<TABLE> <S> <C>

<ARTICLE> 6
<LEGEND>
This schedule contains summary financial information extracted from the Scudder
Variable Life Investment Fund Bond 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> 2
<NAME>  SCUDDER VARIABLE LIFE INVESTMENT FUND BOND
       
<S>                           <C>
<PERIOD-TYPE>                 YEAR

<FISCAL-YEAR-END>                     DEC-31-1995
<PERIOD-START>                        JAN-01-1995
<PERIOD-END>                          DEC-31-1995
<INVESTMENTS-AT-COST>                 100,910,726
<INVESTMENTS-AT-VALUE>                104,360,913
<RECEIVABLES>                          12,166,968
<ASSETS-OTHER>                             13,649
<OTHER-ITEMS-ASSETS>                            0
<TOTAL-ASSETS>                        116,541,530
<PAYABLE-FOR-SECURITIES>                        0
<SENIOR-LONG-TERM-DEBT>                         0
<OTHER-ITEMS-LIABILITIES>              44,027,073
<TOTAL-LIABILITIES>                    44,027,073
<SENIOR-EQUITY>                                 0
<PAID-IN-CAPITAL-COMMON>               66,919,896
<SHARES-COMMON-STOCK>                  10,126,562
<SHARES-COMMON-PRIOR>                  21,973,579
<ACCUMULATED-NII-CURRENT>               2,587,204
<OVERDISTRIBUTION-NII>                          0
<ACCUMULATED-NET-GAINS>                 (422,732)
<OVERDISTRIBUTION-GAINS>                        0
<ACCUM-APPREC-OR-DEPREC>                3,430,089
<NET-ASSETS>                           72,514,457
<DIVIDEND-INCOME>                               0
<INTEREST-INCOME>                       9,483,844
<OTHER-INCOME>                                  0
<EXPENSES-NET>                            776,678
<NET-INVESTMENT-INCOME>                 8,707,166
<REALIZED-GAINS-CURRENT>                5,636,324
<APPREC-INCREASE-CURRENT>               8,197,950
<NET-CHANGE-FROM-OPS>                  22,541,440
<EQUALIZATION>                                  0
<DISTRIBUTIONS-OF-INCOME>             (9,011,114)
<DISTRIBUTIONS-OF-GAINS>                        0
<DISTRIBUTIONS-OTHER>                           0
<NUMBER-OF-SHARES-SOLD>                 8,433,349
<NUMBER-OF-SHARES-REDEEMED>          (21,623,990)
<SHARES-REINVESTED>                     1,343,624
<NET-CHANGE-IN-ASSETS>               (69,890,155)
<ACCUMULATED-NII-PRIOR>                 2,188,157
<ACCUMULATED-GAINS-PRIOR>             (5,607,148)
<OVERDISTRIB-NII-PRIOR>                         0
<OVERDIST-NET-GAINS-PRIOR>                      0
<GROSS-ADVISORY-FEES>                     657,112
<INTEREST-EXPENSE>                              0
<GROSS-EXPENSE>                           776,678
<AVERAGE-NET-ASSETS>                  138,338,371
<PER-SHARE-NAV-BEGIN>                        6.48
<PER-SHARE-NII>                              0.44
<PER-SHARE-GAIN-APPREC>                      0.69
<PER-SHARE-DIVIDEND>                       (0.45)
<PER-SHARE-DISTRIBUTIONS>                    0.00
<RETURNS-OF-CAPITAL>                            0
<PER-SHARE-NAV-END>                          7.16
<EXPENSE-RATIO>                              0.56
<AVG-DEBT-OUTSTANDING>                          0
<AVG-DEBT-PER-SHARE>                            0
        

</TABLE>