MCM FUNDS
NSAR-B, 1996-08-27
Previous: USTEL INC, 8-K, 1996-08-27
Next: VARIABLE INVESTMENT TRUST, N-30D, 1996-08-27



<PAGE>      PAGE  1
000 B000000 06/30/96
000 C000000 0000919556
000 D000000 N
000 E000000 NF
000 F000000 Y
000 G000000 N
000 H000000 N
000 I000000 3.0
000 J000000 U
001 A000000 MCM FUNDS
001 B000000 811-8370
001 C000000 8007889485
002 A000000 ONE BUSH STREET
002 B000000 SAN FRANCISCO
002 C000000 CA
002 D010000 94104
003  000000 N
004  000000 N
005  000000 N
006  000000 N
007 A000000 Y
007 B000000  5
007 C010100  1
007 C020100 MCM EQUITY INVESTMENT FUND
007 C030100 N
007 C010200  2
007 C010300  3
007 C020300 MCM BALANCED FUND
007 C030300 N
007 C010400  4
007 C020400 MCM FIXED INCOME FUND
007 C030400 N
007 C010500  5
007 C020500 MCM INTERMEDIATE FIXED INCOME FUND
007 C030500 N
007 C010600  6
007 C020600 MCM PRINCIPAL PRESERVATION FUND
007 C030600 N
007 C010700  7
007 C010800  8
007 C010900  9
007 C011000 10
015 A00AA01 THE BANK OF NEW YORK
015 B00AA01 C
015 C01AA01 NEW YORK
015 C02AA01 NY
015 C03AA01 10286
015 E01AA01 X
020 A000001 MERRILL LYNCH, PIERCE, FENNER & SMITH, INC.
020 B000001 13-5674085
020 C000001      7
<PAGE>      PAGE  2
020 A000002 DONALDSON, LUFKIN, & JENRETTE SECURITIES CORP
020 B000002 13-2741729
020 C000002      3
020 A000003 COWEN & COMPANY
020 B000003 13-5616116
020 C000003      3
020 A000004 DEAN WITTER REYNOLDS, INC.
020 B000004 94-1671384
020 C000004      3
020 A000005 SMITH BARNEY SHEARSON
020 B000005 13-1912900
020 C000005      3
020 A000006 FIRST BOSTON CORPORATION
020 B000006 13-5659485
020 C000006      1
020 A000007 JEFFRIES & COMPANY, INC.
020 B000007 95-2622900
020 C000007      1
020 A000008 BROWN (ALEX) & SONS, INC.
020 B000008 52-1319768
020 C000008      1
020 A000009 PRUDENTIAL BACHE SECURITIES
020 B000009 22-2347336
020 C000009      1
020 A000010 LAWRENCE, CYRUS J., INC.
020 B000010 13-2730828
020 C000010      1
021  000000       24
022 A000001 CHEMICAL BANK
022 B000001 13-4994650
022 C000001    330887
022 D000001       992
022 A000002 GOVERNMENT PERSPECTIVES
022 C000002     61736
022 D000002     33913
022 A000003 WAGNER, DOXEY, WILLIAMS & RANEY
022 C000003     42504
022 D000003     22857
022 A000004 CHASE MANHATTAN INVESTMENT SERVICES, INC.
022 C000004     47825
022 D000004         0
022 A000005 NATIONS BANK, N.C.
022 C000005     24417
022 D000005         0
022 A000006 DONALDSON, LUFKIN & JENRETTE SECURITIES, CORP
022 B000006 13-2741729
022 C000006      4768
022 D000006         0
022 A000007 SMITH BARNEY SHEARSON
022 B000007 13-1912900
022 C000007      4135
<PAGE>      PAGE  3
022 D000007         3
022 A000008 IMPERIAL BANK
022 C000008      3100
022 D000008         0
022 A000009 FAHNESTOCK & CO.
022 C000009      2889
022 D000009         0
022 A000010 GOLDMAN SACHS & CO.
022 B000010 13-5108880
022 C000010      2100
022 D000010         0
023 C000000     546559
023 D000000      57850
037  00AA00 N
038  00AA00      0
039  00AA00 N
040  00AA00 N
077 A000000 Y
077 B000000 Y
078  000000 N
080 A00AA00 CHUBB GROUP OF INSURANCE COMPANIES
080 C00AA00     1500
081 A00AA00 N
081 B00AA00   0
082 A00AA00 Y
082 B00AA00       10
083 A00AA00 N
083 B00AA00        0
084 A00AA00 N
084 B00AA00        0
085 A00AA00 N
085 B00AA00 N
028 A010100       630
028 A020100         0
028 A030100         0
028 A040100         7
028 B010100      1497
028 B020100         0
028 B030100         0
028 B040100        72
028 C010100      3966
028 C020100        33
028 C030100         0
028 C040100       139
028 D010100      4161
028 D020100         0
028 D030100         0
028 D040100        45
028 E010100      1554
028 E020100         0
028 E030100         0
<PAGE>      PAGE  4
028 E040100       104
028 F010100      3488
028 F020100        73
028 F030100         0
028 F040100        17
028 G010100     15296
028 G020100       106
028 G030100         0
028 G040100       384
028 H000100         0
042 A000100   0
042 B000100   0
042 C000100   0
042 D000100   0
042 E000100   0
042 F000100   0
042 G000100   0
042 H000100   0
043  000100      0
044  000100      0
062 A000100 N
062 B000100   0.0
062 C000100   0.0
062 D000100   0.0
062 E000100   0.0
