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070 A020600 N
070 B010600 Y
070 B020600 N
070 C010600 Y
070 C020600 N
<PAGE> PAGE 21
070 D010600 Y
070 D020600 N
070 E010600 Y
070 E020600 N
070 F010600 Y
070 F020600 N
070 G010600 Y
070 G020600 N
070 H010600 Y
070 H020600 N
070 I010600 Y
070 I020600 N
070 J010600 Y
070 J020600 N
070 K010600 Y
070 K020600 N
070 L010600 Y
070 L020600 N
070 M010600 Y
070 M020600 N
070 N010600 Y
070 N020600 N
070 O010600 Y
070 O020600 N
070 P010600 N
070 P020600 N
070 Q010600 N
070 Q020600 N
070 R010600 Y
070 R020600 N
071 A000600 11362
071 B000600 11046
071 C000600 2647
071 D000600 417
072 A000600 12
072 B000600 182
072 C000600 0
072 D000600 0
072 E000600 0
072 F000600 18
072 G000600 0
072 H000600 0
072 I000600 2
072 J000600 4
072 K000600 0
072 L000600 0
072 M000600 0
072 N000600 0
072 O000600 0
072 P000600 0
072 Q000600 0
<PAGE> PAGE 22
072 R000600 8
072 S000600 0
072 T000600 0
072 U000600 0
072 V000600 0
072 W000600 5
072 X000600 37
072 Y000600 19
072 Z000600 164
072AA000600 36
072BB000600 0
072CC010600 54
072CC020600 0
072DD010600 162
072DD020600 0
072EE000600 0
073 A010600 0.6000
073 A020600 0.0000
073 B000600 0.0000
073 C000600 0.0000
074 A000600 30
074 B000600 0
074 C000600 0
074 D000600 3231
074 E000600 0
074 F000600 0
074 G000600 0
074 H000600 0
074 I000600 0
074 J000600 147
074 K000600 0
074 L000600 63
074 M000600 0
074 N000600 3471
074 O000600 101
074 P000600 2
074 Q000600 0
074 R010600 0
074 R020600 0
074 R030600 0
074 R040600 181
074 S000600 0
074 T000600 3187
074 U010600 318
074 U020600 0
074 V010600 10.03
074 V020600 0.00
074 W000600 0.0000
074 X000600 4
074 Y000600 0
075 A000600 0
<PAGE> PAGE 23
075 B000600 2727
076 000600 0.00
028 A010700 1538
028 A020700 0
028 A030700 0
028 A040700 1434
028 B010700 307
028 B020700 0
028 B030700 0
028 B040700 539
028 C010700 682
028 C020700 0
028 C030700 0
028 C040700 653
028 D010700 29
028 D020700 0
028 D030700 0
028 D040700 577
028 E010700 101
028 E020700 0
028 E030700 0
028 E040700 266
028 F010700 383
028 F020700 3
028 F030700 0
028 F040700 299
028 G010700 3040
028 G020700 3
028 G030700 0
028 G040700 3768
028 H000700 0
062 A000700 N
062 B000700 0.0
062 C000700 0.0
062 D000700 0.0
062 E000700 0.0
062 F000700 0.0
062 G000700 0.0
062 H000700 0.0
062 I000700 0.0
062 J000700 0.0
062 K000700 0.0
062 L000700 0.0
062 M000700 0.0
062 N000700 0.0
062 O000700 0.0
062 P000700 0.0
062 Q000700 0.0
062 R000700 0.0
070 A010700 Y
070 A020700 Y
<PAGE> PAGE 24
070 B010700 Y
070 B020700 N
070 C010700 Y
070 C020700 N
070 D010700 Y
070 D020700 N
070 E010700 Y
070 E020700 N
070 F010700 Y
070 F020700 N
070 G010700 Y
070 G020700 N
070 H010700 Y
070 H020700 N
070 I010700 Y
070 I020700 N
070 J010700 Y
070 J020700 Y
070 K010700 Y
070 K020700 Y
070 L010700 Y
070 L020700 Y
070 M010700 Y
070 M020700 Y
070 N010700 Y
070 N020700 N
070 O010700 Y
070 O020700 N
070 P010700 N
070 P020700 N
070 Q010700 N
070 Q020700 N
070 R010700 Y
070 R020700 N
071 A000700 3144
071 B000700 3166
071 C000700 1487
071 D000700 211
072 A000700 12
072 B000700 10
072 C000700 21
072 D000700 0
072 E000700 0
072 F000700 15
072 G000700 0
072 H000700 0
072 I000700 2
072 J000700 32
072 K000700 0
072 L000700 0
072 M000700 0
<PAGE> PAGE 25
072 N000700 0
072 O000700 0
072 P000700 0
072 Q000700 0
072 R000700 7
