<TABLE> <S> <C>

<ARTICLE> 6
<LEGEND>
This schedule contains summary financial information extracted from the Scudder
Variable Life Investment Fund Capital Growth Portfolio Annual Report for the
fiscal year ended December 31, 1995 and is qualified in its entirety by
reference to such financial statements.
</LEGEND>
<SERIES>
<NUMBER> 3
<NAME>  SCUDDER VARIABLE LIFE INVESTMENT FUND CAPGRO
       
<S>                           <C>
<PERIOD-TYPE>                 YEAR
<FISCAL-YEAR-END>                     DEC-31-1995
<PERIOD-START>                        JAN-01-1995
<PERIOD-END>                          DEC-31-1995
<INVESTMENTS-AT-COST>                 297,392,731
<INVESTMENTS-AT-VALUE>                335,975,227
<RECEIVABLES>                           2,102,224
<ASSETS-OTHER>                              3,743
<OTHER-ITEMS-ASSETS>                            0
<TOTAL-ASSETS>                        338,081,194
<PAYABLE-FOR-SECURITIES>                        0
<SENIOR-LONG-TERM-DEBT>                         0
<OTHER-ITEMS-LIABILITIES>                 412,714
<TOTAL-LIABILITIES>                       412,714
<SENIOR-EQUITY>                                 0
<PAID-IN-CAPITAL-COMMON>              269,393,114
<SHARES-COMMON-STOCK>                  22,392,030
<SHARES-COMMON-PRIOR>                  20,979,934
<ACCUMULATED-NII-CURRENT>               1,250,850
<OVERDISTRIBUTION-NII>                         00
<ACCUMULATED-NET-GAINS>                28,441,999
<OVERDISTRIBUTION-GAINS>                        0
<ACCUM-APPREC-OR-DEPREC>               38,582,517
<NET-ASSETS>                          337,668,480
<DIVIDEND-INCOME>                       4,002,539
<INTEREST-INCOME>                         742,001
<OTHER-INCOME>                                  0
<EXPENSES-NET>                          1,655,008
<NET-INVESTMENT-INCOME>                 3,089,532
<REALIZED-GAINS-CURRENT>               28,439,406
<APPREC-INCREASE-CURRENT>              40,615,497
<NET-CHANGE-FROM-OPS>                  72,144,435
<EQUALIZATION>                                  0
<DISTRIBUTIONS-OF-INCOME>             (2,245,727)
<DISTRIBUTIONS-OF-GAINS>              (8,804,833)
<DISTRIBUTIONS-OTHER>                           0
<NUMBER-OF-SHARES-SOLD>                 9,213,682
<NUMBER-OF-SHARES-REDEEMED>           (8,698,359)
<SHARES-REINVESTED>                       896,773
<NET-CHANGE-IN-ASSETS>                 81,137,725
<ACCUMULATED-NII-PRIOR>                   507,243
<ACCUMULATED-GAINS-PRIOR>               8,707,226
<OVERDISTRIB-NII-PRIOR>                         0
<OVERDIST-NET-GAINS-PRIOR>                      0
<GROSS-ADVISORY-FEES>                   1,383,919
<INTEREST-EXPENSE>                              0
<GROSS-EXPENSE>                         1,655,008
<AVERAGE-NET-ASSETS>                  291,491,359
<PER-SHARE-NAV-BEGIN>                       12.23
<PER-SHARE-NII>                              0.14
<PER-SHARE-GAIN-APPREC>                      3.25
<PER-SHARE-DIVIDEND>                       (0.11)
<PER-SHARE-DISTRIBUTIONS>                  (0.43)
<RETURNS-OF-CAPITAL>                            0
<PER-SHARE-NAV-END>                         15.08
<EXPENSE-RATIO>                              0.57
<AVG-DEBT-OUTSTANDING>                          0
<AVG-DEBT-PER-SHARE>                            0
        

</TABLE>