<PAGE> PAGE 1
000 B000000 10/31/1999
000 C000000 0000926678
000 D000000 N
000 E000000 NF
000 F000000 Y
000 G000000 N
000 H000000 N
000 I000000 6.1
000 J000000 A
001 A000000 BRANDES INVESTMENT TRUST
001 B000000 811-08614
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 INTERNATIONAL EQUITY FD
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007 C010300 3
007 C010400 4
007 C010500 5
007 C010600 6
007 C010700 7
007 C010800 8
007 C010900 9
007 C011000 10
008 A00AA01 BRANDES INVESTMENT PARTNERS, L.P.
008 B00AA01 A
008 C00AA01 801-1111
008 D01AA01 SAN DIEGO
008 D02AA01 CA
008 D03AA01 92130
010 A00AA01 INVESTMENT COMPANY ADMINISTRATION,L.L.C.
010 C01AA01 GLENDORA
010 C02AA01 CA
010 C03AA01 91741
011 A00AA01 FIRST FUND DISTRIBUTORS, INC.
011 B00AA01 8-42809
011 C01AA01 PHOENIX
011 C02AA01 AZ
011 C03AA01 85018
012 A00AA01 INVESTORS BANK AND TRUST COMPANY
012 B00AA01 85-00720
<PAGE> PAGE 2
012 C01AA01 BOSTON
012 C02AA01 MA
012 C03AA01 02116
013 A00AA01 ERNST & YOUNG LLP
013 B01AA01 LOS ANGELES
013 B02AA01 CA
013 B03AA01 90071
015 A00AA01 INVESTORS BANK & TRUST COMPANY
015 B00AA01 C
015 C01AA01 BOSTON
015 C02AA01 MA
015 C03AA01 02116
015 E01AA01 X
015 A00AA02 CITIBANK
015 B00AA02 S
015 C01AA02 BUENOS AIRES
015 D01AA02 ARGENTINA
015 E04AA02 X
015 A00AA03 NATIONAL AUSTRALIA BANK
015 B00AA03 S
015 C01AA03 MELBOURNE
015 D01AA03 AUSTRALIA
015 E04AA03 X
015 A00AA04 BANK AUSTRIA
015 B00AA04 S
015 C01AA04 VIENNA
015 D01AA04 AUSTRIA
015 E04AA04 X
015 A00AA05 BRITISH BANK
015 B00AA05 S
015 C01AA05 MANAMA
015 D01AA05 BAHRAIN
015 E04AA05 X
015 A00AA06 STANDARD CHARTERED
015 B00AA06 S
015 C01AA06 DHAKA
015 D01AA06 BANGLADESH
015 E04AA06 X
015 A00AA07 PARIBAS
015 B00AA07 S
015 C01AA07 BRUSSELS
015 D01AA07 BELGIUM
015 E04AA07 X
015 A00AA08 BANK OF BERMUDA
015 B00AA08 S
015 C01AA08 HAMILTON
015 D01AA08 BERMUDA
015 E04AA08 X
015 A00AA09 CITIBANK
015 B00AA09 S
015 C01AA09 LA PAZ
<PAGE> PAGE 3
015 D01AA09 BOLIVIA
015 E04AA09 X
015 A00AA10 BARCLAYS BANK
015 B00AA10 S
015 C01AA10 GABORONE
015 D01AA10 BOTSWANA
015 E04AA10 X
015 A00AA11 BANKBOSTON
015 B00AA11 S
015 C01AA11 SAO PAULO
015 D01AA11 BRAZIL
015 E04AA11 X
015 A00AA12 ING
015 B00AA12 S
015 C01AA12 SOFIA
015 D01AA12 BULGARIA
015 E04AA12 X
015 A00AA13 ROYAL BANK OF CANADA
015 B00AA13 S
015 C01AA13 TORONTO
015 D01AA13 CANADA
015 E04AA13 X
015 A00AA14 CEDEL
015 B00AA14 S
015 C01AA14 LUXEMBOURG
015 D01AA14 CEDEL
015 E04AA14 X
015 A00AA15 BANKBOSTON
015 B00AA15 S
015 C01AA15 SANTIAGO
015 D01AA15 CHILE
015 E04AA15 X
015 A00AA16 STANDARD CHARTERED
015 B00AA16 S
015 C01AA16 SHENZHEN & SHANGHAI
015 D01AA16 CHINA
015 E04AA16 X
015 A00AA17 CITIBANK
015 B00AA17 S
015 C01AA17 SANTA FE DE BOGOTA
015 D01AA17 COLOMBIA
015 E04AA17 X
015 A00AA18 BANCO BCT
015 B00AA18 S
015 C01AA18 SAN JOSE
015 D01AA18 COSTA RICA
015 E04AA18 X
015 A00AA19 BANKAUSTRIA
015 B00AA19 S
015 C01AA19 ZAGREB
015 D01AA19 CROATIA
<PAGE> PAGE 4
015 E04AA19 X
015 A00AA20 BARCLAYS BANK
015 B00AA20 S
015 C01AA20 NICOSIA
015 D01AA20 CYPRUS
015 E04AA20 X
015 A00AA21 CITIBANK
015 B00AA21 S
015 C01AA21 PRAGUE
015 D01AA21 CZECH REPUBLIC
015 E04AA21 X
015 A00AA22 UNIBANK
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015 C01AA22 COPENHAGEN
015 D01AA22 DENMARK
015 E04AA22 X
015 A00AA23 CITIBANK
015 B00AA23 S
015 C01AA23 QUITO
015 D01AA23 ECUADOR
015 E04AA23 X
015 A00AA24 CITIBANK
015 B00AA24 S
015 C01AA24 CAIRO
015 D01AA24 EQYPT
015 E04AA24 X
015 A00AA25 HANSABANK
015 B00AA25 S
015 C01AA25 TALLINN
015 D01AA25 ESTONIA
015 E04AA25 X
015 A00AA26 EUROCLEAR
015 B00AA26 S
015 C01AA26 BRUSSELS
015 D01AA26 EUROCLEAR
015 E04AA26 X
015 A00AA27 EUROCLEAR
015 B00AA27 S
015 C01AA27 HELSINKI
015 D01AA27 FINLAND
015 E04AA27 X
015 A00AA28 PARIBAS
015 B00AA28 S
015 C01AA28 PARIS
015 D01AA28 FRANCE
015 E04AA28 X
015 A00AA29 PARIBAS AND EUROCLEAR
015 B00AA29 S
015 C01AA29 FRANKFURT
015 D01AA29 GERMANY
015 E04AA29 X
<PAGE> PAGE 5
015 A00AA30 BARCLAYS BANK
015 B00AA30 S
015 C01AA30 ACCRA
015 D01AA30 GHANA
015 E04AA30 X
015 A00AA31 PARIBAS
015 B00AA31 S
015 C01AA31 ATHENS
015 D01AA31 GREECE
015 E04AA31 X
015 A00AA32 STANDARD CHARTERED
015 B00AA32 S
015 C01AA32 HONG KONG
015 D01AA32 HONG KONG
015 E04AA32 X
015 A00AA33 CITIBANK
015 B00AA33 S
015 C01AA33 BUDAPEST
