THORNBURG INVESTMENT TRUST
NSAR-B, 1999-12-01
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<PAGE>      PAGE  1
000 B000000 09/30/1999
000 C000000 0000816153
000 D000000 N
000 E000000 NF
000 F000000 Y
000 G000000 N
000 H000000 N
000 I000000 6.1
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  7
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 C020700 THORNBURG GLOBAL VALUE
007 C030700 N
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
<PAGE>      PAGE  2
008 D03AA01 87501
011 A00AA01 THORNBURG SECURITIES CORPORATION
011 B00AA01 8-31249
011 C01AA01 SANTA FE
011 C02AA01 NM
011 C03AA01 87501
013 A00AA01 PRICEWATERHOUSECOOPERS LLP
013 B01AA01 NEW YORK
013 B02AA01 NY
013 B03AA01 10036
013 B04AA01 2798
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   10
019 C00AA00 -THORNBURG
020 A000001 MERRILL LYNCH PIERCE
020 B000001 13-5674085
020 C000001    123
020 A000002 B-TRADE (ESI SECURITIES)
020 B000002 13-3872408
020 C000002    102
020 A000003 MORGAN STANLEY
020 B000003 13-2655998
020 C000003     84
020 A000004 PAINE WEBBER INC
020 B000004 13-2638166
020 C000004     78
020 A000005 DONALDSON, LUFKIN & JENRETTE
020 B000005 13-2741729
020 C000005     78
020 A000006 BANC AMERICA SECURITY
020 B000006 56-2058405
020 C000006     75
020 A000007 GOLDMAN SACHS
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020 C000007     63
020 A000008 SALOMON SMITH BARNEY
020 B000008 13-2919773
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020 C000009     62
020 A000010 FIRST BOSTON
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020 C000010     36
<PAGE>      PAGE  3
021  000000     1389
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022 D000001     74512
022 A000002 CHASE MANHATTAN BANK
022 B000002 76-0159718
022 C000002    139529
022 D000002      1798
022 A000003 MERRILL LYNCH PIERCE
022 B000003 13-5674085
022 C000003     63334
022 D000003     14596
022 A000004 MORGAN STANLEY AND CO
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022 C000004     51084
022 D000004     21714
022 A000005 DONALDSON LUFKIN & JENRETTE
022 B000005 13-2741729
022 C000005     47286
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022 B000007 13-3299429
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022 D000007     21074
022 A000008 SLOMON SMITH BARNEY
022 B000008 13-2919773
022 C000008     30092
022 D000008     22156
022 A000009 BANKERS TRUST
022 B000009 35-0416090
022 C000009     48119
022 D000009         0
022 A000010 ESI SECURITIES
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022 C000010     32054
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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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<PAGE>      PAGE  19
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<PAGE>      PAGE  20
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<PAGE>      PAGE  21
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<PAGE>      PAGE  22
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<PAGE>      PAGE  23
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<PAGE>      PAGE  24
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<PAGE>      PAGE  25
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<PAGE>      PAGE  26
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<PAGE>      PAGE  27
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<PAGE>      PAGE  28
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<PAGE>      PAGE  29
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SIGNATURE   VAN J. BILLOPS
TITLE       ASST. VICE PRESIDENT


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)

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</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>
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</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
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<DIVIDEND-INCOME>                                    0
<INTEREST-INCOME>                            8,297,961
<OTHER-INCOME>                                       0
<EXPENSES-NET>                             (1,271,752)
<NET-INVESTMENT-INCOME>                      7,026,209
<REALIZED-GAINS-CURRENT>                       113,049
<APPREC-INCREASE-CURRENT>                  (6,623,311)
<NET-CHANGE-FROM-OPS>                          515,947
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                    (244,492)
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                        357,156
<NUMBER-OF-SHARES-REDEEMED>                   (88,647)
<SHARES-REINVESTED>                             19,438
<NET-CHANGE-IN-ASSETS>                       3,361,777
<ACCUMULATED-NII-PRIOR>                              0
<ACCUMULATED-GAINS-PRIOR>                  (7,061,548)
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                          495,535
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                              1,341,329
<AVERAGE-NET-ASSETS>                       132,147,446
<PER-SHARE-NAV-BEGIN>                            12.65
<PER-SHARE-NII>                                    .70
<PER-SHARE-GAIN-APPREC>                          (.60)
<PER-SHARE-DIVIDEND>                             (.70)
<PER-SHARE-DISTRIBUTIONS>                            0
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              12.05
<EXPENSE-RATIO>                                    .60


