<PAGE> PAGE 1
000 A000000 11/30/1999
000 C000000 0000764859
000 D000000 N
000 E000000 NF
000 F000000 Y
000 G000000 N
000 H000000 N
000 I000000 6.1
000 J000000 A
001 A000000 AMERICAN PENSION INVESTORS TRUST
001 B000000 811-4262
001 C000000 8048461361
002 A000000 2303 YORKTOWN AVENUE
002 B000000 LYNCHBURG
002 C000000 VA
002 D010000 24501
003 000000 N
004 000000 N
005 000000 N
006 000000 N
007 A000000 Y
007 B000000 5
007 C010100 1
007 C020100 AMERICAN PENSION INVESTORS TRUST GROWTH FUND
007 C030100 N
007 C010200 2
007 C010300 3
007 C020300 AMERICAN PENSION INV. TR. CAPITAL INCOME FUND
007 C030300 N
007 C010400 4
007 C010500 5
007 C010600 6
007 C020600 AMER. PENSION INV. TR. YORKTOWN CLASSIC VALUE
007 C030600 N
007 C010700 7
007 C020700 AMERICAN PENSION INV. TR. TREASURIES TRUST
007 C030700 N
007 C010800 8
007 C020800 AMER. PENSION INV. TR. MULTIPLE INDEX TRUST
007 C030800 N
007 C010900 9
007 C011000 10
020 A000001 REYNDERS, GRAY & COMPANY, INC.
020 B000001 13-2942212
020 C000001 44
020 A000002 MOORS & CABOT, INC.
020 B000002 04-2644548
020 C000002 27
020 A000003 SENTRA SECURITIES CORPORATION
020 B000003 95-3635749
020 C000003 18
<PAGE> PAGE 2
020 A000004 RAYMOND JAMES & ASSOCIATES, INC.
020 B000004 59-1237041
020 C000004 13
020 A000005 MHA FINANCIAL CORP.
020 B000005 04-2614709
020 C000005 7
020 A000006 TITAN/VALUE EQUITIES GROUP, INC.
020 B000006 94-2847425
020 C000006 5
020 A000007 LIPPER ANALYTICAL SERVICES CORP.
020 B000007 13-2792478
020 C000007 4
020 A000008 HARBOUR INVESTMENTS, INC.
020 B000008 39-1571149
020 C000008 3
020 A000009 SECURITIES SERVICES NETWORK, INC.
020 B000009 62-1152936
020 C000009 3
020 A000010 CAPITAL INVESTMENT GROUP, INC.
020 B000010 56-1394939
020 C000010 2
021 000000 134
022 A000001 GATES CAPITAL CORPORATION
022 B000001 13-3636543
022 C000001 4904
022 D000001 7197
022 C000002 0
022 D000002 0
022 C000003 0
022 D000003 0
022 C000004 0
022 D000004 0
022 C000005 0
022 D000005 0
022 C000006 0
022 D000006 0
022 C000007 0
022 D000007 0
022 C000008 0
022 D000008 0
022 C000009 0
022 D000009 0
022 C000010 0
022 D000010 0
023 C000000 4904
023 D000000 7197
027 000000 Y
077 A000000 N
015 A000101 BRANCH BANKING AND TRUST CO.
015 B000101 C
015 C010101 WILSON
<PAGE> PAGE 3
015 C020101 NC
015 C030101 27894
015 E010101 X
019 B000100 0
025 D000101 0
025 D000102 0
025 D000103 0
025 D000104 0
025 D000105 0
025 D000106 0
025 D000107 0
025 D000108 0
028 A010100 232
028 A020100 0
028 A030100 0
028 A040100 1723
028 B010100 509
028 B020100 0
028 B030100 0
028 B040100 1077
028 C010100 321
028 C020100 0
028 C030100 0
028 C040100 1620
028 D010100 665
028 D020100 7180
028 D030100 0
028 D040100 1071
028 E010100 357
028 E020100 0
028 E030100 0
028 E040100 1255
028 F010100 745
028 F020100 0
028 F030100 0
028 F040100 1143
028 G010100 2829
028 G020100 7180
028 G030100 0
028 G040100 7889
028 H000100 0
034 000100 Y
035 000100 1
036 A000100 N
036 B000100 0
042 A000100 0
042 B000100 0
042 C000100 100
042 D000100 0
042 E000100 0
042 F000100 0
<PAGE> PAGE 4
042 G000100 0
042 H000100 0
043 000100 362
