<PAGE> PAGE 1
000 A000000 09/30/98
000 C000000 0000791069
000 D000000 Y
000 E000000 NF
000 F000000 Y
000 G000000 N
000 H000000 N
000 I000000 3.0
000 J000000 A
001 A000000 VAN KAMPEN TRUST
001 B000000 811-4269
001 C000000 6306846000
002 A000000 1 PARKVIEW PLAZA
002 B000000 OAKBROOK TERRACE
002 C000000 IL
002 D010000 60181
003 000000 N
004 000000 N
005 000000 N
006 000000 N
007 A000000 Y
007 B000000 3
007 C010100 1
007 C020100 VAN KAMPEN HIGH YIELD FUND
007 C030100 N
007 C010200 2
007 C020200 VAN KAMPEN SHORT TERM GLOBAL INCOME FUND
007 C030200 N
007 C010300 3
007 C010400 4
007 C020400 VAN KAMPEN STRATEGIC INCOME FUND
007 C030400 N
007 C010500 5
007 C010600 6
007 C010700 7
007 C010800 8
007 C010900 9
007 C011000 10
008 A00AA01 VAN KAMPEN INVESTMENT ADVISORY CORP.
008 B00AA01 A
008 C00AA01 801-18161
008 D01AA01 OAKBROOK TERRACE
008 D02AA01 IL
008 D03AA01 60181
011 A00AA01 VAN KAMPEN FUNDS, INC.
011 B00AA01 8-19412
011 C01AA01 OAKBROOK TERRACE
011 C02AA01 IL
011 C03AA01 60181
012 A00AA01 VAN KAMPEN INVESTOR SERVICES INC.
012 B00AA01 84-01621
<PAGE> PAGE 2
012 C01AA01 KANSAS CITY
012 C02AA01 MO
012 C03AA01 64141
013 A00AA01 KPMG PEAT MARWICK LLP
013 B01AA01 CHICAGO
013 B02AA01 IL
013 B03AA01 60601
014 A00AA01 MORGAN STANLEY & CO., INCORPORATED
014 B00AA01 8-00733537
014 A00AA02 DEAN WITTER REYNOLDS, INC.
014 B00AA02 8-00728181
015 A00AA01 STATE STREET BANK AND TRUST COMPANY
015 B00AA01 C
015 C01AA01 BOSTON
015 C02AA01 MA
015 C03AA01 02105
015 E01AA01 X
018 00AA00 Y
019 A00AA00 Y
019 B00AA00 117
019 C00AA00 VANKAMPENF
020 C000001 0
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022 A000001 STATE STREET BANK & TRUST
022 B000001 04-1867445
022 C000001 1287919
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022 A000002 JP MORGAN
022 B000002 13-3224016
022 C000002 309198
022 D000002 14729
022 A000003 SBC WARBURG DILLON READ
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022 C000003 28917
022 D000003 4729
022 A000004 GOLDMAN SACHS
022 B000004 13-5108880
022 C000004 13943
022 D000004 4847
022 A000005 DONALDSON LUFKIN JENNRETTE
022 B000005 13-2741729
022 C000005 5853
<PAGE> PAGE 3
022 D000005 5800
022 A000006 ING BARING SECURITIES, INC.
022 C000006 8089
022 D000006 2010
022 A000007 SG COWEN SECS CORP
022 B000007 13-1976032
022 C000007 4523
022 D000007 5493
022 A000008 BANCO SANTANDER DE NEGOCIOS
022 B000008 13-3777308
022 C000008 5201
022 D000008 4140
022 A000009 BEAR STEARNS
022 B000009 13-3299429
022 C000009 5630
022 D000009 3153
022 A000010 BANK OF NEW YORK
022 B000010 13-5160382
022 C000010 1080
022 D000010 5405
023 C000000 1700037
023 D000000 84201
024 00AA00 N
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026 G020000 N
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037 00AA00 N
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039 00AA00 N
040 00AA00 Y
041 00AA00 Y
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<PAGE> PAGE 4
053 B00AA00 N
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054 A00AA00 Y
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054 C00AA00 N
054 D00AA00 N
054 E00AA00 N
054 F00AA00 N
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054 H00AA00 N
054 I00AA00 Y
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054 K00AA00 N
054 L00AA00 N
054 M00AA00 N
054 N00AA00 N
054 O00AA00 N
077 A000000 Y
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077 F000000 N
077 G000000 N
077 H000000 N
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077 L000000 N
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077 Q020000 N
077 Q030000 N
078 000000 N
080 A00AA00 ICI MUTUAL INSURANCE COMPANY
080 C00AA00 65000
081 A00AA00 Y
081 B00AA00 117
082 A00AA00 Y
082 B00AA00 100
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084 A00AA00 N
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085 B00AA00 N
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<PAGE> PAGE 5
086 B010000 0
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028 A010100 18227
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028 G020100 3622
028 G030100 0
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028 H000100 16635
029 000100 Y
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<PAGE> PAGE 6
042 A000100 0
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042 D000100 64
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048 C010100 0
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048 F010100 0
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048 I010100 0
048 I020100 0.000
048 J010100 0
048 J020100 0.000
048 K010100 500000
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055 A000100 Y
055 B000100 N
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<PAGE> PAGE 7
062 G000100 0.0
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062 O000100 0.0
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062 Q000100 15.7
062 R000100 1.0
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063 B000100 7.8
064 A000100 N
064 B000100 N
066 A000100 N
067 000100 N
068 A000100 N
068 B000100 N
069 000100 N
070 A010100 Y
070 A020100 Y
070 B010100 Y
070 B020100 N
070 C010100 Y
070 C020100 N
070 D010100 Y
070 D020100 N
070 E010100 Y
070 E020100 N
070 F010100 Y
070 F020100 N
070 G010100 Y
070 G020100 Y
070 H010100 Y
070 H020100 N
070 I010100 Y
070 I020100 N
070 J010100 Y
070 J020100 N
070 K010100 Y
070 K020100 N
070 L010100 Y
070 L020100 Y
070 M010100 Y
070 M020100 Y
070 N010100 Y
070 N020100 N
070 O010100 Y
070 O020100 N
<PAGE> PAGE 8
070 P010100 N
070 P020100 N
070 Q010100 N
070 Q020100 N
070 R010100 Y
070 R020100 N
071 A000100 131881
