THIRD AVENUE TRUST
NSAR-A, 1999-06-25
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<PAGE>      PAGE  1
000 A000000 04/30/99
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000 J000000 A
001 A000000 THIRD AVENUE TRUST
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001 C000000 2128886685
002 A000000 767 THIRD AVENUE
002 B000000 NEW YORK
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002 D010000 10017
002 D020000 2023
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004  000000 N
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006  000000 N
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007 C010100  1
007 C020100 THIRD AVENUE VALUE FUND
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007 C010200  2
007 C020200 THIRD AVENUE SMALL-CAP VALUE FUND
007 C030200 N
007 C010300  3
007 C020300 THIRD AVENUE HIGH YIELD FUND
007 C030300 N
007 C010400  4
007 C020400 THIRD AVENUE REAL ESTATE VALUE FUND
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007 C010500  5
007 C010600  6
007 C010700  7
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007 C010900  9
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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
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<PAGE>      PAGE  10
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<PAGE>      PAGE  11
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<PAGE>      PAGE  12
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<PAGE>      PAGE  13
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<PAGE>      PAGE  14
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<PAGE>      PAGE  15
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<PAGE>      PAGE  16
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<PAGE>      PAGE  17
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<PAGE>      PAGE  18
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<PAGE>      PAGE  19
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<PAGE>      PAGE  20
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SIGNATURE   MICHELLE WHALEN
TITLE       MGR. COMPLIANCE


WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.

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<CIK> 0001031661
<NAME> THIRD AVENUE TRUST
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   <NAME> THIRD AVENUE VALUE FUND
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WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0001031661
<NAME> THIRD AVENUE TRUST
<SERIES>
   <NUMBER> 2
   <NAME> THIRD AVENUE SMALL CAP FUND
<MULTIPLIER> 1

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WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0001031661
<NAME> THIRD AVENUE TRUST
<SERIES>
   <NUMBER> 3
   <NAME> THIRD AVENUE HIGH YIELD FUND
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</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0001031661
<NAME> THIRD AVENUE TRUST
<SERIES>
   <NUMBER> 4
   <NAME> THIRD AVENUE REAL ESTATE VALUE FUND
<MULTIPLIER> 1

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