THORNBURG INVESTMENT TRUST
NSAR-B, 1997-11-28
Previous: SELIGMAN NEW JERSEY MUNICIPAL FUND INC, N-30D, 1997-11-28
Next: THORNBURG INVESTMENT TRUST, N-30D, 1997-11-28



<PAGE>      PAGE  1
000 B000000 09/30/97
000 C000000 0000816153
000 D000000 N
000 E000000 NF
000 F000000 Y
000 G000000 N
000 H000000 N
000 I000000 3.0
000 J000000 A
001 A000000 THORNBURG INVESTMENT TRUST
001 B000000 811-5201
001 C000000 5059840200
002 A000000 119 E. MARCY ST., 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  6
007 C010100  1
007 C020100 THORNBURG LIMITED TERM U.S. GOVERNMENT
007 C030100 N
007 C010200  2
007 C020200 THORNBURG NEW MEXICO INTERMEDIATE MUNICIPAL
007 C030200 N
007 C010300  3
007 C020300 THORNBURG INTERMEDIATE MUNICIPAL - NATIONAL
007 C030300 N
007 C010400  4
007 C020400 THORNBURG LIMITED TERM INCOME
007 C030400 N
007 C010500  5
007 C020500 THORNBURG VALUE
007 C030500 N
007 C010600  6
007 C020600 THORNBURG FLORIDA INTERMEDIATE MUNICIPAL
007 C030600 N
007 C010700  7
007 C010800  8
007 C010900  9
007 C011000 10
008 A00AA01 THORNBURG MANAGEMENT COMPANY
008 B00AA01 A
008 C00AA01 801-17853
008 D01AA01 SANTA FE
008 D02AA01 NM
008 D03AA01 87501
011 A00AA01 THORNBURG SECURITIES CORPORATION
<PAGE>      PAGE  2
011 B00AA01 8-31249
011 C01AA01 SANTA FE
011 C02AA01 NM
011 C03AA01 87501
013 A00AA01 MCGLADREY & PULLEN
013 B01AA01 NEW YORK
013 B02AA01 NY
013 B03AA01 10017
015 A00AA01 STATE STREET BANK & TRUST
015 B00AA01 C
015 C01AA01 NORTH QUINCY
015 C02AA01 MA
015 C03AA01 02171
015 E06AA01 X
018  00AA00 Y
019 A00AA00 Y
019 B00AA00    9
019 C00AA00 -THORNBURG
020 A000001 ALEX BROWN & SONS
020 B000001 13-3299429
020 C000001     16
020 A000002 RAYMOND JAMES
020 B000002 59-1237041
020 C000002     12
020 A000003 MCDONALD & CO
020 B000003 34-1391952
020 C000003     12
020 A000004 PAINE WEBBER
020 B000004 13-2638166
020 C000004     11
020 A000005 CS FIRST BOSTON
020 B000005 13-5659485
020 C000005     11
020 A000006 A.G. EDWARDS
020 B000006 43-0895447
020 C000006      9
020 A000007 LEHMAN BROS
020 B000007 13-2726611
020 C000007      9
020 A000008 BEAR STEARNS
020 B000008 13-3299429
020 C000008      8
020 A000009 MERRILL LYNCH
020 B000009 13-5674085
020 C000009      8
020 A000010 DONALDSON LUFKIN & JENRETTE
020 B000010 13-2741729
020 C000010      8
021  000000      186
022 A000001 MERRILL LYNCH
022 B000001 13-5674085
<PAGE>      PAGE  3
022 C000001    161723
022 D000001      1209
022 A000002 PAINE WEBBER INCORPORATED
022 B000002 13-2638166
022 C000002     60544
022 D000002     45717
022 A000003 MORGAN STANLEY
022 B000003 13-2655998
022 C000003     28094
022 D000003     27300
022 A000004 LEHMAN BROS
022 B000004 13-2726611
022 C000004     14734
022 D000004     19993
022 A000005 NUVEEN & COMPANY
022 B000005 36-2639476
022 C000005     13906
022 D000005     27787
022 A000006 GRUNTAL & CO
022 B000006 13-3201805
022 C000006     25898
022 D000006      1276
022 A000007 PRUDENTIAL SECURITIES
022 B000007 22-2347336
022 C000007     17843
022 D000007      5687
022 A000008 DONALDSON LUFKIN & JENRETTE
022 B000008 13-2741729
022 C000008      3137
022 D000008     20929
022 A000009 A.G. EDWARDS
022 B000009 43-0895447
022 C000009      7428
022 D000009     17493
022 A000010 GX CLARKE & CO.
022 B000010 13-2969143
022 C000010     11696
022 D000010      4683
023 C000000     668958
023 D000000     506646
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 N
<PAGE>      PAGE  4
026 C000000 N
026 D000000 Y
026 E000000 N
026 F000000 N
026 G010000 N
026 G020000 N
026 H000000 N
027  000000 Y
037  00AA00 N
038  00AA00      0
039  00AA00 Y
040  00AA00 Y
041  00AA00 Y
049  00AA00 N
050  00AA00 N
051  00AA00 N
052  00AA00 N
053 A00AA00 Y
053 B00AA00 Y
053 C00AA00 N
054 A00AA00 Y
054 B00AA00 N
054 C00AA00 N
054 D00AA00 N
054 E00AA00 N
054 F00AA00 N
054 G00AA00 Y
054 H00AA00 N
054 I00AA00 N
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     5000
070 A01AA00 Y
070 A02AA00 Y
070 B01AA00 N
070 B02AA00 N
070 C01AA00 Y
070 C02AA00 Y
070 D01AA00 N
<PAGE>      PAGE  5
070 D02AA00 N
070 E01AA00 Y
070 E02AA00 N
070 F01AA00 N
070 F02AA00 N
070 G01AA00 N
070 G02AA00 N
070 H01AA00 N
070 H02AA00 N
070 I01AA00 Y
070 I02AA00 N
070 J01AA00 N
070 J02AA00 N
070 K01AA00 N
070 K02AA00 N
070 L01AA00 Y
070 L02AA00 Y
070 M01AA00 Y
070 M02AA00 Y
070 N01AA00 Y
070 N02AA00 Y
070 O01AA00 Y
070 O02AA00 Y
070 P01AA00 N
070 P02AA00 N
070 Q01AA00 N
070 Q02AA00 N
070 R01AA00 Y
070 R02AA00 N
077 A000000 Y
077 B000000 Y
077 C000000 N
077 D000000 N
077 E000000 N
077 F000000 N
077 G000000 N
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 NATIONAL UNION FIRE
080 C00AA00     4000
<PAGE>      PAGE  6
081 A00AA00 Y
081 B00AA00   2
082 A00AA00 Y
082 B00AA00       50
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
028 A010100      2382
028 A020100       480
028 A030100         0
028 A040100      4002
028 B010100      2156
028 B020100       484
028 B030100         0
028 B040100      3285
028 C010100       919
028 C020100       474
028 C030100         0
028 C040100      1829
028 D010100      2181
028 D020100       462
028 D030100         0
028 D040100      2891
028 E010100      1881
028 E020100       472
028 E030100         0
028 E040100      2799
028 F010100      6514
028 F020100       472
028 F030100         0
028 F040100      2720
028 G010100     16033
028 G020100      2844
028 G030100         0
028 G040100     17526
028 H000100      3967
<PAGE>      PAGE  7
029  000100 Y
030 A000100    123
030 B000100  2.50
030 C000100  0.00
031 A000100     18
031 B000100      0
032  000100    105
033  000100      0
034  000100 Y
035  000100      2
036 A000100 Y
036 B000100      0
042 A000100   0
042 B000100   0
042 C000100   0
042 D000100 100
042 E000100   0
042 F000100   0
042 G000100   0
042 H000100   0
043  000100    370
044  000100      0
045  000100 Y
046  000100 N
047  000100 Y
048  000100  0.000
048 A010100  1000000
048 A020100 0.375
048 B010100  1000000
048 B020100 0.325
048 C010100        0
048 C020100 0.000
048 D010100        0
048 D020100 0.000
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  2000000
048 K020100 0.275
062 A000100 Y
062 B000100   0.0
062 C000100   0.0
<PAGE>      PAGE  8
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  47.3
