DIVERSIFIED INVESTORS FUNDS GROUP
NSAR-B, 2000-03-01
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<PAGE>      PAGE  1
000 B000000 12/31/1999
000 C000000 0000902844
000 D000000 N
000 E000000 F
000 F000000 Y
000 G000000 N
000 H000000 N
000 I000000 6.1
000 J000000 A
001 A000000 THE DIVERSIFIED INVESTORS FUND GROUP
001 B000000 811-7674
001 C000000 9146973827
002 A000000 4 MANHATTANVILLE RD.
002 B000000 PURCHASE
002 C000000 NY
002 D010000 10577
003  000000 N
004  000000 N
005  000000 N
006  000000 N
007 A000000 Y
007 B000000 16
007 C010100  1
007 C020100 MONEY MARKET FUND
007 C030100 N
007 C010200  2
007 C020200 HIGH QUALITY BOND FUND
007 C030200 N
007 C010300  3
007 C020300 INTERMEDIATE GOVERNMENT BOND FUND
007 C030300 N
007 C010400  4
007 C020400 GOVERNMENT CORPORATE BOND FUND
007 C030400 N
007 C010500  5
007 C020500 BALANCED FUND
007 C030500 N
007 C010600  6
007 C020600 EQUITY INCOME FUND
007 C030600 N
007 C010700  7
007 C020700 EQUITY VALUE FUND
007 C030700 N
007 C010800  8
007 C020800 GROWTH & INCOME FUND
007 C030800 N
007 C010900  9
007 C020900 EQUITY GROWTH FUND
007 C030900 N
007 C011000 10
007 C021000 SPECIAL EQUITY FUND
<PAGE>      PAGE  2
007 C031000 N
007 C011100 11
007 C021100 AGGRESSIVE EQUITY FUND
007 C031100 N
007 C011200 12
007 C021200 HIGH YIELD BOND FUND
007 C031200 N
007 C011300 13
007 C021300 INTERNATIONAL EQUITY FUND
007 C031300 N
007 C011400 14
007 C021400 STEPHENS INTERMEDIATE BOND FUND
007 C031400 N
007 C011500 15
007 C021500 STEPHENS SELECT EQUITY FUND
007 C031500 N
007 C011600 16
007 C021600 STOCK INDEX FUND
007 C031600 N
007 C011700 17
007 C011800 18
007 C011900 19
007 C012000 20
007 C012100 21
007 C012200 22
007 C012300 23
007 C012400 24
007 C012500 25
007 C012600 26
007 C012700 27
007 C012800 28
007 C012900 29
007 C013000 30
010 A00AA01 DIVERSIFIED INVESTMENT ADVISORS, INC
010 B00AA01 801-42910
010 C01AA01 PURCHASE
010 C02AA01 NY
010 C03AA01 10577
011 A00AA01 DIVERSIFIED INVESTORS SECURITIES CORP.
011 B00AA01 8-45671
011 C01AA01 PURCHASE
011 C02AA01 NY
011 C03AA01 10577
013 A00AA01 PRICEWATERHOUSECOOPERS, L.L.P.
013 B01AA01 NEW YORK
013 B02AA01 NY
013 B03AA01 10019
014 A00AA01 DIVERSIFIED INVESTORS SECURITIES CORP.
014 B00AA01 8-45671
015 A00AA01 INVESTOR'S BANK & TRUST
015 B00AA01 C
<PAGE>      PAGE  3
015 C01AA01 BOSTON
015 C02AA01 MA
015 C03AA01 02116
015 E01AA01 X
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022 A000002 BARCLAYS GLOBAL FUND ADVISORS
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<PAGE>      PAGE  4
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<PAGE>      PAGE  5
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<PAGE>      PAGE  6
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<PAGE>      PAGE  7
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<PAGE>      PAGE  8
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<PAGE>      PAGE  9
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008 A000201 DIVERSIFIED INVESTMENT ADVISORS, INC.
008 B000201 A
008 C000201 801-42910
008 D010201 PURCHASE
008 D020201 NY
008 D030201 10577
012 A000201 DIVERSIFIED INVESTMENT ADVISORS, INC.
012 B000201 84-5484
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012 C030201 10577
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<PAGE>      PAGE  10
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<PAGE>      PAGE  11
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<PAGE>      PAGE  12
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<PAGE>      PAGE  13
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008 A000301 DIVERSIFIED INVESTMENT ADVISORS, INC.
008 B000301 A
008 C000301 801-42910
008 D010301 PURCHASE
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012 A000301 DIVERSIFIED INVESTMENT ADVISORS, INC.
012 B000301 84-5484
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<PAGE>      PAGE  14
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<PAGE>      PAGE  15
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<PAGE>      PAGE  17
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<PAGE>      PAGE  18
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070 C020900 N
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070 D020900 N
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070 E020900 N
070 F010900 N
070 F020900 N
070 G010900 N
070 G020900 N
070 H010900 N
070 H020900 N
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070 I020900 N
070 J010900 N
070 J020900 N
070 K010900 Y
070 K020900 Y
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070 L020900 N
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070 M020900 N
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070 N020900 N
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070 O020900 N
070 P010900 N
070 P020900 N
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070 Q020900 N
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070 R020900 N
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<PAGE>      PAGE  38
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<PAGE>      PAGE  39
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008 B001001 A
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008 D011001 PURCHASE
008 D021001 NY
008 D031001 10577
012 A001001 DIVERSIFIED INVESTMENT ADVISORS, INC.
012 B001001 84-5484
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<PAGE>      PAGE  40
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070 F021000 N
070 G011000 N
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070 H021000 N
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070 K011000 Y
070 K021000 Y
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<PAGE>      PAGE  43
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008 B001101 A
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008 D011101 PURCHASE
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<PAGE>      PAGE  44
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070 F011100 N
<PAGE>      PAGE  45
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070 G011100 N
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070 H011100 N
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070 K011100 Y
070 K021100 Y
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<PAGE>      PAGE  46
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008 A001201 DIVERSIFIED INVESTMENT ADVISORS, INC.
008 B001201 A
008 C001201 801-42910
<PAGE>      PAGE  47
008 D011201 PURCHASE
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<PAGE>      PAGE  48
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<PAGE>      PAGE  49
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070 Q021200 N
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<PAGE>      PAGE  50
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008 A001301 DIVERSIFIED INVESTMENT ADVISORS, INC.
008 B001301 A
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008 D011301 PURCHASE
008 D021301 NY
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<PAGE>      PAGE  51
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<PAGE>      PAGE  52
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070 C021300 N
070 D011300 N
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070 E021300 N
070 F011300 N
070 F021300 N
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070 G021300 N
070 H011300 N
070 H021300 N
070 I011300 N
070 I021300 N
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070 J021300 N
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070 K021300 Y
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070 R011300 N
<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
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<PAGE>      PAGE  55
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048 I021400 0.000
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049  001400 N
050  001400 N
051  001400 N
052  001400 N
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053 B001400 Y
<PAGE>      PAGE  56
053 C001400 N
054 A001400 N
054 B001400 N
054 C001400 N
054 D001400 N
054 E001400 N
054 F001400 N
054 G001400 N
054 H001400 N
054 I001400 N
054 J001400 N
054 K001400 N
054 L001400 N
054 M001400 N
054 N001400 N
054 O001400 N
062 A001400 Y
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070 A011400 N
070 A021400 N
070 B011400 N
070 B021400 N
070 C011400 N
070 C021400 N
070 D011400 N
070 D021400 N
070 E011400 N
070 E021400 N
070 F011400 N
070 F021400 N
070 G011400 N
070 G021400 N
070 H011400 N
<PAGE>      PAGE  57
070 H021400 N
070 I011400 N
070 I021400 N
070 J011400 N
070 J021400 N
070 K011400 N
070 K021400 N
070 L011400 N
070 L021400 N
070 M011400 N
070 M021400 N
070 N011400 Y
070 N021400 N
070 O011400 N
070 O021400 N
070 P011400 N
070 P021400 N
070 Q011400 N
070 Q021400 N
070 R011400 N
070 R021400 N
071 A001400         0
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072 B001400     1241
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072 S001400        3
072 T001400       62
072 U001400        0
072 V001400        0
072 W001400        0
072 X001400      313
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072 Z001400     1039
<PAGE>      PAGE  58
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073 A011400   0.0000
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<PAGE>      PAGE  59
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045  001500 Y
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<PAGE>      PAGE  60
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048 I021500 0.000
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049  001500 N
050  001500 N
051  001500 N
052  001500 N
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054 A001500 N
054 B001500 N
054 C001500 N
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
054 N001500 N
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<PAGE>      PAGE  61
062 P001500   0.0
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070 A011500 Y
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070 H021500 N
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070 J021500 N
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070 K021500 N
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070 M021500 N
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<PAGE>      PAGE  62
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<PAGE>      PAGE  63
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<PAGE>      PAGE  64
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<PAGE>      PAGE  65
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<PAGE>      PAGE  66
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<PAGE>      PAGE  67
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SIGNATURE   ALFRED C. SYLVAIN
TITLE       VICE PRESIDENT


WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.

<TABLE> <S> <C>

<ARTICLE> 6
<CIK>
<NAME> AGGRESSIVE EQUITY FUND
<MULTIPLIER> 1

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</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.

<TABLE> <S> <C>

<ARTICLE> 6
<CIK>
<NAME> BALANCED FUND
<MULTIPLIER> 1

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</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.

<TABLE> <S> <C>

<ARTICLE> 6
<CIK>
<NAME> CORE BOND FUND
<MULTIPLIER> 1

<S>                             <C>
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<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              11.88
<EXPENSE-RATIO>                                   0.97



</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-31-1999
<PERIOD-END>                               DEC-31-1999
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<EXPENSE-RATIO>                                   1.00



</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
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<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              29.69
<EXPENSE-RATIO>                                   1.15



</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000000000
<NAME> HIGH QUALITY BOND
<MULTIPLIER> 1

<S>                             <C>
<PERIOD-TYPE>                   12-MOS
<FISCAL-YEAR-END>                          DEC-31-1999
<PERIOD-END>                               DEC-31-1999
<INVESTMENTS-AT-COST>                                0
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<ASSETS-OTHER>                                36482150
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<PAYABLE-FOR-SECURITIES>                             0
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                        48716
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<PAID-IN-CAPITAL-COMMON>                      37162263
<SHARES-COMMON-STOCK>                          3255312
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<ACCUMULATED-NII-CURRENT>                          251
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<ACCUMULATED-NET-GAINS>                       (104985)
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                      (624095)
<NET-ASSETS>                                  36433434
<DIVIDEND-INCOME>                                    0
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<OTHER-INCOME>                                 1694341
<EXPENSES-NET>                                  179530
<NET-INVESTMENT-INCOME>                        1514811
<REALIZED-GAINS-CURRENT>                       (30158)
<APPREC-INCREASE-CURRENT>                     (701343)
<NET-CHANGE-FROM-OPS>                           783310
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<NUMBER-OF-SHARES-SOLD>                        1828988
<NUMBER-OF-SHARES-REDEEMED>                   (556100)
<SHARES-REINVESTED>                             135773
<NET-CHANGE-IN-ASSETS>                        16136842
<ACCUMULATED-NII-PRIOR>                           3707
<ACCUMULATED-GAINS-PRIOR>                            0
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<OVERDIST-NET-GAINS-PRIOR>                     (39968)
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<PER-SHARE-NAV-BEGIN>                            11.39
<PER-SHARE-NII>                                   0.60
<PER-SHARE-GAIN-APPREC>                         (0.30)
<PER-SHARE-DIVIDEND>                            (0.50)
<PER-SHARE-DISTRIBUTIONS>                            0
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              11.19
<EXPENSE-RATIO>                                   1.00



</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.

