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SIGNATURE ANTHONY PACE
TITLE CONTROLLER
[ARTICLE] 6
[CIK] 0000764624
[NAME] PREMIUM TOTAL RETURN - CLASS A
<TABLE>
<S> <C>
[PERIOD-TYPE] YEAR
[FISCAL-YEAR-END] DEC-31-1999
[PERIOD-END] DEC-31-1999
[INVESTMENTS-AT-COST] 2,249,828,328
[INVESTMENTS-AT-VALUE] 2,545,540,829
[RECEIVABLES] 202,999,800
[ASSETS-OTHER] 7,138
[OTHER-ITEMS-ASSETS] 0
[TOTAL-ASSETS] 2,748,547,767
[PAYABLE-FOR-SECURITIES] 38,935,160
[SENIOR-LONG-TERM-DEBT] 0
[OTHER-ITEMS-LIABILITIES] 164,716,707
[TOTAL-LIABILITIES] 203,651,867
[SENIOR-EQUITY] 0
[PAID-IN-CAPITAL-COMMON] 2,090,115,757
[SHARES-COMMON-STOCK] 36,933,643
[SHARES-COMMON-PRIOR] 41,925,589
[ACCUMULATED-NII-CURRENT] 7,790,038
[OVERDISTRIBUTION-NII] 0
[ACCUMULATED-NET-GAINS] 150,069,581
[OVERDISTRIBUTION-GAINS] 0
[ACCUM-APPREC-OR-DEPREC] 269,920,524
[NET-ASSETS] 2,544,895,900
[DIVIDEND-INCOME] 52,405,887
[INTEREST-INCOME] 69,371,534
[OTHER-INCOME] 0
[EXPENSES-NET] 49,312,417
[NET-INVESTMENT-INCOME] 72,465,004
[REALIZED-GAINS-CURRENT] 742,214,274
[APPREC-INCREASE-CURRENT] (693,844,806)
[NET-CHANGE-FROM-OPS] 121,032,472
[EQUALIZATION] 0
[DISTRIBUTIONS-OF-INCOME] 18,158,878
[DISTRIBUTIONS-OF-GAINS] 130,468,784
[DISTRIBUTIONS-OTHER] 0
[NUMBER-OF-SHARES-SOLD] 5,576,417
[NUMBER-OF-SHARES-REDEEMED] 17,182,305
[SHARES-REINVESTED] 6,613,942
[NET-CHANGE-IN-ASSETS] (1,672,467,200)
[ACCUMULATED-NII-PRIOR] 3,257,921
[ACCUMULATED-GAINS-PRIOR] 73,920,269
[OVERDISTRIB-NII-PRIOR] 0
[OVERDIST-NET-GAINS-PRIOR] 0
[GROSS-ADVISORY-FEES] 24,858,896
[INTEREST-EXPENSE] 0
[GROSS-EXPENSE] 49,312,417
[AVERAGE-NET-ASSETS] 765,654,853
[PER-SHARE-NAV-BEGIN] 21.38
[PER-SHARE-NII] 0.54
[PER-SHARE-GAIN-APPREC] 0.50
[PER-SHARE-DIVIDEND] 0.49
[PER-SHARE-DISTRIBUTIONS] 3.86
[RETURNS-OF-CAPITAL] 0.00
[PER-SHARE-NAV-END] 18.07
[EXPENSE-RATIO] 1.12
</TABLE>
[ARTICLE] 6
[CIK] 0000764624
[NAME] PREMIUM TOTAL RETURN - CLASS B
<TABLE>
<S> <C>
[PERIOD-TYPE] YEAR
[FISCAL-YEAR-END] DEC-31-1999
[PERIOD-END] DEC-31-1999
[INVESTMENTS-AT-COST] 2,249,828,328
[INVESTMENTS-AT-VALUE] 2,545,540,829
[RECEIVABLES] 202,999,800
[ASSETS-OTHER] 7,138
[OTHER-ITEMS-ASSETS] 0
[TOTAL-ASSETS] 2,748,547,767
[PAYABLE-FOR-SECURITIES] 38,935,160
