<PAGE> PAGE 1
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<PAGE> PAGE 2
007 C031000 N
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007 C021100 T. ROWE PRICE/JNL ESTABLISHED GROWTH
007 C031100 N
007 C011200 12
007 C021200 T. ROWE PRICE/JNL INT'L. EQUITY INVESTMENT
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012 A00AA01 THE NORTHERN TRUST COMPANY
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013 A00AA01 PRICE WATERHOUSE LLP
013 B01AA01 MILWAUKEE
013 B02AA01 WI
013 B03AA01 53202
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015 C03AA01 60675
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<PAGE> PAGE 3
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015 E04AA07 X
015 A00AA08 CITIBANK, N.A.
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015 E04AA08 X
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<PAGE> PAGE 4
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<PAGE> PAGE 5
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<PAGE> PAGE 6
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<PAGE> PAGE 7
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<PAGE> PAGE 8
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<PAGE> PAGE 9
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<PAGE> PAGE 10
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<PAGE> PAGE 11
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<PAGE> PAGE 12
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<PAGE> PAGE 13
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<PAGE> PAGE 14
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<PAGE> PAGE 15
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<PAGE> PAGE 16
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<PAGE> PAGE 17
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<PAGE> PAGE 18
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<PAGE> PAGE 19
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<PAGE> PAGE 20
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<PAGE> PAGE 21
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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 32
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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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<PAGE> PAGE 36
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<PAGE> PAGE 37
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<PAGE> PAGE 38
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<PAGE> PAGE 39
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074 A000700 8
074 B000700 0
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<PAGE> PAGE 40
074 U010700 5078
074 U020700 0
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008 A000801 JACKSON NATIONAL FINANCIAL SERVICES, INC.
008 B000801 A
008 C000801 801-41015
008 D010801 LANSING
008 D020801 MI
008 D030801 48911
008 A000802 PPM AMERICA, INC.
008 B000802 S
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008 D010802 CHICAGO
008 D020802 IL
008 D030802 60606
024 000800 N
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028 A020800 0
028 A030800 0
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028 B010800 2000
028 B020800 0
028 B030800 0
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<PAGE> PAGE 41
028 H000800 0
045 000800 Y
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048 K010800 500000
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055 A000800 Y
055 B000800 N
056 000800 Y
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058 B000800 N
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060 A000800 Y
060 B000800 Y
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062 A000800 N
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<PAGE> PAGE 42
062 L000800 0.0
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066 A000800 Y
066 B000800 N
066 C000800 N
066 D000800 N
066 E000800 Y
066 F000800 N
066 G000800 N
067 000800 N
068 A000800 N
068 B000800 N
069 000800 N
070 A010800 Y
070 A020800 N
070 B010800 N
070 B020800 N
070 C010800 N
070 C020800 N
070 D010800 N
070 D020800 N
070 E010800 N
070 E020800 N
070 F010800 N
070 F020800 N
070 G010800 N
070 G020800 N
070 H010800 N
070 H020800 N
070 I010800 N
070 I020800 N
070 J010800 Y
070 J020800 N
070 K010800 Y
070 K020800 N
070 L010800 Y
070 L020800 N
070 M010800 N
070 M020800 N
070 N010800 Y
070 N020800 N
070 O010800 Y
070 O020800 N
070 P010800 Y
070 P020800 N
070 Q010800 N
<PAGE> PAGE 43
070 Q020800 N
070 R010800 Y
070 R020800 N
071 A000800 2208
071 B000800 198
071 C000800 1769
071 D000800 11
072 A000800 5
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072 Y000800 12
072 Z000800 21
072AA000800 16
072BB000800 0
072CC010800 239
072CC020800 0
072DD010800 0
072DD020800 0
072EE000800 0
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074 B000800 0
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<PAGE> PAGE 44
074 H000800 0
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074 S000800 0
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008 A000901 JACKSON NATIONAL FINANCIAL SERVICES, INC.
