<PAGE>      PAGE  1
000 B000000 03/31/2000
000 C000000 875186
000 D000000 N
000 E000000 NF
000 F000000 Y
000 G000000 N
000 H000000 N
000 I000000 6.1
000 J000000 A
001 A000000 MULTI-STRATEGY MARKET NEUTRAL INVESTMENTS
001 B000000 811-6318
001 C000000 2128166560
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 PEQNSUS INVESTMENTS
008 B000001 S
008 C000001 801-000000
008 D010001 BOSTON
008 D020001 MA
008 D030001 02108
008 A000002 STATE STREET GLOBAL ADVISOR
008 B000002 S
008 C000002 801-000000
008 D010002 BOSTON
008 D020002 MA
008 D030002 02110
008 A000003 CALANOS ASET MANAGEMENT
008 B000003 S
008 C000003 801-000000
008 D010003 NAPEEVILLE
008 D020003 IL
008 D030003 60653
010 A000001 SALOMON SMITH BARNEY
<PAGE>      PAGE  2
010 B000001 0000000000
010 C010001 NEW YORK
010 C020001 NY
010 C030001 10013
011 A000001 CFBDS, INC.
011 B000001 8-00000000
011 C010001 BOSTON
011 C020001 MA
011 C030001 02109
011 C040001 5408
012 A000001 FIRST DATA INVESTORS SERVICES GROUP
012 B000001 84-0000000
012 C010001 BOSTON
012 C020001 MA
012 C030001 02109
013 A000001 KPMG PEAT MARWICK LLP
013 B010001 NEW YORK
013 B020001 NY
013 B030001 10017
015 A000001 PNC BANK NA
015 B000001 C
015 C010001 PHILADELPHIA
015 C020001 PA
015 C030001 19103
015 E010001 X
018  000000 Y
019 A000000 Y
019 B000000  167
019 C000000 BARNEY0000
020 A000001 ACCESS SECURITIES
020 B000001 N/A
020 C000001     95
020 A000002 DEUTHCHE BANK
020 B000002 13-2730828
020 C000002     35
020 A000003 SALOMON
020 B000003 N/A
020 C000003     27
020 A000004 BEAR STEARNS
020 B000004 13-3299429
020 C000004     18
020 A000005 FIDELITY
020 B000005 N/A
020 C000005      6
020 A000006 CS FIRST BOSTON
020 B000006 13-5659485
020 C000006      6
020 A000007 MORGAN J.P.
020 B000007 13-3224016
020 C000007      6
020 A000008 OPPENHEMIER
<PAGE>      PAGE  3
020 B000008 13-2527171
020 C000008      5
020 A000009 GOLDMAN SACHS
020 B000009 13-5108880
020 C000009      4
020 A000010 JEFFERIES
020 B000010 N/A
020 C000010      3
021  000000      231
022 A000001 GOLDMAN SACHS
022 B000001 13-5108880
022 C000001     99181
022 D000001      4366
022 A000002 MORGAN STANLEY
022 B000002 13-2655998
022 C000002     89495
022 D000002      4256
022 A000003 MORGAN J.P.
022 B000003 13-3224016
022 C000003     50803
022 D000003      1414
022 A000004 CS FIRST BOSTON
022 B000004 13-5659485
022 C000004      2330
022 D000004      1295
022 A000005 DONALDSON, LUFKIN JENRETTE
022 B000005 13-2741729
022 C000005      2030
022 D000005      1553
022 A000006 MERRILL LYNCH
022 B000006 13-5674085
022 C000006      2069
022 D000006       720
022 A000007 BEAR STEARNS
022 B000007 13-3299429
022 C000007      1063
022 D000007      1068
022 A000008 NATIONSBANC MONTGOMERY
022 B000008 N/A
022 C000008       693
022 D000008       843
022 A000009 DEUTSCHE MORGAN GRENFELL
022 B000009 13-2730828
022 C000009       491
022 D000009      1002
022 A000010 UBS SECURITIES
022 B000010 13-3873456
022 C000010       686
022 D000010       457
023 C000000     254547
023 D000000      18065
<PAGE>      PAGE  4
024  000000 N
025 D000001       0
025 D000002       0
025 D000003       0
025 D000004       0
025 D000005       0
025 D000006       0
025 D000007       0
025 D000008       0
026 A000000 N
026 B000000 N
026 C000000 N
026 D000000 Y
026 E000000 N
026 F000000 N
026 G010000 N
026 G020000 N
026 H000000 N
027  000000 Y
028 A010000      5334
028 A020000         0
028 A030000         0
028 A040000      1897
028 B010000      2569
028 B020000       875
028 B030000         0
028 B040000       413
028 C010000      5989
028 C020000         0
028 C030000         0
028 C040000      4437
028 D010000      2810
028 D020000         0
028 D030000         0
028 D040000      2718
028 E010000      1572
028 E020000         0
028 E030000         0
028 E040000      2198
