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<PAGE> PAGE 2
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<PAGE> PAGE 7
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<PAGE> PAGE 8
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<PAGE> PAGE 9
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<PAGE> PAGE 10
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<PAGE> PAGE 11
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<PAGE> PAGE 12
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<PAGE> PAGE 13
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<PAGE> PAGE 14
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<PAGE> PAGE 15
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<PAGE> PAGE 16
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<PAGE> PAGE 17
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<PAGE> PAGE 18
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<PAGE> PAGE 19
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<PAGE> PAGE 20
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<PAGE> PAGE 21
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028 E030700 0
028 E040700 0
028 F010700 0
028 F020700 0
028 F030700 0
028 F040700 0
028 G010700 5
028 G020700 0
028 G030700 0
028 G040700 0
028 H000700 0
029 000700 N
030 A000700 0
030 B000700 0.00
030 C000700 0.00
034 000700 N
035 000700 0
036 B000700 0
045 000700 Y
046 000700 N
047 000700 Y
048 000700 0.000
048 A010700 500000
048 A020700 0.075
048 B010700 500000
048 B020700 0.070
048 C010700 0
048 C020700 0.000
048 D010700 0
048 D020700 0.000
048 E010700 0
048 E020700 0.000
048 F010700 0
048 F020700 0.000
048 G010700 0
048 G020700 0.000
048 H010700 0
048 H020700 0.000
048 I010700 0
048 I020700 0.000
048 J010700 0
048 J020700 0.000
048 K010700 1000000
048 K020700 0.065
<PAGE> PAGE 22
049 000700 N
050 000700 N
051 000700 N
052 000700 N
053 A000700 Y
053 B000700 Y
053 C000700 N
066 A000700 Y
066 B000700 N
066 C000700 N
066 D000700 Y
066 E000700 N
066 F000700 N
066 G000700 N
067 000700 N
068 A000700 N
068 B000700 N
069 000700 N
070 A010700 Y
070 A020700 N
070 B010700 Y
070 B020700 N
070 C010700 Y
070 C020700 N
070 D010700 Y
070 D020700 N
070 E010700 Y
070 E020700 N
070 F010700 Y
070 F020700 N
070 G010700 Y
070 G020700 N
070 H010700 Y
070 H020700 N
070 I010700 Y
070 I020700 N
070 J010700 Y
070 J020700 N
070 K010700 Y
070 K020700 N
070 L010700 Y
070 L020700 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
<PAGE> PAGE 23
070 Q020700 N
070 R010700 N
070 R020700 N
071 A000700 928
071 B000700 976
071 C000700 1524
071 D000700 61
072 A000700 6
072 B000700 0
072 C000700 8
072 D000700 0
072 E000700 0
072 F000700 6
072 G000700 0
072 H000700 0
072 I000700 8
072 J000700 1
072 K000700 0
072 L000700 5
072 M000700 4
072 N000700 1
072 O000700 0
072 P000700 0
072 Q000700 11
072 R000700 5
072 S000700 1
072 T000700 0
072 U000700 4
072 V000700 0
072 W000700 4
072 X000700 50
072 Y000700 39
072 Z000700 -3
072AA000700 144
072BB000700 0
072CC010700 0
072CC020700 105
072DD010700 0
072DD020700 0
072EE000700 193
073 A010700 0.1030
073 A020700 0.1030
073 B000700 2.0990
073 C000700 0.0000
074 A000700 62
074 B000700 0
074 C000700 0
074 D000700 0
074 E000700 0
074 F000700 1476
074 G000700 0
<PAGE> PAGE 24
074 H000700 0
074 I000700 0
074 J000700 0
074 K000700 0
074 L000700 3
074 M000700 25
074 N000700 1566
074 O000700 0
074 P000700 0
074 Q000700 0
074 R010700 0
074 R020700 0
074 R030700 0
074 R040700 24
074 S000700 0
074 T000700 1542
074 U010700 108
074 U020700 8
074 V010700 12.44
074 V020700 12.44
074 W000700 0.0000
074 X000700 5
074 Y000700 0
075 A000700 0
075 B000700 1602
076 000700 0.00
024 000800 Y
025 A000801 BANKAMERICA SECURITIES
025 B000801 95-4035346
025 C000801 D
025 D000801 10305
025 D000802 0
025 D000803 0
025 D000804 0
025 D000805 0
025 D000806 0
025 D000807 0
025 D000808 0
028 A010800 9792
028 A020800 0
028 A030800 0
028 A040800 6937
028 B010800 9549
028 B020800 0
028 B030800 0
028 B040800 12243
028 C010800 17553
028 C020800 0
028 C030800 0
028 C040800 13236
028 D010800 27093
<PAGE> PAGE 25
028 D020800 0
028 D030800 0
028 D040800 13573
028 E010800 10456
028 E020800 0
028 E030800 0
028 E040800 13107
028 F010800 21012
028 F020800 0
028 F030800 0
028 F040800 15548
028 G010800 95455
028 G020800 0
028 G030800 0
028 G040800 74644
028 H000800 17706
029 000800 Y
030 A000800 508
030 B000800 5.75
030 C000800 0.00
031 A000800 71
031 B000800 0
032 000800 437
033 000800 0
034 000800 Y
035 000800 178
036 A000800 N
036 B000800 0
042 A000800 0
042 B000800 0
042 C000800 64
042 D000800 36
042 E000800 0
042 F000800 0
042 G000800 0
042 H000800 0
043 000800 766
044 000800 0
045 000800 Y
046 000800 N
047 000800 Y
048 000800 0.000
048 A010800 500000
048 A020800 0.075
048 B010800 500000
048 B020800 0.070
048 C010800 0
048 C020800 0.000
048 D010800 0
048 D020800 0.000
048 E010800 0
<PAGE> PAGE 26
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 0.065
049 000800 N
050 000800 N
051 000800 N
052 000800 N
053 A000800 Y
053 B000800 Y
053 C000800 N
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 Y
070 B010800 Y
070 B020800 N
070 C010800 Y
070 C020800 N
070 D010800 Y
070 D020800 N
070 E010800 Y
070 E020800 N
070 F010800 Y
070 F020800 N
070 G010800 Y
070 G020800 N
070 H010800 Y
070 H020800 N
070 I010800 Y
070 I020800 N
070 J010800 Y
070 J020800 N
<PAGE> PAGE 27
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 198286
071 B000800 181496
071 C000800 215638
071 D000800 84
072 A000800 12
072 B000800 284
072 C000800 91
072 D000800 0
072 E000800 0
072 F000800 858
072 G000800 0
072 H000800 0
072 I000800 549
072 J000800 1
072 K000800 0
072 L000800 36
072 M000800 16
072 N000800 48
072 O000800 0
072 P000800 0
072 Q000800 35
072 R000800 7
072 S000800 10
072 T000800 766
072 U000800 11
072 V000800 0
072 W000800 28
072 X000800 2365
072 Y000800 406
072 Z000800 -1584
072AA000800 20042
072BB000800 0
072CC010800 7471
072CC020800 0
072DD010800 0
<PAGE> PAGE 28
072DD020800 0
072EE000800 0
073 A010800 0.0000
073 A020800 0.0000
073 B000800 0.0000
073 C000800 0.0000
074 A000800 1
074 B000800 10305
074 C000800 0
074 D000800 0
074 E000800 0
074 F000800 226947
074 G000800 0
074 H000800 0
074 I000800 0
074 J000800 2434
074 K000800 0
074 L000800 1736
074 M000800 72
074 N000800 241495
074 O000800 4567
074 P000800 313
074 Q000800 0
074 R010800 0
074 R020800 0
074 R030800 0
074 R040800 845
074 S000800 0
074 T000800 235770
074 U010800 9066
074 U020800 10623
074 V010800 11.39
074 V020800 11.25
074 W000800 0.0000
074 X000800 40091
074 Y000800 0
075 A000800 0
075 B000800 227260
076 000800 0.00
SIGNATURE NICHOLAS DALMASO
TITLE ASSISTANT SECRETARY
NSAR ITEM 77O.1
VKAC Utility Fund
10f-3 Transactions
UNDERWRITING # UNDERWRITING PURCHASED FROM AMOUNT OF SHARES
PURCHASED
1 China Telecom Limited Goldman Sachs 112,000
2 France Telecom Merrill Lynch 20,000
3 Telstra Corp., Ltd. First Boston 11,700
UNDERWRITING # % OF UNDERWRITING DATE OF PURCHASE
1 0.086% 10/16/97
2 0.009% 10/17/97
3 0.006% 11/17/97
Other Firms participating in Underwriting:
Underwriting for #1
Goldman, Sachs & Co.
China International Capital Corporation
Morgan Stanley & Co. Incorporation
Bear, Stearns & Co., Inc.
Donaldson, Lufkin & Jenrette Securities Corporation
Merrill Lynch, Inc.
Credit Suisse First Boston
Prudential Securities Inc.
RBC Dominion Securities Corp.
Salomon Brothers Inc.
Smith Barney, Inc.
Underwriting for #2
Merrill Lynch & Co.
Lehman Brothers
Paribas
Deutsche Morgan Grenfell
Lazard Freres & Co. LLC
Morgan Stanley Dean Witter
Saolmon Brothers Inc.
Underwriting for #3
Credit Suisse First Boston Corporation
Goldman, Sachs & Co.
Macquarie Underwriting Limited
ABN AMRO Chicago Corporation
Were Stockbroking Limited
Merrill Lynch, Inc.
Salomon Brothers Inc.
