COUNTRYWIDE INVESTMENT TRUST
NSAR-A/A, 1998-05-29
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<PAGE>      PAGE  1
000 A000000 03/31/98
000 C000000 0000066117
000 D000000 N
000 E000000 NF
000 F000000 Y
000 G000000 Y
000 H000000 N
000 I000000 3.0.a
000 J000000 A
001 A000000 COUNTRYWIDE INVESTMENT TRUST
001 B000000 811-2538
001 C000000 5136292000
002 A000000 312 WALNUT STREET, 21ST FLOOR
002 B000000 CINCINNATI
002 C000000 OH
002 D010000 45202
002 D020000 4094
003  000000 N
004  000000 N
005  000000 N
006  000000 N
007 A000000 Y
007 B000000  6
007 C010100  1
007 C020100 SHORT TERM GOVERNMENT INCOME FUND
007 C030100 N
007 C010200  2
007 C010300  3
007 C020300 INTERMEDIATE TERM GOVERNMENT INCOME FUND
007 C030300 N
007 C010400  4
007 C020400 INSTITUTIONAL GOVERNMENT INCOME FUND
007 C030400 N
007 C010500  5
007 C010600  6
007 C020600 ADJUSTABLE RATE U.S. GOV'T SECURITIES FUND
007 C030600 N
007 C010700  7
007 C020700 GLOBAL BOND FUND
007 C030700 Y
007 C010800  8
007 C020800 MONEY MARKET FUND
007 C030800 N
007 C010900  9
007 C020900 INTERMEDIATE BOND FUND
007 C030900 N
007 C011000 10
010 A00AA01 COUNTRYWIDE FUND SERVICES, INC.
010 B00AA01 84-1093
010 C01AA01 CINCINNATI
010 C02AA01 OH
<PAGE>      PAGE  2
010 C03AA01 45202
010 C04AA01 4094
011 A00AA01 COUNTRYWIDE INVESTMENTS, INC.
011 B00AA01 8-24674
011 C01AA01 CINCINNATI
011 C02AA01 OH
011 C03AA01 45202
011 C04AA01 4094
012 A00AA01 COUNTRYWIDE FUND SERVICES, INC.
012 B00AA01 84-1093
012 C01AA01 CINCINNATI
012 C02AA01 OH
012 C03AA01 45202
012 C04AA01 4094
013 A00AA01 ARTHUR ANDERSEN LLP
013 B01AA01 CINCINNATI
013 B02AA01 OH
013 B03AA01 45202
013 B04AA01 3912
018  00AA00 Y
019 A00AA00 Y
019 B00AA00   17
019 C00AA00 COUNTRYWID
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020 C000005      0
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021  000000        0
022 A000001 MERRILL LYNCH, PIERCE, FENNER & SMITH INC.
022 B000001 13-5674085
022 C000001    689080
022 D000001      3435
022 A000002 ZIONS FIRST NATIONAL BANK
022 B000002 87-0189025
022 C000002     40110
022 D000002      1008
022 A000003 PAINEWEBBER INCORPORATED
022 B000003 13-2638166
022 C000003     15987
022 D000003      3071
022 A000004 GRUNTAL & CO. L.L.C.
022 B000004 13-3179859
022 C000004     14293
022 D000004      1297
022 A000005 BANC ONE CAPITAL CORPORATION
<PAGE>      PAGE  3
022 B000005 31-1017233
022 C000005     13541
022 D000005         0
022 A000006 ARTEMIS CAPITAL GROUP, INC
022 B000006 13-2958859
022 C000006     13134
022 D000006         0
022 A000007 CAPITAL INSTITUTIONAL SERVICES, INC.
022 B000007 75-1565705
022 C000007      8690
022 D000007      2567
022 A000008 GATES CAPITAL CORPORATION
022 B000008 13-3636543
022 C000008      8810
022 D000008         0
022 A000009 KEY CLEARING CORP.
022 B000009 34-1783414
022 C000009      6743
022 D000009      2036
022 A000010 BEAR, STEARNS & CO. INC.
022 B000010 13-3299429
022 C000010      3163
022 D000010      4799
023 C000000     873572
023 D000000      46512
026 A000000 N
026 B000000 N
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026 E000000 N
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026 G020000 N
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066 A00AA00 N
067  00AA00 N
068 A00AA00 N
068 B00AA00 N
069  00AA00 N
077 A000000 N
078  000000 N
080 A00AA00 FEDERAL INSURANCE COMPANY
080 C00AA00    10000
081 A00AA00 Y
081 B00AA00  14
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083 A00AA00 N
083 B00AA00        0
084 A00AA00 N
<PAGE>      PAGE  4
084 B00AA00        0
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008 A000101 COUNTRYWIDE INVESTMENTS, INC.
008 B000101 A
008 C000101 801-10344
008 D010101 CINCINNATI
008 D020101 OH
008 D030101 45202
008 D040101 4094
014 A000101 COUNTRYWIDE INVESTMENTS, INC.
014 B000101 8-24674
014 A000102 CW FUND DISTRIBUTORS, INC.
014 B000102 8-40907
015 A000101 THE FIFTH THIRD BANK
015 B000101 C
015 C010101 CINCINNATI
015 C020101 OH
015 C030101 45202
015 E010101 X
015 A000102 STATE STREET BANK AND TRUST COMPANY, N.A.
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015 C010102 NEW YORK
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015 C030102 10006
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024  000100 Y
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025 B000101 13-5674085
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<PAGE>      PAGE  5
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<PAGE>      PAGE  6
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053 C000100 N
054 A000100 Y
054 B000100 N
054 C000100 N
054 D000100 N
054 E000100 N
054 F000100 N
054 G000100 N
054 H000100 Y
054 I000100 N
054 J000100 Y
054 K000100 N
054 L000100 N
054 M000100 Y
054 N000100 N
054 O000100 Y
055 A000100 N
055 B000100 N
