<PAGE> PAGE 1
000 A000000 06/30/97
000 C000000 1031594
000 D000000 N
000 E000000 NF
000 F000000 Y
000 G000000 N
000 H000000 N
000 I000000 3.0.a
000 J000000 A
001 A000000 SELIGMAN VALUE FUND SERIES, INC.
001 B000000 811-08031
001 C000000 2128501864
002 A000000 100 PARK AVENUE
002 B000000 NEW YORK
002 C000000 NY
002 D010000 10017
003 000000 Y
004 000000 N
005 000000 N
006 000000 N
007 A000000 Y
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007 C010100 1
007 C020100 SELIGMAN LARGE-CAP VALUE FUND
007 C030100 N
007 C010200 2
007 C020200 SELIGMAN SMALL-CAP VALUE FUND
007 C030200 N
007 C010300 3
007 C010400 4
007 C010500 5
007 C010600 6
007 C010700 7
007 C010800 8
007 C010900 9
007 C011000 10
008 A00AA01 J.& W. SELIGMAN & CO., INC.
008 B00AA01 A
008 C00AA01 801-15798
008 D01AA01 NEW YORK
008 D02AA01 NY
008 D03AA01 10017
011 A00AA01 SELIGMAN FINANCIAL SERVICES, INC.
011 B00AA01 8-25845
011 C01AA01 NEW YORK
011 C02AA01 NY
011 C03AA01 10017
012 A00AA01 SELIGMAN DATA CORP.
012 B00AA01 84-1895
012 C01AA01 NEW YORK
012 C02AA01 NY
<PAGE> PAGE 2
012 C03AA01 10017
013 A00AA01 DELOITTE & TOUCHE LLP
013 B01AA01 NEW YORK
013 B02AA01 NY
013 B03AA01 10281
014 A00AA01 SELIGMAN SERVICES, INC.
014 B00AA01 8-47717
015 A00AA01 INVESTORS FIDUCIARY TRUST CO.
015 B00AA01 C
015 C01AA01 KANSAS CITY
015 C02AA01 MO
015 C03AA01 64105
015 C04AA01 1716
015 E01AA01 X
018 00AA00 Y
019 A00AA00 Y
019 B00AA00 50
019 C00AA00 JWSELIGMAN
020 A000001 BRIDGE TRADING CO.
020 B000001 43-1450530
020 C000001 24
020 A000002 WEEDEN & CO., L.P.
020 B000002 13-3364318
020 C000002 11
020 A000003 INSTINET CORPORATION
020 B000003 13-3443395
020 C000003 10
020 A000004 STANDARD & POOR'S SECURITIES, INC.
020 B000004 13-2671951
020 C000004 6
020 A000005 INTERSTATE/JOHNSON LANE CORP.
020 B000005 56-0276690
020 C000005 6
020 A000006 MERRILL LYNCH, PIERCE, FENNER & SMITH INC.
020 B000006 13-5674085
020 C000006 5
020 A000007 DONALDSON, LUFKIN & JENRETTE SECURITIES CORP.
020 B000007 13-2741729
020 C000007 5
020 A000008 SMITH BARNEY INC.
020 B000008 13-1912900
020 C000008 5
020 A000009 CANTOR FITZGERALD SECURITIES
020 B000009 13-3680187
020 C000009 4
020 A000010 LEGG MASON WOOD WALKER, INC.
020 B000010 52-1235572
020 C000010 4
021 000000 111
022 A000001 HSBC SECURITIES
022 B000001 13-2650272
<PAGE> PAGE 3
022 C000001 20750
022 D000001 0
022 A000002 FIRST NATIONAL BANK OF CHICAGO-GRAND CAYMAN
022 B000002 36-0899825
022 C000002 6390
022 D000002 0
022 A000003 MERRILL LYNCH, PIERCE, FENNER & SMITH
022 B000003 13-5674085
022 C000003 3433
022 D000003 0
022 A000004 GOLDMAN SACHS & CO.
022 B000004 13-5108880
022 C000004 2646
022 D000004 0
022 A000005 TROSTER SINGER & CO.
022 B000005 13-5515160
022 C000005 1677
022 D000005 0
022 A000006 EDWARDS (A.G.) & SONS, INC.
022 B000006 43-0895447
022 C000006 1266
022 D000006 0
022 A000007 BEAR STEARNS & CO.
022 B000007 13-3299429
022 C000007 1211
022 D000007 0
022 A000008 MONTGOMERY SECURITIES
022 B000008 94-1701676
022 C000008 1058
022 D000008 0
022 A000009 ROBERTSON, STEPHENS, & CO., L.P.
022 B000009 94-2524501
