<PAGE> PAGE 1
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<PAGE> PAGE 2
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<PAGE> PAGE 3
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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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<PAGE> PAGE 19
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<PAGE> PAGE 20
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<PAGE> PAGE 21
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<PAGE> PAGE 22
025 A000502 DELETE
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<PAGE> PAGE 23
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<PAGE> PAGE 24
066 C000500 N
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070 E020500 N
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070 F020500 N
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070 I020500 N
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070 J020500 N
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<PAGE> PAGE 25
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<PAGE> PAGE 26
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025 B000601 13-3216325
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<PAGE> PAGE 27
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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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024 000700 N
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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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<PAGE> PAGE 34
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SIGNATURE DAVID LAFFERTY
TITLE ANALYST II
[ARTICLE] 6
[CIK] 0000814883
[NAME] CHUBB CAPITAL APPRECIATION FUND
[SERIES]
[NUMBER] 6
[NAME] CHUBB INVESTMENT FUNDS
<TABLE>
<S> <C>
[PERIOD-TYPE] 6-MOS
[FISCAL-YEAR-END] DEC-31-1997
[PERIOD-END] JUN-30-1997
[INVESTMENTS-AT-COST] 7864732
[INVESTMENTS-AT-VALUE] 9897711
[RECEIVABLES] 19108
[ASSETS-OTHER] 439644
[OTHER-ITEMS-ASSETS] 8633
[TOTAL-ASSETS] 10365096
[PAYABLE-FOR-SECURITIES] 0
[SENIOR-LONG-TERM-DEBT] 0
[OTHER-ITEMS-LIABILITIES] 33872
[TOTAL-LIABILITIES] 33872
[SENIOR-EQUITY] 0
[PAID-IN-CAPITAL-COMMON] 7918416
