<PAGE> PAGE 1
000 A000000 09/30/96
000 C000000 0000746703
000 D000000 N
000 E000000 NF
000 F000000 Y
000 G000000 N
000 H000000 N
000 I000000 3.0
000 J000000 A
001 A000000 PAINEWEBBER MANAGED INVESTMENT TRUST
001 B000000 811-4040
001 C000000 2127131074
002 A000000 1285 AVE OF THE AMERICAS
002 B000000 NEW YORK
002 C000000 NY
002 D010000 10019
003 000000 N
004 000000 N
005 000000 N
006 000000 N
007 A000000 Y
007 B000000 1
007 C010100 1
007 C020100 PAINEWEBBER UTILITY INCOME FUND
007 C030100 N
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
008 A00AA01 MITCHELL HUTCHINS ASSET MANAGEMENT INC.
008 B00AA01 A
008 C00AA01 801-13219
008 D01AA01 NEW YORK
008 D02AA01 NY
008 D03AA01 10019
010 A00AA01 MITCHELL HUTCHINS ASSET MANAGEMENT INC.
010 B00AA01 801-13219
010 C01AA01 NEW YORK
010 C02AA01 NY
010 C03AA01 10019
011 A00AA01 PAINEWEBBER INC.
011 B00AA01 8-16267
011 C01AA01 NEW YORK
011 C02AA01 NY
011 C03AA01 10019
012 A00AA01 PNC
<PAGE> PAGE 2
012 B00AA01 85-00000
012 C01AA01 WILMINGTONIA
012 C02AA01 DE
012 C03AA01 19809
013 A00AA01 ERNST & YOUNG
013 B01AA01 NEW YORK
013 B02AA01 NY
013 B03AA01 10019
014 A00AA01 PAINEWEBBER INC.
014 B00AA01 8-16267
015 A00AA01 STATE STREET BANK & TRUST CO.
015 B00AA01 C
015 C01AA01 NORTH QUINCY
015 C02AA01 MA
015 C03AA01 02171
015 E01AA01 X
018 00AA00 Y
019 A00AA00 Y
019 B00AA00 69
019 C00AA00 PAINEWEBBE
020 A000001 ADLER, COLEMAN & CO., INC.
020 B000001 13-3241294
020 C000001 6
020 A000002 DONALDSON, LUFKIN, & JENRETTE
020 B000002 13-2741729
020 C000002 5
020 A000003 SOLOMON BROTHERS INC
020 B000003 13-3082694
020 C000003 5
020 A000004 NATWEST SECURITIES
020 B000004 00-0000000
020 C000004 5
020 A000005 MERRILL LYNCH PIERCE FENNER
020 B000005 13-5674085
020 C000005 4
020 A000006 CS FIRST BOSTON CORPORATION
020 B000006 13-5659485
020 C000006 3
020 A000007 BERNSTEIN SANFORD C & COMPANY
020 B000007 13-2625874
020 C000007 3
020 A000008 ESI SECURITIES COMPANY
020 B000008 00-0000000
020 C000008 2
020 A000009 ERNST & COMPANY
020 B000009 13-5057900
020 C000009 2
020 A000010 DUFF & PHELPS INVESTMENT MANAGEMENT
020 B000010 00-0000000
020 C000010 2
021 000000 48
<PAGE> PAGE 3
022 A000001 DAIWA SECURITIES
022 B000001 13-5680329
022 C000001 77943
022 D000001 0
022 A000002 FIRST CHICAGO CAPITAL MARKETS
022 B000002 36-3595942
022 C000002 59333
022 D000002 1995
022 A000003 STATE STREET BANK & TRUST COMPANY
022 B000003 04-1867445
022 C000003 50788
022 D000003 0
022 A000004 SOLOMON BROTHERS INCORPORATED
022 B000004 13-3082694
022 C000004 27582
022 D000004 0
022 A000005 CITICORP SECURITIES MARKETS INCORPORATED
022 B000005 00-0000000
022 C000005 24265
022 D000005 0
022 A000006 DISCOUNT CORPORATION OF NY
022 B000006 13-5031465
022 C000006 8611
022 D000006 0
022 A000007 G.X. CLARKE
022 B000007 13-2961436
022 C000007 4473
022 D000007 1693
022 A000008 MORGAN STANLEY AND COMPANY, INCORPORATED
022 B000008 13-3251044
022 C000008 2484
022 D000008 0
022 A000009 BANKERS TRUST COMPANY
