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<PAGE> PAGE 5
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<PAGE> PAGE 7
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<PAGE> PAGE 8
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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 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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SIGNATURE JYLANNE DUNNE
TITLE ASSISTANT TREASURER
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 3
<NAME> VIP ASSET ALLOCATION
<S> <C>
<PERIOD-TYPE> YEAR
<FISCAL-YEAR-END> DEC-31-1997
<PERIOD-END> DEC-31-1997
<INVESTMENTS-AT-COST> 37,154,003
<INVESTMENTS-AT-VALUE> 42,704,585
<RECEIVABLES> 2,997,736
<ASSETS-OTHER> 481
<OTHER-ITEMS-ASSETS> 329
<TOTAL-ASSETS> 45,703,131
<PAYABLE-FOR-SECURITIES> 3,105,872
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 62,053
<TOTAL-LIABILITIES> 3,167,925
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 36,695,104
<SHARES-COMMON-STOCK> 2,925,304
<SHARES-COMMON-PRIOR> 1,804,021
<ACCUMULATED-NII-CURRENT> 14,468
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 275,052
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 5,550,582
<NET-ASSETS> 42,535,206
<DIVIDEND-INCOME> 213,516
<INTEREST-INCOME> 1,073,967
<OTHER-INCOME> 0
<EXPENSES-NET> 375,473
<NET-INVESTMENT-INCOME> 912,010
<REALIZED-GAINS-CURRENT> 2,548,910
<APPREC-INCREASE-CURRENT> 1,884,101
<NET-CHANGE-FROM-OPS> 5,345,021
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 897,607
<DISTRIBUTIONS-OF-GAINS> 2,452,737
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 15,999,740
<NUMBER-OF-SHARES-REDEEMED> 2,923,674
<SHARES-REINVESTED> 3,350,344
<NET-CHANGE-IN-ASSETS> 18,421,087
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 178,944
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 235,784
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 391,800
<AVERAGE-NET-ASSETS> 31,437,846
<PER-SHARE-NAV-BEGIN> 13.37
<PER-SHARE-NII> .40
<PER-SHARE-GAIN-APPREC> 2.11
<PER-SHARE-DIVIDEND> (.40)
<PER-SHARE-DISTRIBUTIONS> (.94)
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 14.54
<EXPENSE-RATIO> 1.19
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 2
<NAME> VIP EQUITY
<S> <C>
<PERIOD-TYPE> YEAR
<FISCAL-YEAR-END> DEC-31-1997
<PERIOD-END> DEC-31-1997
<INVESTMENTS-AT-COST> 43,685,105
<INVESTMENTS-AT-VALUE> 69,826,225
<RECEIVABLES> 155,971
<ASSETS-OTHER> 269
<OTHER-ITEMS-ASSETS> 133
<TOTAL-ASSETS> 69,982,598
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 119,637
<TOTAL-LIABILITIES> 119,637
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 43,916,048
<SHARES-COMMON-STOCK> 3,550,451
<SHARES-COMMON-PRIOR> 2,968,723
<ACCUMULATED-NII-CURRENT> 16,360
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 0
<OVERDISTRIBUTION-GAINS> 210,567
<ACCUM-APPREC-OR-DEPREC> 26,141,120
<NET-ASSETS> 69,862,961
<DIVIDEND-INCOME> 665,075
<INTEREST-INCOME> 673,073
<OTHER-INCOME> 0
<EXPENSES-NET> 633,870
<NET-INVESTMENT-INCOME> 704,278
<REALIZED-GAINS-CURRENT> 95,675
<APPREC-INCREASE-CURRENT> 12,942,969
<NET-CHANGE-FROM-OPS> 13,742,922
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 687,918
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 13,908,741
<NUMBER-OF-SHARES-REDEEMED> 4,030,553
<SHARES-REINVESTED> 987,918
<NET-CHANGE-IN-ASSETS> 23,621,110
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 306,242
