<PAGE> PAGE 1
000 B000000 12/31/94
000 C000000 0000872822
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 THE BRAZILIAN INVESTMENT FUND, INC.
001 B000000 811-6248
001 C000000 6175578732
002 A000000 73 TREMONT STREET
002 B000000 BOSTON
002 C000000 MA
002 D010000 02108
003 000000 N
004 000000 N
005 000000 N
006 000000 N
007 A000000 N
007 B000000 0
007 C010100 1
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
008 A000001 MORGAN STANLEY ASSET MANAGEMENT INC.
008 B000001 A
008 C000001 801-15757
008 D010001 NEW YORK
008 D020001 NY
008 D030001 10020
008 A000002 DELETE
010 A000001 THE UNITED STATES TRUST COMPANY OF NEW YORK
010 B000001 84-1719
010 C010001 BOSTON
010 C020001 MA
010 C030001 02108
010 A000002 UNIBANCO-UNAIO DE BANCOS BRASILIEROS SA
010 C010002 SAO PAOLO
010 C050002 BRAZIL
012 A000001 THE UNITED STATES TRUST COMPANY OF NEW YORK
012 B000001 84-1719000
012 C010001 BOSTON
012 C020001 MA
<PAGE> PAGE 2
012 C030001 02108
013 A000001 PRICE WATERHOUSE LLP
013 B010001 NEW YORK
013 B020001 NY
013 B030001 10036
014 A000001 UNIBANCO CORRETORA DE VALORES MOBILIARIOS, S.
014 B000001 8-00000000
015 A000001 UNIBANCO-UNIAO DE BANCOS BRASILEIROS S.A.
015 B000001 C
015 C010001 SAO PAULO
015 D010001 BRAZIL
015 E040001 X
015 A000002 THE UNITED STATES TRUST COMPANY OF NEW YORK
015 B000002 C
015 C010002 NEW YORK
015 C020002 NY
015 C030002 10003
015 E010002 X
018 000000 Y
019 A000000 N
019 B000000 0
020 A000001 BANCO DE GARANTIA
020 C000001 34
020 A000002 BEAR STEARNS
020 B000002 13-3299429
020 C000002 31
020 A000003 BARING SECURITIES
020 B000003 04-2455153
020 C000003 23
020 A000004 BOZANO
020 C000004 23
020 A000005 CS FIRST BOSTON
020 B000005 13-5659485
020 C000005 15
020 A000006 UNIBANCO CORRETORA DE VALORES
020 C000006 15
020 A000007 SALOMON BROTHERS, INC.
020 B000007 13-3082694
020 C000007 13
020 A000008 BANCO TENDENCIA S.A.
020 C000008 12
020 A000009 LATINVEST
020 C000009 9
020 A000010 BANCO PATRIMONIO
020 C000010 6
021 000000 215
022 A000001 UNIBANCO
022 C000001 14861
022 D000001 13524
022 A000002 U.S. TRUST COMPANY OF NEW YORK
022 B000002 13-5459866
<PAGE> PAGE 3
022 C000002 16783
022 D000002 0
022 A000003 J.P. MORGAN SECURITIES
022 B000003 13-3224016
022 C000003 11726
022 D000003 378
022 A000004 GARANTIA
022 C000004 2804
022 D000004 0
022 A000005 BEAR-STEARNS & CO.
022 B000005 13-3299429
022 C000005 2553
022 D000005 0
022 A000006 BANCO FRANCES
022 C000006 1479
022 D000006 0
022 A000007 MORGAN STANLEY
022 B000007 13-2655998
022 C000007 0
022 D000007 1198
022 A000008 BOZANO
022 C000008 0
022 D000008 749
022 A000009 MERRILL LYNCH
022 B000009 13-5674085
022 C000009 501
022 D000009 0
022 A000010 SALOMON BROTHERS
022 B000010 13-3082694
022 C000010 205
022 D000010 0
023 C000000 51656
023 D000000 15850
024 000000 N
026 A000000 N
026 B000000 Y
026 C000000 Y
026 D000000 Y
026 E000000 N
026 F000000 N
026 G010000 N
026 G020000 N
026 H000000 Y
027 000000 N
045 000000 Y
046 000000 Y
047 000000 Y
048 000000 0.000
048 A010000 50000
048 A020000 0.900
048 B010000 50000
<PAGE> PAGE 4
048 B020000 0.700
048 C010000 0
048 C020000 0.000
048 D010000 0
048 D020000 0.000
048 E010000 0
048 E020000 0.000
048 F010000 0
048 F020000 0.000
048 G010000 0
048 G020000 0.000
048 H010000 0
048 H020000 0.000
048 I010000 0
048 I020000 0.000
048 J010000 0
048 J020000 0.000
048 K010000 100000
048 K020000 0.500
049 000000 N
050 000000 N
051 000000 N
052 000000 N
053 A000000 N
054 A000000 Y
054 B000000 Y
054 C000000 N
054 D000000 N
054 E000000 N
054 F000000 N
054 G000000 N
054 H000000 Y
054 I000000 N
054 J000000 Y
054 K000000 N
054 L000000 N
054 M000000 Y
054 N000000 N
054 O000000 N
055 A000000 Y
055 B000000 N
056 000000 Y
057 000000 N
058 A000000 N
059 000000 Y
060 A000000 N
060 B000000 N
061 000000 0
062 A000000 N
062 B000000 0.0
062 C000000 0.0
<PAGE> PAGE 5
062 D000000 0.0
062 E000000 0.0
062 F000000 0.0
062 G000000 0.0
062 H000000 0.0
062 I000000 0.0
062 J000000 0.0
062 K000000 0.0
062 L000000 0.0
062 M000000 0.0
062 N000000 0.0
062 O000000 0.0
062 P000000 0.0
062 Q000000 0.0
062 R000000 0.0
066 A000000 Y
066 B000000 N
