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SIGNATURE MARY JANE MALONEY
TITLE MANAGER
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<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000918266
<NAME> SCHWAB ANNUITY PORTFOLIOS
<SERIES>
<NUMBER> 02
<NAME> SCHWAB MARKET TRACK GROWTH PORTFOLIO II
<MULTIPLIER> 1000
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> DEC-31-1998
<PERIOD-END> JUN-30-1998
<INVESTMENTS-AT-COST> 11593
<INVESTMENTS-AT-VALUE> 13042
<RECEIVABLES> 60
<ASSETS-OTHER> 55
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 13157
<PAYABLE-FOR-SECURITIES> 3
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 29
<TOTAL-LIABILITIES> 32
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 10280
<SHARES-COMMON-STOCK> 924
<SHARES-COMMON-PRIOR> 798
<ACCUMULATED-NII-CURRENT> 233
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 1161
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 1451
<NET-ASSETS> 13125
<DIVIDEND-INCOME> 64
<INTEREST-INCOME> 60
<OTHER-INCOME> 0
<EXPENSES-NET> (40)
<NET-INVESTMENT-INCOME> 84
<REALIZED-GAINS-CURRENT> 923
<APPREC-INCREASE-CURRENT> 48
<NET-CHANGE-FROM-OPS> 1055
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 2308
<NUMBER-OF-SHARES-REDEEMED> (571)
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> 2792
<ACCUMULATED-NII-PRIOR> 150
<ACCUMULATED-GAINS-PRIOR> 237
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 43
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 78
<AVERAGE-NET-ASSETS> 11834
<PER-SHARE-NAV-BEGIN> 12.95
<PER-SHARE-NII> .25
<PER-SHARE-GAIN-APPREC> 1.01
<PER-SHARE-DIVIDEND> 0
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 14.21
<EXPENSE-RATIO> .68
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000918266
<NAME> SCHWAB ANNUITY PORTFOLIOS
<SERIES>
<NUMBER> 03
<NAME> SCHWAB S&P 500 PORTFOLIO
<MULTIPLIER> 1000
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> DEC-31-1998
<PERIOD-END> JUN-30-1998
<INVESTMENTS-AT-COST> 48820
<INVESTMENTS-AT-VALUE> 60423
<RECEIVABLES> 90
<ASSETS-OTHER> 4337
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 64850
<PAYABLE-FOR-SECURITIES> 639
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 2158
<TOTAL-LIABILITIES> 2797
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 49697
<SHARES-COMMON-STOCK> 3793
<SHARES-COMMON-PRIOR> 2658
<ACCUMULATED-NII-CURRENT> 672
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (22)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 11706
<NET-ASSETS> 62053
<DIVIDEND-INCOME> 434
<INTEREST-INCOME> 5
<OTHER-INCOME> 0
<EXPENSES-NET> (70)
<NET-INVESTMENT-INCOME> 369
<REALIZED-GAINS-CURRENT> (34)
<APPREC-INCREASE-CURRENT> 7121
<NET-CHANGE-FROM-OPS> 7456
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 1568
<NUMBER-OF-SHARES-REDEEMED> (433)
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> 24997
<ACCUMULATED-NII-PRIOR> 302
<ACCUMULATED-GAINS-PRIOR> 12
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 88
<INTEREST-EXPENSE> 2
<GROSS-EXPENSE> 152
<AVERAGE-NET-ASSETS> 49129
<PER-SHARE-NAV-BEGIN> 13.94
<PER-SHARE-NII> .07
<PER-SHARE-GAIN-APPREC> 2.35
<PER-SHARE-DIVIDEND> 0
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 16.36
<EXPENSE-RATIO> .29
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
EXHIBIT INDEX
SCHWAB ANNUITY PORTFOLIOS
FORM N-SAR
FILE NUMBER: 811-8314
REGISTRANT CIK NUMBER: 0000918266
EXHIBITS:
EXHIBIT A - Attachement to item 77D(g): Type of Securities in Which a
Fund May Invest
- --------------------------------------------------------------------------
EXHIBIT A
N-SAR
SUB-ITEM 77D(g) Type of Securities in Which A Fund May Invest
With respect to the MarketTrack Growth Portfolio II designated as Series 3
in this N-SAR, a policy permitting this Fund to invest in affiliated
investment companies was implemented. This was pursuant to an Exemptive
Order granted by the SEC (Investment Company Act Rel. No. 21788
(February 27, 1996)).
