CGM TRUST
NSAR-A, 1996-08-29
Previous: CGM CAPITAL DEVELOPMENT FUND, NSAR-A, 1996-08-29
Next: LOUISIANA PACIFIC CORP, S-8, 1996-08-29



<PAGE>      PAGE  1
000 A000000 06/30/96
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 MERRILL LYNCH PIERCE FENNER & SMITH
020 B000001 13-5674085
020 C000001    184
020 A000002 WERTHEIM & CO., INC.
020 B000002 13-2697272
020 C000002    163
020 A000003 ALEX BROWN & SONS
020 B000003 52-0256630
020 C000003    158
020 A000004 GOLDMAN SACHS & CO.
020 B000004 13-5108880
020 C000004    137
020 A000005 DONLADSON LUFKIN JENRETTE & CO.
020 B000005 13-5033225
020 C000005    115
020 A000006 PAINE WEBBER INC.
020 B000006 13-2638166
<PAGE>      PAGE  2
020 C000006     96
020 A000007 NATWEST SECURITIES CORP.
020 C000007     96
020 A000008 LEHMAN BROTHERS
020 C000008     71
020 A000009 DEAN WITTER REYNOLDS INC.
020 C000009     69
020 A000010 ROBINSON HUMPHREY
020 B000010 58-1472560
020 C000010     66
021  000000     2414
022 A000001 SALOMAN BROTHERS INC.
022 B000001 13-3082694
022 C000001    504087
022 D000001    302604
022 A000002 AMERICAN EXPRESS CO.
022 B000002 13-2518466
022 C000002    527715
022 D000002         0
022 A000003 MERRILL LYNCH PIERCE FENNER & SMITH, INC.
022 B000003 13-5674085
022 C000003     84480
022 D000003    129521
022 A000004 WERTHEIM & CO., INC.
022 B000004 13-2697272
022 C000004     39683
022 D000004    125014
022 A000005 ALEX BROWN & SONS
022 B000005 52-0256630
022 C000005    119780
022 D000005     29521
022 A000006 DONALDSON LUFKIN JENRETTE & CO.
022 B000006 13-5033225
022 C000006     75253
022 D000006     52944
022 A000007 GOLDMAN SACHS & CO.
022 B000007 13-5108880
022 C000007     59684
022 D000007     54524
022 A000008 ROBINSON HUMPHREY
022 B000008 58-1472560
022 C000008      5183
022 D000008     81820
022 A000009 PAINE WEBBER INC.
022 B000009 13-2638166
022 C000009     42578
022 D000009     38696
022 A000010 LEHMAN BROTHERS
022 C000010     33595
022 D000010     45720
023 C000000    2280096
<PAGE>      PAGE  3
023 D000000    1463278
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     11363
028 A020100         0
028 A030100         0
028 A040100     20544
028 B010100      9292
028 B020100         0
028 B030100         0
028 B040100     28883
028 C010100      7657
028 C020100         0
028 C030100         0
028 C040100     15552
028 D010100      9948
028 D020100      5425
028 D030100         0
028 D040100     16780
028 E010100      7249
028 E020100         0
028 E030100         0
028 E040100     21767
028 F010100      6536
028 F020100         0
028 F030100         0
028 F040100     18221
028 G010100     52045
028 G020100      5425
028 G030100         0
028 G040100    121747
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 N
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   1597778
071 B000100   1388715
071 C000100    993376
071 D000100  140
072 A000100  6
072 B000100     9246
072 C000100     8729
072 D000100        0
072 E000100        0
072 F000100     3937
072 G000100       42
072 H000100        0
072 I000100      950
072 J000100       92
072 K000100        0
072 L000100       55
072 M000100       55
072 N000100       22
072 O000100        0
072 P000100        0
072 Q000100        0
072 R000100       16
072 S000100       30
072 T000100        0
072 U000100        0
072 V000100        0
072 W000100        8
072 X000100     5207
072 Y000100        0
072 Z000100    12768
072AA000100    35008
072BB000100        0
072CC010100    17575
072CC020100        0
072DD010100     6061
072DD020100        0
072EE000100        0
073 A010100   0.1600
073 A020100   0.0000
073 B000100   0.0000
073 C000100   0.0000
074 A000100       97
074 B000100        0
074 C000100   238733
<PAGE>      PAGE  6
074 D000100    48835
074 E000100    16088
074 F000100   841454
074 G000100        0
074 H000100        0
074 I000100        0
074 J000100     3928
074 K000100        0
074 L000100     4248
074 M000100        0
074 N000100  1153383
074 O000100     1557
074 P000100      678
074 Q000100        0
074 R010100        0
074 R020100        0
074 R030100        0
074 R040100     1696
074 S000100        0
074 T000100  1149452
074 U010100    37126
074 U020100        0
074 V010100    30.96
074 V020100     0.00
074 W000100   0.0000
074 X000100    72952
074 Y000100        0
075 A000100        0
075 B000100  1164210
076  000100     0.00
024  000200 Y
025 A000201 LEHMAN BROTHERS HOLDINGS, INC.
025 C000201 D
025 D000201    1051
025 D000202       0
025 D000203       0
025 D000204       0
025 D000205       0
025 D000206       0
