ALGER RETIREMENT FUND
NSAR-B, EX-27.2, 2000-12-29
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<TABLE> <S> <C>


<ARTICLE> 6
<SERIES>
   <NUMBER> 3
   <NAME> ALGER SMALL CAPITALIZATION PORTFOLIO CLASS B
<MULTIPLIER> 1000

<S>                             <C>
<PERIOD-TYPE>                   12-MOS
<FISCAL-YEAR-END>                          OCT-31-2000
<PERIOD-END>                               OCT-31-2000
<INVESTMENTS-AT-COST>                           432743
<INVESTMENTS-AT-VALUE>                          499626
<RECEIVABLES>                                    23560
<ASSETS-OTHER>                                      68
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                                  473254
<PAYABLE-FOR-SECURITIES>                         23695
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                         1409
<TOTAL-LIABILITIES>                              25104
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                        341637
<SHARES-COMMON-STOCK>                            38192
<SHARES-COMMON-PRIOR>                            45387
<ACCUMULATED-NII-CURRENT>                      (7913)
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                         89304
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                         25122
<NET-ASSETS>                                    448150
<DIVIDEND-INCOME>                                  243
<INTEREST-INCOME>                                 2847
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                   11003
<NET-INVESTMENT-INCOME>                         (7913)
<REALIZED-GAINS-CURRENT>                         92099
<APPREC-INCREASE-CURRENT>                      (83423)
<NET-CHANGE-FROM-OPS>                              763
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                            0
<DISTRIBUTIONS-OF-GAINS>                       (73991)
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                          45801
<NUMBER-OF-SHARES-REDEEMED>                      56160
<SHARES-REINVESTED>                               7119
<NET-CHANGE-IN-ASSETS>                         (49337)
<ACCUMULATED-NII-PRIOR>                        (51039)
<ACCUMULATED-GAINS-PRIOR>                       108128
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                             4627
<INTEREST-EXPENSE>                                  11
<GROSS-EXPENSE>                                  11003
<AVERAGE-NET-ASSETS>                            434218
<PER-SHARE-NAV-BEGIN>                            10.13
<PER-SHARE-NII>                                  (.16)
<PER-SHARE-GAIN-APPREC>                            .36
<PER-SHARE-DIVIDEND>                                 0
<PER-SHARE-DISTRIBUTIONS>                       1.81
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                               8.52
<EXPENSE-RATIO>                                   2.14



</TABLE>


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