<PAGE> PAGE 1
000 B000000 12/31/97
000 C000000 837276
000 D000000 N
000 E000000 NF
000 F000000 Y
000 G000000 Y
000 H000000 N
000 I000000 3.0.a
000 J000000 A
001 A000000 THE GCG TRUST
001 B000000 811-5629
001 C000000 3025763430
002 A000000 1001 JEFFERSON STREET 4TH FLOOR
002 B000000 WILMINGTON
002 C000000 DE
002 D010000 19801
003 000000 N
004 000000 N
005 000000 N
006 000000 N
007 A000000 Y
007 B000000 16
007 C010100 1
007 C020100 MULTIPLE ALLOCATION SERIES
007 C030100 N
007 C010200 2
007 C020200 FULLY MANAGED SERIES
007 C030200 N
007 C010300 3
007 C020300 LIMITED MATURITY BOND SERIES
007 C030300 N
007 C010400 4
007 C020400 HARD ASSETS SERIES
007 C030400 N
007 C010500 5
007 C020500 REAL ESTATE SERIES
007 C030500 N
007 C010600 6
007 C020600 ALL-GROWTH SERIES
007 C030600 N
007 C010700 7
007 C020700 LIQUID ASSET SERIES
007 C030700 N
007 C010800 8
007 C020800 CAPITAL APPRECIATION SERIES
007 C030800 N
007 C010900 9
007 C020900 FUND FOR LIFE SERIES
007 C030900 N
007 C011000 10
007 C021000 RISING DIVIDENDS SERIES
<PAGE> PAGE 2
007 C031000 N
007 C011100 11
007 C021100 EMERGING MARKETS SERIES
007 C031100 N
007 C011200 12
007 C021200 MARKET MANAGER SERIES
007 C031200 N
007 C011300 13
007 C021300 VALUE EQUITY SERIES
007 C031300 N
007 C011400 14
007 C021400 STRATEGIC EQUITY SERIES
007 C031400 N
007 C011500 15
007 C021500 SMALL CAP SERIES
007 C031500 N
007 C011600 16
007 C021600 MANAGED GLOBAL SERIES
007 C031600 N
007 C011700 17
007 C011800 18
007 C011900 19
007 C012000 20
010 A00AA01 DIRECTED SERVICES, INC.
010 B00AA01 8-39104
010 C01AA01 WILMINGTON
010 C02AA01 DE
010 C03AA01 19801
011 A00AA01 DIRECTED SERVICES, INC.
011 B00AA01 8-8-39104
011 C01AA01 WILMINGTON
011 C02AA01 DE
011 C03AA01 19801
012 A00AA01 DIRECTED SERVICES, INC.
012 B00AA01 84-39104
012 C01AA01 WILMINGTON
012 C02AA01 DE
012 C03AA01 19801
013 A00AA01 ERNST & YOUNG LLP
013 B01AA01 BOSTON
013 B02AA01 MA
013 B03AA01 02116
015 A00AA01 BANKERS TRUST COMPANY
015 B00AA01 C
015 C01AA01 NEW YORK
015 C02AA01 NY
015 C03AA01 10006
015 E03AA01 X
015 A00AA02 ASTRALIA AND NEW ZEALAND BANKING GROUP LTD
015 B00AA02 S
015 C01AA02 MELBOURNE
<PAGE> PAGE 3
015 D01AA02 AUSTRALIA
015 E04AA02 X
015 A00AA03 CITIBANK, NA
015 B00AA03 S
015 C01AA03 SAO PAULO
015 D01AA03 BRAZIL
015 E04AA03 X
015 A00AA04 TORONTO DOMIMION BANK
015 B00AA04 S
015 C01AA04 TORANTO
015 D01AA04 CANADA
015 E04AA04 X
015 A00AA05 CESKOSLOVENSKA OBCHODNI BANKA, A.S.
015 B00AA05 S
015 C01AA05 PRAGUE
015 D01AA05 CZECH REPUBLIC
015 E04AA05 X
015 A00AA06 CITIBANK, NA
015 B00AA06 S
015 C01AA06 SANTIAGO
015 D01AA06 CHILE
015 E04AA06 X
015 A00AA07 STANDARD CHARTERED BANK
015 B00AA07 S
015 C01AA07 SHANGHAI
015 D01AA07 CHINA
015 E04AA07 X
015 A00AA08 CITIBANK COLUMBIA, S.A. SOCIEDAD FIDUCIARIA
015 B00AA08 S
015 C01AA08 BOSOTA
015 D01AA08 COLUMBIA
015 E04AA08 X
015 A00AA09 NATIONAL BANK OF GREECE S.A.
015 B00AA09 S
015 C01AA09 ATHENS
015 D01AA09 GREECE
015 E04AA09 X
015 A00AA10 STANDARD CHARTERED BANK
015 B00AA10 S
015 C01AA10 HONG KONG
015 D01AA10 HONG KONG
015 E04AA10 X
015 A00AA11 CITIBANK BUDAPEST RT
015 B00AA11 S
015 C01AA11 BUDAPEST
015 D01AA11 HUNGARY
015 E04AA11 X
015 A00AA12 THE HONG KONG AND SHANGHAI BANKING CORP. LTD
015 B00AA12 S
015 C01AA12 BOMBAY
015 D01AA12 INDIA
<PAGE> PAGE 4
015 E04AA12 X
015 A00AA13 STANDARD CHARTERED BANK
015 B00AA13 S
015 C01AA13 JAKARTA
015 D01AA13 INDONESIA
015 E04AA13 X
015 A00AA14 STANDARD CHARTERED BANK
015 B00AA14 S
015 C01AA14 SEOUL
015 D01AA14 KOREA
015 E04AA14 X
015 A00AA15 CHUNG KHIAW BANK, LTD.
015 B00AA15 S
015 C01AA15 KUALA LUMPUR
015 D01AA15 MALAYSIA
015 E04AA15 X
015 A00AA16 BANCOMER, S.A. INST. DE BANCA MUL GRUPO FINAN
015 B00AA16 S
015 C01AA16 MEXICO CITY
015 D01AA16 MEXICO
015 E04AA16 X
015 A00AA17 STANDARD CHARTERED BANK
015 B00AA17 S
015 C01AA17 KARACHI
015 D01AA17 PAKISTAN
015 E04AA17 X
015 A00AA18 CITIBANK, N.A.
015 B00AA18 S
015 C01AA18 LIMA
015 D01AA18 PERU
015 E04AA18 X
015 A00AA19 STANDARD CHARTERED BANK
015 B00AA19 S
015 C01AA19 MANILA
015 D01AA19 PHILIPPINES
015 E04AA19 X
015 A00AA20 CITIBANK POLAND, S.A.
015 B00AA20 S
015 C01AA20 WARSAU
015 D01AA20 POLAND
015 E04AA20 X
015 A00AA21 BANCO ESPIRITO SANTO E COMMERCIAL DE LISBOASA
015 B00AA21 S
015 C01AA21 LIBSON
015 D01AA21 PORTUGAL
015 E04AA21 X
015 A00AA22 UNITED OVERSEAS BANK, LTD
015 B00AA22 S
015 C01AA22 SINGAPORE
015 D01AA22 SINGAPORE
015 E04AA22 X
<PAGE> PAGE 5
015 A00AA23 STANDARD CHARTERED BANK
015 B00AA23 S
015 C01AA23 COLUMBO
015 D01AA23 SRI LANKA
015 E04AA23 X
015 A00AA24 ABSA BANK
015 B00AA24 S
015 C01AA24 JOHANNESBURG
015 D01AA24 SOUTH AFRICA
015 E04AA24 X
015 A00AA25 CENTRAL TRUST OF CHINA
015 B00AA25 S
015 C01AA25 TAIPAI
015 D01AA25 TAIWAN
015 E04AA25 X
015 A00AA26 STANDARD CHARTERED BANK
015 B00AA26 S
015 C01AA26 BANGKOK
015 D01AA26 THAILAND
015 E04AA26 X
015 A00AA27 OSMANLI BANKASI A.S. (OHOMAN BANK)
015 B00AA27 S
015 C01AA27 ISTANBUL
015 D01AA27 TURKEY
015 E04AA27 X
015 A00AA28 BANKERS TRUST COMPANY
015 B00AA28 S
015 C01AA28 LONDON
015 D01AA28 UNITED KINGDOM
015 E04AA28 X
015 A00AA29 CITIBANK, N.A.
015 B00AA29 S
015 C01AA29 CARACAS
015 D01AA29 VENEZUELA
015 E04AA29 X
015 A00AA30 EUROCLEAR
015 B00AA30 S
015 C01AA30 BRUSSELS
015 D01AA30 NORWAY
015 E04AA30 X
015 A00AA31 ABSA BANK
015 B00AA31 S
015 C01AA31 JOHANNESBURG
015 D01AA31 SOUTH AFRICA
015 E04AA31 X
018 00AA00 Y
019 A00AA00 Y
019 B00AA00 16
019 C00AA00 GCGTRUSTXX
020 A000001 MERRILL LYNCH PIERCE FENNER & SMITH
020 B000001 13-5674085
<PAGE> PAGE 6
020 C000001 283
020 A000002 WARBURG (S.G.), CO.
020 B000002 13-3340045
020 C000002 191
020 A000003 GOLDMAN SACHS & CO.
020 B000003 13-5108880
020 C000003 189
020 A000004 FRED ALGER
020 C000004 150
020 A000005 MORGAN STANLEY & CO. INC.
020 B000005 13-2655998
020 C000005 140
020 A000006 DEUTSCHE MORGAN
020 C000006 137
020 A000007 SMITH BARNEY
020 B000007 13-1912900
020 C000007 90
020 A000008 SALOMON BROTHERS
020 C000008 89
020 A000009 PAINE WEBBER
020 C000009 80
020 A000010 UNION BANK OF SWITZERLAND (UBS)
020 C000010 70
021 000000 3232
022 A000001 MERRILL LYNCH PIERCE FENNER & SMITH INC.
022 B000001 13-5674085
022 C000001 4552619
022 D000001 55411
022 A000002 GOLDMAN SACHS & CO.
022 B000002 13-5108880
022 C000002 2206314
022 D000002 129972
022 A000003 PRUDENTIAL SECURITIES, INC.
022 B000003 22-2347336
022 C000003 718345
022 D000003 10125
022 A000004 UBS SEC.
022 C000004 589589
022 D000004 29772
022 A000005 WARBURG (S.G.) SECURITIES INC.
022 B000005 13-3243112
022 C000005 606574
022 D000005 4840
022 A000006 LEHMAN BROTHERS
022 C000006 436162
022 D000006 7490
022 A000007 DEAN WITTER
022 C000007 425527
022 D000007 0
022 A000008 HSBC
022 C000008 363301
<PAGE> PAGE 7
022 D000008 900
022 A000009 GENERAL ELECTRIC CAPITAL CORP.
022 C000009 291747
022 D000009 0
022 A000010 AMEX CREDIT
022 C000010 243989
022 D000010 0
023 C000000 11601306
023 D000000 554939
026 A000000 N
026 B000000 Y
026 C000000 N
026 D000000 Y
026 E000000 N
026 F000000 N
026 G010000 N
026 G020000 N
026 H000000 N
027 000000 Y
029 00AA00 N
030 A00AA00 0
030 B00AA00 0.00
030 C00AA00 0.00
031 A00AA00 0
031 B00AA00 0
032 00AA00 0
033 00AA00 0
034 00AA00 N
035 00AA00 0
036 B00AA00 0
037 00AA00 N
038 00AA00 0
039 00AA00 N
040 00AA00 N
042 A00AA00 0
042 B00AA00 0
042 C00AA00 0
042 D00AA00 0
042 E00AA00 0
042 F00AA00 0
042 G00AA00 0
042 H00AA00 0
043 00AA00 0
044 00AA00 0
049 00AA00 N
050 00AA00 N
051 00AA00 N
052 00AA00 N
053 A00AA00 N
054 A00AA00 Y
054 B00AA00 Y
<PAGE> PAGE 8
054 C00AA00 N
054 D00AA00 N
054 E00AA00 N
054 F00AA00 N
054 G00AA00 Y
054 H00AA00 Y
054 I00AA00 N
054 J00AA00 Y
054 K00AA00 N
054 L00AA00 N
054 M00AA00 Y
054 N00AA00 Y
054 O00AA00 Y
055 A00AA00 N
055 B00AA00 N
056 00AA00 Y
057 00AA00 N
077 A000000 Y
077 B000000 Y
077 M000000 Y
077 O000000 Y
077 Q010000 Y
080 A00AA00 ICI INSURANCE COMPANY
080 C00AA00 0
081 A00AA00 N
081 B00AA00 0
082 A00AA00 N
082 B00AA00 0
083 A00AA00 N
083 B00AA00 0
084 A00AA00 N
084 B00AA00 0
085 A00AA00 N
085 B00AA00 N
008 A000101 DIRECTED SERVICES, INC.
008 B000101 A
008 C000101 801-32675
008 D010101 WILMINGTON
008 D020101 DE
008 D030101 19801
008 A000102 ZWEIG ADVISORS INC.
008 B000102 S
008 C000102 801-27366
008 D010102 NEW YORK
008 D020102 NY
008 D030102 10022
014 A000101 ZWEIG SECURITIES CORPORATION
014 B000101 8-9999999
024 000100 N
025 D000101 0
025 D000102 0
<PAGE> PAGE 9
025 D000103 0
025 D000104 0
025 D000105 0
025 D000106 0
025 D000107 0
025 D000108 0
028 A010100 471
028 A020100 0
028 A030100 0
028 A040100 5690
028 B010100 75
028 B020100 0
028 B030100 0
028 B040100 4736
028 C010100 190
028 C020100 5519
028 C030100 0
028 C040100 5090
028 D010100 255
028 D020100 0
028 D030100 0
028 D040100 6921
028 E010100 179
028 E020100 0
028 E030100 0
028 E040100 2829
028 F010100 162
028 F020100 21897
028 F030100 0
028 F040100 2730
028 G010100 1332
028 G020100 27416
028 G030100 0
028 G040100 27996
028 H000100 0
045 000100 Y
046 000100 N
047 000100 Y
048 000100 0.000
048 A010100 750000
048 A020100 1.000
048 B010100 1250000
048 B020100 0.950
048 C010100 1500000
048 C020100 0.900
048 D010100 0
048 D020100 0.000
048 E010100 0
048 E020100 0.000
048 F010100 0
048 F020100 0.000
<PAGE> PAGE 10
048 G010100 0
048 G020100 0.000
048 H010100 0
048 H020100 0.000
048 I010100 0
048 I020100 0.000
048 J010100 0
048 J020100 0.000
048 K010100 3500000
048 K020100 0.850
058 A000100 N
059 000100 Y
060 A000100 Y
060 B000100 Y
061 000100 0
062 A000100 Y
062 B000100 0.0
062 C000100 0.0
062 D000100 0.0
062 E000100 0.0
062 F000100 0.0
062 G000100 0.0
062 H000100 0.0
062 I000100 2.5
062 J000100 0.0
062 K000100 0.0
062 L000100 0.0
062 M000100 50.3
062 N000100 0.0
062 O000100 0.0
062 P000100 0.0
062 Q000100 0.0
062 R000100 46.1
063 A000100 0
063 B000100 4.6
064 A000100 N
064 B000100 N
066 A000100 N
067 000100 N
068 A000100 N
068 B000100 N
069 000100 N
070 A010100 Y
070 A020100 N
070 B010100 Y
070 B020100 N
070 C010100 Y
070 C020100 N
070 D010100 Y
070 D020100 N
070 E010100 Y
<PAGE> PAGE 11
070 E020100 N
070 F010100 Y
070 F020100 Y
070 G010100 Y
070 G020100 N
070 H010100 Y
070 H020100 N
070 I010100 Y
070 I020100 N
070 J010100 Y
070 J020100 N
070 K010100 Y
070 K020100 Y
070 L010100 Y
070 L020100 N
070 M010100 Y
070 M020100 N
070 N010100 Y
070 N020100 N
070 O010100 Y
070 O020100 N
070 P010100 N
070 P020100 N
070 Q010100 N
070 Q020100 N
070 R010100 Y
070 R020100 N
071 A000100 211330
071 B000100 174402
071 C000100 220364
071 D000100 79
072 A000100 12
072 B000100 9605
072 C000100 3447
072 D000100 0
072 E000100 0
072 F000100 2636
072 G000100 0
072 H000100 0
072 I000100 0
072 J000100 0
072 K000100 0
072 L000100 0
072 M000100 23
072 N000100 0
072 O000100 0
072 P000100 0
072 Q000100 0
072 R000100 0
072 S000100 0
072 T000100 0
<PAGE> PAGE 12
072 U000100 0
072 V000100 0
072 W000100 0
072 X000100 2659
072 Y000100 0
072 Z000100 10393
072AA000100 17804
072BB000100 0
072CC010100 14967
072CC020100 0
072DD010100 0
072DD020100 0
072EE000100 0
073 A010100 0.5474
073 A020100 0.0000
073 B000100 0.9217
073 C000100 0.0000
074 A000100 112
074 B000100 0
074 C000100 6499
074 D000100 133114
074 E000100 0
074 F000100 122010
074 G000100 0
074 H000100 0
074 I000100 0
074 J000100 55
074 K000100 0
074 L000100 2809
074 M000100 0
074 N000100 264599
074 O000100 0
074 P000100 0
074 Q000100 0
074 R010100 0
074 R020100 0
074 R030100 0
074 R040100 0
074 S000100 0
074 T000100 264599
074 U010100 20218
074 U020100 0
074 V010100 13.09
074 V020100 0.00
074 W000100 0.0000
074 X000100 3
074 Y000100 0
075 A000100 267850
075 B000100 0
076 000100 0.00
008 A000201 DIRECT SERVICES, INC.
<PAGE> PAGE 13
008 B000201 A
008 C000201 801-32675
008 D010201 WILMINGTON
008 D020201 DE
008 D030201 19801
008 A000202 T. ROWE PRICE ASSOCIATES, INC.
008 B000202 S
008 C000202 801-856
008 D010202 BALTIMORE
008 D020202 MD
008 D030202 21202
008 A000204 DELETE
014 A000201 DELETE
024 000200 Y
025 A000201 UBS SECURITIES