022 C000009 1033
022 D000009 0
022 A000010 HERZOG, HEINE, GEDULD, INC.
022 B000010 13-1955436
022 C000010 614
022 D000010 405
023 C000000 47749
023 D000000 405
024 00AA00 N
026 A000000 Y
026 B000000 Y
026 C000000 Y
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026 G010000 N
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026 H000000 Y
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<PAGE> PAGE 4
037 00AA00 N
038 00AA00 0
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049 00AA00 N
050 00AA00 N
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054 B00AA00 Y
054 C00AA00 N
054 D00AA00 N
054 E00AA00 N
054 F00AA00 N
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<PAGE> PAGE 5
068 A00AA00 N
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<PAGE> PAGE 6
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<PAGE> PAGE 7
070 G020100 N
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<PAGE> PAGE 8
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<PAGE> PAGE 9
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<PAGE> PAGE 10
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<PAGE> PAGE 11
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<PAGE> PAGE 12
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SIGNATURE THOMAS G. ROSE
TITLE TREASURER
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 011
<NAME> SELIGMAN LARGE-CAP VALUE FUND CLASS A
<MULTIPLIER> 1000
<S> <C>
<PERIOD-TYPE> 3-MOS
<FISCAL-YEAR-END> DEC-31-1997
<PERIOD-START> APR-25-1997
<PERIOD-END> JUN-30-1997
<INVESTMENTS-AT-COST> 16383
<INVESTMENTS-AT-VALUE> 17124
<RECEIVABLES> 818
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 71
<TOTAL-ASSETS> 18013
<PAYABLE-FOR-SECURITIES> 853
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 263
<TOTAL-LIABILITIES> 1116
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 15973
<SHARES-COMMON-STOCK> 1097<F1>
<SHARES-COMMON-PRIOR> 0<F1>
<ACCUMULATED-NII-CURRENT> (27)
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 211
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 741
<NET-ASSETS> 8895<F1>
<DIVIDEND-INCOME> 13<F1>
<INTEREST-INCOME> 1<F1>
<OTHER-INCOME> 0<F1>
<EXPENSES-NET> (26)<F1>
<NET-INVESTMENT-INCOME> (12)<F1>
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<NET-CHANGE-FROM-OPS> 925
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0<F1>
<DISTRIBUTIONS-OF-GAINS> 0<F1>
<DISTRIBUTIONS-OTHER> 0<F1>
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<NUMBER-OF-SHARES-REDEEMED> (33)<F1>
<SHARES-REINVESTED> 0<F1>
<NET-CHANGE-IN-ASSETS> 16897
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
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<GROSS-EXPENSE> 26<F1>
<AVERAGE-NET-ASSETS> 4508<F1>
<PER-SHARE-NAV-BEGIN> 7.14<F1>
<PER-SHARE-NII> (.02)<F1>
<PER-SHARE-GAIN-APPREC> .99<F1>
<PER-SHARE-DIVIDEND> 0<F1>
<PER-SHARE-DISTRIBUTIONS> 0<F1>
<RETURNS-OF-CAPITAL> 0<F1>
<PER-SHARE-NAV-END> 8.11<F1>
<EXPENSE-RATIO> 3.15<F1>
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
<FN>
<F1>CLASS A ONLY. ALL OTHER DATA ARE FUND LEVEL.
