THORNBURG INCOME TRUST
NSAR-A, 1995-05-31
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<PAGE>      PAGE  1
000 A000000 03/31/95
000 C000000 0000816153
000 D000000 N
000 E000000 NF
000 F000000 Y
000 G000000 N
000 H000000 N
000 I000000 3.0.a
000 J000000 A
001 A000000 THORNBURG INCOME TRUST
001 B000000 811-5201
001 C000000 5059840200
002 A000000 119 EAST MARCY STREET SUITE 202
002 B000000 SANTA FE
002 C000000 NM
002 D010000 87501
003  000000 N
004  000000 N
005  000000 N
006  000000 N
007 A000000 Y
007 B000000  5
007 C010100  1
007 C020100 THORNBURG LIMITED TERM U.S. GOVERNMENT FUND
007 C030100 N
007 C010200  2
007 C020200 THORNBURG NEW MEXICO INTERMEDIATE MUNI FUND
007 C030200 N
007 C010300  3
007 C020300 THORNBURG INTERMEDIATE MUNICIPAL FUND
007 C030300 N
007 C010400  4
007 C020400 THORNBURG LIMITED TERM INCOME FUND
007 C030400 N
007 C010500  5
007 C020500 THORNBURG FLORIDA INTERMEDIATE MUNI FUND
007 C030500 N
007 C010600  6
007 C010700  7
007 C010800  8
007 C010900  9
007 C011000 10
015 B00AA01 C
018  00AA00 Y
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019 C00AA00 THORNBURG!
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<PAGE>      PAGE  2
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022 D000002     20401
022 A000003 FIRST BOSTON
022 B000003 13-5659485
022 C000003     14121
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022 A000004 MCDONALD AND CO.
022 B000004 34-1391952
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022 A000005 COASTAL SECURITIES
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022 A000007 NUVEEN AND CO.
022 B000007 36-2639476
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<PAGE>      PAGE  3
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<PAGE>      PAGE  4
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<PAGE>      PAGE  5
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<PAGE>      PAGE  6
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<PAGE>      PAGE  7
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<PAGE>      PAGE  8
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<PAGE>      PAGE  9
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<PAGE>      PAGE  10
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<PAGE>      PAGE  11
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<PAGE>      PAGE  12
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<PAGE>      PAGE  13
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<PAGE>      PAGE  14
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<PAGE>      PAGE  15
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<PAGE>      PAGE  16
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<PAGE>      PAGE  17
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<PAGE>      PAGE  18
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028 B010500       650
028 B020500        15
<PAGE>      PAGE  19
028 B030500         0
028 B040500       126
028 C010500     18399
028 C020500        24
028 C030500         0
028 C040500       448
028 D010500      1314
028 D020500        20
028 D030500         0
028 D040500     17565
028 E010500       200
028 E020500        21
028 E030500         0
028 E040500        68
028 F010500       836
028 F020500        20
028 F030500         0
028 F040500       150
028 G010500     21896
028 G020500       114
028 G030500         0
028 G040500     18526
028 H000500         0
029  000500 Y
030 A000500     34
030 B000500  3.50
030 C000500  0.00
031 A000500      4
031 B000500      0
032  000500     30
033  000500      0
034  000500 Y
035  000500      2
036 A000500 Y
036 B000500      0
042 A000500   0
042 B000500   0
042 C000500   0
042 D000500 100
042 E000500   0
042 F000500   0
042 G000500   0
042 H000500   0
043  000500      8
044  000500      0
045  000500 Y
046  000500 N
047  000500 Y
048  000500  0.000
048 A010500   500000
048 A020500 0.625
<PAGE>      PAGE  20
048 B010500   500000
048 B020500 0.575
048 C010500   500000
048 C020500 0.525
048 D010500   500000
048 D020500 0.475
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  2000000
048 K020500 0.400
062 A000500 Y
062 B000500   0.0
062 C000500   0.0
062 D000500   0.0
062 E000500   6.1
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  93.9
062 P000500   0.0
062 Q000500   0.0
062 R000500   0.0
063 A000500   0
063 B000500  8.4
064 A000500 Y
064 B000500 N
071 A000500     11767
071 B000500      9279
071 C000500      9539
071 D000500   97
072 A000500  6
072 B000500      305
072 C000500        0
072 D000500        0
072 E000500        0
<PAGE>      PAGE  21
072 F000500       32
072 G000500        0
072 H000500        0
072 I000500       23
072 J000500       18
072 K000500        0
072 L000500        0
072 M000500        0
072 N000500        2
072 O000500        0
072 P000500        0
072 Q000500        0
072 R000500        5
072 S000500        0
072 T000500        8
072 U000500        0
072 V000500        0
072 W000500        3
072 X000500       91
072 Y000500       71
072 Z000500      285
072AA000500        0
072BB000500       77
072CC010500      257
072CC020500        0
072DD010500      285
072DD020500        0
072EE000500        0
073 A010500   0.3200
073 A020500   0.0000
073 B000500   0.0000
073 C000500   0.0000
074 A000500       87
074 B000500        0
074 C000500      700
074 D000500    10764
074 E000500        0
074 F000500        0
074 G000500        0
074 H000500        0
074 I000500        0
074 J000500        0
074 K000500        0
074 L000500      373
074 M000500        1
074 N000500    11925
074 O000500        0
074 P000500        0
074 Q000500        0
074 R010500        0
074 R020500        0
<PAGE>      PAGE  22
074 R030500        0
074 R040500       56
074 S000500        0
074 T000500    11869
074 U010500      975
074 U020500        0
074 V010500    11.67
074 V020500     0.00
074 W000500   0.0000
074 X000500      183
074 Y000500        0
075 A000500        0
075 B000500    10417
076  000500     0.00
SIGNATURE   JOHN ARIOLA                                  
TITLE       ASST. VICE PRESIDENT
 

WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.

<TABLE> <S> <C>


<ARTICLE> 6
<CIK> 0000816153
<NAME> THORNBURG INCOME TRUST
<SERIES>
   <NUMBER> 5
   <NAME> THORNBURG FLORIDA INTERMEDIATE MUNICIPAL FUND CLASS (A)
       
<S>                             <C>
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          SEP-30-1995
<PERIOD-END>                               MAR-31-1995
<INVESTMENTS-AT-COST>                       11,335,456
<INVESTMENTS-AT-VALUE>                      11,463,754
<RECEIVABLES>                                  373,336
<ASSETS-OTHER>                                  87,832
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                              11,924,922
<PAYABLE-FOR-SECURITIES>                             0
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                       55,821
<TOTAL-LIABILITIES>                             55,821
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                    10,392,728
<SHARES-COMMON-STOCK>                          974,951
<SHARES-COMMON-PRIOR>                          699,738
<ACCUMULATED-NII-CURRENT>                            0
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                      (107,575)
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                       128,298
<NET-ASSETS>                                11,869,101
<DIVIDEND-INCOME>                                    0
<INTEREST-INCOME>                              305,100
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                (19,611)
<NET-INVESTMENT-INCOME>                        285,489
<REALIZED-GAINS-CURRENT>                      (76,890)
<APPREC-INCREASE-CURRENT>                      257,326
<NET-CHANGE-FROM-OPS>                          465,925
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                      278,560
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                      1,888,500
<NUMBER-OF-SHARES-REDEEMED>                  1,622,866
<SHARES-REINVESTED>                              9,580
<NET-CHANGE-IN-ASSETS>                       3,663,982
<ACCUMULATED-NII-PRIOR>                              0
<ACCUMULATED-GAINS-PRIOR>                     (30,685)
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                         (32,265)
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                               (90,725)
<AVERAGE-NET-ASSETS>                        10,416,850
<PER-SHARE-NAV-BEGIN>                            11.54
<PER-SHARE-NII>                                    .32
<PER-SHARE-GAIN-APPREC>                            .13
<PER-SHARE-DIVIDEND>                             (.32)
<PER-SHARE-DISTRIBUTIONS>                            0
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              11.67
<EXPENSE-RATIO>                                    .36
<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> 0000816153
<NAME> THORNBURG INCOME TRUST
<SERIES>
   <NUMBER> 5
   <NAME> THORNBURG FLORIDA INTERMEDIATE MUNICIPAL FUND CLASS (B)
       
<S>                             <C>
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          SEP-30-1995
<PERIOD-END>                               MAR-31-1995
<INVESTMENTS-AT-COST>                       11,335,456
<INVESTMENTS-AT-VALUE>                      11,463,754
<RECEIVABLES>                                  373,336
<ASSETS-OTHER>                                  87,832
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                              11,924,922
<PAYABLE-FOR-SECURITIES>                             0
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                       55,821
<TOTAL-LIABILITIES>                             55,821
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                       429,128
<SHARES-COMMON-STOCK>                           41,066
<SHARES-COMMON-PRIOR>                            1,731
<ACCUMULATED-NII-CURRENT>                            0
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                      (107,575)
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                       128,298
<NET-ASSETS>                                11,869,101
<DIVIDEND-INCOME>                                    0
<INTEREST-INCOME>                              305,100
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                (19,611)
<NET-INVESTMENT-INCOME>                        285,489
<REALIZED-GAINS-CURRENT>                      (76,890)
<APPREC-INCREASE-CURRENT>                      257,326
<NET-CHANGE-FROM-OPS>                          465,925
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                        6,095
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                         43,335
<NUMBER-OF-SHARES-REDEEMED>                      4,324
<SHARES-REINVESTED>                                324
<NET-CHANGE-IN-ASSETS>                       3,663,982
<ACCUMULATED-NII-PRIOR>                              0
<ACCUMULATED-GAINS-PRIOR>                     (30,685)
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                         (32,265)
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                               (90,725)
<AVERAGE-NET-ASSETS>                        10,416,850
<PER-SHARE-NAV-BEGIN>                            11.55
<PER-SHARE-NII>                                    .28
<PER-SHARE-GAIN-APPREC>                            .14
<PER-SHARE-DIVIDEND>                             (.28)
<PER-SHARE-DISTRIBUTIONS>                            0
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              11.69
<EXPENSE-RATIO>                                   1.10
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        

