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<PAGE> PAGE 2
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<PAGE> PAGE 3
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<PAGE> PAGE 4
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<PAGE> PAGE 5
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<PAGE> PAGE 6
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<PAGE> PAGE 7
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<PAGE> PAGE 8
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<PAGE> PAGE 9
024 000100 Y
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SIGNATURE TRACIE PERSINGER
TITLE DIRECTOR
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0001011167
<NAME> MEYERS INVESTMENT TRUST
<SERIES>
<NUMBER> 01
<NAME> THE MEYERS PRIDE VALUE FUND
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> MAY-31-1998
<PERIOD-END> MAY-31-1998
<INVESTMENTS-AT-COST> 2625910
<INVESTMENTS-AT-VALUE> 2946096
<RECEIVABLES> 202503
<ASSETS-OTHER> 120736
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 3269335
<PAYABLE-FOR-SECURITIES> 100385
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 45873
<TOTAL-LIABILITIES> 146258
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 2758190
<SHARES-COMMON-STOCK> 240637
<SHARES-COMMON-PRIOR> 127867
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 44701
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 320186
<NET-ASSETS> 3123077
<DIVIDEND-INCOME> 29549
<INTEREST-INCOME> 0
<OTHER-INCOME> 0
<EXPENSES-NET> 43086
<NET-INVESTMENT-INCOME> (13537)
<REALIZED-GAINS-CURRENT> 224583
<APPREC-INCREASE-CURRENT> 178305
<NET-CHANGE-FROM-OPS> 389351
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 121262
<NUMBER-OF-SHARES-REDEEMED> 30010
<SHARES-REINVESTED> 21518
<NET-CHANGE-IN-ASSETS> 1559656
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 81287
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 22095
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 271758
<AVERAGE-NET-ASSETS> 2209529
<PER-SHARE-NAV-BEGIN> 12.23
<PER-SHARE-NII> (0.06)
<PER-SHARE-GAIN-APPREC> 2.36
<PER-SHARE-DIVIDEND> 0
<PER-SHARE-DISTRIBUTIONS> 1.55
<RETURNS-OF-CAPITAL> 0
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</TABLE>
The Board of Trustees
of the Meyers Pride Value Fund:
In planning and performing our audit of the financial
statements of the Meyers Pride Value Fund for the year
ended May 31, 1998, we considered its internal control,
including control activities for safeguarding securities,
in order to determine our auditing procedures for the
purpose of expressing our opinion on the financial
statements and to comply with the requirements of Form
N-SAR, not to provide assurance on internal control.
The management of the Meyers Pride Value Fund is
responsible for establishing and maintaining internal
control. In fulfilling this responsibility, estimates
and judgments by management are required to assess the
expected benefits and related costs of internal control
activities. Two of the objectives of internal control
are to provide management with reasonable, but not
absolute, assurance that assets are safeguarded against
loss from unauthorized use or disposition and that
transactions are executed in accordance with management's
authorization and recorded properly to permit preparation
of financial statements in conformity with generally
accepted accounting principles.
Because of inherent limitations in internal control,
errors or fraud may occur and not be detected. Also,
projection of any evaluation of internal control to
future periods is subject to the risk that it may
become inadequate because of changes in conditions
or that the effectiveness of the design and operation
may deteriorate.
Our consideration of internal control would not necessarily
disclose all matters in internal control that might be
material weaknesses under standards established by the
American Institute of Certified Public Accountants.
A material weakness is a condition in which the design
or operation of the specific internal control components
not reduce to a relatively low level the risk that errors
or fraud in amounts that would be material in relation to
the financial statements being audited may occur and not
be detected within a timely period by employees in the
normal course of performing their assigned functions.
However, we noted no matters involving internal control,
including control activities for safeguarding securities,
that we consider to be material weaknesses as defined
above as of May 31, 1998.
This report is intended solely for the information and
use of management and the Securities and Exchange Commission.
Columbus, Ohio
July 24, 1998
