WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
This schedule contain summary financial data extracted from the semi-annual
report dated June 30, 2000 for the J.P. Morgan Small Company 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> 29484
<INVESTMENTS-AT-VALUE> 31555
<RECEIVABLES> 328
<ASSETS-OTHER> 3
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 31886
<PAYABLE-FOR-SECURITIES> 1626
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 405
<TOTAL-LIABILITIES> 2031
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 26368
<SHARES-COMMON-STOCK> 1869
<SHARES-COMMON-PRIOR> 981
<ACCUMULATED-NII-CURRENT> 33
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 1383
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 2071
<NET-ASSETS> 29855
<DIVIDEND-INCOME> 83
<INTEREST-INCOME> 84
<OTHER-INCOME> 0
<EXPENSES-NET> 135
<NET-INVESTMENT-INCOME> 32
<REALIZED-GAINS-CURRENT> 1430
<APPREC-INCREASE-CURRENT> (1818)
<NET-CHANGE-FROM-OPS> (356)
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> 644
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 1132
<NUMBER-OF-SHARES-REDEEMED> 289
<SHARES-REINVESTED> 45
<NET-CHANGE-IN-ASSETS> 13430
<ACCUMULATED-NII-PRIOR> 1
<ACCUMULATED-GAINS-PRIOR> 597
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 70
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 142
<AVERAGE-NET-ASSETS> 23781
<PER-SHARE-NAV-BEGIN> 16.73
<PER-SHARE-NII> 0.02
<PER-SHARE-GAIN-APPREC> (0.35)
<PER-SHARE-DIVIDEND> (0.43)
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 15.97
<EXPENSE-RATIO> 1.14
</TABLE>
