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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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008 B000401 A
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<PAGE> PAGE 22
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<PAGE> PAGE 23
066 F000400 N
066 G000400 N
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069 000400 N
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070 F020400 N
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070 H010400 Y
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070 I020400 N
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<PAGE> PAGE 24
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<PAGE> PAGE 25
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008 A000501 ACCESSOR CAPITAL MANAGEMENT LP
008 B000501 A
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<PAGE> PAGE 26
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<PAGE> PAGE 27
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<PAGE> PAGE 28
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<PAGE> PAGE 29
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008 A000601 ACCESSOR CAPITAL MANAGEMENT LP
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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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008 A000701 ACCESSOR CAPITAL MANAGEMENT LP
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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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008 A000801 ACCESSOR CAPITAL MANAGEMENT LP
008 B000801 A
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<PAGE> PAGE 38
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052 000800 N
053 A000800 N
062 A000800 Y
062 B000800 0.0
062 C000800 87.3
<PAGE> PAGE 39
062 D000800 12.2
062 E000800 0.0
062 F000800 0.0
062 G000800 0.0
062 H000800 0.0
062 I000800 0.0
062 J000800 0.0
062 K000800 0.0
062 L000800 0.5
062 M000800 0.0
062 N000800 0.0
062 O000800 0.0
062 P000800 0.0
062 Q000800 0.0
062 R000800 0.0
063 A000800 39
063 B000800 0.0
064 A000800 N
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 N
070 C020800 N
070 D010800 N
070 D020800 N
070 E010800 N
070 E020800 N
070 F010800 N
070 F020800 N
070 G010800 N
070 G020800 N
070 H010800 N
070 H020800 N
070 I010800 N
070 I020800 N
070 J010800 Y
070 J020800 N
070 K010800 Y
070 K020800 N
070 L010800 N
070 L020800 N
070 M010800 N
070 M020800 N
