THORNBURG INVESTMENT TRUST
NSAR-AT, 2000-05-26
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<PAGE>      PAGE  1
000 A000000 03/31/2000
000 C000000 0000816153
000 D000000 Y
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 FUND
007 C030100 N
007 C010200  2
007 C020200 THORNBURG NEW MEXICO INTERMEDIATE MUNI FUND
007 C030200 N
007 C010300  3
007 C020300 THORNBURG INTERMEDIATE MUNICIPAL - NATIONAL
007 C030300 N
007 C010400  4
007 C020400 THORNBURG LIMITED TERM INCOME FUND
007 C030400 N
007 C010500  5
007 C020500 THORNBURG VALUE FUND
007 C030500 N
007 C010600  6
007 C020600 THORNBURG FLORIDA INTERMEDIATE MUNI FUND
007 C030600 N
007 C010700  7
007 C020700 THORNBURG GLOBAL VALUE FUND
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 MCGLADREY & PULLEN
013 B01AA01 NEW YORK
013 B02AA01 NY
013 B03AA01 10017
013 B04AA01 2146
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
020 B000001 13-5674085
020 C000001     78
020 A000002 MORGAN STANLEY
020 B000002 13-2655998
020 C000002     72
020 A000003 PAINE WEBBER
020 B000003 13-2638166
020 C000003     57
020 A000004 BEAR STEARNS
020 B000004 13-3299429
020 C000004     55
020 A000005 GOLDMAN SACHS
020 B000005 13-5108880
020 C000005     47
020 A000006 JEFFERIES AND CORP.
020 B000006 95-2622900
020 C000006     42
020 A000007 US CLEARING CORP
020 B000007 13-3458163
020 C000007     41
020 A000008 A.G. EDWARDS
020 B000008 43-0895447
020 C000008     33
020 A000009 SALOMON SMITH BARNEY
020 B000009 13-2919773
020 C000009     29
020 A000010 ROBERTSON STEPHENS
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020 C000010     28
<PAGE>      PAGE  3
021  000000      974
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022 C000002    317716
022 D000002      2450
022 A000003 PAINE WEBBER
022 B000003 13-2638166
022 C000003     75389
022 D000003     51227
022 A000004 MORGAN STANLEY
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022 C000004     94502
022 D000004     19742
022 A000005 GOLDMAN SACHS
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022 C000005     69871
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022 A000006 CITI BANK
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022 C000006     67969
022 D000006         0
022 A000007 CHASE MANHATTAN
022 B000007 76-0159718
022 C000007     48853
022 D000007         0
022 A000008 DONALDSON LUFKIN & JENRETTE
022 B000008 13-2741729
022 C000008     43069
022 D000008      1433
022 A000009 SALOMON SMITH BARNEY
022 B000009 13-2919773
022 C000009     26011
022 D000009     18455
022 A000010 BEAR STEARNS SECURITIES
022 B000010 13-3299429
022 C000010     23997
022 D000010     14870
023 C000000    1587305
023 D000000    1228266
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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  27
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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

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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

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<NUMBER-OF-SHARES-SOLD>                         30,036
<NUMBER-OF-SHARES-REDEEMED>                  (141,199)
<SHARES-REINVESTED>                             12,502
<NET-CHANGE-IN-ASSETS>                     (1,257,878)
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<OVERDISTRIB-NII-PRIOR>                              0
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<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                611,193
<AVERAGE-NET-ASSETS>                       117,244,946
<PER-SHARE-NAV-BEGIN>                            12.05
<PER-SHARE-NII>                                    .36
<PER-SHARE-GAIN-APPREC>                          (.19)
<PER-SHARE-DIVIDEND>                             (.36)
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<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              11.86
<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 INTERMEDIATE MUNICIPAL FUND - A

