Domini Social Trust NCSR Certified annual shareholder report (management investment company)

Domini Social Trust Inactive N-CSRCertified annual shareholder report (management investment company)

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

FORM N-CSR

CERTIFIED SHAREHOLDER REPORT OF REGISTERED
MANAGEMENT INVESTMENT COMPANIES

Investment Company Act File Number 811-5824

DOMINI SOCIAL TRUST
(Exact Name of Registrant as Specified in Charter)

536 Broadway, 7^th Floor, New York, New York 10012
(Address of Principal Executive Offices)

Amy L. Domini
Domini Social Investments LLC
536 Broadway, 7^th Floor
New York, New York 10012
(Name and Address of Agent for Service)

Registrant’s Telephone Number, including Area Code: 212-217-1100

Date of Fiscal Year End: July 31

Date of Reporting Period: January 31, 2006

Item 1. Reports to Stockholders.

A copy of the report transmitted to stockholders pursuant to Rule 30e-1 under the Investment Company Act of 1940 follows.

Investing For Good^SM

Domini Social Index Trust
Domini European Social Equity Trust

each a series of
Domini Social Trust

Semi-Annual Report
January 31, 2006 (Unaudited)

Domini Social Index Trust

Portfolio of Investments

January 31, 2006 (unaudited)

Security	Shares		Value
Consumer Discretionary 14.7%
American Greetings Corporation, Class A		16,300	$	332,683
AutoZone, Inc. (a)		14,231		1,391,080
Bandag, Inc.		2,400		107,088
Bed Bath & Beyond (a)		76,400		2,858,124
Best Buy Co., Inc.		105,200		5,329,432
Black & Decker Corp.		20,200		1,743,260
Bright Horizons Family Solutions, Inc. (a)		6,400		250,112
Centex Corporation		32,600		2,327,314
Champion Enterprises, Inc. (a)		20,200		276,942
Charming Shoppes, Inc. (a)		24,400		296,704
Circuit City Stores, Inc.		39,400		993,274
Claire's Stores, Inc.		26,000		823,160
Comcast Corporation, Class A (a)		556,058		15,469,534
Cooper Tire and Rubber Company		17,400		260,826
Dana Corporation		39,500		192,365
Darden Restaurants, Inc.		33,100		1,345,846
DeVry, Inc. (a)		15,000		344,850
Disney (Walt) Company (The)		492,300		12,460,113
Dollar General Corporation		81,551		1,378,212
Dow Jones & Company		15,400		585,354
eBay Inc. (a)		292,572		12,609,853
Emmis Communications Corporation, Class A (a)		8,860		157,619
Family Dollar Stores Inc.		40,500		969,975
Foot Locker, Inc.		40,600		922,432
Gaiam, Inc. (a)		2,200		31,350
Gap Inc.		146,897		2,657,367
Genuine Parts Company		44,700		1,901,091
Harley-Davidson, Inc.		70,400		3,768,512
Harman International Industries, Inc.		16,920		1,861,200
Hartmarx Corporation (a)		8,500		72,420
Home Depot, Inc. (The)		544,144		22,065,039
Horton (D.R.), Inc.		70,133		2,617,364
Interface, Inc., Class A (a)		11,400		107,160
Johnson Controls, Inc.		49,400		3,420,456
Consumer Discretionary (Continued)
KB Home		20,300	$	1,546,860
Lee Enterprises, Inc.		10,900		383,571
Leggett & Platt, Incorporated		46,300		1,139,906
Limited Brands		89,630		2,120,646
Liz Claiborne, Inc.		28,000		972,160
Lowe's Companies, Inc.		200,200		12,722,710
Mattel, Inc.		103,985		1,715,753
Maytag Corporation		18,700		322,014
McDonald's Corporation		322,100		11,276,721
McGraw-Hill Companies		96,400		4,920,256
Media General, Inc., Class A		5,600		267,960
Men's Wearhouse, Inc. (a)		13,050		445,919
Meredith Corporation		10,200		558,552
Modine Manufacturing Company		8,700		235,770
New York Times Company, Class A		36,800		1,041,440
Newell Rubbermaid, Inc.		70,978		1,677,920
NIKE, Inc., Class B		49,100		3,974,645
Nordstrom, Inc.		55,800		2,327,976
Office Depot (a)		79,400		2,632,110
Omnicom Group, Inc.		46,000		3,762,340
Penney (J.C.) Company, Inc.		59,500		3,320,100
Pep Boys – Manny, Moe & Jack		14,000		218,400
Phillips-Van Heusen Corporation		9,300		336,009
Pixar (a)		14,000		808,920
Pulte Homes, Inc.		55,200		2,202,480
Radio One, Inc. (a)		5,800		63,104
RadioShack Corporation		33,700		748,140
Ruby Tuesday, Inc.		15,800		452,038
Russell Corporation		8,300		126,824
Scholastic Corporation (a)		9,700		291,485
Scripps (E.W.) Company (The), Class A		21,400		1,034,476
Snap-On Incorporated		15,050		603,957
Spartan Motors, Inc.		3,100		32,922
Stanley Works		18,200		892,528

Domini Social Index Trust / Portfolio of Investments (Continued)

January 31, 2006 (unaudited)

Security	Shares		Value
Consumer Discretionary (Continued)
Staples, Inc.		186,784	$	4,428,649
Starbucks Corporation (a)		196,514		6,229,494
Stride Rite Corporation		10,800		156,276
Target Corporation		225,000		12,318,750
Tiffany & Co.		36,100		1,360,970
Timberland Company (The) (a)		13,400		468,464
Time Warner, Inc.		1,194,520		20,939,936
TJX Companies, Inc.		118,600		3,027,858
Tribune Company		66,756		1,936,592
Tupperware Corporation		12,400		275,280
Univision Communications, Inc., Class A (a)		57,200		1,821,248
Valassis Communications Inc. (a)		12,300		343,170
Value Line, Inc.		900		31,275
Visteon Corporation		34,000		178,500
Washington Post Company, Class B		1,500		1,144,469
Wendy's International, Inc.		30,100		1,774,394
Whirlpool Corporation		17,500		1,411,899
				224,951,947
Consumer Staples 11.7%
Alberto-Culver Company, Class B		19,750		874,925
Albertson's, Inc.		93,400		2,349,010
Avon Products, Inc.		117,000		3,313,440
Campbell Soup Company		48,500		1,451,605
Chiquita Brands International, Inc.		10,800		195,588
Church & Dwight Co., Inc.		15,600		574,080
Clorox Company		38,400		2,298,240
Coca-Cola Company		530,400		21,947,952
Colgate-Palmolive Company		132,500		7,272,925
Costco Wholesale Corporation		121,230		6,048,165
CVS Corporation		209,700		5,821,272
Estée Lauder Companies, Inc. (The), Class A		27,200		991,984
General Mills Incorporated		91,400		4,442,954
Consumer Staples (Continued)
Green Mountain Coffee, Inc. (a)		1,800	$	68,940
Hain Celestial Group, Inc. (The) (a)		8,700		202,797
Heinz (H.J.) Company		86,200		2,925,628
Hershey Foods Corporation		46,600		2,385,920
Kellogg Company		66,100		2,835,690
Kimberly-Clark Corporation		120,264		6,869,480
Kroger Company (a)		185,700		3,416,880
Longs Drug Stores Corporation		6,200		216,938
McCormick & Company, Inc.		34,900		1,054,329
Nature's Sunshine Products, Inc.		3,990		70,463
PepsiAmericas, Inc.		16,400		401,636
PepsiCo, Inc.		425,070		24,305,503
Procter & Gamble Company		859,516		50,909,133
Safeway Inc.		115,700		2,712,008
Smucker (J.M.) Company		15,105		657,068
SUPERVALU, Inc.		35,800		1,143,094
Sysco Corporation		159,700		4,899,596
Tootsie Roll Industries, Inc.		6,638		192,834
United Natural Foods, Inc. (a)		10,000		323,300
Walgreen Company		259,000		11,209,520
Whole Foods Market, Inc.		35,200		2,600,224
Wild Oats Markets, Inc. (a)		6,550		79,189
Wrigley (Wm.) Jr. Company		45,900		2,935,763
				179,998,073
Energy 3.7%
Anadarko Petroleum Corporation		60,685		6,543,057
Apache Corporation		84,824		6,406,757
Chesapeake Energy Corp		75,700		2,652,528
Cooper Cameron Corp. (a)		28,400		1,374,276
Devon Energy Corporation		113,644		7,751,657
EOG Resources, Inc.		62,200		5,258,388
Helmerich & Payne, Inc.		13,000		1,018,680

