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<PAGE> PAGE 2
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<PAGE> PAGE 5
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<PAGE> PAGE 6
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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 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 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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070 E020300 N
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070 N020300 N
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<PAGE> PAGE 21
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<PAGE> PAGE 22
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008 B000401 A
008 C000401 801-46878
008 D010401 CLEVELAND
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015 A000401 KEYTRUST COMPANY OF OHIO
015 B000401 C
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<PAGE> PAGE 23
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<PAGE> PAGE 24
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<PAGE> PAGE 25
070 D010400 Y
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070 I010400 N
070 I020400 N
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070 J020400 N
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070 K020400 N
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070 L020400 N
070 M010400 N
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070 N020400 N
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070 O020400 N
070 P010400 N
070 P020400 N
070 Q010400 N
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070 R020400 N
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<PAGE> PAGE 26
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<PAGE> PAGE 27
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008 B000501 A
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015 A000501 KEYTRUST COMPANY OF OHIO
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<PAGE> PAGE 28
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<PAGE> PAGE 29
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<PAGE> PAGE 30
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<PAGE> PAGE 31
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<PAGE> PAGE 32
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008 A000601 KEY ASSET MANAGEMENT, INC.
008 B000601 A
008 C000601 801-46878
008 D010601 CLEVELAND
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015 A000601 KEYTRUST COMPANY OF OHIO
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<PAGE> PAGE 33
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<PAGE> PAGE 34
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<PAGE> PAGE 35
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<PAGE> PAGE 36
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<PAGE> PAGE 37
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008 B000701 A
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<PAGE> PAGE 38
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<PAGE> PAGE 39
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<PAGE> PAGE 40
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<PAGE> PAGE 41
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<PAGE> PAGE 42
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008 B000801 A
008 C000801 801-46878
008 D010801 CLEVELAND
008 D020801 OH
008 D030801 44114
015 A000801 KEYTRUST COMPANY OF OHIO
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<PAGE> PAGE 43
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<PAGE> PAGE 44
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<PAGE> PAGE 45
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<PAGE> PAGE 46
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<PAGE> PAGE 47
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008 B000901 A
008 C000901 801-46878
008 D010901 CLEVELAND
008 D020901 OH
008 D030901 44114
008 A000902 INDOCAM INTERNATIONAL INVESTMENT SERVICES, SA
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<PAGE> PAGE 48
008 D010902 PARIS
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015 A000901 KEYTRUST COMPANY OF OHIO
015 B000901 C
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<PAGE> PAGE 49
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<PAGE> PAGE 50
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<PAGE> PAGE 51
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<PAGE> PAGE 52
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<PAGE> PAGE 53
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008 A001001 KEY ASSET MANAGEMENT, INC.
008 B001001 A
008 C001001 801-46878
008 D011001 CLEVELAND
008 D021001 OH
008 D031001 44114
015 A001001 KEYTRUST COMPANY OF OH
015 B001001 C
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<PAGE> PAGE 54
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<PAGE> PAGE 55
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<PAGE> PAGE 56
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<PAGE> PAGE 57
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<PAGE> PAGE 58
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008 B001101 A
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015 A001101 KEYTRUST COMPANY OF OHIO
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<PAGE> PAGE 59
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<PAGE> PAGE 60
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058 B001100 N
058 C001100 N
<PAGE> PAGE 61
058 D001100 N
058 E001100 N
059 001100 Y
060 A001100 Y
060 B001100 Y
061 001100 500
062 A001100 N
062 B001100 0.0
062 C001100 0.0
062 D001100 0.0
062 E001100 0.0
062 F001100 0.0
062 G001100 0.0
062 H001100 0.0
062 I001100 0.0
062 J001100 0.0
062 K001100 0.0
062 L001100 0.0
062 M001100 0.0
062 N001100 0.0
062 O001100 0.0
062 P001100 0.0
062 Q001100 0.0
062 R001100 0.0
066 A001100 Y
066 B001100 N
066 C001100 N
066 D001100 N
066 E001100 Y
066 F001100 N
066 G001100 N
067 001100 Y
068 A001100 N
068 B001100 N
069 001100 N
070 A011100 Y
070 A021100 N
070 B011100 Y
070 B021100 N
070 C011100 Y
070 C021100 N
070 D011100 Y
070 D021100 N
070 E011100 Y
070 E021100 N
070 F011100 Y
070 F021100 N
070 G011100 Y
070 G021100 N
070 H011100 Y
070 H021100 N
<PAGE> PAGE 62
070 I011100 Y
070 I021100 N
070 J011100 Y
070 J021100 N
070 K011100 Y
070 K021100 N
070 L011100 Y
070 L021100 Y
070 M011100 Y
070 M021100 Y
070 N011100 Y
070 N021100 N
070 O011100 Y
070 O021100 N
070 P011100 N
070 P021100 N
070 Q011100 N
070 Q021100 N
070 R011100 Y
070 R021100 N
071 A001100 429089
071 B001100 427256
071 C001100 432585
071 D001100 99
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072 J001100 84
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072 R001100 7
072 S001100 17
072 T001100 586
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072 V001100 0
072 W001100 26
072 X001100 3402
072 Y001100 533
072 Z001100 4541
072AA001100 19835
<PAGE> PAGE 63
072BB001100 0
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072EE001100 26725
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008 A001201 KEY ASSET MANAGEMENT, INC.
008 B001201 A
008 C001201 801-46878
008 D011201 CLEVELAND
008 D021201 OH
008 D031201 44114
015 A001201 KEYTRUST COMPANY OF OHIO
015 B001201 C
<PAGE> PAGE 64
015 C011201 CLEVELAND
015 C021201 OH
015 C031201 44114
015 E031201 X
024 001200 Y
025 A001201 FIRST UNION
025 C001201 E
025 D001201 12636
025 A001202 MERRIL LYNCH
025 B001202 13-5674085
025 C001202 D
025 D001202 10000
025 A001203 MORGAN STANLEY DEAN WITTER
025 B001203 13-2655998
025 C001203 D
025 D001203 10000
025 A001204 PRUDENTIAL SECURITIES
025 B001204 22-2347336
025 C001204 D
025 D001204 10000
025 D001205 0
025 D001206 0
025 D001207 0
025 D001208 0
028 A011200 4644
028 A021200 80200
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028 D011200 6775
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028 D031200 4
028 D041200 10055
028 E011200 6294
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028 F011200 10048
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028 F041200 6604
028 G011200 49749
028 G021200 80846
028 G031200 4
<PAGE> PAGE 65
028 G041200 56751
028 H001200 832
029 001200 Y
030 A001200 32
030 B001200 5.75
030 C001200 0.00
031 A001200 2
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032 001200 30
033 001200 0
034 001200 N
035 001200 0
036 B001200 0
037 001200 N
038 001200 0
039 001200 N
040 001200 N
041 001200 N
042 A001200 0
042 B001200 0
042 C001200 0
042 D001200 0
042 E001200 0
042 F001200 0
042 G001200 0
042 H001200 0
043 001200 0
044 001200 0
045 001200 Y
046 001200 N
047 001200 Y
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<PAGE> PAGE 66
048 J021200 0.000
048 K011200 0
048 K021200 0.000
049 001200 N
050 001200 N
051 001200 N
052 001200 N
053 A001200 Y
053 B001200 Y
053 C001200 N
055 A001200 N
055 B001200 N
056 001200 Y
057 001200 N
058 A001200 N
058 B001200 N
058 C001200 N
058 D001200 N
058 E001200 N
059 001200 Y
060 A001200 Y
060 B001200 Y
061 001200 500
062 A001200 N
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062 F001200 0.0
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062 H001200 0.0
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062 J001200 0.0
062 K001200 0.0
062 L001200 0.0
062 M001200 0.0
062 N001200 0.0
062 O001200 0.0
062 P001200 0.0
062 Q001200 0.0
062 R001200 0.0
066 A001200 Y
066 B001200 N
066 C001200 N
066 D001200 Y
066 E001200 N
066 F001200 N
066 G001200 N
067 001200 N
068 A001200 N
068 B001200 N
<PAGE> PAGE 67
069 001200 N
070 A011200 Y
070 A021200 N
070 B011200 Y
070 B021200 N
070 C011200 Y
070 C021200 N
070 D011200 Y
070 D021200 N
070 E011200 Y
070 E021200 N
070 F011200 Y
070 F021200 N
070 G011200 Y
070 G021200 N
070 H011200 Y
070 H021200 N
070 I011200 Y
070 I021200 N
070 J011200 Y
070 J021200 N
070 K011200 Y
070 K021200 N
070 L011200 Y
070 L021200 N
070 M011200 N
070 M021200 N
070 N011200 Y
070 N021200 Y
070 O011200 Y
070 O021200 N
070 P011200 N
070 P021200 N
070 Q011200 N
070 Q021200 N
070 R011200 Y
070 R021200 N
071 A001200 92614
071 B001200 99776
071 C001200 555860
071 D001200 17
072 A001200 6
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072 C001200 4141
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072 F001200 2796
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072 J001200 57
<PAGE> PAGE 68
072 K001200 0
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072 R001200 8
072 S001200 21
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072 V001200 0
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072 X001200 4071
072 Y001200 158
072 Z001200 435
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072DD021200 0
072EE001200 86132
073 A011200 0.0200
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<PAGE> PAGE 69
074 U021200 0
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008 A001301 KEY ASSET MANAGEMENT, INC.
008 B001301 A
008 C001301 801-46878
008 D011301 CLEVELAND
008 D021301 OH
008 D031301 44114
015 A001301 KEYTRUST COMPANY OF OHIO
015 B001301 C
015 C011301 CLEVELAND
015 C021301 OH
015 C031301 44114
015 E031301 X
024 001300 Y
025 A001301 GOLDMAN SACHS
025 B001301 13-5108880
025 C001301 D
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025 A001302 MERRIL LYNCH
025 B001302 13-5674085
025 C001302 D
025 D001302 20000
025 A001303 MORGAN STANLEY DEAN WITTER
025 B001303 13-2655998
025 C001303 D
025 D001303 20000
025 A001304 MORGAN STANLEY DEAN WITTER
025 B001304 13-2655998
025 C001304 E
025 D001304 3557
025 A001305 MERRIL LYNCH
025 B001305 13-5674085
025 C001305 E
025 D001305 1848
025 A001306 LEHMAN BROTHERS
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025 C001306 E
025 D001306 392
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025 B001307 13-6299429
025 C001307 E
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025 D001308 0
<PAGE> PAGE 70
028 A011300 19452
028 A021300 55967
028 A031300 0
028 A041300 2007
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028 B021300 2816
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028 E011300 14485
028 E021300 1898
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028 H001300 4001
029 001300 Y
030 A001300 115
030 B001300 5.75
030 C001300 0.00
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031 B001300 0
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033 001300 0
034 001300 N
035 001300 0
036 B001300 0
037 001300 N
038 001300 0
039 001300 N
040 001300 N
041 001300 N
042 A001300 0
042 B001300 0
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042 D001300 0
042 E001300 0
042 F001300 0
<PAGE> PAGE 71
042 G001300 0
042 H001300 0
043 001300 0
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045 001300 Y
046 001300 N
047 001300 Y
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048 C011300 0
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048 I021300 0.000
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048 K021300 0.000
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050 001300 N
051 001300 N
052 001300 N
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055 A001300 Y
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057 001300 N
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058 B001300 N
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058 D001300 N
058 E001300 N
059 001300 Y
060 A001300 Y
060 B001300 Y
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<PAGE> PAGE 72
062 B001300 0.0
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062 E001300 0.0
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062 L001300 0.0
062 M001300 0.0
062 N001300 0.0
062 O001300 0.0
062 P001300 0.0
062 Q001300 0.0
062 R001300 0.0
066 A001300 Y
066 B001300 N
066 C001300 Y
066 D001300 N
066 E001300 N
066 F001300 N
066 G001300 N
067 001300 N
068 A001300 N
068 B001300 N
069 001300 Y
070 A011300 Y
070 A021300 N
070 B011300 Y
070 B021300 N
070 C011300 Y
070 C021300 N
070 D011300 Y
070 D021300 N
070 E011300 Y
070 E021300 N
070 F011300 Y
070 F021300 Y
070 G011300 Y
070 G021300 N
070 H011300 Y
070 H021300 N
070 I011300 Y
070 I021300 N
070 J011300 Y
070 J021300 N
070 K011300 Y
070 K021300 N
070 L011300 N
<PAGE> PAGE 73
070 L021300 N
070 M011300 N
070 M021300 N
070 N011300 Y
070 N021300 N
070 O011300 Y
070 O021300 N
070 P011300 N
070 P021300 N
070 Q011300 N
070 Q021300 N
070 R011300 Y
070 R021300 N
071 A001300 104523
071 B001300 8847
071 C001300 600413
071 D001300 1
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072EE001300 61389
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<PAGE> PAGE 74
073 A021300 0.0000
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008 A001401 KEY ASSET MANAGEMENT, INC.
