SIT MUTUAL FUNDS INC
NSAR-B, 1997-08-27
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<PAGE>      PAGE  1
000 B000000 06/30/97
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 WESTBORO
012 C02AA01 MA
<PAGE>      PAGE  2
012 C03AA01 01581
012 C04AA01 9535
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     38
020 A000002 CREDIT LYONNAIS
020 B000002 13-2602298
020 C000002     36
020 A000003 SG WARBURG SECURITIES
020 B000003 13-2671492
020 C000003     34
020 A000004 MERRILL LYNCH
020 B000004 13-5674085
020 C000004     25
020 A000005 SALOMON BROTHERS
020 B000005 13-5365580
020 C000005     19
020 A000006 TIR SECURITIES
020 B000006 13-3506065
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020 A000007 BRIDGE TRADING
020 B000007 43-1034850
020 C000007     17
020 A000008 MORGAN STANLEY
020 B000008 13-2655998
020 C000008     16
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020 C000009     16
020 A000010 BARING SECURITIES
020 B000010 04-2455153
020 C000010     13
021  000000      423
<PAGE>      PAGE  3
022 A000001 HOUSEHOLD FINANCE CORP.
022 B000001 36-1239445
022 C000001    198214
022 D000001      2668
022 A000002 AMERICAN EXPRESS CREDIT CORP.
022 B000002 11-1988350
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022 C000004     79379
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022 A000005 SEARS ROEBUCK ACCEPTANCE CORP.
022 B000005 51-0080535
022 C000005     61307
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022 A000006 GENERAL ELECTRIC CAPITAL CORP.
022 B000006 13-1500700
022 C000006     59470
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022 A000007 CHEVRON CORP.
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022 C000007     24040
022 D000007         0
022 A000008 FIRST CHICAGO CAPITAL MARKETS
022 B000008 36-3595942
022 C000008     21165
022 D000008         0
022 A000009 ASSOCIATES CORP.
022 B000009 74-1494554
022 C000009     17144
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022 A000010 FIRST BOSTON CORP.
022 B000010 13-5659485
022 C000010     16543
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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
008 C000101 801-16350
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
008 C000102 801-34582
008 D010102 MINNEAPOLIS
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008 D030102 55402
008 D040102 4130
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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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008 A000201 SIT INVESTMENT ASSOCIATES, INC.
008 B000201 A
008 C000201 801-16350
<PAGE>      PAGE  10
008 D010201 MINNEAPOLIS
008 D020201 MN
008 D030201 55402
008 D040201 4130
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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
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008 D020302 MN
008 D030302 55402
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<PAGE>      PAGE  14
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<PAGE>      PAGE  15
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<PAGE>      PAGE  16
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<PAGE>      PAGE  17
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008 A000401 SIT INVESTMENT ASSOCIATES, INC.
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<PAGE>      PAGE  18
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<PAGE>      PAGE  19
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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 Y
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 Y
070 O020400 N
070 P010400 Y
070 P020400 Y
070 Q010400 Y
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070 R010400 Y
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072 A000400 12
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<PAGE>      PAGE  20
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072 V000400        0
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072DD010400        0
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073 A010400   0.0000
073 A020400   0.0000
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073 C000400   0.0000
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074 D000400        0
074 E000400        0
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074 R020400        0
074 R030400        0
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<PAGE>      PAGE  21
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074 U020400        0
074 V010400    18.89
074 V020400     0.00
074 W000400   0.0000
074 X000400     1630
074 Y000400        0
075 A000400        0
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076  000400     0.00
SIGNATURE   MARY K. STERN                                
TITLE       PRESIDENT           
 


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