<PAGE> PAGE 1
000 A000000 08/31/95
000 C000000 915092
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 PORTFOLIO
001 B000000 811-8162
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 14
007 C010100 1
007 C020100 LIFEPATH 2000 MASTER SERIES
007 C030100 N
007 C010200 2
007 C020200 LIFEPATH 2010 MASTER SERIES
007 C030200 N
007 C010300 3
007 C020300 LIFEPATH 2020 MASTER SERIES
007 C030300 N
007 C010400 4
007 C020400 LIFEPATH 2030 MASTER SERIES
007 C030400 N
007 C010500 5
007 C020500 LIFEPATH 2040 MASTER SERIES
007 C030500 N
007 C010600 6
007 C020600 SMALL/MEDIUM STOCK INDEX MASTER SERIES
007 C030600 N
007 C010700 7
007 C020700 INTERNATIONAL STOCK INDEX MASTER SERIES
007 C030700 N
007 C010800 8
007 C020800 MONEY MARKET MASTER SERIES
007 C030800 N
007 C010900 9
007 C020900 SHORT-TERM ALLOCATION MASTER SERIES
007 C030900 N
007 C011000 10
007 C021000 GROWTH AND VALUE MASTER SERIES
<PAGE> PAGE 2
007 C031000 N
007 C011100 11
007 C021100 U.S. TREASURY ALLOCATION MASTER SERIES
007 C031100 N
007 C011200 12
007 C021200 BOND INDEX MASTER SERIES
007 C031200 N
007 C011300 13
007 C021300 S&P 500 STOCK INDEX MASTER SERIES
007 C031300 N
007 C011400 14
007 C021400 ASSET ALLOCATION MASTER SERIES
007 C031400 N
007 C011500 15
007 C011600 16
007 C011700 17
007 C011800 18
007 C011900 19
007 C012000 20
026 A000000 N
026 B000000 Y
026 C000000 N
026 D000000 Y
026 E000000 N
026 F000000 N
026 G010000 N
026 G020000 Y
026 H000000 N
027 000000 Y
SIGNATURE ANN BONSTEEL
TITLE ASST SECRETARY
