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<PAGE> PAGE 4
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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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<PAGE> PAGE 11
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<PAGE> PAGE 12
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<PAGE> PAGE 13
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<PAGE> PAGE 14
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<PAGE> PAGE 15
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<PAGE> PAGE 16
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<PAGE> PAGE 17
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<PAGE> PAGE 18
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<PAGE> PAGE 19
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<PAGE> PAGE 20
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072 U000400 0
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072 W000400 233
072 X000400 10459
072 Y000400 0
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072AA000400 10327
072BB000400 0
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072DD010400 43086
072DD020400 9834
<PAGE> PAGE 21
072EE000400 0
073 A010400 0.8520
073 A020400 0.7330
073 B000400 0.0000
073 C000400 0.0000
074 A000400 0
074 B000400 0
074 C000400 0
074 D000400 1027888
074 E000400 0
074 F000400 0
074 G000400 0
074 H000400 0
074 I000400 0
074 J000400 4902
074 K000400 0
074 L000400 17553
074 M000400 0
074 N000400 1050343
074 O000400 39387
074 P000400 1400
074 Q000400 0
074 R010400 0
074 R020400 0
074 R030400 0
074 R040400 16946
074 S000400 0
074 T000400 992610
074 U010400 48594
074 U020400 13396
074 V010400 15.77
074 V020400 15.76
074 W000400 0.0000
074 X000400 28492
074 Y000400 24742
075 A000400 0
075 B000400 994349
076 000400 0.00
028 A010500 424
028 A020500 75
028 A030500 0
028 A040500 481
028 B010500 1217
028 B020500 69
028 B030500 0
028 B040500 3097
028 C010500 275
028 C020500 70
028 C030500 0
028 C040500 393
028 D010500 621
<PAGE> PAGE 22
028 D020500 70
028 D030500 0
028 D040500 513
028 E010500 318
028 E020500 70
028 E030500 0
028 E040500 395
028 F010500 339
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028 G010500 3194
028 G020500 425
028 G030500 0
028 G040500 5084
028 H000500 1346
029 000500 Y
030 A000500 11
030 B000500 3.25
030 C000500 0.00
031 A000500 1
031 B000500 0
032 000500 10
033 000500 0
034 000500 Y
035 000500 20
036 A000500 Y
036 B000500 0
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038 000500 0
039 000500 N
040 000500 Y
041 000500 Y
042 A000500 0
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042 D000500 39
042 E000500 0
042 F000500 0
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042 H000500 0
043 000500 250
044 000500 0
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048 B020500 0.000
<PAGE> PAGE 23
048 C010500 0
048 C020500 0.000
048 D010500 0
048 D020500 0.000
048 E010500 0
048 E020500 0.000
048 F010500 0
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048 G010500 0
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048 H010500 0
048 H020500 0.000
048 I010500 0
048 I020500 0.000
048 J010500 0
048 J020500 0.000
048 K010500 500000
048 K020500 0.450
049 000500 N
050 000500 N
051 000500 N
052 000500 N
053 A000500 Y
053 B000500 Y
053 C000500 Y
062 A000500 Y
062 B000500 0.0
062 C000500 0.0
062 D000500 0.0
062 E000500 4.3
062 F000500 0.0
062 G000500 0.0
062 H000500 0.0
062 I000500 0.0
062 J000500 0.0
062 K000500 0.0
062 L000500 0.0
062 M000500 0.0
062 N000500 0.0
062 O000500 98.1
062 P000500 0.0
062 Q000500 0.0
062 R000500 0.0
063 A000500 0
063 B000500 10.5
064 A000500 Y
064 B000500 N
070 A010500 Y
070 A020500 N
070 B010500 N
070 B020500 N
<PAGE> PAGE 24
070 C010500 Y
070 C020500 N
070 D010500 N
070 D020500 N
070 E010500 Y
070 E020500 N
070 F010500 N
070 F020500 N
070 G010500 Y
070 G020500 N
070 H010500 N
070 H020500 N
070 I010500 Y
070 I020500 N
070 J010500 Y
070 J020500 N
070 K010500 Y
070 K020500 N
070 L010500 N
070 L020500 N
070 M010500 N
070 M020500 N
070 N010500 Y
070 N020500 N
070 O010500 Y
070 O020500 N
070 P010500 Y
070 P020500 N
070 Q010500 N
070 Q020500 N
070 R010500 N
070 R020500 N
071 A000500 12444
071 B000500 17295
071 C000500 33317
071 D000500 37
072 A000500 12
072 B000500 2042
072 C000500 0
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<PAGE> PAGE 25
072 P000500 0
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072 Z000500 1381
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072BB000500 0
072CC010500 651
072CC020500 0
072DD010500 560
072DD020500 628
072EE000500 0
073 A010500 0.4740
073 A020500 0.4020
073 B000500 0.0000
073 C000500 0.0000
074 A000500 44
074 B000500 0
074 C000500 1400
074 D000500 31771
074 E000500 0
074 F000500 0
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074 I000500 0
074 J000500 340
074 K000500 0
074 L000500 693
074 M000500 5
074 N000500 34253
074 O000500 1531
074 P000500 75
074 Q000500 0
074 R010500 0
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074 R040500 253
074 S000500 0
074 T000500 32394
074 U010500 1226
074 U020500 1560
074 V010500 10.54
074 V020500 10.53
074 W000500 0.0000
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<PAGE> PAGE 26
074 Y000500 1616
075 A000500 0
075 B000500 32997
076 000500 0.00
028 A010600 865
028 A020600 83
028 A030600 0
028 A040600 262
028 B010600 593
028 B020600 83
028 B030600 0
028 B040600 804
028 C010600 682
028 C020600 83
028 C030600 0
028 C040600 623
028 D010600 987
028 D020600 83
028 D030600 0
028 D040600 496
028 E010600 1030
028 E020600 85
028 E030600 0
028 E040600 314
028 F010600 5350
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028 F030600 0
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028 G010600 9507
028 G020600 505
028 G030600 0
028 G040600 3057
028 H000600 5590
029 000600 Y
030 A000600 143
030 B000600 4.75
030 C000600 0.00
031 A000600 15
031 B000600 0
032 000600 128
033 000600 0
034 000600 Y
035 000600 29
036 A000600 Y
036 B000600 0
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038 000600 0
039 000600 N
040 000600 Y
041 000600 Y
042 A000600 0
<PAGE> PAGE 27
042 B000600 0
042 C000600 58
042 D000600 42
042 E000600 0
042 F000600 0
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042 H000600 0
043 000600 268
044 000600 0
045 000600 Y
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047 000600 Y
048 000600 0.000
048 A010600 500000
048 A020600 0.500
048 B010600 0
048 B020600 0.000
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048 C020600 0.000
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048 E010600 0
048 E020600 0.000
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048 F020600 0.000
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048 H010600 0
048 H020600 0.000
048 I010600 0
048 I020600 0.000
048 J010600 0
048 J020600 0.000
048 K010600 500000
048 K020600 0.450
049 000600 N
050 000600 N
051 000600 N
052 000600 N
053 A000600 Y
053 B000600 Y
053 C000600 Y
062 A000600 Y
062 B000600 0.0
062 C000600 0.0
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062 E000600 0.0
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<PAGE> PAGE 28
062 J000600 0.0
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062 O000600 103.5
062 P000600 0.0
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063 A000600 0
063 B000600 20.7
064 A000600 Y
064 B000600 N
070 A010600 Y
070 A020600 N
070 B010600 N
070 B020600 N
070 C010600 Y
070 C020600 N
070 D010600 N
070 D020600 N
070 E010600 Y
070 E020600 Y
070 F010600 N
070 F020600 N
070 G010600 Y
070 G020600 N
070 H010600 N
070 H020600 N
070 I010600 N
070 I020600 N
070 J010600 Y
070 J020600 N
070 K010600 Y
070 K020600 N
070 L010600 N
070 L020600 N
070 M010600 N
070 M020600 N
070 N010600 Y
070 N020600 N
070 O010600 Y
070 O020600 N
070 P010600 Y
070 P020600 N
070 Q010600 Y
070 Q020600 N
070 R010600 N
070 R020600 N
071 A000600 35251
071 B000600 21273
<PAGE> PAGE 29
071 C000600 44487
071 D000600 48
072 A000600 12
072 B000600 2523
072 C000600 0
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072 T000600 268
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072DD010600 1223
072DD020600 878
072EE000600 15
073 A010600 0.7740
073 A020600 0.6600
073 B000600 0.0000
073 C000600 0.0000
074 A000600 999
074 B000600 0
074 C000600 0
074 D000600 54882
074 E000600 0
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074 L000600 940
<PAGE> PAGE 30
074 M000600 25
074 N000600 57835
074 O000600 4431
074 P000600 98
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074 R040600 262
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074 T000600 53044
074 U010600 1887
074 U020600 1447
074 V010600 15.55
074 V020600 15.55
074 W000600 0.0000
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075 A000600 0
075 B000600 44722
076 000600 0.00
028 A010700 642
028 A020700 56
028 A030700 0
028 A040700 394
028 B010700 653
028 B020700 57
028 B030700 0
028 B040700 243
028 C010700 979
028 C020700 59
028 C030700 0
028 C040700 427
028 D010700 728
028 D020700 55
028 D030700 0
028 D040700 239
028 E010700 3387
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028 E030700 0
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028 F010700 2875
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028 F030700 0
028 F040700 443
028 G010700 9263
028 G020700 421
028 G030700 0
028 G040700 2112
028 H000700 6542
029 000700 Y
<PAGE> PAGE 31
030 A000700 164
030 B000700 4.75
030 C000700 0.00
031 A000700 13
031 B000700 0
032 000700 151
033 000700 0
034 000700 Y
035 000700 59
036 A000700 Y
036 B000700 0
037 000700 N
038 000700 0
039 000700 N
040 000700 Y
041 000700 Y
042 A000700 0
042 B000700 0
042 C000700 63
042 D000700 37
042 E000700 0
042 F000700 0
042 G000700 0
042 H000700 0
043 000700 146
044 000700 10
045 000700 Y
046 000700 N
047 000700 Y
048 000700 0.000
048 A010700 500000
048 A020700 0.600
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 500000
<PAGE> PAGE 32
048 K020700 0.500
049 000700 N
050 000700 N
051 000700 N
052 000700 N
053 A000700 Y
053 B000700 Y
053 C000700 Y
062 A000700 Y
062 B000700 0.0
062 C000700 0.0
062 D000700 0.0
062 E000700 11.5
062 F000700 0.0
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062 H000700 0.0
062 I000700 0.0
062 J000700 0.0
062 K000700 0.0
062 L000700 0.0
062 M000700 0.0
062 N000700 0.0
062 O000700 102.1
062 P000700 0.0
062 Q000700 0.0
062 R000700 0.0
063 A000700 0
063 B000700 20.3
064 A000700 Y
064 B000700 N
070 A010700 N
070 A020700 N
070 B010700 N
070 B020700 N
070 C010700 Y
070 C020700 N
070 D010700 N
070 D020700 N
070 E010700 Y
070 E020700 N
070 F010700 N
070 F020700 Y
070 G010700 Y
070 G020700 N
070 H010700 N
070 H020700 N
070 I010700 N
070 I020700 N
070 J010700 Y
070 J020700 N
070 K010700 N
<PAGE> PAGE 33
070 K020700 N
070 L010700 N
070 L020700 N
070 M010700 N
070 M020700 N
070 N010700 N
070 N020700 N
070 O010700 Y
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070 P010700 N
070 P020700 N
070 Q010700 N
070 Q020700 N
070 R010700 N
070 R020700 N
071 A000700 27073
071 B000700 13693
071 C000700 22645
071 D000700 60
072 A000700 12
072 B000700 1350
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072 D000700 0
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072 J000700 13
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072 R000700 19
072 S000700 26
072 T000700 148
072 U000700 -7
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072AA000700 255
072BB000700 0
072CC010700 1117
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072DD010700 585
072DD020700 515
<PAGE> PAGE 34
072EE000700 47
073 A010700 0.7980
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SIGNATURE NICK DALMASO
TITLE ASSISTANT SECRETARY
Exhibit 77B
[KPMG Peat Marwick LLP Letterhead]
The Baord of Trustees and Shareholders of
Van Kampen American Capital Insured Tax Free Fund:
In planning and performing our audit of the financial statements of Van Kampen
American Capital Tax Free Income Fund (the "Fund") for the year ended
December 31, 1997, we considered its internal control structure, including
procedures for safeguarding securities, in order to determine our auditing
procedures for the purpose of expressing our opinion on the financial statements
and to comply with the requirements of Form N-SAR, not to provide assurance on
the internal control structure.
The management of the Fund is responsible for establishing and maintaining an
internal control structure. In fulfilling this responsibility, estimates and
judgments by management are required to assess the expected benefits and related
costs of internal control structure policies and procedures. Two of the
objectives of an internal control structure are to provide management with
reasonable, but not absolute, assurance that assets are safeguarded against
loss from unauthorized use or disposition and that transactions are executed in
accordance with management's authorization and recorded properly to permit the
preparation of financial statements in accordance with generally accepted
accounting principles.
Because of inherent limitations in any system of internal control structure,
errors or irregularities may occur and not be detected. Also, projection of any
evaluation of the structure to future periods is subject to the risk that it may
be come inadequate because of changes in conditions or that the effectiveness of
the design and operation may deteriorate.
Our consideration of the internal control structure would not necessarily
disclose all matters in the internal control structure that might be material
weaknesses under standards established by the American Institute of Certified
Public Accountants. A material weakness is a condition in which the design or
operation of the specific internal control structure elements does not reduce
to a relatively low level the risk that errors or irregularities in amounts that
would be material in relation to the financial statements being audited may
occur and not be detected within a timely period by employees in the normal
course of performing their assigned functions. However, we noted no matters
involving the internal control structure, including procedures for safeguarding
securities, that we consider to be material weaknesses as defined above as of
December 31, 1997.
