<PAGE> PAGE 1
000 A000000 06/30/96
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001 A000000 ALAMEDA-CONTRA COSTA MEDICAL ASSOCIATION COLL
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007 C010100 1
007 C020100 THE VALUE EQUITY PORTFOLIO
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007 C010200 2
007 C020200 THE BALANCED PORTFOLIO
007 C030200 N
007 C010300 3
007 C020300 THE LONG INTERMEDIATE FIXED INCOME PORTFOLIO
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007 C010400 4
007 C020400 THE SHORT INTERMEDIATE FIXED INCOME PORTFOLIO
007 C030400 N
007 C010500 5
007 C020500 THE MONEY MARKET PORTFOLIO
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007 C010600 6
007 C020600 THE GROWTH EQUITY PORTFOLIO
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007 C010700 7
007 C020700 THE INTERNATIONAL EQUITY PORTFOLIO
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<PAGE> PAGE 2
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<PAGE> PAGE 3
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<PAGE> PAGE 4
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<PAGE> PAGE 5
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<PAGE> PAGE 6
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<PAGE> PAGE 7
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<PAGE> PAGE 8
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<PAGE> PAGE 9
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<PAGE> PAGE 10
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<PAGE> PAGE 11
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<PAGE> PAGE 12
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<PAGE> PAGE 13
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<PAGE> PAGE 14
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<PAGE> PAGE 15
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<PAGE> PAGE 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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<PAGE> PAGE 21
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SIGNATURE LAVINDA M JOHNSON
TITLE BUS. OFFICE MGR
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 1
<NAME> VALUE EQUITY
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> DEC-31-1996
<PERIOD-END> JUN-30-1996
<INVESTMENTS-AT-COST> 19,790,573
<INVESTMENTS-AT-VALUE> 21,114,333
<RECEIVABLES> 46,629
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 21,160,962
<PAYABLE-FOR-SECURITIES> 0
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<OTHER-ITEMS-LIABILITIES> 71,274
<TOTAL-LIABILITIES> 71,274
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 10,682,345
<SHARES-COMMON-STOCK> 2,108,975
<SHARES-COMMON-PRIOR> 2,107,323
<ACCUMULATED-NII-CURRENT> 1,271,613
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 7,811,970
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 1,323,760
<NET-ASSETS> 21,089,688
<DIVIDEND-INCOME> 299,675
<INTEREST-INCOME> 31,251
<OTHER-INCOME> 1,530
<EXPENSES-NET> 191,808
<NET-INVESTMENT-INCOME> 140,648
<REALIZED-GAINS-CURRENT> 1,782,841
<APPREC-INCREASE-CURRENT> (1,130,828)
<NET-CHANGE-FROM-OPS> 792,661
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 50,907
<NUMBER-OF-SHARES-REDEEMED> 49,247
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> 809,275
<ACCUMULATED-NII-PRIOR> 1,130,965
<ACCUMULATED-GAINS-PRIOR> 6,029,128
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 102,430
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 202,215
<AVERAGE-NET-ASSETS> 20,860,100
<PER-SHARE-NAV-BEGIN> 9.63
<PER-SHARE-NII> 0.07
<PER-SHARE-GAIN-APPREC> 0.30
<PER-SHARE-DIVIDEND> 0
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 10.00
<EXPENSE-RATIO> .97
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 2
<NAME> BALANCED
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> DEC-31-1996
<PERIOD-END> JUN-30-1996
<INVESTMENTS-AT-COST> 3,075,294
<INVESTMENTS-AT-VALUE> 3,850,234
<RECEIVABLES> 51,565
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 3,901,799
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<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 8,097
<TOTAL-LIABILITIES> 8,097
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 2,370,587
<SHARES-COMMON-STOCK> 389,364
<SHARES-COMMON-PRIOR> 368,398
<ACCUMULATED-NII-CURRENT> 494,998
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 253,177
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 774,940
<NET-ASSETS> 3,893,702
