<PAGE> PAGE 1
000 B000000 07/31/99
000 C000000 0000877232
000 D000000 N
000 E000000 NF
000 F000000 Y
000 G000000 N
000 H000000 N
000 I000000 3.0.a
000 J000000 A
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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
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007 B000000 2
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007 C010200 2
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007 C020300 EQUITY FUND
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007 C010400 4
007 C010500 5
007 C010600 6
007 C010700 7
007 C010800 8
007 C010900 9
007 C011000 10
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 B00AA02 84-5792
010 C01AA02 MILWAUKEE
010 C02AA02 WI
010 C03AA02 53202
011 A00AA01 SUNSTONE DISTRIBUTION SERVICES, LLC
011 B00AA01 8-42106
011 C01AA01 MILWAUKEE
011 C02AA01 WI
011 C03AA01 53202
<PAGE> PAGE 2
012 A00AA01 UNIFIED FUND SERVICES, INC.
012 B00AA01 85-84142
012 C01AA01 INDIANAPOLIS
012 C02AA01 IN
012 C03AA01 46204
013 A00AA01 KPMG LLP
013 B01AA01 BOSTON
013 B02AA01 MA
013 B03AA01 02110
020 A000001 ADAMS, HARKNESS & HILL, INC.
020 B000001 04-2149932
020 C000001 28
020 A000002 MERRILL LYNCH PIERCE FENNER & SMITH
020 B000002 13-5674085
020 C000002 4
020 A000003 CS FIRST BOSTON
020 B000003 13-5659485
020 C000003 4
020 A000004 SWISS AMERICAN SECURITIES
020 B000004 13-2741554
020 C000004 1
020 A000005 LEWCO SECURITIES CORP.
020 B000005 13-2765944
020 C000005 1
020 A000006 CIBC OPPENHEIMER CORP.
020 B000006 13-2798343
020 C000006 1
020 A000007 BT ALEX. BROWN
020 B000007 13-3311934
020 C000007 1
020 A000008 SG COWEN SECURITIES CORPORATION
020 B000008 13-5616116
020 C000008 1
020 A000009 PAINEWEBBER INCORPORATED
020 B000009 13-2638166
020 C000009 0
020 C000010 0
021 000000 40
022 A000001 SALOMON SMITH BARNEY
022 B000001 11-2418191
022 C000001 127384
022 D000001 185
022 A000002 DOMINI SOCIAL INDEX PORTFOLIO
022 B000002 04-3081260
022 C000002 13101
022 D000002 2779
022 A000003 FIRST CHICAGO CAPITAL MARKETS, INC.
022 B000003 36-3595942
022 C000003 6465
022 D000003 0
022 A000004 THE COMPANY
<PAGE> PAGE 3
022 C000004 2642
022 D000004 0
022 A000005 BT ALEX. BROWN
022 B000005 13-3311934
022 C000005 167
022 D000005 1010
022 A000006 SOUTHWEST SECURITIES, INC.
022 B000006 75-1382137
022 C000006 958
022 D000006 0
022 A000007 ROBERTSON STEPHENS INVESTMENT MANAGEMENT
022 C000007 917
022 D000007 0
022 A000008 CIBC OPPENHEIMER CORP.
022 B000008 13-2798343
022 C000008 0
022 D000008 691
022 A000009 KNIGHT SECURITIES
022 C000009 304
022 D000009 331
022 A000010 BEAR STEARNS & CO.
022 B000010 13-3299429
022 C000010 228
022 D000010 375
023 C000000 155089
023 D000000 6596
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<PAGE> PAGE 4
033 00AA00 0
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077 L000000 N
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<PAGE> PAGE 5
086 B010000 0
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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 02109
