<PAGE> PAGE 1
000 B000000 12/31/98
000 C000000 0000935070
000 D000000 N
000 E000000 NF
000 F000000 Y
000 G000000 N
000 H000000 N
000 I000000 3.0
000 J000000 A
001 A000000 AETNA GENERATION PORTFOLIOS, INC.
001 B000000 811-8934
001 C000000 8602754130
002 A000000 10 STATE HOUSE SQUARE
002 B000000 HARTFORD
002 C000000 CT
002 D010000 06103
003 000000 N
004 000000 N
005 000000 N
006 000000 N
007 A000000 Y
007 B000000 3
007 C010100 1
007 C020100 AETNA ASCENT VP
007 C030100 N
007 C010200 2
007 C020200 AETNA CROSSROADS VP
007 C030200 N
007 C010300 3
007 C020300 AETNA LEGACY VP
007 C030300 N
007 C010400 4
007 C010500 5
007 C010600 6
007 C010700 7
007 C010800 8
007 C010900 9
007 C011000 10
008 A00AA01 AELTUS INVESTMENT MANAGEMENT, INC.
008 B00AA01 A
008 C00AA01 801-9046
008 D01AA01 HARTFORD
008 D02AA01 CT
008 D03AA01 06103
008 A00AA02 DELETE
010 A00AA01 AELTUS INVESTMENT MANAGEMENT, INC.
010 C01AA01 HARTFORD
010 C02AA01 CT
010 C03AA01 06103
011 A00AA01 AETNA LIFE INSURANCE AND ANNUITY COMPANY
011 B00AA01 8-13256
<PAGE> PAGE 2
011 C01AA01 HARTFORD
011 C02AA01 CT
011 C03AA01 06156
012 A00AA01 FIRST DATA INVESTOR SERVICES GROUP, INC.
012 B00AA01 85-00000
012 C01AA01 WESTBOROUGH
012 C02AA01 MA
012 C03AA01 01581
012 C04AA01 5120
012 A00AA02 DELETE
013 A00AA01 KPMG LLP
013 B01AA01 HARTFORD
013 B02AA01 CT
013 B03AA01 06103
013 B04AA01 4103
014 A00AA01 AETNA LIFE INSURANCE AND ANNUITY COMPANY
014 B00AA01 8-15409
014 A00AA02 AETNA INVESTMENT SERVICES, INC.
014 B00AA02 8-46451
014 A00AA03 SYSTEMATIZED BENEFITS ADMINISTRATORS, INC.
014 B00AA03 8-37340
014 A00AA04 AELTUS CAPITAL, INC.
014 B00AA04 8-41464
014 A00AA05 AETNA FINANCIAL SERVICES, INC.
014 B00AA05 8-19393
014 A00AA06 FINANCIAL NETWORK INVESTMENT CORP.
014 B00AA06 8-47432
015 A00AA01 MELLON BANK NA
015 B00AA01 C
015 C01AA01 PITTSBURGH
015 C02AA01 PA
015 C03AA01 15258
015 E01AA01 X
018 00AA00 Y
019 A00AA00 Y
019 B00AA00 45
019 C00AA00 VAR--FUNDS
020 A000001 LEHMAN BROTHERS
020 C000001 113
020 A000002 GOLDMAN SACHS
020 C000002 105
020 A000003 SALOMON SMITH BARNEY
020 C000003 99
020 A000004 MERRILL LYNCH
020 C000004 91
020 A000005 DONALDSON LUFKIN & JENRETTE
020 C000005 81
020 A000006 MORGAN STANLEY & CO.
020 C000006 76
020 A000007 ITG
020 C000007 72
<PAGE> PAGE 3
020 A000008 J.P. MORGAN
020 C000008 51
020 A000009 FIRST BOSTON
020 C000009 50
020 A000010 PAINE WEBBER
020 C000010 39
021 000000 1283
022 A000001 LEHMAN BROTHERS INC.
022 C000001 3667552
022 D000001 3661181
022 A000002 GOLDMAN SACHS & CO.
022 C000002 2294356
022 D000002 2296157
022 A000003 MERRILL LYNCH
022 C000003 1326107
022 D000003 1303951
022 A000004 J.P. MORGAN
022 C000004 1259363
022 D000004 1178386
022 A000005 FIRST BOSTON CORP.
022 C000005 835797
022 D000005 831354
022 A000006 MORGAN STANLEY & CO.
022 C000006 446852
022 D000006 462580
022 A000007 CITICORP
022 C000007 424840
022 D000007 439514
022 A000008 BANK OF AMERICA
022 C000008 318419
022 D000008 318517
022 A000009 PAINE WEBBER, MITCHELL HUTCHINS
