<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000919989
<NAME> SUMMIT INVESTMENT TRUST
<SERIES>
<NUMBER> 022
<NAME> SUMMIT EMERGING MARKETS BOND FUND
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> MAY-31-2000
<PERIOD-START> JUN-01-1999
<PERIOD-END> MAY-31-2000
<INVESTMENTS-AT-COST> 26934422
<INVESTMENTS-AT-VALUE> 21284861
<RECEIVABLES> 757243
<ASSETS-OTHER> 5078
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 22047182
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 42584
<TOTAL-LIABILITIES> 42584
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 29846446
<SHARES-COMMON-STOCK> 203 <F1>
<SHARES-COMMON-PRIOR> 184 <F1>
<ACCUMULATED-NII-CURRENT> 19032
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 0
<OVERDISTRIBUTION-GAINS> 2211319
<ACCUM-APPREC-OR-DEPREC> (5649561)
<NET-ASSETS> 22004598
<DIVIDEND-INCOME> 41013
<INTEREST-INCOME> 2808213
<OTHER-INCOME> 0
<EXPENSES-NET> 465572
<NET-INVESTMENT-INCOME> 2383654
<REALIZED-GAINS-CURRENT> (1080799)
<APPREC-INCREASE-CURRENT> 159630
<NET-CHANGE-FROM-OPS> 1462485
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 137 <F1>
<DISTRIBUTIONS-OF-GAINS> 0 <F1>
<DISTRIBUTIONS-OTHER> 0 <F1>
<NUMBER-OF-SHARES-SOLD> 0 <F1>
<NUMBER-OF-SHARES-REDEEMED> 0 <F1>
<SHARES-REINVESTED> 19 <F1>
<NET-CHANGE-IN-ASSETS> (233651)
<ACCUMULATED-NII-PRIOR> 26368
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 1113334
<GROSS-ADVISORY-FEES> 174585
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 506441
<AVERAGE-NET-ASSETS> 1425 <F1>
<PER-SHARE-NAV-BEGIN> 7.28 <F1>
<PER-SHARE-NII> 0.71 <F1>
<PER-SHARE-GAIN-APPREC> (0.31)<F1>
<PER-SHARE-DIVIDEND> 0.71 <F1>
<PER-SHARE-DISTRIBUTIONS> 0.00 <F1>
<RETURNS-OF-CAPITAL> 0 <F1>
<PER-SHARE-NAV-END> 6.97 <F1>
<EXPENSE-RATIO> 2.75 <F1>
<FN>
<F1>B SHARES
</FN>
</TABLE>
