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<PAGE> PAGE 2
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<PAGE> PAGE 3
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<PAGE> PAGE 4
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<PAGE> PAGE 5
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<PAGE> PAGE 6
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<PAGE> PAGE 7
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<PAGE> PAGE 8
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<PAGE> PAGE 9
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<PAGE> PAGE 10
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<PAGE> PAGE 11
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<PAGE> PAGE 12
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<PAGE> PAGE 13
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<PAGE> PAGE 14
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<PAGE> PAGE 15
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<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
048 D020400 0.000
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048 I020400 0.000
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048 K010400 1000000
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049 000400 N
050 000400 N
051 000400 N
052 000400 N
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062 A000400 N
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062 C000400 0.0
062 D000400 0.0
062 E000400 0.0
062 F000400 0.0
062 G000400 0.0
062 H000400 0.0
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066 A000400 Y
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066 C000400 N
066 D000400 N
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066 F000400 N
066 G000400 N
067 000400 N
068 A000400 N
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069 000400 N
<PAGE> PAGE 22
070 A010400 Y
070 A020400 N
070 B010400 Y
070 B020400 N
070 C010400 Y
070 C020400 N
070 D010400 Y
070 D020400 N
070 E010400 Y
070 E020400 N
070 F010400 Y
070 F020400 N
070 G010400 Y
070 G020400 N
070 H010400 Y
070 H020400 N
070 I010400 Y
070 I020400 N
070 J010400 Y
070 J020400 N
070 K010400 Y
070 K020400 N
070 L010400 Y
070 L020400 N
070 M010400 Y
070 M020400 N
070 N010400 Y
070 N020400 N
070 O010400 Y
070 O020400 N
070 P010400 N
070 P020400 N
070 Q010400 N
070 Q020400 N
070 R010400 N
070 R020400 N
071 A000400 1905
071 B000400 1897
071 C000400 1847
071 D000400 103
072 A000400 9
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<PAGE> PAGE 23
072 L000400 18
072 M000400 14
072 N000400 2
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072 U000400 6
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072 W000400 3
072 X000400 123
072 Y000400 105
072 Z000400 10
072AA000400 180
072BB000400 0
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072CC020400 16
072DD010400 21
072DD020400 2
072EE000400 336
073 A010400 0.2100
073 A020400 0.2100
073 B000400 3.3120
073 C000400 0.0000
074 A000400 78
074 B000400 0
074 C000400 0
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074 F000400 1989
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074 J000400 19
074 K000400 14
074 L000400 4
074 M000400 15
074 N000400 2119
074 O000400 27
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074 U020400 9
<PAGE> PAGE 24
074 V010400 13.91
074 V020400 13.91
074 W000400 0.0000
074 X000400 4
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075 A000400 0
075 B000400 1909
076 000400 0.00
024 000500 Y
025 A000501 MERRILL LYNCH
025 B000501 13-5674085
025 C000501 E
025 D000501 9
025 D000502 0
025 D000503 0
025 D000504 0
025 D000505 0
025 D000506 0
025 D000507 0
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<PAGE> PAGE 25
030 B000500 0.00
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031 A000500 0
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035 000500 0
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039 000500 N
040 000500 Y
041 000500 Y
042 A000500 0
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<PAGE> PAGE 26
050 000500 N
051 000500 N
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062 D000500 0.0
062 E000500 0.0
062 F000500 0.0
062 G000500 0.0
062 H000500 0.0
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066 A000500 Y
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066 D000500 Y
066 E000500 N
066 F000500 N
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067 000500 N
068 A000500 N
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070 A010500 Y
070 A020500 N
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070 C020500 N
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070 D020500 N
070 E010500 Y
070 E020500 N
070 F010500 Y
070 F020500 N
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070 G020500 N
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070 H020500 N
<PAGE> PAGE 27
070 I010500 Y
070 I020500 N
070 J010500 Y
070 J020500 N
070 K010500 Y
070 K020500 N
070 L010500 Y
070 L020500 Y
070 M010500 Y
070 M020500 N
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070 N020500 N
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070 O020500 N
070 P010500 N
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070 Q020500 N
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071 A000500 1049
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<PAGE> PAGE 28
072BB000500 0
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024 000600 N
025 A000601 DELETE
025 D000601 0
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<PAGE> PAGE 29
025 D000607 0
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028 A010600 21858
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028 A040600 16415
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028 B040600 15264
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030 A000600 754
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034 000600 Y
035 000600 327
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041 000600 Y
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<PAGE> PAGE 30
042 E000600 0
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048 H020600 0.000
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050 000600 N
051 000600 N
052 000600 N
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062 B000600 0.0
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<PAGE> PAGE 31
062 M000600 0.0
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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
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069 000600 N
070 A010600 Y
070 A020600 Y
070 B010600 Y
070 B020600 N
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070 C020600 N
070 D010600 Y
070 D020600 N
070 E010600 Y
070 E020600 N
070 F010600 Y
070 F020600 Y
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 N
070 K020600 N
070 L010600 Y
070 L020600 N
070 M010600 Y
070 M020600 N
070 N010600 Y
070 N020600 N
070 O010600 Y
070 O020600 N
070 P010600 N
070 P020600 N
070 Q010600 N
070 Q020600 N
<PAGE> PAGE 32
070 R010600 Y
070 R020600 N
071 A000600 445834
071 B000600 386873
071 C000600 306840
071 D000600 126
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074 B000600 31740
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074 F000600 450711
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<PAGE> PAGE 33
074 I000600 0
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074 M000600 116
074 N000600 514763
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074 R040600 1403
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074 U010600 14154
074 U020600 13841
074 V010600 17.14
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075 B000600 316551
076 000600 0.00
024 000700 N
025 D000701 0
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<PAGE> PAGE 34
028 E020700 0
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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
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048 000700 0.000
048 A010700 500000
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048 C010700 0
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<PAGE> PAGE 35
048 F010700 0
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048 G010700 0
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048 H010700 0
048 H020700 0.000
048 I010700 0
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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
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062 A000700 N
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066 A000700 Y
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066 F000700 N
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<PAGE> PAGE 36
070 B020700 N
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070 K010700 Y
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070 L010700 Y
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071 A000700 1697
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<PAGE> PAGE 37
072 O000700 0
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<PAGE> PAGE 38
074 X000700 6
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076 000700 0.00
SIGNATURE NICK DALMASO
TITLE ATTORNEY
{KPMG logo}
Independent Auditors' Report on Internal Accounting Control
The Board of Directors and Shareholders
Van Kampen Utility Fund:
In planning and performing our audit of the financial statements of the Van
Kampen Utility Fund (the "Fund"), for the nine-month period ended March 31,
1999, we considered its internal control, including control activities 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 internal control.
The management of the Van Kampen Utility Fund is responsible for establishing
and maintaining internal control. In fulfilling this responsibility, estimates
and judgments by management are required to assess the expected benefits and
related costs of controls. Generally, controls that are relevant to an audit
pertain to the entity's objective of preparing financial statements for external
purposes that are fairly presented in conformity with generally accepted
accounting principles. Those controls include the safeguarding of assets against
unauthorized acquisition, use or disposition.
Because of inherent limitations in internal control, error or fraud may occur
and not be detected. Also, projection of any evaluation of internal control 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 internal control would not necessarily disclose all matters
in internal control that might be material 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 one or more of the internal
control components does not reduce to a relatively low level the risk that
misstatements caused by error or fraud 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 internal control and
its operation, including controls for safeguarding securities that we consider
to be material weaknesses as defined above as of March 31, 1999.
This report is intended solely for the information and use of management, the
Board of Directors of Van Kampen Utility Fund, and the Securities and Exchange
commission and is not intended to be and should not be used by anyone other than
these specified parties.
KPMG LLP
May 6, 1999
<PAGE>
{KPMG logo}
Independent Auditors' Report on Internal Accounting Control
The Board of Directors and Shareholders
Van Kampen Great American Companies Fund:
In planning and performing our audit of the financial statements of the Van
Kampen Great American Companies Fund (the "Fund"), for the nine-month period
ended March 31, 1999, we considered its internal control, including control
activities 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
internal control.
The management of the Van Kampen Great American Companies Fund is responsible
for establishing and maintaining internal control. In fulfilling this
responsibility, estimates and judgments by management are required to assess the
expected benefits and related costs of controls. Generally, controls that are
relevant to an audit pertain to the entity's objective of preparing financial
statements for external purposes that are fairly presented in conformity with
generally accepted accounting principles. Those controls include the
safeguarding of assets against unauthorized acquisition, use or disposition.
Because of inherent limitations in internal control, error or fraud may occur
and not be detected. Also, projection of any evaluation of internal control 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 internal control would not necessarily disclose all matters
in internal control that might be material 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 one or more of the internal
control components does not reduce to a relatively low level the risk that
misstatements caused by error or fraud 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 internal control and
its operation, including controls for safeguarding securities that we consider
to be material weaknesses as defined above as of March 31, 1999.
This report is intended solely for the information and use of management, the
Board of Directors of Van Kampen Great American Companies Fund, and the
Securities and Exchange commission and is not intended to be and should not be
used by anyone other than these specified parties.
KPMG LLP
May 10, 1999
<PAGE>
{KPMG logo}
Independent Auditors' Report on Internal Accounting Control
The Board of Directors and Shareholders
Van Kampen Growth Fund:
In planning and performing our audit of the financial statements of the Van
Kampen Growth Fund (the "Fund"), for the nine-month period ended March 31, 1999,
we considered its internal control, including control activities 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 internal control.
The management of the Van Kampen Growth Fund is responsible for establishing and
maintaining internal control. In fulfilling this responsibility, estimates and
judgments by management are required to assess the expected benefits and related
costs of controls. Generally, controls that are relevant to an audit pertain to
the entity's objective of preparing financial statements for external purposes
that are fairly presented in conformity with generally accepted accounting
principles. Those controls include the safeguarding of assets against
unauthorized acquisition, use or disposition.
Because of inherent limitations in internal control, error or fraud may occur
and not be detected. Also, projection of any evaluation of internal control 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 internal control would not necessarily disclose all matters
in internal control that might be material 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 one or more of the internal
control components does not reduce to a relatively low level the risk that
misstatements caused by error or fraud 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 internal control and
its operation, including controls for safeguarding securities that we consider
to be material weaknesses as defined above as of March 31, 1999.
This report is intended solely for the information and use of management, the
Board of Directors of Van Kampen Growth Fund, and the Securities and Exchange
commission and is not intended to be and should not be used by anyone other than
these specified parties.
KPMG LLP
May 5, 1999
<PAGE>
{KPMG logo}
Independent Auditors' Report on Internal Accounting Control
The Board of Directors and Shareholders
Van Kampen Prospector Fund:
In planning and performing our audit of the financial statements of the Van
Kampen Prospector Fund (the "Fund"), for the nine-month period ended March 31,
1999, we considered its internal control, including control activities 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 internal control.
The management of the Van Kampen Prospector Fund is responsible for establishing
and maintaining internal control. In fulfilling this responsibility, estimates
and judgments by management are required to assess the expected benefits and
related costs of controls. Generally, controls that are relevant to an audit
pertain to the entity's objective of preparing financial statements for external
purposes that are fairly presented in conformity with generally accepted
accounting principles. Those controls include the safeguarding of assets against
unauthorized acquisition, use or disposition.
Because of inherent limitations in internal control, error or fraud may occur
and not be detected. Also, projection of any evaluation of internal control 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 internal control would not necessarily disclose all matters
in internal control that might be material 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 one or more of the internal
control components does not reduce to a relatively low level the risk that
misstatements caused by error or fraud 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 internal control and
its operation, including controls for safeguarding securities that we consider
to be material weaknesses as defined above as of March 31, 1999.
This report is intended solely for the information and use of management, the
Board of Directors of Van Kampen Prospector Fund, and the Securities and
Exchange commission and is not intended to be and should not be used by anyone
other than these specified parties.
KPMG LLP
May 10, 1999
<PAGE>
{KPMG logo}
Independent Auditors' Report on Internal Accounting Control
The Board of Directors and Shareholders
Van Kampen Mid Cap Value Fund:
In planning and performing our audit of the financial statements of the Van
Kampen Mid Cap Value Fund (the "Fund"), for the nine-month period ended March
31, 1999, we considered its internal control, including control activities 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 internal control.
The management of the Van Kampen Mid Cap Value Fund is responsible for
establishing and maintaining internal control. In fulfilling this
responsibility, estimates and judgments by management are required to assess the
expected benefits and related costs of controls. Generally, controls that are
relevant to an audit pertain to the entity's objective of preparing financial
statements for external purposes that are fairly presented in conformity with
generally accepted accounting principles. Those controls include the
safeguarding of assets against unauthorized acquisition, use or disposition.
Because of inherent limitations in internal control, error or fraud may occur
and not be detected. Also, projection of any evaluation of internal control 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 internal control would not necessarily disclose all matters
in internal control that might be material 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 one or more of the internal
control components does not reduce to a relatively low level the risk that
misstatements caused by error or fraud 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 internal control and
its operation, including controls for safeguarding securities that we consider
to be material weaknesses as defined above as of March 31, 1999.
This report is intended solely for the information and use of management, the
Board of Directors of Van Kampen Mid Cap Value Fund, and the Securities and
Exchange commission and is not intended to be and should not be used by anyone
other than these specified parties.
