ALLIANCE VARIABLE PRODUCTS SERIES FUND INC
NSAR-B, 1995-02-27
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<PAGE>      PAGE  1
000 B000000 12/31/94
000 C000000 825316
000 D000000 N
000 E000000 NF
000 F000000 Y
000 G000000 N
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000 J000000 U
001 A000000 ALLIANCE VARIABLE PRODUCTS SERIES FUND INC
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002 B000000 SECAUCUS
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002 D010000 07094
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007 C030100 N
007 C010200  2
007 C020200 GROWTH AND INCOME PORTFOLIO
007 C030200 N
007 C010300  3
007 C020300 GLOBAL BOND PORTFOLIO
007 C030300 N
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007 C020400 PREMIER GROWTH PORTFOLIO
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007 C020500 U.S. GOVERNMENT/HIGH GRADE SECURITIES PORT
007 C030500 N
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007 C020600 TOTAL RETURN PORTFOLIO
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007 C020700 INTERNATIONAL PORTFOLIO
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007 C020800 MONEY MARKET PORTFOLIO
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<PAGE>      PAGE  2
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010 A00AA01 ALLIANCE CAPITAL MANAGEMENT LP
010 B00AA01 80132361
010 C01AA01 NEW YORK
010 C02AA01 NY
010 C03AA01 10105
011 A00AA01 ALLIANCE FUND DISTRIBUTORS
011 B00AA01 8-30851
011 C01AA01 SECAUCUS
011 C02AA01 NJ
011 C03AA01 07094
012 A00AA01 ALLIANCE FUND SERVICES INC
012 B00AA01 84-0001187
012 C01AA01 SECACUS
012 C02AA01 NJ
012 C03AA01 07096
012 C04AA01 1520
013 A00AA01 ERNST & YOUNG LLP
013 B01AA01 NEW YORK
013 B02AA01 NY
013 B03AA01 10019
014 A00AA01 DONALDSON LUFKIN & JENRETTE
014 B00AA01 8-17574
015 A00AA01 STATE STREET BANK AND TRUST COMPANY
015 B00AA01 C
015 C01AA01 BOSTON
015 C02AA01 MA
015 C03AA01 02110
015 E01AA01 X
018  00AA00 Y
019 A00AA00 Y
<PAGE>      PAGE  3
019 B00AA00   51
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020 B000005 43-1450530
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020 B000007 13-2779884
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020 A000008 FIRST BOSTON CORPORATION
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020 A000009 GOLDMAN SACHS & CO
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020 C000009      5
020 A000010 MORGAN STANLEY & CO INC
020 B000010 13-2655998
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022 A000001 STATE STREET BANK & TRUST CO
022 B000001 04-1867445
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<PAGE>      PAGE  4
022 C000005     23002
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022 A000006 PRUDENTIAL SECURITIES INC
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022 A000007 JP MORGAN SECURITIES
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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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008 A000201 ALLIANCE CAPITAL MANAGEMENT L.P.
<PAGE>      PAGE  10
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<PAGE>      PAGE  11
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<PAGE>      PAGE  12
070 E010200 N
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<PAGE>      PAGE  13
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<PAGE>      PAGE  14
008 A000301 ALLIANCE CAPITAL MANAGEMENT L.P.
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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
008 A000401 ALLIANCE CAPITAL MANAGEMENT L.P.
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<PAGE>      PAGE  19
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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 Y
<PAGE>      PAGE  20
070 B020400 N
070 C010400 N
070 C020400 N
070 D010400 Y
070 D020400 N
070 E010400 N
070 E020400 N
070 F010400 N
070 F020400 N
070 G010400 N
070 G020400 N
070 H010400 Y
070 H020400 N
070 I010400 N
070 I020400 N
070 J010400 Y
070 J020400 N
070 K010400 N
070 K020400 N
070 L010400 Y
070 L020400 N
070 M010400 Y
070 M020400 N
070 N010400 Y
070 N020400 N
070 O010400 Y
070 O020400 N
070 P010400 N
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<PAGE>      PAGE  21
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<PAGE>      PAGE  22
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<PAGE>      PAGE  23
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064 A000500 N
066 A000500 N
067  000500 N
068 A000500 N
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<PAGE>      PAGE  24
070 E020500 N
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070 F020500 N
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070 G020500 N
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070 N020500 N
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<PAGE>      PAGE  25
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<PAGE>      PAGE  26
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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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<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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<PAGE>      PAGE  35
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<PAGE>      PAGE  36
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<PAGE>      PAGE  37
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075 A000800     2077
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008 A000901 ALLIANCE CAPITAL MANAGEMENT L.P.
008 B000901 A
008 C000901 801-32361
008 D010901 NEW YORK
008 D020901 NY
008 D030901 10105
024  000900 N
028 A010900       372
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<PAGE>      PAGE  38
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045  000900 Y
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048 I020900 0.000
048 J010900        0
048 J020900 0.000
<PAGE>      PAGE  39
048 K010900        0
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062 I000900   0.0
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062 L000900   0.0
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062 P000900   0.0
062 Q000900  34.3
062 R000900   0.0
063 A000900   0
063 B000900  7.3
064 A000900 N
066 A000900 N
067  000900 N
068 A000900 N
068 B000900 N
069  000900 N
070 A010900 Y
070 A020900 N
070 B010900 N
070 B020900 N
070 C010900 Y
070 C020900 N
070 D010900 N
070 D020900 N
070 E010900 Y
070 E020900 N
070 F010900 Y
070 F020900 N
070 G010900 Y
070 G020900 N
070 H010900 Y
070 H020900 N
070 I010900 N
070 I020900 N
070 J010900 Y
070 J020900 N
070 K010900 Y
070 K020900 N
070 L010900 Y
<PAGE>      PAGE  40
070 L020900 Y
070 M010900 Y
070 M020900 Y
070 N010900 Y
070 N020900 N
070 O010900 N
070 O020900 N
070 P010900 N
070 P020900 N
070 Q010900 N
070 Q020900 N
070 R010900 N
070 R020900 N
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<PAGE>      PAGE  41
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074 W000900   0.0000
074 X000900        3
074 Y000900        0
075 A000900        0
075 B000900     1724
076  000900     0.00
008 A001001 ALLIANCE CAPITAL MANAGEMENT L.P.
008 B001001 A
008 C001001 801-32361
008 D011001 NEW YORK
008 D021001 NY
008 D031001 10105
024  001000 N
028 A011000        59
028 A021000         0
028 A031000         0
028 A041000         0
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028 B021000         0
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028 B041000        40
<PAGE>      PAGE  42
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045  001000 Y