008 B000901 A
008 C000901 801-41015
008 D010901 LANSING
008 D020901 MI
008 D030901 48911
008 A000902 SALOMON BROTHERS ASSET MANAGEMENT INC
008 B000902 S
008 C000902 801-32046
008 D010902 NEW YORK
008 D020902 NY
008 D030902 10048
024 000900 N
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<PAGE> PAGE 45
028 D010900 0
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<PAGE> PAGE 46
058 E000900 N
059 000900 Y
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063 B000900 8.1
064 A000900 N
064 B000900 N
066 A000900 N
067 000900 N
068 A000900 N
068 B000900 N
069 000900 N
070 A010900 Y
070 A020900 Y
070 B010900 N
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070 C010900 N
070 C020900 N
070 D010900 N
070 D020900 N
070 E010900 N
070 E020900 N
070 F010900 N
070 F020900 N
070 G010900 N
070 G020900 N
070 H010900 N
070 H020900 N
070 I010900 N
070 I020900 N
070 J010900 Y
<PAGE> PAGE 47
070 J020900 Y
070 K010900 Y
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070 L010900 Y
070 L020900 Y
070 M010900 Y
070 M020900 Y
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070 O010900 Y
070 O020900 N
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070 Q010900 N
070 Q020900 N
070 R010900 Y
070 R020900 N
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071 B000900 2950
071 C000900 2939
071 D000900 100
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072 Y000900 18
072 Z000900 166
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<PAGE> PAGE 48
072DD010900 0
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074 S000900 0
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074 U010900 500
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075 A000900 0
075 B000900 5041
076 000900 0.00
008 A001001 JACKSON NATIONAL FINANCIAL SERVICES, INC.
008 B001001 A
008 C001001 801-41015
008 D011001 LANSING
008 D021001 MI
008 D031001 48911
008 A001002 SALOMON BROTHERS ASSET MANAGEMENT INC
008 B001002 S
008 C001002 801-32046
008 D011002 NEW YORK
008 D021002 NY
<PAGE> PAGE 49
008 D031002 10048
024 001000 N
028 A011000 0
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028 B011000 2000
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045 001000 Y
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048 C011000 200000
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<PAGE> PAGE 50
048 I011000 0
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048 K011000 500000
048 K021000 0.550
055 A001000 Y
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058 C001000 N
058 D001000 N
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060 A001000 Y
060 B001000 Y
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062 O001000 0.0
062 P001000 11.3
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063 B001000 10.4
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 Y
070 B011000 N
070 B021000 N
070 C011000 N
<PAGE> PAGE 51
070 C021000 N
070 D011000 N
070 D021000 N
070 E011000 N
070 E021000 N
070 F011000 N
070 F021000 N
070 G011000 N
070 G021000 N
070 H011000 N
070 H021000 N
070 I011000 N
070 I021000 N
070 J011000 Y
070 J021000 Y
070 K011000 Y
070 K021000 N
070 L011000 Y
070 L021000 N
070 M011000 N
070 M021000 N
070 N011000 Y
070 N021000 N
070 O011000 Y
070 O021000 N
070 P011000 Y
070 P021000 N
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070 R011000 Y
070 R021000 N
071 A001000 5984
071 B001000 4533
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<PAGE> PAGE 52
072 Q001000 2
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<PAGE> PAGE 53
075 A001000 0
075 B001000 2024
076 001000 0.00
008 A001101 JACKSON NATIONAL FINANCIAL SERVICES, INC.
008 B001101 A
008 C001101 801-41015
008 D011101 LANSING
008 D021101 MI
008 D031101 48911
008 A001102 T. ROWE PRICE ASSOCIATES, INC.
008 B001102 S
008 C001102 801-856
008 D011102 BALTIMORE
008 D021102 MD
008 D031102 21202
024 001100 Y
025 A001101 JP MORGAN & CO., INC.
025 B001101 13-3224016
025 C001101 E
025 D001101 46
025 D001102 0
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<PAGE> PAGE 54
028 G011100 5000
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045 001100 Y
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055 A001100 N
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<PAGE> PAGE 55
062 H001100 0.0
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066 A001100 Y
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<PAGE> PAGE 56
070 O021100 N
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<PAGE> PAGE 57
074 D001100 0
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008 A001201 JACKSON NATIONAL FINANCIAL SERVICES, INC.