014 A000201 ADAMS, HARKNESS & HILL, INC.
014 B000201 8-0111109
015 A000201 INVESTORS BANK & TRUST COMPANY
015 B000201 C
015 C010201 BOSTON
015 C020201 MA
015 C030201 02116
015 E010201 X
015 A000202 NATIONAL AUSTRALIA BANK
015 B000202 S
015 C010202 SYDNEY
015 D010202 AUSTRALIA
015 E040202 X
015 A000203 GENERALE DE BANQUE
015 B000203 S
015 C010203 BRUSSELS
015 D010203 BELGIUM
015 E040203 X
015 A000204 ROYAL BANK OF CANADA
015 B000204 S
015 C010204 TORONTO
015 D010204 CANADA
015 E040204 X
015 A000205 BANQUE PARIBAS
015 B000205 S
015 C010205 PARIS
015 D010205 FRANCE
015 E040205 X
015 A000206 DEUTSCHE BANK A.G.
<PAGE> PAGE 6
015 B000206 S
015 C010206 FRANKFURT
015 D010206 GERMANY
015 E040206 X
015 A000207 STANDARD CHARTERED BANK
015 B000207 S
015 C010207 TOKYO
015 D010207 JAPAN
015 E040207 X
015 A000208 BANCOMER, S.A.
015 B000208 S
015 C010208 MEXICO CITY
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015 E040208 X
015 A000209 UNION BANK OF NORWAY
015 B000209 S
015 C010209 OSLO
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015 A000210 BARCLAYS BANK, PLC
015 B000210 S
015 C010210 LONDON
015 D010210 UNITED KINGDOM
015 E040210 X
015 A000211 FIRST CHICAGO CLEARING CENTRE
015 B000211 S
015 C010211 LONDON
015 D010211 UNITED KINGDOM
015 E040211 X
015 A000212 MEESPIERSON N.V.
015 B000212 S
015 C010212 AMSTERDAM
015 D010212 NETHERLANDS
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015 B000213 S
015 C010213 COPENHAGEN
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<PAGE> PAGE 7
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<PAGE> PAGE 8
048 F020200 0.000
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048 K020200 0.000
049 000200 N
050 000200 N
051 000200 N
052 000200 N
053 A000200 Y
053 B000200 Y
053 C000200 N
054 A000200 Y
054 B000200 Y
054 C000200 Y
054 D000200 Y
054 E000200 Y
054 F000200 Y
054 G000200 Y
054 H000200 N
054 I000200 N
054 J000200 Y
054 K000200 Y
054 L000200 Y
054 M000200 Y
054 N000200 Y
054 O000200 Y
055 A000200 N
055 B000200 N
056 000200 Y
057 000200 N
066 A000200 N
067 000200 Y
068 A000200 N
068 B000200 N
069 000200 N
070 A010200 Y
070 A020200 Y
070 B010200 Y
070 B020200 N
070 C010200 Y
070 C020200 N
070 D010200 Y
070 D020200 N
070 E010200 Y
<PAGE> PAGE 9
070 E020200 N
070 F010200 Y
070 F020200 N
070 G010200 Y
070 G020200 N
070 H010200 Y
070 H020200 N
070 I010200 N
070 I020200 N
070 J010200 Y
070 J020200 Y
070 K010200 N
070 K020200 N
070 L010200 Y
070 L020200 Y
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070 R020200 N
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<PAGE> PAGE 10
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080 A000200 CHUBB GROUP OF INSURANCE COMPANIES
<PAGE> PAGE 11
080 C000200 225
081 A000200 Y
081 B000200 1
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083 A000200 N
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015 A000301 INVESTORS BANK & TRUST COMPANY
015 B000301 C
015 C010301 BOSTON
015 C020301 MA
015 C030301 02116
015 E010301 X
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024 000300 N
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037 000300 N
<PAGE> PAGE 12
038 000300 0
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055 A000300 N
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<PAGE> PAGE 13
070 C020300 N
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070 I020300 N
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070 Q020300 N
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<PAGE> PAGE 14
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<PAGE> PAGE 15
075 A000300 0
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076 000300 0.00
080 A000300 NATIONAL UNION FIRE INSURANCE COMPANY
080 C000300 1700
081 A000300 Y
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082 A000300 N
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SIGNATURE JIM ZAWADA
TITLE ADMINISTRATION
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000877232
<NAME> GREEN CENTURY FUNDS
<SERIES>
<NUMBER> 2
<NAME> GREEN CENTURY BALANCED FUND
<S> <C>
<PERIOD-TYPE> YEAR
<FISCAL-YEAR-END> JUL-31-1999
<PERIOD-START> AUG-01-1998
<PERIOD-END> JUL-31-1999
<INVESTMENTS-AT-COST> 13,742,703
<INVESTMENTS-AT-VALUE> 15,200,045
<RECEIVABLES> 373,822
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 15,573,867
<PAYABLE-FOR-SECURITIES> 269,750
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 34,869
<TOTAL-LIABILITIES> 304,619
<SENIOR-EQUITY> 0
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<SHARES-COMMON-STOCK> 1,250,985
<SHARES-COMMON-PRIOR> 1,199,430
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<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (1,433,166)
<OVERDISTRIBUTION-GAINS> 0
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<NET-ASSETS> 15,269,248
<DIVIDEND-INCOME> 18,928
<INTEREST-INCOME> 464,992
<OTHER-INCOME> 6,044
