[ARTICLE] 6
[CIK] 0000810271
[NAME] CONCERT INVESTMENT SERIES
[SERIES]
   [NUMBER] 4
   [NAME] INTERNATIONAL EQUITY FUND. CLASS B
<TABLE>
<S>                             <C>
[PERIOD-TYPE]                   YEAR
[FISCAL-YEAR-END]                          OCT-31-1998
[PERIOD-END]                               OCT-31-1998
[INVESTMENTS-AT-COST]                       32,758,042
[INVESTMENTS-AT-VALUE]                      39,849,789
[RECEIVABLES]                                   65,062
[ASSETS-OTHER]                                       0
[OTHER-ITEMS-ASSETS]                            72,562
[TOTAL-ASSETS]                              39,987,413
[PAYABLE-FOR-SECURITIES]                       422,597
[SENIOR-LONG-TERM-DEBT]                              0
[OTHER-ITEMS-LIABILITIES]                      266,297
[TOTAL-LIABILITIES]                            688,894
[SENIOR-EQUITY]                                      0
[PAID-IN-CAPITAL-COMMON]                    32,455,225
[SHARES-COMMON-STOCK]                          953,030
[SHARES-COMMON-PRIOR]                          718,557
[ACCUMULATED-NII-CURRENT]                            0
[OVERDISTRIBUTION-NII]                          24,826
[ACCUMULATED-NET-GAINS]                              0
[OVERDISTRIBUTION-GAINS]                       226,547
[ACCUM-APPREC-OR-DEPREC]                     7,094,667
[NET-ASSETS]                                39,298,519
[DIVIDEND-INCOME]                              218,775
[INTEREST-INCOME]                               45,142
[OTHER-INCOME]                                       0
[EXPENSES-NET]                                 948,641
[NET-INVESTMENT-INCOME]                      (684,724)
[REALIZED-GAINS-CURRENT]                       660,236
[APPREC-INCREASE-CURRENT]                      716,646
[NET-CHANGE-FROM-OPS]                          692,158
[EQUALIZATION]                                       0
[DISTRIBUTIONS-OF-INCOME]                            0
[DISTRIBUTIONS-OF-GAINS]                             0
[DISTRIBUTIONS-OTHER]                                0
[NUMBER-OF-SHARES-SOLD]                        331,033
[NUMBER-OF-SHARES-REDEEMED]                    159,560
[SHARES-REINVESTED]                                  0
[NET-CHANGE-IN-ASSETS]                       7,164,093
[ACCUMULATED-NII-PRIOR]                              0
[ACCUMULATED-GAINS-PRIOR]                            0
[OVERDISTRIB-NII-PRIOR]                          (394)
[OVERDIST-NET-GAINS-PRIOR]                   (910,647)
[GROSS-ADVISORY-FEES]                          376,585
[INTEREST-EXPENSE]                                   0
[GROSS-EXPENSE]                                948,641
[AVERAGE-NET-ASSETS]                         1,948,846
[PER-SHARE-NAV-BEGIN]                            17.81
[PER-SHARE-NII]                                 (0.39)
[PER-SHARE-GAIN-APPREC]                          01.02
[PER-SHARE-DIVIDEND]                                 0
[PER-SHARE-DISTRIBUTIONS]                            0
[RETURNS-OF-CAPITAL]                                 0
[PER-SHARE-NAV-END]                              18.44
[EXPENSE-RATIO]                                  03.11
[AVG-DEBT-OUTSTANDING]                               0
[AVG-DEBT-PER-SHARE]                                 0
</TABLE>