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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 14
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<PAGE> PAGE 15
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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 40
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<PAGE> PAGE 41
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<PAGE> PAGE 42
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008 A000901 DIRECTED SERVICES, INC.
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<PAGE> PAGE 43
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<PAGE> PAGE 44
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<PAGE> PAGE 45
070 P010900 N
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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
070 I011000 N
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<PAGE> PAGE 50
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008 A001101 DIRECTED SERVICES, INC.
008 B001101 A
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<PAGE> PAGE 51
008 C001102 801-99999
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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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<PAGE> PAGE 58
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<PAGE> PAGE 59
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008 A001301 DIRECTED SERVICES, INC.
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<PAGE> PAGE 60
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028 C031300 0
028 C041300 607
028 D011300 1485
028 D021300 0
028 D031300 0
028 D041300 1412
028 E011300 2044
028 E021300 0
028 E031300 0
028 E041300 719
028 F011300 2042
028 F021300 0
028 F031300 0
028 F041300 195
028 G011300 9684
028 G021300 0
028 G031300 0
028 G041300 3672
028 H001300 0
045 001300 Y
046 001300 N
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048 A021300 1.000
048 B011300 1250000
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048 C011300 1500000
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<PAGE> PAGE 61
058 A001300 N
059 001300 Y
060 A001300 Y
060 B001300 Y
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062 A001300 N
062 B001300 0.0
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
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
<PAGE> PAGE 62
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
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071 B001300 32232
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072 A001300 6
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072 G001300 0
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072 J001300 0
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072 O001300 0
072 P001300 0
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072 R001300 0
072 S001300 0
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072AA001300 3010
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<PAGE> PAGE 63
073 A011300 0.0000
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074 M001300 0
074 N001300 59903
074 O001300 510
074 P001300 0
074 Q001300 0
074 R011300 0
074 R021300 0
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074 R041300 0
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074 U011300 3599
074 U021300 0
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074 X001300 3
074 Y001300 0
075 A001300 50278
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076 001300 0.00
008 A001401 DIRECTED SERVICES, INC.
008 B001401 A
008 C001401 801-32675
008 D011401 WILMINGTON
008 D021401 DE
008 D031401 19801
008 A001402 ZWEIG ADVISORS INC.
008 B001402 S
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008 D011402 NEW YORK
008 D021402 NY
008 D031402 10022
014 A001401 ZWEIG SECURITIES CORPORATION
014 B001401 8-27366
<PAGE> PAGE 64
024 001400 Y
025 A001401 MERRILL LYNCH & COMPANY, INC.
025 C001401 E
025 D001401 60
025 A001402 MORGAN STANLEY, DEAN WITTER, DISCOVER & CO.
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025 D001404 0
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025 D001408 0
028 A011400 1706
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045 001400 Y
046 001400 N
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048 B021400 0.950
048 C011400 1500000
<PAGE> PAGE 65
048 C021400 0.900
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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 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
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066 A001400 Y
066 C001400 Y
067 001400 N
068 A001400 N
068 B001400 N
069 001400 N
070 A011400 Y
070 A021400 N
070 B011400 Y
070 B021400 N
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<PAGE> PAGE 66
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
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071 C001400 26003
071 D001400 64
072 A001400 6
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<PAGE> PAGE 67
072 Q001400 0
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<PAGE> PAGE 68
075 A001400 35355
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076 001400 0.00
008 A001501 DIRECTED SERVICES, INC.
008 B001501 A
008 C001501 801-32675
008 D011501 WILMINGTON
008 D021501 DE
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008 A001502 FRED ALGER MANAGEMENT, INC.
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<PAGE> PAGE 69
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045 001500 Y
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<PAGE> PAGE 70
062 Q001500 0.0
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<PAGE> PAGE 71
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<PAGE> PAGE 72
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008 A001601 DIRECTED SERVICES, INC.
