SHORT TERM INVESTMENTS CO /TX/
NSAR-A, 1998-04-29
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<PAGE>      PAGE  1
000 A000000 02/28/98
000 C000000 914638
000 D000000 N
000 E000000 NF
000 F000000 Y
000 G000000 N
000 H000000 N
000 I000000 3.0.a
000 J000000 U
001 A000000 SHORT-TERM INVESTMENTS CO.
001 B000000 811-7892
001 C000000 7136261919
002 A000000 11 GREENWAY PLAZA SUITE 100
002 B000000 HOUSTON
002 C000000 TX
002 D010000 77046
003  000000 N
004  000000 N
005  000000 N
006  000000 N
007 A000000 Y
007 B000000  2
007 C010100  1
007 C020100 PRIME PORTFOLIO
007 C030100 N
007 C010200  2
007 C010300  3
007 C010400  4
007 C010500  5
007 C020500 LIQUID ASSETS PORTFOLIO
007 C030500 N
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007 C010700  7
007 C010800  8
007 C010900  9
007 C011000 10
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008 B00AA01 A
008 C00AA01 801-12313
008 D01AA01 HOUSTON
008 D02AA01 TX
008 D03AA01 77046
011 A00AA01 FUND MANAGEMENT CO.
011 B00AA01 8-41848
011 C01AA01 HOUSTON
011 C02AA01 TX
011 C03AA01 77046
012 A00AA01 AIM FUND SERVICES, INC.
012 B00AA01 84-5432
012 C01AA01 HOUSTON
012 C02AA01 TX
<PAGE>      PAGE  2
012 C03AA01 77046
012 A00AA02 DELETE
013 A00AA01 KPMG PEAT MARWICK LLP
013 B01AA01 HOUSTON
013 B02AA01 TX
013 B03AA01 77002
015 A00AA01 BANK OF NEW YORK
015 B00AA01 C
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015 C02AA01 NY
015 C03AA01 10286
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022 B000001 13-5108880
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022 A000002 HSBC SECURITIES, INC.
022 B000002 13-2650272
022 C000002  49842495
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022 B000003 13-2932996
022 C000003  39172939
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022 B000004 13-3551367
022 C000004  31120830
022 D000004     44313
022 A000005 GREENWICH CAPITAL MARKETS, INC.
022 B000005 13-3172275
022 C000005  21170111
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022 A000006 DRESDNER KLEINWORT BENSON NORTH AMERICA LLC
022 B000006 13-6172414
022 C000006  20621555
022 D000006     48734
022 A000007 CIBC OPPENHEIMER CORP.
022 B000007 13-5492430
022 C000007  20400829
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022 A000008 SBC WARBURG DILLON READ, INC.
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022 B000009 13-1912900
<PAGE>      PAGE  3
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022 A000010 LEHMAN BROTHERS, INC.
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<PAGE>      PAGE  4
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<PAGE>      PAGE  6
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<PAGE>      PAGE  7
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<PAGE>      PAGE  8
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025 A000505 DRESDNER KLEINWORT BENSON NORTH AMERICA LLC
025 B000505 13-6172414
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<PAGE>      PAGE  9
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<PAGE>      PAGE  10
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<PAGE>      PAGE  11
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070 H020500 N
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070 I020500 N
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070 J020500 N
070 K010500 N
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070 L020500 N
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SIGNATURE   JOHN ARTHUR                                  
TITLE       TREASURER           
 


<TABLE> <S> <C>

<ARTICLE> 6
<LEGEND>
This schedule contains summary financial information for the Short-Term
Investments Co. Liquid Assets Portfolio MSTC Cash Reserves Class for the
semi-annual period ended February 28, 1998.
</LEGEND>
<CIK> 0000914638
<NAME> SHORT-TERM INVESTMENTS CO.
<SERIES>
   <NUMBER> 9
   <NAME> LIQUID ASSETS PORTFOLIO MSTC CASH RESERVES CLASS
       
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</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<LEGEND>
This schedule contains summary financial information for the Short-Term
Investments Co. Liquid Assets Portfolio Cash Management Class for the
semi-annual period ended February 28, 1998.
</LEGEND>
<CIK> 0000914638
<NAME> SHORT-TERM INVESTMENTS CO.
<SERIES>
   <NUMBER> 7
   <NAME> LIQUID ASSETS PORTFOLIO CASH MANAGEMENT CLASS
       
