<PAGE> PAGE 1
000 B000000 08/31/97
000 C000000 0000823344
000 D000000 N
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000 J000000 A
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002 A000000 500 BIELENBERG DRIVE
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002 D010000 55125
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007 C020100 ASSET ALLOCATION PORTFOLIO
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007 C020200 CAPITAL APPRECIATION PORTFOLIO
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007 C010400 4
007 C010500 5
007 C010600 6
007 C010700 7
007 C010800 8
007 C010900 9
007 C011000 10
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008 B00AA01 A
008 C00AA01 801-07877
008 D01AA01 WOODBURY
008 D02AA01 MN
008 D03AA01 55125
011 A00AA01 FORTIS INVESTORS, INC.
011 B00AA01 8-13846
011 C01AA01 WOODBURY
011 C02AA01 MN
011 C03AA01 55125
012 A00AA01 FORTIS ADVISERS, INC.
012 B00AA01 85-07877
012 C01AA01 WOODBURY
012 C02AA01 MN
<PAGE> PAGE 2
012 C03AA01 55125
013 A00AA01 KPMG PEAT MARWICK
013 B01AA01 MINNEAPOLIS
013 B02AA01 MN
013 B03AA01 55402
018 00AA00 Y
019 A00AA00 Y
019 B00AA00 29
019 C00AA00 FORTISFUND
020 A000001 BRIDGE TRADING CO.
020 B000001 43-1034850
020 C000001 9
020 A000002 BEAR, STEARNS & CO.
020 B000002 13-3299429
020 C000002 9
020 A000003 DEUTSCHE MORGAN GRENFELL, INC.
020 B000003 13-2730828
020 C000003 8
020 A000004 DONALDSON, LUFKIN & JENRETTE SECURITIES
020 B000004 13-2741729
020 C000004 8
020 A000005 MONTGOMERY SECURITIES
020 B000005 94-1701676
020 C000005 7
020 A000006 PAINE WEBBER, INC.
020 B000006 13-2638166
020 C000006 7
020 A000007 SCHRODER WERTHEIM & CO, INC.
020 B000007 13-2697272
020 C000007 7
020 A000008 INSTINET, INC.
020 B000008 13-2596491
020 C000008 6
020 A000009 GOLDMAN, SACHS & CO.
020 B000009 13-5108880
020 C000009 6
020 A000010 LAZARD FRERES & CO.
020 B000010 13-5545100
020 C000010 6
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022 C000002 207157
022 D000002 195323
022 A000003 BEAR, STEARNS & CO.
022 B000003 13-3299429
022 C000003 119605
<PAGE> PAGE 3
022 D000003 73789
022 A000004 LEHMAN BROTHERS, INC.
022 B000004 13-2518466
022 C000004 115611
022 D000004 26340
022 A000005 DONALDSON, LUFKIN & JENRETTE SECURITIES
022 B000005 13-2741729
022 C000005 65579
022 D000005 65740
022 A000006 J. P. MORGAN & CO., INC.
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022 C000006 44045
022 D000006 81353
022 A000007 FIRST UNION NATIONAL BANK
022 B000007 56-1529080
022 C000007 78516
022 D000007 40691
022 A000008 MENDHAM CAPITAL
022 B000008 22-3165996
022 C000008 24629
022 D000008 59170
022 A000009 NATIONS BANK
022 B000009 56-1684171
022 C000009 71396
022 D000009 11510
022 A000010 PAINE WEBBER, INC.
022 B000010 13-2638166
022 C000010 52872
022 D000010 25366
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054 C00AA00 Y
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054 E00AA00 N
<PAGE> PAGE 4
054 F00AA00 N
054 G00AA00 Y
054 H00AA00 Y
054 I00AA00 N
054 J00AA00 Y
054 K00AA00 N
054 L00AA00 Y
054 M00AA00 Y
054 N00AA00 N
054 O00AA00 N
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015 B000101 C
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015 C030101 55479
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015 E010102 X
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025 C000102 D
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025 B000103 13-2741729
025 C000103 D
025 D000103 3562
025 A000104 MERRILL LYNCH, PIERCE, FENNER & SMITH, INC.
<PAGE> PAGE 5
025 B000104 13-5674085
025 C000104 D
025 D000104 921
025 A000105 FIRST UNION NATIONAL BANK
025 B000105 56-1529080
025 C000105 D
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025 A000107 BEAR STEARNS & CO.