062 N000100  52.7
062 O000100   0.0
062 P000100   0.0
062 Q000100   0.0
062 R000100   0.0
063 A000100   0
063 B000100  3.9
064 A000100 Y
064 B000100 N
066 A000100 N
067  000100 N
068 A000100 N
068 B000100 N
069  000100 N
071 A000100     57514
071 B000100     58518
071 C000100    139925
071 D000100   41
072 A000100 12
072 B000100     9957
072 C000100        0
072 D000100        0
072 E000100        0
072 F000100      529
072 G000100      176
072 H000100        0
072 I000100      144
072 J000100      109
072 K000100        0
072 L000100        0
072 M000100        6
072 N000100       50
072 O000100        0
072 P000100        0
072 Q000100       15
072 R000100       17
072 S000100       12
072 T000100      370
072 U000100        0
072 V000100        0
072 W000100       20
<PAGE>      PAGE  9
072 X000100     1448
072 Y000100       61
072 Z000100     8570
072AA000100      280
072BB000100        0
072CC010100      582
072CC020100        0
072DD010100     8570
072DD020100        0
072EE000100        0
073 A010100   0.7500
073 A020100   0.0000
073 B000100   0.0000
073 C000100   0.0000
074 A000100      875
074 B000100        0
074 C000100        0
074 D000100   140715
074 E000100        0
074 F000100        0
074 G000100        0
074 H000100        0
074 I000100        0
074 J000100        0
074 K000100        0
074 L000100     2201
074 M000100       23
074 N000100   143814
074 O000100        0
074 P000100       43
074 Q000100        0
074 R010100        0
074 R020100        0
074 R030100        0
074 R040100      498
074 S000100        0
074 T000100   143273
074 U010100    11634
074 U020100        0
074 V010100    12.31
074 V020100     0.00
074 W000100   0.0000
074 X000100     3876
074 Y000100        0
075 A000100        0
075 B000100   141152
076  000100     0.00
028 A010200      1885
028 A020200       333
028 A030200         0
028 A040200      3142
<PAGE>      PAGE  10
028 B010200      2120
028 B020200       330
028 B030200         0
028 B040200      1159
028 C010200      4421
028 C020200       334
028 C030200         0
028 C040200      1995
028 D010200      1694
028 D020200       330
028 D030200         0
028 D040200       780
028 E010200      7685
028 E020200       351
028 E030200         0
028 E040200       984
028 F010200      3308
028 F020200       347
028 F030200         0
028 F040200      2803
028 G010200     21113
028 G020200      2025
028 G030200         0
028 G040200     10863
028 H000200     14449
029  000200 Y
030 A000200    319
030 B000200  3.50
030 C000200  0.00
031 A000200     37
031 B000200      0
032  000200    282
033  000200      0
034  000200 N
035  000200      0
036 B000200      0
042 A000200   0
042 B000200   0
042 C000200   0
042 D000200 100
042 E000200   0
042 F000200   0
042 G000200   0
042 H000200   0
043  000200    329
044  000200      0
045  000200 Y
046  000200 N
047  000200 Y
048  000200  0.000
048 A010200   500000
<PAGE>      PAGE  11
048 A020200 0.500
048 B010200   500000
048 B020200 0.450
048 C010200   500000
048 C020200 0.400
048 D010200   500000
048 D020200 0.350
048 E010200        0
048 E020200 0.000
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  2000000
048 K020200 0.275
062 A000200 Y
062 B000200   0.0
062 C000200   0.0
062 D000200   0.0
062 E000200   5.2
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   0.0
062 M000200   0.0
062 N000200   0.0
062 O000200  94.8
062 P000200   0.0
062 Q000200   0.0
062 R000200   0.0
063 A000200   0
063 B000200  6.0
064 A000200 Y
064 B000200 N
066 A000200 N
067  000200 N
068 A000200 N
068 B000200 N
069  000200 N
071 A000200     20197
071 B000200     13123
071 C000200    130455
<PAGE>      PAGE  12
071 D000200   10
072 A000200 12
072 B000200     7857
072 C000200        0
072 D000200        0
072 E000200        0
072 F000200      669
072 G000200      167
072 H000200        0
072 I000200       80
072 J000200       99
072 K000200        0
072 L000200        0
072 M000200        5
072 N000200        1
072 O000200        0
072 P000200        0
072 Q000200       13
072 R000200       15
072 S000200       10
072 T000200      329
072 U000200        0
072 V000200        0
072 W000200       11
072 X000200     1399
072 Y000200       62
072 Z000200     6520
072AA000200       47
072BB000200        0
072CC010200     1882
072CC020200        0
072DD010200     6520
072DD020200        0
072EE000200        0
073 A010200   0.6400
073 A020200   0.0000
073 B000200   0.0000
073 C000200   0.0000
074 A000200       72
074 B000200        0
074 C000200        0
074 D000200   144965
074 E000200        0
074 F000200        0
074 G000200        0
074 H000200        0
074 I000200        0
074 J000200        0
074 K000200        0
074 L000200     2381
074 M000200        1
<PAGE>      PAGE  13
074 N000200   147419
074 O000200     1105
074 P000200       70
074 Q000200        0
074 R010200        0
074 R020200        0
074 R030200        0
074 R040200      394
074 S000200        0
074 T000200   145850
074 U010200    10985
074 U020200        0
074 V010200    13.28
074 V020200     0.00
074 W000200   0.0000
074 X000200     2501
074 Y000200        0
075 A000200        0
075 B000200   133834
076  000200     0.00
028 A010300      3621
028 A020300       691
028 A030300         0
028 A040300      4311
028 B010300      4303
028 B020300       684
028 B030300         0
028 B040300      2765
028 C010300     14403
028 C020300       698
028 C030300         0
028 C040300      5516
028 D010300     21913
028 D020300       707
028 D030300         0
028 D040300      3612
028 E010300      5890
028 E020300       728
028 E030300         0
028 E040300      3394
028 F010300     26587
028 F020300       779
028 F030300         0
028 F040300      4058
028 G010300     76717
028 G020300      4287
028 G030300         0
028 G040300     23656
028 H000300     26747
029  000300 Y
030 A000300    724
<PAGE>      PAGE  14
030 B000300  3.50
030 C000300  0.00
031 A000300     86
031 B000300      0
032  000300    638
033  000300      0
034  000300 Y
035  000300      9
036 A000300 Y
036 B000300      0
042 A000300   0
042 B000300   0
042 C000300   0
042 D000300 100
042 E000300   0
042 F000300   0
042 G000300   0
042 H000300   0
043  000300    731
044  000300      0
