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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 11
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<PAGE> PAGE 12
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<PAGE> PAGE 13
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<PAGE> PAGE 14
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<PAGE> PAGE 15
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<PAGE> PAGE 17
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<PAGE> PAGE 18
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<PAGE> PAGE 19
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<PAGE> PAGE 20
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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 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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<PAGE> PAGE 38
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<PAGE> PAGE 39
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<PAGE> PAGE 40
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070 F020800 N
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070 G020800 N
070 H010800 Y
070 H020800 N
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070 J010800 N
070 J020800 N
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070 K020800 N
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070 L020800 N
<PAGE> PAGE 41
070 M010800 N
070 M020800 N
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070 Q020800 N
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<PAGE> PAGE 42
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008 A000901 DIRECTED SERVICES, INC.
008 B000901 A
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008 D010901 WILMINGTON
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<PAGE> PAGE 43
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<PAGE> PAGE 44
048 J020900 0.000
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070 F020900 N
070 G010900 N
070 G020900 N
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<PAGE> PAGE 45
070 J020900 N
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<PAGE> PAGE 46
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008 A001001 DIRECTED SERVICES, INC.
008 B001001 A
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<PAGE> PAGE 47
008 D031002 90067
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<PAGE> PAGE 48
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070 A011000 Y
070 A021000 N
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<PAGE> PAGE 49
070 D021000 N
070 E011000 N
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070 F011000 N
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070 G011000 N
070 G021000 N
070 H011000 N
070 H021000 N
070 I011000 N
070 I021000 N
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070 K011000 Y
070 K021000 N
070 L011000 Y
070 L021000 N
070 M011000 Y
070 M021000 N
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<PAGE> PAGE 50
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<PAGE> PAGE 51
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008 A001101 DIRECTED SERVICES, INC.
008 B001101 A
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008 A001102 BANKERS TRUST COMPANY
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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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008 A001201 DIRECTED SERVICES, INC.
008 B001201 A
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008 D011201 WILMINGTON
008 D021201 DE
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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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008 A001301 DIRECTED SERVICES, INC.
