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<PAGE> PAGE 2
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<PAGE> PAGE 3
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<PAGE> PAGE 4
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<PAGE> PAGE 5
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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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<PAGE> PAGE 13
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<PAGE> PAGE 14
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<PAGE> PAGE 15
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<PAGE> PAGE 16
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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 20
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<PAGE> PAGE 21
070 K020600 N
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<PAGE> PAGE 22
072EE000600 633
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015 A001001 INVESTORS BANK & TRUST CO.
015 B001001 C
015 C011001 BOSTON
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<PAGE> PAGE 23
028 B031000 0
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<PAGE> PAGE 24
061 001000 100000
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066 A001000 N
067 001000 N
068 A001000 N
068 B001000 N
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070 A011000 Y
070 A021000 Y
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070 E021000 Y
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070 H011000 Y
070 H021000 N
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070 I021000 N
070 J011000 Y
070 J021000 Y
070 K011000 Y
070 K021000 N
070 L011000 Y
070 L021000 Y
070 M011000 Y
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070 N011000 Y
<PAGE> PAGE 25
070 N021000 N
070 O011000 N
070 O021000 N
070 P011000 N
070 P021000 N
070 Q011000 N
070 Q021000 N
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<PAGE> PAGE 26
074 B001000 0
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015 A001201 INVESTORS BANK & TRUST CO.
015 B001201 C
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<PAGE> PAGE 27
025 A001205 BEAR STEARNS
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<PAGE> PAGE 28
048 E011200 0
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054 A001200 Y
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054 F001200 N
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054 H001200 Y
054 I001200 N
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054 L001200 N
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<PAGE> PAGE 29
062 L001200 0.0
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064 A001200 N
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070 P011200 N
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<PAGE> PAGE 30
070 R021200 N
071 A001200 76861
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<PAGE> PAGE 31
074 J001200 2166
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015 A001301 INVESTORS BANK & TRUST CO.
015 B001301 C
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<PAGE> PAGE 32
028 B021300 0
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<PAGE> PAGE 33
050 001300 N
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<PAGE> PAGE 34
069 001300 N
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<PAGE> PAGE 35
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<PAGE> PAGE 36
074 U021300 0
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015 A001701 INVESTORS BANK & TRUST CO.
015 B001701 C
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<PAGE> PAGE 37
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066 A001700 N
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<PAGE> PAGE 38
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<PAGE> PAGE 39
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<PAGE> PAGE 40
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015 A001901 INVESTORS BANK & TRUST CO.
