<PAGE> PAGE 1
000 A000000 09/30/95
000 C000000 0000353480
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 CMA GOVERNMENT SECURITIES FUND
001 B000000 811-3205
001 C000000 6092827165
002 A000000 P.O. BOX 9066
002 B000000 PRINCETON
002 C000000 NJ
002 D010000 08543
002 D020000 9066
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 FUND ASSET MANAGEMENT, L.P.
008 B000001 A
008 C000001 801-12485
008 D010001 PRINCETON
008 D020001 NJ
008 D030001 08543
008 D040001 9011
011 A000001 MERRILL LYNCH, PIERCE, FENNER & SMITH INC.
011 B000001 8-7221
011 C010001 NEW YORK
011 C020001 NY
011 C030001 10281
012 A000001 MERRILL LYNCH FINANCIAL DATA SERVICES, INC.
012 B000001 84-01339
012 C010001 JACKSONVILLE
012 C020001 FL
012 C030001 32246
012 C040001 6484
<PAGE> PAGE 2
013 A000001 DELOITTE & TOUCHE LLP
013 B010001 PRINCETON
013 B020001 NJ
013 B030001 08540
014 A000001 MERRILL LYNCH, PIERCE, FENNER & SMITH INC.
014 B000001 8-7221
015 A000001 STATE STREET BANK & TRUST COMPANY
015 B000001 C
015 C010001 BOSTON
015 C020001 MA
015 C030001 02101
015 E010001 X
018 000000 Y
019 A000000 Y
019 B000000 180
019 C000000 MERRILLLYN
020 C000001 0
020 C000002 0
020 C000003 0
020 C000004 0
020 C000005 0
020 C000006 0
020 C000007 0
020 C000008 0
020 C000009 0
020 C000010 0
021 000000 0
022 A000001 FUJI SECURITIES INC.
022 B000001 36-2880742
022 C000001 17085132
022 D000001 15118
022 A000002 NOMURA SECURITIES INTERNATIONAL, INC.
022 B000002 13-2642206
022 C000002 16915000
022 D000002 0
022 A000003 LEHMAN BROTHERS INC.
022 B000003 13-2518466
022 C000003 16606358
022 D000003 108566
022 A000004 BEAR, STEARNS & CO. INC.
022 B000004 13-3299429
022 C000004 16084434
022 D000004 0
022 A000005 NIKKO SECURITIES CO. INTERNATIONAL, INC.(THE)
022 B000005 94-1302123
022 C000005 15095488
022 D000005 106579
022 A000006 CS FIRST BOSTON CORPORATION
022 B000006 13-5659485
022 C000006 15024946
022 D000006 99231
<PAGE> PAGE 3
022 A000007 DAIWA SECURITIES AMERICA INC.
022 B000007 13-5680329
022 C000007 13669386
022 D000007 0
022 A000008 PAINEWEBBER INCORPORATED
022 B000008 13-2638166
022 C000008 12276796
022 D000008 233042
022 A000009 CHASE SECURITIES, INC.
022 B000009 13-3112953
022 C000009 10566000
022 D000009 0
022 A000010 SMITH BARNEY INC.
022 B000010 13-1912900
022 C000010 10107000
022 D000010 0
023 C000000 202828728
023 D000000 1242575
024 000000 Y
025 A000001 LEHMAN BROTHERS INC.
025 B000001 13-2518466
025 C000001 D
025 D000001 152132
025 A000002 PAINEWEBBER INC.
025 B000002 13-2638166
025 C000002 D
025 D000002 145000
025 A000003 FUJI SECURITIES INC.
025 B000003 36-2880742
025 C000003 D
025 D000003 140000
025 A000004 NOMURA SECURITIES INTERNATIONAL, INC.
025 B000004 13-2642206
025 C000004 D
025 D000004 140000
025 A000005 SMITH BARNEY INC.
025 B000005 13-1912900
025 C000005 D
025 D000005 130000
025 A000006 NIKKO SECURITIES INTERNATIONAL, INC.
025 C000006 D
025 D000006 120000
025 A000007 CHASE SECURITIES INC.
025 B000007 13-3112953
025 C000007 D
025 D000007 115000
025 D000008 0
026 A000000 N
026 B000000 Y
026 C000000 N
026 D000000 Y
<PAGE> PAGE 4
026 E000000 N
026 F000000 N
026 G010000 N
026 G020000 N
026 H000000 N
027 000000 Y
028 A010000 934924
028 A020000 12843
028 A030000 0
028 A040000 1002300
028 B010000 1081257
028 B020000 15256
028 B030000 0
028 B040000 1043285
028 C010000 1227417
028 C020000 14084
028 C030000 0
028 C040000 1300019
028 D010000 1041311
028 D020000 13510
028 D030000 0
028 D040000 884476
028 E010000 1019005
028 E020000 15529
028 E030000 0
028 E040000 1039891
028 F010000 1061321
028 F020000 14030
028 F030000 0
028 F040000 1149805
028 G010000 6365235
028 G020000 85252
028 G030000 0
028 G040000 6419776
028 H000000 0
029 000000 N
030 A000000 0
030 B000000 0.00
030 C000000 0.00
034 000000 N
035 000000 0
036 B000000 0
037 000000 N
038 000000 0
039 000000 N
040 000000 Y
041 000000 Y
042 A000000 0
042 B000000 0
042 C000000 100
042 D000000 0
<PAGE> PAGE 5
042 E000000 0
042 F000000 0
042 G000000 0
042 H000000 0
043 000000 1970
044 000000 0
045 000000 Y
046 000000 N
047 000000 Y
048 000000 0.000
048 A010000 500000
048 A020000 0.500
048 B010000 500000
048 B020000 0.425
