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<PAGE> PAGE 3
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<PAGE> PAGE 11
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<PAGE> PAGE 12
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<PAGE> PAGE 17
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<PAGE> PAGE 19
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070 A020600 N
070 B010600 Y
070 B020600 N
070 C010600 Y
070 C020600 N
070 D010600 Y
070 D020600 N
070 E010600 Y
070 E020600 N
070 F010600 Y
070 F020600 N
070 G010600 Y
070 G020600 N
070 H010600 Y
070 H020600 N
070 I010600 Y
070 I020600 N
070 J010600 Y
070 J020600 N
070 K010600 Y
070 K020600 Y
070 L010600 Y
070 L020600 N
070 M010600 Y
070 M020600 N
070 N010600 Y
070 N020600 N
070 O010600 Y
070 O020600 N
070 P010600 N
070 P020600 N
070 Q010600 N
070 Q020600 N
070 R010600 N
070 R020600 N
071 A000600 633
071 B000600 680
071 C000600 1710
071 D000600 37
072 A000600 3
072 B000600 0
072 C000600 11
072 D000600 0
072 E000600 0
072 F000600 3
072 G000600 0
072 H000600 0
072 I000600 4
072 J000600 1
<PAGE> PAGE 22
072 K000600 0
072 L000600 9
072 M000600 6
072 N000600 1
072 O000600 0
072 P000600 0
072 Q000600 16
072 R000600 5
072 S000600 6
072 T000600 0
072 U000600 2
072 V000600 0
072 W000600 3
072 X000600 56
072 Y000600 51
072 Z000600 5
072AA000600 45
072BB000600 0
072CC010600 0
072CC020600 137
072DD010600 0
072DD020600 0
072EE000600 0
073 A010600 0.0000
073 A020600 0.0000
073 B000600 0.0000
073 C000600 0.0000
074 A000600 102
074 B000600 0
074 C000600 0
074 D000600 0
074 E000600 0
074 F000600 1676
074 G000600 0
074 H000600 0
074 I000600 0
074 J000600 11
074 K000600 23
074 L000600 4
074 M000600 19
074 N000600 1835
074 O000600 9
074 P000600 12
074 Q000600 0
074 R010600 0
074 R020600 0
074 R030600 0
074 R040600 50
074 S000600 0
074 T000600 1764
074 U010600 101
<PAGE> PAGE 23
074 U020600 7
074 V010600 15.22
074 V020600 15.22
074 W000600 0.0000
074 X000600 4
074 Y000600 0
075 A000600 0
075 B000600 1776
076 000600 0.00
028 A010700 0
028 A020700 0
028 A030700 0
028 A040700 0
028 B010700 0
028 B020700 0
028 B030700 0
028 B040700 0
028 C010700 0
028 C020700 0
028 C030700 0
028 C040700 0
028 D010700 0
028 D020700 0
028 D030700 0
028 D040700 0
028 E010700 0
028 E020700 0
028 E030700 0
028 E040700 0
028 F010700 0
028 F020700 0
028 F030700 0
028 F040700 0
028 G010700 0
028 G020700 0
028 G030700 0
028 G040700 0
028 H000700 0
029 000700 N
030 A000700 0
030 B000700 0.00
030 C000700 0.00
031 A000700 0
031 B000700 0
032 000700 0
033 000700 0
034 000700 N
035 000700 0
036 B000700 0
037 000700 N
038 000700 0
<PAGE> PAGE 24
039 000700 N
040 000700 Y
041 000700 N
042 A000700 0
042 B000700 0
042 C000700 0
042 D000700 0
042 E000700 0
042 F000700 0
042 G000700 0
042 H000700 0
043 000700 0
044 000700 0
045 000700 Y
046 000700 N
047 000700 Y
048 000700 0.000
048 A010700 500000
048 A020700 0.750
048 B010700 500000
048 B020700 0.700
048 C010700 0
048 C020700 0.000
048 D010700 0
048 D020700 0.000
048 E010700 0
048 E020700 0.000
048 F010700 0
048 F020700 0.000
048 G010700 0
048 G020700 0.000
048 H010700 0
048 H020700 0.000
048 I010700 0
048 I020700 0.000
048 J010700 0
048 J020700 0.000
048 K010700 1000000
048 K020700 0.650
049 000700 N
050 000700 N
051 000700 N
052 000700 N
053 A000700 Y
053 B000700 Y
053 C000700 N
062 A000700 N
062 B000700 0.0
062 C000700 0.0
062 D000700 0.0
062 E000700 0.0
<PAGE> PAGE 25
062 F000700 0.0
062 G000700 0.0
062 H000700 0.0
062 I000700 0.0
062 J000700 0.0
062 K000700 0.0
062 L000700 0.0
062 M000700 0.0
062 N000700 0.0
062 O000700 0.0
062 P000700 0.0
062 Q000700 0.0
062 R000700 0.0
066 A000700 Y
066 B000700 N
066 C000700 N
066 D000700 Y
066 E000700 N
066 F000700 N
066 G000700 N
067 000700 N
068 A000700 N
068 B000700 N
069 000700 N
070 A010700 Y
070 A020700 N
070 B010700 Y
070 B020700 N
070 C010700 Y
070 C020700 N
070 D010700 Y
070 D020700 N
070 E010700 Y
070 E020700 N
070 F010700 Y
070 F020700 N
070 G010700 Y
070 G020700 N
070 H010700 Y
070 H020700 N
070 I010700 Y
070 I020700 N
070 J010700 Y
070 J020700 N
070 K010700 Y
070 K020700 N
070 L010700 Y
070 L020700 Y
070 M010700 Y
070 M020700 N
070 N010700 Y
<PAGE> PAGE 26
070 N020700 N
070 O010700 Y
070 O020700 N
070 P010700 N
070 P020700 N
070 Q010700 N
070 Q020700 N
070 R010700 N
070 R020700 N
071 A000700 275
071 B000700 244
071 C000700 1436
071 D000700 17
072 A000700 3
072 B000700 0
072 C000700 4
072 D000700 0
072 E000700 0
072 F000700 3
072 G000700 0
072 H000700 0
072 I000700 4
072 J000700 1
072 K000700 0
072 L000700 9
072 M000700 6
072 N000700 1
072 O000700 0
072 P000700 0
072 Q000700 16
072 R000700 5
072 S000700 6
072 T000700 0
072 U000700 2
072 V000700 0
072 W000700 4
072 X000700 57
072 Y000700 52
072 Z000700 -1
072AA000700 0
072BB000700 44
072CC010700 0
072CC020700 180
072DD010700 0
072DD020700 0
072EE000700 0
073 A010700 0.0000
073 A020700 0.0000
073 B000700 0.0000
073 C000700 0.0000
074 A000700 50
<PAGE> PAGE 27
074 B000700 0
074 C000700 0
074 D000700 0
074 E000700 0
074 F000700 1386
074 G000700 0
074 H000700 0
074 I000700 0
074 J000700 0
074 K000700 12
074 L000700 0
074 M000700 21
074 N000700 1469
074 O000700 6
074 P000700 0
074 Q000700 0
074 R010700 0
074 R020700 0
074 R030700 0
074 R040700 47
074 S000700 0
074 T000700 1416
074 U010700 104
074 U020700 8
074 V010700 11.84
074 V020700 11.84
074 W000700 0.0000
074 X000700 11
074 Y000700 0
075 A000700 0
075 B000700 1534
076 000700 0.00
024 000800 Y
025 A000801 DONALDSON LUFKIN & JENNRETTE
025 B000801 13-2741729
025 C000801 D
025 D000801 6710
025 D000802 0
025 D000803 0
025 D000804 0
025 D000805 0
025 D000806 0
025 D000807 0
025 D000808 0
028 A010800 20662
028 A020800 0
028 A030800 0
028 A040800 15969
028 B010800 23786
028 B020800 0
028 B030800 0
<PAGE> PAGE 28
028 B040800 19245
028 C010800 21121
028 C020800 0
028 C030800 0
028 C040800 20360
028 D010800 0
028 D020800 0
028 D030800 0
028 D040800 0
028 E010800 0
028 E020800 0
028 E030800 0
028 E040800 0
028 F010800 0
028 F020800 0
028 F030800 0
028 F040800 0
028 G010800 65569
028 G020800 0
028 G030800 0
028 G040800 55574
028 H000800 49308
029 000800 Y
030 A000800 288
030 B000800 5.75
030 C000800 0.00
031 A000800 38
031 B000800 0
032 000800 250
033 000800 0
034 000800 Y
035 000800 141
036 A000800 N
036 B000800 0
037 000800 N
038 000800 0
040 000800 Y
041 000800 Y
042 A000800 0
042 B000800 0
042 C000800 59
042 D000800 41
042 E000800 0
042 F000800 0
042 G000800 0
042 H000800 0
043 000800 468
044 000800 0
045 000800 Y
046 000800 N
047 000800 Y
<PAGE> PAGE 29
048 000800 0.000
048 A010800 500000
048 A020800 0.750
048 B010800 500000
048 B020800 0.700
048 C010800 0
048 C020800 0.000
048 D010800 0
048 D020800 0.000
048 E010800 0
048 E020800 0.000
048 F010800 0
048 F020800 0.000
048 G010800 0
048 G020800 0.000
048 H010800 0
048 H020800 0.000
048 I010800 0
048 I020800 0.000
048 J010800 0
048 J020800 0.000
048 K010800 1000000
048 K020800 0.650
049 000800 N
050 000800 N
051 000800 N
052 000800 N
053 A000800 N
062 A000800 N
062 B000800 0.0
062 C000800 0.0
062 D000800 0.0
062 E000800 0.0
062 F000800 0.0
062 G000800 0.0
062 H000800 0.0
062 I000800 0.0
062 J000800 0.0
062 K000800 0.0
062 L000800 0.0
062 M000800 0.0
062 N000800 0.0
062 O000800 0.0
062 P000800 0.0
062 Q000800 0.0
062 R000800 0.0
066 A000800 Y
066 B000800 Y
066 C000800 N
066 D000800 N
066 E000800 N
<PAGE> PAGE 30
066 F000800 N
066 G000800 N
067 000800 N
068 A000800 N
068 B000800 N
069 000800 N
070 A010800 Y
070 A020800 Y
070 B010800 Y
070 B020800 N
070 C010800 Y
070 C020800 N
070 D010800 Y
070 D020800 N
070 E010800 Y
070 E020800 N
070 F010800 Y
070 F020800 N
070 G010800 Y
070 G020800 N
070 H010800 Y
070 H020800 N
070 I010800 Y
070 I020800 N
070 J010800 Y
070 J020800 N
070 K010800 N
070 K020800 N
070 L010800 Y
070 L020800 Y
070 M010800 Y
070 M020800 N
070 N010800 Y
070 N020800 N
070 O010800 Y
070 O020800 N
070 P010800 N
070 P020800 N
070 Q010800 N
070 Q020800 N
070 R010800 Y
070 R020800 N
071 A000800 132960
071 B000800 129678
071 C000800 245303
071 D000800 53
072 A000800 3
072 B000800 210
072 C000800 64
072 D000800 0
072 E000800 0
<PAGE> PAGE 31
072 F000800 511
072 G000800 0
072 H000800 0
072 I000800 334
072 J000800 2
072 K000800 0
072 L000800 23
072 M000800 2
072 N000800 13
072 O000800 0
072 P000800 0
072 Q000800 30
072 R000800 9
072 S000800 12
072 T000800 468
072 U000800 5
072 V000800 0
072 W000800 16
072 X000800 1425
072 Y000800 0
072 Z000800 -1151
072AA000800 0
072BB000800 16574
072CC010800 0
072CC020800 26072
072DD010800 0
072DD020800 0
072EE000800 0
073 A010800 0.0000
073 A020800 0.0000
073 B000800 0.0000
073 C000800 0.0000
074 A000800 6
074 B000800 15530
074 C000800 0
074 D000800 0
074 E000800 0
074 F000800 236773
074 G000800 0
074 H000800 0
074 I000800 0
074 J000800 6821
074 K000800 0
074 L000800 727
074 M000800 56
074 N000800 259913
074 O000800 5473
074 P000800 367
074 Q000800 0
074 R010800 0
074 R020800 0
<PAGE> PAGE 32
074 R030800 5657
074 R040800 0
074 S000800 0
074 T000800 248416
074 U010800 8831
074 U020800 11521
074 V010800 11.61
074 V020800 11.40
074 W000800 0.0000
074 X000800 46129
074 Y000800 0
075 A000800 0
075 B000800 269527
076 000800 0.00
SIGNATURE NICK DALMASO
TITLE ATTORNEY
NSAR ITEM 77O
VKAC Utility 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 China Telecom Limited Goldman Sachs 112,000 0.086% 10/16/97
2 France Telecom Merrill Lynch 20,000 0.009% 10/17/97
3 Telstra Corp., Ltd. First Boston 11,700 0.006% 11/17/97
4 El Paso Energy Capital Trust Donaldson, Lufkin & 41,750 0.696% 03/12/98
Jenrette
5 Independent Energy ADS Donaldson, Lufkin & 150,000 1.875% 07/24/98
Jenrette
Johnson Rice & Co.
Southcoast Capital
6 Northeast Optic Network First Boston 60,000 1.333% 07/30/98
Warburg Dillion Read
</TABLE>
<PAGE>
Other Firms participating in Underwriting:
Underwriting for #1
- -------------------
Goldman, Sachs & Co.
