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<PAGE> PAGE 11
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<PAGE> PAGE 15
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<PAGE> PAGE 19
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<PAGE> PAGE 41
070 B021000 N
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070 D021000 N
070 E011000 N
070 E021000 N
070 F011000 N
070 F021000 N
070 G011000 N
070 G021000 N
070 H011000 N
070 H021000 N
070 I011000 N
070 I021000 N
070 J011000 N
070 J021000 N
070 K011000 Y
070 K021000 Y
070 L011000 N
070 L021000 N
070 M011000 N
070 M021000 N
070 N011000 N
070 N021000 N
070 O011000 N
070 O021000 N
070 P011000 N
070 P021000 N
070 Q011000 N
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<PAGE> PAGE 42
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<PAGE> PAGE 43
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008 A001101 DIVERSIFIED INVESTMENT ADVISORS, INC.
008 B001101 A
008 C001101 801-42910
008 D011101 PURCHASE
008 D021101 NY
008 D031101 10577
012 A001101 DIVERSIFIED INVESTMENT ADVISORS, INC.
012 B001101 84-5484
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<PAGE> PAGE 44
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<PAGE> PAGE 45
070 H021100 N
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070 K011100 Y
070 K021100 Y
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<PAGE> PAGE 46
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008 B001201 A
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<PAGE> PAGE 47
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<PAGE> PAGE 48
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<PAGE> PAGE 49
070 N021200 N
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<PAGE> PAGE 50
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008 A001301 DIVERSIFIED INVESTMENT ADVISORS, INC.
008 B001301 A
008 C001301 801-42910
008 D011301 PURCHASE
008 D021301 NY
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012 B001301 84-5484
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<PAGE> PAGE 51
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<PAGE> PAGE 52
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<PAGE> PAGE 53
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<PAGE> PAGE 54
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008 A001401 DIVERSIFIED INVESTMENT ADVISORS, INC.
008 B001401 A
008 C001401 801-42910
008 D011401 PURCHASE
008 D021401 NY
008 D031401 10577
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008 B001402 S
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008 D011402 LITTLE ROCK
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012 A001401 STEPHENS, INC.
012 B001401 84-0000
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<PAGE> PAGE 55
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<PAGE> PAGE 56
054 D001400 N
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054 H001400 N
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<PAGE> PAGE 57
070 J021400 N
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<PAGE> PAGE 58
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008 A001501 DIVERSIFIED INVESTMENT ADVISORS, INC.
008 B001501 A
008 C001501 801-42910
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<PAGE> PAGE 59
008 D031502 72201
012 A001501 STEPHENS, INC.
012 B001501 84-0000
012 C011501 LITTLE ROCK
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<PAGE> PAGE 60
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054 E001500 N
054 F001500 N
054 G001500 N
054 H001500 N
054 I001500 N
054 J001500 N
054 K001500 N
054 L001500 N
054 M001500 N
054 N001500 N
054 O001500 N
062 A001500 N
062 B001500 0.0
062 C001500 0.0
062 D001500 0.0
062 E001500 0.0
062 F001500 0.0
062 G001500 0.0
062 H001500 0.0
062 I001500 0.0
062 J001500 0.0
062 K001500 0.0
062 L001500 0.0
062 M001500 0.0
062 N001500 0.0
062 O001500 0.0
062 P001500 0.0
062 Q001500 0.0
062 R001500 0.0
070 A011500 Y
<PAGE> PAGE 61
070 A021500 N
070 B011500 Y
070 B021500 N
070 C011500 N
070 C021500 N
070 D011500 N
070 D021500 N
070 E011500 Y
070 E021500 N
070 F011500 N
070 F021500 N
070 G011500 Y
070 G021500 N
070 H011500 N
070 H021500 N
070 I011500 N
070 I021500 N
070 J011500 Y
070 J021500 N
070 K011500 N
070 K021500 N
070 L011500 Y
070 L021500 N
070 M011500 N
070 M021500 N
070 N011500 Y
070 N021500 N
070 O011500 N
070 O021500 N
070 P011500 N
070 P021500 N
070 Q011500 N
070 Q021500 N
070 R011500 N
070 R021500 N
071 A001500 0
071 B001500 0
071 C001500 0
071 D001500 0
072 A001500 6
072 B001500 4
072 C001500 0
072 D001500 0
072 E001500 0
072 F001500 0
072 G001500 0
072 H001500 0
072 I001500 0
072 J001500 0
072 K001500 0
072 L001500 2
<PAGE> PAGE 62
072 M001500 1
072 N001500 10
072 O001500 0
072 P001500 0
072 Q001500 3
072 R001500 7
072 S001500 4
072 T001500 0
072 U001500 0
072 V001500 0
072 W001500 0
072 X001500 27
072 Y001500 27
072 Z001500 0
072AA001500 0
072BB001500 0
072CC011500 0
072CC021500 0
072DD011500 0
072DD021500 0
072EE001500 0
073 A011500 0.0000
073 A021500 0.0000
073 B001500 0.0000
073 C001500 0.0000
074 A001500 0
074 B001500 0
074 C001500 0
074 D001500 0
074 E001500 0
074 F001500 0
074 G001500 0
074 H001500 0
074 I001500 0
074 J001500 0
074 K001500 88
074 L001500 0
074 M001500 0
074 N001500 88
074 O001500 0
074 P001500 0
074 Q001500 0
074 R011500 0
074 R021500 0
074 R031500 0
074 R041500 86
074 S001500 0
074 T001500 2
074 U011500 0
074 U021500 0
074 V011500 0.00
<PAGE> PAGE 63
074 V021500 0.00
074 W001500 0.0000
074 X001500 1
074 Y001500 0
075 A001500 0
075 B001500 2
076 001500 0.00
SIGNATURE ALFRED C. SYLVAIN
TITLE VICE PRESIDENT
[ARTICLE] 6
[CIK]
[NAME] MONEY MARKET DIVERSIFIED CLASS
[MULTIPLIER] 1
<TABLE>
<S> <C>
[PERIOD-TYPE] 6-MOS
[FISCAL-YEAR-END] DEC-31-1999
[PERIOD-END] JUN-30-1999
[INVESTMENTS-AT-COST] 0
[INVESTMENTS-AT-VALUE] 0
[RECEIVABLES] 0
[ASSETS-OTHER] 82959851
[OTHER-ITEMS-ASSETS] 0
[TOTAL-ASSETS] 82959851
[PAYABLE-FOR-SECURITIES] 0
[SENIOR-LONG-TERM-DEBT] 0
[OTHER-ITEMS-LIABILITIES] 0
[TOTAL-LIABILITIES] 59967
[SENIOR-EQUITY] 0
[PAID-IN-CAPITAL-COMMON] 81281214
[SHARES-COMMON-STOCK] 7771369
[SHARES-COMMON-PRIOR] 6126606
[ACCUMULATED-NII-CURRENT] 1630933
[OVERDISTRIBUTION-NII] 0
[ACCUMULATED-NET-GAINS] (1614)
[OVERDISTRIBUTION-GAINS] 0
