MASTERS CONCENTRATED SELECT TRUST
N-8A, 1996-08-12
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                       SECURITIES AND EXCHANGE COMMISSION
                              Washington, DC 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:  Masters Concentrated Select Trust
     -----------------------------------

Address of Principal Business Office (No. & Street, City, State, Zip Code:

         4 Orinda Way, Suite 230D, Orinda, California 94563
         --------------------------------------------------

Telephone Number (including area code):

         (510) 254-8999
         --------------------------------------


Name and address of agent for service of process:

         Kenneth E. Gregory, Masters Concentrated Select Trust,
         4 Orinda Way, Suite 230-D, Orinda, CA 94563
         ------------------------------------------------------


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     | |
<PAGE>
                                   SIGNATURES

         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 the City of  Orinda  and the  State of  California  on the 9th day of
August, 1996.

                                  Signature:
                                               Masters Concentrated Select Trust
                                               ---------------------------------



                                           By: /s/ Kenneth E. Gregory
                                              --------------------------


Attest: /s/ Robert H. Wadsworth
       -----------------------------


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