<TABLE> <S> <C>

<ARTICLE> 6
<CIK>
<NAME> INTERMEDIATE GOVERNMENT BOND
<MULTIPLIER> 1

<S>                             <C>
<PERIOD-TYPE>                   12-MOS
<FISCAL-YEAR-END>                          DEC-31-1999
<PERIOD-END>                               DEC-31-1999
<INVESTMENTS-AT-COST>                                0
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<ASSETS-OTHER>                                40487162
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<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                        82965
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<SHARES-COMMON-STOCK>                          3798797
<SHARES-COMMON-PRIOR>                          2358432
<ACCUMULATED-NII-CURRENT>                          741
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                              0
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                     (1263373)
<NET-ASSETS>                                  40366826
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<OTHER-INCOME>                                 1828164
<EXPENSES-NET>                                  204047
<NET-INVESTMENT-INCOME>                        1624117
<REALIZED-GAINS-CURRENT>                         49879
<APPREC-INCREASE-CURRENT>                    (1381216)
<NET-CHANGE-FROM-OPS>                           292780
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<NUMBER-OF-SHARES-SOLD>                        2334425
<NUMBER-OF-SHARES-REDEEMED>                  (1048753)
<SHARES-REINVESTED>                             154693
<NET-CHANGE-IN-ASSETS>                        14473498
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<PER-SHARE-NAV-BEGIN>                            10.98
<PER-SHARE-NII>                                   0.53
<PER-SHARE-GAIN-APPREC>                         (0.42)
<PER-SHARE-DIVIDEND>                            (0.45)
<PER-SHARE-DISTRIBUTIONS>                       (0.01)
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              10.63
<EXPENSE-RATIO>                                   1.00



</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-31-1999
<PERIOD-END>                               DEC-31-1999
<INVESTMENTS-AT-COST>                                0
<INVESTMENTS-AT-VALUE>                               0
<RECEIVABLES>                                        0
<ASSETS-OTHER>                               371341593
<OTHER-ITEMS-ASSETS>                                 0
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<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                       352495
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<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                     271384251
<SHARES-COMMON-STOCK>                         11484326
<SHARES-COMMON-PRIOR>                          6473592
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<ACCUMULATED-NET-GAINS>                        9687548
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                      89917299
<NET-ASSETS>                                 352834964
<DIVIDEND-INCOME>                                    0
<INTEREST-INCOME>                                    0
<OTHER-INCOME>                                  274447
<EXPENSES-NET>                                 1372274
<NET-INVESTMENT-INCOME>                      (1097827)
<REALIZED-GAINS-CURRENT>                      29618171
<APPREC-INCREASE-CURRENT>                     58507258
<NET-CHANGE-FROM-OPS>                         87027602
<EQUALIZATION>                                       0
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<DISTRIBUTIONS-OF-GAINS>                      12782283
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<NUMBER-OF-SHARES-SOLD>                       10445421
<NUMBER-OF-SHARES-REDEEMED>                  (5875950)
<SHARES-REINVESTED>                             441263
<NET-CHANGE-IN-ASSETS>                       214787471
<ACCUMULATED-NII-PRIOR>                         308324
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<GROSS-EXPENSE>                                1489379
<AVERAGE-NET-ASSETS>                         230336256
<PER-SHARE-NAV-BEGIN>                            23.32
<PER-SHARE-NII>                                 (0.12)
<PER-SHARE-GAIN-APPREC>                           8.69
<PER-SHARE-DIVIDEND>                                 0
<PER-SHARE-DISTRIBUTIONS>                       (1.17)
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              30.72
<EXPENSE-RATIO>                                   1.21


</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.

<TABLE> <S> <C>

<ARTICLE> 6
<CIK>
<NAME> EQUITY GROWTH INSTITUTIONAL CLASS
<MULTIPLIER> 1

<S>                             <C>
<PERIOD-TYPE>                   12-MOS
<FISCAL-YEAR-END>                          DEC-31-1999
<PERIOD-END>                               DEC-31-1999
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<PAYABLE-FOR-SECURITIES>                             0
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                       352495
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<PAID-IN-CAPITAL-COMMON>                     271384251
<SHARES-COMMON-STOCK>                           837894
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<OVERDISTRIBUTION-NII>                               0
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<OTHER-INCOME>                                  274447
<EXPENSES-NET>                                 1372274
<NET-INVESTMENT-INCOME>                      (1097827)
<REALIZED-GAINS-CURRENT>                      29618171
<APPREC-INCREASE-CURRENT>                     58507258
<NET-CHANGE-FROM-OPS>                         87027602
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<DISTRIBUTIONS-OF-GAINS>                       1023283
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<NUMBER-OF-SHARES-SOLD>                         509289
<NUMBER-OF-SHARES-REDEEMED>                   (111617)
<SHARES-REINVESTED>                              65283
<NET-CHANGE-IN-ASSETS>                       214787471
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<PER-SHARE-NAV-BEGIN>                            13.35
<PER-SHARE-NII>                                 (0.04)
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<PER-SHARE-DISTRIBUTIONS>                       (1.39)
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              16.82
<EXPENSE-RATIO>                                   1.00


</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.

<TABLE> <S> <C>

<ARTICLE> 6
<CIK>
<NAME> EQUITY GROWTH PREMIUM CLASS
<MULTIPLIER> 1

<S>                             <C>
<PERIOD-TYPE>                   12-MOS
<FISCAL-YEAR-END>                          DEC-31-1999
<PERIOD-END>                               DEC-31-1999
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<TOTAL-ASSETS>                               371341593
<PAYABLE-FOR-SECURITIES>                             0
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                       352495
<TOTAL-LIABILITIES>                             352495
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                     271384251
<SHARES-COMMON-STOCK>                           239406
<SHARES-COMMON-PRIOR>                            17901
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<ACCUMULATED-NET-GAINS>                        9687548
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<NET-ASSETS>                                   4057198
<DIVIDEND-INCOME>                                    0
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<OTHER-INCOME>                                  274447
<EXPENSES-NET>                                 1372274
<NET-INVESTMENT-INCOME>                      (1097827)
<REALIZED-GAINS-CURRENT>                      29618171
<APPREC-INCREASE-CURRENT>                     58507258
<NET-CHANGE-FROM-OPS>                         87027602
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<DISTRIBUTIONS-OF-GAINS>                        256141
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<NUMBER-OF-SHARES-SOLD>                         224906
<NUMBER-OF-SHARES-REDEEMED>                    (19423)
<SHARES-REINVESTED>                              16022
<NET-CHANGE-IN-ASSETS>                       214787471
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<PER-SHARE-NAV-BEGIN>                            13.33
<PER-SHARE-NII>                                   0.07
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<PER-SHARE-DISTRIBUTIONS>                       (1.25)
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<PER-SHARE-NAV-END>                              16.95
<EXPENSE-RATIO>                                   1.19


