<PAGE>
000 A000000 04/30/96
000 C000000 0000909277
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 NON US EQUITY PORTFOLIO
001 B000000 811-7884
001 C000000 8099451824
002 A000000 PO BOX 2494, GEORGE TOWN
002 B000000 GRAND CAYAMAN
002 E010000 BRITISH WEST INDIES
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 GUARANTY TRUST COMPANY OF NEW YORK
008 B000001 A
008 C000001 801-999999
008 D010001 NEW YORK
008 D020001 NY
008 D030001 10036
010 A000001 SIGNATURE BROKER-DEALER SERVICES, INC.
010 B000001 8-41134
010 C010001 BOSTON
010 C020001 MA
010 C030001 02116
010 A000002 MORGAN GUARANTY TRUST COMPANY OF NEW YORK
010 C010002 NEW YORK
010 C020002 NY
010 C030002 10036
010 A000003 PIERPONT GROUP INC
010 C010003 NEW YORK
010 C020003 NY
010 C030003 10017
013 A000001 PRICE WATERHOUSE LLP
<PAGE>
013 B010001 NEW YORK
013 B020001 NY
013 B030001 10036
014 A000001 MORGAN SECURITIES
014 B000001 8-99999999
015 A000001 STATE STREET BANK AND TRUST COMPANY
015 B000001 C
015 C010001 BOSTON
015 C020001 MA
015 C030001 02101
015 E010001 X
018 000000 Y
019 A000000 Y
019 B000000 56
019 C000000 JPM\PIERPO
020 A000001 DIAWA SECURITIES
020 B000001 13-5680329
020 C000001 302
020 A000002 NOMURA SECURITIES
020 B000002 13-2542206
020 C000002 54
020 A000003 MERRILL LYNCH
020 C000003 46
020 A000004 MORGAN STANLEY INTERNATIONAL
020 C000004 40
020 A000005 HG ASIA
020 C000005 39
020 A000006 WARBUG SECURITIES
020 B000006 13-3340045
020 C000006 38
020 A000007 BARING SECURITIES
020 C000007 33
020 A000008 BARCLAYS DE ZOETE
020 C000008 33
020 A000009 COUNTY NAT WEST
020 C000009 29
020 A000010 NIKKO SECURITIES
020 C000010 28
021 000000 1011
022 A000001 GOLDMAN SACHS
022 C000001 1627
022 D000001 7442
022 A000002 MERRILL LYCNCH
022 C000002 4860
022 D000002 3456
022 A000003 SOLOMON BROS
022 C000003 4128
022 D000003 3250
022 A000004 UBS
022 C000004 6403
022 D000004 860
<PAGE>
022 A000005 SBC
022 C000005 3235
022 D000005 2836
022 A000006 DEUTSCH
022 C000006 1754
022 D000006 3262
022 A000007 LEHMEN
022 C000007 3650
022 D000007 1211
022 A000008 JAMES CAPITAL
022 C000008 1371
022 D000008 3455
022 A000009 PERIBES
022 C000009 2600
022 D000009 2055
022 A000010 CS FIRST BOSTON
022 C000010 1373
022 D000010 2509
023 C000000 61041
023 D000000 52499
024 000000 N
025 D000001 0
025 D000002 0
025 D000003 0
025 D000004 0
025 D000005 0
025 D000006 0
025 D000007 0
025 D000008 0
026 A000000 N
026 B000000 N
026 C000000 N
026 D000000 Y
026 E000000 N
026 F000000 N
026 G010000 N
026 G020000 N
026 H000000 Y
027 000000 Y
028 A010000 25014
028 A020000 0
028 A030000 0
028 A040000 12622
028 B010000 35593
028 B020000 0
028 B030000 0
028 B040000 35341
028 C010000 42893
028 C020000 0
028 C030000 0
028 C040000 5742
<PAGE>
028 D010000 72722
028 D020000 0
028 D030000 0
028 D040000 22145
028 E010000 30301
028 E020000 0
028 E030000 0
028 E040000 10958
028 F010000 21567
028 F020000 0
028 F030000 0
028 F040000 11420
028 G010000 228090
028 G020000 0
028 G030000 0
028 G040000 98228
028 H000000 0
029 000000 N
030 A000000 0
030 B000000 0.00
030 C000000 0.00
031 A000000 0
031 B000000 0
032 000000 0
033 000000 0
034 000000 N
035 000000 0
036 B000000 0
037 000000 N
038 000000 0
039 000000 N
040 000000 N
041 000000 N
042 A000000 0
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042 F000000 0
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044 000000 0
045 000000 Y
046 000000 N
047 000000 Y
048 000000 0.600
048 A010000 0
048 A020000 0.000
048 B010000 0
048 B020000 0.000
<PAGE>
048 C010000 0
048 C020000 0.000
048 D010000 0
048 D020000 0.000
048 E010000 0
048 E020000 0.000
048 F010000 0
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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 0
048 K020000 0.000
049 000000 N
050 000000 N
051 000000 N
052 000000 N
053 A000000 N
054 A000000 Y
054 B000000 N
054 C000000 N
054 D000000 N
054 E000000 N
054 F000000 N
054 G000000 N
054 H000000 N
054 I000000 N
054 J000000 Y
054 K000000 N
054 L000000 N
