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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 21
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<PAGE> PAGE 30
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<PAGE> PAGE 32
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<PAGE> PAGE 33
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<PAGE> PAGE 34
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<PAGE> PAGE 41
070 B021000 N
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070 D011000 N
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
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070 Q011000 N
070 Q021000 N
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<PAGE> PAGE 42
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<PAGE> PAGE 43
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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
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070 L011100 N
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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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070 E011200 N
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070 F011200 N
070 F021200 N
070 G011200 N
070 G021200 N
070 H011200 N
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070 K021200 Y
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070 M021200 N
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<PAGE> PAGE 49
070 N021200 N
070 O011200 N
070 O021200 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
008 D031301 10577
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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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070 H011300 N
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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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008 D031402 72201
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
054 E001400 N
054 F001400 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
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<PAGE> PAGE 60
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054 B001500 N
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054 D001500 N
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
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<PAGE> PAGE 61
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<PAGE> PAGE 62
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<PAGE> PAGE 63
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SIGNATURE ALFRED C. SYLVAIN
TITLE VICE PRESIDENT
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
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<NAME> EQUITY VALUE INSTITUTIONAL
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WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<CIK>
<NAME> HIGH YIELD PREMIUM
<MULTIPLIER> 1
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> DEC-31-1998
<PERIOD-END> DEC-31-1998
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<ACCUM-APPREC-OR-DEPREC> (37890)
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<SHARES-REINVESTED> 168
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<ACCUMULATED-NII-PRIOR> 0
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<PER-SHARE-NAV-BEGIN> 10.00
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<PER-SHARE-GAIN-APPREC> (0.67)
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<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 10.13
<EXPENSE-RATIO> 1.30
<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
<CIK>
<NAME> HIGH YIELD INSTITUTIONAL
<MULTIPLIER> 1
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> DEC-31-1998
<PERIOD-END> DEC-31-1998
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<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 2229146
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<SHARES-COMMON-PRIOR> 0
<ACCUMULATED-NII-CURRENT> 97247
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 0
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> (83434)
<NET-ASSETS> 2145712
<DIVIDEND-INCOME> 0
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<OTHER-INCOME> 110577
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<NET-INVESTMENT-INCOME> 97247
<REALIZED-GAINS-CURRENT> (18197)
<APPREC-INCREASE-CURRENT> (83434)
