GREEN CENTURY FUNDS
NSAR-B, 1996-09-13
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000 B000000 06/30/96
000 C000000 0000877232
000 D000000 N
000 E000000 NF
000 F000000 Y
000 G000000 N
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000 I000000 3.0
000 J000000 A
001 A000000 GREEN CENTURY FUNDS
001 B000000 811-06351
001 C000000 6174820800
002 A000000 29 TEMPLE PLACE
002 B000000 BOSTON
002 C000000 MA
002 D010000 02111
003  000000 N
004  000000 N
005  000000 N
006  000000 N
007 A000000 Y
007 B000000  2
007 C010100  1
007 C010200  2
007 C020200 BALANCED FUND
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010 A00AA01 GREEN CENTURY CAPITAL MANAGEMENT, INC.
010 B00AA01 801-39630
010 C01AA01 BOSTON
010 C02AA01 MA
010 C03AA01 02111
010 A00AA02 SIGNATURE BROKER-DEALER SERVICES, INC.
010 B00AA02 8-41134
010 C01AA02 BOSTON
010 C02AA02 MA
010 C03AA02 02116
011 A00AA01 SIGNATURE BROKER-DEALER SERVICES, INC.
011 B00AA01 8-41134
011 C01AA01 BOSTON
011 C02AA01 MA
011 C03AA01 02116
018  00AA00 Y
019 A00AA00 Y
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019 C00AA00 GREENCENTU
020 A000001 MERRILL LYNCH, PIERCE FENNER & SMITH
020 B000001 13-5674085
020 C000001      5
020 A000002 FIRST BOSTON
020 C000002      4
020 A000003 OPPENHEIMER & CO., INC.
020 B000003 13-2798343
020 C000003      2
020 A000004 GOLDMAN SACHS & CO.
020 B000004 13-5108880
020 C000004      2
020 A000005 O'NEIL (WILLIAM) & CO., INC.
020 B000005 95-2269163
020 C000005      1
020 A000006 ADVEST INC.
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020 C000006      1
020 A000007 NATWEST SECURITIES CORPORATION
020 B000007 13-3255839
020 C000007      1
020 A000008 BLAIR (WILLIAM) & CO., INC.
020 B000008 36-2214610
020 C000008      1
020 A000009 EDWARDS (A.G.) & SONS, INC.
020 B000009 43-0895447
020 C000009      1
020 A000010 INSTINET CORPORATION
020 B000010 13-3443395
020 C000010      1
021  000000       21
022 A000001 SALOMON BROTHERS
022 B000001 13-3082694
022 C000001     61097
022 D000001       150
022 A000002 MERRILL LYNCH PIERCE FENNER & SMITH INC.
022 B000002 13-5674085
022 C000002       928
022 D000002      1592
022 A000003 FIRST BOSTON
022 C000003      1165
022 D000003      1080
022 A000004 DILLON, READ & CO. INC.
022 B000004 13-1939216
022 C000004      1242
022 D000004       664
022 A000005 GOLDMAN, SACHS & CO.
022 B000005 13-5108880
022 C000005      1736
022 D000005       135
022 A000006 OPPENHEIMER & CO., INC.
022 B000006 13-2798343
022 C000006      1197
022 D000006       372
022 A000007 NATWEST SECURITIES CORPORATION
022 B000007 13-3255839
022 C000007       968
022 D000007       116
022 A000008 O'NEIL (WILLIAM) & CO. INC.
022 B000008 95-2269163
022 C000008       820
022 D000008         0
022 A000009 PAINEWEBBER INC.
022 B000009 13-2638166
022 C000009       529
022 D000009       265
022 A000010 HERZOG, HEINE, GEDULD, INC.
022 B000010 13-1955436
022 C000010       367
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054 K00AA00 Y
054 L00AA00 Y
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008 A000201 GREEN CENTURY CAPITAL MANAGEMENT, INC.
008 B000201 A
008 C000201 801-39630
008 D010201 BOSTON
008 D020201 MA
008 D030201 02111
008 A000202 WINSLOW MANAGEMENT COMPANY
008 B000202 S
008 C000202 801-159300
008 D010202 BOSTON
008 D020202 MA
008 D030202 02110
012 A000201 INVESTORS BANK & TRUST COMPANY
012 B000201 84-0000000
012 C010201 BOSTON
012 C020201 MA
012 C030201 02110
013 A000201 KPMG PEAT MARWICK LLP
013 B010201 BOSTON
013 B020201 MA
013 B030201 02110
015 A000201 INVESTORS BANK & TRUST COMPANY
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SIGNATURE   BRIAN J. HALL                                
TITLE       ASSISTANT TREASURER

