<PAGE> PAGE 1
000 B000000 05/31/96
000 C000000 0000745903
000 D000000 N
000 E000000 NF
000 F000000 Y
000 G000000 N
000 H000000 N
000 I000000 3.0
000 J000000 U
001 A000000 USAA INVESTMENT TRUST
001 B000000 811-4019
001 C000000 2104984876
002 A000000 10750 ROBERT F. MCDERMOTT FREEWAY
002 B000000 SAN ANTONIO
002 C000000 TX
002 D010000 78288
002 D020000 0227
003 000000 N
004 000000 N
005 000000 N
006 000000 N
007 A000000 Y
007 B000000 11
007 C010100 1
007 C020100 CORNERSTONE STRATEGY FUND
007 C030100 N
007 C010200 2
007 C020200 GOLD FUND
007 C030200 N
007 C010300 3
007 C020300 INTERNATIONAL FUND
007 C030300 N
007 C010400 4
007 C020400 GROWTH AND TAX STRATEGY FUND
007 C030400 N
007 C010500 5
007 C020500 GNMA TRUST
007 C030500 N
007 C010600 6
007 C020600 TREASURY MONEY MARKET TRUST
007 C030600 N
007 C010700 7
007 C020700 WORLD GROWTH FUND
007 C030700 N
007 C010800 8
007 C020800 EMERGING MARKETS FUND
007 C030800 N
007 C010900 9
007 C020900 INCOME STRATEGY FUND
007 C030900 N
007 C011000 10
<PAGE> PAGE 2
007 C021000 BALANCED STRATEGY FUND
007 C031000 N
018 00AA00 Y
019 A00AA00 Y
019 B00AA00 33
019 C00AA00 USAAINVMCO
020 A000001 CAPEL (JAMES) INCORPORATED
020 B000001 52-1348224
020 C000001 434
020 A000002 CREDIT LYONNAIS SECURITIES INC.
020 B000002 13-2602298
020 C000002 406
020 A000003 ING BARING SECURITIES INC.
020 B000003 04-2455153
020 C000003 319
020 A000004 BARCLAYS DE ZOETE WEDD SECURITIES INC.
020 B000004 13-3551367
020 C000004 300
020 A000005 UBS SECURITIES INC.
020 B000005 13-2932996
020 C000005 223
020 A000006 S.G. WARBURG & COMPANY INC.
020 B000006 13-3340045
020 C000006 160
020 A000007 ROBERT FLEMING INC.
020 B000007 13-3298866
020 C000007 153
020 A000008 SALOMON BROTHERS, INC.
020 B000008 13-3082694
020 C000008 152
020 A000009 ABN AMRO SECURITIES INC.
020 B000009 13-3227945
020 C000009 142
020 A000010 BRIDGE TRADING COMPANY
020 B000010 43-1450530
020 C000010 108
021 000000 4624
022 A000001 FIRST CHICAGO CAPITAL MARKETS, INC.
022 B000001 36-3595942
022 C000001 9692510
022 D000001 3344
022 A000002 LEHMAN BROTHERS, INC.
022 B000002 13-2518466
022 C000002 4973895
022 D000002 13259
022 A000003 PRUDENTIAL SECURITIES INCORPORATED
022 B000003 22-2347336
022 C000003 1915386
022 D000003 23432
022 A000004 CHASE SECURITIES, INC.
022 B000004 13-3112953
<PAGE> PAGE 3
022 C000004 1402329
022 D000004 0
022 A000005 STATE STREET BANK CAPITAL MARKETS COMPANY
022 B000005 04-1867445
022 C000005 1225575
022 D000005 0
022 A000006 FIRST UNION CAPITAL MARKETS CORPORATION
022 B000006 56-1529080
022 C000006 1112775
022 D000006 1932
022 A000007 CHEMICAL SECURITIES, INC.
022 B000007 13-3379014
022 C000007 974145
022 D000007 4959
022 A000008 MORGAN (J.P.) SECURITIES INC.
022 B000008 13-3224016
022 C000008 810119
022 D000008 7392
022 A000009 GOLDMAN, SACHS AND COMPANY
022 B000009 13-5108880
022 C000009 630169
022 D000009 57728
022 A000010 MERRILL LYNCH, PIERCE, FENNER & SMITH, INC.
022 B000010 13-5674085
022 C000010 300918
022 D000010 192822
023 C000000 24066334
023 D000000 694823
024 00AA00 N
077 A000000 Y
077 B000000 Y
078 000000 N
080 A00AA00 AETNA CASUALTY & SURETY COMPANY
080 C00AA00 9000
081 A00AA00 Y
081 B00AA00 27
082 A00AA00 N
082 B00AA00 0
083 A00AA00 N
083 B00AA00 0
084 A00AA00 N
084 B00AA00 0
085 A00AA00 Y
085 B00AA00 N
028 A010100 11721
028 A020100 16748
028 A030100 0
028 A040100 10862
028 B010100 16311
028 B020100 -4
028 B030100 0
<PAGE> PAGE 4
028 B040100 12693
028 C010100 18668
028 C020100 1
028 C030100 0
028 C040100 13227
028 D010100 18482
028 D020100 0
028 D030100 0
028 D040100 11882
028 E010100 20545
028 E020100 0
028 E030100 0
028 E040100 13600
028 F010100 16660
028 F020100 1
028 F030100 0
028 F040100 11810
028 G010100 102387
028 G020100 16746
028 G030100 0
028 G040100 74074
028 H000100 0
049 000100 N
050 000100 N
051 000100 N
052 000100 N
053 A000100 N
062 A000100 N
062 B000100 0.0
062 C000100 0.0
062 D000100 0.0
062 E000100 0.0
062 F000100 0.0
062 G000100 0.0
062 H000100 0.0
062 I000100 0.0
062 J000100 0.0
062 K000100 0.0
062 L000100 0.0
062 M000100 0.0
062 N000100 0.0
062 O000100 0.0
062 P000100 0.0
062 Q000100 0.0
062 R000100 0.0
070 A010100 Y
070 A020100 N
070 B010100 N
070 B020100 N
070 C010100 N
070 C020100 N
<PAGE> PAGE 5
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 Y
070 J020100 Y
070 K010100 Y
070 K020100 Y
070 L010100 Y
070 L020100 Y
070 M010100 Y
070 M020100 Y
070 N010100 Y
070 N020100 N
070 O010100 Y
070 O020100 N
070 P010100 Y
070 P020100 Y
070 Q010100 N
070 Q020100 N
070 R010100 N
070 R020100 N
071 A000100 343022
071 B000100 332965
071 C000100 921084
071 D000100 36
072 A000100 12
072 B000100 14949
072 C000100 24773
072 D000100 0
072 E000100 0
072 F000100 7073
072 G000100 0
072 H000100 0
072 I000100 2501
072 J000100 548
072 K000100 421
072 L000100 137
072 M000100 3
072 N000100 68
072 O000100 0
072 P000100 0
072 Q000100 0
<PAGE> PAGE 6
072 R000100 28
072 S000100 6
072 T000100 0
072 U000100 0
072 V000100 0
072 W000100 44
072 X000100 10829
072 Y000100 0
072 Z000100 28893
072AA000100 32017
072BB000100 0
072CC010100 92443
072CC020100 0
072DD010100 28657
072DD020100 0
072EE000100 12787
073 A010100 0.7419
073 A020100 0.0000
073 B000100 0.3324
073 C000100 0.0000
074 A000100 343
074 B000100 0
074 C000100 48291
074 D000100 193836
074 E000100 9343
074 F000100 779564
074 G000100 0
074 H000100 0
074 I000100 0
074 J000100 340
074 K000100 0
074 L000100 6005
074 M000100 0
074 N000100 1037722
074 O000100 21
074 P000100 846
074 Q000100 0
074 R010100 0
074 R020100 0
074 R030100 0
074 R040100 1011
074 S000100 0
074 T000100 1035844
074 U010100 40667
074 U020100 0
074 V010100 25.47
074 V020100 0.00
074 W000100 0.0000
074 X000100 99055
074 Y000100 0
075 A000100 0
<PAGE> PAGE 7
075 B000100 943074
076 000100 0.00
028 A010200 4582
028 A020200 112
028 A030200 0
028 A040200 13014
028 B010200 27852
028 B020200 0
028 B030200 0
028 B040200 30369
028 C010200 22797
028 C020200 0
028 C030200 0
028 C040200 31343
028 D010200 9404
028 D020200 0
028 D030200 0
028 D040200 10105
028 E010200 11219
028 E020200 0
