CGM CAPITAL DEVELOPMENT FUND
NSAR-B, 1996-02-27
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<PAGE>      PAGE  1
000 B000000 12/31/95
000 C000000 0000060332
000 D000000 N
000 E000000 NF
000 F000000 Y
000 G000000 N
000 H000000 N
000 I000000 2.2
000 J000000 U
001 A000000 CGM CAPITAL DEVELOPMENT FUND
001 B000000 811-933
001 C000000 6178597714
002 A000000 ONE INTERNATIONAL PLACE
002 B000000 BOSTON
002 C000000 MA
002 D010000 02110
003  000000 N
004  000000 N
005  000000 N
006  000000 N
007 A000000 Y
007 B000000  1
007 C010100  1
007 C020100 CGM CAPITAL DEVELOPMENT FUND
007 C030100 N
020 A000001 CORRESPONDENT SERVICES INC.
020 C000001    310
020 A000002 WERTHEIM & CO., INC.
020 B000002 13-2697272
020 C000002    225
020 A000003 DONALDSON LUFKIN JENRETTE SECUTITIES CORP
020 B000003 13-5033225
020 C000003    221
020 A000004 UBS SECURITIES, INC.
020 B000004 13-2932996
020 C000004    187
020 A000005 LEHMAN BROTHERS INC.
020 C000005    161
020 A000006 GOLDMAN SACHS & CO
020 B000006 13-5108880
020 C000006    158
020 A000007 FOXX PITT KELTON
020 B000007 06-1058201
020 C000007    157
020 A000008 WILLIAM BLAIR & CO
020 B000008 36-2214610
020 C000008    141
020 A000009 DOMINICK INVESTOR SERVICES CORP.
020 B000009 13-2754747
020 C000009    129
020 A000010 SANFORD C. BERNSTEIN & CO.
<PAGE>      PAGE  2
020 B000010 13-2625874
020 C000010    120
021  000000     3634
022 A000001 CHEVRON OIL FINANCE CORP.
022 B000001 25-1215100
022 C000001    267060
022 D000001         0
022 A000002 WERTHEIM & CO., INC.
022 B000002 13-2697272
022 C000002    111297
022 D000002     87067
022 A000003 AMERICAN EXPRESS CO.
022 B000003 13-2518466
022 C000003    192635
022 D000003         0
022 A000004 LEHMAN BROTHERS, INC.
022 C000004    113904
022 D000004     37889
022 A000005 CORRESPONDENT SERVICES, INC.
022 C000005     45659
022 D000005     93083
022 A000006 DONALDSON LUFKIN & JENRETTE & CO
022 B000006 13-5033225
022 C000006     74129
022 D000006     58689
022 A000007 MERRILL LYNCH PIERCE FENNER & SMITH
022 B000007 13-5674085
022 C000007     62220
022 D000007     53365
022 A000008 GOLDMAN SACHS & CO.
022 B000008 13-5108880
022 C000008     53470
022 D000008     43487
022 A000009 SOUNDVIEW FINANCIAL GROUP
022 C000009     29619
022 D000009     62588
022 A000010 WILLIAM BLAIR & CO.
022 B000010 36-2214610
022 C000010     24084
022 D000010     63947
023 C000000    1696465
023 D000000    1271232
077 A000000 Y
077 B000000 Y
077 C000000 Y
077 D000000 N
077 E000000 N
077 F000000 N
077 G000000 N
077 H000000 N
077 I000000 N
<PAGE>      PAGE  3
077 J000000 N
077 K000000 N
077 L000000 N
077 M000000 N
077 N000000 N
077 O000000 N
077 P000000 N
077 Q010000 Y
077 Q020000 N
077 Q030000 N
078  000000 N
080 A00AA00 LLOYD'S OF LONDON
080 C00AA00    15000
081 A00AA00 Y
081 B00AA00  26
082 A00AA00 N
082 B00AA00        0
083 A00AA00 N
083 B00AA00        0
084 A00AA00 N
084 B00AA00        0
085 A00AA00 Y
085 B00AA00 N
028 A010100      2345
028 A020100         0
028 A030100         0
028 A040100      2939
028 B010100       828
028 B020100         0
028 B030100         0
028 B040100      5112
028 C010100      1318
028 C020100         0
028 C030100         0
028 C040100      3972
028 D010100      2194
028 D020100         0
028 D030100         0
028 D040100      7996
028 E010100      2867
028 E020100         0
028 E030100         0
028 E040100      4986
028 F010100      2409
028 F020100     27524
028 F030100         0
028 F040100      6073
028 G010100     11961
028 G020100     27524
028 G030100         0
028 G040100     31078
