INVESTORS TRUST /WA/
NSAR-A, 1996-06-27
Previous: FOODMAKER INC /DE/, 11-K, 1996-06-27
Next: WARBURG PINCUS NEW YORK INTERMEDIATE MUNICIPAL FUND, NSAR-A, 1996-06-27



<PAGE>      PAGE  1
000 B000000 04/30/96
000 C000000 0000808245
000 D000000 N
000 E000000 F
000 F000000 Y
000 G000000 N
000 H000000 N
000 I000000 3.0.a
000 J000000 A
001 A000000 INVESTORS TRUST
001 B000000 811-4945
001 C000000 2066251755
002 A000000 SUITE 5600 TWO UNION SQUARE 002 B000000 SEATTLE
002 C000000 WA
002 D010000 98101
002 D020000 2336
003  000000 N
004  000000 N
005  000000 N
006  000000 N
007 A000000 Y
007 B000000  5
007 C010100  1
007 C020100 GOVERNMENT FUND
007 C030100 N
007 C010200  2
007 C020200 ADJUSTABLE RATE FUND
007 C030200 N
007 C010300  3
007 C020300 GROWTH FUND
007 C030300 N
007 C010400  4
007 C020400 VALUE FUND
007 C030400 N
007 C010500  5
007 C020500 TAX FREE FUND
007 C030500 N
007 C010600  6
007 C010700  7
007 C010800  8
007 C010900  9
007 C011000 10
011 A00AA01 GNA DISTRIBUTORS, INC.
011 B00AA01 8-46211
011 C01AA01 SEATTLE
011 C02AA01 WA
011 C03AA01 98101
011 C04AA01 2336
012 A00AA01 NATIONAL DATA SERVICES
012 B00AA01 84-1078
<PAGE>      PAGE  2
012 C01AA01 KANSAS CITY
012 C02AA01 MO
012 C03AA01 64196
012 C04AA01 6070
013 A00AA01 COOPER & LYBRAND L.L.P
013 B01AA01 BOSTON
013 B02AA01 MA
013 B03AA01 02109
014 A00AA01 GNA SECURITIES, INC.
014 B00AA01 8-22614
014 A00AA02 GNA DISTRIBUTORS, INC.
014 B00AA02 8-46211
014 A00AA03 GECC CAPITAL MARKETS GROUP, INC. 014 B00AA03 8-29149
014 A00AA04 KIDDER PEABODY & CO., INC.
014 B00AA04 8-04831
014 A00AA05 PAINE WEBBER
014 B00AA05 8-29468
014 A00AA06 GE INVESTMENT SERVICES
014 B00AA06 8-45710
014 A00AA07 MITCHELL HUTCHINS
014 B00AA07 8-21901
015 A00AA01 STATE STREET BANK AND TRUST COMPANY 015 B00AA01 C
015 C01AA01 BOSTON
015 C02AA01 MA
015 C03AA01 02103
015 E01AA01 X
018  00AA00 Y
019 A00AA00 Y
019 B00AA00    9
019 C00AA00 INVTRSTGNA
020 A000001 SMITH BARNEY INC
020 B000001 13-1912900
020 C000001     24
020 A000002 FAGENSON & CO
020 B000002 13-1939961
020 C000002      4
020 A000003 MCDONALD & CO
020 C000003      4
020 A000004 PRUDENTIAL BACHE
020 B000004 22-2347336
020 C000004      3
020 A000005 LEHMAN BROS
020 B000005 13-2518466
020 C000005      3
020 A000006 CORRESPONDENT SERVICES, INC. <PAGE>      PAGE  3
020 B000006 13-2638166
020 C000006      2
020 A000007 LEWCO SECS & CO
020 C000007      2
020 A000008 RAUSCHER PIERCE INC.
020 C000008      2
020 A000009 LEGG MASON WOOD WALKER INC. 020 C000009    2
020 A000010 MESIROW CAPITAL INC
020 C000010      2
021  000000       57
022 A000001 NIKKO SECURITIES INTERNATIONAL 022 B000001 94-
1302123
022 C000001   1614424
022 D000001         0
022 A000002 LEHMAN
022 B000002 13-2926611
022 C000002   1571448
022 D000002         0
022 A000003 AUBRAY LANGSTON & CO INC. 022 C000003   1502409
022 D000003         0
022 A000004 SALOMON BROS
022 B000004 13-3082694
022 C000004    925989
022 D000004         0
022 A000005 MERRILL LYNCH PIERCE FENNER & SMITH 022 B000005 13-
5674085
022 C000005    261681
022 D000005         0
022 A000006 FUJI SECURITIES
022 B000006 36-2880742
022 C000006    247555
022 D000006         0
022 A000007 MORGAN STANLEY & CO. INC.
022 B000007 13-2655998
022 C000007    236060
022 D000007         0
022 A000008 GREENWICH CAPITAL MARKETS
022 B000008 13-3172275
022 C000008    210404
022 D000008         0
022 A000009 YAMAICHI INTL
022 B000009 13-5659656
022 C000009     83818
022 D000009         0
022 A000010 SANWA BANK
022 B000010 13-3046258
022 C000010     72049
022 D000010         0
023 C000000    7427421
<PAGE>      PAGE  4
023 D000000          0
024  00AA00 N
025 D00AA01       0
025 D00AA02       0
025 D00AA03       0
025 D00AA04       0
025 D00AA05       0
025 D00AA06       0
025 D00AA07       0
025 D00AA08       0
026 A000000 N
026 B000000 Y
026 C000000 Y
026 D000000 Y
026 E000000 N
026 F000000 N
026 G010000 N
026 G020000 N
026 H000000 N
027  000000 Y
054 A00AA00 Y
054 B00AA00 Y
054 C00AA00 Y
054 D00AA00 N
054 E00AA00 N
054 F00AA00 N
054 G00AA00 Y
054 H00AA00 N
054 I00AA00 Y
054 J00AA00 Y
054 K00AA00 N
054 L00AA00 N
054 M00AA00 Y
054 N00AA00 N
054 O00AA00 N
055 A00AA00 N
055 B00AA00 N
056  00AA00 N
057  00AA00 N
058 A00AA00 N
059  00AA00 Y
060 A00AA00 Y
060 B00AA00 Y
061  00AA00      500
077 A000000 Y
077 B000000 N
077 C000000 N
077 D000000 N
077 E000000 N
077 F000000 N
077 G000000 N
<PAGE>      PAGE  5
077 H000000 N
077 I000000 N
077 J000000 N
077 K000000 N
077 L000000 N
077 M000000 N
077 N000000 N
077 O000000 N
077 P000000 N
077 Q010000 N
077 Q020000 N
077 Q030000 N
078  000000 N
080 A00AA00 UNITED PACIFIC INSURANCE 080 C00AA00     1700
081 A00AA00 Y
081 B00AA00   7
082 A00AA00 N
082 B00AA00        0
083 A00AA00 N
083 B00AA00        0
084 A00AA00 N
084 B00AA00        0
085 A00AA00 Y
085 B00AA00 N
086 A010000      0
086 A020000      0
086 B010000      0
086 B020000      0
086 C010000      0
086 C020000      0
086 D010000      0
086 D020000      0
086 E010000      0
086 E020000      0
086 F010000      0
086 F020000      0
008 A000101 GNA CAPITAL MANAGEMENT, INC. 008 B000101 A
008 C000101 801-29116
008 D010101 SEATTLE
008 D020101 WA
008 D030101 98101
008 D040101 2336
008 A000102 BLACKROCK FINANCIAL MANAGEMENT, INC. 008 B000102 S
008 C000102 801-48433
008 D010102 NEW YORK
008 D020102 NY
008 D030102 10154
028 A010100      2588
<PAGE>      PAGE  6
028 A020100      3365
028 A030100         0
028 A040100     27749
028 B010100      1055
028 B020100      3254
028 B030100         0
028 B040100     35241
028 C010100      1369
028 C020100      3102
028 C030100         0
028 C040100     28981
028 D010100      2177
028 D020100      3189
028 D030100         0
028 D040100     26953
028 E010100      2144
028 E020100      3036
028 E030100         0
028 E040100     29273
028 F010100      2237
028 F020100      2528
028 F030100         0
028 F040100     39891
028 G010100     11570
028 G020100     18474
028 G030100         0
028 G040100    188088
028 H000100         0
029  000100 Y
030 A000100      0
030 B000100  4.50
030 C000100  0.00
031 A000100      0
031 B000100      0
032  000100      0
033  000100      0
034  000100 Y
035  000100   7380
036 A000100 N
036 B000100      0
037  000100 N
038  000100      0
039  000100 N
040  000100 Y
041  000100 Y
042 A000100   0
042 B000100   0
042 C000100 100
042 D000100   0
042 E000100   0
042 F000100   0
<PAGE>      PAGE  7
042 G000100   0
042 H000100   0
043  000100   3865
044  000100      0
045  000100 Y
046  000100 N
047  000100 Y
048  000100  0.000
048 A010100   500000
048 A020100 0.650
048 B010100   250000
048 B020100 0.600
048 C010100   500000
048 C020100 0.550
048 D010100   250000
048 D020100 0.500
048 E010100        0
048 E020100 0.000
048 F010100        0
048 F020100 0.000
048 G010100        0
048 G020100 0.000
048 H010100        0
048 H020100 0.000
048 I010100        0
048 I020100 0.000
048 J010100        0
048 J020100 0.000
048 K010100  1500000
048 K020100 0.450