028 E030200 0
028 E040200 9692
028 F010200 10569
028 F020200 0
028 F030200 0
028 F040200 10625
028 G010200 86423
028 G020200 112
028 G030200 0
028 G040200 105148
028 H000200 0
055 A000200 N
055 B000200 Y
056 000200 Y
057 000200 N
058 A000200 N
059 000200 Y
060 A000200 Y
060 B000200 Y
061 000200 3000
062 A000200 N
062 B000200 0.0
062 C000200 0.0
062 D000200 0.0
062 E000200 0.0
062 F000200 0.0
062 G000200 0.0
062 H000200 0.0
062 I000200 0.0
062 J000200 0.0
062 K000200 0.0
<PAGE> PAGE 8
062 L000200 0.0
062 M000200 0.0
062 N000200 0.0
062 O000200 0.0
062 P000200 0.0
062 Q000200 0.0
062 R000200 0.0
070 A010200 Y
070 A020200 N
070 B010200 N
070 B020200 N
070 C010200 N
070 C020200 N
070 D010200 N
070 D020200 N
070 E010200 N
070 E020200 N
070 F010200 N
070 F020200 N
070 G010200 N
070 G020200 N
070 H010200 N
070 H020200 N
070 I010200 N
070 I020200 N
070 J010200 Y
070 J020200 N
070 K010200 Y
070 K020200 N
070 L010200 Y
070 L020200 Y
070 M010200 Y
070 M020200 Y
070 N010200 Y
070 N020200 N
070 O010200 Y
070 O020200 Y
070 P010200 Y
070 P020200 Y
070 Q010200 N
070 Q020200 N
070 R010200 N
070 R020200 N
071 A000200 24770
071 B000200 50877
071 C000200 150297
071 D000200 16
072 A000200 12
072 B000200 272
072 C000200 1597
072 D000200 0
<PAGE> PAGE 9
072 E000200 0
072 F000200 1170
072 G000200 0
072 H000200 0
072 I000200 622
072 J000200 84
072 K000200 66
072 L000200 41
072 M000200 3
072 N000200 50
072 O000200 0
072 P000200 0
072 Q000200 0
072 R000200 28
072 S000200 5
072 T000200 0
072 U000200 0
072 V000200 0
072 W000200 11
072 X000200 2080
072 Y000200 0
072 Z000200 -211
072AA000200 12880
072BB000200 0
072CC010200 21735
072CC020200 0
072DD010200 117
072DD020200 0
072EE000200 0
073 A010200 0.0073
073 A020200 0.0000
073 B000200 0.0000
073 C000200 0.0000
074 A000200 16
074 B000200 0
074 C000200 3109
074 D000200 0
074 E000200 0
074 F000200 162323
074 G000200 0
074 H000200 0
074 I000200 0
074 J000200 1704
074 K000200 0
074 L000200 482
074 M000200 0
074 N000200 167634
074 O000200 0
074 P000200 134
074 Q000200 0
074 R010200 0
<PAGE> PAGE 10
074 R020200 0
074 R030200 0
074 R040200 433
074 S000200 0
074 T000200 167067
074 U010200 15018
074 U020200 0
074 V010200 11.12
074 V020200 0.00
074 W000200 0.0000
074 X000200 21273
074 Y000200 0
075 A000200 0
075 B000200 155196
076 000200 0.00
028 A010300 7201
028 A020300 0
028 A030300 0
028 A040300 6956
028 B010300 18620
028 B020300 0
028 B030300 0
028 B040300 15616
028 C010300 10912
028 C020300 0
028 C030300 0
028 C040300 8611
028 D010300 12679
028 D020300 0
028 D030300 0
028 D040300 9944
028 E010300 16518
028 E020300 0
028 E030300 0
028 E040300 7247
028 F010300 10512
028 F020300 0
028 F030300 0
028 F040300 5856
028 G010300 76442
028 G020300 0
028 G030300 0
028 G040300 54230
028 H000300 0
055 A000300 N
055 B000300 N
056 000300 Y
057 000300 N
058 A000300 N
059 000300 Y
060 A000300 Y
<PAGE> PAGE 11
060 B000300 Y
061 000300 3000
062 A000300 N
062 B000300 0.0
062 C000300 0.0
062 D000300 0.0
062 E000300 0.0
062 F000300 0.0
062 G000300 0.0
062 H000300 0.0
062 I000300 0.0
062 J000300 0.0
062 K000300 0.0
062 L000300 0.0
062 M000300 0.0
062 N000300 0.0
062 O000300 0.0
062 P000300 0.0
062 Q000300 0.0
062 R000300 0.0
070 A010300 Y
070 A020300 N
070 B010300 N
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 Y
070 J020300 Y
070 K010300 Y
070 K020300 Y
070 L010300 Y
070 L020300 Y
070 M010300 Y
070 M020300 Y
070 N010300 Y
070 N020300 N
070 O010300 Y
070 O020300 N
070 P010300 Y
<PAGE> PAGE 12
070 P020300 Y
070 Q010300 N
070 Q020300 N
070 R010300 N
070 R020300 N
071 A000300 260137
071 B000300 245845
071 C000300 351150
071 D000300 70
072 A000300 12
072 B000300 907
072 C000300 7197
072 D000300 0
072 E000300 0
072 F000300 2730
072 G000300 0
072 H000300 0
072 I000300 744
072 J000300 553
072 K000300 116
072 L000300 54
072 M000300 3
072 N000300 44
072 O000300 0
072 P000300 0
072 Q000300 0
072 R000300 28
072 S000300 5
072 T000300 0
072 U000300 0
072 V000300 0
072 W000300 39
072 X000300 4316
072 Y000300 0
072 Z000300 3788
072AA000300 12698
072BB000300 0
072CC010300 50060
072CC020300 0
072DD010300 1456
072DD020300 0
072EE000300 1877
073 A010300 0.0666
073 A020300 0.0000
073 B000300 0.0889
073 C000300 0.0000
074 A000300 397
074 B000300 0
074 C000300 16040
074 D000300 4852
074 E000300 15887
<PAGE> PAGE 13
074 F000300 378862
074 G000300 0
074 H000300 0
074 I000300 0
074 J000300 801
074 K000300 0
074 L000300 1873
074 M000300 0
074 N000300 418712
074 O000300 46
074 P000300 322
074 Q000300 0
074 R010300 0
074 R020300 0
074 R030300 0
074 R040300 349
074 S000300 0
074 T000300 417995
074 U010300 22339
074 U020300 0
074 V010300 18.71
074 V020300 0.00
074 W000300 0.0000
074 X000300 29173
074 Y000300 0
075 A000300 0
075 B000300 365185
076 000300 0.00
028 A010400 2022
028 A020400 1346
028 A030400 0
028 A040400 1024
028 B010400 3626
028 B020400 0
028 B030400 0
028 B040400 2192
028 C010400 2819
028 C020400 0
028 C030400 0
028 C040400 1802
028 D010400 2413
028 D020400 1208
028 D030400 0
028 D040400 1266
028 E010400 3861
028 E020400 0
028 E030400 0
028 E040400 2247
028 F010400 1897
028 F020400 0
028 F030400 0
<PAGE> PAGE 14
028 F040400 1982
028 G010400 16638
028 G020400 2554
028 G030400 0
028 G040400 10513
028 H000400 0
055 A000400 N
055 B000400 N
056 000400 Y
057 000400 N
062 A000400 N
062 B000400 0.0
062 C000400 0.0
062 D000400 0.0
062 E000400 0.0
062 F000400 0.0
062 G000400 0.0
062 H000400 0.0
062 I000400 0.0
062 J000400 0.0
062 K000400 0.0
062 L000400 0.0
062 M000400 0.0
062 N000400 0.0
062 O000400 0.0
062 P000400 0.0
062 Q000400 0.0
062 R000400 0.0
070 A010400 Y
070 A020400 N
070 B010400 N
070 B020400 N
070 C010400 N
070 C020400 N
070 D010400 N
070 D020400 N
070 E010400 N
070 E020400 N
070 F010400 N
070 F020400 N
070 G010400 N
070 G020400 N
070 H010400 N
070 H020400 N
070 I010400 N
070 I020400 N
070 J010400 Y
070 J020400 N
070 K010400 Y
070 K020400 N
070 L010400 N
<PAGE> PAGE 15
070 L020400 N
070 M010400 N
070 M020400 N
070 N010400 Y
070 N020400 N
070 O010400 Y
070 O020400 N
070 P010400 Y
070 P020400 Y
070 Q010400 N