062 F000100   0.0
062 G000100   0.0
062 H000100   0.0
062 I000100   0.0
062 J000100   0.0
062 K000100   0.0
062 L000100   0.0
062 M000100   0.0
062 N000100   0.0
062 O000100   0.0
062 P000100   0.0
062 Q000100   0.0
062 R000100   0.0
071 A000100     16954
071 B000100        94
071 C000100     10179
071 D000100    1
072 A000100 12
072 B000100       16
072 C000100      240
072 D000100        0
072 E000100        0
072 F000100       51
072 G000100       21
072 H000100        0
072 I000100       28
<PAGE>      PAGE  5
072 J000100       23
072 K000100        0
072 L000100        0
072 M000100        2
072 N000100        5
072 O000100        0
072 P000100        0
072 Q000100       24
072 R000100        8
072 S000100        2
072 T000100        0
072 U000100        4
072 V000100        0
072 W000100        6
072 X000100      174
072 Y000100       98
072 Z000100      180
072AA000100       18
072BB000100        0
072CC010100     2004
072CC020100        0
072DD010100      172
072DD020100        0
072EE000100       20
073 A010100   0.2100
073 A020100   0.0000
073 B000100   0.0357
073 C000100   0.0000
074 A000100        0
074 B000100        0
074 C000100        0
074 D000100        0
074 E000100        0
074 F000100    23604
074 G000100        0
074 H000100        0
074 I000100        0
074 J000100        0
074 K000100        0
074 L000100      534
074 M000100       12
074 N000100    24150
074 O000100      169
074 P000100        9
074 Q000100        0
074 R010100        0
074 R020100        0
074 R030100        0
074 R040100       59
074 S000100        0
074 T000100    23913
<PAGE>      PAGE  6
074 U010100     1610
074 U020100        0
074 V010100    14.85
074 V020100     0.00
074 W000100   0.0000
074 X000100      151
074 Y000100        0
075 A000100        0
075 B000100    10536
076  000100     0.00
028 A010300      1900
028 A020300         0
028 A030300         0
028 A040300        14
028 B010300       691
028 B020300         0
028 B030300         0
028 B040300         1
028 C010300       488
028 C020300        46
028 C030300         0
028 C040300        10
028 D010300       529
028 D020300         0
028 D030300         0
028 D040300         3
028 E010300       554
028 E020300         0
028 E030300         0
028 E040300         4
028 F010300      1863
028 F020300        73
028 F030300         0
028 F040300         5
028 G010300      6025
028 G020300       119
028 G030300         0
028 G040300        37
028 H000300         0
062 A000300 N
062 B000300   0.0
062 C000300   0.0
062 D000300   0.0
062 E000300   0.0
062 F000300   0.0
062 G000300   0.0
062 H000300   0.0
062 I000300   0.0
062 J000300   0.0
062 K000300   0.0
062 L000300   0.0
<PAGE>      PAGE  7
062 M000300   0.0
062 N000300   0.0
062 O000300   0.0
062 P000300   0.0
062 Q000300   0.0
062 R000300   0.0
066 A000300 N
067  000300 Y
068 A000300 N
068 B000300 N
069  000300 N
071 A000300      9700
071 B000300      1656
071 C000300      6329
071 D000300   26
072 A000300 12
072 B000300      165
072 C000300       90
072 D000300        0
072 E000300        0
072 F000300       28
072 G000300       21
072 H000300        0
072 I000300       26
072 J000300       16
072 K000300        0
072 L000300        0
072 M000300        1
072 N000300        5
072 O000300        0
072 P000300        0
072 Q000300       25
072 R000300        8
072 S000300        2
072 T000300        0
072 U000300        4
072 V000300        0
072 W000300        4
072 X000300      140
072 Y000300      102
072 Z000300      217
072AA000300        0
072BB000300       15
072CC010300      680
072CC020300        0
072DD010300      206
072DD020300        0
072EE000300       34
073 A010300   0.3960
073 A020300   0.0000
073 B000300   0.0908
<PAGE>      PAGE  8
073 C000300   0.0000
074 A000300        0
074 B000300        0
074 C000300        0
074 D000300     4641
074 E000300        0
074 F000300     7064
074 G000300        0
074 H000300        0
074 I000300        0
074 J000300        0
074 K000300        0
074 L000300      746
074 M000300       14
074 N000300    12465
074 O000300      534
074 P000300        8
074 Q000300        0
074 R010300        0
074 R020300        0