070 N010800 Y
<PAGE> PAGE 40
070 N020800 N
070 O010800 Y
070 O020800 N
070 P010800 Y
070 P020800 N
070 Q010800 N
070 Q020800 N
070 R010800 Y
070 R020800 N
071 A000800 0
071 B000800 0
071 C000800 0
071 D000800 0
072 A000800 12
072 B000800 3763
072 C000800 0
072 D000800 0
072 E000800 0
072 F000800 175
072 G000800 0
072 H000800 0
072 I000800 106
072 J000800 5
072 K000800 0
072 L000800 6
072 M000800 3
072 N000800 25
072 O000800 0
072 P000800 0
072 Q000800 31
072 R000800 17
072 S000800 10
072 T000800 0
072 U000800 0
072 V000800 0
072 W000800 5
072 X000800 383
072 Y000800 0
072 Z000800 3380
072AA000800 0
072BB000800 0
072CC010800 0
072CC020800 0
072DD010800 3287
072DD020800 93
072EE000800 0
073 A010800 0.0500
073 A020800 0.0200
073 B000800 0.0000
073 C000800 0.0000
074 A000800 0
<PAGE> PAGE 41
074 B000800 19307
074 C000800 138167
074 D000800 0
074 E000800 0
074 F000800 0
074 G000800 0
074 H000800 0
074 I000800 0
074 J000800 0
074 K000800 0
074 L000800 0
074 M000800 1406
074 N000800 158880
074 O000800 0
074 P000800 0
074 Q000800 0
074 R010800 0
074 R020800 0
074 R030800 0
074 R040800 661
074 S000800 0
074 T000800 158219
074 U010800 153151
074 U020800 5071
074 V010800 1.00
074 V020800 1.00
074 W000800 0.9999
074 X000800 157
074 Y000800 0
075 A000800 73075
075 B000800 0
076 000800 0.00
SIGNATURE STEVEN T MCCABE
TITLE ASSISTANT VP
[ARTICLE] 6
[SERIES]
[NUMBER] 01
[NAME] GROWTH PORTFOLIO
<TABLE>
<S> <C>
[PERIOD-TYPE] YEAR
[FISCAL-YEAR-END] DEC-31-1998
[PERIOD-END] DEC-31-1998
[INVESTMENTS-AT-COST] 125,354,904
[INVESTMENTS-AT-VALUE] 177,816,876
[RECEIVABLES] 6,732,230
[ASSETS-OTHER] 0
[OTHER-ITEMS-ASSETS] 0
[TOTAL-ASSETS] 184,549,106
[PAYABLE-FOR-SECURITIES] 2,257,247
[SENIOR-LONG-TERM-DEBT] 0
[OTHER-ITEMS-LIABILITIES] 2,415,494
[TOTAL-LIABILITIES] 4,672,741
[SENIOR-EQUITY] 0
[PAID-IN-CAPITAL-COMMON] 126,057,469
[SHARES-COMMON-STOCK] 6,229,403
[SHARES-COMMON-PRIOR] 4,074,644
[ACCUMULATED-NII-CURRENT] 0
[OVERDISTRIBUTION-NII] 0
[ACCUMULATED-NET-GAINS] 1,356,924
[OVERDISTRIBUTION-GAINS] 0
[ACCUM-APPREC-OR-DEPREC] 52,461,972
[NET-ASSETS] 179,876,365
[DIVIDEND-INCOME] 1,238,413
[INTEREST-INCOME] 75,128
[OTHER-INCOME] 0
[EXPENSES-NET] 1,170,087
[NET-INVESTMENT-INCOME] 143,454
[REALIZED-GAINS-CURRENT] 13,472,712
[APPREC-INCREASE-CURRENT] 36,852,522
[NET-CHANGE-FROM-OPS] 50,468,688
[EQUALIZATION] 0
[DISTRIBUTIONS-OF-INCOME] (157,895)
[DISTRIBUTIONS-OF-GAINS] (14,586,452)
[DISTRIBUTIONS-OTHER] 0
[NUMBER-OF-SHARES-SOLD] 4,135,516
[NUMBER-OF-SHARES-REDEEMED] 2,349,457
