<PAGE> PAGE 1
000 A000000 04/30/98
000 C000000 810271
000 D000000 N
000 E000000 NF
000 F000000 Y
000 G000000 N
000 H000000 N
000 I000000 3.0
000 J000000 A
001 A000000 CONCERT INVESTMENT SERIES
001 B000000 811-5018
001 C000000 2128166550
002 A000000 388 GREENWICH STREET
002 B000000 NEW YORK
002 C000000 NY
002 D010000 11218
003 000000 N
004 000000 N
005 000000 N
006 000000 N
007 A000000 Y
007 B000000 6
007 C010100 1
007 C020100 EMERGING GROWTH FUND
007 C030100 N
007 C010200 2
007 C020200 GROWTH FUND
007 C030200 N
007 C010300 3
007 C020300 GROWTH AND INCOME FUND
007 C030300 N
007 C010400 4
007 C020400 INTERNATIONAL EQUITY FUND
007 C030400 N
007 C010500 5
007 C020500 GOVERNMENT FUND
007 C030500 N
007 C010600 6
007 C020600 MUNICIPAL FUND
007 C030600 N
007 C010700 7
007 C010800 8
007 C010900 9
007 C011000 10
008 A00AA01 MUTUAL MANAGEMENT GORP.
008 B00AA01 A
008 C00AA01 801-3389
008 D01AA01 NEW YORK
008 D02AA01 NY
008 D03AA01 10013
010 A00AA01 MUTUAL MANAGEMENT CROP.
<PAGE> PAGE 2
010 B00AA01 801-14437
010 C01AA01 NEW YORK
010 C02AA01 NY
010 C03AA01 10013
011 A00AA01 PFS DISTRIBUTORS, INC.
011 B00AA01 8-00000000
011 C01AA01 DULUTH
011 C02AA01 GA
011 C03AA01 30199
012 A00AA01 FIRST DTAT INVESTOR SERVICES GROUP, INC.
012 B00AA01 84-0000000
012 C01AA01 BOSTON
012 C02AA01 MA
012 C03AA01 02109
013 A00AA01 ERNST AND YOUNG
013 B01AA01 NEW YORK
013 B02AA01 NY
013 B03AA01 00000
018 00AA00 Y
019 A00AA00 Y
019 B00AA00 147
019 C00AA00 BARNEY0000
020 A000001 OPPENHEIMER
020 B000001 13-2798343
020 C000001 551
020 A000002 PAINE WEBBER
020 B000002 13-2638166
020 C000002 350
020 A000003 J.P. MORGAN
020 B000003 13-3224016
020 C000003 349
020 A000004 SMITH BARNEY
020 B000004 13-1912900
020 C000004 347
020 A000005 MORGAN STANLEY
020 B000005 13-2655998
020 C000005 310
020 A000006 GOLDMAN SACHS
020 B000006 13-5108880
020 C000006 287
020 A000007 CS FIRST BOSTON
020 B000007 13-5659485
020 C000007 264
020 A000008 MONTGOMERY SECURITIES
020 B000008 N/A
020 C000008 243
020 A000009 COWEN & CO.
020 B000009 N/A
020 C000009 216
020 A000010 SANFORD BERNSTEIN
020 B000010 N/A
<PAGE> PAGE 3
020 C000010 202
021 000000 3119
022 A000001 CHASE SECURITIES
022 B000001 13-5227302
022 C000001 23354901
022 D000001 2971
022 A000002 MORGAN STANLEY
022 B000002 13-2655998
022 C000002 479218
022 D000002 79793
022 A000003 GOLDMAN SACHS
022 B000003 13-5108880
022 C000003 114800
022 D000003 57816
022 A000004 MERRILL LYNCH
022 B000004 13-5674085
022 C000004 102765
022 D000004 52687
022 A000005 DONALDSON, LUFKIN & JENRETTE SECURITIES
022 B000005 13-2741729
022 C000005 126899
022 D000005 11312
022 A000006 CS FIRST BOSTON
022 B000006 13-5659485
022 C000006 58843
022 D000006 9387
022 A000007 FURMAN SELF MAGER DIETZ LLC
022 B000007 N/A
022 C000007 19438
022 D000007 32376
022 A000008 PAINE WEBBER
022 B000008 13-2638166
022 C000008 32598
022 D000008 16493
022 A000009 PRUDENTIAL SECURITIES
022 B000009 22-2347336
022 C000009 33153
022 D000009 969
022 A000010 ALEX BROWN & SON
022 B000010 N/A
022 C000010 10168
022 D000010 20622
023 C000000 24332783
023 D000000 284426
024 00AA00 N
027 000000 Y
077 A000000 N
015 A000101 PNC BANK
015 B000101 C
015 C010101 PHILADELPHIA
015 C020101 PA
<PAGE> PAGE 4
015 C030101 19103
015 E010101 X
028 A010100 5490
028 A020100 1851
028 A030100 0
028 A040100 1692
028 B010100 6536
028 B020100 0
028 B030100 0
028 B040100 2883
028 C010100 5535
028 C020100 0
028 C030100 0
028 C040100 2702
028 D010100 6549
028 D020100 0
028 D030100 0
028 D040100 3886
028 E010100 7997
028 E020100 0
028 E030100 0
028 E040100 4491
028 F010100 10508
028 F020100 0
028 F030100 0
028 F040100 5507
028 G010100 42615
028 G020100 1851
028 G030100 0
028 G040100 21161
028 H000100 23343
029 000100 N
030 A000100 0
030 B000100 0.00
030 C000100 0.00
031 A000100 0
031 B000100 0
032 000100 0
033 000100 0
034 000100 N
035 000100 0
036 B000100 0
037 000100 N
038 000100 0
039 000100 N
040 000100 Y
041 000100 Y
042 A000100 0
042 B000100 0
042 C000100 0
042 D000100 0
<PAGE> PAGE 5
042 E000100 0
042 F000100 0
042 G000100 0
042 H000100 0
043 000100 571
044 000100 0
045 000100 Y
046 000100 N
047 000100 Y
048 000100 0.000
048 A010100 1000000
048 A020100 0.650
048 B010100 1000000
048 B020100 0.600
048 C010100 1000000
048 C020100 0.550
048 D010100 1000000
048 D020100 0.500
048 E010100 0
048 E020100 0.000
048 F010100 0
048 F020100 0.000
048 G010100 0
048 G020100 0.000
048 H010100 0
048 H020100 0.000
048 I010100 0
048 I020100 0.000
048 J010100 0
048 J020100 0.000
048 K010100 0
048 K020100 0.000
062 A000100 N
062 B000100 0.0
062 C000100 0.0
062 D000100 0.0
062 E000100 0.0
062 F000100 0.0
062 G000100 0.0
062 H000100 0.0
062 I000100 0.0
062 J000100 0.0
062 K000100 0.0
062 L000100 0.0
062 M000100 0.0
062 N000100 0.0
062 O000100 0.0
062 P000100 0.0
062 Q000100 0.0
062 R000100 0.0
063 A000100 0
<PAGE> PAGE 6
063 B000100 0.0
066 A000100 Y
066 C000100 Y
067 000100 N
068 A000100 N
068 B000100 N
069 000100 N
070 A010100 Y
070 A020100 Y
070 B010100 Y
070 B020100 N
070 C010100 Y
070 C020100 N
070 D010100 Y
070 D020100 N
070 E010100 Y
070 E020100 N
070 F010100 Y
070 F020100 Y
070 G010100 Y
070 G020100 N
070 H010100 Y
070 H020100 N
070 I010100 Y
070 I020100 N
070 J010100 Y
070 J020100 N
070 K010100 N
070 K020100 N
070 L010100 Y
070 L020100 N
070 M010100 Y
070 M020100 N
070 N010100 Y
070 N020100 Y
070 O010100 N
070 O020100 N
070 P010100 N
070 P020100 N
070 Q010100 N
070 Q020100 N
070 R010100 Y
070 R020100 N
071 A000100 94746
071 B000100 113207
071 C000100 190695
071 D000100 50
072 A000100 6
072 B000100 388
072 C000100 264
072 D000100 0
<PAGE> PAGE 7
072 E000100 0
072 F000100 658
072 G000100 0
072 H000100 0
072 I000100 408
072 J000100 4
072 K000100 0
072 L000100 22
072 M000100 9
072 N000100 53
072 O000100 0
072 P000100 0
072 Q000100 0
072 R000100 10
072 S000100 0
072 T000100 571
072 U000100 2
072 V000100 0
072 W000100 30
072 X000100 1767
072 Y000100 0
072 Z000100 -1115
072AA000100 20037
072BB000100 0
072CC010100 8788
072CC020100 0
072DD010100 0
072DD020100 0
072EE000100 1854
073 A010100 0.0000
073 A020100 0.0000
073 B000100 0.2100
073 C000100 0.0000
074 A000100 1
074 B000100 16486
074 C000100 507
074 D000100 0
074 E000100 0
074 F000100 219048
074 G000100 0
074 H000100 0
074 I000100 0
074 J000100 1489
074 K000100 0
074 L000100 211
074 M000100 42170
074 N000100 279912
074 O000100 1674
074 P000100 127
074 Q000100 0
074 R010100 0
<PAGE> PAGE 8
074 R020100 0
074 R030100 0
074 R040100 42551
074 S000100 0
074 T000100 235560
074 U010100 5037
074 U020100 4190
074 V010100 24.92
074 V020100 24.32
074 W000100 0.0000
074 X000100 68
074 Y000100 42152
075 A000100 0
075 B000100 205191
076 000100 0.00
015 A000201 PNC BANK
015 B000201 C
015 C010201 PHILADELPHIA
015 C020201 PA
015 C030201 19103
015 E010201 X
028 A010200 22204
028 A020200 0
028 A030200 0
028 A040200 29755
028 B010200 26551
028 B020200 638155
028 B030200 0
028 B040200 41878
028 C010200 23943
028 C020200 0
028 C030200 0
028 C040200 36420
028 D010200 28557
028 D020200 0
