[ARTICLE] 6
[CIK] 0000810271
[NAME] CONCERT INVESTMENT SERIES
[SERIES]
   [NUMBER] 6
   [NAME] MUNICIPAL FUND. CLASS B
<TABLE>
<S>                             <C>
[PERIOD-TYPE]                   YEAR
[FISCAL-YEAR-END]                          OCT-31-1998
[PERIOD-END]                               OCT-31-1998
[INVESTMENTS-AT-COST]                      103,810,469
[INVESTMENTS-AT-VALUE]                     112,777,636
[RECEIVABLES]                                3,044,185
[ASSETS-OTHER]                                  78,792
[OTHER-ITEMS-ASSETS]                                 0
[TOTAL-ASSETS]                             115,900,613
[PAYABLE-FOR-SECURITIES]                             0
[SENIOR-LONG-TERM-DEBT]                              0
[OTHER-ITEMS-LIABILITIES]                      467,427
[TOTAL-LIABILITIES]                            467,427
[SENIOR-EQUITY]                                      0
[PAID-IN-CAPITAL-COMMON]                   104,207,161
[SHARES-COMMON-STOCK]                          387,228
[SHARES-COMMON-PRIOR]                          198,487
[ACCUMULATED-NII-CURRENT]                      411,409
[OVERDISTRIBUTION-NII]                               0
[ACCUMULATED-NET-GAINS]                      1,847,449
[OVERDISTRIBUTION-GAINS]                             0
[ACCUM-APPREC-OR-DEPREC]                     8,967,167
[NET-ASSETS]                               115,433,186
[DIVIDEND-INCOME]                                    0
[INTEREST-INCOME]                            6,585,931
[OTHER-INCOME]                                       0
[EXPENSES-NET]                               1,216,165
[NET-INVESTMENT-INCOME]                      5,369,766
[REALIZED-GAINS-CURRENT]                     1,959,166
[APPREC-INCREASE-CURRENT]                      601,222
[NET-CHANGE-FROM-OPS]                        7,930,154
[EQUALIZATION]                                       0
[DISTRIBUTIONS-OF-INCOME]                      143,232
[DISTRIBUTIONS-OF-GAINS]                        17,658
[DISTRIBUTIONS-OTHER]                                0
[NUMBER-OF-SHARES-SOLD]                        265,736
[NUMBER-OF-SHARES-REDEEMED]                     89,435
[SHARES-REINVESTED]                             12,440
[NET-CHANGE-IN-ASSETS]                       (269,652)
[ACCUMULATED-NII-PRIOR]                        295,311
[ACCUMULATED-GAINS-PRIOR]                      948,278
[OVERDISTRIB-NII-PRIOR]                              0
[OVERDIST-NET-GAINS-PRIOR]                           0
[GROSS-ADVISORY-FEES]                          687,628
[INTEREST-EXPENSE]                                   0
[GROSS-EXPENSE]                              1,216,165
[AVERAGE-NET-ASSETS]                         3,944,113
[PER-SHARE-NAV-BEGIN]                            14.20
[PER-SHARE-NII]                                  00.51
[PER-SHARE-GAIN-APPREC]                          00.33
[PER-SHARE-DIVIDEND]                             00.52
[PER-SHARE-DISTRIBUTIONS]                        00.13
[RETURNS-OF-CAPITAL]                                 0
[PER-SHARE-NAV-END]                              14.39
[EXPENSE-RATIO]                                  01.95
[AVG-DEBT-OUTSTANDING]                               0
[AVG-DEBT-PER-SHARE]                                 0
</TABLE>