[SHARES-REINVESTED] 368,700
[NET-CHANGE-IN-ASSETS] 91,969,359
[ACCUMULATED-NII-PRIOR] 0
[ACCUMULATED-GAINS-PRIOR] 2,470,664
[OVERDISTRIB-NII-PRIOR] 0
[OVERDIST-NET-GAINS-PRIOR] 0
[GROSS-ADVISORY-FEES] 794,058
[INTEREST-EXPENSE] 0
[GROSS-EXPENSE] 1,170,087
[AVERAGE-NET-ASSETS] 131,370,944
[PER-SHARE-NAV-BEGIN] 21.57
[PER-SHARE-NII] .04
[PER-SHARE-GAIN-APPREC] 9.91
[PER-SHARE-DIVIDEND] (.03)
[PER-SHARE-DISTRIBUTIONS] (2.61)
[RETURNS-OF-CAPITAL] 0
[PER-SHARE-NAV-END] 28.88
[EXPENSE-RATIO] .92
[AVG-DEBT-OUTSTANDING] 0
[AVG-DEBT-PER-SHARE] 0
</TABLE>
[ARTICLE] 6
[SERIES]
[NUMBER] 02
[NAME] VALUE & INCOME PORTFOLIO
<TABLE>
<S> <C>
[PERIOD-TYPE] YEAR
[FISCAL-YEAR-END] DEC-31-1998
[PERIOD-END] DEC-31-1998
[INVESTMENTS-AT-COST] 112,520,726
[INVESTMENTS-AT-VALUE] 127,622,581
[RECEIVABLES] 967,840
[ASSETS-OTHER] 0
[OTHER-ITEMS-ASSETS] 0
[TOTAL-ASSETS] 128,590,421
[PAYABLE-FOR-SECURITIES] 0
[SENIOR-LONG-TERM-DEBT] 0
[OTHER-ITEMS-LIABILITIES] 875,207
[TOTAL-LIABILITIES] 875,207
[SENIOR-EQUITY] 0
[PAID-IN-CAPITAL-COMMON] 113,488,376
[SHARES-COMMON-STOCK] 6,069,963
[SHARES-COMMON-PRIOR] 3,884,680
[ACCUMULATED-NII-CURRENT] 0
[OVERDISTRIBUTION-NII] 0
[ACCUMULATED-NET-GAINS] 0
[OVERDISTRIBUTION-GAINS] (968,767)
[ACCUM-APPREC-OR-DEPREC] 15,195,605
[NET-ASSETS] 127,715,214
[DIVIDEND-INCOME] 1,983,416
[INTEREST-INCOME] 425,419
[OTHER-INCOME] 0
[EXPENSES-NET] 1,221,252
[NET-INVESTMENT-INCOME] 1,187,583
[REALIZED-GAINS-CURRENT] 10,807,315
[APPREC-INCREASE-CURRENT] 763,235
[NET-CHANGE-FROM-OPS] 12,758,133
[EQUALIZATION] 0
[DISTRIBUTIONS-OF-INCOME] (1,199,600)
[DISTRIBUTIONS-OF-GAINS] (12,008,849)
[DISTRIBUTIONS-OTHER] (968,767)
[NUMBER-OF-SHARES-SOLD] 3,811,618
[NUMBER-OF-SHARES-REDEEMED] (2,028,022)
[SHARES-REINVESTED] 401,687
[NET-CHANGE-IN-ASSETS] 46,588,592
[ACCUMULATED-NII-PRIOR] 0
[ACCUMULATED-GAINS-PRIOR] 1,201,534
[OVERDISTRIB-NII-PRIOR] 0
[OVERDIST-NET-GAINS-PRIOR] 0
[GROSS-ADVISORY-FEES] 892,253
[INTEREST-EXPENSE] 0
[GROSS-EXPENSE] 1,221,252
[AVERAGE-NET-ASSETS] 120,666,412
[PER-SHARE-NAV-BEGIN] 20.88
[PER-SHARE-NII] .24
[PER-SHARE-GAIN-APPREC] 2.45
[PER-SHARE-DIVIDEND] (0.24)
[PER-SHARE-DISTRIBUTIONS] (2.29)
[RETURNS-OF-CAPITAL] 0
[PER-SHARE-NAV-END] 21.04
[EXPENSE-RATIO] 1.03
[AVG-DEBT-OUTSTANDING] 0
[AVG-DEBT-PER-SHARE] 0
</TABLE>
[ARTICLE] 6
[SERIES]
[NUMBER] 03
[NAME] SMALL TO MID CAP PORTFOLIO
<TABLE>
<S> <C>
[PERIOD-TYPE] YEAR
[FISCAL-YEAR-END] DEC-31-1998
[PERIOD-END] DEC-31-1998
[INVESTMENTS-AT-COST] 235,451,976
[INVESTMENTS-AT-VALUE] 276,781,314
