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<PAGE> PAGE 2
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<PAGE> PAGE 6
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<PAGE> PAGE 7
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<PAGE> PAGE 9
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<PAGE> PAGE 10
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<PAGE> PAGE 11
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<PAGE> PAGE 12
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<PAGE> PAGE 13
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<PAGE> PAGE 14
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<PAGE> PAGE 15
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<PAGE> PAGE 16
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<PAGE> PAGE 17
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<PAGE> PAGE 18
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<PAGE> PAGE 19
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<PAGE> PAGE 20
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015 A000423 SUMITOMO TRUST & BANKING CO., LTD.
015 B000423 S
015 C010423 JAPAN
015 D010423 JAPAN
015 E040423 X
015 A000424 THE FUJI, LTD.
015 B000424 S
015 C010424 JAPAN
015 D010424 JAPAN
015 E040424 X
015 A000425 SEOULBANK
015 B000425 S
015 C010425 KOREA
015 D010425 KOREA
015 E040425 X
015 A000426 STANDARD CHARTERED BANK MALAYSIA BERHAD
015 B000426 S
015 C010426 MALAYSIA
015 D010426 MALAYSIA
015 E040426 X
015 A000427 CITIBANK MEXICO, S.A.
015 B000427 S
015 C010427 MEXICO
015 D010427 MEXICO
015 E040427 X
015 A000428 MEESPIERSON N.V.
015 B000428 S
015 C010428 NETHERLANDS
015 D010428 NETHERLANDS
015 E040428 X
015 A000429 ANZ BANKING GROUP (NEW ZEALAND) LTD
015 B000429 S
015 C010429 NEW ZEALAND
015 D010429 NEW ZEALAND
015 E040429 X
015 A000430 CHRISTIANIA BANK OG KREDITKASSE
015 B000430 S
<PAGE> PAGE 21
015 C010430 NORWAY
015 D010430 NORWAY
015 E040430 X
015 A000431 DUSTSCHE BANK AG
015 B000431 S
015 C010431 PAKISTAN
015 D010431 PAKISTAN
015 E040431 X
015 A000432 CITIBANK, N.A.
015 B000432 S
015 C010432 PERU
015 D010432 PERU
015 E040432 X
015 A000433 STANDARD CHARTERED BANK
015 B000433 S
015 C010433 PHILIPPINES
015 D010433 PHILIPPINES
015 E040433 X
015 A000434 CITIBANK POLAND S.A.
015 B000434 S
015 C010434 POLAND
015 D010434 POLAND
015 E040434 X
015 A000435 BANCO COMERCIAL PORTUGUES
015 B000435 S
015 C010435 PORTUGAL
015 D010435 PORTUGAL
015 E040435 X
015 A000436 THE DEVELOPMENT BANK OF SINGAPORE LTD.
015 B000436 S
015 C010436 SINGAPORE
015 D010436 SINGAPORE
015 E040436 X
015 A000437 CESKOSLOVENSKA OBCHODNA BANKA A.S.
015 B000437 S
015 C010437 SLOVAK REPUBLIC
015 D010437 SLOVAK REPUBLIC
015 E040437 X
015 A000438 STANDARD BANK OF SOUTH AFRICA LTD.
015 B000438 S
015 C010438 SOUTH AFRICA
015 D010438 SOUTH AFRICA
015 E040438 X
015 A000439 BANCO SANTANDER, S.A.
015 B000439 S
015 C010439 SPAIN
015 D010439 SPAIN
015 E040439 X
015 A000440 THE HONGKONG AND SHANGHAI BANKING CORP. LTD.
015 B000440 S
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<PAGE> PAGE 22
015 D010440 SRI LANKA
015 E040440 X
015 A000441 SKANDINAVISKA ENSKILDA BANKEN
015 B000441 S
015 C010441 SWEDEN
015 D010441 SWEDEN
015 E040441 X
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015 D010442 SWITZERLAND
015 E040442 X
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015 B000443 S
015 C010443 TAIWAN
015 D010443 TAIWAN
015 E040443 X
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015 B000444 S
015 C010444 THAILAND
015 D010444 THAILAND
015 E040444 X
015 A000445 CITIBANK, N.A.
015 B000445 S
015 C010445 TURKEY
015 D010445 TURKEY
015 E040445 X
015 A000446 STATE STREET BANK AND TRUST CO.
015 B000446 S
015 C010446 UNITED KINGDOM
015 D010446 UNITED KINGDOM
015 E040446 X
015 A000447 STATE STREET LONDON LTD.
015 B000447 S
015 C010447 UK
015 D010447 UK
015 E040447 X
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028 A020400 1
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028 B010400 19772
028 B020400 0
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028 C030400 0
028 C040400 16567
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028 D020400 0
<PAGE> PAGE 23
028 D030400 0
028 D040400 8041
028 E010400 17889
028 E020400 0
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028 G020400 8689
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034 000400 Y
035 000400 10
036 A000400 N
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037 000400 N
038 000400 0
039 000400 Y
040 000400 Y
041 000400 Y
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<PAGE> PAGE 24
048 C020400 0.000
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048 J020400 0.000
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048 K020400 0.000
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050 000400 N
051 000400 N
052 000400 N
053 A000400 N
055 A000400 N
055 B000400 N
056 000400 N
057 000400 N
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
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062 P000400 0.0
062 Q000400 0.0
062 R000400 0.0
066 A000400 Y
066 D000400 Y
067 000400 N
068 A000400 N
068 B000400 Y
069 000400 N
070 A010400 Y
<PAGE> PAGE 25
070 A020400 Y
070 B010400 Y
070 B020400 N
070 C010400 Y
070 C020400 N
070 D010400 Y
070 D020400 N
070 E010400 Y
070 E020400 N
070 F010400 Y
070 F020400 N
070 G010400 Y
070 G020400 N
070 H010400 Y
070 H020400 N
070 I010400 N
070 I020400 N
070 J010400 Y
070 J020400 N
070 K010400 N
070 K020400 N
070 L010400 Y
070 L020400 Y
070 M010400 Y
070 M020400 Y
070 N010400 N
070 N020400 N
070 O010400 Y
070 O020400 N
070 P010400 N
070 P020400 N
070 Q010400 N
070 Q020400 N
070 R010400 N
070 R020400 N
071 A000400 77944
071 B000400 64618
071 C000400 119718
071 D000400 54
072 A000400 12
072 B000400 162
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<PAGE> PAGE 26
072 M000400 19
072 N000400 41
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074 S000400 0
074 T000400 164350
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<PAGE> PAGE 27
074 V020400 22.61
074 W000400 0.0000
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074 Y000400 0
075 A000400 0
075 B000400 122866
076 000400 0.00
080 A000400 NATIONAL UNION FIRE INSURANCE CO.
080 C000400 525
081 A000400 Y
081 B000400 14
082 A000400 Y
082 B000400 100
083 A000400 N
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084 A000400 N
084 B000400 0
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085 B000400 N
