<PAGE> PAGE 1
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007 C020200 GROWTH AND INCOME PORTFOLIO
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007 C010300 3
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<PAGE> PAGE 2
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007 C021100 GLOBAL DOLLAR GOVERNMENT PORTFOLIO
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007 C011200 12
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<PAGE> PAGE 3
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<PAGE> PAGE 4
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<PAGE> PAGE 5
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<PAGE> PAGE 6
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<PAGE> PAGE 7
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<PAGE> PAGE 8
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<PAGE> PAGE 9
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<PAGE> PAGE 10
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<PAGE> PAGE 11
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<PAGE> PAGE 12
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<PAGE> PAGE 13
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<PAGE> PAGE 39
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<PAGE> PAGE 40
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<PAGE> PAGE 41
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<PAGE> PAGE 42
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<PAGE> PAGE 43
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<PAGE> PAGE 44
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<PAGE> PAGE 45
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<PAGE> PAGE 46
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<PAGE> PAGE 47
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<PAGE> PAGE 48
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<PAGE> PAGE 49
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<PAGE> PAGE 50
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<PAGE> PAGE 51
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<PAGE> PAGE 52
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<PAGE> PAGE 53
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<PAGE> PAGE 54
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<PAGE> PAGE 55
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<PAGE> PAGE 56
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<PAGE> PAGE 57
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SIGNATURE STEVE YU
TITLE AVP
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 1
<NAME> SHORT-TERM MULTI MARKET PORTFOLIO
<S> <C>
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<PERIOD-END> JUN-30-1996
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<ACCUMULATED-NET-GAINS> (1,102,006)
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<NET-CHANGE-FROM-OPS> 199,087
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 369,515
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 305,314
<NUMBER-OF-SHARES-REDEEMED> 163,177
<SHARES-REINVESTED> 36,156
<NET-CHANGE-IN-ASSETS> 1,740,881
<ACCUMULATED-NII-PRIOR> 369,422
<ACCUMULATED-GAINS-PRIOR> (1,107,325)
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 11,603
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 58,624
<AVERAGE-NET-ASSETS> 4,242,293
<PER-SHARE-NAV-BEGIN> 10.58
<PER-SHARE-NII> .35
<PER-SHARE-GAIN-APPREC> .16
<PER-SHARE-DIVIDEND> .82
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 10.27
<EXPENSE-RATIO> .95
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 2
<NAME> GROWTH AND INCOME PORTFOLIO
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> DEC-31-1996
<PERIOD-END> JUN-30-1996
<INVESTMENTS-AT-COST> 77,740,709
<INVESTMENTS-AT-VALUE> 83,122,089
<RECEIVABLES> 256,198
<ASSETS-OTHER> 182,217
<OTHER-ITEMS-ASSETS> 31
<TOTAL-ASSETS> 83,560,535
<PAYABLE-FOR-SECURITIES> 921,956