</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-31-1999
<PERIOD-END>                               DEC-31-1999
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<ASSETS-OTHER>                               110027419
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<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                       343091
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<PAID-IN-CAPITAL-COMMON>                     123341033
<SHARES-COMMON-STOCK>                          7899138
<SHARES-COMMON-PRIOR>                          4367595
<ACCUMULATED-NII-CURRENT>                       389546
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<ACCUM-APPREC-OR-DEPREC>                    (10614745)
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<EXPENSES-NET>                                  468970
<NET-INVESTMENT-INCOME>                        1118965
<REALIZED-GAINS-CURRENT>                       3340568
<APPREC-INCREASE-CURRENT>                    (8950631)
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<NUMBER-OF-SHARES-SOLD>                        7733949
<NUMBER-OF-SHARES-REDEEMED>                  (4696502)
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<PER-SHARE-NAV-END>                              11.16
<EXPENSE-RATIO>                                   1.10


</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.

<TABLE> <S> <C>

<ARTICLE> 6
<CIK>
<NAME> EQUITY VALUE INSTITUTIONAL CLASS
<MULTIPLIER> 1

<S>                             <C>
<PERIOD-TYPE>                   12-MOS
<FISCAL-YEAR-END>                          DEC-31-1999
<PERIOD-END>                               DEC-31-1999
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<PAYABLE-FOR-SECURITIES>                             0
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<ACCUM-APPREC-OR-DEPREC>                    (10614745)
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<OTHER-INCOME>                                 1587935
<EXPENSES-NET>                                  468970
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<REALIZED-GAINS-CURRENT>                       3340568
<APPREC-INCREASE-CURRENT>                    (8950631)
<NET-CHANGE-FROM-OPS>                        (4491098)
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<DISTRIBUTIONS-OF-GAINS>                        571220
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<NUMBER-OF-SHARES-SOLD>                         835336
<NUMBER-OF-SHARES-REDEEMED>                   (481132)
<SHARES-REINVESTED>                             170698
<NET-CHANGE-IN-ASSETS>                        39774514
<ACCUMULATED-NII-PRIOR>                              0
<ACCUMULATED-GAINS-PRIOR>                            0
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<GROSS-EXPENSE>                                 676730
<AVERAGE-NET-ASSETS>                          14950373
<PER-SHARE-NAV-BEGIN>                            10.16
<PER-SHARE-NII>                                   0.13
<PER-SHARE-GAIN-APPREC>                         (0.46)
<PER-SHARE-DIVIDEND>                            (0.23)
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<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                               8.89
<EXPENSE-RATIO>                                   1.10


</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.

<TABLE> <S> <C>

<ARTICLE> 6
<CIK>
<NAME> EQUITY VALUE PREMIUM CLASS
<MULTIPLIER> 1

<S>                             <C>
<PERIOD-TYPE>                   12-MOS
<FISCAL-YEAR-END>                          DEC-31-1999
<PERIOD-END>                               DEC-31-1999
<INVESTMENTS-AT-COST>                                0
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<ASSETS-OTHER>                               110027419
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<SENIOR-LONG-TERM-DEBT>                              0
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<TOTAL-LIABILITIES>                             343091
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<SHARES-COMMON-STOCK>                           617457
<SHARES-COMMON-PRIOR>                           279051
<ACCUMULATED-NII-CURRENT>                       389546
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<OVERDISTRIBUTION-GAINS>                       3431506
<ACCUM-APPREC-OR-DEPREC>                    (10614745)
<NET-ASSETS>                                   5427056
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<OTHER-INCOME>                                 1587935
<EXPENSES-NET>                                  468970
<NET-INVESTMENT-INCOME>                        1118965
<REALIZED-GAINS-CURRENT>                       3340568
<APPREC-INCREASE-CURRENT>                    (8950631)
<NET-CHANGE-FROM-OPS>                        (4491098)
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<DISTRIBUTIONS-OF-INCOME>                        39592
<DISTRIBUTIONS-OF-GAINS>                        197262
<DISTRIBUTIONS-OTHER>                           205316
<NUMBER-OF-SHARES-SOLD>                         351334
<NUMBER-OF-SHARES-REDEEMED>                    (65009)
<SHARES-REINVESTED>                              52081
<NET-CHANGE-IN-ASSETS>                        39774514
<ACCUMULATED-NII-PRIOR>                          16214
<ACCUMULATED-GAINS-PRIOR>                            0
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<GROSS-EXPENSE>                                 676730
<AVERAGE-NET-ASSETS>                           3881482
<PER-SHARE-NAV-BEGIN>                             9.93
<PER-SHARE-NII>                                   0.11
<PER-SHARE-GAIN-APPREC>                         (0.46)
<PER-SHARE-DIVIDEND>                            (0.08)
<PER-SHARE-DISTRIBUTIONS>                       (0.71)
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                               8.79
<EXPENSE-RATIO>                                   1.35