</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000816153
<NAME> THORNBURG INCOME TRUST
<SERIES>
   <NUMBER> 5
   <NAME> THORNBURG FLORIDA INTERMEDIATE MUNICIPAL FUND CLASS (C)
       
<S>                             <C>
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          SEP-30-1995
<PERIOD-END>                               MAR-31-1995
<INVESTMENTS-AT-COST>                       11,335,456
<INVESTMENTS-AT-VALUE>                      11,463,754
<RECEIVABLES>                                  373,336
<ASSETS-OTHER>                                  87,832
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                              11,924,922
<PAYABLE-FOR-SECURITIES>                             0
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                       55,821
<TOTAL-LIABILITIES>                             55,821
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                         9,707
<SHARES-COMMON-STOCK>                              799
<SHARES-COMMON-PRIOR>                            9,422
<ACCUMULATED-NII-CURRENT>                            0
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                      (107,575)
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                       128,298
<NET-ASSETS>                                11,869,101
<DIVIDEND-INCOME>                                    0
<INTEREST-INCOME>                              305,100
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                (19,611)
<NET-INVESTMENT-INCOME>                        285,489
<REALIZED-GAINS-CURRENT>                      (76,890)
<APPREC-INCREASE-CURRENT>                      257,326
<NET-CHANGE-FROM-OPS>                          465,925
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                          834
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                          2,693
<NUMBER-OF-SHARES-REDEEMED>                     11,346
<SHARES-REINVESTED>                                 30
<NET-CHANGE-IN-ASSETS>                       3,663,982
<ACCUMULATED-NII-PRIOR>                              0
<ACCUMULATED-GAINS-PRIOR>                     (30,685)
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                         (32,265)
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                               (90,725)
<AVERAGE-NET-ASSETS>                        10,416,850
<PER-SHARE-NAV-BEGIN>                            11.54
<PER-SHARE-NII>                                    .28
<PER-SHARE-GAIN-APPREC>                            .16
<PER-SHARE-DIVIDEND>                             (.28)
<PER-SHARE-DISTRIBUTIONS>                            0
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              11.70
<EXPENSE-RATIO>                                   1.11
<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> 0000816153
<NAME> THORNBURG INCOME TRUST
<SERIES>
   <NUMBER> 1
   <NAME> THORNBURG LIMITED TERM U.S. GOVERNMENT FUND CLASS (A)
       
<S>                             <C>
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          SEP-30-1995
<PERIOD-END>                               MAR-31-1995
<INVESTMENTS-AT-COST>                      141,080,080
<INVESTMENTS-AT-VALUE>                     140,931,794
<RECEIVABLES>                                2,036,341
<ASSETS-OTHER>                                 288,055
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                             143,256,190
<PAYABLE-FOR-SECURITIES>                             0
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                      904,687
<TOTAL-LIABILITIES>                            904,687
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                   136,541,285
<SHARES-COMMON-STOCK>                       11,644,478
<SHARES-COMMON-PRIOR>                       14,744,174
<ACCUMULATED-NII-CURRENT>                            0
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                    (7,518,303)
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                     (148,286)
<NET-ASSETS>                               142,351,503
<DIVIDEND-INCOME>                                    0
<INTEREST-INCOME>                            5,837,782
<OTHER-INCOME>                                       0
<EXPENSES-NET>                               (780,520)
<NET-INVESTMENT-INCOME>                      5,057,262
<REALIZED-GAINS-CURRENT>                   (2,377,091)
<APPREC-INCREASE-CURRENT>                    2,443,113
<NET-CHANGE-FROM-OPS>                           66,022
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                    5,011,103
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                        425,079
<NUMBER-OF-SHARES-REDEEMED>                  3,815,866
<SHARES-REINVESTED>                            219,091
<NET-CHANGE-IN-ASSETS>                    (36,119,939)
<ACCUMULATED-NII-PRIOR>                              0
<ACCUMULATED-GAINS-PRIOR>                  (5,141,212)
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                        (399,545)
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                              (793,515)
<AVERAGE-NET-ASSETS>                       159,481,534
<PER-SHARE-NAV-BEGIN>                            12.03
<PER-SHARE-NII>                                    .38
<PER-SHARE-GAIN-APPREC>                            .04
<PER-SHARE-DIVIDEND>                             (.38)
<PER-SHARE-DISTRIBUTIONS>                            0
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              12.07
<EXPENSE-RATIO>                                    .97
<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> 0000816153
<NAME> THORNBURG INCOME TRUST
<SERIES>
   <NUMBER> 1
   <NAME> THORNBURG LIMITED TERM U.S. GOVERNMENT FUND CLASS (B)
       