015 B001901 C
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048 C021900 0.000
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048 E021900 0.000
<PAGE> PAGE 41
048 F011900 0
048 F021900 0.000
048 G011900 0
048 G021900 0.000
048 H011900 0
048 H021900 0.000
048 I011900 0
048 I021900 0.000
048 J011900 0
048 J021900 0.000
048 K011900 0
048 K021900 0.000
058 A001900 N
059 001900 Y
060 A001900 Y
060 B001900 Y
061 001900 100000
062 A001900 N
062 B001900 0.0
062 C001900 0.0
062 D001900 0.0
062 E001900 0.0
062 F001900 0.0
062 G001900 0.0
062 H001900 0.0
062 I001900 0.0
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062 K001900 0.0
062 L001900 0.0
062 M001900 0.0
062 N001900 0.0
062 O001900 0.0
062 P001900 0.0
062 Q001900 0.0
062 R001900 0.0
066 A001900 N
067 001900 N
068 A001900 N
068 B001900 N
069 001900 N
070 A011900 Y
070 A021900 N
070 B011900 Y
070 B021900 N
070 C011900 Y
070 C021900 N
070 D011900 Y
070 D021900 N
070 E011900 Y
070 E021900 N
070 F011900 Y
<PAGE> PAGE 42
070 F021900 N
070 G011900 Y
070 G021900 N
070 H011900 Y
070 H021900 N
070 I011900 N
070 I021900 N
070 J011900 Y
070 J021900 N
070 K011900 Y
070 K021900 N
070 L011900 Y
070 L021900 N
070 M011900 Y
070 M021900 N
070 N011900 N
070 N021900 N
070 O011900 N
070 O021900 N
070 P011900 N
070 P021900 N
070 Q011900 N
070 Q021900 N
070 R011900 Y
070 R021900 N
071 A001900 0
071 B001900 0
071 C001900 0
071 D001900 0
072 A001900 7
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072 D001900 0
072 E001900 -3
072 F001900 0
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<PAGE> PAGE 43
072 W001900 3
072 X001900 37
072 Y001900 35
072 Z001900 51
072AA001900 4
072BB001900 0
072CC011900 0
072CC021900 27
072DD011900 0
072DD021900 0
072EE001900 0
073 A011900 0.0000
073 A021900 0.0000
073 B001900 0.0000
073 C001900 0.0000
074 A001900 0
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074 D001900 0
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074 H001900 0
074 I001900 14
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074 N001900 24
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074 R011900 0
074 R021900 0
074 R031900 0
074 R041900 9
074 S001900 0
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074 U011900 1
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074 V011900 20.26
074 V021900 0.00
074 W001900 0.0000
074 X001900 1
074 Y001900 0
075 A001900 0
075 B001900 1373
076 001900 0.00
015 A002101 INVESTORS BANK & TRUST CO.
015 B002101 C
015 C012101 BOSTON
<PAGE> PAGE 44
015 C022101 MA
015 C032101 02117
015 E042101 X
024 002100 N
028 A012100 0
028 A022100 0
028 A032100 0
028 A042100 0
028 B012100 0
028 B022100 0
028 B032100 0
028 B042100 0
028 C012100 0
028 C022100 0
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028 G032100 0
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028 H002100 0
045 002100 Y
046 002100 N
047 002100 Y
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<PAGE> PAGE 45
048 H012100 0
048 H022100 0.000
048 I012100 0
048 I022100 0.000
048 J012100 0
048 J022100 0.000
048 K012100 0
048 K022100 0.000
049 002100 N
050 002100 N
051 002100 N
052 002100 N
053 A002100 N
054 A002100 Y
054 B002100 Y
054 C002100 N
054 D002100 N
054 E002100 N
054 F002100 N
054 G002100 Y
054 H002100 Y
054 I002100 N
054 J002100 Y
054 K002100 N
054 L002100 N
054 M002100 Y
054 N002100 N
054 O002100 N
058 A002100 N
059 002100 Y
060 A002100 Y
060 B002100 N
061 002100 100000
062 A002100 Y
062 B002100 0.0
062 C002100 0.0
062 D002100 0.0
062 E002100 0.0
062 F002100 0.0
062 G002100 0.0
062 H002100 0.0
062 I002100 0.0
062 J002100 0.0
062 K002100 0.0
062 L002100 0.0
062 M002100 0.0
062 N002100 0.0
062 O002100 0.0
062 P002100 0.0
062 Q002100 96.9
062 R002100 0.0
<PAGE> PAGE 46
063 A002100 0
063 B002100 7.3
064 A002100 N
064 B002100 N
066 A002100 N
067 002100 N
068 A002100 N
068 B002100 Y
069 002100 N
070 A012100 Y
070 A022100 Y
070 B012100 Y
070 B022100 N
070 C012100 Y
070 C022100 Y
070 D012100 Y
070 D022100 N
070 E012100 Y
070 E022100 Y
070 F012100 Y
070 F022100 N
070 G012100 Y
070 G022100 N
070 H012100 Y
070 H022100 N
070 I012100 N
070 I022100 N
070 J012100 Y
070 J022100 Y
070 K012100 Y
070 K022100 N
070 L012100 Y
070 L022100 Y
070 M012100 Y
070 M022100 Y
070 N012100 Y
070 N022100 N
070 O012100 N
070 O022100 N
070 P012100 N
070 P022100 N
070 Q012100 N
070 Q022100 N
070 R012100 Y
070 R022100 N
071 A002100 28645
071 B002100 0
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071 D002100 0
072 A002100 1
072 B002100 0
<PAGE> PAGE 47
072 C002100 0
072 D002100 0
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072 L002100 0
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072 N002100 0
072 O002100 0
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073 A012100 0.0000
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074 B002100 0
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074 D002100 28645
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<PAGE> PAGE 48
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074 V022100 0.00
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048 002300 0.000
048 A012300 0
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048 D022300 0.000
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048 E022300 0.000
048 F012300 0
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048 G012300 0
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SIGNATURE DENISE KNEELAND
TITLE VICE PRESIDENT
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
This schedule contains summary financial information
extracted from Standish, Ayer & Wood Investment Trust
form N-SAR for the six months ended June 30, 1999
and is qualified in its entirety by reference to
such financial statements.