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<DISTRIBUTIONS-OF-GAINS> 0
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<NUMBER-OF-SHARES-SOLD> 250198
<NUMBER-OF-SHARES-REDEEMED> (40077)
<SHARES-REINVESTED> 1257
<NET-CHANGE-IN-ASSETS> 2158469
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
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<OVERDIST-NET-GAINS-PRIOR> 0
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<GROSS-EXPENSE> 13330
<AVERAGE-NET-ASSETS> 1225181
<PER-SHARE-NAV-BEGIN> 10.00
<PER-SHARE-NII> 0.81
<PER-SHARE-GAIN-APPREC> (0.60)
<PER-SHARE-DIVIDEND> (0.06)
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 10.15
<EXPENSE-RATIO> 1.10
<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
<CIK>
<NAME> INTERNATIONAL PREMIUM
<MULTIPLIER> 1
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> DEC-31-1998
<PERIOD-END> DEC-31-1998
<INVESTMENTS-AT-COST> 0
<INVESTMENTS-AT-VALUE> 0
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<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 5477
<TOTAL-LIABILITIES> 5477
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 1493421
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<SHARES-COMMON-PRIOR> 0
<ACCUMULATED-NII-CURRENT> 5607
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 0
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> (87592)
<NET-ASSETS> 1405830
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 0
<OTHER-INCOME> 20533
<EXPENSES-NET> 14926
<NET-INVESTMENT-INCOME> 5607
<REALIZED-GAINS-CURRENT> 34742
<APPREC-INCREASE-CURRENT> (87592)
<NET-CHANGE-FROM-OPS> (47243)
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<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 266842
<NUMBER-OF-SHARES-REDEEMED> (139102)
<SHARES-REINVESTED> 2969
<NET-CHANGE-IN-ASSETS> 1437337
<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> 14926
<AVERAGE-NET-ASSETS> 1043451
<PER-SHARE-NAV-BEGIN> 10.00
<PER-SHARE-NII> 0.06
<PER-SHARE-GAIN-APPREC> 0.95
<PER-SHARE-DIVIDEND> (0.25)
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 10.76
<EXPENSE-RATIO> 1.45
<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
<CIK>
<NAME> INTERNATIONAL EQUITY INSTITUTIONAL
<MULTIPLIER> 1
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> DEC-31-1998
<PERIOD-END> DEC-31-1998
<INVESTMENTS-AT-COST> 0
<INVESTMENTS-AT-VALUE> 0
<RECEIVABLES> 40419
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<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 6395365
<PAYABLE-FOR-SECURITIES> 1842
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 7094
<TOTAL-LIABILITIES> 8936
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 6320755
<SHARES-COMMON-STOCK> 591586
<SHARES-COMMON-PRIOR> 0
<ACCUMULATED-NII-CURRENT> 26286
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 0
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 65674
<NET-ASSETS> 6386429
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 0
<OTHER-INCOME> 72899
<EXPENSES-NET> 46613
<NET-INVESTMENT-INCOME> 26286
<REALIZED-GAINS-CURRENT> 126705
<APPREC-INCREASE-CURRENT> 65674
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<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 694774
<NUMBER-OF-SHARES-REDEEMED> (114925)
<SHARES-REINVESTED> 11737
<NET-CHANGE-IN-ASSETS> 6511258
<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> 46613
<AVERAGE-NET-ASSETS> 3781427
<PER-SHARE-NAV-BEGIN> 10.00
<PER-SHARE-NII> 0.07
<PER-SHARE-GAIN-APPREC> 0.95
<PER-SHARE-DIVIDEND> (0.22)
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 10.80
<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
<CIK>
<NAME> STEPHENS INTERMEDIATE BOND PREMIUM
<MULTIPLIER> 1
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> DEC-31-1998
<PERIOD-END> DEC-31-1998
<INVESTMENTS-AT-COST> 0
<INVESTMENTS-AT-VALUE> 0
<RECEIVABLES> 0
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<OTHER-ITEMS-ASSETS> 0
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<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 38525
<TOTAL-LIABILITIES> 38525
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 4102542
<SHARES-COMMON-STOCK> 409473
<SHARES-COMMON-PRIOR> 0
<ACCUMULATED-NII-CURRENT> 149145
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 0
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 53154
<NET-ASSETS> 4155696
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 0
<OTHER-INCOME> 178952
<EXPENSES-NET> 29807