074 R030300        0
074 R040300        8
074 S000300        0
074 T000300    11915
074 U010300      934
074 U020300        0
074 V010300    12.75
074 V020300     0.00
074 W000300   0.0000
074 X000300      118
074 Y000300        0
075 A000300        0
075 B000300     6455
076  000300     0.00
028 A010400        62
028 A020400         7
028 A030400         0
028 A040400         0
028 B010400        88
028 B020400        42
028 B030400         0
028 B040400        34
028 C010400        75
028 C020400        34
028 C030400         0
028 C040400         0
028 D010400        83
028 D020400        35
028 D030400         0
028 D040400         0
028 E010400       390
<PAGE>      PAGE  9
028 E020400        35
028 E030400         0
028 E040400        46
028 F010400        40
028 F020400        46
028 F030400         0
028 F040400         5
028 G010400       738
028 G020400       199
028 G030400         0
028 G040400        85
028 H000400         0
062 A000400 Y
062 B000400   0.0
062 C000400   0.0
062 D000400   0.0
062 E000400   0.0
062 F000400   0.0
062 G000400   0.0
062 H000400   0.0
062 I000400   0.0
062 J000400   0.0
062 K000400   0.0
062 L000400   0.0
062 M000400  19.1
062 N000400  52.2
062 O000400   0.0
062 P000400  26.9
062 Q000400   0.2
062 R000400   0.0
063 A000400   0
063 B000400 14.8
064 A000400 N
064 B000400 N
071 A000400      4591
071 B000400      2697
071 C000400      7169
071 D000400   38
072 A000400 12
072 B000400      476
072 C000400        0
072 D000400        0
072 E000400        0
072 F000400       25
072 G000400       20
072 H000400        0
072 I000400       25
072 J000400        6
072 K000400        0
072 L000400        0
072 M000400        1
<PAGE>      PAGE  10
072 N000400        6
072 O000400        0
072 P000400        0
072 Q000400       29
072 R000400        8
072 S000400        2
072 T000400        0
072 U000400        4
072 V000400        0
072 W000400        6
072 X000400      132
072 Y000400       96
072 Z000400      440
072AA000400       17
072BB000400        0
072CC010400        0
072CC020400      170
072DD010400      433
072DD020400        0
072EE000400       37
073 A010400   0.6300
073 A020400   0.0000
073 B000400   0.0551
073 C000400   0.0000
074 A000400        0
074 B000400        0
074 C000400        0
074 D000400     7860
074 E000400        0
074 F000400        0
074 G000400        0
074 H000400        0
074 I000400        0
074 J000400        0
074 K000400        0
074 L000400      130
074 M000400       18
074 N000400     8008
074 O000400        0
074 P000400        9
074 Q000400        0
074 R010400        0
074 R020400        0
074 R030400        0
074 R040400        7
074 S000400        0
074 T000400     7992
074 U010400      774
074 U020400        0
074 V010400    10.33
074 V020400     0.00
<PAGE>      PAGE  11
074 W000400   0.0000
074 X000400       42
074 Y000400        0
075 A000400        0
075 B000400     7292
076  000400     0.00
028 A010500      2969
028 A020500        98
028 A030500         0
028 A040500       775
028 B010500       256
028 B020500       321
028 B030500         0
028 B040500      1022
028 C010500     11630
028 C020500       266
028 C030500         0
028 C040500      1432
028 D010500      3072
028 D020500       296
028 D030500         0
028 D040500       811
028 E010500      2774
028 E020500       316
028 E030500         0
028 E040500      1615
028 F010500      1170
028 F020500       406
028 F030500         0
028 F040500      1933
028 G010500     21871
028 G020500      1703
028 G030500         0
028 G040500      7588
028 H000500         0
062 A000500 Y
062 B000500   0.0
062 C000500   0.0
062 D000500   0.0
062 E000500   0.0
062 F000500   0.0
062 G000500   0.0
062 H000500   0.0
062 I000500   0.0
062 J000500   0.0
062 K000500   0.0
062 L000500   0.0
062 M000500   5.0
062 N000500  62.0
062 O000500   0.0
062 P000500  31.7
<PAGE>      PAGE  12
062 Q000500   0.3
062 R000500   0.0
063 A000500   0
063 B000500 10.6
064 A000500 N
064 B000500 N
071 A000500     94324
071 B000500     42747
071 C000500     56801
071 D000500   75
072 A000500 12
072 B000500     3587
072 C000500        0
072 D000500        0