049  000100 N
050  000100 N
051  000100 N
052  000100 N
053 A000100 N
062 A000100 Y
062 B000100   0.0
062 C000100   2.9
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  10.0
062 N000100  88.9
062 O000100   0.0
062 P000100   0.0
<PAGE>      PAGE  8
062 Q000100   0.0
062 R000100  -1.8
063 A000100   0
063 B000100  2.8
064 A000100 Y
064 B000100 N
066 A000100 N
067  000100 N
068 A000100 N
068 B000100 N
069  000100 N
070 A010100 Y
070 A020100 Y
070 B010100 N
070 B020100 N
070 C010100 Y
070 C020100 N
070 D010100 N
070 D020100 N
070 E010100 Y
070 E020100 N
070 F010100 N
070 F020100 N
070 G010100 Y
070 G020100 Y
070 H010100 N
070 H020100 N
070 I010100 N
070 I020100 N
070 J010100 N
070 J020100 N
070 K010100 Y
070 K020100 N
070 L010100 N
070 L020100 N
070 M010100 N
070 M020100 N
070 N010100 Y
070 N020100 N
070 O010100 Y
070 O020100 Y
070 P010100 N
070 P020100 Y
070 Q010100 Y
070 Q020100 N
070 R010100 Y
070 R020100 N
071 A000100   2271850
071 B000100   2471938
071 C000100   1063710
071 D000100  214
<PAGE>      PAGE  9
072 A000100  6
072 B000100    38677
072 C000100        0
072 D000100        0
072 E000100        0
072 F000100     3216
072 G000100        0
072 H000100        0
072 I000100      496
072 J000100      130
072 K000100        0
072 L000100        5
072 M000100        9
072 N000100       10
072 O000100        0
072 P000100        0
072 Q000100        0
072 R000100       28
072 S000100        0
072 T000100     5187
072 U000100        0
072 V000100        0
072 W000100      239
072 X000100     9320
072 Y000100        0
072 Z000100     9330
072AA000100    12519
072BB000100     1607
072CC010100        0
072CC020100    39526
072DD010100     1004
072DD020100    35173
072EE000100        0
073 A010100   0.3260
073 A020100   0.2941
073 B000100   0.0000
073 C000100   0.0000
074 A000100       28
074 B000100        0
074 C000100    27200
074 D000100   935445
074 E000100        0
074 F000100        0
074 G000100        0
074 H000100        0
074 I000100        0
074 J000100       13
074 K000100       44
074 L000100     7885
074 M000100       18
074 N000100   970633
<PAGE>      PAGE  10
074 O000100    17713
074 P000100      486
074 Q000100        0
074 R010100        0
074 R020100        0
074 R030100        0
074 R040100     6770
074 S000100        0
074 T000100   945664
074 U010100     3080
074 U020100   109441
074 V010100  8400.00
074 V020100  8400.00
074 W000100   0.0000
074 X000100    44652
074 Y000100        0
075 A000100        0
075 B000100  1062076
076  000100     0.00
008 A000201 GNA CAPITAL MANAGEMENT INC. 008 B000201 A
008 C000201 801-29116
008 D010201 SEATTLE
008 D020201 WA
008 D030201 98101
008 D040201 2336
008 A000202 STANDISH, AYER & WOOD, INC. 008 B000202 S
008 C000202 801-584
008 D010202 BOSTON
008 D020202 MA
008 D030202 02111
028 A010200         2
028 A020200        28
028 A030200         0
028 A040200        20
028 B010200       166
028 B020200        28
028 B030200         0
028 B040200        72
028 C010200        28
028 C020200        32
028 C030200         0
028 C040200       107
028 D010200         0
028 D020200        31
028 D030200         0
028 D040200         6
028 E010200         2
028 E020200        29
028 E030200         0
<PAGE>      PAGE  11
028 E040200       102
028 F010200        32
028 F020200        31
028 F030200         0
028 F040200        52
028 G010200       230
028 G020200       179
028 G030200         0
028 G040200       359
028 H000200         0
029  000200 Y
030 A000200      1
030 B000200  4.50
030 C000200  0.00
031 A000200      0
031 B000200      0
032  000200      0
033  000200      1
034  000200 Y
035  000200     12
036 A000200 N
036 B000200      0
037  000200 N
038  000200      0
039  000200 N
040  000200 Y
041  000200 Y
042 A000200   0
042 B000200   0
042 C000200 100
042 D000200   0
042 E000200   0
042 F000200   0
042 G000200   0
042 H000200   0
043  000200      7
044  000200      0
045  000200 Y
046  000200 N
047  000200 Y
048  000200  0.400
048 A010200        0
048 A020200 0.000
048 B010200        0
048 B020200 0.000
048 C010200        0
048 C020200 0.000
048 D010200        0
048 D020200 0.000
048 E010200        0
048 E020200 0.000
<PAGE>      PAGE  12
048 F010200        0
048 F020200 0.000
048 G010200        0
048 G020200 0.000
048 H010200        0
048 H020200 0.000
048 I010200        0
048 I020200 0.000
048 J010200        0
048 J020200 0.000
048 K010200        0
048 K020200 0.000
049  000200 N
050  000200 N
051  000200 N
052  000200 N
053 A000200 Y
053 B000200 Y
062 A000200 Y
062 B000200   0.0
062 C000200   0.0
062 D000200   0.0
062 E000200   0.0
062 F000200   0.0
062 G000200   0.0
062 H000200   0.0
062 I000200   0.0
062 J000200   0.0
062 K000200   0.0
062 L000200   3.7
062 M000200   0.7
062 N000200  84.9
062 O000200   0.0
062 P000200   0.7
062 Q000200  12.7
062 R000200  -2.7
063 A000200   0
063 B000200  2.8
064 A000200 Y
064 B000200 N
066 A000200 N
067  000200 N
068 A000200 N
068 B000200 N
069  000200 N
070 A010200 Y
070 A020200 N
070 B010200 N
070 B020200 N
070 C010200 Y
070 C020200 N
<PAGE>      PAGE  13
070 D010200 N
070 D020200 N
070 E010200 Y
070 E020200 N
070 F010200 N
070 F020200 N
070 G010200 Y
070 G020200 N
070 H010200 N
070 H020200 N
070 I010200 N
070 I020200 N
070 J010200 N
070 J020200 N
070 K010200 Y
070 K020200 Y
070 L010200 N
070 L020200 N
070 M010200 N
070 M020200 N
070 N010200 Y
070 N020200 N
070 O010200 Y
070 O020200 N
070 P010200 N
070 P020200 N
070 Q010200 Y
070 Q020200 N
070 R010200 Y
070 R020200 N
071 A000200      3996
071 B000200      3339
071 C000200      7281
071 D000200   46
072 A000200  6
072 B000200      227
072 C000200        0
072 D000200        0
072 E000200        0
072 F000200       15
072 G000200        0
072 H000200        0
072 I000200       34
072 J000200       38
072 K000200        0
072 L000200        0
072 M000200        0
072 N000200       12
072 O000200        0
072 P000200        0
072 Q000200        0
<PAGE>      PAGE  14
072 R000200        7
072 S000200        0
072 T000200       16
072 U000200        6
072 V000200        0
072 W000200        2
072 X000200      129
072 Y000200       87
072 Z000200      185
072AA000200        0
072BB000200       11
072CC010200        0
072CC020200       35
072DD010200      143
072DD020200       42
072EE000200        0
073 A010200   0.1652
073 A020200   0.1414
073 B000200   0.0000
073 C000200   0.0000
074 A000200        0
074 B000200        0
074 C000200      275
074 D000200     7266
074 E000200        0
074 F000200        0
074 G000200        0
074 H000200        0
074 I000200        0
074 J000200        0
074 K000200       15
074 L000200       49
074 M000200       41
074 N000200     7646
074 O000200      212
074 P000200        2
074 Q000200        0
074 R010200        0
074 R020200        0
074 R030200        0
074 R040200       93
074 S000200        0
074 T000200     7339
074 U010200      877
074 U020200      279
074 V010200     6.35
074 V020200     6.35