China International Capital Corporation
Morgan Stanley & Co. Incorporation
Bear, Stearns & Co., Inc.
Donaldson, Lufkin & Jenrette Securities Corporation
Merrill Lynch, Inc.
Credit Suisse First Boston
Prudential Securities Inc.
RBC Dominion Securities Corp.
Salomon Brothers Inc.
Smith Barney, Inc.
Underwriting for #2
- -------------------
Merrill Lynch & Co.
Lehman Brothers
Paribas
Deutsche Morgan Grenfell
Lazard Freres & Co. LLC
Morgan Stanley Dean Witter
Saolmon Brothers Inc.
Underwriting for #3
- -------------------
Credit Suisse First Boston Corporation
Goldman, Sachs & Co.
Macquarie Underwriting Limited
ABN AMRO Chicago Corporation
Were Stockbroking Limited
Merrill Lynch, Inc.
Salomon Brothers Inc.
Deutsche Morgan Grenfell Inc.
J.P. Morgan Securities Inc.
Morgan Stanley & Co., Inc.
Ord Minnett Inc.
CIBC Wood Gundy Securities Corp.
Underwriting for #3 (con't)
- ---------------------------
RBC Dominion Securities Inc.
Bear, Stearns & Co.
Smith Barney Inc.
Underwriting for #4
- -------------------
Donaldson, Lufkin & Jenrette Securities Corporation
Goldman, Sachs & Co.
Morgan Stanley & Co. Incorporated
Underwriting for #5
- -------------------
Donaldson, Lufkin & Jenrette Securities Corporation
Johnson Rice & Company LLC
Southcoast Capital LLC
Bear, Stearns & Co. Inc.
BT Alex. Brown Incorporated
CIBC Oppenheimer Corp.
A.G. Edwards & Sons, Inc.
Howard, Weil, Labouisse, Friedrichs Incorporated
Lehman Brothers Inc.
J.P. Morgan Securities Inc.
Morgan Stanley & co. Incorporated
Prudential Securities Incorporated
Warburg Dillon Read LLC
Schroder & Co. Inc.
Smith Barney Inc.
J.C. Bradford & Co.
Fahnestock & Co. Inc.
Gaines, Berland Inc.
Harris Webb & Garrison, Inc.
Janney Montgomery Scott Inc.
Edward D. Jones & Co., LP
Legg Mason wood Walker, Incorporated
McDonald & Company Securities, Inc
Morgan Keegan & Company, Inc.
Parker/Hunter Incorporated
Pennsylvania Merchant Group
Underwriting for #5 (con't)
- ---------------------------
Raymond James & Associates, Inc
Sands Brothers & Co., Ltd.
Underwriting for #6
- -------------------
Credit Suisse First Boston Corporation
Warburg Dillon Read LLC
ABN AMRO Incorporated
CIBC Oppenheimer Corp.
Donaldson, Lufkin & Jenrette Securities Corporation
Everen Securities, Inc.
Goldman, Sachs & Co.
Hambrecht & Quist LLC
Invemed Associates, Inc.
Kaufman Bros., L.P.
Kirkpatrick, Pettis, Smith, Polian Inc.
Merrill Lynch, Pierce, Fenner & Smith Incorporated
Morgan Stanley & Co. Incorporated
NationsBanc Montgomery Securities LLC
Charles Schwab & Co., Inc.
SG Cowen Securities Corporation
Smith Barney Inc.
Webush Morgan Securities
Wheat First Securities, Inc.
<PAGE>
NSAR ITEM 77O
VKAC Great American Companies 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 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
BancAmerica 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>
NSAR ITEM 77O
VKAC Growth 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 U.S.A. Floral Products, Inc. Robertson, Stephens 3,100 0.062% 10/09/97
2 U.S.A. Floral Products, Inc. Smith Barney 3,750 0.075% 10/09/97
3 U.S.A. Floral Products, Inc. Furman Selz 300 0.006% 10/09/97
4 Concord Communications, Inc. Montgomery Securities 16,300 0.562% 10/15/97
5 Dril-Quip Donaldson, Lufkin & Jenrette 2,500 0.050% 10/22/97
6 Dril-Quip Simmons & Co. 1,000 0.020% 10/22/97
7 U.S. Web Hambrecht & Quist 75,000 1.500% 12/05/97
8 Broadcom Corporation Deutsche Morgan Grenfell 2,000 0.057% 04/16/98
9 DA Consulting Group, Inc. William Blair 2,800 0.117% 04/24/98
10 Mobius Wasserstein 7,100 0.215% 04/27/98
11 Aspec Technology, Inc. Hambrecht & Quist 15,000 0.250% 04/28/98
12 Ziff-Davis, Inc. Merrill Lynch 11,500 0.045% 04/28/98
13 United Road Services, Inc. Donaldson, Lufkin & Jenrette 110,000 1.667% 05/01/98
14 Young & Rubicam Inc. Donaldson Lufkin & Jenrette 80,000 0.482% 05/12/98
15 Professional Detailing, Inc. Hambrecht & Quist 8,800 0.314% 05/19/98
16 Capstar Broadcasting Corp. First Boston 26,300 0.085% 05/26/98
17 Broadcast.com Hambrecht & Quist 1,900 0.076% 07/16/98
18 Cyberian Outpost, Inc. Alex Brown 10,100 0.253% 07/31/98
19 Softworks Soundview 180,000 4.286% 08/04/98
Raymond James
</TABLE>
<PAGE>
Other Firms participating in Underwriting:
Underwriting for #1, 2 & 3
- --------------------------
Morgan Stanley & Co., Inc.
BancAmerica Robertson Stephens
Smith Barney Inc.
Advest, Inc.
J.C. Bradford & Co.
Blackford Securities Corp.
BT Alex, Brown Incorporated
Friedman, Billings, Ramsey & Co., Inc.
Furman Selz LLC
Janney Montgomery Scott Inc.
Edward D. Jones & Co., LP
Oppenheimer & Co., Inc.
Sands Brothers & Co., Ltd.
Underwriting for #4
- -------------------
NationsBanc Montgomery Securities, Inc.
BancAmerica Robertson Stephens
Wessels, Arnold & Henderson, LLC
BT Alex, Brown Inc.
Bear, Stearns & Co., Inc.
Cowne & Company
Credit Suisse First Boston Corp.
Hambrecht & Quist LLC
Morgan Stanley & Co. Incorporated
Prudential Securities Inc.
Adams, Harkness & Hill Inc.
Cruttenden Roth Incorporated
First Albany Corporation
Hampshire Securities Corp.
Soundview Financial Group
Tucker Anthony Incorporated
Volpe Brown Whelan & Company, LLC
H.C. Wainwright & Co., Inc.
Underwriting for #5 & 6
- -----------------------
Morgan Stanley & Co., Inc.
Donaldson, Lufkin & Jenrette Securities Corp.
Howard, Weil, Labouisse, Friedrichs Inc.
Morgan Keegan & Company, Inc.
Simmons & Company
Underwriting for #7
- -------------------
Hambrecht & Quist LLC
Donaldson, Lufkin & Jenrette Securities Corp.
Wessels, Arnold & Henderson, LLC
First Albany Corp.
BancAmerica Robertson Stephens
BT Alex, Brown Inc.
Charles Schwab & Co., Inc.
Cruttenden Roth Inc.
Pacific Growth Equities, Inc.
Raymond James & Associates, Inc.
SoundView Financial Group, Inc.
Sutro & Company Inc.
Van Kasper & Company
Underwriting for #8
- -------------------
Morgan Stanley & Co. Incorporated
BT Alex. Brown Incorporated
Hambrecht & Quist LLC
Dain Rauscher Incorporated
A.G. Edwards & Sons, Inc.
Edward D. Jones & Co., L.P.
Ladenburg Thalmann & Co., inc.
NationsBanc Montgomery Securities LLC
Needham & Company, Inc.
Brad Peery Inc.
Wedbush Morgan Securities
Underwriting for #9
- -------------------
Goldman, Sachs & Co.
NationsBanc Montgomery Securities LLC
BancAmerica Robertson Stephens
CIBC Oppenheimer Corp.
Merrill Lynch, Pierce, Fenner & Smith, Incorporated
Cowen & Company
First Albany Corporation
Kaufman Bros., L.P.
SoundView Financial Group, Inc.
Underwriting for #10
- --------------------
Merrill Lynch, Pierce, Fenner & Smith Incorporated
CIBC Oppenheimer Corp.
Cowen & Co.
Donaldson, Lufkin & Jenrette Securities Corp.
Furman Selz LLC
Lazard Freres & Co. LLC
NationsBanc Montgomery Securities, Inc.
Morgan Stanley Dean Witter
Charles Schwab & Co., Inc.
Adams Harkness & Hill, Inc.
Dain Rauscher Wessels
First Albany Corporation
McDonald & Company Securities, Inc.
Needham & Co. Inc.
Raymond James & Associates Inc.
SoundView Financial Group, Inc.
Sutro & Company Inc.
Underwriting for #11
- --------------------
Morgan Stanley & Co. Incorporated
Goldman, Sachs & Co.
Donaldson, Lufkin & Jenrette Securities Corporation
BT Alex Brown Incorporated
A.G. Edwards & Sons, Inc.
Furman Selz LLC
Underwriting for #11 (con't)
- ----------------------------
Hambrecht & Quist LLC
Lazard Freres & Co. LLC
Smith Barney Inc.
Wasserstein Perella Securities, Inc.
Blaylock & Partners, L.P.
Chatsworth Securities LLC
Cowen & Company
Dominick & Dominick, Incorporated
First of Michigan Corporation
Gabelli & Company, Inc.
Janney Montgomery Scott inc.
Edward D. Jones & Co., L.P.
McDonald & company Securities, Inc.
Needham & Company, iNc.
The Nikko Securities Co.
Nomura Securities International, Inc.
Muriel Siebert & Co., Inc.
Stephens Inc.
Utendahl Capital Partners, L.P.
The Williams Capital Group, L.P.
Underwriting for #12
- --------------------
Credit Suisse First boston Corporation
BancAmerica Robertson Stephens
Bear, Stearns & Co., Inc.
BT Alex. Brown Incorporated
A.G. Edwards & Sons, Inc.
Furman Selz LLC
Lehamn Brothers Inc.
Merrill Lynch, Pierce, Fenner & Smith Incorporated
Morgan Stanley & Co., Incorporated
SBC Warburg Dillon Read Inc.
Salomon Smith Barney
William Blair & Company, LLC
J.C. Bradford & Co.
Underwriting for #12 (con't)
- ----------------------------
First Albany Corporation
Gerard Klauer Mattison & Co.
Johnston, Lemon & Co. Incorporated
C.L. King & Associates, Inc.
Ladenburg Thalmann & Co. Inc.
Pennsylvania Merchant Group
The Robinson-Humphrey Company, LLC
Roney & Co., LLC
Sanders Morris Mundy
Stephens Inc.
Underwriting for #13
- --------------------
Bear, Stearns & Co., Inc.
Furman Selz LLC
Goldman, Sachs & Co.
Smith Barney Inc.
ABN AMRO Incorporated
Allen & Company Incorporated
CIBC Oppenheimer Corp.
Credit Suisse First Boston Corporation
A.G. Edwards & Sons, Inc.
Lehman Brothers Inc.
Merrill Lynch, Pierce, Fenner & Smith Incorporated
J.P. Morgan Securities Inc.
Morgan Stanley & Co., Incorporated
NationsBanc Montgomery Securities LLC
PaineWebber Incorporated
Prudential Securities Incorporated
SBC Warburg Dillon Read Inc.
Sands Brothers & Co., Ltd.
Advest, Inc.
Robert W. Baird & Co. Incorporated
George K. Baum & Company
William Blair & Company, LLC
J.C. Bradford & Co.
Burnham Securities Inc.
Chatsworth Securities, LLC
Underwriting for #13
- --------------------
Gabelli & Company, Inc.
Gerard Klauer Mattison & Co., LLC
GS2Securities, Inc.
Hanifen, Imhoff Inc.
Hoak Breedlove Wesneski & Co.
Janney Montgomery Scott Inc.
Johnston, Lemon & Co., Incorporated
Edward D. Jones & Co., LP
C.L. King & Associates, Inc.
Ladenburg Thalmann & Co., Inc.
Needham & Company, Inc.
Ormes Capital Markets, Inc.
Parker/Hunter Incorporated
Pennsylvania Merchant Group
Roney & Co. LLC
Ryan, Beck & Co.
Sanders Morris Mundy
Stifel, Nicolaus & Company, Incorporated
Sutro & Co. Incorporated
Tucker anthony Incorporated
C.E. Unterberg, Towbin
Underwriting for #14
- --------------------
Morgan Stanley & Co. Incorporated
William Blair & Company LLC
Cowen & Company
Credit Suisse First Boston Corporation
Dominick & Dominick, Incorporated
A.G. Edwards & Sons, Inc.
Interstate/Johnson Lane Corporation
Janney Montgomery Scott Inc.
Edward D. Jones & Co., L.P.
Morgan Keegan & Company, Inc.
Pennsylvania Merchant Group LTD
Piper Jaffray Inc.
Underwriting for #14
- --------------------
Redwine & Company, Inc.
Smith Barney Inc.
C.E. Unterberg, Towbin
Vector Securities International, Inc.
