CAPITAL APPRECIATION PORTFOLIO
NSAR-AT, 1996-05-29
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<PAGE>     
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<PAGE>     
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SIGNATURE   DAVID J. KEALEY                              
TITLE       SR. ADMINISTRATOR   
 


<TABLE> <S> <C>

<ARTICLE> 6
<LEGEND>
This schedule contains Summary Financial Information extracted from the Capital
Appreciation Portfolio Semiannual Report dated March 31, 1996, and is qualified
in its entirety by reference to such Semiannual Report.
</LEGEND>
<CIK> 0000895571
<NAME> CAPITAL APPRECIATION PORTFOLIO
       
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