025 B000107 13-3299429
025 C000107 D
025 D000107 500
025 A000108 SALOMON BROTHERS, INC.
025 B000108 13-3082694
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<PAGE> PAGE 6
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<PAGE> PAGE 7
048 G010100 0
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066 D000100 N
066 E000100 N
066 F000100 N
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<PAGE> PAGE 8
069 000100 N
070 A010100 Y
070 A020100 Y
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070 E020100 N
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070 F020100 N
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070 G020100 N
070 H010100 Y
070 H020100 N
070 I010100 Y
070 I020100 N
070 J010100 Y
070 J020100 Y
070 K010100 Y
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070 L010100 Y
070 L020100 Y
070 M010100 Y
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070 R010100 N
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<PAGE> PAGE 9
072 K000100 13
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<PAGE> PAGE 10
074 U020100 1559
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080 A000100 ICI MUTUAL INSURANCE COMPANY
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015 A000201 NORWEST BANK MINNESOTA, N.A.
015 B000201 C
015 C010201 MINNEAPOLIS
015 C020201 MN
015 C030201 55479
015 E010201 X
015 A000202 FIRST TRUST COMPANY N.A.
015 B000202 S
015 C010202 ST. PAUL
015 C020202 MN
015 C030202 55164
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024 000200 Y
025 A000201 FIRST BANK (N.A.)
025 B000201 41-0256395
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<PAGE> PAGE 11
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<PAGE> PAGE 12
046 000200 N
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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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SIGNATURE TAMARA L. FAGELY
TITLE TREASURER
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE
STATEMENT OF ASSETS AND LIABILITIES, STATEMENT OF OPERATIONS, AND STATEMENT OF
CHANGES IN NET ASSETS FOUND ON PAGES 30 THROUGH 43 OF THE FORTIS STOCK FUNDS
ANNUAL SHAREHOLDER REPORT.
</LEGEND>
<CIK> 0000823344
<NAME> FORTIS ADVANTAGE PORTFOLIOS, INC.
<SERIES>
<NUMBER> 011
<NAME> FORTIS ASSET ALLOCATION PORTFOLIO (CLASS A)
<MULTIPLIER> 1
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> AUG-31-1997
<PERIOD-START> SEP-01-1996
<PERIOD-END> AUG-31-1997
<INVESTMENTS-AT-COST> 148,280,221
<INVESTMENTS-AT-VALUE> 185,805,276
<RECEIVABLES> 1,324,737
<ASSETS-OTHER> 36,726,424<F1>
<OTHER-ITEMS-ASSETS> 24,066
<TOTAL-ASSETS> 223,880,503
<PAYABLE-FOR-SECURITIES> 691,615
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 37,061,615<F1>
<TOTAL-LIABILITIES> 37,753,230
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 128,414,234
<SHARES-COMMON-STOCK> 8,256,735
<SHARES-COMMON-PRIOR> 8,290,599
<ACCUMULATED-NII-CURRENT> 720,599
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 19,467,385
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 37,525,055
<NET-ASSETS> 186,127,273
<DIVIDEND-INCOME> 679,996
<INTEREST-INCOME> 5,624,497
<OTHER-INCOME> 75,353<F2>
<EXPENSES-NET> (2,677,077)
<NET-INVESTMENT-INCOME> 3,702,769
<REALIZED-GAINS-CURRENT> 21,517,162
<APPREC-INCREASE-CURRENT> 12,305,587
<NET-CHANGE-FROM-OPS> 37,525,518
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (3,394,288)
<DISTRIBUTIONS-OF-GAINS> (7,790,082)
<DISTRIBUTIONS-OTHER> (26,271)
<NUMBER-OF-SHARES-SOLD> 1,049,780
<NUMBER-OF-SHARES-REDEEMED> (1,706,945)
<SHARES-REINVESTED> 623,301
<NET-CHANGE-IN-ASSETS> 31,515,217
<ACCUMULATED-NII-PRIOR> 817,083
<ACCUMULATED-GAINS-PRIOR> 6,904,705
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 1,577,254
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 2,677,077
<AVERAGE-NET-ASSETS> 171,823,000
<PER-SHARE-NAV-BEGIN> 16.48
<PER-SHARE-NII> 0.39
<PER-SHARE-GAIN-APPREC> 3.47
<PER-SHARE-DIVIDEND> (0.41)
<PER-SHARE-DISTRIBUTIONS> (0.95)
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 18.98
<EXPENSE-RATIO> 1.48
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
<FN>
<F1>SECURITIES VALUED AT $34,126,665 WERE ON LOAN TO BROKERS FROM THE PORTFOLIO.
