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> 2
   <NAME> INVESTMENT GRADE INCOME FUND - A
<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>                           218459
<INVESTMENTS-AT-VALUE>                          200861
<RECEIVABLES>                                    23073
<ASSETS-OTHER>                                      26
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                                  223960
<PAYABLE-FOR-SECURITIES>                         16570
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                        19181
<TOTAL-LIABILITIES>                              35751
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                        225621
<SHARES-COMMON-STOCK>                            19899
<SHARES-COMMON-PRIOR>                            20257
<ACCUMULATED-NII-CURRENT>                            0
<OVERDISTRIBUTION-NII>                             240
<ACCUMULATED-NET-GAINS>                              0
<OVERDISTRIBUTION-GAINS>                         19574
<ACCUM-APPREC-OR-DEPREC>                       (17598)
<NET-ASSETS>                                    188209
<DIVIDEND-INCOME>                                    0
<INTEREST-INCOME>                                 8091
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                     950
<NET-INVESTMENT-INCOME>                           7141
<REALIZED-GAINS-CURRENT>                        (2593)
<APPREC-INCREASE-CURRENT>                       (7407)
<NET-CHANGE-FROM-OPS>                           (2859)
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                         6982
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                           2100
<NUMBER-OF-SHARES-REDEEMED>                       2872
<SHARES-REINVESTED>                                414
<NET-CHANGE-IN-ASSETS>                         (13256)
<ACCUMULATED-NII-PRIOR>                              0
<ACCUMULATED-GAINS-PRIOR>                            0
<OVERDISTRIB-NII-PRIOR>                            275
<OVERDIST-NET-GAINS-PRIOR>                       16303
<GROSS-ADVISORY-FEES>                              500
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                    950
<AVERAGE-NET-ASSETS>                            197054
<PER-SHARE-NAV-BEGIN>                             9.95
<PER-SHARE-NII>                                   0.35
<PER-SHARE-GAIN-APPREC>                         (0.49)
<PER-SHARE-DIVIDEND>                              0.35
<PER-SHARE-DISTRIBUTIONS>                            0
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                               9.46
<EXPENSE-RATIO>                                   0.97



</TABLE>


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