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008 C001601 801-32675
008 D011601 WILMINGTON
008 D021601 DE
008 D031601 19801
008 A001602 PUTNAM INVESTMENT MANAGEMENT, INC.
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014 A001601 DELETE
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<PAGE> PAGE 73
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<PAGE> PAGE 74
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070 I021600 N
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<PAGE> PAGE 75
070 P021600 N
070 Q011600 N
070 Q021600 N
070 R011600 Y
070 R021600 N
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<PAGE> PAGE 76
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SIGNATURE CHRISTOPHER SMYTHE
TITLE ASSISTANT TREASURER
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 01
<NAME> GCG Trust Multiple Allocation Series
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<PERIOD-END> JUN-30-1997
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<NET-INVESTMENT-INCOME> 5,136,370
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<APPREC-INCREASE-CURRENT> 4,995,412
<NET-CHANGE-FROM-OPS> 20,510,403
<EQUALIZATION> 0
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<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 236,842
<NUMBER-OF-SHARES-REDEEMED> (2,176,086)
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> (4,182,270)
<ACCUMULATED-NII-PRIOR> 2,359,598
<ACCUMULATED-GAINS-PRIOR> 2,753,783
<OVERDISTRIB-NII-PRIOR> 0
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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-31-1997
<PERIOD-END> JUN-30-1997
<INVESTMENTS-AT-COST> 130,395,017
<INVESTMENTS-AT-VALUE> 152,064,315
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<OTHER-ITEMS-ASSETS> 153,456
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<OTHER-ITEMS-LIABILITIES> 5,633
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<PAID-IN-CAPITAL-COMMON> 121,815,474
<SHARES-COMMON-STOCK> 9,585,343
<SHARES-COMMON-PRIOR> 9,223,011
<ACCUMULATED-NII-CURRENT> 2,841,704
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 7,322,928
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 21,669,298
<NET-ASSETS> 153,649,404
<DIVIDEND-INCOME> 1,101,627
<INTEREST-INCOME> 1,432,791
<OTHER-INCOME> 0
<EXPENSES-NET> 703,912
<NET-INVESTMENT-INCOME> 1,830,506
<REALIZED-GAINS-CURRENT> 5,568,339
<APPREC-INCREASE-CURRENT> 4,109,117
<NET-CHANGE-FROM-OPS> 11,507,962
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 730,617
<NUMBER-OF-SHARES-REDEEMED> (368,285)
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> 16,989,873
<ACCUMULATED-NII-PRIOR> 1,011,198
<ACCUMULATED-GAINS-PRIOR> 1,754,589
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 698,382
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 703,912
<AVERAGE-NET-ASSETS> 142,773,861
<PER-SHARE-NAV-BEGIN> 14.82
<PER-SHARE-NII> 0.19
<PER-SHARE-GAIN-APPREC> 1.02
<PER-SHARE-DIVIDEND> 0.00
<PER-SHARE-DISTRIBUTIONS> 0.00
<RETURNS-OF-CAPITAL> 0.00
<PER-SHARE-NAV-END> 16.03
<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-31-1997
<PERIOD-END> JUN-30-1997
<INVESTMENTS-AT-COST> 76,632,986
<INVESTMENTS-AT-VALUE> 76,554,231
<RECEIVABLES> 2,552,003
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 1,708
<TOTAL-ASSETS> 79,107,942
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 90
<TOTAL-LIABILITIES> 90
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 76,493,570
<SHARES-COMMON-STOCK> 7,393,046
<SHARES-COMMON-PRIOR> 7,798,760