056  000100 Y
057  000100 N
<PAGE>      PAGE  7
058 A000100 N
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070 A010100 Y
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070 C010100 N
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070 D010100 N
070 D020100 N
070 E010100 N
070 E020100 N
070 F010100 N
070 F020100 N
070 G010100 N
070 G020100 N
070 H010100 N
070 H020100 N
070 I010100 N
070 I020100 N
070 J010100 N
070 J020100 N
070 K010100 Y
070 K020100 N
070 L010100 N
070 L020100 N
<PAGE>      PAGE  8
070 M010100 N
070 M020100 N
070 N010100 N
070 N020100 N
070 O010100 Y
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070 Q020100 N
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<PAGE>      PAGE  9
073 B000100   0.0000
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008 A000301 COUNTRYWIDE INVESTMENTS, INC.
008 B000301 A
008 C000301 801-10344
008 D010301 CINCINNATI
008 D020301 OH
008 D030301 45202
008 D040301 4094
014 A000301 COUNTRYWIDE INVESTMENTS, INC.
014 B000301 8-24674
014 A000302 AMIVEST CORPORATION
014 B000302 8-14508
014 A000303 CW FUND DISTRIBUTORS, INC.
014 B000303 8-40907
015 A000301 THE FIFTH THIRD BANK
015 B000301 C
015 C010301 CINCINNATI
<PAGE>      PAGE  10
015 C020301 OH
015 C030301 45202
015 E010301 X
015 A000302 STATE STREET BANK AND TRUST COMPANY, N.A.
015 B000302 S
015 C010302 NEW YORK
015 C020302 NY
015 C030302 10006
015 E010302 X
024  000300 N
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029  000300 Y
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030 B000300  2.00
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<PAGE>      PAGE  11
031 A000300      1
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033  000300      2
034  000300 N
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036 B000300      0
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039  000300 N
040  000300 Y
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048 K020300 0.375
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050  000300 N
051  000300 N
<PAGE>      PAGE  12
052  000300 N
053 A000300 N
054 A000300 Y
054 B000300 N
054 C000300 N
054 D000300 N
054 E000300 N
054 F000300 N
054 G000300 N
054 H000300 Y
054 I000300 N
054 J000300 Y
054 K000300 N
054 L000300 N
054 M000300 Y
054 N000300 N
054 O000300 Y
055 A000300 Y
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062 M000300  17.7
062 N000300  79.9
062 O000300   0.0
062 P000300   0.0
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062 R000300   0.0
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063 B000300  5.9
064 A000300 N
064 B000300 N
070 A010300 Y
070 A020300 Y
070 B010300 N
<PAGE>      PAGE  13
070 B020300 N
070 C010300 N
070 C020300 N
070 D010300 N
070 D020300 N
070 E010300 N
070 E020300 N
070 F010300 N
070 F020300 N
070 G010300 N
070 G020300 N
070 H010300 N
070 H020300 N
070 I010300 N
070 I020300 N
070 J010300 N
070 J020300 N
070 K010300 Y
070 K020300 N
070 L010300 N
070 L020300 N
070 M010300 N
070 M020300 N
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070 N020300 N
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<PAGE>      PAGE  14
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<PAGE>      PAGE  15
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008 A000401 COUNTRYWIDE INVESTMENTS, INC.
008 B000401 A
008 C000401 801-10344
008 D010401 CINCINNATI
008 D020401 OH
008 D030401 45202
008 D040401 4094
014 A000401 COUNTRYWIDE INVESTMENTS, INC.
014 B000401 8-24674
014 A000402 CW FUND DISTRIBUTORS, INC.
014 B000402 8-40907
015 A000401 THE FIFTH THIRD BANK
015 B000401 C
015 C010401 CINCINNATI
015 C020401 OH
015 C030401 45202
015 E010401 X
015 A000402 STATE STREET BANK AND TRUST COMPANY, N.A.
015 B000402 S
015 C010402 NEW YORK
015 C020402 NY
015 C030402 10006
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<PAGE>      PAGE  16
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039  000400 N
040  000400 Y
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<PAGE>      PAGE  17
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050  000400 N
051  000400 N
052  000400 N
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053 B000400 Y
053 C000400 N
054 A000400 Y
054 B000400 N
054 C000400 N
054 D000400 N
054 E000400 N
054 F000400 N
054 G000400 N
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054 I000400 N
054 J000400 Y
054 K000400 N
054 L000400 N
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<PAGE>      PAGE  18
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070 E020400 N
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<PAGE>      PAGE  19
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<PAGE>      PAGE  23
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<PAGE>      PAGE  26