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 1000000
048 K020000 0.375
049 000000 N
050 000000 N
051 000000 N
052 000000 N
053 A000000 N
054 A000000 Y
054 B000000 Y
054 C000000 N
054 D000000 N
054 E000000 N
054 F000000 N
054 G000000 N
054 H000000 Y
054 I000000 N
054 J000000 Y
054 K000000 N
054 L000000 N
054 M000000 Y
054 N000000 N
<PAGE> PAGE 6
055 A000000 N
055 B000000 N
056 000000 Y
057 000000 N
058 A000000 N
059 000000 Y
060 A000000 Y
060 B000000 Y
061 000000 1
062 A000000 Y
062 B000000 45.2
062 C000000 0.0
062 D000000 54.3
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 77
063 B000000 0.0
064 A000000 N
066 A000000 N
067 000000 N
068 A000000 N
068 B000000 N
069 000000 N
070 A010000 Y
070 A020000 Y
070 B010000 N
070 B020000 N
070 C010000 N
070 C020000 N
070 D010000 N
070 D020000 N
070 E010000 N
070 E020000 N
070 F010000 N
070 F020000 N
070 G010000 N
070 G020000 N
070 H010000 N
070 H020000 N
<PAGE> PAGE 7
070 I010000 N
070 I020000 N
070 J010000 N
070 J020000 N
070 K010000 N
070 K020000 N
070 L010000 N
070 L020000 N
070 M010000 N
070 M020000 N
070 N010000 N
070 N020000 N
070 O010000 Y
070 O020000 N
070 P010000 Y
070 P020000 N
070 Q010000 N
070 Q020000 N
070 R010000 N
070 R020000 N
071 A000000 0
071 B000000 0
071 C000000 0
071 D000000 0
072 A000000 6
072 B000000 94137
072 C000000 0
072 D000000 0
072 E000000 0
072 F000000 6368
072 G000000 117
072 H000000 0
072 I000000 361
072 J000000 121
072 K000000 0
072 L000000 39
072 M000000 21
072 N000000 94
072 O000000 0
072 P000000 0
072 Q000000 0
072 R000000 20
072 S000000 15
072 T000000 1970
072 U000000 0
072 V000000 0
072 W000000 24
072 X000000 9150
072 Y000000 0
072 Z000000 84987
072AA000000 426
<PAGE> PAGE 8
072BB000000 27
072CC010000 862
072CC020000 0
072DD010000 84987
072DD020000 0
072EE000000 398
073 A010000 0.0268
073 A020000 0.0000
073 B000000 0.0001
073 C000000 0.0000
074 A000000 0
074 B000000 1717132
074 C000000 1429544
074 D000000 0
074 E000000 0
074 F000000 0
074 G000000 0
074 H000000 0
074 I000000 0
074 J000000 0
074 K000000 0
074 L000000 19790
074 M000000 155
074 N000000 3166621
074 O000000 0
074 P000000 1849
074 Q000000 0
074 R010000 0
074 R020000 0
074 R030000 0
074 R040000 395
074 S000000 0
074 T000000 3164377
074 U010000 3163581
074 U020000 0
074 V010000 1.00
074 V020000 0.00
074 W000000 1.0003
074 X000000 50679
074 Y000000 0
075 A000000 3172230
075 B000000 0
076 000000 0.00
077 A000000 N
078 000000 N
SIGNATURE GERALD M. RICHARD
TITLE TREASURER
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000353480
<NAME> CMA GOVERNMENT SECURITIES FUND
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> MAR-31-1996
<PERIOD-START> APR-01-1995
<PERIOD-END> SEP-30-1995
<INVESTMENTS-AT-COST> 3145880076
<INVESTMENTS-AT-VALUE> 3146675810
<RECEIVABLES> 19790320
<ASSETS-OTHER> 154786
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 3166620916
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 2244274
<TOTAL-LIABILITIES> 2244274
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 3163580908
<SHARES-COMMON-STOCK> 3163580908
<SHARES-COMMON-PRIOR> 3132869571
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 0
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 795734
<NET-ASSETS> 3164376642
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 94136485
<OTHER-INCOME> 0
<EXPENSES-NET> 9149526
<NET-INVESTMENT-INCOME> 84986959
<REALIZED-GAINS-CURRENT> 398451
<APPREC-INCREASE-CURRENT> 862253
<NET-CHANGE-FROM-OPS> 86247663
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 84986959
<DISTRIBUTIONS-OF-GAINS> 398451
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 6365234939
<NUMBER-OF-SHARES-REDEEMED> 6419776322
<SHARES-REINVESTED> 85252720
<NET-CHANGE-IN-ASSETS> 31573590
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 6367937
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 9149526
<AVERAGE-NET-ASSETS> 3172230028
<PER-SHARE-NAV-BEGIN> 1.00
<PER-SHARE-NII> .03
<PER-SHARE-GAIN-APPREC> 0
<PER-SHARE-DIVIDEND> .03
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 1.00
<EXPENSE-RATIO> .58
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