025 C000201 D
025 D000201 145
025 D000202 0
025 D000203 0
025 D000204 0
025 D000205 0
025 D000206 0
025 D000207 0
025 D000208 0
028 A010200 1527
028 A020200 0
028 A030200 0
028 A040200 1491
028 B010200 1494
028 B020200 0
028 B030200 0
028 B040200 1248
028 C010200 1944
028 C020200 2835
028 C030200 0
028 C040200 2167
028 D010200 2097
028 D020200 0
028 D030200 0
028 D040200 1368
028 E010200 2592
028 E020200 0
028 E030200 0
028 E040200 366
028 F010200 3667
028 F020200 10570
028 F030200 0
028 F040200 571
028 G010200 13321
028 G020200 13405
028 G030200 0
<PAGE> PAGE 14
028 G040200 7211
028 H000200 0
045 000200 Y
046 000200 N
047 000200 Y
048 000200 0.000
048 A010200 750000
048 A020200 1.000
048 B010200 1250000
048 B020200 0.950
048 C010200 1500000
048 C020200 0.900
048 D010200 0
048 D020200 0.000
048 E010200 0
048 E020200 0.000
048 F010200 0
048 F020200 0.000
048 G010200 0
048 G020200 0.000
048 H010200 0
048 H020200 0.000
048 I010200 0
048 I020200 0.000
048 J010200 0
048 J020200 0.000
048 K010200 3500000
048 K020200 0.850
058 A000200 N
059 000200 Y
060 A000200 Y
060 B000200 Y
061 000200 0
062 A000200 N
062 B000200 0.0
062 C000200 0.0
062 D000200 0.0
062 E000200 0.0
062 F000200 0.0
062 G000200 0.0
062 H000200 0.0
062 I000200 0.0
062 J000200 0.0
062 K000200 0.0
062 L000200 0.0
062 M000200 0.0
062 N000200 0.0
062 O000200 0.0
062 P000200 0.0
062 Q000200 0.0
062 R000200 0.0
<PAGE> PAGE 15
066 A000200 Y
066 G000200 Y
067 000200 N
068 A000200 N
068 B000200 N
069 000200 N
070 A010200 Y
070 A020200 N
070 B010200 Y
070 B020200 Y
070 C010200 Y
070 C020200 N
070 D010200 Y
070 D020200 N
070 E010200 Y
070 E020200 N
070 F010200 Y
070 F020200 N
070 G010200 N
070 G020200 N
070 H010200 Y
070 H020200 N
070 I010200 N
070 I020200 N
070 J010200 Y
070 J020200 Y
070 K010200 Y
070 K020200 N
070 L010200 Y
070 L020200 Y
070 M010200 Y
070 M020200 Y
070 N010200 Y
070 N020200 N
070 O010200 Y
070 O020200 N
070 P010200 N
070 P020200 N
070 Q010200 N
070 Q020200 N
070 R010200 N
070 R020200 N
071 A000200 69356
071 B000200 65982
071 C000200 135734
071 D000200 48
072 A000200 12
072 B000200 3250
072 C000200 2305
072 D000200 0
072 E000200 0
<PAGE> PAGE 16
072 F000200 1490
072 G000200 0
072 H000200 0
072 I000200 0
072 J000200 0
072 K000200 0
072 L000200 0
072 M000200 12
072 N000200 0
072 O000200 0
072 P000200 0
072 Q000200 0
072 R000200 0
072 S000200 0
072 T000200 0
072 U000200 0
072 V000200 0
072 W000200 0
072 X000200 1502
072 Y000200 0
072 Z000200 4052
072AA000200 10614
072BB000200 0
072CC010200 7068
072CC020200 0
072DD010200 0
072DD020200 0
072EE000200 0
073 A010200 0.4131
073 A020200 0.0000
073 B000200 0.9254
073 C000200 0.0000
074 A000200 3
074 B000200 0
074 C000200 22775
074 D000200 52436
074 E000200 7690
074 F000200 86842
074 G000200 325
074 H000200 0
074 I000200 0
074 J000200 45
074 K000200 0
074 L000200 813
074 M000200 0
074 N000200 170929
074 O000200 878
074 P000200 0
074 Q000200 0
074 R010200 0
074 R020200 0
<PAGE> PAGE 17
074 R030200 0
074 R040200 64
074 S000200 0
074 T000200 169987
074 U010200 10804
074 U020200 0
074 V010200 15.73
074 V020200 0.00
074 W000200 0.0000
074 X000200 3
074 Y000200 0
075 A000200 151519
075 B000200 0
076 000200 0.00
008 A000301 DIRECTED SERVICES, INC
008 B000301 A
008 C000301 801-32675
008 D010301 WILMINGTON
008 D020301 DE
008 D030301 19801
008 A000302 EQUITABLE INVESTMENT SERVICES, INC.
008 B000302 S
008 C000302 801-99999
008 D010302 NEW YORK
008 D020302 NY
008 D030302 10017
008 A000304 DELETE
024 000300 Y
025 A000301 PAINE WEBBER GROUP INC.
025 C000301 D
025 D000301 2013
025 D000302 0
025 D000303 0
025 D000304 0
025 D000305 0
025 D000306 0
025 D000307 0
025 D000308 0
028 A010300 91
028 A020300 0
028 A030300 0
028 A040300 1314
028 B010300 335
028 B020300 0
028 B030300 0
028 B040300 769
028 C010300 85
028 C020300 882
028 C030300 0
028 C040300 900
028 D010300 4453
<PAGE> PAGE 18
028 D020300 0
028 D030300 0
028 D040300 1211
028 E010300 1117
028 E020300 0
028 E030300 0
028 E040300 30883
028 F010300 1695
028 F020300 3375
028 F030300 0
028 F040300 765
028 G010300 7776
028 G020300 4257
028 G030300 0
028 G040300 35842
028 H000300 0
045 000300 Y
046 000300 N
047 000300 Y
048 000300 0.000
048 A010300 200000
048 A020300 0.600
048 B010300 300000
048 B020300 0.550
048 C010300 0
048 C020300 0.000
048 D010300 0
048 D020300 0.000
048 E010300 0
048 E020300 0.000
048 F010300 0
048 F020300 0.000
048 G010300 0
048 G020300 0.000
048 H010300 0
048 H020300 0.000
048 I010300 0
048 I020300 0.000
048 J010300 0
048 J020300 0.000
048 K010300 500000
048 K020300 0.500
058 A000300 N
059 000300 Y
060 A000300 Y
060 B000300 Y
061 000300 0
062 A000300 Y
062 B000300 0.0
062 C000300 0.0
062 D000300 0.0
<PAGE> PAGE 19
062 E000300 0.0
062 F000300 0.0
062 G000300 0.0
062 H000300 0.0
062 I000300 6.7
062 J000300 0.0
062 K000300 0.0
062 L000300 0.0
062 M000300 38.0
062 N000300 1.3
062 O000300 0.0
062 P000300 48.3
062 Q000300 4.6
062 R000300 0.0
063 A000300 0
063 B000300 3.2
064 A000300 N
064 B000300 N
066 A000300 N
067 000300 N
068 A000300 N
068 B000300 N
069 000300 N
070 A010300 Y
070 A020300 N
070 B010300 Y
070 B020300 N
070 C010300 Y
070 C020300 N
070 D010300 N
070 D020300 N
070 E010300 Y
070 E020300 N
070 F010300 N
070 F020300 N
070 G010300 Y
070 G020300 N
070 H010300 N
070 H020300 N
070 I010300 N
070 I020300 N
070 J010300 Y
070 J020300 N
070 K010300 Y
070 K020300 N
070 L010300 Y
070 L020300 N
070 M010300 N
070 M020300 N
070 N010300 Y
070 N020300 N
<PAGE> PAGE 20
070 O010300 Y
070 O020300 N
070 P010300 N
070 P020300 N
070 Q010300 N
070 Q020300 N
070 R010300 N
070 R020300 N
071 A000300 55399
071 B000300 76716
071 C000300 68370
071 D000300 81
072 A000300 12
072 B000300 4764
072 C000300 0
072 D000300 0
072 E000300 0
072 F000300 455
072 G000300 0
072 H000300 0
072 I000300 0
072 J000300 0
072 K000300 0
072 L000300 0
072 M000300 7
072 N000300 0
072 O000300 0
072 P000300 0
072 Q000300 0
072 R000300 0
072 S000300 0
072 T000300 0
072 U000300 0
072 V000300 0
072 W000300 0
072 X000300 462
072 Y000300 0
072 Z000300 4302
072AA000300 102
072BB000300 0
072CC010300 454
072CC020300 0
072DD010300 0
072DD020300 0
072EE000300 0
073 A010300 0.8115
073 A020300 0.0000
073 B000300 0.0000
073 C000300 0.0000
074 A000300 1
074 B000300 0
<PAGE> PAGE 21
074 C000300 3590
074 D000300 49632
074 E000300 0
074 F000300 0
074 G000300 0
074 H000300 0
074 I000300 0
074 J000300 0
074 K000300 0
074 L000300 616
074 M000300 0
074 N000300 53839
074 O000300 0
074 P000300 0
074 Q000300 0
074 R010300 0
074 R020300 0
074 R030300 0
074 R040300 0
074 S000300 0
074 T000300 53839
074 U010300 5224
074 U020300 0
074 V010300 10.31
074 V020300 0.00
074 W000300 0.0000
074 X000300 3
074 Y000300 0
075 A000300 75283
075 B000300 0
076 000300 0.00
008 A000401 DIRECTED SERVICES, INC.
008 B000401 A
008 C000401 801-32675
008 D010401 WILMINGTON
008 D020401 DE
008 D030401 19801
008 A000402 VAN ECK ASSOCIATES CORPORATION
008 B000402 S
008 C000402 801-99999
008 D010402 NEW YORK
008 D020402 NY
008 D030402 10016
008 A000404 DELETE
014 A000401 RAYMOND JAMES
014 B000401 8-9999
024 000400 N
025 D000401 0
025 D000402 0
025 D000403 0
025 D000404 0
<PAGE> PAGE 22
025 D000405 0
025 D000406 0
025 D000407 0
025 D000408 0
028 A010400 790
028 A020400 0
028 A030400 0
028 A040400 2163
028 B010400 1089
028 B020400 0
028 B030400 0
028 B040400 1949
028 C010400 1986
028 C020400 1166
028 C030400 0
028 C040400 773
028 D010400 2646
028 D020400 0
028 D030400 0
028 D040400 4358
028 E010400 474
028 E020400 0
028 E030400 0
028 E040400 964
028 F010400 1976
028 F020400 8456
028 F030400 0
028 F040400 1094
028 G010400 8961
028 G020400 9622
028 G030400 0
028 G040400 11301
028 H000400 0
045 000400 Y
046 000400 N
047 000400 Y
048 000400 0.000
048 A010400 750000
048 A020400 1.000
048 B010400 1250000
048 B020400 0.950
048 C010400 1500000
048 C020400 0.900
048 D010400 0
048 D020400 0.000
048 E010400 0
048 E020400 0.000
048 F010400 0
048 F020400 0.000
048 G010400 0
048 G020400 0.000
<PAGE> PAGE 23
048 H010400 0
048 H020400 0.000
048 I010400 0
048 I020400 0.000
048 J010400 0
048 J020400 0.000
048 K010400 3500000
048 K020400 0.850
058 A000400 N
059 000400 Y
060 A000400 N
060 B000400 N
061 000400 0
062 A000400 N
062 B000400 0.0
062 C000400 0.0
062 D000400 0.0
062 E000400 0.0
062 F000400 0.0
062 G000400 0.0
062 H000400 0.0
062 I000400 0.0
062 J000400 0.0
062 K000400 0.0
062 L000400 0.0
062 M000400 0.0
062 N000400 0.0
062 O000400 0.0
062 P000400 0.0
062 Q000400 0.0
062 R000400 0.0
066 A000400 Y
066 C000400 Y
067 000400 N
068 A000400 N
068 B000400 N
069 000400 N
070 A010400 Y
070 A020400 N
070 B010400 Y
070 B020400 N
070 C010400 Y
070 C020400 N
070 D010400 N
070 D020400 Y
070 E010400 Y
070 E020400 N
070 F010400 Y
070 F020400 N
070 G010400 Y
070 G020400 N
<PAGE> PAGE 24
070 H010400 Y
070 H020400 N
070 I010400 Y
070 I020400 Y
070 J010400 Y
070 J020400 Y
070 K010400 Y
070 K020400 N
070 L010400 Y
070 L020400 Y
070 M010400 Y
070 M020400 Y
070 N010400 Y
070 N020400 N
070 O010400 Y
070 O020400 N
070 P010400 N
070 P020400 Y
070 Q010400 Y
070 Q020400 N
070 R010400 Y
070 R020400 N
071 A000400 52844
071 B000400 56659
071 C000400 42646
071 D000400 124
072 A000400 12
072 B000400 645
072 C000400 179
072 D000400 0
072 E000400 0
072 F000400 462
072 G000400 0
072 H000400 0
072 I000400 0
072 J000400 0
072 K000400 0
072 L000400 0
072 M000400 4
072 N000400 0
072 O000400 0
072 P000400 0
072 Q000400 0
072 R000400 0
072 S000400 0
072 T000400 0
072 U000400 0
072 V000400 0
072 W000400 0
072 X000400 466
072 Y000400 0
<PAGE> PAGE 25
072 Z000400 357
072AA000400 8342
072BB000400 0
072CC010400 0
072CC020400 5782
072DD010400 0
072DD020400 0
072EE000400 0
073 A010400 0.1257
073 A020400 0.0000
073 B000400 3.8046
073 C000400 0.0000
074 A000400 4206
074 B000400 0
074 C000400 1925
074 D000400 0
074 E000400 0
074 F000400 39137
074 G000400 4
074 H000400 0
074 I000400 1459
074 J000400 530
074 K000400 0
074 L000400 1035
074 M000400 16
074 N000400 48312
074 O000400 2081
074 P000400 0
074 Q000400 0
074 R010400 0
074 R020400 0
074 R030400 2
074 R040400 0
074 S000400 0
074 T000400 46229
074 U010400 3072
074 U020400 0
074 V010400 15.05
074 V020400 0.00
074 W000400 0.0000
074 X000400 3
074 Y000400 0
075 A000400 46994
075 B000400 0
076 000400 0.00
008 A000501 DIRECTED SERVICES, INC.
008 B000501 A
008 C000501 801-32675
008 D010501 WILMINGTON
008 D020501 DE
008 D030501 19801
<PAGE> PAGE 26
008 A000502 E.I.I. REALTY SECURITIES, INC.
008 B000502 S
008 C000502 801-44099
008 D010502 NEW YORK
008 D020502 NY
008 D030502 10021
008 A000504 DELETE
024 000500 N
025 D000501 0
025 D000502 0
025 D000503 0
025 D000504 0
025 D000505 0
025 D000506 0
025 D000507 0
025 D000508 0
028 A010500 1270
028 A020500 0
028 A030500 0
028 A040500 1134
028 B010500 1945
028 B020500 0
028 B030500 0
028 B040500 1097
028 C010500 1635
028 C020500 976
028 C030500 0
028 C040500 873
028 D010500 3273
028 D020500 0
028 D030500 0
028 D040500 3559
028 E010500 3557
028 E020500 0
028 E030500 0
028 E040500 3007
028 F010500 2866
028 F020500 4145
028 F030500 0
028 F040500 755
028 G010500 14546
028 G020500 5121
028 G030500 0
028 G040500 10425
028 H000500 0
045 000500 Y
046 000500 N
047 000500 Y
048 000500 0.000
048 A010500 750000
048 A020500 1.000
<PAGE> PAGE 27
048 B010500 1250000
048 B020500 0.950
048 C010500 1500000
048 C020500 0.900
048 D010500 0
048 D020500 0.000
048 E010500 0
048 E020500 0.000
048 F010500 0
048 F020500 0.000
048 G010500 0
048 G020500 0.000
048 H010500 0
048 H020500 0.000
048 I010500 0
048 I020500 0.000
048 J010500 0
048 J020500 0.000
048 K010500 3500000
048 K020500 0.850
058 A000500 N
059 000500 Y
060 A000500 Y
060 B000500 Y
061 000500 0
062 A000500 N
062 B000500 0.0
062 C000500 0.0
062 D000500 0.0
062 E000500 0.0
062 F000500 0.0
062 G000500 0.0
062 H000500 0.0
062 I000500 0.0
062 J000500 0.0
062 K000500 0.0
062 L000500 0.0
062 M000500 0.0