Domini Social Index Trust / Portfolio of Investments (Continued)

January 31, 2006 (unaudited)

Security	Shares		Value
Energy (Continued)
Kinder Morgan, Inc.		27,100	$	2,608,375
National Oilwell Varco, Inc. (a)		44,900		3,415,543
Noble Energy, Inc.		45,000		2,082,600
Pioneer Natural Resources Company		32,700		1,736,370
Rowan Companies, Inc.		28,700		1,286,621
Smith International		51,600		2,322,000
Sunoco, Inc.		34,800		3,312,960
Williams Companies, Inc.		146,800		3,499,712
XTO Energy Inc.		93,100		4,569,348
				55,838,872
Financials 21.2%
AFLAC, Inc.		128,800		6,047,160
Allied Capital Corporation		34,600		986,446
AMBAC Financial Group, Inc.		27,000		2,073,870
American Express Company		318,000		16,679,100
AmSouth Bancorporation		88,900		2,454,529
BB&T Corporation		139,500		5,446,080
Capital One Financial Corporation		77,100		6,422,430
Cathay General Bancorp		12,790		456,731
Chittenden Corporation		11,920		338,170
Chubb Corporation		51,500		4,859,025
Cincinnati Financial Corporation		45,017		2,050,074
Comerica Incorporated		42,500		2,357,475
Edwards (A.G.), Inc.		19,187		912,726
Equity Office Properties Trust		104,600		3,328,372
Fannie Mae		247,865		14,361,298
Fifth Third Bancorp		142,911		5,369,166
First Horizon National Corporation		32,800		1,242,136
FirstFed Financial Corp. (a)		4,500		282,150
Franklin Resources, Inc.		38,100		3,752,850
Freddie Mac		176,800		11,997,648
General Growth Properties		61,434		3,169,994
Golden West Financial		65,500		4,625,610
Hartford Financial Services Group (The)		77,300		6,356,379
Heartland Financial USA, Inc.		3,000		64,860
Janus Capital Group Inc.		54,226		1,132,781
Financials (Continued)
Jefferson-Pilot Corporation		34,025	$	1,984,678
KeyCorp		104,600		3,701,794
Lincoln National Corporation		44,600		2,432,038
M&T Bank Corp.		20,400		2,209,320
Maguire Properties Inc.		7,900		267,020
Marsh & McLennan Companies, Inc.		140,100		4,257,639
MBIA, Inc.		34,500		2,123,820
Medallion Financial Corp.		4,300		49,149
Mellon Financial Corporation		107,300		3,784,471
Merrill Lynch & Co., Inc.		235,392		17,670,877
MGIC Investment Corporation		23,100		1,524,831
Moody's Corporation		63,200		4,001,824
Morgan (J.P.) Chase & Co.		896,992		35,655,432
National City Corporation		140,500		4,802,290
Northern Trust Corporation		47,800		2,495,638
PNC Financial Services Group		75,000		4,864,500
Popular Inc.		69,896		1,419,588
Principal Financial Group, Inc.		72,100		3,400,236
Progressive Corporation (The)		50,800		5,336,032
Regions Financial Corp. (New)		117,700		3,905,286
SAFECO Corporation		32,200		1,682,450
Schwab (Charles) Corporation		263,400		3,895,686
SLM Corporation		107,500		6,015,700
Sovereign Bancorp		91,000		1,983,800
St. Paul Travelers Companies, Inc. (The)		177,164		8,039,702
State Street Corporation		83,600		5,054,456
SunTrust Banks, Inc.		92,400		6,601,980
Synovus Financial Corporation		81,150		2,245,421
T. Rowe Price Group, Inc.		33,100		2,529,833
TradeStation Group, Inc. (a)		5,100		90,219
U.S. Bancorp		465,021		13,908,778

Domini Social Index Trust / Portfolio of Investments (Continued)

January 31, 2006 (unaudited)

Security	Shares		Value
Financials (Continued)
UnumProvident Corporation		75,800	$	1,541,014
Wachovia Corporation		398,043		21,824,698
Wainwright Bank & Trust Co.		2,625		27,038
Washington Mutual, Inc.		252,442		10,683,345
Wells Fargo & Company		428,606		26,727,870
Wesco Financial Corporation		400		155,017
				325,660,530
Health Care 13.5%
Affymetrix Inc (a)		16,700		637,606
Allergan, Inc.		33,905		3,946,542
Amgen, Inc. (a)		316,153		23,044,392
Bard (C.R.), Inc.		27,000		1,712,340
Bausch & Lomb Incorporated		13,600		918,680
Baxter International, Inc.		159,400		5,873,890
Becton Dickinson and Company		64,800		4,199,040
Biogen Idec Inc. (a)		86,950		3,891,013
Biomet, Inc.		64,100		2,423,621
Boston Scientific Corporation (a)		151,400		3,311,118
CIGNA Corporation		32,100		3,903,360
Cross Country Healthcare, Inc. (a)		3,800		75,088
Dionex Corporation (a)		5,600		296,968
Fisher Scientific International (a)		31,800		2,126,466
Forest Laboratories, Inc. (a)		86,700		4,012,476
Genzyme Corporation (a)		66,500		4,717,510
Guidant Corporation		85,438		6,288,237
Hillenbrand Industries, Inc.		15,500		762,910
Humana, Inc. (a)		41,900		2,336,763
IMS Health, Inc.		59,613		1,466,480
Invacare Corporation		7,700		266,343
Invitrogen Corporation (a)		13,300		916,104
Johnson & Johnson		762,780		43,890,361
King Pharmaceuticals Inc. (a)		63,500		1,190,625
Manor Care, Inc.		19,800		774,180
McKesson HBOC, Inc.		79,120		4,193,360
Health Care (Continued)
MedImmune, Inc. (a)		63,400	$	2,163,208
Medtronic, Inc.		309,800		17,494,406
Merck & Co., Inc.		560,200		19,326,900
Millipore Corporation (a)		13,700		942,286
Molina Healthcare Inc. (a)		5,300		140,238
Mylan Laboratories, Inc.		55,975		1,102,708
Quest Diagnostics Incorporated		42,700		2,110,661
St. Jude Medical, Inc. (a)		94,300		4,632,959
Stryker Corporation		75,100		3,747,490
Synovis Life Technologies, Inc. (a)		2,600		26,260
Thermo Electron Corporation (a)		41,800		1,406,152
UnitedHealth Group Incorporated		349,434		20,763,368
Waters Corporation (a)		28,000		1,174,600
Watson Pharmaceuticals (a)		26,300		870,267
Zimmer Holdings, Inc. (a)		63,600		4,385,219
				207,462,195
Industrials 6.6%
3M Company		194,600		14,157,150
Alaska Air Group, Inc. (a)		6,900		220,317
American Power Conversion		43,400		1,028,580
AMR Corporation (a)		35,200		799,040
Apogee Enterprises, Inc.		7,400		136,604
Avery Dennison Corporation		28,300		1,690,642
Baldor Electric Company		6,000		179,280
Banta Corporation		6,550		334,836
Brady Corporation, Class A		12,000		477,240
CLARCOR, Inc.		12,900		439,632
Cooper Industries, Inc., Class A		23,300		1,902,445
Cummins, Inc.		12,200		1,187,060
Deere & Company		61,900		4,441,944
Deluxe Corporation		13,100		350,818
Donaldson Company, Inc.		16,900		583,895
Donnelley (R.R.) & Sons Company		56,000		1,825,600
Emerson Electric Company		105,000		8,132,250

