<PAGE> PAGE 1
000 A000000 06/30/95
000 C000000 879530
000 D000000 N
000 E000000 NF
000 F000000 Y
000 G000000 Y
000 H000000 N
000 I000000 3.0
000 J000000 U
001 A000000 MASTER INVESTMENT TRUST
001 B000000 811-6415
001 C000000 5013772521
002 A000000 111 CENTER STREET
002 B000000 LITTLE ROCK
002 C000000 AR
002 D010000 72201
003 000000 N
004 000000 N
005 000000 N
006 000000 N
007 A000000 Y
007 B000000 4
007 C010100 1
007 C020100 CASH INVESTMENT TRUST MASTER PORTFOLIO
007 C030100 N
007 C010200 2
007 C020200 1-3 YEAR DURATION GOVERNMENT INCOME MSTR PORT
007 C030200 Y
007 C010300 3
007 C020300 SHORT-TERM MUNICIPAL INCOME MASTER PORTFOLIO
007 C030300 N
007 C010400 4
007 C020400 SHORT-TERM GOVT/CORP INCOME FUND MASTER PORT
007 C030400 N
007 C010500 5
007 C010600 6
007 C010700 7
007 C010800 8
007 C010900 9
007 C011000 10
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
<PAGE> PAGE 2
SIGNATURE ANN BONSTEEL
TITLE ASST. SECRETARY
