BENHAM GOVERNMENT INCOME TRUST
NSAR-A, 1995-11-30
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<PAGE>      PAGE  1
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SIGNATURE   ANN MCCOID                                   
TITLE       CONTROLLER          
 


<TABLE> <S> <C>

<ARTICLE> 6
<SERIES>
   <NUMBER> 3
   <NAME> BENHAM GOVERNMENT AGENCY FUND
       
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<PAYABLE-FOR-SECURITIES>                             0
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                      4614072
<TOTAL-LIABILITIES>                            4614072
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                             0
<SHARES-COMMON-STOCK>                        490623906
<SHARES-COMMON-PRIOR>                        461802827
<ACCUMULATED-NII-CURRENT>                            0
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                              0
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                             0
<NET-ASSETS>                                 490623906
<DIVIDEND-INCOME>                                    0
<INTEREST-INCOME>                             14180680
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                 1200778
<NET-INVESTMENT-INCOME>                       12979902
<REALIZED-GAINS-CURRENT>                             0
<APPREC-INCREASE-CURRENT>                            0
<NET-CHANGE-FROM-OPS>                                0
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                     12979902
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                      261805968
<NUMBER-OF-SHARES-REDEEMED>                  245507396
<SHARES-REINVESTED>                           12522507
<NET-CHANGE-IN-ASSETS>                        28821079
<ACCUMULATED-NII-PRIOR>                              0
<ACCUMULATED-GAINS-PRIOR>                            0
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                           671689
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                1353883
<AVERAGE-NET-ASSETS>                         478998710
<PER-SHARE-NAV-BEGIN>                             1.00
<PER-SHARE-NII>                                   .027
<PER-SHARE-GAIN-APPREC>                              0
<PER-SHARE-DIVIDEND>                                 0
<PER-SHARE-DISTRIBUTIONS>                         .027
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                               1.00
<EXPENSE-RATIO>                                    .50
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        

</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<SERIES>
   <NUMBER> 4
   <NAME> BGIT - BENHAM ADUSTABLE RATE GOVERNMENT SECURITIES FUND
       
<S>                             <C>
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          MAR-31-1996
<PERIOD-END>                               SEP-30-1995
<INVESTMENTS-AT-COST>                        336598985
<INVESTMENTS-AT-VALUE>                       336515394
<RECEIVABLES>                                  3973452
<ASSETS-OTHER>                                  525392
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                               341014238
<PAYABLE-FOR-SECURITIES>                       2796564
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                       247975
<TOTAL-LIABILITIES>                            3044539
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                     407562696
<SHARES-COMMON-STOCK>                         35614259
<SHARES-COMMON-PRIOR>                         42195686
<ACCUMULATED-NII-CURRENT>                        10973
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                     (69520379)
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                       (83591)
<NET-ASSETS>                                 337969699
<DIVIDEND-INCOME>                                    0
<INTEREST-INCOME>                             11576402
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                 1098502
<NET-INVESTMENT-INCOME>                       10477900
<REALIZED-GAINS-CURRENT>                      (808781)
<APPREC-INCREASE-CURRENT>                      3658862
<NET-CHANGE-FROM-OPS>                         13327981
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                     10431046
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                       28741045
<NUMBER-OF-SHARES-REDEEMED>                   99721654
<SHARES-REINVESTED>                            8662691
<NET-CHANGE-IN-ASSETS>                      (59420983)
<ACCUMULATED-NII-PRIOR>                              0
<ACCUMULATED-GAINS-PRIOR>                   (68711597)
<OVERDISTRIB-NII-PRIOR>                          35877
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                           512755
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                1119453
<AVERAGE-NET-ASSETS>                         365634828
<PER-SHARE-NAV-BEGIN>                             9.42
<PER-SHARE-NII>                                    .27
<PER-SHARE-GAIN-APPREC>                            .07
<PER-SHARE-DIVIDEND>                                 0
<PER-SHARE-DISTRIBUTIONS>                          .27
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                               9.49
<EXPENSE-RATIO>                                    .62
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        