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048 I021000 0.000
048 J011000        0
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048 K021000 0.000
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062 C001000   0.0
062 D001000   0.0
<PAGE>      PAGE  43
062 E001000   0.0
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062 G001000   0.0
062 H001000   0.0
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062 J001000   0.0
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062 L001000   0.0
062 M001000   0.0
062 N001000   0.0
062 O001000   0.0
062 P001000   0.0
062 Q001000   0.0
062 R001000   0.0
066 A001000 Y
066 B001000 N
066 C001000 N
066 D001000 N
066 E001000 N
066 F001000 Y
066 G001000 N
067  001000 N
068 A001000 N
068 B001000 N
069  001000 N
070 A011000 Y
070 A021000 N
070 B011000 Y
070 B021000 N
070 C011000 N
070 C021000 N
070 D011000 Y
070 D021000 N
070 E011000 Y
070 E021000 N
070 F011000 Y
070 F021000 N
070 G011000 Y
070 G021000 N
070 H011000 Y
070 H021000 N
070 I011000 Y
070 I021000 N
070 J011000 Y
070 J021000 Y
070 K011000 Y
070 K021000 N
070 L011000 Y
070 L021000 Y
070 M011000 Y
070 M021000 Y
<PAGE>      PAGE  44
070 N011000 Y
070 N021000 N
070 O011000 N
070 O021000 N
070 P011000 N
070 P021000 N
070 Q011000 N
070 Q021000 N
070 R011000 N
070 R021000 N
071 A001000      1298
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073 A011000   0.0000
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<PAGE>      PAGE  45
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074 Y001000        0
075 A001000        0
075 B001000      631
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008 A001101 ALLIANCE CAPITAL MANAGEMENT L.P.
008 B001101 A
008 C001101 801-32361
008 D011101 NEW YORK
008 D021101 NY
008 D031101 10105
024  001100 N
028 A011100       107
028 A021100         0
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028 A041100         1
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028 C031100         0
<PAGE>      PAGE  46
028 C041100         1
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045  001100 Y
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047  001100 Y
048  001100  0.750
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048 A021100 0.000
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048 B021100 0.000
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048 C021100 0.000
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048 G021100 0.000
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048 H021100 0.000
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048 I021100 0.000
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062 A001100 Y
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062 F001100   0.0
062 G001100   0.0
<PAGE>      PAGE  47
062 H001100   0.0
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062 J001100  17.5
062 K001100   0.0
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062 N001100   0.0
062 O001100   0.0
062 P001100  18.5
062 Q001100  30.7
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063 A001100   0
063 B001100  9.0
064 A001100 N
066 A001100 N
067  001100 N
068 A001100 N
068 B001100 Y
069  001100 N
070 A011100 Y
070 A021100 N
070 B011100 N
070 B021100 N
070 C011100 Y
070 C021100 N
070 D011100 N
070 D021100 N
070 E011100 Y
070 E021100 N
070 F011100 Y
070 F021100 N
070 G011100 Y
070 G021100 N
070 H011100 Y
070 H021100 N
070 I011100 N
070 I021100 N
070 J011100 Y
070 J021100 Y
070 K011100 Y
070 K021100 N
070 L011100 N
070 L021100 N
070 M011100 N
070 M021100 N
070 N011100 Y
070 N021100 N
070 O011100 Y
070 O021100 N
070 P011100 N
070 P021100 N
<PAGE>      PAGE  48
070 Q011100 N
070 Q021100 N
070 R011100 N
070 R021100 N
071 A001100      1145
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<PAGE>      PAGE  49
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008 A001201 ALLIANCE CAPITAL MANAGEMENT L.P.
008 B001201 A
008 C001201 801-32361
008 D011201 NEW YORK
008 D021201 NY
008 D031201 10105
024  001200 Y
025 A001201 DEAN WITTER DISCOVER & CO
025 C001201 E
025 D001201      34
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<PAGE>      PAGE  50
028 D031200         0
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045  001200 Y
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<PAGE>      PAGE  51
062 K001200   0.0
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066 A001200 Y
066 B001200 N
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066 D001200 Y
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066 F001200 N
066 G001200 N
067  001200 N
068 A001200 N
068 B001200 N
069  001200 N
070 A011200 Y
070 A021200 N
070 B011200 Y
070 B021200 N
070 C011200 Y
070 C021200 N
070 D011200 Y
070 D021200 N
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070 E021200 N
070 F011200 Y
070 F021200 N
070 G011200 Y
070 G021200 N
070 H011200 Y
070 H021200 N
070 I011200 N
070 I021200 N
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070 J021200 N
070 K011200 Y
070 K021200 N
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070 L021200 N
070 M011200 Y
070 M021200 N
070 N011200 Y
070 N021200 N
070 O011200 Y
070 O021200 N
070 P011200 N
070 P021200 N
<PAGE>      PAGE  52
070 Q011200 N
070 Q021200 N
070 R011200 N
070 R021200 N
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<PAGE>      PAGE  53
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008 A001301 ALLIANCE CAPITAL MANAGEMENT L.P.
008 B001301 A
008 C001301 801-32361
008 D011301 NEW YORK
008 D021301 NY
008 D031301 10105
024  001300 N
028 A011300       143
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<PAGE>      PAGE  54
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045  001300 Y
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<PAGE>      PAGE  55
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066 A001300 Y
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070 H021300 N
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070 I021300 N
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070 J021300 N
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070 L021300 N
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<PAGE>      PAGE  56
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072 X001300       31
072 Y001300       29
072 Z001300        7
072AA001300        0
072BB001300        0
072CC011300        0
072CC021300        0
072DD011300        0
072DD021300        0
072EE001300        0
073 A011300   0.0000
073 A021300   0.0000
073 B001300   0.0000
073 C001300   0.0000
074 A001300        0
074 B001300        0
074 C001300     1132
074 D001300        0
074 E001300        0
074 F001300        0
074 G001300        0
074 H001300        0
074 I001300        0
074 J001300        0
074 K001300        9
074 L001300        3
074 M001300        9
074 N001300     1153
<PAGE>      PAGE  57
074 O001300        0
074 P001300        0
074 Q001300        0
074 R011300        0
074 R021300        0
074 R031300        0
074 R041300       26
074 S001300        0
074 T001300     1127
074 U011300      112
074 U021300        0
074 V011300    10.10
074 V021300     0.00
074 W001300   0.0000
074 X001300        2
074 Y001300        0
075 A001300        0
075 B001300      614
076  001300     0.00
008 A001401 ALLIANCE CAPITAL MANAGEMENT L.P.
008 B001401 A
008 C001401 801-32361
008 D011401 NEW YORK
008 D021401 NY
008 D031401 10105
024  001400 N
028 A011400       152
028 A021400         0
028 A031400         0
028 A041400         0
028 B011400       181
028 B021400         0
028 B031400         0
028 B041400         0