FOR COLLATERAL, THE PORTFOLIO'S CUSTODIAN RECEIVED $36,726,424 IN CASH.
<F2>SECURITY LENDING INCOME THROUGH AUGUST 31, 1997.
</FN>
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE
STATEMENT OF ASSETS AND LIABILITIES, STATEMENT OF OPERATIONS, AND STATEMENT OF
CHANGES IN NET ASSETS FOUND ON PAGES 30 THROUGH 43 OF THE FORTIS STOCK FUNDS
ANNUAL SHAREHOLDER REPORT.
</LEGEND>
<CIK> 0000823344
<NAME> FORTIS ADVANTAGE PORTFOLIOS, INC.
<SERIES>
<NUMBER> 012
<NAME> FORTIS ASSET ALLOCATION PORTFOLIO (CLASS B)
<MULTIPLIER> 1
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> AUG-31-1997
<PERIOD-START> SEP-01-1996
<PERIOD-END> AUG-31-1997
<INVESTMENTS-AT-COST> 148,280,221
<INVESTMENTS-AT-VALUE> 185,805,276
<RECEIVABLES> 1,324,737
<ASSETS-OTHER> 36,726,424<F1>
<OTHER-ITEMS-ASSETS> 24,066
<TOTAL-ASSETS> 223,880,503
<PAYABLE-FOR-SECURITIES> 691,615
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 37,061,615<F1>
<TOTAL-LIABILITIES> 37,753,230
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 128,414,234
<SHARES-COMMON-STOCK> 395,411
<SHARES-COMMON-PRIOR> 268,897
<ACCUMULATED-NII-CURRENT> 720,599
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 19,467,385
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 37,525,055
<NET-ASSETS> 186,127,273
<DIVIDEND-INCOME> 679,996
<INTEREST-INCOME> 5,624,497
<OTHER-INCOME> 75,353<F2>
<EXPENSES-NET> (2,677,077)
<NET-INVESTMENT-INCOME> 3,702,769
<REALIZED-GAINS-CURRENT> 21,517,162
<APPREC-INCREASE-CURRENT> 12,305,587
<NET-CHANGE-FROM-OPS> 37,525,518
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (102,347)
<DISTRIBUTIONS-OF-GAINS> (290,516)
<DISTRIBUTIONS-OTHER> (792)
<NUMBER-OF-SHARES-SOLD> 172,571
<NUMBER-OF-SHARES-REDEEMED> (69,197)
<SHARES-REINVESTED> 23,140
<NET-CHANGE-IN-ASSETS> 31,515,217
<ACCUMULATED-NII-PRIOR> 817,083
<ACCUMULATED-GAINS-PRIOR> 6,904,705
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 1,577,254
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 2,677,077
<AVERAGE-NET-ASSETS> 171,823,000
<PER-SHARE-NAV-BEGIN> 16.40
<PER-SHARE-NII> 0.27
<PER-SHARE-GAIN-APPREC> 3.47
<PER-SHARE-DIVIDEND> (0.32)
<PER-SHARE-DISTRIBUTIONS> (0.95)
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 18.87
<EXPENSE-RATIO> 2.03
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
<FN>
<F1>SECURITIES VALUED AT $34,126,665 WERE ON LOAN TO BROKERS FROM THE PORTFOLIO.
FOR COLLATERAL, THE PORTFOLIO'S CUSTODIAN RECEIVED $36,726,424 IN CASH.
<F2>SECURITY LENDING INCOME THROUGH AUGUST 31, 1997.
