TOUCHSTONE INVESTMENT TRUST
NSAR-A, EX-27.4, 2000-06-02
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<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-30-2000
<PERIOD-START>                             OCT-01-1999
<PERIOD-END>                               MAR-31-2000
<INVESTMENTS-AT-COST>                       48,024,799
<INVESTMENTS-AT-VALUE>                      48,024,799
<RECEIVABLES>                                  427,332
<ASSETS-OTHER>                                       0
<OTHER-ITEMS-ASSETS>                            26,131
<TOTAL-ASSETS>                              48,478,262
<PAYABLE-FOR-SECURITIES>                             0
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                       36,689
<TOTAL-LIABILITIES>                             36,689
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                    48,463,916
<SHARES-COMMON-STOCK>                       48,463,916
<SHARES-COMMON-PRIOR>                       49,870,191
<ACCUMULATED-NII-CURRENT>                            0
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                        (22,343)
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                             0
<NET-ASSETS>                                48,441,573
<DIVIDEND-INCOME>                                    0
<INTEREST-INCOME>                            1,415,137
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                  86,766
<NET-INVESTMENT-INCOME>                      1,316,143
<REALIZED-GAINS-CURRENT>                             0
<APPREC-INCREASE-CURRENT>                            0
<NET-CHANGE-FROM-OPS>                        1,316,143
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                    1,316,143
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                     58,429,322
<NUMBER-OF-SHARES-REDEEMED>                 61,001,053
<SHARES-REINVESTED>                          1,165,456
<NET-CHANGE-IN-ASSETS>                      (1,406,275)
<ACCUMULATED-NII-PRIOR>                              0
<ACCUMULATED-GAINS-PRIOR>                            0
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                           49,496
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                111,221
<AVERAGE-NET-ASSETS>                        49,413,191
<PER-SHARE-NAV-BEGIN>                             1.00
<PER-SHARE-NII>                                   .027
<PER-SHARE-GAIN-APPREC>                              0
<PER-SHARE-DIVIDEND>                              .027
<PER-SHARE-DISTRIBUTIONS>                            0
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                               1.00
<EXPENSE-RATIO>                                    .40


</TABLE>


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