074 W000200   0.0000
074 X000200       99
074 Y000200        0
075 A000200        0
<PAGE>      PAGE  15
075 B000200     7422
076  000200     0.00
008 A000301 GNA CAPITAL MANAGEMENT, INC. 008 B000301 A
008 C000301 801-29116
008 D010301 SEATTLE
008 D020301 WA
008 D030301 98101
008 D040301 2336
008 A000302 VALUE LINE, INC.
008 B000302 S
008 C000302 801-625
008 D010302 NEW YORK
008 D020302 NY
008 D030302 10017
008 D040302 5891
028 A010300      1436
028 A020300         0
028 A030300         0
028 A040300       305
028 B010300      1449
028 B020300         0
028 B030300         0
028 B040300       457
028 C010300      1118
028 C020300         0
028 C030300         0
028 C040300       369
028 D010300      1239
028 D020300         0
028 D030300         0
028 D040300       290
028 E010300      1684
028 E020300         0
028 E030300         0
028 E040300       513
028 F010300      2025
028 F020300         0
028 F030300         0
028 F040300       400
028 G010300      8951
028 G020300         0
028 G030300         0
028 G040300      2334
028 H000300         0
029  000300 Y
030 A000300      0
030 B000300  4.50
030 C000300  0.00
031 A000300      2
031 B000300      0
<PAGE>      PAGE  16
032  000300      0
033  000300     22
034  000300 Y
035  000300    102
036 A000300 N
036 B000300      0
037  000300 N
038  000300      0
039  000300 N
040  000300 Y
041  000300 Y
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     64
044  000300      0
045  000300 Y
046  000300 N
047  000300 Y
048  000300  0.000
048 A010300   100000
048 A020300 0.800
048 B010300        0
048 B020300 0.000
048 C010300        0
048 C020300 0.000
048 D010300        0
048 D020300 0.000
048 E010300        0
048 E020300 0.000
048 F010300        0
048 F020300 0.000
048 G010300        0
048 G020300 0.000
048 H010300        0
048 H020300 0.000
048 I010300        0
048 I020300 0.000
048 J010300        0
048 J020300 0.000
048 K010300   100000
048 K020300 0.700
049  000300 N
050  000300 N
051  000300 N
052  000300 N
<PAGE>      PAGE  17
053 A000300 Y
053 B000300 Y
062 A000300 N
062 B000300   0.0
062 C000300   0.0
062 D000300   0.0
062 E000300   0.0
062 F000300   0.0
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
063 A000300   0
063 B000300  0.0
064 A000300 N
064 B000300 N
066 A000300 Y
066 B000300 N
066 C000300 N
066 D000300 Y
066 E000300 N
066 F000300 N
066 G000300 N
067  000300 N
068 A000300 N
068 B000300 N
069  000300 N
070 A010300 Y
070 A020300 Y
070 B010300 Y
070 B020300 N
070 C010300 Y
070 C020300 N
070 D010300 Y
070 D020300 N
070 E010300 Y
070 E020300 N
070 F010300 Y
070 F020300 N
070 G010300 Y
070 G020300 N
070 H010300 Y
070 H020300 N
<PAGE>      PAGE  18
070 I010300 N
070 I020300 N
070 J010300 N
070 J020300 N
070 K010300 Y
070 K020300 Y
070 L010300 Y
070 L020300 Y
070 M010300 N
070 M020300 N
070 N010300 Y
070 N020300 N
070 O010300 Y
070 O020300 N
070 P010300 N
070 P020300 N
070 Q010300 Y
070 Q020300 N
070 R010300 Y
070 R020300 N
071 A000300     10330
071 B000300      4766
071 C000300     21311
071 D000300   22
072 A000300  6
072 B000300       79
072 C000300       72
072 D000300        0
072 E000300        0
072 F000300       95
072 G000300        0
072 H000300        0
072 I000300       41
072 J000300       46
072 K000300        0
072 L000300        0
072 M000300        0
072 N000300       12
072 O000300        0
072 P000300        0
072 Q000300        0
072 R000300        5
072 S000300        0
072 T000300       94
072 U000300        6
072 V000300        0
072 W000300        7
072 X000300      307
072 Y000300       82
072 Z000300      -75
072AA000300        0
<PAGE>      PAGE  19
072BB000300       20
072CC010300     2029
072CC020300        0
072DD010300        0
072DD020300        0
072EE000300        0
073 A010300   0.0000
073 A020300   0.0000
073 B000300   0.0000
073 C000300   0.0000
074 A000300        0
074 B000300     1433
074 C000300     2290
074 D000300        0
074 E000300        0
074 F000300    25267
074 G000300        0
074 H000300        0
074 I000300        0
074 J000300        0
074 K000300       33
074 L000300      226
074 M000300       43
074 N000300    29292
074 O000300      275
074 P000300       18
074 Q000300        0
074 R010300        0
074 R020300        0
074 R030300        0
074 R040300      149
074 S000300        0
074 T000300    28849
074 U010300      584
074 U020300     1789
074 V010300    12.33
074 V020300    12.10
074 W000300   0.0000
074 X000300     2882
074 Y000300        0
075 A000300        0
075 B000300    23865
076  000300     0.00
008 A000401 GNA CAPITAL MANAGEMENT, INC. 008 B000401 A
008 C000401 801-29116
008 D010401 SEATTLE
008 D020401 WA
008 D030401 98101
008 D040401 2336
008 A000402 DUFF & PHELPS INVESTMENT MANAGEMENT COMPANY <PAGE>      PAGE
20
008 B000402 S
008 C000402 801-14813
008 D010402 CHICAGO
008 D020402 IL
008 D030402 60603
028 A010400      1012
028 A020400       150
028 A030400         0
028 A040400       218
028 B010400       953
028 B020400        51
028 B030400         0
028 B040400       363
028 C010400      1127
028 C020400         0
028 C030400         0
028 C040400       346
028 D010400      1039
028 D020400        12
028 D030400         0
028 D040400       194
028 E010400      1754
028 E020400        10
028 E030400         0
028 E040400       311
028 F010400      2766
028 F020400         0
028 F030400         0
028 F040400       513
028 G010400      8651
028 G020400       223
028 G030400         0
028 G040400      1945
028 H000400         0
029  000400 Y
030 A000400     14
030 B000400  4.50
030 C000400  0.00
031 A000400      1
031 B000400      0
032  000400      0
033  000400     13
034  000400 Y
035  000400    104
036 A000400 N
036 B000400      0
037  000400 N
038  000400      0
039  000400 N
040  000400 Y
041  000400 Y
<PAGE>      PAGE  21
042 A000400   0
042 B000400   0
042 C000400 100
042 D000400   0
042 E000400   0
042 F000400   0
042 G000400   0
042 H000400   0
043  000400     66
044  000400      0
045  000400 Y
046  000400 N
047  000400 Y
048  000400  0.000
048 A010400   100000
048 A020400 0.800
048 B010400        0
048 B020400 0.000
048 C010400        0
048 C020400 0.000
048 D010400        0
048 D020400 0.000
048 E010400        0
048 E020400 0.000
048 F010400        0
048 F020400 0.000
048 G010400        0
048 G020400 0.000
048 H010400        0
048 H020400 0.000
048 I010400        0
048 I020400 0.000
048 J010400        0
048 J020400 0.000
048 K010400   100000
048 K020400 0.700
049  000400 N
050  000400 N
051  000400 N
052  000400 N
053 A000400 Y
053 B000400 Y
062 A000400 N
062 B000400   0.0
062 C000400   0.0
062 D000400   0.0
062 E000400   0.0
062 F000400   0.0
062 G000400   0.0
062 H000400   0.0
062 I000400   0.0
<PAGE>      PAGE  22
062 J000400   0.0
062 K000400   0.0
062 L000400   0.0
062 M000400   0.0
062 N000400   0.0
062 O000400   0.0
062 P000400   0.0
062 Q000400   0.0
062 R000400   0.0
063 A000400   0
063 B000400  0.0
064 A000400 N