072 S000700 0
072 T000700 0
072 U000700 0
072 V000700 0
072 W000700 5
072 X000700 61
072 Y000700 16
072 Z000700 -14
072AA000700 122
072BB000700 0
072CC010700 303
072CC020700 0
072DD010700 3
072DD020700 0
072EE000700 0
073 A010700 0.0200
073 A020700 0.0000
073 B000700 0.0000
073 C000700 0.0000
074 A000700 48
074 B000700 0
074 C000700 0
074 D000700 0
074 E000700 131
074 F000700 1425
074 G000700 0
074 H000700 0
074 I000700 19
074 J000700 20
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074 L000700 8
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074 N000700 1651
074 O000700 30
074 P000700 2
074 Q000700 0
074 R010700 0
074 R020700 0
074 R030700 0
074 R040700 11
074 S000700 0
074 T000700 1608
074 U010700 135
074 U020700 0
074 V010700 11.95
074 V020700 0.00
<PAGE> PAGE 26
074 W000700 0.0000
074 X000700 1
074 Y000700 0
075 A000700 0
075 B000700 1792
076 000700 0.00
028 A010800 2207
028 A020800 5
028 A030800 0
028 A040800 2134
028 B010800 1413
028 B020800 8
028 B030800 0
028 B040800 1071
028 C010800 657
028 C020800 7
028 C030800 0
028 C040800 833
028 D010800 1925
028 D020800 10
028 D030800 0
028 D040800 1222
028 E010800 1240
028 E020800 11
028 E030800 0
028 E040800 1186
028 F010800 1401
028 F020800 7
028 F030800 0
028 F040800 1647
028 G010800 8843
028 G020800 48
028 G030800 0
028 G040800 8093
028 H000800 0
062 A000800 Y
062 B000800 3.7
062 C000800 78.4
062 D000800 0.0
062 E000800 0.0
062 F000800 0.0
062 G000800 0.0
062 H000800 0.0
062 I000800 18.5
062 J000800 0.0
062 K000800 0.0
062 L000800 -0.6
062 M000800 0.0
062 N000800 0.0
062 O000800 0.0
062 P000800 0.0
<PAGE> PAGE 27
062 Q000800 0.0
062 R000800 0.0
063 A000800 7
063 B000800 0.0
064 A000800 N
064 B000800 N
070 A010800 Y
070 A020800 N
070 B010800 N
070 B020800 N
070 C010800 N
070 C020800 N
070 D010800 N
070 D020800 N
070 E010800 N
070 E020800 N
070 F010800 N
070 F020800 N
070 G010800 N
070 G020800 N
070 H010800 N
070 H020800 N
070 I010800 N
070 I020800 N
070 J010800 Y
070 J020800 N
070 K010800 N
070 K020800 N
070 L010800 N
070 L020800 N
070 M010800 N
070 M020800 N
070 N010800 N
070 N020800 N
070 O010800 N
070 O020800 N
070 P010800 N
070 P020800 N
070 Q010800 N
070 Q020800 N
070 R010800 N
070 R020800 N
071 A000800 0
071 B000800 0
071 C000800 0
071 D000800 0
072 A000800 12
072 B000800 60
072 C000800 0
072 D000800 0
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<PAGE> PAGE 28
072 F000800 3
072 G000800 0
072 H000800 0
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072 J000800 3
072 K000800 0
072 L000800 0
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072BB000800 0
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072EE000800 0
073 A010800 0.0400
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074 A000800 5
074 B000800 0
074 C000800 1744
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<PAGE> PAGE 29
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025 D001001 0
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SIGNATURE GLENN P. O'FLAHERTY
TITLE TREASURER
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
This schedule contains summary financial information extracted from financial
statements dated December 31, 1995 included in the Fund's Annual Report and is
qualified in its entirety by reference to such financial statements.
