<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION
EXTRACTED FROM THE 6/30/2000 ANNUAL REPORT TO SHAREHOLDERS
AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH
FINANCIAL STATEMENTS
</LEGEND>
<CIK> 0000811161
<NAME> CLEARWATER INVESTMENT TRUST
<SERIES>
<NUMBER> 3
<NAME> CLEARWATER TAX-EXEMPT FUND
<S> <C>
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<PERIOD-END> JUN-30-2000
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</TABLE>