028 D030200 0
028 D040200 45546
028 E010200 36274
028 E020200 0
028 E030200 0
028 E040200 65005
028 F010200 45581
028 F020200 0
028 F030200 0
028 F040200 67457
028 G010200 183110
028 G020200 638155
028 G030200 0
028 G040200 286061
028 H000200 151433
029 000200 N
<PAGE> PAGE 9
030 A000200 0
030 B000200 0.00
030 C000200 0.00
034 000200 N
035 000200 0
036 B000200 0
037 000200 N
038 000200 0
039 000200 N
040 000200 Y
041 000200 Y
042 A000200 0
042 B000200 0
042 C000200 0
042 D000200 0
042 E000200 0
042 F000200 0
042 G000200 0
042 H000200 0
043 000200 874
044 000200 0
045 000200 Y
046 000200 N
047 000200 Y
048 000200 0.000
048 A010200 1000000
048 A020200 0.065
048 B010200 1000000
048 B020200 0.060
048 C010200 1000000
048 C020200 0.055
048 D010200 1000000
048 D020200 0.050
048 E010200 4000000
048 E020200 0.045
048 F010200 0
048 F020200 0.000
048 G010200 0
048 G020200 0.000
048 H010200 0
048 H020200 0.000
048 I010200 0
048 I020200 0.000
048 J010200 0
048 J020200 0.000
048 K010200 0
048 K020200 0.000
062 A000200 N
062 B000200 0.0
062 C000200 0.0
062 D000200 0.0
<PAGE> PAGE 10
062 E000200 0.0
062 F000200 0.0
062 G000200 0.0
062 H000200 0.0
062 I000200 0.0
062 J000200 0.0
062 K000200 0.0
062 L000200 0.0
062 M000200 0.0
062 N000200 0.0
062 O000200 0.0
062 P000200 0.0
062 Q000200 0.0
062 R000200 0.0
063 A000200 0
063 B000200 0.0
066 A000200 Y
066 D000200 Y
067 000200 N
068 A000200 N
068 B000200 N
069 000200 N
070 A010200 Y
070 A020200 Y
070 B010200 Y
070 B020200 N
070 C010200 Y
070 C020200 Y
070 D010200 Y
070 D020200 N
070 E010200 Y
070 E020200 N
070 F010200 Y
070 F020200 N
070 G010200 Y
070 G020200 N
070 H010200 Y
070 H020200 Y
070 I010200 Y
070 I020200 N
070 J010200 Y
070 J020200 N
070 K010200 Y
070 K020200 N
070 L010200 Y
070 L020200 Y
070 M010200 Y
070 M020200 N
070 N010200 Y
070 N020200 Y
070 O010200 Y
<PAGE> PAGE 11
070 O020200 N
070 P010200 Y
070 P020200 N
070 Q010200 Y
070 Q020200 N
070 R010200 N
070 R020200 N
071 A000200 3167539
071 B000200 3105031
071 C000200 3791444
071 D000200 82
072 A000200 6
072 B000200 11328
072 C000200 19659
072 D000200 0
072 E000200 0
072 F000200 11428
072 G000200 0
072 H000200 0
072 I000200 3432
072 J000200 104
072 K000200 0
072 L000200 0
072 M000200 125
072 N000200 0
072 O000200 0
072 P000200 0
072 Q000200 0
072 R000200 16
072 S000200 8
072 T000200 874
072 U000200 0
072 V000200 636
072 W000200 285
072 X000200 16908
072 Y000200 0
072 Z000200 14079
072AA000200 408816
072BB000200 0
072CC010200 259805
072CC020200 0
072DD010200 29491
072DD020200 0
072EE000200 613
073 A010200 0.1717
073 A020200 0.1226
073 B000200 3.4129
073 C000200 0.0000
074 A000200 0
074 B000200 0
074 C000200 0
<PAGE> PAGE 12
074 D000200 0
074 E000200 0
074 F000200 4365016
074 G000200 0
074 H000200 0
074 I000200 0
074 J000200 37655
074 K000200 0
074 L000200 0
074 M000200 760165
074 N000200 5162836
074 O000200 0
074 P000200 0
074 Q000200 0
074 R010200 0
074 R020200 0
074 R030200 0
074 R040200 805444
074 S000200 0
074 T000200 4357392
074 U010200 7732
074 U020200 203862
074 V010200 20.57
074 V020200 20.47
074 W000200 0.0000
074 X000200 466
074 Y000200 0
075 A000200 0
075 B000200 3502534
076 000200 0.00
015 A000301 PNC BANK
015 B000301 C
015 C010301 PHILADELPHIA
015 C020301 PA
015 C030301 09103
015 E010301 X
028 A010300 12021
028 A020300 0
028 A030300 0
028 A040300 11835
028 B010300 12124
028 B020300 206900
028 B030300 0
028 B040300 15250
028 C010300 13906
028 C020300 0
028 C030300 0
028 C040300 16397
028 D010300 10020
028 D020300 0
028 D030300 0
<PAGE> PAGE 13
028 D040300 19025
028 E010300 16488
028 E020300 3355
028 E030300 0
028 E040300 24857
028 F010300 19742
028 F020300 0
028 F030300 0
028 F040300 26952
028 G010300 84301
028 G020300 210255
028 G030300 0
028 G040300 114316
028 H000300 59842
029 000300 N
030 A000300 0
030 B000300 0.00
030 C000300 0.00
034 000300 N
035 000300 0
036 B000300 0
037 000300 N
038 000300 0
039 000300 N
040 000300 Y
041 000300 Y
042 A000300 0
042 B000300 0
042 C000300 0
042 D000300 0
042 E000300 0
042 F000300 0
042 G000300 0
042 H000300 0
043 000300 675
044 000300 0
045 000300 Y
046 000300 Y
047 000300 Y
048 000300 0.000
048 A010300 1000
048 A020300 0.065
048 B010300 1000
048 B020300 0.060
048 C010300 1000
048 C020300 0.055
048 D010300 1000
048 D020300 0.050
048 E010300 4000
048 E020300 0.045
048 F010300 0
<PAGE> PAGE 14
048 F020300 0.000
048 G010300 0
048 G020300 0.000
048 H010300 0
048 H020300 0.000
048 I010300 0
048 I020300 0.000
048 J010300 0
048 J020300 0.000
048 K010300 0
048 K020300 0.000
062 A000300 N
062 B000300 0.0
062 C000300 0.0
062 D000300 0.0
062 E000300 0.0
062 F000300 0.0
062 G000300 0.0
062 H000300 0.0
062 I000300 0.0
062 J000300 0.0
062 K000300 0.0
062 L000300 0.0
062 M000300 0.0
062 N000300 0.0
062 O000300 0.0
062 P000300 0.0
062 Q000300 0.0
062 R000300 0.0
063 A000300 0
063 B000300 0.0
066 A000300 Y
066 E000300 Y
067 000300 N
068 A000300 N
068 B000300 N
069 000300 N
070 A010300 Y
070 A020300 Y
070 B010300 Y
070 B020300 N
070 C010300 Y
070 C020300 N
070 D010300 N
070 D020300 N
070 E010300 N
070 E020300 N
070 F010300 Y
070 F020300 Y
070 G010300 Y
070 G020300 N
<PAGE> PAGE 15
070 H010300 Y
070 H020300 N
070 I010300 N
070 I020300 N
070 J010300 Y
070 J020300 Y
070 K010300 N
070 K020300 N
070 L010300 Y
070 L020300 Y
070 M010300 N
070 M020300 N
070 N010300 Y
070 N020300 Y
070 O010300 N
070 O020300 N
070 P010300 N
070 P020300 N
070 Q010300 N
070 Q020300 N
070 R010300 Y
070 R020300 N
071 A000300 504776
071 B000300 447146
071 C000300 1432512
071 D000300 31
072 A000300 6
072 B000300 4035
072 C000300 9226
072 D000300 0
072 E000300 0
072 F000300 4260
072 G000300 0
072 H000300 0
072 I000300 955
072 J000300 32
072 K000300 0
072 L000300 0
072 M000300 52
072 N000300 71
072 O000300 0
072 P000300 0
072 Q000300 0
072 R000300 12
072 S000300 5
072 T000300 675
072 U000300 0
072 V000300 173
072 W000300 145
072 X000300 6380
072 Y000300 0
<PAGE> PAGE 16
072 Z000300 6881
072AA000300 49089
072BB000300 0
072CC010300 167597
072CC020300 0
072DD010300 6743
072DD020300 453
072EE000300 206407
073 A010300 0.1200
073 A020300 0.1000
073 B000300 3.2500
073 C000300 0.0000
074 A000300 350
074 B000300 35304
074 C000300 0
074 D000300 60860
074 E000300 10021
074 F000300 1361631
074 G000300 0
074 H000300 0
074 I000300 0
074 J000300 1410
074 K000300 0
074 L000300 1235
074 M000300 184549
074 N000300 1655360
074 O000300 1759
074 P000300 0
074 Q000300 0
074 R010300 0
074 R020300 0
074 R030300 0
074 R040300 186182
074 S000300 0
074 T000300 1467419
074 U010300 61804
074 U020300 5758
074 V010300 19.76
074 V020300 19.76
074 W000300 0.0000
074 X000300 139
074 Y000300 0
075 A000300 0
075 B000300 1432
076 000300 0.00
015 A000401 CHASE MANHATTAN BANK
015 B000401 C
015 C010401 BROOKLYN
015 C020401 NY
015 C030401 11245
015 E010401 X
<PAGE> PAGE 17
028 A010400 701
028 A020400 0
028 A030400 0
028 A040400 336
028 B010400 671
028 B020400 0
028 B030400 0
028 B040400 444
028 C010400 569
028 C020400 0
028 C030400 0
028 C040400 614
