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Previous: INSURED MUNICIPALS INC TR & INV QUAL TAX EX TR MULTI SER 268, 487, 1996-02-29 |
Next: NUVEEN INSURED FLORIDA PREMIUM INCOME MUNICIPAL FUND 2, NSAR-A, 1996-02-29 |
<PAGE> PAGE 1
000 B000000 12/31/95
000 C000000 0000897020
000 D000000 N
000 E000000 NC
000 F000000 Y
000 G000000 N
000 H000000 N
000 I000000 3.0.a
000 J000000 A
001 A000000 THE SIERRA VARIABLE TRUST
001 B000000 811-7462
001 C000000 8187250200
002 A000000 9301 CORBIN AVENUE, SUITE 333
002 B000000 NORTHRIDGE
002 C000000 CA
002 D010000 91324
003 000000 N
004 000000 N
005 000000 N
006 000000 N
007 A000000 Y
007 B000000 9
007 C010100 1
007 C020100 GLOBAL MONEY FUND
007 C030100 N
007 C010200 2
007 C020200 GROWTH FUND
007 C030200 N
007 C010300 3
007 C020300 INTERNATIONAL GROWTH FUND
007 C030300 N
007 C010400 4
007 C020400 U.S. GOVERNMENT FUND
007 C030400 N
007 C010500 5
007 C020500 CORPORATE INCOME FUND
007 C030500 N
007 C010600 6
007 C020600 EMERGING GROWTH FUND
007 C030600 N
007 C010700 7
007 C020700 GROWTH AND INCOME FUND
007 C030700 N
007 C010800 8
007 C020800 SHORT TERM HIGH QUALITY BOND FUND
007 C030800 N
007 C010900 9
007 C011000 10
007 C011100 11
007 C011200 12
007 C011300 13
<PAGE> PAGE 2
007 C011400 14
007 C011500 15
007 C011600 16
007 C011700 17
007 C011800 18
007 C011900 19
007 C012000 20
008 A000101 SIERRA INVESTMENT ADVISORS CORPORATION
008 B000101 A
008 C000101 801-32921
008 D010101 NORTHRIDGE
008 D020101 CA
008 D030101 91324
008 A000102 J.P. MORGAN INVESTMENT MANAGEMENT, INC.
008 B000102 S
008 C000102 801-21011
008 D010102 NEW YORK
008 D020102 NY
008 D030102 10036
010 A000201 SIERRA INVESTMENT ADVISORS CORPORATION
010 B000201 801-32921
010 C010201 NORTHRIDGE
010 C020201 CA
010 C030201 91324
010 A000202 JANUS CAPITAL CORPORATION
010 B000202 810-13991
010 C010202 DENVER
010 C020202 CO
010 C030202 80206
SIGNATURE CRAIG M. MILLER
TITLE ASSISTANT TREASURER
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 1
<NAME> SVT GLOBAL MONEY FUND
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> DEC-31-1995
<PERIOD-END> DEC-31-1995
<INVESTMENTS-AT-COST> 20,357,101
<INVESTMENTS-AT-VALUE> 20,357,101
<RECEIVABLES> 27,384
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 16,705
<TOTAL-ASSETS> 20,401,190
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 28,316
<TOTAL-LIABILITIES> 28,316
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 20,360,832
<SHARES-COMMON-STOCK> 20,369,543
<SHARES-COMMON-PRIOR> 6,158,879
<ACCUMULATED-NII-CURRENT> 8,764
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 3,278
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 0
<NET-ASSETS> 20,372,874
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 660,151
<OTHER-INCOME> 0
<EXPENSES-NET> 57,251
<NET-INVESTMENT-INCOME> 602,900
<REALIZED-GAINS-CURRENT> 3,309
<APPREC-INCREASE-CURRENT> 0
<NET-CHANGE-FROM-OPS> 606,209
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (602,900)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 19,730,400
<NUMBER-OF-SHARES-REDEEMED> (6,122,636)
<SHARES-REINVESTED> 602,900
<NET-CHANGE-IN-ASSETS> 14,213,973
<ACCUMULATED-NII-PRIOR> 5,473
<ACCUMULATED-GAINS-PRIOR> (31)
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 56,870
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 115,194
<AVERAGE-NET-ASSETS> 11,374,044
<PER-SHARE-NAV-BEGIN> 1.00
<PER-SHARE-NII> 0.05
<PER-SHARE-GAIN-APPREC> 0.00
