<PAGE> PAGE 1
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<PAGE> PAGE 2
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<PAGE> PAGE 3
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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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SIGNATURE DENNIS J MCDONNELL
TITLE PRES, CEO & TRUSTEE
The Board of Trustees and Shareholders of
Van Kampen Merritt Growth and Income Fund:
In Planning and performing our audit of the financial statements of Van Kampen
Merritt Growth and Income Fund (the "Fund") for the year ended June 30, 1995,
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 become 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 June 30, 1995.
This report is intended solely for the information and use of management and
the Securities and Exchange Commission.
July 24, 1995
The Board of Trustees and Shareholders of
Van Kampen Merritt Utility Fund:
In Planning and performing our audit of the financial statements of Van Kampen
Merritt Utility Fund (the "Fund") for the year ended June 30, 1995, 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 become 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 June 30, 1995.
This report is intended solely for the information and use of management and
the Securities and Exchange Commission.
July 24, 1995
The Board of Trustees and Shareholders of
Van Kampen Merritt Balanced Fund:
In Planning and performing our audit of the financial statements of Van Kampen
Merritt Balanced Fund (the "Fund") for the year ended June 30, 1995, 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 become 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 June 30, 1995.
This report is intended solely for the information and use of management and
the Securities and Exchange Commission.
July 27, 1995
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 1
<NAME> Growth & Income
<CAPTION>
<S> <C>
<PERIOD-TYPE> YEAR
<FISCAL-YEAR-END> JUN-30-1995
<PERIOD-START> JUL-01-1994
<PERIOD-END> JUN-30-1995
<INVESTMENTS-AT-COST> 82560076<F1>
<INVESTMENTS-AT-VALUE> 88847041<F1>
<RECEIVABLES> 538432<F1>
<ASSETS-OTHER> 3753<F1>
<OTHER-ITEMS-ASSETS> 96590<F1>
<TOTAL-ASSETS> 89485816<F1>
<PAYABLE-FOR-SECURITIES> 933619<F1>
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 433062<F1>
<TOTAL-LIABILITIES> 1366681<F1>
<SENIOR-EQUITY> 0<F1>
<PAID-IN-CAPITAL-COMMON> 44925340
<SHARES-COMMON-STOCK> 2577639
<SHARES-COMMON-PRIOR> 2626362
<ACCUMULATED-NII-CURRENT> 523772<F1>
<OVERDISTRIBUTION-NII> 0<F1>
<ACCUMULATED-NET-GAINS> 2836722<F1>
<OVERDISTRIBUTION-GAINS> 0<F1>
<ACCUM-APPREC-OR-DEPREC> 6286965<F1>
<NET-ASSETS> 52541240
<DIVIDEND-INCOME> 1672394<F1>
<INTEREST-INCOME> 474572<F1>
<OTHER-INCOME> 0<F1>
<EXPENSES-NET> (1348265)<F1>
<NET-INVESTMENT-INCOME> 798701<F1>
<REALIZED-GAINS-CURRENT> 2837606<F1>
<APPREC-INCREASE-CURRENT> 9340787<F1>
<NET-CHANGE-FROM-OPS> 12977094<F1>
