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<PAGE> PAGE 2
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<PAGE> PAGE 3
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<PAGE> PAGE 4
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<PAGE> PAGE 5
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<PAGE> PAGE 6
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<PAGE> PAGE 7
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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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<PAGE> PAGE 14
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<PAGE> PAGE 15
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<PAGE> PAGE 16
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<PAGE> PAGE 17
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<PAGE> PAGE 18
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<PAGE> PAGE 19
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<PAGE> PAGE 20
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025 A000408 MORGAN STANLEY DEAN WITTER
025 C000408 E
025 D000408 559
025 A000409 PAINE WEBBER
025 C000409 E
025 D000409 97
025 A000410 CHARLES SCHWAB
025 C000410 E
025 D000410 121
025 D000411 0
025 D000412 0
025 D000413 0
025 D000414 0
025 D000415 0
025 D000416 0
045 000400 Y
046 000400 N
047 000400 Y
048 000400 0.550
048 A010400 0
048 A020400 0.000
048 B010400 0
048 B020400 0.000
048 C010400 0
048 C020400 0.000
048 D010400 0
048 D020400 0.000
048 E010400 0
048 E020400 0.000
048 F010400 0
048 F020400 0.000
048 G010400 0
048 G020400 0.000
048 H010400 0
048 H020400 0.000
048 I010400 0
048 I020400 0.000
048 J010400 0
048 J020400 0.000
<PAGE> PAGE 21
048 K010400 0
048 K020400 0.000
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
063 A000400 0
063 B000400 0.0
066 A000400 Y
066 B000400 N
066 C000400 N
066 D000400 N
066 E000400 N
066 F000400 N
066 G000400 Y
067 000400 Y
068 A000400 N
068 B000400 N
069 000400 N
070 A010400 Y
070 A020400 Y
070 B010400 Y
070 B020400 N
070 C010400 Y
070 C020400 N
070 D010400 Y
070 D020400 N
070 E010400 Y
070 E020400 N
070 F010400 Y
070 F020400 N
070 G010400 Y
070 G020400 N
070 H010400 Y
070 H020400 N
070 I010400 N
070 I020400 N
<PAGE> PAGE 22
070 J010400 Y
070 J020400 N
070 K010400 Y
070 K020400 Y
070 L010400 Y
070 L020400 N
070 M010400 Y
070 M020400 N
070 N010400 Y
070 N020400 Y
070 O010400 Y
070 O020400 N
070 P010400 Y
070 P020400 N
070 Q010400 N
070 Q020400 N
070 R010400 Y
070 R020400 N
071 A000400 28486
071 B000400 15007
071 C000400 241228
071 D000400 6
072 A000400 6
072 B000400 1238
072 C000400 1958
072 D000400 0
072 E000400 0
072 F000400 705
072 G000400 0
072 H000400 0
072 I000400 0
072 J000400 0
072 K000400 0
072 L000400 0
072 M000400 0
072 N000400 0
072 O000400 0
072 P000400 0
072 Q000400 0
072 R000400 0
072 S000400 0
072 T000400 0
072 U000400 0
072 V000400 0
072 W000400 0
072 X000400 705
072 Y000400 0
072 Z000400 2491
072AA000400 6605
072BB000400 0
072CC010400 0
<PAGE> PAGE 23
072CC020400 27034
072DD010400 0
072DD020400 0
072EE000400 0
073 A010400 0.0000
073 A020400 0.0000
073 B000400 0.0000
073 C000400 0.0000
074 A000400 1
074 B000400 9000
074 C000400 21148
074 D000400 34090
074 E000400 0
074 F000400 184582
074 G000400 0
074 H000400 0
074 I000400 0
074 J000400 0
074 K000400 0