KPMG LLP
May 10, 1999
<PAGE>
{KPMG logo}
Independent Auditors' Report on Internal Accounting Control
The Board of Directors and Shareholders
Van Kampen Aggressive Growth Fund:
In planning and performing our audit of the financial statements of the Van
Kampen Aggressive Growth Fund (the "Fund"), for the nine-month period ended
March 31, 1999, we considered its internal control, including control activities
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 internal
control.
The management of the Van Kampen Aggressive Growth Fund is responsible for
establishing and maintaining internal control. In fulfilling this
responsibility, estimates and judgments by management are required to assess the
expected benefits and related costs of controls. Generally, controls that are
relevant to an audit pertain to the entity's objective of preparing financial
statements for external purposes that are fairly presented in conformity with
generally accepted accounting principles. Those controls include the
safeguarding of assets against unauthorized acquisition, use or disposition.
Because of inherent limitations in internal control, error or fraud may occur
and not be detected. Also, projection of any evaluation of internal control 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 internal control would not necessarily disclose all matters
in internal control that might be material 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 one or more of the internal
control components does not reduce to a relatively low level the risk that
misstatements caused by error or fraud 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 internal control and
its operation, including controls for safeguarding securities that we consider
to be material weaknesses as defined above as of March 31, 1999.
This report is intended solely for the information and use of management, the
Board of Directors of Van Kampen Aggressive Growth Fund, and the Securities and
Exchange commission and is not intended to be and should not be used by anyone
other than these specified parties.
KPMG LLP
May 3, 1999
<TABLE>
<CAPTION>
NSAR ITEM 77O
VK Utility Fund
10f-3 Transactions
Underwriting # Underwriting Purchased From Amount of shares % of Date of
Purchased Underwriting Purchase
<S> <C> <C> <C> <C> <C>
1 Independent Energy ADS Donaldson, Lufkin & 150,000 1.875% 07/24/98
Jenrette
Johnson Rice & Co.
Southcoast Capital
2 Northeast Optic Network First Boston 60,000 1.333% 07/30/98
Warburg Dillion Read
</TABLE>
<PAGE>
Other Firms participating in Underwriting:
Underwriting for #1
Donaldson, Lufkin & Jenrette Securities Corporation
Johnson Rice & Company LLC
Southcoast Capital LLC
Bear, Stearns & Co. Inc.
BT Alex. Brown Incorporated
CIBC Oppenheimer Corp.
A.G. Edwards & Sons, Inc.
Howard, Weil, Labouisse, Friedrichs Incorporated
Lehman Brothers Inc.
J.P. Morgan Securities Inc.
Morgan Stanley & co. Incorporated
Prudential Securities Incorporated
Warburg Dillon Read LLC
Schroder & Co. Inc.
Smith Barney Inc.
J.C. Bradford & Co.
Fahnestock & Co. Inc.
Gaines, Berland Inc.
Harris Webb & Garrison, Inc.
Janney Montgomery Scott Inc.
Edward D. Jones & Co., LP
Legg Mason wood Walker, Incorporated
McDonald & Company Securities, Inc
Morgan Keegan & Company, Inc.
Parker/Hunter Incorporated
Pennsylvania Merchant Group
Raymond James & Associates, Inc
Sands Brothers & Co., Ltd.
Underwriting for #2
Credit Suisse First Boston Corporation
Warburg Dillon Read LLC
ABN AMRO Incorporated
<PAGE>
Underwriting for #2 (cont)
CIBC Oppenheimer Corp.
Donaldson, Lufkin & Jenrette Securities Corporation
Everen Securities, Inc.
Goldman, Sachs & Co.
Hambrecht & Quist LLC
Invemed Associates, Inc.
Kaufman Bros., L.P.
Kirkpatrick, Pettis, Smith, Polian Inc.
Merrill Lynch, Pierce, Fenner & Smith Incorporated
Morgan Stanley & Co. Incorporated
NationsBanc Montgomery Securities LLC
Charles Schwab & Co., Inc.
SG Cowen Securities Corporation
Smith Barney Inc.
Webush Morgan Securities
Wheat First Securities, Inc.
<PAGE>
<TABLE>
<CAPTION>
NSAR ITEM 77O
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
2 Fox Entertainment Group Inc. Merrill Lynch 1000 0.000% 11/10/98
Allen & Co.
Goldman Sachs
Raymond James
JP Morgan
Gerard Klauer
</TABLE>
Other Firms participating in Underwriting:
Underwriting for #1
Merrill Lynch, Pierce, Fenner & Smith Incorporated
Deutsche Bank Securities Inc.
Donaldson, Lufkin & Jenrette Securities Corporation
Allen & Company Incorporated
ABN AMRO Incorporated
BT Alex.Brown Incorporated
BancAmerica Robertson Stephens
Bear, Stearns & Co. Inc.
Blaylock & Partners, LP
Chatfield Dean & Company
CIBC Oppenheimer Corp.
Cleary Gull Reiland & McDevitt Inc.
First Analysis Securities Corporation
Fox-Pitt, Kelton Inc.
Furman Selz LLC
Gabelli & Company, Inc.
Goldman, Sachs & Co.
Morgan Stanley & Co. Incorporated
NationsBanc Montgomery Securities LLC
Neuberger & Berman, LLC
<PAGE>
Underwriting for #1
PaineWebber Incorporated
Raymond James & Associates, Inc.
Smith Barney Inc.
Utendahl Capital Partners, LP
Wheat First Securities, Inc.
Underwriting for #2
Merrill Lynch, Pierce, Fenner & Smith Inc
Allen & Company Inc
Goldman, Sachs & Co.
Morgan Stanley & Co. Inc
Bear, Stearns & Co. Inc
Donaldson, Lufkin & Jenrette Securities Corp
JP Morgan Securities Inc
NationsBanc Montgomery Securities LLC
Salomon Smith Barney Inc
ABN AMRO Inc
BT Alex Brown Inc
Credit Lyonnais Securities (USA) Inc
Credit Suisse First Boston Corp
AG Edwards & Sons, Inc
ING Barings Furman Selz LLC
Lazard Freres & Co. LLC
Lehman Brothers Inc
PaineWebber Inc
Prudential Securities Inc
Schroder & Co. Inc
TD Securities (USA) Inc
Warburg Dillion Read LLC
Wasserstein Ferella Securities Inc
Sanford C. Bernstein & Co. Inc
Blaylock & Partners LP
Chatsworth Securities LLC
Crowell, Weedon & Co
Dain Rauscher Inc
Doley Securities, Inc
<PAGE>
Underwriting for #2 (cont)
Gerard Klauer Mattison & Co, Inc
Guzman & Co
Interstate/Johnson Lane Corp
Janney Montgomery Scott Inc
Legg Mason Wood Walker, Inc
May, Davis Group Inc
Neuberger Berman, LLC
Pryor, McClendon, Counts & Co
Raymond James & Associates, Inc
The Robinson-Humphrey Co, LLC
Sands Brothers & Co. Ltd
Tucker Anthony Inc
Utendahl Capital Partners
Wheat First Securities, Inc
<PAGE>
<TABLE>
<CAPTION>
NSAR ITEM 77O
VK Prospector Fund
10f-3 Transactions
Underwriting # Underwriting Purchased From Amount of shares % of Date of
Purchased Underwriting Purchase
<S> <C> <C> <C> <C> <C>
1 Alstom ABN AMRO 600 0.001% 06/22/98
2 Rhodia ADS Bear Stearns 100 0.001% 06/25/98
</TABLE>
<PAGE>
Other Firms participating in Underwriting:
Underwriting for #1
Goldman Sachs International
Societe Generale
Morgan Stanely & Co. International Limited
Banque Nationale de Paris
Credit Agricole Indosuez
HSBC Investment Bank plc
Swiss Bank Corporation
ABN AMRO Rothschild
Banca Commerciale Italiana Spa
Cazenove & Co.
CDC Marches
Credit Lyonnais Securities
Deutsche Bank AG London
Generale Bank
Lehman Brothers International (Europe)
Merrill Lynch International
Underwriting for #2
Swiss Bank Corporation, acting through its division, SBC Warburg Dillon Read
Morgan Stanley & Co. Incorporated
Donaldson, Lufkin & Jenrette Interational
BT Alex. Brown International
Credit Suisse First Boston (Europe) Limited
Goldman Sachs International
Paribas
Credit Agricole Indosuez
Banque Nationale de Paris
Credit Lyonnais
Credit Commercial de France
ABN AMRO Rothschild
Dresdner Kleinwort Benson
Nomura International plc
Societe Generale
<PAGE>
<TABLE>
<CAPTION>
NSAR ITEM 77O
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 United Road Services, Inc. Donaldson, Lufkin & Jenrette 110,000 1.667% 05/01/98
2 Young & Rubicam Inc. Donaldson Lufkin & Jenrette 80,000 0.482% 05/12/98
3 Professional Detailing, Inc. Hambrecht & Quist 8,800 0.314% 05/19/98
4 Capstar Broadcasting Corp. First Boston 26,300 0.085% 05/26/98
5 Broadcast.com Hambrecht & Quist 1,900 0.076% 07/16/98
6 Cyberian Outpost, Inc. Alex Brown 10,100 0.253% 07/31/98
7 Softworks Soundview 180,000 4.286% 08/04/98
Raymond James
8 Ticketmaster Online- Robertson Stephens 15,300 0.219% 12/02/98
CitySearch, Inc Bear Stearns
DLJ
</TABLE>
<PAGE>
Other Firms participating in Underwriting:
Underwriting for #1
Bear, Stearns & Co., Inc.
Furman Selz LLC
Goldman, Sachs & Co.
Smith Barney Inc.
ABN AMRO Incorporated
Allen & Company Incorporated
CIBC Oppenheimer Corp.
Credit Suisse First Boston Corporation
A.G. Edwards & Sons, Inc.
Lehman Brothers Inc.
Merrill Lynch, Pierce, Fenner & Smith Incorporated
J.P. Morgan Securities Inc.
Morgan Stanley & Co., Incorporated
NationsBanc Montgomery Securities LLC
PaineWebber Incorporated
Prudential Securities Incorporated
SBC Warburg Dillon Read Inc.
Sands Brothers & Co., Ltd.
Advest, Inc.
Robert W. Baird & Co. Incorporated
George K. Baum & Company
William Blair & Company, LLC
J.C. Bradford & Co.
Burnham Securities Inc.
Chatsworth Securities, LLC
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
<PAGE>
Underwriting for #1 (cont)
Edward D. Jones & Co., LP
C.L. King & Associates, Inc.
Ladenburg Thalmann & Co., Inc.
Needham & Company, Inc.
Ormes Capital Markets, Inc.
Parker/Hunter Incorporated
Pennsylvania Merchant Group
Roney & Co. LLC
Ryan, Beck & Co.
Sanders Morris Mundy
Stifel, Nicolaus & Company, Incorporated
Sutro & Co. Incorporated
Tucker anthony Incorporated
C.E. Unterberg, Towbin
Underwriting for #2
Morgan Stanley & Co. Incorporated
William Blair & Company LLC
Cowen & Company
Credit Suisse First Boston Corporation
Dominick & Dominick, Incorporated
A.G. Edwards & Sons, Inc.
Interstate/Johnson Lane Corporation
Janney Montgomery Scott Inc.
Edward D. Jones & Co., L.P.
Morgan Keegan & Company, Inc.
Pennsylvania Merchant Group LTD
Piper Jaffray Inc.
Redwine & Company, Inc.
Smith Barney Inc.
C.E. Unterberg, Towbin
Vector Securities International, Inc.
<PAGE>
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
Credit Suisse First Boston Corporation
BT Alex. Brown Incorporated
Morgan Stanley & Co. Incorporated
Bear, Stearns & Co. Inc.
Goldman, Sachs & Co.
NationsBanc Montgomery Securities LLC
Smith Barney Inc.
Underwriting for #5
Morgan Stanley & Co. Incorporated
Donaldson, Lufkin & Jenrette Securities Corporation
Hambrecht & Quist LLC
BancAmerica Robertson Stephens
Dain Rauscher Wessels
A.G. Edwards & Sons, Inc.
Goldman, Sachs & Co.
Hoak Breedlove Wesneski & Co.
ING Baring Furman Selz LLC
Jefferies & Company, Inc.
Edward D. Jones & Co., L.P.
Morgan Keegan & Company,Inc.
Paine Webber Incorporated
Brad Peery Inc.
Ragen MacKenzie Incorporated
<PAGE>
Underwriting for #5 (cont)
Sanders Morris Mundy Inc.
C.E. Unterberg, Towbin
Wedbush Morgan Securities
Underwriting for #6
BT Alex. Brown Incorporated
NationsBanc Montgomery Securities LLC
Dain Rauscher Wessels
BancAmerica Robertson Stephens
Bear, Stearns & Co. Inc.
Credit Suisse First Boston Corporation
Donaldson, Lufkin & Jenrette Securities Corporation
Hambrecht & Quist LLC
Morgan Stanley & Co. Incorporated
PaineWebber Incorporated
Adams, Harkness & Hill, Inc.
Advest, Inc.
Gerard Klauer Mattison & Co., Inc.
Legg Mason Wood Walker, Incorporated
Pennsylvania Merchant Group
Soundview Financial Group, Inc.
