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<PAGE> PAGE 13
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<PAGE> PAGE 15
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<PAGE> PAGE 16
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<PAGE> PAGE 19
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<PAGE> PAGE 20
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<PAGE> PAGE 21
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<PAGE> PAGE 22
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<PAGE> PAGE 23
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<PAGE> PAGE 24
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<PAGE> PAGE 26
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<PAGE> PAGE 27
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<PAGE> PAGE 28
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<PAGE> PAGE 29
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<PAGE> PAGE 30
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<PAGE> PAGE 31
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<PAGE> PAGE 32
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<PAGE> PAGE 33
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<PAGE> PAGE 34
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<PAGE> PAGE 35
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<PAGE> PAGE 36
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<PAGE> PAGE 37
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<PAGE> PAGE 38
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<PAGE> PAGE 40
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072CC010800 0
072CC020800 25652
072DD010800 453
072DD020800 0
072EE000800 4454
073 A010800 0.0250
073 A020800 0.0000
073 B000800 0.2460
073 C000800 0.0000
074 A000800 3
074 B000800 5110
074 C000800 0
074 D000800 2236
074 E000800 2586
074 F000800 245617
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074 L000800 2376
074 M000800 6
074 N000800 264983
<PAGE> PAGE 41
074 O000800 1608
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074 R020800 0
074 R030800 0
074 R040800 512
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074 T000800 262640
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074 V010800 1481.00
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074 X000800 17
074 Y000800 0
075 A000800 0
075 B000800 281128
076 000800 0.00
008 A000901 VAN KAMPEN AMERICAN CAPITAL ASSET MGNT, INC
008 B000901 A
008 C000901 801-8286
008 D010901 OAKBROOK TERRACE
008 D020901 IL
008 D030901 60181
024 000900 Y
025 A000901 CHASE MANHATTAN CORP
025 B000901 13-2633612
025 C000901 E
025 D000901 737
025 A000902 NATIONSBANK CORP.
025 B000902 68-0193243
025 C000902 E
025 D000902 375
025 D000903 0
025 D000904 0
025 D000905 0
025 D000906 0
025 D000907 0
025 D000908 0
028 A010900 834
028 A020900 0
028 A030900 0
028 A040900 1
028 B010900 1143
028 B020900 0
028 B030900 0
028 B040900 274
028 C010900 1560
028 C020900 19
028 C030900 0
<PAGE> PAGE 42
028 C040900 14
028 D010900 1469
028 D020900 0
028 D030900 0
028 D040900 24
028 E010900 1851
028 E020900 0
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028 F010900 1915
028 F020900 0
028 F030900 0
028 F040900 122
028 G010900 8771
028 G020900 19
028 G030900 0
028 G040900 435
028 H000900 0
045 000900 Y
046 000900 N
047 000900 Y
048 000900 0.000
048 A010900 500000
048 A020900 0.600
048 B010900 0
048 B020900 0.000
048 C010900 0
048 C020900 0.000
048 D010900 0
048 D020900 0.000
048 E010900 0
048 E020900 0.000
048 F010900 0
048 F020900 0.000
048 G010900 0
048 G020900 0.000
048 H010900 0
048 H020900 0.000
048 I010900 0
048 I020900 0.000
048 J010900 0
048 J020900 0.000
048 K010900 500000
048 K020900 0.550
049 000900 N
050 000900 N
051 000900 N
052 000900 N
053 A000900 Y
053 B000900 N
053 C000900 Y
<PAGE> PAGE 43
062 A000900 N
062 B000900 0.0
062 C000900 0.0
062 D000900 0.0
062 E000900 0.0
062 F000900 0.0
062 G000900 0.0
062 H000900 0.0
062 I000900 0.0
062 J000900 0.0
062 K000900 0.0
062 L000900 0.0
062 M000900 0.0
062 N000900 0.0
062 O000900 0.0
062 P000900 0.0
062 Q000900 0.0
062 R000900 0.0
066 A000900 Y
066 B000900 N
066 C000900 N
066 D000900 N
066 E000900 Y
066 F000900 N
066 G000900 N
067 000900 N
068 A000900 N
068 B000900 N
069 000900 N
070 A010900 Y
070 A020900 Y
070 B010900 Y