<ACCUMULATED-NII-CURRENT> 3,163,790
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (470,753)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> (78,755)
<NET-ASSETS> 79,107,852
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 2,523,112
<OTHER-INCOME> 0
<EXPENSES-NET> 241,786
<NET-INVESTMENT-INCOME> 2,281,326
<REALIZED-GAINS-CURRENT> (38,182)
<APPREC-INCREASE-CURRENT> (182,010)
<NET-CHANGE-FROM-OPS> 2,061,134
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 432,358
<NUMBER-OF-SHARES-REDEEMED> (838,072)
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> (2,209,324)
<ACCUMULATED-NII-PRIOR> 882,464
<ACCUMULATED-GAINS-PRIOR> (432,571)
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 238,598
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 241,786
<AVERAGE-NET-ASSETS> 79,302,684
<PER-SHARE-NAV-BEGIN> 10.43
<PER-SHARE-NII> 0.31
<PER-SHARE-GAIN-APPREC> (0.04)
<PER-SHARE-DIVIDEND> 0.00
<PER-SHARE-DISTRIBUTIONS> 0.00
<RETURNS-OF-CAPITAL> 0.00
<PER-SHARE-NAV-END> 10.70
<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 Hard Assets Series
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> DEC-31-1997
<PERIOD-END> JUN-30-1997
<INVESTMENTS-AT-COST> 41,201,480
<INVESTMENTS-AT-VALUE> 46,968,636
<RECEIVABLES> 594,283
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 3,697
<TOTAL-ASSETS> 47,566,616
<PAYABLE-FOR-SECURITIES> 581,456
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 961
<TOTAL-LIABILITIES> 582,417
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 36,145,958
<SHARES-COMMON-STOCK> 2,556,083
<SHARES-COMMON-PRIOR> 2,458,892
<ACCUMULATED-NII-CURRENT> 154,346
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 4,918,406
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 5,765,489
<NET-ASSETS> 46,984,199
<DIVIDEND-INCOME> 253,681
<INTEREST-INCOME> 105,793
<OTHER-INCOME> 0
<EXPENSES-NET> 217,841
<NET-INVESTMENT-INCOME> 141,633
<REALIZED-GAINS-CURRENT> 3,853,614
<APPREC-INCREASE-CURRENT> (2,662,684)
<NET-CHANGE-FROM-OPS> 1,332,563
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 409,456
<NUMBER-OF-SHARES-REDEEMED> (312,265)
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> 3,080,799
<ACCUMULATED-NII-PRIOR> 12,713
<ACCUMULATED-GAINS-PRIOR> 1,064,792
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 216,095
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 217,841
<AVERAGE-NET-ASSETS> 44,697,271
<PER-SHARE-NAV-BEGIN> 17.85
<PER-SHARE-NII> 0.06
<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> 18.38
<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-31-1997
<PERIOD-END> JUN-30-1997
<INVESTMENTS-AT-COST> 47,252,971
<INVESTMENTS-AT-VALUE> 60,706,750
<RECEIVABLES> 1,442,669
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 83,477
<TOTAL-ASSETS> 62,232,896
<PAYABLE-FOR-SECURITIES> 419,341
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 1
<TOTAL-LIABILITIES> 419,342
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 45,104,097
<SHARES-COMMON-STOCK> 3,631,571
<SHARES-COMMON-PRIOR> 3,200,267
<ACCUMULATED-NII-CURRENT> 1,705,178
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 1,550,500
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 13,453,779
<NET-ASSETS> 61,813,554
<DIVIDEND-INCOME> 1,410,777
<INTEREST-INCOME> 107,869
<OTHER-INCOME> 0
<EXPENSES-NET> 275,164
<NET-INVESTMENT-INCOME> 1,243,482
<REALIZED-GAINS-CURRENT> 1,028,756
<APPREC-INCREASE-CURRENT> 1,363,360
<NET-CHANGE-FROM-OPS> 3,635,598
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 703,491
