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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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<PAGE> PAGE 21
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<PAGE> PAGE 22
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<PAGE> PAGE 23
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<PAGE> PAGE 24
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<PAGE> PAGE 26
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<PAGE> PAGE 27
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<PAGE> PAGE 28
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<PAGE> PAGE 29
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<PAGE> PAGE 30
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<PAGE> PAGE 31
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<PAGE> PAGE 32
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<PAGE> PAGE 33
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<PAGE> PAGE 34
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<PAGE> PAGE 35
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<PAGE> PAGE 36
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<PAGE> PAGE 38
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<PAGE> PAGE 39
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<PAGE> PAGE 40
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<PAGE> PAGE 41
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<PAGE> PAGE 42
SIGNATURE CATHERINE VACCA
TITLE DEPUTY MANAGER
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.
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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.
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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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<SERIES>
<NUMBER> 2
<NAME> Class C
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<PAID-IN-CAPITAL-COMMON> 75,674,311
<SHARES-COMMON-STOCK> 365,206
<SHARES-COMMON-PRIOR> 471,924
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> (1,334,606)
<ACCUMULATED-NET-GAINS> 0
<OVERDISTRIBUTION-GAINS> (4,544,175)
<ACCUM-APPREC-OR-DEPREC> 20,016,652
<NET-ASSETS> 89,812,182
<DIVIDEND-INCOME> 986,893
<INTEREST-INCOME> 448,158
<OTHER-INCOME> 0
<EXPENSES-NET> 2,466,752
<NET-INVESTMENT-INCOME> (1,031,701)
<REALIZED-GAINS-CURRENT> 9,836,694
<APPREC-INCREASE-CURRENT> (1,502,360)
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<EQUALIZATION> 0
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<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 160,723
<NUMBER-OF-SHARES-REDEEMED> (267,441)
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> (79,960,024)
<ACCUMULATED-NII-PRIOR> 231,030
<ACCUMULATED-GAINS-PRIOR> 0
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<OVERDIST-NET-GAINS-PRIOR> (15,903,022)
<GROSS-ADVISORY-FEES> 1,207,927
<INTEREST-EXPENSE> 102,632
<GROSS-EXPENSE> 2,466,752
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<PER-SHARE-NAV-BEGIN> 19.10
<PER-SHARE-NII> (0.30)
<PER-SHARE-GAIN-APPREC> 2.83
<PER-SHARE-DIVIDEND> 0
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 21.63
<EXPENSE-RATIO> 2.77
</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 2
<NAME> Class D
<MULTIPLIER> 1
<S> <C>
<PERIOD-TYPE> YEAR
<FISCAL-YEAR-END> 12/31/99
<PERIOD-START> 1/1/99
<PERIOD-END> 12/31/99
<INVESTMENTS-AT-COST> 70,284,235
<INVESTMENTS-AT-VALUE> 90,301,529
<RECEIVABLES> 2,525,023
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<OTHER-ITEMS-ASSETS> 870,526