028 C011400       279
028 C021400         0
028 C031400         0
028 C041400         0
028 D011400       105
028 D021400         0
028 D031400         0
028 D041400        20
028 E011400         0
028 E021400         0
028 E031400         0
028 E041400         0
028 F011400         0
028 F021400         0
028 F031400         0
028 F041400         0
028 G011400       717
<PAGE>      PAGE  58
028 G021400         0
028 G031400         0
028 G041400        20
028 H001400         0
045  001400 Y
046  001400 N
047  001400 Y
048  001400  0.750
048 A011400        0
048 A021400 0.000
048 B011400        0
048 B021400 0.000
048 C011400        0
048 C021400 0.000
048 D011400        0
048 D021400 0.000
048 E011400        0
048 E021400 0.000
048 F011400        0
048 F021400 0.000
048 G011400        0
048 G021400 0.000
048 H011400        0
048 H021400 0.000
048 I011400        0
048 I021400 0.000
048 J011400        0
048 J021400 0.000
048 K011400        0
048 K021400 0.000
062 A001400 N
062 B001400   0.0
062 C001400   0.0
062 D001400   0.0
062 E001400   0.0
062 F001400   0.0
062 G001400   0.0
062 H001400   0.0
062 I001400   0.0
062 J001400   0.0
062 K001400   0.0
062 L001400   0.0
062 M001400   0.0
062 N001400   0.0
062 O001400   0.0
062 P001400   0.0
062 Q001400   0.0
062 R001400   0.0
066 A001400 Y
066 E001400 Y
067  001400 N
<PAGE>      PAGE  59
068 A001400 N
068 B001400 N
069  001400 N
070 A011400 Y
070 A021400 N
070 B011400 Y
070 B021400 N
070 C011400 Y
070 C021400 N
070 D011400 Y
070 D021400 N
070 E011400 Y
070 E021400 N
070 F011400 Y
070 F021400 N
070 G011400 Y
070 G021400 N
070 H011400 Y
070 H021400 N
070 I011400 N
070 I021400 N
070 J011400 Y
070 J021400 N
070 K011400 Y
070 K021400 N
070 L011400 Y
070 L021400 N
070 M011400 Y
070 M021400 N
070 N011400 Y
070 N021400 N
070 O011400 Y
070 O021400 N
070 P011400 N
070 P021400 N
070 Q011400 N
070 Q021400 N
070 R011400 N
070 R021400 N
071 A001400       282
071 B001400         5
071 C001400       268
071 D001400    2
072 A001400  2
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072 D001400        0
072 E001400        0
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072 H001400        0
<PAGE>      PAGE  60
072 I001400        0
072 J001400        9
072 K001400        0
072 L001400        2
072 M001400        0
072 N001400        0
072 O001400        0
072 P001400        0
072 Q001400        0
072 R001400        7
072 S001400        0
072 T001400        0
072 U001400        1
072 V001400        0
072 W001400        1
072 X001400       20
072 Y001400       19
072 Z001400        3
072AA001400        0
072BB001400        1
072CC011400        2
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072DD011400        0
072DD021400        0
072EE001400        0
073 A011400   0.0000
073 A021400   0.0000
073 B001400   0.0000
073 C001400   0.0000
074 A001400       92
074 B001400        0
074 C001400      295
074 D001400      210
074 E001400        0
074 F001400       68
074 G001400        0
074 H001400        0
074 I001400        0
074 J001400        0
074 K001400        9
074 L001400       34
074 M001400       10
074 N001400      718
074 O001400        0
074 P001400        0
074 Q001400        0
074 R011400        0
074 R021400        0
074 R031400        0
074 R041400       17
074 S001400        0
<PAGE>      PAGE  61
074 T001400      701
074 U011400       70
074 U021400        0
074 V011400    10.07
074 V021400     0.00
074 W001400   0.0000
074 X001400        2
074 Y001400        0
075 A001400        0
075 B001400      547
076  001400     0.00
008 A001501 ALLIANCE CAPITAL MANAGEMENT L.P.
008 B001501 A
008 C001501 801-32361
008 D011501 NEW YORK
008 D021501 NY
008 D031501 10105
024  001500 N
028 A011500        21
028 A021500         0
028 A031500         0
028 A041500         0
028 B011500       209
028 B021500         0
028 B031500         0
028 B041500         0
028 C011500        47
028 C021500         0
028 C031500         0
028 C041500         0
028 D011500        65
028 D021500         0
028 D031500         0
028 D041500        18
028 E011500         0
028 E021500         0
028 E031500         0
028 E041500         0
028 F011500         0
028 F021500         0
028 F031500         0
028 F041500         0
028 G011500       342
028 G021500         0
028 G031500         0
028 G041500        18
028 H001500         0
045  001500 Y
046  001500 N
047  001500 Y
048  001500  0.750
<PAGE>      PAGE  62
048 A011500        0
048 A021500 0.000
048 B011500        0
048 B021500 0.000
048 C011500        0
048 C021500 0.000
048 D011500        0
048 D021500 0.000
048 E011500        0
048 E021500 0.000
048 F011500        0
048 F021500 0.000
048 G011500        0
048 G021500 0.000
048 H011500        0
048 H021500 0.000
048 I011500        0
048 I021500 0.000
048 J011500        0
048 J021500 0.000
048 K011500        0
048 K021500 0.000
062 A001500 N
062 B001500   0.0
062 C001500   0.0
062 D001500   0.0
062 E001500   0.0
062 F001500   0.0
062 G001500   0.0
062 H001500   0.0
062 I001500   0.0
062 J001500   0.0
062 K001500   0.0
062 L001500   0.0
062 M001500   0.0
062 N001500   0.0
062 O001500   0.0
062 P001500   0.0
062 Q001500   0.0
062 R001500   0.0
066 A001500 Y
066 B001500 N
066 C001500 N
066 D001500 N
066 E001500 Y
066 F001500 N
066 G001500 N
067  001500 N
068 A001500 N
068 B001500 N
069  001500 N
<PAGE>      PAGE  63
070 A011500 Y
070 A021500 N
070 B011500 Y
070 B021500 N
070 C011500 Y
070 C021500 N
070 D011500 Y
070 D021500 N
070 E011500 Y
070 E021500 N
070 F011500 Y
070 F021500 N
070 G011500 Y
070 G021500 N
070 H011500 Y
070 H021500 N
070 I011500 N
070 I021500 N
070 J011500 Y
070 J021500 N
070 K011500 Y
070 K021500 N
070 L011500 Y
070 L021500 N
070 M011500 Y
070 M021500 N
070 N011500 Y
070 N021500 N
070 O011500 Y
070 O021500 N
070 P011500 N
070 P021500 N
070 Q011500 N
070 Q021500 N
070 R011500 N
070 R021500 N
071 A001500       174
071 B001500         5
071 C001500       132
071 D001500    3
072 A001500  2
072 B001500        2
072 C001500        0
072 D001500        0
072 E001500        0
072 F001500        1
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072 H001500        0
072 I001500        0
072 J001500        9
072 K001500        0
<PAGE>      PAGE  64
072 L001500        2
072 M001500        0
072 N001500        0
072 O001500        0
072 P001500        0
072 Q001500        0
072 R001500        7
072 S001500        0
072 T001500        0
072 U001500        0
072 V001500        0
072 W001500        1
072 X001500       20
072 Y001500       19
072 Z001500        1
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072BB001500        1
072CC011500        0
072CC021500        4
072DD011500        0
072DD021500        0
072EE001500        0
073 A011500   0.0000
073 A021500   0.0000
073 B001500   0.0000
073 C001500   0.0000
074 A001500       98
074 B001500        0
074 C001500       70
074 D001500       38
074 E001500        0
074 F001500      127
074 G001500        0
074 H001500        0
074 I001500        0
074 J001500        0
074 K001500        9
074 L001500        0
074 M001500       10
074 N001500      352
074 O001500       15
074 P001500        0
074 Q001500        0
074 R011500        0
074 R021500        0
074 R031500        0
074 R041500       16
074 S001500        0
074 T001500      321
074 U011500       33
074 U021500       33
<PAGE>      PAGE  65
074 V011500     0.00
074 V021500     9.86
074 W001500   0.0000
074 X001500        2
074 Y001500        0
075 A001500        0
075 B001500      262
076  001500     0.00
SIGNATURE   STEVE YU                                     
TITLE       AVP                 
 


