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<PAGE> PAGE 8
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<PAGE> PAGE 18
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<PAGE> PAGE 19
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<PAGE> PAGE 22
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<PAGE> PAGE 23
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<PAGE> PAGE 24
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<PAGE> PAGE 26
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<PAGE> PAGE 27
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<PAGE> PAGE 28
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<PAGE> PAGE 29
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<PAGE> PAGE 30
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<PAGE> PAGE 31
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<PAGE> PAGE 33
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<PAGE> PAGE 34
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<PAGE> PAGE 35
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070 D010900 Y
070 D020900 N
070 E010900 Y
070 E020900 N
070 F010900 Y
070 F020900 N
070 G010900 Y
070 G020900 N
070 H010900 Y
070 H020900 N
070 I010900 N
070 I020900 N
070 J010900 Y
070 J020900 Y
070 K010900 Y
070 K020900 N
070 L010900 Y
070 L020900 Y
070 M010900 Y
070 M020900 Y
070 N010900 Y
070 N020900 N
070 O010900 Y
070 O020900 N
070 P010900 Y
070 P020900 N
070 Q010900 N
070 Q020900 N
<PAGE> PAGE 38
070 R010900 N
070 R020900 N
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071 B000900 108994
071 C000900 215281
071 D000900 51
072 A000900 6
072 B000900 3521
072 C000900 1421
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072 S000900 5
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<PAGE> PAGE 39
074 I000900 0
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074 M000900 4
074 N000900 330023
074 O000900 11685
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074 Y000900 0
075 A000900 242003
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076 000900 0.00
008 A001001 DIRECTED SERVICES, INC.
008 B001001 A
008 C001001 801-32675
008 D011001 WILMINGTON
008 D021001 DE
008 D031001 19801
008 A001002 ING INVESTMENT MANAGEMENT, LLC
008 B001002 S
008 C001002 801-9999
008 D011002 ATLANTA
008 D021002 GA
008 D031002 30327
008 D041002 4349
024 001000 Y
025 A001001 PAINE WEBBER, INC.
025 B001001 13-2638166
025 C001001 D
025 D001001 357
025 A001002 MORGAN STANLEY
025 B001002 13-2655998
025 C001002 D
025 D001002 161
025 A001003 LEHMAN BROTHERS
025 B001003 13-2518466
025 C001003 D
025 D001003 1002
<PAGE> PAGE 40
025 A001004 DELETE
025 D001004 0
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028 A011000 809
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028 H001000 0
045 001000 Y
046 001000 N
047 001000 Y
048 001000 0.000
048 A011000 100000
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<PAGE> PAGE 41
048 G011000 0
048 G021000 0.000
048 H011000 0
048 H021000 0.000
048 I011000 0
048 I021000 0.000
048 J011000 0
048 J021000 0.000
048 K011000 100000
048 K021000 0.350
058 A001000 N
058 B001000 N
058 C001000 N
058 D001000 N
058 E001000 N
059 001000 Y
060 A001000 Y
060 B001000 Y
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062 A001000 Y
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062 C001000 0.0
062 D001000 0.0
062 E001000 0.0
062 F001000 0.0
062 G001000 0.0
062 H001000 0.0
062 I001000 50.0
062 J001000 0.0
062 K001000 0.0
062 L001000 0.0
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062 N001000 6.0
062 O001000 0.0
062 P001000 28.4
062 Q001000 4.3
062 R001000 0.0
063 A001000 0
063 B001000 1.1
064 A001000 N
064 B001000 N