028 D010400 709
028 D020400 0
028 D030400 0
028 D040400 705
028 E010400 974
028 E020400 0
028 E030400 0
028 E040400 837
028 F010400 1396
028 F020400 0
028 F030400 0
028 F040400 777
028 G010400 5020
028 G020400 0
028 G030400 0
028 G040400 3713
028 H000400 2465
029 000400 N
030 A000400 0
030 B000400 0.00
030 C000400 0.00
031 A000400 0
031 B000400 0
032 000400 0
033 000400 0
034 000400 N
035 000400 0
036 B000400 0
037 000400 N
038 000400 0
039 000400 N
040 000400 Y
041 000400 Y
042 A000400 0
042 B000400 0
042 C000400 0
042 D000400 0
042 E000400 0
042 F000400 0
<PAGE> PAGE 18
042 G000400 0
042 H000400 100
043 000400 98
044 000400 0
045 000400 Y
046 000400 N
047 000400 Y
048 000400 1.000
048 A010400 0
048 A020400 0.000
048 B010400 0
048 B020400 0.000
048 C010400 0
048 C020400 0.000
048 D010400 0
048 D020400 0.000
048 E010400 0
048 E020400 0.000
048 F010400 0
048 F020400 0.000
048 G010400 0
048 G020400 0.000
048 H010400 0
048 H020400 0.000
048 I010400 0
048 I020400 0.000
048 J010400 0
048 J020400 0.000
048 K010400 0
048 K020400 0.000
049 000400 N
050 000400 N
051 000400 N
052 000400 N
053 A000400 N
055 A000400 N
055 B000400 N
056 000400 N
057 000400 N
058 A000400 N
059 000400 N
060 A000400 Y
060 B000400 Y
061 000400 1
062 A000400 N
062 B000400 0.0
062 C000400 0.0
062 D000400 0.0
062 E000400 0.0
062 F000400 0.0
062 G000400 0.0
<PAGE> PAGE 19
062 H000400 0.0
062 I000400 0.0
062 J000400 0.0
062 K000400 0.0
062 L000400 0.0
062 M000400 0.0
062 N000400 0.0
062 O000400 0.0
062 P000400 0.0
062 Q000400 0.0
062 R000400 0.0
066 A000400 Y
066 E000400 Y
067 000400 N
068 A000400 N
068 B000400 Y
069 000400 N
070 A010400 Y
070 A020400 Y
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 Y
070 K010400 Y
070 K020400 N
070 L010400 Y
070 L020400 Y
070 M010400 Y
070 M020400 N
070 N010400 Y
070 N020400 Y
070 O010400 Y
070 O020400 N
070 P010400 N
070 P020400 N
070 Q010400 N
070 Q020400 N
<PAGE> PAGE 20
070 R010400 Y
070 R020400 N
071 A000400 8789
071 B000400 7727
071 C000400 34324
071 D000400 23
072 A000400 6
072 B000400 19
072 C000400 93
072 D000400 0
072 E000400 0
072 F000400 172
072 G000400 0
072 H000400 0
072 I000400 73
072 J000400 33
072 K000400 0
072 L000400 8
072 M000400 9
072 N000400 51
072 O000400 0
072 P000400 0
072 Q000400 0
072 R000400 13
072 S000400 2
072 T000400 97
072 U000400 2
072 V000400 0
072 W000400 11
072 X000400 471
072 Y000400 0
072 Z000400 -359
072AA000400 762
072BB000400 0
072CC010400 5417
072CC020400 0
072DD010400 0
072DD020400 0
072EE000400 0
073 A010400 0.0000
073 A020400 0.0000
073 B000400 0.0000
073 C000400 0.0000
074 A000400 9
074 B000400 602
074 C000400 0
074 D000400 0
074 E000400 0
074 F000400 39198
074 G000400 0
074 H000400 0
<PAGE> PAGE 21
074 I000400 0
074 J000400 21
074 K000400 0
074 L000400 49
074 M000400 8
074 N000400 39887
074 O000400 0
074 P000400 32
074 Q000400 0
074 R010400 0
074 R020400 0
074 R030400 0
074 R040400 596
074 S000400 0
074 T000400 39259
074 U010400 92
074 U020400 931
074 V010400 21.40
074 V020400 21.40
074 W000400 0.0000
074 X000400 11
074 Y000400 0
075 A000400 0
075 B000400 34583
076 000400 0.00
015 A000501 PNC BANK
015 B000501 C
015 C010501 PHILADELPHIA
015 C020501 PA
015 C030501 09103
015 E010501 X
028 A010500 2113
028 A020500 1250
028 A030500 0
028 A040500 4463
028 B010500 1757
028 B020500 1355
028 B030500 0
028 B040500 5632
028 C010500 1904
028 C020500 1399
028 C030500 0
028 C040500 5160
028 D010500 1303
028 D020500 1300
028 D030500 0
028 D040500 5561
028 E010500 2105
028 E020500 1298
028 E030500 0
028 E040500 7234
<PAGE> PAGE 22
028 F010500 3077
028 F020500 1279
028 F030500 0
028 F040500 7260
028 G010500 12259
028 G020500 7881
028 G030500 0
028 G040500 35310
028 H000500 0
029 000500 N
030 A000500 0
030 B000500 0.00
030 C000500 0.00
031 A000500 0
031 B000500 0
032 000500 0
033 000500 0
034 000500 N
035 000500 0
036 B000500 0
037 000500 N
038 000500 0
039 000500 Y
040 000500 Y
041 000500 Y
042 A000500 0
042 B000500 0
042 C000500 0
042 D000500 0
042 E000500 0
042 F000500 0
042 G000500 0
042 H000500 0
043 000500 83
044 000500 0
045 000500 Y
046 000500 Y
047 000500 Y
048 000500 0.000
048 A010500 1000000
048 A020500 0.600
048 B010500 1000000
048 B020500 0.550
048 C010500 1000000
048 C020500 0.500
048 D010500 1000000
048 D020500 0.450
048 E010500 1000000
048 E020500 0.400
048 F010500 5000000
048 F020500 0.350
<PAGE> PAGE 23
048 G010500 0
048 G020500 0.000
048 H010500 0
048 H020500 0.000
048 I010500 0
048 I020500 0.000
048 J010500 0
048 J020500 0.000
048 K010500 0
048 K020500 0.000
062 A000500 Y
062 B000500 0.0
062 C000500 0.0
062 D000500 0.0
062 E000500 0.0
062 F000500 0.0
062 G000500 0.0
062 H000500 0.0
062 I000500 0.0
062 J000500 0.0
062 K000500 0.0
062 L000500 0.0
062 M000500 40.8
062 N000500 59.2
062 O000500 0.0
062 P000500 0.0
062 Q000500 0.0
062 R000500 0.0
063 A000500 0
063 B000500 17.8
064 A000500 N
066 A000500 N
067 000500 N
068 A000500 N
068 B000500 N
069 000500 N
070 A010500 Y
070 A020500 Y
070 B010500 N
070 B020500 N
070 C010500 Y
070 C020500 Y
070 D010500 N
070 D020500 N
070 E010500 Y
070 E020500 N
070 F010500 N
070 F020500 N
070 G010500 Y
070 G020500 N
070 H010500 N
<PAGE> PAGE 24
070 H020500 N
070 I010500 N
070 I020500 N
070 J010500 N
070 J020500 N
070 K010500 N
070 K020500 N
070 L010500 N
070 L020500 N
070 M010500 N
070 M020500 N
070 N010500 N
070 N020500 N
070 O010500 Y
070 O020500 Y
070 P010500 N
070 P020500 N
070 Q010500 N
070 Q020500 N
070 R010500 N
070 R020500 N
071 A000500 41807
071 B000500 44868
071 C000500 255841
071 D000500 16
072 A000500 6
072 B000500 9338
072 C000500 0
072 D000500 0
072 E000500 0
072 F000500 776
072 G000500 0
072 H000500 0
072 I000500 208
072 J000500 22
072 K000500 0
072 L000500 72
072 M000500 16
072 N000500 36
072 O000500 0
072 P000500 0
072 Q000500 0
072 R000500 10
072 S000500 3
072 T000500 83
072 U000500 0
072 V000500 0
072 W000500 26
072 X000500 1252
072 Y000500 0
072 Z000500 8086
<PAGE> PAGE 25
072AA000500 3851
072BB000500 0
072CC010500 0
072CC020500 3295
072DD010500 447
072DD020500 7870
072EE000500 0
073 A010500 0.3300
073 A020500 0.6300
073 B000500 0.0000
073 C000500 0.0000
074 A000500 908
074 B000500 0
074 C000500 0
074 D000500 248122
074 E000500 0
074 F000500 0
074 G000500 0
074 H000500 0
074 I000500 0
074 J000500 0
074 K000500 0
074 L000500 3124
074 M000500 83
074 N000500 252237
074 O000500 88
074 P000500 0
074 Q000500 0
074 R010500 0
074 R020500 0
074 R030500 0
074 R040500 392
074 S000500 0
074 T000500 251757
074 U010500 23766
074 U020500 0
074 V010500 10.59
074 V020500 10.59
074 W000500 0.0000
074 X000500 0
074 Y000500 0
075 A000500 0
075 B000500 264792
076 000500 0.00
015 A000601 PNC BANK
015 B000601 C
015 C010601 PHILADELPHIA
015 C020601 PA
015 C030601 09103
015 E010601 X
028 A010600 1144
<PAGE> PAGE 26
028 A020600 400
028 A030600 0
028 A040600 1908
028 B010600 1531
028 B020600 374
028 B030600 0
028 B040600 2711
028 C010600 1450
028 C020600 1345
028 C030600 0
028 C040600 2529
028 D010600 1953
028 D020600 440