<PAGE>      PAGE  4
028 H000100         0
062 A000100 N
062 B000100   0.0
062 C000100   0.0
062 D000100   0.0
062 E000100   0.0
062 F000100   0.0
062 G000100   0.0
062 H000100   0.0
062 I000100   0.0
062 J000100   0.0
062 K000100   0.0
062 L000100   0.0
062 M000100   0.0
062 N000100   0.0
062 O000100   0.0
062 P000100   0.0
062 Q000100   0.0
062 R000100   0.0
070 A010100 Y
070 A020100 N
070 B010100 N
070 B020100 N
070 C010100 N
070 C020100 N
070 D010100 N
070 D020100 N
070 E010100 N
070 E020100 N
070 F010100 N
070 F020100 N
070 G010100 N
070 G020100 N
070 H010100 N
070 H020100 N
070 I010100 N
070 I020100 N
070 J010100 Y
070 J020100 N
070 K010100 Y
070 K020100 N
070 L010100 Y
070 L020100 Y
070 M010100 N
070 M020100 N
070 N010100 N
070 N020100 N
070 O010100 Y
070 O020100 N
070 P010100 N
070 P020100 N
<PAGE>      PAGE  5
070 Q010100 N
070 Q020100 N
070 R010100 N
070 R020100 N
071 A000100   1236770
071 B000100   1271232
071 C000100    456340
071 D000100  271
072 A000100 12
072 B000100      106
072 C000100     4163
072 D000100        0
072 E000100        0
072 F000100     3324
072 G000100       55
072 H000100        0
072 I000100      229
072 J000100      115
072 K000100        0
072 L000100       45
072 M000100       64
072 N000100       33
072 O000100        0
072 P000100        0
072 Q000100        0
072 R000100       33
072 S000100       26
072 T000100        0
072 U000100        0
072 V000100        0
072 W000100       10
072 X000100     3937
072 Y000100        0
072 Z000100      332
072AA000100    30780
072BB000100        0
072CC010100   127282
072CC020100        0
072DD010100      326
072DD020100        0
072EE000100    30396
073 A010100   0.0180
073 A020100   0.0000
073 B000100   1.6800
073 C000100   0.0000
074 A000100        2
074 B000100        0
074 C000100     2620
074 D000100        0
074 E000100        0
074 F000100   519684
<PAGE>      PAGE  6
074 G000100        0
074 H000100        0
074 I000100        0
074 J000100    21997
074 K000100        0
074 L000100     1101
074 M000100        0
074 N000100   545404
074 O000100    19140
074 P000100      340
074 Q000100        0
074 R010100        0
074 R020100        0
074 R030100        0
074 R040100     4676
074 S000100        0
074 T000100   521248
074 U010100    19074
074 U020100        0
074 V010100    27.33
074 V020100     0.00
074 W000100   0.0000
074 X000100    10966
074 Y000100        0
075 A000100        0
075 B000100   460886
076  000100     0.00
SIGNATURE   FRANK STRAUSS                                
TITLE       TREASURER           
 


<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000060332
<NAME> CGM CAPITAL DEVELOPMENT FUND
<SERIES>
   <NUMBER> 1
   <NAME> CGM CAPITAL DEVELOPMENT FUND
       
<S>                             <C>
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<FISCAL-YEAR-END>                          DEC-31-1995
<PERIOD-END>                               DEC-31-1995
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<PER-SHARE-NAV-BEGIN>                            20.58
<PER-SHARE-NII>                                   0.02
<PER-SHARE-GAIN-APPREC>                           8.43
<PER-SHARE-DIVIDEND>                            (0.02)
<PER-SHARE-DISTRIBUTIONS>                       (1.68)
<RETURNS-OF-CAPITAL>                              0.00
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<EXPENSE-RATIO>                                   0.85
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        

</TABLE>


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