SIT MUTUAL FUNDS INC
NSAR-B, 1995-08-29
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<PAGE>      PAGE  1
000 B000000 06/30/95
000 C000000 0000877880
000 D000000 N
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000 F000000 Y
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000 H000000 N
000 I000000 3.0
000 J000000 A
001 A000000 SIT MUTUAL FUNDS INC.
001 B000000 811-06373
001 C000000 6123323223
002 A000000 4600 NORWEST CENTER, 90 SOUTH 7TH STREET
002 B000000 MINNEAPOLIS
002 C000000 MN
002 D010000 55402
002 D020000 4130
003  000000 N
004  000000 N
005  000000 N
006  000000 N
007 A000000 Y
007 B000000  4
007 C010100  1
007 C020100 SERIES A, SIT INTERNATIONAL GROWTH FUND
007 C030100 N
007 C010200  2
007 C020200 SERIES B, SIT BALANCED FUND
007 C030200 N
007 C010300  3
007 C020300 SERIES C, SIT DEVELOPING MARKETS GROWTH FUND
007 C030300 N
007 C010400  4
007 C020400 SERIES D, SIT SMALL CAP GROWTH FUND
007 C030400 N
007 C010500  5
007 C010600  6
007 C010700  7
007 C010800  8
007 C010900  9
007 C011000 10
011 A00AA01 SIA SECURITIES CORP.
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012 A00AA01 NORWEST BANK MINNESOTA, N.A.
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012 C01AA01 MINNEAPOLIS
012 C02AA01 MN
<PAGE>      PAGE  2
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013 B03AA01 55402
013 B04AA01 3900
014 A00AA01 SIA SECURITIES CORP.
014 B00AA01 8-46668
015 A00AA01 NORWEST BANK MINNESOTA, N.A.
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015 C03AA01 55402
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<PAGE>      PAGE  3
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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
008 A000201 SIT INVESTMENT ASSOCIATES, INC.
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008 D030201 55402
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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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008 A000302 SIT/KIM INTERNATIONAL INVESTMENT ASSOC., INC.
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<PAGE>      PAGE  15
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<PAGE>      PAGE  16
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008 A000401 SIT INVESTMENT ASSOCIATES, INC.
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<PAGE>      PAGE  19
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070 C010400 Y
070 C020400 N
070 D010400 Y
070 D020400 N
070 E010400 Y
070 E020400 N
070 F010400 Y
070 F020400 N
070 G010400 Y
070 G020400 N
070 H010400 Y
070 H020400 N
070 I010400 N
070 I020400 N
070 J010400 Y
070 J020400 N
070 K010400 Y
070 K020400 N
070 L010400 Y
070 L020400 Y
070 M010400 N
070 M020400 N
070 N010400 N
070 N020400 N
070 O010400 N
070 O020400 N
070 P010400 Y
070 P020400 Y
070 Q010400 Y
070 Q020400 N
070 R010400 Y
070 R020400 N
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071 C000400      5179
071 D000400   49
072 A000400 12
072 B000400       15
072 C000400       51
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072 H000400        0
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<PAGE>      PAGE  20
072 J000400        0
072 K000400        0
072 L000400        0
072 M000400        0
072 N000400        0
072 O000400        0
072 P000400        0
072 Q000400        0
072 R000400        0
072 S000400        0
072 T000400        0
072 U000400        0
072 V000400        0
072 W000400        0
072 X000400       83
072 Y000400        0
072 Z000400      -17
072AA000400       80
072BB000400        0
072CC010400     2079
072CC020400        0
072DD010400        0
072DD020400        0
072EE000400       18
073 A010400   0.0000
073 A020400   0.0000
073 B000400   0.0539
073 C000400   0.0000
074 A000400        7
074 B000400        0
074 C000400      514
074 D000400        0
074 E000400        0
074 F000400    11778
074 G000400        0
074 H000400        0
074 I000400        0
074 J000400        0
074 K000400        0
074 L000400        6
074 M000400        0
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074 P000400       14
074 Q000400        0
074 R010400        0
074 R020400        0
074 R030400        0
074 R040400        1
074 S000400        0
074 T000400    12015
<PAGE>      PAGE  21
074 U010400      890
074 U020400        0
074 V010400    13.49
074 V020400     0.00
074 W000400   0.0000
074 X000400      449
074 Y000400        0
075 A000400        0
075 B000400     6089
076  000400     0.00
SIGNATURE   PAUL E RASMUSSEN                             
TITLE       VICE PRESIDENT      
 


<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000877880
<NAME> SIT MUTUAL FUNDS INC
<SERIES>
   <NUMBER> 1
   <NAME> SIT INTERNATIONAL GROWTH FUND
       
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</TABLE>

<TABLE> <S> <C>

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<CIK> 0000877880
<NAME> SIT MUTUAL FUNDS INC
<SERIES>
   <NUMBER> 2
   <NAME> SIT BALANCED FUND
       
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</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000877880
<NAME> SIT MUTUAL FUNDS INC
<SERIES>
   <NUMBER> 3
   <NAME> SIT DEVELOPING MARKETS GROWTH FUND
       
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</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000877880
<NAME> SIT MUTUAL FUNDS INC
<SERIES>
   <NUMBER> 4
   <NAME> SIT SMALL CAP GROWTH FUND
       
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</TABLE>


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