<S>                             <C>
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</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<LEGEND>
This schedule contains summary financial information for the Short-Term
Investments Co. Liquid Assets Portfolio Private Investment Class for the
semi-annual period ended February 28, 1998.
</LEGEND>
<CIK> 0000914638
<NAME> SHORT-TERM INVESTMENTS CO.
<SERIES>
   <NUMBER> 6
   <NAME> LIQUID ASSETS PORTFOLIO PRIVATE INVESTMENT CLASS
       
<S>                             <C>
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          AUG-31-1998
<PERIOD-END>                               FEB-28-1998
<INVESTMENTS-AT-COST>                       4681412324
<INVESTMENTS-AT-VALUE>                      4681412324
<RECEIVABLES>                                  7530415
<ASSETS-OTHER>                                  531204
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                              4689473943
<PAYABLE-FOR-SECURITIES>                             0
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                     17909204
<TOTAL-LIABILITIES>                           17909204
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                    4672372431
<SHARES-COMMON-STOCK>                       4672372431
<SHARES-COMMON-PRIOR>                       4023590763
<ACCUMULATED-NII-CURRENT>                            0
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                       (807692)
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                             0
<NET-ASSETS>                                4671564739
<DIVIDEND-INCOME>                                    0
<INTEREST-INCOME>                            112477098
<OTHER-INCOME>                                       0
<EXPENSES-NET>                               (1755116)
<NET-INVESTMENT-INCOME>                      110721982
<REALIZED-GAINS-CURRENT>                        572713
<APPREC-INCREASE-CURRENT>                            0
<NET-CHANGE-FROM-OPS>                        111294695
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                  (110721982)
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                    47893901134
<NUMBER-OF-SHARES-REDEEMED>              (47267676180)
<SHARES-REINVESTED>                           22556714
<NET-CHANGE-IN-ASSETS>                       649354381
<ACCUMULATED-NII-PRIOR>                              0
<ACCUMULATED-GAINS-PRIOR>                    (1380405)
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                          2964525
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                3905992
<AVERAGE-NET-ASSETS>                          66782388
<PER-SHARE-NAV-BEGIN>                             1.00
<PER-SHARE-NII>                                    .03
<PER-SHARE-GAIN-APPREC>                              0
<PER-SHARE-DIVIDEND>                             (.03)
<PER-SHARE-DISTRIBUTIONS>                            0
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                               1.00
<EXPENSE-RATIO>                                    .37
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        


</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<LEGEND>
This schedule contains summary financial information for the Short-Term
Investments Co. Prime Portfolio Institutional Class for the semi-annual
period ended February 28, 1998.
</LEGEND>
<CIK> 0000914638
<NAME> SHORT-TERM INVESTMENTS CO.
<SERIES>
   <NUMBER> 1
   <NAME> PRIME PORTFOLIO INSTITUTIONAL CLASS
       
<S>                             <C>
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          AUG-31-1998
<PERIOD-END>                               FEB-28-1998
<INVESTMENTS-AT-COST>                       6832527164
<INVESTMENTS-AT-VALUE>                      6832527164
<RECEIVABLES>                                   457261
<ASSETS-OTHER>                                  910729
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                              6833895154
<PAYABLE-FOR-SECURITIES>                      39809178
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                     31116826
<TOTAL-LIABILITIES>                           70926004
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                    6762975488
<SHARES-COMMON-STOCK>                       6762975488
<SHARES-COMMON-PRIOR>                       6854716972
<ACCUMULATED-NII-CURRENT>                            0
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                         (6338)
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                             0
<NET-ASSETS>                                6762969150
<DIVIDEND-INCOME>                                    0
<INTEREST-INCOME>                            214733746
<OTHER-INCOME>                                       0
<EXPENSES-NET>                               (4545369)
<NET-INVESTMENT-INCOME>                      210188377
<REALIZED-GAINS-CURRENT>                             0
<APPREC-INCREASE-CURRENT>                            0
<NET-CHANGE-FROM-OPS>                        210188377
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                  (210188377)
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                    46947977626
<NUMBER-OF-SHARES-REDEEMED>              (47073385950)
<SHARES-REINVESTED>                           33666840
<NET-CHANGE-IN-ASSETS>                      (91741484)
<ACCUMULATED-NII-PRIOR>                              0
<ACCUMULATED-GAINS-PRIOR>                       (6338)
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                          2100407
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                5062101
<AVERAGE-NET-ASSETS>                        6252534746
<PER-SHARE-NAV-BEGIN>                             1.00
<PER-SHARE-NII>                                    .03
<PER-SHARE-GAIN-APPREC>                              0
<PER-SHARE-DIVIDEND>                             (.03)
<PER-SHARE-DISTRIBUTIONS>                            0
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                               1.00
<EXPENSE-RATIO>                                    .09
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        