066 A001000 N
067 001000 N
068 A001000 N
068 B001000 N
069 001000 N
070 A011000 Y
070 A021000 N
070 B011000 N
070 B021000 N
070 C011000 Y
<PAGE> PAGE 42
070 C021000 N
070 D011000 N
070 D021000 N
070 E011000 Y
070 E021000 N
070 F011000 N
070 F021000 N
070 G011000 Y
070 G021000 N
070 H011000 N
070 H021000 N
070 I011000 N
070 I021000 N
070 J011000 Y
070 J021000 N
070 K011000 Y
070 K021000 N
070 L011000 Y
070 L021000 N
070 M011000 Y
070 M021000 N
070 N011000 Y
070 N021000 N
070 O011000 Y
070 O021000 N
070 P011000 Y
070 P021000 N
070 Q011000 N
070 Q021000 N
070 R011000 N
070 R021000 N
071 A001000 1498
071 B001000 1790
071 C001000 11544
071 D001000 13
072 A001000 6
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072 D001000 0
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072 G001000 5
072 H001000 0
072 I001000 2
072 J001000 9
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<PAGE> PAGE 43
072 Q001000 0
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074 U011000 1982
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074 Y001000 0
<PAGE> PAGE 44
075 A001000 20309
075 B001000 0
076 001000 0.00
008 A001101 DIRECTED SERVICES, INC.
008 B001101 A
008 C001101 801-32675
008 D011101 WILMINGTON
008 D021101 DE
008 D031101 19801
008 A001102 ROBERTSON, STEPHENS & COMPANY INV. MGMT, L.P.
008 B001102 S
008 C001102 801-144125
008 D011102 SAN FRANCISCO
008 D021102 CA
008 D031102 94104
024 001100 Y
025 A001101 MERRILL LYNCH
025 B001101 13-5674085
025 C001101 E
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025 A001102 DELETE
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028 A011100 11069
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028 B011100 8138
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028 C011100 10255
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<PAGE> PAGE 45
028 F041100 1348
028 G011100 61309
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045 001100 Y
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048 I011100 0
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048 J011100 0
048 J021100 0.000
048 K011100 500000
048 K021100 0.750
058 A001100 N
058 B001100 N
058 C001100 N
058 D001100 N
058 E001100 N
059 001100 Y
060 A001100 Y
060 B001100 Y
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<PAGE> PAGE 46
062 K001100 0.0
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066 A001100 Y
066 B001100 N
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066 D001100 N
066 E001100 N
066 F001100 N
066 G001100 N
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068 A001100 N
068 B001100 N
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070 A021100 Y
070 B011100 Y
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070 C021100 N
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070 D021100 N
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070 E021100 N
070 F011100 Y
070 F021100 N
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070 G021100 N
070 H011100 Y
070 H021100 N
070 I011100 N
070 I021100 N
070 J011100 Y
070 J021100 N
070 K011100 Y
070 K021100 N
070 L011100 Y
070 L021100 N
070 M011100 Y
070 M021100 N
070 N011100 Y
070 N021100 N
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070 O021100 N
<PAGE> PAGE 47
070 P011100 Y
070 P021100 Y
070 Q011100 N
070 Q021100 N
070 R011100 Y
070 R021100 N
071 A001100 152148
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<PAGE> PAGE 48
074 E001100 0
074 F001100 147227
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074 M001100 5
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075 A001100 113280
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008 A001201 DIRECTED SERVICES, INC.
