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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 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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<PAGE> PAGE 30
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015 A000601 INVESTORS FIDUCIARY TRUST COMPANY
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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 35
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<PAGE> PAGE 36
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015 A000701 INVESTORS FIDUCIARY TRUST COMPANY
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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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</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 12
<NAME> MENTOR CAPITAL GROWTH PORTFOLIO CLASS B
<MULTIPLIER> 1000
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> SEP-30-1997
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<ACCUMULATED-NET-GAINS> 13768
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 38737
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<DIVIDEND-INCOME> 1798
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</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 3
<NAME> MENTOR STRATEGY PORTFOLIO CLASS A
<MULTIPLIER> 1000
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> SEP-30-1997
<PERIOD-END> SEP-30-1997
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<SHARES-COMMON-PRIOR> 2266
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<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 36006
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<DIVIDEND-INCOME> 1232
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<APPREC-INCREASE-CURRENT> (24298)
<NET-CHANGE-FROM-OPS> 35581
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<DISTRIBUTIONS-OF-GAINS> 1531
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<NUMBER-OF-SHARES-SOLD> 1695
<NUMBER-OF-SHARES-REDEEMED> 742
<SHARES-REINVESTED> 91
<NET-CHANGE-IN-ASSETS> 33570
<ACCUMULATED-NII-PRIOR> 0
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<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
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</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 13
<NAME> MENTOR STRATEGY PORTFOLIO CLASS B
<MULTIPLIER> 1000
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> SEP-30-1997
<PERIOD-END> SEP-30-1997
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<TOTAL-LIABILITIES> 32488
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<PAID-IN-CAPITAL-COMMON> 246592
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<SHARES-COMMON-PRIOR> 18242
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<OVERDISTRIBUTION-NII> 0
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<OVERDISTRIBUTION-GAINS> 0
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<APPREC-INCREASE-CURRENT> (24298)
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</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 4
<NAME> MENTOR INCOME AND GROWTH PORTFOLIO CLASS A
<MULTIPLIER> 1000
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> SEP-30-1997
<PERIOD-END> SEP-30-1997
<INVESTMENTS-AT-COST> 153379
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<TOTAL-ASSETS> 211832
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<TOTAL-LIABILITIES> 40506
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 141701
<SHARES-COMMON-STOCK> 3083
<SHARES-COMMON-PRIOR> 2270
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 13501
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 16123
<NET-ASSETS> 171325
<DIVIDEND-INCOME> 1485
<INTEREST-INCOME> 3544
<OTHER-INCOME> 0
<EXPENSES-NET> 2357
<NET-INVESTMENT-INCOME> 2672
<REALIZED-GAINS-CURRENT> 15017
<APPREC-INCREASE-CURRENT> 6705
<NET-CHANGE-FROM-OPS> 24394
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 1054
<DISTRIBUTIONS-OF-GAINS> 2475
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<NUMBER-OF-SHARES-SOLD> 1945
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<SHARES-REINVESTED> 180
<NET-CHANGE-IN-ASSETS> 80568
<ACCUMULATED-NII-PRIOR> 99
<ACCUMULATED-GAINS-PRIOR> 7823
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<PER-SHARE-NAV-BEGIN> 19.16