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<PAGE>      PAGE  34
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028 A010900        77
028 A020900         1
028 A030900         0
028 A040900       430
028 B010900       115
028 B020900         1
028 B030900         0
028 B040900       317
028 C010900      4705
028 C020900         7
028 C030900         0
028 C040900       843
028 D010900      8172
028 D020900        47
028 D030900         0
028 D040900      2210
028 E010900        38
028 E020900        51
028 E030900         0
028 E040900       349
028 F010900      2855
028 F020900        45
028 F030900         0
<PAGE>      PAGE  38
028 F040900      4411
028 G010900     15962
028 G020900       152
028 G030900         0
028 G040900      8560
028 H000900         5
029  000900 Y
030 A000900      0
030 B000900  2.00
030 C000900  0.00
031 A000900      0
031 B000900      0
032  000900      0
033  000900      0
034  000900 N
035  000900      0
036 B000900      0
037  000900 N
038  000900      0
039  000900 N
040  000900 Y
041  000900 Y
042 A000900   0
042 B000900 100
042 C000900   0
042 D000900   0
042 E000900   0
042 F000900   0
042 G000900   0
042 H000900   0
043  000900      8
044  000900     13
045  000900 Y
046  000900 N
047  000900 Y
048  000900  0.000
048 A010900    50000
048 A020900 0.500
048 B010900   100000
048 B020900 0.450
048 C010900   100000
048 C020900 0.400
048 D010900        0
048 D020900 0.000
048 E010900        0
048 E020900 0.000
048 F010900        0
048 F020900 0.000
048 G010900        0
048 G020900 0.000
048 H010900        0
<PAGE>      PAGE  39
048 H020900 0.000
048 I010900        0
048 I020900 0.000
048 J010900        0
048 J020900 0.000
048 K010900   250000
048 K020900 0.375
049  000900 N
050  000900 N
051  000900 N
052  000900 N
053 A000900 Y
053 B000900 Y
053 C000900 N
054 A000900 Y
054 B000900 N
054 C000900 N
054 D000900 N
054 E000900 N
054 F000900 N
054 G000900 N
054 H000900 Y
054 I000900 N
054 J000900 Y
054 K000900 N
054 L000900 N
054 M000900 Y
054 N000900 N
054 O000900 Y
055 A000900 Y
055 B000900 N
056  000900 Y
057  000900 N
058 A000900 N
059  000900 Y
060 A000900 Y
060 B000900 Y
061  000900     1000
062 A000900 Y
062 B000900   0.0
062 C000900   0.0
062 D000900   0.0
062 E000900   0.0
062 F000900   0.0
062 G000900   0.0
062 H000900   0.0
062 I000900   0.0
062 J000900   0.0
062 K000900   0.0
062 L000900   0.0
062 M000900  11.2
<PAGE>      PAGE  40
062 N000900  20.2
062 O000900   0.0
062 P000900  66.1
062 Q000900   0.0
062 R000900   1.1
063 A000900   0
063 B000900  9.7
064 A000900 N
064 B000900 N
070 A010900 Y
070 A020900 Y
070 B010900 N
070 B020900 N
070 C010900 N
070 C020900 N
070 D010900 N
070 D020900 N
070 E010900 N
070 E020900 N
070 F010900 N
070 F020900 N
070 G010900 N
070 G020900 N
070 H010900 N
070 H020900 N
070 I010900 N
070 I020900 N
070 J010900 Y
070 J020900 N
070 K010900 Y
070 K020900 N
070 L010900 N
070 L020900 N
070 M010900 N
070 M020900 N
070 N010900 Y
070 N020900 N
070 O010900 Y
070 O020900 Y
070 P010900 Y
070 P020900 Y
070 Q010900 N
070 Q020900 N
070 R010900 N
070 R020900 N
071 A000900     16542
071 B000900      9348
071 C000900     18736
071 D000900   50
072 A000900  6
072 B000900      705
<PAGE>      PAGE  41
072 C000900        3
072 D000900        0
072 E000900        0
072 F000900       51
072 G000900        0
072 H000900        0
072 I000900        6
072 J000900        2
072 K000900        2
072 L000900        0
072 M000900        2
072 N000900        3
072 O000900        0
072 P000900        0
072 Q000900       14
072 R000900        5
072 S000900        2
072 T000900        8
072 U000900        3
072 V000900        0
072 W000900        5
072 X000900      103
072 Y000900        7
072 Z000900      612
072AA000900       43
072BB000900       47
072CC010900       67
072CC020900        0
072DD010900      610
072DD020900        0
072EE000900        0
073 A010900   0.3071
073 A020900   0.0000
073 B000900   0.0000
073 C000900   0.0000
074 A000900        0
074 B000900        0
074 C000900        0
074 D000900    22715
074 E000900      247
074 F000900        0
074 G000900        0
074 H000900        0
074 I000900        0
074 J000900        0
074 K000900        0
074 L000900      434
074 M000900       17
074 N000900    23413
074 O000900        0
074 P000900       17
<PAGE>      PAGE  42
074 Q000900        0
074 R010900        0
074 R020900        0
074 R030900        0
074 R040900      105
074 S000900        0
074 T000900    23291
074 U010900     2288
074 U020900        0
074 V010900    10.18
074 V020900     0.00
074 W000900   0.0000
074 X000900      170
074 Y000900        0
075 A000900        0
075 B000900    20303
076  000900     0.00
SIGNATURE   JOHN F. SPLAIN                               
TITLE       SECRETARY           
 