[SENIOR-LONG-TERM-DEBT] 0
[OTHER-ITEMS-LIABILITIES] 164,716,707
[TOTAL-LIABILITIES] 203,651,867
[SENIOR-EQUITY] 0
[PAID-IN-CAPITAL-COMMON] 2,090,115,757
[SHARES-COMMON-STOCK] 95,246,888
[SHARES-COMMON-PRIOR] 146,240,260
[ACCUMULATED-NII-CURRENT] 7,790,038
[OVERDISTRIBUTION-NII] 0
[ACCUMULATED-NET-GAINS] 150,069,581
[OVERDISTRIBUTION-GAINS] 0
[ACCUM-APPREC-OR-DEPREC] 269,920,524
[NET-ASSETS] 2,544,895,900
[DIVIDEND-INCOME] 52,405,887
[INTEREST-INCOME] 69,371,534
[OTHER-INCOME] 0
[EXPENSES-NET] 49,312,417
[NET-INVESTMENT-INCOME] 72,465,004
[REALIZED-GAINS-CURRENT] 742,214,274
[APPREC-INCREASE-CURRENT] (693,844,806)
[NET-CHANGE-FROM-OPS] 121,032,472
[EQUALIZATION] 0
[DISTRIBUTIONS-OF-INCOME] 43,443,768
[DISTRIBUTIONS-OF-GAINS] 351,754,950
[DISTRIBUTIONS-OTHER] 0
[NUMBER-OF-SHARES-SOLD] 3,352,189
[NUMBER-OF-SHARES-REDEEMED] 71,868,845
[SHARES-REINVESTED] 17,523,284
[NET-CHANGE-IN-ASSETS] (1,672,467,200)
[ACCUMULATED-NII-PRIOR] 3,257,921
[ACCUMULATED-GAINS-PRIOR] 73,920,269
[OVERDISTRIB-NII-PRIOR] 0
[OVERDIST-NET-GAINS-PRIOR] 0
[GROSS-ADVISORY-FEES] 24,858,896
[INTEREST-EXPENSE] 0
[GROSS-EXPENSE] 49,312,417
[AVERAGE-NET-ASSETS] 2,350,587,605
[PER-SHARE-NAV-BEGIN] 21.26
[PER-SHARE-NII] 0.41
[PER-SHARE-GAIN-APPREC] 0.52
[PER-SHARE-DIVIDEND] 0.39
[PER-SHARE-DISTRIBUTIONS] 3.86
[RETURNS-OF-CAPITAL] 0.00
[PER-SHARE-NAV-END] 17.94
[EXPENSE-RATIO] 1.63
</TABLE>
[ARTICLE] 6
[CIK] 0000764624
[NAME] PREMIUM TOTAL RETURN - CLASS L
<TABLE>
<S> <C>
[PERIOD-TYPE] YEAR
[FISCAL-YEAR-END] DEC-31-1999
[PERIOD-END] DEC-31-1999
[INVESTMENTS-AT-COST] 2,249,828,328
[INVESTMENTS-AT-VALUE] 2,545,540,829
[RECEIVABLES] 202,999,800
[ASSETS-OTHER] 7,138
[OTHER-ITEMS-ASSETS] 0
[TOTAL-ASSETS] 2,748,547,767
[PAYABLE-FOR-SECURITIES] 38,935,160
[SENIOR-LONG-TERM-DEBT] 0
[OTHER-ITEMS-LIABILITIES] 164,716,707
[TOTAL-LIABILITIES] 203,651,867
[SENIOR-EQUITY] 0
[PAID-IN-CAPITAL-COMMON] 2,090,115,757
[SHARES-COMMON-STOCK] 1,297,874
[SHARES-COMMON-PRIOR] 1,196,364
[ACCUMULATED-NII-CURRENT] 7,790,038
[OVERDISTRIBUTION-NII] 0
[ACCUMULATED-NET-GAINS] 150,069,581
[OVERDISTRIBUTION-GAINS] 0
[ACCUM-APPREC-OR-DEPREC] 269,920,524
[NET-ASSETS] 2,544,895,900
[DIVIDEND-INCOME] 52,405,887