044 000100 0
062 A000100 N
062 B000100 0.0
062 C000100 0.0
062 D000100 0.0
062 E000100 0.0
062 F000100 0.0
062 G000100 0.0
062 H000100 0.0
062 I000100 0.0
062 J000100 0.0
062 K000100 0.0
062 L000100 0.0
062 M000100 0.0
062 N000100 0.0
062 O000100 0.0
062 P000100 0.0
062 Q000100 0.0
062 R000100 0.0
066 A000100 Y
066 D000100 Y
071 A000100 13570
071 B000100 17084
071 C000100 71260
071 D000100 19
072 A000100 6
072 B000100 18
072 C000100 135
072 D000100 0
072 E000100 0
072 F000100 362
072 G000100 0
072 H000100 0
072 I000100 122
072 J000100 12
072 K000100 0
072 L000100 12
072 M000100 9
072 N000100 9
072 O000100 0
072 P000100 0
072 Q000100 0
072 R000100 19
072 S000100 6
072 T000100 362
072 U000100 0
072 V000100 0
072 W000100 20
<PAGE> PAGE 5
072 X000100 933
072 Y000100 59
072 Z000100 -721
072AA000100 5352
072BB000100 674
072CC010100 5434
072CC020100 0
072DD010100 0
072DD020100 0
072EE000100 7298
073 A010100 0.0000
073 A020100 0.0000
073 B000100 1.5200
073 C000100 0.0000
074 A000100 4495
074 B000100 0
074 C000100 0
074 D000100 0
074 E000100 0
074 F000100 6655
074 G000100 0
074 H000100 0
074 I000100 68313
074 J000100 0
074 K000100 0
074 L000100 0
074 M000100 229
074 N000100 79692
074 O000100 3497
074 P000100 119
074 Q000100 0
074 R010100 0
074 R020100 0
074 R030100 0
074 R040100 100
074 S000100 0
074 T000100 75976
074 U010100 5257
074 U020100 0
074 V010100 14.45
074 V020100 0.00
074 W000100 0.0000
074 X000100 3857
074 Y000100 0
075 A000100 0
075 B000100 72286
076 000100 0.00
028 A010200 156
028 A020200 0
028 A030200 0
028 A040200 104
<PAGE> PAGE 6
028 B010200 378
028 B020200 0
028 B030200 0
028 B040200 439
028 C010200 119
028 C020200 0
028 C030200 0
028 C040200 250
028 D010200 438
028 D020200 927
028 D030200 0
028 D040200 337
028 E010200 284
028 E020200 0
028 E030200 0
028 E040200 221
028 F010200 126
028 F020200 0
028 F030200 0
028 F040200 427
028 G010200 1501
028 G020200 927
028 G030200 0
028 G040200 1778
028 H000200 0
015 A000301 BRANCH BANKING AND TRUST CO.
015 B000301 C
015 C010301 WILSON
015 C020301 NC
015 C030301 27894
015 E010301 X
034 000300 Y
035 000300 0
036 A000300 N
036 B000300 0
042 A000300 0
042 B000300 0
042 C000300 100
042 D000300 0
042 E000300 0
042 F000300 0
042 G000300 0
042 H000300 0
043 000300 36
044 000300 0
062 A000300 N
062 B000300 0.0
062 C000300 0.0
062 D000300 0.0
062 E000300 0.0
062 F000300 0.0
<PAGE> PAGE 7
062 G000300 0.0
062 H000300 0.0
062 I000300 0.0
062 J000300 0.0
062 K000300 0.0
062 L000300 0.0
062 M000300 0.0
062 N000300 0.0
062 O000300 0.0
062 P000300 0.0
062 Q000300 0.0
062 R000300 0.0
066 A000300 Y
066 F000300 Y
071 A000300 0
071 B000300 0
071 C000300 0
071 D000300 0
072 A000300 6
072 B000300 8
072 C000300 100
072 D000300 0
072 E000300 0
072 F000300 43
072 G000300 0
072 H000300 0
072 I000300 26
072 J000300 3
072 K000300 0
072 L000300 3
072 M000300 1
072 N000300 6
072 O000300 0
072 P000300 0
072 Q000300 0
072 R000300 3
072 S000300 6
072 T000300 36
072 U000300 0
072 V000300 0
072 W000300 4
072 X000300 131
072 Y000300 43
072 Z000300 20
072AA000300 496
072BB000300 0