</LEGEND>
<SERIES>
<NUMBER> 001
<NAME> Standish Fixed Income Fund Series
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> DEC-31-1999
<PERIOD-END> JUN-30-1999
<INVESTMENTS-AT-COST> 0
<INVESTMENTS-AT-VALUE> 3,211,587,085
<RECEIVABLES> 1,019,855
<ASSETS-OTHER> 2,214
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 3,212,609,154
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 12,482,256
<TOTAL-LIABILITIES> 12,482,256
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 3,359,224,791
<SHARES-COMMON-STOCK> 164,601,948
<SHARES-COMMON-PRIOR> 168,534,473
<ACCUMULATED-NII-CURRENT> 20,087,007
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (28,186,093)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> (150,998,807)
<NET-ASSETS> 3,200,126,898
<DIVIDEND-INCOME> 2,876,772
<INTEREST-INCOME> 116,488,591
<OTHER-INCOME> (5,843,868)
<EXPENSES-NET> 230,399
<NET-INVESTMENT-INCOME> 113,291,096
<REALIZED-GAINS-CURRENT> (24,537,151)
<APPREC-INCREASE-CURRENT> (97,369,896)
<NET-CHANGE-FROM-OPS> (8,615,951)
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 99,007,170
<DISTRIBUTIONS-OF-GAINS> 5,299,644
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 8,114,329
<NUMBER-OF-SHARES-REDEEMED> (16,296,519)
<SHARES-REINVESTED> 4,249,665
<NET-CHANGE-IN-ASSETS> (192,442,730)
<ACCUMULATED-NII-PRIOR> 5,803,081
<ACCUMULATED-GAINS-PRIOR> 1,650,702
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 0
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 230,399
<AVERAGE-NET-ASSETS> 3,363,516,301
<PER-SHARE-NAV-BEGIN> 20.13
<PER-SHARE-NII> 0.69
<PER-SHARE-GAIN-APPREC> (0.75)
<PER-SHARE-DIVIDEND> (0.60)
<PER-SHARE-DISTRIBUTIONS> (0.03)
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 19.44
<EXPENSE-RATIO> 0.36
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
This schedule contains summary financial information
extracted from Standish, Ayer & Wood Investment Trust
form N-SAR for the six months ended June 30, 1999
and is qualified in its entirety by reference to
such financial statements.
</LEGEND>
<SERIES>
<NUMBER> 003
<NAME> Standish Short Term Asset Reserve Fund
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> DEC-31-1999
<PERIOD-END> JUN-30-1999
<INVESTMENTS-AT-COST> 0
<INVESTMENTS-AT-VALUE> 253,195,036
<RECEIVABLES> 192,816
<ASSETS-OTHER> 679
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 253,388,531
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 222,114
<TOTAL-LIABILITIES> 222,114
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 266,293,390
<SHARES-COMMON-STOCK> 13,090,104
<SHARES-COMMON-PRIOR> 13,376,420
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> (251,900)
<ACCUMULATED-NET-GAINS> (11,903,096)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> (971,977)
<NET-ASSETS> 253,166,417
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 7,141,433
<OTHER-INCOME> (391,917)
<EXPENSES-NET> 39,086
<NET-INVESTMENT-INCOME> 6,710,430
<REALIZED-GAINS-CURRENT> (746,414)
<APPREC-INCREASE-CURRENT> (451,644)
<NET-CHANGE-FROM-OPS> 5,512,372
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 6,710,430
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 6,670,931
<NUMBER-OF-SHARES-REDEEMED> (7,240,163)
<SHARES-REINVESTED> 282,916
<NET-CHANGE-IN-ASSETS> (6,837,659)
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> (11,156,682)
<OVERDISTRIB-NII-PRIOR> (251,900)
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 0
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 39,086
<AVERAGE-NET-ASSETS> 241,523,161
<PER-SHARE-NAV-BEGIN> 19.44
<PER-SHARE-NII> 0.54
<PER-SHARE-GAIN-APPREC> (0.10)
<PER-SHARE-DIVIDEND> (0.54)
<PER-SHARE-DISTRIBUTIONS> 0.00
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 19.34
<EXPENSE-RATIO> 0.36
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
This schedule contains summary financial information
extracted from Standish, Ayer & Wood Investment Trust
form N-SAR for the six months ended June 30, 1999
and is qualified in its entirety by reference to
such financial statements.
