Brochure is 8 inches by 10-1/2 inches, folding horizontally into three panels.
The first panel prints in blue with two horizontal white banners (black type
inside) and two additional lines of white type dropping out from the blue
background. Top banner reads:]
AMERICA'S #1 BALANCED FUND FOR 15-YEAR PERFORMANCE
[White type dropping out under banner to the right reads:]
CGM MUTUAL FUND
[Second banner reads:]
AMERICA'S #1 BALANCED FUND MANAGER FOR 15-YEAR PERFORMANCE
[White type dropping out under banner to the right reads:]
KEN HEEBNER
[Upon opening the brochure, the next panel one sees prints in blue with type
dropping out from the background, some with light screens over letters, some
printing in white. Actual text is a repeating pattern of the following:]
ONE FUND. ONE MANAGER. FIFTEEN YEARS.
[When the brochure is fully opened, a chart fills the inside three panels. The
background is dark blue at the top fading to very light blue at the bottom.
The headline at the top prints in white with black underlining and reads:]
ONE FUND.
ONE MANAGER.
FIFTEEN YEARS.
[Underneath the headline is a mountain chart; horizontal lines run across the
page with type at top in white reading:]
GROWTH OF A $10,000 INVESTMENT IN CGM MUTUAL FUND.
3/31/81-3/31-96
[Two thick lines appear in the chart; one is in yellow and is identified as:]
CGM MUTUAL FUND
[At the end of the line printing in yellow in white type is the total:]
$85,288
[The second line is printed in grey and identified in black type as:]
LIPPER BALANCED FUND AVERAGE
[In black type, the years 1981 through 1996 appear sequentially at the bottom of
the chart.]
[Beneath the chart in white type (numbers are larger than text) appears:]
15.4%, 12.6%, 13.1% and 28.7% are the average annual total returns of CGM Mutual
Fund for the 15-, 10-, 5-, and 1-year periods ended March 31, 1996.
Chart assumes reinvestment of capital gains and dividends. Lipper Analytical
Services, Inc., a mutual fund ranking service, ranks CGM Mutual Fund #1 of 24
balanced funds for 15-year performance, #2 of 30 balanced funds for 10-year
performance, #8 of 63 balanced funds for 5-year performance, and #10 of 239
balanced funds for one-year performance for the periods ended March 31, 1996.
This information represents past performance which is no guarantee of future
results. The investment return and principal value of shares will fluctuate and
you may have a gain or loss when you sell shares. For more complete information,
including management fees and expenses, refer to the current prospectus.
Additional copies of the prospectus are available for the Fund at the address
and telephone below.
[In larger black type below the above text:]
For more of a good thing, add to your CGM Mutual Fund investment today. Simply
complete the Additional Investment Stub at the bottom of your statement and
return it with your check in the envelope provided. [In the bottom right hand
corner appears a black and white line drawing of a fencer in a lined box (logo).
To the right in black type:]
CGM MUTUAL FUND
POST OFFICE BOX 449
BOSTON, MA 02117-0449
1-800-598-0741
[in the final panel on the back of the brochure appears the fencer logo (again)
and in blue type:]
CGM MUTUAL FUND
[In black type:]
POST OFFICE BOX 449
BOSTON, MA 02117-0449
1-800-598-0741
[In the lower right hand corner in very small type, a code number:]
CGM 603290