<TABLE> <S> <C>

<ARTICLE> 6
<SERIES>
   <NUMBER> 1
   <NAME> SHORT TERM MULTI MARKET PORTFOLIO
       
<S>                             <C>
<PERIOD-TYPE>                   12-MOS
<FISCAL-YEAR-END>                          DEC-31-1994
<PERIOD-END>                               DEC-31-1994
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<NET-CHANGE-FROM-OPS>                        (1492659)
<EQUALIZATION>                                       0
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<PER-SHARE-NAV-END>                               9.91
<EXPENSE-RATIO>                                   0.94
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        

</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<SERIES>
   <NUMBER> 2
   <NAME> GROWTH & INCOME PORTFOLIO
       
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<PERIOD-TYPE>                   12-MOS
<FISCAL-YEAR-END>                          DEC-31-1994
<PERIOD-END>                               DEC-31-1994
<INVESTMENTS-AT-COST>                         41826773
<INVESTMENTS-AT-VALUE>                        41688247
<RECEIVABLES>                                   976604
<ASSETS-OTHER>                                       0
<OTHER-ITEMS-ASSETS>                            185277
<TOTAL-ASSETS>                                42850128
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<ACCUMULATED-NII-CURRENT>                       539879
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<ACCUMULATED-NET-GAINS>                         545474
<OVERDISTRIBUTION-GAINS>                             0
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<PER-SHARE-NII>                                   0.10
<PER-SHARE-GAIN-APPREC>                         (0.16)
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<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              11.85
<EXPENSE-RATIO>                                   0.90
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        

</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<SERIES>
   <NUMBER> 3
   <NAME> GLOBAL BOND PORTFOLIO
       