<GROSS-ADVISORY-FEES> 440,287
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 633,870
<AVERAGE-NET-ASSETS> 58,704,981
<PER-SHARE-NAV-BEGIN> 15.58
<PER-SHARE-NII> .21
<PER-SHARE-GAIN-APPREC> 4.10
<PER-SHARE-DIVIDEND> (.21)
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 19.68
<EXPENSE-RATIO> 1.08
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 4
<NAME> VIP HIGH QUALITY BOND
<S> <C>
<PERIOD-TYPE> YEAR
<FISCAL-YEAR-END> DEC-31-1997
<PERIOD-END> DEC-31-1997
<INVESTMENTS-AT-COST> 13,836,160
<INVESTMENTS-AT-VALUE> 14,205,885
<RECEIVABLES> 416,624
<ASSETS-OTHER> 259
<OTHER-ITEMS-ASSETS> 186
<TOTAL-ASSETS> 14,622,954
<PAYABLE-FOR-SECURITIES> 146,024
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 19,804
<TOTAL-LIABILITIES> 165,828
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 14,339,860
<SHARES-COMMON-STOCK> 1,401,691
<SHARES-COMMON-PRIOR> 1,182,359
<ACCUMULATED-NII-CURRENT> 4,934
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 0
<OVERDISTRIBUTION-GAINS> 257,393
<ACCUM-APPREC-OR-DEPREC> 369,725
<NET-ASSETS> 14,457,126
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 791,419
<OTHER-INCOME> 0
<EXPENSES-NET> 92,941
<NET-INVESTMENT-INCOME> 698,478
<REALIZED-GAINS-CURRENT> 115,244
<APPREC-INCREASE-CURRENT> 271,208
<NET-CHANGE-FROM-OPS> 1,084,930
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 698,466
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 3,442,357
<NUMBER-OF-SHARES-REDEEMED> 1,884,226
<SHARES-REINVESTED> 698,466
<NET-CHANGE-IN-ASSETS> 2,643,061
<ACCUMULATED-NII-PRIOR> 1,065
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 368,779
<GROSS-ADVISORY-FEES> 65,975
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 173,086
<AVERAGE-NET-ASSETS> 11,995,429
<PER-SHARE-NAV-BEGIN> 9.99
<PER-SHARE-NII> .58
<PER-SHARE-GAIN-APPREC> .32
<PER-SHARE-DIVIDEND> (.58)
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 10.31
<EXPENSE-RATIO> .77
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 1
<NAME> VIP MONEY MARKET
<S> <C>
<PERIOD-TYPE> YEAR
<FISCAL-YEAR-END> DEC-31-1997
<PERIOD-END> DEC-31-1997
<INVESTMENTS-AT-COST> 15,347,223
<INVESTMENTS-AT-VALUE> 15,347,223
<RECEIVABLES> 9,736
<ASSETS-OTHER> 904
<OTHER-ITEMS-ASSETS> 293
<TOTAL-ASSETS> 15358156
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 28,251
<TOTAL-LIABILITIES> 25,251
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 15,329,724
<SHARES-COMMON-STOCK> 15,329,724
<SHARES-COMMON-PRIOR> 16,295,115
<ACCUMULATED-NII-CURRENT> 284
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 0
<OVERDISTRIBUTION-GAINS> 103
<ACCUM-APPREC-OR-DEPREC> 0
<NET-ASSETS> 15,329,905
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 858,018
<OTHER-INCOME> 0
<EXPENSES-NET> 104,019
<NET-INVESTMENT-INCOME> 753,999
<REALIZED-GAINS-CURRENT> 5
<APPREC-INCREASE-CURRENT> 0
<NET-CHANGE-FROM-OPS> 754,004
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 753,999
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 7,556,021
<NUMBER-OF-SHARES-REDEEMED> 9,275,409
<SHARES-REINVESTED> 753,997
<NET-CHANGE-IN-ASSETS> (965,386)
<ACCUMULATED-NII-PRIOR> 284
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 108
<GROSS-ADVISORY-FEES> 61,827
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 173,804
<AVERAGE-NET-ASSETS> 15,456,668
<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> .67
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
