<PAGE> PAGE 1
000 B000000 02/29/96
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
077 A000000 Y
080 A00AA00 CHUBBS INSURANCE GROUP
080 C00AA00 30000
081 A00AA00 Y
081 B00AA00 52
082 A00AA00 Y
082 B00AA00 25
083 A00AA00 N
083 B00AA00 0
084 A00AA00 N
084 B00AA00 0
085 A00AA00 Y
085 B00AA00 N
062 A000100 N
062 B000100 0.0
062 C000100 0.0
062 D000100 0.0
062 E000100 0.0
062 F000100 0.0
062 G000100 0.0
062 H000100 0.0
062 I000100 0.0
<PAGE> PAGE 3
062 J000100 0.0
062 K000100 0.0
062 L000100 0.0
062 M000100 0.0
062 N000100 0.0
062 O000100 0.0
062 P000100 0.0
062 Q000100 0.0
062 R000100 0.0
071 A000100 94934
071 B000100 56588
071 C000100 67329
071 D000100 84
072 A000100 12
074 N000100 117568
074 T000100 116678
075 A000100 0
075 B000100 98106
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
071 A000200 58728
071 B000200 25760
071 C000200 66189
071 D000200 39
072 A000200 12
074 N000200 102362
074 T000200 101221
075 A000200 0
075 B000200 86074
062 A000300 N
062 B000300 0.0
062 C000300 0.0
062 D000300 0.0
062 E000300 0.0
062 F000300 0.0
<PAGE> PAGE 4
062 G000300 0.0
062 H000300 0.0
062 I000300 0.0
062 J000300 0.0
062 K000300 0.0
062 L000300 0.0
062 M000300 0.0
062 N000300 0.0
062 O000300 0.0
062 P000300 0.0
062 Q000300 0.0
062 R000300 0.0
071 A000300 107762
071 B000300 55660
071 C000300 113184
071 D000300 49
072 A000300 12
074 N000300 164027
074 T000300 162558
075 A000300 0
075 B000300 140252
062 A000400 N
062 B000400 0.0
062 C000400 0.0
062 D000400 0.0
062 E000400 0.0
062 F000400 0.0
062 G000400 0.0
062 H000400 0.0
062 I000400 0.0
062 J000400 0.0
062 K000400 0.0
062 L000400 0.0
062 M000400 0.0
062 N000400 0.0
062 O000400 0.0
062 P000400 0.0
062 Q000400 0.0
062 R000400 0.0
071 A000400 68961
071 B000400 29536
071 C000400 76409
071 D000400 39
072 A000400 12
074 N000400 108730
074 T000400 108238
075 A000400 0
075 B000400 93815
062 A000500 N
062 B000500 0.0
062 C000500 0.0
<PAGE> PAGE 5
062 D000500 0.0
062 E000500 0.0
062 F000500 0.0
062 G000500 0.0
062 H000500 0.0
062 I000500 0.0
062 J000500 0.0
062 K000500 0.0
062 L000500 0.0
062 M000500 0.0
062 N000500 0.0
062 O000500 0.0
062 P000500 0.0
062 Q000500 0.0
062 R000500 0.0
071 A000500 115313
071 B000500 34446
071 C000500 116857
071 D000500 29
072 A000500 12
074 N000500 176645
074 T000500 176021
075 A000500 0
075 B000500 145362
062 A000600 N
062 B000600 0.0
062 C000600 0.0
062 D000600 0.0
062 E000600 0.0
062 F000600 0.0
062 G000600 0.0
062 H000600 0.0
062 I000600 0.0
062 J000600 0.0
062 K000600 0.0
062 L000600 0.0
062 M000600 0.0
062 N000600 0.0
062 O000600 0.0
062 P000600 0.0
062 Q000600 0.0
062 R000600 0.0
071 A000600 0
071 B000600 0
071 C000600 0
071 D000600 0
072 A000600 12
074 N000600 0
074 T000600 0
075 A000600 0
075 B000600 0
<PAGE> PAGE 6
062 A000700 N
062 B000700 0.0
062 C000700 0.0
062 D000700 0.0
062 E000700 0.0
062 F000700 0.0
062 G000700 0.0
062 H000700 0.0
062 I000700 0.0
062 J000700 0.0
062 K000700 0.0
062 L000700 0.0
062 M000700 0.0
062 N000700 0.0
062 O000700 0.0
062 P000700 0.0
062 Q000700 0.0
062 R000700 0.0
071 A000700 0
071 B000700 0
071 C000700 0
071 D000700 0
072 A000700 12
074 N000700 0
074 T000700 0
