PAINEWEBBER INVESTMENT TRUST
NSAR-A, 1997-04-24
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<PAGE>      PAGE  1
000 A000000 02/28/97
000 C000000 0000873803
000 D000000 N
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000 F000000 Y
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000 J000000 A
001 A000000 PAINEWEBBER INVESTMENT TRUST
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001 C000000 2127132000
002 A000000 1285 AVENUE OF THE AMERICAS
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007 C010600  6
007 C010700  7
007 C010800  8
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007 C011000 10
010 A00AA01 MITCHELL HUTCHINS ASSET MANAGEMENT INC
010 B00AA01 13219
010 C01AA01 NEW YORK
010 C02AA01 NY
010 C03AA01 10019
011 A00AA01 PAINEWEBBER INCORPORATED
011 B00AA01 8-16267
011 C01AA01 NEW YORK
011 C02AA01 NY
011 C03AA01 10019
012 A00AA01 PFPC, INC.
012 B00AA01 84-0000
012 C01AA01 WILMINGTON
012 C02AA01 DE
012 C03AA01 19809
013 A00AA01 ERNST & YOUNG LLP
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<PAGE>      PAGE  2
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014 A00AA01 PAINEWEBBER INCORPORATED
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<PAGE>      PAGE  4
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<PAGE>      PAGE  9
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SIGNATURE   JULIAN SLUYTERS                              
TITLE       TREASURER           
 

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

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000873803
<NAME> PAINEWEBBER INVESTMENT TRUST
<SERIES>
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   <NAME> TACTICAL ALLOCATION FUND CLASS A
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<S>                             <C>
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WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000873803
<NAME> PAINEWEBBER INVESTMENT TRUST
<SERIES>
   <NUMBER> 3
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</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000873803
<NAME> PAINEWEBBER INVESTMENT TRUST
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</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000873803
<NAME> PAINEWEBBER INVESTMENT TRUST
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   <NUMBER> 3
   <NAME> TACTICAL ALLOCATION CLASS Y
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</TABLE>


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