072CC010300 606
072CC020300 0
072DD010300 0
072DD020300 0
072EE000300 995
<PAGE> PAGE 8
073 A010300 0.0000
073 A020300 0.0000
073 B000300 1.6650
073 C000300 0.0000
074 A000300 1567
074 B000300 0
074 C000300 0
074 D000300 0
074 E000300 0
074 F000300 484
074 G000300 0
074 H000300 0
074 I000300 13745
074 J000300 0
074 K000300 0
074 L000300 0
074 M000300 38
074 N000300 15834
074 O000300 1200
074 P000300 6
074 Q000300 0
074 R010300 0
074 R020300 0
074 R030300 0
074 R040300 28
074 S000300 0
074 T000300 14600
074 U010300 632
074 U020300 0
074 V010300 23.09
074 V020300 0.00
074 W000300 0.0000
074 X000300 750
074 Y000300 0
075 A000300 0
075 B000300 14174
076 000300 0.00
028 A010600 2960
028 A020600 0
028 A030600 0
028 A040600 102
028 B010600 329
028 B020600 0
028 B030600 0
028 B040600 176
028 C010600 75
028 C020600 0
028 C030600 0
028 C040600 6310
028 D010600 6369
028 D020600 1390
<PAGE> PAGE 9
028 D030600 0
028 D040600 176
028 E010600 314
028 E020600 0
028 E030600 0
028 E040600 121
028 F010600 132
028 F020600 0
028 F030600 0
028 F040600 225
028 G010600 10179
028 G020600 1390
028 G030600 0
028 G040600 7110
028 H000600 0
034 000600 Y
035 000600 3
036 A000600 N
036 B000600 0
042 A000600 0
042 B000600 0
042 C000600 100
042 D000600 0
042 E000600 0
042 F000600 0
042 G000600 0
042 H000600 0
043 000600 77
044 000600 0
062 A000600 N
062 B000600 0.0
062 C000600 0.0
062 D000600 0.0
062 E000600 0.0
062 F000600 0.0
062 G000600 0.0
062 H000600 0.0
062 I000600 0.0
062 J000600 0.0
062 K000600 0.0
062 L000600 0.0
062 M000600 0.0
062 N000600 0.0
062 O000600 0.0
062 P000600 0.0
062 Q000600 0.0
062 R000600 0.0
066 A000600 Y
066 D000600 Y
071 A000600 16816
071 B000600 16803
<PAGE> PAGE 10
071 C000600 21273
071 D000600 79
072 A000600 6
072 B000600 2
072 C000600 116
072 D000600 0
072 E000600 0
072 F000600 77
072 G000600 0
072 H000600 0
072 I000600 25
072 J000600 6
072 K000600 0
072 L000600 3
072 M000600 1
072 N000600 6
072 O000600 0
072 P000600 133
072 Q000600 0
072 R000600 4
072 S000600 6
072 T000600 77
072 U000600 0
072 V000600 0
072 W000600 5
072 X000600 343
072 Y000600 13
072 Z000600 -212
072AA000600 1363
072BB000600 1641
072CC010600 292
072CC020600 0
072DD010600 0
072DD020600 0
072EE000600 1433
073 A010600 0.0000
073 A020600 0.0000
073 B000600 1.2750
073 C000600 0.0000
074 A000600 3
074 B000600 0
074 C000600 0
074 D000600 0
074 E000600 0
074 F000600 21901
074 G000600 0
074 H000600 0
074 I000600 0
074 J000600 0
074 K000600 0
074 L000600 0
<PAGE> PAGE 11
074 M000600 23
074 N000600 21927
074 O000600 0
074 P000600 25
074 Q000600 0
074 R010600 0
074 R020600 0
074 R030600 0
074 R040600 3488
074 S000600 0
074 T000600 18414
074 U010600 1231
074 U020600 0
074 V010600 14.96
074 V020600 0.00
074 W000600 0.0000
074 X000600 700
074 Y000600 0
075 A000600 0
075 B000600 17055
076 000600 0.00
028 A010700 147
028 A020700 44
028 A030700 0
028 A040700 2986
028 B010700 233
028 B020700 0
028 B030700 0
028 B040700 316
028 C010700 78
028 C020700 0
028 C030700 0
028 C040700 75
028 D010700 703
028 D020700 45
028 D030700 0
028 D040700 56