<EQUALIZATION> 58981<F1>
<DISTRIBUTIONS-OF-INCOME> (732681)<F1>
<DISTRIBUTIONS-OF-GAINS> (245209)<F1>
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 496242
<NUMBER-OF-SHARES-REDEEMED> (595540)
<SHARES-REINVESTED> 50575
<NET-CHANGE-IN-ASSETS> 6059204
<ACCUMULATED-NII-PRIOR> 658391<F1>
<ACCUMULATED-GAINS-PRIOR> 399510<F1>
<OVERDISTRIB-NII-PRIOR> 0<F1>
<OVERDIST-NET-GAINS-PRIOR> 0<F1>
<GROSS-ADVISORY-FEES> 489062<F1>
<INTEREST-EXPENSE> 0<F1>
<GROSS-EXPENSE> 1348265<F1>
<AVERAGE-NET-ASSETS> 50097110
<PER-SHARE-NAV-BEGIN> 17698
<PER-SHARE-NII> .237
<PER-SHARE-GAIN-APPREC> 2.811
<PER-SHARE-DIVIDEND> (.274)
<PER-SHARE-DISTRIBUTIONS> (.089)
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 20.383
<EXPENSE-RATIO> 1.38
<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>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 1
<NAME> Growth & Income
<CAPTION>
<S> <C>
<PERIOD-TYPE> YEAR
<FISCAL-YEAR-END> JUN-30-1995
<PERIOD-START> JUL-01-1994
<PERIOD-END> JUN-30-1995
<INVESTMENTS-AT-COST> 82560076<F1>
<INVESTMENTS-AT-VALUE> 88847041<F1>
<RECEIVABLES> 538432<F1>
<ASSETS-OTHER> 3753<F1>
<OTHER-ITEMS-ASSETS> 96590<F1>
<TOTAL-ASSETS> 89485816<F1>
<PAYABLE-FOR-SECURITIES> 933619<F1>
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 433062<F1>
<TOTAL-LIABILITIES> 1366681<F1>
<SENIOR-EQUITY> 0<F1>
<PAID-IN-CAPITAL-COMMON> 32165186
<SHARES-COMMON-STOCK> 1674161
<SHARES-COMMON-PRIOR> 1402963
<ACCUMULATED-NII-CURRENT> 523772<F1>
<OVERDISTRIBUTION-NII> 0<F1>
<ACCUMULATED-NET-GAINS> 2836722<F1>
<OVERDISTRIBUTION-GAINS> 0<F1>
<ACCUM-APPREC-OR-DEPREC> 6286965<F1>
<NET-ASSETS> 34114000
<DIVIDEND-INCOME> 1672394<F1>
<INTEREST-INCOME> 474572<F1>
<OTHER-INCOME> 0<F1>
<EXPENSES-NET> (1348265)<F1>
<NET-INVESTMENT-INCOME> 798701<F1>
<REALIZED-GAINS-CURRENT> 2837606<F1>
<APPREC-INCREASE-CURRENT> 9340787<F1>
<NET-CHANGE-FROM-OPS> 12977094<F1>
<EQUALIZATION> 58981<F1>
<DISTRIBUTIONS-OF-INCOME> (195741)<F1>
<DISTRIBUTIONS-OF-GAINS> (148871)<F1>
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 671255
<NUMBER-OF-SHARES-REDEEMED> (417305)
<SHARES-REINVESTED> 17248
<NET-CHANGE-IN-ASSETS> 9303323
<ACCUMULATED-NII-PRIOR> 658391<F1>
<ACCUMULATED-GAINS-PRIOR> 399510<F1>
<OVERDISTRIB-NII-PRIOR> 0<F1>
<OVERDIST-NET-GAINS-PRIOR> 0<F1>
<GROSS-ADVISORY-FEES> 489062<F1>
<INTEREST-EXPENSE> 0<F1>
<GROSS-EXPENSE> 1348265<F1>
<AVERAGE-NET-ASSETS> 30352077
<PER-SHARE-NAV-BEGIN> 17.684
<PER-SHARE-NII> .104
<PER-SHARE-GAIN-APPREC> 2.814
<PER-SHARE-DIVIDEND> (.136)
<PER-SHARE-DISTRIBUTIONS> (.089)
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 20.377
<EXPENSE-RATIO> 2.10
<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>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 1
<NAME> Growth & Income
<CAPTION>
<S> <C>
<PERIOD-TYPE> YEAR
<FISCAL-YEAR-END> JUN-30-1995
<PERIOD-START> JUL-01-1994
<PERIOD-END> JUN-30-1995
<INVESTMENTS-AT-COST> 82560076<F1>
<INVESTMENTS-AT-VALUE> 88847041<F1>
