<PAGE> PAGE 1
000 B000000 12/31/95
000 C000000 821466
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 CIM HIGH YIELD SECURITIES
001 B000000 811-5382
001 C000000 6172486201
002 A000000 ONE EXCHANGE PLACE
002 B000000 BOSTON
002 C000000 MA
002 D010000 02109
003 000000 N
004 000000 N
005 000000 N
006 000000 N
007 A000000 N
007 B000000 0
007 C010100 1
007 C010200 2
007 C010300 3
007 C010400 4
007 C010500 5
007 C010600 6
007 C010700 7
007 C010800 8
007 C010900 9
007 C011000 10
008 A000001 CHANCELLOR TRUST COMPANY
008 B000001 A
008 C000001 801-999
008 D010001 NEW YORK
008 D020001 NY
008 D030001 10022
010 A000001 FIRST DATA INVESTOR SERVICES GROUP, INC.
010 B000001 84-999
010 C010001 BOSTON
010 C020001 MA
010 C030001 02109
011 A000001 THE ROBINSON-HUMPHREY COMPANY, INC.
011 B000001 8-9999
011 C010001 ATLANTA
011 C020001 GA
011 C030001 30303
012 A000001 FIRST DATA INVESTOR SERVICES GROUP, INC.
012 B000001 84-999
012 C010001 PROVIDENCE
<PAGE> PAGE 2
012 C020001 RI
012 C030001 02903
013 A000001 KPMG PEAT MARWICK LLP
013 B010001 NEW YORK
013 B020001 NY
013 B030001 10048
015 A000001 BOSTON SAFE DEPOSIT & TRUST COMPANY
015 B000001 C
015 C010001 BOSTON
015 C020001 MA
015 C030001 02108
015 E010001 X
018 000000 Y
019 A000000 N
019 B000000 0
020 A000001 MERRILL LYNCH PIERCE FENNER & SMITH INC.
020 B000001 13-5674085
020 C000001 1
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 1
022 A000001 MORGAN STANLEY
022 B000001 13-2655998
022 C000001 20726
022 D000001 13755
022 A000002 HARRIS GOVERNMENT SECURITIES
022 C000002 9713
022 D000002 12078
022 A000003 DONALDSON, LUFKIN, JENRETTE
022 B000003 13-2741729
022 C000003 5565
022 D000003 4985
022 A000004 MERRILL LYNCH PIERCE FENNER & SMITH INC.
022 B000004 13-5674085
022 C000004 7259
022 D000004 3244
022 A000005 LEHMAN BROTHERS
022 C000005 3736
022 D000005 6305
022 A000006 NESBITT
022 C000006 6870
022 D000006 2818
022 A000007 BANK AMERICA
022 C000007 5590
<PAGE> PAGE 3
022 D000007 4040
022 A000008 CHASE MANHATTAN BANK, N.A.
022 B000008 13-2633612
022 C000008 3847
022 D000008 2500
022 A000009 PRUDENTIAL SECURITIES, INC.
022 B000009 22-2347336
022 C000009 744
022 D000009 3625
022 A000010 CHEMICAL BANK
022 B000010 13-4994650
022 C000010 2703
022 D000010 1522
023 C000000 66753
023 D000000 65883
025 D000001 0
025 D000002 0
025 D000003 0
025 D000004 0
025 D000005 0
025 D000006 0
025 D000007 0
025 D000008 0
027 000000 N
028 A010000 0
028 A020000 0
028 A030000 0
028 A040000 0
028 B010000 0
028 B020000 0
028 B030000 0
028 B040000 0
028 C010000 0
028 C020000 0
028 C030000 0
028 C040000 0
028 D010000 0
028 D020000 0
028 D030000 0
028 D040000 0
028 E010000 0
028 E020000 0
028 E030000 0
028 E040000 0
028 F010000 0
028 F020000 0
028 F030000 0
028 F040000 0
028 G010000 0
028 G020000 0
028 G030000 0
<PAGE> PAGE 4
028 G040000 0
