<PAGE> PAGE 1
000 A000000 06/30/95
000 C000000 0000060335
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 TRUST
001 B000000 811-82
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 4
007 C010100 1
007 C020100 CGM MUTUAL FUND
007 C030100 N
007 C010200 2
007 C020200 CGM FIXED INCOME FUND
007 C030200 N
007 C010300 3
007 C020300 CGM AMERICAN TAX FREE FUND
007 C030300 N
007 C010400 4
007 C020400 CGM REALTY FUND
007 C030400 N
020 A000001 PAINE WEBBER INC.
020 B000001 13-2638166
020 C000001 277
020 A000002 GOLDMAN SACHS & CO
020 B000002 13-5108880
020 C000002 265
020 A000003 CORRESPONDENT SERVICES INC.
020 C000003 167
020 A000004 DONALDSON LUFKIN JENRETTE & CO
020 B000004 13-5033225
020 C000004 129
020 A000005 MERRILL LYNCH PIERCE FENNER & SMITH
020 B000005 13-5674085
020 C000005 121
020 A000006 ALEX BROWN & SONS
020 B000006 52-0256630
020 C000006 118
<PAGE> PAGE 2
020 A000007 MONTGOMERY SECURITIES
020 B000007 94-1701676
020 C000007 103
020 A000008 LEHMAN BROTHERS
020 C000008 100
020 A000009 ROBINSON HUMPHREY
020 B000009 58-1472560
020 C000009 93
020 A000010 UBS SECURITIES INC
020 B000010 13-2932996
020 C000010 86
021 000000 2690
022 A000001 SALOMAN BROTHERS INC.
022 B000001 13-3082694
022 C000001 826600
022 D000001 306001
022 A000002 CHEVRON OIL & FINANCE CO
022 B000002 25-1215010
022 C000002 291830
022 D000002 0
022 A000003 DONLADSON LUFKIN & JENRETTE & CO.
022 B000003 13-5033225
022 C000003 117755
022 D000003 91663
022 A000004 AMERICAN EXPRESS CO
022 B000004 13-2518466
022 C000004 176295
022 D000004 0
022 A000005 MERRILL LYNCH PIERCE FENNER AND SMITH, INC.
022 B000005 13-5674085
022 C000005 23824
022 D000005 111448
022 A000006 PAINE WEBBER INC
022 B000006 13-2638166
022 C000006 7448
022 D000006 97880
022 A000007 LEHMAN BROTHERS
022 C000007 75181
022 D000007 25496
022 A000008 CORRESPONDENT SERVICES INC.
022 C000008 31656
022 D000008 62230
022 A000009 GOLDMAN SACHS & CO
022 B000009 13-5108880
022 C000009 20805
022 D000009 68946
022 A000010 ROBINSON HUMPHREY
022 B000010 58-1472560
022 C000010 11712
022 D000010 56417
023 C000000 2244099
<PAGE> PAGE 3
023 D000000 1328945
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
024 000100 N
028 A010100 12100
028 A020100 0
028 A030100 0
028 A040100 21098
028 B010100 8634
028 B020100 0
028 B030100 0
028 B040100 18388
028 C010100 8525
028 C020100 0
028 C030100 0
028 C040100 23643
028 D010100 10156
028 D020100 7284
028 D030100 0
028 D040100 17580
028 E010100 6800
028 E020100 0
028 E030100 0
028 E040100 25583
028 F010100 5833
028 F020100 0
028 F030100 0
028 F040100 21332
028 G010100 52048
028 G020100 7284
028 G030100 0
028 G040100 127624
028 H000100 0
<PAGE> PAGE 4
055 A000100 N
055 B000100 N
056 000100 Y
057 000100 N
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
<PAGE> PAGE 5
070 O020100 N
070 P010100 N
070 P020100 N
070 Q010100 N
070 Q020100 N
070 R010100 N
070 R020100 N
071 A000100 1182566
071 B000100 1006253
071 C000100 879537
071 D000100 114
072 A000100 6
072 B000100 10306
072 C000100 11779
072 D000100 0
072 E000100 0
072 F000100 3637
072 G000100 40
072 H000100 0
072 I000100 980