Deutsche Morgan Grenfell Inc.
J.P. Morgan Securities Inc.
Morgan Stanley & Co., Inc.
Ord Minnett Inc.
CIBC Wood Gundy Securities Corp.
Underwriting for #3 (con't)
RBC Dominion Securities Inc.
Bear, Stearns & Co.
Smith Barney Inc.
NSAR ITEM 77O.2
VKAC Value Fund
10f-3 Transactions
UNDERWRITING # UNDERWRITING PURCHASED FROM
1 Friede Goldman International Inc. Jefferies & Co.
2 Eagle Geophysical, Inc. Prudential Securities
UNDERWRITING # AMOUNT OF SHARES % OF UNDERWRITING DATE OF PURCHASE
PURCHASED
1 100 0.002% 07/21/97
2 2,800 0.048% 08/05/97
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 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 #2
Prudential Securities Incorporated
Simmons & Company International
Bear, Stearns & Co., Inc.
Alex, Brown & Sons Incorporated
Credit Suisse First Boston Corporation
Underwriting for #2 (con't)
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
Underwriting for #2 (con't)
Southwest Securities, Inc.
Van Kasper & Company
The Williams Capital Group, LP
NSAR ITEM 77O.3
VKAC Growth Fund
10f-3 Transactions
UNDERWRITING # UNDERWRITING PURCHASED FROM
1 Peritus Software Services, Inc. Montgomery Securities
2 Monarch Dental Hambrecht & Quist
3 Galileo International, Inc. Merrill Lynch
4 CMP Media, Inc. Goldman Sachs
5 CMP Media, Inc. Furman Selz
6 Galileo Technology Alex Brown
7 Ocular Sciences Cowen & Co.
8 Ocular Sciences Bear Stearns
9 QAD, Inc. Smith Barney
10 E-Trade Robertson, Stephens
11 J.D. Edwards and Co. Robertson, Stephens
12 J.D. Edwards and Co. Furman Selz
13 J.D. Edwards and Co. Deutsche Morgan Grenfell
14 Avis Rent A Car, Inc. Bear Stearns
15 U.S.A. Floral Products, Inc. Robertson, Stephens
16 U.S.A. Floral Products, Inc. Smith Barney
17 U.S.A. Floral Products, Inc. Furman Selz
18 Concord Communications, Inc. Montgomery Securities
19 Dril-Quip Donaldson, Lufkin &
Jenrette
20 Dril-Quip Simmons & Co.
21 U.S. Web Hambrecht & Quist
UNDERWRITING # AMOUNT OF SHARES % OF UNDERWRITING DATE OF PURCHASE
PURCHASED
1 11,000 0.314% 07/01/97
2 4,700 0.171% 07/18/97
3 10,000 0.031% 07/24/97
4 40,000 0.800% 07/24/97
5 500 0.010% 07/24/97
6 12,000 0.436% 07/29/97
7 10,000 0.139% 08/04/97
8 10,000 0.139% 08/04/97
9 46,300 0.805% 08/05/97
10 5,000 0.062% 08/20/97
11 1,500 0.009% 09/23/97
12 500 0.003% 09/23/97
13 17,500 0.111% 09/23/97
14 6,000 0.031% 09/23/97
15 3,100 0.062% 10/09/97
16 3,750 0.075% 10/09/97
17 300 0.006% 10/09/97
18 16,300 0.562% 10/15/97
19 2,500 0.050% 10/22/97
20 1,000 0.020% 10/22/97
21 75,000 1.500% 12/05/97
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.
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
Piper Jaffray Inc.
Prudential Securities Incorporated
Robertson, Stephens & Company LLC
Charles Schwab & Co., Inc.
Smith Barney Inc.
Allen & Company Incorporated
Robert W. Baird & Co. Incorporated
J.C. Bradford & Co.
Cleary Gull Reiland & McDevitt Inc.
Underwriting for #2 (con't)
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, Inc.
McDonald & Company Securities, Inc.
Needham & Company, Inc.
Nesbitt Burns Securities Inc.
Ormes Capital Markets, Inc.
Paribas Corporation
Ragen MacKenzie Incorporated
Rauscher Pierce Refsnes, Inc.
Raymond James & Associates, Inc.
Underwriting for #3 & 6
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
Deutsche 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 Capital 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.
Underwriting for #7 & 8 (con't)
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 Capital, 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 # 10
Robertson, Stephens & Company LLC
Hambrecht & Quist LLC
Deutsche Morgan Grenfell Inc.
Montgomery Securities
E*Trade Securities, Inc.
Underwriting for #10 (con't)
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
Underwriting for #14 (con't)
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 Capital 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, 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 #18
NationsBanc Montgomery Securities, Inc.
BancAmerica Robertson Stephens
Wessels, Arnold & Henderson, LLC
BT Alex, Brown Inc.
Bear, Stearns & Co., Inc.
Underwriting for #18 (con't)
Cowne & Company
Credit Suisse First Boston Corp.
Hambrecht & Quist LLC
Morgan Stanley & Co. Incorporated
Prudential Securities Inc.
Adams, Harkness & Hill Inc.
Cruttenden Roth Incorporated
First Albany Corporation
Hampshire Securities Corp.
Soundview Financial Group
Tucker Anthony Incorporated
Volpe Brown Whelan & Company, LLC
H.C. Wainwright & Co., Inc.
Underwriting for #19 & 20
Morgan Stanley & Co., Inc.
Donaldson, Lufkin & Jenrette Securities Corp.
Howard, Weil, Labouisse, Friedrichs Inc.
Morgan Keegan & Company, Inc.
Simmons & Company
Underwriting for #21
Hambrecht & Quist LLC
Donaldson, Lufkin & Jenrette Securities Corp.
Wessels, Arnold & Henderson, LLC
First Albany Corp.
BancAmerica Robertson Stephens
BT Alex, Brown Inc.
Charles Schwab & Co., Inc.
Cruttenden Roth Inc.
Pacific Growth Equities, Inc.
Raymond James & Associates, Inc.
SoundView Financial Group, Inc.
Sutro & Company Inc.
Van Kasper & Company
NSAR ITEM 77O.4
VKAC Prospector Fund
10f-3 Transactions
UNDERWRITING # UNDERWRITING PURCHASED FROM
1 Avis Rent A Car, Inc. Bear Stearns
2 Endesa Merrill Lynch
UNDERWRITING # AMOUNT OF SHARES % OF UNDERWRITING DATE OF PURCHASE
PURCHASED
1 100 0.001% 09/23/97
2 300 0.001% 10/21/97
Other Firms participating in Underwriting:
Underwriting for #1
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 Capital Markets, Inc.
Raymond James & Associates, Inc.
Sturdivant & Co., Inc.
Underwriting for #2
Merrill Lynch, Inc.
Morgan Stanley & Co., Inc.
Bear, Stearns & Co., Inc.
Credit Suisse First Boston Corporation
Goldman, Sachs & Co.
PaineWebber Incorporated
Salomon Brothers Inc.
Santander Investment Securities Inc.
Underwriting for #2 (con't)
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.
NSAR ITEM 77O.5
VKAC Aggressive Growth Fund
10f-3 Transactions
UNDERWRITING # UNDERWRITING PURCHASED FROM
1 Peritus Software Services, Inc. Montgomery Securities
2 Monarch Dental Hambrecht & Quist
3 Friede Goldman International Inc. Jefferies & Co.
4 Galileo Technology Alex Brown
5 Galileo Technology Furman Selz
6 QAD, Inc. Smith Barney
7 The Children's Place Montgomery Securities
8 J.D. Edwards and Co. Robertson, Stephens
9 Allied Waste Industries, Inc. Goldman Sachs
10 UTI Energy Corp. Prudential Securities
11 U.S.A. Floral Products, Inc. Robertson, Stephens
12 Concord Communications, Inc. Montgomery Securities
13 Concord Communications, Inc. Robertson, Stephens
14 Concord Communications, Inc. Wessels, Arnold &
Henderson
15 Jones Apparel Group Merrill Lynch
16 American Disposal Services, Inc. Oppenheimer & Co.
17 Dril-Quip Donaldson, Lufkin &
Jenrette
18 AmeriPath Donaldson, Lufkin &
Jenrette
19 Grey Wolf, Inc. First Boston
20 IRI International Corporation Lehman Brothers
UNDERWRITING # AMOUNT OF SHARES % OF UNDERWRITING DATE OF PURCHASE
PURCHASED
1 19,000 0.543% 07/01/97
2 7,800 0.284% 07/18/97
3 59,900 1.284% 07/21/97
4 18,000 0.655% 07/29/97
5 100 0.004% 07/29/97
6 78,700 1.369% 08/05/97
7 5,000 0.125% 09/18/97
8 36,000 0.228% 09/23/97
9 10,000 0.062% 09/24/97
10 20,000 0.338% 09/30/97
11 13,150 0.263% 10/09/97
12 23,700 0.817% 10/15/97
13 5,000 0.172% 10/15/97
14 1,000 0.034% 10/15/97
15 5,000 0.111% 10/16/97
16 35,000 0.583% 10/22/97
17 6,500 0.130% 10/22/97
18 25,000 0.446% 10/22/97
19 125,000 0.500% 10/29/97
20 75,000 0.625% 11/13/97
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.
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
Piper Jaffray Inc.
Prudential Securities Incorporated
Robertson, Stephens & Company LLC
Charles Schwab & Co., Inc.
Smith Barney Inc.
Allen & Company Incorporated
Robert W. Baird & Co. Incorporated
J.C. Bradford & Co.