008 B001201 A
008 C001201 801-32675
008 D011201 WILMINGTON
008 D021201 DE
008 D031201 19801
008 A001202 ROBERTSON, STEPHENS & COMPANY INV. MGMT, LP
008 B001202 S
008 C001202 801-144125
008 D011202 SAN FRANCISCO
008 D021202 CA
008 D031202 94104
024 001200 Y
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025 B001201 13-5674085
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<PAGE> PAGE 49
025 D001207 0
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028 G011200 84839
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045 001200 Y
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<PAGE> PAGE 50
048 I011200 0
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058 A001200 N
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066 D001200 N
066 E001200 N
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069 001200 N
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070 B011200 Y
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<PAGE> PAGE 51
070 C021200 N
070 D011200 Y
070 D021200 Y
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 N
070 I021200 N
070 J011200 Y
070 J021200 Y
070 K011200 Y
070 K021200 N
070 L011200 Y
070 L021200 Y
070 M011200 Y
070 M021200 N
070 N011200 Y
070 N021200 N
070 O011200 Y
070 O021200 N
070 P011200 Y
070 P021200 Y
070 Q011200 N
070 Q021200 N
070 R011200 Y
070 R021200 N
071 A001200 255429
071 B001200 173325
071 C001200 166774
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072 A001200 6
072 B001200 839
072 C001200 1152
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<PAGE> PAGE 52
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072 X001200 1022
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074 D001200 15366
074 E001200 21771
074 F001200 179155
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074 I001200 709
074 J001200 766
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074 L001200 1691
074 M001200 5
074 N001200 235695
074 O001200 5809
074 P001200 166
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074 R011200 0
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074 R041200 127
074 S001200 0
074 T001200 229593
074 U011200 14439
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<PAGE> PAGE 53
075 A001200 182469
075 B001200 0
076 001200 0.00
SIGNATURE CHRISTOPHER SMYTHE
TITLE ASSISTANT TREASURER
<TABLE> <S> <C>
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<NAME> Equi-Select Trust Money Market Portfolio
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<REALIZED-GAINS-CURRENT> (1,435)
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<DISTRIBUTIONS-OF-INCOME> (943,797)
<DISTRIBUTIONS-OF-GAINS> 0
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<NUMBER-OF-SHARES-SOLD> 64,725,828
<NUMBER-OF-SHARES-REDEEMED> (61,322,179)
<SHARES-REINVESTED> 943,797
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</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 02
<NAME> Equi-Select Trust Mortgage-Backed Securities
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<PERIOD-END> JUN-30-1998
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<ACCUMULATED-NET-GAINS> 106,801
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 234,796
<NET-ASSETS> 21,130,047
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 664,252
<OTHER-INCOME> 0
<EXPENSES-NET> 104,157
<NET-INVESTMENT-INCOME> 560,095
<REALIZED-GAINS-CURRENT> 124,767
<APPREC-INCREASE-CURRENT> (102,922)
<NET-CHANGE-FROM-OPS> 581,940
<EQUALIZATION> 0
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<DISTRIBUTIONS-OF-GAINS> 0
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<NUMBER-OF-SHARES-REDEEMED> (332,434)
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<ACCUMULATED-NII-PRIOR> 1,232
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> (17,966)
<GROSS-ADVISORY-FEES> 75,303
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 104,157
<AVERAGE-NET-ASSETS> 20,263,322
