<PAGE> PAGE 1
000 B000000 06/30/98
000 C000000 6306846000
000 D000000 N
000 E000000 NF
000 F000000 Y
000 G000000 N
000 H000000 N
000 I000000 3.0
000 J000000 A
001 A000000 VKAC PACE FUND
001 B000000 811-01792
001 C000000 6306846000
002 A000000 ONE PARKVIEW PLAZA
002 B000000 OAKBROOK TERRACE
002 C000000 IL
002 D010000 60181
003 000000 N
004 000000 N
005 000000 N
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007 C010400 4
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007 C010700 7
007 C010800 8
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007 C011000 10
008 A000001 VAN KAMPEN AMERICAN CAPITAL ASSET MGT., INC.
008 B000001 A
008 C000001 801-8286
008 D010001 OAKBROOK TERRACE
008 D020001 IL
008 D030001 60181
011 A000001 VAN KAMPEN AMERICAN CAPITAL DISTRIBUTORS, INC
011 B000001 8-19903
011 C010001 OAKBROOK TERRACE
011 C020001 IL
011 C030001 60181
012 A000001 ACCESS INVESTOR SERVICES, INC.
012 B000001 84-01621
012 C010001 KANSAS CITY
012 C020001 MO
012 C030001 64141
012 C040001 9256
013 A000001 PRICEWATERHOUSECOOPERS LLP
013 B010001 HOUSTON
<PAGE> PAGE 2
013 B020001 TX
013 B030001 77002
014 A000001 MORGAN STANLEY & CO., INCORPORATED
014 B000001 8-00733537
014 A000002 DEAN WITTER REYNOLDS, INC.
014 B000002 8-00728181
015 A000001 STATE STREET BANK & TRUST CO.
015 B000001 C
015 C010001 BOSTON
015 C020001 MA
015 C030001 02110
015 E010001 X
018 000000 Y
019 A000000 Y
019 B000000 118
019 C000000 VANKAMPENA
020 A000001 GOLDMAN SACHS
020 B000001 13-5108880
020 C000001 384
020 A000002 BERNSTEIN SANFORD C & CO INC
020 B000002 13-2625874
020 C000002 373
020 A000003 FIRST BOSTON
020 B000003 13-5659485
020 C000003 342
020 A000004 MONTGOMERY SECURITIES
020 B000004 94-1701676
020 C000004 337
020 A000005 MERRILL LYNCH
020 B000005 13-5674085
020 C000005 323
020 A000006 PAINE WEBBER
020 B000006 13-2638166
020 C000006 299
020 A000007 DONALDSON LUFKIN JENNRETTE
020 B000007 13-2741729
020 C000007 264
020 A000008 JAMES CAPEL & CO.
020 B000008 52-1348224
020 C000008 184
020 A000009 MAGILO (FRANCIS) & CO.
020 B000009 22-2854776
020 C000009 183
020 A000010 SALOMON SMITH BARNEY INC.
020 B000010 13-1912900
020 C000010 139
021 000000 5141
022 A000001 LEHMAN BROTHERS
022 B000001 13-2518466
022 C000001 4652764
022 D000001 36819
<PAGE> PAGE 3
022 A000002 BA SECURITIES
022 B000002 95-4035346
022 C000002 3705048
022 D000002 0
022 A000003 DONALDSON LUFKIN JENNRETTE
022 B000003 13-2741729
022 C000003 3074248
022 D000003 24478
022 A000004 SBC WARBURG DILLON READ
022 B000004 13-1339216
022 C000004 2124571
022 D000004 0
022 A000005 PRUDENTIAL SECURITIES
022 B000005 22-2347336
022 C000005 975293
022 D000005 6389
022 A000006 STATE STREET BANK & TRUST
022 B000006 04-1867445
022 C000006 547481
022 D000006 0
022 A000007 FUJI SECURITIES
022 B000007 36-2880742
022 C000007 320636
022 D000007 39906
022 A000008 GENERAL ELECTRIC CAP CORP
022 B000008 06-1076552
022 C000008 282991
022 D000008 0
022 A000009 GOLDMAN SACHS
022 B000009 13-5108880
022 C000009 119550
022 D000009 124404
022 A000010 FIRST BOSTON
022 B000010 13-5659485
022 C000010 131410
022 D000010 99899
023 C000000 16848907
023 D000000 629453
024 000000 Y
025 A000001 LEHMAN BROTHERS HOLDINGS, INC.