072 E000500        0
072 F000500      202
072 G000500       20
072 H000500        0
072 I000500       25
072 J000500       20
072 K000500        0
072 L000500        0
072 M000500        6
072 N000500       14
072 O000500        0
072 P000500        0
072 Q000500       44
072 R000500        8
072 S000500       16
072 T000500        0
072 U000500        4
072 V000500        0
072 W000500       41
072 X000500      400
072 Y000500      111
072 Z000500     3298
072AA000500      428
072BB000500        0
072CC010500        0
072CC020500     1351
072DD010500     3160
072DD020500        0
072EE000500      539
073 A010500   0.5700
073 A020500   0.0000
073 B000500   0.0990
073 C000500   0.0000
074 A000500        0
074 B000500        0
074 C000500        0
074 D000500    75272
<PAGE>      PAGE  13
074 E000500        0
074 F000500        0
074 G000500        0
074 H000500        0
074 I000500        0
074 J000500        0
074 K000500        0
074 L000500      780
074 M000500       14
074 N000500    76066
074 O000500        0
074 P000500       11
074 Q000500        0
074 R010500        0
074 R020500        0
074 R030500        0
074 R040500       10
074 S000500        0
074 T000500    76045
074 U010500     7474
074 U020500        0
074 V010500    10.17
074 V020500     0.00
074 W000500   0.0000
074 X000500       81
074 Y000500        0
075 A000500        0
075 B000500    57479
076  000500     0.00
028 A010600      3460
028 A020600        89
028 A030600         0
028 A040600      2774
028 B010600      2631
028 B020600        88
028 B030600         0
028 B040600      2047
028 C010600      3763
028 C020600        81
028 C030600         0
028 C040600      3121
028 D010600      1689
028 D020600        85
028 D030600         0
028 D040600      2358
028 E010600      5817
028 E020600        83
028 E030600         0
028 E040600      1883
028 F010600      1540
028 F020600       193
<PAGE>      PAGE  14
028 F030600         0
028 F040600      2710
028 G010600     18900
028 G020600       619
028 G030600         0
028 G040600     14893
028 H000600         0
062 A000600 Y
062 B000600   0.4
062 C000600  84.6
062 D000600   5.8
062 E000600   0.0
062 F000600   0.0
062 G000600   0.0
062 H000600   0.0
062 I000600   8.2
062 J000600   0.0
062 K000600   0.0
062 L000600   0.0
062 M000600   0.0
062 N000600   0.0
062 O000600   0.0
062 P000600   0.0
062 Q000600   0.0
062 R000600   0.0
063 A000600  81
063 B000600  0.0
064 A000600 N
064 B000600 N
071 A000600         0
071 B000600         0
071 C000600         0
071 D000600    0
072 A000600 12
072 B000600     1046
072 C000600        0
072 D000600        0
072 E000600        0
072 F000600       47
072 G000600       22
072 H000600        0
072 I000600       29
072 J000600       12
072 K000600        0
072 L000600        0
072 M000600        3
072 N000600        8
072 O000600        0
072 P000600        0
072 Q000600       26
072 R000600        8
<PAGE>      PAGE  15
072 S000600        6
072 T000600        0
072 U000600        4
072 V000600        0
072 W000600       11
072 X000600      176
072 Y000600      119
072 Z000600      989
072AA000600        2
072BB000600        0
072CC010600        0
072CC020600        0
072DD010600      989
072DD020600        0
072EE000600        0
073 A010600   0.0526
073 A020600   0.0000
073 B000600   0.0000
073 C000600   0.0000
074 A000600        0
074 B000600     1400
074 C000600    22564
074 D000600        0
074 E000600        0
074 F000600        0
074 G000600        0
074 H000600        0
074 I000600        0
074 J000600        0
074 K000600        0
074 L000600      337
074 M000600       13
074 N000600    24314
074 O000600        0
074 P000600       10
074 Q000600        0
074 R010600        0
074 R020600        0
074 R030600        0
074 R040600      109
074 S000600        0
074 T000600    24195
074 U010600    24194
074 U020600        0
074 V010600     1.00
074 V020600     0.00
074 W000600   1.0000
074 X000600      192
074 Y000600        0
075 A000600    18921
075 B000600        0
<PAGE>      PAGE  16
076  000600     0.00
SIGNATURE   GRETCHEN B. ZEPERNICK                        
TITLE       CORP COMPLIANCE ADM.
 

WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000919556
<NAME> MCM FUNDS
<SERIES>
   <NUMBER> 1
   <NAME> MCM EQUITY INVESTMENT FUND
<MULTIPLIER> 1
       
<S>                             <C>
<PERIOD-TYPE>                   YEAR
<FISCAL-YEAR-END>                          JUN-30-1996
<PERIOD-START>                             JUL-01-1995
<PERIOD-END>                               JUN-30-1996
<INVESTMENTS-AT-COST>                         21212842
<INVESTMENTS-AT-VALUE>                        23604411
<RECEIVABLES>                                   533755
<ASSETS-OTHER>                                     297
<OTHER-ITEMS-ASSETS>                             11754
<TOTAL-ASSETS>                                24150217
<PAYABLE-FOR-SECURITIES>                        169010
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                        68286
<TOTAL-LIABILITIES>                             237296
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                      21500183
<SHARES-COMMON-STOCK>                          1609826
<SHARES-COMMON-PRIOR>                           407305
<ACCUMULATED-NII-CURRENT>                        10916
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                          10253
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                       2391569
<NET-ASSETS>                                  23912921
<DIVIDEND-INCOME>                               239861
<INTEREST-INCOME>                                15830
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                   75947
<NET-INVESTMENT-INCOME>                         179744
<REALIZED-GAINS-CURRENT>                         18284
<APPREC-INCREASE-CURRENT>                      2003550
<NET-CHANGE-FROM-OPS>                          2201578
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                       171896
<DISTRIBUTIONS-OF-GAINS>                         19520
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                        1249130
<NUMBER-OF-SHARES-REDEEMED>                      59989
<SHARES-REINVESTED>                              13380
<NET-CHANGE-IN-ASSETR>                        19047162
<ACCUMULATED-NII-PRIOR>                           3068
<ACCUMULATED-GAINS-PRIOR>                        11489
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                            50631
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                 174164
<AVERAGE-NET-ASSETS>                          10146750
<PER-SHARE-NAV-BEGIN>                            11.95
<PER-SHARE-NII>                                   0.21
<PER-SHARE-GAIN-APPREC>                           2.94
<PER-SHARE-DIVIDEND>                              0.21
<PER-SHARE-DISTRIBUTIONS>                         0.04
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              14.85
<EXPENSE-RATIO>                                   0.75
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        


</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000919556
<NAME> MCM FUNDS
<SERIES>
   <NUMBER> 3
   <NAME> MCM BALANCED FUND
<MULTIPLIER> 1
       
