CFS INVESTMENT TRUST
NSAR-B/A, 1996-05-31
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<PAGE>      PAGE  1
000 B000000 03/31/96
000 C000000 0000826732
000 D000000 N
000 E000000 NF
000 F000000 Y
000 G000000 Y
000 H000000 N
000 I000000 3.0
000 J000000 U
001 A000000 CFS INVESTMENT TRUST
001 B000000 811-5443
001 C000000 7082457200
002 A000000 1111 EAST WARRENVILLE ROAD
002 B000000 NAPERVILLE
002 C000000 IL
002 D010000 60563
002 D020000 1493
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004  000000 N
005  000000 N
006  000000 N
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007 C020100 CALAMOS GROWTH AND INCOME FUND
007 C030100 N
007 C010200  2
007 C020200 CALAMOS STRATEGIC INCOME FUND
007 C030200 N
007 C010300  3
007 C020300 CALAMOS GROWTH FUND
007 C030300 N
007 C010400  4
007 C020400 CALAMOS CONVERTIBLE FUND
007 C030400 N
007 C010500  5
007 C010600  6
007 C010700  7
007 C010800  8
007 C010900  9
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077 A000000 Y
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080 A00AA00 CHUBB GROUP OF INSURANCE COMPANIES
080 B00AA00 FEDERAL INSURANCE COMPANY
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<PAGE>      PAGE  3
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<PAGE>      PAGE  4
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SIGNATURE   PAUL MARNELL                                 
TITLE       VICE PRESIDENT      
 


<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000826732
<NAME> CFS INVESTMENT TRUST
<SERIES>
   <NUMBER> 1
   <NAME> CALAMOS GROWTH AND INCOME FUND
       
<S>                             <C>
<PERIOD-TYPE>                   YEAR
<FISCAL-YEAR-END>                          MAR-31-1996
<PERIOD-END>                               MAR-31-1996
<INVESTMENTS-AT-COST>                        4,374,481
<INVESTMENTS-AT-VALUE>                       4,886,975
<RECEIVABLES>                                  348,352
<ASSETS-OTHER>                                 775,065
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                               6,010,392
<PAYABLE-FOR-SECURITIES>                       179,188
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                       18,339
<TOTAL-LIABILITIES>                            197,527
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                     4,758,373
<SHARES-COMMON-STOCK>                          372,098
<SHARES-COMMON-PRIOR>                          303,916
<ACCUMULATED-NII-CURRENT>                        7,016
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                        534,982
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                       512,494
<NET-ASSETS>                                 5,812,865
<DIVIDEND-INCOME>                               37,923
<INTEREST-INCOME>                              164,226
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                  87,653
<NET-INVESTMENT-INCOME>                        114,496
<REALIZED-GAINS-CURRENT>                       783,008
<APPREC-INCREASE-CURRENT>                      342,618
<NET-CHANGE-FROM-OPS>                        1,240,122
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                      128,998
<DISTRIBUTIONS-OF-GAINS>                       202,909
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                        100,923
<NUMBER-OF-SHARES-REDEEMED>                     52,698
<SHARES-REINVESTED>                             19,957
<NET-CHANGE-IN-ASSETS>                       1,960,306
<ACCUMULATED-NII-PRIOR>                         21,518
<ACCUMULATED-GAINS-PRIOR>                     (45,117)
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                           32,870
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                 91,785
<AVERAGE-NET-ASSETS>                         4,376,178
<PER-SHARE-NAV-BEGIN>                            12.68
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</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000826732
<NAME> CFS INVESTMENT TRUST
<SERIES>
   <NUMBER> 2
   <NAME> CALAMOS STRATEGIC INCOME FUND
       
<S>                             <C>
<PERIOD-TYPE>                   YEAR
<FISCAL-YEAR-END>                          MAR-31-1996
<PERIOD-END>                               MAR-31-1996
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<SHARES-COMMON-PRIOR>                          218,180
<ACCUMULATED-NII-CURRENT>                       22,093
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                       (60,884)
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<NET-ASSETS>                                 1,619,906
<DIVIDEND-INCOME>                                7,416
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<OTHER-INCOME>                                       0
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<EQUALIZATION>                                       0
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</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000826732
<NAME> CFS INVESTMENT TRUST
<SERIES>
   <NUMBER> 3
   <NAME> CALAMOS GROWTH FUND
       
<S>                             <C>
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<FISCAL-YEAR-END>                          MAR-31-1996
<PERIOD-END>                               MAR-31-1996
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<SHARES-COMMON-PRIOR>                          126,314
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<OVERDISTRIBUTION-NII>                               0
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<OVERDISTRIBUTION-GAINS>                             0
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<OTHER-INCOME>                                       0
<EXPENSES-NET>                                  46,579
<NET-INVESTMENT-INCOME>                       (19,022)
<REALIZED-GAINS-CURRENT>                       465,330
<APPREC-INCREASE-CURRENT>                      227,320
<NET-CHANGE-FROM-OPS>                          673,628
<EQUALIZATION>                                       0
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<DISTRIBUTIONS-OF-GAINS>                        18,542
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<NUMBER-OF-SHARES-REDEEMED>                      8,485
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<AVERAGE-NET-ASSETS>                         2,325,609
<PER-SHARE-NAV-BEGIN>                            14.18
<PER-SHARE-NII>                                  (.09)
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<PER-SHARE-DIVIDEND>                               .07
<PER-SHARE-DISTRIBUTIONS>                         2.97
<RETURNS-OF-CAPITAL>                                 0
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</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000826732
<NAME> CFS INVESTMENT TRUST
<SERIES>
   <NUMBER> 4
   <NAME> CALAMOS CONVERTIBLE FUND
       
<S>                             <C>
<PERIOD-TYPE>                   YEAR
<FISCAL-YEAR-END>                          MAR-31-1996
<PERIOD-END>                               MAR-31-1996
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<INVESTMENTS-AT-VALUE>                      23,067,503
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<SENIOR-EQUITY>                                      0
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<SHARES-COMMON-STOCK>                        1,687,595
<SHARES-COMMON-PRIOR>                        1,341,332
<ACCUMULATED-NII-CURRENT>                      399,745
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                      1,138,722
<OVERDISTRIBUTION-GAINS>                             0
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<NET-ASSETS>                                24,460,052
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<INTEREST-INCOME>                              666,662
<OTHER-INCOME>                                       0
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<REALIZED-GAINS-CURRENT>                     2,911,070
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<NET-CHANGE-FROM-OPS>                        4,865,261
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                    (428,439)
<DISTRIBUTIONS-OF-GAINS>                   (1,522,911)
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                        384,827
<NUMBER-OF-SHARES-REDEEMED>                    159,648
<SHARES-REINVESTED>                            121,084
<NET-CHANGE-IN-ASSETS>                       4,900,118
<ACCUMULATED-NII-PRIOR>                        105,159
<ACCUMULATED-GAINS-PRIOR>                    (127,773)
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<OVERDIST-NET-GAINS-PRIOR>                           0
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<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                300,874
<AVERAGE-NET-ASSETS>                        19,727,070
<PER-SHARE-NAV-BEGIN>                            12.41
<PER-SHARE-NII>                                    .40
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<EXPENSE-RATIO>                                    1.5
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        

</TABLE>


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