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<PAGE> PAGE 11
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<PAGE> PAGE 16
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062 A000600 N
062 B000600 0.0
<PAGE> PAGE 21
062 C000600 0.0
062 D000600 0.0
062 E000600 0.0
062 F000600 0.0
062 G000600 0.0
062 H000600 0.0
062 I000600 0.0
062 J000600 0.0
062 K000600 0.0
062 L000600 0.0
062 M000600 0.0
062 N000600 0.0
062 O000600 0.0
062 P000600 0.0
062 Q000600 0.0
062 R000600 0.0
066 A000600 Y
066 B000600 N
066 C000600 N
066 D000600 Y
066 E000600 N
066 F000600 N
066 G000600 N
067 000600 N
068 A000600 N
068 B000600 N
069 000600 N
070 A010600 Y
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 N
070 L010600 Y
070 L020600 N
<PAGE> PAGE 22
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 2181
071 B000600 2224
071 C000600 1650
071 D000600 132
072 A000600 12
072 B000600 0
072 C000600 33
072 D000600 0
072 E000600 0
072 F000600 12
072 G000600 0
072 H000600 0
072 I000600 15
072 J000600 2
072 K000600 0
072 L000600 22
072 M000600 8
072 N000600 2
072 O000600 0
072 P000600 0
072 Q000600 29
072 R000600 12
072 S000600 6
072 T000600 0
072 U000600 8
072 V000600 0
072 W000600 9
072 X000600 125
072 Y000600 104
072 Z000600 12
072AA000600 373
072BB000600 0
072CC010600 60
072CC020600 0
072DD010600 25
072DD020600 2
072EE000600 117
073 A010600 0.2750
073 A020600 0.2750
<PAGE> PAGE 23
073 B000600 1.2790
073 C000600 0.0000
074 A000600 1
074 B000600 0
074 C000600 0
074 D000600 0
074 E000600 0
074 F000600 1816
074 G000600 0
074 H000600 0
074 I000600 0
074 J000600 6
074 K000600 83
074 L000600 6
074 M000600 21
074 N000600 1933
074 O000600 0
074 P000600 21
074 Q000600 0
074 R010600 0
074 R020600 0
074 R030600 0
074 R040600 61
074 S000600 0
074 T000600 1851
074 U010600 101
074 U020600 7
074 V010600 15.97
074 V020600 15.97
074 W000600 0.0000
074 X000600 4
074 Y000600 0
075 A000600 0
075 B000600 1685
076 000600 0.00
028 A010700 3
028 A020700 0
028 A030700 0
028 A040700 1
028 B010700 1
028 B020700 0
028 B030700 0
028 B040700 0
028 C010700 0
028 C020700 0
028 C030700 0
028 C040700 57
028 D010700 0
028 D020700 0
028 D030700 0
028 D040700 0
<PAGE> PAGE 24
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 4
028 G020700 0
028 G030700 0
028 G040700 58
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
039 000700 N
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
<PAGE> PAGE 25
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
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
<PAGE> PAGE 26
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 N
070 M010700 Y
070 M020700 N
070 N010700 Y
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 1697
071 B000700 1806
071 C000700 1559
071 D000700 109
072 A000700 12
072 B000700 0
072 C000700 15
072 D000700 0
072 E000700 0
072 F000700 12
072 G000700 0
072 H000700 0
072 I000700 17
072 J000700 5
072 K000700 0
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072 M000700 7
<PAGE> PAGE 27
072 N000700 1
072 O000700 0
072 P000700 0
072 Q000700 30
072 R000700 12
072 S000700 5
072 T000700 0
072 U000700 8
072 V000700 0
072 W000700 8
072 X000700 126
072 Y000700 105
072 Z000700 -6
072AA000700 241
072BB000700 0
072CC010700 0
072CC020700 38
072DD010700 9
072DD020700 1
072EE000700 193
073 A010700 0.1030
073 A020700 0.1020
073 B000700 2.1000
073 C000700 0.0000
074 A000700 38
074 B000700 0
074 C000700 0
074 D000700 0
074 E000700 0
074 F000700 1579
074 G000700 0
074 H000700 0
074 I000700 0
074 J000700 0
074 K000700 59
074 L000700 0
074 M000700 23
074 N000700 1699
074 O000700 0
074 P000700 0
074 Q000700 0
074 R010700 0
074 R020700 0
074 R030700 0
074 R040700 58
074 S000700 0
074 T000700 1641
074 U010700 104
074 U020700 8
074 V010700 13.72
074 V020700 13.72
<PAGE> PAGE 28
074 W000700 0.0000
074 X000700 6
074 Y000700 0
075 A000700 0
075 B000700 1622
076 000700 0.00
024 000800 Y
025 A000801 DONALDSON LUFKIN & JENNRETTE
025 B000801 13-2741729
025 C000801 D
025 D000801 18345
025 D000802 0
025 D000803 0
025 D000804 0
025 D000805 0
025 D000806 0
025 D000807 0
025 D000808 0
028 A010800 15783
028 A020800 0
028 A030800 0
028 A040800 17644
028 B010800 8377
028 B020800 0
028 B030800 0
028 B040800 7083
028 C010800 8883
028 C020800 0
028 C030800 0
028 C040800 9147
028 D010800 13275
028 D020800 0
028 D030800 0
028 D040800 9229
028 E010800 9349
028 E020800 0
028 E030800 0
028 E040800 7246
028 F010800 14041
028 F020800 0
028 F030800 0
028 F040800 20412
028 G010800 69708
028 G020800 0
028 G030800 0
028 G040800 70761
028 H000800 69708
029 000800 Y
030 A000800 1017
030 B000800 5.75
030 C000800 0.00
<PAGE> PAGE 29
031 A000800 141
031 B000800 0
032 000800 876
033 000800 0
034 000800 Y
035 000800 412
036 A000800 N
036 B000800 0
038 000800 0
041 000800 Y
042 A000800 0
042 B000800 0
042 C000800 63
042 D000800 37
042 E000800 0
042 F000800 0
042 G000800 0
042 H000800 0
043 000800 1633
044 000800 0
045 000800 Y
046 000800 N
047 000800 Y
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 Y
<PAGE> PAGE 30
053 B000800 Y
053 C000800 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
066 F000800 N
066 G000800 N
067 000800 N
068 A000800 N
068 B000800 N
069 000800 N
070 A010800 Y
070 A020800 N
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
<PAGE> PAGE 31
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 447464
071 B000800 431098
071 C000800 233152
071 D000800 185
072 A000800 12
072 B000800 595
072 C000800 249
072 D000800 0
072 E000800 0
072 F000800 1821
072 G000800 0
072 H000800 0
072 I000800 1107
072 J000800 2
072 K000800 0
072 L000800 92
072 M000800 23
072 N000800 119
072 O000800 0
072 P000800 0
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072 R000800 15
072 S000800 15
072 T000800 1633
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072 X000800 4948
072 Y000800 406
072 Z000800 -3698
072AA000800 46197
072BB000800 0
072CC010800 30932
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072DD010800 0
<PAGE> PAGE 32
072DD020800 0
072EE000800 0
073 A010800 0.0000
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074 A000800 0
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074 C000800 0
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074 R040800 12643
074 S000800 0
074 T000800 282217
074 U010800 8588
074 U020800 11024
074 V010800 13.68
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076 000800 0.00
SIGNATURE NICK DALMASO
TITLE ATTORNEY
KPMG Peat Marwick LLP
Peat Marwick Plaza
303 East Wacker Drive
Chicago, IL 60601-9973
The Board of Trustees and Shareholders of
Van Kampen Utility Fund:
In planning and performing our auidit of the financial statements of Van Kampen
Utility Fund (the "Fund") for the year ended June 30, 1998, 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 estabilishing 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 manangement 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 liminations 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 weakness
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, 1998.
This report is intended solely for the information and use of management and the
Securities and Exchange Commission.
/S/ KPMG PEAT MARWICK LLP
August 3, 1998
<PAGE>
KPMG Peat Marwick LLP
Peat Marwick Plaza
303 East Wacker Drive
Chicago, IL 60601-9973
The Board of Trustees and Shareholders of
Van Kampen Great American Companies Fund:
In planning and performing our auidit of the financial statements of Van Kampen
Great American Companies Fund (the "Fund") for the year ended June 30, 1998, 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 estabilishing 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 manangement 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 liminations 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 weakness
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, 1998.
This report is intended solely for the information and use of management and the
Securities and Exchange Commission.
/S/ KPMG PEAT MARWICK LLP
August 3, 1998
<PAGE>
KPMG Peat Marwick LLP
Peat Marwick Plaza
303 East Wacker Drive
Chicago, IL 60601-9973
The Board of Trustees and Shareholders of
Van Kampen Growth Fund:
In planning and performing our auidit of the financial statements of Van Kampen
Growth Fund (the "Fund") for the year ended June 30, 1998, 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 estabilishing 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 manangement 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 liminations 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 weakness
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, 1998.
This report is intended solely for the information and use of management and the
Securities and Exchange Commission.
/S/ KPMG PEAT MARWICK LLP
August 3, 1998
<PAGE>
KPMG Peat Marwick LLP
Peat Marwick Plaza
303 East Wacker Drive
Chicago, IL 60601-9973
The Board of Trustees and Shareholders of
Van Kampen Prospector Fund:
In planning and performing our auidit of the financial statements of Van Kampen
Prospector Fund (the "Fund") for the year ended June 30, 1998, 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 estabilishing 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 manangement 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 liminations 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 weakness
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, 1998.
This report is intended solely for the information and use of management and the
Securities and Exchange Commission.
/S/ KPMG PEAT MARWICK LLP
August 3, 1998
<PAGE>
KPMG Peat Marwick LLP
Peat Marwick Plaza
303 East Wacker Drive
Chicago, IL 60601-9973
The Board of Trustees and Shareholders of
Van Kampen American Captial Value Fund:
In planning and performing our auidit of the financial statements of Van Kampen
American Capital Value Fund (the "Fund") for the year ended June 30, 1998, 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 estabilishing 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 manangement 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 liminations 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 weakness
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, 1998.
This report is intended solely for the information and use of management and the
Securities and Exchange Commission.
/S/ KPMG PEAT MARWICK LLP
August 3, 1998
<PAGE>
KPMG Peat Marwick LLP
Peat Marwick Plaza
303 East Wacker Drive
Chicago, IL 60601-9973
The Board of Trustees and Shareholders of
Van Kampen Aggressive Growth Fund:
In planning and performing our auidit of the financial statements of Van Kampen
Aggressive Growth Fund (the "Fund") for the year ended June 30, 1998, 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 estabilishing 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 manangement 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 liminations 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 weakness
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, 1998.
This report is intended solely for the information and use of management and the
Securities and Exchange Commission.
/S/ KPMG PEAT MARWICK LLP
August 3, 1998
<TABLE>
<CAPTION>
NSAR ITEM 77O
VKAC Utility Fund
10f-3 Transactions
UNDERWRITING# UNDERWRITING PURCHASED AMOUNT OF SHARES % OF DATE OF
FROM PURCHASED UNDERWRITING PURCHASE
<S> <C> <C> <C> <C> <C>
1 China Telecom Limited Goldman Sachs 112,0000 0.086% 10/16/97
2 France Telecom Merrill Lynch 20,000 0.009% 10/17/97
3 Telestra Corp., Ltd. First Boston 11.700 0.006% 11/17/97
4 El Paso Energy Capital Trust Donaldson, Luftkin 41,750 0.696% 03/12/98
& Jenrette
</TABLE>
<PAGE>
Other Firms participating in Underwriting
UNDERWRITING FOR #1
Goldman, Sachs & Co.
China International Capital Corporation
Morgan Stanley & Co., Inc.
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
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.
UNDERWRITING FOR #3 (CON'T)
J.P. Morgan Securities Inc.
Morgan Stanley &Co., Inc.
Ord Minnett Inc.
CIBC Wood Grundy Securities Corp.
RBC Dominion Securities Inc.
Bear, Stearns & Co.
Smith Barney Inc.
<TABLE>
<CAPTION>
NSAR ITEM 770
VKAC Great American Companies Fund
10f-3 Transactions
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. ^ncorporated
NationsBanc Montgomery Securities LLC
Neuberger & Berman, LLC
PaineWebber Incorporated
Raymond James & Associates, Inc.
Smith Barney Inc.