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<PAYABLE-FOR-SECURITIES> 1,229,446
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 2,672,433
<TOTAL-LIABILITIES> 3,901,879
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<PAID-IN-CAPITAL-COMMON> 75,674,311
<SHARES-COMMON-STOCK> 263,036
<SHARES-COMMON-PRIOR> 536,674
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<OVERDISTRIBUTION-NII> (1,334,606)
<ACCUMULATED-NET-GAINS> 0
<OVERDISTRIBUTION-GAINS> (4,544,175)
<ACCUM-APPREC-OR-DEPREC> 20,016,652
<NET-ASSETS> 89,812,182
<DIVIDEND-INCOME> 986,893
<INTEREST-INCOME> 448,158
<OTHER-INCOME> 0
<EXPENSES-NET> 2,466,752
<NET-INVESTMENT-INCOME> (1,031,701)
<REALIZED-GAINS-CURRENT> 9,836,694
<APPREC-INCREASE-CURRENT> (1,502,360)
<NET-CHANGE-FROM-OPS> 7,302,633
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 81,692
<NUMBER-OF-SHARES-REDEEMED> (355,330)
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> (79,960,024)
<ACCUMULATED-NII-PRIOR> 231,030
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> (15,903,022)
<GROSS-ADVISORY-FEES> 1,207,927
<INTEREST-EXPENSE> 102,632
<GROSS-EXPENSE> 2,466,752
<AVERAGE-NET-ASSETS> 7,599,611
<PER-SHARE-NAV-BEGIN> 18.79
<PER-SHARE-NII> (0.18)
<PER-SHARE-GAIN-APPREC> 2.80
<PER-SHARE-DIVIDEND> 0
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 21.41
<EXPENSE-RATIO> 2.16
</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 1
<NAME> Class A
<MULTIPLIER> 1
<S> <C>
<PERIOD-TYPE> YEAR
<FISCAL-YEAR-END> 12/31/99
<PERIOD-START> 1/1/99
<PERIOD-END> 12/31/99
<INVESTMENTS-AT-COST> 1,174,999,156
<INVESTMENTS-AT-VALUE> 1,517,814,462
<RECEIVABLES> 40,570,498
<ASSETS-OTHER> 23,274,184
<OTHER-ITEMS-ASSETS> 1,808,161
<TOTAL-ASSETS> 1,583,467,305
<PAYABLE-FOR-SECURITIES> 18,611,805
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 40,964,440
<TOTAL-LIABILITIES> 59,576,245
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 1,193,606,129
<SHARES-COMMON-STOCK> 39,520,349
<SHARES-COMMON-PRIOR> 89,339,098
<ACCUMULATED-NII-CURRENT> 43,585,542
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 0
<OVERDISTRIBUTION-GAINS> (79,156,644)
<ACCUM-APPREC-OR-DEPREC> 365,856,033
<NET-ASSETS> 1,523,891,060
<DIVIDEND-INCOME> 41,425,865
<INTEREST-INCOME> 9,806,005
<OTHER-INCOME> 0
<EXPENSES-NET> 39,386,927
<NET-INVESTMENT-INCOME> 11,844,943
<REALIZED-GAINS-CURRENT> 17,788,379
<APPREC-INCREASE-CURRENT> (145,345,103)
<NET-CHANGE-FROM-OPS> (115,711,781)
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 21,179,421
<NUMBER-OF-SHARES-REDEEMED> (70,998,170)
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> (1,464,310,179)
<ACCUMULATED-NII-PRIOR> 48,844,853
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> (114,049,288)
<GROSS-ADVISORY-FEES> 21,736,189
<INTEREST-EXPENSE> 1,454,787
<GROSS-EXPENSE> 39,386,927
<AVERAGE-NET-ASSETS> 1,899,175,948
<PER-SHARE-NAV-BEGIN> 30.06
<PER-SHARE-NII> 0.17
<PER-SHARE-GAIN-APPREC> 1.93
<PER-SHARE-DIVIDEND> 0
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 32.16
<EXPENSE-RATIO> 1.76
[AVG-DEBT-OUTSTANDING] 45,555,435
[AVG-DEBT-PER-SHARE] 0.81
</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 1
<NAME> Class B
<MULTIPLIER> 1
<S> <C>
<PERIOD-TYPE> YEAR
<FISCAL-YEAR-END> 12/31/99
<PERIOD-START> 1/1/99
<PERIOD-END> 12/31/99
<INVESTMENTS-AT-COST> 1,174,999,156
<INVESTMENTS-AT-VALUE> 1,517,814,462
<RECEIVABLES> 40,570,498
<ASSETS-OTHER> 23,274,184
<OTHER-ITEMS-ASSETS> 1,808,161
<TOTAL-ASSETS> 1,583,467,305
<PAYABLE-FOR-SECURITIES> 18,611,805
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 40,964,440
<TOTAL-LIABILITIES> 59,576,245
