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

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000810271
<NAME> CONCERT INVESTMENT SERIES
<SERIES>
   <NUMBER> 2
   <NAME> GROWTH FUND. CLASS 1

<S>                             <C>
<PERIOD-TYPE>                   YEAR
<FISCAL-YEAR-END>                          OCT-31-1999
<PERIOD-END>                               OCT-31-1999
<INVESTMENTS-AT-COST>                    3,356,666,738
<INVESTMENTS-AT-VALUE>                   5,194,139,999
<RECEIVABLES>                               34,068,756
<ASSETS-OTHER>                             507,222,083
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                           5,735,430,838
<PAYABLE-FOR-SECURITIES>                    44,468,584
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                  515,154,850
<TOTAL-LIABILITIES>                        559,623,434
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                 2,995,641,134
<SHARES-COMMON-STOCK>                      183,673,088
<SHARES-COMMON-PRIOR>                      186,668,072
<ACCUMULATED-NII-CURRENT>                   11,654,093
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                    331,038,916
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                 1,837,473,261
<NET-ASSETS>                             5,175,807,404
<DIVIDEND-INCOME>                           37,505,456
<INTEREST-INCOME>                           15,460,717
<OTHER-INCOME>                                       0
<EXPENSES-NET>                              39,874,671
<NET-INVESTMENT-INCOME>                     13,091,502
<REALIZED-GAINS-CURRENT>                   349,982,436
<APPREC-INCREASE-CURRENT>                1,037,236,660
<NET-CHANGE-FROM-OPS>                    1,400,310,598
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                      495,099
<DISTRIBUTIONS-OF-GAINS>                    17,672,422
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                      9,411,963
<NUMBER-OF-SHARES-REDEEMED>                 29,090,514
<SHARES-REINVESTED>                         16,683,567
<NET-CHANGE-IN-ASSETS>                   1,157,248,544
<ACCUMULATED-NII-PRIOR>                     18,724,593
<ACCUMULATED-GAINS-PRIOR>                  352,711,708
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                       26,462,719
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                      0
<AVERAGE-NET-ASSETS>                       265,674,990
<PER-SHARE-NAV-BEGIN>                            19.59
<PER-SHARE-NII>                                  00.08
<PER-SHARE-GAIN-APPREC>                          06.62
<PER-SHARE-DIVIDEND>                             00.11
<PER-SHARE-DISTRIBUTIONS>                        01.82
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              24.36
<EXPENSE-RATIO>                                  00.76


</TABLE>