<PAGE> PAGE 1
000 A000000 12/31/1998
000 C000000 0000093832
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001 A000000 CAPITAL CASH MANAGEMENT TRUST
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001 C000000 2126976666
002 A000000 380 MADISON AVENUE, SUITE 2300
002 B000000 NEW YORK
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002 D010000 10017
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008 A000001 STCM MANAGEMENT COMPANY, INC.
008 B000001 A
008 C000001 801-10052
008 D010001 NEW YORK
008 D020001 NY
008 D030001 10017
010 A000001 AQUILA MANAGEMENT CORPORATION
010 B000001 801-22119
010 C010001 NEW YORK
010 C020001 NY
010 C030001 10017
011 A000001 AQUILA DISTRIBUTORS, INC.
011 B000001 8-13173
011 C010001 NEW YORK
011 C020001 NY
011 C030001 10017
012 A000001 PFPC INC.
012 B000001 85-11196
012 C010001 WILMINGTON
<PAGE> PAGE 2
012 C020001 DE
012 C030001 19809
013 A000001 KPMG PEAT MARWICK LLP
013 B010001 NEW YORK
013 B020001 NY
013 B030001 10154
015 A000001 BANK ONE TRUST COMPANY, N.A.
015 B000001 C
015 C010001 COLUMBUS
015 C020001 OH
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022 A000001 MERRILL LYNCH PIERCE FENNER & SMITH
022 B000001 13-5674085
022 C000001 8521
022 D000001 120
022 A000002 CREDIT SUISSE FIRST BOSTON
022 B000002 13-5659485
022 C000002 1119
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022 A000003 NORWEST INVESTMENT SERVICES INC.
022 B000003 41-1508325
022 C000003 383
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022 A000004 PRUDENTIAL SECURITIES
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022 A000005 AMERICAN EXPRESS CREDIT CORP.
022 B000005 38-1612444
022 C000005 355
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022 A000006 FORD MOTOR CREDIT
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022 C000006 336
022 D000006 0
<PAGE> PAGE 3
022 A000007 AMERICAN GENERAL FINANCE
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022 C000007 301
022 D000007 0
022 A000008 GENERAL MOTORS ACCEPTANCE CORP.
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022 C000008 74
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<PAGE> PAGE 4
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<PAGE> PAGE 5
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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
084 B000000 0
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SIGNATURE ROBERT ANDERSON
TITLE COMPLIANCE OFFICER\
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
This schedule contains summary financial infomation extracted from
the Registrant's Semi-Annual Report dated December 31, 1998 and is
qualified in its entirety by reference to such Financial
Statements.
</LEGEND>
<CIK> 0000093832
<NAME> CAPITAL CASH MANAGEMENT TRUST
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> JUN-30-1999
<PERIOD-END> DEC-31-1998
<INVESTMENTS-AT-COST> 1,592,773
<INVESTMENTS-AT-VALUE> 1,592,773
<RECEIVABLES> 4,011
<ASSETS-OTHER> 3,429
<OTHER-ITEMS-ASSETS> 19,790
<TOTAL-ASSETS> 1,620,003
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 17,305
<TOTAL-LIABILITIES> 17,305
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 1,602,698
<SHARES-COMMON-STOCK> 1,602,698
<SHARES-COMMON-PRIOR> 1,612,769
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 0
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 0
<NET-ASSETS> 1,602,698
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 44,951
<OTHER-INCOME> 0
<EXPENSES-NET> 3,343
<NET-INVESTMENT-INCOME> 41,608
<REALIZED-GAINS-CURRENT> 0
<APPREC-INCREASE-CURRENT> 0
<NET-CHANGE-FROM-OPS> 41,608
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 41,608
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 1,029,826
<NUMBER-OF-SHARES-REDEEMED> 1,081,446
<SHARES-REINVESTED> 41,549
<NET-CHANGE-IN-ASSETS> (10071)
<ACCUMULATED-NII-PRIOR> 0
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<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 1,671
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<GROSS-EXPENSE> 31,316
<AVERAGE-NET-ASSETS> 1,654,985
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<PER-SHARE-DISTRIBUTIONS> 0
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<PER-SHARE-NAV-END> 1.00
<EXPENSE-RATIO> .40
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