071 B000100 134549
071 C000100 390643
071 D000100 34
072 A000100 3
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072DD010100 5993
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072EE000100 0
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<PAGE> PAGE 9
074 E000100 3496
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074 K000100 0
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074 Q000100 0
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074 S000100 0
074 T000100 388532
074 U010100 28433
074 U020100 14266
074 V010100 8.86
074 V020100 8.86
074 W000100 0.0000
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075 B000100 421286
076 000100 0.00
028 A010200 2871
028 A020200 198
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028 B010200 4182
028 B020200 141
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<PAGE> PAGE 10
028 F030200 0
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028 H000200 9818
029 000200 Y
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030 C000200 0.00
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032 000200 0
033 000200 0
034 000200 Y
035 000200 1
036 A000200 Y
036 B000200 0
042 A000200 0
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042 D000200 60
042 E000200 0
042 F000200 0
042 G000200 0
042 H000200 0
043 000200 36
044 000200 0
045 000200 Y
046 000200 N
047 000200 Y
048 000200 0.550
048 A010200 0
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048 B010200 0
048 B020200 0.000
048 C010200 0
048 C020200 0.000
048 D010200 0
048 D020200 0.000
048 E010200 0
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048 F010200 0
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048 H020200 0.000
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<PAGE> PAGE 11
048 J010200 0
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048 K010200 0
048 K020200 0.000
055 A000200 N
055 B000200 N
056 000200 Y
057 000200 N
058 A000200 N
059 000200 Y
060 A000200 N
060 B000200 N
061 000200 500
062 A000200 Y
062 B000200 0.0
062 C000200 0.0
062 D000200 21.0
062 E000200 0.0
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062 G000200 0.0
062 H000200 0.0
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062 J000200 0.0
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062 M000200 0.0
062 N000200 2.3
062 O000200 0.0
062 P000200 34.5
062 Q000200 40.6
062 R000200 0.0
063 A000200 0
063 B000200 9.8
064 A000200 N
065 000200 N
066 A000200 N
067 000200 N
068 A000200 N
068 B000200 N
069 000200 N
070 A010200 Y
070 A020200 Y
070 B010200 N
070 B020200 N
070 C010200 Y
070 C020200 N
070 D010200 N
070 D020200 N
070 E010200 Y
070 E020200 N
070 F010200 N
<PAGE> PAGE 12
070 F020200 N
070 G010200 Y
070 G020200 N
070 H010200 N
070 H020200 N
070 I010200 N
070 I020200 N
070 J010200 Y
070 J020200 N
070 K010200 Y
070 K020200 N
070 L010200 Y
070 L020200 Y
070 M010200 Y
070 M020200 Y
070 N010200 Y
070 N020200 N
070 O010200 Y
070 O020200 N
070 P010200 N
070 P020200 N
070 Q010200 N
070 Q020200 N
070 R010200 N
070 R020200 N
071 A000200 5625
071 B000200 12149
071 C000200 52053
071 D000200 11
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<PAGE> PAGE 13
072 W000200 4
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072EE000200 0
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074 E000200 387
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076 000200 0.00
028 A010400 3503
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<PAGE> PAGE 14
028 A040400 2027
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029 000400 Y
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032 000400 56
033 000400 0
034 000400 Y
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036 A000400 Y
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042 E000400 0
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044 000400 0
045 000400 Y
046 000400 N
047 000400 Y
<PAGE> PAGE 15
048 000400 0.000
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048 K010400 1000000
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055 A000400 N
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056 000400 Y
057 000400 N
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<PAGE> PAGE 16
063 B000400 14.3
064 A000400 N
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<PAGE> PAGE 17
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<PAGE> PAGE 18
074 R010400 27905
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074 R030400 0
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075 A000400 0
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076 000400 0.00
SIGNATURE NICK DALMASO
TITLE ATTORNEY
NSAR ITEM 77O
VKAC High Yield Fund
10f-3 Transactions
<TABLE>
<CAPTION>
Underwriting # Underwriting Purchased From Amount of shares % of Date of
Purchased Underwriting Purchase
<S> <C> <C> <C> <C> <C>
1 Cablevision Bear Stearns 2,400,000 0.500% 12/05/97
2 United International Holdings, Inc Donaldson, Lufkin & 2,700,000 0.196% 01/30/98
Jenrette
3 Chesapeake Energy Corp. Donaldson, Lufkin & 2,000,000 0.400% 04/17/98
Jenrette
</TABLE>
Other Firms participating in Underwriting:
Underwriting for #1
- -------------------
Merrill Lynch, Pierce, Fenner & Smith Incorporated
Morgan Stanley & Co., Incorporated
Salomon Brothers Inc.
Underwriting for #2
- -------------------
Donaldson, Lufkin & Jenrette Securities Corporation
Merrill Lynch, Pierce, Fenner & Smith Incorporated
Morgan Stanley Dean Witter
TD Securities Inc.
Underwriting for #3
- -------------------
Morgan Stanley Dean Witter
Bear, Stearns & Co. Inc.
Lehman Brothers J.P. Morgan & Co.
