<PAGE> PAGE 1
000 A000000 03/31/2000
000 C000000 0001012705
000 D000000 N
000 E000000 NF
000 F000000 Y
000 G000000 N
000 H000000 N
000 I000000 6.1
000 J000000 A
001 A000000 STANDISH, AYER & WOOD MASTER PORTFOLIO
001 B000000 811-07603
001 C000000 8002214795
002 A000000 ONE FINANCIAL CENTER
002 B000000 BOSTON
002 C000000 MA
002 D010000 02111
003 000000 N
004 000000 N
005 000000 N
006 000000 N
007 A000000 Y
007 B000000 7
007 C010100 1
007 C020100 STANDISH EQUITY PORTFOLIO
007 C030100 N
007 C010200 2
007 C020200 STANDISH SMALL CAPITALIZATION EQUITY PORTFOLI
007 C030200 Y
007 C010300 3
007 C010400 4
007 C010500 5
007 C020500 STANDISH SMALL CAPITALIZATION GROWTH PORTFOLI
007 C030500 N
007 C010600 6
007 C010700 7
007 C010800 8
007 C010900 9
007 C011000 10
007 C011100 11
007 C011200 12
007 C011300 13
007 C011400 14
007 C011500 15
007 C011600 16
007 C011700 17
007 C011800 18
007 C011900 19
007 C012000 20
007 C012100 21
007 C012200 22
007 C012300 23
<PAGE> PAGE 2
007 C012400 24
007 C012500 25
007 C012600 26
007 C012700 27
007 C012800 28
007 C012900 29
007 C013000 30
007 C013100 31
007 C013200 32
007 C013300 33
007 C013400 34
007 C013500 35
007 C013600 36
007 C013700 37
007 C013800 38
007 C013900 39
007 C014000 40
007 C014100 41
007 C014200 42
007 C014300 43
007 C014400 44
007 C014500 45
007 C014600 46
007 C014700 47
007 C014800 48
007 C014900 49
007 C015000 50
008 A00AA01 STANDISH, AYER & WOOD
008 B00AA01 A
008 C00AA01 801-584
008 D01AA01 BOSTON
008 D02AA01 MA
008 D03AA01 02111
010 A00AA01 INVESTORS BANK & TRUST COMPANY
010 B00AA01 85-720
010 C01AA01 BOSTON
010 C02AA01 MA
010 C03AA01 02116
011 A00AA01 STANDISH FUND DISTRIBUTORS, L.P.
011 B00AA01 8-48683
011 C01AA01 BOSTON
011 C02AA01 MA
011 C03AA01 02111
012 A00AA01 INVESTORS BANK & TRUST COMPANY
012 B00AA01 85-720
012 C01AA01 BOSTON
012 C02AA01 MA
012 C03AA01 02116
013 A00AA01 PRICEWATERHOUSECOOPERS L.L.P.
013 B01AA01 BOSTON
013 B02AA01 MA
<PAGE> PAGE 3
013 B03AA01 02110
015 A00AA01 INVESTORS BANK & TRUST COMPANY
015 B00AA01 C
015 C01AA01 BOSTON
015 C02AA01 MA
015 C03AA01 02117
015 E01AA01 X
018 00AA00 Y
019 A00AA00 Y
019 B00AA00 7
019 C00AA00 STANDISH,A
020 A000001 INSTINET CLEARING SERVICES, INC
020 B000001 13-2622900
020 C000001 66
020 A000002 INVESTMENT TECHNOLOGY GROUP
020 C000002 40
020 A000003 MERRILL LYNCH PIERCE FENNER & SMITH INC
020 C000003 18
020 A000004 WEEDEN & CO
020 B000004 13-3364318
020 C000004 17
020 A000005 GOLDMAN SACHS & CO
020 B000005 13-5108880
020 C000005 14
020 A000006 PAULSON & COMPANY
020 C000006 13
020 A000007 DONALDSON, LUFKIN AND JENRETTE
020 B000007 13-2741729
020 C000007 11
020 A000008 PAINE WEBBER INC
020 B000008 13-2638166
020 C000008 11