</LEGEND>
<SERIES>
<NUMBER> 001
<NAME> ASPEN GROWTH PORTFOLIO
<MULTIPLIER> 1,000
<CURRENCY> U.S. DOLLARS
<S> <C>
<PERIOD-TYPE> YEAR
<FISCAL-YEAR-END> DEC-31-1995
<PERIOD-START> JAN-01-1995
<PERIOD-END> DEC-31-1995
<EXCHANGE-RATE> 1.000
<INVESTMENTS-AT-COST> 111,586
<INVESTMENTS-AT-VALUE> 125,930
<RECEIVABLES> 2,388
<ASSETS-OTHER> 58
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 128,376
<PAYABLE-FOR-SECURITIES> 725
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 740
<TOTAL-LIABILITIES> 1,465
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 109,269
<SHARES-COMMON-STOCK> 9,436
<SHARES-COMMON-PRIOR> 4,120
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 3,241
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 14,401
<NET-ASSETS> 126,911
<DIVIDEND-INCOME> 731
<INTEREST-INCOME> 813
<OTHER-INCOME> 0
<EXPENSES-NET> (587)
<NET-INVESTMENT-INCOME> 957
<REALIZED-GAINS-CURRENT> 5,455
<APPREC-INCREASE-CURRENT> 13,625
<NET-CHANGE-FROM-OPS> 20,037
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (2,611)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 70,676
<NUMBER-OF-SHARES-REDEEMED> (7,351)
<SHARES-REINVESTED> 2,611
<NET-CHANGE-IN-ASSETS> 83,362
<ACCUMULATED-NII-PRIOR> 87
<ACCUMULATED-GAINS-PRIOR> (648)
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 505
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 606
<AVERAGE-NET-ASSETS> 77,344
<PER-SHARE-NAV-BEGIN> 10.570
<PER-SHARE-NII> 0.28
<PER-SHARE-GAIN-APPREC> 2.90
<PER-SHARE-DIVIDEND> (0.30)
<PER-SHARE-DISTRIBUTIONS> 0.000
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 13.45
<EXPENSE-RATIO> 0.78
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0.000
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
This schedule contains summary financial information extracted from financial
statements dated December 31, 1995 included in the Fund's Annual Report and is
qualified in its entirety by reference to such financial statements.
</LEGEND>
<SERIES>
<NUMBER> 002
<NAME> ASPEN AGGRESSIVE GROWTH PORTFOLIO
<MULTIPLIER> 1,000
<CURRENCY> U.S. DOLLARS
<S> <C>
<PERIOD-TYPE> YEAR
<FISCAL-YEAR-END> DEC-31-1995
<PERIOD-START> JAN-01-1995
<PERIOD-END> DEC-31-1995
<EXCHANGE-RATE> 1.000
<INVESTMENTS-AT-COST> 156,325
<INVESTMENTS-AT-VALUE> 185,339
<RECEIVABLES> 1,770
<ASSETS-OTHER> 15
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 187,124
<PAYABLE-FOR-SECURITIES> 542
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 671
<TOTAL-LIABILITIES> 1,213
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 154,058
<SHARES-COMMON-STOCK> 10,885
<SHARES-COMMON-PRIOR> 3,031
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 2,829
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 29,024
<NET-ASSETS> 185,911
<DIVIDEND-INCOME> 846
<INTEREST-INCOME> 681
<OTHER-INCOME> 0
<EXPENSES-NET> (905)
<NET-INVESTMENT-INCOME> 622
<REALIZED-GAINS-CURRENT> 3,639
<APPREC-INCREASE-CURRENT> 26,665
<NET-CHANGE-FROM-OPS> 30,926
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (2,143)
<DISTRIBUTIONS-OF-GAINS> (7)
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 8,985
<NUMBER-OF-SHARES-REDEEMED> (1,270)
<SHARES-REINVESTED> 139
<NET-CHANGE-IN-ASSETS> 144,622
<ACCUMULATED-NII-PRIOR> 24
<ACCUMULATED-GAINS-PRIOR> 693
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 810
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 929
<AVERAGE-NET-ASSETS> 107,582
<PER-SHARE-NAV-BEGIN> 13.620
<PER-SHARE-NII> 0.240
<PER-SHARE-GAIN-APPREC> 3.470
<PER-SHARE-DIVIDEND> (0.250)
<PER-SHARE-DISTRIBUTIONS> 0.000
<RETURNS-OF-CAPITAL> 0.000
<PER-SHARE-NAV-END> 17.080
<EXPENSE-RATIO> 0.860
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
This schedule contains summary financial information extracted from financial
statements dated December 31, 1995 included in the Fund's Annual Report and is
qualified in its entirety by reference to such financial statements.