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</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER>14
<NAME> MENTOR INCOME AND GROWTH PORTFOLIO-CLASS B
<MULTIPLIER> 1000
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> SEP-30-1997
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<INVESTMENTS-AT-COST> 153379
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<TOTAL-ASSETS> 211832
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<TOTAL-LIABILITIES> 40506
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<PAID-IN-CAPITAL-COMMON> 141701
<SHARES-COMMON-STOCK> 5237
<SHARES-COMMON-PRIOR> 4576
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 13501
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 16123
<NET-ASSETS> 171325
<DIVIDEND-INCOME> 1485
<INTEREST-INCOME> 3544
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<EXPENSES-NET> 2357
<NET-INVESTMENT-INCOME> 2672
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<NUMBER-OF-SHARES-SOLD> 1913
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<SHARES-REINVESTED> 451
<NET-CHANGE-IN-ASSETS> 80568
<ACCUMULATED-NII-PRIOR> 99
<ACCUMULATED-GAINS-PRIOR> 7823
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</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 5
<NAME> MENTOR PERPETUAL GLOBAL PORTFOLIO CLASS A
<MULTIPLIER> 1000
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> SEP-30-1997
<PERIOD-END> SEP-30-1997
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<TOTAL-LIABILITIES> 13208
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<PAID-IN-CAPITAL-COMMON> 112928
<SHARES-COMMON-STOCK> 2223
<SHARES-COMMON-PRIOR> 1568
<ACCUMULATED-NII-CURRENT> (98)
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<ACCUMULATED-NET-GAINS> 5560
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 17195
<NET-ASSETS> 135586
<DIVIDEND-INCOME> 1511
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<EXPENSES-NET> 2243
<NET-INVESTMENT-INCOME> (416)
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<SHARES-REINVESTED> 27
<NET-CHANGE-IN-ASSETS> 80357
<ACCUMULATED-NII-PRIOR> (97)
<ACCUMULATED-GAINS-PRIOR> 2025
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<EXPENSE-RATIO> 1.89
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<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 15
<NAME> MENTOR PERPETUAL GLOBAL PORTFOLIO CLASS B
<MULTIPLIER> 1000
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> SEP-30-1997
<PERIOD-END> SEP-30-1997
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<NET-INVESTMENT-INCOME> (416)
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</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 6
<NAME> MENTOR QUALITY INCOME PORTFOLIO CLASS A
<MULTIPLIER> 1000
<S> <C>
<PERIOD-TYPE> 12-MOS
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<ACCUMULATED-NET-GAINS> (15099)
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<ACCUM-APPREC-OR-DEPREC> 1916
<NET-ASSETS> 128222
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</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 16
<NAME> MENTOR QUALITY INCOME PORTFOLIO CLASS B
<MULTIPLIER> 1000
<S> <C>
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<GROSS-EXPENSE> 1447
<AVERAGE-NET-ASSETS> 95709
<PER-SHARE-NAV-BEGIN> 12.93
<PER-SHARE-NII> .86
<PER-SHARE-GAIN-APPREC> .3
<PER-SHARE-DIVIDEND> .87
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> .04
<PER-SHARE-NAV-END> 13.18
<EXPENSE-RATIO> 1.55
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 7
<NAME> MENTOR SHORT DURATION INCOME CLASS A
<MULTIPLIER> 1000
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> SEP-30-1997
<PERIOD-END> SEP-30-1997
<INVESTMENTS-AT-COST> 51371
<INVESTMENTS-AT-VALUE> 51619
<RECEIVABLES> 3363
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 24
<TOTAL-ASSETS> 55006
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 298
<TOTAL-LIABILITIES> 298
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 54678
<SHARES-COMMON-STOCK> 2188
<SHARES-COMMON-PRIOR> 951
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 96
<ACCUMULATED-NET-GAINS> (176)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 302
<NET-ASSETS> 54708
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 2553
<OTHER-INCOME> 0
<EXPENSES-NET> 397
<NET-INVESTMENT-INCOME> 2156
<REALIZED-GAINS-CURRENT> 8