[RECEIVABLES] 25,053,607
[ASSETS-OTHER] 0
[OTHER-ITEMS-ASSETS] 0
[TOTAL-ASSETS] 301,834,921
[PAYABLE-FOR-SECURITIES] 17,935,523
[SENIOR-LONG-TERM-DEBT] 0
[OTHER-ITEMS-LIABILITIES] 3,740,207
[TOTAL-LIABILITIES] 21,675,730
[SENIOR-EQUITY] 0
[PAID-IN-CAPITAL-COMMON] 235,450,667
[SHARES-COMMON-STOCK] 11,908,787
[SHARES-COMMON-PRIOR] 5,739,844
[ACCUMULATED-NII-CURRENT] 0
[OVERDISTRIBUTION-NII] 0
[ACCUMULATED-NET-GAINS] 3,379,187
[OVERDISTRIBUTION-GAINS] 0
[ACCUM-APPREC-OR-DEPREC] 41,329,337
[NET-ASSETS] 280,159,191
[DIVIDEND-INCOME] 1,639,994
[INTEREST-INCOME] 371,675
[OTHER-INCOME] 0
[EXPENSES-NET] 2,517,103
[NET-INVESTMENT-INCOME] (505,434)
[REALIZED-GAINS-CURRENT] 15,196,539
[APPREC-INCREASE-CURRENT] 18,018,953
[NET-CHANGE-FROM-OPS] 32,710,058
[EQUALIZATION] 0
[DISTRIBUTIONS-OF-INCOME] 0
[DISTRIBUTIONS-OF-GAINS] (18,128,949)
[DISTRIBUTIONS-OTHER] 0
[NUMBER-OF-SHARES-SOLD] 10,107,811
[NUMBER-OF-SHARES-REDEEMED] (4,300,650)
[SHARES-REINVESTED] 361,782
[NET-CHANGE-IN-ASSETS] 154,937,753
[ACCUMULATED-NII-PRIOR] 0
[ACCUMULATED-GAINS-PRIOR] 6,311,597
[OVERDISTRIB-NII-PRIOR] (102,695)
[OVERDIST-NET-GAINS-PRIOR] 0
[GROSS-ADVISORY-FEES] 1,995,029
[INTEREST-EXPENSE] 0
[GROSS-EXPENSE] 2,517,103
[AVERAGE-NET-ASSETS] 209,271,528
[PER-SHARE-NAV-BEGIN] 21.82
[PER-SHARE-NII] (.05)
[PER-SHARE-GAIN-APPREC] 3.50
[PER-SHARE-DIVIDEND] 0
[PER-SHARE-DISTRIBUTIONS] (1.74)
[RETURNS-OF-CAPITAL] 0
[PER-SHARE-NAV-END] 23.53
[EXPENSE-RATIO] 1.22
[AVG-DEBT-OUTSTANDING] 0
[AVG-DEBT-PER-SHARE] 0
</TABLE>
[ARTICLE] 6
[SERIES]
[NUMBER] 05
[NAME] INTERMEDIATE FIXED-INCOME PORTFOLIO
<TABLE>
<S> <C>
[PERIOD-TYPE] YEAR
[FISCAL-YEAR-END] DEC-31-1998
[PERIOD-END] DEC-31-1998
[INVESTMENTS-AT-COST] 55,270,821
[INVESTMENTS-AT-VALUE] 56,329,478
[RECEIVABLES] 1,385,389
[ASSETS-OTHER] 0
[OTHER-ITEMS-ASSETS] 0
[TOTAL-ASSETS] 57,714,867
[PAYABLE-FOR-SECURITIES] 0
[SENIOR-LONG-TERM-DEBT] 0
[OTHER-ITEMS-LIABILITIES] 79,590
[TOTAL-LIABILITIES] 79,590
[SENIOR-EQUITY] 0
[PAID-IN-CAPITAL-COMMON] 56,328,765
[SHARES-COMMON-STOCK] 4,622,902
[SHARES-COMMON-PRIOR] 4,528,468
[ACCUMULATED-NII-CURRENT] 3,185
[OVERDISTRIBUTION-NII] 0
[ACCUMULATED-NET-GAINS] 244,670
[OVERDISTRIBUTION-GAINS] 0
[ACCUM-APPREC-OR-DEPREC] 1,058,657
[NET-ASSETS] 57,635,277
[DIVIDEND-INCOME] 0
[INTEREST-INCOME] 3,282,867
[OTHER-INCOME] 0
[EXPENSES-NET] 427,498
[NET-INVESTMENT-INCOME] 2,855,371
[REALIZED-GAINS-CURRENT] 1,805,578
[APPREC-INCREASE-CURRENT] (618,921)
[NET-CHANGE-FROM-OPS] 4,042,028
[EQUALIZATION] 0