<S>                             <C>
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          SEP-30-1995
<PERIOD-END>                               MAR-31-1995
<INVESTMENTS-AT-COST>                      141,080,080
<INVESTMENTS-AT-VALUE>                     140,931,794
<RECEIVABLES>                                2,036,341
<ASSETS-OTHER>                                 288,055
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                             143,256,190
<PAYABLE-FOR-SECURITIES>                             0
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                      904,687
<TOTAL-LIABILITIES>                            904,687
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                       485,995
<SHARES-COMMON-STOCK>                           44,447
<SHARES-COMMON-PRIOR>                            2,228
<ACCUMULATED-NII-CURRENT>                            0
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                    (7,518,303)
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                     (148,286)
<NET-ASSETS>                               142,351,503
<DIVIDEND-INCOME>                                    0
<INTEREST-INCOME>                            5,837,782
<OTHER-INCOME>                                       0
<EXPENSES-NET>                               (780,520)
<NET-INVESTMENT-INCOME>                      5,057,262
<REALIZED-GAINS-CURRENT>                   (2,377,091)
<APPREC-INCREASE-CURRENT>                    2,443,113
<NET-CHANGE-FROM-OPS>                           66,022
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                       11,484
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                         49,428
<NUMBER-OF-SHARES-REDEEMED>                      8,051
<SHARES-REINVESTED>                                842
<NET-CHANGE-IN-ASSETS>                    (36,119,939)
<ACCUMULATED-NII-PRIOR>                              0
<ACCUMULATED-GAINS-PRIOR>                  (5,141,212)
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                        (399,545)
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                              (793,515)
<AVERAGE-NET-ASSETS>                       159,481,534
<PER-SHARE-NAV-BEGIN>                            12.07
<PER-SHARE-NII>                                    .35
<PER-SHARE-GAIN-APPREC>                            .04
<PER-SHARE-DIVIDEND>                             (.35)
<PER-SHARE-DISTRIBUTIONS>                            0
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              12.11 
<EXPENSE-RATIO>                                   1.51
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        

</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000816153
<NAME> THORNBURG INCOME TRUST
<SERIES>
   <NUMBER> 1
   <NAME> THORNBURG LIMITED TERM U.S. GOVERNMENT FUND CLASS (C)
       
<S>                             <C>
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          SEP-30-1995
<PERIOD-END>                               MAR-31-1995
<INVESTMENTS-AT-COST>                      141,080,080
<INVESTMENTS-AT-VALUE>                     140,931,794
<RECEIVABLES>                                2,036,341
<ASSETS-OTHER>                                 288,055
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                             143,256,190
<PAYABLE-FOR-SECURITIES>                             0
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                      904,687
<TOTAL-LIABILITIES>                            904,687
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                     1,194,007
<SHARES-COMMON-STOCK>                          107,879
<SHARES-COMMON-PRIOR>                           83,187
<ACCUMULATED-NII-CURRENT>                            0
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                    (7,518,303)
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                     (148,286)
<NET-ASSETS>                               142,351,503
<DIVIDEND-INCOME>                                    0
<INTEREST-INCOME>                            5,837,782
<OTHER-INCOME>                                       0
<EXPENSES-NET>                               (780,520)
<NET-INVESTMENT-INCOME>                      5,057,262
<REALIZED-GAINS-CURRENT>                   (2,377,091)
<APPREC-INCREASE-CURRENT>                    2,443,113
<NET-CHANGE-FROM-OPS>                           66,022
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                       34,675
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                         48,215
<NUMBER-OF-SHARES-REDEEMED>                     26,339
<SHARES-REINVESTED>                              2,817
<NET-CHANGE-IN-ASSETS>                    (36,119,939)
<ACCUMULATED-NII-PRIOR>                              0
<ACCUMULATED-GAINS-PRIOR>                  (5,141,212)
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                        (399,545)
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                              (793,515)
<AVERAGE-NET-ASSETS>                       159,481,534
<PER-SHARE-NAV-BEGIN>                            12.08
<PER-SHARE-NII>                                    .35
<PER-SHARE-GAIN-APPREC>                            .04
<PER-SHARE-DIVIDEND>                             (.35)
<PER-SHARE-DISTRIBUTIONS>                            0
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              12.12
<EXPENSE-RATIO>                                   1.51
<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> 0000816153
<NAME> THORNBURG INCOME TRUST
<SERIES>
   <NUMBER> 4
   <NAME> THORNBURG LIMITED TERM INCOME FUND CLASS (A)
       
