NORTH CAROLINA CAPITAL MANAGEMENT TRUST
NSAR-A, 1998-02-27
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<PAGE>      PAGE  1
000 A000000 12/31/97
000 C000000 0000702149
000 D000000 N
000 E000000 NF
000 F000000 Y
000 G000000 N
000 H000000 N
000 I000000 3.0.a
000 J000000 A
001 A000000 THE NORTH CAROLINA CAPITAL MANAGEMENT TRUST
001 B000000 811-3455
001 C000000 6037917486
002 A000000 82 DEVONSHIRE STREET
002 B000000 BOSTON
002 C000000 MA
002 D010000 02109
003  000000 N
004  000000 N
005  000000 N
006  000000 N
007 A000000 Y
007 B000000  2
007 C010100  1
007 C020100 CASH PORTFOLIO
007 C030100 N
007 C010200  2
007 C020200 TERM PORTFOLIO
007 C030200 N
007 C010300  3
007 C010400  4
007 C010500  5
007 C010600  6
007 C010700  7
007 C010800  8
007 C010900  9
007 C011000 10
011 A00AA01 FIDELITY DISTRIBUTORS CORPORATION
011 B00AA01 8-8775
011 C01AA01 BOSTON
011 C02AA01 MA
011 C03AA01 02109
011 A00AA02 STERLING CAPITAL DISTRIBUTORS, INC.
011 B00AA02 8-27798
011 C01AA02 CHARLOTTE
011 C02AA02 NC
011 C03AA02 28202
012 A00AA01 FIDELITY INVESTMENTS INST'L. OPERS. CO., INC.
012 B00AA01 84-00216
012 C01AA01 BOSTON
012 C02AA01 MA
012 C03AA01 02109
<PAGE>      PAGE  2
014 A00AA01 FIDELITY DISTRIBUTORS CORPORATION
014 B00AA01 8-8775
014 A00AA02 FIDELITY BROKERAGE SERVICES, INC.
014 B00AA02 8-23292
014 A00AA03 NATIONAL FINANCIAL SERVICES CORP.
014 B00AA03 8-26740
015 A00AA01 FIRST UNION NATIONAL BANK OF NORTH CAROLINA
015 B00AA01 C
015 C01AA01 CHARLOTTE
015 C02AA01 NC
015 C03AA01 28288
015 E01AA01 X
018  00AA00 Y
019 A00AA00 Y
019 B00AA00  227
019 C00AA00 FIDELITYZZ
020 C000001      0
020 C000002      0
020 C000003      0
020 C000004      0
020 C000005      0
020 C000006      0
020 C000007      0
020 C000008      0
020 C000009      0
020 C000010      0
021  000000        0
022 A000001 GOLDMAN, SACHS & CO.
022 B000001 13-5108880
022 C000001   1453658
022 D000001     72608
022 A000002 MORGAN (J.P.) SECURITIES, INC.
022 B000002 13-3224016
022 C000002   1083362
022 D000002         0
022 A000003 LEHMAN BROS., INC.
022 B000003 13-2518466
022 C000003    831577
022 D000003         0
022 A000004 GENERAL ELECTRIC CREDIT CORP.
022 B000004 00-0000000
022 C000004    582376
022 D000004         0
022 A000005 MERRILL LYNCH, PIERCE, FENNER & SMITH
022 B000005 13-5674085
022 C000005    552838
022 D000005         0
022 A000006 ASSOCIATES CORP. OF NORTH AMERICA
022 B000006 00-0000000
022 C000006    484879
022 D000006         0
<PAGE>      PAGE  3
022 A000007 MORGAN STANLEY & CO., INC.
022 B000007 13-2655998
022 C000007    386885
022 D000007     19729
022 A000008 CITIBANK N.A.
022 B000008 00-0000000
022 C000008    231629
022 D000008         0
022 A000009 BENEFICIAL FINANCE
022 B000009 00-0000000
022 C000009    218562
022 D000009         0
022 A000010 BEAR STEARNS & CO.
022 B000010 13-3299429
022 C000010    189037
022 D000010         0
023 C000000   16153998
023 D000000     326340
026 A000000 Y
026 B000000 Y
026 C000000 N
026 D000000 Y
026 E000000 N
026 F000000 Y
026 G010000 N
026 G020000 N
026 H000000 Y
027  000000 Y
029  00AA00 N
030 A00AA00      0
030 B00AA00  0.00
030 C00AA00  0.00
031 A00AA00      0
031 B00AA00      0
032  00AA00      0
033  00AA00      0
034  00AA00 N
035  00AA00      0
036 B00AA00      0
045  00AA00 Y
046  00AA00 N
047  00AA00 Y
048  00AA00  0.000
048 A01AA00   400000
048 A02AA00 0.365
048 B01AA00   800000
048 B02AA00 0.360
048 C01AA00  1200000
048 C02AA00 0.355
048 D01AA00  1600000
048 D02AA00 0.350
<PAGE>      PAGE  4
048 E01AA00  2000000
048 E02AA00 0.340
048 F01AA00        0
048 F02AA00 0.000
048 G01AA00        0
048 G02AA00 0.000
048 H01AA00        0
048 H02AA00 0.000
048 I01AA00        0
048 I02AA00 0.000
048 J01AA00        0
048 J02AA00 0.000
048 K01AA00  2000000
048 K02AA00 0.330
054 A00AA00 Y
054 B00AA00 Y
054 C00AA00 Y
054 D00AA00 Y
054 E00AA00 Y
054 F00AA00 Y
054 G00AA00 Y
054 H00AA00 Y
054 I00AA00 N
054 J00AA00 Y
054 K00AA00 Y
054 L00AA00 Y
054 M00AA00 Y
054 N00AA00 Y
054 O00AA00 Y
055 A00AA00 N
055 B00AA00 N
056  00AA00 Y
057  00AA00 N
058 A00AA00 N
059  00AA00 Y
060 A00AA00 Y
060 B00AA00 Y
061  00AA00        0
066 A00AA00 N
067  00AA00 N
068 A00AA00 N
068 B00AA00 N
069  00AA00 N
070 A01AA00 Y