022 B000009 13-4941247
022 C000009 1989
022 D000009 0
022 A000010 GRUNTAL & COMPANY
022 B000010 13-5619584
022 C000010 0
022 D000010 1596
023 C000000 261373
023 D000000 6445
024 00AA00 N
025 D00AA01 0
025 D00AA02 0
025 D00AA03 0
025 D00AA04 0
025 D00AA05 0
025 D00AA06 0
025 D00AA07 0
025 D00AA08 0
<PAGE> PAGE 4
026 A000000 N
026 B000000 N
026 C000000 N
026 D000000 Y
026 E000000 N
026 F000000 N
026 G010000 N
026 G020000 N
026 H000000 Y
027 000000 Y
028 A01AA00 313
028 A02AA00 96
028 A03AA00 0
028 A04AA00 2690
028 B01AA00 219
028 B02AA00 77
028 B03AA00 0
028 B04AA00 2516
028 C01AA00 129
028 C02AA00 84
028 C03AA00 0
028 C04AA00 2257
028 D01AA00 107
028 D02AA00 90
028 D03AA00 0
028 D04AA00 1527
028 E01AA00 177
028 E02AA00 66
028 E03AA00 0
028 E04AA00 1694
028 F01AA00 109
028 F02AA00 61
028 F03AA00 0
028 F04AA00 1758
028 G01AA00 1054
028 G02AA00 474
028 G03AA00 0
028 G04AA00 12442
028 H00AA00 116
029 00AA00 Y
030 A00AA00 2
030 B00AA00 4.50
030 C00AA00 0.00
031 A00AA00 2
031 B00AA00 0
032 00AA00 0
033 00AA00 1
034 00AA00 Y
035 00AA00 90
036 A00AA00 Y
036 B00AA00 0
<PAGE> PAGE 5
037 00AA00 N
038 00AA00 0
039 00AA00 N
040 00AA00 Y
041 00AA00 Y
042 A00AA00 0
042 B00AA00 0
042 C00AA00 0
042 D00AA00 0
042 E00AA00 0
042 F00AA00 0
042 G00AA00 0
042 H00AA00 100
043 00AA00 214
044 00AA00 0
045 00AA00 Y
046 00AA00 N
047 00AA00 Y
048 00AA00 0.700
048 A01AA00 0
048 A02AA00 0.000
048 B01AA00 0
048 B02AA00 0.000
048 C01AA00 0
048 C02AA00 0.000
048 D01AA00 0
048 D02AA00 0.000
048 E01AA00 0
048 E02AA00 0.000
048 F01AA00 0
048 F02AA00 0.000
048 G01AA00 0
048 G02AA00 0.000
048 H01AA00 0
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
<PAGE> PAGE 6
054 F00AA00 N
054 G00AA00 Y
054 H00AA00 Y
054 I00AA00 N
054 J00AA00 Y
054 K00AA00 N
054 L00AA00 N
054 M00AA00 Y
054 N00AA00 N
054 O00AA00 Y
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 1000
062 A00AA00 N
062 B00AA00 0.0
062 C00AA00 0.0
062 D00AA00 0.0
062 E00AA00 0.0
062 F00AA00 0.0
062 G00AA00 0.0
062 H00AA00 0.0
062 I00AA00 0.0
062 J00AA00 0.0
062 K00AA00 0.0
062 L00AA00 0.0
062 M00AA00 0.0
062 N00AA00 0.0
062 O00AA00 0.0
062 P00AA00 0.0
062 Q00AA00 0.0
062 R00AA00 0.0
063 A00AA00 0
063 B00AA00 0.0
066 A00AA00 Y
066 B00AA00 N
066 C00AA00 Y
066 D00AA00 N
066 E00AA00 N
066 F00AA00 N
066 G00AA00 N
067 00AA00 N
068 A00AA00 N
068 B00AA00 N
069 00AA00 N
070 A01AA00 Y
<PAGE> PAGE 7
070 A02AA00 Y
070 B01AA00 Y
070 B02AA00 N
070 C01AA00 Y
070 C02AA00 N
070 D01AA00 Y
070 D02AA00 N
070 E01AA00 Y
070 E02AA00 N
070 F01AA00 Y
070 F02AA00 N
070 G01AA00 Y
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
070 L01AA00 Y
070 L02AA00 N
070 M01AA00 N
070 M02AA00 N
070 N01AA00 N
070 N02AA00 N
070 O01AA00 Y
070 O02AA00 N
070 P01AA00 N
070 P02AA00 N
070 Q01AA00 N
070 Q02AA00 N
070 R01AA00 N
070 R02AA00 N
071 A00AA00 10621
071 B00AA00 20446
071 C00AA00 45726
071 D00AA00 23
072 A00AA00 6
072 B00AA00 372
072 C00AA00 934
072 D00AA00 0
072 E00AA00 0
072 F00AA00 171