070 Q020400 N
070 R010400 N
070 R020400 N
071 A000400 291352
071 B000400 277355
071 C000400 136934
071 D000400 203
072 A000400 12
072 B000400 4478
072 C000400 2238
072 D000400 0
072 E000400 0
072 F000400 729
072 G000400 0
072 H000400 0
072 I000400 250
072 J000400 72
072 K000400 31
072 L000400 22
072 M000400 3
072 N000400 32
072 O000400 0
072 P000400 0
072 Q000400 0
072 R000400 28
072 S000400 8
072 T000400 0
072 U000400 0
072 V000400 0
072 W000400 18
072 X000400 1193
072 Y000400 0
072 Z000400 5523
072AA000400 4268
072BB000400 0
072CC010400 9985
072CC020400 0
072DD010400 5439
072DD020400 0
072EE000400 350
073 A010400 0.5082
<PAGE> PAGE 16
073 A020400 0.0000
073 B000400 0.0332
073 C000400 0.0000
074 A000400 75
074 B000400 0
074 C000400 16800
074 D000400 65596
074 E000400 0
074 F000400 76786
074 G000400 0
074 H000400 0
074 I000400 0
074 J000400 0
074 K000400 0
074 L000400 1453
074 M000400 0
074 N000400 160710
074 O000400 0
074 P000400 88
074 Q000400 0
074 R010400 0
074 R020400 0
074 R030400 0
074 R040400 232
074 S000400 0
074 T000400 160390
074 U010400 11363
074 U020400 0
074 V010400 14.11
074 V020400 0.00
074 W000400 0.0000
074 X000400 8894
074 Y000400 0
075 A000400 0
075 B000400 145730
076 000400 0.00
028 A010500 6526
028 A020500 1089
028 A030500 0
028 A040500 3984
028 B010500 11428
028 B020500 1229
028 B030500 0
028 B040500 5306
028 C010500 9994
028 C020500 1183
028 C030500 0
028 C040500 6434
028 D010500 9492
028 D020500 1115
028 D030500 0
<PAGE> PAGE 17
028 D040500 5380
028 E010500 8024
028 E020500 1288
028 E030500 0
028 E040500 6537
028 F010500 6288
028 F020500 1210
028 F030500 0
028 F040500 5452
028 G010500 51752
028 G020500 7114
028 G030500 0
028 G040500 33093
028 H000500 0
055 A000500 N
055 B000500 N
056 000500 Y
057 000500 N
062 A000500 Y
062 B000500 0.0
062 C000500 0.0
062 D000500 5.8
062 E000500 0.0
062 F000500 0.0
062 G000500 0.0
062 H000500 0.0
062 I000500 0.0
062 J000500 0.0
062 K000500 0.0
062 L000500 0.0
062 M000500 0.0
062 N000500 97.1
062 O000500 0.0
062 P000500 0.0
062 Q000500 0.0
062 R000500 0.0
063 A000500 0
063 B000500 9.3
064 A000500 N
064 B000500 N
071 A000500 386278
071 B000500 359307
071 C000500 281213
071 D000500 128
072 A000500 12
072 B000500 20889
072 C000500 0
072 D000500 0
072 E000500 0
072 F000500 361
072 G000500 0
<PAGE> PAGE 18
072 H000500 0
072 I000500 331
072 J000500 91
072 K000500 32
072 L000500 22
072 M000500 3
072 N000500 50
072 O000500 0
072 P000500 0
072 Q000500 0
072 R000500 26
072 S000500 6
072 T000500 0
072 U000500 0
072 V000500 0
072 W000500 13
072 X000500 935
072 Y000500 0
072 Z000500 19954
072AA000500 0
072BB000500 1826
072CC010500 0
072CC020500 8830
072DD010500 19954
072DD020500 0
072EE000500 0
073 A010500 0.7008
073 A020500 0.0000
073 B000500 0.0000
073 C000500 0.0000
074 A000500 304
074 B000500 17450
074 C000500 0
074 D000500 292867
074 E000500 0
074 F000500 0
074 G000500 0
074 H000500 0
074 I000500 0
074 J000500 0
074 K000500 0
074 L000500 1988
074 M000500 0
074 N000500 312609
074 O000500 10041
074 P000500 60
074 Q000500 0
074 R010500 0
074 R020500 0
074 R030500 0
074 R040500 919
<PAGE> PAGE 19
074 S000500 0
074 T000500 301589
074 U010500 30903
074 U020500 0
074 V010500 9.76
074 V020500 0.00
074 W000500 0.0000
074 X000500 12338
074 Y000500 0
075 A000500 0
075 B000500 287782
076 000500 0.00
028 A010600 6883
028 A020600 305
028 A030600 0
028 A040600 4700
028 B010600 6357
028 B020600 340
028 B030600 0
028 B040600 8453
028 C010600 8123
028 C020600 288
028 C030600 0
028 C040600 5743
028 D010600 11120
028 D020600 297
028 D030600 0
028 D040600 6666
028 E010600 6916
028 E020600 312
028 E030600 0
028 E040600 14862
028 F010600 5951
028 F020600 297
028 F030600 0
028 F040600 5099
028 G010600 45350
028 G020600 1839
028 G030600 0
028 G040600 45523
028 H000600 0
055 A000600 N
055 B000600 N
056 000600 Y
057 000600 N
062 A000600 Y
062 B000600 55.0
062 C000600 0.0
062 D000600 44.8
062 E000600 0.0
062 F000600 0.0
<PAGE> PAGE 20
062 G000600 0.0
062 H000600 0.0
062 I000600 0.0
062 J000600 0.0
062 K000600 0.0
062 L000600 0.0
062 M000600 0.0
062 N000600 0.0
062 O000600 0.0
062 P000600 0.0
062 Q000600 0.0
062 R000600 0.0
063 A000600 56
063 B000600 0.0
064 A000600 N
064 B000600 N
071 A000600 0
071 B000600 0
071 C000600 0
071 D000600 0
072 A000600 12
072 B000600 4237
072 C000600 0
072 D000600 0
072 E000600 0
072 F000600 94
072 G000600 0
072 H000600 0
072 I000600 74
072 J000600 45
072 K000600 7
072 L000600 7
072 M000600 3
072 N000600 38
072 O000600 0
072 P000600 0
072 Q000600 0
072 R000600 26
072 S000600 5
072 T000600 0
072 U000600 0
072 V000600 0
072 W000600 5
072 X000600 304
072 Y000600 21
072 Z000600 3954
072AA000600 0
072BB000600 0
072CC010600 0
072CC020600 0
072DD010600 3954
<PAGE> PAGE 21
072DD020600 0
072EE000600 0
073 A010600 0.0524
073 A020600 0.0000
073 B000600 0.0000
073 C000600 0.0000
074 A000600 167
074 B000600 34375
074 C000600 42237
074 D000600 0
074 E000600 0
074 F000600 0
074 G000600 0
074 H000600 0
074 I000600 0
074 J000600 0
074 K000600 0
074 L000600 296
074 M000600 0
074 N000600 77075
074 O000600 0
074 P000600 79
074 Q000600 0
074 R010600 0
074 R020600 0
074 R030600 0
074 R040600 219
074 S000600 0
074 T000600 76777
074 U010600 76777
074 U020600 0
074 V010600 1.00
074 V020600 0.00
074 W000600 0.9997
074 X000600 2712
074 Y000600 0
075 A000600 75543
075 B000600 0
076 000600 0.00
028 A010700 4285
028 A020700 512
028 A030700 0
028 A040700 2739
028 B010700 8146
028 B020700 0
028 B030700 0
028 B040700 4357
028 C010700 5003
028 C020700 0
028 C030700 0
028 C040700 3249
<PAGE> PAGE 22
028 D010700 5419
028 D020700 0
028 D030700 0
028 D040700 3264
028 E010700 7800
028 E020700 0
028 E030700 0
028 E040700 2972
028 F010700 6904
028 F020700 1
028 F030700 0
028 F040700 4822
028 G010700 37557
028 G020700 513
028 G030700 0
028 G040700 21403
028 H000700 0
055 A000700 N
055 B000700 N
056 000700 Y
057 000700 N
058 A000700 N
059 000700 Y
060 A000700 Y
060 B000700 Y
061 000700 3000
062 A000700 N
062 B000700 0.0
062 C000700 0.0
062 D000700 0.0
062 E000700 0.0
062 F000700 0.0
