The Schedule of Investments for the Green Century Balanced Fund is set forth below. For the period covered by this report, the Green Century Equity Fund was a “feeder fund” and invested its assets in the Domini Social Equity Trust. The Schedule of Investments of the Domini Social Equity Trust is set forth below.

COMMON STOCKS	67.0%

Computers -	6.9%
Apple Computer, Inc. (b)		2,885	$	233,916
Cisco Systems, Inc.(b)		52,090		1,256,932
Hewlett-Packard Company		28,700		1,111,838
IBM Corporation		11,400		1,052,562
				3,655,248

Diversified Financial Services -	6.5%
American Express Company		10,880		628,973
CIT Group, Inc.		16,015		833,581
Citigroup, Inc.		18,980		952,037
JPMorgan Chase & Company		21,820		1,035,140
				3,449,731

Manufacturing -	6.5%
3M Company		11,945		941,744
Air Products & Chemicals, Inc.		14,000		975,380
Ecolab Inc.		4,400		199,540
Illinois Tool Works, Inc.		19,590		938,949
Interface, Inc. (b)		26,400		384,120
				3,439,733

Insurance -	6.2%
Ambac Financial Group, Inc.		11,010		919,225
Chubb Corporation		18,670		992,310
Philadelphia Consolidated Holding Corporation (b)		21,525		842,058
The Progressive Corporation		23,075		557,723
				3,311,316

Healthcare Products -	4.4%
Dentsply International, Inc.		28,800		900,864
Johnson & Johnson		21,590		1,455,166
				2,356,030

Banks -	3.7%
Bank of America Corporation		19,970		1,075,784
Barclays PLC American Depository Receipt (c)		5,000		271,550
East West Bancorp, Inc.		6,745		246,260
TCF Financial Corporation		14,500		377,435
				1,971,029


Transportation -	3.3%
FedEx Corporation		7,120	815,525
United Parcel Service, Inc.		12,450	938,107
			1,753,632

Telecommunications -	3.2%
BT Group PLC American Depository Receipt (c)		19,500	1,043,640
Qualcomm, Inc.		18,725	681,403
			1,725,043

Electrical Components & Equipment -	3.2%
Baldor Electric Company		15,525	498,042
Emerson Electric Company		14,455	1,220,002
			1,718,044

Software -	2.5%
Oracle Corporation (b)		71,760	1,325,407

Healthy Living -	2.3%
United Natural Foods, Inc. (b)		12,625	440,613
Whole Foods Market, Inc.		12,470	796,084
			1,236,697

Pharmaceuticals -	2.3%
Novo Nordisk A/S American Depository Receipt (c)		10,415	783,208
Teva Pharmaceutical Industries Ltd.
American Depository Receipt (c)		13,135	433,061
			1,216,269

Packaging & Containers -	2.1%
Sealed Air Corporation		19,060	1,134,451

Biotechnology -	2.0%
Amgen, Inc. (b)		14,250	1,081,718

Media -	2.0%
McGraw-Hill Companies, Inc.		16,310	1,046,613

Healthcare Services -	1.8%
UnitedHealth Group, Inc.		19,310	941,942

Food & Beverage -	1.7%
Green Mountain Coffee Roasters, Inc. (b)		4,755	188,155
JM Smucker Company		14,480	709,520
			897,675


		SHARES		VALUE

Retail -	1.2%
Staples, Inc.		26,010	$	670,798

Internet -	1.0%
Google, Inc. (b)		1,080		514,501

Alternative/Renewable Energy -	0.9%
FuelCell Energy, Inc. (b)		16,225		107,410
Ormat Technologies, Inc.		10,000		384,000
				491,410

Auto Manufacturing -	0.9%
Toyota Motor Corporation American Depository Receipt (c)		3,960		467,280

Auto Parts & Equipment -	0.7%
Johnson Controls, Inc.		4,350		354,699

Electronics -	0.7%
Itron, Inc. (b)		2,910		158,420
NAM TAI Electronics, Inc. (c)		12,550		195,655
				354,075

Building Products -	0.4%
Cemex S.A. de C.V. American Depository Receipt (c)		6,800		209,032

Commercial Services -	0.3%
Bright Horizons Family Solutions, Inc. (b)		4,520		173,658

Semiconductors -	0.3%
MEMC Electronic Materials, Inc. (b)		4,400		156,200

Total Common Stocks
(Cost $31,789,102)				35,652,231


		PRINCIPAL AMOUNT
CORPORATE BONDS & NOTES	21.3%

Telecommunications -	3.0%
AT&T Corporation
7.30%, due 11/15/11 (e)		$ 1,000,000		1,089,484
BellSouth Corporation
4.75%, due 11/15/12		500,000		484,869