022 C000009 187059
022 D000009 177151
022 A000010 PRUDENTIAL SECURITIES
022 C000010 81869
022 D000010 77169
023 C000000 11400785
023 D000000 11216084
026 A000000 N
026 B000000 Y
026 C000000 Y
026 D000000 Y
026 E000000 Y
026 F000000 N
026 G010000 N
026 G020000 N
026 H000000 N
027 000000 Y
029 00AA00 N
030 A00AA00 0
<PAGE> PAGE 4
030 B00AA00 0.00
030 C00AA00 0.00
031 A00AA00 0
031 B00AA00 0
032 00AA00 0
033 00AA00 0
034 00AA00 N
035 00AA00 0
036 B00AA00 0
037 00AA00 N
038 00AA00 0
039 00AA00 Y
040 00AA00 N
042 A00AA00 0
042 B00AA00 0
042 C00AA00 0
042 D00AA00 0
042 E00AA00 0
042 F00AA00 0
042 G00AA00 0
042 H00AA00 0
043 00AA00 0
044 00AA00 0
045 00AA00 Y
046 00AA00 N
047 00AA00 Y
048 00AA00 0.600
048 A01AA00 0
048 A02AA00 0.000
048 B01AA00 0
048 B02AA00 0.000
048 C01AA00 0
048 C02AA00 0.000
048 D01AA00 0
048 D02AA00 0.000
048 E01AA00 0
048 E02AA00 0.000
048 F01AA00 0
048 F02AA00 0.000
048 G01AA00 0
048 G02AA00 0.000
048 H01AA00 0
048 H02AA00 0.000
048 I01AA00 0
048 I02AA00 0.000
048 J01AA00 0
048 J02AA00 0.000
048 K01AA00 0
048 K02AA00 0.000
049 00AA00 N
050 00AA00 N
<PAGE> PAGE 5
051 00AA00 N
052 00AA00 N
053 A00AA00 Y
053 B00AA00 Y
054 A00AA00 N
054 B00AA00 N
054 C00AA00 N
054 D00AA00 N
054 E00AA00 N
054 F00AA00 N
054 G00AA00 N
054 H00AA00 N
054 I00AA00 N
054 J00AA00 N
054 K00AA00 N
054 L00AA00 N
054 M00AA00 N
054 N00AA00 N
054 O00AA00 N
055 A00AA00 N
055 B00AA00 N
056 00AA00 Y
057 00AA00 N
058 A00AA00 N
059 00AA00 Y
060 A00AA00 Y
060 B00AA00 Y
061 00AA00 0
062 A00AA00 N
062 B00AA00 0.0
062 C00AA00 0.0
062 D00AA00 0.0
062 E00AA00 0.0
062 F00AA00 0.0
062 G00AA00 0.0
062 H00AA00 0.0
062 I00AA00 0.0
062 J00AA00 0.0
062 K00AA00 0.0
062 L00AA00 0.0
062 M00AA00 0.0
062 N00AA00 0.0
062 O00AA00 0.0
062 P00AA00 0.0
062 Q00AA00 0.0
062 R00AA00 0.0
077 A000000 N
078 000000 N
080 A00AA00 NATIONAL UNION FIRE INSURANCE COMPANY
080 B00AA00 GULF INSURANCE COMPANY
080 C00AA00 15000
<PAGE> PAGE 6
081 A00AA00 Y
081 B00AA00 44
082 A00AA00 N
082 B00AA00 0
083 A00AA00 N
083 B00AA00 0
084 A00AA00 N
084 B00AA00 0
085 A00AA00 Y
085 B00AA00 N
086 A010000 0
086 A020000 0
086 B010000 0
086 B020000 0
086 C010000 0
086 C020000 0
086 D010000 0
086 D020000 0
086 E010000 0
086 E020000 0
086 F010000 0
086 F020000 0
024 000100 Y
025 A000101 MORGAN STANLEY DEAN WITTER
025 C000101 E
025 D000101 84
025 A000102 DELETE
025 D000102 0
025 A000103 DELETE
025 D000103 0
025 A000104 DELETE
025 D000104 0
025 A000105 DELETE
025 D000105 0
025 A000106 DELETE
025 D000106 0
025 A000107 DELETE
025 D000107 0
025 A000108 DELETE
025 D000108 0
025 A000109 DELETE
025 D000109 0
025 A000110 DELETE
025 D000110 0
025 A000111 DELETE
025 D000111 0
025 A000112 DELETE
025 D000112 0
025 A000113 DELETE
025 D000113 0
025 A000114 DELETE
<PAGE> PAGE 7
025 D000114 0
025 A000115 DELETE
025 D000115 0
025 A000116 DELETE
025 D000116 0
025 A000117 DELETE
025 D000117 0
025 A000118 DELETE
025 D000118 0
025 A000119 DELETE
025 D000119 0
025 A000120 DELETE
