<PAGE> PAGE 1
000 A000000 06/30/2000
000 C000000 0001020425
000 D000000 N
000 E000000 NF
000 F000000 Y
000 G000000 N
000 H000000 N
000 I000000 6.1
000 J000000 A
001 A000000 MASTERS' SELECT FUNDS TRUST
001 B000000 811-07763
001 C000000 8009600188
002 A000000 4 ORINDA WAY SUITE 230-D
002 B000000 ORINDA
002 C000000 CA
002 D010000 94563
003 000000 N
004 000000 N
005 000000 N
006 000000 N
007 A000000 Y
007 B000000 3
007 C010100 1
007 C020100 MASTERS' SELECT EQUITY FUND
007 C030100 N
007 C010200 2
007 C020200 MASTERS' SELECT INTERNATIONAL FUND
007 C030200 N
007 C010300 3
007 C020300 MASTERS' SELECT VALUE FUND
007 C030300 N
007 C010400 4
007 C010500 5
007 C010600 6
007 C010700 7
007 C010800 8
007 C010900 9
007 C011000 10
010 A00AA01 INVESTMENT COMPANY ADMINISTRATION, L.L.C.
010 C01AA01 GLENDORA
010 C02AA01 CA
010 C03AA01 91741
011 A00AA01 FIRST FUND DISTRIBUTORS, INC.
011 B00AA01 8-42809
011 C01AA01 PHOENIX
011 C02AA01 AZ
011 C03AA01 85018
012 A00AA01 NATIONAL FINANCIAL DATA SERVICES
012 B00AA01 84-1078
012 C01AA01 KANSAS CITY
012 C02AA01 MO
<PAGE> PAGE 2
012 C03AA01 64105
013 A00AA01 PRICEWATERHOUSECOOPERS, LLP
013 B01AA01 NEW YORK
013 B02AA01 NY
013 B03AA01 10036
015 A00AA01 STATE STREET BANK & TRUST CO.
015 B00AA01 C
015 C01AA01 BOSTON
015 C02AA01 MA
015 C03AA01 02110
015 E01AA01 X
015 A00AA02 CITIBANK N.A.
015 B00AA02 S
015 C01AA02 BUENOS AIRES
015 D01AA02 ARGENTINA
015 E04AA02 X
015 A00AA03 WESTPAC BANKING CORP.
015 B00AA03 S
015 C01AA03 SYDNEY
015 D01AA03 AUSTRALIA
015 E04AA03 X
015 A00AA04 ERSTE BANK DER OESTERREICHISCHEN SPARKASSEN A
015 B00AA04 S
015 C01AA04 VIENNA
015 D01AA04 AUSTRIA
015 E04AA04 X
015 A00AA05 HSBC BANK MIDDLE EAST
015 B00AA05 S
015 C01AA05 BAHRAIN
015 D01AA05 BAHRAIN
015 E04AA05 X
015 A00AA06 STANDARD CHARTERED BANK
015 B00AA06 S
015 C01AA06 BANGLADESH
015 D01AA06 BANGLADESH
015 E04AA06 X
015 A00AA07 FORTIS BANK NV/AS.
015 B00AA07 S
015 C01AA07 BRUSSELS
015 D01AA07 BELGIUM
015 E04AA07 X
015 A00AA08 THE BANK OF BERMUDA LIMITED
015 B00AA08 S
015 C01AA08 BERMUDA
015 D01AA08 BERMUDA
015 E04AA08 X
015 A00AA09 CITIBANK, N.A.
015 B00AA09 S
015 C01AA09 BOLIVIA
015 D01AA09 BOLIVIA
015 E04AA09 X
<PAGE> PAGE 3
015 A00AA10 BARCLAYS BANK OF BOTSWANA LIMITED
015 B00AA10 S
015 C01AA10 BOTSWANA
015 D01AA10 BOTSWANA
015 E04AA10 X
015 A00AA11 CITIBANK, N.A.
015 B00AA11 S
015 C01AA11 SAO PAULO
015 D01AA11 BRAZIL
015 E04AA11 X
015 A00AA12 ING BANK N.V.
015 B00AA12 S
015 C01AA12 BULGARIA
015 D01AA12 BULGARIA
015 E04AA12 X
015 A00AA13 STATE STREET TRUST COMPANY CANADA
015 B00AA13 S
015 C01AA13 TORONTO
015 D01AA13 CANADA
015 E04AA13 X
015 A00AA14 CITIBANK, N.A.
015 B00AA14 S
015 C01AA14 CHILE
015 D01AA14 CHILE
015 E04AA14 X
015 A00AA15 THE HONGKONG AND SHANGHAI BANKING CORP. LTD
015 B00AA15 S
015 C01AA15 SHANGHAI
015 D01AA15 CHINA
015 E04AA15 X
015 A00AA16 THE HONGKONG AND SHANGHAI BANKING CORP. LTD