				1,574,353

Food & Beverage -	2.5%
Dean Foods Company
8.15%, due 8/01/07		1,300,000		1,324,375

Office Equipment -	2.0%
Xerox Corporation
7.625%, due 6/15/13		1,000,000		1,050,000

Computers -	1.9%
IBM Corporation
6.45%, due 8/01/07		500,000		503,128
Lexmark International, Inc.
6.75%, due 5/15/08		500,000		508,712
				1,011,840

Banks -	1.9%
Fleet National Bank
5.75%, due 1/15/09		500,000		506,595
M&I Marshall & Ilsley Bank
3.95%, due 8/14/09		500,000		485,214
				991,809

Healthy Living -	1.8%
NBTY, Inc.
7.125%, due 10/01/15		1,000,000		977,500

Diversified Financial Services -	1.8%
JPMorgan Chase & Company
4.60%, due 1/17/11		500,000		490,107
JPMorgan Chase & Company
4.50%, due 1/15/12		500,000		483,873
				973,980

Healthcare Services -	1.6%
HCA, Inc.
6.30%, due 10/01/12		1,000,000		855,000



		PRINCIPAL AMOUNT		VALUE

Insurance -	1.2%
Aetna, Inc.
5.75%, due 6/15/11		$ 595,000	$	606,141

Software -	0.9%
Oracle Corporation
5.00%, due 1/15/11		500,000	497,068

Transportation -	0.9%
Ryder System, Inc.
4.625%, due 4/01/10		500,000	488,277

Housewares -	0.9%
Newell Rubbermaid, Inc.
4.00%, due 5/01/10		500,000	479,898

Auto Manufacturing -	0.9%
Toyota Motor Credit Corporation
4.125%, due 7/25/17 (c)(e)		500,000	479,614

Total Corporate Bonds and Notes
(Cost $11,538,044)			11,309,855


U.S GOVERNMENT AGENCIES	9.3%

Fannie Mae
5.00%, due 11/14/08		500,000	500,176
Fannie Mae
5.50%, due 3/01/12		480,744	482,050
Federal Home Loan Bank
4.60%, due 4/11/08		500,000	497,713
Federal Home Loan Bank
5.14%, due 1/13/09		500,000	498,367
Federal Home Loan Bank
4.265%, due 7/08/15		500,000	468,969
Freddie Mac
5.00%, due 11/01/10		500,000	495,677
SLM Corporation
4.00%, due 7/25/14 (d)		2,235,000	2,035,929

Total U.S. Government Agencies
(Cost $5,190,915)			4,978,881




SHORT TERM OBLIGATION	2.0%

Repurchase Agreement -
Investors Bank & Trust

Repurchase Agreement, 3.52%, dated 10/31/06, due 11/01/06,
proceeds $1,052,672 (collateralized by U.S.Treasury Bonds,
2.75%, due 08/15/2007, value $1,073,621) (Cost $1,052,569)		$	1,052,569

TOTAL INVESTMENTS (a)	99.6%
(Cost $49,570,629)			52,993,536

Other Assets Less Liabilities	0.4%		187,257

NET ASSETS	100.0%	$	53,180,793

(a) The cost of investments for federal income tax purposes is $49,576,186 resulting

Green Century Funds (the “Trust”) is a Massachusetts business trust which offers two separate series, the Green Century Balanced Fund (the “Balanced Fund”) and the Green Century Equity Fund (the “Equity Fund”). The Trust is registered under the Investment Company Act of 1940, as amended (the “Act”), as an open-end management investment company. The Trust accounts separately for the assets, liabilities and operations of each series. The Balanced Fund commenced operations on March 18, 1992 and the Equity Fund commenced operations on September 13, 1995.

The Equity Fund invested substantially all of its assets in the Domini Social Equity Trust (the “Equity Trust”), an open-end, diversified management investment company having the same investment objective as the Fund until November 28, 2006. The Equity Fund accounted for its investment in the Equity Trust as a partnership investment and recorded its share of the Equity Trust income, expenses and realized and unrealized gains and losses daily. The value of such investment reflected the Fund’s proportionate interest in the net assets of the Equity Trust (2.49% at October 31, 2006). The Portfolio of Investments of the Equity Trust is included elsewhere in this report. On November 28, 2006, the Equity Fund withdrew its investment from the Equity Trust. As of November 28, 2006, the Equity Fund directly invests in the securities of the companies included in the Domini 400 Social^SM Index (the “Domini Index”).