</FN>
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE
STATEMENT OF ASSETS AND LIABILITIES, STATEMENT OF OPERATIONS, AND STATEMENT OF
CHANGES IN NET ASSETS FOUND ON PAGES 30 THROUGH 43 OF THE FORTIS STOCK FUNDS
ANNUAL SHAREHOLDER REPORT.
</LEGEND>
<CIK> 0000823344
<NAME> FORTIS ADVANTAGE PORTFOLIOS, INC.
<SERIES>
<NUMBER> 013
<NAME> FORTIS ASSET ALLOCATION PORTFOLIO (CLASS C)
<MULTIPLIER> 1
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> AUG-31-1997
<PERIOD-START> SEP-01-1996
<PERIOD-END> AUG-31-1997
<INVESTMENTS-AT-COST> 148,280,221
<INVESTMENTS-AT-VALUE> 185,805,276
<RECEIVABLES> 1,324,737
<ASSETS-OTHER> 36,726,424<F1>
<OTHER-ITEMS-ASSETS> 24,066
<TOTAL-ASSETS> 223,880,503
<PAYABLE-FOR-SECURITIES> 691,615
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 37,061,615<F1>
<TOTAL-LIABILITIES> 37,753,230
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 128,414,234
<SHARES-COMMON-STOCK> 254,567
<SHARES-COMMON-PRIOR> 161,487
<ACCUMULATED-NII-CURRENT> 720,599
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 19,467,385
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 37,525,055
<NET-ASSETS> 186,127,273
<DIVIDEND-INCOME> 679,996
<INTEREST-INCOME> 5,624,497
<OTHER-INCOME> 75,353<F2>
<EXPENSES-NET> (2,677,077)
<NET-INVESTMENT-INCOME> 3,702,769
<REALIZED-GAINS-CURRENT> 21,517,162
<APPREC-INCREASE-CURRENT> 12,305,587
<NET-CHANGE-FROM-OPS> 37,525,518
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (62,513)
<DISTRIBUTIONS-OF-GAINS> (175,535)
<DISTRIBUTIONS-OTHER> (484)
<NUMBER-OF-SHARES-SOLD> 123,842
<NUMBER-OF-SHARES-REDEEMED> (44,638)
<SHARES-REINVESTED> 13,876
<NET-CHANGE-IN-ASSETS> 31,515,217
<ACCUMULATED-NII-PRIOR> 817,083
<ACCUMULATED-GAINS-PRIOR> 6,904,705
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 1,577,254
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 2,677,077
<AVERAGE-NET-ASSETS> 171,823,000
<PER-SHARE-NAV-BEGIN> 16.35
<PER-SHARE-NII> 0.26
<PER-SHARE-GAIN-APPREC> 3.47
<PER-SHARE-DIVIDEND> (0.32)
<PER-SHARE-DISTRIBUTIONS> (0.95)
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 18.81
<EXPENSE-RATIO> 2.03
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
<FN>
<F1>SECURITIES VALUED AT $34,126,665 WERE ON LOAN TO BROKERS FROM THE PORTFOLIO.
FOR COLLATERAL, THE PORTFOLIO'S CUSTODIAN RECEIVED $36,726,424 IN CASH.
<F2>SECURITY LENDING INCOME THROUGH AUGUST 31, 1997.
</FN>
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE
STATEMENT OF ASSETS AND LIABILITIES, STATEMENT OF OPERATIONS, AND STATEMENT OF
CHANGES IN NET ASSETS FOUND ON PAGES 30 THROUGH 43 OF THE FORTIS STOCK FUNDS
ANNUAL SHAREHOLDER REPORT.
</LEGEND>
<CIK> 0000823344
<NAME> FORTIS ADVANTAGE PORTFOLIOS, INC.