</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<LEGEND>
This schedule contains summary financial information for the Short-Term
Investments Co. Prime Portfolio Private Investment Class for the
semi-annual period ended February 28, 1998.
</LEGEND>
<CIK> 0000914638
<NAME> SHORT-TERM INVESTMENTS CO.
<SERIES>
   <NUMBER> 2
   <NAME> PRIME PORTFOLIO PRIVATE INVESTMENTS CLASS
       
<S>                             <C>
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          AUG-31-1998
<PERIOD-END>                               FEB-28-1998
<INVESTMENTS-AT-COST>                       6832527164
<INVESTMENTS-AT-VALUE>                      6832527164
<RECEIVABLES>                                   457261
<ASSETS-OTHER>                                  910729
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                              6833895154
<PAYABLE-FOR-SECURITIES>                      39809178
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                     31116826
<TOTAL-LIABILITIES>                           70926004
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                    6762975488
<SHARES-COMMON-STOCK>                       6762975488
<SHARES-COMMON-PRIOR>                       6854716972
<ACCUMULATED-NII-CURRENT>                            0
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                         (6338)
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                             0
<NET-ASSETS>                                6762969150
<DIVIDEND-INCOME>                                    0
<INTEREST-INCOME>                            214733746
<OTHER-INCOME>                                       0
<EXPENSES-NET>                               (4545369)
<NET-INVESTMENT-INCOME>                      210188377
<REALIZED-GAINS-CURRENT>                             0
<APPREC-INCREASE-CURRENT>                            0
<NET-CHANGE-FROM-OPS>                        210188377
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                  (210188377)
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                    46947977626
<NUMBER-OF-SHARES-REDEEMED>              (47073385950)
<SHARES-REINVESTED>                           33666840
<NET-CHANGE-IN-ASSETS>                      (91741484)
<ACCUMULATED-NII-PRIOR>                              0
<ACCUMULATED-GAINS-PRIOR>                       (6338)
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                          2100407
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                5062101
<AVERAGE-NET-ASSETS>                         264241422
<PER-SHARE-NAV-BEGIN>                             1.00
<PER-SHARE-NII>                                    .03
<PER-SHARE-GAIN-APPREC>                              0
<PER-SHARE-DIVIDEND>                             (.03)
<PER-SHARE-DISTRIBUTIONS>                            0
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                               1.00
<EXPENSE-RATIO>                                    .39
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        


</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<LEGEND>
This schedule contains summary financial information for the Short-Term
Investments Co. Prime Portfolio Resource Class for the semi-annual
period ended February 28, 1998.
</LEGEND>
<CIK> 0000914638
<NAME> SHORT-TERM INVESTMENTS CO.
<SERIES>
   <NUMBER> 8
   <NAME> PRIME PORTFOLIO RESOURCE CLASS
       