025 D000207       0
025 D000208       0
028 A010200       602
028 A020200         0
028 A030200         0
028 A040200       611
028 B010200       899
028 B020200       123
028 B030200         0
028 B040200       744
028 C010200       667
028 C020200       127
<PAGE>      PAGE  7
028 C030200         0
028 C040200       538
028 D010200       913
028 D020200       132
028 D030200         0
028 D040200       619
028 E010200      1476
028 E020200       141
028 E030200         0
028 E040200       704
028 F010200       629
028 F020200       147
028 F030200         0
028 F040200       398
028 G010200      5186
028 G020200       670
028 G030200         0
028 G040200      3614
028 H000200         0
055 A000200 N
055 B000200 N
056  000200 Y
057  000200 N
062 A000200 Y
062 B000200   8.3
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   0.5
062 J000200   0.0
062 K000200   0.0
062 L000200   0.0
062 M000200   0.0
062 N000200   0.0
062 O000200   0.0
062 P000200  49.1
062 Q000200   0.0
062 R000200  42.1
063 A000200   0
063 B000200 12.7
064 A000200 N
064 B000200 N
070 A010200 Y
070 A020200 N
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     33618
071 B000200     27469
071 C000200     30662
071 D000200   90
072 A000200  6
072 B000200      926
072 C000200      259
072 D000200        0
072 E000200        0
072 F000200       93
072 G000200        5
072 H000200        0
072 I000200       29
072 J000200       26
072 K000200        0
072 L000200       12
072 M000200       11
072 N000200       11
072 O000200        0
072 P000200        0
072 Q000200        0
<PAGE>      PAGE  9
072 R000200       15
072 S000200       17
072 T000200        0
072 U000200        8
072 V000200        0
072 W000200        0
072 X000200      227
072 Y000200       84
072 Z000200     1042
072AA000200     2676
072BB000200        0
072CC010200        0
072CC020200     1095
072DD010200      818
072DD020200        0
072EE000200        0
073 A010200   0.2900
073 A020200   0.0000
073 B000200   0.0000
073 C000200   0.0000
074 A000200        4
074 B000200        0
074 C000200     3150
074 D000200    17609
074 E000200    10467
074 F000200     3102
074 G000200        0
074 H000200        0
074 I000200       10
074 J000200     1064
074 K000200        0
074 L000200      501
074 M000200       11
074 N000200    35918
074 O000200        0
074 P000200        6
074 Q000200        0
074 R010200        0
074 R020200        0
074 R030200        0
074 R040200       73
074 S000200        0
074 T000200    35839
074 U010200     2974
074 U020200        0
074 V010200    12.05
074 V020200     0.00
074 W000200   0.0000
074 X000200     2391
074 Y000200        0
075 A000200        0
<PAGE>      PAGE  10
075 B000200    33849
076  000200     0.00
028 A010300       105
028 A020300         0
028 A030300         0
028 A040300       139
028 B010300       198
028 B020300        46
028 B030300         0
028 B040300       120
028 C010300       127
028 C020300        45
028 C030300         0
028 C040300       122
028 D010300       145
028 D020300        45
028 D030300         0
028 D040300       269
028 E010300       327
028 E020300        45
028 E030300         0
028 E040300       254
028 F010300       113
028 F020300        46
028 F030300         0
028 F040300       152
028 G010300      1015
028 G020300       227
028 G030300         0
028 G040300      1056
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   4.8
062 J000300   0.0
062 K000300   0.0
062 L000300   0.0
062 M000300   0.0
062 N000300   0.0
062 O000300  94.0
062 P000300   0.0
<PAGE>      PAGE  11
062 Q000300   0.0
062 R000300   1.2
063 A000300   0
063 B000300 13.0
064 A000300 N
064 B000300 N
070 A010300 Y
070 A020300 N
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      8789
071 B000300      8929
071 C000300     11315
071 D000300   78
072 A000300  6
072 B000300      352
072 C000300        0
072 D000300        0
072 E000300        0
<PAGE>      PAGE  12
072 F000300       35
072 G000300        2
072 H000300        0
072 I000300       14
072 J000300       28
072 K000300        0
072 L000300        9
072 M000300       10
072 N000300       10
072 O000300        0
072 P000300        0
072 Q000300        0
072 R000300       10
072 S000300       12
072 T000300        0
072 U000300        0
072 V000300        0
072 W000300        0
072 X000300      130
072 Y000300      130
072 Z000300      352
072AA000300        0
072BB000300      253
072CC010300        0
072CC020300      363
072DD010300      294
072DD020300        0
072EE000300        0
073 A010300   0.2400
073 A020300   0.0000
