PREMIUM PORTFOLIOS /
NSAR-A, EX-27, 2000-06-23
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WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000927086
<NAME> SMALL CAP GROWTH PORTFOLIO

<S>                             <C>
<PERIOD-TYPE>                  6-Months
<FISCAL-YEAR-END>                           Oct-31-2000
<PERIOD-END>                                Apr-30-2000
<INVESTMENTS-AT-COST>                       63,156,105
<INVESTMENTS-AT-VALUE>                      79,339,818
<RECEIVABLES>                                  273,573
<ASSETS-OTHER>                                       0
<OTHER-ITEMS-ASSETS>                               736
<TOTAL-ASSETS>                              79,614,127
<PAYABLE-FOR-SECURITIES>                             0
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                            0
<TOTAL-LIABILITIES>                                  0
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                    79,504,847
<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>                                79,504,847
<DIVIDEND-INCOME>                               87,075
<INTEREST-INCOME>                               88,339
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                 391,070
<NET-INVESTMENT-INCOME>                       (215,656)
<REALIZED-GAINS-CURRENT>                    36,921,300
<APPREC-INCREASE-CURRENT>                   (8,173,761)
<NET-CHANGE-FROM-OPS>                       28,531,883
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                            0
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                     14,882,323
<NUMBER-OF-SHARES-REDEEMED>                (60,860,677)
<SHARES-REINVESTED>                                  0
<NET-CHANGE-IN-ASSETS>                     (17,446,471)
<ACCUMULATED-NII-PRIOR>                              0
<ACCUMULATED-GAINS-PRIOR>                            0
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                          345,033
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                391,070
<AVERAGE-NET-ASSETS>                        92,514,285
<PER-SHARE-NAV-BEGIN>                             0.00
<PER-SHARE-NII>                                   0.00
<PER-SHARE-GAIN-APPREC>                           0.00
<PER-SHARE-DIVIDEND>                              0.00
<PER-SHARE-DISTRIBUTIONS>                         0.00
<RETURNS-OF-CAPITAL>                              0.00
<PER-SHARE-NAV-END>                               0.00
<EXPENSE-RATIO>                                   0.85
[AVG-DEBT-OUTSTANDING]                               0
[AVG-DEBT-PER-SHARE]                                 0



</TABLE>


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