[DISTRIBUTIONS-OF-INCOME] 2,831,589
[DISTRIBUTIONS-OF-GAINS] 205,295
[DISTRIBUTIONS-OTHER] 0
[NUMBER-OF-SHARES-SOLD] 3,570,910
[NUMBER-OF-SHARES-REDEEMED] (3,557,369)
[SHARES-REINVESTED] 80,893
[NET-CHANGE-IN-ASSETS] 2,438,367
[ACCUMULATED-NII-PRIOR] 0
[ACCUMULATED-GAINS-PRIOR] (1,380,859)
[OVERDISTRIB-NII-PRIOR] 0
[OVERDIST-NET-GAINS-PRIOR] 0
[GROSS-ADVISORY-FEES] 224,304
[INTEREST-EXPENSE] 0
[GROSS-EXPENSE] 427,498
[AVERAGE-NET-ASSETS] 55,693,442
[PER-SHARE-NAV-BEGIN] 12.19
[PER-SHARE-NII] .67
[PER-SHARE-GAIN-APPREC] .32
[PER-SHARE-DIVIDEND] (.67)
[PER-SHARE-DISTRIBUTIONS] (.04)
[RETURNS-OF-CAPITAL] 0
[PER-SHARE-NAV-END] 12.47
[EXPENSE-RATIO] .79
[AVG-DEBT-OUTSTANDING] 0
[AVG-DEBT-PER-SHARE] 0
</TABLE>
[ARTICLE] 6
[SERIES]
[NUMBER] 04
[NAME] INTERNATIONAL EQUITY PORTFOLIO
<TABLE>
<S> <C>
[PERIOD-TYPE] YEAR
[FISCAL-YEAR-END] DEC-31-1998
[PERIOD-END] DEC-31-1998
[INVESTMENTS-AT-COST] 137,637,925
[INVESTMENTS-AT-VALUE] 171,557,251
[RECEIVABLES] 708,095
[ASSETS-OTHER] 22,849
[OTHER-ITEMS-ASSETS] 0
[TOTAL-ASSETS] 172,288,195
[PAYABLE-FOR-SECURITIES] 1,963,874
[SENIOR-LONG-TERM-DEBT] 0
[OTHER-ITEMS-LIABILITIES] 1,970,403
[TOTAL-LIABILITIES] 3,934,277
[SENIOR-EQUITY] 0
[PAID-IN-CAPITAL-COMMON] 133,048,687
[SHARES-COMMON-STOCK] 9,966,670
[SHARES-COMMON-PRIOR] 10,213,260
[ACCUMULATED-NII-CURRENT] 0
[OVERDISTRIBUTION-NII] 0
[ACCUMULATED-NET-GAINS] 1,401,957
[OVERDISTRIBUTION-GAINS] 0
[ACCUM-APPREC-OR-DEPREC] 33,903,274
[NET-ASSETS] 168,353,918
[DIVIDEND-INCOME] 1,937,967
[INTEREST-INCOME] 346,768
[OTHER-INCOME] 0
[EXPENSES-NET] 2,727,793
[NET-INVESTMENT-INCOME] (443,058)
[REALIZED-GAINS-CURRENT] 3,399,692
[APPREC-INCREASE-CURRENT] 21,019,700
[NET-CHANGE-FROM-OPS] 23,976,334
[EQUALIZATION] 0
[DISTRIBUTIONS-OF-INCOME] 0
[DISTRIBUTIONS-OF-GAINS] 0
[DISTRIBUTIONS-OTHER] 0
[NUMBER-OF-SHARES-SOLD] 7,585,921
[NUMBER-OF-SHARES-REDEEMED] (7,931,875)
[SHARES-REINVESTED] 99,366
[NET-CHANGE-IN-ASSETS] 16,912,787
[ACCUMULATED-NII-PRIOR] 0
[ACCUMULATED-GAINS-PRIOR] 0
[OVERDISTRIB-NII-PRIOR] 202,707
[OVERDIST-NET-GAINS-PRIOR] 0
[GROSS-ADVISORY-FEES] 1,946,464
[INTEREST-EXPENSE] 0
[GROSS-EXPENSE] 2,727,793
[AVERAGE-NET-ASSETS] 177,165,630
[PER-SHARE-NAV-BEGIN] 14.83
[PER-SHARE-NII] (.03)
[PER-SHARE-GAIN-APPREC] 2.41
[PER-SHARE-DIVIDEND] 0
[PER-SHARE-DISTRIBUTIONS] (.31)
[RETURNS-OF-CAPITAL] 0
[PER-SHARE-NAV-END] 16.90
[EXPENSE-RATIO] 1.59
[AVG-DEBT-OUTSTANDING] 0
[AVG-DEBT-PER-SHARE] 0
</TABLE>
[ARTICLE] 6
[SERIES]
[NUMBER] 06
[NAME] SHORT INTERMEDIATE FIXED-INCOME PORTFOLIO
<TABLE>