008 B001401 A
008 C001401 801-46878
008 D011401 CLEVELAND
008 D021401 OH
008 D031401 44114
015 A001401 KEYTRUST COMPANY OF OHIO
015 B001401 C
015 C011401 CLEVELAND
015 C021401 OH
015 C031401 44114
015 E031401 X
024 001400 Y
025 A001401 GOLDMAN SACHS
025 B001401 13-5108880
<PAGE> PAGE 75
025 C001401 D
025 D001401 5000
025 A001402 PRUDENTIAL
025 B001402 22-2347336
025 C001402 D
025 D001402 5000
025 A001403 MORGAN STANLEY DEAN WITTER
025 B001403 13-2655998
025 C001403 D
025 D001403 3000
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028 A011400 9747
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028 H001400 392
029 001400 Y
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<PAGE> PAGE 76
032 001400 24
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048 I021400 0.000
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048 J021400 0.000
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048 K021400 0.000
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050 001400 N
051 001400 N
052 001400 N
<PAGE> PAGE 77
053 A001400 Y
053 B001400 Y
053 C001400 N
055 A001400 Y
055 B001400 N
056 001400 Y
057 001400 N
058 A001400 N
058 B001400 N
058 C001400 N
058 D001400 N
058 E001400 N
059 001400 Y
060 A001400 Y
060 B001400 Y
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066 A001400 Y
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066 C001400 N
066 D001400 Y
066 E001400 N
066 F001400 N
066 G001400 N
067 001400 N
068 A001400 N
068 B001400 N
069 001400 N
070 A011400 Y
070 A021400 N
070 B011400 Y
070 B021400 N
070 C011400 Y
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<PAGE> PAGE 78
070 D011400 Y
070 D021400 N
070 E011400 Y
070 E021400 N
070 F011400 Y
070 F021400 N
070 G011400 Y
070 G021400 N
070 H011400 Y
070 H021400 N
070 I011400 Y
070 I021400 N
070 J011400 Y
070 J021400 N
070 K011400 Y
070 K021400 N
070 L011400 Y
070 L021400 N
070 M011400 N
070 M021400 N
070 N011400 Y
070 N021400 Y
070 O011400 Y
070 O021400 N
070 P011400 N
070 P021400 N
070 Q011400 N
070 Q021400 N
070 R011400 Y
070 R021400 N
071 A001400 59275
071 B001400 139782
071 C001400 306262
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<PAGE> PAGE 79
072 R001400 5
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<PAGE> PAGE 80
075 B001400 310157
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008 A001501 KEY ASSET MANAGEMENT, INC.
008 B001501 A
008 C001501 801-46878
008 D011501 CLEVELAND
008 D021501 OH
008 D031501 44114
015 A001501 KEYTRUST COMPANY OF OHIO
015 B001501 C
015 C011501 CLEVELAND
015 C021501 OH
015 C031501 44114
015 E031501 X
024 001500 N
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031 B001500 0
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<PAGE> PAGE 81
033 001500 0
034 001500 N
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036 B001500 0
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038 001500 0
039 001500 N
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042 E001500 0
042 F001500 0
042 G001500 0
042 H001500 0
043 001500 51
044 001500 0
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051 001500 N
052 001500 N
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<PAGE> PAGE 82
053 C001500 N
055 A001500 Y
055 B001500 N
056 001500 Y
057 001500 N
058 A001500 N
058 B001500 N
058 C001500 N
058 D001500 N
058 E001500 N
059 001500 Y
060 A001500 Y
060 B001500 Y
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062 E001500 0.0
062 F001500 0.0
062 G001500 0.0
062 H001500 0.0
062 I001500 0.0
062 J001500 0.0
062 K001500 0.0
062 L001500 0.0
062 M001500 0.0
062 N001500 0.0
062 O001500 0.0
062 P001500 0.0
062 Q001500 0.0
062 R001500 0.0
066 A001500 Y
066 B001500 N
066 C001500 Y
066 D001500 N
066 E001500 N
066 F001500 N
066 G001500 N
067 001500 N
068 A001500 N
068 B001500 N
069 001500 N
070 A011500 Y
070 A021500 N
070 B011500 Y
070 B021500 N
070 C011500 Y
070 C021500 N
070 D011500 Y
070 D021500 N
<PAGE> PAGE 83
070 E011500 Y
070 E021500 N
070 F011500 Y
070 F021500 N
070 G011500 Y
070 G021500 N
070 H011500 Y
070 H021500 N
070 I011500 Y
070 I021500 N
070 J011500 Y
070 J021500 N
070 K011500 Y
070 K021500 N
070 L011500 Y
070 L021500 N
070 M011500 N
070 M021500 N
070 N011500 Y
070 N021500 N
070 O011500 Y
070 O021500 N
070 P011500 N
070 P021500 N
070 Q011500 N
070 Q021500 N
070 R011500 Y
070 R021500 N
071 A001500 2388
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071 C001500 183263
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072 C001500 96
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072 J001500 5
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072 N001500 2
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072 S001500 1
<PAGE> PAGE 84
072 T001500 64
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072 Z001500 -56
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<PAGE> PAGE 85
008 A001601 KEY ASSET MANAGEMENT, INC.
008 B001601 A
008 C001601 801-46878
008 D011601 CLEVELAND
008 D021601 OH
008 D031601 44114
015 A001601 KEYTRUST COMPANY OF OHIO
015 B001601 C
015 C011601 CLEVELAND
015 C021601 OH
015 C031601 44114
015 E031601 X
024 001600 Y
025 A001601 MORGAN STANLEY DEAN WITTER
025 B001601 13-2655998
025 C001601 D
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025 A001602 MERRIL LYNCH
025 B001602 13-5674085
025 C001602 D
025 D001602 5000
025 A001603 LEHMAN BROTHERS
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025 C001603 D
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<PAGE> PAGE 86
028 F021600 453
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029 001600 Y
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038 001600 0
039 001600 N
040 001600 N
041 001600 N
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042 B001600 0
042 C001600 0
042 D001600 0
042 E001600 0
042 F001600 0
042 G001600 0
042 H001600 0
043 001600 0
044 001600 0
045 001600 Y
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<PAGE> PAGE 87
048 G021600 0.000
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048 H021600 0.000
048 I011600 0
048 I021600 0.000
048 J011600 0
048 J021600 0.000
048 K011600 0
048 K021600 0.000
049 001600 N
050 001600 N
051 001600 N
052 001600 N
053 A001600 Y
053 B001600 Y
053 C001600 N
055 A001600 N
055 B001600 N
056 001600 Y
057 001600 N
058 A001600 N
058 B001600 N
058 C001600 N
058 D001600 N
058 E001600 N
059 001600 Y
060 A001600 Y
060 B001600 Y
061 001600 500
062 A001600 Y
062 B001600 0.0
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062 H001600 0.0
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062 Q001600 14.1
062 R001600 0.0
063 A001600 0
063 B001600 10.0
064 A001600 N
064 B001600 N
<PAGE> PAGE 88
066 A001600 N
067 001600 N
068 A001600 N
068 B001600 N
069 001600 N
070 A011600 Y
070 A021600 N
070 B011600 Y
070 B021600 N
070 C011600 Y
070 C021600 N
070 D011600 Y
070 D021600 N
070 E011600 Y
070 E021600 N
070 F011600 Y
070 F021600 N
070 G011600 Y
070 G021600 N
070 H011600 Y
070 H021600 N
070 I011600 Y
070 I021600 N
070 J011600 Y
070 J021600 N
070 K011600 Y
070 K021600 N
070 L011600 Y
070 L021600 N
070 M011600 Y
070 M021600 N
070 N011600 Y
070 N021600 N
070 O011600 Y
070 O021600 N
070 P011600 N
070 P021600 N
070 Q011600 N
070 Q021600 N
070 R011600 Y
070 R021600 N
071 A001600 356082
071 B001600 364733
071 C001600 157795
071 D001600 226
072 A001600 6
072 B001600 5105
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<PAGE> PAGE 89
072 G001600 122
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072 X001600 1091
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074 A001600 505
074 B001600 11000
074 C001600 14147
074 D001600 152836
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<PAGE> PAGE 90
074 R041600 21701
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008 A001701 KEY ASSET MANAGEMENT, INC.
008 B001701 A
008 C001701 801-46878
008 D011701 CLEVELAND
008 D021701 OH
008 D031701 44114
015 A001701 KEYTRUST COMPANY OF OHIO
015 B001701 C
015 C011701 CLEVELAND
015 C021701 OH
015 C031701 44114
015 E031701 X
024 001700 Y
025 A001701 MORGAN STANLEY DEAN WITTER
025 B001701 13-2655998
025 C001701 D
025 D001701 11031
025 A001702 GOLDMAN SACHS
025 B001702 13-5108880
025 C001702 D
025 D001702 10000
025 A001703 MERRIL LYNCH
025 B001703 13-5674085
025 C001703 D
025 D001703 10000
025 A001704 SALOMON SMITH BARNEY
025 B001704 13-3082694
025 C001704 D
025 D001704 4874
025 A001705 PRUDENTIAL SECURITIES
025 B001705 22-2347336
025 C001705 D
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025 A001706 LEHMAN BROTHERS
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<PAGE> PAGE 91
025 D001708 0
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030 C001700 0.00
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033 001700 0
034 001700 N
035 001700 0
036 B001700 0
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038 001700 0
039 001700 N
040 001700 N
041 001700 N
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042 E001700 0
<PAGE> PAGE 92
042 F001700 0
042 G001700 0
042 H001700 0
043 001700 0
044 001700 0
045 001700 Y
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047 001700 Y
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048 I021700 0.000
048 J011700 0
048 J021700 0.000
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048 K021700 0.000
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050 001700 N
051 001700 N
052 001700 N
053 A001700 Y
053 B001700 Y
053 C001700 N
055 A001700 N
055 B001700 N
056 001700 Y
057 001700 N
058 A001700 N
058 B001700 N
058 C001700 N
058 D001700 N
058 E001700 N
059 001700 Y
060 A001700 Y
060 B001700 Y
061 001700 500
<PAGE> PAGE 93
062 A001700 Y
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062 F001700 0.0
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062 H001700 0.0
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062 P001700 61.6
062 Q001700 22.8
062 R001700 0.0
063 A001700 0
063 B001700 5.0
064 A001700 N
064 B001700 N
066 A001700 N
067 001700 N
068 A001700 N
068 B001700 N
069 001700 N
070 A011700 Y
070 A021700 N
070 B011700 Y
070 B021700 N
070 C011700 Y
070 C021700 N
070 D011700 Y
070 D021700 N
070 E011700 Y
070 E021700 N
070 F011700 Y
070 F021700 N
070 G011700 Y
070 G021700 N
070 H011700 Y
070 H021700 N
070 I011700 Y
070 I021700 N
070 J011700 Y
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070 K011700 Y
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070 L011700 Y
070 L021700 N
<PAGE> PAGE 94
070 M011700 N
070 M021700 N
070 N011700 Y
070 N021700 N
070 O011700 Y
070 O021700 N
070 P011700 N
070 P021700 N
070 Q011700 N
070 Q021700 N
070 R011700 Y
070 R021700 N
071 A001700 364752
071 B001700 366367
071 C001700 240171
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<PAGE> PAGE 95
073 B001700 0.0100
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008 A001801 KEY ASSET MANAGEMENT, INC.