008 B001301 A
008 C001301 801-32675
008 D011301 WILMINGTON
008 D021301 DE
008 D031301 19801
008 A001302 EAGLE ASSET MANAGEMENT, INC.
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008 A001304 DELETE
014 A001301 DELETE
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<PAGE> PAGE 60
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028 A041300 52
028 B011300 2049
028 B021300 0
028 B031300 0
028 B041300 717
028 C011300 2489
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028 C031300 0
028 C041300 1009
028 D011300 2732
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028 D031300 0
028 D041300 1234
028 E011300 2135
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028 F011300 1602
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028 F031300 0
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028 G011300 13427
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045 001300 Y
046 001300 N
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048 B021300 0.950
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<PAGE> PAGE 61
048 G021300 0.000
048 H011300 0
048 H021300 0.000
048 I011300 0
048 I021300 0.000
048 J011300 0
048 J021300 0.000
048 K011300 3500000
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058 A001300 N
059 001300 Y
060 A001300 Y
060 B001300 Y
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062 A001300 N
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062 C001300 0.0
062 D001300 0.0
062 E001300 0.0
062 F001300 0.0
062 G001300 0.0
062 H001300 0.0
062 I001300 0.0
062 J001300 0.0
062 K001300 0.0
062 L001300 0.0
062 M001300 0.0
062 N001300 0.0
062 O001300 0.0
062 P001300 0.0
062 Q001300 0.0
062 R001300 0.0
066 A001300 Y
066 C001300 Y
067 001300 N
068 A001300 N
068 B001300 N
069 001300 N
070 A011300 Y
070 A021300 N
070 B011300 Y
070 B021300 N
070 C011300 Y
070 C021300 N
070 D011300 Y
070 D021300 N
070 E011300 Y
070 E021300 N
070 F011300 Y
070 F021300 N
070 G011300 Y
<PAGE> PAGE 62
070 G021300 N
070 H011300 Y
070 H021300 N
070 I011300 N
070 I021300 N
070 J011300 Y
070 J021300 N
070 K011300 Y
070 K021300 N
070 L011300 Y
070 L021300 Y
070 M011300 Y
070 M021300 N
070 N011300 N
070 N021300 N
070 O011300 Y
070 O021300 N
070 P011300 N
070 P021300 N
070 Q011300 N
070 Q021300 N
070 R011300 N
070 R021300 N
071 A001300 23724
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071 D001300 64
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072 P001300 0
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<PAGE> PAGE 63
072 Y001300 0
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074 T001300 38821
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074 V011300 13.34
074 V021300 0.00
074 W001300 0.0000
074 X001300 3
074 Y001300 0
075 A001300 34942
075 B001300 0
076 001300 0.00
008 A001401 DIRECTED SERVICES, INC.
008 B001401 A
008 C001401 801-32675
008 D011401 WILMINGTON
008 D021401 DE
<PAGE> PAGE 64
008 D031401 19801
008 A001402 ZWEIG ADVISORS INC.
008 B001402 S
008 C001402 801-27366
008 D011402 NEW YORK
008 D021402 NY
008 D031402 10022
024 001400 N
025 D001401 0
025 D001402 0
025 D001403 0
025 D001404 0
025 D001405 0
025 D001406 0
025 D001407 0
025 D001408 0
028 A011400 1653
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028 B011400 1616
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028 B041400 6
028 C011400 3452
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045 001400 Y
046 001400 N
047 001400 Y
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<PAGE> PAGE 65
048 B011400 1250000
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048 C011400 1500000
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048 H011400 0
048 H021400 0.000
048 I011400 0
048 I021400 0.000
048 J011400 0
048 J021400 0.000
048 K011400 3500000
048 K021400 0.850
058 A001400 N
059 001400 Y
060 A001400 Y
060 B001400 Y
061 001400 0
062 A001400 N
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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 C001400 Y
