<PAGE> PAGE 1
000 A000000 06/30/1998
000 C000000 0000921923
000 D000000 N
000 E000000 NF
000 F000000 Y
000 G000000 N
000 H000000 N
000 I000000 6.1
000 J000000 A
001 A000000 MENTOR INSTITUTIONAL TRUST
001 B000000 811-8484
001 C000000 8047823294
002 A000000 901 EAST BYRD STREET, RIVERFRON PLAZA W
002 B000000 RICHMOND
002 C000000 VA
002 D010000 23219
003 000000 N
004 000000 N
005 000000 N
006 000000 N
007 A000000 Y
007 B000000 1
007 C010100 1
007 C020100 SNAP FUND
007 C030100 N
007 C010200 2
007 C010300 3
007 C010400 4
007 C010500 5
007 C010600 6
007 C010700 7
007 C010800 8
007 C010900 9
007 C011000 10
010 A00AA01 MENTOR INVESTMENT GROUP, LLC
010 C01AA01 RICHMOND
010 C02AA01 VA
010 C03AA01 23219
011 A00AA01 MENTOR DISTRIBUTORS, LLC
011 B00AA01 8-8-44487
011 C01AA01 COLUMBUS,
011 C02AA01 OH
011 C03AA01 43219
013 A00AA01 KPMG PEAT MARWICK
013 B01AA01 BOSTON
013 B02AA01 MA
013 B03AA01 02108
014 A00AA01 WHEAT FIRST SECURITIES INC
014 B00AA01 8-008877
014 A00AA02 EVEREN SECURITIES, INC
014 B00AA02 8-a37180
<PAGE> PAGE 2
018 00AA00 Y
019 A00AA00 Y
019 B00AA00 26
019 C00AA00 MENTORFAMI
020 A000001 ALL SECURITIES IN ALL THE FUND'S ARE DEBT SEC
020 C000001 0
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020 C000005 0
020 C000006 0
020 C000007 0
020 C000008 0
020 C000009 0
020 C000010 0
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022 C000001 27756662
022 D000001 27756662
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022 C000002 841856
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022 A000003 LEHMAN BROTHERS
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022 C000003 674820
022 D000003 674820
022 A000004 MERRILL LYNCH
022 B000004 13-1875951
022 C000004 378037
022 D000004 378037
022 A000005 JP MORGAN
022 B000005 13-3224016
022 C000005 346500
022 D000005 346500
022 A000006 FIRST BOSTON
022 B000006 13-5659485
022 C000006 252127
022 D000006 252127
022 A000007 HARRIS TRUST
022 B000007 36-1194448
022 C000007 200000
022 D000007 200000
022 A000008 NATIONSBANK
022 B000008 75-0520130
022 C000008 148781
022 D000008 148781
022 A000009 BANK OF MONTREAL
022 C000009 120000
022 D000009 120000
<PAGE> PAGE 3
022 A000010 BANK OF NEW YORK
022 C000010 100000
022 D000010 100000
023 C000000 30818783
023 D000000 30818783
026 A000000 N
026 B000000 N
026 C000000 N
026 D000000 N
026 E000000 N
026 F000000 N
026 G010000 N
026 G020000 N
026 H000000 N
027 000000 Y
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042 E00AA00 0
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068 A00AA00 N
068 B00AA00 N
069 00AA00 N
077 A000000 N
078 000000 N
080 A00AA00 NATIONAL UNION FIRE INSURANCE COMPANY
080 B00AA00 USF&G
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081 A00AA00 Y
<PAGE> PAGE 4
081 B00AA00 5
082 A00AA00 N
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083 A00AA00 N
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084 A00AA00 N
084 B00AA00 0
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086 F020000 0
008 A000101 MENTOR INVESTMENT ADVISORS, LLC
008 B000101 A
008 C000101 801-40384
008 D010101 RICHMOND
008 D020101 VA
008 D030101 23219
012 A000101 BOSTON FINANCIAL DATA SERVICES, INC.
012 B000101 84-0089600
012 C010101 BOSTON
012 C020101 MA
012 C030101 02108
015 A000101 WACHOVIA BANK
015 B000101 C
015 C010101 WINSTON-SALEM
015 C020101 NC
015 C030101 27101
015 E010101 X
024 000100 Y
025 A000101 NATIONSBANK
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<PAGE> PAGE 5
028 A020100 4730
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<PAGE> PAGE 6
048 J020100 0.000
048 K010100 1250000
048 K020100 0.050
049 000100 N
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054 B000100 Y
054 C000100 Y
054 D000100 N
054 E000100 N
054 F000100 N
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054 K000100 N
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<PAGE> PAGE 7
063 B000100 0.0
064 A000100 Y
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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
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070 L010100 N
070 L020100 N
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070 O020100 N
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070 R010100 N
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072 B000100 57058
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<PAGE> PAGE 8
072 J000100 146
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<PAGE> PAGE 9
074 U010100 1265136
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024 000500 N
SIGNATURE
TITLE
Independent Auditors' Report
The Board of Trustees
Mentor Institutional Trust
We have audited the accompanying statement of assets and liabilities, including
the portfolio of investments of the SNAP Fund, a portfolio of Mentor
Institutional Trust, as of June 30, 1999, and the related statement of
operations for the year then ended, statements of changes in net assets for each
of the years in the two-year period then ended and financial highlights for
each of the years in the three-year period then ended and for the period from
July 24, 1995 (commencement of operations as a registrant under the Investment
Company Act of 1940) to June 30, 1996. These financial statements and
financial highlights are the responsibility of the Fund's management. Our
responsibility is to express an opinion on these financial statements and
financial highlights based on our audits.
We conducted our audits in accordance with generally accepted auditing
standards. Those standards require that we plan and perform the audit to obtain
reasonable assurance about whether the financial statements and financial
highlights are free of material misstatement. An audit includes examining, on a
test basis, evidence supporting the amounts and disclosures in the financial
statements. Our procedures included confirmation of securities owned as of
June 30, 1999 by correspondence with the customer. An audit also includes
assessing the accounting principles used and significant estimates made by
management, as well as evaluating the overall financial statement presentation.
We believe that our audits provide a reasonable basis for our opinion.
In our opinion, the financial statements and financial highlights referred to
above present fairly, in all material respects, the financial position of the
SNAP Fund, a portfolio of Mentor Institutional Trust, as of June 30, 1999, and
the results of its operations for the year then ended, changes in its net assets
for each of the years in the two-year period then ended and financial
highlights for each of the years in the three-year period then ended and for the
period from July 25, 1995 (commencement of operations as registrant under the
Investment Company Act of 1940) to June 30, 1996, in conformity with generally
accepted accounting principles.
/s/ KPMG Peat Marwick LLP
Boston, Massachusetts
August 6, 1999