008 B001801 A
008 C001801 801-46878
008 D011801 CLEVELAND
008 D021801 OH
008 D031801 44114
015 A001801 KEYTRUST COMPANY OF OHIO
015 B001801 C
015 C011801 CLEVELAND
015 C021801 OH
015 C031801 44114
015 E031801 X
024 001800 N
025 A001801 DELETE
025 D001801 0
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<PAGE> PAGE 96
025 D001802 0
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036 B001800 0
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039 001800 N
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<PAGE> PAGE 97
041 001800 Y
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050 001800 N
051 001800 N
052 001800 N
053 A001800 Y
053 B001800 Y
053 C001800 N
055 A001800 Y
055 B001800 N
056 001800 Y
057 001800 N
058 A001800 N
058 B001800 N
058 C001800 N
<PAGE> PAGE 98
058 D001800 N
058 E001800 N
059 001800 Y
060 A001800 Y
060 B001800 Y
061 001800 500
062 A001800 Y
062 B001800 0.0
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062 R001800 0.0
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063 B001800 6.7
064 A001800 N
064 B001800 N
066 A001800 N
067 001800 N
068 A001800 N
068 B001800 N
069 001800 N
070 A011800 Y
070 A021800 N
070 B011800 N
070 B021800 N
070 C011800 N
070 C021800 N
070 D011800 N
070 D021800 N
070 E011800 N
070 E021800 N
070 F011800 N
070 F021800 N
070 G011800 N
070 G021800 N
070 H011800 N
070 H021800 N
070 I011800 N
070 I021800 N
<PAGE> PAGE 99
070 J011800 N
070 J021800 N
070 K011800 Y
070 K021800 N
070 L011800 N
070 L021800 N
070 M011800 N
070 M021800 N
070 N011800 Y
070 N021800 N
070 O011800 Y
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070 P011800 N
070 P021800 N
070 Q011800 N
070 Q021800 N
070 R011800 Y
070 R021800 N
071 A001800 32010
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<PAGE> PAGE 100
072CC021800 2542
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008 A001901 KEY ASSET MANAGEMENT, INC.
008 B001901 A
008 C001901 801-46878
008 D011901 CLEVELAND
008 D021901 OH
008 D031901 44114
015 A001901 KEYTRUST COMPANY OF OHIO
015 B001901 C
015 C011901 CLEVELAND
015 C021901 OH
<PAGE> PAGE 101
015 C031901 44114
015 E031901 X
024 001900 N
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<PAGE> PAGE 102
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<PAGE> PAGE 103
060 A001900 N
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062 R001900 2.5
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064 A001900 Y
064 B001900 N
066 A001900 N
067 001900 N
068 A001900 N
068 B001900 N
069 001900 N
070 A011900 Y
070 A021900 N
070 B011900 N
070 B021900 N
070 C011900 N
070 C021900 N
070 D011900 N
070 D021900 N
070 E011900 Y
070 E021900 N
070 F011900 Y
070 F021900 N
070 G011900 Y
070 G021900 N
070 H011900 Y
070 H021900 N
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070 I021900 N
070 J011900 Y
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070 K011900 Y
<PAGE> PAGE 104
070 K021900 Y
070 L011900 N
070 L021900 N
070 M011900 N
070 M021900 N
070 N011900 Y
070 N021900 N
070 O011900 Y
070 O021900 N
070 P011900 N
070 P021900 N
070 Q011900 N
070 Q021900 N
070 R011900 N
070 R021900 N
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071 B001900 25794
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<PAGE> PAGE 105
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073 A011900 0.2100
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008 A002101 KEY ASSET MANAGEMENT, INC.
008 B002101 A
008 C002101 801-46878
008 D012101 CLEVELAND
008 D022101 OH
008 D032101 44114
015 A002101 KEYTRUST COMPANY OF OHIO
015 B002101 C
015 C012101 CLEVELAND
015 C022101 OH
015 C032101 44114
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024 002100 N
<PAGE> PAGE 106
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<PAGE> PAGE 107
042 F002100 0
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050 002100 N
051 002100 N
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053 B002100 Y
053 C002100 N
055 A002100 Y
055 B002100 N
056 002100 Y
057 002100 N
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058 C002100 N
058 D002100 N
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059 002100 Y
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<PAGE> PAGE 108
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064 A002100 Y
064 B002100 N
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067 002100 N
068 A002100 N
068 B002100 N
069 002100 N
070 A012100 Y
070 A022100 N
070 B012100 N
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070 C012100 N
070 C022100 N
070 D012100 N
070 D022100 N
070 E012100 N
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070 F012100 N
070 F022100 N
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070 G022100 N
070 H012100 N
070 H022100 N
070 I012100 N
070 I022100 N
070 J012100 Y
070 J022100 N
070 K012100 Y
070 K022100 Y
070 L012100 N
070 L022100 N
<PAGE> PAGE 109
070 M012100 N
070 M022100 N
070 N012100 Y
070 N022100 N
070 O012100 Y
070 O022100 N
070 P012100 N
070 P022100 N
070 Q012100 N
070 Q022100 N
070 R012100 N
070 R022100 N
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<PAGE> PAGE 110
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008 A002201 KEY ASSET MANAGEMENT, INC.
008 B002201 A
008 C002201 801-46878
008 D012201 CLEVELAND
008 D022201 OH
008 D032201 44114
015 A002201 KEYTRUST COMPANY OF OHIO
015 B002201 C
015 C012201 CLEVELAND
015 C022201 OH
015 C032201 44114
015 E032201 X
024 002200 Y
025 A002201 PAINE WEBBER
025 B002201 13-2638166
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<PAGE> PAGE 111
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025 C002202 D
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025 A002203 LEHMAN BROTHERS
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025 A002204 MERRIL LYNCH
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025 C002204 D
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<PAGE> PAGE 112
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<PAGE> PAGE 113
048 I022200 0.000
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063 B002200 0.0
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066 A002200 N
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<PAGE> PAGE 114
069 002200 N
070 A012200 Y
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070 D022200 N
070 E012200 N
070 E022200 N
070 F012200 N
070 F022200 N
070 G012200 N
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070 H012200 N
070 H022200 N
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070 I022200 N
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070 J022200 N
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070 L012200 N
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070 M012200 N
070 M022200 N
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<PAGE> PAGE 115
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<PAGE> PAGE 116
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008 A002301 KEY ASSET MANAGEMENT, INC.
008 B002301 A
008 C002301 801-46878
008 D012301 CLEVELAND
008 D022301 OH
008 D032301 44114
015 A002301 KEYTRUST COMPANY OF OHIO
015 B002301 C
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015 C022301 OH
015 C032301 44114
015 E032301 X
024 002300 Y
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025 A002304 PAINE WEBBER
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025 C002305 D
025 D002305 43134
025 A002306 MERRIL LYNCH
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025 C002306 D
025 D002306 30003
025 A002307 GENERAL ELECTRIC CAPITAL CORP.
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<PAGE> PAGE 117
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<PAGE> PAGE 118
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<PAGE> PAGE 119
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<PAGE> PAGE 120
070 N012300 Y
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<PAGE> PAGE 121
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008 A002401 KEY ASSET MANAGEMENT, INC.
008 B002401 A
008 C002401 801-46878
008 D012401 CLEVELAND
008 D022401 OH
008 D032401 44114
015 A002401 KEYTRUST COMPANY OF OHIO
015 B002401 C
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<PAGE> PAGE 122
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<PAGE> PAGE 123
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<PAGE> PAGE 124
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<PAGE> PAGE 125
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<PAGE> PAGE 126
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<PAGE> PAGE 127
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<PAGE> PAGE 128
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<PAGE> PAGE 129
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<PAGE> PAGE 130
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<PAGE> PAGE 131
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<PAGE> PAGE 132
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<PAGE> PAGE 133
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<PAGE> PAGE 134
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<PAGE> PAGE 135
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<PAGE> PAGE 136
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<PAGE> PAGE 137
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<PAGE> PAGE 138
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<PAGE> PAGE 139
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<PAGE> PAGE 140
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<PAGE> PAGE 141
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<PAGE> PAGE 142
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<PAGE> PAGE 143
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<PAGE> PAGE 144
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<PAGE> PAGE 145
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<PAGE> PAGE 146
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<PAGE> PAGE 147
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<PAGE> PAGE 148
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<PAGE> PAGE 149
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<PAGE> PAGE 150
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<PAGE> PAGE 151
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<PAGE> PAGE 152
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<PAGE> PAGE 153
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<PAGE> PAGE 154
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<PAGE> PAGE 155
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<PAGE> PAGE 156
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<PAGE> PAGE 157
008 C003101 801-46878
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<PAGE> PAGE 158
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<PAGE> PAGE 159
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<PAGE> PAGE 160
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<PAGE> PAGE 161
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015 A003201 KEYTRUST COMPNAY OF OHIO
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<PAGE> PAGE 162
015 C033201 44114
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<PAGE> PAGE 163
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048 B023200 0.550
048 C013200 0
048 C023200 0.000
048 D013200 0
048 D023200 0.000
048 E013200 0
048 E023200 0.000
048 F013200 0
048 F023200 0.000
048 G013200 0
048 G023200 0.000
048 H013200 0
048 H023200 0.000
048 I013200 0
048 I023200 0.000
048 J013200 0
048 J023200 0.000
048 K013200 200000
048 K023200 0.450
049 003200 N
050 003200 N
051 003200 N
052 003200 N
053 A003200 N
055 A003200 N
055 B003200 N
056 003200 Y
057 003200 N
058 A003200 N
058 B003200 N
058 C003200 N
058 D003200 N
058 E003200 N
059 003200 Y
060 A003200 Y
060 B003200 Y
061 003200 500
062 A003200 N
062 B003200 0.0
062 C003200 0.0
062 D003200 0.0
<PAGE> PAGE 164
062 E003200 0.0
062 F003200 0.0
062 G003200 0.0
062 H003200 0.0
062 I003200 0.0
062 J003200 0.0
062 K003200 0.0
062 L003200 0.0
062 M003200 0.0
062 N003200 0.0
062 O003200 0.0
062 P003200 0.0
062 Q003200 0.0
062 R003200 0.0
066 A003200 Y
066 B003200 N
066 C003200 Y
066 D003200 N
066 E003200 N
066 F003200 N
066 G003200 N
067 003200 N
068 A003200 N
068 B003200 N
069 003200 N
070 A013200 Y
070 A023200 Y
070 B013200 N
070 B023200 N
070 C013200 N
070 C023200 N
070 D013200 N
070 D023200 N
070 E013200 N
070 E023200 N
070 F013200 N
070 F023200 N
070 G013200 N
070 G023200 N
070 H013200 N
070 H023200 N
070 I013200 N
070 I023200 N
070 J013200 N
070 J023200 N
070 K013200 Y
070 K023200 N
070 L013200 N
070 L023200 N
070 M013200 N
070 M023200 N
<PAGE> PAGE 165
070 N013200 Y
070 N023200 N
070 O013200 Y
070 O023200 N
070 P013200 N
070 P023200 N
070 Q013200 N
070 Q023200 N
070 R013200 N
070 R023200 N
071 A003200 8564
071 B003200 15354
071 C003200 488257
071 D003200 2
072 A003200 1
072 B003200 44
072 C003200 154
072 D003200 0
072 E003200 0
072 F003200 210
072 G003200 49
072 H003200 0
072 I003200 24
072 J003200 7
072 K003200 0
072 L003200 3
072 M003200 0
072 N003200 0
072 O003200 0
072 P003200 0
072 Q003200 8
072 R003200 2
072 S003200 2
072 T003200 205
072 U003200 0
072 V003200 0
072 W003200 3
072 X003200 513
072 Y003200 56
072 Z003200 -259
072AA003200 243
072BB003200 0
072CC013200 53656
072CC023200 0
072DD013200 0
072DD023200 0
072EE003200 0
073 A013200 0.0000
073 A023200 0.0000
073 B003200 0.0000
073 C003200 0.0000
<PAGE> PAGE 166
074 A003200 0
074 B003200 0
074 C003200 10131
074 D003200 511812
074 E003200 0
074 F003200 0
074 G003200 0
074 H003200 0
074 I003200 0
074 J003200 0
074 K003200 0
074 L003200 184
074 M003200 353
074 N003200 522480
074 O003200 0
074 P003200 464
074 Q003200 0
074 R013200 0
074 R023200 0
074 R033200 0
074 R043200 629
074 S003200 0
074 T003200 521387
074 U013200 14939
074 U023200 0
074 V013200 34.90
074 V023200 0.00
074 W003200 0.0000
074 X003200 15158
074 Y003200 0
075 A003200 0
075 B003200 501483
076 003200 0.00
SIGNATURE JOEL ENGLE
TITLE TREASURER
Sub-item 77d
Policies with respect to security investments
Victory Small Company Opportunity Fund - See Sub-item 77m
Sub-item 77m
On March 5, 1999, there was a special shareholder
meeting of Gradison Growth Trust. The meeting was to
vote on the reorganization (merger) of the Gradison
Mutual Funds into the Victory Portfolios. The
reorganization was passed.
