WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<CIK>
<NAME> RUSSELL INSURANCE FUNDS
<SERIES>
<NUMBER> 2
<NAME> MULTI-STYLE EQUITY 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> 252220
<INVESTMENTS-AT-VALUE> 276042
<RECEIVABLES> 6566
<ASSETS-OTHER> 5
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 282613
<PAYABLE-FOR-SECURITIES> 3715
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 812
<TOTAL-LIABILITIES> 4527
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 270423
<SHARES-COMMON-STOCK> 17865
<SHARES-COMMON-PRIOR> 12137
<ACCUMULATED-NII-CURRENT> 313
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (16343)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 23693
<NET-ASSETS> 278086
<DIVIDEND-INCOME> 2197
<INTEREST-INCOME> 30
<OTHER-INCOME> 0
<EXPENSES-NET> 1289
<NET-INVESTMENT-INCOME> 938
<REALIZED-GAINS-CURRENT> (11389)
<APPREC-INCREASE-CURRENT> (711)
<NET-CHANGE-FROM-OPS> (11162)
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 785
<DISTRIBUTIONS-OF-GAINS> 7950
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 3952
<NUMBER-OF-SHARES-REDEEMED> 3685
<SHARES-REINVESTED> 574
<NET-CHANGE-IN-ASSETS> (7791)
<ACCUMULATED-NII-PRIOR> 293
<ACCUMULATED-GAINS-PRIOR> 7822
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 1091
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 1304
<AVERAGE-NET-ASSETS> 284389
<PER-SHARE-NAV-BEGIN> 16.79
<PER-SHARE-NII> .05
<PER-SHARE-GAIN-APPREC> (.79)
<PER-SHARE-DIVIDEND> .04
<PER-SHARE-DISTRIBUTIONS> .44
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 15.57
<EXPENSE-RATIO> .92
[AVG-DEBT-OUTSTANDING] 0
[AVG-DEBT-PER-SHARE] 0
</TABLE>