The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements. Actual results could differ from those estimates. The following is a summary of the Trust’s significant accounting policies:

Equity Fund Investment Valuation: For the period ended October 31, 2006, the Equity Fund recorded its investment in the Equity Trust at fair value.

Equity Fund Securities Transactions, Investment Income and Expenses: For the period ended October 31, 2006, the Equity Fund recorded daily its proportionate share of the Equity Trust’s income, expenses and realized and unrealized gains and losses. In addition, the Fund accrues its own expenses.

The Balanced Fund may write put or call options. Premiums received upon writing put or call options are recorded as an asset with a corresponding liability which is subsequently adjusted to the current market value of the option. Changes between the initial premiums received and the current market value of the options are recorded as unrealized gains or losses. When an option is closed, expired or exercised, a gain or loss is realized and the liability is eliminated. The Balanced Fund continues to the bear the risk of adverse movements in the price of the underlying assets during the period of the option, although any potential loss during the period would be reduced by the amount of the option premium received. As required by the Act, liquid securities are designated as collateral in an amount equal to the market value of open options contracts.



Consumer Discretionary - 13.3%
	American Greetings Corporation, Class A	13,100	313,221
	AutoZone, Inc. (a)	12,531	1,403,472
	Bandag, Inc.	2,900	127,281
	Bed Bath & Beyond (a)	67,100	2,703,459
	Best Buy Co., Inc.	95,200	5,259,799
	Black & Decker Corp.	17,561	1,473,017
	Bright Horizons Family Solutions, Inc. (a)	6,400	245,888
	Centex Corporation	28,200	1,474,860
	Champion Enterprises, Inc. (a)	19,000	175,940
	Charming Shoppes, Inc. (a)	26,300	389,240
	Circuit City Stores, Inc.	33,500	903,830
	Claire's Stores, Inc.	22,200	629,370
	Cooper Tire and Rubber Company	15,300	164,169
	Darden Restaurants, Inc.	34,800	1,458,120
	DeVry, Inc. (a)	14,100	343,335
	Disney (Walt) Company (The)	493,050	15,511,352
	Dollar General Corporation	74,351	1,043,145
	Dow Jones & Company	14,800	519,332
	eBay Inc. (a)	276,572	8,886,258
	Emmis Communications Corporation, Class A (a)	7,660	94,524
	Family Dollar Stores Inc.	35,800	1,054,310
	Foot Locker, Inc.	36,400	844,116
	Gaiam, Inc. (a)	4,100	59,491
	Gap Inc.	127,797	2,686,293
	Genuine Parts Company	40,700	1,852,664
	Harley-Davidson, Inc.	62,300	4,275,649
	Harman International Industries, Inc.	15,520	1,588,472
	Hartmarx Corporation (a)	8,500	60,435
	Home Depot, Inc. (The)	486,044	18,144,023
	Horton (D.R.), Inc.	64,733	1,516,694
	Interface, Inc., Class A (a)	11,400	165,870
	Johnson Controls, Inc.	46,000	3,750,840
	KB Home	17,800	799,932
	Lee Enterprises, Inc.	10,900	310,977
	Leggett & Platt, Incorporated	42,900	1,001,715
	Limited Brands	80,530	2,373,219
	Liz Claiborne, Inc.	24,500	1,033,165
	Lowe's Companies, Inc.	359,973	10,849,586
	Mattel, Inc.	89,885	2,034,098
	McClatchy Newspapers A, Class A	8,600	372,810
	McDonald's Corporation	291,093	12,202,619