028 E010700 207
028 E020700 0
028 E030700 0
028 E040700 110
028 F010700 39
028 F020700 0
028 F030700 0
028 F040700 64
028 G010700 1407
028 G020700 89
028 G030700 0
028 G040700 3607
028 H000700 0
034 000700 Y
<PAGE> PAGE 12
035 000700 1
036 A000700 N
036 B000700 0
062 A000700 Y
062 B000700 0.0
062 C000700 0.0
062 D000700 0.0
062 E000700 0.0
062 F000700 0.0
062 G000700 0.0
062 H000700 0.0
062 I000700 0.0
062 J000700 0.0
062 K000700 0.0
062 L000700 0.0
062 M000700 100.0
062 N000700 0.0
062 O000700 0.0
062 P000700 0.0
062 Q000700 0.0
062 R000700 0.0
063 A000700 0
063 B000700 8.5
064 A000700 N
064 B000700 N
066 A000700 N
067 000700 N
071 A000700 4904
071 B000700 7197
071 C000700 4824
071 D000700 102
072 A000700 6
072 B000700 176
072 C000700 0
072 D000700 0
072 E000700 0
072 F000700 10
072 G000700 0
072 H000700 0
072 I000700 11
072 J000700 2
072 K000700 0
072 L000700 1
072 M000700 1
072 N000700 4
072 O000700 0
072 P000700 0
072 Q000700 0
072 R000700 2
072 S000700 6
072 T000700 0
<PAGE> PAGE 13
072 U000700 0
072 V000700 0
072 W000700 1
072 X000700 38
072 Y000700 16
072 Z000700 154
072AA000700 0
072BB000700 404
072CC010700 162
072CC020700 0
072DD010700 94
072DD020700 0
072EE000700 0
073 A010700 0.2000
073 A020700 0.0000
073 B000700 0.0000
073 C000700 0.0000
074 A000700 296
074 B000700 0
074 C000700 0
074 D000700 4916
074 E000700 0
074 F000700 0
074 G000700 0
074 H000700 0
074 I000700 0
074 J000700 0
074 K000700 0
074 L000700 0
074 M000700 11
074 N000700 5223
074 O000700 0
074 P000700 0
074 Q000700 0
074 R010700 0
074 R020700 0
074 R030700 0
074 R040700 11
074 S000700 0
074 T000700 5212
074 U010700 511
074 U020700 0
074 V010700 10.21
074 V020700 0.00
074 W000700 0.0000
074 X000700 289
074 Y000700 0
075 A000700 0
075 B000700 5250
076 000700 0.00
028 A010800 141
<PAGE> PAGE 14
028 A020800 0
028 A030800 0
028 A040800 42
028 B010800 670
028 B020800 0
028 B030800 0
028 B040800 26
028 C010800 91
028 C020800 0
028 C030800 0
028 C040800 38
028 D010800 878
028 D020800 0
028 D030800 0
028 D040800 127
028 E010800 426
028 E020800 0
028 E030800 0
028 E040800 62
028 F010800 272
028 F020800 0
028 F030800 0
028 F040800 24
028 G010800 2478
028 G020800 0
028 G030800 0
028 G040800 319
028 H000800 0
034 000800 Y
035 000800 1
036 A000800 N
036 B000800 0
062 A000800 N
062 B000800 0.0
062 C000800 0.0
062 D000800 0.0
062 E000800 0.0
062 F000800 0.0
062 G000800 0.0
062 H000800 0.0
062 I000800 0.0
062 J000800 0.0
062 K000800 0.0
062 L000800 0.0
062 M000800 0.0
062 N000800 0.0
062 O000800 0.0
062 P000800 0.0
062 Q000800 0.0
062 R000800 0.0
066 A000800 Y
<PAGE> PAGE 15
066 G000800 Y
071 A000800 2256
071 B000800 72
071 C000800 6500
071 D000800 1
072 A000800 6
072 B000800 11
072 C000800 18
072 D000800 0
072 E000800 0
072 F000800 24
072 G000800 0
072 H000800 0
072 I000800 9
072 J000800 2
072 K000800 0
072 L000800 1
072 M000800 1
072 N000800 5
072 O000800 0
072 P000800 0
072 Q000800 0
072 R000800 1
072 S000800 6
072 T000800 0
072 U000800 0
072 V000800 0
072 W000800 2
072 X000800 51
072 Y000800 7
072 Z000800 -15
072AA000800 100
