<PAGE> PAGE 1
000 A000000 06/30/97
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007 C010400 4
007 C010500 5
007 C010600 6
007 C010700 7
007 C010800 8
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010 A00AA01 INVESTORS FUND SERVICES (IRELAND) LIMITED
010 C01AA01 DUBLIN
010 C05AA01 IRELAND
012 A00AA01 IBT FUND SERVICES (CANADA) INC.
012 B00AA01 85-n/a
012 C01AA01 TORONTO
012 C02AA01 CA
012 C03AA01 00000
013 A00AA01 ERNST & YOUNG
013 B01AA01 GEORGETOWN
013 B05AA01 CAYMAN ISLANDS
015 A00AA01 INVESTORS BANK & TRUST COMPANY
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<PAGE> PAGE 2
015 C03AA01 02116
015 E01AA01 X
018 00AA00 Y
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<PAGE> PAGE 3
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<PAGE> PAGE 4
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<PAGE> PAGE 5
058 D00AA00 N
058 E00AA00 N
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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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SIGNATURE GEORGE M.BOYD
TITLE SECRETARY
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
This schedule contains summary financial information
extracted from The Merrimac Cash Portfolio
form N-SAR for the period ended June 30, 1997
and is qualified in its entirety by reference to
such financial statements.
</LEGEND>
<SERIES>
<NUMBER> 1
<NAME> The Merrimac Cash Portfolio
<S> <C>
<PERIOD-TYPE> 6-MOS
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<PERIOD-END> JUN-30-1997
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<EXPENSES-NET> 1,122,904
<NET-INVESTMENT-INCOME> 34,662,133
<REALIZED-GAINS-CURRENT> 0
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</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
This schedule contains summary financial information
extracted from The Merrimac Treasury Portfolio
form N-SAR for the period ended June 30, 1997
and is qualified in its entirety by reference to
such financial statements.
</LEGEND>
<SERIES>
<NUMBER> 2
<NAME> The Merrimac Treasury Portfolio
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> DEC-31-1997
<PERIOD-END> JUN-30-1997
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</TABLE>