Cleary Gull Reiland & McDevitt Inc.
Underwriting for #2 (con't)
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 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, Inc.
McDonald & Company Securities, Inc.
Needham & Company, Inc.
Nesbitt Burns Securities Inc.
Ormes Capital 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 Capital, 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 Corporation
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 Dillon Read Inc.
A.G. Edwards & Sons, Inc.
Merrill Lynch, Inc.
Morgan Stanley & Co., Inc.
Oppenheimer & Co., Inc.
PaineWebber Incorporated
Dain Bosworth Inc.
Underwriting for #7 (con't)
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
Underwriting for #9 (con't)
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, Weil, Labouisse, Friedrichs Incorporated
Jefferies & Company, Inc.
Lazard Freres & Co. LLC
Merrill Lynch Inc.
JP Morgan Securities Inc.
Morgan Stanley & Co. Inc.
Oppenheimer & Co., Inc.
PaineWebber Incorporated
Salomon Brothers Inc.
SBC Warburg Dillon Read Inc.
Schroder & Co., Inc.
Smith Barney Inc.
Advest, Inc.
Crowell, Weedon & Co.
Janney Montgomery Scott Inc.
McDonald & Company Securities, Inc.
Morgan Keegan & Company, Inc.
Petrie Parkman & Co.
Principal Financial Securities, Inc.
Underwriting for # 10 (con't)
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.
Underwriting for #12, 13 & 14 (con't)
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
Underwriting for #16 (con't)
Lehamn Brothers Inc.
Merrill Lynch, Inc.
Morgan Stanley & Co., Inc.
PaineWebber Incorporated
Prudential Securities Inc.
SBC Warburg Dillon Read Inc.
Schroder & Co., Inc.
Smith Barney Inc.
First Analysis Securities Corporation
GS2 Securities, Inc.
Pacific Growth Equities, Inc.
Robert W. Baird & Co., Inc.
William Blair & Company, LLC
J.C. Bradford & Co.
Crowell, Weedon & Co.
Fahnestock & Co., Inc.
Furman Selz LLC
Gruntal & Co., LLC
Jefferies & Company
C.L. King & Associates, Inc.
Legg Mason Wood Walker, Inc.
McDonald & Company Securities, Inc.
Mortgan Keegan & Company, Inc.
Parker/Hunter Inc.
Rauscher Pierce Refsnes, Inc.
Raymond James & Associates, Inc.
The Robinson-Humphrey Company, LLC
Sanders Morris Mundy Inc.
Tucker Anthony Incorporated
Van Kasper & Company
H.G. Wellington & Co., Inc.
Wheat First Butcher Singer
Underwriting for #17
Morgan Stanley & Co., Inc.
Donaldson, 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.
Underwriting for #18 (con't)
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 Associates, Inc.
Jefferies & Company, Inc.
Lehman Brothers Inc.
Merit Capital Associates, Inc.
Merrill Lynch, Inc.
Morgan Keegan & Company, Inc.
Prime Charter Ltd.
Prudential Securities Inc.
Rauscher Pierce Refsnes, Inc.
Raymond James & Associates, Inc.
Salomon Brothers Inc.
Sanders Morris Mundy
Schroder & Co., Inc.
Charles Schwab & Co., Inc.
Simmons & Company International
Underwriting for #20
Lehman Brothers Inc.
Howard, Weil, Labouisse, Friedrichs Incorporated
Prudential Securities Incorporated
Credit Lyonnais Securities (USA) Inc.
Bear, Stearns & Co., Inc.
CIBC Oppenheimer Corp.
Credit Suisse First Boston Corporation
Donaldson, Lufkin & Jenrette Securities Corporation
Underwriting for #20 (con't)
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.
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 021
<NAME> UTILITY CLASS A
<MULTIPLIER> 1
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> JUN-30-1998
<PERIOD-START> JUL-01-1997
<PERIOD-END> DEC-31-1997
<INVESTMENTS-AT-COST> 118,164,416<F1>
<INVESTMENTS-AT-VALUE> 151,101,325<F1>
<RECEIVABLES> 1,416,986<F1>
<ASSETS-OTHER> 17,140<F1>
<OTHER-ITEMS-ASSETS> 5,088<F1>
<TOTAL-ASSETS> 152,540,539<F1>
<PAYABLE-FOR-SECURITIES> 0<F1>
<SENIOR-LONG-TERM-DEBT> 0<F1>
<OTHER-ITEMS-LIABILITIES> 702,863<F1>
<TOTAL-LIABILITIES> 702,863<F1>
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 52,668,465
<SHARES-COMMON-STOCK> 3,656,931
<SHARES-COMMON-PRIOR> 3,192,071
<ACCUMULATED-NII-CURRENT> 213,377<F1>
<OVERDISTRIBUTION-NII> 0<F1>
<ACCUMULATED-NET-GAINS> (10,679,302)<F1>
<OVERDISTRIBUTION-GAINS> 0<F1>
<ACCUM-APPREC-OR-DEPREC> 32,936,909<F1>
<NET-ASSETS> 60,745,006
<DIVIDEND-INCOME> 2,065,779<F1>
<INTEREST-INCOME> 675,835<F1>
<OTHER-INCOME> 0<F1>
<EXPENSES-NET> (1,314,837)<F1>
<NET-INVESTMENT-INCOME> 1,426,777<F1>
<REALIZED-GAINS-CURRENT> 2,604,122<F1>
<APPREC-INCREASE-CURRENT> 20,029,875<F1>
<NET-CHANGE-FROM-OPS> 24,060,774<F1>
<EQUALIZATION> 0<F1>
<DISTRIBUTIONS-OF-INCOME> (729,396)
<DISTRIBUTIONS-OF-GAINS> (8,296,668)
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 1,001,299
<NUMBER-OF-SHARES-REDEEMED> (1,038,977)
<SHARES-REINVESTED> 502,538
<NET-CHANGE-IN-ASSETS> 8,263,205
<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> 451,812<F1>
<INTEREST-EXPENSE> 0<F1>
<GROSS-EXPENSE> 1,314,837<F1>
<AVERAGE-NET-ASSETS> 52,401,660
<PER-SHARE-NAV-BEGIN> 16.441
<PER-SHARE-NII> 0.217
<PER-SHARE-GAIN-APPREC> 2.835
<PER-SHARE-DIVIDEND> (0.240)
<PER-SHARE-DISTRIBUTIONS> (2.642)
<RETURNS-OF-CAPITAL> 0.000
<PER-SHARE-NAV-END> 16.611
<EXPENSE-RATIO> 1.42
<AVG-DEBT-OUTSTANDING> 0<F1>
<AVG-DEBT-PER-SHARE> 0<F1>
<FN>
<F1>This item relates to the Fund on a composite basis and not on a class basis
</FN>
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 022
<NAME> UTILITY CLASS B
<MULTIPLIER> 1
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> JUN-30-1998
<PERIOD-START> JUL-01-1997
<PERIOD-END> DEC-31-1997
<INVESTMENTS-AT-COST> 118,164,416<F1>
<INVESTMENTS-AT-VALUE> 151,101,325<F1>
<RECEIVABLES> 1,416,986<F1>
<ASSETS-OTHER> 17,140<F1>
<OTHER-ITEMS-ASSETS> 5,088<F1>
<TOTAL-ASSETS> 152,540,539<F1>
<PAYABLE-FOR-SECURITIES> 0<F1>
<SENIOR-LONG-TERM-DEBT> 0<F1>
<OTHER-ITEMS-LIABILITIES> 702,863<F1>
<TOTAL-LIABILITIES> 702,863<F1>
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 72,260,347
<SHARES-COMMON-STOCK> 5,169,188
<SHARES-COMMON-PRIOR> 5,067,268
<ACCUMULATED-NII-CURRENT> 213,377<F1>
<OVERDISTRIBUTION-NII> 0<F1>
<ACCUMULATED-NET-GAINS> (10,679,302)<F1>
<OVERDISTRIBUTION-GAINS> 0<F1>
<ACCUM-APPREC-OR-DEPREC> 32,936,909<F1>
<NET-ASSETS> 85,780,379
<DIVIDEND-INCOME> 2,065,779<F1>
<INTEREST-INCOME> 675,835<F1>
<OTHER-INCOME> 0<F1>
<EXPENSES-NET> (1,314,837)<F1>
<NET-INVESTMENT-INCOME> 1,426,777<F1>
<REALIZED-GAINS-CURRENT> 2,604,122<F1>
<APPREC-INCREASE-CURRENT> 20,029,875<F1>
<NET-CHANGE-FROM-OPS> 24,060,774<F1>
<EQUALIZATION> 0<F1>