</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-31-1999
<PERIOD-END>                               DEC-31-1999
<INVESTMENTS-AT-COST>                                0
<INVESTMENTS-AT-VALUE>                               0
<RECEIVABLES>                                        0
<ASSETS-OTHER>                                41988650
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                                41988650
<PAYABLE-FOR-SECURITIES>                             0
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                        85774
<TOTAL-LIABILITIES>                              85774
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                      41839310
<SHARES-COMMON-STOCK>                          3688535
<SHARES-COMMON-PRIOR>                          1991471
<ACCUMULATED-NII-CURRENT>                        18855
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                              0
<OVERDISTRIBUTION-GAINS>                     (1935000)
<ACCUM-APPREC-OR-DEPREC>                     (1884402)
<NET-ASSETS>                                  38290334
<DIVIDEND-INCOME>                                    0
<INTEREST-INCOME>                                    0
<OTHER-INCOME>                                 2952183
<EXPENSES-NET>                                  173747
<NET-INVESTMENT-INCOME>                        2778436
<REALIZED-GAINS-CURRENT>                     (1971625)
<APPREC-INCREASE-CURRENT>                     (780498)
<NET-CHANGE-FROM-OPS>                            26313
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                      3709298
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                            31588
<NUMBER-OF-SHARES-SOLD>                        5100727
<NUMBER-OF-SHARES-REDEEMED>                  (3755739)
<SHARES-REINVESTED>                             352076
<NET-CHANGE-IN-ASSETS>                        16447262
<ACCUMULATED-NII-PRIOR>                        1344743
<ACCUMULATED-GAINS-PRIOR>                            0
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                    (170035)
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<INTEREST-EXPENSE>                                   0
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<PER-SHARE-NAV-BEGIN>                            11.55
<PER-SHARE-NII>                                   0.90
<PER-SHARE-GAIN-APPREC>                         (0.89)
<PER-SHARE-DIVIDEND>                            (1.17)
<PER-SHARE-DISTRIBUTIONS>                       (0.01)
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              10.38
<EXPENSE-RATIO>                                   1.10



</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.

<TABLE> <S> <C>

<ARTICLE> 6
<CIK>
<NAME> HIGH YIELD INSTITUTIONAL CLASS
<MULTIPLIER> 1

<S>                             <C>
<PERIOD-TYPE>                   12-MOS
<FISCAL-YEAR-END>                          DEC-31-1999
<PERIOD-END>                               DEC-31-1999
<INVESTMENTS-AT-COST>                                0
<INVESTMENTS-AT-VALUE>                               0
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<ASSETS-OTHER>                                41988650
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<PAYABLE-FOR-SECURITIES>                             0
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                        85774
<TOTAL-LIABILITIES>                              85774
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                      45703423
<SHARES-COMMON-STOCK>                          3314902
<SHARES-COMMON-PRIOR>                           211378
<ACCUMULATED-NII-CURRENT>                        18855
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                              0
<OVERDISTRIBUTION-GAINS>                       1935000
<ACCUM-APPREC-OR-DEPREC>                     (1884402)
<NET-ASSETS>                                   3314902
<DIVIDEND-INCOME>                                    0
<INTEREST-INCOME>                                    0
<OTHER-INCOME>                                 2952183
<EXPENSES-NET>                                  173747
<NET-INVESTMENT-INCOME>                        2778436
<REALIZED-GAINS-CURRENT>                     (1971625)
<APPREC-INCREASE-CURRENT>                     (780498)
<NET-CHANGE-FROM-OPS>                            26313
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                       363053
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                             3091
<NUMBER-OF-SHARES-SOLD>                         190231
<NUMBER-OF-SHARES-REDEEMED>                    (73018)
<SHARES-REINVESTED>                              39555
<NET-CHANGE-IN-ASSETS>                        16447262
<ACCUMULATED-NII-PRIOR>                              0
<ACCUMULATED-GAINS-PRIOR>                            0
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<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                 299368
<AVERAGE-NET-ASSETS>                           8995359
<PER-SHARE-NAV-BEGIN>                            10.15
<PER-SHARE-NII>                                   0.83
<PER-SHARE-GAIN-APPREC>                         (0.82)
<PER-SHARE-DIVIDEND>                            (1.16)
<PER-SHARE-DISTRIBUTIONS>                            0
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                               9.00
<EXPENSE-RATIO>                                   1.10



</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.

<TABLE> <S> <C>

<ARTICLE> 6
<CIK>
<NAME> HIGH YIELD PREMIUM CLASS
<MULTIPLIER> 1

<S>                             <C>
<PERIOD-TYPE>                   12-MOS
<FISCAL-YEAR-END>                          DEC-31-1999
<PERIOD-END>                               DEC-31-1999
<INVESTMENTS-AT-COST>                                0
<INVESTMENTS-AT-VALUE>                               0
<RECEIVABLES>                                        0
<ASSETS-OTHER>                                41988650
<OTHER-ITEMS-ASSETS>                                 0
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<PAYABLE-FOR-SECURITIES>                             0
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                        85774
<TOTAL-LIABILITIES>                              85774
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                      45703423
<SHARES-COMMON-STOCK>                            32995
<SHARES-COMMON-PRIOR>                            31124
<ACCUMULATED-NII-CURRENT>                        18855
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                              0
<OVERDISTRIBUTION-GAINS>                     (1935000)
<ACCUM-APPREC-OR-DEPREC>                     (1884402)
<NET-ASSETS>                                    297640
<DIVIDEND-INCOME>                                    0
<INTEREST-INCOME>                                    0
<OTHER-INCOME>                                 2952183
<EXPENSES-NET>                                  173747
<NET-INVESTMENT-INCOME>                        2778436
<REALIZED-GAINS-CURRENT>                     (1971625)
<APPREC-INCREASE-CURRENT>                     (780498)
<NET-CHANGE-FROM-OPS>                            26313
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                        50828
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                              433
<NUMBER-OF-SHARES-SOLD>                          43373
<NUMBER-OF-SHARES-REDEEMED>                    (46939)
<SHARES-REINVESTED>                               5437
<NET-CHANGE-IN-ASSETS>                        16447262
<ACCUMULATED-NII-PRIOR>                              0
<ACCUMULATED-GAINS-PRIOR>                            0
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<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                 299368
<AVERAGE-NET-ASSETS>                            530009
<PER-SHARE-NAV-BEGIN>                            10.13
<PER-SHARE-NII>                                   0.79
<PER-SHARE-GAIN-APPREC>                         (0.79)
<PER-SHARE-DIVIDEND>                            (1.11)
<PER-SHARE-DISTRIBUTIONS>                            0
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                               9.02
<EXPENSE-RATIO>                                   1.30



