STANDISH AVER & WOOD MASTER PORTFOLIOS/ FA
N-8A, 1996-04-25
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                       U.S. SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                                   FORM N-8A

                          NOTIFICATION OF REGISTRATION

      FILED PURSUANT TO SECTION 8(a) OF THE INVESTMENT COMPANY ACT OF 1940


         The undersigned investment company hereby notifies the Securities and
Exchange Commission that it registers under and pursuant to the provisions of
Section 8(a) of the Investment Company Act of 1940 and in connection with such
notification of registration submits the following information:

Name: Standish, Ayer & Wood Master Portfolio.

Address of Principal Business Office: P.O. Box 501, George Town, Grand Cayman, 
Cayman Island, B.W.I.

Telephone Number: 809-949-2001.

Name and address of agent for service of process: Richard S. Wood, Standish,
Ayer & Wood Master Portfolio, One Financial Center, Boston, Massachusetts 02109.

Check Appropriate Box:

Registrant is filing a Registration Statement pursuant to Section 8(b) of the
Investment Company Act of 1940 concurrently with the filing of Form N-8A:

YES [X]                                                            NO [ ]

         SIGNATURE

         Pursuant to the requirements of the Investment Company Act of 1940, the
registrant has caused this notification of registration to be duly signed on its
behalf in George Town, Grand Cayman, B.W.I. on the 24th day of April, 1996.

         STANDISH, AYER & WOOD MASTER PORTFOLIO


         By: RICHARD S. WOOD*
            ----------------------
            Richard S. Wood
            


   *By: /S/ SUSAN JAKUBOSKI
        ---------------------
        Susan Jakuboski
        Attorney in fact

SAW0030


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