<S>                             <C>
<PERIOD-TYPE>                   12-MOS
<FISCAL-YEAR-END>                          DEC-31-1994
<PERIOD-END>                               DEC-31-1994
<INVESTMENTS-AT-COST>                          7246459
<INVESTMENTS-AT-VALUE>                         7125387
<RECEIVABLES>                                   194740
<ASSETS-OTHER>                                       0
<OTHER-ITEMS-ASSETS>                              9726
<TOTAL-ASSETS>                                 7329853
<PAYABLE-FOR-SECURITIES>                             0
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                        31784
<TOTAL-LIABILITIES>                              31784
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                       7503165
<SHARES-COMMON-STOCK>                           743012
<SHARES-COMMON-PRIOR>                           595408
<ACCUMULATED-NII-CURRENT>                        70965
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                       (151800)
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                      (124261)
<NET-ASSETS>                                   7298069
<DIVIDEND-INCOME>                                    0
<INTEREST-INCOME>                               473105
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                   64515
<NET-INVESTMENT-INCOME>                         408590
<REALIZED-GAINS-CURRENT>                      (408100)
<APPREC-INCREASE-CURRENT>                     (353957)
<NET-CHANGE-FROM-OPS>                         (353467)
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                       383604
<DISTRIBUTIONS-OF-GAINS>                        181669
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<NUMBER-OF-SHARES-SOLD>                          99445
<NUMBER-OF-SHARES-REDEEMED>                       9522
<SHARES-REINVESTED>                              57681
<NET-CHANGE-IN-ASSETS>                          549609
<ACCUMULATED-NII-PRIOR>                         303791
<ACCUMULATED-GAINS-PRIOR>                       180157
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                            44159
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                 139490
<AVERAGE-NET-ASSETS>                           6793768
<PER-SHARE-NAV-BEGIN>                            11.33
<PER-SHARE-NII>                                   0.57
<PER-SHARE-GAIN-APPREC>                         (1.16)
<PER-SHARE-DIVIDEND>                              0.62
<PER-SHARE-DISTRIBUTIONS>                         0.30
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                               9.82
<EXPENSE-RATIO>                                   0.95
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        

</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<SERIES>
   <NUMBER> 4
   <NAME> PREMIER GROWTH PORTFOLIO
       
<S>                             <C>
<PERIOD-TYPE>                   12-MOS
<FISCAL-YEAR-END>                          DEC-31-1994
<PERIOD-END>                               DEC-31-1994
<INVESTMENTS-AT-COST>                         39822165
<INVESTMENTS-AT-VALUE>                        40085460
<RECEIVABLES>                                    61846
<ASSETS-OTHER>                                       0
<OTHER-ITEMS-ASSETS>                             14148
<TOTAL-ASSETS>                                40161454
<PAYABLE-FOR-SECURITIES>                       2441781
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                        50579
<TOTAL-LIABILITIES>                            2492360
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                      37038520
<SHARES-COMMON-STOCK>                          3044420
<SHARES-COMMON-PRIOR>                          1067564
<ACCUMULATED-NII-CURRENT>                        95835
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                         271444
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                        263295
<NET-ASSETS>                                  37669094
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<OTHER-INCOME>                                       0
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<REALIZED-GAINS-CURRENT>                        271826
<APPREC-INCREASE-CURRENT>                    (1055863)
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<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                        20473
<DISTRIBUTIONS-OF-GAINS>                         56132
<DISTRIBUTIONS-OTHER>                                0
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<NET-CHANGE-IN-ASSETS>                        24010418
<ACCUMULATED-NII-PRIOR>                          18702
<ACCUMULATED-GAINS-PRIOR>                        55750
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                           235000
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                 329889
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<PER-SHARE-NAV-BEGIN>                            12.79
<PER-SHARE-NII>                                   0.03
<PER-SHARE-GAIN-APPREC>                         (0.41)
<PER-SHARE-DIVIDEND>                              0.01
<PER-SHARE-DISTRIBUTIONS>                         0.03
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              12.37
<EXPENSE-RATIO>                                   0.95
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        

</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<SERIES>
   <NUMBER> 5
   <NAME> US GOVT HIGH GRADE SECURITIES PORTFOLIO
       
<S>                             <C>
<PERIOD-TYPE>                   12-MOS
<FISCAL-YEAR-END>                          DEC-31-1994
<PERIOD-END>                               DEC-31-1994
<INVESTMENTS-AT-COST>                          5078732
<INVESTMENTS-AT-VALUE>                         4881714
<RECEIVABLES>                                   232181
<ASSETS-OTHER>                                       0
<OTHER-ITEMS-ASSETS>                             13578
<TOTAL-ASSETS>                                 5127473
<PAYABLE-FOR-SECURITIES>                             0
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                        26189
<TOTAL-LIABILITIES>                              26189
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                       5180742
<SHARES-COMMON-STOCK>                           513429
<SHARES-COMMON-PRIOR>                           126015
<ACCUMULATED-NII-CURRENT>                       147340
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                        (29780)
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                      (197018)
<NET-ASSETS>                                   5101284
<DIVIDEND-INCOME>                                 4725
<INTEREST-INCOME>                               167791
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                   24860
<NET-INVESTMENT-INCOME>                         147656
<REALIZED-GAINS-CURRENT>                       (29780)
<APPREC-INCREASE-CURRENT>                     (182479)
<NET-CHANGE-FROM-OPS>                          (64603)
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                        52816
<DISTRIBUTIONS-OF-GAINS>                         35522
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                         518614
<NUMBER-OF-SHARES-REDEEMED>                     140052
<SHARES-REINVESTED>                               8852
<NET-CHANGE-IN-ASSETS>                         3751009
<ACCUMULATED-NII-PRIOR>                          52500
<ACCUMULATED-GAINS-PRIOR>                        35522
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                            15701
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                  97728
<AVERAGE-NET-ASSETS>                           2616870
<PER-SHARE-NAV-BEGIN>                            10.72
<PER-SHARE-NII>                                   0.28
<PER-SHARE-GAIN-APPREC>                         (0.71)
<PER-SHARE-DIVIDEND>                              0.21
<PER-SHARE-DISTRIBUTIONS>                         0.14
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                               9.94
<EXPENSE-RATIO>                                   0.95
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        