[ACCUM-APPREC-OR-DEPREC] 0
[NET-ASSETS] 82899884
[DIVIDEND-INCOME] 0
[INTEREST-INCOME] 0
[OTHER-INCOME] 1829444
[EXPENSES-NET] 198511
[NET-INVESTMENT-INCOME] 1630933
[REALIZED-GAINS-CURRENT] (1614)
[APPREC-INCREASE-CURRENT] 0
[NET-CHANGE-FROM-OPS] 1629319
[EQUALIZATION] 0
[DISTRIBUTIONS-OF-INCOME] 0
[DISTRIBUTIONS-OF-GAINS] 0
[DISTRIBUTIONS-OTHER] 0
[NUMBER-OF-SHARES-SOLD] 31796530
[NUMBER-OF-SHARES-REDEEMED] (30151768)
[SHARES-REINVESTED] 0
[NET-CHANGE-IN-ASSETS] 18920547
[ACCUMULATED-NII-PRIOR] 0
[ACCUMULATED-GAINS-PRIOR] 0
[OVERDISTRIB-NII-PRIOR] 0
[OVERDIST-NET-GAINS-PRIOR] (2290)
[GROSS-ADVISORY-FEES] 0
[INTEREST-EXPENSE] 0
[GROSS-EXPENSE] 235481
[AVERAGE-NET-ASSETS] 76771958
[PER-SHARE-NAV-BEGIN] 10.44
[PER-SHARE-NII] 0.22
[PER-SHARE-GAIN-APPREC] 0.01
[PER-SHARE-DIVIDEND] 0
[PER-SHARE-DISTRIBUTIONS] 0
[RETURNS-OF-CAPITAL] 0
[PER-SHARE-NAV-END] 10.67
[EXPENSE-RATIO] 0.80
</TABLE>
[ARTICLE] 6
[CIK]
[NAME] HIGH QUALITY BOND
[MULTIPLIER] 1
<TABLE>
<S> <C>
[PERIOD-TYPE] 6-MOS
[FISCAL-YEAR-END] DEC-31-1999
[PERIOD-END] JUN-30-1999
[INVESTMENTS-AT-COST] 0
[INVESTMENTS-AT-VALUE] 0
[RECEIVABLES] 0
[ASSETS-OTHER] 28918394
[OTHER-ITEMS-ASSETS] 0
[TOTAL-ASSETS] 28918394
[PAYABLE-FOR-SECURITIES] 0
[SENIOR-LONG-TERM-DEBT] 0
[OTHER-ITEMS-LIABILITIES] 30163
[TOTAL-LIABILITIES] 30163
[SENIOR-EQUITY] 0
[PAID-IN-CAPITAL-COMMON] 28590183
[SHARES-COMMON-STOCK] 2512770
[SHARES-COMMON-PRIOR] 1846651
[ACCUMULATED-NII-CURRENT] 666129
[OVERDISTRIBUTION-NII] 0
[ACCUMULATED-NET-GAINS] 36437
[OVERDISTRIBUTION-GAINS] 0
[ACCUM-APPREC-OR-DEPREC] (383217)
[NET-ASSETS] 28888226
[DIVIDEND-INCOME] 0
[INTEREST-INCOME] 0
[OTHER-INCOME] 740826
[EXPENSES-NET] 78404
[NET-INVESTMENT-INCOME] 662422
[REALIZED-GAINS-CURRENT] 36436
[APPREC-INCREASE-CURRENT] (460465)
[NET-CHANGE-FROM-OPS] 238393
[EQUALIZATION] 0
[DISTRIBUTIONS-OF-INCOME] 0
[DISTRIBUTIONS-OF-GAINS] 0
[DISTRIBUTIONS-OTHER] 0
[NUMBER-OF-SHARES-SOLD] 983936
[NUMBER-OF-SHARES-REDEEMED] (317817)
[SHARES-REINVESTED] 0
[NET-CHANGE-IN-ASSETS] 7856892
[ACCUMULATED-NII-PRIOR] 3707
[ACCUMULATED-GAINS-PRIOR] 0
[OVERDISTRIB-NII-PRIOR] 0
[OVERDIST-NET-GAINS-PRIOR] (39968)
[GROSS-ADVISORY-FEES] 0
[INTEREST-EXPENSE] 0
[GROSS-EXPENSE] 90714
[AVERAGE-NET-ASSETS] 25806808
[PER-SHARE-NAV-BEGIN] 11.39
[PER-SHARE-NII] 0.29
[PER-SHARE-GAIN-APPREC] (0.18)
[PER-SHARE-DIVIDEND] 0
[PER-SHARE-DISTRIBUTIONS] 0
[RETURNS-OF-CAPITAL] 0
[PER-SHARE-NAV-END] 11.50
[EXPENSE-RATIO] 1.00
</TABLE>
[ARTICLE] 6
[CIK]
[NAME] INTERMEDIATE GOVERNMENT BOND
[MULTIPLIER] 1
<TABLE>
<S> <C>
[PERIOD-TYPE] 6-MOS
[FISCAL-YEAR-END] DEC-31-1999
[PERIOD-END] JUN-30-1999
[INVESTMENTS-AT-COST] 0
[INVESTMENTS-AT-VALUE] 0
[RECEIVABLES] 0
[ASSETS-OTHER] 34158829
[OTHER-ITEMS-ASSETS] 0
[TOTAL-ASSETS] 34158829
[PAYABLE-FOR-SECURITIES] 0
[SENIOR-LONG-TERM-DEBT] 0
[OTHER-ITEMS-LIABILITIES] 31572
[TOTAL-LIABILITIES] 31572
[SENIOR-EQUITY] 0
[PAID-IN-CAPITAL-COMMON] 34017538
[SHARES-COMMON-STOCK] 3108444
[SHARES-COMMON-PRIOR] 2358432
[ACCUMULATED-NII-CURRENT] 723077
[OVERDISTRIBUTION-NII] 0
[ACCUMULATED-NET-GAINS] 57209
[OVERDISTRIBUTION-GAINS] 0
[ACCUM-APPREC-OR-DEPREC] (691976)
[NET-ASSETS] 34127257
[DIVIDEND-INCOME] 0
[INTEREST-INCOME] 0
[OTHER-INCOME] 814518
[EXPENSES-NET] 91441
[NET-INVESTMENT-INCOME] 723077
[REALIZED-GAINS-CURRENT] 57209
[APPREC-INCREASE-CURRENT] (809819)
[NET-CHANGE-FROM-OPS] (29533)
[EQUALIZATION] 0
[DISTRIBUTIONS-OF-INCOME] 0
[DISTRIBUTIONS-OF-GAINS] 0
[DISTRIBUTIONS-OTHER] 0
[NUMBER-OF-SHARES-SOLD] 1066625
[NUMBER-OF-SHARES-REDEEMED] (316612)
[SHARES-REINVESTED] 0
[NET-CHANGE-IN-ASSETS] 8233929
[ACCUMULATED-NII-PRIOR] 0
[ACCUMULATED-GAINS-PRIOR] 0
[OVERDISTRIB-NII-PRIOR] 0
[OVERDIST-NET-GAINS-PRIOR] 0
[GROSS-ADVISORY-FEES] 0
[INTEREST-EXPENSE] 0
[GROSS-EXPENSE] 102752
[AVERAGE-NET-ASSETS] 30158681
[PER-SHARE-NAV-BEGIN] 10.98
[PER-SHARE-NII] 0.26
[PER-SHARE-GAIN-APPREC] (0.26)
[PER-SHARE-DIVIDEND] 0
[PER-SHARE-DISTRIBUTIONS] 0
[RETURNS-OF-CAPITAL] 0
[PER-SHARE-NAV-END] 10.98
[EXPENSE-RATIO] 1.00
</TABLE>
[ARTICLE] 6
[CIK]
[NAME] GOVERNMENT CORPORATE BOND FUND
[MULTIPLIER] 1
<TABLE>
<S> <C>
[PERIOD-TYPE] 6-MOS
[FISCAL-YEAR-END] DEC-31-1999
[PERIOD-END] JUN-30-1999
[INVESTMENTS-AT-COST] 0
[INVESTMENTS-AT-VALUE] 0
[RECEIVABLES] 0
[ASSETS-OTHER] 82860380
[OTHER-ITEMS-ASSETS] 0
[TOTAL-ASSETS] 82860380
[PAYABLE-FOR-SECURITIES] 0
[SENIOR-LONG-TERM-DEBT] 0
[OTHER-ITEMS-LIABILITIES] 67416
[TOTAL-LIABILITIES] 67416
[SENIOR-EQUITY] 0
[PAID-IN-CAPITAL-COMMON] 83548949
[SHARES-COMMON-STOCK] 6666410
[SHARES-COMMON-PRIOR] 5208803
[ACCUMULATED-NII-CURRENT] 2069135
[OVERDISTRIBUTION-NII] 0
[ACCUMULATED-NET-GAINS] (321686)
[OVERDISTRIBUTION-GAINS] 0
[ACCUM-APPREC-OR-DEPREC] (2532272)
[NET-ASSETS] 82792964
[DIVIDEND-INCOME] 0
[INTEREST-INCOME] 0
[OTHER-INCOME] 2310683
[EXPENSES-NET] 241548
[NET-INVESTMENT-INCOME] 2069135
[REALIZED-GAINS-CURRENT] (321686)
[APPREC-INCREASE-CURRENT] (2926796)
[NET-CHANGE-FROM-OPS] (1179347)
[EQUALIZATION] 0
[DISTRIBUTIONS-OF-INCOME] 0
[DISTRIBUTIONS-OF-GAINS] 0
[DISTRIBUTIONS-OTHER] 0
[NUMBER-OF-SHARES-SOLD] 2515660
[NUMBER-OF-SHARES-REDEEMED] (1058055)
[SHARES-REINVESTED] 0
[NET-CHANGE-IN-ASSETS] 17187184
[ACCUMULATED-NII-PRIOR] 0
[ACCUMULATED-GAINS-PRIOR] 0
[OVERDISTRIB-NII-PRIOR] 0
[OVERDIST-NET-GAINS-PRIOR] 0
[GROSS-ADVISORY-FEES] 0
[INTEREST-EXPENSE] 0
[GROSS-EXPENSE] 241988
[AVERAGE-NET-ASSETS] 79037010
[PER-SHARE-NAV-BEGIN] 12.60
[PER-SHARE-NII] 0.33
[PER-SHARE-GAIN-APPREC] (0.51)
[PER-SHARE-DIVIDEND] 0
[PER-SHARE-DISTRIBUTIONS] 0
[RETURNS-OF-CAPITAL] 0
[PER-SHARE-NAV-END] 12.42
[EXPENSE-RATIO] 0.99
</TABLE>
[ARTICLE] 6
[CIK]
[NAME] BALANCED FUND
[MULTIPLIER] 1
<TABLE>
<S> <C>
[PERIOD-TYPE] 6-MOS
[FISCAL-YEAR-END] DEC-31-1999
[PERIOD-END] JUN-30-1999
[INVESTMENTS-AT-COST] 0
[INVESTMENTS-AT-VALUE] 0
[RECEIVABLES] 0
[ASSETS-OTHER] 124171200
[OTHER-ITEMS-ASSETS] 0
[TOTAL-ASSETS] 124171200
[PAYABLE-FOR-SECURITIES] 0
[SENIOR-LONG-TERM-DEBT] 0
[OTHER-ITEMS-LIABILITIES] 88534
[TOTAL-LIABILITIES] 88534
[SENIOR-EQUITY] 0
[PAID-IN-CAPITAL-COMMON] 114850808
[SHARES-COMMON-STOCK] 7591724
[SHARES-COMMON-PRIOR] 6569747
[ACCUMULATED-NII-CURRENT] 1539979
[OVERDISTRIBUTION-NII] 0
[ACCUMULATED-NET-GAINS] 8564997
[OVERDISTRIBUTION-GAINS] 0
[ACCUM-APPREC-OR-DEPREC] (2122547)
[NET-ASSETS] 124082665
[DIVIDEND-INCOME] 0
[INTEREST-INCOME] 0
