WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
This schedule contains summary financial data extracted from the semi-annual
report dated June 30,2000 for the J.P. Morgan US Disciplined Equity Portfolio
and is qualified in its entirety by reference to such semi-annual report.
</LEGEND>
<MULTIPLIER> 1,000
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> DEC-31-2000
<PERIOD-END> JUN-30-2000
<INVESTMENTS-AT-COST> 46348
<INVESTMENTS-AT-VALUE> 49350
<RECEIVABLES> 351
<ASSETS-OTHER> 9
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 49710
<PAYABLE-FOR-SECURITIES> 589
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 54
<TOTAL-LIABILITIES> 643
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 46457
<SHARES-COMMON-STOCK> 2961
<SHARES-COMMON-PRIOR> 2276
<ACCUMULATED-NII-CURRENT> 132
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (517)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 2995
<NET-ASSETS> 49067
<DIVIDEND-INCOME> 272
<INTEREST-INCOME> 39
<OTHER-INCOME> 0
<EXPENSES-NET> 179
<NET-INVESTMENT-INCOME> 132
<REALIZED-GAINS-CURRENT> (349)
<APPREC-INCREASE-CURRENT> (135)
<NET-CHANGE-FROM-OPS> (352)
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 108
<DISTRIBUTIONS-OF-GAINS> 1245
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 879
<NUMBER-OF-SHARES-REDEEMED> 277
<SHARES-REINVESTED> 83
<NET-CHANGE-IN-ASSETS> 9583
<ACCUMULATED-NII-PRIOR> 108
<ACCUMULATED-GAINS-PRIOR> 1076
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 74
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 0
<AVERAGE-NET-ASSETS> 42499
<PER-SHARE-NAV-BEGIN> 17.35
<PER-SHARE-NII> 0.04
<PER-SHARE-GAIN-APPREC> (0.29)
<PER-SHARE-DIVIDEND> (0.04)
<PER-SHARE-DISTRIBUTIONS> (0.49)
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 16.57
<EXPENSE-RATIO> 0.85
</TABLE>
