The values for the HOST statement depends on the type of your network interface.
The following types are supported:
LCS
OSA (in either QDIO, LCS, or Token Ring Mode)
CTC/ESCON
CLAW
HiperSocket
IUCV

Note that with LCS devices, things get a little confusing.  You will want to
specify CHANDEV=lcs0, but you will still need to specify eth0 on the HOST=
parameter.  This is due to the differences between the way the chandev layer
looks at things, and the way the TCP/IP layer sees them.

You MUST specify a CHANDEV= parameter if your are using a CTC, ESCON, OSA (QDIO
or Token Ring), HiperSocket or LCS network interface.  If you do not, you will
be prompted for it during installation.  Refer to the "Device Drivers and
Installation Commands" manual from IBM for what you specify here.
http://www10.software.ibm.com/developerworks/opensource/linux390/docu/lx24jun03dd04.pdf

You MUST specify a CLAW= parameter if you are using a CLAW/CIP network interface.
If you do not, you will be prompted for it during installation.

It is strongly recommended that you specify QETHPARM= for OSA and HiperSocket
network interfaces.  The values you specify here will also come from the "Device
Drivers and Installation Commands" manual.

Note that there is some duplication of function.  For CTC and IUCV connections,
you can specify the IP address of the default gateway on both the HOST= and
NETWORK= parameters.  If a value is specified on the NETWORK= parameter, it takes
precedence over that specified on the HOST= parameter.  This will (hopefully) be
changed in future releases.

HOST=fqdn:device:ipaddr [:mtu ] (for LCS and OSA ethernet devices, as well as
                                 QDIO Guest LAN interfaces)
     fqdn: your full qualified domain name of the system
     device: eth0
     ipaddr: the fixed IP address for this virtual machine
     mtu: maximum transfer units (optional)
HOST=fqdn:device:ipaddr:gateway [:mtu ] (for CTC and ESCON devices, whether
                                         virtual or real)
     fqdn: your full qualified domain name of the system
     device: ctc0
     ipaddr: the fixed IP address for this virtual machine
     gateway: IP address of the peer/gateway (the system on the other end of the CTC)
     mtu: maximum transfer units (optional)
HOST=fqdn:device:ipaddr:host:gateway [:mtu ] (for IUCV interfaces)
     fqdn: your full qualified domain name of the system
     device: iucv0
     ipaddr: the fixed IP address for this virtual machine
     host: VM userid of the IUCV partner
     gateway: IP address of the IUCV partner
     mtu: maximum transfer units (optional)
HOST=fqdn:device:ipaddr:gateway [:mtu] (for CLAW interfaces)
     fqdn: your full qualified domain name of the system
     device: ci0
     ipaddr: the fixed IP address for this system
     gateway: IP address of the default gateway
     mtu: maximum transfer units (optional)
HOST=fqdn:device:ipaddr:gateway [:mtu]  (for real or virtual HiperSockets)
     fqdn: your full qualified domain name of the system
     device: hsi0
     ipaddr: the fixed IP address for this system
     gateway: IP address of the default gateway
     mtu: maximum transfer units (optional)
HOST=fqdn:device:ipaddr:gateway [:mtu] (for Token Ring interfaces)
     fqdn: your full qualified domain name of the system
     device: tr0
     ipaddr: the fixed IP address for this system
     gateway: IP address of the default gateway
     mtu: maximum transfer units (optional)
NETWORK=network:netmask:broadcast [:gw ]
     network: the network address of your subnet. (Your IP address logically
              ANDed with the network mask.)
     netmask: the network mask for your subnet
     broadcast: the broadcast address for your subnet
     gw: IP address of the default gateway (only for CTC and IUCV devices)
LCS=base,type
     base: base device number of the LCS interface
     type: 1 for an OSA-2 in LCS mode
           2 for an OSA-Express in QDIO/QETH mode
     e.g. LCS=0xfc20,1 for an OSA-2 in LCS mode at 0xfc20
      or  LCS=0x0f000,2 for an OSA-Express in QDIO/QETH mode at 0x0f000
CLAW=lappl0:lhost0:uappl0:uhost0
     lappl0: defines the local application name and must match the claw directive
             "host-app" field (third string).  The default value is "TCPIP".
     lhost0: defines the local host name and must match the claw directive
             "host-name" field (first string).  The default value is "UTS".
     uappl0: defines the unit application name and must match the claw directive
             "device-app" field (fourth string).  The default value is "TCPIP".
     uhost0: defines the unit's name and must match the claw directive
             "device-name" field (second string).  The default value is "C7011".
CHANDEV=noauto;ctc0,readdev,writedev[,mem][,protocol][,checksum] (for CTCs)
     readdev: the device number thatis the read channel
     writedev: the device number that is the write channel
     mem: number of kilobytes to use for buffers
     protocol: 3 if connecting to z/OS
               0 is usually good for any other operating system
     checksum: 1 to calculate checksums for received IP packets, 0 to disable
CHANDEV=noauto;lcs0,readdev,writedev[,mem][,portno][,checksum][,hwstats] (for LCS)
     readdev: the device number thatis the read channel
     writedev: the device number that is the write channel
     mem: number of kilobytes to use for buffers
     portno: 0 to use relative port number 0, 1 to use port 1
     checksum: 1 to calculate checksums for received IP packets, 0 to disable
     hwstats: 1 to collect network statistics from the hardware, 0 to disable     
CHANDEV=noauto;qeth0,readdev,writedev,datadev[,mem][,portno][,checksum]
          (for OSA (QDIO and Token Ring) and HiperSockets)
     readdev: the device number that is the read channel.  This must be an even number.
     writedev: the device number that is the write channel.  This number must be readdev+1.
     datadev: the device number that is the data channel.  This number can be
              even or odd, and need not be in sequence with the read and write channels.
     mem: number of kilobytes to use for buffers
     portno: 0 to use relative port number 0, 1 to use port 1. The OSA-Express
             in QDIO mode uses only port 0, which is the default.
     checksum: 1 to calculate checksums for received IP packets, 0 to disable
QETHPARM=add_parms,chantype,lodevno,highdevno[,string]
     add_parms: the literal character string add_parms
     chantype: for CTC 0x01
               for ESCON 0x02
               for LCS 0x04
               for QETH 0x10
     lodevno: the low device number allocated to the device
     highdevno: the high device number allocated to the device
     string: addition parameters passed to the specific device driver, such as
             an OSA portname, primary or secondary router, etc.
DASD=xxx-yyy
     Range of device numbers of your DASD devices.  If you only have one,
     specify DASD=xxx
DNS=list:of:dns:servers
     the list of DNS servers,separated by colons
     e.g. DNS=10.0.0.1:10.0.0.2
     will use the DNS servers 10.0.0.1 and 10.0.0.2
SEARCHDNS=list:of:search:domains
     the list of the search domains,separated by colons
     e.g. SEARCHDNS=slack390.org:slack390.com
DEBUG=<value>
     if set to any value you will get a shell during installation to debug if
     you encounter problems.