	McGraw-Hill Companies	83,000	5,326,110
	Media General, Inc., Class A	5,600	207,760
	Men's Wearhouse, Inc.	12,650	504,103
	Meredith Corporation	9,300	488,250
	Modine Manufacturing Company	7,800	185,718
	New York Times Company, Class A	34,300	829,031
	Newell Rubbermaid, Inc.	64,878	1,867,189
	NIKE, Inc., Class B	44,500	4,088,660
	Nordstrom, Inc.	54,400	2,575,840
	Office Depot (a)	67,300	2,825,927
	Omnicom Group, Inc.	40,100	4,068,145
	Penney (J.C.) Company, Inc.	52,400	3,942,052
	Pep Boys -- Manny, Moe & Jack	12,900	182,922
	Phillips-Van Heusen Corporation	11,700	535,392
	Pulte Homes, Inc.	50,300	1,558,797
	Radio One, Inc. (a)	2,300	15,847
	RadioShack Corporation	32,300	576,232
	Ruby Tuesday, Inc.	14,000	388,500
	Scholastic Corporation (a)	5,100	160,242
	Scripps (E.W.) Company (The), Class A	19,900	984,254
	Snap-On Incorporated	13,850	651,366
	Spartan Motors, Inc.	3,100	64,387
	Stanley Works	19,300	919,645
	Staples, Inc.	172,084	4,438,046
	Starbucks Corporation (a)	178,314	6,731,354
	Stride Rite Corporation	9,200	135,700
	Target Corporation	202,400	11,978,032
	Tiffany & Co.	32,800	1,171,616
	Timberland Company (The) (a)	12,200	351,970
	Time Warner, Inc.	959,220	19,193,992
	TJX Companies, Inc.	106,900	3,094,755
	Tribune Company	43,800	1,459,854
	Tupperware Corporation	13,300	282,359
	Univision Communications, Inc., Class A (a)	59,800	2,096,588
	Valassis Communications Inc. (a)	11,400	171,114
	Washington Post Company, Class B	1,300	979,030
	Wendy's International, Inc.	27,300	944,580
	Whirlpool Corporation	18,536	1,611,334
			197,683,283

Consumer Staples - 12.0%
	Alberto-Culver Company, Class B	17,450	886,635
	Avon Products, Inc.	106,143	3,227,809
	Campbell Soup Company	54,900	2,052,162
	Chiquita Brands International, Inc.	10,000	137,000
	Church & Dwight Co., Inc.	15,400	624,778
	Clorox Company	35,900	2,317,704
	Coca-Cola Company	480,000	22,425,600

	Colgate-Palmolive Company	122,000	7,804,340
	Costco Wholesale Corporation	110,330	5,889,415
	CVS Corporation	193,900	6,084,582
	Dean Foods (a)	31,600	1,323,724
	Estée Lauder Companies, Inc. (The), Class A	28,000	1,130,920
	General Mills Incorporated	83,900	4,767,198
	Green Mountain Coffee, Inc. (a)	1,300	51,441
	Hain Celestial Group, Inc. (The) (a)	9,500	268,185
	Heinz (H.J.) Company	78,793	3,321,913
	Hershey Foods Corporation	41,700	2,206,347
	Kellogg Company	57,700	2,902,887
	Kimberly-Clark Corporation	107,664	7,161,809
	Kroger Company	170,700	3,839,043
	Longs Drug Stores Corporation	6,600	284,064
	McCormick & Company, Inc.	31,300	1,170,620
	PepsiAmericas, Inc.	14,400	294,480
	PepsiCo, Inc.	387,970	24,612,817
	Procter & Gamble Company	748,487	47,446,591
	Safeway Inc.	105,700	3,103,352
	Smucker (J.M.) Company	13,605	666,645
	SUPERVALU, Inc.	47,580	1,589,172
	Sysco Corporation	146,300	5,117,574
	Tootsie Roll Industries, Inc.	6,337	201,390
	United Natural Foods, Inc. (a)	10,000	349,000
	Walgreen Company	237,559	10,376,577
	Whole Foods Market, Inc.	33,400	2,132,256
	Wild Oats Markets, Inc. (a)	6,550	117,769
	Wrigley (Wm.) Jr. Company	52,000	2,701,400
			178,587,199

Energy - 3.2%
	Anadarko Petroleum Corporation	108,470	5,035,177
	Apache Corporation	77,124	5,037,740
	Cameron International Corp. (a)	26,500	1,327,650
	Chesapeake Energy Corp	90,200	2,926,088
	Devon Energy Corporation	104,244	6,967,669
	EOG Resources, Inc.	57,200	3,805,516
	Helmerich & Payne, Inc.	25,000	598,750
	Kinder Morgan, Inc.	24,500	2,574,950
	National Oilwell Varco, Inc. (a)	41,200	2,488,480
	Newfield Exploration (a)	30,600	1,248,174
	Noble Energy, Inc.	42,000	2,042,460
	Ormat Technologies Inc.	1,800	69,120
	Pioneer Natural Resources Company	29,700	1,209,681
	Rowan Companies, Inc.	26,200	874,556
	Smith International	46,792	1,847,348
	Sunoco, Inc.	31,035	2,052,345
	Williams Companies, Inc.	140,477	3,431,853