015 B00AA16 S
015 C01AA16 SHENZHEN
015 D01AA16 CHINA
015 E04AA16 X
015 A00AA17 CITITRUST COLOMBIA S.A.
015 B00AA17 S
015 C01AA17 COLOMBIA
015 D01AA17 COLOMBIA
015 E04AA17 X
015 A00AA18 BANCO BCT S.A.
015 B00AA18 S
015 C01AA18 COSTA RICA
015 D01AA18 COSTA RICA
015 E04AA18 X
015 A00AA19 PRIVREDNA BANKA ZAGREB D.D.
015 B00AA19 S
015 C01AA19 CROATIA
015 D01AA19 CROATIA
015 E04AA19 X
015 A00AA20 THE CYPRUS POPULAR BANK LTD
<PAGE> PAGE 4
015 B00AA20 S
015 C01AA20 CYPRUS
015 D01AA20 CYPRUS
015 E04AA20 X
015 A00AA21 CESKOSLOVENSKA OBCHODNI BANKA, A.S.
015 B00AA21 S
015 C01AA21 CZECH REPUBLIC
015 D01AA21 CZECH REPUBLIC
015 E04AA21 X
015 A00AA22 DEN DANSKE BANK
015 B00AA22 S
015 C01AA22 COPENHAGEN
015 D01AA22 DENMARK
015 E04AA22 X
015 A00AA23 CITIBANK, N.A.
015 B00AA23 S
015 C01AA23 ECUADOR
015 D01AA23 ECUADOR
015 E04AA23 X
015 A00AA24 EGYPTIAL BRITISH BANK
015 B00AA24 S
015 C01AA24 EGYPT
015 D01AA24 EGYPT
015 E04AA24 X
015 A00AA25 HANSABANK
015 B00AA25 S
015 C01AA25 ESTONIA
015 D01AA25 ESTONIA
015 E04AA25 X
015 A00AA26 MERITA BANK PLC
015 B00AA26 S
015 C01AA26 HELSINKI
015 D01AA26 FINLAND
015 E04AA26 X
015 A00AA27 BNP PARIBAS
015 B00AA27 S
015 C01AA27 PARIS
015 D01AA27 FRANCE
015 E04AA27 X
015 A00AA28 DRESDNER BANK AG
015 B00AA28 S
015 C01AA28 FRANKFURT
015 D01AA28 GERMANY
015 E04AA28 X
015 A00AA29 BARCLAYS BANK OF GHANA LIMITED
015 B00AA29 S
015 C01AA29 GHANA
015 D01AA29 GHANA
015 E04AA29 X
015 A00AA30 NATIONAL BANK OF GREECE S.A.
015 B00AA30 S
<PAGE> PAGE 5
015 C01AA30 ATHENS
015 D01AA30 GREECE
015 E04AA30 X
015 A00AA31 STANDARD CHARTERED BANK
015 B00AA31 S
015 C01AA31 HONG KONG
015 D01AA31 HONG KONG
015 E04AA31 X
015 A00AA32 CITIBANK RT
015 B00AA32 S
015 C01AA32 BUDAPEST
015 D01AA32 HUNGARY
015 E04AA32 X
015 A00AA33 ICEBANK LTD
015 B00AA33 S
015 C01AA33 ICELAND
015 D01AA33 ICELAND
015 E04AA33 X
015 A00AA34 DEUTSCHE BANK AG
015 B00AA34 S
015 C01AA34 INDIA
015 D01AA34 INDIA
015 E04AA34 X
015 A00AA35 STANDARD CHARTERED BANK
015 B00AA35 S
015 C01AA35 JAKARTA
015 D01AA35 INDONESIA
015 E04AA35 X
015 A00AA36 BANK OF IRELAND
015 B00AA36 S
015 C01AA36 DUBLIN
015 D01AA36 IRELAND
015 E04AA36 X
015 A00AA37 BANK HAPOALIM B.M.
015 B00AA37 S
015 C01AA37 TEL AVIV
015 D01AA37 ISRAEL
015 E04AA37 X
015 A00AA38 BNP PARIBAS, S.A.
015 B00AA38 S
015 C01AA38 MILAN
015 D01AA38 ITALY
015 E04AA38 X
015 A00AA39 SOCIETE GENERALE DE BANQUES
015 B00AA39 S
015 C01AA39 IVORY COAST
015 D01AA39 IVORY COAST
015 E04AA39 X
015 A00AA40 SCOTIABANK JAMAICA TRUST AND MERCHANT BANK LT
015 B00AA40 S
015 C01AA40 JAMAICA
<PAGE> PAGE 6
015 D01AA40 JAMAICA
015 E04AA40 X
015 A00AA41 THE FUJI BANK, LIMITED
015 B00AA41 S
015 C01AA41 TOKYO
015 D01AA41 JAPAN
015 E04AA41 X
015 A00AA42 THE SUMITOMO BANK, LIMITED
015 B00AA42 S
015 C01AA42 JAPAN
015 D01AA42 JAPAN
015 E04AA42 X
015 A00AA43 HSBC BANK MIDDLE EAST
