KEYSTONE FUND OF THE AMERICAS
NSAR-A, 1997-06-24
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SIGNATURE   J.KEVIN KENELY                               
TITLE       VP FUND ADMIN       
 

WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.

<TABLE> <S> <C>

<ARTICLE> 6
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM ACCOUNTING
RECORDS AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH ACCOUNTING
RECORDS.
</LEGEND>
<SERIES>
<NUMBER>	101
<NAME>	KEYSTONE FUND OF THE AMERICAS CLASS A
<PERIOD-TYPE>	6-MOS
<FISCAL-YEAR-END>	OCT-31-1996
<PERIOD-START>	NOV-01-1996
<PERIOD-END>	APRIL-30-1997
<INVESTMENTS-AT-COST>	86,565,795
<INVESTMENTS-AT-VALUE>	110,355,802
<RECEIVABLES>	1,115,227
<ASSETS-OTHER>	45,535
<OTHER-ITEMS-ASSETS>	29,659
<TOTAL-ASSETS>	111,546,223
<PAYABLE-FOR-SECURITIES>	97,898
<SENIOR-LONG-TERM-DEBT>	0
<OTHER-ITEMS-LIABILITIES>	292,472
<TOTAL-LIABILITIES>	390,370
<SENIOR-EQUITY>	0
<PAID-IN-CAPITAL-COMMON>	10,723,832
<SHARES-COMMON-STOCK>	929,301
<SHARES-COMMON-PRIOR>	990,646
<ACCUMULATED-NII-CURRENT>	302,320
<OVERDISTRIBUTION-NII>	0
<ACCUMULATED-NET-GAINS>	0
<OVERDISTRIBUTION-GAINS>	(825,274)
<ACCUM-APPREC-OR-DEPREC>	2,686,244
<NET-ASSETS>	12,887,122
<DIVIDEND-INCOME>	148,781
<INTEREST-INCOME>	0
<OTHER-INCOME>	0
<EXPENSES-NET>	(105,400)
<NET-INVESTMENT-INCOME>	43,381
<REALIZED-GAINS-CURRENT>	1,225,783
<APPREC-INCREASE-CURRENT>	1,316,049
<NET-CHANGE-FROM-OPS>	2,585,213
<EQUALIZATION>	0
<DISTRIBUTIONS-OF-INCOME>	(91,845)
<DISTRIBUTIONS-OF-GAINS>	0
<DISTRIBUTIONS-OTHER>	0
<NUMBER-OF-SHARES-SOLD>	163,403
<NUMBER-OF-SHARES-REDEEMED>	(231,907)
<SHARES-REINVESTED>	7,159
<NET-CHANGE-IN-ASSETS>	1,865,630
<ACCUMULATED-NII-PRIOR>	350,784
<ACCUMULATED-GAINS-PRIOR>	0
<OVERDISTRIB-NII-PRIOR>	0
<OVERDIST-NET-GAINS-PRIOR>	(2,051,057)
<GROSS-ADVISORY-FEES>	(42,581)
<INTEREST-EXPENSE>	0
<GROSS-EXPENSE>	(105,400)
<AVERAGE-NET-ASSETS>	12,783,890
<PER-SHARE-NAV-BEGIN>	9.86
<PER-SHARE-NII>	0.39
<PER-SHARE-GAIN-APPREC>	1.24
<PER-SHARE-DIVIDEND>	(0.36)
<PER-SHARE-DISTRIBUTIONS>	0.00
<RETURNS-OF-CAPITAL>	0.00
<PER-SHARE-NAV-END>	11.13
<EXPENSE-RATIO>	1.83
<AVG-DEBT-OUTSTANDING>	0
<AVG-DEBT-PER-SHARE>	0

</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.

