<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 5
<NAME> ALGER AMERICAN BALANCED PORTFOLIO
<MULTIPLIER> 1
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> DEC-31-2000
<PERIOD-END> JUN-30-2000
<INVESTMENTS-AT-COST> 78266233
<INVESTMENTS-AT-VALUE> 88390486
<RECEIVABLES> 1499316
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 89889802
<PAYABLE-FOR-SECURITIES> 865426
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 430405
<TOTAL-LIABILITIES> 1295831
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 76336274
<SHARES-COMMON-STOCK> 5959848
<SHARES-COMMON-PRIOR> 3618469
<ACCUMULATED-NII-CURRENT> 750016
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 1383428
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 10124253
<NET-ASSETS> 88593971
<DIVIDEND-INCOME> 91478
<INTEREST-INCOME> 992054
<OTHER-INCOME> 0
<EXPENSES-NET> 323874
<NET-INVESTMENT-INCOME> 759658
<REALIZED-GAINS-CURRENT> 1552113
<APPREC-INCREASE-CURRENT> 1191434
<NET-CHANGE-FROM-OPS> 3503205
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> 6345825
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 2134624
<NUMBER-OF-SHARES-REDEEMED> 294755
<SHARES-REINVESTED> 501510
<NET-CHANGE-IN-ASSETS> 32267463
<ACCUMULATED-NII-PRIOR> 655687
<ACCUMULATED-GAINS-PRIOR> 6177140
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 268559
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 323874
<AVERAGE-NET-ASSETS> 72209234
<PER-SHARE-NAV-BEGIN> 15.57
<PER-SHARE-NII> .08
<PER-SHARE-GAIN-APPREC> .61
<PER-SHARE-DIVIDEND> .13
<PER-SHARE-DISTRIBUTIONS> 1.26
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 14.87
<EXPENSE-RATIO> .90
</TABLE>