DIVERSIFIED INVESTORS PORTFOLIOS
NSAR-B, 1998-02-27
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<PAGE>      PAGE  1
000 B000000 12/31/97
000 C000000 0000917153
000 D000000 N
000 E000000 NF
000 F000000 Y
000 G000000 N
000 H000000 N
000 I000000 3.0
000 J000000 A
001 A000000 DIVERSIFIED INVESTORS PORTFOLIOS
001 B000000 811-8272
001 C000000 9146973848
002 A000000 4 MANHATTANVILLE RD.
002 B000000 PURCHASE
002 C000000 NY
002 D010000 10577
003  000000 N
004  000000 N
005  000000 N
006  000000 N
007 A000000 Y
007 B000000 13
007 C010100  1
007 C020100 MONEY MARKET PORTFOLIO
007 C030100 N
007 C010200  2
007 C020200 HIGH QUALITY BOND PORTFOLIO
007 C030200 N
007 C010300  3
007 C020300 INTERMEDIATE GOVERNMENT BOND PORTFOLIO
007 C030300 N
007 C010400  4
007 C020400 GOVERNMENT/CORPORATE BOND PORTFOLIO
007 C030400 N
007 C010500  5
007 C020500 BALANCED PORTFOLIO
007 C030500 N
007 C010600  6
007 C020600 EQUITY INCOME PORTFOLIO
007 C030600 N
007 C010700  7
007 C020700 GROWTH & INCOME PORTFOLIO
007 C030700 N
007 C010800  8
007 C020800 EQUITY GROWTH PORTFOLIO
007 C030800 N
007 C010900  9
007 C020900 SPECIAL EQUITY PORTFOLIO
007 C030900 N
007 C011000 10
007 C021000 HIGH YIELD BOND PORTFOLIO
<PAGE>      PAGE  2
007 C031000 N
007 C011100 11
007 C021100 INTERNATIONAL EQUITY PORTFOLIO
007 C031100 N
007 C011200 12
007 C021200 AGRESSIVE EQUITY PORTFOLIO
007 C031200 N
007 C011300 13
007 C021300 EQUITY VALUE PORTFOLIO
007 C031300 N
007 C011400 14
007 C011500 15
007 C011600 16
007 C011700 17
007 C011800 18
007 C011900 19
007 C012000 20
007 C012100 21
007 C012200 22
007 C012300 23
007 C012400 24
007 C012500 25
007 C012600 26
007 C012700 27
007 C012800 28
007 C012900 29
007 C013000 30
010 A00AA01 DIVERSIFIED INVESTMENT ADVISORS, INC.
010 B00AA01 801-82910
010 C01AA01 PURCHASE
010 C02AA01 NY
010 C03AA01 10577
013 A00AA01 COOPERS & LYBRAND LLP
013 B01AA01 NEW YORK
013 B02AA01 NY
013 B03AA01 10019
015 A00AA01 INVESTORS BANK & TRUST COMPANY
015 B00AA01 C
015 C01AA01 BOSTON
015 C02AA01 MA
015 C03AA01 02205
015 E01AA01 X
015 A00AA02 CITIBANK, N.A.
015 B00AA02 S
015 C01AA02 BUENOS AIRES
015 D01AA02 ARGENTINA
015 E04AA02 X
015 A00AA03 NATIONAL AUSTRALIA BANK LIMITED
015 B00AA03 S
015 C01AA03 MELBOURNE
015 D01AA03 AUSTRALIA
<PAGE>      PAGE  3
015 E04AA03 X
015 A00AA04 MORGAN GUARANTY TRUST CO. OF NEW YORK
015 B00AA04 S
015 C01AA04 BRUSSELS
015 D01AA04 BELGIUM
015 E04AA04 X
015 A00AA05 BANCO DE BOSTON
015 B00AA05 S
015 C01AA05 SAO PAULO
015 D01AA05 BRAZIL
015 E04AA05 X
015 A00AA06 THE ROYAL BANK OF CANADA
015 B00AA06 S
015 C01AA06 TORONTO
015 D01AA06 CANADA
015 E04AA06 X
015 A00AA07 UNIBANK
015 B00AA07 S
015 C01AA07 COPENHAGEN
015 D01AA07 DENMARK
015 E04AA07 X
015 A00AA08 MERITA BANK
015 B00AA08 S
015 C01AA08 HELSINKI
015 D01AA08 FINLAND
015 E04AA08 X
015 A00AA09 BANQUE PARIBAS
015 B00AA09 S
015 C01AA09 PARIS
015 D01AA09 FRANCE
015 E04AA09 X
015 A00AA10 DUETSCHE BANK AG
015 B00AA10 S
015 C01AA10 FRANKFURT
015 D01AA10 GERMANY
015 E04AA10 X
015 A00AA11 STANDARD CHARTERED EQUITOR GROUP
015 B00AA11 S
015 C01AA11 HONG KONG
015 D01AA11 HONG KONG
015 E04AA11 X
015 A00AA12 STANDARD CHARTERED EQUITOR GROUP
015 B00AA12 S
015 C01AA12 JAKARTA
015 D01AA12 INDONESIA
015 E04AA12 X
015 A00AA13 CITIBANK, N.A.
015 B00AA13 S
015 C01AA13 MILAN
015 D01AA13 ITALY
015 E04AA13 X
<PAGE>      PAGE  4
015 A00AA14 STANDARD CHARTERED EQUITOR GROUP
015 B00AA14 S
015 C01AA14 TOKYO
015 D01AA14 JAPAN
015 E04AA14 X
015 A00AA15 STANDARD CHARTERED BANK MALAYSIA BERHAD
015 B00AA15 S
015 C01AA15 LUMPUR
015 D01AA15 MALAYSIA
015 E04AA15 X
015 A00AA16 BANCOMER, S.A.
015 B00AA16 S
015 C01AA16 MEXICO CITY
015 D01AA16 MEXICO
015 E04AA16 X
015 A00AA17 MEES PIERSON
015 B00AA17 S
015 C01AA17 AMSTERDAM
015 D01AA17 NETHERLANDS
015 E04AA17 X
015 A00AA18 CHRISTIANIA BANK OG KREDITKASSE
015 B00AA18 S
015 C01AA18 OSLO
015 D01AA18 NORWAY
015 E04AA18 X
015 A00AA19 STANDARD CHARTERED EQUITOR GROUP
015 B00AA19 S
015 C01AA19 MANILA
015 D01AA19 PHILIPPINES
015 E04AA19 X
015 A00AA20 CITIBANK PORTUGAL, N.A.
015 B00AA20 S
015 C01AA20 LISBON
015 D01AA20 PORTUGAL
015 E04AA20 X
015 A00AA21 STANDARD CHARTERED EQUITOR GROUP
015 B00AA21 S
015 C01AA21 SINGAPORE
015 D01AA21 SINGAPORE
015 E04AA21 X
015 A00AA22 STANDARD BANK OF SOUTH AFRICA
015 B00AA22 S
015 C01AA22 JOHANNESBURG
015 D01AA22 SOUTH AFRICA
015 E04AA22 X
015 A00AA23 BANCO PARIBAS
015 B00AA23 S
015 C01AA23 MADRID
015 D01AA23 SPAIN
015 E04AA23 X
015 A00AA24 SVENSKA HANDELSBANKEN
<PAGE>      PAGE  5
015 B00AA24 S
015 C01AA24 STOCKHOLM
015 D01AA24 SWEDEN
015 E04AA24 X
015 A00AA25 BANK LEU
015 B00AA25 S
015 C01AA25 ZURICH
015 D01AA25 SWITZERLAND
015 E04AA25 X
015 A00AA26 STANDARD CHARTERED EQUITOR GROUP
015 B00AA26 S
015 C01AA26 BANGKOK
015 D01AA26 THAILAND
015 E04AA26 X
015 A00AA27 BARCLAYS BANK
015 B00AA27 S
015 C01AA27 LONDON
015 D01AA27 UNITED KINGDOM
015 E04AA27 X
018  00AA00 Y
019 A00AA00 N
019 B00AA00    0
020 A000001 LEHMAN BROTHERS, INC.
020 B000001 13-2518466
020 C000001    163
020 A000002 GOLDMAN SACHS & CO
020 B000002 13-5108880
020 C000002    161
020 A000003 MERRILL LYNCH PIERCE FENNER & SMITH, INC.
020 B000003 13-5674085
020 C000003    152
020 A000004 ALEX BROWN & SONS, INC
020 B000004 99-9999999
020 C000004    147
020 A000005 SMITH BARNEY, INC.NC.
020 B000005 13-2852187
020 C000005    135
020 A000006 ABEL NOSER CORPORATION
020 B000006 13-2833003
020 C000006    120
020 A000007 MORGAN STANLEY & CO., INC.
020 B000007 13-2655998
020 C000007    120
020 A000008 SALOMON BROTHERS
020 B000008 13-3082694
020 C000008    118
020 A000009 FIRST BOSTON
020 B000009 99-9999999
020 C000009    112
020 A000010 BERNSTEIN & CO, INC.
020 B000010 99-9999999
<PAGE>      PAGE  6
020 C000010    106
021  000000     1334
022 A000001 INVESTORS BANK & TRUST, TRUST CLIENTS
022 B000001 04-2447211
022 C000001  27669449
022 D000001         0
022 A000002 MORGAN STANLEY & CO., INC.
022 B000002 13-2655998
022 C000002   2884104
022 D000002         0
022 A000003 DIRECT BROKERAGE SERVICES
022 B000003 00-0000000
022 C000003   1453609
022 D000003     78103
022 A000004 MERRILL LYNCH PIERCE FENNER & SMITH
022 B000004 13-5674085
022 C000004    698485
022 D000004    173072
022 A000005 RBC DOMINION SECURITIES
022 B000005 13-5108880
022 C000005    358197
022 D000005     61136
022 A000006 GOLDMAN SACHS & CO
022 B000006 13-5108880
022 C000006    308465
022 D000006     84827
022 A000007 LEHMAN BROTHERS INC
022 B000007 13-2518466
022 C000007    247939
022 D000007     64690
022 A000008 UBS SECURITIES
022 B000008 13-3873456
022 C000008    114935
022 D000008    114183
022 A000009 BEAR STEARNS & CO, INC.
022 B000009 13-3299429
022 C000009     92122
022 D000009     80692
022 A000010 MERRILL LYNCH
022 B000010 13-5674085
022 C000010    110372
022 D000010     22998
023 C000000  128021491
023 D000000     919426
026 A000000 N
026 B000000 N
026 C000000 N
026 D000000 N
026 E000000 N
026 F000000 N
026 G010000 N
<PAGE>      PAGE  7
026 G020000 N
026 H000000 N
027  000000 Y
029  00AA00 N
030 A00AA00      0
030 B00AA00  0.00
030 C00AA00  0.00
034  00AA00 N
035  00AA00      0
036 B00AA00      0
037  00AA00 N
038  00AA00      0
039  00AA00 N
040  00AA00 N
042 A00AA00   0
042 B00AA00   0
042 C00AA00   0
042 D00AA00   0
042 E00AA00   0
042 F00AA00   0
042 G00AA00   0
042 H00AA00   0
043  00AA00      0
044  00AA00      0
049  00AA00 N
050  00AA00 N
051  00AA00 N
052  00AA00 N
053 A00AA00 Y
053 B00AA00 Y
053 C00AA00 N
054 A00AA00 N
054 B00AA00 N
054 C00AA00 N
054 D00AA00 N
054 E00AA00 N
054 F00AA00 N
054 G00AA00 N
054 H00AA00 N
054 I00AA00 N
054 J00AA00 N
054 K00AA00 N
054 L00AA00 N
054 M00AA00 N
054 N00AA00 N
054 O00AA00 N
055 A00AA00 N
055 B00AA00 N
056  00AA00 Y
058 A00AA00 N
059  00AA00 Y
<PAGE>      PAGE  8
060 A00AA00 Y
060 B00AA00 Y
061  00AA00        0
077 A000000 N
078  000000 N
080 A00AA00 ST. PAUL FIRE & MARINE
080 C00AA00    12000
081 A00AA00 Y
081 B00AA00  14
082 A00AA00 Y
082 B00AA00       50
083 A00AA00 N
083 B00AA00        0
084 A00AA00 N
084 B00AA00        0
085 A00AA00 Y
085 B00AA00 N
086 A010000      0
086 A020000      0
086 B010000      0
086 B020000      0
086 C010000      0
086 C020000      0
086 D010000      0
086 D020000      0
086 E010000      0
086 E020000      0
086 F010000      0
086 F020000      0
008 A000101 DIVERSIFIED INVESTMENT ADVISORS, INC.
008 B000101 A
008 C000101 801-42910
008 D010101 PURCHASE
008 D020101 NY
008 D030101 10577
008 A000102 CAPITAL MANAGEMENT GROUP
008 B000102 S
008 C000102 801-13564
008 D010102 NEW YORK
008 D020102 NY
008 D030102 10019
024  000100 Y
025 A000101 MERRILL LYNCH & CO. INC.
025 B000101 13-5674085
025 C000101 D
025 D000101    2095
025 A000102 MELLON BANK
025 B000102 54-6001808
025 C000102 D
025 D000102    1687
025 A000103 LEHMAN BROTHERS
<PAGE>      PAGE  9
025 B000103 13-3299429
025 C000103 D
025 D000103    5584
025 D000104       0
025 D000105       0
025 D000106       0
025 D000107       0
025 D000108       0
028 A010100     59821
028 A020100         0
028 A030100         0
028 A040100     68748
028 B010100     50090
028 B020100         0
028 B030100         0
028 B040100     38396
028 C010100    144332
028 C020100         0
028 C030100         0
028 C040100    120986
028 D010100     60195
028 D020100         0
028 D030100         0
028 D040100     53868
028 E010100    129899
028 E020100         0
028 E030100         0
028 E040100    147849
028 F010100     81663
028 F020100         0
028 F030100         0
028 F040100     97129
028 G010100    526000
028 G020100         0
028 G030100         0
028 G040100    526976