070 B020900 N
070 C010900 N
070 C020900 N
070 D010900 Y
070 D020900 N
070 E010900 N
070 E020900 N
070 F010900 Y
070 F020900 N
070 G010900 Y
070 G020900 N
070 H010900 Y
070 H020900 N
070 I010900 N
070 I020900 N
070 J010900 Y
070 J020900 N
070 K010900 Y
070 K020900 N
<PAGE> PAGE 44
070 L010900 Y
070 L020900 Y
070 M010900 N
070 M020900 N
070 N010900 Y
070 N020900 N
070 O010900 Y
070 O020900 N
070 P010900 Y
070 P020900 N
070 Q010900 N
070 Q020900 N
070 R010900 N
070 R020900 N
071 A000900 12945
071 B000900 5616
071 C000900 15351
071 D000900 37
072 A000900 6
072 B000900 40
072 C000900 120
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<PAGE> PAGE 45
073 A010900 0.0160
073 A020900 0.0000
073 B000900 0.0000
073 C000900 0.0000
074 A000900 8
074 B000900 2005
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074 S000900 0
074 T000900 22220
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074 V020900 0.00
074 W000900 0.0000
074 X000900 6
074 Y000900 2005
075 A000900 0
075 B000900 16624
076 000900 0.00
024 001000 N
028 A011000 1145
028 A021000 0
028 A031000 0
028 A041000 0
028 B011000 1037
028 B021000 0
028 B031000 0
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028 C011000 1774
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<PAGE> PAGE 46
028 D021000 0
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028 F041000 73
028 G011000 8938
028 G021000 6
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028 G041000 82
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049 001000 N
050 001000 N
051 001000 N
052 001000 N
053 A001000 Y
053 B001000 N
053 C001000 N
062 A001000 N
062 B001000 0.0
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062 D001000 0.0
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066 A001000 Y
066 B001000 N
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066 D001000 Y
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066 F001000 N
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067 001000 N
068 A001000 N
068 B001000 N
<PAGE> PAGE 47
069 001000 N
070 A011000 N
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070 B021000 N
070 C011000 N
070 C021000 N
070 D011000 N
070 D021000 N
070 E011000 N
070 E021000 N
070 F011000 N
070 F021000 N
070 G011000 N
070 G021000 N
070 H011000 N
070 H021000 N
070 I011000 N
070 I021000 N
070 J011000 N
070 J021000 N
070 K011000 N
070 K021000 N
070 L011000 N
070 L021000 N
070 M011000 N
070 M021000 N
070 N011000 N
070 N021000 N
070 O011000 N
070 O021000 N
070 P011000 N
070 P021000 N
070 Q011000 N
070 Q021000 N
070 R011000 N
070 R021000 N
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<PAGE> PAGE 48
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<PAGE> PAGE 49
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SIGNATURE NICK DALMASO
TITLE ATTORNEY
<TABLE>
NSAR ITEM 770
VKAC Aggressive Growth Fund
10f-3 Transactions
UNDERWRITING # UNDERWRITING PURCHASED AMOUNT OF SHARES % OF DATE OF
FROM PURCHASED UNDERWRITING PURCHASE
<S> <C> <C> <C> <C> <C>
1 GTE Southwest Inc. Merrill Lynch 1,000,000 0.667% 01/07/98
2 St. Joe Corporation Robert W. Baird 13,200 0.110% 02/10/98
3 SFX Entertainment, Inc. Cowan & Co. 400 0.006% 05/20/98
4 Capstar Broadcasting Salomon Smith 3,700 0.012% 05/26/98
Barney
5 Alstom Societe Generale 11,500 0.011% 06/22/98
6 Rhodia ADS Donaldson, Lufkin 3,500 0.032% 06/25/98
& Jenrette
</TABLE>
<PAGE>
Other Firms participating in Underwriting
UNDERWRITING FOR #1
Goldman, Sachs & Co.
Morgan Stanley Dean Witter
UNDERWRITING FOR #2
Morgan Stanley & Co. Incorporated
Donaldson, Lufkin & Jenrette Securities Corporation
Merrill Lynch, Pierce, Fenner & Smith Incorporated
Raymond James & Associates, Inc.
BT Alex.Brown Incorporated
A.G. Edwards & Sons, Inc.
Everen Securities, Inc.
Janney Montgomery Scott Inc.
Edward D. Jones & Co., LP
Laidlaw Global Securities, Inc.
Legg Mason Wood Walker, Incorporated
Prudential Securities Incorporated
Smith Barney Inc.
Value Investment Partners, Inc.
Wasserstein Perella Securities, Inc.
UNDERWRITING FOR #3
Goldman, Sachs & Co.
Lehman Brothers Inc.
Bear, Stearns & Co. Inc.
Morgan Stanley & Co. Incorporated
Prudential Securities Incorporated
UNDERWRITING FOR #4
Credit Suisse First Boston Corporation
BT Blex.Brown Incorporated
Morgan Stanley & Co. Incorporated
Bear, Stearns & Co. Inc.