</LEGEND>
<SERIES>
<NUMBER> 004
<NAME> Standish Securitized Fund Series
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> DEC-31-1999
<PERIOD-END> JUN-30-1999
<INVESTMENTS-AT-COST> 44,461,060
<INVESTMENTS-AT-VALUE> 43,748,825
<RECEIVABLES> 1,499,784
<ASSETS-OTHER> 275,633
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 45,524,242
<PAYABLE-FOR-SECURITIES> 2,762,430
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 613,427
<TOTAL-LIABILITIES> 3,375,857
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 44,263,980
<SHARES-COMMON-STOCK> 2,148,284
<SHARES-COMMON-PRIOR> 1,977,246
<ACCUMULATED-NII-CURRENT> 159,569
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (1,533,342)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> (741,822)
<NET-ASSETS> 42,148,385
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 1,468,685
<OTHER-INCOME> 0
<EXPENSES-NET> 94,469
<NET-INVESTMENT-INCOME> 1,374,216
<REALIZED-GAINS-CURRENT> (510,473)
<APPREC-INCREASE-CURRENT> (1,140,219)
<NET-CHANGE-FROM-OPS> (276,476)
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 1,070,239
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 160,699
<NUMBER-OF-SHARES-REDEEMED> (14)
<SHARES-REINVESTED> 10,353
<NET-CHANGE-IN-ASSETS> 2,097,668
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> (1,022,869)
<OVERDISTRIB-NII-PRIOR> (144,411)
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 52,483
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 126,149
<AVERAGE-NET-ASSETS> 42,346,167
<PER-SHARE-NAV-BEGIN> 20.26
<PER-SHARE-NII> 0.65
<PER-SHARE-GAIN-APPREC> (0.79)
<PER-SHARE-DIVIDEND> (0.50)
<PER-SHARE-DISTRIBUTIONS> 0.00
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 19.62
<EXPENSE-RATIO> 0.45
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
This schedule contains summary financial information
extracted from Standish, Ayer & Wood Investment Trust
form N-SAR for the six months ended June 30, 1999
and is qualified in its entirety by reference to
such financial statements.
</LEGEND>
<SERIES>
<NUMBER> 006
<NAME> Standish International Fixed Income Fund Ser
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> DEC-31-1999
<PERIOD-END> JUN-30-1999
<INVESTMENTS-AT-COST> 1,581,959,064
<INVESTMENTS-AT-VALUE> 1,482,338,293
<RECEIVABLES> 114,438,999
<ASSETS-OTHER> 51,966,723
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 1,648,744,015
<PAYABLE-FOR-SECURITIES> 107,917,904
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 56,470,214
<TOTAL-LIABILITIES> 164,388,118
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 1,457,062,152
<SHARES-COMMON-STOCK> 64,512,318
<SHARES-COMMON-PRIOR> 58,238,602
<ACCUMULATED-NII-CURRENT> 46,368,652
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 39,947,612
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> (59,022,519)
<NET-ASSETS> 1,484,355,897
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 46,322,437
<OTHER-INCOME> 0
<EXPENSES-NET> 3,725,005
<NET-INVESTMENT-INCOME> 42,597,432
<REALIZED-GAINS-CURRENT> 40,081,013
<APPREC-INCREASE-CURRENT> (66,473,908)
<NET-CHANGE-FROM-OPS> 16,204,537
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 31,318,412
<DISTRIBUTIONS-OF-GAINS> 633,288
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 10,303,564
<NUMBER-OF-SHARES-REDEEMED> (5,116,495)
<SHARES-REINVESTED> 1,086,647
<NET-CHANGE-IN-ASSETS> 131,972,471
<ACCUMULATED-NII-PRIOR> 35,089,632
<ACCUMULATED-GAINS-PRIOR> 499,887
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 2,890,109
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 3,725,005
<AVERAGE-NET-ASSETS> 1,457,924,079
<PER-SHARE-NAV-BEGIN> 23.22
<PER-SHARE-NII> 0.62
<PER-SHARE-GAIN-APPREC> (0.32)
<PER-SHARE-DIVIDEND> (0.50)
<PER-SHARE-DISTRIBUTIONS> (0.01)
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 23.01
<EXPENSE-RATIO> 0.52
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
This schedule contains summary financial information
extracted from Standish, Ayer & Wood Investment Trust
form N-SAR for the six months ended June 30, 1999
and is qualified in its entirety by reference to
such financial statements.