<PAGE>
NSAR ITEM 770
VK Strategic Income Fund
10f-3 Transactions
<TABLE>
<CAPTION>
Underwriting # Underwriting Purchased From Amount of Shares % of Date of
Purchased Underwriting Purchase
<S> <C> <C> <C> <C> <C>
1 United International Donaldson, Lufkin & 250,000 0.018% 01/30/98
Holdings, Inc. Jenrette
2 Pan Am Set 5yr DLJ 1,500,000 0.750% 01/13/98
3 Pan Am Set 5yr DLJ 1,500,000 1.000% 01/13/98
4 Yorkshire Power Merrill Lynch 2,000,000 0.308% 02/19/98
Financial Limited
5 Yorkshire Power Merrill Lynch 5,000,000 0.769% 02/19/98
Financial Limited
6 Federal Mogul Corp. Bear Stearns 1,000,000 0.100% 06/25/98
</TABLE>
Other Firms Participating in Underwriting:
Underwriting for #1
Donaldson, Lufkin & Jenrette Securities Corporation
Merrill Lynch, Pierce, Fenner & Smith
Morgan Stanley Dean Witter
TD Securities (USA) Inc.
Underwriting for #2
Underwriting for #3
Underwriting for #4
Merrill Lynch, Pierce, Fenner & Smith
Salomon Brothers Inc
J.P. Morgan Securities Inc.
Morgan Stanley & Co. Incorporated
UBS Securities LLC
Underwriting for #5
Merrill Lynch, Pierce, Fenner & Smith
Salomon Brothers Inc
J.P. Morgan Securities Inc.
Morgan Stanley & Co. Incorporated
UBS Securities LLC
Underwriting for #6
Chase Securities Inc.
Bear, Stearns & Co. Inc.
Credit Suisse First Boston Corporation
Merrill Lynch, Pierce, Fenner & Smith Incorporated
Morgan Stanley & Co. Incorporated
BNY Capital Markets, Inc.
BancAmerica Robertson Stephens
Credit Lyonnais Securities (USA) Inc.
First Chicago Capital Markets, Inc.
First Union Capital Markets, a division of Wheat First Securities, Inc.
Scotia Capital Markets (USA) Inc.
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
<F1> This item relates to the Fund on a composite
basis and not on a class basis
</LEGEND>
<SERIES>
<NUMBER> 11
<NAME> HIGH YIELD CLASS A
<MULTIPLIER> 1
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> MAR-31-1999 <F1>
<PERIOD-START> JUL-01-1998 <F1>
<PERIOD-END> SEP-30-1998 <F1>
<INVESTMENTS-AT-COST> 417,899,183 <F1>
<INVESTMENTS-AT-VALUE> 382,160,678 <F1>
<RECEIVABLES> 13,031,892 <F1>
<ASSETS-OTHER> 0 <F1>
<OTHER-ITEMS-ASSETS> 14,510 <F1>
<TOTAL-ASSETS> 395,207,080 <F1>
<PAYABLE-FOR-SECURITIES> 2,921,250 <F1>
<SENIOR-LONG-TERM-DEBT> 0 <F1>
<OTHER-ITEMS-LIABILITIES> 3,754,274 <F1>
<TOTAL-LIABILITIES> 6,675,524 <F1>
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 370,348,559
<SHARES-COMMON-STOCK> 28,433,232
<SHARES-COMMON-PRIOR> 28,360,164
<ACCUMULATED-NII-CURRENT> (2,668,387)<F1>
<OVERDISTRIBUTION-NII> 0 <F1>
<ACCUMULATED-NET-GAINS> (91,396,008)<F1>
<OVERDISTRIBUTION-GAINS> 0 <F1>
<ACCUM-APPREC-OR-DEPREC> (36,490,273)<F1>
<NET-ASSETS> 252,009,687
<DIVIDEND-INCOME> 92,450 <F1>
<INTEREST-INCOME> 9,375,164 <F1>
<OTHER-INCOME> 127,579 <F1>
<EXPENSES-NET> (1,529,579)<F1>
<NET-INVESTMENT-INCOME> 8,065,614 <F1>
<REALIZED-GAINS-CURRENT> (5,281,850)<F1>
<APPREC-INCREASE-CURRENT> (39,456,291)<F1>
<NET-CHANGE-FROM-OPS> (36,672,527)<F1>
<EQUALIZATION> 0 <F1>
<DISTRIBUTIONS-OF-INCOME> (5,993,251)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 1,731,165
<NUMBER-OF-SHARES-REDEEMED> (1,920,153)
<SHARES-REINVESTED> 262,056
<NET-CHANGE-IN-ASSETS> (28,556,227)
<ACCUMULATED-NII-PRIOR> (1,685,377)<F1>
<ACCUMULATED-GAINS-PRIOR> (86,114,158)<F1>
<OVERDISTRIB-NII-PRIOR> 0 <F1>
<OVERDIST-NET-GAINS-PRIOR> 0 <F1>
<GROSS-ADVISORY-FEES> 797,054 <F1>
<INTEREST-EXPENSE> 0 <F1>
