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<PAGE> PAGE 16
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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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<PAGE> PAGE 24
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<PAGE> PAGE 26
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<PAGE> PAGE 27
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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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<PAGE> PAGE 39
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<PAGE> PAGE 41
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<PAGE> PAGE 42
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070 F020900 N
070 G010900 N
070 G020900 N
070 H010900 N
070 H020900 N
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070 I020900 N
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070 J020900 N
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070 K020900 Y
070 L010900 N
070 L020900 N
070 M010900 N
070 M020900 N
070 N010900 N
070 N020900 N
070 O010900 Y
070 O020900 N
070 P010900 N
070 P020900 N
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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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070 G011000 N
070 G021000 N
070 H011000 N
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070 I011000 N
070 I021000 N
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070 K011000 Y
070 K021000 N
070 L011000 Y
070 L021000 N
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<PAGE> PAGE 47
070 P021000 N
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<PAGE> PAGE 48
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008 A001101 DIRECTED SERVICES, INC.
008 B001101 A
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<PAGE> PAGE 49
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<PAGE> PAGE 50
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<PAGE> PAGE 51
070 J011100 Y
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<PAGE> PAGE 52
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008 A001201 DIRECTED SERVICES, INC.
008 B001201 A
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<PAGE> PAGE 53
008 D021204 NY
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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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<PAGE> PAGE 58
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<PAGE> PAGE 59
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<PAGE> PAGE 60
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<PAGE> PAGE 61
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075 B001300 0
076 001300 0.00
008 A001401 ZWEIG ADVISORS INC.
008 B001401 S
008 C001401 801-27366
008 D011401 NEW YORK
008 D021401 NY
008 D031401 10022
008 A001404 DIRECTED SERVICES, INC.
008 B001404 A
008 C001404 801-32675
008 D011404 NEW YORK
008 D021404 NY
008 D031404 10017
024 001400 N
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025 D001402 0
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025 D001406 0
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<PAGE> PAGE 62
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045 001400 Y
047 001400 Y
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048 K021400 0.000
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050 001400 N
051 001400 N
052 001400 N
<PAGE> PAGE 63
053 A001400 N
058 A001400 N
059 001400 Y
060 A001400 Y
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062 N001400 0.0
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066 A001400 Y
066 C001400 Y
070 A011400 Y
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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 Y
070 G011400 Y
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070 H011400 Y
070 H021400 N
070 I011400 Y
070 I021400 N
070 J011400 Y