</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> 2
   <NAME> THORNBURG NEW MEXICO MUNICIPAL FUND (A)

<S>                             <C>
<PERIOD-TYPE>                   12-MOS
<FISCAL-YEAR-END>                          SEP-30-1999
<PERIOD-END>                               SEP-30-1999
<INVESTMENTS-AT-COST>                      152,991,131
<INVESTMENTS-AT-VALUE>                     155,486,473
<RECEIVABLES>                                3,159,529
<ASSETS-OTHER>                                 105,992
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                             158,751,994
<PAYABLE-FOR-SECURITIES>                     1,364,022
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                      726,241
<TOTAL-LIABILITIES>                          2,090,263
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                   155,107,859
<SHARES-COMMON-STOCK>                       12,034,801
<SHARES-COMMON-PRIOR>                       11,385,588
<ACCUMULATED-NII-CURRENT>                            0
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                      (941,470)
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                     2,495,342
<NET-ASSETS>                               156,661,731
<DIVIDEND-INCOME>                                    0
<INTEREST-INCOME>                            8,795,167
<OTHER-INCOME>                                       0
<EXPENSES-NET>                             (1,571,798)
<NET-INVESTMENT-INCOME>                      7,214,796
<REALIZED-GAINS-CURRENT>                     (192,060)
<APPREC-INCREASE-CURRENT>                  (6,146,730)
<NET-CHANGE-FROM-OPS>                          884,579
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                  (7,214,796)
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                      2,476,782
<NUMBER-OF-SHARES-REDEEMED>                (2,151,671)
<SHARES-REINVESTED>                            324,102
<NET-CHANGE-IN-ASSETS>                       2,421,512
<ACCUMULATED-NII-PRIOR>                              0
<ACCUMULATED-GAINS-PRIOR>                    (749,410)
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                          790,363
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                              1,609,264
<AVERAGE-NET-ASSETS>                       158,075,288
<PER-SHARE-NAV-BEGIN>                            13.45
<PER-SHARE-NII>                                    .61
<PER-SHARE-GAIN-APPREC>                          (.53)
<PER-SHARE-DIVIDEND>                             (.61)
<PER-SHARE-DISTRIBUTIONS>                            0
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              12.92
<EXPENSE-RATIO>                                    .99
[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> 2
   <NAME> THORNBURG NEW MEXICO MUNICIPAL FUND (D)

<S>                             <C>
<PERIOD-TYPE>                   12-MOS
<FISCAL-YEAR-END>                          SEP-30-1999
<PERIOD-END>                               SEP-30-1999
<INVESTMENTS-AT-COST>                      152,991,131
<INVESTMENTS-AT-VALUE>                     155,486,473
<RECEIVABLES>                                3,159,529
<ASSETS-OTHER>                                 105,992
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                             158,751,994
<PAYABLE-FOR-SECURITIES>                     1,364,022
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                      726,241
<TOTAL-LIABILITIES>                          2,090,263
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                   155,107,859
<SHARES-COMMON-STOCK>                           86,789
<SHARES-COMMON-PRIOR>                                0
<ACCUMULATED-NII-CURRENT>                            0
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                      (941,470)
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                     2,495,342
<NET-ASSETS>                               156,661,731
<DIVIDEND-INCOME>                                    0
<INTEREST-INCOME>                            8,795,167
<OTHER-INCOME>                                       0
<EXPENSES-NET>                             (1,571,798)
<NET-INVESTMENT-INCOME>                      7,223,369
<REALIZED-GAINS-CURRENT>                     (192,060)
<APPREC-INCREASE-CURRENT>                  (6,146,730)
<NET-CHANGE-FROM-OPS>                          884,579
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                      (8,573)
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                         86,525
<NUMBER-OF-SHARES-REDEEMED>                          0
<SHARES-REINVESTED>                                264
<NET-CHANGE-IN-ASSETS>                       1,122,062
<ACCUMULATED-NII-PRIOR>                              0
<ACCUMULATED-GAINS-PRIOR>                    (749,410)
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                          790,363
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                              1,609,264
<AVERAGE-NET-ASSETS>                       158,075,288
<PER-SHARE-NAV-BEGIN>                            13.20
<PER-SHARE-NII>                                    .19
<PER-SHARE-GAIN-APPREC>                          (.27)
<PER-SHARE-DIVIDEND>                             (.19)
<PER-SHARE-DISTRIBUTIONS>                            0
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              12.93
<EXPENSE-RATIO>                                   1.27
[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 FUND (A)

