<PAGE> PAGE 1
000 A000000 04/30/1999
000 C000000 0000854126
000 D000000 N
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000 H000000 N
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000 J000000 U
001 A000000 CMC FUND TRUST
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002 C000000 OR
002 D010000 97201
003 000000 N
004 000000 N
005 000000 N
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007 C010300 3
007 C020300 CMC HIGH YIELD FUND
007 C030300 N
007 C010400 4
007 C020400 CMC SHORT TERM BOND FUND
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007 C010600 6
007 C010700 7
007 C010800 8
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011 A00AA01 DELETE
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020 A000001 INSTINET CORP
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<PAGE> PAGE 2
020 A000002 LEHMAN BROTHERS, INC.
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020 A000003 MERRILL LYNCH
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020 A000004 FIRST BOSTON (CREDIT SUISSE) CORP
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020 A000007 MONTGOMERY SECURITIES
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020 C000007 22
020 A000008 ABN AMRO SECURITIES (USA), INC.
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022 C000004 17845
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<PAGE> PAGE 3
022 D000006 12786
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<PAGE> PAGE 4
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<PAGE> PAGE 5
070 F020100 N
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<PAGE> PAGE 6
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<PAGE> PAGE 7
015 C020201 NY
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<PAGE> PAGE 8
062 D000200 0.0
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<PAGE> PAGE 9
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015 A000301 U.S. BANK NATIONAL ASSOCIATION
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<PAGE> PAGE 10
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<PAGE> PAGE 11
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<PAGE> PAGE 12
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015 A000401 U.S. BANK NATIONAL ASSOCIATION
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<PAGE> PAGE 13
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<PAGE> PAGE 14
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<PAGE> PAGE 15
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SIGNATURE J. JERRY INSKEEP JR.
TITLE 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, 1999, AND THE AUDITED ANNUAL REPORT OF CMC
SMALL CAP FUND (A PORTFOLIO OF CMC FUND TRUST) DATED OCTOBER 31, 1998, 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>
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<PERIOD-END> APR-30-1999
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<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, 1999, AND THE AUDITED ANNUAL REPORT OF CMC
INTERNATIONAL STOCK FUND (A PORTFOLIO OF CMC FUND TRUST) DATED OCTOBER 31,
1998, 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>
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<PER-SHARE-GAIN-APPREC> 2.70
<PER-SHARE-DIVIDEND> 0
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 15.21
<EXPENSE-RATIO> 1.35
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE
UNAUDITED SEM-ANNUAL REPORT OF CMC HIGH YIELD FUND (A PORTFOLIO OF CMC
FUND TRUST) DATED APRIL 30, 1999, AND THE AUDITED ANNUAL REPORT OF CMC
HIGH YIELD FUND (A PORTFOLIO OF CMC FUND TRUST) DATED OCTOBER 31, 1998, 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-31-1999
<PERIOD-START> NOV-01-1998
<PERIOD-END> APR-30-1999
<INVESTMENTS-AT-COST> 298,445,417
<INVESTMENTS-AT-VALUE> 297,244,788
<RECEIVABLES> 6,200,895
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 6,902,954
<TOTAL-ASSETS> 310,348,637
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 627,728
<TOTAL-LIABILITIES> 627,728
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 312,322,494
<SHARES-COMMON-STOCK> 8,505,475
<SHARES-COMMON-PRIOR> 7,373,471
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (1,400,956)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> (1,200,629)
<NET-ASSETS> 309,720,909
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 12,560,930
<OTHER-INCOME> 0
<EXPENSES-NET> 626,841
<NET-INVESTMENT-INCOME> 11,934,089
<REALIZED-GAINS-CURRENT> (1,443,286)
<APPREC-INCREASE-CURRENT> 6,071,632
<NET-CHANGE-FROM-OPS> 16,562,435
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 11,934,089
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 1,784,637
<NUMBER-OF-SHARES-REDEEMED> 939,736
<SHARES-REINVESTED> 287,103
<NET-CHANGE-IN-ASSETS> 45,809,353
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 42,330
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 585,903
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 626,841
<AVERAGE-NET-ASSETS> 293,255,700
<PER-SHARE-NAV-BEGIN> 35.79
<PER-SHARE-NII> 1.47
<PER-SHARE-GAIN-APPREC> 0.62
<PER-SHARE-DIVIDEND> 1.47
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 36.41
<EXPENSE-RATIO> 0.43
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE
UNAUDITED SEMI-ANNUAL REPORT OF CMC SHORT TERM BOND FUND (A PORTFOLIO OF CMC
FUND TRUST) DATED APRIL 30, 1999, AND THE AUDITED ANNUAL REPORT OF CMC
SHORT TERM BOND FUND (A PORTFOLIO OF CMC FUND TRUST) DATED OCTOBER 31, 1998,
AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
<CIK> 0000854126
<NAME> CMC FUND TRUST
<SERIES>
<NUMBER> 04
<NAME> CMC SHORT TERM BOND FUND
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> OCT-31-1999
<PERIOD-START> NOV-01-1998
<PERIOD-END> APR-30-1999
<INVESTMENTS-AT-COST> 92,976,997
<INVESTMENTS-AT-VALUE> 92,671,057
<RECEIVABLES> 4,857,600
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 6,962,782
<TOTAL-ASSETS> 104,491,439
<PAYABLE-FOR-SECURITIES> 3,855,224
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 15,858
<TOTAL-LIABILITIES> 3,871,082
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 101,164,339
<SHARES-COMMON-STOCK> 8,417,169
<SHARES-COMMON-PRIOR> 3,530,582
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (238,042)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> (305,940)
<NET-ASSETS> 100,620,357
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 2,331,969
<OTHER-INCOME> 0
<EXPENSES-NET> 94,290
<NET-INVESTMENT-INCOME> 2,237,679
<REALIZED-GAINS-CURRENT> (253,249)
<APPREC-INCREASE-CURRENT> (622,322)
<NET-CHANGE-FROM-OPS> 1,362,108
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 2,237,679
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 5,027,068
<NUMBER-OF-SHARES-REDEEMED> 326,856
<SHARES-REINVESTED> 186,375
<NET-CHANGE-IN-ASSETS> 4,886,587
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 15,207
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 94,290
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 94,290
<AVERAGE-NET-ASSETS> 73,986,173
<PER-SHARE-NAV-BEGIN> 12.09
<PER-SHARE-NII> 0.35
<PER-SHARE-GAIN-APPREC> (0.14)
<PER-SHARE-DIVIDEND> 0.35
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 11.95
<EXPENSE-RATIO> 0.25
</TABLE>