025 D000120 0
025 A000121 DELETE
025 D000121 0
025 D000122 0
025 D000123 0
025 D000124 0
028 A010100 3970
028 A020100 0
028 A030100 0
028 A040100 1982
028 B010100 4719
028 B020100 0
028 B030100 0
028 B040100 1891
028 C010100 5617
028 C020100 0
028 C030100 0
028 C040100 182
028 D010100 2104
028 D020100 0
028 D030100 0
028 D040100 558
028 E010100 3536
028 E020100 0
028 E030100 0
028 E040100 324
028 F010100 2610
028 F020100 8210
028 F030100 0
028 F040100 1699
028 G010100 22556
028 G020100 8210
028 G030100 0
028 G040100 6636
028 H000100 0
063 A000100 0
063 B000100 0.0
066 A000100 Y
066 B000100 N
<PAGE> PAGE 8
066 C000100 Y
066 D000100 N
066 E000100 N
066 F000100 N
066 G000100 N
067 000100 N
068 A000100 N
068 B000100 N
069 000100 N
070 A010100 Y
070 A020100 N
070 B010100 Y
070 B020100 N
070 C010100 Y
070 C020100 N
070 D010100 Y
070 D020100 N
070 E010100 Y
070 E020100 Y
070 F010100 Y
070 F020100 Y
070 G010100 Y
070 G020100 N
070 H010100 Y
070 H020100 N
070 I010100 N
070 I020100 N
070 J010100 Y
070 J020100 Y
070 K010100 Y
070 K020100 Y
070 L010100 Y
070 L020100 Y
070 M010100 Y
070 M020100 Y
070 N010100 Y
070 N020100 N
070 O010100 Y
070 O020100 N
070 P010100 Y
070 P020100 Y
070 Q010100 N
070 Q020100 N
070 R010100 Y
070 R020100 N
071 A000100 241061
071 B000100 174751
071 C000100 167495
071 D000100 104
072 A000100 12
072 B000100 1522
<PAGE> PAGE 9
072 C000100 4644
072 D000100 0
072 E000100 0
072 F000100 1107
072 G000100 180
072 H000100 0
072 I000100 2
072 J000100 60
072 K000100 0
072 L000100 9
072 M000100 3
072 N000100 5
072 O000100 0
072 P000100 0
072 Q000100 0
072 R000100 12
072 S000100 0
072 T000100 0
072 U000100 0
072 V000100 0
072 W000100 2
072 X000100 1380
072 Y000100 0
072 Z000100 4786
072AA000100 3840
072BB000100 0
072CC010100 0
072CC020100 1926
072DD010100 4979
072DD020100 0
072EE000100 4835
073 A010100 0.3500
073 A020100 0.0000
073 B000100 0.3500
073 C000100 0.0000
074 A000100 1334
074 B000100 0
074 C000100 10561
074 D000100 9266
074 E000100 879
074 F000100 185279
074 G000100 0
074 H000100 0
074 I000100 0
074 J000100 1856
074 K000100 0
074 L000100 920
074 M000100 68
074 N000100 210163
074 O000100 2190
074 P000100 0
<PAGE> PAGE 10
074 Q000100 0
074 R010100 0
074 R020100 0
074 R030100 0
074 R040100 377
074 S000100 0
074 T000100 207596
074 U010100 14807
074 U020100 0
074 V010100 14.02
074 V020100 0.00
074 W000100 0.0000
074 X000100 56
074 Y000100 99
075 A000100 0
075 B000100 183611
076 000100 0.00
024 000200 Y
025 A000201 MORGAN STANLEY DEAN WITTER
025 C000201 E
025 D000201 278
025 A000202 DELETE
025 D000202 0
025 A000203 DELETE
025 D000203 0
025 A000204 DELETE
025 D000204 0
025 A000205 DELETE
025 D000205 0
025 A000206 DELETE
025 D000206 0
025 A000207 DELETE
025 D000207 0
025 A000208 DELETE
025 D000208 0
025 A000209 DELETE
025 D000209 0
025 A000210 DELETE
025 D000210 0
025 A000211 DELETE
025 D000211 0
025 A000212 DELETE
025 D000212 0
025 A000213 DELETE
025 D000213 0
025 A000214 DELETE