<NUMBER-OF-SHARES-REDEEMED> (272,187)
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> 10,678,946
<ACCUMULATED-NII-PRIOR> 461,696
<ACCUMULATED-GAINS-PRIOR> 521,744
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 272,712
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 275,164
<AVERAGE-NET-ASSETS> 55,779,397
<PER-SHARE-NAV-BEGIN> 15.98
<PER-SHARE-NII> 0.36
<PER-SHARE-GAIN-APPREC> 0.68
<PER-SHARE-DIVIDEND> 0.00
<PER-SHARE-DISTRIBUTIONS> 0.00
<RETURNS-OF-CAPITAL> 0.00
<PER-SHARE-NAV-END> 17.02
<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-31-1997
<PERIOD-END> JUN-30-1997
<INVESTMENTS-AT-COST> 67,435,098
<INVESTMENTS-AT-VALUE> 73,258,760
<RECEIVABLES> 576,753
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 73,835,513
<PAYABLE-FOR-SECURITIES> 266,498
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 0
<TOTAL-LIABILITIES> 266,498
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 65,017,847
<SHARES-COMMON-STOCK> 5,283,664
<SHARES-COMMON-PRIOR> 5,880,233
<ACCUMULATED-NII-CURRENT> 74,021
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 2,653,485
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 5,823,662
<NET-ASSETS> 73,569,015
<DIVIDEND-INCOME> 122,965
<INTEREST-INCOME> 139,648
<OTHER-INCOME> 0
<EXPENSES-NET> 356,073
<NET-INVESTMENT-INCOME> (93,460)
<REALIZED-GAINS-CURRENT> 8,277,223
<APPREC-INCREASE-CURRENT> (5,502,604)
<NET-CHANGE-FROM-OPS> 2,681,159
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 162,701
<NUMBER-OF-SHARES-REDEEMED> (759,270)
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> (5,180,930)
<ACCUMULATED-NII-PRIOR> 167,481
<ACCUMULATED-GAINS-PRIOR> (5,623,738)
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 352,917
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 356,073
<AVERAGE-NET-ASSETS> 72,244,349
<PER-SHARE-NAV-BEGIN> 13.39
<PER-SHARE-NII> (0.01)
<PER-SHARE-GAIN-APPREC> 0.54
<PER-SHARE-DIVIDEND> 0.00
<PER-SHARE-DISTRIBUTIONS> 0.00
<RETURNS-OF-CAPITAL> 0.00
<PER-SHARE-NAV-END> 13.92
<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-31-1997
<PERIOD-END> JUN-30-1997
<INVESTMENTS-AT-COST> 46,919,260
<INVESTMENTS-AT-VALUE> 46,919,260
<RECEIVABLES> 1,008,125
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 7,469
<TOTAL-ASSETS> 47,934,854
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 7,740
<TOTAL-LIABILITIES> 7,740
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 47,929,255
<SHARES-COMMON-STOCK> 47,929,285
<SHARES-COMMON-PRIOR> 39,097,362
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (2,141)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 0
<NET-ASSETS> 47,927,114
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 1,244,389
<OTHER-INCOME> 0
<EXPENSES-NET> 136,602
<NET-INVESTMENT-INCOME> 1,107,787
<REALIZED-GAINS-CURRENT> (522)
<APPREC-INCREASE-CURRENT> 0
<NET-CHANGE-FROM-OPS> 1,107,265
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (1,107,787)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 49,212,311
<NUMBER-OF-SHARES-REDEEMED> (41,488,175)
<SHARES-REINVESTED> 1,107,787
<NET-CHANGE-IN-ASSETS> 8,831,401
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> (1,619)
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 135,096
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 136,602
<AVERAGE-NET-ASSETS> 45,447,732
<PER-SHARE-NAV-BEGIN> 1.00
<PER-SHARE-NII> 0.02
<PER-SHARE-GAIN-APPREC> 0.00
<PER-SHARE-DIVIDEND> 0.00
<PER-SHARE-DISTRIBUTIONS> (0.02)