<RECEIVABLES> 538432<F1>
<ASSETS-OTHER> 3753<F1>
<OTHER-ITEMS-ASSETS> 96590<F1>
<TOTAL-ASSETS> 89485816<F1>
<PAYABLE-FOR-SECURITIES> 933619<F1>
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 433062<F1>
<TOTAL-LIABILITIES> 1366681<F1>
<SENIOR-EQUITY> 0<F1>
<PAID-IN-CAPITAL-COMMON> 1322169
<SHARES-COMMON-STOCK> 71895
<SHARES-COMMON-PRIOR> 29332
<ACCUMULATED-NII-CURRENT> 523772<F1>
<OVERDISTRIBUTION-NII> 0<F1>
<ACCUMULATED-NET-GAINS> 2836722<F1>
<OVERDISTRIBUTION-GAINS> 0<F1>
<ACCUM-APPREC-OR-DEPREC> 6286965<F1>
<NET-ASSETS> 1463895
<DIVIDEND-INCOME> 1672394<F1>
<INTEREST-INCOME> 474572<F1>
<OTHER-INCOME> 0<F1>
<EXPENSES-NET> (1348265)<F1>
<NET-INVESTMENT-INCOME> 798701<F1>
<REALIZED-GAINS-CURRENT> 2837606<F1>
<APPREC-INCREASE-CURRENT> 9340787<F1>
<NET-CHANGE-FROM-OPS> 12977094<F1>
<EQUALIZATION> 58981<F1>
<DISTRIBUTIONS-OF-INCOME> (4869)<F1>
<DISTRIBUTIONS-OF-GAINS> (6304)<F1>
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 46418
<NUMBER-OF-SHARES-REDEEMED> (4370)
<SHARES-REINVESTED> 515
<NET-CHANGE-IN-ASSETS> 944997
<ACCUMULATED-NII-PRIOR> 658391<F1>
<ACCUMULATED-GAINS-PRIOR> 399510<F1>
<OVERDISTRIB-NII-PRIOR> 0<F1>
<OVERDIST-NET-GAINS-PRIOR> 0<F1>
<GROSS-ADVISORY-FEES> 489062<F1>
<INTEREST-EXPENSE> 0<F1>
<GROSS-EXPENSE> 1348265<F1>
<AVERAGE-NET-ASSETS> 1072588
<PER-SHARE-NAV-BEGIN> 17.691
<PER-SHARE-NII> .095
<PER-SHARE-GAIN-APPREC> 2.801
<PER-SHARE-DIVIDEND> (.136)
<PER-SHARE-DISTRIBUTIONS> (.089)
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 20.362
<EXPENSE-RATIO> 2.14
<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>
<ARTICLE> 6
<SERIES>
<NUMBER> 1
<NAME> Growth & Income
<CAPTION>
<S> <C>
<PERIOD-TYPE> YEAR
<FISCAL-YEAR-END> JUN-30-1995
<PERIOD-START> JUL-01-1994
<PERIOD-END> JUN-30-1995
<INVESTMENTS-AT-COST> 82560076<F1>
<INVESTMENTS-AT-VALUE> 88847041<F1>
<RECEIVABLES> 538432<F1>
<ASSETS-OTHER> 3753<F1>
<OTHER-ITEMS-ASSETS> 96590<F1>
<TOTAL-ASSETS> 89485816<F1>
<PAYABLE-FOR-SECURITIES> 933619<F1>
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 433062<F1>
<TOTAL-LIABILITIES> 1366681<F1>
<SENIOR-EQUITY> 0<F1>
<PAID-IN-CAPITAL-COMMON> 0
<SHARES-COMMON-STOCK> 0
<SHARES-COMMON-PRIOR> 110
<ACCUMULATED-NII-CURRENT> 523772<F1>
<OVERDISTRIBUTION-NII> 0<F1>
<ACCUMULATED-NET-GAINS> 2836722<F1>
<OVERDISTRIBUTION-GAINS> 0<F1>
<ACCUM-APPREC-OR-DEPREC> 6286965<F1>
<NET-ASSETS> 0
<DIVIDEND-INCOME> 1672394<F1>
<INTEREST-INCOME> 474572<F1>
<OTHER-INCOME> 0<F1>
<EXPENSES-NET> (1348265)<F1>
<NET-INVESTMENT-INCOME> 798701<F1>
<REALIZED-GAINS-CURRENT> 2837606<F1>
<APPREC-INCREASE-CURRENT> 9340787<F1>
<NET-CHANGE-FROM-OPS> 12977094<F1>
<EQUALIZATION> 58981<F1>
<DISTRIBUTIONS-OF-INCOME> (29)<F1>
<DISTRIBUTIONS-OF-GAINS> (10)<F1>
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 0
<NUMBER-OF-SHARES-REDEEMED> (111)
<SHARES-REINVESTED> 1
<NET-CHANGE-IN-ASSETS> (1938)
<ACCUMULATED-NII-PRIOR> 658391<F1>
<ACCUMULATED-GAINS-PRIOR> 399510<F1>
<OVERDISTRIB-NII-PRIOR> 0<F1>