015 A000501 CITIBANK
015 B000501 S
015 C010501 ARGENTINA
015 D010501 ARGENTINA
015 E040501 X
015 A000502 WESTPAC BANKING CORP
015 B000502 S
015 C010502 AUSTRALIA
015 D010502 AUSTRALIA
015 E040502 X
015 A000503 GIROCREDIT BANK AKTIENGESELLSCHAFT DER SPAR
015 B000503 S
015 C010503 AUSTRIA
015 D010503 AUSTRIA
015 E040503 X
015 A000504 GENERALE BANK
015 B000504 S
015 C010504 BELGIUM
015 D010504 BELGIUM
015 E040504 X
015 A000505 CITIBANK, N.A.
015 B000505 S
015 C010505 BRAZIL
015 D010505 BRAZIL
015 E040505 X
015 A000506 CITIBANK, N.A.
015 B000506 S
015 C010506 CHILE
015 D010506 CHILE
015 E040506 X
015 A000507 THE HONGKONG AND SHANGHAI BANKING CORP. LTD
015 B000507 S
<PAGE> PAGE 28
015 C010507 CHINA
015 D010507 CHINA
015 E040507 X
015 A000508 CITITRUST COLOMBIA S.A. SOCIEDAD FIDUCIARIA
015 B000508 S
015 C010508 COLOMBIA
015 D010508 COLOMBIA
015 E040508 X
015 A000509 CESKOSLOVENSKA OBCHODNI BANKA A.S.
015 B000509 S
015 C010509 CZECH REPUBLIC
015 D010509 CZECH REPUBLIC
015 E040509 X
015 A000510 DEN DANSKE BANK
015 B000510 S
015 C010510 DENMARK
015 D010510 DENMARK
015 E040510 X
015 A000511 MERITA BANK LTD.
015 B000511 S
015 C010511 FINLAMD
015 D010511 FINLAND
015 E040511 X
015 A000512 BANQUE PARIBAS
015 B000512 S
015 C010512 FRANCE
015 D010512 FRANCE
015 E040512 X
015 A000513 DRESDNER BANK AG
015 B000513 S
015 C010513 GERMANY
015 D010513 GERMANY
015 E040513 X
015 A000514 NATIONAL BANK OF GREECE S.A.
015 B000514 S
015 C010514 GREECE
015 D010514 GREECE
015 E040514 X
015 A000515 STANDARD CHARTERED BANK
015 B000515 S
015 C010515 HONGKONG
015 D010515 HONGKONG
015 E040515 X
015 A000516 CITIBANK BUDAPEST RT.
015 B000516 S
015 C010516 HUNGARY
015 D010516 HUNGARY
015 E040516 X
015 A000517 THE HONGKONG AND SHANGHAI BANKING CORP. LTD.
015 B000517 S
015 C010517 INDIA
<PAGE> PAGE 29
015 D010517 INDIA
015 E040517 X
015 A000518 DEUTSCHE BANK AG
015 B000518 S
015 C010518 INDIA
015 D010518 INDIA
015 E040518 X
015 A000519 STANDARD CHARTERED BANK
015 B000519 S
015 C010519 INDONESIA
015 D010519 INDONESIA
015 E040519 X
015 A000520 BANK OF IRELAND
015 B000520 S
015 C010520 IRELAND
015 D010520 IRELAND
015 E040520 X
015 A000521 BANK HAPOALIM B.M.
015 B000521 S
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015 E040521 X
015 A000522 BANQUE PARIBAS
015 B000522 S
015 C010522 ITALY
015 D010522 ITALY
015 E040522 X
015 A000523 SUMITOMO TRUST & BANKING CO., LTD.
015 B000523 S
015 C010523 JAPAN
015 D010523 JAPAN
015 E040523 X
015 A000524 THE FUJI BANK, LIMITED
015 B000524 S
015 C010524 JAPAN
015 D010524 JAPAN
015 E040524 X
015 A000525 SEOULBANK
015 B000525 S
015 C010525 KOREA
015 D010525 KOREA
015 E040525 X
015 A000526 STANDARD CHARTERED BANK MALAYSIA BERHAD
015 B000526 S
015 C010526 MALAYSIA
015 D010526 MALAYSIA
015 E040526 X
015 A000527 CITIBANK MEXICO, S.A.
015 B000527 S
015 C010527 MEXICO
015 D010527 MEXICO
<PAGE> PAGE 30
015 E040527 X
015 A000528 MEESPIERSON N.V.
015 B000528 S
015 C010528 NETHERLANDS
015 D010528 NETHERLANDS
015 E040528 X
015 A000529 ANZ BANKING GROUP (NEW ZEALAND) LTD.
015 B000529 S
015 C010529 NEW ZEALAND
015 D010529 NEW ZEALAND
015 E040529 X
015 A000530 CHRISTIANIA BANK OG KREDITKASSE
015 B000530 S
015 C010530 NORWAY
015 D010530 NORWAY
015 E040530 X
015 A000531 DEUTSCHE BANK AG
015 B000531 S
015 C010531 PAKISTAN
015 D010531 PAKISTAN
015 E040531 X
015 A000532 CITIBANK, N.A.
015 B000532 S
015 C010532 PERU
015 D010532 PERU
015 E040532 X
015 A000533 STANDARD CHARTERED BANK
015 B000533 S
015 C010533 PHILIPPINES
015 D010533 PHILIPPINES
015 E040533 X
015 A000534 CITIBANK POLAND S.A.
015 B000534 S
015 C010534 POLAND
015 D010534 POLAND
015 E040534 X
015 A000535 BANCO COMERCIAL PORTUGUES
015 B000535 S
015 C010535 PORTUGAL
015 D010535 PORTUGAL
015 E040535 X
015 A000536 THE DEVELOPMENT BANK OF SINGAPORE LTD.
015 B000536 S
015 C010536 SINGAPORE
015 D010536 SINGAPORE
015 E040536 X
015 A000537 CESKOSLOVENSKA OBCHODNA BANKA A.S.
015 B000537 S
015 C010537 SLOVAK REPUBLIC
015 D010537 SLOVAK REPUBLIC
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<PAGE> PAGE 31
015 A000538 STANDARD BANK OF SOUTH AFRICA LTD.
015 B000538 S
015 C010538 SOUTH AFRICA
015 D010538 SOUTH AFRICA
015 E040538 X
015 A000539 BANCO SANTANDER, S.A.
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015 D010539 SPAIN
015 E040539 X
015 A000540 THE HONGKONG AND SHANGHAI BANKING CORP. LTD.
015 B000540 S
015 C010540 SRI LANKA
015 D010540 SRI LANKA
015 E040540 X
015 A000541 SKANDINAVISKA ENSKILDA BANKEN
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015 A000543 CENTRAL TRUST OF CHINA
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015 A000544 STANDARD CHARTERED BANK
015 B000544 S
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015 A000545 CITIBANK, N.A.
015 B000545 S
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015 D010545 TURKEY
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015 A000546 STATE STREET BANK AND TRUST CO.
015 B000546 S
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015 D010546 UK
015 E040546 X
015 A000547 STATE STREET LONDON LTD.
015 B000547 S
015 C010547 UK
015 D010547 UK
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<PAGE> PAGE 32
028 A020500 0
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<PAGE> PAGE 33
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<PAGE> PAGE 34
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<PAGE> PAGE 35
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<PAGE> PAGE 36
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<PAGE> PAGE 37
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<PAGE> PAGE 38
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064 B000600 N
066 A000600 N
067 000600 N
068 A000600 N
068 B000600 N
069 000600 N
070 A010600 Y
070 A020600 Y
<PAGE> PAGE 39
070 B010600 N
070 B020600 N
070 C010600 N
070 C020600 N
070 D010600 N
070 D020600 N
070 E010600 N
070 E020600 N
070 F010600 N
070 F020600 N
070 G010600 N
070 G020600 N
070 H010600 N
070 H020600 N
070 I010600 N
070 I020600 N
070 J010600 Y
070 J020600 Y
070 K010600 N
070 K020600 N
070 L010600 N
070 L020600 N
070 M010600 N
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 N
070 R020600 N
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<PAGE> PAGE 40
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074 C000600 28314
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<PAGE> PAGE 41
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080 A000600 NATIONAL UNION FIRE INSURANCE CO.