045  000300 Y
046  000300 N
047  000300 Y
048  000300  0.000
048 A010300   500000
048 A020300 0.500
048 B010300   500000
048 B020300 0.450
048 C010300   500000
048 C020300 0.400
048 D010300   500000
048 D020300 0.350
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  2000000
048 K020300 0.275
062 A000300 Y
062 B000300   0.0
062 C000300   0.0
062 D000300   0.0
062 E000300   0.5
<PAGE>      PAGE  15
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  99.5
062 P000300   0.0
062 Q000300   0.0
062 R000300   0.0
063 A000300   0
063 B000300  7.3
064 A000300 Y
064 B000300 N
066 A000300 N
067  000300 N
068 A000300 N
068 B000300 N
069  000300 N
071 A000300    123748
071 B000300     42242
071 C000300    274903
071 D000300   15
072 A000300 12
072 B000300    16592
072 C000300        0
072 D000300        0
072 E000300        0
072 F000300     1393
072 G000300      344
072 H000300        0
072 I000300      187
072 J000300      201
072 K000300        0
072 L000300        0
072 M000300       10
072 N000300       68
072 O000300        0
072 P000300        0
072 Q000300       27
072 R000300       26
072 S000300       23
072 T000300      731
072 U000300        0
072 V000300        0
072 W000300       21
072 X000300     3031
072 Y000300      224
<PAGE>      PAGE  16
072 Z000300    13785
072AA000300        0
072BB000300       29
072CC010300     5149
072CC020300        0
072DD010300    13785
072DD020300        0
072EE000300        0
073 A010300   0.6600
073 A020300   0.0000
073 B000300   0.0000
073 C000300   0.0000
074 A000300       95
074 B000300        0
074 C000300        0
074 D000300   337722
074 E000300        0
074 F000300        0
074 G000300        0
074 H000300        0
074 I000300        0
074 J000300        0
074 K000300        0
074 L000300     6532
074 M000300       32
074 N000300   344381
074 O000300     6055
074 P000300      157
074 Q000300        0
074 R010300        0
074 R020300        0
074 R030300        0
074 R040300      969
074 S000300        0
074 T000300   337200
074 U010300    25048
074 U020300        0
074 V010300    13.46
074 V020300     0.00
074 W000300   0.0000
074 X000300     6312
074 Y000300        0
075 A000300        0
075 B000300   279050
076  000300     0.00
028 A010400      1836
028 A020400       118
028 A030400         0
028 A040400       405
028 B010400      2385
028 B020400       121
<PAGE>      PAGE  17
028 B030400         0
028 B040400      1971
028 C010400       929
028 C020400       123
028 C030400         0
028 C040400       646
028 D010400      1889
028 D020400       126
028 D030400         0
028 D040400       280
028 E010400      1760
028 E020400       126
028 E030400         0
028 E040400      1197
028 F010400      1912
028 F020400       125
028 F030400         0
028 F040400       931
028 G010400     10711
028 G020400       739
028 G030400         0
028 G040400      5430
028 H000400      3229
029  000400 Y
030 A000400    120
030 B000400  2.50
030 C000400  0.00
031 A000400     19
031 B000400      0
032  000400    101
033  000400      0
034  000400 Y
035  000400      7
036 A000400 Y
036 B000400      0
042 A000400   0
042 B000400   0
042 C000400   0
042 D000400 100
042 E000400   0
042 F000400   0
042 G000400   0
042 H000400   0
043  000400    110
044  000400      0
045  000400 Y
046  000400 N
047  000400 Y
048  000400  0.000
048 A010400   500000
048 A020400 0.500
<PAGE>      PAGE  18
048 B010400   500000
048 B020400 0.450
048 C010400   500000
048 C020400 0.400
048 D010400   500000
048 D020400 0.350
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  2000000
048 K020400 0.275
062 A000400 Y
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   3.0
062 J000400   0.0
062 K000400   0.0
062 L000400   1.2
062 M000400  15.4
062 N000400  22.2
062 O000400   0.0
062 P000400   5.5
062 Q000400  52.7
062 R000400   0.0
063 A000400   0
063 B000400  4.5
064 A000400 Y
064 B000400 N
066 A000400 N
067  000400 N
068 A000400 N
068 B000400 N
069  000400 N
071 A000400     17218
071 B000400      4497
071 C000400     32429
071 D000400   14
<PAGE>      PAGE  19
072 A000400 12
072 B000400     2437
072 C000400        0
072 D000400        0
072 E000400        0
072 F000400      170
072 G000400       41
072 H000400        0
072 I000400       61
072 J000400       48
072 K000400        0
072 L000400        0
072 M000400        1
072 N000400       45
072 O000400        0
072 P000400        0
072 Q000400        4
072 R000400        7
072 S000400        3
072 T000400      110
072 U000400        0
072 V000400        0
072 W000400       13
072 X000400      503
072 Y000400      151
072 Z000400     2085
072AA000400        8
072BB000400        0
072CC010400      364
072CC020400        0
072DD010400        0
072DD020400        0
072EE000400        0
073 A010400   0.7600
073 A020400   0.0000
073 B000400   0.0000
073 C000400   0.0000
074 A000400       40
074 B000400        0
074 C000400        0
074 D000400    40122
074 E000400        0
074 F000400        0
074 G000400        0
074 H000400        0
074 I000400        0
074 J000400        0
074 K000400        0
074 L000400     1240
074 M000400       27
074 N000400    41429
<PAGE>      PAGE  20
074 O000400        0
074 P000400        0
074 Q000400        0
074 R010400        0
074 R020400        0
074 R030400        0
074 R040400      271
074 S000400        0
074 T000400    41158
074 U010400     3329
074 U020400        0
074 V010400    12.37
074 V020400     0.00
074 W000400   0.0000
074 X000400     1282
074 Y000400        0
075 A000400        0
075 B000400    34165
076  000400     0.00
028 A010500      3193
028 A020500         0
028 A030500         0
028 A040500       867
028 B010500      4204
028 B020500         0
028 B030500         0
028 B040500       331
028 C010500      2463
028 C020500       186
028 C030500         0
028 C040500        13
028 D010500      3133
028 D020500         0
028 D030500         0
028 D040500       510
028 E010500      3781
028 E020500         0
028 E030500         0
028 E040500       712
028 F010500      4780
028 F020500       143
028 F030500         0
028 F040500       327
028 G010500     21554
028 G020500       329
028 G030500         0
028 G040500      2760
028 H000500     11480