<OVERDIST-NET-GAINS-PRIOR> 0<F1>
<GROSS-ADVISORY-FEES> 489062<F1>
<INTEREST-EXPENSE> 0<F1>
<GROSS-EXPENSE> 1348265<F1>
<AVERAGE-NET-ASSETS> 0
<PER-SHARE-NAV-BEGIN> 17.618
<PER-SHARE-NII> 0
<PER-SHARE-GAIN-APPREC> 0
<PER-SHARE-DIVIDEND> 0
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 0
<EXPENSE-RATIO> 0
<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>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 2
<NAME> Van Kampen Merritt Utility Fund
<CAPTION>
<S> <C>
<PERIOD-TYPE> YEAR
<FISCAL-YEAR-END> JUN-30-1995
<PERIOD-START> JUL-01-1994
<PERIOD-END> JUN-30-1995
<INVESTMENTS-AT-COST> 129417332<F1>
<INVESTMENTS-AT-VALUE> 129736238<F1>
<RECEIVABLES> 3302125<F1>
<ASSETS-OTHER> 70711<F1>
<OTHER-ITEMS-ASSETS> 489190<F1>
<TOTAL-ASSETS> 133598264<F1>
<PAYABLE-FOR-SECURITIES> 0<F1>
<SENIOR-LONG-TERM-DEBT> 0<F1>
<OTHER-ITEMS-LIABILITIES> 936191<F1>
<TOTAL-LIABILITIES> 936191<F1>
<SENIOR-EQUITY> 0<F1>
<PAID-IN-CAPITAL-COMMON> 54774866
<SHARES-COMMON-STOCK> 3764785
<SHARES-COMMON-PRIOR> 3989613
<ACCUMULATED-NII-CURRENT> 1563610<F1>
<OVERDISTRIBUTION-NII> 0<F1>
<ACCUMULATED-NET-GAINS> (13683409)<F1>
<OVERDISTRIBUTION-GAINS> 0<F1>
<ACCUM-APPREC-OR-DEPREC> 319167<F1>
<NET-ASSETS> 50394201
<DIVIDEND-INCOME> 6281372<F1>
<INTEREST-INCOME> 1659396<F1>
<OTHER-INCOME> 0<F1>
<EXPENSES-NET> (2397956)<F1>
<NET-INVESTMENT-INCOME> 5542812<F1>
<REALIZED-GAINS-CURRENT> (11154213)<F1>
<APPREC-INCREASE-CURRENT> 15931333<F1>
<NET-CHANGE-FROM-OPS> 10319932<F1>
<EQUALIZATION> 0<F1>
<DISTRIBUTIONS-OF-INCOME> (2381991)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 542836
<NUMBER-OF-SHARES-REDEEMED> (918564)
<SHARES-REINVESTED> 150900
<NET-CHANGE-IN-ASSETS> (1095087)
<ACCUMULATED-NII-PRIOR> 1512453<F1>
<ACCUMULATED-GAINS-PRIOR> (2454383)<F1>
<OVERDISTRIB-NII-PRIOR> 0<F1>
<OVERDIST-NET-GAINS-PRIOR> (355171)<F1>
<GROSS-ADVISORY-FEES> 874190<F1>
<INTEREST-EXPENSE> 0<F1>
<GROSS-EXPENSE> 2397956<F1>
<AVERAGE-NET-ASSETS> 51226930
<PER-SHARE-NAV-BEGIN> 12.906
<PER-SHARE-NII> .595
<PER-SHARE-GAIN-APPREC> .485
<PER-SHARE-DIVIDEND> (.600)
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 13.386
<EXPENSE-RATIO> 1.34
<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>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 2
<NAME> Van Kampen Merritt Utility Fund
<CAPTION>
<S> <C>
<PERIOD-TYPE> YEAR
<FISCAL-YEAR-END> JUN-30-1995
<PERIOD-START> JUL-01-1994
<PERIOD-END> JUN-30-1995
<INVESTMENTS-AT-COST> 129417332<F1>
<INVESTMENTS-AT-VALUE> 129736238<F1>
<RECEIVABLES> 3302125<F1>
<ASSETS-OTHER> 70711<F1>
<OTHER-ITEMS-ASSETS> 489190<F1>
<TOTAL-ASSETS> 133598264<F1>
<PAYABLE-FOR-SECURITIES> 0<F1>
<SENIOR-LONG-TERM-DEBT> 0<F1>
<OTHER-ITEMS-LIABILITIES> 936191<F1>
<TOTAL-LIABILITIES> 936191<F1>
<SENIOR-EQUITY> 0<F1>
<PAID-IN-CAPITAL-COMMON> 88342760
<SHARES-COMMON-STOCK> 6064329
<SHARES-COMMON-PRIOR> 6499096
<ACCUMULATED-NII-CURRENT> 1563610<F1>
<OVERDISTRIBUTION-NII> 0<F1>