C.E. Unterberg, Towbin
Van Kasper & Company
Wheat First Union
Wit Capital Corporation
Underwriting for #7
SoundView Financial Group, Inc.
Raymond James & Associates, Inc.
BancAmerica Robertson Stephens
Bear, Stearns & Co. Inc.
BT Alex. Brown Incorporated
CIBC Oppenheimer Corp.
Credit Suisse First Boston Corporation
Deutsche Bank Securities Inc.
Donaldson, Lufkin & Jenrette Securities Corporation
<PAGE>
Underwriting for #7
Hambrecht & Quist LLC
ING Baring Furman Selz LLC
Lehman Brothers Inc.
Morgan Stanley & Co. Incorporated
NationsBanc Montgomery Securities LLC
PaineWebber Incorporated
Prudential Securities Incorporated
SG Cowen Securities Corporation
Smith Barney Inc.
Dain Rauscher Wessels
First Albany Corporation
Friedman, Billings, Ramsey & Co., Inc.
Hanifen, Imhoff Inc.
Needham & Company, Inc.
Preferred Capital Markets, Inc.
C.E. Unterberg, Towbin
Wheat First Securities, Inc.
Underwriting for #8
NationsBanc Montgomery Securities LLC
Allen & Company Inc
BancBoston Robertson Stephens
Bear, Stearns & Co., Inc.
Donaldson, Lufkin & Jenrette Securities Corp.
BT Alex. Brown Inc
CIBC Oppenheimer Corp
SG Cowen Securities Corp
ING Baring Furman Selz LLC
Goldman, Sachs & Co.
Hambrecht & Quist LLC
Lazard Freres & Co
Morgan Stanley & Co. Inc
Salomon Smith Barney Inc
Wasserstein Perella Securities Inc
Cruttenden Roth Inc
Dain Rauscher Wessels
Jefferies & Company
John G. Kinnard & Company, Inc
<PAGE>
Underwriting for #8 (cont)
Volpe Brown Whelan & Company LLC
H.C. Wainwright & Co. Inc
Wit Capital Corporation
<PAGE>
<TABLE>
<CAPTION>
NSAR ITEM 77O
VK Mid Cap Value Fund
10f-3 Transactions
Underwriting # Underwriting Purchased From Amount of shares % of Date of
Purchased Underwriting Purchase
<S> <C> <C> <C> <C> <C>
1 Capstar Broadcasting Corp. Salomon Smith Barney 300 0.001% 05/26/98
2 Rhodia ADS Bear Stearns 100 0.001% 06/25/98
3 The Mony Group Inc Goldman Sachs 3000 0.027% 11/10/98
DLJ
Salomon Smith Barney
4 Computer Literacy, Inc. NB Montgomery 300 0.010% 11/19/98
Piper Jaffray
Needham & Co
</TABLE>
Other Firms participating in Underwriting:
Underwriting for # 1
BT Alex. Brown Incorporated
Morgan Stanley & Co. Incorporated
Bear, Stearns & Co. Inc.
Goldman, Sachs & Co.
NationsBanc Montgomery Securities LLC
Smith Barney Inc.
Underwriting for #2
Swiss Bank Corporation, acting through its division, SBC Warburg Dillon Read
Morgan Stanley & Co. Incorporated
Donaldson, Lufkin & Jenrette Interational
BT Alex. Brown International
Credit Suisse First Boston (Europe) Limited
Goldman Sachs International
Paribas
<PAGE>
Underwriting for #2 (cont)
Credit Agricole Indosuez
Banque Nationale de Paris
Credit Lyonnais
Credit Commercial de France
ABN AMRO Rothschild
Dresdner Kleinwort Benson
Nomura International plc
Societe Generale
Underwriting for #3
Goldman, Sachs & Co
Donaldson, Lufkin & Jenrette Securities Corp
Morgan Stanley & Co. Inc
Salomon Smith Barney Inc
Allen & Company Inc
Robert W. Baird & Co. Inc
CIBC Oppenheimer Corp
Chasworth Securities LLc
Conning & Company
Doley Securities, Inc
AG Edwards & Sons, Inc
Fox-Pitt Kelton Inc
Edward D. Jones & Co., LP
Legg Mason Wood Walker, Inc
Schroder & Co.Inc.
Stephens Inc
Underwriting for #4
NationsBanc Montgomery Securities LLC
Piper Jaffray Inc
Needham & Company, Inc
BancBoston Robertson Stephens Inc
BT Alex. Brown Inc
Hambrecht & Quist LLC
Morgan Stanley & Co. Inc
<PAGE>
Underwriting for #4(cont)
Adams, Harkness & Hill, Inc
Cruttenden Roth Inc
Dain Rauscher Wessels
John G. Kinnard & Co, Inc
CE Unterber, Towbin
Volp[e Brown Whelan & Company, LLC
H. C. Wainwright & Co., Inc.
<PAGE>
<TABLE>
<CAPTION>
NSAR ITEM 77O
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 United Road Services, Inc. Donaldson, Lufkin & Jenrette 110,000 1.667% 05/01/98
2 Young & Rubicam Inc. Donaldson Lufkin & Jenrette 80,000 0.482% 05/12/98
3 Professional Detailing, Inc. Hambrecht & Quist 8,800 0.314% 05/19/98
4 Capstar Broadcasting Corp. First Boston 26,300 0.085% 05/26/98
5 Broadcast.com Hambrecht & Quist 1,900 0.076% 07/16/98
6 Cyberian Outpost, Inc. Alex Brown 10,100 0.253% 07/31/98
7 Softworks Soundview 180,000 4.286% 08/04/98
Raymond James
8 Ticketmaster Online- Robertson Stephens 15,300 0.219% 12/02/98
CitySearch, Inc Bear Stearns
DLJ
</TABLE>
<PAGE>
Other Firms participating in Underwriting:
Underwriting for #1
Bear, Stearns & Co., Inc.
Furman Selz LLC
Goldman, Sachs & Co.
Smith Barney Inc.
ABN AMRO Incorporated
Allen & Company Incorporated
CIBC Oppenheimer Corp.
Credit Suisse First Boston Corporation
A.G. Edwards & Sons, Inc.
Lehman Brothers Inc.
Merrill Lynch, Pierce, Fenner & Smith Incorporated
J.P. Morgan Securities Inc.
Morgan Stanley & Co., Incorporated
NationsBanc Montgomery Securities LLC
PaineWebber Incorporated
Prudential Securities Incorporated
SBC Warburg Dillon Read Inc.
Sands Brothers & Co., Ltd.
Advest, Inc.
Robert W. Baird & Co. Incorporated
George K. Baum & Company
William Blair & Company, LLC
J.C. Bradford & Co.
Burnham Securities Inc.
Chatsworth Securities, LLC
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
<PAGE>
Underwriting for #1 (cont)
Edward D. Jones & Co., LP
C.L. King & Associates, Inc.
Ladenburg Thalmann & Co., Inc.
Needham & Company, Inc.
Ormes Capital Markets, Inc.
Parker/Hunter Incorporated
Pennsylvania Merchant Group
Roney & Co. LLC
Ryan, Beck & Co.
Sanders Morris Mundy
Stifel, Nicolaus & Company, Incorporated
Sutro & Co. Incorporated
Tucker anthony Incorporated
C.E. Unterberg, Towbin
Underwriting for #2
Morgan Stanley & Co. Incorporated
William Blair & Company LLC
Cowen & Company
Credit Suisse First Boston Corporation
Dominick & Dominick, Incorporated
A.G. Edwards & Sons, Inc.
Interstate/Johnson Lane Corporation
Janney Montgomery Scott Inc.
Edward D. Jones & Co., L.P.
Morgan Keegan & Company, Inc.
Pennsylvania Merchant Group LTD
Piper Jaffray Inc.
Redwine & Company, Inc.
Smith Barney Inc.
C.E. Unterberg, Towbin
Vector Securities International, Inc.
<PAGE>
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
Credit Suisse First Boston Corporation
BT Alex. Brown Incorporated
Morgan Stanley & Co. Incorporated
Bear, Stearns & Co. Inc.
Goldman, Sachs & Co.
NationsBanc Montgomery Securities LLC
Smith Barney Inc.
Underwriting for #5
Morgan Stanley & Co. Incorporated
Donaldson, Lufkin & Jenrette Securities Corporation
Hambrecht & Quist LLC
BancAmerica Robertson Stephens
Dain Rauscher Wessels
A.G. Edwards & Sons, Inc.
Goldman, Sachs & Co.
Hoak Breedlove Wesneski & Co.
ING Baring Furman Selz LLC
Jefferies & Company, Inc.
Edward D. Jones & Co., L.P.
Morgan Keegan & Company,Inc.
Paine Webber Incorporated
Brad Peery Inc.
Ragen MacKenzie Incorporated
Underwriting for #5 (cont)
Sanders Morris Mundy Inc.
C.E. Unterberg, Towbin
Wedbush Morgan Securities
Underwriting for #6
BT Alex. Brown Incorporated
NationsBanc Montgomery Securities LLC
Dain Rauscher Wessels
BancAmerica Robertson Stephens
Bear, Stearns & Co. Inc.
Credit Suisse First Boston Corporation
Donaldson, Lufkin & Jenrette Securities Corporation
Hambrecht & Quist LLC
Morgan Stanley & Co. Incorporated
PaineWebber Incorporated
Adams, Harkness & Hill, Inc.
Advest, Inc.
Gerard Klauer Mattison & Co., Inc.
Legg Mason Wood Walker, Incorporated
Pennsylvania Merchant Group
Soundview Financial Group, Inc.
C.E. Unterberg, Towbin
Van Kasper & Company
Wheat First Union
Wit Capital Corporation
Underwriting for #7
SoundView Financial Group, Inc.
Raymond James & Associates, Inc.
BancAmerica Robertson Stephens
Bear, Stearns & Co. Inc.
BT Alex. Brown Incorporated
CIBC Oppenheimer Corp.
Credit Suisse First Boston Corporation
Deutsche Bank Securities Inc.
Donaldson, Lufkin & Jenrette Securities Corporation
<PAGE>
Underwriting for #7
Hambrecht & Quist LLC
ING Baring Furman Selz LLC
Lehman Brothers Inc.
Morgan Stanley & Co. Incorporated
NationsBanc Montgomery Securities LLC
PaineWebber Incorporated
Prudential Securities Incorporated
SG Cowen Securities Corporation
Smith Barney Inc.
Dain Rauscher Wessels
First Albany Corporation
Friedman, Billings, Ramsey & Co., Inc.
Hanifen, Imhoff Inc.
Needham & Company, Inc.
Preferred Capital Markets, Inc.
C.E. Unterberg, Towbin
Wheat First Securities, Inc.
Underwriting for #8
NationsBanc Montgomery Securities LLC
Allen & Company Inc
BancBoston Robertson Stephens
Bear, Stearns & Co., Inc.
Donaldson, Lufkin & Jenrette Securities Corp.
BT Alex. Brown Inc
CIBC Oppenheimer Corp
SG Cowen Securities Corp
ING Baring Furman Selz LLC
Goldman, Sachs & Co.
Hambrecht & Quist LLC
Lazard Freres & Co
Morgan Stanley & Co. Inc
Salomon Smith Barney Inc
Wasserstein Perella Securities Inc
Cruttenden Roth Inc
Dain Rauscher Wessels
Jefferies & Company
John G. Kinnard & Company, Inc
Underwriting for #8 (cont)
Volpe Brown Whelan & Company LLC
H.C. Wainwright & Co. Inc
Wit Capital Corporation
<PAGE>
<TABLE>
<CAPTION>
NSAR ITEM 77O
VKAC Aggressive 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 HA-LO Industries, Inc. First Boston 20,000 0.364% 05/13/98
2 Professional Detailing, Inc. William Blair 16,200 0.579% 05/19/98
3 Cal Dive International, Inc. Raymond James 25,000 1.003% 05/21/98
4 National Equipment Services, Inc. Salomon Smith 75,000 1.071% 07/14/98
Barney
William Blair
5 Broadcast.com Donaldson, Lufkin & 3,600 0.144% 07/16/98
Jenrette
6 Cyberian Outpost, Inc. Montgomery 19,900 0.498% 07/31/98
Securities
Dain Rauscher
7 Computer Literacy, Inc. NB Montgomery 59,700 1.990% 11/19/98
8 E-TEK Dynamics Inc. Goldman Sachs 35,000 0.700% 12/01/98
Dain Rauscher Wessels
NB Montgomery
9 Ticketmaster Online- NB Montgomery 34,700 0.496% 12/02/98
CitySearch, Inc. Allen & Co.
10 CSK Auto Corp. DLJ 50,000 0.714% 12/08/98
Merrill Lynch
Furman Selz
Lehman Bros.
Salomon Smith Barney
</TABLE>
<PAGE>
Other Firms participating in Underwriting:
Underwriting for #1
Morgan Stanley & Co. Incorporated
Simmons & Company International
Gaines, Berland Inc.
Jefferies & Company, Inc.
Sanders Morris Mundy Inc.
Van Kasper & Company
Underwriting for #2
Morgan Stanley & Co. Incorporated
William Blair & Company, LLC
Hambrecht & Quist LLC
Cowen & Company
Credit Suisse First Boston Corporation
Dominick & Dominick, Incorporated
A.G. Edwards & Sons, Inc.