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 1,193,606,129
<SHARES-COMMON-STOCK> 2,225,969
<SHARES-COMMON-PRIOR> 2,145,228
<ACCUMULATED-NII-CURRENT> 43,585,542
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 0
<OVERDISTRIBUTION-GAINS> (79,156,644)
<ACCUM-APPREC-OR-DEPREC> 365,856,033
<NET-ASSETS> 1,523,891,060
<DIVIDEND-INCOME> 41,425,865
<INTEREST-INCOME> 9,806,005
<OTHER-INCOME> 0
<EXPENSES-NET> 39,386,927
<NET-INVESTMENT-INCOME> 11,844,943
<REALIZED-GAINS-CURRENT> 17,788,379
<APPREC-INCREASE-CURRENT> (145,345,103)
<NET-CHANGE-FROM-OPS> (115,711,781)
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 1,085,856
<NUMBER-OF-SHARES-REDEEMED> (1,005,115)
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> (1,464,310,179)
<ACCUMULATED-NII-PRIOR> 48,844,853
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> (114,049,288)
<GROSS-ADVISORY-FEES> 21,736,189
<INTEREST-EXPENSE> 1,454,787
<GROSS-EXPENSE> 39,386,927
<AVERAGE-NET-ASSETS> 67,933,514
<PER-SHARE-NAV-BEGIN> 30.41
<PER-SHARE-NII> (0.07)
<PER-SHARE-GAIN-APPREC> 1.97
<PER-SHARE-DIVIDEND> 0
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 32.31
<EXPENSE-RATIO> 2.48
[AVG-DEBT-OUTSTANDING] 45,555,435
[AVG-DEBT-PER-SHARE] 0.81
</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 1
<NAME> Class C
<MULTIPLIER> 1
<S> <C>
<PERIOD-TYPE> YEAR
<FISCAL-YEAR-END> 12/31/99
<PERIOD-START> 1/1/99
<PERIOD-END> 12/31/99
<INVESTMENTS-AT-COST> 1,174,999,156
<INVESTMENTS-AT-VALUE> 1,517,814,462
<RECEIVABLES> 40,570,498
<ASSETS-OTHER> 23,274,184
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<TOTAL-ASSETS> 1,583,467,305
<PAYABLE-FOR-SECURITIES> 18,611,805
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 40,964,440
<TOTAL-LIABILITIES> 59,576,245
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 1,193,606,129
<SHARES-COMMON-STOCK> 2,464,121
<SHARES-COMMON-PRIOR> 2,583,074
<ACCUMULATED-NII-CURRENT> 43,585,542
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 0
<OVERDISTRIBUTION-GAINS> (79,156,644)
<ACCUM-APPREC-OR-DEPREC> 365,856,033
<NET-ASSETS> 1,523,891,060
<DIVIDEND-INCOME> 41,425,865
<INTEREST-INCOME> 9,806,005
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<EXPENSES-NET> 39,386,927
<NET-INVESTMENT-INCOME> 11,844,943
<REALIZED-GAINS-CURRENT> 17,788,379
<APPREC-INCREASE-CURRENT> (145,345,103)
<NET-CHANGE-FROM-OPS> (115,711,781)
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 1,687,268
<NUMBER-OF-SHARES-REDEEMED> (1,806,221)
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> (1,464,310,179)
<ACCUMULATED-NII-PRIOR> 48,844,853
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> (114,049,288)
<GROSS-ADVISORY-FEES> 21,736,189
<INTEREST-EXPENSE> 1,454,787
<GROSS-EXPENSE> 39,386,927
<AVERAGE-NET-ASSETS> 83,820,562
<PER-SHARE-NAV-BEGIN> 30.37
<PER-SHARE-NII> (0.05)
<PER-SHARE-GAIN-APPREC> 1.97
<PER-SHARE-DIVIDEND> 0
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 32.29
<EXPENSE-RATIO> 2.48
[AVG-DEBT-OUTSTANDING] 45,555,435
[AVG-DEBT-PER-SHARE] 0.81
</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 1
<NAME> Class D
<MULTIPLIER> 1
<S> <C>
<PERIOD-TYPE> YEAR
<FISCAL-YEAR-END> 12/31/99
<PERIOD-START> 1/1/99
<PERIOD-END> 12/31/99
<INVESTMENTS-AT-COST> 1,174,999,156
<INVESTMENTS-AT-VALUE> 1,517,814,462
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<OTHER-ITEMS-LIABILITIES> 40,964,440
<TOTAL-LIABILITIES> 59,576,245
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 1,193,606,129
<SHARES-COMMON-STOCK> 3,171,592
<SHARES-COMMON-PRIOR> 5,308,001
<ACCUMULATED-NII-CURRENT> 43,585,542
