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<PAGE> PAGE 11
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<PAGE> PAGE 20
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<PAGE> PAGE 21
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<PAGE> PAGE 22
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<PAGE> PAGE 23
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<PAGE> PAGE 24
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<PAGE> PAGE 25
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<PAGE> PAGE 27
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<PAGE> PAGE 29
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<PAGE> PAGE 30
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<PAGE> PAGE 31
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<PAGE> PAGE 32
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<PAGE> PAGE 33
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<PAGE> PAGE 34
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<PAGE> PAGE 36
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<PAGE> PAGE 37
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<PAGE> PAGE 38
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<PAGE> PAGE 39
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<PAGE> PAGE 40
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<PAGE> PAGE 41
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<PAGE> PAGE 42
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<PAGE> PAGE 43
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<PAGE> PAGE 44
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<PAGE> PAGE 45
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<PAGE> PAGE 46
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<PAGE> PAGE 47
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<PAGE> PAGE 48
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<PAGE> PAGE 49
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<PAGE> PAGE 50
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<PAGE> PAGE 51
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<PAGE> PAGE 52
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<PAGE> PAGE 53
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<PAGE> PAGE 54
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<PAGE> PAGE 55
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<PAGE> PAGE 56
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<PAGE> PAGE 57
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<PAGE> PAGE 58
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<PAGE> PAGE 59
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<PAGE> PAGE 60
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<PAGE> PAGE 61
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<PAGE> PAGE 62
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<PAGE> PAGE 63
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<PAGE> PAGE 64
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<PAGE> PAGE 65
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<PAGE> PAGE 66
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<PAGE> PAGE 67
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<PAGE> PAGE 68
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<PAGE> PAGE 69
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<PAGE> PAGE 70
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<PAGE> PAGE 71
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<PAGE> PAGE 72
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<PAGE> PAGE 73
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<PAGE> PAGE 74
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<PAGE> PAGE 75
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<PAGE> PAGE 76
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<PAGE> PAGE 77
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<PAGE> PAGE 78
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<PAGE> PAGE 79
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070 K021700 N
070 L011700 Y
070 L021700 N
070 M011700 Y
070 M021700 N
070 N011700 N
070 N021700 N
070 O011700 Y
<PAGE> PAGE 80
070 O021700 N
070 P011700 N
070 P021700 N
070 Q011700 N
070 Q021700 N
070 R011700 Y
070 R021700 N
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<PAGE> PAGE 81
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074 Y001700 0
075 A001700 6123
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076 001700 0.00
008 A001801 DIRECTED SERVICES, INC.
008 B001801 A
008 C001801 801-32675
008 D011801 WILMINGTON
008 D021801 DE
008 D031801 19801
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008 B001802 S
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<PAGE> PAGE 82
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045 001800 Y