072BB000800 0
072CC010800 912
072CC020800 0
072DD010800 0
072DD020800 0
072EE000800 0
073 A010800 0.0000
073 A020800 0.0000
073 B000800 0.0000
073 C000800 0.0000
074 A000800 727
074 B000800 0
074 C000800 0
074 D000800 0
074 E000800 0
074 F000800 2233
074 G000800 0
074 H000800 0
074 I000800 5804
<PAGE> PAGE 16
074 J000800 0
074 K000800 0
074 L000800 0
074 M000800 15
074 N000800 8779
074 O000800 0
074 P000800 0
074 Q000800 0
074 R010800 0
074 R020800 0
074 R030800 0
074 R040800 11
074 S000800 0
074 T000800 8768
074 U010800 601
074 U020800 0
074 V010800 14.60
074 V020800 0.00
074 W000800 0.0000
074 X000800 403
074 Y000800 0
075 A000800 0
075 B000800 7034
076 000800 0.00
SIGNATURE CHARLES FOSTER
TITLE CFO
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000764859
<NAME> AMERICAN PENSION INVESTORS TRUST
<SERIES>
<NUMBER> 01
<NAME> APIT GROWTH FUND
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> MAY-31-2000
<PERIOD-START> JUN-01-1999
<PERIOD-END> NOV-30-1999
<INVESTMENTS-AT-COST> 56,897,170
<INVESTMENTS-AT-VALUE> 74,968,025
<RECEIVABLES> 0
<ASSETS-OTHER> 229,738
<OTHER-ITEMS-ASSETS> 4,494,590
<TOTAL-ASSETS> 79,692,353
<PAYABLE-FOR-SECURITIES> 3,496,750
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 219,721
<TOTAL-LIABILITIES> 3,716,471
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 54,298,141
<SHARES-COMMON-STOCK> 5,256,973
<SHARES-COMMON-PRIOR> 0
<ACCUMULATED-NII-CURRENT> (721,373)
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 4,328,259
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 18,070,855
<NET-ASSETS> 75,975,882
<DIVIDEND-INCOME> 134,794
<INTEREST-INCOME> 17,813
<OTHER-INCOME> 0
<EXPENSES-NET> 873,980
<NET-INVESTMENT-INCOME> (721,373)
<REALIZED-GAINS-CURRENT> 4,677,881
<APPREC-INCREASE-CURRENT> 5,433,948
<NET-CHANGE-FROM-OPS> 9,390,456
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> 7,298,410
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 196,358
<NUMBER-OF-SHARES-REDEEMED> 522,830
<SHARES-REINVESTED> 556,133
<NET-CHANGE-IN-ASSETS> 4,211,737
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 361,666
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 932,947
<AVERAGE-NET-ASSETS> 72,286,187
<PER-SHARE-NAV-BEGIN> 14.19
<PER-SHARE-NII> (.14)
<PER-SHARE-GAIN-APPREC> 1.92
<PER-SHARE-DIVIDEND> 0
<PER-SHARE-DISTRIBUTIONS> 1.52
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 14.45
<EXPENSE-RATIO> 2.42
[AVG-DEBT-OUTSTANDING] 0
[AVG-DEBT-PER-SHARE] 0
</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000764859
<NAME> AMERICAN PENSION INVESTORS TRUST
<SERIES>
<NUMBER> 03
<NAME> APIT CAPITAL INCOME FUND
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> MAY-31-2000
<PERIOD-START> JUN-01-1999
<PERIOD-END> MAY-31-2000
<INVESTMENTS-AT-COST> 11,825,641
<INVESTMENTS-AT-VALUE> 14,228,618
<RECEIVABLES> 0
<ASSETS-OTHER> 38,119
<OTHER-ITEMS-ASSETS> 1,567,358
<TOTAL-ASSETS> 15,834,095
<PAYABLE-FOR-SECURITIES> 1,200,000
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 33,673
<TOTAL-LIABILITIES> 1,233,724