020 A000009 LEHMAN BROTHERS INC.
020 C000009 10
020 A000010 B-TRADE SERVICES
020 C000010 10
021 000000 323
022 A000001 PRUDENTIAL SECURITIES
022 B000001 22-2347336
022 C000001 1792087
022 D000001 8615
022 A000002 BANCBOSTON ROBERTSON, STEPHENS
022 C000002 38815
022 D000002 22600
022 A000003 DB CLEARING SERVICES
022 C000003 22950
022 D000003 10647
022 A000004 SCHWAB CHAS. + CO
022 C000004 14821
022 D000004 12133
022 A000005 CIBC WORLD MARKETS CORP.
<PAGE> PAGE 4
022 C000005 11382
022 D000005 14799
022 A000006 DLJ FIXED INCOME
022 C000006 11824
022 D000006 9650
022 A000007 SMITH BARNEY INC.
022 C000007 13367
022 D000007 7721
022 A000008 JONES & ASSOCIATES, INC.
022 C000008 3719
022 D000008 16555
022 A000009 KNIGHT SECURITIES
022 C000009 10766
022 D000009 8382
022 A000010 GOLDMAN SACHS & CO
022 B000010 135108880
022 C000010 12013
022 D000010 6875
023 C000000 2063926
023 D000000 280610
026 A000000 N
026 B000000 Y
026 C000000 N
026 D000000 Y
026 E000000 N
026 F000000 N
026 G010000 N
026 G020000 N
026 H000000 N
027 000000 Y
029 00AA00 N
030 A00AA00 0
030 B00AA00 0.00
030 C00AA00 0.00
034 00AA00 N
035 00AA00 0
036 B00AA00 0
037 00AA00 N
038 00AA00 0
039 00AA00 N
040 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
<PAGE> PAGE 5
054 A00AA00 Y
054 B00AA00 Y
054 C00AA00 N
054 D00AA00 N
054 E00AA00 N
054 F00AA00 N
054 G00AA00 Y
054 H00AA00 Y
054 I00AA00 N
054 J00AA00 Y
054 K00AA00 N
054 L00AA00 N
054 M00AA00 Y
054 N00AA00 N
054 O00AA00 N
055 A00AA00 N
055 B00AA00 N
056 00AA00 Y
057 00AA00 N
058 A00AA00 N
058 B00AA00 N
058 C00AA00 N
058 D00AA00 N
058 E00AA00 N
059 00AA00 Y
060 A00AA00 Y
060 B00AA00 Y
061 00AA00 100000
062 A00AA00 N
062 B00AA00 0.0
062 C00AA00 0.0
062 D00AA00 0.0
062 E00AA00 0.0
062 F00AA00 0.0
062 G00AA00 0.0
062 H00AA00 0.0
062 I00AA00 0.0
062 J00AA00 0.0
062 K00AA00 0.0
062 L00AA00 0.0
062 M00AA00 0.0
062 N00AA00 0.0
062 O00AA00 0.0
062 P00AA00 0.0
062 Q00AA00 0.0
062 R00AA00 0.0
077 A000000 Y
077 Q010000 Y
078 000000 N
024 000100 Y
025 A000101 CHASE MANHATTAN CORP
<PAGE> PAGE 6
025 C000101 E
025 D000101 1927
025 D000102 0
025 D000103 0
025 D000104 0
025 D000105 0
025 D000106 0
025 D000107 0
025 D000108 0
028 A010100 3563
028 A020100 0
028 A030100 0
028 A040100 14782
028 B010100 749
028 B020100 0
028 B030100 0
028 B040100 6030
028 C010100 678
028 C020100 0
028 C030100 0
028 C040100 6788
028 D010100 511
028 D020100 0
028 D030100 0
028 D040100 12895
028 E010100 1551
028 E020100 0
028 E030100 0
028 E040100 3775
028 F010100 3890
028 F020100 0
028 F030100 0
028 F040100 4019
028 G010100 10942
028 G020100 0
028 G030100 0
028 G040100 48289
028 H000100 0
045 000100 Y
046 000100 N
047 000100 Y
048 000100 0.500
