<PAGE> PAGE 1
000 A000000 06/30/96
000 C000000 0001011008
000 D000000 N
000 E000000 NF
000 F000000 Y
000 G000000 N
000 H000000 N
000 I000000 3.0.a
000 J000000 A
001 A000000 NAVIGATOR SECURITIES LENDING TRUST
001 B000000 811-07567
001 C000000 6179851850
002 A000000 TWO INTERNATIONAL PLACE
002 B000000 BOSTON
002 C000000 MA
002 D010000 02110
003 000000 Y
004 000000 N
005 000000 N
006 000000 N
007 A000000 Y
007 B000000 1
007 C010100 1
007 C020100 NAVIGATOR PRIME PORTFOLIO
007 C030100 N
007 C010200 2
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 STATE STREET GLOBAL ADVISORS
008 B00AA01 A
008 C00AA01 801-XXXXXX
008 D01AA01 BOSTON
008 D02AA01 MA
008 D03AA01 02110
010 A00AA01 STATE STREET BANK AND TRUST CO.
010 C01AA01 BOSTON
010 C02AA01 MA
010 C03AA01 02110
012 A00AA01 STATE STREET BANK AND TRUST CO.
012 B00AA01 84-XXXXXXX
012 C01AA01 BOSTON
012 C02AA01 MA
012 C03AA01 02110
013 A00AA01 PRICE WATERHOUSE LLP
013 B01AA01 BOSTON
<PAGE> PAGE 2
013 B02AA01 MA
013 B03AA01 02119
014 A00AA01 STATE STREET BROKERAGE SERVICES, INC.
014 B00AA01 8-XXXXXXXX
015 A00AA01 STATE STREET BANK AND TRUST CO.
015 B00AA01 C
015 C01AA01 BOSTON
015 C02AA01 MA
015 C03AA01 02110
015 E01AA01 X
020 C000001 0
020 C000002 0
020 C000003 0
020 C000004 0
020 C000005 0
020 C000006 0
020 C000007 0
020 C000008 0
020 C000009 0
020 C000010 0
021 000000 0
022 A000001 SWISS BANK CORP.
022 C000001 605000
022 D000001 0
022 A000002 J.M. LUMMIS AND COMPANY
022 C000002 578499
022 D000002 0
022 A000003 GARVIN GUY BUTLER
022 C000003 475844
022 D000003 0
022 A000004 LEHMAN COMMERCIAL PAPER
022 C000004 411092
022 D000004 14865
022 A000005 SALOMON BROTHERS INC.
022 C000005 298368
022 D000005 0
022 A000006 MERRILL LYNCH PIERCE FENNER AND SMITH
022 C000006 52361
022 D000006 0
022 A000007 LASSER MARSHALL
022 C000007 239939
022 D000007 0
022 A000008 UBS SECURITIES INC.
022 C000008 209998
022 D000008 0
022 A000009 PREBON
022 C000009 195000
022 D000009 0
022 A000010 GOLDMAN SACHS
022 C000010 99766
022 D000010 0
<PAGE> PAGE 3
023 C000000 4316192
023 D000000 14865
024 00AA00 N
026 A000000 N
026 B000000 N
026 C000000 N
026 D000000 N
026 E000000 N
026 F000000 N
026 G010000 N
026 G020000 N
026 H000000 N
027 000000 Y
034 00AA00 N
035 00AA00 0
036 B00AA00 0
037 00AA00 N
038 00AA00 0
039 00AA00 N
040 00AA00 N
041 00AA00 N
042 A00AA00 0
042 B00AA00 0
042 C00AA00 0
042 D00AA00 0
042 E00AA00 0
042 F00AA00 0
042 G00AA00 0
042 H00AA00 0
043 00AA00 0
044 00AA00 0
049 00AA00 N
050 00AA00 N
051 00AA00 N
052 00AA00 N
053 A00AA00 N
054 A00AA00 Y
054 B00AA00 Y
054 C00AA00 N
054 D00AA00 N
054 E00AA00 N
054 F00AA00 N
054 G00AA00 Y
054 H00AA00 N
054 I00AA00 N
054 J00AA00 N
054 K00AA00 N