070 A02AA00 Y
070 B01AA00 N
070 B02AA00 N
070 C01AA00 N
070 C02AA00 N
070 D01AA00 N
070 D02AA00 N
<PAGE>      PAGE  5
070 E01AA00 N
070 E02AA00 N
070 F01AA00 N
070 F02AA00 N
070 G01AA00 N
070 G02AA00 N
070 H01AA00 N
070 H02AA00 N
070 I01AA00 N
070 I02AA00 N
070 J01AA00 Y
070 J02AA00 N
070 K01AA00 N
070 K02AA00 N
070 L01AA00 N
070 L02AA00 N
070 M01AA00 N
070 M02AA00 N
070 N01AA00 N
070 N02AA00 N
070 O01AA00 Y
070 O02AA00 N
070 P01AA00 Y
070 P02AA00 N
070 Q01AA00 N
070 Q02AA00 N
070 R01AA00 N
070 R02AA00 N
077 A000000 N
078  000000 N
008 A000101 FIDELITY MANAGEMENT & RESEARCH COMPANY
008 B000101 A
008 C000101 801-7884
008 D010101 BOSTON
008 D020101 MA
008 D030101 02109
008 A000102 FIDELITY INVESTMENTS MONEY MANAGEMENT INC.
008 B000102 S
008 C000102 801-000000
008 D010102 MERRIMACK
008 D020102 NH
008 D030102 03054
013 A000101 COOPERS & LYBRAND, L.L.P.
013 B010101 BOSTON
013 B020101 MA
013 B030101 02109
024  000100 Y
025 A000101 GOLDMAN, SACHS & CO.
025 B000101 13-5108880
025 C000101 D
025 D000101   19919
<PAGE>      PAGE  6
025 A000102 MORGAN (J.P.) SECURITIES, INC.
025 B000102 13-3224016
025 C000102 D
025 D000102   92689
025 A000103 GENERAL ELECTRIC CO.
025 B000103 00-0000000
025 C000103 D
025 D000103   24676
025 A000104 MERRILL LYNCH, PIERCE, FENNER & SMITH
025 B000104 13-5674085
025 C000104 D
025 D000104   57061
025 A000105 ASSOCIATES CORP. OF NORTH AMERICA
025 B000105 00-0000000
025 C000105 D
025 D000105  115384
025 A000106 MORGAN STANLEY & CO., INC.NER & SMITH
025 B000106 13-2655998
025 C000106 D
025 D000106  114220
025 A000107 CITIBANK N.A.
025 B000107 00-0000000
025 C000107 D
025 D000107   77766
025 A000108 BENEFICIAL CORP.
025 B000108 00-0000000
025 C000108 D
025 D000108  104275
025 A000109 BEAR STEARNS & CO.
025 B000109 13-3584479
025 C000109 D
025 D000109  108159
025 D000110       0
025 D000111       0
025 D000112       0
025 D000113       0
025 D000114       0
025 D000115       0
025 D000116       0
028 A010100    376082
028 A020100      7866
028 A030100         0
028 A040100    415164
028 B010100    855852
028 B020100      8164
028 B030100         0
028 B040100    567584
028 C010100    508209
028 C020100      8151
028 C030100         0
028 C040100    513082
<PAGE>      PAGE  7
028 D010100    556169
028 D020100      8681
028 D030100         0
028 D040100    615607
028 E010100    747592
028 E020100      8667
028 E030100         0
028 E040100    526129
028 F010100    559560
028 F020100      9055
028 F030100         0
028 F040100    654967
028 G010100   3603464
028 G020100     50584
028 G030100         0
028 G040100   3292533
028 H000100         0
037  000100 N
038  000100      0
039  000100 N
040  000100 Y
041  000100 N
042 A000100   0
042 B000100   0
042 C000100   0
042 D000100   0
042 E000100   0
042 F000100   0
042 G000100   0
042 H000100   0
043  000100      0
044  000100   1746
049  000100 N
050  000100 N
051  000100 N
052  000100 N
053 A000100 Y
053 B000100 Y
053 C000100 N
062 A000100 Y
062 B000100   0.0
062 C000100   2.7
062 D000100   3.9
062 E000100   0.0
062 F000100   0.0
062 G000100   0.0
062 H000100   0.0
062 I000100  93.4
062 J000100   0.0
062 K000100   0.0
062 L000100   0.0
<PAGE>      PAGE  8
062 M000100   0.0
062 N000100   0.0
062 O000100   0.0
062 P000100   0.0
062 Q000100   0.0
062 R000100   0.0
063 A000100  49
063 B000100  0.0
064 A000100 Y
064 B000100 N
071 A000100         0
071 B000100         0
071 C000100         0
071 D000100    0
072 A000100  6
072 B000100    62883
072 C000100        0
072 D000100        0
072 E000100        0
072 F000100     3859
072 G000100        0
072 H000100        0
072 I000100        0
072 J000100        0
072 K000100        0
072 L000100        0
072 M000100       33
072 N000100        0
072 O000100        0
072 P000100        0
072 Q000100        0
072 R000100        0
072 S000100        0
072 T000100        0
072 U000100        0
072 V000100        0
072 W000100        0
072 X000100     3892
072 Y000100        6
072 Z000100    58997
072AA000100        0
072BB000100        0
072CC010100        0
072CC020100        0
072DD010100    58997
072DD020100        0
072EE000100        0
073 A010100   0.0269
073 A020100   0.0000
073 B000100   0.0000