<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000066117
<NAME> COUNTRYWIDE INVESTMENT TRUST
<SERIES>
   <NUMBER> 1
   <NAME> SHORT TERM GOVERNMENT INCOME FUND
       
<S>                             <C>
<PERIOD-TYPE>                  6-MOS
<FISCAL-YEAR-END>                          SEP-30-1998
<PERIOD-START>                             OCT-01-1997
<PERIOD-END>                               MAR-31-1998 
<INVESTMENTS-AT-COST>                       92,417,743
<INVESTMENTS-AT-VALUE>                      92,417,743
<RECEIVABLES>                                  541,321
<ASSETS-OTHER>                                       0
<OTHER-ITEMS-ASSETS>                            13,593
<TOTAL-ASSETS>                              92,972,657
<PAYABLE-FOR-SECURITIES>                             0
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                      753,195
<TOTAL-LIABILITIES>                            753,195
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                    92,219,462
<SHARES-COMMON-STOCK>                       92,219,462
<SHARES-COMMON-PRIOR>                       96,796,682
<ACCUMULATED-NII-CURRENT>                            0
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                              0
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                             0
<NET-ASSETS>                                92,219,462
<DIVIDEND-INCOME>                                    0
<INTEREST-INCOME>                            2,615,744
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                 412,326
<NET-INVESTMENT-INCOME>                      2,203,418
<REALIZED-GAINS-CURRENT>                             0
<APPREC-INCREASE-CURRENT>                            0
<NET-CHANGE-FROM-OPS>                        2,203,418
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                    2,203,418
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                    145,297,493
<NUMBER-OF-SHARES-REDEEMED>                152,016,843
<SHARES-REINVESTED>                          2,142,130
<NET-CHANGE-IN-ASSETS>                      (4,577,220)
<ACCUMULATED-NII-PRIOR>                              0
<ACCUMULATED-GAINS-PRIOR>                            0
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                          224,773
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                433,895
<AVERAGE-NET-ASSETS>                        94,629,655
<PER-SHARE-NAV-BEGIN>                             1.00
<PER-SHARE-NII>                                   .023
<PER-SHARE-GAIN-APPREC>                              0
<PER-SHARE-DIVIDEND>                              .023 
<PER-SHARE-DISTRIBUTIONS>                            0
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                               1.00
<EXPENSE-RATIO>                                    .87
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        