[INTEREST-INCOME] 69,371,534
[OTHER-INCOME] 0
[EXPENSES-NET] 49,312,417
[NET-INVESTMENT-INCOME] 72,465,004
[REALIZED-GAINS-CURRENT] 742,214,274
[APPREC-INCREASE-CURRENT] (693,844,806)
[NET-CHANGE-FROM-OPS] 121,032,472
[EQUALIZATION] 0
[DISTRIBUTIONS-OF-INCOME] 440,817
[DISTRIBUTIONS-OF-GAINS] 4,560,112
[DISTRIBUTIONS-OTHER] 0
[NUMBER-OF-SHARES-SOLD] 503,863
[NUMBER-OF-SHARES-REDEEMED] 645,526
[SHARES-REINVESTED] 243,173
[NET-CHANGE-IN-ASSETS] (1,672,467,200)
[ACCUMULATED-NII-PRIOR] 3,257,921
[ACCUMULATED-GAINS-PRIOR] 73,920,269
[OVERDISTRIB-NII-PRIOR] 0
[OVERDIST-NET-GAINS-PRIOR] 0
[GROSS-ADVISORY-FEES] 24,858,896
[INTEREST-EXPENSE] 0
[GROSS-EXPENSE] 49,312,417
[AVERAGE-NET-ASSETS] 26,084,839
[PER-SHARE-NAV-BEGIN] 21.29
[PER-SHARE-NII] 0.40
[PER-SHARE-GAIN-APPREC] 0.48
[PER-SHARE-DIVIDEND] 0.34
[PER-SHARE-DISTRIBUTIONS] 3.86
[RETURNS-OF-CAPITAL] 0.00
[PER-SHARE-NAV-END] 17.97
[EXPENSE-RATIO] 1.88
</TABLE>
[ARTICLE] 6
[CIK] 0000764624
[NAME] PREMIUM TOTAL RETURN - CLASS O
<TABLE>
<S> <C>
[PERIOD-TYPE] YEAR
[FISCAL-YEAR-END] DEC-31-1999
[PERIOD-END] DEC-31-1999
[INVESTMENTS-AT-COST] 2,249,828,328
[INVESTMENTS-AT-VALUE] 2,545,540,829
[RECEIVABLES] 202,999,800
[ASSETS-OTHER] 7,138
[OTHER-ITEMS-ASSETS] 0
[TOTAL-ASSETS] 2,748,547,767
[PAYABLE-FOR-SECURITIES] 38,935,160
[SENIOR-LONG-TERM-DEBT] 0
[OTHER-ITEMS-LIABILITIES] 164,716,707
[TOTAL-LIABILITIES] 203,651,867
[SENIOR-EQUITY] 0
[PAID-IN-CAPITAL-COMMON] 2,090,115,757
[SHARES-COMMON-STOCK] 3,321,324
[SHARES-COMMON-PRIOR] 5,102,317
[ACCUMULATED-NII-CURRENT] 7,790,038
[OVERDISTRIBUTION-NII] 0
[ACCUMULATED-NET-GAINS] 150,069,581
[OVERDISTRIBUTION-GAINS] 0
[ACCUM-APPREC-OR-DEPREC] 269,920,524
[NET-ASSETS] 2,544,895,900
[DIVIDEND-INCOME] 52,405,887
[INTEREST-INCOME] 69,371,534
[OTHER-INCOME] 0
[EXPENSES-NET] 49,312,417
[NET-INVESTMENT-INCOME] 72,465,004
[REALIZED-GAINS-CURRENT] 742,214,274
[APPREC-INCREASE-CURRENT] (693,844,806)
[NET-CHANGE-FROM-OPS] 121,032,472
[EQUALIZATION] 0
[DISTRIBUTIONS-OF-INCOME] 1,539,254
[DISTRIBUTIONS-OF-GAINS] 12,236,774
[DISTRIBUTIONS-OTHER] 0
[NUMBER-OF-SHARES-SOLD] 110,823
[NUMBER-OF-SHARES-REDEEMED] 2,548,374
[SHARES-REINVESTED] 656,558
[NET-CHANGE-IN-ASSETS] (1,672,467,200)
