CAPITAL APPRECIATION PORTFOLIO /MD/
NSAR-A, EX-27.0, 2000-06-05
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<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000895571
<NAME> CAPITAL APPRECIATION PORTFOLIO

<S>                             <C>
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          SEP-30-2000
<PERIOD-END>                               MAR-31-2000
<INVESTMENTS-AT-COST>                         29029900
<INVESTMENTS-AT-VALUE>                        44614801
<RECEIVABLES>                                   234672
<ASSETS-OTHER>                                       0
<OTHER-ITEMS-ASSETS>                               313
<TOTAL-ASSETS>                                44849786
<PAYABLE-FOR-SECURITIES>                        395539
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                        40734
<TOTAL-LIABILITIES>                             436273
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                      28828612
<SHARES-COMMON-STOCK>                                0
<SHARES-COMMON-PRIOR>                                0
<ACCUMULATED-NII-CURRENT>                            0
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                              0
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                      15584901
<NET-ASSETS>                                  44413513
<DIVIDEND-INCOME>                               136482
<INTEREST-INCOME>                                    0
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                  106224
<NET-INVESTMENT-INCOME>                          30258
<REALIZED-GAINS-CURRENT>                       5319833
<APPREC-INCREASE-CURRENT>                     10271766
<NET-CHANGE-FROM-OPS>                         15621857
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                            0
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                              0
<NUMBER-OF-SHARES-REDEEMED>                          0
<SHARES-REINVESTED>                                  0
<NET-CHANGE-IN-ASSETS>                        15672941
<ACCUMULATED-NII-PRIOR>                          30079
<ACCUMULATED-GAINS-PRIOR>                      5319833
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                           114560
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                 151854
<AVERAGE-NET-ASSETS>                          35842953
<PER-SHARE-NAV-BEGIN>                                0
<PER-SHARE-NII>                                      0
<PER-SHARE-GAIN-APPREC>                              0
<PER-SHARE-DIVIDEND>                                 0
<PER-SHARE-DISTRIBUTIONS>                            0
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                                  0
<EXPENSE-RATIO>                                    .60


</TABLE>


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