<ACCUMULATED-NET-GAINS> (13683409)<F1>
<OVERDISTRIBUTION-GAINS> 0<F1>
<ACCUM-APPREC-OR-DEPREC> 319167<F1>
<NET-ASSETS> 80994205
<DIVIDEND-INCOME> 6281372<F1>
<INTEREST-INCOME> 1659396<F1>
<OTHER-INCOME> 0<F1>
<EXPENSES-NET> (2397956)<F1>
<NET-INVESTMENT-INCOME> 5542812<F1>
<REALIZED-GAINS-CURRENT> (11154213)<F1>
<APPREC-INCREASE-CURRENT> 15931333<F1>
<NET-CHANGE-FROM-OPS> 10319932<F1>
<EQUALIZATION> 0<F1>
<DISTRIBUTIONS-OF-INCOME> (3137968)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 907385
<NUMBER-OF-SHARES-REDEEMED> (1539119)
<SHARES-REINVESTED> 196967
<NET-CHANGE-IN-ASSETS> (2711092)
<ACCUMULATED-NII-PRIOR> 1512453<F1>
<ACCUMULATED-GAINS-PRIOR> (2454383)<F1>
<OVERDISTRIB-NII-PRIOR> 0<F1>
<OVERDIST-NET-GAINS-PRIOR> (355171)<F1>
<GROSS-ADVISORY-FEES> 874190<F1>
<INTEREST-EXPENSE> 0<F1>
<GROSS-EXPENSE> 2397956<F1>
<AVERAGE-NET-ASSETS> 82424545
<PER-SHARE-NAV-BEGIN> 12.880
<PER-SHARE-NII> .507
<PER-SHARE-GAIN-APPREC> .461
<PER-SHARE-DIVIDEND> (.492)
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 13.356
<EXPENSE-RATIO> 2.05
<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>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 2
<NAME> Van Kampen Merritt Utility Fund
<CAPTION>
<S> <C>
<PERIOD-TYPE> YEAR
<FISCAL-YEAR-END> JUN-30-1995
<PERIOD-START> JUL-01-1994
<PERIOD-END> JUN-30-1995
<INVESTMENTS-AT-COST> 129417332<F1>
<INVESTMENTS-AT-VALUE> 129736238<F1>
<RECEIVABLES> 3302125<F1>
<ASSETS-OTHER> 70711<F1>
<OTHER-ITEMS-ASSETS> 489190<F1>
<TOTAL-ASSETS> 133598264<F1>
<PAYABLE-FOR-SECURITIES> 0<F1>
<SENIOR-LONG-TERM-DEBT> 0<F1>
<OTHER-ITEMS-LIABILITIES> 936191<F1>
<TOTAL-LIABILITIES> 936191<F1>
<SENIOR-EQUITY> 0<F1>
<PAID-IN-CAPITAL-COMMON> 1345079
<SHARES-COMMON-STOCK> 95362
<SHARES-COMMON-PRIOR> 88630
<ACCUMULATED-NII-CURRENT> 1563610<F1>
<OVERDISTRIBUTION-NII> 0<F1>
<ACCUMULATED-NET-GAINS> (13683409)<F1>
<OVERDISTRIBUTION-GAINS> 0<F1>
<ACCUM-APPREC-OR-DEPREC> 319167<F1>
<NET-ASSETS> 1273667
<DIVIDEND-INCOME> 6281372<F1>
<INTEREST-INCOME> 1659396<F1>
<OTHER-INCOME> 0<F1>
<EXPENSES-NET> (2397956)<F1>
<NET-INVESTMENT-INCOME> 5542812<F1>
<REALIZED-GAINS-CURRENT> (11154213)<F1>
<APPREC-INCREASE-CURRENT> 15931333<F1>
<NET-CHANGE-FROM-OPS> 10319932<F1>
<EQUALIZATION> 0<F1>
<DISTRIBUTIONS-OF-INCOME> (46441)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 34020
<NUMBER-OF-SHARES-REDEEMED> (30118)
<SHARES-REINVESTED> 2830
<NET-CHANGE-IN-ASSETS> 133142
<ACCUMULATED-NII-PRIOR> 1512453<F1>
<ACCUMULATED-GAINS-PRIOR> (2454383)<F1>
<OVERDISTRIB-NII-PRIOR> 0<F1>
<OVERDIST-NET-GAINS-PRIOR> (355171)<F1>
<GROSS-ADVISORY-FEES> 874190<F1>
<INTEREST-EXPENSE> 0<F1>
<GROSS-EXPENSE> 2397956<F1>
<AVERAGE-NET-ASSETS> 1209781
<PER-SHARE-NAV-BEGIN> 12.868
<PER-SHARE-NII> .482
<PER-SHARE-GAIN-APPREC> .498
<PER-SHARE-DIVIDEND> (.492)
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 13.356
<EXPENSE-RATIO> 2.09
<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>
<ARTICLE> 6