<S>                             <C>
<PERIOD-TYPE>                   12-MOS
<FISCAL-YEAR-END>                          SEP-30-1999
<PERIOD-END>                               SEP-30-1999
<INVESTMENTS-AT-COST>                      432,157,067
<INVESTMENTS-AT-VALUE>                     435,924,422
<RECEIVABLES>                               18,075,657
<ASSETS-OTHER>                                 653,210
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                             454,653,289
<PAYABLE-FOR-SECURITIES>                    38,114,819
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                    1,382,029
<TOTAL-LIABILITIES>                         39,496,848
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                   416,761,877
<SHARES-COMMON-STOCK>                       27,994,217
<SHARES-COMMON-PRIOR>                       26,759,376
<ACCUMULATED-NII-CURRENT>                            0
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                    (5,372,791)
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                     3,767,355
<NET-ASSETS>                               415,156,441
<DIVIDEND-INCOME>                                    0
<INTEREST-INCOME>                           23,582,452
<OTHER-INCOME>                                       0
<EXPENSES-NET>                             (4,237,498)
<NET-INVESTMENT-INCOME>                     19,344,954
<REALIZED-GAINS-CURRENT>                   (1,706,387)
<APPREC-INCREASE-CURRENT>                 (22,393,490)
<NET-CHANGE-FROM-OPS>                      (4,754,923)
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                 (17,170,391)
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                      5,704,529
<NUMBER-OF-SHARES-REDEEMED>                (5,288,828)
<SHARES-REINVESTED>                            819,140
<NET-CHANGE-IN-ASSETS>                     (4,199,864)
<ACCUMULATED-NII-PRIOR>                              0
<ACCUMULATED-GAINS-PRIOR>                  (3,352,216)
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                        2,111,379
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                              4,474,692
<AVERAGE-NET-ASSETS>                       422,309,322
<PER-SHARE-NAV-BEGIN>                            13.76
<PER-SHARE-NII>                                    .62
<PER-SHARE-GAIN-APPREC>                          (.76)
<PER-SHARE-DIVIDEND>                             (.62)
<PER-SHARE-DISTRIBUTIONS>                            0
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              13.00
<EXPENSE-RATIO>                                    .99
[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 FUND (C)

<S>                             <C>
<PERIOD-TYPE>                   12-MOS
<FISCAL-YEAR-END>                          SEP-30-1999
<PERIOD-END>                               SEP-30-1999
<INVESTMENTS-AT-COST>                      432,157,067
<INVESTMENTS-AT-VALUE>                     435,924,422
<RECEIVABLES>                               18,075,657
<ASSETS-OTHER>                                 653,210
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                             454,653,289
<PAYABLE-FOR-SECURITIES>                    38,114,819
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                    1,382,029
<TOTAL-LIABILITIES>                         39,496,848
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                   416,761,877
<SHARES-COMMON-STOCK>                        2,494,963
<SHARES-COMMON-PRIOR>                        1,513,899
<ACCUMULATED-NII-CURRENT>                            0
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                    (5,372,791)
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                     3,767,355
<NET-ASSETS>                               415,156,441
<DIVIDEND-INCOME>                                    0
<INTEREST-INCOME>                           23,582,452
<OTHER-INCOME>                                       0
<EXPENSES-NET>                             (4,237,498)
<NET-INVESTMENT-INCOME>                     19,344,954
<REALIZED-GAINS-CURRENT>                   (1,706,387)
<APPREC-INCREASE-CURRENT>                 (22,393,490)
<NET-CHANGE-FROM-OPS>                      (4,754,923)
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                  (1,101,652)
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                      1,556,226
<NUMBER-OF-SHARES-REDEEMED>                  (644,090)
<SHARES-REINVESTED>                             68,928
<NET-CHANGE-IN-ASSETS>                     (2,079,823)
<ACCUMULATED-NII-PRIOR>                              0
<ACCUMULATED-GAINS-PRIOR>                  (3,352,216)
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                        2,111,379
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                              4,474,692
<AVERAGE-NET-ASSETS>                       422,309,322
<PER-SHARE-NAV-BEGIN>                            13.77
<PER-SHARE-NII>                                    .56
<PER-SHARE-GAIN-APPREC>                          (.75)
<PER-SHARE-DIVIDEND>                             (.56)
<PER-SHARE-DISTRIBUTIONS>                            0
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              13.02
<EXPENSE-RATIO>                                   1.40
[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 FUND (I)