At the close of business on March 26, 1999:
Gradison Growth & Income Fund merged into Victory
Diversified Stock Fund; Gradison International
Fund merged into Victory International Growth Fund; and
The Gradison Ohio Tax-Free Fund merged into Victory
Ohio Municipal Bond Fund.
Also, the Gradison Government Income Fund merged into
the Victory Fund For Income and taking on the history
of Gradison Government Income Fund.
Also, the Gradison Opportunity Value Fund merged into
the Victory Special Growth Fund with the Victory Special
Growth Fund changing its name to Victory Small Company
Opportunity Fund and taking on the history of Gradison
Opportunity Value Fund. The Gradison Opportunity Value
Fund's investment policy required 70% of the total of the
total assets of the portfolio in equity securities of
companies with market capitalizations of approximately
$1 billion or less. The Victory Special Growth Fund's
investment policy requires 80% of the total of the
total assets of the portfolio in equity securities of
companies with market capitalizations of approximately
$1 billion or less.
At the close of business on April 1, 1999:
Gradison Established Value Fund merged into Victory
Established Value Fund and Gradison U.S. Government
Reserves Fund merged into Gradison Government Reserves
Fund.
Both funds retained their respective histories.
As of March 29, 1999 the Gradison Custodian Trust and
the Gradison-McDonald Municipal Custodian Trust ceased
operations. As of April 5, 1999 the Gradison Growth
Trust and the Gradison-McDonald Cash Reserves Trust
ceased operations.
Sub-item 77O
Form 10f-3
Record of Securities Purchased
Under the Rule 10f-3 Procedures
Members of the underwriting syndicate
Warburg Dillon Read, Goldman Sachs International, Alpha credit
Bank Group, Deutsche Bank AG, National Bank of Greece Group, N.D.
Devletoglou Securities and Investment Services S.A., Omega
Securities S.A., P&K Securities A.E., and Telesis Securities S.A.
Terms of the offer
Combined offering of 33,312,500 Shares directly or in the form of
Global depositary Shares.
3) Name of Issuer: PANAFON HELLENIC TELECOMMUNICATIONS COMPANY S.A.
a) Has the issuer been in continuous operation for at least three
consecutive years (including the operations of any predecessors)? Y
Has the issuer made available to the public financial statements,
prepared and audited in accordance with French accounting standards,
for the two years prior to the offer? Y
4) Type of Underwriting: (A) Public Offering? Y
(B) Firm Commitment Underwriting Y
Final date of subscription period: December 1st, 1998
Date of Fund purchase or subscription: November 20, 1998
(must be (i) prior to the end of the first date on which any sales
are made in the case of a public offering, or (ii) on or prior to
the fourth business day preceding the day on which the rights offering
terminates, in the case of a subscription offer).
Public offering price per share in underwriting: GRD 5100
(all securities must be offered at a fixed price to all purchasers
except for rights granted to existing shareholders by operation of law).
7) Price per share paid by Fund: GRD 5100
(may not exceed public offering price per share except for rights
granted to existing shareholders by operation of law).
8) a) Commission (or spread) paid by Fund per NONE share
Is the commission reasonable and fair compared to rates on similar
underwritings during a comparable time period?
9) Total amount of the offer 33,312,500 shares
10) Total amount and percentage purchased by Fund and other U.S.
registered investment companies of which IIIS is the adviser or
sub-adviser.
20,370 shares (of which 20,370 for the fund)
11) Seller (may not be any director, officer, or employee of
Credit Agricole Indosuez or any affiliate; nor may Credit
Agricole Indosuez receive any director indirect compensation
attributable to the Fund's participation in the offer, other
than a management fee as lead or co-manager).
SBC WARBURG DILLON READ
(selling broker or underwriter if in underwriting or purchase
on an exchange)
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<FN>
</FN>
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<NUMBER> 021
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<PAID-IN-CAPITAL-COMMON> 2225464
<SHARES-COMMON-STOCK> 487270<F1>
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<NET-INVESTMENT-INCOME> 45722
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<APPREC-INCREASE-CURRENT> 0
<NET-CHANGE-FROM-OPS> 45722
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 11511<F1>
<DISTRIBUTIONS-OF-GAINS> 0<F1>
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<NUMBER-OF-SHARES-SOLD> 2066891
<NUMBER-OF-SHARES-REDEEMED> 2043385
<SHARES-REINVESTED> 28935
<NET-CHANGE-IN-ASSETS> 52441
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 1
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 3795
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 7756
<AVERAGE-NET-ASSETS> 526275<F1>
<PER-SHARE-NAV-BEGIN> 1.000<F1>
<PER-SHARE-NII> 0.022<F1>
<PER-SHARE-GAIN-APPREC> 0<F1>
<PER-SHARE-DIVIDEND> 0.022<F1>
<PER-SHARE-DISTRIBUTIONS> 0<F1>
<RETURNS-OF-CAPITAL> 0<F1>
<PER-SHARE-NAV-END> 1.000<F1>
<EXPENSE-RATIO> 0.52<F1>
<FN>
<F1>INVESTOR SHARES
</FN>
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000802716
<NAME> THE VICTORY PORTFOLIOS
<SERIES>
<NUMBER> 022
<NAME> VICTORY U.S. GOVERNMENT OBLIGATIONS FUND
<MULTIPLIER> 1000
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> OCT-31-1999
<PERIOD-START> NOV-01-1998
<PERIOD-END> APR-30-1999
<INVESTMENTS-AT-COST> 2246722
<INVESTMENTS-AT-VALUE> 2246722
<RECEIVABLES> 8024
<ASSETS-OTHER> 113
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 2254859
<PAYABLE-FOR-SECURITIES> 20109
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 9285
<TOTAL-LIABILITIES> 20394
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 2225464
<SHARES-COMMON-STOCK> 1738251<F1>
<SHARES-COMMON-PRIOR> 1602005<F1>
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 1
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 0
<NET-ASSETS> 2225465
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 53407
<OTHER-INCOME> 71
<EXPENSES-NET> 7756
<NET-INVESTMENT-INCOME> 45722
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<APPREC-INCREASE-CURRENT> 0
<NET-CHANGE-FROM-OPS> 45722
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 34211<F1>
<DISTRIBUTIONS-OF-GAINS> 0<F1>
<DISTRIBUTIONS-OTHER> 0<F1>
<NUMBER-OF-SHARES-SOLD> 2066891
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<SHARES-REINVESTED> 28935
<NET-CHANGE-IN-ASSETS> 52441
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 1
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
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<AVERAGE-NET-ASSETS> 1660037<F1>
<PER-SHARE-NAV-BEGIN> 1.000<F1>
<PER-SHARE-NII> 0.021<F1>
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<RETURNS-OF-CAPITAL> 0<F1>
<PER-SHARE-NAV-END> 1.000<F1>
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<FN>
<F1>SELECT SHARES
</FN>
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000802716
<NAME> THE VICTORY PORTFOLIOS
<SERIES>
<NUMBER> 031
<NAME> VICTORY TAX-FREE MONEY MARKET FUND
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<S> <C>
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<FISCAL-YEAR-END> OCT-31-1999
<PERIOD-START> NOV-01-1998
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<PAID-IN-CAPITAL-COMMON> 682155
<SHARES-COMMON-STOCK> 682153
<SHARES-COMMON-PRIOR> 465530
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 0
<OVERDISTRIBUTION-GAINS> 31
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<NET-ASSETS> 682124
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<INTEREST-INCOME> 9983
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<EXPENSES-NET> 2569
<NET-INVESTMENT-INCOME> 7643
<REALIZED-GAINS-CURRENT> (27)
<APPREC-INCREASE-CURRENT> 0
<NET-CHANGE-FROM-OPS> 7616
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 7643
<DISTRIBUTIONS-OF-GAINS> 0
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<NUMBER-OF-SHARES-SOLD> 978328
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<SHARES-REINVESTED> 4989
<NET-CHANGE-IN-ASSETS> 216596
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<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 4
<GROSS-ADVISORY-FEES> 1125
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<GROSS-EXPENSE> 2569
<AVERAGE-NET-ASSETS> 648119
<PER-SHARE-NAV-BEGIN> 1.000
<PER-SHARE-NII> 0.012
<PER-SHARE-GAIN-APPREC> 0
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<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 1.000
<EXPENSE-RATIO> 0.80
<FN>
</FN>
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000802716
<NAME> THE VICTORY PORTFOLIOS
<SERIES>
<NUMBER> 041
<NAME> VICTORY OHIO REGIONAL STOCK FUND
<MULTIPLIER> 1000
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> OCT-31-1999
<PERIOD-START> NOV-01-1998
<PERIOD-END> APR-30-1999
<INVESTMENTS-AT-COST> 21037
<INVESTMENTS-AT-VALUE> 37815
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<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 12185
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<SHARES-COMMON-PRIOR> 2016<F1>
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<ACCUMULATED-NET-GAINS> 5577
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 16778
<NET-ASSETS> 34541
<DIVIDEND-INCOME> 424
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<OTHER-INCOME> 1
<EXPENSES-NET> 263
<NET-INVESTMENT-INCOME> 165
<REALIZED-GAINS-CURRENT> 5576
<APPREC-INCREASE-CURRENT> (4248)
<NET-CHANGE-FROM-OPS> 1493
<EQUALIZATION> 0
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<NUMBER-OF-SHARES-SOLD> 130
<NUMBER-OF-SHARES-REDEEMED> 569
<SHARES-REINVESTED> 188
<NET-CHANGE-IN-ASSETS> (8113)
<ACCUMULATED-NII-PRIOR> 7
<ACCUMULATED-GAINS-PRIOR> 4990
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 142
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 287
<AVERAGE-NET-ASSETS> 37225<F1>
<PER-SHARE-NAV-BEGIN> 20.67<F1>
<PER-SHARE-NII> 0.09<F1>
<PER-SHARE-GAIN-APPREC> 0.80<F1>
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<RETURNS-OF-CAPITAL> 0<F1>