028 D030600 0
028 D040600 2774
028 E010600 2279
028 E020600 874
028 E030600 0
028 E040600 3215
028 F010600 2232
028 F020600 436
028 F030600 0
028 F040600 3045
028 G010600 10589
028 G020600 3869
028 G030600 0
028 G040600 16182
028 H000600 0
029 000600 N
030 A000600 0
030 B000600 0.00
030 C000600 0.00
034 000600 N
035 000600 0
036 B000600 0
037 000600 N
038 000600 0
039 000600 N
040 000600 Y
041 000600 Y
042 A000600 0
042 B000600 0
042 C000600 0
042 D000600 0
042 E000600 0
042 F000600 0
042 G000600 0
042 H000600 0
043 000600 28
044 000600 0
045 000600 Y
<PAGE> PAGE 27
046 000600 Y
047 000600 Y
048 000600 0.000
048 A010600 1000000
048 A020600 0.600
048 B010600 1000000
048 B020600 0.550
048 C010600 1000000
048 C020600 0.500
048 D010600 0
048 D020600 0.000
048 E010600 0
048 E020600 0.000
048 F010600 0
048 F020600 0.000
048 G010600 0
048 G020600 0.000
048 H010600 0
048 H020600 0.000
048 I010600 0
048 I020600 0.000
048 J010600 0
048 J020600 0.000
048 K010600 0
048 K020600 0.000
055 A000600 N
055 B000600 N
056 000600 N
057 000600 N
061 000600 0
062 A000600 Y
062 B000600 0.0
062 C000600 0.0
062 D000600 0.0
062 E000600 0.5
062 F000600 0.0
062 G000600 0.0
062 H000600 0.0
062 I000600 0.0
062 J000600 0.0
062 K000600 0.0
062 L000600 0.6
062 M000600 0.0
062 N000600 0.0
062 O000600 98.9
062 P000600 0.0
062 Q000600 0.0
062 R000600 0.0
063 A000600 0
063 B000600 18.6
064 A000600 N
<PAGE> PAGE 28
064 B000600 N
070 A010600 Y
070 A020600 N
070 B010600 N
070 B020600 N
070 C010600 Y
070 C020600 N
070 D010600 N
070 D020600 N
070 E010600 Y
070 E020600 N
070 F010600 N
070 F020600 N
070 G010600 Y
070 G020600 N
070 H010600 N
070 H020600 N
070 I010600 N
070 I020600 N
070 J010600 Y
070 J020600 N
070 K010600 N
070 K020600 N
070 L010600 N
070 L020600 N
070 M010600 N
070 M020600 N
070 N010600 Y
070 N020600 N
070 O010600 N
070 O020600 N
070 P010600 N
070 P020600 N
070 Q010600 N
070 Q020600 N
070 R010600 N
070 R020600 N
071 A000600 22096
071 B000600 25188
071 C000600 112623
071 D000600 20
072 A000600 6
072 B000600 3267
072 C000600 0
072 D000600 0
072 E000600 0
072 F000600 343
072 G000600 0
072 H000600 0
072 I000600 114
072 J000600 7
<PAGE> PAGE 29
072 K000600 0
072 L000600 28
072 M000600 8
072 N000600 50
072 O000600 0
072 P000600 0
072 Q000600 0
072 R000600 11
072 S000600 0
072 T000600 28
072 U000600 0
072 V000600 0
072 W000600 12
072 X000600 601
072 Y000600 0
072 Z000600 2666
072AA000600 1782
072BB000600 0
072CC010600 943
072CC020600 0
072DD010600 2386
072DD020600 229
072EE000600 1746
073 A010600 0.3325
073 A020600 0.3150
073 B000600 0.1302
073 C000600 0.0000
074 A000600 0
074 B000600 0
074 C000600 600
074 D000600 111801
074 E000600 0
074 F000600 0
074 G000600 0
074 H000600 0
074 I000600 0
074 J000600 0
074 K000600 0
074 L000600 2374
074 M000600 25
074 N000600 114800
074 O000600 1455
074 P000600 64
074 Q000600 0
074 R010600 0
074 R020600 0
074 R030600 0
074 R040600 216
074 S000600 0
074 T000600 113065
074 U010600 6942
<PAGE> PAGE 30
074 U020600 827
074 V010600 14.10
074 V020600 14.10
074 W000600 0.0000
074 X000600 11
074 Y000600 2753
075 A000600 0
075 B000600 114613
076 000600 0.00
SIGNATURE THOMAS M. REYNOLDS
TITLE CONTROLLER
[ARTICLE] 6
[CIK] 0000810271
[NAME] CONCERT INVESTMENT SERIES
[SERIES]
[NUMBER] 1
[NAME] EMERGING GROWTH FUND. CLASS A
<TABLE>
<S> <C>
[PERIOD-TYPE] 6-MOS
[FISCAL-YEAR-END] OCT-31-1998
[PERIOD-END] APR-30-1998
[INVESTMENTS-AT-COST] 187,495,650
[INVESTMENTS-AT-VALUE] 236,041,517
[RECEIVABLES] 1,700,435
[ASSETS-OTHER] 42,169,685
[OTHER-ITEMS-ASSETS] 830
[TOTAL-ASSETS] 279,912,467
[PAYABLE-FOR-SECURITIES] 1,673,729
[SENIOR-LONG-TERM-DEBT] 0
[OTHER-ITEMS-LIABILITIES] 42,679,194
[TOTAL-LIABILITIES] 44,352,923
[SENIOR-EQUITY] 0
[PAID-IN-CAPITAL-COMMON] 167,703,552
[SHARES-COMMON-STOCK] 5,037,292
[SHARES-COMMON-PRIOR] 4,555,287
[ACCUMULATED-NII-CURRENT] 0
[OVERDISTRIBUTION-NII] 1,117,608
[ACCUMULATED-NET-GAINS] 20,011,219
[OVERDISTRIBUTION-GAINS] 0
[ACCUM-APPREC-OR-DEPREC] 48,962,381
[NET-ASSETS] 235,559,544
[DIVIDEND-INCOME] 264,322
[INTEREST-INCOME] 388,160
[OTHER-INCOME] 0
[EXPENSES-NET] 1,767,586
[NET-INVESTMENT-INCOME] (1,115,104)
[REALIZED-GAINS-CURRENT] 20,037,364
[APPREC-INCREASE-CURRENT] 8,788,163
[NET-CHANGE-FROM-OPS] 27,710,423
[EQUALIZATION] 0
[DISTRIBUTIONS-OF-INCOME] 0
[DISTRIBUTIONS-OF-GAINS] 989,700
[DISTRIBUTIONS-OTHER] 0
[NUMBER-OF-SHARES-SOLD] 942,781
[NUMBER-OF-SHARES-REDEEMED] 508,366
[SHARES-REINVESTED] 47,590
[NET-CHANGE-IN-ASSETS] 49,160,907
[ACCUMULATED-NII-PRIOR] 0
[ACCUMULATED-GAINS-PRIOR] 1,828,333
[OVERDISTRIB-NII-PRIOR] 2,504
[OVERDIST-NET-GAINS-PRIOR] 0
[GROSS-ADVISORY-FEES] 657,991
[INTEREST-EXPENSE] 0
[GROSS-EXPENSE] 1,767,586
[AVERAGE-NET-ASSETS] 110,101,609
[PER-SHARE-NAV-BEGIN] 22.08
[PER-SHARE-NII] (0.08)
[PER-SHARE-GAIN-APPREC] 03.13
[PER-SHARE-DIVIDEND] 0
[PER-SHARE-DISTRIBUTIONS] 00.21
[RETURNS-OF-CAPITAL] 0
[PER-SHARE-NAV-END] 24.92
[EXPENSE-RATIO] 01.42
[AVG-DEBT-OUTSTANDING] 0
[AVG-DEBT-PER-SHARE] 0
</TABLE>
[ARTICLE] 6
[CIK] 0000810271
[NAME] CONCERT INVESTMENT SERIES
[SERIES]
[NUMBER] 1
[NAME] EMERGING GROWTH FUND. CLASS B
<TABLE>
<S> <C>
[PERIOD-TYPE] 6-MOS
[FISCAL-YEAR-END] OCT-31-1998
[PERIOD-END] APR-30-1998
[INVESTMENTS-AT-COST] 187,495,650
[INVESTMENTS-AT-VALUE] 236,041,517
[RECEIVABLES] 1,700,435
[ASSETS-OTHER] 42,169,685
[OTHER-ITEMS-ASSETS] 830
[TOTAL-ASSETS] 279,912,467
[PAYABLE-FOR-SECURITIES] 1,673,729
[SENIOR-LONG-TERM-DEBT] 0
[OTHER-ITEMS-LIABILITIES] 42,679,194
[TOTAL-LIABILITIES] 44,352,923
[SENIOR-EQUITY] 0
[PAID-IN-CAPITAL-COMMON] 167,703,552
[SHARES-COMMON-STOCK] 4,190,267
[SHARES-COMMON-PRIOR] 3,684,878
[ACCUMULATED-NII-CURRENT] 0
[OVERDISTRIBUTION-NII] 1,117,608
[ACCUMULATED-NET-GAINS] 20,011,219
[OVERDISTRIBUTION-GAINS] 0
[ACCUM-APPREC-OR-DEPREC] 48,962,381
[NET-ASSETS] 235,559,544
[DIVIDEND-INCOME] 264,322
[INTEREST-INCOME] 388,160
[OTHER-INCOME] 0
[EXPENSES-NET] 1,767,586
[NET-INVESTMENT-INCOME] (1,115,104)
[REALIZED-GAINS-CURRENT] 20,037,364
[APPREC-INCREASE-CURRENT] 8,788,163
[NET-CHANGE-FROM-OPS] 27,710,423
[EQUALIZATION] 0
[DISTRIBUTIONS-OF-INCOME] 0
[DISTRIBUTIONS-OF-GAINS] 803,508
[DISTRIBUTIONS-OTHER] 0
[NUMBER-OF-SHARES-SOLD] 846,770
[NUMBER-OF-SHARES-REDEEMED] 383,144
[SHARES-REINVESTED] 41,763
[NET-CHANGE-IN-ASSETS] 49,160,907
[ACCUMULATED-NII-PRIOR] 0
[ACCUMULATED-GAINS-PRIOR] 1,828,333
[OVERDISTRIB-NII-PRIOR] 2,504
[OVERDIST-NET-GAINS-PRIOR] 0
[GROSS-ADVISORY-FEES] 657,991
[INTEREST-EXPENSE] 0
[GROSS-EXPENSE] 1,767,586
[AVERAGE-NET-ASSETS] 88,234,240
[PER-SHARE-NAV-BEGIN] 21.63
[PER-SHARE-NII] (0.16)
[PER-SHARE-GAIN-APPREC] 03.06
[PER-SHARE-DIVIDEND] 0
[PER-SHARE-DISTRIBUTIONS] 00.21
[RETURNS-OF-CAPITAL] 0
[PER-SHARE-NAV-END] 24.32
[EXPENSE-RATIO] 02.16
[AVG-DEBT-OUTSTANDING] 0
[AVG-DEBT-PER-SHARE] 0
</TABLE>
[ARTICLE] 6
[CIK] 0000810271
[NAME] CONCERT INVESTMENT SERIES
[SERIES]
[NUMBER] 1
[NAME] EMERGING GROWTH FUND. CLASS 1
<TABLE>
<S> <C>
[PERIOD-TYPE] 6-MOS
[FISCAL-YEAR-END] OCT-31-1998
[PERIOD-END] APR-30-1998
[INVESTMENTS-AT-COST] 187,495,650