<S> <C>
[PERIOD-TYPE] YEAR
[FISCAL-YEAR-END] DEC-31-1998
[PERIOD-END] DEC-31-1998
[INVESTMENTS-AT-COST] 47,390,456
[INVESTMENTS-AT-VALUE] 47,867,883
[RECEIVABLES] 934,534
[ASSETS-OTHER] 0
[OTHER-ITEMS-ASSETS] 0
[TOTAL-ASSETS] 48,802,417
[PAYABLE-FOR-SECURITIES] 0
[SENIOR-LONG-TERM-DEBT] 0
[OTHER-ITEMS-LIABILITIES] 93,554
[TOTAL-LIABILITIES] 93,554
[SENIOR-EQUITY] 0
[PAID-IN-CAPITAL-COMMON] 48,166,753
[SHARES-COMMON-STOCK] 3,951,685
[SHARES-COMMON-PRIOR] 3,337,535
[ACCUMULATED-NII-CURRENT] 18,764
[OVERDISTRIBUTION-NII] 0
[ACCUMULATED-NET-GAINS] 45,919
[OVERDISTRIBUTION-GAINS] 0
[ACCUM-APPREC-OR-DEPREC] 477,428
[NET-ASSETS] 48,708,863
[DIVIDEND-INCOME] 0
[INTEREST-INCOME] 2,800,536
[OTHER-INCOME] 0
[EXPENSES-NET] 392,446
[NET-INVESTMENT-INCOME] 2,408,090
[REALIZED-GAINS-CURRENT] 615,501
[APPREC-INCREASE-CURRENT] 87,741
[NET-CHANGE-FROM-OPS] 3,111,332
[EQUALIZATION] 0
[DISTRIBUTIONS-OF-INCOME] (2,387,537)
[DISTRIBUTIONS-OF-GAINS] (522,655)
[DISTRIBUTIONS-OTHER] 0
[NUMBER-OF-SHARES-SOLD] 1,974,853
[NUMBER-OF-SHARES-REDEEMED] 1,415,314
[SHARES-REINVESTED] 54,611
[NET-CHANGE-IN-ASSETS] 7,766,821
[ACCUMULATED-NII-PRIOR] (4,419)
[ACCUMULATED-GAINS-PRIOR] (47,745)
[OVERDISTRIB-NII-PRIOR] 0
[OVERDIST-NET-GAINS-PRIOR] 0
[GROSS-ADVISORY-FEES] 198,000
[INTEREST-EXPENSE] 0
[GROSS-EXPENSE] 392,446
[AVERAGE-NET-ASSETS] 48,874,982
[PER-SHARE-NAV-BEGIN] 12.27
[PER-SHARE-NII] .68
[PER-SHARE-GAIN-APPREC] .14
[PER-SHARE-DIVIDEND] (.63)
[PER-SHARE-DISTRIBUTIONS] (.13)
[RETURNS-OF-CAPITAL] 0
[PER-SHARE-NAV-END] 12.33
[EXPENSE-RATIO] .82
[AVG-DEBT-OUTSTANDING] 0
[AVG-DEBT-PER-SHARE] 0
</TABLE>
[ARTICLE] 6
[SERIES]
[NUMBER] 07
[NAME] MORTGAGE SECURITIES PORTFOLIO
<TABLE>
<S> <C>
[PERIOD-TYPE] YEAR
[FISCAL-YEAR-END] DEC-31-1998
[PERIOD-END] DEC-31-1998
[INVESTMENTS-AT-COST] 147,897,794
[INVESTMENTS-AT-VALUE] 149,832,346
[RECEIVABLES] 2,676,383
[ASSETS-OTHER] 0
[OTHER-ITEMS-ASSETS] 0
[TOTAL-ASSETS] 152,508,729
[PAYABLE-FOR-SECURITIES] 4,565,561
[SENIOR-LONG-TERM-DEBT] 0
[OTHER-ITEMS-LIABILITIES] 1,786,163
[TOTAL-LIABILITIES] 6,351,724
[SENIOR-EQUITY] 0
[PAID-IN-CAPITAL-COMMON] 143,769,745
[SHARES-COMMON-STOCK] 11,607,851
[SHARES-COMMON-PRIOR] 8,712,125
[ACCUMULATED-NII-CURRENT] 111,203
[OVERDISTRIBUTION-NII] 0
[ACCUMULATED-NET-GAINS] 293,439
[OVERDISTRIBUTION-GAINS] 0
[ACCUM-APPREC-OR-DEPREC] 1,982,618
[NET-ASSETS] 146,157,005
[DIVIDEND-INCOME] 0
[INTEREST-INCOME] 8,865,162
[OTHER-INCOME] 0
[EXPENSES-NET] 1,251,359
[NET-INVESTMENT-INCOME] 7,613,803
