<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000812015
<NAME> THE ALLIANCE PORTFOLIOS
<SERIES>
   <NUMBER> 043
   <NAME> GROWTH INVESTORS FUND
       
<S>                             <C>
<PERIOD-TYPE>                   12-MOS
<FISCAL-YEAR-END>                          APR-30-1997
<PERIOD-START>                             MAY-01-1996
<PERIOD-END>                               APR-30-1997
<INVESTMENTS-AT-COST>                       85,520,757
<INVESTMENTS-AT-VALUE>                      94,241,034
<RECEIVABLES>                                1,807,067
<ASSETS-OTHER>                                 315,602
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                              96,363,703
<PAYABLE-FOR-SECURITIES>                       684,178
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                      484,320
<TOTAL-LIABILITIES>                          1,168,498
<SENIOR-EQUITY>                                     73
<PAID-IN-CAPITAL-COMMON>                    86,246,811
<SHARES-COMMON-STOCK>                          459,830
<SHARES-COMMON-PRIOR>                          419,843
<ACCUMULATED-NII-CURRENT>                      435,992
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                      (202,833)
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                     8,715,162
<NET-ASSETS>                                95,195,205
<DIVIDEND-INCOME>                              846,715
<INTEREST-INCOME>                            1,739,186
<OTHER-INCOME>                                       0
<EXPENSES-NET>                             (1,974,461)
<NET-INVESTMENT-INCOME>                        611,440
<REALIZED-GAINS-CURRENT>                     2,985,209
<APPREC-INCREASE-CURRENT>                    2,361,782
<NET-CHANGE-FROM-OPS>                        5,958,431
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                     (43,458)
<DISTRIBUTIONS-OF-GAINS>                     (698,222)
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                        187,433
<NUMBER-OF-SHARES-REDEEMED>                  (199,231)
<SHARES-REINVESTED>                             51,785
<NET-CHANGE-IN-ASSETS>                     (1,306,461)
<ACCUMULATED-NII-PRIOR>                        657,809
<ACCUMULATED-GAINS-PRIOR>                    7,717,255
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                          723,000
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                              2,142,000
<AVERAGE-NET-ASSETS>                         6,020,717
<PER-SHARE-NAV-BEGIN>                            14.09
<PER-SHARE-NII>                                   0.06
<PER-SHARE-GAIN-APPREC>                           0.77
<PER-SHARE-DIVIDEND>                            (0.11)
<PER-SHARE-DISTRIBUTIONS>                       (1.69)
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              13.12
<EXPENSE-RATIO>                                   2.26
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        

</TABLE>