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<PAGE> PAGE 83
048 J011800 0
048 J021800 0.000
048 K011800 0
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058 A001800 N
059 001800 Y
060 A001800 Y
060 B001800 Y
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062 D001800 0.0
062 E001800 0.0
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062 J001800 0.0
062 K001800 0.0
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062 M001800 0.0
062 N001800 0.0
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066 A001800 Y
066 C001800 Y
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068 B001800 Y
069 001800 N
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070 A021800 N
070 B011800 Y
070 B021800 N
070 C011800 Y
070 C021800 N
070 D011800 Y
070 D021800 N
070 E011800 Y
070 E021800 N
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070 F021800 N
070 G011800 Y
070 G021800 N
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<PAGE> PAGE 84
070 J011800 Y
070 J021800 N
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070 K021800 N
070 L011800 Y
070 L021800 Y
070 M011800 Y
070 M021800 N
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070 N021800 N
070 O011800 Y
070 O021800 N
070 P011800 N
070 P021800 N
070 Q011800 N
070 Q021800 N
070 R011800 Y
070 R021800 N
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<PAGE> PAGE 85
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SIGNATURE CHRISTOPHER SMYTHE
TITLE ASSISTANT TREASURER
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 01
<NAME> GCG TRUST MULTIPLE ALLOCATION SERIES
<S> <C>
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<FISCAL-YEAR-END> DEC-31-1998
<PERIOD-END> JUN-30-1998
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<NUMBER-OF-SHARES-SOLD> 988,784
<NUMBER-OF-SHARES-REDEEMED> (1,167,232)
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</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 02
<NAME> CGC TRUST FULLY MANAGED SERIES
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> DEC-31-1998
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<NET-ASSETS> 214,520,351
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<EXPENSES-NET> 933,413
<NET-INVESTMENT-INCOME> 2,564,340
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<APPREC-INCREASE-CURRENT> (2,257,796)
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<NUMBER-OF-SHARES-SOLD> 2,353,217
<NUMBER-OF-SHARES-REDEEMED> (242,182)
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> 44,533,665
<ACCUMULATED-NII-PRIOR> 932,261
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<OVERDISTRIB-NII-PRIOR> 0
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<GROSS-EXPENSE> 933,413
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<PER-SHARE-NAV-BEGIN> 15.73
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</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 03
<NAME>GCG TRUST LTD MATURITY BOND SERIES
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> DEC-31-1998
<PERIOD-END> JUN-30-1998
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<OTHER-ITEMS-ASSETS> 0
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<NET-INVESTMENT-INCOME> 1,709,663
<REALIZED-GAINS-CURRENT> (1,182)
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<NET-CHANGE-FROM-OPS> 1,863,430
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<NUMBER-OF-SHARES-SOLD> 1,742,321
<NUMBER-OF-SHARES-REDEEMED> (512,322)
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> 14,767,057
<ACCUMULATED-NII-PRIOR> 940,370
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> (343,854)
<GROSS-ADVISORY-FEES> 181,617
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 181,617
<AVERAGE-NET-ASSETS> 61,119,545
<PER-SHARE-NAV-BEGIN> 10.31
<PER-SHARE-NII> 0.29
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<PER-SHARE-NAV-END> 10.63
<EXPENSE-RATIO> 0.60
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<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 04
<NAME> GCG TRUST HARD ASSETS SERIES
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> DEC-31-1998
<PERIOD-END> JUN-30-1998
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<TOTAL-ASSETS> 39,462,075
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<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 720,122
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> (3,946,281)
<NET-ASSETS> 38,757,563
<DIVIDEND-INCOME> 440,498
<INTEREST-INCOME> 111,467
<OTHER-INCOME> 0
<EXPENSES-NET> 210,677
<NET-INVESTMENT-INCOME> 341,288
<REALIZED-GAINS-CURRENT> 599,091
<APPREC-INCREASE-CURRENT> (6,592,590)
<NET-CHANGE-FROM-OPS> (5,652,211)
<EQUALIZATION> 0
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<DISTRIBUTIONS-OF-GAINS> 0
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<NUMBER-OF-SHARES-SOLD> 760,574