Utendahl Capital Partners, LP
Wheat First Securities
<TABLE>
<CAPTION>
NSAR ITEM 770
VKAC Growth Fund
10f-3 Transactions
UNDERWRITING# UNDERWRITING PURCHASED FROM AMOUNT OF SHARES % OF DATE OF
PURCHASED UNDERWRITING PURCHASE
<S> <C> <C> <C> <C> <C>
1 Peritus Software Services, Inc. Montgomery Securities 11,000 0.314% 07/01/97
2 Monarch Dental Hambrecht & Quist 4,700 0.171% 07/18/97
3 Galileo International, Inc. Merrill Lynch 10,000 0.031% 07/24/97
4 CMP Media, Inc. Goldman Sachs 40,000 0.800% 07/24/97
5 CMP Media Inc. Furman Selz 500 0.010% 07/24/97
6 Galileo Technology Alex Brown 12,000 0.436% 07/29/97
7 Ocular Sciences Cowen & Co. 10,000 0.139% 08/04/97
8 Ocular Sciences Bear Stearns 10,000 0.139% 08/04/97
9 QAD, Inc. Smith Barney 46,300 0.805% 08/05/97
10 E-Trade Robertson, Stephens 5,000 0.062% 08/20/97
11 J.D. Edwards & Co. Robertson Stephens 1,500 0.009% 09/23/97
12 J.D. Edwards & Co Furman Selz 500 0.003% 09/23/97
13 J.D. Edwards & Co Deutsche Morgan Grenfell 17,500 0.111% 09/23/97
14 Avis Rent A Car, Inc. Bear Stearns 6,000 0.031% 09/23/97
15 U.S.A. Floral Products, Inc. Robertson, Stephens 3,100 0.062% 10/09/97
16 U.S.A. Floral Products, Inc. Smith Barney 3,750 0.075% 10/09/97
17 U.S.A. Floral Products, Inc. Furman Selz 300 0.006% 10/09/97
18 Concord Communications, Inc. Montgomery Securities 16,300 0.562% 10/15/97
19 Drill-Quip Donaldson, Lufkin & 2,500 0.050% 10/22/97
Jenrette
20 Drill-Quip Simmons & Co. 1,000 0.020% 10/22/97
21 U.S. Web Hambrecht & Quist 75,000 1.500% 12/05/97
22 Broadcom Corporation Deutsche Morgan Grenfell 2,000 0.057% 04/16/98
23 DA Consulting Group, Inc. William Blair 2,800 0.117% 04/24/98
24 Mobius Wasserstein 7,100 0.215% 04/27/98
25 Aspec Technology, Inc. Hambrecht & Quist 15,000 0.250% 04/28/98
26 Ziff-Davis, Inc. Merrill Lynch 11,500 0.045% 04/28/98
27 United Road Services, Inc. Donaldson, Lufkin & 110,000 1.667% 05/01/98
Jenrette
28 Young & Rubicam Inc. Donaldson, Lufkin & 80,000 0.482% 05/12/98
Jenrette
29 Professional Detailing, Inc. Hambrecht & Quist 8,800 0.314% 05/19/98
30 Capstar Broadcasting Corp. First Boston 26,300 0.085% 05/26/98
</TABLE>
Other Firms participating in Underwriting:
UNDERWRITING FOR #1
Montgomery Securities
Wessels, Arnold & Henderson LLC
H.C, Wainwright & Co., Ijnc.
Alex, Brown & Sons Incorporated
Cowen & Co.
Donaldson, Lufkin & Jenrette Securities Corporation
J.P. Morgan Securities Inc.
Morgan Stanley & Co., Incorporated
Oppenheimer & Co., Inc.
Punk, Ziegel & Knoell, L.P.
Adams, Harkness, & Hill, Inc.
Cruttenden Roth Incorporated
First Albany Corporation
Furman Selz LLC
Hampshire Securities Corporation
Hanifen, Imhoff Inc.
UNDERWRITING FOR #2
Hambrecht & Quist LLC
Montgomery Securities
Salomon Brothers Inc.
Bear Stearns & Co. Inc.
Alex, Brown & Sons Incorporated
Donaldson, Lufkin & Jenrette Securities Corporation
Goldman, Sachs & Co.
Morgan Stanley & Co., Incorporated
Robertson, Stephens & Company LLC
Charles Schwab & Co., Inc.
Smith Barney Inc,
Allen & Comapany Incorporated
Robert W. Baird & Co. Incorporated
J.C. Bradford & Co.
Cleary Gull Reiland & McDevitt Inc.
Equitable Securities Corporation
EVEREN Securities, Inc.
First Southwest Company
Fox-Pitt, Kelton Inc.
Mesirow Financial Inc.
Pacific Growth Equities, Inc.
The Robinson-Humphrey Company, Inc.
UNDERWRITING FOR #3 & 6
Morgan Stanley & Co., Inc.
Lehman Brothers Inc.
Merrill Lynch, Inc.
J.P. Morgan Securities Inc.
SBC Warburg Inc.
ABN AMRO Chicago Corporation
Advest, Inc.
Bear, Stearns & Co. Inc.
Charsworth Securities LLC
Dominick & Dominick, Inc.
A.G. Edwards & Sons, Inc.
EVEREN Securities, Inc.
First of Michigan Corporation
Furman Selz LLC
Goldman, Sachs & Co.
Guzman & Company
Janney Montgomery Scott Inc.
Edward D. Jones & Co.
Lazard Freres & Co. LLC
Legg Mason Wood Walker, Ijnc.
McDonald & Company Securities, Inc.
Needham & Company, Inc.
Nesbitt Burns Securities Inc.
Ormes Captial Markets, Inc.
Paribas Corporation
Ragen MacKenzie Incorporated
Rauscher Pierce Refsnes, Inc.
Raymond James & Associates, Inc.
RBC Dominion Securities Inc.
Robertson, Stephens & Company LLC
The Robinson-Humphrey Company Inc.
Scott & Stringfellow, Inc.
Societe Generale Securities Corporation
Sutro & Co. Incorporated
Wheat, First Securities, Inc.
UNDERWRITING FOR #4 & 5
Goldman, Sachs & Co.
Lazard Freres & Co. LLC
Bear, Stearns & Co. Inc.
Furman Selz LLC
Alex, Brown & Sons Incorporated
Deitscche Morgan Grenfell Inc.
Donaldson, Lufkin & Jenrette Securities
A.G. Edwards & Sons, Inc.
Morgan Stanley & Co., Incorporated
Wasserstein Perella Securities, Inc.
William Blair & Company LLC
Cowen & Company
Legg Mason Wood Walker Incorporated
Raymond James & Associates, Inc.
Roney & Co., LLC
Utendahl Captial Partners, L.P.
UNDERWRITING FOR #7 & 8
Morgan Stanley & Co., Inc.
Bear, Stearns & Co. Inc.
Cowen & Company
Sanford C. Bernstein & Co., Inc.
Alex, Brown & Sons Incorporated
Deutsche Morgan Grenfell Inc.
Donaldson, Lufkin & Jenrette Securities Corporation
Gerard Klauer Mattision & Co., LLC
Goldman, Sachs & Co.
Edward D. Jones & Co., LP
John G. Kinnard and Company, Inc.
McDonald & Company Securities, Inc.
Merrill Lynch, Inc.
Needham & Company Securities, Inc.
Oppenheimer & Co., Inc.
Smith Barney Inc.
Van Kasper & Company
UNDERWRITING FOR #9
Smith Barney Inc.
Cowen & Company
Robertson, Stephens & Company LLC
Dakin Securities Corporation
Deutsche Morgan Grenfell Inc.
Houlihan, Lokey, Howard & Zukin Captial, LP
Lehman Brothers, Inc.
Merrill Lynch, Inc.
Montgomery Securities
J.P. Morgan Securities Inc.
Morgan Stanley & Co., Inc.
Needham & Company, Inc.
Pacific Growth Equities, Inc.
Punk, Ziegel & Company, LP
The Robinson-Humphrey Company, Inc.
Salomon Brothers Inc.
SoundView Financial Group, Inc.
Unterberg Harris
Wessels, Arnold & Henderson, LLC
UNDERWRITING FOR #10
Robertson, Stephens & Company LLC
Hambrecht & Quist LLC
Deutsche Morgan Grenfell Inc.
Montgomery Securities
E*Trade Securities, Inc.
Goldman, Sachs & Co.
Morgan Stanley & Co., Inc.
Oppenheimer & Co., Inc.
Piper Jaffrey Inc.
Raymond James & Associates, Inc.
Wessels, Arnold & Henderson
UNDERWRITING FOR #11, 12 &13
Morgan Stanley & Co., Incorporated
Deutsche Morgan Grenfell Inc.
Robertson, Stephens & Company LLC
William Blair & Company LLC
Cowen & Company
Dain Bosworth Incorporated
A.G. Edwards & Sons, Inc.
Furman Selz LLC
Goldman, Sachs & Co.
Hanifen, Imhoff Inc.
Merrill Lynch, Inc.
Montgomery Securities
Piper Jaffray Inc.
Soundview Financial Group Inc.
UBS Securities LLC
UNDERWRITING FOR #14
Bear, Stearns & Co. Inc.
Goldman, Sachs & Co.
Lehman Brothers, Inc.
Montgomery Securities
Robertson, Stephens & Company LLC
Blaylock & Partners, L.P.
Chase Securities Inc.
ABN AMRO Chicago Corporation
BT Alex, Brown Inc.
Cowen & Company
Credit Suisse First Boston Corporation
Donaldson, Lufkin & Jenrette Securities Corporation
Furman Selz LLC
Lazard Freres & Co. LLC
Merrill Lynch, Inc.
J.P. Morgan Securities Inc.
Morgan Stanley & Co., Inc.
Salomon Brothers Inc.
Smith Barney Inc.
Arnhold and S. Bleichroeder, Inc.
Gaines, Berland Inc.
McDonald & Company Securities, Inc.
Ormes Captial Markets, Inc.
Raymond James & Associates, Inc.
Sturdivant & Co., Inc.
UNDERWRITING FOR #15, 16 &17
Morgan Stanley & Co., Inc.
BancAmerica Robertson Stephens
Smith Barney Inc.
Advest, Inc.
J.C. Bradford & Co.
Blackford Securities Corp.
BT Alex, Brown Incorporated
Friedman, Billing, Ramsey & Co., Inc.
Furman Selz LLC
Janney Montgomery Scott Inc.
Edward D. Jones & Co., Inc.
Oppenheimer & Co., Inc.
Sands Brothers & Co., Ltd.
UNDERWRITING FOR #18
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 Ijncorporated
First Albany Corporation
Hampshire Securities Corp.
SoundView Financial Group
Tucker Anthony Incorporated
Volpe Brown Whelan & Company, LLC
H.C. Wainwright & Co., Inc.
UNDERWRITING FOR #19 & 20
Morgan Stanley & Co., Inc.
Donaldson, Lufkin & Jenrette Securities Corporation
Howard, Weil, Labouisse, Friedrichs Inc.
Morgan Keegan & Company, Inc.
Simmons & Company
UNDERWRITING FOR #21
Hambrecht & Quist LLLC
Donaldson, Lufkin & Jenrette Securities Corporation
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 #22
Morgan Stanley & Co., Incorporated
BT Alex, Brown Inc.
Hambrecht & Quist LLLC
Dain Rauscher Incorporated
A.G. Edwards & Sons, Inc.
Edwards D. Jones & Co., L.P.
Ladenburg Thalmann & Co., Inc.
NationsBanc Montgomery Securities, Inc.
Needham & Company, Inc.
Brad Peery Inc.
Wedbush Morgan Securities
UNDERWRITING FOR #24
Goldman, Sachs & Co.
NationsBanc Montgomery Securities, Inc.
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 #25
Merrill Lynch, Pierce, Fenner & Smith, Incorporated
CIBC Oppenheimer Corp.
Incorporated
Cowen & Company
Donaldson, Lufkin & Jenrette Securities Corporation
Furman Selz 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 & Associaties Inc.
SoundView Financial Group, Inc.
Sutro & Company Inc.
UNDERWRITING FOR #26
Morgan Stanley & Co., Incorporated
Goldman, Sachs & Co.
Donaldson, Lufkin & Jenrette Securities Corporation
BT Alex, Brown Incorporated
A.G. Edwards & Sons, Inc.
Furman Selz LLC
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 #27
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.
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 #28
Bear, Stearns & Co., Inc.
Furman Selz LLC
Goldman, Sachs & Co.
Smith Barney Inc.
ABN AMRO Chicago Corporation
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., Incorporate
NationsBanc Montgomery Securities, Inc.
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
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., LP
Needham & Company, Inc.
Ormes Captial 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 #29
Morgan Stanley & Co., Incorporated
William Blair & Company LLC
Cowen & Company
Credit Suisse First Boston Corporatioin
Dominick & Dominick, Incorporation
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 #30
BT Alex. Brown Incorporated
Morgan Stanley & Co., Incorporated
Bear, Stearns & Co. Inc.
Goldman, Sachs & Co.
NationsBanc Montgomery Securities LLC
Smith Barney Inc.
