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<PAGE> PAGE 2
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<PAGE> PAGE 3
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SIGNATURE J. KEVIN KENELY
TITLE VP FUND ADMIN
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM ACCOUNTING
RECORDS AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH ACCOUNTING
RECORDS.
</LEGEND>
<SERIES>
<NUMBER> 101
<NAME> KEYSTONE TAX EXEMPT TRUST CLASS A
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> MAR-31-1996
<PERIOD-START> APR-01-1996
<PERIOD-END> MAR-31-1996
<INVESTMENTS-AT-COST> 0
<INVESTMENTS-AT-VALUE> 0
<RECEIVABLES> 0
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<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 0
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 0
<TOTAL-LIABILITIES> 0
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 0
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<SHARES-COMMON-PRIOR> 0
<ACCUMULATED-NII-CURRENT> 0
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<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 0
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<DIVIDEND-INCOME> 0
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<OTHER-INCOME> 0
<EXPENSES-NET> (1,699,645)
<NET-INVESTMENT-INCOME> 8,595,672
<REALIZED-GAINS-CURRENT> 5,644,907
<APPREC-INCREASE-CURRENT> (9,272,588)
<NET-CHANGE-FROM-OPS> 4,967,991
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (8,536,074)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 1,423,887
<NUMBER-OF-SHARES-REDEEMED> 65,131,179
<SHARES-REINVESTED> 445,191
<NET-CHANGE-IN-ASSETS> (687,746,575)
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> (814,250)
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> (1,699,645)
<AVERAGE-NET-ASSETS> 677,902,440
<PER-SHARE-NAV-BEGIN> 10.87
<PER-SHARE-NII> 0.14
<PER-SHARE-GAIN-APPREC> (0.06)
<PER-SHARE-DIVIDEND> (0.14)
<PER-SHARE-DISTRIBUTIONS> 0.00
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<EXPENSE-RATIO> 1.03
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</TABLE>