074 L000400 754
074 M000400 0
074 N000400 249575
074 O000400 0
074 P000400 0
074 Q000400 0
074 R010400 0
074 R020400 0
074 R030400 0
074 R040400 24057
074 S000400 0
074 T000400 225518
074 U010400 0
074 U020400 0
074 V010400 0.00
074 V020400 0.00
074 W000400 0.0000
074 X000400 2
074 Y000400 0
075 A000400 0
075 B000400 253113
076 000400 0.00
024 000500 Y
025 A000501 BEAR STEARNS
025 C000501 E
025 D000501 136
025 A000502 DONALDSON LUFKIN & JENRETTE
025 C000502 E
025 D000502 49
025 A000503 AG EDWARDS & SONS
025 C000503 E
025 D000503 131
<PAGE> PAGE 24
025 A000504 GOLDMAN SACHS
025 C000504 D
025 D000504 1900
025 A000505 LEHMAN BROTHERS
025 C000505 E
025 D000505 130
025 A000506 MERRILL LYNCH
025 C000506 E
025 D000506 720
025 A000507 JP MORGAN
025 C000507 E
025 D000507 539
025 A000508 MORGAN STANLEY DEAN WITTER
025 C000508 E
025 D000508 1141
025 A000509 PAINE WEBBER
025 C000509 E
025 D000509 207
025 A000510 CHARLES SCHWAB
025 C000510 E
025 D000510 320
025 D000511 0
025 D000512 0
025 D000513 0
025 D000514 0
025 D000515 0
025 D000516 0
045 000500 Y
046 000500 N
047 000500 Y
048 000500 0.550
048 A010500 0
048 A020500 0.000
048 B010500 0
048 B020500 0.000
048 C010500 0
048 C020500 0.000
048 D010500 0
048 D020500 0.000
048 E010500 0
048 E020500 0.000
048 F010500 0
048 F020500 0.000
048 G010500 0
048 G020500 0.000
048 H010500 0
048 H020500 0.000
048 I010500 0
048 I020500 0.000
048 J010500 0
048 J020500 0.000
<PAGE> PAGE 25
048 K010500 0
048 K020500 0.000
062 A000500 N
062 B000500 0.0
062 C000500 0.0
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
063 A000500 0
063 B000500 0.0
066 A000500 Y
066 B000500 N
066 C000500 N
066 D000500 N
066 E000500 N
066 F000500 N
066 G000500 Y
067 000500 Y
068 A000500 N
068 B000500 N
069 000500 N
070 A010500 Y
070 A020500 Y
070 B010500 Y
070 B020500 N
070 C010500 Y
070 C020500 N
070 D010500 Y
070 D020500 N
070 E010500 Y
070 E020500 N
070 F010500 Y
070 F020500 N
070 G010500 Y
070 G020500 N
070 H010500 Y
070 H020500 N
070 I010500 N
070 I020500 N
<PAGE> PAGE 26
070 J010500 Y
070 J020500 N
070 K010500 Y
070 K020500 Y
070 L010500 Y
070 L020500 N
070 M010500 Y
070 M020500 N
070 N010500 Y
070 N020500 Y
070 O010500 Y
070 O020500 N
070 P010500 Y
070 P020500 N
070 Q010500 N
070 Q020500 N
070 R010500 Y
070 R020500 N
071 A000500 54214
071 B000500 19131
071 C000500 432014
071 D000500 4
072 A000500 6
072 B000500 184
072 C000500 3859
072 D000500 0
072 E000500 0
072 F000500 1243
072 G000500 0
072 H000500 0
072 I000500 0
072 J000500 0
072 K000500 0
072 L000500 0
072 M000500 0
072 N000500 0
072 O000500 0
072 P000500 0
072 Q000500 0
072 R000500 0
072 S000500 0
072 T000500 0
072 U000500 0
072 V000500 0
072 W000500 0
072 X000500 1243
072 Y000500 0
072 Z000500 2800
072AA000500 10648
072BB000500 0
072CC010500 0
<PAGE> PAGE 27
072CC020500 56178
072DD010500 0
072DD020500 0
072EE000500 0
073 A010500 0.0000
073 A020500 0.0000
073 B000500 0.0000
073 C000500 0.0000
074 A000500 0
074 B000500 19000
074 C000500 23183
074 D000500 0
074 E000500 0
074 F000500 390441
074 G000500 0
074 H000500 0
074 I000500 0
074 J000500 0
074 K000500 0
074 L000500 766
074 M000500 0
074 N000500 433390
074 O000500 0
074 P000500 0
074 Q000500 0
074 R010500 0
074 R020500 0
074 R030500 0
074 R040500 41889
074 S000500 0
074 T000500 391501
074 U010500 0
074 U020500 0