<PER-SHARE-NAV-END> 19.05<F1>
<EXPENSE-RATIO> 1.36<F1>
<FN>
<F1>CLASS A SHARES
</FN>
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000802716
<NAME> THE VICTORY PORTFOLIOS
<SERIES>
<NUMBER> 042
<NAME> VICTORY OHIO REGIONAL STOCK FUND
<MULTIPLIER> 1000
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> OCT-31-1999
<PERIOD-START> NOV-01-1998
<PERIOD-END> APR-30-1999
<INVESTMENTS-AT-COST> 21037
<INVESTMENTS-AT-VALUE> 37815
<RECEIVABLES> 39
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<TOTAL-ASSETS> 37864
<PAYABLE-FOR-SECURITIES> 32
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 3291
<TOTAL-LIABILITIES> 3323
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 12185
<SHARES-COMMON-STOCK> 52<F1>
<SHARES-COMMON-PRIOR> 49<F1>
<ACCUMULATED-NII-CURRENT> 1
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 5577
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 16778
<NET-ASSETS> 34541
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<INTEREST-INCOME> 3
<OTHER-INCOME> 1
<EXPENSES-NET> 263
<NET-INVESTMENT-INCOME> 165
<REALIZED-GAINS-CURRENT> 5576
<APPREC-INCREASE-CURRENT> (4248)
<NET-CHANGE-FROM-OPS> 1493
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0<F1>
<DISTRIBUTIONS-OF-GAINS> 119<F1>
<DISTRIBUTIONS-OTHER> 0<F1>
<NUMBER-OF-SHARES-SOLD> 130
<NUMBER-OF-SHARES-REDEEMED> 569
<SHARES-REINVESTED> 188
<NET-CHANGE-IN-ASSETS> (8113)
<ACCUMULATED-NII-PRIOR> 7
<ACCUMULATED-GAINS-PRIOR> 4990
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 142
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 287
<AVERAGE-NET-ASSETS> 958<F1>
<PER-SHARE-NAV-BEGIN> 20.30<F1>
<PER-SHARE-NII> (0.02)<F1>
<PER-SHARE-GAIN-APPREC> 0.78<F1>
<PER-SHARE-DIVIDEND> 0<F1>
<PER-SHARE-DISTRIBUTIONS> 2.42<F1>
<RETURNS-OF-CAPITAL> 0<F1>
<PER-SHARE-NAV-END> 18.64<F1>
<EXPENSE-RATIO> 2.60<F1>
<FN>
<F1>CLASS B SHARES
</FN>
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000802716
<NAME> THE VICTORY PORTFOLIOS
<SERIES>
<NUMBER> 051
<NAME> VICTORY DIVERSIFIED STOCK FUND
<MULTIPLIER> 1000
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> OCT-31-1999
<PERIOD-START> NOV-01-1998
<PERIOD-END> APR-30-1999
<INVESTMENTS-AT-COST> 1186176
<INVESTMENTS-AT-VALUE> 1423278
<RECEIVABLES> 12623
<ASSETS-OTHER> 539
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 1436440
<PAYABLE-FOR-SECURITIES> 9128
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 208954
<TOTAL-LIABILITIES> 218082
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 862385
<SHARES-COMMON-STOCK> 57530<F1>
<SHARES-COMMON-PRIOR> 49507<F1>
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 419
<ACCUMULATED-NET-GAINS> 119290
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 237102
<NET-ASSETS> 1218358
<DIVIDEND-INCOME> 6984
<INTEREST-INCOME> 580
<OTHER-INCOME> 77
<EXPENSES-NET> 5814
<NET-INVESTMENT-INCOME> 1827
<REALIZED-GAINS-CURRENT> 119535
<APPREC-INCREASE-CURRENT> 110700
<NET-CHANGE-FROM-OPS> 232062
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 2332<F1>
<DISTRIBUTIONS-OF-GAINS> 188218<F1>
<DISTRIBUTIONS-OTHER> 0<F1>
<NUMBER-OF-SHARES-SOLD> 13584
<NUMBER-OF-SHARES-REDEEMED> 10515
<SHARES-REINVESTED> 10909
<NET-CHANGE-IN-ASSETS> 234238
<ACCUMULATED-NII-PRIOR> 86
<ACCUMULATED-GAINS-PRIOR> 198482
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 3401
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 6118
<AVERAGE-NET-ASSETS> 980664<F1>
<PER-SHARE-NAV-BEGIN> 18.85<F1>
<PER-SHARE-NII> 0.03<F1>
<PER-SHARE-GAIN-APPREC> 3.39<F1>
<PER-SHARE-DIVIDEND> 0.04<F1>
<PER-SHARE-DISTRIBUTIONS> 3.81<F1>
<RETURNS-OF-CAPITAL> 0<F1>
<PER-SHARE-NAV-END> 18.42<F1>
<EXPENSE-RATIO> 1.06<F1>
<FN>
<F1>CLASS A SHARES
</FN>
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000802716
<NAME> THE VICTORY PORTFOLIOS
<SERIES>
<NUMBER> 052
<NAME> VICTORY DIVERSIFIED STOCK FUND
<MULTIPLIER> 1000
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> OCT-31-1999
<PERIOD-START> NOV-01-1998
<PERIOD-END> APR-30-1999
<INVESTMENTS-AT-COST> 1186176
<INVESTMENTS-AT-VALUE> 1423278
<RECEIVABLES> 12623
<ASSETS-OTHER> 539
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 1436440
<PAYABLE-FOR-SECURITIES> 9128
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 208954
<TOTAL-LIABILITIES> 218082
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 862385
<SHARES-COMMON-STOCK> 3919<F1>
<SHARES-COMMON-PRIOR> 2740<F1>
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 419
<ACCUMULATED-NET-GAINS> 119290
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 237102
<NET-ASSETS> 1218358
<DIVIDEND-INCOME> 6984
<INTEREST-INCOME> 580
<OTHER-INCOME> 77
<EXPENSES-NET> 5814
<NET-INVESTMENT-INCOME> 1827
<REALIZED-GAINS-CURRENT> 119535
<APPREC-INCREASE-CURRENT> 110700
<NET-CHANGE-FROM-OPS> 232062
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0<F1>
<DISTRIBUTIONS-OF-GAINS> 10509<F1>
<DISTRIBUTIONS-OTHER> 0<F1>
<NUMBER-OF-SHARES-SOLD> 13584
<NUMBER-OF-SHARES-REDEEMED> 10515
<SHARES-REINVESTED> 10909
<NET-CHANGE-IN-ASSETS> 234238
<ACCUMULATED-NII-PRIOR> 86
<ACCUMULATED-GAINS-PRIOR> 198482
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 3401
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 6118
<AVERAGE-NET-ASSETS> 60456<F1>
<PER-SHARE-NAV-BEGIN> 18.60<F1>
<PER-SHARE-NII> (0.01)<F1>
<PER-SHARE-GAIN-APPREC> 3.29<F1>
<PER-SHARE-DIVIDEND> 0<F1>
<PER-SHARE-DISTRIBUTIONS> 3.81<F1>
<RETURNS-OF-CAPITAL> 0<F1>
<PER-SHARE-NAV-END> 18.07<F1>
<EXPENSE-RATIO> 2.03<F1>
<FN>
<F1>CLASS B SHARES
</FN>
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000802716
<NAME> THE VICTORY PORTFOLIOS
<SERIES>
<NUMBER> 053
<NAME> VICTORY DIVERSIFIED STOCK FUND
<MULTIPLIER> 1000
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> OCT-31-1999
<PERIOD-START> NOV-01-1998
<PERIOD-END> APR-30-1999
<INVESTMENTS-AT-COST> 1186176
<INVESTMENTS-AT-VALUE> 1423278
<RECEIVABLES> 12623
<ASSETS-OTHER> 539
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 1436440
<PAYABLE-FOR-SECURITIES> 9128
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 208954
<TOTAL-LIABILITIES> 218082
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 862385
<SHARES-COMMON-STOCK> 4776<F1>
<SHARES-COMMON-PRIOR> 0<F1>
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 419
<ACCUMULATED-NET-GAINS> 119290
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 237102
<NET-ASSETS> 1218358
<DIVIDEND-INCOME> 6984
<INTEREST-INCOME> 580
<OTHER-INCOME> 77
<EXPENSES-NET> 5814
<NET-INVESTMENT-INCOME> 1827
<REALIZED-GAINS-CURRENT> 119535
<APPREC-INCREASE-CURRENT> 110700
<NET-CHANGE-FROM-OPS> 232062
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0<F1>
<DISTRIBUTIONS-OF-GAINS> 0<F1>
<DISTRIBUTIONS-OTHER> 0<F1>
<NUMBER-OF-SHARES-SOLD> 13584
<NUMBER-OF-SHARES-REDEEMED> 10515
<SHARES-REINVESTED> 10909
<NET-CHANGE-IN-ASSETS> 234238
<ACCUMULATED-NII-PRIOR> 86
<ACCUMULATED-GAINS-PRIOR> 198482
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 3401
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 6118
<AVERAGE-NET-ASSETS> 82352<F1>
<PER-SHARE-NAV-BEGIN> 17.14<F1>
<PER-SHARE-NII> (0.01)<F1>
<PER-SHARE-GAIN-APPREC> 1.29<F1>
<PER-SHARE-DIVIDEND> 0<F1>
<PER-SHARE-DISTRIBUTIONS> 0<F1>
<RETURNS-OF-CAPITAL> 0<F1>
<PER-SHARE-NAV-END> 18.42<F1>
<EXPENSE-RATIO> 1.24<F1>
<FN>
<F1>CLASS G SHARES
</FN>
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000802716
<NAME> THE VICTORY PORTFOLIOS
<SERIES>
<NUMBER> 061
<NAME> VICTORY LIMITED TERM INCOME FUND
<MULTIPLIER> 1000
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> OCT-31-1999
<PERIOD-START> NOV-01-1998
<PERIOD-END> APR-30-1999
<INVESTMENTS-AT-COST> 89483
<INVESTMENTS-AT-VALUE> 89333
<RECEIVABLES> 6238
<ASSETS-OTHER> 14
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 95585
<PAYABLE-FOR-SECURITIES> 5745
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 10918
<TOTAL-LIABILITIES> 16663
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 82272
<SHARES-COMMON-STOCK> 7993
<SHARES-COMMON-PRIOR> 8089
<ACCUMULATED-NII-CURRENT> 32
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 0
<OVERDISTRIBUTION-GAINS> 3232
<ACCUM-APPREC-OR-DEPREC> (150)
<NET-ASSETS> 78922
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 2387
<OTHER-INCOME> 3
<EXPENSES-NET> 373
<NET-INVESTMENT-INCOME> 2017
<REALIZED-GAINS-CURRENT> (440)
<APPREC-INCREASE-CURRENT> (1025)
<NET-CHANGE-FROM-OPS> 552
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 2022
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 825
<NUMBER-OF-SHARES-REDEEMED> 1068
<SHARES-REINVESTED> 147
<NET-CHANGE-IN-ASSETS> (2421)
<ACCUMULATED-NII-PRIOR> 37
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 2792
<GROSS-ADVISORY-FEES> 189
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 426
<AVERAGE-NET-ASSETS> 80440
<PER-SHARE-NAV-BEGIN> 10.06
<PER-SHARE-NII> 0.25
<PER-SHARE-GAIN-APPREC> (0.19)
<PER-SHARE-DIVIDEND> 0.25
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 9.87
<EXPENSE-RATIO> 0.94
<FN>
</FN>
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000802716
<NAME> THE VICTORY PORTFOLIOS
<SERIES>
<NUMBER> 071
<NAME> VICTORY OHIO MUNICIPAL BOND FUND
<MULTIPLIER> 1000
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> OCT-31-1999
<PERIOD-START> NOV-01-1998
<PERIOD-END> APR-30-1999
<INVESTMENTS-AT-COST> 195600
<INVESTMENTS-AT-VALUE> 204314
<RECEIVABLES> 5321
<ASSETS-OTHER> 28
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 209663
<PAYABLE-FOR-SECURITIES> 3673
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 220
<TOTAL-LIABILITIES> 3893
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 196535
<SHARES-COMMON-STOCK> 7061<F1>
<SHARES-COMMON-PRIOR> 6872<F1>
<ACCUMULATED-NII-CURRENT> 115
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 406
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 8714
<NET-ASSETS> 205770
<DIVIDEND-INCOME> 60
<INTEREST-INCOME> 2619
<OTHER-INCOME> 0
<EXPENSES-NET> 472
<NET-INVESTMENT-INCOME> 2207
<REALIZED-GAINS-CURRENT> 457
<APPREC-INCREASE-CURRENT> 3423
<NET-CHANGE-FROM-OPS> 6087
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 1730<F1>
<DISTRIBUTIONS-OF-GAINS> 1285<F1>
<DISTRIBUTIONS-OTHER> 0<F1>
<NUMBER-OF-SHARES-SOLD> 11619
<NUMBER-OF-SHARES-REDEEMED> 1099
