<PAGE> PAGE 1
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000 C000000 0000877232
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002 A000000 29 TEMPLE PLACE
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002 C000000 MA
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003 000000 N
004 000000 N
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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 SUNSTONE FINANCIAL GROUP, INC.
010 C01AA02 MILWAUKEE
<PAGE> PAGE 2
010 C02AA02 WI
010 C03AA02 53202
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 N
019 B00AA00 0
020 A000001 FIRST BOSTON
020 B000001 13-5659485
020 C000001 7
020 A000002 MERRILL LYNCH, PIERCE, FENNER & SMITH
020 B000002 13-5674085
020 C000002 6
020 A000003 NATWEST SECURITIES CORP.
020 B000003 13-3255839
020 C000003 2
020 A000004 INSTINET CORP.
020 B000004 13-3443395
020 C000004 1
020 A000005 GOLDMAN SACHS
020 B000005 13-5108880
020 C000005 1
020 A000006 SMITH BARNEY, INC.
020 B000006 13-1912900
020 C000006 1
020 A000007 PERSHING
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020 C000007 0
020 A000008 ALEX BROWN & SONS, INC.
020 B000008 52-0256630
020 C000008 0
020 A000009 OPPENHEIMER & CO., INC.
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020 A000010 BROWN BROTHERS, HARRIMAN & CO.
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022 A000001 SALOMON BROTHERS
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<PAGE> PAGE 3
022 C000003 472
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<PAGE> PAGE 4
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<PAGE> PAGE 5
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008 A000201 GREEN CENTURY CAPITAL MANAGEMENT, INC.
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008 D030202 02110
012 A000201 INVESTORS BANK & TRUST COMPANY
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013 A000201 KPMG PEAT MARWICK LLP
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015 A000201 INVESTORS BANK & TRUST COMPANY
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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
080 A000200 CHUBB GROUP OF INSURANCE COMPANIES
080 C000200 200
081 A000200 Y
081 B000200 2
082 A000200 Y
082 B000200 10
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SIGNATURE MEG GREIFENKAMP
TITLE ADMINISTRATOR
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000877232
<NAME> GREEN CENTURY FUNDS
<SERIES>
<NUMBER> 2
<NAME> BALANCED FUND
<S> <C>
<PERIOD-TYPE> YEAR
<FISCAL-YEAR-END> JUN-30-1997
<PERIOD-END> JUN-30-1997
<INVESTMENTS-AT-COST> 10,048,465
<INVESTMENTS-AT-VALUE> 11,346,783
<RECEIVABLES> 313,578
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 11,660,361
<PAYABLE-FOR-SECURITIES> 565,376
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 72,843
<TOTAL-LIABILITIES> 638,219
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 9,135,437
<SHARES-COMMON-STOCK> 814,559
<SHARES-COMMON-PRIOR> 615,960
<ACCUMULATED-NII-CURRENT> 53,427
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 557,644
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 1,275,634
<NET-ASSETS> 11,022,142
<DIVIDEND-INCOME> 37,963
<INTEREST-INCOME> 270,252
<OTHER-INCOME> 0
<EXPENSES-NET> (224,029)
<NET-INVESTMENT-INCOME> 84,186
<REALIZED-GAINS-CURRENT> 701,949
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<NET-CHANGE-FROM-OPS> 1,439,638
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (67,661)
<DISTRIBUTIONS-OF-GAINS> (1,042,169)
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 178,968
<NUMBER-OF-SHARES-REDEEMED> 30,384
<SHARES-REINVESTED> 50,015
<NET-CHANGE-IN-ASSETS> 2,806,951
<ACCUMULATED-NII-PRIOR> 615
<ACCUMULATED-GAINS-PRIOR> 934,151
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 67,209
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 84,186
<AVERAGE-NET-ASSETS> 8,367,951
<PER-SHARE-NAV-BEGIN> 13.34
<PER-SHARE-NII> 0.12
<PER-SHARE-GAIN-APPREC> 1.77
<PER-SHARE-DIVIDEND> (0.10)
<PER-SHARE-DISTRIBUTIONS> (1.60)
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 13.53
<EXPENSE-RATIO> 2.50
<AVG-DEBT-OUTSTANDING> 0
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</TABLE>
Exhibit to Accompany
Item 77J
Form N-SAR
Green Century Balanced Fund
(the "Fund")
According to the provisions of Statement of Position 93 - 2 (SOP
93 - 2) "Determination, Disclosure and Financial Statement
Presentation of Income, Capital Gain and Return of Capital
Distributions by Investment Companies," the Fund is required to
report the accumulated net investment income (loss) and
accumulated net capital gain (loss) accounts to approximate
amounts available for future distributions on a tax basis (or to
offset future realized capital gains). As a result, the Fund has
reclassified net realized gain of $36,287 to increase undistributed
net investment income for the year ended June 30, 1997.
This reclassification has no impact on the net asset value of the
Fund and is designed to present the Fund's capital account on a tax
basis.
Report of Independent Auditors
The Board of Trustees
Green Century Balanced Fund:
In planning and performing our audit of the financial
statements of Green Century Balanced
Fund for the year ended June 30, 1997, we considered
its internal control, including control
activities 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 internal control.
The management of Green Century Balanced Fund is
responsible for establishing and
maintaining internal control. In fulfilling this
responsibility, estimates and judgments by
management are required to assess the expected
benefits and related costs of controls. Generally,
controls that are relevant to an audit pertain to the
entity's objective of preparing financial
statements for external purposes that are fairly
presented in conformity with generally accepted
accounting principles. Those controls include the
safeguarding of assets against unauthorized
acquisitions, use or disposition..
Because of inherent limitations in internal control,
errors or irregularities may occur and not be
detected. Also, projection of any evaluation of
internal control 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 would not
necessarily disclose all matters in the internal
control 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 one or more of the internal control
components 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 and its
operation, including controls for safeguarding
securities, that we consider to be material
weaknesses as defined above as of June 30, 1997.
This report is intended solely for the information
and use of management, the Board of Trustees
of Green Century Balanced Fund and the Securities and
Exchange Commission.
/s/ KPMG Peat Marwick LLP
Boston, Massachusetts
August 27, 1997