Goldman, Sachs & Co.
NationsBanc Montgomery Securities LLC
UNDERWRITING FOR #5
Credit Suisse First Boston (Europe) Limited
Goldman Sachs International
Morgan Stanley & Co. International Limited
Banque Nationale de Paris
Credit Agricole Indosuez
HSBC Investment Bank plc
Swiss Bank Corporation
ABN AMRO Rothschild
Banca Commerciale Italiana Spa
Cazenove & Co.
CDC Marches
Credit Lyonnaise Securities
Duetsche Bank AG London
Generale Bank
Lehman Brothers International (Europe)
Merrill Lynch International
Underwriting for #6
Swiss Bank Corporation, acting through its division, SBC Warburg Dillon Read
Societe Generale
Morgan Stenley & Co. Incorporated
Bear, Stearns International Limited
BT Alex.Brown International
Credit Suisse First Boston (Europe) Limited
Goldman Sachs International
Paribas
Credit Agricole Indosuez
Banque National de Paris
Credit Lyonnaise
Credit Commercial de France
ABN AMRO Rothschold
Dresdner Kleinwort Benson
Nomura International plc
<PAGE>
<TABLE>
<CAPTION>
NSAR ITEM 770
VKAC LIT Enterprise Fund
10f-3 Transactions
UNDERWRITING # UNDERWRITING PURCHASED AMOUNT OF SHARES % OF DATE OF
FROM PURCHASED UNDERWRITING PURCHASE
<S> <C> <C> <C> <C> <C>
1 Republic Services, Inc. Merrill Lynch 315,300 0.618% 06/30/98
</TABLE>
Other Firms participating in Underwriting:
UNDERWRITING FOR #1
Merrill Lynch, Pierce, Fenner & Smith Incorporated
Deutsche Bank Securities Inc.
Donaldson, Lufkin & Jenrette Securities Corporation
Allen & Company Incorporated
ABN AMRO Incorporated
BT Alex Brown Incorporated
BancAmerican Robertson Stephens
Bear, Stearns & Co. Inc.
Blaylock & Partners, LP
Chatfield Dean & Company
CIBC Oppenheimer Corp.
Cleary Gull Reiland & McDevitt Inc.
First Analysis Securities Corporation
Fox-Pitt, Kelton Inc.
Furman Selz LLC
Gabelli & Company, Inc.
Goldman, Sachs & Co.
Morgan Stanley & Co. Incorporated
NationsBanc Montgomery Securities LLC
Neuberger & Berman, LLC
PaineWebber Incorporated
Raymond James & Associates, Inc.
Smith Barney Inc.
Utendahl Capital Partners, LP
Wheat First Securities, Inc.
<PAGE>
<TABLE>
<CAPTION>
NSAR ITEM 770
VKAC LIT Emerging Growth Portfolio
10f-3 Transactions
UNDERWRITING # UNDERWRITING PURCHASED AMOUNT OF SHARES % OF DATE OF
FROM PURCHASED UNDERWRITING PURCHASE
<S> <C> <C> <C> <C> <C>
1 Capstar Broadcasting Salomon Smith 2,000 0.006% 05/26/98
Barney
2 Republic Services, Inc. Merrill Lynch 1,500 0.003% 06/30/98
</TABLE>
Other Firms participating in Underwriting:
UNDERWRITING FOR #1
Credit Suisse First Boston Corporation
BT Alex Brown Incorporated
Morgan Stanley & Co. Incorporated
Bear, Stearns & Co. Inc.
Goldman, Sachs & Co.
NationsBanc Montgomery Securities LLC
Underwriting for #2
Merrill Lynch, Pierce, Fenner & Smith Incorporated
Deutsche Bank Securities Inc.
Donaldson, Lufkin & Jenrette Securities Corporation
Allen & Company Incorporated
ABN AMRO Incorporated
BT Alex Brown Incorporated
BancAmerica Robertson Stephens
Bear, Stearns & Co. Inc.
Blaylock & Partners, LP
Chatfield Dean & Company
CIBC Oppenheimer Corp.
Clearly Gull Reiland & McDevitt Inc.
First Analysis Securities Corporation
Fox-Pitt, Kelton Inc.
Furman Selz LLC
Gabelli & Company, Inc.
Goldman, Sachs & Co.
Morgan Stanley & Co. Incorporated
NationsBanc Montgomery Securities LLC
Neuberger & Berman, LLC
PaineWebber Incorporated
Raymond James & Associates, Inc.