<NET-INVESTMENT-INCOME> 149145
<REALIZED-GAINS-CURRENT> 30486
<APPREC-INCREASE-CURRENT> 53154
<NET-CHANGE-FROM-OPS> 232785
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 179630
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 163
<NUMBER-OF-SHARES-SOLD> 499850
<NUMBER-OF-SHARES-REDEEMED> (108056)
<SHARES-REINVESTED> 17679
<NET-CHANGE-IN-ASSETS> 4335490
<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> 29807
<AVERAGE-NET-ASSETS> 3360125
<PER-SHARE-NAV-BEGIN> 10.00
<PER-SHARE-NII> 0.45
<PER-SHARE-GAIN-APPREC> 0.16
<PER-SHARE-DIVIDEND> (0.46)
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 10.15
<EXPENSE-RATIO> 0.90
<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
<CIK>
<NAME> STEPHENS INTERMEDIATE BOND INSTITUTIONAL
<MULTIPLIER> 1
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> DEC-31-1998
<PERIOD-END> DEC-31-1998
<INVESTMENTS-AT-COST> 0
<INVESTMENTS-AT-VALUE> 0
<RECEIVABLES> 72219
<ASSETS-OTHER> 16753653
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 16825871
<PAYABLE-FOR-SECURITIES> 17285
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 65548
<TOTAL-LIABILITIES> 82833
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 16534043
<SHARES-COMMON-STOCK> 1630383
<SHARES-COMMON-PRIOR> 0
<ACCUMULATED-NII-CURRENT> 428103
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 0
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 208996
<NET-ASSETS> 16743039
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 0
<OTHER-INCOME> 503299
<EXPENSES-NET> 75196
<NET-INVESTMENT-INCOME> 428103
<REALIZED-GAINS-CURRENT> 116855
<APPREC-INCREASE-CURRENT> 208996
<NET-CHANGE-FROM-OPS> 753954
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 544958
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 636
<NUMBER-OF-SHARES-SOLD> 2096429
<NUMBER-OF-SHARES-REDEEMED> (519068)
<SHARES-REINVESTED> 53022
<NET-CHANGE-IN-ASSETS> 17288633
<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> 75196
<AVERAGE-NET-ASSETS> 9549903
<PER-SHARE-NAV-BEGIN> 10.00
<PER-SHARE-NII> 0.46
<PER-SHARE-GAIN-APPREC> 0.16
<PER-SHARE-DIVIDEND> (0.35)
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 10.27
<EXPENSE-RATIO> 0.80
<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
<CIK>
<NAME> STEPHENS SELECT EQUITY PREMIUM
<MULTIPLIER> 1
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> DEC-31-1998
<PERIOD-END> DEC-31-1998
<INVESTMENTS-AT-COST> 0
<INVESTMENTS-AT-VALUE> 0
<RECEIVABLES> 0
<ASSETS-OTHER> 305
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 305
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> (745)
<TOTAL-LIABILITIES> (745)
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 1050
<SHARES-COMMON-STOCK> 105
<SHARES-COMMON-PRIOR> 0
<ACCUMULATED-NII-CURRENT> 50
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 0
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 0
<NET-ASSETS> 1050
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 0
<OTHER-INCOME> 59
<EXPENSES-NET> 9
<NET-INVESTMENT-INCOME> 50
<REALIZED-GAINS-CURRENT> 0
<APPREC-INCREASE-CURRENT> 0
<NET-CHANGE-FROM-OPS> 50
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 50
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 100
<NUMBER-OF-SHARES-REDEEMED> 0
<SHARES-REINVESTED> 5
<NET-CHANGE-IN-ASSETS> 1050
<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> 9
<AVERAGE-NET-ASSETS> 1022
<PER-SHARE-NAV-BEGIN> 10.00
<PER-SHARE-NII> 0.50
<PER-SHARE-GAIN-APPREC> 0
<PER-SHARE-DIVIDEND> (0.50)
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 10.00
<EXPENSE-RATIO> 0.90
<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
<CIK>
<NAME> STEPHENS SELECT EQUITY INSTITUTIONAL
<MULTIPLIER> 1
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> DEC-31-1998
<PERIOD-END> DEC-31-1998
<INVESTMENTS-AT-COST> 0
<INVESTMENTS-AT-VALUE> 0
<RECEIVABLES> 0
<ASSETS-OTHER> 306
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 306
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> (747)
<TOTAL-LIABILITIES> (747)
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 1054
<SHARES-COMMON-STOCK> 105
<SHARES-COMMON-PRIOR> 0
<ACCUMULATED-NII-CURRENT> 54
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 0
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 0
<NET-ASSETS> 1054
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 0
<OTHER-INCOME> 61
<EXPENSES-NET> 7
<NET-INVESTMENT-INCOME> 54
<REALIZED-GAINS-CURRENT> 0