073 B000300   0.0000
073 C000300   0.0000
074 A000300        4
074 B000300        0
074 C000300      555
074 D000300    10786
074 E000300        0
074 F000300        0
074 G000300        0
074 H000300        0
074 I000300        0
074 J000300        0
074 K000300        0
074 L000300      206
074 M000300        0
074 N000300    11551
074 O000300        0
074 P000300        0
074 Q000300        0
074 R010300        0
074 R020300        0
<PAGE>      PAGE  13
074 R030300        0
074 R040300       68
074 S000300        0
074 T000300    11483
074 U010300     1232
074 U020300        0
074 V010300     9.32
074 V020300     0.00
074 W000300   0.0000
074 X000300      995
074 Y000300        0
075 A000300        0
075 B000300    11567
076  000300     0.00
028 A010400     12627
028 A020400         0
028 A030400         0
028 A040400      1568
028 B010400      5122
028 B020400         0
028 B030400         0
028 B040400      1900
028 C010400      4345
028 C020400         0
028 C030400         0
028 C040400      2629
028 D010400      3298
028 D020400       658
028 D030400         0
028 D040400      1704
028 E010400      5039
028 E020400         0
028 E030400         0
028 E040400      2401
028 F010400      2964
028 F020400         0
028 F030400         0
028 F040400       868
028 G010400     33395
028 G020400       658
028 G030400         0
028 G040400     11070
028 H000400         0
055 A000400 N
055 B000400 N
056  000400 Y
057  000400 N
062 A000400 N
062 B000400   0.0
062 C000400   0.0
062 D000400   0.0
<PAGE>      PAGE  14
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 N
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
070 R020400 N
071 A000400     40456
<PAGE>      PAGE  15
071 B000400     16307
071 C000400     64833
071 D000400   25
072 A000400  6
072 B000400       19
072 C000400     2193
072 D000400        0
072 E000400        0
072 F000400      278
072 G000400        9
072 H000400        0
072 I000400       55
072 J000400       33
072 K000400        0
072 L000400       22
072 M000400       12
072 N000400       14
072 O000400        0
072 P000400        0
072 Q000400        0
072 R000400       13
072 S000400       21
072 T000400        0
072 U000400        7
072 V000400        0
072 W000400        0
072 X000400      464
072 Y000400      137
072 Z000400     1885
072AA000400     2532
072BB000400        0
072CC010400      581
072CC020400        0
072DD010400      770
072DD020400        0
072EE000400        0
073 A010400   0.1300
073 A020400   0.0000
073 B000400   0.0000
073 C000400   0.0000
074 A000400        4
074 B000400        0
074 C000400      180
074 D000400        0
074 E000400        0
074 F000400    74357
074 G000400        0
074 H000400        0
074 I000400        0
074 J000400       51
074 K000400        0
<PAGE>      PAGE  16
074 L000400      606
074 M000400       40
074 N000400    75238
074 O000400      206
074 P000400       41
074 Q000400        0
074 R010400        0
074 R020400        0
074 R030400        0
074 R040400       85
074 S000400        0
074 T000400    74906
074 U010400     6419
074 U020400        0
074 V010400    11.67
074 V020400     0.00
074 W000400   0.0000
074 X000400     6039
074 Y000400        0
075 A000400        0
075 B000400    65724
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-31-1996
<PERIOD-END>                               JUN-30-1996
<INVESTMENTS-AT-COST>                        988062006
<INVESTMENTS-AT-VALUE>                      1145109733
<RECEIVABLES>                                  8175729
<ASSETS-OTHER>                                   97028
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                              1153382490
<PAYABLE-FOR-SECURITIES>                       1556860
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                      2373782
<TOTAL-LIABILITIES>                            3930642
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                     953356911
<SHARES-COMMON-STOCK>                         37126024
<SHARES-COMMON-PRIOR>                         39230204
<ACCUMULATED-NII-CURRENT>                      6707083
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                       32340127
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                     157047727
<NET-ASSETS>                                1149451848
<DIVIDEND-INCOME>                              8729113
<INTEREST-INCOME>                              9245744
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                 5207190
<NET-INVESTMENT-INCOME>                       12767667