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 0
<OVERDISTRIBUTION-GAINS> (79,156,644)
<ACCUM-APPREC-OR-DEPREC> 365,856,033
<NET-ASSETS> 1,523,891,060
<DIVIDEND-INCOME> 41,425,865
<INTEREST-INCOME> 9,806,005
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<EXPENSES-NET> 39,386,927
<NET-INVESTMENT-INCOME> 11,844,943
<REALIZED-GAINS-CURRENT> 17,788,379
<APPREC-INCREASE-CURRENT> (145,345,103)
<NET-CHANGE-FROM-OPS> (115,711,781)
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 526,369
<NUMBER-OF-SHARES-REDEEMED> (2,662,778)
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> (1,464,310,179)
<ACCUMULATED-NII-PRIOR> 48,844,853
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> (114,049,288)
<GROSS-ADVISORY-FEES> 21,736,189
<INTEREST-EXPENSE> 1,454,787
<GROSS-EXPENSE> 39,386,927
<AVERAGE-NET-ASSETS> 118,304,316
<PER-SHARE-NAV-BEGIN> 29.92
<PER-SHARE-NII> 0.09
<PER-SHARE-GAIN-APPREC> 1.95
<PER-SHARE-DIVIDEND> 0
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 31.96
<EXPENSE-RATIO> 1.94
[AVG-DEBT-OUTSTANDING] 45,555,435
[AVG-DEBT-PER-SHARE] 0.81
</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 7
<NAME> Class A
<MULTIPLIER> 1
<S> <C>
<PERIOD-TYPE> YEAR
<FISCAL-YEAR-END> 12/31/99
<PERIOD-START> 1/1/99
<PERIOD-END> 12/31/99
<INVESTMENTS-AT-COST> 44,936,907
<INVESTMENTS-AT-VALUE> 64,609,177
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<TOTAL-ASSETS> 72,831,759
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<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 318,993
<TOTAL-LIABILITIES> 819,189
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 56,562,348
<SHARES-COMMON-STOCK> 4,819,899
<SHARES-COMMON-PRIOR> 2,963,123
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> (1,723,177)
<ACCUMULATED-NET-GAINS> 0
<OVERDISTRIBUTION-GAINS> (2,531,181)
<ACCUM-APPREC-OR-DEPREC> 19,704,580
<NET-ASSETS> 72,012,570
<DIVIDEND-INCOME> 156,276
<INTEREST-INCOME> 130,604
<OTHER-INCOME> 0
<EXPENSES-NET> 919,003
<NET-INVESTMENT-INCOME> (632,123)
<REALIZED-GAINS-CURRENT> 9,163,778
<APPREC-INCREASE-CURRENT> 20,359,363
<NET-CHANGE-FROM-OPS> 28,891,018
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> (2,100,948)
<NUMBER-OF-SHARES-SOLD> 4,463,325
<NUMBER-OF-SHARES-REDEEMED> (2,728,426)
<SHARES-REINVESTED> 121,877
<NET-CHANGE-IN-ASSETS> 47,739,719
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> (564,454)
<OVERDIST-NET-GAINS-PRIOR> (10,032,285)
<GROSS-ADVISORY-FEES> 419,808
<INTEREST-EXPENSE> 2,940
<GROSS-EXPENSE> 919,003
<AVERAGE-NET-ASSETS> 39,302,626
<PER-SHARE-NAV-BEGIN> 7.65
<PER-SHARE-NII> (0.14)
<PER-SHARE-GAIN-APPREC> 6.77
<PER-SHARE-DIVIDEND> (0.43)
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 13.85
<EXPENSE-RATIO> 2.06
</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 7
<NAME> Class B
<MULTIPLIER> 1
<S> <C>
<PERIOD-TYPE> YEAR
<FISCAL-YEAR-END> 12/31/99
<PERIOD-START> 1/1/99
<PERIOD-END> 12/31/99
<INVESTMENTS-AT-COST> 44,936,907
<INVESTMENTS-AT-VALUE> 64,609,177
<RECEIVABLES> 1,805,947
<ASSETS-OTHER> 13,590
<OTHER-ITEMS-ASSETS> 6,403,045
<TOTAL-ASSETS> 72,831,759
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<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 318,993
<TOTAL-LIABILITIES> 819,189
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 56,562,348
<SHARES-COMMON-STOCK> 214,484
<SHARES-COMMON-PRIOR> 82,029
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> (1,723,177)
<ACCUMULATED-NET-GAINS> 0
<OVERDISTRIBUTION-GAINS> (2,531,181)
<ACCUM-APPREC-OR-DEPREC> 19,704,580
<NET-ASSETS> 72,012,570
<DIVIDEND-INCOME> 156,276
<INTEREST-INCOME> 130,604