025 B000001 13-2518466
025 C000001 E
025 D000001 6205
025 A000002 MERRILL LYNCH & CO., INC.
025 B000002 13-5674085
025 C000002 E
025 D000002 6919
025 A000003 BEAR STEARNS COS., INC.
025 B000003 13-3299429
025 C000003 E
025 D000003 25250
<PAGE> PAGE 4
025 A000004 BANKERS TRUST NEW YORK CORP.
025 B000004 13-4941247
025 C000004 E
025 D000004 4643
025 A000005 CHASE MANHATTAN CORP.
025 B000005 13-2633612
025 C000005 E
025 D000005 50540
025 A000006 BA SECURITIES
025 B000006 95-4035346
025 C000006 E
025 D000006 21194
025 A000007 FIRST UNION CORP
025 B000007 56-1529080
025 C000007 E
025 D000007 18168
025 A000008 NATIONSBANK CORP.
025 B000008 68-0193243
025 C000008 E
025 D000008 3825
026 A000000 Y
026 B000000 Y
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026 D000000 Y
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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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SIGNATURE NICK DALMASO
TITLE ATTORNEY
NSAR ITEM 770
VKAC Pace Fund
10f-3 Transactions
<TABLE>
<CAPTION>
Amount of shares
Underwriting # Underwriting Purchased From Purchased % of Underwriting Date of Purchase
<S> <C> <C> <C> <C> <C>
1 Liberty Financial Companies Merrill Lynch 41,700 1.668% 07/17/97
2 Corestaff Inc. Montgomery Securities 5,938 0.099% 08/11/97
3 Corestaff Inc. Robinson Humphrey 19,962 0.333% 08/11/97
4 Steel Dynamics Inc. McDonald & Co. 48,000 0.571% 08/13/97
5 Steel Dynamics Inc. Salomon Brothers 96,000 1.143% 08/13/97
6 Avis Rent A Car, Inc. Bear Stearns 51,000 0.262% 09/23/97
7 Endesa Merrill Lynch 277,700 1.068% 10/21/97
8 Duane Reade Inc. Donaldson, Lufkin & 100,000 1.374% 02/10/98
Jenrette
9 St. Joe Corporation Invest 41,000 0.342% 02/10/98
10 St. Joe Corporation Everen Securities 19,000 0.158% 02/10/98
11 St. Joe Corporation Merrill Lynch 198,300 1.653% 02/10/98
12 St. Joe Corporation Raymond James 130,000 1.083% 02/10/98
13 St. Joe Corporation Robert W. Baird 36,100 0.301% 02/10/98
14 Alstom First Boston 441,100 0.404% 06/22/98
15 Rhodia ADS Societe Generale 71,600 0.651% 06/25/98
16 Republic Services, Inc. S.C. Bernstein 141,700 0.278% 06/30/98
</TABLE>
<PAGE>
Other Firms participating in Underwriting:
Underwriting for #1
- --------------------
Merrill Lynch, Inc.
Goldman, Sachs & Co.
PaineWebber Inc.
Fox-Pitt, Kelton Inc.
A.G. Edwards & Sons Inc.
Donaldson, Lufkin & Jenrette Securities Corporation
Lehman Brothers Inc.
J.P. Morgan Securities Inc.
Morgan Stanley & Co. Incorporated
Oppenheimer & Co., Inc.
Smith Barney Inc.
Wasserstein Perella Securities, Inc.
Sanford C. Bernstein & Co., Inc.
Dain Bosworth Incorporated
Furman Selz LLC
The Robinson-Humphrey Company, Inc.
M.J. Wjitmann & Co., Inc.
Underwriting for #2 & 3
- -----------------------
Morgan Stanley & Co., Inc.
Goldman, Sachs & Co.
Alex, Brown & Sons Inc.
Donaldson, Lufkin & Jenrette Securities Corp.
Montgomery Securities
The Robinson-Humphrey Company, Inc.
Bear, Stearns & Co., Inc.
William Blair & Company, L.L.C.
J.C. Bradford & Co.
Cleary Gull Reiland & McDevitt Inc.
A.G. Edwards & Sons, Inc.
Gerard Klauer Manison & Co., Inc.
Janney Montgomery Scott Inc.
Jefferies & Company, Inc.
Legg Mason Wood Walker, Inc.
Rauscher Pierce Refsnes, Inc.