[INVESTMENTS-AT-VALUE] 236,041,517
[RECEIVABLES] 1,700,435
[ASSETS-OTHER] 42,169,685
[OTHER-ITEMS-ASSETS] 830
[TOTAL-ASSETS] 279,912,467
[PAYABLE-FOR-SECURITIES] 1,673,729
[SENIOR-LONG-TERM-DEBT] 0
[OTHER-ITEMS-LIABILITIES] 42,679,194
[TOTAL-LIABILITIES] 44,352,923
[SENIOR-EQUITY] 0
[PAID-IN-CAPITAL-COMMON] 167,703,552
[SHARES-COMMON-STOCK] 324,608
[SHARES-COMMON-PRIOR] 276,032
[ACCUMULATED-NII-CURRENT] 0
[OVERDISTRIBUTION-NII] 1,117,608
[ACCUMULATED-NET-GAINS] 20,011,219
[OVERDISTRIBUTION-GAINS] 0
[ACCUM-APPREC-OR-DEPREC] 48,962,381
[NET-ASSETS] 235,559,544
[DIVIDEND-INCOME] 264,322
[INTEREST-INCOME] 388,160
[OTHER-INCOME] 0
[EXPENSES-NET] 1,767,586
[NET-INVESTMENT-INCOME] (1,115,104)
[REALIZED-GAINS-CURRENT] 20,037,364
[APPREC-INCREASE-CURRENT] 8,788,163
[NET-CHANGE-FROM-OPS] 27,710,423
[EQUALIZATION] 0
[DISTRIBUTIONS-OF-INCOME] 0
[DISTRIBUTIONS-OF-GAINS] 61,270
[DISTRIBUTIONS-OTHER] 0
[NUMBER-OF-SHARES-SOLD] 77,477
[NUMBER-OF-SHARES-REDEEMED] 31,829
[SHARES-REINVESTED] 2,928
[NET-CHANGE-IN-ASSETS] 49,160,907
[ACCUMULATED-NII-PRIOR] 0
[ACCUMULATED-GAINS-PRIOR] 1,828,333
[OVERDISTRIB-NII-PRIOR] 2,504
[OVERDIST-NET-GAINS-PRIOR] 0
[GROSS-ADVISORY-FEES] 657,991
[INTEREST-EXPENSE] 0
[GROSS-EXPENSE] 1,767,586
[AVERAGE-NET-ASSETS] 6,855,239
[PER-SHARE-NAV-BEGIN] 22.15
[PER-SHARE-NII] (0.07)
[PER-SHARE-GAIN-APPREC] 03.17
[PER-SHARE-DIVIDEND] 0
[PER-SHARE-DISTRIBUTIONS] 00.21
[RETURNS-OF-CAPITAL] 0
[PER-SHARE-NAV-END] 25.04
[EXPENSE-RATIO] 01.34
[AVG-DEBT-OUTSTANDING] 0
[AVG-DEBT-PER-SHARE] 0
</TABLE>
[ARTICLE] 6
[CIK] 0000810271
[NAME] CONCERT INVESTMENT SERIES
[SERIES]
[NUMBER] 2
[NAME] GROWTH FUND. CLASS A
<TABLE>
<S> <C>
[PERIOD-TYPE] 6-MOS
[FISCAL-YEAR-END] OCT-31-1998
[PERIOD-END] APR-30-1998
[INVESTMENTS-AT-COST] 3,388,945
[INVESTMENTS-AT-VALUE] 4,365,016
[RECEIVABLES] 44,260
[ASSETS-OTHER] 694
[OTHER-ITEMS-ASSETS] 752,866
[TOTAL-ASSETS] 5,162,836
[PAYABLE-FOR-SECURITIES] 0
[SENIOR-LONG-TERM-DEBT] 0
[OTHER-ITEMS-LIABILITIES] 805,444
[TOTAL-LIABILITIES] 805,444
[SENIOR-EQUITY] 0
[PAID-IN-CAPITAL-COMMON] 2,974,426
[SHARES-COMMON-STOCK] 7,732
[SHARES-COMMON-PRIOR] 5,193
[ACCUMULATED-NII-CURRENT] 0
[OVERDISTRIBUTION-NII] 7,291
[ACCUMULATED-NET-GAINS] 0
[OVERDISTRIBUTION-GAINS] 399,605
[ACCUM-APPREC-OR-DEPREC] 976,071
[NET-ASSETS] 4,357,392
[DIVIDEND-INCOME] 19,659
[INTEREST-INCOME] 11,328
[OTHER-INCOME] 0
[EXPENSES-NET] 16,908
[NET-INVESTMENT-INCOME] 14,079
[REALIZED-GAINS-CURRENT] 408,816
[APPREC-INCREASE-CURRENT] 259,805
[NET-CHANGE-FROM-OPS] 682,700
[EQUALIZATION] 0
[DISTRIBUTIONS-OF-INCOME] 666
[DISTRIBUTIONS-OF-GAINS] 18,542
[DISTRIBUTIONS-OTHER] 0
[NUMBER-OF-SHARES-SOLD] 42,743
[NUMBER-OF-SHARES-REDEEMED] 14,114
[SHARES-REINVESTED] 19,160
[NET-CHANGE-IN-ASSETS] 575,523
[ACCUMULATED-NII-PRIOR] 22,702
[ACCUMULATED-GAINS-PRIOR] 603,679
[OVERDISTRIB-NII-PRIOR] 0
[OVERDIST-NET-GAINS-PRIOR] 0
[GROSS-ADVISORY-FEES] 11,428
[INTEREST-EXPENSE] 0
[GROSS-EXPENSE] 11,428
[AVERAGE-NET-ASSETS] 130,090
[PER-SHARE-NAV-BEGIN] 20.89
[PER-SHARE-NII] 00.04
[PER-SHARE-GAIN-APPREC] 03.17
[PER-SHARE-DIVIDEND] 00.12
[PER-SHARE-DISTRIBUTIONS] 03.41
[RETURNS-OF-CAPITAL] 0
[PER-SHARE-NAV-END] 20.57
[EXPENSE-RATIO] 01.04
[AVG-DEBT-OUTSTANDING] 0
[AVG-DEBT-PER-SHARE] 0
</TABLE>
[ARTICLE] 6
[CIK] 0000810271
[NAME] CONCERT INVESTMENT SERIES
[SERIES]
[NUMBER] 2
[NAME] GROWTH FUND. CLASS B
<TABLE>
<S> <C>
[PERIOD-TYPE] 6-MOS
[FISCAL-YEAR-END] OCT-31-1998
[PERIOD-END] APR-30-1998
[INVESTMENTS-AT-COST] 3,388,945
[INVESTMENTS-AT-VALUE] 4,365,016
[RECEIVABLES] 44,260
[ASSETS-OTHER] 694
[OTHER-ITEMS-ASSETS] 752,866
[TOTAL-ASSETS] 5,162,836
[PAYABLE-FOR-SECURITIES] 0
[SENIOR-LONG-TERM-DEBT] 0
[OTHER-ITEMS-LIABILITIES] 805,444
[TOTAL-LIABILITIES] 805,444
[SENIOR-EQUITY] 0
[PAID-IN-CAPITAL-COMMON] 2,974,426
[SHARES-COMMON-STOCK] 8,244
[SHARES-COMMON-PRIOR] 6,083
[ACCUMULATED-NII-CURRENT] 0
[OVERDISTRIBUTION-NII] 7,291
[ACCUMULATED-NET-GAINS] 0
[OVERDISTRIBUTION-GAINS] 399,605
[ACCUM-APPREC-OR-DEPREC] 976,071
[NET-ASSETS] 4,357,392
[DIVIDEND-INCOME] 19,659
[INTEREST-INCOME] 11,328
[OTHER-INCOME] 0
[EXPENSES-NET] 16,908
[NET-INVESTMENT-INCOME] 14,079
[REALIZED-GAINS-CURRENT] 408,816
[APPREC-INCREASE-CURRENT] 259,805
[NET-CHANGE-FROM-OPS] 682,700
[EQUALIZATION] 0
[DISTRIBUTIONS-OF-INCOME] 0
[DISTRIBUTIONS-OF-GAINS] 21,416
[DISTRIBUTIONS-OTHER] 0
[NUMBER-OF-SHARES-SOLD] 31,676
[NUMBER-OF-SHARES-REDEEMED] 12,997
[SHARES-REINVESTED] 21,345
[NET-CHANGE-IN-ASSETS] 575,523
[ACCUMULATED-NII-PRIOR] 22,702
[ACCUMULATED-GAINS-PRIOR] 603,679
[OVERDISTRIB-NII-PRIOR] 0
[OVERDIST-NET-GAINS-PRIOR] 0
[GROSS-ADVISORY-FEES] 11,428
[INTEREST-EXPENSE] 0
[GROSS-EXPENSE] 11,428
[AVERAGE-NET-ASSETS] 143,874
[PER-SHARE-NAV-BEGIN] 20.75
[PER-SHARE-NII] 00.04
[PER-SHARE-GAIN-APPREC] 03.17
[PER-SHARE-DIVIDEND] 00.00
[PER-SHARE-DISTRIBUTIONS] 03.41
[RETURNS-OF-CAPITAL] 0
[PER-SHARE-NAV-END] 20.47
[EXPENSE-RATIO] 01.76
[AVG-DEBT-OUTSTANDING] 0
[AVG-DEBT-PER-SHARE] 0
</TABLE>
[ARTICLE] 6
[CIK] 0000810271
[NAME] CONCERT INVESTMENT SERIES
[SERIES]
[NUMBER] 2
[NAME] GROWTH FUND. CLASS 1
<TABLE>
<S> <C>
[PERIOD-TYPE] 6-MOS
[FISCAL-YEAR-END] OCT-31-1998
[PERIOD-END] APR-30-1998
[INVESTMENTS-AT-COST] 3,388,945
[INVESTMENTS-AT-VALUE] 4,365,016
[RECEIVABLES] 44,260
[ASSETS-OTHER] 694
[OTHER-ITEMS-ASSETS] 752,866
[TOTAL-ASSETS] 5,162,836
[PAYABLE-FOR-SECURITIES] 0
[SENIOR-LONG-TERM-DEBT] 0
[OTHER-ITEMS-LIABILITIES] 805,444
[TOTAL-LIABILITIES] 805,444
[SENIOR-EQUITY] 0
[PAID-IN-CAPITAL-COMMON] 2,974,426
[SHARES-COMMON-STOCK] 195,618
[SHARES-COMMON-PRIOR] 169,367
[ACCUMULATED-NII-CURRENT] 0
[OVERDISTRIBUTION-NII] 7,291
[ACCUMULATED-NET-GAINS] 0
[OVERDISTRIBUTION-GAINS] 399,605
[ACCUM-APPREC-OR-DEPREC] 976,071
[NET-ASSETS] 4,357,392
[DIVIDEND-INCOME] 19,659
[INTEREST-INCOME] 11,328
[OTHER-INCOME] 0
[EXPENSES-NET] 16,908
[NET-INVESTMENT-INCOME] 14,079
[REALIZED-GAINS-CURRENT] 408,816
[APPREC-INCREASE-CURRENT] 259,805
[NET-CHANGE-FROM-OPS] 682,700
[EQUALIZATION] 0
[DISTRIBUTIONS-OF-INCOME] 28,825
[DISTRIBUTIONS-OF-GAINS] 572,932
[DISTRIBUTIONS-OTHER] 0
[NUMBER-OF-SHARES-SOLD] 108,690
[NUMBER-OF-SHARES-REDEEMED] 258,949
[SHARES-REINVESTED] 597,650
[NET-CHANGE-IN-ASSETS] 575,523
[ACCUMULATED-NII-PRIOR] 22,702
[ACCUMULATED-GAINS-PRIOR] 603,679
[OVERDISTRIB-NII-PRIOR] 0
[OVERDIST-NET-GAINS-PRIOR] 0
[GROSS-ADVISORY-FEES] 11,428
[INTEREST-EXPENSE] 0
[GROSS-EXPENSE] 11,428
[AVERAGE-NET-ASSETS] 3,228,569
[PER-SHARE-NAV-BEGIN] 20.94
[PER-SHARE-NII] 00.07
[PER-SHARE-GAIN-APPREC] 03.17
[PER-SHARE-DIVIDEND] 00.17
[PER-SHARE-DISTRIBUTIONS] 03.41
[RETURNS-OF-CAPITAL] 0
[PER-SHARE-NAV-END] 20.60
[EXPENSE-RATIO] 00.94
[AVG-DEBT-OUTSTANDING] 0
[AVG-DEBT-PER-SHARE] 0
</TABLE>
[ARTICLE] 6
[CIK] 0000810271
[NAME] CONCERT INVESTMENT SERIES
[SERIES]
[NUMBER] 3
[NAME] GROWTH AND INCOME FUND. CLASS A
<TABLE>
<S> <C>
[PERIOD-TYPE] 6-MOS
[FISCAL-YEAR-END] OCT-31-1998
[PERIOD-END] APR-30-1998
[INVESTMENTS-AT-COST] 1,090,234,591
[INVESTMENTS-AT-VALUE] 1,467,816,462
[RECEIVABLES] 2,644,839
[ASSETS-OTHER] 184,898,466
