GARDNER LEWIS INVESTMENT TRUST
NSAR-A, 2000-05-01
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<PAGE>      PAGE  1
000 A000000 02/29/00
000 C000000 0000893759
000 D000000 N
000 E000000 NF
000 F000000 Y
000 G000000 N
000 H000000 N
000 I000000 3.0.a
000 J000000 A
001 A000000 GARDNER LEWIS INVESTMENT TRUST
001 B000000 811-07324
001 C000000 2529729922
002 A000000 105 NORTH WASHINGTON STREET
002 B000000 ROCKY MOUNT
002 C000000 NC
002 D010000 27802
002 D020000 0069
003  000000 N
004  000000 N
005  000000 N
006  000000 N
007 A000000 Y
007 B000000  3
007 C010100  1
007 C020100 CHESAPEAKE AGGRESSIVE GROWTH FUND
007 C030100 N
007 C010200  2
007 C010300  3
007 C010400  4
007 C010500  5
007 C010600  6
007 C010700  7
007 C010800  8
007 C010900  9
007 C011000 10
008 A00AA01 GARDNER LEWIS ASSET MANAGEMENT
008 B00AA01 A
008 C00AA01 801-36476
008 D01AA01 CHADDS FORD
008 D02AA01 PA
008 D03AA01 19317
010 A00AA01 THE NOTTINGHAM COMPANY
010 C01AA01 ROCKY MOUNT
010 C02AA01 NC
010 C03AA01 27802
010 C04AA01 0069
011 A00AA01 CAPITAL INVESTMENT GROUP, INC.
011 B00AA01 8-74752
011 C01AA01 RALEIGH
011 C02AA01 NC
011 C03AA01 27603
<PAGE>      PAGE  2
012 A00AA01 NC SHAREHOLDER SERVICES LLC
012 B00AA01 84-5687
012 C01AA01 ROCKY MOUNT
012 C02AA01 NC
012 C03AA01 27803
012 C04AA01 0435
013 A00AA01 DELOITTE & TOUCHE LLP
013 B01AA01 PRINCETON
013 B02AA01 NJ
013 B03AA01 08540
015 A00AA01 FIRST UNION NATIONAL BANK OF NORTH CAROLINA
015 B00AA01 C
015 C01AA01 CHARLOTTE
015 C02AA01 NC
015 C03AA01 28203
015 E01AA01 X
018  00AA00 Y
019 A00AA00 Y
019 B00AA00    3
019 C00AA00 CHESAPEAKE
020 A000001 SPEAR, LEEDS & KELL
020 C000001     37
020 A000002 ESI SECURITIES CO.
020 C000002     22
020 A000003 INSTINET CORP
020 C000003     18
020 A000004 EQUITABLE SECURITIES
020 C000004     15
020 A000005 MERRILL LYNCH
020 C000005     15
020 A000006 STANDARD & POORS
020 C000006     15
020 A000007 ALEX BROWN
020 C000007     15
020 A000008 FIRST BOSTON
020 C000008     13
020 A000009 AUTRANET
020 C000009     10
020 A000010 PRUDENTIAL BACHE SECURITIES
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<PAGE>      PAGE  3
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<PAGE>      PAGE  4
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<PAGE>      PAGE  5
046  000100 N
047  000100 Y
048  000100  1.250
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055 B000100 N
056  000100 Y
057  000100 N
<PAGE>      PAGE  6
058 A000100 N
059  000100 Y
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070 F010100 N
070 F020100 N
070 G010100 N
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070 H010100 N
<PAGE>      PAGE  7
070 H020100 N
070 I010100 N
070 I020100 N
070 J010100 N
070 J020100 N
070 K010100 Y
070 K020100 Y
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070 L020100 N
070 M010100 N
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072 Y000100       34
072 Z000100    -2011
<PAGE>      PAGE  8
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SIGNATURE   C. FRANK WATSON III
TITLE       SECRETARY


<TABLE> <S> <C>

<ARTICLE>                       6
<CIK>                           0000893759
<NAME>                          Gardner Lewis Investment Trust
<SERIES>
   <NUMBER>                     1
   <NAME>                       Chesapeake Aggressive Growth Fund
<MULTIPLIER>                    1
<CURRENCY>                      U.S. Dollars

<S>                                           <C>
<PERIOD-TYPE>                                             6-MOS
<FISCAL-YEAR-END>                                   Aug-31-2000
<PERIOD-END>                                        Feb-29-2000
<EXCHANGE-RATE>                                               1
<INVESTMENTS-AT-COST>                               211,465,318
<INVESTMENTS-AT-VALUE>                              413,096,274
<RECEIVABLES>                                         5,990,385
<ASSETS-OTHER>                                                0
<OTHER-ITEMS-ASSETS>                                          0
<TOTAL-ASSETS>                                      419,086,659
<PAYABLE-FOR-SECURITIES>                              3,785,988
<SENIOR-LONG-TERM-DEBT>                                       0
<OTHER-ITEMS-LIABILITIES>                                91,896
<TOTAL-LIABILITIES>                                   3,877,884
<SENIOR-EQUITY>                                               0
<PAID-IN-CAPITAL-COMMON>                            179,847,367
<SHARES-COMMON-STOCK>                                14,796,017
<SHARES-COMMON-PRIOR>                                17,021,028
<ACCUMULATED-NII-CURRENT>                                     0
<OVERDISTRIBUTION-NII>                                        0
<ACCUMULATED-NET-GAINS>                              33,730,452
<OVERDISTRIBUTION-GAINS>                                      0
<ACCUM-APPREC-OR-DEPREC>                            201,630,956
<NET-ASSETS>                                        415,208,775
<DIVIDEND-INCOME>                                       205,245
<INTEREST-INCOME>                                             0
<OTHER-INCOME>                                                0
<EXPENSES-NET>                                        2,216,286
<NET-INVESTMENT-INCOME>                              (2,011,041)
<REALIZED-GAINS-CURRENT>                             47,144,770
<APPREC-INCREASE-CURRENT>                           133,453,983
<NET-CHANGE-FROM-OPS>                               178,587,712
<EQUALIZATION>                                                0
<DISTRIBUTIONS-OF-INCOME>                                     0
<DISTRIBUTIONS-OF-GAINS>                              9,840,604
<DISTRIBUTIONS-OTHER>                                         0
<NUMBER-OF-SHARES-SOLD>                                 703,238
<NUMBER-OF-SHARES-REDEEMED>                           3,419,096
<SHARES-REINVESTED>                                     490,847
<NET-CHANGE-IN-ASSETS>                              129,127,707
<ACCUMULATED-NII-PRIOR>                                       0
<ACCUMULATED-GAINS-PRIOR>                            (1,562,673)
<OVERDISTRIB-NII-PRIOR>                                       0
<OVERDIST-NET-GAINS-PRIOR>                                    0
<GROSS-ADVISORY-FEES>                                 1,968,003
<INTEREST-EXPENSE>                                            0
<GROSS-EXPENSE>                                       2,250,054
<AVERAGE-NET-ASSETS>                                315,745,568
<PER-SHARE-NAV-BEGIN>                                     16.81
<PER-SHARE-NII>                                           (0.14)
<PER-SHARE-GAIN-APPREC>                                   10.72
<PER-SHARE-DIVIDEND>                                          0
<PER-SHARE-DISTRIBUTIONS>                                  0.67
<RETURNS-OF-CAPITAL>                                          0
<PER-SHARE-NAV-END>                                       28.06
<EXPENSE-RATIO>                                            1.41


</TABLE>


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