Underwriting for #15
- --------------------
BT Alex. Brown Incorporated
Morgan Stanley & Co. Incorporated
Bear, Stearns & Co. Inc.
Goldman, Sachs & Co.
NationsBanc Montgomery Securities LLC
Smith Barney Inc.
Underwriting for #16
- --------------------
Credit Suisse First Boston Corporation
BT Alex. Brown Incorporated
Morgan Stanley & Co. Incorporated
Bear, Stearns & Co. Inc.
Goldman, Sachs & Co.
NationsBanc Montgomery Securities LLC
Smith Barney Inc.
Underwriting for #17
- --------------------
Morgan Stanley & Co. Incorporated
Donaldson, Lufkin & Jenrette Securities Corporation
Hambrecht & Quist LLC
BancAmerica Robertson Stephens
Dain Rauscher Wessels
A.G. Edwards & Sons, Inc.
Goldman, Sachs & Co.
Hoak Breedlove Wesneski & Co.
ING Baring Furman Selz LLC
Jefferies & Company, Inc.
Underwriting for #17 (Con't)
- ----------------------------
Edward D. Jones & Co., L.P.
Morgan Keegan & Company,Inc.
Paine Webber Incorporated
Brad Peery Inc.
Ragen MacKenzie Incorporated
Sanders Morris Mundy Inc.
C.E. Unterberg, Towbin
Wedbush Morgan Securities
Underwriting for #18
- --------------------
BT Alex. Brown Incorporated
NationsBanc Montgomery Securities LLC
Dain Rauscher Wessels
BancAmerica Robertson Stephens
Bear, Stearns & Co. Inc.
Credit Suisse First Boston Corporation
Donaldson, Lufkin & Jenrette Securities Corporation
Hambrecht & Quist LLC
Morgan Stanley & Co. Incorporated
PaineWebber Incorporated
Adams, Harkness & Hill, Inc.
Advest, Inc.
Gerard Klauer Mattison & Co., Inc.
Legg Mason Wood Walker, Incorporated
Pennsylvania Merchant Group
Soundview Financial Group, Inc.
C.E. Unterberg, Towbin
Van Kasper & Company
Wheat First Union
Wit Capital Corporation
Underwriting for #19
- --------------------
SoundView Financial Group, Inc.
Raymond James & Associates, Inc.
BancAmerica Robertson Stephens
Bear, Stearns & Co. Inc.
Underwriting for #19 (con't)
- ----------------------------
BT Alex. Brown Incorporated
CIBC Oppenheimer Corp.
Credit Suisse First Boston Corporation
Deutsche Bank Securities Inc.
Donaldson, Lufkin & Jenrette Securities Corporation
Hambrecht & Quist LLC
ING Baring Furman Selz LLC
Lehman Brothers Inc.
Morgan Stanley & Co. Incorporated
NationsBanc Montgomery Securities LLC
PaineWebber Incorporated
Prudential Securities Incorporated
SG Cowen Securities Corporation
Smith Barney Inc.
Dain Rauscher Wessels
First Albany Corporation
Friedman, Billings, Ramsey & Co., Inc.
Hanifen, Imhoff Inc.
Needham & Company, Inc.
Preferred Capital Markets, Inc.
C.E. Unterberg, Towbin
Wheat First Securities, Inc.
<PAGE>
NSAR ITEM 77O
VKAC Prospector 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 Endesa Merrill Lynch 300 0.001% 10/21/97
2 St. Joe Corporation Robert W. Baird 700 0.006% 02/10/98
3 Alstom ABN AMRO 600 0.001% 06/22/98
4 Rhodia ADS Bear Stearns 100 0.001% 06/25/98
</TABLE>
<PAGE>
Other Firms participating in Underwriting:
Underwriting for #1
- -------------------
Merrill Lynch, Inc.
Morgan Stanley & Co., Inc.
Bear, Stearns & Co., Inc.
Credit Suisse First Boston Corporation
Goldman, Sachs & Co.
PaineWebber Incorporated
Salomon Brothers Inc.
Santander Investment Securities Inc.
BBV LatInvest Securities Inc.
A.G. Edwards & Sons, Inc.
J.P. Morgan Securities Inc.
Prudential Securities Incorporated
Schroder & Co., Inc.
CIBC Wood Gundy Securities Inc.
Robert W. Baird & Co. Incorporated
EVEREN Securities, Inc.
Janney Montgomery Scott Inc.
Edward D. Jones & Co., L.P.
Legg Mason Wood Walker, Inc.
McDonald & Company Securities, Inc.
Piper Jaffray Inc.
Wheat, First Securities, Inc.
Underwriting for #2
- -------------------
Morgan Stanley & Co. Incorporated
Donaldson, Lufkin & Jenrette Securities Corporation
BT Alex.Brown Incorporated
A.G. Edwards & Sons, 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.
Underwriting for #2 (con't)
- ---------------------------
Value Investment Partners, Inc.
Wasserstein Perella Securities, Inc.
Underwriting for #3
- -------------------
Goldman Sachs International
Societe Generale
Morgan Stanely & 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 Lyonnais Securities
Deutsche Bank AG London
Generale Bank
Lehman Brothers International (Europe)
Merrill Lynch International
Underwriting for #4
- -------------------
Swiss Bank Corporation, acting through its division, SBC Warburg Dillon Read
Morgan Stanley & Co. Incorporated
Donaldson, Lufkin & Jenrette Interational
BT Alex. Brown International
Credit Suisse First Boston (Europe) Limited
Goldman Sachs International
Paribas
Credit Agricole Indosuez
Banque Nationale de Paris
Credit Lyonnais
Credit Commercial de France
ABN AMRO Rothschild
Dresdner Kleinwort Benson
Nomura International plc
Societe Generale
<PAGE>
NSAR ITEM 77O
VKAC Value 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 Capstar Broadcasting Corp. Salomon Smith Barney 300 0.001% 05/26/98
2 Rhodia ADS Bear Stearns 100 0.001% 06/25/98
</TABLE>
<PAGE>
Other Firms participating in Underwriting:
Underwriting for # 1
- --------------------
BT Alex. Brown Incorporated
Morgan Stanley & Co. Incorporated
Bear, Stearns & Co. Inc.
Goldman, Sachs & Co.
NationsBanc Montgomery Securities LLC
Smith Barney Inc.
Underwriting for #2
Swiss Bank Corporation, acting through its division, SBC Warburg Dillon Read
Morgan Stanley & Co. Incorporated
Donaldson, Lufkin & Jenrette Interational
BT Alex. Brown International
Credit Suisse First Boston (Europe) Limited
Goldman Sachs International
Paribas
Credit Agricole Indosuez
Banque Nationale de Paris
Credit Lyonnais
Credit Commercial de France
ABN AMRO Rothschild
Dresdner Kleinwort Benson
Nomura International plc
Societe Generale
<PAGE>
NSAR ITEM 77O
VKAC Aggressive Growth 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 UTI Energy Corp. Prudential Securities 20,000 0.338% 09/30/97
2 U.S.A. Floral Products, Inc. Robertson, Stephens 13,150 0.263% 10/09/97
3 Concord Communications, Inc. Montgomery Securities 23,700 0.817% 10/15/97
4 Concord Communications, Inc. Robertson, Stephens 5,000 0.172% 10/15/97
5 Concord Communications, Inc. Wessels, Arnold & 1,000 0.034% 10/15/97
Henderson
6 Jones Apparel Group Merrill Lynch 5,000 0.111% 10/16/97
7 American Disposal Services, Inc. Oppenheimer & Co. 35,000 0.583% 10/22/97
8 Dril-Quip Donaldson, Lufkin & 6,500 0.130% 10/22/97
Jenrette
9 AmeriPath Donaldson, Lufkin & 25,000 0.446% 10/22/97
Jenrette
10 Grey Wolf, Inc. First Boston 125,000 0.500% 10/29/97
11 IRI International Corporation Lehman Brothers 75,000 0.625% 11/13/97
12 Jacor Communications, Inc. Donaldson, Lufkin & 6,200 0.136% 02/03/98
Jenrette
13 Univision Communications Donaldson, Lufkin & 10,600 0.050% 02/10/98
Jenrette
14 Nutraceutical International Corp. Donaldson, Lufkin & 30,000 0.901% 02/20/98
Jenrette
15 Freedom Securities Corp. Donaldson, Lufkin & 27,500 0.372% 04/02/98
Jenrette
16 Cavanaughs Hospitality Corp. Oppenheimer 50,000 0.966% 04/03/98
17 Twinlab Corporation Bear Stearns 12,200 0.153% 04/07/98
18 Broadcom Corporation Deutshe Morgan Grenfell 4,000 0.114% 04/16/98
19 DA Consulting Group, Inc. William Blair 5,200 0.217% 04/24/98
20 Mobius Goldman Sachs 13,200 0.400% 04/27/98
21 HA-LO Industries, Inc. First Boston 20,000 0.364% 05/13/98
22 Professional Detailing, Inc. William Blair 16,200 0.579% 05/19/98
23 Cal Dive International, Inc. Raymond James 25,000 1.003% 05/21/98
24 National Equipment Services, Inc. Salomon Smith 75,000 1.071% 07/14/98
Barney
William Blair
25 Broadcast.com Donaldson, Lufkin & 3,600 0.144% 07/16/98
Jenrette
26 Cyberian Outpost, Inc. Montgomery 19,900 0.498% 07/31/98
Securities
Dain Rauscher
</TABLE>
<PAGE>
Other Firms participating in Underwriting:
Underwriting for #1
- -------------------
Prudential Securities Incorporated
Lehman Brothers Inc.
Rauscher Pierce Refsnes, Inc.
Simmons & company International
Bear, Stearns & Co., Inc.
BT Alex Brown Incorporated
Credit Suisse First Boston Corporation
Donaldson, Lufkin & Jenrette Securities Corporation
Goldman, Sachs & Co.
Howard, Weil, Labouisse, Friedrichs Incorporated
Jefferies & Company, Inc.
Lazard Freres & Co. LLC
Merrill Lynch Inc.
JP Morgan Securities Inc.
Morgan Stanley & Co. Inc.
Oppenheimer & Co., Inc.
PaineWebber Incorporated
Salomon Brothers Inc.
SBC Warburg Dillon Read Inc.
Schroder & Co., Inc.
Smith Barney Inc.
Advest, Inc.
Crowell, Weedon & Co.
Underwriting for #1 (con't)
- ---------------------------
Janney Montgomery Scott Inc.
McDonald & Company Securities, Inc.
Morgan Keegan & Company, Inc.
Petrie Parkman & Co.
Principal Financial Securities, Inc.
Sutro & Co., Incorporated
Tucker Anthony Incorporated
George K. Baum & Company
Brean Murray & Co., Inc.
First Southwest Company
Hoak Breedlove Wesneski & Co.
Johnson Rice & Company LLC
Pennsylvania Merchant Group Ltd.
Southcoast Capital Corporation
Underwriting for #2
- -------------------
Morgan Stanley & Co., Inc.
BancAmerica Robertson Stephens
Smith Barney Inc.
Advest, Inc.
J.C. Bradford & Co.
Blackford Securities Corp.
BT Alex, Brown Incorporated
Friedman, Billings, Ramsey & Co., Inc.
Furman Selz LLC
Janney Montgomery Scott Inc.
Edward D. Jones & Co., LP
Oppenheimer & Co., Inc.
Sands Brothers & Co., Ltd.
Underwriting for #3,4,& 5
- -------------------------
NationsBanc Montgomery Securities, Inc.
BancAmerica Robertson Stephens
Wessels, Arnold & Henderson, LLC
BT Alex, Brown Inc.
Bear, Stearns & Co., Inc.
Underwriting for #3,4,& 5 (con't)
- ---------------------------------
Cowne & Company
Credit Suisse First Boston Corp.
Hambrecht & Quist LLC
Morgan Stanley & Co. Incorporated
Prudential Securities Inc.
Adams, Harkness & Hill Inc.
Cruttenden Roth Incorporated
First Albany Corporation
Hampshire Securities Corp.
Soundview Financial Group
Tucker Anthony Incorporated
Volpe Brown Whelan & Company, LLC
H.C. Wainwright & Co., Inc.
Underwriting for #6
- -------------------
Merrill Lynch, Inc.
Bear, Stearns & Co., Inc.
Goldman, Sachs & Co.
BancAmerica Robertson Stephens
Donaldson, Lufkin & Jenrette Securities Corp.
Lazard Freres & Co., LLC
J.P. Morgan Securities Inc.
Morgan Stanley & Co., Incorporated
Oppenheimer & Co., Inc.
SBC Warburg Dillon Read Inc.
The Buckingham Research Group Incorporated
Black & Company, Inc.
Morgan Keegan & Company, Inc.
Rodman & Reshaw, Inc.
Tucker Anthony Incorporated
Underwriting for #7
- -------------------
Oppenheimer & Co. Inc.
Donaldson, Lufkin & Jenrette Securities Corp.
Credit Suisse First Boston Corporation
Underwriting for #7 (con't)
- ---------------------------
BT Alex, Brown Incorporated
Cowen & Company
Deutsche Morgan Grenfell Inc.
A.G. Edwards & Sons, Inc.
Goldman, Sachs & Co.
Lazard Freres & Co., LLC
Lehamn Brothers Inc.
Merrill Lynch, Inc.
Morgan Stanley & Co., Inc.
PaineWebber Incorporated
Prudential Securities Inc.