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
<PAGE> PAGE 7
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
049 000100 N
050 000100 N
051 000100 N
052 000100 N
053 A000100 N
066 A000100 Y
066 B000100 N
066 C000100 N
066 D000100 Y
066 E000100 N
066 F000100 N
066 G000100 N
067 000100 N
068 A000100 N
068 B000100 N
069 000100 N
070 A010100 Y
070 A020100 Y
070 B010100 Y
070 B020100 N
070 C010100 Y
070 C020100 N
070 D010100 Y
070 D020100 N
070 E010100 Y
070 E020100 N
070 F010100 Y
070 F020100 Y
070 G010100 Y
070 G020100 N
070 H010100 Y
070 H020100 N
070 I010100 N
070 I020100 N
070 J010100 Y
070 J020100 N
070 K010100 Y
070 K020100 N
<PAGE> PAGE 8
070 L010100 Y
070 L020100 Y
070 M010100 Y
070 M020100 N
070 N010100 N
070 N020100 N
070 O010100 Y
070 O020100 N
070 P010100 N
070 P020100 N
070 Q010100 N
070 Q020100 N
070 R010100 Y
070 R020100 N
071 A000100 53426
071 B000100 84797
071 C000100 162989
071 D000100 33
072 A000100 6
072 B000100 217
072 C000100 948
072 D000100 0
072 E000100 0
072 F000100 427
072 G000100 2
072 H000100 0
072 I000100 0
072 J000100 67
072 K000100 0
072 L000100 0
072 M000100 10
072 N000100 0
072 O000100 0
072 P000100 0
072 Q000100 0
072 R000100 18
072 S000100 0
072 T000100 0
072 U000100 7
072 V000100 0
072 W000100 11
072 X000100 542
072 Y000100 0
072 Z000100 623
072AA000100 6358
072BB000100 0
072CC010100 11877
072CC020100 0
072DD010100 0
072DD020100 0
072EE000100 0
<PAGE> PAGE 9
073 A010100 0.0000
073 A020100 0.0000
073 B000100 0.0000
073 C000100 0.0000
074 A000100 959
074 B000100 8494
074 C000100 691
074 D000100 0
074 E000100 0
074 F000100 161446
074 G000100 0
074 H000100 0
074 I000100 0
074 J000100 2255
074 K000100 0
074 L000100 267
074 M000100 18
074 N000100 174130
074 O000100 1710
074 P000100 0
074 Q000100 0
074 R010100 0
074 R020100 0
074 R030100 0
074 R040100 52
074 S000100 0
074 T000100 172368
074 U010100 0
074 U020100 0
074 V010100 0.00
074 V020100 0.00
074 W000100 0.0000
074 X000100 133
074 Y000100 0
075 A000100 0
075 B000100 170821
076 000100 0.00
024 000200 N
025 D000201 0
025 D000202 0
025 D000203 0
025 D000204 0
025 D000205 0
025 D000206 0
025 D000207 0
025 D000208 0
028 A010200 0
028 A020200 0
028 A030200 0
028 A040200 29065
028 B010200 0
<PAGE> PAGE 10
028 B020200 0
028 B030200 0
028 B040200 0
028 C010200 0
028 C020200 0
028 C030200 0
028 C040200 0
028 D010200 0
028 D020200 0
028 D030200 0
028 D040200 0
028 E010200 0
028 E020200 0
028 E030200 0
028 E040200 0
028 F010200 0
028 F020200 0
028 F030200 0
028 F040200 0
028 G010200 0
028 G020200 0
028 G030200 0
028 G040200 29065
028 H000200 0
045 000200 Y
046 000200 N
047 000200 Y
048 000200 0.600
048 A010200 0
048 A020200 0.000
048 B010200 0