<APPREC-INCREASE-CURRENT> 386
<NET-CHANGE-FROM-OPS> 2550
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 752
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 12
<NUMBER-OF-SHARES-SOLD> 2047
<NUMBER-OF-SHARES-REDEEMED> 505
<SHARES-REINVESTED> 50
<NET-CHANGE-IN-ASSETS> 22741
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> (149)
<OVERDISTRIB-NII-PRIOR> 96
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 185
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 490
<AVERAGE-NET-ASSETS> 37151
<PER-SHARE-NAV-BEGIN> 12.5
<PER-SHARE-NII> .77
<PER-SHARE-GAIN-APPREC> .12
<PER-SHARE-DIVIDEND> .76
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> .01
<PER-SHARE-NAV-END> 12.62
<EXPENSE-RATIO> .87
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 17
<NAME> MENTOR SHORT DURATION INCOME CLASS B
<MULTIPLIER> 1000
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> SEP-30-1997
<PERIOD-END> SEP-30-1997
<INVESTMENTS-AT-COST> 51371
<INVESTMENTS-AT-VALUE> 51619
<RECEIVABLES> 3363
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 24
<TOTAL-ASSETS> 55006
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 298
<TOTAL-LIABILITIES> 298
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 54678
<SHARES-COMMON-STOCK> 2146
<SHARES-COMMON-PRIOR> 1932
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 96
<ACCUMULATED-NET-GAINS> (176)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 302
<NET-ASSETS> 54708
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 2553
<OTHER-INCOME> 0
<EXPENSES-NET> 397
<NET-INVESTMENT-INCOME> 2156
<REALIZED-GAINS-CURRENT> 8
<APPREC-INCREASE-CURRENT> 386
<NET-CHANGE-FROM-OPS> 2550
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 1404
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 11
<NUMBER-OF-SHARES-SOLD> 1121
<NUMBER-OF-SHARES-REDEEMED> 1027
<SHARES-REINVESTED> 90
<NET-CHANGE-IN-ASSETS> 22741
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> (149)
<OVERDISTRIB-NII-PRIOR> 96
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 185
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 490
<AVERAGE-NET-ASSETS> 37151
<PER-SHARE-NAV-BEGIN> 12.5
<PER-SHARE-NII> .73
<PER-SHARE-GAIN-APPREC> .12
<PER-SHARE-DIVIDEND> 0
<PER-SHARE-DISTRIBUTIONS> .72
<RETURNS-OF-CAPITAL> .01
<PER-SHARE-NAV-END> 12.62
<EXPENSE-RATIO> 1.16
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 8
<NAME> MENTOR MUNI INCOME PORTFOLIO-CLASS A
<MULTIPLIER> 1000
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> SEP-30-1997
<PERIOD-END> SEP-30-1997
<INVESTMENTS-AT-COST> 70636
<INVESTMENTS-AT-VALUE> 75143
<RECEIVABLES> 1928
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 98
<TOTAL-ASSETS> 77169
<PAYABLE-FOR-SECURITIES> 3145
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 358
<TOTAL-LIABILITIES> 3503
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 71384
<SHARES-COMMON-STOCK> 1896
<SHARES-COMMON-PRIOR> 1469
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 300
<ACCUMULATED-NET-GAINS> (1963)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 4545
<NET-ASSETS> 73666
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 3905
<OTHER-INCOME> 0
<EXPENSES-NET> 954
<NET-INVESTMENT-INCOME> 2951
<REALIZED-GAINS-CURRENT> 548
<APPREC-INCREASE-CURRENT> 1604
<NET-CHANGE-FROM-OPS> 5103
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 1180
<DISTRIBUTIONS-OF-GAINS> 40
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 902
<NUMBER-OF-SHARES-REDEEMED> 215
<SHARES-REINVESTED> 40
<NET-CHANGE-IN-ASSETS> 18917
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> (2511)
<OVERDISTRIB-NII-PRIOR> 90
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 370
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 954
<AVERAGE-NET-ASSETS> 61788
<PER-SHARE-NAV-BEGIN> 15.04
<PER-SHARE-NII> .81
<PER-SHARE-GAIN-APPREC> .49
<PER-SHARE-DIVIDEND> .81
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> .03
<PER-SHARE-NAV-END> 15.5
<EXPENSE-RATIO> 1.22
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 18
<NAME> MENTOR MUNI INCOME PORTFOLIO CLASS B
<MULTIPLIER> 1000
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> SEP-30-1997
<PERIOD-END> SEP-30-1997
<INVESTMENTS-AT-COST> 70636
<INVESTMENTS-AT-VALUE> 75143
<RECEIVABLES> 1928
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 98