<TABLE>
<CAPTION>
NSAR ITEM 770
VKAC Prospector Fund
10f-3 Transactions
UNDERWRITING# UNDERWRITING PURCHASED AMOUNT OF SHARES % OF DATE OF
FROM PURCHASED UNDERWRITING PURCHASE
<S> <C> <C> <C> <C> <C>
1 Avis Rent A Car Bear St eams 100 0.001% 9/23/97
2 Endesa Merrill Lynch 300 0.001% 10/21/97
3 St. Joe Corporation Robert W. Baird 700 0.006% 02/10/98
4 Alstom ABN AMRO 600 0.001% 06/22/98
5 Rhodia ADS Bear Stearns 100 0.001% 06/25/98
</TABLE>
<PAGE>
Other Firms participating in Underwriting
UNDERWRITING FOR #1
Bear, Stearns & Co., Inc.
Goldman, Sachs & Co.
Lehman Brothers
Montgomery Securities
Robertson, Stephens & Company LLC
Blaylock & Partners, L.P.
Chase Securities Inc.
ABN AMRO Chicago Corporation
BT Alex, Brown Inc.
Cowen & Company
Credit Suisse First Boston Corporation
Donaldson, Lufkin & Jenrette Securities Corporation
Furman Selz LLC
Lazard Freres & Co. LLC
Merrill Lynch, Inc.
J.P. Morgan Securities Inc.
Morgan Stanley & Co., Inc.
Salomon Brothers Inc.
Smith Barney, Inc.
Arnhold and S. Bleichroeder, Inc.
Gaines, Berland Inc.
McDonald & Comapny Securities, Inc.
Ormes Captial Markets, Inc.
Raymond James & Associates, Inc.
Sturdivant & Co., Inc.
UNDERWRITING FOR #2
Merrill Lynch & Co.
Morgan Stanley & Co., Inc.
Bear, Stearns & Co., Inc.
Credit Suisse First Boston Corporation
Goldman, Sachs & Co.
PaineWebber Incorporated
Salomon Brothers Inc.
Santaneder 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 #3
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., L.P.
Laidlaw Global Securities
Legg Mason Wood Walker, Incorporated
Prudential Securities Incorporated
Smith Barney Inc.
Value Investment Partners, Inc.
Wasserstein Perella Securities, Inc.
UNDERWRITING FOR #4
Goldman Sachs Internation
Societe Generale
Morgan Stanley & Co. International Limited
Banque Nationale de Paris
Credit Agricole Indosuez
HSBC Investment Bank plc
Swiss Bank Corporation
ABN AMRO Rothschild
Banca Commerciale Italiana Spa
Cazenove & Co.
CDC Marches
Credit Lyonnais Securities
Deutesche Bank AG London
Generale Bank
Lehman Brothers Internaitional (Europe)
Merrill Lynch International
UNDERWRITING FOR #5
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 Sacks International
Paribas
Credit Agricole Indosuez
Banque Nationale de Paris
Credit Lyonnais
Credit Commercial de France
ABN AMRO Rothschild
Dresdner Kleinwort Benson
Nomura International pic
Societe Generale
<PAGE>
<TABLE>
<CAPTION>
NSAR ITEM 770
VKAC Value Fund
10f-3 Transactions
UNDERWRITING # UNDERWRITING PURCHASED AMOUNT OF SHARES % OF DATE OF
FROM PURCHASED UNDERWRITING PURCHASE
<S> <C> <C> <C> <C> <C>
1 Friede Goldman Jefferies & Co. 100 0.002% 07/21/97
International Inc.
2 Eagle Geophysical, Inc. Prudential Securities 2,800 0.048% 08/05/98
3 Capstar Broadcasting Corp. Salomon Smith 300 0.001% 05/26/98
Barney
4 Rhodia ADS Bear Stearns 100 0.001% 06/25/98
</TABLE>
<PAGE>
Other Firms participating in Underwriting
UNDERWRITING FOR #1
Bear, Stearns & Co., Inc.
Johnson Rice & Company LLC
Alex, Brown & Sons Incorporated
Credit Lyonnaise Securities Inc.
Credit Suisse First Boston Corporation
Deutsche Morgan Grenfell Inc.
Donaldson, Lufkin & Jenrette Securities Corp.
A.G. Edwards & Sons, Inc.
Goldman Sachs & Co.
Lazard Freres & Co. LLC
Lehman Brothers Inc.
Merrill Lynch, Inc.
Morgan Stanley & Co., Inc.
Oppenheimer & Co., Inc.
PaineWebber Incorporated
Prudential Securities Incorporated
Salomon Brothers Inc.
Schroder Wertheim & Co. Incorporated
Smith Barney Inc.
Fahnestock & Co., Inc.
First Albany Corporation
First of Michigan Corporation
Legg Masonb Wood Walker Inc.
Morgan Keegan & Company, Inc.
Petrie Parkman & Co.
Rauscher Pierce Refsnes, Inc.
Raymond James & Associated, Inc.
The Robinson-Humphrey Company, Inc.
UNDERWRITING FOR #2
Prudential Securities Incorporated
Simmons & Company International Bear, Stearns & Co., Inc.
Alex, Brown & Sons Incorporated
Credit Suisse First Boston Corporation
Dillon, Read & Co., Inc.
Donaldson, Lufkin & Jenrette Securities Corporation
A.G. Edwards & Sons, Inc.
Goldman, Sachs & Co.
Howard, Weil, Labouisse, Friedrichs Incorporated
Jefferies & Company, Inc.
Lehman Brothers Inc.
Merrill Lynch, Inc.
J.P. Morgan Securities Inc.
Morgan Stanley & Co., Inc.
Oppenheimer & Co., Inc.
PaineWebber Incorporated
Salomon Brothers Inc.
Smith Barney Inc.
J.C. Bradford & Co.
Crowell, Weedon & Co.
Fahnestock & Co., Inc.
First Albany Corporation
Furman Selz LLC
McDonald & Company Securities, Inc.
Morgan Keegan & Company, Inc.
Petrie Parkman & Co.
Principal Financial Securities, Inc.
Rauscher Pierce Refsnes, Inc.
Raymond James & Associates, Inc.
The Robinson-Humphrey Company, Inc.
Sutro & Co. Incorporated
Tucker Anthony Incorporated
George K. Baum & Company
Burnham Securities Inc.
Hanifen, Imhoff Inc.
Harris Webb & Garrison Inc.
Hoak Breedlove Wesneski & Co.
Edward D. Jones & Co., LP
Robotti & Company Inc.
Rodmkan & Renshaw, Inc.
The Seidler Companies Incorporated
Southcoast Capital Corporation
Southwest Securities, Inc.
Van Kasper & Company
The Williams Capital Group, LP
UNDERWRITING FOR #3
BT Alex Brown Incorporated
Morgan Stanley & Co. Incorporated
Bear, Stearns & Co. Inc.
Goldman, Sachs & Co.
NationsBanc Montgomery Securities LLC
Smith Barney Inc.
UNDERWRITING FOR #4
Swiss Bank Corporation, acting through its division, SBC Warburg Dillon Read
Morgan Stanley & Co. Incorporated
Donaldson, Lufkin & Jenrette International
BT Alex Brown International
Credit Suisse First Boston (Europe) Limited
Goldman Sachs International
Paribas
Credit Agricole Indosuez
Banque Nationale de Paris
Credit Lyonnaise
Credit Commercial de France
ABN AMRO Rothschild
Dresdner Kleinwort Benson
Normura International plc
Societe Generale
<PAGE>
<TABLE>
<CAPTION>
NSAR ITEM 770
VKAC Aggressive Growth Fund
10f-3 Transactions
UNDERWRITING UNDERWRITING PURCHASED AMOUNT OF SHARES % OF DATE OF
# FROM PURCHASED UNDERWRITING PURCHASE
<S> <C> <C> <C> <C> <C>
1 Peritus Software Services, Inc. Montgomery 19,000 0.543% 07/01/97
Securities
2 Monarch Dental Hjambrecht & Quist 7,800 0.284% 07/18/97
3 Friede Goldman International Inc. Jefferies & Co. 59,900 0.284% 07/21/97
4 Galileo Technology Alex Brown 18,000 0.655% 07/29/97
5 Galileo Technology Furman Selz 100 0.004% 07/29/97
6 QAD, Inc. Smith Barney 78,700 1.368% 08/05/97
7 The Children's Place Montgomery 5,000 0.125% 09/18/97
Securities
8 J.D. Edwards and Co. Robertson, Stephens 36,000 0.228% 09/23/97
9 Allied Waste Industries, Inc. Goldman Sachs 10,000 0.062% 09/24/97
10 UTI Energy Corp. Prudential Securities 20,000 0.338% 09/30/97
11 U.S.A. Floral Products, Inc. Robertson, Stephens 13,150 0.263% 10/09/97
12 Concord Communications, Inc. Montgomery 23,700 0.817% 10/15/97
Securities
13 Concord Communications, Inc. Robertson, Stephens 5,000 0.172% 10/15/97
14 Concord Communications, Inc. Wessels, Arnold & 1,000 0.034% 10/15/97
Henderson
15 Jones Apparel Group Merrill Lynch 5,000 0.111% 10/16/97
16 American Disposal Services, Inc. Oppenheimer & Co. 35,000 0.583% 10/22/97
17 Drill-Quip Donaldson, Lufkin & 6,500 0.130% 10/22/97
Jenrette
18 AmeriPath Donaldson, Lufkin & 25,000 0.446% 10/22/97
Jenrette
19 Grey Wolf, Inc. First Boston 125,000 0.500% 10/29/97
20 IRI International Corporation Lehman Brothers 75,000 0.625% 11/13/97
21 Jacor Communications, Inc. Donaldson, Lufkin & 6,200 0.136% 02/03/98
Jenrette
22 Univision Communications Donaldson, Lufkin & 10,600 0.050% 02/10/98
Jenrette
23 Natraceutical International Corp. Donaldson, Lufkin & 30,000 0.901% 02/20/98
Jenrette
24 Freedom Securities Corp. Donaldson, Lufkin & 27,500 0.372% 04/02/98
Jenrette
25 Cavanaughs Hospitality Corp. Oppenheimer 50,000 0.966% 04/03/98
26 Twinlab Corporation Bear Steams 12,200 0.153% 04/07/98
27 Broadcom Corporation Deutshe Morgan 4,000 0.114% 04/16/98
Grenfell
28 DA Consulting Group, Inc. William Blair 5,200 0.217% 04/24/98
29 Mobius Goldman Sachs 13,200 0.400% 04/27/98
30 HA-LO Industries, Inc. First Boston 20,000 0.364% 05/13/98
31 Professional Detailling, Inc. William Blair 16,200 0.579% 05/19/98
32 Cal Dive International Inc. Rayjmond James 25,000 1.003% 05/21/98
</TABLE>
<PAGE>
Other Firms participating in Underwriting
UNDERWRITING FOR #1
Montgomery Securities
Wessels, Arnold & Henderson LLC
H.C. Wainwright & Co., Inc.
Alex, Brown & Sons Incorporated
Cowen & Co.
Donaldson, Lufkin & Jenrette Securities Corporation
J.P. Morgan Securities Inc.
Punk, Ziegel & Knoell, L.P.
Adams, Harkness, & Hill, Inc.
Cruttenden Roth Incorporated
First Albany Corporation
Furman Selz LLC
Hampshire Securities Corporation
Hanifen, Imhoff Inc.
UNDERWRITING FOR #2
Hambrecht & Quest LLC
Montgomery Securities
Salomon Brothers Inc.
Bear, Stearns & Co., Inc.
Alex, Brown & Sons Incorporated
Donaldson, Lufkin & Jenrette Securities Corporation
Goldman, Sachs & Co.
Morgan Stantly & Co., Incorporation
Piper Jaffray Inc.
Prudential Securities Incorporated
Robertson, Stephens & Company LLC
Charles Schwab & Co., Inc.
Smith Barney Inc.
Allen & Company Incorporated
J.C. Bradford & Co.
Cleary Gull Reiland & McDevitt Inc.
Equitable Securities Corporation
EVEREN Securities, Inc.
First Southwest Company
Fox-Pitt, Kelton Inc.
Mesirow Financial Inc.
Pacific Growth Equities, Inc.
The Robinson-Humphrey Company, Inc.
UNDERWRITING FOR #3
Bear, Stearns & Co., Inc.
Johnson Rice & Company LLC
Alex, Brown & Sons Incorporated
Credit Lyonnaise Securities Inc.
Credit Suisse First Boston Corporation
Deutsche Morgan Grenfell Inc.
Donaldson, Lufkin & Jenrette Securities Corp.
A.G. Edwards & Sons, Inc.
Goldman, Sachs & Co.
Lazard Freres & Co. LLC
Lehman Brothers Inc.
Merrill Lynch, Inc.
Morgan Stanley & Co., Inc.
Oppenheimer & Co., Inc.
PaineWebber Incorporated
Prudential Securities Incorporated
Salomon Brothers Inc.
Schroder Wertheim & Co. Incorporated
Smith Barney Inc.