<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-31-1997
<PERIOD-END> JUN-30-1997
<INVESTMENTS-AT-COST> 124,231,905
<INVESTMENTS-AT-VALUE> 170,106,851
<RECEIVABLES> 5,216,843
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 400
<TOTAL-ASSETS> 175,324,094
<PAYABLE-FOR-SECURITIES> 6,244,730
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 463,035
<TOTAL-LIABILITIES> 6,707,765
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 114,529,030
<SHARES-COMMON-STOCK> 9,721,030
<SHARES-COMMON-PRIOR> 9,879,660
<ACCUMULATED-NII-CURRENT> 1,123,654
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 7,088,699
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 45,874,946
<NET-ASSETS> 168,616,329
<DIVIDEND-INCOME> 1,310,155
<INTEREST-INCOME> 248,104
<OTHER-INCOME> 0
<EXPENSES-NET> 768,883
<NET-INVESTMENT-INCOME> 789,376
<REALIZED-GAINS-CURRENT> 5,024,483
<APPREC-INCREASE-CURRENT> 16,573,089
<NET-CHANGE-FROM-OPS> 22,386,948
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 669,519
<NUMBER-OF-SHARES-REDEEMED> (828,149)
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> 19,863,831
<ACCUMULATED-NII-PRIOR> 334,278
<ACCUMULATED-GAINS-PRIOR> 2,064,216
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 762,748
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 768,883
<AVERAGE-NET-ASSETS> 155,945,851
<PER-SHARE-NAV-BEGIN> 15.06
<PER-SHARE-NII> 0.08
<PER-SHARE-GAIN-APPREC> 2.21
<PER-SHARE-DIVIDEND> 0.00
<PER-SHARE-DISTRIBUTIONS> 0.00
<RETURNS-OF-CAPITAL> 0.00
<PER-SHARE-NAV-END> 17.35
<EXPENSE-RATIO> 1.00
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 09
<NAME> GCG Trust Fund For Life Series
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> DEC-31-1997
<PERIOD-END> JUN-30-1997
<INVESTMENTS-AT-COST> 155,649
<INVESTMENTS-AT-VALUE> 199,069
<RECEIVABLES> 301
<ASSETS-OTHER> 12,882
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 212,252
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 17,049
<TOTAL-LIABILITIES> 17,049
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 115,250
<SHARES-COMMON-STOCK> 23,259
<SHARES-COMMON-PRIOR> 26,426
<ACCUMULATED-NII-CURRENT> 2,834
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 33,699
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 43,420
<NET-ASSETS> 195,203
<DIVIDEND-INCOME> 2,248
<INTEREST-INCOME> 0
<OTHER-INCOME> 0
<EXPENSES-NET> 2,420
<NET-INVESTMENT-INCOME> (172)
<REALIZED-GAINS-CURRENT> 2,261
<APPREC-INCREASE-CURRENT> 16,286
<NET-CHANGE-FROM-OPS> 18,375
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 0
<NUMBER-OF-SHARES-REDEEMED> (3,166)
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> (5,928)
<ACCUMULATED-NII-PRIOR> 262
<ACCUMULATED-GAINS-PRIOR> 32,582
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 287
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 14,368
<AVERAGE-NET-ASSETS> 193,000
<PER-SHARE-NAV-BEGIN> 7.61
<PER-SHARE-NII> (0.01)
<PER-SHARE-GAIN-APPREC> 0.79
<PER-SHARE-DIVIDEND> 0.00
<PER-SHARE-DISTRIBUTIONS> 0.00
<RETURNS-OF-CAPITAL> 0.00
<PER-SHARE-NAV-END> 8.39
<EXPENSE-RATIO> 2.53
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0.00
</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-31-1997
<PERIOD-END> JUN-30-1997
<INVESTMENTS-AT-COST> 129,601,198
<INVESTMENTS-AT-VALUE> 186,234,637
<RECEIVABLES> 263,238
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 15
<TOTAL-ASSETS> 186,497,890
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 38,459
<TOTAL-LIABILITIES> 38,459
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 126,491,070