<S>                             <C>
<PERIOD-TYPE>                   12-MOS
<FISCAL-YEAR-END>                          SEP-30-1999
<PERIOD-END>                               SEP-30-1999
<INVESTMENTS-AT-COST>                      432,157,067
<INVESTMENTS-AT-VALUE>                     435,924,422
<RECEIVABLES>                               18,075,657
<ASSETS-OTHER>                                 653,210
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                             454,653,289
<PAYABLE-FOR-SECURITIES>                    38,114,819
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                    1,382,029
<TOTAL-LIABILITIES>                         39,496,848
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                   416,761,877
<SHARES-COMMON-STOCK>                        1,446,106
<SHARES-COMMON-PRIOR>                        1,489,498
<ACCUMULATED-NII-CURRENT>                            0
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                    (5,372,791)
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                     3,767,355
<NET-ASSETS>                               415,156,441
<DIVIDEND-INCOME>                                    0
<INTEREST-INCOME>                           23,582,452
<OTHER-INCOME>                                       0
<EXPENSES-NET>                             (4,237,498)
<NET-INVESTMENT-INCOME>                     19,344,954
<REALIZED-GAINS-CURRENT>                   (1,706,387)
<APPREC-INCREASE-CURRENT>                 (22,393,490)
<NET-CHANGE-FROM-OPS>                      (4,754,923)
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                  (1,072,911)
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                        578,942
<NUMBER-OF-SHARES-REDEEMED>                  (651,720)
<SHARES-REINVESTED>                             29,386
<NET-CHANGE-IN-ASSETS>                     (1,688,802)
<ACCUMULATED-NII-PRIOR>                              0
<ACCUMULATED-GAINS-PRIOR>                  (3,352,216)
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                        2,111,379
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                              4,474,692
<AVERAGE-NET-ASSETS>                       422,309,322
<PER-SHARE-NAV-BEGIN>                            13.74
<PER-SHARE-NII>                                    .66
<PER-SHARE-GAIN-APPREC>                          (.76)
<PER-SHARE-DIVIDEND>                             (.66)
<PER-SHARE-DISTRIBUTIONS>                            0
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              12.98
<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-30-1999
<PERIOD-END>                               SEP-30-1999
<INVESTMENTS-AT-COST>                       59,020,534
<INVESTMENTS-AT-VALUE>                      58,681,209
<RECEIVABLES>                                1,385,197
<ASSETS-OTHER>                                 147,954
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                              60,214,360
<PAYABLE-FOR-SECURITIES>                     1,303,248
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                      406,218
<TOTAL-LIABILITIES>                          1,709,466
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                    59,998,851
<SHARES-COMMON-STOCK>                        3,440,200
<SHARES-COMMON-PRIOR>                        2,869,867
<ACCUMULATED-NII-CURRENT>                            0
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                    (1,070,099)
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                     (339,325)
<NET-ASSETS>                                58,504,894
<DIVIDEND-INCOME>                                    0
<INTEREST-INCOME>                            3,607,299
<OTHER-INCOME>                                       0
<EXPENSES-NET>                               (538,390)
<NET-INVESTMENT-INCOME>                      3,068,909
<REALIZED-GAINS-CURRENT>                     (233,873)
<APPREC-INCREASE-CURRENT>                  (2,250,614)
<NET-CHANGE-FROM-OPS>                          584,422
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                  (1,970,027)
<DISTRIBUTIONS-OF-GAINS>                     (177,137)
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                      1,093,764
<NUMBER-OF-SHARES-REDEEMED>                  (640,785)
<SHARES-REINVESTED>                            117,354
<NET-CHANGE-IN-ASSETS>                       5,183,974
<ACCUMULATED-NII-PRIOR>                              0
<ACCUMULATED-GAINS-PRIOR>                  (1,157,238)
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                          270,173
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                700,387
<AVERAGE-NET-ASSETS>                        54,035,285
<PER-SHARE-NAV-BEGIN>                            12.50
<PER-SHARE-NII>                                    .69
<PER-SHARE-GAIN-APPREC>                          (.57)
<PER-SHARE-DIVIDEND>                             (.69)
<PER-SHARE-DISTRIBUTIONS>                            0
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              11.93
<EXPENSE-RATIO>                                    .99
[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-30-1999
<PERIOD-END>                               SEP-30-1999
<INVESTMENTS-AT-COST>                       59,020,534
<INVESTMENTS-AT-VALUE>                      58,681,209
<RECEIVABLES>                                1,385,197
<ASSETS-OTHER>                                 147,954
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                              60,214,360
<PAYABLE-FOR-SECURITIES>                     1,303,248
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                      406,218
<TOTAL-LIABILITIES>                          1,709,466
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                    59,998,851
<SHARES-COMMON-STOCK>                          632,235
<SHARES-COMMON-PRIOR>                          573,094
<ACCUMULATED-NII-CURRENT>                            0
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                    (1,070,099)
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                     (339,325)
<NET-ASSETS>                                58,504,894
<DIVIDEND-INCOME>                                    0
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<EXPENSES-NET>                               (538,390)
<NET-INVESTMENT-INCOME>                      3,068,909
<REALIZED-GAINS-CURRENT>                     (233,873)
<APPREC-INCREASE-CURRENT>                  (2,250,614)
<NET-CHANGE-FROM-OPS>                          584,422
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                    (344,083)
<DISTRIBUTIONS-OF-GAINS>                      (32,483)
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<NUMBER-OF-SHARES-SOLD>                        220,299
<NUMBER-OF-SHARES-REDEEMED>                  (186,698)
<SHARES-REINVESTED>                             25,540
<NET-CHANGE-IN-ASSETS>                         380,639
<ACCUMULATED-NII-PRIOR>                              0
<ACCUMULATED-GAINS-PRIOR>                  (1,157,238)
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
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<GROSS-EXPENSE>                                700,387
<AVERAGE-NET-ASSETS>                        54,035,285
<PER-SHARE-NAV-BEGIN>                            12.47
<PER-SHARE-NII>                                    .64
<PER-SHARE-GAIN-APPREC>                          (.56)
<PER-SHARE-DIVIDEND>                             (.64)
<PER-SHARE-DISTRIBUTIONS>                            0
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              11.91
<EXPENSE-RATIO>                                   1.40
[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 (I)

