BRINSON RELATIONSHIP FUNDS
NSAR-B, 1998-03-02
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<PAGE>      PAGE  1
000 B000000 12/31/97
000 C000000 0000944684
000 D000000 N
000 E000000 NF
000 F000000 Y
000 G000000 N
000 H000000 N
000 I000000 3.0.a
000 J000000 A
001 A000000 BRINSON RELATIONSHIP FUNDS
001 B000000 811-9036
001 C000000 3122207940
002 A000000 209 LA SALLE STREET
002 B000000 CHICAGO
002 C000000 IL
002 D010000 60604
002 D020000 1295
003  000000 N
004  000000 N
005  000000 N
006  000000 N
007 A000000 Y
007 B000000  8
007 C010100  1
007 C020100 BRINSON GLOBAL SECURITIES FUND
007 C030100 N
007 C010200  2
007 C020200 BRINSON SHORT-TERM FUND
007 C030200 N
007 C010300  3
007 C020300 BRINSON POST-VENTURE FUND
007 C030300 N
007 C010400  4
007 C020400 BRINSON HIGH-YIELD FUND
007 C030400 N
007 C010500  5
007 C020500 BRINSON EMERGING MARKETS EQUITY FUND
007 C030500 N
007 C010600  6
007 C020600 BRINSON EMERGING MARKETS DEBT FUND
007 C030600 N
007 C010700  7
007 C020700 BRINSON GLOBAL EQUITY FUND
007 C030700 N
007 C010800  8
007 C020800 BRINSON U.S. EQUITY FUND
007 C030800 N
007 C010900  9
007 C011000 10
008 A00AA01 BRINSON PARTNERS, INC.
008 B00AA01 A
<PAGE>      PAGE  2
008 C00AA01 801-34910
008 D01AA01 CHICAGO
008 D02AA01 IL
008 D03AA01 60604
008 D04AA01 1295
010 A00AA01 MORGAN STANLEY TRUST CO.
010 C01AA01 BROOKLYN
010 C02AA01 NY
010 C03AA01 11201
012 A00AA01 MORGAN STANLEY TRUST CO.
012 B00AA01 84-0000000
012 C01AA01 BROOKLYN
012 C02AA01 NY
012 C03AA01 11201
013 A00AA01 ERNST & YOUNG LLP
013 B01AA01 CHICAGO
013 B02AA01 IL
013 B03AA01 60606
013 B04AA01 6301
014 A00AA01 SBC WARBURG, INC.
014 B00AA01 8-23745
015 A00AA01 MORGAN STANLEY TRUST COMPANY
015 B00AA01 C
015 C01AA01 BROOKLYN
015 C02AA01 NY
015 C03AA01 11201
015 E01AA01 X
015 A00AA02 MORGAN STANLEY TRUST COMPANY
015 B00AA02 C
015 C01AA02 BROOKLYN
015 C02AA02 NY
015 C03AA02 11201
015 E04AA02 X
018  00AA00 Y
019 A00AA00 Y
019 B00AA00   28
019 C00AA00 BRINSONFDS
020 A000001 MERRILL LYNCH
020 B000001 13-5674085
020 C000001    470
020 A000002 ING BANK
020 C000002    281
020 A000003 SALOMON BROTHERS INC.
020 B000003 13-3082694
020 C000003    270
020 A000004 CROSBY SECURITIES, INC.
020 B000004 13-3431728
020 C000004    240
020 A000005 INSTINET CORP.
020 B000005 13-3443395
020 C000005    203
<PAGE>      PAGE  3
020 A000006 MORGAN STANLEY & CO., INC.
020 B000006 13-2655998
020 C000006    203
020 A000007 DEUTSCHE BANK CAPITAL CORP.
020 B000007 13-6124068
020 C000007    189
020 A000008 KLEINWORT BENSON INC.
020 B000008 13-2647786
020 C000008    188
020 A000009 RASHID HUSSEIN
020 C000009    145
020 A000010 ZANNEX SECURITIES
020 C000010    139
021  000000     5756
022 A000001 GOLDMAN SACHS
022 B000001 13-5108880
022 C000001  11166097
022 D000001    196340
022 A000002 MORGAN STANLEY & CO., INC.
022 B000002 13-2655998
022 C000002   5242315
022 D000002    361657
022 A000003 LEHMAN BROTHERS
022 B000003 13-2518466
022 C000003   3299536
022 D000003    437784
022 A000004 MERRILL LYNCH, INC.
022 B000004 13-5674085
022 C000004   2890744
022 D000004    310760
022 A000005 MORGAN (J.P.) SECURITIES, INC.
022 B000005 13-3224016
022 C000005   1612824
022 D000005    179672
022 A000006 BANK OF AMERICA NT & SA
022 B000006 94-1687665
022 C000006   1594737
022 D000006      1305
022 A000007 CITICORP INVESTMENT BANK - CITIBANK
022 B000007 13-3502968
022 C000007    929349
022 D000007     11366
022 A000008 BEAR STEARNS & CO.
022 B000008 13-4946705
022 C000008    329702
022 D000008    363006
022 A000009 SALOMON BROTHERS, INC.
022 B000009 13-3082694
022 C000009    257170
022 D000009    237799
022 A000010 GREENWICH CAPITAL MARKET
<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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070 J020400 N
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070 K020400 N
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070 O020400 N
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070 Q020400 N
070 R010400 N
070 R020400 N
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<PAGE>      PAGE  20
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<PAGE>      PAGE  21
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<PAGE>      PAGE  23
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<PAGE>      PAGE  24
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<PAGE>      PAGE  25
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<PAGE>      PAGE  26
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<PAGE>      PAGE  27
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<PAGE>      PAGE  28
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<PAGE>      PAGE  29
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<PAGE>      PAGE  30
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<PAGE>      PAGE  31
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<PAGE>      PAGE  32
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<PAGE>      PAGE  34
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SIGNATURE   CAROLYN M. BURKE                             
TITLE       TREASURER           
 