Sanders Morris Mundy Inc.
Smith Barney Inc.
Stephens Inc.
Unterberg Harris, L.P.
Wasserstein Perella Securities, Inc.
Underwriting for #4 & 5
- -----------------------
Morgan Stanley & Co. Incorproated
PaineWebber Incorporated
Donaldson, Lufkin & Jenrette Securities Corporation
McDonald & Company Securities, Inc.
Salomon Brothers, Inc.
<PAGE>
Underwriting for #6
- -------------------
Bear, Stearns & Co., Inc.
Goldman, Sachs & Co.
Lehman Brothers Inc.
Montgomery Securities
Robertson, Stephens & Company LLC
Blaylock & Partners, L.P.
Chase Securities Inc.
ABN AMRO Chicago Corporation
BT Alex, Brown Inc.
Cowen & Company
Credit Suisse First Boston Corporation
Donaldson, Lufkin & Jenrette Securities Corporation
Furman Selz LLC
Lazard Freres & Co. LLC
Merrill Lynch, Inc.
J.P. Morgan Securities, Inc.
Morgan Stanley & Co., Inc.
Salomon Brothers Inc.
Smith Barney Inc.
Arnhold and S. Bleichroeder, Inc.
Gaines, Berland Inc.
McDonald & Company Securities, Inc.
Ormes Capital Markets, Inc.
Raymond James & Associates, Inc.
Sturdivant & Co., Inc.
Underwriting for #7
- -------------------
Merrill Lynch, Inc.
Morgan Stanley & Co., Inc.
Bear, Stearns & Co., Inc.
Credit Suisse First Boston Corporation
Goldman, Sachs & Co.
PaineWebber Incorproated
Salomon Brothers Inc.
Santander Investment Securities Inc.
BBV LatInvest Securities Inc.
A.G. Edwards & Sons, Inc.
J.P. Morgan Securities Inc.
Prodential Securities Incorporated
Schroder & Co., Inc.
CIBC Wood Gundy Securities Inc.
Robert W. Baird & Co. Incorporated
EVEREN Securities, Inc.
Janney Montgomery Scott Inc.
Edward D. Jones & Co., L.P.
Legg Mason Wood Walker, Inc.
McDonald & Company Securities, Inc.
Piper Jaffray Inc.
Wheat, First Securities, Inc.
<PAGE>
Underwriting for #8
- --------------------
Goldman, Sachs & Co.
Smith Barney Inc.
ABN AMRO Incorporated
BancAmerica Robertson Stephens
Bear, Stearns & Co. Inc.
BT Alex.Brown Incorporated
CIBC Oppenheimer Corp.
A.G. Edwards & Sons, Inc.
Furman Selz LLC
Lehman Brothers Inc.
Merrill Lynch, Pierce, Fenner & Smith Incorporated
Morgan Stanley & Co. Incorporated
Arnhold and S. Bleichroeder, Inc.
Robert W. Baird & Co. Incorporated
William Blair & Company LLC
Balckford Securities Corporation
Chatsworth Securities, LLC
Everen Securities, Inc.
Fahnestock & Co., Inc.
Gruntal & Co., LLC
Janney Montgomery Scott Inc.
Johnston, Lemon & Co. Incorporated
Edward D. Jones & Co., LP
C.L. King & Associates, Inc.
Ladenburg Thalmann & Co. Inc.
Laidlaw Global Securities, Inc.
Legg Mason Wood Walker, Incorporated
McDonald & Company Securities, Inc.
Needham & Company, Inc.
Ormes Capital Markets, Inc.
Parker/Hunter Incorporated
Pennsylvania Merchant Group Ltd
Ragen Mackenzie Incorporated
Raymond James & Associates, Inc.
Redwine & Company Inc.
The Robinson-Humphrey Company, LLC
Sanders Morris Mundy Inc.
Sands Brothers & Co., Ltd.
Scott & Stringfellow, Inc.
Underwriting for #9, 10, 11, 12, & 13
- -------------------------------------
Morgan Stanley & Co. Incorporated
Donaldson, Lufkin & Jenrette Securities Corporation
BT Alex.Brown Incorporated
A.G. Edwards & Sons, Inc.
Janney Montgomery Scott Inc.
Edward D. Jones & Co., LP
Laidlaw Global Securities, Inc.
Legg Mason Wood Walker, Incorporated
Prudential Securities Incorporated
Smith Barney Inc.