028 H000100         0
045  000100 Y
046  000100 Y
047  000100 Y
048  000100  0.250
048 A010100        0
048 A020100 0.000
048 B010100        0
048 B020100 0.000
048 C010100        0
048 C020100 0.000
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048 D020100 0.000
048 E010100        0
048 E020100 0.000
<PAGE>      PAGE  10
048 F010100        0
048 F020100 0.000
048 G010100        0
048 G020100 0.000
048 H010100        0
048 H020100 0.000
048 I010100        0
048 I020100 0.000
048 J010100        0
048 J020100 0.000
048 K010100        0
048 K020100 0.000
062 A000100 Y
062 B000100   0.0
062 C000100   4.7
062 D000100   0.0
062 E000100   0.0
062 F000100   8.1
062 G000100   0.0
062 H000100   0.0
062 I000100  75.1
062 J000100   0.0
062 K000100   0.0
062 L000100  12.1
062 M000100   0.0
062 N000100   0.0
062 O000100   0.0
062 P000100   0.0
062 Q000100   0.0
062 R000100   0.0
063 A000100  41
063 B000100  0.0
064 A000100 N
064 B000100 N
066 A000100 N
067  000100 N
068 A000100 N
068 B000100 N
069  000100 N
070 A010100 Y
070 A020100 Y
070 B010100 N
070 B020100 N
070 C010100 N
070 C020100 N
070 D010100 N
070 D020100 N
070 E010100 N
070 E020100 N
070 F010100 N
070 F020100 N
<PAGE>      PAGE  11
070 G010100 N
070 G020100 N
070 H010100 N
070 H020100 N
070 I010100 N
070 I020100 N
070 J010100 Y
070 J020100 N
070 K010100 Y
070 K020100 N
070 L010100 Y
070 L020100 N
070 M010100 Y
070 M020100 N
070 N010100 Y
070 N020100 N
070 O010100 Y
070 O020100 N
070 P010100 N
070 P020100 N
070 Q010100 N
070 Q020100 N
070 R010100 Y
070 R020100 N
071 A000100         0
071 B000100         0
071 C000100         0
071 D000100    0
072 A000100 12
072 B000100    12425
072 C000100        0
072 D000100        0
072 E000100        0
072 F000100      553
072 G000100        0
072 H000100        0
072 I000100        0
072 J000100       44
072 K000100        0
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072 M000100        2
072 N000100        0
072 O000100        0
072 P000100        0
072 Q000100        0
072 R000100       19
072 S000100        3
072 T000100        0
072 U000100        0
072 V000100        0
072 W000100        4
<PAGE>      PAGE  12
072 X000100      627
072 Y000100        0
072 Z000100    11798
072AA000100        0
072BB000100        9
072CC010100        0
072CC020100        0
072DD010100        0
072DD020100        0
072EE000100        0
073 A010100   0.0000
073 A020100   0.0000
073 B000100   0.0000
073 C000100   0.0000
074 A000100       22
074 B000100       20
074 C000100   231801
074 D000100        0
074 E000100        0
074 F000100        0
074 G000100        0
074 H000100        0
074 I000100        0
074 J000100        0
074 K000100        0
074 L000100      554
074 M000100        0
074 N000100   232396
074 O000100        0
074 P000100        5
074 Q000100        0
074 R010100        0
074 R020100        0
074 R030100        0
074 R040100       79
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074 T000100   232312
074 U010100        0
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074 V010100     0.00
074 V020100     0.00
074 W000100   0.0000
074 X000100        0
074 Y000100        0
075 A000100   221412
075 B000100        0
076  000100     0.00
008 A000201 DIVERSIFIED INVESTMENT ADVISORS, INC.
008 B000201 A
008 C000201 801-42910
008 D010201 PURCHASE
<PAGE>      PAGE  13
008 D020201 NY
008 D030201 10577
008 A000202 MERGANSER CAPITAL MANAGEMENT
008 B000202 S
008 C000202 801-31062
008 D010202 CAMBRIDGE
008 D020202 MA
008 D030202 02142
024  000200 Y
025 A000201 MERILL LYNCH & CO. INC
025 B000201 13-5674085
025 C000201 D
025 D000201    7558
025 A000202 BEAR STEARNS & COMPANY
025 B000202 13-3299429
025 C000202 D
025 D000202    5546
025 A000203 LEHMAN BROTHERS
025 B000203 13-2518466
025 C000203 D
025 D000203    5768
025 A000204 MORGAN STANLEY
025 B000204 13-2655998
025 C000204 D
025 D000204    3133
025 D000205       0
025 D000206       0
025 D000207       0
025 D000208       0
025 D000209       0
025 D000210       0
025 D000211       0
025 D000212       0
025 D000213       0
025 D000214       0
025 D000215       0
025 D000216       0
028 A010200      5929
028 A020200         0
028 A030200         0
028 A040200      9550
028 B010200      5037
028 B020200         0
028 B030200         0
028 B040200     14077
028 C010200     23089
028 C020200         0
028 C030200         0
028 C040200      7997
028 D010200      5937
028 D020200         0
<PAGE>      PAGE  14
028 D030200         0
028 D040200      7439
028 E010200      7733
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028 E030200         0
028 E040200     12282
028 F010200     11090
028 F020200         0
028 F030200         0
028 F040200      2822
028 G010200     58815
028 G020200         0
028 G030200         0
028 G040200     54167
028 H000200         0
045  000200 Y
046  000200 Y
047  000200 Y
048  000200  0.350
048 A010200        0
048 A020200 0.000
048 B010200        0
048 B020200 0.000
048 C010200        0
048 C020200 0.000
048 D010200        0
048 D020200 0.000
048 E010200        0
048 E020200 0.000
048 F010200        0
048 F020200 0.000
048 G010200        0
048 G020200 0.000
048 H010200        0
048 H020200 0.000
048 I010200        0
048 I020200 0.000
048 J010200        0
048 J020200 0.000
048 K010200        0
048 K020200 0.000
062 A000200 Y
062 B000200   0.0
062 C000200   0.0
062 D000200   8.0
062 E000200   0.0
062 F000200   0.0
062 G000200   0.0
062 H000200   0.0
062 I000200   0.0
062 J000200   0.0
<PAGE>      PAGE  15
062 K000200   0.0
062 L000200   0.0
062 M000200  10.1
062 N000200   4.1
062 O000200   0.0
062 P000200  74.6
062 Q000200   2.3
062 R000200   0.0
063 A000200   0
063 B000200  2.1
064 A000200 N
064 B000200 N
066 A000200 N
067  000200 N
068 A000200 N
068 B000200 N
069  000200 N
070 A010200 Y
070 A020200 Y
070 B010200 Y
070 B020200 N
070 C010200 Y
070 C020200 N
070 D010200 Y
070 D020200 N
070 E010200 Y
070 E020200 N
070 F010200 Y
070 F020200 N
070 G010200 Y
070 G020200 N
070 H010200 Y
070 H020200 N
070 I010200 Y
070 I020200 N
070 J010200 Y
070 J020200 N
070 K010200 Y
070 K020200 Y
070 L010200 Y
070 L020200 Y
070 M010200 Y
070 M020200 N
070 N010200 Y
070 N020200 N
070 O010200 Y
070 O020200 N
070 P010200 N
070 P020200 N
070 Q010200 N
070 Q020200 N
<PAGE>      PAGE  16
070 R010200 Y
070 R020200 N
071 A000200    126840
071 B000200    114138
071 C000200    184310
071 D000200   62
072 A000200 12
072 B000200    13138
072 C000200        0
072 D000200        0
072 E000200        0
072 F000200      707
072 G000200        0
072 H000200        0
072 I000200        0
072 J000200       45
072 K000200        0
072 L000200        2
072 M000200        1
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072 O000200        0
072 P000200        0
072 Q000200        0
072 R000200       20
072 S000200        2
072 T000200        0
072 U000200        0
072 V000200        0
072 W000200        4
072 X000200      782
072 Y000200        0
072 Z000200    12356
072AA000200        0
072BB000200     2350
072CC010200     1093
072CC020200        0
072DD010200        0
072DD020200        0
072EE000200        0
073 A010200   0.0000
073 A020200   0.0000
073 B000200   0.0000
073 C000200   0.0000
074 A000200        0
074 B000200    17477
074 C000200        0
074 D000200   198724
074 E000200        0
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<PAGE>      PAGE  17
074 I000200        0
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074 L000200     1996
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074 N000200   218270
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074 R020200        0
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074 R040200       93
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074 V010200     0.00
074 V020200     0.00
074 W000200   0.0000
074 X000200        0
074 Y000200        0
075 A000200        0
075 B000200   201981
076  000200     0.00
008 A000301 DIVERSIFIED INVESTMENT ADVISORS, INC.
008 B000301 A
008 C000301 801-42910
008 D010301 PURCHASE
008 D020301 NY
008 D030301 10577
008 A000302 CAPITAL MANAGEMENT GROUP
008 B000302 S
008 C000302 801-13564
008 D010302 NEW YORK
008 D020302 NY
008 D030302 10019
024  000300 Y
025 A000301 GOLDMAN SACHS
025 B000301 13-5108880
025 C000301 D
025 D000301    5000
025 D000302       0
025 D000303       0
025 D000304       0
025 D000305       0
025 D000306       0
025 D000307       0
025 D000308       0
028 A010300      2405
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<PAGE>      PAGE  18
028 A030300         0
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<PAGE>      PAGE  37
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<PAGE>      PAGE  38
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<PAGE>      PAGE  39
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<PAGE>      PAGE  48
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<PAGE>      PAGE  50
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071 B001100     55221
071 C001100    176753
071 D001100   31
072 A001100 12
072 B001100      589
072 C001100     3180
072 D001100        0
<PAGE>      PAGE  55
072 E001100     -351
072 F001100     1435
072 G001100        0
072 H001100        0
072 I001100        0
072 J001100      218
072 K001100        0
072 L001100        2
072 M001100        1
072 N001100        0
072 O001100        0
072 P001100        0
072 Q001100        0
072 R001100       24
072 S001100        2
072 T001100        0
072 U001100        0