</FN>
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 012
<NAME> SELIGMAN LARGE-CAP VALUE FUND CLASS B
<MULTIPLIER> 1000
<S> <C>
<PERIOD-TYPE> 3-MOS
<FISCAL-YEAR-END> DEC-31-1997
<PERIOD-START> APR-25-1997
<PERIOD-END> JUN-30-1997
<INVESTMENTS-AT-COST> 16383
<INVESTMENTS-AT-VALUE> 17124
<RECEIVABLES> 818
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<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 15973
<SHARES-COMMON-STOCK> 663<F1>
<SHARES-COMMON-PRIOR> 0<F1>
<ACCUMULATED-NII-CURRENT> (27)
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<ACCUMULATED-NET-GAINS> 211
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 741
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<DIVIDEND-INCOME> 8<F1>
<INTEREST-INCOME> 0<F1>
<OTHER-INCOME> 0<F1>
<EXPENSES-NET> (18)<F1>
<NET-INVESTMENT-INCOME> (10)<F1>
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<APPREC-INCREASE-CURRENT> 741
<NET-CHANGE-FROM-OPS> 925
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<DISTRIBUTIONS-OF-INCOME> 0<F1>
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<DISTRIBUTIONS-OTHER> 0<F1>
<NUMBER-OF-SHARES-SOLD> 673<F1>
<NUMBER-OF-SHARES-REDEEMED> (10)<F1>
<SHARES-REINVESTED> 0<F1>
<NET-CHANGE-IN-ASSETS> 16897
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 4<F1>
<INTEREST-EXPENSE> 0<F1>
<GROSS-EXPENSE> 18<F1>
<AVERAGE-NET-ASSETS> 2503<F1>
<PER-SHARE-NAV-BEGIN> 7.14<F1>
<PER-SHARE-NII> (.04)<F1>
<PER-SHARE-GAIN-APPREC> .99<F1>
<PER-SHARE-DIVIDEND> 0<F1>
<PER-SHARE-DISTRIBUTIONS> 0<F1>
<RETURNS-OF-CAPITAL> 0<F1>
<PER-SHARE-NAV-END> 8.09<F1>
<EXPENSE-RATIO> 3.95<F1>
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
<FN>
<F1>CLASS B ONLY. ALL OTHER DATA ARE FUND LEVEL.
</FN>
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 013
<NAME> SELIGMAN LARGE-CAP VALUE FUND CLASS D
<MULTIPLIER> 1000
<S> <C>
<PERIOD-TYPE> 3-MOS
<FISCAL-YEAR-END> DEC-31-1997
<PERIOD-START> APR-25-1997
<PERIOD-END> JUN-30-1997
<INVESTMENTS-AT-COST> 16383
<INVESTMENTS-AT-VALUE> 17124
<RECEIVABLES> 818
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 71
<TOTAL-ASSETS> 18013
<PAYABLE-FOR-SECURITIES> 853
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 263
<TOTAL-LIABILITIES> 1116
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 15973
<SHARES-COMMON-STOCK> 325<F1>
<SHARES-COMMON-PRIOR> 0<F1>
<ACCUMULATED-NII-CURRENT> (27)
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 211
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 741
<NET-ASSETS> 2633<F1>
<DIVIDEND-INCOME> 3<F1>
<INTEREST-INCOME> 0<F1>
<OTHER-INCOME> 0<F1>
<EXPENSES-NET> (8)<F1>
<NET-INVESTMENT-INCOME> (5)<F1>
<REALIZED-GAINS-CURRENT> 211
<APPREC-INCREASE-CURRENT> 741
<NET-CHANGE-FROM-OPS> 925
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0<F1>
<DISTRIBUTIONS-OF-GAINS> 0<F1>
<DISTRIBUTIONS-OTHER> 0<F1>
<NUMBER-OF-SHARES-SOLD> 331<F1>
<NUMBER-OF-SHARES-REDEEMED> (6)<F1>
<SHARES-REINVESTED> 0<F1>
<NET-CHANGE-IN-ASSETS> 16897
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 2<F1>
<INTEREST-EXPENSE> 0<F1>
<GROSS-EXPENSE> 8<F1>
<AVERAGE-NET-ASSETS> 1144<F1>
<PER-SHARE-NAV-BEGIN> 7.14<F1>
<PER-SHARE-NII> (.04)<F1>
<PER-SHARE-GAIN-APPREC> .99<F1>
<PER-SHARE-DIVIDEND> 0<F1>
<PER-SHARE-DISTRIBUTIONS> 0<F1>
<RETURNS-OF-CAPITAL> 0<F1>
<PER-SHARE-NAV-END> 8.09<F1>
<EXPENSE-RATIO> 3.95<F1>
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
<FN>
<F1>CLASS D ONLY. ALL OTHER DATA ARE FUND LEVEL.