<EXPENSES-NET> (349,842)
<NET-INVESTMENT-INCOME> 140,122
<REALIZED-GAINS-CURRENT> (1,400,197)
<APPREC-INCREASE-CURRENT> 1,939,922
<NET-CHANGE-FROM-OPS> 679,847
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (137,787)
<DISTRIBUTIONS-OF-GAINS> (1,046,950)
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 284,115
<NUMBER-OF-SHARES-REDEEMED> 310,445
<SHARES-REINVESTED> 77,885
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<ACCUMULATED-NII-PRIOR> 3,077
<ACCUMULATED-GAINS-PRIOR> 1,013,880
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 104,953
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 349,842
<AVERAGE-NET-ASSETS> 14,035,988
<PER-SHARE-NAV-BEGIN> 12.68
<PER-SHARE-NII> 0.11
<PER-SHARE-GAIN-APPREC> 0.40
<PER-SHARE-DIVIDEND> (0.11)
<PER-SHARE-DISTRIBUTIONS> (0.87)
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 12.21
<EXPENSE-RATIO> 2.50
[AVG-DEBT-OUTSTANDING] 0
[AVG-DEBT-PER-SHARE] 0
</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000877232
<NAME> GREEN CENTURY FUNDS
<SERIES>
<NUMBER> 3
<NAME> GREEN CENTURY EQUITY FUND
<S> <C>
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<FISCAL-YEAR-END> JUL-31-1999
<PERIOD-START> AUG-31-1999
<PERIOD-END> JUL-31-1999
<INVESTMENTS-AT-COST> 23,129,179
<INVESTMENTS-AT-VALUE> 29,717,191
<RECEIVABLES> 78,996
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<OTHER-ITEMS-ASSETS> 0
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<TOTAL-LIABILITIES> 32,347
<SENIOR-EQUITY> 0
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<SHARES-COMMON-STOCK> 1,208,833
<SHARES-COMMON-PRIOR> 756,959
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
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<OVERDISTRIBUTION-GAINS> 0
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<EXPENSES-NET> (281,718)
<NET-INVESTMENT-INCOME> (99,179)
<REALIZED-GAINS-CURRENT> 369,045
<APPREC-INCREASE-CURRENT> 3,767,345
<NET-CHANGE-FROM-OPS> 4,037,211
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> (179,708)
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 572,365
<NUMBER-OF-SHARES-REDEEMED> 128,076
<SHARES-REINVESTED> 7,585
<NET-CHANGE-IN-ASSETS> 14,288,263
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 77,828
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 0
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 281,718
<AVERAGE-NET-ASSETS> 21,729,363
<PER-SHARE-NAV-BEGIN> 20.44
<PER-SHARE-NII> (0.08)
<PER-SHARE-GAIN-APPREC> 4.47
<PER-SHARE-DIVIDEND> 0
<PER-SHARE-DISTRIBUTIONS> (0.21)
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 24.62
<EXPENSE-RATIO> 1.50
[AVG-DEBT-OUTSTANDING] 0
[AVG-DEBT-PER-SHARE] 0
</TABLE>
The Board of Trustees
Green Century Funds
In planning and performing our audit of the financial statements of
Green Century Balanced Fund as of and for the year ended
July 31, 1999, 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 the internal control.
The management of the 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
acquisition, 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 July 31, 1999.
This report is intended solely for the information and use of management,
the Board of Trustees and the Securities and Exchange Commission.
/s/ KPMG LLP
Boston, Massachusetts
September 15, 1999
The Board of Trustees
Green Century Funds
In planning and performing our audit of the financial statements of
Green Century Equity Fund as of and for the year ended July 31, 1999,
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 the internal control.
The management of the 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
acquisition, 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 July 31, 1999.
This report is intended solely for the information and use of management,
the Board of Trustees and the Securities and Exchange Commission.
/s/ KPMG LLP
Boston, Massachusetts
September 15, 1999
Exhibit to Accompany
Item 77C
Form N-SAR
Results of the Shareholder Meeting
The special meeting of the shareholders of the Balanced
Fund was held on June 18, 1999. The matter voted on by the
shareholders of record as of May 3, 1999 and the results of
the vote at the shareholder meeting was as follows:
1. To approve a new investment subadvisory agreement between
Winslow Management Company, Green Century Capital
Managent, Inc. and the Trust on behalf of the Fund,
For: 790,107
Against: 11,861
Abstain: 27,396
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 loss of $102 to decrease undistributed
net investment income for the year ended July 31, 1999.
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.
Exhibit to Accompany
Item 77J
Form N-SAR
Green Century Equity 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 $99,179 to increase undistributed
net investment income by $99,179 for the year ended July 31,
1999.
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.