SBC Warburg Dillon Read Inc.
Schroder & Co., Inc.
Smith Barney Inc.
First Analysis Securities Corporation
GS2 Securities, Inc.
Pacific Growth Equities, Inc.
Robert W. Baird & Co., Inc.
William Blair & Company, LLC
J.C. Bradford & Co.
Crowell, Weedon & Co.
Fahnestock & Co., Inc.
Furman Selz LLC
Gruntal & Co., LLC
Jefferies & Company
C.L. King & Associates, Inc.
Legg Mason Wood Walker, Inc.
McDonald & Company Securities, Inc.
Mortgan Keegan & Company, Inc.
Parker/Hunter Inc.
Rauscher Pierce Refsnes, Inc.
Raymond James & Associates, Inc.
The Robinson-Humphrey Company, LLC
Sanders Morris Mundy Inc.
Tucker Anthony Incorporated
Van Kasper & Company
H.G. Wellington & Co., Inc.
Wheat First Butcher Singer
Underwriting for #8
- -------------------
Morgan Stanley & Co., Inc.
Donaldson, Lufkin & Jenrette Securities Corp.
Howard, Weil, Labouisse, Friedrichs Inc.
Morgan Keegan & Company, Inc.
Simmons & Company
Underwriting for #9
- -------------------
Donaldson, Lufkin & Jenrette Securities Corporation
Morgan, Stanley & Co. Incorporated
Smith Barney Inc.
Piper Jaffray Inc.
BancAmerica Robertson Stephens
Bear, Stearns & Co., Inc.
BT Alex, Brown Incorporated
Cowen & Company
A.G. Edwards & Sons, Inc.
Hambrecht & Quist LLC
Lehman Brothers Inc.
Merrill Lynch, Inc.
Advest, Inc.
D.A. Davidson & Co.
Fahnestock & Co., Inc.
Interstate/Johnson Lane Corporation
McDonald & Company Securities, Inc.
Needham & Company, Inc.
Parker/Hunter Incorporated
Principal Financial Securities, Inc.
Raymond James & Associates, Inc.
Redwine & Company Inc.
The Robinson-Humphrey Company, Inc.
Roney & Co., LLC
Scott & Stringfellow, Inc.
Loewenbaum & Company Incorporated
Southeast Research Partners, Inc.
Tucker Anthony Incorporated
Underwriting for #10
- --------------------
Credit Suisse First Boston Corporation
BT Alex, Brown Incorporated
Donaldson, Lufkin & Jenrette Securities Corporation
Howard, Weil, Labouisse, Friedrichs Incorporated
Johnson Rice & Company LLC
Gaines, Berland Inc.
Invemed Associates, Inc.
Jefferies & Company, Inc.
Lehman Brothers Inc.
Merit Capital Associates, Inc.
Merrill Lynch, Inc.
Morgan Keegan & Company, Inc.
Prime Charter Ltd.
Prudential Securities Inc.
Rauscher Pierce Refsnes, Inc.
Raymond James & Associates, Inc.
Salomon Brothers Inc.
Sanders Morris Mundy
Schroder & Co., Inc.
Charles Schwab & Co., Inc.
Simmons & Company International
Underwriting for #11
- --------------------
Lehman Brothers Inc.
Howard, Weil, Labouisse, Friedrichs Incorporated
Prudential Securities Incorporated
Credit Lyonnais Securities (USA) Inc.
Bear, Stearns & Co., Inc.
CIBC Oppenheimer Corp.
Credit Suisse First Boston Corporation
Donaldson, Lufkin & Jenrette Securities Corporation
Goldman, Sachs & Co.
Merrill Lynch, Inc.
Morgan Stanley & Co., Inc.
Salomon Brothers Inc.
SBC Warburg Dillon Read Inc.
Underwriting for #11 (con't)
- ----------------------------
Schroder & Co.
Jefferies & Company, Inc.
Legg mason Wood Walker Inc.
LoewenBaum & Company, Inc.
Petrie Parkman & Co., Inc.
Rascher Pierce Refsnes, Inc.
Raymond James & Associates, Inc.
Sanders Morris Mundy Inc.
Sands Brothers & Co., Ltd.
Simmons & Company International
Stephens Inc.
Underwriting for #12
- --------------------
Goldman, Sachs & Co.
Morgan Stanley & Co. Incorporated
Salomon Smith Barney
Chase Securities Inc.
CIBC Oppenheimer Corp
Dresdner Kleinwort Benson North America LLC
NationsBanc Montgomery Securities LLC
Genesis Merchant Group Securities
TD Securities Inc.
Underwriting for #13
- --------------------
Goldman, Sachs & Co.
Merrill Lynch, Pierce, Fenner & Smith Incorporated
Morgan Stanley & Co., Incorporated
BT Alex Brown Incorporated
NationsBanc Montgomery Securities LLC
Schroder & Co. Inc.
CIBC Oppenheimer Corp.
Deutsche Morgan Grenfell Inc.
Furman Selz LLC
Salomon Smith Barney
Arnhold and S. Bleichroeder, Inc.
Underwriting for #13 (con't)
- ----------------------------
Gabelli & Company, Inc.
Hoak Breedlove Wesneski & Co.
McDonald & Company Securities, Inc.
Tucker Anthony Incorporated
C.E. Unterberg, Towbin
Underwriting for #14
- --------------------
Smith Barney Inc.
Bear, Stearns & Co., Inc.
Credit Suisse First boston Corporation
Goldman, Sachs & Co.
Merrill Lynch, Pierce, Fenner & Smith Incorporated
Morgan Stanley & Co. Incorporated
NationBanc Montgomery Securities LLC
Paine Webber Incorporated
SBC Warburg Dillon Read Inc.
Adams, Harkness & Hill, Inc.
Crowell, Weedon & Co.
EVEREN Securities, Inc.
Fahnestock & Co., Inc.
Janney Montgomery Scott Inc.
Johnston, Lemon & Co. Incorporated
C. L. King & Associates, Inc.
Legg Mason Wood Walker, Incorporated
McDonald & Company Securities, Inc.
Parker/Hunter Incorporated
Pennsylvania Merchant Group LTD
Piper Jaffray Inc.
Ragen Mackenzie Incorporated
Raymond James & Associates, Inc.
Roney & Co., LLC
Ryan, Beck & Co.
Sands Brothers & Co., Ltd.
Sutro & Co. Incorporated
Tucker Anthony Incorporated
Underwriting for #15
- --------------------
Credit Suisse First Boston Corporation
Sutro & Co. Incorporated
Tucker Anthony Incorporated
BancAmerica Robertson Stephens
Bear, Stearns & Co. Inc.
CIBC Oppenheimer Corp.
Cowen & Company
Credit Lyonnaise Securities Inc.
A.G. Edwards & Cons, Inc.
Furman Selz LLC
Goldman, Sachs & Co.
Hambrecht & Quist LLC
Lazard Freres & Co. LLC
Lehman Brothers Inc.
Merrill Lynch, Pierce, Fenner & Smith Incorporated
Morgan Stanley & Co. Incorporated
J.P. Morgan Securities Inc.
NationsBanc Montgomery Securities LLC
PaineWebber Incorporated
Prudential Securities Incorporated
SBC Warburg Dillon Read Inc.
Salomon Smith Barney
Adams, Harkness & Hill, Inc.
Advest, Inc.
William Blair & Company, LLC
C.E. Unterberg, Towbin
Crowell, Weedon & Co.
Dain Rauscher Incorporated
D.A. Davidson & Co., Inc.
EVEREN Securities, Inc.
Friedman, Billings, Ramsey & Co., Inc.
Interstate/Johnson Lane Corporation
Janney Montgomery Scott Inc.
Jefferies & Company, Inc.
Ladenburg Thalmann & Co. Inc.
Legg Mason Wood Walker, Incorporated
McDonald & Company Securities, Inc.
Moors & Cabot, Inc.
Underwriting for #15 (con't)
- ----------------------------
Morgan Keegan & Company, Inc.
Parker/Hunter Incorporated
Pennsylvania Merchant Group
Piper Jaffray Inc.
Raymond James & Associates, Inc.
Scott & Stringfellow, Inc.
Stifel, Nicolaus & Company, Incorporated
Van Kasper & Company
Wedbush Morgan Securities, Inc.
Underwriting for #16
- --------------------
NationsBanc Montgomery Securities LLC
BT Alex.Brown Incorporated
A.G. Edwards & Sons, Inc.
Lehman Brothers Inc.
Morgan Stanley & Co. Incorporated
Salomon Brothers Inc.
Schroder & Co. Inc.
Brean Murray & Co., Inc.
Burnham Securities Inc.
Dain Rauscher Incorporated
D.A. Davidson & Co., Inc.
EVEREN Securities, Inc.
Edward D. Jones & Co., LP
Landenburg Thalmann & Co. Inc.
Piper Jaffray Inc.
Ragen Mackenzie Incorporated
Sands Brothers & Co., Ltd.
Underwriting for #17
- --------------------
Donaldson, Lufkin & Jenrette Securities Corporation
Adams, Harkness & Hill, Inc.
Lehman Brothers Inc.
Smith Barney Inc.
BT Alex Brown Incorporated
Underwriting for #17 (con't)
- ----------------------------
Chase Securities Inc.
Cowen & Company
Credit Suisse First Boston Corporation
Dresdner Kleinwort Benson North America LLC
Furman Selz LLC
Hambrecht & Quist LLC
Merrill Lynch, Pierce, Fenner & Smith Incorporated
Morgan Stanley & Co. Incorporated
NationsBanc Montgomery Securities LLC
PaineWebber Incorporated
Commonwealth Associated
Gabelli & Company Inc.
Gaines, Berland Inc.
Hanifen, Imhoff Inc.
HSBC Securities, Inc.
J.W. Charles Securities, Inc.
Parker/Hunter Incorporated
Piper Jaffray Inc.
Raymond James & Associates, Inc.
Tucker Anthony Incorporated
Underwriting for #18
- --------------------
Morgan Stanley & Co. Incorporated
BT Alex. Brown Incorporated
Hambrecht & Quist LLC
Dain Rauscher Incorporated
A.G. Edwards & Sons, Inc.
Edward D. Jones & Co., L.P.
Ladenburg Thalmann & Co., inc.
NationsBanc Montgomery Securities LLC
Needham & Company, Inc.
Brad Peery Inc.
Wedbush Morgan Securities
Underwriting for #19
- --------------------
Goldman, Sachs & Co.
NationsBanc Montgomery Securities LLC
BancAmerica Robertson Stephens
CIBC Oppenheimer Corp.
Merrill Lynch, Pierce, Fenner & Smith, Incorporated
Cowen & Company
First Albany Corporation
Kaufman Bros., L.P.
SoundView Financial Group, Inc.
Underwriting for #20
- --------------------
Morgan Stanley & Co. Incorporated
William Blair & Company LLC
Cowen & Company
Credit Suisse First Boston Corporation
Dominick & Dominick, Incorporated
A.G. Edwards & Sons, Inc.
Interstate/Johnson Lane Corporation
Janney Montgomery Scott Inc.
Edward D. Jones & Co., L.P.
Morgan Keegan & Company, Inc.
Pennsylvania Merchant Group LTD
Piper Jaffray Inc.
Redwine & Company, Inc.
Smith Barney Inc.
C.E. Unterberg, Towbin
Vector Securities International, Inc.
Underwriting for #21
- --------------------
Morgan Stanley & Co. Incorporated
Simmons & Company International
Gaines, Berland Inc.
Jefferies & Company, Inc.
Sanders Morris Mundy Inc.
Van Kasper & Company
Underwriting for #22
- --------------------
Morgan Stanley & Co. Incorporated
William Blair & Company, LLC
Hambrecht & Quist LLC
Cowen & Company
Credit Suisse First Boston Corporation
Dominick & Dominick, Incorporated
A.G. Edwards & Sons, Inc.
Interstate/Johnson Lane Corporation
Janney Montgomery Scott Inc.
Edward D. Jones & Co., LP
Morgan Keegan & Company, Inc.
Pennsylvania Merchant Group LTD
Piper Jaffray Inc.
Redwine & Company, Inc.
Smith Barney Inc.
C.E. Unterberg, Towbin
Vector Securities International, Inc.
Underwriting for #23
- --------------------
Morgan Stanley & Co. Incorporated
Raymond James & Associates, Inc.
Simmons & Company International
Gaines, Berland Inc.
Jefferies & Company, Inc.
Sanders Morris Mundy Inc.
Van Kasper & Company
Underwriting for #24
- --------------------
Smith Barney Inc.
William Blair & Company, LLC
Credit Suisse First Boston Corporation
Donaldson, Lufkin & Jenrette Securities Corporation
NationsBanc Montgomery Securities LLC
ABN AMRO Incorporated
BancAmerica Robertson Stephens
Underwriting for #24 (con't)
- ----------------------------
BT Alex. Brown Incorporated
CIBC Oppenheimer Corp.
Goldman, Sachs & Co.
Lehman Brothers Inc
Merrill Lynch, Pierce, Fenner & smith Incorporated
Morgan Stanley & Co. Incorporated
George K. Baum & company
Janney Montgomery Scott Inc.
C.L. King & Associates
Legg Mason Wood Walker, Incorporated
McDonald & Company Securities, Inc.
