CGM CAPITAL DEVELOPMENT FUND
NSAR-A, 1997-08-28
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<PAGE>      PAGE  1
000 A000000 06/30/97
000 C000000 0000060332
000 D000000 N
000 E000000 NF
000 F000000 Y
000 G000000 N
000 H000000 N
000 I000000 3.0
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
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
020 A000001 WERTHEIM & CO., INC.
020 B000001 13-2697272
020 C000001    333
020 A000002 DONALDSON LUFKIN JENRETTE SECURITIES CORP.
020 B000002 13-5033225
020 C000002     64
020 A000003 ALEX BROWN & SONS
020 B000003 52-0256630
020 C000003    108
020 A000004 CONNING & CO.
020 C000004     59
020 A000005 SCOTT & STRINGFELLOW
020 B000005 54-0957557
020 C000005     60
020 A000006 DOMINICK INVESTOR SERVICES
020 B000006 13-2754747
020 C000006    103
<PAGE>      PAGE  2
020 A000007 PIPER JAFFRAY & HOPWOOD,INC.
020 B000007 41-0953246
020 C000007     96
020 A000008 FURMAN, SELZ, MAGERDIETZ & BIRNE
020 C000008     72
020 A000009 DAIN BOSWORTH, INC.
020 B000009 41-0212020
020 C000009     65
020 A000010 FOXX PITT KELTON INC.
020 B000010 06-1058201
020 C000010     85
021  000000     1802
022 A000001 WERTHEIM & CO., INC.
022 B000001 13-2697272
022 C000001    131209
022 D000001     96255
022 A000002 AMERICAN EXPRESS CO.
022 B000002 13-2518466
022 C000002    556575
022 D000002         0
022 A000003 DONALDSON LUFKIN & JENRETTE & CO.
022 B000003 13-5033225
022 C000003     50851
022 D000003     41233
022 A000004 CHEVRON OIL
022 B000004 25-1215010
022 C000004    361436
022 D000004         0
022 A000005 FORD MOTOR CO.
022 B000005 38-1612444
022 C000005    165461
022 D000005         0
022 A000006 MOTNGOMERY SECURITIES
022 B000006 94-1701676
022 C000006     24500
022 D000006     67278
022 A000007 BEAR STEARNS & CO.
022 B000007 13-4946705
022 C000007     31293
022 D000007     47656
022 A000008 SALOMON BROTHERS, INC.
022 B000008 13-3082694
022 C000008     52775
022 D000008     24535
022 A000009 PIPER JAFFRAY HOPWOOD, INC.
022 B000009 41-0953246
022 C000009     55519
022 D000009     12636
022 A000010 GOLDMAN SACHS & CO.
022 B000010 13-5108880
022 C000010     36191
<PAGE>      PAGE  3
022 D000010     32985
023 C000000    1953868
023 D000000     856442
077 A000000 Y
077 B000000 N
077 C000000 N
077 D000000 N
077 E000000 N
077 F000000 N
077 G000000 N
077 H000000 N
077 I000000 N
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
028 A010100      3963
028 A020100         0
028 A030100         0
028 A040100      6090
028 B010100      2209
028 B020100         0
028 B030100         0
028 B040100      3387
028 C010100      3270
028 C020100         0
028 C030100         0
028 C040100      8448
028 D010100      3823
028 D020100         0
028 D030100         0
028 D040100      5345
028 E010100      2156
028 E020100         0
028 E030100         0
028 E040100      5278
028 F010100      2202
028 F020100         0
028 F030100         0
028 F040100      4167
028 G010100     17623
028 G020100         0
028 G030100         0
028 G040100     32715
<PAGE>      PAGE  4
028 H000100         0
045  000100 Y
046  000100 N
047  000100 Y
048  000100  0.000
048 A010100   500000
048 A020100 1.000
048 B010100   500000
048 B020100 0.950
048 C010100        0
048 C020100 0.000
048 D010100        0
048 D020100 0.000
048 E010100        0
048 E020100 0.000
048 F010100        0
048 F020100 0.000
048 G010100        0
048 G020100 0.000
048 H010100        0
048 H020100 0.000
048 I010100        0
048 I020100 0.000
048 J010100        0
048 J020100 0.000
048 K010100  1000000
048 K020100 0.800
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
071 A000100    870396
071 B000100    856442
071 C000100    657351
071 D000100  130
072 A000100  6
072 B000100      234
<PAGE>      PAGE  5
072 C000100     3015
072 D000100        0
072 E000100        0
072 F000100     3294
072 G000100       30
072 H000100        0
072 I000100      107
072 J000100       61
072 K000100        0
072 L000100       15
072 M000100       32
072 N000100       21
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072 S000100       11
072 T000100        0
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072 W000100        5
072 X000100     3592
072 Y000100        0
072 Z000100     -343
072AA000100   141793
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073 A010100   0.0000
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074 F000100   730750
074 G000100        0
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074 M000100        0
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074 O000100     5084
074 P000100      601
<PAGE>      PAGE  6
074 Q000100        0
074 R010100        0
074 R020100        0
074 R030100        0
074 R040100     1169
074 S000100        0
074 T000100   732440
074 U010100    21228
074 U020100        0
074 V010100    34.50
074 V020100     0.00
074 W000100   0.0000
074 X000100    10824
074 Y000100        0
075 A000100        0
075 B000100   672952
076  000100     0.00
SIGNATURE   FRANK STRAUSS                                
TITLE       TREASURER           
 


<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000060332
<NAME> CGM CAPITAL DEVELOPMENT FUND
<SERIES>
   <NUMBER> 01
   <NAME> CGM CAPITAL DEVELOPMENT FUND
       
<S>                             <C>
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          DEC-31-1997
<PERIOD-END>                               JUN-30-1997
<INVESTMENTS-AT-COST>                        618834320
<INVESTMENTS-AT-VALUE>                       730750000
<RECEIVABLES>                                  8544386
<ASSETS-OTHER>                                       0
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<SENIOR-EQUITY>                                      0
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<ACCUMULATED-NII-CURRENT>                     (342705)
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<EQUALIZATION>                                       0
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<PER-SHARE-NII>                                 (0.02)
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<PER-SHARE-NAV-END>                              34.50
<EXPENSE-RATIO>                                   1.08
<AVG-DEBT-OUTSTANDING>                               0
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</TABLE>


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