>                         902,957
<RECEIVABLES>                                    3,573
<ASSETS-OTHER>                                       1
<OTHER-ITEMS-ASSETS>                               132
<TOTAL-ASSETS>                                 906,663
<PAYABLE-FOR-SECURITIES>                         3,552
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                        1,188
<TOTAL-LIABILITIES>                              4,740
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                       585,066
<SHARES-COMMON-STOCK>                           28,353
<SHARES-COMMON-PRIOR>                           27,885
<ACCUMULATED-NII-CURRENT>                        9,543
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                         49,489
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                       257,825
<NET-ASSETS>                                   901,923
<DIVIDEND-INCOME>                                9,631
<INTEREST-INCOME>                                2,382
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                   2,462
<NET-INVESTMENT-INCOME>                          9,551
<REALIZED-GAINS-CURRENT>                        49,735
<APPREC-INCREASE-CURRENT>                       24,583
<NET-CHANGE-FROM-OPS>                           83,869
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                       20,695
<DISTRIBUTIONS-OF-GAINS>                        55,955
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                          1,187
<NUMBER-OF-SHARES-REDEEMED>                      3,181
<SHARES-REINVESTED>                              2,462
<NET-CHANGE-IN-ASSETS>                          19,780
<ACCUMULATED-NII-PRIOR>                         20,687
<ACCUMULATED-GAINS-PRIOR>                       55,709
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                            2,256
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                  2,462
<AVERAGE-NET-ASSETS>                           896,330
<PER-SHARE-NAV-BEGIN>                            31.64
<PER-SHARE-NII>                                    .34
<PER-SHARE-GAIN-APPREC>                           2.70
<PER-SHARE-DIVIDEND>                               .77
<PER-SHARE-DISTRIBUTIONS>                         2.10
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              31.81
<EXPENSE-RATIO>                                    .55
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        

</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000814150
<NAME> ANCHOR PATHWAY FUNDS
<SERIES>
   <NUMBER> 04
   <NAME> GROWTH SERIES
       
<S>                             <C>
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          NOV-30-1996
<PERIOD-START>                             DEC-01-1995
<PERIOD-END>                               MAY-31-1996
<INVESTMENTS-AT-COST>                          592,197
<INVESTMENTS-AT-VALUE>                         859,984
<RECEIVABLES>                                   10,937
<ASSETS-OTHER>                                       1
<OTHER-ITEMS-ASSETS>                               114
<TOTAL-ASSETS>                                 871,036
<PAYABLE-FOR-SECURITIES>                         1,881
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                        1,105
<TOTAL-LIABILITIES>                              2,986
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                       522,158
<SHARES-COMMON-STOCK>                           22,233
<SHARES-COMMON-PRIOR>                           20,627
<ACCUMULATED-NII-CURRENT>                        2,205
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                         75,900
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                       267,787
<NET-ASSETS>                                   868,050
<DIVIDEND-INCOME>                                2,512
<INTEREST-INCOME>                                2,085
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                   2,385
<NET-INVESTMENT-INCOME>                          2,212
<REALIZED-GAINS-CURRENT>                        75,954
<APPREC-INCREASE-CURRENT>                     (34,331)
<NET-CHANGE-FROM-OPS>                           43,835
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                        5,500
<DISTRIBUTIONS-OF-GAINS>                       120,665
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                          2,531
<NUMBER-OF-SHARES-REDEEMED>                      4,286
<SHARES-REINVESTED>                              3,361
<NET-CHANGE-IN-ASSETS>                        (29,225)
<ACCUMULATED-NII-PRIOR>                          5,493
<ACCUMULATED-GAINS-PRIOR>                      120,611
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                            2,181
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                  2,385
<AVERAGE-NET-ASSETS>                           866,455
<PER-SHARE-NAV-BEGIN>                            43.50
<PER-SHARE-NII>                                    .10
<PER-SHARE-GAIN-APPREC>                           1.94
<PER-SHARE-DIVIDEND>                               .28
<PER-SHARE-DISTRIBUTIONS>                         6.22
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              39.04
<EXPENSE-RATIO>                                    .55
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        

</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000814150
<NAME> ANCHOR PATHWAY FUNDS
<SERIES>
   <NUMBER> 05
   <NAME> U.S. GOV'T/AAA
       
<S>                             <C>
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          NOV-30-1996
<PERIOD-START>                             DEC-01-1995
<PERIOD-END>                               MAY-31-1996
<INVESTMENTS-AT-COST>                          119,856
<INVESTMENTS-AT-VALUE>                         117,896
<RECEIVABLES>                                    1,430
<ASSETS-OTHER>                                       0
<OTHER-ITEMS-ASSETS>                               106
<TOTAL-ASSETS>                                 119,432
<PAYABLE-FOR-SECURITIES>                         1,967
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                          178
<TOTAL-LIABILITIES>                              2,145
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                       116,700
<SHARES-COMMON-STOCK>                           10,919
<SHARES-COMMON-PRIOR>                           11,262
<ACCUMULATED-NII-CURRENT>                        4,498
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                        (1,951)
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                       (1,960)
<NET-ASSETS>                                   117,287
<DIVIDEND-INCOME>                                    0
<INTEREST-INCOME>                                4,882
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                     376
<NET-INVESTMENT-INCOME>                          4,506
<REALIZED-GAINS-CURRENT>                         (141)
<APPREC-INCREASE-CURRENT>                      (6,246)
<NET-CHANGE-FROM-OPS>                          (1,881)
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                     (11,160)
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                            641
<NUMBER-OF-SHARES-REDEEMED>                      2,014
<SHARES-REINVESTED>                              1,030
<NET-CHANGE-IN-ASSETS>                        (17,651)
<ACCUMULATED-NII-PRIOR>                         11,152
<ACCUMULATED-GAINS-PRIOR>                      (1,810)
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                              335
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                    376
<AVERAGE-NET-ASSETS>                           127,878
<PER-SHARE-NAV-BEGIN>                            11.98
<PER-SHARE-NII>                                    .41
<PER-SHARE-GAIN-APPREC>                          (.59)
<PER-SHARE-DIVIDEND>                            (1.06)
<PER-SHARE-DISTRIBUTIONS>                            0
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              10.74
<EXPENSE-RATIO>                                    .59
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        