<S>                             <C>
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          SEP-30-1995
<PERIOD-END>                               MAR-31-1995
<INVESTMENTS-AT-COST>                       20,453,650
<INVESTMENTS-AT-VALUE>                      20,075,218
<RECEIVABLES>                                  371,147
<ASSETS-OTHER>                                 163,200
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                              20,609,565
<PAYABLE-FOR-SECURITIES>                             0
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                      163,494
<TOTAL-LIABILITIES>                            163,494
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                    19,617,298
<SHARES-COMMON-STOCK>                        1,725,439
<SHARES-COMMON-PRIOR>                        1,833,507
<ACCUMULATED-NII-CURRENT>                            0
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                        908,735
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                     (378,432)
<NET-ASSETS>                                20,446,071
<DIVIDEND-INCOME>                                    0
<INTEREST-INCOME>                              756,187
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                (80,703)
<NET-INVESTMENT-INCOME>                        675,484
<REALIZED-GAINS-CURRENT>                     (318,638)
<APPREC-INCREASE-CURRENT>                     (68,589)
<NET-CHANGE-FROM-OPS>                          288,257
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                      667,917
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                        146,274
<NUMBER-OF-SHARES-REDEEMED>                    289,678
<SHARES-REINVESTED>                             35,499
<NET-CHANGE-IN-ASSETS>                     (1,300,783)
<ACCUMULATED-NII-PRIOR>                              0
<ACCUMULATED-GAINS-PRIOR>                    (590,097)
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                         (64,770)
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                              (176,892)
<AVERAGE-NET-ASSETS>                        20,754,725
<PER-SHARE-NAV-BEGIN>                            11.83
<PER-SHARE-NII>                                    .38
<PER-SHARE-GAIN-APPREC>                          (.21)
<PER-SHARE-DIVIDEND>                             (.38)
<PER-SHARE-DISTRIBUTIONS>                            0
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              11.62
<EXPENSE-RATIO>                                    .77
<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> 0000816153
<NAME> THORNBURG INCOME TRUST
<SERIES>
   <NUMBER> 4
   <NAME> THORNBURG LIMITED TERM INCOME FUND CLASS (B)
       
<S>                             <C>
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          SEP-30-1995
<PERIOD-END>                               MAR-31-1995
<INVESTMENTS-AT-COST>                       20,453,650
<INVESTMENTS-AT-VALUE>                      20,075,218
<RECEIVABLES>                                  371,147
<ASSETS-OTHER>                                 163,200
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                              20,609,565
<PAYABLE-FOR-SECURITIES>                             0
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                      163,494
<TOTAL-LIABILITIES>                            163,494
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                           159
<SHARES-COMMON-STOCK>                               10
<SHARES-COMMON-PRIOR>                                9
<ACCUMULATED-NII-CURRENT>                            0
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                        908,735
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                     (378,432)
<NET-ASSETS>                                20,446,071
<DIVIDEND-INCOME>                                    0
<INTEREST-INCOME>                              756,187
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                (80,703)
<NET-INVESTMENT-INCOME>                        675,484
<REALIZED-GAINS-CURRENT>                     (318,638)
<APPREC-INCREASE-CURRENT>                     (68,589)
<NET-CHANGE-FROM-OPS>                          288,257
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                            7
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                              0
<NUMBER-OF-SHARES-REDEEMED>                          0
<SHARES-REINVESTED>                                  1
<NET-CHANGE-IN-ASSETS>                     (1,300,783)
<ACCUMULATED-NII-PRIOR>                              0
<ACCUMULATED-GAINS-PRIOR>                    (590,097)
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                         (64,770)
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                              (176,892)
<AVERAGE-NET-ASSETS>                        20,754,725
<PER-SHARE-NAV-BEGIN>                            11.82
<PER-SHARE-NII>                                    .37
<PER-SHARE-GAIN-APPREC>                          (.15)
<PER-SHARE-DIVIDEND>                             (.37)
<PER-SHARE-DISTRIBUTIONS>                            0
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              11.63
<EXPENSE-RATIO>                                   1.28
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        

</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000816153
<NAME> THORNBURG INCOME TRUST
<SERIES>
   <NUMBER> 4
   <NAME> THORNBURG LIMITED TERM INCOME FUND CLASS (C)
       
