FINANCIAL INSTITUTIONS SERIES TRUST
NSAR-A, 2000-01-28
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<PAGE>      PAGE  1
000 A000000 11/30/1999
000 C000000 0000353281
000 D000000 N
000 E000000 NF
000 F000000 Y
000 G000000 N
000 H000000 N
000 I000000 6.1
000 J000000 A
001 A000000 FINANCIAL INSTITUTIONS SERIES TRUST
001 B000000 811-3189
001 C000000 6092822800
002 A000000 P.O. BOX 9011
002 B000000 PRINCETON
002 C000000 NJ
002 D010000 08543
002 D020000 9011
003  000000 N
004  000000 N
005  000000 N
006  000000 N
007 A000000 Y
007 B000000  1
007 C010100  1
007 C020100 SUMMIT CASH RESERVES FUND
007 C030100 N
007 C010200  2
007 C010300  3
007 C010400  4
007 C010500  5
007 C010600  6
007 C010700  7
007 C010800  8
007 C010900  9
007 C011000 10
020 C000001      0
020 C000002      0
020 C000003      0
020 C000004      0
020 C000005      0
020 C000006      0
020 C000007      0
020 C000008      0
020 C000009      0
020 C000010      0
021  000000        0
022 A000001 GOLDMAN, SACHS & CO.
022 B000001 13-5108880
022 C000001    239448
022 D000001      7410
022 A000002 LEHMAN BROTHERS COMMERCIAL PAPER
<PAGE>      PAGE  2
022 C000002    221660
022 D000002     12548
022 A000003 LEHMAN BROTHERS INC.
022 B000003 13-2518466
022 C000003    173597
022 D000003         0
022 A000004 LANSTON (AUBREY G.) & CO. INC.
022 B000004 13-5552129
022 C000004    130474
022 D000004         0
022 A000005 PAINEWEBBER INCORPORATED
022 B000005 13-2638166
022 C000005    127797
022 D000005         0
022 A000006 HSBC SECURITIES (U.S.A.) INC.
022 B000006 13-2650272
022 C000006     92403
022 D000006         0
022 A000007 CHASE SECURITIES INC.
022 B000007 13-3112953
022 C000007     82412
022 D000007         0
022 A000008 SALOMON SMITH BARNEY INC.
022 B000008 11-2418191
022 C000008     63640
022 D000008      4208
022 A000009 MERRILL LYNCH MONEY MARKET SECURITIES INC.
022 C000009     30097
022 D000009         0
022 A000010 CREDIT SUISSE FIRST BOSTON CORPORATION
022 B000010 13-5659485
022 C000010     29313
022 D000010         0
023 C000000    1307374
023 D000000      27268
026 A000000 N
026 B000000 Y
026 C000000 N
026 D000000 Y
026 E000000 N
026 F000000 N
026 G010000 N
026 G020000 N
026 H000000 N
027  000000 Y
077 A000000 Y
077 P000000 Y
078  000000 N
008 A000101 FUND ASSET MANAGEMENT, L.P.
008 B000101 A
008 C000101 801-12485
<PAGE>      PAGE  3
008 D010101 PRINCETON
008 D020101 NJ
008 D030101 08543
008 D040101 9011
010 A000101 FUND ASSET MANAGEMENT, L.P.
010 B000101 801-12485
010 C010101 PRINCETON
010 C020101 NJ
010 C030101 08543
010 C040101 9011
011 A000101 PRINCETON FUNDS DISTRIBUTOR, INC.
011 B000101 8-14663
011 C010101 PRINCETON
011 C020101 NJ
011 C030101 08543
011 C040101 9011
012 A000101 FINANCIAL DATA SERVICES, INC.
012 B000101 84-01339
012 C010101 JACKSONVILLE
012 C020101 FL
012 C030101 32246
012 C040101 6484
013 A000101 DELOITTE & TOUCHE LLP
013 B010101 PRINCETON
013 B020101 NJ
013 B030101 08540
014 A000101 MLPF&S AND OTHER ML BROKER/DEALER AFFILIATES
014 B000101 8-7221
015 A000101 THE BANK OF NEW YORK
015 B000101 C
015 C010101 NEW YORK
015 C020101 NY
015 C030101 10286
015 E010101 X
015 A000102 BANKERS TRUST COMPANY
015 B000102 S
015 C010102 NEW YORK
015 C020102 NY
015 C030102 10006
015 E010102 X
015 A000103 THE CHASE MANHATTAN BANK
015 B000103 S
015 C010103 NEW YORK
015 C020103 NY
015 C030103 10017
015 E010103 X
015 A000104 CUSTODIAL TRUST CO.
015 B000104 S
015 C010104 NEW YORK
015 C020104 NY
015 C030104 10167
<PAGE>      PAGE  4
015 E010104 X
015 A000105 MORGAN GUARANTY TRUST CO. OF NEW YORK
015 B000105 S
015 C010105 NEW YORK
015 C020105 NY
015 C030105 10260
015 E010105 X
018  000100 Y
019 A000100 Y
019 B000100  231
019 C000100 MERRILLLYN
024  000100 Y
025 A000101 PAINE WEBBER INC.
025 C000101 D
025 D000101   17408
025 A000102 LEHMAN BROTHERS HOLDINGS INC.
025 C000102 D
025 D000102    4926
025 A000103 GOLDMAN SACHS GROUP, INC.
025 C000103 D
025 D000103    1992
025 D000104       0
025 D000105       0
025 D000106       0
025 D000107       0
025 D000108       0
028 A010100     29606
028 A020100       592
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028 B020100       674
028 B030100         0
028 B040100     39324
028 C010100     50468
028 C020100       622
028 C030100         0
028 C040100     39558
028 D010100     47986
028 D020100       661
028 D030100         0
028 D040100     36974
028 E010100     62854
028 E020100       882
028 E030100         0
028 E040100     47486
028 F010100     64019
