<TABLE> <S> <C>


<ARTICLE>                                           7
<LEGEND>
     Exhibit 27                                     Financial Data Schedule


First Great-West Life & Annuity Insurance Company as of and for the period ended
September 30, 1998 (000s)
</LEGEND>
<CIK>                         0001036213
<NAME>                        First Great-West Life & Annuity Insurance Company
<MULTIPLIER>                                            1,000
<CURRENCY>                                              U.S.>
                                                         
<S>                                                     <C>
<PERIOD-TYPE>                                           3-MOS
<FISCAL-YEAR-END>                                       DEC-31-1998
<PERIOD-START>                                          JUL-01-1998
<PERIOD-END>                                            SEP-30-1998
<EXCHANGE-RATE>                                         1
<DEBT-HELD-FOR-SALE>                                                   60430
<DEBT-CARRYING-VALUE>                                                  14500
<DEBT-MARKET-VALUE>                                                    15237
<EQUITIES>                                                                 0
<MORTGAGE>                                                                 0
<REAL-ESTATE>                                                              0
<TOTAL-INVEST>                                                         74930
<CASH>                                                                  9473
<RECOVER-REINSURE>                                                       267
<DEFERRED-ACQUISITION>                                                     0
<TOTAL-ASSETS>                                                        105818
<POLICY-LOSSES>                                                        63503
<UNEARNED-PREMIUMS>                                                        0
<POLICY-OTHER>                                                             0
<POLICY-HOLDER-FUNDS>                                                      0
<NOTES-PAYABLE>                                                            0
<PREFERRED-MANDATORY>                                                      0
<PREFERRED>                                                                0
<COMMON>                                                                2500
<OTHER-SE>                                                             14031
<TOTAL-LIABILITY-AND-EQUITY>                                          105818
<PREMIUMS>                                                                94
<INVESTMENT-INCOME>                                                     2078
<INVESTMENT-GAINS>                                                        74
<OTHER-INCOME>                                                             0
<BENEFITS>                                                               904
<UNDERWRITING-AMORTIZATION>                                                0
<UNDERWRITING-OTHER>                                                       0
<INCOME-PRETAX>                                                          288
<INCOME-TAX>                                                            1054
<INCOME-CONTINUING>                                                      441
<DISCONTINUED>                                                           613
<EXTRAORDINARY>                                                            0
<CHANGES>                                                                  0
<NET-INCOME>                                                               0
<EPS-PRIMARY>                                                            613
<EPS-DILUTED>                                           0
<RESERVE-OPEN>                                          0
<PROVISION-CURRENT>                                     0
<PROVISION-PRIOR>                                       0
<PAYMENTS-CURRENT>                                      0
<PAYMENTS-PRIOR>                                        0
<RESERVE-CLOSE>                                         0
<CUMULATIVE-DEFICIENCY>                                 0
        

</TABLE>