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 116,253
<TOTAL-LIABILITIES> 1,038,209
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 72,981,638
<SHARES-COMMON-STOCK> 5,698,137
<SHARES-COMMON-PRIOR> 2,658,797
<ACCUMULATED-NII-CURRENT> 506,169
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 3,652,625
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 5,381,894
<NET-ASSETS> 82,522,326
<DIVIDEND-INCOME> 644,465
<INTEREST-INCOME> 119,951
<OTHER-INCOME> 0
<EXPENSES-NET> 259,731
<NET-INVESTMENT-INCOME> 504,685
<REALIZED-GAINS-CURRENT> 3,914,044
<APPREC-INCREASE-CURRENT> 914,539
<NET-CHANGE-FROM-OPS> 5,333,268
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 1,128,565
<DISTRIBUTIONS-OF-GAINS> 11,815,383
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 2,248,967
<NUMBER-OF-SHARES-REDEEMED> 106,643
<SHARES-REINVESTED> 897,016
<NET-CHANGE-IN-ASSETS> 40,529,498
<ACCUMULATED-NII-PRIOR> 1,130,049
<ACCUMULATED-GAINS-PRIOR> 11,553,964
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 191,588
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 261,712
<AVERAGE-NET-ASSETS> 61,645,076
<PER-SHARE-NAV-BEGIN> 15.79
<PER-SHARE-NII> .13
<PER-SHARE-GAIN-APPREC> 1.37
<PER-SHARE-DIVIDEND> .25
<PER-SHARE-DISTRIBUTIONS> 2.56
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 14.48
<EXPENSE-RATIO> .85
<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> 6-MOS
<FISCAL-YEAR-END> DEC-31-1996
<PERIOD-END> JUN-30-1996
<INVESTMENTS-AT-COST> 14,838,667
<INVESTMENTS-AT-VALUE> 14,857,151
<RECEIVABLES> 2,707,849
<ASSETS-OTHER> 1,264
<OTHER-ITEMS-ASSETS> 8,389
<TOTAL-ASSETS> 17,574,653
<PAYABLE-FOR-SECURITIES> 2,280,605
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 64,741
<TOTAL-LIABILITIES> 2,345,346
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 14,865,782
<SHARES-COMMON-STOCK> 1,374,828
<SHARES-COMMON-PRIOR> 950,828
<ACCUMULATED-NII-CURRENT> 395,753
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (63,524)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 31,296
<NET-ASSETS> 15,229,307
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 459,307
<OTHER-INCOME> 0
<EXPENSES-NET> 62,818
<NET-INVESTMENT-INCOME> 396,489
<REALIZED-GAINS-CURRENT> (44,140)
<APPREC-INCREASE-CURRENT> (290,828)
<NET-CHANGE-FROM-OPS> 61,521
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 1,035,617
<DISTRIBUTIONS-OF-GAINS> 309,324
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 322,115
<NUMBER-OF-SHARES-REDEEMED> 20,828
<SHARES-REINVESTED> 122,713
<NET-CHANGE-IN-ASSETS> 3,676,330
<ACCUMULATED-NII-PRIOR> 1,034,881
<ACCUMULATED-GAINS-PRIOR> 289,940
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 42,981
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 87,593
<AVERAGE-NET-ASSETS> 13,297,488
<PER-SHARE-NAV-BEGIN> 12.15
<PER-SHARE-NII> .36
<PER-SHARE-GAIN-APPREC> (.34)
<PER-SHARE-DIVIDEND> .84
<PER-SHARE-DISTRIBUTIONS> .25
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 11.08
<EXPENSE-RATIO> .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> 6-MOS
<FISCAL-YEAR-END> DEC-31-1996
<PERIOD-END> JUN-30-1996
<INVESTMENTS-AT-COST> 58,516,280
<INVESTMENTS-AT-VALUE> 64,788,602
<RECEIVABLES> 300,098
<ASSETS-OTHER> 90,583
<OTHER-ITEMS-ASSETS> 5,428
<TOTAL-ASSETS> 65,184,711
<PAYABLE-FOR-SECURITIES> 349,950
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 92,664
<TOTAL-LIABILITIES> 442,614
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 58,494,704
<SHARES-COMMON-STOCK> 4,667,052
<SHARES-COMMON-PRIOR> 1,644,774
<ACCUMULATED-NII-CURRENT> 119,504
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (144,433)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 6,272,322
<NET-ASSETS> 64,742,097
<DIVIDEND-INCOME> 269,810
<INTEREST-INCOME> 73,870
<OTHER-INCOME> 0
<EXPENSES-NET> 220,690
<NET-INVESTMENT-INCOME> 122,990
<REALIZED-GAINS-CURRENT> 357,267
<APPREC-INCREASE-CURRENT> 2,955,002
<NET-CHANGE-FROM-OPS> 3,435,259
