[ARTICLE] 6
[CIK] 0000810271
[NAME] CONCERT INVESTMENT SERIES
[SERIES]
   [NUMBER] 3
   [NAME] GROWTH AND INCOME FUND. CLASS B
<TABLE>
<S>                             <C>
[PERIOD-TYPE]                   YEAR
[FISCAL-YEAR-END]                          OCT-31-1998
[PERIOD-END]                               OCT-31-1998
[INVESTMENTS-AT-COST]                    1,055,872,344
[INVESTMENTS-AT-VALUE]                   1,338,803,941
[RECEIVABLES]                                3,619,121
[ASSETS-OTHER]                             114,959,987
[OTHER-ITEMS-ASSETS]                                 0
[TOTAL-ASSETS]                           1,457,383,049
[PAYABLE-FOR-SECURITIES]                             0
[SENIOR-LONG-TERM-DEBT]                              0
[OTHER-ITEMS-LIABILITIES]                  117,773,471
[TOTAL-LIABILITIES]                        117,773,471
[SENIOR-EQUITY]                                      0
[PAID-IN-CAPITAL-COMMON]                 1,003,266,514
[SHARES-COMMON-STOCK]                        7,394,916
[SHARES-COMMON-PRIOR]                        4,953,823
[ACCUMULATED-NII-CURRENT]                     (58,299)
[OVERDISTRIBUTION-NII]                               0
[ACCUMULATED-NET-GAINS]                     53,525,051
[OVERDISTRIBUTION-GAINS]                             0
[ACCUM-APPREC-OR-DEPREC]                   282,931,597
[NET-ASSETS]                             1,339,609,578
[DIVIDEND-INCOME]                           18,183,196
[INTEREST-INCOME]                            5,070,940
[OTHER-INCOME]                                       0
[EXPENSES-NET]                              12,679,133
[NET-INVESTMENT-INCOME]                     10,575,003
[REALIZED-GAINS-CURRENT]                    53,525,051
[APPREC-INCREASE-CURRENT]                   72,944,136
[NET-CHANGE-FROM-OPS]                      137,044,190
[EQUALIZATION]                                       0
[DISTRIBUTIONS-OF-INCOME]                      159,143
[DISTRIBUTIONS-OF-GAINS]                    16,836,870
[DISTRIBUTIONS-OTHER]                                0
[NUMBER-OF-SHARES-SOLD]                      2,792,516
[NUMBER-OF-SHARES-REDEEMED]                  1,325,667
[SHARES-REINVESTED]                            974,244
[NET-CHANGE-IN-ASSETS]                     249,064,793
[ACCUMULATED-NII-PRIOR]                        991,411
[ACCUMULATED-GAINS-PRIOR]                  206,793,123
[OVERDISTRIB-NII-PRIOR]                              0
[OVERDIST-NET-GAINS-PRIOR]                           0
[GROSS-ADVISORY-FEES]                        8,627,108
[INTEREST-EXPENSE]                                   0
[GROSS-EXPENSE]                             12,679,133
[AVERAGE-NET-ASSETS]                       122,091,709
[PER-SHARE-NAV-BEGIN]                            20.07
[PER-SHARE-NII]                                 (00.01)
[PER-SHARE-GAIN-APPREC]                          01.71
[PER-SHARE-DIVIDEND]                             00.04
[PER-SHARE-DISTRIBUTIONS]                        03.25
[RETURNS-OF-CAPITAL]                                 0
[PER-SHARE-NAV-END]                              18.48
[EXPENSE-RATIO]                                  01.81
[AVG-DEBT-OUTSTANDING]                               0
[AVG-DEBT-PER-SHARE]                                 0
</TABLE>