067 001400 N
068 A001400 N
068 B001400 N
069 001400 N
070 A011400 Y
070 A021400 N
<PAGE> PAGE 66
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
070 G021400 N
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 Y
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 Y
070 R021400 N
071 A001400 17372
071 B001400 10450
071 C001400 11418
071 D001400 92
072 A001400 6
072 B001400 77
072 C001400 145
072 D001400 0
072 E001400 0
072 F001400 71
072 G001400 0
072 H001400 0
072 I001400 0
072 J001400 0
072 K001400 0
072 L001400 0
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<PAGE> PAGE 67
072 N001400 0
072 O001400 0
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072 R001400 0
072 S001400 0
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072 W001400 1
072 X001400 72
072 Y001400 0
072 Z001400 150
072AA001400 241
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072CC011400 1136
072CC021400 0
072DD011400 0
072DD021400 0
072EE001400 0
073 A011400 0.0000
073 A021400 0.0000
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073 C001400 0.0000
074 A001400 4
074 B001400 0
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074 R041400 10
074 S001400 0
074 T001400 20519
074 U011400 1846
074 U021400 0
074 V011400 11.12
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<PAGE> PAGE 68
074 W001400 0.0000
074 X001400 2
074 Y001400 2449
075 A001400 14457
075 B001400 0
076 001400 0.00
008 A001501 DIRECTED SERVICES, INC.
008 B001501 A
008 C001501 801-32675
008 D011501 WILMINGTON
008 D021501 DE
008 D031501 19801
008 A001502 FRED ALGER MANAGEMENT, INC.
008 B001502 S
008 C001502 801-99999
008 D011502 SOMEWHERE
008 D021502 MA
008 D031502 02116
014 A001501 FRED ALGER MANAGEMENT, INC.
014 B001501 8-99999
024 001500 N
025 D001501 0
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025 D001508 0
028 A011500 1606
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028 A041500 7
028 B011500 2068
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028 C011500 1871
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028 E011500 8929
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028 E041500 1483
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<PAGE> PAGE 69
028 F031500 0
028 F041500 1823
028 G011500 27273
028 G021500 0
028 G031500 0
028 G041500 3809
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045 001500 Y
046 001500 N
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048 001500 0.000
048 A011500 750000
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048 B011500 1250000
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048 C011500 1500000
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048 H011500 0
048 H021500 0.000
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048 J011500 0
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048 K011500 3500000
048 K021500 0.850
058 A001500 N
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062 I001500 0.0
062 J001500 0.0
062 K001500 0.0
062 L001500 0.0
062 M001500 0.0
<PAGE> PAGE 70
062 N001500 0.0
062 O001500 0.0
062 P001500 0.0
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066 A001500 Y
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067 001500 N
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068 B001500 N
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070 D021500 N
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070 I021500 N
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070 J021500 N
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070 K021500 N
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070 L021500 N
070 M011500 Y
070 M021500 N
070 N011500 Y
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070 O021500 N
070 P011500 N
070 P021500 N
070 Q011500 N
070 Q021500 N
070 R011500 Y
070 R021500 N
071 A001500 23377
071 B001500 5045
071 C001500 7540
071 D001500 67
<PAGE> PAGE 71
072 A001500 6
072 B001500 45
072 C001500 2
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<PAGE> PAGE 72
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SIGNATURE TODD MCGRATH
TITLE ASSISTANT TREASURER
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<ARTICLE> 6
<SERIES>
<NUMBER> 01
<NAME> GCG Trust Multiple Allocation Series
<S> <C>
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<FISCAL-YEAR-END> DEC-31-1996
<PERIOD-END> JUN-30-1996
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<OVERDISTRIBUTION-GAINS> 0
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<DIVIDEND-INCOME> 2,033,046
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<NET-INVESTMENT-INCOME> 5,425,230