</LEGEND>
<SERIES>
<NUMBER> 003
<NAME> ASPEN WORLDWIDE GROWTH PORTFOLIO
<MULTIPLIER> 1,000
<CURRENCY> U.S. DOLLARS
<S> <C>
<PERIOD-TYPE> YEAR
<FISCAL-YEAR-END> DEC-31-1995
<PERIOD-START> JAN-01-1995
<PERIOD-END> DEC-31-1995
<EXCHANGE-RATE> 1.000
<INVESTMENTS-AT-COST> 98,193
<INVESTMENTS-AT-VALUE> 111,141
<RECEIVABLES> 1,273
<ASSETS-OTHER> 596
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 113,010
<PAYABLE-FOR-SECURITIES> 3,776
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 671
<TOTAL-LIABILITIES> 4,447
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 93,238
<SHARES-COMMON-STOCK> 7,090
<SHARES-COMMON-PRIOR> 3,125
<ACCUMULATED-NII-CURRENT> 445
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 1,341
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 13,539
<NET-ASSETS> 108,563
<DIVIDEND-INCOME> 551
<INTEREST-INCOME> 530
<OTHER-INCOME> 0
<EXPENSES-NET> (517)
<NET-INVESTMENT-INCOME> 564
<REALIZED-GAINS-CURRENT> 1,712
<APPREC-INCREASE-CURRENT> 13,136
<NET-CHANGE-FROM-OPS> 15,412
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (388)
<DISTRIBUTIONS-OF-GAINS> (8)
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 62,833
<NUMBER-OF-SHARES-REDEEMED> (7,410)
<SHARES-REINVESTED> 396
<NET-CHANGE-IN-ASSETS> 70,835
<ACCUMULATED-NII-PRIOR> 37
<ACCUMULATED-GAINS-PRIOR> (131)
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 403
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 533
<AVERAGE-NET-ASSETS> 59,440
<PER-SHARE-NAV-BEGIN> 12.070
<PER-SHARE-NII> 0.11
<PER-SHARE-GAIN-APPREC> 3.19
<PER-SHARE-DIVIDEND> (0.059)
<PER-SHARE-DISTRIBUTIONS> (0.002)
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 15.31
<EXPENSE-RATIO> 0.90
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0.000
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
This schedule contains summary financial information extracted from financial
statements dated December 31, 1995 included in the Fund's Annual Report and is
qualified in its entirety by reference to such financial statements.
</LEGEND>
<SERIES>
<NUMBER> 004
<NAME> ASPEN BALANCED PORTFOLIO
<MULTIPLIER> 1,000
<CURRENCY> U.S. DOLLARS
<S> <C>
<PERIOD-TYPE> YEAR
<FISCAL-YEAR-END> DEC-31-1995
<PERIOD-START> JAN-01-1995
<PERIOD-END> DEC-31-1995
<EXCHANGE-RATE> 1.000
<INVESTMENTS-AT-COST> 13,591
<INVESTMENTS-AT-VALUE> 14,487
<RECEIVABLES> 437
<ASSETS-OTHER> 2
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 14,926
<PAYABLE-FOR-SECURITIES> 824
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 81
<TOTAL-LIABILITIES> 905
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 12,847
<SHARES-COMMON-STOCK> 1,076
<SHARES-COMMON-PRIOR> 296
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 277
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 897
<NET-ASSETS> 14,021
<DIVIDEND-INCOME> 46
<INTEREST-INCOME> 167
<OTHER-INCOME> 0
<EXPENSES-NET> (75)
<NET-INVESTMENT-INCOME> 138
<REALIZED-GAINS-CURRENT> 323
<APPREC-INCREASE-CURRENT> 903
<NET-CHANGE-FROM-OPS> 1,364
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (150)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 916
<NUMBER-OF-SHARES-REDEEMED> (148)
<SHARES-REINVESTED> 12
<NET-CHANGE-IN-ASSETS> 10,868
<ACCUMULATED-NII-PRIOR> 14
<ACCUMULATED-GAINS-PRIOR> (48)
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 47
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 79
<AVERAGE-NET-ASSETS> 5,739
<PER-SHARE-NAV-BEGIN> 10.630
<PER-SHARE-NII> 0.170
<PER-SHARE-GAIN-APPREC> 2.450
<PER-SHARE-DIVIDEND> (0.220)
<PER-SHARE-DISTRIBUTIONS> 0.000
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 13.030
<EXPENSE-RATIO> 1.370
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
This schedule contains summary financial information extracted from financial
statements dated December 31, 1995 included in the Fund's Annual Report and is
qualified in its entirety by reference to such financial statements.
