MANAGED SERIES INVESTMENT TRUST
NSAR-A, 1996-10-29
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<PAGE>      PAGE  1
000 A000000 08/31/96
000 C000000 914609
000 D000000 N
000 E000000 NF
000 F000000 Y
000 G000000 N
000 H000000 N
000 I000000 3.0
000 J000000 U
001 A000000 MANAGED SERIES INVESTMENT TRUST
001 B000000 811-8140
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  2
007 C010100  1
007 C020100 SHORT INTERMEDIATE TERM MASTER PORTFOLIO
007 C030100 N
007 C010200  2
007 C020200 GROWTH STOCK MASTER PORTFOLIO
007 C030200 N
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 A00AA01 BZW BARCLAY'S GLOBAL FUND ADVISORS
008 B00AA01 A
008 C00AA01 801-000000
008 D01AA01 SAN FRANCISCO
008 D02AA01 CA
008 D03AA01 94105
008 A00AA02 DELETE
010 A00AA01 STEPHENS INC.
010 B00AA01 8-1927
010 C01AA01 LITTLE ROCK
010 C02AA01 AR
010 C03AA01 72201
011 A00AA01 STEPHENS INC
011 B00AA01 8-1927
011 C01AA01 LITTLE ROCK
<PAGE>      PAGE  2
011 C02AA01 AR
011 C03AA01 72201
012 A00AA01 WELLS FARGO BANK,N.A.
012 B00AA01 84-00000
012 C01AA01 SAN FRANCISCO
012 C02AA01 CA
012 C03AA01 94105
013 A00AA01 KPMG PEAT MARWICK
013 B01AA01 SAN FRANCISCO
013 B02AA01 CA
013 B03AA01 94111
014 A00AA01 BZW BARCLAYS GLOBAL INVESTOR SERVICES
014 B00AA01 8-00000
014 A00AA02 DELETE
018  00AA00 Y
019 A00AA00 N
019 B00AA00    0
020 A000001 PAINEWEBBER, INC
020 B000001 13-2638166
020 C000001     26
020 A000002 MORGAN STANLEY & CO
020 B000002 13-2655998
020 C000002     18
020 A000003 DILLION READ & CO
020 B000003 13-1939216
020 C000003     11
020 A000004 DONALDSON LUFKIN & JENRETTE
020 B000004 13-2741729
020 C000004      9
020 A000005 COWEN & COMPANY
020 B000005 13-5616116
020 C000005      6
020 A000006 WERTHEIM SCHRODER & CO, INC
020 B000006 UNKNOWN
020 C000006      6
020 A000007 HSBC SECURITIES
020 B000007 13-2650272
020 C000007      5
020 A000008 HERZOG HEINE & CO
020 B000008 13-1955436
020 C000008      5
020 A000009 UBS SECURITIES
020 B000009 13-2932996
020 C000009      5
020 A000010 BEAR STEARNS SECURITIES CORP
020 B000010 13-3299429
020 C000010      4
021  000000      153
022 A000001 GOLDMAN SACHS
022 B000001 13-5108880
022 C000001     60868
<PAGE>      PAGE  3
022 D000001     56576
022 A000002 HSBC SECURITIES
022 B000002 94-1701676
022 C000002     20562
022 D000002      4090
022 A000003 COWEN & COMPANY
022 B000003 13-5616116
022 C000003      7580
022 D000003     10647
022 A000004 BROWN (ALEX) & SONS
022 B000004 52-1319768
022 C000004     11483
022 D000004      5691
022 A000005 BEAR STEARNS SECURITIES
022 B000005 13-3299429
022 C000005      9713
022 D000005      4875
022 A000006 SMITH BARNEY INC
022 B000006 13-1912900
022 C000006      5331
022 D000006      7708
022 A000007 MORGAN STANLEY & CO
022 B000007 13-2655998
022 C000007      6207
022 D000007      4637
022 A000008 INTERSTATE JOHNSON LANE
022 B000008 56-0276690
022 C000008      7638
022 D000008      2564
022 A000009 WESSELS ARNOLD & HENDERSON
022 B000009 UNKNOWN
022 C000009      5650
022 D000009      4149
022 A000010 DONALDSON LUFKIN & JENRETTE
022 B000010 13-2741729
022 C000010      6312
022 D000010      3408
023 C000000     224839
023 D000000     181358
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
077 A000000 N
078  000000 N
<PAGE>      PAGE  4
080 C00AA00        0
081 B00AA00   0
082 B00AA00        0
083 B00AA00        0
084 B00AA00        0
086 A010000      0
086 A020000      0
086 B010000      0
086 B020000      0
086 C010000      0
086 C020000      0
086 D010000      0
086 D020000      0
086 E010000      0
086 E020000      0
086 F010000      0
086 F020000      0
024  000100 Y
025 A000101 GOLDMAN SACHS
025 B000101 13-5108880
025 C000101 D
025 D000101     279
025 D000102       0
025 D000103       0
025 D000104       0
025 D000105       0
025 D000106       0
025 D000107       0
025 D000108       0
028 A010100       259
028 A020100        69
028 A030100         0
028 A040100       324
028 B010100       257
028 B020100        74
028 B030100         0
028 B040100       220
028 C010100       260
028 C020100        73
028 C030100         0
028 C040100       396