<PER-SHARE-NAV-BEGIN> 10.85
<PER-SHARE-NII> 0.30
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<PER-SHARE-NAV-END> 11.17
<EXPENSE-RATIO> 1.04
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</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 03
<NAME> Equi-Select Trust International Fixed Income
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> DEC-31-1998
<PERIOD-END> JUN-30-1998
<INVESTMENTS-AT-COST> 14,044,301
<INVESTMENTS-AT-VALUE> 14,070,938
<RECEIVABLES> 467,674
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 905,798
<TOTAL-ASSETS> 15,444,410
<PAYABLE-FOR-SECURITIES> 232,883
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<OTHER-ITEMS-LIABILITIES> 50,678
<TOTAL-LIABILITIES> 283,561
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 14,932,261
<SHARES-COMMON-STOCK> 1,415,270
<SHARES-COMMON-PRIOR> 1,165,908
<ACCUMULATED-NII-CURRENT> 232,534
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 0
<OVERDISTRIBUTION-GAINS> (130,098)
<ACCUM-APPREC-OR-DEPREC> 126,152
<NET-ASSETS> 15,160,849
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 350,701
<OTHER-INCOME> 0
<EXPENSES-NET> 103,272
<NET-INVESTMENT-INCOME> 247,429
<REALIZED-GAINS-CURRENT> (123,655)
<APPREC-INCREASE-CURRENT> 255,782
<NET-CHANGE-FROM-OPS> 379,556
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 424,886
<NUMBER-OF-SHARES-REDEEMED> (175,524)
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> 3,027,821
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> (14,895)
<OVERDIST-NET-GAINS-PRIOR> (6,443)
<GROSS-ADVISORY-FEES> 55,807
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 103,272
<AVERAGE-NET-ASSETS> 13,256,079
<PER-SHARE-NAV-BEGIN> 10.41
<PER-SHARE-NII> 0.17
<PER-SHARE-GAIN-APPREC> 0.13
<PER-SHARE-DIVIDEND> 0.00
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<PER-SHARE-NAV-END> 10.71
<EXPENSE-RATIO> 1.57
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 07
<NAME> Equi-Select Trust OTC Portfolio
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> DEC-31-1998
<PERIOD-END> JUN-30-1998
<INVESTMENTS-AT-COST> 185,651,726
<INVESTMENTS-AT-VALUE> 196,106,821
<RECEIVABLES> 833,891
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 66,263
<TOTAL-ASSETS> 197,006,975
<PAYABLE-FOR-SECURITIES> 6,312,175
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 214,061
<TOTAL-LIABILITIES> 6,526,236
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 159,363,885
<SHARES-COMMON-STOCK> 10,278,119
<SHARES-COMMON-PRIOR> 6,970,469
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> (452,232)
<ACCUMULATED-NET-GAINS> 21,113,991
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 10,455,095
<NET-ASSETS> 190,480,739
<DIVIDEND-INCOME> 124,977
<INTEREST-INCOME> 139,545
<OTHER-INCOME> 0
<EXPENSES-NET> 716,754
<NET-INVESTMENT-INCOME> (452,232)
<REALIZED-GAINS-CURRENT> 18,905,474
<APPREC-INCREASE-CURRENT> 2,307,700
<NET-CHANGE-FROM-OPS> 20,760,942
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 3,700,352
<NUMBER-OF-SHARES-REDEEMED> (392,702)
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> 80,200,574
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 2,208,517
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 587,014
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 716,754
<AVERAGE-NET-ASSETS> 148,410,649
<PER-SHARE-NAV-BEGIN> 15.82
<PER-SHARE-NII> (0.04)
<PER-SHARE-GAIN-APPREC> 2.75
<PER-SHARE-DIVIDEND> 0.00
<PER-SHARE-DISTRIBUTIONS> 0.00
<RETURNS-OF-CAPITAL> 0.00
<PER-SHARE-NAV-END> 18.53
<EXPENSE-RATIO> 0.97
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 08
<NAME> Equi-Select Trust Research Portfolio
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> DEC-31-1998
<PERIOD-END> JUN-30-1998
<INVESTMENTS-AT-COST> 363,187,750
<INVESTMENTS-AT-VALUE> 420,911,822
<RECEIVABLES> 3,889,667
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 123,815
<TOTAL-ASSETS> 424,925,304
<PAYABLE-FOR-SECURITIES> 888,834