066 C000000 Y
066 D000000 N
066 E000000 N
066 F000000 N
066 G000000 N
067 000000 N
068 A000000 N
068 B000000 Y
069 000000 N
070 A010000 Y
070 A020000 Y
070 B010000 Y
070 B020000 Y
070 C010000 N
070 C020000 N
070 D010000 Y
070 D020000 N
070 E010000 N
070 E020000 N
070 F010000 Y
070 F020000 N
070 G010000 N
070 G020000 N
070 H010000 N
070 H020000 N
070 I010000 N
070 I020000 N
070 J010000 Y
070 J020000 N
070 K010000 Y
070 K020000 Y
070 L010000 Y
070 L020000 Y
070 M010000 Y
<PAGE> PAGE 6
070 M020000 Y
070 N010000 N
070 N020000 N
070 O010000 Y
070 O020000 Y
070 P010000 Y
070 P020000 N
070 Q010000 N
070 Q020000 N
070 R010000 N
070 R020000 N
071 A000000 37250
071 B000000 43938
071 C000000 72043
071 D000000 52
072 A000000 12
072 B000000 6
072 C000000 883
072 D000000 0
072 E000000 0
072 F000000 646
072 G000000 257
072 H000000 0
072 I000000 0
072 J000000 5
072 K000000 0
072 L000000 17
072 M000000 47
072 N000000 0
072 O000000 92
072 P000000 0
072 Q000000 0
072 R000000 49
072 S000000 68
072 T000000 0
072 U000000 89
072 V000000 0
072 W000000 65
072 X000000 1335
072 Y000000 0
072 Z000000 -446
072AA000000 24552
072BB000000 524
072CC010000 10907
072CC020000 0
072DD010000 1122
072DD020000 0
072EE000000 4148
073 A010000 1.8000
073 A020000 0.0000
073 B000000 6.6500
<PAGE> PAGE 7
073 C000000 0.0000
074 A000000 0
074 B000000 0
074 C000000 0
074 D000000 0
074 E000000 65905
074 F000000 12715
074 G000000 1516
074 H000000 0
074 I000000 54
074 J000000 1954
074 K000000 0
074 L000000 54
074 M000000 158
074 N000000 82356
074 O000000 90
074 P000000 85
074 Q000000 0
074 R010000 0
074 R020000 0
074 R030000 0
074 R040000 917
074 S000000 0
074 T000000 81264
074 U010000 625
074 U020000 0
074 V010000 129.97
074 V020000 0.00
074 W000000 0.0000
074 X000000 63
074 Y000000 0
075 A000000 0
075 B000000 73252
076 000000 0.00
077 A000000 Y
077 B000000 Y
078 000000 N
080 A000000 ICI MUTUAL INSURANCE COMPANY
080 C000000 20000
081 A000000 Y
081 B000000 47
082 A000000 N
082 B000000 0
083 A000000 N
083 B000000 0
084 A000000 N
084 B000000 0
085 A000000 Y
085 B000000 N
086 A010000 55
086 A020000 5665
<PAGE> PAGE 8
086 B010000 54
086 B020000 5827
086 C010000 0
086 C020000 0
086 D010000 0
086 D020000 0
086 E010000 0
086 E020000 0
086 F010000 0
086 F020000 0
088 A000000 N
088 B000000 N
088 C000000 N
088 D000000 N
SIGNATURE JAMES R. ROONEY
TITLE TREASURER
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000872822
<NAME> THE BRAZILIAN INVESTMENT FUND, INC.
<MULTIPLIER> 1,000
<S> <C>
<PERIOD-TYPE> YEAR
<FISCAL-YEAR-END> DEC-31-1994
<PERIOD-START> JAN-01-1994
<PERIOD-END> DEC-31-1994
<INVESTMENTS-AT-COST> 47,782
<INVESTMENTS-AT-VALUE> 80,190
<RECEIVABLES> 2,008
<ASSETS-OTHER> 158
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 82,356
<PAYABLE-FOR-SECURITIES> 90
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 1,002
<TOTAL-LIABILITIES> 1,092
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 25,476
<SHARES-COMMON-STOCK> 625
<SHARES-COMMON-PRIOR> 625
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> (36)
<ACCUMULATED-NET-GAINS> 23,409
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 32,415
<NET-ASSETS> 81,264
<DIVIDEND-INCOME> 883
<INTEREST-INCOME> 6
<OTHER-INCOME> 0
<EXPENSES-NET> (1,335)
<NET-INVESTMENT-INCOME> (446)
<REALIZED-GAINS-CURRENT> 24,028
<APPREC-INCREASE-CURRENT> 10,907
<NET-CHANGE-FROM-OPS> 34,489
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> (4,148)
<DISTRIBUTIONS-OTHER> (1,122)
<NUMBER-OF-SHARES-SOLD> 4
<NUMBER-OF-SHARES-REDEEMED> (54)
<SHARES-REINVESTED> 50
<NET-CHANGE-IN-ASSETS> 29,057
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 4,465
<OVERDISTRIB-NII-PRIOR> (15)
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 646
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 1,335
<AVERAGE-NET-ASSETS> 73,252
<PER-SHARE-NAV-BEGIN> 83.58
<PER-SHARE-NII> (0.71)
<PER-SHARE-GAIN-APPREC> 54.72
<PER-SHARE-DIVIDEND> 0
<PER-SHARE-DISTRIBUTIONS> (6.65)
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 129.97
<EXPENSE-RATIO> 1.82
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>