Smith Barney Inc.
Utendahl Capital Partners, LP
Wheat First Securities, Inc.
<PAGE>
<TABLE>
<CAPTION>
NSAR ITEM 770
VKAC LIT Domestic Income Portfolio
10f-3 Transactions
UNDERWRITING # UNDERWRITING PURCHASED AMOUNT OF SHARES % OF DATE OF
FROM PURCHASED UNDERWRITING PURCHASE
<S> <C> <C> <C> <C> <C>
1 Minnesota Mining Co. Merrill Lynch 500,000 0.167% 02/11/98
2 Beckman Coulter Merrill Lynch 500,000 0.125% 02/25/98
3 Tenet Healthcare Donaldson, Lufkin 500,000 0.042% 05/08/98
& Jenrette
4 Owens-Illinois, Inc. Salomon Smith 500,000 0.091% 05/14/98
Barney
5 Tyco International Group J.P. Morgan 500,000 0.025% 06/04/98
</TABLE>
Other Firms participating in Underwriting:
UNDERWRITING FOR #2
Salomon Smith Barney
Citicorp Securities, Inc.
Credit Suisse First Boston
Morgan Stanley Dean Witter
BancAmerican Robertson Stephens
First Chicago Capital Markets, Inc.
Goldman, Sachs & Co.
UNDERWRITTING FOR #5
Morgan Stanley & Co. Incorporated
Lehman Brothers Inc.
Merrill Lynch, Pierce, Fenner & Smith Incorporated
Credit Suisse First Boston Corporation
Donaldson, Lufkin & Jenrette Securities Corporation
BT Alex Brown Incorporated
First Chicago Capital Markets, Inc.
NationsBanc Montgomery Securities LLC
ABN AMRO Incorporated
Credit Lyonnaise Securities Inc.
First Union Capital Markets Inc.
Scotia Capital markets Inc.
Bear, Stearns & Co. Inc.
Citicorp Securities, Inc.
PaineWebber Incorporated
UBS Securities LLC
BancAmerican Robertson Stephens
BNY Capital Markets Inc.
Commerzbank Capital Markets Corporation
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 11
<NAME> LIT ENTP CLASS A
<MULTIPLIER> 1
<S> <C>
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<FISCAL-YEAR-END> DEC-31-1998
<PERIOD-START> JAN-01-1998
<PERIOD-END> JUN-30-1998
<INVESTMENTS-AT-COST> 74,168,870
<INVESTMENTS-AT-VALUE> 114,514,063
<RECEIVABLES> 138,313
<ASSETS-OTHER> 46,385
<OTHER-ITEMS-ASSETS> 2,568
<TOTAL-ASSETS> 114,701,329
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<ACCUMULATED-NET-GAINS> 5,671,992
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 40,345,193
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<EXPENSES-NET> (320,770)
<NET-INVESTMENT-INCOME> 172,281
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<DISTRIBUTIONS-OF-GAINS> (1,126,721)
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<NUMBER-OF-SHARES-REDEEMED> (573,475)
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<ACCUMULATED-NII-PRIOR> 37,345
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<OVERDISTRIB-NII-PRIOR> 0
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<GROSS-ADVISORY-FEES> 266,962
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 338,180
<AVERAGE-NET-ASSETS> 107,809,400
<PER-SHARE-NAV-BEGIN> 18.106
<PER-SHARE-NII> 0.032
<PER-SHARE-GAIN-APPREC> 3.162
<PER-SHARE-DIVIDEND> (0.017)
<PER-SHARE-DISTRIBUTIONS> (0.209)
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</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 21
<NAME> LIT DOMESTIC INCOME
<MULTIPLIER> 1
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> DEC-31-1998
<PERIOD-START> JAN-01-1998
<PERIOD-END> JUN-30-1998
<INVESTMENTS-AT-COST> 16,057,441
<INVESTMENTS-AT-VALUE> 16,916,408
<RECEIVABLES> 278,346
<ASSETS-OTHER> 42,338
<OTHER-ITEMS-ASSETS> 4,274
<TOTAL-ASSETS> 17,241,366
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 178,891
<TOTAL-LIABILITIES> 178,891
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 16,853,911
<SHARES-COMMON-STOCK> 1,989,028
<SHARES-COMMON-PRIOR> 2,084,276
<ACCUMULATED-NII-CURRENT> 605,382
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (1,255,785)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 858,967
