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YOU HAVE LONG-TERM EXPECTATIONS.
WE HAVE LONG-TERM PERFORMANCE. [Headline in largest (white) type prints against
a black background; two lines appear above and below black and white photo of a
fencing trophy/lunging fencer atop wooden base with metal plaque on the base
with following text printing in black on the plaque.]
739% [large type]
Total Return 7/1/81-6/30/96 [small italic type]
AMERICA'S #1 BALANCED FUND FOR 15-YEARS [medium size type]
[Beneath the black background is a white area with type printing in black. First
line is small bold type reading:]
Continuously managed since 1981 by Ken Heebner
[In regular text weight, 12 pt. type, text below flows into two columns and
reads:]
Planning a comfortable retirement isn't a short-term project. To
accumulate the kind of dollars you're going to need to maintain your present
standard of living takes years and years of successful investing. Over the past
15 years, CGM Mutual Fund has shown itself to be a successful investment,
weathering losses and gains to come out on top in the balanced fund category.
While past performance is no guarantee of future results, it's not a bad place
to start.
For more information about a CGM Mutual Fund retirement account, call toll free.
[In larger bold, underlined type:]
CGM Mutual Fund
[in much smaller text:]
The CGM Funds, 222 Berkeley Street, Suite 1013,Boston, MA 02116 [In larger type
follows the telephone number:]
1-800-598-0756
[To the left of the address is a black box--postage-stamp-sized--with a line
drawing of a fencer and lines in the background. (logo)]
[A rule runs beneath this entire two-column text area.
Beneath the rule is the following disclosure text; please note that numbers that
follow are the same type size and weight as total return number above; all other
text is considerably smaller:]
14.11%, 13.15%, 11.88% and 15.23% are the average annual total returns of CGM
Mutual Fund for 1, 5, 10, and 15-year periods ended 6/30/96. Lipper Analytical
Services, Inc., an independent mutual fund ranking service ranks CGM Mutual Fund
#1 of 24 balanced funds for 15-year performance, #4 of 30 balanced funds for
10-year performance, #8 of 67 balanced funds for 5-year performance, and #69 of
247 balanced funds for one year performance for the periods ended 6/30/96.
This information represents past performance, which is no guarantee of future
results. The investment return and principal value of your shares will fluctuate
and you may have a gain or loss when you sell shares. For more complete
information, including management fees, charges, and expenses, refer to the
current prospectus which is available from the address above. Read it carefully
before you invest or sent money.
1996 CGM
[Entire ad is surrounded by a decorative border containing the following words
used as a repetitive pattern:] No-Load