</FN>
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 021
<NAME> SELIGMAN SMALL-CAP VALUE FUND CLASS A
<MULTIPLIER> 1000
<S> <C>
<PERIOD-TYPE> 3-MOS
<FISCAL-YEAR-END> DEC-31-1997
<PERIOD-START> APR-25-1997
<PERIOD-END> JUN-30-1997
<INVESTMENTS-AT-COST> 45922
<INVESTMENTS-AT-VALUE> 49057
<RECEIVABLES> 3145
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 71
<TOTAL-ASSETS> 52273
<PAYABLE-FOR-SECURITIES> 2199
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 963
<TOTAL-LIABILITIES> 3162
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 45628
<SHARES-COMMON-STOCK> 2573<F1>
<SHARES-COMMON-PRIOR> 0<F1>
<ACCUMULATED-NII-CURRENT> (67)
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 415
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 3135
<NET-ASSETS> 22115<F1>
<DIVIDEND-INCOME> 13<F1>
<INTEREST-INCOME> 2<F1>
<OTHER-INCOME> 0<F1>
<EXPENSES-NET> (39)<F1>
<NET-INVESTMENT-INCOME> (24)<F1>
<REALIZED-GAINS-CURRENT> 415
<APPREC-INCREASE-CURRENT> 3135
<NET-CHANGE-FROM-OPS> 3483
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0<F1>
<DISTRIBUTIONS-OF-GAINS> 0<F1>
<DISTRIBUTIONS-OTHER> 0<F1>
<NUMBER-OF-SHARES-SOLD> 2606<F1>
<NUMBER-OF-SHARES-REDEEMED> (33)<F1>
<SHARES-REINVESTED> 0<F1>
<NET-CHANGE-IN-ASSETS> 49111
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 17<F1>
<INTEREST-EXPENSE> 0<F1>
<GROSS-EXPENSE> 39<F1>
<AVERAGE-NET-ASSETS> 8991<F1>
<PER-SHARE-NAV-BEGIN> 7.14<F1>
<PER-SHARE-NII> (.02)<F1>
<PER-SHARE-GAIN-APPREC> 1.48<F1>
<PER-SHARE-DIVIDEND> 0<F1>
<PER-SHARE-DISTRIBUTIONS> 0<F1>
<RETURNS-OF-CAPITAL> 0<F1>
<PER-SHARE-NAV-END> 8.60<F1>
<EXPENSE-RATIO> 2.36<F1>
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
<FN>
<F1>CLASS A ONLY. ALL OTHER DATA ARE FUND LEVEL.