<NET-ASSETS> 17,062,475
<DIVIDEND-INCOME> 32,798
<INTEREST-INCOME> 640,279
<OTHER-INCOME> 0
<EXPENSES-NET> (50,526)
<NET-INVESTMENT-INCOME> 622,551
<REALIZED-GAINS-CURRENT> 66,719
<APPREC-INCREASE-CURRENT> 8,914
<NET-CHANGE-FROM-OPS> 698,184
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (44,123)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 214,926
<NUMBER-OF-SHARES-REDEEMED> (315,433)
<SHARES-REINVESTED> 5,259
<NET-CHANGE-IN-ASSETS> (136,318)
<ACCUMULATED-NII-PRIOR> 26,954
<ACCUMULATED-GAINS-PRIOR> (1,322,504)
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 42,106
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 99,053
<AVERAGE-NET-ASSETS> 16,981,412
<PER-SHARE-NAV-BEGIN> 8.252
<PER-SHARE-NII> 0.313
<PER-SHARE-GAIN-APPREC> 0.035
<PER-SHARE-DIVIDEND> (0.022)
<PER-SHARE-DISTRIBUTIONS> 0.000
<RETURNS-OF-CAPITAL> 0.000
<PER-SHARE-NAV-END> 8.578
<EXPENSE-RATIO> 0.60
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 31
<NAME> LIT GOVERNMENT
<MULTIPLIER> 1
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> DEC-31-1998
<PERIOD-START> JAN-01-1998
<PERIOD-END> JUN-30-1998
<INVESTMENTS-AT-COST> 50,804,839
<INVESTMENTS-AT-VALUE> 52,166,983
<RECEIVABLES> 639,389
<ASSETS-OTHER> 45,217
<OTHER-ITEMS-ASSETS> 3,849
<TOTAL-ASSETS> 52,855,438
<PAYABLE-FOR-SECURITIES> 1,022,188
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 321,620
<TOTAL-LIABILITIES> 1,343,808
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 58,672,353
<SHARES-COMMON-STOCK> 5,622,907
<SHARES-COMMON-PRIOR> 5,892,077
<ACCUMULATED-NII-CURRENT> 1,110,967
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (9,748,483)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 1,476,793
<NET-ASSETS> 51,511,630
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 1,691,182
<OTHER-INCOME> 0
<EXPENSES-NET> (156,055)
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<APPREC-INCREASE-CURRENT> (38,425)
<NET-CHANGE-FROM-OPS> 1,914,809
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (529,309)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 316,932
<NUMBER-OF-SHARES-REDEEMED> (645,046)
<SHARES-REINVESTED> 58,944
<NET-CHANGE-IN-ASSETS> (1,046,709)
<ACCUMULATED-NII-PRIOR> 105,149
<ACCUMULATED-GAINS-PRIOR> (10,166,590)
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 130,024
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 199,421
<AVERAGE-NET-ASSETS> 52,449,641
<PER-SHARE-NAV-BEGIN> 8.920
<PER-SHARE-NII> 0.270
<PER-SHARE-GAIN-APPREC> 0.061
<PER-SHARE-DIVIDEND> (0.090)
<PER-SHARE-DISTRIBUTIONS> 0.000
<RETURNS-OF-CAPITAL> 0.000
<PER-SHARE-NAV-END> 9.161
<EXPENSE-RATIO> 0.60
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 41
<NAME> LIT MONEY MARKET PORTFOLIO
<MULTIPLIER> 1
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> DEC-31-1998
<PERIOD-START> JAN-01-1998
<PERIOD-END> JUN-30-1998
<INVESTMENTS-AT-COST> 20,956,553
<INVESTMENTS-AT-VALUE> 20,956,553
<RECEIVABLES> 14,929
<ASSETS-OTHER> 50,327
<OTHER-ITEMS-ASSETS> 554
<TOTAL-ASSETS> 21,022,363
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 119,716
<TOTAL-LIABILITIES> 119,716
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 20,902,624
<SHARES-COMMON-STOCK> 20,902,624
<SHARES-COMMON-PRIOR> 19,740,568
<ACCUMULATED-NII-CURRENT> 23
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 0
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 0
<NET-ASSETS> 20,902,647
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 528,053
<OTHER-INCOME> 0
<EXPENSES-NET> (56,667)
<NET-INVESTMENT-INCOME> 471,386
<REALIZED-GAINS-CURRENT> 0
<APPREC-INCREASE-CURRENT> 0
<NET-CHANGE-FROM-OPS> 471,386
