  We construct realistic supergravity models where supersymmetry breaking
arises from the $D$-terms of an anomalous $U(1)$ gauge symmetry broken at the
Planck scale. The model has the attractive feature that the gaugino masses, the
$A$ and $B$ terms and the mass splittings between the like-charged squarks of
the first two generations compared to their average masses are all suppressed.
As a result, the electric dipole moment of the neutron as well as the flavor
changing neutral current effects are predicted to be naturally small. These
models predict naturally the expected value of the $\mu$-term and also have the
potential to qualitatively explain the observed mass hierarchy among quarks and
leptons.