Domini Social Index Trust / Portfolio of Investments (Continued)

January 31, 2006 (unaudited)

Security	Shares		Value
Industrials (Continued)
Fastenal Company		32,400	$	1,236,060
FedEx Corporation		77,500		7,839,125
GATX Corporation		12,600		500,346
Graco, Inc.		17,952		721,311
Grainger (W.W.), Inc.		19,800		1,404,414
Granite Construction Incorporated		7,725		312,708
Herman Miller, Inc.		17,300		524,190
HNI Corporation		14,100		813,570
Hubbell Incorporated, Class B		15,060		676,947
Ikon Office Solutions		32,800		387,696
Illinois Tool Works, Inc.		52,700		4,442,083
JetBlue Airways Corporation (a)		38,550		502,692
Kadant Inc. (a)		3,700		71,188
Kansas City Southern Industries, Inc. (a)		18,900		491,022
Kelly Services, Inc.		5,075		135,909
Lawson Products, Inc.		400		16,896
Lincoln Electric Holdings, Inc.		11,000		489,610
Masco Corporation		109,300		3,240,745
Milacron, Inc. (a)		12,633		17,181
Monster Worldwide (a)		31,200		1,330,992
Nordson Corporation		8,000		363,360
Norfolk Southern Corporation		104,200		5,193,328
Pall Corp.		31,100		895,680
Pitney Bowes, Inc.		58,200		2,487,468
Robert Half International, Inc.		44,300		1,618,279
Ryder System, Inc.		15,800		706,260
Smith (A.O.) Corporation		5,200		224,068
Southwest Airlines Co.		179,662		2,957,237
SPX Corporation		17,230		822,043
Standard Register Company		4,700		85,305
Steelcase, Inc.		13,300		224,105
Tennant Company		2,300		124,660
Thomas & Betts Corporation (a)		12,800		571,520
Toro Company		10,800		477,468
Trex Company, Inc. (a)		3,700		92,426
United Parcel Service, Inc., Class B		282,633		21,172,038
YRC Worldwide Inc. (a)		14,780		736,635
				101,793,898
Information Technology 20.3%
3Com Corporation (a)		103,000	$	470,710
Adaptec, Inc. (a)		27,400		149,056
ADC Telecommunications (a)		30,028		761,510
Adobe Systems Incorporated		154,800		6,148,656
Advanced Micro Devices, Inc. (a)		103,500		4,332,510
Advent Software, Inc. (a)		4,200		110,292
Analog Devices, Inc.		93,900		3,734,403
Andrew Corporation (a)		43,800		568,086
Apple Computer, Inc. (a)		215,800		16,295,058
Applied Materials, Inc.		414,700		7,900,035
Arrow Electronics, Inc. (a)		31,000		1,065,160
Autodesk, Inc.		59,800		2,427,282
Automatic Data Processing, Inc.		148,474		6,523,948
BMC Software, Inc. (a)		55,400		1,224,340
CDW Corporation		16,500		924,000
Ceridian Corporation (a)		38,300		945,244
Cisco Systems, Inc. (a)		1,574,414		29,236,868
Coherent, Inc. (a)		7,700		238,392
Compuware Corporation (a)		98,800		814,112
Convergys Corp. (a)		35,500		610,600
Dell Inc. (a)		602,786		17,667,658
Electronic Arts Inc. (a)		76,800		4,191,744
Electronic Data Systems Corporation		134,300		3,383,017
EMC Corporation (a)		611,200		8,190,080
Entegris, Inc. (a)		20,000		210,000
Gerber Scientific, Inc. (a)		5,700		63,384
Hewlett-Packard Company		733,910		22,883,314
Imation Corporation		9,100		412,503
Intel Corporation		1,545,555		32,873,955
Lexmark International Group, Inc. (a)		30,300		1,471,671
LSI Logic Corporation (a)		102,300		936,045
Lucent Technologies, Inc. (a)		1,144,492		3,021,459
Merix Corporation (a)		3,750		30,563

Domini Social Index Trust / Portfolio of Investments (Continued)

January 31, 2006 (unaudited)

Security	Shares		Value
Information Technology (Continued)
Micron Technology, Inc. (a)		159,100	$	2,335,588
Microsoft Corporation		2,346,030		66,040,745
Molex Incorporated		36,946		1,117,617
National Semiconductor Corporation		87,700		2,474,017
Novell, Inc. (a)		100,000		974,000
Novellus Systems, Inc. (a)		34,300		972,405
Palm Inc. (a)		11,604		458,126
Paychex, Inc.		85,900		3,122,465
Plantronics Inc.		11,000		385,000
Polycom Inc. (a)		24,300		470,934
Qualcomm, Inc.		421,200		20,200,752
Red Hat, Inc. (a)		40,700		1,178,265
Salesforce.com, Inc. (a)		17,500		718,375
Sapient Corporation (a)		15,500		102,300
Scientific-Atlanta, Inc.		39,000		1,667,640
Solectron Corporation (a)		235,200		898,464
Sun Microsystems, Inc. (a)		876,300		3,943,350
Symantec Corporation (a)		278,400		5,116,992
Tektronix, Inc.		22,100		651,950
Tellabs, Inc. (a)		113,700		1,454,223
Texas Instruments, Inc.		414,178		12,106,422
Xerox Corporation (a)		246,200		3,523,121
Xilinx, Inc.		88,900		2,503,423
				312,231,829
Materials 1.7%
Air Products & Chemicals, Inc.		56,800		3,503,992
Airgas, Inc.		17,800		690,284
Aleris International, Inc. (a)		7,900		328,798
Bemis Company, Inc.		28,000		854,560
Cabot Corporation		16,300		639,286
Calgon Carbon Corporation		10,100		73,326
Caraustar Industries, Inc. (a)		7,200		78,336
Crown Holdings, Inc. (a)		43,200		808,272
Ecolab, Inc.		46,800		1,675,908
Engelhard Corporation		31,400		1,265,420
Fuller (H.B.) Company		7,300		275,867
Lubrizol Corporation		18,100		827,894
MeadWestvaco Corp.		45,812		1,222,722
Materials (Continued)
Minerals Technologies, Inc.		5,300	$	296,111
Nucor Corporation		40,100		3,377,623
Praxair, Inc.		82,900		4,367,172
Rock-Tenn Company, Class A		9,000		125,820
Rohm & Haas Company		36,587		1,862,278
Schnitzer Steel Industries Inc., Class A		5,800		193,952
Sealed Air Corporation (a)		21,000		1,160,670
Sigma-Aldrich Corporation		17,000		1,102,960
Sonoco Products Company		25,645		794,226
Valspar Corporation		26,200		713,164
Wausau-Mosinee Paper Corporation		10,500		133,875
Wellman, Inc.		4,400		31,240
Worthington Industries, Inc.		17,100		352,773
				26,756,529
Telecommunication Services 5.4%
AT&T Inc.		1,001,167		25,980,284
BellSouth Corporation		469,300		13,501,761
Citizens Communications Company		86,767		1,064,631
Sprint Nextel Corporation		756,800		17,323,152
Telephone and Data Systems, Inc.		26,000		931,580
Verizon Communications		748,622		23,701,372
				82,502,780
Utilities 0.8%
AGL Resources, Inc.		20,600		737,068
Cascade Natural Gas Corporation		2,900		58,406
Cleco Corporation		12,200		267,546
Energen Corporation		19,400		756,988
Equitable Resources, Inc.		30,700		1,132,830
IDACORP, Inc.		11,300		357,758
KeySpan Corporation		44,800		1,609,216
MGE Energy, Inc.		4,400		151,844

Domini Social Index Trust / Portfolio of Investments (Continued)

January 31, 2006 (unaudited)

Security	Shares		Value
Utilities (Continued)
National Fuel Gas Company		21,800	$	717,220
NICOR, Inc.		11,400		466,260
NiSource, Inc.		71,347		1,464,754
Northwest Natural Gas Company		6,500		231,335
OGE Energy Corporation		24,200		657,030
Peoples Energy Corporation		9,400		349,868
Pepco Holdings, Inc.		49,500		1,138,995
Questar Corporation		22,000		1,792,560
Southern Union Company (a)		25,521		643,129
WGL Holdings		12,600		392,868
				12,925,675
Total Investments — 99.6%
(Cost $1,223,232,958)(b)				1,530,122,328
Other Assets, less liabilities — 0.4%				6,183,253
Net Assets — 100.0%			$	1,536,305,581

(a)

Non-income producing security.