<S>                             <C>
<PERIOD-TYPE>                   12-MOS
<FISCAL-YEAR-END>                          SEP-30-1999
<PERIOD-END>                               SEP-30-1999
<INVESTMENTS-AT-COST>                       59,020,534
<INVESTMENTS-AT-VALUE>                      58,681,209
<RECEIVABLES>                                1,385,197
<ASSETS-OTHER>                                 147,954
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                              60,214,360
<PAYABLE-FOR-SECURITIES>                     1,303,248
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                      406,218
<TOTAL-LIABILITIES>                          1,709,466
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                    59,998,851
<SHARES-COMMON-STOCK>                          832,216
<SHARES-COMMON-PRIOR>                          621,723
<ACCUMULATED-NII-CURRENT>                            0
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                    (1,070,099)
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                     (339,325)
<NET-ASSETS>                                58,504,894
<DIVIDEND-INCOME>                                    0
<INTEREST-INCOME>                            3,607,299
<OTHER-INCOME>                                       0
<EXPENSES-NET>                               (538,390)
<NET-INVESTMENT-INCOME>                      3,068,909
<REALIZED-GAINS-CURRENT>                     (233,873)
<APPREC-INCREASE-CURRENT>                  (2,250,614)
<NET-CHANGE-FROM-OPS>                          584,422
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                    (502,339)
<DISTRIBUTIONS-OF-GAINS>                      (42,840)
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                        410,854
<NUMBER-OF-SHARES-REDEEMED>                  (233,959)
<SHARES-REINVESTED>                             33,598
<NET-CHANGE-IN-ASSETS>                       2,158,954
<ACCUMULATED-NII-PRIOR>                              0
<ACCUMULATED-GAINS-PRIOR>                  (1,157,238)
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                          270,173
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                700,387
<AVERAGE-NET-ASSETS>                        54,035,285
<PER-SHARE-NAV-BEGIN>                            12.50
<PER-SHARE-NII>                                    .73
<PER-SHARE-GAIN-APPREC>                          (.57)
<PER-SHARE-DIVIDEND>                             (.73)
<PER-SHARE-DISTRIBUTIONS>                            0
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              11.93
<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-30-1999
<PERIOD-END>                               SEP-30-1999
<INVESTMENTS-AT-COST>                      482,998,639
<INVESTMENTS-AT-VALUE>                     548,380,866
<RECEIVABLES>                               13,967,978
<ASSETS-OTHER>                              11,438,922
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                             573,787,766
<PAYABLE-FOR-SECURITIES>                    23,325,895
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                    3,205,024
<TOTAL-LIABILITIES>                         26,530,919
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                   473,949,897
<SHARES-COMMON-STOCK>                       13,776,135
<SHARES-COMMON-PRIOR>                        7,727,057
<ACCUMULATED-NII-CURRENT>                            0
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                              0
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                    65,382,227
<NET-ASSETS>                               547,256,847
<DIVIDEND-INCOME>                            6,558,699
<INTEREST-INCOME>                              721,348
<OTHER-INCOME>                                 287,695
<EXPENSES-NET>                             (5,839,241)
<NET-INVESTMENT-INCOME>                      1,728,501
<REALIZED-GAINS-CURRENT>                    11,550,239
<APPREC-INCREASE-CURRENT>                   59,067,284
<NET-CHANGE-FROM-OPS>                       72,346,024
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                  (2,125,801)
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                      9,050,261
<NUMBER-OF-SHARES-REDEEMED>                (3,074,913)
<SHARES-REINVESTED>                             73,730
<NET-CHANGE-IN-ASSETS>                     210,473,885
<ACCUMULATED-NII-PRIOR>                              0
<ACCUMULATED-GAINS-PRIOR>                            0
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                        3,210,299
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                              5,875,237
<AVERAGE-NET-ASSETS>                       364,952,502
<PER-SHARE-NAV-BEGIN>                            19.48
<PER-SHARE-NII>                                    .16
<PER-SHARE-GAIN-APPREC>                           6.76
<PER-SHARE-DIVIDEND>                             (.20)
<PER-SHARE-DISTRIBUTIONS>                            0
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              26.20
<EXPENSE-RATIO>                                   1.44
[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 (C)