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (471,567)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 10,827,054
<NUMBER-OF-SHARES-REDEEMED> (10,136,565)
<SHARES-REINVESTED> 471,567
<NET-CHANGE-IN-ASSETS> 1,161,875
<ACCUMULATED-NII-PRIOR> 204
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 47,204
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 97,779
<AVERAGE-NET-ASSETS> 19,039,467
<PER-SHARE-NAV-BEGIN> 1.000
<PER-SHARE-NII> 0.025
<PER-SHARE-GAIN-APPREC> 0.000
<PER-SHARE-DIVIDEND> (0.025)
<PER-SHARE-DISTRIBUTIONS> 0.000
<RETURNS-OF-CAPITAL> 0.000
<PER-SHARE-NAV-END> 1.000
<EXPENSE-RATIO> 0.60
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 51
<NAME> LIT ASSET ALLOCATION
<MULTIPLIER> 1
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> DEC-31-1998
<PERIOD-START> JAN-01-1998
<PERIOD-END> JUN-30-1998
<INVESTMENTS-AT-COST> 52,812,689
<INVESTMENTS-AT-VALUE> 62,199,930
<RECEIVABLES> 558,993
<ASSETS-OTHER> 36,293
<OTHER-ITEMS-ASSETS> 2,478
<TOTAL-ASSETS> 62,797,694
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 178,104
<TOTAL-LIABILITIES> 178,104
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 49,829,793
<SHARES-COMMON-STOCK> 4,987,502
<SHARES-COMMON-PRIOR> 5,314,563
<ACCUMULATED-NII-CURRENT> 1,070,596
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 2,331,960
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 9,387,241
<NET-ASSETS> 62,619,590
<DIVIDEND-INCOME> 401,968
<INTEREST-INCOME> 908,947
<OTHER-INCOME> 0
<EXPENSES-NET> (190,480)
<NET-INVESTMENT-INCOME> 1,120,435
<REALIZED-GAINS-CURRENT> 2,381,727
<APPREC-INCREASE-CURRENT> 1,773,399
<NET-CHANGE-FROM-OPS> 5,275,561
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (67,589)
<DISTRIBUTIONS-OF-GAINS> (1,826,978)
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 154,603
<NUMBER-OF-SHARES-REDEEMED> (634,698)
<SHARES-REINVESTED> 153,034
<NET-CHANGE-IN-ASSETS> (678,122)
<ACCUMULATED-NII-PRIOR> 17,750
<ACCUMULATED-GAINS-PRIOR> 1,777,211
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 158,673
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 234,744
<AVERAGE-NET-ASSETS> 64,019,677
<PER-SHARE-NAV-BEGIN> 11.910
<PER-SHARE-NII> 0.224
<PER-SHARE-GAIN-APPREC> 0.788
<PER-SHARE-DIVIDEND> (0.013)
<PER-SHARE-DISTRIBUTIONS> (0.354)
<RETURNS-OF-CAPITAL> 0.000
<PER-SHARE-NAV-END> 12.555
<EXPENSE-RATIO> 0.60
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 61
<NAME> LIT EMG CLASS A
<MULTIPLIER> 1
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> DEC-31-1998
<PERIOD-START> JAN-01-1998
<PERIOD-END> JUN-30-1998
<INVESTMENTS-AT-COST> 16,044,073
<INVESTMENTS-AT-VALUE> 20,682,239
<RECEIVABLES> 139,923
<ASSETS-OTHER> 2,735
<OTHER-ITEMS-ASSETS> 11,830
<TOTAL-ASSETS> 20,836,727
<PAYABLE-FOR-SECURITIES> 637,181
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 78,077
<TOTAL-LIABILITIES> 715,258
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 15,657,164
<SHARES-COMMON-STOCK> 1,001,712
<SHARES-COMMON-PRIOR> 637,815
<ACCUMULATED-NII-CURRENT> (29,796)
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (144,065)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 4,638,166
<NET-ASSETS> 20,121,469
<DIVIDEND-INCOME> 15,992
<INTEREST-INCOME> 31,679
<OTHER-INCOME> 0
<EXPENSES-NET> (59,915)
<NET-INVESTMENT-INCOME> (12,244)
<REALIZED-GAINS-CURRENT> 110,958
<APPREC-INCREASE-CURRENT> 2,697,070
<NET-CHANGE-FROM-OPS> 2,795,784
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (4,851)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 527,332
<NUMBER-OF-SHARES-REDEEMED> (163,695)
<SHARES-REINVESTED> 260
<NET-CHANGE-IN-ASSETS> 9,629,615
<ACCUMULATED-NII-PRIOR> (12,701)
<ACCUMULATED-GAINS-PRIOR> (255,023)
