<PAGE> PAGE 1
000 A000000 06/30/2000
000 C000000 0001049629
000 D000000 N
000 E000000 NF
000 F000000 Y
000 G000000 N
000 H000000 N
000 I000000 6.1
000 J000000 A
001 A000000 ICM SERIES TRUST
001 B000000 811-8507
001 C000000 6319510500
002 A000000 150 MOTOR PARKWAY
002 B000000 HAUPPAUGE
002 C000000 NY
002 D010000 11788
003 000000 N
004 000000 N
005 000000 N
006 000000 N
007 A000000 Y
007 B000000 1
007 C010100 1
007 C020100 ICM/ISABELLE SMALL CAP VALUE 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
008 A00AA01 IRONWOOD CAPITAL MANAGEMENT, LLC
008 B00AA01 A
008 C00AA01 801-55081
008 D01AA01 BOSTON
008 D02AA01 MA
008 D03AA01 02110
010 A00AA01 AMERICAN DATA SERVICES, INC.
010 B00AA01 84-1964
010 C01AA01 HAUPPAUGE
010 C02AA01 NY
010 C03AA01 11788
011 A00AA01 AMERIMUTUAL FUND DISTRIBUTORS, INC.
011 B00AA01 8-00000000
011 C01AA01 HAUPPAUGE
011 C02AA01 NY
011 C03AA01 11788
012 A00AA01 AMERICAN DATA SERVICES, INC.
<PAGE> PAGE 2
012 B00AA01 84-1964
012 C01AA01 HAUPPAUGE
012 C02AA01 NY
012 C03AA01 11788
013 A00AA01 ARTHUR ANDERSEN LLP
013 B01AA01 BOSTON
013 B02AA01 MA
013 B03AA01 02110
015 A00AA01 THE FIFTH THIRD BANK
015 B00AA01 C
015 C01AA01 CINCINNATI
015 C02AA01 OH
015 C03AA01 45263
015 E01AA01 X
018 00AA00 Y
019 A00AA00 N
019 B00AA00 0
020 A000001 BEAR STEARNS
020 B000001 13-3299429
020 C000001 73
020 A000002 WACHOVIA SECURITIES
020 C000002 67
020 A000003 GK BAUM
020 C000003 64
020 A000004 GRUNTAL & CO.
020 C000004 38
020 A000005 NEEDHAM SECURITIES
020 C000005 32
020 A000006 HOENIG & CO.
020 B000006 13-5146371
020 C000006 25
020 A000007 S&P
020 B000007 13-2671951
020 C000007 25
020 A000008 CANTOR FITZGERALD
020 B000008 13-2698893
020 C000008 19
020 A000009 GOLDSMITH
020 C000009 12
020 A000010 MITCHELL SECURITIES
020 C000010 10
021 000000 396
022 A000001 FIFTH THIRD BANK
022 B000001 31-0854433
022 C000001 485221
022 D000001 0
022 A000002 CANTOR FITZGERALD
022 B000002 13-2698893
022 C000002 1806
022 D000002 180
022 A000003 MITCHELL SECURITIES
<PAGE> PAGE 3
022 C000003 1487
022 D000003 29
022 A000004 JEFFRIES
022 C000004 450
022 D000004 0
022 A000005 ING
022 C000005 305
022 D000005 0
022 A000006 RJ STEICHEN
022 C000006 279
022 D000006 0
022 A000007 BEAR STEARNS & CO.
022 B000007 13-3299429
022 C000007 0
022 D000007 7
022 A000008 DIRKS & CO.
022 C000008 2
022 D000008 0
022 C000009 0
022 D000009 0
022 C000010 0
022 D000010 0
023 C000000 489550
023 D000000 216
024 00AA00 N
026 A000000 N
026 B000000 Y
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 A01AA00 9877
028 A02AA00 0
028 A03AA00 0
028 A04AA00 867
028 B01AA00 22313
028 B02AA00 0
028 B03AA00 0
028 B04AA00 1090
028 C01AA00 12936
028 C02AA00 0
028 C03AA00 0
028 C04AA00 1924
028 D01AA00 7987
028 D02AA00 0
028 D03AA00 0
028 D04AA00 987
<PAGE> PAGE 4
028 E01AA00 6151
028 E02AA00 0
028 E03AA00 0
028 E04AA00 411
028 F01AA00 11157
028 F02AA00 0
028 F03AA00 0
028 F04AA00 606
028 G01AA00 70421
028 G02AA00 0
028 G03AA00 0
028 G04AA00 5885
028 H00AA00 0
029 00AA00 N
030 A00AA00 0
030 B00AA00 0.00
030 C00AA00 0.00
034 00AA00 N
035 00AA00 0
036 B00AA00 0
037 00AA00 N
038 00AA00 0
039 00AA00 N
040 00AA00 Y
041 00AA00 Y
042 A00AA00 0
042 B00AA00 0
042 C00AA00 100
042 D00AA00 0
042 E00AA00 0
042 F00AA00 0
042 G00AA00 0
042 H00AA00 0
043 00AA00 58
044 00AA00 0
045 00AA00 Y
046 00AA00 N
047 00AA00 Y
048 00AA00 1.000