<S>                             <C>
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          SEP-30-1995
<PERIOD-END>                               MAR-31-1995
<INVESTMENTS-AT-COST>                       20,453,650
<INVESTMENTS-AT-VALUE>                      20,075,218
<RECEIVABLES>                                  371,147
<ASSETS-OTHER>                                 163,200
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                              20,609,565
<PAYABLE-FOR-SECURITIES>                             0
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                      163,494
<TOTAL-LIABILITIES>                            163,494
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                       356,207
<SHARES-COMMON-STOCK>                           33,656
<SHARES-COMMON-PRIOR>                            4,527
<ACCUMULATED-NII-CURRENT>                            0
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                        908,735
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                     (378,432)
<NET-ASSETS>                                20,446,071
<DIVIDEND-INCOME>                                    0
<INTEREST-INCOME>                              756,187
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                (80,703)
<NET-INVESTMENT-INCOME>                        675,484
<REALIZED-GAINS-CURRENT>                     (318,638)
<APPREC-INCREASE-CURRENT>                     (68,589)
<NET-CHANGE-FROM-OPS>                          288,257
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                          909
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                         29,909
<NUMBER-OF-SHARES-REDEEMED>                      1,429
<SHARES-REINVESTED>                                649
<NET-CHANGE-IN-ASSETS>                     (1,300,783)
<ACCUMULATED-NII-PRIOR>                              0
<ACCUMULATED-GAINS-PRIOR>                    (590,097)
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                         (64,770)
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                              (176,892)
<AVERAGE-NET-ASSETS>                        20,754,725
<PER-SHARE-NAV-BEGIN>                            11.78
<PER-SHARE-NII>                                    .34
<PER-SHARE-GAIN-APPREC>                          (.19)
<PER-SHARE-DIVIDEND>                             (.34)
<PER-SHARE-DISTRIBUTIONS>                            0
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              11.59
<EXPENSE-RATIO>                                   1.28
<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> 0000816153
<NAME> THORNBURG INCOME TRUST
<SERIES>
   <NUMBER> 3
   <NAME> THORNBURG INTERMEDIATE MUNICIPAL FUND CLASS (A)
       
<S>                             <C>
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          SEP-30-1995
<PERIOD-END>                               MAR-31-1995
<INVESTMENTS-AT-COST>                      207,107,162
<INVESTMENTS-AT-VALUE>                     212,787,027
<RECEIVABLES>                                8,632,481
<ASSETS-OTHER>                               2,327,889
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                             223,747,397
<PAYABLE-FOR-SECURITIES>                     5,858,141
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                    1,117,366
<TOTAL-LIABILITIES>                          6,975,507
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                   195,026,330
<SHARES-COMMON-STOCK>                       16,588,310
<SHARES-COMMON-PRIOR>                       16,323,587
<ACCUMULATED-NII-CURRENT>                            0
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                    (3,164,196)
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                     5,679,865
<NET-ASSETS>                               216,771,890
<DIVIDEND-INCOME>                                    0
<INTEREST-INCOME>                            6,556,581
<OTHER-INCOME>                                       0
<EXPENSES-NET>                             (1,037,717)
<NET-INVESTMENT-INCOME>                      5,518,864
<REALIZED-GAINS-CURRENT>                   (1,956,995)
<APPREC-INCREASE-CURRENT>                    4,946,807
<NET-CHANGE-FROM-OPS>                        8,508,676
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                    5,480,691
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                      1,815,886
<NUMBER-OF-SHARES-REDEEMED>                  1,806,826
<SHARES-REINVESTED>                            255,664
<NET-CHANGE-IN-ASSETS>                       8,572,295
<ACCUMULATED-NII-PRIOR>                              0
<ACCUMULATED-GAINS-PRIOR>                    (948,805)
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                        (645,217)
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                            (1,140,322)
<AVERAGE-NET-ASSETS>                       207,116,332
<PER-SHARE-NAV-BEGIN>                            12.73
<PER-SHARE-NII>                                    .34
<PER-SHARE-GAIN-APPREC>                            .17
<PER-SHARE-DIVIDEND>                             (.34)
<PER-SHARE-DISTRIBUTIONS>                            0
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              12.90
<EXPENSE-RATIO>                                   1.00
<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> 0000816153
<NAME> THORNBURG INCOME TRUST
<SERIES>
   <NUMBER> 3
   <NAME> THORNBURG INTERMEDIATE MUNICIPAL FUND CLASS (B)
       