<APPREC-INCREASE-CURRENT> 0
<NET-CHANGE-FROM-OPS> 54
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 54
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 100
<NUMBER-OF-SHARES-REDEEMED> 0
<SHARES-REINVESTED> 5
<NET-CHANGE-IN-ASSETS> 1054
<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> 7
<AVERAGE-NET-ASSETS> 1023
<PER-SHARE-NAV-BEGIN> 10.00
<PER-SHARE-NII> 0.54
<PER-SHARE-GAIN-APPREC> 0
<PER-SHARE-DIVIDEND> (0.53)
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 10.01
<EXPENSE-RATIO> 0.85
<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
<CIK>
<NAME> MONEY MARKET DIVERSIFIED CLASS
<MULTIPLIER> 1
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> DEC-31-1998
<PERIOD-END> DEC-31-1998
<INVESTMENTS-AT-COST> 0
<INVESTMENTS-AT-VALUE> 0
<RECEIVABLES> 5061218
<ASSETS-OTHER> 59031941
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 64093159
<PAYABLE-FOR-SECURITIES> 71165
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 61478
<TOTAL-LIABILITIES> 132643
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 72974409
<SHARES-COMMON-STOCK> 6126606
<SHARES-COMMON-PRIOR> 2095956
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 0
<OVERDISTRIBUTION-GAINS> (2290)
<ACCUM-APPREC-OR-DEPREC> 0
<NET-ASSETS> 63979337
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 0
<OTHER-INCOME> 2117894
<EXPENSES-NET> 300900
<NET-INVESTMENT-INCOME> 1816994
<REALIZED-GAINS-CURRENT> (1290)
<APPREC-INCREASE-CURRENT> 0
<NET-CHANGE-FROM-OPS> 1815704
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 1820907
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 8384
<NUMBER-OF-SHARES-SOLD> 21005330
<NUMBER-OF-SHARES-REDEEMED> (17150067)
<SHARES-REINVESTED> 175387
<NET-CHANGE-IN-ASSETS> 42479132
<ACCUMULATED-NII-PRIOR> 3845
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> (817)
<GROSS-ADVISORY-FEES> 0
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 364670
<AVERAGE-NET-ASSETS> 37715943
<PER-SHARE-NAV-BEGIN> 10.26
<PER-SHARE-NII> .51
<PER-SHARE-GAIN-APPREC> 0
<PER-SHARE-DIVIDEND> (.33)
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 10.44
<EXPENSE-RATIO> .80
<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
<CIK>
<NAME> HIGH QUALITY BOND FUND
<MULTIPLIER> 1
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> DEC-31-1998
<PERIOD-END> DEC-31-1998
<INVESTMENTS-AT-COST> 0
<INVESTMENTS-AT-VALUE> 0
<RECEIVABLES> 27429
<ASSETS-OTHER> 21045991
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 21073420
<PAYABLE-FOR-SECURITIES> 11279
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 30807
<TOTAL-LIABILITIES> 42086
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 20990347
<SHARES-COMMON-STOCK> 1846651
<SHARES-COMMON-PRIOR> 762322
<ACCUMULATED-NII-CURRENT> 3707
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 0
<OVERDISTRIBUTION-GAINS> (39968)
<ACCUM-APPREC-OR-DEPREC> 77248
<NET-ASSETS> 21031334
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 0
<OTHER-INCOME> 822678
<EXPENSES-NET> 84836
<NET-INVESTMENT-INCOME> 737842
<REALIZED-GAINS-CURRENT> 29057
<APPREC-INCREASE-CURRENT> 31468
<NET-CHANGE-FROM-OPS> 798367
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 727691
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 1484128
<NUMBER-OF-SHARES-REDEEMED> (463688)
<SHARES-REINVESTED> 63889
<NET-CHANGE-IN-ASSETS> 12479816
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> (56806)
<GROSS-ADVISORY-FEES> 0
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 116460
<AVERAGE-NET-ASSETS> 13994629
<PER-SHARE-NAV-BEGIN> 11.13
<PER-SHARE-NII> .61
<PER-SHARE-GAIN-APPREC> .06
<PER-SHARE-DIVIDEND> (.41)
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 11.39
<EXPENSE-RATIO> 1.00
<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
<CIK>
<NAME> INTERMEDIATE GOVERNMENT BOND FUND
<MULTIPLIER> 1
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> DEC-31-1998
<PERIOD-END> DEC-31-1998
<INVESTMENTS-AT-COST> 0
<INVESTMENTS-AT-VALUE> 0
<RECEIVABLES> 68615
<ASSETS-OTHER> 25963355
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 26031970
<PAYABLE-FOR-SECURITIES> 105505
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 33137
<TOTAL-LIABILITIES> 138642
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 25775485
<SHARES-COMMON-STOCK> 2358432
<SHARES-COMMON-PRIOR> 798187
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 0
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 117843