<NUMBER-OF-SHARES-REDEEMED> (884,319)
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> (7,471,039)
<ACCUMULATED-NII-PRIOR> 34,617
<ACCUMULATED-GAINS-PRIOR> 121,031
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 210,677
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 210,677
<AVERAGE-NET-ASSETS> 43,251,277
<PER-SHARE-NAV-BEGIN> 15.05
<PER-SHARE-NII> 0.12
<PER-SHARE-GAIN-APPREC> (2.03)
<PER-SHARE-DIVIDEND> 0.00
<PER-SHARE-DISTRIBUTIONS> 0.00
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<PER-SHARE-NAV-END> 13.14
<EXPENSE-RATIO> 0.98
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 05
<NAME> GCG TRUST REAL ESTATE SERIES
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> DEC-31-1998
<PERIOD-END> JUN-30-1998
<INVESTMENTS-AT-COST> 74,030,824
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<RECEIVABLES> 1,283,074
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 8,935
<TOTAL-ASSETS> 83,200,111
<PAYABLE-FOR-SECURITIES> 329,394
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<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 65,202,651
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<SHARES-COMMON-PRIOR> 4,134,084
<ACCUMULATED-NII-CURRENT> 2,456,042
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 7,334,746
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 7,877,277
<NET-ASSETS> 82,870,716
<DIVIDEND-INCOME> 2,074,957
<INTEREST-INCOME> 95,105
<OTHER-INCOME> 0
<EXPENSES-NET> 378,555
<NET-INVESTMENT-INCOME> 1,791,507
<REALIZED-GAINS-CURRENT> 3,012,571
<APPREC-INCREASE-CURRENT> (8,319,748)
<NET-CHANGE-FROM-OPS> (3,515,670)
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<NUMBER-OF-SHARES-SOLD> 900,562
<NUMBER-OF-SHARES-REDEEMED> (284,616)
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<NET-CHANGE-IN-ASSETS> 7,340,748
<ACCUMULATED-NII-PRIOR> 664,535
<ACCUMULATED-GAINS-PRIOR> 4,322,175
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<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 378,555
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<GROSS-EXPENSE> 378,555
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<PER-SHARE-NAV-BEGIN> 18.27
<PER-SHARE-NII> 0.36
<PER-SHARE-GAIN-APPREC> (1.18)
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</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 06
<NAME> GCG TRUST ALL-GROWTH SERIES
<S> <C>
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<FISCAL-YEAR-END> DEC-31-1998
<PERIOD-END> JUN-30-1998
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<OTHER-ITEMS-ASSETS> 0
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<SHARES-COMMON-PRIOR> 5,361,887
<ACCUMULATED-NII-CURRENT> 0
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<EXPENSES-NET> 374,215
<NET-INVESTMENT-INCOME> (194,059)
<REALIZED-GAINS-CURRENT> 7,452,917
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<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> 0
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<NUMBER-OF-SHARES-SOLD> 482,243
<NUMBER-OF-SHARES-REDEEMED> (472,055)
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> 7,715,555
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> (1,542,965)
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<GROSS-EXPENSE> 374,215
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<PER-SHARE-NAV-BEGIN> 13.77
<PER-SHARE-NII> (0.04)
<PER-SHARE-GAIN-APPREC> 1.45
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<RETURNS-OF-CAPITAL> 0.00
<PER-SHARE-NAV-END> 15.18
<EXPENSE-RATIO> 0.98
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<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 07
<NAME> GCG TRUST LIQUID ASSET SERIES
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> DEC-31-1998
<PERIOD-END> JUN-30-1998
<INVESTMENTS-AT-COST> 108,659,534
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<NUMBER-OF-SHARES-REDEEMED> (87,792,628)
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</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 08
<NAME> GCG TRUST CAPITAL APPREC SERIES
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> DEC-31-1998
<PERIOD-END> JUN-30-1998
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<TOTAL-LIABILITIES> 8,563,642
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<SHARES-COMMON-STOCK> 11,927,548
<SHARES-COMMON-PRIOR> 10,988,655
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<ACCUMULATED-NET-GAINS> 26,351,103
<OVERDISTRIBUTION-GAINS> 0
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<NUMBER-OF-SHARES-SOLD> 1,670,686
<NUMBER-OF-SHARES-REDEEMED> (731,793)
<SHARES-REINVESTED> 0
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<GROSS-EXPENSE> 1,043,778
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</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 09
