STANDISH AYER & WOOD MASTER PORTFOLIO /FA/
NSAR-A, 1996-08-29
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<PAGE>      PAGE  1
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<PAGE>      PAGE  2
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<PAGE>      PAGE  3
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<PAGE>      PAGE  5
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<PAGE>      PAGE  6
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<PAGE>      PAGE  7
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<PAGE>      PAGE  8
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<PAGE>      PAGE  9
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<PAGE>      PAGE  10
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<PAGE>      PAGE  12
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<PAGE>      PAGE  14
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<PAGE>      PAGE  15
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028 F040400      2010
028 G010400    151359
028 G020400         0
028 G030400         0
028 G040400      2044
028 H000400         0
045  000400 Y
046  000400 N
047  000400 Y
048  000400  0.400
048 A010400        0
048 A020400 0.000
048 B010400        0
048 B020400 0.000
048 C010400        0
048 C020400 0.000
048 D010400        0
048 D020400 0.000
048 E010400        0
048 E020400 0.000
048 F010400        0
048 F020400 0.000
048 G010400        0
048 G020400 0.000
048 H010400        0
048 H020400 0.000
048 I010400        0
048 I020400 0.000
048 J010400        0
048 J020400 0.000
048 K010400        0
048 K020400 0.000
049  000400 N
050  000400 N
051  000400 N
052  000400 N
053 A000400 N
055 A000400 N
055 B000400 N
056  000400 Y
057  000400 N
062 A000400 Y
062 B000400   0.0
062 C000400   3.3
062 D000400   3.3
062 E000400   0.0
<PAGE>      PAGE  20
062 F000400   0.0
062 G000400   0.0
062 H000400   0.0
062 I000400   0.0
062 J000400   0.0
062 K000400   0.0
062 L000400   0.0
062 M000400   5.3
062 N000400   3.0
062 O000400   0.0
062 P000400  15.8
062 Q000400  66.0
062 R000400   1.5
063 A000400   0
063 B000400  0.0
064 A000400 Y
064 B000400 N
066 A000400 N
067  000400 N
068 A000400 N
068 B000400 Y
069  000400 N
070 A010400 Y
070 A020400 Y
070 B010400 Y
070 B020400 N
070 C010400 Y
070 C020400 Y
070 D010400 Y
070 D020400 N
070 E010400 Y
070 E020400 N
070 F010400 Y
070 F020400 Y
070 G010400 Y
070 G020400 N
070 H010400 Y
070 H020400 N
070 I010400 N
070 I020400 N
070 J010400 Y
070 J020400 Y
070 K010400 Y
070 K020400 Y
070 L010400 Y
070 L020400 Y
070 M010400 Y
070 M020400 Y
070 N010400 N
070 N020400 N
070 O010400 N
<PAGE>      PAGE  21
070 O020400 N
070 P010400 N
070 P020400 N
070 Q010400 N
070 Q020400 N
070 R010400 Y
070 R020400 Y
071 A000400     45712
071 B000400     49710
071 C000400    141189
071 D000400   32
072 A000400  2
072 B000400     1761
072 C000400       17
072 D000400        0
072 E000400        0
072 F000400       92
072 G000400        0
072 H000400        0
072 I000400        0
072 J000400       44
072 K000400        0
072 L000400        0
072 M000400        1
072 N000400        0
072 O000400        0
072 P000400        0
072 Q000400        0
072 R000400        0
072 S000400        8
072 T000400        0
072 U000400        0
072 V000400        0
072 W000400        7
072 X000400      152
072 Y000400        0
072 Z000400     1626
072AA000400      101
072BB000400        0
072CC010400     1707
072CC020400        0
072DD010400        0
072DD020400        0
072EE000400        0
073 A010400   0.0000
073 A020400   0.0000
073 B000400   0.0000
073 C000400   0.0000
074 A000400        0
074 B000400     5048
074 C000400     5032
<PAGE>      PAGE  22
074 D000400        0
074 E000400     1017
074 F000400        0
074 G000400        0
074 H000400        0
074 I000400   138935
074 J000400        0
074 K000400        0
074 L000400     7867
074 M000400     1131
074 N000400   159030
074 O000400     5498
074 P000400       92
074 Q000400        0
074 R010400        0
074 R020400        0
074 R030400        0
074 R040400      691
074 S000400        0
074 T000400   152749
074 U010400        0
074 U020400        0
074 V010400     0.00
074 V020400     0.00
074 W000400   0.0000
074 X000400        2
074 Y000400        0
075 A000400        0
075 B000400   151041
076  000400     0.00
SIGNATURE   KEVIN CONNERTY                               
TITLE       FUND ADMINISTRATOR  
 