</LEGEND>
<SERIES>
<NUMBER> 010
<NAME> Standish Global Fixed Income Fund Series
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> DEC-31-1999
<PERIOD-END> JUN-30-1999
<INVESTMENTS-AT-COST> 0
<INVESTMENTS-AT-VALUE> 464,155,069
<RECEIVABLES> 0
<ASSETS-OTHER> 859
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 464,155,928
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 2,600,308
<TOTAL-LIABILITIES> 2,600,308
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 469,724,727
<SHARES-COMMON-STOCK> 23,210,183
<SHARES-COMMON-PRIOR> 22,610,637
<ACCUMULATED-NII-CURRENT> 6,512,662
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 2,665,637
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> (17,347,406)
<NET-ASSETS> 461,555,620
<DIVIDEND-INCOME> 41,130
<INTEREST-INCOME> 16,004,647
<OTHER-INCOME> (1,178,616)
<EXPENSES-NET> 58,134
<NET-INVESTMENT-INCOME> 14,809,027
<REALIZED-GAINS-CURRENT> 2,746,814
<APPREC-INCREASE-CURRENT> (15,241,468)
<NET-CHANGE-FROM-OPS> 2,314,373
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 11,428,787
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 564,720
<NUMBER-OF-SHARES-REDEEMED> (370,864)
<SHARES-REINVESTED> 405,690
<NET-CHANGE-IN-ASSETS> 3,030,086
<ACCUMULATED-NII-PRIOR> 3,132,422
<ACCUMULATED-GAINS-PRIOR> (81,177)
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 0
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 58,134
<AVERAGE-NET-ASSETS> 465,813,926
<PER-SHARE-NAV-BEGIN> 20.28
<PER-SHARE-NII> 0.64
<PER-SHARE-GAIN-APPREC> (0.53)
<PER-SHARE-DIVIDEND> (0.50)
<PER-SHARE-DISTRIBUTIONS> 0.00
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 19.89
<EXPENSE-RATIO> 0.54
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
This schedule contains summary financial information
extracted from Standish, Ayer & Wood Investment Trust
form N-SAR for the six months ended June 30, 1999
and is qualified in its entirety by reference to
such financial statements.
</LEGEND>
<SERIES>
<NUMBER> 012
<NAME> Standish Fixed Income Fund Series II Fund Se
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> DEC-31-1999
<PERIOD-END> JUN-30-1999
<INVESTMENTS-AT-COST> 79,679,964
<INVESTMENTS-AT-VALUE> 76,964,228
<RECEIVABLES> 2,953,472
<ASSETS-OTHER> 7,705
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 79,925,405
<PAYABLE-FOR-SECURITIES> 4,402,387
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 643,735
<TOTAL-LIABILITIES> 5,046,122
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 79,363,959
<SHARES-COMMON-STOCK> 4,202,923
<SHARES-COMMON-PRIOR> 4,189,732
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> (25,889)
<ACCUMULATED-NET-GAINS> 0
<OVERDISTRIBUTION-GAINS> (1,673,350)
<ACCUM-APPREC-OR-DEPREC> (2,785,437)
<NET-ASSETS> 74,879,283
<DIVIDEND-INCOME> 17,062
<INTEREST-INCOME> 2,490,208
<OTHER-INCOME> 0
<EXPENSES-NET> 144,525
<NET-INVESTMENT-INCOME> 2,362,745
<REALIZED-GAINS-CURRENT> (1,661,796)
<APPREC-INCREASE-CURRENT> (1,223,916)
<NET-CHANGE-FROM-OPS> (522,967)
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 2,388,634
<DISTRIBUTIONS-OF-GAINS> 301,075
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 513,041
<NUMBER-OF-SHARES-REDEEMED> (624,116)
<SHARES-REINVESTED> 124,266
<NET-CHANGE-IN-ASSETS> (3,029,385)
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 289,521
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 144,534
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 233,458
<AVERAGE-NET-ASSETS> 72,849,213
<PER-SHARE-NAV-BEGIN> 18.60
<PER-SHARE-NII> 0.59
<PER-SHARE-GAIN-APPREC> (0.70)
<PER-SHARE-DIVIDEND> (0.60)
<PER-SHARE-DISTRIBUTIONS> (0.07)
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 17.82
<EXPENSE-RATIO> 0.40
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
This schedule contains summary financial information
extracted from Standish, Ayer & Wood Investment Trust
form N-SAR for the six months ended June 30, 1999
and is qualified in its entirety by reference to
such financial statements.
