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<PAGE> PAGE 12
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070 E010500 Y
070 E020500 N
070 F010500 Y
070 F020500 N
070 G010500 Y
070 G020500 N
070 H010500 Y
070 H020500 N
070 I010500 Y
070 I020500 N
070 J010500 Y
070 J020500 N
070 K010500 Y
070 K020500 N
070 L010500 Y
070 L020500 Y
<PAGE> PAGE 21
070 M010500 Y
070 M020500 Y
070 N010500 Y
070 N020500 N
070 O010500 Y
070 O020500 N
070 P010500 N
070 P020500 N
070 Q010500 Y
070 Q020500 N
070 R010500 Y
070 R020500 N
071 A000500 10891
071 B000500 7286
071 C000500 22743
071 D000500 32
072 A000500 6
072 B000500 28
072 C000500 388
072 D000500 0
072 E000500 0
072 F000500 131
072 G000500 16
072 H000500 0
072 I000500 14
072 J000500 14
072 K000500 0
072 L000500 8
072 M000500 0
072 N000500 16
072 O000500 0
072 P000500 0
072 Q000500 0
072 R000500 13
072 S000500 1
072 T000500 0
072 U000500 0
072 V000500 0
072 W000500 8
072 X000500 221
072 Y000500 0
072 Z000500 195
072AA000500 1015
072BB000500 0
072CC010500 2237
072CC020500 0
072DD010500 0
072DD020500 0
072EE000500 0
073 A010500 0.0000
073 A020500 0.0000
<PAGE> PAGE 22
073 B000500 0.0000
073 C000500 0.0000
074 A000500 6403
074 B000500 0
074 C000500 0
074 D000500 130
074 E000500 987
074 F000500 25843
074 G000500 0
074 H000500 0
074 I000500 4
074 J000500 262
074 K000500 0
074 L000500 134
074 M000500 16
074 N000500 33779
074 O000500 1073
074 P000500 0
074 Q000500 0
074 R010500 0
074 R020500 0
074 R030500 0
074 R040500 304
074 S000500 0
074 T000500 32402
074 U010500 2812344
074 U020500 0
074 V010500 11.52
074 V020500 0.00
074 W000500 0.0000
074 X000500 439
074 Y000500 0
075 A000500 0
075 B000500 26120
076 000500 0.00
008 A000601 GAM INTERNATIONAL MANAGEMENT LIMITED
008 B000601 A
008 C000601 801-22307
008 D010601 LONDON
008 D050601 ENGLAND
008 A000602 FAYEZ SAROFIM & CO.
008 B000602 A
008 C000602 801-1234
008 D010602 HOUSTON
008 D020602 TX
008 D030602 77010
010 A000601 BROWN BROTHERS HARRIMAN & CO.
010 C010601 BOSTON
010 C020601 MA
010 C030601 02108
024 000600 N
<PAGE> PAGE 23
029 000600 Y
030 A000600 2
030 B000600 5.00
030 C000600 0.00
031 A000600 1
031 B000600 0
032 000600 1
033 000600 0
037 000600 N
038 000600 0
039 000600 Y
040 000600 N
041 000600 N
042 A000600 0
042 B000600 0
042 C000600 0
042 D000600 0
042 E000600 0
042 F000600 0
042 G000600 0
042 H000600 0
043 000600 0
044 000600 0
045 000600 Y
046 000600 Y
047 000600 Y
048 000600 1.000
048 A010600 0
048 A020600 0.000
048 B010600 0
048 B020600 0.000
048 C010600 0
048 C020600 0.000
048 D010600 0
048 D020600 0.000
048 E010600 0
048 E020600 0.000
048 F010600 0
048 F020600 0.000
048 G010600 0
048 G020600 0.000
048 H010600 0
048 H020600 0.000
048 I010600 0
048 I020600 0.000
048 J010600 0
048 J020600 0.000
048 K010600 0
048 K020600 0.000
049 000600 N
050 000600 N
<PAGE> PAGE 24
051 000600 N
052 000600 N
053 A000600 N
055 A000600 N
055 B000600 N
056 000600 Y
057 000600 N
066 A000600 Y
066 B000600 Y
067 000600 N
068 A000600 N
068 B000600 N
069 000600 N
070 A010600 Y
070 A020600 N
070 B010600 Y
070 B020600 N
070 C010600 Y
070 C020600 N
070 D010600 Y
070 D020600 N
070 E010600 Y
070 E020600 N
070 F010600 Y
070 F020600 N
070 G010600 Y
070 G020600 N
070 H010600 Y
070 H020600 N
070 I010600 Y
070 I020600 N
070 J010600 Y
070 J020600 N
070 K010600 Y