072 V001100        0
072 W001100        4
072 X001100     1685
072 Y001100       16
072 Z001100     1749
072AA001100     6952
072BB001100        0
072CC011100     1832
072CC021100        0
072DD011100        0
072DD021100        0
072EE001100        0
073 A011100   0.0000
073 A021100   0.0000
073 B001100   0.0000
073 C001100   0.0000
074 A001100        0
074 B001100    10117
074 C001100     6050
074 D001100     9427
074 E001100     3150
074 F001100   189697
074 G001100        0
074 H001100        0
074 I001100        0
074 J001100      315
074 K001100        8
074 L001100      445
074 M001100     1887
074 N001100   221096
074 O001100      734
074 P001100        0
074 Q001100        0
074 R011100        0
<PAGE>      PAGE  56
074 R021100        0
074 R031100        0
074 R041100    15028
074 S001100        0
074 T001100   205334
074 U011100        0
074 U021100        0
074 V011100     0.00
074 V021100     0.00
074 W001100   0.0000
074 X001100        0
074 Y001100        0
075 A001100        0
075 B001100   191459
076  001100     0.00
008 A001201 DIVERSIFIED INVESTMENT ADVISORS, INC
008 B001201 A
008 C001201 801-42910
008 D011201 PURCHASE
008 D021201 NY
008 D031201 10577
008 A001202 MCKINLEY CAPITAL MANAGEMENT, INC
008 B001202 S
008 C001202 801-38751
008 D011202 ANCHORAGE
008 D021202 AK
008 D031202 99503
024  001200 N
025 D001201       0
025 D001202       0
025 D001203       0
025 D001204       0
025 D001205       0
025 D001206       0
025 D001207       0
025 D001208       0
028 A011200      3683
028 A021200         0
028 A031200         0
028 A041200      2698
028 B011200      3739
028 B021200         0
028 B031200         0
028 B041200      3175
028 C011200      8017
028 C021200         0
028 C031200         0
028 C041200      3104
028 D011200      6249
028 D021200         0
028 D031200         0
<PAGE>      PAGE  57
028 D041200      4521
028 E011200      4013
028 E021200         0
028 E031200         0
028 E041200      3433
028 F011200      5472
028 F021200         0
028 F031200         0
028 F041200      2855
028 G011200     31173
028 G021200         0
028 G031200         0
028 G041200     19786
028 H001200         0
045  001200 Y
046  001200 Y
047  001200 Y
048  001200  0.970
048 A011200        0
048 A021200 0.000
048 B011200        0
048 B021200 0.000
048 C011200        0
048 C021200 0.000
048 D011200        0
048 D021200 0.000
048 E011200        0
048 E021200 0.000
048 F011200        0
048 F021200 0.000
048 G011200        0
048 G021200 0.000
048 H011200        0
048 H021200 0.000
048 I011200        0
048 I021200 0.000
048 J011200        0
048 J021200 0.000
048 K011200        0
048 K021200 0.000
062 A001200 N
062 B001200   0.0
062 C001200   0.0
062 D001200   0.0
062 E001200   0.0
062 F001200   0.0
062 G001200   0.0
062 H001200   0.0
062 I001200   0.0
062 J001200   0.0
062 K001200   0.0
<PAGE>      PAGE  58
062 L001200   0.0
062 M001200   0.0
062 N001200   0.0
062 O001200   0.0
062 P001200   0.0
062 Q001200   0.0
062 R001200   0.0
063 A001200   0
063 B001200  0.0
066 A001200 Y
066 B001200 Y
067  001200 N
068 A001200 N
068 B001200 N
069  001200 N
070 A011200 Y
070 A021200 Y
070 B011200 Y
070 B021200 N
070 C011200 Y
070 C021200 N
070 D011200 Y
070 D021200 N
070 E011200 Y
070 E021200 N
070 F011200 Y
070 F021200 N
070 G011200 Y
070 G021200 N
070 H011200 Y
070 H021200 N
070 I011200 Y
070 I021200 N
070 J011200 Y
070 J021200 N
070 K011200 Y
070 K021200 N
070 L011200 Y
070 L021200 N
070 M011200 Y
070 M021200 N
070 N011200 Y
070 N021200 N
070 O011200 Y
070 O021200 N
070 P011200 N
070 P021200 N
070 Q011200 N
070 Q021200 N
070 R011200 Y
070 R021200 N
<PAGE>      PAGE  59
071 A001200     46045
071 B001200     40802
071 C001200     16776
071 D001200  243
072 A001200 12
072 B001200      107
072 C001200       46
072 D001200        0
072 E001200        0
072 F001200      183
072 G001200        0
072 H001200        0
072 I001200        0
072 J001200       46
072 K001200        0
072 L001200        0
072 M001200        0
072 N001200        0
072 O001200        0
072 P001200        0
072 Q001200        0
072 R001200       18
072 S001200        1
072 T001200        0
072 U001200        0
072 V001200        0
072 W001200        3
072 X001200      251
072 Y001200       62
072 Z001200      -37
072AA001200        0
072BB001200     1924
072CC011200     1758
072CC021200        0
072DD011200        0
072DD021200        0
072EE001200        0
073 A011200   0.0000
073 A021200   0.0000
073 B001200   0.0000
073 C001200   0.0000
074 A001200        0
074 B001200     6561
074 C001200        0
074 D001200        0
074 E001200        0
074 F001200    19876
074 G001200        0
074 H001200        0
074 I001200        0
074 J001200        0
<PAGE>      PAGE  60
074 K001200        1
074 L001200       12
074 M001200        0
074 N001200    26450
074 O001200      530
074 P001200        0
074 Q001200        0
074 R011200        0
074 R021200        0
074 R031200        0
074 R041200       62
074 S001200        0
074 T001200    25858
074 U011200        0
074 U021200        0
074 V011200     0.00
074 V021200     0.00
074 W001200   0.0000
074 X001200        0
074 Y001200        0
075 A001200        0
075 B001200    18894
076  001200     0.00
008 A001301 DIVERSIFIED INVESTMENT ADVISORS, INC.
008 B001301 A
008 C001301 801-42910
008 D011301 PURCHASE
008 D021301 NY
008 D031301 10577
008 A001302 ARK ASSET MANAGEMENT CO., INC.
008 B001302 S
008 C001302 801-35134
008 D011302 NEW YORK
008 D021302 NY
008 D031302 10004
024  001300 N
025 D001301       0
025 D001302       0
025 D001303       0
025 D001304       0
025 D001305       0
025 D001306       0
025 D001307       0
025 D001308       0
028 A011300     59367
028 A021300         0
028 A031300         0
028 A041300      4889
028 B011300      3954
028 B021300         0
028 B031300         0
<PAGE>      PAGE  61
028 B041300      1688
028 C011300     23527
028 C021300         0
028 C031300         0
028 C041300      5897
028 D011300     25524
028 D021300         0
028 D031300         0
028 D041300      8984
028 E011300      4039
028 E021300         0
028 E031300         0
028 E041300     27155
028 F011300     15534
028 F021300         0
028 F031300         0
028 F041300      4869
028 G011300    131945
028 G021300         0
028 G031300         0
028 G041300     53482
028 H001300         0
045  001300 Y
046  001300 Y
047  001300 Y
048  001300  0.570
048 A011300        0
048 A021300 0.000
048 B011300        0
048 B021300 0.000
048 C011300        0
048 C021300 0.000
048 D011300        0
048 D021300 0.000
048 E011300        0
048 E021300 0.000
048 F011300        0
048 F021300 0.000
048 G011300        0
048 G021300 0.000
048 H011300        0
048 H021300 0.000
048 I011300        0
048 I021300 0.000
048 J011300        0
048 J021300 0.000
048 K011300        0
048 K021300 0.000
062 A001300 N
062 B001300   0.0
062 C001300   0.0
<PAGE>      PAGE  62
062 D001300   0.0
062 E001300   0.0
062 F001300   0.0
062 G001300   0.0
062 H001300   0.0
062 I001300   0.0
062 J001300   0.0
062 K001300   0.0
062 L001300   0.0
062 M001300   0.0
062 N001300   0.0
062 O001300   0.0
062 P001300   0.0
062 Q001300   0.0
062 R001300   0.0
063 A001300   0
063 B001300  0.0
066 A001300 Y
066 G001300 Y
067  001300 N
068 A001300 N
068 B001300 N
069  001300 N
070 A011300 Y
070 A021300 Y
070 B011300 Y
070 B021300 N
070 C011300 Y
070 C021300 N
070 D011300 Y
070 D021300 N
070 E011300 Y
070 E021300 N
070 F011300 Y
070 F021300 N
070 G011300 Y
070 G021300 N
070 H011300 Y
070 H021300 N
070 I011300 Y
070 I021300 N
070 J011300 Y
070 J021300 N
070 K011300 Y
070 K021300 N
070 L011300 Y
070 L021300 N
070 M011300 Y
070 M021300 N
070 N011300 Y
070 N021300 Y
<PAGE>      PAGE  63
070 O011300 Y
070 O021300 N
070 P011300 N
070 P021300 N
070 Q011300 N
070 Q021300 N
070 R011300 Y
070 R021300 N
071 A001300    341372
071 B001300    169034
071 C001300    141365
071 D001300  120
072 A001300 12
072 B001300      433
072 C001300     2768
072 D001300        0
072 E001300        0
072 F001300      883
072 G001300        0
072 H001300        0
072 I001300        0
072 J001300       72
072 K001300        0
072 L001300        0
072 M001300        1
072 N001300        2
072 O001300        0
072 P001300        0
072 Q001300        0
072 R001300       18
072 S001300        2
072 T001300        0
072 U001300        0
072 V001300        0
072 W001300        4
072 X001300      981
072 Y001300       56
072 Z001300     2276
072AA001300    20127
072BB001300        0
072CC011300     4086
072CC021300        0
072DD011300        0
072DD021300        0
072EE001300        0
073 A011300   0.0000
073 A021300   0.0000
073 B001300   0.0000
073 C001300   0.0000
074 A001300        0
074 B001300     9251
<PAGE>      PAGE  64
074 C001300     7534
074 D001300        0
074 E001300        0
074 F001300   225079
074 G001300        0
074 H001300        0
074 I001300        0
074 J001300     1306
074 K001300        0
074 L001300      439
074 M001300        0
074 N001300   243609
074 O001300      936
074 P001300        0
074 Q001300        0
074 R011300        0
074 R021300        0
074 R031300        0
074 R041300     7689
074 S001300        0
074 T001300   234984
074 U011300        0
074 U021300        0
074 V011300     0.00
074 V021300     0.00
074 W001300   0.0000
074 X001300        0
074 Y001300        0
075 A001300        0
075 B001300   155390
076  001300     0.00
SIGNATURE   ALFRED C. SYLVAIN                            
TITLE       VICE PRESIDENT      
 