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 11,581,139
<SHARES-COMMON-STOCK> 632,269
<SHARES-COMMON-PRIOR> 0
<ACCUMULATED-NII-CURRENT> 120,320
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 495,935
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 2,402,977
<NET-ASSETS> 14,600,371
<DIVIDEND-INCOME> 99,642
<INTEREST-INCOME> 8,472
<OTHER-INCOME> 0
<EXPENSES-NET> 87,930
<NET-INVESTMENT-INCOME> 20,184
<REALIZED-GAINS-CURRENT> 496,023
<APPREC-INCREASE-CURRENT> 606,410
<NET-CHANGE-FROM-OPS> 1,122,617
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> 995,376
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 64,445
<NUMBER-OF-SHARES-REDEEMED> 75,971
<SHARES-REINVESTED> 43,539
<NET-CHANGE-IN-ASSETS> 777,203
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 42,654
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 130,584
<AVERAGE-NET-ASSETS> 14,174,195
<PER-SHARE-NAV-BEGIN> 23.03
<PER-SHARE-NII> .02
<PER-SHARE-GAIN-APPREC> 1.70
<PER-SHARE-DIVIDEND> 0
<PER-SHARE-DISTRIBUTIONS> 1.66
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 23.09
<EXPENSE-RATIO> 1.24
[AVG-DEBT-OUTSTANDING] 0
[AVG-DEBT-PER-SHARE] 0
</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000764859
<NAME> AMERICAN PENSION INVESTORS TRUST
<SERIES>
<NUMBER> 06
<NAME> APIT YORKTOWN CLASSIC VALUE TRUST
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> MAY-31-2000
<PERIOD-START> JUN-01-1999
<PERIOD-END> NOV-30-1999
<INVESTMENTS-AT-COST> 17,353,451
<INVESTMENTS-AT-VALUE> 21,900,726
<RECEIVABLES> 0
<ASSETS-OTHER> 23,328
<OTHER-ITEMS-ASSETS> 2,885
<TOTAL-ASSETS> 21,926,939
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 3,513,332
<TOTAL-LIABILITIES> 3,513,332
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 14,396,518
<SHARES-COMMON-STOCK> 1,230,511
<SHARES-COMMON-PRIOR> 0
<ACCUMULATED-NII-CURRENT> (211,581)
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (318,605)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 4,547,275
<NET-ASSETS> 18,413,607
<DIVIDEND-INCOME> 116,050
<INTEREST-INCOME> 2,419
<OTHER-INCOME> 0
<EXPENSES-NET> 330,050
<NET-INVESTMENT-INCOME> (211,581)
<REALIZED-GAINS-CURRENT> (278,481)
<APPREC-INCREASE-CURRENT> 291,521
<NET-CHANGE-FROM-OPS> (198,541)
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> 1,433,403
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 620,479
<NUMBER-OF-SHARES-REDEEMED> 457,430
<SHARES-REINVESTED> 98,905
<NET-CHANGE-IN-ASSETS> 2,826,733
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 76,950
<INTEREST-EXPENSE> 132,625
<GROSS-EXPENSE> 330,050
<AVERAGE-NET-ASSETS> 17,055,490
<PER-SHARE-NAV-BEGIN> 16.09
<PER-SHARE-NII> (.17)
<PER-SHARE-GAIN-APPREC> .32
<PER-SHARE-DIVIDEND> 0
<PER-SHARE-DISTRIBUTIONS> 1.28
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 14.96
<EXPENSE-RATIO> 3.87
[AVG-DEBT-OUTSTANDING] 3,943,161
[AVG-DEBT-PER-SHARE] 3.58
</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000764859
<NAME> AMERICAN PENSION INVESTMENT TRUST
<SERIES>
<NUMBER> 07
<NAME> APIT TREASURIES TRUST
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> MAY-31-2000