This report is intended solely for the information and use of management and the
Securities and Exchange Commission.
KPMG Peat Marwick LLP
February 3, 1998
Exhibit 77B
[KPMG Peat Marwick LLP Letterhead]
The Baord of Trustees and Shareholders of
Van Kampen American Capital Tax Free High Income Fund:
In planning and performing our audit of the financial statements of Van Kampen
American Capital Tax Free High Income Fund (the "Fund") for the year ended
December 31, 1997, we considered its internal control structure, including
procedures for safeguarding securities, in order to determine our auditing
procedures for the purpose of expressing our opinion on the financial statements
and to comply with the requirements of Form N-SAR, not to provide assurance on
the internal control structure.
The management of the Fund is responsible for establishing and maintaining an
internal control structure. In fulfilling this responsibility, estimates and
judgments by management are required to assess the expected benefits and related
costs of internal control structure policies and procedures. Two of the
objectives of an internal control structure are to provide management with
reasonable, but not absolute, assurance that assets are safeguarded against
loss from unauthorized use or disposition and that transactions are executed
in accordance with management's authorization and recorded properly to permit
the preparation of financial statements in accordance with generally accepted
accounting principles.
Because of inherent limitations in any system of internal control structure,
errors or irregularities may occur and not be detected. Also, projection of any
evaluation of the structure to future periods is subject to the risk that it may
be come inadequate because of changes in conditions or that the effectiveness of
the design and operation may deteriorate.
Our consideration of the internal control structure would not necessarily
disclose all matters in the internal control structure that might be material
weaknesses under standards established by the American Institute of Certified
Public Accountants. A material weakness is a condition in which the design or
operation of the specific internal control structure elements does not reduce
to a relatively low level the risk that errors or irregularities in amounts that
would be material in relation to the financial statements being audited may
occur and not be detected within a timely period by employees in the normal
course of performing their assigned functions. However, we noted no matters
involving the internal control structure, including procedures for safeguarding
securities, that we consider to be material weaknesses as defined above as of
December 31, 1997.
This report is intended solely for the information and use of management and the
Securities and Exchange Commission.
KPMG Peat Marwick LLP
February 4, 1998
Exhibit 77B
[KPMG Peat Marwick LLP Letterhead]
The Baord of Trustees and Shareholders of
Van Kampen American Capital California Insured Tax Free Fund:
In planning and performing our audit of the financial statements of Van Kampen
American Capital California Insured Tax Free Fund (the "Fund") for the year
ended December 31, 1997, we considered its internal control structure, including
procedures for safeguarding securities, in order to determine our auditing
procedures for the purpose of expressing our opinion on the financial statements
and to comply with the requirements of Form N-SAR, not to provide assurance on
the internal control structure.
The management of the Fund is responsible for establishing and maintaining an
internal control structure. In fulfilling this responsibility, estimates and
judgments by management are required to assess the expected benefits and related
costs of internal control structure policies and procedures. Two of the
objectives of an internal control structure are to provide management with
reasonable, but not absolute, assurance that assets are safeguarded against
loss from unauthorized use or disposition and that transactions are executed in
accordance with management's authorization and recorded properly to permit the
preparation of financial statements in accordance with generally accepted
accounting principles.
Because of inherent limitations in any system of internal control structure,
errors or irregularities may occur and not be detected. Also, projection of any
evaluation of the structure to future periods is subject to the risk that it may
be come inadequate because of changes in conditions or that the effectiveness of
the design and operation may deteriorate.
Our consideration of the internal control structure would not necessarily
disclose all matters in the internal control structure that might be material
weaknesses under standards established by the American Institute of Certified
Public Accountants. A material weakness is a condition in which the design or
operation of the specific internal control structure elements does not reduce
to a relatively low level the risk that errors or irregularities in amounts that
would be material in relation to the financial statements being audited may
occur and not be detected within a timely period by employees in the normal
course of performing their assigned functions. However, we noted no matters
involving the internal control structure, including procedures for safeguarding
securities, that we consider to be material weaknesses as defined above as of
December 31, 1997
This report is intended solely for the information and use of management and
the Securities and Exchange Commission.
KPMG Peat Marwick LLP
February 3, 1998
Exhibit 77B
[KPMG Peat Marwick LLP Letterhead]
The Baord of Trustees and Shareholders of
Van Kampen American Capital Municipal Income Fund:
In planning and performing our audit of the financial statements of Van Kampen
American Capital Municipal Income Fund (the "Fund") for the year ended
December 31, 1997, we considered its internal control structure, including
procedures for safeguarding securities, in order to determine our auditing
procedures for the purpose of expressing our opinion on the financial statements
and to comply with the requirements of Form N-SAR, not to provide assurance on
the internal control structure.
The management of the Fund is responsible for establishing and maintaining an
internal control structure. In fulfilling this responsibility, estimates and
judgments by management are required to assess the expected benefits and related
costs of internal control structure policies and procedures. Two of the
objectives of an internal control structure are to provide management with
reasonable, but not absolute, assurance that assets are safeguarded against
loss from unauthorized use or disposition and that transactions are executed
in accordance with management's authorization and recorded properly to permit
the preparation of financial statements in accordance with generally accepted
accounting principles.
Because of inherent limitations in any system of internal control structure,
errors or irregularities may occur and not be detected. Also, projection of any
evaluation of the structure to future periods is subject to the risk that it may
be come inadequate because of changes in conditions or that the effectiveness of
the design and operation may deteriorate.
Our consideration of the internal control structure would not necessarily
disclose all matters in the internal control structure that might be material
weaknesses under standards established by the American Institute of Certified
Public Accountants. A material weakness is a condition in which the design or
operation of the specific internal control structure elements does not reduce
to a relatively low level the risk that errors or irregularities in amounts that
would be material in relation to the financial statements being audited may
occur and not be detected within a timely period by employees in the normal
course of performing their assigned functions. However, we noted no matters
involving the internal control structure, including procedures for safeguarding
securities, that we consider to be material weaknesses as defined above as of
December 31, 1997.
This report is intended solely for the information and use of management and the
Securities and Exchange Commission.
KPMG Peat Marwick LLP
February 4, 1998
Exhibit 77B
[KPMG Peat Marwick LLP Letterhead]
The Baord of Trustees and Shareholders of
Van Kampen American Capital Intermediate Term Municipal Income Fund:
In planning and performing our audit of the financial statements of Van Kampen
American Capital Intermediate Term Municipal Income Fund (the "Fund") for the
year ended December 31, 1997, we considered its internal control structure,
including procedures for safeguarding securities, in order to determine our
auditing procedures for the purpose of expressing our opinion on the financial
statements and to comply with the requirements of Form N-SAR, not to provide
assurance on the internal control structure.
The management of the Fund is responsible for establishing and maintaining an
internal control structure. In fulfilling this responsibility, estimates and
judgments by management are required to assess the expected benefits and related
costs of internal control structure policies and procedures. Two of the
objectives of an internal control structure are to provide management with
reasonable, but not absolute, assurance that assets are safeguarded against
loss from unauthorized use or disposition and that transactions are executed
in accordance with management's authorization and recorded properly to permit
the preparation of financial statements in accordance with generally accepted
accounting principles.
Because of inherent limitations in any system of internal control structure,
errors or irregularities may occur and not be detected. Also, projection of any
evaluation of the structure to future periods is subject to the risk that it may
be come inadequate because of changes in conditions or that the effectiveness of
the design and operation may deteriorate.
Our consideration of the internal control structure would not necessarily
disclose all matters in the internal control structure that might be material
weaknesses under standards established by the American Institute of Certified
Public Accountants. A material weakness is a condition in which the design or
operation of the specific internal control structure elements does not reduce
to a relatively low level the risk that errors or irregularities in amounts that
would be material in relation to the financial statements being audited may
occur and not be detected within a timely period by employees in the normal
course of performing their assigned functions. However, we noted no matters
involving the internal control structure, including procedures for safeguarding
securities, that we consider to be material weaknesses as defined above as of
December 31, 1997.
This report is intended solely for the information and use of management and the
Securities and Exchange Commission.
KPMG Peat Marwick LLP
February 4, 1998
Exhibit 77B
[KPMG Peat Marwick LLP Letterhead]
The Baord of Trustees and Shareholders of
Van Kampen American Capital Florida Insured Tax Free Income Fund:
In planning and performing our audit of the financial statements of Van Kampen
American Capital Florida Insured Tax Free Income Fund (the "Fund") for the
year ended December 31, 1997, we considered its internal control structure,
including procedures for safeguarding securities, in order to determine our
auditing procedures for the purpose of expressing our opinion on the financial
statements and to comply with the requirements of Form N-SAR, not to provide
assurance on the internal control structure.
The management of the Fund is responsible for establishing and maintaining an
internal control structure. In fulfilling this responsibility, estimates and
judgments by management are required to assess the expected benefits and related
costs of internal control structure policies and procedures. Two of the
objectives of an internal control structure are to provide management with
reasonable, but not absolute, assurance that assets are safeguarded against
loss from unauthorized use or disposition and that transactions are executed
in accordance with management's authorization and recorded properly to permit
the preparation of financial statements in accordance with generally accepted
accounting principles.
Because of inherent limitations in any system of internal control structure,
errors or irregularities may occur and not be detected. Also, projection of any
evaluation of the structure to future periods is subject to the risk that it may
be come inadequate because of changes in conditions or that the effectiveness of
the design and operation may deteriorate.
Our consideration of the internal control structure would not necessarily
disclose all matters in the internal control structure that might be material
weaknesses under standards established by the American Institute of Certified
Public Accountants. A material weakness is a condition in which the design or
operation of the specific internal control structure elements does not reduce
to a relatively low level the risk that errors or irregularities in amounts that
would be material in relation to the financial statements being audited may
occur and not be detected within a timely period by employees in the normal
course of performing their assigned functions. However, we noted no matters
involving the internal control structure, including procedures for safeguarding
securities, that we consider to be material weaknesses as defined above as of
December 31, 1997.
This report is intended solely for the information and use of management and the
Securities and Exchange Commission.
KPMG Peat Marwick LLP
February 4, 1998
Exhibit 77B
[KPMG Peat Marwick LLP Letterhead]
The Baord of Trustees and Shareholders of
Van Kampen American Capital New York Tax Free Income Fund:
In planning and performing our audit of the financial statements of Van Kampen
American Capital New York Tax Free Income Fund (the "Fund") for the
year ended December 31, 1997, we considered its internal control structure,
including procedures for safeguarding securities, in order to determine our
auditing procedures for the purpose of expressing our opinion on the financial
statements and to comply with the requirements of Form N-SAR, not to provide
assurance on the internal control structure.
The management of the Fund is responsible for establishing and maintaining an
internal control structure. In fulfilling this responsibility, estimates and
judgments by management are required to assess the expected benefits and related
costs of internal control structure policies and procedures. Two of the
objectives of an internal control structure are to provide management with
reasonable, but not absolute, assurance that assets are safeguarded against
loss from unauthorized use or disposition and that transactions are executed
in accordance with management's authorization and recorded properly to permit
the preparation of financial statements in accordance with generally accepted
accounting principles.
Because of inherent limitations in any system of internal control structure,
errors or irregularities may occur and not be detected. Also, projection of any
evaluation of the structure to future periods is subject to the risk that it may
be come inadequate because of changes in conditions or that the effectiveness of
the design and operation may deteriorate.
Our consideration of the internal control structure would not necessarily
disclose all matters in the internal control structure that might be material
weaknesses under standards established by the American Institute of Certified
Public Accountants. A material weakness is a condition in which the design or
operation of the specific internal control structure elements does not reduce
to a relatively low level the risk that errors or irregularities in amounts that
would be material in relation to the financial statements being audited may
occur and not be detected within a timely period by employees in the normal
course of performing their assigned functions. However, we noted no matters
involving the internal control structure, including procedures for safeguarding
securities, that we consider to be material weaknesses as defined above as of
December 31, 1997.
This report is intended solely for the information and use of management and the
Securities and Exchange Commission.
KPMG Peat Marwick LLP
February 3, 1998
NSAR ITEM 77C
Van Kampen American Capital Insured Tax Free Income Fund
(a) A Special Meeting of Shareholders was held on May 28, 1997.
(b) The election of Trustees of Van Kampen American Capital Insured Tax Free
Income Fund (the "Fund") included:
J. Miles Branagan, Richard M. DeMartini, Linda Hutton Heagy,
R. Craig Kennedy, Jack E. Nelson, Don G. Powell, Jerome L. Robinson,
Phillip B. Rooney, Fernando Sisto and Wayne W. Whalen
(c) The following were voted on at the meeting:
1) Approval of New Investment Advisory Agreement in the event of a
change of control of the Adviser.
For 39,581,246 Against 847,853
4) For each VK Fund, to Ratify the Selection of KPMG Peat Marwick LLP
Independent Public Accountants for its Current Fiscal Year.
For 40,424,105 Against 378,327
NSAR ITEM 77C
Van Kampen American Capital Tax Free High Income Fund
(a) A Special Meeting of Shareholders was held on May 28, 1997.
(b) The election of Trustees of Van Kampen American Capital Tax Free
High Income Fund (the "Fund") included:
J. Miles Branagan, Richard M. DeMartini, Linda Hutton Heagy,
R. Craig Kennedy, Jack E. Nelson, Don G. Powell, Jerome L. Robinson,
Phillip B. Rooney, Fernando Sisto and Wayne W. Whalen
(c) The following were voted on at the meeting:
1) Approval of New Investment Advisory Agreement in the event of a
change of control of the Adviser.
For 39,852,754 Against 547,218
4) For each VK Fund, to Ratify the Selection of KPMG Peat Marwick
LLP Independent Public Accountants for its Current Fiscal Year.