015 D01AA33 HUNGARY
015 E04AA33 X
015 A00AA34 EUROCLEAR
015 B00AA34 S
015 C01AA34 REYKJAVIK
015 D01AA34 ICELAND
015 E04AA34 X
015 A00AA35 ANZ-GRINDLAYS
015 B00AA35 S
015 C01AA35 MUMBAI
015 D01AA35 INDIA
015 E04AA35 X
015 A00AA36 STANDARD CHARTERED
015 B00AA36 S
015 C01AA36 JAKARTA
015 D01AA36 INDONESIA
015 E04AA36 X
015 A00AA37 BANK OF IRELAND
015 B00AA37 S
015 C01AA37 DUBLIN
015 D01AA37 IRELAND
015 E04AA37 X
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015 D01AA38 ISRAEL
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015 A00AA39 PARIBAS
015 B00AA39 S
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<PAGE> PAGE 6
015 B00AA40 S
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015 D01AA40 IVORY COAST
015 E04AA40 X
015 A00AA41 STANDARD CHARTERED
015 B00AA41 S
015 C01AA41 TOKYO
015 D01AA41 JAPAN
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015 A00AA43 ABN AMRO
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015 A00AA44 BARCLAYS BANK
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015 D01AA44 KENYA
015 E04AA44 X
015 A00AA45 STANDARD CHARTERED
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015 C01AA45 SEOUL
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015 D01AA46 LATVIA
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<PAGE> PAGE 7
015 C01AA50 KUALA LUMPUR
015 D01AA50 MALAYSIA
015 E04AA50 X
015 A00AA51 HSBC
015 B00AA51 S
015 C01AA51 PORT LOUIS
015 D01AA51 MAURITIUS
015 E04AA51 X
015 A00AA52 BANCOMER
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015 D01AA52 MEXICO
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015 A00AA53 CITIBANK
015 B00AA53 S
015 C01AA53 CASABLANCA
015 D01AA53 MOROCCO
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015 A00AA54 MEES PIERSON
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015 D01AA54 NETHERLANDS
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015 A00AA57 BRITISH BANK
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015 D01AA58 PAKISTAN
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015 A00AA59 BANKBOSTON
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015 D01AA59 PANAMA
015 E04AA59 X
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<PAGE> PAGE 8
015 D01AA60 PAPUA NEW GUINEA
015 E04AA60 X
015 A00AA61 CITIBANK
015 B00AA61 S
015 C01AA61 LIMA
015 D01AA61 PERU
015 E04AA61 X
015 A00AA62 STANDARD CHARTERED
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015 C01AA62 MANILA
015 D01AA62 PHILIPPINES
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015 D01AA63 POLAND
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015 D01AA68 SLOVAKIA
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015 A00AA70 STANDARD BANK
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<PAGE> PAGE 9
015 E04AA70 X
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015 D01AA71 SPAIN
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015 C01AA72 COLOMBO
015 D01AA72 SRI LANKA
015 E04AA72 X
015 A00AA73 SVENSKA HANDLESBANKEN
015 B00AA73 S
015 C01AA73 STOCKHOLM
015 D01AA73 SWEDEN
015 E04AA73 X
015 A00AA74 BANK LEU
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015 C01AA74 ZURICH
015 D01AA74 SWITZERLAND
015 E04AA74 X
015 A00AA75 STANDARD CHARTERED
015 B00AA75 S
015 C01AA75 TAIPE
015 D01AA75 TAIWAN
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015 A00AA76 STANDARD CHARTERED
015 B00AA76 S
015 C01AA76 BANKOK
015 D01AA76 THAILAND
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015 A00AA77 OTTOMAN BANK
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015 C01AA77 ISTANBUL
015 D01AA77 TURKEY
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015 A00AA78 ING
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015 C01AA78 KIEV
015 D01AA78 UKRAINE
015 E04AA78 X
015 A00AA79 HSBC
015 B00AA79 S
015 C01AA79 LONDON
015 D01AA79 UNITED KINGDOM
015 E04AA79 X
015 A00AA80 BANKBOSTON
015 B00AA80 S
015 C01AA80 MONTEVIDEO
015 D01AA80 URUGUAY
015 E04AA80 X
<PAGE> PAGE 10
015 A00AA81 CITIBANK
015 B00AA81 S
015 C01AA81 CARACAS
015 D01AA81 VENEZUELA
015 E04AA81 X
015 A00AA82 BARCLAYS BANK
015 B00AA82 S
015 C01AA82 LUSAKA
015 D01AA82 ZAMBIA
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015 A00AA83 BARCLAYS BANK
