<PAGE> PAGE 1
000 A000000 04/30/97
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
007 C010900 9
007 C011000 10
020 A000001 INSTINET CORP.
020 B000001 133443395
020 C000001 70
020 A000002 MONTGOMERY SECURITIES
020 B000002 941701676
020 C000002 58
020 A000003 UBS SECURITIES
020 B000003 132932996
020 C000003 51
020 A000004 GOLDMAN SACHS & CO.
020 B000004 135108880
020 C000004 50
020 A000005 MORGAN STANLEY & CO.
<PAGE> PAGE 2
020 B000005 132655998
020 C000005 44
020 A000006 WEEDEN & CO.
020 B000006 133364318
020 C000006 43
020 A000007 LEHMAN BROTHERS
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020 C000007 38
020 A000008 SALOMON BROTHERS, INC.
020 B000008 133082694
020 C000008 34
020 A000009 BROWN (ALEX) & SONS
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020 A000010 MERRILL LYNCH, PIERCE
020 B000010 135674085
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022 A000001 GOLDMAN SACHS & CO.,
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022 C000001 32647
022 D000001 40709
022 A000002 MERRILL LYNCH & CO.
022 B000002 135674085
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022 D000002 42479
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022 B000003 521319768
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<PAGE> PAGE 3
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<PAGE> PAGE 4
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<PAGE> PAGE 5
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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
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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, 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> 6-MOS
<FISCAL-YEAR-END> OCT-31-1997
<PERIOD-START> NOV-01-1996
<PERIOD-END> APR-30-1997
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<INVESTMENTS-AT-VALUE> 247,467,406
<RECEIVABLES> 898,011
<ASSETS-OTHER> 0
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</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, 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> 6-MOS
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<PERIOD-START> NOV-01-1996
<PERIOD-END> APR-30-1997
<INVESTMENTS-AT-COST> 73,279,462
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<ACCUMULATED-NII-PRIOR> 8115
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</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, 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> 6-MOS
<FISCAL-YEAR-END> OCT-31-1997
<PERIOD-START> NOV-01-1996
<PERIOD-END> APR-30-1997
<INVESTMENTS-AT-COST> 69,749,813
<INVESTMENTS-AT-VALUE> 70,048,924
<RECEIVABLES> 1,638,290
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 2,431,338
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<SENIOR-EQUITY> 0
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<SHARES-COMMON-PRIOR> 1,936,251
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<NET-INVESTMENT-INCOME> 3,416,388
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<NET-CHANGE-FROM-OPS> (100,652)
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<DISTRIBUTIONS-OF-INCOME> 3,416,388
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<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 788,648
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<ACCUMULATED-NII-PRIOR> 0
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<PER-SHARE-NAV-BEGIN> 35.95
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</TABLE>