<SERIES>
<NUMBER> 2
<NAME> Van Kampen Merritt Utility Fund
<CAPTION>
<S> <C>
<PERIOD-TYPE> YEAR
<FISCAL-YEAR-END> JUN-30-1995
<PERIOD-START> JUL-01-1994
<PERIOD-END> JUN-30-1995
<INVESTMENTS-AT-COST> 129417332<F1>
<INVESTMENTS-AT-VALUE> 129736238<F1>
<RECEIVABLES> 3302125<F1>
<ASSETS-OTHER> 70711<F1>
<OTHER-ITEMS-ASSETS> 489190<F1>
<TOTAL-ASSETS> 133598264<F1>
<PAYABLE-FOR-SECURITIES> 0<F1>
<SENIOR-LONG-TERM-DEBT> 0<F1>
<OTHER-ITEMS-LIABILITIES> 936191<F1>
<TOTAL-LIABILITIES> 936191<F1>
<SENIOR-EQUITY> 0<F1>
<PAID-IN-CAPITAL-COMMON> 0
<SHARES-COMMON-STOCK> 0
<SHARES-COMMON-PRIOR> 114
<ACCUMULATED-NII-CURRENT> 1563610<F1>
<OVERDISTRIBUTION-NII> 0<F1>
<ACCUMULATED-NET-GAINS> (13683409)<F1>
<OVERDISTRIBUTION-GAINS> 0<F1>
<ACCUM-APPREC-OR-DEPREC> 319167<F1>
<NET-ASSETS> 0
<DIVIDEND-INCOME> 6281372<F1>
<INTEREST-INCOME> 1659396<F1>
<OTHER-INCOME> 0<F1>
<EXPENSES-NET> (2397956)<F1>
<NET-INVESTMENT-INCOME> 5542812<F1>
<REALIZED-GAINS-CURRENT> (11154213)<F1>
<APPREC-INCREASE-CURRENT> 15931333<F1>
<NET-CHANGE-FROM-OPS> 10319932<F1>
<EQUALIZATION> 0<F1>
<DISTRIBUTIONS-OF-INCOME> (68)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 0
<NUMBER-OF-SHARES-REDEEMED> (115)
<SHARES-REINVESTED> 1
<NET-CHANGE-IN-ASSETS> (1473)
<ACCUMULATED-NII-PRIOR> 1512453<F1>
<ACCUMULATED-GAINS-PRIOR> (2454383)<F1>
<OVERDISTRIB-NII-PRIOR> 0<F1>
<OVERDIST-NET-GAINS-PRIOR> (355171)<F1>
<GROSS-ADVISORY-FEES> 874190<F1>
<INTEREST-EXPENSE> 0<F1>
<GROSS-EXPENSE> 2397956<F1>
<AVERAGE-NET-ASSETS> 0
<PER-SHARE-NAV-BEGIN> 12.921
<PER-SHARE-NII> 0
<PER-SHARE-GAIN-APPREC> 0
<PER-SHARE-DIVIDEND> 0
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 0
<EXPENSE-RATIO> 0
<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>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 3
<NAME> Balanced Fund 3A
<CAPTION>
<S> <C>
<PERIOD-TYPE> YEAR
<FISCAL-YEAR-END> JUN-30-1995
<PERIOD-START> JUN-24-1994
<PERIOD-END> JUN-30-1995
<INVESTMENTS-AT-COST> 11107050<F1>
<INVESTMENTS-AT-VALUE> 11915756<F1>
<RECEIVABLES> 149543<F1>
<ASSETS-OTHER> 63693<F1>
<OTHER-ITEMS-ASSETS> 56824<F1>
<TOTAL-ASSETS> 12185816<F1>
<PAYABLE-FOR-SECURITIES> 0<F1>
<SENIOR-LONG-TERM-DEBT> 0<F1>
<OTHER-ITEMS-LIABILITIES> 116122<F1>
<TOTAL-LIABILITIES> 116122<F1>
<SENIOR-EQUITY> 0<F1>
<PAID-IN-CAPITAL-COMMON> 4424914
<SHARES-COMMON-STOCK> 308746
<SHARES-COMMON-PRIOR> 100
<ACCUMULATED-NII-CURRENT> 28186<F1>
<OVERDISTRIBUTION-NII> 0<F1>
<ACCUMULATED-NET-GAINS> (9560)<F1>
<OVERDISTRIBUTION-GAINS> 0<F1>
<ACCUM-APPREC-OR-DEPREC> 808706<F1>
<NET-ASSETS> 4750911
<DIVIDEND-INCOME> 165939<F1>
<INTEREST-INCOME> 376648<F1>
<OTHER-INCOME> 0<F1>
<EXPENSES-NET> (166724)<F1>
<NET-INVESTMENT-INCOME> 375863<F1>
<REALIZED-GAINS-CURRENT> (9560)<F1>
<APPREC-INCREASE-CURRENT> 808706<F1>
<NET-CHANGE-FROM-OPS> 1175009<F1>
<EQUALIZATION> 0<F1>
<DISTRIBUTIONS-OF-INCOME> (156268)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 375263
<NUMBER-OF-SHARES-REDEEMED> (74902)