<TABLE> <S> <C>

<ARTICLE> 6
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM ACCOUNTING
RECORDS AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH ACCOUNTING
RECORDS.
</LEGEND>
<SERIES>
<NUMBER>	102
<NAME>	KEYSTONE FUND OF THE AMERICAS CLASS B
<PERIOD-TYPE>	6-MOS
<FISCAL-YEAR-END>	OCT-31-1996
<PERIOD-START>	NOV-01-1996
<PERIOD-END>	APRIL-30-1997
<INVESTMENTS-AT-COST>	86,565,795
<INVESTMENTS-AT-VALUE>	110,355,802
<RECEIVABLES>	1,115,227
<ASSETS-OTHER>	45,535
<OTHER-ITEMS-ASSETS>	29,659
<TOTAL-ASSETS>	111,546,223
<PAYABLE-FOR-SECURITIES>	97,898
<SENIOR-LONG-TERM-DEBT>	0
<OTHER-ITEMS-LIABILITIES>	292,472
<TOTAL-LIABILITIES>	390,370
<SENIOR-EQUITY>	0
<PAID-IN-CAPITAL-COMMON>	70,730,175
<SHARES-COMMON-STOCK>	6,360,554
<SHARES-COMMON-PRIOR>	7,194,502
<ACCUMULATED-NII-CURRENT>	1,910
<OVERDISTRIBUTION-NII>	0
<ACCUMULATED-NET-GAINS>	0
<OVERDISTRIBUTION-GAINS>	(2,915,950)
<ACCUM-APPREC-OR-DEPREC>	19,098,539
<NET-ASSETS>	86,914,674
<DIVIDEND-INCOME>	1,077,887
<INTEREST-INCOME>	0
<OTHER-INCOME>	0
<EXPENSES-NET>	(1,097,931)
<NET-INVESTMENT-INCOME>	(20,044)
<REALIZED-GAINS-CURRENT>	9,027,837
<APPREC-INCREASE-CURRENT>	10,014,894
<NET-CHANGE-FROM-OPS>	19,022,687
<EQUALIZATION>	0
<DISTRIBUTIONS-OF-INCOME>	(569,802)
<DISTRIBUTIONS-OF-GAINS>	0
<DISTRIBUTIONS-OTHER>	0
<NUMBER-OF-SHARES-SOLD>	673,347
<NUMBER-OF-SHARES-REDEEMED>	(1,551,720)
<SHARES-REINVESTED>	44,425
<NET-CHANGE-IN-ASSETS>	7,888,215
<ACCUMULATED-NII-PRIOR>	591,755
<ACCUMULATED-GAINS-PRIOR>	0
<OVERDISTRIB-NII-PRIOR>	0
<OVERDIST-NET-GAINS-PRIOR>	(11,943,787)
<GROSS-ADVISORY-FEES>	(314,662)
<INTEREST-EXPENSE>	0
<GROSS-EXPENSE>	(1,097,931)
<AVERAGE-NET-ASSETS>	88,635,640
<PER-SHARE-NAV-BEGIN>	9.76
<PER-SHARE-NII>	0.23
<PER-SHARE-GAIN-APPREC>	1.30
<PER-SHARE-DIVIDEND>	(0.31)
<PER-SHARE-DISTRIBUTIONS>	0.00
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<PER-SHARE-NAV-END>	10.98
<EXPENSE-RATIO>	2.59
<AVG-DEBT-OUTSTANDING>	0
<AVG-DEBT-PER-SHARE>	0

</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.

<TABLE> <S> <C>

<ARTICLE> 6
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM ACCOUNTING
RECORDS AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH ACCOUNTING
RECORDS.
</LEGEND>
<SERIES>
<NUMBER>	103
<NAME>	KEYSTONE FUND OF THE AMERICAS CLASS C
<PERIOD-TYPE>	6-MOS
<FISCAL-YEAR-END>	OCT-31-1996
<PERIOD-START>	NOV-01-1996
<PERIOD-END>	APRIL-30-1997
<INVESTMENTS-AT-COST>	86,565,795
<INVESTMENTS-AT-VALUE>	110,355,802
<RECEIVABLES>	1,115,227
<ASSETS-OTHER>	45,535
<OTHER-ITEMS-ASSETS>	29,659
<TOTAL-ASSETS>	111,546,223
<PAYABLE-FOR-SECURITIES>	97,898
<SENIOR-LONG-TERM-DEBT>	0
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<SENIOR-EQUITY>	0
<PAID-IN-CAPITAL-COMMON>	9,748,912
<SHARES-COMMON-STOCK>	830,709
<SHARES-COMMON-PRIOR>	800,097
<ACCUMULATED-NII-CURRENT>	0
<OVERDISTRIBUTION-NII>	(8,269)
<ACCUMULATED-NET-GAINS>	0
<OVERDISTRIBUTION-GAINS>	(390,598)
<ACCUM-APPREC-OR-DEPREC>	2,004,012
<NET-ASSETS>	11,354,057
<DIVIDEND-INCOME>	130,360
<INTEREST-INCOME>	0
<OTHER-INCOME>	0
<EXPENSES-NET>	(127,561)
<NET-INVESTMENT-INCOME>	2,799
<REALIZED-GAINS-CURRENT>	1,056,207
<APPREC-INCREASE-CURRENT>	1,132,460
<NET-CHANGE-FROM-OPS>	2,191,466
<EQUALIZATION>	0
<DISTRIBUTIONS-OF-INCOME>	(62,177)
<DISTRIBUTIONS-OF-GAINS>	0
<DISTRIBUTIONS-OTHER>	0
<NUMBER-OF-SHARES-SOLD>	132,311
<NUMBER-OF-SHARES-REDEEMED>	(106,540)
<SHARES-REINVESTED>	4,841
<NET-CHANGE-IN-ASSETS>	2,562,847
<ACCUMULATED-NII-PRIOR>	51,110
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<OVERDISTRIB-NII-PRIOR>	0
<OVERDIST-NET-GAINS-PRIOR>	(1,446,805)
<GROSS-ADVISORY-FEES>	(36,572)
<INTEREST-EXPENSE>	0
<GROSS-EXPENSE>	(127,561)
<AVERAGE-NET-ASSETS>	9,408,810
<PER-SHARE-NAV-BEGIN>	9.77
<PER-SHARE-NII>	0.23
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<PER-SHARE-NAV-END>	10.99
<EXPENSE-RATIO>	2.59
<AVG-DEBT-OUTSTANDING>	0
<AVG-DEBT-PER-SHARE>	0

</TABLE>


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