062 G000700 0.0
062 H000700 0.0
062 I000700 0.0
062 J000700 0.0
062 K000700 0.0
062 L000700 0.0
062 M000700 0.0
062 N000700 0.0
062 O000700 0.0
062 P000700 0.0
062 Q000700 0.0
062 R000700 0.0
071 A000700 147964
071 B000700 130759
071 C000700 214457
071 D000700 61
072 A000700 12
072 B000700 850
072 C000700 4236
<PAGE> PAGE 23
072 D000700 0
072 E000700 0
072 F000700 1708
072 G000700 0
072 H000700 0
072 I000700 654
072 J000700 298
072 K000700 85
072 L000700 47
072 M000700 3
072 N000700 43
072 O000700 0
072 P000700 0
072 Q000700 0
072 R000700 28
072 S000700 5
072 T000700 0
072 U000700 0
072 V000700 0
072 W000700 19
072 X000700 2890
072 Y000700 0
072 Z000700 2196
072AA000700 13070
072BB000700 0
072CC010700 31364
072CC020700 0
072DD010700 1299
072DD020700 0
072EE000700 3705
073 A010700 0.0820
073 A020700 0.0000
073 B000700 0.2328
073 C000700 0.0000
074 A000700 152
074 B000700 0
074 C000700 15795
074 D000700 2209
074 E000700 7955
074 F000700 240619
074 G000700 0
074 H000700 0
074 I000700 0
074 J000700 347
074 K000700 0
074 L000700 1015
074 M000700 0
074 N000700 268092
074 O000700 21
074 P000700 216
074 Q000700 0
<PAGE> PAGE 24
074 R010700 0
074 R020700 0
074 R030700 0
074 R040700 663
074 S000700 0
074 T000700 267192
074 U010700 17240
074 U020700 0
074 V010700 15.50
074 V020700 0.00
074 W000700 0.0000
074 X000700 26085
074 Y000700 0
075 A000700 0
075 B000700 227847
076 000700 0.00
028 A010800 2609
028 A020800 31
028 A030800 0
028 A040800 1639
028 B010800 11458
028 B020800 0
028 B030800 0
028 B040800 4573
028 C010800 6806
028 C020800 0
028 C030800 0
028 C040800 5348
028 D010800 6043
028 D020800 0
028 D030800 0
028 D040800 2745
028 E010800 6948
028 E020800 0
028 E030800 0
028 E040800 2565
028 F010800 6098
028 F020800 0
028 F030800 0
028 F040800 2541
028 G010800 39962
028 G020800 31
028 G030800 0
028 G040800 19411
028 H000800 0
055 A000800 Y
055 B000800 N
056 000800 Y
057 000800 N
058 A000800 N
059 000800 Y
<PAGE> PAGE 25
060 A000800 Y
060 B000800 Y
061 000800 3000
062 A000800 N
062 B000800 0.0
062 C000800 0.0
062 D000800 0.0
062 E000800 0.0
062 F000800 0.0
062 G000800 0.0
062 H000800 0.0
062 I000800 0.0
062 J000800 0.0
062 K000800 0.0
062 L000800 0.0
062 M000800 0.0
062 N000800 0.0
062 O000800 0.0
062 P000800 0.0
062 Q000800 0.0
062 R000800 0.0
070 A010800 Y
070 A020800 N
070 B010800 Y
070 B020800 N
070 C010800 Y
070 C020800 N
070 D010800 Y
070 D020800 N
070 E010800 Y
070 E020800 N
070 F010800 Y
070 F020800 N
070 G010800 Y
070 G020800 N
070 H010800 Y
070 H020800 N
070 I010800 N
070 I020800 N
070 J010800 Y
070 J020800 N
070 K010800 Y
070 K020800 Y
070 L010800 Y
070 L020800 Y
070 M010800 Y
070 M020800 Y
070 N010800 Y
070 N020800 N
070 O010800 Y
070 O020800 N
<PAGE> PAGE 26
070 P010800 Y
070 P020800 Y
070 Q010800 N
070 Q020800 N
070 R010800 N
070 R020800 N
071 A000800 46591
071 B000800 25897
071 C000800 29434
071 D000800 88
072 A000800 12
072 B000800 113
072 C000800 563
072 D000800 0
072 E000800 0
072 F000800 309
072 G000800 0
072 H000800 0
072 I000800 137
072 J000800 129
072 K000800 18
072 L000800 10
072 M000800 3
072 N000800 36
072 O000800 0
072 P000800 0
072 Q000800 0
072 R000800 32
072 S000800 11
072 T000800 0
072 U000800 0
072 V000800 0
072 W000800 16
072 X000800 701
072 Y000800 0
072 Z000800 -25
072AA000800 2957
072BB000800 0
072CC010800 2872
072CC020800 0
072DD010800 28
072DD020800 0
072EE000800 549
073 A010800 0.0135
073 A020800 0.0000
073 B000800 0.2200
073 C000800 0.0000
074 A000800 75
074 B000800 0
074 C000800 2799
074 D000800 0
<PAGE> PAGE 27
074 E000800 2344
074 F000800 46553
074 G000800 0
074 H000800 0
074 I000800 0
074 J000800 7
074 K000800 0
074 L000800 361
074 M000800 0
074 N000800 52139
074 O000800 682
074 P000800 52
074 Q000800 0
074 R010800 0
074 R020800 0
074 R030800 0
074 R040800 90
074 S000800 0
074 T000800 51315
074 U010800 4608
074 U020800 0
074 V010800 11.13
074 V020800 0.00
074 W000800 0.0000
074 X000800 7783
074 Y000800 0
075 A000800 0
075 B000800 31195
076 000800 0.00
028 A010900 641
028 A020900 39
028 A030900 0
028 A040900 148
028 B010900 1351
028 B020900 -1
028 B030900 0
028 B040900 176
028 C010900 1169
028 C020900 0
028 C030900 0
028 C040900 157
028 D010900 4089
028 D020900 59
028 D030900 0
028 D040900 3304
028 E010900 1117
028 E020900 0
028 E030900 0
028 E040900 546
028 F010900 526
028 F020900 0
<PAGE> PAGE 28
028 F030900 0
028 F040900 387
028 G010900 8893
028 G020900 97
028 G030900 0
028 G040900 4718
028 H000900 0
055 A000900 N
055 B000900 N
056 000900 Y
057 000900 N
062 A000900 Y
062 B000900 0.0
062 C000900 3.4
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 74.5
062 N000900 0.0
062 O000900 0.0
062 P000900 0.0
062 Q000900 0.0
062 R000900 19.7
063 A000900 0
063 B000900 23.7
064 A000900 N
064 B000900 N
070 A010900 Y
070 A020900 N
070 B010900 Y
070 B020900 N
070 C010900 Y
070 C020900 N
070 D010900 Y
070 D020900 N
070 E010900 Y
070 E020900 N
070 F010900 Y
070 F020900 N
070 G010900 Y
070 G020900 N
070 H010900 Y
070 H020900 N
070 I010900 N
070 I020900 N
<PAGE> PAGE 29
070 J010900 Y
070 J020900 N
070 K010900 Y
070 K020900 N
070 L010900 Y
070 L020900 Y
070 M010900 Y
070 M020900 N
070 N010900 Y
070 N020900 N
070 O010900 Y
070 O020900 N
070 P010900 N
070 P020900 N
070 Q010900 N
070 Q020900 N
070 R010900 N
070 R020900 N
071 A000900 18578
071 B000900 6741
071 C000900 8577
071 D000900 79
072 A000900 9
072 B000900 359
072 C000900 33
072 D000900 0
072 E000900 0
072 F000900 35
072 G000900 0
072 H000900 0
072 I000900 6
072 J000900 36
072 K000900 2
072 L000900 2
072 M000900 2
072 N000900 9
072 O000900 0
072 P000900 0
072 Q000900 0
072 R000900 27
072 S000900 2
072 T000900 0
072 U000900 0
072 V000900 0
072 W000900 1
072 X000900 122
072 Y000900 54
072 Z000900 324
072AA000900 42
072BB000900 0
072CC010900 0
<PAGE> PAGE 30
072CC020900 404
072DD010900 215
072DD020900 0
072EE000900 35
073 A010900 0.2217
073 A020900 0.0000
073 B000900 0.0496
073 C000900 0.0000
074 A000900 127
074 B000900 0
074 C000900 415
074 D000900 9072
074 E000900 0
074 F000900 2391
074 G000900 0
074 H000900 0
