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010 B00AA01 801-13219
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010 C02AA01 NY
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011 A00AA01 PAINEWEBBER INC.
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<PAGE> PAGE 2
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012 C02AA01 DE
012 C03AA01 19809
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013 B03AA01 10019
014 A00AA01 PAINEWEBBER INC.
014 B00AA01 8-16267
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015 C03AA01 02171
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<PAGE> PAGE 3
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<PAGE> PAGE 4
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<PAGE> PAGE 10
SIGNATURE PAUL SCHUBERT
TITLE TREASURER
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
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WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
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WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
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</TABLE>
For period ending September 30, 1998 Exhibit 77O
File Number 811-4040
Managed Investments Trust
FORM 10f-3 FUND: PaineWebber Utility Income
Fund
Record of Securities Purchased Under the Fund's Rule 10f-3
Procedures
1. Issuer: Clarion
2. Date of Purchase: 5/28/98 3. Date offering
commenced: 5/28/98
4. Underwriters from whom purchased: Bear Stearns
5. "Affiliated Underwriter" managing or participating
in syndicate:
PaineWebber
6. Aggregate principal amount of purchase: $400,000
7. Aggregate principal amount of offering:
$80,000,000
8. Purchase price (net of fees and expenses): $20
9. Initial public offering price: $20
10. Commission, spread or profit: % $0.795
11. Have the following conditions been satisfied?
YES
NO
a. The securities are part of an issue registered
under the Securities Act of 1933 which is being
offered to the public or are "municipal
securities" as defined in Section 3(a)(29) of the
Securities Exchange Act of 1934.
___X___
_______
b. The securities were purchased prior to the end
of the first full business day of the offering at not
more than the initial offering price (or, if a rights
offering, the securities were purchased on or
before the fourth day preceding the day on
which the offering terminated).
___X___
_______
c. The underwriting was a firm commitment
underwriting.
___X___
_______
d. The commission, spread or profit was reasonable
and fair in relation to that being received by
others for underwriting similar securities during
the same period.
___X___
_______
e. If securities are registered under the Securities
Act of 1933, the issuer of the securities and its
predecessor have been in continuous operation
for not less than three years.
___X___
_______
f. The amount of such securities purchased by all
of the investment companies advised by Mitchell
Hutchins did not exceed 4% of the principal
amount of the offering or $500,000 in principal
amount, whichever is greater, provided that in
no event did such amount exceed 10% of the
principal amount of the offering.
___X___
_______
g. The purchase price was less than 3% of the
Fund's total assets.
___X___
_______
h. No Affiliated Underwriter was a direct or
indirect participant in or beneficiary of the sale
or, with respect to municipal securities, no
purchases were designated as group sales or
otherwise allocated to the account of any
Affiliated Underwriter.
___X____
_______
Approved: Lauren Mal Date: 9-98