<S>                             <C>
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          SEP-30-2000
<PERIOD-END>                               MAR-31-2000
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<INVESTMENTS-AT-VALUE>                     146,141,829
<RECEIVABLES>                                4,089,515
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<PAYABLE-FOR-SECURITIES>                       891,032
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<SHARES-COMMON-STOCK>                       11,514,806
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<ACCUM-APPREC-OR-DEPREC>                     1,672,972
<NET-ASSETS>                               148,693,924
<DIVIDEND-INCOME>                                    0
<INTEREST-INCOME>                            4,380,475
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<EXPENSES-NET>                               (754,486)
<NET-INVESTMENT-INCOME>                      3,625,989
<REALIZED-GAINS-CURRENT>                     (801,765)
<APPREC-INCREASE-CURRENT>                    (822,370)
<NET-CHANGE-FROM-OPS>                        2,001,854
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                  (3,598,973)
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<NUMBER-OF-SHARES-REDEEMED>                (1,760,512)
<SHARES-REINVESTED>                            161,878
<NET-CHANGE-IN-ASSETS>                     (8,276,703)
<ACCUMULATED-NII-PRIOR>                              0
<ACCUMULATED-GAINS-PRIOR>                    (940,809)
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                          378,748
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                793,180
<AVERAGE-NET-ASSETS>                       151,484,490
<PER-SHARE-NAV-BEGIN>                            12.92
<PER-SHARE-NII>                                    .31
<PER-SHARE-GAIN-APPREC>                          (.13)
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<PER-SHARE-DISTRIBUTIONS>                            0
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              12.79
<EXPENSE-RATIO>                                    .99


</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000816153
<NAME> THORNBURG INVESTMENT TRUST
<SERIES>
   <NUMBER> 2
   <NAME> THORNBURG NEW MEXICO INTERMEDIATE MUNICIPAL FUND - D

<S>                             <C>
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          SEP-30-2000
<PERIOD-END>                               MAR-31-2000
<INVESTMENTS-AT-COST>                      144,468,857
<INVESTMENTS-AT-VALUE>                     146,141,829
<RECEIVABLES>                                4,089,515
<ASSETS-OTHER>                                 197,171
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                             150,428,515
<PAYABLE-FOR-SECURITIES>                       891,032
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                      843,559
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<PAID-IN-CAPITAL-COMMON>                   148,764,187
<SHARES-COMMON-STOCK>                          111,851
<SHARES-COMMON-PRIOR>                           86,789
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<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                    (1,661,060)
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                     1,672,972
<NET-ASSETS>                               148,693,924
<DIVIDEND-INCOME>                                    0
<INTEREST-INCOME>                            4,380,475
<OTHER-INCOME>                                       0
<EXPENSES-NET>                               (754,486)
<NET-INVESTMENT-INCOME>                      3,625,989
<REALIZED-GAINS-CURRENT>                     (801,765)
<APPREC-INCREASE-CURRENT>                    (822,370)
<NET-CHANGE-FROM-OPS>                        2,001,854
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                     (27,016)
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                         49,595
<NUMBER-OF-SHARES-REDEEMED>                   (25,193)
<SHARES-REINVESTED>                                660
<NET-CHANGE-IN-ASSETS>                         308,896
<ACCUMULATED-NII-PRIOR>                              0
<ACCUMULATED-GAINS-PRIOR>                    (940,809)
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                          378,748
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                793,180
<AVERAGE-NET-ASSETS>                       151,484,490
<PER-SHARE-NAV-BEGIN>                            12.93
<PER-SHARE-NII>                                    .29
<PER-SHARE-GAIN-APPREC>                          (.41)
<PER-SHARE-DIVIDEND>                             (.29)
<PER-SHARE-DISTRIBUTIONS>                            0
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              12.79
<EXPENSE-RATIO>                                   1.25