074 I000900 0
074 J000900 0
074 K000900 0
074 L000900 209
074 M000900 0
074 N000900 12214
074 O000900 0
074 P000900 1
074 Q000900 0
074 R010900 0
074 R020900 0
074 R030900 0
074 R040900 40
074 S000900 0
074 T000900 12173
074 U010900 1210
074 U020900 0
074 V010900 10.06
074 V020900 0.00
074 W000900 0.0000
074 X000900 479
074 Y000900 0
075 A000900 0
075 B000900 8662
076 000900 0.00
028 A011000 1202
028 A021000 43
028 A031000 0
028 A041000 350
028 B011000 1723
028 B021000 0
028 B031000 0
028 B041000 38
028 C011000 2371
028 C021000 0
<PAGE> PAGE 31
028 C031000 0
028 C041000 430
028 D011000 1934
028 D021000 61
028 D031000 0
028 D041000 94
028 E011000 1921
028 E021000 0
028 E031000 0
028 E041000 307
028 F011000 1344
028 F021000 0
028 F031000 0
028 F041000 229
028 G011000 10495
028 G021000 104
028 G031000 0
028 G041000 1448
028 H001000 0
049 001000 N
050 001000 N
051 001000 N
052 001000 N
053 A001000 Y
053 B001000 Y
055 A001000 N
055 B001000 N
056 001000 Y
057 001000 N
062 A001000 N
062 B001000 0.0
062 C001000 0.0
062 D001000 0.0
062 E001000 0.0
062 F001000 0.0
062 G001000 0.0
062 H001000 0.0
062 I001000 0.0
062 J001000 0.0
062 K001000 0.0
062 L001000 0.0
062 M001000 0.0
062 N001000 0.0
062 O001000 0.0
062 P001000 0.0
062 Q001000 0.0
062 R001000 0.0
070 A011000 Y
070 A021000 N
070 B011000 Y
070 B021000 N
<PAGE> PAGE 32
070 C011000 Y
070 C021000 N
070 D011000 Y
070 D021000 N
070 E011000 Y
070 E021000 N
070 F011000 Y
070 F021000 N
070 G011000 Y
070 G021000 N
070 H011000 Y
070 H021000 N
070 I011000 N
070 I021000 N
070 J011000 Y
070 J021000 N
070 K011000 Y
070 K021000 N
070 L011000 Y
070 L021000 Y
070 M011000 Y
070 M021000 N
070 N011000 Y
070 N021000 N
070 O011000 Y
070 O021000 N
070 P011000 Y
070 P021000 N
070 Q011000 N
070 Q021000 N
070 R011000 N
070 R021000 N
071 A001000 21407
071 B001000 2868
071 C001000 10801
071 D001000 27
072 A001000 9
072 B001000 282
072 C001000 118
072 D001000 0
072 E001000 0
072 F001000 66
072 G001000 0
072 H001000 0
072 I001000 13
072 J001000 39
072 K001000 7
072 L001000 3
072 M001000 3
072 N001000 11
072 O001000 0
<PAGE> PAGE 33
072 P001000 0
072 Q001000 0
072 R001000 25
072 S001000 6
072 T001000 0
072 U001000 0
072 V001000 0
072 W001000 3
072 X001000 176
072 Y001000 66
072 Z001000 290
072AA001000 32
072BB001000 0
072CC011000 521
072CC021000 0
072DD011000 179
072DD021000 0
072EE001000 0
073 A011000 0.1438
073 A021000 0.0000
073 B001000 0.0000
073 C001000 0.0000
074 A001000 23
074 B001000 0
074 C001000 635
074 D001000 7677
074 E001000 0
074 F001000 11418
074 G001000 0
074 H001000 0
074 I001000 0
074 J001000 0
074 K001000 0
074 L001000 273
074 M001000 0
074 N001000 20026
074 O001000 684
074 P001000 3
074 Q001000 0
074 R011000 0
074 R021000 0
074 R031000 0
074 R041000 81
074 S001000 0
074 T001000 19258
074 U011000 1837
074 U021000 0
074 V011000 10.49
074 V021000 0.00
074 W001000 0.0000
074 X001000 1334
<PAGE> PAGE 34
074 Y001000 0
075 A001000 0
075 B001000 11302
076 001000 0.00
028 A011100 5093
028 A021100 53
028 A031100 0
028 A041100 101
028 B011100 9087
028 B021100 0
028 B031100 0
028 B041100 241
028 C011100 8022
028 C021100 0
028 C031100 0
028 C041100 431
028 D011100 7588
028 D021100 0
028 D031100 0
028 D041100 559
028 E011100 11021
028 E021100 0
028 E031100 0
028 E041100 414
028 F011100 12368
028 F021100 0
028 F031100 0
028 F041100 780
028 G011100 53179
028 G021100 53
028 G031100 0
028 G041100 2526
028 H001100 0
055 A001100 N
055 B001100 N
056 001100 Y
057 001100 N
062 A001100 N
062 B001100 0.0
062 C001100 0.0
062 D001100 0.0
062 E001100 0.0
062 F001100 0.0
062 G001100 0.0
062 H001100 0.0
062 I001100 0.0
062 J001100 0.0
062 K001100 0.0
062 L001100 0.0
062 M001100 0.0
062 N001100 0.0
<PAGE> PAGE 35
062 O001100 0.0
062 P001100 0.0
062 Q001100 0.0
062 R001100 0.0
070 A011100 Y
070 A021100 N
070 B011100 Y
070 B021100 N
070 C011100 Y
070 C021100 N
070 D011100 Y
070 D021100 N
070 E011100 Y
070 E021100 N
070 F011100 Y
070 F021100 N
070 G011100 Y
070 G021100 N
070 H011100 Y
070 H021100 N
070 I011100 N
070 I021100 N
070 J011100 Y
070 J021100 Y
070 K011100 Y
070 K021100 Y
070 L011100 Y
070 L021100 Y
070 M011100 Y
070 M021100 Y
070 N011100 Y
070 N021100 N
070 O011100 Y
070 O021100 N
070 P011100 Y
070 P021100 Y
070 Q011100 N
070 Q021100 N
070 R011100 N
070 R021100 N
071 A001100 87031
071 B001100 15152
071 C001100 37680
071 D001100 40
072 A001100 9
072 B001100 499
072 C001100 372
072 D001100 0
072 E001100 0
072 F001100 220
072 G001100 0
<PAGE> PAGE 36
072 H001100 0
072 I001100 66
072 J001100 91
072 K001100 18
072 L001100 7
072 M001100 3
072 N001100 41
072 O001100 0
072 P001100 0
072 Q001100 0
072 R001100 24
072 S001100 6
072 T001100 0
072 U001100 0
072 V001100 0
072 W001100 6
072 X001100 482
072 Y001100 0
072 Z001100 389
072AA001100 1392
072BB001100 0
072CC011100 10970
072CC021100 0
072DD011100 83
072DD021100 0
072EE001100 0
073 A011100 0.0295
073 A021100 0.0000
073 B001100 0.0000
073 C001100 0.0000
074 A001100 228
074 B001100 0
074 C001100 1715
074 D001100 13653
074 E001100 399
074 F001100 70192
074 G001100 0
074 H001100 0
074 I001100 0
074 J001100 1201
074 K001100 0
074 L001100 804
074 M001100 0
074 N001100 88192
074 O001100 837
074 P001100 64
074 Q001100 0
074 R011100 0
074 R021100 0
074 R031100 0
074 R041100 103
<PAGE> PAGE 37
074 S001100 0
074 T001100 87188
074 U011100 6843
074 U021100 0
074 V011100 12.74
074 V021100 0.00
074 W001100 0.0000
074 X001100 7910
074 Y001100 0
075 A001100 0
075 B001100 38853
076 001100 0.00
SIGNATURE MICHAEL J.C. ROTH
TITLE PRESIDENT
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000745903
<NAME> USAA INVESTMENT TRUST
<SERIES>
<NUMBER> 10
<NAME> BALANCED STRATEGY FUND
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> MAY-31-1996
<PERIOD-END> MAY-31-1996
<INVESTMENTS-AT-COST> 19209476
<INVESTMENTS-AT-VALUE> 19730269
<RECEIVABLES> 273448
<ASSETS-OTHER> 22771
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 20026488
<PAYABLE-FOR-SECURITIES> 684061
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 84261
<TOTAL-LIABILITIES> 768322
