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<PAGE> PAGE 2
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<PAGE> PAGE 13
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SIGNATURE GREGORY F. MCMURRAN
TITLE TREASURER
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<NAME> ANALYTIC SERIES FUND
<SERIES>
<NUMBER> 03
<NAME> ENHANCED EQUITY PORTFOLIO
<MULTIPLIER> 1,000
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> DEC-31-1997
<PERIOD-START> JAN-01-1997
<PERIOD-END> DEC-31-1997
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<TOTAL-LIABILITIES> 83
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 6,846
<SHARES-COMMON-STOCK> 534
<SHARES-COMMON-PRIOR> 291
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> (1)
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<OVERDISTRIBUTION-GAINS> (12)
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<DIVIDEND-INCOME> 92
<INTEREST-INCOME> 17
<OTHER-INCOME> 0
<EXPENSES-NET> (50)
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<REALIZED-GAINS-CURRENT> 843
<APPREC-INCREASE-CURRENT> 268
<NET-CHANGE-FROM-OPS> 1,170
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (64)
<DISTRIBUTIONS-OF-GAINS> (854)
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 411
<NUMBER-OF-SHARES-REDEEMED> (232)
<SHARES-REINVESTED> 65
<NET-CHANGE-IN-ASSETS> 3,812
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> (2)
<OVERDISTRIB-NII-PRIOR> 0
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<INTEREST-EXPENSE> 0
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<AVERAGE-NET-ASSETS> 5,055
<PER-SHARE-NAV-BEGIN> 12.09
<PER-SHARE-NII> 0.15
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<PER-SHARE-DIVIDEND> (1.97)
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<PER-SHARE-NAV-END> 13.72
<EXPENSE-RATIO> 1.00
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