062 N000500 0.0
062 O000500 0.0
062 P000500 0.0
062 Q000500 0.0
062 R000500 0.0
066 A000500 Y
066 C000500 Y
067 000500 N
068 A000500 N
068 B000500 N
069 000500 N
070 A010500 Y
070 A020500 N
<PAGE> PAGE 28
070 B010500 Y
070 B020500 N
070 C010500 Y
070 C020500 N
070 D010500 N
070 D020500 N
070 E010500 N
070 E020500 N
070 F010500 N
070 F020500 N
070 G010500 N
070 G020500 N
070 H010500 N
070 H020500 N
070 I010500 N
070 I020500 N
070 J010500 Y
070 J020500 N
070 K010500 Y
070 K020500 N
070 L010500 N
070 L020500 N
070 M010500 N
070 M020500 N
070 N010500 N
070 N020500 N
070 O010500 Y
070 O020500 N
070 P010500 N
070 P020500 N
070 Q010500 N
070 Q020500 N
070 R010500 N
070 R020500 N
071 A000500 37873
071 B000500 23320
071 C000500 57428
071 D000500 41
072 A000500 12
072 B000500 167
072 C000500 3237
072 D000500 0
072 E000500 0
072 F000500 612
072 G000500 0
072 H000500 0
072 I000500 0
072 J000500 0
072 K000500 0
072 L000500 0
072 M000500 3
<PAGE> PAGE 29
072 N000500 0
072 O000500 0
072 P000500 0
072 Q000500 0
072 R000500 0
072 S000500 0
072 T000500 0
072 U000500 0
072 V000500 0
072 W000500 0
072 X000500 615
072 Y000500 0
072 Z000500 2789
072AA000500 6335
072BB000500 0
072CC010500 4107
072CC020500 0
072DD010500 0
072DD020500 0
072EE000500 0
073 A010500 0.6305
073 A020500 0.0000
073 B000500 0.7022
073 C000500 0.0000
074 A000500 61
074 B000500 0
074 C000500 3575
074 D000500 0
074 E000500 733
074 F000500 69644
074 G000500 0
074 H000500 0
074 I000500 50
074 J000500 984
074 K000500 0
074 L000500 799
074 M000500 0
074 N000500 75846
074 O000500 316
074 P000500 0
074 Q000500 0
074 R010500 0
074 R020500 0
074 R030500 0
074 R040500 0
074 S000500 0
074 T000500 75530
074 U010500 4134
074 U020500 0
074 V010500 18.27
074 V020500 0.00
<PAGE> PAGE 30
074 W000500 0.0000
074 X000500 3
074 Y000500 0
075 A000500 62107
075 B000500 0
076 000500 0.00
008 A000601 DIRECTED SERVICES, INC.
008 B000601 A
008 C000601 801-32675
008 D010601 WILMINGTON
008 D020601 DE
008 D030601 19801
008 A000602 PILGRIM BAXTER & ASSOCIATES, LTD.
008 B000602 S
008 C000602 801-9999
008 D010602 WAYNE
008 D020602 PA
008 D030602 19807
008 A000604 DELETE
024 000600 N
025 A000601 DELETE
025 D000601 0
025 D000602 0
025 D000603 0
025 D000604 0
025 D000605 0
025 D000606 0
025 D000607 0
025 D000608 0
028 A010600 1209
028 A020600 0
028 A030600 0
028 A040600 687
028 B010600 370
028 B020600 0
028 B030600 0
028 B040600 1715
028 C010600 188
028 C020600 167
028 C030600 0
028 C040600 784
028 D010600 626
028 D020600 0
028 D030600 0
028 D040600 1515
028 E010600 748
028 E020600 0
028 E030600 0
028 E040600 548
028 F010600 1393
028 F020600 1931
<PAGE> PAGE 31
028 F030600 0
028 F040600 563
028 G010600 4534
028 G020600 2098
028 G030600 0
028 G040600 5812
028 H000600 0
045 000600 Y
046 000600 N
047 000600 Y
048 000600 0.000
048 A010600 750000
048 A020600 1.000
048 B010600 1250000
048 B020600 0.950
048 C010600 1500000
048 C020600 0.900
048 D010600 0
048 D020600 0.000
048 E010600 0
048 E020600 0.000
048 F010600 0
048 F020600 0.000
048 G010600 0
048 G020600 0.000
048 H010600 0
048 H020600 0.000
048 I010600 0
048 I020600 0.000
048 J010600 0
048 J020600 0.000
048 K010600 3500000
048 K020600 0.850
058 A000600 N
059 000600 Y
060 A000600 Y
060 B000600 Y
061 000600 0
062 A000600 N
062 B000600 0.0
062 C000600 0.0
062 D000600 0.0
062 E000600 0.0
062 F000600 0.0
062 G000600 0.0
062 H000600 0.0
062 I000600 0.0
062 J000600 0.0
062 K000600 0.0
062 L000600 0.0
062 M000600 0.0
<PAGE> PAGE 32
062 N000600 0.0
062 O000600 0.0
062 P000600 0.0
062 Q000600 0.0
062 R000600 0.0
066 A000600 Y
066 E000600 Y
067 000600 N
068 A000600 N
068 B000600 N
069 000600 N
070 A010600 Y
070 A020600 N
070 B010600 Y
070 B020600 N
070 C010600 Y
070 C020600 N
070 D010600 Y
070 D020600 N
070 E010600 Y
070 E020600 N
070 F010600 Y
070 F020600 N
070 G010600 Y
070 G020600 N
070 H010600 Y
070 H020600 N
070 I010600 N
070 I020600 N
070 J010600 Y
070 J020600 N
070 K010600 Y
070 K020600 N
070 L010600 Y
070 L020600 N
070 M010600 Y
070 M020600 N
070 N010600 N
070 N020600 N
070 O010600 Y
070 O020600 N
070 P010600 N
070 P020600 N
070 Q010600 N
070 Q020600 N
070 R010600 Y
070 R020600 N
071 A000600 233830
071 B000600 239614
071 C000600 71966
071 D000600 325
<PAGE> PAGE 33
072 A000600 12
072 B000600 233
072 C000600 153
072 D000600 0
072 E000600 0
072 F000600 730
072 G000600 0
072 H000600 0
072 I000600 0
072 J000600 0
072 K000600 0
072 L000600 0
072 M000600 7
072 N000600 0
072 O000600 0
072 P000600 0
072 Q000600 0
072 R000600 0
072 S000600 0
072 T000600 0
072 U000600 0
072 V000600 0
072 W000600 0
072 X000600 737
072 Y000600 0
072 Z000600 -352
072AA000600 6012
072BB000600 0
072CC010600 0
072CC020600 1413
072DD010600 0
072DD020600 0
072EE000600 0
073 A010600 0.0321
073 A020600 0.0000
073 B000600 0.3703
073 C000600 0.0000
074 A000600 0
074 B000600 5221
074 C000600 0
074 D000600 0
074 E000600 0
074 F000600 70640
074 G000600 0
074 H000600 0
074 I000600 0
074 J000600 0
074 K000600 0
074 L000600 165
074 M000600 0
074 N000600 76026
<PAGE> PAGE 34
074 O000600 2170
074 P000600 0
074 Q000600 0
074 R010600 0
074 R020600 0
074 R030600 0
074 R040600 0
074 S000600 0
074 T000600 73856
074 U010600 5362
074 U020600 0
074 V010600 13.77
074 V020600 0.00
074 W000600 0.0000
074 X000600 3
074 Y000600 0
075 A000600 74203
075 B000600 0
076 000600 0.00
008 A000701 DIRECTED SERVICES, INC.
008 B000701 A
008 C000701 801-32675
008 D010701 WILMINGTON
008 D020701 DE
008 D030701 19801
008 A000702 EQUITABLE INVESTMENT SERVICES, INC.
008 B000702 S
008 C000702 801-99999
008 D010702 NEW YORK
008 D020702 NY
008 D030702 10017
008 A000704 DELETE
024 000700 N
025 D000701 0
025 D000702 0
025 D000703 0
025 D000704 0
025 D000705 0
025 D000706 0
025 D000707 0
025 D000708 0
028 A010700 7725
028 A020700 197
028 A030700 0
028 A040700 8665
028 B010700 12085
028 B020700 212
028 B030700 0
028 B040700 4669
028 C010700 4780
028 C020700 207
<PAGE> PAGE 35
028 C030700 0
028 C040700 11952
028 D010700 10263
028 D020700 210
028 D030700 0
028 D040700 7222
028 E010700 10047
028 E020700 225
028 E030700 0
028 E040700 3800
028 F010700 11770
028 F020700 248
028 F030700 0
028 F040700 10137
028 G010700 56670
028 G020700 1299
028 G030700 0
028 G040700 46445
028 H000700 0
045 000700 Y
046 000700 N
047 000700 Y
048 000700 0.000
048 A010700 200000
048 A020700 0.600
048 B010700 300000
048 B020700 0.550
048 C010700 0
048 C020700 0.000
048 D010700 0
048 D020700 0.000
048 E010700 0
048 E020700 0.000
048 F010700 0
048 F020700 0.000
048 G010700 0
048 G020700 0.000
048 H010700 0
048 H020700 0.000
048 I010700 0
048 I020700 0.000
048 J010700 0
048 J020700 0.000
048 K010700 500000
048 K020700 0.500
058 A000700 N
059 000700 Y
060 A000700 Y
060 B000700 Y
061 000700 0
062 A000700 Y
<PAGE> PAGE 36
062 B000700 0.0
062 C000700 0.0
062 D000700 0.0
062 E000700 0.0
062 F000700 3.3
062 G000700 0.0
062 H000700 0.0
062 I000700 93.5
062 J000700 0.0
062 K000700 0.0
062 L000700 0.0
062 M000700 0.0
062 N000700 0.0
062 O000700 0.0
062 P000700 0.0
062 Q000700 0.0
062 R000700 0.0
063 A000700 46
063 B000700 0.0
064 A000700 N
064 B000700 N
066 A000700 N
067 000700 N
068 A000700 N
068 B000700 N
069 000700 N
070 A010700 Y
070 A020700 N
070 B010700 N
070 B020700 N
070 C010700 N
070 C020700 N
070 D010700 N
070 D020700 N
070 E010700 N
070 E020700 N
070 F010700 N
070 F020700 N
070 G010700 N
070 G020700 N
070 H010700 N
070 H020700 N
070 I010700 N
070 I020700 N
070 J010700 N
070 J020700 N
070 K010700 Y
070 K020700 N
070 L010700 Y
070 L020700 N
070 M010700 N
<PAGE> PAGE 37
070 M020700 N
070 N010700 N
070 N020700 N
070 O010700 Y
070 O020700 N
070 P010700 N
070 P020700 N
070 Q010700 N
070 Q020700 N
070 R010700 N
070 R020700 N
071 A000700 0
071 B000700 0
071 C000700 0
071 D000700 0
072 A000700 12
072 B000700 2699
072 C000700 0
072 D000700 0
072 E000700 0
072 F000700 289
072 G000700 0
072 H000700 0
072 I000700 0
072 J000700 0
072 K000700 0
072 L000700 0
072 M000700 3
072 N000700 0
072 O000700 0
072 P000700 0
072 Q000700 0
072 R000700 0
072 S000700 0
072 T000700 0
072 U000700 0
072 V000700 0
072 W000700 0
072 X000700 292
072 Y000700 0
072 Z000700 2407
072AA000700 0
072BB000700 1
072CC010700 0
072CC020700 0
072DD010700 2407
072DD020700 0
072EE000700 0
073 A010700 0.0498
073 A020700 0.0000
073 B000700 0.0000
<PAGE> PAGE 38
073 C000700 0.0000
074 A000700 0
074 B000700 0
074 C000700 57566
074 D000700 0
074 E000700 0
074 F000700 0
074 G000700 0
074 H000700 0
074 I000700 0
074 J000700 0
074 K000700 0
074 L000700 1889
074 M000700 0
074 N000700 59455
074 O000700 0
074 P000700 0
074 Q000700 0
074 R010700 0
074 R020700 0
074 R030700 0
074 R040700 2
074 S000700 0
074 T000700 59453
074 U010700 59455
074 U020700 0
074 V010700 1.00
074 V020700 0.00
074 W000700 0.9999
074 X000700 3
074 Y000700 0
075 A000700 48228
075 B000700 0
076 000700 0.00
008 A000801 DIRECTED SERVICES, INC.
008 B000801 A
008 C000801 801-32675
008 D010801 WILMINGTON
008 D020801 DE
008 D030801 19801
008 A000802 CHANCELLOR LGT ASSET MANAGEMENT, INC.
008 B000802 S
008 C000802 801-99999
008 D010802 NEW YORK
008 D020802 NY
008 D030802 10036
008 A000804 DELETE
014 A000801 DELETE
024 000800 N
025 D000801 0
025 D000802 0
<PAGE> PAGE 39
025 D000803 0
025 D000804 0
025 D000805 0
025 D000806 0
025 D000807 0
025 D000808 0
028 A010800 1956
028 A020800 0
028 A030800 0
028 A040800 2325
028 B010800 469
028 B020800 0
028 B030800 0
028 B040800 2674
028 C010800 3078
028 C020800 2399
028 C030800 0
028 C040800 2158
028 D010800 2272
028 D020800 0
028 D030800 0
028 D040800 2408
028 E010800 2623
028 E020800 0
028 E030800 0
028 E040800 905
028 F010800 6744
028 F020800 15267
028 F030800 0
028 F040800 1561
028 G010800 17142
028 G020800 17666
028 G030800 0
028 G040800 12031
028 H000800 0
045 000800 Y
046 000800 N
047 000800 Y
048 000800 0.000
048 A010800 750000
048 A020800 1.000
048 B010800 1250000
048 B020800 0.950
048 C010800 1500000
048 C020800 0.900
048 D010800 0
048 D020800 0.000
048 E010800 0
048 E020800 0.000
048 F010800 0
048 F020800 0.000
<PAGE> PAGE 40
048 G010800 0
048 G020800 0.000
048 H010800 0
048 H020800 0.000
048 I010800 0
048 I020800 0.000
048 J010800 0
048 J020800 0.000
048 K010800 3500000
048 K020800 0.850
058 A000800 N
059 000800 Y
060 A000800 Y
060 B000800 Y
061 000800 0
062 A000800 N
062 B000800 0.0
062 C000800 0.0
062 D000800 0.0
062 E000800 0.0
062 F000800 0.0
062 G000800 0.0
062 H000800 0.0
062 I000800 0.0
062 J000800 0.0
062 K000800 0.0
062 L000800 0.0
062 M000800 0.0
062 N000800 0.0
062 O000800 0.0
062 P000800 0.0
062 Q000800 0.0
062 R000800 0.0
066 A000800 Y
066 C000800 Y
067 000800 N
068 A000800 N
068 B000800 N
069 000800 N
070 A010800 Y
070 A020800 N
070 B010800 Y
070 B020800 N
070 C010800 Y
070 C020800 N
070 D010800 Y
070 D020800 N
070 E010800 N
070 E020800 N
070 F010800 Y
070 F020800 N
<PAGE> PAGE 41
070 G010800 Y
070 G020800 N
070 H010800 Y
070 H020800 N
070 I010800 N
070 I020800 N
070 J010800 N
070 J020800 N
070 K010800 Y
070 K020800 N
070 L010800 Y
070 L020800 Y
070 M010800 N
070 M020800 N
070 N010800 Y
070 N020800 N
070 O010800 Y
070 O020800 N
070 P010800 N
070 P020800 N
070 Q010800 N
070 Q020800 N
070 R010800 Y
070 R020800 N
071 A000800 80584
071 B000800 94632
071 C000800 156873
071 D000800 51
072 A000800 12
072 B000800 579
072 C000800 2702
072 D000800 0
072 E000800 0
072 F000800 1664
072 G000800 0
072 H000800 0
072 I000800 0
072 J000800 0
072 K000800 0
072 L000800 0
072 M000800 14
072 N000800 0
072 O000800 0
072 P000800 0
072 Q000800 0
072 R000800 0
072 S000800 0
072 T000800 0
072 U000800 0
072 V000800 0
072 W000800 0
<PAGE> PAGE 42
072 X000800 1678
072 Y000800 0
072 Z000800 1602
072AA000800 25887
072BB000800 0
072CC010800 15156
072CC020800 0
072DD010800 0
072DD020800 0
072EE000800 0
073 A010800 0.1584
073 A020800 0.0000
073 B000800 1.5982
073 C000800 0.0000
074 A000800 1
074 B000800 0
074 C000800 25961
074 D000800 0