029  000500 Y
030 A000500    806
030 B000500  4.50
<PAGE>      PAGE  21
030 C000500  0.00
031 A000500     99
031 B000500      0
032  000500    707
033  000500      0
034  000500 Y
035  000500      1
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    142
044  000500      0
045  000500 Y
046  000500 N
047  000500 Y
048  000500  0.000
048 A010500   500000
048 A020500 0.875
048 B010500   500000
048 B020500 0.825
048 C010500   500000
048 C020500 0.775
048 D010500   500000
048 D020500 0.725
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 0.675
062 A000500 N
062 B000500   0.0
062 C000500   0.0
062 D000500   0.0
062 E000500   0.0
062 F000500   0.0
<PAGE>      PAGE  22
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   0.0
062 P000500   0.0
062 Q000500   0.0
062 R000500   0.0
066 A000500 Y
066 B000500 N
066 C000500 N
066 D000500 N
066 E000500 Y
066 F000500 N
066 G000500 N
067  000500 N
068 A000500 N
068 B000500 N
069  000500 N
071 A000500     69258
071 B000500     31960
071 C000500     40533
071 D000500   79
072 A000500 12
072 B000500      127
072 C000500     1107
072 D000500        0
072 E000500       41
072 F000500      376
072 G000500       54
072 H000500        0
072 I000500       55
072 J000500       35
072 K000500        0
072 L000500        0
072 M000500        1
072 N000500       39
072 O000500        0
072 P000500        0
072 Q000500        4
072 R000500        8
072 S000500       10
072 T000500      142
072 U000500        0
072 V000500        0
072 W000500       19
072 X000500      743
<PAGE>      PAGE  23
072 Y000500       11
072 Z000500      543
072AA000500     4516
072BB000500        0
072CC010500    12550
072CC020500        0
072DD010500      526
072DD020500        0
072EE000500        0
073 A010500   0.2000
073 A020500   0.0000
073 B000500   0.0000
073 C000500   0.0000
074 A000500      149
074 B000500        0
074 C000500        0
074 D000500        0
074 E000500        0
074 F000500    75908
074 G000500        0
074 H000500        0
074 I000500        0
074 J000500      195
074 K000500        0
074 L000500      823
074 M000500      210
074 N000500    77285
074 O000500      216
074 P000500        0
074 Q000500        0
074 R010500        0
074 R020500        0
074 R030500        0
074 R040500      177
074 S000500        0
074 T000500    76892
074 U010500     3766
074 U020500        0
074 V010500    20.42
074 V020500     0.00
074 W000500   0.0000
074 X000500     2602
074 Y000500        0
075 A000500        0
075 B000500    43072
076  000500     0.00
028 A010600       956
028 A020600        39
028 A030600         0
028 A040600       111
028 B010600       411
<PAGE>      PAGE  24
028 B020600        38
028 B030600         0
028 B040600       332
028 C010600       614
028 C020600        35
028 C030600         0
028 C040600       405
028 D010600       255
028 D020600        35
028 D030600         0
028 D040600       126
028 E010600       179
028 E020600        33
028 E030600         0
028 E040600       361
028 F010600       628
028 F020600        35
028 F030600         0
028 F040600       318
028 G010600      3043
028 G020600       215
028 G030600         0
028 G040600      1653
028 H000600      1997
029  000600 Y
030 A000600    103
030 B000600  3.50
030 C000600  0.00
031 A000600     12
031 B000600      0
032  000600     91
033  000600      0
034  000600 N
035  000600      0
036 B000600      0
042 A000600   0
042 B000600   0
042 C000600   0
042 D000600 100
042 E000600   0
042 F000600   0
042 G000600   0
042 H000600   0
043  000600     52
044  000600      0
045  000600 Y
046  000600 N
047  000600 Y
048  000600  0.000
048 A010600   500000
048 A020600 0.500
<PAGE>      PAGE  25
048 B010600   500000
048 B020600 0.450
048 C010600   500000
048 C020600 0.400
048 D010600   500000
048 D020600 0.350
048 E010600        0
048 E020600 0.000
048 F010600        0
048 F020600 0.000
048 G010600        0
048 G020600 0.000
048 H010600        0
048 H020600 0.000
048 I010600        0
048 I020600 0.000
048 J010600        0
048 J020600 0.000
048 K010600  2000000
048 K020600 0.275
062 A000600 Y
062 B000600   0.0
062 C000600   0.0
062 D000600   0.0
062 E000600   1.6
062 F000600   0.0
062 G000600   0.0
062 H000600   0.0
062 I000600   0.0
062 J000600   0.0
062 K000600   0.0
062 L000600   0.0
062 M000600   0.0
062 N000600   0.0
062 O000600  98.4
062 P000600   0.0
062 Q000600   0.0
062 R000600   0.0
063 A000600   0
063 B000600  6.9
064 A000600 Y
064 B000600 N
066 A000600 N
067  000600 N
068 A000600 N
068 B000600 N
069  000600 N
071 A000600     16309
071 B000600     11605
071 C000600     22544
071 D000600   51
<PAGE>      PAGE  26
072 A000600 12
072 B000600     1274
072 C000600        0
072 D000600        0
072 E000600        0
072 F000600      116
072 G000600       29
072 H000600        0
072 I000600       20
072 J000600       28
072 K000600        0
072 L000600        0
072 M000600        1
072 N000600        0
072 O000600        0
072 P000600        0
072 Q000600        2
072 R000600        7
072 S000600        2
072 T000600       52
072 U000600        0
072 V000600        0
072 W000600        6
072 X000600      263
072 Y000600       70
072 Z000600     1081
072AA000600        0
072BB000600       12
072CC010600      473
072CC020600        0
072DD010600     1081
072DD020600        0
072EE000600        0
073 A010600   0.5600
073 A020600   0.0000
073 B000600   0.0000
073 C000600   0.0000
074 A000600       12
074 B000600        0
074 C000600        0
074 D000600    24933
074 E000600        0
074 F000600        0
074 G000600        0
074 H000600        0
074 I000600        0
074 J000600        0
074 K000600        0
074 L000600      542
074 M000600        0
074 N000600    25487
<PAGE>      PAGE  27
074 O000600      702
074 P000600        8
074 Q000600        0
074 R010600        0
074 R020600        0
074 R030600        0
074 R040600      114
074 S000600        0
074 T000600    24663
074 U010600     2032
074 U020600        0
074 V010600    12.14
074 V020600     0.00
074 W000600   0.0000
074 X000600      344
074 Y000600        0
075 A000600        0
075 B000600    23318
076  000600     0.00
SIGNATURE   VAN J. BILLOPS                               
TITLE       ASST. V.P.          
 

