CRABBE HUSON FUNDS
NSAR-B, 1997-12-24
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<PAGE>      PAGE  1
000 B000000 10/31/97
000 C000000 1003129
000 D000000 N
000 E000000 NF
000 F000000 Y
000 G000000 N
000 H000000 N
000 I000000 3.0.a
000 J000000 A
001 A000000 CRABBE HUSON FUNDS
001 B000000 811-7427
001 C000000 5032950919
002 A000000 121 SW MORRISON, SUITE 1400
002 B000000 PORTLAND
002 C000000 OR
002 D010000 97204
003  000000 N
004  000000 N
005  000000 N
006  000000 N
007 A000000 Y
007 B000000  8
007 C010100  1
007 C020100 CRABBE HUSON SMALL CAP FUND
007 C030100 N
007 C010200  2
007 C020200 CRABBE HUSON OREGON-TAX FREE FUND
007 C030200 N
007 C010300  3
007 C020300 CRABBE HUSON ASSET ALLOCATION FUND
007 C030300 N
007 C010400  4
007 C020400 CRABBE HUSON EQUITY FUND
007 C030400 N
007 C010500  5
007 C020500 CRABBE HUSON INCOME FUND
007 C030500 N
007 C010600  6
007 C020600 CRABBE HUSON US GOVERNMENT INCOME FUND
007 C030600 N
007 C010700  7
007 C020700 CRABBE HUSON US GOVERNMENT MONEY MARKET FUND
007 C030700 N
007 C010800  8
007 C020800 CRABBE HUSON REAL ESTATE INVESTMENT FUND
007 C030800 N
007 C010900  9
007 C011000 10
010 A00AA01 STATE STREET BANK AND TRUST COMPANY
010 B00AA01 85-05003
010 C01AA01 BOSTON
<PAGE>      PAGE  2
010 C02AA01 MA
010 C03AA01 02110
011 A00AA01 CRABBE HUSON SECURITIES, INC.
011 B00AA01 8-13389
011 C01AA01 PORTLAND
011 C02AA01 OR
011 C03AA01 97204
012 A00AA01 STATE STREET BANK AND TRUST COMPANY
012 B00AA01 85-05003
012 C01AA01 BOSTON
012 C02AA01 MA
012 C03AA01 02110
013 A00AA01 KPMG PEAT MARWICK
013 B01AA01 SAN FRANCISCO
013 B02AA01 CA
013 B03AA01 94111
014 A00AA01 CRABBE HUSON SECURITIES, INC.
014 B00AA01 8-13389
015 A00AA01 INVESTORS FIDUCIARY TRUST COMPANY
015 B00AA01 C
015 C01AA01 KANSAS CITY
015 C02AA01 MO
015 C03AA01 64105
015 C04AA01 1716
015 E01AA01 X
018  00AA00 Y
019 A00AA00 Y
019 B00AA00    9
019 C00AA00 CRABBEHUSO
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020 B000001 13-5674085
020 C000001    192
020 A000002 INSTINET
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020 C000007     83
020 A000008 EXECUTIVE SERV
<PAGE>      PAGE  3
020 B000008 13-2615901
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020 A000010 SALOMON
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020 C000010     77
021  000000     1483
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022 C000001   7416883
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022 A000003 PRUDENTIAL SECURITIES
022 B000003 22-2347336
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022 A000005 DREYFUS
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022 C000007     36076
022 D000007      1146
022 A000008 SALOMON BROS
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022 C000008     12756
022 D000008      3701
022 A000009 CANTOR FITZGERALD
022 B000009 13-3681087
022 C000009      8233
022 D000009      4638
022 A000010 SPEAR LEADS
022 B000010 13-5515160
022 C000010      6341
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<PAGE>      PAGE  4
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<PAGE>      PAGE  5
077 D000000 N
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<PAGE>      PAGE  6
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<PAGE>      PAGE  7
048 B020100 0.850
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<PAGE>      PAGE  8
066 D000100 N
066 E000100 N
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068 A000100 N
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070 E010100 Y
070 E020100 N
070 F010100 Y
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070 G020100 N
070 H010100 Y
070 H020100 N
070 I010100 N
070 I020100 N
070 J010100 N
070 J020100 N
070 K010100 Y
070 K020100 Y
070 L010100 Y
070 L020100 Y
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070 M020100 N
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070 O010100 Y
070 O020100 N
070 P010100 N
070 P020100 N
070 Q010100 N
070 Q020100 N
070 R010100 N
070 R020100 N
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<PAGE>      PAGE  9
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<PAGE>      PAGE  10
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008 A000201 CRABBE HUSON GROUP, INC.