For 40,439,473 Against 182,328
NSAR ITEM 77C
Van Kampen American Capital California Insured Tax Free Fund
(a) A Special Meeting of Shareholders was held on May 28, 1997.
(b) The election of Trustees of Van Kampen American Capital California
Insured Tax Free Income Fund (the "Fund") included:
J. Miles Branagan, Richard M. DeMartini, Linda Hutton Heagy,
R. Craig Kennedy, Jack E. Nelson, Don G. Powell, Jerome L. Robinson,
Phillip B. Rooney, Fernando Sisto and Wayne W. Whalen
(c) The following were voted on at the meeting:
1) Approval of New Investment Advisory Agreement in the event of a
change of control of the Adviser.
For 5,629,751 Against 102,951
4) For each VK Fund, to Ratify the Selection of KPMG Peat Marwick
LLP Independent Public Accountants for its Current Fiscal Year.
For 5,748,353 Against 28,143
NSAR ITEM 77C
Van Kampen American Capital Municipal Income Fund
(a) A Special Meeting of Shareholders was held on May 28, 1997.
(b) The election of Trustees of Van Kampen American Capital Municipal
Income Fund (the "Fund") included:
J. Miles Branagan, Richard M. DeMartini, Linda Hutton Heagy,
R. Craig Kennedy, Jack E. Nelson, Don G. Powell, Jerome L. Robinson,
Phillip B. Rooney, Fernando Sisto and Wayne W. Whalen
(c) The following were voted on at the meeting:
1) Approval of New Investment Advisory Agreement in the event of a
change of control of the Adviser.
For 39,816,469 Against 560,978
4) For each VK Fund, to Ratify the Selection of KPMG Peat Marwick
LLP Independent Public Accountants for its Current Fiscal Year.
For 40,396,192 Against 233,442
NSAR ITEM 77C
Van Kampen American Capital Intermediate Term Municipal Income Fund
(a) A Special Meeting of Shareholders was held on May 28, 1997.
(b) The election of Trustees of Van Kampen American Capital Intermediate
Municipal Income Fund (the "Fund") included:
J. Miles Branagan, Richard M. DeMartini, Linda Hutton Heagy,
R. Craig Kennedy, Jack E. Nelson, Don G. Powell, Jerome L. Robinson,
Phillip B. Rooney, Fernando Sisto and Wayne W. Whalen
(c) The following were voted on at the meeting:
1) Approval of New Investment Advisory Agreement in the event of a
change of control of the Adviser.
For 2,071,127 Against 38,466
4) For each VK Fund, to Ratify the Selection of KPMG Peat Marwick
LLP Independent Public Accountants for its Current Fiscal Year.
For 2,120,981 Against 6,115
NSAR ITEM 77C
Van Kampen American Capital Florida Insured Tax Free Income Fund
(a) A Special Meeting of Shareholders was held on May 28, 1997.
(b) The election of Trustees of Van Kampen American Capital Florida Insured
Tax Free Income Fund (the "Fund") included:
J. Miles Branagan, Richard M. DeMartini, Linda Hutton Heagy,
R. Craig Kennedy, Jack E. Nelson, Don G. Powell, Jerome L. Robinson,
Phillip B. Rooney, Fernando Sisto and Wayne W. Whalen
(c) The following were voted on at the meeting:
1) Approval of New Investment Advisory Agreement in the event of a
change of control of the Adviser.
For 2,117,746 Against 13,861
4) For each VK Fund, to Ratify the Selection of KPMG Peat Marwick
LLP Independent Public Accountants for its Current Fiscal Year.
For 2,141,255 Against 12,271
NSAR ITEM 77C
Van Kampen American Capital New York Tax Free Income Fund
(a) A Special Meeting of Shareholders was held on May 28, 1997.
(b) The election of Trustees of Van Kampen American Capital New York
Tax Free Income Fund (the "Fund") included:
J. Miles Branagan, Richard M. DeMartini, Linda Hutton Heagy,
R. Craig Kennedy, Jack E. Nelson, Don G. Powell, Jerome L. Robinson,
Phillip B. Rooney, Fernando Sisto and Wayne W. Whalen
(c) The following were voted on at the meeting:
1) Approval of New Investment Advisory Agreement in the event of a
change of control of the Adviser.
For 1,024,546 Against 0
4) For each VK Fund, to Ratify the Selection of KPMG Peat Marwick
LLP Independent Public Accountants for its Current Fiscal Year.
For 1,039,903 Against 759
NSAR ITEM 77O.1
VKAC Insured Tax Free High Income Fund
10f-3 Transactions
UNDERWRITING # UNDERWRITING PURCHASED FROM
1 NY City G.O. Goldman Sachs
2 New York City Lehman Brothers
3 New York City Various
4 City of Austin, TX Smith Barney
5 Allegheny Cnty Airport Goldman Sachs
6 New York City Water Paine Webber
7 Phil. Water & Sewer Smith Barney
AMOUNT OF SHARES % OF UNDERWRITING DATE OF PURCHASE
PURCHASED
1 5,000,000 0.613% 01/17/97
2 7,500,000 1.010% 05/21/97
3 7,930,000 1.079% 05/21/97
4 2,000,000 0.880% 08/05/97
5 2,895,000 0.640% 08/07/97
6 5,000,000 1.150% 09/16/97
7 4,000,000 1.600% 10/27/97
NSAR ITEM 77O.2
VKAC Tax Free High Income Fund
10f-3 Transactions
UNDERWRITING # UNDERWRITING PURCHASED FROM AMOUNT OF SHARES
1 Port Oakland, CA Paine Webber 2,000,000
2 City of Farmington, NM Lehman Brothers 3,600,000
3 New York City Water Paine Webber 2,000,000
4 City of Chicago Water Bear Stearns 10,000,000
% OF UNDERWRITING DATE OF PURCHASE
PURCHASED
1 0.0761% 01/06/97
2 4.000% 01/29/97
3 0.690% 08/05/97
4 1.000% 09/10/97
NSAR ITEM 77O.3
VKAC Municipal Income Fund
10f-3 Transactions
UNDERWRITING # UNDERWRITING PURCHASED FROM
1 NY City G.O. Goldman Sachs
2 Anaheim, CA Paine Webber
3 NY State Thruway Auth. Dillion Reed
4 Puerto Rico Build. Auth. Smith Barney
5 City of Austin, TX Smith Barney
6 Mashantucket Bear Stearns
7 NY Trans. Fin. Auth Lehman Brothers
8 NY ST. Dorm Auth Goldman Sachs
9 Met. Tran. Auth. NY Smith Barney
10 Phil. Water & Sewer Smith Barney
11 Irving ISD - TX Wil. Hough
12 NY City - Ser F JP Morgan
AMOUNT OF SHARES % OF UNDERWRITING DATE OF PURCHASE
PURCHASED
1 5,000,000 0.613% 01/17/97
2 5,000,000 1.680% 02/06/97
3 9,720,000 2.780% 05/05/97
4 13,500,000 2.390% 06/13/97
5 4,000,000 1.760% 08/05/97
6 4,000,000 1.940% 09/16/97
7 6,000,000 0.920% 10/01/97
8 10,000,000 2.700% 10/20/97
9 3,640,000 0.840% 10/27/97
10 10,000,000 4.000% 10/27/97
11 7,610,000 0.000048% 01/24/97
12 25,000,000 2.410% 12/10/97
NSAR ITEM 77O.4
VKAC New York Tax Free Income Fund
10f-3 Transactions
UNDERWRITING # UNDERWRITING PURCHASED FROM
1 City of New York Lehman
2 New York City Smith Barney
3 New York City Water Paine Webber
4 New York Trans. Fin. Auth. Lehman Brothers
5 New York ST. Dorm. Auth. Goldman Sachs
6 Met. Tran. Auth. New York Smith Barney
7 New York City - Ser F JP Morgan
AMOUNT OF SHARES % OF UNDERWRITING DATE OF PURCHASE
PURCHASED
1 2,180,000 0.350% 12/19/97
2 500,000 0.055% 04/11/97
3 1,750,000 0.400% 09/16/97
4 500,000 0.077% 10/01/97
5 670,000 0.180% 10/20/97
6 1,645,000 0.380% 10/27/97
7 1,000,000 0.100% 12/10/97
<TABLE> <S> <C>
<PAGE>
<ARTICLE> 6
<SERIES>
<NUMBER> 011
<NAME> Ins TF Class A
<MULTIPLIER> 1
<S> <C>
<PERIOD-TYPE> YEAR
<FISCAL-YEAR-END> DEC-31-1997
<PERIOD-START> JAN-01-1997
<PERIOD-END> DEC-31-1997
<INVESTMENTS-AT-COST> 1,242,260,995<F1>
<INVESTMENTS-AT-VALUE> 1,373,468,284<F1>
<RECEIVABLES> 31,606,148<F1>
<ASSETS-OTHER> 41,587<F1>
<OTHER-ITEMS-ASSETS> 0<F1>
<TOTAL-ASSETS> 1,405,116,019<F1>
<PAYABLE-FOR-SECURITIES> 27,963,944<F1>
<SENIOR-LONG-TERM-DEBT> 0<F1>
<OTHER-ITEMS-LIABILITIES> 17,932,802<F1>
<TOTAL-LIABILITIES> 45,896,746<F1>
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 1,152,273,936
<SHARES-COMMON-STOCK> 65,380,120
<SHARES-COMMON-PRIOR> 66,727,067
<ACCUMULATED-NII-CURRENT> 164,030<F1>
<OVERDISTRIBUTION-NII> 0<F1>
<ACCUMULATED-NET-GAINS> 2,556,582<F1>
<OVERDISTRIBUTION-GAINS> 0<F1>
<ACCUM-APPREC-OR-DEPREC> 131,036,118<F1>
<NET-ASSETS> 1,283,505,387
<DIVIDEND-INCOME> 0<F1>
<INTEREST-INCOME> 81,024,876<F1>
<OTHER-INCOME> 0<F1>
<EXPENSES-NET> (12,987,269)<F1>
<NET-INVESTMENT-INCOME> 68,037,607<F1>
<REALIZED-GAINS-CURRENT> 8,525,006<F1>
<APPREC-INCREASE-CURRENT> 31,101,903<F1>
<NET-CHANGE-FROM-OPS> 107,664,516<F1>
<EQUALIZATION> 0<F1>
<DISTRIBUTIONS-OF-INCOME> (64,607,170)
<DISTRIBUTIONS-OF-GAINS> (10,489,973)
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 32,247,420
<NUMBER-OF-SHARES-REDEEMED> (36,316,268)
<SHARES-REINVESTED> 2,721,901
<NET-CHANGE-IN-ASSETS> (163,111)
<ACCUMULATED-NII-PRIOR> (88,510)<F1>
<ACCUMULATED-GAINS-PRIOR> 5,143,184<F1>
<OVERDISTRIB-NII-PRIOR> 0<F1>
<OVERDIST-NET-GAINS-PRIOR> 0<F1>
<GROSS-ADVISORY-FEES> 6,799,897<F1>
<INTEREST-EXPENSE> 0<F1>