</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000066117
<NAME> COUNTRYWIDE INVESTMENT TRUST
<SERIES>
   <NUMBER> 3
   <NAME> INTERMEDIATE TERM GOVERNMENT INCOME FUND 
       
<S>                             <C>
<PERIOD-TYPE>                  6-MOS
<FISCAL-YEAR-END>                          SEP-30-1998
<PERIOD-START>                             OCT-01-1997
<PERIOD-END>                               MAR-31-1998
<INVESTMENTS-AT-COST>                       46,640,754
<INVESTMENTS-AT-VALUE>                      48,047,123
<RECEIVABLES>                                  781,193
<ASSETS-OTHER>                                   1,370
<OTHER-ITEMS-ASSETS>                             5,096
<TOTAL-ASSETS>                              48,834,782
<PAYABLE-FOR-SECURITIES>                             0
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                      131,899
<TOTAL-LIABILITIES>                            131,899
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                    50,110,455
<SHARES-COMMON-STOCK>                        4,533,908
<SHARES-COMMON-PRIOR>                        4,969,960
<ACCUMULATED-NII-CURRENT>                            0
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                     (2,813,941)
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                     1,406,369
<NET-ASSETS>                                48,702,883
<DIVIDEND-INCOME>                                    0
<INTEREST-INCOME>                            1,711,872
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                 252,619
<NET-INVESTMENT-INCOME>                      1,459,253
<REALIZED-GAINS-CURRENT>                        87,644 
<APPREC-INCREASE-CURRENT>                      251,920
<NET-CHANGE-FROM-OPS>                        1,798,817
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                    1,459,253
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                        729,468
<NUMBER-OF-SHARES-REDEEMED>                  1,284,361
<SHARES-REINVESTED>                            118,841
<NET-CHANGE-IN-ASSETS>                      (4,329,907)
<ACCUMULATED-NII-PRIOR>                              0
<ACCUMULATED-GAINS-PRIOR>                   (2,901,585)
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                          127,274
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                252,619
<AVERAGE-NET-ASSETS>                        51,150,378
<PER-SHARE-NAV-BEGIN>                            10.67
<PER-SHARE-NII>                                    .31
<PER-SHARE-GAIN-APPREC>                            .07
<PER-SHARE-DIVIDEND>                               .31 
<PER-SHARE-DISTRIBUTIONS>                            0
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              10.74
<EXPENSE-RATIO>                                    .99
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        


</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000066117
<NAME> COUNTRYWIDE INVESTMENT TRUST
<SERIES>
   <NUMBER> 4
   <NAME> INSTITUTIONAL GOVERNMENT INCOME FUND
       