072 J000100 87
072 K000100 0
072 L000100 52
072 M000100 32
072 N000100 70
072 O000100 0
072 P000100 0
072 Q000100 0
072 R000100 16
072 S000100 27
072 T000100 0
072 U000100 0
072 V000100 0
072 W000100 8
072 X000100 4949
072 Y000100 0
072 Z000100 17136
072AA000100 0
072BB000100 5471
072CC010100 142645
072CC020100 0
072DD010100 8171
072DD020100 0
072EE000100 0
073 A010100 0.2000
073 A020100 0.0000
073 B000100 0.0000
073 C000100 0.0000
074 A000100 2
074 B000100 0
074 C000100 10815
<PAGE> PAGE 6
074 D000100 347662
074 E000100 0
074 F000100 777305
074 G000100 0
074 H000100 0
074 I000100 0
074 J000100 57839
074 K000100 0
074 L000100 9971
074 M000100 0
074 N000100 1203594
074 O000100 60068
074 P000100 647
074 Q000100 0
074 R010100 0
074 R020100 0
074 R030100 0
074 R040100 1658
074 S000100 0
074 T000100 1141221
074 U010100 39849
074 U020100 0
074 V010100 28.64
074 V020100 0.00
074 W000100 0.0000
074 X000100 82954
074 Y000100 0
075 A000100 0
075 B000100 1074536
076 000100 0.00
024 000200 Y
025 A000201 LEHMAN BROTHERS HOLDINGS, INC.
025 C000201 D
025 D000201 1058
025 D000202 0
025 D000203 0
025 D000204 0
025 D000205 0
025 D000206 0
025 D000207 0
025 D000208 0
028 A010200 393
028 A020200 0
028 A030200 0
028 A040200 1290
028 B010200 331
028 B020200 145
028 B030200 0
028 B040200 367
028 C010200 552
028 C020200 152
<PAGE> PAGE 7
028 C030200 0
028 C040200 914
028 D010200 222
028 D020200 150
028 D030200 0
028 D040200 400
028 E010200 388
028 E020200 149
028 E030200 0
028 E040200 760
028 F010200 386
028 F020200 148
028 F030200 0
028 F040200 729
028 G010200 2272
028 G020200 744
028 G030200 0
028 G040200 4460
028 H000200 0
055 A000200 N
055 B000200 N
056 000200 Y
057 000200 N
062 A000200 Y
062 B000200 0.0
062 C000200 0.0
062 D000200 0.0
062 E000200 0.0
062 F000200 0.0
062 G000200 0.0
062 H000200 0.0
062 I000200 2.6
062 J000200 0.0
062 K000200 0.0
062 L000200 0.0
062 M000200 3.0
062 N000200 0.0
062 O000200 0.0
062 P000200 61.2
062 Q000200 0.0
062 R000200 33.2
063 A000200 0
063 B000200 13.4
064 A000200 N
064 B000200 N
070 A010200 Y
070 A020200 Y
070 B010200 N
070 B020200 N
070 C010200 Y
070 C020200 N
<PAGE> PAGE 8
070 D010200 N
070 D020200 N
070 E010200 N
070 E020200 N
070 F010200 N
070 F020200 N
070 G010200 N
070 G020200 N
070 H010200 N
070 H020200 N
070 I010200 N
070 I020200 N
070 J010200 Y
070 J020200 N
070 K010200 Y
070 K020200 N
070 L010200 Y
070 L020200 N
070 M010200 N
070 M020200 N
070 N010200 N
070 N020200 N
070 O010200 Y
070 O020200 N
070 P010200 N
070 P020200 N
070 Q010200 N
070 Q020200 N
070 R010200 N
070 R020200 N
071 A000200 21368
071 B000200 23677
071 C000200 28655
071 D000200 75
072 A000200 6
072 B000200 997
072 C000200 159
072 D000200 0
072 E000200 0
072 F000200 80
072 G000200 5
072 H000200 0
072 I000200 37
072 J000200 29
072 K000200 0
072 L000200 14
072 M000200 20
072 N000200 14
072 O000200 0
072 P000200 0
072 Q000200 0
<PAGE> PAGE 9
072 R000200 15
072 S000200 15
072 T000200 0
072 U000200 8
072 V000200 0
072 W000200 1
072 X000200 238
072 Y000200 114
072 Z000200 1032
072AA000200 0
072BB000200 434
072CC010200 4079
072CC020200 0
072DD010200 907