<TABLE> <S> <C>

<ARTICLE> 6
<LEGEND>
This schedule contains summary financial information
extracted from Standish, Ayer & Wood Investment Trust
form N-SAR for the period ended June 30, 1996
and is qualified in its entirety by reference to
such financial statements.
</LEGEND>
<SERIES>
   <NUMBER>  03
   <NAME> Standish Fixed Income Portfolio Series
       
<S>                             <C>
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          DEC-31-1996
<PERIOD-END>                               JUN-30-1996
<INVESTMENTS-AT-COST>                    2,359,876,628
<INVESTMENTS-AT-VALUE>                   2,336,964,646
<RECEIVABLES>                               80,250,450
<ASSETS-OTHER>                               4,254,094
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                           2,421,469,190
<PAYABLE-FOR-SECURITIES>                    54,043,515
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                    1,860,203
<TOTAL-LIABILITIES>                         55,903,718
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                 2,386,329,250
<SHARES-COMMON-STOCK>                                0
<SHARES-COMMON-PRIOR>                                0
<ACCUMULATED-NII-CURRENT>                            0
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                              0
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                   (20,763,778)
<NET-ASSETS>                             2,365,565,472
<DIVIDEND-INCOME>                            1,035,928
<INTEREST-INCOME>                           26,243,204
<OTHER-INCOME>                                       0
<EXPENSES-NET>                               1,337,759
<NET-INVESTMENT-INCOME>                     25,941,373
<REALIZED-GAINS-CURRENT>                    (8,050,991)
<APPREC-INCREASE-CURRENT>                   34,413,549
<NET-CHANGE-FROM-OPS>                       52,303,931
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                            0
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                              0
<NUMBER-OF-SHARES-REDEEMED>                          0
<SHARES-REINVESTED>                                  0
<NET-CHANGE-IN-ASSETS>                      52,303,931
<ACCUMULATED-NII-PRIOR>                              0
<ACCUMULATED-GAINS-PRIOR>                            0
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                        1,129,267
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                              1,337,759
<AVERAGE-NET-ASSETS>                     2,338,015,031
<PER-SHARE-NAV-BEGIN>                             0.00
<PER-SHARE-NII>                                   0.00
<PER-SHARE-GAIN-APPREC>                           0.00
<PER-SHARE-DIVIDEND>                              0.00
<PER-SHARE-DISTRIBUTIONS>                         0.00
<RETURNS-OF-CAPITAL>                              0.00
<PER-SHARE-NAV-END>                               0.00
<EXPENSE-RATIO>                                   0.37
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                              0.00
        

</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<LEGEND>
This schedule contains summary financial information
extracted from Salomon Brothers Investors Fund Inc
form N-SAR for the period ended June 30, 1996
and is qualified in its entirety by reference to
such financial statements.
</LEGEND>
<SERIES>
   <NUMBER>  04
   <NAME> Standish Global Fixed Income Portfolio Series
       
<S>                             <C>
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          DEC-31-1996
<PERIOD-END>                               JUN-30-1996
<INVESTMENTS-AT-COST>                      149,333,897
<INVESTMENTS-AT-VALUE>                     150,032,210
<RECEIVABLES>                                7,867,121
<ASSETS-OTHER>                               1,130,655
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                             159,029,986
<PAYABLE-FOR-SECURITIES>                     5,498,315
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                      782,224
<TOTAL-LIABILITIES>                          6,280,539
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                   151,273,410
<SHARES-COMMON-STOCK>                                0
<SHARES-COMMON-PRIOR>                                0
<ACCUMULATED-NII-CURRENT>                            0
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                              0
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                     1,476,037
<NET-ASSETS>                               152,749,447
<DIVIDEND-INCOME>                               17,270
<INTEREST-INCOME>                            1,760,767
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                 152,122
<NET-INVESTMENT-INCOME>                      1,625,915
<REALIZED-GAINS-CURRENT>                       101,002
<APPREC-INCREASE-CURRENT>                    1,707,164
<NET-CHANGE-FROM-OPS>                        3,434,081
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                            0
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                              0
<NUMBER-OF-SHARES-REDEEMED>                          0
<SHARES-REINVESTED>                                  0
<NET-CHANGE-IN-ASSETS>                       3,434,081
<ACCUMULATED-NII-PRIOR>                              0
<ACCUMULATED-GAINS-PRIOR>                            0
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                           92,370
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                152,122
<AVERAGE-NET-ASSETS>                       151,041,460
<PER-SHARE-NAV-BEGIN>                             0.00
<PER-SHARE-NII>                                   0.00
<PER-SHARE-GAIN-APPREC>                           0.00
<PER-SHARE-DIVIDEND>                              0.00
<PER-SHARE-DISTRIBUTIONS>                         0.00
<RETURNS-OF-CAPITAL>                              0.00
<PER-SHARE-NAV-END>                               0.00
<EXPENSE-RATIO>                                   0.65
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                              0.00
        