</LEGEND>
<SERIES>
<NUMBER> 005
<NAME> ASPEN FLEXIBLE INCOME PORTFOLIO
<MULTIPLIER> 1,000
<CURRENCY> U.S. DOLLARS
<S> <C>
<PERIOD-TYPE> YEAR
<FISCAL-YEAR-END> DEC-31-1995
<PERIOD-START> JAN-01-1995
<PERIOD-END> DEC-31-1995
<EXCHANGE-RATE> 1.000
<INVESTMENTS-AT-COST> 10,438
<INVESTMENTS-AT-VALUE> 10,803
<RECEIVABLES> 331
<ASSETS-OTHER> 9
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 11,143
<PAYABLE-FOR-SECURITIES> 294
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 18
<TOTAL-LIABILITIES> 312
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 10,193
<SHARES-COMMON-STOCK> 975
<SHARES-COMMON-PRIOR> 203
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 265
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 373
<NET-ASSETS> 10,831
<DIVIDEND-INCOME> 1
<INTEREST-INCOME> 469
<OTHER-INCOME> 0
<EXPENSES-NET> (56)
<NET-INVESTMENT-INCOME> 414
<REALIZED-GAINS-CURRENT> 360
<APPREC-INCREASE-CURRENT> 407
<NET-CHANGE-FROM-OPS> 1,181
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (439)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 11,580
<NUMBER-OF-SHARES-REDEEMED> (3,854)
<SHARES-REINVESTED> 439
<NET-CHANGE-IN-ASSETS> 8,907
<ACCUMULATED-NII-PRIOR> 15
<ACCUMULATED-GAINS-PRIOR> (84)
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 36
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 60
<AVERAGE-NET-ASSETS> 5,556
<PER-SHARE-NAV-BEGIN> 9.480
<PER-SHARE-NII> 0.530
<PER-SHARE-GAIN-APPREC> 1.700
<PER-SHARE-DIVIDEND> (0.600)
<PER-SHARE-DISTRIBUTIONS> 0.000
<RETURNS-OF-CAPITAL> 0.000
<PER-SHARE-NAV-END> 11.110
<EXPENSE-RATIO> 1.070
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
This schedule contains summary financial information extracted from financial
statements dated December 31, 1995 included in the Fund's Annual Report and is
qualified in its entirety by reference to such financial statements.
</LEGEND>
<SERIES>
<NUMBER> 006
<NAME> ASPEN SHORT TERM BOND PORTFOLIO
<MULTIPLIER> 1,000
<CURRENCY> U.S. DOLLARS
<S> <C>
<PERIOD-TYPE> YEAR
<FISCAL-YEAR-END> DEC-31-1995
<PERIOD-START> JAN-01-1995
<PERIOD-END> DEC-31-1995
<EXCHANGE-RATE> 1.000
<INVESTMENTS-AT-COST> 3,207
<INVESTMENTS-AT-VALUE> 3,231
<RECEIVABLES> 152
<ASSETS-OTHER> 88
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 3,471
<PAYABLE-FOR-SECURITIES> 101
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 183
<TOTAL-LIABILITIES> 284
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 3,142
<SHARES-COMMON-STOCK> 318
<SHARES-COMMON-PRIOR> 298
<ACCUMULATED-NII-CURRENT> 16
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 5
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 24
<NET-ASSETS> 3,187
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 182
<OTHER-INCOME> 0
<EXPENSES-NET> (18)
<NET-INVESTMENT-INCOME> 164
<REALIZED-GAINS-CURRENT> 36
<APPREC-INCREASE-CURRENT> 54
<NET-CHANGE-FROM-OPS> 254
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (162)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 7,515
<NUMBER-OF-SHARES-REDEEMED> (7,484)
<SHARES-REINVESTED> 162
<NET-CHANGE-IN-ASSETS> 285
<ACCUMULATED-NII-PRIOR> 14
<ACCUMULATED-GAINS-PRIOR> (31)
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 18
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 37
<AVERAGE-NET-ASSETS> 2,727
<PER-SHARE-NAV-BEGIN> 9.720
<PER-SHARE-NII> 0.600
<PER-SHARE-GAIN-APPREC> 0.310
<PER-SHARE-DIVIDEND> (0.600)
<PER-SHARE-DISTRIBUTIONS> 0.000
<RETURNS-OF-CAPITAL> 0.000
<PER-SHARE-NAV-END> 10.030
<EXPENSE-RATIO> 0.700
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
This schedule contains summary financial information extracted from financial
statements dated December 31, 1995 included in the Fund's Annual Report and is
qualified in its entirety by reference to such financial statements.
