CGM TRUST
NSAR-B, 1996-02-27
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<PAGE>      PAGE  1
000 B000000 12/31/95
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 GOLDMAN SACHS & CO.
020 B000001 13-5108880
020 C000001    460
020 A000002 PAINE WEBBER, INC.
020 B000002 13-2638166
020 C000002    372
020 A000003 MERRILL LUNCH PIERCE FENNER & SMITH
020 B000003 13-5674085
020 C000003    321
020 A000004 CORRESPONDENT SERVICES, INC.
020 C000004    279
020 A000005 ALEX BROWN & SONS
020 B000005 52-0256630
020 C000005    245
020 A000006 DONALDSON LUFKIN JENRETTE & CO.
020 B000006 13-5033225
020 C000006    202
<PAGE>      PAGE  2
020 A000007 WERTHEIM & CO., INC.
020 B000007 13-2697272
020 C000007    191
020 A000008 LEHMAN BROTHERS
020 C000008    184
020 A000009 ROBINSON HUMPHREY
020 B000009 58-1472560
020 C000009    175
020 A000010 WILLIAM BLAIR & CO.
020 B000010 36-2214610
020 C000010    128
021  000000     5198
022 A000001 SALOMAN BROTHERS INC.
022 B000001 13-3082694
022 C000001   1284598
022 D000001    723932
022 A000002 CHEVRON OIL & FINANCE CO
022 B000002 25-1215010
022 C000002    497725
022 D000002         0
022 A000003 AMERICAN EXPRESS CO.
022 B000003 13-2518466
022 C000003    423060
022 D000003         0
022 A000004 MERRILL LYNCH PIERCE FENNER & SMITH, INC.
022 B000004 13-5674085
022 C000004    120877
022 D000004    215067
022 A000005 DONALDSON LUFKIN JENRETTE & CO.
022 B000005 13-5033225
022 C000005    150563
022 D000005    177455
022 A000006 WERTHEIM & CO., INC.
022 B000006 13-2697272
022 C000006     69667
022 D000006    176468
022 A000007 LEHMAN BROTHERS
022 C000007    168694
022 D000007     77204
022 A000008 GOLDMAN SACHS & CO.
022 B000008 13-5108880
022 C000008     69294
022 D000008    155551
022 A000009 MONTGOMERY SECURITIES
022 B000009 94-1701676
022 C000009     98278
022 D000009    102784
022 A000010 CORRESPONDENT SERVICES INC.
022 C000010    105980
022 D000010     91488
023 C000000    4709889
<PAGE>      PAGE  3
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<PAGE>      PAGE  4
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<PAGE>      PAGE  5
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<PAGE>      PAGE  6
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<PAGE>      PAGE  7
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<PAGE>      PAGE  8
062 R000200  35.2
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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 Y
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070 N010200 N
070 N020200 N
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<PAGE>      PAGE  9
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<PAGE>      PAGE  10
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<PAGE>      PAGE  11
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<PAGE>      PAGE  12
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<PAGE>      PAGE  13
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<PAGE>      PAGE  14
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<PAGE>      PAGE  15
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SIGNATURE   FRANK STRAUSS                                
TITLE       TREASURER           
 


<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000060335
<NAME> CGM TRUST
<SERIES>
   <NUMBER> 1
   <NAME> CGM MUTUAL FUND
       
<S>                             <C>
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</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000060335
<NAME> CGM TRUST
<SERIES>
   <NUMBER> 2
   <NAME> CGM FIXED INCOME FUND
       
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</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000060335
<NAME> CGM TRUST
<SERIES>
   <NUMBER> 3
   <NAME> CGM AMERICAN TAX FREE FUND
       
<S>                             <C>
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</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000060335
<NAME> CGM TRUST
<SERIES>
   <NUMBER> 4
   <NAME> CGM REALTY FUND
       
<S>                             <C>
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</TABLE>


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