</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<SERIES>
   <NUMBER> 6
   <NAME> TOTAL RETURN PORTFOLIO
       
<S>                             <C>
<PERIOD-TYPE>                   12-MOS
<FISCAL-YEAR-END>                          DEC-31-1994
<PERIOD-END>                               DEC-31-1994
<INVESTMENTS-AT-COST>                           751430
<INVESTMENTS-AT-VALUE>                          742809
<RECEIVABLES>                                   145055
<ASSETS-OTHER>                                       0
<OTHER-ITEMS-ASSETS>                             15558
<TOTAL-ASSETS>                                  903422
<PAYABLE-FOR-SECURITIES>                        113810
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                        39712
<TOTAL-LIABILITIES>                             153522
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                        753018
<SHARES-COMMON-STOCK>                            72033
<SHARES-COMMON-PRIOR>                            32809
<ACCUMULATED-NII-CURRENT>                         9940
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                         (4437)
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                        (8621)
<NET-ASSETS>                                    749900
<DIVIDEND-INCOME>                                 4714
<INTEREST-INCOME>                                 9014
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                    4024
<NET-INVESTMENT-INCOME>                           9704
<REALIZED-GAINS-CURRENT>                        (4437)
<APPREC-INCREASE-CURRENT>                      (22102)
<NET-CHANGE-FROM-OPS>                          (16835)
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                         3795
<DISTRIBUTIONS-OF-GAINS>                          2282
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                          69761
<NUMBER-OF-SHARES-REDEEMED>                      31120
<SHARES-REINVESTED>                                583
<NET-CHANGE-IN-ASSETS>                          389916
<ACCUMULATED-NII-PRIOR>                           3251
<ACCUMULATED-GAINS-PRIOR>                         2282
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                             2645
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                  82492
<AVERAGE-NET-ASSETS>                            423138
<PER-SHARE-NAV-BEGIN>                            10.97
<PER-SHARE-NII>                                   0.15
<PER-SHARE-GAIN-APPREC>                         (0.56)
<PER-SHARE-DIVIDEND>                              0.09
<PER-SHARE-DISTRIBUTIONS>                         0.06
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              10.41
<EXPENSE-RATIO>                                   0.95
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        

</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<SERIES>
   <NUMBER> 7
   <NAME> INTERNATIONAL PORTFOLIO
       
<S>                             <C>
<PERIOD-TYPE>                   12-MOS
<FISCAL-YEAR-END>                          DEC-31-1994
<PERIOD-END>                               DEC-31-1994
<INVESTMENTS-AT-COST>                          7684388
<INVESTMENTS-AT-VALUE>                         7603019
<RECEIVABLES>                                   186161
<ASSETS-OTHER>                                       0
<OTHER-ITEMS-ASSETS>                             53322
<TOTAL-ASSETS>                                 7842502
<PAYABLE-FOR-SECURITIES>                        478005
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                        88109
<TOTAL-LIABILITIES>                             566114
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                       7315323
<SHARES-COMMON-STOCK>                           564889
<SHARES-COMMON-PRIOR>                            56558
<ACCUMULATED-NII-CURRENT>                        23907
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                          20397
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                       (83239)
<NET-ASSETS>                                   7276388
<DIVIDEND-INCOME>                                33148
<INTEREST-INCOME>                                18531
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                   26577
<NET-INVESTMENT-INCOME>                          25102
<REALIZED-GAINS-CURRENT>                         20740
<APPREC-INCREASE-CURRENT>                     (106701)
<NET-CHANGE-FROM-OPS>                          (60859)
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                         1901
<DISTRIBUTIONS-OF-GAINS>                         11169
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                         547184
<NUMBER-OF-SHARES-REDEEMED>                      39868
<SHARES-REINVESTED>                               1015
<NET-CHANGE-IN-ASSETS>                         6588494
<ACCUMULATED-NII-PRIOR>                            529
<ACCUMULATED-GAINS-PRIOR>                        10218
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                            27975
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                 203114
<AVERAGE-NET-ASSETS>                           2797488
<PER-SHARE-NAV-BEGIN>                            12.16
<PER-SHARE-NII>                                   0.10
<PER-SHARE-GAIN-APPREC>                           0.72
<PER-SHARE-DIVIDEND>                              0.02
<PER-SHARE-DISTRIBUTIONS>                         0.08
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              12.88
<EXPENSE-RATIO>                                   0.95
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        

</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<SERIES>
   <NUMBER> 8
   <NAME> MONEY MARKET PORTFOLIO
       
<S>                             <C>
<PERIOD-TYPE>                   12-MOS
<FISCAL-YEAR-END>                          DEC-31-1994
<PERIOD-END>                               DEC-31-1994
<INVESTMENTS-AT-COST>                          6776707
<INVESTMENTS-AT-VALUE>                         6776707
<RECEIVABLES>                                    22624
<ASSETS-OTHER>                                       0
<OTHER-ITEMS-ASSETS>                            143550
<TOTAL-ASSETS>                                 6942881
<PAYABLE-FOR-SECURITIES>                             0
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                        44586
<TOTAL-LIABILITIES>                              44586
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                      68979775
<SHARES-COMMON-STOCK>                          6898778
<SHARES-COMMON-PRIOR>                           101553
<ACCUMULATED-NII-CURRENT>                          803
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                          (483)
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                             0
<NET-ASSETS>                                   6898295
<DIVIDEND-INCOME>                                    0
<INTEREST-INCOME>                               102454
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                   19735
<NET-INVESTMENT-INCOME>                          82719
<REALIZED-GAINS-CURRENT>                         (473)
<APPREC-INCREASE-CURRENT>                            0
<NET-CHANGE-FROM-OPS>                            82246
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                         1847
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                       14471656
<NUMBER-OF-SHARES-REDEEMED>                    7757276
<SHARES-REINVESTED>                              82845
<NET-CHANGE-IN-ASSETS>                           71534
<ACCUMULATED-NII-PRIOR>                              0
<ACCUMULATED-GAINS-PRIOR>                         (10)
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                            10387
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                  92566
<AVERAGE-NET-ASSETS>                           2077388
<PER-SHARE-NAV-BEGIN>                             1.00
<PER-SHARE-NII>                                   0.03
<PER-SHARE-GAIN-APPREC>                              0
<PER-SHARE-DIVIDEND>                              0.03
<PER-SHARE-DISTRIBUTIONS>                            0
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                               1.00
<EXPENSE-RATIO>                                   0.95
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        