<SHARES-REINVESTED> 8285
<NET-CHANGE-IN-ASSETS> 4749481
<ACCUMULATED-NII-PRIOR> 0<F1>
<ACCUMULATED-GAINS-PRIOR> 0<F1>
<OVERDISTRIB-NII-PRIOR> 0<F1>
<OVERDIST-NET-GAINS-PRIOR> 0<F1>
<GROSS-ADVISORY-FEES> 73534<F1>
<INTEREST-EXPENSE> 0<F1>
<GROSS-EXPENSE> 336268<F1>
<AVERAGE-NET-ASSETS> 4173276
<PER-SHARE-NAV-BEGIN> 14.300
<PER-SHARE-NII> .572
<PER-SHARE-GAIN-APPREC> 1.041
<PER-SHARE-DIVIDEND> (.525)
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 15.388
<EXPENSE-RATIO> 1.15
<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>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 3
<NAME> Balanced Fund 3B
<CAPTION>
<S> <C>
<PERIOD-TYPE> YEAR
<FISCAL-YEAR-END> JUN-30-1995
<PERIOD-START> JUN-24-1994
<PERIOD-END> JUN-30-1995
<INVESTMENTS-AT-COST> 11107050<F1>
<INVESTMENTS-AT-VALUE> 11915756<F1>
<RECEIVABLES> 149543<F1>
<ASSETS-OTHER> 63693<F1>
<OTHER-ITEMS-ASSETS> 56824<F1>
<TOTAL-ASSETS> 12185816<F1>
<PAYABLE-FOR-SECURITIES> 0<F1>
<SENIOR-LONG-TERM-DEBT> 0<F1>
<OTHER-ITEMS-LIABILITIES> 116122<F1>
<TOTAL-LIABILITIES> 116122<F1>
<SENIOR-EQUITY> 0<F1>
<PAID-IN-CAPITAL-COMMON> 6123381
<SHARES-COMMON-STOCK> 426808
<SHARES-COMMON-PRIOR> 100
<ACCUMULATED-NII-CURRENT> 28186<F1>
<OVERDISTRIBUTION-NII> 0<F1>
<ACCUMULATED-NET-GAINS> (9560)<F1>
<OVERDISTRIBUTION-GAINS> 0<F1>
<ACCUM-APPREC-OR-DEPREC> 808706<F1>
<NET-ASSETS> 6567967
<DIVIDEND-INCOME> 165939<F1>
<INTEREST-INCOME> 376648<F1>
<OTHER-INCOME> 0<F1>
<EXPENSES-NET> (166724)<F1>
<NET-INVESTMENT-INCOME> 375863<F1>
<REALIZED-GAINS-CURRENT> (9560)<F1>
<APPREC-INCREASE-CURRENT> 808706<F1>
<NET-CHANGE-FROM-OPS> 1175009<F1>
<EQUALIZATION> 0<F1>
<DISTRIBUTIONS-OF-INCOME> (177438)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 532317
<NUMBER-OF-SHARES-REDEEMED> (115096)
<SHARES-REINVESTED> 9487
<NET-CHANGE-IN-ASSETS> 6566537
<ACCUMULATED-NII-PRIOR> 0<F1>
<ACCUMULATED-GAINS-PRIOR> 0<F1>
<OVERDISTRIB-NII-PRIOR> 0<F1>
<OVERDIST-NET-GAINS-PRIOR> 0<F1>
<GROSS-ADVISORY-FEES> 73534<F1>
<INTEREST-EXPENSE> 0<F1>
<GROSS-EXPENSE> 336268<F1>
<AVERAGE-NET-ASSETS> 5740102
<PER-SHARE-NAV-BEGIN> 14.300
<PER-SHARE-NII> .464
<PER-SHARE-GAIN-APPREC> 1.056
<PER-SHARE-DIVIDEND> (.431)
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 15.389
<EXPENSE-RATIO> 1.88
<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>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 3
<NAME> Balanced Fund 3C
<CAPTION>
<S> <C>
<PERIOD-TYPE> YEAR
<FISCAL-YEAR-END> JUN-30-1995
<PERIOD-START> JUN-24-1994
<PERIOD-END> JUN-30-1995
<INVESTMENTS-AT-COST> 11107050<F1>
<INVESTMENTS-AT-VALUE> 11915756<F1>
<RECEIVABLES> 149543<F1>
<ASSETS-OTHER> 63693<F1>
<OTHER-ITEMS-ASSETS> 56824<F1>
<TOTAL-ASSETS> 12185816<F1>
<PAYABLE-FOR-SECURITIES> 0<F1>
<SENIOR-LONG-TERM-DEBT> 0<F1>
<OTHER-ITEMS-LIABILITIES> 116122<F1>
<TOTAL-LIABILITIES> 116122<F1>
<SENIOR-EQUITY> 0<F1>
<PAID-IN-CAPITAL-COMMON> 694067
<SHARES-COMMON-STOCK> 48792
<SHARES-COMMON-PRIOR> 100