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<DISTRIBUTIONS-OF-GAINS> 0
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<NUMBER-OF-SHARES-SOLD> 328,486
<NUMBER-OF-SHARES-REDEEMED> (1,998,918)
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> (15,851,067)
<ACCUMULATED-NII-PRIOR> 3,272,200
<ACCUMULATED-GAINS-PRIOR> 2,784,501
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<PER-SHARE-NII> 0.25
<PER-SHARE-GAIN-APPREC> (0.03)
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<PER-SHARE-NAV-END> 12.74
<EXPENSE-RATIO> 1.00
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<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 02
<NAME> GCG Trust Fully Managed Series
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> DEC-31-1996
<PERIOD-END> JUN-30-1996
<INVESTMENTS-AT-COST> 112,602,717
<INVESTMENTS-AT-VALUE> 126,747,857
<RECEIVABLES> 1,214,377
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 11,597
<TOTAL-ASSETS> 127,973,831
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 98,947
<TOTAL-LIABILITIES> 98,947
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 108,650,311
<SHARES-COMMON-STOCK> 8,703,200
<SHARES-COMMON-PRIOR> 8,601,294
<ACCUMULATED-NII-CURRENT> 3,847,897
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 1,231,273
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 14,145,403
<NET-ASSETS> 127,874,884
<DIVIDEND-INCOME> 1,844,241
<INTEREST-INCOME> 1,720,932
<OTHER-INCOME> 0
<EXPENSES-NET> 618,964
<NET-INVESTMENT-INCOME> 2,946,209
<REALIZED-GAINS-CURRENT> 3,127,755
<APPREC-INCREASE-CURRENT> 1,782,877
<NET-CHANGE-FROM-OPS> 7,856,841
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 452,018
<NUMBER-OF-SHARES-REDEEMED> (350,112)
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> 9,285,935
<ACCUMULATED-NII-PRIOR> 901,688
<ACCUMULATED-GAINS-PRIOR> (1,896,482)
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 615,377
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 618,964
<AVERAGE-NET-ASSETS> 124,673,501
<PER-SHARE-NAV-BEGIN> 13.79
<PER-SHARE-NII> 0.34
<PER-SHARE-GAIN-APPREC> 0.56
<PER-SHARE-DIVIDEND> 0.00
<PER-SHARE-DISTRIBUTIONS> 0.00
<RETURNS-OF-CAPITAL> 0.00
<PER-SHARE-NAV-END> 14.69
<EXPENSE-RATIO> 1.00
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 03
<NAME> GCG Trust Ltd Maturity Bond Series
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> DEC-31-1996
<PERIOD-END> JUN-30-1996
<INVESTMENTS-AT-COST> 82,433,988
<INVESTMENTS-AT-VALUE> 81,770,474
<RECEIVABLES> 788,564
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 106,576
<TOTAL-ASSETS> 82,665,614
<PAYABLE-FOR-SECURITIES> 705,526
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 79,612
<TOTAL-LIABILITIES> 785,138
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 75,588,526
<SHARES-COMMON-STOCK> 7,292,892
<SHARES-COMMON-PRIOR> 8,079,425
<ACCUMULATED-NII-CURRENT> 6,988,817
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (33,353)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> (663,514)
<NET-ASSETS> 81,880,476
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 2,439,974
<OTHER-INCOME> 0
<EXPENSES-NET> 258,924
<NET-INVESTMENT-INCOME> 2,181,050
<REALIZED-GAINS-CURRENT> (222,271)
<APPREC-INCREASE-CURRENT> (1,392,621)
<NET-CHANGE-FROM-OPS> 566,158
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 534,611
<NUMBER-OF-SHARES-REDEEMED> (1,321,144)
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> (8,200,892)
<ACCUMULATED-NII-PRIOR> 4,807,767
<ACCUMULATED-GAINS-PRIOR> 188,918
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 256,532
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 258,924
<AVERAGE-NET-ASSETS> 85,817,680
<PER-SHARE-NAV-BEGIN> 11.15
<PER-SHARE-NII> 0.28
<PER-SHARE-GAIN-APPREC> (0.20)
<PER-SHARE-DIVIDEND> 0.00
<PER-SHARE-DISTRIBUTIONS> 0.00
<RETURNS-OF-CAPITAL> 0.00
<PER-SHARE-NAV-END> 11.23
<EXPENSE-RATIO> 0.61
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 04
<NAME> GCG Trust Natural Resources Series
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> DEC-31-1996
<PERIOD-END> JUN-30-1996
<INVESTMENTS-AT-COST> 30,248,371
<INVESTMENTS-AT-VALUE> 36,094,532
<RECEIVABLES> 942,151
<ASSETS-OTHER> 247
<OTHER-ITEMS-ASSETS> 52,184
<TOTAL-ASSETS> 37,089,114
<PAYABLE-FOR-SECURITIES> 536,912
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 2,169
<TOTAL-LIABILITIES> 539,081
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 26,701,839
<SHARES-COMMON-STOCK> 2,034,632
<SHARES-COMMON-PRIOR> 1,804,987
<ACCUMULATED-NII-CURRENT> 120,942