<GROSS-EXPENSE> 12,987,269<F1>
<AVERAGE-NET-ASSETS> 1,278,992,005
<PER-SHARE-NAV-BEGIN> 19.238
<PER-SHARE-NII> 0.974
<PER-SHARE-GAIN-APPREC> 0.551
<PER-SHARE-DIVIDEND> (0.971)
<PER-SHARE-DISTRIBUTIONS> (0.161)
<RETURNS-OF-CAPITAL> 0.000
<PER-SHARE-NAV-END> 19.631
<EXPENSE-RATIO> 0.92
<AVG-DEBT-OUTSTANDING> 0<F1>
<AVG-DEBT-PER-SHARE> 0<F1>
<FN>
<F1>This item relates to the Fund on a composite basis and not on a class basis
</FN>
</TABLE>
<TABLE> <S> <C>
<PAGE>
<ARTICLE> 6
<SERIES>
<NUMBER> 012
<NAME> Ins TF Class B
<MULTIPLIER> 1
<S> <C>
<PERIOD-TYPE> YEAR
<FISCAL-YEAR-END> DEC-31-1997
<PERIOD-START> JAN-01-1997
<PERIOD-END> DEC-31-1997
<INVESTMENTS-AT-COST> 1,242,260,995<F1>
<INVESTMENTS-AT-VALUE> 1,373,468,284<F1>
<RECEIVABLES> 31,606,148<F1>
<ASSETS-OTHER> 41,587<F1>
<OTHER-ITEMS-ASSETS> 0<F1>
<TOTAL-ASSETS> 1,405,116,019<F1>
<PAYABLE-FOR-SECURITIES> 27,963,944<F1>
<SENIOR-LONG-TERM-DEBT> 0<F1>
<OTHER-ITEMS-LIABILITIES> 17,932,802<F1>
<TOTAL-LIABILITIES> 45,896,746<F1>
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 67,523,705
<SHARES-COMMON-STOCK> 3,572,287
<SHARES-COMMON-PRIOR> 3,723,056
<ACCUMULATED-NII-CURRENT> 164,030<F1>
<OVERDISTRIBUTION-NII> 0<F1>
<ACCUMULATED-NET-GAINS> 2,556,582<F1>
<OVERDISTRIBUTION-GAINS> 0<F1>
<ACCUM-APPREC-OR-DEPREC> 131,036,118<F1>
<NET-ASSETS> 70,136,534
<DIVIDEND-INCOME> 0<F1>
<INTEREST-INCOME> 81,024,876<F1>
<OTHER-INCOME> 0<F1>
<EXPENSES-NET> (12,987,269)<F1>
<NET-INVESTMENT-INCOME> 68,037,607<F1>
<REALIZED-GAINS-CURRENT> 8,525,006<F1>
<APPREC-INCREASE-CURRENT> 31,101,903<F1>
<NET-CHANGE-FROM-OPS> 107,664,516<F1>
<EQUALIZATION> 0<F1>
<DISTRIBUTIONS-OF-INCOME> (2,965,479)
<DISTRIBUTIONS-OF-GAINS> (580,452)
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 410,394
<NUMBER-OF-SHARES-REDEEMED> (660,311)
<SHARES-REINVESTED> 99,148
<NET-CHANGE-IN-ASSETS> (1,494,085)
<ACCUMULATED-NII-PRIOR> (88,510)<F1>
<ACCUMULATED-GAINS-PRIOR> 5,143,184<F1>
<OVERDISTRIB-NII-PRIOR> 0<F1>
<OVERDIST-NET-GAINS-PRIOR> 0<F1>
<GROSS-ADVISORY-FEES> 6,799,897<F1>
<INTEREST-EXPENSE> 0<F1>
<GROSS-EXPENSE> 12,987,269<F1>
<AVERAGE-NET-ASSETS> 69,384,471
<PER-SHARE-NAV-BEGIN> 19.240
<PER-SHARE-NII> 0.826
<PER-SHARE-GAIN-APPREC> 0.551
<PER-SHARE-DIVIDEND> (0.822)
<PER-SHARE-DISTRIBUTIONS> (0.161)
<RETURNS-OF-CAPITAL> 0.000
<PER-SHARE-NAV-END> 19.634
<EXPENSE-RATIO> 1.69
<AVG-DEBT-OUTSTANDING> 0<F1>
<AVG-DEBT-PER-SHARE> 0<F1>
<FN>
<F1>This item relates to the Fund on a composite basis and not on a class basis
</FN>
</TABLE>
<TABLE> <S> <C>
<PAGE>
<ARTICLE> 6
<SERIES>
<NUMBER> 013
<NAME> Ins TF Class C
<MULTIPLIER> 1
<S> <C>
<PERIOD-TYPE> YEAR
<FISCAL-YEAR-END> DEC-31-1997
<PERIOD-START> JAN-01-1997
<PERIOD-END> DEC-31-1997
<INVESTMENTS-AT-COST> 1,242,260,995<F1>
<INVESTMENTS-AT-VALUE> 1,373,468,284<F1>
<RECEIVABLES> 31,606,148<F1>
<ASSETS-OTHER> 41,587<F1>
<OTHER-ITEMS-ASSETS> 0<F1>
<TOTAL-ASSETS> 1,405,116,019<F1>
<PAYABLE-FOR-SECURITIES> 27,963,944<F1>
<SENIOR-LONG-TERM-DEBT> 0<F1>
<OTHER-ITEMS-LIABILITIES> 17,932,802<F1>
<TOTAL-LIABILITIES> 45,896,746<F1>
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 5,664,902
<SHARES-COMMON-STOCK> 284,125
<SHARES-COMMON-PRIOR> 256,937
<ACCUMULATED-NII-CURRENT> 164,030<F1>
<OVERDISTRIBUTION-NII> 0<F1>
<ACCUMULATED-NET-GAINS> 2,556,582<F1>
<OVERDISTRIBUTION-GAINS> 0<F1>
<ACCUM-APPREC-OR-DEPREC> 131,036,118<F1>
<NET-ASSETS> 5,577,352
<DIVIDEND-INCOME> 0<F1>
<INTEREST-INCOME> 81,024,876<F1>
<OTHER-INCOME> 0<F1>
<EXPENSES-NET> (12,987,269)<F1>
<NET-INVESTMENT-INCOME> 68,037,607<F1>
<REALIZED-GAINS-CURRENT> 8,525,006<F1>
<APPREC-INCREASE-CURRENT> 31,101,903<F1>
<NET-CHANGE-FROM-OPS> 107,664,516<F1>
<EQUALIZATION> 0<F1>
<DISTRIBUTIONS-OF-INCOME> (212,418)
<DISTRIBUTIONS-OF-GAINS> (41,183)
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 324,754
<NUMBER-OF-SHARES-REDEEMED> (306,866)
<SHARES-REINVESTED> 9,300
<NET-CHANGE-IN-ASSETS> (634,127)
<ACCUMULATED-NII-PRIOR> (88,510)<F1>
<ACCUMULATED-GAINS-PRIOR> 5,143,184<F1>
<OVERDISTRIB-NII-PRIOR> 0<F1>
<OVERDIST-NET-GAINS-PRIOR> 0<F1>
<GROSS-ADVISORY-FEES> 6,799,897<F1>
<INTEREST-EXPENSE> 0<F1>
<GROSS-EXPENSE> 12,987,269<F1>
<AVERAGE-NET-ASSETS> 4,967,337
<PER-SHARE-NAV-BEGIN> 19.239
<PER-SHARE-NII> 0.822
<PER-SHARE-GAIN-APPREC> 0.552
<PER-SHARE-DIVIDEND> (0.822)
<PER-SHARE-DISTRIBUTIONS> (0.161)
<RETURNS-OF-CAPITAL> 0.000
<PER-SHARE-NAV-END> 19.630
<EXPENSE-RATIO> 1.69
<AVG-DEBT-OUTSTANDING> 0<F1>
<AVG-DEBT-PER-SHARE> 0<F1>
<FN>
<F1>This item relates to the Fund on a composite basis and not on a class basis
</FN>
</TABLE>
<TABLE> <S> <C>
<PAGE>
<ARTICLE> 6
<SERIES>
<NUMBER> 21
<NAME> T.F.H.I. CLASS A
<MULTIPLIER> 1
<S> <C>
<PERIOD-TYPE> YEAR
<FISCAL-YEAR-END> DEC-31-1997
<PERIOD-START> JAN-01-1997
<PERIOD-END> DEC-31-1997
<INVESTMENTS-AT-COST> 907,885,021<F1>
<INVESTMENTS-AT-VALUE> 958,761,165<F1>
<RECEIVABLES> 22,127,146<F1>
<ASSETS-OTHER> 196,512<F1>
<OTHER-ITEMS-ASSETS> 10,496,263<F1>
<TOTAL-ASSETS> 991,581,086<F1>
<PAYABLE-FOR-SECURITIES> 11,331,827<F1>
<SENIOR-LONG-TERM-DEBT> 0<F1>
<OTHER-ITEMS-LIABILITIES> 5,777,253<F1>
<TOTAL-LIABILITIES> 17,109,080<F1>
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 761,338,901
<SHARES-COMMON-STOCK> 47,576,526
<SHARES-COMMON-PRIOR> 46,419,769
<ACCUMULATED-NII-CURRENT> (9,046,242)<F1>
<OVERDISTRIBUTION-NII> 0<F1>
<ACCUMULATED-NET-GAINS> (94,737,108)<F1>
<OVERDISTRIBUTION-GAINS> 0<F1>
<ACCUM-APPREC-OR-DEPREC> 50,697,747<F1>
<NET-ASSETS> 706,274,738
<DIVIDEND-INCOME> 0<F1>
<INTEREST-INCOME> 63,584,303<F1>
<OTHER-INCOME> 0<F1>
<EXPENSES-NET> (10,248,000)<F1>
<NET-INVESTMENT-INCOME> 53,336,303<F1>
<REALIZED-GAINS-CURRENT> 391,354<F1>
<APPREC-INCREASE-CURRENT> 24,022,309<F1>
<NET-CHANGE-FROM-OPS> 77,749,966<F1>
<EQUALIZATION> 0<F1>
<DISTRIBUTIONS-OF-INCOME> (41,926,549)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 6,584,725
<NUMBER-OF-SHARES-REDEEMED> (6,688,927)
<SHARES-REINVESTED> 1,260,959
<NET-CHANGE-IN-ASSETS> 34,417,881
<ACCUMULATED-NII-PRIOR> (8,821,755)<F1>
<ACCUMULATED-GAINS-PRIOR> (95,128,462)<F1>
<OVERDISTRIB-NII-PRIOR> 0<F1>
<OVERDIST-NET-GAINS-PRIOR> 0<F1>
<GROSS-ADVISORY-FEES> 4,318,581<F1>
<INTEREST-EXPENSE> 0<F1>
<GROSS-EXPENSE> 10,248,000<F1>
<AVERAGE-NET-ASSETS> 680,255,458
<PER-SHARE-NAV-BEGIN> 14.474
<PER-SHARE-NII> 0.895
<PER-SHARE-GAIN-APPREC> 0.376
<PER-SHARE-DIVIDEND> (0.900)
<PER-SHARE-DISTRIBUTIONS> 0.000
<RETURNS-OF-CAPITAL> 0.000
<PER-SHARE-NAV-END> 14.845
<EXPENSE-RATIO> 0.94
<AVG-DEBT-OUTSTANDING> 0<F1>
<AVG-DEBT-PER-SHARE> 0<F1>
<FN>
<F1>This item relates to the Fund on a composite basis and not on a class basis
</FN>
</TABLE>
<TABLE> <S> <C>
<PAGE>
<ARTICLE> 6
<SERIES>
<NUMBER> 22
<NAME> T.F.H.I. CLASS B
<MULTIPLIER> 1
<S> <C>
<PERIOD-TYPE> YEAR
<FISCAL-YEAR-END> DEC-31-1997
<PERIOD-START> JAN-01-1997
<PERIOD-END> DEC-31-1997
<INVESTMENTS-AT-COST> 907,885,021<F1>
<INVESTMENTS-AT-VALUE> 958,761,165<F1>
<RECEIVABLES> 22,127,146<F1>
<ASSETS-OTHER> 196,512<F1>
<OTHER-ITEMS-ASSETS> 10,496,263<F1>
<TOTAL-ASSETS> 991,581,086<F1>
<PAYABLE-FOR-SECURITIES> 11,331,827<F1>
<SENIOR-LONG-TERM-DEBT> 0<F1>
<OTHER-ITEMS-LIABILITIES> 5,777,253<F1>
<TOTAL-LIABILITIES> 17,109,080<F1>
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 227,916,630
<SHARES-COMMON-STOCK> 15,466,416
<SHARES-COMMON-PRIOR> 12,010,543
<ACCUMULATED-NII-CURRENT> (9,046,242)<F1>
<OVERDISTRIBUTION-NII> 0<F1>
<ACCUMULATED-NET-GAINS> (94,737,108)<F1>
<OVERDISTRIBUTION-GAINS> 0<F1>
<ACCUM-APPREC-OR-DEPREC> 50,697,747<F1>
<NET-ASSETS> 229,575,988
<DIVIDEND-INCOME> 0<F1>
<INTEREST-INCOME> 63,584,303<F1>
<OTHER-INCOME> 0<F1>
<EXPENSES-NET> (10,248,000)<F1>
<NET-INVESTMENT-INCOME> 53,336,303<F1>
<REALIZED-GAINS-CURRENT> 391,354<F1>
<APPREC-INCREASE-CURRENT> 24,022,309<F1>
<NET-CHANGE-FROM-OPS> 77,749,966<F1>
<EQUALIZATION> 0<F1>
<DISTRIBUTIONS-OF-INCOME> (10,667,625)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 5,414,821
<NUMBER-OF-SHARES-REDEEMED> (2,235,801)
<SHARES-REINVESTED> 276,853
<NET-CHANGE-IN-ASSETS> 55,731,951
<ACCUMULATED-NII-PRIOR> (8,821,755)<F1>
<ACCUMULATED-GAINS-PRIOR> (95,128,462)<F1>
<OVERDISTRIB-NII-PRIOR> 0<F1>
<OVERDIST-NET-GAINS-PRIOR> 0<F1>
<GROSS-ADVISORY-FEES> 4,318,581<F1>