</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>                   6-MOS
<FISCAL-YEAR-END>                          SEP-30-2000
<PERIOD-END>                               MAR-31-2000
<INVESTMENTS-AT-COST>                      384,699,048
<INVESTMENTS-AT-VALUE>                     385,618,207
<RECEIVABLES>                               16,808,274
<ASSETS-OTHER>                                  34,827
<OTHER-ITEMS-ASSETS>                                 0
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<PAYABLE-FOR-SECURITIES>                     9,788,378
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                    3,854,504
<TOTAL-LIABILITIES>                         13,642,882
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                   396,008,256
<SHARES-COMMON-STOCK>                       26,231,821
<SHARES-COMMON-PRIOR>                       27,994,217
<ACCUMULATED-NII-CURRENT>                            0
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                    (7,850,593)
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                       919,159
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<DIVIDEND-INCOME>                                    0
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<OTHER-INCOME>                                       0
<EXPENSES-NET>                             (1,967,839)
<NET-INVESTMENT-INCOME>                      9,638,698
<REALIZED-GAINS-CURRENT>                   (2,870,386)
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<NET-CHANGE-FROM-OPS>                        3,965,115
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                  (8,465,182)
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                      2,569,838
<NUMBER-OF-SHARES-REDEEMED>                (4,752,580)
<SHARES-REINVESTED>                            420,346
<NET-CHANGE-IN-ASSETS>                    (27,476,195)
<ACCUMULATED-NII-PRIOR>                              0
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<OVERDISTRIB-NII-PRIOR>                              0
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<GROSS-ADVISORY-FEES>                        1,006,495
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                              2,189,488
<AVERAGE-NET-ASSETS>                       402,550,680
<PER-SHARE-NAV-BEGIN>                            13.00
<PER-SHARE-NII>                                    .31
<PER-SHARE-GAIN-APPREC>                          (.17)
<PER-SHARE-DIVIDEND>                             (.31)
<PER-SHARE-DISTRIBUTIONS>                            0
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              12.83
<EXPENSE-RATIO>                                    .96


</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>                   6-MOS
<FISCAL-YEAR-END>                          SEP-30-2000
<PERIOD-END>                               MAR-31-2000
<INVESTMENTS-AT-COST>                      384,699,048
<INVESTMENTS-AT-VALUE>                     385,618,207
<RECEIVABLES>                               16,808,274
<ASSETS-OTHER>                                  34,827
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<PAYABLE-FOR-SECURITIES>                     9,788,378
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                    3,854,504
<TOTAL-LIABILITIES>                         13,642,882
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                   396,008,256
<SHARES-COMMON-STOCK>                        2,467,600
<SHARES-COMMON-PRIOR>                        2,494,963
<ACCUMULATED-NII-CURRENT>                            0
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                    (7,850,593)
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                       919,159
<NET-ASSETS>                               388,818,426
<DIVIDEND-INCOME>                                    0
<INTEREST-INCOME>                           11,651,537
<OTHER-INCOME>                                       0
<EXPENSES-NET>                             (1,967,839)
<NET-INVESTMENT-INCOME>                      9,638,698
<REALIZED-GAINS-CURRENT>                   (2,870,386)
<APPREC-INCREASE-CURRENT>                  (2,848,197)
<NET-CHANGE-FROM-OPS>                        3,965,115
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                     (709,016)
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                        583,395
<NUMBER-OF-SHARES-REDEEMED>                  (658,097)
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<NET-CHANGE-IN-ASSETS>                       (786,902)
<ACCUMULATED-NII-PRIOR>                              0
<ACCUMULATED-GAINS-PRIOR>                  (5,372,791)
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                        1,006,495
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                              2,189,488
<AVERAGE-NET-ASSETS>                       402,550,680
<PER-SHARE-NAV-BEGIN>                            13.02
<PER-SHARE-NII>                                    .28
<PER-SHARE-GAIN-APPREC>                          (.18)
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<PER-SHARE-DISTRIBUTIONS>                            0
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              12.84
<EXPENSE-RATIO>                                   1.40


</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000816153
<NAME> THORNBURG INVESTMENT TRUST
<SERIES>
   <NUMBER> 3
   <NAME> THORNBURG INTERMEDIATE MUNICIPAL FUND - I