054 L00AA00 N
054 M00AA00 Y
054 N00AA00 N
054 O00AA00 N
<PAGE> PAGE 4
055 A00AA00 N
055 B00AA00 N
056 00AA00 Y
057 00AA00 N
058 A00AA00 N
059 00AA00 Y
060 A00AA00 Y
060 B00AA00 Y
061 00AA00 0
077 A000000 N
078 000000 N
080 A00AA00 FEDERAL INSURANCE COMPANY
080 C00AA00 1500
081 A00AA00 N
081 B00AA00 0
082 A00AA00 N
082 B00AA00 0
083 A00AA00 N
083 B00AA00 0
084 A00AA00 N
084 B00AA00 0
085 A00AA00 Y
085 B00AA00 N
018 000100 Y
019 A000100 N
019 B000100 0
025 D000101 0
025 D000102 0
025 D000103 0
025 D000104 0
025 D000105 0
025 D000106 0
025 D000107 0
025 D000108 0
028 A010100 0
028 A020100 0
028 A030100 0
028 A040100 0
028 B010100 0
028 B020100 0
028 B030100 0
028 B040100 0
028 C010100 10
028 C020100 0
028 C030100 0
028 C040100 0
028 D010100 0
028 D020100 0
028 D030100 0
028 D040100 0
028 E010100 800868
<PAGE> PAGE 5
028 E020100 1188
028 E030100 0
028 E040100 88538
028 F010100 468117
028 F020100 3219
028 F030100 0
028 F040100 398265
028 G010100 1268995
028 G020100 4407
028 G030100 0
028 G040100 486803
028 H000100 0
029 000100 N
030 A000100 0
030 B000100 0.00
030 C000100 0.00
031 A000100 0
031 B000100 0
032 000100 0
033 000100 0
045 000100 Y
046 000100 N
047 000100 Y
048 000100 0.018
048 A010100 0
048 A020100 0.000
048 B010100 0
048 B020100 0.000
048 C010100 0
048 C020100 0.000
048 D010100 0
048 D020100 0.000
048 E010100 0
048 E020100 0.000
048 F010100 0
048 F020100 0.000
048 G010100 0
048 G020100 0.000
048 H010100 0
048 H020100 0.000
048 I010100 0
048 I020100 0.000
048 J010100 0
048 J020100 0.000
048 K010100 0
048 K020100 0.000
062 A000100 Y
062 B000100 0.0
062 C000100 28.6
062 D000100 0.0
062 E000100 0.0
<PAGE> PAGE 6
062 F000100 16.5
062 G000100 0.0
062 H000100 0.0
062 I000100 20.5
062 J000100 18.2
062 K000100 0.0
062 L000100 16.0
062 M000100 0.0
062 N000100 0.0
062 O000100 0.0
062 P000100 0.0
062 Q000100 0.0
062 R000100 0.0
063 A000100 45
063 B000100 0.0
064 A000100 Y
064 B000100 N
066 A000100 N
067 000100 N
068 A000100 N
068 B000100 N
069 000100 N
070 A010100 Y
070 A020100 Y
070 B010100 N
070 B020100 N
070 C010100 N
070 C020100 N
070 D010100 N
070 D020100 N
070 E010100 N
070 E020100 N
070 F010100 N
070 F020100 N
070 G010100 N
070 G020100 N
070 H010100 N
070 H020100 N
070 I010100 N
070 I020100 N
070 J010100 Y
070 J020100 N
070 K010100 Y
070 K020100 N
070 L010100 Y
070 L020100 N
070 M010100 N
070 M020100 N
070 N010100 Y
070 N020100 N
070 O010100 Y
<PAGE> PAGE 7
070 O020100 N
070 P010100 N
070 P020100 N
070 Q010100 N
070 Q020100 N
070 R010100 N
070 R020100 N
071 A000100 0
071 B000100 0
071 C000100 0
071 D000100 0
072 A000100 2
072 B000100 4489
072 C000100 0
072 D000100 0
072 E000100 0
072 F000100 14
072 G000100 17
072 H000100 0
