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

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000810271
<NAME> CONCERT INVESTMENT SERIES
<SERIES>
   <NUMBER> 3
   <NAME> GROWTH AND INCOME FUND. CLASS 1
       
<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>                       58,201,064
<SHARES-COMMON-PRIOR>                       54,584,869
<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>                   10,703,184
<DISTRIBUTIONS-OF-GAINS>                   176,186,642
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                      2,929,819
<NUMBER-OF-SHARES-REDEEMED>                 10,065,660
<SHARES-REINVESTED>                         10,752,036
<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>                     1,130,553,803
<PER-SHARE-NAV-BEGIN>                            20.10
<PER-SHARE-NII>                                  00.18
<PER-SHARE-GAIN-APPREC>                          01.70
<PER-SHARE-DIVIDEND>                             00.20
<PER-SHARE-DISTRIBUTIONS>                        03.25
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              18.53
<EXPENSE-RATIO>                                  00.90
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        

</TABLE>