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015 C01AA83 HERERE
015 D01AA83 ZIMBABWE
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018 00AA00 Y
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020 C000001 32
020 A000002 SOCIETE GENERALE SECURITIES CO.
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<PAGE> PAGE 11
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<PAGE> PAGE 12
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<PAGE> PAGE 13
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<PAGE> PAGE 14
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<PAGE> PAGE 15
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<PAGE> PAGE 16
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<PAGE> PAGE 17
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SIGNATURE THEODORE G. BRADPIECE
TITLE ASSISTANT TREASURER
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000926678
<NAME> BRANDES INVESTMENT TRUST
<SERIES>
<NUMBER> 1
<NAME> BRANDES INSTITUTIONAL INTERNATIONAL EQUITY FD
<MULTIPLIER> 1
<CURRENCY> US DOLLARS
<S> <C>
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<FISCAL-YEAR-END> OCT-31-1999
<PERIOD-START> NOV-01-1998
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<ACCUMULATED-NII-CURRENT> 2463521
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<OVERDISTRIBUTION-GAINS> 0
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<ACCUMULATED-NII-PRIOR> 2348592
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<PER-SHARE-NAV-BEGIN> 16.22
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</TABLE>
Report of Independent Auditors
To the Board of Trustees of Brandes Investment Trust
In planning and performing our audit of the financial
statements of Brandes Institutional International
Equity Fund for the year ended October 31, 1999, we
considered its internal control, including control
activities for safekeeping securities, in order to
determine our auditing procedures for the purpose of
expressing our opinion on the financial statements and
to comply with the requirements of Form N-SAR, and
not to provide assurance on the internal control.
The management of Brandes Institutional International
Equity Fund is responsible for establishing and
maintaining internal control. In fulfilling this
responsibility, estimates and judgments by
management are required to assess the expected
benefits and related costs of controls. Generally,
controls that are relevant to an audit pertain to the
entity's objective of preparing financial statements for
external purposes that are fairly presented in
conformity with generally accepted accounting
principles. Those controls include the safeguarding of
assets against unauthorized acquisition, use or
disposition.
Because of inherent limitations in internal control,
errors or fraud may occur and not be detected. Also,
projection of any evaluation of internal control to
future periods is subject to the risk that it may become
inadequate because of changes in conditions or that
the effectiveness of the design and operation may
deteriorate.
Our consideration of internal control would not
necessarily disclose all matters in internal control that
might be material weaknesses under standards
established by the American Institute of Certified
Public Accountants. A material weakness is a
condition in which the design or operation of one or
more of the specific internal control components does
not reduce to a relatively low level the risk that errors
or fraud in amounts that would be material in relation
to the financial statements being audited may occur
and not be detected within a timely period by
employees in the normal course of performing their
assigned functions. However, we noted no matters
involving internal control and its operation, including
controls for safekeeping securities, that we consider to
be material weaknesses as defined above at October
31, 1999.
This report is intended solely for the information and
use of the board of trustees and management of
Brandes Institutional International Equity Fund and
the Securities and Exchange Commission and is not
intended to be and should not be used by anyone other
than these specified parties.
December 7, 1999
