PAINEWEBBER INVESTMENT TRUST
NSAR-B, EX-27, 2000-10-27
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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> 2
   <NAME> TACTICAL ALLOCATION FUND - CLASS C
<MULTIPLIER> 1000

<S>                             <C>
<PERIOD-TYPE>                   12-MOS
<FISCAL-YEAR-END>                          AUG-31-2000
<PERIOD-START>                             SEP-01-1999
<PERIOD-END>                               AUG-31-2000
<INVESTMENTS-AT-COST>                           695298
<INVESTMENTS-AT-VALUE>                          868702
<RECEIVABLES>                                     2585
<ASSETS-OTHER>                                  250493
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                                 1121780
<PAYABLE-FOR-SECURITIES>                           243
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                       252992
<TOTAL-LIABILITIES>                             253235
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                        615886
<SHARES-COMMON-STOCK>                            24719
<SHARES-COMMON-PRIOR>                            23378
<ACCUMULATED-NII-CURRENT>                        10145
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                          69110
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                        173404
<NET-ASSETS>                                    868545
<DIVIDEND-INCOME>                                 6561
<INTEREST-INCOME>                                14375
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                   12895
<NET-INVESTMENT-INCOME>                           8041
<REALIZED-GAINS-CURRENT>                         78711
<APPREC-INCREASE-CURRENT>                        13974
<NET-CHANGE-FROM-OPS>                           100726
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                            0
<DISTRIBUTIONS-OF-GAINS>                         16641
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                           6784
<NUMBER-OF-SHARES-REDEEMED>                       5928
<SHARES-REINVESTED>                                484
<NET-CHANGE-IN-ASSETS>                          138078
<ACCUMULATED-NII-PRIOR>                              0
<ACCUMULATED-GAINS-PRIOR>                         6804
<OVERDISTRIB-NII-PRIOR>                              1
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                             3622
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                  12895
<AVERAGE-NET-ASSETS>                            809119
<PER-SHARE-NAV-BEGIN>                            31.60
<PER-SHARE-NII>                                   0.34
<PER-SHARE-GAIN-APPREC>                           3.90
<PER-SHARE-DIVIDEND>                              0.00
<PER-SHARE-DISTRIBUTIONS>                         0.70
<RETURNS-OF-CAPITAL>                              0.00
<PER-SHARE-NAV-END>                              35.14
<EXPENSE-RATIO>                                   1.60



</TABLE>


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