Value Investment Partners, Inc.
Wasserstein Parella Securities, Inc.
<PAGE>
Underwriting for #14
- --------------------
Goldman Sachs International
Societe Generale
Morgan Stanley & Co. International Limited
Banque Nationale de Paris
Credit Agricole Indosuez
HSBC Investment Bank plc
Swiss Bank Corporation
ABN AMRO Rothschild
Banca Commerciale Italiana Spa
Cazenova & Co.
CDC Marches
Credit Lyonnais Securities
Deutsche Bank AG London
Generale Bank
Lehman Brothers International (Europe)
Merrill Lynch International
Underwriting for #15
- --------------------
Swiss Bank Corporation, acting through its division, SBC Warburg Dillon Read
Morgan Stanley & Co. Incorporated
Donaldson, Lufkin & Jenrette International
Bear, Stearns International Limited
BT Alex.Brown International
Credit Suisse First Boston (Europe) Limited
Goldman Sachs International
Paribas
Credit Agricole Indosuez
Banque Nationale de Paris
Credit Lyonnais
Credit Commercial de France
ABN AMRO Rothschild
Dresdner Klienwort Benson
Normura International plc
<PAGE>
Underwriting for #16
- --------------------
Merrill Lynch, Pierce, Fenner & Smith Incorporated
Deutsche Bank Securities Inc.
Donaldson, Lufkin & Jenrette Securities Corporation
Allen & Company Incorporated
ABN AMRO Incorporated
BT Alex.Brown Incorporated
BancAmerica Robertson Stephens
Bear, Stearns & Co. Inc.
Blaylock & Partners, LP
Chatfield Dean & Company
CIBC Oppenheimer Corp.
Cleary Gull Reiland & McDevitt Inc.
First Analysis Securities Corporation
Fox-Pitt, Kelton Inc.
Furman Selz LLC
Gabelli & Company, Inc.
Goldman, Sachs & Co.
Morgan Stanley & Co. Incorporated
NationsBanc Montgomery Securities LLC
Neuberger & Berman, LLC
PaineWebber Incorporated
Raymond James & Associates, Inc.
Smith Barney Inc.
Utendahl Capital Partners, LP
Wheat First Securities, Inc.
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
<F1> This item relates to the Fund on a composite
basis and not on a class basis
</LEGEND>
<SERIES>
<NUMBER> 11
<NAME> PACE FUND A
<MULTIPLIER> 1
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> JUN-30-1998
<PERIOD-START> JUL-01-1997
<PERIOD-END> JUN-30-1998
<INVESTMENTS-AT-COST> 2,791,171,912 <F1>
<INVESTMENTS-AT-VALUE> 3,842,668,759 <F1>
<RECEIVABLES> 15,590,756 <F1>
<ASSETS-OTHER> 0 <F1>
<OTHER-ITEMS-ASSETS> 114,085 <F1>
<TOTAL-ASSETS> 3,858,373,600 <F1>
<PAYABLE-FOR-SECURITIES> 7,071,413 <F1>
<SENIOR-LONG-TERM-DEBT> 0 <F1>
<OTHER-ITEMS-LIABILITIES> 37,856,484 <F1>
<TOTAL-LIABILITIES> 44,927,897 <F1>
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 2,352,705,544
<SHARES-COMMON-STOCK> 244,569,116
<SHARES-COMMON-PRIOR> 215,699,117
<ACCUMULATED-NII-CURRENT> 14,997,955 <F1>
<OVERDISTRIBUTION-NII> 0 <F1>
<ACCUMULATED-NET-GAINS> 268,846,068 <F1>