028 F010000      1678
028 F020000         0
028 F030000         0
028 F040000       449
028 G010000     19952
028 G020000       875
028 G030000         0
028 G040000     12112
028 H000000         0
029  000000 N
030 A000000      0
030 B000000  0.00
<PAGE>      PAGE  5
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
039  000000 N
040  000000 N
042 A000000   0
042 B000000   0
042 C000000   0
042 D000000   0
042 E000000   0
042 F000000   0
042 G000000   0
042 H000000   0
043  000000      0
044  000000      0
045  000000 Y
046  000000 Y
047  000000 Y
048  000000  1.800
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
054 A000000 N
054 B000000 N
054 C000000 N
<PAGE>      PAGE  6
054 D000000 N
054 E000000 N
054 F000000 N
054 G000000 N
054 H000000 N
054 I000000 N
054 J000000 N
054 K000000 N
054 L000000 N
054 M000000 N
054 N000000 N
054 O000000 N
055 A000000 N
055 B000000 N
056  000000 N
057  000000 N
058 A000000 N
059  000000 Y
060 A000000 Y
060 B000000 Y
061  000000      100
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
066 A000000 Y
066 C000000 Y
067  000000 N
068 A000000 N
068 B000000 N
069  000000 N
070 A010000 Y
070 A020000 Y
070 B010000 Y
070 B020000 Y
<PAGE>      PAGE  7
070 C010000 Y
070 C020000 N
070 D010000 Y
070 D020000 N
070 E010000 Y
070 E020000 N
070 F010000 Y
070 F020000 N
070 G010000 Y
070 G020000 N
070 H010000 Y
070 H020000 N
070 I010000 N
070 I020000 N
070 J010000 Y
070 J020000 N
070 K010000 N
070 K020000 N
070 L010000 Y
070 L020000 N
070 M010000 Y
070 M020000 N
070 N010000 Y
070 N020000 N
070 O010000 Y
070 O020000 N
070 P010000 N
070 P020000 N
070 Q010000 N
070 Q020000 N
070 R010000 Y
070 R020000 Y
071 A000000     90218
071 B000000     64502
071 C000000     25882
071 D000000  249
072 A000000 12
072 B000000      917
072 C000000      278
072 D000000        0
072 E000000        0
072 F000000      399
072 G000000       44
072 H000000        0
072 I000000       11
072 J000000       25
072 K000000        0
072 L000000       43
072 M000000        2
072 N000000       30
072 O000000        0
<PAGE>      PAGE  8
072 P000000        0
072 Q000000        0
072 R000000       22
072 S000000        8
072 T000000        0
072 U000000        0
072 V000000        0
072 W000000      185
072 X000000      769
072 Y000000      165
072 Z000000      591
072AA000000     1011
072BB000000        0
072CC010000       22
072CC020000        0
072DD010000       64
072DD020000        0
072EE000000      821
073 A010000   0.0200
073 A020000   0.0000
073 B000000   0.2500
073 C000000   0.0000
074 A000000      288
074 B000000     3030
074 C000000        0
074 D000000     6360
074 E000000     3254
074 F000000    20768
074 G000000       55
074 H000000        0
074 I000000        0
074 J000000      769
074 K000000       27
074 L000000    22198
074 M000000        0
074 N000000    56749
074 O000000     2014
074 P000000        0
074 Q000000        0
074 R010000        0
074 R020000    22051
074 R030000       10
074 R040000       91
074 S000000        0
074 T000000    32583
074 U010000     3900
074 U020000        0
074 V010000     8.36
074 V020000     0.00
074 W000000   0.0000
074 X000000      993
<PAGE>      PAGE  9
074 Y000000    23947
075 A000000        0
075 B000000    24966
076  000000     0.00
077 A000000 N
078  000000 N
080 A000000 ICI MUTUAL FUND INSURANCE COMPANY
080 C000000   120000
081 A000000 Y
081 B000000 167
082 A000000 N
082 B000000        0
083 A000000 N
083 B000000        0
084 A000000 N
084 B000000        0
085 A000000 Y
085 B000000 N
086 A010000      0
086 A020000      0
086 B010000      0
086 B020000      0
086 C010000      0
086 C020000      0
086 D010000      0
086 D020000      0
086 E010000      0
086 E020000      0
086 F010000      0
086 F020000      0
SIGNATURE   IRVING P. DAVID
TITLE       CONTROLLER