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 316,135
<DISTRIBUTIONS-OF-GAINS> 17,322,907
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 1,814,729
<NUMBER-OF-SHARES-REDEEMED> 54,185
<SHARES-REINVESTED> 1,261,734
<NET-CHANGE-IN-ASSETS> 35,463,803
<ACCUMULATED-NII-PRIOR> 312,649
<ACCUMULATED-GAINS-PRIOR> 16,821,207
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 232,306
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 301,736
<AVERAGE-NET-ASSETS> 46,716,409
<PER-SHARE-NAV-BEGIN> 17.80
<PER-SHARE-NII> .05
<PER-SHARE-GAIN-APPREC> 1.49
<PER-SHARE-DIVIDEND> .1
<PER-SHARE-DISTRIBUTIONS> 5.37
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 13.87
<EXPENSE-RATIO> .95
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 5
<NAME> US GOVERNMENT/HIGH GRADE PORTFOLIO
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> DEC-31-1996
<PERIOD-END> JUN-30-1996
<INVESTMENTS-AT-COST> 25,760,084
<INVESTMENTS-AT-VALUE> 25,374,205
<RECEIVABLES> 359,090
<ASSETS-OTHER> 47
<OTHER-ITEMS-ASSETS> 9,552
<TOTAL-ASSETS> 25,742,894
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 520,972
<TOTAL-LIABILITIES> 520,972
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 25,207,244
<SHARES-COMMON-STOCK> 2,315,058
<SHARES-COMMON-PRIOR> 1,453,146
<ACCUMULATED-NII-CURRENT> 614,308
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (217,363)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> (382,267)
<NET-ASSETS> 25,221,922
<DIVIDEND-INCOME> 1,181
<INTEREST-INCOME> 714,959
<OTHER-INCOME> 0
<EXPENSES-NET> 100,795
<NET-INVESTMENT-INCOME> 615,345
<REALIZED-GAINS-CURRENT> (223,417)
<APPREC-INCREASE-CURRENT> (963,055)
<NET-CHANGE-FROM-OPS> (571,127)
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 621,506
<DISTRIBUTIONS-OF-GAINS> 289,591
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 997,428
<NUMBER-OF-SHARES-REDEEMED> 220,112
<SHARES-REINVESTED> 84,596
<NET-CHANGE-IN-ASSETS> 8,275,403
<ACCUMULATED-NII-PRIOR> 620,469
<ACCUMULATED-GAINS-PRIOR> 295,645
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 63,660
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 113,488
<AVERAGE-NET-ASSETS> 21,336,557
<PER-SHARE-NAV-BEGIN> 11.66
<PER-SHARE-NII> .33
<PER-SHARE-GAIN-APPREC> (.69)
<PER-SHARE-DIVIDEND> .28
<PER-SHARE-DISTRIBUTIONS> .13
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 10.89
<EXPENSE-RATIO> .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> 6-MOS
<FISCAL-YEAR-END> DEC-31-1996
<PERIOD-END> JUN-30-1996
<INVESTMENTS-AT-COST> 17,537,396
<INVESTMENTS-AT-VALUE> 18,039,305
<RECEIVABLES> 484,032
<ASSETS-OTHER> 243
<OTHER-ITEMS-ASSETS> 7,283
<TOTAL-ASSETS> 18,530,863
<PAYABLE-FOR-SECURITIES> 4,790
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 72,599
<TOTAL-LIABILITIES> 77,389
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 17,510,137
<SHARES-COMMON-STOCK> 1,394,237
<SHARES-COMMON-PRIOR> 643,972
<ACCUMULATED-NII-CURRENT> 181,194
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 260,234
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 501,909
<NET-ASSETS> 18,453,474
<DIVIDEND-INCOME> 67,871
<INTEREST-INCOME> 174,435
<OTHER-INCOME> 0
<EXPENSES-NET> 60,940
<NET-INVESTMENT-INCOME> 181,366
<REALIZED-GAINS-CURRENT> 259,834
<APPREC-INCREASE-CURRENT> 85,910
<NET-CHANGE-FROM-OPS> 527,110
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 88,093
<DISTRIBUTIONS-OF-GAINS> 44,705
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 763,189
<NUMBER-OF-SHARES-REDEEMED> 22,999
<SHARES-REINVESTED> 10,075
<NET-CHANGE-IN-ASSETS> 10,211,033
<ACCUMULATED-NII-PRIOR> 87,921
<ACCUMULATED-GAINS-PRIOR> 45,105
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 40,093
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 89,226
<AVERAGE-NET-ASSETS> 12,900,124
<PER-SHARE-NAV-BEGIN> 12.80
<PER-SHARE-NII> .18
<PER-SHARE-GAIN-APPREC> .36
<PER-SHARE-DIVIDEND> .07
<PER-SHARE-DISTRIBUTIONS> .03
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 13.24