<INTEREST-EXPENSE> 0<F1>
<GROSS-EXPENSE> 10,248,000<F1>
<AVERAGE-NET-ASSETS> 198,288,450
<PER-SHARE-NAV-BEGIN> 14.474
<PER-SHARE-NII> 0.774
<PER-SHARE-GAIN-APPREC> 0.384
<PER-SHARE-DIVIDEND> (0.788)
<PER-SHARE-DISTRIBUTIONS> 0.000
<RETURNS-OF-CAPITAL> 0.000
<PER-SHARE-NAV-END> 14.844
<EXPENSE-RATIO> 1.71
<AVG-DEBT-OUTSTANDING> 0<F1>
<AVG-DEBT-PER-SHARE> 0<F1>
<FN>
<F1>This item relates to the Fund on a composite basis and not on a class basis
</FN>
</TABLE>
<TABLE> <S> <C>
<PAGE>
<ARTICLE> 6
<SERIES>
<NUMBER> 23
<NAME> T.F.H.I. CLASS C
<MULTIPLIER> 1
<S> <C>
<PERIOD-TYPE> YEAR
<FISCAL-YEAR-END> DEC-31-1997
<PERIOD-START> JAN-01-1997
<PERIOD-END> DEC-31-1997
<INVESTMENTS-AT-COST> 907,885,021<F1>
<INVESTMENTS-AT-VALUE> 958,761,165<F1>
<RECEIVABLES> 22,127,146<F1>
<ASSETS-OTHER> 196,512<F1>
<OTHER-ITEMS-ASSETS> 10,496,263<F1>
<TOTAL-ASSETS> 991,581,086<F1>
<PAYABLE-FOR-SECURITIES> 11,331,827<F1>
<SENIOR-LONG-TERM-DEBT> 0<F1>
<OTHER-ITEMS-LIABILITIES> 5,777,253<F1>
<TOTAL-LIABILITIES> 17,109,080<F1>
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 38,302,078
<SHARES-COMMON-STOCK> 2,602,078
<SHARES-COMMON-PRIOR> 1,302,119
<ACCUMULATED-NII-CURRENT> (9,046,242)<F1>
<OVERDISTRIBUTION-NII> 0<F1>
<ACCUMULATED-NET-GAINS> (94,737,108)<F1>
<OVERDISTRIBUTION-GAINS> 0<F1>
<ACCUM-APPREC-OR-DEPREC> 50,697,747<F1>
<NET-ASSETS> 38,621,280
<DIVIDEND-INCOME> 0<F1>
<INTEREST-INCOME> 63,584,303<F1>
<OTHER-INCOME> 0<F1>
<EXPENSES-NET> (10,248,000)<F1>
<NET-INVESTMENT-INCOME> 53,336,303<F1>
<REALIZED-GAINS-CURRENT> 391,354<F1>
<APPREC-INCREASE-CURRENT> 24,022,309<F1>
<NET-CHANGE-FROM-OPS> 77,749,966<F1>
<EQUALIZATION> 0<F1>
<DISTRIBUTIONS-OF-INCOME> (1,407,089)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 1,645,028
<NUMBER-OF-SHARES-REDEEMED> (397,427)
<SHARES-REINVESTED> 52,358
<NET-CHANGE-IN-ASSETS> 19,774,293
<ACCUMULATED-NII-PRIOR> (8,821,755)<F1>
<ACCUMULATED-GAINS-PRIOR> (95,128,462)<F1>
<OVERDISTRIB-NII-PRIOR> 0<F1>
<OVERDIST-NET-GAINS-PRIOR> 0<F1>
<GROSS-ADVISORY-FEES> 4,318,581<F1>
<INTEREST-EXPENSE> 0<F1>
<GROSS-EXPENSE> 10,248,000<F1>
<AVERAGE-NET-ASSETS> 26,355,080
<PER-SHARE-NAV-BEGIN> 14.474
<PER-SHARE-NII> 0.778
<PER-SHARE-GAIN-APPREC> 0.378
<PER-SHARE-DIVIDEND> (0.788)
<PER-SHARE-DISTRIBUTIONS> 0.000
<RETURNS-OF-CAPITAL> 0.000
<PER-SHARE-NAV-END> 14.842
<EXPENSE-RATIO> 1.71
<AVG-DEBT-OUTSTANDING> 0<F1>
<AVG-DEBT-PER-SHARE> 0<F1>
<FN>
<F1>This item relates to the Fund on a composite basis and not on a class basis
</FN>
</TABLE>
<TABLE> <S> <C>
<PAGE>
<ARTICLE> 6
<SERIES>
<NUMBER> 031
<NAME> CAL INS CLASS A
<MULTIPLIER> 1
<S> <C>
<PERIOD-TYPE> YEAR
<FISCAL-YEAR-END> DEC-31-1997
<PERIOD-START> JAN-01-1997
<PERIOD-END> DEC-31-1997
<INVESTMENTS-AT-COST> 159,457,106<F1>
<INVESTMENTS-AT-VALUE> 175,086,931<F1>
<RECEIVABLES> 3,493,675<F1>
<ASSETS-OTHER> 17,732<F1>
<OTHER-ITEMS-ASSETS> 22,784<F1>
<TOTAL-ASSETS> 178,621,122<F1>
<PAYABLE-FOR-SECURITIES> 2,392,479<F1>
<SENIOR-LONG-TERM-DEBT> 0<F1>
<OTHER-ITEMS-LIABILITIES> 764,295<F1>
<TOTAL-LIABILITIES> 3,156,774<F1>
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 129,035,302
<SHARES-COMMON-STOCK> 7,688,471
<SHARES-COMMON-PRIOR> 8,091,788
<ACCUMULATED-NII-CURRENT> 486,148<F1>
<OVERDISTRIBUTION-NII> 0<F1>
<ACCUMULATED-NET-GAINS> (3,883,482)<F1>
<OVERDISTRIBUTION-GAINS> 0<F1>
<ACCUM-APPREC-OR-DEPREC> 15,629,825<F1>
<NET-ASSETS> 140,654,610
<DIVIDEND-INCOME> 0<F1>
<INTEREST-INCOME> 10,042,391<F1>
<OTHER-INCOME> 0<F1>
<EXPENSES-NET> (1,870,764)<F1>
<NET-INVESTMENT-INCOME> 8,171,627<F1>
<REALIZED-GAINS-CURRENT> 1,186,738<F1>
<APPREC-INCREASE-CURRENT> 4,996,359<F1>
<NET-CHANGE-FROM-OPS> 14,354,724<F1>
<EQUALIZATION> 0<F1>
<DISTRIBUTIONS-OF-INCOME> (6,593,552)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 692,287
<NUMBER-OF-SHARES-REDEEMED> (1,319,813)
<SHARES-REINVESTED> 224,209
<NET-CHANGE-IN-ASSETS> (1,803,110)
<ACCUMULATED-NII-PRIOR> 209,340<F1>
<ACCUMULATED-GAINS-PRIOR> (5,070,220)<F1>
<OVERDISTRIB-NII-PRIOR> 0<F1>
<OVERDIST-NET-GAINS-PRIOR> 0<F1>
<GROSS-ADVISORY-FEES> 814,437<F1>
<INTEREST-EXPENSE> 0<F1>
<GROSS-EXPENSE> 1,870,764<F1>
<AVERAGE-NET-ASSETS> 137,701,464
<PER-SHARE-NAV-BEGIN> 17.605
<PER-SHARE-NII> 0.880
<PER-SHARE-GAIN-APPREC> 0.658
<PER-SHARE-DIVIDEND> (0.849)
<PER-SHARE-DISTRIBUTIONS> 0.000
<RETURNS-OF-CAPITAL> 0.000
<PER-SHARE-NAV-END> 18.294
<EXPENSE-RATIO> 0.96
<AVG-DEBT-OUTSTANDING> 0<F1>
<AVG-DEBT-PER-SHARE> 0<F1>
<FN>
<F1>This item relates to the Fund on a composite basis and not on a class basis
</FN>
</TABLE>
<TABLE> <S> <C>
<PAGE>
<ARTICLE> 6
<SERIES>
<NUMBER> 032
<NAME> CAL INS CLASS B
<MULTIPLIER> 1
<S> <C>
<PERIOD-TYPE> YEAR
<FISCAL-YEAR-END> DEC-31-1997
<PERIOD-START> JAN-01-1997
<PERIOD-END> DEC-31-1997
<INVESTMENTS-AT-COST> 159,457,106<F1>
<INVESTMENTS-AT-VALUE> 175,086,931<F1>
<RECEIVABLES> 3,493,675<F1>
<ASSETS-OTHER> 17,732<F1>
<OTHER-ITEMS-ASSETS> 22,784<F1>
<TOTAL-ASSETS> 178,621,122<F1>
<PAYABLE-FOR-SECURITIES> 2,392,479<F1>
<SENIOR-LONG-TERM-DEBT> 0<F1>
<OTHER-ITEMS-LIABILITIES> 764,295<F1>
<TOTAL-LIABILITIES> 3,156,774<F1>
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 30,132,501
<SHARES-COMMON-STOCK> 1,696,407
<SHARES-COMMON-PRIOR> 1,625,341
<ACCUMULATED-NII-CURRENT> 486,148<F1>
<OVERDISTRIBUTION-NII> 0<F1>
<ACCUMULATED-NET-GAINS> (3,883,482)<F1>
<OVERDISTRIBUTION-GAINS> 0<F1>
<ACCUM-APPREC-OR-DEPREC> 15,629,825<F1>
<NET-ASSETS> 31,026,175
<DIVIDEND-INCOME> 0<F1>
<INTEREST-INCOME> 10,042,391<F1>
<OTHER-INCOME> 0<F1>
<EXPENSES-NET> (1,870,764)<F1>
<NET-INVESTMENT-INCOME> 8,171,627<F1>
<REALIZED-GAINS-CURRENT> 1,186,738<F1>
<APPREC-INCREASE-CURRENT> 4,996,359<F1>
<NET-CHANGE-FROM-OPS> 14,354,724<F1>
<EQUALIZATION> 0<F1>
<DISTRIBUTIONS-OF-INCOME> (1,190,355)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 403,552
<NUMBER-OF-SHARES-REDEEMED> (375,548)
<SHARES-REINVESTED> 43,062
<NET-CHANGE-IN-ASSETS> 2,414,632
<ACCUMULATED-NII-PRIOR> 209,340<F1>
<ACCUMULATED-GAINS-PRIOR> (5,070,220)<F1>
<OVERDISTRIB-NII-PRIOR> 0<F1>
<OVERDIST-NET-GAINS-PRIOR> 0<F1>
<GROSS-ADVISORY-FEES> 814,437<F1>
<INTEREST-EXPENSE> 0<F1>
<GROSS-EXPENSE> 1,870,764<F1>
<AVERAGE-NET-ASSETS> 29,486,835
<PER-SHARE-NAV-BEGIN> 17.603
<PER-SHARE-NII> 0.741
<PER-SHARE-GAIN-APPREC> 0.662
<PER-SHARE-DIVIDEND> (0.717)
<PER-SHARE-DISTRIBUTIONS> 0.000
<RETURNS-OF-CAPITAL> 0.000
<PER-SHARE-NAV-END> 18.289
<EXPENSE-RATIO> 1.72
<AVG-DEBT-OUTSTANDING> 0<F1>
<AVG-DEBT-PER-SHARE> 0<F1>
<FN>
<F1>This item relates to the Fund on a composite basis and not on a class basis
</FN>
</TABLE>
<TABLE> <S> <C>
<PAGE>
<ARTICLE> 6
<SERIES>
<NUMBER> 033
<NAME> CAL INS CLASS C
<MULTIPLIER> 1
<S> <C>
<PERIOD-TYPE> YEAR
<FISCAL-YEAR-END> DEC-31-1997
<PERIOD-START> JAN-01-1997
<PERIOD-END> DEC-31-1997
<INVESTMENTS-AT-COST> 159,457,106<F1>
<INVESTMENTS-AT-VALUE> 175,086,931<F1>
<RECEIVABLES> 3,493,675<F1>
<ASSETS-OTHER> 17,732<F1>
<OTHER-ITEMS-ASSETS> 22,784<F1>
<TOTAL-ASSETS> 178,621,122<F1>
<PAYABLE-FOR-SECURITIES> 2,392,479<F1>
<SENIOR-LONG-TERM-DEBT> 0<F1>
<OTHER-ITEMS-LIABILITIES> 764,295<F1>
<TOTAL-LIABILITIES> 3,156,774<F1>
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 4,064,054
<SHARES-COMMON-STOCK> 206,908
<SHARES-COMMON-PRIOR> 126,025
<ACCUMULATED-NII-CURRENT> 486,148<F1>
<OVERDISTRIBUTION-NII> 0<F1>
<ACCUMULATED-NET-GAINS> (3,883,482)<F1>
<OVERDISTRIBUTION-GAINS> 0<F1>
<ACCUM-APPREC-OR-DEPREC> 15,629,825<F1>
<NET-ASSETS> 3,783,563
<DIVIDEND-INCOME> 0<F1>
<INTEREST-INCOME> 10,042,391<F1>
<OTHER-INCOME> 0<F1>
<EXPENSES-NET> (1,870,764)<F1>
<NET-INVESTMENT-INCOME> 8,171,627<F1>
<REALIZED-GAINS-CURRENT> 1,186,738<F1>
<APPREC-INCREASE-CURRENT> 4,996,359<F1>
<NET-CHANGE-FROM-OPS> 14,354,724<F1>
<EQUALIZATION> 0<F1>
<DISTRIBUTIONS-OF-INCOME> (110,912)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 97,375
<NUMBER-OF-SHARES-REDEEMED> (20,021)
<SHARES-REINVESTED> 3,529
<NET-CHANGE-IN-ASSETS> 1,565,210
<ACCUMULATED-NII-PRIOR> 209,340<F1>
<ACCUMULATED-GAINS-PRIOR> (5,070,220)<F1>
<OVERDISTRIB-NII-PRIOR> 0<F1>
<OVERDIST-NET-GAINS-PRIOR> 0<F1>
<GROSS-ADVISORY-FEES> 814,437<F1>
<INTEREST-EXPENSE> 0<F1>
<GROSS-EXPENSE> 1,870,764<F1>
<AVERAGE-NET-ASSETS> 2,752,338