070 K020600 N
070 L010600 Y
070 L020600 N
070 M010600 Y
070 M020600 N
070 N010600 Y
070 N020600 N
070 O010600 Y
070 O020600 N
070 P010600 N
070 P020600 N
070 Q010600 Y
070 Q020600 N
070 R010600 Y
070 R020600 N
071 A000600 21
071 B000600 1589
<PAGE> PAGE 25
071 C000600 5541
071 D000600 0
072 A000600 6
072 B000600 1
072 C000600 59
072 D000600 0
072 E000600 0
072 F000600 29
072 G000600 3
072 H000600 0
072 I000600 3
072 J000600 4
072 K000600 0
072 L000600 5
072 M000600 0
072 N000600 15
072 O000600 0
072 P000600 1
072 Q000600 0
072 R000600 8
072 S000600 1
072 T000600 0
072 U000600 0
072 V000600 0
072 W000600 3
072 X000600 72
072 Y000600 0
072 Z000600 -12
072AA000600 516
072BB000600 0
072CC010600 121
072CC020600 0
072DD010600 0
072DD020600 0
072EE000600 0
073 A010600 0.0000
073 A020600 0.0000
073 B000600 0.0000
073 C000600 0.0000
074 A000600 258
074 B000600 0
074 C000600 0
074 D000600 0
074 E000600 0
074 F000600 5078
074 G000600 0
074 H000600 0
074 I000600 0
074 J000600 0
074 K000600 0
074 L000600 9
<PAGE> PAGE 26
074 M000600 15
074 N000600 5360
074 O000600 0
074 P000600 0
074 Q000600 0
074 R010600 0
074 R020600 0
074 R030600 0
074 R040600 73
074 S000600 0
074 T000600 5287
074 U010600 397749
074 U020600 0
074 V010600 13.29
074 V020600 0.00
074 W000600 0.0000
074 X000600 57
074 Y000600 0
075 A000600 0
075 B000600 5613
076 000600 0.00
008 A000701 GAM INTERNATIONAL MANAGEMENT LIMITED
008 B000701 A
008 C000701 801-22307
008 D010701 LONDON
008 D050701 ENGLAND
010 A000701 BROWN BROTHERS HARRIMAN & CO.
010 C010701 BOSTON
010 C020701 MA
010 C030701 02108
024 000700 Y
025 A000701 DONALDSON, LUFKIN & JENRETTE SECURITIES CORP.
025 B000701 13-2741729
025 C000701 E
025 D000701 41
025 D000702 0
025 D000703 0
025 D000704 0
025 D000705 0
025 D000706 0
025 D000707 0
025 D000708 0
029 000700 Y
030 A000700 113
030 B000700 5.00
030 C000700 0.00
031 A000700 49
031 B000700 0
032 000700 58
033 000700 6
037 000700 N
<PAGE> PAGE 27
038 000700 0
039 000700 Y
040 000700 N
041 000700 N
042 A000700 0
042 B000700 0
042 C000700 0
042 D000700 0
042 E000700 0
042 F000700 0
042 G000700 0
042 H000700 0
043 000700 0
044 000700 0
045 000700 Y
046 000700 N
047 000700 Y
048 000700 1.000
048 A010700 0
048 A020700 0.000
048 B010700 0
048 B020700 0.000
048 C010700 0
048 C020700 0.000
048 D010700 0
048 D020700 0.000
048 E010700 0
048 E020700 0.000
048 F010700 0
048 F020700 0.000
048 G010700 0
048 G020700 0.000
048 H010700 0
048 H020700 0.000
048 I010700 0
048 I020700 0.000
048 J010700 0
048 J020700 0.000
048 K010700 0
048 K020700 0.000
049 000700 N
050 000700 N
051 000700 N
052 000700 N
053 A000700 N
055 A000700 N
055 B000700 N
056 000700 Y
057 000700 N
066 A000700 Y
066 B000700 Y
<PAGE> PAGE 28
067 000700 N
068 A000700 N
068 B000700 Y
069 000700 N
070 A010700 Y
070 A020700 N
070 B010700 Y
070 B020700 N
070 C010700 Y
070 C020700 N
070 D010700 Y
070 D020700 N
070 E010700 Y
070 E020700 N
070 F010700 Y
070 F020700 N
070 G010700 Y
070 G020700 N
070 H010700 Y
070 H020700 N
070 I010700 Y
070 I020700 N
070 J010700 Y
070 J020700 N
070 K010700 Y
070 K020700 N
070 L010700 Y
070 L020700 Y
070 M010700 Y
070 M020700 Y
070 N010700 N
070 N020700 N
070 O010700 N
070 O020700 N
070 P010700 N
070 P020700 N
070 Q010700 Y
070 Q020700 N
070 R010700 Y
070 R020700 N
071 A000700 22584
071 B000700 2542
071 C000700 22455
