<PAGE>      PAGE  1
000 B000000 12/31/97
000 C000000 706453
000 D000000 N
000 E000000 NF
000 F000000 Y
000 G000000 Y
000 H000000 N
000 I000000 3.0.a
000 J000000 A
001 A000000 MANAGED ASSETS TRUST
001 B000000 811-3568
001 C000000 2128166550
002 A000000 388 GREENWICH STREET
002 B000000 NEW YORK
002 C000000 NY
002 D010000 10013
003  000000 N
004  000000 N
005  000000 N
006  000000 N
007 A000000 N
007 B000000  0
007 C010100  1
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
008 A000001 SMITH BARNEY
008 B000001 S
008 C000001 801-3389
008 D010001 NEW YORK
008 D020001 NY
008 D030001 10013
008 A000002 TRAVELERS ASSET MANAGEMENT INT'L CORP.
008 B000002 A
008 C000002 801-000000
008 D010002 HARTFORD
008 D020002 CT
008 D030002 06183
010 A000001 SMITH BARNEY
010 B000001 801-14437
010 C010001 NEW YORK
010 C020001 NY
010 C030001 10013
011 A000001 SMITH BARNEY
011 B000001 8-81777
<PAGE>      PAGE  2
011 C010001 NEW YORK
011 C020001 NY
011 C030001 10013
012 A000001 FIRST DATA INVESTOR SERVICES GROUP
012 B000001 84-0000000
012 C010001 BOSTON
012 C020001 MA
012 C030001 02104
013 A000001 COOPERS AND LYBRAND LLP
013 B010001 HARTFORD
013 B020001 CT
013 B030001 06103
015 A000001 PNC BANK
015 B000001 C
015 C010001 PHILADELPHIA
015 C020001 PA
015 C030001 19103
015 E010001 X
018  000000 Y
019 A000000 Y
019 B000000  127
019 C000000 BARNEY0000
020 A000001 SMITH BARNEY
020 B000001 13-1912900
020 C000001     15
020 A000002 BEAR STEARNS
020 B000002 13-3299429
020 C000002     14
020 A000003 AUTRANET
020 B000003 13-3488904
020 C000003     12
020 A000004 PAINE WEBBER
020 B000004 13-2538166
020 C000004     11
020 A000005 GOLDMAN SACHS
020 B000005 13-5108880
020 C000005      9
020 A000006 CL GLAZIER
020 B000006 N/A
020 C000006      7
020 A000007 FIRST BOSTON
020 B000007 13-5659485
020 C000007      6
020 A000008 STANDARD AND POORS
020 B000008 N/A
020 C000008      5
020 A000009 INSTINET
020 B000009 13-3443395
020 C000009      5
020 A000010 CANTOR FITZGERALD
020 B000010 13-3680187
<PAGE>      PAGE  3
020 C000010      5
021  000000       89
022 A000001 GOLDMAN SACHS
022 B000001 13-5108880
022 C000001     29125
022 D000001     25718
022 A000002 SMITH BARNEY
022 B000002 13-1912900
022 C000002     10445
022 D000002      4443
022 A000003 MORGAN STANLEY
022 B000003 13-2655998
022 C000003     24271
022 D000003     23942
022 A000004 JP MORGAN
022 B000004 13-3224016
022 C000004      3677
022 D000004      7519
022 A000005 MERRILL LYNCH
022 B000005 13-5674085
022 C000005     12858
022 D000005      9130
022 A000006 PAINE WEBBER
022 B000006 13-2638166
022 C000006      4427
022 D000006      4248
022 A000007 SALOMON BROTHERS
022 B000007 13-3082694
022 C000007      5932
022 D000007      8446
022 A000008 CS FIRST BOSTON
022 B000008 13-5659485
022 C000008      4006
022 D000008     14420
022 A000009 DONALDSON, LUFKIN & JENRETTE SECURITIES
022 B000009 13-2741729
022 C000009      6646
022 D000009      1534
022 A000010 UBS SECURITIES
022 B000010 13-2932996
022 C000010      7107
022 D000010      7722
023 C000000     108494
023 D000000     107122
024  000000 N
025 D000001       0
025 D000002       0
025 D000003       0
025 D000004       0
025 D000005       0
025 D000006       0
<PAGE>      PAGE  4
025 D000007       0
025 D000008       0
027  000000 Y
028 A010000       534
028 A020000         0
028 A030000         0
028 A040000      1115
028 B010000       827
028 B020000         0
028 B030000         0
028 B040000       750
028 C010000       551
028 C020000         0
028 C030000         0
028 C040000      1564
028 D010000       416
028 D020000         0
028 D030000         0
028 D040000      1652
028 E010000       856
028 E020000         0
028 E030000         0
028 E040000       523
028 F010000       766
028 F020000      6284
028 F030000         0
028 F040000      1107
028 G010000      3950
028 G020000      6284
028 G030000         0
028 G040000      6711