<S>                             <C>
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          SEP-30-2000
<PERIOD-END>                               MAR-31-2000
<INVESTMENTS-AT-COST>                      384,699,048
<INVESTMENTS-AT-VALUE>                     385,618,207
<RECEIVABLES>                               16,808,274
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<OTHER-ITEMS-ASSETS>                                 0
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<PAYABLE-FOR-SECURITIES>                     9,788,378
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<PAID-IN-CAPITAL-COMMON>                   396,008,256
<SHARES-COMMON-STOCK>                        1,616,044
<SHARES-COMMON-PRIOR>                        1,446,106
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<ACCUMULATED-NET-GAINS>                    (7,850,593)
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<NET-ASSETS>                               388,818,426
<DIVIDEND-INCOME>                                    0
<INTEREST-INCOME>                           11,651,537
<OTHER-INCOME>                                       0
<EXPENSES-NET>                             (1,967,839)
<NET-INVESTMENT-INCOME>                      9,638,698
<REALIZED-GAINS-CURRENT>                   (2,870,386)
<APPREC-INCREASE-CURRENT>                  (2,848,197)
<NET-CHANGE-FROM-OPS>                        3,965,115
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                    (509,500)
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<NUMBER-OF-SHARES-SOLD>                        597,589
<NUMBER-OF-SHARES-REDEEMED>                  (450,075)
<SHARES-REINVESTED>                             22,424
<NET-CHANGE-IN-ASSETS>                       1,925,082
<ACCUMULATED-NII-PRIOR>                              0
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<PER-SHARE-NAV-BEGIN>                            12.98
<PER-SHARE-NII>                                    .33
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<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              12.81
<EXPENSE-RATIO>                                    .69


</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 INCOME FUND - A

<S>                             <C>
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<FISCAL-YEAR-END>                          SEP-30-2000
<PERIOD-END>                               MAR-31-2000
<INVESTMENTS-AT-COST>                       53,883,733
<INVESTMENTS-AT-VALUE>                      53,664,510
<RECEIVABLES>                                2,093,806
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<OTHER-ITEMS-ASSETS>                                 0
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<PAID-IN-CAPITAL-COMMON>                    56,988,269
<SHARES-COMMON-STOCK>                        3,023,575
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<ACCUMULATED-NET-GAINS>                    (1,070,099)
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<ACCUM-APPREC-OR-DEPREC>                     (219,223)
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<EXPENSES-NET>                                (276,545)
<NET-INVESTMENT-INCOME>                      1,689,669
<REALIZED-GAINS-CURRENT>                     (822,260)
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<EQUALIZATION>                                       0
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<NUMBER-OF-SHARES-SOLD>                        182,373
<NUMBER-OF-SHARES-REDEEMED>                  (664,492)
<SHARES-REINVESTED>                             65,494
<NET-CHANGE-IN-ASSETS>                     (5,404,580)
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<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> 4
   <NAME> THORNBURG LIMITED INCOME FUND - C

<S>                             <C>
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<FISCAL-YEAR-END>                          SEP-30-2000
<PERIOD-END>                               MAR-31-2000
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<INVESTMENTS-AT-VALUE>                      53,664,510
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<PAYABLE-FOR-SECURITIES>                       972,643
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<PAID-IN-CAPITAL-COMMON>                    56,988,269
<SHARES-COMMON-STOCK>                          629,007
<SHARES-COMMON-PRIOR>                          632,235
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<ACCUMULATED-NET-GAINS>                    (1,070,099)
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<ACCUM-APPREC-OR-DEPREC>                     (219,223)
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<DIVIDEND-INCOME>                                    0
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<EXPENSES-NET>                                (276,545)
<NET-INVESTMENT-INCOME>                      1,689,669
<REALIZED-GAINS-CURRENT>                     (822,260)
<APPREC-INCREASE-CURRENT>                      119,795
<NET-CHANGE-FROM-OPS>                          987,204
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                    (212,954)
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<NUMBER-OF-SHARES-SOLD>                         83,903
<NUMBER-OF-SHARES-REDEEMED>                  (101,243)
<SHARES-REINVESTED>                             14,111
<NET-CHANGE-IN-ASSETS>                       (127,607)
<ACCUMULATED-NII-PRIOR>                              0
<ACCUMULATED-GAINS-PRIOR>                  (1,070,099)
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<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                364,555
<AVERAGE-NET-ASSETS>                        55,863,546
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<PER-SHARE-GAIN-APPREC>                          (.15)
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<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              11.76
<EXPENSE-RATIO>                                   1.40