<SHARES-COMMON-STOCK> 9,942,000
<SHARES-COMMON-PRIOR> 7,983,033
<ACCUMULATED-NII-CURRENT> 1,159,009
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 2,175,913
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 56,633,439
<NET-ASSETS> 186,459,431
<DIVIDEND-INCOME> 1,341,107
<INTEREST-INCOME> 335,496
<OTHER-INCOME> 0
<EXPENSES-NET> 744,316
<NET-INVESTMENT-INCOME> 932,287
<REALIZED-GAINS-CURRENT> 1,966,681
<APPREC-INCREASE-CURRENT> 23,913,658
<NET-CHANGE-FROM-OPS> 26,812,626
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 2,327,601
<NUMBER-OF-SHARES-REDEEMED> (368,634)
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> 60,220,790
<ACCUMULATED-NII-PRIOR> 226,722
<ACCUMULATED-GAINS-PRIOR> 209,232
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 738,988
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 744,316
<AVERAGE-NET-ASSETS> 151,310,017
<PER-SHARE-NAV-BEGIN> 15.81
<PER-SHARE-NII> 0.10
<PER-SHARE-GAIN-APPREC> 2.84
<PER-SHARE-DIVIDEND> 0.00
<PER-SHARE-DISTRIBUTIONS> 0.00
<RETURNS-OF-CAPITAL> 0.00
<PER-SHARE-NAV-END> 18.75
<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-31-1997
<PERIOD-END> JUN-30-1997
<INVESTMENTS-AT-COST> 45,470,421
<INVESTMENTS-AT-VALUE> 50,718,741
<RECEIVABLES> 1,471,431
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 1,402,894
<TOTAL-ASSETS> 53,593,066
<PAYABLE-FOR-SECURITIES> 2,170,781
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 1,087
<TOTAL-LIABILITIES> 2,171,868
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 54,360,991
<SHARES-COMMON-STOCK> 4,511,442
<SHARES-COMMON-PRIOR> 5,301,626
<ACCUMULATED-NII-CURRENT> 94,245
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (8,166,345)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 5,132,307
<NET-ASSETS> 51,421,198
<DIVIDEND-INCOME> 372,130
<INTEREST-INCOME> 145,067
<OTHER-INCOME> 0
<EXPENSES-NET> 471,397
<NET-INVESTMENT-INCOME> 45,800
<REALIZED-GAINS-CURRENT> 4,308,870
<APPREC-INCREASE-CURRENT> 4,530,314
<NET-CHANGE-FROM-OPS> 8,884,984
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 889,320
<NUMBER-OF-SHARES-REDEEMED> (1,679,504)
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> (89,235)
<ACCUMULATED-NII-PRIOR> 48,445
<ACCUMULATED-GAINS-PRIOR> (12,475,215)
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 438,078
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 471,397
<AVERAGE-NET-ASSETS> 55,728,346
<PER-SHARE-NAV-BEGIN> 9.72
<PER-SHARE-NII> 0.01
<PER-SHARE-GAIN-APPREC> 1.67
<PER-SHARE-DIVIDEND> 0.00
<PER-SHARE-DISTRIBUTIONS> 0.00
<RETURNS-OF-CAPITAL> 0.00
<PER-SHARE-NAV-END> 11.40
<EXPENSE-RATIO> 1.71
<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-31-1997
<PERIOD-END> JUN-30-1997
<INVESTMENTS-AT-COST> 3,936,815
<INVESTMENTS-AT-VALUE> 6,176,271
<RECEIVABLES> 4,789
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 173
<TOTAL-ASSETS> 6,181,233
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 4,362
<TOTAL-LIABILITIES> 4,362
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 3,657,433
<SHARES-COMMON-STOCK> 397,698
<SHARES-COMMON-PRIOR> 422,420
<ACCUMULATED-NII-CURRENT> 70,679
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 209,303
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 2,239,456
<NET-ASSETS> 6,176,871
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 100,184
<OTHER-INCOME> 0
<EXPENSES-NET> 29,717
<NET-INVESTMENT-INCOME> 70,467
<REALIZED-GAINS-CURRENT> 209,303
<APPREC-INCREASE-CURRENT> 694,698
<NET-CHANGE-FROM-OPS> 974,468