</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<LEGEND>
This schedule contains summary financial information
extracted from Salomon Brothers Investors Fund Inc
form N-SAR for the period ended June 30, 1996
and is qualified in its entirety by reference to
such financial statements.
</LEGEND>
<SERIES>
   <NUMBER>  01
   <NAME> Standish Equity Portfolio Series
       
<S>                             <C>
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          DEC-31-1996
<PERIOD-END>                               JUN-30-1996
<INVESTMENTS-AT-COST>                       87,473,733
<INVESTMENTS-AT-VALUE>                     100,499,063
<RECEIVABLES>                                  282,291
<ASSETS-OTHER>                                  71,418
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                             100,852,772
<PAYABLE-FOR-SECURITIES>                             0
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                      175,812
<TOTAL-LIABILITIES>                            175,812
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                    87,633,830
<SHARES-COMMON-STOCK>                                0
<SHARES-COMMON-PRIOR>                                0
<ACCUMULATED-NII-CURRENT>                            0
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                              0
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                    13,043,130
<NET-ASSETS>                               100,676,960
<DIVIDEND-INCOME>                              434,765
<INTEREST-INCOME>                               32,301
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                 111,006
<NET-INVESTMENT-INCOME>                        356,060
<REALIZED-GAINS-CURRENT>                     1,935,950
<APPREC-INCREASE-CURRENT>                     (626,766)
<NET-CHANGE-FROM-OPS>                        1,665,244
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                            0
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                              0
<NUMBER-OF-SHARES-REDEEMED>                          0
<SHARES-REINVESTED>                                  0
<NET-CHANGE-IN-ASSETS>                       1,665,244
<ACCUMULATED-NII-PRIOR>                              0
<ACCUMULATED-GAINS-PRIOR>                            0
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                           77,253
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                111,006
<AVERAGE-NET-ASSETS>                       101,030,108
<PER-SHARE-NAV-BEGIN>                             0.00
<PER-SHARE-NII>                                   0.00
<PER-SHARE-GAIN-APPREC>                           0.00
<PER-SHARE-DIVIDEND>                              0.00
<PER-SHARE-DISTRIBUTIONS>                         0.00
<RETURNS-OF-CAPITAL>                              0.00
<PER-SHARE-NAV-END>                               0.00
<EXPENSE-RATIO>                                   0.69
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                              0.00
        

</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<LEGEND>
This schedule contains summary financial information
extracted from Salomon Brothers Investors Fund Inc
form N-SAR for the period ended June 30, 1996
and is qualified in its entirety by reference to
such financial statements.
</LEGEND>
<SERIES>
   <NUMBER>  02
   <NAME> Standish Small Capitalization Equity Portfoli
       
<S>                             <C>
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          DEC-31-1996
<PERIOD-END>                               JUN-30-1996
<INVESTMENTS-AT-COST>                      192,676,155
<INVESTMENTS-AT-VALUE>                     233,791,610
<RECEIVABLES>                                2,459,901
<ASSETS-OTHER>                                  71,478
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                             236,322,989
<PAYABLE-FOR-SECURITIES>                     1,840,596
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                      328,496
<TOTAL-LIABILITIES>                          2,169,092
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                   193,070,492
<SHARES-COMMON-STOCK>                                0
<SHARES-COMMON-PRIOR>                                0
<ACCUMULATED-NII-CURRENT>                            0
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                              0
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                    41,083,405
<NET-ASSETS>                               234,153,897
<DIVIDEND-INCOME>                               54,429
<INTEREST-INCOME>                               55,822
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                 268,112
<NET-INVESTMENT-INCOME>                       (157,861)
<REALIZED-GAINS-CURRENT>                    11,537,815
<APPREC-INCREASE-CURRENT>                  (14,275,617)
<NET-CHANGE-FROM-OPS>                       (2,895,663)
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                            0
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                              0
<NUMBER-OF-SHARES-REDEEMED>                          0
<SHARES-REINVESTED>                                  0
<NET-CHANGE-IN-ASSETS>                      (2,895,663)
<ACCUMULATED-NII-PRIOR>                              0
<ACCUMULATED-GAINS-PRIOR>                            0
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                          223,806
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                268,112
<AVERAGE-NET-ASSETS>                       244,203,850
<PER-SHARE-NAV-BEGIN>                             0.00
<PER-SHARE-NII>                                   0.00
<PER-SHARE-GAIN-APPREC>                           0.00
<PER-SHARE-DIVIDEND>                              0.00
<PER-SHARE-DISTRIBUTIONS>                         0.00
<RETURNS-OF-CAPITAL>                              0.00
<PER-SHARE-NAV-END>                               0.00
<EXPENSE-RATIO>                                   0.72
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                              0.00
        

</TABLE>


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