</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000816153
<NAME> THORNBURG INVESTMENT TRUST
<SERIES>
   <NUMBER> 4
   <NAME> THORNBURG LIMITED INCOME FUND - I

<S>                             <C>
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          SEP-30-2000
<PERIOD-END>                               MAR-31-2000
<INVESTMENTS-AT-COST>                       53,883,733
<INVESTMENTS-AT-VALUE>                      53,664,510
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<OTHER-ITEMS-LIABILITIES>                      303,695
<TOTAL-LIABILITIES>                          1,276,338
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                    56,988,269
<SHARES-COMMON-STOCK>                          976,465
<SHARES-COMMON-PRIOR>                          832,216
<ACCUMULATED-NII-CURRENT>                            0
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                    (1,070,099)
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                     (219,223)
<NET-ASSETS>                                54,555,714
<DIVIDEND-INCOME>                                    0
<INTEREST-INCOME>                            1,966,214
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                (276,545)
<NET-INVESTMENT-INCOME>                      1,689,669
<REALIZED-GAINS-CURRENT>                     (822,260)
<APPREC-INCREASE-CURRENT>                      119,795
<NET-CHANGE-FROM-OPS>                          987,204
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                    (344,482)
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                        280,120
<NUMBER-OF-SHARES-REDEEMED>                  (158,070)
<SHARES-REINVESTED>                             22,199
<NET-CHANGE-IN-ASSETS>                       1,583,007
<ACCUMULATED-NII-PRIOR>                              0
<ACCUMULATED-GAINS-PRIOR>                  (1,070,099)
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                          139,670
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                364,555
<AVERAGE-NET-ASSETS>                        55,863,546
<PER-SHARE-NAV-BEGIN>                            11.93
<PER-SHARE-NII>                                    .37
<PER-SHARE-GAIN-APPREC>                          (.14)
<PER-SHARE-DIVIDEND>                             (.37)
<PER-SHARE-DISTRIBUTIONS>                            0
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              11.79
<EXPENSE-RATIO>                                    .69


</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>                   6-MOS
<FISCAL-YEAR-END>                          SEP-30-2000
<PERIOD-END>                               MAR-31-2000
<INVESTMENTS-AT-COST>                      886,661,904
<INVESTMENTS-AT-VALUE>                   1,076,960,425
<RECEIVABLES>                               46,539,937
<ASSETS-OTHER>                               3,977,840
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                           1,127,478,202
<PAYABLE-FOR-SECURITIES>                    21,288,023
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                    2,171,729
<TOTAL-LIABILITIES>                         23,459,752
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                   836,355,838
<SHARES-COMMON-STOCK>                       19,921,508
<SHARES-COMMON-PRIOR>                       13,776,135
<ACCUMULATED-NII-CURRENT>                            0
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                     15,498,574
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                   190,298,521
<NET-ASSETS>                             1,104,018,450
<DIVIDEND-INCOME>                            5,597,541
<INTEREST-INCOME>                              820,157
<OTHER-INCOME>                                       0
<EXPENSES-NET>                             (6,106,937)
<NET-INVESTMENT-INCOME>                        310,761
<REALIZED-GAINS-CURRENT>                    76,441,543
<APPREC-INCREASE-CURRENT>                  130,463,918
<NET-CHANGE-FROM-OPS>                      207,216,222
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                  (2,846,583)
<DISTRIBUTIONS-OF-GAINS>                   (5,654,581)
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                      7,775,456
<NUMBER-OF-SHARES-REDEEMED>                (1,906,020)
<SHARES-REINVESTED>                            275,935
<NET-CHANGE-IN-ASSETS>                     308,324,666
<ACCUMULATED-NII-PRIOR>                              0
<ACCUMULATED-GAINS-PRIOR>                            0
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                        3,404,678
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                              6,122,984
<AVERAGE-NET-ASSETS>                       796,112,351
<PER-SHARE-NAV-BEGIN>                            26.20
<PER-SHARE-NII>                                    .03
<PER-SHARE-GAIN-APPREC>                           7.91
<PER-SHARE-DIVIDEND>                             (.15)
<PER-SHARE-DISTRIBUTIONS>                        (.39)
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              33.60
<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> 5
   <NAME> THORNBURG VALUE FUND (C)