080 C000600 600
081 A000600 Y
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082 A000600 Y
082 B000600 100
083 A000600 N
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085 B000600 N
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028 B020700 404
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<PAGE> PAGE 42
031 A000700 1
031 B000700 0
032 000700 0
033 000700 0
034 000700 Y
035 000700 1
036 A000700 N
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037 000700 N
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039 000700 Y
040 000700 Y
041 000700 Y
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043 000700 12
044 000700 0
045 000700 Y
046 000700 N
047 000700 Y
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048 B020700 0.000
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048 C020700 0.000
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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 0
048 K020700 0.000
049 000700 N
050 000700 N
<PAGE> PAGE 43
051 000700 N
052 000700 N
053 A000700 Y
053 B000700 N
053 C000700 N
055 A000700 N
055 B000700 N
056 000700 N
057 000700 N
062 A000700 Y
062 B000700 0.0
062 C000700 0.0
062 D000700 10.1
062 E000700 0.0
062 F000700 0.0
062 G000700 0.0
062 H000700 0.0
062 I000700 0.0
062 J000700 0.0
062 K000700 0.0
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062 M000700 0.0
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062 Q000700 0.0
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063 A000700 0
063 B000700 8.3
064 A000700 Y
064 B000700 N
066 A000700 N
067 000700 N
068 A000700 N
068 B000700 N
069 000700 N
070 A010700 Y
070 A020700 Y
070 B010700 Y
070 B020700 N
070 C010700 Y
070 C020700 N
070 D010700 Y
070 D020700 N
070 E010700 Y
070 E020700 N
070 F010700 Y
070 F020700 N
070 G010700 Y
070 G020700 N
070 H010700 Y
<PAGE> PAGE 44
070 H020700 N
070 I010700 N
070 I020700 N
070 J010700 Y
070 J020700 Y
070 K010700 N
070 K020700 N
070 L010700 Y
070 L020700 N
070 M010700 Y
070 M020700 N
070 N010700 Y
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 82209
071 B000700 78279
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072 A000700 12
072 B000700 5117
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<PAGE> PAGE 45
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072BB000700 4205
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072DD010700 4448
072DD020700 214
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073 A020700 0.6733
073 B000700 0.0154
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074 B000700 5776
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074 R040700 58
074 S000700 0
074 T000700 57363
074 U010700 6033
074 U020700 355
074 V010700 8.98
074 V020700 8.97
074 W000700 0.0000
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075 A000700 0
075 B000700 56270
076 000700 0.00
080 A000700 NATIONAL UNION FIRE INSURANCE CO
080 C000700 400
081 A000700 Y
081 B000700 14
082 A000700 Y
082 B000700 100
083 A000700 N
<PAGE> PAGE 46
083 B000700 0
084 A000700 N
084 B000700 0
085 A000700 Y
085 B000700 N
028 A010800 336
028 A020800 319
028 A030800 0
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028 B010800 68
028 B020800 348
028 B030800 0
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028 C020800 345
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028 F020800 351
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028 G020800 2056
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028 G040800 1055
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029 000800 Y
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032 000800 0
033 000800 0
034 000800 N
035 000800 0
036 B000800 0
037 000800 N
038 000800 0
039 000800 Y
040 000800 N
041 000800 N
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<PAGE> PAGE 47
042 B000800 0
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042 E000800 0
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048 E020800 0.000
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048 F020800 0.000
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048 H020800 0.000
048 I010800 0
048 I020800 0.000
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048 J020800 0.000
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048 K020800 0.000
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050 000800 N
051 000800 N
052 000800 N
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053 B000800 N
053 C000800 N
055 A000800 N
055 B000800 N
056 000800 N
057 000800 N
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062 C000800 0.0
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<PAGE> PAGE 48
062 F000800 0.0
062 G000800 0.0
062 H000800 0.0
062 I000800 0.0
062 J000800 0.0
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063 A000800 0
063 B000800 14.7
064 A000800 Y
064 B000800 N
066 A000800 N
067 000800 N
068 A000800 N
068 B000800 N
069 000800 N
070 A010800 Y
070 A020800 Y
070 B010800 N
070 B020800 N
070 C010800 Y
070 C020800 N
070 D010800 N
070 D020800 N
070 E010800 Y
070 E020800 N
070 F010800 N
070 F020800 N
070 G010800 Y
070 G020800 N
070 H010800 N
070 H020800 N
070 I010800 N
070 I020800 N
070 J010800 Y
070 J020800 N
070 K010800 N
070 K020800 N
070 L010800 N
070 L020800 N
070 M010800 N
070 M020800 N
070 N010800 Y
070 N020800 N
070 O010800 Y
<PAGE> PAGE 49
070 O020800 N
070 P010800 N
070 P020800 N
070 Q010800 N
070 Q020800 N
070 R010800 N
070 R020800 N
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071 B000800 128781
071 C000800 89247
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072 B000800 4398
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<PAGE> PAGE 50
074 D000800 96124
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076 000800 0.00
080 A000800 NATIONAL UNION FIRE INSURANCE CO
080 C000800 400
081 A000800 Y
081 B000800 14
082 A000800 Y
082 B000800 100
083 A000800 N
083 B000800 0
084 A000800 N
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085 B000800 N
028 A010900 167302
028 A020900 1025
028 A030900 0
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028 B010900 140693
028 B020900 1149
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<PAGE> PAGE 51
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028 F010900 142160
028 F020900 1528
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028 G020900 7494
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048 B020900 0.000
<PAGE> PAGE 52
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048 E020900 0.000
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048 G020900 0.000
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048 H020900 0.000
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048 I020900 0.000
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048 J020900 0.000
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048 K020900 0.000
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053 C000900 N
055 A000900 N
055 B000900 N
056 000900 N
057 000900 N
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062 E000900 0.0
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<PAGE> PAGE 53
066 A000900 N
067 000900 N
068 A000900 N
068 B000900 N
069 000900 N
070 A010900 Y
070 A020900 Y
070 B010900 N
070 B020900 N
070 C010900 N
070 C020900 N
070 D010900 N
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 Y
070 J020900 N
070 K010900 N
070 K020900 N
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
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<PAGE> PAGE 54
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<PAGE> PAGE 55
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080 A000900 NATIONAL UNION FIRE INSURANCE CO
080 C000900 600
081 A000900 Y
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082 A000900 Y
082 B000900 100
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SIGNATURE FRANK PEPE
TITLE TREASURER
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
THE GUARDIAN PARK AVENUE FUND CLASS A
This schedule contains financial information extracted from the "Annual
Report to Shareholders" dated December 31,1999, and is qualified in its
entirety by reference to such financial statements.
</LEGEND>
<CIK> 0000837910
<NAME> THE PARK AVENUE PORTFOLIO
<SERIES>
<NUMBER> 011
<NAME> THE GUARDIAN PARK AVENUE FUND CLASS A
<MULTIPLIER> 1,000
<S> <C>
<PERIOD-TYPE> YEAR
<FISCAL-YEAR-END> DEC-31-1999
<PERIOD-END> DEC-31-1999
<INVESTMENTS-AT-COST> 2,480,343
<INVESTMENTS-AT-VALUE> 3,864,638
<RECEIVABLES> 4,455
<ASSETS-OTHER> 15
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 3,869,108
<PAYABLE-FOR-SECURITIES> 19,396
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 7,227
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<SENIOR-EQUITY> 648
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<ACCUMULATED-NII-CURRENT> 269
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 136,239
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 1,384,295
<NET-ASSETS> 3,334,722<F1>
<DIVIDEND-INCOME> 26,374
<INTEREST-INCOME> 8,016
<OTHER-INCOME> 0
<EXPENSES-NET> 30,146
<NET-INVESTMENT-INCOME> 4,244
<REALIZED-GAINS-CURRENT> 507,877
<APPREC-INCREASE-CURRENT> 419,284
<NET-CHANGE-FROM-OPS> 931,405
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 4,338<F1>
<DISTRIBUTIONS-OF-GAINS> 389,011<F1>
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 27,359<F1>
<NUMBER-OF-SHARES-REDEEMED> (35,554)<F1>
<SHARES-REINVESTED> 6,674<F1>
<NET-CHANGE-IN-ASSETS> (16,675)
<ACCUMULATED-NII-PRIOR> 363
<ACCUMULATED-GAINS-PRIOR> 76,526
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 17,021
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 30,146
<AVERAGE-NET-ASSETS> 2,983,015<F1>
<PER-SHARE-NAV-BEGIN> 51.88<F1>
<PER-SHARE-NII> 0.13<F1>
<PER-SHARE-GAIN-APPREC> 15.04<F1>
<PER-SHARE-DIVIDEND> (0.08)<F1>
<PER-SHARE-DISTRIBUTIONS> (7.55)<F1>
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 59.42<F1>
<EXPENSE-RATIO> 0.77<F1>
<FN>
<F1>Class A only. All other data are on a fund level.