<OVERDISTRIBUTION-GAINS> 0 <F1>
<ACCUM-APPREC-OR-DEPREC> 1,051,496,847 <F1>
<NET-ASSETS> 3,661,449,547
<DIVIDEND-INCOME> 49,774,060 <F1>
<INTEREST-INCOME> 8,880,824 <F1>
<OTHER-INCOME> 0 <F1>
<EXPENSES-NET> (31,647,355)<F1>
<NET-INVESTMENT-INCOME> 27,007,529 <F1>
<REALIZED-GAINS-CURRENT> 451,337,264 <F1>
<APPREC-INCREASE-CURRENT> 428,309,061 <F1>
<NET-CHANGE-FROM-OPS> 906,653,854 <F1>
<EQUALIZATION> 0 <F1>
<DISTRIBUTIONS-OF-INCOME> (30,092,754)
<DISTRIBUTIONS-OF-GAINS> (507,041,781)
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 114,528,015
<NUMBER-OF-SHARES-REDEEMED> (125,272,563)
<SHARES-REINVESTED> 39,614,547
<NET-CHANGE-IN-ASSETS> 669,223,957
<ACCUMULATED-NII-PRIOR> 15,027,238 <F1>
<ACCUMULATED-GAINS-PRIOR> 345,665,844 <F1>
<OVERDISTRIB-NII-PRIOR> 0 <F1>
<OVERDIST-NET-GAINS-PRIOR> 0 <F1>
<GROSS-ADVISORY-FEES> 15,236,351 <F1>
<INTEREST-EXPENSE> 0 <F1>
<GROSS-EXPENSE> 31,647,355 <F1>
<AVERAGE-NET-ASSETS> 3,374,265,888
<PER-SHARE-NAV-BEGIN> 13.872
<PER-SHARE-NII> 0.122
<PER-SHARE-GAIN-APPREC> 3.541
<PER-SHARE-DIVIDEND> (0.144)
<PER-SHARE-DISTRIBUTIONS> (2.420)
<RETURNS-OF-CAPITAL> 0.000
<PER-SHARE-NAV-END> 14.971
<EXPENSE-RATIO> 0.88
<AVG-DEBT-OUTSTANDING> 0 <F1>
<AVG-DEBT-PER-SHARE> 0 <F1>
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
<F1> This item relates to the Fund on a composite
basis and not on a class basis
</LEGEND>
<SERIES>
<NUMBER> 12
<NAME> PACE FUND B
<MULTIPLIER> 1
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> JUN-30-1998
<PERIOD-START> JUL-01-1997
<PERIOD-END> JUN-30-1998
<INVESTMENTS-AT-COST> 2,791,171,912 <F1>
<INVESTMENTS-AT-VALUE> 3,842,668,759 <F1>
<RECEIVABLES> 15,590,756 <F1>
<ASSETS-OTHER> 0 <F1>
<OTHER-ITEMS-ASSETS> 114,085 <F1>
<TOTAL-ASSETS> 3,858,373,600 <F1>
<PAYABLE-FOR-SECURITIES> 7,071,413 <F1>
<SENIOR-LONG-TERM-DEBT> 0 <F1>
<OTHER-ITEMS-LIABILITIES> 37,856,484 <F1>
<TOTAL-LIABILITIES> 44,927,897 <F1>
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 115,697,048
<SHARES-COMMON-STOCK> 9,498,871
<SHARES-COMMON-PRIOR> 6,955,032
<ACCUMULATED-NII-CURRENT> 14,997,955 <F1>
<OVERDISTRIBUTION-NII> 0 <F1>
<ACCUMULATED-NET-GAINS> 268,846,068 <F1>
<OVERDISTRIBUTION-GAINS> 0 <F1>
<ACCUM-APPREC-OR-DEPREC> 1,051,496,847 <F1>
<NET-ASSETS> 140,264,625
<DIVIDEND-INCOME> 49,774,060 <F1>
<INTEREST-INCOME> 8,880,824 <F1>
<OTHER-INCOME> 0 <F1>
<EXPENSES-NET> (31,647,355)<F1>
<NET-INVESTMENT-INCOME> 27,007,529 <F1>
<REALIZED-GAINS-CURRENT> 451,337,264 <F1>
<APPREC-INCREASE-CURRENT> 428,309,061 <F1>
<NET-CHANGE-FROM-OPS> 906,653,854 <F1>
<EQUALIZATION> 0 <F1>
<DISTRIBUTIONS-OF-INCOME> (375,733)
<DISTRIBUTIONS-OF-GAINS> (16,529,561)
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 15,697,912
<NUMBER-OF-SHARES-REDEEMED> (14,397,387)
