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072 N000900 0
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072 S000900 8
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072 X000900 176
072 Y000900 92
072 Z000900 773
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073 A010900 0.0000
073 A020900 0.0000
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074 A000900 0
074 B000900 272
074 C000900 0
074 D000900 11872
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<PAGE>
074 H000900 0
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076 000900 0.00
SIGNATURE DAVID G. DANIELSON
TITLE ASSISTANT TREASURER
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
This schedule contains summary financial information extracted from the Emerging
Growth Portfolio Annual Report dated December 31, 1995 and is qualified in
its entirety by reference to such Annual Report.
</LEGEND>
<CIK> 0000930591
<NAME> SELECT ADVISORS PORTFOLIOS
<SERIES>
<NUMBER> 1
<NAME> EMERGING GROWTH PORTFOLIO
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> DEC-31-1995
<PERIOD-START> JAN-01-1995
<PERIOD-END> DEC-31-1995
<INVESTMENTS-AT-COST> 3,414,324
<INVESTMENTS-AT-VALUE> 3,910,644
<RECEIVABLES> 46,445
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 26,505
<TOTAL-ASSETS> 3,983,594
<PAYABLE-FOR-SECURITIES> 10,409
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 94,871
<TOTAL-LIABILITIES> 105,280
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 0
<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> 3,878,314
<DIVIDEND-INCOME> 35,612
<INTEREST-INCOME> 12,487
<OTHER-INCOME> 0
<EXPENSES-NET> 51,976
<NET-INVESTMENT-INCOME> (3,877)
<REALIZED-GAINS-CURRENT> 275,958
<APPREC-INCREASE-CURRENT> 410,318
<NET-CHANGE-FROM-OPS> 682,399
<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> 1,828,463
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 26,169
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 117,237
<AVERAGE-NET-ASSETS> 3,262,178
<PER-SHARE-NAV-BEGIN> 0
<PER-SHARE-NII> 0
<PER-SHARE-GAIN-APPREC> 0
<PER-SHARE-DIVIDEND> 0
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 0
<EXPENSE-RATIO> 1.59
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
This schedule contains summary financial information extracted from the
International Equity Portfolio Annual Report dated December 31, 1995 and
is qualified in its entirety by reference to such Annual Report.
</LEGEND>
<CIK> 0000930591
<NAME> SELECT ADVISORS PORTFOLIOS
<SERIES>
<NUMBER> 2
<NAME> INTERNATIONAL EQUITY PORTFOLIO
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> DEC-31-1995
<PERIOD-START> JAN-01-1995
<PERIOD-END> DEC-31-1995
<INVESTMENTS-AT-COST> 4,861,356
<INVESTMENTS-AT-VALUE> 5,127,647
<RECEIVABLES> 71,830
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 26,505
<TOTAL-ASSETS> 5,226,332
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 118,747
<TOTAL-LIABILITIES> 118,747
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 0
<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> 5,107,585
<DIVIDEND-INCOME> 63,082
<INTEREST-INCOME> 17,515
<OTHER-INCOME> 0
<EXPENSES-NET> 76,257
<NET-INVESTMENT-INCOME> 4,340
<REALIZED-GAINS-CURRENT> (425,634)
<APPREC-INCREASE-CURRENT> 676,327
<NET-CHANGE-FROM-OPS> 255,033
<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> 569,982
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 43,963
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 178,394
<AVERAGE-NET-ASSETS> 4,615,050
<PER-SHARE-NAV-BEGIN> 0
<PER-SHARE-NII> 0
<PER-SHARE-GAIN-APPREC> 0
<PER-SHARE-DIVIDEND> 0
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 0
<EXPENSE-RATIO> 1.65
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
This schedule contains summary financial information extracted from the Growth
& Income Portfolio Annual Report dated December 31, 1995 and is qualified
in its entirety by reference to such Annual Report.