<PER-SHARE-DIVIDEND> (0.05)
<PER-SHARE-DISTRIBUTIONS> 0.00
<RETURNS-OF-CAPITAL> 0.00
<PER-SHARE-NAV-END> 1.00
<EXPENSE-RATIO> 0.50
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 2
<NAME> SVT GROWTH FUND
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> DEC-31-1995
<PERIOD-END> DEC-31-1995
<INVESTMENTS-AT-COST> 85,759,726
<INVESTMENTS-AT-VALUE> 99,433,107
<RECEIVABLES> 733,115
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 89,498
<TOTAL-ASSETS> 100,255,720
<PAYABLE-FOR-SECURITIES> 284,251
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 272,556
<TOTAL-LIABILITIES> 556,807
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 73,096,985
<SHARES-COMMON-STOCK> 6,342,412
<SHARES-COMMON-PRIOR> 5,465,399
<ACCUMULATED-NII-CURRENT> 12,981
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 13,024,922
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 13,564,025
<NET-ASSETS> 99,698,913
<DIVIDEND-INCOME> 551,582
<INTEREST-INCOME> 670,896
<OTHER-INCOME> 0
<EXPENSES-NET> 989,271
<NET-INVESTMENT-INCOME> 233,207
<REALIZED-GAINS-CURRENT> 13,163,281
<APPREC-INCREASE-CURRENT> 11,252,480
<NET-CHANGE-FROM-OPS> 24,648,968
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (231,062)
<DISTRIBUTIONS-OF-GAINS> (2,321)
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 1,131,853
<NUMBER-OF-SHARES-REDEEMED> (271,654)
<SHARES-REINVESTED> 16,814
<NET-CHANGE-IN-ASSETS> 36,936,342
<ACCUMULATED-NII-PRIOR> 274,870
<ACCUMULATED-GAINS-PRIOR> (403,363)
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 718,734
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 993,642
<AVERAGE-NET-ASSETS> 79,998,135
<PER-SHARE-NAV-BEGIN> 11.48
<PER-SHARE-NII> 0.04
<PER-SHARE-GAIN-APPREC> 4.24
<PER-SHARE-DIVIDEND> (0.04)
<PER-SHARE-DISTRIBUTIONS> (0.00)
<RETURNS-OF-CAPITAL> 0.00
<PER-SHARE-NAV-END> 15.72
<EXPENSE-RATIO> 1.24
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 3
<NAME> SVT INTERNATIONAL FUND
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> DEC-31-1995
<PERIOD-END> DEC-31-1995
<INVESTMENTS-AT-COST> 43,329,626
<INVESTMENTS-AT-VALUE> 44,828,008
<RECEIVABLES> 161,553
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 1,141,298
<TOTAL-ASSETS> 46,130,859
<PAYABLE-FOR-SECURITIES> 109,487
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 112,514
<TOTAL-LIABILITIES> 222,001
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 44,254,550
<SHARES-COMMON-STOCK> 3,790,504
<SHARES-COMMON-PRIOR> 4,055,147
<ACCUMULATED-NII-CURRENT> 702,004
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (569,940)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 1,522,244
<NET-ASSETS> 45,908,858
<DIVIDEND-INCOME> 860,576
<INTEREST-INCOME> 169,378
<OTHER-INCOME> 0
<EXPENSES-NET> 636,220
<NET-INVESTMENT-INCOME> 393,734
<REALIZED-GAINS-CURRENT> (123,145)
<APPREC-INCREASE-CURRENT> 2,505,368
<NET-CHANGE-FROM-OPS> 2,775,957
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (3,103)
<DISTRIBUTIONS-OF-GAINS> (440,869)
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 430,784
<NUMBER-OF-SHARES-REDEEMED> (734,961)
<SHARES-REINVESTED> 39,534
<NET-CHANGE-IN-ASSETS> (620,073)
<ACCUMULATED-NII-PRIOR> 38,824
<ACCUMULATED-GAINS-PRIOR> 263,332
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 411,331
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 640,832
<AVERAGE-NET-ASSETS> 43,298,049
<PER-SHARE-NAV-BEGIN> 11.47
<PER-SHARE-NII> 0.18
<PER-SHARE-GAIN-APPREC> 0.58