</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-31-1999
<PERIOD-END>                               DEC-31-1999
<INVESTMENTS-AT-COST>                                0
<INVESTMENTS-AT-VALUE>                               0
<RECEIVABLES>                                        0
<ASSETS-OTHER>                               191706833
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                               191706833
<PAYABLE-FOR-SECURITIES>                             0
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                       273037
<TOTAL-LIABILITIES>                             273037
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                     130215679
<SHARES-COMMON-STOCK>                          8494114
<SHARES-COMMON-PRIOR>                          4928319
<ACCUMULATED-NII-CURRENT>                       167355
<OVERDISTRIBUTION-NII>                          151541
<ACCUMULATED-NET-GAINS>                         983250
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                      60386138
<NET-ASSETS>                                 175208902
<DIVIDEND-INCOME>                                    0
<INTEREST-INCOME>                                    0
<OTHER-INCOME>                                  805103
<EXPENSES-NET>                                  611369
<NET-INVESTMENT-INCOME>                         193734
<REALIZED-GAINS-CURRENT>                       6774712
<APPREC-INCREASE-CURRENT>                     59231536
<NET-CHANGE-FROM-OPS>                         66199982
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                            0
<DISTRIBUTIONS-OF-GAINS>                       2709745
<DISTRIBUTIONS-OTHER>                           626446
<NUMBER-OF-SHARES-SOLD>                       25762223
<NUMBER-OF-SHARES-REDEEMED>                 (22369827)
<SHARES-REINVESTED>                             173399
<NET-CHANGE-IN-ASSETS>                       120237271
<ACCUMULATED-NII-PRIOR>                              0
<ACCUMULATED-GAINS-PRIOR>                       788480
<OVERDISTRIB-NII-PRIOR>                       (396012)
<OVERDIST-NET-GAINS-PRIOR>                           0
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<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                7778907
<AVERAGE-NET-ASSETS>                         104726557
<PER-SHARE-NAV-BEGIN>                            12.87
<PER-SHARE-NII>                                   0.03
<PER-SHARE-GAIN-APPREC>                           8.14
<PER-SHARE-DIVIDEND>                            (0.08)
<PER-SHARE-DISTRIBUTIONS>                       (0.33)
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              20.63
<EXPENSE-RATIO>                                   1.40



</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.

<TABLE> <S> <C>

<ARTICLE> 6
<CIK>
<NAME> INTERNATIONAL EQUITY INSTITUTIONAL CLASS
<MULTIPLIER> 1

<S>                             <C>
<PERIOD-TYPE>                   12-MOS
<FISCAL-YEAR-END>                          DEC-31-1999
<PERIOD-END>                               DEC-31-1999
<INVESTMENTS-AT-COST>                                0
<INVESTMENTS-AT-VALUE>                               0
<RECEIVABLES>                                        0
<ASSETS-OTHER>                               191706833
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                               191706833
<PAYABLE-FOR-SECURITIES>                             0
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                       273037
<TOTAL-LIABILITIES>                             273037
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                     130215679
<SHARES-COMMON-STOCK>                           725908
<SHARES-COMMON-PRIOR>                           591586
<ACCUMULATED-NII-CURRENT>                            0
<OVERDISTRIBUTION-NII>                          151541
<ACCUMULATED-NET-GAINS>                         983250
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                      60386138
<NET-ASSETS>                                  12657502
<DIVIDEND-INCOME>                                    0
<INTEREST-INCOME>                                    0
<OTHER-INCOME>                                  805103
<EXPENSES-NET>                                  611369
<NET-INVESTMENT-INCOME>                         193734
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<APPREC-INCREASE-CURRENT>                     59231536
<NET-CHANGE-FROM-OPS>                         66199982
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<DISTRIBUTIONS-OF-GAINS>                        235480
<DISTRIBUTIONS-OTHER>                            23070
<NUMBER-OF-SHARES-SOLD>                         362110
<NUMBER-OF-SHARES-REDEEMED>                   (243807)
<SHARES-REINVESTED>                              16019
<NET-CHANGE-IN-ASSETS>                       120237271
<ACCUMULATED-NII-PRIOR>                              0
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<GROSS-EXPENSE>                                 185600
<AVERAGE-NET-ASSETS>                           8995359
<PER-SHARE-NAV-BEGIN>                            10.80
<PER-SHARE-NII>                                   0.04
<PER-SHARE-GAIN-APPREC>                           6.84
<PER-SHARE-DIVIDEND>                            (0.03)
<PER-SHARE-DISTRIBUTIONS>                       (0.34)
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              17.31
<EXPENSE-RATIO>                                   1.25



</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.