048 B020200 0.000
048 C010200 0
048 C020200 0.000
048 D010200 0
048 D020200 0.000
048 E010200 0
048 E020200 0.000
048 F010200 0
048 F020200 0.000
048 G010200 0
048 G020200 0.000
048 H010200 0
048 H020200 0.000
048 I010200 0
048 I020200 0.000
048 J010200 0
048 J020200 0.000
048 K010200 0
048 K020200 0.000
049 000200 N
<PAGE> PAGE 11
050 000200 N
051 000200 N
052 000200 N
053 A000200 Y
053 B000200 Y
053 C000200 N
066 A000200 Y
066 B000200 N
066 C000200 Y
066 D000200 N
066 E000200 N
066 F000200 N
066 G000200 N
067 000200 N
068 A000200 N
068 B000200 N
069 000200 N
070 A010200 Y
070 A020200 Y
070 B010200 Y
070 B020200 N
070 C010200 Y
070 C020200 N
070 D010200 Y
070 D020200 N
070 E010200 Y
070 E020200 N
070 F010200 Y
070 F020200 Y
070 G010200 Y
070 G020200 N
070 H010200 Y
070 H020200 N
070 I010200 N
070 I020200 N
070 J010200 Y
070 J020200 N
070 K010200 Y
070 K020200 Y
070 L010200 Y
070 L020200 Y
070 M010200 Y
070 M020200 N
070 N010200 N
070 N020200 N
070 O010200 Y
070 O020200 N
070 P010200 N
070 P020200 N
070 Q010200 N
070 Q020200 N
<PAGE> PAGE 12
070 R010200 Y
070 R020200 N
071 A000200 0
071 B000200 0
071 C000200 0
071 D000200 0
072 A000200 4
072 B000200 52
072 C000200 1
072 D000200 0
072 E000200 0
072 F000200 348
072 G000200 1
072 H000200 0
072 I000200 0
072 J000200 50
072 K000200 0
072 L000200 0
072 M000200 5
072 N000200 0
072 O000200 0
072 P000200 0
072 Q000200 0
072 R000200 10
072 S000200 1
072 T000200 0
072 U000200 24
072 V000200 0
072 W000200 8
072 X000200 447
072 Y000200 30
072 Z000200 -364
072AA000200 33578
072BB000200 0
072CC010200 25058
072CC020200 0
072DD010200 0
072DD020200 0
072EE000200 0
073 A010200 0.0000
073 A020200 0.0000
073 B000200 0.0000
073 C000200 0.0000
074 A000200 0
074 B000200 5393
074 C000200 0
074 D000200 0
074 E000200 0
074 F000200 209107
074 G000200 0
074 H000200 0
<PAGE> PAGE 13
074 I000200 0
074 J000200 2296
074 K000200 0
074 L000200 2
074 M000200 20
074 N000200 216818
074 O000200 1495
074 P000200 0
074 Q000200 0
074 R010200 0
074 R020200 0
074 R030200 0
074 R040200 136
074 S000200 0
074 T000200 215187
074 U010200 0
074 U020200 0
074 V010200 0.00
074 V020200 0.00
074 W000200 0.0000
074 X000200 173
074 Y000200 0
075 A000200 0
075 B000200 176681
076 000200 0.00
024 000500 N
025 D000501 0
025 D000502 0
025 D000503 0
025 D000504 0
025 D000505 0
025 D000506 0
025 D000507 0
025 D000508 0
028 A010500 3543
028 A020500 0
028 A030500 0
028 A040500 256
028 B010500 9784
028 B020500 0
028 B030500 0
028 B040500 139
028 C010500 1954
028 C020500 0
028 C030500 0
028 C040500 1649
028 D010500 5275
028 D020500 0
028 D030500 0
028 D040500 988
028 E010500 56523
<PAGE> PAGE 14
028 E020500 0
028 E030500 0