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 18593594
<SHARES-COMMON-STOCK> 1836594
<SHARES-COMMON-PRIOR> 0
<ACCUMULATED-NII-CURRENT> 111738
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 32041
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 520793
<NET-ASSETS> 19258166
<DIVIDEND-INCOME> 117870
<INTEREST-INCOME> 281899
<OTHER-INCOME> 0
<EXPENSES-NET> (109127)
<NET-INVESTMENT-INCOME> 290642
<REALIZED-GAINS-CURRENT> 32041
<APPREC-INCREASE-CURRENT> 520793
<NET-CHANGE-FROM-OPS> 843476
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (178904)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 19956495
<NUMBER-OF-SHARES-REDEEMED> (1466588)
<SHARES-REINVESTED> 103687
<NET-CHANGE-IN-ASSETS> 19258166
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 66393
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 175664
<AVERAGE-NET-ASSETS> 11302390
<PER-SHARE-NAV-BEGIN> 10.00
<PER-SHARE-NII> .26
<PER-SHARE-GAIN-APPREC> .37
<PER-SHARE-DIVIDEND> (0.14)
<PER-SHARE-DISTRIBUTIONS> 0.00
<RETURNS-OF-CAPITAL> 0.00
<PER-SHARE-NAV-END> 10.49
<EXPENSE-RATIO> 1.24
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000745903
<NAME> USAA INVESTMENT TRUST
<SERIES>
<NUMBER> 1
<NAME> CORNERSTONE STRATEGY FUND
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> MAY-31-1996
<PERIOD-END> MAY-31-1996
<INVESTMENTS-AT-COST> 854048937
<INVESTMENTS-AT-VALUE> 1031033612
<RECEIVABLES> 6345165
<ASSETS-OTHER> 342966
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 1037721743
<PAYABLE-FOR-SECURITIES> 21360
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 1856773
<TOTAL-LIABILITIES> 1878133
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 821967372
<SHARES-COMMON-STOCK> 40666544
<SHARES-COMMON-PRIOR> 38640908
<ACCUMULATED-NII-CURRENT> 11355415
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 25538547
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 176982276
<NET-ASSETS> 1035843610
<DIVIDEND-INCOME> 24773223
<INTEREST-INCOME> 14948525
<OTHER-INCOME> 0
<EXPENSES-NET> (10829098)
<NET-INVESTMENT-INCOME> 28892650
<REALIZED-GAINS-CURRENT> 32017251
<APPREC-INCREASE-CURRENT> 92442185
<NET-CHANGE-FROM-OPS> 153352086
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (28656590)
<DISTRIBUTIONS-OF-GAINS> (12787415)
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 163591895
<NUMBER-OF-SHARES-REDEEMED> (154769572)
<SHARES-REINVESTED> 40525231
<NET-CHANGE-IN-ASSETS> 161255635
<ACCUMULATED-NII-PRIOR> 10933463
<ACCUMULATED-GAINS-PRIOR> 6494603
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 7072915
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 10829098
<AVERAGE-NET-ASSETS> 943074443
<PER-SHARE-NAV-BEGIN> 22.63
<PER-SHARE-NII> 0.73
<PER-SHARE-GAIN-APPREC> 3.18
<PER-SHARE-DIVIDEND> (0.74)
<PER-SHARE-DISTRIBUTIONS> (0.33)
<RETURNS-OF-CAPITAL> 0.00
<PER-SHARE-NAV-END> 25.47
<EXPENSE-RATIO> 1.15
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000745903
<NAME> USAA INVESTMENT TRUST
<SERIES>
<NUMBER> 8
<NAME> EMERGING MARKETS FUND
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> MAY-31-1996
<PERIOD-END> MAY-31-1996
<INVESTMENTS-AT-COST> 47646629
<INVESTMENTS-AT-VALUE> 51695769
<RECEIVABLES> 368647
<ASSETS-OTHER> 74993
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 52139409
<PAYABLE-FOR-SECURITIES> 681765
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 143064
<TOTAL-LIABILITIES> 824829
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 44882980
<SHARES-COMMON-STOCK> 4608389
<SHARES-COMMON-PRIOR> 2344459
<ACCUMULATED-NII-CURRENT> (11463)
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 2394830
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 4048233
<NET-ASSETS> 51314580
<DIVIDEND-INCOME> 562449
<INTEREST-INCOME> 113212
<OTHER-INCOME> 0
<EXPENSES-NET> (700682)
<NET-INVESTMENT-INCOME> (25021)
<REALIZED-GAINS-CURRENT> 2957967
<APPREC-INCREASE-CURRENT> 2871865
<NET-CHANGE-FROM-OPS> 5804811
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (28443)
<DISTRIBUTIONS-OF-GAINS> (549301)
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 56099372
<NUMBER-OF-SHARES-REDEEMED> (33429655)
<SHARES-REINVESTED> 504026
<NET-CHANGE-IN-ASSETS> 28400810
<ACCUMULATED-NII-PRIOR> 27579
<ACCUMULATED-GAINS-PRIOR> 586
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 308963
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 700683
<AVERAGE-NET-ASSETS> 31194785
<PER-SHARE-NAV-BEGIN> 9.77
<PER-SHARE-NII> (0.01)
<PER-SHARE-GAIN-APPREC> 1.60
<PER-SHARE-DIVIDEND> (0.01)
<PER-SHARE-DISTRIBUTIONS> (0.22)
<RETURNS-OF-CAPITAL> 0.00
<PER-SHARE-NAV-END> 11.13
<EXPENSE-RATIO> 2.27
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000745903
<NAME> USAA INVESTMENT TRUST
<SERIES>
<NUMBER> 4
<NAME> GROWTH & TAX STRATEGY FUND
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> MAY-31-1996
<PERIOD-END> MAY-31-1996
<INVESTMENTS-AT-COST> 137132947
<INVESTMENTS-AT-VALUE> 159181873
<RECEIVABLES> 1453091
<ASSETS-OTHER> 75089
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 160710053
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 320388
<TOTAL-LIABILITIES> 320388
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 133414100
<SHARES-COMMON-STOCK> 11363184
<SHARES-COMMON-PRIOR> 10496788
<ACCUMULATED-NII-CURRENT> 1090537
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 3836102
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 22048926
<NET-ASSETS> 160389665
<DIVIDEND-INCOME> 2237996
<INTEREST-INCOME> 4478244
<OTHER-INCOME> 0
<EXPENSES-NET> (1192713)
<NET-INVESTMENT-INCOME> 5523527
<REALIZED-GAINS-CURRENT> 4268024
<APPREC-INCREASE-CURRENT> 9984561
<NET-CHANGE-FROM-OPS> 19776112
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (5439640)
<DISTRIBUTIONS-OF-GAINS> (350555)
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 28971558
<NUMBER-OF-SHARES-REDEEMED> (22316098)
<SHARES-REINVESTED> 5209860
<NET-CHANGE-IN-ASSETS> 25851237
<ACCUMULATED-NII-PRIOR> 1006650
<ACCUMULATED-GAINS-PRIOR> (81367)
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 728915