075 A000700 0
075 B000700 0
062 A000800 N
062 B000800 0.0
062 C000800 0.0
062 D000800 0.0
062 E000800 0.0
062 F000800 0.0
062 G000800 0.0
062 H000800 0.0
062 I000800 0.0
062 J000800 0.0
062 K000800 0.0
062 L000800 0.0
062 M000800 0.0
062 N000800 0.0
062 O000800 0.0
062 P000800 0.0
062 Q000800 0.0
062 R000800 0.0
071 A000800 0
071 B000800 0
071 C000800 0
071 D000800 0
072 A000800 12
074 N000800 0
<PAGE> PAGE 7
074 T000800 0
075 A000800 0
075 B000800 0
062 A000900 N
062 B000900 0.0
062 C000900 0.0
062 D000900 0.0
062 E000900 0.0
062 F000900 0.0
062 G000900 0.0
062 H000900 0.0
062 I000900 0.0
062 J000900 0.0
062 K000900 0.0
062 L000900 0.0
062 M000900 0.0
062 N000900 0.0
062 O000900 0.0
062 P000900 0.0
062 Q000900 0.0
062 R000900 0.0
071 A000900 0
071 B000900 0
071 C000900 0
071 D000900 0
072 A000900 12
074 N000900 0
074 T000900 0
075 A000900 0
075 B000900 0
062 A001000 N
062 B001000 0.0
062 C001000 0.0
062 D001000 0.0
062 E001000 0.0
062 F001000 0.0
062 G001000 0.0
062 H001000 0.0
062 I001000 0.0
062 J001000 0.0
062 K001000 0.0
062 L001000 0.0
062 M001000 0.0
062 N001000 0.0
062 O001000 0.0
062 P001000 0.0
062 Q001000 0.0
062 R001000 0.0
071 A001000 0
071 B001000 0
071 C001000 0
<PAGE> PAGE 8
071 D001000 0
072 A001000 12
074 N001000 0
074 T001000 0
075 A001000 0
075 B001000 0
062 A001100 Y
062 B001100 20.8
062 C001100 0.0
062 D001100 0.0
062 E001100 0.0
062 F001100 0.0
062 G001100 0.0
062 H001100 0.0
062 I001100 0.0
062 J001100 0.0
062 K001100 0.0
062 L001100 0.0
062 M001100 79.5
062 N001100 0.0
062 O001100 0.0
062 P001100 0.0
062 Q001100 0.0
062 R001100 0.0
071 A001100 79962
071 B001100 126455
071 C001100 24605
071 D001100 325
072 A001100 12
074 N001100 51897
074 T001100 51656
075 A001100 0
075 B001100 58259
062 A001200 Y
062 B001200 0.7
062 C001200 0.0
062 D001200 0.0
062 E001200 0.0
062 F001200 0.0
062 G001200 0.0
062 H001200 0.0
062 I001200 0.0
062 J001200 0.0
062 K001200 0.0
062 L001200 0.0
062 M001200 66.0
062 N001200 8.8
062 O001200 0.0
062 P001200 23.9
062 Q001200 0.0
062 R001200 0.0
<PAGE> PAGE 9
071 A001200 65412
071 B001200 26612
071 C001200 126814
071 D001200 21
072 A001200 12
074 N001200 152679
074 T001200 151824
075 A001200 0
075 B001200 143851
062 A001300 N
062 B001300 0.0
062 C001300 0.0
062 D001300 0.0
062 E001300 0.0
062 F001300 0.0
062 G001300 0.0
062 H001300 0.0
062 I001300 0.0
062 J001300 0.0
062 K001300 0.0
062 L001300 0.0
062 M001300 0.0
062 N001300 0.0
062 O001300 0.0
062 P001300 0.0
062 Q001300 0.0
062 R001300 0.0
071 A001300 254945
071 B001300 14884
071 C001300 650884
071 D001300 2
072 A001300 12
074 N001300 935937
074 T001300 930333
075 A001300 0
075 B001300 822420
062 A001400 N
062 B001400 0.0
062 C001400 0.0
062 D001400 0.0
062 E001400 0.0
062 F001400 0.0
062 G001400 0.0
062 H001400 0.0
062 I001400 0.0
062 J001400 0.0
062 K001400 0.0
062 L001400 0.0
062 M001400 0.0
062 N001400 0.0
062 O001400 0.0
<PAGE> PAGE 10
062 P001400 0.0
062 Q001400 0.0
062 R001400 0.0
071 A001400 105910
071 B001400 137734
071 C001400 263848
071 D001400 40
072 A001400 12
074 N001400 399534
074 T001400 398094
075 A001400 0
075 B001400 375085
SIGNATURE ANN BONSTEEL
TITLE ASST.SECRETARY