</FN>
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
THE GUARDIAN PARK AVENUE FUND CLASS B
This schedule contains financial information extracted from the "Annual
Report to Shareholders" dated December 31,1999, and is qualified in its
entirety by reference to such fianancial statements.
</LEGEND>
<CIK> 0000837910
<NAME> THE PARK AVENUE PORTFOLIO
<SERIES>
<NUMBER> 012
<NAME> THE GUARDIAN PARK AVENUE FUND CLASS B
<MULTIPLIER> 1,000
<S> <C>
<PERIOD-TYPE> YEAR
<FISCAL-YEAR-END> DEC-31-1999
<PERIOD-END> DEC-31-1999
<INVESTMENTS-AT-COST> 2,480,343
<INVESTMENTS-AT-VALUE> 3,864,638
<RECEIVABLES> 4,455
<ASSETS-OTHER> 15
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 3,869,108
<PAYABLE-FOR-SECURITIES> 19,396
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 7,227
<TOTAL-LIABILITIES> 26,623
<SENIOR-EQUITY> 648
<PAID-IN-CAPITAL-COMMON> 2,321,034
<SHARES-COMMON-STOCK> 8,670<F1>
<SHARES-COMMON-PRIOR> 7,549<F1>
<ACCUMULATED-NII-CURRENT> 269
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 136,239
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 1,384,295
<NET-ASSETS> 507,763<F1>
<DIVIDEND-INCOME> 26,374
<INTEREST-INCOME> 8,016
<OTHER-INCOME> 0
<EXPENSES-NET> 30,146
<NET-INVESTMENT-INCOME> 4,244
<REALIZED-GAINS-CURRENT> 507,877
<APPREC-INCREASE-CURRENT> 419,284
<NET-CHANGE-FROM-OPS> 931,405
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0<F1>
<DISTRIBUTIONS-OF-GAINS> 59,152<F1>
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 1,279<F1>
<NUMBER-OF-SHARES-REDEEMED> (1,162)<F1>
<SHARES-REINVESTED> 1,004<F1>
<NET-CHANGE-IN-ASSETS> (16,675)
<ACCUMULATED-NII-PRIOR> 363
<ACCUMULATED-GAINS-PRIOR> 76,526
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 17,021
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 30,146
<AVERAGE-NET-ASSETS> 421,224<F1>
<PER-SHARE-NAV-BEGIN> 51.59<F1>
<PER-SHARE-NII> (0.31)<F1>
<PER-SHARE-GAIN-APPREC> 14.84<F1>
<PER-SHARE-DIVIDEND> 0<F1>
<PER-SHARE-DISTRIBUTIONS> (7.55)<F1>
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 58.57<F1>
<EXPENSE-RATIO> 1.67<F1>
<FN>
<F1>Class B only. All other data are on a fund level.
</FN>
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
THE GUARDIAN PARK AVENUE SMALL CAP FUND CLASS A
This schedule contains financial information extracted from the "Annual
Report to Shareholders" dated December 31, 1999, and is qualified in its
entirety by reference to such financial statements.
</LEGEND>
<CIK> 0000837910
<NAME> THE PARK AVENUE PORTFOLIO
<SERIES>
<NUMBER> 071
<NAME> THE GUARDIAN PARK AVENUE SMALL CAP CLASS A
<MULTIPLIER> 1,000
<S> <C>
<PERIOD-TYPE> YEAR
<FISCAL-YEAR-END> DEC-31-1999
<PERIOD-END> DEC-31-1999
<INVESTMENTS-AT-COST> 91,811
<INVESTMENTS-AT-VALUE> 139,432
<RECEIVABLES> 2,509
<ASSETS-OTHER> 7
<OTHER-ITEMS-ASSETS> 23
<TOTAL-ASSETS> 141,971
<PAYABLE-FOR-SECURITIES> 48
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 461
<TOTAL-LIABILITIES> 509
<SENIOR-EQUITY> 81
<PAID-IN-CAPITAL-COMMON> 105,495
<SHARES-COMMON-STOCK> 6,809<F1>
<SHARES-COMMON-PRIOR> 9,959<F1>
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 721
<ACCUMULATED-NET-GAINS> 0
<OVERDISTRIBUTION-GAINS> 11,014
<ACCUM-APPREC-OR-DEPREC> 47,621
<NET-ASSETS> 119,032<F1>
<DIVIDEND-INCOME> 671
<INTEREST-INCOME> 334
<OTHER-INCOME> 0
<EXPENSES-NET> 1,726
<NET-INVESTMENT-INCOME> (721)
<REALIZED-GAINS-CURRENT> 5,067
<APPREC-INCREASE-CURRENT> 30,726
<NET-CHANGE-FROM-OPS> 35,072
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0<F1>
<DISTRIBUTIONS-OF-GAINS> 0<F1>
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 9,335<F1>
<NUMBER-OF-SHARES-REDEEMED> (12,485)<F1>
<SHARES-REINVESTED> 0<F1>
<NET-CHANGE-IN-ASSETS> (8,185)
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 16,081
<GROSS-ADVISORY-FEES> 872
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 1,726
<AVERAGE-NET-ASSETS> 97,716<F1>
<PER-SHARE-NAV-BEGIN> 12.80<F1>
<PER-SHARE-NII> (0.07)<F1>
<PER-SHARE-GAIN-APPREC> 4.75<F1>
<PER-SHARE-DIVIDEND> 0<F1>
<PER-SHARE-DISTRIBUTIONS> 0<F1>
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 17.48<F1>
<EXPENSE-RATIO> 1.34<F1>
<FN>
<F1>Class A shares only. All other data on a fund level.
</FN>
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
THE GUARDIAN PARK AVENUE SMALL CAP FUND CLASS B
This schedule contains financial information extracted from the "Annual
Report to Shareholders" dated December 31, 1999, and is qualified in its
entirety by reference to such financial statements.
</LEGEND>
<CIK> 0000837910
<NAME> THE PARK AVENUE PORTFOLIO
<SERIES>
<NUMBER> 072
<NAME> THE GUARDIAN PARK AVENUE SMALL CAP FUND CLASS B
<MULTIPLIER> 1,000
<S> <C>
<PERIOD-TYPE> YEAR
<FISCAL-YEAR-END> DEC-31-1999
<PERIOD-END> DEC-31-1999
<INVESTMENTS-AT-COST> 91,811
<INVESTMENTS-AT-VALUE> 139,432
<RECEIVABLES> 2,509
<ASSETS-OTHER> 7
<OTHER-ITEMS-ASSETS> 23
<TOTAL-ASSETS> 141,971
<PAYABLE-FOR-SECURITIES> 48
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 461
<TOTAL-LIABILITIES> 509
<SENIOR-EQUITY> 81
<PAID-IN-CAPITAL-COMMON> 105,495
<SHARES-COMMON-STOCK> 1,315<F1>
<SHARES-COMMON-PRIOR> 1,754<F1>
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 721
<ACCUMULATED-NET-GAINS> 0
<OVERDISTRIBUTION-GAINS> 11,014
<ACCUM-APPREC-OR-DEPREC> 47,621
<NET-ASSETS> 22,430<F1>
<DIVIDEND-INCOME> 671
<INTEREST-INCOME> 334
<OTHER-INCOME> 0
<EXPENSES-NET> 1,726
<NET-INVESTMENT-INCOME> (721)
<REALIZED-GAINS-CURRENT> 5,067
<APPREC-INCREASE-CURRENT> 30,726
<NET-CHANGE-FROM-OPS> 35,072
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0<F1>
<DISTRIBUTIONS-OF-GAINS> 0<F1>
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 246<F1>
<NUMBER-OF-SHARES-REDEEMED> (685)<F1>
<SHARES-REINVESTED> 0<F1>
<NET-CHANGE-IN-ASSETS> (8,185)
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 16,081
<GROSS-ADVISORY-FEES> 872
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 1,726
<AVERAGE-NET-ASSETS> 18,599<F1>
<PER-SHARE-NAV-BEGIN> 12.61<F1>
<PER-SHARE-NII> (0.19)<F1>
<PER-SHARE-GAIN-APPREC> 4.64<F1>
<PER-SHARE-DIVIDEND> 0<F1>
<PER-SHARE-DISTRIBUTIONS> 0<F1>
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 17.06<F1>
<EXPENSE-RATIO> 2.23<F1>
<FN>
<F1>Class B shares only. All other data on a fund level.
