NUVEEN INVESTMENT TRUST III
NSAR-A, 2000-05-24
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<PAGE>      PAGE  1
000 A000000 03/31/2000
000 C000000 0001071336
000 D000000 N
000 E000000 NF
000 F000000 Y
000 G000000 N
000 H000000 N
000 I000000 6.1
000 J000000 A
001 A000000 NUVEEN INVESTMENT TRUST III
001 B000000 811-09037
001 C000000 3129178200
002 A000000 333 WEST WACKER DRIVE
002 B000000 CHICAGO
002 C000000 IL
002 D010000 60606
002 D020000 1286
003  000000 N
004  000000 N
005  000000 N
006  000000 N
007 A000000 Y
007 B000000  1
007 C010100  1
007 C020100 NUVEEN INCOME FUND
007 C030100 N
007 C010200  2
007 C010300  3
007 C010400  4
007 C010500  5
007 C010600  6
007 C010700  7
007 C010800  8
007 C010900  9
007 C011000 10
008 A00AA01 NUVEEN INSTITUTIONAL ADVISORY CORP
008 B00AA01 A
008 C00AA01 801-36793
008 D01AA01 CHICAGO
008 D02AA01 IL
008 D03AA01 60606
008 D04AA01 1286
011 A00AA01 JOHN NUVEEN & CO. INCORPORATED
011 B00AA01 8-13464
011 C01AA01 CHICAGO
011 C02AA01 IL
011 C03AA01 60606
011 C04AA01 1286
012 A00AA01 CHASE GLOBAL FUNDS SERVICES
012 B00AA01 85-10233
012 C01AA01 NEW YORK
<PAGE>      PAGE  2
012 C02AA01 NY
012 C03AA01 10003
013 A00AA01 ARTHUR ANDERSEN & CO.
013 B01AA01 CHICAGO
013 B02AA01 IL
013 B03AA01 60603
014 A00AA01 JOHN NUVEEN & CO.,INCORPORATED
014 B00AA01 8-13464
015 A00AA01 CHASE MANHATTAN BANK, N.A.
015 B00AA01 C
015 C01AA01 NEW YORK
015 C02AA01 NY
015 C03AA01 10003
015 E01AA01 X
015 A00AA02 BANK OF NEW YORK
015 B00AA02 S
015 C01AA02 NEW YORK
015 C02AA02 NY
015 C03AA02 10007
015 E01AA02 X
015 A00AA03 BANKERS TRUST COMPANY
015 B00AA03 S
015 C01AA03 NEW YORK
015 C02AA03 NY
015 C03AA03 10015
015 E01AA03 X
015 A00AA04 NATIONSBANK OF NORTH CAROLINA N. A.
015 B00AA04 S
015 C01AA04 CHARLOTTE
015 C02AA04 NC
015 C03AA04 28255
015 E01AA04 X
018  00AA00 Y
019 A00AA00 Y
019 B00AA00  106
019 C00AA00 NUVEENFUND
020 C000001      0
020 C000002      0
020 C000003      0
020 C000004      0
020 C000005      0
020 C000006      0
020 C000007      0
020 C000008      0
020 C000009      0
020 C000010      0
021  000000        0
022 A000001 MERRILL LYNCH
022 B000001 13-5674085
022 C000001     72919
022 D000001     72619
<PAGE>      PAGE  3
022 A000002 GOLDMAN, SACHS & COMPANY
022 B000002 13-5108880
022 C000002     24976
022 D000002     18539
022 A000003 GMS CORPORATION
022 B000003 13-2982938
022 C000003         0
022 D000003      2870
022 A000004 MORGAN STANLEY DEAN WITTER
022 B000004 13-2655998
022 C000004       468
022 D000004         0
022 A000005 FIRST ALBANY
022 B000005 14-1391446
022 C000005       250
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054 C00AA00 N
054 D00AA00 N
<PAGE>      PAGE  4
054 E00AA00 N
054 F00AA00 N
054 G00AA00 N
054 H00AA00 Y
054 I00AA00 N
054 J00AA00 Y
054 K00AA00 N
054 L00AA00 N
054 M00AA00 Y
054 N00AA00 N
054 O00AA00 Y
058 A00AA00 N
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028 A010100       335
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<PAGE>      PAGE  5
028 C040100       155
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028 F040100       389
028 G010100      2441
028 G020100        57
028 G030100         0
028 G040100      1164
028 H000100      2441
029  000100 Y
030 A000100      1
030 B000100  4.75
030 C000100  0.00