<NAME> GCG Trust Fund For Life Series
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> DEC-31-1998
<PERIOD-END> JUN-30-1998
<INVESTMENTS-AT-COST> 166,739
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<RECEIVABLES> 235
<ASSETS-OTHER> 5,389
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<TOTAL-LIABILITIES> 6,533
<SENIOR-EQUITY> 0
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<SHARES-COMMON-STOCK> 27,697
<SHARES-COMMON-PRIOR> 27,840
<ACCUMULATED-NII-CURRENT> 1,085
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 17,125
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 49,049
<NET-ASSETS> 214,875
<DIVIDEND-INCOME> 1,766
<INTEREST-INCOME> 0
<OTHER-INCOME> 0
<EXPENSES-NET> 3,281
<NET-INVESTMENT-INCOME> (1,515)
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<APPREC-INCREASE-CURRENT> 15,563
<NET-CHANGE-FROM-OPS> 14,048
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<DISTRIBUTIONS-OF-GAINS> 0
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<NUMBER-OF-SHARES-SOLD> 0
<NUMBER-OF-SHARES-REDEEMED> (143)
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> 12,950
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 19,725
<OVERDISTRIB-NII-PRIOR> 0
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<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 8,755
<AVERAGE-NET-ASSETS> 261,072
<PER-SHARE-NAV-BEGIN> 7.25
<PER-SHARE-NII> (0.05)
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<EXPENSE-RATIO> 2.50
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<AVG-DEBT-PER-SHARE> 0.00
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 10
<NAME> GCG TRUST RISING DIVIDENDS SERIES
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> DEC-31-1998
<PERIOD-END> JUN-30-1998
<INVESTMENTS-AT-COST> 324,523,022
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<TOTAL-LIABILITIES> 20,609
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<PAID-IN-CAPITAL-COMMON> 314,648,172
<SHARES-COMMON-STOCK> 18,742,530
<SHARES-COMMON-PRIOR> 12,585,942
<ACCUMULATED-NII-CURRENT> 1,785,291
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<ACCUMULATED-NET-GAINS> 10,025,215
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 102,900,223
<NET-ASSETS> 429,358,901
<DIVIDEND-INCOME> 2,624,245
<INTEREST-INCOME> 428,387
<OTHER-INCOME> 0
<EXPENSES-NET> 1,631,046
<NET-INVESTMENT-INCOME> 1,421,586
<REALIZED-GAINS-CURRENT> 1,975,188
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<NUMBER-OF-SHARES-SOLD> 6,864,125
<NUMBER-OF-SHARES-REDEEMED> (707,537)
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> 177,168,107
<ACCUMULATED-NII-PRIOR> 363,705
<ACCUMULATED-GAINS-PRIOR> 8,050,027
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
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<GROSS-EXPENSE> 1,631,046
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<PER-SHARE-NAV-BEGIN> 20.04
<PER-SHARE-NII> 0.07
<PER-SHARE-GAIN-APPREC> 2.80
<PER-SHARE-DIVIDEND> 0.00
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<EXPENSE-RATIO> 0.98
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<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 11
<NAME> GCG TRUST EMERGING MARKETS SERIES
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> DEC-31-1998
<PERIOD-END> JUN-30-1998
<INVESTMENTS-AT-COST> 37,411,643
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<RECEIVABLES> 670,313
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<TOTAL-ASSETS> 31,750,863
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<TOTAL-LIABILITIES> 138,907
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<PAID-IN-CAPITAL-COMMON> 51,575,234
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<ACCUMULATED-NII-CURRENT> 0
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<ACCUMULATED-NET-GAINS> 0
<OVERDISTRIBUTION-GAINS> (13,346,645)
<ACCUM-APPREC-OR-DEPREC> (6,512,135)
<NET-ASSETS> 31,611,956
<DIVIDEND-INCOME> 372,900
<INTEREST-INCOME> 0
<OTHER-INCOME> 0
<EXPENSES-NET> 339,007
<NET-INVESTMENT-INCOME> 33,893
<REALIZED-GAINS-CURRENT> (2,029,897)
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<NUMBER-OF-SHARES-SOLD> 458,208
<NUMBER-OF-SHARES-REDEEMED> (709,544)
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> (7,824,179)
<ACCUMULATED-NII-PRIOR> 0
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<OVERDIST-NET-GAINS-PRIOR> (11,316,748)
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<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 339,007
<AVERAGE-NET-ASSETS> 37,469,675
<PER-SHARE-NAV-BEGIN> 8.80
<PER-SHARE-NII> 0.01
<PER-SHARE-GAIN-APPREC> (1.34)
<PER-SHARE-DIVIDEND> 0.00
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<PER-SHARE-NAV-END> 7.47
<EXPENSE-RATIO> 1.82
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 12