<EXPENSE-RATIO> .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> 6-MOS
<FISCAL-YEAR-END> DEC-31-1996
<PERIOD-END> JUN-30-1996
<INVESTMENTS-AT-COST> 30,203,817
<INVESTMENTS-AT-VALUE> 31,810,847
<RECEIVABLES> 192,078
<ASSETS-OTHER> 8,932
<OTHER-ITEMS-ASSETS> 7,458
<TOTAL-ASSETS> 32,019,315
<PAYABLE-FOR-SECURITIES> 555,880
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 107,435
<TOTAL-LIABILITIES> 663,315
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 29,031,119
<SHARES-COMMON-STOCK> 2,108,731
<SHARES-COMMON-PRIOR> 1,175,986
<ACCUMULATED-NII-CURRENT> 213,408
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 517,616
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 1,593,857
<NET-ASSETS> 31,356,000
<DIVIDEND-INCOME> 256,534
<INTEREST-INCOME> 68,980
<OTHER-INCOME> 0
<EXPENSES-NET> 111,069
<NET-INVESTMENT-INCOME> 214,445
<REALIZED-GAINS-CURRENT> 580,102
<APPREC-INCREASE-CURRENT> 853,868
<NET-CHANGE-FROM-OPS> 1,648,415
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 155,834
<DISTRIBUTIONS-OF-GAINS> 244,881
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 942,440
<NUMBER-OF-SHARES-REDEEMED> 36,843
<SHARES-REINVESTED> 27,148
<NET-CHANGE-IN-ASSETS> 14,814,365
<ACCUMULATED-NII-PRIOR> 154,797
<ACCUMULATED-GAINS-PRIOR> 182,395
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 116,915
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 256,447
<AVERAGE-NET-ASSETS> 23,511,520
<PER-SHARE-NAV-BEGIN> 14.07
<PER-SHARE-NII> .13
<PER-SHARE-GAIN-APPREC> .87
<PER-SHARE-DIVIDEND> .08
<PER-SHARE-DISTRIBUTIONS> .12
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 14.87
<EXPENSE-RATIO> .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> 6-MOS
<FISCAL-YEAR-END> DEC-31-1996
<PERIOD-END> JUN-30-1996
<INVESTMENTS-AT-COST> 52,261,184
<INVESTMENTS-AT-VALUE> 52,261,184
<RECEIVABLES> 474,020
<ASSETS-OTHER> 333,891
<OTHER-ITEMS-ASSETS> 7,486
<TOTAL-ASSETS> 53,076,581
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 135,612
<TOTAL-LIABILITIES> 135,612
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 52,940,366
<SHARES-COMMON-STOCK> 52,941,169
<SHARES-COMMON-PRIOR> 28,092,065
<ACCUMULATED-NII-CURRENT> 803
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (200)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 0
<NET-ASSETS> 52,940,969
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 1,107,355
<OTHER-INCOME> 0
<EXPENSES-NET> 156,355
<NET-INVESTMENT-INCOME> 951,000
<REALIZED-GAINS-CURRENT> (443)
<APPREC-INCREASE-CURRENT> 0
<NET-CHANGE-FROM-OPS> 950,557
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 951,000
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 74,453,382
<NUMBER-OF-SHARES-REDEEMED> (50,555,311)
<SHARES-REINVESTED> 951,033
<NET-CHANGE-IN-ASSETS> 24,848,661
<ACCUMULATED-NII-PRIOR> 803
<ACCUMULATED-GAINS-PRIOR> 243
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 104,255
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 157,508
<AVERAGE-NET-ASSETS> 41,931,155
<PER-SHARE-NAV-BEGIN> 1.00
<PER-SHARE-NII> .02
<PER-SHARE-GAIN-APPREC> 0
<PER-SHARE-DIVIDEND> .02
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 1.00
<EXPENSE-RATIO> .75
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 9
<NAME> NORTH AMERICAN GOVERNMENT PORTFOLIO
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> DEC-31-1996
<PERIOD-END> JUN-30-1996
<INVESTMENTS-AT-COST> 10,533,686
<INVESTMENTS-AT-VALUE> 11,083,837
<RECEIVABLES> 323,506
<ASSETS-OTHER> 13,371
<OTHER-ITEMS-ASSETS> 13,809
<TOTAL-ASSETS> 11,434,523
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 38,276
<TOTAL-LIABILITIES> 38,276
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 10,355,714
<SHARES-COMMON-STOCK> 1,006,963
<SHARES-COMMON-PRIOR> 694,380
<ACCUMULATED-NII-CURRENT> 601,509
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (112,741)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 551,765