074 E000800 0
074 F000800 168112
074 G000800 0
074 H000800 0
074 I000800 0
074 J000800 0
074 K000800 0
074 L000800 251
074 M000800 0
074 N000800 194325
074 O000800 0
074 P000800 0
074 Q000800 0
074 R010800 0
074 R020800 0
074 R030800 0
074 R040800 340
074 S000800 0
074 T000800 193985
074 U010800 10989
074 U020800 0
074 V010800 17.65
074 V020800 0.00
074 W000800 0.0000
074 X000800 2
074 Y000800 0
075 A000800 169249
075 B000800 0
076 000800 0.00
008 A000901 DIRECTED SERVICES, INC.
008 B000901 A
008 C000901 801-32675
008 D010901 WILMINGTON
<PAGE> PAGE 43
008 D020901 DE
008 D030901 19801
024 000900 N
025 D000901 0
025 D000902 0
025 D000903 0
025 D000904 0
025 D000905 0
025 D000906 0
025 D000907 0
025 D000908 0
028 A010900 0
028 A020900 0
028 A030900 0
028 A040900 0
028 B010900 0
028 B020900 0
028 B030900 0
028 B040900 0
028 C010900 0
028 C020900 34
028 C030900 0
028 C040900 0
028 D010900 0
028 D020900 0
028 D030900 0
028 D040900 0
028 E010900 0
028 E020900 0
028 E030900 0
028 E040900 0
028 F010900 0
028 F020900 0
028 F030900 0
028 F040900 0
028 G010900 0
028 G020900 34
028 G030900 0
028 G040900 0
028 H000900 0
045 000900 Y
046 000900 N
047 000900 Y
048 000900 0.100
048 A010900 0
048 A020900 0.000
048 B010900 0
048 B020900 0.000
048 C010900 0
048 C020900 0.000
048 D010900 0
<PAGE> PAGE 44
048 D020900 0.000
048 E010900 0
048 E020900 0.000
048 F010900 0
048 F020900 0.000
048 G010900 0
048 G020900 0.000
048 H010900 0
048 H020900 0.000
048 I010900 0
048 I020900 0.000
048 J010900 0
048 J020900 0.000
048 K010900 0
048 K020900 0.000
058 A000900 N
059 000900 Y
060 A000900 Y
060 B000900 Y
061 000900 0
062 A000900 N
062 B000900 0.0
062 C000900 0.0
062 D000900 0.0
062 E000900 0.0
062 F000900 0.0
062 G000900 0.0
062 H000900 0.0
062 I000900 0.0
062 J000900 0.0
062 K000900 0.0
062 L000900 0.0
062 M000900 0.0
062 N000900 0.0
062 O000900 0.0
062 P000900 0.0
062 Q000900 0.0
062 R000900 0.0
066 A000900 Y
066 G000900 Y
067 000900 N
068 A000900 N
068 B000900 N
069 000900 N
070 A010900 Y
070 A020900 N
070 B010900 N
070 B020900 N
070 C010900 N
070 C020900 N
070 D010900 N
<PAGE> PAGE 45
070 D020900 N
070 E010900 N
070 E020900 N
070 F010900 N
070 F020900 N
070 G010900 N
070 G020900 N
070 H010900 N
070 H020900 N
070 I010900 N
070 I020900 N
070 J010900 N
070 J020900 N
070 K010900 Y
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
070 Q010900 N
070 Q020900 N
070 R010900 N
070 R020900 N
071 A000900 17
071 B000900 30
071 C000900 197
071 D000900 9
072 A000900 12
072 B000900 0
072 C000900 6
072 D000900 0
072 E000900 0
072 F000900 0
072 G000900 0
072 H000900 0
072 I000900 0
072 J000900 2
072 K000900 0
072 L000900 0
072 M000900 0
072 N000900 0
072 O000900 1
072 P000900 0
072 Q000900 0
072 R000900 2
<PAGE> PAGE 46
072 S000900 0
072 T000900 0
072 U000900 23
072 V000900 0
072 W000900 1
072 X000900 29
072 Y000900 24
072 Z000900 0
072AA000900 19
072BB000900 0
072CC010900 0
072CC020900 6
072DD010900 3
072DD020900 0
072EE000900 31
073 A010900 0.1295
073 A020900 0.0000
073 B000900 1.3541
073 C000900 0.0000
074 A000900 7
074 B000900 0
074 C000900 0
074 D000900 0
074 E000900 0
074 F000900 198
074 G000900 0
074 H000900 0
074 I000900 0
074 J000900 0
074 K000900 0
074 L000900 0
074 M000900 6
074 N000900 211
074 O000900 0
074 P000900 0
074 Q000900 0
074 R010900 0
074 R020900 0
074 R030900 0
074 R040900 9
074 S000900 0
074 T000900 202
074 U010900 28
074 U020900 0
074 V010900 7.25
074 V020900 0.00
074 W000900 0.0000
074 X000900 11
074 Y000900 0
075 A000900 0
075 B000900 197
<PAGE> PAGE 47
076 000900 0.00
008 A001001 DIRECTED SERVICES, INC.
008 B001001 A
008 C001001 801-32675
008 D011001 WILMINGTON
008 D021001 DE
008 D031001 19801
008 A001002 KAYNE, ANDERSON INVESTMENT MANAGEMENT, L.P.
008 B001002 S
008 C001002 801-24241
008 D011002 LOS ANGELES
008 D021002 CA
008 D031002 90067
008 A001004 DELETE
024 001000 Y
025 A001001 GENERAL ELECTRIC COMPANY
025 C001001 E
025 D001001 5635
025 D001002 0
025 D001003 0
025 D001004 0
025 D001005 0
025 D001006 0
025 D001007 0
025 D001008 0
028 A011000 9097
028 A021000 0
028 A031000 0
028 A041000 279
028 B011000 5696
028 B021000 0
028 B031000 0
028 B041000 3281
028 C011000 5825
028 C021000 436
028 C031000 0
028 C041000 705
028 D011000 9083
028 D021000 0
028 D031000 0
028 D041000 1115
028 E011000 7969
028 E021000 0
028 E031000 0
028 E041000 455
028 F011000 16474
028 F021000 5403
028 F031000 0
028 F041000 2012
028 G011000 54144
028 G021000 5839
<PAGE> PAGE 48
028 G031000 0
028 G041000 7847
028 H001000 0
045 001000 Y
046 001000 N
047 001000 Y
048 001000 0.000
048 A011000 750000
048 A021000 1.000
048 B011000 1250000
048 B021000 0.950
048 C011000 1500000
048 C021000 0.900
048 D011000 0
048 D021000 0.000
048 E011000 0
048 E021000 0.000
048 F011000 0
048 F021000 0.000
048 G011000 0
048 G021000 0.000
048 H011000 0
048 H021000 0.000
048 I011000 0
048 I021000 0.000
048 J011000 0
048 J021000 0.000
048 K011000 3500000
048 K021000 0.850
058 A001000 N
059 001000 Y
060 A001000 Y
060 B001000 Y
061 001000 0
062 A001000 N
062 B001000 0.0
062 C001000 0.0
062 D001000 0.0
062 E001000 0.0
062 F001000 0.0
062 G001000 0.0
062 H001000 0.0
062 I001000 0.0
062 J001000 0.0
062 K001000 0.0
062 L001000 0.0
062 M001000 0.0
062 N001000 0.0
062 O001000 0.0
062 P001000 0.0
062 Q001000 0.0
<PAGE> PAGE 49
062 R001000 0.0
066 A001000 Y
066 C001000 Y
067 001000 N
068 A001000 N
068 B001000 N
069 001000 N
070 A011000 Y
070 A021000 N
070 B011000 N
070 B021000 N
070 C011000 N
070 C021000 N
070 D011000 N
070 D021000 N
070 E011000 N
070 E021000 N
070 F011000 N
070 F021000 N
070 G011000 N
070 G021000 N
070 H011000 N
070 H021000 N
070 I011000 N
070 I021000 N
070 J011000 N
070 J021000 N
070 K011000 Y
070 K021000 N
070 L011000 Y
070 L021000 N
070 M011000 Y
070 M021000 N
070 N011000 Y
070 N021000 N
070 O011000 Y
070 O021000 N
070 P011000 N
070 P021000 N
070 Q011000 N
070 Q021000 N
070 R011000 N
070 R021000 N
071 A001000 114256
071 B001000 44999
071 C001000 170126
071 D001000 26
072 A001000 12
072 B001000 743
072 C001000 2821
072 D001000 0
<PAGE> PAGE 50
072 E001000 0
072 F001000 1794
072 G001000 0
072 H001000 0
072 I001000 0
072 J001000 0
072 K001000 0
072 L001000 0
072 M001000 14
072 N001000 0
072 O001000 0
072 P001000 0
072 Q001000 0
072 R001000 0
072 S001000 0
072 T001000 0
072 U001000 0
072 V001000 0
072 W001000 0
072 X001000 1808
072 Y001000 0
072 Z001000 1756
072AA001000 12061
072BB001000 0
072CC011000 32432
072CC021000 0
072DD011000 0
072DD021000 0
072EE001000 0
073 A011000 0.1349
073 A021000 0.0000
073 B001000 0.3471
073 C001000 0.0000
074 A001000 1
074 B001000 0
074 C001000 14467
074 D001000 0
074 E001000 0
074 F001000 236665
074 G001000 0
074 H001000 0
074 I001000 0
074 J001000 0
074 K001000 0
074 L001000 1057
074 M001000 0
074 N001000 252190
074 O001000 0
074 P001000 0
074 Q001000 0
074 R011000 0
<PAGE> PAGE 51
074 R021000 0
074 R031000 0
074 R041000 0
074 S001000 0
074 T001000 252190
074 U011000 12586
074 U021000 0
074 V011000 20.04
074 V021000 0.00
074 W001000 0.0000
074 X001000 2
074 Y001000 0
075 A001000 182678
075 B001000 0
076 001000 0.00
008 A001101 DIRECTED SERVICES, INC.
008 B001101 A
008 C001101 801-32675
008 D011101 WILMINGTON
008 D021101 DE
008 D031101 19801
008 A001102 PUTNAM INVESTMENT MANAGEMENT, INC.
008 B001102 S
008 C001102 801-99999
008 D011102 BOSTON
008 D021102 MA
008 D031102 02109
008 A001104 DELETE
014 A001101 DELETE
014 A001102 DELETE
024 001100 N
025 D001101 0
025 D001102 0
025 D001103 0
025 D001104 0
025 D001105 0
025 D001106 0
025 D001107 0
025 D001108 0
028 A011100 787
028 A021100 0
028 A031100 0
028 A041100 944
028 B011100 5306
028 B021100 0
028 B031100 0
028 B041100 5126
028 C011100 1121
028 C021100 48
028 C031100 0
028 C041100 598
<PAGE> PAGE 52
028 D011100 343
028 D021100 0
028 D031100 0
028 D041100 570
028 E011100 555
028 E021100 0
028 E031100 0
028 E041100 905
028 F011100 569
028 F021100 0
028 F031100 0
028 F041100 793
028 G011100 8681
028 G021100 48
028 G031100 0
028 G041100 8936
028 H001100 0
045 001100 Y
046 001100 N
047 001100 Y
048 001100 1.750
048 A011100 0
048 A021100 0.000
048 B011100 0
048 B021100 0.000
048 C011100 0
048 C021100 0.000
048 D011100 0
048 D021100 0.000
048 E011100 0
048 E021100 0.000
048 F011100 0
048 F021100 0.000
048 G011100 0
048 G021100 0.000
048 H011100 0
048 H021100 0.000
048 I011100 0
048 I021100 0.000
048 J011100 0
048 J021100 0.000
048 K011100 0
048 K021100 0.000
058 A001100 N
059 001100 Y
060 A001100 Y
060 B001100 Y
061 001100 0
062 A001100 N
062 B001100 0.0
062 C001100 0.0
<PAGE> PAGE 53
062 D001100 0.0
062 E001100 0.0
062 F001100 0.0
062 G001100 0.0
062 H001100 0.0
062 I001100 0.0
062 J001100 0.0
062 K001100 0.0
062 L001100 0.0
062 M001100 0.0
062 N001100 0.0
062 O001100 0.0
062 P001100 0.0
062 Q001100 0.0
062 R001100 0.0
066 A001100 Y
066 D001100 Y
067 001100 N
068 A001100 N
068 B001100 Y
069 001100 N
070 A011100 Y
070 A021100 Y
070 B011100 Y
070 B021100 N
070 C011100 Y
070 C021100 N
070 D011100 Y
070 D021100 N
070 E011100 Y
070 E021100 N
070 F011100 Y
070 F021100 N
070 G011100 Y
070 G021100 N
070 H011100 Y
070 H021100 N
070 I011100 N
070 I021100 N
070 J011100 Y
070 J021100 Y
070 K011100 Y
070 K021100 Y
070 L011100 Y
070 L021100 Y
070 M011100 Y
070 M021100 Y
070 N011100 Y
070 N021100 N
070 O011100 Y
070 O021100 N
<PAGE> PAGE 54
070 P011100 N
070 P021100 N
070 Q011100 N
070 Q021100 N
070 R011100 N
070 R021100 N
071 A001100 80338
071 B001100 87632
071 C001100 47144
071 D001100 170
072 A001100 12
072 B001100 227
072 C001100 642
072 D001100 0
072 E001100 0
072 F001100 845
072 G001100 0
072 H001100 0
072 I001100 0
072 J001100 0
072 K001100 0
072 L001100 0
072 M001100 5
072 N001100 0
072 O001100 0
072 P001100 0
072 Q001100 0
072 R001100 0
072 S001100 0
072 T001100 0
072 U001100 0
072 V001100 0
072 W001100 63
072 X001100 913
072 Y001100 0
072 Z001100 -44
072AA001100 894
072BB001100 0
072CC011100 0
072CC021100 3695
072DD011100 0
072DD021100 0
072EE001100 0
073 A011100 0.0107
073 A021100 0.0000
073 B001100 0.0000
073 C001100 0.0000
074 A001100 1164
074 B001100 0
074 C001100 0
074 D001100 1303
<PAGE> PAGE 55
074 E001100 1818
074 F001100 34587
074 G001100 0
074 H001100 0
074 I001100 8
074 J001100 722
074 K001100 0
074 L001100 212
074 M001100 5
074 N001100 39819
074 O001100 383
074 P001100 0
074 Q001100 0
074 R011100 0
074 R021100 0
074 R031100 0
074 R041100 0
074 S001100 0
074 T001100 39436
074 U011100 4481
074 U021100 0
074 V011100 8.80
074 V021100 0.00
074 W001100 0.0000
074 X001100 3
074 Y001100 0
075 A001100 50862
075 B001100 0
076 001100 0.00
008 A001201 DIRECTED SERVICES, INC.
008 B001201 A
008 C001201 801-32675
008 D011201 WILMINGTON
008 D021201 DE
008 D031201 19801
008 A001202 EQUITABLE INVESTMENT SERVICES, INC.
008 B001202 S
008 C001202 801-99999
008 D011202 DES MOINES
008 D021202 IA
008 D031202 50309
008 A001204 DELETE
014 A001201 DELETE
024 001200 N
025 D001201 0
025 D001202 0
025 D001203 0
025 D001204 0
025 D001205 0
025 D001206 0
025 D001207 0
<PAGE> PAGE 56
025 D001208 0
028 A011200 0
028 A021200 0
028 A031200 0
028 A041200 0
028 B011200 0
028 B021200 0
028 B031200 0
028 B041200 0
028 C011200 0
028 C021200 0
028 C031200 0
028 C041200 0
028 D011200 0
028 D021200 0
028 D031200 0
028 D041200 242
028 E011200 0
028 E021200 0
028 E031200 0
028 E041200 0
028 F011200 0
028 F021200 467
028 F031200 0
028 F041200 0
028 G011200 0
028 G021200 467
028 G031200 0
028 G041200 242
028 H001200 0
045 001200 Y
046 001200 N
047 001200 Y
048 001200 1.000
048 A011200 0
048 A021200 0.000
048 B011200 0
048 B021200 0.000
048 C011200 0
048 C021200 0.000
048 D011200 0
048 D021200 0.000
048 E011200 0
048 E021200 0.000
048 F011200 0
048 F021200 0.000
048 G011200 0
048 G021200 0.000
048 H011200 0
048 H021200 0.000
048 I011200 0
<PAGE> PAGE 57
048 I021200 0.000
048 J011200 0
048 J021200 0.000
048 K011200 0
048 K021200 0.000
