RUSSELL INSURANCE FUNDS
NSAR-A, EX-27, 2000-08-28
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WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.

<TABLE> <S> <C>

<ARTICLE> 6
<CIK>
<NAME> RUSSELL INSURANCE FUNDS
<SERIES>
   <NUMBER> 5
   <NAME> REAL ESTATE SECURITIES FUND
<MULTIPLIER> 1000

<S>                             <C>
<PERIOD-TYPE>              6-MONTHS
<FISCAL-YEAR-END>                          DEC-31-2000
<PERIOD-START>                             JAN-01-2000
<PERIOD-END>                               JUN-30-2000
<INVESTMENTS-AT-COST>                            66341
<INVESTMENTS-AT-VALUE>                           67720
<RECEIVABLES>                                      808
<ASSETS-OTHER>                                       0
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                                   68528
<PAYABLE-FOR-SECURITIES>                           220
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                          107
<TOTAL-LIABILITIES>                                327
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                         67566
<SHARES-COMMON-STOCK>                             7012
<SHARES-COMMON-PRIOR>                             5205
<ACCUMULATED-NII-CURRENT>                          905
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                         (1649)
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                          1379
<NET-ASSETS>                                     68201
<DIVIDEND-INCOME>                                 2004
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<OTHER-INCOME>                                       0
<EXPENSES-NET>                                     340
<NET-INVESTMENT-INCOME>                           1664
<REALIZED-GAINS-CURRENT>                         (946)
<APPREC-INCREASE-CURRENT>                         6297
<NET-CHANGE-FROM-OPS>                             7015
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                          759
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                            975
<NUMBER-OF-SHARES-REDEEMED>                        329
<SHARES-REINVESTED>                                 86
<NET-CHANGE-IN-ASSETS>                           12883
<ACCUMULATED-NII-PRIOR>                            450
<ACCUMULATED-GAINS-PRIOR>                           16
<OVERDISTRIB-NII-PRIOR>                              0
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<GROSS-ADVISORY-FEES>                              254
<INTEREST-EXPENSE>                                   0
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<PER-SHARE-NAV-BEGIN>                             8.81
<PER-SHARE-NII>                                    .25
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<PER-SHARE-DIVIDEND>                               .11
<PER-SHARE-DISTRIBUTIONS>                            0
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<EXPENSE-RATIO>                                   1.12
[AVG-DEBT-OUTSTANDING]                               0
[AVG-DEBT-PER-SHARE]                                 0


</TABLE>


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