025 D000214 0
025 A000215 DELETE
025 D000215 0
025 A000216 DELETE
025 D000216 0
<PAGE> PAGE 11
025 A000217 DELETE
025 D000217 0
025 A000218 DELETE
025 D000218 0
025 A000219 DELETE
025 D000219 0
025 A000220 DELETE
025 D000220 0
025 D000221 0
025 D000222 0
025 D000223 0
025 D000224 0
028 A010200 4365
028 A020200 0
028 A030200 0
028 A040200 21
028 B010200 4265
028 B020200 0
028 B030200 0
028 B040200 681
028 C010200 5288
028 C020200 0
028 C030200 0
028 C040200 766
028 D010200 2091
028 D020200 0
028 D030200 0
028 D040200 1723
028 E010200 3104
028 E020200 0
028 E030200 0
028 E040200 864
028 F010200 2722
028 F020200 6699
028 F030200 0
028 F040200 1727
028 G010200 21835
028 G020200 6699
028 G030200 0
028 G040200 5782
028 H000200 0
063 A000200 0
063 B000200 0.0
066 A000200 Y
066 B000200 N
066 C000200 N
066 D000200 N
066 E000200 N
066 F000200 N
066 G000200 Y
067 000200 N
<PAGE> PAGE 12
068 A000200 N
068 B000200 N
069 000200 N
070 A010200 Y
070 A020200 N
070 B010200 Y
070 B020200 N
070 C010200 Y
070 C020200 N
070 D010200 Y
070 D020200 N
070 E010200 Y
070 E020200 Y
070 F010200 Y
070 F020200 Y
070 G010200 Y
070 G020200 N
070 H010200 Y
070 H020200 N
070 I010200 N
070 I020200 N
070 J010200 Y
070 J020200 Y
070 K010200 Y
070 K020200 Y
070 L010200 Y
070 L020200 Y
070 M010200 Y
070 M020200 Y
070 N010200 Y
070 N020200 N
070 O010200 Y
070 O020200 N
070 P010200 Y
070 P020200 Y
070 Q010200 N
070 Q020200 N
070 R010200 Y
070 R020200 N
071 A000200 202396
071 B000200 145009
071 C000200 140868
071 D000200 103
072 A000200 12
072 B000200 3461
072 C000200 3161
072 D000200 0
072 E000200 0
072 F000200 1013
072 G000200 163
072 H000200 0
<PAGE> PAGE 13
072 I000200 2
072 J000200 58
072 K000200 0
072 L000200 8
072 M000200 3
072 N000200 4
072 O000200 0
072 P000200 0
072 Q000200 0
072 R000200 12
072 S000200 0
072 T000200 0
072 U000200 0
072 V000200 0
072 W000200 2
072 X000200 1265
072 Y000200 0
072 Z000200 5357
072AA000200 1982
072BB000200 0
072CC010200 1113
072CC020200 0
072DD010200 5666
072DD020200 0
072EE000200 1755
073 A010200 0.4100
073 A020200 0.0000
073 B000200 0.1300
073 C000200 0.0000
074 A000200 1213
074 B000200 0
074 C000200 29358
074 D000200 31481
074 E000200 679
074 F000200 130985
074 G000200 0
074 H000200 0
074 I000200 0
074 J000200 955
074 K000200 0
074 L000200 1191
074 M000200 36
074 N000200 195898
074 O000200 2020
074 P000200 0
074 Q000200 0
074 R010200 0
074 R020200 0
074 R030200 0
074 R040200 316
074 S000200 0
<PAGE> PAGE 14
074 T000200 193562
074 U010200 14533
074 U020200 0
074 V010200 13.32
074 V020200 0.00
074 W000200 0.0000
074 X000200 41
074 Y000200 348
075 A000200 0
075 B000200 168010
076 000200 0.00
024 000300 N
025 A000301 DELETE
025 D000301 0
025 A000302 DELETE
025 D000302 0
025 A000303 DELETE
025 D000303 0
025 A000304 DELETE
025 D000304 0
025 A000305 DELETE
025 D000305 0
025 A000306 DELETE
025 D000306 0
025 A000307 DELETE
025 D000307 0
025 A000308 DELETE
025 D000308 0
025 A000309 DELETE
025 D000309 0
