WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000918294
<NAME> T. ROWE PRICE EQUITY INCOME PORTFOLIO
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> DEC-31-2000
<PERIOD-END> JUN-30-2000
<INVESTMENTS-AT-COST> 556704
<INVESTMENTS-AT-VALUE> 545639
<RECEIVABLES> 8140
<ASSETS-OTHER> 49
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 553828
<PAYABLE-FOR-SECURITIES> 2126
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 1701
<TOTAL-LIABILITIES> 3827
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 542680
<SHARES-COMMON-STOCK> 31050
<SHARES-COMMON-PRIOR> 31798
<ACCUMULATED-NII-CURRENT> 306
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 18125
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> (11063)
<NET-ASSETS> 550046
<DIVIDEND-INCOME> 7413
<INTEREST-INCOME> 747
<OTHER-INCOME> 0
<EXPENSES-NET> 2348
<NET-INVESTMENT-INCOME> 5812
<REALIZED-GAINS-CURRENT> 18003
<APPREC-INCREASE-CURRENT> (41362)
<NET-CHANGE-FROM-OPS> (17547)
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (5515)
<DISTRIBUTIONS-OF-GAINS> (9407)
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 2811
<NUMBER-OF-SHARES-REDEEMED> (4408)
<SHARES-REINVESTED> 849
<NET-CHANGE-IN-ASSETS> (45387)
<ACCUMULATED-NII-PRIOR> 9
<ACCUMULATED-GAINS-PRIOR> 9529
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 2216
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 2348
<AVERAGE-NET-ASSETS> 555524
<PER-SHARE-NAV-BEGIN> 18.73
<PER-SHARE-NII> 0.19
<PER-SHARE-GAIN-APPREC> (0.71)
<PER-SHARE-DIVIDEND> (0.18)
<PER-SHARE-DISTRIBUTIONS> (0.31)
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 17.72
<EXPENSE-RATIO> .85
</TABLE>