<PER-SHARE-DIVIDEND> (0.00)
<PER-SHARE-DISTRIBUTIONS> (0.12)
<RETURNS-OF-CAPITAL> 0.00
<PER-SHARE-NAV-END> 12.11
<EXPENSE-RATIO> 1.47
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 4
<NAME> SVT U.S. GOVERNMENT FUND
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> DEC-31-1995
<PERIOD-END> DEC-31-1995
<INVESTMENTS-AT-COST> 57,107,881
<INVESTMENTS-AT-VALUE> 59,412,039
<RECEIVABLES> 574,703
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 56,920
<TOTAL-ASSETS> 60,043,662
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 7,740,168
<TOTAL-LIABILITIES> 7,740,168
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 52,108,968
<SHARES-COMMON-STOCK> 5,229,508
<SHARES-COMMON-PRIOR> 4,772,794
<ACCUMULATED-NII-CURRENT> 20,383
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (2,083,272)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 2,257,415
<NET-ASSETS> 52,303,494
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 3,947,453
<OTHER-INCOME> 34,512
<EXPENSES-NET> 831,058
<NET-INVESTMENT-INCOME> 3,150,907
<REALIZED-GAINS-CURRENT> (1,055,040)
<APPREC-INCREASE-CURRENT> 5,154,571
<NET-CHANGE-FROM-OPS> 7,250,438
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (3,097,100)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 699,076
<NUMBER-OF-SHARES-REDEEMED> (559,408)
<SHARES-REINVESTED> 317,046
<NET-CHANGE-IN-ASSETS> 8,721,666
<ACCUMULATED-NII-PRIOR> 43,240
<ACCUMULATED-GAINS-PRIOR> (1,108,187)
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 282,956
<INTEREST-EXPENSE> 357,918
<GROSS-EXPENSE> 840,015
<AVERAGE-NET-ASSETS> 47,159,322
<PER-SHARE-NAV-BEGIN> 9.13
<PER-SHARE-NII> 0.64
<PER-SHARE-GAIN-APPREC> 0.87
<PER-SHARE-DIVIDEND> (0.64)
<PER-SHARE-DISTRIBUTIONS> 0.00
<RETURNS-OF-CAPITAL> 0.00
<PER-SHARE-NAV-END> 10.00
<EXPENSE-RATIO> 1.00
<AVG-DEBT-OUTSTANDING> 591,776
<AVG-DEBT-PER-SHARE> 0.12
</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 5
<NAME> SVT CORPORATE INCOME FUND
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> DEC-31-1995
<PERIOD-END> DEC-31-1995
<INVESTMENTS-AT-COST> 57,563,292
<INVESTMENTS-AT-VALUE> 61,682,058
<RECEIVABLES> 1,119,019
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 14,404
<TOTAL-ASSETS> 62,815,481
<PAYABLE-FOR-SECURITIES> 1,029,940
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 1,109,291
<TOTAL-LIABILITIES> 2,139,231
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 58,626,990
<SHARES-COMMON-STOCK> 5,792,000
<SHARES-COMMON-PRIOR> 6,036,768
<ACCUMULATED-NII-CURRENT> 29,513
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (2,099,005)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 4,118,752
<NET-ASSETS> 60,676,250
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 4,498,682
<OTHER-INCOME> 10,731
<EXPENSES-NET> 557,186
<NET-INVESTMENT-INCOME> 3,952,227
<REALIZED-GAINS-CURRENT> (644,235)
<APPREC-INCREASE-CURRENT> 9,369,643
<NET-CHANGE-FROM-OPS> 12,677,635
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (4,433,630)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 489,186
<NUMBER-OF-SHARES-REDEEMED> (1,183,596)
<SHARES-REINVESTED> 449,642
<NET-CHANGE-IN-ASSETS> 5,970,799
<ACCUMULATED-NII-PRIOR> 521,326
<ACCUMULATED-GAINS-PRIOR> (1,468,471)
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 367,022
<INTEREST-EXPENSE> 153
<GROSS-EXPENSE> 558,250
<AVERAGE-NET-ASSETS> 56,464,989
<PER-SHARE-NAV-BEGIN> 9.06
<PER-SHARE-NII> 0.70
<PER-SHARE-GAIN-APPREC> 1.50