<TABLE> <S> <C>

<ARTICLE> 6
<CIK>
<NAME> INTERNATIONAL EQUITY PREMIUM CLASS
<MULTIPLIER> 1

<S>                             <C>
<PERIOD-TYPE>                   12-MOS
<FISCAL-YEAR-END>                          DEC-31-1999
<PERIOD-END>                               DEC-31-1999
<INVESTMENTS-AT-COST>                                0
<INVESTMENTS-AT-VALUE>                               0
<RECEIVABLES>                                        0
<ASSETS-OTHER>                               191706833
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<PAYABLE-FOR-SECURITIES>                             0
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                       273037
<TOTAL-LIABILITIES>                             273037
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                     130215679
<SHARES-COMMON-STOCK>                           212412
<SHARES-COMMON-PRIOR>                           130709
<ACCUMULATED-NII-CURRENT>                            0
<OVERDISTRIBUTION-NII>                          151541
<ACCUMULATED-NET-GAINS>                         983250
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                      60386138
<NET-ASSETS>                                   3657392
<DIVIDEND-INCOME>                                    0
<INTEREST-INCOME>                                    0
<OTHER-INCOME>                                  805103
<EXPENSES-NET>                                  611369
<NET-INVESTMENT-INCOME>                         193734
<REALIZED-GAINS-CURRENT>                       6774712
<APPREC-INCREASE-CURRENT>                     59231536
<NET-CHANGE-FROM-OPS>                         66199982
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<DISTRIBUTIONS-OF-GAINS>                         67682
<DISTRIBUTIONS-OTHER>                             5680
<NUMBER-OF-SHARES-SOLD>                         133740
<NUMBER-OF-SHARES-REDEEMED>                    (56605)
<SHARES-REINVESTED>                               4568
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<ACCUMULATED-NII-PRIOR>                              0
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<AVERAGE-NET-ASSETS>                           2006450
<PER-SHARE-NAV-BEGIN>                            10.76
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<PER-SHARE-GAIN-APPREC>                           6.82
<PER-SHARE-DIVIDEND>                            (0.03)
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<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              17.22
<EXPENSE-RATIO>                                   1.45



</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-31-1999
<PERIOD-END>                               DEC-31-1999
<INVESTMENTS-AT-COST>                                0
<INVESTMENTS-AT-VALUE>                               0
<RECEIVABLES>                                        0
<ASSETS-OTHER>                               121243004
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<TOTAL-ASSETS>                               121243004
<PAYABLE-FOR-SECURITIES>                             0
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                     17061507
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<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                     104186769
<SHARES-COMMON-STOCK>                          9403805
<SHARES-COMMON-PRIOR>                          6126606
<ACCUMULATED-NII-CURRENT>                        17651
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                              0
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</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.

<TABLE> <S> <C>

<ARTICLE> 6
<CIK>
<NAME> MONEY MARKET INSTITUTIONAL CLASS
<MULTIPLIER> 1

<S>                             <C>
<PERIOD-TYPE>                   12-MOS
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</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.

<TABLE> <S> <C>

<ARTICLE> 6
<CIK>
<NAME> MONEY MARKET PREMIUM CLASS
<MULTIPLIER> 1

<S>                             <C>
<PERIOD-TYPE>                   12-MOS
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</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.

<TABLE> <S> <C>

<ARTICLE> 6
<CIK>
<NAME> SPECIAL EQUITY DIVERSIFIED CLASS
<MULTIPLIER> 1

<S>                             <C>
<PERIOD-TYPE>                   12-MOS
<FISCAL-YEAR-END>                          DEC-31-1999
<PERIOD-END>                               DEC-31-1999
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<SHARES-COMMON-STOCK>                          9167160
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<NET-ASSETS>                                 224430627
<DIVIDEND-INCOME>                                    0
<INTEREST-INCOME>                                    0
<OTHER-INCOME>                                  216937
<EXPENSES-NET>                                  978905
<NET-INVESTMENT-INCOME>                       (761968)
<REALIZED-GAINS-CURRENT>                      29976744
<APPREC-INCREASE-CURRENT>                     17057980
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<DISTRIBUTIONS-OF-GAINS>                      13708047
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<NUMBER-OF-SHARES-SOLD>                       10159000
<NUMBER-OF-SHARES-REDEEMED>                  (7600022)
<SHARES-REINVESTED>                             607626
<NET-CHANGE-IN-ASSETS>                       105407606
<ACCUMULATED-NII-PRIOR>                              0
<ACCUMULATED-GAINS-PRIOR>                            0
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<GROSS-EXPENSE>                                1096283
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<PER-SHARE-NAV-BEGIN>                            20.98
<PER-SHARE-NII>                                 (0.10)
<PER-SHARE-GAIN-APPREC>                           5.26
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<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              24.48
<EXPENSE-RATIO>                                   1.43


</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.

<TABLE> <S> <C>

<ARTICLE> 6
<CIK>
<NAME> SPECIAL EQUITY INSTITUTIONAL CLASS
<MULTIPLIER> 1

<S>                             <C>
<PERIOD-TYPE>                   12-MOS
<FISCAL-YEAR-END>                          DEC-31-1999
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<NET-INVESTMENT-INCOME>                       (761968)
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<NUMBER-OF-SHARES-REDEEMED>                   (289552)
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<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              11.17
<EXPENSE-RATIO>                                   1.20


</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.

<TABLE> <S> <C>

<ARTICLE> 6
<CIK>
<NAME> SPECIAL EQUITY PREMIUM CLASS
<MULTIPLIER> 1

<S>                             <C>
<PERIOD-TYPE>                   12-MOS
<FISCAL-YEAR-END>                          DEC-31-1999
<PERIOD-END>                               DEC-31-1999
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<NET-INVESTMENT-INCOME>                       (761968)
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<NUMBER-OF-SHARES-REDEEMED>                    (89224)
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<ACCUMULATED-NII-PRIOR>                         (4550)
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<PER-SHARE-NAV-END>                              10.82
<EXPENSE-RATIO>                                   1.40


</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.

<TABLE> <S> <C>

<ARTICLE> 6
<CIK>
<NAME> STEPHENS SELECT EQUITY INSTITUTIONAL CLASS
<MULTIPLIER> 1

<S>                             <C>
<PERIOD-TYPE>                   12-MOS
<FISCAL-YEAR-END>                          DEC-31-1999
<PERIOD-END>                               DEC-31-1999
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<PER-SHARE-NAV-END>                               9.97
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</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.

<TABLE> <S> <C>

<ARTICLE> 6
<CIK>
<NAME> STEPHENS SELECT EQUITY PREMIUM CLASS
<MULTIPLIER> 1

<S>                             <C>
<PERIOD-TYPE>                   12-MOS
<FISCAL-YEAR-END>                          DEC-31-1999
<PERIOD-END>                               DEC-31-1999
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<NET-INVESTMENT-INCOME>                           (10)
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</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.