073 C000100   0.0000
<PAGE>      PAGE  9
074 A000100       19
074 B000100    92374
074 C000100  2255060
074 D000100        0
074 E000100        0
074 F000100        0
074 G000100        0
074 H000100        0
074 I000100        0
074 J000100        0
074 K000100        0
074 L000100      771
074 M000100        0
074 N000100  2348224
074 O000100        0
074 P000100      697
074 Q000100        0
074 R010100        0
074 R020100        0
074 R030100        0
074 R040100     2088
074 S000100        0
074 T000100  2345439
074 U010100  2345472
074 U020100        0
074 V010100     1.00
074 V020100     0.00
074 W000100   1.0000
074 X000100     1300
074 Y000100        0
075 A000100  2189344
075 B000100        0
076  000100     0.00
008 A000201 FIDELITY MANAGEMENT & RESEARCH COMPANY
008 B000201 A
008 C000201 801-7884
008 D010201 BOSTON
008 D020201 MA
008 D030201 02109
013 A000201 COOPERS & LYBRAND, L.L.P.
013 B010201 BOSTON
013 B020201 MA
013 B030201 02109
024  000200 N
025 A000201 DELETE
025 D000201       0
025 A000202 DELETE
025 D000202       0
025 A000203 DELETE
025 D000203       0
025 D000204       0
<PAGE>      PAGE  10
025 D000205       0
025 D000206       0
025 D000207       0
025 D000208       0
028 A010200         0
028 A020200       320
028 A030200         0
028 A040200      1400
028 B010200        12
028 B020200       322
028 B030200         0
028 B040200       605
028 C010200      1400
028 C020200       290
028 C030200         0
028 C040200         5
028 D010200      1750
028 D020200       275
028 D030200         0
028 D040200         0
028 E010200       250
028 E020200       230
028 E030200         0
028 E040200         0
028 F010200         6
028 F020200       213
028 F030200         0
028 F040200       713
028 G010200      3418
028 G020200      1650
028 G030200         0
028 G040200      2724
028 H000200         0
037  000200 N
038  000200      0
039  000200 N
040  000200 Y
041  000200 N
042 A000200   0
042 B000200   0
042 C000200   0
042 D000200   0
042 E000200   0
042 F000200   0
042 G000200   0
042 H000200   0
043  000200      0
044  000200     55
049  000200 N
050  000200 N
051  000200 N
<PAGE>      PAGE  11
052  000200 N
053 A000200 Y
053 B000200 Y
062 A000200 Y
062 B000200  99.9
062 C000200   0.0
062 D000200   0.1
062 E000200   0.0
062 F000200   0.0
062 G000200   0.0
062 H000200   0.0
062 I000200   0.0
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   0.0
062 Q000200   0.0
062 R000200   0.0
063 A000200   0
063 B000200  0.9
064 A000200 N
064 B000200 N
071 A000200    119565
071 B000200    116743
071 C000200     64796
071 D000200  180
072 A000200  6
072 B000200     2572
072 C000200        0
072 D000200        0
072 E000200        0
072 F000200      124
072 G000200        0
072 H000200        0
072 I000200        0
072 J000200        0
072 K000200        0
072 L000200        0
072 M000200        1
072 N000200        0
072 O000200        0
072 P000200        0
072 Q000200        0
072 R000200        0
072 S000200        0
072 T000200        0
072 U000200        0
072 V000200        0
<PAGE>      PAGE  12
072 W000200        0
072 X000200      125
072 Y000200        0
072 Z000200     2447
072AA000200        0
072BB000200      791
072CC010200      364
072CC020200        0
072DD010200     2455
072DD020200        0
072EE000200        0
073 A010200   0.3440
073 A020200   0.0000
073 B000200   0.0000
073 C000200   0.0000
074 A000200        1
074 B000200       76
074 C000200    70223
074 D000200        0
074 E000200        0
074 F000200        0
074 G000200        0
074 H000200        0
074 I000200        0
074 J000200        0
074 K000200        0
074 L000200      491
074 M000200        0
074 N000200    70791
074 O000200        0
074 P000200       21
074 Q000200        0
074 R010200        0
074 R020200        0
074 R030200        0
074 R040200      135
074 S000200        0
074 T000200    70635
074 U010200     7370
074 U020200        0
074 V010200     9.58
074 V020200     0.00
074 W000200   0.0000
074 X000200       66
074 Y000200        0
075 A000200        0
075 B000200    64796
076  000200     0.00
SIGNATURE   JOHN H. COSTELLO                             
TITLE       ASST. TREASURER     
 