[OTHER-ITEMS-ASSETS] 0
[TOTAL-ASSETS] 1,655,359,767
[PAYABLE-FOR-SECURITIES] 1,759,037
[SENIOR-LONG-TERM-DEBT] 0
[OTHER-ITEMS-LIABILITIES] 186,181,584
[TOTAL-LIABILITIES] 187,940,621
[SENIOR-EQUITY] 0
[PAID-IN-CAPITAL-COMMON] 1,039,844,908
[SHARES-COMMON-STOCK] 61,803,777
[SHARES-COMMON-PRIOR] 54,584,869
[ACCUMULATED-NII-CURRENT] 517,312
[OVERDISTRIBUTION-NII] 0
[ACCUMULATED-NET-GAINS] 49,475,055
[OVERDISTRIBUTION-GAINS] 0
[ACCUM-APPREC-OR-DEPREC] 377,581,871
[NET-ASSETS] 1,467,419,146
[DIVIDEND-INCOME] 9,226,550
[INTEREST-INCOME] 4,034,705
[OTHER-INCOME] 0
[EXPENSES-NET] 6,380,414
[NET-INVESTMENT-INCOME] 6,880,841
[REALIZED-GAINS-CURRENT] 49,089,398
[APPREC-INCREASE-CURRENT] 167,597,410
[NET-CHANGE-FROM-OPS] 223,567,649
[EQUALIZATION] 0
[DISTRIBUTIONS-OF-INCOME] 6,742,532
[DISTRIBUTIONS-OF-GAINS] 175,744,353
[DISTRIBUTIONS-OTHER] 0
[NUMBER-OF-SHARES-SOLD] 1,636,329
[NUMBER-OF-SHARES-REDEEMED] 4,934,083
[SHARES-REINVESTED] 10,516,662
[NET-CHANGE-IN-ASSETS] 190,925,707
[ACCUMULATED-NII-PRIOR] 991,411
[ACCUMULATED-GAINS-PRIOR] 206,793,123
[OVERDISTRIB-NII-PRIOR] 0
[OVERDIST-NET-GAINS-PRIOR] 0
[GROSS-ADVISORY-FEES] 4,259,506
[INTEREST-EXPENSE] 0
[GROSS-EXPENSE] 6,380,414
[AVERAGE-NET-ASSETS] 1,151,247,313
[PER-SHARE-NAV-BEGIN] 20.10
[PER-SHARE-NII] 00.11
[PER-SHARE-GAIN-APPREC] 02.92
[PER-SHARE-DIVIDEND] 00.12
[PER-SHARE-DISTRIBUTIONS] 03.25
[RETURNS-OF-CAPITAL] 0
[PER-SHARE-NAV-END] 19.76
[EXPENSE-RATIO] 00.84
[AVG-DEBT-OUTSTANDING] 0
[AVG-DEBT-PER-SHARE] 0
</TABLE>
[ARTICLE] 6
[CIK] 0000810271
[NAME] CONCERT INVESTMENT SERIES
[SERIES]
[NUMBER] 3
[NAME] GROWTH AND INCOME FUND. CLASS B
<TABLE>
<S> <C>
[PERIOD-TYPE] 6-MOS
[FISCAL-YEAR-END] OCT-31-1998
[PERIOD-END] APR-30-1998
[INVESTMENTS-AT-COST] 1,090,234,591
[INVESTMENTS-AT-VALUE] 1,467,816,462
[RECEIVABLES] 2,644,839
[ASSETS-OTHER] 184,898,466
[OTHER-ITEMS-ASSETS] 0
[TOTAL-ASSETS] 1,655,359,767
[PAYABLE-FOR-SECURITIES] 1,759,037
[SENIOR-LONG-TERM-DEBT] 0
[OTHER-ITEMS-LIABILITIES] 186,181,584
[TOTAL-LIABILITIES] 187,940,621
[SENIOR-EQUITY] 0
[PAID-IN-CAPITAL-COMMON] 1,039,844,908
[SHARES-COMMON-STOCK] 5,757,768
[SHARES-COMMON-PRIOR] 3,972,090
[ACCUMULATED-NII-CURRENT] 517,312
[OVERDISTRIBUTION-NII] 0
[ACCUMULATED-NET-GAINS] 49,475,055
[OVERDISTRIBUTION-GAINS] 0
[ACCUM-APPREC-OR-DEPREC] 377,581,871
[NET-ASSETS] 1,467,419,146
[DIVIDEND-INCOME] 9,226,550
[INTEREST-INCOME] 4,034,705
[OTHER-INCOME] 0
[EXPENSES-NET] 6,380,414
[NET-INVESTMENT-INCOME] 6,880,841
[REALIZED-GAINS-CURRENT] 49,089,398
[APPREC-INCREASE-CURRENT] 167,597,410
[NET-CHANGE-FROM-OPS] 223,567,649
[EQUALIZATION] 0
[DISTRIBUTIONS-OF-INCOME] 453,265
[DISTRIBUTIONS-OF-GAINS] 13,915,992
[DISTRIBUTIONS-OTHER] 0
[NUMBER-OF-SHARES-SOLD] 1,516,752
[NUMBER-OF-SHARES-REDEEMED] 565,341
[SHARES-REINVESTED] 834,267
[NET-CHANGE-IN-ASSETS] 190,925,707
[ACCUMULATED-NII-PRIOR] 991,411
[ACCUMULATED-GAINS-PRIOR] 206,793,123
[OVERDISTRIB-NII-PRIOR] 0
[OVERDIST-NET-GAINS-PRIOR] 0
[GROSS-ADVISORY-FEES] 4,259,506
[INTEREST-EXPENSE] 0
[GROSS-EXPENSE] 6,380,414
[AVERAGE-NET-ASSETS] 96,558,623
[PER-SHARE-NAV-BEGIN] 20.10
[PER-SHARE-NII] 00.09
[PER-SHARE-GAIN-APPREC] 02.92
[PER-SHARE-DIVIDEND] 00.10
[PER-SHARE-DISTRIBUTIONS] 03.25
[RETURNS-OF-CAPITAL] 0
[PER-SHARE-NAV-END] 19.76
[EXPENSE-RATIO] 01.09
[AVG-DEBT-OUTSTANDING] 0
[AVG-DEBT-PER-SHARE] 0
</TABLE>
[ARTICLE] 6
[CIK] 0000810271
[NAME] CONCERT INVESTMENT SERIES
[SERIES]
[NUMBER] 3
[NAME] GROWTH AND INCOME FUND. CLASS 1
<TABLE>
<S> <C>
[PERIOD-TYPE] 6-MOS
[FISCAL-YEAR-END] OCT-31-1998
[PERIOD-END] APR-30-1998
[INVESTMENTS-AT-COST] 1,090,234,591
[INVESTMENTS-AT-VALUE] 1,467,816,462
[RECEIVABLES] 2,644,839
[ASSETS-OTHER] 184,898,466
[OTHER-ITEMS-ASSETS] 0
[TOTAL-ASSETS] 1,655,359,767
[PAYABLE-FOR-SECURITIES] 1,759,037
[SENIOR-LONG-TERM-DEBT] 0
[OTHER-ITEMS-LIABILITIES] 186,181,584
[TOTAL-LIABILITIES] 187,940,621
[SENIOR-EQUITY] 0
[PAID-IN-CAPITAL-COMMON] 1,039,844,908
[SHARES-COMMON-STOCK] 6,713,869
[SHARES-COMMON-PRIOR] 4,953,823
[ACCUMULATED-NII-CURRENT] 517,312
[OVERDISTRIBUTION-NII] 0
[ACCUMULATED-NET-GAINS] 49,475,055
[OVERDISTRIBUTION-GAINS] 0
[ACCUM-APPREC-OR-DEPREC] 377,581,871
[NET-ASSETS] 1,467,419,146
[DIVIDEND-INCOME] 9,226,550
[INTEREST-INCOME] 4,034,705
[OTHER-INCOME] 0
[EXPENSES-NET] 6,380,414
[NET-INVESTMENT-INCOME] 6,880,841
[REALIZED-GAINS-CURRENT] 49,089,398
[APPREC-INCREASE-CURRENT] 167,597,410
[NET-CHANGE-FROM-OPS] 223,567,649
[EQUALIZATION] 0
[DISTRIBUTIONS-OF-INCOME] 159,143
[DISTRIBUTIONS-OF-GAINS] 16,747,121
[DISTRIBUTIONS-OTHER] 0
[NUMBER-OF-SHARES-SOLD] 1,344,268
[NUMBER-OF-SHARES-REDEEMED] 558,466
[SHARES-REINVESTED] 974,244
[NET-CHANGE-IN-ASSETS] 190,925,707
[ACCUMULATED-NII-PRIOR] 991,411
[ACCUMULATED-GAINS-PRIOR] 206,793,123
[OVERDISTRIB-NII-PRIOR] 0
[OVERDIST-NET-GAINS-PRIOR] 0
[GROSS-ADVISORY-FEES] 4,259,506
[INTEREST-EXPENSE] 0
[GROSS-EXPENSE] 6,380,414
[AVERAGE-NET-ASSETS] 114,900,778
[PER-SHARE-NAV-BEGIN] 20.07
[PER-SHARE-NII] 00.01
[PER-SHARE-GAIN-APPREC] 02.92
[PER-SHARE-DIVIDEND] 00.03
[PER-SHARE-DISTRIBUTIONS] 03.25
[RETURNS-OF-CAPITAL] 0
[PER-SHARE-NAV-END] 19.72
[EXPENSE-RATIO] 01.82
[AVG-DEBT-OUTSTANDING] 0
[AVG-DEBT-PER-SHARE] 0
</TABLE>
[ARTICLE] 6
[CIK] 0000810271
[NAME] CONCERT INVESTMENT SERIES
[SERIES]
[NUMBER] 4
[NAME] INTERNATIONAL EQUITY FUND. CLASS A
<TABLE>
<S> <C>
[PERIOD-TYPE] 6-MOS
[FISCAL-YEAR-END] OCT-31-1998
[PERIOD-END] APR-30-1998
[INVESTMENTS-AT-COST] 28,004,574
[INVESTMENTS-AT-VALUE] 39,799,909
[RECEIVABLES] 70,781
[ASSETS-OTHER] 0
[OTHER-ITEMS-ASSETS] 16,252
[TOTAL-ASSETS] 39,886,942
[PAYABLE-FOR-SECURITIES] 0
[SENIOR-LONG-TERM-DEBT] 0
[OTHER-ITEMS-LIABILITIES] 628,006
[TOTAL-LIABILITIES] 628,006
[SENIOR-EQUITY] 0
[PAID-IN-CAPITAL-COMMON] 27,972,330
[SHARES-COMMON-STOCK] 91,922
[SHARES-COMMON-PRIOR] 90,545
[ACCUMULATED-NII-CURRENT] 0
[OVERDISTRIBUTION-NII] (393,920)
[ACCUMULATED-NET-GAINS] 0
[OVERDISTRIBUTION-GAINS] 114,571
[ACCUM-APPREC-OR-DEPREC] 11,795,097
[NET-ASSETS] 39,258,936
[DIVIDEND-INCOME] 92,570
[INTEREST-INCOME] 18,610
[OTHER-INCOME] 0
[EXPENSES-NET] 470,912
[NET-INVESTMENT-INCOME] (359,732)
[REALIZED-GAINS-CURRENT] 762,282
[APPREC-INCREASE-CURRENT] 5,417,076
[NET-CHANGE-FROM-OPS] 5,819,626
[EQUALIZATION] 0
[DISTRIBUTIONS-OF-INCOME] 0
[DISTRIBUTIONS-OF-GAINS] 0
[DISTRIBUTIONS-OTHER] 0
[NUMBER-OF-SHARES-SOLD] 268,741
[NUMBER-OF-SHARES-REDEEMED] 244,056
[SHARES-REINVESTED] 0
[NET-CHANGE-IN-ASSETS] 7,124,510
[ACCUMULATED-NII-PRIOR] 0
[ACCUMULATED-GAINS-PRIOR] 0
[OVERDISTRIB-NII-PRIOR] (394)
[OVERDIST-NET-GAINS-PRIOR] (910,647)
[GROSS-ADVISORY-FEES] 172,167
[INTEREST-EXPENSE] 0
[GROSS-EXPENSE] 470,912
[AVERAGE-NET-ASSETS] 17,638,563
[PER-SHARE-NAV-BEGIN] 18.14
[PER-SHARE-NII] (0.19)
[PER-SHARE-GAIN-APPREC] 03.45
[PER-SHARE-DIVIDEND] 0
[PER-SHARE-DISTRIBUTIONS] 0
[RETURNS-OF-CAPITAL] 0
[PER-SHARE-NAV-END] 21.40
[EXPENSE-RATIO] 02.49
[AVG-DEBT-OUTSTANDING] 0
[AVG-DEBT-PER-SHARE] 0
</TABLE>
[ARTICLE] 6
[CIK] 0000810271
[NAME] CONCERT INVESTMENT SERIES
[SERIES]
[NUMBER] 4
