CGM CAPITAL DEVELOPMENT FUND
NSAR-A, 1998-08-28
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<PAGE>      PAGE  1
000 A000000 06/30/98
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    447
020 A000002 LEHMAN BOTHERS
020 C000002    118
020 A000003 ALEX BROWN & SONS
020 B000003 52-0256630
020 C000003    114
020 A000004 CS FIRST BOSTON CORP.
020 C000004    137
020 A000005 MONTGOMERY SECURITIES
020 B000005 94-1701676
020 C000005    128
020 A000006 ROBINSON HUMPHREY
020 B000006 58-1472560
020 C000006    130
020 A000007 HAMBRECH
<PAGE>      PAGE  2
020 C000007    120
020 A000008 FURMAN, SELZ, MAGERDIETZ & BIRNE
020 C000008    247
020 A000009 TUCKER ANTHONY
020 C000009    136
020 A000010 BEAR STEARNS & CO
020 B000010 13-4946705
020 C000010    167
021  000000     3530
022 A000001 ABN AMRO CHICAGO CORP.
022 C000001      4104
022 D000001         0
022 A000002 AMERICAN EXPRESS CO.
022 B000002 13-2518466
022 C000002    380035
022 D000002         0
022 A000003 DONALDSON LUFKIN & JENRETTE & CO.
022 B000003 13-5033225
022 C000003     17160
022 D000003      6087
022 A000004 CHEVRON OIL
022 B000004 25-1215010
022 C000004     30970
022 D000004         0
022 A000005 LEHMAN BROTHERS
022 C000005     48444
022 D000005     42136
022 A000006 MONTGOMERY SECURITIES
022 B000006 94-1701676
022 C000006    114688
022 D000006         0
022 A000007 SOUNDVIEW FUNANCIAL GROUP
022 C000007      2374
022 D000007     37114
022 A000008 JP MORGAN SECURITIES
022 C000008      8826
022 D000008     25728
022 A000009 MORGAN STANLEY AND CO.
022 C000009     29538
022 D000009     25329
022 A000010 GOLDMAN SACHS & CO.
022 B000010 13-5108880
022 C000010     10575
022 D000010     12713
023 C000000    1846036
023 D000000    1458987
077 A000000 Y
077 B000000 N
077 C000000 N
077 D000000 N
077 E000000 N
<PAGE>      PAGE  3
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      5184
028 A020100         0
028 A030100         0
028 A040100      5735
028 B010100      2924
028 B020100         0
028 B030100         0
028 B040100      5423
028 C010100      3117
028 C020100         0
028 C030100         0
028 C040100      5546
028 D010100      2036
028 D020100         0
028 D030100         0
028 D040100      8114
028 E010100      1585
028 E020100         0
028 E030100         0
028 E040100      5962
028 F010100      2869
028 F020100         0
028 F030100         0
028 F040100      8815
028 G010100     17715
028 G020100         0
028 G030100         0
028 G040100     39595
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
<PAGE>      PAGE  4
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
070 Q010100 N
070 Q020100 N
070 R010100 N
070 R020100 N
071 A000100   1431456
071 B000100   1458987
071 C000100    764202
071 D000100  378
<PAGE>      PAGE  5
072 A000100  6
072 B000100       92
072 C000100     7831
072 D000100        0
072 E000100        0
072 F000100     3761
072 G000100       26
072 H000100        0
072 I000100       97
072 J000100       60
072 K000100        0
072 L000100       14
072 M000100       26
072 N000100       27
072 O000100        0
072 P000100        0
072 Q000100        0
072 R000100       15
072 S000100        8
072 T000100        0
072 U000100        0
072 V000100        0
072 W000100        1
072 X000100     4035
072 Y000100        0
072 Z000100     3888
072AA000100   121751
072BB000100        0
072CC010100        0
072CC020100    74631
072DD010100        0
072DD020100        0
072EE000100        0
073 A010100   0.0000
073 A020100   0.0000
073 B000100   0.0000
073 C000100   0.0000
074 A000100        4
074 B000100        0
074 C000100      275
074 D000100        0
074 E000100        0
074 F000100   748936
074 G000100        0
074 H000100        0
074 I000100        0
074 J000100    30553
074 K000100        0
074 L000100      956
074 M000100        0
074 N000100   780724
<PAGE>      PAGE  6
074 O000100    27930
074 P000100      618
074 Q000100        0
074 R010100        0
074 R020100        0
074 R030100        0
074 R040100      376
074 S000100        0
074 T000100   751800
074 U010100    26068
074 U020100        0
074 V010100    28.84
074 V020100     0.00
074 W000100   0.0000
074 X000100    10803
074 Y000100        0
075 A000100        0
075 B000100   771947
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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</TABLE>


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