<PAGE> PAGE 1
000 A000000 04/30/96
000 C000000 854126
000 D000000 N
000 E000000 NF
000 F000000 Y
000 G000000 N
000 H000000 N
000 I000000 3.0.a
000 J000000 U
001 A000000 CMC FUND TRUST
001 B000000 811-5857
001 C000000 5032223600
002 A000000 1301 S.W. FIFTH AVENUE
002 B000000 PORTLAND
002 C000000 OR
002 D010000 97201
003 000000 N
004 000000 N
005 000000 N
006 000000 N
007 A000000 Y
007 B000000 3
020 A000001 INSTINET CORP.
020 B000001 133443395
020 C000001 103
020 A000002 WEEDEN & CO. L.P.
020 B000002 133364318
020 C000002 70
020 A000003 FIRST BOSTON CORP. (THE)
020 B000003 135659485
020 C000003 66
020 A000004 LEHMAN BROTHERS
020 B000004 132518466
020 C000004 53
020 A000005 MORGAN STANLEY & CO., INC.
020 B000005 132655998
020 C000005 44
020 A000006 MERRILL, LYNCH & CO.
020 B000006 135674085
020 C000006 41
020 A000007 CAPEL, JAMES
020 B000007 000918010
020 C000007 39
020 A000008 COUNTY NATWEST
020 B000008 133312778
020 C000008 37
020 A000009 BARCLAYS, DEZOETE, WEDD, INC.
020 B000009 133297824
020 C000009 22
020 A000010 BROWN, ALEX & SONS, INC.
020 B000010 521319768
<PAGE> PAGE 2
020 C000010 21
021 000000 774
022 A000001 GOLDMAN SACHS & CO.,
022 B000001 135108880
022 C000001 36079
022 D000001 20197
022 A000002 MERRILL LYNCH & CO.
022 B000002 135674085
022 C000002 29244
022 D000002 23240
022 A000003 BROWN, (ALEX) & CO.
022 B000003 521319768
022 C000003 12268
022 D000003 17686
022 A000004 MORGAN STANLEY
022 B000004 132655998
022 C000004 9979
022 D000004 19092
022 A000005 SMITH, BARNEY, SHEARSON
022 B000005 131912900
022 C000005 11852
022 D000005 14354
022 A000006 LEHMAN BROTHERS
022 B000006 132518466
022 C000006 10204
022 D000006 14145
022 A000007 HERZOG, HEINE
022 B000007 131955436
022 C000007 6304
022 D000007 12462
022 A000008 SALOMON BROTHERS
022 B000008 133082694
022 C000008 12011
022 D000008 5476
022 A000009 PIPER, JAFFRAY & HOPWOOD
022 B000009 410953246
022 C000009 5363
022 D000009 5802
022 A000010 MORGAN (J.P.)
022 B000010 133224016
022 C000010 7932
022 D000010 3117
023 C000000 259650
023 D000000 228390
077 A000000 N
015 A000101 UNITED STATES NATIONAL BANK OF OREGON
015 B000101 C
015 C010101 PORTLAND
015 C020101 OR
015 C030101 97208
015 E010101 X
<PAGE> PAGE 3
015 A000102 MORGAN STANLEY TRUST CO.
015 B000102 C
015 C010102 BROOKLYN
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015 C030102 11201
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055 A000100 N
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070 I020100 N
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070 O010100 N
070 O020100 N
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070 Q010100 N
070 Q020100 N
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070 R020100 N
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<PAGE> PAGE 5
072 E000100 0
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<PAGE> PAGE 6
074 R020100 0
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<PAGE> PAGE 7
055 B000200 N
056 000200 Y
057 000200 N
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<PAGE> PAGE 8
072AA000200 4284
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024 000300 N
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<PAGE> PAGE 9
028 B030300 0
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<PAGE> PAGE 10
063 B000300 6.5
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<PAGE> PAGE 11
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SIGNATURE GEORGE HANSETH
TITLE VICE PRESIDENT
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE
UNAUDITED SEMI-ANNUAL REPORT OF CMC SMALL CAP FUND (A PORTFOLIO OF
CMC FUND TRUST) DATED APRIL 30, 1996, AND THE AUDITED ANNUAL REPORT OF CMC
SMALL CAP FUND (A PORTFOLIO OF CMC FUND TRUST) DATED OCTOBER 31, 1995,
AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
<CIK> 0000854126
<NAME> CMC FUND TRUST
<SERIES>
<NUMBER> 01
<NAME> CMC SMALL CAP FUND
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> OCT-31-1996
<PERIOD-START> NOV-01-1995
<PERIOD-END> APR-30-1996
<INVESTMENTS-AT-COST> 444,030,353
<INVESTMENTS-AT-VALUE> 578,327,626
<RECEIVABLES> 14,691,021
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 22,044,821
<TOTAL-ASSETS> 615,063,468
<PAYABLE-FOR-SECURITIES> 11,916,011
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 1,037,506
<TOTAL-LIABILITIES> 12,953,517
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 381,522,168
<SHARES-COMMON-STOCK> 8,410,708
<SHARES-COMMON-PRIOR> 9,593,018
<ACCUMULATED-NII-CURRENT> (764,754)
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 87,055,264
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 134,297,273
<NET-ASSETS> 602,109,951
<DIVIDEND-INCOME> 528,498
