<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000919989
<NAME> SUMMIT INVESTMENT TRUST
<SERIES>
<NUMBER> 011
<NAME> SUMMIT HIGH YIELD 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> 39685596
<INVESTMENTS-AT-VALUE> 32746546
<RECEIVABLES> 1053548
<ASSETS-OTHER> 10892
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 33810986
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 71036
<TOTAL-LIABILITIES> 71036
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 47788318
<SHARES-COMMON-STOCK> 4209957 <F1>
<SHARES-COMMON-PRIOR> 5382321 <F1>
<ACCUMULATED-NII-CURRENT> 48034
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 0
<OVERDISTRIBUTION-GAINS> 7157352
<ACCUM-APPREC-OR-DEPREC> (6939050)
<NET-ASSETS> 33739950
<DIVIDEND-INCOME> 32834
<INTEREST-INCOME> 4486495
<OTHER-INCOME> 0
<EXPENSES-NET> 641112
<NET-INVESTMENT-INCOME> 3878217
<REALIZED-GAINS-CURRENT> (3053949)
<APPREC-INCREASE-CURRENT> (1152842)
<NET-CHANGE-FROM-OPS> (328574)
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 3862589 <F1>
<DISTRIBUTIONS-OF-GAINS> 0 <F1>
<DISTRIBUTIONS-OTHER> 0 <F1>
<NUMBER-OF-SHARES-SOLD> 479419 <F1>
<NUMBER-OF-SHARES-REDEEMED> 1884091 <F1>
<SHARES-REINVESTED> 232308 <F1>
<NET-CHANGE-IN-ASSETS> (13957931)
<ACCUMULATED-NII-PRIOR> 62531
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 4103403
<GROSS-ADVISORY-FEES> 210278
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 696858
<AVERAGE-NET-ASSETS> 39580076 <F1>
<PER-SHARE-NAV-BEGIN> 8.79 <F1>
<PER-SHARE-NII> 0.82 <F1>
<PER-SHARE-GAIN-APPREC> (0.84)<F1>
<PER-SHARE-DIVIDEND> 0.82 <F1>
<PER-SHARE-DISTRIBUTIONS> 0.00 <F1>
<RETURNS-OF-CAPITAL> 0 <F1>
<PER-SHARE-NAV-END> 7.95 <F1>
<EXPENSE-RATIO> 1.60 <F1>
<FN>
<F1>A SHARES
</FN>
</TABLE>