<NAME> GCG TRUST MARKET MANAGER SERIES
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> DEC-31-1998
<PERIOD-END> JUN-30-1998
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<ACCUMULATED-NII-CURRENT> 65,649
<OVERDISTRIBUTION-NII> 0
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<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 3,547,830
<NET-ASSETS> 7,417,587
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<OTHER-INCOME> 0
<EXPENSES-NET> 36,606
<NET-INVESTMENT-INCOME> 65,037
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<NUMBER-OF-SHARES-SOLD> 0
<NUMBER-OF-SHARES-REDEEMED> (15,632)
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<GROSS-EXPENSE> 36,606
<AVERAGE-NET-ASSETS> 7,301,632
<PER-SHARE-NAV-BEGIN> 16.47
<PER-SHARE-NII> 0.16
<PER-SHARE-GAIN-APPREC> 2.06
<PER-SHARE-DIVIDEND> 0.00
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<EXPENSE-RATIO> 1.01
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<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 13
<NAME> GCG TRUST VALUE EQUITY SERIES
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> DEC-31-1998
<PERIOD-END> JUN-30-1998
<INVESTMENTS-AT-COST> 116,141,290
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<RECEIVABLES> 1,709,760
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<TOTAL-ASSETS> 121,053,516
<PAYABLE-FOR-SECURITIES> 6,572,446
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<TOTAL-LIABILITIES> 6,575,893
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 104,609,462
<SHARES-COMMON-STOCK> 7,051,667
<SHARES-COMMON-PRIOR> 4,963,513
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<OVERDISTRIBUTION-GAINS> 0
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<NET-ASSETS> 114,477,623
<DIVIDEND-INCOME> 971,547
<INTEREST-INCOME> 270,478
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<EXPENSES-NET> 478,878
<NET-INVESTMENT-INCOME> 763,147
<REALIZED-GAINS-CURRENT> 3,651,532
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<NUMBER-OF-SHARES-SOLD> 2,200,935
<NUMBER-OF-SHARES-REDEEMED> (112,781)
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<ACCUMULATED-NII-PRIOR> 164,963
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<GROSS-ADVISORY-FEES> 478,878
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 478,878
<AVERAGE-NET-ASSETS> 98,697,085
<PER-SHARE-NAV-BEGIN> 16.13
<PER-SHARE-NII> 0.13
<PER-SHARE-GAIN-APPREC> (0.03)
<PER-SHARE-DIVIDEND> 0.00
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<PER-SHARE-NAV-END> 16.23
<EXPENSE-RATIO> 0.98
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<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 14
<NAME> GCG STRATEGIC EQUITY SERIES
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> DEC-31-1998
<PERIOD-END> JUN-30-1998
<INVESTMENTS-AT-COST> 63,247,186
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<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 6,942,200
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<DIVIDEND-INCOME> 492,779
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<EXPENSES-NET> 290,708
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<NUMBER-OF-SHARES-SOLD> 1,192,366
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<GROSS-EXPENSE> 290,708
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<PER-SHARE-NAV-BEGIN> 13.63
<PER-SHARE-NII> 0.08
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<EXPENSE-RATIO> 0.98
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<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 15
<NAME> GCG SMALL CAP SERIES
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> DEC-31-1998
<PERIOD-END> JUN-30-1998
<INVESTMENTS-AT-COST> 84,110,203
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<TOTAL-LIABILITIES> 800,999
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<ACCUMULATED-NII-CURRENT> 0
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<ACCUMULATED-NET-GAINS> 0
<OVERDISTRIBUTION-GAINS> (661,270)
<ACCUM-APPREC-OR-DEPREC> 20,195,938
<NET-ASSETS> 104,428,308
<DIVIDEND-INCOME> 128,674
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<EXPENSES-NET> 398,453
<NET-INVESTMENT-INCOME> (144,698)
<REALIZED-GAINS-CURRENT> 3,547,761
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<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 2,164,426
<NUMBER-OF-SHARES-REDEEMED> (448,795)
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<ACCUMULATED-NII-PRIOR> 0
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<OVERDIST-NET-GAINS-PRIOR> (4,209,031)
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<GROSS-EXPENSE> 398,453
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<PER-SHARE-NAV-BEGIN> 13.25
<PER-SHARE-NII> (0.02)
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<PER-SHARE-DISTRIBUTIONS> 0.00