	XTO Energy Inc.	85,593	3,993,769
			47,531,326

Financials - 22.6%
	AFLAC, Inc.	116,300	5,224,196
	Allied Capital Corporation	34,000	1,072,020
	AMBAC Financial Group, Inc.	25,200	2,103,948
	American Express Company	286,600	16,568,346
	AmSouth Bancorporation	81,000	2,447,820
	BB&T Corporation	127,100	5,531,392
	Capital One Financial Corporation	71,700	5,687,961
	Cathay General Bancorp	12,290	423,391
	Chicago Mercantile Exchange	8,300	4,158,300
	Chittenden Corporation	10,920	322,031
	Chubb Corporation	96,200	5,113,030
	Cincinnati Financial Corporation	40,417	1,845,036
	CIT Group	46,700	2,430,735
	Comerica Incorporated	38,100	2,217,039
	Edwards (A.G.), Inc.	18,187	1,037,568
	Equity Office Properties Trust	82,500	3,506,250
	Fannie Mae	228,196	13,522,895
	Fifth Third Bancorp	131,711	5,248,683
	First Horizon National Corporation	29,500	1,159,940
	FirstFed Financial Corp. (a)	4,100	253,257
	Franklin Resources, Inc.	39,000	4,444,440
	Freddie Mac	162,800	11,231,572
	Genl Growth Properties	57,434	2,980,825
	Hartford Financial Services Group (The)	71,800	6,258,806
	Heartland Financial USA, Inc.	3,000	85,980
	Janus Capital Group Inc.	49,126	986,450
	KeyCorp	95,000	3,528,300
	Lincoln National Corporation	67,859	4,296,153
	M&T Bank Corp.	18,490	2,252,267
	Maguire Properties Inc.	6,700	286,492
	Marsh & McLennan Companies, Inc.	129,600	3,815,424
	MBIA, Inc.	32,200	1,997,044
	Medallion Financial Corp.	3,400	40,630
	Mellon Financial Corporation	97,200	3,771,360
	Merrill Lynch & Co., Inc.	209,061	18,276,113
	MGIC Investment Corporation	20,100	1,181,076
	Moody's Corporation	55,800	3,699,540
	Morgan (J.P.) Chase & Co.	817,151	38,765,643
	National City Corporation	141,700	5,278,325
	Northern Trust Corporation	43,500	2,554,320
	PNC Financial Services Group	70,000	4,902,100
	Popular Inc.	65,896	1,198,648
	Principal Financial Group, Inc.	64,000	3,615,360
	Progressive Corporation (The)	183,612	4,437,902

	ProLogis	57,800	3,657,006
	Regions Financial Corp. (New)	107,600	4,083,420
	SAFECO Corporation	27,700	1,611,863
	Schwab (Charles) Corporation	243,800	4,442,036
	SLM Corporation	97,200	4,731,696
	Sovereign Bancorp	83,955	2,003,166
	St. Paul Travelers Companies, Inc. (The)	162,364	8,301,671
	State Street Corporation	78,600	5,048,478
	SunTrust Banks, Inc.	86,200	6,808,938
	Synovus Financial Corporation	75,450	2,216,721
	T. Rowe Price Group, Inc.	62,300	2,947,413
	TradeStation Group, Inc. (a)	5,100	79,815
	U.S. Bancorp	417,821	14,139,063
	UnumProvident Corporation	81,600	1,614,048
	Wachovia Corporation	443,974	24,640,557
	Wainwright Bank & Trust Co.	1,056	11,690
	Washington Mutual, Inc.	227,942	9,641,947
	Wells Fargo & Company	792,396	28,756,051
	Wesco Financial Corporation	300	143,823
			334,638,010

Health Care - 13.7%
	Affymetrix Inc (a)	16,100	410,550
	Allergan, Inc.	35,805	4,135,478
	Amgen, Inc. (a)	275,753	20,932,410
	Bard (C.R.), Inc.	24,600	2,016,216
	Bausch & Lomb Incorporated	12,200	653,188
	Baxter International, Inc.	153,200	7,042,604
	Becton Dickinson and Company	58,200	4,075,746
	Biogen Idec Inc. (a)	80,850	3,848,460
	Biomet, Inc.	58,200	2,202,288
	Boston Scientific Corporation (a)	278,219	4,426,464
	CIGNA Corporation	26,100	3,053,178
	Cross Country Healthcare, Inc. (a)	5,200	100,672
	Dionex Corporation (a)	4,800	261,120
	Fisher Scientific International (a)	29,000	2,482,980
	Forest Laboratories, Inc. (a)	75,596	3,699,668
	Gen-Probe Inc. (a)	12,300	588,801
	Genzyme Corporation (a)	61,409	4,145,722
	Gilead Sciences (a)	107,800	7,427,420
	Health Management Association, Class A	56,900	1,120,930
	Hillenbrand Industries, Inc.	14,300	839,124
	Humana, Inc. (a)	39,200	2,352,000
	IMS Health, Inc.	48,013	1,337,162
	Invacare Corporation	7,700	168,091
	Invitrogen Corporation (a)	12,200	707,722
	Johnson & Johnson	689,537	46,474,793
	King Pharmaceuticals Inc. (a)	55,800	933,534