<TABLE> <S> <C>

<ARTICLE> 6		
<SERIES>		
   <NUMBER> 1		
   <NAME>    MONEY MARKET PORTFOLIO
<MULTIPLIER> 1		
       		
<S>                             <C>		
<PERIOD-TYPE>                   12-MOS		
<FISCAL-YEAR-END>					DEC-31-1997		
<PERIOD-END>                                            DEC-31-1997		
<INVESTMENTS-AT-COST>                        		231,820,751 
<INVESTMENTS-AT-VALUE>                       		231,820,751 
<RECEIVABLES>                                		    554,131 
<ASSETS-OTHER>                               		     21,560 
<OTHER-ITEMS-ASSETS>                         		          0 
<TOTAL-ASSETS>                               		232,396,442 
<PAYABLE-FOR-SECURITIES>                     		          0 
<SENIOR-LONG-TERM-DEBT>                      		          0 
<OTHER-ITEMS-LIABILITIES>                    		     83,984 
<TOTAL-LIABILITIES>                                	     83,984 
<SENIOR-EQUITY>                                    		  0 
<PAID-IN-CAPITAL-COMMON>                     		232,312,458 
<SHARES-COMMON-STOCK>                        		          0 
 <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>                                 		223,312,458 
<DIVIDEND-INCOME>                            		          0 
<INTEREST-INCOME>                            		 12,424,923 
<OTHER-INCOME>                               		          0 
<EXPENSES-NET>                               		    626,712 
<NET-INVESTMENT-INCOME>                      		 11,798,211 
<REALIZED-GAINS-CURRENT>                     		    (8,941)
<APPREC-INCREASE-CURRENT>                    		          0 
<NET-CHANGE-FROM-OPS>                        		 11,789,270 
<EQUALIZATION>                               		          0 
<DISTRIBUTIONS-OF-INCOME>                    		          0 
<DISTRIBUTIONS-OF-GAINS>                     		          0 
<DISTRIBUTIONS-OTHER>                        		          0 
<NUMBER-OF-SHARES-SOLD>                      		          0 
<NUMBER-OF-SHARES-REDEEMED>                  		          0 
<SHARES-REINVESTED>                          		          0 
<NET-CHANGE-IN-ASSETS>                       		 47,300,204 
<ACCUMULATED-NII-PRIOR>                      		          0 
<ACCUMULATED-GAINS-PRIOR>                    		          0 
<OVERDISTRIB-NII-PRIOR>                      	           	  0 
<OVERDIST-NET-GAINS-PRIOR>                   		          0
<GROSS-ADVISORY-FEES>                        		    533,205 
<INTEREST-EXPENSE>                           		          0 
<GROSS-EXPENSE>         			             73,507 
<AVERAGE-NET-ASSETS>                         		221,411,707 
<PER-SHARE-NAV-BEGIN>                        		          0 
<PER-SHARE-NII>                              		          0 
<PER-SHARE-GAIN-APPREC>                      		          0 
<PER-SHARE-DIVIDEND>                         		          0 
<PER-SHARE-DISTRIBUTIONS>                    		          0 
<RETURNS-OF-CAPITAL>                         		          0 
<PER-SHARE-NAV-END>                          		          0 
<EXPENSE-RATIO>                              		        .28
<AVG-DEBT-OUTSTANDING>                       		          0 
<AVG-DEBT-PER-SHARE>                         		          0 

</TABLE>

<TABLE> <S> <C>
		
<ARTICLE> 6		
<SERIES>		
   <NUMBER> 2		
   <NAME>     HIGH QUALITY BOND PORTFOLIO
<MULTIPLIER> 1		
       		
<S>                             <C>		
<PERIOD-TYPE>                  12-MOS		
<FISCAL-YEAR-END>                                       DEC-31-1997		
<PERIOD-END>                                            DEC-31-1997		
<INVESTMENTS-AT-COST>                        		215,075,338 
<INVESTMENTS-AT-VALUE>                       		216,200,655 
<RECEIVABLES>                                		  2,069,634 
<ASSETS-OTHER>                               		          0 
<OTHER-ITEMS-ASSETS>                         		          0 
<TOTAL-ASSETS>                               		218,270,289 
<PAYABLE-FOR-SECURITIES>                     		          0 
<SENIOR-LONG-TERM-DEBT>                      		          0 
<OTHER-ITEMS-LIABILITIES>                    		    100,851 
<TOTAL-LIABILITIES>                                	    100,851 
<SENIOR-EQUITY>                                    	          0
<PAID-IN-CAPITAL-COMMON>                     		217,044,121 
<SHARES-COMMON-STOCK>                        		          0 
 <SHARES-COMMON-PRIOR>                         		          0 
<ACCUMULATED-NII-CURRENT>                    		          0 
<OVERDISTRIBUTION-NII>                       		          0 
<ACCUMULATED-NET-GAINS>                      		          0
<OVERDISTRIBUTION-GAINS>                     		          0 
<ACCUM-APPREC-OR-DEPREC>                     		  1,125,317
<NET-ASSETS>                                 		218,169,438 
<DIVIDEND-INCOME>                            		          0 
<INTEREST-INCOME>                            		 13,137,754 
<OTHER-INCOME>                               		          0 
<EXPENSES-NET>                               		     74,998 
<NET-INVESTMENT-INCOME>                      		 12,355,613 
<REALIZED-GAINS-CURRENT>                     		 (2,349,712)
<APPREC-INCREASE-CURRENT>                    		  1,093,124
<NET-CHANGE-FROM-OPS>                        		 11,099,025 
<EQUALIZATION>                               		          0 
<DISTRIBUTIONS-OF-INCOME>                    		          0 
<DISTRIBUTIONS-OF-GAINS>                     		          0 
<DISTRIBUTIONS-OTHER>                        		          0 
<NUMBER-OF-SHARES-SOLD>                      		          0 
<NUMBER-OF-SHARES-REDEEMED>                  		          0 
<SHARES-REINVESTED>                          		          0 
<NET-CHANGE-IN-ASSETS>                       		 20,874,775 
<ACCUMULATED-NII-PRIOR>                      		          0 
<ACCUMULATED-GAINS-PRIOR>                    		          0 
<OVERDISTRIB-NII-PRIOR>                      		          0 
<OVERDIST-NET-GAINS-PRIOR>                   	                  0
<GROSS-ADVISORY-FEES>                        		    707,143 
<INTEREST-EXPENSE>                           		          0 
<GROSS-EXPENSE>                              		    782,141 
<AVERAGE-NET-ASSETS>                         		201,980,811 
<PER-SHARE-NAV-BEGIN>                        		          0 
<PER-SHARE-NII>                              		          0 
<PER-SHARE-GAIN-APPREC>                      		          0 
<PER-SHARE-DIVIDEND>                         		          0 
<PER-SHARE-DISTRIBUTIONS>                    		          0 
<RETURNS-OF-CAPITAL>                         		          0 
<PER-SHARE-NAV-END>                          		          0 
<EXPENSE-RATIO>                              		        .30
<AVG-DEBT-OUTSTANDING>                       		          0 
<AVG-DEBT-PER-SHARE>                         		          0 