028 E040500 4068
028 F010500 27878
028 F020500 0
028 F030500 0
028 F040500 7515
028 G010500 104957
028 G020500 0
028 G030500 0
028 G040500 14615
028 H000500 0
045 000500 Y
046 000500 N
047 000500 Y
048 000500 0.800
048 A010500 0
048 A020500 0.000
048 B010500 0
048 B020500 0.000
048 C010500 0
048 C020500 0.000
048 D010500 0
048 D020500 0.000
048 E010500 0
048 E020500 0.000
048 F010500 0
048 F020500 0.000
048 G010500 0
048 G020500 0.000
048 H010500 0
048 H020500 0.000
048 I010500 0
048 I020500 0.000
048 J010500 0
048 J020500 0.000
048 K010500 0
048 K020500 0.000
049 000500 N
050 000500 N
051 000500 N
052 000500 N
053 A000500 N
066 A000500 Y
066 B000500 N
066 C000500 Y
066 D000500 N
066 E000500 N
066 F000500 N
066 G000500 N
067 000500 N
<PAGE> PAGE 15
068 A000500 N
068 B000500 N
069 000500 N
070 A010500 Y
070 A020500 Y
070 B010500 Y
070 B020500 N
070 C010500 N
070 C020500 N
070 D010500 Y
070 D020500 N
070 E010500 N
070 E020500 N
070 F010500 Y
070 F020500 N
070 G010500 Y
070 G020500 N
070 H010500 Y
070 H020500 N
070 I010500 N
070 I020500 N
070 J010500 Y
070 J020500 N
070 K010500 Y
070 K020500 N
070 L010500 Y
070 L020500 Y
070 M010500 Y
070 M020500 N
070 N010500 N
070 N020500 N
070 O010500 Y
070 O020500 N
070 P010500 N
070 P020500 N
070 Q010500 N
070 Q020500 N
070 R010500 Y
070 R020500 N
071 A000500 215921
071 B000500 136673
071 C000500 101000
071 D000500 135
072 A000500 6
072 B000500 135
072 C000500 10
072 D000500 0
072 E000500 0
072 F000500 391
072 G000500 2
072 H000500 0
<PAGE> PAGE 16
072 I000500 0
072 J000500 48
072 K000500 0
072 L000500 0
072 M000500 3
072 N000500 0
072 O000500 0
072 P000500 0
072 Q000500 0
072 R000500 12
072 S000500 -1
072 T000500 0
072 U000500 2
072 V000500 0
072 W000500 3
072 X000500 460
072 Y000500 0
072 Z000500 -315
072AA000500 45293
072BB000500 0
072CC010500 3767
072CC020500 0
072DD010500 0
072DD020500 0
072EE000500 0
073 A010500 0.0000
073 A020500 0.0000
073 B000500 0.0000
073 C000500 0.0000
074 A000500 4406
074 B000500 8877
074 C000500 247
074 D000500 0
074 E000500 0
074 F000500 174898
074 G000500 0
074 H000500 0
074 I000500 0
074 J000500 7474
074 K000500 0
074 L000500 17
074 M000500 8
074 N000500 195927
074 O000500 12873
074 P000500 0
074 Q000500 0
074 R010500 0
074 R020500 0
074 R030500 0
074 R040500 35
074 S000500 0
<PAGE> PAGE 17
074 T000500 183019
074 U010500 0
074 U020500 0
074 V010500 0.00
074 V020500 0.00
074 W000500 0.0000
074 X000500 177
074 Y000500 0
075 A000500 0
075 B000500 109803
076 000500 0.00
SIGNATURE DENISE KNEELAND
TITLE VICE PRESIDENT
<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 March 31, 2000
and is qualified in its entirety by reference to
such financial statements.