025 A000310 DELETE
025 D000310 0
025 A000311 DELETE
025 D000311 0
025 A000312 DELETE
025 D000312 0
025 A000313 DELETE
025 D000313 0
025 A000314 DELETE
025 D000314 0
025 A000315 DELETE
025 D000315 0
025 A000316 DELETE
025 D000316 0
025 A000317 DELETE
025 D000317 0
025 A000318 DELETE
025 D000318 0
025 A000319 DELETE
025 D000319 0
025 A000320 DELETE
<PAGE> PAGE 15
025 D000320 0
025 A000321 DELETE
025 D000321 0
025 D000322 0
025 D000323 0
025 D000324 0
028 A010300 11285
028 A020300 0
028 A030300 0
028 A040300 527
028 B010300 6459
028 B020300 0
028 B030300 0
028 B040300 2397
028 C010300 6449
028 C020300 0
028 C030300 0
028 C040300 5498
028 D010300 1805
028 D020300 0
028 D030300 0
028 D040300 2293
028 E010300 2011
028 E020300 0
028 E030300 0
028 E040300 1722
028 F010300 3642
028 F020300 5931
028 F030300 0
028 F040300 2359
028 G010300 31651
028 G020300 5931
028 G030300 0
028 G040300 14796
028 H000300 0
063 A000300 0
063 B000300 0.0
066 A000300 Y
066 B000300 N
066 C000300 N
066 D000300 N
066 E000300 N
066 F000300 N
066 G000300 Y
067 000300 N
068 A000300 N
068 B000300 N
069 000300 N
070 A010300 Y
070 A020300 N
070 B010300 Y
<PAGE> PAGE 16
070 B020300 N
070 C010300 Y
070 C020300 N
070 D010300 Y
070 D020300 N
070 E010300 Y
070 E020300 Y
070 F010300 Y
070 F020300 Y
070 G010300 Y
070 G020300 N
070 H010300 Y
070 H020300 N
070 I010300 N
070 I020300 N
070 J010300 Y
070 J020300 Y
070 K010300 Y
070 K020300 Y
070 L010300 Y
070 L020300 Y
070 M010300 Y
070 M020300 Y
070 N010300 Y
070 N020300 N
070 O010300 Y
070 O020300 N
070 P010300 Y
070 P020300 Y
070 Q010300 N
070 Q020300 N
070 R010300 Y
070 R020300 N
071 A000300 142728
071 B000300 97775
071 C000300 94274
071 D000300 104
072 A000300 12
072 B000300 4022
072 C000300 1659
072 D000300 0
072 E000300 0
072 F000300 746
072 G000300 117
072 H000300 0
072 I000300 2
072 J000300 52
072 K000300 0
072 L000300 7
072 M000300 2
072 N000300 5
<PAGE> PAGE 17
072 O000300 0
072 P000300 0
072 Q000300 0
072 R000300 12
072 S000300 0
072 T000300 0
072 U000300 0
072 V000300 0
072 W000300 1
072 X000300 944
072 Y000300 0
072 Z000300 4737
072AA000300 1478
072BB000300 0
072CC010300 765
072CC020300 0
072DD010300 4685
072DD020300 0
072EE000300 1729
073 A010300 0.4100
073 A020300 0.0000
073 B000300 0.1600
073 C000300 0.0000
074 A000300 762
074 B000300 0
074 C000300 35838
074 D000300 40310
074 E000300 350
074 F000300 70299
074 G000300 0
074 H000300 0
074 I000300 0
074 J000300 521
074 K000300 0
074 L000300 1816
074 M000300 46
074 N000300 149942
074 O000300 1164
074 P000300 0
074 Q000300 0
074 R010300 0
074 R020300 0
074 R030300 0
074 R040300 252
074 S000300 0
074 T000300 148526
074 U010300 12005
074 U020300 0
074 V010300 12.37
074 V020300 0.00
074 W000300 0.0000
<PAGE> PAGE 18
074 X000300 20
074 Y000300 99
075 A000300 0
075 B000300 123674
076 000300 0.00
SIGNATURE J. SCOTT FOX
TITLE PRESIDENT
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000935070
<NAME> AETNA GENERATIONS PORTFOLIOS, INC.