072DD020200 0
072EE000200 0
073 A010200 0.3130
073 A020200 0.0000
073 B000200 0.0000
073 C000200 0.0000
074 A000200 3
074 B000200 0
074 C000200 810
074 D000200 19915
074 E000200 7369
074 F000200 2076
074 G000200 0
074 H000200 0
074 I000200 15
074 J000200 2279
074 K000200 0
074 L000200 610
074 M000200 26
074 N000200 33103
074 O000200 2044
074 P000200 10
074 Q000200 0
074 R010200 0
074 R020200 0
074 R030200 0
074 R040200 52
074 S000200 0
074 T000200 30997
074 U010200 2850
074 U020200 0
074 V010200 10.88
074 V020200 0.00
074 W000200 0.0000
074 X000200 2434
074 Y000200 0
075 A000200 0
<PAGE> PAGE 10
075 B000200 29483
076 000200 0.00
024 000300 N
028 A010300 92
028 A020300 0
028 A030300 0
028 A040300 236
028 B010300 236
028 B020300 45
028 B030300 0
028 B040300 240
028 C010300 119
028 C020300 47
028 C030300 0
028 C040300 109
028 D010300 222
028 D020300 47
028 D030300 0
028 D040300 146
028 E010300 124
028 E020300 46
028 E030300 0
028 E040300 167
028 F010300 93
028 F020300 46
028 F030300 0
028 F040300 83
028 G010300 886
028 G020300 231
028 G030300 0
028 G040300 981
028 H000300 0
055 A000300 N
055 B000300 N
056 000300 Y
057 000300 N
062 A000300 Y
062 B000300 0.0
062 C000300 0.0
062 D000300 0.0
062 E000300 0.0
062 F000300 0.0
062 G000300 0.0
062 H000300 0.0
062 I000300 1.2
062 J000300 0.0
062 K000300 0.0
062 L000300 0.0
062 M000300 0.0
062 N000300 0.0
062 O000300 96.8
<PAGE> PAGE 11
062 P000300 0.0
062 Q000300 0.0
062 R000300 2.0
063 A000300 0
063 B000300 15.9
064 A000300 N
064 B000300 N
070 A010300 Y
070 A020300 Y
070 B010300 N
070 B020300 N
070 C010300 Y
070 C020300 N
070 D010300 N
070 D020300 N
070 E010300 Y
070 E020300 N
070 F010300 N
070 F020300 N
070 G010300 Y
070 G020300 N
070 H010300 N
070 H020300 N
070 I010300 N
070 I020300 N
070 J010300 Y
070 J020300 N
070 K010300 Y
070 K020300 N
070 L010300 N
070 L020300 N
070 M010300 N
070 M020300 N
070 N010300 N
070 N020300 N
070 O010300 Y
070 O020300 N
070 P010300 N
070 P020300 N
070 Q010300 N
070 Q020300 N
070 R010300 N
070 R020300 N
071 A000300 8041
071 B000300 8194
071 C000300 10290
071 D000300 78
072 A000300 6
072 B000300 352
072 C000300 0
072 D000300 0
<PAGE> PAGE 12
072 E000300 0
072 F000300 32
072 G000300 2
072 H000300 0
072 I000300 15
072 J000300 31
072 K000300 0
072 L000300 12
072 M000300 12
072 N000300 9
072 O000300 0
072 P000300 0
072 Q000300 0
072 R000300 13
072 S000300 12
072 T000300 0
072 U000300 0
072 V000300 0
072 W000300 1
072 X000300 139
072 Y000300 139
072 Z000300 352
072AA000300 0
072BB000300 53
072CC010300 573
072CC020300 0
072DD010300 293
072DD020300 0
072EE000300 0
073 A010300 0.2550
073 A020300 0.0000
073 B000300 0.0000
073 C000300 0.0000
074 A000300 9
074 B000300 0
074 C000300 125
074 D000300 10518
074 E000300 0
074 F000300 0
074 G000300 0
074 H000300 0
074 I000300 0
074 J000300 0
074 K000300 0
074 L000300 227
074 M000300 0
074 N000300 10879
074 O000300 0
074 P000300 0
074 Q000300 0
074 R010300 0
<PAGE> PAGE 13
074 R020300 0
074 R030300 0
074 R040300 16
074 S000300 0
074 T000300 10863
074 U010300 1163
074 U020300 0
074 V010300 9.34
074 V020300 0.00
074 W000300 0.0000