072 G00AA00 0
072 H00AA00 0
072 I00AA00 41
072 J00AA00 30
072 K00AA00 37
072 L00AA00 37
<PAGE> PAGE 8
072 M00AA00 3
072 N00AA00 35
072 O00AA00 0
072 P00AA00 0
072 Q00AA00 0
072 R00AA00 25
072 S00AA00 30
072 T00AA00 214
072 U00AA00 14
072 V00AA00 0
072 W00AA00 27
072 X00AA00 664
072 Y00AA00 30
072 Z00AA00 672
072AA00AA00 2274
072BB00AA00 0
072CC01AA00 0
072CC02AA00 2343
072DD01AA00 136
072DD02AA00 520
072EE00AA00 0
073 A01AA00 0.0000
073 A02AA00 0.0000
073 B00AA00 0.0000
073 C00AA00 0.0000
074 A00AA00 0
074 B00AA00 2729
074 C00AA00 0
074 D00AA00 6421
074 E00AA00 0
074 F00AA00 35205
074 G00AA00 0
074 H00AA00 0
074 I00AA00 0
074 J00AA00 0
074 K00AA00 0
074 L00AA00 217
074 M00AA00 157
074 N00AA00 44729
074 O00AA00 115
074 P00AA00 60
074 Q00AA00 0
074 R01AA00 0
074 R02AA00 0
074 R03AA00 0
074 R04AA00 268
074 S00AA00 0
074 T00AA00 44286
074 U01AA00 752
074 U02AA00 3781
074 V01AA00 0.00
<PAGE> PAGE 9
074 V02AA00 0.00
074 W00AA00 0.0000
074 X00AA00 4368
074 Y00AA00 0
075 A00AA00 0
075 B00AA00 48726
076 00AA00 0.00
077 A000000 Y
077 B000000 Y
077 C000000 Y
077 D000000 N
077 E000000 N
077 F000000 N
077 G000000 N
077 H000000 N
077 I000000 N
077 J000000 N
077 K000000 N
077 L000000 N
077 M000000 N
077 N000000 N
077 O000000 N
077 P000000 N
077 Q010000 Y
077 Q020000 N
077 Q030000 N
078 000000 N
080 A00AA00 ICI MUTUAL INSURANCE COMPANY
080 C00AA00 45
081 A00AA00 Y
081 B00AA00 69
082 A00AA00 N
082 B00AA00 0
083 A00AA00 N
083 B00AA00 0
084 A00AA00 N
084 B00AA00 0
085 A00AA00 Y
085 B00AA00 N
086 A010000 0
086 A020000 0
086 B010000 0
086 B020000 0
086 C010000 0
086 C020000 0
086 D010000 0
086 D020000 0
086 E010000 0
086 E020000 0
086 F010000 0
086 F020000 0
<PAGE> PAGE 10
SIGNATURE JULIAN SLUYTERS
TITLE TREASURER
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000746703
<NAME> PAINEWEBBER MANAGED INVESTMENT TRUST
<SERIES>
<NUMBER> 1
<NAME> UTILITY INCOME CLASS A
<MULTIPLIER> 1000
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> MAR-31-1997
<PERIOD-START> APR-01-1996
<PERIOD-END> SEP-30-1996
<INVESTMENTS-AT-COST> 7000
<INVESTMENTS-AT-VALUE> 7357
<RECEIVABLES> 36
<ASSETS-OTHER> 26
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 7419
<PAYABLE-FOR-SECURITIES> 19
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 54
<TOTAL-LIABILITIES> 73
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 8162
<SHARES-COMMON-STOCK> 752
<SHARES-COMMON-PRIOR> 965
<ACCUMULATED-NII-CURRENT> 6
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 0
<OVERDISTRIBUTION-GAINS> (1180)
<ACCUM-APPREC-OR-DEPREC> 358
<NET-ASSETS> 7346
<DIVIDEND-INCOME> 155
<INTEREST-INCOME> 62
<OTHER-INCOME> 0
<EXPENSES-NET> (80)
<NET-INVESTMENT-INCOME> 137
<REALIZED-GAINS-CURRENT> 377
<APPREC-INCREASE-CURRENT> (389)
<NET-CHANGE-FROM-OPS> 125
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (136)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 29
<NUMBER-OF-SHARES-REDEEMED> (252)
<SHARES-REINVESTED> 10