<INTEREST-INCOME> 780,612
<OTHER-INCOME> 0
<EXPENSES-NET> (2,054,980)
<NET-INVESTMENT-INCOME> (745,870)
<REALIZED-GAINS-CURRENT> 87,315,180
<APPREC-INCREASE-CURRENT> 49,958,786
<NET-CHANGE-FROM-OPS> 136,528,096
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> 0
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<NUMBER-OF-SHARES-SOLD> 866,005
<NUMBER-OF-SHARES-REDEEMED> (2,048,315)
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> 64,942,592
<ACCUMULATED-NII-PRIOR> (18,884)
<ACCUMULATED-GAINS-PRIOR> (259,916)
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 2,000,073
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 2,054,980
<AVERAGE-NET-ASSETS> 536,770,976
<PER-SHARE-NAV-BEGIN> 56.00
<PER-SHARE-NII> (.09)
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<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE
UNAUDITED SEMI-ANNUAL REPORT OF CMC INTERNATIONAL STOCK FUND (A PORTFOLIO OF
CMC FUND TRUST) DATED APRIL 30, 1996, AND THE AUDITED ANNUAL REPORT OF CMC
INTERNATIONAL STOCK FUND (A PORTFOLIO OF CMC FUND TRUST) DATED OCTOBER 31,
1995, AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
<CIK> 0000854126
<NAME> CMC FUND TRUST
<SERIES>
<NUMBER> 02
<NAME> CMC INTERNATIONAL STOCK FUND
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> OCT-31-1996
<PERIOD-START> NOV-01-1995
<PERIOD-END> APR-30-1996
<INVESTMENTS-AT-COST> 52,528,870
<INVESTMENTS-AT-VALUE> 62,104,572
<RECEIVABLES> 14,644,339
<ASSETS-OTHER> 0
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<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 58,924,226
<SHARES-COMMON-STOCK> 1,518,715
<SHARES-COMMON-PRIOR> 1,855,088
<ACCUMULATED-NII-CURRENT> 215,468
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (4,504,752)
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<OTHER-INCOME> 0
<EXPENSES-NET> (325,773)
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<REALIZED-GAINS-CURRENT> 2,209,202
<APPREC-INCREASE-CURRENT> 6,240,644
<NET-CHANGE-FROM-OPS> 8,674,784
<EQUALIZATION> 0
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<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 244,330
<NUMBER-OF-SHARES-REDEEMED> (580,703)
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> (4,382,022)
<ACCUMULATED-NII-PRIOR> (9,470)
<ACCUMULATED-GAINS-PRIOR> (6,713,954)
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 245,492
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 325,773
<AVERAGE-NET-ASSETS> 66,976,118
<PER-SHARE-NAV-BEGIN> 37.06
<PER-SHARE-NII> .15
<PER-SHARE-GAIN-APPREC> 5.18
<PER-SHARE-DIVIDEND> 0
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 42.39
<EXPENSE-RATIO> .97
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE
UNAUDITED SEMI-ANNUAL REPORT OF CMC HIGH YIELD FUND (A PORTFOLIO OF
CMC FUND TRUST) DATED APRIL 30, 1996, AND THE AUDITED ANNUAL REPORT OF CMC
HIGH YIELD FUND (A PORTFOLIO OF CMC FUND TRUST) DATED OCTOBER 31, 1995, AND
IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
<CIK> 0000854126
<NAME> CMC FUND TRUST
<SERIES>
<NUMBER> 03
<NAME> CMC HIGH YIELD FUND
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> OCT-31-1996
<PERIOD-START> NOV-01-1995
<PERIOD-END> APR-30-1996
<INVESTMENTS-AT-COST> 46,719,883
<INVESTMENTS-AT-VALUE> 47,145,360
<RECEIVABLES> 1,122,268
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 1,631,092
<TOTAL-ASSETS> 49,898,720
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 46,911
<TOTAL-LIABILITIES> 46,911
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 48,979,705
<SHARES-COMMON-STOCK> 1,390,718
<SHARES-COMMON-PRIOR> 1,164,269
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 446,627
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 425,477
<NET-ASSETS> 49,851,809
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 2,101,184
<OTHER-INCOME> 0
<EXPENSES-NET> (113,797)
<NET-INVESTMENT-INCOME> 1,987,187
<REALIZED-GAINS-CURRENT> 454,094
<APPREC-INCREASE-CURRENT> (982,893)
<NET-CHANGE-FROM-OPS> 1,458,388
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (1,987,187)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 446,830
<NUMBER-OF-SHARES-REDEEMED> (271,478)
<SHARES-REINVESTED> 51,097
<NET-CHANGE-IN-ASSETS> 7,660,296
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> (7,467)
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 89,254
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 113,997
<AVERAGE-NET-ASSETS> 44,930,781
<PER-SHARE-NAV-BEGIN> 36.24
<PER-SHARE-NII> 1.62
<PER-SHARE-GAIN-APPREC> (.39)
<PER-SHARE-DIVIDEND> (1.62)
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 35.85
<EXPENSE-RATIO> .51
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