<SHARES-REINVESTED> 101
<NET-CHANGE-IN-ASSETS> 123066
<ACCUMULATED-NII-PRIOR> 75
<ACCUMULATED-GAINS-PRIOR> 1234
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 313
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 585
<AVERAGE-NET-ASSETS> 83446<F1>
<PER-SHARE-NAV-BEGIN> 12.04<F1>
<PER-SHARE-NII> 0.25<F1>
<PER-SHARE-GAIN-APPREC> (0.09)<F1>
<PER-SHARE-DIVIDEND> 0.25<F1>
<PER-SHARE-DISTRIBUTIONS> 0.18<F1>
<RETURNS-OF-CAPITAL> 0<F1>
<PER-SHARE-NAV-END> 11.77<F1>
<EXPENSE-RATIO> 0.92<F1>
<FN>
<F1>CLASS A SHARES
</FN>
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000802716
<NAME> THE VICTORY PORTFOLIOS
<SERIES>
<NUMBER> 072
<NAME> VICTORY OHIO MUNICIPAL BOND FUND
<MULTIPLIER> 1000
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> OCT-31-1999
<PERIOD-START> NOV-01-1998
<PERIOD-END> APR-30-1999
<INVESTMENTS-AT-COST> 195600
<INVESTMENTS-AT-VALUE> 204314
<RECEIVABLES> 5321
<ASSETS-OTHER> 28
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 209663
<PAYABLE-FOR-SECURITIES> 3673
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 220
<TOTAL-LIABILITIES> 3893
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 196535
<SHARES-COMMON-STOCK> 10432<F1>
<SHARES-COMMON-PRIOR> 0<F1>
<ACCUMULATED-NII-CURRENT> 115
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 406
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 8714
<NET-ASSETS> 205770
<DIVIDEND-INCOME> 60
<INTEREST-INCOME> 2619
<OTHER-INCOME> 0
<EXPENSES-NET> 472
<NET-INVESTMENT-INCOME> 2207
<REALIZED-GAINS-CURRENT> 457
<APPREC-INCREASE-CURRENT> 3423
<NET-CHANGE-FROM-OPS> 6087
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 437<F1>
<DISTRIBUTIONS-OF-GAINS> 0<F1>
<DISTRIBUTIONS-OTHER> 0<F1>
<NUMBER-OF-SHARES-SOLD> 11619
<NUMBER-OF-SHARES-REDEEMED> 1099
<SHARES-REINVESTED> 101
<NET-CHANGE-IN-ASSETS> 123066
<ACCUMULATED-NII-PRIOR> 75
<ACCUMULATED-GAINS-PRIOR> 1234
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 313
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 585
<AVERAGE-NET-ASSETS> 122630<F1>
<PER-SHARE-NAV-BEGIN> 11.79<F1>
<PER-SHARE-NII> 0.04<F1>
<PER-SHARE-GAIN-APPREC> (0.03)<F1>
<PER-SHARE-DIVIDEND> 0.04<F1>
<PER-SHARE-DISTRIBUTIONS> 0<F1>
<RETURNS-OF-CAPITAL> 0<F1>
<PER-SHARE-NAV-END> 11.76<F1>
<EXPENSE-RATIO> 0.87<F1>
<FN>
<F1>CLASS G SHARES
</FN>
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000802716
<NAME> THE VICTORY PORTFOLIOS
<SERIES>
<NUMBER> 081
<NAME> VICTORY GOVERNMENT MORTGAGE FUND
<MULTIPLIER> 1000
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> OCT-31-1999
<PERIOD-START> NOV-01-1998
<PERIOD-END> APR-30-1999
<INVESTMENTS-AT-COST> 103676
<INVESTMENTS-AT-VALUE> 103218
<RECEIVABLES> 2771
<ASSETS-OTHER> 18
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 106007
<PAYABLE-FOR-SECURITIES> 1943
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 69
<TOTAL-LIABILITIES> 2012
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 105249
<SHARES-COMMON-STOCK> 9507
<SHARES-COMMON-PRIOR> 9493
<ACCUMULATED-NII-CURRENT> 52
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 0
<OVERDISTRIBUTION-GAINS> 848
<ACCUM-APPREC-OR-DEPREC> (458)
<NET-ASSETS> 103995
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 3399
<OTHER-INCOME> 0
<EXPENSES-NET> 501
<NET-INVESTMENT-INCOME> 2898
<REALIZED-GAINS-CURRENT> (41)
<APPREC-INCREASE-CURRENT> (1225)
<NET-CHANGE-FROM-OPS> 1632
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 2876
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 1268
<NUMBER-OF-SHARES-REDEEMED> 1393
<SHARES-REINVESTED> 139
<NET-CHANGE-IN-ASSETS> (1090)
<ACCUMULATED-NII-PRIOR> 30
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 807
<GROSS-ADVISORY-FEES> 261
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 561
<AVERAGE-NET-ASSETS> 105164
<PER-SHARE-NAV-BEGIN> 11.07
<PER-SHARE-NII> 0.30
<PER-SHARE-GAIN-APPREC> (0.13)
<PER-SHARE-DIVIDEND> 0.30
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 10.94
<EXPENSE-RATIO> 0.96
<FN>
</FN>
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000802716
<NAME> THE VICTORY PORTFOLIOS
<SERIES>
<NUMBER> 091
<NAME> VICTORY INTERNATIONAL GROWTH FUND
<MULTIPLIER> 1000
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> OCT-31-1999
<PERIOD-START> NOV-01-1998
<PERIOD-END> APR-30-1999
<INVESTMENTS-AT-COST> 134017
<INVESTMENTS-AT-VALUE> 162617
<RECEIVABLES> 5816
<ASSETS-OTHER> 151
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 168584
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 368
<TOTAL-LIABILITIES> 368
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 133211
<SHARES-COMMON-STOCK> 9210<F1>
<SHARES-COMMON-PRIOR> 10196<F1>
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 491
<ACCUMULATED-NET-GAINS> 6924
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 28572
<NET-ASSETS> 168216
<DIVIDEND-INCOME> 756
<INTEREST-INCOME> 137
<OTHER-INCOME> 0
<EXPENSES-NET> 1250
<NET-INVESTMENT-INCOME> (357)
<REALIZED-GAINS-CURRENT> 7265
<APPREC-INCREASE-CURRENT> 12979
<NET-CHANGE-FROM-OPS> 19887
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0<F1>
<DISTRIBUTIONS-OF-GAINS> 4776<F1>
<DISTRIBUTIONS-OTHER> 0<F1>
<NUMBER-OF-SHARES-SOLD> 10945
<NUMBER-OF-SHARES-REDEEMED> 9798
<SHARES-REINVESTED> 228
<NET-CHANGE-IN-ASSETS> 33373
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 4435
<OVERDISTRIB-NII-PRIOR> 134
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 779
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 1312
<AVERAGE-NET-ASSETS> 136154<F1>
<PER-SHARE-NAV-BEGIN> 13.19<F1>
<PER-SHARE-NII> (0.04)<F1>
<PER-SHARE-GAIN-APPREC> 1.84<F1>
<PER-SHARE-DIVIDEND> 0<F1>
<PER-SHARE-DISTRIBUTIONS> 0.48<F1>
<RETURNS-OF-CAPITAL> 0<F1>
<PER-SHARE-NAV-END> 14.51<F1>
<EXPENSE-RATIO> 1.75<F1>
<FN>
<F1>CLASS A SHARES
</FN>
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000802716
<NAME> THE VICTORY PORTFOLIOS
<SERIES>
<NUMBER> 092
<NAME> VICTORY INTERNATIONAL GROWTH FUND
<MULTIPLIER> 1000
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> OCT-31-1999
<PERIOD-START> NOV-01-1998
<PERIOD-END> APR-30-1999
<INVESTMENTS-AT-COST> 134017
<INVESTMENTS-AT-VALUE> 162617
<RECEIVABLES> 5816
<ASSETS-OTHER> 151
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 168584
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 368
<TOTAL-LIABILITIES> 368
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 133211
<SHARES-COMMON-STOCK> 39<F1>
<SHARES-COMMON-PRIOR> 27<F1>
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 491
<ACCUMULATED-NET-GAINS> 6924
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 28572
<NET-ASSETS> 168216
<DIVIDEND-INCOME> 756
<INTEREST-INCOME> 137
<OTHER-INCOME> 0
<EXPENSES-NET> 1250
<NET-INVESTMENT-INCOME> (357)
<REALIZED-GAINS-CURRENT> 7265
<APPREC-INCREASE-CURRENT> 12979
<NET-CHANGE-FROM-OPS> 19887
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0<F1>
<DISTRIBUTIONS-OF-GAINS> 0<F1>
<DISTRIBUTIONS-OTHER> 0<F1>
<NUMBER-OF-SHARES-SOLD> 10945
<NUMBER-OF-SHARES-REDEEMED> 9798
<SHARES-REINVESTED> 228
<NET-CHANGE-IN-ASSETS> 33373
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 4435
<OVERDISTRIB-NII-PRIOR> 134
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 779
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 1312
<AVERAGE-NET-ASSETS> 467<F1>
<PER-SHARE-NAV-BEGIN> 12.82<F1>
<PER-SHARE-NII> (0.05)<F1>
<PER-SHARE-GAIN-APPREC> 1.71<F1>
<PER-SHARE-DIVIDEND> 0<F1>
<PER-SHARE-DISTRIBUTIONS> 0.48<F1>
<RETURNS-OF-CAPITAL> 0<F1>
<PER-SHARE-NAV-END> 14.00<F1>
<EXPENSE-RATIO> 3.07<F1>
<FN>
<F1>CLASS B SHARES
</FN>
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000802716
<NAME> THE VICTORY PORTFOLIOS
<SERIES>
<NUMBER> 093
<NAME> VICTORY INTERNATIONAL GROWTH FUND
<MULTIPLIER> 1000
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> OCT-31-1999
<PERIOD-START> NOV-01-1998
<PERIOD-END> APR-30-1999
<INVESTMENTS-AT-COST> 134017
<INVESTMENTS-AT-VALUE> 162617
<RECEIVABLES> 5816
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<TOTAL-ASSETS> 168584
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<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 368
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<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 133211
<SHARES-COMMON-STOCK> 2349<F1>
<SHARES-COMMON-PRIOR> 0<F1>
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 491
<ACCUMULATED-NET-GAINS> 6924
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 28572
<NET-ASSETS> 168216
<DIVIDEND-INCOME> 756
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<EXPENSES-NET> 1250
<NET-INVESTMENT-INCOME> (357)
<REALIZED-GAINS-CURRENT> 7265
<APPREC-INCREASE-CURRENT> 12979
<NET-CHANGE-FROM-OPS> 19887
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<DISTRIBUTIONS-OF-INCOME> 0<F1>
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<NUMBER-OF-SHARES-SOLD> 10945
<NUMBER-OF-SHARES-REDEEMED> 9798
<SHARES-REINVESTED> 228
<NET-CHANGE-IN-ASSETS> 33373
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 4435
<OVERDISTRIB-NII-PRIOR> 134
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 779
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 1312
<AVERAGE-NET-ASSETS> 33781<F1>
<PER-SHARE-NAV-BEGIN> 13.73<F1>
<PER-SHARE-NII> 0<F1>
<PER-SHARE-GAIN-APPREC> 0.77<F1>
<PER-SHARE-DIVIDEND> 0<F1>
<PER-SHARE-DISTRIBUTIONS> 0<F1>
<RETURNS-OF-CAPITAL> 0<F1>
<PER-SHARE-NAV-END> 14.50<F1>
<EXPENSE-RATIO> 1.96<F1>
<FN>
<F1>CLASS G SHARES
</FN>
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000802716
<NAME> THE VICTORY PORTFOLIOS
<SERIES>
<NUMBER> 101
<NAME> VICTORY GROWTH FUND
<MULTIPLIER> 1000
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> OCT-31-1999
<PERIOD-START> NOV-01-1998
<PERIOD-END> APR-30-1999
<INVESTMENTS-AT-COST> 232227
<INVESTMENTS-AT-VALUE> 373387
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<SENIOR-EQUITY> 0
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<SHARES-COMMON-STOCK> 15089
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<OVERDISTRIBUTION-NII> 350
<ACCUMULATED-NET-GAINS> 15071
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 141160
<NET-ASSETS> 361536
<DIVIDEND-INCOME> 1753
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<EXPENSES-NET> 2215