[REALIZED-GAINS-CURRENT] 1,178,903
[APPREC-INCREASE-CURRENT] (454,778)
[NET-CHANGE-FROM-OPS] 8,337,928
[EQUALIZATION] 0
[DISTRIBUTIONS-OF-INCOME] (7,548,641)
[DISTRIBUTIONS-OF-GAINS] (1,137,570)
[DISTRIBUTIONS-OTHER] 0
[NUMBER-OF-SHARES-SOLD] 5,879,217
[NUMBER-OF-SHARES-REDEEMED] (3,120,016)
[SHARES-REINVESTED] 136,525
[NET-CHANGE-IN-ASSETS] 36,409,958
[ACCUMULATED-NII-PRIOR] 0
[ACCUMULATED-GAINS-PRIOR] 303,719
[OVERDISTRIB-NII-PRIOR] (37,546)
[OVERDIST-NET-GAINS-PRIOR] 0
[GROSS-ADVISORY-FEES] 811,596
[INTEREST-EXPENSE] 0
[GROSS-EXPENSE] 1,251,359
[AVERAGE-NET-ASSETS] 145,308,831
[PER-SHARE-NAV-BEGIN] 12.60
[PER-SHARE-NII] .70
[PER-SHARE-GAIN-APPREC] .09
[PER-SHARE-DIVIDEND] (.70)
[PER-SHARE-DISTRIBUTIONS] (.10)
[RETURNS-OF-CAPITAL] 0
[PER-SHARE-NAV-END] 12.59
[EXPENSE-RATIO] .88
[AVG-DEBT-OUTSTANDING] 0
[AVG-DEBT-PER-SHARE] 0
</TABLE>
[ARTICLE] 6
[SERIES]
[NUMBER] 08
[NAME] U.S. GOVERNMENT MONEY PORTFOLIO
<TABLE>
<S> <C>
[PERIOD-TYPE] YEAR
[FISCAL-YEAR-END] DEC-31-1998
[PERIOD-END] DEC-31-1998
[INVESTMENTS-AT-COST] 157,474,336
[INVESTMENTS-AT-VALUE] 157,474,336
[RECEIVABLES] 1,406,140
[ASSETS-OTHER] 0
[OTHER-ITEMS-ASSETS] 0
[TOTAL-ASSETS] 158,880,476
[PAYABLE-FOR-SECURITIES] 0
[SENIOR-LONG-TERM-DEBT] 0
[OTHER-ITEMS-LIABILITIES] 661,330
[TOTAL-LIABILITIES] 661,330
[SENIOR-EQUITY] 0
[PAID-IN-CAPITAL-COMMON] 158,221,520
[SHARES-COMMON-STOCK] 158,221,750
[SHARES-COMMON-PRIOR] 50,915,165
[ACCUMULATED-NII-CURRENT] 0
[OVERDISTRIBUTION-NII] 0
[ACCUMULATED-NET-GAINS] (2,374)
[OVERDISTRIBUTION-GAINS] 0
[ACCUM-APPREC-OR-DEPREC] 0
[NET-ASSETS] 158,219,146
[DIVIDEND-INCOME] 0
[INTEREST-INCOME] 3,762,484
[OTHER-INCOME] 0
[EXPENSES-NET] 382,599
[NET-INVESTMENT-INCOME] 3,379,885
[REALIZED-GAINS-CURRENT] 0
[APPREC-INCREASE-CURRENT] 0
[NET-CHANGE-FROM-OPS] 3,382,547
[EQUALIZATION] 0
[DISTRIBUTIONS-OF-INCOME] (3,379,880)
[DISTRIBUTIONS-OF-GAINS] 0
[DISTRIBUTIONS-OTHER] 0
[NUMBER-OF-SHARES-SOLD] 276,126,292
[NUMBER-OF-SHARES-REDEEMED] (168,971,567)
[SHARES-REINVESTED] 151,860
[NET-CHANGE-IN-ASSETS] 107,309,253
[ACCUMULATED-NII-PRIOR] 0
[ACCUMULATED-GAINS-PRIOR] (4,849)
[OVERDISTRIB-NII-PRIOR] 0
[OVERDIST-NET-GAINS-PRIOR] 0
[GROSS-ADVISORY-FEES] 175,048
[INTEREST-EXPENSE] 0
[GROSS-EXPENSE] 382,599
[AVERAGE-NET-ASSETS] 73,075,366
[PER-SHARE-NAV-BEGIN] 1.00
[PER-SHARE-NII] .05
[PER-SHARE-GAIN-APPREC] 0
[PER-SHARE-DIVIDEND] (.05)
[PER-SHARE-DISTRIBUTIONS] 0
[RETURNS-OF-CAPITAL] 0
[PER-SHARE-NAV-END] 1.00
[EXPENSE-RATIO] .53
[AVG-DEBT-OUTSTANDING] 0
[AVG-DEBT-PER-SHARE] 0
</TABLE>