Interstate/Johnson Lane Corporation
Janney Montgomery Scott Inc.
Edward D. Jones & Co., LP
Morgan Keegan & Company, Inc.
Pennsylvania Merchant Group LTD
Piper Jaffray Inc.
Redwine & Company, Inc.
Smith Barney Inc.
C.E. Unterberg, Towbin
Vector Securities International, Inc.
<PAGE>
Underwriting for #3
Morgan Stanley & Co. Incorporated
Raymond James & Associates, Inc.
Simmons & Company International
Gaines, Berland Inc.
Jefferies & Company, Inc.
Sanders Morris Mundy Inc.
Van Kasper & Company
Underwriting for #4
Smith Barney Inc.
William Blair & Company, LLC
Credit Suisse First Boston Corporation
Donaldson, Lufkin & Jenrette Securities Corporation
NationsBanc Montgomery Securities LLC
ABN AMRO Incorporated
BancAmerica Robertson Stephens
BT Alex. Brown Incorporated
CIBC Oppenheimer Corp.
Goldman, Sachs & Co.
Lehman Brothers Inc
Merrill Lynch, Pierce, Fenner & smith Incorporated
Morgan Stanley & Co. Incorporated
George K. Baum & company
Janney Montgomery Scott Inc.
C.L. King & Associates
Legg Mason Wood Walker, Incorporated
McDonald & Company Securities, Inc.
Wheat First Union
<PAGE>
Underwriting for #5
Morgan Stanley & Co. Incorporated
Donaldson, Lufkin & Jenrette Securities Corporation
Hambrecht & Quist LLC
BancAmerica Robertson Stephens
Dain Rauscher Wessels
A.G. Edwards & Sons, Inc.
Goldman, Sachs & Co.
Hoak Breedlove Wesneski & Co.
ING Baring Furman Selz LLC
Jefferies & Company, Inc.
Edward D. Jones & Co., LP
Morgan Keegan & Company, Inc.
PaineWebber Incorporated
Brad Peery Inc.
Ragen MacKenzie Incorporated
Sanders Morris Mundy Inc.
C.E. Unterberg, Towbin
Wedbush Morgan Securities
Underwriting for #6
BT Alex. Brown Incorporated
NationsBanc Montgomery Securities LLC
Dain Rauscher Wessels
BancAmerica Robertson Stephens
Bear, Stearns & Co. Inc.
Credit Suisse First Boston Corporation
Donaldson, Lufkin & Jenrette Securities Corporation
Hambrecht & Quist LLC
Morgan Stanley & Co. Incorporated
PaineWebber Incorporated
Adams, Harkness & Hill, Inc.
Advest, Inc.
Gerard Klauer Mattison & Co., Inc.
Legg Mason Wood Wlaker, Incorporated
Pennsylvania Merchant Group
<PAGE>
Underwriting for #6 (cont)
Soundview Financial Group, Inc
C.E. Unterberg, Towbin
Van Kasper & Company
Wheat First Union
Wit Capital Corporation
Underwriting for #7
NationsBanc Montgomery Securities LLC
Piper Jaffray Inc.
Needham & Company, Inc
BancBoston Robertson Stephens Inc.
BT Alex. Brown Incorporated
Hambrecht & Quist LLC
Morgan Stanley & Co. Incorporated
Adams, Harkness & Hill, Inc.
Cruttenden Roth Incorporated
Dain Rauscher Wessels
John G. Kinnard & Company, Incorporated
C.E. Unterberg, Towbin
Volpe Brown Whelan & Company, LLC
H.C. Wainwright & Co., Inc.
Underwriting for #8
Goldman, Sachs & Co.
Morgan Stanley & Co. Incorporated
Dain Rauscher Wessels
NationsBanc Montgomery Securities LLC
Advest, Inc.
BT Alex. Brown Incorporated
CIBC Oppenheimer Corp.
Hambrecht & Quist, LLC
HSBC Securities, Inc.
Edward D. Jones & Co., LP
Lehman Brothers Inc.
<PAGE>
Underwriting for #8
Salomon Smith Barney Inc
Warburg Dillion Read LLC
Underwriting for #9
NationsBanc Montgomery Securities LLC
Allen & Company Incorporated
BancBoston Robertson Stephens
Bear, Stearns & Co. Inc.
Donaldson, Lufkin & Jenrette Securities Corporation
BT Alex. Brown Incorporated
CIBC Oppenheimer Corp.
SG Cowen Securities Corporation
ING Baring Furman Selz LLC
Goldman, Sachs & Co.
Hambrecht & Quist LLC
Lazard Freres & Co. LLC
Morgan Stanley & Co. Incorporated
Salomon Smith Barney Inc.
Wasserstein Perella Securities Inc.
Cruttenden Roth Incorporated
Dain Rauscher Wessels
Jefferies & Company
John G. Kinnard & Company, Inc
Volpe Brown Whelan & Company, LLC
HC Wainwright & Co. Inc
Wit Capital Corporation
Underwriting for #10
Donaldson, Lufkin & Jenrette Securities Corporation
Merrill Lynch, Pierce, Fenner & Smith Inc.
ING Baring Furman Selz LLC
Lehman Brothers Inc
Morgan Stanley & Co. Inc
Salomon Smith Barney Inc.
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<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> UTILITY A
<MULTIPLIER> 1
<S> <C>
<PERIOD-TYPE> 9-MOS
<FISCAL-YEAR-END> MAR-31-1999
<PERIOD-START> JUL-01-1998
<PERIOD-END> MAR-31-1999
<INVESTMENTS-AT-COST> 118,282,468 <F1>
<INVESTMENTS-AT-VALUE> 153,524,242 <F1>
<RECEIVABLES> 1,014,269 <F1>
<ASSETS-OTHER> 0 <F1>
<OTHER-ITEMS-ASSETS> 1,116 <F1>
<TOTAL-ASSETS> 154,539,627 <F1>
<PAYABLE-FOR-SECURITIES> 746,755 <F1>
<SENIOR-LONG-TERM-DEBT> 0 <F1>
<OTHER-ITEMS-LIABILITIES> 681,743 <F1>
<TOTAL-LIABILITIES> 1,428,498 <F1>
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 48,192,293
<SHARES-COMMON-STOCK> 3,554,036
<SHARES-COMMON-PRIOR> 3,421,515
<ACCUMULATED-NII-CURRENT> 18,180 <F1>
<OVERDISTRIBUTION-NII> 0 <F1>
<ACCUMULATED-NET-GAINS> 2,060,599 <F1>
<OVERDISTRIBUTION-GAINS> 0 <F1>
<ACCUM-APPREC-OR-DEPREC> 35,241,774 <F1>
<NET-ASSETS> 62,071,730
<DIVIDEND-INCOME> 3,340,479 <F1>
<INTEREST-INCOME> 789,039 <F1>
<OTHER-INCOME> 0 <F1>
<EXPENSES-NET> (1,983,287)<F1>
<NET-INVESTMENT-INCOME> 2,146,231 <F1>
<REALIZED-GAINS-CURRENT> 3,971,978 <F1>
<APPREC-INCREASE-CURRENT> (4,004,125)<F1>
<NET-CHANGE-FROM-OPS> 2,114,084 <F1>
<EQUALIZATION> 0 <F1>
<DISTRIBUTIONS-OF-INCOME> (1,031,678)
<DISTRIBUTIONS-OF-GAINS> (740,901)
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 544,379
<NUMBER-OF-SHARES-REDEEMED> (496,899)
<SHARES-REINVESTED> 85,041
<NET-CHANGE-IN-ASSETS> 1,657,638
<ACCUMULATED-NII-PRIOR> (57,582)<F1>
<ACCUMULATED-GAINS-PRIOR> (48,816)<F1>
<OVERDISTRIB-NII-PRIOR> 0 <F1>
<OVERDIST-NET-GAINS-PRIOR> 0 <F1>
<GROSS-ADVISORY-FEES> 761,143 <F1>
<INTEREST-EXPENSE> 0 <F1>
<GROSS-EXPENSE> 1,983,287 <F1>
<AVERAGE-NET-ASSETS> 62,195,365
<PER-SHARE-NAV-BEGIN> 17.657
<PER-SHARE-NII> 0.310
<PER-SHARE-GAIN-APPREC> 0.013
<PER-SHARE-DIVIDEND> (0.300)
<PER-SHARE-DISTRIBUTIONS> (0.215)
<RETURNS-OF-CAPITAL> 0.000
<PER-SHARE-NAV-END> 17.465
<EXPENSE-RATIO> 1.24
[AVG-DEBT-OUTSTANDING] 0 <F1>
[AVG-DEBT-PER-SHARE] 0 <F1>
</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<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> UTILITY B
<MULTIPLIER> 1
<S> <C>
<PERIOD-TYPE> 9-MOS
<FISCAL-YEAR-END> MAR-31-1999
<PERIOD-START> JUL-01-1998
<PERIOD-END> MAR-31-1999
<INVESTMENTS-AT-COST> 118,282,468 <F1>
<INVESTMENTS-AT-VALUE> 153,524,242 <F1>
<RECEIVABLES> 1,014,269 <F1>
<ASSETS-OTHER> 0 <F1>
<OTHER-ITEMS-ASSETS> 1,116 <F1>
<TOTAL-ASSETS> 154,539,627 <F1>
<PAYABLE-FOR-SECURITIES> 746,755 <F1>
<SENIOR-LONG-TERM-DEBT> 0 <F1>
<OTHER-ITEMS-LIABILITIES> 681,743 <F1>
<TOTAL-LIABILITIES> 1,428,498 <F1>
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 61,954,096
<SHARES-COMMON-STOCK> 4,821,994
<SHARES-COMMON-PRIOR> 4,921,099
<ACCUMULATED-NII-CURRENT> 18,180 <F1>
<OVERDISTRIBUTION-NII> 0 <F1>
<ACCUMULATED-NET-GAINS> 2,060,599 <F1>
<OVERDISTRIBUTION-GAINS> 0 <F1>
<ACCUM-APPREC-OR-DEPREC> 35,241,774 <F1>
<NET-ASSETS> 84,082,737
<DIVIDEND-INCOME> 3,340,479 <F1>
<INTEREST-INCOME> 789,039 <F1>
<OTHER-INCOME> 0 <F1>
<EXPENSES-NET> (1,983,287)<F1>
<NET-INVESTMENT-INCOME> 2,146,231 <F1>
<REALIZED-GAINS-CURRENT> 3,971,978 <F1>
<APPREC-INCREASE-CURRENT> (4,004,125)<F1>
<NET-CHANGE-FROM-OPS> 2,114,084 <F1>
<EQUALIZATION> 0 <F1>
<DISTRIBUTIONS-OF-INCOME> (970,381)
<DISTRIBUTIONS-OF-GAINS> (1,048,593)
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 673,415
<NUMBER-OF-SHARES-REDEEMED> (867,572)
<SHARES-REINVESTED> 95,052
<NET-CHANGE-IN-ASSETS> (2,687,502)
<ACCUMULATED-NII-PRIOR> (57,582)<F1>
<ACCUMULATED-GAINS-PRIOR> (48,816)<F1>
<OVERDISTRIB-NII-PRIOR> 0 <F1>
<OVERDIST-NET-GAINS-PRIOR> 0 <F1>
<GROSS-ADVISORY-FEES> 761,143 <F1>
<INTEREST-EXPENSE> 0 <F1>
<GROSS-EXPENSE> 1,983,287 <F1>
<AVERAGE-NET-ASSETS> 87,601,359
<PER-SHARE-NAV-BEGIN> 17.632
<PER-SHARE-NII> 0.208
<PER-SHARE-GAIN-APPREC> 0.012
<PER-SHARE-DIVIDEND> (0.200)
<PER-SHARE-DISTRIBUTIONS> (0.215)
<RETURNS-OF-CAPITAL> 0.000
<PER-SHARE-NAV-END> 17.437
<EXPENSE-RATIO> 1.99
[AVG-DEBT-OUTSTANDING] 0 <F1>
[AVG-DEBT-PER-SHARE] 0 <F1>