Wheat First Union
Underwriting for #25
- --------------------
Morgan Stanley & Co. Incorporated
Donaldson, Lufkin & Jenrette Securities Corporation
Hambrecht & Quist LLC
BancAmerica Robertson Stephens
Dain Rauscher Wessels
A.G. Edwards & Sons, Inc.
Goldman, Sachs & Co.
Hoak Breedlove Wesneski & Co.
ING Baring Furman Selz LLC
Jefferies & Company, Inc.
Edward D. Jones & Co., LP
Morgan Keegan & Company, Inc.
PaineWebber Incorporated
Brad Peery Inc.
Ragen MacKenzie Incorporated
Sanders Morris Mundy Inc.
C.E. Unterberg, Towbin
Wedbush Morgan Securities
Underwriting for #26
- --------------------
BT Alex. Brown Incorporated
NationsBanc Montgomery Securities LLC
Dain Rauscher Wessels
BancAmerica Robertson Stephens
Bear, Stearns & Co. Inc.
Credit Suisse First Boston Corporation
Donaldson, Lufkin & Jenrette Securities Corporation
Hambrecht & Quist LLC
Morgan Stanley & Co. Incorporated
PaineWebber Incorporated
Adams, Harkness & Hill, Inc.
Advest, Inc.
Gerard Klauer Mattison & Co., Inc.
Legg Mason Wood Wlaker, Incorporated
Pennsylvania Merchant Group
Soundview Financial Group, Inc
C.E. Unterberg, Towbin
Van Kasper & Company
Wheat First Union
Wit Capital Corporation
<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> UTILITY CLASS A
<MULTIPLIER> 1
<S> <C>
<PERIOD-TYPE> 3-MOS
<FISCAL-YEAR-END> MAR-31-1999
<PERIOD-START> JUL-01-1998
<PERIOD-END> SEP-30-1998
<INVESTMENTS-AT-COST> 113,446,021 <F1>
<INVESTMENTS-AT-VALUE> 151,075,307 <F1>
<RECEIVABLES> 1,225,242 <F1>
<ASSETS-OTHER> 0 <F1>
<OTHER-ITEMS-ASSETS> 2,284 <F1>
<TOTAL-ASSETS> 152,302,833 <F1>
<PAYABLE-FOR-SECURITIES> 0 <F1>
<SENIOR-LONG-TERM-DEBT> 0 <F1>
<OTHER-ITEMS-LIABILITIES> 828,323 <F1>
<TOTAL-LIABILITIES> 828,323 <F1>
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 45,508,657
<SHARES-COMMON-STOCK> 3,406,529
<SHARES-COMMON-PRIOR> 3,421,515
<ACCUMULATED-NII-CURRENT> (257,407)<F1>
<OVERDISTRIBUTION-NII> 0 <F1>
<ACCUMULATED-NET-GAINS> 1,366,190 <F1>
<OVERDISTRIBUTION-GAINS> 0 <F1>
<ACCUM-APPREC-OR-DEPREC> 37,629,286 <F1>
<NET-ASSETS> 60,016,735
<DIVIDEND-INCOME> 1,130,830 <F1>
<INTEREST-INCOME> 202,081 <F1>
<OTHER-INCOME> 0 <F1>
<EXPENSES-NET> (666,140)<F1>
<NET-INVESTMENT-INCOME> 666,771 <F1>
<REALIZED-GAINS-CURRENT> 1,415,006 <F1>
<APPREC-INCREASE-CURRENT> (1,616,613)<F1>
<NET-CHANGE-FROM-OPS> 465,164 <F1>
<EQUALIZATION> 0 <F1>
<DISTRIBUTIONS-OF-INCOME> (403,605)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 157,372
<NUMBER-OF-SHARES-REDEEMED> (191,800)
<SHARES-REINVESTED> 19,442
<NET-CHANGE-IN-ASSETS> (397,357)
<ACCUMULATED-NII-PRIOR> (57,582)<F1>
<ACCUMULATED-GAINS-PRIOR> (48,816)<F1>
<OVERDISTRIB-NII-PRIOR> 0 <F1>
<OVERDIST-NET-GAINS-PRIOR> 0 <F1>
<GROSS-ADVISORY-FEES> 243,069 <F1>
<INTEREST-EXPENSE> 0 <F1>
<GROSS-EXPENSE> 666,140 <F1>
<AVERAGE-NET-ASSETS> 58,739,435
<PER-SHARE-NAV-BEGIN> 17.657
<PER-SHARE-NII> 0.099
<PER-SHARE-GAIN-APPREC> (0.018)
<PER-SHARE-DIVIDEND> (0.120)
<PER-SHARE-DISTRIBUTIONS> 0.000
<RETURNS-OF-CAPITAL> 0.000
<PER-SHARE-NAV-END> 17.618
<EXPENSE-RATIO> 1.32
<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> UTILITY CLASS B
<MULTIPLIER> 1
<S> <C>
<PERIOD-TYPE> 3-MOS
<FISCAL-YEAR-END> MAR-31-1999
<PERIOD-START> JUL-01-1998
<PERIOD-END> SEP-30-1998
<INVESTMENTS-AT-COST> 113,446,021 <F1>
<INVESTMENTS-AT-VALUE> 151,075,307 <F1>
<RECEIVABLES> 1,225,242 <F1>
<ASSETS-OTHER> 0 <F1>
<OTHER-ITEMS-ASSETS> 2,284 <F1>
<TOTAL-ASSETS> 152,302,833 <F1>
<PAYABLE-FOR-SECURITIES> 0 <F1>
<SENIOR-LONG-TERM-DEBT> 0 <F1>
<OTHER-ITEMS-LIABILITIES> 828,323 <F1>
<TOTAL-LIABILITIES> 828,323 <F1>
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 62,839,738
<SHARES-COMMON-STOCK> 4,869,237
<SHARES-COMMON-PRIOR> 4,921,099
<ACCUMULATED-NII-CURRENT> (257,407)<F1>
<OVERDISTRIBUTION-NII> 0 <F1>
<ACCUMULATED-NET-GAINS> 1,366,190 <F1>
<OVERDISTRIBUTION-GAINS> 0 <F1>
<ACCUM-APPREC-OR-DEPREC> 37,629,286 <F1>
<NET-ASSETS> 85,644,473
<DIVIDEND-INCOME> 1,130,830 <F1>
<INTEREST-INCOME> 202,081 <F1>
<OTHER-INCOME> 0 <F1>
<EXPENSES-NET> (666,140)<F1>
<NET-INVESTMENT-INCOME> 666,771 <F1>
<REALIZED-GAINS-CURRENT> 1,415,006 <F1>
<APPREC-INCREASE-CURRENT> (1,616,613)<F1>
<NET-CHANGE-FROM-OPS> 465,164 <F1>
<EQUALIZATION> 0 <F1>
<DISTRIBUTIONS-OF-INCOME> (434,941)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 211,757
<NUMBER-OF-SHARES-REDEEMED> (284,436)
<SHARES-REINVESTED> 20,817
<NET-CHANGE-IN-ASSETS> (1,125,766)
<ACCUMULATED-NII-PRIOR> (57,582)<F1>
<ACCUMULATED-GAINS-PRIOR> (48,816)<F1>
<OVERDISTRIB-NII-PRIOR> 0 <F1>
<OVERDIST-NET-GAINS-PRIOR> 0 <F1>
<GROSS-ADVISORY-FEES> 243,069 <F1>
<INTEREST-EXPENSE> 0 <F1>
<GROSS-EXPENSE> 666,140 <F1>
<AVERAGE-NET-ASSETS> 84,004,330
<PER-SHARE-NAV-BEGIN> 17.632
<PER-SHARE-NII> 0.065
<PER-SHARE-GAIN-APPREC> (0.018)
<PER-SHARE-DIVIDEND> (0.090)
<PER-SHARE-DISTRIBUTIONS> 0.000
<RETURNS-OF-CAPITAL> 0.000
<PER-SHARE-NAV-END> 17.589
<EXPENSE-RATIO> 2.08
<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> UTILITY CLASS C
<MULTIPLIER> 1
<S> <C>
<PERIOD-TYPE> 3-MOS
<FISCAL-YEAR-END> MAR-31-1999
<PERIOD-START> JUL-01-1998
<PERIOD-END> SEP-30-1998
<INVESTMENTS-AT-COST> 113,446,021 <F1>
<INVESTMENTS-AT-VALUE> 151,075,307 <F1>
<RECEIVABLES> 1,225,242 <F1>
<ASSETS-OTHER> 0 <F1>
<OTHER-ITEMS-ASSETS> 2,284 <F1>
<TOTAL-ASSETS> 152,302,833 <F1>
<PAYABLE-FOR-SECURITIES> 0 <F1>
<SENIOR-LONG-TERM-DEBT> 0 <F1>
<OTHER-ITEMS-LIABILITIES> 828,323 <F1>
<TOTAL-LIABILITIES> 828,323 <F1>
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 4,388,046
<SHARES-COMMON-STOCK> 330,726
<SHARES-COMMON-PRIOR> 332,912
<ACCUMULATED-NII-CURRENT> (257,407)<F1>
<OVERDISTRIBUTION-NII> 0 <F1>
<ACCUMULATED-NET-GAINS> 1,366,190 <F1>
<OVERDISTRIBUTION-GAINS> 0 <F1>
<ACCUM-APPREC-OR-DEPREC> 37,629,286 <F1>
<NET-ASSETS> 5,813,302
<DIVIDEND-INCOME> 1,130,830 <F1>
<INTEREST-INCOME> 202,081 <F1>
<OTHER-INCOME> 0 <F1>
<EXPENSES-NET> (666,140)<F1>
<NET-INVESTMENT-INCOME> 666,771 <F1>
<REALIZED-GAINS-CURRENT> 1,415,006 <F1>
<APPREC-INCREASE-CURRENT> (1,616,613)<F1>
<NET-CHANGE-FROM-OPS> 465,164 <F1>
<EQUALIZATION> 0 <F1>
<DISTRIBUTIONS-OF-INCOME> (28,050)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 49,447
<NUMBER-OF-SHARES-REDEEMED> (52,596)
<SHARES-REINVESTED> 963
<NET-CHANGE-IN-ASSETS> (52,312)
<ACCUMULATED-NII-PRIOR> (57,582)<F1>
<ACCUMULATED-GAINS-PRIOR> (48,816)<F1>
<OVERDISTRIB-NII-PRIOR> 0 <F1>
<OVERDIST-NET-GAINS-PRIOR> 0 <F1>
<GROSS-ADVISORY-FEES> 243,069 <F1>
<INTEREST-EXPENSE> 0 <F1>
<GROSS-EXPENSE> 666,140 <F1>
<AVERAGE-NET-ASSETS> 5,573,018
<PER-SHARE-NAV-BEGIN> 17.619
<PER-SHARE-NII> 0.070
<PER-SHARE-GAIN-APPREC> (0.022)
<PER-SHARE-DIVIDEND> (0.090)
<PER-SHARE-DISTRIBUTIONS> 0.000
<RETURNS-OF-CAPITAL> 0.000
<PER-SHARE-NAV-END> 17.577
<EXPENSE-RATIO> 2.09
<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> GREAT AMERICAN COS. A
<MULTIPLIER> 1
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> MAR-31-1999
<PERIOD-START> JUL-01-1998
<PERIOD-END> SEP-30-1998
<INVESTMENTS-AT-COST> 1,390,894 <F1>
<INVESTMENTS-AT-VALUE> 1,493,138 <F1>
<RECEIVABLES> 26,592 <F1>
<ASSETS-OTHER> 18,177 <F1>
<OTHER-ITEMS-ASSETS> 111,099 <F1>
<TOTAL-ASSETS> 1,649,006 <F1>
<PAYABLE-FOR-SECURITIES> 12,638 <F1>
<SENIOR-LONG-TERM-DEBT> 0 <F1>
<OTHER-ITEMS-LIABILITIES> 38,072 <F1>
<TOTAL-LIABILITIES> 50,710 <F1>
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 1,236,456
<SHARES-COMMON-STOCK> 100,925
<SHARES-COMMON-PRIOR> 100,925
<ACCUMULATED-NII-CURRENT> (23,025)<F1>
<OVERDISTRIBUTION-NII> 0 <F1>
<ACCUMULATED-NET-GAINS> 128,231 <F1>
<OVERDISTRIBUTION-GAINS> 0 <F1>
<ACCUM-APPREC-OR-DEPREC> 102,244 <F1>
<NET-ASSETS> 1,393,698
<DIVIDEND-INCOME> 3,272 <F1>
<INTEREST-INCOME> 0 <F1>
<OTHER-INCOME> 0 <F1>
<EXPENSES-NET> (5,487)<F1>
<NET-INVESTMENT-INCOME> (2,215)<F1>
<REALIZED-GAINS-CURRENT> (67,264)<F1>
<APPREC-INCREASE-CURRENT> (198,885)<F1>
<NET-CHANGE-FROM-OPS> (268,364)<F1>
<EQUALIZATION> 0 <F1>
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 0
<NUMBER-OF-SHARES-REDEEMED> 0
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> (234,011)
<ACCUMULATED-NII-PRIOR> (20,810)<F1>
<ACCUMULATED-GAINS-PRIOR> 195,495 <F1>
<OVERDISTRIB-NII-PRIOR> 0 <F1>
<OVERDIST-NET-GAINS-PRIOR> 0 <F1>
<GROSS-ADVISORY-FEES> 3,081 <F1>
