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 - C
<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>                            28401
<INVESTMENTS-AT-VALUE>                           26113
<RECEIVABLES>                                     2999
<ASSETS-OTHER>                                       4
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                                   29116
<PAYABLE-FOR-SECURITIES>                          2154
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                         2494
<TOTAL-LIABILITIES>                               4648
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                         29332
<SHARES-COMMON-STOCK>                             2587
<SHARES-COMMON-PRIOR>                             2972
<ACCUMULATED-NII-CURRENT>                            0
<OVERDISTRIBUTION-NII>                              31
<ACCUMULATED-NET-GAINS>                              0
<OVERDISTRIBUTION-GAINS>                          2545
<ACCUM-APPREC-OR-DEPREC>                        (2288)
<NET-ASSETS>                                     24468
<DIVIDEND-INCOME>                                    0
<INTEREST-INCOME>                                 1052
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                     198
<NET-INVESTMENT-INCOME>                            854
<REALIZED-GAINS-CURRENT>                         (337)
<APPREC-INCREASE-CURRENT>                        (963)
<NET-CHANGE-FROM-OPS>                            (446)
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                          883
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                            102
<NUMBER-OF-SHARES-REDEEMED>                        530
<SHARES-REINVESTED>                                 43
<NET-CHANGE-IN-ASSETS>                          (5092)
<ACCUMULATED-NII-PRIOR>                              0
<ACCUMULATED-GAINS-PRIOR>                            0
<OVERDISTRIB-NII-PRIOR>                             40
<OVERDIST-NET-GAINS-PRIOR>                        2392
<GROSS-ADVISORY-FEES>                               65
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                    198
<AVERAGE-NET-ASSETS>                             26835
<PER-SHARE-NAV-BEGIN>                             9.94
<PER-SHARE-NII>                                   0.32
<PER-SHARE-GAIN-APPREC>                         (0.48)
<PER-SHARE-DIVIDEND>                              0.32
<PER-SHARE-DISTRIBUTIONS>                            0
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                               9.46
<EXPENSE-RATIO>                                   1.48



</TABLE>


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