<GROSS-EXPENSE> 1,635,853 <F1>
<AVERAGE-NET-ASSETS> 270,341,376
<PER-SHARE-NAV-BEGIN> 9.893
<PER-SHARE-NII> 0.188
<PER-SHARE-GAIN-APPREC> (1.008)
<PER-SHARE-DIVIDEND> (0.210)
<PER-SHARE-DISTRIBUTIONS> 0.000
<RETURNS-OF-CAPITAL> 0.000
<PER-SHARE-NAV-END> 8.863
<EXPENSE-RATIO> 1.17
<AVG-DEBT-OUTSTANDING> 0 <F1>
<AVG-DEBT-PER-SHARE> 0 <F1>
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
<F1> This item relates to the Fund on a composite
basis and not on a class basis
</LEGEND>
<SERIES>
<NUMBER> 12
<NAME> HIGH YIELD CLASS B
<MULTIPLIER> 1
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> MAR-31-1999 <F1>
<PERIOD-START> JUL-01-1998 <F1>
<PERIOD-END> SEP-30-1998 <F1>
<INVESTMENTS-AT-COST> 417,899,183 <F1>
<INVESTMENTS-AT-VALUE> 382,160,678 <F1>
<RECEIVABLES> 13,031,892 <F1>
<ASSETS-OTHER> 0 <F1>
<OTHER-ITEMS-ASSETS> 14,510 <F1>
<TOTAL-ASSETS> 395,207,080 <F1>
<PAYABLE-FOR-SECURITIES> 2,921,250 <F1>
<SENIOR-LONG-TERM-DEBT> 0 <F1>
<OTHER-ITEMS-LIABILITIES> 3,754,274 <F1>
<TOTAL-LIABILITIES> 6,675,524 <F1>
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 137,580,291
<SHARES-COMMON-STOCK> 14,266,061
<SHARES-COMMON-PRIOR> 14,662,143
<ACCUMULATED-NII-CURRENT> (2,668,387)<F1>
<OVERDISTRIBUTION-NII> 0 <F1>
<ACCUMULATED-NET-GAINS> (91,396,008)<F1>
<OVERDISTRIBUTION-GAINS> 0 <F1>
<ACCUM-APPREC-OR-DEPREC> (36,490,273)<F1>
<NET-ASSETS> 126,398,260
<DIVIDEND-INCOME> 92,450 <F1>
<INTEREST-INCOME> 9,375,164 <F1>
<OTHER-INCOME> 127,579 <F1>
<EXPENSES-NET> (1,529,579)<F1>
<NET-INVESTMENT-INCOME> 8,065,614 <F1>
<REALIZED-GAINS-CURRENT> (5,281,850)<F1>
<APPREC-INCREASE-CURRENT> (39,456,291)<F1>
<NET-CHANGE-FROM-OPS> (36,672,527)<F1>
<EQUALIZATION> 0 <F1>
<DISTRIBUTIONS-OF-INCOME> (2,828,879)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 1,308,884
<NUMBER-OF-SHARES-REDEEMED> (1,821,702)
<SHARES-REINVESTED> 116,736
<NET-CHANGE-IN-ASSETS> (18,604,984)
<ACCUMULATED-NII-PRIOR> (1,685,377)<F1>
<ACCUMULATED-GAINS-PRIOR> (86,114,158)<F1>
<OVERDISTRIB-NII-PRIOR> 0 <F1>
<OVERDIST-NET-GAINS-PRIOR> 0 <F1>
<GROSS-ADVISORY-FEES> 797,054 <F1>
<INTEREST-EXPENSE> 0 <F1>
<GROSS-EXPENSE> 1,635,853 <F1>
<AVERAGE-NET-ASSETS> 139,761,826
<PER-SHARE-NAV-BEGIN> 9.890
<PER-SHARE-NII> 0.169
<PER-SHARE-GAIN-APPREC> (1.007)
<PER-SHARE-DIVIDEND> (0.192)
<PER-SHARE-DISTRIBUTIONS> 0.000
<RETURNS-OF-CAPITAL> 0.000
<PER-SHARE-NAV-END> 8.860
<EXPENSE-RATIO> 1.93
<AVG-DEBT-OUTSTANDING> 0 <F1>
<AVG-DEBT-PER-SHARE> 0 <F1>
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
<F1> This item relates to the Fund on a composite
basis and not on a class basis
</LEGEND>
<SERIES>
<NUMBER> 13
<NAME> HIGH YIELD CLASS C
<MULTIPLIER> 1
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> MAR-31-1999 <F1>
<PERIOD-START> JUL-01-1998 <F1>
<PERIOD-END> SEP-30-1998 <F1>
<INVESTMENTS-AT-COST> 417,899,183 <F1>
<INVESTMENTS-AT-VALUE> 382,160,678 <F1>
<RECEIVABLES> 13,031,892 <F1>
<ASSETS-OTHER> 0 <F1>
<OTHER-ITEMS-ASSETS> 14,510 <F1>
<TOTAL-ASSETS> 395,207,080 <F1>
<PAYABLE-FOR-SECURITIES> 2,921,250 <F1>
<SENIOR-LONG-TERM-DEBT> 0 <F1>
<OTHER-ITEMS-LIABILITIES> 3,754,274 <F1>
<TOTAL-LIABILITIES> 6,675,524 <F1>
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 11,157,374
<SHARES-COMMON-STOCK> 1,143,466
<SHARES-COMMON-PRIOR> 1,162,594
<ACCUMULATED-NII-CURRENT> (2,668,387)<F1>
<OVERDISTRIBUTION-NII> 0 <F1>
<ACCUMULATED-NET-GAINS> (91,396,008)<F1>