<SERIES>
<NUMBER> 014
<NAME> FORTIS ASSET ALLOCATION PORTFOLIO (CLASS H)
<MULTIPLIER> 1
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> AUG-31-1997
<PERIOD-START> SEP-01-1996
<PERIOD-END> AUG-31-1997
<INVESTMENTS-AT-COST> 148,280,221
<INVESTMENTS-AT-VALUE> 185,805,276
<RECEIVABLES> 1,324,737
<ASSETS-OTHER> 36,726,424<F1>
<OTHER-ITEMS-ASSETS> 24,066
<TOTAL-ASSETS> 223,880,503
<PAYABLE-FOR-SECURITIES> 691,615
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 37,061,615<F1>
<TOTAL-LIABILITIES> 37,753,230
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 128,414,234
<SHARES-COMMON-STOCK> 908,812
<SHARES-COMMON-PRIOR> 665,230
<ACCUMULATED-NII-CURRENT> 720,599
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 19,467,385
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 37,525,055
<NET-ASSETS> 186,127,273
<DIVIDEND-INCOME> 679,996
<INTEREST-INCOME> 5,624,497
<OTHER-INCOME> 75,353<F2>
<EXPENSES-NET> (2,677,077)
<NET-INVESTMENT-INCOME> 3,702,769
<REALIZED-GAINS-CURRENT> 21,517,162
<APPREC-INCREASE-CURRENT> 12,305,587
<NET-CHANGE-FROM-OPS> 37,525,518
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (240,105)
<DISTRIBUTIONS-OF-GAINS> (668,944)
<DISTRIBUTIONS-OTHER> (1,858)
<NUMBER-OF-SHARES-SOLD> 356,375
<NUMBER-OF-SHARES-REDEEMED> (164,068)
<SHARES-REINVESTED> 51,275
<NET-CHANGE-IN-ASSETS> 31,515,217
<ACCUMULATED-NII-PRIOR> 817,083
<ACCUMULATED-GAINS-PRIOR> 6,904,705
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 1,577,254
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 2,677,077
<AVERAGE-NET-ASSETS> 171,823,000
<PER-SHARE-NAV-BEGIN> 16.39
<PER-SHARE-NII> 0.27
<PER-SHARE-GAIN-APPREC> 3.47
<PER-SHARE-DIVIDEND> (0.32)
<PER-SHARE-DISTRIBUTIONS> (0.95)
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 18.86
<EXPENSE-RATIO> 2.03
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
<FN>
<F1>SECURITIES VALUED AT $34,126,665 WERE ON LOAN TO BROKERS FROM THE PORTFOLIO.
FOR COLLATERAL, THE PORTFOLIO'S CUSTODIAN RECEIVED $36,726,424 IN CASH.
<F2>SECURITY LENDING INCOME THROUGH AUGUST 31, 1997.
</FN>
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE
STATEMENT OF ASSETS AND LIABILITIES, STATEMENT OF OPERATIONS, AND STATEMENT OF
CHANGES IN NET ASSETS FOUND ON PAGES 30 THROUGH 48 OF THE FORTIS STOCK FUNDS
ANNUAL SHAREHOLDER REPORT.
</LEGEND>
<CIK> 0000823344
<NAME> FORTIS ADVANTAGE PORTFOLIOS, INC.
<SERIES>
<NUMBER> 021
<NAME> FORTIS CAPITAL APPRECIATION PORTFOLIO (CLASS A)
<MULTIPLIER> 1
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> AUG-31-1997
<PERIOD-START> SEP-01-1996
<PERIOD-END> AUG-31-1997
<INVESTMENTS-AT-COST> 82,164,745
<INVESTMENTS-AT-VALUE> 127,318,357
<RECEIVABLES> 74,065
<ASSETS-OTHER> 40,589,304<F1>
<OTHER-ITEMS-ASSETS> 22,798
<TOTAL-ASSETS> 168,004,524
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 40,767,985<F1>
<TOTAL-LIABILITIES> 40,767,985
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 84,596,781
<SHARES-COMMON-STOCK> 3,444,948
<SHARES-COMMON-PRIOR> 3,288,627
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (2,513,854)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 45,153,612
<NET-ASSETS> 127,236,539
<DIVIDEND-INCOME> 13,275
<INTEREST-INCOME> 674,617
<OTHER-INCOME> 179,119<F2>
<EXPENSES-NET> (2,017,278)
<NET-INVESTMENT-INCOME> (1,150,267)
<REALIZED-GAINS-CURRENT> 470,737
<APPREC-INCREASE-CURRENT> (9,268,528)
<NET-CHANGE-FROM-OPS> (9,948,058)
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> (3,954,147)
<DISTRIBUTIONS-OTHER> (905,283)
<NUMBER-OF-SHARES-SOLD> 1,798,460
<NUMBER-OF-SHARES-REDEEMED> (1,793,757)
<SHARES-REINVESTED> 151,618
<NET-CHANGE-IN-ASSETS> (2,174,552)
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 2,738,872
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 1,190,025
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 2,017,278
<AVERAGE-NET-ASSETS> 123,730,000
<PER-SHARE-NAV-BEGIN> 34.76
<PER-SHARE-NII> (0.26)
<PER-SHARE-GAIN-APPREC> (2.45)
<PER-SHARE-DIVIDEND> 0
<PER-SHARE-DISTRIBUTIONS> (1.18)
<RETURNS-OF-CAPITAL> (0.27)
<PER-SHARE-NAV-END> 30.60
<EXPENSE-RATIO> 1.55
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
<FN>
<F1>SECURITIES VALUED AT $38,846,369 WERE ON LOAN TO BROKERS FROM THE PORTFOLIO.
