SIT MUTUAL FUNDS INC
NSAR-B, 1996-08-28
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<PAGE>      PAGE  1
000 B000000 06/30/96
000 C000000 0000877880
000 D000000 N
000 E000000 NF
000 F000000 Y
000 G000000 N
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 CAPITAL 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.
011 B00AA01 8-46668
011 C01AA01 MINNEAPOLIS
011 C02AA01 MN
011 C03AA01 55402
011 C04AA01 4130
012 A00AA01 FIRST DATA INVESTOR SERVICES GROUP
012 B00AA01 84-1760
012 C01AA01 PROVIDENCE
012 C02AA01 RI
<PAGE>      PAGE  2
012 C03AA01 02903
012 C04AA01 1135
013 A00AA01 KPMG PEAT MARWICK LLP
013 B01AA01 MINNEAPOLIS
013 B02AA01 MN
013 B03AA01 55402
013 B04AA01 3900
014 A00AA01 SIA SECURITIES CORP.
014 B00AA01 8-46668
015 A00AA01 THE NORTHERN TRUST COMPANY
015 B00AA01 C
015 C01AA01 CHICAGO
015 C02AA01 IL
015 C03AA01 60675
015 C04AA01 0000
015 E01AA01 X
018  00AA00 Y
019 A00AA00 Y
019 B00AA00   11
019 C00AA00 SIT NBGING
020 A000001 INSTINET
020 B000001 13-2596491
020 C000001     80
020 A000002 MORGAN STANLEY SECURITIES
020 B000002 13-2655998
020 C000002     23
020 A000003 W.I. CARR
020 B000003 13-2927466
020 C000003     19
020 A000004 B.Z.W. SECURITIES
020 B000004 13-3297824
020 C000004     18
020 A000005 WORLDSEC SECURITIES
020 B000005 13-3751065
020 C000005     18
020 A000006 NOMURA SECURITIES
020 B000006 41-1776753
020 C000006     16
020 A000007 SALOMON BROTHERS
020 B000007 13-5365580
020 C000007     15
020 A000008 TIR SECURITIES
020 B000008 13-3506065
020 C000008     15
020 A000009 MORGAN GRENFELL
020 B000009 13-2730828
020 C000009     14
020 A000010 ROBERT FLEMING
020 B000010 13-3298866
020 C000010      9
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<PAGE>      PAGE  3
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022 B000001 38-1612444
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022 A000002 SEARS & ROEBUCK ACCEPTANCE CORP
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022 B000003 38-0572512
022 C000003     51288
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022 B000004 11-1988350
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022 C000005     26880
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022 A000006 FIRST CHICAGO CAPITAL MARKETS
022 B000006 36-6595942
022 C000006     20879
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022 A000008 TEXACO INC.
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022 A000009 CHEVRON OIL FINANCIAL, INC.
022 B000009 25-1215010
022 C000009      9747
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022 A000010 BENEFICIAL CORP.
022 B000010 51-0003820
022 C000010      7004
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<PAGE>      PAGE  4
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<PAGE>      PAGE  5
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008 A000101 SIT INVESTMENT ASSOCIATES, INC.
008 B000101 A
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008 D010101 MINNEAPOLIS
008 D020101 MN
<PAGE>      PAGE  6
008 D030101 55402
008 D040101 4130
008 A000102 SIT/KIM INTERNATIONAL INVESTMENT ASSOC., INC.
008 B000102 S
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008 D010102 MINNEAPOLIS
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008 D030102 55402
008 D040102 4130
024  000100 Y
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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.
008 B000201 A
008 C000201 801-16350
008 D010201 MINNEAPOLIS
008 D020201 MN
008 D030201 55402
008 D040201 4130
024  000200 N
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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 A000301 SIT INVESTMENT ASSOCIATES, INC.
008 B000301 A
008 C000301 801-16350
008 D010301 MINNEAPOLIS
008 D020301 MN
008 D030301 55402
008 D040301 4130
008 A000302 SIT/KIM INTERNATIONAL INVESTMENT ASSOC., INC.
008 B000302 S
008 C000302 801-34582
008 D010302 MINNEAPOLIS
008 D020302 MN
008 D030302 55402
008 D040302 4130
024  000300 N
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<PAGE>      PAGE  14
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<PAGE>      PAGE  15
049  000300 N
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<PAGE>      PAGE  16
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<PAGE>      PAGE  17
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008 A000401 SIT INVESTMENT ASSOCIATES, INC.
008 B000401 A
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<PAGE>      PAGE  18
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<PAGE>      PAGE  19
066 G000400 N
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070 A020400 N
070 B010400 Y
070 B020400 N
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 Y
070 L010400 Y
070 L020400 Y
070 M010400 N
070 M020400 N
070 N010400 Y
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
071 A000400     46192
071 B000400     21055
071 C000400     30112
071 D000400   70
072 A000400 12
072 B000400      125
072 C000400       63
072 D000400        0
072 E000400        0
072 F000400      477
<PAGE>      PAGE  20
072 G000400        0
072 H000400        0
072 I000400        0
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      477
072 Y000400        0
072 Z000400     -289
072AA000400     2793
072BB000400        0
072CC010400     7786
072CC020400        0
072DD010400        0
072DD020400        0
072EE000400      250
073 A010400   0.0000
073 A020400   0.0000
073 B000400   0.1419
073 C000400   0.0000
074 A000400        0
074 B000400        0
074 C000400     5290
074 D000400        0
074 E000400        0
074 F000400    47493
074 G000400        0
074 H000400        0
074 I000400        0
074 J000400     1436
074 K000400        0
074 L000400       88
074 M000400        0
074 N000400    54307
074 O000400     3396
074 P000400       62
074 Q000400        0
074 R010400        0
074 R020400        0
074 R030400        0
<PAGE>      PAGE  21
074 R040400        3
074 S000400        0
074 T000400    50846
074 U010400     2638
074 U020400        0
074 V010400    19.27
074 V020400     0.00
074 W000400   0.0000
074 X000400     1458
074 Y000400        0
075 A000400        0
075 B000400    32518
076  000400     0.00
SIGNATURE   MARY K. STERN                                
TITLE       PRESIDENT           
 


<TABLE> <S> <C>

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

<TABLE> <S> <C>

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<CIK> 0000877880
<NAME> SIT MUTUAL FUNDS INC
<SERIES>
   <NUMBER> 2
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<S>                             <C>
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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
       
<S>                             <C>
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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
       
<S>                             <C>
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</TABLE>


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