Fahnestock & Co., Inc.
First Albany Corporation
First of Michigan Corporation
Legg Mason Wood Walker Inc.
Morgan Keegan & Company, Inc.
Petrie Parkman & Co.
Rauscher Pierce Refsnes Inc.
Raymond James & Associates, Inc.
The Robinson-Humphrey Company, Inc.
UNDERWRITING FOR #4 & 5
Morgan Stanley & Co., Inc.
Lehman Brothers Inc.
Merrill Lynch, Inc.
J.P. Morgan Securities Inc.
SBC Warburg Inc.
ABN AMRO Chicago Corporation
Advest, Inc.
Bear, Stearns & Co., Inc.
Charsworth Securities LLC
Dominick & Dominick, Inc.
A.G. Edwards & Sons, Inc.
EVEREN Secutirites, Inc.
First of Michigan Corporation
Furman Selz Llc
Goldman, Sachs & Co.
Guzman & Company
Janney Montgomery Scott Inc.
Edwards D. Jones & Co.
Lazard Freres & Co. LLC
Legg Mason Wood Walker Inc.
McDonald & Company Securities, Inc.
Needham & Company
Nesbitt Burns Securities
Ormes Captial Markets, Inc.
Paribas Corporation
Ragen MacKenzie Incorporated
Rauscher Pierce Refsnes, Inc.
Raymond James & Associates, Inc.
RBC Dominion Securities Inc.
Robertson, Stephens & Company LLC
The Robinson-Humphrey Company Inc.
Scott & Stringfellow, Inc.
Societe Generale Securities Corporation
Sutro & Co. Incorporated
Wheat, First Securities, Inc.
UNDERWRITING FOR #6
Smith Barney Inc.
Cowen & Company
Robertson, Stephens & Company LLC
Dakin Securities Corporation
Deutsche Morgan Grenfell Inc.
Houlihan, Lokey, Howard & Zukin Captial, LP
Lehman Brothers, Inc.
Merrill Lynch Inc.
Montgomery Securities
J.P. Morgan Securities Inc.
Morgan Stanley & Co., Inc.
Needham & Company, Inc.
Pacific Growth Equities, Inc.
Punk, Ziegel & Company, L.P.
The Robinson-Humphrey Company, Inc.
Salomon Brothers Inc.
SoundView Financial Group, Inc.
Unterberg Harris
Wessels, Arnold & Henderson, LLC
UNDERWRITING FOR #7
Montgomery Securities
Donaldson, Lufkin & Jenrette Securities Corp.
Smith Barney, Inc.
Legg Mason Wood Walker, Inc.
Bear, Stearns & Co., Inc.
William Blair & Company, LLC
BT Alex, Brown Incorporated
Deutsche Morgan Grenfell Inc.
SBC Warburg Dillion Read Inc.
A.G. Edwards & Sons, Inc.
Merrill Lynch, Inc.
Morgan Stanley & Co., Inc.
Oppenheimer & Co., Inc.
PaineWebber Incorporated
Dain Bosworth Inc.
Needham & Company, Inc.
Stephens Inc.
Cruttenden Roth Incorporated
Fahnestock & Co., Inc.
Gerard Klauer Mattison & Co., LLC
Hampshire Securities Corporation
Ladenburg, Thalmann & Co., Inc.
H.C. Wainwright & Co., Inc.
UNDERWRITING FOR #8
Morgan Stanley & Co., Incorporated
Deutsche Morgan Grenfell Inc.
Robertson, Stephens & Company LLC
William Blair & Company, LLC
Cowen & Company
Dain Bosworth Incorporated
A.G. Edwards & Sons, Inc.
Furman Selz LLC
Goldman, Sachs & Co.
Hanifen, Imhoff Inc.
Merrill Lynch, Inc.
Montgomery Securities
Piper Jaffray Inc.
SoundView Financial Group Inc.
UBS Securities LLC
UNDERWRITING FOR #9
Goldman, Sachs & Co.
Credit Suisse First Boston Corporation
Donaldson, Lufkin & Jenrette Securities Corporation
Merrill Lynch, Inc.
Morgan Stanley & Co., Inc.
Robert W. Baird & Co. Inc.
Bear, Stearns & Co., Inc.
Deutsche Morgan Grenfell Inc.
First Analysis Securities Corporation
Gruntal & Co. Inc.
Edward D. Jones & Co.
Oppenheimer & Co., Inc.
Raymond James & Associates, Inc.
Salomon Brothers Inc.
Smith Barney Inc.
Wasserstein Perella Securities Inc.
UNDERWRITING FOR #10
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, Well, 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.
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 #11
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 #12, 13 & 14
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 #15
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 #16
Oppenheimer & Co. Inc.
Donaldson, Lufkin & Jenrette Securities Corp.
Credit Suisse First Boston Corporation
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
Prodential 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, LC
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.
PParker/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 #17
Morgan Stanley & Co., Inc.
Donald, Lufkin & Jenrette Securities Corp.
Howard, Weil, Labouisse, Friedrichs Inc.
Morgan Keegan & Company, Inc.
Simmons & Company
UNDERWRITING FOR #18
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 #19
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 Associated, 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 #20
Lehman Brothers Inc.
Howard, Weil, Labouisse, Fredrichs 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.
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 #21
Goldman, Sachs & Co.
Morgan Stanley & Co. Incorporated
Salomon Smith Barney
Chase Securities Inc.
CIBC Oppenheimer Corp.
Dresdner Kleinwort Benson North America LLC
NationsBanc Mortgomery Securities LLC
Genesis Mer chant Group Securities
TD Securities Inc.
UNDERWRITING FOR #22
Goldman, Sachs & Co.
Merrill Lynch, Pierce, Fenner & Smoth 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.
Gabelli & Company, Inc.
Hoak Breedlove Wesneski & Co.
McDonald & Company Securities, Inc.
Tucker Anthony Incorporated
C.E. Unterberg, Towbin
UNDERWRITING FOR #23
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 #24
Credit Suisse First Boston Corporation
Sutro & Co. Incorporated
Tucker Anthony Incorporated
BancAmerica Robertson Stephens
Bear, Stearns & Co. Inc.
CIBC Oppenheimer Corp.
Cowen & Company
Creidt 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.
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 #25
NationsBanc Montgomery Securities LLC
BT Alex.Brown Incorporated
A.G. Edwards & Sons, Inc.
Lehman Brothers Inc.
Morgan Stanley & Co. Incorproated
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
Landerburg Thalmann & Co. Inc.
Piper Jaffray Inc.
Ragen Mackenzie Incorporated
Sands Brothers & Co., Ltd.
UNDERWRITING FOR #26
Donaldson, Lufkin & Jenrette Securities Corporation
Adams, Harkness & Hill, Inc.
Lehman Brothers Inc.
Smith Barney Inc.
BT Alex Brown Incorporated
Chase Securities Inc.
Cowen & Company
Credit Suisse First Boston Croporation
Bresdner 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
Cabelli & 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 #27
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 #29
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, In c.
UNDERWRITING FOR #31
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 Sctt 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 #32
Morgan Stanley & Co. Incorporated
Simmons & Company International
Garines, Berland Inc.
Jefferies & Company, Inc.
Sanders Morris Mundy Inc.
Van Kasper & Company
<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> 12-MOS
<FISCAL-YEAR-END> JUN-30-1998
<PERIOD-START> JUL-01-1997
<PERIOD-END> JUN-30-1998
<INVESTMENTS-AT-COST> 114,033,895 <F1>
<INVESTMENTS-AT-VALUE> 153,279,794 <F1>
<RECEIVABLES> 973,720 <F1>
<ASSETS-OTHER> 5,368 <F1>
<OTHER-ITEMS-ASSETS> 808 <F1>
<TOTAL-ASSETS> 154,259,690 <F1>
<PAYABLE-FOR-SECURITIES> 460,096 <F1>
<SENIOR-LONG-TERM-DEBT> 0 <F1>
<OTHER-ITEMS-LIABILITIES> 749,649 <F1>
<TOTAL-LIABILITIES> 1,209,745 <F1>
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 45,755,409
<SHARES-COMMON-STOCK> 3,421,515
<SHARES-COMMON-PRIOR> 3,192,071
<ACCUMULATED-NII-CURRENT> (57,582)<F1>
<OVERDISTRIBUTION-NII> 0 <F1>
<ACCUMULATED-NET-GAINS> (48,816)<F1>
<OVERDISTRIBUTION-GAINS> 0 <F1>
<ACCUM-APPREC-OR-DEPREC> 39,245,899 <F1>
<NET-ASSETS> 60,414,092
<DIVIDEND-INCOME> 4,260,507 <F1>
<INTEREST-INCOME> 1,219,948 <F1>
<OTHER-INCOME> 0 <F1>
<EXPENSES-NET> (2,560,459)<F1>
<NET-INVESTMENT-INCOME> 2,919,996 <F1>
<REALIZED-GAINS-CURRENT> 5,691,843 <F1>
<APPREC-INCREASE-CURRENT> 26,338,865 <F1>
<NET-CHANGE-FROM-OPS> 34,950,704 <F1>
<EQUALIZATION> 0 <F1>
<DISTRIBUTIONS-OF-INCOME> (1,538,296)
<DISTRIBUTIONS-OF-GAINS> (5,310,506)
<DISTRIBUTIONS-OTHER> (2,987,603)
<NUMBER-OF-SHARES-SOLD> 1,328,514
<NUMBER-OF-SHARES-REDEEMED> (1,639,476)
<SHARES-REINVESTED> 540,406
<NET-CHANGE-IN-ASSETS> 7,932,291
<ACCUMULATED-NII-PRIOR> 382,954 <F1>