028 D010100       270
028 D020100        75
028 D030100         0
028 D040100       465
028 E010100       201
028 E020100        73
028 E030100         0
028 E040100       949
028 F010100       131
028 F020100        72
<PAGE>      PAGE  5
028 F030100         0
028 F040100       388
028 G010100      1378
028 G020100       436
028 G030100         0
028 G040100      2742
028 H000100         0
055 A000100 N
055 B000100 N
062 A000100 Y
062 B000100   0.0
062 C000100   0.0
062 D000100   2.3
062 E000100   0.0
062 F000100   0.0
062 G000100   0.0
062 H000100   0.0
062 I000100   0.0
062 J000100   0.0
062 K000100   0.0
062 L000100   0.0
062 M000100  39.5
062 N000100  20.9
062 O000100   0.0
062 P000100  37.4
062 Q000100   0.0
062 R000100   0.0
063 A000100   0
063 B000100  7.6
064 A000100 Y
064 B000100 N
070 A010100 Y
070 A020100 Y
070 B010100 N
070 B020100 N
070 C010100 N
070 C020100 N
070 D010100 N
070 D020100 N
070 E010100 N
070 E020100 N
070 F010100 N
070 F020100 N
070 G010100 N
070 G020100 N
070 H010100 N
070 H020100 N
070 I010100 N
070 I020100 N
070 J010100 N
070 J020100 N
<PAGE>      PAGE  6
070 K010100 Y
070 K020100 Y
070 L010100 Y
070 L020100 N
070 M010100 N
070 M020100 N
070 N010100 Y
070 N020100 N
070 O010100 Y
070 O020100 N
070 P010100 N
070 P020100 N
070 Q010100 N
070 Q020100 N
070 R010100 N
070 R020100 N
071 A000100      6759
071 B000100      7166
071 C000100     12695
071 D000100   53
072 A000100  6
072 B000100      478
072 C000100        0
072 D000100        0
072 E000100        0
072 F000100       30
072 G000100        0
072 H000100        0
072 I000100        0
072 J000100        0
072 K000100        0
072 L000100        0
072 M000100        0
072 N000100        0
072 O000100        0
072 P000100        0
072 Q000100        0
072 R000100        5
072 S000100        5
072 T000100        0
072 U000100        0
072 V000100        0
072 W000100        5
072 X000100       45
072 Y000100        5
072 Z000100      438
072AA000100        0
072BB000100       72
072CC010100        0
072CC020100      368
072DD010100      438
<PAGE>      PAGE  7
072DD020100        0
072EE000100        0
073 A010100   0.3038
073 A020100   0.0000
073 B000100   0.0000
073 C000100   0.0000
074 A000100        4
074 B000100      279
074 C000100        0
074 D000100    12109
074 E000100        0
074 F000100        0
074 G000100        0
074 H000100        0
074 I000100        0
074 J000100        0
074 K000100        0
074 L000100      115
074 M000100        0
074 N000100    12507
074 O000100        0
074 P000100       29
074 Q000100        0
074 R010100        0
074 R020100        0
074 R030100        0
074 R040100       96
074 S000100        0
074 T000100    12382
074 U010100     1360
074 U020100        0
074 V010100     9.10
074 V020100     0.00
074 W000100   0.0000
074 X000100        2
074 Y000100        0
075 A000100        0
075 B000100    13255
076  000100     0.00
024  000200 Y
025 A000201 GOLDMAN SACHS
025 B000201 13-5108880
025 C000201 D
025 D000201    4167
025 D000202       0
025 D000203       0
025 D000204       0
025 D000205       0
025 D000206       0
025 D000207       0
025 D000208       0
<PAGE>      PAGE  8
028 A010200      5949
028 A020200         0
028 A030200         0
028 A040200       371
028 B010200      7180
028 B020200         0
028 B030200         0
028 B040200       242
028 C010200      9167
028 C020200         0
028 C030200         0
028 C040200       314
028 D010200      6090
028 D020200         0
028 D030200         0
028 D040200      4398
028 E010200     18643
028 E020200         0
028 E030200         0
028 E040200      2868
028 F010200      5602
028 F020200         0
028 F030200         0
028 F040200      2307
028 G010200     52631
028 G020200         0
028 G030200         0
028 G040200     10500
028 H000200         0
055 A000200 N
055 B000200 N
062 A000200 N
062 B000200   0.0
062 C000200   0.0
062 D000200   0.0
062 E000200   0.0
062 F000200   0.0
062 G000200   0.0
062 H000200   0.0
062 I000200   0.0
062 J000200   0.0
062 K000200   0.0
062 L000200   0.0
062 M000200   0.0
062 N000200   0.0