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

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000816153
<NAME> THORNBURG INVESTMENT TRUST
<SERIES>
   <NUMBER> 1
   <NAME> THORNBURG LIMITED TERM U.S. GOVERNMENT FUND (A)
       
<S>                             <C>
<PERIOD-TYPE>                   12-MOS
<FISCAL-YEAR-END>                          SEP-30-1997
<PERIOD-END>                               SEP-30-1997
<INVESTMENTS-AT-COST>                      138,302,402
<INVESTMENTS-AT-VALUE>                     140,715,386
<RECEIVABLES>                                2,200,193
<ASSETS-OTHER>                                 898,905
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                             143,814,484
<PAYABLE-FOR-SECURITIES>                             0
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                      541,625
<TOTAL-LIABILITIES>                            541,625
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                   147,784,859
<SHARES-COMMON-STOCK>                       10,858,515
<SHARES-COMMON-PRIOR>                       11,402,426
<ACCUMULATED-NII-CURRENT>                            0
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                    (7,200,711)
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                     2,393,047
<NET-ASSETS>                               143,272,859
<DIVIDEND-INCOME>                                    0
<INTEREST-INCOME>                            9,957,422
<OTHER-INCOME>                                       0
<EXPENSES-NET>                             (1,387,759)
<NET-INVESTMENT-INCOME>                      8,569,663
<REALIZED-GAINS-CURRENT>                       280,414
<APPREC-INCREASE-CURRENT>                      581,827
<NET-CHANGE-FROM-OPS>                        9,431,904
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                  (8,318,540)
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                      1,686,941
<NUMBER-OF-SHARES-REDEEMED>                (2,683,645)
<SHARES-REINVESTED>                            452,793
<NET-CHANGE-IN-ASSETS>                     (5,798,853)
<ACCUMULATED-NII-PRIOR>                              0
<ACCUMULATED-GAINS-PRIOR>                  (7,481,125)
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                          529,056
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                              1,448,185
<AVERAGE-NET-ASSETS>                       141,152,473
<PER-SHARE-NAV-BEGIN>                            12.24
<PER-SHARE-NII>                                    .75
<PER-SHARE-GAIN-APPREC>                            .07
<PER-SHARE-DIVIDEND>                             (.75)
<PER-SHARE-DISTRIBUTIONS>                            0
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              12.31
<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 INVESTMENT TRUST
<SERIES>
   <NUMBER> 1
   <NAME> THORNBURG LIMITED TERM U.S. GOVERNMENT FUND (C)
       
<S>                             <C>
<PERIOD-TYPE>                   12-MOS
<FISCAL-YEAR-END>                          SEP-30-1997
<PERIOD-END>                               SEP-30-1997
<INVESTMENTS-AT-COST>                      138,302,402
<INVESTMENTS-AT-VALUE>                     140,715,386
<RECEIVABLES>                                2,200,193
<ASSETS-OTHER>                                 898,905
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                             143,814,484
<PAYABLE-FOR-SECURITIES>                             0
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                      541,625
<TOTAL-LIABILITIES>                            541,625
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                   147,784,859
<SHARES-COMMON-STOCK>                          347,608
<SHARES-COMMON-PRIOR>                          226,213      
<ACCUMULATED-NII-CURRENT>                            0
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                    (7,200,711)
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                     2,393,047
<NET-ASSETS>                               143,272,859
<DIVIDEND-INCOME>                                    0
<INTEREST-INCOME>                            9,957,422
<OTHER-INCOME>                                       0
<EXPENSES-NET>                             (1,387,759)
<NET-INVESTMENT-INCOME>                      8,569,663
<REALIZED-GAINS-CURRENT>                       280,414
<APPREC-INCREASE-CURRENT>                      581,827
<NET-CHANGE-FROM-OPS>                        9,431,904
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                    (222,001)
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                        177,985
<NUMBER-OF-SHARES-REDEEMED>                   (73,028)
<SHARES-REINVESTED>                             16,438
<NET-CHANGE-IN-ASSETS>                       1,519,038
<ACCUMULATED-NII-PRIOR>                              0
<ACCUMULATED-GAINS-PRIOR>                  (7,481,125)
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                          529,056
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                              1,448,185
<AVERAGE-NET-ASSETS>                       141,152,473
<PER-SHARE-NAV-BEGIN>                            12.29
<PER-SHARE-NII>                                    .70
<PER-SHARE-GAIN-APPREC>                            .08
<PER-SHARE-DIVIDEND>                             (.70)
<PER-SHARE-DISTRIBUTIONS>                            0
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              12.37
<EXPENSE-RATIO>                                   1.40
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        

</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000816153
<NAME> THORNBURG INVESTMENT TRUST
<SERIES>
   <NUMBER> 1
   <NAME> THORNBURG LIMITED TERM U.S. GOVERNMENT FUND (I)
       
<S>                             <C>
<PERIOD-TYPE>                   12-MOS
<FISCAL-YEAR-END>                          SEP-30-1997
<PERIOD-END>                               SEP-30-1997
<INVESTMENTS-AT-COST>                      138,302,402
<INVESTMENTS-AT-VALUE>                     140,715,386
<RECEIVABLES>                                2,200,193
<ASSETS-OTHER>                                 898,905
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                             143,814,484
<PAYABLE-FOR-SECURITIES>                             0
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                      541,625
<TOTAL-LIABILITIES>                            541,625
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                   147,784,859
<SHARES-COMMON-STOCK>                          427,500
<SHARES-COMMON-PRIOR>                              730
<ACCUMULATED-NII-CURRENT>                            0
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                    (7,200,711)
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                     2,393,047
<NET-ASSETS>                               143,272,859
<DIVIDEND-INCOME>                                    0
<INTEREST-INCOME>                            9,957,422
<OTHER-INCOME>                                       0
<EXPENSES-NET>                             (1,387,759)
<NET-INVESTMENT-INCOME>                      8,569,663
<REALIZED-GAINS-CURRENT>                       280,414
<APPREC-INCREASE-CURRENT>                      581,827
<NET-CHANGE-FROM-OPS>                        9,431,904
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                     (29,122)
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                        497,639
<NUMBER-OF-SHARES-REDEEMED>                   (73,254)
<SHARES-REINVESTED>                              2,385
<NET-CHANGE-IN-ASSETS>                       5,253,633
<ACCUMULATED-NII-PRIOR>                              0
<ACCUMULATED-GAINS-PRIOR>                  (7,481,125)
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                          529,056
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                              1,448,185
<AVERAGE-NET-ASSETS>                       141,152,473
<PER-SHARE-NAV-BEGIN>                            12.24
<PER-SHARE-NII>                                    .79
<PER-SHARE-GAIN-APPREC>                            .07
<PER-SHARE-DIVIDEND>                             (.79)
<PER-SHARE-DISTRIBUTIONS>                            0
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              12.31
<EXPENSE-RATIO>                                    .60
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        

</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000816153
<NAME> THORNBURG INVESTMENT TRUST
<SERIES>
   <NUMBER> 2
   <NAME> THORNBURG NEW MEXICO INTERMEDIATE MUNICIPAL FUND
       
