SIT MUTUAL FUNDS INC
NSAR-A, 1998-02-27
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<PAGE>      PAGE  1
000 A000000 12/31/97
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
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020 B000001 13-4966705
020 C000001     10
020 A000002 INSTINET
020 B000002 13-2596491
020 C000002     10
020 A000003 SG WARBURG SECURITIES
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020 A000004 TIR SECURITIES
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020 C000004      9
020 A000005 CREDIT LYONNAIS
020 B000005 13-2602298
020 C000005      9
020 A000006 UBS SECURITIES
020 B000006 13-2932996
020 C000006      9
020 A000007 BROADCORT CAPITAL
020 B000007 13-5674085
020 C000007      8
020 A000008 MORGAN STANLEY
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<PAGE>      PAGE  3
022 A000001 HOUSEHOLD FINANCE CORP.
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022 C000005     45489
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022 A000006 CHEVRON USA CORP.
022 B000006 51-0003820
022 C000006     28984
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022 A000008 SEARS ROEBUCK ACCEPTANCE CORP.
022 B000008 51-0080535
022 C000008     21093
022 D000008         0
022 A000009 DEERE & COMPANY
022 B000009 36-2386361
022 C000009      8452
022 D000009         0
022 A000010 FIRST CHICAGO CAPITAL MARKETS
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<PAGE>      PAGE  4
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<PAGE>      PAGE  5
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<PAGE>      PAGE  6
008 D040101 4130
008 A000102 SIT/KIM INTERNATIONAL INVESTMENT ASSOC., INC.
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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
008 D010201 MINNEAPOLIS
<PAGE>      PAGE  10
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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.
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008 A000302 SIT/KIM INTERNATIONAL INVESTMENT ASSOC., INC.
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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 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
070 Q020400 N
070 R010400 Y
070 R020400 N
071 A000400     15150
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071 C000400     60414
071 D000400   24
072 A000400  6
072 B000400      134
072 C000400      144
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072 H000400        0
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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
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073 C000400   0.0000
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074 D000400        0
074 E000400        0
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074 K000400        0
074 L000400      154
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074 R030400        0
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074 U020400        0
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074 X000400     1645
074 Y000400        0
<PAGE>      PAGE  21
075 A000400        0
075 B000400    65447
076  000400     0.00
SIGNATURE   MARY K. STERN                                
TITLE       PRESIDENT           
 


<TABLE> <S> <C>

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

<ARTICLE> 6
<CIK> 0000877880
<NAME> SIT MUTUAL FUNDS
<SERIES>
   <NUMBER> 2
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</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000877880
<NAME> SIT MUTUAL FUNDS
<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
<SERIES>
   <NUMBER> 4
   <NAME> SIT SMALL CAP GROWTH FUND
       
<S>                             <C>
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