<S>                             <C>
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          SEP-30-2000
<PERIOD-END>                               MAR-31-2000
<INVESTMENTS-AT-COST>                      886,661,904
<INVESTMENTS-AT-VALUE>                   1,076,960,425
<RECEIVABLES>                               46,539,937
<ASSETS-OTHER>                               3,977,840
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                           1,127,478,202
<PAYABLE-FOR-SECURITIES>                    21,288,023
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                    2,171,729
<TOTAL-LIABILITIES>                         23,459,752
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                   836,355,838
<SHARES-COMMON-STOCK>                        7,789,374
<SHARES-COMMON-PRIOR>                        5,136,388
<ACCUMULATED-NII-CURRENT>                            0
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                     15,498,574
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                   190,298,521
<NET-ASSETS>                             1,104,018,450
<DIVIDEND-INCOME>                            5,597,541
<INTEREST-INCOME>                              820,157
<OTHER-INCOME>                                       0
<EXPENSES-NET>                             (6,106,937)
<NET-INVESTMENT-INCOME>                        310,761
<REALIZED-GAINS-CURRENT>                    76,441,543
<APPREC-INCREASE-CURRENT>                  130,463,918
<NET-CHANGE-FROM-OPS>                      207,216,222
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                    (427,495)
<DISTRIBUTIONS-OF-GAINS>                   (2,137,052)
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                      2,862,512
<NUMBER-OF-SHARES-REDEEMED>                  (292,238)
<SHARES-REINVESTED>                             82,711
<NET-CHANGE-IN-ASSETS>                     126,191,405
<ACCUMULATED-NII-PRIOR>                              0
<ACCUMULATED-GAINS-PRIOR>                            0
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                        3,404,678
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                              6,122,984
<AVERAGE-NET-ASSETS>                       796,112,351
<PER-SHARE-NAV-BEGIN>                            26.08
<PER-SHARE-NII>                                  (.09)
<PER-SHARE-GAIN-APPREC>                           7.85
<PER-SHARE-DIVIDEND>                             (.06)
<PER-SHARE-DISTRIBUTIONS>                        (.39)
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              33.39
<EXPENSE-RATIO>                                   2.19
[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>                   6-MOS
<FISCAL-YEAR-END>                          SEP-30-2000
<PERIOD-END>                               MAR-31-2000
<INVESTMENTS-AT-COST>                      886,661,904
<INVESTMENTS-AT-VALUE>                   1,076,960,425
<RECEIVABLES>                               46,539,937
<ASSETS-OTHER>                               3,977,840
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                           1,127,478,202
<PAYABLE-FOR-SECURITIES>                    21,288,023
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                    2,171,729
<TOTAL-LIABILITIES>                         23,459,752
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                   836,355,838
<SHARES-COMMON-STOCK>                        5,181,119
<SHARES-COMMON-PRIOR>                        1,994,090
<ACCUMULATED-NII-CURRENT>                            0
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                     15,498,574
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                   190,298,521
<NET-ASSETS>                             1,104,018,450
<DIVIDEND-INCOME>                            5,597,541
<INTEREST-INCOME>                              820,157
<OTHER-INCOME>                                       0
<EXPENSES-NET>                             (6,106,937)
<NET-INVESTMENT-INCOME>                        310,761
<REALIZED-GAINS-CURRENT>                    76,441,543
<APPREC-INCREASE-CURRENT>                  130,463,918
<NET-CHANGE-FROM-OPS>                      207,216,222
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                    (858,617)
<DISTRIBUTIONS-OF-GAINS>                     (825,940)
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                      3,344,828
<NUMBER-OF-SHARES-REDEEMED>                  (212,273)
<SHARES-REINVESTED>                             54,474
<NET-CHANGE-IN-ASSETS>                     122,245,532
<ACCUMULATED-NII-PRIOR>                              0
<ACCUMULATED-GAINS-PRIOR>                            0
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                        3,404,678
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                              6,122,984
<AVERAGE-NET-ASSETS>                       796,112,351
<PER-SHARE-NAV-BEGIN>                            26.26
<PER-SHARE-NII>                                    .10
<PER-SHARE-GAIN-APPREC>                           7.92
<PER-SHARE-DIVIDEND>                             (.19)
<PER-SHARE-DISTRIBUTIONS>                        (.39)
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              33.70
<EXPENSE-RATIO>                                    .99
[AVG-DEBT-OUTSTANDING]                               0
[AVG-DEBT-PER-SHARE]                                 0