074 V010500 0.00
074 V020500 0.00
074 W000500 0.0000
074 X000500 2
074 Y000500 0
075 A000500 0
075 B000500 446008
076 000500 0.00
024 001100 N
025 A001101 DELETE
025 D001101 0
025 D001102 0
025 D001103 0
025 D001104 0
025 D001105 0
025 D001106 0
025 D001107 0
025 D001108 0
<PAGE> PAGE 28
045 001100 Y
046 001100 N
047 001100 Y
048 001100 0.300
048 A011100 0
048 A021100 0.000
048 B011100 0
048 B021100 0.000
048 C011100 0
048 C021100 0.000
048 D011100 0
048 D021100 0.000
048 E011100 0
048 E021100 0.000
048 F011100 0
048 F021100 0.000
048 G011100 0
048 G021100 0.000
048 H011100 0
048 H021100 0.000
048 I011100 0
048 I021100 0.000
048 J011100 0
048 J021100 0.000
048 K011100 0
048 K021100 0.000
062 A001100 Y
062 B001100 79.9
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 1.9
062 M001100 19.9
062 N001100 0.0
062 O001100 0.0
062 P001100 0.0
062 Q001100 0.0
062 R001100 0.0
063 A001100 0
063 B001100 14.7
066 A001100 N
067 001100 N
068 A001100 N
068 B001100 N
069 001100 N
<PAGE> PAGE 29
070 A011100 Y
070 A021100 N
070 B011100 N
070 B021100 N
070 C011100 N
070 C021100 N
070 D011100 N
070 D021100 N
070 E011100 Y
070 E021100 N
070 F011100 N
070 F021100 N
070 G011100 Y
070 G021100 N
070 H011100 N
070 H021100 N
070 I011100 Y
070 I021100 N
070 J011100 N
070 J021100 N
070 K011100 N
070 K021100 N
070 L011100 Y
070 L021100 N
070 M011100 N
070 M021100 N
070 N011100 Y
070 N021100 Y
070 O011100 Y
070 O021100 N
070 P011100 N
070 P021100 N
070 Q011100 N
070 Q021100 N
070 R011100 Y
070 R021100 N
071 A001100 16382
071 B001100 22125
071 C001100 15500
071 D001100 106
072 A001100 6
072 B001100 1325
072 C001100 0
072 D001100 0
072 E001100 0
072 F001100 68
072 G001100 0
072 H001100 0
072 I001100 0
072 J001100 0
072 K001100 0
<PAGE> PAGE 30
072 L001100 0
072 M001100 0
072 N001100 0
072 O001100 0
072 P001100 0
072 Q001100 0
072 R001100 0
072 S001100 0
072 T001100 0
072 U001100 0
072 V001100 0
072 W001100 0
072 X001100 68
072 Y001100 0
072 Z001100 1257
072AA001100 268
072BB001100 0
072CC011100 60
072CC021100 0
072DD011100 0
072DD021100 0
072EE001100 0
073 A011100 0.0000
073 A021100 0.0000
073 B001100 0.0000
073 C001100 0.0000
074 A001100 1
074 B001100 0
074 C001100 37370
074 D001100 9075
074 E001100 0
074 F001100 0
074 G001100 0
074 H001100 0
074 I001100 0
074 J001100 0
074 K001100 0
074 L001100 140
074 M001100 0
074 N001100 46586
074 O001100 0
074 P001100 0
074 Q001100 0
074 R011100 0
074 R021100 0
074 R031100 0
074 R041100 912
074 S001100 0
074 T001100 45674
074 U011100 0
074 U021100 0
<PAGE> PAGE 31
074 V011100 0.00
074 V021100 0.00
074 W001100 0.0000
074 X001100 2
074 Y001100 0
075 A001100 0
075 B001100 44996
076 001100 0.00
024 001200 Y
025 A001201 GOLDMAN SACHS
025 C001201 D
025 D001201 9000
025 A001202 LEHMAN BROTHERS
025 C001202 D
025 D001202 541
025 A001203 DELETE
025 D001203 0
025 D001204 0
025 D001205 0
025 D001206 0
025 D001207 0
025 D001208 0
045 001200 Y
046 001200 N
047 001200 Y
048 001200 0.080
048 A011200 0
048 A021200 0.000
048 B011200 0
048 B021200 0.000
048 C011200 0
048 C021200 0.000
048 D011200 0
048 D021200 0.000
048 E011200 0
048 E021200 0.000
048 F011200 0
048 F021200 0.000
048 G011200 0
048 G021200 0.000
048 H011200 0
048 H021200 0.000
048 I011200 0
048 I021200 0.000
048 J011200 0
048 J021200 0.000
048 K011200 0
048 K021200 0.000