064 B000400 N
066 A000400 Y
066 B000400 N
066 C000400 N
066 D000400 N
066 E000400 Y
066 F000400 N
066 G000400 N
067  000400 N
068 A000400 N
068 B000400 N
069  000400 N
070 A010400 Y
070 A020400 Y
070 B010400 Y
070 B020400 N
070 C010400 Y
070 C020400 N
070 D010400 Y
070 D020400 N
070 E010400 Y
070 E020400 N
070 F010400 Y
070 F020400 N
070 G010400 Y
070 G020400 N
070 H010400 Y
070 H020400 N
070 I010400 N
070 I020400 N
070 J010400 N
070 J020400 N
070 K010400 Y
070 K020400 Y
070 L010400 Y
070 L020400 Y
070 M010400 N
070 M020400 N
070 N010400 Y
<PAGE>      PAGE  23
070 N020400 N
070 O010400 Y
070 O020400 N
070 P010400 N
070 P020400 N
070 Q010400 Y
070 Q020400 N
070 R010400 Y
070 R020400 N
071 A000400     15378
071 B000400      8383
071 C000400     21811
071 D000400   38
072 A000400  6
072 B000400       20
072 C000400      247
072 D000400        0
072 E000400        0
072 F000400       89
072 G000400        0
072 H000400        0
072 I000400       40
072 J000400       45
072 K000400        0
072 L000400        0
072 M000400        0
072 N000400       12
072 O000400        0
072 P000400        0
072 Q000400        0
072 R000400        5
072 S000400        0
072 T000400       93
072 U000400        6
072 V000400        0
072 W000400        6
072 X000400      296
072 Y000400       81
072 Z000400       51
072AA000400     1201
072BB000400        0
072CC010400      973
072CC020400        0
072DD010400       26
072DD020400       38
072EE000400      167
073 A010400   0.0534
073 A020400   0.0209
073 B000400   0.0744
073 C000400   0.0000
074 A000400        0
<PAGE>      PAGE  24
074 B000400        0
074 C000400      682
074 D000400        0
074 E000400        0
074 F000400    26934
074 G000400        0
074 H000400        0
074 I000400        0
074 J000400        0
074 K000400       29
074 L000400      319
074 M000400       42
074 N000400    28006
074 O000400      378
074 P000400       16
074 Q000400        0
074 R010400        0
074 R020400        0
074 R030400        0
074 R040400      156
074 S000400        0
074 T000400    27456
074 U010400      517
074 U020400     2282
074 V010400     9.82
074 V020400     9.80
074 W000400   0.0000
074 X000400     2557
074 Y000400        0
075 A000400        0
075 B000400    22257
076  000400     0.00
008 A000501 GNA CAPITAL MANAGEMENT,INC. 008 B000501 A
008 C000501 801-29116
008 D010501 SEATTLE
008 D020501 WA
008 D030501 98101
008 D040501 2336
008 A000502 BROWN BROTHERS HARRIMAN & CO 008 B000502 S
008 C000502 801-99999
008 D010502 NEW YORK
008 D020502 NY
008 D030502 10005
028 A010500       479
028 A020500        27
028 A030500         0
028 A040500        53
028 B010500       666
028 B020500        28
<PAGE>      PAGE  25
028 B030500         0
028 B040500       167
028 C010500       126
028 C020500        28
028 C030500         0
028 C040500       266
028 D010500       330
028 D020500        28
028 D030500         0
028 D040500       129
028 E010500       201
028 E020500        28
028 E030500         0
028 E040500       122
028 F010500       333
028 F020500        29
028 F030500         0
028 F040500       274
028 G010500      2135
028 G020500       168
028 G030500         0
028 G040500      1011
028 H000500         0
029  000500 Y
030 A000500     26
030 B000500  4.50
030 C000500  0.00
031 A000500      2
031 B000500      0
032  000500      0
033  000500     24
034  000500 Y
035  000500     67
036 A000500 N
036 B000500      0
037  000500 N
038  000500      0
039  000500 N
040  000500 Y
041  000500 Y
042 A000500   0
042 B000500   0
042 C000500 100
042 D000500   0
042 E000500   0
042 F000500   0
042 G000500   0
042 H000500   0
043  000500     32
044  000500      0
045  000500 Y
<PAGE>      PAGE  26
046  000500 N
047  000500 Y
048  000500  0.000
048 A010500    20000
048 A020500 0.600
048 B010500    80000
048 B020500 0.500
048 C010500        0
048 C020500 0.000
048 D010500        0
048 D020500 0.000
048 E010500        0
048 E020500 0.000
048 F010500        0
048 F020500 0.000
048 G010500        0
048 G020500 0.000
048 H010500        0
048 H020500 0.000
048 I010500        0
048 I020500 0.000
048 J010500        0
048 J020500 0.000
048 K010500   100000
048 K020500 0.450
049  000500 N
050  000500 N
051  000500 N
052  000500 N
053 A000500 Y
053 B000500 Y
053 C000500 N
062 A000500 Y
062 B000500   0.0
062 C000500   0.0
062 D000500   0.0
062 E000500   1.2
062 F000500   0.0
062 G000500   0.0
062 H000500   0.0
062 I000500   0.0
062 J000500   0.0
062 K000500   0.0
062 L000500   0.0
062 M000500   0.0
062 N000500   0.0
062 O000500  97.7
062 P000500   0.0
062 Q000500   1.1
062 R000500   0.0
063 A000500   0
<PAGE>      PAGE  27
063 B000500  2.7
064 A000500 Y
064 B000500 N
066 A000500 N
067  000500 N
068 A000500 N
068 B000500 N
069  000500 N
070 A010500 Y
070 A020500 Y
070 B010500 N
070 B020500 N
070 C010500 Y
070 C020500 N
070 D010500 N
070 D020500 N
070 E010500 Y
070 E020500 N
070 F010500 N
070 F020500 N
070 G010500 Y
070 G020500 N
070 H010500 N
070 H020500 N
070 I010500 N
070 I020500 N
070 J010500 N
070 J020500 N
070 K010500 Y
070 K020500 N
070 L010500 N
070 L020500 N
070 M010500 N
070 M020500 N
070 N010500 Y
070 N020500 N
070 O010500 Y
070 O020500 N
070 P010500 N
070 P020500 N
070 Q010500 Y
070 Q020500 N
070 R010500 Y
070 R020500 N
071 A000500      2304
071 B000500       563
071 C000500     24027
071 D000500    2
072 A000500  6
072 B000500      622
072 C000500        0
<PAGE>      PAGE  28
072 D000500        0
072 E000500        0
072 F000500       71
072 G000500        0
072 H000500        0
072 I000500       35
072 J000500       48
072 K000500        0
072 L000500        0
072 M000500        0
072 N000500       12
072 O000500        0
072 P000500        0
072 Q000500        0
072 R000500        7
072 S000500        0
072 T000500       63
072 U000500        6
072 V000500        0
072 W000500        3
072 X000500      246
072 Y000500      246
072 Z000500      622
072AA000500       11
072BB000500        0
072CC010500        0
072CC020500      318
072DD010500      393
072DD020500      208
072EE000500        0
073 A010500   0.2781
073 A020500   0.2781
073 B000500   0.0000
073 C000500   0.0000
074 A000500       61
074 B000500        0
074 C000500      300
074 D000500    24130
074 E000500        0
074 F000500        0
074 G000500        0
074 H000500        0
074 I000500        0
074 J000500        0
074 K000500       69
074 L000500      549
074 M000500       42
074 N000500    25151
074 O000500      279
074 P000500       11
074 Q000500        0
<PAGE>      PAGE  29
074 R010500        0
074 R020500        0
074 R030500        0
074 R040500      161
074 S000500        0
074 T000500    24700
074 U010500     1422
074 U020500      786
074 V010500    11.18
074 V020500    11.20
074 W000500   0.0000
074 X000500      388
074 Y000500        0
075 A000500        0
075 B000500    24760
076  000500     0.00
SIGNATURE   EUNICE TSANG                                 TITLE
ACCOUNTING MANAGER



