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

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000810271
<NAME> CONCERT INVESTMENT SERIES
<SERIES>
   <NUMBER> 1
   <NAME> EMERGING GROWTH FUND. CLASS 1
       
<S>                             <C>
<PERIOD-TYPE>                   YEAR
<FISCAL-YEAR-END>                          OCT-31-1998
<PERIOD-END>                               OCT-31-1998
<INVESTMENTS-AT-COST>                      202,661,344
<INVESTMENTS-AT-VALUE>                     209,959,425
<RECEIVABLES>                                  160,175
<ASSETS-OTHER>                                   8,555
<OTHER-ITEMS-ASSETS>                        29,070,230
<TOTAL-ASSETS>                             239,189,385
<PAYABLE-FOR-SECURITIES>                     2,817,258
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                   29,917,754
<TOTAL-LIABILITIES>                         32,735,012
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                   182,959,176
<SHARES-COMMON-STOCK>                          359,359
<SHARES-COMMON-PRIOR>                          276,032
<ACCUMULATED-NII-CURRENT>                            0
<OVERDISTRIBUTION-NII>                          13,984
<ACCUMULATED-NET-GAINS>                     16,220,100
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                     7,298,081
<NET-ASSETS>                               206,463,373
<DIVIDEND-INCOME>                              613,506
<INTEREST-INCOME>                              706,723
<OTHER-INCOME>                                       0
<EXPENSES-NET>                               3,654,404
<NET-INVESTMENT-INCOME>                    (2,334,175)
<REALIZED-GAINS-CURRENT>                    16,246,245
<APPREC-INCREASE-CURRENT>                 (32,876,137)
<NET-CHANGE-FROM-OPS>                     (18,964,067)
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                            0
<DISTRIBUTIONS-OF-GAINS>                        61,270
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                      1,502,284
<NUMBER-OF-SHARES-REDEEMED>                     69,885
<SHARES-REINVESTED>                              2,928
<NET-CHANGE-IN-ASSETS>                      20,064,736
<ACCUMULATED-NII-PRIOR>                              0
<ACCUMULATED-GAINS-PRIOR>                    1,828,333
<OVERDISTRIB-NII-PRIOR>                          2,504
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                        1,354,479
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                              3,654,404
<AVERAGE-NET-ASSETS>                         7,207,355
<PER-SHARE-NAV-BEGIN>                            22.15
<PER-SHARE-NII>                                 (0.12)
<PER-SHARE-GAIN-APPREC>                         (1.54)
<PER-SHARE-DIVIDEND>                                 0
<PER-SHARE-DISTRIBUTIONS>                        00.21
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              20.28
<EXPENSE-RATIO>                                  01.26
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        

</TABLE>