008 B001201 A
008 C001201 801-41015
008 D011201 LANSING
008 D021201 MI
008 D031201 48911
008 A001202 ROWE-PRICE FLEMING INTERNATIONAL, INC.
008 B001202 S
008 C001202 801-14713
008 D011202 BALTIMORE
008 D021202 MD
008 D031202 21202
024 001200 N
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<PAGE> PAGE 58
028 C011200 0
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045 001200 Y
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055 A001200 N
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<PAGE> PAGE 59
058 A001200 N
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066 A001200 Y
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<PAGE> PAGE 60
070 G021200 N
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070 J011200 Y
070 J021200 N
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<PAGE> PAGE 61
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<PAGE> PAGE 62
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<PAGE> PAGE 63
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<PAGE> PAGE 64
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<PAGE> PAGE 65
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<PAGE> PAGE 66
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SIGNATURE LARRY C. JORDAN
TITLE VICE PRESIDENT
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<EXPENSES-NET> 14289
<NET-INVESTMENT-INCOME> 99515
<REALIZED-GAINS-CURRENT> 0
<APPREC-INCREASE-CURRENT> 0
<NET-CHANGE-FROM-OPS> 99515
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 99515
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 5000000
<NUMBER-OF-SHARES-REDEEMED> 0
<SHARES-REINVESTED> 78355
<NET-CHANGE-IN-ASSETS> 5078355
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 11431
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 25470
<AVERAGE-NET-ASSETS> 5039451
<PER-SHARE-NAV-BEGIN> 1.00
<PER-SHARE-NII> .02
<PER-SHARE-GAIN-APPREC> 0
<PER-SHARE-DIVIDEND> (.02)
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 1.00
<EXPENSE-RATIO> .008
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER>8
<NAME>PPM America/jnl Value Equity Series
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> SEP-30-1995
<PERIOD-START> MAY-15-1995
<PERIOD-END> SEP-30-1995
<INVESTMENTS-AT-COST> 2026791
<INVESTMENTS-AT-VALUE> 2265475
<RECEIVABLES> 3882
<ASSETS-OTHER> 1115
<OTHER-ITEMS-ASSETS> 17705
<TOTAL-ASSETS> 2288177
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 12272
<TOTAL-LIABILITIES> 12272
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 2000000
<SHARES-COMMON-STOCK> 200000
<SHARES-COMMON-PRIOR> 0
<ACCUMULATED-NII-CURRENT> 20833
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 16388
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 238684
<NET-ASSETS> 2275905
<DIVIDEND-INCOME> 25949
<INTEREST-INCOME> 2100
<OTHER-INCOME> 0
<EXPENSES-NET> 7216
<NET-INVESTMENT-INCOME> 20833
<REALIZED-GAINS-CURRENT> 16388
<APPREC-INCREASE-CURRENT> 238684
<NET-CHANGE-FROM-OPS> 275905
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 200000
<NUMBER-OF-SHARES-REDEEMED> 0
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> 2275905
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 6013
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 19943
<AVERAGE-NET-ASSETS> 2121656
<PER-SHARE-NAV-BEGIN> 10
<PER-SHARE-NII> 0.1
<PER-SHARE-GAIN-APPREC> 1.28
<PER-SHARE-DIVIDEND> 0
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 11.38
<EXPENSE-RATIO> 0.009
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 9
<NAME> SALOMON BROTHERS/JNL GLOBAL BOND
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> SEP-30-1995
<PERIOD-START> MAY-15-1995