<OVERDISTRIBUTION-GAINS> 0 <F1>
<ACCUM-APPREC-OR-DEPREC> (36,490,273)<F1>
<NET-ASSETS> 10,123,609
<DIVIDEND-INCOME> 92,450 <F1>
<INTEREST-INCOME> 9,375,164 <F1>
<OTHER-INCOME> 127,579 <F1>
<EXPENSES-NET> (1,529,579)<F1>
<NET-INVESTMENT-INCOME> 8,065,614 <F1>
<REALIZED-GAINS-CURRENT> (5,281,850)<F1>
<APPREC-INCREASE-CURRENT> (39,456,291)<F1>
<NET-CHANGE-FROM-OPS> (36,672,527)<F1>
<EQUALIZATION> 0 <F1>
<DISTRIBUTIONS-OF-INCOME> (226,494)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 110,608
<NUMBER-OF-SHARES-REDEEMED> (142,713)
<SHARES-REINVESTED> 12,977
<NET-CHANGE-IN-ASSETS> (1,367,304)
<ACCUMULATED-NII-PRIOR> (1,685,377)<F1>
<ACCUMULATED-GAINS-PRIOR> (86,114,158)<F1>
<OVERDISTRIB-NII-PRIOR> 0 <F1>
<OVERDIST-NET-GAINS-PRIOR> 0 <F1>
<GROSS-ADVISORY-FEES> 797,054 <F1>
<INTEREST-EXPENSE> 0 <F1>
<GROSS-EXPENSE> 1,635,853 <F1>
<AVERAGE-NET-ASSETS> 11,182,829
<PER-SHARE-NAV-BEGIN> 9.884
<PER-SHARE-NII> 0.168
<PER-SHARE-GAIN-APPREC> (1.007)
<PER-SHARE-DIVIDEND> (0.192)
<PER-SHARE-DISTRIBUTIONS> 0.000
<RETURNS-OF-CAPITAL> 0.000
<PER-SHARE-NAV-END> 8.853
<EXPENSE-RATIO> 1.93
<AVG-DEBT-OUTSTANDING> 0 <F1>
<AVG-DEBT-PER-SHARE> 0 <F1>
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
<F1> This item relates to the Fund on a composite
basis and not on a class basis
</LEGEND>
<SERIES>
<NUMBER> 21
<NAME> S-T GBL CLASS A
<MULTIPLIER> 1
<S> <C>
<PERIOD-TYPE> 3-MOS
<FISCAL-YEAR-END> MAR-31-1998
<PERIOD-START> JUL-01-1998
<PERIOD-END> SEP-30-1998
<INVESTMENTS-AT-COST> 62,203,440 <F1>
<INVESTMENTS-AT-VALUE> 58,179,339 <F1>
<RECEIVABLES> 1,910,713 <F1>
<ASSETS-OTHER> 412 <F1>
<OTHER-ITEMS-ASSETS> 41,854 <F1>
<TOTAL-ASSETS> 60,132,318 <F1>
<PAYABLE-FOR-SECURITIES> 0 <F1>
<SENIOR-LONG-TERM-DEBT> 0 <F1>
<OTHER-ITEMS-LIABILITIES> 1,026,643 <F1>
<TOTAL-LIABILITIES> 1,026,643 <F1>
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 76,003,925
<SHARES-COMMON-STOCK> 7,232,021
<SHARES-COMMON-PRIOR> 6,222,565
<ACCUMULATED-NII-CURRENT> (1,968,293)<F1>
<OVERDISTRIBUTION-NII> 0 <F1>
<ACCUMULATED-NET-GAINS> (64,144,788)<F1>
<OVERDISTRIBUTION-GAINS> 0 <F1>
<ACCUM-APPREC-OR-DEPREC> (4,603,598)<F1>
<NET-ASSETS> 50,645,061
<DIVIDEND-INCOME> 8,829 <F1>
<INTEREST-INCOME> 1,213,443 <F1>
<OTHER-INCOME> 0 <F1>
<EXPENSES-NET> (272,919)<F1>
<NET-INVESTMENT-INCOME> 949,353 <F1>
<REALIZED-GAINS-CURRENT> (802,224)<F1>
<APPREC-INCREASE-CURRENT> (2,186,619)<F1>
<NET-CHANGE-FROM-OPS> (2,039,490)<F1>
<EQUALIZATION> 0 <F1>
<DISTRIBUTIONS-OF-INCOME> (725,942)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 1,374,551
<NUMBER-OF-SHARES-REDEEMED> (418,208)
<SHARES-REINVESTED> 53,113
<NET-CHANGE-IN-ASSETS> 4,919,536
<ACCUMULATED-NII-PRIOR> (1,985,847)<F1>
<ACCUMULATED-GAINS-PRIOR> (63,342,564)<F1>
<OVERDISTRIB-NII-PRIOR> 0 <F1>
<OVERDIST-NET-GAINS-PRIOR> 0 <F1>
<GROSS-ADVISORY-FEES> 86,636 <F1>
<INTEREST-EXPENSE> 0 <F1>
<GROSS-EXPENSE> 272,919 <F1>
<AVERAGE-NET-ASSETS> 47,060,475
<PER-SHARE-NAV-BEGIN> 7.350
<PER-SHARE-NII> 0.120
<PER-SHARE-GAIN-APPREC> (0.360)
<PER-SHARE-DIVIDEND> (0.110)
<PER-SHARE-DISTRIBUTIONS> 0.000
<RETURNS-OF-CAPITAL> 0.000
<PER-SHARE-NAV-END> 7.000
<EXPENSE-RATIO> 1.55
<AVG-DEBT-OUTSTANDING> 0 <F1>
<AVG-DEBT-PER-SHARE> 0 <F1>
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
<F1> This item relates to the Fund on a composite
basis and not on a class basis
</LEGEND>
<SERIES>
<NUMBER> 22
<NAME> S-T GBL CLASS B