[NAME] INTERNATIONAL EQUITY FUND. CLASS B
<TABLE>
<S> <C>
[PERIOD-TYPE] 6-MOS
[FISCAL-YEAR-END] OCT-31-1998
[PERIOD-END] APR-30-1998
[INVESTMENTS-AT-COST] 28,004,574
[INVESTMENTS-AT-VALUE] 39,799,909
[RECEIVABLES] 70,781
[ASSETS-OTHER] 0
[OTHER-ITEMS-ASSETS] 16,252
[TOTAL-ASSETS] 39,886,942
[PAYABLE-FOR-SECURITIES] 0
[SENIOR-LONG-TERM-DEBT] 0
[OTHER-ITEMS-LIABILITIES] 628,006
[TOTAL-LIABILITIES] 628,006
[SENIOR-EQUITY] 0
[PAID-IN-CAPITAL-COMMON] 27,972,330
[SHARES-COMMON-STOCK] 931,470
[SHARES-COMMON-PRIOR] 913,789
[ACCUMULATED-NII-CURRENT] 0
[OVERDISTRIBUTION-NII] (393,920)
[ACCUMULATED-NET-GAINS] 0
[OVERDISTRIBUTION-GAINS] 114,571
[ACCUM-APPREC-OR-DEPREC] 11,795,097
[NET-ASSETS] 39,258,936
[DIVIDEND-INCOME] 92,570
[INTEREST-INCOME] 18,610
[OTHER-INCOME] 0
[EXPENSES-NET] 470,912
[NET-INVESTMENT-INCOME] (359,732)
[REALIZED-GAINS-CURRENT] 762,282
[APPREC-INCREASE-CURRENT] 5,417,076
[NET-CHANGE-FROM-OPS] 5,819,626
[EQUALIZATION] 0
[DISTRIBUTIONS-OF-INCOME] 0
[DISTRIBUTIONS-OF-GAINS] 0
[DISTRIBUTIONS-OTHER] 0
[NUMBER-OF-SHARES-SOLD] 2,465,106
[NUMBER-OF-SHARES-REDEEMED] 2,083,155
[SHARES-REINVESTED] 0
[NET-CHANGE-IN-ASSETS] 7,124,510
[ACCUMULATED-NII-PRIOR] 0
[ACCUMULATED-GAINS-PRIOR] 0
[OVERDISTRIB-NII-PRIOR] (394)
[OVERDIST-NET-GAINS-PRIOR] (910,647)
[GROSS-ADVISORY-FEES] 172,167
[INTEREST-EXPENSE] 0
[GROSS-EXPENSE] 470,912
[AVERAGE-NET-ASSETS] 15,192,090
[PER-SHARE-NAV-BEGIN] 17.81
[PER-SHARE-NII] (0.24)
[PER-SHARE-GAIN-APPREC] 03.36
[PER-SHARE-DIVIDEND] 0
[PER-SHARE-DISTRIBUTIONS] 0
[RETURNS-OF-CAPITAL] 0
[PER-SHARE-NAV-END] 20.93
[EXPENSE-RATIO] 03.24
[AVG-DEBT-OUTSTANDING] 0
[AVG-DEBT-PER-SHARE] 0
</TABLE>
[ARTICLE] 6
[CIK] 0000810271
[NAME] CONCERT INVESTMENT SERIES
[SERIES]
[NUMBER] 4
[NAME] INTERNATIONAL EQUITY FUND. CLASS 1
<TABLE>
<S> <C>
[PERIOD-TYPE] 6-MOS
[FISCAL-YEAR-END] OCT-31-1998
[PERIOD-END] APR-30-1998
[INVESTMENTS-AT-COST] 28,004,574
[INVESTMENTS-AT-VALUE] 39,799,909
[RECEIVABLES] 70,781
[ASSETS-OTHER] 0
[OTHER-ITEMS-ASSETS] 16,252
[TOTAL-ASSETS] 39,886,942
[PAYABLE-FOR-SECURITIES] 0
[SENIOR-LONG-TERM-DEBT] 0
[OTHER-ITEMS-LIABILITIES] 628,006
[TOTAL-LIABILITIES] 628,006
[SENIOR-EQUITY] 0
[PAID-IN-CAPITAL-COMMON] 27,972,330
[SHARES-COMMON-STOCK] 828,862
[SHARES-COMMON-PRIOR] 781,557
[ACCUMULATED-NII-CURRENT] 0
[OVERDISTRIBUTION-NII] (393,920)
[ACCUMULATED-NET-GAINS] 0
[OVERDISTRIBUTION-GAINS] 114,571
[ACCUM-APPREC-OR-DEPREC] 11,795,097
[NET-ASSETS] 39,258,936
[DIVIDEND-INCOME] 92,570
[INTEREST-INCOME] 18,610
[OTHER-INCOME] 0
[EXPENSES-NET] 470,912
[NET-INVESTMENT-INCOME] (359,732)
[REALIZED-GAINS-CURRENT] 762,282
[APPREC-INCREASE-CURRENT] 5,417,076
[NET-CHANGE-FROM-OPS] 5,819,626
[EQUALIZATION] 0
[DISTRIBUTIONS-OF-INCOME] 0
[DISTRIBUTIONS-OF-GAINS] 0
[DISTRIBUTIONS-OTHER] 0
[NUMBER-OF-SHARES-SOLD] 2,285,262
[NUMBER-OF-SHARES-REDEEMED] 1,387,014
[SHARES-REINVESTED] 0
[NET-CHANGE-IN-ASSETS] 7,124,510
[ACCUMULATED-NII-PRIOR] 0
[ACCUMULATED-GAINS-PRIOR] 0
[OVERDISTRIB-NII-PRIOR] (394)
[OVERDIST-NET-GAINS-PRIOR] (910,647)
[GROSS-ADVISORY-FEES] 172,167
[INTEREST-EXPENSE] 0
[GROSS-EXPENSE] 470,912
[AVERAGE-NET-ASSETS] 1,752,631
[PER-SHARE-NAV-BEGIN] 18.61
[PER-SHARE-NII] (0.17)
[PER-SHARE-GAIN-APPREC] 03.47
[PER-SHARE-DIVIDEND] 0
[PER-SHARE-DISTRIBUTIONS] 0
[RETURNS-OF-CAPITAL] 0
[PER-SHARE-NAV-END] 21.46
[EXPENSE-RATIO] 02.26
[AVG-DEBT-OUTSTANDING] 0
[AVG-DEBT-PER-SHARE] 0
</TABLE>
[ARTICLE] 6
[CIK] 0000810271
[NAME] CONCERT INVESTMENT SERIES
[SERIES]
[NUMBER] 5
[NAME] GOVERNMENT FUND. CLASS A
<TABLE>
<S> <C>
[PERIOD-TYPE] 6-MOS
[FISCAL-YEAR-END] OCT-31-1998
[PERIOD-END] APR-30-1998
[INVESTMENTS-AT-COST] 241,513,134
[INVESTMENTS-AT-VALUE] 248,121,799
[RECEIVABLES] 3,124,237
[ASSETS-OTHER] 908,127
[OTHER-ITEMS-ASSETS] 83,359
[TOTAL-ASSETS] 252,237,522
[PAYABLE-FOR-SECURITIES] 88,194
[SENIOR-LONG-TERM-DEBT] 0
[OTHER-ITEMS-LIABILITIES] 391,897
[TOTAL-LIABILITIES] 480,091
[SENIOR-EQUITY] 0
[PAID-IN-CAPITAL-COMMON] 279,058,795
[SHARES-COMMON-STOCK] 1,435,423
[SHARES-COMMON-PRIOR] 1,278,958
[ACCUMULATED-NII-CURRENT] 86,869
[OVERDISTRIBUTION-NII] 0
[ACCUMULATED-NET-GAINS] (33,996,898)
[OVERDISTRIBUTION-GAINS] 0
[ACCUM-APPREC-OR-DEPREC] 6,608,665
[NET-ASSETS] 251,757,431
[DIVIDEND-INCOME] 0
[INTEREST-INCOME] 9,358,368
[OTHER-INCOME] 0
[EXPENSES-NET] 1,251,908
[NET-INVESTMENT-INCOME] 8,086,460
[REALIZED-GAINS-CURRENT] 3,850,678
[APPREC-INCREASE-CURRENT] (3,294,806)
[NET-CHANGE-FROM-OPS] 8,642,332
[EQUALIZATION] 0
[DISTRIBUTIONS-OF-INCOME] 447
[DISTRIBUTIONS-OF-GAINS] 0
[DISTRIBUTIONS-OTHER] 0
[NUMBER-OF-SHARES-SOLD] 444,851
[NUMBER-OF-SHARES-REDEEMED] 329,839
[SHARES-REINVESTED] 41,453
[NET-CHANGE-IN-ASSETS] (45,785,900)
[ACCUMULATED-NII-PRIOR] 227,980
[ACCUMULATED-GAINS-PRIOR] (37,847,576)
[OVERDISTRIB-NII-PRIOR] 0
[OVERDIST-NET-GAINS-PRIOR] 0
[GROSS-ADVISORY-FEES] 775,998
[INTEREST-EXPENSE] 0
[GROSS-EXPENSE] 1,251,908
[AVERAGE-NET-ASSETS] 14,489,192
[PER-SHARE-NAV-BEGIN] 10.58
[PER-SHARE-NII] 00.32
[PER-SHARE-GAIN-APPREC] 00.02
[PER-SHARE-DIVIDEND] 00.33
[PER-SHARE-DISTRIBUTIONS] 0
[RETURNS-OF-CAPITAL] 0
[PER-SHARE-NAV-END] 10.59
[EXPENSE-RATIO] 01.16
[AVG-DEBT-OUTSTANDING] 0
[AVG-DEBT-PER-SHARE] 0
</TABLE>
[ARTICLE] 6
[CIK] 0000810271
[NAME] CONCERT INVESTMENT SERIES
[SERIES]
[NUMBER] 5
[NAME] GOVERNMENT FUND. CLASS B
<TABLE>
<S> <C>
[PERIOD-TYPE] 6-MOS
[FISCAL-YEAR-END] OCT-31-1998
[PERIOD-END] APR-30-1998
[INVESTMENTS-AT-COST] 241,513,134
[INVESTMENTS-AT-VALUE] 248,121,799
[RECEIVABLES] 3,124,237
[ASSETS-OTHER] 908,127
[OTHER-ITEMS-ASSETS] 83,359
[TOTAL-ASSETS] 252,237,522
[PAYABLE-FOR-SECURITIES] 88,194
[SENIOR-LONG-TERM-DEBT] 0
[OTHER-ITEMS-LIABILITIES] 391,897
[TOTAL-LIABILITIES] 480,091
[SENIOR-EQUITY] 0
[PAID-IN-CAPITAL-COMMON] 279,058,795
[SHARES-COMMON-STOCK] 1,264,683
[SHARES-COMMON-PRIOR] 1,169,696
[ACCUMULATED-NII-CURRENT] 86,869
[OVERDISTRIBUTION-NII] 0
[ACCUMULATED-NET-GAINS] (33,996,898)
[OVERDISTRIBUTION-GAINS] 0
[ACCUM-APPREC-OR-DEPREC] 6,608,665
[NET-ASSETS] 251,757,431
[DIVIDEND-INCOME] 0
[INTEREST-INCOME] 9,358,368
[OTHER-INCOME] 0
[EXPENSES-NET] 1,251,908
[NET-INVESTMENT-INCOME] 8,086,460
[REALIZED-GAINS-CURRENT] 3,850,678
[APPREC-INCREASE-CURRENT] (3,294,806)
[NET-CHANGE-FROM-OPS] 8,642,332
[EQUALIZATION] 0
[DISTRIBUTIONS-OF-INCOME] 352
[DISTRIBUTIONS-OF-GAINS] 0
[DISTRIBUTIONS-OTHER] 0
[NUMBER-OF-SHARES-SOLD] 252,121
[NUMBER-OF-SHARES-REDEEMED] 189,933
[SHARES-REINVESTED] 32,799
[NET-CHANGE-IN-ASSETS] (45,785,900)
[ACCUMULATED-NII-PRIOR] 227,980
[ACCUMULATED-GAINS-PRIOR] (37,847,576)
[OVERDISTRIB-NII-PRIOR] 0
[OVERDIST-NET-GAINS-PRIOR] 0
[GROSS-ADVISORY-FEES] 775,998
[INTEREST-EXPENSE] 0
[GROSS-EXPENSE] 1,251,908
[AVERAGE-NET-ASSETS] 12,995,169
[PER-SHARE-NAV-BEGIN] 10.58
[PER-SHARE-NII] 00.28
[PER-SHARE-GAIN-APPREC] 00.02
[PER-SHARE-DIVIDEND] 00.29
[PER-SHARE-DISTRIBUTIONS] 0
[RETURNS-OF-CAPITAL] 0
[PER-SHARE-NAV-END] 10.59
[EXPENSE-RATIO] 01.92
[AVG-DEBT-OUTSTANDING] 0
[AVG-DEBT-PER-SHARE] 0
</TABLE>
[ARTICLE] 6
[CIK] 0000810271
[NAME] CONCERT INVESTMENT SERIES
[SERIES]
[NUMBER] 5