[SHARES-COMMON-STOCK] 678541
[SHARES-COMMON-PRIOR] 495668
[ACCUMULATED-NII-CURRENT] 18584
[OVERDISTRIBUTION-NII] 0
[ACCUMULATED-NET-GAINS] 361245
[OVERDISTRIBUTION-GAINS] 0
[ACCUM-APPREC-OR-DEPREC] 2032979
[NET-ASSETS] 10331224
[DIVIDEND-INCOME] 66097
[INTEREST-INCOME] 6737
[OTHER-INCOME] 0
[EXPENSES-NET] 54250
[NET-INVESTMENT-INCOME] 18584
[REALIZED-GAINS-CURRENT] 361245
[APPREC-INCREASE-CURRENT] 1168953
[NET-CHANGE-FROM-OPS] 1548782
[EQUALIZATION] 0
[DISTRIBUTIONS-OF-INCOME] 0
[DISTRIBUTIONS-OF-GAINS] 105557
[DISTRIBUTIONS-OTHER] 0
[NUMBER-OF-SHARES-SOLD] 223899
[NUMBER-OF-SHARES-REDEEMED] 49003
[SHARES-REINVESTED] 7977
[NET-CHANGE-IN-ASSETS] 3890653
[ACCUMULATED-NII-PRIOR] 0
[ACCUMULATED-GAINS-PRIOR] 105557
[OVERDISTRIB-NII-PRIOR] 0
[OVERDIST-NET-GAINS-PRIOR] 0
[GROSS-ADVISORY-FEES] 8746
[INTEREST-EXPENSE] 0
[GROSS-EXPENSE] 73984
[AVERAGE-NET-ASSETS] 8743912
[PER-SHARE-NAV-BEGIN] 12.99
[PER-SHARE-NII] .03
[PER-SHARE-GAIN-APPREC] 2.37
[PER-SHARE-DIVIDEND] 0
[PER-SHARE-DISTRIBUTIONS] .16
[RETURNS-OF-CAPITAL] 0
[PER-SHARE-NAV-END] 15.23
[EXPENSE-RATIO] 1.25
[AVG-DEBT-OUTSTANDING] 0
[AVG-DEBT-PER-SHARE] 0
</TABLE>
[ARTICLE] 6
[CIK] 0000814883
[NAME] CHUBB GROWTH & INCOME FUND
[SERIES]
[NUMBER] 5
[NAME] CHUBB INVESTMENT FUNDS
<TABLE>
<S> <C>
[PERIOD-TYPE] 6-MOS
[FISCAL-YEAR-END] DEC-31-1997
[PERIOD-END] JUN-30-1997
[INVESTMENTS-AT-COST] 32136573
[INVESTMENTS-AT-VALUE] 47411403
[RECEIVABLES] 71484
[ASSETS-OTHER] 366519
[OTHER-ITEMS-ASSETS] 51
[TOTAL-ASSETS] 47849457
[PAYABLE-FOR-SECURITIES] 0
[SENIOR-LONG-TERM-DEBT] 0
[OTHER-ITEMS-LIABILITIES] 170531
[TOTAL-LIABILITIES] 170531
[SENIOR-EQUITY] 0
[PAID-IN-CAPITAL-COMMON] 31920023
[SHARES-COMMON-STOCK] 1940009
[SHARES-COMMON-PRIOR] 1914289
[ACCUMULATED-NII-CURRENT] 121401
[OVERDISTRIBUTION-NII] 0
[ACCUMULATED-NET-GAINS] 362672
[OVERDISTRIBUTION-GAINS] 0
[ACCUM-APPREC-OR-DEPREC] 15274830
[NET-ASSETS] 47678926
[DIVIDEND-INCOME] 374169
[INTEREST-INCOME] 15885
[OTHER-INCOME] 106
[EXPENSES-NET] 268759
[NET-INVESTMENT-INCOME] 121401
[REALIZED-GAINS-CURRENT] 362672
[APPREC-INCREASE-CURRENT] 6832357
[NET-CHANGE-FROM-OPS] 7316430
[EQUALIZATION] 0
[DISTRIBUTIONS-OF-INCOME] 0
[DISTRIBUTIONS-OF-GAINS] 449897
[DISTRIBUTIONS-OTHER] 0
