<ARTICLE> 6 <SERIES> <NUMBER> 5 <NAME> BELAIR CAPITAL FUND <PERIOD-TYPE> 9-MOS <FISCAL-YEAR-END> DEC-31-1999 <PERIOD-END> SEP-30-1999 <INVESTMENTS-AT-COST> 2,272,347,422 <INVESTMENTS-AT-VALUE> 2,479,188,542 <RECEIVABLES> 14,739,550 <ASSETS-OTHER> 366,343 <OTHER-ITEMS-ASSETS> 25,914,000 <TOTAL-ASSETS> 2,520,208,495 <PAYABLE-FOR-SECURITIES> 0 <SENIOR-LONG-TERM-DEBT> 645,000,000 <OTHER-ITEMS-LIABILITIES> 6,021,948 <TOTAL-LIABILITIES> 651,021,948 <SENIOR-EQUITY> 0 <PAID-IN-CAPITAL-COMMON> 1,716,881,706 <SHARES-COMMON-STOCK> 16,053,481 <SHARES-COMMON-PRIOR> 16,568,833 <ACCUMULATED-NII-CURRENT> 19,902 <OVERDISTRIBUTION-NII> 0 <ACCUMULATED-NET-GAINS> (63,089,652) <OVERDISTRIBUTION-GAINS> 0 <ACCUM-APPREC-OR-DEPREC> 215,374,591 <NET-ASSETS> 1,869,186,547 <DIVIDEND-INCOME> 48,433,889 <INTEREST-INCOME> 4,176,136 <OTHER-INCOME> 0 <EXPENSES-NET> 47,286,935 <NET-INVESTMENT-INCOME> 5,323,090 <REALIZED-GAINS-CURRENT> (8,001,500) <APPREC-INCREASE-CURRENT> 2,014,396 <NET-CHANGE-FROM-OPS> (664,014) <EQUALIZATION> 0 <DISTRIBUTIONS-OF-INCOME> 0 <DISTRIBUTIONS-OF-GAINS> 0 <DISTRIBUTIONS-OTHER> 0 <NUMBER-OF-SHARES-SOLD> 0 <NUMBER-OF-SHARES-REDEEMED> (515,352) <SHARES-REINVESTED> 0 <NET-CHANGE-IN-ASSETS> (63,661,825) <ACCUMULATED-NII-PRIOR> (5,303,188) <ACCUMULATED-GAINS-PRIOR> (55,088,152) <OVERDISTRIB-NII-PRIOR> 0 <OVERDIST-NET-GAINS-PRIOR> 0 <GROSS-ADVISORY-FEES> 4,847,333 <INTEREST-EXPENSE> 31,540,823 <GROSS-EXPENSE> 47,286,935 <AVERAGE-NET-ASSETS> 1,997,919,000 <PER-SHARE-NAV-BEGIN> 116.66 <PER-SHARE-NII> 0.334 <PER-SHARE-GAIN-APPREC> (0.564) <PER-SHARE-DIVIDEND> 0 <PER-SHARE-DISTRIBUTIONS> 0 <RETURNS-OF-CAPITAL> 0 <PER-SHARE-NAV-END> 116.43 <EXPENSE-RATIO> 3.16