<PER-SHARE-DIVIDEND> (0.78)
<PER-SHARE-DISTRIBUTIONS> 0.00
<RETURNS-OF-CAPITAL> 0.00
<PER-SHARE-NAV-END> 10.48
<EXPENSE-RATIO> 0.99
<AVG-DEBT-OUTSTANDING> 573,736
<AVG-DEBT-PER-SHARE> 0.10
</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 6
<NAME> SVT SHORT TERM GLOBAL GOVERNMENT FUND
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> DEC-31-1995
<PERIOD-END> DEC-31-1995
<INVESTMENTS-AT-COST> 22,742,927
<INVESTMENTS-AT-VALUE> 23,410,534
<RECEIVABLES> 1,154,090
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 14,704
<TOTAL-ASSETS> 24,579,328
<PAYABLE-FOR-SECURITIES> 384,316
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 390,418
<TOTAL-LIABILITIES> 774,734
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 23,322,194
<SHARES-COMMON-STOCK> 9,536,788
<SHARES-COMMON-PRIOR> 12,668,587
<ACCUMULATED-NII-CURRENT> 323,195
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (309,022)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 468,227
<NET-ASSETS> 23,804,594
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 2,033,366
<OTHER-INCOME> 0
<EXPENSES-NET> 340,464
<NET-INVESTMENT-INCOME> 1,692,902
<REALIZED-GAINS-CURRENT> (990,886)
<APPREC-INCREASE-CURRENT> 1,264,750
<NET-CHANGE-FROM-OPS> 1,966,766
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (375,446)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 1,661,187
<NUMBER-OF-SHARES-REDEEMED> (4,943,164)
<SHARES-REINVESTED> 150,178
<NET-CHANGE-IN-ASSETS> (5,999,296)
<ACCUMULATED-NII-PRIOR> 9,731
<ACCUMULATED-GAINS-PRIOR> (325,419)
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 204,272
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 343,769
<AVERAGE-NET-ASSETS> 27,236,285
<PER-SHARE-NAV-BEGIN> 2.35
<PER-SHARE-NII> 0.07
<PER-SHARE-GAIN-APPREC> 0.12
<PER-SHARE-DIVIDEND> (0.04)
<PER-SHARE-DISTRIBUTIONS> 0.00
<RETURNS-OF-CAPITAL> 0.00
<PER-SHARE-NAV-END> 2.50
<EXPENSE-RATIO> 1.25
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 7
<NAME> SVT EMERGING GROWTH FUND
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> DEC-31-1995
<PERIOD-END> DEC-31-1995
<INVESTMENTS-AT-COST> 38,057,556
<INVESTMENTS-AT-VALUE> 46,118,228
<RECEIVABLES> 324,261
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 67,698
<TOTAL-ASSETS> 46,510,187
<PAYABLE-FOR-SECURITIES> 362,249
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 89,538
<TOTAL-LIABILITIES> 451,787
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 36,444,313
<SHARES-COMMON-STOCK> 3,350,979
<SHARES-COMMON-PRIOR> 1,888,634
<ACCUMULATED-NII-CURRENT> 6,696
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 1,556,967
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 8,050,424
<NET-ASSETS> 46,058,400
<DIVIDEND-INCOME> 97,158
<INTEREST-INCOME> 161,398
<OTHER-INCOME> 0
<EXPENSES-NET> 366,277
<NET-INVESTMENT-INCOME> (107,721)
<REALIZED-GAINS-CURRENT> 2,215,290
<APPREC-INCREASE-CURRENT> 6,817,899
<NET-CHANGE-FROM-OPS> 8,925,468
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (106,321)
<DISTRIBUTIONS-OF-GAINS> (1,520)
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 1,510,732
<NUMBER-OF-SHARES-REDEEMED> (57,838)
<SHARES-REINVESTED> 9,451
<NET-CHANGE-IN-ASSETS> 26,173,671
<ACCUMULATED-NII-PRIOR> 106,321
<ACCUMULATED-GAINS-PRIOR> (542,386)
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 270,758
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 388,405
<AVERAGE-NET-ASSETS> 30,462,543