<S>                             <C>
<PERIOD-TYPE>                   YEAR
<FISCAL-YEAR-END>                          JUN-30-1996
<PERIOD-START>                             JUL-01-1995
<PERIOD-END>                               JUN-30-1996
<INVESTMENTS-AT-COST>                         10801529
<INVESTMENTS-AT-VALUE>                        11705294
<RECEIVABLES>                                   746041
<ASSETS-OTHER>                                    2373
<OTHER-ITEMS-ASSETS>                             11754
<TOTAL-ASSETS>                                12465462
<PAYABLE-FOR-SECURITIES>                        534233
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                        16260
<TOTAL-LIABILITIES>                             550493
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                      11018536
<SHARES-COMMON-STOCK>                           934284
<SHARES-COMMON-PRIOR>                           270583
<ACCUMULATED-NII-CURRENT>                        15143
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                        (22475)
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                        903765
<NET-ASSETS>                                  11914969
<DIVIDEND-INCOME>                                90011
<INTEREST-INCOME>                               164706
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                   37914
<NET-INVESTMENT-INCOME>                         216803
<REALIZED-GAINS-CURRENT>                       (15053)
<APPREC-INCREASE-CURRENT>                       680345
<NET-CHANGE-FROM-OPS>                           882095
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                       206101
<DISTRIBUTIONS-OF-GAINS>                         33641
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                         662596
<NUMBER-OF-SHARES-REDEEMED>                      16574
<SHARES-REINVESTED>                              17679
<NET-CHANGE-IN-ASSETS>                         8845093
<ACCUMULATED-NII-PRIOR>                           4441
<ACCUMULATED-GAINS-PRIOR>                        26219
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                            28436
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                 139930
<AVERAGE-NET-ASSETS>                           6327813
<PER-SHARE-NAV-BEGIN>                            11.35
<PER-SHARE-NII>                                   0.40
<PER-SHARE-GAIN-APPREC>                           1.49
<PER-SHARE-DIVIDEND>                              0.40
<PER-SHARE-DISTRIBUTIONS>                         0.09
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              12.75
<EXPENSE-RATIO>                                   0.60
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        


</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000919556
<NAME> MCM FUNDS
<SERIES>
   <NUMBER> 4
   <NAME> MCM FIXED INCOME FUND
<MULTIPLIER> 1
       
<S>                             <C>
<PERIOD-TYPE>                   YEAR
<FISCAL-YEAR-END>                          JUN-30-1996
<PERIOD-START>                             JUL-01-1995
<PERIOD-END>                               JUN-30-1996
<INVESTMENTS-AT-COST>                          7882042
<INVESTMENTS-AT-VALUE>                         7859681
<RECEIVABLES>                                   129698
<ASSETS-OTHER>                                    6353
<OTHER-ITEMS-ASSETS>                             11754
<TOTAL-ASSETS>                                 8007486
<PAYABLE-FOR-SECURITIES>                             0
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                        15841
<TOTAL-LIABILITIES>                              15841
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                       7982873
<SHARES-COMMON-STOCK>                           773849
<SHARES-COMMON-PRIOR>                           623863
<ACCUMULATED-NII-CURRENT>                        23026
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                           8107
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                       (22361)
<NET-ASSETS>                                   7991645
<DIVIDEND-INCOME>                                    0
<INTEREST-INCOME>                               476154
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                   36524
<NET-INVESTMENT-INCOME>                         439630
<REALIZED-GAINS-CURRENT>                         16664
<APPREC-INCREASE-CURRENT>                     (169853)
<NET-CHANGE-FROM-OPS>                           286441
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                       433144
<DISTRIBUTIONS-OF-GAINS>                         37168
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                         131506
<NUMBER-OF-SHARES-REDEEMED>                      25846
<SHARES-REINVESTED>                              44326
<NET-CHANGE-IN-ASSETS>                         1393006
<ACCUMULATED-NII-PRIOR>                          16516
<ACCUMULATED-GAINS-PRIOR>                        28635
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                            25566
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                 132849
<AVERAGE-NET-ASSETS>                           7298847
<PER-SHARE-NAV-BEGIN>                            10.58
<PER-SHARE-NII>                                   0.64
<PER-SHARE-GAIN-APPREC>                         (0.20)
<PER-SHARE-DIVIDEND>                              0.63
<PER-SHARE-DISTRIBUTIONS>                         0.06
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              10.33
<EXPENSE-RATIO>                                   0.50
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        


</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000919556
<NAME> MCM FUNDS
<SERIES>
   <NUMBER> 5
   <NAME> MCM INTERMEDIATE FIXED INCOME FUND
<MULTIPLIER> 1
       
