[ARTICLE] 6
[CIK] 0000810271
[NAME] CONCERT INVESTMENT SERIES
[SERIES]
   [NUMBER] 1
   [NAME] EMERGING GROWTH FUND. CLASS B
<TABLE>
<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]                        4,663,477
[SHARES-COMMON-PRIOR]                        3,684,878
[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]                       803,508
[DISTRIBUTIONS-OTHER]                                0
[NUMBER-OF-SHARES-SOLD]                      1,747,097
[NUMBER-OF-SHARES-REDEEMED]                    810,261
[SHARES-REINVESTED]                             41,763
[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]                        90,607,241
[PER-SHARE-NAV-BEGIN]                            21.63
[PER-SHARE-NII]                                 (0.30)
[PER-SHARE-GAIN-APPREC]                         (1.52)
[PER-SHARE-DIVIDEND]                                 0
[PER-SHARE-DISTRIBUTIONS]                        00.21
[RETURNS-OF-CAPITAL]                                 0
[PER-SHARE-NAV-END]                              19.60
[EXPENSE-RATIO]                                  02.18
[AVG-DEBT-OUTSTANDING]                               0
[AVG-DEBT-PER-SHARE]                                 0
</TABLE>