058 A001200 N
059 001200 Y
060 A001200 N
060 B001200 N
061 001200 0
062 A001200 Y
062 B001200 0.0
062 C001200 0.0
062 D001200 0.0
062 E001200 0.0
062 F001200 0.0
062 G001200 0.0
062 H001200 0.0
062 I001200 0.0
062 J001200 0.0
062 K001200 0.0
062 L001200 0.0
062 M001200 37.0
062 N001200 0.0
062 O001200 0.0
062 P001200 5.8
062 Q001200 57.2
062 R001200 0.0
063 A001200 0
063 B001200 1.4
064 A001200 N
064 B001200 N
066 A001200 N
067 001200 N
068 A001200 N
068 B001200 N
069 001200 N
070 A011200 Y
070 A021200 N
070 B011200 Y
070 B021200 N
070 C011200 Y
070 C021200 N
070 D011200 Y
070 D021200 Y
070 E011200 N
070 E021200 N
070 F011200 Y
070 F021200 N
070 G011200 Y
070 G021200 N
<PAGE> PAGE 58
070 H011200 Y
070 H021200 N
070 I011200 N
070 I021200 N
070 J011200 N
070 J021200 N
070 K011200 Y
070 K021200 N
070 L011200 N
070 L021200 N
070 M011200 N
070 M021200 N
070 N011200 N
070 N021200 N
070 O011200 Y
070 O021200 N
070 P011200 N
070 P021200 N
070 Q011200 N
070 Q021200 N
070 R011200 N
070 R021200 N
071 A001200 157
071 B001200 163
071 C001200 5955
071 D001200 0
072 A001200 12
072 B001200 202
072 C001200 0
072 D001200 0
072 E001200 0
072 F001200 63
072 G001200 0
072 H001200 0
072 I001200 0
072 J001200 0
072 K001200 0
072 L001200 1
072 M001200 0
072 N001200 0
072 O001200 0
072 P001200 0
072 Q001200 0
072 R001200 0
072 S001200 0
072 T001200 0
072 U001200 0
072 V001200 0
072 W001200 0
072 X001200 64
072 Y001200 0
<PAGE> PAGE 59
072 Z001200 138
072AA001200 334
072BB001200 0
072CC011200 1358
072CC021200 0
072DD011200 0
072DD021200 0
072EE001200 0
073 A011200 0.3593
073 A021200 0.0000
073 B001200 0.8569
073 C001200 0.0000
074 A001200 0
074 B001200 0
074 C001200 0
074 D001200 2908
074 E001200 0
074 F001200 0
074 G001200 3882
074 H001200 0
074 I001200 5
074 J001200 0
074 K001200 0
074 L001200 5
074 M001200 0
074 N001200 6795
074 O001200 0
074 P001200 0
074 Q001200 0
074 R011200 0
074 R021200 0
074 R031200 0
074 R041200 4
074 S001200 0
074 T001200 6791
074 U011200 412
074 U021200 0
074 V011200 16.47
074 V021200 0.00
074 W001200 0.0000
074 X001200 2
074 Y001200 0
075 A001200 6309
075 B001200 0
076 001200 0.00
008 A001301 DIRECTED SERVICES, INC.
008 B001301 A
008 C001301 801-32675
008 D011301 WILMINGTON
008 D021301 DE
008 D031301 19801
<PAGE> PAGE 60
008 A001302 EAGLE ASSET MANAGEMENT, INC.
008 B001302 S
008 C001302 801-21343
008 D011302 ST. PETERSBURG
008 D021302 FL
008 D031302 33716
008 A001304 DELETE
014 A001301 RAYMOND JAMES
014 B001301 8-9999
024 001300 N
025 A001301 DELETE
025 D001301 0
025 D001302 0
025 D001303 0
025 D001304 0
025 D001305 0
025 D001306 0
025 D001307 0
025 D001308 0
028 A011300 2764
028 A021300 0
028 A031300 0
028 A041300 345
028 B011300 2315
028 B021300 0
028 B031300 0
028 B041300 698
028 C011300 2402
028 C021300 554
028 C031300 0
028 C041300 261
028 D011300 2489
028 D021300 0
028 D031300 0
028 D041300 240
028 E011300 3615
028 E021300 0
028 E031300 0
028 E041300 4
028 F011300 4221
028 F021300 6508
028 F031300 0
028 F041300 138
028 G011300 17806
028 G021300 7062
028 G031300 0
028 G041300 1686
028 H001300 0
045 001300 Y
046 001300 N
047 001300 Y
<PAGE> PAGE 61
048 001300 0.000
048 A011300 750000
048 A021300 1.000
048 B011300 1250000
048 B021300 0.950
048 C011300 1500000
048 C021300 0.900
048 D011300 0
048 D021300 0.000
048 E011300 0
048 E021300 0.000
048 F011300 0
048 F021300 0.000
048 G011300 0
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
048 K021300 0.850
058 A001300 N
059 001300 Y
060 A001300 Y
060 B001300 Y
061 001300 0
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
<PAGE> PAGE 62
069 001300 N
070 A011300 Y
070 A021300 N
070 B011300 Y
070 B021300 Y
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
070 L011300 Y
070 L021300 N
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 92720
071 B001300 71752
071 C001300 55931
071 D001300 128
072 A001300 12
072 B001300 171
072 C001300 1215
072 D001300 0
072 E001300 0
072 F001300 592
072 G001300 0
072 H001300 0
072 I001300 0
072 J001300 0
<PAGE> PAGE 63
072 K001300 0
072 L001300 0
072 M001300 4
072 N001300 0
072 O001300 0
072 P001300 0
072 Q001300 0
072 R001300 0
072 S001300 0
072 T001300 0
072 U001300 0
072 V001300 0
072 W001300 0
072 X001300 596
072 Y001300 0
072 Z001300 790
072AA001300 7969
072BB001300 0
072CC011300 4537
072CC021300 0
072DD011300 0
072DD021300 0
072EE001300 0
073 A011300 0.1773
073 A021300 0.0000
073 B001300 1.4003
073 C001300 0.0000
074 A001300 0
074 B001300 0
074 C001300 7214
074 D001300 0
074 E001300 0
074 F001300 72223
074 G001300 0
074 H001300 0
074 I001300 0
074 J001300 2180
074 K001300 0
074 L001300 340
074 M001300 9
074 N001300 81966
074 O001300 1845
074 P001300 0
074 Q001300 0
074 R011300 0
074 R021300 0
074 R031300 73
074 R041300 0
074 S001300 0
074 T001300 80048
074 U011300 4964
<PAGE> PAGE 64
074 U021300 0
074 V011300 16.13
074 V021300 0.00
074 W001300 0.0000
074 X001300 3
074 Y001300 0
075 A001300 60233
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
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
014 A001401 ZWEIG SECURITIES CORPORATION
014 B001401 8-27366
024 001400 Y
025 A001401 MERRILL LYNCH & COMPANY, INC.
025 C001401 E
025 D001401 139
025 A001402 PAINE WEBBER GROUP, INC.
025 C001402 E
025 D001402 128
025 D001403 0
025 D001404 0
025 D001405 0
025 D001406 0
025 D001407 0
025 D001408 0
028 A011400 1493
028 A021400 0
028 A031400 0
028 A041400 2101
028 B011400 857
028 B021400 0
028 B031400 0
028 B041400 447
028 C011400 1609
028 C021400 650
028 C031400 0
028 C041400 1103
028 D011400 1145
028 D021400 0
028 D031400 0
<PAGE> PAGE 65
028 D041400 218
028 E011400 1247
028 E021400 0
028 E031400 0
028 E041400 372
028 F011400 3479
028 F021400 1971
028 F031400 0
028 F041400 186
028 G011400 9830
028 G021400 2621
028 G031400 0
028 G041400 4427
028 H001400 0
045 001400 Y
046 001400 N
047 001400 Y
048 001400 0.000
048 A011400 750000
048 A021400 1.000
048 B011400 1250000
048 B021400 0.950
048 C011400 1500000
048 C021400 0.900
048 D011400 0
048 D021400 0.000
048 E011400 0
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
062 B001400 0.0
062 C001400 0.0
062 D001400 0.0
062 E001400 0.0
062 F001400 0.0
<PAGE> PAGE 66
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
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 N
070 M011400 Y
070 M021400 N
070 N011400 Y
070 N021400 N
070 O011400 Y
070 O021400 N
070 P011400 N
070 P021400 Y
070 Q011400 N
<PAGE> PAGE 67
070 Q021400 N
070 R011400 Y
070 R021400 N
071 A001400 50135
071 B001400 33140
071 C001400 31680
071 D001400 105
072 A001400 12
072 B001400 491
072 C001400 661
072 D001400 0
072 E001400 0
072 F001400 394
072 G001400 0
072 H001400 0
072 I001400 0
072 J001400 0
072 K001400 0
072 L001400 0
072 M001400 3
072 N001400 0
072 O001400 0
072 P001400 0
072 Q001400 0
072 R001400 0
072 S001400 0
072 T001400 0
072 U001400 0
072 V001400 0
072 W001400 0
072 X001400 397
072 Y001400 0
072 Z001400 754
072AA001400 3044
072BB001400 0
072CC011400 5017
072CC021400 0
072DD011400 0
072DD021400 0
072EE001400 0
073 A011400 0.1887
073 A021400 0.0000
073 B001400 0.5526
073 C001400 0.0000
074 A001400 3
074 B001400 0
074 C001400 3055
074 D001400 0
074 E001400 0
074 F001400 48783
074 G001400 0
<PAGE> PAGE 68
074 H001400 0
074 I001400 0
074 J001400 36
074 K001400 0
074 L001400 57
074 M001400 0
074 N001400 51934
074 O001400 0
074 P001400 0
074 Q001400 0
074 R011400 0
074 R021400 0
074 R031400 0
074 R041400 145
074 S001400 0
074 T001400 51789
074 U011400 3800
074 U021400 0
074 V011400 13.63
074 V021400 0.00
074 W001400 0.0000
074 X001400 3
074 Y001400 5916
075 A001400 40134
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 NEW YORK
008 D021502 NY
008 D031502 10038
014 A001501 FRED ALGER & COMPANY
014 B001501 8-99999
024 001500 N
025 D001501 0
025 D001502 0
025 D001503 0
025 D001504 0
025 D001505 0
025 D001506 0
025 D001507 0
025 D001508 0
028 A011500 3564
028 A021500 0
<PAGE> PAGE 69
028 A031500 0
028 A041500 1068
028 B011500 2770
028 B021500 0
028 B031500 0
028 B041500 3788
028 C011500 3983
028 C021500 0
028 C031500 0
028 C041500 470
028 D011500 5336
028 D021500 0
028 D031500 0
028 D041500 1340
028 E011500 3303
028 E021500 0
028 E031500 0
028 E041500 442
028 F011500 3817
028 F021500 0
028 F031500 0
028 F041500 629
028 G011500 22773
028 G021500 0
028 G031500 0
028 G041500 7737
028 H001500 0
045 001500 Y
046 001500 N
047 001500 Y
048 001500 0.000
048 A011500 750000
048 A021500 1.000
048 B011500 1250000
048 B021500 0.950
048 C011500 1500000
048 C021500 0.900
048 D011500 0
048 D021500 0.000
048 E011500 0
048 E021500 0.000
048 F011500 0
048 F021500 0.000
048 G011500 0
048 G021500 0.000
048 H011500 0
048 H021500 0.000
048 I011500 0
048 I021500 0.000
048 J011500 0
048 J021500 0.000
<PAGE> PAGE 70
048 K011500 3500000
048 K021500 0.850
058 A001500 N
059 001500 Y
060 A001500 Y
060 B001500 Y
061 001500 0
062 A001500 N
062 B001500 0.0
062 C001500 0.0
062 D001500 0.0
062 E001500 0.0
062 F001500 0.0
062 G001500 0.0
062 H001500 0.0
062 I001500 0.0
062 J001500 0.0
062 K001500 0.0
062 L001500 0.0
062 M001500 0.0
062 N001500 0.0
062 O001500 0.0
062 P001500 0.0
062 Q001500 0.0
062 R001500 0.0
066 A001500 Y
066 B001500 Y
067 001500 N
068 A001500 N
068 B001500 N
069 001500 N
070 A011500 Y
070 A021500 N
070 B011500 Y
070 B021500 N
070 C011500 Y
070 C021500 N
070 D011500 Y
070 D021500 N
070 E011500 Y
070 E021500 N
070 F011500 Y
070 F021500 N
070 G011500 Y
070 G021500 N
070 H011500 Y
070 H021500 N
070 I011500 N
070 I021500 N
070 J011500 Y
070 J021500 N
<PAGE> PAGE 71
070 K011500 Y
070 K021500 N
070 L011500 Y
070 L021500 N
070 M011500 Y
070 M021500 N
070 N011500 Y
070 N021500 N
070 O011500 Y
070 O021500 N
070 P011500 N
070 P021500 N
070 Q011500 N
070 Q021500 N
070 R011500 Y
070 R021500 N
071 A001500 81384
071 B001500 57958
071 C001500 44756
071 D001500 130
072 A001500 12
072 B001500 174
072 C001500 140
072 D001500 0
072 E001500 0
072 F001500 473
072 G001500 0
072 H001500 0
072 I001500 0
072 J001500 0
072 K001500 0
072 L001500 0
072 M001500 3
072 N001500 0
072 O001500 0
072 P001500 0
072 Q001500 0
072 R001500 0
072 S001500 0
072 T001500 0
072 U001500 0
072 V001500 0
072 W001500 0
072 X001500 476
072 Y001500 0
072 Z001500 -162
072AA001500 0
072BB001500 2345
072CC011500 7984
072CC021500 0
072DD011500 0
<PAGE> PAGE 72
072DD021500 0
072EE001500 0
073 A011500 0.0000
073 A021500 0.0000
073 B001500 0.0000
073 C001500 0.0000
074 A001500 94
074 B001500 0
074 C001500 5197
074 D001500 0
074 E001500 0
074 F001500 61141
074 G001500 0
074 H001500 0
074 I001500 0
074 J001500 0
074 K001500 0
074 L001500 57
074 M001500 0
074 N001500 66489
074 O001500 0
074 P001500 0
074 Q001500 0
074 R011500 0
074 R021500 0
074 R031500 0
074 R041500 93
074 S001500 0
074 T001500 66396
074 U011500 5013
074 U021500 0
074 V011500 13.25
074 V021500 0.00
074 W001500 0.0000
074 X001500 3
074 Y001500 0
075 A001500 48112
075 B001500 0
076 001500 0.00
008 A001601 DIRECTED SERVICES, INC.
008 B001601 A
008 C001601 801-32675
008 D011601 WILMINGTON
008 D021601 DE
008 D031601 19801
008 A001602 PUTNAM INVESTMENT MANAGEMENT, INC.
008 B001602 S
008 C001602 801-9999
008 D011602 BOSTON
008 D021602 MA
008 D031602 02109
<PAGE> PAGE 73
014 A001601 DELETE
024 001600 Y
025 A001601 GENERAL ELECTRIC COMPANY
025 C001601 E
025 D001601 2062
025 D001602 0
025 D001603 0
025 D001604 0
025 D001605 0
025 D001606 0
025 D001607 0
025 D001608 0
028 A011600 3373
028 A021600 0
028 A031600 0
028 A041600 1131
028 B011600 2618
028 B021600 0
028 B031600 0
028 B041600 2549
028 C011600 3350
028 C021600 1508
028 C031600 0
028 C041600 2214
028 D011600 3694
028 D021600 0
028 D031600 0
028 D041600 3538
028 E011600 1726
028 E021600 0
028 E031600 0
028 E041600 1980
028 F011600 2709
028 F021600 7229
028 F031600 0
028 F041600 2126
028 G011600 17470
028 G021600 8737
028 G031600 0
028 G041600 13538
028 H001600 0
