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[In black and white, stills of fencers super and dissolve while voice reads:]
Now the number one ranked real estate fund over two years is CGM Realty Fund.
[Title slide reading:]CGM REALTY FUND [Supers and dissolves. Voice reads:]
Managed by Ken Heebner, the Fund offers the potential for high current income
and long-term appreciation.
[Title slide reading:] #1 IN TOTAL RETURN FOR TWO YEARS
40.4%, 33.7%, and 22.7% are the average annual total returns for the one and two
year periods ended 3/31/97 and from inception (May 13, 1994) through
3/31/97.[Supers and dissolves while voice reads:]
Returning more than 78% over the past two years.
[A bar chart (in color) comes up on the screen showing the headline:] TOTAL
RETURN
[Over each of two sets of comparative bars are the headlines from left:] ONE
YEAR [and] TWO YEAR {The bars with identifying type are from left to right as
follows:]
29.9% Lipper Real Estate Fund Average [one year]
40.4% CGM Realty Fund [one year]
54.1% Lipper Real Estate Fund Average [two year]
78.6% CGM Realty Fund [two year]
[Voiceover continues:] and has outperformed the Lipper Real Estate Average for
one- and two-year performance.
[Title slide dissolves and new title slide supers and is held that reads:]
1-800-CGM-INFO [in large type and the following disclosure:]
Lipper Analytical Services, Inc., an independent mutual fund rating agency,
ranks CGM Realty Fund #1 of 31 real estate funds in total return for two-year
performance and #5 of 51 real estate funds in total return for one-year
performance for the periods. The Fund's adviser is currently absorbing a portion
of management fees and expenses. Otherwise the total return would be lower. This
information represents past performance which is no guarantee of future results.
The investment value of shares will fluctuate and you may have a gain or loss
when you sell shares. For a prospectus containing more complete information,
including management fee, charges, and expenses, call toll free. (C) 1997 CGM
[The previous slide dissolves and the final slide super reading:
CGM REALTY FUND
AMERICA'S #1 REAL ESTATE FUND
FOR TWO-YEAR PERFORMANCE
[Voice reads:] CGM Realty Fund. America's #1 Real Estate Fund for two year
performance. [Commercial ends.]