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 49,119
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 92,935
<AVERAGE-NET-ASSETS> 14,214,467
<PER-SHARE-NAV-BEGIN> 16.450
<PER-SHARE-NII> (0.003)
<PER-SHARE-GAIN-APPREC> 3.647
<PER-SHARE-DIVIDEND> (0.007)
<PER-SHARE-DISTRIBUTIONS> 0.000
<RETURNS-OF-CAPITAL> 0.000
<PER-SHARE-NAV-END> 20.087
<EXPENSE-RATIO> 0.85
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 71
<NAME> LIT GLOBAL EQUITY PORTFOLIO
<MULTIPLIER> 1
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> DEC-31-1998
<PERIOD-START> JAN-01-1998
<PERIOD-END> JUN-30-1998
<INVESTMENTS-AT-COST> 2,701,617
<INVESTMENTS-AT-VALUE> 3,433,260
<RECEIVABLES> 19,743
<ASSETS-OTHER> 45,397
<OTHER-ITEMS-ASSETS> 6,163
<TOTAL-ASSETS> 3,504,563
<PAYABLE-FOR-SECURITIES> 248
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 59,092
<TOTAL-LIABILITIES> 59,340
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 2,718,787
<SHARES-COMMON-STOCK> 271,347
<SHARES-COMMON-PRIOR> 270,266
<ACCUMULATED-NII-CURRENT> (33,141)
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 22,563
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 737,014
<NET-ASSETS> 3,445,223
<DIVIDEND-INCOME> 34,129
<INTEREST-INCOME> 4,439
<OTHER-INCOME> 157
<EXPENSES-NET> (19,352)
<NET-INVESTMENT-INCOME> 19,373
<REALIZED-GAINS-CURRENT> 43,945
<APPREC-INCREASE-CURRENT> 429,064
<NET-CHANGE-FROM-OPS> 492,382
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (38,010)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 29,611
<NUMBER-OF-SHARES-REDEEMED> (30,534)
<SHARES-REINVESTED> 2,004
<NET-CHANGE-IN-ASSETS> 471,214
<ACCUMULATED-NII-PRIOR> (14,504)
<ACCUMULATED-GAINS-PRIOR> (21,382)
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 16,231
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 101,846
<AVERAGE-NET-ASSETS> 3,252,016
<PER-SHARE-NAV-BEGIN> 11.004
<PER-SHARE-NII> 0.074
<PER-SHARE-GAIN-APPREC> 1.762
<PER-SHARE-DIVIDEND> (0.143)
<PER-SHARE-DISTRIBUTIONS> 0.000
<RETURNS-OF-CAPITAL> 0.000
<PER-SHARE-NAV-END> 12.697
<EXPENSE-RATIO> 1.20
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 81
<NAME> LIT REAL ESTATE
<MULTIPLIER> 1
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> DEC-31-1998
<PERIOD-START> JAN-01-1998
<PERIOD-END> JUN-30-1998
<INVESTMENTS-AT-COST> 250,127,660
<INVESTMENTS-AT-VALUE> 255,548,921
<RECEIVABLES> 9,425,057
<ASSETS-OTHER> 2,738
<OTHER-ITEMS-ASSETS> 5,996
<TOTAL-ASSETS> 264,982,712
<PAYABLE-FOR-SECURITIES> 1,608,035
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 735,029
<TOTAL-LIABILITIES> 2,343,064
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 246,064,910
<SHARES-COMMON-STOCK> 17,739,727
<SHARES-COMMON-PRIOR> 18,894,267
<ACCUMULATED-NII-CURRENT> 6,328,612
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 4,824,865
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 5,421,261
<NET-ASSETS> 262,639,648
<DIVIDEND-INCOME> 7,523,210
<INTEREST-INCOME> 310,557
<OTHER-INCOME> 0
<EXPENSES-NET> (1,487,531)
<NET-INVESTMENT-INCOME> 6,346,236
<REALIZED-GAINS-CURRENT> 5,223,088
<APPREC-INCREASE-CURRENT> (25,652,003)
<NET-CHANGE-FROM-OPS> (14,082,679)
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (453,005)
<DISTRIBUTIONS-OF-GAINS> (4,453,661)
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 3,023,060
<NUMBER-OF-SHARES-REDEEMED> (4,504,058)
<SHARES-REINVESTED> 326,458
<NET-CHANGE-IN-ASSETS> (36,767,380)
<ACCUMULATED-NII-PRIOR> 435,381
<ACCUMULATED-GAINS-PRIOR> 4,055,438
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 1,395,754
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 1,487,531
<AVERAGE-NET-ASSETS> 281,127,901