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 1192713
<AVERAGE-NET-ASSETS> 145729841
<PER-SHARE-NAV-BEGIN> 12.82
<PER-SHARE-NII> 0.51
<PER-SHARE-GAIN-APPREC> 1.32
<PER-SHARE-DIVIDEND> (0.51)
<PER-SHARE-DISTRIBUTIONS> (0.03)
<RETURNS-OF-CAPITAL> 0.00
<PER-SHARE-NAV-END> 14.11
<EXPENSE-RATIO> 0.82
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000745903
<NAME> USAA INVESTMENT TRUST
<SERIES>
<NUMBER> 5
<NAME> GNMA TRUST
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> MAY-31-1996
<PERIOD-END> MAY-31-1996
<INVESTMENTS-AT-COST> 315469221
<INVESTMENTS-AT-VALUE> 310317246
<RECEIVABLES> 1988539
<ASSETS-OTHER> 303389
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 312609174
<PAYABLE-FOR-SECURITIES> 10041528
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 979106
<TOTAL-LIABILITIES> 11020634
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 317811833
<SHARES-COMMON-STOCK> 30902775
<SHARES-COMMON-PRIOR> 26315062
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (11071318)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> (5151975)
<NET-ASSETS> 301588540
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 20889151
<OTHER-INCOME> 0
<EXPENSES-NET> (935464)
<NET-INVESTMENT-INCOME> 19953687
<REALIZED-GAINS-CURRENT> (1826254)
<APPREC-INCREASE-CURRENT> (8829108)
<NET-CHANGE-FROM-OPS> 9298325
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (19953687)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 86959169
<NUMBER-OF-SHARES-REDEEMED> (54142868)
<SHARES-REINVESTED> 13857223
<NET-CHANGE-IN-ASSETS> 36018162
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> (9245064)
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 361221
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 935464
<AVERAGE-NET-ASSETS> 287782058
<PER-SHARE-NAV-BEGIN> 10.09
<PER-SHARE-NII> 0.70
<PER-SHARE-GAIN-APPREC> (0.33)
<PER-SHARE-DIVIDEND> (0.70)
<PER-SHARE-DISTRIBUTIONS> 0.00
<RETURNS-OF-CAPITAL> 0.00
<PER-SHARE-NAV-END> 9.76
<EXPENSE-RATIO> 0.32
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000745903
<NAME> USAA INVESTMENT TRUST
<SERIES>
<NUMBER> 2
<NAME> GOLD FUND
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> MAY-31-1996
<PERIOD-END> MAY-31-1996
<INVESTMENTS-AT-COST> 132401524
<INVESTMENTS-AT-VALUE> 165432156
<RECEIVABLES> 2186049
<ASSETS-OTHER> 16025
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 167634230
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 567680
<TOTAL-LIABILITIES> 567680
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 208029265
<SHARES-COMMON-STOCK> 15017860
<SHARES-COMMON-PRIOR> 17809167
<ACCUMULATED-NII-CURRENT> (5039)
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (73988307)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 33030631
<NET-ASSETS> 167066550
<DIVIDEND-INCOME> 1597522
<INTEREST-INCOME> 271549
<OTHER-INCOME> 0
<EXPENSES-NET> (2079797)
<NET-INVESTMENT-INCOME> (210726)
<REALIZED-GAINS-CURRENT> 12879617
<APPREC-INCREASE-CURRENT> 21735207
<NET-CHANGE-FROM-OPS> 34404098
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (117401)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 129783141
<NUMBER-OF-SHARES-REDEEMED> (157337957)
<SHARES-REINVESTED> 111415
<NET-CHANGE-IN-ASSETS> 6843296
<ACCUMULATED-NII-PRIOR> 109734
<ACCUMULATED-GAINS-PRIOR> (86716571)
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 1170207
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 2079797
<AVERAGE-NET-ASSETS> 155196424
<PER-SHARE-NAV-BEGIN> 9.00
<PER-SHARE-NII> (0.01)
<PER-SHARE-GAIN-APPREC> 2.14
<PER-SHARE-DIVIDEND> (0.01)
<PER-SHARE-DISTRIBUTIONS> 0.00
<RETURNS-OF-CAPITAL> 0.00
<PER-SHARE-NAV-END> 11.12
<EXPENSE-RATIO> 1.33
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000745903
<NAME> USAA INVESTMENT TRUST
<SERIES>
<NUMBER> 11
<NAME> GROWTH STRATEGY FUND
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> MAY-31-1996
<PERIOD-END> MAY-31-1996
<INVESTMENTS-AT-COST> 74989093
<INVESTMENTS-AT-VALUE> 85959165
<RECEIVABLES> 2004083
<ASSETS-OTHER> 227886
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 88191134
<PAYABLE-FOR-SECURITIES> 836758
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 166725
<TOTAL-LIABILITIES> 1003483
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 74519572
<SHARES-COMMON-STOCK> 6842728
<SHARES-COMMON-PRIOR> 0
<ACCUMULATED-NII-CURRENT> 337984
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 1360011
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 10970084
<NET-ASSETS> 87187651
<DIVIDEND-INCOME> 371742
<INTEREST-INCOME> 499432
<OTHER-INCOME> 0
<EXPENSES-NET> (482149)
<NET-INVESTMENT-INCOME> 389025
<REALIZED-GAINS-CURRENT> 1392116
<APPREC-INCREASE-CURRENT> 10970084
<NET-CHANGE-FROM-OPS> 12751225
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (83146)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 77247803
<NUMBER-OF-SHARES-REDEEMED> (2781557)
<SHARES-REINVESTED> 53326
<NET-CHANGE-IN-ASSETS> 87187651
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 219751
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 482149
<AVERAGE-NET-ASSETS> 38852565
<PER-SHARE-NAV-BEGIN> 10.00
<PER-SHARE-NII> 0.11
<PER-SHARE-GAIN-APPREC> 2.66
<PER-SHARE-DIVIDEND> (0.03)
<PER-SHARE-DISTRIBUTIONS> 0.00
<RETURNS-OF-CAPITAL> 0.00
<PER-SHARE-NAV-END> 12.74
<EXPENSE-RATIO> 1.66
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000745903
<NAME> USAA INVESTMENT TRUST
<SERIES>
<NUMBER> 3
<NAME> INTERNATIONAL FUND
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> MAY-31-1996
<PERIOD-END> MAY-31-1996
<INVESTMENTS-AT-COST> 344923181
<INVESTMENTS-AT-VALUE> 415641227
<RECEIVABLES> 2674012
<ASSETS-OTHER> 396823
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 418712062
<PAYABLE-FOR-SECURITIES> 46280
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 670844
<TOTAL-LIABILITIES> 717124
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 338540399
<SHARES-COMMON-STOCK> 22338722
<SHARES-COMMON-PRIOR> 21932055
<ACCUMULATED-NII-CURRENT> 3645438
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 5100111