054 M000000 Y
054 N000000 N
054 O000000 N
055 A000000 N
055 B000000 N
056 000000 Y
057 000000 N
058 A000000 N
059 000000 Y
060 A000000 Y
060 B000000 Y
061 000000 0
062 A000000 N
062 B000000 0.0
062 C000000 0.0
062 D000000 0.0
<PAGE>
062 E000000 0.0
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062 P000000 0.0
062 Q000000 0.0
062 R000000 0.0
063 A000000 0
063 B000000 0.0
066 A000000 Y
066 B000000 N
066 C000000 N
066 D000000 N
066 E000000 N
066 F000000 N
066 G000000 Y
067 000000 Y
068 A000000 N
068 B000000 Y
069 000000 N
070 A010000 Y
070 A020000 N
070 B010000 Y
070 B020000 N
070 C010000 N
070 C020000 N
070 D010000 Y
070 D020000 N
070 E010000 Y
070 E020000 N
070 F010000 Y
070 F020000 N
070 G010000 Y
070 G020000 N
070 H010000 Y
070 H020000 N
070 I010000 N
070 I020000 N
070 J010000 Y
070 J020000 N
070 K010000 Y
070 K020000 N
070 L010000 Y
070 L020000 Y
<PAGE>
070 M010000 Y
070 M020000 Y
070 N010000 Y
070 N020000 N
070 O010000 Y
070 O020000 N
070 P010000 Y
070 P020000 N
070 Q010000 N
070 Q020000 N
070 R010000 N
070 R020000 N
071 A000000 324132
071 B000000 192350
071 C000000 729847
071 D000000 26
072 A000000 6
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072 C000000 5650
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072 F000000 2276
072 G000000 109
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072 J000000 448
072 K000000 0
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072 M000000 7
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072 P000000 0
072 Q000000 0
072 R000000 30
072 S000000 4
072 T000000 0
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072 V000000 0
072 W000000 26
072 X000000 2904
072 Y000000 0
072 Z000000 3864
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072BB000000 0
072CC010000 70044
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073 A010000 0.0000
073 A020000 0.0000
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073 B000000 0.0000
073 C000000 0.0000
074 A000000 17079
074 B000000 0
074 C000000 27177
074 D000000 41264
074 E000000 5327
074 F000000 788492
074 G000000 0
074 H000000 0
074 I000000 5054
074 J000000 13382
074 K000000 0
074 L000000 4735
074 M000000 469
074 N000000 902979
074 O000000 17664
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074 R030000 0
074 R040000 3205
074 S000000 0
074 T000000 881491
074 U010000 0
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074 V020000 0.00
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SIGNATURE JOHN R. ELDER
TITLE TREASURER
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL DATA EXTRACTED FROM THE SEMI ANNUAL
REPORT DATED APRIL 30, 1996 FOR THE NON-US EQUITY PORTFOLIO AND IS QUALIFIED IN
ITS ENTIRETY BY REFERENCE TO SUCH SEMI ANNUAL REPORT.
</LEGEND>
<CIK> 0000909277
<NAME> THE NON US EQUITY PORTFOLIO
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> OCT-31-1996
<PERIOD-START> NOV-01-1996
<PERIOD-END> APR-30-1996
<INVESTMENTS-AT-COST> 814345
<INVESTMENTS-AT-VALUE> 884389
<RECEIVABLES> 13382
<ASSETS-OTHER> 5209
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 902980
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 21489
<TOTAL-LIABILITIES> 21489
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 881489
<SHARES-COMMON-STOCK> 0
<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> 881489
<DIVIDEND-INCOME> 5650
<INTEREST-INCOME> 1118
<OTHER-INCOME> 0
<EXPENSES-NET> 2904
<NET-INVESTMENT-INCOME> 3864
<REALIZED-GAINS-CURRENT> 20510
<APPREC-INCREASE-CURRENT> 73952
<NET-CHANGE-FROM-OPS> 98326
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 0
<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> 2276
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 2904
<AVERAGE-NET-ASSETS> 762083
<PER-SHARE-NAV-BEGIN> 0
<PER-SHARE-NII> 0
<PER-SHARE-GAIN-APPREC> 0
<PER-SHARE-DIVIDEND> 0
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 0
<EXPENSE-RATIO> 0
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