031 A000100      0
031 B000100      0
032  000100      1
033  000100      0
034  000100 Y
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048 A020100 0.600
<PAGE>      PAGE  6
048 B010100   125000
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048 D020100 0.563
048 E010100  1000000
048 E020100 0.550
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048 H020100 0.000
048 I010100        0
048 I020100 0.000
048 J010100        0
048 J020100 0.000
048 K010100  2000000
048 K020100 0.525
049  000100 N
050  000100 N
051  000100 N
052  000100 N
053 A000100 Y
053 B000100 Y
053 C000100 N
055 A000100 Y
055 B000100 N
056  000100 N
057  000100 N
062 A000100 Y
062 B000100   0.0
062 C000100   0.0
062 D000100   0.0
062 E000100   0.0
062 F000100   0.0
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062 H000100   0.0
062 I000100  17.4
062 J000100   0.0
062 K000100   0.0
062 L000100   0.0
062 M000100  57.4
062 N000100   0.0
062 O000100   0.0
062 P000100  44.4
062 Q000100   1.5
062 R000100   0.0
063 A000100   0
063 B000100 12.9
<PAGE>      PAGE  7
064 A000100 Y
064 B000100 N
070 A010100 Y
070 A020100 N
070 B010100 N
070 B020100 N
070 C010100 Y
070 C020100 N
070 D010100 N
070 D020100 N
070 E010100 Y
070 E020100 N
070 F010100 N
070 F020100 N
070 G010100 Y
070 G020100 N
070 H010100 N
070 H020100 N
070 I010100 N
070 I020100 N
070 J010100 Y
070 J020100 N
070 K010100 Y
070 K020100 N
070 L010100 Y
070 L020100 N
070 M010100 N
070 M020100 N
070 N010100 N
070 N020100 N
070 O010100 N
070 O020100 N
070 P010100 N
070 P020100 N
070 Q010100 N
070 Q020100 N
070 R010100 N
070 R020100 N
071 A000100     26197
071 B000100     23185
071 C000100     16118
071 D000100  144
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072 F000100       51
072 G000100        0
072 H000100        0
072 I000100        3
<PAGE>      PAGE  8
072 J000100       21
072 K000100        4
072 L000100        6
072 M000100        0
072 N000100       36
072 O000100        0
072 P000100        0
072 Q000100        0
072 R000100        5
072 S000100       15
072 T000100       32
072 U000100        0
072 V000100        0
072 W000100        1
072 X000100      173
072 Y000100       74
072 Z000100      563
072AA000100        0
072BB000100      271
072CC010100        0
072CC020100      138
072DD010100      317
072DD020100      217
072EE000100        0
073 A010100   0.0000
073 A020100   0.0000
073 B000100   0.0000
073 C000100   0.0000
074 A000100      864
074 B000100        0
074 C000100        0
074 D000100        0
074 E000100        0
074 F000100    20729
074 G000100        0
074 H000100        0
074 I000100        0
074 J000100      970
074 K000100        0
074 L000100      279
074 M000100        2
074 N000100    22844
074 O000100     5401
074 P000100        0
074 Q000100        0
074 R010100        0
074 R020100        0
074 R030100        0
074 R040100      265
074 S000100        0
074 T000100    17178
<PAGE>      PAGE  9
074 U010100      510
074 U020100      414
074 V010100     0.00
074 V020100     0.00
074 W000100   0.0000
074 X000100      144
074 Y000100     4473
075 A000100        0
075 B000100    17067
076  000100     0.00
083 B000100        0
084 B000100        0
SIGNATURE   STEPHEN D. FOY
TITLE       V.P. & CONTROLLER