<TABLE> <S> <C>

<ARTICLE> 6
 

<CIK>     0000702149


<NAME>      The North Carolina Cash Management Trust


<SERIES>

        <NUMBER>        11


        <NAME>      Cash Portfolio


<MULTIPLIER>    1,000


       

<S>

<C>

<PERIOD-TYPE>

6-mos


<FISCAL-YEAR-END>

jun-30-1998


<PERIOD-END>

dec-31-1997


<INVESTMENTS-AT-COST>

2,347,434


<INVESTMENTS-AT-VALUE>

2,347,434


<RECEIVABLES>

771


<ASSETS-OTHER>

19


<OTHER-ITEMS-ASSETS>

0


<TOTAL-ASSETS>

2,348,224


<PAYABLE-FOR-SECURITIES>

0


<SENIOR-LONG-TERM-DEBT>

0


<OTHER-ITEMS-LIABILITIES>

2,785


<TOTAL-LIABILITIES>

2,785


<SENIOR-EQUITY>

0


<PAID-IN-CAPITAL-COMMON>

2,345,497


<SHARES-COMMON-STOCK>

2,345,472


<SHARES-COMMON-PRIOR>

1,983,957


<ACCUMULATED-NII-CURRENT>

0


<OVERDISTRIBUTION-NII>

0


<ACCUMULATED-NET-GAINS>

(58)


<OVERDISTRIBUTION-GAINS>

0


<ACCUM-APPREC-OR-DEPREC>

0


<NET-ASSETS>

2,345,439


<DIVIDEND-INCOME>

0


<INTEREST-INCOME>

62,883


<OTHER-INCOME>

0


<EXPENSES-NET>

3,886


<NET-INVESTMENT-INCOME>

58,997


<REALIZED-GAINS-CURRENT>

0


<APPREC-INCREASE-CURRENT>

0


<NET-CHANGE-FROM-OPS>

58,997


<EQUALIZATION>

0


<DISTRIBUTIONS-OF-INCOME>

58,997


<DISTRIBUTIONS-OF-GAINS>

0


<DISTRIBUTIONS-OTHER>

0


<NUMBER-OF-SHARES-SOLD>

3,603,464


<NUMBER-OF-SHARES-REDEEMED>

3,292,533


<SHARES-REINVESTED>

50,584


<NET-CHANGE-IN-ASSETS>

361,514


<ACCUMULATED-NII-PRIOR>

0


<ACCUMULATED-GAINS-PRIOR>

(58)