</FN>
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
THE GUARDIAN ASSET ALLOCATION FUND CLASS A
This schedule contains financial information extracted from the "Annual
Report to Shareholders" dated December 31, 1999, and is qualified in its
entirety by reference to such financial statements.
</LEGEND>
<CIK> 0000837910
<NAME> THE PARK AVENUE PORTFOLIO
<SERIES>
<NUMBER> 021
<NAME> THE GUARDIAN ASSET ALLOCATION FUND CLASS A
<MULTIPLIER> 1,000
<S> <C>
<PERIOD-TYPE> YEAR
<FISCAL-YEAR-END> DEC-31-1999
<PERIOD-END> DEC-31-1999
<INVESTMENTS-AT-COST> 252,125
<INVESTMENTS-AT-VALUE> 268,465
<RECEIVABLES> 410
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 268,875
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 930
<TOTAL-LIABILITIES> 930
<SENIOR-EQUITY> 181
<PAID-IN-CAPITAL-COMMON> 238,650
<SHARES-COMMON-STOCK> 15,366<F1>
<SHARES-COMMON-PRIOR> 13,183<F1>
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 58
<ACCUMULATED-NET-GAINS> 13,615
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 15,557
<NET-ASSETS> 227,031<F1>
<DIVIDEND-INCOME> 2,676
<INTEREST-INCOME> 4,556
<OTHER-INCOME> 0
<EXPENSES-NET> 1,458
<NET-INVESTMENT-INCOME> 5,774
<REALIZED-GAINS-CURRENT> 33,936
<APPREC-INCREASE-CURRENT> (8,797)
<NET-CHANGE-FROM-OPS> 30,913
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 5,299<F1>
<DISTRIBUTIONS-OF-GAINS> 20,935<F1>
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 3,070<F1>
<NUMBER-OF-SHARES-REDEEMED> (2,646)<F1>
<SHARES-REINVESTED> 1,759<F1>
<NET-CHANGE-IN-ASSETS> 45,134
<ACCUMULATED-NII-PRIOR> 48
<ACCUMULATED-GAINS-PRIOR> 4,273
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 1,367
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 2,660
<AVERAGE-NET-ASSETS> 210,337<F1>
<PER-SHARE-NAV-BEGIN> 14.78<F1>
<PER-SHARE-NII> 0.37<F1>
<PER-SHARE-GAIN-APPREC> 1.47<F1>
<PER-SHARE-DIVIDEND> (0.37)<F1>
<PER-SHARE-DISTRIBUTIONS> (1.48)<F1>
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 14.77<F1>
<EXPENSE-RATIO> 0.48<F1>
<FN>
<F1>Class A shares only. All other data on a fund level.
</FN>
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
THE GUARDIAN ASSET ALLOCATION FUND CLASS B
This schedule contains financial information extracted from the "Annual
Report to Shareholders" dated December 31, 1999, and is qualified in its
entirety by reference to such finanacial statements.
</LEGEND>
<CIK> 0000837910
<NAME> THE PARK AVENUE PORTFOLIO
<SERIES>
<NUMBER> 022
<NAME> THE GUARDIAN ASSET ALLOCATION FUND CLASS B
<MULTIPLIER> 1,000
<S> <C>
<PERIOD-TYPE> YEAR
<FISCAL-YEAR-END> DEC-31-1999
<PERIOD-END> DEC-31-1999
<INVESTMENTS-AT-COST> 252,125
<INVESTMENTS-AT-VALUE> 268,465
<RECEIVABLES> 410
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 268,875
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 930
<TOTAL-LIABILITIES> 930
<SENIOR-EQUITY> 181
<PAID-IN-CAPITAL-COMMON> 238,650
<SHARES-COMMON-STOCK> 2,779<F1>
<SHARES-COMMON-PRIOR> 1,870<F1>
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 58
<ACCUMULATED-NET-GAINS> 13,615
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 15,557
<NET-ASSETS> 40,914<F1>
<DIVIDEND-INCOME> 2,676
<INTEREST-INCOME> 4,556
<OTHER-INCOME> 0
<EXPENSES-NET> 1,458
<NET-INVESTMENT-INCOME> 5,774
<REALIZED-GAINS-CURRENT> 33,936
<APPREC-INCREASE-CURRENT> (8,797)
<NET-CHANGE-FROM-OPS> 30,913
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 581<F1>
<DISTRIBUTIONS-OF-GAINS> 3,659<F1>
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 916<F1>
<NUMBER-OF-SHARES-REDEEMED> (292)<F1>
<SHARES-REINVESTED> 285<F1>
<NET-CHANGE-IN-ASSETS> 45,134
<ACCUMULATED-NII-PRIOR> 48
<ACCUMULATED-GAINS-PRIOR> 4,273
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 1,367
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 2,660
<AVERAGE-NET-ASSETS> 33,894<F1>
<PER-SHARE-NAV-BEGIN> 14.73<F1>
<PER-SHARE-NII> 0.23<F1>
<PER-SHARE-GAIN-APPREC> 1.47<F1>
<PER-SHARE-DIVIDEND> (0.23)<F1>
<PER-SHARE-DISTRIBUTIONS> (1.48)<F1>
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 14.72<F1>
<EXPENSE-RATIO> 1.31<F1>
<FN>
<F1>Class B shares only. All other data on a fund level.
</FN>
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
THE GUARDIAN BAILLIE GIFFORD INTERNATIONAL FUND CLASS A
This schedule contains financial information extracted from the "Annual
Report to Shareholders" dated December 31, 1999, and is qualified in its
entirety by reference to such financial statements.
</LEGEND>
<CIK> 0000837910
<NAME> THE PARK AVENUE PORTFOLIO
<SERIES>
<NUMBER> 031
<NAME> THE GUARDIAN BAILLIE GIFFORD INTERNATIONAL FUND CLASS A
<S> <C>
<PERIOD-TYPE> YEAR
<FISCAL-YEAR-END> DEC-31-1999
<PERIOD-END> DEC-31-1999
<INVESTMENTS-AT-COST> 106,282
<INVESTMENTS-AT-VALUE> 164,370
<RECEIVABLES> 175
<ASSETS-OTHER> 135
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 164,680
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 330
<TOTAL-LIABILITIES> 330
<SENIOR-EQUITY> 71
<PAID-IN-CAPITAL-COMMON> 105,491
<SHARES-COMMON-STOCK> 6,366<F1>
<SHARES-COMMON-PRIOR> 5,100<F1>
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 959
<ACCUMULATED-NET-GAINS> 1,680
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 58,067
<NET-ASSETS> 148,727<F1>
<DIVIDEND-INCOME> 1,573
<INTEREST-INCOME> 162
<OTHER-INCOME> 0
<EXPENSES-NET> 1,886
<NET-INVESTMENT-INCOME> (151)
<REALIZED-GAINS-CURRENT> 11,939
<APPREC-INCREASE-CURRENT> 33,879
<NET-CHANGE-FROM-OPS> 45,667
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 201<F1>
<DISTRIBUTIONS-OF-GAINS> 10,008<F1>
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 10,793<F1>
<NUMBER-OF-SHARES-REDEEMED> (9,917)<F1>
<SHARES-REINVESTED> 390<F1>
<NET-CHANGE-IN-ASSETS> 60,262
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 854
<OVERDISTRIB-NII-PRIOR> 607
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 983
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 1,886
<AVERAGE-NET-ASSETS> 111,123<F1>
<PER-SHARE-NAV-BEGIN> 18.41<F1>
<PER-SHARE-NII> 0.01<F1>
<PER-SHARE-GAIN-APPREC> 6.68<F1>
<PER-SHARE-DIVIDEND> (0.03)<F1>
<PER-SHARE-DISTRIBUTIONS> (1.71)<F1>
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 23.36<F1>
<EXPENSE-RATIO> 1.44<F1>
<FN>
<F1>Class A shares only. All other data are on a fund level.