062 O000200   0.0
062 P000200   0.0
062 Q000200   0.0
062 R000200   0.0
063 A000200   0
063 B000200  0.0
<PAGE>      PAGE  9
070 A010200 Y
070 A020200 Y
070 B010200 N
070 B020200 N
070 C010200 N
070 C020200 N
070 D010200 N
070 D020200 N
070 E010200 N
070 E020200 N
070 F010200 N
070 F020200 N
070 G010200 N
070 G020200 N
070 H010200 N
070 H020200 N
070 I010200 N
070 I020200 N
070 J010200 N
070 J020200 N
070 K010200 Y
070 K020200 Y
070 L010200 Y
070 L020200 Y
070 M010200 N
070 M020200 N
070 N010200 Y
070 N020200 N
070 O010200 Y
070 O020200 N
070 P010200 N
070 P020200 N
070 Q010200 N
070 Q020200 N
070 R010200 N
070 R020200 N
071 A000200    145861
071 B000200    107367
071 C000200    200060
071 D000200   54
072 A000200  6
072 B000200      387
072 C000200      119
072 D000200        0
072 E000200        0
072 F000200      635
072 G000200        0
072 H000200        0
072 I000200        0
072 J000200        0
072 K000200        0
<PAGE>      PAGE  10
072 L000200        0
072 M000200        0
072 N000200        0
072 O000200        0
072 P000200        0
072 Q000200        0
072 R000200        7
072 S000200       23
072 T000200        0
072 U000200        0
072 V000200        0
072 W000200        5
072 X000200      670
072 Y000200       35
072 Z000200     -129
072AA000200    12709
072BB000200        0
072CC010200        0
072CC020200    11393
072DD010200      129
072DD020200        0
072EE000200        0
073 A010200   0.1090
073 A020200   0.0000
073 B000200   0.0000
073 C000200   0.0000
074 A000200      669
074 B000200     4167
074 C000200     7878
074 D000200        0
074 E000200     6540
074 F000200   204175
074 G000200        0
074 H000200        0
074 I000200        0
074 J000200      836
074 K000200        0
074 L000200       40
074 M000200       54
074 N000200   224361
074 O000200     1887
074 P000200      318
074 Q000200        0
074 R010200        0
074 R020200        0
074 R030200        0
074 R040200        8
074 S000200        0
074 T000200   222148
074 U010200    13058
074 U020200        0
<PAGE>      PAGE  11
074 V010200    17.01
074 V020200     0.00
074 W000200   0.0000
074 X000200        2
074 Y000200        0
075 A000200        0
075 B000200   208893
076  000200     0.00
SIGNATURE   ANN BONSTEEL                                 
TITLE       ASST.SECRETARY      
 


<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000914609
<NAME> MANAGED SERIES INVESTMENT TRUST
<SERIES>
   <NUMBER> 1
   <NAME> SHORT-INTERMEDIATE TERM MASTER PORTFOLIO
       
<S>                             <C>
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          FEB-28-1997
<PERIOD-START>                             MAR-01-1996
<PERIOD-END>                               AUG-31-1996
<INVESTMENTS-AT-COST>                         12662400
<INVESTMENTS-AT-VALUE>                        12388196
<RECEIVABLES>                                   114764
<ASSETS-OTHER>                                    4204
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                                12507164
<PAYABLE-FOR-SECURITIES>                             0
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                       125225
<TOTAL-LIABILITIES>                             125225
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                      12894297
<SHARES-COMMON-STOCK>                          1359999
<SHARES-COMMON-PRIOR>                          1461291
<ACCUMULATED-NII-CURRENT>                            0
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<ACCUMULATED-NET-GAINS>                       (238155)
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                      (274203)
<NET-ASSETS>                                  12381939
<DIVIDEND-INCOME>                                    0
<INTEREST-INCOME>                               477846
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                 (39817)
<NET-INVESTMENT-INCOME>                         438029
<REALIZED-GAINS-CURRENT>                       (72976)
<APPREC-INCREASE-CURRENT>                     (368412)