<TABLE> <S> <C>

<ARTICLE> 6
<LEGEND>
This schedule contains summary financial information extracted from the June
30, 1996 Green Century Funds Annual Report and is qualified in its entirety
by reference to such Annual Report.
</LEGEND>
<CIK> 0000877232
<NAME> GREEN CENTURY FUNDS
<SERIES>
   <NUMBER> 2
   <NAME> BALANCED FUND
       
<S>                             <C>
<PERIOD-TYPE>                   12-MOS
<FISCAL-YEAR-END>                          JUN-30-1996
<PERIOD-START>                              JUL-1-1995
<PERIOD-END>                               JUN-30-1996
<INVESTMENTS-AT-COST>                        7,495,688
<INVESTMENTS-AT-VALUE>                       8,112,048
<RECEIVABLES>                                  515,842
<ASSETS-OTHER>                                       0
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                               8,628,545
<PAYABLE-FOR-SECURITIES>                       393,443
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                       19,911
<TOTAL-LIABILITIES>                            413,354
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                     6,658,294
<SHARES-COMMON-STOCK>                          615,690
<SHARES-COMMON-PRIOR>                                0
<ACCUMULATED-NII-CURRENT>                          615
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                        934,151
<OVERDISTRIBUTION-GAINS>                             0
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<DIVIDEND-INCOME>                               30,819
<INTEREST-INCOME>                              199,172
<OTHER-INCOME>                                       0
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<NET-CHANGE-FROM-OPS>                        1,316,929
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                       58,633
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
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<ACCUMULATED-NII-PRIOR>                          1,146
<ACCUMULATED-GAINS-PRIOR>                    (111,249)
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<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                171,889
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<PER-SHARE-NAV-BEGIN>                            11.03
<PER-SHARE-NII>                                   .095
<PER-SHARE-GAIN-APPREC>                          2.313
<PER-SHARE-DIVIDEND>                              .098
<PER-SHARE-DISTRIBUTIONS>                            0
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              13.34
<EXPENSE-RATIO>                                   2.50
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        

</TABLE>

The Board of Trustees
Green Century Balanced Fund:

In planning and  performing  our audit of the financial  statements of the Green
Century  Balanced  Fund,  for the year ended June 30, 1996,  we  considered  its
internal control structure, including procedures for safeguarding securities, in
order to determine our auditing  procedures  for the purpose of  expressing  our
opinion on the financial  statements and to comply with the requirements of Form
N-SAR, not to provide assurance on the internal control structure.

The  management  of  the  Green  Century   Balanced  Fund  is  responsible   for
establishing and maintaining an internal control  structure.  In fulfilling this
responsibility, estimates and judgments by management are required to assess the
expected  benefit and related costs of internal control  structure  policies and
procedures.  Two of the  objectives  of an  internal  control  structure  are to
provide management with reasonable, but not absolute,  assurance that assets are
safeguarded   against  loss  from  unauthorized  use  or  disposition  and  that
transactions  are executed in accordance  with  management's  authorization  and
recorded  properly to permit  preparation of financial  statements in conformity
with generally accepted accounting principles.

Because of inherent  limitations in any internal  control  structure,  errors or
irregularities may occur and not be detected. Also, projection of any evaluation
of the  structure  to future  periods is subject to the risks that it may become
inadequate  because of changes in  conditions or that the  effectiveness  of the
design and operation may deteriorate.

Our  consideration  of the  internal  control  structure  would not  necessarily
disclose all matters in the internal  control  structure  that might be material
weaknesses  under standards  established by the American  Institute of Certified
Public  Accountants.  A material  weakness is a condition in which the design or
operation of the specific internal control structure elements does not reduce to
a relatively  low level the risk that errors or  irregularities  in amounts that
would be  material in relation to the  financial  statements  being  audited may
occur and not be  detected  within a timely  period by  employees  in the normal
course of performing  their  assigned  functions.  However,  we noted no matters
involving the internal control structure,  including procedures for safeguarding
securities,  that we consider to be material  weaknesses  as defined above as of
June 30, 1996.

This report is intended solely for the information and use of management and the
Securities and Exchange Commission.


/s/KPMG PEAT MARWICK LLP
KPMG PEAT MARWICK LLP


August 27, 1996




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