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 3,881,143
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 5,846,109
<NET-ASSETS> 36,550,033
<DIVIDEND-INCOME> 211,566
<INTEREST-INCOME> 33,449
<OTHER-INCOME> 0
<EXPENSES-NET> 168,487
<NET-INVESTMENT-INCOME> 76,528
<REALIZED-GAINS-CURRENT> 3,410,584
<APPREC-INCREASE-CURRENT> 1,920,312
<NET-CHANGE-FROM-OPS> 5,407,424
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 601,442
<NUMBER-OF-SHARES-REDEEMED> (371,797)
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> 9,403,015
<ACCUMULATED-NII-PRIOR> 44,414
<ACCUMULATED-GAINS-PRIOR> 470,559
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 167,034
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 168,487
<AVERAGE-NET-ASSETS> 33,878,553
<PER-SHARE-NAV-BEGIN> 15.04
<PER-SHARE-NII> 0.03
<PER-SHARE-GAIN-APPREC> 2.89
<PER-SHARE-DIVIDEND> 0.00
<PER-SHARE-DISTRIBUTIONS> 0.00
<RETURNS-OF-CAPITAL> 0.00
<PER-SHARE-NAV-END> 17.96
<EXPENSE-RATIO> 1.00
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 05
<NAME> GCG Trust Real Estate Series
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> DEC-31-1996
<PERIOD-END> JUN-30-1996
<INVESTMENTS-AT-COST> 31,594,256
<INVESTMENTS-AT-VALUE> 35,873,624
<RECEIVABLES> 232,154
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 109,972
<TOTAL-ASSETS> 36,215,750
<PAYABLE-FOR-SECURITIES> 356,250
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 2,057
<TOTAL-LIABILITIES> 358,307
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 29,766,086
<SHARES-COMMON-STOCK> 2,656,306
<SHARES-COMMON-PRIOR> 2,770,209
<ACCUMULATED-NII-CURRENT> 1,584,173
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 227,816
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 4,279,368
<NET-ASSETS> 35,857,443
<DIVIDEND-INCOME> 1,101,567
<INTEREST-INCOME> 47,340
<OTHER-INCOME> 0
<EXPENSES-NET> 174,618
<NET-INVESTMENT-INCOME> 974,289
<REALIZED-GAINS-CURRENT> 419,662
<APPREC-INCREASE-CURRENT> 942,104
<NET-CHANGE-FROM-OPS> 2,336,055
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 145,330
<NUMBER-OF-SHARES-REDEEMED> (259,233)
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> 882,524
<ACCUMULATED-NII-PRIOR> 609,884
<ACCUMULATED-GAINS-PRIOR> (191,846)
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 173,098
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 174,618
<AVERAGE-NET-ASSETS> 35,060,075
<PER-SHARE-NAV-BEGIN> 12.63
<PER-SHARE-NII> 0.38
<PER-SHARE-GAIN-APPREC> 0.49
<PER-SHARE-DIVIDEND> 0.00
<PER-SHARE-DISTRIBUTIONS> 0.00
<RETURNS-OF-CAPITAL> 0.00
<PER-SHARE-NAV-END> 13.50
<EXPENSE-RATIO> 1.00
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 06
<NAME> GCG Trust All-Growth Series
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> DEC-31-1996
<PERIOD-END> JUN-30-1996
<INVESTMENTS-AT-COST> 83,090,040
<INVESTMENTS-AT-VALUE> 94,280,176
<RECEIVABLES> 476,217
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 8,550
<TOTAL-ASSETS> 94,764,943
<PAYABLE-FOR-SECURITIES> 72,876
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 20,876
<TOTAL-LIABILITIES> 93,752
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 84,827,594
<SHARES-COMMON-STOCK> 6,787,748
<SHARES-COMMON-PRIOR> 6,764,223
<ACCUMULATED-NII-CURRENT> 685,830
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (2,032,369)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 11,190,136
<NET-ASSETS> 94,671,191
<DIVIDEND-INCOME> 496,117
<INTEREST-INCOME> 409,894
<OTHER-INCOME> 0
<EXPENSES-NET> 487,666
<NET-INVESTMENT-INCOME> 418,345
<REALIZED-GAINS-CURRENT> (3,105,779)
<APPREC-INCREASE-CURRENT> 3,816,234
<NET-CHANGE-FROM-OPS> 1,128,800
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 517,915
<NUMBER-OF-SHARES-REDEEMED> (494,390)
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> 1,472,789
<ACCUMULATED-NII-PRIOR> 267,485
<ACCUMULATED-GAINS-PRIOR> 1,073,410
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 484,678
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 487,666
<AVERAGE-NET-ASSETS> 98,160,298
<PER-SHARE-NAV-BEGIN> 13.78
<PER-SHARE-NII> 0.06
<PER-SHARE-GAIN-APPREC> 0.11
<PER-SHARE-DIVIDEND> 0.00
<PER-SHARE-DISTRIBUTIONS> 0.00
<RETURNS-OF-CAPITAL> 0.00
<PER-SHARE-NAV-END> 13.95
<EXPENSE-RATIO> 1.00
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 07
<NAME> GCG Trust Liquid Asset Series
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> DEC-31-1996
<PERIOD-END> JUN-30-1996
<INVESTMENTS-AT-COST> 42,112,082
<INVESTMENTS-AT-VALUE> 42,112,082
<RECEIVABLES> 86,601
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 42,198,683
