<PAGE> PAGE 1
000 B000000 10/31/97
000 C000000 854126
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002 B000000 PORTLAND
002 C000000 OR
002 D010000 97201
003 000000 N
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007 C020200 CMC INTERNATIONAL STOCK FUND
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007 C020300 CMC HIGH YIELD FUND
007 C030300 N
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007 C010500 5
007 C010600 6
007 C010700 7
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020 A000003 INSTINET CORP
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020 A000004 BROWN (ALEX) & SONS INC
020 B000004 521319768
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020 A000005 THE FIRST BOSTON CORP
<PAGE> PAGE 2
020 B000005 135659485
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020 A000006 WEEDEN & CO.
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020 A000007 LEHMAN BROTHERS
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020 A000008 UBS SECURITIES INC
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022 D000007 13610
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<PAGE> PAGE 3
022 B000009 132518466
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<PAGE> PAGE 4
028 G020100 88974
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055 A000100 N
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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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<PAGE> PAGE 9
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<PAGE> PAGE 10
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<PAGE> PAGE 11
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, 1997, AND THE AUDITED ANNUAL REPORT OF CMC SMALL CAP
FUND (A PORTFOLIO OF CMC FUND TRUST) DATED OCTOBER 31, 1996, 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-31-1997
<PERIOD-START> NOV-01-1996
<PERIOD-END> OCT-31-1997
<INVESTMENTS-AT-COST> 414,760,150
<INVESTMENTS-AT-VALUE> 490,348,556
<RECEIVABLES> 8,730,368
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 33,767,324
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<SENIOR-EQUITY> 0
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<SHARES-COMMON-STOCK> 9,590,639
<SHARES-COMMON-PRIOR> 10,038,840
<ACCUMULATED-NII-CURRENT> 0
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<ACCUMULATED-NET-GAINS> (244,012)
<OVERDISTRIBUTION-GAINS> 0
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<NET-ASSETS> 521,770,491
<DIVIDEND-INCOME> 789,572
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<NET-INVESTMENT-INCOME> (374,369)
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<GROSS-EXPENSE> 3,543,704
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<PER-SHARE-NII> (.04)
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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, 1997, AND THE AUDITED ANNUAL REPORT OF CMC
INTERNATIONAL STOCK FUND (A PORTFOLIO OF CMC FUND TRUST) DATED OCTOBER 31, 1996,
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-31-1997
<PERIOD-START> NOV-01-1996
<PERIOD-END> OCT-31-1997
<INVESTMENTS-AT-COST> 68,881,241
<INVESTMENTS-AT-VALUE> 75,623,152
<RECEIVABLES> 17,387,425
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<OTHER-ITEMS-ASSETS> 2,297,037
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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, 1997, AND THE AUDITED ANNUAL REPORT OF CMC HIGH YIELD
FUND (A PORTFOLIO OF CMC FUND TRUST) DATED OCTOBER 31, 1996, 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-31-1997
<PERIOD-START> NOV-01-1996
<PERIOD-END> OCT-31-1997
<INVESTMENTS-AT-COST> 109,660,052
<INVESTMENTS-AT-VALUE> 112,109,556
<RECEIVABLES> 4,553,212
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 2,785,819
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<TOTAL-LIABILITIES> 252,190
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 116,715,963
<SHARES-COMMON-STOCK> 3,234,971
<SHARES-COMMON-PRIOR> 1,936,251
<ACCUMULATED-NII-CURRENT> 0
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<ACCUMULATED-NET-GAINS> 30,930
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<DIVIDEND-INCOME> 0
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<EXPENSES-NET> 400,745
<NET-INVESTMENT-INCOME> 7,645,481
<REALIZED-GAINS-CURRENT> 1,235,856
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<NET-CHANGE-FROM-OPS> 10,148,817
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 7,645,481
<DISTRIBUTIONS-OF-GAINS> 1,209,953
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 1,915,922
<NUMBER-OF-SHARES-REDEEMED> 837,005
<SHARES-REINVESTED> 219,803
<NET-CHANGE-IN-ASSETS> 49,582,720
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 5,027
<OVERDISTRIB-NII-PRIOR> 0
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<GROSS-ADVISORY-FEES> 354,620
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 400,745
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<PER-SHARE-NAV-BEGIN> 35.95
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<EXPENSE-RATIO> .45
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<AVG-DEBT-PER-SHARE> 0
</TABLE>