<INTEREST-EXPENSE> 0 <F1>
<GROSS-EXPENSE> 57,505 <F1>
<AVERAGE-NET-ASSETS> 1,518,666
<PER-SHARE-NAV-BEGIN> 16.128
<PER-SHARE-NII> (0.019)
<PER-SHARE-GAIN-APPREC> (2.300)
<PER-SHARE-DIVIDEND> 0.000
<PER-SHARE-DISTRIBUTIONS> 0.000
<RETURNS-OF-CAPITAL> 0.000
<PER-SHARE-NAV-END> 13.809
<EXPENSE-RATIO> 1.58
<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> 42
<NAME> GREAT AMERICAN COS. B
<MULTIPLIER> 1
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> MAR-31-1999
<PERIOD-START> JUL-01-1998
<PERIOD-END> SEP-30-1998
<INVESTMENTS-AT-COST> 1,390,894 <F1>
<INVESTMENTS-AT-VALUE> 1,493,138 <F1>
<RECEIVABLES> 26,592 <F1>
<ASSETS-OTHER> 18,177 <F1>
<OTHER-ITEMS-ASSETS> 111,099 <F1>
<TOTAL-ASSETS> 1,649,006 <F1>
<PAYABLE-FOR-SECURITIES> 12,638 <F1>
<SENIOR-LONG-TERM-DEBT> 0 <F1>
<OTHER-ITEMS-LIABILITIES> 38,072 <F1>
<TOTAL-LIABILITIES> 50,710 <F1>
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 77,195
<SHARES-COMMON-STOCK> 7,407
<SHARES-COMMON-PRIOR> 7,407
<ACCUMULATED-NII-CURRENT> (23,025)<F1>
<OVERDISTRIBUTION-NII> 0 <F1>
<ACCUMULATED-NET-GAINS> 128,231 <F1>
<OVERDISTRIBUTION-GAINS> 0 <F1>
<ACCUM-APPREC-OR-DEPREC> 102,244 <F1>
<NET-ASSETS> 102,294
<DIVIDEND-INCOME> 3,272 <F1>
<INTEREST-INCOME> 0 <F1>
<OTHER-INCOME> 0 <F1>
<EXPENSES-NET> (5,487)<F1>
<NET-INVESTMENT-INCOME> (2,215)<F1>
<REALIZED-GAINS-CURRENT> (67,264)<F1>
<APPREC-INCREASE-CURRENT> (198,885)<F1>
<NET-CHANGE-FROM-OPS> (268,364)<F1>
<EQUALIZATION> 0 <F1>
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 0
<NUMBER-OF-SHARES-REDEEMED> 0
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> (17,175)
<ACCUMULATED-NII-PRIOR> (20,810)<F1>
<ACCUMULATED-GAINS-PRIOR> 195,495 <F1>
<OVERDISTRIB-NII-PRIOR> 0 <F1>
<OVERDIST-NET-GAINS-PRIOR> 0 <F1>
<GROSS-ADVISORY-FEES> 3,081 <F1>
<INTEREST-EXPENSE> 0 <F1>
<GROSS-EXPENSE> 57,505 <F1>
<AVERAGE-NET-ASSETS> 111,466
<PER-SHARE-NAV-BEGIN> 16.129
<PER-SHARE-NII> (0.019)
<PER-SHARE-GAIN-APPREC> (2.300)
<PER-SHARE-DIVIDEND> 0.000
<PER-SHARE-DISTRIBUTIONS> 0.000
<RETURNS-OF-CAPITAL> 0.000
<PER-SHARE-NAV-END> 13.810
<EXPENSE-RATIO> 1.58
<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> 43
<NAME> GREAT AMERICAN COS. C
<MULTIPLIER> 1
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> MAR-31-1999
<PERIOD-START> JUL-01-1998
<PERIOD-END> SEP-30-1998
<INVESTMENTS-AT-COST> 1,390,894 <F1>
<INVESTMENTS-AT-VALUE> 1,493,138 <F1>
<RECEIVABLES> 26,592 <F1>
<ASSETS-OTHER> 18,177 <F1>
<OTHER-ITEMS-ASSETS> 111,099 <F1>
<TOTAL-ASSETS> 1,649,006 <F1>
<PAYABLE-FOR-SECURITIES> 12,638 <F1>
<SENIOR-LONG-TERM-DEBT> 0 <F1>
<OTHER-ITEMS-LIABILITIES> 38,072 <F1>
<TOTAL-LIABILITIES> 50,710 <F1>
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 77,195
<SHARES-COMMON-STOCK> 7,407
<SHARES-COMMON-PRIOR> 7,407
<ACCUMULATED-NII-CURRENT> (23,025)<F1>
<OVERDISTRIBUTION-NII> 0 <F1>
<ACCUMULATED-NET-GAINS> 128,231 <F1>
<OVERDISTRIBUTION-GAINS> 0 <F1>
<ACCUM-APPREC-OR-DEPREC> 102,244 <F1>
<NET-ASSETS> 102,304
<DIVIDEND-INCOME> 3,272 <F1>
<INTEREST-INCOME> 0 <F1>
<OTHER-INCOME> 0 <F1>
<EXPENSES-NET> (5,487)<F1>
<NET-INVESTMENT-INCOME> (2,215)<F1>
<REALIZED-GAINS-CURRENT> (67,264)<F1>
<APPREC-INCREASE-CURRENT> (198,885)<F1>
<NET-CHANGE-FROM-OPS> (268,364)<F1>
<EQUALIZATION> 0 <F1>
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 0
<NUMBER-OF-SHARES-REDEEMED> 0
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> (17,178)
<ACCUMULATED-NII-PRIOR> (20,810)<F1>
<ACCUMULATED-GAINS-PRIOR> 195,495 <F1>
<OVERDISTRIB-NII-PRIOR> 0 <F1>
<OVERDIST-NET-GAINS-PRIOR> 0 <F1>
<GROSS-ADVISORY-FEES> 3,081 <F1>
<INTEREST-EXPENSE> 0 <F1>
<GROSS-EXPENSE> 57,505 <F1>
<AVERAGE-NET-ASSETS> 111,477
<PER-SHARE-NAV-BEGIN> 16.131
<PER-SHARE-NII> (0.019)
<PER-SHARE-GAIN-APPREC> (2.300)
<PER-SHARE-DIVIDEND> 0.000
<PER-SHARE-DISTRIBUTIONS> 0.000
<RETURNS-OF-CAPITAL> 0.000
<PER-SHARE-NAV-END> 13.812
<EXPENSE-RATIO> 1.58
<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> 51
<NAME> GROWTH 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> 110,082,060 <F1>
<INVESTMENTS-AT-VALUE> 116,220,846 <F1>
<RECEIVABLES> 5,809,924 <F1>
<ASSETS-OTHER> 228,004 <F1>
<OTHER-ITEMS-ASSETS> 2,005 <F1>
<TOTAL-ASSETS> 122,260,779 <F1>
<PAYABLE-FOR-SECURITIES> 5,658,880 <F1>
<SENIOR-LONG-TERM-DEBT> 0 <F1>
<OTHER-ITEMS-LIABILITIES> 641,768 <F1>
<TOTAL-LIABILITIES> 6,300,648 <F1>
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 45,329,905
<SHARES-COMMON-STOCK> 2,725,518
<SHARES-COMMON-PRIOR> 2,765,431
<ACCUMULATED-NII-CURRENT> (573,836)<F1>
<OVERDISTRIBUTION-NII> 0 <F1>
<ACCUMULATED-NET-GAINS> 1,716,813 <F1>
<OVERDISTRIBUTION-GAINS> 0 <F1>
<ACCUM-APPREC-OR-DEPREC> 6,138,786 <F1>
<NET-ASSETS> 49,320,775
<DIVIDEND-INCOME> 98,848 <F1>
<INTEREST-INCOME> 73,581 <F1>
<OTHER-INCOME> 0 <F1>
<EXPENSES-NET> (699,134)<F1>
<NET-INVESTMENT-INCOME> (526,705)<F1>
<REALIZED-GAINS-CURRENT> (1,661,371)<F1>
<APPREC-INCREASE-CURRENT> (32,854,358)<F1>
<NET-CHANGE-FROM-OPS> (35,042,434)<F1>
<EQUALIZATION> 0 <F1>
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 193,278
<NUMBER-OF-SHARES-REDEEMED> (233,191)
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> (15,564,277)
<ACCUMULATED-NII-PRIOR> (47,131)<F1>
<ACCUMULATED-GAINS-PRIOR> 3,378,184 <F1>
<OVERDISTRIB-NII-PRIOR> 0 <F1>
<OVERDIST-NET-GAINS-PRIOR> 0 <F1>
<GROSS-ADVISORY-FEES> 257,123 <F1>
<INTEREST-EXPENSE> 0 <F1>
<GROSS-EXPENSE> 741,599 <F1>
<AVERAGE-NET-ASSETS> 57,383,784
<PER-SHARE-NAV-BEGIN> 23.463
<PER-SHARE-NII> (0.058)
<PER-SHARE-GAIN-APPREC> (5.309)
<PER-SHARE-DIVIDEND> 0.000
<PER-SHARE-DISTRIBUTIONS> 0.000
<RETURNS-OF-CAPITAL> 0.000
<PER-SHARE-NAV-END> 18.096
<EXPENSE-RATIO> 1.60
<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> 52
<NAME> GROWTH 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> 110,082,060 <F1>
<INVESTMENTS-AT-VALUE> 116,220,846 <F1>
<RECEIVABLES> 5,809,924 <F1>
<ASSETS-OTHER> 228,004 <F1>
<OTHER-ITEMS-ASSETS> 2,005 <F1>
<TOTAL-ASSETS> 122,260,779 <F1>
<PAYABLE-FOR-SECURITIES> 5,658,880 <F1>
<SENIOR-LONG-TERM-DEBT> 0 <F1>
<OTHER-ITEMS-LIABILITIES> 641,768 <F1>
<TOTAL-LIABILITIES> 6,300,648 <F1>
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 57,314,713
<SHARES-COMMON-STOCK> 3,357,009
<SHARES-COMMON-PRIOR> 3,440,655
<ACCUMULATED-NII-CURRENT> (573,836)<F1>
<OVERDISTRIBUTION-NII> 0 <F1>
<ACCUMULATED-NET-GAINS> 1,716,813 <F1>
<OVERDISTRIBUTION-GAINS> 0 <F1>
<ACCUM-APPREC-OR-DEPREC> 6,138,786 <F1>
<NET-ASSETS> 59,877,248
<DIVIDEND-INCOME> 98,848 <F1>
<INTEREST-INCOME> 73,581 <F1>
<OTHER-INCOME> 0 <F1>
<EXPENSES-NET> (699,134)<F1>
<NET-INVESTMENT-INCOME> (526,705)<F1>
<REALIZED-GAINS-CURRENT> (1,661,371)<F1>
<APPREC-INCREASE-CURRENT> (32,854,358)<F1>
<NET-CHANGE-FROM-OPS> (35,042,434)<F1>
<EQUALIZATION> 0 <F1>
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 136,960
<NUMBER-OF-SHARES-REDEEMED> (220,606)
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> (19,854,068)
<ACCUMULATED-NII-PRIOR> (47,131)<F1>
<ACCUMULATED-GAINS-PRIOR> 3,378,184 <F1>
<OVERDISTRIB-NII-PRIOR> 0 <F1>
<OVERDIST-NET-GAINS-PRIOR> 0 <F1>
<GROSS-ADVISORY-FEES> 257,123 <F1>
<INTEREST-EXPENSE> 0 <F1>
<GROSS-EXPENSE> 741,599 <F1>
<AVERAGE-NET-ASSETS> 70,117,250
<PER-SHARE-NAV-BEGIN> 23.173
<PER-SHARE-NII> (0.099)
<PER-SHARE-GAIN-APPREC> (5.238)
<PER-SHARE-DIVIDEND> 0.000
<PER-SHARE-DISTRIBUTIONS> 0.000
<RETURNS-OF-CAPITAL> 0.000
<PER-SHARE-NAV-END> 17.836
<EXPENSE-RATIO> 2.37
<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> 53
<NAME> GROWTH 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> 110,082,060 <F1>
<INVESTMENTS-AT-VALUE> 116,220,846 <F1>
<RECEIVABLES> 5,809,924 <F1>
<ASSETS-OTHER> 228,004 <F1>
<OTHER-ITEMS-ASSETS> 2,005 <F1>
<TOTAL-ASSETS> 122,260,779 <F1>
<PAYABLE-FOR-SECURITIES> 5,658,880 <F1>
<SENIOR-LONG-TERM-DEBT> 0 <F1>
<OTHER-ITEMS-LIABILITIES> 641,768 <F1>
<TOTAL-LIABILITIES> 6,300,648 <F1>
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 6,033,750
<SHARES-COMMON-STOCK> 379,108
<SHARES-COMMON-PRIOR> 398,471
<ACCUMULATED-NII-CURRENT> (573,836)<F1>
<OVERDISTRIBUTION-NII> 0 <F1>
<ACCUMULATED-NET-GAINS> 1,716,813 <F1>
<OVERDISTRIBUTION-GAINS> 0 <F1>
<ACCUM-APPREC-OR-DEPREC> 6,138,786 <F1>
<NET-ASSETS> 6,762,108