074 X000300 1205
074 Y000300 0
075 A000300 0
075 B000300 10603
076 000300 0.00
024 000400 N
028 A010400 2093
028 A020400 0
028 A030400 0
028 A040400 641
028 B010400 1669
028 B020400 0
028 B030400 0
028 B040400 843
028 C010400 789
028 C020400 0
028 C030400 0
028 C040400 1104
028 D010400 769
028 D020400 496
028 D030400 0
028 D040400 942
028 E010400 2393
028 E020400 0
028 E030400 0
028 E040400 1914
028 F010400 1108
028 F020400 0
028 F030400 0
028 F040400 971
028 G010400 8821
028 G020400 496
028 G030400 0
028 G040400 6415
028 H000400 0
055 A000400 N
055 B000400 N
056 000400 Y
057 000400 N
062 A000400 N
062 B000400 0.0
<PAGE> PAGE 14
062 C000400 0.0
062 D000400 0.0
062 E000400 0.0
062 F000400 0.0
062 G000400 0.0
062 H000400 0.0
062 I000400 0.0
062 J000400 0.0
062 K000400 0.0
062 L000400 0.0
062 M000400 0.0
062 N000400 0.0
062 O000400 0.0
062 P000400 0.0
062 Q000400 0.0
062 R000400 0.0
070 A010400 Y
070 A020400 Y
070 B010400 Y
070 B020400 N
070 C010400 Y
070 C020400 N
070 D010400 Y
070 D020400 N
070 E010400 Y
070 E020400 N
070 F010400 Y
070 F020400 N
070 G010400 Y
070 G020400 N
070 H010400 Y
070 H020400 N
070 I010400 N
070 I020400 N
070 J010400 Y
070 J020400 N
070 K010400 Y
070 K020400 N
070 L010400 N
070 L020400 N
070 M010400 N
070 M020400 N
070 N010400 N
070 N020400 N
070 O010400 Y
070 O020400 N
070 P010400 N
070 P020400 N
070 Q010400 N
070 Q020400 N
070 R010400 N
<PAGE> PAGE 15
070 R020400 N
071 A000400 23919
071 B000400 20407
071 C000400 36124
071 D000400 56
072 A000400 6
072 B000400 12
072 C000400 1370
072 D000400 0
072 E000400 0
072 F000400 154
072 G000400 6
072 H000400 0
072 I000400 48
072 J000400 26
072 K000400 0
072 L000400 16
072 M000400 11
072 N000400 18
072 O000400 0
072 P000400 0
072 Q000400 0
072 R000400 10
072 S000400 20
072 T000400 0
072 U000400 7
072 V000400 0
072 W000400 1
072 X000400 317
072 Y000400 135
072 Z000400 1200
072AA000400 0
072BB000400 1080
072CC010400 1698
072CC020400 0
072DD010400 558
072DD020400 0
072EE000400 0
073 A010400 0.1500
073 A020400 0.0000
073 B000400 0.0000
073 C000400 0.0000
074 A000400 5
074 B000400 0
074 C000400 350
074 D000400 0
074 E000400 0
074 F000400 38017
074 G000400 0
074 H000400 0
074 I000400 0
<PAGE> PAGE 16
074 J000400 0
074 K000400 0
074 L000400 351
074 M000400 54
074 N000400 38777
074 O000400 253
074 P000400 6
074 Q000400 0
074 R010400 0
074 R020400 0
074 R030400 0
074 R040400 80
074 S000400 0
074 T000400 38438
074 U010400 3826
074 U020400 0
074 V010400 10.05
074 V020400 0.00
074 W000400 0.0000
074 X000400 4961
074 Y000400 0
075 A000400 0
075 B000400 36608
076 000400 0.00
SIGNATURE FRANK STRAUSS
TITLE TREASURER
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000060335
<NAME> CGM TRUST
<SERIES>
<NUMBER> 1
<NAME> CGM MUTUAL FUND
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> DEC-31-1995
<PERIOD-END> JUN-30-1995
<INVESTMENTS-AT-COST> 1003188530
<INVESTMENTS-AT-VALUE> 1135781478
<RECEIVABLES> 67809577
<ASSETS-OTHER> 2454
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 1203593509
<PAYABLE-FOR-SECURITIES> 60067923
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 2304543
