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 A
<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>                           694026
<INVESTMENTS-AT-VALUE>                          867113
<RECEIVABLES>                                     2580
<ASSETS-OTHER>                                  250035
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                                 1119728
<PAYABLE-FOR-SECURITIES>                           243
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                       252529
<TOTAL-LIABILITIES>                             252772
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                        614759
<SHARES-COMMON-STOCK>                            24358
<SHARES-COMMON-PRIOR>                            22103
<ACCUMULATED-NII-CURRENT>                        10126
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                          68984
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                        173087
<NET-ASSETS>                                    866956
<DIVIDEND-INCOME>                                 6549
<INTEREST-INCOME>                                14349
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                    6765
<NET-INVESTMENT-INCOME>                          14133
<REALIZED-GAINS-CURRENT>                         78567
<APPREC-INCREASE-CURRENT>                        13948
<NET-CHANGE-FROM-OPS>                           106648
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                          458
<DISTRIBUTIONS-OF-GAINS>                         15788
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                           9511
<NUMBER-OF-SHARES-REDEEMED>                       7720
<SHARES-REINVESTED>                                464
<NET-CHANGE-IN-ASSETS>                          144297
<ACCUMULATED-NII-PRIOR>                              0
<ACCUMULATED-GAINS-PRIOR>                         6470
<OVERDISTRIB-NII-PRIOR>                              1
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                             3615
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                   6765
<AVERAGE-NET-ASSETS>                            787009
<PER-SHARE-NAV-BEGIN>                            31.79
<PER-SHARE-NII>                                   0.60
<PER-SHARE-GAIN-APPREC>                           3.92
<PER-SHARE-DIVIDEND>                              0.02
<PER-SHARE-DISTRIBUTIONS>                         0.70
<RETURNS-OF-CAPITAL>                              0.00
<PER-SHARE-NAV-END>                              35.59
<EXPENSE-RATIO>                                   0.84



</TABLE>


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