045 001600 Y
046 001600 N
047 001600 Y
048 001600 0.000
048 A011600 500000
048 A021600 1.250
048 B011600 0
048 B021600 0.000
048 C011600 0
048 C021600 0.000
<PAGE> PAGE 74
048 D011600 0
048 D021600 0.000
048 E011600 0
048 E021600 0.000
048 F011600 0
048 F021600 0.000
048 G011600 0
048 G021600 0.000
048 H011600 0
048 H021600 0.000
048 I011600 0
048 I021600 0.000
048 J011600 0
048 J021600 0.000
048 K011600 500000
048 K021600 1.050
058 A001600 N
059 001600 Y
060 A001600 Y
060 B001600 Y
061 001600 0
062 A001600 N
062 B001600 0.0
062 C001600 0.0
062 D001600 0.0
062 E001600 0.0
062 F001600 0.0
062 G001600 0.0
062 H001600 0.0
062 I001600 0.0
062 J001600 0.0
062 K001600 0.0
062 L001600 0.0
062 M001600 0.0
062 N001600 0.0
062 O001600 0.0
062 P001600 0.0
062 Q001600 0.0
062 R001600 0.0
066 A001600 Y
066 C001600 Y
067 001600 N
068 A001600 N
068 B001600 Y
069 001600 N
070 A011600 Y
070 A021600 Y
070 B011600 Y
070 B021600 N
070 C011600 Y
070 C021600 N
<PAGE> PAGE 75
070 D011600 Y
070 D021600 N
070 E011600 Y
070 E021600 N
070 F011600 Y
070 F021600 N
070 G011600 Y
070 G021600 N
070 H011600 Y
070 H021600 N
070 I011600 N
070 I021600 N
070 J011600 Y
070 J021600 Y
070 K011600 Y
070 K021600 Y
070 L011600 Y
070 L021600 Y
070 M011600 Y
070 M021600 Y
070 N011600 N
070 N021600 N
070 O011600 Y
070 O021600 N
070 P011600 N
070 P021600 N
070 Q011600 N
070 Q021600 N
070 R011600 Y
070 R021600 N
071 A001600 199146
071 B001600 186513
071 C001600 93693
071 D001600 199
072 A001600 12
072 B001600 183
072 C001600 1223
072 D001600 0
072 E001600 0
072 F001600 1239
072 G001600 0
072 H001600 0
072 I001600 0
072 J001600 0
072 K001600 0
072 L001600 0
072 M001600 8
072 N001600 0
072 O001600 0
072 P001600 0
072 Q001600 0
<PAGE> PAGE 76
072 R001600 0
072 S001600 0
072 T001600 0
072 U001600 0
072 V001600 0
072 W001600 102
072 X001600 1349
072 Y001600 0
072 Z001600 57
072AA001600 8488
072BB001600 0
072CC011600 2109
072CC021600 0
072DD011600 0
072DD021600 0
072EE001600 0
073 A011600 0.2425
073 A021600 0.0000
073 B001600 0.7837
073 C001600 0.0000
074 A001600 566
074 B001600 1517
074 C001600 0
074 D001600 0
074 E001600 0
074 F001600 101996
074 G001600 0
074 H001600 0
074 I001600 77
074 J001600 1430
074 K001600 0
074 L001600 1270
074 M001600 344
074 N001600 107200
074 O001600 1876
074 P001600 0
074 Q001600 0
074 R011600 0
074 R021600 0
074 R031600 0
074 R041600 21
074 S001600 0
074 T001600 105303
074 U011600 9190
074 U021600 0
074 V011600 11.46
074 V021600 0.00
074 W001600 0.0000
074 X001600 2
074 Y001600 0
075 A001600 99315
<PAGE> PAGE 77
075 B001600 0
076 001600 0.00
SIGNATURE CHRISTOPHER SMYTHE
TITLE ASSISTANT TREASURER
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 01
<NAME> GCG TRUST MULTIPLE ALLOCATION SERIES
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> DEC-31-1997
<PERIOD-END> DEC-31-1997
<INVESTMENTS-AT-COST> 231,729,826
<INVESTMENTS-AT-VALUE> 261,623,021
<RECEIVABLES> 2,864,048
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 111,687
<TOTAL-ASSETS> 264,598,756
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 3
<TOTAL-LIABILITIES> 3
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 228,811,281
<SHARES-COMMON-STOCK> 20,218,274
<SHARES-COMMON-PRIOR> 21,984,529
<ACCUMULATED-NII-CURRENT> 2,527,112
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 3,367,115
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 29,893,245
<NET-ASSETS> 264,598,753
<DIVIDEND-INCOME> 3,447,192
<INTEREST-INCOME> 9,605,243
<OTHER-INCOME> 0
<EXPENSES-NET> 2,659,152
<NET-INVESTMENT-INCOME> 10,393,283
<REALIZED-GAINS-CURRENT> 17,804,014
<APPREC-INCREASE-CURRENT> 14,967,200
<NET-CHANGE-FROM-OPS> 43,164,497
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (10,225,709)
<DISTRIBUTIONS-OF-GAINS> (17,190,742)
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 332,402
<NUMBER-OF-SHARES-REDEEMED> (4,177,968)
<SHARES-REINVESTED> 2,079,311
<NET-CHANGE-IN-ASSETS> (8,192,462)
<ACCUMULATED-NII-PRIOR> 2,359,598
<ACCUMULATED-GAINS-PRIOR> 2,753,783
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 0
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 2,659,152
<AVERAGE-NET-ASSETS> 267,850,409
<PER-SHARE-NAV-BEGIN> 12.41
<PER-SHARE-NII> 0.57
<PER-SHARE-GAIN-APPREC> 1.58
<PER-SHARE-DIVIDEND> (0.55)
<PER-SHARE-DISTRIBUTIONS> (0.92)
<RETURNS-OF-CAPITAL> 0.00
<PER-SHARE-NAV-END> 13.09
<EXPENSE-RATIO> 0.99
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 02
<NAME> CGC TRUST FULLY MANAGED SERIES
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> DEC-31-1997
<PERIOD-END> DEC-31-1997
<INVESTMENTS-AT-COST> 145,440,502
<INVESTMENTS-AT-VALUE> 170,068,366
<RECEIVABLES> 858,292
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 2,544
<TOTAL-ASSETS> 170,929,202
<PAYABLE-FOR-SECURITIES> 877,952
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 64,564
<TOTAL-LIABILITIES> 942,516
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 141,331,747
<SHARES-COMMON-STOCK> 10,804,338
<SHARES-COMMON-PRIOR> 9,223,011
<ACCUMULATED-NII-CURRENT> 932,261
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 3,094,955
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 24,627,723
<NET-ASSETS> 169,986,686
<DIVIDEND-INCOME> 2,304,597
<INTEREST-INCOME> 3,249,515
<OTHER-INCOME> 0
<EXPENSES-NET> 1,502,448
<NET-INVESTMENT-INCOME> 4,051,724
<REALIZED-GAINS-CURRENT> 10,614,478
<APPREC-INCREASE-CURRENT> 7,067,542
<NET-CHANGE-FROM-OPS> 21,733,744
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (4,129,884)
<DISTRIBUTIONS-OF-GAINS> (9,274,889)
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 1,541,076
<NUMBER-OF-SHARES-REDEEMED> (809,383)
<SHARES-REINVESTED> 849,634
<NET-CHANGE-IN-ASSETS> 33,327,155
<ACCUMULATED-NII-PRIOR> 1,011,198
<ACCUMULATED-GAINS-PRIOR> 1,754,589
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 0
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 1,502,448
<AVERAGE-NET-ASSETS> 151,519,031
<PER-SHARE-NAV-BEGIN> 14.82
<PER-SHARE-NII> 0.39
<PER-SHARE-GAIN-APPREC> 1.86
<PER-SHARE-DIVIDEND> (0.41)
<PER-SHARE-DISTRIBUTIONS> (0.93)
<RETURNS-OF-CAPITAL> 0.00
<PER-SHARE-NAV-END> 15.73
<EXPENSE-RATIO> 0.99
<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> 12-MOS
<FISCAL-YEAR-END> DEC-31-1997
<PERIOD-END> DEC-31-1997
<INVESTMENTS-AT-COST> 52,664,423
<INVESTMENTS-AT-VALUE> 53,221,772
<RECEIVABLES> 616,398
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 1,074
<TOTAL-ASSETS> 53,839,244
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 25
<TOTAL-LIABILITIES> 25
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 52,685,354
<SHARES-COMMON-STOCK> 5,224,315
<SHARES-COMMON-PRIOR> 7,798,760
<ACCUMULATED-NII-CURRENT> 940,370
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 0
<OVERDISTRIBUTION-GAINS> (343,854)
<ACCUM-APPREC-OR-DEPREC> 557,349
<NET-ASSETS> 53,839,219
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 4,763,806
<OTHER-INCOME> 0
<EXPENSES-NET> 461,569
<NET-INVESTMENT-INCOME> 4,302,237
<REALIZED-GAINS-CURRENT> 101,572
<APPREC-INCREASE-CURRENT> 454,094
<NET-CHANGE-FROM-OPS> 4,857,903
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (4,257,186)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 1,145,356
<NUMBER-OF-SHARES-REDEEMED> (4,129,852)
<SHARES-REINVESTED> 410,051
<NET-CHANGE-IN-ASSETS> (27,477,957)
<ACCUMULATED-NII-PRIOR> 882,464
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> (432,571)
<GROSS-ADVISORY-FEES> 0
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 461,569
<AVERAGE-NET-ASSETS> 75,283,168
<PER-SHARE-NAV-BEGIN> 10.43
<PER-SHARE-NII> 0.60
<PER-SHARE-GAIN-APPREC> 0.09
<PER-SHARE-DIVIDEND> (0.81)
<PER-SHARE-DISTRIBUTIONS> 0.00
<RETURNS-OF-CAPITAL> 0.00
<PER-SHARE-NAV-END> 10.31
<EXPENSE-RATIO> 0.61
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 041
<NAME> GCG TRUST HARD ASSETS SERIES
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> DEC-31-1997
<PERIOD-END> DEC-31-1997
<INVESTMENTS-AT-COST> 39,870,643
<INVESTMENTS-AT-VALUE> 42,524,976
<RECEIVABLES> 1,564,774
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 4,222,601
<TOTAL-ASSETS> 48,312,351
<PAYABLE-FOR-SECURITIES> 2,081,520
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 2,229
<TOTAL-LIABILITIES> 2,083,749
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 43,426,645
<SHARES-COMMON-STOCK> 3,072,210
<SHARES-COMMON-PRIOR> 2,458,892
<ACCUMULATED-NII-CURRENT> 34,617
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 121,031
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 2,646,309
<NET-ASSETS> 46,228,602
<DIVIDEND-INCOME> 645,068
<INTEREST-INCOME> 178,538
<OTHER-INCOME> 0
<EXPENSES-NET> 466,291
<NET-INVESTMENT-INCOME> 357,315
<REALIZED-GAINS-CURRENT> 8,342,402
<APPREC-INCREASE-CURRENT> (5,781,864)
<NET-CHANGE-FROM-OPS> 2,917,853
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (307,920)
<DISTRIBUTIONS-OF-GAINS> (9,313,654)
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 868,667
<NUMBER-OF-SHARES-REDEEMED> (878,297)
<SHARES-REINVESTED> 622,948
<NET-CHANGE-IN-ASSETS> 2,325,202
<ACCUMULATED-NII-PRIOR> 12,713
<ACCUMULATED-GAINS-PRIOR> 1,064,792
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 0
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 466,291
<AVERAGE-NET-ASSETS> 46,993,840
<PER-SHARE-NAV-BEGIN> 17.85
<PER-SHARE-NII> 0.14
<PER-SHARE-GAIN-APPREC> 0.99
<PER-SHARE-DIVIDEND> (0.13)
<PER-SHARE-DISTRIBUTIONS> (3.80)
<RETURNS-OF-CAPITAL> 0.00
<PER-SHARE-NAV-END> 15.05
<EXPENSE-RATIO> 0.99
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
[ARTICLE] 6
[SERIES]
[NUMBER] 041
[NAME] GCG TRUST HARD ASSETS SERIES
<S> <C>
[PERIOD-TYPE] 12-MOS
[FISCAL-YEAR-END] DEC-31-1997
[PERIOD-END] DEC-31-1997
[INVESTMENTS-AT-COST] 39,870,643
[INVESTMENTS-AT-VALUE] 42,524,976
[RECEIVABLES] 1,564,774
[ASSETS-OTHER] 0
[OTHER-ITEMS-ASSETS] 4,222,601
[TOTAL-ASSETS] 48,312,351
[PAYABLE-FOR-SECURITIES] 2,081,520
[SENIOR-LONG-TERM-DEBT] 0
[OTHER-ITEMS-LIABILITIES] 2,229
[TOTAL-LIABILITIES] 2,083,749
[SENIOR-EQUITY] 0
[PAID-IN-CAPITAL-COMMON] 43,426,645
[SHARES-COMMON-STOCK] 3,072,210
[SHARES-COMMON-PRIOR] 2,458,892
[ACCUMULATED-NII-CURRENT] 34,617
[OVERDISTRIBUTION-NII] 0
[ACCUMULATED-NET-GAINS] 121,031
[OVERDISTRIBUTION-GAINS] 0
[ACCUM-APPREC-OR-DEPREC] 2,646,309
[NET-ASSETS] 46,228,602
[DIVIDEND-INCOME] 645,068
[INTEREST-INCOME] 178,538
[OTHER-INCOME] 0
[EXPENSES-NET] 466,291
[NET-INVESTMENT-INCOME] 357,315
[REALIZED-GAINS-CURRENT] 8,342,402
[APPREC-INCREASE-CURRENT] (5,781,864)
[NET-CHANGE-FROM-OPS] 2,917,853
[EQUALIZATION] 0
[DISTRIBUTIONS-OF-INCOME] (307,920)
[DISTRIBUTIONS-OF-GAINS] (9,313,654)
[DISTRIBUTIONS-OTHER] 0
[NUMBER-OF-SHARES-SOLD] 868,667
[NUMBER-OF-SHARES-REDEEMED] (878,297)
[SHARES-REINVESTED] 622,948
[NET-CHANGE-IN-ASSETS] 2,325,202
[ACCUMULATED-NII-PRIOR] 12,713
[ACCUMULATED-GAINS-PRIOR] 1,064,792
[OVERDISTRIB-NII-PRIOR] 0
[OVERDIST-NET-GAINS-PRIOR] 0
[GROSS-ADVISORY-FEES] 0
[INTEREST-EXPENSE] 0
[GROSS-EXPENSE] 466,291
[AVERAGE-NET-ASSETS] 46,993,840
[PER-SHARE-NAV-BEGIN] 17.85
[PER-SHARE-NII] 0.14
[PER-SHARE-GAIN-APPREC] 0.99
[PER-SHARE-DIVIDEND] (0.13)
[PER-SHARE-DISTRIBUTIONS] (3.80)
[RETURNS-OF-CAPITAL] 0.00
[PER-SHARE-NAV-END] 15.05
[EXPENSE-RATIO] 0.99
[AVG-DEBT-OUTSTANDING] 0
[AVG-DEBT-PER-SHARE] 0
</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 05
<NAME> GCG TRUST REAL ESTATE SERIES
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> DEC-31-1997
<PERIOD-END> DEC-31-1997
<INVESTMENTS-AT-COST> 57,805,023
<INVESTMENTS-AT-VALUE> 74,002,049
<RECEIVABLES> 1,783,319
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 61,413
<TOTAL-ASSETS> 75,846,781
<PAYABLE-FOR-SECURITIES> 316,792
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 21
<TOTAL-LIABILITIES> 316,813
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 54,346,233
<SHARES-COMMON-STOCK> 4,134,084
<SHARES-COMMON-PRIOR> 3,200,267