<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000944684
<NAME> BRINSON RELATIONSHIP FUNDS
<SERIES>
   <NUMBER> 6
   <NAME> BRINSON EMERGING MARKETS DEBT FUND
<MULTIPLIER> 1
       
<S>                             <C>
<PERIOD-TYPE>                  12-MOS
<FISCAL-YEAR-END>                          DEC-31-1997
<PERIOD-START>                             JAN-01-1997
<PERIOD-END>                               DEC-31-1997
<INVESTMENTS-AT-COST>                      421,578,677
<INVESTMENTS-AT-VALUE>                     438,385,406
<RECEIVABLES>                                7,302,878
<ASSETS-OTHER>                                       0
<OTHER-ITEMS-ASSETS>                           359,590
<TOTAL-ASSETS>                             446,047,874
<PAYABLE-FOR-SECURITIES>                    17,897,073
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                       65,754
<TOTAL-LIABILITIES>                         17,962,827
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                   304,657,755
<SHARES-COMMON-STOCK>                       21,163,254
<SHARES-COMMON-PRIOR>                       13,184,226
<ACCUMULATED-NII-CURRENT>                   50,082,652
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                     56,073,125
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                    17,271,515
<NET-ASSETS>                               428,085,047
<DIVIDEND-INCOME>                               51,597
<INTEREST-INCOME>                           26,163,272
<OTHER-INCOME>                                       0
<EXPENSES-NET>                               (346,695)
<NET-INVESTMENT-INCOME>                     25,868,174
<REALIZED-GAINS-CURRENT>                    37,060,810
<APPREC-INCREASE-CURRENT>                 (12,971,139)
<NET-CHANGE-FROM-OPS>                       49,957,845
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                            0
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                     11,490,582
<NUMBER-OF-SHARES-REDEEMED>                (3,511,554)
<SHARES-REINVESTED>                                  0
<NET-CHANGE-IN-ASSETS>                     205,514,479
<ACCUMULATED-NII-PRIOR>                     24,214,478
<ACCUMULATED-GAINS-PRIOR>                   19,012,315
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                                0
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                346,695
<AVERAGE-NET-ASSETS>                       263,115,446
<PER-SHARE-NAV-BEGIN>                           16.882
<PER-SHARE-NII>                                  1.776
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<PER-SHARE-DIVIDEND>                                 0
<PER-SHARE-DISTRIBUTIONS>                            0
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                             20.228
<EXPENSE-RATIO>                                   0.13
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        