</LEGEND>
<SERIES>
<NUMBER> 2
<NAME> Standish Small Capitalization Equity Portfol
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> SEP-30-2000
<PERIOD-END> MAR-31-2000
<INVESTMENTS-AT-COST> 134,056,277
<INVESTMENTS-AT-VALUE> 214,499,245
<RECEIVABLES> 2,297,701
<ASSETS-OTHER> 20,685
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 216,817,631
<PAYABLE-FOR-SECURITIES> 1,494,956
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 136,307
<TOTAL-LIABILITIES> 1,631,263
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 190,127,944
<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> 25,058,424
<NET-ASSETS> 215,186,368
<DIVIDEND-INCOME> 1,395
<INTEREST-INCOME> 52,067
<OTHER-INCOME> 0
<EXPENSES-NET> 416,976
<NET-INVESTMENT-INCOME> (363,514)
<REALIZED-GAINS-CURRENT> 33,577,681
<APPREC-INCREASE-CURRENT> 5,352,332
<NET-CHANGE-FROM-OPS> 38,566,499
<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> (29,064,553)
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 347,779
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 447,045
<AVERAGE-NET-ASSETS> 176,680,571
<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
<PER-SHARE-NAV-END> 0.00
<EXPENSE-RATIO> 0.72
</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 March 31, 2000
and is qualified in its entirety by reference to
such financial statements.
</LEGEND>
<SERIES>
<NUMBER> 1
<NAME> Standish Equity Portfolio
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> SEP-30-2000
<PERIOD-END> MAR-31-2000
<INVESTMENTS-AT-COST> 146,505,829
<INVESTMENTS-AT-VALUE> 170,631,318
<RECEIVABLES> 2,521,598
<ASSETS-OTHER> 976,693
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 174,129,609
<PAYABLE-FOR-SECURITIES> 1,709,536
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 52,127
<TOTAL-LIABILITIES> 1,761,663
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 161,266,018
<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> 11,101,928
<NET-ASSETS> 172,367,946
<DIVIDEND-INCOME> 948,423
<INTEREST-INCOME> 216,925
<OTHER-INCOME> 0
<EXPENSES-NET> 542,634
<NET-INVESTMENT-INCOME> 622,714
<REALIZED-GAINS-CURRENT> 6,358,137
<APPREC-INCREASE-CURRENT> 11,877,178
<NET-CHANGE-FROM-OPS> 18,858,029
<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> (18,489,240)
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 427,306
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 542,634
<AVERAGE-NET-ASSETS> 170,820,935
<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
<PER-SHARE-NAV-END> 0.00
<EXPENSE-RATIO> 0.64
</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 March 31, 2000
and is qualified in its entirety by reference to
such financial statements.
</LEGEND>
<SERIES>
<NUMBER> 5
<NAME> Standish Small Cap Growth Portfolio
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> SEP-30-2000
<PERIOD-END> MAR-31-2000
<INVESTMENTS-AT-COST> 173,687,449
<INVESTMENTS-AT-VALUE> 184,021,368
<RECEIVABLES> 7,490,836
<ASSETS-OTHER> 4,414,719
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 195,926,923
<PAYABLE-FOR-SECURITIES> 12,873,077
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 34,418
<TOTAL-LIABILITIES> 12,907,495
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 172,685,510
<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> 10,333,918
<NET-ASSETS> 183,019,428
<DIVIDEND-INCOME> 9,673
<INTEREST-INCOME> 134,865
<OTHER-INCOME> 0
<EXPENSES-NET> 459,221
<NET-INVESTMENT-INCOME> (314,683)
<REALIZED-GAINS-CURRENT> 45,293,203
<APPREC-INCREASE-CURRENT> 3,767,252
<NET-CHANGE-FROM-OPS> 48,745,772
<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> 139,087,313
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 390,671
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 459,221
<AVERAGE-NET-ASSETS> 109,803,485
<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
<PER-SHARE-NAV-END> 0.00
<EXPENSE-RATIO> 0.84
</TABLE>