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<PAGE> PAGE 2
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<PAGE> PAGE 3
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<PAGE> PAGE 4
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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 11
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<PAGE> PAGE 12
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<PAGE> PAGE 13
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<PAGE> PAGE 14
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<PAGE> PAGE 15
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<PAGE> PAGE 16
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<PAGE> PAGE 17
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<PAGE> PAGE 18
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<PAGE> PAGE 19
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<PAGE> PAGE 20
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074 D000700 256546
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<PAGE> PAGE 21
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074 R040700 144
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076 000700 0.00
SIGNATURE KEVIN CONNERTY, INVESTORS BANK & TRUST
TITLE DIRECTOR
<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, 1998
and is qualified in its entirety by reference to
such financial statements.
</LEGEND>
<SERIES>
<NUMBER> 3
<NAME> Standish Fixed Income Portfolio
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> DEC-31-1998
<PERIOD-END> JUN-30-1998
<INVESTMENTS-AT-COST> 3,531,369,916
<INVESTMENTS-AT-VALUE> 3,566,196,213
<RECEIVABLES> 72,297,443
<ASSETS-OTHER> 12,955,583
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 3,651,449,239
<PAYABLE-FOR-SECURITIES> 142,678,532
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 6,914,378
<TOTAL-LIABILITIES> 149,592,910
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 2,902,673,872
<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> 599,182,457
<NET-ASSETS> 3,501,856,329
<DIVIDEND-INCOME> 3,209,013
<INTEREST-INCOME> 114,221,555
<OTHER-INCOME> 81,692
<EXPENSES-NET> 5,863,487
<NET-INVESTMENT-INCOME> 111,648,773
<REALIZED-GAINS-CURRENT> 30,386,428
<APPREC-INCREASE-CURRENT> (14,122,384)
<NET-CHANGE-FROM-OPS> 127,912,817
<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> 176,233,614
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 5,286,385
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 5,863,487
<AVERAGE-NET-ASSETS> 3,429,437,023
<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> 0.34
<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 Standish, Ayer & Wood Investment Trust
form N-SAR for the period ended June 30, 1998
and is qualified in its entirety by reference to
such financial statements.
</LEGEND>
<SERIES>
<NUMBER> 4
<NAME> Standish Global Fixed Income Portfolio
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> DEC-31-1998
<PERIOD-END> JUN-30-1998
<INVESTMENTS-AT-COST> 379,019,207
<INVESTMENTS-AT-VALUE> 375,470,717
<RECEIVABLES> 11,961,227
<ASSETS-OTHER> 10,053,237
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 397,485,181
<PAYABLE-FOR-SECURITIES> 3,032,649
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 3,718,936
<TOTAL-LIABILITIES> 6,751,585
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 337,182,443
<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> 53,551,153
<NET-ASSETS> 390,733,596
<DIVIDEND-INCOME> 51,126
<INTEREST-INCOME> 10,809,200
<OTHER-INCOME> 58,836
<EXPENSES-NET> 834,229
<NET-INVESTMENT-INCOME> 10,084,933
<REALIZED-GAINS-CURRENT> 3,615,637
<APPREC-INCREASE-CURRENT> (1,166,145)
<NET-CHANGE-FROM-OPS> 12,534,425
<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> 128,180,439
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 638,875
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 834,229
<AVERAGE-NET-ASSETS> 322,792,745
<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> 0.52
<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 Standish, Ayer & Wood Investment Trust
form N-SAR for the period ended June 30, 1998
and is qualified in its entirety by reference to
such financial statements.
</LEGEND>
<SERIES>
<NUMBER> 6
<NAME> Standish Diversified Income Portfolio
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> DEC-31-1998
<PERIOD-END> JUN-30-1998
<INVESTMENTS-AT-COST> 50,723,328
<INVESTMENTS-AT-VALUE> 49,572,683
<RECEIVABLES> 1,488,553
<ASSETS-OTHER> 246,771
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 51,308,007
<PAYABLE-FOR-SECURITIES> 450,000
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 177,786
<TOTAL-LIABILITIES> 627,786
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 48,936,429
<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> 1,743,792
<NET-ASSETS> 50,680,221
<DIVIDEND-INCOME> 61,605
<INTEREST-INCOME> 1,546,006
<OTHER-INCOME> 0
<EXPENSES-NET> 0
<NET-INVESTMENT-INCOME> 1,607,611
<REALIZED-GAINS-CURRENT> 312,927
<APPREC-INCREASE-CURRENT> (675,750)
<NET-CHANGE-FROM-OPS> 1,244,788
<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> 22,895,879
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 101,245
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 138,619
<AVERAGE-NET-ASSETS> 40,960,159
<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> 0.00
<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 Standish, Ayer & Wood Investment Trust
form N-SAR for the period ended June 30, 1998
and is qualified in its entirety by reference to
such financial statements.
</LEGEND>
<SERIES>
<NUMBER> 7
<NAME> Standish Short Term Asset Reserve Portfolio
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> DEC-31-1998
<PERIOD-END> JUN-30-1998
<INVESTMENTS-AT-COST> 274,201,746
<INVESTMENTS-AT-VALUE> 274,429,507
<RECEIVABLES> 2,060,629
<ASSETS-OTHER> 15,232
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 276,505,368
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 144,854
<TOTAL-LIABILITIES> 144,854
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 268,290,938
<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> 8,069,576
<NET-ASSETS> 276,360,514
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 8,456,308
<OTHER-INCOME> 0
<EXPENSES-NET> 431,625
<NET-INVESTMENT-INCOME> 8,024,683
<REALIZED-GAINS-CURRENT> (68,970)
<APPREC-INCREASE-CURRENT> 227,761
<NET-CHANGE-FROM-OPS> 8,183,474
<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> 276,360,514
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 340,564
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 431,625
<AVERAGE-NET-ASSETS> 274,864,438
<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> 0.32
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0.00
</TABLE>