[NAME] GOVERNMENT FUND. CLASS 1
<TABLE>
<S> <C>
[PERIOD-TYPE] 6-MOS
[FISCAL-YEAR-END] OCT-31-1998
[PERIOD-END] APR-30-1998
[INVESTMENTS-AT-COST] 241,513,134
[INVESTMENTS-AT-VALUE] 248,121,799
[RECEIVABLES] 3,124,237
[ASSETS-OTHER] 908,127
[OTHER-ITEMS-ASSETS] 83,359
[TOTAL-ASSETS] 252,237,522
[PAYABLE-FOR-SECURITIES] 88,194
[SENIOR-LONG-TERM-DEBT] 0
[OTHER-ITEMS-LIABILITIES] 391,897
[TOTAL-LIABILITIES] 480,091
[SENIOR-EQUITY] 0
[PAID-IN-CAPITAL-COMMON] 279,058,795
[SHARES-COMMON-STOCK] 21,065,414
[SHARES-COMMON-PRIOR] 22,741,103
[ACCUMULATED-NII-CURRENT] 86,869
[OVERDISTRIBUTION-NII] 0
[ACCUMULATED-NET-GAINS] (33,996,898)
[OVERDISTRIBUTION-GAINS] 0
[ACCUM-APPREC-OR-DEPREC] 6,608,665
[NET-ASSETS] 251,757,431
[DIVIDEND-INCOME] 0
[INTEREST-INCOME] 9,358,368
[OTHER-INCOME] 0
[EXPENSES-NET] 1,251,908
[NET-INVESTMENT-INCOME] 8,086,460
[REALIZED-GAINS-CURRENT] 3,850,678
[APPREC-INCREASE-CURRENT] (3,294,806)
[NET-CHANGE-FROM-OPS] 8,642,332
[EQUALIZATION] 0
[DISTRIBUTIONS-OF-INCOME] 7,478
[DISTRIBUTIONS-OF-GAINS] 0
[DISTRIBUTIONS-OTHER] 0
[NUMBER-OF-SHARES-SOLD] 587,591
[NUMBER-OF-SHARES-REDEEMED] 2,931,427
[SHARES-REINVESTED] 668,147
[NET-CHANGE-IN-ASSETS] (45,785,900)
[ACCUMULATED-NII-PRIOR] 227,980
[ACCUMULATED-GAINS-PRIOR] (37,847,576)
[OVERDISTRIB-NII-PRIOR] 0
[OVERDIST-NET-GAINS-PRIOR] 0
[GROSS-ADVISORY-FEES] 775,998
[INTEREST-EXPENSE] 0
[GROSS-EXPENSE] 1,251,908
[AVERAGE-NET-ASSETS] 237,308,047
[PER-SHARE-NAV-BEGIN] 10.58
[PER-SHARE-NII] 00.34
[PER-SHARE-GAIN-APPREC] 00.01
[PER-SHARE-DIVIDEND] 00.34
[PER-SHARE-DISTRIBUTIONS] 0
[RETURNS-OF-CAPITAL] 0
[PER-SHARE-NAV-END] 10.59
[EXPENSE-RATIO] 00.89
[AVG-DEBT-OUTSTANDING] 0
[AVG-DEBT-PER-SHARE] 0
</TABLE>
[ARTICLE] 6
[CIK] 0000810271
[NAME] CONCERT INVESTMENT SERIES
[SERIES]
[NUMBER] 6
[NAME] MUNICIPAL FUND
<TABLE>
<S> <C>
[PERIOD-TYPE] 6-MOS
[FISCAL-YEAR-END] OCT-31-1998
[PERIOD-END] APR-30-1998
[INVESTMENTS-AT-COST] 104,977,681
[INVESTMENTS-AT-VALUE] 112,400,620
[RECEIVABLES] 2,373,492
[ASSETS-OTHER] 25,451
[OTHER-ITEMS-ASSETS] 0
[TOTAL-ASSETS] 114,799,563
[PAYABLE-FOR-SECURITIES] 1,454,783
[SENIOR-LONG-TERM-DEBT] 0
[OTHER-ITEMS-LIABILITIES] 279,766
[TOTAL-LIABILITIES] 1,734,549
[SENIOR-EQUITY] 0
[PAID-IN-CAPITAL-COMMON] 104,369,016
[SHARES-COMMON-STOCK] 826,605
[SHARES-COMMON-PRIOR] 615,828
[ACCUMULATED-NII-CURRENT] 288,833
[OVERDISTRIBUTION-NII] 0
[ACCUMULATED-NET-GAINS] 984,226
[OVERDISTRIBUTION-GAINS] 0
[ACCUM-APPREC-OR-DEPREC] 7,422,939
[NET-ASSETS] 113,065,014
[DIVIDEND-INCOME] 0
[INTEREST-INCOME] 3,267,387
[OTHER-INCOME] 0
[EXPENSES-NET] 601,013
[NET-INVESTMENT-INCOME] 2,666,374
[REALIZED-GAINS-CURRENT] 1,781,686
[APPREC-INCREASE-CURRENT] (943,006)
[NET-CHANGE-FROM-OPS] 3,505,054
[EQUALIZATION] 0
[DISTRIBUTIONS-OF-INCOME] 228,731
[DISTRIBUTIONS-OF-GAINS] 96,471
[DISTRIBUTIONS-OTHER] 0
[NUMBER-OF-SHARES-SOLD] 5,395,089
[NUMBER-OF-SHARES-REDEEMED] 2,719,545
[SHARES-REINVESTED] 330,532
[NET-CHANGE-IN-ASSETS] (2,637,824)
[ACCUMULATED-NII-PRIOR] 295,311
[ACCUMULATED-GAINS-PRIOR] 948,278
[OVERDISTRIB-NII-PRIOR] 0
[OVERDIST-NET-GAINS-PRIOR] 0
[GROSS-ADVISORY-FEES] 343,200
[INTEREST-EXPENSE] 0
[GROSS-EXPENSE] 601,013
[AVERAGE-NET-ASSETS] 10,305,576
[PER-SHARE-NAV-BEGIN] 14.21
[PER-SHARE-NII] 00.31
[PER-SHARE-GAIN-APPREC] 00.03
[PER-SHARE-DIVIDEND] 00.32
[PER-SHARE-DISTRIBUTIONS] 00.13
[RETURNS-OF-CAPITAL] 0
[PER-SHARE-NAV-END] 14.10
[EXPENSE-RATIO] 01.25
[AVG-DEBT-OUTSTANDING] 0
[AVG-DEBT-PER-SHARE] 0
</TABLE>
[ARTICLE] 6
[CIK] 0000810271
[NAME] CONCERT INVESTMENT SERIES
[SERIES]
[NUMBER] 6
[NAME] MUNICIPAL FUND. CLASS B
<TABLE>
<S> <C>
[PERIOD-TYPE] 6-MOS
[FISCAL-YEAR-END] OCT-31-1998
[PERIOD-END] APR-30-1998
[INVESTMENTS-AT-COST] 104,977,681
[INVESTMENTS-AT-VALUE] 112,400,620
[RECEIVABLES] 2,373,492
[ASSETS-OTHER] 25,451
[OTHER-ITEMS-ASSETS] 0
[TOTAL-ASSETS] 114,799,563
[PAYABLE-FOR-SECURITIES] 1,454,783
[SENIOR-LONG-TERM-DEBT] 0
[OTHER-ITEMS-LIABILITIES] 279,766
[TOTAL-LIABILITIES] 1,734,549
[SENIOR-EQUITY] 0
[PAID-IN-CAPITAL-COMMON] 104,369,016
[SHARES-COMMON-STOCK] 253,947
[SHARES-COMMON-PRIOR] 198,487
[ACCUMULATED-NII-CURRENT] 288,833
[OVERDISTRIBUTION-NII] 0
[ACCUMULATED-NET-GAINS] 984,226
[OVERDISTRIBUTION-GAINS] 0
[ACCUM-APPREC-OR-DEPREC] 7,422,939
[NET-ASSETS] 113,065,014
[DIVIDEND-INCOME] 0
[INTEREST-INCOME] 3,267,387
[OTHER-INCOME] 0
[EXPENSES-NET] 601,013
[NET-INVESTMENT-INCOME] 2,666,374
[REALIZED-GAINS-CURRENT] 1,781,686
[APPREC-INCREASE-CURRENT] (943,006)
[NET-CHANGE-FROM-OPS] 3,505,054
[EQUALIZATION] 0
[DISTRIBUTIONS-OF-INCOME] 58,424
[DISTRIBUTIONS-OF-GAINS] 29,384
[DISTRIBUTIONS-OTHER] 0
[NUMBER-OF-SHARES-SOLD] 1,393,488
[NUMBER-OF-SHARES-REDEEMED] 694,954
[SHARES-REINVESTED] 92,796
[NET-CHANGE-IN-ASSETS] (2,637,824)
[ACCUMULATED-NII-PRIOR] 295,311
[ACCUMULATED-GAINS-PRIOR] 948,278
[OVERDISTRIB-NII-PRIOR] 0
[OVERDIST-NET-GAINS-PRIOR] 0
[GROSS-ADVISORY-FEES] 343,200
[INTEREST-EXPENSE] 0
[GROSS-EXPENSE] 601,013
[AVERAGE-NET-ASSETS] 3,163,690
[PER-SHARE-NAV-BEGIN] 14.20
[PER-SHARE-NII] 00.25
[PER-SHARE-GAIN-APPREC] 00.03
[PER-SHARE-DIVIDEND] 00.26
[PER-SHARE-DISTRIBUTIONS] 00.13
[RETURNS-OF-CAPITAL] 0
[PER-SHARE-NAV-END] 14.09
[EXPENSE-RATIO] 01.98
[AVG-DEBT-OUTSTANDING] 0
[AVG-DEBT-PER-SHARE] 0
</TABLE>
[ARTICLE] 6
[CIK] 0000810271
[NAME] CONCERT INVESTMENT SERIES
[SERIES]
[NUMBER] 6
[NAME] MUNICIPAL FUND. CLASS 1
<TABLE>
<S> <C>
[PERIOD-TYPE] 6-MOS
[FISCAL-YEAR-END] OCT-31-1998
[PERIOD-END] APR-30-1998
[INVESTMENTS-AT-COST] 104,977,681
[INVESTMENTS-AT-VALUE] 112,400,620
[RECEIVABLES] 2,373,492
[ASSETS-OTHER] 25,451
[OTHER-ITEMS-ASSETS] 0
[TOTAL-ASSETS] 114,799,563
[PAYABLE-FOR-SECURITIES] 1,454,783
[SENIOR-LONG-TERM-DEBT] 0
[OTHER-ITEMS-LIABILITIES] 279,766
[TOTAL-LIABILITIES] 1,734,549
[SENIOR-EQUITY] 0
[PAID-IN-CAPITAL-COMMON] 104,369,016
[SHARES-COMMON-STOCK] 6,942,319
[SHARES-COMMON-PRIOR] 7,328,426
[ACCUMULATED-NII-CURRENT] 288,833
[OVERDISTRIBUTION-NII] 0
[ACCUMULATED-NET-GAINS] 984,226
[OVERDISTRIBUTION-GAINS] 0
[ACCUM-APPREC-OR-DEPREC] 7,422,939
[NET-ASSETS] 113,065,014
[DIVIDEND-INCOME] 0
[INTEREST-INCOME] 3,267,387
[OTHER-INCOME] 0
[EXPENSES-NET] 601,013
[NET-INVESTMENT-INCOME] 2,666,374
[REALIZED-GAINS-CURRENT] 1,781,686
[APPREC-INCREASE-CURRENT] (943,006)
[NET-CHANGE-FROM-OPS] 3,505,054
[EQUALIZATION] 0
[DISTRIBUTIONS-OF-INCOME] 2,385,697
[DISTRIBUTIONS-OF-GAINS] 1,619,883
[DISTRIBUTIONS-OTHER] 0
[NUMBER-OF-SHARES-SOLD] 3,800,139
[NUMBER-OF-SHARES-REDEEMED] 12,767,432
[SHARES-REINVESTED] 3,445,599
[NET-CHANGE-IN-ASSETS] (2,637,824)
[ACCUMULATED-NII-PRIOR] 295,311
[ACCUMULATED-GAINS-PRIOR] 948,278
[OVERDISTRIB-NII-PRIOR] 0
[OVERDIST-NET-GAINS-PRIOR] 0
[GROSS-ADVISORY-FEES] 343,200
[INTEREST-EXPENSE] 0
[GROSS-EXPENSE] 601,013
[AVERAGE-NET-ASSETS] 101,144,135
[PER-SHARE-NAV-BEGIN] 14.21
[PER-SHARE-NII] 00.33
[PER-SHARE-GAIN-APPREC] 00.02
[PER-SHARE-DIVIDEND] 00.33
[PER-SHARE-DISTRIBUTIONS] 00.13
[RETURNS-OF-CAPITAL] 0
[PER-SHARE-NAV-END] 14.10
[EXPENSE-RATIO] 01.01
[AVG-DEBT-OUTSTANDING] 0
[AVG-DEBT-PER-SHARE] 0
</TABLE>