<OTHER-INCOME> 0
<EXPENSES-NET> 919,003
<NET-INVESTMENT-INCOME> (632,123)
<REALIZED-GAINS-CURRENT> 9,163,778
<APPREC-INCREASE-CURRENT> 20,359,363
<NET-CHANGE-FROM-OPS> 28,891,018
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> (60,901)
<NUMBER-OF-SHARES-SOLD> 176,443
<NUMBER-OF-SHARES-REDEEMED> (48,496)
<SHARES-REINVESTED> 4,508
<NET-CHANGE-IN-ASSETS> 47,739,719
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> (564,454)
<OVERDIST-NET-GAINS-PRIOR> (10,032,285)
<GROSS-ADVISORY-FEES> 419,808
<INTEREST-EXPENSE> 2,940
<GROSS-EXPENSE> 919,003
<AVERAGE-NET-ASSETS> 1,469,472
<PER-SHARE-NAV-BEGIN> 8.11
<PER-SHARE-NII> (0.34)
<PER-SHARE-GAIN-APPREC> 6.98
<PER-SHARE-DIVIDEND> (0.30)
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 14.45
<EXPENSE-RATIO> 3.80
</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 7
<NAME> Class C
<MULTIPLIER> 1
<S> <C>
<PERIOD-TYPE> YEAR
<FISCAL-YEAR-END> 12/31/99
<PERIOD-START> 1/1/99
<PERIOD-END> 12/31/99
<INVESTMENTS-AT-COST> 44,936,907
<INVESTMENTS-AT-VALUE> 64,609,177
<RECEIVABLES> 1,805,947
<ASSETS-OTHER> 13,590
<OTHER-ITEMS-ASSETS> 6,403,045
<TOTAL-ASSETS> 72,831,759
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<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 318,993
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<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 56,562,348
<SHARES-COMMON-STOCK> 147,114
<SHARES-COMMON-PRIOR> 117,546
<ACCUMULATED-NII-CURRENT> 0
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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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<NAME> Class B
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WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
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<NAME> Class C
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<S> <C>
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WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
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<SERIES>
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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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<SERIES>
<NUMBER> 4
<NAME> Class B
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WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 4
<NAME> Class C
<MULTIPLIER> 1
<S> <C>
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WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 4
<NAME> Class D
<MULTIPLIER> 1
<S> <C>
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<C>
Supplemental Proxy Information
The "Company" had a special meeting of shareholders on October 26, 1999.
The following is a description of the matters presented to shareholders
for approval and the results of the voting.
1.
To approve the investment advisory contract between the Fund and GAM
International Management Limited ("GIML").
<S> <C> <C> <C> <S>
Series For Against Abstain
GAM International Fund 34,078,957 980,017 426,089
GAM Global Fund 3,250,681 106,505 56,446
GAM Pacific Basin Fund 2,119,892 9,182 34,136
GAM Europe Fund 1,364,496 8,847 32,209
GAM North America Fund 1,682,711 4,302 19,383
GAM Japan Capital Fund 2,784,574 25,920 18,192
GAMerica Capital Fund 1,735,078 10,561 24,962
2.
To change the fundamental investment restriction of GAM Pacific Basin Fund
("GPB") to permit GPB to invest more than 25% of the value of its assets in a single
market sector.
<S> <C> <C> <C> <S>
Series For Against Abstain
GAM Pacific Basin Fund 1,565,390 52,883 31,246
</TABLE>