028 H000000         0
029  000000 N
030 A000000      0
030 B000000  0.00
030 C000000  0.00
031 A000000      0
031 B000000      0
032  000000      0
033  000000      0
034  000000 N
035  000000      0
036 B000000      0
037  000000 N
038  000000      0
042 A000000   0
042 B000000   0
042 C000000   0
042 D000000   0
042 E000000   0
042 F000000   0
<PAGE>      PAGE  5
042 G000000   0
042 H000000   0
043  000000      0
044  000000      0
045  000000 Y
046  000000 Y
047  000000 Y
048  000000  0.560
048 A010000        0
048 A020000 0.000
048 B010000        0
048 B020000 0.000
048 C010000        0
048 C020000 0.000
048 D010000        0
048 D020000 0.000
048 E010000        0
048 E020000 0.000
048 F010000        0
048 F020000 0.000
048 G010000        0
048 G020000 0.000
048 H010000        0
048 H020000 0.000
048 I010000        0
048 I020000 0.000
048 J010000        0
048 J020000 0.000
048 K010000        0
048 K020000 0.000
061  000000        0
062 A000000 N
062 B000000   0.0
062 C000000   0.0
062 D000000   0.0
062 E000000   0.0
062 F000000   0.0
062 G000000   0.0
062 H000000   0.0
062 I000000   0.0
062 J000000   0.0
062 K000000   0.0
062 L000000   0.0
062 M000000   0.0
062 N000000   0.0
062 O000000   0.0
062 P000000   0.0
062 Q000000   0.0
062 R000000   0.0
063 A000000   0
063 B000000  0.0
<PAGE>      PAGE  6
066 A000000 Y
066 C000000 N
066 D000000 N
066 E000000 N
066 F000000 N
066 G000000 Y
067  000000 Y
068 A000000 N
068 B000000 N
069  000000 N
070 A010000 Y
070 A020000 Y
070 B010000 Y
070 B020000 N
070 C010000 Y
070 C020000 N
070 D010000 Y
070 D020000 N
070 E010000 Y
070 E020000 N
070 F010000 Y
070 F020000 Y
070 G010000 Y
070 G020000 N
070 H010000 Y
070 H020000 N
070 I010000 N
070 I020000 N
070 J010000 Y
070 J020000 Y
070 K010000 Y
070 K020000 N
070 L010000 Y
070 L020000 Y
070 M010000 Y
070 M020000 N
070 N010000 N
070 N020000 N
070 O010000 Y
070 O020000 N
070 P010000 N
070 P020000 N
070 Q010000 N
070 Q020000 N
070 R010000 N
070 R020000 N
071 A000000    186544
071 B000000    176750
071 C000000    197401
071 D000000   90
072 A000000 12
<PAGE>      PAGE  7
072 B000000     5079
072 C000000     2263
072 D000000        0
072 E000000        0
072 F000000     1035
072 G000000      121
072 H000000        0
072 I000000        8
072 J000000       23
072 K000000        0
072 L000000       64
072 M000000        6
072 N000000        0
072 O000000        0
072 P000000        0
072 Q000000        0
072 R000000       34
072 S000000        8
072 T000000        0
072 U000000        0
072 V000000        0
072 W000000        6
072 X000000     1307
072 Y000000        0
072 Z000000     6035
072AA000000    12929
072BB000000        0
072CC010000    20882
072CC020000        0
072DD010000     1479
072DD020000        0
072EE000000     4805
073 A010000   0.1200
073 A020000   0.0000
073 B000000   0.3900
073 C000000   0.0000
074 A000000        1
074 B000000     2527
074 C000000     3448
074 D000000    70107
074 E000000     5101
074 F000000   142217
074 G000000        0
074 H000000        0
074 I000000        0
074 J000000     4388
074 K000000        0
074 L000000     1157
074 M000000        0
074 N000000   228947
074 O000000     4907
<PAGE>      PAGE  8
074 P000000        0
074 Q000000        0
074 R010000        0
074 R020000        0
074 R030000        0
074 R040000      169
074 S000000        0
074 T000000   223871
074 U010000    12682
074 U020000        0
074 V010000    17.65
074 V020000     0.00
074 W000000   0.0000
074 X000000        0
074 Y000000        0
075 A000000        0
075 B000000   207235
076  000000     0.00
077 A000000 N
078  000000 N
080 A000000 ICI MUTUAL INSURANCE CO.
080 C000000    78275
081 A000000 Y
081 B000000 127
082 A000000 N
082 B000000        0
083 A000000 N
083 B000000        0
084 A000000 N
084 B000000        0
085 A000000 Y
085 B000000 N
SIGNATURE   THOMAS M. REYNOLDS                           
TITLE       CONTROLLER