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 478,105
<TOTAL-LIABILITIES> 1,366,939
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 349,899,342
<SHARES-COMMON-STOCK> 20,095,911
<SHARES-COMMON-PRIOR> 13,381,540
<ACCUMULATED-NII-CURRENT> 422,585
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 15,488,528
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 57,747,910
<NET-ASSETS> 423,558,365
<DIVIDEND-INCOME> 1,505,833
<INTEREST-INCOME> 401,718
<OTHER-INCOME> 0
<EXPENSES-NET> 1,541,561
<NET-INVESTMENT-INCOME> 365,990
<REALIZED-GAINS-CURRENT> 13,191,624
<APPREC-INCREASE-CURRENT> 34,830,834
<NET-CHANGE-FROM-OPS> 48,388,448
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 7,830,982
<NUMBER-OF-SHARES-REDEEMED> (1,116,611)
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> 183,443,836
<ACCUMULATED-NII-PRIOR> 56,595
<ACCUMULATED-GAINS-PRIOR> 2,296,904
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 1,245,852
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 1,541,561
<AVERAGE-NET-ASSETS> 327,179,630
<PER-SHARE-NAV-BEGIN> 17.94
<PER-SHARE-NII> 0.02
<PER-SHARE-GAIN-APPREC> 3.12
<PER-SHARE-DIVIDEND> 0.00
<PER-SHARE-DISTRIBUTIONS> 0.00
<RETURNS-OF-CAPITAL> 0.00
<PER-SHARE-NAV-END> 21.08
<EXPENSE-RATIO> 0.95
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 09
<NAME> Equi-Select Trust Total Return Portfolio
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> DEC-31-1998
<PERIOD-END> JUN-30-1998
<INVESTMENTS-AT-COST> 304,325,435
<INVESTMENTS-AT-VALUE> 325,489,751
<RECEIVABLES> 4,147,571
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 386,228
<TOTAL-ASSETS> 330,023,550
<PAYABLE-FOR-SECURITIES> 11,684,844
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 447,552
<TOTAL-LIABILITIES> 12,132,396
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 282,035,183
<SHARES-COMMON-STOCK> 19,161,094
<SHARES-COMMON-PRIOR> 11,452,552
<ACCUMULATED-NII-CURRENT> 4,640,514
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 10,054,567
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 21,160,890
<NET-ASSETS> 317,891,154
<DIVIDEND-INCOME> 1,420,936
<INTEREST-INCOME> 3,521,686
<OTHER-INCOME> 0
<EXPENSES-NET> 1,139,731
<NET-INVESTMENT-INCOME> 3,802,891
<REALIZED-GAINS-CURRENT> 7,968,227
<APPREC-INCREASE-CURRENT> 5,438,389
<NET-CHANGE-FROM-OPS> 17,209,507
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 7,746,415
<NUMBER-OF-SHARES-REDEEMED> (37,873)
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> 141,994,615
<ACCUMULATED-NII-PRIOR> 837,623
<ACCUMULATED-GAINS-PRIOR> 2,086,340
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 956,940
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 1,139,731
<AVERAGE-NET-ASSETS> 242,003,078
<PER-SHARE-NAV-BEGIN> 15.36
<PER-SHARE-NII> 0.17
<PER-SHARE-GAIN-APPREC> 1.06
<PER-SHARE-DIVIDEND> 0.00
<PER-SHARE-DISTRIBUTIONS> 0.00
<RETURNS-OF-CAPITAL> 0.00
<PER-SHARE-NAV-END> 16.59
<EXPENSE-RATIO> 0.95
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 10
<NAME> Equi-Select Trust Advantage Portfolio
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> DEC-31-1998
<PERIOD-END> JUN-30-1998
<INVESTMENTS-AT-COST> 21,290,636
<INVESTMENTS-AT-VALUE> 21,301,346
<RECEIVABLES> 196,185
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 3,975
<TOTAL-ASSETS> 21,501,506
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 62,302
<TOTAL-LIABILITIES> 62,302
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 20,688,158
<SHARES-COMMON-STOCK> 1,982,013
<SHARES-COMMON-PRIOR> 1,695,981
<ACCUMULATED-NII-CURRENT> 758,149
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 0
<OVERDISTRIBUTION-GAINS> (17,813)
<ACCUM-APPREC-OR-DEPREC> 10,710
<NET-ASSETS> 21,439,204
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 611,295
<OTHER-INCOME> 0
<EXPENSES-NET> 79,510
<NET-INVESTMENT-INCOME> 531,785
<REALIZED-GAINS-CURRENT> (11,967)
<APPREC-INCREASE-CURRENT> 23,079
<NET-CHANGE-FROM-OPS> 542,897