<SERIES>
<NUMBER> 01
<NAME> AETNA ASCENT VP
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> DEC-31-1998
<PERIOD-START> JAN-01-1998
<PERIOD-END> DEC-31-1998
<INVESTMENTS-AT-COST> 195,903,523
<INVESTMENTS-AT-VALUE> 205,985,154
<RECEIVABLES> 2,775,953
<ASSETS-OTHER> 1,402,008
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 210,163,115
<PAYABLE-FOR-SECURITIES> 2,190,581
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 376,718
<TOTAL-LIABILITIES> 2,567,299
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 197,721,498
<SHARES-COMMON-STOCK> 14,806,523
<SHARES-COMMON-PRIOR> 10,539,978
<ACCUMULATED-NII-CURRENT> 578,631
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 0
<OVERDISTRIBUTION-GAINS> (618,453)
<ACCUM-APPREC-OR-DEPREC> 9,914,140
<NET-ASSETS> 207,595,816
<DIVIDEND-INCOME> 4,643,771
<INTEREST-INCOME> 1,522,128
<OTHER-INCOME> 0
<EXPENSES-NET> (1,379,974)
<NET-INVESTMENT-INCOME> 4,785,925
<REALIZED-GAINS-CURRENT> 3,839,619
<APPREC-INCREASE-CURRENT> (1,925,904)
<NET-CHANGE-FROM-OPS> 6,699,640
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (4,979,306)
<DISTRIBUTIONS-OF-GAINS> (4,834,598)
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 4,231,255
<NUMBER-OF-SHARES-REDEEMED> (663,321)
<SHARES-REINVESTED> 698,611
<NET-CHANGE-IN-ASSETS> 58,785,419
<ACCUMULATED-NII-PRIOR> 402,167
<ACCUMULATED-GAINS-PRIOR> 746,371
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 1,107,075
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 1,379,974
<AVERAGE-NET-ASSETS> 183,611,088
<PER-SHARE-NAV-BEGIN> 14.12
<PER-SHARE-NII> 0.33
<PER-SHARE-GAIN-APPREC> 0.27
<PER-SHARE-DIVIDEND> (0.35)
<PER-SHARE-DISTRIBUTIONS> (0.35)
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 14.02
<EXPENSE-RATIO> 0.75
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000935070
<NAME> AETNA GENERATIONS PORTFOLIOS, INC.
<SERIES>
<NUMBER> 02
<NAME> AETNA CROSSROADS VP
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> DEC-31-1998
<PERIOD-START> JAN-01-1998
<PERIOD-END> DEC-31-1998
<INVESTMENTS-AT-COST> 182,969,864
<INVESTMENTS-AT-VALUE> 192,502,536
<RECEIVABLES> 2,145,845
<ASSETS-OTHER> 1,249,346
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 195,897,727
<PAYABLE-FOR-SECURITIES> 2,020,194
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 315,488
<TOTAL-LIABILITIES> 2,335,682
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 183,860,553
<SHARES-COMMON-STOCK> 14,533,358
<SHARES-COMMON-PRIOR> 9,399,130
<ACCUMULATED-NII-CURRENT> 289,728
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 4,547
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 9,407,217
<NET-ASSETS> 193,562,045
<DIVIDEND-INCOME> 3,161,185
<INTEREST-INCOME> 3,460,696
<OTHER-INCOME> 0
<EXPENSES-NET> (1,265,247)
<NET-INVESTMENT-INCOME> 5,356,634
<REALIZED-GAINS-CURRENT> 1,981,947
<APPREC-INCREASE-CURRENT> 1,113,364
<NET-CHANGE-FROM-OPS> 8,451,945
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (5,665,597)
<DISTRIBUTIONS-OF-GAINS> (1,755,177)
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 5,136,875
<NUMBER-OF-SHARES-REDEEMED> (561,586)
<SHARES-REINVESTED> 558,939
<NET-CHANGE-IN-ASSETS> 70,572,297
<ACCUMULATED-NII-PRIOR> 263,241
<ACCUMULATED-GAINS-PRIOR> 113,227
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 1,013,082
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 1,265,247
<AVERAGE-NET-ASSETS> 168,010,419
<PER-SHARE-NAV-BEGIN> 13.09
<PER-SHARE-NII> 0.38
<PER-SHARE-GAIN-APPREC> 0.39
<PER-SHARE-DIVIDEND> (0.41)
<PER-SHARE-DISTRIBUTIONS> (0.13)
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 13.32
<EXPENSE-RATIO> 0.75
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000935070
<NAME> AETNA GENERATIONS PORTFOLIOS, INC.