</LEGEND>
<CIK> 0000930591
<NAME> SELECT ADVISORS PORTFOLIOS
<SERIES>
<NUMBER> 3
<NAME> GROWTH & INCOME PORTFOLIO
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> DEC-31-1995
<PERIOD-START> JAN-01-1995
<PERIOD-END> DEC-31-1995
<INVESTMENTS-AT-COST> 12,541,742
<INVESTMENTS-AT-VALUE> 15,636,447
<RECEIVABLES> 72,462
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 26,505
<TOTAL-ASSETS> 15,735,414
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 159,656
<TOTAL-LIABILITIES> 159,656
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 0
<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> 15,575,758
<DIVIDEND-INCOME> 234,287
<INTEREST-INCOME> 34,222
<OTHER-INCOME> 0
<EXPENSES-NET> 154,569
<NET-INVESTMENT-INCOME> 113,940
<REALIZED-GAINS-CURRENT> 1,974,179
<APPREC-INCREASE-CURRENT> 1,798,625
<NET-CHANGE-FROM-OPS> 3,886,744
<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> 5,465,407
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 94,187
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 191,994
<AVERAGE-NET-ASSETS> 12,523,983
<PER-SHARE-NAV-BEGIN> 0
<PER-SHARE-NII> 0
<PER-SHARE-GAIN-APPREC> 0
<PER-SHARE-DIVIDEND> 0
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 0
<EXPENSE-RATIO> 1.23
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
This schedule contains summary financial information extracted from the Balanced
Portfolio Annual Report dated December 31, 1995 and is qualified in its entirety
by reference to such Annual Report.
</LEGEND>
<CIK> 0000930591
<NAME> SELECT ADVISORS PORTFOLIOS
<SERIES>
<NUMBER> 4
<NAME> BALANCED PORTFOLIO
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> DEC-31-1995
<PERIOD-START> JAN-01-1995
<PERIOD-END> DEC-31-1995
<INVESTMENTS-AT-COST> 2,627,773
<INVESTMENTS-AT-VALUE> 2,884,397
<RECEIVABLES> 58,853
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 26,505
<TOTAL-ASSETS> 2,969,755
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 84,948
<TOTAL-LIABILITIES> 84,948
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 0
<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> 2,884,807
<DIVIDEND-INCOME> 20,709
<INTEREST-INCOME> 68,803
<OTHER-INCOME> 0
<EXPENSES-NET> 35,659
<NET-INVESTMENT-INCOME> 53,853
<REALIZED-GAINS-CURRENT> 169,621
<APPREC-INCREASE-CURRENT> 252,839
<NET-CHANGE-FROM-OPS> 476,313
<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> 888,744
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 16,553
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 103,518
<AVERAGE-NET-ASSETS> 2,358,238
<PER-SHARE-NAV-BEGIN> 0
<PER-SHARE-NII> 0
<PER-SHARE-GAIN-APPREC> 0
<PER-SHARE-DIVIDEND> 0
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 0
<EXPENSE-RATIO> 1.51
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
This schedule contains summary financial information extracted from the Income
Opportunity Portfolio Annual Report dated December 31, 1995 and is qualified
in its entirety by reference to such Annual Report.
</LEGEND>
<CIK> 0000930591
<NAME> SELECT ADVISORS PORTFOLIOS
<SERIES>
<NUMBER> 5
<NAME> INCOME OPPORTUNITY PORTFOLIO
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> DEC-31-1995
<PERIOD-START> JAN-01-1995
<PERIOD-END> DEC-31-1995
<INVESTMENTS-AT-COST> 2,442,710
<INVESTMENTS-AT-VALUE> 2,547,953
<RECEIVABLES> 89,034
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 26,505
<TOTAL-ASSETS> 2,663,492
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 82,036
<TOTAL-LIABILITIES> 82,036
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 0
<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> 2,581,456
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 288,370
<OTHER-INCOME> 0
<EXPENSES-NET> 29,282
<NET-INVESTMENT-INCOME> 259,088
<REALIZED-GAINS-CURRENT> 8,065
<APPREC-INCREASE-CURRENT> 185,892
<NET-CHANGE-FROM-OPS> 453,045
<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> 737,250
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 13,479
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 98,701
<AVERAGE-NET-ASSETS> 2,067,968
<PER-SHARE-NAV-BEGIN> 0
<PER-SHARE-NII> 0
<PER-SHARE-GAIN-APPREC> 0
<PER-SHARE-DIVIDEND> 0
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 0
<EXPENSE-RATIO> 1.42
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
This schedule contains summary financial information extracted from the Bond
Portfolio Annual Report dated December 31, 1995 and is qualified in its entirety
by reference to such Annual Report.