(b)

The aggregate cost for federal income tax purposes is $1,332,211,911. The aggregate gross unrealized appreciation is $424,058,756 and the aggregate gross unrealized depreciation is $226,148,339, resulting in net unrealized appreciation of $197,910,417.

Copyright in the Domini 400 Social Index^SM is owned by KLD Research & Analytics, Inc., and the Index is reproduced here by permission. No portion of the Index may be reproduced or distributed by any means or in any medium without the express written consent of the copyright owner.

SEE NOTES TO FINANCIAL STATEMENTS

Domini Social Index Trust

Statement of Assets and Liabilities

January 31, 2006 (Unaudited)


ASSETS:
Investments at value (Cost $1,223,232,958)	$	1,530,122,328
Cash		2,002,275
Receivable for securities sold		3,064,025
Dividends receivable		2,172,009
Total assets		1,537,360,637
LIABILITIES:
Payable for securities purchased		718,342
Management fee payable (Note 2)		262,887
Other accrued expenses		73,827
Total liabilities		1,055,056
NET ASSETS APPLICABLE TO INVESTORS' BENEFICIAL INTERESTS	$	1,536,305,581

SEE NOTES TO FINANCIAL STATEMENTS

Domini Social Index Trust

Statement of Operations

Six Months Ended January 31, 2006 (Unaudited)

INVESTMENT INCOME:
Dividends				$	13,063,934


EXPENSES:
Management fee (Note 2)	$	1,555,270
Custody fees (Note 3)		80,665
Professional fees		13,980
Trustees fees		29,162
Miscellaneous		4,870
Total expenses		1,683,947
Fees paid indirectly (Note 3)		(50,478	)
Net expenses					1,633,469
NET INVESTMENT INCOME					11,430,465
Net realized loss on investments:
Proceeds from sales	$	229,688,347
Cost of securities sold		(253,474,723	)
Net realized loss on investments					(23,786,376	)
Net changes in unrealized appreciation of investments:
Beginning of period	$	243,472,010
End of period		306,889,370
Net change in unrealized appreciation					63,417,360
NET INCREASE IN NET ASSETS RESULTING FROM OPERATIONS				$	51,061,449

SEE NOTES TO FINANCIAL STATEMENTS

Domini Social Index Trust

Statements of Changes in Net Assets

	Six Months Ended January 31, 2006			Year Ended July 31, 2005
		(UNAUDITED)
INCREASE IN NET ASSETS:
From Operations:
Net investment income			$11,430,465		$30,432,256
Net realized loss on investments			(23,786,376)		(44,227,615)
Net change in unrealized appreciation of investments			63,417,360		185,523,361
Net Increase in Net Assets Resulting from Operations			51,061,449		171,728,002
Transactions in Investors' Beneficial Interest:
Additions			143,616,049		238,673,782
Reductions			(270,340,480)		(325,346,892)
Net Increase/(Decrease) in Net Assets from Transactions in Investors' Beneficial Interests			(126,724,431)		(86,673,110)
Total Increase/(Decrease) in Net Assets			(75,662,982)		85,054,892
NET ASSETS:
Beginning of period			1,611,968,563		1,526,913,671
End of period			$1,536,305,581		$1,611,968,563

SEE NOTES TO FINANCIAL STATEMENTS

Domini Social Index Trust

Financial Highlights

	Six Months Ended January 31, 2006 (Unaudited)			Year Ended July 31,
	Six Months Ended January 31, 2006 (Unaudited)				2005			2004			2003			2002			2001
Net assets (in millions)		$1,536				$1,612			$1,527			$1,318			$1,239			$1,729
Total return		3.50%				11.48%			12.01%			12.13%			(22.71)%			(17.28)%
Ratio of net investment income to average net assets (annualized)		1.47%				1.92%			1.25%			1.32%			1.02%			0.78%
Ratio of expenses to average net assets (annualized)		0.21	%⁽²⁾			0.22	%⁽²⁾		0.24	%⁽²⁾		0.23	%⁽¹⁾⁽²⁾		0.22	%⁽²⁾		0.22	%⁽²⁾
Portfolio turnover rate		7%				9%			8%			8%			13%			19%

(1)

Reflects an expense reimbursement and fee waiver by the Manager of 0.01% for the year ended July 31, 2003. Had the Manager not waived its fee and reimbursed expenses, the ratio of expenses to average net assets would have been 0.24% for the year ended July 31, 2003.

(2)

Ratio of expenses to average net assets includes indirectly paid expenses. Excluding indirectly paid expenses, the expense ratios would have been 0.22%, 0.23%, 0.24%, 0.23%, 0.22%, and 0.21% for the six months ended January 31, 2006, and for the years ended July 31, 2005, 2004, 2003, 2002, and 2001, respectively.

SEE NOTES TO FINANCIAL STATEMENTS

DOMINI SOCIAL INDEX TRUST

NOTES TO FINANCIAL STATEMENTS

JANUARY 31, 2006 (UNAUDITED)

1. ORGANIZATION AND SIGNIFICANT ACCOUNTING POLICIES

Domini Social Index Trust (the "Portfolio") 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 and was organized as a trust under the laws of the State of New York on June 7, 1989. The Portfolio intends to correlate its investment portfolio as closely as is practicable with the Domini 400 Social Index,^SMwhich 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 Portfolio. The Portfolio commenced operations effective on August 10, 1990, and began investment operations on June 3, 1991. The Domini European Social Equity Trust, another series of the Trust, commenced operations on October 3, 2005.

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 Portfolio's significant accounting policies.

(A) Valuation of Investments. The Portfolio 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. Portfolio 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 Portfolio's Board of Trustees.

(B) Dividend Income. Dividend income is recorded on the ex-dividend date.

(C) Federal Taxes. The Portfolio 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 Portfolio will be taxed on its

share of the Portfolio's ordinary income and capital gains. It is intended that the Portfolio 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) Other. Investment transactions are accounted for on the trade date. Gains and losses are determined on the basis of identified cost.

2. TRANSACTIONS WITH AFFILIATES

(A) Manager. Domini Social Investments LLC (Domini) is registered as an investment adviser under the Investment Advisers Act of 1940. The services provided by Domini consist of investment supervisory services, overall operational support, and administrative services. The administrative services include the provision of general office facilities and supervising the overall administration of the Portfolio. For its services under the Management Agreement, Domini receives from the Portfolio a fee accrued daily and paid monthly at an annual rate equal to 0.20% of the Portfolio's average daily net assets.

(B) Submanager. SSgA Funds Management, Inc. (SSgA) provides investment submanagement services to the Portfolio on a day-to-day basis pursuant to a Submanagement Agreement with Domini. SSgA does not determine the composition of the Domini 400 Social Index.^SM The Index's composition is determined by KLD Research & Analytics, Inc.