<S>                             <C>
<PERIOD-TYPE>                  6-MOS
<FISCAL-YEAR-END>                          SEP-30-1998
<PERIOD-START>                             OCT-01-1997
<PERIOD-END>                               MAR-31-1998
<INVESTMENTS-AT-COST>                       54,336,899
<INVESTMENTS-AT-VALUE>                      54,336,899
<RECEIVABLES>                                  239,568
<ASSETS-OTHER>                                  49,267
<OTHER-ITEMS-ASSETS>                            11,250
<TOTAL-ASSETS>                              54,636,984
<PAYABLE-FOR-SECURITIES>                             0
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                       53,056
<TOTAL-LIABILITIES>                             53,056
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                    54,605,692
<SHARES-COMMON-STOCK>                       54,605,692
<SHARES-COMMON-PRIOR>                       61,269,650
<ACCUMULATED-NII-CURRENT>                            0
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                        (21,764)
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                             0
<NET-ASSETS>                                54,583,928
<DIVIDEND-INCOME>                                    0
<INTEREST-INCOME>                            1,587,599
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                 114,106
<NET-INVESTMENT-INCOME>                      1,473,493
<REALIZED-GAINS-CURRENT>                             0
<APPREC-INCREASE-CURRENT>                            0
<NET-CHANGE-FROM-OPS>                        1,473,493
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                    1,473,493
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                    129,378,606
<NUMBER-OF-SHARES-REDEEMED>                137,240,655
<SHARES-REINVESTED>                          1,198,091
<NET-CHANGE-IN-ASSETS>                      (6,663,958)
<ACCUMULATED-NII-PRIOR>                              0
<ACCUMULATED-GAINS-PRIOR>                     (21,764)
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                           57,053
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                128,439
<AVERAGE-NET-ASSETS>                        57,194,040
<PER-SHARE-NAV-BEGIN>                             1.00
<PER-SHARE-NII>                                   .026
<PER-SHARE-GAIN-APPREC>                              0
<PER-SHARE-DIVIDEND>                              .026 
<PER-SHARE-DISTRIBUTIONS>                            0
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                               1.00
<EXPENSE-RATIO>                                    .40
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        


</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000066117
<NAME> COUNTRYWIDE INVESTMENT TRUST
<SERIES>
   <NUMBER> 6
   <NAME> ADJUSTABLE RATE U.S. GOVERNMENT SECURITIES FUND 
       
<S>                             <C>
<PERIOD-TYPE>                  6-MOS
<FISCAL-YEAR-END>                          SEP-30-1998
<PERIOD-START>                             OCT-01-1997
<PERIOD-END>                               MAR-31-1998
<INVESTMENTS-AT-COST>                       12,472,067
<INVESTMENTS-AT-VALUE>                      12,583,829
<RECEIVABLES>                                  143,039
<ASSETS-OTHER>                                   3,622
<OTHER-ITEMS-ASSETS>                            11,035
<TOTAL-ASSETS>                              12,741,525
<PAYABLE-FOR-SECURITIES>                             0
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                       52,868
<TOTAL-LIABILITIES>                             52,868
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                    13,855,746
<SHARES-COMMON-STOCK>                        1,296,710
<SHARES-COMMON-PRIOR>                        2,355,670
<ACCUMULATED-NII-CURRENT>                            0
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                     (1,278,851)
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                       111,762
<NET-ASSETS>                                12,688,657
<DIVIDEND-INCOME>                                    0
<INTEREST-INCOME>                              547,274
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                  65,532
<NET-INVESTMENT-INCOME>                        481,742
<REALIZED-GAINS-CURRENT>                       (28,196)
<APPREC-INCREASE-CURRENT>                      (75,859)
<NET-CHANGE-FROM-OPS>                          377,687
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                      481,742
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                        665,186
<NUMBER-OF-SHARES-REDEEMED>                  1,768,180
<SHARES-REINVESTED>                             44,034
<NET-CHANGE-IN-ASSETS>                     (10,513,070)
<ACCUMULATED-NII-PRIOR>                              0
<ACCUMULATED-GAINS-PRIOR>                   (1,250,655)
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                           43,688
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                121,791
<AVERAGE-NET-ASSETS>                        17,465,467
<PER-SHARE-NAV-BEGIN>                             9.85
<PER-SHARE-NII>                                    .27
<PER-SHARE-GAIN-APPREC>                           (.06)
<PER-SHARE-DIVIDEND>                               .27 
<PER-SHARE-DISTRIBUTIONS>                            0
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                               9.79
<EXPENSE-RATIO>                                    .75
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        


</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000066117
<NAME> COUNTRYWIDE INVESTMENT TRUST
<SERIES>
   <NUMBER> 71
   <NAME> GLOBAL BOND FUND CLASS A
       