[NUMBER-OF-SHARES-SOLD] 215391
[NUMBER-OF-SHARES-REDEEMED] 210375
[SHARES-REINVESTED] 20704
[NET-CHANGE-IN-ASSETS] 7397077
[ACCUMULATED-NII-PRIOR] 0
[ACCUMULATED-GAINS-PRIOR] 449897
[OVERDISTRIB-NII-PRIOR] 0
[OVERDIST-NET-GAINS-PRIOR] 0
[GROSS-ADVISORY-FEES] 43352
[INTEREST-EXPENSE] 0
[GROSS-EXPENSE] 338848
[AVERAGE-NET-ASSETS] 43336156
[PER-SHARE-NAV-BEGIN] 21.04
[PER-SHARE-NII] .06
[PER-SHARE-GAIN-APPREC] 3.71
[PER-SHARE-DIVIDEND] 0
[PER-SHARE-DISTRIBUTIONS] .23
[RETURNS-OF-CAPITAL] 0
[PER-SHARE-NAV-END] 24.58
[EXPENSE-RATIO] 1.25
[AVG-DEBT-OUTSTANDING] 0
[AVG-DEBT-PER-SHARE] 0
</TABLE>
[ARTICLE] 6
[CIK] 0000814883
[NAME] CHUBB GLOBAL INCOME FUND
[SERIES]
[NUMBER] 7
[NAME] CHUBB INVESTMENT FUNDS
<TABLE>
<S> <C>
[PERIOD-TYPE] 6-MOS
[FISCAL-YEAR-END] DEC-31-1997
[PERIOD-END] JUN-30-1997
[INVESTMENTS-AT-COST] 10560946
[INVESTMENTS-AT-VALUE] 10324530
[RECEIVABLES] 795301
[ASSETS-OTHER] 944724
[OTHER-ITEMS-ASSETS] 0
[TOTAL-ASSETS] 12064555
[PAYABLE-FOR-SECURITIES] 0
[SENIOR-LONG-TERM-DEBT] 0
[OTHER-ITEMS-LIABILITIES] 46426
[TOTAL-LIABILITIES] 46426
[SENIOR-EQUITY] 0
[PAID-IN-CAPITAL-COMMON] 12103286
[SHARES-COMMON-STOCK] 1215908
[SHARES-COMMON-PRIOR] 1193895
[ACCUMULATED-NII-CURRENT] 42171
[OVERDISTRIBUTION-NII] 0
[ACCUMULATED-NET-GAINS] 138108
[OVERDISTRIBUTION-GAINS] 0
[ACCUM-APPREC-OR-DEPREC] (265436)
[NET-ASSETS] 12018129
[DIVIDEND-INCOME] 0
[INTEREST-INCOME] 395192
[OTHER-INCOME] 0
[EXPENSES-NET] 81736
[NET-INVESTMENT-INCOME] 313456
[REALIZED-GAINS-CURRENT] 262582
[APPREC-INCREASE-CURRENT] (605393)
[NET-CHANGE-FROM-OPS] (29355)
[EQUALIZATION] 0
[DISTRIBUTIONS-OF-INCOME] 313456
[DISTRIBUTIONS-OF-GAINS] 80582
[DISTRIBUTIONS-OTHER] 0
[NUMBER-OF-SHARES-SOLD] 11689
[NUMBER-OF-SHARES-REDEEMED] 29732
[SHARES-REINVESTED] 40056
[NET-CHANGE-IN-ASSETS] (208749)
[ACCUMULATED-NII-PRIOR] 969
[ACCUMULATED-GAINS-PRIOR] 80582
[OVERDISTRIB-NII-PRIOR] 0
[OVERDIST-NET-GAINS-PRIOR] 83272
[GROSS-ADVISORY-FEES] 11903
[INTEREST-EXPENSE] 0
[GROSS-EXPENSE] 94515
[AVERAGE-NET-ASSETS] 11900134
[PER-SHARE-NAV-BEGIN] 10.24
[PER-SHARE-NII] .26
[PER-SHARE-GAIN-APPREC] (.29)
[PER-SHARE-DIVIDEND] .26
[PER-SHARE-DISTRIBUTIONS] .07
[RETURNS-OF-CAPITAL] 0
[PER-SHARE-NAV-END] 9.88
[EXPENSE-RATIO] 1.35