FOR COLLATERAL, THE PORTFOLIO'S CUSTODIAN RECEIVED $40,589,304 IN CASH.
<F2>SECURITY LENDING INCOME THROUGH AUGUST 31, 1997.
</FN>
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE
STATEMENT OF ASSETS AND LIABILITIES, STATEMENT OF OPERATIONS, AND STATEMENT OF
CHANGES IN NET ASSETS FOUND ON PAGES 30 THROUGH 48 OF THE FORTIS STOCK FUNDS
ANNUAL SHAREHOLDER REPORT.
</LEGEND>
<CIK> 0000823344
<NAME> FORTIS ADVANTAGE PORTFOLIOS, INC.
<SERIES>
<NUMBER> 022
<NAME> FORTIS CAPITAL APPRECIATION PORTFOLIO (CLASS B)
<MULTIPLIER> 1
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> AUG-31-1997
<PERIOD-START> SEP-01-1996
<PERIOD-END> AUG-31-1997
<INVESTMENTS-AT-COST> 82,164,745
<INVESTMENTS-AT-VALUE> 127,318,357
<RECEIVABLES> 74,065
<ASSETS-OTHER> 40,589,304<F1>
<OTHER-ITEMS-ASSETS> 22,798
<TOTAL-ASSETS> 168,004,524
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 40,767,985<F1>
<TOTAL-LIABILITIES> 40,767,985
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 84,596,781
<SHARES-COMMON-STOCK> 217,519
<SHARES-COMMON-PRIOR> 131,202
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (2,513,854)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 45,153,612
<NET-ASSETS> 127,236,539
<DIVIDEND-INCOME> 13,275
<INTEREST-INCOME> 674,617
<OTHER-INCOME> 179,119<F2>
<EXPENSES-NET> (2,017,278)
<NET-INVESTMENT-INCOME> (1,150,267)
<REALIZED-GAINS-CURRENT> 470,737
<APPREC-INCREASE-CURRENT> (9,268,528)
<NET-CHANGE-FROM-OPS> (9,948,058)
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> (189,757)
<DISTRIBUTIONS-OTHER> (43,444)
<NUMBER-OF-SHARES-SOLD> 118,162
<NUMBER-OF-SHARES-REDEEMED> (39,286)
<SHARES-REINVESTED> 7,441
<NET-CHANGE-IN-ASSETS> (2,174,552)
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 2,738,872
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 1,190,025
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 2,017,278
<AVERAGE-NET-ASSETS> 123,730,000
<PER-SHARE-NAV-BEGIN> 34.46
<PER-SHARE-NII> (0.40)
<PER-SHARE-GAIN-APPREC> (2.45)
<PER-SHARE-DIVIDEND> 0
<PER-SHARE-DISTRIBUTIONS> (1.18)
<RETURNS-OF-CAPITAL> (0.27)
<PER-SHARE-NAV-END> 30.16
<EXPENSE-RATIO> 2.10
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
<FN>
<F1>SECURITIES VALUED AT $38,846,369 WERE ON LOAN TO BROKERS FROM THE PORTFOLIO.
FOR COLLATERAL, THE PORTFOLIO'S CUSTODIAN RECEIVED $40,589,304 IN CASH.
<F2>SECURITY LENDING INCOME THROUGH AUGUST 31, 1997.