[OTHER-INCOME] 1520139
[EXPENSES-NET] 347781
[NET-INVESTMENT-INCOME] 1172358
[REALIZED-GAINS-CURRENT] 8564997
[APPREC-INCREASE-CURRENT] 5418273
[NET-CHANGE-FROM-OPS] 15155628
[EQUALIZATION] 0
[DISTRIBUTIONS-OF-INCOME] 0
[DISTRIBUTIONS-OF-GAINS] 0
[DISTRIBUTIONS-OTHER] 0
[NUMBER-OF-SHARES-SOLD] 1979197
[NUMBER-OF-SHARES-REDEEMED] (957220)
[SHARES-REINVESTED] 0
[NET-CHANGE-IN-ASSETS] 20612386
[ACCUMULATED-NII-PRIOR] 367621
[ACCUMULATED-GAINS-PRIOR] 0
[OVERDISTRIB-NII-PRIOR] 0
[OVERDIST-NET-GAINS-PRIOR] (414945)
[GROSS-ADVISORY-FEES] 0
[INTEREST-EXPENSE] 0
[GROSS-EXPENSE] 348389
[AVERAGE-NET-ASSETS] 117415230
[PER-SHARE-NAV-BEGIN] 15.75
[PER-SHARE-NII] 0.16
[PER-SHARE-GAIN-APPREC] 0.43
[PER-SHARE-DIVIDEND] 0
[PER-SHARE-DISTRIBUTIONS] 0
[RETURNS-OF-CAPITAL] 0
[PER-SHARE-NAV-END] 16.34
[EXPENSE-RATIO] 1.07
</TABLE>
[ARTICLE] 6
[CIK]
[NAME] EQUITY INCOME FUND
[MULTIPLIER] 1
<TABLE>
<S> <C>
[PERIOD-TYPE] 6-MOS
[FISCAL-YEAR-END] DEC-31-1999
[PERIOD-END] JUN-30-1999
[INVESTMENTS-AT-COST] 0
[INVESTMENTS-AT-VALUE] 0
[RECEIVABLES] 0
[ASSETS-OTHER] 164096707
[OTHER-ITEMS-ASSETS] 0
[TOTAL-ASSETS] 164096707
[PAYABLE-FOR-SECURITIES] 0
[SENIOR-LONG-TERM-DEBT] 0
[OTHER-ITEMS-LIABILITIES] 100060
[TOTAL-LIABILITIES] 100060
[SENIOR-EQUITY] 0
[PAID-IN-CAPITAL-COMMON] 135560456
[SHARES-COMMON-STOCK] 6955423
[SHARES-COMMON-PRIOR] 5948150
[ACCUMULATED-NII-CURRENT] 933261
[OVERDISTRIBUTION-NII] 0
[ACCUMULATED-NET-GAINS] 3880776
[OVERDISTRIBUTION-GAINS] 0
[ACCUM-APPREC-OR-DEPREC] (18435526)
[NET-ASSETS] 163996647
[DIVIDEND-INCOME] 0
[INTEREST-INCOME] 0
[OTHER-INCOME] 1317006
[EXPENSES-NET] 383746
[NET-INVESTMENT-INCOME] 933261
[REALIZED-GAINS-CURRENT] 3856933
[APPREC-INCREASE-CURRENT] 13072176
[NET-CHANGE-FROM-OPS] 17862370
[EQUALIZATION] 0
[DISTRIBUTIONS-OF-INCOME] 0
[DISTRIBUTIONS-OF-GAINS] 0
[DISTRIBUTIONS-OTHER] 0
[NUMBER-OF-SHARES-SOLD] 2729807
[NUMBER-OF-SHARES-REDEEMED] (1722534)
[SHARES-REINVESTED] 0
[NET-CHANGE-IN-ASSETS] 39518434
[ACCUMULATED-NII-PRIOR] 0
[ACCUMULATED-GAINS-PRIOR] 23843
[OVERDISTRIB-NII-PRIOR] 0
[OVERDIST-NET-GAINS-PRIOR] 0
[GROSS-ADVISORY-FEES] 0
[INTEREST-EXPENSE] 0
[GROSS-EXPENSE] 426045
[AVERAGE-NET-ASSETS] 146044138
[PER-SHARE-NAV-BEGIN] 20.93
[PER-SHARE-NII] 0.14
[PER-SHARE-GAIN-APPREC] 2.51
[PER-SHARE-DIVIDEND] 0
[PER-SHARE-DISTRIBUTIONS] 0
[RETURNS-OF-CAPITAL] 0
[PER-SHARE-NAV-END] 23.58
[EXPENSE-RATIO] 1.00
</TABLE>
[ARTICLE] 6
[CIK]
[NAME] EQUITY VALUE DIVERSIFIED CLASS
[MULTIPLIER] 1
<TABLE>
<S> <C>
[PERIOD-TYPE] 6-MOS
[FISCAL-YEAR-END] DEC-31-1999
[PERIOD-END] JUN-30-1999
[INVESTMENTS-AT-COST] 0
[INVESTMENTS-AT-VALUE] 0
[RECEIVABLES] 0
[ASSETS-OTHER] 74538176
[OTHER-ITEMS-ASSETS] 0
[TOTAL-ASSETS] 74538176
[PAYABLE-FOR-SECURITIES] 0
[SENIOR-LONG-TERM-DEBT] 0
[OTHER-ITEMS-LIABILITIES] 58510
[TOTAL-LIABILITIES] 58510
[SENIOR-EQUITY] 0
[PAID-IN-CAPITAL-COMMON] 67182263
[SHARES-COMMON-STOCK] 5377897
[SHARES-COMMON-PRIOR] 4367595
[ACCUMULATED-NII-CURRENT] 711521
[OVERDISTRIBUTION-NII] 0
[ACCUMULATED-NET-GAINS] 3196435
[OVERDISTRIBUTION-GAINS] 0
[ACCUM-APPREC-OR-DEPREC] 3293744
[NET-ASSETS] 74479666
[DIVIDEND-INCOME] 0
[INTEREST-INCOME] 0
[OTHER-INCOME] 536582
[EXPENSES-NET] 168029
[NET-INVESTMENT-INCOME] 368553
[REALIZED-GAINS-CURRENT] 3196435
[APPREC-INCREASE-CURRENT] 4957858
[NET-CHANGE-FROM-OPS] 8522846
[EQUALIZATION] 0
[DISTRIBUTIONS-OF-INCOME] 0
[DISTRIBUTIONS-OF-GAINS] 0
[DISTRIBUTIONS-OTHER] 0
[NUMBER-OF-SHARES-SOLD] 4314283
[NUMBER-OF-SHARES-REDEEMED] (3303981)
[SHARES-REINVESTED] 0
[NET-CHANGE-IN-ASSETS] 20393741
[ACCUMULATED-NII-PRIOR] 342968
[ACCUMULATED-GAINS-PRIOR] 0
[OVERDISTRIB-NII-PRIOR] 0
[OVERDIST-NET-GAINS-PRIOR] (293528)
[GROSS-ADVISORY-FEES] 0
[INTEREST-EXPENSE] 0
[GROSS-EXPENSE] 210855
[AVERAGE-NET-ASSETS] 67951159
[PER-SHARE-NAV-BEGIN] 12.38
[PER-SHARE-NII] 0.07
[PER-SHARE-GAIN-APPREC] 1.40
[PER-SHARE-DIVIDEND] 0
[PER-SHARE-DISTRIBUTIONS] 0
[RETURNS-OF-CAPITAL] 0
[PER-SHARE-NAV-END] 13.85
[EXPENSE-RATIO] 1.10
</TABLE>
[ARTICLE] 6
[CIK]
[NAME] GROWTH AND INCOME FUND
[MULTIPLIER] 1
<TABLE>
<S> <C>
[PERIOD-TYPE] 6-MOS
[FISCAL-YEAR-END] DEC-31-1999
[PERIOD-END] JUN-30-1999
[INVESTMENTS-AT-COST] 0
[INVESTMENTS-AT-VALUE] 0
[RECEIVABLES] 0
[ASSETS-OTHER] 330541830
[OTHER-ITEMS-ASSETS] 0
[TOTAL-ASSETS] 330541830
[PAYABLE-FOR-SECURITIES] 0
[SENIOR-LONG-TERM-DEBT] 0
[OTHER-ITEMS-LIABILITIES] 206738
[TOTAL-LIABILITIES] 206738
[SENIOR-EQUITY] 0
[PAID-IN-CAPITAL-COMMON] 263053503
[SHARES-COMMON-STOCK] 12560708
[SHARES-COMMON-PRIOR] 8376545
[ACCUMULATED-NII-CURRENT] (625765)
[OVERDISTRIBUTION-NII] 0
[ACCUMULATED-NET-GAINS] 22235461
[OVERDISTRIBUTION-GAINS] 0
[ACCUM-APPREC-OR-DEPREC] 45912095
[NET-ASSETS] 330335093
[DIVIDEND-INCOME] 0
[INTEREST-INCOME] 0
[OTHER-INCOME] 114587
[EXPENSES-NET] 740351
[NET-INVESTMENT-INCOME] (625765)
[REALIZED-GAINS-CURRENT] 22235641
[APPREC-INCREASE-CURRENT] 6379912
[NET-CHANGE-FROM-OPS] 27989788
[EQUALIZATION] 0
[DISTRIBUTIONS-OF-INCOME] 0
[DISTRIBUTIONS-OF-GAINS] 0
[DISTRIBUTIONS-OTHER] 0
[NUMBER-OF-SHARES-SOLD] 7698564
[NUMBER-OF-SHARES-REDEEMED] (3514401)
[SHARES-REINVESTED] 0
[NET-CHANGE-IN-ASSETS] 129388684
[ACCUMULATED-NII-PRIOR] 0
[ACCUMULATED-GAINS-PRIOR] 0
[OVERDISTRIB-NII-PRIOR] 0
[OVERDIST-NET-GAINS-PRIOR] 2653920
[GROSS-ADVISORY-FEES] 0
[INTEREST-EXPENSE] 0
[GROSS-EXPENSE] 827952
[AVERAGE-NET-ASSETS] 281414015
[PER-SHARE-NAV-BEGIN] 23.99
[PER-SHARE-NII] (0.05)
[PER-SHARE-GAIN-APPREC] 2.36
[PER-SHARE-DIVIDEND] 0
[PER-SHARE-DISTRIBUTIONS] 0
[RETURNS-OF-CAPITAL] 0
[PER-SHARE-NAV-END] 26.30
[EXPENSE-RATIO] 1.15
</TABLE>
[ARTICLE] 6
[CIK]
[NAME] EQUITY GROWTH DIVERSIFIED CLASS
[MULTIPLIER] 1
<TABLE>
<S> <C>
[PERIOD-TYPE] 6-MOS
[FISCAL-YEAR-END] DEC-31-1999
[PERIOD-END] JUN-30-1999
[INVESTMENTS-AT-COST] 0
[INVESTMENTS-AT-VALUE] 0
[RECEIVABLES] 0
[ASSETS-OTHER] 220751518
[OTHER-ITEMS-ASSETS] 0
[TOTAL-ASSETS] 220751518
[PAYABLE-FOR-SECURITIES] 0
[SENIOR-LONG-TERM-DEBT] 0
[OTHER-ITEMS-LIABILITIES] 135846
[TOTAL-LIABILITIES] 135846
[SENIOR-EQUITY] 0
[PAID-IN-CAPITAL-COMMON] 165591542
[SHARES-COMMON-STOCK] 8447071
[SHARES-COMMON-PRIOR] 6473592
[ACCUMULATED-NII-CURRENT] 729462
[OVERDISTRIBUTION-NII] 0
[ACCUMULATED-NET-GAINS] 8300099
[OVERDISTRIBUTION-GAINS] 0
[ACCUM-APPREC-OR-DEPREC] 43135700
[NET-ASSETS] 220615672
[DIVIDEND-INCOME] 0
[INTEREST-INCOME] 0
[OTHER-INCOME] 130171
[EXPENSES-NET] 551309
