PAINEWEBBER MANAGED INVESTMENTS TRUST
NSAR-A/A, EX-27, 2000-06-06
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WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000746703
<NAME> PAINEWEBBER MANAGED INVESTMENTS TRUST
<SERIES>
   <NUMBER> 8
   <NAME> PAINEWEBBER STRATEGY FUND CLASS B
<MULTIPLIER> 1000

<S>                             <C>
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          SEP-30-2000
<PERIOD-START>                             DEC-02-1999
<PERIOD-END>                               MAR-31-2000
<INVESTMENTS-AT-COST>                           748410
<INVESTMENTS-AT-VALUE>                          773138
<RECEIVABLES>                                     2215
<ASSETS-OTHER>                                   12765
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                                  788118
<PAYABLE-FOR-SECURITIES>                             0
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                        15998
<TOTAL-LIABILITIES>                              15998
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                        757303
<SHARES-COMMON-STOCK>                            75454
<SHARES-COMMON-PRIOR>                                0
<ACCUMULATED-NII-CURRENT>                       (2629)
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                         (7283)
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                         24728
<NET-ASSETS>                                    772120
<DIVIDEND-INCOME>                                  930
<INTEREST-INCOME>                                  630
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                  (4787)
<NET-INVESTMENT-INCOME>                         (3227)
<REALIZED-GAINS-CURRENT>                        (7283)
<APPREC-INCREASE-CURRENT>                        24728
<NET-CHANGE-FROM-OPS>                            14217
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                            0
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                          79524
<NUMBER-OF-SHARES-REDEEMED>                     (4070)
<SHARES-REINVESTED>                                  0
<NET-CHANGE-IN-ASSETS>                          771495
<ACCUMULATED-NII-PRIOR>                              0
<ACCUMULATED-GAINS-PRIOR>                            0
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                             1928
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                 (4788)
<AVERAGE-NET-ASSETS>                            757273
<PER-SHARE-NAV-BEGIN>                            10.00
<PER-SHARE-NII>                                 (0.04)
<PER-SHARE-GAIN-APPREC>                           0.27
<PER-SHARE-DIVIDEND>                                 0
<PER-SHARE-DISTRIBUTIONS>                            0
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              10.23
<EXPENSE-RATIO>                                   1.90
[AVG-DEBT-OUTSTANDING]                               0
[AVG-DEBT-PER-SHARE]                                 0


</TABLE>


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