<NET-CHANGE-IN-ASSETS> (1846)
<ACCUMULATED-NII-PRIOR> 4
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> (1600)
<GROSS-ADVISORY-FEES> 28
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 80
<AVERAGE-NET-ASSETS> 8161
<PER-SHARE-NAV-BEGIN> 9.76
<PER-SHARE-NII> 0.17
<PER-SHARE-GAIN-APPREC> 0
<PER-SHARE-DIVIDEND> (0.16)
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 9.77
<EXPENSE-RATIO> 1.97
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000746703
<NAME> PAINEWEBBER MANAGED INVESTMENT TRUST
<SERIES>
<NUMBER> 2
<NAME> UTILITY INCOME CLASS B
<MULTIPLIER> 1000
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> MAR-31-1997
<PERIOD-START> APR-01-1996
<PERIOD-END> SEP-30-1996
<INVESTMENTS-AT-COST> 26746
<INVESTMENTS-AT-VALUE> 28113
<RECEIVABLES> 137
<ASSETS-OTHER> 100
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 28350
<PAYABLE-FOR-SECURITIES> 73
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 208
<TOTAL-LIABILITIES> 281
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 31186
<SHARES-COMMON-STOCK> 2873
<SHARES-COMMON-PRIOR> 3564
<ACCUMULATED-NII-CURRENT> 24
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 0
<OVERDISTRIBUTION-GAINS> (4508)
<ACCUM-APPREC-OR-DEPREC> 1366
<NET-ASSETS> 28069
<DIVIDEND-INCOME> 592
<INTEREST-INCOME> 236
<OTHER-INCOME> 0
<EXPENSES-NET> (421)
<NET-INVESTMENT-INCOME> 407
<REALIZED-GAINS-CURRENT> 1442
<APPREC-INCREASE-CURRENT> (1485)
<NET-CHANGE-FROM-OPS> 364
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (394)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 75
<NUMBER-OF-SHARES-REDEEMED> (794)
<SHARES-REINVESTED> 28
<NET-CHANGE-IN-ASSETS> (6930)
<ACCUMULATED-NII-PRIOR> 14
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> (5906)
<GROSS-ADVISORY-FEES> 108
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 421
<AVERAGE-NET-ASSETS> 30705
<PER-SHARE-NAV-BEGIN> 9.75
<PER-SHARE-NII> 0.13
<PER-SHARE-GAIN-APPREC> 0.01
<PER-SHARE-DIVIDEND> (0.12)
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 9.77
<EXPENSE-RATIO> 2.72
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000746703
<NAME> PAINEWEBBER MANAGED INVESTMENT TRUST
<SERIES>
<NUMBER> 3
<NAME> UTILITY INCOME CLASS C
<MULTIPLIER> 1000
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> MAR-31-1997
<PERIOD-START> APR-01-1996
<PERIOD-END> SEP-30-1996
<INVESTMENTS-AT-COST> 8453
<INVESTMENTS-AT-VALUE> 8885
<RECEIVABLES> 43
<ASSETS-OTHER> 32
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 8960
<PAYABLE-FOR-SECURITIES> 23
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 66
<TOTAL-LIABILITIES> 89
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 9856
<SHARES-COMMON-STOCK> 908
<SHARES-COMMON-PRIOR> 1135
<ACCUMULATED-NII-CURRENT> 8
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 0
<OVERDISTRIBUTION-GAINS> (1425)
<ACCUM-APPREC-OR-DEPREC> 432
<NET-ASSETS> 8871
<DIVIDEND-INCOME> 187
<INTEREST-INCOME> 74
<OTHER-INCOME> 0
<EXPENSES-NET> (134)
