<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
This schedule contains summary finacial information extracted from the Scudder
Tax Managed Growth Fund Semiannual Report for the six months ended 4/30/2000 and
is qualified in its entirety by reference to such financial statements.
</LEGEND>
<CIK> 0000088064
<NAME> INVESTMENT TRUST
<SERIES>
<NUMBER> 5
<NAME> SCUDDER TAX MANAGED GROWTH FUND
<MULTIPLIER> 1,000
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> OCT-31-2000
<PERIOD-START> NOV-01-1999
<PERIOD-END> APR-30-2000
<INVESTMENTS-AT-COST> 2,297
<INVESTMENTS-AT-VALUE> 2,939
<RECEIVABLES> 4
<ASSETS-OTHER> 73
<OTHER-ITEMS-ASSETS> 97
<TOTAL-ASSETS> 3,113
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 90
<TOTAL-LIABILITIES> 90
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 2,524
<SHARES-COMMON-STOCK> 210
<SHARES-COMMON-PRIOR> 297
<ACCUMULATED-NII-CURRENT> (1)
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (142)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 643
<NET-ASSETS> 3,023
<DIVIDEND-INCOME> 27
<INTEREST-INCOME> 0
<OTHER-INCOME> 0
<EXPENSES-NET> 23
<NET-INVESTMENT-INCOME> 5
<REALIZED-GAINS-CURRENT> (10)
<APPREC-INCREASE-CURRENT> 212
<NET-CHANGE-FROM-OPS> 207
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (34)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 23
<NUMBER-OF-SHARES-REDEEMED> (111)
<SHARES-REINVESTED> 2
<NET-CHANGE-IN-ASSETS> (1,027)
<ACCUMULATED-NII-PRIOR> 27
<ACCUMULATED-GAINS-PRIOR> (132)
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 14
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 93
<AVERAGE-NET-ASSETS> 3,394
<PER-SHARE-NAV-BEGIN> 13.66
<PER-SHARE-NII> 0.02
<PER-SHARE-GAIN-APPREC> 0.82
<PER-SHARE-DIVIDEND> 0
<PER-SHARE-DISTRIBUTIONS> (0.14)
<RETURNS-OF-CAPITAL> 0.02
<PER-SHARE-NAV-END> 14.38
<EXPENSE-RATIO> 1.30
</TABLE>
