FORTIS TAX FREE PORTFOLIOS INC
NSAR-B, 1998-11-20
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<PAGE>      PAGE  1
000 B000000 09/30/98
000 C000000 0000703708
000 D000000 N
000 E000000 F
000 F000000 Y
000 G000000 N
000 H000000 N
000 I000000 3.0.a
000 J000000 A
001 A000000 FORTIS TAX-FREE PORTFOLIOS, INC.
001 B000000 811-3498
001 C000000 6517384000
002 A000000 500 BIELENBERG DRIVE
002 B000000 WOODBURY
002 C000000 MN
002 D010000 55125
003  000000 N
004  000000 N
005  000000 N
006  000000 N
007 A000000 Y
007 B000000  2
007 C010100  1
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007 C030100 N
007 C010200  2
007 C020200 MINNESOTA PORTFOLIO
007 C030200 N
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007 C010500  5
007 C010600  6
007 C010700  7
007 C010800  8
007 C010900  9
007 C011000 10
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008 B00AA01 A
008 C00AA01 801-07877
008 D01AA01 WOODBURY
008 D02AA01 MN
008 D03AA01 55125
011 A00AA01 FORTIS INVESTORS, INC.
011 B00AA01 8-13846
011 C01AA01 WOODBURY
011 C02AA01 MN
011 C03AA01 55125
012 A00AA01 FORTIS ADVISERS, INC.
012 B00AA01 85-07877
012 C01AA01 WOODBURY
012 C02AA01 MN
<PAGE>      PAGE  2
012 C03AA01 55125
013 A00AA01 KPMG PEAT MARWICK
013 B01AA01 MINNEAPOLIS
013 B02AA01 MN
013 B03AA01 55402
015 A00AA01 U.S. BANK (N.A.) MINNEAPOLIS
015 B00AA01 C
015 C01AA01 MINNEAPOLIS
015 C02AA01 MN
015 C03AA01 55480
015 E01AA01 X
015 A00AA02 U.S. BANK (N.A.)
015 B00AA02 S
015 C01AA02 ST PAUL
015 C02AA02 MN
015 C03AA02 55164
015 E01AA02 X
018  00AA00 Y
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019 C00AA00 FORTISFUND
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022 D000001     29931
022 A000002 PIPER, JAFFRAY & HOPWOOD, INC.
022 B000002 41-0953246
022 C000002     13185
022 D000002     20930
022 A000003 WILLIAMS (A.H.) & CO., INC.
022 B000003 23-2177819
022 C000003     18817
022 D000003      9279
022 A000004 COMMERZBANK CAPITAL MARKETS CORP.
022 B000004 13-3439358
022 C000004     14164
022 D000004      7995
022 A000005 BELLE HAVEN INVESTMENTS, L.P.
022 B000005 06-1385063
022 C000005      8446
<PAGE>      PAGE  3
022 D000005      8333
022 A000006 CRONIN & CO., INC.
022 B000006 41-1233403
022 C000006      4288
022 D000006     11706
022 A000007 COMMERCIAL CREDIT CO.
022 B000007 52-0883351
022 C000007      3885
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022 A000008 SALOMON SMITH BARNEY
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022 C000008      3252
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022 A000009 MERRILL LYNCH, PIERCE, FENNER & SMITH, INC.
022 B000009 13-5674085
022 C000009      3773
022 D000009      1064
022 A000010 MORGAN KEEGEN & CO., INC.
022 B000010 64-0474907
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<PAGE>      PAGE  4
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<PAGE>      PAGE  5
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<PAGE>      PAGE  6
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<PAGE>      PAGE  7
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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
050  000200 N
051  000200 N
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<PAGE>      PAGE  12
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SIGNATURE   TAMARA L. FAGELY                             
TITLE       TREASURER           
 


<TABLE> <S> <C>

<ARTICLE> 6
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE
STATEMENT OF ASSETS AND LIABILITIES, STATEMENT OF OPERATIONS, AND STATEMENT OF
CHANGES IN NET ASSETS FOUND ON PAGES 11 THROUGH 20 OF THE FORTIS TAX-FREE
PORTFOLIOS ANNUAL SHAREHOLDER REPORT.
</LEGEND>
<CIK> 0000703708
<NAME> FORTIS TAX-FREE PORTFOLIOS, INC.
<SERIES>
   <NUMBER> 021
   <NAME> MINNESOTA PORTFOLIO (CLASS A)
<MULTIPLIER> 1
       