<NET-ASSETS> 25893328
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 0
<OTHER-INCOME> 866368
<EXPENSES-NET> 95886
<NET-INVESTMENT-INCOME> 770482
<REALIZED-GAINS-CURRENT> 107529
<APPREC-INCREASE-CURRENT> 49732
<NET-CHANGE-FROM-OPS> 927743
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 826903
<DISTRIBUTIONS-OF-GAINS> 24737
<DISTRIBUTIONS-OTHER> 4962
<NUMBER-OF-SHARES-SOLD> 1920164
<NUMBER-OF-SHARES-REDEEMED> (437934)
<SHARES-REINVESTED> 78015
<NET-CHANGE-IN-ASSETS> 17306299
<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> 126876
<AVERAGE-NET-ASSETS> 15920294
<PER-SHARE-NAV-BEGIN> 10.67
<PER-SHARE-NII> .54
<PER-SHARE-GAIN-APPREC> .15
<PER-SHARE-DIVIDEND> (.37)
<PER-SHARE-DISTRIBUTIONS> (.01)
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 10.98
<EXPENSE-RATIO> 1.00
<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
<CIK>
<NAME> GOVERNMENT CORPORATE BOND FUND
<MULTIPLIER> 1
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> DEC-31-1998
<PERIOD-END> DEC-31-1998
<INVESTMENTS-AT-COST> 0
<INVESTMENTS-AT-VALUE> 0
<RECEIVABLES> 52962
<ASSETS-OTHER> 65686956
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 65739918
<PAYABLE-FOR-SECURITIES> 72237
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 61901
<TOTAL-LIABILITIES> 134138
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 65211256
<SHARES-COMMON-STOCK> 5208803
<SHARES-COMMON-PRIOR> 1753315
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 0
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 394524
<NET-ASSETS> 65605780
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 0
<OTHER-INCOME> 2558073
<EXPENSES-NET> 264572
<NET-INVESTMENT-INCOME> 2293501
<REALIZED-GAINS-CURRENT> 469962
<APPREC-INCREASE-CURRENT> 94759
<NET-CHANGE-FROM-OPS> 2858222
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 2700618
<DISTRIBUTIONS-OF-GAINS> 32409
<DISTRIBUTIONS-OTHER> 1598
<NUMBER-OF-SHARES-SOLD> 3898145
<NUMBER-OF-SHARES-REDEEMED> (659518)
<SHARES-REINVESTED> 216861
<NET-CHANGE-IN-ASSETS> 43977356
<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> 288247
<AVERAGE-NET-ASSETS> 42872947
<PER-SHARE-NAV-BEGIN> 12.27
<PER-SHARE-NII> .68
<PER-SHARE-GAIN-APPREC> .20
<PER-SHARE-DIVIDEND> (.54)
<PER-SHARE-DISTRIBUTIONS> (.01)
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 12.60
<EXPENSE-RATIO> 1.00
<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
<CIK>
<NAME> BALANCED FUND
<MULTIPLIER> 1
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> DEC-31-1998
<PERIOD-END> DEC-31-1998
<INVESTMENTS-AT-COST> 0
<INVESTMENTS-AT-VALUE> 0
<RECEIVABLES> 96331
<ASSETS-OTHER> 103481766
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 103578097
<PAYABLE-FOR-SECURITIES> 24710
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 83108
<TOTAL-LIABILITIES> 107818
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 100306464
<SHARES-COMMON-STOCK> 6569747
<SHARES-COMMON-PRIOR> 3361267
<ACCUMULATED-NII-CURRENT> 367621
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 0
<OVERDISTRIBUTION-GAINS> (414945)
<ACCUM-APPREC-OR-DEPREC> 3211139
<NET-ASSETS> 103470279
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 0
<OTHER-INCOME> 2457602
<EXPENSES-NET> 469581
<NET-INVESTMENT-INCOME> 1988021
<REALIZED-GAINS-CURRENT> 2950967
<APPREC-INCREASE-CURRENT> 3165697
<NET-CHANGE-FROM-OPS> 8104685
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 1839411
<DISTRIBUTIONS-OF-GAINS> 1553898
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 3906887
<NUMBER-OF-SHARES-REDEEMED> (920933)
<SHARES-REINVESTED> 222526
<NET-CHANGE-IN-ASSETS> 49744584
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 71371
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 0
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 482589
<AVERAGE-NET-ASSETS> 76984926
<PER-SHARE-NAV-BEGIN> 14.58
<PER-SHARE-NII> .40
<PER-SHARE-GAIN-APPREC> 1.31
<PER-SHARE-DIVIDEND> (.29)
<PER-SHARE-DISTRIBUTIONS> (.25)
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 15.75
<EXPENSE-RATIO> 1.10
<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
<CIK>
<NAME> EQUITY INCOME FUND
<MULTIPLIER> 1
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> DEC-31-1998
<PERIOD-END> DEC-31-1998
<INVESTMENTS-AT-COST> 0
<INVESTMENTS-AT-VALUE> 0
<RECEIVABLES> 93834
<ASSETS-OTHER> 124524882
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 124618716
<PAYABLE-FOR-SECURITIES> 49017