	Manor Care, Inc.	17,300	830,227
	McKesson HBOC, Inc.	71,120	3,562,401
	MedImmune, Inc. (a)	56,900	1,823,076
	Medtronic, Inc.	271,034	13,193,935
	Merck & Co., Inc.	512,000	23,255,040
	Millipore Corporation (a)	12,800	825,984
	Molina Healthcare Inc. (a)	2,900	113,767
	Mylan Laboratories, Inc.	50,075	1,026,538
	Patterson Companies, Inc. (a)	31,900	1,047,915
	Quest Diagnostics Incorporated	38,200	1,900,068
	St. Jude Medical, Inc. (a)	83,800	2,878,530
	Stryker Corporation	69,035	3,609,840
	Synovis Life Technologies, Inc. (a)	2,600	19,188
	Thermo Electron Corporation (a)	37,500	1,607,625
	UnitedHealth Group Incorporated	317,782	15,501,406
	Waters Corporation (a)	24,400	1,215,120
	Watson Pharmaceuticals (a)	24,300	653,913
	Zimmer Holdings, Inc. (a)	57,691	4,154,329
			202,655,223

Industrials - 6.8%
	3M Company	177,607	14,002,536
	Alaska Air Group, Inc. (a)	9,500	381,425
	American Power Conversion	39,500	1,194,085
	AMR Corporation (a)	50,200	1,422,668
	Apogee Enterprises, Inc.	6,700	107,803
	Avery Dennison Corporation	22,500	1,420,650
	Baldor Electric Company	7,000	224,560
	Banta Corporation	5,750	254,610
	Brady Corporation, Class A	12,000	444,000
	CLARCOR, Inc.	12,400	403,992
	Cooper Industries, Inc., Class A	21,800	1,950,010
	Cummins, Inc.	12,500	1,587,250
	Deere & Company	54,100	4,605,533
	Deluxe Corporation	11,200	253,904
	Donaldson Company, Inc.	16,900	634,595
	Donnelley (R.R.) & Sons Company	51,500	1,743,790
	Emerson Electric Company	95,800	8,085,520
	Energy Conversion Devices (a)	8,100	297,999
	Fastenal Company	28,700	1,154,888
	FedEx Corporation	72,300	8,281,241
	GATX Corporation	12,200	531,554
	Graco, Inc.	16,152	658,356
	Grainger (W.W.), Inc.	17,700	1,288,206
	Granite Construction Incorporated	8,225	428,523
	Herman Miller, Inc.	15,000	514,200
	HNI Corporation	11,900	535,143
	Hubbell Incorporated, Class B	14,460	716,059

	Ikon Office Solutions	30,800	459,228
	Illinois Tool Works, Inc.	97,900	4,692,347
	JetBlue Airways Corporation (a)	38,550	484,188
	Kadant Inc. (a)	3,700	101,010
	Kansas City Southern Industries, Inc. (a)	17,200	488,308
	Kelly Services, Inc.	5,075	146,059
	Lawson Products, Inc.	600	29,046
	Lincoln Electric Holdings, Inc.	10,100	621,049
	Masco Corporation	93,496	2,585,164
	Milacron, Inc. (a)	12,633	11,370
	Monster Worldwide (a)	29,700	1,203,147
	Nordson Corporation	8,000	368,400
	Norfolk Southern Corporation	98,000	5,151,860
	Pall Corp.	28,600	912,340
	Pitney Bowes, Inc.	52,200	2,438,262
	Robert Half International, Inc.	40,700	1,487,585
	Ryder System, Inc.	14,700	773,955
	Smith (A.O.) Corporation	5,200	182,832
	Southwest Airlines Co.	187,262	2,814,548
	SPX Corporation	13,730	789,750
	Standard Register Company	3,200	43,296
	Steelcase, Inc.	13,300	220,381
	Tennant Company	4,600	127,190
	Thomas & Betts Corporation (a)	12,400	638,972
	Toro Company	9,700	418,652
	Trex Company, Inc. (a)	2,600	68,692
	United Parcel Service, Inc., Class B	255,159	19,226,230
	YRC Worldwide Inc. (a)	13,180	510,593
			100,117,554