<NET-INVESTMENT-INCOME> (346)
<REALIZED-GAINS-CURRENT> 15084
<APPREC-INCREASE-CURRENT> 42437
<NET-CHANGE-FROM-OPS> 57175
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<DISTRIBUTIONS-OF-INCOME> 0
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<SHARES-REINVESTED> 936
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<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 22245
<OVERDISTRIB-NII-PRIOR> 4
<OVERDIST-NET-GAINS-PRIOR> 0
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<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 2359
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<PER-SHARE-NAV-BEGIN> 21.62
<PER-SHARE-NII> (0.02)
<PER-SHARE-GAIN-APPREC> 4.13
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<PER-SHARE-DISTRIBUTIONS> 1.77
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 23.96
<EXPENSE-RATIO> 1.39
<FN>
</FN>
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000802716
<NAME> THE VICTORY PORTFOLIOS
<SERIES>
<NUMBER> 111
<NAME> VICTORY BALANCED FUND
<MULTIPLIER> 1000
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> OCT-31-1999
<PERIOD-START> NOV-01-1998
<PERIOD-END> APR-30-1999
<INVESTMENTS-AT-COST> 420767
<INVESTMENTS-AT-VALUE> 524704
<RECEIVABLES> 7053
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<OTHER-ITEMS-LIABILITIES> 55499
<TOTAL-LIABILITIES> 60377
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 348023
<SHARES-COMMON-STOCK> 30255<F1>
<SHARES-COMMON-PRIOR> 28543<F1>
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 93
<ACCUMULATED-NET-GAINS> 19558
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 103937
<NET-ASSETS> 471425
<DIVIDEND-INCOME> 2072
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<NET-INVESTMENT-INCOME> 4541
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<APPREC-INCREASE-CURRENT> 25204
<NET-CHANGE-FROM-OPS> 49580
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 4702<F1>
<DISTRIBUTIONS-OF-GAINS> 26291<F1>
<DISTRIBUTIONS-OTHER> 0<F1>
<NUMBER-OF-SHARES-SOLD> 2137
<NUMBER-OF-SHARES-REDEEMED> 2188
<SHARES-REINVESTED> 1971
<NET-CHANGE-IN-ASSETS> 46342
<ACCUMULATED-NII-PRIOR> 112
<ACCUMULATED-GAINS-PRIOR> 26448
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 2232
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<GROSS-EXPENSE> 3402
<AVERAGE-NET-ASSETS> 442409<F1>
<PER-SHARE-NAV-BEGIN> 14.67<F1>
<PER-SHARE-NII> 0.15<F1>
<PER-SHARE-GAIN-APPREC> 1.52<F1>
<PER-SHARE-DIVIDEND> 0.16<F1>
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<RETURNS-OF-CAPITAL> 0<F1>
<PER-SHARE-NAV-END> 15.26<F1>
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<FN>
<F1>CLASS A SHARES
</FN>
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000802716
<NAME> THE VICTORY PORTFOLIOS
<SERIES>
<NUMBER> 112
<NAME> VICTORY BALANCED FUND
<MULTIPLIER> 1000
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> OCT-31-1999
<PERIOD-START> NOV-01-1998
<PERIOD-END> APR-30-1999
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<INVESTMENTS-AT-VALUE> 524704
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<SHARES-COMMON-PRIOR> 428<F1>
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<OVERDISTRIBUTION-NII> 93
<ACCUMULATED-NET-GAINS> 19558
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<ACCUM-APPREC-OR-DEPREC> 103937
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<APPREC-INCREASE-CURRENT> 25204
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<NUMBER-OF-SHARES-REDEEMED> 2188
<SHARES-REINVESTED> 1971
<NET-CHANGE-IN-ASSETS> 46342
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<ACCUMULATED-GAINS-PRIOR> 26448
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 2232
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<GROSS-EXPENSE> 3402
<AVERAGE-NET-ASSETS> 7912<F1>
<PER-SHARE-NAV-BEGIN> 14.68<F1>
<PER-SHARE-NII> 0.07<F1>
<PER-SHARE-GAIN-APPREC> 1.52<F1>
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<RETURNS-OF-CAPITAL> 0<F1>
<PER-SHARE-NAV-END> 15.27<F1>
<EXPENSE-RATIO> 2.34<F1>
<FN>
<F1>CLASS B SHARES
</FN>
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000802716
<NAME> THE VICTORY PORTFOLIOS
<SERIES>
<NUMBER> 121
<NAME> VICTORY VALUE FUND
<MULTIPLIER> 1000
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> OCT-31-1999
<PERIOD-START> NOV-01-1998
<PERIOD-END> APR-30-1999
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<ACCUM-APPREC-OR-DEPREC> 221296
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<GROSS-EXPENSE> 4071
<AVERAGE-NET-ASSETS> 564310
<PER-SHARE-NAV-BEGIN> 18.81
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<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 19.02
<EXPENSE-RATIO> 1.40
<FN>
</FN>
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000802716
<NAME> THE VICTORY PORTFOLIOS
<SERIES>
<NUMBER> 131
<NAME> VICTORY STOCK INDEX FUND
<MULTIPLIER> 1000
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> OCT-31-1999
<PERIOD-START> NOV-01-1998
<PERIOD-END> APR-30-1999
<INVESTMENTS-AT-COST> 641172
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<PER-SHARE-NAV-BEGIN> 21.03
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<EXPENSE-RATIO> 0.57
<FN>
</FN>
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000802716
<NAME> THE VICTORY PORTFOLIOS
<SERIES>
<NUMBER> 141
<NAME> VICTORY SPECIAL VALUE FUND
<MULTIPLIER> 1000
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> OCT-31-1999
<PERIOD-START> NOV-01-1998
<PERIOD-END> APR-30-1999
<INVESTMENTS-AT-COST> 271487
<INVESTMENTS-AT-VALUE> 298785
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<SHARES-COMMON-PRIOR> 25433<F1>
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<OVERDISTRIBUTION-GAINS> 0
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<NET-ASSETS> 274219
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<NET-CHANGE-IN-ASSETS> (74679)
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<ACCUMULATED-GAINS-PRIOR> 14014
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<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 1540
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 2380
<AVERAGE-NET-ASSETS> 308325<F1>
<PER-SHARE-NAV-BEGIN> 13.64<F1>
<PER-SHARE-NII> 0.04<F1>
<PER-SHARE-GAIN-APPREC> 0.43<F1>
<PER-SHARE-DIVIDEND> 0.05<F1>
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<RETURNS-OF-CAPITAL> 0<F1>
<PER-SHARE-NAV-END> 13.48<F1>
<EXPENSE-RATIO> 1.43<F1>
<FN>
<F1>CLASS A SHARES
</FN>
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000802716
<NAME> THE VICTORY PORTFOLIOS
<SERIES>
<NUMBER> 142
<NAME> VICTORY SPECIAL VALUE FUND
<MULTIPLIER> 1000
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> OCT-31-1999
<PERIOD-START> NOV-01-1998
<PERIOD-END> APR-30-1999
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<APPREC-INCREASE-CURRENT> 873
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<ACCUMULATED-GAINS-PRIOR> 14014
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<GROSS-EXPENSE> 2380
<AVERAGE-NET-ASSETS> 1832<F1>
<PER-SHARE-NAV-BEGIN> 13.38<F1>
<PER-SHARE-NII> (0.07)<F1>
<PER-SHARE-GAIN-APPREC> 0.45<F1>
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<EXPENSE-RATIO> 2.69<F1>
<FN>
<F1>CLASS B SHARES
</FN>
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000802716
<NAME> THE VICTORY PORTFOLIOS
<SERIES>
<NUMBER> 151
<NAME> VICTORY SMALL COMPANY OPPORTUNITY FUND
<MULTIPLIER> 1000
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<FN>
<F1>CLASS A SHARES
</FN>
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000802716
<NAME> THE VICTORY PORTFOLIOS
<SERIES>
<NUMBER> 152
<NAME> VICTORY SMALL COMPANY OPPORTUNITY FUND
<MULTIPLIER> 1000
<S> <C>
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<FN>
<F1>CLASS G SHARES
</FN>
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000802716
<NAME> THE VICTORY PORTFOLIOS
<SERIES>
<NUMBER> 161
<NAME> VICTORY INVESTMENT QUALITY BOND FUND
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<S> <C>
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<FN>
</FN>
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000802716
<NAME> THE VICTORY PORTFOLIOS
<SERIES>
<NUMBER> 171
<NAME> VICTORY INTERMEDIATE INCOME FUND
<MULTIPLIER> 1000
<S> <C>
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<FN>
</FN>
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000802716
<NAME> THE VICTORY PORTFOLIOS
<SERIES>
<NUMBER> 181
<NAME> VICTORY FUND FOR INCOME FUND
<MULTIPLIER> 1000
<S> <C>
<PERIOD-TYPE> 6-MOS
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<PER-SHARE-NAV-END> 13.13<F1>
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<FN>
<F1>CLASS A SHARES
</FN>
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000802716
<NAME> THE VICTORY PORTFOLIOS
<SERIES>
<NUMBER> 182
<NAME> VICTORY FUND FOR INCOME FUND
<MULTIPLIER> 1000
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> OCT-31-1999
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<INVESTMENTS-AT-VALUE> 189389
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<FN>
<F1>CLASS G SHARES
</FN>
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000802716
<NAME> THE VICTORY PORTFOLIOS
<SERIES>
<NUMBER> 191
<NAME> VICTORY NATIONAL MUNICIPAL BOND FUND
<MULTIPLIER> 1000
<S> <C>
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<FN>
<F1>CLASS A SHARES
</FN>
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000802716
<NAME> THE VICTORY PORTFOLIOS
<SERIES>
<NUMBER> 192
<NAME> VICTORY NATIONAL MUNICIPAL BOND FUND
<MULTIPLIER> 1000
<S> <C>
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<FN>
<F1>CLASS B SHARES
</FN>
</TABLE>
<TABLE> <S> <C>
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<CIK> 0000802716
<NAME> THE VICTORY PORTFOLIOS
<SERIES>
<NUMBER> 211
<NAME> VICTORY NEW YORK TAX-FREE FUND
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<FN>
<F1>CLASS A SHARES
</FN>
</TABLE>
<TABLE> <S> <C>
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<CIK> 0000802716
<NAME> THE VICTORY PORTFOLIOS
<SERIES>
<NUMBER> 212
<NAME> VICTORY NEW YORK TAX-FREE FUND
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<F1>CLASS B SHARES
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<NAME> THE VICTORY PORTFOLIOS