<TOTAL-LIABILITIES> 62372466
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 1037214320
<SHARES-COMMON-STOCK> 39849467
<SHARES-COMMON-PRIOR> 42453077
<ACCUMULATED-NII-CURRENT> 13749972
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (42336197)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 132592948
<NET-ASSETS> 1141221043
<DIVIDEND-INCOME> 11778835
<INTEREST-INCOME> 10305911
<OTHER-INCOME> 0
<EXPENSES-NET> (4948707)
<NET-INVESTMENT-INCOME> 17136039
<REALIZED-GAINS-CURRENT> (5471432)
<APPREC-INCREASE-CURRENT> 142644767
<NET-CHANGE-FROM-OPS> 154309374
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (8171033)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 2013009
<NUMBER-OF-SHARES-REDEEMED> (4894630)
<SHARES-REINVESTED> 278011
<NET-CHANGE-IN-ASSETS> 77845713
<ACCUMULATED-NII-PRIOR> 4784966
<ACCUMULATED-GAINS-PRIOR> (36864765)
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 3637100
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 4948707
<AVERAGE-NET-ASSETS> 1074535879
<PER-SHARE-NAV-BEGIN> 25.05
<PER-SHARE-NII> 0.43
<PER-SHARE-GAIN-APPREC> 3.36
<PER-SHARE-DIVIDEND> (0.20)
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 28.64
<EXPENSE-RATIO> 0.93
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000060335
<NAME> CGM TRUST
<SERIES>
<NUMBER> 2
<NAME> CGM FIXED INCOME FUND
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> DEC-31-1995
<PERIOD-END> JUN-30-1995
<INVESTMENTS-AT-COST> 27857131
<INVESTMENTS-AT-VALUE> 30184503
<RECEIVABLES> 2889167
<ASSETS-OTHER> 29483
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 33103153
<PAYABLE-FOR-SECURITIES> 2043712
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 62043
<TOTAL-LIABILITIES> 2105755
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 31621521
<SHARES-COMMON-STOCK> 2850206
<SHARES-COMMON-PRIOR> 2994679
<ACCUMULATED-NII-CURRENT> 125548
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (3077043)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 2327372
<NET-ASSETS> 30997398
<DIVIDEND-INCOME> 158861
<INTEREST-INCOME> 997607
<OTHER-INCOME> 0
<EXPENSES-NET> (124275)
<NET-INVESTMENT-INCOME> 1032193
<REALIZED-GAINS-CURRENT> (434474)
<APPREC-INCREASE-CURRENT> 4078671
<NET-CHANGE-FROM-OPS> 4676390
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (906645)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 223684
<NUMBER-OF-SHARES-REDEEMED> (441548)
<SHARES-REINVESTED> 73391
<NET-CHANGE-IN-ASSETS> 2325442
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> (2642569)
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 80413
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 238238
<AVERAGE-NET-ASSETS> 29483323
<PER-SHARE-NAV-BEGIN> 9.57
<PER-SHARE-NII> 0.36
<PER-SHARE-GAIN-APPREC> 1.26
<PER-SHARE-DIVIDEND> (0.31)
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 10.88
<EXPENSE-RATIO> 0.85
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000060335
<NAME> CGM TRUST
<SERIES>
<NUMBER> 3
<NAME> CGM AMERICAN TAX FREE FUND
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> DEC-31-1995
<PERIOD-END> JUN-30-1995