</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<SERIES>
   <NUMBER> 9
   <NAME> NORTH AMERICAN GOVT INCOME PORT
       
<S>                             <C>
<PERIOD-TYPE>                   8-MOS
<FISCAL-YEAR-END>                          DEC-31-1994
<PERIOD-END>                               DEC-31-1994
<INVESTMENTS-AT-COST>                          4524950
<INVESTMENTS-AT-VALUE>                         3809209
<RECEIVABLES>                                    62680
<ASSETS-OTHER>                                    8778
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                                 3880667
<PAYABLE-FOR-SECURITIES>                             0
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                        32585
<TOTAL-LIABILITIES>                              32585
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                       4435217
<SHARES-COMMON-STOCK>                           437622
<SHARES-COMMON-PRIOR>                                0
<ACCUMULATED-NII-CURRENT>                       141547
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                        (12932)
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                      (715750)
<NET-ASSETS>                                   3848082
<DIVIDEND-INCOME>                                    0
<INTEREST-INCOME>                               161885
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                   16287
<NET-INVESTMENT-INCOME>                         145598
<REALIZED-GAINS-CURRENT>                       (16983)
<APPREC-INCREASE-CURRENT>                     (715750)
<NET-CHANGE-FROM-OPS>                         (587135)
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                            0
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                         525199
<NUMBER-OF-SHARES-REDEEMED>                      87577
<SHARES-REINVESTED>                                  0
<NET-CHANGE-IN-ASSETS>                         3848082
<ACCUMULATED-NII-PRIOR>                              0
<ACCUMULATED-GAINS-PRIOR>                            0
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                            11144
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                  75999
<AVERAGE-NET-ASSETS>                           1723870
<PER-SHARE-NAV-BEGIN>                               10
<PER-SHARE-NII>                                   0.50
<PER-SHARE-GAIN-APPREC>                         (1.71)
<PER-SHARE-DIVIDEND>                                 0
<PER-SHARE-DISTRIBUTIONS>                            0
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                               8.79
<EXPENSE-RATIO>                                   0.95
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        

</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<SERIES>
   <NUMBER> 10
   <NAME> UTILITY INCOME PORTFOLIO
       
<S>                             <C>
<PERIOD-TYPE>                   8-MOS
<FISCAL-YEAR-END>                          DEC-31-1994
<PERIOD-END>                               DEC-31-1994
<INVESTMENTS-AT-COST>                          1124341
<INVESTMENTS-AT-VALUE>                         1091379
<RECEIVABLES>                                    73138
<ASSETS-OTHER>                                  198825
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                                 1363342
<PAYABLE-FOR-SECURITIES>                         77252
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                        31841
<TOTAL-LIABILITIES>                             109093
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                       1278046
<SHARES-COMMON-STOCK>                           125979
<SHARES-COMMON-PRIOR>                                0
<ACCUMULATED-NII-CURRENT>                        18832
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                         (9667)
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                       (32962)
<NET-ASSETS>                                   1254249
<DIVIDEND-INCOME>                                18261
<INTEREST-INCOME>                                 4462
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                    3874
<NET-INVESTMENT-INCOME>                          18849
<REALIZED-GAINS-CURRENT>                        (9684)
<APPREC-INCREASE-CURRENT>                      (32962)
<NET-CHANGE-FROM-OPS>                          (23797)
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                            0
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                         130903
<NUMBER-OF-SHARES-REDEEMED>                       4924
<SHARES-REINVESTED>                                  0
<NET-CHANGE-IN-ASSETS>                         1254249
<ACCUMULATED-NII-PRIOR>                              0
<ACCUMULATED-GAINS-PRIOR>                            0
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                             3059
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                  65158
<AVERAGE-NET-ASSETS>                            630765
<PER-SHARE-NAV-BEGIN>                               10
<PER-SHARE-NII>                                   0.28
<PER-SHARE-GAIN-APPREC>                         (0.32)
<PER-SHARE-DIVIDEND>                                 0
<PER-SHARE-DISTRIBUTIONS>                            0
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                               9.96
<EXPENSE-RATIO>                                   0.95
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        

</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<SERIES>
   <NUMBER> 11
   <NAME> GLOBAL DOLLLAR GOVERNMENT PORTFOLIO
       
<S>                             <C>
<PERIOD-TYPE>                   8-MOS
<FISCAL-YEAR-END>                          DEC-31-1994
<PERIOD-END>                               DEC-31-1994
<INVESTMENTS-AT-COST>                          1291958
<INVESTMENTS-AT-VALUE>                         1239237
<RECEIVABLES>                                    48056
<ASSETS-OTHER>                                    8831
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                                 1296124
<PAYABLE-FOR-SECURITIES>                        113760
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                        36038
<TOTAL-LIABILITIES>                             149798
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                       1174036
<SHARES-COMMON-STOCK>                           116502
<SHARES-COMMON-PRIOR>                                0
<ACCUMULATED-NII-CURRENT>                        25782
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                          (771)
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                       (52721)
<NET-ASSETS>                                   1146326
<DIVIDEND-INCOME>                                    0
<INTEREST-INCOME>                                29849
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                    4067
<NET-INVESTMENT-INCOME>                          25782
<REALIZED-GAINS-CURRENT>                         (771)
<APPREC-INCREASE-CURRENT>                      (52721)
<NET-CHANGE-FROM-OPS>                          (27710)
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                            0
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                         118322
<NUMBER-OF-SHARES-REDEEMED>                       1820
<SHARES-REINVESTED>                                  0
<NET-CHANGE-IN-ASSETS>                         1146326
<ACCUMULATED-NII-PRIOR>                              0
<ACCUMULATED-GAINS-PRIOR>                            0
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                             3211
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                  64216
<AVERAGE-NET-ASSETS>                            640488
<PER-SHARE-NAV-BEGIN>                               10
<PER-SHARE-NII>                                   0.36
<PER-SHARE-GAIN-APPREC>                         (0.52)
<PER-SHARE-DIVIDEND>                                 0
<PER-SHARE-DISTRIBUTIONS>                            0
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                               9.84
<EXPENSE-RATIO>                                   0.95
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        