<TABLE> <S> <C>

<ARTICLE> 6
<LEGEND>
This schedule contains Summary Financial Information extracted from the Form
N-SAR and the financial statements and is qualified in its entirety by
references to such documents.
</LEGEND>
<SERIES>
   <NUMBER> 011
   <NAME> NUVEEN INCOME FUND - CLASS A
<MULTIPLIER> 1000

<S>                             <C>
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          SEP-30-2000
<PERIOD-START>                             OCT-01-1999
<PERIOD-END>                               MAR-31-2000
<INVESTMENTS-AT-COST>                            21358
<INVESTMENTS-AT-VALUE>                           20729
<RECEIVABLES>                                     1249
<ASSETS-OTHER>                                     866
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                                   22844
<PAYABLE-FOR-SECURITIES>                          5401
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                          265
<TOTAL-LIABILITIES>                              17178
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                         18183
<SHARES-COMMON-STOCK>                               93
<SHARES-COMMON-PRIOR>                               72
<ACCUMULATED-NII-CURRENT>                           57
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                          (433)
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                         (629)
<NET-ASSETS>                                     17178
<DIVIDEND-INCOME>                                    0
<INTEREST-INCOME>                                  663
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                     100
<NET-INVESTMENT-INCOME>                            563
<REALIZED-GAINS-CURRENT>                         (271)
<APPREC-INCREASE-CURRENT>                        (138)
<NET-CHANGE-FROM-OPS>                              154
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                           50
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                             22
<NUMBER-OF-SHARES-REDEEMED>                          1
<SHARES-REINVESTED>                                  1
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<ACCUMULATED-NII-PRIOR>                             27
<ACCUMULATED-GAINS-PRIOR>                        (162)
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
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<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                    174
<AVERAGE-NET-ASSETS>                              1580
<PER-SHARE-NAV-BEGIN>                            19.00
<PER-SHARE-NII>                                    .63
<PER-SHARE-GAIN-APPREC>                          (.44)
<PER-SHARE-DIVIDEND>                             (.60)
<PER-SHARE-DISTRIBUTIONS>                            0
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              18.59
<EXPENSE-RATIO>                                   1.05


</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<LEGEND>
This schedule contains Summary Financial Information extracted from the Form
N-SAR and the financial statements and is qualified in its entirety by
references to such documents.
</LEGEND>
<SERIES>
   <NUMBER> 012
   <NAME> NUVEEN INCOME FUND - CLASS B
<MULTIPLIER> 1000

<S>                             <C>
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          SEP-30-2000
<PERIOD-START>                             OCT-01-1999
<PERIOD-END>                               MAR-31-2000
<INVESTMENTS-AT-COST>                            21358
<INVESTMENTS-AT-VALUE>                           20729
<RECEIVABLES>                                     1249
<ASSETS-OTHER>                                     866
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                                   22844
<PAYABLE-FOR-SECURITIES>                          5401
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                          265
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<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                         18183
<SHARES-COMMON-STOCK>                              268
<SHARES-COMMON-PRIOR>                              216
<ACCUMULATED-NII-CURRENT>                           57
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                          (433)
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                         (629)
<NET-ASSETS>                                     17178
<DIVIDEND-INCOME>                                    0
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<OTHER-INCOME>                                       0
<EXPENSES-NET>                                     100
<NET-INVESTMENT-INCOME>                            563
<REALIZED-GAINS-CURRENT>                         (271)
<APPREC-INCREASE-CURRENT>                        (138)
<NET-CHANGE-FROM-OPS>                              154
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                          136
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                             85
<NUMBER-OF-SHARES-REDEEMED>                         34
<SHARES-REINVESTED>                                  2
<NET-CHANGE-IN-ASSETS>                             953
<ACCUMULATED-NII-PRIOR>                             27
<ACCUMULATED-GAINS-PRIOR>                        (162)
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                               51
<INTEREST-EXPENSE>                                   0
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<AVERAGE-NET-ASSETS>                              4819
<PER-SHARE-NAV-BEGIN>                            19.00
<PER-SHARE-NII>                                    .56
<PER-SHARE-GAIN-APPREC>                          (.44)
<PER-SHARE-DIVIDEND>                             (.53)
<PER-SHARE-DISTRIBUTIONS>                            0
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              18.59
<EXPENSE-RATIO>                                   1.80


</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<LEGEND>
This schedule contains Summary Financial Information extracted from the Form
N-SAR and the financial statements and is qualified in its entirety by
references to such documents.
</LEGEND>
<SERIES>
   <NUMBER> 013
   <NAME> NUVEEN INCOME FUND - CLASS C
<MULTIPLIER> 1000