[NET-INVESTMENT-INCOME] (421138)
[REALIZED-GAINS-CURRENT] 8300099
[APPREC-INCREASE-CURRENT] 11725659
[NET-CHANGE-FROM-OPS] 20446896
[EQUALIZATION] 0
[DISTRIBUTIONS-OF-INCOME] 0
[DISTRIBUTIONS-OF-GAINS] 0
[DISTRIBUTIONS-OTHER] 0
[NUMBER-OF-SHARES-SOLD] 4843321
[NUMBER-OF-SHARES-REDEEMED] (2869842)
[SHARES-REINVESTED] 0
[NET-CHANGE-IN-ASSETS] 69657165
[ACCUMULATED-NII-PRIOR] 308324
[ACCUMULATED-GAINS-PRIOR] 0
[OVERDISTRIB-NII-PRIOR] 0
[OVERDIST-NET-GAINS-PRIOR] (179635)
[GROSS-ADVISORY-FEES] 0
[INTEREST-EXPENSE] 0
[GROSS-EXPENSE] 551321
[AVERAGE-NET-ASSETS] 189696128
[PER-SHARE-NAV-BEGIN] 23.32
[PER-SHARE-NII] (0.06)
[PER-SHARE-GAIN-APPREC] 2.86
[PER-SHARE-DIVIDEND] 0
[PER-SHARE-DISTRIBUTIONS] 0
[RETURNS-OF-CAPITAL] 0
[PER-SHARE-NAV-END] 26.12
[EXPENSE-RATIO] 1.22
</TABLE>
[ARTICLE] 6
[CIK]
[NAME] SPECIAL EQUITY FUND DIVERSIFIED CLASS
[MULTIPLIER] 1
<TABLE>
<S> <C>
[PERIOD-TYPE] 6-MOS
[FISCAL-YEAR-END] DEC-31-1999
[PERIOD-END] JUN-30-1999
[INVESTMENTS-AT-COST] 0
[INVESTMENTS-AT-VALUE] 0
[RECEIVABLES] 0
[ASSETS-OTHER] 159544927
[OTHER-ITEMS-ASSETS] 0
[TOTAL-ASSETS] 159544927
[PAYABLE-FOR-SECURITIES] 0
[SENIOR-LONG-TERM-DEBT] 0
[OTHER-ITEMS-LIABILITIES] 103047
[TOTAL-LIABILITIES] 103047
[SENIOR-EQUITY] 0
[PAID-IN-CAPITAL-COMMON] 138602181
[SHARES-COMMON-STOCK] 7023738
[SHARES-COMMON-PRIOR] 6000556
[ACCUMULATED-NII-CURRENT] (269307)
[OVERDISTRIBUTION-NII] 0
[ACCUMULATED-NET-GAINS] 8685424
[OVERDISTRIBUTION-GAINS] 0
[ACCUM-APPREC-OR-DEPREC] 12388761
[NET-ASSETS] 159441879
[DIVIDEND-INCOME] 0
[INTEREST-INCOME] 0
[OTHER-INCOME] 135954
[EXPENSES-NET] 405261
[NET-INVESTMENT-INCOME] (269307)
[REALIZED-GAINS-CURRENT] 8685424
[APPREC-INCREASE-CURRENT] 3884909
[NET-CHANGE-FROM-OPS] 12839640
[EQUALIZATION] 0
[DISTRIBUTIONS-OF-INCOME] 0
[DISTRIBUTIONS-OF-GAINS] 0
[DISTRIBUTIONS-OTHER] 0
[NUMBER-OF-SHARES-SOLD] 4235299
[NUMBER-OF-SHARES-REDEEMED] (3212215)
[SHARES-REINVESTED] 0
[NET-CHANGE-IN-ASSETS] 33578739
[ACCUMULATED-NII-PRIOR] 0
[ACCUMULATED-GAINS-PRIOR] 0
[OVERDISTRIB-NII-PRIOR] (520889)
[OVERDIST-NET-GAINS-PRIOR] (1878123)
[GROSS-ADVISORY-FEES] 0
[INTEREST-EXPENSE] 0
[GROSS-EXPENSE] 405261
[AVERAGE-NET-ASSETS] 138710067
[PER-SHARE-NAV-BEGIN] 20.98
[PER-SHARE-NII] 0.04
[PER-SHARE-GAIN-APPREC] 1.68
[PER-SHARE-DIVIDEND] 0
[PER-SHARE-DISTRIBUTIONS] 0
[RETURNS-OF-CAPITAL] 0
[PER-SHARE-NAV-END] 22.70
[EXPENSE-RATIO] 1.42
</TABLE>
[ARTICLE] 6
[CIK]
[NAME] AGGRESSIVE EQUITY FUND
[MULTIPLIER] 1
<TABLE>
<S> <C>
[PERIOD-TYPE] 6-MOS
[FISCAL-YEAR-END] DEC-31-1999
[PERIOD-END] JUN-30-1999
[INVESTMENTS-AT-COST] 0
[INVESTMENTS-AT-VALUE] 0
[RECEIVABLES] 0
[ASSETS-OTHER] 61728751
[OTHER-ITEMS-ASSETS] 0
[TOTAL-ASSETS] 61728751
[PAYABLE-FOR-SECURITIES] 0
[SENIOR-LONG-TERM-DEBT] 0
[OTHER-ITEMS-LIABILITIES] 43870
[TOTAL-LIABILITIES] 43870
[SENIOR-EQUITY] 0
[PAID-IN-CAPITAL-COMMON] 48340767
[SHARES-COMMON-STOCK] 3888561
[SHARES-COMMON-PRIOR] 2467495
[ACCUMULATED-NII-CURRENT] (198511)
[OVERDISTRIBUTION-NII] 0
[ACCUMULATED-NET-GAINS] 1549970
[OVERDISTRIBUTION-GAINS] 0
[ACCUM-APPREC-OR-DEPREC] 13131317
[NET-ASSETS] 61684882
[DIVIDEND-INCOME] 0
[INTEREST-INCOME] 0
[OTHER-INCOME] (84505)
[EXPENSES-NET] 114006
[NET-INVESTMENT-INCOME] (198511)
[REALIZED-GAINS-CURRENT] 1549970
[APPREC-INCREASE-CURRENT] 5340821
[NET-CHANGE-FROM-OPS] 6692280
[EQUALIZATION] 0
[DISTRIBUTIONS-OF-INCOME] 0
[DISTRIBUTIONS-OF-GAINS] 0
[DISTRIBUTIONS-OTHER] 0
[NUMBER-OF-SHARES-SOLD] 2207220
[NUMBER-OF-SHARES-REDEEMED] (786153)
[SHARES-REINVESTED] 0
[NET-CHANGE-IN-ASSETS] 27529902
[ACCUMULATED-NII-PRIOR] 0
[ACCUMULATED-GAINS-PRIOR] 0
[OVERDISTRIB-NII-PRIOR] 0
[OVERDIST-NET-GAINS-PRIOR] (758822)
[GROSS-ADVISORY-FEES] 0
[INTEREST-EXPENSE] 0
[GROSS-EXPENSE] 148381
[AVERAGE-NET-ASSETS] 46079159
[PER-SHARE-NAV-BEGIN] 13.84
[PER-SHARE-NII] 0.06
[PER-SHARE-GAIN-APPREC] 1.96
[PER-SHARE-DIVIDEND] 0
[PER-SHARE-DISTRIBUTIONS] 0
[RETURNS-OF-CAPITAL] 0
[PER-SHARE-NAV-END] 15.86
[EXPENSE-RATIO] 1.50
</TABLE>
[ARTICLE] 6
[CIK]
[NAME] HIGH YIELD BOND DIVERSIFIED CLASS
[MULTIPLIER] 1
<TABLE>
<S> <C>
[PERIOD-TYPE] 6-MOS
[FISCAL-YEAR-END] DEC-31-1999
[PERIOD-END] JUN-30-1999
[INVESTMENTS-AT-COST] 0
[INVESTMENTS-AT-VALUE] 0
[RECEIVABLES] 0
[ASSETS-OTHER] 30973422
[OTHER-ITEMS-ASSETS] 0
[TOTAL-ASSETS] 30973422
[PAYABLE-FOR-SECURITIES] 0
[SENIOR-LONG-TERM-DEBT] 0
[OTHER-ITEMS-LIABILITIES] 25516
[TOTAL-LIABILITIES] 25516
[SENIOR-EQUITY] 0
[PAID-IN-CAPITAL-COMMON] 30976198
[SHARES-COMMON-STOCK] 2685228
[SHARES-COMMON-PRIOR] 1991471
[ACCUMULATED-NII-CURRENT] 2468546
[OVERDISTRIBUTION-NII] 0
[ACCUMULATED-NET-GAINS] (1072070)
[OVERDISTRIBUTION-GAINS] 0
[ACCUM-APPREC-OR-DEPREC] (1165976)
[NET-ASSETS] 30947906
[DIVIDEND-INCOME] 0
[INTEREST-INCOME] 0
[OTHER-INCOME] 1192427
[EXPENSES-NET] 68624
[NET-INVESTMENT-INCOME] 1123803
[REALIZED-GAINS-CURRENT] (1072070)
[APPREC-INCREASE-CURRENT] (62072)
[NET-CHANGE-FROM-OPS] (10339)
[EQUALIZATION] 0
[DISTRIBUTIONS-OF-INCOME] 0
[DISTRIBUTIONS-OF-GAINS] 0
[DISTRIBUTIONS-OTHER] 0
[NUMBER-OF-SHARES-SOLD] 2204303
[NUMBER-OF-SHARES-REDEEMED] (1510547)
[SHARES-REINVESTED] 0
[NET-CHANGE-IN-ASSETS] 7953317
[ACCUMULATED-NII-PRIOR] 1344743
[ACCUMULATED-GAINS-PRIOR] 0
[OVERDISTRIB-NII-PRIOR] 0
[OVERDIST-NET-GAINS-PRIOR] (170035)
[GROSS-ADVISORY-FEES] 0
[INTEREST-EXPENSE] 0
[GROSS-EXPENSE] 96461
[AVERAGE-NET-ASSETS] 27813916
[PER-SHARE-NAV-BEGIN] 11.55
[PER-SHARE-NII] 0.47
[PER-SHARE-GAIN-APPREC] (0.49)
[PER-SHARE-DIVIDEND] 0
[PER-SHARE-DISTRIBUTIONS] 0
[RETURNS-OF-CAPITAL] 0
[PER-SHARE-NAV-END] 11.53
[EXPENSE-RATIO] 1.10
</TABLE>
[ARTICLE] 6
[CIK]
[NAME] INTERNATIONAL EQUITY DIVERSIFIED CLASS
[MULTIPLIER] 1
<TABLE>
<S> <C>
[PERIOD-TYPE] 6-MOS
[FISCAL-YEAR-END] DEC-31-1999
[PERIOD-END] JUN-30-1999
[INVESTMENTS-AT-COST] 0
[INVESTMENTS-AT-VALUE] 0
[RECEIVABLES] 0
[ASSETS-OTHER] 100720857
[OTHER-ITEMS-ASSETS] 0
[TOTAL-ASSETS] 100720857
[PAYABLE-FOR-SECURITIES] 0
[SENIOR-LONG-TERM-DEBT] 0
[OTHER-ITEMS-LIABILITIES] 65064
[TOTAL-LIABILITIES] 65064
[SENIOR-EQUITY] 0
[PAID-IN-CAPITAL-COMMON] 55953730
[SHARES-COMMON-STOCK] 6525098
[SHARES-COMMON-PRIOR] 4928319
[ACCUMULATED-NII-CURRENT] 327560
[OVERDISTRIBUTION-NII] 0
[ACCUMULATED-NET-GAINS] 3054106
[OVERDISTRIBUTION-GAINS] 0
[ACCUM-APPREC-OR-DEPREC] 13753383
[NET-ASSETS] 100655793
[DIVIDEND-INCOME] 0
[INTEREST-INCOME] 0
[OTHER-INCOME] 553095