<MULTIPLIER> 1
<S> <C>
<PERIOD-TYPE> 3-MOS
<FISCAL-YEAR-END> MAR-31-1998
<PERIOD-START> JUL-01-1998
<PERIOD-END> SEP-30-1998
<INVESTMENTS-AT-COST> 62,203,440 <F1>
<INVESTMENTS-AT-VALUE> 58,179,339 <F1>
<RECEIVABLES> 1,910,713 <F1>
<ASSETS-OTHER> 412 <F1>
<OTHER-ITEMS-ASSETS> 41,854 <F1>
<TOTAL-ASSETS> 60,132,318 <F1>
<PAYABLE-FOR-SECURITIES> 0 <F1>
<SENIOR-LONG-TERM-DEBT> 0 <F1>
<OTHER-ITEMS-LIABILITIES> 1,026,643 <F1>
<TOTAL-LIABILITIES> 1,026,643 <F1>
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 53,444,452
<SHARES-COMMON-STOCK> 1,158,595
<SHARES-COMMON-PRIOR> 2,661,333
<ACCUMULATED-NII-CURRENT> (1,968,293)<F1>
<OVERDISTRIBUTION-NII> 0 <F1>
<ACCUMULATED-NET-GAINS> (64,144,788)<F1>
<OVERDISTRIBUTION-GAINS> 0 <F1>
<ACCUM-APPREC-OR-DEPREC> (4,603,598)<F1>
<NET-ASSETS> 8,112,545
<DIVIDEND-INCOME> 8,829 <F1>
<INTEREST-INCOME> 1,213,443 <F1>
<OTHER-INCOME> 0 <F1>
<EXPENSES-NET> (272,919)<F1>
<NET-INVESTMENT-INCOME> 949,353 <F1>
<REALIZED-GAINS-CURRENT> (802,224)<F1>
<APPREC-INCREASE-CURRENT> (2,186,619)<F1>
<NET-CHANGE-FROM-OPS> (2,039,490)<F1>
<EQUALIZATION> 0 <F1>
<DISTRIBUTIONS-OF-INCOME> (201,504)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 22,397
<NUMBER-OF-SHARES-REDEEMED> (1,538,593)
<SHARES-REINVESTED> 13,458
<NET-CHANGE-IN-ASSETS> (11,439,284)
<ACCUMULATED-NII-PRIOR> (1,985,847)<F1>
<ACCUMULATED-GAINS-PRIOR> (63,342,564)<F1>
<OVERDISTRIB-NII-PRIOR> 0 <F1>
<OVERDIST-NET-GAINS-PRIOR> 0 <F1>
<GROSS-ADVISORY-FEES> 86,636 <F1>
<INTEREST-EXPENSE> 0 <F1>
<GROSS-EXPENSE> 272,919 <F1>
<AVERAGE-NET-ASSETS> 15,075,009
<PER-SHARE-NAV-BEGIN> 7.350
<PER-SHARE-NII> 0.120
<PER-SHARE-GAIN-APPREC> (0.370)
<PER-SHARE-DIVIDEND> (0.100)
<PER-SHARE-DISTRIBUTIONS> 0.000
<RETURNS-OF-CAPITAL> 0.000
<PER-SHARE-NAV-END> 7.000
<EXPENSE-RATIO> 2.30
<AVG-DEBT-OUTSTANDING> 0 <F1>
<AVG-DEBT-PER-SHARE> 0 <F1>
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
<F1> This item relates to the Fund on a composite
basis and not on a class basis
</LEGEND>
<SERIES>
<NUMBER> 23
<NAME> S-T GBL CLASS C
<MULTIPLIER> 1
<S> <C>
<PERIOD-TYPE> 3-MOS
<FISCAL-YEAR-END> MAR-31-1998
<PERIOD-START> JUL-01-1998
<PERIOD-END> SEP-30-1998
<INVESTMENTS-AT-COST> 62,203,440 <F1>
<INVESTMENTS-AT-VALUE> 58,179,339 <F1>
<RECEIVABLES> 1,910,713 <F1>
<ASSETS-OTHER> 412 <F1>
<OTHER-ITEMS-ASSETS> 41,854 <F1>
<TOTAL-ASSETS> 60,132,318 <F1>
<PAYABLE-FOR-SECURITIES> 0 <F1>
<SENIOR-LONG-TERM-DEBT> 0 <F1>
<OTHER-ITEMS-LIABILITIES> 1,026,643 <F1>
<TOTAL-LIABILITIES> 1,026,643 <F1>
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 373,977
<SHARES-COMMON-STOCK> 49,698
<SHARES-COMMON-PRIOR> 45,275
<ACCUMULATED-NII-CURRENT> (1,968,293)<F1>
<OVERDISTRIBUTION-NII> 0 <F1>
<ACCUMULATED-NET-GAINS> (64,144,788)<F1>
<OVERDISTRIBUTION-GAINS> 0 <F1>
<ACCUM-APPREC-OR-DEPREC> (4,603,598)<F1>
<NET-ASSETS> 348,069
<DIVIDEND-INCOME> 8,829 <F1>
<INTEREST-INCOME> 1,213,443 <F1>
<OTHER-INCOME> 0 <F1>
<EXPENSES-NET> (272,919)<F1>
<NET-INVESTMENT-INCOME> 949,353 <F1>
<REALIZED-GAINS-CURRENT> (802,224)<F1>
<APPREC-INCREASE-CURRENT> (2,186,619)<F1>
<NET-CHANGE-FROM-OPS> (2,039,490)<F1>
<EQUALIZATION> 0 <F1>
<DISTRIBUTIONS-OF-INCOME> (4,353)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 8,054
<NUMBER-OF-SHARES-REDEEMED> (4,239)
<SHARES-REINVESTED> 608
<NET-CHANGE-IN-ASSETS> 15,412
<ACCUMULATED-NII-PRIOR> (1,985,847)<F1>
<ACCUMULATED-GAINS-PRIOR> (63,342,564)<F1>
