NORTHEAST INVESTORS TRUST
NSAR-B, 1999-11-23
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<PAGE>      PAGE  1
000 B000000 09/30/1999
000 C000000 0000072760
000 D000000 N
000 E000000 NF
000 F000000 Y
000 G000000 N
000 H000000 N
000 I000000 6.1
000 J000000 A
001 A000000 NORTHEAST INVESTORS TRUST
001 B000000 811-576
001 C000000 8002256704
002 A000000 50 CONGRESS STREET
002 B000000 BOSTON
002 C000000 MA
002 D010000 02109
003  000000 N
004  000000 N
005  000000 N
006  000000 N
007 A000000 N
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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
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020 A000001 ASIEL & CO.
020 B000001 134933080
020 C000001     34
020 A000002 BT ALEX BROWN
020 B000002 520256630
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021  000000       39
022 A000001 INVESTORS BANK & TRUST CO.
022 B000001 222347336
022 C000001  16711391
<PAGE>      PAGE  2
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022 A000005 CHASE
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022 A000007 LEHMAN BROS.
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022 C000007     32205
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022 A000008 ASIEL & CO.
022 B000008 134933080
022 C000008      8538
022 D000008     19077
022 A000009 FIRST UNION
022 B000009 561529080
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SIGNATURE   MATTHEW FRATOLILLO
TITLE       SUPERVISOR
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.

<TABLE> <S> <C>


<ARTICLE>                                            6


<S>                                               <C>
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<EXPENSE-RATIO>                                .61
[AVG-DEBT-OUTSTANDING]                         87,173,635
[AVG-DEBT-PER-SHARE]                           0


</TABLE>


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