</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<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> UTILITY C
<MULTIPLIER> 1
<S> <C>
<PERIOD-TYPE> 9-MOS
<FISCAL-YEAR-END> MAR-31-1999
<PERIOD-START> JUL-01-1998
<PERIOD-END> MAR-31-1999
<INVESTMENTS-AT-COST> 118,282,468 <F1>
<INVESTMENTS-AT-VALUE> 153,524,242 <F1>
<RECEIVABLES> 1,014,269 <F1>
<ASSETS-OTHER> 0 <F1>
<OTHER-ITEMS-ASSETS> 1,116 <F1>
<TOTAL-ASSETS> 154,539,627 <F1>
<PAYABLE-FOR-SECURITIES> 746,755 <F1>
<SENIOR-LONG-TERM-DEBT> 0 <F1>
<OTHER-ITEMS-LIABILITIES> 681,743 <F1>
<TOTAL-LIABILITIES> 1,428,498 <F1>
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 5,644,187
<SHARES-COMMON-STOCK> 399,217
<SHARES-COMMON-PRIOR> 332,912
<ACCUMULATED-NII-CURRENT> 18,180 <F1>
<OVERDISTRIBUTION-NII> 0 <F1>
<ACCUMULATED-NET-GAINS> 2,060,599 <F1>
<OVERDISTRIBUTION-GAINS> 0 <F1>
<ACCUM-APPREC-OR-DEPREC> 35,241,774 <F1>
<NET-ASSETS> 6,956,662
<DIVIDEND-INCOME> 3,340,479 <F1>
<INTEREST-INCOME> 789,039 <F1>
<OTHER-INCOME> 0 <F1>
<EXPENSES-NET> (1,983,287)<F1>
<NET-INVESTMENT-INCOME> 2,146,231 <F1>
<REALIZED-GAINS-CURRENT> 3,971,978 <F1>
<APPREC-INCREASE-CURRENT> (4,004,125)<F1>
<NET-CHANGE-FROM-OPS> 2,114,084 <F1>
<EQUALIZATION> 0 <F1>
<DISTRIBUTIONS-OF-INCOME> (68,410)
<DISTRIBUTIONS-OF-GAINS> (73,069)
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 174,359
<NUMBER-OF-SHARES-REDEEMED> (113,012)
<SHARES-REINVESTED> 4,958
<NET-CHANGE-IN-ASSETS> (1,091,048)
<ACCUMULATED-NII-PRIOR> (57,582)<F1>
<ACCUMULATED-GAINS-PRIOR> (48,816)<F1>
<OVERDISTRIB-NII-PRIOR> 0 <F1>
<OVERDIST-NET-GAINS-PRIOR> 0 <F1>
<GROSS-ADVISORY-FEES> 761,143 <F1>
<INTEREST-EXPENSE> 0 <F1>
<GROSS-EXPENSE> 1,983,287 <F1>
<AVERAGE-NET-ASSETS> 6,241,842
<PER-SHARE-NAV-BEGIN> 17.619
<PER-SHARE-NII> 0.209
<PER-SHARE-GAIN-APPREC> 0.013
<PER-SHARE-DIVIDEND> (0.200)
<PER-SHARE-DISTRIBUTIONS> (0.215)
<RETURNS-OF-CAPITAL> 0.000
<PER-SHARE-NAV-END> 17.426
<EXPENSE-RATIO> 1.99
[AVG-DEBT-OUTSTANDING] 0 <F1>
[AVG-DEBT-PER-SHARE] 0 <F1>
</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<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> GREAT AMERICAN COS. A
<MULTIPLIER> 1
<S> <C>
<PERIOD-TYPE> 9-MOS
<FISCAL-YEAR-END> MAR-31-1999
<PERIOD-START> JUL-01-1998
<PERIOD-END> MAR-31-1999
<INVESTMENTS-AT-COST> 1,454,274 <F1>
<INVESTMENTS-AT-VALUE> 2,142,979 <F1>
<RECEIVABLES> 74,190 <F1>
<ASSETS-OTHER> 15,231 <F1>
<OTHER-ITEMS-ASSETS> 96,366 <F1>
<TOTAL-ASSETS> 2,328,766 <F1>
<PAYABLE-FOR-SECURITIES> 49,113 <F1>
<SENIOR-LONG-TERM-DEBT> 0 <F1>
<OTHER-ITEMS-LIABILITIES> 68,053 <F1>
<TOTAL-LIABILITIES> 117,166 <F1>
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 1,410,601
<SHARES-COMMON-STOCK> 113,163
<SHARES-COMMON-PRIOR> 100,925
<ACCUMULATED-NII-CURRENT> (32,091)<F1>
<OVERDISTRIBUTION-NII> 0 <F1>
<ACCUMULATED-NET-GAINS> (35,567)<F1>
<OVERDISTRIBUTION-GAINS> 0 <F1>
<ACCUM-APPREC-OR-DEPREC> 688,705 <F1>
<NET-ASSETS> 1,928,494
<DIVIDEND-INCOME> 9,409 <F1>
<INTEREST-INCOME> 0 <F1>
<OTHER-INCOME> 0 <F1>
<EXPENSES-NET> (17,453)<F1>
<NET-INVESTMENT-INCOME> (8,044)<F1>
<REALIZED-GAINS-CURRENT> (34,592)<F1>
<APPREC-INCREASE-CURRENT> 387,576 <F1>
<NET-CHANGE-FROM-OPS> 344,940 <F1>
<EQUALIZATION> 0 <F1>
<DISTRIBUTIONS-OF-INCOME> (2,823)
<DISTRIBUTIONS-OF-GAINS> (171,322)
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 0
<NUMBER-OF-SHARES-REDEEMED> 0
<SHARES-REINVESTED> 12,238
<NET-CHANGE-IN-ASSETS> 300,785
<ACCUMULATED-NII-PRIOR> (20,810)<F1>
<ACCUMULATED-GAINS-PRIOR> 195,495 <F1>
<OVERDISTRIB-NII-PRIOR> 0 <F1>
<OVERDIST-NET-GAINS-PRIOR> 0 <F1>
<GROSS-ADVISORY-FEES> 9,771 <F1>
<INTEREST-EXPENSE> 0 <F1>
<GROSS-EXPENSE> 124,106 <F1>
<AVERAGE-NET-ASSETS> 1,621,841
<PER-SHARE-NAV-BEGIN> 16.128
<PER-SHARE-NII> (0.040)
<PER-SHARE-GAIN-APPREC> 2.680
<PER-SHARE-DIVIDEND> (0.028)
<PER-SHARE-DISTRIBUTIONS> (1.698)
<RETURNS-OF-CAPITAL> 0.000
<PER-SHARE-NAV-END> 17.042
<EXPENSE-RATIO> 1.37
[AVG-DEBT-OUTSTANDING] 0 <F1>
[AVG-DEBT-PER-SHARE] 0 <F1>
</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<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> GREAT AMERICAN COS. B
<MULTIPLIER> 1
<S> <C>
<PERIOD-TYPE> 9-MOS
<FISCAL-YEAR-END> MAR-31-1999
<PERIOD-START> JUL-01-1998
<PERIOD-END> MAR-31-1999
<INVESTMENTS-AT-COST> 1,454,274 <F1>
<INVESTMENTS-AT-VALUE> 2,142,979 <F1>
<RECEIVABLES> 74,190 <F1>
<ASSETS-OTHER> 15,231 <F1>
<OTHER-ITEMS-ASSETS> 96,366 <F1>
<TOTAL-ASSETS> 2,328,766 <F1>
<PAYABLE-FOR-SECURITIES> 49,113 <F1>
<SENIOR-LONG-TERM-DEBT> 0 <F1>
<OTHER-ITEMS-LIABILITIES> 68,053 <F1>
<TOTAL-LIABILITIES> 117,166 <F1>
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 89,976
<SHARES-COMMON-STOCK> 8,305
<SHARES-COMMON-PRIOR> 7,407
<ACCUMULATED-NII-CURRENT> (32,091)<F1>
<OVERDISTRIBUTION-NII> 0 <F1>
<ACCUMULATED-NET-GAINS> (35,567)<F1>
<OVERDISTRIBUTION-GAINS> 0 <F1>
<ACCUM-APPREC-OR-DEPREC> 688,705 <F1>
<NET-ASSETS> 141,546
<DIVIDEND-INCOME> 9,409 <F1>
<INTEREST-INCOME> 0 <F1>
<OTHER-INCOME> 0 <F1>
<EXPENSES-NET> (17,453)<F1>
<NET-INVESTMENT-INCOME> (8,044)<F1>
<REALIZED-GAINS-CURRENT> (34,592)<F1>
<APPREC-INCREASE-CURRENT> 387,576 <F1>
<NET-CHANGE-FROM-OPS> 344,940 <F1>
<EQUALIZATION> 0 <F1>
<DISTRIBUTIONS-OF-INCOME> (207)
<DISTRIBUTIONS-OF-GAINS> (12,574)
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 0
<NUMBER-OF-SHARES-REDEEMED> 0
<SHARES-REINVESTED> 898
<NET-CHANGE-IN-ASSETS> 22,077
<ACCUMULATED-NII-PRIOR> (20,810)<F1>
<ACCUMULATED-GAINS-PRIOR> 195,495 <F1>
<OVERDISTRIB-NII-PRIOR> 0 <F1>
<OVERDIST-NET-GAINS-PRIOR> 0 <F1>
<GROSS-ADVISORY-FEES> 9,771 <F1>
<INTEREST-EXPENSE> 0 <F1>
<GROSS-EXPENSE> 124,106 <F1>
<AVERAGE-NET-ASSETS> 119,039
<PER-SHARE-NAV-BEGIN> 16.129
<PER-SHARE-NII> (0.036)
<PER-SHARE-GAIN-APPREC> 2.676
<PER-SHARE-DIVIDEND> (0.028)
<PER-SHARE-DISTRIBUTIONS> (1.698)
<RETURNS-OF-CAPITAL> 0.000
<PER-SHARE-NAV-END> 17.043
<EXPENSE-RATIO> 1.37
[AVG-DEBT-OUTSTANDING] 0 <F1>
[AVG-DEBT-PER-SHARE] 0 <F1>
</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<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> GREAT AMERICAN COS. C
<MULTIPLIER> 1
<S> <C>
<PERIOD-TYPE> 9-MOS
<FISCAL-YEAR-END> MAR-31-1999
<PERIOD-START> JUL-01-1998
<PERIOD-END> MAR-31-1999
<INVESTMENTS-AT-COST> 1,454,274 <F1>
<INVESTMENTS-AT-VALUE> 2,142,979 <F1>
<RECEIVABLES> 74,190 <F1>
<ASSETS-OTHER> 15,231 <F1>
<OTHER-ITEMS-ASSETS> 96,366 <F1>
<TOTAL-ASSETS> 2,328,766 <F1>
<PAYABLE-FOR-SECURITIES> 49,113 <F1>
<SENIOR-LONG-TERM-DEBT> 0 <F1>
<OTHER-ITEMS-LIABILITIES> 68,053 <F1>
<TOTAL-LIABILITIES> 117,166 <F1>
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 89,976
<SHARES-COMMON-STOCK> 8,305
<SHARES-COMMON-PRIOR> 7,407
<ACCUMULATED-NII-CURRENT> (32,091)<F1>
<OVERDISTRIBUTION-NII> 0 <F1>
<ACCUMULATED-NET-GAINS> (35,567)<F1>
<OVERDISTRIBUTION-GAINS> 0 <F1>
<ACCUM-APPREC-OR-DEPREC> 688,705 <F1>
<NET-ASSETS> 141,560
<DIVIDEND-INCOME> 9,409 <F1>
<INTEREST-INCOME> 0 <F1>
<OTHER-INCOME> 0 <F1>
<EXPENSES-NET> (17,453)<F1>
<NET-INVESTMENT-INCOME> (8,044)<F1>
<REALIZED-GAINS-CURRENT> (34,592)<F1>
<APPREC-INCREASE-CURRENT> 387,576 <F1>
<NET-CHANGE-FROM-OPS> 344,940 <F1>
<EQUALIZATION> 0 <F1>
<DISTRIBUTIONS-OF-INCOME> (207)
<DISTRIBUTIONS-OF-GAINS> (12,574)
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 0
<NUMBER-OF-SHARES-REDEEMED> 0
<SHARES-REINVESTED> 898
<NET-CHANGE-IN-ASSETS> 22,078
<ACCUMULATED-NII-PRIOR> (20,810)<F1>
<ACCUMULATED-GAINS-PRIOR> 195,495 <F1>
<OVERDISTRIB-NII-PRIOR> 0 <F1>
<OVERDIST-NET-GAINS-PRIOR> 0 <F1>
<GROSS-ADVISORY-FEES> 9,771 <F1>
<INTEREST-EXPENSE> 0 <F1>
<GROSS-EXPENSE> 124,106 <F1>
<AVERAGE-NET-ASSETS> 119,051
<PER-SHARE-NAV-BEGIN> 16.131
<PER-SHARE-NII> (0.036)
<PER-SHARE-GAIN-APPREC> 2.676
<PER-SHARE-DIVIDEND> (0.028)
<PER-SHARE-DISTRIBUTIONS> (1.698)
<RETURNS-OF-CAPITAL> 0.000
<PER-SHARE-NAV-END> 17.045
<EXPENSE-RATIO> 1.37
[AVG-DEBT-OUTSTANDING] 0 <F1>
[AVG-DEBT-PER-SHARE] 0 <F1>
</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<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> 31
<NAME> GROWTH CLASS A
<MULTIPLIER> 1