[ACCUMULATED-NII-PRIOR] 3,257,921
[ACCUMULATED-GAINS-PRIOR] 73,920,269
[OVERDISTRIB-NII-PRIOR] 0
[OVERDIST-NET-GAINS-PRIOR] 0
[GROSS-ADVISORY-FEES] 24,858,896
[INTEREST-EXPENSE] 0
[GROSS-EXPENSE] 49,312,417
[AVERAGE-NET-ASSETS] 81,863,621
[PER-SHARE-NAV-BEGIN] 21.28
[PER-SHARE-NII] 0.42
[PER-SHARE-GAIN-APPREC] 0.51
[PER-SHARE-DIVIDEND] 0.40
[PER-SHARE-DISTRIBUTIONS] 3.86
[RETURNS-OF-CAPITAL] 0.00
[PER-SHARE-NAV-END] 17.95
[EXPENSE-RATIO] 1.60
</TABLE>
[ARTICLE] 6
[CIK] 0000764624
[NAME] PREMIUM TOTAL RETURN - CLASS Y
<TABLE>
<S> <C>
[PERIOD-TYPE] YEAR
[FISCAL-YEAR-END] DEC-31-1999
[PERIOD-END] DEC-31-1999
[INVESTMENTS-AT-COST] 2,249,828,328
[INVESTMENTS-AT-VALUE] 2,545,540,829
[RECEIVABLES] 202,999,800
[ASSETS-OTHER] 7,138
[OTHER-ITEMS-ASSETS] 0
[TOTAL-ASSETS] 2,748,547,767
[PAYABLE-FOR-SECURITIES] 38,935,160
[SENIOR-LONG-TERM-DEBT] 0
[OTHER-ITEMS-LIABILITIES] 164,716,707
[TOTAL-LIABILITIES] 203,651,867
[SENIOR-EQUITY] 0
[PAID-IN-CAPITAL-COMMON] 2,090,115,757
[SHARES-COMMON-STOCK] 4,722,311
[SHARES-COMMON-PRIOR] 3,593,024
[ACCUMULATED-NII-CURRENT] 7,790,038
[OVERDISTRIBUTION-NII] 0
[ACCUMULATED-NET-GAINS] 150,069,581
[OVERDISTRIBUTION-GAINS] 0
[ACCUM-APPREC-OR-DEPREC] 269,920,524
[NET-ASSETS] 2,544,895,900
[DIVIDEND-INCOME] 52,405,887
[INTEREST-INCOME] 69,371,534
[OTHER-INCOME] 0
[EXPENSES-NET] 49,312,417
[NET-INVESTMENT-INCOME] 72,465,004
[REALIZED-GAINS-CURRENT] 742,214,274
[APPREC-INCREASE-CURRENT] (693,844,806)
[NET-CHANGE-FROM-OPS] 121,032,472
[EQUALIZATION] 0
[DISTRIBUTIONS-OF-INCOME] 2,229,090
[DISTRIBUTIONS-OF-GAINS] 15,977,464
[DISTRIBUTIONS-OTHER] 0
[NUMBER-OF-SHARES-SOLD] 1,261,008
[NUMBER-OF-SHARES-REDEEMED] 131,721
[SHARES-REINVESTED] 0
[NET-CHANGE-IN-ASSETS] (1,672,467,200)
[ACCUMULATED-NII-PRIOR] 3,257,921
[ACCUMULATED-GAINS-PRIOR] 73,920,269
[OVERDISTRIB-NII-PRIOR] 0
[OVERDIST-NET-GAINS-PRIOR] 0
[GROSS-ADVISORY-FEES] 24,858,896
[INTEREST-EXPENSE] 0
[GROSS-EXPENSE] 49,312,417
[AVERAGE-NET-ASSETS] 85,752,774
[PER-SHARE-NAV-BEGIN] 21.49
[PER-SHARE-NII] 0.64
[PER-SHARE-GAIN-APPREC] 0.48
[PER-SHARE-DIVIDEND] 0.53
[PER-SHARE-DISTRIBUTIONS] 3.86
[RETURNS-OF-CAPITAL] 0.00
[PER-SHARE-NAV-END] 18.22
[EXPENSE-RATIO] 0.77
</TABLE>