<SHARES-REINVESTED> 1,243,314
<NET-CHANGE-IN-ASSETS> 44,768,788
<ACCUMULATED-NII-PRIOR> 15,027,238 <F1>
<ACCUMULATED-GAINS-PRIOR> 345,665,844 <F1>
<OVERDISTRIB-NII-PRIOR> 0 <F1>
<OVERDIST-NET-GAINS-PRIOR> 0 <F1>
<GROSS-ADVISORY-FEES> 15,236,351 <F1>
<INTEREST-EXPENSE> 0 <F1>
<GROSS-EXPENSE> 31,647,355 <F1>
<AVERAGE-NET-ASSETS> 115,127,336
<PER-SHARE-NAV-BEGIN> 13.730
<PER-SHARE-NII> 0.045
<PER-SHARE-GAIN-APPREC> 3.466
<PER-SHARE-DIVIDEND> (0.055)
<PER-SHARE-DISTRIBUTIONS> (2.420)
<RETURNS-OF-CAPITAL> 0.000
<PER-SHARE-NAV-END> 14.766
<EXPENSE-RATIO> 1.66
<AVG-DEBT-OUTSTANDING> 0 <F1>
<AVG-DEBT-PER-SHARE> 0 <F1>
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
<F1> This item relates to the Fund on a composite
basis and not on a class basis
</LEGEND>
<SERIES>
<NUMBER> 13
<NAME> PACE FUND C
<MULTIPLIER> 1
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> JUN-30-1998
<PERIOD-START> JUL-01-1997
<PERIOD-END> JUN-30-1998
<INVESTMENTS-AT-COST> 2,791,171,912 <F1>
<INVESTMENTS-AT-VALUE> 3,842,668,759 <F1>
<RECEIVABLES> 15,590,756 <F1>
<ASSETS-OTHER> 0 <F1>
<OTHER-ITEMS-ASSETS> 114,085 <F1>
<TOTAL-ASSETS> 3,858,373,600 <F1>
<PAYABLE-FOR-SECURITIES> 7,071,413 <F1>
<SENIOR-LONG-TERM-DEBT> 0 <F1>
<OTHER-ITEMS-LIABILITIES> 37,856,484 <F1>
<TOTAL-LIABILITIES> 44,927,897 <F1>
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 9,702,241
<SHARES-COMMON-STOCK> 793,372
<SHARES-COMMON-PRIOR> 506,841
<ACCUMULATED-NII-CURRENT> 14,997,955 <F1>
<OVERDISTRIBUTION-NII> 0 <F1>
<ACCUMULATED-NET-GAINS> 268,846,068 <F1>
<OVERDISTRIBUTION-GAINS> 0 <F1>
<ACCUM-APPREC-OR-DEPREC> 1,051,496,847 <F1>
<NET-ASSETS> 11,731,531
<DIVIDEND-INCOME> 49,774,060 <F1>
<INTEREST-INCOME> 8,880,824 <F1>
<OTHER-INCOME> 0 <F1>
<EXPENSES-NET> (31,647,355)<F1>
<NET-INVESTMENT-INCOME> 27,007,529 <F1>
<REALIZED-GAINS-CURRENT> 451,337,264 <F1>
<APPREC-INCREASE-CURRENT> 428,309,061 <F1>
<NET-CHANGE-FROM-OPS> 906,653,854 <F1>
<EQUALIZATION> 0 <F1>
<DISTRIBUTIONS-OF-INCOME> (25,654)
<DISTRIBUTIONS-OF-GAINS> (1,128,369)
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 2,661,609
<NUMBER-OF-SHARES-REDEEMED> (2,449,887)
<SHARES-REINVESTED> 74,809
<NET-CHANGE-IN-ASSETS> 4,761,673
<ACCUMULATED-NII-PRIOR> 15,027,238 <F1>
<ACCUMULATED-GAINS-PRIOR> 345,665,844 <F1>
<OVERDISTRIB-NII-PRIOR> 0 <F1>
<OVERDIST-NET-GAINS-PRIOR> 0 <F1>
<GROSS-ADVISORY-FEES> 15,236,351 <F1>
<INTEREST-EXPENSE> 0 <F1>
<GROSS-EXPENSE> 31,647,355 <F1>
<AVERAGE-NET-ASSETS> 8,254,790
<PER-SHARE-NAV-BEGIN> 13.752
<PER-SHARE-NII> 0.028
<PER-SHARE-GAIN-APPREC> 3.482
<PER-SHARE-DIVIDEND> (0.055)
<PER-SHARE-DISTRIBUTIONS> (2.420)
<RETURNS-OF-CAPITAL> 0.000
<PER-SHARE-NAV-END> 14.787
<EXPENSE-RATIO> 1.66
<AVG-DEBT-OUTSTANDING> 0 <F1>
<AVG-DEBT-PER-SHARE> 0 <F1>
</TABLE>