<S> <C>
<PERIOD-TYPE> 9-MOS
<FISCAL-YEAR-END> MAR-31-1999
<PERIOD-START> JUL-01-1998
<PERIOD-END> MAR-31-1999
<INVESTMENTS-AT-COST> 94,942,154 <F1>
<INVESTMENTS-AT-VALUE> 140,271,900 <F1>
<RECEIVABLES> 5,064,428 <F1>
<ASSETS-OTHER> 358,927 <F1>
<OTHER-ITEMS-ASSETS> 3,844 <F1>
<TOTAL-ASSETS> 145,699,099 <F1>
<PAYABLE-FOR-SECURITIES> 4,472,798 <F1>
<SENIOR-LONG-TERM-DEBT> 0 <F1>
<OTHER-ITEMS-LIABILITIES> 888,379 <F1>
<TOTAL-LIABILITIES> 5,361,177 <F1>
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 41,591,140
<SHARES-COMMON-STOCK> 2,580,837
<SHARES-COMMON-PRIOR> 2,765,431
<ACCUMULATED-NII-CURRENT> (54,616)<F1>
<OVERDISTRIBUTION-NII> 0 <F1>
<ACCUMULATED-NET-GAINS> (4,245,157) <F1>
<OVERDISTRIBUTION-GAINS> 0 <F1>
<ACCUM-APPREC-OR-DEPREC> 45,329,746 <F1>
<NET-ASSETS> 60,128,868
<DIVIDEND-INCOME> 241,203 <F1>
<INTEREST-INCOME> 203,423 <F1>
<OTHER-INCOME> 0 <F1>
<EXPENSES-NET> (2,048,524)<F1>
<NET-INVESTMENT-INCOME> (1,603,898)<F1>
<REALIZED-GAINS-CURRENT> (3,953,208)<F1>
<APPREC-INCREASE-CURRENT> 6,336,602 <F1>
<NET-CHANGE-FROM-OPS> 779,496<F1>
<EQUALIZATION> 0 <F1>
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> (1,555,668)
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 337,597
<NUMBER-OF-SHARES-REDEEMED> (593,731)
<SHARES-REINVESTED> 71,540
<NET-CHANGE-IN-ASSETS> (4,756,184)
<ACCUMULATED-NII-PRIOR> (47,131)<F1>
<ACCUMULATED-GAINS-PRIOR> 3,378,184 <F1>
<OVERDISTRIB-NII-PRIOR> 0 <F1>
<OVERDIST-NET-GAINS-PRIOR> 0 <F1>
<GROSS-ADVISORY-FEES> 741,338 <F1>
<INTEREST-EXPENSE> 0 <F1>
<GROSS-EXPENSE> 2,090,989 <F1>
<AVERAGE-NET-ASSETS> 56,091,134
<PER-SHARE-NAV-BEGIN> 23.463
<PER-SHARE-NII> (0.185)
<PER-SHARE-GAIN-APPREC> 0.604
<PER-SHARE-DIVIDEND> 0.000
<PER-SHARE-DISTRIBUTIONS> (0.584)
<RETURNS-OF-CAPITAL> 0.000
<PER-SHARE-NAV-END> 23.298
<EXPENSE-RATIO> 1.64
[AVG-DEBT-OUTSTANDING] 0 <F1>
[AVG-DEBT-PER-SHARE] 0 <F1>
</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<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> 32
<NAME> GROWTH CLASS B
<MULTIPLIER> 1
<S> <C>
<PERIOD-TYPE> 9-MOS
<FISCAL-YEAR-END> MAR-31-1999
<PERIOD-START> JUL-01-1998
<PERIOD-END> MAR-31-1999
<INVESTMENTS-AT-COST> 94,942,154 <F1>
<INVESTMENTS-AT-VALUE> 140,271,900 <F1>
<RECEIVABLES> 5,064,428 <F1>
<ASSETS-OTHER> 358,927 <F1>
<OTHER-ITEMS-ASSETS> 3,844 <F1>
<TOTAL-ASSETS> 145,699,099 <F1>
<PAYABLE-FOR-SECURITIES> 4,472,798 <F1>
<SENIOR-LONG-TERM-DEBT> 0 <F1>
<OTHER-ITEMS-LIABILITIES> 888,379 <F1>
<TOTAL-LIABILITIES> 5,361,177 <F1>
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 52,906,982
<SHARES-COMMON-STOCK> 3,183,691
<SHARES-COMMON-PRIOR> 3,440,655
<ACCUMULATED-NII-CURRENT> (54,616)<F1>
<OVERDISTRIBUTION-NII> 0 <F1>
<ACCUMULATED-NET-GAINS> (4,245,157) <F1>
<OVERDISTRIBUTION-GAINS> 0 <F1>
<ACCUM-APPREC-OR-DEPREC> 45,329,746 <F1>
<NET-ASSETS> 72,808,647
<DIVIDEND-INCOME> 241,203 <F1>
<INTEREST-INCOME> 203,423 <F1>
<OTHER-INCOME> 0 <F1>
<EXPENSES-NET> (2,048,524)<F1>
<NET-INVESTMENT-INCOME> (1,603,898)<F1>
<REALIZED-GAINS-CURRENT> (3,953,208)<F1>
<APPREC-INCREASE-CURRENT> 6,336,602 <F1>
<NET-CHANGE-FROM-OPS> 779,496<F1>
<EQUALIZATION> 0 <F1>
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> (1,907,640)
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 269,887
<NUMBER-OF-SHARES-REDEEMED> (616,839)
<SHARES-REINVESTED> 89,988
<NET-CHANGE-IN-ASSETS> (6,922,669)
<ACCUMULATED-NII-PRIOR> (47,131)<F1>
<ACCUMULATED-GAINS-PRIOR> 3,378,184 <F1>
<OVERDISTRIB-NII-PRIOR> 0 <F1>
<OVERDIST-NET-GAINS-PRIOR> 0 <F1>
<GROSS-ADVISORY-FEES> 741,338 <F1>
<INTEREST-EXPENSE> 0 <F1>
<GROSS-EXPENSE> 2,090,989 <F1>
<AVERAGE-NET-ASSETS> 68,067,392
<PER-SHARE-NAV-BEGIN> 23.173
<PER-SHARE-NII> (0.299)
<PER-SHARE-GAIN-APPREC> 0.579
<PER-SHARE-DIVIDEND> 0.000
<PER-SHARE-DISTRIBUTIONS> (0.584)
<RETURNS-OF-CAPITAL> 0.000
<PER-SHARE-NAV-END> 22.869
<EXPENSE-RATIO> 2.40
[AVG-DEBT-OUTSTANDING] 0 <F1>
[AVG-DEBT-PER-SHARE] 0 <F1>
</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<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> 33
<NAME> GROWTH CLASS C
<MULTIPLIER> 1
<S> <C>
<PERIOD-TYPE> 9-MOS
<FISCAL-YEAR-END> MAR-31-1999
<PERIOD-START> JUL-01-1998
<PERIOD-END> MAR-31-1999
<INVESTMENTS-AT-COST> 94,942,154 <F1>
<INVESTMENTS-AT-VALUE> 140,271,900 <F1>
<RECEIVABLES> 5,064,428 <F1>
<ASSETS-OTHER> 358,927 <F1>
<OTHER-ITEMS-ASSETS> 3,844 <F1>
<TOTAL-ASSETS> 145,699,099 <F1>
<PAYABLE-FOR-SECURITIES> 4,472,798 <F1>
<SENIOR-LONG-TERM-DEBT> 0 <F1>
<OTHER-ITEMS-LIABILITIES> 888,379 <F1>
<TOTAL-LIABILITIES> 5,361,177 <F1>
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 4,809,827
<SHARES-COMMON-STOCK> 323,632
<SHARES-COMMON-PRIOR> 398,471
<ACCUMULATED-NII-CURRENT> (54,616)<F1>
<OVERDISTRIBUTION-NII> 0 <F1>
<ACCUMULATED-NET-GAINS> (4,245,157) <F1>
<OVERDISTRIBUTION-GAINS> 0 <F1>
<ACCUM-APPREC-OR-DEPREC> 45,329,746 <F1>
<NET-ASSETS> 7,400,407
<DIVIDEND-INCOME> 241,203 <F1>
<INTEREST-INCOME> 203,423 <F1>
<OTHER-INCOME> 0 <F1>
<EXPENSES-NET> (2,048,524)<F1>
<NET-INVESTMENT-INCOME> (1,603,898)<F1>
<REALIZED-GAINS-CURRENT> (3,953,208)<F1>
<APPREC-INCREASE-CURRENT> 6,336,602 <F1>
<NET-CHANGE-FROM-OPS> 779,496<F1>
<EQUALIZATION> 0 <F1>
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> (206,825)
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 19,753
<NUMBER-OF-SHARES-REDEEMED> (102,252)
<SHARES-REINVESTED> 7,660
<NET-CHANGE-IN-ASSETS> (1,833,242)
<ACCUMULATED-NII-PRIOR> (47,131)<F1>
<ACCUMULATED-GAINS-PRIOR> 3,378,184 <F1>
<OVERDISTRIB-NII-PRIOR> 0 <F1>
<OVERDIST-NET-GAINS-PRIOR> 0 <F1>
<GROSS-ADVISORY-FEES> 741,338 <F1>
<INTEREST-EXPENSE> 0 <F1>
<GROSS-EXPENSE> 2,090,989 <F1>
<AVERAGE-NET-ASSETS> 7,408,644
<PER-SHARE-NAV-BEGIN> 23.173
<PER-SHARE-NII> (0.300)
<PER-SHARE-GAIN-APPREC> 0.578
<PER-SHARE-DIVIDEND> 0.000
<PER-SHARE-DISTRIBUTIONS> (0.584)
<RETURNS-OF-CAPITAL> 0.000
<PER-SHARE-NAV-END> 22.867
<EXPENSE-RATIO> 2.41
[AVG-DEBT-OUTSTANDING] 0 <F1>
[AVG-DEBT-PER-SHARE] 0 <F1>
</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<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> PROSPECTOR FUND CLASS A
<MULTIPLIER> 1
<S> <C>
<PERIOD-TYPE> 9-MOS
<FISCAL-YEAR-END> MAR-31-1999 <F1>
<PERIOD-START> JUL-01-1998 <F1>
<PERIOD-END> MAR-31-1999 <F1>
<INVESTMENTS-AT-COST> 1,785,788 <F1>
<INVESTMENTS-AT-VALUE> 1,989,066 <F1>
<RECEIVABLES> 37,125 <F1>
<ASSETS-OTHER> 14,059 <F1>
<OTHER-ITEMS-ASSETS> 78,986 <F1>
<TOTAL-ASSETS> 2,119,236 <F1>
<PAYABLE-FOR-SECURITIES> 27,436 <F1>
<SENIOR-LONG-TERM-DEBT> 0 <F1>
<OTHER-ITEMS-LIABILITIES> 66,041 <F1>
<TOTAL-LIABILITIES> 93,477 <F1>
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 1,572,545
<SHARES-COMMON-STOCK> 127,413
<SHARES-COMMON-PRIOR> 101,359
<ACCUMULATED-NII-CURRENT> 0 <F1>
<OVERDISTRIBUTION-NII> (30,434)<F1>
<ACCUMULATED-NET-GAINS> 77,944 <F1>
<OVERDISTRIBUTION-GAINS> 0 <F1>
<ACCUM-APPREC-OR-DEPREC> 203,278 <F1>
<NET-ASSETS> 1,771,883
<DIVIDEND-INCOME> 27,886 <F1>
<INTEREST-INCOME> 0 <F1>
<OTHER-INCOME> 0 <F1>
<EXPENSES-NET> (17,917)<F1>
<NET-INVESTMENT-INCOME> 9,969 <F1>
<REALIZED-GAINS-CURRENT> 180,405 <F1>
<APPREC-INCREASE-CURRENT> (15,653)<F1>
<NET-CHANGE-FROM-OPS> 174,721 <F1>
<EQUALIZATION> 0 <F1>
<DISTRIBUTIONS-OF-INCOME> (21,286)
<DISTRIBUTIONS-OF-GAINS> (335,652)
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 0
<NUMBER-OF-SHARES-REDEEMED> 0
<SHARES-REINVESTED> 26,054
<NET-CHANGE-IN-ASSETS> 152,825
<ACCUMULATED-NII-PRIOR> (16,067)<F1>
<ACCUMULATED-GAINS-PRIOR> 281,283 <F1>
<OVERDISTRIB-NII-PRIOR> 0 <F1>
<OVERDIST-NET-GAINS-PRIOR> 0 <F1>
<GROSS-ADVISORY-FEES> 10,020 <F1>
<INTEREST-EXPENSE> 0 <F1>
<GROSS-EXPENSE> 122,885 <F1>
<AVERAGE-NET-ASSETS> 1,670,174
<PER-SHARE-NAV-BEGIN> 15.974
<PER-SHARE-NII> 0.140
<PER-SHARE-GAIN-APPREC> 1.315
<PER-SHARE-DIVIDEND> (0.210)
<PER-SHARE-DISTRIBUTIONS> (3.312)
<RETURNS-OF-CAPITAL> 0.000
<PER-SHARE-NAV-END> 13.907
<EXPENSE-RATIO> 1.41
[AVG-DEBT-OUTSTANDING] 0 <F1>
[AVG-DEBT-PER-SHARE] 0 <F1>
</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<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> PROSPECTOR FUND CLASS B
