<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
This schedule contains summary financial
information extracted from FFTW
financial statements at June 30, 2000
and is qualified in its entirety by reference
to such financial statements.
</LEGEND>
<SERIES>
<NUMBER> 001
<NAME> U.S. Short-Term Portfolio
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> DEC-31-2000
<PERIOD-END> JUN-30-2000
<INVESTMENTS-AT-COST> 401,867,624
<INVESTMENTS-AT-VALUE> 400,902,519
<RECEIVABLES> 1,951,122
<ASSETS-OTHER> 442
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 402,854,083
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 161,277
<TOTAL-LIABILITIES> 161,277
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 421,162,449
<SHARES-COMMON-STOCK> 41,722,705
<SHARES-COMMON-PRIOR> 67,410,719
<ACCUMULATED-NII-CURRENT> 279,097
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 0
<OVERDISTRIBUTION-GAINS> 17,680,301
<ACCUM-APPREC-OR-DEPREC> (1,068,439)
<NET-ASSETS> 402,692,806
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 16,886,742
<OTHER-INCOME> 0
<EXPENSES-NET> 686,570
<NET-INVESTMENT-INCOME> 16,200,172
<REALIZED-GAINS-CURRENT> (709,248)
<APPREC-INCREASE-CURRENT> 823,406
<NET-CHANGE-FROM-OPS> 16,314,330
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 16,200,208
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 209,463,195
<NUMBER-OF-SHARES-REDEEMED> 236,800,694
<SHARES-REINVESTED> 1,649,485
<NET-CHANGE-IN-ASSETS> (247,754,134)
<ACCUMULATED-NII-PRIOR> 279,133
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 16,971,053
<GROSS-ADVISORY-FEES> 813,879
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 1,210,069
<AVERAGE-NET-ASSETS> 545,791,546
<PER-SHARE-NAV-BEGIN> 9.65
<PER-SHARE-NII> 0.29
<PER-SHARE-GAIN-APPREC> 0.00
<PER-SHARE-DIVIDEND> 0.29
<PER-SHARE-DISTRIBUTIONS> 0.00
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 9.65
<EXPENSE-RATIO> 0.25
</TABLE>
