<TABLE> <S> <C>

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


Great-West Life & Annuity  Insurance Company as of and for the period ended June
30, 1998 (000s)
--------------------------------------------------------------------------------

</LEGEND>
<CIK>                         0000744455
<NAME>                        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>                                    6665040
<DEBT-CARRYING-VALUE>                                   2068487
<DEBT-MARKET-VALUE>                                     2146865
<EQUITIES>                                                42401
<MORTGAGE>                                              1135750
<REAL-ESTATE>                                                 0
<TOTAL-INVEST>                                         13137254
<CASH>                                                    89507
<RECOVER-REINSURE>                                       104425
<DEFERRED-ACQUISITION>                                   238390
<TOTAL-ASSETS>                                         23231104
<POLICY-LOSSES>                                        11529032
<UNEARNED-PREMIUMS>                                           0
<POLICY-OTHER>                                                0
<POLICY-HOLDER-FUNDS>                                    461337
<NOTES-PAYABLE>                                           59654
<PREFERRED-MANDATORY>                                         0
<PREFERRED>                                              121800
<COMMON>                                                   7032
<OTHER-SE>                                              1116733
<TOTAL-LIABILITY-AND-EQUITY>                           23231104
<PREMIUMS>                                               595577
<INVESTMENT-INCOME>                                      447425
<INVESTMENT-GAINS>                                        19315
<OTHER-INCOME>                                                0
<BENEFITS>                                               625110
<UNDERWRITING-AMORTIZATION>                                   0
<UNDERWRITING-OTHER>                                      26804
<INCOME-PRETAX>                                          275039
<INCOME-TAX>                                             135364
<INCOME-CONTINUING>                                       45035
<DISCONTINUED>                                            90329
<EXTRAORDINARY>                                               0
<CHANGES>                                                     0
<NET-INCOME>                                                  0
<EPS-PRIMARY>                                             90329
<EPS-DILUTED>                                  0
<RESERVE-OPEN>                                 0
<PROVISION-CURRENT>                            0
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<PAYMENTS-CURRENT>                             0
<PAYMENTS-PRIOR>                               0
<RESERVE-CLOSE>                                0
<CUMULATIVE-DEFICIENCY>                        0
        

</TABLE>