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 1,831,062
<TOTAL-LIABILITIES> 1,831,062
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 40,367,273
<SHARES-COMMON-STOCK> 40,367,303
<SHARES-COMMON-PRIOR> 38,588,906
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 348
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 0
<NET-ASSETS> 40,367,621
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 1,051,514
<OTHER-INCOME> 0
<EXPENSES-NET> 117,348
<NET-INVESTMENT-INCOME> 934,166
<REALIZED-GAINS-CURRENT> 535
<APPREC-INCREASE-CURRENT> 0
<NET-CHANGE-FROM-OPS> 934,701
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (934,166)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 32,098,546
<NUMBER-OF-SHARES-REDEEMED> (31,243,172)
<SHARES-REINVESTED> 923,023
<NET-CHANGE-IN-ASSETS> 1,778,932
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> (187)
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 115,046
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 117,348
<AVERAGE-NET-ASSETS> 38,576,546
<PER-SHARE-NAV-BEGIN> 1.00
<PER-SHARE-NII> 0.02
<PER-SHARE-GAIN-APPREC> 0.00
<PER-SHARE-DIVIDEND> (0.02)
<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> 08
<NAME> GCG Trust Capital Apprec Series
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> DEC-31-1996
<PERIOD-END> JUN-30-1996
<INVESTMENTS-AT-COST> 114,306,552
<INVESTMENTS-AT-VALUE> 134,919,584
<RECEIVABLES> 193,323
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 11,788
<TOTAL-ASSETS> 135,124,695
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 77,234
<TOTAL-LIABILITIES> 77,234
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 105,363,962
<SHARES-COMMON-STOCK> 9,121,015
<SHARES-COMMON-PRIOR> 9,045,920
<ACCUMULATED-NII-CURRENT> 1,103,728
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 7,966,739
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 20,613,032
<NET-ASSETS> 135,047,461
<DIVIDEND-INCOME> 1,195,208
<INTEREST-INCOME> 174,476
<OTHER-INCOME> 0
<EXPENSES-NET> 645,250
<NET-INVESTMENT-INCOME> 724,434
<REALIZED-GAINS-CURRENT> 6,894,013
<APPREC-INCREASE-CURRENT> 4,182,283
<NET-CHANGE-FROM-OPS> 11,800,730
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 898,429
<NUMBER-OF-SHARES-REDEEMED> (823,334)
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> 12,820,221
<ACCUMULATED-NII-PRIOR> 379,294
<ACCUMULATED-GAINS-PRIOR> 1,072,726
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 641,538
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 645,250
<AVERAGE-NET-ASSETS> 129,990,686
<PER-SHARE-NAV-BEGIN> 13.51
<PER-SHARE-NII> 0.08
<PER-SHARE-GAIN-APPREC> 1.22
<PER-SHARE-DIVIDEND> 0.00
<PER-SHARE-DISTRIBUTIONS> 0.00
<RETURNS-OF-CAPITAL> 0.00
<PER-SHARE-NAV-END> 14.81
<EXPENSE-RATIO> 1.00
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 09
<NAME> GCG Fund For Life Series
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> DEC-31-1996
<PERIOD-END> JUN-30-1996
<INVESTMENTS-AT-COST> 206,853
<INVESTMENTS-AT-VALUE> 243,087
<RECEIVABLES> 324
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 12,673
<TOTAL-ASSETS> 256,084
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 2,808
<TOTAL-LIABILITIES> 2,808
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 126,487
<SHARES-COMMON-STOCK> 22,246
<SHARES-COMMON-PRIOR> 30,416
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 91,453
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 36,234
<NET-ASSETS> 253,276
<DIVIDEND-INCOME> 2,858
<INTEREST-INCOME> 0
<OTHER-INCOME> 0
<EXPENSES-NET> 3,706
<NET-INVESTMENT-INCOME> (848)
<REALIZED-GAINS-CURRENT> 14,007
<APPREC-INCREASE-CURRENT> (829)
<NET-CHANGE-FROM-OPS> 12,330
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 0
<NUMBER-OF-SHARES-REDEEMED> (8,170)
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> (79,773)
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 465
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 14,903
<AVERAGE-NET-ASSETS> 311,382
<PER-SHARE-NAV-BEGIN> 10.95
<PER-SHARE-NII> (0.03)
<PER-SHARE-GAIN-APPREC> 0.47
<PER-SHARE-DIVIDEND> 0.00
<PER-SHARE-DISTRIBUTIONS> 0.00
<RETURNS-OF-CAPITAL> 0.00
<PER-SHARE-NAV-END> 11.39
<EXPENSE-RATIO> 2.39
<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> 6-MOS
<FISCAL-YEAR-END> DEC-31-1996
<PERIOD-END> JUN-30-1996
<INVESTMENTS-AT-COST> 79,434,679
<INVESTMENTS-AT-VALUE> 102,253,953
<RECEIVABLES> 1,692,168
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 2,087
<TOTAL-ASSETS> 103,948,208
<PAYABLE-FOR-SECURITIES> 4,376,467
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 6,685