071 D000700 11
072 A000700 6
072 B000700 38
072 C000700 76
072 D000700 0
072 E000700 0
072 F000700 149
072 G000700 14
<PAGE> PAGE 29
072 H000700 0
072 I000700 17
072 J000700 10
072 K000700 0
072 L000700 7
072 M000700 0
072 N000700 15
072 O000700 0
072 P000700 0
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072 R000700 11
072 S000700 2
072 T000700 0
072 U000700 9
072 V000700 0
072 W000700 0
072 X000700 234
072 Y000700 0
072 Z000700 -120
072AA000700 1027
072BB000700 0
072CC010700 1780
072CC020700 0
072DD010700 0
072DD020700 0
072EE000700 0
073 A010700 0.0000
073 A020700 0.0000
073 B000700 0.0000
073 C000700 0.0000
074 A000700 7363
074 B000700 0
074 C000700 0
074 D000700 0
074 E000700 0
074 F000700 31601
074 G000700 0
074 H000700 0
074 I000700 1457
074 J000700 0
074 K000700 0
074 L000700 70
074 M000700 1014
074 N000700 41505
074 O000700 293
074 P000700 0
074 Q000700 0
074 R010700 0
074 R020700 0
074 R030700 0
074 R040700 190
<PAGE> PAGE 30
074 S000700 0
074 T000700 41022
074 U010700 3701224
074 U020700 0
074 V010700 11.08
074 V020700 0.00
074 W000700 0.0000
074 X000700 459
074 Y000700 0
075 A000700 0
075 B000700 29773
076 000700 0.00
008 A000801 GAM INTERNATIONAL MANAGEMENT LIMITED
008 B000801 A
008 C000801 801-22307
008 D010801 LONDON
008 D050801 ENGLAND
010 A000801 BROWN BROTHERS HARRIMAN & CO.
010 C010801 BOSTON
010 C020801 MA
010 C030801 02108
024 000800 Y
025 A000801 KIM ENG HOLDINGS
025 B000801 13-2572209
025 C000801 E
025 D000801 86
025 D000802 0
025 D000803 0
025 D000804 0
025 D000805 0
025 D000806 0
025 D000807 0
025 D000808 0
029 000800 Y
030 A000800 6
030 B000800 5.00
030 C000800 0.00
031 A000800 3
031 B000800 0
032 000800 2
033 000800 0
037 000800 N
038 000800 0
039 000800 Y
040 000800 N
041 000800 N
042 A000800 0
042 B000800 0
042 C000800 0
042 D000800 0
042 E000800 0
<PAGE> PAGE 31
042 F000800 0
042 G000800 0
042 H000800 0
043 000800 0
044 000800 0
045 000800 Y
046 000800 N
047 000800 Y
048 000800 1.000
048 A010800 0
048 A020800 0.000
048 B010800 0
048 B020800 0.000
048 C010800 0
048 C020800 0.000
048 D010800 0
048 D020800 0.000
048 E010800 0
048 E020800 0.000
048 F010800 0
048 F020800 0.000
048 G010800 0
048 G020800 0.000
048 H010800 0
048 H020800 0.000
048 I010800 0
048 I020800 0.000
048 J010800 0
048 J020800 0.000
048 K010800 0
048 K020800 0.000
049 000800 N
050 000800 N
051 000800 N
052 000800 N
053 A000800 N
055 A000800 N
055 B000800 N
056 000800 Y
057 000800 N
066 A000800 Y
066 B000800 Y
067 000800 N
068 A000800 N
068 B000800 Y
069 000800 N
070 A010800 Y
070 A020800 N
070 B010800 Y
070 B020800 N
070 C010800 Y
<PAGE> PAGE 32
070 C020800 N
070 D010800 Y
070 D020800 N
070 E010800 Y
070 E020800 N
070 F010800 Y
070 F020800 N
070 G010800 Y
070 G020800 N
070 H010800 Y
070 H020800 N
070 I010800 Y
070 I020800 N
070 J010800 Y
070 J020800 N
070 K010800 Y
070 K020800 Y
070 L010800 Y
070 L020800 Y
070 M010800 Y
070 M020800 N
070 N010800 Y
070 N020800 N
070 O010800 Y
070 O020800 N
070 P010800 N
070 P020800 N
070 Q010800 Y
070 Q020800 N
070 R010800 Y
070 R020800 N
071 A000800 3429
071 B000800 1892
071 C000800 5907
071 D000800 32
072 A000800 6
072 B000800 5
072 C000800 65
072 D000800 0
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072 F000800 34
072 G000800 3
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<PAGE> PAGE 33