</FN>
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
THE GUARDIAN BAILLIE GIFFORD INTERNATIONAL FUND CLASS B
This schedule contains financial information extracted from the "Annual
Report to Shareholders" dated December 31,1999, and is qualified in its
entirety by reference to such financial statements.
</LEGEND>
<CIK> 0000837910
<NAME> THE PARK AVENUE PORTFOLIO
<SERIES>
<NUMBER> 032
<NAME> THE GUARDIAN BAILLIE GIFFORD INTERNATIONAL FUND CLASS B
<MULTIPLIER> 1,000
<S> <C>
<PERIOD-TYPE> YEAR
<FISCAL-YEAR-END> DEC-31-1999
<PERIOD-END> DEC-31-1999
<INVESTMENTS-AT-COST> 106,282
<INVESTMENTS-AT-VALUE> 164,370
<RECEIVABLES> 175
<ASSETS-OTHER> 135
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 164,680
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 330
<TOTAL-LIABILITIES> 330
<SENIOR-EQUITY> 71
<PAID-IN-CAPITAL-COMMON> 105,491
<SHARES-COMMON-STOCK> 691<F1>
<SHARES-COMMON-PRIOR> 569<F1>
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 959
<ACCUMULATED-NET-GAINS> 1,680
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 58,067
<NET-ASSETS> 15,623<F1>
<DIVIDEND-INCOME> 1,573
<INTEREST-INCOME> 162
<OTHER-INCOME> 0
<EXPENSES-NET> 1,886
<NET-INVESTMENT-INCOME> (151)
<REALIZED-GAINS-CURRENT> 11,939
<APPREC-INCREASE-CURRENT> 33,879
<NET-CHANGE-FROM-OPS> 45,667
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0<F1>
<DISTRIBUTIONS-OF-GAINS> 1,106<F1>
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 144<F1>
<NUMBER-OF-SHARES-REDEEMED> (74)<F1>
<SHARES-REINVESTED> 52<F1>
<NET-CHANGE-IN-ASSETS> 60,262
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 854
<OVERDISTRIB-NII-PRIOR> 607
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 983
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 1,886
<AVERAGE-NET-ASSETS> 11,743<F1>
<PER-SHARE-NAV-BEGIN> 17.97<F1>
<PER-SHARE-NII> (0.12)<F1>
<PER-SHARE-GAIN-APPREC> 6.47<F1>
<PER-SHARE-DIVIDEND> 0<F1>
<PER-SHARE-DISTRIBUTIONS> (1.71)<F1>
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 22.61<F1>
<EXPENSE-RATIO> 2.45<F1>
<FN>
<F1>Class B shares only. All other data are on a fund level.
</FN>
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
THE GUARDIAN BAILLIE GIFFORD EMERGING MARKETS FUND CLASS A
This schedule contains financial information extracted from the "Annual
Report to Shareholders" dated December 31, 1999, and is qualified in its
entirety by reference to such financial statements.
</LEGEND>
<CIK> 0000837910
<NAME> THE PARK AVENUE PORTFOLIO
<SERIES>
<NUMBER> 081
<NAME> THE GUARDIAN BAILLIE GIFFORD EMERGING MKTS FD CL A
<MULTIPLIER> 1,000
<S> <C>
<PERIOD-TYPE> YEAR
<FISCAL-YEAR-END> DEC-31-1999
<PERIOD-END> DEC-31-1999
<INVESTMENTS-AT-COST> 24,568
<INVESTMENTS-AT-VALUE> 35,130
<RECEIVABLES> 84
<ASSETS-OTHER> 138
<OTHER-ITEMS-ASSETS> 12
<TOTAL-ASSETS> 35,364
<PAYABLE-FOR-SECURITIES> 105
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 0
<TOTAL-LIABILITIES> 105
<SENIOR-EQUITY> 32
<PAID-IN-CAPITAL-COMMON> 31,037
<SHARES-COMMON-STOCK> 2,960<F1>
<SHARES-COMMON-PRIOR> 2,455<F1>
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 833
<ACCUMULATED-NET-GAINS> 0
<OVERDISTRIBUTION-GAINS> 5,534
<ACCUM-APPREC-OR-DEPREC> 10,557
<NET-ASSETS> 32,939<F1>
<DIVIDEND-INCOME> 267
<INTEREST-INCOME> 38
<OTHER-INCOME> 0
<EXPENSES-NET> 585
<NET-INVESTMENT-INCOME> (280)
<REALIZED-GAINS-CURRENT> 610
<APPREC-INCREASE-CURRENT> 13,245
<NET-CHANGE-FROM-OPS> 13,575
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 513<F1>
<DISTRIBUTIONS-OF-GAINS> 0<F1>
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 622<F1>
<NUMBER-OF-SHARES-REDEEMED> (165)<F1>
<SHARES-REINVESTED> 48<F1>
<NET-CHANGE-IN-ASSETS> 17,551
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 49
<OVERDIST-NET-GAINS-PRIOR> 6,144
<GROSS-ADVISORY-FEES> 223
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 585
<AVERAGE-NET-ASSETS> 20,685<F1>
<PER-SHARE-NAV-BEGIN> 6.66<F1>
<PER-SHARE-NII> (0.07)<F1>
<PER-SHARE-GAIN-APPREC> 4.72<F1>
<PER-SHARE-DIVIDEND> (0.18)<F1>
<PER-SHARE-DISTRIBUTIONS> 0<F1>
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 11.13<F1>
<EXPENSE-RATIO> 2.43<F1>
<FN>
<F1>Class A shares only. All other data are on a fund level.
</FN>
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
THE GUARDIAN BAILLIE GIFFORD EMERGING MARKETS FUND CLASS B
This schedule contains financial information extracted from the "Annual
Report to Shareholders" dated December 31, 1999, and is qualified in its
entirety by reference to such financial statements.