<PER-SHARE-NAV-BEGIN> 17.602
<PER-SHARE-NII> 0.727
<PER-SHARE-GAIN-APPREC> 0.674
<PER-SHARE-DIVIDEND> (0.717)
<PER-SHARE-DISTRIBUTIONS> 0.000
<RETURNS-OF-CAPITAL> 0.000
<PER-SHARE-NAV-END> 18.286
<EXPENSE-RATIO> 1.71
<AVG-DEBT-OUTSTANDING> 0<F1>
<AVG-DEBT-PER-SHARE> 0<F1>
<FN>
<F1>This item relates to the Fund on a composite basis and not on a class basis
</FN>
</TABLE>
<TABLE> <S> <C>
<PAGE>
<ARTICLE> 6
<SERIES>
<NUMBER> 41
<NAME> MUNI INC CLASS A
<MULTIPLIER> 1
<S> <C>
<PERIOD-TYPE> YEAR
<FISCAL-YEAR-END> DEC-31-1997
<PERIOD-START> JAN-01-1997
<PERIOD-END> DEC-31-1997
<INVESTMENTS-AT-COST> 943,198,738<F1>
<INVESTMENTS-AT-VALUE> 1,027,887,582<F1>
<RECEIVABLES> 22,431,707<F1>
<ASSETS-OTHER> 892<F1>
<OTHER-ITEMS-ASSETS> 22,912<F1>
<TOTAL-ASSETS> 1,050,343,093<F1>
<PAYABLE-FOR-SECURITIES> 39,387,246<F1>
<SENIOR-LONG-TERM-DEBT> 0<F1>
<OTHER-ITEMS-LIABILITIES> 18,345,592<F1>
<TOTAL-LIABILITIES> 57,732,838<F1>
<SENIOR-EQUITY> 0<F1>
<PAID-IN-CAPITAL-COMMON> 708,060,131
<SHARES-COMMON-STOCK> 48,593,827
<SHARES-COMMON-PRIOR> 51,899,523
<ACCUMULATED-NII-CURRENT> 535,106<F1>
<OVERDISTRIBUTION-NII> 0<F1>
<ACCUMULATED-NET-GAINS> (17,801,038)<F1>
<OVERDISTRIBUTION-GAINS> 0<F1>
<ACCUM-APPREC-OR-DEPREC> 84,570,511<F1>
<NET-ASSETS> 766,164,906
<DIVIDEND-INCOME> 0<F1>
<INTEREST-INCOME> 63,871,998<F1>
<OTHER-INCOME> 0<F1>
<EXPENSES-NET> (10,458,603)<F1>
<NET-INVESTMENT-INCOME> 53,413,395<F1>
<REALIZED-GAINS-CURRENT> 10,327,114<F1>
<APPREC-INCREASE-CURRENT> 23,723,238<F1>
<NET-CHANGE-FROM-OPS> 87,463,747<F1>
<EQUALIZATION> 0<F1>
<DISTRIBUTIONS-OF-INCOME> (43,085,857)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 33,152,701
<NUMBER-OF-SHARES-REDEEMED> (37,868,614)
<SHARES-REINVESTED> 1,410,217
<NET-CHANGE-IN-ASSETS> (26,176,023)
<ACCUMULATED-NII-PRIOR> 662,245<F1>
<ACCUMULATED-GAINS-PRIOR> (27,924,222)<F1>
<OVERDISTRIB-NII-PRIOR> 0<F1>
<OVERDIST-NET-GAINS-PRIOR> 0<F1>
<GROSS-ADVISORY-FEES> 4,721,648<F1>
<INTEREST-EXPENSE> 0<F1>
<GROSS-EXPENSE> 10,458,603<F1>
<AVERAGE-NET-ASSETS> 777,071,315
<PER-SHARE-NAV-BEGIN> 15.267
<PER-SHARE-NII> 0.852
<PER-SHARE-GAIN-APPREC> 0.500
<PER-SHARE-DIVIDEND> (0.852)
<PER-SHARE-DISTRIBUTIONS> 0.000
<RETURNS-OF-CAPITAL> 0.000
<PER-SHARE-NAV-END> 15.767
<EXPENSE-RATIO> 0.89
<AVG-DEBT-OUTSTANDING> 0<F1>
<AVG-DEBT-PER-SHARE> 0<F1>
<FN>
<F1>This item relates to the Fund on a composite basis and not on a class basis
</FN>
</TABLE>
<TABLE> <S> <C>
<PAGE>
<ARTICLE> 6
<SERIES>
<NUMBER> 42
<NAME> MUNI INC CLASS B
<MULTIPLIER> 1
<S> <C>
<PERIOD-TYPE> YEAR
<FISCAL-YEAR-END> DEC-31-1997
<PERIOD-START> JAN-01-1997
<PERIOD-END> DEC-31-1997
<INVESTMENTS-AT-COST> 943,198,738<F1>
<INVESTMENTS-AT-VALUE> 1,027,887,582<F1>
<RECEIVABLES> 22,431,707<F1>
<ASSETS-OTHER> 892<F1>
<OTHER-ITEMS-ASSETS> 22,912<F1>
<TOTAL-ASSETS> 1,050,343,093<F1>
<PAYABLE-FOR-SECURITIES> 39,387,246<F1>
<SENIOR-LONG-TERM-DEBT> 0<F1>
<OTHER-ITEMS-LIABILITIES> 18,345,592<F1>
<TOTAL-LIABILITIES> 57,732,838<F1>
<SENIOR-EQUITY> 0<F1>
<PAID-IN-CAPITAL-COMMON> 202,573,952
<SHARES-COMMON-STOCK> 13,395,856
<SHARES-COMMON-PRIOR> 13,819,776
<ACCUMULATED-NII-CURRENT> 535,106<F1>
<OVERDISTRIBUTION-NII> 0<F1>
<ACCUMULATED-NET-GAINS> (17,801,038)<F1>
<OVERDISTRIBUTION-GAINS> 0<F1>
<ACCUM-APPREC-OR-DEPREC> 84,570,511<F1>
<NET-ASSETS> 211,166,349
<DIVIDEND-INCOME> 0<F1>
<INTEREST-INCOME> 63,871,998<F1>
<OTHER-INCOME> 0<F1>
<EXPENSES-NET> (10,458,603)<F1>
<NET-INVESTMENT-INCOME> 53,413,395<F1>
<REALIZED-GAINS-CURRENT> 10,327,114<F1>
<APPREC-INCREASE-CURRENT> 23,723,238<F1>
<NET-CHANGE-FROM-OPS> 87,463,747<F1>
<EQUALIZATION> 0<F1>
<DISTRIBUTIONS-OF-INCOME> (9,834,294)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 1,551,226
<NUMBER-OF-SHARES-REDEEMED> (2,313,649)
<SHARES-REINVESTED> 338,503
<NET-CHANGE-IN-ASSETS> 183,531
<ACCUMULATED-NII-PRIOR> 662,245<F1>
<ACCUMULATED-GAINS-PRIOR> (27,924,222)<F1>
<OVERDISTRIB-NII-PRIOR> 0<F1>
<OVERDIST-NET-GAINS-PRIOR> 0<F1>
<GROSS-ADVISORY-FEES> 4,721,648<F1>
<INTEREST-EXPENSE> 0<F1>
<GROSS-EXPENSE> 10,458,603<F1>
<AVERAGE-NET-ASSETS> 204,687,948
<PER-SHARE-NAV-BEGIN> 15.267
<PER-SHARE-NII> 0.734
<PER-SHARE-GAIN-APPREC> 0.501
<PER-SHARE-DIVIDEND> (0.738)
<PER-SHARE-DISTRIBUTIONS> 0.000
<RETURNS-OF-CAPITAL> 0.000
<PER-SHARE-NAV-END> 15.764
<EXPENSE-RATIO> 1.65
<AVG-DEBT-OUTSTANDING> 0<F1>
<AVG-DEBT-PER-SHARE> 0<F1>
<FN>
<F1>This item relates to the Fund on a composite basis and not on a class basis
</FN>
</TABLE>
<TABLE> <S> <C>
<PAGE>
<ARTICLE> 6
<SERIES>
<NUMBER> 43
<NAME> MUNI INC CLASS C
<MULTIPLIER> 1
<S> <C>
<PERIOD-TYPE> YEAR
<FISCAL-YEAR-END> DEC-31-1997
<PERIOD-START> JAN-01-1997
<PERIOD-END> DEC-31-1997
<INVESTMENTS-AT-COST> 943,198,738<F1>
<INVESTMENTS-AT-VALUE> 1,027,887,582<F1>
<RECEIVABLES> 22,431,707<F1>
<ASSETS-OTHER> 892<F1>
<OTHER-ITEMS-ASSETS> 22,912<F1>
<TOTAL-ASSETS> 1,050,343,093<F1>
<PAYABLE-FOR-SECURITIES> 39,387,246<F1>
<SENIOR-LONG-TERM-DEBT> 0<F1>
<OTHER-ITEMS-LIABILITIES> 18,345,592<F1>
<TOTAL-LIABILITIES> 57,732,838<F1>
<SENIOR-EQUITY> 0<F1>
<PAID-IN-CAPITAL-COMMON> 14,671,593
<SHARES-COMMON-STOCK> 970,252
<SHARES-COMMON-PRIOR> 846,831
<ACCUMULATED-NII-CURRENT> 535,106<F1>
<OVERDISTRIBUTION-NII> 0<F1>
<ACCUMULATED-NET-GAINS> (17,801,038)<F1>
<OVERDISTRIBUTION-GAINS> 0<F1>
<ACCUM-APPREC-OR-DEPREC> 84,570,511<F1>
<NET-ASSETS> 15,279,000
<DIVIDEND-INCOME> 0<F1>
<INTEREST-INCOME> 63,871,998<F1>
<OTHER-INCOME> 0<F1>
<EXPENSES-NET> (10,458,603)<F1>
<NET-INVESTMENT-INCOME> 53,413,395<F1>
<REALIZED-GAINS-CURRENT> 10,327,114<F1>
<APPREC-INCREASE-CURRENT> 23,723,238<F1>
<NET-CHANGE-FROM-OPS> 87,463,747<F1>
<EQUALIZATION> 0<F1>
<DISTRIBUTIONS-OF-INCOME> (604,662)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 328,583
<NUMBER-OF-SHARES-REDEEMED> (225,699)
<SHARES-REINVESTED> 20,537
<NET-CHANGE-IN-ASSETS> 2,360,795
<ACCUMULATED-NII-PRIOR> 662,245<F1>
<ACCUMULATED-GAINS-PRIOR> (27,924,222)<F1>
<OVERDISTRIB-NII-PRIOR> 0<F1>
<OVERDIST-NET-GAINS-PRIOR> 0<F1>
<GROSS-ADVISORY-FEES> 4,721,648<F1>
<INTEREST-EXPENSE> 0<F1>
<GROSS-EXPENSE> 10,458,603<F1>
<AVERAGE-NET-ASSETS> 12,589,255
<PER-SHARE-NAV-BEGIN> 15.254
<PER-SHARE-NII> 0.730
<PER-SHARE-GAIN-APPREC> 0.501
<PER-SHARE-DIVIDEND> (0.738)
<PER-SHARE-DISTRIBUTIONS> 0.000
<RETURNS-OF-CAPITAL> 0.000
<PER-SHARE-NAV-END> 15.747
<EXPENSE-RATIO> 1.66
<AVG-DEBT-OUTSTANDING> 0<F1>
<AVG-DEBT-PER-SHARE> 0<F1>
<FN>
<F1>This item relates to the Fund on a composite basis and not on a class basis
</FN>
</TABLE>
<TABLE> <S> <C>
<PAGE>
<ARTICLE> 6
<SERIES>
<NUMBER> 051
<NAME> INTER TERM MUNI A
<MULTIPLIER> 1 <F1>
<S> <C>
<PERIOD-TYPE> YEAR <F1>
<FISCAL-YEAR-END> DEC-31-1997<F1>
<PERIOD-START> JAN-01-1997<F1>
<PERIOD-END> DEC-31-1997<F1>
<INVESTMENTS-AT-COST> 30,737,398<F1>
<INVESTMENTS-AT-VALUE> 33,171,131<F1>
<RECEIVABLES> 1,032,916<F1>
<ASSETS-OTHER> 4,828<F1>
<OTHER-ITEMS-ASSETS> 44,461<F1>
<TOTAL-ASSETS> 34,253,336<F1>
<PAYABLE-FOR-SECURITIES> 1,531,286<F1>
<SENIOR-LONG-TERM-DEBT> 0<F1>
<OTHER-ITEMS-LIABILITIES> 327,582<F1>
<TOTAL-LIABILITIES> 1,858,868<F1>
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 12,105,732
<SHARES-COMMON-STOCK> 1,226,471
<SHARES-COMMON-PRIOR> 1,220,664
<ACCUMULATED-NII-CURRENT> 33,324<F1>
<OVERDISTRIBUTION-NII> 0<F1>
<ACCUMULATED-NET-GAINS> (338,406)<F1>
<OVERDISTRIBUTION-GAINS> 0<F1>
<ACCUM-APPREC-OR-DEPREC> 2,433,733<F1>
<NET-ASSETS> 12,922,442
<DIVIDEND-INCOME> 0<F1>
<INTEREST-INCOME> 2,041,580<F1>
<OTHER-INCOME> 0<F1>
<EXPENSES-NET> (660,644)<F1>
<NET-INVESTMENT-INCOME> 1,380,936<F1>
<REALIZED-GAINS-CURRENT> 347,481<F1>
<APPREC-INCREASE-CURRENT> 651,462<F1>
<NET-CHANGE-FROM-OPS> 2,379,879<F1>
<EQUALIZATION> 0<F1>
<DISTRIBUTIONS-OF-INCOME> (560,309)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 224,786
<NUMBER-OF-SHARES-REDEEMED> (255,254)
<SHARES-REINVESTED> 36,275
<NET-CHANGE-IN-ASSETS> 445,997
<ACCUMULATED-NII-PRIOR> 27,942<F1>
<ACCUMULATED-GAINS-PRIOR> (685,887)<F1>
<OVERDISTRIB-NII-PRIOR> 0<F1>
<OVERDIST-NET-GAINS-PRIOR> 0<F1>
<GROSS-ADVISORY-FEES> 164,970<F1>
<INTEREST-EXPENSE> 0<F1>
<GROSS-EXPENSE> 707,875<F1>
<AVERAGE-NET-ASSETS> 12,159,356
<PER-SHARE-NAV-BEGIN> 10.213
<PER-SHARE-NII> 0.480
<PER-SHARE-GAIN-APPREC> 0.317