<RETURNS-OF-CAPITAL> 0.00
<PER-SHARE-NAV-END> 15.52
<EXPENSE-RATIO> 0.98
<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> 6-MOS
<FISCAL-YEAR-END> DEC-31-1998
<PERIOD-END> JUN-30-1998
<INVESTMENTS-AT-COST> 106,310,139
<INVESTMENTS-AT-VALUE> 127,521,432
<RECEIVABLES> 2,100,344
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 219,853
<TOTAL-ASSETS> 129,841,629
<PAYABLE-FOR-SECURITIES> 3,549,736
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 64,776
<TOTAL-LIABILITIES> 3,614,512
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 98,168,155
<SHARES-COMMON-STOCK> 9,127,564
<SHARES-COMMON-PRIOR> 9,189,817
<ACCUMULATED-NII-CURRENT> 220,029
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 6,770,832
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 21,068,101
<NET-ASSETS> 126,227,117
<DIVIDEND-INCOME> 761,084
<INTEREST-INCOME> 95,990
<OTHER-INCOME> 0
<EXPENSES-NET> 721,516
<NET-INVESTMENT-INCOME> 135,558
<REALIZED-GAINS-CURRENT> 6,737,305
<APPREC-INCREASE-CURRENT> 14,717,635
<NET-CHANGE-FROM-OPS> 21,590,498
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 1,023,677
<NUMBER-OF-SHARES-REDEEMED> (1,085,930)
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> 20,924,544
<ACCUMULATED-NII-PRIOR> 84,471
<ACCUMULATED-GAINS-PRIOR> 33,527
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 721,338
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 721,516
<AVERAGE-NET-ASSETS> 116,512,098
<PER-SHARE-NAV-BEGIN> 11.46
<PER-SHARE-NII> 0.01
<PER-SHARE-GAIN-APPREC> 2.36
<PER-SHARE-DIVIDEND> 0.00
<PER-SHARE-DISTRIBUTIONS> 0.00
<RETURNS-OF-CAPITAL> 0.00
<PER-SHARE-NAV-END> 13.83
<EXPENSE-RATIO> 1.25
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 17
<NAME> GCG TRUST GROWTH OPPORTUNITIES SERIES
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> DEC-31-1998
<PERIOD-END> JUN-30-1998
<INVESTMENTS-AT-COST> 7,886,666
<INVESTMENTS-AT-VALUE> 7,931,988
<RECEIVABLES> 90,902
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 1,548,502
<TOTAL-ASSETS> 9,571,392
<PAYABLE-FOR-SECURITIES> 718,078
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 66
<TOTAL-LIABILITIES> 718,144
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 8,757,522
<SHARES-COMMON-STOCK> 858,943
<SHARES-COMMON-PRIOR> 0
<ACCUMULATED-NII-CURRENT> 22,358
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 28,047
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 45,321
<NET-ASSETS> 8,853,248
<DIVIDEND-INCOME> 20,720
<INTEREST-INCOME> 26,073
<OTHER-INCOME> 0
<EXPENSES-NET> 24,435
<NET-INVESTMENT-INCOME> 22,358
<REALIZED-GAINS-CURRENT> 28,047
<APPREC-INCREASE-CURRENT> 45,321
<NET-CHANGE-FROM-OPS> 95,726
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 877,636
<NUMBER-OF-SHARES-REDEEMED> (18,693)
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> 8,853,248
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 24,435
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 24,435
<AVERAGE-NET-ASSETS> 6,123,077
<PER-SHARE-NAV-BEGIN> 10.00
<PER-SHARE-NII> 0.03
<PER-SHARE-GAIN-APPREC> 0.28
<PER-SHARE-DIVIDEND> 0.00
<PER-SHARE-DISTRIBUTIONS> 0.00
<RETURNS-OF-CAPITAL> 0.00
<PER-SHARE-NAV-END> 10.31
<EXPENSE-RATIO> 1.10
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 18
<NAME> GCG TRUST DEVELOPING WORLD SERIES
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> DEC-31-1998
<PERIOD-END> JUN-30-1998
<INVESTMENTS-AT-COST> 5,728,826
<INVESTMENTS-AT-VALUE> 4,679,998
<RECEIVABLES> 47,975
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 1,090,832
<TOTAL-ASSETS> 5,818,805
<PAYABLE-FOR-SECURITIES> 113,945
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 22
<TOTAL-LIABILITIES> 113,967
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 6,724,988
<SHARES-COMMON-STOCK> 690,919
<SHARES-COMMON-PRIOR> 0
<ACCUMULATED-NII-CURRENT> 26,787
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 2,323
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> (1,049,260)
<NET-ASSETS> 5,704,838
<DIVIDEND-INCOME> 48,665
<INTEREST-INCOME> 11,582
<OTHER-INCOME> 0
<EXPENSES-NET> 33,460
<NET-INVESTMENT-INCOME> 26,787
<REALIZED-GAINS-CURRENT> 2,323
<APPREC-INCREASE-CURRENT> (1,049,260)
<NET-CHANGE-FROM-OPS> (1,020,150)
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 728,200
<NUMBER-OF-SHARES-REDEEMED> (37,281)
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> 5,704,838
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 33,460
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 33,460
<AVERAGE-NET-ASSETS> 5,248,828
<PER-SHARE-NAV-BEGIN> 10.00
<PER-SHARE-NII> 0.05
<PER-SHARE-GAIN-APPREC> (1.79)
<PER-SHARE-DIVIDEND> 0.00
<PER-SHARE-DISTRIBUTIONS> 0.00
<RETURNS-OF-CAPITAL> 0.00
<PER-SHARE-NAV-END> 8.26
<EXPENSE-RATIO> 1.76
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