</LEGEND>
<SERIES>
<NUMBER> 013
<NAME> Standish Controlled Maturity Fund Series
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> DEC-31-1999
<PERIOD-END> JUN-30-1999
<INVESTMENTS-AT-COST> 21,798,596
<INVESTMENTS-AT-VALUE> 21,552,285
<RECEIVABLES> 241,029
<ASSETS-OTHER> 5,700
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 21,799,014
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 3,392,846
<TOTAL-LIABILITIES> 3,392,846
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 18,846,737
<SHARES-COMMON-STOCK> 936,646
<SHARES-COMMON-PRIOR> 1,337,951
<ACCUMULATED-NII-CURRENT> 47,790
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (243,471)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> (244,888)
<NET-ASSETS> 18,406,168
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 727,500
<OTHER-INCOME> 0
<EXPENSES-NET> 33,001
<NET-INVESTMENT-INCOME> 694,499
<REALIZED-GAINS-CURRENT> (133,042)
<APPREC-INCREASE-CURRENT> (130,797)
<NET-CHANGE-FROM-OPS> 430,660
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (645,073)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 126,769
<NUMBER-OF-SHARES-REDEEMED> (554,641)
<SHARES-REINVESTED> 26,567
<NET-CHANGE-IN-ASSETS> (8,173,049)
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> (110,429)
<OVERDISTRIB-NII-PRIOR> (1,636)
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 33,000
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 96,929
<AVERAGE-NET-ASSETS> 22,158,909
<PER-SHARE-NAV-BEGIN> 19.87
<PER-SHARE-NII> 0.65
<PER-SHARE-GAIN-APPREC> (0.27)
<PER-SHARE-DIVIDEND> (0.60)
<PER-SHARE-DISTRIBUTIONS> 0.00
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 19.65
<EXPENSE-RATIO> 0.30
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
This schedule contains summary financial information
extracted from Standish, Ayer & Wood Investment Trust
form N-SAR for the six months ended June 30, 1999
and is qualified in its entirety by reference to
such financial statements.
</LEGEND>
<SERIES>
<NUMBER> 017
<NAME> Standish Diversified Income Fund Series
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> DEC-31-1999
<PERIOD-END> JUN-30-1999
<INVESTMENTS-AT-COST> 0
<INVESTMENTS-AT-VALUE> 34,707,845
<RECEIVABLES> 0
<ASSETS-OTHER> 10,972
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 34,718,817
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 471,747
<TOTAL-LIABILITIES> 471,747
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 38,711,095
<SHARES-COMMON-STOCK> 1,816,119
<SHARES-COMMON-PRIOR> 2,126,684
<ACCUMULATED-NII-CURRENT> 535,682
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (2,200,337)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> (2,799,370)
<NET-ASSETS> 34,247,070
<DIVIDEND-INCOME> 31,379
<INTEREST-INCOME> 1,676,319
<OTHER-INCOME> 0
<EXPENSES-NET> 0
<NET-INVESTMENT-INCOME> 1,707,698
<REALIZED-GAINS-CURRENT> (145,744)
<APPREC-INCREASE-CURRENT> (780,685)
<NET-CHANGE-FROM-OPS> 781,269
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (1,090,362)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 13,348
<NUMBER-OF-SHARES-REDEEMED> (332,212)
<SHARES-REINVESTED> 8,300
<NET-CHANGE-IN-ASSETS> (6,210,270)
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> (2,054,593)
<OVERDISTRIB-NII-PRIOR> (81,654)
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 0
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 35,291
<AVERAGE-NET-ASSETS> 35,046,723
<PER-SHARE-NAV-BEGIN> 19.02
<PER-SHARE-NII> 0.93
<PER-SHARE-GAIN-APPREC> (0.49)
<PER-SHARE-DIVIDEND> (0.60)
<PER-SHARE-DISTRIBUTIONS> 0.00
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 18.86
<EXPENSE-RATIO> 0.00
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
This schedule contains summary financial information
extracted from Standish, Ayer & Wood Investment Trust
form N-SAR for the six months ended June 30, 1999
and is qualified in its entirety by reference to
such financial statements.