[EXPENSES-NET] 225535
[NET-INVESTMENT-INCOME] 327560
[REALIZED-GAINS-CURRENT] 2265626
[APPREC-INCREASE-CURRENT] 12598781
[NET-CHANGE-FROM-OPS] 15191967
[EQUALIZATION] 0
[DISTRIBUTIONS-OF-INCOME] 0
[DISTRIBUTIONS-OF-GAINS] 0
[DISTRIBUTIONS-OTHER] 0
[NUMBER-OF-SHARES-SOLD] 8916503
[NUMBER-OF-SHARES-REDEEMED] (7319725)
[SHARES-REINVESTED] 0
[NET-CHANGE-IN-ASSETS] 37251527
[ACCUMULATED-NII-PRIOR] 0
[ACCUMULATED-GAINS-PRIOR] 788480
[OVERDISTRIB-NII-PRIOR] (396012)
[OVERDIST-NET-GAINS-PRIOR] 0
[GROSS-ADVISORY-FEES] 0
[INTEREST-EXPENSE] 0
[GROSS-EXPENSE] 249326
[AVERAGE-NET-ASSETS] 82474707
[PER-SHARE-NAV-BEGIN] 12.87
[PER-SHARE-NII] 0.06
[PER-SHARE-GAIN-APPREC] 2.50
[PER-SHARE-DIVIDEND] 0
[PER-SHARE-DISTRIBUTIONS] 0
[RETURNS-OF-CAPITAL] 0
[PER-SHARE-NAV-END] 15.43
[EXPENSE-RATIO] 1.40
</TABLE>
[ARTICLE] 6
[CIK]
[NAME] MONEY MARKET PREMIUM
[MULTIPLIER] 1
<TABLE>
<S> <C>
[PERIOD-TYPE] 6-MOS
[FISCAL-YEAR-END] DEC-31-1999
[PERIOD-END] JUN-30-1999
[INVESTMENTS-AT-COST] 0
[INVESTMENTS-AT-VALUE] 0
[RECEIVABLES] 0
[ASSETS-OTHER] 201718
[OTHER-ITEMS-ASSETS] 0
[TOTAL-ASSETS] 201718
[PAYABLE-FOR-SECURITIES] 0
[SENIOR-LONG-TERM-DEBT] 0
[OTHER-ITEMS-LIABILITIES] 3750
[TOTAL-LIABILITIES] 3750
[SENIOR-EQUITY] 0
[PAID-IN-CAPITAL-COMMON] 193959
[SHARES-COMMON-STOCK] 18762
[SHARES-COMMON-PRIOR] 17632
[ACCUMULATED-NII-CURRENT] 8632
[OVERDISTRIBUTION-NII] 0
[ACCUMULATED-NET-GAINS] (4)
[OVERDISTRIBUTION-GAINS] 0
[ACCUM-APPREC-OR-DEPREC] 197968
[NET-ASSETS] 0
[DIVIDEND-INCOME] 0
[INTEREST-INCOME] 0
[OTHER-INCOME] 4686
[EXPENSES-NET] 659
[NET-INVESTMENT-INCOME] 4027
[REALIZED-GAINS-CURRENT] (4)
[APPREC-INCREASE-CURRENT] 0
[NET-CHANGE-FROM-OPS] 4023
[EQUALIZATION] 0
[DISTRIBUTIONS-OF-INCOME] 0
[DISTRIBUTIONS-OF-GAINS] 0
[DISTRIBUTIONS-OTHER] 0
[NUMBER-OF-SHARES-SOLD] 14209
[NUMBER-OF-SHARES-REDEEMED] (13079)
[SHARES-REINVESTED] 0
[NET-CHANGE-IN-ASSETS] 15683
[ACCUMULATED-NII-PRIOR] 2605
[ACCUMULATED-GAINS-PRIOR] 0
[OVERDISTRIB-NII-PRIOR] 0
[OVERDIST-NET-GAINS-PRIOR] 0
[GROSS-ADVISORY-FEES] 0
[INTEREST-EXPENSE] 0
[GROSS-EXPENSE] 12687
[AVERAGE-NET-ASSETS] 197395
[PER-SHARE-NAV-BEGIN] 10.34
[PER-SHARE-NII] 0.21
[PER-SHARE-GAIN-APPREC] 0
[PER-SHARE-DIVIDEND] 0
[PER-SHARE-DISTRIBUTIONS] 0
[RETURNS-OF-CAPITAL] 0
[PER-SHARE-NAV-END] 10.55
[EXPENSE-RATIO] 0.95
</TABLE>
[ARTICLE] 6
[CIK]
[NAME] MONEY MARKET INSTITUTIONAL CLASS
[MULTIPLIER] 1
<TABLE>
<S> <C>
[PERIOD-TYPE] 6-MOS
[FISCAL-YEAR-END] DEC-31-1999
[PERIOD-END] JUN-30-1999
[INVESTMENTS-AT-COST] 0
[INVESTMENTS-AT-VALUE] 0
[RECEIVABLES] 0
[ASSETS-OTHER] 4671603
[OTHER-ITEMS-ASSETS] 0
[TOTAL-ASSETS] 4671603
[PAYABLE-FOR-SECURITIES] 0
[SENIOR-LONG-TERM-DEBT] 0
[OTHER-ITEMS-LIABILITIES] 3939
[TOTAL-LIABILITIES] 3939
[SENIOR-EQUITY] 0
[PAID-IN-CAPITAL-COMMON] 4565234
[SHARES-COMMON-STOCK] 446795
[SHARES-COMMON-PRIOR] 861621
[ACCUMULATED-NII-CURRENT] 335184
[OVERDISTRIBUTION-NII] 002548
[ACCUMULATED-NET-GAINS] (97)
[OVERDISTRIBUTION-GAINS] 0
[ACCUM-APPREC-OR-DEPREC] 0
[NET-ASSETS] 4667663
[DIVIDEND-INCOME] 0
[INTEREST-INCOME] 0
[OTHER-INCOME] 113846
[EXPENSES-NET] 11297
[NET-INVESTMENT-INCOME] 102548
[REALIZED-GAINS-CURRENT] (97)
[APPREC-INCREASE-CURRENT] 0
[NET-CHANGE-FROM-OPS] 120308
[EQUALIZATION] 0
[DISTRIBUTIONS-OF-INCOME] 0
[DISTRIBUTIONS-OF-GAINS] 0
[DISTRIBUTIONS-OTHER] 0
[NUMBER-OF-SHARES-SOLD] 150321
[NUMBER-OF-SHARES-REDEEMED] (565147)
[SHARES-REINVESTED] 0
[NET-CHANGE-IN-ASSETS] (4142834)
[ACCUMULATED-NII-PRIOR] 232636
[ACCUMULATED-GAINS-PRIOR] 0
[OVERDISTRIB-NII-PRIOR] 0
[OVERDIST-NET-GAINS-PRIOR] 0
[GROSS-ADVISORY-FEES] 0
[INTEREST-EXPENSE] 0
[GROSS-EXPENSE] 33087
[AVERAGE-NET-ASSETS] 4778360
[PER-SHARE-NAV-BEGIN] 10.23
[PER-SHARE-NII] 0.22
[PER-SHARE-GAIN-APPREC] 0
[PER-SHARE-DIVIDEND] 0
[PER-SHARE-DISTRIBUTIONS] 0
[RETURNS-OF-CAPITAL] 0
[PER-SHARE-NAV-END] 10.45
[EXPENSE-RATIO] 0.75
</TABLE>
[ARTICLE] 6
[CIK]
[NAME] EQUITY VALUE PREMIUM CLASS
[MULTIPLIER] 1
<TABLE>
<S> <C>
[PERIOD-TYPE] 6-MOS
[FISCAL-YEAR-END] DEC-31-1999
[PERIOD-END] JUN-30-1999
[INVESTMENTS-AT-COST] 0
[INVESTMENTS-AT-VALUE] 0
[RECEIVABLES] 0
[ASSETS-OTHER] 3257567
[OTHER-ITEMS-ASSETS] 0
[TOTAL-ASSETS] 3257567
[PAYABLE-FOR-SECURITIES] 0
[SENIOR-LONG-TERM-DEBT] 0
[OTHER-ITEMS-LIABILITIES] 5207
[TOTAL-LIABILITIES] 5207
[SENIOR-EQUITY] 0
[PAID-IN-CAPITAL-COMMON] 3236920
[SHARES-COMMON-STOCK] 293162
[SHARES-COMMON-PRIOR] 279050
[ACCUMULATED-NII-CURRENT] 28300
[OVERDISTRIBUTION-NII] 0
[ACCUMULATED-NET-GAINS] 134289
[OVERDISTRIBUTION-GAINS] 0
[ACCUM-APPREC-OR-DEPREC] (161415)
[NET-ASSETS] 3252359
[DIVIDEND-INCOME] 0
[INTEREST-INCOME] 0
[OTHER-INCOME] 22891
[EXPENSES-NET] 10805
[NET-INVESTMENT-INCOME] 12086
[REALIZED-GAINS-CURRENT] 134289
[APPREC-INCREASE-CURRENT] 142746
[NET-CHANGE-FROM-OPS] 289121
[EQUALIZATION] 0
[DISTRIBUTIONS-OF-INCOME] 0
[DISTRIBUTIONS-OF-GAINS] 0
[DISTRIBUTIONS-OTHER] 0
[NUMBER-OF-SHARES-SOLD] 67927
[NUMBER-OF-SHARES-REDEEMED] (53815)
[SHARES-REINVESTED] 0
[NET-CHANGE-IN-ASSETS] 480639
[ACCUMULATED-NII-PRIOR] 16214
[ACCUMULATED-GAINS-PRIOR] 0
[OVERDISTRIB-NII-PRIOR] 0
[OVERDIST-NET-GAINS-PRIOR] 0
[GROSS-ADVISORY-FEES] 0
[INTEREST-EXPENSE] 0
[GROSS-EXPENSE] 26809
[AVERAGE-NET-ASSETS] 2912039
[PER-SHARE-NAV-BEGIN] 9.93
[PER-SHARE-NII] 0.04
[PER-SHARE-GAIN-APPREC] 1.12
[PER-SHARE-DIVIDEND] 0
[PER-SHARE-DISTRIBUTIONS] 0
[RETURNS-OF-CAPITAL] 0
[PER-SHARE-NAV-END] 11.09
[EXPENSE-RATIO] 1.35
</TABLE>
[ARTICLE] 6
[CIK]
[NAME] EQUITY VALUE INSTITUTIONAL CLASS
[MULTIPLIER] 1
<TABLE>
<S> <C>
[PERIOD-TYPE] 6-MOS
[FISCAL-YEAR-END] DEC-31-1999
[PERIOD-END] JUN-30-1999
[INVESTMENTS-AT-COST] 0
[INVESTMENTS-AT-VALUE] 0
[RECEIVABLES] 0
[ASSETS-OTHER] 15541826
[OTHER-ITEMS-ASSETS] 0
[TOTAL-ASSETS] 15541826
[PAYABLE-FOR-SECURITIES] 0
[SENIOR-LONG-TERM-DEBT] 0
[OTHER-ITEMS-LIABILITIES] 7981
[TOTAL-LIABILITIES] 7981
[SENIOR-EQUITY] 0
[PAID-IN-CAPITAL-COMMON] 14488294
[SHARES-COMMON-STOCK] 1367427
[SHARES-COMMON-PRIOR] 128002
[ACCUMULATED-NII-CURRENT] 166375
[OVERDISTRIBUTION-NII] 0
[ACCUMULATED-NET-GAINS] 665695
[OVERDISTRIBUTION-GAINS] 0
[ACCUM-APPREC-OR-DEPREC] 191391
[NET-ASSETS] 15533845
[DIVIDEND-INCOME] 0
[INTEREST-INCOME] 0
[OTHER-INCOME] 109890
[EXPENSES-NET] 34843
[NET-INVESTMENT-INCOME] 75046
[REALIZED-GAINS-CURRENT] 665695
[APPREC-INCREASE-CURRENT] 800441
[NET-CHANGE-FROM-OPS] 1541182
[EQUALIZATION] 0
[DISTRIBUTIONS-OF-INCOME] 0