[AVG-DEBT-OUTSTANDING] 0
[AVG-DEBT-PER-SHARE] 0
</TABLE>
[ARTICLE] 6
[CIK] 0000814883
[NAME] CHUBB GOVERNMENT SECURITIES FUND
[SERIES]
[NUMBER] 2
[NAME] CHUBB INVESTMENT FUNDS
<TABLE>
<S> <C>
[PERIOD-TYPE] 6-MOS
[FISCAL-YEAR-END] DEC-31-1997
[PERIOD-END] JUN-30-1997
[INVESTMENTS-AT-COST] 11487711
[INVESTMENTS-AT-VALUE] 11507569
[RECEIVABLES] 96342
[ASSETS-OTHER] 112969
[OTHER-ITEMS-ASSETS] 0
[TOTAL-ASSETS] 11716880
[PAYABLE-FOR-SECURITIES] 0
[SENIOR-LONG-TERM-DEBT] 0
[OTHER-ITEMS-LIABILITIES] 31261
[TOTAL-LIABILITIES] 31261
[SENIOR-EQUITY] 0
[PAID-IN-CAPITAL-COMMON] 12092978
[SHARES-COMMON-STOCK] 1116103
[SHARES-COMMON-PRIOR] 1222744
[ACCUMULATED-NII-CURRENT] 0
[OVERDISTRIBUTION-NII] 0
[ACCUMULATED-NET-GAINS] (427217)
[OVERDISTRIBUTION-GAINS] 0
[ACCUM-APPREC-OR-DEPREC] 19858
[NET-ASSETS] 11685619
[DIVIDEND-INCOME] 0
[INTEREST-INCOME] 425625
[OTHER-INCOME] 0
[EXPENSES-NET] 60332
[NET-INVESTMENT-INCOME] 365293
[REALIZED-GAINS-CURRENT] (7533)
[APPREC-INCREASE-CURRENT] (19454)
[NET-CHANGE-FROM-OPS] 338306
[EQUALIZATION] 0
[DISTRIBUTIONS-OF-INCOME] 365293
[DISTRIBUTIONS-OF-GAINS] 0
[DISTRIBUTIONS-OTHER] 0
[NUMBER-OF-SHARES-SOLD] 71668
[NUMBER-OF-SHARES-REDEEMED] 207600
[SHARES-REINVESTED] 29291
[NET-CHANGE-IN-ASSETS] (1132831)
[ACCUMULATED-NII-PRIOR] 0
[ACCUMULATED-GAINS-PRIOR] (419684)
[OVERDISTRIB-NII-PRIOR] 0
[OVERDIST-NET-GAINS-PRIOR] 0
[GROSS-ADVISORY-FEES] 12173
[INTEREST-EXPENSE] 0
[GROSS-EXPENSE] 97264
[AVERAGE-NET-ASSETS] 12168720
[PER-SHARE-NAV-BEGIN] 10.48
[PER-SHARE-NII] .31
[PER-SHARE-GAIN-APPREC] (.01)
[PER-SHARE-DIVIDEND] .31
[PER-SHARE-DISTRIBUTIONS] 0
[RETURNS-OF-CAPITAL] 0
[PER-SHARE-NAV-END] 10.47
[EXPENSE-RATIO] 1.00
[AVG-DEBT-OUTSTANDING] 0
[AVG-DEBT-PER-SHARE] 0
</TABLE>
[ARTICLE] 6
[CIK] 0000814883
[NAME] CHUBB MONEY MARKET FUND
[SERIES]
[NUMBER] 1
[NAME] CHUBB INVESTMENT FUNDS
<TABLE>
<S> <C>
[PERIOD-TYPE] 6-MOS
[FISCAL-YEAR-END] DEC-31-1997
[PERIOD-END] JUN-30-1997
[INVESTMENTS-AT-COST] 8994621
[INVESTMENTS-AT-VALUE] 8994621
[RECEIVABLES] 662
[ASSETS-OTHER] 93787
[OTHER-ITEMS-ASSETS] 0
[TOTAL-ASSETS] 9089070
[PAYABLE-FOR-SECURITIES] 0
[SENIOR-LONG-TERM-DEBT] 0
[OTHER-ITEMS-LIABILITIES] 86209
[TOTAL-LIABILITIES] 86209
[SENIOR-EQUITY] 0
[PAID-IN-CAPITAL-COMMON] 9003798