<PER-SHARE-DIVIDEND> (0.474)
<PER-SHARE-DISTRIBUTIONS> 0.000
<RETURNS-OF-CAPITAL> 0.000
<PER-SHARE-NAV-END> 10.536
<EXPENSE-RATIO> 1.52
<AVG-DEBT-OUTSTANDING> 0<F1>
<AVG-DEBT-PER-SHARE> 0<F1>
<FN>
<F1>This item relates to the Fund on a composite basis and not on a class basis
</FN>
</TABLE>
<TABLE> <S> <C>
<PAGE>
<ARTICLE> 6
<SERIES>
<NUMBER> 052
<NAME> INTER TERM MUNI B
<MULTIPLIER> 1 <F1>
<S> <C>
<PERIOD-TYPE> YEAR <F1>
<FISCAL-YEAR-END> DEC-31-1997<F1>
<PERIOD-START> JAN-01-1997<F1>
<PERIOD-END> DEC-31-1997<F1>
<INVESTMENTS-AT-COST> 30,737,398<F1>
<INVESTMENTS-AT-VALUE> 33,171,131<F1>
<RECEIVABLES> 1,032,916<F1>
<ASSETS-OTHER> 4,828<F1>
<OTHER-ITEMS-ASSETS> 44,461<F1>
<TOTAL-ASSETS> 34,253,336<F1>
<PAYABLE-FOR-SECURITIES> 1,531,286<F1>
<SENIOR-LONG-TERM-DEBT> 0<F1>
<OTHER-ITEMS-LIABILITIES> 327,582<F1>
<TOTAL-LIABILITIES> 1,858,868<F1>
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 15,529,684
<SHARES-COMMON-STOCK> 1,559,757
<SHARES-COMMON-PRIOR> 1,604,956
<ACCUMULATED-NII-CURRENT> 33,324<F1>
<OVERDISTRIBUTION-NII> 0<F1>
<ACCUMULATED-NET-GAINS> (338,406)<F1>
<OVERDISTRIBUTION-GAINS> 0<F1>
<ACCUM-APPREC-OR-DEPREC> 2,433,733<F1>
<NET-ASSETS> 16,418,482
<DIVIDEND-INCOME> 0<F1>
<INTEREST-INCOME> 2,041,580<F1>
<OTHER-INCOME> 0<F1>
<EXPENSES-NET> (660,644)<F1>
<NET-INVESTMENT-INCOME> 1,380,936<F1>
<REALIZED-GAINS-CURRENT> 347,481<F1>
<APPREC-INCREASE-CURRENT> 651,462<F1>
<NET-CHANGE-FROM-OPS> 2,379,879<F1>
<EQUALIZATION> 0<F1>
<DISTRIBUTIONS-OF-INCOME> (628,468)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 176,313
<NUMBER-OF-SHARES-REDEEMED> (255,930)
<SHARES-REINVESTED> 34,418
<NET-CHANGE-IN-ASSETS> 34,221
<ACCUMULATED-NII-PRIOR> 27,942<F1>
<ACCUMULATED-GAINS-PRIOR> (685,887)<F1>
<OVERDISTRIB-NII-PRIOR> 0<F1>
<OVERDIST-NET-GAINS-PRIOR> 0<F1>
<GROSS-ADVISORY-FEES> 164,970<F1>
<INTEREST-EXPENSE> 0<F1>
<GROSS-EXPENSE> 707,875<F1>
<AVERAGE-NET-ASSETS> 16,072,263
<PER-SHARE-NAV-BEGIN> 10.209
<PER-SHARE-NII> 0.402
<PER-SHARE-GAIN-APPREC> 0.317
<PER-SHARE-DIVIDEND> (0.402)
<PER-SHARE-DISTRIBUTIONS> 0.000
<RETURNS-OF-CAPITAL> 0.000
<PER-SHARE-NAV-END> 10.526
<EXPENSE-RATIO> 2.28
<AVG-DEBT-OUTSTANDING> 0<F1>
<AVG-DEBT-PER-SHARE> 0<F1>
<FN>
<F1>This item relates to the Fund on a composite basis and not on a class basis
</FN>
</TABLE>
<TABLE> <S> <C>
<PAGE>
<ARTICLE> 6
<SERIES>
<NUMBER> 053
<NAME> INTER TERM MUNI C
<MULTIPLIER> 1 <F1>
<S> <C>
<PERIOD-TYPE> YEAR <F1>
<FISCAL-YEAR-END> DEC-31-1997<F1>
<PERIOD-START> JAN-01-1997<F1>
<PERIOD-END> DEC-31-1997<F1>
<INVESTMENTS-AT-COST> 30,737,398<F1>
<INVESTMENTS-AT-VALUE> 33,171,131<F1>
<RECEIVABLES> 1,032,916<F1>
<ASSETS-OTHER> 4,828<F1>
<OTHER-ITEMS-ASSETS> 44,461<F1>
<TOTAL-ASSETS> 34,253,336<F1>
<PAYABLE-FOR-SECURITIES> 1,531,286<F1>
<SENIOR-LONG-TERM-DEBT> 0<F1>
<OTHER-ITEMS-LIABILITIES> 327,582<F1>
<TOTAL-LIABILITIES> 1,858,868<F1>
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 2,630,401
<SHARES-COMMON-STOCK> 290,114
<SHARES-COMMON-PRIOR> 571,218
<ACCUMULATED-NII-CURRENT> 33,324<F1>
<OVERDISTRIBUTION-NII> 0<F1>
<ACCUMULATED-NET-GAINS> (338,406)<F1>
<OVERDISTRIBUTION-GAINS> 0<F1>
<ACCUM-APPREC-OR-DEPREC> 2,433,733<F1>
<NET-ASSETS> 3,053,544
<DIVIDEND-INCOME> 0<F1>
<INTEREST-INCOME> 2,041,580<F1>
<OTHER-INCOME> 0<F1>
<EXPENSES-NET> (660,644)<F1>
<NET-INVESTMENT-INCOME> 1,380,936<F1>
<REALIZED-GAINS-CURRENT> 347,481<F1>
<APPREC-INCREASE-CURRENT> 651,462<F1>
<NET-CHANGE-FROM-OPS> 2,379,879<F1>
<EQUALIZATION> 0<F1>
<DISTRIBUTIONS-OF-INCOME> (186,777)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 141,162
<NUMBER-OF-SHARES-REDEEMED> (437,360)
<SHARES-REINVESTED> 15,094
<NET-CHANGE-IN-ASSETS> (2,776,439)
<ACCUMULATED-NII-PRIOR> 27,942<F1>
<ACCUMULATED-GAINS-PRIOR> (685,887)<F1>
<OVERDISTRIB-NII-PRIOR> 0<F1>
<OVERDIST-NET-GAINS-PRIOR> 0<F1>
<GROSS-ADVISORY-FEES> 164,970<F1>
<INTEREST-EXPENSE> 0<F1>
<GROSS-EXPENSE> 707,875<F1>
<AVERAGE-NET-ASSETS> 4,765,833
<PER-SHARE-NAV-BEGIN> 10.206
<PER-SHARE-NII> 0.402
<PER-SHARE-GAIN-APPREC> 0.319
<PER-SHARE-DIVIDEND> (0.402)
<PER-SHARE-DISTRIBUTIONS> 0.000
<RETURNS-OF-CAPITAL> 0.000
<PER-SHARE-NAV-END> 10.525
<EXPENSE-RATIO> 2.29
<AVG-DEBT-OUTSTANDING> 0<F1>
<AVG-DEBT-PER-SHARE> 0<F1>
<FN>
<F1>This item relates to the Fund on a composite basis and not on a class basis
</FN>
</TABLE>
<TABLE> <S> <C>
<PAGE>
<ARTICLE> 6
<SERIES>
<NUMBER> 061
<NAME> FL INSD A
<MULTIPLIER> 1
<S> <C>
<PERIOD-TYPE> YEAR
<FISCAL-YEAR-END> DEC-31-1997
<PERIOD-START> JAN-01-1997
<PERIOD-END> DEC-31-1997
<INVESTMENTS-AT-COST> 51,234,398<F1>
<INVESTMENTS-AT-VALUE> 54,882,340<F1>
<RECEIVABLES> 1,928,317<F1>
<ASSETS-OTHER> 25,219<F1>
<OTHER-ITEMS-ASSETS> 999,140<F1>
<TOTAL-ASSETS> 57,835,016<F1>
<PAYABLE-FOR-SECURITIES> 4,430,808<F1>
<SENIOR-LONG-TERM-DEBT> 0<F1>
<OTHER-ITEMS-LIABILITIES> 360,165<F1>
<TOTAL-LIABILITIES> 4,790,973<F1>
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 27,794,429
<SHARES-COMMON-STOCK> 1,887,297
<SHARES-COMMON-PRIOR> 1,471,084
<ACCUMULATED-NII-CURRENT> (4,556)<F1>
<OVERDISTRIBUTION-NII> 0<F1>
<ACCUMULATED-NET-GAINS> (593,398)<F1>
<OVERDISTRIBUTION-GAINS> 0<F1>
<ACCUM-APPREC-OR-DEPREC> 3,637,769<F1>
<NET-ASSETS> 29,347,021
<DIVIDEND-INCOME> 0<F1>
<INTEREST-INCOME> 2,523,156<F1>
<OTHER-INCOME> 0<F1>
<EXPENSES-NET> (419,151)<F1>
<NET-INVESTMENT-INCOME> 2,104,005<F1>
<REALIZED-GAINS-CURRENT> (593,398)<F1>
<APPREC-INCREASE-CURRENT> 2,178,761<F1>
<NET-CHANGE-FROM-OPS> 3,689,368<F1>
<EQUALIZATION> 0<F1>
<DISTRIBUTIONS-OF-INCOME> (1,223,114)
<DISTRIBUTIONS-OF-GAINS> (14,898)
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 609,339
<NUMBER-OF-SHARES-REDEEMED> (232,349)
<SHARES-REINVESTED> 39,223
<NET-CHANGE-IN-ASSETS> 7,191,818
<ACCUMULATED-NII-PRIOR> 20,971<F1>
<ACCUMULATED-GAINS-PRIOR> 27,558<F1>
<OVERDISTRIB-NII-PRIOR> 0<F1>
<OVERDIST-NET-GAINS-PRIOR> 0<F1>
<GROSS-ADVISORY-FEES> 223,516<F1>
<INTEREST-EXPENSE> 0<F1>
<GROSS-EXPENSE> 731,603<F1>
<AVERAGE-NET-ASSETS> 23,931,600
<PER-SHARE-NAV-BEGIN> 15.060
<PER-SHARE-NII> 0.766
<PER-SHARE-GAIN-APPREC> 0.508
<PER-SHARE-DIVIDEND> (0.774)
<PER-SHARE-DISTRIBUTIONS> (0.010)
<RETURNS-OF-CAPITAL> 0.010
<PER-SHARE-NAV-END> 15.550
<EXPENSE-RATIO> 0.59
<AVG-DEBT-OUTSTANDING> 0<F1>
<AVG-DEBT-PER-SHARE> 0<F1>
<FN>
<F1>This item relates to the Fund on a composite basis and not on a class basis
</FN>
</TABLE>
<TABLE> <S> <C>
<PAGE>
<ARTICLE> 6
<SERIES>
<NUMBER> 062
<NAME> FL INSD B
<MULTIPLIER> 1
<S> <C>
<PERIOD-TYPE> YEAR
<FISCAL-YEAR-END> DEC-31-1997
<PERIOD-START> JAN-01-1997
<PERIOD-END> DEC-31-1997
<INVESTMENTS-AT-COST> 51,234,398<F1>
<INVESTMENTS-AT-VALUE> 54,882,340<F1>
<RECEIVABLES> 1,928,317<F1>
<ASSETS-OTHER> 25,219<F1>
<OTHER-ITEMS-ASSETS> 999,140<F1>
<TOTAL-ASSETS> 57,835,016<F1>
<PAYABLE-FOR-SECURITIES> 4,430,808<F1>
<SENIOR-LONG-TERM-DEBT> 0<F1>
<OTHER-ITEMS-LIABILITIES> 360,165<F1>
<TOTAL-LIABILITIES> 4,790,973<F1>
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 21,042,117
<SHARES-COMMON-STOCK> 1,446,624
<SHARES-COMMON-PRIOR> 1,252,795
<ACCUMULATED-NII-CURRENT> (4,556)<F1>
<OVERDISTRIBUTION-NII> 0<F1>
<ACCUMULATED-NET-GAINS> (593,398)<F1>
<OVERDISTRIBUTION-GAINS> 0<F1>
<ACCUM-APPREC-OR-DEPREC> 3,637,769<F1>
<NET-ASSETS> 22,501,937
<DIVIDEND-INCOME> 0<F1>
<INTEREST-INCOME> 2,523,156<F1>
<OTHER-INCOME> 0<F1>
<EXPENSES-NET> (419,151)<F1>
<NET-INVESTMENT-INCOME> 2,104,005<F1>
<REALIZED-GAINS-CURRENT> (593,398)<F1>
<APPREC-INCREASE-CURRENT> 2,178,761<F1>
<NET-CHANGE-FROM-OPS> 3,689,368<F1>
<EQUALIZATION> 0<F1>
<DISTRIBUTIONS-OF-INCOME> (878,013)
<DISTRIBUTIONS-OF-GAINS> (12,813)
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 384,943
<NUMBER-OF-SHARES-REDEEMED> (216,650)
<SHARES-REINVESTED> 25,536
<NET-CHANGE-IN-ASSETS> 3,629,211
<ACCUMULATED-NII-PRIOR> 20,971<F1>
<ACCUMULATED-GAINS-PRIOR> 27,558<F1>
<OVERDISTRIB-NII-PRIOR> 0<F1>
<OVERDIST-NET-GAINS-PRIOR> 0<F1>
<GROSS-ADVISORY-FEES> 223,516<F1>
<INTEREST-EXPENSE> 0<F1>
<GROSS-EXPENSE> 731,603<F1>
<AVERAGE-NET-ASSETS> 20,147,289
<PER-SHARE-NAV-BEGIN> 15.064
<PER-SHARE-NII> 0.650
<PER-SHARE-GAIN-APPREC> 0.510
<PER-SHARE-DIVIDEND> (0.660)
<PER-SHARE-DISTRIBUTIONS> (0.010)
<RETURNS-OF-CAPITAL> 0.000
<PER-SHARE-NAV-END> 15.554
