ALGER RETIREMENT FUND
NSAR-A, EX-27, 2000-06-29
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<TABLE> <S> <C>

<ARTICLE> 6
<SERIES>
   <NUMBER> 1
   <NAME> ALGER CAPITAL APPRECIATION RETIREMENT PORTFOLIO
<MULTIPLIER> 1

<S>                             <C>
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          OCT-31-2000
<PERIOD-END>                               APR-30-2000
<INVESTMENTS-AT-COST>                        322075848
<INVESTMENTS-AT-VALUE>                       346051742
<RECEIVABLES>                                  7566118
<ASSETS-OTHER>                                   45598
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                               353663458
<PAYABLE-FOR-SECURITIES>                       4813508
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                     72762419
<TOTAL-LIABILITIES>                           77575927
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                     236287396
<SHARES-COMMON-STOCK>                         13174986
<SHARES-COMMON-PRIOR>                          5971702
<ACCUMULATED-NII-CURRENT>                     (955143)
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                       16779384
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                      23975894
<NET-ASSETS>                                 276087531
<DIVIDEND-INCOME>                               199034
<INTEREST-INCOME>                               733828
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                 1246519
<NET-INVESTMENT-INCOME>                       (313657)
<REALIZED-GAINS-CURRENT>                      14379793
<APPREC-INCREASE-CURRENT>                     12295501
<NET-CHANGE-FROM-OPS>                         26361637
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                            0
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                        8618290
<NUMBER-OF-SHARES-REDEEMED>                    1415006
<SHARES-REINVESTED>                                  0
<NET-CHANGE-IN-ASSETS>                       179376760
<ACCUMULATED-NII-PRIOR>                       (641486)
<ACCUMULATED-GAINS-PRIOR>                            0
<OVERDISTRIB-NII-PRIOR>                        2399591
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                           922322
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                1246519
<AVERAGE-NET-ASSETS>                         217613123
<PER-SHARE-NAV-BEGIN>                            16.19
<PER-SHARE-NII>                                  (.03)
<PER-SHARE-GAIN-APPREC>                           4.80
<PER-SHARE-DIVIDEND>                                 0
<PER-SHARE-DISTRIBUTIONS>                            0
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              20.96
<EXPENSE-RATIO>                                   1.15


</TABLE>


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