<S>                             <C>
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</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE
STATEMENT OF ASSETS AND LIABILITIES, STATEMENT OF OPERATIONS, AND STATEMENT OF
CHANGES IN NET ASSETS FOUND ON PAGES 11 THROUGH 20 OF THE FORTIS TAX-FREE
PORTFOLIOS ANNUAL SHAREHOLDER REPORT.
</LEGEND>
<CIK> 0000703708
<NAME> FORTIS TAX-FREE PORTFOLIOS, INC.
<SERIES>
   <NUMBER> 022
   <NAME> MINNESOTA PORTFOLIO (CLASS B)
<MULTIPLIER> 1
       
<S>                             <C>
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<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              10.73
<EXPENSE-RATIO>                                   1.91
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        

</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE
STATEMENT OF ASSETS AND LIABILITIES, STATEMENT OF OPERATIONS, AND STATEMENT OF
CHANGES IN NET ASSETS FOUND ON PAGES 11 THROUGH 20 OF THE FORTIS TAX-FREE
PORTFOLIOS ANNUAL SHAREHOLDER REPORT.
</LEGEND>
<CIK> 0000703708
<NAME> FORTIS TAX-FREE PORTFOLIOS, INC.
<SERIES>
   <NUMBER> 023
   <NAME> MINNESOTA PORTFOLIO (CLASS C)
<MULTIPLIER> 1
       
<S>                             <C>
<PERIOD-TYPE>                   12-MOS
<FISCAL-YEAR-END>                          SEP-30-1998
<PERIOD-START>                             OCT-01-1997
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<INVESTMENTS-AT-COST>                       44,499,395
<INVESTMENTS-AT-VALUE>                      47,684,568
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<REALIZED-GAINS-CURRENT>                       785,347
<APPREC-INCREASE-CURRENT>                      701,009
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<NUMBER-OF-SHARES-REDEEMED>                    (5,599)
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<NET-CHANGE-IN-ASSETS>                     (1,770,099)
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<OVERDISTRIB-NII-PRIOR>                        (9,047)
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</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE
STATEMENT OF ASSETS AND LIABILITIES, STATEMENT OF OPERATIONS, AND STATEMENT OF
CHANGES IN NET ASSETS FOUND ON PAGES 11 THROUGH 20 OF THE FORTIS TAX-FREE
PORTFOLIOS ANNUAL SHAREHOLDER REPORT.
</LEGEND>
<CIK> 0000703708
<NAME> FORTIS TAX-FREE PORTFOLIOS, INC.
<SERIES>
   <NUMBER> 025
   <NAME> MINNESOTA PORTFOLIO (CLASS E)
<MULTIPLIER> 1
       
<S>                             <C>
<PERIOD-TYPE>                   12-MOS
<FISCAL-YEAR-END>                          SEP-30-1998
<PERIOD-START>                             OCT-01-1997
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<INVESTMENTS-AT-COST>                       44,499,395
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<REALIZED-GAINS-CURRENT>                       785,347
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<NUMBER-OF-SHARES-REDEEMED>                  (506,507)
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<NET-CHANGE-IN-ASSETS>                     (1,770,099)
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<OVERDISTRIB-NII-PRIOR>                        (9,047)
<OVERDIST-NET-GAINS-PRIOR>                           0
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<PER-SHARE-GAIN-APPREC>                           0.32
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<AVG-DEBT-PER-SHARE>                                 0
        

</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE
STATEMENT OF ASSETS AND LIABILITIES, STATEMENT OF OPERATIONS, AND STATEMENT OF
CHANGES IN NET ASSETS FOUND ON PAGES 11 THROUGH 20 OF THE FORTIS TAX-FREE
PORTFOLIOS ANNUAL SHAREHOLDER REPORT.
</LEGEND>
<CIK> 0000703708
<NAME> FORTIS TAX-FREE PORTFOLIOS, INC.
<SERIES>
   <NUMBER> 024
   <NAME> MINNESOTA PORTFOLIO (CLASS H)
<MULTIPLIER> 1
       
<S>                             <C>
<PERIOD-TYPE>                   12-MOS
<FISCAL-YEAR-END>                          SEP-30-1998
<PERIOD-START>                             OCT-01-1997
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<INVESTMENTS-AT-COST>                       44,499,395
<INVESTMENTS-AT-VALUE>                      47,684,568
<RECEIVABLES>                                  688,184
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<OVERDISTRIBUTION-NII>                               0
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<NET-ASSETS>                                48,262,693
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<EXPENSES-NET>                               (478,914)
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<REALIZED-GAINS-CURRENT>                       785,347
<APPREC-INCREASE-CURRENT>                      701,009
<NET-CHANGE-FROM-OPS>                        3,859,765
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<NUMBER-OF-SHARES-REDEEMED>                    (5,981)
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<OVERDISTRIB-NII-PRIOR>                        (9,047)
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<INTEREST-EXPENSE>                                   0
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<PER-SHARE-NAV-BEGIN>                            10.44
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<AVG-DEBT-PER-SHARE>                                 0
        