015 B00AA43 S
015 C01AA43 JORDAN
015 D01AA43 JORDAN
015 E04AA43 X
015 A00AA44 BARCLAYS BANK OF KENYA LIMITED
015 B00AA44 S
015 C01AA44 KENYA
015 D01AA44 KENYA
015 E04AA44 X
015 A00AA45 THE HONGKONG AND SHANGHAI BANKING CORP. LTD
015 B00AA45 S
015 C01AA45 SEOUL
015 D01AA45 SOUTH KOREA
015 E04AA45 X
015 A00AA46 A/S HANSABANK
015 B00AA46 S
015 C01AA46 LATVIA
015 D01AA46 LATVIA
015 E04AA46 X
015 A00AA47 HSBC BANK MIDDLE EAST
015 B00AA47 S
015 C01AA47 LEBANON
015 D01AA47 LEBANON
015 E04AA47 X
015 A00AA48 VILNIAUS BANKAS AB
015 B00AA48 S
015 C01AA48 LITHUANIA
015 D01AA48 LITHUANIA
015 E04AA48 X
015 A00AA49 STANDARD CHARTERED BANK
015 B00AA49 S
015 C01AA49 KUALA LUMPUR
015 D01AA49 MALAYSIA
015 E04AA49 X
015 A00AA50 THE HONG KONG AND SHANGHAI BANKING CORP. LTD
015 B00AA50 S
015 C01AA50 MAURITIUS
015 D01AA50 MAURITIUS
<PAGE> PAGE 7
015 E04AA50 X
015 A00AA51 CITIBANK MEXICO, S.A.
015 B00AA51 S
015 C01AA51 MEXICO CITY
015 D01AA51 MEXICO
015 E04AA51 X
015 A00AA52 BANQUE COMERCIALE DU MAROC
015 B00AA52 S
015 C01AA52 MOROCCO
015 D01AA52 MOROCCO
015 E04AA52 X
015 A00AA53 STANDARD BANK OF NAMIBIA LIMITED
015 B00AA53 S
015 C01AA53 NAMIBIA
015 D01AA53 NAMIBIA
015 E03AA53 X
015 A00AA54 FORTIS BANK (NEDERLAND) N.V.
015 B00AA54 S
015 C01AA54 AMSTERDAM
015 D01AA54 THE NETHERLANDS
015 E04AA54 X
015 A00AA55 CHRISTIANIA BANK OG KREDITKASSE ASA
015 B00AA55 S
015 C01AA55 OSLO
015 D01AA55 NORWAY
015 E04AA55 X
015 A00AA56 HSBC BANK MIDDLE EAST
015 B00AA56 S
015 C01AA56 OMAN
015 D01AA56 OMAN
015 E04AA56 X
015 A00AA57 DEUTSCHE BANK AG
015 B00AA57 S
015 C01AA57 PAKISTAN
015 D01AA57 PAKISTAN
015 E04AA57 X
015 A00AA58 HSBC BANK MIDDLE EAST
015 B00AA58 S
015 C01AA58 PALESTINE
015 D01AA58 PALESTINE
015 E04AA58 X
015 A00AA59 CITIBANK, N.A.
015 B00AA59 S
015 C01AA59 LIMA
015 D01AA59 PERU
015 E04AA59 X
015 A00AA60 STANDARD CHARTERED BANK
015 B00AA60 S
015 C01AA60 MANILA
015 D01AA60 PHILIPPINES
015 E04AA60 X
<PAGE> PAGE 8
015 A00AA61 CITIBANK (POLAND) S.A.
015 B00AA61 S
015 C01AA61 POLAND
015 D01AA61 POLAND
015 E04AA61 X
015 A00AA62 BANCO COMERCIAL PORTUGUES
015 B00AA62 S
015 C01AA62 LISBON
015 D01AA62 PORTUGAL
015 E04AA62 X
015 A00AA63 HSBC BANK MIDDLE EAST
015 B00AA63 S
015 C01AA63 QATAR
015 D01AA63 QATAR
015 E04AA63 X
015 A00AA64 ING BANK N.V.
015 B00AA64 S
015 C01AA64 ROMANIA
015 D01AA64 ROMANIA
015 E04AA64 X
015 A00AA65 CREDIT SUISSE FIRST BOSTON AO, MOSCOW
015 B00AA65 S
015 C01AA65 MOSCOW
015 D01AA65 RUSSIA
015 E04AA65 X
015 A00AA66 THE DEVELOPMENT BANK OF SINGAPORE LIMITED
015 B00AA66 S
015 C01AA66 SINGAPORE
015 D01AA66 SINGAPORE
015 E04AA66 X
015 A00AA67 CESKOSLOVENSKA OBCHODNI BANKA, A.S.
015 B00AA67 S
015 C01AA67 BRATISLAVA
015 D01AA67 SLOVAK REPUBLIC
015 E04AA67 X
015 A00AA68 BANK AUSTRIA CREDITANSTALT DD LJUBLJANA
015 B00AA68 S
015 C01AA68 SLOVENIA
015 D01AA68 SLOVENIA
015 E04AA68 X