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 91486
<TOTAL-LIABILITIES> 124478213
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 119091020
<SHARES-COMMON-STOCK> 5948150
<SHARES-COMMON-PRIOR> 488902
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 23843
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 5363350
<NET-ASSETS> 124478213
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 0
<OTHER-INCOME> 2031913
<EXPENSES-NET> 473233
<NET-INVESTMENT-INCOME> 1558680
<REALIZED-GAINS-CURRENT> 7369063
<APPREC-INCREASE-CURRENT> 1875535
<NET-CHANGE-FROM-OPS> 10803278
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 1592156
<DISTRIBUTIONS-OF-GAINS> 2051367
<DISTRIBUTIONS-OTHER> 135587
<NUMBER-OF-SHARES-SOLD> 3682843
<NUMBER-OF-SHARES-REDEEMED> (1196643)
<SHARES-REINVESTED> 186715
<NET-CHANGE-IN-ASSETS> 54517422
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> (20321)
<GROSS-ADVISORY-FEES> 0
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 557134
<AVERAGE-NET-ASSETS> 90517599
<PER-SHARE-NAV-BEGIN> 19.22
<PER-SHARE-NII> .35
<PER-SHARE-GAIN-APPREC> 2.02
<PER-SHARE-DIVIDEND> (.28)
<PER-SHARE-DISTRIBUTIONS> (.36)
<RETURNS-OF-CAPITAL> (.02)
<PER-SHARE-NAV-END> 20.93
<EXPENSE-RATIO> 1.00
<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
<CIK>
<NAME> EQUITY VALUE DIVERSIFIED CLASS
<MULTIPLIER> 1
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> DEC-31-1998
<PERIOD-END> DEC-31-1998
<INVESTMENTS-AT-COST> 0
<INVESTMENTS-AT-VALUE> 0
<RECEIVABLES> 62589
<ASSETS-OTHER> 54078344
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 54140933
<PAYABLE-FOR-SECURITIES> 9866
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 83509
<TOTAL-LIABILITIES> 93375
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 71524488
<SHARES-COMMON-STOCK> 4367595
<SHARES-COMMON-PRIOR> 1737282
<ACCUMULATED-NII-CURRENT> 342968
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 0
<OVERDISTRIBUTION-GAINS> (293528)
<ACCUM-APPREC-OR-DEPREC> (1664114)
<NET-ASSETS> 54085925
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 0
<OTHER-INCOME> 848322
<EXPENSES-NET> 448369
<NET-INVESTMENT-INCOME> 399953
<REALIZED-GAINS-CURRENT> 4719096
<APPREC-INCREASE-CURRENT> (657819)
<NET-CHANGE-FROM-OPS> 4461230
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 4231536
<DISTRIBUTIONS-OF-GAINS> 454438
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 3677549
<NUMBER-OF-SHARES-REDEEMED> (1433549)
<SHARES-REINVESTED> 386313
<NET-CHANGE-IN-ASSETS> 33142683
<ACCUMULATED-NII-PRIOR> 59613
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> (54029)
<GROSS-ADVISORY-FEES> 0
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 523381
<AVERAGE-NET-ASSETS> 40850292
<PER-SHARE-NAV-BEGIN> 12.27
<PER-SHARE-NII> .13
<PER-SHARE-GAIN-APPREC> 1.17
<PER-SHARE-DIVIDEND> (1.07)
<PER-SHARE-DISTRIBUTIONS> (.12)
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 12.38
<EXPENSE-RATIO> 1.10
<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
<CIK>
<NAME> GROWTH AND INCOME FUND
<MULTIPLIER> 1
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> DEC-31-1998
<PERIOD-END> DEC-31-1998
<INVESTMENTS-AT-COST> 0
<INVESTMENTS-AT-VALUE> 0
<RECEIVABLES> 519073
<ASSETS-OTHER> 200663120
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 201182193
<PAYABLE-FOR-SECURITIES> 92674
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 143110
<TOTAL-LIABILITIES> 235784
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 164068146
<SHARES-COMMON-STOCK> 8376545
<SHARES-COMMON-PRIOR> 3359643
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 0
<OVERDISTRIBUTION-GAINS> 2653920
<ACCUM-APPREC-OR-DEPREC> 39532183
<NET-ASSETS> 200946409
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 0
<OTHER-INCOME> 347062
<EXPENSES-NET> 609646
<NET-INVESTMENT-INCOME> (262584)
<REALIZED-GAINS-CURRENT> 3532208
<APPREC-INCREASE-CURRENT> 35147645
<NET-CHANGE-FROM-OPS> 38417269
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 26386
<DISTRIBUTIONS-OF-GAINS> 90329
<DISTRIBUTIONS-OTHER> 3437597
<NUMBER-OF-SHARES-SOLD> 6820697
<NUMBER-OF-SHARES-REDEEMED> (1961108)
<SHARES-REINVESTED> 157313
<NET-CHANGE-IN-ASSETS> 105062668
<ACCUMULATED-NII-PRIOR> 26385
<ACCUMULATED-GAINS-PRIOR> 17921
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 0
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 725441
<AVERAGE-NET-ASSETS> 117751426
<PER-SHARE-NAV-BEGIN> 18.16