<NET-CHANGE-FROM-OPS>                           (3359)
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                     (438029)
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                         149719
<NUMBER-OF-SHARES-REDEEMED>                     298301
<SHARES-REINVESTED>                              47291    
<NET-CHANGE-IN-ASSETS>                       (1369120)
<ACCUMULATED-NII-PRIOR>                              0
<ACCUMULATED-GAINS-PRIOR>                            0
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                            30029
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                  39817
<AVERAGE-NET-ASSETS>                          13255000
<PER-SHARE-NAV-BEGIN>                             9.41
<PER-SHARE-NII>                                   0.30
<PER-SHARE-GAIN-APPREC>                         (0.31)
<PER-SHARE-DIVIDEND>                            (0.30)
<PER-SHARE-DISTRIBUTIONS>                            0
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                               9.10
<EXPENSE-RATIO>                                   0.60
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        


</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000914609
<NAME> MANAGED SERIES INVESTMENT TRUST
<SERIES>
   <NUMBER> 2
   <NAME> GROWTH STOCK MASTER PORTFOLIO
       
<S>                             <C>
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          FEB-28-1997
<PERIOD-START>                             MAR-01-1996
<PERIOD-END>                               AUG-31-1996
<INVESTMENTS-AT-COST>                        198445808
<INVESTMENTS-AT-VALUE>                       222761472
<RECEIVABLES>                                   876651
<ASSETS-OTHER>                                  668957
<OTHER-ITEMS-ASSETS>                             54100
<TOTAL-ASSETS>                               224361180
<PAYABLE-FOR-SECURITIES>                       1887080
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                       326055
<TOTAL-LIABILITIES>                            2213135
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                     167552148
<SHARES-COMMON-STOCK>                         13058292
<SHARES-COMMON-PRIOR>                         10713913
<ACCUMULATED-NII-CURRENT>                            0
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                       30280233
<OVERDISTRIBUTION-GAINS>                             0
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<NET-ASSETS>                                 222148045
<DIVIDEND-INCOME>                               119328
<INTEREST-INCOME>                               386449
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                (634772)
<NET-INVESTMENT-INCOME>                       (128995)
<REALIZED-GAINS-CURRENT>                      12709380
<APPREC-INCREASE-CURRENT>                   (11393276)
<NET-CHANGE-FROM-OPS>                          1187109
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                       128995
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                        2939757
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<SHARES-REINVESTED>                                  0
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<ACCUMULATED-GAINS-PRIOR>                     17570853
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<OVERDIST-NET-GAINS-PRIOR>                           0
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<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                 669928
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<PER-SHARE-NAV-BEGIN>                            16.68
<PER-SHARE-NII>                                 (0.01)
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<EXPENSE-RATIO>                                   0.60
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        

</TABLE>


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