MASTER INVESTMENT TRUST SERIES I
NSAR-A/A, 1997-11-21
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<PAGE>      PAGE  1
000 A000000 08/31/97
000 C000000 0000913961
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000 J000000 A
001 A000000 MASTER INVESTMENT TRUST, SERIES I
001 B000000 811-8086
001 C000000 8099497888
002 A000000 PO BOX 30122 SMB
002 B000000 GRAND CAYMAN
002 E010000 BRITISH WEST INDIES
003  000000 N
004  000000 N
005  000000 N
006  000000 N
007 A000000 Y
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007 C020100 ASSET ALLOCATION PORTFOLIO
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008 A00AA01 BANK OF AMERICA NAT'L. TRUST & SAVINGS ASSOC.
008 B00AA01 A
008 C00AA01 801-84000
008 D01AA01 SAN FRANCISCO
008 D02AA01 CA
008 D03AA01 94104
010 A00AA01 PFPC INC
010 C01AA01 WILMINGTON
010 C02AA01 DE
010 C03AA01 19809
011 A00AA01 DELETE
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013 A00AA01 PRICE WATERHOUSE
013 B01AA01 NEW YORK
<PAGE>      PAGE  2
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013 B03AA01 10036
014 A00AA01 BANKAMERICA INVESTMENT SERVICES INC.
014 B00AA01 8-00000000
015 A00AA01 PNC BANK, N.A.
015 B00AA01 C
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015 C02AA01 PA
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<PAGE>      PAGE  7
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<PAGE>      PAGE  9
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<PAGE>      PAGE  10
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SIGNATURE   KATHY THREN                                  
TITLE       COUNSEL             
 


<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000913961
<NAME> MASTER INVESTMENT TRUST, SERIES I
<SERIES>
   <NUMBER> 01
   <NAME> ASSET ALLOCATION PORTFOLIO
       
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<ARTICLE> 6
<CIK> 0000913961
<NAME> MASTER INVESTMENT TRUST, SERIES I
<SERIES>
   <NUMBER> 03
   <NAME> INVESTMENT GRADE BOND PORTFOLIO
       
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