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 0
<NUMBER-OF-SHARES-REDEEMED> (24,722)
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> 592,011
<ACCUMULATED-NII-PRIOR> 212
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 29,486
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 29,717
<AVERAGE-NET-ASSETS> 5,949,424
<PER-SHARE-NAV-BEGIN> 13.22
<PER-SHARE-NII> 0.18
<PER-SHARE-GAIN-APPREC> 2.13
<PER-SHARE-DIVIDEND> 0.00
<PER-SHARE-DISTRIBUTIONS> 0.00
<RETURNS-OF-CAPITAL> 0.00
<PER-SHARE-NAV-END> 15.53
<EXPENSE-RATIO> 1.01
<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-31-1997
<PERIOD-END> JUN-30-1997
<INVESTMENTS-AT-COST> 47,708,874
<INVESTMENTS-AT-VALUE> 56,951,294
<RECEIVABLES> 211,728
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 2,739,865
<TOTAL-ASSETS> 59,902,887
<PAYABLE-FOR-SECURITIES> 509,850
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 64,438
<TOTAL-LIABILITIES> 574,288
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 46,090,875
<SHARES-COMMON-STOCK> 3,599,472
<SHARES-COMMON-PRIOR> 3,204,698
<ACCUMULATED-NII-CURRENT> 588,706
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 3,410,103
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 9,238,915
<NET-ASSETS> 59,328,599
<DIVIDEND-INCOME> 610,226
<INTEREST-INCOME> 72,742
<OTHER-INCOME> 0
<EXPENSES-NET> 247,572
<NET-INVESTMENT-INCOME> 435,396
<REALIZED-GAINS-CURRENT> 3,009,709
<APPREC-INCREASE-CURRENT> 5,251,663
<NET-CHANGE-FROM-OPS> 8,696,768
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 646,276
<NUMBER-OF-SHARES-REDEEMED> (251,502)
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> 14,708,255
<ACCUMULATED-NII-PRIOR> 153,310
<ACCUMULATED-GAINS-PRIOR> 400,394
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 245,698
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 247,572
<AVERAGE-NET-ASSETS> 50,278,244
<PER-SHARE-NAV-BEGIN> 13.92
<PER-SHARE-NII> 0.12
<PER-SHARE-GAIN-APPREC> 2.44
<PER-SHARE-DIVIDEND> 0.00
<PER-SHARE-DISTRIBUTIONS> 0.00
<RETURNS-OF-CAPITAL> 0.00
<PER-SHARE-NAV-END> 16.48
<EXPENSE-RATIO> 1.00
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 14
<NAME> GCG Strategic Equity Series
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> DEC-31-1997
<PERIOD-END> JUN-30-1997
<INVESTMENTS-AT-COST> 36,153,778
<INVESTMENTS-AT-VALUE> 40,261,261
<RECEIVABLES> 50,395
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 25,932
<TOTAL-ASSETS> 40,337,588
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 7,421
<TOTAL-LIABILITIES> 7,421
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 34,700,546
<SHARES-COMMON-STOCK> 3,213,676
<SHARES-COMMON-PRIOR> 2,604,255
<ACCUMULATED-NII-CURRENT> 473,826
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 1,057,453
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 4,098,342
<NET-ASSETS> 40,330,167
<DIVIDEND-INCOME> 299,798
<INTEREST-INCOME> 262,358
<OTHER-INCOME> 0
<EXPENSES-NET> 174,026
<NET-INVESTMENT-INCOME> 388,130
<REALIZED-GAINS-CURRENT> 582,349
<APPREC-INCREASE-CURRENT> 1,787,735
<NET-CHANGE-FROM-OPS> 2,758,214
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 690,202
<NUMBER-OF-SHARES-REDEEMED> (80,781)
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> 9,906,746
<ACCUMULATED-NII-PRIOR> 85,696
<ACCUMULATED-GAINS-PRIOR> 475,104
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 172,781
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 174,026
<AVERAGE-NET-ASSETS> 35,355,261
<PER-SHARE-NAV-BEGIN> 11.68