<REALIZED-GAINS-CURRENT>                      35007920
<APPREC-INCREASE-CURRENT>                     17575439
<NET-CHANGE-FROM-OPS>                         65351026
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                    (6060584)
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                        1711548
<NUMBER-OF-SHARES-REDEEMED>                  (3993499)
<SHARES-REINVESTED>                             177771
<NET-CHANGE-IN-ASSETS>                       (4986911)
<ACCUMULATED-NII-PRIOR>                              0
<ACCUMULATED-GAINS-PRIOR>                    (2667793)
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                          3937052
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                5207190
<AVERAGE-NET-ASSETS>                        1164210367
<PER-SHARE-NAV-BEGIN>                            29.43
<PER-SHARE-NII>                                   0.34
<PER-SHARE-GAIN-APPREC>                           1.35
<PER-SHARE-DIVIDEND>                            (0.16)
<PER-SHARE-DISTRIBUTIONS>                            0
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              30.96
<EXPENSE-RATIO>                                   0.90
<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-31-1996
<PERIOD-END>                               JUN-30-1996
<INVESTMENTS-AT-COST>                         32386427
<INVESTMENTS-AT-VALUE>                        34338458
<RECEIVABLES>                                  1565132
<ASSETS-OTHER>                                   14505
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                                35918095
<PAYABLE-FOR-SECURITIES>                             0
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                        78839
<TOTAL-LIABILITIES>                              78839
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                      33145503
<SHARES-COMMON-STOCK>                          2973587
<SHARES-COMMON-PRIOR>                          2786879
<ACCUMULATED-NII-CURRENT>                       224294
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                         517428
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                       1952031
<NET-ASSETS>                                  35839256
<DIVIDEND-INCOME>                               258700
<INTEREST-INCOME>                               926342
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                  143074
<NET-INVESTMENT-INCOME>                        1041968
<REALIZED-GAINS-CURRENT>                       2675537
<APPREC-INCREASE-CURRENT>                    (1095476)
<NET-CHANGE-FROM-OPS>                          2622029
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                     (817674)
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                         435798
<NUMBER-OF-SHARES-REDEEMED>                   (305354)
<SHARES-REINVESTED>                              56264
<NET-CHANGE-IN-ASSETS>                         4046282
<ACCUMULATED-NII-PRIOR>                              0
<ACCUMULATED-GAINS-PRIOR>                    (2158109)
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                            92577
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                 226864
<AVERAGE-NET-ASSETS>                          33849380
<PER-SHARE-NAV-BEGIN>                            11.41
<PER-SHARE-NII>                                   0.36
<PER-SHARE-GAIN-APPREC>                           0.57
<PER-SHARE-DIVIDEND>                            (0.29)
<PER-SHARE-DISTRIBUTIONS>                            0
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              12.05
<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-31-1996
<PERIOD-END>                               JUN-30-1996
<INVESTMENTS-AT-COST>                         11202764
<INVESTMENTS-AT-VALUE>                        11341094
<RECEIVABLES>                                   205426
<ASSETS-OTHER>                                    4219
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                                11550739
<PAYABLE-FOR-SECURITIES>                             0
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                        68055
<TOTAL-LIABILITIES>                              68055
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                      12425206
<SHARES-COMMON-STOCK>                          1232444