</LEGEND>
<CIK> 0000837910
<NAME> THE PARK AVENUE PORTFOLIO
<SERIES>
<NUMBER> 082
<NAME> THE GUARDIAN BAILLIE GIFFORD EMERGING MKTS FD CL B
<MULTIPLIER> 1,000
<S> <C>
<PERIOD-TYPE> YEAR
<FISCAL-YEAR-END> DEC-31-1999
<PERIOD-END> DEC-31-1999
<INVESTMENTS-AT-COST> 24,568
<INVESTMENTS-AT-VALUE> 35,130
<RECEIVABLES> 84
<ASSETS-OTHER> 138
<OTHER-ITEMS-ASSETS> 23
<TOTAL-ASSETS> 35,364
<PAYABLE-FOR-SECURITIES> 105
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 0
<TOTAL-LIABILITIES> 105
<SENIOR-EQUITY> 32
<PAID-IN-CAPITAL-COMMON> 31,037
<SHARES-COMMON-STOCK> 218<F1>
<SHARES-COMMON-PRIOR> 212<F1>
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 833
<ACCUMULATED-NET-GAINS> 0
<OVERDISTRIBUTION-GAINS> 5,534
<ACCUM-APPREC-OR-DEPREC> 10,557
<NET-ASSETS> 2,320<F1>
<DIVIDEND-INCOME> 267
<INTEREST-INCOME> 38
<OTHER-INCOME> 0
<EXPENSES-NET> 585
<NET-INVESTMENT-INCOME> (280)
<REALIZED-GAINS-CURRENT> 610
<APPREC-INCREASE-CURRENT> 13,245
<NET-CHANGE-FROM-OPS> 13,575
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0<F1>
<DISTRIBUTIONS-OF-GAINS> 0<F1>
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 22<F1>
<NUMBER-OF-SHARES-REDEEMED> (16)<F1>
<SHARES-REINVESTED> 0<F1>
<NET-CHANGE-IN-ASSETS> 17,551
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 49
<OVERDIST-NET-GAINS-PRIOR> 6,144
<GROSS-ADVISORY-FEES> 223
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 585
<AVERAGE-NET-ASSETS> 1,621<F1>
<PER-SHARE-NAV-BEGIN> 6.44<F1>
<PER-SHARE-NII> (0.27)<F1>
<PER-SHARE-GAIN-APPREC> 4.48<F1>
<PER-SHARE-DIVIDEND> 0<F1>
<PER-SHARE-DISTRIBUTIONS> 0<F1>
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 10.65<F1>
<EXPENSE-RATIO> 5.07<F1>
<FN>
<F1>Class B shares only. All other data are on a fund level.
</FN>
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
THE GUARDIAN INVESTMENT QUALITY BOND FUND
This schedule contains financial information extracted from the "Annual
Report to Shareholders" dated December 31, 1999, and is qualified in its
entirety by reference to such financial statements.
</LEGEND>
<CIK> 0000837910
<NAME> THE PARK AVENUE PORTFOLIO
<SERIES>
<NUMBER> 04
<NAME> THE GUARDIAN INVESTMENT QUALITY BOND FUND
<MULTIPLIER> 1,000
<S> <C>
<PERIOD-TYPE> YEAR
<FISCAL-YEAR-END> DEC-31-1999
<PERIOD-END> DEC-31-1999
<INVESTMENTS-AT-COST> 173,970
<INVESTMENTS-AT-VALUE> 169,319
<RECEIVABLES> 4,764
<ASSETS-OTHER> 34
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 174,117
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 34,456
<TOTAL-LIABILITIES> 34,456
<SENIOR-EQUITY> 149
<PAID-IN-CAPITAL-COMMON> 147,801
<SHARES-COMMON-STOCK> 14,968
<SHARES-COMMON-PRIOR> 14,233
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 0
<OVERDISTRIBUTION-GAINS> 3,638
<ACCUM-APPREC-OR-DEPREC> (4,651)
<NET-ASSETS> 139,661
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 8,929
<OTHER-INCOME> 0
<EXPENSES-NET> 1,154
<NET-INVESTMENT-INCOME> 7,775
<REALIZED-GAINS-CURRENT> (3,530)
<APPREC-INCREASE-CURRENT> (5,753)
<NET-CHANGE-FROM-OPS> (1,508)
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 7,775
<DISTRIBUTIONS-OF-GAINS> 429
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 4,251
<NUMBER-OF-SHARES-REDEEMED> (4,345)
<SHARES-REINVESTED> 829
<NET-CHANGE-IN-ASSETS> (2,538)
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 321
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 708
<INTEREST-EXPENSE> 20
<GROSS-EXPENSE> 1,332
<AVERAGE-NET-ASSETS> 141,574
<PER-SHARE-NAV-BEGIN> 9.99
<PER-SHARE-NII> 0.53
<PER-SHARE-GAIN-APPREC> (0.63)
<PER-SHARE-DIVIDEND> (0.53)
<PER-SHARE-DISTRIBUTIONS> (0.03)
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 9.33
<EXPENSE-RATIO> 0.81
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
THE GUARDIAN HIGH YIELD BOND FUND CLASS A
This schedule contains financial information extracted from the "Annual
Report to Shareholders" dated December 31, 1999, and is qualified in its
entirety by reference to such financial statements.
</LEGEND>
<CIK> 0000837910
<NAME> THE PARK AVENUE PORTFOLIO
<SERIES>
<NUMBER> 091
<NAME> THE GUARDIAN HIGH YIELD BOND FUND CLASS A
<MULTIPLIER> 1,000
<S> <C>
<PERIOD-TYPE> YEAR
<FISCAL-YEAR-END> DEC-31-1999
<PERIOD-END> DEC-31-1999
<INVESTMENTS-AT-COST> 57,385
<INVESTMENTS-AT-VALUE> 56,839
<RECEIVABLES> 1,219
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 58,058
<PAYABLE-FOR-SECURITIES> 696
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 0
<TOTAL-LIABILITIES> 696
<SENIOR-EQUITY> 64
<PAID-IN-CAPITAL-COMMON> 62,049
<SHARES-COMMON-STOCK> 6,033<F1>
<SHARES-COMMON-PRIOR> 5,214<F1>
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 0
<OVERDISTRIBUTION-GAINS> 4,205
<ACCUM-APPREC-OR-DEPREC> (546)
<NET-ASSETS> 54,178<F1>
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 5,117
<OTHER-INCOME> 0
<EXPENSES-NET> 455
<NET-INVESTMENT-INCOME> 4,662
<REALIZED-GAINS-CURRENT> (4,205)
<APPREC-INCREASE-CURRENT> (825)
<NET-CHANGE-FROM-OPS> (368)
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 4,448<F1>
<DISTRIBUTIONS-OF-GAINS> 88<F1>
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 489<F1>
<NUMBER-OF-SHARES-REDEEMED> (154)<F1>
<SHARES-REINVESTED> 484<F1>
<NET-CHANGE-IN-ASSETS> 3,591
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 92
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 338
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 700
<AVERAGE-NET-ASSETS> 53,307<F1>
<PER-SHARE-NAV-BEGIN> 9.84<F1>
<PER-SHARE-NII> 0.78<F1>
<PER-SHARE-GAIN-APPREC> (0.84)<F1>
<PER-SHARE-DIVIDEND> (0.78)<F1>
<PER-SHARE-DISTRIBUTIONS> (0.02)<F1>
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 8.98<F1>
<EXPENSE-RATIO> 0.75<F1>
<FN>
<F1>Class A shares only. All other data are on a fund level.
</FN>
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
THE GUARDIAN HIGH YIELD BOND FUND CLASS B
This schedule contains financial information extracted from the "Annual
Report to Shareholders" dated December 31, 1999, and is qualified in its
entirety by reference to such financial statements.
</LEGEND>
<CIK> 0000837910
<NAME> THE PARK AVENUE PORTFOLIO
<SERIES>
<NUMBER> 092
<NAME> THE GUARDIAN HIGH YIELD BOND FUND CLASS B
<MULTIPLIER> 1,000
<S> <C>
<PERIOD-TYPE> YEAR
<FISCAL-YEAR-END> DEC-31-1999
<PERIOD-END> DEC-31-1999
<INVESTMENTS-AT-COST> 57,385
<INVESTMENTS-AT-VALUE> 56,839
<RECEIVABLES> 1,219
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 58,058
<PAYABLE-FOR-SECURITIES> 696
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 0
<TOTAL-LIABILITIES> 696
<SENIOR-EQUITY> 64
<PAID-IN-CAPITAL-COMMON> 62,049
<SHARES-COMMON-STOCK> 355<F1>
<SHARES-COMMON-PRIOR> 253<F1>
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 0
<OVERDISTRIBUTION-GAINS> 4,205
<ACCUM-APPREC-OR-DEPREC> (546)
<NET-ASSETS> 3,184<F1>
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 5,117
<OTHER-INCOME> 0
<EXPENSES-NET> 455
<NET-INVESTMENT-INCOME> 4,662
<REALIZED-GAINS-CURRENT> (4,205)
<APPREC-INCREASE-CURRENT> (825)
<NET-CHANGE-FROM-OPS> (368)
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 214<F1>
<DISTRIBUTIONS-OF-GAINS> 5<F1>
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 174<F1>
<NUMBER-OF-SHARES-REDEEMED> (95)<F1>
<SHARES-REINVESTED> 23<F1>
<NET-CHANGE-IN-ASSETS> 3,591
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 92
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 338
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 700
<AVERAGE-NET-ASSETS> 2,963<F1>
<PER-SHARE-NAV-BEGIN> 9.83<F1>
<PER-SHARE-NII> 0.67<F1>
<PER-SHARE-GAIN-APPREC> (0.84)<F1>
<PER-SHARE-DIVIDEND> (0.67)<F1>
<PER-SHARE-DISTRIBUTIONS> (0.02)<F1>
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 8.97<F1>
<EXPENSE-RATIO> 1.87<F1>
<FN>
<F1>Class B shares only. All other data are on a fund level.