<DIVIDEND-INCOME> 98,848 <F1>
<INTEREST-INCOME> 73,581 <F1>
<OTHER-INCOME> 0 <F1>
<EXPENSES-NET> (699,134)<F1>
<NET-INVESTMENT-INCOME> (526,705)<F1>
<REALIZED-GAINS-CURRENT> (1,661,371)<F1>
<APPREC-INCREASE-CURRENT> (32,854,358)<F1>
<NET-CHANGE-FROM-OPS> (35,042,434)<F1>
<EQUALIZATION> 0 <F1>
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 13,611
<NUMBER-OF-SHARES-REDEEMED> (32,974)
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> (2,471,541)
<ACCUMULATED-NII-PRIOR> (47,131)<F1>
<ACCUMULATED-GAINS-PRIOR> 3,378,184 <F1>
<OVERDISTRIB-NII-PRIOR> 0 <F1>
<OVERDIST-NET-GAINS-PRIOR> 0 <F1>
<GROSS-ADVISORY-FEES> 257,123 <F1>
<INTEREST-EXPENSE> 0 <F1>
<GROSS-EXPENSE> 741,599 <F1>
<AVERAGE-NET-ASSETS> 7,932,301
<PER-SHARE-NAV-BEGIN> 23.173
<PER-SHARE-NII> (0.099)
<PER-SHARE-GAIN-APPREC> (5.237)
<PER-SHARE-DIVIDEND> 0.000
<PER-SHARE-DISTRIBUTIONS> 0.000
<RETURNS-OF-CAPITAL> 0.000
<PER-SHARE-NAV-END> 17.837
<EXPENSE-RATIO> 2.38
<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> 11
<NAME> PROSPECTOR FUND 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> 1,595,148 <F1>
<INVESTMENTS-AT-VALUE> 1,676,420 <F1>
<RECEIVABLES> 38,195 <F1>
<ASSETS-OTHER> 18,046 <F1>
<OTHER-ITEMS-ASSETS> 102,313 <F1>
<TOTAL-ASSETS> 1,834,974 <F1>
<PAYABLE-FOR-SECURITIES> 9,415 <F1>
<SENIOR-LONG-TERM-DEBT> 0 <F1>
<OTHER-ITEMS-LIABILITIES> 61,751 <F1>
<TOTAL-LIABILITIES> 71,166 <F1>
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 1,215,609
<SHARES-COMMON-STOCK> 101,359
<SHARES-COMMON-PRIOR> 101,359
<ACCUMULATED-NII-CURRENT> (10,735)<F1>
<OVERDISTRIBUTION-NII> 0 <F1>
<ACCUMULATED-NET-GAINS> 326,380 <F1>
<OVERDISTRIBUTION-GAINS> 0 <F1>
<ACCUM-APPREC-OR-DEPREC> 81,272 <F1>
<NET-ASSETS> 1,542,760
<DIVIDEND-INCOME> 10,929 <F1>
<INTEREST-INCOME> 0 <F1>
<OTHER-INCOME> 0 <F1>
<EXPENSES-NET> (5,597)<F1>
<NET-INVESTMENT-INCOME> 5,332 <F1>
<REALIZED-GAINS-CURRENT> 45,097 <F1>
<APPREC-INCREASE-CURRENT> (137,659)<F1>
<NET-CHANGE-FROM-OPS> (87,230)<F1>
<EQUALIZATION> 0 <F1>
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 0
<NUMBER-OF-SHARES-REDEEMED> 0
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> (76,298)
<ACCUMULATED-NII-PRIOR> (16,067)<F1>
<ACCUMULATED-GAINS-PRIOR> 281,283 <F1>
<OVERDISTRIB-NII-PRIOR> 0 <F1>
<OVERDIST-NET-GAINS-PRIOR> 0 <F1>
<GROSS-ADVISORY-FEES> 3,134 <F1>
<INTEREST-EXPENSE> 0 <F1>
<GROSS-EXPENSE> 56,204 <F1>
<AVERAGE-NET-ASSETS> 1,553,806
<PER-SHARE-NAV-BEGIN> 15.974
<PER-SHARE-NII> 0.046
<PER-SHARE-GAIN-APPREC> (0.799)
<PER-SHARE-DIVIDEND> 0.000
<PER-SHARE-DISTRIBUTIONS> 0.000
<RETURNS-OF-CAPITAL> 0.000
<PER-SHARE-NAV-END> 15.221
<EXPENSE-RATIO> 1.25
<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> PROSPECTOR FUND 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> 1,595,148 <F1>
<INVESTMENTS-AT-VALUE> 1,676,420 <F1>
<RECEIVABLES> 38,195 <F1>
<ASSETS-OTHER> 18,046 <F1>
<OTHER-ITEMS-ASSETS> 102,313 <F1>
<TOTAL-ASSETS> 1,834,974 <F1>
<PAYABLE-FOR-SECURITIES> 9,415 <F1>
<SENIOR-LONG-TERM-DEBT> 0 <F1>
<OTHER-ITEMS-LIABILITIES> 61,751 <F1>
<TOTAL-LIABILITIES> 71,166 <F1>
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 75,641
<SHARES-COMMON-STOCK> 7,262
<SHARES-COMMON-PRIOR> 7,262
<ACCUMULATED-NII-CURRENT> (10,735)<F1>
<OVERDISTRIBUTION-NII> 0 <F1>
<ACCUMULATED-NET-GAINS> 326,380 <F1>
<OVERDISTRIBUTION-GAINS> 0 <F1>
<ACCUM-APPREC-OR-DEPREC> 81,272 <F1>
<NET-ASSETS> 110,524
<DIVIDEND-INCOME> 10,929 <F1>
<INTEREST-INCOME> 0 <F1>
<OTHER-INCOME> 0 <F1>
<EXPENSES-NET> (5,597)<F1>
<NET-INVESTMENT-INCOME> 5,332 <F1>
<REALIZED-GAINS-CURRENT> 45,097 <F1>
<APPREC-INCREASE-CURRENT> (137,659)<F1>
<NET-CHANGE-FROM-OPS> (87,230)<F1>
<EQUALIZATION> 0 <F1>
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 0
<NUMBER-OF-SHARES-REDEEMED> 0
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> (5,466)
<ACCUMULATED-NII-PRIOR> (16,067)<F1>
<ACCUMULATED-GAINS-PRIOR> 281,283 <F1>
<OVERDISTRIB-NII-PRIOR> 0 <F1>
<OVERDIST-NET-GAINS-PRIOR> 0 <F1>
<GROSS-ADVISORY-FEES> 3,134 <F1>
<INTEREST-EXPENSE> 0 <F1>
<GROSS-EXPENSE> 56,204 <F1>
<AVERAGE-NET-ASSETS> 111,316
<PER-SHARE-NAV-BEGIN> 15.973
<PER-SHARE-NII> 0.046
<PER-SHARE-GAIN-APPREC> (0.800)
<PER-SHARE-DIVIDEND> 0.000
<PER-SHARE-DISTRIBUTIONS> 0.000
<RETURNS-OF-CAPITAL> 0.000
<PER-SHARE-NAV-END> 15.219
<EXPENSE-RATIO> 1.25
<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> PROSPECTOR FUND 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> 1,595,148 <F1>
<INVESTMENTS-AT-VALUE> 1,676,420 <F1>
<RECEIVABLES> 38,195 <F1>
<ASSETS-OTHER> 18,046 <F1>
<OTHER-ITEMS-ASSETS> 102,313 <F1>
<TOTAL-ASSETS> 1,834,974 <F1>
<PAYABLE-FOR-SECURITIES> 9,415 <F1>
<SENIOR-LONG-TERM-DEBT> 0 <F1>
<OTHER-ITEMS-LIABILITIES> 61,751 <F1>
<TOTAL-LIABILITIES> 71,166 <F1>
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 75,641
<SHARES-COMMON-STOCK> 7,262
<SHARES-COMMON-PRIOR> 7,262
<ACCUMULATED-NII-CURRENT> (10,735)<F1>
<OVERDISTRIBUTION-NII> 0 <F1>
<ACCUMULATED-NET-GAINS> 326,380 <F1>
<OVERDISTRIBUTION-GAINS> 0 <F1>
<ACCUM-APPREC-OR-DEPREC> 81,272 <F1>
<NET-ASSETS> 110,524
<DIVIDEND-INCOME> 10,929 <F1>
<INTEREST-INCOME> 0 <F1>
<OTHER-INCOME> 0 <F1>
<EXPENSES-NET> (5,597)<F1>
<NET-INVESTMENT-INCOME> 5,332 <F1>
<REALIZED-GAINS-CURRENT> 45,097 <F1>
<APPREC-INCREASE-CURRENT> (137,659)<F1>
<NET-CHANGE-FROM-OPS> (87,230)<F1>
<EQUALIZATION> 0 <F1>
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 0
<NUMBER-OF-SHARES-REDEEMED> 0
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> (5,466)
<ACCUMULATED-NII-PRIOR> (16,067)<F1>
<ACCUMULATED-GAINS-PRIOR> 281,283 <F1>
<OVERDISTRIB-NII-PRIOR> 0 <F1>
<OVERDIST-NET-GAINS-PRIOR> 0 <F1>
<GROSS-ADVISORY-FEES> 3,134 <F1>
<INTEREST-EXPENSE> 0 <F1>
<GROSS-EXPENSE> 56,204 <F1>
<AVERAGE-NET-ASSETS> 111,316
<PER-SHARE-NAV-BEGIN> 15.973
<PER-SHARE-NII> 0.046
<PER-SHARE-GAIN-APPREC> (0.800)
<PER-SHARE-DIVIDEND> 0.000
<PER-SHARE-DISTRIBUTIONS> 0.000
<RETURNS-OF-CAPITAL> 0.000
<PER-SHARE-NAV-END> 15.219
<EXPENSE-RATIO> 1.25
<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> 71
<NAME> MID CAP VALUE 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> 1,397,494 <F1>
<INVESTMENTS-AT-VALUE> 1,385,864 <F1>
<RECEIVABLES> 12,432 <F1>
<ASSETS-OTHER> 18,090 <F1>
<OTHER-ITEMS-ASSETS> 53,035 <F1>
<TOTAL-ASSETS> 1,469,421 <F1>
<PAYABLE-FOR-SECURITIES> 5,526 <F1>
<SENIOR-LONG-TERM-DEBT> 0 <F1>
<OTHER-ITEMS-LIABILITIES> 47,549 <F1>
<TOTAL-LIABILITIES> 53,075 <F1>
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 1,251,565
<SHARES-COMMON-STOCK> 104,285
<SHARES-COMMON-PRIOR> 104,285
<ACCUMULATED-NII-CURRENT> (21,903)<F1>
<OVERDISTRIBUTION-NII> 0 <F1>
<ACCUMULATED-NET-GAINS> 38,617 <F1>
<OVERDISTRIBUTION-GAINS> 0 <F1>
<ACCUM-APPREC-OR-DEPREC> (11,630) <F1>
<NET-ASSETS> 1,234,655
<DIVIDEND-INCOME> 3,814 <F1>
<INTEREST-INCOME> 0 <F1>
<OTHER-INCOME> 0 <F1>
<EXPENSES-NET> (5,026)<F1>
<NET-INVESTMENT-INCOME> (1,212)<F1>
<REALIZED-GAINS-CURRENT> (44,051)<F1>
<APPREC-INCREASE-CURRENT> (179,721)<F1>
<NET-CHANGE-FROM-OPS> (224,984)<F1>
<EQUALIZATION> 0 <F1>
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 0
<NUMBER-OF-SHARES-REDEEMED> 0
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> (196,122)
<ACCUMULATED-NII-PRIOR> (20,691)<F1>
<ACCUMULATED-GAINS-PRIOR> 82,668 <F1>
<OVERDISTRIB-NII-PRIOR> 0 <F1>
<OVERDIST-NET-GAINS-PRIOR> 0 <F1>
<GROSS-ADVISORY-FEES> 2,906 <F1>
<INTEREST-EXPENSE> 0 <F1>
<GROSS-EXPENSE> 56,857 <F1>
<AVERAGE-NET-ASSETS> 1,337,093
<PER-SHARE-NAV-BEGIN> 13.719
<PER-SHARE-NII> (0.010)
<PER-SHARE-GAIN-APPREC> (1.870)
<PER-SHARE-DIVIDEND> 0.000
<PER-SHARE-DISTRIBUTIONS> 0.000
<RETURNS-OF-CAPITAL> 0.000
<PER-SHARE-NAV-END> 11.839
<EXPENSE-RATIO> 1.39
<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> 72
<NAME> MID CAP VALUE 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> 1,397,494 <F1>
<INVESTMENTS-AT-VALUE> 1,385,864 <F1>
<RECEIVABLES> 12,432 <F1>
<ASSETS-OTHER> 18,090 <F1>
<OTHER-ITEMS-ASSETS> 53,035 <F1>
<TOTAL-ASSETS> 1,469,421 <F1>
<PAYABLE-FOR-SECURITIES> 5,526 <F1>
<SENIOR-LONG-TERM-DEBT> 0 <F1>
<OTHER-ITEMS-LIABILITIES> 47,549 <F1>
<TOTAL-LIABILITIES> 53,075 <F1>
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 80,397
<SHARES-COMMON-STOCK> 7,670
<SHARES-COMMON-PRIOR> 7,670