<ACCUMULATED-NII-CURRENT> 664,535
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 4,322,175
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 16,197,025
<NET-ASSETS> 75,529,968
<DIVIDEND-INCOME> 3,236,744
<INTEREST-INCOME> 167,461
<OTHER-INCOME> 0
<EXPENSES-NET> 615,256
<NET-INVESTMENT-INCOME> 2,788,949
<REALIZED-GAINS-CURRENT> 6,334,789
<APPREC-INCREASE-CURRENT> 4,106,606
<NET-CHANGE-FROM-OPS> 13,230,344
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (2,424,102)
<DISTRIBUTIONS-OF-GAINS> (2,696,366)
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 1,496,367
<NUMBER-OF-SHARES-REDEEMED> (843,396)
<SHARES-REINVESTED> 280,846
<NET-CHANGE-IN-ASSETS> 24,395,360
<ACCUMULATED-NII-PRIOR> 461,696
<ACCUMULATED-GAINS-PRIOR> 521,744
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 0
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 615,256
<AVERAGE-NET-ASSETS> 62,107,385
<PER-SHARE-NAV-BEGIN> 15.98
<PER-SHARE-NII> 0.69
<PER-SHARE-GAIN-APPREC> 2.93
<PER-SHARE-DIVIDEND> (0.63)
<PER-SHARE-DISTRIBUTIONS> (0.70)
<RETURNS-OF-CAPITAL> 0.00
<PER-SHARE-NAV-END> 18.27
<EXPENSE-RATIO> 0.99
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
[ARTICLE] 6
[SERIES]
[NUMBER] 05
[NAME] GCG TRUST REAL ESTATE SERIES
<S> <C>
[PERIOD-TYPE] 12-MOS
[FISCAL-YEAR-END] DEC-31-1997
[PERIOD-END] DEC-31-1997
[INVESTMENTS-AT-COST] 57,805,023
[INVESTMENTS-AT-VALUE] 74,002,049
[RECEIVABLES] 1,783,319
[ASSETS-OTHER] 0
[OTHER-ITEMS-ASSETS] 61,413
[TOTAL-ASSETS] 75,846,781
[PAYABLE-FOR-SECURITIES] 316,792
[SENIOR-LONG-TERM-DEBT] 0
[OTHER-ITEMS-LIABILITIES] 21
[TOTAL-LIABILITIES] 316,813
[SENIOR-EQUITY] 0
[PAID-IN-CAPITAL-COMMON] 54,346,233
[SHARES-COMMON-STOCK] 4,134,084
[SHARES-COMMON-PRIOR] 3,200,267
[ACCUMULATED-NII-CURRENT] 664,535
[OVERDISTRIBUTION-NII] 0
[ACCUMULATED-NET-GAINS] 4,322,175
[OVERDISTRIBUTION-GAINS] 0
[ACCUM-APPREC-OR-DEPREC] 16,197,025
[NET-ASSETS] 75,529,968
[DIVIDEND-INCOME] 3,236,744
[INTEREST-INCOME] 167,461
[OTHER-INCOME] 0
[EXPENSES-NET] 615,256
[NET-INVESTMENT-INCOME] 2,788,949
[REALIZED-GAINS-CURRENT] 6,334,789
[APPREC-INCREASE-CURRENT] 4,106,606
[NET-CHANGE-FROM-OPS] 13,230,344
[EQUALIZATION] 0
[DISTRIBUTIONS-OF-INCOME] (2,424,102)
[DISTRIBUTIONS-OF-GAINS] (2,696,366)
[DISTRIBUTIONS-OTHER] 0
[NUMBER-OF-SHARES-SOLD] 1,496,367
[NUMBER-OF-SHARES-REDEEMED] (843,396)
[SHARES-REINVESTED] 280,846
[NET-CHANGE-IN-ASSETS] 24,395,360
[ACCUMULATED-NII-PRIOR] 461,696
[ACCUMULATED-GAINS-PRIOR] 521,744
[OVERDISTRIB-NII-PRIOR] 0
[OVERDIST-NET-GAINS-PRIOR] 0
[GROSS-ADVISORY-FEES] 0
[INTEREST-EXPENSE] 0
[GROSS-EXPENSE] 615,256
[AVERAGE-NET-ASSETS] 62,107,385
[PER-SHARE-NAV-BEGIN] 15.98
[PER-SHARE-NII] 0.69
[PER-SHARE-GAIN-APPREC] 2.93
[PER-SHARE-DIVIDEND] (0.63)
[PER-SHARE-DISTRIBUTIONS] (0.70)
[RETURNS-OF-CAPITAL] 0.00
[PER-SHARE-NAV-END] 18.27
[EXPENSE-RATIO] 0.99
[AVG-DEBT-OUTSTANDING] 0
[AVG-DEBT-PER-SHARE] 0
[ARTICLE] 6
[SERIES]
[NUMBER] 05
[NAME] GCG TRUST REAL ESTATE SERIES
<S> <C>
[PERIOD-TYPE] 12-MOS
[FISCAL-YEAR-END] DEC-31-1997
[PERIOD-END] DEC-31-1997
[INVESTMENTS-AT-COST] 57,805,023
[INVESTMENTS-AT-VALUE] 74,002,049
[RECEIVABLES] 1,783,319
[ASSETS-OTHER] 0
[OTHER-ITEMS-ASSETS] 61,413
[TOTAL-ASSETS] 75,846,781
[PAYABLE-FOR-SECURITIES] 316,792
[SENIOR-LONG-TERM-DEBT] 0
[OTHER-ITEMS-LIABILITIES] 21
[TOTAL-LIABILITIES] 316,813
[SENIOR-EQUITY] 0
[PAID-IN-CAPITAL-COMMON] 54,346,233
[SHARES-COMMON-STOCK] 4,134,084
[SHARES-COMMON-PRIOR] 3,200,267
[ACCUMULATED-NII-CURRENT] 664,535
[OVERDISTRIBUTION-NII] 0
[ACCUMULATED-NET-GAINS] 4,322,175
[OVERDISTRIBUTION-GAINS] 0
[ACCUM-APPREC-OR-DEPREC] 16,197,025
[NET-ASSETS] 75,529,968
[DIVIDEND-INCOME] 3,236,744
[INTEREST-INCOME] 167,461
[OTHER-INCOME] 0
[EXPENSES-NET] 615,256
[NET-INVESTMENT-INCOME] 2,788,949
[REALIZED-GAINS-CURRENT] 6,334,789
[APPREC-INCREASE-CURRENT] 4,106,606
[NET-CHANGE-FROM-OPS] 13,230,344
[EQUALIZATION] 0
[DISTRIBUTIONS-OF-INCOME] (2,424,102)
[DISTRIBUTIONS-OF-GAINS] (2,696,366)
[DISTRIBUTIONS-OTHER] 0
[NUMBER-OF-SHARES-SOLD] 1,496,367
[NUMBER-OF-SHARES-REDEEMED] (843,396)
[SHARES-REINVESTED] 280,846
[NET-CHANGE-IN-ASSETS] 24,395,360
[ACCUMULATED-NII-PRIOR] 461,696
[ACCUMULATED-GAINS-PRIOR] 521,744
[OVERDISTRIB-NII-PRIOR] 0
[OVERDIST-NET-GAINS-PRIOR] 0
[GROSS-ADVISORY-FEES] 0
[INTEREST-EXPENSE] 0
[GROSS-EXPENSE] 615,256
[AVERAGE-NET-ASSETS] 62,107,385
[PER-SHARE-NAV-BEGIN] 15.98
[PER-SHARE-NII] 0.69
[PER-SHARE-GAIN-APPREC] 2.93
[PER-SHARE-DIVIDEND] (0.63)
[PER-SHARE-DISTRIBUTIONS] (0.70)
[RETURNS-OF-CAPITAL] 0.00
[PER-SHARE-NAV-END] 18.27
[EXPENSE-RATIO] 0.99
[AVG-DEBT-OUTSTANDING] 0
[AVG-DEBT-PER-SHARE] 0
[ARTICLE] 6
[SERIES]
[NUMBER] 05
[NAME] GCG TRUST REAL ESTATE SERIES
<S> <C>
[PERIOD-TYPE] 12-MOS
[FISCAL-YEAR-END] DEC-31-1997
[PERIOD-END] DEC-31-1997
[INVESTMENTS-AT-COST] 57,805,023
[INVESTMENTS-AT-VALUE] 74,002,049
[RECEIVABLES] 1,783,319
[ASSETS-OTHER] 0
[OTHER-ITEMS-ASSETS] 61,413
[TOTAL-ASSETS] 75,846,781
[PAYABLE-FOR-SECURITIES] 316,792
[SENIOR-LONG-TERM-DEBT] 0
[OTHER-ITEMS-LIABILITIES] 21
[TOTAL-LIABILITIES] 316,813
[SENIOR-EQUITY] 0
[PAID-IN-CAPITAL-COMMON] 54,346,233
[SHARES-COMMON-STOCK] 4,134,084
[SHARES-COMMON-PRIOR] 3,200,267
[ACCUMULATED-NII-CURRENT] 664,535
[OVERDISTRIBUTION-NII] 0
[ACCUMULATED-NET-GAINS] 4,322,175
[OVERDISTRIBUTION-GAINS] 0
[ACCUM-APPREC-OR-DEPREC] 16,197,025
[NET-ASSETS] 75,529,968
[DIVIDEND-INCOME] 3,236,744
[INTEREST-INCOME] 167,461
[OTHER-INCOME] 0
[EXPENSES-NET] 615,256
[NET-INVESTMENT-INCOME] 2,788,949
[REALIZED-GAINS-CURRENT] 6,334,789
[APPREC-INCREASE-CURRENT] 4,106,606
[NET-CHANGE-FROM-OPS] 13,230,344
[EQUALIZATION] 0
[DISTRIBUTIONS-OF-INCOME] (2,424,102)
[DISTRIBUTIONS-OF-GAINS] (2,696,366)
[DISTRIBUTIONS-OTHER] 0
[NUMBER-OF-SHARES-SOLD] 1,496,367
[NUMBER-OF-SHARES-REDEEMED] (843,396)
[SHARES-REINVESTED] 280,846
[NET-CHANGE-IN-ASSETS] 24,395,360
[ACCUMULATED-NII-PRIOR] 461,696
[ACCUMULATED-GAINS-PRIOR] 521,744
[OVERDISTRIB-NII-PRIOR] 0
[OVERDIST-NET-GAINS-PRIOR] 0
[GROSS-ADVISORY-FEES] 0
[INTEREST-EXPENSE] 0
[GROSS-EXPENSE] 615,256
[AVERAGE-NET-ASSETS] 62,107,385
[PER-SHARE-NAV-BEGIN] 15.98
[PER-SHARE-NII] 0.69
[PER-SHARE-GAIN-APPREC] 2.93
[PER-SHARE-DIVIDEND] (0.63)
[PER-SHARE-DISTRIBUTIONS] (0.70)
[RETURNS-OF-CAPITAL] 0.00
[PER-SHARE-NAV-END] 18.27
[EXPENSE-RATIO] 0.99
[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> 12-MOS
<FISCAL-YEAR-END> DEC-31-1997
<PERIOD-END> DEC-31-1997
<INVESTMENTS-AT-COST> 65,947,148
<INVESTMENTS-AT-VALUE> 75,860,625
<RECEIVABLES> 165,642
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 76,026,267
<PAYABLE-FOR-SECURITIES> 2,169,731
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 55
<TOTAL-LIABILITIES> 2,169,786
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 65,485,969
<SHARES-COMMON-STOCK> 5,361,887
<SHARES-COMMON-PRIOR> 5,880,233
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 0
<OVERDISTRIBUTION-GAINS> (1,542,965)
<ACCUM-APPREC-OR-DEPREC> 9,913,477
<NET-ASSETS> 73,856,481
<DIVIDEND-INCOME> 152,507
<INTEREST-INCOME> 232,631
<OTHER-INCOME> 0
<EXPENSES-NET> 736,823
<NET-INVESTMENT-INCOME> (351,685)
<REALIZED-GAINS-CURRENT> 6,011,558
<APPREC-INCREASE-CURRENT> (1,412,789)
<NET-CHANGE-FROM-OPS> 4,247,084
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (167,479)
<DISTRIBUTIONS-OF-GAINS> (1,930,785)
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 480,563
<NUMBER-OF-SHARES-REDEEMED> (1,152,164)
<SHARES-REINVESTED> 153,255
<NET-CHANGE-IN-ASSETS> (4,893,464)
<ACCUMULATED-NII-PRIOR> 167,481
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> (5,623,738)
<GROSS-ADVISORY-FEES> 0
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 736,823
<AVERAGE-NET-ASSETS> 74,202,606
<PER-SHARE-NAV-BEGIN> 13.39
<PER-SHARE-NII> (0.06)
<PER-SHARE-GAIN-APPREC> 0.84
<PER-SHARE-DIVIDEND> (0.03)
<PER-SHARE-DISTRIBUTIONS> (0.37)
<RETURNS-OF-CAPITAL> 0.00
<PER-SHARE-NAV-END> 13.77
<EXPENSE-RATIO> 0.99
<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> 12-MOS
<FISCAL-YEAR-END> DEC-31-1997
<PERIOD-END> DEC-31-1997
<INVESTMENTS-AT-COST> 57,565,917
<INVESTMENTS-AT-VALUE> 57,565,917
<RECEIVABLES> 1,888,727
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 119
<TOTAL-ASSETS> 59,454,763
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 1,947
<TOTAL-LIABILITIES> 1,947
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 59,455,251
<SHARES-COMMON-STOCK> 59,455,281
<SHARES-COMMON-PRIOR> 39,097,362
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 0
<OVERDISTRIBUTION-GAINS> (2,435)
<ACCUM-APPREC-OR-DEPREC> 0
<NET-ASSETS> 59,452,816
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 2,699,023
<OTHER-INCOME> 0
<EXPENSES-NET> 292,108
<NET-INVESTMENT-INCOME> 2,406,915
<REALIZED-GAINS-CURRENT> (816)
<APPREC-INCREASE-CURRENT> 0
<NET-CHANGE-FROM-OPS> 2,406,099
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (2,406,915)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 105,883,519
<NUMBER-OF-SHARES-REDEEMED> (87,932,514)
<SHARES-REINVESTED> 2,406,914
<NET-CHANGE-IN-ASSETS> 20,357,103
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> (1,619)
<GROSS-ADVISORY-FEES> 0
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 292,108
<AVERAGE-NET-ASSETS> 48,228,189
<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> 08
<NAME> GCG TRUST CAPITAL APPREC SERIES
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> DEC-31-1997
<PERIOD-END> DEC-31-1997
<INVESTMENTS-AT-COST> 149,615,210
<INVESTMENTS-AT-VALUE> 194,073,126
<RECEIVABLES> 251,114
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 944
<TOTAL-ASSETS> 194,325,184
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 339,576
<TOTAL-LIABILITIES> 339,576
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 137,305,962
<SHARES-COMMON-STOCK> 10,988,655
<SHARES-COMMON-PRIOR> 9,879,660
<ACCUMULATED-NII-CURRENT> 336,095
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 11,885,635
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 44,457,916
<NET-ASSETS> 193,985,608
<DIVIDEND-INCOME> 2,701,921
<INTEREST-INCOME> 578,587
<OTHER-INCOME> 0
<EXPENSES-NET> 1,678,069
<NET-INVESTMENT-INCOME> 1,602,439
<REALIZED-GAINS-CURRENT> 25,886,926
<APPREC-INCREASE-CURRENT> 15,156,059
<NET-CHANGE-FROM-OPS> 42,645,424
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (1,586,754)
<DISTRIBUTIONS-OF-GAINS> (16,079,375)
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 1,584,454
<NUMBER-OF-SHARES-REDEEMED> (1,472,937)
<SHARES-REINVESTED> 997,478
<NET-CHANGE-IN-ASSETS> 45,233,110
<ACCUMULATED-NII-PRIOR> 334,278
<ACCUMULATED-GAINS-PRIOR> 2,064,216
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 0
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 1,678,069
<AVERAGE-NET-ASSETS> 169,249,186
<PER-SHARE-NAV-BEGIN> 15.06
<PER-SHARE-NII> 0.16
<PER-SHARE-GAIN-APPREC> 4.19
<PER-SHARE-DIVIDEND> (0.16)
<PER-SHARE-DISTRIBUTIONS> (1.60)
<RETURNS-OF-CAPITAL> 0.00
<PER-SHARE-NAV-END> 17.65
<EXPENSE-RATIO> 0.99
<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> 12-MOS
<FISCAL-YEAR-END> DEC-31-1997
<PERIOD-END> DEC-31-1997
<INVESTMENTS-AT-COST> 164,932
<INVESTMENTS-AT-VALUE> 198,414
<RECEIVABLES> 281
<ASSETS-OTHER> 12,187
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 210,882
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 8,957
<TOTAL-LIABILITIES> 8,957
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 148,718
<SHARES-COMMON-STOCK> 27,840
<SHARES-COMMON-PRIOR> 23,259
<ACCUMULATED-NII-CURRENT> 2,600
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 17,125
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 33,482
<NET-ASSETS> 201,925
<DIVIDEND-INCOME> 5,752
<INTEREST-INCOME> 0
<OTHER-INCOME> 0
<EXPENSES-NET> 4,952
<NET-INVESTMENT-INCOME> 800
<REALIZED-GAINS-CURRENT> 18,925
<APPREC-INCREASE-CURRENT> 6,348
<NET-CHANGE-FROM-OPS> 26,073
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 3,006
