<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
June 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>                                 APR-01-1998
<PERIOD-END>                                   JUN-30-1998
<EXCHANGE-RATE>                                1
<DEBT-HELD-FOR-SALE>                                      54206
<DEBT-CARRYING-VALUE>                                         0
<DEBT-MARKET-VALUE>                                           0
<EQUITIES>                                                    0
<MORTGAGE>                                                    0
<REAL-ESTATE>                                                 0
<TOTAL-INVEST>                                            72551
<CASH>                                                     5299
<RECOVER-REINSURE>                                            0
<DEFERRED-ACQUISITION>                                      610
<TOTAL-ASSETS>                                            97851
<POLICY-LOSSES>                                           50195
<UNEARNED-PREMIUMS>                                           0
<POLICY-OTHER>                                                0
<POLICY-HOLDER-FUNDS>                                         0
<NOTES-PAYABLE>                                               0
<PREFERRED-MANDATORY>                                         0
<PREFERRED>                                                   0
<COMMON>                                                   2500
<OTHER-SE>                                                13201
<TOTAL-LIABILITY-AND-EQUITY>                              97851
<PREMIUMS>                                                   55
<INVESTMENT-INCOME>                                         798
<INVESTMENT-GAINS>                                         (16)
<OTHER-INCOME>                                                0
<BENEFITS>                                                  137
<UNDERWRITING-AMORTIZATION>                                   0
<UNDERWRITING-OTHER>                                          0
<INCOME-PRETAX>                                             129
<INCOME-TAX>                                                571
<INCOME-CONTINUING>                                         241
<DISCONTINUED>                                              330
<EXTRAORDINARY>                                               0
<CHANGES>                                                     0
<NET-INCOME>                                                  0
<EPS-PRIMARY>                                               220
<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>