<DIVIDEND-INCOME> 19,032
<INTEREST-INCOME> 46,528
<OTHER-INCOME> 0
<EXPENSES-NET> 26,908
<NET-INVESTMENT-INCOME> 38,652
<REALIZED-GAINS-CURRENT> 36,856
<APPREC-INCREASE-CURRENT> 120,954
<NET-CHANGE-FROM-OPS> 196,462
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 21,278
<NUMBER-OF-SHARES-REDEEMED> 310
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> 404,210
<ACCUMULATED-NII-PRIOR> 456,346
<ACCUMULATED-GAINS-PRIOR> 216,321
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 11,123
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 28,750
<AVERAGE-NET-ASSETS> 3,709,129
<PER-SHARE-NAV-BEGIN> 9.47
<PER-SHARE-NII> 0.03
<PER-SHARE-GAIN-APPREC> 0.50
<PER-SHARE-DIVIDEND> 0
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 10.00
<EXPENSE-RATIO> .78
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 3
<NAME> LONG INTERMEDIATE FIXED
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> DEC-31-1996
<PERIOD-END> JUN-30-1996
<INVESTMENTS-AT-COST> 4,800,606
<INVESTMENTS-AT-VALUE> 4,879,710
<RECEIVABLES> 69,201
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 4,948,911
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<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 10,485
<TOTAL-LIABILITIES> 10,485
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 3,076,884
<SHARES-COMMON-STOCK> 493,852
<SHARES-COMMON-PRIOR> 459,841
<ACCUMULATED-NII-CURRENT> 1,599,949
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 182,489
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 79,104
<NET-ASSETS> 4,938,426
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 162,077
<OTHER-INCOME> 0
<EXPENSES-NET> 32,890
<NET-INVESTMENT-INCOME> 129,187
<REALIZED-GAINS-CURRENT> 18,521
<APPREC-INCREASE-CURRENT> (282,652)
<NET-CHANGE-FROM-OPS> (134,944)
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 42,683
<NUMBER-OF-SHARES-REDEEMED> 8,673
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> 216,014
<ACCUMULATED-NII-PRIOR> 1,470,762
<ACCUMULATED-GAINS-PRIOR> 163,968
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 11,995
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 35,320
<AVERAGE-NET-ASSETS> 4,918,949
<PER-SHARE-NAV-BEGIN> 10.27
<PER-SHARE-NII> 0.04
<PER-SHARE-GAIN-APPREC> (0.31)
<PER-SHARE-DIVIDEND> 0
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 10.00
<EXPENSE-RATIO> .72
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 4
<NAME> SHORT INTERMEDIATE FIXED
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> DEC-31-1996
<PERIOD-END> JUN-30-1996
<INVESTMENTS-AT-COST> 5,254,290
<INVESTMENTS-AT-VALUE> 5,209,671
<RECEIVABLES> 81,757
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<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 5,291,428
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<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 39,229
<TOTAL-LIABILITIES> 39,229
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 3,561,578
<SHARES-COMMON-STOCK> 525,221
<SHARES-COMMON-PRIOR> 608,867
<ACCUMULATED-NII-CURRENT> 1,661,741
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 73,499
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> (44,619)
<NET-ASSETS> 5,252,199
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 166,721
<OTHER-INCOME> 0
<EXPENSES-NET> 38,502
<NET-INVESTMENT-INCOME> 128,219
<REALIZED-GAINS-CURRENT> 3,629
<APPREC-INCREASE-CURRENT> (116,675)
<NET-CHANGE-FROM-OPS> 15,173
<EQUALIZATION> 0
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<DISTRIBUTIONS-OF-GAINS> 0
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<NUMBER-OF-SHARES-SOLD> 4,548
<NUMBER-OF-SHARES-REDEEMED> 88,193
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> (820,317)
<ACCUMULATED-NII-PRIOR> 1,533,522
<ACCUMULATED-GAINS-PRIOR> 69,869
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 14,988
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 41,273
<AVERAGE-NET-ASSETS> 5,525,999
<PER-SHARE-NAV-BEGIN> 9.97
<PER-SHARE-NII> 0.65
<PER-SHARE-GAIN-APPREC> (0.62)
<PER-SHARE-DIVIDEND> 0
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<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 10.00
<EXPENSE-RATIO> .75
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 5
<NAME> MONEY MARKET
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> DEC-31-1996
<PERIOD-END> JUN-30-1996
<INVESTMENTS-AT-COST> 2,493,112
<INVESTMENTS-AT-VALUE> 2,487,605
<RECEIVABLES> 149,515
<ASSETS-OTHER> 0