</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<SERIES>
   <NUMBER> 12
   <NAME> GROWTH PORTFOLIO
       
<S>                             <C>
<PERIOD-TYPE>                   4-MOS
<FISCAL-YEAR-END>                          DEC-31-1994
<PERIOD-END>                               DEC-31-1994
<INVESTMENTS-AT-COST>                          5280349
<INVESTMENTS-AT-VALUE>                         5486255
<RECEIVABLES>                                        0
<ASSETS-OTHER>                                  196928
<OTHER-ITEMS-ASSETS>                             26745
<TOTAL-ASSETS>                                 5709928
<PAYABLE-FOR-SECURITIES>                        195358
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                        22806
<TOTAL-LIABILITIES>                             218164
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                       5323389
<SHARES-COMMON-STOCK>                           521613
<SHARES-COMMON-PRIOR>                                0
<ACCUMULATED-NII-CURRENT>                        11263
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                        (48794)
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                        205906
<NET-ASSETS>                                   5491764
<DIVIDEND-INCOME>                                10542
<INTEREST-INCOME>                                 9840
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                    9119
<NET-INVESTMENT-INCOME>                          11263
<REALIZED-GAINS-CURRENT>                       (48794)
<APPREC-INCREASE-CURRENT>                       205906
<NET-CHANGE-FROM-OPS>                           168375
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                            0
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                         525636
<NUMBER-OF-SHARES-REDEEMED>                       4023
<SHARES-REINVESTED>                                  0
<NET-CHANGE-IN-ASSETS>                         5491764
<ACCUMULATED-NII-PRIOR>                              0
<ACCUMULATED-GAINS-PRIOR>                            0
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                             7199
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                  40171
<AVERAGE-NET-ASSETS>                           3243960
<PER-SHARE-NAV-BEGIN>                               10
<PER-SHARE-NII>                                   0.03
<PER-SHARE-GAIN-APPREC>                           0.50
<PER-SHARE-DIVIDEND>                                 0
<PER-SHARE-DISTRIBUTIONS>                            0
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              10.53
<EXPENSE-RATIO>                                   0.95
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        

</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<SERIES>
   <NUMBER> 13
   <NAME> WORLDWIDE PRIVATIZATION PORTFOLIO
       
<S>                             <C>
<PERIOD-TYPE>                   3-MOS
<FISCAL-YEAR-END>                          DEC-31-1994
<PERIOD-END>                               DEC-31-1994
<INVESTMENTS-AT-COST>                          1132000
<INVESTMENTS-AT-VALUE>                         1132000
<RECEIVABLES>                                    11371
<ASSETS-OTHER>                                    9751
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                                 1153122
<PAYABLE-FOR-SECURITIES>                             0
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                        26060
<TOTAL-LIABILITIES>                              26060
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                       1119878
<SHARES-COMMON-STOCK>                           111570
<SHARES-COMMON-PRIOR>                                0
<ACCUMULATED-NII-CURRENT>                         7184
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                              0
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                             0
<NET-ASSETS>                                   1127062
<DIVIDEND-INCOME>                                    0
<INTEREST-INCOME>                                 8782
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                    1598
<NET-INVESTMENT-INCOME>                           7184
<REALIZED-GAINS-CURRENT>                             0
<APPREC-INCREASE-CURRENT>                            0
<NET-CHANGE-FROM-OPS>                             7184
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                            0
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                         111619
<NUMBER-OF-SHARES-REDEEMED>                         49
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</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<SERIES>
   <NUMBER> 14
   <NAME> CONSERVATIVE INVESTORS PORTFOLIO
       
<S>                             <C>
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<PERIOD-END>                               DEC-31-1994
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<SHARES-COMMON-STOCK>                            69581
<SHARES-COMMON-PRIOR>                                0
<ACCUMULATED-NII-CURRENT>                         3462
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                          (712)
<OVERDISTRIBUTION-GAINS>                             0
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<NET-ASSETS>                                    700892
<DIVIDEND-INCOME>                                  286
<INTEREST-INCOME>                                 4101
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                     925
<NET-INVESTMENT-INCOME>                           3462
<REALIZED-GAINS-CURRENT>                         (712)
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<NET-CHANGE-FROM-OPS>                             4043
<EQUALIZATION>                                       0
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<NUMBER-OF-SHARES-SOLD>                          71574
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</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<SERIES>
   <NUMBER> 15
   <NAME> GROWTH INVESTORS PORTFOLIO
       
<S>                             <C>
<PERIOD-TYPE>                   2-MOS
<FISCAL-YEAR-END>                          DEC-31-1994
<PERIOD-END>                               DEC-31-1994
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<ACCUMULATED-NII-CURRENT>                         1067
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<ACCUMULATED-NET-GAINS>                          (710)
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                        (3893)
<NET-ASSETS>                                    320798
<DIVIDEND-INCOME>                                  488
<INTEREST-INCOME>                                 1022
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                     443
<NET-INVESTMENT-INCOME>                           1067
<REALIZED-GAINS-CURRENT>                         (710)
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<NET-CHANGE-FROM-OPS>                           (3536)
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</TABLE>


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