AMERICAN SKANDIA MASTER TRUST
NSAR-A, 1998-06-29
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<PAGE>      PAGE  1
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<PAGE>      PAGE  2
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<PAGE>      PAGE  3
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<PAGE>      PAGE  5
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<PAGE>      PAGE  7
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<PAGE>      PAGE  9
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<PAGE>      PAGE  13
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<PAGE>      PAGE  14
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<PAGE>      PAGE  16
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<PAGE>      PAGE  18
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062 O000400   0.0
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062 R000400   5.4
063 A000400   0
063 B000400 15.8
064 A000400 N
064 B000400 N
066 A000400 N
067  000400 N
068 A000400 N
068 B000400 N
069  000400 N
070 A010400 Y
070 A020400 Y
070 B010400 N
070 B020400 N
070 C010400 Y
070 C020400 N
070 D010400 N
070 D020400 N
070 E010400 Y
070 E020400 N
070 F010400 Y
070 F020400 N
070 G010400 Y
070 G020400 N
070 H010400 Y
070 H020400 N
070 I010400 N
070 I020400 N
070 J010400 N
070 J020400 N
070 K010400 Y
070 K020400 Y
070 L010400 Y
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<PAGE>      PAGE  20
070 M010400 Y
070 M020400 N
070 N010400 Y
070 N020400 N
070 O010400 Y
070 O020400 N
070 P010400 Y
070 P020400 N
070 Q010400 N
070 Q020400 N
070 R010400 N
070 R020400 N
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<PAGE>      PAGE  21
073 B000400   0.0000
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008 A000501 AMERICAN SKANDIA INV. SERVICES, INC.
008 B000501 A
008 C000501 801-040532
008 D010501 SHELTON
008 D020501 CT
008 D030501 06484
008 A000502 J.P. MORGAN INVESTMENT MANAGEMENT INC.
008 B000502 S
008 C000502 801-021011
008 D010502 NEW YORK
008 D020502 NY
008 D030502 10036
015 A000501 PNC BANK, N.A.
015 B000501 C
015 C010501 PHILADELPHIA
015 C020501 PA
015 C030501 19113
015 E010501 X
015 A000502 MORGAN STANLEY TRUST COMPANY
<PAGE>      PAGE  22
015 B000502 C
015 C010502 BROOKLYN
015 C020502 NY
015 C030502 11201
015 E040502 X
015 A000503 BANKERS TRUST COMPANY
015 B000503 S
015 C010503 NEW YORK
015 C020503 NY
015 C030503 10005
015 E010503 X
024  000500 Y
025 A000501 AMERICAN EXPRESS
025 B000501 11-1988350
025 C000501 D
025 D000501     398
025 A000502 GE CAPITAL
025 B000502 06-1362678
025 C000502 D
025 D000502     499
025 D000503       0
025 D000504       0
025 D000505       0
025 D000506       0
025 D000507       0
025 D000508       0
045  000500 Y
046  000500 N
047  000500 Y
048  000500  0.500
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048 A020500 0.000
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048 B020500 0.000
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048 C020500 0.000
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<PAGE>      PAGE  23
048 K020500 0.000
055 A000500 Y
055 B000500 N
056  000500 N
057  000500 N
062 A000500 Y
062 B000500   0.5
062 C000500  16.8
062 D000500   0.0
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062 H000500   0.0
062 I000500  80.6
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062 P000500   0.0
062 Q000500   0.0
062 R000500   0.0
063 A000500  30
063 B000500  0.0
064 A000500 N
064 B000500 N
066 A000500 N
067  000500 N
068 A000500 N
068 B000500 N
069  000500 N
070 A010500 Y
070 A020500 N
070 B010500 N
070 B020500 N
070 C010500 N
070 C020500 N
070 D010500 N
070 D020500 N
070 E010500 N
070 E020500 N
070 F010500 N
070 F020500 N
070 G010500 N
070 G020500 N
070 H010500 N
070 H020500 N
070 I010500 N
070 I020500 N
070 J010500 N
<PAGE>      PAGE  24
070 J020500 N
070 K010500 Y
070 K020500 Y
070 L010500 Y
070 L020500 N
070 M010500 N
070 M020500 N
070 N010500 Y
070 N020500 N
070 O010500 Y
070 O020500 N
070 P010500 Y
070 P020500 N
070 Q010500 N
070 Q020500 N
070 R010500 N
070 R020500 N
071 A000500         0
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072 V000500        0
072 W000500        0
072 X000500       26
072 Y000500        0
072 Z000500      138
072AA000500        0
072BB000500        1
072CC010500        0
072CC020500        0
<PAGE>      PAGE  25
072DD010500        0
072DD020500        0
072EE000500        0
073 A010500   0.0000
073 A020500   0.0000
073 B000500   0.0000
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074 B000500        0
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074 D000500        0
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074 M000500       21
074 N000500    10306
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074 R030500        0
074 R040500       74
074 S000500        0
074 T000500    10232
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SIGNATURE   MARY JANE MALONEY                            
TITLE       MANAGER             
 


<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0001035215
<NAME> AMERICAN SKANDIA MASTER TRUST
<SERIES>
   <NUMBER> 01
   <NAME> ASMT T ROWE PRICE INTERNATIONAL EQUITY PORTFOLIO
       
<S>                             <C>
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          OCT-31-1998
<PERIOD-START>                             NOV-01-1997
<PERIOD-END>                               APR-30-1998
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</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0001035215
<NAME> AMERICAN SKANDIA MASTER TRUST
<SERIES>
   <NUMBER> 02
   <NAME> ASMT JANUS CAPITAL GROWTH PORTFOLIO
       
<S>                             <C>
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          OCT-31-1998
<PERIOD-START>                             NOV-01-1997
<PERIOD-END>                               APR-30-1998
<INVESTMENTS-AT-COST>                         45042434
<INVESTMENTS-AT-VALUE>                        51654150
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<SENIOR-EQUITY>                                      0
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<ACCUMULATED-NII-CURRENT>                        32402
<OVERDISTRIBUTION-NII>                               0
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<OVERDISTRIBUTION-GAINS>                      (431263)
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</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0001035215
<NAME> AMERICAN SKANDIA MASTER TRUST
<SERIES>
   <NUMBER> 03
   <NAME> ASMT INVESCO EQUITY INCOME PORTFOLIO
       
<S>                             <C>
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          OCT-31-1998
<PERIOD-START>                             NOV-01-1997
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</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0001035215
<NAME> AMERICAN SKANDIA MASTER TRUST
<SERIES>
   <NUMBER> 04
   <NAME> ASMT PIMCO TOTAL RETURN BOND PORTFOLIO
       
<S>                             <C>
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          OCT-31-1998
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<ACCUM-APPREC-OR-DEPREC>                        (9996)
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<EXPENSES-NET>                                 (80480)
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<ACCUMULATED-GAINS-PRIOR>                         6883
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</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0001035215
<NAME> AMERICAN SKANDIA MASTER TRUST
<SERIES>
   <NUMBER> 05
   <NAME> ASMT JPM MONEY MARKET PORTFOLIO
       
<S>                             <C>
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          OCT-31-1998
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</TABLE>


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