<PAGE> PAGE 1
000 A000000 04/30/97
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 INVESTMENTS TRUST
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001 C000000 2127133041
002 A000000 1285 AVE OF THE AMERICAS
002 B000000 NEW YORK
002 C000000 NY
002 D010000 10019
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008 A00AA01 MITCHELL HUTCHINS ASSET MANAGEMENT INC.
008 B00AA01 A
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008 D02AA01 NY
008 D03AA01 10019
008 A00AA02 SCHRODER CAPITAL MANAGEMENT INTERNATIONAL INC
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010 A00AA01 MITCHELL HUTCHINS ASSET MANAGEMENT INC.
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010 C01AA01 NEW YORK
010 C02AA01 NY
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<PAGE> PAGE 2
011 A00AA01 PAINEWEBBER INC.
011 B00AA01 8-16267
011 C01AA01 NEW YORK
011 C02AA01 NY
011 C03AA01 10019
012 A00AA01 PFPC,INC.
012 B00AA01 85-0000
012 C01AA01 WILMINGTON
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
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015 B00AA02 S
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015 D01AA02 AUSTRALIA
015 E04AA02 X
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015 B00AA03 S
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015 B00AA04 S
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015 E04AA04 X
015 A00AA05 STANDARD CHARTERED BANK
015 B00AA05 S
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015 E04AA05 X
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<PAGE> PAGE 3
015 E04AA07 X
015 A00AA08 SEOUL BANK
015 B00AA08 S
015 C01AA08 SEOUL
015 D01AA08 KOREA
015 E04AA08 X
015 A00AA09 STANDARD CHARTERED BANK MALAYSIA BERHAD
015 B00AA09 S
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015 B00AA12 S
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015 B00AA13 S
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015 E04AA14 X
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015 B00AA15 S
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015 E04AA15 X
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015 B00AA16 S
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015 E04AA16 X
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<PAGE> PAGE 4
018 00AA00 Y
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020 A000001 CREDIT LYONNAIS SECURITIES
020 B000001 00-0000000
020 C000001 45
020 A000002 SOCGENT CROSBY SECURITIES
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020 C000002 29
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020 B000003 13-3082694
020 C000003 29
020 A000004 ROBERT FLEMING SECURITIES
020 B000004 13-3298866
020 C000004 27
020 A000005 BZW SECURITIES LTD.
020 B000005 13-3551367
020 C000005 21
020 A000006 CAZENOVE SECURITIES LTD
020 B000006 94-1658752
020 C000006 19
020 A000007 KIM ENG SECURITIES (HK)
020 B000007 13-3589747
020 C000007 18
020 A000008 BARING SECURITIES INC
020 B000008 04-2455153
020 C000008 17
020 A000009 COUNTY NATEWST (AUSTRALIA)
020 B000009 00-0000000
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020 A000010 JARDINE FLEMING INTL SEC
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<PAGE> PAGE 5
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<PAGE> PAGE 6
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<PAGE> PAGE 7
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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
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SIGNATURE PAUL SCHUBERT
TITLE TREASURER
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
^WPC^^^^{'^^^^^ll^x%^y^^<PAGE>
^^T^=^J7M^nN^^^d^^^^^^4^^V^"^^9^1N^_bA<^^F^^c`^^^^5^^^^^^^yy^^^^DuN^+^^+l.^:^^Q^^NV^^S^^ A^^^/^>^^^^^^C<\%J