</TABLE>

<TABLE> <S> <C>
		
<ARTICLE> 6		
<SERIES>		
   <NUMBER> 3		
   <NAME>     INTERMEDIATE GOVERNMENT BOND
<MULTIPLIER> 1		
       		
<S>                             <C>		
<PERIOD-TYPE>                  12-MOS		
<FISCAL-YEAR-END>                                       DEC-31-1997		
<PERIOD-END>                                            DEC-31-1997		
<INVESTMENTS-AT-COST>                          		137,284,969 
<INVESTMENTS-AT-VALUE>                       		138,361,761 
<RECEIVABLES>                                		  1,345,530 
<ASSETS-OTHER>                               		      2,470 
<OTHER-ITEMS-ASSETS>                         		          0 
<TOTAL-ASSETS>                               		139,709,761 
<PAYABLE-FOR-SECURITIES>                     		          0 
<SENIOR-LONG-TERM-DEBT>                      		          0 
<OTHER-ITEMS-LIABILITIES>                    		 10,523,364 
<TOTAL-LIABILITIES>                                	 10,523,364 
<SENIOR-EQUITY>                                    		  0 
<PAID-IN-CAPITAL-COMMON>                     		128,109,605 
<SHARES-COMMON-STOCK>                        		          0 
 <SHARES-COMMON-PRIOR>                         		          0 
<ACCUMULATED-NII-CURRENT>                    		          0 
<OVERDISTRIBUTION-NII>                       		          0 
<ACCUMULATED-NET-GAINS>                      		          0 
<OVERDISTRIBUTION-GAINS>                     		          0 
<ACCUM-APPREC-OR-DEPREC>                     		  1,076,792
<NET-ASSETS>                                 		129,186,397 
<DIVIDEND-INCOME>                            		          0 
<INTEREST-INCOME>                            		  5,860,944
<OTHER-INCOME>                               		          0 
<EXPENSES-NET>                               		    381,873 
<NET-INVESTMENT-INCOME>                      		  5,479,071 
<REALIZED-GAINS-CURRENT>                     		     43,123 
<APPREC-INCREASE-CURRENT>                    		  1,403,813
<NET-CHANGE-FROM-OPS>                        		  6,926,007 
<EQUALIZATION>                               		          0 
<DISTRIBUTIONS-OF-INCOME>                    		          0 
<DISTRIBUTIONS-OF-GAINS>                     		          0 
<DISTRIBUTIONS-OTHER>                        		          0 
<NUMBER-OF-SHARES-SOLD>                      		          0 
<NUMBER-OF-SHARES-REDEEMED>                  		          0 
<SHARES-REINVESTED>                          		          0 
<NET-CHANGE-IN-ASSETS>                       	         26,126,517
<ACCUMULATED-NII-PRIOR>                      		          0 
<ACCUMULATED-GAINS-PRIOR>                    		          0 
<OVERDISTRIB-NII-PRIOR>                      		          0 
<OVERDIST-NET-GAINS-PRIOR>                   		          0
<GROSS-ADVISORY-FEES>                        		    340,670 
<INTEREST-EXPENSE>                           		          0 
<GROSS-EXPENSE>                              		     56,728 
<AVERAGE-NET-ASSETS>                         		 97,405,778 
<PER-SHARE-NAV-BEGIN>                        		          0 
<PER-SHARE-NII>                              		          0 
<PER-SHARE-GAIN-APPREC>                      		          0 
<PER-SHARE-DIVIDEND>                         		          0 
<PER-SHARE-DISTRIBUTIONS>                    		          0 
<RETURNS-OF-CAPITAL>                         		          0 
<PER-SHARE-NAV-END>                          		          0 
<EXPENSE-RATIO>                              		        .30
<AVG-DEBT-OUTSTANDING>                       		          0 
<AVG-DEBT-PER-SHARE>                         		          0 

</TABLE>

<TABLE> <S> <C>
		
<ARTICLE> 6		
<SERIES>		
   <NUMBER> 4		
   <NAME>   GOVERNMENT-CORPORATE BOND PORTFOLIO
<MULTIPLIER> 1		
       		
<S>                             <C>		
<PERIOD-TYPE>                  12-MOS		
<FISCAL-YEAR-END>                                       DEC-31-1997		
<PERIOD-END>                                            DEC-31-1997		
<INVESTMENTS-AT-COST>                        		347,640,619 
<INVESTMENTS-AT-VALUE>                       		358,428,670 
<RECEIVABLES>                                		  5,381,818 
<ASSETS-OTHER>                               		      1,540 
<OTHER-ITEMS-ASSETS>                         		          0 
<TOTAL-ASSETS>                               		363,812,028 
<PAYABLE-FOR-SECURITIES>                     		          0 
<SENIOR-LONG-TERM-DEBT>                      		          0 
<OTHER-ITEMS-LIABILITIES>                    		  2,179,143 
<TOTAL-LIABILITIES>                                	  2,179,143 
<SENIOR-EQUITY>                                    		  0 
<PAID-IN-CAPITAL-COMMON>                     		350,844,834 
<SHARES-COMMON-STOCK>                        		          0 
 <SHARES-COMMON-PRIOR>                         		          0 
<ACCUMULATED-NII-CURRENT>                    		          0 
<OVERDISTRIBUTION-NII>                       		          0 
<ACCUMULATED-NET-GAINS>                      		          0 
<OVERDISTRIBUTION-GAINS>                     		          0 
<ACCUM-APPREC-OR-DEPREC>                     		 10,788,051 
<NET-ASSETS>                                 		361,632,885
<DIVIDEND-INCOME>                            		          0 
<INTEREST-INCOME>                            		 23,025,657 
<OTHER-INCOME>                               		          0 
<EXPENSES-NET>                               		  1,278,424 
<NET-INVESTMENT-INCOME>                      		 21,747,233 
<REALIZED-GAINS-CURRENT>                     		    747,528 
<APPREC-INCREASE-CURRENT>                    		  5,790,454
<NET-CHANGE-FROM-OPS>                        		 28,285,215 
<EQUALIZATION>                               		          0 
<DISTRIBUTIONS-OF-INCOME>                    		          0 
<DISTRIBUTIONS-OF-GAINS>                     		          0 
<DISTRIBUTIONS-OTHER>                        		          0 
<NUMBER-OF-SHARES-SOLD>                      		          0 
<NUMBER-OF-SHARES-REDEEMED>                  		          0 
<SHARES-REINVESTED>                          		          0 
<NET-CHANGE-IN-ASSETS>                       		 38,956,868
<ACCUMULATED-NII-PRIOR>                      		          0 
<ACCUMULATED-GAINS-PRIOR>                    		          0 
<OVERDISTRIB-NII-PRIOR>                      		          0 
<OVERDIST-NET-GAINS-PRIOR>                   		          0
<GROSS-ADVISORY-FEES>                        		  1,174,374 
<INTEREST-EXPENSE>                           		          0 
<GROSS-EXPENSE>                              		    104,050 
<AVERAGE-NET-ASSETS>                         		335,010,704 
<PER-SHARE-NAV-BEGIN>                        		          0 
<PER-SHARE-NII>                              		          0 
<PER-SHARE-GAIN-APPREC>                      		          0 
<PER-SHARE-DIVIDEND>                         		          0 
<PER-SHARE-DISTRIBUTIONS>                    		          0 
<RETURNS-OF-CAPITAL>                         		          0 
<PER-SHARE-NAV-END>                          		          0 
<EXPENSE-RATIO>                              		        .30
<AVG-DEBT-OUTSTANDING>                       		          0 
<AVG-DEBT-PER-SHARE>                         		          0 

</TABLE>

<TABLE> <S> <C>
		
<ARTICLE> 6		
<SERIES>		
   <NUMBER> 5		
   <NAME>    BALANCED PORTFOLIO
<MULTIPLIER> 1		
       		
<S>                             <C>		
<PERIOD-TYPE>                  12-MOS		
<FISCAL-YEAR-END>                                       DEC-31-1997		
<PERIOD-END>                                            DEC-31-1997		
<INVESTMENTS-AT-COST>                        		519,240,006 
<INVESTMENTS-AT-VALUE>                       		539,284,731 
<RECEIVABLES>                                		  4,513,431 
<ASSETS-OTHER>                               		          0 
<OTHER-ITEMS-ASSETS>                         		          0 
<TOTAL-ASSETS>                               		543,798,162 
<PAYABLE-FOR-SECURITIES>                     		    396,940 
<SENIOR-LONG-TERM-DEBT>                      		          0 
<OTHER-ITEMS-LIABILITIES>                    		148,631,309 
<TOTAL-LIABILITIES>                                	149,028,249 
<SENIOR-EQUITY>                                    		  0 
<PAID-IN-CAPITAL-COMMON>                     		374,725,188 
<SHARES-COMMON-STOCK>                        		          0 
 <SHARES-COMMON-PRIOR>                         		          0 
<ACCUMULATED-NII-CURRENT>                    		          0 
<OVERDISTRIBUTION-NII>                       		          0 
<ACCUMULATED-NET-GAINS>                      		          0 
<OVERDISTRIBUTION-GAINS>                     		          0 
<ACCUM-APPREC-OR-DEPREC>                     		 20,044,725 
<NET-ASSETS>                                 		394,769,913 
<DIVIDEND-INCOME>                            		  2,816,529 
<INTEREST-INCOME>                            		 11,074,669 
<OTHER-INCOME>                               		     (4,815) 
<EXPENSES-NET>                               		  1,652,989 
<NET-INVESTMENT-INCOME>                      		 12,233,394 
<REALIZED-GAINS-CURRENT>                     		 44,754,963 
<APPREC-INCREASE-CURRENT>                    		  1,725,897 
<NET-CHANGE-FROM-OPS>                        		 58,714,254 
<EQUALIZATION>                               		          0 
<DISTRIBUTIONS-OF-INCOME>                    		          0 
<DISTRIBUTIONS-OF-GAINS>                     		          0 
<DISTRIBUTIONS-OTHER>                        		          0 
<NUMBER-OF-SHARES-SOLD>                      		          0 
<NUMBER-OF-SHARES-REDEEMED>                  		          0 
<SHARES-REINVESTED>                          		          0 
<NET-CHANGE-IN-ASSETS>                       		129,860,074 
<ACCUMULATED-NII-PRIOR>                      		          0 
<ACCUMULATED-GAINS-PRIOR>                    		          0 
<OVERDISTRIB-NII-PRIOR>                      		          0 
<OVERDIST-NET-GAINS-PRIOR>                   		          0
<GROSS-ADVISORY-FEES>                        		  1,547,690 
<INTEREST-EXPENSE>                           		          0 
<GROSS-EXPENSE>                              		    105,299 
<AVERAGE-NET-ASSETS>                         		344,184,433 
<PER-SHARE-NAV-BEGIN>                        		          0 
<PER-SHARE-NII>                              		          0 
<PER-SHARE-GAIN-APPREC>                      		          0 
<PER-SHARE-DIVIDEND>                         		          0 
<PER-SHARE-DISTRIBUTIONS>                    		          0 
<RETURNS-OF-CAPITAL>                         		          0 
<PER-SHARE-NAV-END>                          		          0 
<EXPENSE-RATIO>                              		        .39
<AVG-DEBT-OUTSTANDING>                       		          0 
<AVG-DEBT-PER-SHARE>                         		          0 