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<TOTAL-ASSETS> 2,637,120
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<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 7,676
<TOTAL-LIABILITIES> 7,676
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 1,363,649
<SHARES-COMMON-STOCK> 262,939
<SHARES-COMMON-PRIOR> 261,173
<ACCUMULATED-NII-CURRENT> 1,328,683
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (57,381)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> (5,507)
<NET-ASSETS> 2,629,444
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 71,868
<OTHER-INCOME> 0
<EXPENSES-NET> 17,265
<NET-INVESTMENT-INCOME> 54,603
<REALIZED-GAINS-CURRENT> 3,930
<APPREC-INCREASE-CURRENT> (12,969)
<NET-CHANGE-FROM-OPS> 45,564
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 27,500
<NUMBER-OF-SHARES-REDEEMED> 25,734
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> 63,679
<ACCUMULATED-NII-PRIOR> 1,274,080
<ACCUMULATED-GAINS-PRIOR> (61,310)
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 6,232
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 18,543
<AVERAGE-NET-ASSETS> 2,574,332
<PER-SHARE-NAV-BEGIN> 9.82
<PER-SHARE-NII> 0.18
<PER-SHARE-GAIN-APPREC> 0
<PER-SHARE-DIVIDEND> 0
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 10.00
<EXPENSE-RATIO> .72
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 6
<NAME> GROWTH EQUITY
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> DEC-31-1996
<PERIOD-END> JUN-30-1996
<INVESTMENTS-AT-COST> 2,985,599
<INVESTMENTS-AT-VALUE> 3,706,900
<RECEIVABLES> 139,339
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 3,846,239
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<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 28,288
<TOTAL-LIABILITIES> 28,288
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 2,778,497
<SHARES-COMMON-STOCK> 244,957
<SHARES-COMMON-PRIOR> 235,552
<ACCUMULATED-NII-CURRENT> (74,458)
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 392,611
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 721,301
<NET-ASSETS> 3,817,951
<DIVIDEND-INCOME> 13,121
<INTEREST-INCOME> 1,262
<OTHER-INCOME> 0
<EXPENSES-NET> 29,597
<NET-INVESTMENT-INCOME> (15,214)
<REALIZED-GAINS-CURRENT> 92,369
<APPREC-INCREASE-CURRENT> 223,424
<NET-CHANGE-FROM-OPS> 300,579
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 23,723
<NUMBER-OF-SHARES-REDEEMED> 14,318
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> 456,754
<ACCUMULATED-NII-PRIOR> (59,244)
<ACCUMULATED-GAINS-PRIOR> 300,242
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 14,221
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 31,392
<AVERAGE-NET-ASSETS> 3,602,540
<PER-SHARE-NAV-BEGIN> 14.27
<PER-SHARE-NII> (0.05)
<PER-SHARE-GAIN-APPREC> 1.37
<PER-SHARE-DIVIDEND> 0
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 15.59
<EXPENSE-RATIO> .87
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 7
<NAME> INTL VALUE EQUITY
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> DEC-31-1996
<PERIOD-END> JUN-30-1996
<INVESTMENTS-AT-COST> 1,073,092
<INVESTMENTS-AT-VALUE> 1,115,442
<RECEIVABLES> 15,811
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<OTHER-ITEMS-LIABILITIES> 111,452
<TOTAL-LIABILITIES> 111,452
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 968,058
<SHARES-COMMON-STOCK> 96,381
<SHARES-COMMON-PRIOR> 79,824
<ACCUMULATED-NII-CURRENT> 5,470
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 3,923
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 42,350
<NET-ASSETS> 1,019,801
<DIVIDEND-INCOME> 10,064
<INTEREST-INCOME> 3,339
<OTHER-INCOME> 0
<EXPENSES-NET> 8,267
<NET-INVESTMENT-INCOME> 5,136
<REALIZED-GAINS-CURRENT> 3,923
<APPREC-INCREASE-CURRENT> 35,669
<NET-CHANGE-FROM-OPS> 44,728
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> 0
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<NUMBER-OF-SHARES-SOLD> 26,907
<NUMBER-OF-SHARES-REDEEMED> 10,350
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> 214,443
<ACCUMULATED-NII-PRIOR> 334
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 4,273
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 8,743
<AVERAGE-NET-ASSETS> 962,832
<PER-SHARE-NAV-BEGIN> 10.09
<PER-SHARE-NII> 0.05
<PER-SHARE-GAIN-APPREC> 0.44
<PER-SHARE-DIVIDEND> 0
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<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 10.58
<EXPENSE-RATIO> .91
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