Information Technology - 19.1%
	3Com Corporation (a)	93,700	455,382
	Adaptec, Inc. (a)	27,400	124,122
	ADC Telecommunications (a)	27,828	398,219
	Adobe Systems Incorporated (a)	136,600	5,224,950
	Advanced Micro Devices, Inc. (a)	115,500	2,456,685
	Advent Software, Inc. (a)	4,200	155,484
	Analog Devices, Inc.	83,900	2,669,698
	Andrew Corporation (a)	38,000	351,880
	Apple Computer, Inc. (a)	200,654	16,269,026
	Applied Materials, Inc.	329,000	5,721,310
	Arrow Electronics, Inc. (a)	29,000	865,650
	Autodesk, Inc. (a)	55,100	2,024,925
	Automatic Data Processing, Inc.	131,074	6,480,299
	BMC Software, Inc. (a)	48,700	1,476,097
	CDW Corporation	14,200	932,514
	Ceridian Corporation (a)	32,400	763,668
	Cisco Systems, Inc. (a)	1,436,858	34,671,384

	Coherent, Inc. (a)	7,700	248,171
	Compuware Corporation (a)	86,000	691,440
	Convergys Corp. (a)	31,900	676,599
	Dell Inc. (a)	535,394	13,026,136
	Electronic Arts Inc. (a)	72,300	3,823,947
	Electronic Data Systems Corporation	122,200	3,095,326
	EMC Corporation (a)	539,900	6,613,775
	Entegris, Inc. (a)	32,800	367,688
	Gerber Scientific, Inc. (a)	5,700	83,277
	Hewlett-Packard Company	645,310	24,999,309
	Imation Corporation	7,900	361,583
	Intel Corporation	1,359,155	29,004,368
	Itron, Inc. (a)	6,100	332,084
	Lexmark International Group, Inc. (a)	23,400	1,488,006
	LSI Logic Corporation (a)	95,000	954,750
	Lucent Technologies, Inc. (a)	1,049,192	2,549,537
	Merix Corporation (a)	4,750	42,750
	Micron Technology, Inc. (a)	167,900	2,426,155
	Microsoft Corporation	2,036,210	58,459,589
	Molex Incorporated	33,546	1,170,755
	National Semiconductor Corporation	70,900	1,722,161
	Novell, Inc. (a)	62,500	375,000
	Novellus Systems, Inc. (a)	29,300	810,145
	Palm Inc. (a)	21,108	324,008
	Paychex, Inc.	78,700	3,107,076
	Plantronics Inc.	11,000	232,210
	Polycom Inc. (a)	21,000	575,400
	Qualcomm, Inc.	389,500	14,173,905
	Red Hat, Inc. (a)	45,400	743,652
	Salesforce.com, Inc. (a)	20,100	784,302
	Sapient Corporation (a)	19,800	107,910
	Solectron Corporation (a)	217,400	726,116
	Sun Microsystems, Inc. (a)	826,300	4,486,809
	Symantec Corporation (a)	235,200	4,666,368
	Tektronix, Inc.	19,900	604,363
	Tellabs, Inc. (a)	105,600	1,113,024
	Texas Instruments, Inc.	361,362	10,905,905
	Xerox Corporation (a)	225,400	3,831,800
	Xilinx, Inc.	80,800	2,061,208
			282,807,900

Materials - 1.8%
	Air Products & Chemicals, Inc.	52,400	3,650,708
	Airgas, Inc.	16,800	635,208
	Aleris International, Inc. (a)	7,500	386,325
	Bemis Company, Inc.	24,900	837,138
	Cabot Corporation	14,900	589,295
	Calgon Carbon Corporation (a)	10,100	46,662

	Caraustar Industries, Inc. (a)	7,200	77,976
	Chaparral Steel Company	11,200	465,808
	Crown Holdings, Inc. (a)	39,900	775,656
	Ecolab, Inc.	42,500	1,927,375
	Fuller (H.B.) Company	14,200	352,018
	Lubrizol Corporation	16,300	733,500
	MeadWestvaco Corp.	43,112	1,186,442
	Minerals Technologies, Inc.	4,700	259,252
	Nucor Corporation	73,193	4,275,203
	Praxair, Inc.	76,400	4,603,100
	Rock-Tenn Company, Class A	7,800	160,992
	Rohm & Haas Company	34,087	1,766,388
	Schnitzer Steel Industries Inc., Class A	5,300	185,288
	Sealed Air Corporation	18,800	1,118,976
	Sigma-Aldrich Corporation	15,800	1,186,738
	Sonoco Products Company	23,545	835,377
	Valspar Corporation	24,200	648,318
	Wausau-Mosinee Paper Corporation	10,700	145,092
	Wellman, Inc.	4,400	16,588
	Worthington Industries, Inc.	17,100	295,488
			27,160,911