028 H000000 0
030 A000000 0
030 B000000 0.00
030 C000000 0.00
031 A000000 0
031 B000000 0
032 000000 0
033 000000 0
035 000000 0
036 B000000 0
038 000000 0
042 A000000 0
042 B000000 0
042 C000000 0
042 D000000 0
042 E000000 0
042 F000000 0
042 G000000 0
042 H000000 0
043 000000 0
044 000000 0
045 000000 Y
046 000000 N
047 000000 Y
048 000000 0.500
048 A010000 0
048 A020000 0.000
048 B010000 0
048 B020000 0.000
048 C010000 0
048 C020000 0.000
048 D010000 0
048 D020000 0.000
048 E010000 0
048 E020000 0.000
048 F010000 0
048 F020000 0.000
048 G010000 0
048 G020000 0.000
048 H010000 0
048 H020000 0.000
048 I010000 0
048 I020000 0.000
048 J010000 0
048 J020000 0.000
048 K010000 0
048 K020000 0.000
049 000000 N
050 000000 N
051 000000 N
<PAGE> PAGE 5
052 000000 N
053 A000000 N
054 A000000 Y
054 B000000 Y
054 C000000 Y
054 D000000 N
054 E000000 N
054 F000000 N
054 G000000 N
054 H000000 Y
054 I000000 N
054 J000000 Y
054 K000000 N
054 L000000 Y
054 M000000 Y
054 N000000 N
054 O000000 N
055 A000000 N
055 B000000 Y
056 000000 Y
057 000000 N
058 A000000 N
059 000000 Y
060 A000000 Y
060 B000000 Y
061 000000 0
062 A000000 Y
062 B000000 9.9
062 C000000 0.0
062 D000000 0.0
062 E000000 0.0
062 F000000 0.0
062 G000000 0.0
062 H000000 0.0
062 I000000 0.0
062 J000000 0.0
062 K000000 0.0
062 L000000 0.0
062 M000000 0.0
062 N000000 0.0
062 O000000 0.0
062 P000000 117.2
062 Q000000 0.0
062 R000000 2.0
063 A000000 0
063 B000000 6.5
064 A000000 N
064 B000000 Y
065 000000 N
066 A000000 N
067 000000 N
<PAGE> PAGE 6
068 A000000 N
068 B000000 N
069 000000 N
070 A010000 Y
070 A020000 N
070 B010000 N
070 B020000 N
070 C010000 N
070 C020000 N
070 D010000 N
070 D020000 N
070 E010000 N
070 E020000 N
070 F010000 N
070 F020000 N
070 G010000 N
070 G020000 N
070 H010000 N
070 H020000 N
070 I010000 N
070 I020000 N
070 J010000 Y
070 J020000 Y
070 K010000 Y
070 K020000 N
070 L010000 N
070 L020000 N
070 M010000 N
070 M020000 N
070 N010000 Y
070 N020000 N
070 O010000 Y
070 O020000 Y
070 P010000 N
070 P020000 N
070 Q010000 N
070 Q020000 N
070 R010000 N
070 R020000 N
071 A000000 40269
071 B000000 42644
071 C000000 50317
071 D000000 80
072 A000000 12
072 B000000 5589
072 C000000 58
072 D000000 0
072 E000000 0
072 F000000 204
072 G000000 40
072 H000000 0
<PAGE> PAGE 7
072 I000000 32
072 J000000 16
072 K000000 0
072 L000000 0
072 M000000 36
072 N000000 0
072 O000000 0
072 P000000 969
072 Q000000 0
072 R000000 27
072 S000000 35
072 T000000 0
072 U000000 0
072 V000000 0
072 W000000 77
072 X000000 1436
072 Y000000 0
072 Z000000 4211
072AA000000 0
072BB000000 527
072CC010000 1706
072CC020000 0
072DD010000 4292
072DD020000 0
072EE000000 0
073 A010000 0.7850
073 A020000 0.0000
073 B000000 0.0000
073 C000000 0.0000
074 A000000 2
074 B000000 0
074 C000000 4024
074 D000000 47612
074 E000000 545