<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000808245
<NAME> INVESTORS TRUST
<SERIES>
   <NUMBER> 021
   <NAME> ADJUSTABLE RATE FUND
       
<S>                             <C>
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          OCT-31-1996 <PERIOD-END>
APR-30-1996
<INVESTMENTS-AT-COST>                          7457497 <INVESTMENTS-AT-VALUE>
7540130 <RECEIVABLES>                                            64458
<ASSETS-OTHER>                                   41165
<OTHER-ITEMS-ASSETS>                                 0 <TOTAL-ASSETS>
7645753
<PAYABLE-FOR-SECURITIES>                        211813
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                        95011
<TOTAL-LIABILITIES>                             306824
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                       7450685
<SHARES-COMMON-STOCK>                           876912
<SHARES-COMMON-PRIOR>                           856850
<ACCUMULATED-NII-CURRENT>                            0
<OVERDISTRIBUTION-NII>                          (7992)
<ACCUMULATED-NET-GAINS>                       (186397) <OVERDISTRIBUTION-GAINS>
0
<ACCUM-APPREC-OR-DEPREC>                         82633
<NET-ASSETS>                                   7338929
<DIVIDEND-INCOME>                                    0
<INTEREST-INCOME>                               226555
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                   42099
<NET-INVESTMENT-INCOME>                         184456
<REALIZED-GAINS-CURRENT>                       (11276)
<APPREC-INCREASE-CURRENT>                      (34921)
<NET-CHANGE-FROM-OPS>                           138259
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                     (143108) <DISTRIBUTIONS-OF-GAINS>
0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                           3505
<NUMBER-OF-SHARES-REDEEMED>                     (5454)
<SHARES-REINVESTED>                              22011
<NET-CHANGE-IN-ASSETS>                            4602
<ACCUMULATED-NII-PRIOR>                              0
<ACCUMULATED-GAINS-PRIOR>                      (175121)
<OVERDISTRIB-NII-PRIOR>                         (7886)
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                            14776
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                 129474
<AVERAGE-NET-ASSETS>                           7421750
<PER-SHARE-NAV-BEGIN>                             6.39
<PER-SHARE-NII>                                   0.16
<PER-SHARE-GAIN-APPREC>                         (0.04)
<PER-SHARE-DIVIDEND>                            (0.16)
<PER-SHARE-DISTRIBUTIONS>                            0
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              6.350
<EXPENSE-RATIO>                                   0.95
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        