</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<SERIES>
   <NUMBER> 1
   <NAME> BENHAM GOVERNMENT INCOME TRUST - BENHAM GNMA INCOME FUND
       
<S>                             <C>
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          MAR-31-1996
<PERIOD-END>                               SEP-30-1995
<INVESTMENTS-AT-COST>                       1081889390
<INVESTMENTS-AT-VALUE>                      1098801148
<RECEIVABLES>                                 27910355
<ASSETS-OTHER>                                   28777
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                              1126740280
<PAYABLE-FOR-SECURITIES>                      55212260
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                      2267093
<TOTAL-LIABILITIES>                           57479353
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                    1080308271
<SHARES-COMMON-STOCK>                        101399959
<SHARES-COMMON-PRIOR>                         96187494
<ACCUMULATED-NII-CURRENT>                       111018
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                     (28070120)
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                      16911758
<NET-ASSETS>                                1069260927
<DIVIDEND-INCOME>                                    0
<INTEREST-INCOME>                             39843684
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                 2851758
<NET-INVESTMENT-INCOME>                       36991926
<REALIZED-GAINS-CURRENT>                       3865813
<APPREC-INCREASE-CURRENT>                     31009387
<NET-CHANGE-FROM-OPS>                         71867126
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                     36936688
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                      154372053
<NUMBER-OF-SHARES-REDEEMED>                  128185355
<SHARES-REINVESTED>                           28474256
<NET-CHANGE-IN-ASSETS>                        89591392
<ACCUMULATED-NII-PRIOR>                          55780
<ACCUMULATED-GAINS-PRIOR>                   (31936032)
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                          1435382
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                2922883
<AVERAGE-NET-ASSETS>                        1023612990
<PER-SHARE-NAV-BEGIN>                            10.18
<PER-SHARE-NII>                                    .38
<PER-SHARE-GAIN-APPREC>                            .36
<PER-SHARE-DIVIDEND>                               .38
<PER-SHARE-DISTRIBUTIONS>                            0
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              10.54
<EXPENSE-RATIO>                                    .57
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        

</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<SERIES>
   <NUMBER> 2
   <NAME> BENHAM GOVERNMENT INCOME TRUST - BENHAM TREASURY NOTE FUND
       
<S>                             <C>
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          MAR-31-1996
<PERIOD-END>                               SEP-30-1995
<INVESTMENTS-AT-COST>                        298560996
<INVESTMENTS-AT-VALUE>                       304340348
<RECEIVABLES>                                  5023622
<ASSETS-OTHER>                                  485802
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                               309849772
<PAYABLE-FOR-SECURITIES>                             0
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                       435521
<TOTAL-LIABILITIES>                             435521
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                     315429329
<SHARES-COMMON-STOCK>                         30084698
<SHARES-COMMON-PRIOR>                         30557030
<ACCUMULATED-NII-CURRENT>                            0
<OVERDISTRIBUTION-NII>                            1063
<ACCUMULATED-NET-GAINS>                     (11793367)
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                       5779352
<NET-ASSETS>                                 309414251
<DIVIDEND-INCOME>                                    0
<INTEREST-INCOME>                              9803806
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                  806601
<NET-INVESTMENT-INCOME>                        8997205
<REALIZED-GAINS-CURRENT>                       1831583
<APPREC-INCREASE-CURRENT>                      7038899
<NET-CHANGE-FROM-OPS>                         17867687
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                      8999579
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                       40844370
<NUMBER-OF-SHARES-REDEEMED>                   53101097
<SHARES-REINVESTED>                            7450171
<NET-CHANGE-IN-ASSETS>                         4061552
<ACCUMULATED-NII-PRIOR>                           1311
<ACCUMULATED-GAINS-PRIOR>                   (13624951)
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                           434319
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                 823199
<AVERAGE-NET-ASSETS>                         309720339
<PER-SHARE-NAV-BEGIN>                             9.99
<PER-SHARE-NII>                                    .30
<PER-SHARE-GAIN-APPREC>                            .29
<PER-SHARE-DIVIDEND>                               .30
<PER-SHARE-DISTRIBUTIONS>                            0
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              10.28
<EXPENSE-RATIO>                                    .53
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        