<S>                             <C>
<PERIOD-TYPE>                   YEAR
<FISCAL-YEAR-END>                          JUN-30-1996
<PERIOD-START>                             JUL-01-1995
<PERIOD-END>                               JUN-30-1996
<INVESTMENTS-AT-COST>                         76128938
<INVESTMENTS-AT-VALUE>                        75272289
<RECEIVABLES>                                   779739
<ASSETS-OTHER>                                    2333
<OTHER-ITEMS-ASSETS>                             11754
<TOTAL-ASSETS>                                76066115
<PAYABLE-FOR-SECURITIES>                             0
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                        21390
<TOTAL-LIABILITIES>                              21390
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                      76551270
<SHARES-COMMON-STOCK>                          7474348
<SHARES-COMMON-PRIOR>                          2887830
<ACCUMULATED-NII-CURRENT>                       214359
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                         135745
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                      (856649)
<NET-ASSETS>                                  76044725
<DIVIDEND-INCOME>                                    0
<INTEREST-INCOME>                              3586513
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                  288424
<NET-INVESTMENT-INCOME>                        3298089
<REALIZED-GAINS-CURRENT>                        428006
<APPREC-INCREASE-CURRENT>                    (1350540)
<NET-CHANGE-FROM-OPS>                          2375555
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                      3160286
<DISTRIBUTIONS-OF-GAINS>                        539436
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                        5055407
<NUMBER-OF-SHARES-REDEEMED>                     813233
<SHARES-REINVESTED>                             344344
<NET-CHANGE-IN-ASSETS>                        46108466
<ACCUMULATED-NII-PRIOR>                          74760
<ACCUMULATED-GAINS-PRIOR>                       248971
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                           201896
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                 399525
<AVERAGE-NET-ASSETS>                          57775290
<PER-SHARE-NAV-BEGIN>                            10.37
<PER-SHARE-NII>                                   0.57
<PER-SHARE-GAIN-APPREC>                         (0.10)
<PER-SHARE-DIVIDEND>                              0.57
<PER-SHARE-DISTRIBUTIONS>                         0.10
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              10.17
<EXPENSE-RATIO>                                   0.50
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        

</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000919556
<NAME> MCM FUNDS
<SERIES>
   <NUMBER> 6
   <NAME> MCM PRINCIPAL PRESERVATION FUND
<MULTIPLIER> 1
       
<S>                             <C>
<PERIOD-TYPE>                   YEAR
<FISCAL-YEAR-END>                          JUN-30-1996
<PERIOD-START>                             JUL-01-1995
<PERIOD-END>                               JUN-30-1996
<INVESTMENTS-AT-COST>                         23964178
<INVESTMENTS-AT-VALUE>                        23964178
<RECEIVABLES>                                   337251
<ASSETS-OTHER>                                     645
<OTHER-ITEMS-ASSETS>                             11754
<TOTAL-ASSETS>                                24313828
<PAYABLE-FOR-SECURITIES>                             0
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                       118706
<TOTAL-LIABILITIES>                             118706
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                      24193533
<SHARES-COMMON-STOCK>                         24193533
<SHARES-COMMON-PRIOR>                         11812940
<ACCUMULATED-NII-CURRENT>                            0
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                           1589
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                             0
<NET-ASSETS>                                  24195122
<DIVIDEND-INCOME>                                    0
<INTEREST-INCOME>                              1046009
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                   56950
<NET-INVESTMENT-INCOME>                         989059
<REALIZED-GAINS-CURRENT>                          1584
<APPREC-INCREASE-CURRENT>                            0
<NET-CHANGE-FROM-OPS>                           990643
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                       989059
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                        4818645
<NUMBER-OF-SHARES-REDEEMED>                   36760462
<SHARES-REINVESTED>                             954210
<NET-CHANGE-IN-ASSETS>                        12382177
<ACCUMULATED-NII-PRIOR>                              0
<ACCUMULATED-GAINS-PRIOR>                            5
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                            47458
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                 176354
<AVERAGE-NET-ASSETS>                          18920936
<PER-SHARE-NAV-BEGIN>                             1.00
<PER-SHARE-NII>                                   0.05
<PER-SHARE-GAIN-APPREC>                              0
<PER-SHARE-DIVIDEND>                              0.05
<PER-SHARE-DISTRIBUTIONS>                            0
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                               1.00
<EXPENSE-RATIO>                                   0.30
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        


</TABLE>


© 2022 IncJournal is not affiliated with or endorsed by the U.S. Securities and Exchange Commission