[DISTRIBUTIONS-OF-GAINS] 0
[DISTRIBUTIONS-OTHER] 0
[NUMBER-OF-SHARES-SOLD] 440575
[NUMBER-OF-SHARES-REDEEMED] (358150)
[SHARES-REINVESTED] 0
[NET-CHANGE-IN-ASSETS] 2481676
[ACCUMULATED-NII-PRIOR] 91329
[ACCUMULATED-GAINS-PRIOR] 0
[OVERDISTRIB-NII-PRIOR] 0
[OVERDIST-NET-GAINS-PRIOR] 0
[GROSS-ADVISORY-FEES] 0
[INTEREST-EXPENSE] 0
[GROSS-EXPENSE] 74504
[AVERAGE-NET-ASSETS] 14095212
[PER-SHARE-NAV-BEGIN] 10.16
[PER-SHARE-NII] 0.06
[PER-SHARE-GAIN-APPREC] 1.14
[PER-SHARE-DIVIDEND] 0
[PER-SHARE-DISTRIBUTIONS] 0
[RETURNS-OF-CAPITAL] 0
[PER-SHARE-NAV-END] 11.36
[EXPENSE-RATIO] 1.10
</TABLE>
[ARTICLE] 6
[CIK]
[NAME] EQUITY GROWTH PREMIUM CLASS
[MULTIPLIER] 1
<TABLE>
<S> <C>
[PERIOD-TYPE] 6-MOS
[FISCAL-YEAR-END] DEC-31-1999
[PERIOD-END] JUN-30-1999
[INVESTMENTS-AT-COST] 0
[INVESTMENTS-AT-VALUE] 0
[RECEIVABLES] 0
[ASSETS-OTHER] 1418105
[OTHER-ITEMS-ASSETS] 0
[TOTAL-ASSETS] 1418105
[PAYABLE-FOR-SECURITIES] 0
[SENIOR-LONG-TERM-DEBT] 0
[OTHER-ITEMS-LIABILITIES] 5789
[TOTAL-LIABILITIES] 5789
[SENIOR-EQUITY] 0
[PAID-IN-CAPITAL-COMMON] 1283678
[SHARES-COMMON-STOCK] 94577
[SHARES-COMMON-PRIOR] 17901
[ACCUMULATED-NII-CURRENT] 335
[OVERDISTRIBUTION-NII] 0
[ACCUMULATED-NET-GAINS] 25970
[OVERDISTRIBUTION-GAINS] 0
[ACCUM-APPREC-OR-DEPREC] 99428
[NET-ASSETS] 1412317
[DIVIDEND-INCOME] 0
[INTEREST-INCOME] 0
[OTHER-INCOME] 456
[EXPENSES-NET] 1495
[NET-INVESTMENT-INCOME] (1039)
[REALIZED-GAINS-CURRENT] 25970
[APPREC-INCREASE-CURRENT] 77282
[NET-CHANGE-FROM-OPS] 102213
[EQUALIZATION] 0
[DISTRIBUTIONS-OF-INCOME] 0
[DISTRIBUTIONS-OF-GAINS] 0
[DISTRIBUTIONS-OTHER] 0
[NUMBER-OF-SHARES-SOLD] 84164
[NUMBER-OF-SHARES-REDEEMED] 7488
[SHARES-REINVESTED] 0
[NET-CHANGE-IN-ASSETS] 1173621
[ACCUMULATED-NII-PRIOR] 704
[ACCUMULATED-GAINS-PRIOR] 0
[OVERDISTRIB-NII-PRIOR] 0
[OVERDIST-NET-GAINS-PRIOR] 0
[GROSS-ADVISORY-FEES] 0
[INTEREST-EXPENSE] 0
[GROSS-EXPENSE] 14496
[AVERAGE-NET-ASSETS] 548195
[PER-SHARE-NAV-BEGIN] 13.33
[PER-SHARE-NII] (0.03)
[PER-SHARE-GAIN-APPREC] 1.63
[PER-SHARE-DIVIDEND] 0
[PER-SHARE-DISTRIBUTIONS] 0
[RETURNS-OF-CAPITAL] 0
[PER-SHARE-NAV-END] 14.93
[EXPENSE-RATIO] 1.20
</TABLE>
[ARTICLE] 6
[CIK]
[NAME] EQUITY GROWTH INSTITUTIONAL CLASS
[MULTIPLIER] 1
<TABLE>
<S> <C>
[PERIOD-TYPE] 6-MOS
[FISCAL-YEAR-END] DEC-31-1999
[PERIOD-END] JUN-30-1999
[INVESTMENTS-AT-COST] 0
[INVESTMENTS-AT-VALUE] 0
[RECEIVABLES] 0
[ASSETS-OTHER] 9623259
[OTHER-ITEMS-ASSETS] 0
[TOTAL-ASSETS] 9623259
[PAYABLE-FOR-SECURITIES] 0
[SENIOR-LONG-TERM-DEBT] 0
[OTHER-ITEMS-LIABILITIES] 7572
[TOTAL-LIABILITIES] 7572
[SENIOR-EQUITY] 0
[PAID-IN-CAPITAL-COMMON] 7634229
[SHARES-COMMON-STOCK] 642494
[SHARES-COMMON-PRIOR] 374939
[ACCUMULATED-NII-CURRENT] 4629
[OVERDISTRIBUTION-NII] 0
[ACCUMULATED-NET-GAINS] 354664
[OVERDISTRIBUTION-GAINS] 0
[ACCUM-APPREC-OR-DEPREC] 1550808
[NET-ASSETS] 9615686
[DIVIDEND-INCOME] 0
[INTEREST-INCOME] 0
[OTHER-INCOME] 5760
[EXPENSES-NET] 14441
[NET-INVESTMENT-INCOME] (8681)
[REALIZED-GAINS-CURRENT] 354664
[APPREC-INCREASE-CURRENT] 571137
[NET-CHANGE-FROM-OPS] 917120
[EQUALIZATION] 0
[DISTRIBUTIONS-OF-INCOME] 0
[DISTRIBUTIONS-OF-GAINS] 0
[DISTRIBUTIONS-OTHER] 0
[NUMBER-OF-SHARES-SOLD] 334405
[NUMBER-OF-SHARES-REDEEMED] (66850)
[SHARES-REINVESTED] 0
[NET-CHANGE-IN-ASSETS] 4611262
[ACCUMULATED-NII-PRIOR] 4052
[ACCUMULATED-GAINS-PRIOR] 0
[OVERDISTRIB-NII-PRIOR] 0
[OVERDIST-NET-GAINS-PRIOR] 0
[GROSS-ADVISORY-FEES] 0
[INTEREST-EXPENSE] 0
[GROSS-EXPENSE] 47895
[AVERAGE-NET-ASSETS] 8044501
[PER-SHARE-NAV-BEGIN] 13.35
[PER-SHARE-NII] (0.02)
[PER-SHARE-GAIN-APPREC] 1.64
[PER-SHARE-DIVIDEND] 0
[PER-SHARE-DISTRIBUTIONS] 0
[RETURNS-OF-CAPITAL] 0
[PER-SHARE-NAV-END] 14.97
[EXPENSE-RATIO] 1.00
</TABLE>
[ARTICLE] 6
[CIK]
[NAME] SPECIAL EQUITY PREMIUM CLASS
[MULTIPLIER] 1
<TABLE>
<S> <C>
[PERIOD-TYPE] 6-MOS
[FISCAL-YEAR-END] DEC-31-1999
[PERIOD-END] JUN-30-1999
[INVESTMENTS-AT-COST] 0
[INVESTMENTS-AT-VALUE] 0
[RECEIVABLES] 0
[ASSETS-OTHER] 1037221
[OTHER-ITEMS-ASSETS] 0
[TOTAL-ASSETS] 1037221
[PAYABLE-FOR-SECURITIES] 0
[SENIOR-LONG-TERM-DEBT] 0
[OTHER-ITEMS-LIABILITIES] 3875
[TOTAL-LIABILITIES] 3875
[SENIOR-EQUITY] 0
[PAID-IN-CAPITAL-COMMON] 1085251
[SHARES-COMMON-STOCK] 94796
[SHARES-COMMON-PRIOR] 154241
[ACCUMULATED-NII-CURRENT] (6991)
[OVERDISTRIBUTION-NII] 0
[ACCUMULATED-NET-GAINS] 92852
[OVERDISTRIBUTION-GAINS] 0
[ACCUM-APPREC-OR-DEPREC] (135274)
[NET-ASSETS] 1033346
[DIVIDEND-INCOME] 0
[INTEREST-INCOME] 0
[OTHER-INCOME] 1195
[EXPENSES-NET] 3637
[NET-INVESTMENT-INCOME] (2441)
[REALIZED-GAINS-CURRENT] 92852
[APPREC-INCREASE-CURRENT] (9519)
[NET-CHANGE-FROM-OPS] 80892
[EQUALIZATION] 0
[DISTRIBUTIONS-OF-INCOME] 0
[DISTRIBUTIONS-OF-GAINS] 0
[DISTRIBUTIONS-OTHER] 0
[NUMBER-OF-SHARES-SOLD] 17703
[NUMBER-OF-SHARES-REDEEMED] (77147)
[SHARES-REINVESTED] 0
[NET-CHANGE-IN-ASSETS] (521058)
[ACCUMULATED-NII-PRIOR] (4550)
[ACCUMULATED-GAINS-PRIOR] 0
[OVERDISTRIB-NII-PRIOR] 0
[OVERDIST-NET-GAINS-PRIOR] 0
[GROSS-ADVISORY-FEES] 0
[INTEREST-EXPENSE] 0
[GROSS-EXPENSE] 18339
[AVERAGE-NET-ASSETS] 1279896
[PER-SHARE-NAV-BEGIN] 10.08
[PER-SHARE-NII] (0.02)
[PER-SHARE-GAIN-APPREC] 0.84
[PER-SHARE-DIVIDEND] 0
[PER-SHARE-DISTRIBUTIONS] 0
[RETURNS-OF-CAPITAL] 0
[PER-SHARE-NAV-END] 10.90
[EXPENSE-RATIO] 1.40
</TABLE>
[ARTICLE] 6
[CIK]
[NAME] SPECIAL EQUITY INSTITUTIONAL CLASS
[MULTIPLIER] 1
<TABLE>
<S> <C>
[PERIOD-TYPE] 6-MOS
[FISCAL-YEAR-END] DEC-31-1999
[PERIOD-END] JUN-30-1999
[INVESTMENTS-AT-COST] 0
[INVESTMENTS-AT-VALUE] 0
[RECEIVABLES] 0
[ASSETS-OTHER] 10621531
[OTHER-ITEMS-ASSETS] 0
[TOTAL-ASSETS] 10621531
[PAYABLE-FOR-SECURITIES] 0
[SENIOR-LONG-TERM-DEBT] 0
[OTHER-ITEMS-LIABILITIES] 5723
[TOTAL-LIABILITIES] 5723
[SENIOR-EQUITY] 0
[PAID-IN-CAPITAL-COMMON] 9333012
[SHARES-COMMON-STOCK] 948396
[SHARES-COMMON-PRIOR] 767792
[ACCUMULATED-NII-CURRENT] 870
[OVERDISTRIBUTION-NII] 0
[ACCUMULATED-NET-GAINS] 541159
[OVERDISTRIBUTION-GAINS] 0
[ACCUM-APPREC-OR-DEPREC] 663157
[NET-ASSETS] 10615808
[DIVIDEND-INCOME] 0
[INTEREST-INCOME] 0
[OTHER-INCOME] 8315
[EXPENSES-NET] 15659
[NET-INVESTMENT-INCOME] (7345)
[REALIZED-GAINS-CURRENT] 541159
[APPREC-INCREASE-CURRENT] 322326
[NET-CHANGE-FROM-OPS] 856140
[EQUALIZATION] 0
[DISTRIBUTIONS-OF-INCOME] 0
[DISTRIBUTIONS-OF-GAINS] 0
[DISTRIBUTIONS-OTHER] 0
[NUMBER-OF-SHARES-SOLD] 322084
[NUMBER-OF-SHARES-REDEEMED] (141477)
[SHARES-REINVESTED] 0
[NET-CHANGE-IN-ASSETS] 2678027