<S>                             <C>
<PERIOD-TYPE>                  6-MOS
<FISCAL-YEAR-END>                          SEP-30-1998
<PERIOD-START>                             OCT-01-1997
<PERIOD-END>                               MAR-31-1998
<INVESTMENTS-AT-COST>                                0
<INVESTMENTS-AT-VALUE>                               0
<RECEIVABLES>                                        0 
<ASSETS-OTHER>                                       0
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                                       0
<PAYABLE-FOR-SECURITIES>                             0
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                            0
<TOTAL-LIABILITIES>                                  0
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                             0
<SHARES-COMMON-STOCK>                                0
<SHARES-COMMON-PRIOR>                          645,612
<ACCUMULATED-NII-CURRENT>                            0
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                              0
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                             0
<NET-ASSETS>                                         0
<DIVIDEND-INCOME>                                    0
<INTEREST-INCOME>                              302,043
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                  81,883
<NET-INVESTMENT-INCOME>                        220,160
<REALIZED-GAINS-CURRENT>                        58,681
<APPREC-INCREASE-CURRENT>                     (109,472)
<NET-CHANGE-FROM-OPS>                          169,369
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                      115,769
<DISTRIBUTIONS-OF-GAINS>                       225,162
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                         24,364
<NUMBER-OF-SHARES-REDEEMED>                    689,893
<SHARES-REINVESTED>                             19,917
<NET-CHANGE-IN-ASSETS>                      (7,140,717)
<ACCUMULATED-NII-PRIOR>                        392,233
<ACCUMULATED-GAINS-PRIOR>                      (13,469)
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                           34,768
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                117,777
<AVERAGE-NET-ASSETS>                         9,890,012
<PER-SHARE-NAV-BEGIN>                            11.06
<PER-SHARE-NII>                                    .33
<PER-SHARE-GAIN-APPREC>                           (.11)
<PER-SHARE-DIVIDEND>                               .25 
<PER-SHARE-DISTRIBUTIONS>                          .68 
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              10.35
<EXPENSE-RATIO>                                   1.35
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        


</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000066117
<NAME> COUNTRYWIDE INVESTMENT TRUST
<SERIES>
   <NUMBER> 73
   <NAME> GLOBAL BOND FUND CLASS C
       
<S>                             <C>
<PERIOD-TYPE>                  6-MOS
<FISCAL-YEAR-END>                          SEP-30-1998
<PERIOD-START>                             OCT-01-1997
<PERIOD-END>                               MAR-31-1998
<INVESTMENTS-AT-COST>                                0
<INVESTMENTS-AT-VALUE>                               0
<RECEIVABLES>                                        0 
<ASSETS-OTHER>                                       0
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                                       0
<PAYABLE-FOR-SECURITIES>                             0
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                            0
<TOTAL-LIABILITIES>                                  0
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                             0
<SHARES-COMMON-STOCK>                                0
<SHARES-COMMON-PRIOR>                          533,507
<ACCUMULATED-NII-CURRENT>                            0
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                              0
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                             0
<NET-ASSETS>                                         0
<DIVIDEND-INCOME>                                    0
<INTEREST-INCOME>                              302,043
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                  81,883
<NET-INVESTMENT-INCOME>                        220,160
<REALIZED-GAINS-CURRENT>                        58,681
<APPREC-INCREASE-CURRENT>                     (109,472)
<NET-CHANGE-FROM-OPS>                          169,369
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                       74,474
<DISTRIBUTIONS-OF-GAINS>                       239,514
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                          5,489
<NUMBER-OF-SHARES-REDEEMED>                    569,164
<SHARES-REINVESTED>                             30,168
<NET-CHANGE-IN-ASSETS>                      (5,801,454)
<ACCUMULATED-NII-PRIOR>                        392,233
<ACCUMULATED-GAINS-PRIOR>                      (13,469)
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                           34,768
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                117,777
<AVERAGE-NET-ASSETS>                                 0
<PER-SHARE-NAV-BEGIN>                            10.87
<PER-SHARE-NII>                                    .29
<PER-SHARE-GAIN-APPREC>                           (.11)
<PER-SHARE-DIVIDEND>                               .18 
<PER-SHARE-DISTRIBUTIONS>                          .68 
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              10.19
<EXPENSE-RATIO>                                   2.00
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        


</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000066117
<NAME> COUNTRYWIDE INVESTMENT TRUST
<SERIES>
   <NUMBER> 8
   <NAME> MONEY MARKET FUND
       