070 J021400 N
070 K011400 Y
070 K021400 N
070 L011400 Y
070 L021400 N
070 M011400 Y
<PAGE> PAGE 64
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070 N011400 Y
070 N021400 N
070 O011400 Y
070 O021400 N
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070 P021400 N
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070 Q021400 N
070 R011400 Y
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<PAGE> PAGE 65
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SIGNATURE TODD MCGRATH
TITLE ASSISTANT TREASURER
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 1
<NAME> GCG Trust Multiple Allocation Series
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> DEC-31-1995
<PERIOD-END> DEC-31-1995
<INVESTMENTS-AT-COST> 295,333,987
<INVESTMENTS-AT-VALUE> 310,499,612
<RECEIVABLES> 2,932,210
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 313,431,822
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 5,740,902
<TOTAL-LIABILITIES> 5,740,902
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 286,468,604
<SHARES-COMMON-STOCK> 24,570,757
<SHARES-COMMON-PRIOR> 26,414,658
<ACCUMULATED-NII-CURRENT> 3,272,200
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 2,784,501
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 15,165,615
<NET-ASSETS> 307,690,920
<DIVIDEND-INCOME> 3,076,889
<INTEREST-INCOME> 13,502,765
<OTHER-INCOME> 0
<EXPENSES-NET> 3,076,344
<NET-INVESTMENT-INCOME> 13,503,310
<REALIZED-GAINS-CURRENT> 21,863,102
<APPREC-INCREASE-CURRENT> 17,506,930
<NET-CHANGE-FROM-OPS> 52,873,342
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (10,231,220)
<DISTRIBUTIONS-OF-GAINS> (11,548,721)
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 681,202
<NUMBER-OF-SHARES-REDEEMED> (4,270,291)
<SHARES-REINVESTED> 1,745,188
<NET-CHANGE-IN-ASSETS> 8,298,863
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> (7,529,770)
<GROSS-ADVISORY-FEES> 3,056,095
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 3,076,344
<AVERAGE-NET-ASSETS> 305,661,341
<PER-SHARE-NAV-BEGIN> 11.33
<PER-SHARE-NII> 0.58
<PER-SHARE-GAIN-APPREC> 1.56
<PER-SHARE-DIVIDEND> (0.45)
<PER-SHARE-DISTRIBUTIONS> (0.50)
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<PER-SHARE-NAV-END> 12.52
<EXPENSE-RATIO> 1.01
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 2
<NAME> GCG Trust Fully Managed Series
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> DEC-31-1995
<PERIOD-END> DEC-31-1995
<INVESTMENTS-AT-COST> 105,756,752
<INVESTMENTS-AT-VALUE> 118,119,291
<RECEIVABLES> 893,227
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 119,012,518
<PAYABLE-FOR-SECURITIES> 174,756
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 248,813
<TOTAL-LIABILITIES> 423,569
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 107,221,217
<SHARES-COMMON-STOCK> 8,601,294
<SHARES-COMMON-PRIOR> 8,535,516
<ACCUMULATED-NII-CURRENT> 901,688
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (1,896,482)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 12,362,526
<NET-ASSETS> 118,588,949
<DIVIDEND-INCOME> 2,000,690
<INTEREST-INCOME> 2,873,190
<OTHER-INCOME> 0
<EXPENSES-NET> 1,110,105
<NET-INVESTMENT-INCOME> 3,763,775
<REALIZED-GAINS-CURRENT> (1,084,355)
<APPREC-INCREASE-CURRENT> 18,065,630
<NET-CHANGE-FROM-OPS> 20,745,050
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (2,873,042)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 918,348
<NUMBER-OF-SHARES-REDEEMED> (1,061,671)
<SHARES-REINVESTED> 209,101
<NET-CHANGE-IN-ASSETS> 18,734,802
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> (801,172)
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 1,102,160
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 1,110,105
<AVERAGE-NET-ASSETS> 110,275,101
<PER-SHARE-NAV-BEGIN> 11.70
<PER-SHARE-NII> 0.45
<PER-SHARE-GAIN-APPREC> 1.98
<PER-SHARE-DIVIDEND> (0.34)
<PER-SHARE-DISTRIBUTIONS> 0.00
<RETURNS-OF-CAPITAL> 0.00
<PER-SHARE-NAV-END> 13.79
