<ARTICLE> 7 <LEGEND> THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM BALANCE SHEETS, STATEMENTS OF INCOME'S AND COMPREHENSIVE INCOME AND STATEMENTS OF CHANGES IN SHAREHOLDER'S EQUITY AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH FORM 10-K FOR THE FISCAL YEAR ENDED DECEMBER 31, 1998 OF MONY LIFE INSURANCE COMPANY OF AMERICA. </LEGEND> <MULTIPLIER> 1,000,000 <PERIOD-TYPE> YEAR <FISCAL-YEAR-END> DEC-31-1998 <PERIOD-START> JAN-01-1998 <PERIOD-END> DEC-31-1998 <DEBT-HELD-FOR-SALE> 1,044 <DEBT-CARRYING-VALUE> 0 <DEBT-MARKET-VALUE> 0 <EQUITIES> 0 <MORTGAGE> 120 <REAL-ESTATE> 8 <TOTAL-INVEST> 1,229 <CASH> 133 <RECOVER-REINSURE> 24<F1> <DEFERRED-ACQUISITION> 319 <TOTAL-ASSETS> 5,889 <POLICY-LOSSES> 112 <UNEARNED-PREMIUMS> 0 <POLICY-OTHER> 1,187 <POLICY-HOLDER-FUNDS> 57 <NOTES-PAYABLE> 0 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 3 <OTHER-SE> 287 <TOTAL-LIABILITY-AND-EQUITY> 5,889 <PREMIUMS> 124<F2> <INVESTMENT-INCOME> 95 <INVESTMENT-GAINS> 7 <OTHER-INCOME> 8 <BENEFITS> 35 <UNDERWRITING-AMORTIZATION> 36 <UNDERWRITING-OTHER> 0 <INCOME-PRETAX> 22 <INCOME-TAX> 8 <INCOME-CONTINUING> 14 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 14 <EPS-PRIMARY> 0 <EPS-DILUTED> 0 <RESERVE-OPEN> 0 <PROVISION-CURRENT> 0 <PROVISION-PRIOR> 0 <PAYMENTS-CURRENT> 0 <PAYMENTS-PRIOR> 0 <RESERVE-CLOSE> 0 <CUMULATIVE-DEFICIENCY> 0 <FN> <F1>INCLUDES REINSURANCE RECOVERABLE ON PAID AND UNPAID LOSSES. <F2>INCLUDES PREMIUMS AND UNIVERSAL LIFE AND INVESTMENT-TYPE PRODUCT POLICY FEES. </FN>