</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000814150
<NAME> ANCHOR PATHWAY FUNDS
<SERIES>
   <NUMBER> 06
   <NAME> ASSET ALLOCATION
       
<S>                             <C>
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          NOV-30-1996
<PERIOD-START>                             DEC-01-1995
<PERIOD-END>                               MAY-31-1996
<INVESTMENTS-AT-COST>                          131,440
<INVESTMENTS-AT-VALUE>                         152,843
<RECEIVABLES>                                      977
<ASSETS-OTHER>                                       0
<OTHER-ITEMS-ASSETS>                                77
<TOTAL-ASSETS>                                 153,897
<PAYABLE-FOR-SECURITIES>                           876
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                          136
<TOTAL-LIABILITIES>                              1,012
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                       118,130
<SHARES-COMMON-STOCK>                           10,445
<SHARES-COMMON-PRIOR>                           10,057
<ACCUMULATED-NII-CURRENT>                        2,999
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                         10,353
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                        21,403
<NET-ASSETS>                                   152,885
<DIVIDEND-INCOME>                                1,321
<INTEREST-INCOME>                                2,136
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                     450
<NET-INVESTMENT-INCOME>                          3,007
<REALIZED-GAINS-CURRENT>                        10,365
<APPREC-INCREASE-CURRENT>                      (2,117)
<NET-CHANGE-FROM-OPS>                           11,255
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                        5,985
<DISTRIBUTIONS-OF-GAINS>                        10,955
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                            594
<NUMBER-OF-SHARES-REDEEMED>                      1,383
<SHARES-REINVESTED>                              1,177
<NET-CHANGE-IN-ASSETS>                           (723)
<ACCUMULATED-NII-PRIOR>                          5,977
<ACCUMULATED-GAINS-PRIOR>                       10,943
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                              400
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                    450
<AVERAGE-NET-ASSETS>                           154,180
<PER-SHARE-NAV-BEGIN>                            15.27
<PER-SHARE-NII>                                    .30
<PER-SHARE-GAIN-APPREC>                            .84
<PER-SHARE-DIVIDEND>                               .63
<PER-SHARE-DISTRIBUTIONS>                         1.14
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              14.64
<EXPENSE-RATIO>                                    .58
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        

</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000814150
<NAME> ANCHOR PATHWAY FUNDS
<SERIES>
   <NUMBER> 07
   <NAME> INTERNATIONAL
       
<S>                             <C>
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          NOV-30-1996
<PERIOD-START>                             DEC-01-1995
<PERIOD-END>                               MAY-31-1996
<INVESTMENTS-AT-COST>                          191,620
<INVESTMENTS-AT-VALUE>                         238,756
<RECEIVABLES>                                    1,171
<ASSETS-OTHER>                                       0
<OTHER-ITEMS-ASSETS>                               425
<TOTAL-ASSETS>                                 240,352
<PAYABLE-FOR-SECURITIES>                             0
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                          659
<TOTAL-LIABILITIES>                                659
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                       183,807
<SHARES-COMMON-STOCK>                           16,629
<SHARES-COMMON-PRIOR>                           16,407
<ACCUMULATED-NII-CURRENT>                        2,270
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                          6,479
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                        47,137
<NET-ASSETS>                                   239,693
<DIVIDEND-INCOME>                                2,641
<INTEREST-INCOME>                                  836
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                   1,203
<NET-INVESTMENT-INCOME>                          2,274
<REALIZED-GAINS-CURRENT>                         6,488
<APPREC-INCREASE-CURRENT>                       12,180
<NET-CHANGE-FROM-OPS>                           20,942
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                        7,250
<DISTRIBUTIONS-OF-GAINS>                         4,980
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                          2,437
<NUMBER-OF-SHARES-REDEEMED>                      3,095
<SHARES-REINVESTED>                                880
<NET-CHANGE-IN-ASSETS>                          11,559
<ACCUMULATED-NII-PRIOR>                          7,246
<ACCUMULATED-GAINS-PRIOR>                        4,971
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                              981
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                  1,203
<AVERAGE-NET-ASSETS>                           233,496
<PER-SHARE-NAV-BEGIN>                            13.90
<PER-SHARE-NII>                                    .14
<PER-SHARE-GAIN-APPREC>                           1.14
<PER-SHARE-DIVIDEND>                               .46
<PER-SHARE-DISTRIBUTIONS>                          .31
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              14.41
<EXPENSE-RATIO>                                   1.03
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        

</TABLE>


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