<PER-SHARE-NAV-BEGIN> 10.53
<PER-SHARE-NII> (0.01)
<PER-SHARE-GAIN-APPREC> 3.26
<PER-SHARE-DIVIDEND> (0.04)
<PER-SHARE-DISTRIBUTIONS> (0.00)
<RETURNS-OF-CAPITAL> 0.00
<PER-SHARE-NAV-END> 13.74
<EXPENSE-RATIO> 1.20
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 8
<NAME> SVT GROWTH AND INCOME FUND
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> DEC-31-1995
<PERIOD-END> DEC-31-1995
<INVESTMENTS-AT-COST> 41,969,519
<INVESTMENTS-AT-VALUE> 45,848,646
<RECEIVABLES> 640,625
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 1,400
<TOTAL-ASSETS> 46,490,671
<PAYABLE-FOR-SECURITIES> 52,888
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 75,941
<TOTAL-LIABILITIES> 128,829
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 38,041,238
<SHARES-COMMON-STOCK> 3,612,541
<SHARES-COMMON-PRIOR> 2,534,217
<ACCUMULATED-NII-CURRENT> 436,763
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 4,004,714
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 3,879,127
<NET-ASSETS> 46,361,842
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<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (178,328)
<DISTRIBUTIONS-OF-GAINS> (277,094)
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<NUMBER-OF-SHARES-SOLD> 1,230,772
<NUMBER-OF-SHARES-REDEEMED> (192,119)
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<GROSS-EXPENSE> 390,768
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<PER-SHARE-NAV-BEGIN> 9.83
<PER-SHARE-NII> 0.12
<PER-SHARE-GAIN-APPREC> 3.05
<PER-SHARE-DIVIDEND> (0.07)
<PER-SHARE-DISTRIBUTIONS> (0.10)
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<PER-SHARE-NAV-END> 12.83
<EXPENSE-RATIO> 1.06
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 9
<NAME> SVT SHORT TERM HIGH QUALITY
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> DEC-31-1995
<PERIOD-END> DEC-31-1995
<INVESTMENTS-AT-COST> 12,611,750
<INVESTMENTS-AT-VALUE> 12,808,229
<RECEIVABLES> 108,640
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 8,803
<TOTAL-ASSETS> 12,925,672
<PAYABLE-FOR-SECURITIES> 533,942
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 27,034
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<PAID-IN-CAPITAL-COMMON> 12,303,717
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<SHARES-COMMON-PRIOR> 6,513,809
<ACCUMULATED-NII-CURRENT> 26,628
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (162,128)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 196,479
<NET-ASSETS> 12,364,696
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<NET-INVESTMENT-INCOME> 864,781
<REALIZED-GAINS-CURRENT> (254,466)
<APPREC-INCREASE-CURRENT> 630,236
<NET-CHANGE-FROM-OPS> 1,240,551
<EQUALIZATION> 0
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<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 1,815,328
<NUMBER-OF-SHARES-REDEEMED> (3,648,620)
<SHARES-REINVESTED> 276,815
<NET-CHANGE-IN-ASSETS> (3,182,681)
<ACCUMULATED-NII-PRIOR> 45,834
<ACCUMULATED-GAINS-PRIOR> (139,185)
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
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<INTEREST-EXPENSE> 0
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<PER-SHARE-NII> 0.12
<PER-SHARE-GAIN-APPREC> 0.10
<PER-SHARE-DIVIDEND> (0.12)
<PER-SHARE-DISTRIBUTIONS> 0.00
<RETURNS-OF-CAPITAL> 0.00
<PER-SHARE-NAV-END> 2.49
<EXPENSE-RATIO> 0.85
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
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