<S>                             <C>
<PERIOD-TYPE>                   12-MOS
<FISCAL-YEAR-END>                          SEP-30-1999
<PERIOD-END>                               SEP-30-1999
<INVESTMENTS-AT-COST>                      482,998,639
<INVESTMENTS-AT-VALUE>                     548,380,866
<RECEIVABLES>                               13,967,978
<ASSETS-OTHER>                              11,438,922
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                             573,787,766
<PAYABLE-FOR-SECURITIES>                    23,325,895
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                    3,205,024
<TOTAL-LIABILITIES>                         26,530,919
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                   473,949,897
<SHARES-COMMON-STOCK>                        5,136,388
<SHARES-COMMON-PRIOR>                        2,134,876
<ACCUMULATED-NII-CURRENT>                            0
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                              0
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                    65,382,227
<NET-ASSETS>                               547,256,847
<DIVIDEND-INCOME>                            6,558,699
<INTEREST-INCOME>                              721,348
<OTHER-INCOME>                                 287,695
<EXPENSES-NET>                             (5,839,241)
<NET-INVESTMENT-INCOME>                      1,728,501
<REALIZED-GAINS-CURRENT>                    11,550,239
<APPREC-INCREASE-CURRENT>                   59,067,284
<NET-CHANGE-FROM-OPS>                       72,346,024
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                    (251,359)
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                      3,233,243
<NUMBER-OF-SHARES-REDEEMED>                  (239,159)
<SHARES-REINVESTED>                              7,428
<NET-CHANGE-IN-ASSETS>                      92,419,883
<ACCUMULATED-NII-PRIOR>                              0
<ACCUMULATED-GAINS-PRIOR>                            0
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                        3,210,299
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                              5,875,237
<AVERAGE-NET-ASSETS>                       364,952,502
<PER-SHARE-NAV-BEGIN>                            19.45
<PER-SHARE-NII>                                  (.01)
<PER-SHARE-GAIN-APPREC>                           6.71
<PER-SHARE-DIVIDEND>                             (.07)
<PER-SHARE-DISTRIBUTIONS>                            0
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              26.08
<EXPENSE-RATIO>                                   2.23
[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 (I)