<EXPENSE-RATIO> 1.01
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 3
<NAME> GCG Trust Limited Maturity Bond Series
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> DEC-31-1995
<PERIOD-END> DEC-31-1995
<INVESTMENTS-AT-COST> 88,542,644
<INVESTMENTS-AT-VALUE> 89,271,751
<RECEIVABLES> 867,735
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 90,139,486
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 58,118
<TOTAL-LIABILITIES> 58,118
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 84,355,576
<SHARES-COMMON-STOCK> 8,079,425
<SHARES-COMMON-PRIOR> 7,235,836
<ACCUMULATED-NII-CURRENT> 4,807,767
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 188,918
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 729,107
<NET-ASSETS> 90,081,368
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 5,332,243
<OTHER-INCOME> 0
<EXPENSES-NET> 522,864
<NET-INVESTMENT-INCOME> 4,809,379
<REALIZED-GAINS-CURRENT> 2,463,897
<APPREC-INCREASE-CURRENT> 2,326,656
<NET-CHANGE-FROM-OPS> 9,599,932
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 3,239,979
<NUMBER-OF-SHARES-REDEEMED> (2,396,390)
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> 17,868,409
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> (2,276,591)
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 516,872
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 522,864
<AVERAGE-NET-ASSETS> 86,207,530
<PER-SHARE-NAV-BEGIN> 9.98
<PER-SHARE-NII> 0.60
<PER-SHARE-GAIN-APPREC> 0.57
<PER-SHARE-DIVIDEND> 0.00
<PER-SHARE-DISTRIBUTIONS> 0.00
<RETURNS-OF-CAPITAL> 0.00
<PER-SHARE-NAV-END> 11.15
<EXPENSE-RATIO> 0.61
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 4
<NAME> GCG TRUST NATURAL RESOURCES SERIES
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> DEC-31-1995
<PERIOD-END> DEC-31-1995
<INVESTMENTS-AT-COST> 22,670,938
<INVESTMENTS-AT-VALUE> 26,596,931
<RECEIVABLES> 1,405,883
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 48,000
<TOTAL-ASSETS> 28,050,814
<PAYABLE-FOR-SECURITIES> 813,021
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 90,775
<TOTAL-LIABILITIES> 903,796
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 22,706,248
<SHARES-COMMON-STOCK> 1,804,987
<SHARES-COMMON-PRIOR> 2,369,573
<ACCUMULATED-NII-CURRENT> 44,414
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 470,559
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 3,925,797
<NET-ASSETS> 27,147,018
<DIVIDEND-INCOME> 494,731
<INTEREST-INCOME> 59,501
<OTHER-INCOME> 0
<EXPENSES-NET> 294,547
<NET-INVESTMENT-INCOME> 259,685
<REALIZED-GAINS-CURRENT> 851,341
<APPREC-INCREASE-CURRENT> 1,526,580
<NET-CHANGE-FROM-OPS> 2,637,606
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (224,208)
<DISTRIBUTIONS-OF-GAINS> (349,161)
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 762,645
<NUMBER-OF-SHARES-REDEEMED> (1,365,405)
<SHARES-REINVESTED> 38,174
<NET-CHANGE-IN-ASSETS> (5,731,503)
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> (22,684)
<GROSS-ADVISORY-FEES> 291,869
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 294,547
<AVERAGE-NET-ASSETS> 29,174,157
<PER-SHARE-NAV-BEGIN> 13.88
<PER-SHARE-NII> 0.15
<PER-SHARE-GAIN-APPREC> 1.34
<PER-SHARE-DIVIDEND> (0.13)
<PER-SHARE-DISTRIBUTIONS> (0.20)
<RETURNS-OF-CAPITAL> 0.00
<PER-SHARE-NAV-END> 15.04
<EXPENSE-RATIO> 1.01
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 5
<NAME> GCG Trust Real Estate Series
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> DEC-31-1995
<PERIOD-END> DEC-31-1995
<INVESTMENTS-AT-COST> 31,149,608
<INVESTMENTS-AT-VALUE> 34,486,872
<RECEIVABLES> 397,480
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 120,442
<TOTAL-ASSETS> 35,004,794
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 29,875
<TOTAL-LIABILITIES> 29,875
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 31,219,617
<SHARES-COMMON-STOCK> 2,770,209
<SHARES-COMMON-PRIOR> 3,306,077
<ACCUMULATED-NII-CURRENT> 609,884