3. INVESTMENT TRANSACTIONS

For the six months ended January 31, 2006, cost of purchases and proceeds from sales of investments, other than U.S. government securities and short-term obligations, aggregated $112,254,457 and $229,688,347, respectively. For the six months ended January 31, 2006, custody fees of the Portfolio were reduced by $50,478, which was compensation for uninvested cash left on deposit with the custodian.

Domini Social Index Trust—Notes to Financial Statements 13

Domini European Social Equity Trust

Portfolio of Investments

January 31, 2006 (Unaudited)

Country/ Security		Industry	Shares	Value
AUSTRIA – 1.1%
	OMV AG	Energy	3,723	$	262,887
					262,887
BELGIUM – 0.9%
	Fortis	Diversified Financials	5,829		202,648
					202,648
DENMARK – 2.4%
	A/S Dampskibsselskabet Torm A/S	Energy	6,273		308,195
	Danske Bank A/S	Banks	7,456		261,698
					569,893
FINLAND – 5.3%
	Kesko Oyj	Food & Staples Retailing	5,865		173,774
	Nokia Oyj	Technology Hardware & Equipment	34,035		621,997
	Sampo Oyj	Insurance	10,236		199,370
	TietoEnator Oyj	Software & Services	3,860		149,990
	Uponor Oyj	Capital Goods	4,406		108,716
					1,253,847
FRANCE – 12.6%
	Assurances Generales de France	Insurance	2,203		227,919
	BNP Paribas	Banks	8,046		717,137
	Ciments Francais SA	Materials	1,252		174,075
	CNP Assurances	Insurance	3,342		290,161
	Natexis Banques Populaires	Banks	899		168,224
	Neopost SA	Technology Hardware & Equipment	1,018		102,292
	Sanofi-Aventis	Pharmaceuticals & Biotechnology	5,101		467,639
	Societe Generale	Banks	4,227		557,940
	Vivendi Universal SA	Media	8,161		255,477
					2,960,864
GERMANY – 11.9%
	Adidas-Salomon AG	Consumer Durables & Apparel	748		156,318
	Allianz AG	Insurance	3,298		531,232
	Celesio AG	Health Care Equipment & Services	1,942		181,697
	Continental AG	Automobiles & Components	2,030		197,449
	Deutsche Post AG	Transportation	3,312		93,264
	Douglas Holding AG	Retailing	6,580		291,958
	Fresenius AG	Health Care Equipment & Services	3,130		471,294
	Linde AG	Materials	2,921		237,505
	Merck KGaA	Pharmaceuticals & Biotechnology	3,495		374,908
	Schering AG	Pharmaceuticals & Biotechnology	3,611		246,866
					2,782,491
IRELAND – 0.9%
	Bank of Ireland	Banks	11,100		190,320
	Depfa Bank plc	Banks	1,217		20,822
					211,142

Domini European Social Equity Trust / Portfolio of Investments (Continued)

January 31, 2006 (Unaudited)

Country/ Security		Industry	Shares	Value
ITALY – 3.9%
	Banche Popolari Unite Scpa (a)	Banks	8,095	$	189,714
	Fiat S.p.A. (a)	Automobiles & Components	40,237		394,299
	Italcementi S.p.A.	Materials	3,484		66,378
	Seat Pagine Gialle S.p.A (a)	Media	511,383		266,397
					916,788
LUXEMBOURG – 3.2%
	Arcelor	Materials	21,208		744,258
					744,258
NETHERLANDS – 11.7%
	ABN AMRO Holding NV	Banks	12,368		343,172
	Aegon N.V.	Insurance	34,961		564,627
	ING Groep N.V.	Diversified Financials	13,221		471,514
	Koninklijke (Royal) KPN NV	Telecommunication Services	51,392		496,122
	Oce N.V.	Technology Hardware & Equipment	6,095		107,465
	Unilever NV	Food Beverage & Tobacco	10,115		709,323
	Wolters Kluwer NV	Media	2,806		62,081
					2,754,304
NORWAY – 6.1%
	DNB Nor ASA	Banks	14,750		165,057
	Hafslund ASA	Utilities	1,907		23,918
	Norsk Hydro ASA	Energy	293		35,934
	Orkla ASA	Food Beverage & Tobacco	7,004		278,790
	Statoil ASA	Energy	31,324		861,021
	Telenor ASA	Telecommunication Services	7,578		75,979
					1,440,699
SPAIN – 1.7%
	Corporacion Financiera Alba, S.A.	Diversified Financials	1,325		63,586
	Corporacion Mapfre S.A.	Insurance	10,659		191,042
	Sacyr Vallehermoso S.A.	Capital Goods	5,644		143,718
					398,346
SWEDEN – 6.4%
	AB SKF (a)	Capital Goods	1,720		24,055
	Atlas Copco AB (a)	Capital Goods	1,016		21,480
	Electrolux AB	Consumer Durables & Apparel	2,600		69,310
	Eniro AB	Media	3,900		50,703
	ForeningsSparbanken AB	Banks	10,488		298,178
	Nordea Bank AB	Banks	46,072		494,594
	Scania AB	Capital Goods	3,245		127,838
	Skanska AB	Capital Goods	7,988		123,778
	SSAB Svenskt Stal AB	Materials	2,200		95,192
	Svenska Handelsbanken AB	Banks	7,755		190,435
					1,495,563

Domini European Social Equity Trust / Portfolio of Investments (Continued)

January 31, 2006 (Unaudited)

Country/ Security		Industry	Shares	Value
SWITZERLAND – 3.2%
	Logitech International S.A. (a)	Technology Hardware & Equipment	3,428	$	145,431
	Novartis AG	Pharmaceuticals & Biotechnology	1,867		102,305
	Rieter Holding A.G.	Automobiles & Components	811		266,514
	Swisscom AG	Telecommunication Services	757		232,076
					746,326
UNITED KINGDOM – 26.6%
	Aggreko plc	Commercial Services & Supplies	84,913		415,785
	Arriva plc	Transportation	42,591		444,354
	Aviva PLC	Insurance	17,147		219,581
	Barratt Developments plc	Consumer Durables & Apparel	16,634		294,905
	BG Group Plc	Energy	2,586		29,186
	Brambles Industries plc	Commercial Services & Supplies	25,891		187,176
	GlaxoSmithKline plc	Pharmaceuticals & Biotechnology	4,125		105,428
	HBOS plc	Banks	17,312		304,156
	HSBC Holdings plc	Banks	14,234		236,291
	Inchcape plc	Retailing	3,365		141,924
	Kelda Group PLC	Utilities	33,070		460,224
	Man Group plc	Diversified Financials	8,982		326,307
	Marks & Spencer Group plc	Retailing	52,031		449,440
	National Express Group plc	Transportation	10,860		168,700
	National Grid PLC	Utilities	65,098		665,864
	Northern Rock plc	Banks	8,136		150,534
	Pilkington plc	Capital Goods	115,734		320,892
	Rexam plc	Materials	6,000		54,387
	Royal & Sun Alliance Insurance Group plc	Insurance	75,569		168,562
	Royal Bank of Scotland Group plc	Banks	677		20,937
	Scottish Power plc	Utilities	37,267		379,535
	Taylor Woodrow plc	Consumer Durables & Apparel	69,063		478,722
	Tomkins plc	Capital Goods	17,246		94,026
	Yell Group PLC	Media	12,196		115,482
					6,232,398
Total Investments — 97.9% (Cost $20,889,379)(b)					22,972,454
Other Assets, less liabilities — 2.1%					491,606
Net Assets — 100.0%				$	23,464,060

(a)

Non-income producing security.

(b)

The aggregate cost for federal income tax purposes is $20,889,379. The aggregate gross unrealized appreciation is $2,126,959 and the aggregate gross unrealized depreciation is $43,884, resulting in net unrealized appreciation of $2,083,075.

