<PAGE> PAGE 1
000 A000000 09/30/94
000 C000000 710978
000 D000000 N
000 E000000 NF
000 F000000 Y
000 G000000 N
000 H000000 N
000 I000000 3.0.a
000 J000000 A
001 A000000 GIT INCOME TRUST
001 B000000 811-3616
001 C000000 7035283600
002 A000000 1655 FORT MYER DRIVE
002 B000000 ARLINGTON
002 C000000 VA
002 D010000 22209
002 D020000 3108
003 000000 N
004 000000 N
005 000000 N
006 000000 N
007 A000000 Y
007 B000000 2
007 C010100 1
007 C020100 MAXIMUM INCOME PORTFOLIO
007 C030100 N
007 C010200 2
007 C020200 GOVERNMENT PORTFOLIO
007 C030200 N
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 BANKERS FINANCE INVESTMENT MANAGEMENT CORP.
008 B00AA01 A
008 C00AA01 801-14517
008 D01AA01 ARLINGTON
008 D02AA01 VA
008 D03AA01 22209
008 D04AA01 3108
011 A00AA01 GIT INVESTMENT SERVICES, INC.
011 B00AA01 8-27394
011 C01AA01 ARLINGTON
011 C02AA01 VA
011 C03AA01 22209
011 C04AA01 3108
012 A00AA01 GIT INCOME TRUST
<PAGE> PAGE 2
012 B00AA01 84-1186
012 C01AA01 ARLINTON
012 C02AA01 VA
012 C03AA01 22209
012 C04AA01 3108
013 A00AA01 ERNST & YOUNG, LLP
013 B01AA01 WASHINGTON
013 B02AA01 DC
013 B03AA01 20036
014 A00AA01 GIT INVESTMENT SERVICES, INC.
014 B00AA01 8-27394
015 A00AA01 STAR BANK, NA
015 B00AA01 C
015 C01AA01 CINCINNATI
015 C02AA01 OH
015 C03AA01 45202
015 E01AA01 X
018 00AA00 Y
019 A00AA00 Y
019 B00AA00 13
019 C00AA00 GITINVESTF
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 DONALDSON, LUFKIN & JENRETTE
022 B000001 131898818
022 C000001 261906
022 D000001 507
022 A000002 BARCLAYS
022 B000002 133551367
022 C000002 9332
022 D000002 11010
022 A000003 CANTOR FITZGERALD
022 B000003 132698893
022 C000003 2994
022 D000003 1996
022 A000004 JP MORGAN
022 B000004 133224016
022 C000004 1012
022 D000004 1220
022 A000005 SMITH BARNEY
022 B000005 131912900
022 C000005 910
<PAGE> PAGE 3
022 D000005 1121
022 A000006 KIDDER PEABODY
022 B000006 133299429
022 C000006 759
022 D000006 1146
022 A000007 GOLDMAN SACHS & CO.
022 B000007 135108880
022 C000007 731
022 D000007 616
022 A000008 BANKERS TRUST
022 B000008 134941247
022 C000008 1010
022 D000008 250
022 A000009 CITICORP
022 B000009 132771536
022 C000009 150
022 D000009 855
022 A000010 MERRILL LYNCH
022 B000010 135674085
022 C000010 0
022 D000010 378
023 C000000 279200
023 D000000 19864
024 00AA00 N
026 A000000 N
026 B000000 Y
026 C000000 N
026 D000000 Y
026 E000000 N
026 F000000 N
026 G010000 N
026 G020000 N
026 H000000 N
027 000000 Y
029 00AA00 N
030 A00AA00 0
030 B00AA00 0.00
030 C00AA00 0.00
034 00AA00 N
035 00AA00 0
036 B00AA00 0
037 00AA00 N
038 00AA00 0
039 00AA00 N
040 00AA00 N
041 00AA00 N
042 A00AA00 0
042 B00AA00 0
042 C00AA00 0
042 D00AA00 0
042 E00AA00 0
<PAGE> PAGE 4
042 F00AA00 0
042 G00AA00 0
042 H00AA00 0
043 00AA00 0
044 00AA00 0
045 00AA00 Y
046 00AA00 N
047 00AA00 Y
048 00AA00 0.625
048 A01AA00 0
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048 B01AA00 0
048 B02AA00 0.000
048 C01AA00 0
048 C02AA00 0.000
048 D01AA00 0
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048 E02AA00 0.000
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048 F02AA00 0.000
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048 H02AA00 0.000
048 I01AA00 0
048 I02AA00 0.000
048 J01AA00 0
048 J02AA00 0.000
048 K01AA00 0
048 K02AA00 0.000
049 00AA00 N
050 00AA00 N
051 00AA00 N
052 00AA00 N
053 A00AA00 N
054 A00AA00 Y
054 B00AA00 N
054 C00AA00 N
054 D00AA00 N
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 N
054 N00AA00 N
054 O00AA00 N
<PAGE> PAGE 5
055 A00AA00 N
055 B00AA00 N
056 00AA00 N
057 00AA00 N
058 A00AA00 N
059 00AA00 Y
060 A00AA00 Y
060 B00AA00 Y
061 00AA00 2500
066 A00AA00 N
067 00AA00 N
068 A00AA00 N
068 B00AA00 N
069 00AA00 N
070 A01AA00 Y
070 A02AA00 Y
070 B01AA00 N
070 B02AA00 N
070 C01AA00 Y
070 C02AA00 N
070 D01AA00 N
070 D02AA00 N
070 E01AA00 Y
070 E02AA00 N
070 F01AA00 N
070 F02AA00 N
070 G01AA00 N
070 G02AA00 N
070 H01AA00 N
070 H02AA00 N
070 I01AA00 N
070 I02AA00 N
070 J01AA00 N
070 J02AA00 N
070 K01AA00 N
070 K02AA00 N
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070 M01AA00 N
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<PAGE> PAGE 6
078 000000 N
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<PAGE> PAGE 7
062 Q000100 0.0
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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
076 000200 0.00
SIGNATURE RICHARD MASON
TITLE GENERAL COUNSEL
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
This schedule contains summary financial information extracted from GIT Income
Trust Semi-Annual Reports, Annual Reports and Forms NSAR and is qualified in its
entirety by reference to such source documents.