<DISTRIBUTIONS-OF-INCOME> (816,163)
<DISTRIBUTIONS-OF-GAINS> (11,705,218)
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 201,367
<NUMBER-OF-SHARES-REDEEMED> (761,271)
<SHARES-REINVESTED> 661,824
<NET-CHANGE-IN-ASSETS> 2,504,888
<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> 451,812<F1>
<INTEREST-EXPENSE> 0<F1>
<GROSS-EXPENSE> 1,314,837<F1>
<AVERAGE-NET-ASSETS> 80,609,190
<PER-SHARE-NAV-BEGIN> 16.434
<PER-SHARE-NII> 0.161
<PER-SHARE-GAIN-APPREC> 2.821
<PER-SHARE-DIVIDEND> (0.180)
<PER-SHARE-DISTRIBUTIONS> (2.642)
<RETURNS-OF-CAPITAL> 0.000
<PER-SHARE-NAV-END> 16.594
<EXPENSE-RATIO> 2.18
<AVG-DEBT-OUTSTANDING> 0<F1>
<AVG-DEBT-PER-SHARE> 0<F1>
<FN>
<F1>This item relates to the Fund on a composite basis and not on a class basis
</FN>
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 023
<NAME> UTILITY CLASS C
<MULTIPLIER> 1
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> JUN-30-1998
<PERIOD-START> JUL-01-1997
<PERIOD-END> DEC-31-1997
<INVESTMENTS-AT-COST> 118,164,416<F1>
<INVESTMENTS-AT-VALUE> 151,101,325<F1>
<RECEIVABLES> 1,416,986<F1>
<ASSETS-OTHER> 17,140<F1>
<OTHER-ITEMS-ASSETS> 5,088<F1>
<TOTAL-ASSETS> 152,540,539<F1>
<PAYABLE-FOR-SECURITIES> 0<F1>
<SENIOR-LONG-TERM-DEBT> 0<F1>
<OTHER-ITEMS-LIABILITIES> 702,863<F1>
<TOTAL-LIABILITIES> 702,863<F1>
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 4,437,880
<SHARES-COMMON-STOCK> 320,369
<SHARES-COMMON-PRIOR> 299,404
<ACCUMULATED-NII-CURRENT> 213,377<F1>
<OVERDISTRIBUTION-NII> 0<F1>
<ACCUMULATED-NET-GAINS> (10,679,302)<F1>
<OVERDISTRIBUTION-GAINS> 0<F1>
<ACCUM-APPREC-OR-DEPREC> 32,936,909<F1>
<NET-ASSETS> 5,312,291
<DIVIDEND-INCOME> 2,065,779<F1>
<INTEREST-INCOME> 675,835<F1>
<OTHER-INCOME> 0<F1>
<EXPENSES-NET> (1,314,837)<F1>
<NET-INVESTMENT-INCOME> 1,426,777<F1>
<REALIZED-GAINS-CURRENT> 2,604,122<F1>
<APPREC-INCREASE-CURRENT> 20,029,875<F1>
<NET-CHANGE-FROM-OPS> 24,060,774<F1>
<EQUALIZATION> 0<F1>
<DISTRIBUTIONS-OF-INCOME> (50,795)
<DISTRIBUTIONS-OF-GAINS> (745,987)
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 23,559
<NUMBER-OF-SHARES-REDEEMED> (33,792)
<SHARES-REINVESTED> 31,198
<NET-CHANGE-IN-ASSETS> 394,252
<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> 451,812<F1>
<INTEREST-EXPENSE> 0<F1>
<GROSS-EXPENSE> 1,314,837<F1>
<AVERAGE-NET-ASSETS> 4,945,915
<PER-SHARE-NAV-BEGIN> 16.426
<PER-SHARE-NII> 0.159
<PER-SHARE-GAIN-APPREC> 2.819
<PER-SHARE-DIVIDEND> (0.180)
<PER-SHARE-DISTRIBUTIONS> (2.642)
<RETURNS-OF-CAPITAL> 0.000
<PER-SHARE-NAV-END> 16.582
<EXPENSE-RATIO> 2.18
<AVG-DEBT-OUTSTANDING> 0<F1>
<AVG-DEBT-PER-SHARE> 0<F1>
<FN>
<F1>This item relates to the Fund on a composite basis and not on a class basis
</FN>
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 071
<NAME> VALUE CLASS A
<MULTIPLIER> 1
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> JUN-30-1998
<PERIOD-START> JUL-01-1997
<PERIOD-END> DEC-31-1997
<INVESTMENTS-AT-COST> 1,374,955<F1>
<INVESTMENTS-AT-VALUE> 1,476,517<F1>
<RECEIVABLES> 2,871<F1>
<ASSETS-OTHER> 24,071<F1>
<OTHER-ITEMS-ASSETS> 62,815<F1>
<TOTAL-ASSETS> 1,566,274<F1>
<PAYABLE-FOR-SECURITIES> 0<F1>
<SENIOR-LONG-TERM-DEBT> 0<F1>
<OTHER-ITEMS-LIABILITIES> 23,957<F1>
<TOTAL-LIABILITIES> 23,957<F1>
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 1,309,148
<SHARES-COMMON-STOCK> 108,357
<SHARES-COMMON-PRIOR> 91,821
<ACCUMULATED-NII-CURRENT> (17,798)<F1>
<OVERDISTRIBUTION-NII> 0<F1>
<ACCUMULATED-NET-GAINS> (14,737)<F1>
<OVERDISTRIBUTION-GAINS> 0<F1>
<ACCUM-APPREC-OR-DEPREC> 101,562<F1>
<NET-ASSETS> 1,347,517
<DIVIDEND-INCOME> 7,455<F1>
<INTEREST-INCOME> 0<F1>
<OTHER-INCOME> 0<F1>
<EXPENSES-NET> (10,412)<F1>
<NET-INVESTMENT-INCOME> (2,957)<F1>
<REALIZED-GAINS-CURRENT> 143,749<F1>
<APPREC-INCREASE-CURRENT> (104,684)<F1>
<NET-CHANGE-FROM-OPS> 36,108<F1>
<EQUALIZATION> 0<F1>
<DISTRIBUTIONS-OF-INCOME> (9,412)
<DISTRIBUTIONS-OF-GAINS> (192,785)
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 3
<NUMBER-OF-SHARES-REDEEMED> 0
<SHARES-REINVESTED> 16,533
<NET-CHANGE-IN-ASSETS> 32,563
<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> 6,056<F1>
<INTEREST-EXPENSE> 0<F1>
<GROSS-EXPENSE> 49,788<F1>
<AVERAGE-NET-ASSETS> 1,400,100
<PER-SHARE-NAV-BEGIN> 14.321
<PER-SHARE-NII> (0.002)
<PER-SHARE-GAIN-APPREC> 0.319
<PER-SHARE-DIVIDEND> (0.103)
<PER-SHARE-DISTRIBUTIONS> (2.099)
<RETURNS-OF-CAPITAL> 0.000
<PER-SHARE-NAV-END> 12.436
<EXPENSE-RATIO> 1.29
<AVG-DEBT-OUTSTANDING> 0<F1>
<AVG-DEBT-PER-SHARE> 0<F1>
<FN>
<F1>This item relates to the Fund on a composite basis and not on a class basis
</FN>
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 072
<NAME> VALUE CLASS B
<MULTIPLIER> 1
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> JUN-30-1998
<PERIOD-START> JUL-01-1997
<PERIOD-END> DEC-31-1997
<INVESTMENTS-AT-COST> 1,374,955<F1>
<INVESTMENTS-AT-VALUE> 1,476,517<F1>
<RECEIVABLES> 2,871<F1>
<ASSETS-OTHER> 24,071<F1>
<OTHER-ITEMS-ASSETS> 62,815<F1>
<TOTAL-ASSETS> 1,566,274<F1>
<PAYABLE-FOR-SECURITIES> 0<F1>
<SENIOR-LONG-TERM-DEBT> 0<F1>
<OTHER-ITEMS-LIABILITIES> 23,957<F1>
<TOTAL-LIABILITIES> 23,957<F1>
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 84,841
<SHARES-COMMON-STOCK> 7,988
<SHARES-COMMON-PRIOR> 6,500
<ACCUMULATED-NII-CURRENT> (17,798)<F1>
<OVERDISTRIBUTION-NII> 0<F1>
<ACCUMULATED-NET-GAINS> (14,737)<F1>
<OVERDISTRIBUTION-GAINS> 0<F1>
<ACCUM-APPREC-OR-DEPREC> 101,562<F1>
<NET-ASSETS> 99,369
<DIVIDEND-INCOME> 7,455<F1>
<INTEREST-INCOME> 0<F1>
<OTHER-INCOME> 0<F1>
<EXPENSES-NET> (10,412)<F1>
<NET-INVESTMENT-INCOME> (2,957)<F1>
<REALIZED-GAINS-CURRENT> 143,749<F1>
<APPREC-INCREASE-CURRENT> (104,684)<F1>
<NET-CHANGE-FROM-OPS> 36,108<F1>
<EQUALIZATION> 0<F1>
<DISTRIBUTIONS-OF-INCOME> (694)
<DISTRIBUTIONS-OF-GAINS> (14,211)
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 269
<NUMBER-OF-SHARES-REDEEMED> 0
<SHARES-REINVESTED> 1,219
<NET-CHANGE-IN-ASSETS> 6,241
<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> 6,056<F1>
<INTEREST-EXPENSE> 0<F1>
<GROSS-EXPENSE> 49,788<F1>
<AVERAGE-NET-ASSETS> 102,561
<PER-SHARE-NAV-BEGIN> 14.327
<PER-SHARE-NII> (0.001)
<PER-SHARE-GAIN-APPREC> 0.316
<PER-SHARE-DIVIDEND> (0.103)
<PER-SHARE-DISTRIBUTIONS> (2.099)
<RETURNS-OF-CAPITAL> 0.000
<PER-SHARE-NAV-END> 12.440
<EXPENSE-RATIO> 1.29
<AVG-DEBT-OUTSTANDING> 0<F1>
<AVG-DEBT-PER-SHARE> 0<F1>
<FN>
<F1>This item relates to the Fund on a composite basis and not on a class basis
</FN>
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 073
