<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000920843
<NAME> GOVERNMENT INCOME PORTFOLIO
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> DEC-31-2000
<PERIOD-END> JUN-30-2000
<INVESTMENTS-AT-COST> 58,231,279
<INVESTMENTS-AT-VALUE> 57,548,611
<RECEIVABLES> 599,054
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 899
<TOTAL-ASSETS> 58,148,564
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 0
<TOTAL-LIABILITIES> 0
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 58,130,932
<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> 58,130,932
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 1,892,252
<OTHER-INCOME> 0
<EXPENSES-NET> 105,505
<NET-INVESTMENT-INCOME> 1,786,747
<REALIZED-GAINS-CURRENT> (290,707)
<APPREC-INCREASE-CURRENT> 393,612
<NET-CHANGE-FROM-OPS> 1,889,652
<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> (5,474,871)
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 104,444
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 120,426
<AVERAGE-NET-ASSETS> 59,982,380
<PER-SHARE-NAV-BEGIN> 0.000
<PER-SHARE-NII> 0.000
<PER-SHARE-GAIN-APPREC> 0.000
<PER-SHARE-DIVIDEND> 0.000
<PER-SHARE-DISTRIBUTIONS> 0.000
<RETURNS-OF-CAPITAL> 0.000
<PER-SHARE-NAV-END> 0.000
<EXPENSE-RATIO> 0.35
</TABLE>
