WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000808490
<NAME> SMALL CAP PORTFOLIO
       
<S>                             <C>
<PERIOD-TYPE>                   YEAR
<FISCAL-YEAR-END>                          DEC-31-1996
<PERIOD-END>                               DEC-31-1996
<INVESTMENTS-AT-COST>                         12074337
<INVESTMENTS-AT-VALUE>                        14079562
<RECEIVABLES>                                    65469
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<TOTAL-LIABILITIES>                             342100
<SENIOR-EQUITY>                                      0
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<SHARES-COMMON-STOCK>                           860011
<SHARES-COMMON-PRIOR>                           301724
<ACCUMULATED-NII-CURRENT>                            0
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                              0
<OVERDISTRIBUTION-GAINS>                        (5298)
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<NET-ASSETS>                                  13803109
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<INTEREST-INCOME>                                34600
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<EXPENSES-NET>                                  116870
<NET-INVESTMENT-INCOME>                        (78272)
<REALIZED-GAINS-CURRENT>                        (1760)
<APPREC-INCREASE-CURRENT>                      1590340
<NET-CHANGE-FROM-OPS>                          1510308
<EQUALIZATION>                                       0
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<DISTRIBUTIONS-OF-GAINS>                         40086
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                         848253
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<SHARES-REINVESTED>                               2623
<NET-CHANGE-IN-ASSETS>                         9990007
<ACCUMULATED-NII-PRIOR>                              0
<ACCUMULATED-GAINS-PRIOR>                        36548
<OVERDISTRIB-NII-PRIOR>                              0
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<PER-SHARE-NII>                                 (.091)
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</TABLE>