</FN>
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE
STATEMENT OF ASSETS AND LIABILITIES, STATEMENT OF OPERATIONS, AND STATEMENT OF
CHANGES IN NET ASSETS FOUND ON PAGES 30 THROUGH 48 OF THE FORTIS STOCK FUNDS
ANNUAL SHAREHOLDER REPORT.
</LEGEND>
<CIK> 0000823344
<NAME> FORTIS ADVANTAGE PORTFOLIOS, INC.
<SERIES>
<NUMBER> 023
<NAME> FORTIS CAPITAL APPRECIATION PORTFOLIO (CLASS C)
<MULTIPLIER> 1
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> AUG-31-1997
<PERIOD-START> SEP-01-1996
<PERIOD-END> AUG-31-1997
<INVESTMENTS-AT-COST> 82,164,745
<INVESTMENTS-AT-VALUE> 127,318,357
<RECEIVABLES> 74,065
<ASSETS-OTHER> 40,589,304<F1>
<OTHER-ITEMS-ASSETS> 22,798
<TOTAL-ASSETS> 168,004,524
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 40,767,985<F1>
<TOTAL-LIABILITIES> 40,767,985
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 84,596,781
<SHARES-COMMON-STOCK> 62,116
<SHARES-COMMON-PRIOR> 29,117
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (2,513,854)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 45,153,612
<NET-ASSETS> 127,236,539
<DIVIDEND-INCOME> 13,275
<INTEREST-INCOME> 674,617
<OTHER-INCOME> 179,119<F2>
<EXPENSES-NET> (2,017,278)
<NET-INVESTMENT-INCOME> (1,150,267)
<REALIZED-GAINS-CURRENT> 470,737
<APPREC-INCREASE-CURRENT> (9,268,528)
<NET-CHANGE-FROM-OPS> (9,948,058)
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> (47,703)
<DISTRIBUTIONS-OTHER> (10,921)
<NUMBER-OF-SHARES-SOLD> 43,602
<NUMBER-OF-SHARES-REDEEMED> (12,477)
<SHARES-REINVESTED> 1,874
<NET-CHANGE-IN-ASSETS> (2,174,552)
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 2,738,872
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 1,190,025
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 2,017,278
<AVERAGE-NET-ASSETS> 123,730,000
<PER-SHARE-NAV-BEGIN> 34.48
<PER-SHARE-NII> (0.40)
<PER-SHARE-GAIN-APPREC> (2.45)
<PER-SHARE-DIVIDEND> 0
<PER-SHARE-DISTRIBUTIONS> (1.18)
<RETURNS-OF-CAPITAL> (0.27)
<PER-SHARE-NAV-END> 30.18
<EXPENSE-RATIO> 2.10
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
<FN>
<F1>SECURITIES VALUED AT $38,846,369 WERE ON LOAN TO BROKERS FROM THE PORTFOLIO.
FOR COLLATERAL, THE PORTFOLIO'S CUSTODIAN RECEIVED $40,589,304 IN CASH.
<F2>SECURITY LENDING INCOME THROUGH AUGUST 31, 1997.
</FN>
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE
STATEMENT OF ASSETS AND LIABILITIES, STATEMENT OF OPERATIONS, AND STATEMENT OF
CHANGES IN NET ASSETS FOUND ON PAGES 30 THROUGH 48 OF THE FORTIS STOCK FUNDS
ANNUAL SHAREHOLDER REPORT.
</LEGEND>
<CIK> 0000823344
<NAME> FORTIS ADVANTAGE PORTFOLIOS, INC.