</LEGEND>
<SERIES>
<NUMBER> 007
<NAME> ASPEN INTERNATIONAL GROWTH PORTFOLIO
<MULTIPLIER> 1,000
<CURRENCY> U.S. DOLLARS
<S> <C>
<PERIOD-TYPE> YEAR
<FISCAL-YEAR-END> DEC-31-1995
<PERIOD-START> JAN-01-1995
<PERIOD-END> DEC-31-1995
<EXCHANGE-RATE> 1.000
<INVESTMENTS-AT-COST> 1,257
<INVESTMENTS-AT-VALUE> 1,556
<RECEIVABLES> 28
<ASSETS-OTHER> 67
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 1,651
<PAYABLE-FOR-SECURITIES> 30
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 13
<TOTAL-LIABILITIES> 43
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 1,219
<SHARES-COMMON-STOCK> 135
<SHARES-COMMON-PRIOR> 139
<ACCUMULATED-NII-CURRENT> 9
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 62
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 318
<NET-ASSETS> 1,608
<DIVIDEND-INCOME> 21
<INTEREST-INCOME> 10
<OTHER-INCOME> 0
<EXPENSES-NET> (45)
<NET-INVESTMENT-INCOME> (14)
<REALIZED-GAINS-CURRENT> 122
<APPREC-INCREASE-CURRENT> 303
<NET-CHANGE-FROM-OPS> 411
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (3)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 3,857
<NUMBER-OF-SHARES-REDEEMED> (4,013)
<SHARES-REINVESTED> 3
<NET-CHANGE-IN-ASSETS> 255
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> (34)
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 15
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 61
<AVERAGE-NET-ASSETS> 1,792
<PER-SHARE-NAV-BEGIN> 9.720
<PER-SHARE-NII> 0.090
<PER-SHARE-GAIN-APPREC> 2.160
<PER-SHARE-DIVIDEND> (0.020)
<PER-SHARE-DISTRIBUTIONS> 0.000
<RETURNS-OF-CAPITAL> 0.000
<PER-SHARE-NAV-END> 11.950
<EXPENSE-RATIO> 2.690
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6 <LEGEND> This schedule contains summary financial information
extracted from financial statements dated December 31, 1995 included in the
Fund's Annual Report and is qualified in its entirety by reference to such
financial statements.
</LEGEND>
<SERIES>
<NUMBER> 008
<NAME> Aspen Money Market Portfolio
<MULTIPLIER> 1,000
<CURRENCY> U.S. Dollars
<S> <C>
<PERIOD-TYPE> YEAR
<FISCAL-YEAR-END> DEC-31-1995
<PERIOD-START> JAN-01-1995
<PERIOD-END> DEC-31-1995
<EXCHANGE-RATE> 1.00000
<INVESTMENTS-AT-COST> 1,744
<INVESTMENTS-AT-VALUE> 1,744
<RECEIVABLES> 1
<ASSETS-OTHER> 5
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 1,750
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 15
<TOTAL-LIABILITIES> 15
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 1,735
<SHARES-COMMON-STOCK> 1,735
<SHARES-COMMON-PRIOR> 0
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 0
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 0
<NET-ASSETS> 1,735
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 60
<OTHER-INCOME> 0
<EXPENSES-NET> (11)
<NET-INVESTMENT-INCOME> 55
<REALIZED-GAINS-CURRENT> 0
<APPREC-INCREASE-CURRENT> 0
<NET-CHANGE-FROM-OPS> 0
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (55)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 12,036
<NUMBER-OF-SHARES-REDEEMED> (10,356)
<SHARES-REINVESTED> 55
<NET-CHANGE-IN-ASSETS> 1,735
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 3
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 11
<AVERAGE-NET-ASSETS> 1,543
<PER-SHARE-NAV-BEGIN> 1.000
<PER-SHARE-NII> 0.040
<PER-SHARE-GAIN-APPREC> 0.000
<PER-SHARE-DIVIDEND> (0.040)
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 1.000
<EXPENSE-RATIO> 0.500
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
