<ARTICLE>       6
<SERIES>
   <NUMBER> 5
   <NAME> BELAIR CAPITAL FUND


                             
<PERIOD-TYPE>                              9-MOS
<FISCAL-YEAR-END>                          DEC-31-2000
<PERIOD-END>                               SEP-30-2000
<INVESTMENTS-AT-COST>                      4,974,948,034
<INVESTMENTS-AT-VALUE>                     3,120,423,338
<RECEIVABLES>                              12,076,236
<ASSETS-OTHER>                             34,833,906
<OTHER-ITEMS-ASSETS>                       0
<TOTAL-ASSETS>                             3,167,333,480
<PAYABLE-FOR-SECURITIES>                   0
<SENIOR-LONG-TERM-DEBT>                    969,790,536
<OTHER-ITEMS-LIABILITIES>                  52,086,369
<TOTAL-LIABILITIES>                        1,021,876,905
<SENIOR-EQUITY>                            2,145,456,575
<PAID-IN-CAPITAL-COMMON>                   0
<SHARES-COMMON-STOCK>                      15,110,588
<SHARES-COMMON-PRIOR>                      15,900,744
<ACCUMULATED-NII-CURRENT>                  0
<OVERDISTRIBUTION-NII>                     0
<ACCUMULATED-NET-GAINS>                    0
<OVERDISTRIBUTION-GAINS>                   0
<ACCUM-APPREC-OR-DEPREC>                   658,953,731
<NET-ASSETS>                               2,145,456,575
<DIVIDEND-INCOME>                          47,972,703
<INTEREST-INCOME>                          5,018,207
<OTHER-INCOME>                             7,779,044
<EXPENSES-NET>                             61,742,091
<NET-INVESTMENT-INCOME>                    (972,137)
<REALIZED-GAINS-CURRENT>                   13,936,616
<APPREC-INCREASE-CURRENT>                  152,418,650
<NET-CHANGE-FROM-OPS>                      165,383,129
<EQUALIZATION>                             0
<DISTRIBUTIONS-OF-INCOME>                  0
<DISTRIBUTIONS-OF-GAINS>                   0
<DISTRIBUTIONS-OTHER>                      7,112,726
<NUMBER-OF-SHARES-SOLD>                    0
<NUMBER-OF-SHARES-REDEEMED>                (790,156)
<SHARES-REINVESTED>                        0
<NET-CHANGE-IN-ASSETS>                     51,086,822
<ACCUMULATED-NII-PRIOR>                    0
<ACCUMULATED-GAINS-PRIOR>                  0
<OVERDISTRIB-NII-PRIOR>                    0
<OVERDIST-NET-GAINS-PRIOR>                 0
<GROSS-ADVISORY-FEES>                      5,478,299
<INTEREST-EXPENSE>                         39,952,466
<GROSS-EXPENSE>                            61,742,091
<AVERAGE-NET-ASSETS>                       2,101,028,076
<PER-SHARE-NAV-BEGIN>                      131.72
<PER-SHARE-NII>                            (0.06)
<PER-SHARE-GAIN-APPREC>                    10.32
<PER-SHARE-DIVIDEND>                       0.0
<PER-SHARE-DISTRIBUTIONS>                  0.0
<RETURNS-OF-CAPITAL>                       0
<PER-SHARE-NAV-END>                        141.98
<EXPENSE-RATIO>                            3.93