Telecommunication Services - 6.2%
	AT&T Inc.	914,167	31,310,220
	BellSouth Corporation	428,279	19,315,383
	Citizens Communications Company	75,167	1,101,948
	Sprint Corp. - FON Group	704,599	13,168,955
	Telephone and Data Systems, Inc.	24,900	1,216,365
	Verizon Communications	684,022	25,308,814
			91,421,685

Utilities - 0.9%
	AGL Resources, Inc.	18,500	693,750
	Cascade Natural Gas Corporation	2,900	74,646
	Cleco Corporation	12,200	313,540
	Energen Corporation	17,200	736,504
	Equitable Resources, Inc.	27,900	1,130,508
	IDACORP, Inc.	10,200	402,186
	KeySpan Corporation	41,600	1,688,128
	MGE Energy, Inc.	5,100	174,420
	National Fuel Gas Company	19,100	714,340
	NICOR, Inc.	10,300	473,388
	NiSource, Inc.	64,847	1,508,990
	Northwest Natural Gas Company	6,500	268,905
	OGE Energy Corporation	21,600	833,328
	Peoples Energy Corporation	9,100	397,579
	Pepco Holdings, Inc.	45,300	1,151,526

Domini Social Equity Trust (formerly Domini Social Index Trust) (the ‘‘Equity Trust’’) is a series of Domini Social Trust (formerly Domini Social Index Portfolio) (the ‘‘Trust’’) which is registered under the Investment Company Act of 1940 as a diversified, open-end management investment company that was organized as a trust under the laws of the State of New York on June 7, 1989. The Equity Trust intends to correlate its investment portfolio as closely as is practicable with the Domini 400 Social Index,^SM which is a common stock index developed and maintained by KLD Research & Analytics, Inc. The Declaration of Trust permits the Trustees to issue an unlimited number of beneficial interests in the Equity Trust. The Equity Trust commenced operations effective on August 10, 1990, and began investment operations on June 3, 1991.

The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. The following is a summary of the Index Trust’s significant accounting policies.

(A) Valuation of Investments. The Equity Trust values securities listed or traded on national securities exchanges at the last sale price or, if there have been no sales that day, at the mean of the current bid and ask price that represents the current value of the security. Securities listed on the NASDAQ National Market System are valued using the NASDAQ Official Closing Price (NOCP). If an NOCP is not available for a security listed on the NASDAQ National Market System, the security will be valued at the last sale price or, if there have been no sales that day, at the mean of the current bid and ask price. Equity Trust securities for which there are no such quotations or valuations are valued at fair value as determined in good faith by or at the direction of the Equity Trust’s Board of Trustees.

(B) Investment Transactions and Investment Income. Investment transactions are accounted for on the trade date. Realized gains and losses from security transactions are determined on the basis of identified cost. Dividend income is recorded on the ex-dividend date.

(C) Federal Taxes. The Equity Trust will be treated as a partnership for U.S. federal income tax purposes and is therefore not subject to U.S. federal income tax. As such, each investor in the Equity Trust will be taxed on its share of the Equity Trust’s ordinary income and capital gains. It is intended that the Equity Trust will be managed in such a way that an investor will be able to satisfy the requirements of the Internal Revenue Code applicable to regulated investment companies.

(D) Subsequent Event. Effective November 30, 2006, the Domini Social Equity Trust will be actively managed and submanaged by Wellington Management Company, LLP.

Certifications for each principal executive and principal financial officer as required by Rule 30a-2(a) under the Investment Company Act of 1940, as amended, (17 CFR 270.30a-2(a)) are filed herewith.

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated.

Questar Corporation	20,400	1,662,192
Southern Union Company	24,021	664,901
WGL Holdings	11,200	363,440
		13,252,271

Total Investment 99.6%
(Cost $1,061,841,736) (b)		$ 1,475,855,362

Other Assets, less liabilities - 0.4%		5,654,147
		$ 1,481,509,509


(a) Non-income producing security
(b) The aggregate cost for federal income tax purposes is $1,175,232,479. The aggregate gross unrealized appreciation is $358,660,441, and the aggregate gross unrealized depreciation is $58,037,558, resulting in net unrealized appreciation of $300,622,883.

Domini Social Equity Trust
Portfolio of Investments
October 31, 2006 (unaudited)