<ARTICLE>                                                        6
 
 <CIK>                                       0000721704

 <NAME>                                      GOLDEN RAINBOW FUND
 
 <SERIES>

 <NUMBER>                                                        02
 
 <NAME>                                      CLASS A

 <MULTIPLIER>                                                     1
 
        

                                          
 <PERIOD-TYPE>                               YEAR

 <FISCAL-YEAR-END>                           JUN-30-1996
 
 <PERIOD-START>                              JUL-01-1995

 <PERIOD-END>                                JUN-30-1996
 
 <INVESTMENTS-AT-COST>                                  161,208,709

 <INVESTMENTS-AT-VALUE>                                 183,086,813
 
 <RECEIVABLES>                                            1,727,612

 <ASSETS-OTHER>                                              11,586
 
 <OTHER-ITEMS-ASSETS>                                             0

 <TOTAL-ASSETS>                                         184,826,011
 
 <PAYABLE-FOR-SECURITIES>                                         0

 <SENIOR-LONG-TERM-DEBT>                                          0
 
 <OTHER-ITEMS-LIABILITIES>                                  518,949
 
 <TOTAL-LIABILITIES>                                        518,949

 <SENIOR-EQUITY>                                                  0
 
 <PAID-IN-CAPITAL-COMMON>                               164,429,171

 <SHARES-COMMON-STOCK>                                   10,494,564
 
 <SHARES-COMMON-PRIOR>                                   10,481,430

 <ACCUMULATED-NII-CURRENT>                                    8,324
 
 <OVERDISTRIBUTION-NII>                                           0

 <ACCUMULATED-NET-GAINS>                                  3,654,411
 
 <OVERDISTRIBUTION-GAINS>                                         0

 <ACCUM-APPREC-OR-DEPREC>                                16,215,156
 
 <NET-ASSETS>                                           184,307,062

 <DIVIDEND-INCOME>                                        1,772,583
 
 <INTEREST-INCOME>                                        8,040,943

 <OTHER-INCOME>                                                   0
 
 <EXPENSES-NET>                                         (2,057,358)

 <NET-INVESTMENT-INCOME>                                  7,756,168
 
 <REALIZED-GAINS-CURRENT>                                12,088,033

 <APPREC-INCREASE-CURRENT>                              (5,260,060)
 
 <NET-CHANGE-FROM-OPS>                                   14,584,141

 <EQUALIZATION>                                                   0
 
 <DISTRIBUTIONS-OF-INCOME>                              (7,849,812)

 <DISTRIBUTIONS-OF-GAINS>                              (13,926,555) 
 
 <DISTRIBUTIONS-OTHER>                                            0
 
 <NUMBER-OF-SHARES-SOLD>                                  1,286,586

 <NUMBER-OF-SHARES-REDEEMED>                            (2,390,075)
 
 <SHARES-REINVESTED>                                      1,116,623

 <NET-CHANGE-IN-ASSETS>                                 (7,165,465)
 
 <ACCUMULATED-NII-PRIOR>                                    101,968

 <ACCUMULATED-GAINS-PRIOR>                                5,492,933
 
 <OVERDISTRIB-NII-PRIOR>                                          0

 <OVERDIST-NET-GAINS-PRIOR>                                       0
 
 <GROSS-ADVISORY-FEES>                                    1,434,522

 <INTEREST-EXPENSE>                                               0
 
 <GROSS-EXPENSE>                                          2,445,841

 <AVERAGE-NET-ASSETS>                                   193,556,959
 
 <PER-SHARE-NAV-BEGIN>                                        18.27

 <PER-SHARE-NII>                                               0.73
 
 <PER-SHARE-GAIN-APPREC>                                       0.61

 <PER-SHARE-DIVIDEND>                                        (0.74)
 
 <PER-SHARE-DISTRIBUTIONS>                                   (1.31)

 <RETURNS-OF-CAPITAL>                                          0.00
 
 <PER-SHARE-NAV-END>                                          17.56

 <EXPENSE-RATIO>                                               1.06
 
 <AVG-DEBT-OUTSTANDING>                                           0
 
 <AVG-DEBT-PER-SHARE>                                             0