<ACCUMULATED-GAINS-PRIOR> 7,464,449 <F1>
<OVERDISTRIB-NII-PRIOR> 0 <F1>
<OVERDIST-NET-GAINS-PRIOR> 0 <F1>
<GROSS-ADVISORY-FEES> 939,137 <F1>
<INTEREST-EXPENSE> 0 <F1>
<GROSS-EXPENSE> 2,560,459 <F1>
<AVERAGE-NET-ASSETS> 55,671,869
<PER-SHARE-NAV-BEGIN> 16.441
<PER-SHARE-NII> 0.429
<PER-SHARE-GAIN-APPREC> 3.909
<PER-SHARE-DIVIDEND> (0.480)
<PER-SHARE-DISTRIBUTIONS> (1.691)
<RETURNS-OF-CAPITAL> (0.951)
<PER-SHARE-NAV-END> 17.657
<EXPENSE-RATIO> 1.30
<AVG-DEBT-OUTSTANDING> 0 <F1>
<AVG-DEBT-PER-SHARE> 0 <F1>
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
<F1> This item relates to the Fund on a composite
basis and not on a class basis
</LEGEND>
<SERIES>
<NUMBER> 22
<NAME> UTILITY CLASS B
<MULTIPLIER> 1
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> JUN-30-1998
<PERIOD-START> JUL-01-1997
<PERIOD-END> JUN-30-1998
<INVESTMENTS-AT-COST> 114,033,895 <F1>
<INVESTMENTS-AT-VALUE> 153,279,794 <F1>
<RECEIVABLES> 973,720 <F1>
<ASSETS-OTHER> 5,368 <F1>
<OTHER-ITEMS-ASSETS> 808 <F1>
<TOTAL-ASSETS> 154,259,690 <F1>
<PAYABLE-FOR-SECURITIES> 460,096 <F1>
<SENIOR-LONG-TERM-DEBT> 0 <F1>
<OTHER-ITEMS-LIABILITIES> 749,649 <F1>
<TOTAL-LIABILITIES> 1,209,745 <F1>
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 63,746,069
<SHARES-COMMON-STOCK> 4,921,099
<SHARES-COMMON-PRIOR> 5,067,268
<ACCUMULATED-NII-CURRENT> (57,582)<F1>
<OVERDISTRIBUTION-NII> 0 <F1>
<ACCUMULATED-NET-GAINS> (48,816)<F1>
<OVERDISTRIBUTION-GAINS> 0 <F1>
<ACCUM-APPREC-OR-DEPREC> 39,245,899 <F1>
<NET-ASSETS> 86,770,239
<DIVIDEND-INCOME> 4,260,507 <F1>
<INTEREST-INCOME> 1,219,948 <F1>
<OTHER-INCOME> 0 <F1>
<EXPENSES-NET> (2,560,459)<F1>
<NET-INVESTMENT-INCOME> 2,919,996 <F1>
<REALIZED-GAINS-CURRENT> 5,691,843 <F1>
<APPREC-INCREASE-CURRENT> 26,338,865 <F1>
<NET-CHANGE-FROM-OPS> 34,950,704 <F1>
<EQUALIZATION> 0 <F1>
<DISTRIBUTIONS-OF-INCOME> (1,714,845)
<DISTRIBUTIONS-OF-GAINS> (7,494,154)
<DISTRIBUTIONS-OTHER> (4,215,072)
<NUMBER-OF-SHARES-SOLD> 538,641
<NUMBER-OF-SHARES-REDEEMED> (1,388,187)
<SHARES-REINVESTED> 703,377
<NET-CHANGE-IN-ASSETS> 3,494,748
<ACCUMULATED-NII-PRIOR> 382,954 <F1>
<ACCUMULATED-GAINS-PRIOR> 7,464,449 <F1>
<OVERDISTRIB-NII-PRIOR> 0 <F1>
<OVERDIST-NET-GAINS-PRIOR> 0 <F1>
<GROSS-ADVISORY-FEES> 939,137 <F1>
<INTEREST-EXPENSE> 0 <F1>
<GROSS-EXPENSE> 2,560,459 <F1>
<AVERAGE-NET-ASSETS> 83,500,979
<PER-SHARE-NAV-BEGIN> 16.434
<PER-SHARE-NII> 0.309
<PER-SHARE-GAIN-APPREC> 3.891
<PER-SHARE-DIVIDEND> (0.360)
<PER-SHARE-DISTRIBUTIONS> (1.691)
<RETURNS-OF-CAPITAL> (0.951)
<PER-SHARE-NAV-END> 17.632
<EXPENSE-RATIO> 2.07
<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> 12-MOS
<FISCAL-YEAR-END> JUN-30-1998
<PERIOD-START> JUL-01-1997
<PERIOD-END> JUN-30-1998
<INVESTMENTS-AT-COST> 114,033,895 <F1>
<INVESTMENTS-AT-VALUE> 153,279,794 <F1>
<RECEIVABLES> 973,720 <F1>
<ASSETS-OTHER> 5,368 <F1>
<OTHER-ITEMS-ASSETS> 808 <F1>
<TOTAL-ASSETS> 154,259,690 <F1>
<PAYABLE-FOR-SECURITIES> 460,096 <F1>
<SENIOR-LONG-TERM-DEBT> 0 <F1>
<OTHER-ITEMS-LIABILITIES> 749,649 <F1>
<TOTAL-LIABILITIES> 1,209,745 <F1>
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 4,408,966
<SHARES-COMMON-STOCK> 332,912
<SHARES-COMMON-PRIOR> 299,404
<ACCUMULATED-NII-CURRENT> (57,582)<F1>
<OVERDISTRIBUTION-NII> 0 <F1>
<ACCUMULATED-NET-GAINS> (48,816)<F1>
<OVERDISTRIBUTION-GAINS> 0 <F1>
<ACCUM-APPREC-OR-DEPREC> 39,245,899 <F1>
<NET-ASSETS> 5,865,614
<DIVIDEND-INCOME> 4,260,507 <F1>
<INTEREST-INCOME> 1,219,948 <F1>
<OTHER-INCOME> 0 <F1>
<EXPENSES-NET> (2,560,459)<F1>
<NET-INVESTMENT-INCOME> 2,919,996 <F1>
<REALIZED-GAINS-CURRENT> 5,691,843 <F1>
<APPREC-INCREASE-CURRENT> 26,338,865 <F1>
<NET-CHANGE-FROM-OPS> 34,950,704 <F1>
<EQUALIZATION> 0 <F1>
<DISTRIBUTIONS-OF-INCOME> (108,102)
<DISTRIBUTIONS-OF-GAINS> (477,358)
<DISTRIBUTIONS-OTHER> (268,630)
<NUMBER-OF-SHARES-SOLD> 83,771
<NUMBER-OF-SHARES-REDEEMED> (83,492)
<SHARES-REINVESTED> 33,229
<NET-CHANGE-IN-ASSETS> 947,575
<ACCUMULATED-NII-PRIOR> 382,954 <F1>
<ACCUMULATED-GAINS-PRIOR> 7,464,449 <F1>
<OVERDISTRIB-NII-PRIOR> 0 <F1>
<OVERDIST-NET-GAINS-PRIOR> 0 <F1>
<GROSS-ADVISORY-FEES> 939,137 <F1>
<INTEREST-EXPENSE> 0 <F1>
<GROSS-EXPENSE> 2,560,459 <F1>
<AVERAGE-NET-ASSETS> 5,238,637
<PER-SHARE-NAV-BEGIN> 16.426
<PER-SHARE-NII> 0.308
<PER-SHARE-GAIN-APPREC> 3.887
<PER-SHARE-DIVIDEND> (0.360)
<PER-SHARE-DISTRIBUTIONS> (1.691)
<RETURNS-OF-CAPITAL> (0.951)
<PER-SHARE-NAV-END> 17.619
<EXPENSE-RATIO> 2.06
<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> 12-MOS
<FISCAL-YEAR-END> JUN-30-1998
<PERIOD-START> JUL-01-1997
<PERIOD-END> JUN-30-1998
<INVESTMENTS-AT-COST> 1,486,008 <F1>
<INVESTMENTS-AT-VALUE> 1,787,137 <F1>
<RECEIVABLES> 27,599 <F1>
<ASSETS-OTHER> 20,106 <F1>
<OTHER-ITEMS-ASSETS> 61,458 <F1>
<TOTAL-ASSETS> 1,896,300 <F1>
<PAYABLE-FOR-SECURITIES> 4,800 <F1>
<SENIOR-LONG-TERM-DEBT> 0 <F1>
<OTHER-ITEMS-LIABILITIES> 24,840 <F1>
<TOTAL-LIABILITIES> 29,640 <F1>
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 1,236,456
<SHARES-COMMON-STOCK> 100,925
<SHARES-COMMON-PRIOR> 88,566
<ACCUMULATED-NII-CURRENT> (20,810)<F1>
<OVERDISTRIBUTION-NII> 0 <F1>
<ACCUMULATED-NET-GAINS> 195,495 <F1>
<OVERDISTRIBUTION-GAINS> 0 <F1>
<ACCUM-APPREC-OR-DEPREC> 301,129 <F1>
<NET-ASSETS> 1,627,709
<DIVIDEND-INCOME> 16,979 <F1>
<INTEREST-INCOME> 0 <F1>
<OTHER-INCOME> 0 <F1>
<EXPENSES-NET> (20,418)<F1>
<NET-INVESTMENT-INCOME> (3,439)<F1>
<REALIZED-GAINS-CURRENT> 320,602 <F1>
<APPREC-INCREASE-CURRENT> 103,002 <F1>
<NET-CHANGE-FROM-OPS> 420,165 <F1>
<EQUALIZATION> 0 <F1>
<DISTRIBUTIONS-OF-INCOME> (12,532)
<DISTRIBUTIONS-OF-GAINS> (154,061)
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 0
<NUMBER-OF-SHARES-REDEEMED> 0
<SHARES-REINVESTED> 12,359
<NET-CHANGE-IN-ASSETS> 366,935
<ACCUMULATED-NII-PRIOR> (2,999)<F1>
<ACCUMULATED-GAINS-PRIOR> 51,566 <F1>
<OVERDISTRIB-NII-PRIOR> 0 <F1>
<OVERDIST-NET-GAINS-PRIOR> 0 <F1>
<GROSS-ADVISORY-FEES> 11,450 <F1>
<INTEREST-EXPENSE> 0 <F1>
<GROSS-EXPENSE> 137,343 <F1>
<AVERAGE-NET-ASSETS> 1,424,317
<PER-SHARE-NAV-BEGIN> 14.235
<PER-SHARE-NII> (0.009)
<PER-SHARE-GAIN-APPREC> 3.784
<PER-SHARE-DIVIDEND> (0.142)
<PER-SHARE-DISTRIBUTIONS> (1.740)
<RETURNS-OF-CAPITAL> 0.000
<PER-SHARE-NAV-END> 16.128
<EXPENSE-RATIO> 1.51
<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> 12-MOS
<FISCAL-YEAR-END> JUN-30-1998
<PERIOD-START> JUL-01-1997
<PERIOD-END> JUN-30-1998
<INVESTMENTS-AT-COST> 1,486,008 <F1>
<INVESTMENTS-AT-VALUE> 1,787,137 <F1>
<RECEIVABLES> 27,599 <F1>
<ASSETS-OTHER> 20,106 <F1>
<OTHER-ITEMS-ASSETS> 61,458 <F1>
<TOTAL-ASSETS> 1,896,300 <F1>
<PAYABLE-FOR-SECURITIES> 4,800 <F1>
<SENIOR-LONG-TERM-DEBT> 0 <F1>
<OTHER-ITEMS-LIABILITIES> 24,840 <F1>
<TOTAL-LIABILITIES> 29,640 <F1>
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 77,195
<SHARES-COMMON-STOCK> 7,407
<SHARES-COMMON-PRIOR> 6,500
<ACCUMULATED-NII-CURRENT> (20,810)<F1>
<OVERDISTRIBUTION-NII> 0 <F1>
<ACCUMULATED-NET-GAINS> 195,495 <F1>
<OVERDISTRIBUTION-GAINS> 0 <F1>
<ACCUM-APPREC-OR-DEPREC> 301,129 <F1>
<NET-ASSETS> 119,469
<DIVIDEND-INCOME> 16,979 <F1>
<INTEREST-INCOME> 0 <F1>
<OTHER-INCOME> 0 <F1>
<EXPENSES-NET> (20,418)<F1>
<NET-INVESTMENT-INCOME> (3,439)<F1>
<REALIZED-GAINS-CURRENT> 320,602 <F1>
<APPREC-INCREASE-CURRENT> 103,002 <F1>
<NET-CHANGE-FROM-OPS> 420,165 <F1>
<EQUALIZATION> 0 <F1>
<DISTRIBUTIONS-OF-INCOME> (920)
<DISTRIBUTIONS-OF-GAINS> (11,306)
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 0
<NUMBER-OF-SHARES-REDEEMED> 0
<SHARES-REINVESTED> 907
<NET-CHANGE-IN-ASSETS> 26,931
<ACCUMULATED-NII-PRIOR> (2,999)<F1>
<ACCUMULATED-GAINS-PRIOR> 51,566 <F1>
<OVERDISTRIB-NII-PRIOR> 0 <F1>
<OVERDIST-NET-GAINS-PRIOR> 0 <F1>
<GROSS-ADVISORY-FEES> 11,450 <F1>
<INTEREST-EXPENSE> 0 <F1>
<GROSS-EXPENSE> 137,343 <F1>
<AVERAGE-NET-ASSETS> 104,541
<PER-SHARE-NAV-BEGIN> 14.237
<PER-SHARE-NII> (0.004)
<PER-SHARE-GAIN-APPREC> 3.778
<PER-SHARE-DIVIDEND> (0.142)
<PER-SHARE-DISTRIBUTIONS> (1.740)
<RETURNS-OF-CAPITAL> 0.000
<PER-SHARE-NAV-END> 16.129
<EXPENSE-RATIO> 1.51
<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> 12-MOS