SEE NOTES TO FINANCIAL STATEMENTS

Domini European Social Equity Trust

Statement of Assets and Liabilities

January 31, 2006 (Unaudited)


ASSETS:
Investments at value (Cost $20,888,476)	$	22,972,454
Cash		619,847
Receivable for securities sold		832,736
Dividends receivable		1,109
Total assets		24,426,146
LIABILITIES:
Payable for securities purchased		948,332
Management fee payable (Note 2)		12,842
Other accrued expenses		912
Total liabilities		962,086
NET ASSETS APPLICABLE TO INVESTORS' BENEFICIAL INTERESTS	$	23,464,060

SEE NOTES TO FINANCIAL STATEMENTS

Domini European Social Equity Trust

Statement of Operations

For the Period October 3, 2005 (commencement of Operations) through January 31, 2006 (Unaudited)


INVESTMENT INCOME:
Dividends (net of foreign taxes of $1,126)			$	26,482
EXPENSES:
Management fee (Note 2)	35,482
Custody fees (Note 3)	50,296
Professional fees	12,765
Trustees fees	177
Miscellaneous	917
Total expenses	99,637
Fees paid indirectly (Note 3)	(6,602	)
Fees waived and expenses reimbursed (Note 2)	(56,641	)
Net expenses				36,394
NET INVESTMENT LOSS				(9,912	)
Realized and unrealized gain (loss) from investments and foreign currency:
Net realized GAIN/(LOSS) FROM:
Investments	11,109
Foreign currency transactions	89,117
Net realized gain				100,226
Net change in unrealized appreciation ON:
Investments	2,083,978
Translation of assets and liabilities in foreign currencies	(98	)
Net change in unrealized appreciation				2,083,880
Net realized and unrealized gain from investments and foreign currency				2,184,106
NET INCREASE IN NET ASSETS RESULTING FROM OPERATIONS			$	2,174,194

SEE NOTES TO FINANCIAL STATEMENTS

Domini European Social Equity Trust

Statement of Changes in Net Assets

	For the period October 3, 2005 (commencement of operations) through January 31, 2006 (Unaudited)
INCREASE IN NET ASSETS:
From Operations:
Net investment loss		$(9,912)
Net realized gain/(loss) from investments and foreign currency transactions		100,226
Net change in unrealized appreciation of investments and translation of assets and liabilities in foreign currencies		2,083,880
Net Increase in Net Assets Resulting from Operations		2,174,194
Transactions in Investors' Beneficial Interest:
Additions		21,505,460
Reductions		(215,594)
Net Increase/(Decrease) in Net Assets from Transactions in Investors' Beneficial Interests		21,289,866
Total Increase/(Decrease) in Net Assets		23,464,060
NET ASSETS:
Beginning of period		—
End of period		$23,464,060

SEE NOTES TO FINANCIAL STATEMENTS

Domini European Social Equity Trust

Financial Highlights

				For the period October 3, 2005 (commencement of operations) through January 31, 2006 (Unaudited)
	Net assets (in millions)			$23
	Total return			12.40%*
	Ratio of net investment loss to average net assets (annualized)			(0.21)%
	Ratio of expenses to average net assets (annualized)			0.76%⁽¹⁾⁽²⁾
	Portfolio turnover rate			18%

Not annualized.

(1)

Reflects an expense reimbursement and fee waiver by the Manager of 1.19% for the period ended January 31, 2006. Had the Manager not waived its fee and reimbursed expenses, the ratio of expenses to average net assets would have been 2.09% for the period ended January 31, 2006.

(2)

Ratio of expenses to average net assets includes indirectly paid expenses. Excluding indirectly paid expenses, the expense ratio would have been 0.90% for the period ended January 31, 2006.

SEE NOTES TO FINANCIAL STATEMENTS

DOMINI EUROPEAN SOCIAL EQUITY TRUST

NOTES TO Financial statements
january 31, 2006 (UNAUDITED)

1. ORGANIZATION AND SIGNIFICANT ACCOUNTING POLICIES

Domini European Social Equity Trust (European Trust) is a series of Domini Social Trust (formerly Domini Social Index Portfolio), 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 Declaration of Trust permits the Trustees to issue an unlimited number of beneficial interests in the European Trust. The European Trust was designated as a series of the Domini Social Trust on August 1, 2005, and commenced operations on October 3, 2005. The European Trust invests primarily in stocks of European companies that meet a comprehensive set of social and environmental standards.

(A) Valuation of Investments. Securities listed or traded on national securities exchanges are 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 which represents the current value of the security. Securities listed on the NASDAQ National Market System are valued using the NASDAQ Official Closing Price (the "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. 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 Board of Trustees.

Securities that are primarily traded on foreign exchanges generally are valued at the closing price of such securities on their respective exchanges, except that if the European Trust's Manager or Submanager, as applicable, is of the opinion that such price would result in an inappropriate value for a security, including as a result of an occurrence subsequent to the time a value was so established, then the fair value of those securities may be determined by consideration of other factors by or under the direction of the Board of Trustees or its delegates. In valuing assets, prices

denominated in foreign currencies are converted to U.S. dollar equivalents at the current exchange rate.

(B) Foreign Currency Translation. Securities and other assets and liabilities denominated in foreign currencies are translated into U.S. dollar amounts on the date of valuation. Purchases and sales of securities, and income and expense items denominated in foreign currencies are translated into U.S. dollar amounts on the respective dates of such transactions. Occasionally, events may impact the availability or reliability of foreign exchange rates used to convert the U.S. dollar equivalent value. If such an event occurs, the foreign exchange rate will be valued at fair value using procedures established and approved by the Board of Trustees.

The European Trust does not separately report the effect of fluctuations in foreign exchange rates from changes in market prices on securities held. Such fluctuations are included with the net realized and unrealized gain or loss from investments.

Realized foreign exchange gains or losses arise from sales of foreign currencies, currency gains or losses realized between the trade and settlement dates on securities transactions and the difference between the recorded amounts of dividends, interest, and foreign withholding taxes and the U.S. dollar equivalent of the amounts actually received or paid. Net unrealized foreign exchange gains and losses arise from changes in fair value of assets and liabilities other than investments in securities held at the end of the reporting period, resulting from changes in exchange rates.

(C) Foreign Currency Contracts. When the European Trust purchases or sells foreign securities it may enter into foreign exchange contracts to minimize foreign exchange risk from the trade date to the settlement date of the transactions. A foreign exchange contract is an agreement between two parties to exchange different currencies at an agreed upon exchange rate on a specified date.

(D) Dividend Income. Dividend income is recorded on the ex-dividend date.

(E) Federal Taxes. The European 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 European Trust will be taxed on its share of the European Trust's ordinary income and capital gains. It is intended that the European 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.

(F) Other. Investment transactions are accounted for on the trade date. Gains and losses are determined on the basis of identified cost.

2. TRANSACTIONS WITH AFFILIATES

(A) Manager. Domini Social Investments LLC (Domini) is registered as an investment adviser under the Investment Advisers Act of 1940. The

22 Domini European Social Equity Trust — Notes to Financial Statements

services provided by Domini consist of investment supervisory services, overall operational support, and administrative services. The administrative services include the provision of general office facilities and supervising the overall administration of the European Trust. For its services under the Management Agreement, Domini receives from the European Trust a fee accrued daily and paid monthly at an annual rate equal to 0.75% of the European Trust's average daily net assets. For the period ended January 31, 2006, Domini waived fees and reimbursed expenses totaling $56,641.

(B) Submanager. Wellington Management Company, LLP (Wellington) provides investment submanagement services to the European Trust on a day-to-day basis pursuant to a Submanagement Agreement with Domini.

3. INVESTMENT TRANSACTIONS

For the period ended January 31, 2006, cost of purchases and proceeds from sales of investments, other than U.S. government securities and short-term obligations, aggregated $23,044,653 and $2,259,741, respectively. For the period ended January 31, 2006, custody fees of the European Trust were reduced by $6,602, which was compensation for uninvested cash left on deposit with the custodian.