<PER-SHARE-NII> (.05)
<PER-SHARE-GAIN-APPREC> 6.32
<PER-SHARE-DIVIDEND> (.01)
<PER-SHARE-DISTRIBUTIONS> (.01)
<RETURNS-OF-CAPITAL> (.42)
<PER-SHARE-NAV-END> 23.99
<EXPENSE-RATIO> 1.15
<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
<CIK>
<NAME> EQUITY GROWTH DIVERSIFIED CLASS
<MULTIPLIER> 1
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> DEC-31-1998
<PERIOD-END> DEC-31-1998
<INVESTMENTS-AT-COST> 0
<INVESTMENTS-AT-VALUE> 0
<RECEIVABLES> 141884
<ASSETS-OTHER> 150985342
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 151127226
<PAYABLE-FOR-SECURITIES> 79930
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 113171
<TOTAL-LIABILITIES> 193101
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 124662897
<SHARES-COMMON-STOCK> 6473592
<SHARES-COMMON-PRIOR> 3224919
<ACCUMULATED-NII-CURRENT> 308324
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 0
<OVERDISTRIBUTION-GAINS> (179635)
<ACCUM-APPREC-OR-DEPREC> 31410041
<NET-ASSETS> 150958507
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 0
<OTHER-INCOME> 813506
<EXPENSES-NET> 1146458
<NET-INVESTMENT-INCOME> (332952)
<REALIZED-GAINS-CURRENT> 8975524
<APPREC-INCREASE-CURRENT> 24900803
<NET-CHANGE-FROM-OPS> 33543375
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 550219
<DISTRIBUTIONS-OF-GAINS> 4082090
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 4337297
<NUMBER-OF-SHARES-REDEEMED> (1300048)
<SHARES-REINVESTED> 211424
<NET-CHANGE-IN-ASSETS> 64860749
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> (798)
<GROSS-ADVISORY-FEES> 0
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 1164688
<AVERAGE-NET-ASSETS> 92382988
<PER-SHARE-NAV-BEGIN> 17.73
<PER-SHARE-NII> (.07)
<PER-SHARE-GAIN-APPREC> 6.41
<PER-SHARE-DIVIDEND> (.09)
<PER-SHARE-DISTRIBUTIONS> (.66)
<RETURNS-OF-CAPITAL> (.75)
<PER-SHARE-NAV-END> 23.32
<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
<CIK>
<NAME> SPECIAL EQUITY FUND DIVERSIFIED CLASS
<MULTIPLIER> 1
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> DEC-31-1998
<PERIOD-END> DEC-31-1998
<INVESTMENTS-AT-COST> 0
<INVESTMENTS-AT-VALUE> 0
<RECEIVABLES> 273259
<ASSETS-OTHER> 130188781
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 130462040
<PAYABLE-FOR-SECURITIES> 4518515
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 95579
<TOTAL-LIABILITIES> 4614094
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 128729596
<SHARES-COMMON-STOCK> 6000556
<SHARES-COMMON-PRIOR> 3076181
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> (520889)
<ACCUMULATED-NET-GAINS> 0
<OVERDISTRIBUTION-GAINS> (1878123)
<ACCUM-APPREC-OR-DEPREC> 8503852
<NET-ASSETS> 125863140
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 0
<OTHER-INCOME> 882373
<EXPENSES-NET> 1296849
<NET-INVESTMENT-INCOME> (414476)
<REALIZED-GAINS-CURRENT> 1357637
<APPREC-INCREASE-CURRENT> 3699394
<NET-CHANGE-FROM-OPS> 4642555
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 391549
<DISTRIBUTIONS-OF-GAINS> 323432
<DISTRIBUTIONS-OTHER> 616232
<NUMBER-OF-SHARES-SOLD> 4721237
<NUMBER-OF-SHARES-REDEEMED> (1860112)
<SHARES-REINVESTED> 63250
<NET-CHANGE-IN-ASSETS> 59213466
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 326085
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 0
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 1306923
<AVERAGE-NET-ASSETS> 89485440
<PER-SHARE-NAV-BEGIN> 20.56
<PER-SHARE-NII> (.09)
<PER-SHARE-GAIN-APPREC> .72
<PER-SHARE-DIVIDEND> (.07)
<PER-SHARE-DISTRIBUTIONS> (.05)
<RETURNS-OF-CAPITAL> (.09)
<PER-SHARE-NAV-END> 20.98
<EXPENSE-RATIO> 1.45
<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
<CIK>
<NAME> AGGRESSIVE EQUITY FUND
<MULTIPLIER> 1
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> DEC-31-1998
<PERIOD-END> DEC-31-1998
<INVESTMENTS-AT-COST> 0
<INVESTMENTS-AT-VALUE> 0
<RECEIVABLES> 81200
<ASSETS-OTHER> 34121514
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 34202714
<PAYABLE-FOR-SECURITIES> 8119
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<OTHER-ITEMS-LIABILITIES> 39615
<TOTAL-LIABILITIES> 47734
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 27129998
<SHARES-COMMON-STOCK> 2467495
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<ACCUMULATED-NII-CURRENT> 0
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<ACCUMULATED-NET-GAINS> 0
<OVERDISTRIBUTION-GAINS> (765515)
<ACCUM-APPREC-OR-DEPREC> 7790497
<NET-ASSETS> 34154980