</TABLE>

<TABLE> <S> <C>
		
<ARTICLE> 6		
<SERIES>		
   <NUMBER> 6		
   <NAME>     EQUITY INCOME PORTFOLIO
<MULTIPLIER> 1		
       		
<S>                             <C>		
<PERIOD-TYPE>                  12-MOS		
<FISCAL-YEAR-END>                                         DEC-31-1997		
<PERIOD-END>                                              DEC-31-1997		
<INVESTMENTS-AT-COST>                        		  904,107,201 
<INVESTMENTS-AT-VALUE>                       		1,278,052,081 
<RECEIVABLES>                                		    2,340,823
<ASSETS-OTHER>                               		        5,922 
<OTHER-ITEMS-ASSETS>                         		            0 
<TOTAL-ASSETS>                               		1,280,398,826 
<PAYABLE-FOR-SECURITIES>                     		            0 
<SENIOR-LONG-TERM-DEBT>                      		            0 
<OTHER-ITEMS-LIABILITIES>                    		   65,327,657 
<TOTAL-LIABILITIES>                                        65,327,657 
<SENIOR-EQUITY>                                    		    0 
<PAID-IN-CAPITAL-COMMON>                      		  841,126,289
<SHARES-COMMON-STOCK>                        		            0 
 <SHARES-COMMON-PRIOR>                         		            0 
<ACCUMULATED-NII-CURRENT>                    		            0 
<OVERDISTRIBUTION-NII>                       		            0 
<ACCUMULATED-NET-GAINS>                      		            0 
<OVERDISTRIBUTION-GAINS>                     		            0 
<ACCUM-APPREC-OR-DEPREC>                     		  373,944,880 
<NET-ASSETS>                                 		1,215,071,169 
<DIVIDEND-INCOME>                            		   26,727,291
<INTEREST-INCOME>                            		    3,484,499 
<OTHER-INCOME>                               		     (54,612)
<EXPENSES-NET>                               		    5,193,107 
<NET-INVESTMENT-INCOME>                      		   24,964,071
<REALIZED-GAINS-CURRENT>                     		  112,649,761 
<APPREC-INCREASE-CURRENT>                    		  145,312,803 
<NET-CHANGE-FROM-OPS>                        		  282,926,635 
<EQUALIZATION>                               		            0 
<DISTRIBUTIONS-OF-INCOME>                    		            0 
<DISTRIBUTIONS-OF-GAINS>                     		            0 
<DISTRIBUTIONS-OTHER>                        		            0 
<NUMBER-OF-SHARES-SOLD>                      		            0 
<NUMBER-OF-SHARES-REDEEMED>                  		            0 
<SHARES-REINVESTED>                          		            0 
<NET-CHANGE-IN-ASSETS>                       		  258,250,500 
<ACCUMULATED-NII-PRIOR>                      		            0 
<ACCUMULATED-GAINS-PRIOR>                    		            0 
<OVERDISTRIB-NII-PRIOR>                      		            0 
<OVERDIST-NET-GAINS-PRIOR>                   		            0
<GROSS-ADVISORY-FEES>                        		    4,950,239 
<INTEREST-EXPENSE>                           		            0 
<GROSS-EXPENSE>                              		      242,868 
<AVERAGE-NET-ASSETS>                         		1,100,160,953 
<PER-SHARE-NAV-BEGIN>                        		            0 
<PER-SHARE-NII>                              		            0 
<PER-SHARE-GAIN-APPREC>                      		            0 
<PER-SHARE-DIVIDEND>                         		            0 
<PER-SHARE-DISTRIBUTIONS>                    		            0 
<RETURNS-OF-CAPITAL>                         		            0 
<PER-SHARE-NAV-END>                          		            0 
<EXPENSE-RATIO>                              		          .40
<AVG-DEBT-OUTSTANDING>                       		            0 
<AVG-DEBT-PER-SHARE>                         		            0 

</TABLE>

<TABLE> <S> <C>
		
<ARTICLE> 6		
<SERIES>		
   <NUMBER> 7		
   <NAME>     GROWTH & INCOME PORTFOLIO
<MULTIPLIER> 1		
       		
<S>                             <C>		
<PERIOD-TYPE>                  12-MOS		
<FISCAL-YEAR-END>                                       DEC-31-1997		
<PERIOD-END>                                            DEC-31-1997		
<INVESTMENTS-AT-COST>                        		340,473,543 
<INVESTMENTS-AT-VALUE>                       		409,228,146 
<RECEIVABLES>                                		  3,872,290 
<ASSETS-OTHER>                               		          0 
<OTHER-ITEMS-ASSETS>                         		          0 
<TOTAL-ASSETS>                               		413,100,436 
<PAYABLE-FOR-SECURITIES>                     		  7,071,880 
<SENIOR-LONG-TERM-DEBT>                      		          0 
<OTHER-ITEMS-LIABILITIES>                    		 29,768,148 
<TOTAL-LIABILITIES>                                	 36,840,028 
<SENIOR-EQUITY>                                    		  0 
<PAID-IN-CAPITAL-COMMON>                     		307,505,805 
<SHARES-COMMON-STOCK>                        		          0 
 <SHARES-COMMON-PRIOR>                         		          0 
<ACCUMULATED-NII-CURRENT>                    		          0 
<OVERDISTRIBUTION-NII>                       		          0 
<ACCUMULATED-NET-GAINS>                      		          0 
<OVERDISTRIBUTION-GAINS>                     		          0 
<ACCUM-APPREC-OR-DEPREC>                     		 68,754,603 
<NET-ASSETS>                                 		376,260,408 
<DIVIDEND-INCOME>                            		  2,946,154 
<INTEREST-INCOME>                            		    653,364 
<OTHER-INCOME>                               		    (5,745)
<EXPENSES-NET>                               		  1,781,552 
<NET-INVESTMENT-INCOME>                      		  1,812,221 
<REALIZED-GAINS-CURRENT>                     		 30,338,224 
<APPREC-INCREASE-CURRENT>                    		 46,717,933 
<NET-CHANGE-FROM-OPS>                        		 78,868,378 
<EQUALIZATION>                               		          0 
<DISTRIBUTIONS-OF-INCOME>                    		          0 
<DISTRIBUTIONS-OF-GAINS>                     		          0 
<DISTRIBUTIONS-OTHER>                        		          0 
<NUMBER-OF-SHARES-SOLD>                      		          0 
<NUMBER-OF-SHARES-REDEEMED>                  		          0 
<SHARES-REINVESTED>                          		          0 
<NET-CHANGE-IN-ASSETS>                       		168,647,982 
<ACCUMULATED-NII-PRIOR>                      		          0 
<ACCUMULATED-GAINS-PRIOR>                    		          0 
<OVERDISTRIB-NII-PRIOR>                      		          0 
<OVERDIST-NET-GAINS-PRIOR>                   		          0
<GROSS-ADVISORY-FEES>                        		  1,679,535
<INTEREST-EXPENSE>                           		          0 
<GROSS-EXPENSE>                              		    102,017 
<AVERAGE-NET-ASSETS>                         		280,384,526 
<PER-SHARE-NAV-BEGIN>                        		          0 
<PER-SHARE-NII>                              		          0 
<PER-SHARE-GAIN-APPREC>                      		          0 
<PER-SHARE-DIVIDEND>                         		          0 
<PER-SHARE-DISTRIBUTIONS>                    		          0 
<RETURNS-OF-CAPITAL>                         		          0 
<PER-SHARE-NAV-END>                          		          0 
<EXPENSE-RATIO>                              		        .40
<AVG-DEBT-OUTSTANDING>                       		          0 
<AVG-DEBT-PER-SHARE>                         		          0 

