THORNBURG INVESTMENT TRUST
NSAR-A, 1998-02-25
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<PAGE>      PAGE  1
000 A000000 12/31/97
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 INVESTMENT TRUST
001 B000000 811-5201
001 C000000 5059840200
002 A000000 119 E. MARCY ST., SUITE 201
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  7
007 C010100  1
007 C020100 THORNBURG NEW YORK INTERMEDIATE MUNI FUND
007 C030100 N
007 C010200  2
007 C010300  3
007 C010400  4
007 C010500  5
007 C010600  6
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
011 B00AA01 8-31249
011 C01AA01 SANTA FE
011 C02AA01 NM
011 C03AA01 87501
015 A00AA01 STATE STREET BANK & TRUST
015 B00AA01 C
015 C01AA01 NORTH QUINCY
015 C02AA01 MA
015 C03AA01 02171
015 E06AA01 X
<PAGE>      PAGE  2
018  00AA00 Y
019 A00AA00 Y
019 B00AA00    9
019 C00AA00 -THORNBURG
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020 C000002      0
020 C000003      0
020 C000004      0
020 C000005      0
020 C000006      0
020 C000007      0
020 C000008      0
020 C000009      0
020 C000010      0
021  000000        0
022 A000001 MERRILL LYNCH
022 B000001 13-5674085
022 C000001      1300
022 D000001       496
022 A000002 FIRST ALBANY
022 B000002 14-1391446
022 C000002       425
022 D000002      1006
022 A000003 GRUNTAL & CO.
022 B000003 13-3201805
022 C000003      1048
022 D000003         0
022 A000004 LEHMAN BROS INC.
022 B000004 13-2726611
022 C000004         0
022 D000004      1006
022 A000005 HANIFEN IMHOFF INC.
022 B000005 84-1436680
022 C000005       924
022 D000005         0
022 A000006 GREENWICH PARTNERS INC.
022 B000006 06-1465825
022 C000006       897
022 D000006         0
022 A000007 PAINE WEBBER INC.
022 B000007 13-2638166
022 C000007       100
022 D000007       552
022 A000008 BEAR STEARNS SECURITIES
022 B000008 13-3299429
022 C000008         0
022 D000008       400
022 A000009 J.P. MORGAN SECURITIES
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<PAGE>      PAGE  3
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050  00AA00 N
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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
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054 O00AA00 N
055 A00AA00 N
<PAGE>      PAGE  4
055 B00AA00 N
056  00AA00 N
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058 A00AA00 N
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070 B01AA00 N
070 B02AA00 N
070 C01AA00 Y
070 C02AA00 N
070 D01AA00 N
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 N
070 M01AA00 Y
070 M02AA00 N
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070 Q01AA00 N
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070 R02AA00 N
077 A000000 N
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<PAGE>      PAGE  5
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<PAGE>      PAGE  6
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<PAGE>      PAGE  7
062 O000100 100.0
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<PAGE>      PAGE  8
073 A020100   0.0000
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075 A000100        0
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076  000100     0.00
SIGNATURE   VAN J. BILLOPS                               
TITLE       ASST. VICE PRESIDENT
 


<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000816153
<NAME> THORNBURG INVESTMENT TRUST
<SERIES>
   <NUMBER> 1
   <NAME> THORNBURG NEW YORK INTERMEDIATE MUNICIPAL FUND (A)
       
<S>                             <C>
<PERIOD-TYPE>                   4-MOS
<FISCAL-YEAR-END>                          JUN-30-1998
<PERIOD-END>                               DEC-31-1997
<INVESTMENTS-AT-COST>                       24,443,167
<INVESTMENTS-AT-VALUE>                      26,561,097
<RECEIVABLES>                                  420,973
<ASSETS-OTHER>                                 303,675
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                              27,285,745
<PAYABLE-FOR-SECURITIES>                       427,701
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                      188,904
<TOTAL-LIABILITIES>                            616,605
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                    24,560,324
<SHARES-COMMON-STOCK>                        2,100,777
<SHARES-COMMON-PRIOR>                                0
<ACCUMULATED-NII-CURRENT>                            0
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                        (9,114)
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<REALIZED-GAINS-CURRENT>                       (9,114)
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<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                    (433,680)
<DISTRIBUTIONS-OF-GAINS>                             0
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<NUMBER-OF-SHARES-REDEEMED>                  (320,644)
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<GROSS-EXPENSE>                                100,605
<AVERAGE-NET-ASSETS>                        27,603,493
<PER-SHARE-NAV-BEGIN>                            12.50
<PER-SHARE-NII>                                    .20
<PER-SHARE-GAIN-APPREC>                            .19
<PER-SHARE-DIVIDEND>                             (.20)
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<EXPENSE-RATIO>                                    .83
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</TABLE>


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