</FN>
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
THE GUARDIAN TAX EXEMPT FUND
This schedule contains financial information extracted from the "Annual
Report to Shareholders" dated December 31, 1999, and is qualified in its
entirety by reference to such financial statements.
</LEGEND>
<CIK> 0000837910
<NAME> THE PARK AVENUE PORTFOLIO
<SERIES>
<NUMBER> 05
<NAME> THE GUARDIAN TAX EXEMPT FUND
<MULTIPLIER> 1,000
<S> <C>
<PERIOD-TYPE> YEAR
<FISCAL-YEAR-END> DEC-31-1999
<PERIOD-END> DEC-31-1999
<INVESTMENTS-AT-COST> 99,524
<INVESTMENTS-AT-VALUE> 96,124
<RECEIVABLES> 1,509
<ASSETS-OTHER> 389
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 98,022
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 114
<TOTAL-LIABILITIES> 114
<SENIOR-EQUITY> 104
<PAID-IN-CAPITAL-COMMON> 103,016
<SHARES-COMMON-STOCK> 10,419
<SHARES-COMMON-PRIOR> 6,978
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 0
<OVERDISTRIBUTION-GAINS> 1,812
<ACCUM-APPREC-OR-DEPREC> (3,400)
<NET-ASSETS> 97,908
<DIVIDEND-INCOME> 4,398
<INTEREST-INCOME> 0
<OTHER-INCOME> 0
<EXPENSES-NET> 712
<NET-INVESTMENT-INCOME> 3,686
<REALIZED-GAINS-CURRENT> (1,812)
<APPREC-INCREASE-CURRENT> (5,197)
<NET-CHANGE-FROM-OPS> (3,323)
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 3,686
<DISTRIBUTIONS-OF-GAINS> 42
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 3,626
<NUMBER-OF-SHARES-REDEEMED> (562)
<SHARES-REINVESTED> 377
<NET-CHANGE-IN-ASSETS> 27,188
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 42
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 448
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 839
<AVERAGE-NET-ASSETS> 89,586
<PER-SHARE-NAV-BEGIN> 10.13
<PER-SHARE-NII> 0.40
<PER-SHARE-GAIN-APPREC> (0.73)
<PER-SHARE-DIVIDEND> (0.40)
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 9.40
<EXPENSE-RATIO> 0.80
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
THE GUARDIAN CASH MANAGEMENT FUND CLASS A
This schedule contains financial information extracted from the "Annual
Report to Shareholders" dated December 31, 1999, and is qualified in its
entirety by reference to such financial statements.
</LEGEND>
<CIK> 0000837910
<NAME> THE PARK AVENUE PORTFOLIO
<SERIES>
<NUMBER> 061
<NAME> THE GUARDIAN CASH MANAGEMENT FUND CLASS A
<MULTIPLIER> 1,000
<S> <C>
<PERIOD-TYPE> YEAR
<FISCAL-YEAR-END> DEC-31-1999
<PERIOD-END> DEC-31-1999
<INVESTMENTS-AT-COST> 405,204
<INVESTMENTS-AT-VALUE> 405,204
<RECEIVABLES> 1,658
<ASSETS-OTHER> 74
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 406,936
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 3,048
<TOTAL-LIABILITIES> 3,048
<SENIOR-EQUITY> 4,039
<PAID-IN-CAPITAL-COMMON> 399,849
<SHARES-COMMON-STOCK> 390,106<F1>
<SHARES-COMMON-PRIOR> 225,997<F1>
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 0
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 0
<NET-ASSETS> 390,106<F1>
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 15,998
<OTHER-INCOME> 0
<EXPENSES-NET> 2,577
<NET-INVESTMENT-INCOME> 13,421
<REALIZED-GAINS-CURRENT> 0
<APPREC-INCREASE-CURRENT> 0
<NET-CHANGE-FROM-OPS> 13,421
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 12,863<F1>
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 1,842,678<F1>
<NUMBER-OF-SHARES-REDEEMED> (1,690,725)<F1>
<SHARES-REINVESTED> 12,156<F1>
<NET-CHANGE-IN-ASSETS> 165,462
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 1,522
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 2,976
<AVERAGE-NET-ASSETS> 291,728<F1>
<PER-SHARE-NAV-BEGIN> 1.0<F1>
<PER-SHARE-NII> 0.044<F1>
<PER-SHARE-GAIN-APPREC> 0<F1>
<PER-SHARE-DIVIDEND> (0.044)<F1>
<PER-SHARE-DISTRIBUTIONS> 0<F1>
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 1.0<F1>
<EXPENSE-RATIO> 0.85<F1>
<FN>
<F1>Class A shares only. All other data are on a fund level.
</FN>
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
THE GUARDIAN CASH MANAGEMENT FUND CLASS B
This schedule contains financial information extracted from the "Annual
Report to Shareholders" dated December 31, 1999, and is qualified in its
entirety by reference to such financial statements.
</LEGEND>
<CIK> 0000837910
<NAME> THE PARK AVENUE PORTFOLIO
<SERIES>
<NUMBER> 062
<NAME> THE GUARDIAN CASH MANAGEMENT FUND CLASS B
<MULTIPLIER> 1,000
<S> <C>
<PERIOD-TYPE> YEAR
<FISCAL-YEAR-END> DEC-31-1999
<PERIOD-END> DEC-31-1999
<INVESTMENTS-AT-COST> 405,204
<INVESTMENTS-AT-VALUE> 405,204
<RECEIVABLES> 1,658
<ASSETS-OTHER> 74
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 406,936
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 3,048
<TOTAL-LIABILITIES> 3,048
<SENIOR-EQUITY> 4,039
<PAID-IN-CAPITAL-COMMON> 399,849
<SHARES-COMMON-STOCK> 13,782<F1>
<SHARES-COMMON-PRIOR> 12,430<F1>
<ACCUMULATED-NII-CURRENT> 165,462
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 0
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 0
<NET-ASSETS> 13,782<F1>
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 15,998
<OTHER-INCOME> 0
<EXPENSES-NET> 2,577
<NET-INVESTMENT-INCOME> 13,421
<REALIZED-GAINS-CURRENT> 0
<APPREC-INCREASE-CURRENT> 0
<NET-CHANGE-FROM-OPS> 13,421
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 558<F1>
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 17,527<F1>
<NUMBER-OF-SHARES-REDEEMED> (16,670)<F1>
<SHARES-REINVESTED> 495<F1>
<NET-CHANGE-IN-ASSETS> 165,462
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 1,522
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 2,976
<AVERAGE-NET-ASSETS> 12,720
<PER-SHARE-NAV-BEGIN> 1.00<F1>
<PER-SHARE-NII> 0.044<F1>
<PER-SHARE-GAIN-APPREC> 0<F1>
<PER-SHARE-DIVIDEND> (0.044)<F1>
<PER-SHARE-DISTRIBUTIONS> 0<F1>
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 1.00<F1>
<EXPENSE-RATIO> 0.85<F1>
<FN>
<F1>Class B shares only. All other data are on a fund level.
</FN>
</TABLE>