</FN>
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 022
<NAME> SELIGMAN SMALL-CAP VALUE FUND CLASS B
<MULTIPLIER> 1000
<S> <C>
<PERIOD-TYPE> 3-MOS
<FISCAL-YEAR-END> DEC-31-1997
<PERIOD-START> APR-25-1997
<PERIOD-END> JUN-30-1997
<INVESTMENTS-AT-COST> 45922
<INVESTMENTS-AT-VALUE> 49057
<RECEIVABLES> 3145
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 71
<TOTAL-ASSETS> 52273
<PAYABLE-FOR-SECURITIES> 2199
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 963
<TOTAL-LIABILITIES> 3162
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 45628
<SHARES-COMMON-STOCK> 1881<F1>
<SHARES-COMMON-PRIOR> 0<F1>
<ACCUMULATED-NII-CURRENT> (67)
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 415
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 3135
<NET-ASSETS> 16152<F1>
<DIVIDEND-INCOME> 10<F1>
<INTEREST-INCOME> 1<F1>
<OTHER-INCOME> 0<F1>
<EXPENSES-NET> (36)<F1>
<NET-INVESTMENT-INCOME> (25)<F1>
<REALIZED-GAINS-CURRENT> 415
<APPREC-INCREASE-CURRENT> 3135
<NET-CHANGE-FROM-OPS> 3483
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0<F1>
<DISTRIBUTIONS-OF-GAINS> 0<F1>
<DISTRIBUTIONS-OTHER> 0<F1>
<NUMBER-OF-SHARES-SOLD> 1896<F1>
<NUMBER-OF-SHARES-REDEEMED> (15)<F1>
<SHARES-REINVESTED> 0<F1>
<NET-CHANGE-IN-ASSETS> 49111
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 11<F1>
<INTEREST-EXPENSE> 0<F1>
<GROSS-EXPENSE> 36<F1>
<AVERAGE-NET-ASSETS> 6255<F1>
<PER-SHARE-NAV-BEGIN> 7.14<F1>
<PER-SHARE-NII> (.03)<F1>
<PER-SHARE-GAIN-APPREC> 1.48<F1>
<PER-SHARE-DIVIDEND> 0<F1>
<PER-SHARE-DISTRIBUTIONS> 0<F1>
<RETURNS-OF-CAPITAL> 0<F1>
<PER-SHARE-NAV-END> 8.59<F1>
<EXPENSE-RATIO> 3.14<F1>
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
<FN>
<F1>CLASS B ONLY. ALL OTHER DATA ARE FUND LEVEL.
</FN>
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 023
<NAME> SELIGMAN SMALL-CAP VALUE FUND CLASS D
<MULTIPLIER> 1000
<S> <C>
<PERIOD-TYPE> 3-MOS
<FISCAL-YEAR-END> DEC-31-1997
<PERIOD-START> APR-25-1997
<PERIOD-END> JUN-30-1997
<INVESTMENTS-AT-COST> 45922
<INVESTMENTS-AT-VALUE> 49057
<RECEIVABLES> 3145
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 71
<TOTAL-ASSETS> 52273
<PAYABLE-FOR-SECURITIES> 2199
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 963
<TOTAL-LIABILITIES> 3162
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 45628
<SHARES-COMMON-STOCK> 1263<F1>
<SHARES-COMMON-PRIOR> 0<F1>
<ACCUMULATED-NII-CURRENT> (67)
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 415
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 3135
<NET-ASSETS> 10844<F1>
<DIVIDEND-INCOME> 6<F1>
<INTEREST-INCOME> 1<F1>
<OTHER-INCOME> 0<F1>
<EXPENSES-NET> (25)<F1>
<NET-INVESTMENT-INCOME> (18)<F1>
<REALIZED-GAINS-CURRENT> 415
<APPREC-INCREASE-CURRENT> 3135
<NET-CHANGE-FROM-OPS> 3483
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0<F1>
<DISTRIBUTIONS-OF-GAINS> 0<F1>
<DISTRIBUTIONS-OTHER> 0<F1>
<NUMBER-OF-SHARES-SOLD> 1270<F1>
<NUMBER-OF-SHARES-REDEEMED> (7)<F1>
<SHARES-REINVESTED> 0<F1>
<NET-CHANGE-IN-ASSETS> 49111
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 8<F1>
<INTEREST-EXPENSE> 0<F1>
<GROSS-EXPENSE> 25<F1>
<AVERAGE-NET-ASSETS> 4466<F1>
<PER-SHARE-NAV-BEGIN> 7.14<F1>
<PER-SHARE-NII> (.03)<F1>
<PER-SHARE-GAIN-APPREC> 1.48<F1>
<PER-SHARE-DIVIDEND> 0<F1>
<PER-SHARE-DISTRIBUTIONS> 0<F1>
<RETURNS-OF-CAPITAL> 0<F1>
<PER-SHARE-NAV-END> 8.59<F1>
<EXPENSE-RATIO> 3.14<F1>
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
<FN>
<F1>CLASS D ONLY. ALL OTHER DATA ARE FUND LEVEL.
</FN>
</TABLE>
