PAINEWEBBER MANAGED INVESTMENTS TRUST
NSAR-A, EX-27, 2000-07-31
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<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000746703
<NAME> PAINEWEBBER MANAGED INVESTMENT TRUST
<SERIES>
   <NUMBER> 3
   <NAME> PAINEWEBBER HIGH INCOME FUND - B
<MULTIPLIER> 1,000

<S>                             <C>
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          NOV-30-2000
<PERIOD-START>                             DEC-01-1999
<PERIOD-END>                               MAY-31-2000
<INVESTMENTS-AT-COST>                            65573
<INVESTMENTS-AT-VALUE>                           51244
<RECEIVABLES>                                     1394
<ASSETS-OTHER>                                       2
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                                   52640
<PAYABLE-FOR-SECURITIES>                           235
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                          490
<TOTAL-LIABILITIES>                                725
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                        103961
<SHARES-COMMON-STOCK>                            10462
<SHARES-COMMON-PRIOR>                            15283
<ACCUMULATED-NII-CURRENT>                          288
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                        (38005)
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                       (14330)
<NET-ASSETS>                                     51914
<DIVIDEND-INCOME>                                    0
<INTEREST-INCOME>                                 3858
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                     631
<NET-INVESTMENT-INCOME>                           3227
<REALIZED-GAINS-CURRENT>                       (10981)
<APPREC-INCREASE-CURRENT>                       (1363)
<NET-CHANGE-FROM-OPS>                           (9117)
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                       (3846)
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                           3916
<NUMBER-OF-SHARES-REDEEMED>                      23284
<SHARES-REINVESTED>                               1290
<NET-CHANGE-IN-ASSETS>                         (31041)
<ACCUMULATED-NII-PRIOR>                            694
<ACCUMULATED-GAINS-PRIOR>                      (31839)
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                              172
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                    631
<AVERAGE-NET-ASSETS>                             74801
<PER-SHARE-NAV-BEGIN>                             6.11
<PER-SHARE-NII>                                   0.28
<PER-SHARE-GAIN-APPREC>                         (1.13)
<PER-SHARE-DIVIDEND>                            (0.30)
<PER-SHARE-DISTRIBUTIONS>                            0
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                               4.96
<EXPENSE-RATIO>                                   1.77



</TABLE>


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