<SERIES>
<NUMBER> 024
<NAME> FORTIS CAPITAL APPRECIATION PORTFOLIO (CLASS H)
<MULTIPLIER> 1
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> AUG-31-1997
<PERIOD-START> SEP-01-1996
<PERIOD-END> AUG-31-1997
<INVESTMENTS-AT-COST> 82,164,745
<INVESTMENTS-AT-VALUE> 127,318,357
<RECEIVABLES> 74,065
<ASSETS-OTHER> 40,589,304<F1>
<OTHER-ITEMS-ASSETS> 22,798
<TOTAL-ASSETS> 168,004,524
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 40,767,985<F1>
<TOTAL-LIABILITIES> 40,767,985
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 84,596,781
<SHARES-COMMON-STOCK> 443,288
<SHARES-COMMON-PRIOR> 277,680
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (2,513,854)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 45,153,612
<NET-ASSETS> 127,236,539
<DIVIDEND-INCOME> 13,275
<INTEREST-INCOME> 674,617
<OTHER-INCOME> 179,119<F2>
<EXPENSES-NET> (2,017,278)
<NET-INVESTMENT-INCOME> (1,150,267)
<REALIZED-GAINS-CURRENT> 470,737
<APPREC-INCREASE-CURRENT> (9,268,528)
<NET-CHANGE-FROM-OPS> (9,948,058)
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> (381,589)
<DISTRIBUTIONS-OTHER> (87,363)
<NUMBER-OF-SHARES-SOLD> 236,178
<NUMBER-OF-SHARES-REDEEMED> (85,586)
<SHARES-REINVESTED> 15,016
<NET-CHANGE-IN-ASSETS> (2,174,552)
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 2,738,872
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 1,190,025
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 2,017,278
<AVERAGE-NET-ASSETS> 123,730,000
<PER-SHARE-NAV-BEGIN> 34.48
<PER-SHARE-NII> (0.40)
<PER-SHARE-GAIN-APPREC> (2.45)
<PER-SHARE-DIVIDEND> 0
<PER-SHARE-DISTRIBUTIONS> (1.18)
<RETURNS-OF-CAPITAL> (0.27)
<PER-SHARE-NAV-END> 30.18
<EXPENSE-RATIO> 2.10
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
<FN>
<F1>SECURITIES VALUED AT $38,846,369 WERE ON LOAN TO BROKERS FROM THE PORTFOLIO.
FOR COLLATERAL, THE PORTFOLIO'S CUSTODIAN RECEIVED $40,589,304 IN CASH.
<F2>SECURITY LENDING INCOME THROUGH AUGUST 31, 1997.
</FN>
</TABLE>
KPMG Peat Marwick LLP
4200 Norwest Center
90 South Seventh Street
Minneapolis MN 55402
Independent Auditors' Report on Internal Accounting
Control
The Board of Directors and Shareholders
Fortis Advantage Portfolios, Inc.:
In planning and performing our audits of the financial
statements of Asset Allocation Portfolio and Capital
Appreciation Portfolio (portfolios within Fortis
Advantage Portfolios, Inc.) for the year ended August
31, 1997, we considered their internal control
structure, including procedures for safeguarding
securities, in order to determine our auditing
procedures for the purpose of expressing our opinion on
the financial statements and to comply with the
requirements of Form N-SAR, not to provide assurance on
the internal control structure.
The management of the Company is responsible for
establishing and maintaining an internal control
structure. In fulfilling this responsibility, estimates
and judgments by management are required to assess the
expected benefits and related costs of internal control
structure policies and procedures. Two of the
objectives of an internal control structure are to
provide management with reasonable, but not absolute,
assurance that assets are safeguarded against loss from
unauthorized use or disposition and that transactions
are executed in accordance with management's
authorization and recorded properly to permit the
preparation of financial statements in conformity with
generally accepted accounting principles.
Because of inherent limitations in any internal control
structure, errors or irregularities may occur and not
be detected. Also, projection of any evaluation of the
structure to future periods is subject to the risk that
it may become inadequate because of changes in
conditions of that the effectiveness of the design and
operation may deteriorate.
Our consideration of the internal control structure
would not necessarily disclose all matters in the
internal control structure that might be material
weaknesses under standards established by the American
Institute of Certified Public Accountants. A material
weakness is a condition in which the design or
operation of the specific internal control structure
elements does not reduce to a relatively low level the
risk that errors or irregularities in amounts that
would be material in relation to the financial
statements being audited may occur and not be detected
within a timely period by employees in the normal
course of performing their assigned functions. However,
we noted no matters involving the internal control
structure, including procedures for safeguarding
securities, that we consider to be material weaknesses
as defined above as of August 31, 1997.
This report is intended solely for the information and
use of management and the Securities and Exchange
Commission.
/s/
KPMG Peat Marwick LLP
Minneapolis Minnesota
October 10, 1997
