<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000912035
<NAME> MORGAN GRENFELL INVESTMENT TRUST
<SERIES>
<NUMBER> 141
<NAME> SHORT TERM MUNICIPAL TRUST
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> OCT-31-2000
<PERIOD-END> APR-30-2000
<INVESTMENTS-AT-COST> 94665
<INVESTMENTS-AT-VALUE> 93855
<RECEIVABLES> 1999
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 95854
<PAYABLE-FOR-SECURITIES> 299
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 465
<TOTAL-LIABILITIES> 764
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 97105
<SHARES-COMMON-STOCK> 9377
<SHARES-COMMON-PRIOR> 10623
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 3
<ACCUMULATED-NET-GAINS> (1200)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> (811)
<NET-ASSETS> 95091
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 2612
<OTHER-INCOME> 0
<EXPENSES-NET> 302
<NET-INVESTMENT-INCOME> 2310
<REALIZED-GAINS-CURRENT> (1049)
<APPREC-INCREASE-CURRENT> 877
<NET-CHANGE-FROM-OPS> 2138
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 2305
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 47306
<NUMBER-OF-SHARES-REDEEMED> 61382
<SHARES-REINVESTED> 1674
<NET-CHANGE-IN-ASSETS> (12604)
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> (150)
<OVERDISTRIB-NII-PRIOR> 3
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 219
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 417
<AVERAGE-NET-ASSETS> 0
<PER-SHARE-NAV-BEGIN> 10.12
<PER-SHARE-NII> .21
<PER-SHARE-GAIN-APPREC> 0
<PER-SHARE-DIVIDEND> 0
<PER-SHARE-DISTRIBUTIONS> (.21)
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 10.12
<EXPENSE-RATIO> .55
</TABLE>