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (191,846)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 3,337,264
<NET-ASSETS> 34,974,919
<DIVIDEND-INCOME> 2,248,846
<INTEREST-INCOME> 117,161
<OTHER-INCOME> 0
<EXPENSES-NET> 350,806
<NET-INVESTMENT-INCOME> 2,015,201
<REALIZED-GAINS-CURRENT> 39,122
<APPREC-INCREASE-CURRENT> 3,141,679
<NET-CHANGE-FROM-OPS> 5,196,002
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (1,405,317)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 283,832
<NUMBER-OF-SHARES-REDEEMED> (931,767)
<SHARES-REINVESTED> 112,067
<NET-CHANGE-IN-ASSETS> (2,361,276)
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> (230,968)
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 347,823
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 350,806
<AVERAGE-NET-ASSETS> 34,790,167
<PER-SHARE-NAV-BEGIN> 11.29
<PER-SHARE-NII> 0.75
<PER-SHARE-GAIN-APPREC> 1.12
<PER-SHARE-DIVIDEND> (0.53)
<PER-SHARE-DISTRIBUTIONS> 0.00
<RETURNS-OF-CAPITAL> 0.00
<PER-SHARE-NAV-END> 12.63
<EXPENSE-RATIO> 1.01
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 6
<NAME> GCG Trust All-Growth Series
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> DEC-31-1995
<PERIOD-END> DEC-31-1995
<INVESTMENTS-AT-COST> 86,262,449
<INVESTMENTS-AT-VALUE> 93,636,351
<RECEIVABLES> 27,546
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 19,424
<TOTAL-ASSETS> 93,683,321
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 484,919
<TOTAL-LIABILITIES> 484,919
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 84,483,605
<SHARES-COMMON-STOCK> 6,764,223
<SHARES-COMMON-PRIOR> 6,006,022
<ACCUMULATED-NII-CURRENT> 267,485
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 1,073,410
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 7,373,902
<NET-ASSETS> 93,198,402
<DIVIDEND-INCOME> 999,437
<INTEREST-INCOME> 1,025,963
<OTHER-INCOME> 0
<EXPENSES-NET> 838,821
<NET-INVESTMENT-INCOME> 1,186,579
<REALIZED-GAINS-CURRENT> 6,321,047
<APPREC-INCREASE-CURRENT> 8,831,778
<NET-CHANGE-FROM-OPS> 16,339,404
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (919,094)
<DISTRIBUTIONS-OF-GAINS> (3,826,657)
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 1,383,667
<NUMBER-OF-SHARES-REDEEMED> (971,114)
<SHARES-REINVESTED> 345,648
<NET-CHANGE-IN-ASSETS> 21,980,799
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> (1,420,982)
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 832,889
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 838,821
<AVERAGE-NET-ASSETS> 83,352,828
<PER-SHARE-NAV-BEGIN> 11.86
<PER-SHARE-NII> 0.18
<PER-SHARE-GAIN-APPREC> 2.47
<PER-SHARE-DIVIDEND> (0.14)
<PER-SHARE-DISTRIBUTIONS> (0.59)
<RETURNS-OF-CAPITAL> 0.00
<PER-SHARE-NAV-END> 13.78
<EXPENSE-RATIO> 1.01
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 7
<NAME> GCG Trust Liquid Assets Series
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> DEC-31-1995
<PERIOD-END> DEC-31-1995
<INVESTMENTS-AT-COST> 38,602,533
<INVESTMENTS-AT-VALUE> 38,602,533
<RECEIVABLES> 84,880
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 38,687,413
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 98,724
<TOTAL-LIABILITIES> 98,724
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 38,588,876
<SHARES-COMMON-STOCK> 38,588,906
<SHARES-COMMON-PRIOR> 46,122,242
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (187)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 0
<NET-ASSETS> 38,588,689
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 2,544,008
<OTHER-INCOME> 0
<EXPENSES-NET> 258,158
<NET-INVESTMENT-INCOME> 2,285,850
<REALIZED-GAINS-CURRENT> 51
<APPREC-INCREASE-CURRENT> 0
<NET-CHANGE-FROM-OPS> 2,285,901
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (2,285,850)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 39,465,529
<NUMBER-OF-SHARES-REDEEMED> (49,284,713)
<SHARES-REINVESTED> 2,285,849
<NET-CHANGE-IN-ASSETS> (7,533,284)