<NET-ASSETS> 11,396,247
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 647,215
<OTHER-INCOME> 0
<EXPENSES-NET> 44,038
<NET-INVESTMENT-INCOME> 603,177
<REALIZED-GAINS-CURRENT> (112,311)
<APPREC-INCREASE-CURRENT> 236,051
<NET-CHANGE-FROM-OPS> 726,917
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 49,608
<DISTRIBUTIONS-OF-GAINS> 3,969
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 424,921
<NUMBER-OF-SHARES-REDEEMED> 117,143
<SHARES-REINVESTED> 4,805
<NET-CHANGE-IN-ASSETS> 4,118,320
<ACCUMULATED-NII-PRIOR> 47,940
<ACCUMULATED-GAINS-PRIOR> 3,539
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 30,131
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 75,331
<AVERAGE-NET-ASSETS> 9,322,115
<PER-SHARE-NAV-BEGIN> 10.48
<PER-SHARE-NII> .71
<PER-SHARE-GAIN-APPREC> .18
<PER-SHARE-DIVIDEND> .05
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 11.32
<EXPENSE-RATIO> .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> 6-MOS
<FISCAL-YEAR-END> DEC-31-1996
<PERIOD-END> JUN-30-1996
<INVESTMENTS-AT-COST> 11,736,880
<INVESTMENTS-AT-VALUE> 12,104,335
<RECEIVABLES> 47,463
<ASSETS-OTHER> 118,946
<OTHER-ITEMS-ASSETS> 8,738
<TOTAL-ASSETS> 12,279,482
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 28,288
<TOTAL-LIABILITIES> 28,288
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 11,580,766
<SHARES-COMMON-STOCK> 1,008,590
<SHARES-COMMON-PRIOR> 520,402
<ACCUMULATED-NII-CURRENT> 100,182
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 202,791
<OVERDISTRIBUTION-GAINS> 0
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</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 11
<NAME> GLOBAL DOLLAR GOVERNMENT PORTFOLIO
<S> <C>
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<PERIOD-END> JUN-30-1996
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<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 90,366
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<PER-SHARE-NAV-BEGIN> 11.95
<PER-SHARE-NII> .56
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</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 12
<NAME> GROWTH PORTFOLIO
<S> <C>
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<FISCAL-YEAR-END> DEC-31-1996
<PERIOD-END> JUN-30-1996
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<PER-SHARE-NAV-BEGIN> 14.23
<PER-SHARE-NII> .03
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</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 13
<NAME> WORLWIDE PRIVATIZATION PORTFOLIO
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> DEC-31-1996
<PERIOD-END> JUN-30-1996
<INVESTMENTS-AT-COST> 11,235,460
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</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 14
<NAME> CONSERVATIVE INVESTORS PORTFOLIO
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> DEC-31-1996
<PERIOD-END> JUN-30-1996
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<ACCUMULATED-NET-GAINS> (186,467)
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<EXPENSES-NET> 56,366
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</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 15
<NAME> GROWTH INVESTORS PORTFOLIO
<S> <C>
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<FISCAL-YEAR-END> DEC-31-1996
<PERIOD-END> JUN-30-1996
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<NET-INVESTMENT-INCOME> 83,709
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<PER-SHARE-NII> .14
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</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 16
<NAME> TECHNOLOGY PORTFOLIO
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> DEC-31-1996
<PERIOD-END> JUN-30-1996
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<PER-SHARE-NII> .08
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<PER-SHARE-NAV-END> 9.91
<EXPENSE-RATIO> .95
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</TABLE>