<PER-SHARE-NAV-BEGIN> 15.846
<PER-SHARE-NII> 0.359
<PER-SHARE-GAIN-APPREC> (1.129)
<PER-SHARE-DIVIDEND> (0.025)
<PER-SHARE-DISTRIBUTIONS> (0.246)
<RETURNS-OF-CAPITAL> 0.000
<PER-SHARE-NAV-END> 14.805
<EXPENSE-RATIO> 1.07
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 91
<NAME> LIT GROWTH & INC
<MULTIPLIER> 1
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> DEC-31-1998
<PERIOD-START> JAN-01-1998
<PERIOD-END> JUN-30-1998
<INVESTMENTS-AT-COST> 20,250,811
<INVESTMENTS-AT-VALUE> 22,710,678
<RECEIVABLES> 214,416
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 8,003
<TOTAL-ASSETS> 22,933,097
<PAYABLE-FOR-SECURITIES> 682,182
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 30,812
<TOTAL-LIABILITIES> 712,994
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 19,557,789
<SHARES-COMMON-STOCK> 1,590,426
<SHARES-COMMON-PRIOR> 966,202
<ACCUMULATED-NII-CURRENT> 95,020
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 99,503
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 2,467,791
<NET-ASSETS> 22,220,103
<DIVIDEND-INCOME> 120,562
<INTEREST-INCOME> 40,278
<OTHER-INCOME> 0
<EXPENSES-NET> (61,828)
<NET-INVESTMENT-INCOME> 99,012
<REALIZED-GAINS-CURRENT> 142,381
<APPREC-INCREASE-CURRENT> 1,928,255
<NET-CHANGE-FROM-OPS> 2,169,648
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (18,683)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 655,693
<NUMBER-OF-SHARES-REDEEMED> (32,856)
<SHARES-REINVESTED> 1,387
<NET-CHANGE-IN-ASSETS> 10,506,513
<ACCUMULATED-NII-PRIOR> 14,691
<ACCUMULATED-GAINS-PRIOR> (42,878)
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 49,206
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 98,409
<AVERAGE-NET-ASSETS> 16,624,183
<PER-SHARE-NAV-BEGIN> 12.123
<PER-SHARE-NII> 0.060
<PER-SHARE-GAIN-APPREC> 1.804
<PER-SHARE-DIVIDEND> (0.016)
<PER-SHARE-DISTRIBUTIONS> 0.000
<RETURNS-OF-CAPITAL> 0.000
<PER-SHARE-NAV-END> 13.971
<EXPENSE-RATIO> 0.75
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 101
<NAME> LIT STRATEGIC STOCK PORTFOLIO
<MULTIPLIER> 1
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> DEC-31-1998
<PERIOD-START> JAN-01-1998
<PERIOD-END> JUN-30-1998
<INVESTMENTS-AT-COST> 11,360,174
<INVESTMENTS-AT-VALUE> 11,627,688
<RECEIVABLES> 301,985
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 1,268
<TOTAL-ASSETS> 11,930,941
<PAYABLE-FOR-SECURITIES> 199,891
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 14,676
<TOTAL-LIABILITIES> 214,567
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 11,374,918
<SHARES-COMMON-STOCK> 1,041,658
<SHARES-COMMON-PRIOR> 246,576
<ACCUMULATED-NII-CURRENT> 74,802
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (860)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 267,514
<NET-ASSETS> 11,716,374
<DIVIDEND-INCOME> 85,918
<INTEREST-INCOME> 11,184
<OTHER-INCOME> 0
<EXPENSES-NET> (22,259)
<NET-INVESTMENT-INCOME> 74,843
<REALIZED-GAINS-CURRENT> (860)
<APPREC-INCREASE-CURRENT> 260,679
<NET-CHANGE-FROM-OPS> 334,662
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (6,617)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 801,876
<NUMBER-OF-SHARES-REDEEMED> (7,351)
<SHARES-REINVESTED> 557
<NET-CHANGE-IN-ASSETS> 9,190,172
<ACCUMULATED-NII-PRIOR> 6,576
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 17,049
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 47,878
<AVERAGE-NET-ASSETS> 6,905,777
<PER-SHARE-NAV-BEGIN> 10.245
<PER-SHARE-NII> 0.572
<PER-SHARE-GAIN-APPREC> 0.443
<PER-SHARE-DIVIDEND> (0.012)
<PER-SHARE-DISTRIBUTIONS> 0.000
<RETURNS-OF-CAPITAL> 0.000
<PER-SHARE-NAV-END> 11.248
<EXPENSE-RATIO> 0.65
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