</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000808245
<NAME> INVESTORS TRUST
<SERIES>
   <NUMBER> 022
   <NAME> ADJUSTABLE RATE FUND
       
<S>                             <C>
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          OCT-31-1996 <PERIOD-END>
APR-30-1996 <INVESTMENTS-AT-COST>              7457497
<INVESTMENTS-AT-VALUE>                         7540130
<RECEIVABLES>                                    64458
<ASSETS-OTHER>                                   41165
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                                 7645753
<PAYABLE-FOR-SECURITIES>                        211813
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                        95011
<TOTAL-LIABILITIES>                             306824
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                       7450685
<SHARES-COMMON-STOCK>                           279328
<SHARES-COMMON-PRIOR>                           291483
<ACCUMULATED-NII-CURRENT>                            0
<OVERDISTRIBUTION-NII>                          (7992)
<ACCUMULATED-NET-GAINS>                       (186397) <OVERDISTRIBUTION-GAINS>
0
<ACCUM-APPREC-OR-DEPREC>                         82633
<NET-ASSETS>                                   7338929
<DIVIDEND-INCOME>                                    0
<INTEREST-INCOME>                               226555
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                   42099
<NET-INVESTMENT-INCOME>                         184456
<REALIZED-GAINS-CURRENT>                       (11276)
<APPREC-INCREASE-CURRENT>                      (34921)
<NET-CHANGE-FROM-OPS>                           138259
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                      (41454)
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                          32502
<NUMBER-OF-SHARES-REDEEMED>                    (50551)
<SHARES-REINVESTED>                               5894
<NET-CHANGE-IN-ASSETS>                            4602
<ACCUMULATED-NII-PRIOR>                              0
<ACCUMULATED-GAINS-PRIOR>                      (175121)
<OVERDISTRIB-NII-PRIOR>                          (7886)
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                            14776
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                 129474
<AVERAGE-NET-ASSETS>                           7421750
<PER-SHARE-NAV-BEGIN>                            6.390
<PER-SHARE-NII>                                  0.140
<PER-SHARE-GAIN-APPREC>                         (0.04)
<PER-SHARE-DIVIDEND>                            (0.14)
<PER-SHARE-DISTRIBUTIONS>                        0.000
<RETURNS-OF-CAPITAL>                             0.000
<PER-SHARE-NAV-END>                              6.350
<EXPENSE-RATIO>                                   1.70
<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> 0000808245
<NAME> INVESTORS TRUST
<SERIES>
   <NUMBER> 012
   <NAME> GOVERNMENT FUND
       
<S>                             <C>
<PERIOD-TYPE>                   6-MOS <FISCAL-YEAR-END>
OCT-31-1996 <PERIOD-END>                               APR-30-1996
<INVESTMENTS-AT-COST>                        968634550
<INVESTMENTS-AT-VALUE>                       962644743
<RECEIVABLES>                                  7941758
<ASSETS-OTHER>                                   46197
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                               970632698
<PAYABLE-FOR-SECURITIES>                      17713433
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                      7255475
<TOTAL-LIABILITIES>                           24968908
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                    1152640161 <SHARES-COMMON-
STOCK>                                       109441002
<SHARES-COMMON-PRIOR>                        127682638
<ACCUMULATED-NII-CURRENT>                            0
<OVERDISTRIBUTION-NII>                       (8980801)
<ACCUMULATED-NET-GAINS>                    (185450125) <OVERDISTRIBUTION-
GAINS>                                               0
<ACCUM-APPREC-OR-DEPREC>                    (12545445) <NET-ASSETS>
945663790
<DIVIDEND-INCOME>                                    0
<INTEREST-INCOME>                             38676612
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                 9319816
<NET-INVESTMENT-INCOME>                       29356796
<REALIZED-GAINS-CURRENT>                      10912561
<APPREC-INCREASE-CURRENT>                   (39525844) <NET-CHANGE-FROM-
OPS>                                            743513
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                   (28519761) <DISTRIBUTIONS-OF-
GAINS>                                               0
<DISTRIBUTIONS-OTHER>                        (6653137)
<NUMBER-OF-SHARES-SOLD>                         824659
<NUMBER-OF-SHARES-REDEEMED>                 (21145866) <SHARES-REINVESTED>
2079571
<NET-CHANGE-IN-ASSETS>                     (193478487) <ACCUMULATED-NII-
PRIOR>                                               0
<ACCUMULATED-GAINS-PRIOR>                  (196362686) <OVERDISTRIB-NII-
PRIOR>                                       (2160157)
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                          3216475
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                9319816
<AVERAGE-NET-ASSETS>                        1062075656 <PER-SHARE-NAV-
BEGIN>                                           8.710
<PER-SHARE-NII>                                  0.230
<PER-SHARE-GAIN-APPREC>                        (0.250)
<PER-SHARE-DIVIDEND>                           (0.290)
<PER-SHARE-DISTRIBUTIONS>                        0.000
<RETURNS-OF-CAPITAL>                             0.000
<PER-SHARE-NAV-END>                              8.400
<EXPENSE-RATIO>                                   1.78
<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> 0000808245
<NAME> INVESTORS TRUST
<SERIES>
   <NUMBER> 011
   <NAME> GOVERNMENT FUND
       
<S>                             <C>
<PERIOD-TYPE>                   6-MOS <FISCAL-YEAR-END>
OCT-31-1996 <PERIOD-END>                               APR-30-1996
<INVESTMENTS-AT-COST>                        968634550 <INVESTMENTS-AT-
VALUE>                       962644743 <RECEIVABLES>   7941758
<ASSETS-OTHER>                                   46197
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                               970632698 <PAYABLE-FOR-
SECURITIES>                                   17713433
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                      7255475
<TOTAL-LIABILITIES>                           24968908
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                    1152640161 <SHARES-COMMON-
STOCK>                                         3079500
<SHARES-COMMON-PRIOR>                          3089166
<ACCUMULATED-NII-CURRENT>                            0
<OVERDISTRIBUTION-NII>                       (8980801) <ACCUMULATED-NET-
GAINS>                    (185450125) <OVERDISTRIBUTION-GAINS>
0
<ACCUM-APPREC-OR-DEPREC>                    (12545445) <NET-ASSETS>
945663790 <DIVIDEND-INCOME>                          0
<INTEREST-INCOME>                             38676612
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                 9319816
<NET-INVESTMENT-INCOME>                       29356796
<REALIZED-GAINS-CURRENT>                      10912561
<APPREC-INCREASE-CURRENT>                   (39525844) <NET-CHANGE-FROM-
OPS>                                            743513
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                     (837035)
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                         (167507)
<NUMBER-OF-SHARES-SOLD>                         512337
<NUMBER-OF-SHARES-REDEEMED>                   (573148)
<SHARES-REINVESTED>                              51145
<NET-CHANGE-IN-ASSETS>                     (193478487) <ACCUMULATED-NII-
PRIOR>                                               0
<ACCUMULATED-GAINS-PRIOR>                  (196362686) <OVERDISTRIB-NII-
PRIOR>                      (2160157) <OVERDIST-NET-GAINS-PRIOR>
0
<GROSS-ADVISORY-FEES>                          3216475
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                9319816
<AVERAGE-NET-ASSETS>                        1062075656 <PER-SHARE-NAV-
BEGIN>                                           8.700
<PER-SHARE-NII>                                  0.280
<PER-SHARE-GAIN-APPREC>                        (0.250)
<PER-SHARE-DIVIDEND>                           (0.330)
<PER-SHARE-DISTRIBUTIONS>                            0
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                                8.4
<EXPENSE-RATIO>                                   1.04
<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> 0000808245
<NAME> INVESTORS TRUST
<SERIES>
   <NUMBER> 031
   <NAME> GROWTH FUND
       