</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<SERIES>
   <NUMBER> 5
   <NAME> BGIT - BENHAM SHORT TERM TREASURY & AGENCY FUND
       
<S>                             <C>
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          MAR-31-1996
<PERIOD-END>                               SEP-30-1995
<INVESTMENTS-AT-COST>                         34804084
<INVESTMENTS-AT-VALUE>                        35029918
<RECEIVABLES>                                   852819
<ASSETS-OTHER>                                   11361
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                                35894098
<PAYABLE-FOR-SECURITIES>                             0
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                       248956
<TOTAL-LIABILITIES>                             248956
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                      35443687
<SHARES-COMMON-STOCK>                          3616152
<SHARES-COMMON-PRIOR>                          5765221
<ACCUMULATED-NII-CURRENT>                            0
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                        (24379)
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                        225834
<NET-ASSETS>                                  35645142
<DIVIDEND-INCOME>                                    0
<INTEREST-INCOME>                              1455261
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                  150636
<NET-INVESTMENT-INCOME>                        1304625
<REALIZED-GAINS-CURRENT>                        510124
<APPREC-INCREASE-CURRENT>                       312497
<NET-CHANGE-FROM-OPS>                          2127246
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                      1304625
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                       15024600
<NUMBER-OF-SHARES-REDEEMED>                   37375507
<SHARES-REINVESTED>                            1083232
<NET-CHANGE-IN-ASSETS>                      (20445054)
<ACCUMULATED-NII-PRIOR>                              0
<ACCUMULATED-GAINS-PRIOR>                     (534503)
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                            64417
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                 159013
<AVERAGE-NET-ASSETS>                          45929970
<PER-SHARE-NAV-BEGIN>                             9.73
<PER-SHARE-NII>                                    .28
<PER-SHARE-GAIN-APPREC>                            .13
<PER-SHARE-DIVIDEND>                                 0
<PER-SHARE-DISTRIBUTIONS>                          .28
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                               9.86
<EXPENSE-RATIO>                                    .68
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        

</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<SERIES>
   <NUMBER> 6
   <NAME> BGIT - BENHAM LONG TERM TREASURY & AGENCY FUND
       
<S>                             <C>
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          MAR-31-1996
<PERIOD-END>                               SEP-30-1995
<INVESTMENTS-AT-COST>                         72032331
<INVESTMENTS-AT-VALUE>                        76119300
<RECEIVABLES>                                  1666097
<ASSETS-OTHER>                                 4566306
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                                82351703
<PAYABLE-FOR-SECURITIES>                       2887188
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                        99269
<TOTAL-LIABILITIES>                            2986457
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                      77224831
<SHARES-COMMON-STOCK>                          8014232
<SHARES-COMMON-PRIOR>                          3856904
<ACCUMULATED-NII-CURRENT>                            0
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                      (1946554)
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                       4086969
<NET-ASSETS>                                  79365246
<DIVIDEND-INCOME>                                    0
<INTEREST-INCOME>                              1552198
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                  142618
<NET-INVESTMENT-INCOME>                        1409580
<REALIZED-GAINS-CURRENT>                        616928
<APPREC-INCREASE-CURRENT>                      3402998
<NET-CHANGE-FROM-OPS>                          5429506
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                      1409580
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                       59536593
<NUMBER-OF-SHARES-REDEEMED>                   20259262
<SHARES-REINVESTED>                            1162466
<NET-CHANGE-IN-ASSETS>                        44459723
<ACCUMULATED-NII-PRIOR>                              0
<ACCUMULATED-GAINS-PRIOR>                    (2563482)
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                            61091
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                 169563
<AVERAGE-NET-ASSETS>                          43574264
<PER-SHARE-NAV-BEGIN>                             9.05
<PER-SHARE-NII>                                    .31
<PER-SHARE-GAIN-APPREC>                            .85
<PER-SHARE-DIVIDEND>                               .31
<PER-SHARE-DISTRIBUTIONS>                            0
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                               9.90
<EXPENSE-RATIO>                                    .68
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        

</TABLE>


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