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<NAME> VICTORY FINANCIAL RESERVES FUND
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<FN>
</FN>
</TABLE>
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<CIK> 0000802716
<NAME> THE VICTORY PORTFOLIOS
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<NUMBER> 231
<NAME> VICTORY INSTITUTIONAL MONEY MARKET FUND
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<S> <C>
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<FN>
<F1>INVESTOR SHARES
</FN>
</TABLE>
<TABLE> <S> <C>
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<CIK> 0000802716
<NAME> THE VICTORY PORTFOLIOS
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<NUMBER> 232
<NAME> VICTORY INSTITUTIONAL MONEY MARKET FUND
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<S> <C>
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<F1>SELECT SHARES
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<CIK> 0000802716
<NAME> THE VICTORY PORTFOLIOS
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<FN>
</FN>
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<CIK> 0000802716
<NAME> THE VICTORY PORTFOLIOS
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<FN>
</FN>
</TABLE>
<TABLE> <S> <C>
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<CIK> 0000802716
<NAME> THE VICTORY PORTFOLIOS
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<FN>
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<CIK> 0000802716
<NAME> THE VICTORY PORTFOLIOS
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<NAME> VICTORY FEDERAL MONEY MARKET FUND
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<F1>INVESTOR SHARES
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<NAME> THE VICTORY PORTFOLIOS
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<RETURNS-OF-CAPITAL> 0<F1>
<PER-SHARE-NAV-END> 1.000<F1>
<EXPENSE-RATIO> 0.53<F1>
<FN>
<F1>SELECT SHARES
</FN>
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000802716
<NAME> THE VICTORY PORTFOLIOS
<SERIES>
<NUMBER> 281
<NAME> VICTORY CONVERTIBLE SECURITIES FUND
<MULTIPLIER> 1000
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> OCT-31-1999
<PERIOD-START> NOV-01-1998
<PERIOD-END> APR-30-1999
<INVESTMENTS-AT-COST> 99443
<INVESTMENTS-AT-VALUE> 101012
<RECEIVABLES> 1160
<ASSETS-OTHER> 26
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 102198
<PAYABLE-FOR-SECURITIES> 734
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 11313
<TOTAL-LIABILITIES> 12047
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 79185
<SHARES-COMMON-STOCK> 6769
<SHARES-COMMON-PRIOR> 8842
<ACCUMULATED-NII-CURRENT> 446
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 8951
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 1569
<NET-ASSETS> 90151
<DIVIDEND-INCOME> 1474
<INTEREST-INCOME> 1578
<OTHER-INCOME> 2
<EXPENSES-NET> 612
<NET-INVESTMENT-INCOME> 2442
<REALIZED-GAINS-CURRENT> 9082
<APPREC-INCREASE-CURRENT> (72)
<NET-CHANGE-FROM-OPS> 11452
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 2766
<DISTRIBUTIONS-OF-GAINS> 213
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 1030
<NUMBER-OF-SHARES-REDEEMED> 3277
<SHARES-REINVESTED> 174
<NET-CHANGE-IN-ASSETS> (17918)
<ACCUMULATED-NII-PRIOR> 770
<ACCUMULATED-GAINS-PRIOR> 82
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 372
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 612
<AVERAGE-NET-ASSETS> 99905
<PER-SHARE-NAV-BEGIN> 12.22
<PER-SHARE-NII> 0.33
<PER-SHARE-GAIN-APPREC> 1.15
<PER-SHARE-DIVIDEND> 0.35
<PER-SHARE-DISTRIBUTIONS> 0.03
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 13.32
<EXPENSE-RATIO> 1.24
<FN>
</FN>
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000802716
<NAME> THE VICTORY PORTFOLIOS
<SERIES>
<NUMBER> 291
<NAME> VICTORY LIFECHOICE GROWTH INVESTOR FUND
<MULTIPLIER> 1000
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> OCT-31-1999
<PERIOD-START> NOV-01-1998
<PERIOD-END> APR-30-1999
<INVESTMENTS-AT-COST> 15843
<INVESTMENTS-AT-VALUE> 16148
<RECEIVABLES> 6
<ASSETS-OTHER> 38
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 16192
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 34
<TOTAL-LIABILITIES> 34
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 15366
<SHARES-COMMON-STOCK> 1351
<SHARES-COMMON-PRIOR> 1085
<ACCUMULATED-NII-CURRENT> 11
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 476
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 305
<NET-ASSETS> 16158
<DIVIDEND-INCOME> 105
<INTEREST-INCOME> 0
<OTHER-INCOME> 0
<EXPENSES-NET> 13
<NET-INVESTMENT-INCOME> 92
<REALIZED-GAINS-CURRENT> 489
<APPREC-INCREASE-CURRENT> 952
<NET-CHANGE-FROM-OPS> 1533
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 191
<DISTRIBUTIONS-OF-GAINS> 338
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 364
<NUMBER-OF-SHARES-REDEEMED> 144
<SHARES-REINVESTED> 46
<NET-CHANGE-IN-ASSETS> 4140
<ACCUMULATED-NII-PRIOR> 110
<ACCUMULATED-GAINS-PRIOR> 325
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 13
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 69
<AVERAGE-NET-ASSETS> 13261
<PER-SHARE-NAV-BEGIN> 11.08
<PER-SHARE-NII> 0.08
<PER-SHARE-GAIN-APPREC> 1.28
<PER-SHARE-DIVIDEND> 0.17
<PER-SHARE-DISTRIBUTIONS> 0.31
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 11.96
<EXPENSE-RATIO> 0.20
<FN>
</FN>
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000802716
<NAME> THE VICTORY PORTFOLIOS
<SERIES>
<NUMBER> 301
<NAME> VICTORY LIFECHOICE MODERATE INVESTOR FUND
<MULTIPLIER> 1000
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> OCT-31-1999
<PERIOD-START> NOV-01-1998
<PERIOD-END> APR-30-1999
<INVESTMENTS-AT-COST> 25525
<INVESTMENTS-AT-VALUE> 26053
<RECEIVABLES> 4
<ASSETS-OTHER> 36
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 26093
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 35
<TOTAL-LIABILITIES> 35
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 24941
<SHARES-COMMON-STOCK> 2233
<SHARES-COMMON-PRIOR> 1749
<ACCUMULATED-NII-CURRENT> 44
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 545
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 528
<NET-ASSETS> 26058
<DIVIDEND-INCOME> 299
<INTEREST-INCOME> 0
<OTHER-INCOME> 0
<EXPENSES-NET> 22
<NET-INVESTMENT-INCOME> 277
<REALIZED-GAINS-CURRENT> 556
<APPREC-INCREASE-CURRENT> 1434
<NET-CHANGE-FROM-OPS> 2267
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 378
<DISTRIBUTIONS-OF-GAINS> 434
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 783
<NUMBER-OF-SHARES-REDEEMED> 371
<SHARES-REINVESTED> 72
<NET-CHANGE-IN-ASSETS> 6930
<ACCUMULATED-NII-PRIOR> 145
<ACCUMULATED-GAINS-PRIOR> 423
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 21
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 78
<AVERAGE-NET-ASSETS> 21453
<PER-SHARE-NAV-BEGIN> 10.94
<PER-SHARE-NII> 0.15
<PER-SHARE-GAIN-APPREC> 1.04
<PER-SHARE-DIVIDEND> 0.21
<PER-SHARE-DISTRIBUTIONS> 0.25
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 11.67
<EXPENSE-RATIO> 0.20
<FN>
</FN>
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000802716
<NAME> THE VICTORY PORTFOLIOS
<SERIES>
<NUMBER> 311
<NAME> VICTORY LIFECHOICE CONSERVATIVE INVESTOR FUND
<MULTIPLIER> 1000
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> OCT-31-1999
<PERIOD-START> NOV-01-1998
<PERIOD-END> APR-30-1999
<INVESTMENTS-AT-COST> 8209
<INVESTMENTS-AT-VALUE> 8294
<RECEIVABLES> 2
<ASSETS-OTHER> 28
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 8324
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 32
<TOTAL-LIABILITIES> 32
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 8180
<SHARES-COMMON-STOCK> 750
<SHARES-COMMON-PRIOR> 712
<ACCUMULATED-NII-CURRENT> 28
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 85
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> (1)
<NET-ASSETS> 8292
<DIVIDEND-INCOME> 175
<INTEREST-INCOME> 0
<OTHER-INCOME> 0
<EXPENSES-NET> 8
<NET-INVESTMENT-INCOME> 167
<REALIZED-GAINS-CURRENT> 96
<APPREC-INCREASE-CURRENT> 409
<NET-CHANGE-FROM-OPS> 672
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 265
<DISTRIBUTIONS-OF-GAINS> 162
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 140
<NUMBER-OF-SHARES-REDEEMED> 142
<SHARES-REINVESTED> 40
<NET-CHANGE-IN-ASSETS> 659
<ACCUMULATED-NII-PRIOR> 126
<ACCUMULATED-GAINS-PRIOR> 65
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 8
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 58
<AVERAGE-NET-ASSETS> 7996
<PER-SHARE-NAV-BEGIN> 10.72
<PER-SHARE-NII> 0.22
<PER-SHARE-GAIN-APPREC> 0.69
<PER-SHARE-DIVIDEND> 0.36
<PER-SHARE-DISTRIBUTIONS> 0.22
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 11.05
<EXPENSE-RATIO> 0.20
<FN>
</FN>
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000802716
<NAME> THE VICTORY PORTFOLIOS
<SERIES>
<NUMBER> 321
<NAME> VICTORY ESTABLISHED VALUE FUND
<MULTIPLIER> 1000
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> OCT-31-1999
<PERIOD-START> APR-01-1999
<PERIOD-END> APR-30-1999
<INVESTMENTS-AT-COST> 317153
<INVESTMENTS-AT-VALUE> 521943
<RECEIVABLES> 184
<ASSETS-OTHER> 353
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 522480
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 1093
<TOTAL-LIABILITIES> 1093
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 291307
<SHARES-COMMON-STOCK> 14939
<SHARES-COMMON-PRIOR> 15282
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 135
<ACCUMULATED-NET-GAINS> 25425
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 204790
<NET-ASSETS> 521387
<DIVIDEND-INCOME> 154
<INTEREST-INCOME> 44
<OTHER-INCOME> 0
<EXPENSES-NET> 457
<NET-INVESTMENT-INCOME> (259)
<REALIZED-GAINS-CURRENT> 243
<APPREC-INCREASE-CURRENT> 53656
<NET-CHANGE-FROM-OPS> 53640
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 133
<NUMBER-OF-SHARES-REDEEMED> 476
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> 42403
<ACCUMULATED-NII-PRIOR> 124
<ACCUMULATED-GAINS-PRIOR> 25182
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 210
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 513
<AVERAGE-NET-ASSETS> 501483
<PER-SHARE-NAV-BEGIN> 31.34
<PER-SHARE-NII> (0.01)
<PER-SHARE-GAIN-APPREC> 3.57
<PER-SHARE-DIVIDEND> 0
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 34.90
<EXPENSE-RATIO> 1.10
<FN>
</FN>
</TABLE>