<S>                             <C>
<PERIOD-TYPE>                   12-MOS
<FISCAL-YEAR-END>                          SEP-30-1997
<PERIOD-END>                               SEP-30-1997
<INVESTMENTS-AT-COST>                      138,275,052
<INVESTMENTS-AT-VALUE>                     144,965,168
<RECEIVABLES>                                2,380,980
<ASSETS-OTHER>                                  72,519
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                             147,418,667
<PAYABLE-FOR-SECURITIES>                     1,105,000
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                      463,486
<TOTAL-LIABILITIES>                          1,568,486
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                   139,870,441
<SHARES-COMMON-STOCK>                       10,985,147
<SHARES-COMMON-PRIOR>                       10,030,551
<ACCUMULATED-NII-CURRENT>                            0
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                      (710,376)
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                     6,662,038
<NET-ASSETS>                               145,850,181
<DIVIDEND-INCOME>                                    0
<INTEREST-INCOME>                            7,857,338
<OTHER-INCOME>                                       0
<EXPENSES-NET>                             (1,337,394)
<NET-INVESTMENT-INCOME>                      6,519,944
<REALIZED-GAINS-CURRENT>                        47,136
<APPREC-INCREASE-CURRENT>                    1,882,098
<NET-CHANGE-FROM-OPS>                        8,449,178
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                  (6,519,944)
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                      2,547,704
<NUMBER-OF-SHARES-REDEEMED>                (1,904,494)
<SHARES-REINVESTED>                            311,386
<NET-CHANGE-IN-ASSETS>                      14,543,253
<ACCUMULATED-NII-PRIOR>                              0
<ACCUMULATED-GAINS-PRIOR>                    (757,512)
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                          668,697
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                              1,399,146
<AVERAGE-NET-ASSETS>                       133,834,139
<PER-SHARE-NAV-BEGIN>                            13.09
<PER-SHARE-NII>                                    .64
<PER-SHARE-GAIN-APPREC>                            .19
<PER-SHARE-DIVIDEND>                             (.64)
<PER-SHARE-DISTRIBUTIONS>                            0
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              13.28
<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 INVESTMENT TRUST
<SERIES>
   <NUMBER> 3
   <NAME> THORNBURG INTERMEDIATE MUNICIPAL (A)
       
<S>                             <C>
<PERIOD-TYPE>                   12-MOS
<FISCAL-YEAR-END>                          SEP-30-1997
<PERIOD-END>                               SEP-30-1997
<INVESTMENTS-AT-COST>                      319,918,430
<INVESTMENTS-AT-VALUE>                     337,721,726
<RECEIVABLES>                                6,531,886
<ASSETS-OTHER>                                 127,668
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                             344,381,280
<PAYABLE-FOR-SECURITIES>                     6,054,861
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                    1,126,575
<TOTAL-LIABILITIES>                          7,181,436
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                   322,921,851
<SHARES-COMMON-STOCK>                       22,974,254
<SHARES-COMMON-PRIOR>                       18,610,208
<ACCUMULATED-NII-CURRENT>                            0
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                    (3,525,304)
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                    17,803,296
<NET-ASSETS>                               337,199,844
<DIVIDEND-INCOME>                                    0
<INTEREST-INCOME>                           16,591,816
<OTHER-INCOME>                                       0
<EXPENSES-NET>                             (2,806,635)
<NET-INVESTMENT-INCOME>                     13,785,181
<REALIZED-GAINS-CURRENT>                      (28,983)
<APPREC-INCREASE-CURRENT>                    5,148,693
<NET-CHANGE-FROM-OPS>                       18,904,891
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                 (13,081,853)
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                      6,686,648
<NUMBER-OF-SHARES-REDEEMED>                (2,909,821)
<SHARES-REINVESTED>                            587,219
<NET-CHANGE-IN-ASSETS>                      63,164,933
<ACCUMULATED-NII-PRIOR>                              0
<ACCUMULATED-GAINS-PRIOR>                  (3,496,321)
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                        1,392,767
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                              3,031,062
<AVERAGE-NET-ASSETS>                       279,050,365
<PER-SHARE-NAV-BEGIN>                            13.23
<PER-SHARE-NII>                                    .66
<PER-SHARE-GAIN-APPREC>                            .23
<PER-SHARE-DIVIDEND>                             (.66)
<PER-SHARE-DISTRIBUTIONS>                            0
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              13.46
<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 INVESTMENT TRUST
<SERIES>
   <NUMBER> 3
   <NAME> THORNBURG INTERMEDIATE MUNICIPAL (C)
       
<S>                             <C>
<PERIOD-TYPE>                   12-MOS
<FISCAL-YEAR-END>                          SEP-30-1997
<PERIOD-END>                               SEP-30-1997
<INVESTMENTS-AT-COST>                      319,918,430
<INVESTMENTS-AT-VALUE>                     337,721,726
<RECEIVABLES>                                6,531,886
<ASSETS-OTHER>                                 127,668
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                             344,381,280
<PAYABLE-FOR-SECURITIES>                     6,054,861
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                    1,126,575
<TOTAL-LIABILITIES>                          7,181,436
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                   322,921,851
<SHARES-COMMON-STOCK>                          837,728
<SHARES-COMMON-PRIOR>                          572,818
<ACCUMULATED-NII-CURRENT>                            0
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                    (3,525,304)
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                    17,803,296
<NET-ASSETS>                               337,199,844
<DIVIDEND-INCOME>                                    0
<INTEREST-INCOME>                           16,591,816
<OTHER-INCOME>                                       0
<EXPENSES-NET>                             (2,806,635)
<NET-INVESTMENT-INCOME>                     13,785,181
<REALIZED-GAINS-CURRENT>                      (28,983)
<APPREC-INCREASE-CURRENT>                    5,148,693
<NET-CHANGE-FROM-OPS>                       18,904,891
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                    (428,625)
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                        463,652
<NUMBER-OF-SHARES-REDEEMED>                  (224,491)
<SHARES-REINVESTED>                             25,749
<NET-CHANGE-IN-ASSETS>                       3,706,847
<ACCUMULATED-NII-PRIOR>                              0
<ACCUMULATED-GAINS-PRIOR>                  (3,496,321)
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                        1,392,767
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                              3,031,062
<AVERAGE-NET-ASSETS>                       279,050,365
<PER-SHARE-NAV-BEGIN>                            13.24
<PER-SHARE-NII>                                    .61
<PER-SHARE-GAIN-APPREC>                            .24
<PER-SHARE-DIVIDEND>                             (.61)
<PER-SHARE-DISTRIBUTIONS>                            0
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              13.48
<EXPENSE-RATIO>                                   1.40
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        

</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000816153
<NAME> THORNBURG INVESTMENT TRUST
<SERIES>
   <NUMBER> 3
   <NAME> THORNBURG INTERMEDIATE MUNICIPAL (I)
       
<S>                             <C>
<PERIOD-TYPE>                   12-MOS
<FISCAL-YEAR-END>                          SEP-30-1997
<PERIOD-END>                               SEP-30-1997
<INVESTMENTS-AT-COST>                      319,918,430
<INVESTMENTS-AT-VALUE>                     337,721,726
<RECEIVABLES>                                6,531,886
<ASSETS-OTHER>                                 127,668
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                             344,381,280
<PAYABLE-FOR-SECURITIES>                     6,054,861
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                    1,126,575
<TOTAL-LIABILITIES>                          7,181,436
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                   322,921,851
<SHARES-COMMON-STOCK>                        1,235,862
<SHARES-COMMON-PRIOR>                           52,065
<ACCUMULATED-NII-CURRENT>                            0
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                    (3,525,304)
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                    17,803,296
<NET-ASSETS>                               337,199,844
<DIVIDEND-INCOME>                                    0
<INTEREST-INCOME>                           16,591,816
<OTHER-INCOME>                                       0
<EXPENSES-NET>                             (2,806,635)
<NET-INVESTMENT-INCOME>                     13,785,181
<REALIZED-GAINS-CURRENT>                      (28,983)
<APPREC-INCREASE-CURRENT>                    5,148,693
<NET-CHANGE-FROM-OPS>                       18,904,891
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                    (274,703)
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                      1,633,003
<NUMBER-OF-SHARES-REDEEMED>                  (455,038)
<SHARES-REINVESTED>                              5,832
<NET-CHANGE-IN-ASSETS>                      15,926,195
<ACCUMULATED-NII-PRIOR>                              0
<ACCUMULATED-GAINS-PRIOR>                  (3,496,321)
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                        1,392,767
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                              3,031,062
<AVERAGE-NET-ASSETS>                       279,050,365
<PER-SHARE-NAV-BEGIN>                            13.23
<PER-SHARE-NII>                                    .70
<PER-SHARE-GAIN-APPREC>                            .21
<PER-SHARE-DIVIDEND>                             (.70)
<PER-SHARE-DISTRIBUTIONS>                            0
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              13.44
<EXPENSE-RATIO>                                    .69
<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 INVESTMENT TRUST
<SERIES>
   <NUMBER> 4
   <NAME> THORNBURG LIMITED TERM INCOME FUND (A)
       