^0+QA^^^^^^^^^<^^%^M^^^^M^^f'w^^K^2^^^^^R^^^^^^E?"5^^wi^^^^^^R6
^^,^;B^^^^^^N^^^^^^^^hd^^^^^^^% ^^^^^^0^^^W^r^X^^j^^^^^=^aYd^^^^^+^^^<PAGE>
^^^~^^=^e^^Jqd ^^0^^^^m^0^ ^<S>^^^^^^^^^^^^^^^^^^^^^^^^^
^^^^<C>^<PERIOD-TYPE>^^^^^^^^^^^^^^^^^^^2-MOS^<FISCAL-YEAR-END>^^^^^^^^^^^^^^^^^^^^^^^^^^OCT-31-1997^<PERIOD-START>^^^^^^^^^^^^^^^^^^
^^^^^^^^^^^MAR-25-1997^<PERIOD-END>^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^APR-30-1997^<INVESTMENTS-AT-COST>^^^^^^^^^^^^^^^^^^^^^^^^^^^^25563^
<INVESTMENTS-AT-VALUE>^^^^^^^^^^^^^^^^^^^^^^^^^^^25492^<RECEIVABLES>^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^1134^<ASSETS-OTHER>^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^
^^^^^^^214^<OTHER-ITEMS-ASSETS>^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^60^<TOTAL-ASSETS>^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^26900^<PAYABLE-FOR
- -SECURITIES>^^^^^^^^^^^^^^^^^^^^^^^^^^^523^<SENIOR-LONG-TERM-DEBT>^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^0^<OTHER-ITEMS-LIABILITIES>^^^^^^^^^^^^^^^^^^^^^
^^^^^122^<TOTAL-LIABILITIES>^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^645^<SENIOR-EQUITY>^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^0^<PAID-IN-CAPIT
AL-COMMON>^^^^^^^^^^^^^^^^^^^^^^^^^26313^<SHARES-COMMON-STOCK>^^^^^^^^^^^^^^^^^^^^^^^^^^^^^2105^<SHARES-COMMON-PRIOR>^^^^^^^^^^^^^^^^^^^^^^^^^
^^^^^^^0^<ACCUMULATED-NII-CURRENT>^^^^^^^^^^^^^^^^^^^^^^^^^^^21^<OVERDISTRIBUTION-NII>^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^0^<ACCUMULATED-N
ET-GAINS>^^^^^^^^^^^^^^^^^^^^^^^^^^^^(7)^<OVERDISTRIBUTION-GAINS>^^^^^^^^^^^^^^^^^^^^^^^^^^^^^0^<ACCUM-APPREC-OR-DEPREC>^^^^^^^^^^^^^^^^^^^^^
^^^^^(72)^<NET-ASSETS>^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^26255^<DIVIDEND-INCOME>^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^53^<INTEREST-INC
OME>^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^27^<OTHER-INCOME>^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^0^<EXPENSES-NET>^^^^^^^^^^^^^^^^^^^^^^^^^
^^^^^^^^^^^^^48^<NET-INVESTMENT-INCOME>^^^^^^^^^^^^^^^^^^^^^^^^^^^^^32^<REALIZED-GAINS-CURRENT>^^^^^^^^^^^^^^^^^^^^^^^^^^^(7)^<APPREC
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^^^^^^0^<DISTRIBUTIONS-OF-INCOME>^^^^^^^^^^^^^^^^^^^^^^^^^^^^0^<DISTRIBUTIONS-OF-GAINS>^^^^^^^^^^^^^^^^^^^^^^^^^^^^^0^<DISTRIBUTIONS-
OTHER>^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^0^^^^^^^^^^^^^^^^^0^<NET-CHANGE-IN-ASSETS>^^^^^^^^^^^^^^^^^^^^^^^^^^^26255^<ACCUMULATED-NII-PRIOR>^^
^^^^^^^^^^^^^^^^^^^^^^^^^^^^0^<ACCUMULATED-GAINS-PRIOR>^^^^^^^^^^^^^^^^^^^^^^^^^^^^0^<OVERDISTRIB-NII-PRIOR>^^^^^^^^^^^^^^^^^^^^^^^^^
^^^^^0^<OVERDIST-NET-GAINS-PRIOR>^^^^^^^^^^^^^^^^^^^^^^^^^^^0^<GROSS-ADVISORY-FEES>^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^30^<INTEREST-EXPENS
E>
^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^0^<GROSS-EXPENSE>^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^48^<AVERAGE-NET-ASSETS>^^^^^^^^^^^^^^^^^^^^^
^^^^^^^^25391^<PER-SHARE-NAV-BEGIN>^^^^^^^^^^^^^^^^^^^^^^^^^^^^12.50^<PER-SHARE-NII>^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^0.02^<PER-SHAR
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^^^^^^^^0^<RETURNS-OF-CAPITAL>^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^0^<PER-SHARE-NAV-END>^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^12.48^<EXPENSE-RATI
O>
^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^1.92^<AVG-DEBT-OUTSTANDING>^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^0^<AVG-DEBT-PER-SHARE>^^^^^^^^^^^^^^^^^^
^^^^^^^^^^^^^^^0^
</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
^WPC^^^^)^^^^^"/u^i?^^^^]^J^^s^^^6^A^^mBl^^^^^^k|^^^^^^^?^^^be^F^^nve^;^X^^^P^^^^,T^ZG.\^c^^^
</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
^WPC^^^
</TABLE>