Domini European Social Equity Trust — Notes to Financial Statements 23

BOARD OF TRUSTEES' CONSIDERATION OF MANAGEMENT AND SUBMANAGEMENT AGREEMENTS

Approval of the Management Agreement between Domini European Social Equity Trust and Domini

At a meeting held on July 22, 2005, the Board of Trustees considered the approval of the Management Agreement between the Domini European Social Equity Trust (the "European Equity Trust") and Domini Social Investments LLC ("Domini") (the "European Equity Trust Management Agreement") ("the "Management Agreement").

In advance of the meeting, the Independent Trustees submitted to Domini a written request for information in connection with their consideration of the management and distribution arrangements for the European Equity Trust. The Trustees received, reviewed and considered, among other things:

(i) A report based on information provided by Strategic Insight that compared the proposed fees and expenses of the European Equity Trust to those of a peer group of socially responsible funds with a global or international objective (per Morningstar) and the top ten (measured by assets under management), non-socially responsible funds that focus on investing in European stocks (per Morningstar) as of April 30, 2005.

(ii) A report from Domini regarding the proposed investment strategies and techniques for the European Equity Trust, including the proposed social screens to be applied to the European Equity Trust's investments.

(iii) Reports from and presentations by Domini that described (a) the nature, extent and quality of the services proposed to be provided by Domini to the European Equity Trust, (b) the fees and other amounts proposed to be paid to Domini under the Management Agreement for the European Equity Trust, including information as to the fees charged and services provided to other clients, (c) certain information about Domini's compliance program and procedures and any regulatory issues, (d) brokerage practices, including soft dollar practices, (e) Domini's proxy voting policies and procedures, and (f) Domini's code of ethics.

The Trustees, including all of the Independent Trustees, concluded that Domini had the capabilities, resources, and personnel necessary to manage the European Equity Trust. The Board further concluded that, based on the services to be provided by Domini to the European Equity Trust pursuant to the Management Agreement, the fees paid by similar funds and taking into account the agreed-upon fee waivers and such other

matters as the Trustees considered relevant in the exercise of their reasonable judgment, the compensation proposed to be paid to Domini under that Agreement was fair and reasonable.

In reaching their determination to approve the Management Agreement, the Trustees considered a variety of factors they believed relevant and balanced a number of considerations. In their deliberations, the Trustees did not identify any particular information or factor that was all-important or controlling. The primary factors and the conclusions are described below.

Nature, Quality, and Extent of Services Provided

The Trustees noted that pursuant to the Management Agreement, Domini, subject to the direction of the Board, will be responsible for providing advice and guidance with respect to the European Equity Trust and for managing the investment of the assets of the European Equity Trust, which it will do by engaging and overseeing the activities of Wellington Management. It was noted that Domini will apply the social screens to a portfolio of securities provided by Wellington Management and that Wellington Management will provide the day-to-day portfolio management of the European Equity Trust, including making purchases and sales of socially screened portfolio securities consistent with the European Equity Trust's investment objective and policies. The terms of the Management Agreements were reviewed by the Trustees.

The Trustees considered the scope of the services to be provided by Domini under the Management Agreements and the quality of services provided by Domini to the other Domini Funds. They considered the professional experience, tenure, and qualifications of the portfolio management teams proposed for the European Equity Trust and the other senior personnel at Domini. They also considered Domini's capabilities and experience in the development and application of social and environmental screens and its reputation and leadership in the socially responsible investment community. In addition, they considered Domini's compliance policies and procedures and compliance record.

The Trustees noted that Domini will also administer the European Equity Trust's business and other affairs pursuant to the Management Agreement. It was noted that, among other things, Domini will provide the European Equity Trust with office space, administrative services and personnel as are necessary for operations. The Trustees considered the quality of the administrative services Domini provided to the other Domini Funds, including Domini's role in coordinating the activities of service providers.

The Trustees concluded that they were satisfied with the nature, quality and extent of services to be provided by Domini to the European Equity Trust under the Management Agreement.

Fees and Other Expenses

The Trustees considered the advisory fees to be paid by the European Equity Trust to Domini. The Trustees considered the level of the European Equity Trust's advisory and administrative fees versus the Strategic Insight peer group described above, as well as the European Equity Trust's expected total expense ratio compared to those peers.

The Trustees also reviewed the fees that Domini charges its other clients with investment objectives similar to the investment objective of the European Equity Trust. The Trustees noted that Domini (and not the European Equity Trust) will pay Wellington Management from its advisory fee for the European Equity Trust.

The Trustees considered that, based on the information provided by Strategic Insight, the management fee for the European Equity Trust was within the range of the management fees of its peer group. The Trustees also considered that, after giving effect to Domini's waiver of a portion of its fee, the fees paid by the European Equity Trust was lower than the management fees paid by most of the funds in the peer group.

The Trustees also considered the expected total expense ratios of the European Equity Trust and compared them, after giving effect to Domini's waivers of fees, to the total expense ratios of the peer group. They concluded that the expected total expense ratio of the European Equity Trust was in the range of expense ratios of the peer group.

Other Benefits

The Trustees considered the other benefits that Domini and its affiliates could be expected to receive from their relationship with the European Equity Trust.

The Trustees reviewed the character and amount of payments expected to be received by Domini and its affiliates, other than in respect of the Management Agreement, in respect of the European Equity Trust. The Trustees also considered the brokerage practices of Domini. In addition, the Trustees considered the intangible benefits that may accrue to Domini and its affiliates by virtue of their relationship with the European Equity Trust.

The Trustees concluded that the benefits expected to be received by Domini and its affiliates, as outlined above, were reasonable in the context of the relationship between Domini and Wellington Management and the European Equity Trust.

Economies of Scale

The Trustees also considered whether economies of scale would be realized by Domini as the European Equity Trust got larger and the extent to which economies of scale were reflected in the proposed fee schedules. The

Trustees noted that while no breakpoints were currently being proposed, the European Equity Trust will be newly established and will not likely grow to a size at which breakpoints would be appropriate for some time. The Trustees also considered the fee waivers proposed by Domini. They concluded that the fee schedule as proposed was appropriate but noted that they would consider whether breakpoints should be instituted for the European Equity Trust as European Equity Trust assets increased.

Approval of the Submanagement Agreement between Domini and Wellington Management Company LLP

At a meeting held on July 22, 2005, the Board of Trustees considered the approval of the Submanagement Agreement between Domini and Wellington Management Company LLP ("Wellington Management") with respect to the European Equity Trust.

(iii) Reports from and presentations by Domini regarding the process by which they decided to propose Wellington Management as the submanager of the European Equity Trust and a summary of the reference checks performed by Domini on Wellington Management.

(iv) Reports from and presentations by Wellington Management that described (a) the nature, extent and quality of the services proposed to be provided by Wellington Management to the European Equity Trust, (b) the fees and other amounts proposed to be paid to Wellington Management under the Submanagement Agreement with respect to the European Equity Trust, including information as to the fees charged and services provided to other Wellington Management clients, (c) certain information regarding Wellington Management's ownership structure, clients, and investment process, (d) certain information regarding Wellington Management's performance in managing similar accounts, (e) certain information about Wellington Management's compliance program and procedures and any

regulatory issues, (f) brokerage practices, including soft dollar practices, and (g) Wellington Management's code of ethics.

The Trustees, including all of the Independent Trustees, concluded that Wellington Management had the capabilities, resources, and personnel necessary to manage the European Equity Trust. The Board further concluded that, based on the services to be provided by Wellington Management to the European Equity Trust pursuant to the Submanagement Agreement, the fees paid by similar funds and taking into account the agreed-upon fee waivers and such other matters as the Trustees considered relevant in the exercise of their reasonable judgment, the compensation proposed to be paid to Wellington Management under the Submanagement Agreement was fair and reasonable.