</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE
STATEMENT OF ASSETS AND LIABILITIES, STATEMENT OF OPERATIONS, AND STATEMENT OF
CHANGES IN NET ASSETS FOUND ON PAGES 11 THROUGH 18 OF THE FORTIS TAX-FREE
PORTFOLIOS ANNUAL SHAREHOLDER REPORT.
</LEGEND>
<CIK> 0000703708
<NAME> FORTIS TAX-FREE PORTFOLIOS, INC.
<SERIES>
   <NUMBER> 011
   <NAME> NATIONAL PORTFOLIO (CLASS A)
<MULTIPLIER> 1
       
<S>                             <C>
<PERIOD-TYPE>                   12-MOS
<FISCAL-YEAR-END>                          SEP-30-1998
<PERIOD-START>                             OCT-01-1997
<PERIOD-END>                               SEP-30-1998
<INVESTMENTS-AT-COST>                       65,760,458
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<PAID-IN-CAPITAL-COMMON>                    65,886,604
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<OVERDISTRIBUTION-NII>                        (17,766)
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<ACCUM-APPREC-OR-DEPREC>                     6,713,813
<NET-ASSETS>                                73,351,977
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<OTHER-INCOME>                                       0
<EXPENSES-NET>                               (805,233)
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<REALIZED-GAINS-CURRENT>                       841,665
<APPREC-INCREASE-CURRENT>                    1,361,161
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<NUMBER-OF-SHARES-REDEEMED>                  (114,659)
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<ACCUMULATED-NII-PRIOR>                              0
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</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE
STATEMENT OF ASSETS AND LIABILITIES, STATEMENT OF OPERATIONS, AND STATEMENT OF
CHANGES IN NET ASSETS FOUND ON PAGES 11 THROUGH 18 OF THE FORTIS TAX-FREE
PORTFOLIOS ANNUAL SHAREHOLDER REPORT.
</LEGEND>
<CIK> 0000703708
<NAME> FORTIS TAX-FREE PORTFOLIOS, INC.
<SERIES>
   <NUMBER> 012
   <NAME> NATIONAL PORTFOLIO (CLASS B)
<MULTIPLIER> 1
       
<S>                             <C>
<PERIOD-TYPE>                   12-MOS
<FISCAL-YEAR-END>                          SEP-30-1998
<PERIOD-START>                             OCT-01-1997
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<ACCUMULATED-NII-CURRENT>                            0
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<ACCUM-APPREC-OR-DEPREC>                     6,713,813
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<NUMBER-OF-SHARES-REDEEMED>                   (15,741)
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</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE
STATEMENT OF ASSETS AND LIABILITIES, STATEMENT OF OPERATIONS, AND STATEMENT OF
CHANGES IN NET ASSETS FOUND ON PAGES 11 THROUGH 18 OF THE FORTIS TAX-FREE
PORTFOLIOS ANNUAL SHAREHOLDER REPORT.
</LEGEND>
<CIK> 0000703708
<NAME> FORTIS TAX-FREE PORTFOLIOS, INC.
<SERIES>
   <NUMBER> 013
   <NAME> NATIONAL PORTFOLIO (CLASS C)
<MULTIPLIER> 1
       
<S>                             <C>
<PERIOD-TYPE>                   12-MOS
<FISCAL-YEAR-END>                          SEP-30-1998
<PERIOD-START>                             OCT-01-1997
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<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                     6,713,813
<NET-ASSETS>                                73,351,977
<DIVIDEND-INCOME>                                    0
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<NUMBER-OF-SHARES-REDEEMED>                   (24,064)
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<ACCUMULATED-NII-PRIOR>                              0
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<AVG-DEBT-PER-SHARE>                                 0
        

</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE
STATEMENT OF ASSETS AND LIABILITIES, STATEMENT OF OPERATIONS, AND STATEMENT OF
CHANGES IN NET ASSETS FOUND ON PAGES 11 THROUGH 18 OF THE FORTIS TAX-FREE
PORTFOLIOS ANNUAL SHAREHOLDER REPORT.
</LEGEND>
<CIK> 0000703708
<NAME> FORTIS TAX-FREE PORTFOLIOS, INC.
<SERIES>
   <NUMBER> 015
   <NAME> NATIONAL PORTFOLIO (CLASS E)
<MULTIPLIER> 1
       