062 A001200 Y
062 B001200 2.4
062 C001200 0.0
<PAGE> PAGE 32
062 D001200 8.8
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 7.2
062 M001200 55.8
062 N001200 9.0
062 O001200 0.0
062 P001200 29.3
062 Q001200 2.3
062 R001200 0.0
063 A001200 0
063 B001200 8.5
066 A001200 N
067 001200 N
068 A001200 N
068 B001200 N
069 001200 Y
070 A011200 Y
070 A021200 Y
070 B011200 N
070 B021200 N
070 C011200 N
070 C021200 N
070 D011200 Y
070 D021200 N
070 E011200 N
070 E021200 N
070 F011200 Y
070 F021200 N
070 G011200 Y
070 G021200 N
070 H011200 N
070 H021200 N
070 I011200 Y
070 I021200 N
070 J011200 N
070 J021200 N
070 K011200 Y
070 K021200 N
070 L011200 Y
070 L021200 N
070 M011200 Y
070 M021200 N
070 N011200 Y
070 N021200 Y
070 O011200 Y
<PAGE> PAGE 33
070 O021200 N
070 P011200 Y
070 P021200 N
070 Q011200 N
070 Q021200 N
070 R011200 Y
070 R021200 N
071 A001200 21039
071 B001200 15051
071 C001200 93753
071 D001200 16
072 A001200 6
072 B001200 3197
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072 D001200 0
072 E001200 0
072 F001200 39
072 G001200 0
072 H001200 0
072 I001200 0
072 J001200 0
072 K001200 0
072 L001200 0
072 M001200 0
072 N001200 0
072 O001200 0
072 P001200 0
072 Q001200 0
072 R001200 0
072 S001200 0
072 T001200 0
072 U001200 0
072 V001200 0
072 W001200 0
072 X001200 39
072 Y001200 0
072 Z001200 3158
072AA001200 3
072BB001200 0
072CC011200 1955
072CC021200 0
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072DD021200 0
072EE001200 0
073 A011200 0.0000
073 A021200 0.0000
073 B001200 0.0000
073 C001200 0.0000
074 A001200 1
074 B001200 9000
074 C001200 9823
<PAGE> PAGE 34
074 D001200 98927
074 E001200 0
074 F001200 0
074 G001200 0
074 H001200 0
074 I001200 0
074 J001200 0
074 K001200 0
074 L001200 1264
074 M001200 0
074 N001200 119015
074 O001200 0
074 P001200 0
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074 R011200 0
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074 R031200 0
074 R041200 16404
074 S001200 0
074 T001200 102611
074 U011200 0
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074 V021200 0.00
074 W001200 0.0000
074 X001200 2
074 Y001200 0
075 A001200 0
075 B001200 96589
076 001200 0.00
024 001300 Y
025 A001301 BEAR STEARNS
025 C001301 E
025 D001301 1227
025 A001302 GOLDMAN SACHS
025 C001302 D
025 D001302 19000
025 A001303 LEHMAN BROTHERS
025 C001303 E
025 D001303 1370
025 A001304 MERRILL LYNCH
025 C001304 E
025 D001304 6686
025 A001305 JP MORGAN
025 C001305 E
025 D001305 4846
025 A001306 MORGAN STANLEY DEAN WITTER
025 C001306 E
025 D001306 10218
025 A001307 CHARLES SCHWAB
025 C001307 E
<PAGE> PAGE 35
025 D001307 2327
025 D001308 0
045 001300 Y
046 001300 N
047 001300 Y
048 001300 0.050
048 A011300 0
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048 B011300 0
048 B021300 0.000
048 C011300 0
048 C021300 0.000
048 D011300 0
048 D021300 0.000
048 E011300 0
048 E021300 0.000
048 F011300 0
048 F021300 0.000
048 G011300 0
048 G021300 0.000
048 H011300 0
048 H021300 0.000
048 I011300 0
048 I021300 0.000
048 J011300 0
048 J021300 0.000
048 K011300 0
048 K021300 0.000
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
063 A001300 0
063 B001300 0.0
066 A001300 Y
066 B001300 N
066 C001300 N
<PAGE> PAGE 36
066 D001300 N
066 E001300 N
066 F001300 N
066 G001300 Y
067 001300 N
068 A001300 N