072 I000100 4
072 J000100 8
072 K000100 0
072 L000100 0
072 M000100 10
072 N000100 0
072 O000100 0
072 P000100 0
072 Q000100 0
072 R000100 1
072 S000100 3
072 T000100 0
072 U000100 4
072 V000100 0
072 W000100 21
072 X000100 87
072 Y000100 0
072 Z000100 4407
072AA000100 0
072BB000100 0
072CC010100 0
072CC020100 0
072DD010100 4407
072DD020100 0
072EE000100 0
073 A010100 0.0067
073 A020100 0.0000
073 B000100 0.0000
073 C000100 0.0000
074 A000100 1
074 B000100 0
074 C000100 784918
<PAGE> PAGE 8
074 D000100 0
074 E000100 0
074 F000100 0
074 G000100 0
074 H000100 0
074 I000100 0
074 J000100 0
074 K000100 0
074 L000100 2078
074 M000100 257
074 N000100 787254
074 O000100 0
074 P000100 26
074 Q000100 0
074 R010100 0
074 R020100 0
074 R030100 0
074 R040100 628
074 S000100 0
074 T000100 786600
074 U010100 786600
074 U020100 0
074 V010100 1.00
074 V020100 0.00
074 W000100 0.9998
074 X000100 215
074 Y000100 0
075 A000100 633631
075 B000100 0
076 000100 0.00
SIGNATURE MARGARET BENKART
TITLE SR. REPORTING ADMIN.
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0001011008
<NAME> NAVIGATOR SECURITIES LENDING TRUST
<SERIES>
<NUMBER> 1
<NAME> NAVIGATOR PRIME PORTFOLIO
<S> <C>
<PERIOD-TYPE> 2-MOS
<FISCAL-YEAR-END> DEC-31-1996
<PERIOD-START> MAY-15-1996
<PERIOD-END> JUN-30-1996
<INVESTMENTS-AT-COST> 784918408
<INVESTMENTS-AT-VALUE> 784918408
<RECEIVABLES> 2077929
<ASSETS-OTHER> 257798
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 787254135
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 654326
<TOTAL-LIABILITIES> 654326
<SENIOR-EQUITY> 786600
<PAID-IN-CAPITAL-COMMON> 785812984
<SHARES-COMMON-STOCK> 786599584
<SHARES-COMMON-PRIOR> 0
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 225
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 0
<NET-ASSETS> 786599809
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 4489129
<OTHER-INCOME> 0
<EXPENSES-NET> (81675)
<NET-INVESTMENT-INCOME> 4407454
<REALIZED-GAINS-CURRENT> 225
<APPREC-INCREASE-CURRENT> 0
<NET-CHANGE-FROM-OPS> 4407679
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (4407454)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 1268994636
<NUMBER-OF-SHARES-REDEEMED> (486802506)
<SHARES-REINVESTED> 4407454
<NET-CHANGE-IN-ASSETS> 786589909
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 14000
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 87000
<AVERAGE-NET-ASSETS> 633631229
<PER-SHARE-NAV-BEGIN> 1.00
<PER-SHARE-NII> 0.01
<PER-SHARE-GAIN-APPREC> 0.00
<PER-SHARE-DIVIDEND> (0.01)
<PER-SHARE-DISTRIBUTIONS> 0.00
<RETURNS-OF-CAPITAL> 0.00
<PER-SHARE-NAV-END> 1.00
<EXPENSE-RATIO> 0.001
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
