AETNA GENERATION PORTFOLIOS INC
NSAR-B, 1999-02-26
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<PAGE>      PAGE  1
000 B000000 12/31/98
000 C000000 0000935070
000 D000000 N
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000 F000000 Y
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001 A000000 AETNA GENERATION PORTFOLIOS, INC.
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007 C030100 N
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008 A00AA01 AELTUS INVESTMENT MANAGEMENT, INC.
008 B00AA01 A
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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
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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
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<PAGE>      PAGE  3
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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>
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<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




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