<TABLE> <S> <C>

<ARTICLE> 6
<CIK>
<NAME> STEPHENS INTERMEDIATE BOND FUND INSTITUTIONAL CLASS
<MULTIPLIER> 1

<S>                             <C>
<PERIOD-TYPE>                   12-MOS
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<ACCUM-APPREC-OR-DEPREC>                      (335501)
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<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                 312529
<AVERAGE-NET-ASSETS>                          20299981
<PER-SHARE-NAV-BEGIN>                            10.27
<PER-SHARE-NII>                                   0.44
<PER-SHARE-GAIN-APPREC>                         (0.29)
<PER-SHARE-DIVIDEND>                            (0.42)
<PER-SHARE-DISTRIBUTIONS>                            0
<RETURNS-OF-CAPITAL>                            (0.01)
<PER-SHARE-NAV-END>                               9.99
<EXPENSE-RATIO>                                   0.80


</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.

<TABLE> <S> <C>

<ARTICLE> 6
<CIK>
<NAME> STEPHENS INTERMEDIATE BOND FUND PREMIUM CLASS
<MULTIPLIER> 1

<S>                             <C>
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<SHARES-COMMON-PRIOR>                           409473
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<OVERDISTRIBUTION-GAINS>                         65832
<ACCUM-APPREC-OR-DEPREC>                      (335501)
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<DIVIDEND-INCOME>                                    0
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<OTHER-INCOME>                                       0
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<NET-INVESTMENT-INCOME>                        1039283
<REALIZED-GAINS-CURRENT>                       (65832)
<APPREC-INCREASE-CURRENT>                     (597651)
<NET-CHANGE-FROM-OPS>                           375800
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                       140835
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                             4078
<NUMBER-OF-SHARES-SOLD>                         142805
<NUMBER-OF-SHARES-REDEEMED>                   (202743)
<SHARES-REINVESTED>                              14653
<NET-CHANGE-IN-ASSETS>                         3926232
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<GROSS-EXPENSE>                                  86022
<AVERAGE-NET-ASSETS>                           4293615
<PER-SHARE-NAV-BEGIN>                            10.15
<PER-SHARE-NII>                                   0.43
<PER-SHARE-GAIN-APPREC>                         (0.29)
<PER-SHARE-DIVIDEND>                            (0.40)
<PER-SHARE-DISTRIBUTIONS>                            0
<RETURNS-OF-CAPITAL>                            (0.01)
<PER-SHARE-NAV-END>                               9.88
<EXPENSE-RATIO>                                   0.86



</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.

<TABLE> <S> <C>

<ARTICLE> 6
<CIK>
<NAME> STOCK INDEX
<MULTIPLIER> 1

<S>                             <C>
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<PERIOD-END>                               DEC-31-1999
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<INVESTMENTS-AT-VALUE>                               0
<RECEIVABLES>                                        0
<ASSETS-OTHER>                                25806487
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                                25806487
<PAYABLE-FOR-SECURITIES>                             0
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                        31590
<TOTAL-LIABILITIES>                              31590
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                      24138981
<SHARES-COMMON-STOCK>                          2244169
<SHARES-COMMON-PRIOR>                                0
<ACCUMULATED-NII-CURRENT>                         5311
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                          35238
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                       1595367
<NET-ASSETS>                                  25774897
<DIVIDEND-INCOME>                                    0
<INTEREST-INCOME>                                    0
<OTHER-INCOME>                                  176471
<EXPENSES-NET>                                   74477
<NET-INVESTMENT-INCOME>                         101994
<REALIZED-GAINS-CURRENT>                        590368
<APPREC-INCREASE-CURRENT>                      1595367
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<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                        2413720
<NUMBER-OF-SHARES-REDEEMED>                   (178269)
<SHARES-REINVESTED>                               8718
<NET-CHANGE-IN-ASSETS>                        25774897
<ACCUMULATED-NII-PRIOR>                              0
<ACCUMULATED-GAINS-PRIOR>                            0
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<AVERAGE-NET-ASSETS>                          15456221
<PER-SHARE-NAV-BEGIN>                            10.00
<PER-SHARE-NII>                                   0.07
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<PER-SHARE-DIVIDEND>                            (0.07)
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<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              11.49
<EXPENSE-RATIO>                                   0.65


</TABLE>

To the Board of Trustees and Shareholders of the Diversified Investors
Funds Group:

In planning and performing our audits of the financial statements
and financial highlights of the Diversified Investors Funds Group
(the "Funds") for the year ended December 31, 1999, we considered their
internal control, including control activities for safeguarding
securities, in order to determine our auditing procedures for the
purposes of expressing our opinion on the financial statements and fin-
ancial highlights and to comply with the requirements of Form N-SAR,
not to provide assurance on internal control.

The management of the Funds is responsible for establishing and maintaining
internal control.  In fulfilling this responsibility, estimates and
judgements by management are required to assess the expected benefits
and related costs of controls.  Generally, controls that are relevant
to an audit pertain to the entity's objective of preparing financial
statements for external purposes that are fairly presented in conformity
with generally accepted accounting principles.  Those controls include
the safeguarding of assets against unauthorized acquisition, use or
disposition.

Because of inherent limitations in internal control, error or fraud may
occur and may not be detected.  Also, projections of any evaluation of
internal control to future periods is subject to the risk that it may
become inadequate because of changes in conditions or that the
effectiveness of the design and operation may deteriorate.

Our consideration of internal control would not necessarily disclose
all matters in internal control that might be material weaknesses
under standards established by the American Institute of Certified
Public Accountants.  A material weakness is a condition in which
the design or operation of one or more of the internal control
components does not reduce to a relatively low level the risk
that misstatements caused by error or fraud in amounts that would
be material in relation to the financial statements and financial
highlights being audited may occur and not be detected within a timely
period by employees in the normal course of performing their assigned
functions.  However, we noted no matters involving internal control
and its operation, including controls for safeguarding securities,
that we consider to be material weaknesses as defined above as of
December 31, 1999.

This report is intended solely for the information and use of
management, the Board of Trustees and the Securities and Exchange
Commission.


New York, New York
February 25, 2000

/s/PricewaterhouseCoopers LLP






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