<S>                             <C>
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          AUG-31-1998
<PERIOD-END>                               FEB-28-1998
<INVESTMENTS-AT-COST>                       6832527164
<INVESTMENTS-AT-VALUE>                      6832527164
<RECEIVABLES>                                   457261
<ASSETS-OTHER>                                  910729
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                              6833895154
<PAYABLE-FOR-SECURITIES>                      39809178
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                     31116826
<TOTAL-LIABILITIES>                           70926004
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                    6762975488
<SHARES-COMMON-STOCK>                       6762975488
<SHARES-COMMON-PRIOR>                       6854716972
<ACCUMULATED-NII-CURRENT>                            0
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                         (6338)
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                             0
<NET-ASSETS>                                6762969150
<DIVIDEND-INCOME>                                    0
<INTEREST-INCOME>                            214733746
<OTHER-INCOME>                                       0
<EXPENSES-NET>                               (4545369)
<NET-INVESTMENT-INCOME>                      210188377
<REALIZED-GAINS-CURRENT>                             0
<APPREC-INCREASE-CURRENT>                            0
<NET-CHANGE-FROM-OPS>                        210188377
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                  (210188377)
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                    46947977626
<NUMBER-OF-SHARES-REDEEMED>              (47073385950)
<SHARES-REINVESTED>                           33666840
<NET-CHANGE-IN-ASSETS>                      (91741484)
<ACCUMULATED-NII-PRIOR>                              0
<ACCUMULATED-GAINS-PRIOR>                       (6338)
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                          2100407
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                5062101
<AVERAGE-NET-ASSETS>                         205163569
<PER-SHARE-NAV-BEGIN>                             1.00
<PER-SHARE-NII>                                    .03
<PER-SHARE-GAIN-APPREC>                              0
<PER-SHARE-DIVIDEND>                             (.03)
<PER-SHARE-DISTRIBUTIONS>                            0
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                               1.00
<EXPENSE-RATIO>                                    .25
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        


</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<LEGEND>
This schedule contains summary financial information for the Short-Term
Investments Co. Prime Portfolio Personal Investment Class for the
semi-annual period ended February 28, 1998.
</LEGEND>
<CIK> 0000914638
<NAME> SHORT-TERM INVESTMENTS CO.
<SERIES>
   <NUMBER> 3
   <NAME> PRIME PORTFOLIO PERSONAL INVESTMENT CLASS
       
<S>                             <C>
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          AUG-31-1998
<PERIOD-END>                               FEB-28-1998
<INVESTMENTS-AT-COST>                       6832527164
<INVESTMENTS-AT-VALUE>                      6832527164
<RECEIVABLES>                                   457261
<ASSETS-OTHER>                                  910729
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                              6833895154
<PAYABLE-FOR-SECURITIES>                      39809178
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                     31116826
<TOTAL-LIABILITIES>                           70926004
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                    6762975488
<SHARES-COMMON-STOCK>                       6762975488
<SHARES-COMMON-PRIOR>                       6854716972
<ACCUMULATED-NII-CURRENT>                            0
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                         (6338)
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                             0
<NET-ASSETS>                                6762969150
<DIVIDEND-INCOME>                                    0
<INTEREST-INCOME>                            214733746
<OTHER-INCOME>                                       0
<EXPENSES-NET>                               (4545369)
<NET-INVESTMENT-INCOME>                      210188377
<REALIZED-GAINS-CURRENT>                             0
<APPREC-INCREASE-CURRENT>                            0
<NET-CHANGE-FROM-OPS>                        210188377
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                  (210188377)
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                    46947977626
<NUMBER-OF-SHARES-REDEEMED>              (47073385950)
<SHARES-REINVESTED>                           33666840
<NET-CHANGE-IN-ASSETS>                      (91741484)
<ACCUMULATED-NII-PRIOR>                              0
<ACCUMULATED-GAINS-PRIOR>                       (6338)
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                          2100407
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                5062101
<AVERAGE-NET-ASSETS>                         110616291
<PER-SHARE-NAV-BEGIN>                             1.00
<PER-SHARE-NII>                                    .03
<PER-SHARE-GAIN-APPREC>                              0
<PER-SHARE-DIVIDEND>                             (.03)
<PER-SHARE-DISTRIBUTIONS>                            0
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                               1.00
<EXPENSE-RATIO>                                    .59
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        


</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<LEGEND>
This schedule contains summary financial information for the Short-Term
Investments Co. Prime Portfolio Cash Management Class for the
semi-annual period ended February 28, 1998.
</LEGEND>
<CIK> 0000914638
<NAME> SHORT-TERM INVESTMENTS CO.
<SERIES>
   <NUMBER> 4
   <NAME> PRIME PORTFOLIO CASH MANAGEMENT CLASS
       
