<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000931491
<NAME> Capital Management Investment Trust
<SERIES>
<NUMBER> 3
<NAME> Capital Management Small-Cap Instit.
<MULTIPLIER> 1
<CURRENCY> U.S. Dollars
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> Nov-30-2000
<PERIOD-END> May-31-2000
<EXCHANGE-RATE> 1
<INVESTMENTS-AT-COST> 440,623
<INVESTMENTS-AT-VALUE> 457,971
<RECEIVABLES> 1,031
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 58,035
<TOTAL-ASSETS> 517,037
<PAYABLE-FOR-SECURITIES> 48,142
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 11,767
<TOTAL-LIABILITIES> 59,909
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 423,056
<SHARES-COMMON-STOCK> 27,562
<SHARES-COMMON-PRIOR> 11,411
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 16,724
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 17,348
<NET-ASSETS> 457,128
<DIVIDEND-INCOME> 2,311
<INTEREST-INCOME> 0
<OTHER-INCOME> 0
<EXPENSES-NET> 2,682
<NET-INVESTMENT-INCOME> (371)
<REALIZED-GAINS-CURRENT> 17,083
<APPREC-INCREASE-CURRENT> 4,084
<NET-CHANGE-FROM-OPS> 20,796
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> 28,280
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 19,500
<NUMBER-OF-SHARES-REDEEMED> 4,906
<SHARES-REINVESTED> 1,558
<NET-CHANGE-IN-ASSETS> 235,520
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 28,292
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 1,614
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 50,394
<AVERAGE-NET-ASSETS> 322,780
<PER-SHARE-NAV-BEGIN> 13.91
<PER-SHARE-NII> 0
<PER-SHARE-GAIN-APPREC> 1.98
<PER-SHARE-DIVIDEND> 0
<PER-SHARE-DISTRIBUTIONS> 1.94
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 13.95
<EXPENSE-RATIO> 1.50
</TABLE>