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> (238)
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 254,546
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 258,158
<AVERAGE-NET-ASSETS> 42,403,616
<PER-SHARE-NAV-BEGIN> 1.00
<PER-SHARE-NII> 0.05
<PER-SHARE-GAIN-APPREC> (0.00)
<PER-SHARE-DIVIDEND> (0.05)
<PER-SHARE-DISTRIBUTIONS> 0.00
<RETURNS-OF-CAPITAL> 0.00
<PER-SHARE-NAV-END> 1.00
<EXPENSE-RATIO> 0.61
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 8
<NAME> GCG Trust Capital Apprec Series
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> DEC-31-1995
<PERIOD-END> DEC-31-1995
<INVESTMENTS-AT-COST> 105,880,204
<INVESTMENTS-AT-VALUE> 122,310,953
<RECEIVABLES> 186,374
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 122,497,327
<PAYABLE-FOR-SECURITIES> 157,047
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 113,040
<TOTAL-LIABILITIES> 270,087
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 104,344,471
<SHARES-COMMON-STOCK> 9,045,920
<SHARES-COMMON-PRIOR> 7,837,978
<ACCUMULATED-NII-CURRENT> 379,294
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 1,072,726
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 16,430,749
<NET-ASSETS> 122,227,240
<DIVIDEND-INCOME> 2,153,465
<INTEREST-INCOME> 529,149
<OTHER-INCOME> 0
<EXPENSES-NET> 1,062,664
<NET-INVESTMENT-INCOME> 1,619,950
<REALIZED-GAINS-CURRENT> 10,480,166
<APPREC-INCREASE-CURRENT> 15,080,708
<NET-CHANGE-FROM-OPS> 27,180,824
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (1,240,656)
<DISTRIBUTIONS-OF-GAINS> (9,067,480)
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 1,496,478
<NUMBER-OF-SHARES-REDEEMED> (1,055,510)
<SHARES-REINVESTED> 766,974
<NET-CHANGE-IN-ASSETS> 33,337,592
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> (339,960)
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 1,055,352
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 1,062,664
<AVERAGE-NET-ASSETS> 105,631,788
<PER-SHARE-NAV-BEGIN> 11.34
<PER-SHARE-NII> 0.19
<PER-SHARE-GAIN-APPREC> 3.22
<PER-SHARE-DIVIDEND> (0.15)
<PER-SHARE-DISTRIBUTIONS> (1.09)
<RETURNS-OF-CAPITAL> 0.00
<PER-SHARE-NAV-END> 13.51
<EXPENSE-RATIO> 1.01
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 9
<NAME> GCG Trust Fund For Life Series
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> DEC-31-1995
<PERIOD-END> DEC-31-1995
<INVESTMENTS-AT-COST> 274,641
<INVESTMENTS-AT-VALUE> 311,704
<RECEIVABLES> 371
<ASSETS-OTHER> 26,729
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 338,804
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 5,755
<TOTAL-LIABILITIES> 5,755
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 214,969
<SHARES-COMMON-STOCK> 30,416
<SHARES-COMMON-PRIOR> 0
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 81,017
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 37,063
<NET-ASSETS> 333,049
<DIVIDEND-INCOME> 16,069
<INTEREST-INCOME> 0
<OTHER-INCOME> 0
<EXPENSES-NET> 35,276
<NET-INVESTMENT-INCOME> (19,207)
<REALIZED-GAINS-CURRENT> 82,284
<APPREC-INCREASE-CURRENT> 105,511
<NET-CHANGE-FROM-OPS> 168,587
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (614)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 719
<NUMBER-OF-SHARES-REDEEMED> (116,153)
<SHARES-REINVESTED> 56
<NET-CHANGE-IN-ASSETS> (1,012,937)
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 2,490
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 40,888
<AVERAGE-NET-ASSETS> 828,234
<PER-SHARE-NAV-BEGIN> 9.23
<PER-SHARE-NII> (0.24)
<PER-SHARE-GAIN-APPREC> 1.98
<PER-SHARE-DIVIDEND> 0.02
<PER-SHARE-DISTRIBUTIONS> 0.00
<RETURNS-OF-CAPITAL> 0.00
<PER-SHARE-NAV-END> 10.95
<EXPENSE-RATIO> 4.25
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 10
<NAME> GCG Trust Rising Dividends Series
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> DEC-31-1995
<PERIOD-END> DEC-31-1995
<INVESTMENTS-AT-COST> 64,409,167
<INVESTMENTS-AT-VALUE> 81,153,496
<RECEIVABLES> 127,178