<ACCUMULATED-NII-CURRENT> 28186<F1>
<OVERDISTRIBUTION-NII> 0<F1>
<ACCUMULATED-NET-GAINS> (9560)<F1>
<OVERDISTRIBUTION-GAINS> 0<F1>
<ACCUM-APPREC-OR-DEPREC> 808706<F1>
<NET-ASSETS> 750816
<DIVIDEND-INCOME> 165939<F1>
<INTEREST-INCOME> 376648<F1>
<OTHER-INCOME> 0<F1>
<EXPENSES-NET> (166724)<F1>
<NET-INVESTMENT-INCOME> 375863<F1>
<REALIZED-GAINS-CURRENT> (9560)<F1>
<APPREC-INCREASE-CURRENT> 808706<F1>
<NET-CHANGE-FROM-OPS> 1175009<F1>
<EQUALIZATION> 0<F1>
<DISTRIBUTIONS-OF-INCOME> (13922)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 49426
<NUMBER-OF-SHARES-REDEEMED> (1007)
<SHARES-REINVESTED> 273
<NET-CHANGE-IN-ASSETS> 749386
<ACCUMULATED-NII-PRIOR> 0<F1>
<ACCUMULATED-GAINS-PRIOR> 0<F1>
<OVERDISTRIB-NII-PRIOR> 0<F1>
<OVERDIST-NET-GAINS-PRIOR> 0<F1>
<GROSS-ADVISORY-FEES> 73534<F1>
<INTEREST-EXPENSE> 0<F1>
<GROSS-EXPENSE> 336268<F1>
<AVERAGE-NET-ASSETS> 420981
<PER-SHARE-NAV-BEGIN> 14.300
<PER-SHARE-NII> .426
<PER-SHARE-GAIN-APPREC> 1.093
<PER-SHARE-DIVIDEND> (.431)
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 15.388
<EXPENSE-RATIO> 1.90
<AVG-DEBT-OUTSTANDING> 0<F1>
<AVG-DEBT-PER-SHARE> 0<F1>
<FN>
<F1>
This Item relates ot the Fund on a composite basis and not on a class basis.
</FN>
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 3
<NAME> Balanced Fund 3D
<CAPTION>
<S> <C>
<PERIOD-TYPE> YEAR
<FISCAL-YEAR-END> JUN-30-1995
<PERIOD-START> JUN-24-1994
<PERIOD-END> JUN-30-1995
<INVESTMENTS-AT-COST> 11107050<F1>
<INVESTMENTS-AT-VALUE> 11915756<F1>
<RECEIVABLES> 149543<F1>
<ASSETS-OTHER> 63693<F1>
<OTHER-ITEMS-ASSETS> 56824<F1>
<TOTAL-ASSETS> 12185816<F1>
<PAYABLE-FOR-SECURITIES> 0<F1>
<SENIOR-LONG-TERM-DEBT> 0<F1>
<OTHER-ITEMS-LIABILITIES> 116122<F1>
<TOTAL-LIABILITIES> 116122<F1>
<SENIOR-EQUITY> 0<F1>
<PAID-IN-CAPITAL-COMMON> 0
<SHARES-COMMON-STOCK> 0
<SHARES-COMMON-PRIOR> 100
<ACCUMULATED-NII-CURRENT> 28186<F1>
<OVERDISTRIBUTION-NII> 0<F1>
<ACCUMULATED-NET-GAINS> (9560)<F1>
<OVERDISTRIBUTION-GAINS> 0<F1>
<ACCUM-APPREC-OR-DEPREC> 808706<F1>
<NET-ASSETS> 0
<DIVIDEND-INCOME> 165939<F1>
<INTEREST-INCOME> 376648<F1>
<OTHER-INCOME> 0<F1>
<EXPENSES-NET> (166724)<F1>
<NET-INVESTMENT-INCOME> 375863<F1>
<REALIZED-GAINS-CURRENT> (9560)<F1>
<APPREC-INCREASE-CURRENT> 808706<F1>
<NET-CHANGE-FROM-OPS> 1175009<F1>
<EQUALIZATION> 0<F1>
<DISTRIBUTIONS-OF-INCOME> (49)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 14
<NUMBER-OF-SHARES-REDEEMED> (114)
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> (1430)
<ACCUMULATED-NII-PRIOR> 0<F1>
<ACCUMULATED-GAINS-PRIOR> 0<F1>
<OVERDISTRIB-NII-PRIOR> 0<F1>
<OVERDIST-NET-GAINS-PRIOR> 0<F1>
<GROSS-ADVISORY-FEES> 73534<F1>
<INTEREST-EXPENSE> 0<F1>
<GROSS-EXPENSE> 336268<F1>
<AVERAGE-NET-ASSETS> 0
<PER-SHARE-NAV-BEGIN> 14.300
<PER-SHARE-NII> 0
<PER-SHARE-GAIN-APPREC> 0
<PER-SHARE-DIVIDEND> 0
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 0
<EXPENSE-RATIO> 0
<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>