074 F000000 279
074 G000000 0
074 H000000 0
074 I000000 0
074 J000000 0
074 K000000 0
074 L000000 1324
074 M000000 16
074 N000000 53802
074 O000000 0
074 P000000 0
074 Q000000 0
074 R010000 0
074 R020000 0
074 R030000 0
074 R040000 13166
074 S000000 0
<PAGE> PAGE 8
074 T000000 40636
074 U010000 5555
074 U020000 0
074 V010000 7.32
074 V020000 0.00
074 W000000 0.0000
074 X000000 623
074 Y000000 0
075 A000000 40801
075 B000000 0
076 000000 7.88
077 A000000 Y
077 B000000 Y
077 C000000 Y
077 Q010000 Y
077 Q020000 Y
080 A000000 NATIONAL UNION FIRE
080 C000000 750
081 A000000 N
081 B000000 0
082 A000000 Y
082 B000000 50
083 A000000 N
083 B000000 0
084 A000000 N
084 B000000 0
085 A000000 Y
085 B000000 N
086 A010000 116
086 A020000 861
086 B010000 0
086 B020000 0
086 C010000 0
086 C020000 0
086 D010000 0
086 D020000 0
086 E010000 0
086 E020000 0
086 F010000 0
086 F020000 0
087 A010000 CIM HIGH YIELD SECURITIES
087 A020000 125527101
087 A030000 CIM.A
088 A000000 Y
088 B000000 N
088 C000000 N
088 D000000 N
SIGNATURE SCOTT BLAIR
TITLE ASSISTANT TREASURER
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER>
<NAME> CIM High Yield Securities
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> DEC-31-1995
<PERIOD-END> DEC-31-1995
<INVESTMENTS-AT-COST> 52,851,915
<INVESTMENTS-AT-VALUE> 52,460,221
<RECEIVABLES> 1,324,061
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 18,068
<TOTAL-ASSETS> 53,802,350
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 13,166,166
<TOTAL-LIABILITIES> 13,166,166
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 47,999,802
<SHARES-COMMON-STOCK> 5,555,032
<SHARES-COMMON-PRIOR> 5,438,569
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> (109,322)
<ACCUMULATED-NET-GAINS> (6,862,602)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> (391,694)
<NET-ASSETS> 40,636,184
<DIVIDEND-INCOME> 57,500
<INTEREST-INCOME> 5,588,980
<OTHER-INCOME> 0
<EXPENSES-NET> 1,435,688
<NET-INVESTMENT-INCOME> 4,210,792
<REALIZED-GAINS-CURRENT> (526,841)
<APPREC-INCREASE-CURRENT> 1,706,331
<NET-CHANGE-FROM-OPS> 5,390,282
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (4,292,260)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 0
<NUMBER-OF-SHARES-REDEEMED> 0
<SHARES-REINVESTED> 116,463
<NET-CHANGE-IN-ASSETS> 1,958,616
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> (6,335,761)
<OVERDISTRIB-NII-PRIOR> (27,854)
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 204,006
<INTEREST-EXPENSE> 968,620
<GROSS-EXPENSE> 1,435,688
<AVERAGE-NET-ASSETS> 40,801,231
<PER-SHARE-NAV-BEGIN> 7.11
<PER-SHARE-NII> 0.77
<PER-SHARE-GAIN-APPREC> 0.23
<PER-SHARE-DIVIDEND> (0.79)
<PER-SHARE-DISTRIBUTIONS> 0.00
<RETURNS-OF-CAPITAL> 0.00
<PER-SHARE-NAV-END> 7.32
<EXPENSE-RATIO> 1.14
<AVG-DEBT-OUTSTANDING> 12,500,000
<AVG-DEBT-PER-SHARE> 2.27
</TABLE>