<ACCUMULATED-NII-CURRENT> (21,903)<F1>
<OVERDISTRIBUTION-NII> 0 <F1>
<ACCUMULATED-NET-GAINS> 38,617 <F1>
<OVERDISTRIBUTION-GAINS> 0 <F1>
<ACCUM-APPREC-OR-DEPREC> (11,630) <F1>
<NET-ASSETS> 90,838
<DIVIDEND-INCOME> 3,814 <F1>
<INTEREST-INCOME> 0 <F1>
<OTHER-INCOME> 0 <F1>
<EXPENSES-NET> (5,026)<F1>
<NET-INVESTMENT-INCOME> (1,212)<F1>
<REALIZED-GAINS-CURRENT> (44,051)<F1>
<APPREC-INCREASE-CURRENT> (179,721)<F1>
<NET-CHANGE-FROM-OPS> (224,984)<F1>
<EQUALIZATION> 0 <F1>
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 0
<NUMBER-OF-SHARES-REDEEMED> 0
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> (14,430)
<ACCUMULATED-NII-PRIOR> (20,691)<F1>
<ACCUMULATED-GAINS-PRIOR> 82,668 <F1>
<OVERDISTRIB-NII-PRIOR> 0 <F1>
<OVERDIST-NET-GAINS-PRIOR> 0 <F1>
<GROSS-ADVISORY-FEES> 2,906 <F1>
<INTEREST-EXPENSE> 0 <F1>
<GROSS-EXPENSE> 56,857 <F1>
<AVERAGE-NET-ASSETS> 98,375
<PER-SHARE-NAV-BEGIN> 13.724
<PER-SHARE-NII> (0.010)
<PER-SHARE-GAIN-APPREC> (1.871)
<PER-SHARE-DIVIDEND> 0.000
<PER-SHARE-DISTRIBUTIONS> 0.000
<RETURNS-OF-CAPITAL> 0.000
<PER-SHARE-NAV-END> 11.843
<EXPENSE-RATIO> 1.39
<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> 73
<NAME> MID CAP VALUE 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> 1,397,494 <F1>
<INVESTMENTS-AT-VALUE> 1,385,864 <F1>
<RECEIVABLES> 12,432 <F1>
<ASSETS-OTHER> 18,090 <F1>
<OTHER-ITEMS-ASSETS> 53,035 <F1>
<TOTAL-ASSETS> 1,469,421 <F1>
<PAYABLE-FOR-SECURITIES> 5,526 <F1>
<SENIOR-LONG-TERM-DEBT> 0 <F1>
<OTHER-ITEMS-LIABILITIES> 47,549 <F1>
<TOTAL-LIABILITIES> 53,075 <F1>
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 79,300
<SHARES-COMMON-STOCK> 7,670
<SHARES-COMMON-PRIOR> 7,670
<ACCUMULATED-NII-CURRENT> (21,903)<F1>
<OVERDISTRIBUTION-NII> 0 <F1>
<ACCUMULATED-NET-GAINS> 38,617 <F1>
<OVERDISTRIBUTION-GAINS> 0 <F1>
<ACCUM-APPREC-OR-DEPREC> (11,630) <F1>
<NET-ASSETS> 90,853
<DIVIDEND-INCOME> 3,814 <F1>
<INTEREST-INCOME> 0 <F1>
<OTHER-INCOME> 0 <F1>
<EXPENSES-NET> (5,026)<F1>
<NET-INVESTMENT-INCOME> (1,212)<F1>
<REALIZED-GAINS-CURRENT> (44,051)<F1>
<APPREC-INCREASE-CURRENT> (179,721)<F1>
<NET-CHANGE-FROM-OPS> (224,984)<F1>
<EQUALIZATION> 0 <F1>
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 0
<NUMBER-OF-SHARES-REDEEMED> 0
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> (14,432)
<ACCUMULATED-NII-PRIOR> (20,691)<F1>
<ACCUMULATED-GAINS-PRIOR> 82,668 <F1>
<OVERDISTRIB-NII-PRIOR> 0 <F1>
<OVERDIST-NET-GAINS-PRIOR> 0 <F1>
<GROSS-ADVISORY-FEES> 2,906 <F1>
<INTEREST-EXPENSE> 0 <F1>
<GROSS-EXPENSE> 56,857 <F1>
<AVERAGE-NET-ASSETS> 98,391
<PER-SHARE-NAV-BEGIN> 13.726
<PER-SHARE-NII> (0.010)
<PER-SHARE-GAIN-APPREC> (1.871)
<PER-SHARE-DIVIDEND> 0.000
<PER-SHARE-DISTRIBUTIONS> 0.000
<RETURNS-OF-CAPITAL> 0.000
<PER-SHARE-NAV-END> 11.845
<EXPENSE-RATIO> 1.39
<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> 81
<NAME> AGGRESSIVE GROWTH 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> 208,321,534 <F1>
<INVESTMENTS-AT-VALUE> 252,303,122 <F1>
<RECEIVABLES> 7,547,841 <F1>
<ASSETS-OTHER> 55,982 <F1>
<OTHER-ITEMS-ASSETS> 6,376 <F1>
<TOTAL-ASSETS> 259,913,321 <F1>
<PAYABLE-FOR-SECURITIES> 5,472,797 <F1>
<SENIOR-LONG-TERM-DEBT> 0 <F1>
<OTHER-ITEMS-LIABILITIES> 6,024,285 <F1>
<TOTAL-LIABILITIES> 11,497,082 <F1>
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 80,316,283
<SHARES-COMMON-STOCK> 8,831,042
<SHARES-COMMON-PRIOR> 8,588,377
<ACCUMULATED-NII-CURRENT> (1,202,578)<F1>
<OVERDISTRIBUTION-NII> 0 <F1>
<ACCUMULATED-NET-GAINS> 2,757,665 <F1>
<OVERDISTRIBUTION-GAINS> 0 <F1>
<ACCUM-APPREC-OR-DEPREC> 43,981,588 <F1>
<NET-ASSETS> 102,526,338
<DIVIDEND-INCOME> 63,559 <F1>
<INTEREST-INCOME> 210,537 <F1>
<OTHER-INCOME> 0 <F1>
<EXPENSES-NET> (1,425,102)<F1>
<NET-INVESTMENT-INCOME> (1,151,006)<F1>
<REALIZED-GAINS-CURRENT> (16,574,335)<F1>
<APPREC-INCREASE-CURRENT> (26,071,414)<F1>
<NET-CHANGE-FROM-OPS> (43,796,755)<F1>
<EQUALIZATION> 0 <F1>
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 3,912,491
<NUMBER-OF-SHARES-REDEEMED> (3,669,826)
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> (14,924,910)
<ACCUMULATED-NII-PRIOR> (51,572)<F1>
<ACCUMULATED-GAINS-PRIOR> 19,332,000 <F1>
<OVERDISTRIB-NII-PRIOR> 0 <F1>
<OVERDIST-NET-GAINS-PRIOR> 0 <F1>
<GROSS-ADVISORY-FEES> 511,304 <F1>
<INTEREST-EXPENSE> 0 <F1>
<GROSS-EXPENSE> 1,425,102 <F1>
<AVERAGE-NET-ASSETS> 112,923,620
<PER-SHARE-NAV-BEGIN> 13.676
<PER-SHARE-NII> (0.042)
<PER-SHARE-GAIN-APPREC> (2.024)
<PER-SHARE-DIVIDEND> 0.000
<PER-SHARE-DISTRIBUTIONS> 0.000
<RETURNS-OF-CAPITAL> 0.000
<PER-SHARE-NAV-END> 11.610
<EXPENSE-RATIO> 1.65
<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> 82
<NAME> AGGRESSIVE GROWTH 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> 208,321,534 <F1>
<INVESTMENTS-AT-VALUE> 252,303,122 <F1>
<RECEIVABLES> 7,547,841 <F1>
<ASSETS-OTHER> 55,982 <F1>
<OTHER-ITEMS-ASSETS> 6,376 <F1>
<TOTAL-ASSETS> 259,913,321 <F1>
<PAYABLE-FOR-SECURITIES> 5,472,797 <F1>
<SENIOR-LONG-TERM-DEBT> 0 <F1>
<OTHER-ITEMS-LIABILITIES> 6,024,285 <F1>
<TOTAL-LIABILITIES> 11,497,082 <F1>
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 110,215,433
<SHARES-COMMON-STOCK> 11,521,113
<SHARES-COMMON-PRIOR> 11,023,802
<ACCUMULATED-NII-CURRENT> (1,202,578)<F1>
<OVERDISTRIBUTION-NII> 0 <F1>
<ACCUMULATED-NET-GAINS> 2,757,665 <F1>
<OVERDISTRIBUTION-GAINS> 0 <F1>
<ACCUM-APPREC-OR-DEPREC> 43,981,588 <F1>
<NET-ASSETS> 131,392,252
<DIVIDEND-INCOME> 63,559 <F1>
<INTEREST-INCOME> 210,537 <F1>
<OTHER-INCOME> 0 <F1>
<EXPENSES-NET> (1,425,102)<F1>
<NET-INVESTMENT-INCOME> (1,151,006)<F1>
<REALIZED-GAINS-CURRENT> (16,574,335)<F1>
<APPREC-INCREASE-CURRENT> (26,071,414)<F1>
<NET-CHANGE-FROM-OPS> (43,796,755)<F1>
<EQUALIZATION> 0 <F1>
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 1,171,234
<NUMBER-OF-SHARES-REDEEMED> (673,923)
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> (16,994,696)
<ACCUMULATED-NII-PRIOR> (51,572)<F1>
<ACCUMULATED-GAINS-PRIOR> 19,332,000 <F1>
<OVERDISTRIB-NII-PRIOR> 0 <F1>
<OVERDIST-NET-GAINS-PRIOR> 0 <F1>
<GROSS-ADVISORY-FEES> 511,304 <F1>
<INTEREST-EXPENSE> 0 <F1>
<GROSS-EXPENSE> 1,425,102 <F1>
<AVERAGE-NET-ASSETS> 140,991,113
<PER-SHARE-NAV-BEGIN> 13.461
<PER-SHARE-NII> (0.060)
<PER-SHARE-GAIN-APPREC> (1.997)
<PER-SHARE-DIVIDEND> 0.000
<PER-SHARE-DISTRIBUTIONS> 0.000
<RETURNS-OF-CAPITAL> 0.000
<PER-SHARE-NAV-END> 11.404
<EXPENSE-RATIO> 2.42
<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> 83
<NAME> AGGRESSIVE GROWTH 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> 208,321,534 <F1>
<INVESTMENTS-AT-VALUE> 252,303,122 <F1>
<RECEIVABLES> 7,547,841 <F1>
<ASSETS-OTHER> 55,982 <F1>
<OTHER-ITEMS-ASSETS> 6,376 <F1>
<TOTAL-ASSETS> 259,913,321 <F1>
<PAYABLE-FOR-SECURITIES> 5,472,797 <F1>
<SENIOR-LONG-TERM-DEBT> 0 <F1>
<OTHER-ITEMS-LIABILITIES> 6,024,285 <F1>
<TOTAL-LIABILITIES> 11,497,082 <F1>
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 12,347,848
<SHARES-COMMON-STOCK> 1,270,298
<SHARES-COMMON-PRIOR> 1,216,007
<ACCUMULATED-NII-CURRENT> (1,202,578)<F1>
<OVERDISTRIBUTION-NII> 0 <F1>
<ACCUMULATED-NET-GAINS> 2,757,665 <F1>
<OVERDISTRIBUTION-GAINS> 0 <F1>
<ACCUM-APPREC-OR-DEPREC> 43,981,588 <F1>
<NET-ASSETS> 14,497,649
<DIVIDEND-INCOME> 63,559 <F1>
<INTEREST-INCOME> 210,537 <F1>
<OTHER-INCOME> 0 <F1>
<EXPENSES-NET> (1,425,102)<F1>
<NET-INVESTMENT-INCOME> (1,151,006)<F1>
<REALIZED-GAINS-CURRENT> (16,574,335)<F1>
<APPREC-INCREASE-CURRENT> (26,071,414)<F1>
<NET-CHANGE-FROM-OPS> (43,796,755)<F1>
<EQUALIZATION> 0 <F1>
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 141,098
<NUMBER-OF-SHARES-REDEEMED> (86,807)
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> (1,881,526)
<ACCUMULATED-NII-PRIOR> (51,572)<F1>
<ACCUMULATED-GAINS-PRIOR> 19,332,000 <F1>
<OVERDISTRIB-NII-PRIOR> 0 <F1>
<OVERDIST-NET-GAINS-PRIOR> 0 <F1>
<GROSS-ADVISORY-FEES> 511,304 <F1>
<INTEREST-EXPENSE> 0 <F1>
<GROSS-EXPENSE> 1,425,102 <F1>
<AVERAGE-NET-ASSETS> 15,612,000
<PER-SHARE-NAV-BEGIN> 13.470
<PER-SHARE-NII> (0.060)
<PER-SHARE-GAIN-APPREC> (1.997)
<PER-SHARE-DIVIDEND> 0.000
<PER-SHARE-DISTRIBUTIONS> 0.000
<RETURNS-OF-CAPITAL> 0.000
<PER-SHARE-NAV-END> 11.413
<EXPENSE-RATIO> 2.42
<AVG-DEBT-OUTSTANDING> 0 <F1>
<AVG-DEBT-PER-SHARE> 0 <F1>
</TABLE>