<EXPENSE-RATIO> 1.33
<AVG-DEBT-OUTSTANDING> 0<F1>
<AVG-DEBT-PER-SHARE> 0<F1>
<FN>
<F1>This item relates to the Fund on a composite basis and not on a class basis
</FN>
</TABLE>
<TABLE> <S> <C>
<PAGE>
<ARTICLE> 6
<SERIES>
<NUMBER> 063
<NAME> FL INSD C
<MULTIPLIER> 1
<S> <C>
<PERIOD-TYPE> YEAR
<FISCAL-YEAR-END> DEC-31-1997
<PERIOD-START> JAN-01-1997
<PERIOD-END> DEC-31-1997
<INVESTMENTS-AT-COST> 51,234,398<F1>
<INVESTMENTS-AT-VALUE> 54,882,340<F1>
<RECEIVABLES> 1,928,317<F1>
<ASSETS-OTHER> 25,219<F1>
<OTHER-ITEMS-ASSETS> 999,140<F1>
<TOTAL-ASSETS> 57,835,016<F1>
<PAYABLE-FOR-SECURITIES> 4,430,808<F1>
<SENIOR-LONG-TERM-DEBT> 0<F1>
<OTHER-ITEMS-LIABILITIES> 360,165<F1>
<TOTAL-LIABILITIES> 4,790,973<F1>
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 1,167,682
<SHARES-COMMON-STOCK> 76,703
<SHARES-COMMON-PRIOR> 56,311
<ACCUMULATED-NII-CURRENT> (4,556)<F1>
<OVERDISTRIBUTION-NII> 0<F1>
<ACCUMULATED-NET-GAINS> (593,398)<F1>
<OVERDISTRIBUTION-GAINS> 0<F1>
<ACCUM-APPREC-OR-DEPREC> 3,637,769<F1>
<NET-ASSETS> 1,195,085
<DIVIDEND-INCOME> 0<F1>
<INTEREST-INCOME> 2,523,156<F1>
<OTHER-INCOME> 0<F1>
<EXPENSES-NET> (419,151)<F1>
<NET-INVESTMENT-INCOME> 2,104,005<F1>
<REALIZED-GAINS-CURRENT> (593,398)<F1>
<APPREC-INCREASE-CURRENT> 2,178,761<F1>
<NET-CHANGE-FROM-OPS> 3,689,368<F1>
<EQUALIZATION> 0<F1>
<DISTRIBUTIONS-OF-INCOME> (27,855)
<DISTRIBUTIONS-OF-GAINS> (397)
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 52,399
<NUMBER-OF-SHARES-REDEEMED> (33,195)
<SHARES-REINVESTED> 1,188
<NET-CHANGE-IN-ASSETS> 345,875
<ACCUMULATED-NII-PRIOR> 20,971<F1>
<ACCUMULATED-GAINS-PRIOR> 27,558<F1>
<OVERDISTRIB-NII-PRIOR> 0<F1>
<OVERDIST-NET-GAINS-PRIOR> 0<F1>
<GROSS-ADVISORY-FEES> 223,516<F1>
<INTEREST-EXPENSE> 0<F1>
<GROSS-EXPENSE> 731,603<F1>
<AVERAGE-NET-ASSETS> 643,054
<PER-SHARE-NAV-BEGIN> 15.081
<PER-SHARE-NII> 0.666
<PER-SHARE-GAIN-APPREC> 0.504
<PER-SHARE-DIVIDEND> (0.660)
<PER-SHARE-DISTRIBUTIONS> (0.010)
<RETURNS-OF-CAPITAL> 0.000
<PER-SHARE-NAV-END> 15.581
<EXPENSE-RATIO> 1.37
<AVG-DEBT-OUTSTANDING> 0<F1>
<AVG-DEBT-PER-SHARE> 0<F1>
<FN>
<F1>This item relates to the Fund on a composite basis and not on a class basis
</FN>
</TABLE>
<TABLE> <S> <C>
<PAGE>
<ARTICLE> 6
<SERIES>
<NUMBER> 81
<NAME> N.Y.T.F CLASS A
<MULTIPLIER> 1
<S> <C>
<PERIOD-TYPE> YEAR
<FISCAL-YEAR-END> DEC-31-1997
<PERIOD-START> JAN-01-1997
<PERIOD-END> DEC-31-1997
<INVESTMENTS-AT-COST> 34,396,039<F1>
<INVESTMENTS-AT-VALUE> 36,481,179<F1>
<RECEIVABLES> 571,819<F1>
<ASSETS-OTHER> 23,801<F1>
<OTHER-ITEMS-ASSETS> 8,775<F1>
<TOTAL-ASSETS> 37,085,574<F1>
<PAYABLE-FOR-SECURITIES> 4,766,150<F1>
<SENIOR-LONG-TERM-DEBT> 0<F1>
<OTHER-ITEMS-LIABILITIES> 202,836<F1>
<TOTAL-LIABILITIES> 4,968,986<F1>
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 17,012,428
<SHARES-COMMON-STOCK> 1,142,337
<SHARES-COMMON-PRIOR> 513,625
<ACCUMULATED-NII-CURRENT> 28<F1>
<OVERDISTRIBUTION-NII> 0<F1>
<ACCUMULATED-NET-GAINS> 40,951<F1>
<OVERDISTRIBUTION-GAINS> 0<F1>
<ACCUM-APPREC-OR-DEPREC> 2,085,140<F1>
<NET-ASSETS> 17,974,339
<DIVIDEND-INCOME> 0<F1>
<INTEREST-INCOME> 1,350,276<F1>
<OTHER-INCOME> 0<F1>
<EXPENSES-NET> (234,551)<F1>
<NET-INVESTMENT-INCOME> 1,115,725<F1>
<REALIZED-GAINS-CURRENT> 255,029<F1>
<APPREC-INCREASE-CURRENT> 1,117,382<F1>
<NET-CHANGE-FROM-OPS> 2,488,136<F1>
<EQUALIZATION> 0<F1>
<DISTRIBUTIONS-OF-INCOME> (584,822)
<DISTRIBUTIONS-OF-GAINS> (46,829)
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 704,992
<NUMBER-OF-SHARES-REDEEMED> (103,563)
<SHARES-REINVESTED> 27,283
<NET-CHANGE-IN-ASSETS> 10,274,245
<ACCUMULATED-NII-PRIOR> 10,427<F1>
<ACCUMULATED-GAINS-PRIOR> (130,324)<F1>
<OVERDISTRIB-NII-PRIOR> 0<F1>
<OVERDIST-NET-GAINS-PRIOR> 0<F1>
<GROSS-ADVISORY-FEES> 139,021<F1>
<INTEREST-EXPENSE> 0<F1>
<GROSS-EXPENSE> 426,380<F1>
<AVERAGE-NET-ASSETS> 11,228,775
<PER-SHARE-NAV-BEGIN> 14.992
<PER-SHARE-NII> 0.786
<PER-SHARE-GAIN-APPREC> 0.795
<PER-SHARE-DIVIDEND> (.798)
<PER-SHARE-DISTRIBUTIONS> (0.041)
<RETURNS-OF-CAPITAL> 0.000
<PER-SHARE-NAV-END> 15.734
<EXPENSE-RATIO> 0.64
<AVG-DEBT-OUTSTANDING> 0<F1>
<AVG-DEBT-PER-SHARE> 0<F1>
<FN>
<F1>This item relates to the Fund on a composite basis and not on a class basis.
</FN>
</TABLE>
<TABLE> <S> <C>
<PAGE>
<ARTICLE> 6
<SERIES>
<NUMBER> 82
<NAME> N.Y.T.F. CLASS B
<MULTIPLIER> 1
<S> <C>
<PERIOD-TYPE> YEAR
<FISCAL-YEAR-END> DEC-31-1997
<PERIOD-START> JAN-01-1997
<PERIOD-END> DEC-31-1997
<INVESTMENTS-AT-COST> 34,396,039<F1>
<INVESTMENTS-AT-VALUE> 36,481,179<F1>
<RECEIVABLES> 571,819<F1>
<ASSETS-OTHER> 23,801<F1>
<OTHER-ITEMS-ASSETS> 8,775<F1>
<TOTAL-ASSETS> 37,085,574<F1>
<PAYABLE-FOR-SECURITIES> 4,766,150<F1>
<SENIOR-LONG-TERM-DEBT> 0<F1>
<OTHER-ITEMS-LIABILITIES> 202,836<F1>
<TOTAL-LIABILITIES> 4,968,986<F1>
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 11,991,922
<SHARES-COMMON-STOCK> 833,648
<SHARES-COMMON-PRIOR> 675,612
<ACCUMULATED-NII-CURRENT> 28<F1>
<OVERDISTRIBUTION-NII> 0<F1>
<ACCUMULATED-NET-GAINS> 40,951<F1>
<OVERDISTRIBUTION-GAINS> 0<F1>
<ACCUM-APPREC-OR-DEPREC> 2,085,140<F1>
<NET-ASSETS> 13,110,477
<DIVIDEND-INCOME> 0<F1>
<INTEREST-INCOME> 1,350,276<F1>
<OTHER-INCOME> 0<F1>
<EXPENSES-NET> (234,551)<F1>
<NET-INVESTMENT-INCOME> 1,115,725<F1>
<REALIZED-GAINS-CURRENT> 255,029<F1>
<APPREC-INCREASE-CURRENT> 1,117,382<F1>
<NET-CHANGE-FROM-OPS> 2,488,136<F1>
<EQUALIZATION> 0<F1>
<DISTRIBUTIONS-OF-INCOME> (515,371)
<DISTRIBUTIONS-OF-GAINS> (34,234)
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 335,132
<NUMBER-OF-SHARES-REDEEMED> (193,090)
<SHARES-REINVESTED> 15,994
<NET-CHANGE-IN-ASSETS> 2,981,890
<ACCUMULATED-NII-PRIOR> 10,427<F1>
<ACCUMULATED-GAINS-PRIOR> (130,324)<F1>
<OVERDISTRIB-NII-PRIOR> 0<F1>
<OVERDIST-NET-GAINS-PRIOR> 0<F1>
<GROSS-ADVISORY-FEES> 139,021<F1>
<INTEREST-EXPENSE> 0<F1>
<GROSS-EXPENSE> 426,380<F1>
<AVERAGE-NET-ASSETS> 11,380,491
<PER-SHARE-NAV-BEGIN> 14.992
<PER-SHARE-NII> 0.684
<PER-SHARE-GAIN-APPREC> 0.782
<PER-SHARE-DIVIDEND> (.690)
<PER-SHARE-DISTRIBUTIONS> (0.041)
<RETURNS-OF-CAPITAL> 0.000
<PER-SHARE-NAV-END> 15.727
<EXPENSE-RATIO> 1.36
<AVG-DEBT-OUTSTANDING> 0<F1>
<AVG-DEBT-PER-SHARE> 0<F1>
<FN>
<F1>This item relates to the Fund on a composite basis and not on a class basis.
</FN>
</TABLE>
<TABLE> <S> <C>
<PAGE>
<ARTICLE> 6
<SERIES>
<NUMBER> 83
<NAME> N.Y.T.F. CLASS C
<MULTIPLIER> 1
<S> <C>
<PERIOD-TYPE> YEAR
<FISCAL-YEAR-END> DEC-31-1997
<PERIOD-START> JAN-01-1997
<PERIOD-END> DEC-31-1997
<INVESTMENTS-AT-COST> 34,396,039<F1>
<INVESTMENTS-AT-VALUE> 36,481,179<F1>
<RECEIVABLES> 571,819<F1>
<ASSETS-OTHER> 23,801<F1>
<OTHER-ITEMS-ASSETS> 8,775<F1>
<TOTAL-ASSETS> 37,085,574<F1>
<PAYABLE-FOR-SECURITIES> 4,766,150<F1>
<SENIOR-LONG-TERM-DEBT> 0<F1>
<OTHER-ITEMS-LIABILITIES> 202,836<F1>
<TOTAL-LIABILITIES> 4,968,986<F1>
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 986,119
<SHARES-COMMON-STOCK> 65,610
<SHARES-COMMON-PRIOR> 23,541
<ACCUMULATED-NII-CURRENT> 28<F1>
<OVERDISTRIBUTION-NII> 0<F1>
<ACCUMULATED-NET-GAINS> 40,951<F1>
<OVERDISTRIBUTION-GAINS> 0<F1>
<ACCUM-APPREC-OR-DEPREC> 2,085,140<F1>
<NET-ASSETS> 1,031,772
<DIVIDEND-INCOME> 0<F1>
<INTEREST-INCOME> 1,350,276<F1>
<OTHER-INCOME> 0<F1>
<EXPENSES-NET> (234,551)<F1>
<NET-INVESTMENT-INCOME> 1,115,725<F1>
<REALIZED-GAINS-CURRENT> 255,029<F1>
<APPREC-INCREASE-CURRENT> 1,117,382<F1>
<NET-CHANGE-FROM-OPS> 2,488,136<F1>
<EQUALIZATION> 0<F1>
<DISTRIBUTIONS-OF-INCOME> (25,931)
<DISTRIBUTIONS-OF-GAINS> (2,691)
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 48,608
<NUMBER-OF-SHARES-REDEEMED> (7,857)
<SHARES-REINVESTED> 1,318
<NET-CHANGE-IN-ASSETS> 678,847
<ACCUMULATED-NII-PRIOR> 10,427<F1>
<ACCUMULATED-GAINS-PRIOR> (130,324)<F1>
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 139,021<F1>
<INTEREST-EXPENSE> 0<F1>
<GROSS-EXPENSE> 426,380<F1>
<AVERAGE-NET-ASSETS> 577,131
<PER-SHARE-NAV-BEGIN> 14.992
<PER-SHARE-NII> 0.676
<PER-SHARE-GAIN-APPREC> 0.789
<PER-SHARE-DIVIDEND> (.690)
<PER-SHARE-DISTRIBUTIONS> (0.041)
<RETURNS-OF-CAPITAL> 0.000
<PER-SHARE-NAV-END> 15.726
<EXPENSE-RATIO> 1.41
<AVG-DEBT-OUTSTANDING> 0<F1>
<AVG-DEBT-PER-SHARE> 0<F1>
<FN>
<F1> This item relates to the Fund on a composite basis and not on a class
basis.
</FN>
</TABLE>