<PERIOD-END> SEP-30-1995
<INVESTMENTS-AT-COST> 5342317
<INVESTMENTS-AT-VALUE> 5285865
<RECEIVABLES> 117629
<ASSETS-OTHER> 1115
<OTHER-ITEMS-ASSETS> 30466
<TOTAL-ASSETS> 5435075
<PAYABLE-FOR-SECURITIES> 293438
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 20062
<TOTAL-LIABILITIES> 313500
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 5000000
<SHARES-COMMON-STOCK> 500000
<SHARES-COMMON-PRIOR> 0
<ACCUMULATED-NII-CURRENT> 165626
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 12401
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> (56452)
<NET-ASSETS> 5121575
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 184669
<OTHER-INCOME> 0
<EXPENSES-NET> 19043
<NET-INVESTMENT-INCOME> 165626
<REALIZED-GAINS-CURRENT> 12401
<APPREC-INCREASE-CURRENT> (56452)
<NET-CHANGE-FROM-OPS> 121575
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 500000
<NUMBER-OF-SHARES-REDEEMED> 0
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> 5121575
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 16197
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 37918
<AVERAGE-NET-ASSETS> 5040686
<PER-SHARE-NAV-BEGIN> 10.00
<PER-SHARE-NII> .33
<PER-SHARE-GAIN-APPREC> (.09)
<PER-SHARE-DIVIDEND> 0
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 10.24
<EXPENSE-RATIO> .01
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER>10
<NAME>Salomon Brothers/JNL U.S. Gov. & Quality Bond Series
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> SEP-30-1995
<PERIOD-START> MAY-15-1995
<PERIOD-END> SEP-30-1995
<INVESTMENTS-AT-COST> 2857224
<INVESTMENTS-AT-VALUE> 2862043
<RECEIVABLES> 17106
<ASSETS-OTHER> 1115
<OTHER-ITEMS-ASSETS> 706
<TOTAL-ASSETS> 2880970
<PAYABLE-FOR-SECURITIES> 815370
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 12268
<TOTAL-LIABILITIES> 827638
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 2000000
<SHARES-COMMON-STOCK> 200000
<SHARES-COMMON-PRIOR> 0
<ACCUMULATED-NII-CURRENT> 40117
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 8396
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 4819
<NET-ASSETS> 2053332
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 46891
<OTHER-INCOME> 0
<EXPENSES-NET> 6774
<NET-INVESTMENT-INCOME> 40117
<REALIZED-GAINS-CURRENT> 8396
<APPREC-INCREASE-CURRENT> 4819
<NET-CHANGE-FROM-OPS> 53332
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 200000
<NUMBER-OF-SHARES-REDEEMED> 0
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> 2053332
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 5356
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 19283
<AVERAGE-NET-ASSETS> 2023887
<PER-SHARE-NAV-BEGIN> 10
<PER-SHARE-NII> 0.2
<PER-SHARE-GAIN-APPREC> 0.07
<PER-SHARE-DIVIDEND> 0
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 10.27
<EXPENSE-RATIO> 0.009
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER>11
<NAME>T. Rowe Price/JNL Established Growth Series
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> SEP-30-1995
<PERIOD-START> MAY-15-1995
<PERIOD-END> SEP-30-1995
<INVESTMENTS-AT-COST> 5177017
<INVESTMENTS-AT-VALUE> 5859134
<RECEIVABLES> 6593
<ASSETS-OTHER> 1115
<OTHER-ITEMS-ASSETS> 12148
<TOTAL-ASSETS> 5878990
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 20756
<TOTAL-LIABILITIES> 20756
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 5000000
<SHARES-COMMON-STOCK> 500000
<SHARES-COMMON-PRIOR> 0
<ACCUMULATED-NII-CURRENT> 24049
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 152054
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 682131
<NET-ASSETS> 5858234
<DIVIDEND-INCOME> 31581
<INTEREST-INCOME> 13120
<OTHER-INCOME> 0
<EXPENSES-NET> 20652