068 B001300 N
069 001300 Y
070 A011300 Y
070 A021300 Y
070 B011300 N
070 B021300 N
070 C011300 N
070 C021300 N
070 D011300 N
070 D021300 N
070 E011300 N
070 E021300 N
070 F011300 Y
070 F021300 Y
070 G011300 N
070 G021300 N
070 H011300 N
070 H021300 N
070 I011300 N
070 I021300 N
070 J011300 N
070 J021300 N
070 K011300 Y
070 K021300 N
070 L011300 Y
070 L021300 N
070 M011300 N
070 M021300 N
070 N011300 Y
070 N021300 Y
070 O011300 Y
070 O021300 N
070 P011300 N
070 P021300 N
070 Q011300 N
070 Q021300 N
070 R011300 N
070 R021300 N
071 A001300 339932
071 B001300 25864
071 C001300 2387998
071 D001300 1
072 A001300 6
072 B001300 4246
072 C001300 17797
<PAGE> PAGE 37
072 D001300 0
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072 F001300 661
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072 O001300 0
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072 R001300 0
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072 V001300 0
072 W001300 0
072 X001300 661
072 Y001300 0
072 Z001300 21382
072AA001300 21408
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072CC021300 259869
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072DD021300 0
072EE001300 0
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074 A001300 180
074 B001300 19000
074 C001300 135109
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074 N001300 2403484
074 O001300 4859
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<PAGE> PAGE 38
074 R011300 0
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074 R041300 90400
074 S001300 0
074 T001300 2308225
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074 X001300 2
074 Y001300 0
075 A001300 0
075 B001300 210574
076 001300 0.00
024 001400 Y
025 A001401 BEAR STEARNS
025 C001401 E
025 D001401 195
025 A001402 GOLDMAN SACHS
025 C001402 D
025 D001402 23000
025 A001403 LEHMAN BROTHERS
025 C001403 E
025 D001403 216
025 A001404 MERRILL LYNCH
025 C001404 E
025 D001404 1050
025 A001405 JP MORGAN
025 C001405 E
025 D001405 764
025 A001406 MORGAN STANLEY DEAN WITTER
025 C001406 E
025 D001406 1602
025 A001407 CHARLES SCHWAB
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025 D001407 368
025 D001408 0
045 001400 Y
046 001400 N
047 001400 Y
048 001400 0.350
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<PAGE> PAGE 39
048 E011400 0
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048 F021400 0.000
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048 I011400 0
048 I021400 0.000
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062 O001400 0.0
062 P001400 0.0
062 Q001400 0.0
062 R001400 0.0
063 A001400 0
063 B001400 0.0
066 A001400 Y
066 B001400 N
066 C001400 N
066 D001400 N
066 E001400 Y
066 F001400 N
066 G001400 N
067 001400 Y
068 A001400 N
068 B001400 N
069 001400 N
070 A011400 Y
070 A021400 Y
070 B011400 N
070 B021400 N
070 C011400 N
070 C021400 N
<PAGE> PAGE 40
070 D011400 N
070 D021400 N
070 E011400 N
070 E021400 N
070 F011400 N
070 F021400 N
070 G011400 Y
070 G021400 N
070 H011400 N
070 H021400 N
070 I011400 Y
070 I021400 N
070 J011400 N
070 J021400 N
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<NAME> MASTER INVESTMENT PORTFOLIO
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<NAME> LIFEPATH 2040 MASTER PORTFOLIO
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