015 A00AA69 STANDARD BANK OF SOUTH AFRICA LIMITED
015 B00AA69 S
015 C01AA69 JOHANNESBURG
015 D01AA69 SOUTH AFRICA
015 E04AA69 X
015 A00AA70 BANCO SANTANDER CENTRAL HISPANO, S.A.
015 B00AA70 S
015 C01AA70 MADRID
015 D01AA70 SPAIN
015 E04AA70 X
015 A00AA71 THE HONGKONG AND SHANGHAI BANKING CORP. LTD.
<PAGE> PAGE 9
015 B00AA71 S
015 C01AA71 SRI LANKA
015 D01AA71 SRI LANKA
015 E04AA71 X
015 A00AA72 STANDARD BANK SWAZILAND LIMITED
015 B00AA72 S
015 C01AA72 SWAZILAND
015 D01AA72 SWAZILAND
015 E04AA72 X
015 A00AA73 SKANDINAVISKA ENSKILDA BANKEN
015 B00AA73 S
015 C01AA73 SWEDEN
015 D01AA73 SWEDEN
015 E04AA73 X
015 A00AA74 UBS AG
015 B00AA74 S
015 C01AA74 ZURICH
015 D01AA74 SWITZERLAND
015 E04AA74 X
015 A00AA75 CENTRAL TRUST OF CHINA
015 B00AA75 S
015 C01AA75 TAIWAN R.O.C.
015 D01AA75 TAIWAN R.O.C.
015 E04AA75 X
015 A00AA76 STANDARD CHARTERED BANK
015 B00AA76 S
015 C01AA76 BANGKOK
015 D01AA76 THAILAND
015 E04AA76 X
015 A00AA77 REPUBLIC BANK LIMITED
015 B00AA77 S
015 C01AA77 TRINIDAD
015 D01AA77 TRINIDAD
015 E04AA77 X
015 A00AA78 REPUBLIC BANK LIMITED
015 B00AA78 S
015 C01AA78 TOBAGO
015 D01AA78 TOBAGO
015 E04AA78 X
015 A00AA79 BANQUE INTERNATIONALE ARABE DE TUNISIE
015 B00AA79 S
015 C01AA79 TUNISIA
015 D01AA79 TUNISIA
015 E04AA79 X
015 A00AA80 CITIBANK, N.A.
015 B00AA80 S
015 C01AA80 ISTANBUL
015 D01AA80 TURKEY
015 E04AA80 X
015 A00AA81 ING BANK UKRAINE
015 B00AA81 S
<PAGE> PAGE 10
015 C01AA81 UKRAINE
015 D01AA81 UKRAINE
015 E04AA81 X
015 A00AA82 STATE STREET BANK AND TRUST COMPANY
015 B00AA82 S
015 C01AA82 LONDON
015 D01AA82 UNITED KINGDOM
015 E04AA82 X
015 A00AA83 BANKBOSTON N.A.
015 B00AA83 S
015 C01AA83 URUGUAY
015 D01AA83 URUGUAY
015 E04AA83 X
015 A00AA84 CITIBANK, N.A.
015 B00AA84 S
015 C01AA84 VENEZUELA
015 D01AA84 VENEZUELA
015 E04AA84 X
015 A00AA85 THE HONGKONG AND SHANGHAI BANKING CORP. LTD
015 B00AA85 S
015 C01AA85 VIETNAM
015 D01AA85 VIETNAM
015 E04AA85 X
015 A00AA86 BARCLAYS BANK OF ZAMBIA LIMITED
015 B00AA86 S
015 C01AA86 ZAMBIA
015 D01AA86 ZAMBIA
015 E04AA86 X
015 A00AA87 BARCLAYS BANK OF ZIMBABWE LIMITED
015 B00AA87 S
015 C01AA87 ZIMBABWE
015 D01AA87 ZIMBABWE
015 E04AA87 X
015 A00AA88 BANKBOSTON, N.A.
015 B00AA88 S
015 C01AA88 PANAMA
015 D01AA88 PANAMA
015 E04AA88 X
015 A00AA89 ANZ BANKING GROUP (NEW ZEALAND) LIMITED
015 B00AA89 S
015 C01AA89 NEW ZEALAND
015 D01AA89 NEW ZEALAND
015 E04AA89 X
015 A00AA90 THE HONGKONG AND SHANGHAI BANKING CORP., LTD.
015 B00AA90 S
015 C01AA90 INDIA
015 D01AA90 INDIA
015 E04AA90 X
018 00AA00 Y
019 A00AA00 N
019 B00AA00 0
<PAGE> PAGE 11
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020 B000001 13-5108880
020 C000001 101
020 A000002 ABN AMRO CHICAGO CORP.
020 B000002 13-3227945
020 C000002 98
020 A000003 CS FIRST BOSTON CORP.
020 B000003 13-5659485
020 C000003 95
020 A000004 WARBURG DILLON READ, LLC
020 B000004 13-3340045
020 C000004 92