</LEGEND>
<CIK> 0000930591
<NAME> SELECT ADVISORS PORTFOLIOS
<SERIES>
<NUMBER> 6
<NAME> BOND PORTFOLIO
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> DEC-31-1995
<PERIOD-START> JAN-01-1995
<PERIOD-END> DEC-31-1995
<INVESTMENTS-AT-COST> 12,110,610
<INVESTMENTS-AT-VALUE> 12,860,924
<RECEIVABLES> 218,764
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 26,505
<TOTAL-ASSETS> 13,106,193
<PAYABLE-FOR-SECURITIES> 351,531
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 127,868
<TOTAL-LIABILITIES> 479,399
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 0
<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> 12,626,794
<DIVIDEND-INCOME> 18,000
<INTEREST-INCOME> 851,949
<OTHER-INCOME> 0
<EXPENSES-NET> 115,266
<NET-INVESTMENT-INCOME> 754,683
<REALIZED-GAINS-CURRENT> 254,000
<APPREC-INCREASE-CURRENT> 768,522
<NET-CHANGE-FROM-OPS> 1,777,205
<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> 2,545,025
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 62,478
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 158,186
<AVERAGE-NET-ASSETS> 11,328,688
<PER-SHARE-NAV-BEGIN> 0
<PER-SHARE-NII> 0
<PER-SHARE-GAIN-APPREC> 0
<PER-SHARE-DIVIDEND> 0
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 0
<EXPENSE-RATIO> 1.02
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
This schedule contains financial summary information extracted from the
Municipal Bond Portfolio dated December 31, 1995 and is qualified in its
entirety by reference to such Annual Report.
</LEGEND>
<CIK> 0000930591
<NAME> SELECT ADVISORS PORTFOLIOS
<SERIES>
<NUMBER> 7
<NAME> MUNICIPAL BOND PORTFOLIO
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> DEC-31-1995
<PERIOD-START> JAN-01-1995
<PERIOD-END> DEC-31-1995
<INVESTMENTS-AT-COST> 2,396,382
<INVESTMENTS-AT-VALUE> 2,461,867
<RECEIVABLES> 80,320
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 26,505
<TOTAL-ASSETS> 2,568,692
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 79,855
<TOTAL-LIABILITIES> 79,855
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 0
<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> 2,488,837
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 132,918
<OTHER-INCOME> 0
<EXPENSES-NET> 27,825
<NET-INVESTMENT-INCOME> 105,093
<REALIZED-GAINS-CURRENT> (4,076)
<APPREC-INCREASE-CURRENT> 90,026
<NET-CHANGE-FROM-OPS> 191,043
<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> 472,952
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 12,393
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 95,791
<AVERAGE-NET-ASSETS> 2,247,031
<PER-SHARE-NAV-BEGIN> 0
<PER-SHARE-NII> 0
<PER-SHARE-GAIN-APPREC> 0
<PER-SHARE-DIVIDEND> 0
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 0
<EXPENSE-RATIO> 1.24
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
This schedule contains summary financial data extracted from the Growth & Income
Portfolio II Annual Report dated December 31, 1995 and is qualified in its
entirety by reference to such annual report.
</LEGEND>
<CIK> 0000930591
<NAME> SELECT ADVISORS PORTFOLIOS
<SERIES>
<NUMBER> 8
<NAME> GROWTH & INCOME PORTFOLIO II
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> DEC-31-1995
<PERIOD-END> DEC-31-1995
<INVESTMENTS-AT-COST> 11,032,977
<INVESTMENTS-AT-VALUE> 13,894,208
<RECEIVABLES> 126,460
<ASSETS-OTHER> 31,685
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 14,052,353
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 158,816
<TOTAL-LIABILITIES> 158,816
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 0
<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> 13,893,537
<DIVIDEND-INCOME> 223,031
<INTEREST-INCOME> 28,798
<OTHER-INCOME> 0
<EXPENSES-NET> 101,068
<NET-INVESTMENT-INCOME> 150,761
<REALIZED-GAINS-CURRENT> 1,554,207
<APPREC-INCREASE-CURRENT> 1,902,447
<NET-CHANGE-FROM-OPS> 3,607,415
<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> 3,970,712
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 88,934
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 210,084
<AVERAGE-NET-ASSETS> 11,857,815
<PER-SHARE-NAV-BEGIN> 0
<PER-SHARE-NII> 0
<PER-SHARE-GAIN-APPREC> 0
<PER-SHARE-DIVIDEND> 0
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 0
<EXPENSE-RATIO> 0.85
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
This schedule contains summary financial data extracted from the Bond Portfolio
II Annual Report dated December 31, 1995 and is qualified in its entirety by
reference to such Annual Report.