</LEGEND>
<SERIES>
<NUMBER> 019
<NAME> Standish Fixed Income Asset Fund Series
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> DEC-31-1999
<PERIOD-END> JUN-30-1999
<INVESTMENTS-AT-COST> 0
<INVESTMENTS-AT-VALUE> 0
<RECEIVABLES> 0
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 0
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 0
<TOTAL-LIABILITIES> 0
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 27,915
<SHARES-COMMON-STOCK> 0
<SHARES-COMMON-PRIOR> 0
<ACCUMULATED-NII-CURRENT> 2,747
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 0
<OVERDISTRIBUTION-GAINS> (3,180)
<ACCUM-APPREC-OR-DEPREC> (27,482)
<NET-ASSETS> 0
<DIVIDEND-INCOME> 3
<INTEREST-INCOME> 111
<OTHER-INCOME> 5
<EXPENSES-NET> 70
<NET-INVESTMENT-INCOME> 49
<REALIZED-GAINS-CURRENT> 0
<APPREC-INCREASE-CURRENT> (27,467)
<NET-CHANGE-FROM-OPS> (27,419)
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 41
<NUMBER-OF-SHARES-REDEEMED> (14,785)
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> (27,419)
<ACCUMULATED-NII-PRIOR> 2,710
<ACCUMULATED-GAINS-PRIOR> (3,179)
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 0
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 14,092
<AVERAGE-NET-ASSETS> 1,972
<PER-SHARE-NAV-BEGIN> 20.26
<PER-SHARE-NII> 0.00
<PER-SHARE-GAIN-APPREC> 0.00
<PER-SHARE-DIVIDEND> 0.00
<PER-SHARE-DISTRIBUTIONS> 0.00
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 0.00
<EXPENSE-RATIO> 0.00
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
This schedule contains summary financial information
extracted from Standish, Ayer & Wood Investment Trust
form N-SAR for the six months ended June 30, 1999
and is qualified in its entirety by reference to
such financial statements.
</LEGEND>
<SERIES>
<NUMBER> 021
<NAME> Standish International Fixed Income Fund II
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> DEC-31-1999
<PERIOD-END> JUN-30-1999
<INVESTMENTS-AT-COST> 28,645,466
<INVESTMENTS-AT-VALUE> 28,645,466
<RECEIVABLES> 30,287,427
<ASSETS-OTHER> 100
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 58,932,993
<PAYABLE-FOR-SECURITIES> 29,358,416
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 0
<TOTAL-LIABILITIES> 29,358,416
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 29,574,477
<SHARES-COMMON-STOCK> 1,478,729
<SHARES-COMMON-PRIOR> 0
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 0
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 0
<NET-ASSETS> 29,574,477
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 0
<OTHER-INCOME> 0
<EXPENSES-NET> 0
<NET-INVESTMENT-INCOME> 0
<REALIZED-GAINS-CURRENT> 0
<APPREC-INCREASE-CURRENT> 0
<NET-CHANGE-FROM-OPS> 0
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 1,478,729
<NUMBER-OF-SHARES-REDEEMED> 0
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> 0
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 0
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 0
<AVERAGE-NET-ASSETS> 0
<PER-SHARE-NAV-BEGIN> 20.00
<PER-SHARE-NII> 0.00
<PER-SHARE-GAIN-APPREC> 0.00
<PER-SHARE-DIVIDEND> 0.00
<PER-SHARE-DISTRIBUTIONS> 0.00
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 20.00
<EXPENSE-RATIO> 0.00
</TABLE>