072 Q000800 0
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072 Y000800 0
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072BB000800 19
072CC010800 396
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072DD020800 0
072EE000800 0
073 A010800 0.0000
073 A020800 0.0000
073 B000800 0.0000
073 C000800 0.0000
074 A000800 1396
074 B000800 0
074 C000800 0
074 D000800 29
074 E000800 0
074 F000800 6643
074 G000800 0
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074 J000800 273
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074 M000800 35
074 N000800 8662
074 O000800 140
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074 R010800 0
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074 R040800 57
074 S000800 0
074 T000800 8465
074 U010800 841126
074 U020800 0
074 V010800 10.06
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074 W000800 0.0000
074 X000800 160
074 Y000800 0
<PAGE> PAGE 34
075 A000800 0
075 B000800 6848
076 000800 0.00
008 A000901 GAM INTERNATIONAL MANAGMENT LIMITED
008 B000901 A
008 C000901 801-22307
008 D010901 LONDON
008 D050901 ENGLAND
024 000900 N
025 D000901 0
025 D000902 0
025 D000903 0
025 D000904 0
025 D000905 0
025 D000906 0
025 D000907 0
025 D000908 0
029 000900 Y
030 A000900 1
030 B000900 5.00
030 C000900 0.00
031 A000900 1
031 B000900 0
032 000900 0
033 000900 0
037 000900 N
038 000900 0
039 000900 Y
040 000900 N
041 000900 N
045 000900 Y
046 000900 N
047 000900 Y
048 000900 1.000
048 A010900 0
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048 B020900 0.000
048 C010900 0
048 C020900 0.000
048 D010900 0
048 D020900 0.000
048 E010900 0
048 E020900 0.000
048 F010900 0
048 F020900 0.000
048 G010900 0
048 G020900 0.000
048 H010900 0
048 H020900 0.000
048 I010900 0
<PAGE> PAGE 35
048 I020900 0.000
048 J010900 0
048 J020900 0.000
048 K010900 0
048 K020900 0.000
049 000900 N
050 000900 N
051 000900 N
052 000900 N
053 A000900 N
055 A000900 N
055 B000900 N
056 000900 Y
057 000900 N
066 A000900 Y
066 B000900 Y
067 000900 N
068 A000900 N
068 B000900 N
069 000900 N
070 A010900 Y
070 A020900 N
070 B010900 Y
070 B020900 N
070 C010900 Y
070 C020900 N
070 D010900 Y
070 D020900 N
070 E010900 Y
070 E020900 N
070 F010900 Y
070 F020900 N
070 G010900 Y
070 G020900 N
070 H010900 Y
070 H020900 N
070 I010900 Y
070 I020900 N
070 J010900 Y
070 J020900 N
070 K010900 Y
070 K020900 N
070 L010900 Y
070 L020900 N
070 M010900 Y
070 M020900 N
070 N010900 Y
070 N020900 N
070 O010900 Y
070 O020900 N
070 P010900 N
<PAGE> PAGE 36
070 P020900 N
070 Q010900 Y
070 Q020900 N
070 R010900 Y
070 R020900 N
071 A000900 243
071 B000900 942
071 C000900 2282
071 D000900 11
072 A000900 6
072 B000900 5
072 C000900 12
072 D000900 0
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074 A000900 256
074 B000900 0
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<PAGE> PAGE 37
074 F000900 2118
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076 000900 0.00
SIGNATURE CATHERINE VACCA
TITLE DEPUTY MANAGER
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 001
<NAME> Class A
<MULTIPLIER> 1
<S> <C>
<PERIOD-TYPE> 6-mos
<FISCAL-YEAR-END> Dec-31-1996
<PERIOD-START> Jan-1-1996
<PERIOD-END> June-30-1996
<INVESTMENTS-AT-COST> "68,600,151"
<INVESTMENTS-AT-VALUE> "73,866,119"
<RECEIVABLES> "269,561"