<MULTIPLIER> 1
<S> <C>
<PERIOD-TYPE> 9-MOS
<FISCAL-YEAR-END> MAR-31-1999 <F1>
<PERIOD-START> JUL-01-1998 <F1>
<PERIOD-END> MAR-31-1999 <F1>
<INVESTMENTS-AT-COST> 1,785,788 <F1>
<INVESTMENTS-AT-VALUE> 1,989,066 <F1>
<RECEIVABLES> 37,125 <F1>
<ASSETS-OTHER> 14,059 <F1>
<OTHER-ITEMS-ASSETS> 78,986 <F1>
<TOTAL-ASSETS> 2,119,236 <F1>
<PAYABLE-FOR-SECURITIES> 27,436 <F1>
<SENIOR-LONG-TERM-DEBT> 0 <F1>
<OTHER-ITEMS-LIABILITIES> 66,041 <F1>
<TOTAL-LIABILITIES> 93,477 <F1>
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 101,213
<SHARES-COMMON-STOCK> 9,128
<SHARES-COMMON-PRIOR> 7,262
<ACCUMULATED-NII-CURRENT> 0 <F1>
<OVERDISTRIBUTION-NII> (30,434)<F1>
<ACCUMULATED-NET-GAINS> 77,944 <F1>
<OVERDISTRIBUTION-GAINS> 0 <F1>
<ACCUM-APPREC-OR-DEPREC> 203,278 <F1>
<NET-ASSETS> 126,938
<DIVIDEND-INCOME> 27,886 <F1>
<INTEREST-INCOME> 0 <F1>
<OTHER-INCOME> 0 <F1>
<EXPENSES-NET> (17,917)<F1>
<NET-INVESTMENT-INCOME> 9,969 <F1>
<REALIZED-GAINS-CURRENT> 180,405 <F1>
<APPREC-INCREASE-CURRENT> (15,653)<F1>
<NET-CHANGE-FROM-OPS> 174,721 <F1>
<EQUALIZATION> 0 <F1>
<DISTRIBUTIONS-OF-INCOME> (1,525)
<DISTRIBUTIONS-OF-GAINS> (24,046)
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 0
<NUMBER-OF-SHARES-REDEEMED> 0
<SHARES-REINVESTED> 1,866
<NET-CHANGE-IN-ASSETS> 10,948
<ACCUMULATED-NII-PRIOR> (16,067)<F1>
<ACCUMULATED-GAINS-PRIOR> 281,283 <F1>
<OVERDISTRIB-NII-PRIOR> 0 <F1>
<OVERDIST-NET-GAINS-PRIOR> 0 <F1>
<GROSS-ADVISORY-FEES> 10,020 <F1>
<INTEREST-EXPENSE> 0 <F1>
<GROSS-EXPENSE> 122,885 <F1>
<AVERAGE-NET-ASSETS> 119,652
<PER-SHARE-NAV-BEGIN> 15.973
<PER-SHARE-NII> 0.140
<PER-SHARE-GAIN-APPREC> 1.315
<PER-SHARE-DIVIDEND> (0.210)
<PER-SHARE-DISTRIBUTIONS> (3.312)
<RETURNS-OF-CAPITAL> 0.000
<PER-SHARE-NAV-END> 13.906
<EXPENSE-RATIO> 1.41
[AVG-DEBT-OUTSTANDING] 0 <F1>
[AVG-DEBT-PER-SHARE] 0 <F1>
</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<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> PROSPECTOR FUND CLASS C
<MULTIPLIER> 1
<S> <C>
<PERIOD-TYPE> 9-MOS
<FISCAL-YEAR-END> MAR-31-1999 <F1>
<PERIOD-START> JUL-01-1998 <F1>
<PERIOD-END> MAR-31-1999 <F1>
<INVESTMENTS-AT-COST> 1,785,788 <F1>
<INVESTMENTS-AT-VALUE> 1,989,066 <F1>
<RECEIVABLES> 37,125 <F1>
<ASSETS-OTHER> 14,059 <F1>
<OTHER-ITEMS-ASSETS> 78,986 <F1>
<TOTAL-ASSETS> 2,119,236 <F1>
<PAYABLE-FOR-SECURITIES> 27,436 <F1>
<SENIOR-LONG-TERM-DEBT> 0 <F1>
<OTHER-ITEMS-LIABILITIES> 66,041 <F1>
<TOTAL-LIABILITIES> 93,477 <F1>
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 101,213
<SHARES-COMMON-STOCK> 9,128
<SHARES-COMMON-PRIOR> 7,262
<ACCUMULATED-NII-CURRENT> 0 <F1>
<OVERDISTRIBUTION-NII> (30,434)<F1>
<ACCUMULATED-NET-GAINS> 77,944 <F1>
<OVERDISTRIBUTION-GAINS> 0 <F1>
<ACCUM-APPREC-OR-DEPREC> 203,278 <F1>
<NET-ASSETS> 126,938
<DIVIDEND-INCOME> 27,886 <F1>
<INTEREST-INCOME> 0 <F1>
<OTHER-INCOME> 0 <F1>
<EXPENSES-NET> (17,917)<F1>
<NET-INVESTMENT-INCOME> 9,969 <F1>
<REALIZED-GAINS-CURRENT> 180,405 <F1>
<APPREC-INCREASE-CURRENT> (15,653)<F1>
<NET-CHANGE-FROM-OPS> 174,721 <F1>
<EQUALIZATION> 0 <F1>
<DISTRIBUTIONS-OF-INCOME> (1,525)
<DISTRIBUTIONS-OF-GAINS> (24,046)
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 0
<NUMBER-OF-SHARES-REDEEMED> 0
<SHARES-REINVESTED> 1,866
<NET-CHANGE-IN-ASSETS> 10,948
<ACCUMULATED-NII-PRIOR> (16,067)<F1>
<ACCUMULATED-GAINS-PRIOR> 281,283 <F1>
<OVERDISTRIB-NII-PRIOR> 0 <F1>
<OVERDIST-NET-GAINS-PRIOR> 0 <F1>
<GROSS-ADVISORY-FEES> 10,020 <F1>
<INTEREST-EXPENSE> 0 <F1>
<GROSS-EXPENSE> 122,885 <F1>
<AVERAGE-NET-ASSETS> 119,652
<PER-SHARE-NAV-BEGIN> 15.973
<PER-SHARE-NII> 0.140
<PER-SHARE-GAIN-APPREC> 1.315
<PER-SHARE-DIVIDEND> (0.210)
<PER-SHARE-DISTRIBUTIONS> (3.312)
<RETURNS-OF-CAPITAL> 0.000
<PER-SHARE-NAV-END> 13.906
<EXPENSE-RATIO> 1.41
[AVG-DEBT-OUTSTANDING] 0 <F1>
[AVG-DEBT-PER-SHARE] 0 <F1>
</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<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> MID CAP VALUE CLASS A
<MULTIPLIER> 1
<S> <C>
<PERIOD-TYPE> 9-MOS
<FISCAL-YEAR-END> MAR-31-1999 <F1>
<PERIOD-START> JUL-01-1998 <F1>
<PERIOD-END> MAR-31-1999 <F1>
<INVESTMENTS-AT-COST> 1,352,906 <F1>
<INVESTMENTS-AT-VALUE> 1,485,971 <F1>
<RECEIVABLES> 49,240 <F1>
<ASSETS-OTHER> 14,102 <F1>
<OTHER-ITEMS-ASSETS> 152,701 <F1>
<TOTAL-ASSETS> 1,702,014 <F1>
<PAYABLE-FOR-SECURITIES> 0 <F1>
<SENIOR-LONG-TERM-DEBT> 0 <F1>
<OTHER-ITEMS-LIABILITIES> 63,851 <F1>
<TOTAL-LIABILITIES> 63,851 <F1>
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 1,328,351
<SHARES-COMMON-STOCK> 110,306
<SHARES-COMMON-PRIOR> 104,285
<ACCUMULATED-NII-CURRENT> (27,030)<F1>
<OVERDISTRIBUTION-NII> 0 <F1>
<ACCUMULATED-NET-GAINS> 32,837 <F1>
<OVERDISTRIBUTION-GAINS> 0 <F1>
<ACCUM-APPREC-OR-DEPREC> 133,065 <F1>
<NET-ASSETS> 1,428,063
<DIVIDEND-INCOME> 12,288 <F1>
<INTEREST-INCOME> 0 <F1>
<OTHER-INCOME> 0 <F1>
<EXPENSES-NET> (15,349)<F1>
<NET-INVESTMENT-INCOME> (3,061)<F1>
<REALIZED-GAINS-CURRENT> 34,570 <F1>
<APPREC-INCREASE-CURRENT> (35,026)<F1>
<NET-CHANGE-FROM-OPS> (3,517)<F1>
<EQUALIZATION> 0 <F1>
<DISTRIBUTIONS-OF-INCOME> (2,858)
<DISTRIBUTIONS-OF-GAINS> (73,579)
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 26
<NUMBER-OF-SHARES-REDEEMED> 0
<SHARES-REINVESTED> 5,995
<NET-CHANGE-IN-ASSETS> (2,714)
<ACCUMULATED-NII-PRIOR> (20,691)<F1>
<ACCUMULATED-GAINS-PRIOR> 82,668 <F1>
<OVERDISTRIB-NII-PRIOR> 0 <F1>
<OVERDIST-NET-GAINS-PRIOR> 0 <F1>
<GROSS-ADVISORY-FEES> 8,855 <F1>
<INTEREST-EXPENSE> 0 <F1>
<GROSS-EXPENSE> 124,258 <F1>
<AVERAGE-NET-ASSETS> 1,371,042
<PER-SHARE-NAV-BEGIN> 13.719
<PER-SHARE-NII> (0.013)
<PER-SHARE-GAIN-APPREC> (0.027)
<PER-SHARE-DIVIDEND> (0.027)
<PER-SHARE-DISTRIBUTIONS> (0.706)
<RETURNS-OF-CAPITAL> 0.000
<PER-SHARE-NAV-END> 12.946
<EXPENSE-RATIO> 1.54
[AVG-DEBT-OUTSTANDING] 0 <F1>
[AVG-DEBT-PER-SHARE] 0 <F1>
</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<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> MID CAP VALUE CLASS B
<MULTIPLIER> 1
<S> <C>
<PERIOD-TYPE> 9-MOS
<FISCAL-YEAR-END> MAR-31-1999 <F1>
<PERIOD-START> JUL-01-1998 <F1>
<PERIOD-END> MAR-31-1999 <F1>
<INVESTMENTS-AT-COST> 1,352,906 <F1>
<INVESTMENTS-AT-VALUE> 1,485,971 <F1>
<RECEIVABLES> 49,240 <F1>
<ASSETS-OTHER> 14,102 <F1>
<OTHER-ITEMS-ASSETS> 152,701 <F1>
<TOTAL-ASSETS> 1,702,014 <F1>
<PAYABLE-FOR-SECURITIES> 0 <F1>
<SENIOR-LONG-TERM-DEBT> 0 <F1>
<OTHER-ITEMS-LIABILITIES> 63,851 <F1>
<TOTAL-LIABILITIES> 63,851 <F1>
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 86,018
<SHARES-COMMON-STOCK> 8,111
<SHARES-COMMON-PRIOR> 7,670
<ACCUMULATED-NII-CURRENT> (27,030)<F1>
<OVERDISTRIBUTION-NII> 0 <F1>
<ACCUMULATED-NET-GAINS> 32,837 <F1>
<OVERDISTRIBUTION-GAINS> 0 <F1>
<ACCUM-APPREC-OR-DEPREC> 133,065 <F1>
<NET-ASSETS> 105,041
<DIVIDEND-INCOME> 12,288 <F1>
<INTEREST-INCOME> 0 <F1>
<OTHER-INCOME> 0 <F1>
<EXPENSES-NET> (15,349)<F1>
<NET-INVESTMENT-INCOME> (3,061)<F1>
<REALIZED-GAINS-CURRENT> 34,570 <F1>
<APPREC-INCREASE-CURRENT> (35,026)<F1>
<NET-CHANGE-FROM-OPS> (3,517)<F1>
<EQUALIZATION> 0 <F1>
<DISTRIBUTIONS-OF-INCOME> (210)
<DISTRIBUTIONS-OF-GAINS> (5,411)
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 0
<NUMBER-OF-SHARES-REDEEMED> 0
<SHARES-REINVESTED> 441
<NET-CHANGE-IN-ASSETS> (227)
<ACCUMULATED-NII-PRIOR> (20,691)<F1>
<ACCUMULATED-GAINS-PRIOR> 82,668 <F1>
<OVERDISTRIB-NII-PRIOR> 0 <F1>
<OVERDIST-NET-GAINS-PRIOR> 0 <F1>
<GROSS-ADVISORY-FEES> 8,855 <F1>
<INTEREST-EXPENSE> 0 <F1>
<GROSS-EXPENSE> 124,258 <F1>
<AVERAGE-NET-ASSETS> 100,866
<PER-SHARE-NAV-BEGIN> 13.724
<PER-SHARE-NII> (0.014)
<PER-SHARE-GAIN-APPREC> (0.027)
<PER-SHARE-DIVIDEND> (0.027)
<PER-SHARE-DISTRIBUTIONS> (0.706)
<RETURNS-OF-CAPITAL> 0.000
<PER-SHARE-NAV-END> 12.950
<EXPENSE-RATIO> 1.54
[AVG-DEBT-OUTSTANDING] 0 <F1>
[AVG-DEBT-PER-SHARE] 0 <F1>
</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<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> MID CAP VALUE CLASS C
<MULTIPLIER> 1
<S> <C>
<PERIOD-TYPE> 9-MOS
<FISCAL-YEAR-END> MAR-31-1999 <F1>