<S>                             <C>
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          SEP-30-2000
<PERIOD-START>                             OCT-01-1999
<PERIOD-END>                               MAR-31-2000
<INVESTMENTS-AT-COST>                            21358
<INVESTMENTS-AT-VALUE>                           20729
<RECEIVABLES>                                     1249
<ASSETS-OTHER>                                     866
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                                   22844
<PAYABLE-FOR-SECURITIES>                          5401
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                          265
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<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                         18183
<SHARES-COMMON-STOCK>                               53
<SHARES-COMMON-PRIOR>                               59
<ACCUMULATED-NII-CURRENT>                           57
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                          (433)
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                         (629)
<NET-ASSETS>                                     17178
<DIVIDEND-INCOME>                                    0
<INTEREST-INCOME>                                  663
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                     100
<NET-INVESTMENT-INCOME>                            563
<REALIZED-GAINS-CURRENT>                         (271)
<APPREC-INCREASE-CURRENT>                        (138)
<NET-CHANGE-FROM-OPS>                              154
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                           31
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                             17
<NUMBER-OF-SHARES-REDEEMED>                         24
<SHARES-REINVESTED>                                  1
<NET-CHANGE-IN-ASSETS>                             953
<ACCUMULATED-NII-PRIOR>                             27
<ACCUMULATED-GAINS-PRIOR>                        (162)
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                               51
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                    174
<AVERAGE-NET-ASSETS>                              1121
<PER-SHARE-NAV-BEGIN>                            19.01
<PER-SHARE-NII>                                    .56
<PER-SHARE-GAIN-APPREC>                          (.44)
<PER-SHARE-DIVIDEND>                             (.53)
<PER-SHARE-DISTRIBUTIONS>                            0
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              18.60
<EXPENSE-RATIO>                                   1.80


</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<LEGEND>
This schedule contains Summary Financial Information extracted from the Form
N-SAR and the financial statements and is qualified in its entirety by
references to such documents.
</LEGEND>
<SERIES>
   <NUMBER> 014
   <NAME> NUVEEN INCOME FUND - CLASS R
<MULTIPLIER> 1000

<S>                             <C>
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          SEP-30-2000
<PERIOD-START>                             OCT-01-1999
<PERIOD-END>                               MAR-31-2000
<INVESTMENTS-AT-COST>                            21358
<INVESTMENTS-AT-VALUE>                           20729
<RECEIVABLES>                                     1249
<ASSETS-OTHER>                                     866
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                                   22844
<PAYABLE-FOR-SECURITIES>                          5401
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                          265
<TOTAL-LIABILITIES>                              17178
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                         18183
<SHARES-COMMON-STOCK>                              510
<SHARES-COMMON-PRIOR>                              507
<ACCUMULATED-NII-CURRENT>                           57
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                          (433)
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                         (629)
<NET-ASSETS>                                     17178
<DIVIDEND-INCOME>                                    0
<INTEREST-INCOME>                                  663
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                     100
<NET-INVESTMENT-INCOME>                            563
<REALIZED-GAINS-CURRENT>                         (271)
<APPREC-INCREASE-CURRENT>                        (138)
<NET-CHANGE-FROM-OPS>                              154
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                          317
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                              6
<NUMBER-OF-SHARES-REDEEMED>                          2
<SHARES-REINVESTED>                                  0
<NET-CHANGE-IN-ASSETS>                             953
<ACCUMULATED-NII-PRIOR>                             27
<ACCUMULATED-GAINS-PRIOR>                        (162)
<OVERDISTRIB-NII-PRIOR>                              0
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<GROSS-ADVISORY-FEES>                               51
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                    174
<AVERAGE-NET-ASSETS>                              9547
<PER-SHARE-NAV-BEGIN>                            19.01
<PER-SHARE-NII>                                    .65
<PER-SHARE-GAIN-APPREC>                          (.45)
<PER-SHARE-DIVIDEND>                             (.62)
<PER-SHARE-DISTRIBUTIONS>                            0
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              18.59
<EXPENSE-RATIO>                                    .80


</TABLE>


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