<OVERDISTRIB-NII-PRIOR>

0


<OVERDIST-NET-GAINS-PRIOR>

0


<GROSS-ADVISORY-FEES>

3,859


<INTEREST-EXPENSE>

0


<GROSS-EXPENSE>

3,892


<AVERAGE-NET-ASSETS>

2,189,344


<PER-SHARE-NAV-BEGIN>

1.000


<PER-SHARE-NII>

 .027


<PER-SHARE-GAIN-APPREC>

0


<PER-SHARE-DIVIDEND>

 .027


<PER-SHARE-DISTRIBUTIONS>

0


<RETURNS-OF-CAPITAL>

0


<PER-SHARE-NAV-END>

1.000


<EXPENSE-RATIO>

35


<AVG-DEBT-OUTSTANDING>

0


<AVG-DEBT-PER-SHARE>

0



        



</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
 

<CIK>     0000702149


<NAME>      The North Carolina Cash Management Trust


<SERIES>

        <NUMBER>        21


        <NAME>      Term Portfolio


<MULTIPLIER>    1,000


       

<S>

<C>

<PERIOD-TYPE>

6-mos


<FISCAL-YEAR-END>

jun-30-1998


<PERIOD-END>

dec-31-1997


<INVESTMENTS-AT-COST>

70,222


<INVESTMENTS-AT-VALUE>

70,299


<RECEIVABLES>

491


<ASSETS-OTHER>

1


<OTHER-ITEMS-ASSETS>

0


<TOTAL-ASSETS>

70,791


<PAYABLE-FOR-SECURITIES>

0


<SENIOR-LONG-TERM-DEBT>

0


<OTHER-ITEMS-LIABILITIES>

156


<TOTAL-LIABILITIES>

156


<SENIOR-EQUITY>

0


<PAID-IN-CAPITAL-COMMON>

73,042


<SHARES-COMMON-STOCK>

7,370


<SHARES-COMMON-PRIOR>

7,125


<ACCUMULATED-NII-CURRENT>

4


<OVERDISTRIBUTION-NII>

0


<ACCUMULATED-NET-GAINS>

(2,488)


<OVERDISTRIBUTION-GAINS>

0


<ACCUM-APPREC-OR-DEPREC>

77


<NET-ASSETS>

70,635


<DIVIDEND-INCOME>

0


<INTEREST-INCOME>

2,572


<OTHER-INCOME>

0


<EXPENSES-NET>

125


<NET-INVESTMENT-INCOME>

2,447


<REALIZED-GAINS-CURRENT>

(791)


<APPREC-INCREASE-CURRENT>

364


<NET-CHANGE-FROM-OPS>

2,020


<EQUALIZATION>

0


<DISTRIBUTIONS-OF-INCOME>

2,455


<DISTRIBUTIONS-OF-GAINS>

0


<DISTRIBUTIONS-OTHER>

0


<NUMBER-OF-SHARES-SOLD>

356


<NUMBER-OF-SHARES-REDEEMED>

283


<SHARES-REINVESTED>

172


<NET-CHANGE-IN-ASSETS>

1,908


<ACCUMULATED-NII-PRIOR>

13


<ACCUMULATED-GAINS-PRIOR>

(1,697)


<OVERDISTRIB-NII-PRIOR>

0


<OVERDIST-NET-GAINS-PRIOR>

0


<GROSS-ADVISORY-FEES>

125


<INTEREST-EXPENSE>

0


<GROSS-EXPENSE>

125


<AVERAGE-NET-ASSETS>

68,836


<PER-SHARE-NAV-BEGIN>

9.650


<PER-SHARE-NII>

 .345


<PER-SHARE-GAIN-APPREC>

(.071)


<PER-SHARE-DIVIDEND>

(.344)


<PER-SHARE-DISTRIBUTIONS>

0


<RETURNS-OF-CAPITAL>

0


<PER-SHARE-NAV-END>

9.580


<EXPENSE-RATIO>

36


<AVG-DEBT-OUTSTANDING>

0


<AVG-DEBT-PER-SHARE>

0



        



</TABLE>


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