HIGH YIELD MUNICIPALS PORTFOLIO
N-8A, 1995-05-18
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                          SECURITIES AND EXCHANGE COMMISSION
                               Washington, D.C.  20549

                                      FORM N-8A

                    NOTIFICATION OF REGISTRATION FILED PURSUANT TO
                 SECTION 8(a) OF THE INVESTMENT COMPANY ACT OF 1940

              The undersigned investment company hereby notifies the Securities
     and Exchange Commission that it registers under and pursuant to the
     provisions of Section 8(a) of the Investment Company Act of 1940 and in
     connection with such notification of registration submits the following
     information:

     Name:  High Yield Municipals Portfolio

     Address of Principal Business Office:
              24 Federal Street
              Boston, Massachusetts  02110

     Telephone Number:  (617) 482-8260

     Name and address of agent for service of process:
              Thomas Otis
              24 Federal Street
              Boston, Massachusetts  02110

     Check Appropriate Box:
              Registrant is filing a Registration Statement pursuant to Section
     8(b) of the Investment Company Act of 1940 concurrently with the filing of
     Form N-8A:  YES [x]  NO [ ]


                                     SIGNATURES 

              Pursuant to the requirements of the Investment Company Act of
     1940, the registrant has caused this notification of registration to be
     duly signed on its behalf in the City of Boston and the Commonwealth of
     Massachusetts on the 17th day of May, 1995.

                                       HIGH YIELD MUNICIPALS PORTFOLIO

                                       By: /s/ Thomas J. Fetter
                                           ---------------------------
                                                Thomas J. Fetter
                                                President

     Attest: /s/ Thomas Otis  
              ----------------------
               Thomas Otis
               Secretary
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