</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000944684
<NAME> BRINSON RELATIONSHIP FUNDS
<SERIES>
   <NUMBER> 5
   <NAME> BRINSON EMERGING MARKETS EQUITY FUND
<MULTIPLIER> 1
       
<S>                             <C>
<PERIOD-TYPE>                  12-MOS
<FISCAL-YEAR-END>                          DEC-31-1997
<PERIOD-START>                             JAN-01-1997
<PERIOD-END>                               DEC-31-1997
<INVESTMENTS-AT-COST>                      529,128,674
<INVESTMENTS-AT-VALUE>                     460,172,615
<RECEIVABLES>                                1,066,370
<ASSETS-OTHER>                                 259,380
<OTHER-ITEMS-ASSETS>                         8,631,650
<TOTAL-ASSETS>                             470,130,015
<PAYABLE-FOR-SECURITIES>                     3,066,664
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                   15,190,013
<TOTAL-LIABILITIES>                         18,256,677
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                   534,407,672
<SHARES-COMMON-STOCK>                       49,312,343
<SHARES-COMMON-PRIOR>                       17,606,002
<ACCUMULATED-NII-CURRENT>                   13,362,870
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                   (11,866,490)
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                  (84,030,714)
<NET-ASSETS>                               451,873,338
<DIVIDEND-INCOME>                            5,368,853
<INTEREST-INCOME>                            3,947,095
<OTHER-INCOME>                                       0
<EXPENSES-NET>                               (950,104)
<NET-INVESTMENT-INCOME>                      8,365,844
<REALIZED-GAINS-CURRENT>                   (9,483,262)
<APPREC-INCREASE-CURRENT>                 (85,779,669)
<NET-CHANGE-FROM-OPS>                     (86,897,087)
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                            0
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                     32,314,985
<NUMBER-OF-SHARES-REDEEMED>                  (608,644)
<SHARES-REINVESTED>                                  0
<NET-CHANGE-IN-ASSETS>                     272,535,163
<ACCUMULATED-NII-PRIOR>                      4,997,026
<ACCUMULATED-GAINS-PRIOR>                  (2,383,228)
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                                0
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                950,104
<AVERAGE-NET-ASSETS>                       342,957,186
<PER-SHARE-NAV-BEGIN>                           10.186
<PER-SHARE-NII>                                  0.256
<PER-SHARE-GAIN-APPREC>                        (1.278)
<PER-SHARE-DIVIDEND>                                 0
<PER-SHARE-DISTRIBUTIONS>                            0
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              9.164
<EXPENSE-RATIO>                                   0.28
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        


</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000944684
<NAME> BRINSON RELATIONSHIP FUNDS
<SERIES>
   <NUMBER> 7
   <NAME> BRINSON GLOBAL EQUITY FUND
<MULTIPLIER> 1
       
<S>                             <C>
<PERIOD-TYPE>                  OTHER
<FISCAL-YEAR-END>                          DEC-31-1997
<PERIOD-START>                             AUG-29-1997
<PERIOD-END>                               DEC-31-1997
<INVESTMENTS-AT-COST>                       23,319,094
<INVESTMENTS-AT-VALUE>                      23,410,188
<RECEIVABLES>                                  222,331
<ASSETS-OTHER>                                  10,100
<OTHER-ITEMS-ASSETS>                           167,095
<TOTAL-ASSETS>                              23,809,714
<PAYABLE-FOR-SECURITIES>                       383,213
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                        2,611
<TOTAL-LIABILITIES>                            385,824
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                    23,295,395
<SHARES-COMMON-STOCK>                        2,329,539
<SHARES-COMMON-PRIOR>                                0
<ACCUMULATED-NII-CURRENT>                      138,842
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                      (174,866)
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                       164,519
<NET-ASSETS>                                23,423,890
<DIVIDEND-INCOME>                              134,349
<INTEREST-INCOME>                                8,358
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                 (3,865)
<NET-INVESTMENT-INCOME>                        138,842
<REALIZED-GAINS-CURRENT>                     (174,866)
<APPREC-INCREASE-CURRENT>                      164,519
<NET-CHANGE-FROM-OPS>                          128,495
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                            0
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                      2,329,538
<NUMBER-OF-SHARES-REDEEMED>                          0
<SHARES-REINVESTED>                                  0
<NET-CHANGE-IN-ASSETS>                      23,423,890
<ACCUMULATED-NII-PRIOR>                              0
<ACCUMULATED-GAINS-PRIOR>                            0
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                                0
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                 10,300
<AVERAGE-NET-ASSETS>                        23,530,419
<PER-SHARE-NAV-BEGIN>                           10.000
<PER-SHARE-NII>                                  0.060
<PER-SHARE-GAIN-APPREC>                        (0.004)
<PER-SHARE-DIVIDEND>                                 0
<PER-SHARE-DISTRIBUTIONS>                            0
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                             10.056
<EXPENSE-RATIO>                                   0.05
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        