<OVERDISTRIB-NII-PRIOR> 0 <F1>
<OVERDIST-NET-GAINS-PRIOR> 0 <F1>
<GROSS-ADVISORY-FEES> 86,636 <F1>
<INTEREST-EXPENSE> 0 <F1>
<GROSS-EXPENSE> 272,919 <F1>
<AVERAGE-NET-ASSETS> 325,787
<PER-SHARE-NAV-BEGIN> 7.350
<PER-SHARE-NII> 0.100
<PER-SHARE-GAIN-APPREC> (0.350)
<PER-SHARE-DIVIDEND> (0.100)
<PER-SHARE-DISTRIBUTIONS> 0.000
<RETURNS-OF-CAPITAL> 0.000
<PER-SHARE-NAV-END> 7.000
<EXPENSE-RATIO> 2.31
<AVG-DEBT-OUTSTANDING> 0 <F1>
<AVG-DEBT-PER-SHARE> 0 <F1>
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
<F1> This item relates to the Fund on a composite
basis and not on a class basis
</LEGEND>
<SERIES>
<NUMBER> 41
<NAME> STRAT INC CLASS A
<MULTIPLIER> 1
<S> <C>
<PERIOD-TYPE> 3-MOS
<FISCAL-YEAR-END> MAR-31-1999 <F1>
<PERIOD-START> JUL-01-1998 <F1>
<PERIOD-END> SEP-30-1998 <F1>
<INVESTMENTS-AT-COST> 171,393,274 <F1>
<INVESTMENTS-AT-VALUE> 162,628,240 <F1>
<RECEIVABLES> 6,988,886 <F1>
<ASSETS-OTHER> 9,119 <F1>
<OTHER-ITEMS-ASSETS> 915,915 <F1>
<TOTAL-ASSETS> 170,542,160 <F1>
<PAYABLE-FOR-SECURITIES> 2,692,882 <F1>
<SENIOR-LONG-TERM-DEBT> 52,963,633 <F1>
<OTHER-ITEMS-LIABILITIES> 1,762,643 <F1>
<TOTAL-LIABILITIES> 57,419,158 <F1>
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 48,627,130
<SHARES-COMMON-STOCK> 3,751,582
<SHARES-COMMON-PRIOR> 3,688,102
<ACCUMULATED-NII-CURRENT> (1,988,665)<F1>
<OVERDISTRIBUTION-NII> 0 <F1>
<ACCUMULATED-NET-GAINS> (8,558,713)<F1>
<OVERDISTRIBUTION-GAINS> 0 <F1>
<ACCUM-APPREC-OR-DEPREC> (10,660,532)<F1>
<NET-ASSETS> 41,092,317
<DIVIDEND-INCOME> 116,437 <F1>
<INTEREST-INCOME> 3,385,036 <F1>
<OTHER-INCOME> 0 <F1>
<EXPENSES-NET> (1,294,393)<F1>
<NET-INVESTMENT-INCOME> 2,207,080 <F1>
<REALIZED-GAINS-CURRENT> (4,276,590)<F1>
<APPREC-INCREASE-CURRENT> (9,483,844)<F1>
<NET-CHANGE-FROM-OPS> (11,553,354)<F1>
<EQUALIZATION> 0 <F1>
<DISTRIBUTIONS-OF-INCOME> (885,254)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 322,008
<NUMBER-OF-SHARES-REDEEMED> (294,632)
<SHARES-REINVESTED> 36,104
<NET-CHANGE-IN-ASSETS> (4,218,543)
<ACCUMULATED-NII-PRIOR> (1,909,557)<F1>
<ACCUMULATED-GAINS-PRIOR> (4,282,123)<F1>
<OVERDISTRIB-NII-PRIOR> 0 <F1>
<OVERDIST-NET-GAINS-PRIOR> 0 <F1>
<GROSS-ADVISORY-FEES> 326,880 <F1>
<INTEREST-EXPENSE> 664,742 <F1>
<GROSS-EXPENSE> 1,389,810 <F1>
<AVERAGE-NET-ASSETS> 43,610,649
<PER-SHARE-NAV-BEGIN> 12.286
<PER-SHARE-NII> 0.228
<PER-SHARE-GAIN-APPREC> (1.324)
<PER-SHARE-DIVIDEND> (0.237)
<PER-SHARE-DISTRIBUTIONS> 0.000
<RETURNS-OF-CAPITAL> 0.000
<PER-SHARE-NAV-END> 10.953
<EXPENSE-RATIO> 3.79
<AVG-DEBT-OUTSTANDING> 52,435,700 <F1>
<AVG-DEBT-PER-SHARE> 5.1 <F1>
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
<F1> This item relates to the Fund on a composite
basis and not on a class basis
</LEGEND>
<SERIES>
<NUMBER> 42
<NAME> STRAT INC CLASS B
<MULTIPLIER> 1
<S> <C>
<PERIOD-TYPE> 3-MOS
<FISCAL-YEAR-END> MAR-31-1999 <F1>
<PERIOD-START> JUL-01-1998 <F1>
<PERIOD-END> SEP-30-1998 <F1>
<INVESTMENTS-AT-COST> 171,393,274 <F1>
<INVESTMENTS-AT-VALUE> 162,628,240 <F1>
<RECEIVABLES> 6,988,886 <F1>
<ASSETS-OTHER> 9,119 <F1>
<OTHER-ITEMS-ASSETS> 915,915 <F1>
<TOTAL-ASSETS> 170,542,160 <F1>
<PAYABLE-FOR-SECURITIES> 2,692,882 <F1>
<SENIOR-LONG-TERM-DEBT> 52,963,633 <F1>
<OTHER-ITEMS-LIABILITIES> 1,762,643 <F1>
<TOTAL-LIABILITIES> 57,419,158 <F1>
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 81,066,690
<SHARES-COMMON-STOCK> 6,220,366
<SHARES-COMMON-PRIOR> 6,201,916