<NAME> VALUE CLASS C
<MULTIPLIER> 1
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> JUN-30-1998
<PERIOD-START> JUL-01-1997
<PERIOD-END> DEC-31-1997
<INVESTMENTS-AT-COST> 1,374,955<F1>
<INVESTMENTS-AT-VALUE> 1,476,517<F1>
<RECEIVABLES> 2,871<F1>
<ASSETS-OTHER> 24,071<F1>
<OTHER-ITEMS-ASSETS> 62,815<F1>
<TOTAL-ASSETS> 1,566,274<F1>
<PAYABLE-FOR-SECURITIES> 0<F1>
<SENIOR-LONG-TERM-DEBT> 0<F1>
<OTHER-ITEMS-LIABILITIES> 23,957<F1>
<TOTAL-LIABILITIES> 23,957<F1>
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 79,301
<SHARES-COMMON-STOCK> 7,670
<SHARES-COMMON-PRIOR> 6,500
<ACCUMULATED-NII-CURRENT> (17,798)<F1>
<OVERDISTRIBUTION-NII> 0<F1>
<ACCUMULATED-NET-GAINS> (14,737)<F1>
<OVERDISTRIBUTION-GAINS> 0<F1>
<ACCUM-APPREC-OR-DEPREC> 101,562<F1>
<NET-ASSETS> 95,431
<DIVIDEND-INCOME> 7,455<F1>
<INTEREST-INCOME> 0<F1>
<OTHER-INCOME> 0<F1>
<EXPENSES-NET> (10,412)<F1>
<NET-INVESTMENT-INCOME> (2,957)<F1>
<REALIZED-GAINS-CURRENT> 143,749<F1>
<APPREC-INCREASE-CURRENT> (104,684)<F1>
<NET-CHANGE-FROM-OPS> 36,108<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> 2,303
<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> 6,056<F1>
<INTEREST-EXPENSE> 0<F1>
<GROSS-EXPENSE> 49,788<F1>
<AVERAGE-NET-ASSETS> 99,156
<PER-SHARE-NAV-BEGIN> 14.327
<PER-SHARE-NII> (0.002)
<PER-SHARE-GAIN-APPREC> 0.319
<PER-SHARE-DIVIDEND> (0.103)
<PER-SHARE-DISTRIBUTIONS> (2.099)
<RETURNS-OF-CAPITAL> 0.000
<PER-SHARE-NAV-END> 12.442
<EXPENSE-RATIO> 1.29
<AVG-DEBT-OUTSTANDING> 0<F1>
<AVG-DEBT-PER-SHARE> 0<F1>
<FN>
<F1>This item relates to the Fund on a composite basis and not on a class basis
</FN>
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 041
<NAME> GREAT AMERICAN COS. A
<MULTIPLIER> 1
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> JUN-30-1998
<PERIOD-START> JUL-01-1997
<PERIOD-END> DEC-31-1997
<INVESTMENTS-AT-COST> 1,303,282<F1>
<INVESTMENTS-AT-VALUE> 1,491,034<F1>
<RECEIVABLES> 13,363<F1>
<ASSETS-OTHER> 24,071<F1>
<OTHER-ITEMS-ASSETS> 111,398<F1>
<TOTAL-ASSETS> 1,639,866<F1>
<PAYABLE-FOR-SECURITIES> 14,694<F1>
<SENIOR-LONG-TERM-DEBT> 0<F1>
<OTHER-ITEMS-LIABILITIES> 21,357<F1>
<TOTAL-LIABILITIES> 36,051<F1>
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 1,236,456
<SHARES-COMMON-STOCK> 100,925
<SHARES-COMMON-PRIOR> 88,566
<ACCUMULATED-NII-CURRENT> (18,472)<F1>
<OVERDISTRIBUTION-NII> 0<F1>
<ACCUMULATED-NET-GAINS> 37,916<F1>
<OVERDISTRIBUTION-GAINS> 0<F1>
<ACCUM-APPREC-OR-DEPREC> 187,752<F1>
<NET-ASSETS> 1,393,058
<DIVIDEND-INCOME> 8,593<F1>
<INTEREST-INCOME> 0<F1>
<OTHER-INCOME> 0<F1>
<EXPENSES-NET> (9,638)<F1>
<NET-INVESTMENT-INCOME> (1,045)<F1>
<REALIZED-GAINS-CURRENT> 163,717<F1>
<APPREC-INCREASE-CURRENT> (10,375)<F1>
<NET-CHANGE-FROM-OPS> 152,297<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> 132,284
<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> 5,438<F1>
<INTEREST-EXPENSE> 0<F1>
<GROSS-EXPENSE> 62,116<F1>
<AVERAGE-NET-ASSETS> 1,339,424
<PER-SHARE-NAV-BEGIN> 14.235
<PER-SHARE-NII> 0.011
<PER-SHARE-GAIN-APPREC> 1.439
<PER-SHARE-DIVIDEND> (0.142)
<PER-SHARE-DISTRIBUTIONS> (1.740)
<RETURNS-OF-CAPITAL> 0.000
<PER-SHARE-NAV-END> 13.803
<EXPENSE-RATIO> 1.50
<AVG-DEBT-OUTSTANDING> 0<F1>
<AVG-DEBT-PER-SHARE> 0<F1>
<FN>
<F1>This item relates to the Fund on a composite basis and not on a class basis
</FN>
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 042
<NAME> GREAT AMERICAN COS. B
<MULTIPLIER> 1
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> JUN-30-1998
<PERIOD-START> JUL-01-1997
<PERIOD-END> DEC-31-1997
<INVESTMENTS-AT-COST> 1,303,282<F1>
<INVESTMENTS-AT-VALUE> 1,491,034<F1>
<RECEIVABLES> 13,363<F1>
<ASSETS-OTHER> 24,071<F1>
<OTHER-ITEMS-ASSETS> 111,398<F1>
<TOTAL-ASSETS> 1,639,866<F1>
<PAYABLE-FOR-SECURITIES> 14,694<F1>
<SENIOR-LONG-TERM-DEBT> 0<F1>
<OTHER-ITEMS-LIABILITIES> 21,357<F1>
<TOTAL-LIABILITIES> 36,051<F1>
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 77,196
<SHARES-COMMON-STOCK> 7,407
<SHARES-COMMON-PRIOR> 6,500
<ACCUMULATED-NII-CURRENT> (18,472)<F1>
<OVERDISTRIBUTION-NII> 0<F1>
<ACCUMULATED-NET-GAINS> 37,916<F1>
<OVERDISTRIBUTION-GAINS> 0<F1>
<ACCUM-APPREC-OR-DEPREC> 187,752<F1>
<NET-ASSETS> 102,247
<DIVIDEND-INCOME> 8,593<F1>
<INTEREST-INCOME> 0<F1>
<OTHER-INCOME> 0<F1>
<EXPENSES-NET> (9,638)<F1>
<NET-INVESTMENT-INCOME> (1,045)<F1>
<REALIZED-GAINS-CURRENT> 163,717<F1>
<APPREC-INCREASE-CURRENT> (10,375)<F1>
<NET-CHANGE-FROM-OPS> 152,297<F1>
<EQUALIZATION> 0<F1>
<DISTRIBUTIONS-OF-INCOME> (920)
<DISTRIBUTIONS-OF-GAINS> (11,307)
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 0
<NUMBER-OF-SHARES-REDEEMED> 0
<SHARES-REINVESTED> 907
<NET-CHANGE-IN-ASSETS> 9,709
<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> 5,438<F1>
<INTEREST-EXPENSE> 0<F1>
<GROSS-EXPENSE> 62,116<F1>
<AVERAGE-NET-ASSETS> 98,310
<PER-SHARE-NAV-BEGIN> 14.237
<PER-SHARE-NII> 0.017
<PER-SHARE-GAIN-APPREC> 1.432
<PER-SHARE-DIVIDEND> (0.142)
<PER-SHARE-DISTRIBUTIONS> (1.740)
<RETURNS-OF-CAPITAL> 0.000
<PER-SHARE-NAV-END> 13.804
<EXPENSE-RATIO> 1.50
<AVG-DEBT-OUTSTANDING> 0<F1>
<AVG-DEBT-PER-SHARE> 0<F1>
<FN>
<F1>This item relates to the Fund on a composite basis and not on a class basis
</FN>
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 043
<NAME> GREAT AMERICAN COS. C
<MULTIPLIER> 1
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> JUN-30-1998
<PERIOD-START> JUL-01-1997
<PERIOD-END> DEC-31-1997
<INVESTMENTS-AT-COST> 1,303,282<F1>
<INVESTMENTS-AT-VALUE> 1,491,034<F1>
<RECEIVABLES> 13,363<F1>
<ASSETS-OTHER> 24,071<F1>
<OTHER-ITEMS-ASSETS> 111,398<F1>
<TOTAL-ASSETS> 1,639,866<F1>
<PAYABLE-FOR-SECURITIES> 14,694<F1>
<SENIOR-LONG-TERM-DEBT> 0<F1>
<OTHER-ITEMS-LIABILITIES> 21,357<F1>
<TOTAL-LIABILITIES> 36,051<F1>
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 82,967
<SHARES-COMMON-STOCK> 7,861
<SHARES-COMMON-PRIOR> 6,898
<ACCUMULATED-NII-CURRENT> (18,472)<F1>
<OVERDISTRIBUTION-NII> 0<F1>
<ACCUMULATED-NET-GAINS> 37,916<F1>
<OVERDISTRIBUTION-GAINS> 0<F1>
<ACCUM-APPREC-OR-DEPREC> 187,752<F1>
<NET-ASSETS> 108,510
<DIVIDEND-INCOME> 8,593<F1>
<INTEREST-INCOME> 0<F1>
<OTHER-INCOME> 0<F1>
<EXPENSES-NET> (9,638)<F1>
<NET-INVESTMENT-INCOME> (1,045)<F1>
<REALIZED-GAINS-CURRENT> 163,717<F1>
<APPREC-INCREASE-CURRENT> (10,375)<F1>
<NET-CHANGE-FROM-OPS> 152,297<F1>
<EQUALIZATION> 0<F1>
<DISTRIBUTIONS-OF-INCOME> (976)
<DISTRIBUTIONS-OF-GAINS> (11,999)
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 0