<SHARES-COMMON-PRIOR>                          1213241
<ACCUMULATED-NII-CURRENT>                        58715
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                      (1139567)
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                        138330
<NET-ASSETS>                                  11482684
<DIVIDEND-INCOME>                                    0
<INTEREST-INCOME>                               351918
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                       0
<NET-INVESTMENT-INCOME>                         351918
<REALIZED-GAINS-CURRENT>                      (252581)
<APPREC-INCREASE-CURRENT>                     (363477)
<NET-CHANGE-FROM-OPS>                         (264140)
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                     (294274)
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                         107592
<NUMBER-OF-SHARES-REDEEMED>                   (112405)
<SHARES-REINVESTED>                              24016
<NET-CHANGE-IN-ASSETS>                        (372605)
<ACCUMULATED-NII-PRIOR>                           1071
<ACCUMULATED-GAINS-PRIOR>                     (886986)
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                            34510
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                 130112
<AVERAGE-NET-ASSETS>                          11566513
<PER-SHARE-NAV-BEGIN>                             9.77
<PER-SHARE-NII>                                   0.29
<PER-SHARE-GAIN-APPREC>                         (0.50)
<PER-SHARE-DIVIDEND>                            (0.24)
<PER-SHARE-DISTRIBUTIONS>                            0
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                               9.32
<EXPENSE-RATIO>                                      0
<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-31-1996
<PERIOD-END>                               JUN-30-1996
<INVESTMENTS-AT-COST>                         67490875
<INVESTMENTS-AT-VALUE>                        74537288
<RECEIVABLES>                                   657478
<ASSETS-OTHER>                                   43658
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                                75238424
<PAYABLE-FOR-SECURITIES>                        205715
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                       126418
<TOTAL-LIABILITIES>                             332133
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                      65731123
<SHARES-COMMON-STOCK>                          6419232
<SHARES-COMMON-PRIOR>                          4378566
<ACCUMULATED-NII-CURRENT>                      1115258
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                        1013497
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                       7046413
<NET-ASSETS>                                  74906291
<DIVIDEND-INCOME>                              2193416
<INTEREST-INCOME>                                18655
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                  326826
<NET-INVESTMENT-INCOME>                        1885245
<REALIZED-GAINS-CURRENT>                       2531953
<APPREC-INCREASE-CURRENT>                       581340
<NET-CHANGE-FROM-OPS>                          4998538
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                     (769987)
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                        2953296
<NUMBER-OF-SHARES-REDEEMED>                   (970845)
<SHARES-REINVESTED>                              58215
<NET-CHANGE-IN-ASSETS>                        27211899
<ACCUMULATED-NII-PRIOR>                              0
<ACCUMULATED-GAINS-PRIOR>                    (1518456)
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                           277802
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                 464200
<AVERAGE-NET-ASSETS>                          65724333
<PER-SHARE-NAV-BEGIN>                            10.89
<PER-SHARE-NII>                                   0.30
<PER-SHARE-GAIN-APPREC>                           0.61
<PER-SHARE-DIVIDEND>                            (0.13)
<PER-SHARE-DISTRIBUTIONS>                            0
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              11.67
<EXPENSE-RATIO>                                   1.00
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        

</TABLE>


© 2022 IncJournal is not affiliated with or endorsed by the U.S. Securities and Exchange Commission