<TABLE> <S> <C>

<ARTICLE> 6
<LEGEND>
This schedule contains summary financial information extracted from the Scudder
Variable Life Investment Fund Balanced 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> 4
<NAME>  SCUDDER VARIABLE LIFE INVESTMENT FUND BALANCED
       
<S>                           <C>
<PERIOD-TYPE>                 YEAR
<FISCAL-YEAR-END>                     DEC-31-1995
<PERIOD-START>                        JAN-01-1995
<PERIOD-END>                          DEC-31-1995
<INVESTMENTS-AT-COST>                  58,419,414
<INVESTMENTS-AT-VALUE>                 67,346,560
<RECEIVABLES>                             693,935
<ASSETS-OTHER>                              5,350
<OTHER-ITEMS-ASSETS>                            0
<TOTAL-ASSETS>                         68,045,845
<PAYABLE-FOR-SECURITIES>                        0
<SENIOR-LONG-TERM-DEBT>                         0
<OTHER-ITEMS-LIABILITIES>                 120,056
<TOTAL-LIABILITIES>                       120,056
<SENIOR-EQUITY>                                 0
<PAID-IN-CAPITAL-COMMON>               56,689,203
<SHARES-COMMON-STOCK>                   6,206,064
<SHARES-COMMON-PRIOR>                   5,076,236
<ACCUMULATED-NII-CURRENT>                 483,837
<OVERDISTRIBUTION-NII>                          0
<ACCUMULATED-NET-GAINS>                 1,831,568
<OVERDISTRIBUTION-GAINS>                        0
<ACCUM-APPREC-OR-DEPREC>                8,921,181
<NET-ASSETS>                           67,925,789
<DIVIDEND-INCOME>                         564,132
<INTEREST-INCOME>                       1,516,654
<OTHER-INCOME>                                  0
<EXPENSES-NET>                            370,893
<NET-INVESTMENT-INCOME>                 1,709,893
<REALIZED-GAINS-CURRENT>                2,307,029
<APPREC-INCREASE-CURRENT>               9,159,100
<NET-CHANGE-FROM-OPS>                  13,176,022
<EQUALIZATION>                                  0
<DISTRIBUTIONS-OF-INCOME>             (1,673,390)
<DISTRIBUTIONS-OF-GAINS>                (316,977)
<DISTRIBUTIONS-OTHER>                           0
<NUMBER-OF-SHARES-SOLD>                 1,667,336
<NUMBER-OF-SHARES-REDEEMED>             (741,962)
<SHARES-REINVESTED>                       204,454
<NET-CHANGE-IN-ASSETS>                 22,401,214
<ACCUMULATED-NII-PRIOR>                   392,285
<ACCUMULATED-GAINS-PRIOR>               (103,434)
<OVERDISTRIB-NII-PRIOR>                         0
<OVERDIST-NET-GAINS-PRIOR>                      0
<GROSS-ADVISORY-FEES>                     269,230
<INTEREST-EXPENSE>                              0
<GROSS-EXPENSE>                           370,893
<AVERAGE-NET-ASSETS>                   56,714,081
<PER-SHARE-NAV-BEGIN>                        8.97
<PER-SHARE-NII>                              0.30
<PER-SHARE-GAIN-APPREC>                      2.04
<PER-SHARE-DIVIDEND>                       (0.30)
<PER-SHARE-DISTRIBUTIONS>                  (0.06)
<RETURNS-OF-CAPITAL>                            0
<PER-SHARE-NAV-END>                         10.95
<EXPENSE-RATIO>                              0.65
<AVG-DEBT-OUTSTANDING>                          0
<AVG-DEBT-PER-SHARE>                            0
        

</TABLE>