<NET-INVESTMENT-INCOME> 127
<REALIZED-GAINS-CURRENT> 456
<APPREC-INCREASE-CURRENT> (469)
<NET-CHANGE-FROM-OPS> 114
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (126)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 17
<NUMBER-OF-SHARES-REDEEMED> (254)
<SHARES-REINVESTED> 11
<NET-CHANGE-IN-ASSETS> (2191)
<ACCUMULATED-NII-PRIOR> 4
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> (1881)
<GROSS-ADVISORY-FEES> 34
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 134
<AVERAGE-NET-ASSETS> 9861
<PER-SHARE-NAV-BEGIN> 9.75
<PER-SHARE-NII> 0.13
<PER-SHARE-GAIN-APPREC> 0.01
<PER-SHARE-DIVIDEND> (0.12)
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 9.77
<EXPENSE-RATIO> 2.73
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
For period ending September 30, 1996 Attachment 77C
File Number 811-4040
PaineWebber Managed Investments Trust - Utility Income Fund
A special meeting of shareholders was held on April 15, 1996, at which the
following proposals were approved:
To vote for or against the
following changes to the
Funds fundamental investment
restrictions and policies (the
enumeration below follows that
used in the related proxy
statement):
Shares Voted Shares Voted Shares
For Against Abstain
1. Modification of Fundamental
Restriction on Portfolio
Diversification for Diversified
Funds 2,878,985 30,682 141,048
2. Modification of Fundamental
Restriction on Concentration 2,878,985 30,682 141,048
3. Modification of Fundamental
Restriction on Senior
Securities and Borrowing 2,878,985 30,682 141,048
4. Modification of Fundamental
Restriction on Making Loans 2,878,985 30,682 141,048
5. Modification of Fundamental
Restriction on Underwriting
Securities 2,878,985 30,682 141,048
6. Modification of Fundamental
Restriction on Real Estate
Investments 2,878,985 30,682 141,048
7. Modification of Fundamental
Restriction on Investing in
Commodities 2,878,985 30,682 141,048
8. Elimination of Fundamental
Restriction on Margin
Transactions 2,878,985 30,682 141,048
9. Elimination of Fundamental
Restriction on Short Sales 2,878,985 30,682 141,048
10. Elimination of Fundamental
Restriction on Investments in
Oil, Gas and Mineral Leases
and Programs 2,878,985 30,682 141,048
In addition to the item noted above, the Fund s shareholders elected
board members. Pursuant to Instruction 2 of Sub-Item 77C of Form N-SAR,
it is not necessary to provide in this exhibit details concerning
shareholder action on this proposal since there were no solicitations
in opposition to the registrant s nominees and all of the nominees were
elected.
A more complete description of the proposal referred to above is hereby
incorporated by reference to the Fund s proxy materials dated
February 28, 1996 relating to the Special Meeting of Shareholders.
These Schedule 14A materials were filed with the Securities and Exchange
Commission via EDGAR on February 28, 1996; the accession code number
was 0000950112-96-000634.