<TOTAL-LIABILITIES> 4,383,152
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 74,794,934
<SHARES-COMMON-STOCK> 6,803,753
<SHARES-COMMON-PRIOR> 6,105,857
<ACCUMULATED-NII-CURRENT> 675,168
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 1,275,680
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 22,819,274
<NET-ASSETS> 99,565,056
<DIVIDEND-INCOME> 819,262
<INTEREST-INCOME> 76,246
<OTHER-INCOME> 0
<EXPENSES-NET> 445,908
<NET-INVESTMENT-INCOME> 449,600
<REALIZED-GAINS-CURRENT> 1,836,326
<APPREC-INCREASE-CURRENT> 6,074,945
<NET-CHANGE-FROM-OPS> 8,360,871
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 1,274,264
<NUMBER-OF-SHARES-REDEEMED> (576,368)
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> 18,355,347
<ACCUMULATED-NII-PRIOR> 225,568
<ACCUMULATED-GAINS-PRIOR> (560,646)
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 443,509
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 445,908
<AVERAGE-NET-ASSETS> 89,864,658
<PER-SHARE-NAV-BEGIN> 13.30
<PER-SHARE-NII> 0.06
<PER-SHARE-GAIN-APPREC> 1.27
<PER-SHARE-DIVIDEND> 0.00
<PER-SHARE-DISTRIBUTIONS> 0.00
<RETURNS-OF-CAPITAL> 0.00
<PER-SHARE-NAV-END> 14.63
<EXPENSE-RATIO> 1.00
<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> 6-MOS
<FISCAL-YEAR-END> DEC-31-1996
<PERIOD-END> JUN-30-1996
<INVESTMENTS-AT-COST> 51,144,975
<INVESTMENTS-AT-VALUE> 53,318,667
<RECEIVABLES> 738,909
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 575,129
<TOTAL-ASSETS> 54,632,705
<PAYABLE-FOR-SECURITIES> 437,270
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 43,681
<TOTAL-LIABILITIES> 480,951
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 64,419,210
<SHARES-COMMON-STOCK> 5,413,602
<SHARES-COMMON-PRIOR> 5,297,187
<ACCUMULATED-NII-CURRENT> 154,321
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (12,583,954)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 2,162,177
<NET-ASSETS> 54,151,754
<DIVIDEND-INCOME> 407,215
<INTEREST-INCOME> 151,441
<OTHER-INCOME> 0
<EXPENSES-NET> 404,335
<NET-INVESTMENT-INCOME> 154,321
<REALIZED-GAINS-CURRENT> (54,694)
<APPREC-INCREASE-CURRENT> 4,997,414
<NET-CHANGE-FROM-OPS> 5,097,041
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 1,021,692
<NUMBER-OF-SHARES-REDEEMED> (905,277)
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> 6,177,371
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> (12,529,260)
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 396,350
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 404,335
<AVERAGE-NET-ASSETS> 53,147,187
<PER-SHARE-NAV-BEGIN> 9.06
<PER-SHARE-NII> 0.03
<PER-SHARE-GAIN-APPREC> 0.91
<PER-SHARE-DIVIDEND> 0.00
<PER-SHARE-DISTRIBUTIONS> 0.00
<RETURNS-OF-CAPITAL> 0.00
<PER-SHARE-NAV-END> 10.00
<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> 6-MOS
<FISCAL-YEAR-END> DEC-31-1996
<PERIOD-END> JUN-30-1996
<INVESTMENTS-AT-COST> 4,067,134
<INVESTMENTS-AT-VALUE> 5,201,851
<RECEIVABLES> 903,942
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 332,875
<TOTAL-ASSETS> 6,438,668
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 352
<TOTAL-LIABILITIES> 352
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 4,979,248
<SHARES-COMMON-STOCK> 494,701
<SHARES-COMMON-PRIOR> 494,701
<ACCUMULATED-NII-CURRENT> 98,818
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 225,533
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 1,134,717
<NET-ASSETS> 6,438,316
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 130,482
<OTHER-INCOME> 0
<EXPENSES-NET> 31,809
<NET-INVESTMENT-INCOME> 98,673
<REALIZED-GAINS-CURRENT> 224,742
<APPREC-INCREASE-CURRENT> 162,480
<NET-CHANGE-FROM-OPS> 485,895
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 0
<NUMBER-OF-SHARES-REDEEMED> 0
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> 485,895
<ACCUMULATED-NII-PRIOR> 145
<ACCUMULATED-GAINS-PRIOR> 791
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 30,984
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 31,809
<AVERAGE-NET-ASSETS> 6,261,766
<PER-SHARE-NAV-BEGIN> 12.03
<PER-SHARE-NII> 0.20
<PER-SHARE-GAIN-APPREC> 0.78
<PER-SHARE-DIVIDEND> 0.00
<PER-SHARE-DISTRIBUTIONS> 0.00
<RETURNS-OF-CAPITAL> 0.00
<PER-SHARE-NAV-END> 13.01
<EXPENSE-RATIO> 1.02
<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> 6-MOS
<FISCAL-YEAR-END> DEC-31-1996
<PERIOD-END> JUN-30-1996
<INVESTMENTS-AT-COST> 34,643,749
<INVESTMENTS-AT-VALUE> 35,884,319
<RECEIVABLES> 3,111,524
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 7,839
<TOTAL-ASSETS> 39,003,682
<PAYABLE-FOR-SECURITIES> 179,370
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 2,904