<TOTAL-ASSETS> 77169
<PAYABLE-FOR-SECURITIES> 3145
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 358
<TOTAL-LIABILITIES> 3503
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 71384
<SHARES-COMMON-STOCK> 2859
<SHARES-COMMON-PRIOR> 2625
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 300
<ACCUMULATED-NET-GAINS> (1963)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 4545
<NET-ASSETS> 73666
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 3905
<OTHER-INCOME> 0
<EXPENSES-NET> 954
<NET-INVESTMENT-INCOME> 2951
<REALIZED-GAINS-CURRENT> 548
<APPREC-INCREASE-CURRENT> 1604
<NET-CHANGE-FROM-OPS> 5103
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 1981
<DISTRIBUTIONS-OF-GAINS> 67
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 783
<NUMBER-OF-SHARES-REDEEMED> 478
<SHARES-REINVESTED> 85
<NET-CHANGE-IN-ASSETS> 18917
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> (2511)
<OVERDISTRIB-NII-PRIOR> 90
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 370
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 954
<AVERAGE-NET-ASSETS> 61788
<PER-SHARE-NAV-BEGIN> 15.05
<PER-SHARE-NII> .71
<PER-SHARE-GAIN-APPREC> .52
<PER-SHARE-DIVIDEND> .71
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> .08
<PER-SHARE-NAV-END> 15.49
<EXPENSE-RATIO> 1.72
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 9
<NAME> MENTOR BALANCED PORTFOLIO
<MULTIPLIER> 1000
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> SEP-30-1997
<PERIOD-END> SEP-30-1997
<INVESTMENTS-AT-COST> 3222
<INVESTMENTS-AT-VALUE> 4009
<RECEIVABLES> 15
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 81
<TOTAL-ASSETS> 4105
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 4
<TOTAL-LIABILITIES> 4
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 2860
<SHARES-COMMON-STOCK> 233
<SHARES-COMMON-PRIOR> 246
<ACCUMULATED-NII-CURRENT> 68
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 387
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 0
<NET-ASSETS> 4102
<DIVIDEND-INCOME> 36
<INTEREST-INCOME> 91
<OTHER-INCOME> 0
<EXPENSES-NET> 20
<NET-INVESTMENT-INCOME> 107
<REALIZED-GAINS-CURRENT> 408
<APPREC-INCREASE-CURRENT> 397
<NET-CHANGE-FROM-OPS> 912
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 109
<DISTRIBUTIONS-OF-GAINS> 449
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 0
<NUMBER-OF-SHARES-REDEEMED> 40
<SHARES-REINVESTED> 38
<NET-CHANGE-IN-ASSETS> 276
<ACCUMULATED-NII-PRIOR> 69
<ACCUMULATED-GAINS-PRIOR> 428
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 29
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 82
<AVERAGE-NET-ASSETS> 3858
<PER-SHARE-NAV-BEGIN> 16.28
<PER-SHARE-NII> .43
<PER-SHARE-GAIN-APPREC> 3.35
<PER-SHARE-DIVIDEND> .43
<PER-SHARE-DISTRIBUTIONS> 2.02
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 17.61
<EXPENSE-RATIO> .5
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 10
<NAME> MENTOR INSTITUTIONAL US GOVERNMENT MONEY MARKET PORTFOLIO
<MULTIPLIER> 1000
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> SEP-30-1997
<PERIOD-END> SEP-30-1997
<INVESTMENTS-AT-COST> 61875
<INVESTMENTS-AT-VALUE> 61875
<RECEIVABLES> 49
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 19
<TOTAL-ASSETS> 61943
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 139
<TOTAL-LIABILITIES> 139
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 61805
<SHARES-COMMON-STOCK> 61805
<SHARES-COMMON-PRIOR> 0
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 0
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 0
<NET-ASSETS> 61805
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 788
<OTHER-INCOME> 0
<EXPENSES-NET> 46
<NET-INVESTMENT-INCOME> 742
<REALIZED-GAINS-CURRENT> 0
<APPREC-INCREASE-CURRENT> 0
<NET-CHANGE-FROM-OPS> 742
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 742
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 70658
<NUMBER-OF-SHARES-REDEEMED> 9466
<SHARES-REINVESTED> 613
<NET-CHANGE-IN-ASSETS> 61805
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 30
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 46
<AVERAGE-NET-ASSETS> 53482
<PER-SHARE-NAV-BEGIN> 1
<PER-SHARE-NII> .01
<PER-SHARE-GAIN-APPREC> 0
<PER-SHARE-DIVIDEND> .01
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 1
<EXPENSE-RATIO> .33
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