<FISCAL-YEAR-END> JUN-30-1998
<PERIOD-START> JUL-01-1997
<PERIOD-END> JUN-30-1998
<INVESTMENTS-AT-COST> 1,486,008 <F1>
<INVESTMENTS-AT-VALUE> 1,787,137 <F1>
<RECEIVABLES> 27,599 <F1>
<ASSETS-OTHER> 20,106 <F1>
<OTHER-ITEMS-ASSETS> 61,458 <F1>
<TOTAL-ASSETS> 1,896,300 <F1>
<PAYABLE-FOR-SECURITIES> 4,800 <F1>
<SENIOR-LONG-TERM-DEBT> 0 <F1>
<OTHER-ITEMS-LIABILITIES> 24,840 <F1>
<TOTAL-LIABILITIES> 29,640 <F1>
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 77,195
<SHARES-COMMON-STOCK> 7,407
<SHARES-COMMON-PRIOR> 6,898
<ACCUMULATED-NII-CURRENT> (20,810)<F1>
<OVERDISTRIBUTION-NII> 0 <F1>
<ACCUMULATED-NET-GAINS> 195,495 <F1>
<OVERDISTRIBUTION-GAINS> 0 <F1>
<ACCUM-APPREC-OR-DEPREC> 301,129 <F1>
<NET-ASSETS> 119,482
<DIVIDEND-INCOME> 16,979 <F1>
<INTEREST-INCOME> 0 <F1>
<OTHER-INCOME> 0 <F1>
<EXPENSES-NET> (20,418)<F1>
<NET-INVESTMENT-INCOME> (3,439)<F1>
<REALIZED-GAINS-CURRENT> 320,602 <F1>
<APPREC-INCREASE-CURRENT> 103,002 <F1>
<NET-CHANGE-FROM-OPS> 420,165 <F1>
<EQUALIZATION> 0 <F1>
<DISTRIBUTIONS-OF-INCOME> (920)
<DISTRIBUTIONS-OF-GAINS> (11,306)
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 0
<NUMBER-OF-SHARES-REDEEMED> (398)
<SHARES-REINVESTED> 907
<NET-CHANGE-IN-ASSETS> 21,276
<ACCUMULATED-NII-PRIOR> (2,999)<F1>
<ACCUMULATED-GAINS-PRIOR> 51,566 <F1>
<OVERDISTRIB-NII-PRIOR> 0 <F1>
<OVERDIST-NET-GAINS-PRIOR> 0 <F1>
<GROSS-ADVISORY-FEES> 11,450 <F1>
<INTEREST-EXPENSE> 0 <F1>
<GROSS-EXPENSE> 137,343 <F1>
<AVERAGE-NET-ASSETS> 104,547
<PER-SHARE-NAV-BEGIN> 14.237
<PER-SHARE-NII> (0.008)
<PER-SHARE-GAIN-APPREC> 3.784
<PER-SHARE-DIVIDEND> (0.142)
<PER-SHARE-DISTRIBUTIONS> (1.740)
<RETURNS-OF-CAPITAL> 0.000
<PER-SHARE-NAV-END> 16.131
<EXPENSE-RATIO> 1.51
<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> 12-MOS
<FISCAL-YEAR-END> JUN-30-1998
<PERIOD-START> JUL-01-1997
<PERIOD-END> JUN-30-1998
<INVESTMENTS-AT-COST> 115,790,888 <F1>
<INVESTMENTS-AT-VALUE> 154,784,032 <F1>
<RECEIVABLES> 370,964 <F1>
<ASSETS-OTHER> 20,106 <F1>
<OTHER-ITEMS-ASSETS> 3,374 <F1>
<TOTAL-ASSETS> 155,178,476 <F1>
<PAYABLE-FOR-SECURITIES> 0 <F1>
<SENIOR-LONG-TERM-DEBT> 0 <F1>
<OTHER-ITEMS-LIABILITIES> 1,328,459 <F1>
<TOTAL-LIABILITIES> 1,328,459 <F1>
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 46,142,115
<SHARES-COMMON-STOCK> 2,765,431
<SHARES-COMMON-PRIOR> 2,972,290
<ACCUMULATED-NII-CURRENT> (47,131)<F1>
<OVERDISTRIBUTION-NII> 0 <F1>
<ACCUMULATED-NET-GAINS> 3,378,184 <F1>
<OVERDISTRIBUTION-GAINS> 0 <F1>
<ACCUM-APPREC-OR-DEPREC> 38,993,144 <F1>
<NET-ASSETS> 64,885,052
<DIVIDEND-INCOME> 466,773 <F1>
<INTEREST-INCOME> 421,677 <F1>
<OTHER-INCOME> 0 <F1>
<EXPENSES-NET> (2,327,117)<F1>
<NET-INVESTMENT-INCOME> (1,438,667)<F1>
<REALIZED-GAINS-CURRENT> 12,903,865 <F1>
<APPREC-INCREASE-CURRENT> 31,450,153 <F1>
<NET-CHANGE-FROM-OPS> 42,915,351 <F1>
<EQUALIZATION> 0 <F1>
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> (2,743,327)
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 703,177
<NUMBER-OF-SHARES-REDEEMED> (1,052,014)
<SHARES-REINVESTED> 141,978
<NET-CHANGE-IN-ASSETS> 11,747,874
<ACCUMULATED-NII-PRIOR> (23,118)<F1>
<ACCUMULATED-GAINS-PRIOR> (1,783,047)<F1>
<OVERDISTRIB-NII-PRIOR> 0 <F1>
<OVERDIST-NET-GAINS-PRIOR> 0 <F1>
<GROSS-ADVISORY-FEES> 1,014,540 <F1>
<INTEREST-EXPENSE> 0 <F1>
<GROSS-EXPENSE> 2,713,156 <F1>
<AVERAGE-NET-ASSETS> 59,635,299
<PER-SHARE-NAV-BEGIN> 17.878
<PER-SHARE-NII> (0.136)
<PER-SHARE-GAIN-APPREC> 6.711
<PER-SHARE-DIVIDEND> 0.000
<PER-SHARE-DISTRIBUTIONS> (0.990)
<RETURNS-OF-CAPITAL> 0.000
<PER-SHARE-NAV-END> 23.463
<EXPENSE-RATIO> 1.30
<AVG-DEBT-OUTSTANDING> 0 <F1>
<AVG-DEBT-PER-SHARE> 0 <F1>
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
<F1> This item relates to the Fund on a composite
basis and not on a class basis
</LEGEND>
<SERIES>
<NUMBER> 52
<NAME> GROWTH CLASS B
<MULTIPLIER> 1
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> JUN-30-1998
<PERIOD-START> JUL-01-1997
<PERIOD-END> JUN-30-1998
<INVESTMENTS-AT-COST> 115,790,888 <F1>
<INVESTMENTS-AT-VALUE> 154,784,032 <F1>
<RECEIVABLES> 370,964 <F1>
<ASSETS-OTHER> 20,106 <F1>
<OTHER-ITEMS-ASSETS> 3,374 <F1>
<TOTAL-ASSETS> 155,178,476 <F1>
<PAYABLE-FOR-SECURITIES> 0 <F1>
<SENIOR-LONG-TERM-DEBT> 0 <F1>
<OTHER-ITEMS-LIABILITIES> 1,328,459 <F1>
<TOTAL-LIABILITIES> 1,328,459 <F1>
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 58,925,789
<SHARES-COMMON-STOCK> 3,440,655
<SHARES-COMMON-PRIOR> 3,091,364
<ACCUMULATED-NII-CURRENT> (47,131)<F1>
<OVERDISTRIBUTION-NII> 0 <F1>
<ACCUMULATED-NET-GAINS> 3,378,184 <F1>
<OVERDISTRIBUTION-GAINS> 0 <F1>
<ACCUM-APPREC-OR-DEPREC> 38,993,144 <F1>
<NET-ASSETS> 79,731,316
<DIVIDEND-INCOME> 466,773 <F1>
<INTEREST-INCOME> 421,677 <F1>
<OTHER-INCOME> 0 <F1>
<EXPENSES-NET> (2,327,117)<F1>
<NET-INVESTMENT-INCOME> (1,438,667)<F1>
<REALIZED-GAINS-CURRENT> 12,903,865 <F1>
<APPREC-INCREASE-CURRENT> 31,450,153 <F1>
<NET-CHANGE-FROM-OPS> 42,915,351 <F1>
<EQUALIZATION> 0 <F1>
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> (3,159,670)
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 623,694
<NUMBER-OF-SHARES-REDEEMED> (440,708)
<SHARES-REINVESTED> 166,305
<NET-CHANGE-IN-ASSETS> 24,716,760
<ACCUMULATED-NII-PRIOR> (23,118)<F1>
<ACCUMULATED-GAINS-PRIOR> (1,783,047)<F1>
<OVERDISTRIB-NII-PRIOR> 0 <F1>
<OVERDIST-NET-GAINS-PRIOR> 0 <F1>
<GROSS-ADVISORY-FEES> 1,014,540 <F1>
<INTEREST-EXPENSE> 0 <F1>
<GROSS-EXPENSE> 2,713,156 <F1>
<AVERAGE-NET-ASSETS> 67,001,108
<PER-SHARE-NAV-BEGIN> 17.796
<PER-SHARE-NII> (0.270)
<PER-SHARE-GAIN-APPREC> 6.637
<PER-SHARE-DIVIDEND> 0.000
<PER-SHARE-DISTRIBUTIONS> (0.990)
<RETURNS-OF-CAPITAL> 0.000
<PER-SHARE-NAV-END> 23.173
<EXPENSE-RATIO> 2.05
<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> 12-MOS
<FISCAL-YEAR-END> JUN-30-1998
<PERIOD-START> JUL-01-1997
<PERIOD-END> JUN-30-1998
<INVESTMENTS-AT-COST> 115,790,888 <F1>
<INVESTMENTS-AT-VALUE> 154,784,032 <F1>
<RECEIVABLES> 370,964 <F1>
<ASSETS-OTHER> 20,106 <F1>
<OTHER-ITEMS-ASSETS> 3,374 <F1>
<TOTAL-ASSETS> 155,178,476 <F1>
<PAYABLE-FOR-SECURITIES> 0 <F1>
<SENIOR-LONG-TERM-DEBT> 0 <F1>
<OTHER-ITEMS-LIABILITIES> 1,328,459 <F1>
<TOTAL-LIABILITIES> 1,328,459 <F1>
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 6,457,916
<SHARES-COMMON-STOCK> 398,471
<SHARES-COMMON-PRIOR> 464,855
<ACCUMULATED-NII-CURRENT> (47,131)<F1>
<OVERDISTRIBUTION-NII> 0 <F1>
<ACCUMULATED-NET-GAINS> 3,378,184 <F1>
<OVERDISTRIBUTION-GAINS> 0 <F1>
<ACCUM-APPREC-OR-DEPREC> 38,993,144 <F1>
<NET-ASSETS> 9,233,649
<DIVIDEND-INCOME> 466,773 <F1>
<INTEREST-INCOME> 421,677 <F1>
<OTHER-INCOME> 0 <F1>
<EXPENSES-NET> (2,327,117)<F1>
<NET-INVESTMENT-INCOME> (1,438,667)<F1>
<REALIZED-GAINS-CURRENT> 12,903,865 <F1>
<APPREC-INCREASE-CURRENT> 31,450,153 <F1>
<NET-CHANGE-FROM-OPS> 42,915,351 <F1>
<EQUALIZATION> 0 <F1>
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> (424,983)
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 63,730
<NUMBER-OF-SHARES-REDEEMED> (147,921)
<SHARES-REINVESTED> 17,807
<NET-CHANGE-IN-ASSETS> 962,255
<ACCUMULATED-NII-PRIOR> (23,118)<F1>
<ACCUMULATED-GAINS-PRIOR> (1,783,047)<F1>
<OVERDISTRIB-NII-PRIOR> 0 <F1>
<OVERDIST-NET-GAINS-PRIOR> 0 <F1>
<GROSS-ADVISORY-FEES> 1,014,540 <F1>
<INTEREST-EXPENSE> 0 <F1>
<GROSS-EXPENSE> 2,713,156 <F1>
<AVERAGE-NET-ASSETS> 8,737,426
<PER-SHARE-NAV-BEGIN> 17.793
<PER-SHARE-NII> (0.311)
<PER-SHARE-GAIN-APPREC> 6.681
<PER-SHARE-DIVIDEND> 0.000
<PER-SHARE-DISTRIBUTIONS> (0.990)
<RETURNS-OF-CAPITAL> 0.000
<PER-SHARE-NAV-END> 23.173
<EXPENSE-RATIO> 2.05
<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> 12-MOS
<FISCAL-YEAR-END> JUN-30-1998
<PERIOD-START> JUL-01-1997
<PERIOD-END> JUN-30-1998
<INVESTMENTS-AT-COST> 1,597,089 <F1>
<INVESTMENTS-AT-VALUE> 1,816,020 <F1>
<RECEIVABLES> 95,045 <F1>
<ASSETS-OTHER> 20,867 <F1>
<OTHER-ITEMS-ASSETS> 1,261 <F1>
<TOTAL-ASSETS> 1,933,193 <F1>
<PAYABLE-FOR-SECURITIES> 0 <F1>
<SENIOR-LONG-TERM-DEBT> 0 <F1>
<OTHER-ITEMS-LIABILITIES> 82,155 <F1>
<TOTAL-LIABILITIES> 82,155 <F1>