</LEGEND>
<CIK> 0000930591
<NAME> SELECT ADVISORS PORTFOLIOS
<SERIES>
<NUMBER> 9
<NAME> BOND PORTFOLIO II
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> DEC-31-1995
<PERIOD-END> DEC-31-1995
<INVESTMENTS-AT-COST> 11,339,015
<INVESTMENTS-AT-VALUE> 12,144,261
<RECEIVABLES> 258,154
<ASSETS-OTHER> 31,685
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 12,434,100
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 129,610
<TOTAL-LIABILITIES> 129,610
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 0
<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> 12,304,490
<DIVIDEND-INCOME> 18,513
<INTEREST-INCOME> 838,721
<OTHER-INCOME> 0
<EXPENSES-NET> 84,187
<NET-INVESTMENT-INCOME> 773,047
<REALIZED-GAINS-CURRENT> 315,080
<APPREC-INCREASE-CURRENT> 777,621
<NET-CHANGE-FROM-OPS> 1,865,748
<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> 2,200,944
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 61,568
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 176,329
<AVERAGE-NET-ASSETS> 11,194,199
<PER-SHARE-NAV-BEGIN> 0
<PER-SHARE-NII> 0
<PER-SHARE-GAIN-APPREC> 0
<PER-SHARE-DIVIDEND> 0
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 0
<EXPENSE-RATIO> 0.75
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
REPORT OF INDEPENDENT ACCOUNTANTS
To the Investors and Trustees of
Select Advisors Portfolios:
In planning and performing our audit of the financial statements and
supplementary data of Select Advisors Portfolios (the "Portfolios") (consisting
of Emerging Growth Portfolio, International Equity Portfolio, Growth & Income
Portfolio, Balanced Portfolio, Income Opportunity Portfolio, Bond Portfolio,
Municipal Bond Portfolio, Growth & Income Portfolio II and Bond Portfolio II)
for the year ended December 31, 1995, we considered its internal control
structure, including procedures for safeguarding securities, in order to
determine our auditing procedures for the purpose of expressing our opinion on
the financial statements and supplementary data and to comply with the
requirements of Form N-SAR, not to provide assurance on the internal control
structure.
The management of the Portfolios is responsible for establishing and maintaining
an internal control structure. In fulfilling this responsibility, estimates and
judgments by management are required to assess the expected benefits and related
costs of internal control structure policies and procedures. Two of the
objectives of an internal control structure are to provide management with
reasonable, but not absolute, assurance that assets are safeguarded against loss
from unauthorized use or disposition and that transactions are executed in
accordance with management's authorization and recorded properly to permit
preparation of financial statements in conformity with generally accepted
accounting principles.
Because of inherent limitations in any internal control structure, errors or
irregularities may occur and not be detected. Also, projection of any evaluation
of the structure to future periods is subject to the risk that it may become
inadequate because of changes in conditions or that the effectiveness of the
design and operation may deteriorate.
Our consideration of the internal control structure would not necessarily
disclose all matters in the internal control structure that might be material
weaknesses under standards established by the American Institute of Certified
Public Accountants. A material weakness is a condition in which the design or
operation of the specific internal control structure elements does not reduce to
a relatively low level the risk that errors or irregularities in amounts that
would be material in relation to the financial statements and supplementary data
being audited may occur and not be detected within a timely period by employees
in the normal course of performing their assigned functions. However, we noted
no matters involving the internal control structure, including procedures for
safeguarding securities, that we consider to be material weaknesses, as defined
above, as of December 31, 1995.
This report is intended solely for the information and use of management of the
Portfolios and the Securities and Exchange Commission.
Coopers & Lybrand L.L.P.
Boston, Massachusetts
February 16, 1996