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 70708990
<NET-ASSETS> 417994938
<DIVIDEND-INCOME> 7196994
<INTEREST-INCOME> 906800
<OTHER-INCOME> 0
<EXPENSES-NET> (4316366)
<NET-INVESTMENT-INCOME> 3787428
<REALIZED-GAINS-CURRENT> 12697713
<APPREC-INCREASE-CURRENT> 50059232
<NET-CHANGE-FROM-OPS> 66544373
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (1455740)
<DISTRIBUTIONS-OF-GAINS> (1876874)
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 118613245
<NUMBER-OF-SHARES-REDEEMED> (112597695)
<SHARES-REINVESTED> 2734137
<NET-CHANGE-IN-ASSETS> 71961446
<ACCUMULATED-NII-PRIOR> 525888
<ACCUMULATED-GAINS-PRIOR> (4932866)
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 2730374
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 4316366
<AVERAGE-NET-ASSETS> 365184805
<PER-SHARE-NAV-BEGIN> 15.78
<PER-SHARE-NII> 0.17
<PER-SHARE-GAIN-APPREC> 2.92
<PER-SHARE-DIVIDEND> (0.07)
<PER-SHARE-DISTRIBUTIONS> (0.09)
<RETURNS-OF-CAPITAL> 0.00
<PER-SHARE-NAV-END> 18.71
<EXPENSE-RATIO> 1.19
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000745903
<NAME> USAA INVESTMENT TRUST
<SERIES>
<NUMBER> 9
<NAME> INCOME STRATEGY FUND
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> MAY-31-1996
<PERIOD-END> MAY-31-1996
<INVESTMENTS-AT-COST> 12281904
<INVESTMENTS-AT-VALUE> 11878245
<RECEIVABLES> 208782
<ASSETS-OTHER> 126925
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 12213952
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 40782
<TOTAL-LIABILITIES> 40782
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 12460499
<SHARES-COMMON-STOCK> 1210338
<SHARES-COMMON-PRIOR> 0
<ACCUMULATED-NII-CURRENT> 108990
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 7341
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> (403659)
<NET-ASSETS> 12173171
<DIVIDEND-INCOME> 33444
<INTEREST-INCOME> 358697
<OTHER-INCOME> 0
<EXPENSES-NET> (68418)
<NET-INVESTMENT-INCOME> 323723
<REALIZED-GAINS-CURRENT> 42126
<APPREC-INCREASE-CURRENT> (403659)
<NET-CHANGE-FROM-OPS> (37810)
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (214733)
<DISTRIBUTIONS-OF-GAINS> (34785)
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 17118486
<NUMBER-OF-SHARES-REDEEMED> (4789659)
<SHARES-REINVESTED> 131672
<NET-CHANGE-IN-ASSETS> 12173171
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 34662
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 122430
<AVERAGE-NET-ASSETS> 8662468
<PER-SHARE-NAV-BEGIN> 10.00
<PER-SHARE-NII> 0.39
<PER-SHARE-GAIN-APPREC> (0.06)
<PER-SHARE-DIVIDEND> (0.22)
<PER-SHARE-DISTRIBUTIONS> (0.05)
<RETURNS-OF-CAPITAL> 0.00
<PER-SHARE-NAV-END> 10.06
<EXPENSE-RATIO> 1.00
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000745903
<NAME> USAA INVESTMENT TRUST
<SERIES>
<NUMBER> 7
<NAME> WORLD GROWTH FUND
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> MAY-31-1996
<PERIOD-END> MAY-31-1996
<INVESTMENTS-AT-COST> 217956575
<INVESTMENTS-AT-VALUE> 266578318
<RECEIVABLES> 1361902
<ASSETS-OTHER> 151608
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 268091828
<PAYABLE-FOR-SECURITIES> 21360
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 878600
<TOTAL-LIABILITIES> 899960
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 209670865
<SHARES-COMMON-STOCK> 17239657
<SHARES-COMMON-PRIOR> 15485962
<ACCUMULATED-NII-CURRENT> 1638912
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 7262353
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 48619738
<NET-ASSETS> 267191868
<DIVIDEND-INCOME> 4235762
<INTEREST-INCOME> 849866
<OTHER-INCOME> 0
<EXPENSES-NET> (2890440)
<NET-INVESTMENT-INCOME> 2195188
<REALIZED-GAINS-CURRENT> 13070103
<APPREC-INCREASE-CURRENT> 31364187
<NET-CHANGE-FROM-OPS> 46629478
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (1298612)
<DISTRIBUTIONS-OF-GAINS> (3704884)
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 70067142
<NUMBER-OF-SHARES-REDEEMED> (50202549)
<SHARES-REINVESTED> 4956480
<NET-CHANGE-IN-ASSETS> 66447055
<ACCUMULATED-NII-PRIOR> 573374
<ACCUMULATED-GAINS-PRIOR> (1933905)
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 1708489
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 2890440
<AVERAGE-NET-ASSETS> 227846522
<PER-SHARE-NAV-BEGIN> 12.96
<PER-SHARE-NII> 0.12
<PER-SHARE-GAIN-APPREC> 2.73
<PER-SHARE-DIVIDEND> (0.08)
<PER-SHARE-DISTRIBUTIONS> (0.23)
<RETURNS-OF-CAPITAL> 0.00
<PER-SHARE-NAV-END> 15.50
<EXPENSE-RATIO> 1.27
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000745903
<NAME> USAA INVESTMENT TRUST
<SERIES>
<NUMBER> 6
<NAME> TREASURY MONEY MARKET TRUST
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> MAY-31-1996
<PERIOD-END> MAY-31-1996
<INVESTMENTS-AT-COST> 76612048
<INVESTMENTS-AT-VALUE> 76612048
<RECEIVABLES> 296066
<ASSETS-OTHER> 167280
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 77075394
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 298063
<TOTAL-LIABILITIES> 298063
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 76777331
<SHARES-COMMON-STOCK> 76777331
<SHARES-COMMON-PRIOR> 67876021
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 0
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 0
<NET-ASSETS> 76777331
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 4237197
<OTHER-INCOME> 0
<EXPENSES-NET> 283193
<NET-INVESTMENT-INCOME> 3954004
<REALIZED-GAINS-CURRENT> 0
<APPREC-INCREASE-CURRENT> 0
<NET-CHANGE-FROM-OPS> 3954004
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 3954004
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 90845720
<NUMBER-OF-SHARES-REDEEMED> (85638362)
<SHARES-REINVESTED> 3693951
<NET-CHANGE-IN-ASSETS> 8901310
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 94427
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 304194
<AVERAGE-NET-ASSETS> 75542859
<PER-SHARE-NAV-BEGIN> 1.00
<PER-SHARE-NII> 0.05
<PER-SHARE-GAIN-APPREC> 0.00
<PER-SHARE-DIVIDEND> (0.05)
<PER-SHARE-DISTRIBUTIONS> 0.00
<RETURNS-OF-CAPITAL> 0.00
<PER-SHARE-NAV-END> 1.00
<EXPENSE-RATIO> 0.38
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>