[ACCUMULATED-NII-PRIOR] 8215
[ACCUMULATED-GAINS-PRIOR] 0
[OVERDISTRIB-NII-PRIOR] 0
[OVERDIST-NET-GAINS-PRIOR] 0
[GROSS-ADVISORY-FEES] 0
[INTEREST-EXPENSE] 0
[GROSS-EXPENSE] 50112
[AVERAGE-NET-ASSETS] 8597386
[PER-SHARE-NAV-BEGIN] 10.34
[PER-SHARE-NII] (0.01)
[PER-SHARE-GAIN-APPREC] 0.86
[PER-SHARE-DIVIDEND] 0
[PER-SHARE-DISTRIBUTIONS] 0
[RETURNS-OF-CAPITAL] 0
[PER-SHARE-NAV-END] 11.19
[EXPENSE-RATIO] 1.20
</TABLE>
[ARTICLE] 6
[CIK]
[NAME] HIGH YIELD PREMIUM CLASS
[MULTIPLIER] 1
<TABLE>
<S> <C>
[PERIOD-TYPE] 6-MOS
[FISCAL-YEAR-END] DEC-31-1999
[PERIOD-END] JUN-30-1999
[INVESTMENTS-AT-COST] 0
[INVESTMENTS-AT-VALUE] 0
[RECEIVABLES] 0
[ASSETS-OTHER] 699984
[OTHER-ITEMS-ASSETS] 0
[TOTAL-ASSETS] 699984
[PAYABLE-FOR-SECURITIES] 0
[SENIOR-LONG-TERM-DEBT] 0
[OTHER-ITEMS-LIABILITIES] 4036
[TOTAL-LIABILITIES] 4036
[SENIOR-EQUITY] 0
[PAID-IN-CAPITAL-COMMON] 715608
[SHARES-COMMON-STOCK] 68877
[SHARES-COMMON-PRIOR] 31124
[ACCUMULATED-NII-CURRENT] 44738
[OVERDISTRIBUTION-NII] 0
[ACCUMULATED-NET-GAINS] (15992)
[OVERDISTRIBUTION-GAINS] 0
[ACCUM-APPREC-OR-DEPREC] (45171)
[NET-ASSETS] 695948
[DIVIDEND-INCOME] 0
[INTEREST-INCOME] 0
[OTHER-INCOME] 18691
[EXPENSES-NET] 1348
[NET-INVESTMENT-INCOME] 17344
[REALIZED-GAINS-CURRENT] (15992)
[APPREC-INCREASE-CURRENT] (7281)
[NET-CHANGE-FROM-OPS] (5929)
[EQUALIZATION] 0
[DISTRIBUTIONS-OF-INCOME] 0
[DISTRIBUTIONS-OF-GAINS] 0
[DISTRIBUTIONS-OTHER] 0
[NUMBER-OF-SHARES-SOLD] 40877
[NUMBER-OF-SHARES-REDEEMED] (3124)
[SHARES-REINVESTED] 0
[NET-CHANGE-IN-ASSETS] 380636
[ACCUMULATED-NII-PRIOR] 27394
[ACCUMULATED-GAINS-PRIOR] 0
[OVERDISTRIB-NII-PRIOR] 0
[OVERDIST-NET-GAINS-PRIOR] 0
[GROSS-ADVISORY-FEES] 0
[INTEREST-EXPENSE] 0
[GROSS-EXPENSE] 13696
[AVERAGE-NET-ASSETS] 393087
[PER-SHARE-NAV-BEGIN] 10.13
[PER-SHARE-NII] 0.45
[PER-SHARE-GAIN-APPREC] (0.48)
[PER-SHARE-DIVIDEND] 0
[PER-SHARE-DISTRIBUTIONS] 0
[RETURNS-OF-CAPITAL] 0
[PER-SHARE-NAV-END] 10.10
[EXPENSE-RATIO] 1.30
</TABLE>
[ARTICLE] 6
[CIK]
[NAME] HIGH YIELD INSTITUTIONAL CLASS
[MULTIPLIER] 1
<TABLE>
<S> <C>
[PERIOD-TYPE] 6-MOS
[FISCAL-YEAR-END] DEC-31-1999
[PERIOD-END] JUN-30-1999
[INVESTMENTS-AT-COST] 0
[INVESTMENTS-AT-VALUE] 0
[RECEIVABLES] 0
[ASSETS-OTHER] 2708399
[OTHER-ITEMS-ASSETS] 0
[TOTAL-ASSETS] 2708399
[PAYABLE-FOR-SECURITIES] 0
[SENIOR-LONG-TERM-DEBT] 0
[OTHER-ITEMS-LIABILITIES] 4702
[TOTAL-LIABILITIES] 4702
[SENIOR-EQUITY] 0
[PAID-IN-CAPITAL-COMMON] 2729968
[SHARES-COMMON-STOCK] 266765
[SHARES-COMMON-PRIOR] 211378
[ACCUMULATED-NII-CURRENT] 204332
[OVERDISTRIBUTION-NII] 0
[ACCUMULATED-NET-GAINS] (87270)
[OVERDISTRIBUTION-GAINS] 0
[ACCUM-APPREC-OR-DEPREC] (112378)
[NET-ASSETS] 2703697
[DIVIDEND-INCOME] 0
[INTEREST-INCOME] 0
[OTHER-INCOME] 112805
[EXPENSES-NET] 5721
[NET-INVESTMENT-INCOME] 107085
[REALIZED-GAINS-CURRENT] (87270)
[APPREC-INCREASE-CURRENT] (28944)
[NET-CHANGE-FROM-OPS] (9129)
[EQUALIZATION] 0
[DISTRIBUTIONS-OF-INCOME] 0
[DISTRIBUTIONS-OF-GAINS] 0
[DISTRIBUTIONS-OTHER] 0
[NUMBER-OF-SHARES-SOLD] 91520
[NUMBER-OF-SHARES-REDEEMED] (36132)
[SHARES-REINVESTED] 0
[NET-CHANGE-IN-ASSETS] 557985
[ACCUMULATED-NII-PRIOR] 97247
[ACCUMULATED-GAINS-PRIOR] 0
[OVERDISTRIB-NII-PRIOR] 0
[OVERDIST-NET-GAINS-PRIOR] 0
[GROSS-ADVISORY-FEES] 0
[INTEREST-EXPENSE] 0
[GROSS-EXPENSE] 22019
[AVERAGE-NET-ASSETS] 2317214
[PER-SHARE-NAV-BEGIN] 10.15
[PER-SHARE-NII] 0.47
[PER-SHARE-GAIN-APPREC] (0.48)
[PER-SHARE-DIVIDEND] 0
[PER-SHARE-DISTRIBUTIONS] 0
[RETURNS-OF-CAPITAL] 0
[PER-SHARE-NAV-END] 10.14
[EXPENSE-RATIO] 1.10
</TABLE>
[ARTICLE] 6
[CIK]
[NAME] INTERNATIONAL PREMIUM CLASS
[MULTIPLIER] 1
<TABLE>
<S> <C>
[PERIOD-TYPE] 6-MOS
[FISCAL-YEAR-END] DEC-31-1999
[PERIOD-END] JUN-30-1999
[INVESTMENTS-AT-COST] 0
[INVESTMENTS-AT-VALUE] 0
[RECEIVABLES] 0
[ASSETS-OTHER] 1340961
[OTHER-ITEMS-ASSETS] 0
[TOTAL-ASSETS] 1340961
[PAYABLE-FOR-SECURITIES] 0
[SENIOR-LONG-TERM-DEBT] 0
[OTHER-ITEMS-LIABILITIES] 4026
[TOTAL-LIABILITIES] 4026
[SENIOR-EQUITY] 0
[PAID-IN-CAPITAL-COMMON] 1165443
[SHARES-COMMON-STOCK] 103697
[SHARES-COMMON-PRIOR] 130709
[ACCUMULATED-NII-CURRENT] 10464
[OVERDISTRIBUTION-NII] 0
[ACCUMULATED-NET-GAINS] 37695
[OVERDISTRIBUTION-GAINS] 0
[ACCUM-APPREC-OR-DEPREC] 120098
[NET-ASSETS] 1336935
[DIVIDEND-INCOME] 0
[INTEREST-INCOME] 0
[OTHER-INCOME] 9047
[EXPENSES-NET] 4190
[NET-INVESTMENT-INCOME] 4857
[REALIZED-GAINS-CURRENT] 37695
[APPREC-INCREASE-CURRENT] 207690
[NET-CHANGE-FROM-OPS] 250242
[EQUALIZATION] 0
[DISTRIBUTIONS-OF-INCOME] 0
[DISTRIBUTIONS-OF-GAINS] 0
[DISTRIBUTIONS-OTHER] 0
[NUMBER-OF-SHARES-SOLD] 13826
[NUMBER-OF-SHARES-REDEEMED] (40838)
[SHARES-REINVESTED] 0
[NET-CHANGE-IN-ASSETS] (68895)
[ACCUMULATED-NII-PRIOR] 5607
[ACCUMULATED-GAINS-PRIOR] 0
[OVERDISTRIB-NII-PRIOR] 0
[OVERDIST-NET-GAINS-PRIOR] 0
[GROSS-ADVISORY-FEES] 0
[INTEREST-EXPENSE] 0
[GROSS-EXPENSE] 18961
[AVERAGE-NET-ASSETS] 1401966
[PER-SHARE-NAV-BEGIN] 10.76
[PER-SHARE-NII] 0.04
[PER-SHARE-GAIN-APPREC] 2.09
[PER-SHARE-DIVIDEND] 0
[PER-SHARE-DISTRIBUTIONS] 0
[RETURNS-OF-CAPITAL] 0
[PER-SHARE-NAV-END] 12.89
[EXPENSE-RATIO] 1.45
</TABLE>
[ARTICLE] 6
[CIK]
[NAME] INTERNATIONAL EQUITY INSTITUTIONAL
[MULTIPLIER] 1
<TABLE>
<S> <C>
[PERIOD-TYPE] 6-MOS
[FISCAL-YEAR-END] DEC-31-1999
[PERIOD-END] JUN-30-1999
[INVESTMENTS-AT-COST] 0
[INVESTMENTS-AT-VALUE] 0
[RECEIVABLES] 0
[ASSETS-OTHER] 9197335
[OTHER-ITEMS-ASSETS] 0
[TOTAL-ASSETS] 9197335
[PAYABLE-FOR-SECURITIES] 0
[SENIOR-LONG-TERM-DEBT] 0
[OTHER-ITEMS-LIABILITIES] 5696
[TOTAL-LIABILITIES] 5696
[SENIOR-EQUITY] 0
[PAID-IN-CAPITAL-COMMON] 7696456
[SHARES-COMMON-STOCK] 709562
[SHARES-COMMON-PRIOR] 591586
[ACCUMULATED-NII-CURRENT] 61422
[OVERDISTRIBUTION-NII] 0
[ACCUMULATED-NET-GAINS] 209492
[OVERDISTRIBUTION-GAINS] 0
[ACCUM-APPREC-OR-DEPREC] 1222426
[NET-ASSETS] 9191639
[DIVIDEND-INCOME] 0
[INTEREST-INCOME] 0
[OTHER-INCOME] 50192
[EXPENSES-NET] 15056
[NET-INVESTMENT-INCOME] 35136
[REALIZED-GAINS-CURRENT] 209492
[APPREC-INCREASE-CURRENT] 1156752
[NET-CHANGE-FROM-OPS] 1401380
[EQUALIZATION] 0
[DISTRIBUTIONS-OF-INCOME] 0
[DISTRIBUTIONS-OF-GAINS] 0
[DISTRIBUTIONS-OTHER] 0
[NUMBER-OF-SHARES-SOLD] 260464
[NUMBER-OF-SHARES-REDEEMED] (142487)
[SHARES-REINVESTED] 0
[NET-CHANGE-IN-ASSETS] 2805210
[ACCUMULATED-NII-PRIOR] 26286
[ACCUMULATED-GAINS-PRIOR] 0
[OVERDISTRIB-NII-PRIOR] 0
[OVERDIST-NET-GAINS-PRIOR] 0
[GROSS-ADVISORY-FEES] 0
[INTEREST-EXPENSE] 0