<S>                             <C>
<PERIOD-TYPE>                   12-MOS
<FISCAL-YEAR-END>                          SEP-30-1997
<PERIOD-END>                               SEP-30-1997
<INVESTMENTS-AT-COST>                       39,043,509
<INVESTMENTS-AT-VALUE>                      40,121,745
<RECEIVABLES>                                1,239,684
<ASSETS-OTHER>                                  67,814
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                              41,429,243
<PAYABLE-FOR-SECURITIES>                             0
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                      271,338
<TOTAL-LIABILITIES>                            271,338
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                    40,950,435
<SHARES-COMMON-STOCK>                        2,529,497
<SHARES-COMMON-PRIOR>                        1,916,192
<ACCUMULATED-NII-CURRENT>                            0
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                      (866,976)
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                     1,078,236
<NET-ASSETS>                                41,157,905
<DIVIDEND-INCOME>                                    0
<INTEREST-INCOME>                            2,437,340
<OTHER-INCOME>                                       0
<EXPENSES-NET>                               (351,991)
<NET-INVESTMENT-INCOME>                      2,085,349
<REALIZED-GAINS-CURRENT>                         8,055
<APPREC-INCREASE-CURRENT>                      364,017
<NET-CHANGE-FROM-OPS>                        2,457,421
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                  (1,666,492)
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                      1,040,156
<NUMBER-OF-SHARES-REDEEMED>                  (504,413)
<SHARES-REINVESTED>                             77,562
<NET-CHANGE-IN-ASSETS>                       7,847,823
<ACCUMULATED-NII-PRIOR>                              0
<ACCUMULATED-GAINS-PRIOR>                    (875,031)
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                          170,199
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                502,719
<AVERAGE-NET-ASSETS>                        34,165,327
<PER-SHARE-NAV-BEGIN>                            12.23
<PER-SHARE-NII>                                    .76
<PER-SHARE-GAIN-APPREC>                            .14
<PER-SHARE-DIVIDEND>                             (.76)
<PER-SHARE-DISTRIBUTIONS>                            0
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              12.37
<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 INVESTMENT TRUST
<SERIES>
   <NUMBER> 4
   <NAME> THORNBURG LIMITED TERM INCOME FUND (C)
       
<S>                             <C>
<PERIOD-TYPE>                   12-MOS
<FISCAL-YEAR-END>                          SEP-30-1997
<PERIOD-END>                               SEP-30-1997
<INVESTMENTS-AT-COST>                       39,043,509
<INVESTMENTS-AT-VALUE>                      40,121,745
<RECEIVABLES>                                1,239,684
<ASSETS-OTHER>                                  67,814
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                              41,429,243
<PAYABLE-FOR-SECURITIES>                             0
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                      271,338
<TOTAL-LIABILITIES>                            271,338
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                    40,950,435
<SHARES-COMMON-STOCK>                          436,168
<SHARES-COMMON-PRIOR>                          220,909
<ACCUMULATED-NII-CURRENT>                            0
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                      (866,976)
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                     1,078,236
<NET-ASSETS>                                41,157,905
<DIVIDEND-INCOME>                                    0
<INTEREST-INCOME>                            2,437,340
<OTHER-INCOME>                                       0
<EXPENSES-NET>                               (351,991)
<NET-INVESTMENT-INCOME>                      2,085,349
<REALIZED-GAINS-CURRENT>                         8,055
<APPREC-INCREASE-CURRENT>                      364,017
<NET-CHANGE-FROM-OPS>                        2,457,421
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                    (262,811)
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                        352,475
<NUMBER-OF-SHARES-REDEEMED>                  (156,885)
<SHARES-REINVESTED>                             19,669
<NET-CHANGE-IN-ASSETS>                       2,686,815
<ACCUMULATED-NII-PRIOR>                              0
<ACCUMULATED-GAINS-PRIOR>                    (875,031)
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                          170,199
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                502,719
<AVERAGE-NET-ASSETS>                        34,165,327
<PER-SHARE-NAV-BEGIN>                            12.20
<PER-SHARE-NII>                                    .71
<PER-SHARE-GAIN-APPREC>                            .14
<PER-SHARE-DIVIDEND>                             (.71)
<PER-SHARE-DISTRIBUTIONS>                            0
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              12.34
<EXPENSE-RATIO>                                   1.40
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        

</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000816153
<NAME> THORNBURG INVESTMENT TRUST
<SERIES>
   <NUMBER> 4
   <NAME> THORNBURG LIMITED TERM INCOME FUND (I)
       
<S>                             <C>
<PERIOD-TYPE>                   12-MOS
<FISCAL-YEAR-END>                          SEP-30-1997
<PERIOD-END>                               SEP-30-1997
<INVESTMENTS-AT-COST>                       39,043,509
<INVESTMENTS-AT-VALUE>                      40,121,745
<RECEIVABLES>                                1,239,684
<ASSETS-OTHER>                                  67,814
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                              41,429,243
<PAYABLE-FOR-SECURITIES>                             0
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                      271,338
<TOTAL-LIABILITIES>                            271,338
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                    40,950,435
<SHARES-COMMON-STOCK>                          363,536
<SHARES-COMMON-PRIOR>                           65,171
<ACCUMULATED-NII-CURRENT>                            0
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                      (866,976)
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                     1,078,236
<NET-ASSETS>                                41,157,905
<DIVIDEND-INCOME>                                    0
<INTEREST-INCOME>                            2,437,340
<OTHER-INCOME>                                       0
<EXPENSES-NET>                               (351,991)
<NET-INVESTMENT-INCOME>                      2,085,349
<REALIZED-GAINS-CURRENT>                         8,055
<APPREC-INCREASE-CURRENT>                      364,017
<NET-CHANGE-FROM-OPS>                        2,457,421
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                    (156,046)
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                        301,982
<NUMBER-OF-SHARES-REDEEMED>                   (13,405)
<SHARES-REINVESTED>                              9,788
<NET-CHANGE-IN-ASSETS>                       3,698,076
<ACCUMULATED-NII-PRIOR>                              0
<ACCUMULATED-GAINS-PRIOR>                    (875,031)
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                          170,199
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                502,719
<AVERAGE-NET-ASSETS>                        34,165,327
<PER-SHARE-NAV-BEGIN>                            12.23
<PER-SHARE-NII>                                    .80
<PER-SHARE-GAIN-APPREC>                            .13
<PER-SHARE-DIVIDEND>                             (.80)
<PER-SHARE-DISTRIBUTIONS>                            0
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              12.36
<EXPENSE-RATIO>                                    .69
<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 INVESTMENT TRUST
<SERIES>
   <NUMBER> 5
   <NAME> THORNBURG VALUE FUND (A)
       