</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000944684
<NAME> BRINSON RELATIONSHIP FUNDS
<SERIES>
   <NUMBER> 1
   <NAME> BRINSON GLOBAL SECURITIES FUND
<MULTIPLIER> 1
       
<S>                             <C>
<PERIOD-TYPE>                  12-MOS
<FISCAL-YEAR-END>                          DEC-31-1997
<PERIOD-START>                             JAN-01-1997
<PERIOD-END>                               DEC-31-1997
<INVESTMENTS-AT-COST>                    1,569,901,748
<INVESTMENTS-AT-VALUE>                   1,662,898,173
<RECEIVABLES>                               56,947,431
<ASSETS-OTHER>                                 104,212
<OTHER-ITEMS-ASSETS>                        17,174,565
<TOTAL-ASSETS>                           1,737,124,381
<PAYABLE-FOR-SECURITIES>                    21,721,969
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                  410,870,103
<TOTAL-LIABILITIES>                        432,592,072
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                   777,735,632
<SHARES-COMMON-STOCK>                       86,647,824
<SHARES-COMMON-PRIOR>                      130,464,603
<ACCUMULATED-NII-CURRENT>                  151,083,373
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                    288,280,201
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                    87,432,474
<NET-ASSETS>                             1,304,532,309
<DIVIDEND-INCOME>                           15,952,439
<INTEREST-INCOME>                           49,725,484
<OTHER-INCOME>                                       0
<EXPENSES-NET>                               (870,635)
<NET-INVESTMENT-INCOME>                     64,807,288
<REALIZED-GAINS-CURRENT>                   167,608,264
<APPREC-INCREASE-CURRENT>                 (37,368,433)
<NET-CHANGE-FROM-OPS>                      195,047,119
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                            0
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                     24,152,140
<NUMBER-OF-SHARES-REDEEMED>               (67,968,919)
<SHARES-REINVESTED>                                  0
<NET-CHANGE-IN-ASSETS>                   (453,977,157)
<ACCUMULATED-NII-PRIOR>                     86,276,085
<ACCUMULATED-GAINS-PRIOR>                  120,672,565
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                                0
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                870,635
<AVERAGE-NET-ASSETS>                     1,740,921,931
<PER-SHARE-NAV-BEGIN>                           13.479
<PER-SHARE-NII>                                  0.546
<PER-SHARE-GAIN-APPREC>                          1.031
<PER-SHARE-DIVIDEND>                                 0
<PER-SHARE-DISTRIBUTIONS>                            0
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                             15.056
<EXPENSE-RATIO>                                   0.05
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        


</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000944684
<NAME> BRINSON RELATIONSHIP FUNDS
<SERIES>
   <NUMBER> 4
   <NAME> BRINSON HIGH YIELD FUND
<MULTIPLIER> 1
       