<S>                             <C>
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          OCT-31-1996 <PERIOD-END>
APR-30-1996 <INVESTMENTS-AT-COST>             22736219
<INVESTMENTS-AT-VALUE>                        28990193
<RECEIVABLES>                                   258585
<ASSETS-OTHER>                                   42899
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                                29291677
<PAYABLE-FOR-SECURITIES>                        275362
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                       167079
<TOTAL-LIABILITIES>                             442441
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                      22891531
<SHARES-COMMON-STOCK>                           584129
<SHARES-COMMON-PRIOR>                           525778
<ACCUMULATED-NII-CURRENT>                            0
<OVERDISTRIBUTION-NII>                         (74703)
<ACCUMULATED-NET-GAINS>                       (221566)
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                       6253974
<NET-ASSETS>                                  28849236
<DIVIDEND-INCOME>                                71668
<INTEREST-INCOME>                                78642
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                  225013
<NET-INVESTMENT-INCOME>                        (74703)
<REALIZED-GAINS-CURRENT>                       (20059)
<APPREC-INCREASE-CURRENT>                      2029231
<NET-CHANGE-FROM-OPS>                          1934469
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                            0
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                          77656
<NUMBER-OF-SHARES-REDEEMED>                    (19305)
<SHARES-REINVESTED>                                  0
<NET-CHANGE-IN-ASSETS>                         8552049
<ACCUMULATED-NII-PRIOR>                              0
<ACCUMULATED-GAINS-PRIOR>                     (201507)
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                            95020
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                 306555
<AVERAGE-NET-ASSETS>                          23864516
<PER-SHARE-NAV-BEGIN>                           11.380
PER-SHARE-NII>                                   0.00
<PER-SHARE-GAIN-APPREC>                           0.95
<PER-SHARE-DIVIDEND>                              0.00
<PER-SHARE-DISTRIBUTIONS>                         0.00
<RETURNS-OF-CAPITAL>                              0.00
<PER-SHARE-NAV-END>                              12.33
<EXPENSE-RATIO>                                   1.35
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        

</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000808245
<NAME> INVESTORS TRUST
<SERIES>
   <NUMBER> 032
   <NAME> GROWTH FUND
       
<S>                             <C>
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          OCT-31-1996 <PERIOD-END>
APR-30-1996 <INVESTMENTS-AT-COST>             22736219
<INVESTMENTS-AT-VALUE>                        28990193
<RECEIVABLES>                                   258585
<ASSETS-OTHER>                                   42899
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                                29291677
<PAYABLE-FOR-SECURITIES>                        275362
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                       167079
<TOTAL-LIABILITIES>                             442441
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                      22891531
<SHARES-COMMON-STOCK>                          1789349
<SHARES-COMMON-PRIOR>                          1276847
<ACCUMULATED-NII-CURRENT>                            0
<OVERDISTRIBUTION-NII>                         (74703)
<ACCUMULATED-NET-GAINS>                       (221566)
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                       6253974
<NET-ASSETS>                                  28849236
<DIVIDEND-INCOME>                                71668
<INTEREST-INCOME>                                78642
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                  225013
<NET-INVESTMENT-INCOME>                        (74703)
<REALIZED-GAINS-CURRENT>                       (20059)
<APPREC-INCREASE-CURRENT>                      2029231
<NET-CHANGE-FROM-OPS>                          1934469
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                            0
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                         695159
<NUMBER-OF-SHARES-REDEEMED>                   (182657)
<SHARES-REINVESTED>                                  0
<NET-CHANGE-IN-ASSETS>                         8552049
<ACCUMULATED-NII-PRIOR>                              0
<ACCUMULATED-GAINS-PRIOR>                     (201507)
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                            95020
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                 306555
<AVERAGE-NET-ASSETS>                          23864516
<PER-SHARE-NAV-BEGIN>                           11.210
<PER-SHARE-NII>                                (0.040)
<PER-SHARE-GAIN-APPREC>                          0.930
<PER-SHARE-DIVIDEND>                             0.000
<PER-SHARE-DISTRIBUTIONS>                        0.000
<RETURNS-OF-CAPITAL>                             0.000
<PER-SHARE-NAV-END>                             12.100
<EXPENSE-RATIO>                                   2.10
<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
<RESTATED>
<CIK> 0000808245
<NAME> INVESTORS TRUST
<SERIES>
   <NUMBER> 051
   <NAME> TAX FREE FUND
       
<S>                             <C>
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          OCT-31-1996 <PERIOD-END>
APR-30-1996 <INVESTMENTS-AT-COST>             24572094
<INVESTMENTS-AT-VALUE>                        24430586
<RECEIVABLES>                                   618046
<ASSETS-OTHER>                                  102272
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                                25150904
<PAYABLE-FOR-SECURITIES>                        279330
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                       171555
<TOTAL-LIABILITIES>                             450885
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                      25017133
<SHARES-COMMON-STOCK>                          1421832
SHARES-COMMON-PRIOR>                           1417127
<ACCUMULATED-NII-CURRENT>                            0
<OVERDISTRIBUTION-NII>                         (10044)
<ACCUMULATED-NET-GAINS>                       (165562)
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                      (141508)
<NET-ASSETS>                                  24700019
<DIVIDEND-INCOME>                                    0
<INTEREST-INCOME>                               621902
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                       0
<NET-INVESTMENT-INCOME>                         621902
<REALIZED-GAINS-CURRENT>                         10803
<APPREC-INCREASE-CURRENT>                     (317810)
<NET-CHANGE-FROM-OPS>                           314895
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                     (393240)
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                          20841
<NUMBER-OF-SHARES-REDEEMED>                    (17120)
<SHARES-REINVESTED>                                984
<NET-CHANGE-IN-ASSETS>                         1007045
<ACCUMULATED-NII-PRIOR>                              0
<ACCUMULATED-GAINS-PRIOR>                     (176365)
<OVERDISTRIB-NII-PRIOR>                        (30865)
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                            71332
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                 246211
<AVERAGE-NET-ASSETS>                          24759838
<PER-SHARE-NAV-BEGIN>                            11.31
<PER-SHARE-NII>                                   0.29
<PER-SHARE-GAIN-APPREC>                         (0.14)
<PER-SHARE-DIVIDEND>                            (0.28)
<PER-SHARE-DISTRIBUTIONS>                            0
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              11.18
<EXPENSE-RATIO>                                      0
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        