<S>                             <C>
<PERIOD-TYPE>                   11-MOS
<FISCAL-YEAR-END>                          SEP-30-1999
<PERIOD-END>                               SEP-30-1999
<INVESTMENTS-AT-COST>                      482,998,639
<INVESTMENTS-AT-VALUE>                     548,380,866
<RECEIVABLES>                               13,967,978
<ASSETS-OTHER>                              11,438,922
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                             573,787,766
<PAYABLE-FOR-SECURITIES>                    23,325,895
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                    3,205,024
<TOTAL-LIABILITIES>                         26,530,919
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                   473,949,897
<SHARES-COMMON-STOCK>                        1,994,090
<SHARES-COMMON-PRIOR>                                0
<ACCUMULATED-NII-CURRENT>                            0
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                              0
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                    65,382,227
<NET-ASSETS>                               547,256,847
<DIVIDEND-INCOME>                            6,558,699
<INTEREST-INCOME>                              721,348
<OTHER-INCOME>                                 287,695
<EXPENSES-NET>                             (5,839,241)
<NET-INVESTMENT-INCOME>                      1,728,501
<REALIZED-GAINS-CURRENT>                    11,550,239
<APPREC-INCREASE-CURRENT>                   59,067,284
<NET-CHANGE-FROM-OPS>                       72,346,024
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                    (302,311)
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                      2,014,660
<NUMBER-OF-SHARES-REDEEMED>                   (31,874)
<SHARES-REINVESTED>                             11,304
<NET-CHANGE-IN-ASSETS>                      52,357,018
<ACCUMULATED-NII-PRIOR>                              0
<ACCUMULATED-GAINS-PRIOR>                            0
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                        3,210,299
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                              5,875,237
<AVERAGE-NET-ASSETS>                       364,952,502
<PER-SHARE-NAV-BEGIN>                            21.78
<PER-SHARE-NII>                                    .25
<PER-SHARE-GAIN-APPREC>                           4.48
<PER-SHARE-DIVIDEND>                             (.25)
<PER-SHARE-DISTRIBUTIONS>                            0
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              26.26
<EXPENSE-RATIO>                                    .99
[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 FUND (A)

<S>                             <C>
<PERIOD-TYPE>                   12-MOS
<FISCAL-YEAR-END>                          SEP-30-1999
<PERIOD-END>                               SEP-30-1999
<INVESTMENTS-AT-COST>                       31,328,492
<INVESTMENTS-AT-VALUE>                      31,437,691
<RECEIVABLES>                                  579,166
<ASSETS-OTHER>                                     522
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                              32,089,344
<PAYABLE-FOR-SECURITIES>                     1,687,065
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                      181,191
<TOTAL-LIABILITIES>                          1,868,256
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                    30,479,242
<SHARES-COMMON-STOCK>                        2,563,502
<SHARES-COMMON-PRIOR>                        2,271,176
<ACCUMULATED-NII-CURRENT>                            0
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                      (367,353)
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                       109,199
<NET-ASSETS>                                30,221,088
<DIVIDEND-INCOME>                                    0
<INTEREST-INCOME>                            1,647,260
<OTHER-INCOME>                                       0
<EXPENSES-NET>                               (301,155)
<NET-INVESTMENT-INCOME>                      1,346,105
<REALIZED-GAINS-CURRENT>                     (215,943)
<APPREC-INCREASE-CURRENT>                  (1,257,165)
<NET-CHANGE-FROM-OPS>                      (1,473,108)
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                  (1,346,105)
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                        773,239
<NUMBER-OF-SHARES-REDEEMED>                  (529,473)
<SHARES-REINVESTED>                             48,560
<NET-CHANGE-IN-ASSETS>                       2,130,537
<ACCUMULATED-NII-PRIOR>                              0
<ACCUMULATED-GAINS-PRIOR>                    (151,410)
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                          151,487
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                325,594
<AVERAGE-NET-ASSETS>                        30,296,550
<PER-SHARE-NAV-BEGIN>                            12.37
<PER-SHARE-NII>                                    .54
<PER-SHARE-GAIN-APPREC>                          (.58)
<PER-SHARE-DIVIDEND>                             (.54)
<PER-SHARE-DISTRIBUTIONS>                            0
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              11.79
<EXPENSE-RATIO>                                    .99


</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> 7
   <NAME> THORNBURG GLOBAL VALUE FUND(A)