<S>                             <C>
<PERIOD-TYPE>                  12-MOS
<FISCAL-YEAR-END>                          DEC-31-1997
<PERIOD-START>                             JAN-01-1997
<PERIOD-END>                               DEC-31-1997
<INVESTMENTS-AT-COST>                      156,238,615
<INVESTMENTS-AT-VALUE>                     155,661,358
<RECEIVABLES>                               11,091,287
<ASSETS-OTHER>                                       0
<OTHER-ITEMS-ASSETS>                             6,402
<TOTAL-ASSETS>                             166,759,047
<PAYABLE-FOR-SECURITIES>                       201,705
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                   10,036,816
<TOTAL-LIABILITIES>                         10,238,521
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                   113,085,855
<SHARES-COMMON-STOCK>                       11,208,425
<SHARES-COMMON-PRIOR>                       13,399,664
<ACCUMULATED-NII-CURRENT>                   32,438,054
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                     11,573,874
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                     (577,257)
<NET-ASSETS>                               156,520,526
<DIVIDEND-INCOME>                            1,088,647
<INTEREST-INCOME>                           13,328,953
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                       0
<NET-INVESTMENT-INCOME>                     14,417,600
<REALIZED-GAINS-CURRENT>                    10,125,145
<APPREC-INCREASE-CURRENT>                  (6,492,577)
<NET-CHANGE-FROM-OPS>                       18,050,168
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                            0
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                      2,464,066
<NUMBER-OF-SHARES-REDEEMED>                (4,655,305)
<SHARES-REINVESTED>                                  0
<NET-CHANGE-IN-ASSETS>                     (8,529,515)
<ACCUMULATED-NII-PRIOR>                     18,020,454
<ACCUMULATED-GAINS-PRIOR>                    1,448,729
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                                0
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                 89,153
<AVERAGE-NET-ASSETS>                       142,071,767
<PER-SHARE-NAV-BEGIN>                           12.318
<PER-SHARE-NII>                                  1.330
<PER-SHARE-GAIN-APPREC>                          0.317
<PER-SHARE-DIVIDEND>                                 0
<PER-SHARE-DISTRIBUTIONS>                            0
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                             13.965
<EXPENSE-RATIO>                                      0
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        


</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000944684
<NAME> BRINSON RELATIONSHIP FUNDS
<SERIES>
   <NUMBER> 3
   <NAME> BRINSON POST-VENTURE FUND
<MULTIPLIER> 1
       
<S>                             <C>
<PERIOD-TYPE>                  12-MOS
<FISCAL-YEAR-END>                          DEC-31-1997
<PERIOD-START>                             JAN-01-1997
<PERIOD-END>                               DEC-31-1997
<INVESTMENTS-AT-COST>                      323,511,447
<INVESTMENTS-AT-VALUE>                     406,650,722
<RECEIVABLES>                                2,436,273
<ASSETS-OTHER>                                  86,910
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                             409,173,905
<PAYABLE-FOR-SECURITIES>                     3,800,357
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                       21,501
<TOTAL-LIABILITIES>                          3,821,858
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                   201,183,173
<SHARES-COMMON-STOCK>                       20,203,483
<SHARES-COMMON-PRIOR>                       19,604,032
<ACCUMULATED-NII-CURRENT>                   14,577,807
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                    106,459,037
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                    83,132,030
<NET-ASSETS>                               405,352,047
<DIVIDEND-INCOME>                            4,863,543
<INTEREST-INCOME>                            1,329,455
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                       0
<NET-INVESTMENT-INCOME>                      6,192,998
<REALIZED-GAINS-CURRENT>                    50,571,206
<APPREC-INCREASE-CURRENT>                   38,360,184
<NET-CHANGE-FROM-OPS>                       95,124,388
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                            0
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                      2,434,473
<NUMBER-OF-SHARES-REDEEMED>                (1,835,022)
<SHARES-REINVESTED>                                  0
<NET-CHANGE-IN-ASSETS>                     106,373,799
<ACCUMULATED-NII-PRIOR>                      8,384,809
<ACCUMULATED-GAINS-PRIOR>                   55,887,831
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                                0
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                106,418
<AVERAGE-NET-ASSETS>                       345,587,753
<PER-SHARE-NAV-BEGIN>                           15.251
<PER-SHARE-NII>                                  0.294
<PER-SHARE-GAIN-APPREC>                          4.519
<PER-SHARE-DIVIDEND>                                 0
<PER-SHARE-DISTRIBUTIONS>                            0
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                             20.064
<EXPENSE-RATIO>                                      0
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        


</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000944684
<NAME> BRINSON RELATIONSHIP FUNDS
<SERIES>
   <NUMBER> 2
   <NAME> BRINSON SHORT-TERM FUND
<MULTIPLIER> 1
       