<TOTAL-LIABILITIES> 182,274
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<PAID-IN-CAPITAL-COMMON> 36,031,143
<SHARES-COMMON-STOCK> 2,910,211
<SHARES-COMMON-PRIOR> 2,187,943
<ACCUMULATED-NII-CURRENT> 277,364
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 1,272,333
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 1,240,568
<NET-ASSETS> 38,821,408
<DIVIDEND-INCOME> 356,911
<INTEREST-INCOME> 49,968
<OTHER-INCOME> 0
<EXPENSES-NET> 173,626
<NET-INVESTMENT-INCOME> 233,253
<REALIZED-GAINS-CURRENT> 1,094,106
<APPREC-INCREASE-CURRENT> (1,114,997)
<NET-CHANGE-FROM-OPS> 212,362
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> 0
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<NUMBER-OF-SHARES-SOLD> 990,584
<NUMBER-OF-SHARES-REDEEMED> (268,316)
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> 9,990,920
<ACCUMULATED-NII-PRIOR> 44,111
<ACCUMULATED-GAINS-PRIOR> 178,227
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<OVERDIST-NET-GAINS-PRIOR> 0
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<GROSS-EXPENSE> 173,626
<AVERAGE-NET-ASSETS> 34,941,957
<PER-SHARE-NAV-BEGIN> 13.18
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<PER-SHARE-GAIN-APPREC> 0.08
<PER-SHARE-DIVIDEND> 0.00
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<PER-SHARE-NAV-END> 13.34
<EXPENSE-RATIO> 1.00
<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> 6-MOS
<FISCAL-YEAR-END> DEC-31-1996
<PERIOD-END> JUN-30-1996
<INVESTMENTS-AT-COST> 19,310,147
<INVESTMENTS-AT-VALUE> 20,472,405
<RECEIVABLES> 52,559
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<OTHER-ITEMS-ASSETS> 4,426
<TOTAL-ASSETS> 20,529,390
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<OTHER-ITEMS-LIABILITIES> 10,657
<TOTAL-LIABILITIES> 10,657
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<PAID-IN-CAPITAL-COMMON> 18,963,350
<SHARES-COMMON-STOCK> 1,845,950
<SHARES-COMMON-PRIOR> 805,853
<ACCUMULATED-NII-CURRENT> 177,251
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 230,085
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 1,148,047
<NET-ASSETS> 20,518,733
<DIVIDEND-INCOME> 144,846
<INTEREST-INCOME> 77,167
<OTHER-INCOME> 0
<EXPENSES-NET> 71,804
<NET-INVESTMENT-INCOME> 150,209
<REALIZED-GAINS-CURRENT> 240,912
<APPREC-INCREASE-CURRENT> 1,136,205
<NET-CHANGE-FROM-OPS> 1,527,326
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<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 1,077,563
<NUMBER-OF-SHARES-REDEEMED> (37,466)
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> 12,451,273
<ACCUMULATED-NII-PRIOR> 27,042
<ACCUMULATED-GAINS-PRIOR> (10,827)
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 71,046
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 71,804
<AVERAGE-NET-ASSETS> 14,456,635
<PER-SHARE-NAV-BEGIN> 10.01
<PER-SHARE-NII> 0.11
<PER-SHARE-GAIN-APPREC> 1.00
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<PER-SHARE-NAV-END> 11.12
<EXPENSE-RATIO> 1.00
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<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 15
<NAME> GCG Trust Small Cap Series
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> DEC-31-1996
<PERIOD-END> JUN-30-1996
<INVESTMENTS-AT-COST> 23,038,988
<INVESTMENTS-AT-VALUE> 23,039,308
<RECEIVABLES> 1,933,416
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 3,038
<TOTAL-ASSETS> 24,975,762
<PAYABLE-FOR-SECURITIES> 1,179,706
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 1,731
<TOTAL-LIABILITIES> 1,181,437
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 23,468,835
<SHARES-COMMON-STOCK> 2,002,192
<SHARES-COMMON-PRIOR> 500
<ACCUMULATED-NII-CURRENT> 2,787
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 322,383
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 320
<NET-ASSETS> 23,794,325
<DIVIDEND-INCOME> 1,930
<INTEREST-INCOME> 44,729
<OTHER-INCOME> 0
<EXPENSES-NET> 43,872
<NET-INVESTMENT-INCOME> 2,787
<REALIZED-GAINS-CURRENT> 322,383
<APPREC-INCREASE-CURRENT> 320
<NET-CHANGE-FROM-OPS> 325,490
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 2,312,962
<NUMBER-OF-SHARES-REDEEMED> (311,270)
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> 23,789,325
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 43,777
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 43,872
<AVERAGE-NET-ASSETS> 8,993,116
<PER-SHARE-NAV-BEGIN> 10.00
<PER-SHARE-NII> 0.00
<PER-SHARE-GAIN-APPREC> 1.88
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<PER-SHARE-NAV-END> 11.88
<EXPENSE-RATIO> 1.00
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