<S>                             <C>
<PERIOD-TYPE>                   12-MOS
<FISCAL-YEAR-END>                          SEP-30-1999
<PERIOD-END>                               SEP-30-1999
<INVESTMENTS-AT-COST>                       23,689,830
<INVESTMENTS-AT-VALUE>                      25,650,632
<RECEIVABLES>                                  718,558
<ASSETS-OTHER>                                 915,238
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                              27,284,428
<PAYABLE-FOR-SECURITIES>                       481,740
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                      365,661
<TOTAL-LIABILITIES>                            847,401
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                    24,620,082
<SHARES-COMMON-STOCK>                        1,791,918
<SHARES-COMMON-PRIOR>                          759,624
<ACCUMULATED-NII-CURRENT>                            0
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                        200,250
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                     1,960,802
<NET-ASSETS>                                26,437,027
<DIVIDEND-INCOME>                              352,740
<INTEREST-INCOME>                               33,450
<OTHER-INCOME>                                       0
<EXPENSES-NET>                               (248,020)
<NET-INVESTMENT-INCOME>                        138,170
<REALIZED-GAINS-CURRENT>                       526,485
<APPREC-INCREASE-CURRENT>                    3,017,586
<NET-CHANGE-FROM-OPS>                        3,682,241
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                    (160,511)
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                      1,086,840
<NUMBER-OF-SHARES-REDEEMED>                   (67,404)
<SHARES-REINVESTED>                             12,858
<NET-CHANGE-IN-ASSETS>                      15,762,830
<ACCUMULATED-NII-PRIOR>                              0
<ACCUMULATED-GAINS-PRIOR>                            0
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                          126,367
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                307,515
<AVERAGE-NET-ASSETS>                        14,426,671
<PER-SHARE-NAV-BEGIN>                             9.79
<PER-SHARE-NII>                                    .12
<PER-SHARE-GAIN-APPREC>                           3.18
<PER-SHARE-DIVIDEND>                             (.14)
<PER-SHARE-DISTRIBUTIONS>                            0
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              12.95
<EXPENSE-RATIO>                                   1.63
[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> 7
   <NAME> THORNBURG GLOBAL VALUE FUND(C)

<S>                             <C>
<PERIOD-TYPE>                   12-MOS
<FISCAL-YEAR-END>                          SEP-30-1999
<PERIOD-END>                               SEP-30-1999
<INVESTMENTS-AT-COST>                       23,689,830
<INVESTMENTS-AT-VALUE>                      25,650,632
<RECEIVABLES>                                  718,558
<ASSETS-OTHER>                                 915,238
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                              27,284,428
<PAYABLE-FOR-SECURITIES>                       481,740
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                      365,661
<TOTAL-LIABILITIES>                            847,401
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                    24,620,082
<SHARES-COMMON-STOCK>                          251,212
<SHARES-COMMON-PRIOR>                           59,070
<ACCUMULATED-NII-CURRENT>                            0
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                        200,250
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                     1,960,802
<NET-ASSETS>                                26,437,027
<DIVIDEND-INCOME>                              352,740
<INTEREST-INCOME>                               33,450
<OTHER-INCOME>                                       0
<EXPENSES-NET>                               (248,020)
<NET-INVESTMENT-INCOME>                        138,170
<REALIZED-GAINS-CURRENT>                       526,485
<APPREC-INCREASE-CURRENT>                    3,017,586
<NET-CHANGE-FROM-OPS>                        3,682,241
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                     (11,023)
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                        216,126
<NUMBER-OF-SHARES-REDEEMED>                   (24,628)
<SHARES-REINVESTED>                                644
<NET-CHANGE-IN-ASSETS>                       2,657,294
<ACCUMULATED-NII-PRIOR>                              0
<ACCUMULATED-GAINS-PRIOR>                            0
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                          126,367
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                307,515
<AVERAGE-NET-ASSETS>                        14,426,671
<PER-SHARE-NAV-BEGIN>                             9.77
<PER-SHARE-NII>                                    .04
<PER-SHARE-GAIN-APPREC>                           3.14
<PER-SHARE-DIVIDEND>                             (.07)
<PER-SHARE-DISTRIBUTIONS>                            0
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              12.88
<EXPENSE-RATIO>                                   2.38
[AVG-DEBT-OUTSTANDING]                               0
[AVG-DEBT-PER-SHARE]                                 0


</TABLE>


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