</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000816153
<NAME> THORBURG INVESTMENT TRUST
<SERIES>
   <NUMBER> 6
   <NAME> THORNBURG FLORIDA INTERMEDIATE MUNI FUND - A

<S>                             <C>
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          SEP-30-2000
<PERIOD-END>                               MAR-31-2000
<INVESTMENTS-AT-COST>                       25,793,865
<INVESTMENTS-AT-VALUE>                      25,964,761
<RECEIVABLES>                                1,525,639
<ASSETS-OTHER>                                  29,229
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                              27,519,629
<PAYABLE-FOR-SECURITIES>                             0
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                      196,690
<TOTAL-LIABILITIES>                            196,690
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                    27,866,333
<SHARES-COMMON-STOCK>                        2,337,905
<SHARES-COMMON-PRIOR>                        2,563,502
<ACCUMULATED-NII-CURRENT>                            0
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                      (714,290)
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                       170,896
<NET-ASSETS>                                27,322,939
<DIVIDEND-INCOME>                                    0
<INTEREST-INCOME>                              798,357
<OTHER-INCOME>                                       0
<EXPENSES-NET>                               (142,718)
<NET-INVESTMENT-INCOME>                        655,639
<REALIZED-GAINS-CURRENT>                     (346,937)
<APPREC-INCREASE-CURRENT>                       61,697
<NET-CHANGE-FROM-OPS>                          370,399
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                    (655,639)
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                        985,321
<NUMBER-OF-SHARES-REDEEMED>                (1,236,052)
<SHARES-REINVESTED>                             25,134
<NET-CHANGE-IN-ASSETS>                     (2,898,149)
<ACCUMULATED-NII-PRIOR>                              0
<ACCUMULATED-GAINS-PRIOR>                    (367,353)
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                           71,790
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                155,506
<AVERAGE-NET-ASSETS>                        28,702,546
<PER-SHARE-NAV-BEGIN>                            11.79
<PER-SHARE-NII>                                    .27
<PER-SHARE-GAIN-APPREC>                          (.10)
<PER-SHARE-DIVIDEND>                             (.27)
<PER-SHARE-DISTRIBUTIONS>                            0
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              11.69
<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>                   6-MOS
<FISCAL-YEAR-END>                          SEP-30-2000
<PERIOD-END>                               MAR-31-2000
<INVESTMENTS-AT-COST>                       61,898,855
<INVESTMENTS-AT-VALUE>                      69,458,120
<RECEIVABLES>                                3,998,831
<ASSETS-OTHER>                                 723,939
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                              74,180,890
<PAYABLE-FOR-SECURITIES>                             0
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                      140,816
<TOTAL-LIABILITIES>                            140,816
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                    59,342,274
<SHARES-COMMON-STOCK>                        3,231,746
<SHARES-COMMON-PRIOR>                        1,791,918
<ACCUMULATED-NII-CURRENT>                            0
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                        116,705
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                     7,559,265
<NET-ASSETS>                                74,040,074
<DIVIDEND-INCOME>                              216,753
<INTEREST-INCOME>                               95,656
<OTHER-INCOME>                                       0
<EXPENSES-NET>                               (388,360)