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 12,666
<TOTAL-ASSETS> 81,293,340
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 83,631
<TOTAL-LIABILITIES> 83,631
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 64,800,458
<SHARES-COMMON-STOCK> 6,105,857
<SHARES-COMMON-PRIOR> 4,962,344
<ACCUMULATED-NII-CURRENT> 225,568
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (560,646)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 16,744,329
<NET-ASSETS> 81,209,709
<DIVIDEND-INCOME> 1,244,072
<INTEREST-INCOME> 200,243
<OTHER-INCOME> 0
<EXPENSES-NET> 645,869
<NET-INVESTMENT-INCOME> 798,446
<REALIZED-GAINS-CURRENT> 3,219
<APPREC-INCREASE-CURRENT> 16,739,426
<NET-CHANGE-FROM-OPS> 17,541,091
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (572,878)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 1,699,595
<NUMBER-OF-SHARES-REDEEMED> (599,318)
<SHARES-REINVESTED> 43,236
<NET-CHANGE-IN-ASSETS> 30,497,550
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> (563,865)
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 641,200
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 645,869
<AVERAGE-NET-ASSETS> 64,208,060
<PER-SHARE-NAV-BEGIN> 10.22
<PER-SHARE-NII> 0.13
<PER-SHARE-GAIN-APPREC> 3.04
<PER-SHARE-DIVIDEND> (0.09)
<PER-SHARE-DISTRIBUTIONS> 0.00
<RETURNS-OF-CAPITAL> 0.00
<PER-SHARE-NAV-END> 13.30
<EXPENSE-RATIO> 1.01
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 11
<NAME> GCG Trust Emerging Markets Series
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> DEC-31-1995
<PERIOD-END> DEC-31-1995
<INVESTMENTS-AT-COST> 50,186,214
<INVESTMENTS-AT-VALUE> 47,450,128
<RECEIVABLES> 129,134
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 761,947
<TOTAL-ASSETS> 48,341,209
<PAYABLE-FOR-SECURITIES> 191,751
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 175,075
<TOTAL-LIABILITIES> 366,826
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 63,338,880
<SHARES-COMMON-STOCK> 5,297,187
<SHARES-COMMON-PRIOR> 6,472,923
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (12,529,260)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> (2,835,237)
<NET-ASSETS> 47,974,383
<DIVIDEND-INCOME> 818,975
<INTEREST-INCOME> 234,064
<OTHER-INCOME> 0
<EXPENSES-NET> 834,872
<NET-INVESTMENT-INCOME> 218,167
<REALIZED-GAINS-CURRENT> (12,829,743)
<APPREC-INCREASE-CURRENT> 6,612,101
<NET-CHANGE-FROM-OPS> (5,999,475)
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> (7,833)
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 1,967,737
<NUMBER-OF-SHARES-REDEEMED> (3,144,286)
<SHARES-REINVESTED> 813
<NET-CHANGE-IN-ASSETS> (17,249,529)
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> (10,728)
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 817,859
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 834,872
<AVERAGE-NET-ASSETS> 54,494,075
<PER-SHARE-NAV-BEGIN> 10.08
<PER-SHARE-NII> 0.04
<PER-SHARE-GAIN-APPREC> (1.06)
<PER-SHARE-DIVIDEND> 0.00
<PER-SHARE-DISTRIBUTIONS> 0.00
<RETURNS-OF-CAPITAL> 0.00
<PER-SHARE-NAV-END> 9.06
<EXPENSE-RATIO> 1.53
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 12
<NAME> GCG Trust Market Manager Series
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> DEC-31-1995
<PERIOD-END> DEC-31-1995
<INVESTMENTS-AT-COST> 4,879,462
<INVESTMENTS-AT-VALUE> 5,851,699
<RECEIVABLES> 8,388
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 92,817
<TOTAL-ASSETS> 5,952,904
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 483
<TOTAL-LIABILITIES> 483
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 4,979,248
<SHARES-COMMON-STOCK> 494,701
<SHARES-COMMON-PRIOR> 274,824
<ACCUMULATED-NII-CURRENT> 145
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 791
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 972,237
<NET-ASSETS> 5,952,421
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 223,253
<OTHER-INCOME> 0
<EXPENSES-NET> 45,970
<NET-INVESTMENT-INCOME> 177,283
<REALIZED-GAINS-CURRENT> 26,779