</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000808245
<NAME> INVESTORS TRUST
<SERIES>
   <NUMBER> 052
   <NAME> TAX FREE FUND
       
<S>                             <C>
<PERIOD-TYPE>                   6-MOS <FISCAL-YEAR-END>
OCT-31-1996 <PERIOD-END>                               APR-30-1996
<INVESTMENTS-AT-COST>                         24572094
<INVESTMENTS-AT-VALUE>                        24430586
<RECEIVABLES>                                   618046
<ASSETS-OTHER>                                  102272
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                                25150904
<PAYABLE-FOR-SECURITIES>                        279330
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                       171555
<TOTAL-LIABILITIES>                             450885
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                      25017133
<SHARES-COMMON-STOCK>                           785939
<SHARES-COMMON-PRIOR>                           677258
<ACCUMULATED-NII-CURRENT>                            0
<OVERDISTRIBUTION-NII>                         (10044)
<ACCUMULATED-NET-GAINS>                       (165562)
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                      (141508)
<NET-ASSETS>                                  24700019
<DIVIDEND-INCOME>                                    0
<INTEREST-INCOME>                               621902
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                       0
<NET-INVESTMENT-INCOME>                         621902
<REALIZED-GAINS-CURRENT>                         10803
<APPREC-INCREASE-CURRENT>                     (317810)
<NET-CHANGE-FROM-OPS>                           314895
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                     (207841)
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                         166350
<NUMBER-OF-SHARES-REDEEMED>                    (71432)
<SHARES-REINVESTED>                              13763
<NET-CHANGE-IN-ASSETS>                         1007045
<ACCUMULATED-NII-PRIOR>                              0
<ACCUMULATED-GAINS-PRIOR>                     (176365)
<OVERDISTRIB-NII-PRIOR>                        (30865)
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                            71332
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                 246211
<AVERAGE-NET-ASSETS>                          24759838
<PER-SHARE-NAV-BEGIN>                           11.320
<PER-SHARE-NII>                                  0.290
<PER-SHARE-GAIN-APPREC>                        (0.130)
<PER-SHARE-DIVIDEND>                           (0.280)
<PER-SHARE-DISTRIBUTIONS>                        0.000
<RETURNS-OF-CAPITAL>                             0.000
<PER-SHARE-NAV-END>                              11.20
<EXPENSE-RATIO>                                   0.00
<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> 0000808245
<NAME> INVESTORS TRUST
<SERIES>
   <NUMBER> 041
   <NAME> INVESTORS TRUST VALUE FUND
       
<S>                             <C>
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          OCT-31-1996 <PERIOD-START>
NOV-01-1995 <PERIOD-END>                               APR-30-1996 <INVESTMENTS-
AT-COST>                                      24031015
<INVESTMENTS-AT-VALUE>                        27616605
<RECEIVABLES>                                   347627
<ASSETS-OTHER>                                   41800
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                                28006032
<PAYABLE-FOR-SECURITIES>                        377560
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                       172646
<TOTAL-LIABILITIES>                             550206
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                      22662277
<SHARES-COMMON-STOCK>                           517470
<SHARES-COMMON-PRIOR>                           456247
<ACCUMULATED-NII-CURRENT>                         6651
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                        1201308
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                       3585590
<NET-ASSETS>                                  27455826
<DIVIDEND-INCOME>                               246475
<INTEREST-INCOME>                                20134
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                  215269
<NET-INVESTMENT-INCOME>                          51340
<REALIZED-GAINS-CURRENT>                       1201295
<APPREC-INCREASE-CURRENT>                       972561
<NET-CHANGE-FROM-OPS>                          2225196
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                      (26059)
<DISTRIBUTIONS-OF-GAINS>                       (35365)
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                          65600
<NUMBER-OF-SHARES-REDEEMED>                    (10974)
<SHARES-REINVESTED>                               6597
<NET-CHANGE-IN-ASSETS>                         8922993
<ACCUMULATED-NII-PRIOR>                          19703
<ACCUMULATED-GAINS-PRIOR>                       166720
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                            88503
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                 296285
<AVERAGE-NET-ASSETS>                          22256505 <PER-SHARE-NAV-BEGIN>
8.950
<PER-SHARE-NII>                                   0.05
<PER-SHARE-GAIN-APPREC>                           0.87
<PER-SHARE-DIVIDEND>                            (0.12)
<PER-SHARE-DISTRIBUTIONS>                         0.00
<RETURNS-OF-CAPITAL>                              0.00
<PER-SHARE-NAV-END>                               9.75
<EXPENSE-RATIO>                                   1.35
<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> 0000808245
<NAME> INVESTORS TRUST
<SERIES>
   <NUMBER> 042
   <NAME> VALUE FUND
       
<S>                             <C>
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          OCT-31-1996 <PERIOD-END>
APR-30-1996 <INVESTMENTS-AT-COST>                         24031015 <INVESTMENTS-
AT-VALUE>                        27616605 <RECEIVABLES>          347627
<ASSETS-OTHER>                                   12617
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                                27976849 <PAYABLE-FOR-SECURITIES>
377560
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                       172646
<TOTAL-LIABILITIES>                             550206
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                      22662277 <SHARES-COMMON-STOCK>
2282146
<SHARES-COMMON-PRIOR>                          1617449
<ACCUMULATED-NII-CURRENT>                         6651
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                        1201308
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                       3585590
<NET-ASSETS>                                  27455826 <DIVIDEND-INCOME>
246475
<INTEREST-INCOME>                                20134
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                  215269
<NET-INVESTMENT-INCOME>                          51340
<REALIZED-GAINS-CURRENT>                       1201295
<APPREC-INCREASE-CURRENT>                       972561
<NET-CHANGE-FROM-OPS>                          2225196
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                      (38333)
<DISTRIBUTIONS-OF-GAINS>                      (131342)
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                         841461
<NUMBER-OF-SHARES-REDEEMED>                   (194360)
<SHARES-REINVESTED>                              17596
<NET-CHANGE-IN-ASSETS>                         8922993
<ACCUMULATED-NII-PRIOR>                          19703
<ACCUMULATED-GAINS-PRIOR>                       166720
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                            88503
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                 296285
<AVERAGE-NET-ASSETS>                          22256505
<PER-SHARE-NAV-BEGIN>                            8.930
<PER-SHARE-NII>                                  0.020
<PER-SHARE-GAIN-APPREC>                          0.870
<PER-SHARE-DIVIDEND>                           (0.090)
<PER-SHARE-DISTRIBUTIONS>                        0.000
<RETURNS-OF-CAPITAL>                             0.000
<PER-SHARE-NAV-END>                              9.730
<EXPENSE-RATIO>                                   2.10
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        

</TABLE>


© 2022 IncJournal is not affiliated with or endorsed by the U.S. Securities and Exchange Commission