028 F020100       718
028 F030100         0
028 F040100     61200
028 G010100    299274
<PAGE>      PAGE  5
028 G020100      4149
028 G030100         0
028 G040100    261886
028 H000100         0
029  000100 N
030 A000100      0
030 B000100  0.00
030 C000100  0.00
034  000100 N
035  000100      0
036 B000100      0
037  000100 N
038  000100      0
039  000100 N
040  000100 Y
041  000100 Y
042 A000100   0
042 B000100   0
042 C000100 100
042 D000100   0
042 E000100   0
042 F000100   0
042 G000100   0
042 H000100   0
043  000100    666
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045  000100 Y
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047  000100 Y
048  000100  0.500
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048 A020100 0.000
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048 C010100        0
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048 K010100        0
<PAGE>      PAGE  6
048 K020100 0.000
049  000100 N
050  000100 N
051  000100 N
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053 A000100 Y
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053 C000100 N
054 A000100 Y
054 B000100 Y
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054 F000100 N
054 G000100 N
054 H000100 Y
054 I000100 N
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054 M000100 Y
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055 B000100 N
056  000100 Y
057  000100 N
058 A000100 N
059  000100 Y
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060 B000100 Y
061  000100        1
062 A000100 Y
062 B000100   0.0
062 C000100   3.4
062 D000100   6.6
062 E000100   0.0
062 F000100   0.0
062 G000100  12.8
062 H000100   0.0
062 I000100  43.6
062 J000100   0.0
062 K000100   0.0
062 L000100  34.6
062 M000100   0.0
062 N000100   0.0
062 O000100   0.0
062 P000100   0.0
062 Q000100   0.0
062 R000100   0.0
063 A000100  67
063 B000100  0.0
<PAGE>      PAGE  7
064 A000100 N
064 B000100 N
066 A000100 N
067  000100 N
068 A000100 N
068 B000100 N
069  000100 N
070 A010100 Y
070 A020100 Y
070 B010100 N
070 B020100 N
070 C010100 N
070 C020100 N
070 D010100 N
070 D020100 N
070 E010100 N
070 E020100 N
070 F010100 N
070 F020100 N
070 G010100 N
070 G020100 N
070 H010100 N
070 H020100 N
070 I010100 N
070 I020100 N
070 J010100 Y
070 J020100 N
070 K010100 Y
070 K020100 N
070 L010100 Y
070 L020100 Y
070 M010100 N
070 M020100 N
070 N010100 Y
070 N020100 N
070 O010100 Y
070 O020100 N
070 P010100 Y
070 P020100 N
070 Q010100 N
070 Q020100 N
070 R010100 N
070 R020100 N
071 A000100         0
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071 C000100         0
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<PAGE>      PAGE  8
072 E000100        0
072 F000100      587
072 G000100        7
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072 X000100     1493
072 Y000100       87
072 Z000100     4925
072AA000100        0
072BB000100        0
072CC010100        0
072CC020100       96
072DD010100     1360
072DD020100     3564
072EE000100        0
073 A010100   0.0239
073 A020100   0.0200
073 B000100   0.0000
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074 A000100       35
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074 C000100   249974
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074 O000100     4006
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<PAGE>      PAGE  9
074 R020100        0
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074 R040100     1860
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074 T000100   264772
074 U010100    77984
074 U020100   186920
074 V010100     0.00
074 V020100     0.00
074 W000100   0.0000
074 X000100     8435
074 Y000100        0
075 A000100   233012
075 B000100        0
076  000100     0.00
SIGNATURE   DONALD C. BURKE
TITLE       TREASURER



<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000353281
<NAME> FINANCIAL INSTITUTIONS SERIES TRUST
<SERIES>
   <NUMBER> 011
   <NAME> SUMMIT CASH RESERVES FUND

<S>                             <C>
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</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000353281
<NAME> FINANCIAL INSTITUTIONS SERIES TRUST
<SERIES>
   <NUMBER> 012
   <NAME> SUMMIT CASH RESERVES FUND

<S>                             <C>
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<EXPENSE-RATIO>                                   1.47


</TABLE>


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