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 1,215,609
<SHARES-COMMON-STOCK> 101,359
<SHARES-COMMON-PRIOR> 91,217
<ACCUMULATED-NII-CURRENT> (16,067)<F1>
<OVERDISTRIBUTION-NII> 0 <F1>
<ACCUMULATED-NET-GAINS> 281,283 <F1>
<OVERDISTRIBUTION-GAINS> 0 <F1>
<ACCUM-APPREC-OR-DEPREC> 218,931 <F1>
<NET-ASSETS> 1,619,058
<DIVIDEND-INCOME> 33,513 <F1>
<INTEREST-INCOME> 0 <F1>
<OTHER-INCOME> 0 <F1>
<EXPENSES-NET> (21,059)<F1>
<NET-INVESTMENT-INCOME> 12,454 <F1>
<REALIZED-GAINS-CURRENT> 373,394 <F1>
<APPREC-INCREASE-CURRENT> 60,141 <F1>
<NET-CHANGE-FROM-OPS> 445,989 <F1>
<EQUALIZATION> 0 <F1>
<DISTRIBUTIONS-OF-INCOME> (25,473)
<DISTRIBUTIONS-OF-GAINS> (116,882)
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 0
<NUMBER-OF-SHARES-REDEEMED> 0
<SHARES-REINVESTED> 10,142
<NET-CHANGE-IN-ASSETS> 390,097
<ACCUMULATED-NII-PRIOR> 602 <F1>
<ACCUMULATED-GAINS-PRIOR> 41,519 <F1>
<OVERDISTRIB-NII-PRIOR> 0 <F1>
<OVERDIST-NET-GAINS-PRIOR> 0 <F1>
<GROSS-ADVISORY-FEES> 11,782 <F1>
<INTEREST-EXPENSE> 0 <F1>
<GROSS-EXPENSE> 124,703 <F1>
<AVERAGE-NET-ASSETS> 1,473,547
<PER-SHARE-NAV-BEGIN> 13.473
<PER-SHARE-NII> 0.131
<PER-SHARE-GAIN-APPREC> 3.924
<PER-SHARE-DIVIDEND> (0.275)
<PER-SHARE-DISTRIBUTIONS> (1.279)
<RETURNS-OF-CAPITAL> 0.000
<PER-SHARE-NAV-END> 15.974
<EXPENSE-RATIO> 1.28
<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> 12-MOS
<FISCAL-YEAR-END> JUN-30-1998
<PERIOD-START> JUL-01-1997
<PERIOD-END> JUN-30-1998
<INVESTMENTS-AT-COST> 1,597,089 <F1>
<INVESTMENTS-AT-VALUE> 1,816,020 <F1>
<RECEIVABLES> 95,045 <F1>
<ASSETS-OTHER> 20,867 <F1>
<OTHER-ITEMS-ASSETS> 1,261 <F1>
<TOTAL-ASSETS> 1,933,193 <F1>
<PAYABLE-FOR-SECURITIES> 0 <F1>
<SENIOR-LONG-TERM-DEBT> 0 <F1>
<OTHER-ITEMS-LIABILITIES> 82,155 <F1>
<TOTAL-LIABILITIES> 82,155 <F1>
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 75,641
<SHARES-COMMON-STOCK> 7,262
<SHARES-COMMON-PRIOR> 6,535
<ACCUMULATED-NII-CURRENT> (16,067)<F1>
<OVERDISTRIBUTION-NII> 0 <F1>
<ACCUMULATED-NET-GAINS> 281,283 <F1>
<OVERDISTRIBUTION-GAINS> 0 <F1>
<ACCUM-APPREC-OR-DEPREC> 218,931 <F1>
<NET-ASSETS> 115,990
<DIVIDEND-INCOME> 33,513 <F1>
<INTEREST-INCOME> 0 <F1>
<OTHER-INCOME> 0 <F1>
<EXPENSES-NET> (21,059)<F1>
<NET-INVESTMENT-INCOME> 12,454 <F1>
<REALIZED-GAINS-CURRENT> 373,394 <F1>
<APPREC-INCREASE-CURRENT> 60,141 <F1>
<NET-CHANGE-FROM-OPS> 445,989 <F1>
<EQUALIZATION> 0 <F1>
<DISTRIBUTIONS-OF-INCOME> (1,825)
<DISTRIBUTIONS-OF-GAINS> (8,374)
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 0
<NUMBER-OF-SHARES-REDEEMED> 0
<SHARES-REINVESTED> 727
<NET-CHANGE-IN-ASSETS> 27,946
<ACCUMULATED-NII-PRIOR> 602 <F1>
<ACCUMULATED-GAINS-PRIOR> 41,519 <F1>
<OVERDISTRIB-NII-PRIOR> 0 <F1>
<OVERDIST-NET-GAINS-PRIOR> 0 <F1>
<GROSS-ADVISORY-FEES> 11,782 <F1>
<INTEREST-EXPENSE> 0 <F1>
<GROSS-EXPENSE> 124,703 <F1>
<AVERAGE-NET-ASSETS> 105,566
<PER-SHARE-NAV-BEGIN> 13.473
<PER-SHARE-NII> 0.131
<PER-SHARE-GAIN-APPREC> 3.923
<PER-SHARE-DIVIDEND> (0.275)
<PER-SHARE-DISTRIBUTIONS> (1.279)
<RETURNS-OF-CAPITAL> 0.000
<PER-SHARE-NAV-END> 15.973
<EXPENSE-RATIO> 1.28
<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> 12-MOS
<FISCAL-YEAR-END> JUN-30-1998
<PERIOD-START> JUL-01-1997
<PERIOD-END> JUN-30-1998
<INVESTMENTS-AT-COST> 1,597,089 <F1>
<INVESTMENTS-AT-VALUE> 1,816,020 <F1>
<RECEIVABLES> 95,045 <F1>
<ASSETS-OTHER> 20,867 <F1>
<OTHER-ITEMS-ASSETS> 1,261 <F1>
<TOTAL-ASSETS> 1,933,193 <F1>
<PAYABLE-FOR-SECURITIES> 0 <F1>
<SENIOR-LONG-TERM-DEBT> 0 <F1>
<OTHER-ITEMS-LIABILITIES> 82,155 <F1>
<TOTAL-LIABILITIES> 82,155 <F1>
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 75,641
<SHARES-COMMON-STOCK> 7,262
<SHARES-COMMON-PRIOR> 6,535
<ACCUMULATED-NII-CURRENT> (16,067)<F1>
<OVERDISTRIBUTION-NII> 0 <F1>
<ACCUMULATED-NET-GAINS> 281,283 <F1>
<OVERDISTRIBUTION-GAINS> 0 <F1>
<ACCUM-APPREC-OR-DEPREC> 218,931 <F1>
<NET-ASSETS> 115,990
<DIVIDEND-INCOME> 33,513 <F1>
<INTEREST-INCOME> 0 <F1>
<OTHER-INCOME> 0 <F1>
<EXPENSES-NET> (21,059)<F1>
<NET-INVESTMENT-INCOME> 12,454 <F1>
<REALIZED-GAINS-CURRENT> 373,394 <F1>
<APPREC-INCREASE-CURRENT> 60,141 <F1>
<NET-CHANGE-FROM-OPS> 445,989 <F1>
<EQUALIZATION> 0 <F1>
<DISTRIBUTIONS-OF-INCOME> (1,825)
<DISTRIBUTIONS-OF-GAINS> (8,374)
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 0
<NUMBER-OF-SHARES-REDEEMED> 0
<SHARES-REINVESTED> 727
<NET-CHANGE-IN-ASSETS> 27,946
<ACCUMULATED-NII-PRIOR> 602 <F1>
<ACCUMULATED-GAINS-PRIOR> 41,519 <F1>
<OVERDISTRIB-NII-PRIOR> 0 <F1>
<OVERDIST-NET-GAINS-PRIOR> 0 <F1>
<GROSS-ADVISORY-FEES> 11,782 <F1>
<INTEREST-EXPENSE> 0 <F1>
<GROSS-EXPENSE> 124,703 <F1>
<AVERAGE-NET-ASSETS> 105,566
<PER-SHARE-NAV-BEGIN> 13.473
<PER-SHARE-NII> 0.131
<PER-SHARE-GAIN-APPREC> 3.923
<PER-SHARE-DIVIDEND> (0.275)
<PER-SHARE-DISTRIBUTIONS> (1.279)
<RETURNS-OF-CAPITAL> 0.000
<PER-SHARE-NAV-END> 15.973
<EXPENSE-RATIO> 1.28
<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> VALUE CLASS A
<MULTIPLIER> 1
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> JUN-30-1998
<PERIOD-START> JUL-01-1997
<PERIOD-END> JUN-30-1998
<INVESTMENTS-AT-COST> 1,410,856 <F1>
<INVESTMENTS-AT-VALUE> 1,578,947 <F1>
<RECEIVABLES> 58,853 <F1>
<ASSETS-OTHER> 20,106 <F1>
<OTHER-ITEMS-ASSETS> 41,741 <F1>
<TOTAL-ASSETS> 1,699,647 <F1>
<PAYABLE-FOR-SECURITIES> 0 <F1>
<SENIOR-LONG-TERM-DEBT> 0 <F1>
<OTHER-ITEMS-LIABILITIES> 58,317 <F1>
<TOTAL-LIABILITIES> 58,317 <F1>
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 1,251,565
<SHARES-COMMON-STOCK> 104,285
<SHARES-COMMON-PRIOR> 91,821
<ACCUMULATED-NII-CURRENT> (20,691)<F1>
<OVERDISTRIBUTION-NII> 0 <F1>
<ACCUMULATED-NET-GAINS> 82,668 <F1>
<OVERDISTRIBUTION-GAINS> 0 <F1>
<ACCUM-APPREC-OR-DEPREC> 168,091 <F1>
<NET-ASSETS> 1,430,777
<DIVIDEND-INCOME> 15,205 <F1>
<INTEREST-INCOME> 0 <F1>
<OTHER-INCOME> 0 <F1>
<EXPENSES-NET> (21,083)<F1>
<NET-INVESTMENT-INCOME> (5,878)<F1>
<REALIZED-GAINS-CURRENT> 240,590 <F1>
<APPREC-INCREASE-CURRENT> (38,155)<F1>
<NET-CHANGE-FROM-OPS> 196,557 <F1>
<EQUALIZATION> 0 <F1>
<DISTRIBUTIONS-OF-INCOME> (9,412)
<DISTRIBUTIONS-OF-GAINS> (192,785)
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 7
<NUMBER-OF-SHARES-REDEEMED> (4,076)
<SHARES-REINVESTED> 16,533
<NET-CHANGE-IN-ASSETS> 115,823
<ACCUMULATED-NII-PRIOR> (4,069)<F1>
<ACCUMULATED-GAINS-PRIOR> 62,157 <F1>
<OVERDISTRIB-NII-PRIOR> 0 <F1>
<OVERDIST-NET-GAINS-PRIOR> 0 <F1>
<GROSS-ADVISORY-FEES> 12,163 <F1>
<INTEREST-EXPENSE> 0 <F1>
<GROSS-EXPENSE> 125,914 <F1>
<AVERAGE-NET-ASSETS> 1,416,917
<PER-SHARE-NAV-BEGIN> 14.321
<PER-SHARE-NII> (0.032)
<PER-SHARE-GAIN-APPREC> 1.633
<PER-SHARE-DIVIDEND> (0.103)
<PER-SHARE-DISTRIBUTIONS> (2.100)
<RETURNS-OF-CAPITAL> 0.000
<PER-SHARE-NAV-END> 13.719
<EXPENSE-RATIO> 1.44
<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> VALUE CLASS B
<MULTIPLIER> 1
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> JUN-30-1998
<PERIOD-START> JUL-01-1997
<PERIOD-END> JUN-30-1998
<INVESTMENTS-AT-COST> 1,410,856 <F1>
<INVESTMENTS-AT-VALUE> 1,578,947 <F1>
<RECEIVABLES> 58,853 <F1>
<ASSETS-OTHER> 20,106 <F1>
<OTHER-ITEMS-ASSETS> 41,741 <F1>
<TOTAL-ASSETS> 1,699,647 <F1>
<PAYABLE-FOR-SECURITIES> 0 <F1>
<SENIOR-LONG-TERM-DEBT> 0 <F1>
<OTHER-ITEMS-LIABILITIES> 58,317 <F1>
<TOTAL-LIABILITIES> 58,317 <F1>
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 80,397
<SHARES-COMMON-STOCK> 7,670
<SHARES-COMMON-PRIOR> 6,500
<ACCUMULATED-NII-CURRENT> (20,691)<F1>
<OVERDISTRIBUTION-NII> 0 <F1>
<ACCUMULATED-NET-GAINS> 82,668 <F1>
<OVERDISTRIBUTION-GAINS> 0 <F1>
<ACCUM-APPREC-OR-DEPREC> 168,091 <F1>
<NET-ASSETS> 105,268
<DIVIDEND-INCOME> 15,205 <F1>
<INTEREST-INCOME> 0 <F1>
<OTHER-INCOME> 0 <F1>
<EXPENSES-NET> (21,083)<F1>
<NET-INVESTMENT-INCOME> (5,878)<F1>
<REALIZED-GAINS-CURRENT> 240,590 <F1>
<APPREC-INCREASE-CURRENT> (38,155)<F1>
<NET-CHANGE-FROM-OPS> 196,557 <F1>
<EQUALIZATION> 0 <F1>
<DISTRIBUTIONS-OF-INCOME> (666)
<DISTRIBUTIONS-OF-GAINS> (13,647)
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 0
<NUMBER-OF-SHARES-REDEEMED> 0
<SHARES-REINVESTED> 1,170
<NET-CHANGE-IN-ASSETS> 12,140