<PERIOD-START> JUL-01-1998 <F1>
<PERIOD-END> MAR-31-1999 <F1>
<INVESTMENTS-AT-COST> 1,352,906 <F1>
<INVESTMENTS-AT-VALUE> 1,485,971 <F1>
<RECEIVABLES> 49,240 <F1>
<ASSETS-OTHER> 14,102 <F1>
<OTHER-ITEMS-ASSETS> 152,701 <F1>
<TOTAL-ASSETS> 1,702,014 <F1>
<PAYABLE-FOR-SECURITIES> 0 <F1>
<SENIOR-LONG-TERM-DEBT> 0 <F1>
<OTHER-ITEMS-LIABILITIES> 63,851 <F1>
<TOTAL-LIABILITIES> 63,851 <F1>
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 84,922
<SHARES-COMMON-STOCK> 8,111
<SHARES-COMMON-PRIOR> 7,670
<ACCUMULATED-NII-CURRENT> (27,030)<F1>
<OVERDISTRIBUTION-NII> 0 <F1>
<ACCUMULATED-NET-GAINS> 32,837 <F1>
<OVERDISTRIBUTION-GAINS> 0 <F1>
<ACCUM-APPREC-OR-DEPREC> 133,065 <F1>
<NET-ASSETS> 105,059
<DIVIDEND-INCOME> 12,288 <F1>
<INTEREST-INCOME> 0 <F1>
<OTHER-INCOME> 0 <F1>
<EXPENSES-NET> (15,349)<F1>
<NET-INVESTMENT-INCOME> (3,061)<F1>
<REALIZED-GAINS-CURRENT> 34,570 <F1>
<APPREC-INCREASE-CURRENT> (35,026)<F1>
<NET-CHANGE-FROM-OPS> (3,517)<F1>
<EQUALIZATION> 0 <F1>
<DISTRIBUTIONS-OF-INCOME> (210)
<DISTRIBUTIONS-OF-GAINS> (5,411)
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 0
<NUMBER-OF-SHARES-REDEEMED> 0
<SHARES-REINVESTED> 441
<NET-CHANGE-IN-ASSETS> (226)
<ACCUMULATED-NII-PRIOR> (20,691)<F1>
<ACCUMULATED-GAINS-PRIOR> 82,668 <F1>
<OVERDISTRIB-NII-PRIOR> 0 <F1>
<OVERDIST-NET-GAINS-PRIOR> 0 <F1>
<GROSS-ADVISORY-FEES> 8,855 <F1>
<INTEREST-EXPENSE> 0 <F1>
<GROSS-EXPENSE> 124,258 <F1>
<AVERAGE-NET-ASSETS> 100,882
<PER-SHARE-NAV-BEGIN> 13.726
<PER-SHARE-NII> (0.014)
<PER-SHARE-GAIN-APPREC> (0.026)
<PER-SHARE-DIVIDEND> (0.027)
<PER-SHARE-DISTRIBUTIONS> (0.706)
<RETURNS-OF-CAPITAL> 0.000
<PER-SHARE-NAV-END> 12.953
<EXPENSE-RATIO> 1.54
[AVG-DEBT-OUTSTANDING] 0 <F1>
[AVG-DEBT-PER-SHARE] 0 <F1>
</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<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> 61
<NAME> AGGRESSIVE GROWTH CLASS A
<MULTIPLIER> 1
<S> <C>
<PERIOD-TYPE> 9-MOS
<FISCAL-YEAR-END> MAR-31-1999 <F1>
<PERIOD-START> JUL-01-1998 <F1>
<PERIOD-END> MAR-31-1999 <F1>
<INVESTMENTS-AT-COST> 314,269,440 <F1>
<INVESTMENTS-AT-VALUE> 482,450,903 <F1>
<RECEIVABLES> 32,194,340 <F1>
<ASSETS-OTHER> 45,512 <F1>
<OTHER-ITEMS-ASSETS> 72,309 <F1>
<TOTAL-ASSETS> 514,763,064 <F1>
<PAYABLE-FOR-SECURITIES> 10,846,412 <F1>
<SENIOR-LONG-TERM-DEBT> 0 <F1>
<OTHER-ITEMS-LIABILITIES> 2,202,698 <F1>
<TOTAL-LIABILITIES> 13,049,110 <F1>
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 157,542,638
<SHARES-COMMON-STOCK> 14,154,257
<SHARES-COMMON-PRIOR> 8,588,377
<ACCUMULATED-NII-CURRENT> (66,257)<F1>
<OVERDISTRIBUTION-NII> 0 <F1>
<ACCUMULATED-NET-GAINS> 17,506,863 <F1>
<OVERDISTRIBUTION-GAINS> 0 <F1>
<ACCUM-APPREC-OR-DEPREC> 168,181,463 <F1>
<NET-ASSETS> 242,556,451
<DIVIDEND-INCOME> 137,307 <F1>
<INTEREST-INCOME> 680,329 <F1>
<OTHER-INCOME> 0 <F1>
<EXPENSES-NET> (4,732,464)<F1>
<NET-INVESTMENT-INCOME> (3,914,828)<F1>
<REALIZED-GAINS-CURRENT> 17,607,525 <F1>
<APPREC-INCREASE-CURRENT> 98,128,461 <F1>
<NET-CHANGE-FROM-OPS> 111,821,158 <F1>
<EQUALIZATION> 0 <F1>
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> (8,188,984)
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 16,304,723
<NUMBER-OF-SHARES-REDEEMED> (11,356,554)
<SHARES-REINVESTED> 617,711
<NET-CHANGE-IN-ASSETS> 125,105,203
<ACCUMULATED-NII-PRIOR> (51,572)<F1>
<ACCUMULATED-GAINS-PRIOR> 19,332,000 <F1>
<OVERDISTRIB-NII-PRIOR> 0 <F1>
<OVERDIST-NET-GAINS-PRIOR> 0 <F1>
<GROSS-ADVISORY-FEES> 1,777,939 <F1>
<INTEREST-EXPENSE> 0 <F1>
<GROSS-EXPENSE> 4,732,464 <F1>
<AVERAGE-NET-ASSETS> 139,550,837
<PER-SHARE-NAV-BEGIN> 13.676
<PER-SHARE-NII> (0.125)
<PER-SHARE-GAIN-APPREC> 4.445
<PER-SHARE-DIVIDEND> 0.000
<PER-SHARE-DISTRIBUTIONS> (0.859)
<RETURNS-OF-CAPITAL> 0.000
<PER-SHARE-NAV-END> 17.137
<EXPENSE-RATIO> 1.56
[AVG-DEBT-OUTSTANDING] 0 <F1>
[AVG-DEBT-PER-SHARE] 0 <F1>
</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<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> 62
<NAME> AGGRESSIVE GROWTH CLASS B
<MULTIPLIER> 1
<S> <C>
<PERIOD-TYPE> 9-MOS
<FISCAL-YEAR-END> MAR-31-1999 <F1>
<PERIOD-START> JUL-01-1998 <F1>
<PERIOD-END> MAR-31-1999 <F1>
<INVESTMENTS-AT-COST> 314,269,440 <F1>
<INVESTMENTS-AT-VALUE> 482,450,903 <F1>
<RECEIVABLES> 32,194,340 <F1>
<ASSETS-OTHER> 45,512 <F1>
<OTHER-ITEMS-ASSETS> 72,309 <F1>
<TOTAL-ASSETS> 514,763,064 <F1>
<PAYABLE-FOR-SECURITIES> 10,846,412 <F1>
<SENIOR-LONG-TERM-DEBT> 0 <F1>
<OTHER-ITEMS-LIABILITIES> 2,202,698 <F1>
<TOTAL-LIABILITIES> 13,049,110 <F1>
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 141,372,990
<SHARES-COMMON-STOCK> 13,840,712
<SHARES-COMMON-PRIOR> 11,023,802
<ACCUMULATED-NII-CURRENT> (66,257)<F1>
<OVERDISTRIBUTION-NII> 0 <F1>
<ACCUMULATED-NET-GAINS> 17,506,863 <F1>
<OVERDISTRIBUTION-GAINS> 0 <F1>
<ACCUM-APPREC-OR-DEPREC> 168,181,463 <F1>
<NET-ASSETS> 231,786,114
<DIVIDEND-INCOME> 137,307 <F1>
<INTEREST-INCOME> 680,329 <F1>
<OTHER-INCOME> 0 <F1>
<EXPENSES-NET> (4,732,464)<F1>
<NET-INVESTMENT-INCOME> (3,914,828)<F1>
<REALIZED-GAINS-CURRENT> 17,607,525 <F1>
<APPREC-INCREASE-CURRENT> 98,128,461 <F1>
<NET-CHANGE-FROM-OPS> 111,821,158 <F1>
<EQUALIZATION> 0 <F1>
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> (10,090,918)
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 4,260,040
<NUMBER-OF-SHARES-REDEEMED> (2,191,661)
<SHARES-REINVESTED> 748,531
<NET-CHANGE-IN-ASSETS> 83,399,166
<ACCUMULATED-NII-PRIOR> (51,572)<F1>
<ACCUMULATED-GAINS-PRIOR> 19,332,000 <F1>
<OVERDISTRIB-NII-PRIOR> 0 <F1>
<OVERDIST-NET-GAINS-PRIOR> 0 <F1>
<GROSS-ADVISORY-FEES> 1,777,939 <F1>
<INTEREST-EXPENSE> 0 <F1>
<GROSS-EXPENSE> 4,732,464 <F1>
<AVERAGE-NET-ASSETS> 158,885,983
<PER-SHARE-NAV-BEGIN> 13.461
<PER-SHARE-NII> (0.197)
<PER-SHARE-GAIN-APPREC> 4.342
<PER-SHARE-DIVIDEND> 0.000
<PER-SHARE-DISTRIBUTIONS> (0.859)
<RETURNS-OF-CAPITAL> 0.000
<PER-SHARE-NAV-END> 16.747
<EXPENSE-RATIO> 2.33
[AVG-DEBT-OUTSTANDING] 0 <F1>
[AVG-DEBT-PER-SHARE] 0 <F1>
</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<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> 63
<NAME> AGGRESSIVE GROWTH CLASS C
<MULTIPLIER> 1
<S> <C>
<PERIOD-TYPE> 9-MOS
<FISCAL-YEAR-END> MAR-31-1999 <F1>
<PERIOD-START> JUL-01-1998 <F1>
<PERIOD-END> MAR-31-1999 <F1>
<INVESTMENTS-AT-COST> 314,269,440 <F1>
<INVESTMENTS-AT-VALUE> 482,450,903 <F1>
<RECEIVABLES> 32,194,340 <F1>
<ASSETS-OTHER> 45,512 <F1>
<OTHER-ITEMS-ASSETS> 72,309 <F1>
<TOTAL-ASSETS> 514,763,064 <F1>
<PAYABLE-FOR-SECURITIES> 10,846,412 <F1>
<SENIOR-LONG-TERM-DEBT> 0 <F1>
<OTHER-ITEMS-LIABILITIES> 2,202,698 <F1>
<TOTAL-LIABILITIES> 13,049,110 <F1>
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 17,176,257
<SHARES-COMMON-STOCK> 1,632,921
<SHARES-COMMON-PRIOR> 1,216,007
<ACCUMULATED-NII-CURRENT> (66,257)<F1>
<OVERDISTRIBUTION-NII> 0 <F1>
<ACCUMULATED-NET-GAINS> 17,506,863 <F1>
<OVERDISTRIBUTION-GAINS> 0 <F1>
<ACCUM-APPREC-OR-DEPREC> 168,181,463 <F1>
<NET-ASSETS> 27,371,389
<DIVIDEND-INCOME> 137,307 <F1>
<INTEREST-INCOME> 680,329 <F1>
<OTHER-INCOME> 0 <F1>
<EXPENSES-NET> (4,732,464)<F1>
<NET-INVESTMENT-INCOME> (3,914,828)<F1>
<REALIZED-GAINS-CURRENT> 17,607,525 <F1>
<APPREC-INCREASE-CURRENT> 98,128,461 <F1>
<NET-CHANGE-FROM-OPS> 111,821,158 <F1>
<EQUALIZATION> 0 <F1>
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> (1,152,760)
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 654,046
<NUMBER-OF-SHARES-REDEEMED> (315,445)
<SHARES-REINVESTED> 78,313
<NET-CHANGE-IN-ASSETS> 10,992,214
<ACCUMULATED-NII-PRIOR> (51,572)<F1>
<ACCUMULATED-GAINS-PRIOR> 19,332,000 <F1>
<OVERDISTRIB-NII-PRIOR> 0 <F1>
<OVERDIST-NET-GAINS-PRIOR> 0 <F1>
<GROSS-ADVISORY-FEES> 1,777,939 <F1>
<INTEREST-EXPENSE> 0 <F1>
<GROSS-EXPENSE> 4,732,464 <F1>
<AVERAGE-NET-ASSETS> 18,114,297
<PER-SHARE-NAV-BEGIN> 13.470
<PER-SHARE-NII> (0.197)
<PER-SHARE-GAIN-APPREC> 4.348
<PER-SHARE-DIVIDEND> 0.000
<PER-SHARE-DISTRIBUTIONS> (0.859)
<RETURNS-OF-CAPITAL> 0.000
<PER-SHARE-NAV-END> 16.762
<EXPENSE-RATIO> 2.33
[AVG-DEBT-OUTSTANDING] 0 <F1>
[AVG-DEBT-PER-SHARE] 0 <F1>
</TABLE>