048 A01AA00 0
048 A02AA00 0.000
048 B01AA00 0
048 B02AA00 0.000
048 C01AA00 0
048 C02AA00 0.000
048 D01AA00 0
048 D02AA00 0.000
048 E01AA00 0
048 E02AA00 0.000
048 F01AA00 0
048 F02AA00 0.000
<PAGE> PAGE 5
048 G01AA00 0
048 G02AA00 0.000
048 H01AA00 0
048 H02AA00 0.000
048 I01AA00 0
048 I02AA00 0.000
048 J01AA00 0
048 J02AA00 0.000
048 K01AA00 0
048 K02AA00 0.000
049 00AA00 N
050 00AA00 N
051 00AA00 N
052 00AA00 N
053 A00AA00 Y
053 B00AA00 Y
053 C00AA00 N
054 A00AA00 Y
054 B00AA00 Y
054 C00AA00 Y
054 D00AA00 N
054 E00AA00 N
054 F00AA00 N
054 G00AA00 N
054 H00AA00 Y
054 I00AA00 N
054 J00AA00 Y
054 K00AA00 N
054 L00AA00 Y
054 M00AA00 Y
054 N00AA00 N
054 O00AA00 Y
055 A00AA00 N
055 B00AA00 N
056 00AA00 Y
057 00AA00 N
058 A00AA00 N
059 00AA00 Y
060 A00AA00 Y
060 B00AA00 Y
061 00AA00 1000
062 A00AA00 N
062 B00AA00 0.0
062 C00AA00 0.0
062 D00AA00 0.0
062 E00AA00 0.0
062 F00AA00 0.0
062 G00AA00 0.0
062 H00AA00 0.0
062 I00AA00 0.0
062 J00AA00 0.0
<PAGE> PAGE 6
062 K00AA00 0.0
062 L00AA00 0.0
062 M00AA00 0.0
062 N00AA00 0.0
062 O00AA00 0.0
062 P00AA00 0.0
062 Q00AA00 0.0
062 R00AA00 0.0
066 A00AA00 Y
066 B00AA00 N
066 C00AA00 Y
066 D00AA00 N
066 E00AA00 N
066 F00AA00 N
066 G00AA00 N
067 00AA00 N
068 A00AA00 N
068 B00AA00 N
069 00AA00 N
070 A01AA00 Y
070 A02AA00 Y
070 B01AA00 Y
070 B02AA00 N
070 C01AA00 Y
070 C02AA00 N
070 D01AA00 Y
070 D02AA00 N
070 E01AA00 Y
070 E02AA00 N
070 F01AA00 Y
070 F02AA00 N
070 G01AA00 Y
070 G02AA00 N
070 H01AA00 Y
070 H02AA00 N
070 I01AA00 N
070 I02AA00 N
070 J01AA00 Y
070 J02AA00 N
070 K01AA00 Y
070 K02AA00 Y
070 L01AA00 Y
070 L02AA00 N
070 M01AA00 Y
070 M02AA00 N
070 N01AA00 Y
070 N02AA00 N
070 O01AA00 N
070 O02AA00 N
070 P01AA00 N
070 P02AA00 N
<PAGE> PAGE 7
070 Q01AA00 N
070 Q02AA00 N
070 R01AA00 Y
070 R02AA00 N
071 A00AA00 71114
071 B00AA00 10960
071 C00AA00 51314
071 D00AA00 21
072 A00AA00 6
072 B00AA00 184
072 C00AA00 271
072 D00AA00 0
072 E00AA00 0
072 F00AA00 281
072 G00AA00 32
072 H00AA00 0
072 I00AA00 31
072 J00AA00 16
072 K00AA00 0
072 L00AA00 22
072 M00AA00 3
072 N00AA00 37
072 O00AA00 0
072 P00AA00 0
072 Q00AA00 23
072 R00AA00 6
072 S00AA00 10
072 T00AA00 58
072 U00AA00 6
072 V00AA00 0
072 W00AA00 15
072 X00AA00 540
072 Y00AA00 3
072 Z00AA00 -82
072AA00AA00 2726
072BB00AA00 0
072CC01AA00 935
072CC02AA00 0
072DD01AA00 0
072DD02AA00 0
072EE00AA00 0
073 A01AA00 0.0000
073 A02AA00 0.0000
073 B00AA00 0.0000
073 C00AA00 0.0000
074 A00AA00 35
074 B00AA00 4716
074 C00AA00 1781
074 D00AA00 0
074 E00AA00 0
074 F00AA00 79699
<PAGE> PAGE 8
074 G00AA00 0
074 H00AA00 0
074 I00AA00 0
074 J00AA00 1215
074 K00AA00 0
074 L00AA00 1112
074 M00AA00 34
074 N00AA00 88592
074 O00AA00 2755
074 P00AA00 70
074 Q00AA00 0
074 R01AA00 0
074 R02AA00 0
074 R03AA00 0
074 R04AA00 212
074 S00AA00 0
074 T00AA00 85555
074 U01AA00 5892
074 U02AA00 1422
074 V01AA00 11.69
074 V02AA00 11.73
074 W00AA00 0.0000
074 X00AA00 955
074 Y00AA00 0
075 A00AA00 0
075 B00AA00 55634
076 00AA00 0.00
077 A000000 N
078 000000 N
080 A00AA00 NATIONAL UNION & FIRE INSURANCE CO.
080 C00AA00 250
081 A00AA00 N
081 B00AA00 0
082 A00AA00 Y
082 B00AA00 10
083 A00AA00 N
083 B00AA00 0
084 A00AA00 N
084 B00AA00 0
085 A00AA00 Y
085 B00AA00 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
<PAGE> PAGE 9
086 F010000 0
086 F020000 0
SIGNATURE ROBERT GAFFNEY
TITLE SENIOR ADMINISTRATOR