BRANDES INVESTMENT TRUST
NSAR-B, 1997-12-30
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PAGE 1
000 B000000 10/31/97
000 C000000 0000926678
000 D000000 N
000 E000000 NF
000 F000000 Y
000 G000000 N
000 H000000 N
000 I000000 3.0
000 J000000 A
001 A000000 BRANDES INVESTMENT TRUST
001 B000000 811-8614
001 C000000 6197550239
002 A000000 12750 HIGH BLUFF DRIVE
002 B000000 SAN DIEGO
002 C000000 CA
002 D010000 92130
003  000000 N
004  000000 N
005  000000 N
006  000000 N
007 A000000 Y
007 B000000  1
007 C010100  1
007 C020100 BRANDES INSTITUTIONAL INT'L EQUITY FUND
007 C030100 N
007 C010200  2
007 C010300  3
007 C010400  4
007 C010500  5
007 C010600  6
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<PAGE>
PAGE 2
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<PAGE>      
PAGE  3
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020 A000001 WARBURG SECURITIES
020 B000001 13-2642206
020 C000001     30
020 A000002 MORGAN STANLEY & CO INC
020 B000002 13-2655998
020 C000002     24
020 A000003 NATWEST SECURITIES CORPORATION
020 C000003     15
020 A000004 FLEMING, ROBERT, INC.
020 C000004     13
020 A000005 UBS SECURITIES
020 C000005     10
020 A000006 SALOMON BROTHERS INTERNATIONAL
020 C000006      8
020 A000007 KLEINWORT BENSON SECURITIES, LONDON
020 C000007      6
020 A000008 JAMES CAPEL FAR EAST/HONG KONG
020 C000008      6
020 A000009 DEUTSCHE BANK
020 C000009      5
020 A000010 PARIBAS SECURITIES, LONDON
020 C000010      5
021  000000      150
022 A000001 INVESTORS BANK & TRUST
022 C000001    601675
022 D000001         0
022 A000002 SALOMON BROTHERS INTERNATIONAL
022 B000002 13-3082694
022 C000002       751
022 D000002        38
022 A000003 GOLDMAN SACHS AND CO NY
022 C000003       653
022 D000003         1
022 A000004 JP MORGAN SECURITIES INC.
022 C000004       277
022 D000004        36
022 A000005 NATWEST SECURITIES
022 C000005       226
022 D000005        14
<PAGE>      
PAGE  4
022 A000006 MORGAN STANLEY & CO INC.
022 B000006 13-2655998
022 C000006       211
022 D000006         8
022 A000007 BARCLAYS BANK PLC
022 C000007       115
022 D000007        52
022 A000008 FIRST BOSTON CORP.
022 C000008       166
022 D000008         0
022 A000009 KLEINWORT BENSON SEC LONDON
022 C000009       119
022 D000009        42
022 A000010 MORGAN GRENFEL GROUP, LONDON
022 C000010        91
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008 A000101 BRANDES INVESTMENT PARTNERS, L.P.
008 B000101 A
008 C000101 801-24896
008 D010101 SAN DIEGO
008 D020101 CA
008 D030101 92130
010 A000101 INVESTMENT COMPANY ADMINISTRATION CORPORATION
010 C010101 PHOENIX
<PAGE>      
PAGE  5
010 C020101 AZ
010 C030101 85018
011 A000101 WORLDWIDE VALUE DISTRIBUTORS, L.L.C.
011 B000101 8-037472
011 C010101 PHOENIX
011 C020101 AZ
011 C030101 85018
012 A000101 INVESTORS BANK & TRUST COMPANY
012 B000101 85-00720
012 C010101 BOSTON
012 C020101 MA
012 C030101 02116
013 A000101 ERNST & YOUNG
013 B010101 LOS ANGELES
013 B020101 CA
013 B030101 90071
015 A000101 CITIBANK,N.A.
015 B000101 S
015 C010101 BUENOS AIRES
015 D010101 ARGENTINA
015 E040101 X
015 A000102 CREDITANSTALT BANKVEREIN
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015 A000107 BANK HAPOALIM B.M.
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015 C010107 TEL AVIV
015 D010107 ISRAEL
015 E040107 X
<PAGE>      
PAGE  6
015 A000108 CITIBANK, N.A.
015 B000108 S
015 C010108 MILAN
015 D010108 ITALY
015 E040108 X
015 A000109 STANDARD CHARTERED BANK
015 B000109 S
015 C010109 TOKYO
015 D010109 JAPAN
015 E040109 X
015 A000110 BANCOMER, S.A.
015 B000110 S
015 C010110 MEXICO CITY
015 D010110 MEXICO
015 E040110 X
015 A000111 MEESPIERSON
015 B000111 S
015 C010111 AMSTERDAM
015 D010111 NETHERLANDS
015 E040111 X
015 A000112 CITIBANK PORTUGAL S.A.
015 B000112 S
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015 D010112 PORTUGAL
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015 C010113 SINGAPORE
015 D010113 SINGAPORE
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015 A000114 STANDARD BANK OF SOUTH AFRICA LIMITED
015 B000114 S
015 C010114 JOHANNESBURG
015 D010114 SOUTH AFRICA
015 E040114 X
015 A000115 STANDARD CHARTERED BANK
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015 C010115 SEOUL
015 D010115 KOREA
015 E040115 X
015 A000116 DELETE
015 A000117 BANK LEU LTD
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015 C010117 ZURICH
015 D010117 SWITZERLAND
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015 A000118 STANDARD CHARTERED BANK
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015 C010118 BANGKOK
015 D010118 THAILAND
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<PAGE>      
PAGE  7
015 A000119 BARCLAYS BANK PLC
015 B000119 S
015 C010119 LONDON
015 D010119 UNITED KINGDOM
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015 A000120 INVESTORS BANK & TRUST COMPANY
015 B000120 C
015 C010120 BOSTON
015 C020120 MA
015 C030120 02205
015 C040120 1537
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015 A000121 BANQUE PARIBAS
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015 D010121 SPAIN
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015 A000122 FIRST CHICAGO CLEARING CENTRE
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015 D010122 UNITED KINGDOM
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<PAGE>      
PAGE  8
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<PAGE>      
PAGE  9
033  000100      0
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<PAGE>      
PAGE  10
053 C000100 N
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<PAGE>      
PAGE  11
066 G000100 N
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<PAGE>      
PAGE  12
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<PAGE>      
PAGE  13
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080 A000100 FEDERAL INSURANCE COMPANY
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SIGNATURE   THOMAS MARSCHEL                              
TITLE       ASSISTANT TREASURER 

<TABLE> <S> <C>

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<CIK>                         0000926678
<NAME>                        BRANDES INVESTMENT TRUST
<SERIES>
   <NUMBER>                   1
   <NAME>                     BRANDES INSTITUTIONAL INTERNATIONAL EQUITY FUND
<MULTIPLIER>                  1
<CURRENCY>                    U.S. DOLLARS
       
<S>                             <C>
<PERIOD-TYPE>                   10-MOS
<FISCAL-YEAR-END>                          OCT-31-1997
<PERIOD-START>                              JAN-2-1997
<PERIOD-END>                               OCT-31-1997
<EXCHANGE-RATE>                                      1
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<INVESTMENTS-AT-VALUE>                      51,024,761
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<EXPENSE-RATIO>                                    .02
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        

</TABLE>


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