[SHARES-COMMON-STOCK] 9003801
[SHARES-COMMON-PRIOR] 8854862
[ACCUMULATED-NII-CURRENT] 0
[OVERDISTRIBUTION-NII] 0
[ACCUMULATED-NET-GAINS] (937)
[OVERDISTRIBUTION-GAINS] 0
[ACCUM-APPREC-OR-DEPREC] 0
[NET-ASSETS] 9002861
[DIVIDEND-INCOME] 0
[INTEREST-INCOME] 240618
[OTHER-INCOME] 0
[EXPENSES-NET] 22987
[NET-INVESTMENT-INCOME] 217631
[REALIZED-GAINS-CURRENT] (94)
[APPREC-INCREASE-CURRENT] 0
[NET-CHANGE-FROM-OPS] 217537
[EQUALIZATION] 0
[DISTRIBUTIONS-OF-INCOME] 217631
[DISTRIBUTIONS-OF-GAINS] 0
[DISTRIBUTIONS-OTHER] 0
[NUMBER-OF-SHARES-SOLD] 6355621
[NUMBER-OF-SHARES-REDEEMED] 6406814
[SHARES-REINVESTED] 200132
[NET-CHANGE-IN-ASSETS] 148845
[ACCUMULATED-NII-PRIOR] 0
[ACCUMULATED-GAINS-PRIOR] (843)
[OVERDISTRIB-NII-PRIOR] 0
[OVERDIST-NET-GAINS-PRIOR] 0
[GROSS-ADVISORY-FEES] 6954
[INTEREST-EXPENSE] 0
[GROSS-EXPENSE] 65359
[AVERAGE-NET-ASSETS] 9271405
[PER-SHARE-NAV-BEGIN] 1.00
[PER-SHARE-NII] .02
[PER-SHARE-GAIN-APPREC] 0
[PER-SHARE-DIVIDEND] .02
[PER-SHARE-DISTRIBUTIONS] 0
[RETURNS-OF-CAPITAL] 0
[PER-SHARE-NAV-END] 1.00
[EXPENSE-RATIO] .50
[AVG-DEBT-OUTSTANDING] 0
[AVG-DEBT-PER-SHARE] 0
</TABLE>
[ARTICLE] 6
[CIK] 0000814883
[NAME] CHUBB TAX-EXEMPT FUND
[SERIES]
[NUMBER] 4
[NAME] CHUBB INVESTMENT FUNDS
<TABLE>
<S> <C>
[PERIOD-TYPE] 6-MOS
[FISCAL-YEAR-END] DEC-31-1997
[PERIOD-END] JUN-30-1997
[INVESTMENTS-AT-COST] 12593684
[INVESTMENTS-AT-VALUE] 13333576
[RECEIVABLES] 218664
[ASSETS-OTHER] 125938
[OTHER-ITEMS-ASSETS] 0
[TOTAL-ASSETS] 13678178
[PAYABLE-FOR-SECURITIES] 0
[SENIOR-LONG-TERM-DEBT] 0
[OTHER-ITEMS-LIABILITIES] 12430
[TOTAL-LIABILITIES] 12430
[SENIOR-EQUITY] 0
[PAID-IN-CAPITAL-COMMON] 12866935
[SHARES-COMMON-STOCK] 1120505
[SHARES-COMMON-PRIOR] 1239556
[ACCUMULATED-NII-CURRENT] 0
[OVERDISTRIBUTION-NII] 0
[ACCUMULATED-NET-GAINS] 58921
[OVERDISTRIBUTION-GAINS] 0
[ACCUM-APPREC-OR-DEPREC] 739892
[NET-ASSETS] 13665748
[DIVIDEND-INCOME] 0
[INTEREST-INCOME] 429754
[OTHER-INCOME] 0
[EXPENSES-NET] 71598
[NET-INVESTMENT-INCOME] 358156
[REALIZED-GAINS-CURRENT] 58958
[APPREC-INCREASE-CURRENT] (9011)
[NET-CHANGE-FROM-OPS] 408103
[EQUALIZATION] 0
[DISTRIBUTIONS-OF-INCOME] 358156
[DISTRIBUTIONS-OF-GAINS] 0
[DISTRIBUTIONS-OTHER] 0
[NUMBER-OF-SHARES-SOLD] 96267
