CAPPIELLO RUSHMORE TRUST
NSAR-B, 1997-08-29
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<PAGE>      PAGE  1
000 B000000 06/30/97
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001 A000000 CAPPIELLO-RUSHMORE TRUST
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007 C010400  4
007 C020400 GOLD FUND
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008 A00AA01 MCCULLOUGH, ANDREWS & CAPPIELLO, INC.
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008 C00AA01 801-20086
008 D01AA01 SAN FRANCISCO
008 D02AA01 CA
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<PAGE>      PAGE  2
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<PAGE>      PAGE  3
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<PAGE>      PAGE  4
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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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<PAGE>      PAGE  12
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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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<PAGE>      PAGE  16
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<PAGE>      PAGE  17
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<PAGE>      PAGE  18
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SIGNATURE   TIMOTHY N. COAKLEY                           
TITLE       VICE PRESIDENT      
 


<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000885113
<NAME> CAPPIELLO-RUSHMORE TRUST
<SERIES>
   <NUMBER> 1
   <NAME> UTILITY INCOME FUND
<MULTIPLIER> 1
       
<S>                             <C>
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</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000885113
<NAME> CAPPIELLO-RUSHMORE TRUST
<SERIES>
   <NUMBER> 2
   <NAME> GROWTH FUND
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<S>                             <C>
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</TABLE>

<TABLE> <S> <C>

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<CIK> 0000885113
<NAME> CAPPIELLO-RUSHMORE TRUST
<SERIES>
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</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000885113
<NAME> CAPPIELLO-RUSHMORE TRUST
<SERIES>
   <NUMBER> 4
   <NAME> GOLD FUND
<MULTIPLIER> 1
       
<S>                             <C>
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</TABLE>


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