<ACCUMULATED-NII-CURRENT> (1,988,665)<F1>
<OVERDISTRIBUTION-NII> 0 <F1>
<ACCUMULATED-NET-GAINS> (8,558,713)<F1>
<OVERDISTRIBUTION-GAINS> 0 <F1>
<ACCUM-APPREC-OR-DEPREC> (10,660,532)<F1>
<NET-ASSETS> 68,144,189
<DIVIDEND-INCOME> 116,437 <F1>
<INTEREST-INCOME> 3,385,036 <F1>
<OTHER-INCOME> 0 <F1>
<EXPENSES-NET> (1,294,393)<F1>
<NET-INVESTMENT-INCOME> 2,207,080 <F1>
<REALIZED-GAINS-CURRENT> (4,276,590)<F1>
<APPREC-INCREASE-CURRENT> (9,483,844)<F1>
<NET-CHANGE-FROM-OPS> (11,553,354)<F1>
<EQUALIZATION> 0 <F1>
<DISTRIBUTIONS-OF-INCOME> (1,329,166)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 369,381
<NUMBER-OF-SHARES-REDEEMED> (401,265)
<SHARES-REINVESTED> 50,334
<NET-CHANGE-IN-ASSETS> (8,054,879)
<ACCUMULATED-NII-PRIOR> (1,909,557)<F1>
<ACCUMULATED-GAINS-PRIOR> (4,282,123)<F1>
<OVERDISTRIB-NII-PRIOR> 0 <F1>
<OVERDIST-NET-GAINS-PRIOR> 0 <F1>
<GROSS-ADVISORY-FEES> 326,880 <F1>
<INTEREST-EXPENSE> 664,742 <F1>
<GROSS-EXPENSE> 1,389,810 <F1>
<AVERAGE-NET-ASSETS> 72,717,745
<PER-SHARE-NAV-BEGIN> 12.286
<PER-SHARE-NII> 0.205
<PER-SHARE-GAIN-APPREC> (1.323)
<PER-SHARE-DIVIDEND> (0.213)
<PER-SHARE-DISTRIBUTIONS> 0.000
<RETURNS-OF-CAPITAL> 0.000
<PER-SHARE-NAV-END> 10.955
<EXPENSE-RATIO> 4.55
<AVG-DEBT-OUTSTANDING> 52,435,700 <F1>
<AVG-DEBT-PER-SHARE> 5.1 <F1>
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
<F1> This item relates to the Fund on a composite
basis and not on a class basis
</LEGEND>
<SERIES>
<NUMBER> 43
<NAME> STRAT INC CLASS C
<MULTIPLIER> 1
<S> <C>
<PERIOD-TYPE> 3-MOS
<FISCAL-YEAR-END> MAR-31-1999 <F1>
<PERIOD-START> JUL-01-1998 <F1>
<PERIOD-END> SEP-30-1998 <F1>
<INVESTMENTS-AT-COST> 171,393,274 <F1>
<INVESTMENTS-AT-VALUE> 162,628,240 <F1>
<RECEIVABLES> 6,988,886 <F1>
<ASSETS-OTHER> 9,119 <F1>
<OTHER-ITEMS-ASSETS> 915,915 <F1>
<TOTAL-ASSETS> 170,542,160 <F1>
<PAYABLE-FOR-SECURITIES> 2,692,882 <F1>
<SENIOR-LONG-TERM-DEBT> 52,963,633 <F1>
<OTHER-ITEMS-LIABILITIES> 1,762,643 <F1>
<TOTAL-LIABILITIES> 57,419,158 <F1>
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 4,637,092
<SHARES-COMMON-STOCK> 355,169
<SHARES-COMMON-PRIOR> 314,039
<ACCUMULATED-NII-CURRENT> (1,988,665)<F1>
<OVERDISTRIBUTION-NII> 0 <F1>
<ACCUMULATED-NET-GAINS> (8,558,713)<F1>
<OVERDISTRIBUTION-GAINS> 0 <F1>
<ACCUM-APPREC-OR-DEPREC> (10,660,532)<F1>
<NET-ASSETS> 3,886,496
<DIVIDEND-INCOME> 116,437 <F1>
<INTEREST-INCOME> 3,385,036 <F1>
<OTHER-INCOME> 0 <F1>
<EXPENSES-NET> (1,294,393)<F1>
<NET-INVESTMENT-INCOME> 2,207,080 <F1>
<REALIZED-GAINS-CURRENT> (4,276,590)<F1>
<APPREC-INCREASE-CURRENT> (9,483,844)<F1>
<NET-CHANGE-FROM-OPS> (11,553,354)<F1>
<EQUALIZATION> 0 <F1>
<DISTRIBUTIONS-OF-INCOME> (71,768)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 83,320
<NUMBER-OF-SHARES-REDEEMED> (46,528)
<SHARES-REINVESTED> 4,338
<NET-CHANGE-IN-ASSETS> 32,123
<ACCUMULATED-NII-PRIOR> (1,909,557)<F1>
<ACCUMULATED-GAINS-PRIOR> (4,282,123)<F1>
<OVERDISTRIB-NII-PRIOR> 0 <F1>
<OVERDIST-NET-GAINS-PRIOR> 0 <F1>
<GROSS-ADVISORY-FEES> 326,880 <F1>
<INTEREST-EXPENSE> 664,742 <F1>
<GROSS-EXPENSE> 1,389,810 <F1>
<AVERAGE-NET-ASSETS> 3,941,485
<PER-SHARE-NAV-BEGIN> 12.274
<PER-SHARE-NII> 0.202
<PER-SHARE-GAIN-APPREC> (1.320)
<PER-SHARE-DIVIDEND> (0.213)
<PER-SHARE-DISTRIBUTIONS> 0.000
<RETURNS-OF-CAPITAL> 0.000
<PER-SHARE-NAV-END> 10.943
<EXPENSE-RATIO> 4.52
<AVG-DEBT-OUTSTANDING> 52,435,700 <F1>
<AVG-DEBT-PER-SHARE> 5.1 <F1>
</TABLE>