<S>                             <C>
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          SEP-30-1995
<PERIOD-END>                               MAR-31-1995
<INVESTMENTS-AT-COST>                      207,107,162
<INVESTMENTS-AT-VALUE>                     212,787,027
<RECEIVABLES>                                8,632,481
<ASSETS-OTHER>                               2,327,889
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                             223,747,397
<PAYABLE-FOR-SECURITIES>                     5,858,141
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                    1,117,366
<TOTAL-LIABILITIES>                          6,975,507
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                       634,367
<SHARES-COMMON-STOCK>                           53,631
<SHARES-COMMON-PRIOR>                           26,895
<ACCUMULATED-NII-CURRENT>                            0
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                    (3,164,196)
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                     5,679,865
<NET-ASSETS>                               216,771,890
<DIVIDEND-INCOME>                                    0
<INTEREST-INCOME>                            6,556,581
<OTHER-INCOME>                                       0
<EXPENSES-NET>                             (1,037,717)
<NET-INVESTMENT-INCOME>                      5,518,864
<REALIZED-GAINS-CURRENT>                   (1,956,995)
<APPREC-INCREASE-CURRENT>                    4,946,807
<NET-CHANGE-FROM-OPS>                        8,508,676
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                        9,853
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                         45,866
<NUMBER-OF-SHARES-REDEEMED>                     19,749
<SHARES-REINVESTED>                                617
<NET-CHANGE-IN-ASSETS>                       8,572,295
<ACCUMULATED-NII-PRIOR>                              0
<ACCUMULATED-GAINS-PRIOR>                    (948,805)
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                        (645,217)
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                            (1,140,322)
<AVERAGE-NET-ASSETS>                       207,116,332
<PER-SHARE-NAV-BEGIN>                            12.73
<PER-SHARE-NII>                                    .30
<PER-SHARE-GAIN-APPREC>                            .16
<PER-SHARE-DIVIDEND>                             (.30)
<PER-SHARE-DISTRIBUTIONS>                            0
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              12.89
<EXPENSE-RATIO>                                   1.65
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        

</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000816153
<NAME> THORNBURG INCOME TRUST
<SERIES>
   <NUMBER> 3
   <NAME> THORNBURG INTERMEDIATE MUNICIPAL FUND CLASS (C)
       
<S>                             <C>
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          SEP-30-1995
<PERIOD-END>                               MAR-31-1995
<INVESTMENTS-AT-COST>                      207,107,162
<INVESTMENTS-AT-VALUE>                     212,787,027
<RECEIVABLES>                                8,632,481
<ASSETS-OTHER>                               2,327,889
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                             223,747,397
<PAYABLE-FOR-SECURITIES>                     5,858,141
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                    1,117,366
<TOTAL-LIABILITIES>                          6,975,507
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                     1,797,509
<SHARES-COMMON-STOCK>                          156,075
<SHARES-COMMON-PRIOR>                           10,909
<ACCUMULATED-NII-CURRENT>                            0
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                    (3,164,196)
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                     5,679,865
<NET-ASSETS>                               216,771,890
<DIVIDEND-INCOME>                                    0
<INTEREST-INCOME>                            6,556,581
<OTHER-INCOME>                                       0
<EXPENSES-NET>                             (1,037,717)
<NET-INVESTMENT-INCOME>                      5,518,864
<REALIZED-GAINS-CURRENT>                   (1,956,995)
<APPREC-INCREASE-CURRENT>                    4,946,807
<NET-CHANGE-FROM-OPS>                        8,508,676
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                       28,320
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                        150,023
<NUMBER-OF-SHARES-REDEEMED>                      6,727
<SHARES-REINVESTED>                              1,870
<NET-CHANGE-IN-ASSETS>                       8,572,295
<ACCUMULATED-NII-PRIOR>                              0
<ACCUMULATED-GAINS-PRIOR>                    (948,805)
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                        (645,217)
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                            (1,140,322)
<AVERAGE-NET-ASSETS>                       207,116,332
<PER-SHARE-NAV-BEGIN>                            12.73
<PER-SHARE-NII>                                    .29
<PER-SHARE-GAIN-APPREC>                            .19
<PER-SHARE-DIVIDEND>                             (.29)
<PER-SHARE-DISTRIBUTIONS>                            0
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              12.92
<EXPENSE-RATIO>                                   1.66
<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> 0000816153
<NAME> THORNBURG INCOME TRUST
<SERIES>
   <NUMBER> 2
   <NAME> THORNBURG NEW MEXICO INTERMEDIATE MUNICIPAL FUND CLASS (A)
       