<NET-INVESTMENT-INCOME>                       (75,951)
<REALIZED-GAINS-CURRENT>                     7,048,552
<APPREC-INCREASE-CURRENT>                    6,588,554
<NET-CHANGE-FROM-OPS>                       13,561,155
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                    (580,738)
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                      1,699,681
<NUMBER-OF-SHARES-REDEEMED>                  (291,523)
<SHARES-REINVESTED>                             31,670
<NET-CHANGE-IN-ASSETS>                      34,848,345
<ACCUMULATED-NII-PRIOR>                              0
<ACCUMULATED-GAINS-PRIOR>                    (325,565)
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                          200,452
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                396,934
<AVERAGE-NET-ASSETS>                        45,888,760
<PER-SHARE-NAV-BEGIN>                            12.95
<PER-SHARE-NII>                                  (.02)
<PER-SHARE-GAIN-APPREC>                           5.26
<PER-SHARE-DIVIDEND>                             (.23)
<PER-SHARE-DISTRIBUTIONS>                            0
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              17.96
<EXPENSE-RATIO>                                   1.56
[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>                   6-MOS
<FISCAL-YEAR-END>                          SEP-30-2000
<PERIOD-END>                               MAR-31-2000
<INVESTMENTS-AT-COST>                       61,898,855
<INVESTMENTS-AT-VALUE>                      69,458,120
<RECEIVABLES>                                3,998,831
<ASSETS-OTHER>                                 723,939
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                              74,180,890
<PAYABLE-FOR-SECURITIES>                             0
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                      140,816
<TOTAL-LIABILITIES>                            140,816
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                    59,342,274
<SHARES-COMMON-STOCK>                          897,722
<SHARES-COMMON-PRIOR>                          251,212
<ACCUMULATED-NII-CURRENT>                            0
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                        116,705
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                     7,559,265
<NET-ASSETS>                                74,040,074
<DIVIDEND-INCOME>                              216,753
<INTEREST-INCOME>                               95,656
<OTHER-INCOME>                                       0
<EXPENSES-NET>                               (388,360)
<NET-INVESTMENT-INCOME>                       (75,951)
<REALIZED-GAINS-CURRENT>                     7,048,552
<APPREC-INCREASE-CURRENT>                    6,588,554
<NET-CHANGE-FROM-OPS>                       13,561,155
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                     (99,562)
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                        654,770
<NUMBER-OF-SHARES-REDEEMED>                   (12,768)
<SHARES-REINVESTED>                              4,508
<NET-CHANGE-IN-ASSETS>                      12,754,702
<ACCUMULATED-NII-PRIOR>                              0
<ACCUMULATED-GAINS-PRIOR>                    (325,565)
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                          200,452
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                396,934
<AVERAGE-NET-ASSETS>                        45,888,760
<PER-SHARE-NAV-BEGIN>                            12.88
<PER-SHARE-NII>                                  (.07)
<PER-SHARE-GAIN-APPREC>                           5.19
<PER-SHARE-DIVIDEND>                             (.19)
<PER-SHARE-DISTRIBUTIONS>                            0
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              17.81
<EXPENSE-RATIO>                                   2.37
[AVG-DEBT-OUTSTANDING]                               0
[AVG-DEBT-PER-SHARE]                                 0


</TABLE>


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