<ACCUMULATED-NII-PRIOR> (4,069)<F1>
<ACCUMULATED-GAINS-PRIOR> 62,157 <F1>
<OVERDISTRIB-NII-PRIOR> 0 <F1>
<OVERDIST-NET-GAINS-PRIOR> 0 <F1>
<GROSS-ADVISORY-FEES> 12,163 <F1>
<INTEREST-EXPENSE> 0 <F1>
<GROSS-EXPENSE> 125,914 <F1>
<AVERAGE-NET-ASSETS> 103,353
<PER-SHARE-NAV-BEGIN> 14.327
<PER-SHARE-NII> (0.027)
<PER-SHARE-GAIN-APPREC> 1.626
<PER-SHARE-DIVIDEND> (0.102)
<PER-SHARE-DISTRIBUTIONS> (2.100)
<RETURNS-OF-CAPITAL> 0.000
<PER-SHARE-NAV-END> 13.724
<EXPENSE-RATIO> 1.44
<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> VALUE CLASS C
<MULTIPLIER> 1
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> JUN-30-1998
<PERIOD-START> JUL-01-1997
<PERIOD-END> JUN-30-1998
<INVESTMENTS-AT-COST> 1,410,856 <F1>
<INVESTMENTS-AT-VALUE> 1,578,947 <F1>
<RECEIVABLES> 58,853 <F1>
<ASSETS-OTHER> 20,106 <F1>
<OTHER-ITEMS-ASSETS> 41,741 <F1>
<TOTAL-ASSETS> 1,699,647 <F1>
<PAYABLE-FOR-SECURITIES> 0 <F1>
<SENIOR-LONG-TERM-DEBT> 0 <F1>
<OTHER-ITEMS-LIABILITIES> 58,317 <F1>
<TOTAL-LIABILITIES> 58,317 <F1>
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 79,300
<SHARES-COMMON-STOCK> 7,670
<SHARES-COMMON-PRIOR> 6,500
<ACCUMULATED-NII-CURRENT> (20,691)<F1>
<OVERDISTRIBUTION-NII> 0 <F1>
<ACCUMULATED-NET-GAINS> 82,668 <F1>
<OVERDISTRIBUTION-GAINS> 0 <F1>
<ACCUM-APPREC-OR-DEPREC> 168,091 <F1>
<NET-ASSETS> 105,268
<DIVIDEND-INCOME> 15,205 <F1>
<INTEREST-INCOME> 0 <F1>
<OTHER-INCOME> 0 <F1>
<EXPENSES-NET> (21,083)<F1>
<NET-INVESTMENT-INCOME> (5,878)<F1>
<REALIZED-GAINS-CURRENT> 240,590 <F1>
<APPREC-INCREASE-CURRENT> (38,155)<F1>
<NET-CHANGE-FROM-OPS> 196,557 <F1>
<EQUALIZATION> 0 <F1>
<DISTRIBUTIONS-OF-INCOME> (666)
<DISTRIBUTIONS-OF-GAINS> (13,647)
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 0
<NUMBER-OF-SHARES-REDEEMED> 0
<SHARES-REINVESTED> 1,170
<NET-CHANGE-IN-ASSETS> 12,157
<ACCUMULATED-NII-PRIOR> (4,069)<F1>
<ACCUMULATED-GAINS-PRIOR> 62,157 <F1>
<OVERDISTRIB-NII-PRIOR> 0 <F1>
<OVERDIST-NET-GAINS-PRIOR> 0 <F1>
<GROSS-ADVISORY-FEES> 12,163 <F1>
<INTEREST-EXPENSE> 0 <F1>
<GROSS-EXPENSE> 125,914 <F1>
<AVERAGE-NET-ASSETS> 101,512
<PER-SHARE-NAV-BEGIN> 14.327
<PER-SHARE-NII> (0.026)
<PER-SHARE-GAIN-APPREC> 1.627
<PER-SHARE-DIVIDEND> (0.102)
<PER-SHARE-DISTRIBUTIONS> (2.100)
<RETURNS-OF-CAPITAL> 0.000
<PER-SHARE-NAV-END> 13.726
<EXPENSE-RATIO> 1.44
<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> AGGRESIVE GROWTH CLASS A
<MULTIPLIER> 1
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> JUN-30-1998
<PERIOD-START> JUL-01-1997
<PERIOD-END> JUN-30-1998
<INVESTMENTS-AT-COST> 224,429,398 <F1>
<INVESTMENTS-AT-VALUE> 294,482,400 <F1>
<RECEIVABLES> 4,629,055 <F1>
<ASSETS-OTHER> 61,275 <F1>
<OTHER-ITEMS-ASSETS> 3,548 <F1>
<TOTAL-ASSETS> 299,176,278 <F1>
<PAYABLE-FOR-SECURITIES> 3,807,001 <F1>
<SENIOR-LONG-TERM-DEBT> 0 <F1>
<OTHER-ITEMS-LIABILITIES> 13,151,906 <F1>
<TOTAL-LIABILITIES> 16,958,907 <F1>
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 77,375,241
<SHARES-COMMON-STOCK> 8,588,377
<SHARES-COMMON-PRIOR> 8,440,294
<ACCUMULATED-NII-CURRENT> (51,572)<F1>
<OVERDISTRIBUTION-NII> 0 <F1>
<ACCUMULATED-NET-GAINS> 19,332,000 <F1>
<OVERDISTRIBUTION-GAINS> 0 <F1>
<ACCUM-APPREC-OR-DEPREC> 70,053,002 <F1>
<NET-ASSETS> 117,451,248
<DIVIDEND-INCOME> 248,561 <F1>
<INTEREST-INCOME> 595,465 <F1>
<OTHER-INCOME> 0 <F1>
<EXPENSES-NET> (4,542,243)<F1>
<NET-INVESTMENT-INCOME> (3,698,217)<F1>
<REALIZED-GAINS-CURRENT> 46,196,606 <F1>
<APPREC-INCREASE-CURRENT> 30,931,626 <F1>
<NET-CHANGE-FROM-OPS> 73,430,015 <F1>
<EQUALIZATION> 0 <F1>
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 9,586,041
<NUMBER-OF-SHARES-REDEEMED> (9,437,958)
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> 33,486,244
<ACCUMULATED-NII-PRIOR> (34,878)<F1>
<ACCUMULATED-GAINS-PRIOR> (26,740,339)<F1>
<OVERDISTRIB-NII-PRIOR> 0 <F1>
<OVERDIST-NET-GAINS-PRIOR> 0 <F1>
<GROSS-ADVISORY-FEES> 1,820,687 <F1>
<INTEREST-EXPENSE> 0 <F1>
<GROSS-EXPENSE> 4,948,423 <F1>
<AVERAGE-NET-ASSETS> 106,023,771
<PER-SHARE-NAV-BEGIN> 9.948
<PER-SHARE-NII> (0.135)
<PER-SHARE-GAIN-APPREC> 3.863
<PER-SHARE-DIVIDEND> 0.000
<PER-SHARE-DISTRIBUTIONS> 0.000
<RETURNS-OF-CAPITAL> 0.000
<PER-SHARE-NAV-END> 13.676
<EXPENSE-RATIO> 1.44
<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> AGGRESIVE GROWTH CLASS B
<MULTIPLIER> 1
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> JUN-30-1998
<PERIOD-START> JUL-01-1997
<PERIOD-END> JUN-30-1998
<INVESTMENTS-AT-COST> 224,429,398 <F1>
<INVESTMENTS-AT-VALUE> 294,482,400 <F1>
<RECEIVABLES> 4,629,055 <F1>
<ASSETS-OTHER> 61,275 <F1>
<OTHER-ITEMS-ASSETS> 3,548 <F1>
<TOTAL-ASSETS> 299,176,278 <F1>
<PAYABLE-FOR-SECURITIES> 3,807,001 <F1>
<SENIOR-LONG-TERM-DEBT> 0 <F1>
<OTHER-ITEMS-LIABILITIES> 13,151,906 <F1>
<TOTAL-LIABILITIES> 16,958,907 <F1>
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 103,908,446
<SHARES-COMMON-STOCK> 11,023,802
<SHARES-COMMON-PRIOR> 9,548,967
<ACCUMULATED-NII-CURRENT> (51,572)<F1>
<OVERDISTRIBUTION-NII> 0 <F1>
<ACCUMULATED-NET-GAINS> 19,332,000 <F1>
<OVERDISTRIBUTION-GAINS> 0 <F1>
<ACCUM-APPREC-OR-DEPREC> 70,053,002 <F1>
<NET-ASSETS> 148,386,948
<DIVIDEND-INCOME> 248,561 <F1>
<INTEREST-INCOME> 595,465 <F1>
<OTHER-INCOME> 0 <F1>
<EXPENSES-NET> (4,542,243)<F1>
<NET-INVESTMENT-INCOME> (3,698,217)<F1>
<REALIZED-GAINS-CURRENT> 46,196,606 <F1>
<APPREC-INCREASE-CURRENT> 30,931,626 <F1>
<NET-CHANGE-FROM-OPS> 73,430,015 <F1>
<EQUALIZATION> 0 <F1>
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 3,875,397
<NUMBER-OF-SHARES-REDEEMED> (2,400,562)
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> 54,162,827
<ACCUMULATED-NII-PRIOR> (34,878)<F1>
<ACCUMULATED-GAINS-PRIOR> (26,740,339)<F1>
<OVERDISTRIB-NII-PRIOR> 0 <F1>
<OVERDIST-NET-GAINS-PRIOR> 0 <F1>
<GROSS-ADVISORY-FEES> 1,820,687 <F1>
<INTEREST-EXPENSE> 0 <F1>
<GROSS-EXPENSE> 4,948,423 <F1>
<AVERAGE-NET-ASSETS> 123,462,384
<PER-SHARE-NAV-BEGIN> 9.867
<PER-SHARE-NII> (0.204)
<PER-SHARE-GAIN-APPREC> 3.798
<PER-SHARE-DIVIDEND> 0.000
<PER-SHARE-DISTRIBUTIONS> 0.000
<RETURNS-OF-CAPITAL> 0.000
<PER-SHARE-NAV-END> 13.461
<EXPENSE-RATIO> 2.20
<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> AGGRESIVE GROWTH CLASS C
<MULTIPLIER> 1
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> JUN-30-1998
<PERIOD-START> JUL-01-1997
<PERIOD-END> JUN-30-1998
<INVESTMENTS-AT-COST> 224,429,398 <F1>
<INVESTMENTS-AT-VALUE> 294,482,400 <F1>
<RECEIVABLES> 4,629,055 <F1>
<ASSETS-OTHER> 61,275 <F1>
<OTHER-ITEMS-ASSETS> 3,548 <F1>
<TOTAL-ASSETS> 299,176,278 <F1>
<PAYABLE-FOR-SECURITIES> 3,807,001 <F1>
<SENIOR-LONG-TERM-DEBT> 0 <F1>
<OTHER-ITEMS-LIABILITIES> 13,151,906 <F1>
<TOTAL-LIABILITIES> 16,958,907 <F1>
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 11,600,254
<SHARES-COMMON-STOCK> 1,216,007
<SHARES-COMMON-PRIOR> 1,098,257
<ACCUMULATED-NII-CURRENT> (51,572)<F1>
<OVERDISTRIBUTION-NII> 0 <F1>
<ACCUMULATED-NET-GAINS> 19,332,000 <F1>
<OVERDISTRIBUTION-GAINS> 0 <F1>
<ACCUM-APPREC-OR-DEPREC> 70,053,002 <F1>
<NET-ASSETS> 16,379,175
<DIVIDEND-INCOME> 248,561 <F1>
<INTEREST-INCOME> 595,465 <F1>
<OTHER-INCOME> 0 <F1>
<EXPENSES-NET> (4,542,243)<F1>
<NET-INVESTMENT-INCOME> (3,698,217)<F1>
<REALIZED-GAINS-CURRENT> 46,196,606 <F1>
<APPREC-INCREASE-CURRENT> 30,931,626 <F1>
<NET-CHANGE-FROM-OPS> 73,430,015 <F1>
<EQUALIZATION> 0 <F1>
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 476,868
<NUMBER-OF-SHARES-REDEEMED> (359,118)
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> 5,540,398
<ACCUMULATED-NII-PRIOR> (34,878)<F1>
<ACCUMULATED-GAINS-PRIOR> (26,740,339)<F1>
<OVERDISTRIB-NII-PRIOR> 0 <F1>
<OVERDIST-NET-GAINS-PRIOR> 0 <F1>
<GROSS-ADVISORY-FEES> 1,820,687 <F1>
<INTEREST-EXPENSE> 0 <F1>
<GROSS-EXPENSE> 4,948,423 <F1>
<AVERAGE-NET-ASSETS> 13,521,514
<PER-SHARE-NAV-BEGIN> 9.869
<PER-SHARE-NII> (0.203)
<PER-SHARE-GAIN-APPREC> 3.804
<PER-SHARE-DIVIDEND> 0.000
<PER-SHARE-DISTRIBUTIONS> 0.000
<RETURNS-OF-CAPITAL> 0.000
<PER-SHARE-NAV-END> 13.470
<EXPENSE-RATIO> 2.20
<AVG-DEBT-OUTSTANDING> 0 <F1>
<AVG-DEBT-PER-SHARE> 0 <F1>
</TABLE>