<DISTRIBUTIONS-OF-GAINS> 31,438
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 0
<NUMBER-OF-SHARES-REDEEMED> (3,291)
<SHARES-REINVESTED> 4,705
<NET-CHANGE-IN-ASSETS> 794
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 32,844
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 594
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 28,837
<AVERAGE-NET-ASSETS> 197,226
<PER-SHARE-NAV-BEGIN> 7.61
<PER-SHARE-NII> 0.03
<PER-SHARE-GAIN-APPREC> 1.09
<PER-SHARE-DIVIDEND> (1.48)
<PER-SHARE-DISTRIBUTIONS> 0.00
<RETURNS-OF-CAPITAL> 0.00
<PER-SHARE-NAV-END> 7.25
<EXPENSE-RATIO> 2.50
<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> 12-MOS
<FISCAL-YEAR-END> DEC-31-1997
<PERIOD-END> DEC-31-1997
<INVESTMENTS-AT-COST> 185,980,800
<INVESTMENTS-AT-VALUE> 251,132,097
<RECEIVABLES> 1,056,894
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 1,809
<TOTAL-ASSETS> 252,190,800
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 6
<TOTAL-LIABILITIES> 6
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 178,625,765
<SHARES-COMMON-STOCK> 12,585,942
<SHARES-COMMON-PRIOR> 7,983,033
<ACCUMULATED-NII-CURRENT> 363,705
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 8,050,027
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 65,151,297
<NET-ASSETS> 252,190,794
<DIVIDEND-INCOME> 2,820,718
<INTEREST-INCOME> 742,701
<OTHER-INCOME> 0
<EXPENSES-NET> 1,807,853
<NET-INVESTMENT-INCOME> 1,755,566
<REALIZED-GAINS-CURRENT> 12,060,684
<APPREC-INCREASE-CURRENT> 32,431,516
<NET-CHANGE-FROM-OPS> 46,247,766
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (1,618,583)
<DISTRIBUTIONS-OF-GAINS> (4,219,889)
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 5,080,986
<NUMBER-OF-SHARES-REDEEMED> (770,378)
<SHARES-REINVESTED> 292,301
<NET-CHANGE-IN-ASSETS> 125,952,153
<ACCUMULATED-NII-PRIOR> 226,722
<ACCUMULATED-GAINS-PRIOR> 209,232
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 0
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 1,807,853
<AVERAGE-NET-ASSETS> 182,677,614
<PER-SHARE-NAV-BEGIN> 15.81
<PER-SHARE-NII> 0.14
<PER-SHARE-GAIN-APPREC> 4.57
<PER-SHARE-DIVIDEND> (0.13)
<PER-SHARE-DISTRIBUTIONS> (0.35)
<RETURNS-OF-CAPITAL> 0.00
<PER-SHARE-NAV-END> 20.04
<EXPENSE-RATIO> 0.99
<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-31-1997
<PERIOD-END> DEC-31-1997
<INVESTMENTS-AT-COST> 40,424,923
<INVESTMENTS-AT-VALUE> 37,716,002
<RECEIVABLES> 934,255
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 1,168,980
<TOTAL-ASSETS> 39,819,237
<PAYABLE-FOR-SECURITIES> 383,073
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 29
<TOTAL-LIABILITIES> 383,102
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 53,984,527
<SHARES-COMMON-STOCK> 4,481,305
<SHARES-COMMON-PRIOR> 5,301,626
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> (138,391)
<ACCUMULATED-NET-GAINS> 0
<OVERDISTRIBUTION-GAINS> (11,316,748)
<ACCUM-APPREC-OR-DEPREC> (3,093,253)
<NET-ASSETS> 39,436,135
<DIVIDEND-INCOME> 642,390
<INTEREST-INCOME> 226,738
<OTHER-INCOME> 0
<EXPENSES-NET> 912,996
<NET-INVESTMENT-INCOME> (43,868)
<REALIZED-GAINS-CURRENT> 893,630
<APPREC-INCREASE-CURRENT> (3,695,246)
<NET-CHANGE-FROM-OPS> (2,845,484)
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (48,446)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 1,702,996
<NUMBER-OF-SHARES-REDEEMED> (2,527,913)
<SHARES-REINVESTED> 4,596
<NET-CHANGE-IN-ASSETS> (12,074,298)
<ACCUMULATED-NII-PRIOR> 48,445
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> (12,475,215)
<GROSS-ADVISORY-FEES> 0
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 912,996
<AVERAGE-NET-ASSETS> 50,862,147
<PER-SHARE-NAV-BEGIN> 9.72
<PER-SHARE-NII> (0.01)
<PER-SHARE-GAIN-APPREC> (0.90)
<PER-SHARE-DIVIDEND> (0.01)
<PER-SHARE-DISTRIBUTIONS> 0.00
<RETURNS-OF-CAPITAL> 0.00
<PER-SHARE-NAV-END> 8.80
<EXPENSE-RATIO> 1.80
<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-31-1997
<PERIOD-END> DEC-31-1997
<INVESTMENTS-AT-COST> 3,887,490
<INVESTMENTS-AT-VALUE> 6,790,123
<RECEIVABLES> 4,629
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 174
<TOTAL-ASSETS> 6,794,926
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 3,876
<TOTAL-LIABILITIES> 3,876
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 3,882,794
<SHARES-COMMON-STOCK> 412,444
<SHARES-COMMON-PRIOR> 422,420
<ACCUMULATED-NII-CURRENT> 612
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 5,011
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 2,902,633
<NET-ASSETS> 6,791,050
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 201,968
<OTHER-INCOME> 0
<EXPENSES-NET> 63,578
<NET-INVESTMENT-INCOME> 138,390
<REALIZED-GAINS-CURRENT> 334,050
<APPREC-INCREASE-CURRENT> 1,357,875
<NET-CHANGE-FROM-OPS> 1,830,315
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (137,990)
<DISTRIBUTIONS-OF-GAINS> (329,039)
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 0
<NUMBER-OF-SHARES-REDEEMED> (38,453)
<SHARES-REINVESTED> 28,477
<NET-CHANGE-IN-ASSETS> 1,206,190
<ACCUMULATED-NII-PRIOR> 212
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 0
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 63,578
<AVERAGE-NET-ASSETS> 6,308,787
<PER-SHARE-NAV-BEGIN> 13.22
<PER-SHARE-NII> 0.36
<PER-SHARE-GAIN-APPREC> 4.11
<PER-SHARE-DIVIDEND> (0.36)
<PER-SHARE-DISTRIBUTIONS> (0.86)
<RETURNS-OF-CAPITAL> 0.00
<PER-SHARE-NAV-END> 16.47
<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> 12-MOS
<FISCAL-YEAR-END> DEC-31-1997
<PERIOD-END> DEC-31-1997
<INVESTMENTS-AT-COST> 70,890,868
<INVESTMENTS-AT-VALUE> 79,436,766
<RECEIVABLES> 2,520,417
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 9,175
<TOTAL-ASSETS> 81,966,358
<PAYABLE-FOR-SECURITIES> 1,844,746
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 73,546
<TOTAL-LIABILITIES> 1,918,292
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 69,272,879
<SHARES-COMMON-STOCK> 4,963,513
<SHARES-COMMON-PRIOR> 3,204,698
<ACCUMULATED-NII-CURRENT> 164,963
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 2,086,053
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 8,524,171
<NET-ASSETS> 80,048,066
<DIVIDEND-INCOME> 1,214,815
<INTEREST-INCOME> 171,109
<OTHER-INCOME> 0
<EXPENSES-NET> 596,352
<NET-INVESTMENT-INCOME> 789,572
<REALIZED-GAINS-CURRENT> 7,969,130
<APPREC-INCREASE-CURRENT> 4,536,919
<NET-CHANGE-FROM-OPS> 13,295,621
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (777,919)
<DISTRIBUTIONS-OF-GAINS> (6,283,471)
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 1,668,644
<NUMBER-OF-SHARES-REDEEMED> (347,566)
<SHARES-REINVESTED> 437,737
<NET-CHANGE-IN-ASSETS> 35,427,722
<ACCUMULATED-NII-PRIOR> 153,310
<ACCUMULATED-GAINS-PRIOR> 400,394
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 0
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 596,352
<AVERAGE-NET-ASSETS> 60,233,076
<PER-SHARE-NAV-BEGIN> 13.92
<PER-SHARE-NII> 0.16
<PER-SHARE-GAIN-APPREC> 3.63
<PER-SHARE-DIVIDEND> (0.18)
<PER-SHARE-DISTRIBUTIONS> (1.40)
<RETURNS-OF-CAPITAL> 0.00
<PER-SHARE-NAV-END> 16.13
<EXPENSE-RATIO> 0.99
<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> 12-MOS
<FISCAL-YEAR-END> DEC-31-1997
<PERIOD-END> DEC-31-1997
<INVESTMENTS-AT-COST> 44,527,743
<INVESTMENTS-AT-VALUE> 51,837,263
<RECEIVABLES> 94,068
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 2,685
<TOTAL-ASSETS> 51,934,016
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 145,491
<TOTAL-LIABILITIES> 145,491
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 42,722,903
<SHARES-COMMON-STOCK> 3,799,659
<SHARES-COMMON-PRIOR> 2,604,255
<ACCUMULATED-NII-CURRENT> 161,924
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 1,576,446
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 7,327,252
<NET-ASSETS> 51,788,525
<DIVIDEND-INCOME> 660,961
<INTEREST-INCOME> 490,784
<OTHER-INCOME> 0
<EXPENSES-NET> 397,408
<NET-INVESTMENT-INCOME> 754,337
<REALIZED-GAINS-CURRENT> 3,043,656
<APPREC-INCREASE-CURRENT> 5,016,645
<NET-CHANGE-FROM-OPS> 8,814,638
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (678,032)
<DISTRIBUTIONS-OF-GAINS> (1,942,391)
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 1,415,924
<NUMBER-OF-SHARES-REDEEMED> (414,126)
<SHARES-REINVESTED> 193,606
<NET-CHANGE-IN-ASSETS> 21,365,104
<ACCUMULATED-NII-PRIOR> 85,696
<ACCUMULATED-GAINS-PRIOR> 475,104
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 0
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 397,408
<AVERAGE-NET-ASSETS> 40,133,727
<PER-SHARE-NAV-BEGIN> 11.68
<PER-SHARE-NII> 0.20
<PER-SHARE-GAIN-APPREC> 2.49
<PER-SHARE-DIVIDEND> (0.19)
<PER-SHARE-DISTRIBUTIONS> (0.55)
<RETURNS-OF-CAPITAL> 0.00
<PER-SHARE-NAV-END> 13.63
<EXPENSE-RATIO> 0.99
<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> 12-MOS
<FISCAL-YEAR-END> DEC-31-1997
<PERIOD-END> DEC-31-1997
<INVESTMENTS-AT-COST> 55,741,861
<INVESTMENTS-AT-VALUE> 66,337,866
<RECEIVABLES> 56,557
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 94,108
<TOTAL-ASSETS> 66,488,531
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 92,980
<TOTAL-LIABILITIES> 92,980
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 60,008,577
<SHARES-COMMON-STOCK> 5,012,692
<SHARES-COMMON-PRIOR> 2,862,021
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 0
<OVERDISTRIBUTION-GAINS> (4,209,031)
<ACCUM-APPREC-OR-DEPREC> 10,596,005
<NET-ASSETS> 66,395,551
<DIVIDEND-INCOME> 139,925
<INTEREST-INCOME> 173,892
<OTHER-INCOME> 0
<EXPENSES-NET> 476,094
<NET-INVESTMENT-INCOME> (162,277)
<REALIZED-GAINS-CURRENT> (2,345,204)
<APPREC-INCREASE-CURRENT> 7,983,775
<NET-CHANGE-FROM-OPS> 5,476,294
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 3,265,056
<NUMBER-OF-SHARES-REDEEMED> (1,114,385)
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> 32,030,833
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> (1,863,942)
<GROSS-ADVISORY-FEES> 0
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 476,094
<AVERAGE-NET-ASSETS> 48,112,398
<PER-SHARE-NAV-BEGIN> 12.01
<PER-SHARE-NII> (0.03)
<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> 13.25
<EXPENSE-RATIO> 0.99
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 16
<NAME> GCG MANAGED GLOBAL SERIES
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> DEC-31-1997
<PERIOD-END> DEC-31-1997
<INVESTMENTS-AT-COST> 97,493,000
<INVESTMENTS-AT-VALUE> 103,590,533
<RECEIVABLES> 3,035,235
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 574,647
<TOTAL-ASSETS> 107,200,415
<PAYABLE-FOR-SECURITIES> 1,876,102
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 21,740
<TOTAL-LIABILITIES> 1,897,842
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 98,834,109
<SHARES-COMMON-STOCK> 9,189,817
<SHARES-COMMON-PRIOR> 7,763,118
<ACCUMULATED-NII-CURRENT> 84,471
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 33,527
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 6,350,466
<NET-ASSETS> 105,302,573
<DIVIDEND-INCOME> 1,223,111
<INTEREST-INCOME> 182,750
<OTHER-INCOME> 0
<EXPENSES-NET> 1,348,692
<NET-INVESTMENT-INCOME> 57,169
<REALIZED-GAINS-CURRENT> 8,487,853
<APPREC-INCREASE-CURRENT> 2,108,616
<NET-CHANGE-FROM-OPS> 10,653,638
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (2,044,956)
<DISTRIBUTIONS-OF-GAINS> (6,691,768)
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 2,473,206
<NUMBER-OF-SHARES-REDEEMED> (1,798,765)
<SHARES-REINVESTED> 752,258
<NET-CHANGE-IN-ASSETS> 18,926,172
<ACCUMULATED-NII-PRIOR> 171,198
<ACCUMULATED-GAINS-PRIOR> 138,502
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 0
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 1,348,692
<AVERAGE-NET-ASSETS> 99,314,937
<PER-SHARE-NAV-BEGIN> 11.13
<PER-SHARE-NII> 0.02
<PER-SHARE-GAIN-APPREC> 1.33
<PER-SHARE-DIVIDEND> (0.24)
<PER-SHARE-DISTRIBUTIONS> (0.78)
<RETURNS-OF-CAPITAL> 0.00
<PER-SHARE-NAV-END> 11.46
<EXPENSE-RATIO> 1.36
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