<S>                             <C>
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          SEP-30-1995
<PERIOD-END>                               MAR-31-1995
<INVESTMENTS-AT-COST>                      134,173,410
<INVESTMENTS-AT-VALUE>                     136,917,564
<RECEIVABLES>                                2,390,272
<ASSETS-OTHER>                                 112,907
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                             139,420,743
<PAYABLE-FOR-SECURITIES>                             0
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                      461,214
<TOTAL-LIABILITIES>                            461,214
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                   125,759,739
<SHARES-COMMON-STOCK>                       10,735,970
<SHARES-COMMON-PRIOR>                       11,312,926
<ACCUMULATED-NII-CURRENT>                            0
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                      (681,901)
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                     2,744,154
<NET-ASSETS>                               138,959,529
<DIVIDEND-INCOME>                                    0
<INTEREST-INCOME>                            3,928,375
<OTHER-INCOME>                                       0
<EXPENSES-NET>                               (684,514)
<NET-INVESTMENT-INCOME>                      3,243,861
<REALIZED-GAINS-CURRENT>                     (489,456)
<APPREC-INCREASE-CURRENT>                    2,248,602
<NET-CHANGE-FROM-OPS>                        5,003,007
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                    3,239,403
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                        947,584
<NUMBER-OF-SHARES-REDEEMED>                  1,688,298
<SHARES-REINVESTED>                            163,758
<NET-CHANGE-IN-ASSETS>                     (5,090,349)
<ACCUMULATED-NII-PRIOR>                              0
<ACCUMULATED-GAINS-PRIOR>                    (192,445)
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                        (427,381)
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                              (739,644)
<AVERAGE-NET-ASSETS>                       136,915,039
<PER-SHARE-NAV-BEGIN>                            12.72
<PER-SHARE-NII>                                    .30
<PER-SHARE-GAIN-APPREC>                            .19
<PER-SHARE-DIVIDEND>                             (.30)
<PER-SHARE-DISTRIBUTIONS>                            0
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              12.91
<EXPENSE-RATIO>                                   1.00
<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> 0000816153
<NAME> THORNBURG INCOME TRUST
<SERIES>
   <NUMBER> 2
   <NAME> THORNBURG NEW MEXICO INTERMEDIATE MUNICIPAL FUND (B)
       
<S>                             <C>
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          SEP-30-1995
<PERIOD-END>                               MAR-31-1995
<INVESTMENTS-AT-COST>                      134,173,410
<INVESTMENTS-AT-VALUE>                     136,917,564
<RECEIVABLES>                                2,390,272
<ASSETS-OTHER>                                 112,907
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                             139,420,743
<PAYABLE-FOR-SECURITIES>                             0
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                      461,214
<TOTAL-LIABILITIES>                            461,214
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                       301,726
<SHARES-COMMON-STOCK>                           25,646
<SHARES-COMMON-PRIOR>                            6,341
<ACCUMULATED-NII-CURRENT>                            0
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                      (681,901)
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                     2,744,154
<NET-ASSETS>                               138,959,529
<DIVIDEND-INCOME>                                    0
<INTEREST-INCOME>                            3,928,375
<OTHER-INCOME>                                       0
<EXPENSES-NET>                               (684,514)
<NET-INVESTMENT-INCOME>                      3,243,861
<REALIZED-GAINS-CURRENT>                     (489,456)
<APPREC-INCREASE-CURRENT>                    2,248,602
<NET-CHANGE-FROM-OPS>                        5,003,007
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                        3,129
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                         21,102
<NUMBER-OF-SHARES-REDEEMED>                      1,940
<SHARES-REINVESTED>                                143
<NET-CHANGE-IN-ASSETS>                     (5,090,349)
<ACCUMULATED-NII-PRIOR>                              0
<ACCUMULATED-GAINS-PRIOR>                    (192,445)
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
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<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                              (739,644)
<AVERAGE-NET-ASSETS>                       136,915,039
<PER-SHARE-NAV-BEGIN>                            12.72
<PER-SHARE-NII>                                    .26
<PER-SHARE-GAIN-APPREC>                            .19
<PER-SHARE-DIVIDEND>                             (.26)
<PER-SHARE-DISTRIBUTIONS>                            0
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              12.91
<EXPENSE-RATIO>                                   1.64
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        

</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000816153
<NAME> THORNBURG INCOME TRUST
<SERIES>
   <NUMBER> 2
   <NAME> THORNBURG NEW MEXICO INTERMEDIATE MUNICIPAL FUND CLASS (C)
       
<S>                             <C>
<PERIOD-TYPE>                   6-MOS
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<PERIOD-END>                               MAR-31-1995
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<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                             139,420,743
<PAYABLE-FOR-SECURITIES>                             0
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<SENIOR-EQUITY>                                      0
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<SHARES-COMMON-STOCK>                            5,790
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<EQUALIZATION>                                       0
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<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                          1,014
<NUMBER-OF-SHARES-REDEEMED>                          0
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<NET-CHANGE-IN-ASSETS>                     (5,090,349)
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<GROSS-EXPENSE>                              (739,644)
<AVERAGE-NET-ASSETS>                       136,915,039
<PER-SHARE-NAV-BEGIN>                            12.71
<PER-SHARE-NII>                                    .26
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<PER-SHARE-DIVIDEND>                             (.26)
<PER-SHARE-DISTRIBUTIONS>                            0
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              12.90
<EXPENSE-RATIO>                                   1.66
<AVG-DEBT-OUTSTANDING>                               0
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</TABLE>


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