<PAGE> PAGE 1
000 B000000 10/31/96
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
007 C010100 1
007 C020100 CMC SMALL CAP FUND
007 C030100 N
007 C010200 2
007 C020200 CMC INTERNATIONAL STOCK FUND
007 C030200 N
007 C010300 3
007 C020300 CMC HIGH YIELD FUND
007 C030300 N
007 C010400 4
007 C010500 5
007 C010600 6
007 C010700 7
007 C010800 8
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020 A000001 INSTINET CORP.
020 B000001 133443395
020 C000001 203
020 A000002 FIRST BOSTON CORP. (THE)
020 B000002 135659485
020 C000002 139
020 A000003 MORGAN STANLEY & CO., INC.
020 B000003 132655998
020 C000003 125
020 A000004 WEEDEN & CO. L.P.
020 B000004 133364318
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020 A000005 LEHMAN BROTHERS
<PAGE> PAGE 2
020 B000005 132518466
020 C000005 86
020 A000006 COUNTY NATWEST
020 B000006 133312778
020 C000006 84
020 A000007 UBS SECURITIES, INC.
020 B000007 132932996
020 C000007 70
020 A000008 MERRILL LYNCH & CO.
020 B000008 135674085
020 C000008 68
020 A000009 GOLDMAN SACHS & CO.
020 B000009 135108880
020 C000009 58
020 A000010 JAMES CAPEL
020 C000010 55
021 000000 1692
022 A000001 GOLDMAN SACHS & CO.,
022 B000001 135108880
022 C000001 62934
022 D000001 37538
022 A000002 MERRILL LYNCH & CO.
022 B000002 135674085
022 C000002 55206
022 D000002 43215
022 A000003 MORGAN STANLEY
022 B000003 132655998
022 C000003 26834
022 D000003 44389
022 A000004 SMITH BARNEY
022 B000004 131912900
022 C000004 29390
022 D000004 33469
022 A000005 BROWN (ALEX)
022 B000005 521319768
022 C000005 29166
022 D000005 24793
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022 C000006 23716
022 D000006 25041
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022 A000008 SALOMON BROTHERS
022 B000008 133082694
022 C000008 22864
022 D000008 13078
022 A000009 HERZOG HEINE
022 B000009 131955436
<PAGE> PAGE 3
022 C000009 15407
022 D000009 18219
022 A000010 FIRST BOSTON
022 B000010 135659485
022 C000010 13334
022 D000010 20004
023 C000000 542990
023 D000000 506864
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080 A00AA00 ICI MUTUAL INSURANCE COMPANY
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<PAGE> PAGE 4
028 H000100 0
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<PAGE> PAGE 6
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<PAGE> PAGE 7
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<PAGE> PAGE 8
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024 000300 N
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<PAGE> PAGE 9
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<PAGE> PAGE 10
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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
AUDITED ANNUAL REPORT OF CMC SMALL CAP FUND (A PORTFOLIO OF CMC FUND TRUST)
DATED OCTOBER 31, 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> YEAR
<FISCAL-YEAR-END> OCT-31-1996
<PERIOD-START> NOV-01-1995
<PERIOD-END> OCT-31-1996
<INVESTMENTS-AT-COST> 418,787,543
<INVESTMENTS-AT-VALUE> 478,983,287
<RECEIVABLES> 6,017,630
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 65,204,081
<TOTAL-ASSETS> 550,204,998
<PAYABLE-FOR-SECURITIES> 6,719,554
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<TOTAL-LIABILITIES> 27,796,991
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 462,293,007
<SHARES-COMMON-STOCK> 10,038,840
<SHARES-COMMON-PRIOR> 9,593,018
<ACCUMULATED-NII-CURRENT> 0
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<ACCUMULATED-NET-GAINS> (80,744)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 60,195,744
<NET-ASSETS> 522,408,007
<DIVIDEND-INCOME> 995,920
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<OTHER-INCOME> 0
<EXPENSES-NET> 4,241,821
<NET-INVESTMENT-INCOME> (766,830)
<REALIZED-GAINS-CURRENT> 171,828,992
<APPREC-INCREASE-CURRENT> (24,142,743)
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</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE
AUDITED ANNUAL REPORT OF CMC INTERNATIONAL STOCK FUND (A PORTFOLIO OF CMC
FUND TRUST) DATED OCTOBER 31, 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> YEAR
<FISCAL-YEAR-END> OCT-31-1996
<PERIOD-START> NOV-01-1995
<PERIOD-END> OCT-31-1996
<INVESTMENTS-AT-COST> 55,501,520
<INVESTMENTS-AT-VALUE> 62,287,270
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<ACCUMULATED-NET-GAINS> (2,323,716)
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<ACCUMULATED-NII-PRIOR> (9,470)
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<PER-SHARE-DIVIDEND> .78
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</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE
AUDITED ANNUAL REPORT OF CMC HIGH YIELD FUND (A PORTFOLIO OF CMC FUND TRUST)
DATED OCTOBER 31, 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> YEAR
<FISCAL-YEAR-END> OCT-31-1996
<PERIOD-START> NOV-01-1995
<PERIOD-END> OCT-31-1996
<INVESTMENTS-AT-COST> 65,992,253
<INVESTMENTS-AT-VALUE> 67,174,277
<RECEIVABLES> 1,630,226
<ASSETS-OTHER> 0
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<TOTAL-LIABILITIES> 104,138
<SENIOR-EQUITY> 0
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<SHARES-COMMON-STOCK> 0
<SHARES-COMMON-PRIOR> 0
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 5,027
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 1,182,024
<NET-ASSETS> 69,613,677
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 5,047,666
<OTHER-INCOME> 0
<EXPENSES-NET> 268,178
<NET-INVESTMENT-INCOME> 4,779,488
<REALIZED-GAINS-CURRENT> 747,251
<APPREC-INCREASE-CURRENT> (226,346)
<NET-CHANGE-FROM-OPS> 5,300,393
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 4,779,488
<DISTRIBUTIONS-OF-GAINS> 742,224
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 1,124,256
<NUMBER-OF-SHARES-REDEEMED> 497,533
<SHARES-REINVESTED> 145,259
<NET-CHANGE-IN-ASSETS> 27,422,164
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> (7,467)
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 214,819
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 268,178
<AVERAGE-NET-ASSETS> 53,705,693
<PER-SHARE-NAV-BEGIN> 36.24
<PER-SHARE-NII> 3.23
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<PER-SHARE-DIVIDEND> 3.23
<PER-SHARE-DISTRIBUTIONS> .39
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<PER-SHARE-NAV-END> 35.95
<EXPENSE-RATIO> .50
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