<NET-INVESTMENT-INCOME> 24049
<REALIZED-GAINS-CURRENT> 152054
<APPREC-INCREASE-CURRENT> 682131
<NET-CHANGE-FROM-OPS> 858234
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 500000
<NUMBER-OF-SHARES-REDEEMED> 0
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> 5858234
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 17573
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 39988
<AVERAGE-NET-ASSETS> 5470871
<PER-SHARE-NAV-BEGIN> 10
<PER-SHARE-NII> 0.05
<PER-SHARE-GAIN-APPREC> 1.67
<PER-SHARE-DIVIDEND> 0
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 11.72
<EXPENSE-RATIO> 0.01
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 12
<NAME> T. ROWE PRICE/JNL MID-CAP GROWTH
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> SEP-30-1995
<PERIOD-START> MAY-15-1995
<PERIOD-END> SEP-30-1995
<INVESTMENTS-AT-COST> 18590936
<INVESTMENTS-AT-VALUE> 19504807
<RECEIVABLES> 54743
<ASSETS-OTHER> 1115
<OTHER-ITEMS-ASSETS> 1390086
<TOTAL-ASSETS> 20950751
<PAYABLE-FOR-SECURITIES> 21537
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 73788
<TOTAL-LIABILITIES> 95325
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 20000000
<SHARES-COMMON-STOCK> 2000000
<SHARES-COMMON-PRIOR> 0
<ACCUMULATED-NII-CURRENT> 97234
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (159093)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 917285
<NET-ASSETS> 20855426
<DIVIDEND-INCOME> 130133
<INTEREST-INCOME> 63915
<OTHER-INCOME> 0
<EXPENSES-NET> 96814
<NET-INVESTMENT-INCOME> 97234
<REALIZED-GAINS-CURRENT> (159093)
<APPREC-INCREASE-CURRENT> 917285
<NET-CHANGE-FROM-OPS> 855426
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 2000000
<NUMBER-OF-SHARES-REDEEMED> 0
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> 20855426
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 85114
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 160551
<AVERAGE-NET-ASSETS> 20460127
<PER-SHARE-NAV-BEGIN> 10.00
<PER-SHARE-NII> .05
<PER-SHARE-GAIN-APPREC> .38
<PER-SHARE-DIVIDEND> 0
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 10.43
<EXPENSE-RATIO> .013
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER>13
<NAME>T. Rowe Price/JNL Mid-Cap Growth Series
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> SEP-30-1995
<PERIOD-START> MAY-15-1995
<PERIOD-END> SEP-30-1995
<INVESTMENTS-AT-COST> 5152276
<INVESTMENTS-AT-VALUE> 6082705
<RECEIVABLES> 103378
<ASSETS-OTHER> 1115
<OTHER-ITEMS-ASSETS> 139336
<TOTAL-ASSETS> 6326534
<PAYABLE-FOR-SECURITIES> 188858
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 21462
<TOTAL-LIABILITIES> 210320
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 5000000
<SHARES-COMMON-STOCK> 500000
<SHARES-COMMON-PRIOR> 0
<ACCUMULATED-NII-CURRENT> 7446
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 178339
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 930429
<NET-ASSETS> 6116214
<DIVIDEND-INCOME> 13273
<INTEREST-INCOME> 17282
<OTHER-INCOME> 0
<EXPENSES-NET> 23109
<NET-INVESTMENT-INCOME> 7446
<REALIZED-GAINS-CURRENT> 178339
<APPREC-INCREASE-CURRENT> 930429
<NET-CHANGE-FROM-OPS> 1116214
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 500000
<NUMBER-OF-SHARES-REDEEMED> 0
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> 6116214
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 19991
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 43110
<AVERAGE-NET-ASSETS> 5569641
<PER-SHARE-NAV-BEGIN> 10
<PER-SHARE-NII> 0.01
<PER-SHARE-GAIN-APPREC> 2.22
<PER-SHARE-DIVIDEND> 0
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 12.23
<EXPENSE-RATIO> 0.011
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