<ASSETS-OTHER> "7,805,441"
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> "81,941,121"
<PAYABLE-FOR-SECURITIES> "236,416"
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> "428,680"
<TOTAL-LIABILITIES> "665,096"
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> "74,434,280"
<SHARES-COMMON-STOCK> "4,469,898"
<SHARES-COMMON-PRIOR> "3,177,928"
<ACCUMULATED-NII-CURRENT> "94,594"
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> "1,126,572"
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> "5,620,579"
<NET-ASSETS> "81,276,025"
<DIVIDEND-INCOME> "531,529"
<INTEREST-INCOME> "121,700"
<OTHER-INCOME> 0
<EXPENSES-NET> "528,174"
<NET-INVESTMENT-INCOME> "125,055"
<REALIZED-GAINS-CURRENT> "2,673,598"
<APPREC-INCREASE-CURRENT> "(639,621)"
<NET-CHANGE-FROM-OPS> "2,159,032"
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> "36,528,622"
<NUMBER-OF-SHARES-REDEEMED> "(13,543,655)"
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> "25,784,620"
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> "(30,461)"
<OVERDIST-NET-GAINS-PRIOR> "(1,547,026)"
<GROSS-ADVISORY-FEES> "369,720"
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> "528,174"
<AVERAGE-NET-ASSETS> "73,944,003"
<PER-SHARE-NAV-BEGIN> 16.97
<PER-SHARE-NII> .03
<PER-SHARE-GAIN-APPREC> .68
<PER-SHARE-DIVIDEND> 0
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 17.68
<EXPENSE-RATIO> 1.53
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 001
<NAME> Class D
<MULTIPLIER> 1
<S> <C>
<PERIOD-TYPE> 6-mos
<FISCAL-YEAR-END> Dec-31-1996
<PERIOD-START> Jan-1-1996
<PERIOD-END> June-30-1996
<INVESTMENTS-AT-COST> "68,600,151"
<INVESTMENTS-AT-VALUE> "73,866,119"
<RECEIVABLES> "269,561"
<ASSETS-OTHER> "7,805,441"
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> "81,941,121"
<PAYABLE-FOR-SECURITIES> "236,416"
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> "428,680"
<TOTAL-LIABILITIES> "665,096"
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> "74,434,280"
<SHARES-COMMON-STOCK> "127,941"
<SHARES-COMMON-PRIOR> "91,183"
<ACCUMULATED-NII-CURRENT> "94,594"
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> "1,126,572"
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> "5,620,579"
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WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
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WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
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WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
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WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
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WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
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WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
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WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
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<NAME> Class A
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WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
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WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
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