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

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000808490
<NAME> CASH MANAGEMENT PORTFOLIO
       
<S>                             <C>
<PERIOD-TYPE>                   YEAR
<FISCAL-YEAR-END>                          DEC-31-1996
<PERIOD-END>                               DEC-31-1996
<INVESTMENTS-AT-COST>                          8948541
<INVESTMENTS-AT-VALUE>                         8948541
<RECEIVABLES>                                    15440
<ASSETS-OTHER>                                   27786
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                                 8991767
<PAYABLE-FOR-SECURITIES>                             0
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                        68895
<TOTAL-LIABILITIES>                              68895
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                       8923612
<SHARES-COMMON-STOCK>                          8923612
<SHARES-COMMON-PRIOR>                         10095723
<ACCUMULATED-NII-CURRENT>                            0
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                              0
<OVERDISTRIBUTION-GAINS>                         (740)
<ACCUM-APPREC-OR-DEPREC>                             0
<NET-ASSETS>                                   8922872
<DIVIDEND-INCOME>                                    0
<INTEREST-INCOME>                               666415
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                   91675
<NET-INVESTMENT-INCOME>                         574740
<REALIZED-GAINS-CURRENT>                         (740)
<APPREC-INCREASE-CURRENT>                            0
<NET-CHANGE-FROM-OPS>                           574000
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                     (574740)
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                       34085496
<NUMBER-OF-SHARES-REDEEMED>                   35832335
<SHARES-REINVESTED>                             574728
<NET-CHANGE-IN-ASSETS>                       (1172851)
<ACCUMULATED-NII-PRIOR>                              0
<ACCUMULATED-GAINS-PRIOR>                            0
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                            61368
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                 189414
<AVERAGE-NET-ASSETS>                          12299740
<PER-SHARE-NAV-BEGIN>                             1.00
<PER-SHARE-NII>                                   .047
<PER-SHARE-GAIN-APPREC>                              0
<PER-SHARE-DIVIDEND>                            (.047)
<PER-SHARE-DISTRIBUTIONS>                            0
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                               1.00
<EXPENSE-RATIO>                                    .75
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        

</TABLE>