[GROSS-EXPENSE] 45535
[AVERAGE-NET-ASSETS] 7584140
[PER-SHARE-NAV-BEGIN] 10.80
[PER-SHARE-NII] 0.06
[PER-SHARE-GAIN-APPREC] 2.09
[PER-SHARE-DIVIDEND] 0
[PER-SHARE-DISTRIBUTIONS] 0
[RETURNS-OF-CAPITAL] 0
[PER-SHARE-NAV-END] 12.95
[EXPENSE-RATIO] 1.25
</TABLE>
[ARTICLE] 6
[CIK]
[NAME] STEPHENS INTERMEDIATE BOND FUND PREMIUM CLASS
[MULTIPLIER] 1
<TABLE>
<S> <C>
[PERIOD-TYPE] 6-MOS
[FISCAL-YEAR-END] DEC-31-1999
[PERIOD-END] JUN-30-1999
[INVESTMENTS-AT-COST] 0
[INVESTMENTS-AT-VALUE] 0
[RECEIVABLES] 0
[ASSETS-OTHER] 4579080
[OTHER-ITEMS-ASSETS] 0
[TOTAL-ASSETS] 4579080
[PAYABLE-FOR-SECURITIES] 0
[SENIOR-LONG-TERM-DEBT] 0
[OTHER-ITEMS-LIABILITIES] 77717
[TOTAL-LIABILITIES] 77717
[SENIOR-EQUITY] 0
[PAID-IN-CAPITAL-COMMON] 4446817
[SHARES-COMMON-STOCK] 443266
[SHARES-COMMON-PRIOR] 409473
[ACCUMULATED-NII-CURRENT] 205362
[OVERDISTRIBUTION-NII] 0
[ACCUMULATED-NET-GAINS] (3010)
[OVERDISTRIBUTION-GAINS] 0
[ACCUM-APPREC-OR-DEPREC] (24635)
[NET-ASSETS] 4501363
[DIVIDEND-INCOME] 0
[INTEREST-INCOME] 0
[OTHER-INCOME] 100742
[EXPENSES-NET] 44525
[NET-INVESTMENT-INCOME] 56217
[REALIZED-GAINS-CURRENT] (3010)
[APPREC-INCREASE-CURRENT] (77789)
[NET-CHANGE-FROM-OPS] (24582)
[EQUALIZATION] 0
[DISTRIBUTIONS-OF-INCOME] 0
[DISTRIBUTIONS-OF-GAINS] 0
[DISTRIBUTIONS-OTHER] 0
[NUMBER-OF-SHARES-SOLD] 135933
[NUMBER-OF-SHARES-REDEEMED] (102139)
[SHARES-REINVESTED] 0
[NET-CHANGE-IN-ASSETS] 345667
[ACCUMULATED-NII-PRIOR] 149145
[ACCUMULATED-GAINS-PRIOR] 0
[OVERDISTRIB-NII-PRIOR] 0
[OVERDIST-NET-GAINS-PRIOR] 0
[GROSS-ADVISORY-FEES] 0
[INTEREST-EXPENSE] 0
[GROSS-EXPENSE] 77437
[AVERAGE-NET-ASSETS] 4122224
[PER-SHARE-NAV-BEGIN] 10.15
[PER-SHARE-NII] 0.20
[PER-SHARE-GAIN-APPREC] (0.20)
[PER-SHARE-DIVIDEND] 0
[PER-SHARE-DISTRIBUTIONS] 0
[RETURNS-OF-CAPITAL] 0
[PER-SHARE-NAV-END] 10.15
[EXPENSE-RATIO] 0.90
</TABLE>
[ARTICLE] 6
[CIK]
[NAME] STEPHENS INTERMEDIATE BOND INSTITUTIONAL
[MULTIPLIER] 1
<TABLE>
<S> <C>
[PERIOD-TYPE] 6-MOS
[FISCAL-YEAR-END] DEC-31-1999
[PERIOD-END] JUN-30-1999
[INVESTMENTS-AT-COST] 0
[INVESTMENTS-AT-VALUE] 0
[RECEIVABLES] 0
[ASSETS-OTHER] 19775161
[OTHER-ITEMS-ASSETS] 0
[TOTAL-ASSETS] 19775161
[PAYABLE-FOR-SECURITIES] 0
[SENIOR-LONG-TERM-DEBT] 0
[OTHER-ITEMS-LIABILITIES] 117724
[TOTAL-LIABILITIES] 117724
[SENIOR-EQUITY] 0
[PAID-IN-CAPITAL-COMMON] 19422859
[SHARES-COMMON-STOCK] 1912077
[SHARES-COMMON-PRIOR] 1630383
[ACCUMULATED-NII-CURRENT] 822710
[OVERDISTRIBUTION-NII] 0
[ACCUMULATED-NET-GAINS] (12925)
[OVERDISTRIBUTION-GAINS] 0
[ACCUM-APPREC-OR-DEPREC] (146467)
[NET-ASSETS] 19657437
[DIVIDEND-INCOME] 0
[INTEREST-INCOME] 0
[OTHER-INCOME] 471019
[EXPENSES-NET] 76412
[NET-INVESTMENT-INCOME] 394607
[REALIZED-GAINS-CURRENT] (12925)
[APPREC-INCREASE-CURRENT] (355463)
[NET-CHANGE-FROM-OPS] 26219
[EQUALIZATION] 0
[DISTRIBUTIONS-OF-INCOME] 0
[DISTRIBUTIONS-OF-GAINS] 0
[DISTRIBUTIONS-OTHER] 0
[NUMBER-OF-SHARES-SOLD] 842677
[NUMBER-OF-SHARES-REDEEMED] (560983)
[SHARES-REINVESTED] 0
[NET-CHANGE-IN-ASSETS] 2914397
[ACCUMULATED-NII-PRIOR] 428103
[ACCUMULATED-GAINS-PRIOR] 0
[OVERDISTRIB-NII-PRIOR] 0
[OVERDIST-NET-GAINS-PRIOR] 0
[GROSS-ADVISORY-FEES] 0
[INTEREST-EXPENSE] 0
[GROSS-EXPENSE] 123319
[AVERAGE-NET-ASSETS] 19277695
[PER-SHARE-NAV-BEGIN] 10.27
[PER-SHARE-NII] 0.21
[PER-SHARE-GAIN-APPREC] (0.20)
[PER-SHARE-DIVIDEND] 0
[PER-SHARE-DISTRIBUTIONS] 0
[RETURNS-OF-CAPITAL] 0
[PER-SHARE-NAV-END] 10.28
[EXPENSE-RATIO] 0.80
</TABLE>
[ARTICLE] 6
[CIK]
[NAME] STEPHENS SELECT EQUITY PREMIUM
[MULTIPLIER] 1
<TABLE>
<S> <C>
[PERIOD-TYPE] 6-MOS
[FISCAL-YEAR-END] DEC-31-1999
[PERIOD-END] JUN-30-1999
[INVESTMENTS-AT-COST] 0
[INVESTMENTS-AT-VALUE] 0
[RECEIVABLES] 0
[ASSETS-OTHER] 66
[OTHER-ITEMS-ASSETS] 0
[TOTAL-ASSETS] 66
[PAYABLE-FOR-SECURITIES] 0
[SENIOR-LONG-TERM-DEBT] 0
[OTHER-ITEMS-LIABILITIES] 996
[TOTAL-LIABILITIES] 996
[SENIOR-EQUITY] 0
[PAID-IN-CAPITAL-COMMON] 1065
[SHARES-COMMON-STOCK] 107
[SHARES-COMMON-PRIOR] 105
[ACCUMULATED-NII-CURRENT] 0
[OVERDISTRIBUTION-NII] 3
[ACCUMULATED-NET-GAINS] 0
[OVERDISTRIBUTION-GAINS] 0
[ACCUM-APPREC-OR-DEPREC] 0
[NET-ASSETS] 1062
[DIVIDEND-INCOME] 0
[INTEREST-INCOME] 0
[OTHER-INCOME] 2
[EXPENSES-NET] 5
[NET-INVESTMENT-INCOME] 3
[REALIZED-GAINS-CURRENT] 0
[APPREC-INCREASE-CURRENT] 0
[NET-CHANGE-FROM-OPS] 3
[EQUALIZATION] 0
[DISTRIBUTIONS-OF-INCOME] 0
[DISTRIBUTIONS-OF-GAINS] 0
[DISTRIBUTIONS-OTHER] 0
[NUMBER-OF-SHARES-SOLD] 2
[NUMBER-OF-SHARES-REDEEMED] 0
[SHARES-REINVESTED] 0
[NET-CHANGE-IN-ASSETS] 12
[ACCUMULATED-NII-PRIOR] 50
[ACCUMULATED-GAINS-PRIOR] 0
[OVERDISTRIB-NII-PRIOR] 0
[OVERDIST-NET-GAINS-PRIOR] 0
[GROSS-ADVISORY-FEES] 0
[INTEREST-EXPENSE] 0
[GROSS-EXPENSE] 19080
[AVERAGE-NET-ASSETS] 1053
[PER-SHARE-NAV-BEGIN] 10.00
[PER-SHARE-NII] (0.04)
[PER-SHARE-GAIN-APPREC] 0.01
[PER-SHARE-DIVIDEND] 0
[PER-SHARE-DISTRIBUTIONS] 0
[RETURNS-OF-CAPITAL] 0
[PER-SHARE-NAV-END] 9.97
[EXPENSE-RATIO] 0.90
</TABLE>
[ARTICLE] 6
[CIK]
[NAME] STEPHENS SELECT EQUITY INSTITUTIONAL CLASS
[MULTIPLIER] 1
<TABLE>
<S> <C>
[PERIOD-TYPE] 6-MOS
[FISCAL-YEAR-END] DEC-31-1999
[PERIOD-END] JUN-30-1999
[INVESTMENTS-AT-COST] 0
[INVESTMENTS-AT-VALUE] 0
[RECEIVABLES] 0
[ASSETS-OTHER] 63
[OTHER-ITEMS-ASSETS] 0
[TOTAL-ASSETS] 63
[PAYABLE-FOR-SECURITIES] 0
[SENIOR-LONG-TERM-DEBT] 0
[OTHER-ITEMS-LIABILITIES] 999
[TOTAL-LIABILITIES] 999
[SENIOR-EQUITY] 0
[PAID-IN-CAPITAL-COMMON] 1064
[SHARES-COMMON-STOCK] 106
[SHARES-COMMON-PRIOR] 105
[ACCUMULATED-NII-CURRENT] 52
[OVERDISTRIBUTION-NII] 0
[ACCUMULATED-NET-GAINS] 0
[OVERDISTRIBUTION-GAINS] 0
[ACCUM-APPREC-OR-DEPREC] 0
[NET-ASSETS] 1062
[DIVIDEND-INCOME] 0
[INTEREST-INCOME] 0
[OTHER-INCOME] 2
[EXPENSES-NET] 4
[NET-INVESTMENT-INCOME] (2)
[REALIZED-GAINS-CURRENT] 0
[APPREC-INCREASE-CURRENT] 0
[NET-CHANGE-FROM-OPS] (2)
[EQUALIZATION] 0
[DISTRIBUTIONS-OF-INCOME] 0
[DISTRIBUTIONS-OF-GAINS] 0
[DISTRIBUTIONS-OTHER] 0
[NUMBER-OF-SHARES-SOLD] 1
[NUMBER-OF-SHARES-REDEEMED] 0
[SHARES-REINVESTED] 0
[NET-CHANGE-IN-ASSETS] 8
[ACCUMULATED-NII-PRIOR] 54
[ACCUMULATED-GAINS-PRIOR] 0
[OVERDISTRIB-NII-PRIOR] 0
[OVERDIST-NET-GAINS-PRIOR] 0
[GROSS-ADVISORY-FEES] 0
[INTEREST-EXPENSE] 0
[GROSS-EXPENSE] 19080
[AVERAGE-NET-ASSETS] 1056
[PER-SHARE-NAV-BEGIN] 10.01
[PER-SHARE-NII] (0.02)
[PER-SHARE-GAIN-APPREC] 0
[PER-SHARE-DIVIDEND] 0
[PER-SHARE-DISTRIBUTIONS] 0
[RETURNS-OF-CAPITAL] 0
[PER-SHARE-NAV-END] 9.99
[EXPENSE-RATIO] 0.85
</TABLE>