<S>                             <C>
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          AUG-31-1998
<PERIOD-END>                               FEB-28-1998
<INVESTMENTS-AT-COST>                       6832527164
<INVESTMENTS-AT-VALUE>                      6832527164
<RECEIVABLES>                                   457261
<ASSETS-OTHER>                                  910729
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                              6833895154
<PAYABLE-FOR-SECURITIES>                      39809178
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                     31116826
<TOTAL-LIABILITIES>                           70926004
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                    6762975488
<SHARES-COMMON-STOCK>                       6762975488
<SHARES-COMMON-PRIOR>                       6854716972
<ACCUMULATED-NII-CURRENT>                            0
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                         (6338)
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                             0
<NET-ASSETS>                                6762969150
<DIVIDEND-INCOME>                                    0
<INTEREST-INCOME>                            214733746
<OTHER-INCOME>                                       0
<EXPENSES-NET>                               (4545369)
<NET-INVESTMENT-INCOME>                      210188377
<REALIZED-GAINS-CURRENT>                             0
<APPREC-INCREASE-CURRENT>                            0
<NET-CHANGE-FROM-OPS>                        210188377
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                  (210188377)
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                    46947977626
<NUMBER-OF-SHARES-REDEEMED>              (47073385950)
<SHARES-REINVESTED>                           33666840
<NET-CHANGE-IN-ASSETS>                      (91741484)
<ACCUMULATED-NII-PRIOR>                              0
<ACCUMULATED-GAINS-PRIOR>                       (6338)
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                          2100407
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                5062101
<AVERAGE-NET-ASSETS>                         798698883
<PER-SHARE-NAV-BEGIN>                             1.00
<PER-SHARE-NII>                                    .03
<PER-SHARE-GAIN-APPREC>                              0
<PER-SHARE-DIVIDEND>                             (.03)
<PER-SHARE-DISTRIBUTIONS>                            0
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                               1.00
<EXPENSE-RATIO>                                    .17
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        


</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<LEGEND>
This schedule contains summary financial information for the Short-Term
Investments Co. Liquid Assets Portfolio Institutional Class for the semi-annual
period ended February 28, 1998.
</LEGEND>
<CIK> 0000914638
<NAME> SHORT-TERM INVESTMENTS CO.
<SERIES>
   <NUMBER> 5
   <NAME> LIQUID ASSETS PORTFOLIO INSTITUTIONAL CLASS
       
<S>                             <C>
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          AUG-31-1998
<PERIOD-END>                               FEB-28-1998
<INVESTMENTS-AT-COST>                       4681412324
<INVESTMENTS-AT-VALUE>                      4681412324
<RECEIVABLES>                                  7530415
<ASSETS-OTHER>                                  531204
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                              4689473943
<PAYABLE-FOR-SECURITIES>                             0
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                     17909204
<TOTAL-LIABILITIES>                           17909204
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                    4672372431
<SHARES-COMMON-STOCK>                       4672372431
<SHARES-COMMON-PRIOR>                       4023590763
<ACCUMULATED-NII-CURRENT>                            0
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                       (807692)
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                             0
<NET-ASSETS>                                4671564739
<DIVIDEND-INCOME>                                    0
<INTEREST-INCOME>                            112477098
<OTHER-INCOME>                                       0
<EXPENSES-NET>                               (1755116)
<NET-INVESTMENT-INCOME>                      110721982
<REALIZED-GAINS-CURRENT>                        572713
<APPREC-INCREASE-CURRENT>                            0
<NET-CHANGE-FROM-OPS>                        111294695
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                  (110721982)
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                    47893901134
<NUMBER-OF-SHARES-REDEEMED>              (47267676180)
<SHARES-REINVESTED>                           22556714
<NET-CHANGE-IN-ASSETS>                       649354381
<ACCUMULATED-NII-PRIOR>                              0
<ACCUMULATED-GAINS-PRIOR>                    (1380405)
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                          2964525
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                3905992
<AVERAGE-NET-ASSETS>                        3643174428
<PER-SHARE-NAV-BEGIN>                             1.00
<PER-SHARE-NII>                                    .03
<PER-SHARE-GAIN-APPREC>                              0
<PER-SHARE-DIVIDEND>                             (.03)
<PER-SHARE-DISTRIBUTIONS>                            0
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                               1.00
<EXPENSE-RATIO>                                    .07
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        


</TABLE>


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