KOBRICK HFS INVESTMENT TRUST
NSAR-A, 1998-05-27
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<PAGE>      PAGE  1
000 A000000 03/31/98
000 C000000 0001047167
000 D000000 N
000 E000000 NF
000 F000000 Y
000 G000000 N
000 H000000 N
000 I000000 3.0.a
000 J000000 A
001 A000000 KOBRICK-CENDANT INVESTMENT TRUST
001 B000000 811-8436
001 C000000 6179855922
002 A000000 101 FEDERAL STREET
002 B000000 BOSTON
002 C000000 MA
002 D010000 02110
003  000000 Y
004  000000 N
005  000000 N
006  000000 N
007 A000000 Y
007 B000000  2
007 C010100  1
007 C020100 KOBRICK-CENDANT CAPITAL FUND
007 C030100 N
007 C010200  2
007 C020200 KOBRICK-CENDANT EMERGING GROWTH FUND
007 C030200 N
007 C010300  3
007 C010400  4
007 C010500  5
007 C010600  6
007 C010700  7
007 C010800  8
007 C010900  9
007 C011000 10
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008 B00AA01 A
008 C00AA01 801-55045
008 D01AA01 BOSTON
008 D02AA01 MA
008 D03AA01 02110
010 A00AA01 STATE STREET BANK AND TRUST COMPANY
010 B00AA01 85-05003
010 C01AA01 BOSTON
010 C02AA01 MA
010 C03AA01 02210
012 A00AA01 BOSTON FINANCIAL DATA SERVICES, INC.
012 B00AA01 85-8494
012 C01AA01 NORTH QUINCY
012 C02AA01 MA
<PAGE>      PAGE  2
012 C03AA01 02171
013 A00AA01 ERNST AND YOUNG LLP
013 B01AA01 BOSTON
013 B02AA01 MA
013 B03AA01 02116
015 A00AA01 STATE STREET BANK AND TRUST CO.
015 B00AA01 C
015 C01AA01 BOSTON
015 C02AA01 MA
015 C03AA01 02105
015 E01AA01 X
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019 C00AA00 KOBRICKCEN
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020 B000001 13-3299429
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020 B000002 13-2518466
020 C000002     14
020 A000003 CS FIRST BOSTON
020 B000003 13-5659485
020 C000003     13
020 A000004 NATIOINSBANK MONTGOMERY
020 B000004 75-0520130
020 C000004     13
020 A000005 BERNSTEIN SANFORD
020 B000005 13-2625874
020 C000005     11
020 A000006 JEFFRIES & CO
020 B000006 95-2622900
020 C000006     10
020 A000007 MORGAN STANLEY & CO
020 B000007 13-2655998
020 C000007      8
020 A000008 BT ALEX BROWN
020 B000008 52-1319768
020 C000008      7
020 A000009 INSTINET
020 B000009 13-3443395
020 C000009      7
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020 C000010      5
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<PAGE>      PAGE  3
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022 D000002      5398
022 A000003 GOLDMAN SACHS & CO
022 B000003 13-5108880
022 C000003      7763
022 D000003      4175
022 A000004 MERRILL LYNCH PIERCE FENNER
022 B000004 13-5674085
022 C000004      6335
022 D000004      3886
022 A000005 SMITH BARNEY INC
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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  12
SIGNATURE   TIMOTHY DEVER                                
TITLE       FUND ADMINISTRATOR  
 


<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0001047167
<NAME> KOBRICK-CENDANT INVESTMENT TRUST
<SERIES>
   <NUMBER> 1
   <NAME> KOBRICK-CENDANT CAPITAL FUND
       
<S>                             <C>
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<PERIOD-END>                               MAR-31-1998
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</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0001047167
<NAME> KOBRICK-CENDANT INVESTMENT TRUST
<SERIES>
   <NUMBER> 2
   <NAME> KOBRICK-CENDANT EMERGING GROWTH FUND
       
<S>                             <C>
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</TABLE>


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