020 A000005 MERRILL LYNCH PIERCE FENNER & SMITH
020 B000005 13-5674085
020 C000005 81
020 A000006 BEAR STEARNS SECURITIES CORP.
020 B000006 13-3299429
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020 A000007 MORGAN STANLEY & CO., INC.
020 B000007 13-2655998
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020 A000009 J.B. WERE & SON, LTD.
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022 A000006 CANTOR FITZGERALD & CO.
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<PAGE> PAGE 12
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022 D000006 6772
022 A000007 MORGAN STANLEY & CO., INC.
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022 A000009 SOUNDVIEW FINANCIAL GROUP
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022 A000010 BEAR STEARNS SECURITIES CORP.
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<PAGE> PAGE 13
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047 00AA00 Y
048 00AA00 1.100
048 A01AA00 0
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054 B00AA00 N
054 C00AA00 N
054 D00AA00 N
054 E00AA00 N
054 F00AA00 N
054 G00AA00 N
054 H00AA00 Y
054 I00AA00 N
054 J00AA00 Y
054 K00AA00 N
054 L00AA00 N
054 M00AA00 Y
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055 A00AA00 N
055 B00AA00 N
056 00AA00 N
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<PAGE> PAGE 14
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008 D030101 94563
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<PAGE> PAGE 15
008 D030103 21202
008 A000104 FRIESS ASSOCIATES, INC.
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014 A000101 SHELBY CULLOM DAVIS & CO., L.P.
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014 A000104 PRUDENTIAL INVESTMENT MANAGEMENT SERVICES
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014 A000105 PRUCO SECURITIES CORPORATION
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014 A000107 WEXFORD CLEARING CORPORATION
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014 A000109 AEW SECURITIES LP
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014 A000110 HANJIN INVESTMENT AND SECURITIES COMPANY LTD.
<PAGE> PAGE 16
014 B000110 8-00000000
014 A000111 HARRIS ASSOCIATES SECURITIES LP (HALSP)
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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 21
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<PAGE> PAGE 22
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<PAGE> PAGE 23
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<PAGE> PAGE 24
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<PAGE> PAGE 25
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<PAGE> PAGE 26
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<PAGE> PAGE 27
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SIGNATURE ROBERT SLOTKY
TITLE ASSISTANT TREASURER
