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

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000810271
<NAME> CONCERT INVESTMENT SERIES
<SERIES>
   <NUMBER> 4
   <NAME> INTERNATIONAL EQUITY FUND. CLASS 1
       
<S>                             <C>
<PERIOD-TYPE>                   YEAR
<FISCAL-YEAR-END>                          OCT-31-1998
<PERIOD-END>                               OCT-31-1998
<INVESTMENTS-AT-COST>                       32,758,042
<INVESTMENTS-AT-VALUE>                      39,849,789
<RECEIVABLES>                                   65,062
<ASSETS-OTHER>                                       0
<OTHER-ITEMS-ASSETS>                            72,562
<TOTAL-ASSETS>                              39,987,413
<PAYABLE-FOR-SECURITIES>                       422,597
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                      266,297
<TOTAL-LIABILITIES>                            688,894
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                    32,455,225
<SHARES-COMMON-STOCK>                          108,125
<SHARES-COMMON-PRIOR>                           90,545
<ACCUMULATED-NII-CURRENT>                            0
<OVERDISTRIBUTION-NII>                          24,826
<ACCUMULATED-NET-GAINS>                              0
<OVERDISTRIBUTION-GAINS>                       226,547
<ACCUM-APPREC-OR-DEPREC>                     7,094,667
<NET-ASSETS>                                39,298,519
<DIVIDEND-INCOME>                              218,775
<INTEREST-INCOME>                               45,142
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                 948,641
<NET-INVESTMENT-INCOME>                      (684,724)
<REALIZED-GAINS-CURRENT>                       660,236
<APPREC-INCREASE-CURRENT>                      716,646
<NET-CHANGE-FROM-OPS>                          692,158
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                            0
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                         39,075
<NUMBER-OF-SHARES-REDEEMED>                     21,495
<SHARES-REINVESTED>                                  0
<NET-CHANGE-IN-ASSETS>                       7,164,093
<ACCUMULATED-NII-PRIOR>                              0
<ACCUMULATED-GAINS-PRIOR>                            0
<OVERDISTRIB-NII-PRIOR>                          (394)
<OVERDIST-NET-GAINS-PRIOR>                   (910,647)
<GROSS-ADVISORY-FEES>                          376,585
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                948,641
<AVERAGE-NET-ASSETS>                        19,039,278
<PER-SHARE-NAV-BEGIN>                            18.16
<PER-SHARE-NII>                                 (0.21)
<PER-SHARE-GAIN-APPREC>                          01.11
<PER-SHARE-DIVIDEND>                                 0
<PER-SHARE-DISTRIBUTIONS>                            0
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              19.06
<EXPENSE-RATIO>                                  01.79
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        

</TABLE>