<NUMBER-OF-SHARES-REDEEMED> 0
<SHARES-REINVESTED> 963
<NET-CHANGE-IN-ASSETS> 10,304
<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> 5,438<F1>
<INTEREST-EXPENSE> 0<F1>
<GROSS-EXPENSE> 62,116<F1>
<AVERAGE-NET-ASSETS> 104,332
<PER-SHARE-NAV-BEGIN> 14.237
<PER-SHARE-NII> 0.017
<PER-SHARE-GAIN-APPREC> 1.432
<PER-SHARE-DIVIDEND> (0.142)
<PER-SHARE-DISTRIBUTIONS> (1.740)
<RETURNS-OF-CAPITAL> 0.000
<PER-SHARE-NAV-END> 13.804
<EXPENSE-RATIO> 1.50
<AVG-DEBT-OUTSTANDING> 0<F1>
<AVG-DEBT-PER-SHARE> 0<F1>
<FN>
<F1>This item relates to the Fund on a composite basis and not on a class basis
</FN>
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 051
<NAME> GROWTH CLASS A
<MULTIPLIER> 1
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> JUN-30-1998
<PERIOD-START> JUL-01-1997
<PERIOD-END> DEC-31-1997
<INVESTMENTS-AT-COST> 119,748,348<F1>
<INVESTMENTS-AT-VALUE> 132,657,687<F1>
<RECEIVABLES> 374,247<F1>
<ASSETS-OTHER> 24,979<F1>
<OTHER-ITEMS-ASSETS> 1,035<F1>
<TOTAL-ASSETS> 133,057,948<F1>
<PAYABLE-FOR-SECURITIES> 5,658,336<F1>
<SENIOR-LONG-TERM-DEBT> 0<F1>
<OTHER-ITEMS-LIABILITIES> 1,934,797<F1>
<TOTAL-LIABILITIES> 7,593,133<F1>
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 48,354,620
<SHARES-COMMON-STOCK> 2,874,478
<SHARES-COMMON-PRIOR> 2,972,290
<ACCUMULATED-NII-CURRENT> (636,602)<F1>
<OVERDISTRIBUTION-NII> 0<F1>
<ACCUMULATED-NET-GAINS> (91,770)<F1>
<OVERDISTRIBUTION-GAINS> 0<F1>
<ACCUM-APPREC-OR-DEPREC> 12,909,339<F1>
<NET-ASSETS> 54,171,003
<DIVIDEND-INCOME> 254,216<F1>
<INTEREST-INCOME> 252,144<F1>
<OTHER-INCOME> 0<F1>
<EXPENSES-NET> (1,119,844)<F1>
<NET-INVESTMENT-INCOME> (613,484)<F1>
<REALIZED-GAINS-CURRENT> 8,019,358<F1>
<APPREC-INCREASE-CURRENT> 5,366,348<F1>
<NET-CHANGE-FROM-OPS> 12,772,222<F1>
<EQUALIZATION> 0<F1>
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> (2,743,807)
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 400,630
<NUMBER-OF-SHARES-REDEEMED> (640,420)
<SHARES-REINVESTED> 141,978
<NET-CHANGE-IN-ASSETS> 1,033,825
<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> 494,177<F1>
<INTEREST-EXPENSE> 0<F1>
<GROSS-EXPENSE> 1,303,219<F1>
<AVERAGE-NET-ASSETS> 59,764,798
<PER-SHARE-NAV-BEGIN> 17.878
<PER-SHARE-NII> (0.054)
<PER-SHARE-GAIN-APPREC> 2.012
<PER-SHARE-DIVIDEND> 0.000
<PER-SHARE-DISTRIBUTIONS> (0.990)
<RETURNS-OF-CAPITAL> 0.000
<PER-SHARE-NAV-END> 18.846
<EXPENSE-RATIO> 1.29
<AVG-DEBT-OUTSTANDING> 0<F1>
<AVG-DEBT-PER-SHARE> 0<F1>
<FN>
<F1>This item relates to the Fund on a composite basis and not on a class basis.
</FN>
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 052
<NAME> GROWTH CLASS B
<MULTIPLIER> 1
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> JUN-30-1998
<PERIOD-START> JUL-01-1997
<PERIOD-END> DEC-31-1997
<INVESTMENTS-AT-COST> 119,748,348<F1>
<INVESTMENTS-AT-VALUE> 132,657,687<F1>
<RECEIVABLES> 374,247<F1>
<ASSETS-OTHER> 24,979<F1>
<OTHER-ITEMS-ASSETS> 1,035<F1>
<TOTAL-ASSETS> 133,057,948<F1>
<PAYABLE-FOR-SECURITIES> 5,658,336<F1>
<SENIOR-LONG-TERM-DEBT> 0<F1>
<OTHER-ITEMS-LIABILITIES> 1,934,797<F1>
<TOTAL-LIABILITIES> 7,593,133<F1>
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 57,436,291
<SHARES-COMMON-STOCK> 3,367,819
<SHARES-COMMON-PRIOR> 3,091,364
<ACCUMULATED-NII-CURRENT> (636,602)<F1>
<OVERDISTRIBUTION-NII> 0<F1>
<ACCUMULATED-NET-GAINS> (91,770)<F1>
<OVERDISTRIBUTION-GAINS> 0<F1>
<ACCUM-APPREC-OR-DEPREC> 12,909,339<F1>
<NET-ASSETS> 62,923,724
<DIVIDEND-INCOME> 254,216<F1>
<INTEREST-INCOME> 252,144<F1>
<OTHER-INCOME> 0<F1>
<EXPENSES-NET> (1,119,844)<F1>
<NET-INVESTMENT-INCOME> (613,484)<F1>
<REALIZED-GAINS-CURRENT> 8,019,358<F1>
<APPREC-INCREASE-CURRENT> 5,366,348<F1>
<NET-CHANGE-FROM-OPS> 12,772,222<F1>
<EQUALIZATION> 0<F1>
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> (3,159,322)
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 301,155
<NUMBER-OF-SHARES-REDEEMED> (191,008)
<SHARES-REINVESTED> 166,308
<NET-CHANGE-IN-ASSETS> 7,909,168
<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> 494,177<F1>
<INTEREST-EXPENSE> 0<F1>
<GROSS-EXPENSE> 1,303,219<F1>
<AVERAGE-NET-ASSETS> 62,331,721
<PER-SHARE-NAV-BEGIN> 17.796
<PER-SHARE-NII> (0.116)
<PER-SHARE-GAIN-APPREC> 1.994
<PER-SHARE-DIVIDEND> 0.000
<PER-SHARE-DISTRIBUTIONS> (0.990)
<RETURNS-OF-CAPITAL> 0.000
<PER-SHARE-NAV-END> 18.684
<EXPENSE-RATIO> 2.04
<AVG-DEBT-OUTSTANDING> 0<F1>
<AVG-DEBT-PER-SHARE> 0<F1>
<FN>
<F1>This item relates to the Fund on a composite basis and not on a class basis.
</FN>
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 053
<NAME> GROWTH CLASS C
<MULTIPLIER> 1
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> JUN-30-1998
<PERIOD-START> JUL-01-1997
<PERIOD-END> DEC-31-1997
<INVESTMENTS-AT-COST> 119,748,348 <F1>
<INVESTMENTS-AT-VALUE> 132,657,687 <F1>
<RECEIVABLES> 374,247 <F1>
<ASSETS-OTHER> 24,979 <F1>
<OTHER-ITEMS-ASSETS> 1,035 <F1>
<TOTAL-ASSETS> 133,057,948 <F1>
<PAYABLE-FOR-SECURITIES> 5,658,336 <F1>
<SENIOR-LONG-TERM-DEBT> 0 <F1>
<OTHER-ITEMS-LIABILITIES> 1,934,797 <F1>
<TOTAL-LIABILITIES> 7,593,133 <F1>
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 7,492,937
<SHARES-COMMON-STOCK> 447,980
<SHARES-COMMON-PRIOR> 464,855
<ACCUMULATED-NII-CURRENT> (636,602)<F1>
<OVERDISTRIBUTION-NII> 0 <F1>
<ACCUMULATED-NET-GAINS> (91,770)<F1>
<OVERDISTRIBUTION-GAINS> 0 <F1>
<ACCUM-APPREC-OR-DEPREC> 12,909,339 <F1>
<NET-ASSETS> 8,370,088
<DIVIDEND-INCOME> 254,216 <F1>
<INTEREST-INCOME> 252,144 <F1>
<OTHER-INCOME> 0 <F1>
<EXPENSES-NET> (1,119,844)<F1>
<NET-INVESTMENT-INCOME> (613,484)<F1>
<REALIZED-GAINS-CURRENT> 8,019,358 <F1>
<APPREC-INCREASE-CURRENT> 5,366,348 <F1>
<NET-CHANGE-FROM-OPS> 12,772,222 <F1>
<EQUALIZATION> 0 <F1>
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> (424,952)
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 42,154
<NUMBER-OF-SHARES-REDEEMED> (76,836)
<SHARES-REINVESTED> 17,807
<NET-CHANGE-IN-ASSETS> 98,694
<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> 494,177 <F1>
<INTEREST-EXPENSE> 0 <F1>
<GROSS-EXPENSE> 1,303,219 <F1>
<AVERAGE-NET-ASSETS> 8,698,779
<PER-SHARE-NAV-BEGIN> 17.793
<PER-SHARE-NII> (0.126)
<PER-SHARE-GAIN-APPREC> 2.007
<PER-SHARE-DIVIDEND> 0.000
<PER-SHARE-DISTRIBUTIONS> (0.990)
<RETURNS-OF-CAPITAL> 0.000
<PER-SHARE-NAV-END> 18.684
<EXPENSE-RATIO> 2.04
<AVG-DEBT-OUTSTANDING> 0 <F1>
<AVG-DEBT-PER-SHARE> 0 <F1>
<FN>
<F1>This item relates to the Fund on a composite basis and not as a
class basis.
