WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000927086
<NAME> U.S. FIXED INCOME PORTFOLIO
<S> <C>
<PERIOD-TYPE> 6 Months
<FISCAL-YEAR-END> Oct-31-2000
<PERIOD-END> Apr-30-2000
<INVESTMENTS-AT-COST> 260,322,494
<INVESTMENTS-AT-VALUE> 252,129,719
<RECEIVABLES> 5,375,407
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 942
<TOTAL-ASSETS> 257,506,068
<PAYABLE-FOR-SECURITIES> 48,601,679
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 0
<TOTAL-LIABILITIES> 48,601,679
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 208,721,627
<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> 208,721,627
<DIVIDEND-INCOME> 146,257
<INTEREST-INCOME> 8,629,382
<OTHER-INCOME> 0
<EXPENSES-NET> 497,280
<NET-INVESTMENT-INCOME> 8,278,359
<REALIZED-GAINS-CURRENT> (9,867,997)
<APPREC-INCREASE-CURRENT> 2,621,249
<NET-CHANGE-FROM-OPS> 1,031,611
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 2,562,211
<NUMBER-OF-SHARES-REDEEMED> (86,407,793)
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> (82,813,971)
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 435,080
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 550,254
<AVERAGE-NET-ASSETS> 249,983,006
<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> 0.40
[AVG-DEBT-OUTSTANDING] 0
[AVG-DEBT-PER-SHARE] 0
</TABLE>