<PERIOD-START> JUN-01-1999
<PERIOD-END> NOV-30-1999
<INVESTMENTS-AT-COST> 4,945,426
<INVESTMENTS-AT-VALUE> 4,915,755
<RECEIVABLES> 0
<ASSETS-OTHER> 11,672
<OTHER-ITEMS-ASSETS> 295,827
<TOTAL-ASSETS> 5,223,254
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 11,229
<TOTAL-LIABILITIES> 11,229
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 5,463,405
<SHARES-COMMON-STOCK> 510,622
<SHARES-COMMON-PRIOR> 0
<ACCUMULATED-NII-CURRENT> 122,275
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (343,984)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> (29,671)
<NET-ASSETS> 5,212,025
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 175,781
<OTHER-INCOME> 0
<EXPENSES-NET> 21,760
<NET-INVESTMENT-INCOME> 154,021
<REALIZED-GAINS-CURRENT> (403,535)
<APPREC-INCREASE-CURRENT> 162,165
<NET-CHANGE-FROM-OPS> (87,349)
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 93,858
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 135,811
<NUMBER-OF-SHARES-REDEEMED> 346,403
<SHARES-REINVESTED> 8,704
<NET-CHANGE-IN-ASSETS> (2,292,091)
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 10,023
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 38,421
<AVERAGE-NET-ASSETS> 5,250,008
<PER-SHARE-NAV-BEGIN> 10.53
<PER-SHARE-NII> .35
<PER-SHARE-GAIN-APPREC> (.47)
<PER-SHARE-DIVIDEND> .20
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 10.21
<EXPENSE-RATIO> 0
[AVG-DEBT-OUTSTANDING] 0
[AVG-DEBT-PER-SHARE] 0
</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000764859
<NAME> AMERICAN PENSION INVESTMENT TRUST
<SERIES>
<NUMBER> 08
<NAME> APIT MULTIPLE INDEX TRUST
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> MAY-31-2000
<PERIOD-START> JUN-01-1999
<PERIOD-END> NOV-30-1999
<INVESTMENTS-AT-COST> 6,347,817
<INVESTMENTS-AT-VALUE> 8,037,348
<RECEIVABLES> 0
<ASSETS-OTHER> 15,142
<OTHER-ITEMS-ASSETS> 726,565
<TOTAL-ASSETS> 8,779,055
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 10,603
<TOTAL-LIABILITIES> 10,603
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 6,948,473
<SHARES-COMMON-STOCK> 600,598
<SHARES-COMMON-PRIOR> 0
<ACCUMULATED-NII-CURRENT> (184)
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 130,632
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 1,689,531
<NET-ASSETS> 8,768,452
<DIVIDEND-INCOME> 17,885
<INTEREST-INCOME> 11,155
<OTHER-INCOME> 0
<EXPENSES-NET> 43,798
<NET-INVESTMENT-INCOME> (14,758)
<REALIZED-GAINS-CURRENT> 99,928
<APPREC-INCREASE-CURRENT> 912,159
<NET-CHANGE-FROM-OPS> 997,329
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 182,316
<NUMBER-OF-SHARES-REDEEMED> 23,770
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> 3,156,136
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 24,286
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 50,593
<AVERAGE-NET-ASSETS> 7,034,172
<PER-SHARE-NAV-BEGIN> 12.70
<PER-SHARE-NII> (.03)
<PER-SHARE-GAIN-APPREC> 1.93
<PER-SHARE-DIVIDEND> 0
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 14.60
<EXPENSE-RATIO> 1.25
[AVG-DEBT-OUTSTANDING] 0
[AVG-DEBT-PER-SHARE] 0
</TABLE>