</FN>
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 061
<NAME> PROSPECTOR FUND CLASS A
<MULTIPLIER> 1
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> JUN-30-1998
<PERIOD-START> JUL-01-1997
<PERIOD-END> DEC-31-1997
<INVESTMENTS-AT-COST> 1,352,975<F1>
<INVESTMENTS-AT-VALUE> 1,574,296<F1>
<RECEIVABLES> 42,099<F1>
<ASSETS-OTHER> 24,952<F1>
<OTHER-ITEMS-ASSETS> 80,681<F1>
<TOTAL-ASSETS> 1,722,028<F1>
<PAYABLE-FOR-SECURITIES> 6,962<F1>
<SENIOR-LONG-TERM-DEBT> 0<F1>
<OTHER-ITEMS-LIABILITIES> 60,479<F1>
<TOTAL-LIABILITIES> 67,441<F1>
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 1,212,069
<SHARES-COMMON-STOCK> 101,137
<SHARES-COMMON-PRIOR> 91,217
<ACCUMULATED-NII-CURRENT> (18,935)<F1>
<OVERDISTRIBUTION-NII> 0<F1>
<ACCUMULATED-NET-GAINS> 89,355<F1>
<OVERDISTRIBUTION-GAINS> 0<F1>
<ACCUM-APPREC-OR-DEPREC> 221,322<F1>
<NET-ASSETS> 1,447,227
<DIVIDEND-INCOME> 15,327<F1>
<INTEREST-INCOME> 0<F1>
<OTHER-INCOME> 0<F1>
<EXPENSES-NET> (9,787)<F1>
<NET-INVESTMENT-INCOME> 5,540<F1>
<REALIZED-GAINS-CURRENT> 181,466<F1>
<APPREC-INCREASE-CURRENT> 62,532<F1>
<NET-CHANGE-FROM-OPS> 249,538<F1>
<EQUALIZATION> 0<F1>
<DISTRIBUTIONS-OF-INCOME> (21,935)
<DISTRIBUTIONS-OF-GAINS> (116,882)
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 0
<NUMBER-OF-SHARES-REDEEMED> 0
<SHARES-REINVESTED> 9,920
<NET-CHANGE-IN-ASSETS> 218,266
<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> 5,519<F1>
<INTEREST-EXPENSE> 0<F1>
<GROSS-EXPENSE> 49,319<F1>
<AVERAGE-NET-ASSETS> 1,369,705
<PER-SHARE-NAV-BEGIN> 13.473
<PER-SHARE-NII> 0.071
<PER-SHARE-GAIN-APPREC> 2.284
<PER-SHARE-DIVIDEND> (0.240)
<PER-SHARE-DISTRIBUTIONS> (1.279)
<RETURNS-OF-CAPITAL> 0.000
<PER-SHARE-NAV-END> 14.309
<EXPENSE-RATIO> 1.24
<AVG-DEBT-OUTSTANDING> 0<F1>
<AVG-DEBT-PER-SHARE> 0<F1>
<FN>
<F1>This item relates to the Fund on a composite basis and not on a class basis.
</FN>
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 062
<NAME> PROSPECTOR FUND CLASS B
<MULTIPLIER> 1
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> JUN-30-1998
<PERIOD-START> JUL-01-1997
<PERIOD-END> DEC-31-1997
<INVESTMENTS-AT-COST> 1,352,975<F1>
<INVESTMENTS-AT-VALUE> 1,574,296<F1>
<RECEIVABLES> 42,099<F1>
<ASSETS-OTHER> 24,952<F1>
<OTHER-ITEMS-ASSETS> 80,681<F1>
<TOTAL-ASSETS> 1,722,028<F1>
<PAYABLE-FOR-SECURITIES> 6,962<F1>
<SENIOR-LONG-TERM-DEBT> 0<F1>
<OTHER-ITEMS-LIABILITIES> 60,479<F1>
<TOTAL-LIABILITIES> 67,441<F1>
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 75,388
<SHARES-COMMON-STOCK> 7,246
<SHARES-COMMON-PRIOR> 6,535
<ACCUMULATED-NII-CURRENT> (18,935)<F1>
<OVERDISTRIBUTION-NII> 0<F1>
<ACCUMULATED-NET-GAINS> 89,355<F1>
<OVERDISTRIBUTION-GAINS> 0<F1>
<ACCUM-APPREC-OR-DEPREC> 221,322<F1>
<NET-ASSETS> 103,680
<DIVIDEND-INCOME> 15,327<F1>
<INTEREST-INCOME> 0<F1>
<OTHER-INCOME> 0<F1>
<EXPENSES-NET> (9,787)<F1>
<NET-INVESTMENT-INCOME> 5,540<F1>
<REALIZED-GAINS-CURRENT> 181,466<F1>
<APPREC-INCREASE-CURRENT> 62,532<F1>
<NET-CHANGE-FROM-OPS> 249,538<F1>
<EQUALIZATION> 0<F1>
<DISTRIBUTIONS-OF-INCOME> (1,571)
<DISTRIBUTIONS-OF-GAINS> (8,374)
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 0
<NUMBER-OF-SHARES-REDEEMED> 0
<SHARES-REINVESTED> 711
<NET-CHANGE-IN-ASSETS> 15,636
<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> 5,519<F1>
<INTEREST-EXPENSE> 0<F1>
<GROSS-EXPENSE> 49,319<F1>
<AVERAGE-NET-ASSETS> 98,127
<PER-SHARE-NAV-BEGIN> 13.473
<PER-SHARE-NII> 0.071
<PER-SHARE-GAIN-APPREC> 2.284
<PER-SHARE-DIVIDEND> (0.240)
<PER-SHARE-DISTRIBUTIONS> (1.279)
<RETURNS-OF-CAPITAL> 0.000
<PER-SHARE-NAV-END> 14.309
<EXPENSE-RATIO> 1.24
<AVG-DEBT-OUTSTANDING> 0<F1>
<AVG-DEBT-PER-SHARE> 0<F1>
<FN>
<F1>This item relates to the Fund on a composite basis and not on a class basis.
</FN>
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 063
<NAME> PROSPECTOR FUND CLASS C
<MULTIPLIER> 1
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> JUN-30-1998
<PERIOD-START> JUL-01-1997
<PERIOD-END> DEC-31-1997
<INVESTMENTS-AT-COST> 1,352,975<F1>
<INVESTMENTS-AT-VALUE> 1,574,296<F1>
<RECEIVABLES> 42,099<F1>
<ASSETS-OTHER> 24,952<F1>
<OTHER-ITEMS-ASSETS> 80,681<F1>
<TOTAL-ASSETS> 1,722,028<F1>
<PAYABLE-FOR-SECURITIES> 6,962<F1>
<SENIOR-LONG-TERM-DEBT> 0<F1>
<OTHER-ITEMS-LIABILITIES> 60,479<F1>
<TOTAL-LIABILITIES> 67,441<F1>
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 75,388
<SHARES-COMMON-STOCK> 7,246
<SHARES-COMMON-PRIOR> 6,535
<ACCUMULATED-NII-CURRENT> (18,935)<F1>
<OVERDISTRIBUTION-NII> 0<F1>
<ACCUMULATED-NET-GAINS> 89,355<F1>
<OVERDISTRIBUTION-GAINS> 0<F1>
<ACCUM-APPREC-OR-DEPREC> 221,322<F1>
<NET-ASSETS> 103,680
<DIVIDEND-INCOME> 15,327<F1>
<INTEREST-INCOME> 0<F1>
<OTHER-INCOME> 0<F1>
<EXPENSES-NET> (9,787)<F1>
<NET-INVESTMENT-INCOME> 5,540<F1>
<REALIZED-GAINS-CURRENT> 181,466<F1>
<APPREC-INCREASE-CURRENT> 62,532<F1>
<NET-CHANGE-FROM-OPS> 249,538<F1>
<EQUALIZATION> 0<F1>
<DISTRIBUTIONS-OF-INCOME> (1,571)
<DISTRIBUTIONS-OF-GAINS> (8,374)
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 0
<NUMBER-OF-SHARES-REDEEMED> 0
<SHARES-REINVESTED> 711
<NET-CHANGE-IN-ASSETS> 15,636
<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> 5,519<F1>
<INTEREST-EXPENSE> 0<F1>
<GROSS-EXPENSE> 49,319<F1>
<AVERAGE-NET-ASSETS> 98,127
<PER-SHARE-NAV-BEGIN> 13.473
<PER-SHARE-NII> 0.071
<PER-SHARE-GAIN-APPREC> 2.284
<PER-SHARE-DIVIDEND> (0.240)
<PER-SHARE-DISTRIBUTIONS> (1.279)
<RETURNS-OF-CAPITAL> 0.000
<PER-SHARE-NAV-END> 14.309
<EXPENSE-RATIO> 1.24
<AVG-DEBT-OUTSTANDING> 0<F1>
<AVG-DEBT-PER-SHARE> 0<F1>
<FN>
<F1>This item relates to the Fund on a composite basis and not on a class basis.
