<PAGE> PAGE 1
000 A000000 06/30/96
000 C000000 0000802209
000 D000000 N
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000 H000000 N
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000 J000000 A
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001 C000000 2125765773
002 A000000 51 MADISON AVENUE
002 B000000 NEW YORK
002 C000000 NY
002 D010000 10010
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004 000000 N
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<PAGE> PAGE 2
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020 A000001 STANDARD AND POOR'S SECURITIES
020 B000001 13-2671951
020 C000001 232
020 A000002 INSTINET CORPORATION
020 B000002 13-3443395
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020 A000003 BEAR STEARNS AND COMPANY, INC.
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020 A000004 OPPENHEIMER AND CO. INC.
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<PAGE> PAGE 3
020 A000005 U.S. CLEARING CORPORATION
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020 A000006 PAINEWEBBER, INC.
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<PAGE> PAGE 4
022 A000009 PRUDENTIAL SECURITIES, INC.
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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 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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SIGNATURE JENNIFER B. MCHUGH
TITLE ATTORNEY
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000802209
<NAME> ECLIPSE FINANCIAL ASSET TRUST
<SERIES>
<NUMBER> 01
<NAME> ECLIPSE EQUITY FUND
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<S> <C>
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<APPREC-INCREASE-CURRENT> (9,128,540)
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<NAME> ECLIPSE FINANCIAL ASSET TRUST
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<NUMBER> 02
<NAME> ECLIPSE BALANCED FUND
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<S> <C>
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<NAME> ECLIPSE ULTRA SHORT TERM INCOME FUND
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<S> <C>
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<CIK> 0000802209
<NAME> ECLIPSE FINANCIAL ASSET TRUST
<SERIES>
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<NAME> ECLIPSE GROWTH AND INCOME FUND
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<S> <C>
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