<SERIES>
<NUMBER> 03
<NAME> AETNA LEGACY VP
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> DEC-31-1998
<PERIOD-START> JAN-01-1998
<PERIOD-END> DEC-31-1998
<INVESTMENTS-AT-COST> 141,603,445
<INVESTMENTS-AT-VALUE> 146,796,429
<RECEIVABLES> 2,337,124
<ASSETS-OTHER> 808,545
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 149,942,098
<PAYABLE-FOR-SECURITIES> 1,163,659
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 252,091
<TOTAL-LIABILITIES> 1,415,750
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 143,333,731
<SHARES-COMMON-STOCK> 12,005,126
<SHARES-COMMON-PRIOR> 6,747,864
<ACCUMULATED-NII-CURRENT> 194,717
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 0
<OVERDISTRIBUTION-GAINS> (125,764)
<ACCUM-APPREC-OR-DEPREC> 5,123,664
<NET-ASSETS> 148,526,348
<DIVIDEND-INCOME> 1,659,209
<INTEREST-INCOME> 4,021,629
<OTHER-INCOME> 0
<EXPENSES-NET> (943,903)
<NET-INVESTMENT-INCOME> 4,736,935
<REALIZED-GAINS-CURRENT> 1,477,725
<APPREC-INCREASE-CURRENT> 765,471
<NET-CHANGE-FROM-OPS> 6,980,131
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (4,684,974)
<DISTRIBUTIONS-OF-GAINS> (1,728,893)
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 6,061,578
<NUMBER-OF-SHARES-REDEEMED> (1,324,436)
<SHARES-REINVESTED> 520,120
<NET-CHANGE-IN-ASSETS> 66,876,838
<ACCUMULATED-NII-PRIOR> 97,476
<ACCUMULATED-GAINS-PRIOR> 170,684
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 745,715
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 943,903
<AVERAGE-NET-ASSETS> 123,673,747
<PER-SHARE-NAV-BEGIN> 12.10
<PER-SHARE-NII> 0.41
<PER-SHARE-GAIN-APPREC> 0.43
<PER-SHARE-DIVIDEND> (0.41)
<PER-SHARE-DISTRIBUTIONS> (0.16)
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 12.37
<EXPENSE-RATIO> 0.76
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
Independent Auditors' Report
To the Board of Directors
and Shareholders
Aetna Generation
Portfolios, Inc.
In planning and performing
our audits of the
financial statements
of Aetna Ascent VP,
Aetna Crossroads VP
and Aetna Legacy VP
(collectively the "Funds")
for the year
ended December 31,
1998, we considered
their internal control,
including
procedures for
safeguarding securities,
in order to determine
our auditing
procedures for the
purpose of expressing
our opinion on the
financial statements
and to comply with
the requirements of
Form N-SAR, not to
provide assurance on
internal control.
The management of the
Funds is responsible
for establishing and
maintaining internal
control. In fulfilling
this responsibility,
estimates and judgments
by management are
required to assess
the expected benefits
and related costs
of controls. Generally,
controls that
are relevant to an audit
pertain to the
entity's objective of
preparing financial
statements for
external purposes
that are fairly presented
in conformity
with generally accepted
accounting principles.
Those controls
include the safeguarding
Because of inherent
limitations in internal
control, errors or
irregularities may occur
and not be detected.
Also, projection of
any evaluation of
internal control 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 internal control would
not necessarily
disclose all matters in
internal control 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 any specific internal
control component
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 being
audited may occur
imely period by
employees in the normal
course of performing
their assigned functions.
However, we noted no
matters involving
internal control,
including controls over
safeguarding securities,
that we consider
to be material
weaknesses as defined above
as of December 31, 1998.
This report is intended
solely for the
information and
use of management and
the Securities and
Exchange Commission
.Hartford, Connecticut
January 29, 1999