<PER-SHARE-NII> 0.13
<PER-SHARE-GAIN-APPREC> 0.74
<PER-SHARE-DIVIDEND> 0.00
<PER-SHARE-DISTRIBUTIONS> 0.00
<RETURNS-OF-CAPITAL> 0.00
<PER-SHARE-NAV-END> 12.55
<EXPENSE-RATIO> 1.00
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 15
<NAME> GCG Small Cap Series
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> DEC-31-1997
<PERIOD-END> JUN-30-1997
<INVESTMENTS-AT-COST> 37,913,557
<INVESTMENTS-AT-VALUE> 46,510,777
<RECEIVABLES> 476,780
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 597,446
<TOTAL-ASSETS> 47,585,003
<PAYABLE-FOR-SECURITIES> 635,750
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 0
<TOTAL-LIABILITIES> 635,750
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 45,133,934
<SHARES-COMMON-STOCK> 3,891,076
<SHARES-COMMON-PRIOR> 2,862,021
<ACCUMULATED-NII-CURRENT> (55,548)
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (6,726,353)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 8,597,220
<NET-ASSETS> 46,949,253
<DIVIDEND-INCOME> 47,807
<INTEREST-INCOME> 84,677
<OTHER-INCOME> 0
<EXPENSES-NET> 188,032
<NET-INVESTMENT-INCOME> (55,548)
<REALIZED-GAINS-CURRENT> (4,862,411)
<APPREC-INCREASE-CURRENT> 5,984,990
<NET-CHANGE-FROM-OPS> 1,067,031
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 1,560,060
<NUMBER-OF-SHARES-REDEEMED> (531,005)
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> 12,584,535
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> (1,863,942)
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 186,623
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 188,032
<AVERAGE-NET-ASSETS> 38,197,346
<PER-SHARE-NAV-BEGIN> 12.01
<PER-SHARE-NII> (0.01)
<PER-SHARE-GAIN-APPREC> 0.07
<PER-SHARE-DIVIDEND> 0.00
<PER-SHARE-DISTRIBUTIONS> 0.00
<RETURNS-OF-CAPITAL> 0.00
<PER-SHARE-NAV-END> 12.07
<EXPENSE-RATIO> 0.99
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 16
<NAME> GCG Trust Managed Global Series
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> DEC-31-1997
<PERIOD-END> JUN-30-1997
<INVESTMENTS-AT-COST> 92,985,617
<INVESTMENTS-AT-VALUE> 102,962,395
<RECEIVABLES> 2,486,615
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 1,083,076
<TOTAL-ASSETS> 106,532,086
<PAYABLE-FOR-SECURITIES> 3,701,250
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 241,101
<TOTAL-LIABILITIES> 3,942,351
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 86,165,181
<SHARES-COMMON-STOCK> 8,130,941
<SHARES-COMMON-PRIOR> 7,763,118
<ACCUMULATED-NII-CURRENT> 423,096
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 5,657,022
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 10,344,436
<NET-ASSETS> 102,589,735
<DIVIDEND-INCOME> 698,330
<INTEREST-INCOME> 123,313
<OTHER-INCOME> 0
<EXPENSES-NET> 569,745
<NET-INVESTMENT-INCOME> 251,898
<REALIZED-GAINS-CURRENT> 5,558,953
<APPREC-INCREASE-CURRENT> 6,102,586
<NET-CHANGE-FROM-OPS> 11,913,437
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 1,090,834
<NUMBER-OF-SHARES-REDEEMED> (723,011)
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> 16,213,334
<ACCUMULATED-NII-PRIOR> 171,198
<ACCUMULATED-GAINS-PRIOR> 98,069
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 565,230
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 569,745
<AVERAGE-NET-ASSETS> 91,276,795
<PER-SHARE-NAV-BEGIN> 11.13
<PER-SHARE-NII> 0.03
<PER-SHARE-GAIN-APPREC> 1.46
<PER-SHARE-DIVIDEND> 0.00
<PER-SHARE-DISTRIBUTIONS> 0.00
<RETURNS-OF-CAPITAL> 0.00
<PER-SHARE-NAV-END> 12.62
<EXPENSE-RATIO> 1.26
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