<APPREC-INCREASE-CURRENT> 972,237
<NET-CHANGE-FROM-OPS> 1,176,299
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (177,138)
<DISTRIBUTIONS-OF-GAINS> (25,988)
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 283,159
<NUMBER-OF-SHARES-REDEEMED> (80,266)
<SHARES-REINVESTED> 16,984
<NET-CHANGE-IN-ASSETS> 3,198,175
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 51,724
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 52,718
<AVERAGE-NET-ASSETS> 5,181,379
<PER-SHARE-NAV-BEGIN> 10.02
<PER-SHARE-NII> 0.37
<PER-SHARE-GAIN-APPREC> 2.06
<PER-SHARE-DIVIDEND> (0.37)
<PER-SHARE-DISTRIBUTIONS> (0.05)
<RETURNS-OF-CAPITAL> 0.00
<PER-SHARE-NAV-END> 12.03
<EXPENSE-RATIO> 0.89
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 13
<NAME> GCG TRUST VALUE EQUITY SERIES
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> DEC-31-1995
<PERIOD-END> DEC-31-1995
<INVESTMENTS-AT-COST> 26,383,392
<INVESTMENTS-AT-VALUE> 28,738,959
<RECEIVABLES> 1,244,757
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 29,983,716
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 1,153,228
<TOTAL-LIABILITIES> 1,153,228
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 26,252,585
<SHARES-COMMON-STOCK> 2,187,943
<SHARES-COMMON-PRIOR> 500
<ACCUMULATED-NII-CURRENT> 44,111
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 178,227
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 2,355,565
<NET-ASSETS> 28,830,488
<DIVIDEND-INCOME> 232,858
<INTEREST-INCOME> 42,179
<OTHER-INCOME> 0
<EXPENSES-NET> 109,396
<NET-INVESTMENT-INCOME> 165,641
<REALIZED-GAINS-CURRENT> 776,757
<APPREC-INCREASE-CURRENT> 2,355,565
<NET-CHANGE-FROM-OPS> 3,297,963
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (121,533)
<DISTRIBUTIONS-OF-GAINS> (598,527)
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 2,389,084
<NUMBER-OF-SHARES-REDEEMED> (256,691)
<SHARES-REINVESTED> 55,050
<NET-CHANGE-IN-ASSETS> 28,825,488
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 108,140
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 109,396
<AVERAGE-NET-ASSETS> 10,893,079
<PER-SHARE-NAV-BEGIN> 10.00
<PER-SHARE-NII> 0.08
<PER-SHARE-GAIN-APPREC> 3.44
<PER-SHARE-DIVIDEND> (0.06)
<PER-SHARE-DISTRIBUTIONS> (0.28)
<RETURNS-OF-CAPITAL> 0.00
<PER-SHARE-NAV-END> 13.18
<EXPENSE-RATIO> 1.01
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 14
<NAME> GCG TRUST STRATEGIC EQUITY SERIES
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> DEC-31-1995
<PERIOD-END> DEC-31-1995
<INVESTMENTS-AT-COST> 8,672,037
<INVESTMENTS-AT-VALUE> 8,683,884
<RECEIVABLES> 111,175
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 179,303
<TOTAL-ASSETS> 8,974,362
<PAYABLE-FOR-SECURITIES> 900,113
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 6,789
<TOTAL-LIABILITIES> 906,902
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 8,039,403
<SHARES-COMMON-STOCK> 805,853
<SHARES-COMMON-PRIOR> 500
<ACCUMULATED-NII-CURRENT> 27,042
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 0
<OVERDISTRIBUTION-GAINS> (10,827)
<ACCUM-APPREC-OR-DEPREC> 11,842
<NET-ASSETS> 8,067,460
<DIVIDEND-INCOME> 33,184
<INTEREST-INCOME> 23,603
<OTHER-INCOME> 0
<EXPENSES-NET> 11,085
<NET-INVESTMENT-INCOME> 45,702
<REALIZED-GAINS-CURRENT> (10,833)
<APPREC-INCREASE-CURRENT> 11,842
<NET-CHANGE-FROM-OPS> 46,711
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (18,654)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 818,961
<NUMBER-OF-SHARES-REDEEMED> (15,481)
<SHARES-REINVESTED> 1,873
<NET-CHANGE-IN-ASSETS> 8,062,460
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 0
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 11,085
<AVERAGE-NET-ASSETS> 4,390,488
<PER-SHARE-NAV-BEGIN> 10.00
<PER-SHARE-NII> 0.06
<PER-SHARE-GAIN-APPREC> (0.03)
<PER-SHARE-DIVIDEND> (0.02)
<PER-SHARE-DISTRIBUTIONS> 0.00
<RETURNS-OF-CAPITAL> 0.00
<PER-SHARE-NAV-END> 10.01
<EXPENSE-RATIO> 1.00
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
