MASTER INVESTMENT TRUST SERIES I
NSAR-B, 1998-04-29
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<PAGE>      PAGE  1
000 B000000 02/28/98
000 C000000 0000913961
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 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
007 B000000  2
007 C010100  1
007 C010200  2
007 C020200 BLUE CHIP PORTFOLIO
007 C030200 N
007 C010300  3
007 C020300 INVESTMENT GRADE BOND PORTFOLIO
007 C030300 N
007 C010400  4
007 C010500  5
007 C010600  6
007 C010700  7
007 C010800  8
007 C010900  9
007 C011000 10
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
013 A00AA01 PRICE WATERHOUSE
013 B01AA01 NEW YORK
013 B02AA01 NY
013 B03AA01 10036
014 A00AA01 BANKAMERICA INVESTMENT SERVICES INC.
014 B00AA01 8-00000000
<PAGE>      PAGE  2
015 A00AA01 PNC BANK, N.A.
015 B00AA01 C
015 C01AA01 PHILADELPHIA
015 C02AA01 PA
015 C03AA01 19101
015 E01AA01 X
018  00AA00 Y
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019 C00AA00 PACHORIZON
020 A000001 DONALDSON LUFKIN AND JENRETTE
020 C000001     77
020 A000002 INVESTMENT TECHNOLOGY GROUP, INC.
020 C000002     58
020 A000003 BERNSTEIN (SANFORD C.) & CO.
020 C000003     50
020 A000004 NATIONAL WESTMINSTER BANK
020 C000004     50
020 A000005 OPPENHEIMER
020 C000005     44
020 A000006 MORGAN STANLEY & CO.
020 C000006     44
020 A000007 SOLOMON BORTHERS, INC.
020 C000007     42
020 A000008 BT ALEX BROWN, INC.
020 C000008     36
020 A000009 PAINE WEBBER JACKSON & CURTIS, INC.
020 C000009     34
020 A000010 MERRILL LYNCH
020 C000010     31
021  000000      748
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022 D000003     19235
022 A000004 LEHMAN BORTHERS
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022 D000004     41810
022 A000005 INVESTMENT TECHNOLOGY GRP, INC.
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022 D000005     38250
022 A000006 DONALDSON LUFKIN AND JENRETTE
022 C000006     34661
022 D000006     60839
022 A000007 OPPENHEIMER & CO.
022 C000007     30310
<PAGE>      PAGE  3
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022 A000008 MORGAN STANLEY
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022 D000008     27155
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<PAGE>      PAGE  4
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<PAGE>      PAGE  6
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<PAGE>      PAGE  8
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<PAGE>      PAGE  9
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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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SIGNATURE   KATHY THREN                                  
TITLE       COUNSEL             
 


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<CIK> 0000913961
<NAME> MASTER INVESTMENT TRUST, SERIES I
<SERIES>
   <NUMBER> 02
   <NAME> BLUE CHIP PORTFOLIO
       
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<TABLE> <S> <C>

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<CIK> 0000913961
<NAME> MASTER INVESTMENT TRUST, SERIES I
<SERIES>
   <NUMBER> 03
   <NAME> INVESTMENT GRADE BOND PORTFOLIO
       
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</TABLE>


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