NOTES TO FINANCIAL STATEMENTS
The DFA Investment Trust Company ("the Trust") is an open-end management investment company registered
under the Investment Company Act of 1940. At November 30, 1994, The Trust consisted of seven investment
portfolios: The U.S. 6-10 Small Company Series, The U.S. Large Company Series, The U.S. Small Cap Value
Series, The U.S. Large Cap Value Series, The DFA One-Year Fixed Income Series The DFA International
Value Series and The Emerging Markets Series. These financial statements relate solely to The U.S. Small Cap
Value Series (the "Series").
The U.S. Small Cap Value Portfolio II invests solely in the Series. The Series also issues its shares to other
B. SIGNIFICANT ACCOUNTING POLICIES:
The following significant accounting policies are in conformity with generally accepted accounting principles for
investment companies. Such policies are consistently followed by the Trust in preparation of its financial
1. Security Valuation: Securities held by The U.S. Small Cap Value Series which are listed on a securities
exchange and for which market quotations are readily available are valued at the last quoted sale price of the day,
or if there is no such reported sale, at the mean between the most recent bid and asked prices. Price information
on listed securities is taken from the exchange where the security is primarily traded.
Unlisted securities for which market quotations are readily available are valued at the mean between the most
recent bid and asked prices. The value of securities for which no quotations are readily available are determined
in good faith at fair value using methods determined by the Board of Directors.
2. Federal Income Taxes: It is the Series' intention to continue to qualify as a regulated investment company and
distribute all of its taxable income. Accordingly, no provision for Federal taxes is required in the financial
3. Repurchase Agreements: The Series may purchase money market