[NUMBER-OF-SHARES-REDEEMED] 240867
[SHARES-REINVESTED] 25549
[NET-CHANGE-IN-ASSETS] (1395634)
[ACCUMULATED-NII-PRIOR] 0
[ACCUMULATED-GAINS-PRIOR] 0
[OVERDISTRIB-NII-PRIOR] 0
[OVERDIST-NET-GAINS-PRIOR] 37
[GROSS-ADVISORY-FEES] 14448
[INTEREST-EXPENSE] 0
[GROSS-EXPENSE] 115627
[AVERAGE-NET-ASSETS] 14441609
[PER-SHARE-NAV-BEGIN] 12.15
[PER-SHARE-NII] .31
[PER-SHARE-GAIN-APPREC] .05
[PER-SHARE-DIVIDEND] .31
[PER-SHARE-DISTRIBUTIONS] 0
[RETURNS-OF-CAPITAL] 0
[PER-SHARE-NAV-END] 12.20
[EXPENSE-RATIO] 1.00
[AVG-DEBT-OUTSTANDING] 0
[AVG-DEBT-PER-SHARE] 0
</TABLE>
[ARTICLE] 6
[CIK] 0000814883
[NAME] CHUBB TOTAL RETURN FUND
[SERIES]
[NUMBER] 3
[NAME] CHUBB INVESTMENT FUNDS
<TABLE>
<S> <C>
[PERIOD-TYPE] 6-MOS
[FISCAL-YEAR-END] DEC-31-1997
[PERIOD-END] JUN-30-1997
[INVESTMENTS-AT-COST] 24396324
[INVESTMENTS-AT-VALUE] 33328307
[RECEIVABLES] 438576
[ASSETS-OTHER] 40360
[OTHER-ITEMS-ASSETS] 0
[TOTAL-ASSETS] 33807243
[PAYABLE-FOR-SECURITIES] 0
[SENIOR-LONG-TERM-DEBT] 0
[OTHER-ITEMS-LIABILITIES] 148982
[TOTAL-LIABILITIES] 148982
[SENIOR-EQUITY] 0
[PAID-IN-CAPITAL-COMMON] 24677465
[SHARES-COMMON-STOCK] 1724661
[SHARES-COMMON-PRIOR] 1784176
[ACCUMULATED-NII-CURRENT] 0
[OVERDISTRIBUTION-NII] 0
[ACCUMULATED-NET-GAINS] 48813
[OVERDISTRIBUTION-GAINS] 0
[ACCUM-APPREC-OR-DEPREC] 8931983
[NET-ASSETS] 33658261
[DIVIDEND-INCOME] 225307
[INTEREST-INCOME] 282589
[OTHER-INCOME] 106
[EXPENSES-NET] 198103
[NET-INVESTMENT-INCOME] 309899
[REALIZED-GAINS-CURRENT] 48813
[APPREC-INCREASE-CURRENT] 3831970
[NET-CHANGE-FROM-OPS] 4190682
[EQUALIZATION] 0
[DISTRIBUTIONS-OF-INCOME] 309899
[DISTRIBUTIONS-OF-GAINS] 181013
[DISTRIBUTIONS-OTHER] 0
[NUMBER-OF-SHARES-SOLD] 139153
[NUMBER-OF-SHARES-REDEEMED] 225285
[SHARES-REINVESTED] 26617
[NET-CHANGE-IN-ASSETS] 2594162
[ACCUMULATED-NII-PRIOR] 0
[ACCUMULATED-GAINS-PRIOR] 181013
[OVERDISTRIB-NII-PRIOR] 0
[OVERDIST-NET-GAINS-PRIOR] 0
[GROSS-ADVISORY-FEES] 31961
[INTEREST-EXPENSE] 0
[GROSS-EXPENSE] 250853
[AVERAGE-NET-ASSETS] 31949514
[PER-SHARE-NAV-BEGIN] 17.41
[PER-SHARE-NII] .18
[PER-SHARE-GAIN-APPREC] 2.21
[PER-SHARE-DIVIDEND] .18
[PER-SHARE-DISTRIBUTIONS] .10
[RETURNS-OF-CAPITAL] 0
[PER-SHARE-NAV-END] 19.52
[EXPENSE-RATIO] 1.25
[AVG-DEBT-OUTSTANDING] 0
[AVG-DEBT-PER-SHARE] 0
</TABLE>