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 0
<OTHER-INCOME> (61820)
<EXPENSES-NET> 95524
<NET-INVESTMENT-INCOME> (157344)
<REALIZED-GAINS-CURRENT> 531404
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<NET-CHANGE-FROM-OPS> 8121159
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<DISTRIBUTIONS-OF-GAINS> 6693
<DISTRIBUTIONS-OTHER> 727322
<NUMBER-OF-SHARES-SOLD> 2037920
<NUMBER-OF-SHARES-REDEEMED> (513586)
<SHARES-REINVESTED> 57387
<NET-CHANGE-IN-ASSETS> 17912117
<ACCUMULATED-NII-PRIOR> 0
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<OVERDISTRIB-NII-PRIOR> 0
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<GROSS-EXPENSE> 147874
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<PER-SHARE-NAV-BEGIN> 10.00
<PER-SHARE-NII> (.09)
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<PER-SHARE-NAV-END> 13.84
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<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
<CIK>
<NAME> HIGH YIELD BOND DIVERSIFIED CLASS
<MULTIPLIER> 1
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> DEC-31-1998
<PERIOD-END> DEC-31-1998
<INVESTMENTS-AT-COST> 0
<INVESTMENTS-AT-VALUE> 0
<RECEIVABLES> 17013
<ASSETS-OTHER> 23006189
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<PAYABLE-FOR-SECURITIES> 6185
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<OTHER-ITEMS-LIABILITIES> 44083
<TOTAL-LIABILITIES> 50268
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<PAID-IN-CAPITAL-COMMON> 25384810
<SHARES-COMMON-STOCK> 1991471
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<ACCUMULATED-NII-CURRENT> 1344743
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<OVERDISTRIBUTION-GAINS> (170035)
<ACCUM-APPREC-OR-DEPREC> (1103904)
<NET-ASSETS> 22994590
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 0
<OTHER-INCOME> 1550205
<EXPENSES-NET> 183282
<NET-INVESTMENT-INCOME> 1366923
<REALIZED-GAINS-CURRENT> 148607
<APPREC-INCREASE-CURRENT> (1098782)
<NET-CHANGE-FROM-OPS> 416748
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<DISTRIBUTIONS-OF-INCOME> 152410
<DISTRIBUTIONS-OF-GAINS> 13407
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<NUMBER-OF-SHARES-SOLD> 1509107
<NUMBER-OF-SHARES-REDEEMED> (272556)
<SHARES-REINVESTED> 14357
<NET-CHANGE-IN-ASSETS> 14609989
<ACCUMULATED-NII-PRIOR> 19965
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<GROSS-EXPENSE> 232352
<AVERAGE-NET-ASSETS> 16694583
<PER-SHARE-NAV-BEGIN> 11.38
<PER-SHARE-NII> .96
<PER-SHARE-GAIN-APPREC> (.70)
<PER-SHARE-DIVIDEND> (.08)
<PER-SHARE-DISTRIBUTIONS> (.01)
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 11.55
<EXPENSE-RATIO> 1.10
<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
<CIK>
<NAME> INTERNATIONAL EQUITY DIVERSIFIED CLASS
<MULTIPLIER> 1
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> DEC-31-1998
<PERIOD-END> DEC-31-1998
<INVESTMENTS-AT-COST> 0
<INVESTMENTS-AT-VALUE> 0
<RECEIVABLES> 51432
<ASSETS-OTHER> 63410862
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 63462294
<PAYABLE-FOR-SECURITIES> 17071
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 67782
<TOTAL-LIABILITIES> 84853
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 69649455
<SHARES-COMMON-STOCK> 4928319
<SHARES-COMMON-PRIOR> 2534851
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> (396012)
<ACCUMULATED-NET-GAINS> 788480
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 1154602
<NET-ASSETS> 63404266
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 0
<OTHER-INCOME> 846706
<EXPENSES-NET> 629302
<NET-INVESTMENT-INCOME> 217404
<REALIZED-GAINS-CURRENT> 1577181
<APPREC-INCREASE-CURRENT> 2323550
<NET-CHANGE-FROM-OPS> 4118135
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 342384
<DISTRIBUTIONS-OF-GAINS> 950014
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 4124237
<NUMBER-OF-SHARES-REDEEMED> (1821168)
<SHARES-REINVESTED> 90399
<NET-CHANGE-IN-ASSETS> 30528645
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> (302924)
<OVERDIST-NET-GAINS-PRIOR> (134)
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<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 687680
<AVERAGE-NET-ASSETS> 45041668
<PER-SHARE-NAV-BEGIN> 11.86
<PER-SHARE-NII> .06
<PER-SHARE-GAIN-APPREC> 1.17
<PER-SHARE-DIVIDEND> (.05)
<PER-SHARE-DISTRIBUTIONS> (.17)
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 12.87
<EXPENSE-RATIO> 1.40
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