<S>                             <C>
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          SEP-30-1998
<PERIOD-START>                             OCT-01-1997
<PERIOD-END>                               MAR-31-1998
<INVESTMENTS-AT-COST>                       69,061,572
<INVESTMENTS-AT-VALUE>                      69,061,572
<RECEIVABLES>                                  662,852
<ASSETS-OTHER>                                   3,010
<OTHER-ITEMS-ASSETS>                            21,502
<TOTAL-ASSETS>                              69,748,936
<PAYABLE-FOR-SECURITIES>                     2,752,900
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                      279,630
<TOTAL-LIABILITIES>                          3,032,530
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                    66,720,142
<SHARES-COMMON-STOCK>                       66,720,142
<SHARES-COMMON-PRIOR>                       73,824,759
<ACCUMULATED-NII-CURRENT>                           24
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                         (3,760)
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                             0
<NET-ASSETS>                                66,716,406
<DIVIDEND-INCOME>                                    0
<INTEREST-INCOME>                            2,043,269
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                 282,432
<NET-INVESTMENT-INCOME>                      1,760,837
<REALIZED-GAINS-CURRENT>                             0
<APPREC-INCREASE-CURRENT>                            0
<NET-CHANGE-FROM-OPS>                        1,760,837
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                    1,760,813
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                    188,799,672
<NUMBER-OF-SHARES-REDEEMED>                196,180,221
<SHARES-REINVESTED>                            275,932
<NET-CHANGE-IN-ASSETS>                      (7,104,593)
<ACCUMULATED-NII-PRIOR>                              0
<ACCUMULATED-GAINS-PRIOR>                       (3,760)
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                          172,944
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                282,432
<AVERAGE-NET-ASSETS>                        71,516,478
<PER-SHARE-NAV-BEGIN>                             1.00
<PER-SHARE-NII>                                   .025 
<PER-SHARE-GAIN-APPREC>                              0
<PER-SHARE-DIVIDEND>                              .025
<PER-SHARE-DISTRIBUTIONS>                            0
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                               1.00
<EXPENSE-RATIO>                                    .79
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        


</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000066117
<NAME> COUNTRYWIDE INVESTMENT TRUST
<SERIES>
   <NUMBER> 9
   <NAME> INTERMEDIATE BOND FUND
       
<S>                             <C>
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          SEP-30-1998
<PERIOD-START>                             OCT-01-1997
<PERIOD-END>                               MAR-31-1998
<INVESTMENTS-AT-COST>                       22,678,103
<INVESTMENTS-AT-VALUE>                      22,962,303
<RECEIVABLES>                                  433,781
<ASSETS-OTHER>                                       0
<OTHER-ITEMS-ASSETS>                            17,226
<TOTAL-ASSETS>                              23,413,310
<PAYABLE-FOR-SECURITIES>                             0
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                      122,788
<TOTAL-LIABILITIES>                            122,788
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                    23,064,682
<SHARES-COMMON-STOCK>                        2,287,941
<SHARES-COMMON-PRIOR>                        1,553,652
<ACCUMULATED-NII-CURRENT>                        2,194
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                        (60,554)
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                       284,200
<NET-ASSETS>                                23,290,522
<DIVIDEND-INCOME>                                3,036
<INTEREST-INCOME>                              705,394
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                  95,952
<NET-INVESTMENT-INCOME>                        612,478
<REALIZED-GAINS-CURRENT>                        (4,161)
<APPREC-INCREASE-CURRENT>                       66,720
<NET-CHANGE-FROM-OPS>                          675,037
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                      610,284
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                      1,558,646
<NUMBER-OF-SHARES-REDEEMED>                    839,278
<SHARES-REINVESTED>                             14,921
<NET-CHANGE-IN-ASSETS>                       7,619,691
<ACCUMULATED-NII-PRIOR>                              0
<ACCUMULATED-GAINS-PRIOR>                      (56,393)
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                           50,501
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                103,157
<AVERAGE-NET-ASSETS>                        20,303,451
<PER-SHARE-NAV-BEGIN>                            10.09
<PER-SHARE-NII>                                    .31 
<PER-SHARE-GAIN-APPREC>                            .09
<PER-SHARE-DIVIDEND>                               .31
<PER-SHARE-DISTRIBUTIONS>                            0
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              10.18
<EXPENSE-RATIO>                                    .95
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        


</TABLE>


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