In reaching their determination to approve the Submanagement Agreement, the Trustees considered a variety of factors they believed relevant and balanced a number of considerations. In their deliberations, the Trustees did not identify any particular information or factor that was all-important or controlling. The primary factors and the conclusions are described below.

Nature, Quality, and Extent of Services Provided

The Trustees noted that pursuant to the Management Agreement between the European Equity Trust and Domini, Domini, subject to the direction of the Board, will be responsible for providing advice and guidance with respect to the European Equity Trust and for managing the investment of the assets of the European Equity Trust, which it will do by engaging and overseeing the activities of Wellington Management. It was noted that Domini will apply the social standards to a universe of securities provided by Wellington Management and that Wellington Management will provide the day-to-day portfolio management of the European Equity Trust, including making purchases and sales of socially screened portfolio securities consistent with the European Equity Trust's investment objective and policies. The terms of the Submanagement Agreement was reviewed by the Trustees.

The Trustees considered the scope of the services to be provided by Wellington Management under the Submanagement Agreement and the quality of services provided by Wellington Management to its existing clients. They considered the professional experience, tenure, and qualifications of the portfolio management team proposed for the European Equity Trust and the other senior personnel at Wellington Management. They also considered Wellington Management's compliance policies and procedures and compliance record.

The Trustees concluded that they were satisfied with the nature, quality and extent of services to be provided by Wellington Management to the European Equity Trust under the Submanagement Agreement.

Fees and Other Expenses

The Trustees considered the submanagement fees to be paid by Domini to Wellington Management. The Trustees considered the level of the European Equity Trust's advisory fee versus the Strategic Insight peer group described above, as well as the European Equity Trust's expected total expense ratio compared to those peers.

The Trustees also reviewed the fees that Wellington Management charges its other clients with investment objectives similar to the investment objective of the European Equity Trust. The Trustees noted that Domini (and not the European Equity Trust) will pay Wellington Management from its advisory fee for the European Equity Trust. The Trustees also considered that the advisory fees Wellington Management receives with respect to its other similarly managed clients are within the general range of the submanagement fee it would receive with respect to the European Equity Trust.

The Trustees also considered the expected total expense ratio of the European Equity Trust and compared it, after giving effect to Domini's waivers of fees, to the total expense ratios of the peer group. They concluded that the expected total expense ratio of the European Equity Trust was in the range of expense ratios of the peer group.

Other Benefits

The Trustees considered the other benefits that Wellington Management and its affiliates could be expected to receive from their relationship with the European Equity Trust.

The Trustees also considered the brokerage practices of Wellington Management. In addition, the Trustees considered the intangible benefits that may accrue to Wellington Management and its affiliates by virtue of their relationship with the European Equity Trust.

The Trustees concluded that the benefits expected to be received by Wellington Management and its affiliates, as outlined above, were reasonable in the context of the relationship between Wellington Management and the European Equity Trust.

Economies of Scale

The Trustees also considered whether economies of scale would be realized by Wellington Management as the European Equity Trust got larger and

the extent to which economies of scale were reflected in the proposed fee schedules. The Trustees noted that while no breakpoints were currently being proposed, the European Equity Trust will be newly established and will not likely grow to a size at which breakpoints would be appropriate for some time. The Trustees also considered the fee waivers proposed by Domini. They concluded that the fee schedule as proposed was appropriate but noted that they would consider whether breakpoints should be instituted for the European Equity Trust as European Equity Trust assets increased.

Performance Information

The Trustees reviewed information provided to them by Wellington Management regarding the performance of Wellington Management's European and other sector models for the 2004 calendar year, as well as for the five years ended December 31, 2004. The Trustees also reviewed Wellington Management's Global Intersection investment returns for the one-, three-, and five-year periods ended June 30, 2005, and since inception through June 30, 2005. They compared those returns to the returns of the MSCI Europe Index, the proposed benchmark for the European Equity Trust, and other relevant benchmarks for the same periods. While noting the differences between the investment objectives and strategies of the European Equity Trust from those of the models and Global Intersection, the Trustees concluded that the performance of the models and the Global Intersection were acceptable when compared to the relevant benchmarks.

PROXY VOTING INFORMATION

The Domini Funds’ Proxy Voting Policies and Procedures are available, free of charge, by calling 1-800-762-6814, by visiting www.domini.com/shareholder-advocacy/Proxy-Voting/index.htm, or by visiting the EDGAR database on the Securities and Exchange Commission’s (SEC) website at www.sec.gov. All proxy votes cast for the Domini Funds are posted to Domini’s website on an ongoing basis over the course of the year. An annual record of all proxy votes cast for the Funds during the most recent 12-month period ended June 30 can be obtained, free of charge, at www.domini.com, and on the EDGAR database on the SEC’s website at www.sec.gov.

QUARTERLY PORTFOLIO SCHEDULE INFORMATION

The Domini Funds file their complete schedule of portfolio holdings with the SEC for the first and third quarters of each fiscal year on Form N-Q. The Domini Funds’ Forms N-Q are available on the EDGAR database on the SEC’s website at www.sec.gov. These Forms may also be reviewed and copied at the SEC’s Public Reference Room in Washington, D.C. Information about the operation of the Public Reference Room may be obtained by calling 1-800-SEC-0330. The information on Form N-Q is also available to be viewed at www.domini.com.


Item 2.	Code of Ethics.

(a) Not applicable to a semi-annual report.


(c)	Not applicable.


(d)	Not applicable.


Item 3.	Audit Committee Financial Expert.

Not applicable to a semi-annual report.


Item 4.	Principal Accountant Fees and Services.

Not applicable to a semi-annual report.


Item 5.	Audit Committee of Listed Registrants.

Not applicable to the registrant.


Item 6.	Schedule of Investments.

The Schedule of Investments is included as part of the report to stockholders filed under Item 1.


Item 7.	Disclosure of Proxy Voting Policies and Procedures for Closed-End Management Investment Companies.

Not applicable to the registrant.


Item 8.	Portfolio Managers of Closed-End Management Investment Companies.

Not applicable to the registrant.


Item 9.	Purchases of Equity Securities by Closed-End Management Investment Company and Affiliated Purchasers.

Not applicable to the registrant.


Item 10.	Submission of Matters to a Vote of Security Holders.

There were no material changes to the procedures by which shareholders may submit recommendations for nominees to the registrant’s Board of Trustees.

Item 11. Controls and Procedures.

(a) Within 90 days prior to the filing of this report on Form N-CSR, Amy L. Domini, the registrant’s President and Principal Executive Officer, and Carole M. Laible, the registrant’s Treasurer and Principal Financial Officer, reviewed the registrant’s disclosure controls and procedures (as defined in Rule 30a-3(c) of the Investment Company Act of 1940) and evaluated their effectiveness. Based on their evaluation, Ms. Domini and Ms. Laible determined that the disclosure controls and procedures adequately ensure that information required to be disclosed by the registrant in this report on Form N-CSR is recorded, processed, summarized, and reported within the time periods required by the Securities and Exchange Commission’s rules and forms.

(b) There were no changes in the registrant’s internal control over financial reporting (as defined in Rule 30a-3(d) under the Investment Company Act of 1940) that occurred during the second fiscal quarter of the period covered by this report that have materially affected, or are reasonably likely to materially affect, the registrant’s internal control over financial reporting.

Item 12. Exhibits.

(a)(1) Not applicable to a semi-annual report.

(a)(2) Separate certifications required by Rule 30a-2(a) under the Investment Company Act of 1940 for each principal executive officer and principal financial officer of the registrant are filed herewith.

(a)(3) Not applicable to the registrant.

SIGNATURES

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.

DOMINI SOCIAL TRUST

Date: April 5, 2006

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.

Date: April 5, 2006

Date: April 5, 2006

/s/ Amy L. Domini

Amy L. Domini
President