<S>                             <C>
<PERIOD-TYPE>                  12-MOS
<FISCAL-YEAR-END>                          DEC-31-1997
<PERIOD-START>                             JAN-01-1997
<PERIOD-END>                               DEC-31-1997
<INVESTMENTS-AT-COST>                       66,790,931
<INVESTMENTS-AT-VALUE>                      66,790,931
<RECEIVABLES>                                   21,316
<ASSETS-OTHER>                                       0
<OTHER-ITEMS-ASSETS>                             1,503
<TOTAL-ASSETS>                              66,813,750
<PAYABLE-FOR-SECURITIES>                             0
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                   61,117,352
<TOTAL-LIABILITIES>                         61,117,352
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                     2,049,820
<SHARES-COMMON-STOCK>                          521,838
<SHARES-COMMON-PRIOR>                        2,106,298
<ACCUMULATED-NII-CURRENT>                    3,648,319
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                        (1,741)
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                             0
<NET-ASSETS>                                 5,696,398
<DIVIDEND-INCOME>                                    0
<INTEREST-INCOME>                            3,113,519
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                  26,441
<NET-INVESTMENT-INCOME>                      3,087,078
<REALIZED-GAINS-CURRENT>                       (1,639)
<APPREC-INCREASE-CURRENT>                            0
<NET-CHANGE-FROM-OPS>                        3,085,439
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                            0
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                     16,246,918
<NUMBER-OF-SHARES-REDEEMED>               (17,831,378)
<SHARES-REINVESTED>                                  0
<NET-CHANGE-IN-ASSETS>                    (16,010,969)
<ACCUMULATED-NII-PRIOR>                        561,241
<ACCUMULATED-GAINS-PRIOR>                        (102)
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                                0
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                 52,485
<AVERAGE-NET-ASSETS>                        52,732,768
<PER-SHARE-NAV-BEGIN>                           10.306
<PER-SHARE-NII>                                  0.764
<PER-SHARE-GAIN-APPREC>                        (0.154)
<PER-SHARE-DIVIDEND>                                 0
<PER-SHARE-DISTRIBUTIONS>                            0
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                             10.916
<EXPENSE-RATIO>                                   0.05
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        


</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000944684
<NAME> BRINSON RELATIONSHIP FUNDS
<SERIES>
   <NUMBER> 8
   <NAME> BRINSON U.S. EQUITY FUND
<MULTIPLIER> 1
       
<S>                             <C>
<PERIOD-TYPE>                  OTHER
<FISCAL-YEAR-END>                          DEC-31-1997
<PERIOD-START>                             AUG-29-1997
<PERIOD-END>                               DEC-31-1997
<INVESTMENTS-AT-COST>                       66,722,084
<INVESTMENTS-AT-VALUE>                      66,967,962
<RECEIVABLES>                                6,970,825
<ASSETS-OTHER>                                   6,365
<OTHER-ITEMS-ASSETS>                            98,444
<TOTAL-ASSETS>                              74,050,912
<PAYABLE-FOR-SECURITIES>                       416,988
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                        3,136
<TOTAL-LIABILITIES>                            420,124
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                    72,956,740
<SHARES-COMMON-STOCK>                        7,143,967
<SHARES-COMMON-PRIOR>                                0
<ACCUMULATED-NII-CURRENT>                      356,005
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                         69,403
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                       248,640
<NET-ASSETS>                                73,630,788
<DIVIDEND-INCOME>                              320,832
<INTEREST-INCOME>                               36,846
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                       0
<NET-INVESTMENT-INCOME>                        356,005
<REALIZED-GAINS-CURRENT>                        69,403
<APPREC-INCREASE-CURRENT>                      248,640
<NET-CHANGE-FROM-OPS>                          674,048
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                            0
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                      7,143,966
<NUMBER-OF-SHARES-REDEEMED>                          0
<SHARES-REINVESTED>                                  0
<NET-CHANGE-IN-ASSETS>                      73,630,788
<ACCUMULATED-NII-PRIOR>                              0
<ACCUMULATED-GAINS-PRIOR>                            0
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                                0
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                  8,989
<AVERAGE-NET-ASSETS>                        54,171,318
<PER-SHARE-NAV-BEGIN>                           10.000
<PER-SHARE-NII>                                  0.050
<PER-SHARE-GAIN-APPREC>                          0.257
<PER-SHARE-DIVIDEND>                                 0
<PER-SHARE-DISTRIBUTIONS>                            0
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                             10.307
<EXPENSE-RATIO>                                    .01
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        


</TABLE>


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