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 624,174
<NUMBER-OF-SHARES-REDEEMED> (338,142)
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> 3,581,394
<ACCUMULATED-NII-PRIOR> 226,364
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> (5,846)
<GROSS-ADVISORY-FEES> 50,305
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 79,510
<AVERAGE-NET-ASSETS> 20,308,646
<PER-SHARE-NAV-BEGIN> 10.53
<PER-SHARE-NII> 0.25
<PER-SHARE-GAIN-APPREC> 0.04
<PER-SHARE-DIVIDEND> 0.00
<PER-SHARE-DISTRIBUTIONS> 0.00
<RETURNS-OF-CAPITAL> 0.00
<PER-SHARE-NAV-END> 10.82
<EXPENSE-RATIO> 0.79
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 11
<NAME> Equi-Select Trust Value + Growth Portfolio
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> DEC-31-1998
<PERIOD-END> JUN-30-1998
<INVESTMENTS-AT-COST> 125,766,101
<INVESTMENTS-AT-VALUE> 147,227,176
<RECEIVABLES> 5,442,602
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 3,915,521
<TOTAL-ASSETS> 156,585,299
<PAYABLE-FOR-SECURITIES> 5,756,001
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 168,425
<TOTAL-LIABILITIES> 5,924,426
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 129,648,030
<SHARES-COMMON-STOCK> 9,699,906
<SHARES-COMMON-PRIOR> 6,057,590
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> (240,338)
<ACCUMULATED-NET-GAINS> 0
<OVERDISTRIBUTION-GAINS> (207,894)
<ACCUM-APPREC-OR-DEPREC> 21,461,075
<NET-ASSETS> 150,660,873
<DIVIDEND-INCOME> 246,839
<INTEREST-INCOME> 129,105
<OTHER-INCOME> 0
<EXPENSES-NET> 616,282
<NET-INVESTMENT-INCOME> (240,338)
<REALIZED-GAINS-CURRENT> 1,388,291
<APPREC-INCREASE-CURRENT> 16,716,661
<NET-CHANGE-FROM-OPS> 17,864,614
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 4,247,220
<NUMBER-OF-SHARES-REDEEMED> (604,904)
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> 70,604,637
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> (1,596,185)
<GROSS-ADVISORY-FEES> 531,830
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 616,282
<AVERAGE-NET-ASSETS> 113,280,575
<PER-SHARE-NAV-BEGIN> 13.22
<PER-SHARE-NII> (0.02)
<PER-SHARE-GAIN-APPREC> 2.33
<PER-SHARE-DIVIDEND> 0.00
<PER-SHARE-DISTRIBUTIONS> 0.00
<RETURNS-OF-CAPITAL> 0.00
<PER-SHARE-NAV-END> 15.53
<EXPENSE-RATIO> 1.10
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 12
<NAME> Equi-Select Trust Growth & Income Portfolio
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> DEC-31-1998
<PERIOD-END> JUN-30-1998
<INVESTMENTS-AT-COST> 199,770,643
<INVESTMENTS-AT-VALUE> 217,001,550
<RECEIVABLES> 2,456,322
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 16,236,994
<TOTAL-ASSETS> 235,694,866
<PAYABLE-FOR-SECURITIES> 5,809,562
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 292,020
<TOTAL-LIABILITIES> 6,101,582
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 203,440,897
<SHARES-COMMON-STOCK> 14,439,303
<SHARES-COMMON-PRIOR> 9,253,565
<ACCUMULATED-NII-CURRENT> 968,827
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 7,841,630
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 17,341,930
<NET-ASSETS> 229,593,284
<DIVIDEND-INCOME> 1,152,017
<INTEREST-INCOME> 838,941
<OTHER-INCOME> 0
<EXPENSES-NET> 1,022,131
<NET-INVESTMENT-INCOME> 968,827
<REALIZED-GAINS-CURRENT> 6,913,756
<APPREC-INCREASE-CURRENT> 7,154,156
<NET-CHANGE-FROM-OPS> 15,036,739
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 5,461,268
<NUMBER-OF-SHARES-REDEEMED> (275,530)
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> 95,732,165
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 927,874
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 852,636
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 1,022,131
<AVERAGE-NET-ASSETS> 182,468,817
<PER-SHARE-NAV-BEGIN> 14.47
<PER-SHARE-NII> 0.07
<PER-SHARE-GAIN-APPREC> 1.36
<PER-SHARE-DIVIDEND> 0.00
<PER-SHARE-DISTRIBUTIONS> 0.00
<RETURNS-OF-CAPITAL> 0.00
<PER-SHARE-NAV-END> 15.90
<EXPENSE-RATIO> 1.13
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