</LEGEND>
<CIK> 0000710978
<NAME> GIT INCOME TRUST
<SERIES>
<NUMBER> 1
<NAME> MAXIMUM INCOME PORTFOLIO
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> MAR-31-1995
<PERIOD-END> SEP-30-1994
<INVESTMENTS-AT-COST> 7,211,612
<INVESTMENTS-AT-VALUE> 6,924,500
<RECEIVABLES> 200,698
<ASSETS-OTHER> 670
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 7,125,868
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 17,975
<TOTAL-LIABILITIES> 17,975
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 10,350,120
<SHARES-COMMON-STOCK> 1,021,123
<SHARES-COMMON-PRIOR> 0
<ACCUMULATED-NII-CURRENT> 311,362
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (449,516)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 112,315
<NET-ASSETS> 7,107,893
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 367,284
<OTHER-INCOME> 0
<EXPENSES-NET> 55,921
<NET-INVESTMENT-INCOME> 311,362
<REALIZED-GAINS-CURRENT> (449,516)
<APPREC-INCREASE-CURRENT> 112,315
<NET-CHANGE-FROM-OPS> (337,201)
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 311,362
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 2,053,776
<NUMBER-OF-SHARES-REDEEMED> 2,557,103
<SHARES-REINVESTED> 246,188
<NET-CHANGE-IN-ASSETS> (257,139)
<ACCUMULATED-NII-PRIOR> 623,864
<ACCUMULATED-GAINS-PRIOR> 465,796
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 22,919
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 55,921
<AVERAGE-NET-ASSETS> 7,355,876
<PER-SHARE-NAV-BEGIN> 7.455
<PER-SHARE-NII> 0.305
<PER-SHARE-GAIN-APPREC> (0.330)
<PER-SHARE-DIVIDEND> 0.305
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 6.961
<EXPENSE-RATIO> .008
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM GIT INCOME
TRUST SEMI-ANNUAL REPORTS, ANNUAL REPORTS AND FORMS NSAR AND IS QUALIFIED IN ITS
ENTIRETY BY REFERENCE TO SUCH SOURCE DOCUMENTS.
</LEGEND>
<CIK> 0000710978
<NAME> GIT INCOME TRUST
<SERIES>
<NUMBER> 2
<NAME> GOVERNMENT PORTFOLIO
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> MAR-31-1995
<PERIOD-START> APR-01-1994
<PERIOD-END> SEP-30-1994
<INVESTMENTS-AT-COST> 7,720,841
<INVESTMENTS-AT-VALUE> 7,347,950
<RECEIVABLES> 92,689
<ASSETS-OTHER> 774
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 7,441,413
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 15,679
<TOTAL-LIABILITIES> 15,679
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 8,056,924
<SHARES-COMMON-STOCK> 787,628
<SHARES-COMMON-PRIOR> 0
<ACCUMULATED-NII-CURRENT> 139,466
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (257,725)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 32,444
<NET-ASSETS> 7,425,733
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 199,343
<OTHER-INCOME> 0
<EXPENSES-NET> 59,883
<NET-INVESTMENT-INCOME> 139,466
<REALIZED-GAINS-CURRENT> (257,725)
<APPREC-INCREASE-CURRENT> 32,444
<NET-CHANGE-FROM-OPS> (225,281)
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 139,466
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 610,529
<NUMBER-OF-SHARES-REDEEMED> 1,663,292
<SHARES-REINVESTED> 127,755
<NET-CHANGE-IN-ASSETS> (925,008)
<ACCUMULATED-NII-PRIOR> 339,266
<ACCUMULATED-GAINS-PRIOR> 375,747
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 24,542
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 59,883
<AVERAGE-NET-ASSETS> 7,882,793
<PER-SHARE-NAV-BEGIN> 9.695
<PER-SHARE-NII> 0.177
<PER-SHARE-GAIN-APPREC> (0.286)
<PER-SHARE-DIVIDEND> 0.177
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 9.428
<EXPENSE-RATIO> 0.008
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