<S>                             <C>
<PERIOD-TYPE>                   12-MOS
<FISCAL-YEAR-END>                          SEP-30-1997
<PERIOD-END>                               SEP-30-1997
<INVESTMENTS-AT-COST>                       61,420,071
<INVESTMENTS-AT-VALUE>                      75,907,501
<RECEIVABLES>                                1,017,537
<ASSETS-OTHER>                                 359,737
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                              77,284,775
<PAYABLE-FOR-SECURITIES>                       215,588
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                      177,113
<TOTAL-LIABILITIES>                         76,892,074
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                    57,764,424
<SHARES-COMMON-STOCK>                        3,276,163
<SHARES-COMMON-PRIOR>                        1,064,816
<ACCUMULATED-NII-CURRENT>                            0
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                              0
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                    14,487,430
<NET-ASSETS>                                76,892,074
<DIVIDEND-INCOME>                            1,106,639
<INTEREST-INCOME>                              127,347
<OTHER-INCOME>                                  41,176
<EXPENSES-NET>                               (732,382)
<NET-INVESTMENT-INCOME>                        542,780
<REALIZED-GAINS-CURRENT>                     4,516,474
<APPREC-INCREASE-CURRENT>                   12,549,755
<NET-CHANGE-FROM-OPS>                       17,609,009
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                    (504,495)
<DISTRIBUTIONS-OF-GAINS>                     (467,203)
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                      2,414,402
<NUMBER-OF-SHARES-REDEEMED>                  (260,335)
<SHARES-REINVESTED>                             57,280
<NET-CHANGE-IN-ASSETS>                      51,454,867
<ACCUMULATED-NII-PRIOR>                              0
<ACCUMULATED-GAINS-PRIOR>                            0
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                          376,424
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                743,430
<AVERAGE-NET-ASSETS>                        43,071,860
<PER-SHARE-NAV-BEGIN>                            14.50
<PER-SHARE-NII>                                    .21
<PER-SHARE-GAIN-APPREC>                           6.28
<PER-SHARE-DIVIDEND>                             (.20)
<PER-SHARE-DISTRIBUTIONS>                        (.37)
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              20.42
<EXPENSE-RATIO>                                   1.61
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        

</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000816153
<NAME> THORNBURG INVESTMENT TRUST
<SERIES>
   <NUMBER> 5
   <NAME> THORNBURG VALUE FUND (C)
       
<S>                             <C>
<PERIOD-TYPE>                   12-MOS
<FISCAL-YEAR-END>                          SEP-30-1997
<PERIOD-END>                               SEP-30-1997
<INVESTMENTS-AT-COST>                       61,420,071
<INVESTMENTS-AT-VALUE>                      75,907,501
<RECEIVABLES>                                1,017,537
<ASSETS-OTHER>                                 359,737
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                              77,284,775
<PAYABLE-FOR-SECURITIES>                       215,588
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                      177,113
<TOTAL-LIABILITIES>                         76,892,074
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                    57,764,424
<SHARES-COMMON-STOCK>                          490,248
<SHARES-COMMON-PRIOR>                           87,321
<ACCUMULATED-NII-CURRENT>                            0
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                              0
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                    14,487,430
<NET-ASSETS>                                76,892,074
<DIVIDEND-INCOME>                            1,106,639
<INTEREST-INCOME>                              127,347
<OTHER-INCOME>                                  41,176
<EXPENSES-NET>                               (732,382)
<NET-INVESTMENT-INCOME>                        542,780
<REALIZED-GAINS-CURRENT>                     4,516,474
<APPREC-INCREASE-CURRENT>                   12,549,755
<NET-CHANGE-FROM-OPS>                       17,609,009
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                     (21,502)
<DISTRIBUTIONS-OF-GAINS>                      (34,748)
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                        413,412
<NUMBER-OF-SHARES-REDEEMED>                   (13,595)
<SHARES-REINVESTED>                              3,110
<NET-CHANGE-IN-ASSETS>                       8,732,355
<ACCUMULATED-NII-PRIOR>                              0
<ACCUMULATED-GAINS-PRIOR>                            0
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                          376,424
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                743,430
<AVERAGE-NET-ASSETS>                        43,071,860
<PER-SHARE-NAV-BEGIN>                            14.51
<PER-SHARE-NII>                                    .07
<PER-SHARE-GAIN-APPREC>                           6.27
<PER-SHARE-DIVIDEND>                             (.08)
<PER-SHARE-DISTRIBUTIONS>                        (.37)
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              20.40
<EXPENSE-RATIO>                                   2.49
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        

</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000816153
<NAME> THORNBURG INVESTMENT TRUST
<SERIES>
   <NUMBER> 6
   <NAME> THORNBURG FLORIDA INTERMEDIATE MUNICIPAL
       
<S>                             <C>
<PERIOD-TYPE>                   12-MOS
<FISCAL-YEAR-END>                          SEP-30-1997
<PERIOD-END>                               SEP-30-1997
<INVESTMENTS-AT-COST>                       24,088,695
<INVESTMENTS-AT-VALUE>                      24,933,129
<RECEIVABLES>                                  541,823
<ASSETS-OTHER>                                  12,139
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                              25,487,091
<PAYABLE-FOR-SECURITIES>                       701,944
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                      122,299
<TOTAL-LIABILITIES>                            824,243
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                    23,970,653
<SHARES-COMMON-STOCK>                        2,032,350
<SHARES-COMMON-PRIOR>                        1,641,678
<ACCUMULATED-NII-CURRENT>                            0
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                      (152,239)
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                       843,006
<NET-ASSETS>                                24,662,848
<DIVIDEND-INCOME>                                    0
<INTEREST-INCOME>                            1,273,565
<OTHER-INCOME>                                       0
<EXPENSES-NET>                               (192,476)
<NET-INVESTMENT-INCOME>                      1,081,089
<REALIZED-GAINS-CURRENT>                      (12,081)
<APPREC-INCREASE-CURRENT>                      472,555
<NET-CHANGE-FROM-OPS>                        1,541,563
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                  (1,081,089)
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                      2,459,475
<NUMBER-OF-SHARES-REDEEMED>                (2,107,254)
<SHARES-REINVESTED>                             38,451
<NET-CHANGE-IN-ASSETS>                       5,161,589
<ACCUMULATED-NII-PRIOR>                              0
<ACCUMULATED-GAINS-PRIOR>                    (140,158)
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                          116,352
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                263,063
<AVERAGE-NET-ASSETS>                        23,318,156
<PER-SHARE-NAV-BEGIN>                            11.88
<PER-SHARE-NII>                                    .56
<PER-SHARE-GAIN-APPREC>                            .26
<PER-SHARE-DIVIDEND>                             (.56)
<PER-SHARE-DISTRIBUTIONS>                            0
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              12.14
<EXPENSE-RATIO>                                    .83
<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