</TABLE>

<TABLE> <S> <C>
		
<ARTICLE> 6		
<SERIES>		
   <NUMBER> 8		
   <NAME> 		EQUITY GROWTH PORTFOLIO
<MULTIPLIER> 1		
       		
<S>                             <C>		
<PERIOD-TYPE>                  12-MOS		
<FISCAL-YEAR-END>                                       DEC-31-1997		
<PERIOD-END>                                            DEC-31-1997		
<INVESTMENTS-AT-COST>                        		382,816,316 
<INVESTMENTS-AT-VALUE>                       		461,496,638 
<RECEIVABLES>                                		  3,809,860 
<ASSETS-OTHER>                               		          0 
<OTHER-ITEMS-ASSETS>                         		          0 
<TOTAL-ASSETS>                               		465,306,498 
<PAYABLE-FOR-SECURITIES>                     		  2,714,882
<SENIOR-LONG-TERM-DEBT>                      		          0 
<OTHER-ITEMS-LIABILITIES>                    		 36,279,428 
<TOTAL-LIABILITIES>                                	 38,994,310 
<SENIOR-EQUITY>                                    		  0 
<PAID-IN-CAPITAL-COMMON>                     		347,631,866 
<SHARES-COMMON-STOCK>                        		          0 
 <SHARES-COMMON-PRIOR>                         		          0 
<ACCUMULATED-NII-CURRENT>                    		          0 
<OVERDISTRIBUTION-NII>                       		          0 
<ACCUMULATED-NET-GAINS>                      		          0 
<OVERDISTRIBUTION-GAINS>                     		          0  
<ACCUM-APPREC-OR-DEPREC>                     		 73,680,322
<NET-ASSETS>                                 		426,312,188 
<DIVIDEND-INCOME>                            	          3,590,774 
<INTEREST-INCOME>                            		    599,436 
<OTHER-INCOME>                               		          0 
<EXPENSES-NET>                               		  2,505,625 
<NET-INVESTMENT-INCOME>                      		  1,684,585 
<REALIZED-GAINS-CURRENT>                     		 24,114,431
<APPREC-INCREASE-CURRENT>                    		 64,960,988 
<NET-CHANGE-FROM-OPS>                        		 90,760,004 
<EQUALIZATION>                               		          0 
<DISTRIBUTIONS-OF-INCOME>                    		          0 
<DISTRIBUTIONS-OF-GAINS>                     		          0 
<DISTRIBUTIONS-OTHER>                        		          0 
<NUMBER-OF-SHARES-SOLD>                      		          0 
<NUMBER-OF-SHARES-REDEEMED>                  		          0 
<SHARES-REINVESTED>                          		          0 
<NET-CHANGE-IN-ASSETS>                       		127,184,502 
<ACCUMULATED-NII-PRIOR>                      		          0 
<ACCUMULATED-GAINS-PRIOR>                    		          0 
<OVERDISTRIB-NII-PRIOR>                      		          0 
<OVERDIST-NET-GAINS-PRIOR>                   		          0
<GROSS-ADVISORY-FEES>                        		  2,405,212 
<INTEREST-EXPENSE>                           		          0 
<GROSS-EXPENSE>                              		    100,413 
<AVERAGE-NET-ASSETS>                         		388,285,823 
<PER-SHARE-NAV-BEGIN>                        		          0 
<PER-SHARE-NII>                              		          0 
<PER-SHARE-GAIN-APPREC>                      		          0 
<PER-SHARE-DIVIDEND>                         		          0 
<PER-SHARE-DISTRIBUTIONS>                    		          0 
<RETURNS-OF-CAPITAL>                         		          0 
<PER-SHARE-NAV-END>                          		          0 
<EXPENSE-RATIO>                              		        .39
<AVG-DEBT-OUTSTANDING>                       		          0 
<AVG-DEBT-PER-SHARE>                         		          0 

</TABLE>

<TABLE> <S> <C>
		
<ARTICLE> 6		
<SERIES>		
   <NUMBER> 9		
   <NAME>    SPECIAL EQUITY PORTFOLIO
<MULTIPLIER> 1		
       		
<S>                             <C>		
<PERIOD-TYPE>                  12-MOS		
<FISCAL-YEAR-END>                                       DEC-31-1997		
<PERIOD-END>                                            DEC-31-1997		
<INVESTMENTS-AT-COST>                        		709,556,795 
<INVESTMENTS-AT-VALUE>                       		857,116,157 
<RECEIVABLES>                                		  5,764,475 
<ASSETS-OTHER>                               		          0 
<OTHER-ITEMS-ASSETS>                         		          0 
<TOTAL-ASSETS>                               		862,880,632 
<PAYABLE-FOR-SECURITIES>                     	          6,249,742 
<SENIOR-LONG-TERM-DEBT>                      		          0 
<OTHER-ITEMS-LIABILITIES>                    		113,242,629 
<TOTAL-LIABILITIES>                                	119,492,371 
<SENIOR-EQUITY>                                    		  0 
<PAID-IN-CAPITAL-COMMON>                     		595,828,899 
<SHARES-COMMON-STOCK>                        		          0 
 <SHARES-COMMON-PRIOR>                         		          0 
<ACCUMULATED-NII-CURRENT>                    		          0 
<OVERDISTRIBUTION-NII>                       		          0 
<ACCUMULATED-NET-GAINS>                      		          0 
<OVERDISTRIBUTION-GAINS>                     		          0 
<ACCUM-APPREC-OR-DEPREC>                     		147,559,362 
<NET-ASSETS>                                 		743,388,261 
<DIVIDEND-INCOME>                            		  5,129,430 
<INTEREST-INCOME>                            		  2,682,418 
<OTHER-INCOME>                               		   (19,304) 
<EXPENSES-NET>                               		  5,218,552 
<NET-INVESTMENT-INCOME>                      		  2,573,992 
<REALIZED-GAINS-CURRENT>                     		 73,438,581 
<APPREC-INCREASE-CURRENT>                    		 69,900,579 
<NET-CHANGE-FROM-OPS>                        		145,913,152 
<EQUALIZATION>                               		          0 
<DISTRIBUTIONS-OF-INCOME>                    		          0 
<DISTRIBUTIONS-OF-GAINS>                     		          0 
<DISTRIBUTIONS-OTHER>                        		          0 
<NUMBER-OF-SHARES-SOLD>                      		          0 
<NUMBER-OF-SHARES-REDEEMED>                  		          0 
<SHARES-REINVESTED>                          		          0 
<NET-CHANGE-IN-ASSETS>                       		236,124,018 
<ACCUMULATED-NII-PRIOR>                      		          0 
<ACCUMULATED-GAINS-PRIOR>                    		          0 
<OVERDISTRIB-NII-PRIOR>                      		          0 
<OVERDIST-NET-GAINS-PRIOR>                   		          0
<GROSS-ADVISORY-FEES>                        		  4,986,640 
<INTEREST-EXPENSE>                           		          0 
<GROSS-EXPENSE>                              		    231,912 
<AVERAGE-NET-ASSETS>                         		623,976,928 
<PER-SHARE-NAV-BEGIN>                        		          0 
<PER-SHARE-NII>                              		          0 
<PER-SHARE-GAIN-APPREC>                      		          0 
<PER-SHARE-DIVIDEND>                         		          0 
<PER-SHARE-DISTRIBUTIONS>                    		          0 
<RETURNS-OF-CAPITAL>                         		          0 
<PER-SHARE-NAV-END>                          		          0 
<EXPENSE-RATIO>                              		        .40
<AVG-DEBT-OUTSTANDING>                       		          0 
<AVG-DEBT-PER-SHARE>                         		          0 

</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.

<TABLE> <S> <C>
		
<ARTICLE> 6		
<SERIES>		
   <NUMBER> 10		
   <NAME>     HIGH YEILD BOND PORTFOLIO
<MULTIPLIER> 1		
       		
<S>                             <C>		
<PERIOD-TYPE>                  12-MOS		
<FISCAL-YEAR-END>                                      DEC-31-1997		
<PERIOD-END>                                           DEC-31-1997		
<INVESTMENTS-AT-COST>                        		38,027,452 
<INVESTMENTS-AT-VALUE>                       		38,836,418 
<RECEIVABLES>                                		   910.121 
<ASSETS-OTHER>                               		         0 
<OTHER-ITEMS-ASSETS>                         		         0 
<TOTAL-ASSETS>                               		39,746,539 
<PAYABLE-FOR-SECURITIES>                     		         0 
<SENIOR-LONG-TERM-DEBT>                      		         0 
<OTHER-ITEMS-LIABILITIES>                    		    46,408
<TOTAL-LIABILITIES>                                	    46,408
<SENIOR-EQUITY>                                    		 0 
<PAID-IN-CAPITAL-COMMON>                     		38,891,165 
<SHARES-COMMON-STOCK>                        		         0 
 <SHARES-COMMON-PRIOR>                         		         0 
<ACCUMULATED-NII-CURRENT>                    		         0 
<OVERDISTRIBUTION-NII>                       		         0 
<ACCUMULATED-NET-GAINS>                      		         0 
<OVERDISTRIBUTION-GAINS>                     		         0 
<ACCUM-APPREC-OR-DEPREC>                     		   808,966 
<NET-ASSETS>                                 		39,700,131 
<DIVIDEND-INCOME>                            		         0 
<INTEREST-INCOME>                            		 3,056,638 
<OTHER-INCOME>                               		         0 
<EXPENSES-NET>                               		   199,381 
<NET-INVESTMENT-INCOME>                      		 2,857,257 
<REALIZED-GAINS-CURRENT>                     		   751,900 
<APPREC-INCREASE-CURRENT>                    		   436,636 
<NET-CHANGE-FROM-OPS>                        		 4,045,793 
<EQUALIZATION>                               		         0 
<DISTRIBUTIONS-OF-INCOME>                    		         0 
<DISTRIBUTIONS-OF-GAINS>                     		         0 
<DISTRIBUTIONS-OTHER>                        		         0 
<NUMBER-OF-SHARES-SOLD>                      		         0 
<NUMBER-OF-SHARES-REDEEMED>                  		         0  
<SHARES-REINVESTED>                          		         0 
<NET-CHANGE-IN-ASSETS>                       		24,327,445 
<ACCUMULATED-NII-PRIOR>                      		         0 
<ACCUMULATED-GAINS-PRIOR>                    		         0 
<OVERDISTRIB-NII-PRIOR>                      		         0 
<OVERDIST-NET-GAINS-PRIOR>                   		         0
<GROSS-ADVISORY-FEES>                        		   182,367 
<INTEREST-EXPENSE>                           		         0 
<GROSS-EXPENSE>                              		    63,960 
<AVERAGE-NET-ASSETS>                         		33,224,243 
<PER-SHARE-NAV-BEGIN>                        		         0 
<PER-SHARE-NII>                              		         0 
<PER-SHARE-GAIN-APPREC>                      		         0 
<PER-SHARE-DIVIDEND>                         		         0 
<PER-SHARE-DISTRIBUTIONS>                    		         0 
<RETURNS-OF-CAPITAL>                         		         0 
<PER-SHARE-NAV-END>                          		         0 
<EXPENSE-RATIO>                              		       .40
<AVG-DEBT-OUTSTANDING>                       		         0 
<AVG-DEBT-PER-SHARE>                         		         0 