<S>                             <C>
<PERIOD-TYPE>                   12-MOS
<FISCAL-YEAR-END>                          SEP-30-1998
<PERIOD-START>                             OCT-01-1997
<PERIOD-END>                               SEP-30-1998
<INVESTMENTS-AT-COST>                       65,760,458
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<SENIOR-LONG-TERM-DEBT>                              0
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<TOTAL-LIABILITIES>                          1,208,212
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                    65,886,604
<SHARES-COMMON-STOCK>                        5,004,664
<SHARES-COMMON-PRIOR>                        5,395,595
<ACCUMULATED-NII-CURRENT>                            0
<OVERDISTRIBUTION-NII>                        (17,766)
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<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                     6,713,813
<NET-ASSETS>                                73,351,977
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<NET-INVESTMENT-INCOME>                      3,297,595
<REALIZED-GAINS-CURRENT>                       841,665
<APPREC-INCREASE-CURRENT>                    1,361,161
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<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                  (2,656,955)
<DISTRIBUTIONS-OF-GAINS>                     (188,744)
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                        182,874
<NUMBER-OF-SHARES-REDEEMED>                  (737,765)
<SHARES-REINVESTED>                            163,960
<NET-CHANGE-IN-ASSETS>                       (619,173)
<ACCUMULATED-NII-PRIOR>                              0
<ACCUMULATED-GAINS-PRIOR>                      162,277
<OVERDISTRIB-NII-PRIOR>                       (48,084)
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                          560,282
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                805,233
<AVERAGE-NET-ASSETS>                        73,012,000
<PER-SHARE-NAV-BEGIN>                            11.07
<PER-SHARE-NII>                                   0.52
<PER-SHARE-GAIN-APPREC>                           0.34
<PER-SHARE-DIVIDEND>                            (0.51)
<PER-SHARE-DISTRIBUTIONS>                       (0.04)
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              11.38
<EXPENSE-RATIO>                                   0.98
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        

</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE
STATEMENT OF ASSETS AND LIABILITIES, STATEMENT OF OPERATIONS, AND STATEMENT OF
CHANGES IN NET ASSETS FOUND ON PAGES 11 THROUGH 18 OF THE FORTIS TAX-FREE
PORTFOLIOS ANNUAL SHAREHOLDER REPORT.
</LEGEND>
<CIK> 0000703708
<NAME> FORTIS TAX-FREE PORTFOLIOS, INC.
<SERIES>
   <NUMBER> 014
   <NAME> NATIONAL PORTFOLIO (CLASS H)
<MULTIPLIER> 1
       
<S>                             <C>
<PERIOD-TYPE>                   12-MOS
<FISCAL-YEAR-END>                          SEP-30-1998
<PERIOD-START>                             OCT-01-1997
<PERIOD-END>                               SEP-30-1998
<INVESTMENTS-AT-COST>                       65,760,458
<INVESTMENTS-AT-VALUE>                      72,474,271
<RECEIVABLES>                                2,068,654
<ASSETS-OTHER>                                       0
<OTHER-ITEMS-ASSETS>                            17,264
<TOTAL-ASSETS>                              74,560,189
<PAYABLE-FOR-SECURITIES>                     1,042,490
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                      165,722
<TOTAL-LIABILITIES>                          1,208,212
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                    65,886,604
<SHARES-COMMON-STOCK>                          537,259
<SHARES-COMMON-PRIOR>                          461,943
<ACCUMULATED-NII-CURRENT>                            0
<OVERDISTRIBUTION-NII>                        (17,766)
<ACCUMULATED-NET-GAINS>                        769,326
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                     6,713,813
<NET-ASSETS>                                73,351,977
<DIVIDEND-INCOME>                                    0
<INTEREST-INCOME>                            4,102,828
<OTHER-INCOME>                                       0
<EXPENSES-NET>                               (805,233)
<NET-INVESTMENT-INCOME>                      3,297,595
<REALIZED-GAINS-CURRENT>                       841,665
<APPREC-INCREASE-CURRENT>                    1,361,161
<NET-CHANGE-FROM-OPS>                        5,500,421
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                    (201,242)
<DISTRIBUTIONS-OF-GAINS>                      (15,907)
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                        145,610
<NUMBER-OF-SHARES-REDEEMED>                   (82,292)
<SHARES-REINVESTED>                             11,998
<NET-CHANGE-IN-ASSETS>                       (619,173)
<ACCUMULATED-NII-PRIOR>                              0
<ACCUMULATED-GAINS-PRIOR>                      162,277
<OVERDISTRIB-NII-PRIOR>                       (48,084)
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                          560,282
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                805,233
<AVERAGE-NET-ASSETS>                        73,012,000
<PER-SHARE-NAV-BEGIN>                            11.06
<PER-SHARE-NII>                                   0.40
<PER-SHARE-GAIN-APPREC>                           0.34
<PER-SHARE-DIVIDEND>                            (0.41)
<PER-SHARE-DISTRIBUTIONS>                       (0.04)
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              11.35
<EXPENSE-RATIO>                                   1.98
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        

</TABLE>


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