</FN>
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 081
<NAME> AGGRESSIVE GROWTH CLASS A
<MULTIPLIER> 1
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> JUN-30-1998<F1>
<PERIOD-START> JUL-01-1997<F1>
<PERIOD-END> DEC-31-1997<F1>
<INVESTMENTS-AT-COST> 190,659,686<F1>
<INVESTMENTS-AT-VALUE> 237,252,477<F1>
<RECEIVABLES> 4,169,579<F1>
<ASSETS-OTHER> 71,688<F1>
<OTHER-ITEMS-ASSETS> 876<F1>
<TOTAL-ASSETS> 241,494,620<F1>
<PAYABLE-FOR-SECURITIES> 4,566,639<F1>
<SENIOR-LONG-TERM-DEBT> 0<F1>
<OTHER-ITEMS-LIABILITIES> 1,157,955<F1>
<TOTAL-LIABILITIES> 5,724,594<F1>
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 85,649,766
<SHARES-COMMON-STOCK> 9,066,096
<SHARES-COMMON-PRIOR> 8,440,294
<ACCUMULATED-NII-CURRENT> (1,618,518)<F1>
<OVERDISTRIBUTION-NII> 0<F1>
<ACCUMULATED-NET-GAINS> (6,698,062)<F1>
<OVERDISTRIBUTION-GAINS> 0<F1>
<ACCUM-APPREC-OR-DEPREC> 46,592,791<F1>
<NET-ASSETS> 103,271,485
<DIVIDEND-INCOME> 90,802<F1>
<INTEREST-INCOME> 284,608<F1>
<OTHER-INCOME> 0<F1>
<EXPENSES-NET> (1,959,050)<F1>
<NET-INVESTMENT-INCOME> (1,583,640)<F1>
<REALIZED-GAINS-CURRENT> 20,042,277<F1>
<APPREC-INCREASE-CURRENT> 7,471,415<F1>
<NET-CHANGE-FROM-OPS> 25,930,052<F1>
<EQUALIZATION> 0<F1>
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 5,813,366
<NUMBER-OF-SHARES-REDEEMED> (5,187,564)
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> 19,306,481
<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> 858,021<F1>
<INTEREST-EXPENSE> 0<F1>
<GROSS-EXPENSE> 2,365,230<F1>
<AVERAGE-NET-ASSETS> 100,180,925
<PER-SHARE-NAV-BEGIN> 9.948
<PER-SHARE-NII> (0.055)
<PER-SHARE-GAIN-APPREC> 1.498
<PER-SHARE-DIVIDEND> 0.000
<PER-SHARE-DISTRIBUTIONS> 0.000
<RETURNS-OF-CAPITAL> 0.000
<PER-SHARE-NAV-END> 11.391
<EXPENSE-RATIO> 1.29
<AVG-DEBT-OUTSTANDING> 0<F1>
<AVG-DEBT-PER-SHARE> 0<F1>
<FN>
<F1>This item relates to the Fund on a composite basis and not on a class basis.
</FN>
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 082
<NAME> AGGRESSIVE GROWTH CLASS B
<MULTIPLIER> 1
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> JUN-30-1998<F1>
<PERIOD-START> JUL-01-1997<F1>
<PERIOD-END> DEC-31-1997<F1>
<INVESTMENTS-AT-COST> 190,859,686<F1>
<INVESTMENTS-AT-VALUE> 237,252,477<F1>
<RECEIVABLES> 4,169,579<F1>
<ASSETS-OTHER> 71,688<F1>
<OTHER-ITEMS-ASSETS> 876<F1>
<TOTAL-ASSETS> 241,494,620<F1>
<PAYABLE-FOR-SECURITIES> 4,566,639<F1>
<SENIOR-LONG-TERM-DEBT> 0<F1>
<OTHER-ITEMS-LIABILITIES> 1,157,955<F1>
<TOTAL-LIABILITIES> 5,724,594<F1>
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 100,900,885
<SHARES-COMMON-STOCK> 10,622,816
<SHARES-COMMON-PRIOR> 9,548,967
<ACCUMULATED-NII-CURRENT> (1,618,518)<F1>
<OVERDISTRIBUTION-NII> 0<F1>
<ACCUMULATED-NET-GAINS> (6,698,062)<F1>
<OVERDISTRIBUTION-GAINS> 0<F1>
<ACCUM-APPREC-OR-DEPREC> 46,592,791<F1>
<NET-ASSETS> 119,558,005
<DIVIDEND-INCOME> 90,802<F1>
<INTEREST-INCOME> 284,608<F1>
<OTHER-INCOME> 0<F1>
<EXPENSES-NET> (1,959,050)<F1>
<NET-INVESTMENT-INCOME> (1,583,640)<F1>
<REALIZED-GAINS-CURRENT> 20,042,277<F1>
<APPREC-INCREASE-CURRENT> 7,471,415<F1>
<NET-CHANGE-FROM-OPS> 25,930,052<F1>
<EQUALIZATION> 0<F1>
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 2,145,577
<NUMBER-OF-SHARES-REDEEMED> (1,071,728)
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> 25,333,884
<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> 858,021<F1>
<INTEREST-EXPENSE> 0<F1>
<GROSS-EXPENSE> 2,365,230<F1>
<AVERAGE-NET-ASSETS> 114,275,941
<PER-SHARE-NAV-BEGIN> 9.867
<PER-SHARE-NII> (0.090)
<PER-SHARE-GAIN-APPREC> 1.477
<PER-SHARE-DIVIDEND> 0.000
<PER-SHARE-DISTRIBUTIONS> 0.000
<RETURNS-OF-CAPITAL> 0.000
<PER-SHARE-NAV-END> 11.254
<EXPENSE-RATIO> 2.05
<AVG-DEBT-OUTSTANDING> 0<F1>
<AVG-DEBT-PER-SHARE> 0<F1>
<FN>
<F1>This item relates to the Fund on a composite basis and not on a class basis.
</FN>
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 083
<NAME> AGGRESSIVE GROWTH CLASS C
<MULTIPLIER> 1
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> JUN-30-1998<F1>
<PERIOD-START> JUL-01-1997<F1>
<PERIOD-END> DEC-31-1997<F1>
<INVESTMENTS-AT-COST> 190,659,686<F1>
<INVESTMENTS-AT-VALUE> 237,252,477<F1>
<RECEIVABLES> 4,169,579<F1>
<ASSETS-OTHER> 71,688<F1>
<OTHER-ITEMS-ASSETS> 876<F1>
<TOTAL-ASSETS> 241,494,620<F1>
<PAYABLE-FOR-SECURITIES> 4,566,639<F1>
<SENIOR-LONG-TERM-DEBT> 0<F1>
<OTHER-ITEMS-LIABILITIES> 1,157,955<F1>
<TOTAL-LIABILITIES> 5,724,594<F1>
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 10,943,164
<SHARES-COMMON-STOCK> 1,149,255
<SHARES-COMMON-PRIOR> 1,098,257
<ACCUMULATED-NII-CURRENT> (1,618,518)<F1>
<OVERDISTRIBUTION-NII> 0<F1>
<ACCUMULATED-NET-GAINS> (6,698,062)<F1>
<OVERDISTRIBUTION-GAINS> 0<F1>
<ACCUM-APPREC-OR-DEPREC> 46,592,791<F1>
<NET-ASSETS> 12,940,536
<DIVIDEND-INCOME> 90,802<F1>
<INTEREST-INCOME> 284,608<F1>
<OTHER-INCOME> 0<F1>
<EXPENSES-NET> (1,959,050)<F1>
<NET-INVESTMENT-INCOME> (1,583,640)<F1>
<REALIZED-GAINS-CURRENT> 20,042,277<F1>
<APPREC-INCREASE-CURRENT> 7,471,415<F1>
<NET-CHANGE-FROM-OPS> 25,930,052<F1>
<EQUALIZATION> 0<F1>
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 259,837
<NUMBER-OF-SHARES-REDEEMED> (208,839)
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> 2,101,759
<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> 858,021<F1>
<INTEREST-EXPENSE> 0<F1>
<GROSS-EXPENSE> 2,365,230<F1>
<AVERAGE-NET-ASSETS> 12,802,936
<PER-SHARE-NAV-BEGIN> 9.869
<PER-SHARE-NII> (0.095)
<PER-SHARE-GAIN-APPREC> 1.486
<PER-SHARE-DIVIDEND> 0.000
<PER-SHARE-DISTRIBUTIONS> 0.000
<RETURNS-OF-CAPITAL> 0.000
<PER-SHARE-NAV-END> 11.260
<EXPENSE-RATIO> 2.04
<AVG-DEBT-OUTSTANDING> 0<F1>
<AVG-DEBT-PER-SHARE> 0<F1>
<FN>
<F1>This item relates to the Fund on a composite basis and not on a class basis.
</FN>
</TABLE>