</TABLE>

<TABLE> <S> <C>
		
<ARTICLE> 6		
<SERIES>		
   <NUMBER> 11		
   <NAME>     INTERNATIONAL EQUITY PORTFOLIO
<MULTIPLIER> 1		
       		
<S>                             <C>		
<PERIOD-TYPE>                  12-MOS		
<FISCAL-YEAR-END>                                       DEC-31-1997		
<PERIOD-END>                                            DEC-31-1997		
<INVESTMENTS-AT-COST>                        		204,536,410 
<INVESTMENTS-AT-VALUE>                       		218,440,707 
<RECEIVABLES>                                		  2,655,283 
<ASSETS-OTHER>                               		          0 
<OTHER-ITEMS-ASSETS>                         		          0
<TOTAL-ASSETS>                               		221,095,990 
<PAYABLE-FOR-SECURITIES>                     		    733,842 
<SENIOR-LONG-TERM-DEBT>                      		          0 
<OTHER-ITEMS-LIABILITIES>                    		 15,056,080 
<TOTAL-LIABILITIES>                                	 15,789,922 
<SENIOR-EQUITY>                                    		  0 
<PAID-IN-CAPITAL-COMMON>                     		189,758,389 
<SHARES-COMMON-STOCK>                        		          0 
 <SHARES-COMMON-PRIOR>                         		          0 
<ACCUMULATED-NII-CURRENT>                    		          0 
<OVERDISTRIBUTION-NII>                       		          0 
<ACCUMULATED-NET-GAINS>                      		          0 
<OVERDISTRIBUTION-GAINS>                     		          0 
<ACCUM-APPREC-OR-DEPREC>                     		 13,904,297 
<NET-ASSETS>                                 		205,306,068 
<DIVIDEND-INCOME>                            		  3,180,167 
<INTEREST-INCOME>                            		    588,982 
<OTHER-INCOME>                               		  (351,430)
<EXPENSES-NET>                               		  1,668,865 
<NET-INVESTMENT-INCOME>                      		  1,748,854 
<REALIZED-GAINS-CURRENT>                     		  8,241,798 
<APPREC-INCREASE-CURRENT>                    		  3,125,854 
<NET-CHANGE-FROM-OPS>                        		 13,116,506 
<EQUALIZATION>                               		          0 
<DISTRIBUTIONS-OF-INCOME>                    		          0 
<DISTRIBUTIONS-OF-GAINS>                     		          0 
<DISTRIBUTIONS-OTHER>                        		          0 
<NUMBER-OF-SHARES-SOLD>                      		          0  
<NUMBER-OF-SHARES-REDEEMED>                  		          0 
<SHARES-REINVESTED>                          		          0 
<NET-CHANGE-IN-ASSETS>                       		 57,121,171 
<ACCUMULATED-NII-PRIOR>                      		          0 
<ACCUMULATED-GAINS-PRIOR>                    		          0 
<OVERDISTRIB-NII-PRIOR>                      		          0 
<OVERDIST-NET-GAINS-PRIOR>                   		          0
<GROSS-ADVISORY-FEES>                        		  1,434,770 
<INTEREST-EXPENSE>                           		          0 
<GROSS-EXPENSE>                              		    250,494 
<AVERAGE-NET-ASSETS>                         		191,459,215 
<PER-SHARE-NAV-BEGIN>                        		          0 
<PER-SHARE-NII>                              		          0 
<PER-SHARE-GAIN-APPREC>                      		          0 
<PER-SHARE-DIVIDEND>                         		          0 
<PER-SHARE-DISTRIBUTIONS>                    		          0 
<RETURNS-OF-CAPITAL>                         		          0 
<PER-SHARE-NAV-END>                          		          0 
<EXPENSE-RATIO>                              		        .38
<AVG-DEBT-OUTSTANDING>                       		          0 
<AVG-DEBT-PER-SHARE>                         		          0 

</TABLE>

<TABLE> <S> <C>
		
<ARTICLE> 6		
<SERIES>		
   <NUMBER> 12		
   <NAME>    AGGRESSIVE EQUITY PORTFOLIO
<MULTIPLIER> 1		
       		
<S>                             <C>		
<PERIOD-TYPE>                  12-MOS		
<FISCAL-YEAR-END>                                      DEC-31-1997		
<PERIOD-END>                                           DEC-31-1997		
<INVESTMENTS-AT-COST>                        		24,443,062 
<INVESTMENTS-AT-VALUE>                       		26,436,836 
<RECEIVABLES>                                		    12,885 
<ASSETS-OTHER>                               		         0 
<OTHER-ITEMS-ASSETS>                         		         0 
<TOTAL-ASSETS>                               		26,449,721 
<PAYABLE-FOR-SECURITIES>                     		   530,002 
<SENIOR-LONG-TERM-DEBT>                      		         0 
<OTHER-ITEMS-LIABILITIES>                    		    62,069 
<TOTAL-LIABILITIES>                                	   592,071 
<SENIOR-EQUITY>                                    		 0 
<PAID-IN-CAPITAL-COMMON>                     		23,863,876 
<SHARES-COMMON-STOCK>                        		         0 
 <SHARES-COMMON-PRIOR>                         		         0 
<ACCUMULATED-NII-CURRENT>                    		         0
<OVERDISTRIBUTION-NII>                       		         0 
<ACCUMULATED-NET-GAINS>                      		         0
<OVERDISTRIBUTION-GAINS>                     		         0 
<ACCUM-APPREC-OR-DEPREC>                     		 1,993,774 
<NET-ASSETS>                                 		25,857,650 
<DIVIDEND-INCOME>                            		    45,708 
<INTEREST-INCOME>                            		   106,664 
<OTHER-INCOME>                               		       (92) 
<EXPENSES-NET>                               		   188,952 
<NET-INVESTMENT-INCOME>                      		   (36,672)
<REALIZED-GAINS-CURRENT>                     		(1,923,753)
<APPREC-INCREASE-CURRENT>                    		 1,758,315 
<NET-CHANGE-FROM-OPS>                        		  (202,110) 
<EQUALIZATION>                               		          0 
<DISTRIBUTIONS-OF-INCOME>                    		          0 
<DISTRIBUTIONS-OF-GAINS>                     		          0 
<DISTRIBUTIONS-OTHER>                        		          0 
<NUMBER-OF-SHARES-SOLD>                      		          0 
<NUMBER-OF-SHARES-REDEEMED>                  		          0 
<SHARES-REINVESTED>                          		          0 
<NET-CHANGE-IN-ASSETS>                       		 10,378,520 
<ACCUMULATED-NII-PRIOR>                      		          0 
<ACCUMULATED-GAINS-PRIOR>                    		          0 
<OVERDISTRIB-NII-PRIOR>                      		          0 
<OVERDIST-NET-GAINS-PRIOR>                   	                  0	
<GROSS-ADVISORY-FEES>                        		    182,991 
<INTEREST-EXPENSE>                           		          0 
<GROSS-EXPENSE>                              		     67,538 
<AVERAGE-NET-ASSETS>                         		 18,893,543 
<PER-SHARE-NAV-BEGIN>                        		          0 
<PER-SHARE-NII>                              		          0 
<PER-SHARE-GAIN-APPREC>                      		          0 
<PER-SHARE-DIVIDEND>                         		          0 
<PER-SHARE-DISTRIBUTIONS>                    		          0 
<RETURNS-OF-CAPITAL>                         		          0 
<PER-SHARE-NAV-END>                          		          0 
<EXPENSE-RATIO>                              		        .40
<AVG-DEBT-OUTSTANDING>                       		          0 
<AVG-DEBT-PER-SHARE>                         		          0 

</TABLE>

<TABLE> <S> <C>
		
<ARTICLE> 6		
<SERIES>		
   <NUMBER> 13		
   <NAME>     EQUITY VALUE PORTFOLIO
<MULTIPLIER> 1		
       		
<S>                             <C>		
<PERIOD-TYPE>                  12-MOS		
<FISCAL-YEAR-END>                                       DEC-31-1997		
<PERIOD-END>                                            DEC-31-1997		
<INVESTMENTS-AT-COST>                        		236,209,630 
<INVESTMENTS-AT-VALUE>                       		241,863,956 
<RECEIVABLES>                                		  1,745,202 
<ASSETS-OTHER>                               		          0 
<OTHER-ITEMS-ASSETS>                         		          0 
<TOTAL-ASSETS>                               		243,609,158 
<PAYABLE-FOR-SECURITIES>                     		    936,422 
<SENIOR-LONG-TERM-DEBT>                      		          0  
<OTHER-ITEMS-LIABILITIES>                    		  7,689,021 
<TOTAL-LIABILITIES>                                	  8,625,443 
<SENIOR-EQUITY>                                    		  0 
<PAID-IN-CAPITAL-COMMON>                     		229,329,389 
<SHARES-COMMON-STOCK>                        		          0 
 <SHARES-COMMON-PRIOR>                         		          0 
<ACCUMULATED-NII-CURRENT>                    		          0 
<OVERDISTRIBUTION-NII>                       		          0 
<ACCUMULATED-NET-GAINS>                      		          0 
<OVERDISTRIBUTION-GAINS>                     		          0 
<ACCUM-APPREC-OR-DEPREC>                     		  5,654,326 
<NET-ASSETS>                                 		234,983,715 
<DIVIDEND-INCOME>                            		  2,767,553 
<INTEREST-INCOME>                            		    432,832 
<OTHER-INCOME>                               		          0 
<EXPENSES-NET>                               		    924,749 
<NET-INVESTMENT-INCOME>                      		  2,275,636 
<REALIZED-GAINS-CURRENT>                     		 20,127,411 
<APPREC-INCREASE-CURRENT>                    		  4,086,494 
<NET-CHANGE-FROM-OPS>                        		 26,489,541
<EQUALIZATION>                               		          0 
<DISTRIBUTIONS-OF-INCOME>                    		          0 
<DISTRIBUTIONS-OF-GAINS>                     		          0 
<DISTRIBUTIONS-OTHER>                        		          0 
<NUMBER-OF-SHARES-SOLD>                      		          0 
<NUMBER-OF-SHARES-REDEEMED>                  		          0 
<SHARES-REINVESTED>                          		          0 
<NET-CHANGE-IN-ASSETS>                       		205,950,202 
<ACCUMULATED-NII-PRIOR>                      		          0 
<ACCUMULATED-GAINS-PRIOR>                    		          0 
<OVERDISTRIB-NII-PRIOR>                      		          0 
<OVERDIST-NET-GAINS-PRIOR>                   		          0
<GROSS-ADVISORY-FEES>                        		    882,508 
<INTEREST-EXPENSE>                           		          0 
<GROSS-EXPENSE>                              		     98,285 
<AVERAGE-NET-ASSETS>                         		155,390,281 
<PER-SHARE-NAV-BEGIN>                        		          0 
<PER-SHARE-NII>                              		          0 
<PER-SHARE-GAIN-APPREC>                      		          0 
<PER-SHARE-DIVIDEND>                         		          0 
<PER-SHARE-DISTRIBUTIONS>                    		          0 
<RETURNS-OF-CAPITAL>                         		          0 
<PER-SHARE-NAV-END>                          		          0 
<EXPENSE-RATIO>                              		        .40
<AVG-DEBT-OUTSTANDING>                       		          0 
<AVG-DEBT-PER-SHARE>                         		          0 


</TABLE>


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