<INVESTMENTS-AT-COST> 10552642
<INVESTMENTS-AT-VALUE> 10642867
<RECEIVABLES> 227369
<ASSETS-OTHER> 9076
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 10879312
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 16247
<TOTAL-LIABILITIES> 16247
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 11774860
<SHARES-COMMON-STOCK> 1163471
<SHARES-COMMON-PRIOR> 1149530
<ACCUMULATED-NII-CURRENT> 58850
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (1060870)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 90225
<NET-ASSETS> 10863065
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 352331
<OTHER-INCOME> 0
<EXPENSES-NET> 0
<NET-INVESTMENT-INCOME> 352331
<REALIZED-GAINS-CURRENT> (53447)
<APPREC-INCREASE-CURRENT> 572895
<NET-CHANGE-FROM-OPS> 871779
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (293481)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 96008
<NUMBER-OF-SHARES-REDEEMED> (106994)
<SHARES-REINVESTED> 24927
<NET-CHANGE-IN-ASSETS> 713312
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> (1007423)
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 31548
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 139073
<AVERAGE-NET-ASSETS> 10603247
<PER-SHARE-NAV-BEGIN> 8.83
<PER-SHARE-NII> 0.31
<PER-SHARE-GAIN-APPREC> 0.46
<PER-SHARE-DIVIDEND> (0.26)
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 9.34
<EXPENSE-RATIO> 0.00
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000060335
<NAME> CGM TRUST
<SERIES>
<NUMBER> 4
<NAME> CGM REALTY FUND
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> DEC-31-1995
<PERIOD-END> JUN-30-1995
<INVESTMENTS-AT-COST> 36888337
<INVESTMENTS-AT-VALUE> 38366925
<RECEIVABLES> 351352
<ASSETS-OTHER> 58842
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 38777119
<PAYABLE-FOR-SECURITIES> 252713
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 85988
<TOTAL-LIABILITIES> 338701
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 37552898
<SHARES-COMMON-STOCK> 3826282
<SHARES-COMMON-PRIOR> 3530021
<ACCUMULATED-NII-CURRENT> 884952
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (1478020)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 1478588
<NET-ASSETS> 38438418
<DIVIDEND-INCOME> 1369857
<INTEREST-INCOME> 11722
<OTHER-INCOME> 0
<EXPENSES-NET> (181535)
<NET-INVESTMENT-INCOME> 1200044
<REALIZED-GAINS-CURRENT> (1080451)
<APPREC-INCREASE-CURRENT> 1698407
<NET-CHANGE-FROM-OPS> 1818000
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (558097)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 900142
<NUMBER-OF-SHARES-REDEEMED> (655476)
<SHARES-REINVESTED> 51595
<NET-CHANGE-IN-ASSETS> 4161642
<ACCUMULATED-NII-PRIOR> 243005
<ACCUMULATED-GAINS-PRIOR> (397569)
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 154305
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 316491
<AVERAGE-NET-ASSETS> 36607955
<PER-SHARE-NAV-BEGIN> 9.71
<PER-SHARE-NII> 0.38
<PER-SHARE-GAIN-APPREC> 0.11
<PER-SHARE-DIVIDEND> (0.15)
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 10.05
<EXPENSE-RATIO> 1.00
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