008 B000201 A
008 C000201 801-15154
008 D010201 PORTLAND
008 D020201 OR
008 D030201 97204
024  000200 N
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<PAGE>      PAGE  11
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045  000200 Y
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048 A020200 0.500
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048 B020200 0.450
048 C010200        0
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048 H020200 0.000
048 I010200        0
048 I020200 0.000
048 J010200        0
048 J020200 0.000
048 K010200   100000
048 K020200 0.400
055 A000200 Y
055 B000200 Y
056  000200 Y
057  000200 N
058 A000200 N
059  000200 Y
<PAGE>      PAGE  12
060 A000200 N
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062 E000200   0.0
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062 H000200   0.0
062 I000200   0.0
062 J000200   0.0
062 K000200   0.0
062 L000200   1.7
062 M000200   0.0
062 N000200   0.0
062 O000200  98.3
062 P000200   0.0
062 Q000200   0.0
062 R000200   0.0
063 A000200   0
063 B000200 10.1
064 A000200 Y
064 B000200 N
066 A000200 N
067  000200 N
068 A000200 N
068 B000200 N
069  000200 N
070 A010200 Y
070 A020200 Y
070 B010200 N
070 B020200 N
070 C010200 N
070 C020200 N
070 D010200 N
070 D020200 N
070 E010200 N
070 E020200 N
070 F010200 N
070 F020200 N
070 G010200 N
070 G020200 N
070 H010200 N
070 H020200 N
070 I010200 N
070 I020200 N
070 J010200 Y
070 J020200 N
070 K010200 Y
<PAGE>      PAGE  13
070 K020200 Y
070 L010200 Y
070 L020200 N
070 M010200 N
070 M020200 N
070 N010200 Y
070 N020200 N
070 O010200 Y
070 O020200 Y
070 P010200 Y
070 P020200 N
070 Q010200 N
070 Q020200 N
070 R010200 N
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<PAGE>      PAGE  14
072EE000200      153
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008 A000301 CRABBE HUSON GROUP, INC.
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025 A000301 JP MORGAN
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<PAGE>      PAGE  15
025 C000302 D
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<PAGE>      PAGE  16
048 A010300   100000
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055 A000300 Y
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<PAGE>      PAGE  17
066 A000300 Y
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070 H020300 N
070 I010300 N
070 I020300 N
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070 J020300 N
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070 K020300 Y
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<PAGE>      PAGE  18
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<PAGE>      PAGE  19
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<PAGE>      PAGE  20
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<PAGE>      PAGE  21
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<PAGE>      PAGE  22
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<PAGE>      PAGE  23
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<PAGE>      PAGE  24
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<PAGE>      PAGE  26
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<PAGE>      PAGE  27
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<PAGE>      PAGE  32
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<PAGE>      PAGE  35
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<PAGE>      PAGE  36
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028 D020800       212
028 D030800         0
028 D040800       918
028 E010800      4176
028 E020800         0
028 E030800         0
028 E040800       923
<PAGE>      PAGE  38
028 F010800      1997
028 F020800       254
028 F030800         0
028 F040800      4409
028 G010800      9969
028 G020800       466
028 G030800         0
028 G040800     10476
028 H000800         0
042 A000800  14
042 B000800   8
042 C000800   0
042 D000800  63
042 E000800   1
042 F000800   0
042 G000800   4
042 H000800  10
043  000800     78
044  000800      0
045  000800 Y
046  000800 N
047  000800 Y
048  000800  0.000
048 A010800   100000
048 A020800 1.000
048 B010800   400000
048 B020800 0.850
048 C010800        0
048 C020800 0.000
048 D010800        0
048 D020800 0.000
048 E010800        0
048 E020800 0.000
048 F010800        0
048 F020800 0.000
048 G010800        0
048 G020800 0.000
048 H010800        0
048 H020800 0.000
048 I010800        0
048 I020800 0.000
048 J010800        0
048 J020800 0.000
048 K010800   500000
048 K020800 0.600
055 A000800 Y
055 B000800 Y
056  000800 Y
057  000800 N
058 A000800 N
059  000800 Y
<PAGE>      PAGE  39
060 A000800 Y
060 B000800 Y
061  000800     2000
062 A000800 N
062 B000800   0.0
062 C000800   0.0
062 D000800   0.0
062 E000800   0.0
062 F000800   0.0
062 G000800   0.0
062 H000800   0.0
062 I000800   0.0
062 J000800   0.0
062 K000800   0.0
062 L000800   0.0
062 M000800   0.0
062 N000800   0.0
062 O000800   0.0
062 P000800   0.0
062 Q000800   0.0
062 R000800   0.0
063 A000800   0
063 B000800  0.0
066 A000800 Y
066 B000800 N
066 C000800 N
066 D000800 N
066 E000800 Y
066 F000800 N
066 G000800 N
067  000800 N
068 A000800 N
068 B000800 N
069  000800 N
070 A010800 Y
070 A020800 N
070 B010800 Y
070 B020800 N
070 C010800 Y
070 C020800 N
070 D010800 Y
070 D020800 N
070 E010800 Y
070 E020800 N
070 F010800 Y
070 F020800 N
070 G010800 Y
070 G020800 N
070 H010800 Y
070 H020800 N
070 I010800 N
<PAGE>      PAGE  40
070 I020800 N
070 J010800 Y
070 J020800 N
070 K010800 Y
070 K020800 Y
070 L010800 N
070 L020800 N
070 M010800 N
070 M020800 N
070 N010800 Y
070 N020800 Y
070 O010800 Y
070 O020800 Y
070 P010800 N
070 P020800 N
070 Q010800 N
070 Q020800 N
070 R010800 N
070 R020800 N
071 A000800     31194
071 B000800     23920
071 C000800     29896
071 D000800   80
072 A000800 12
072 B000800       43
072 C000800     1320
072 D000800        0
072 E000800       17
072 F000800      312
072 G000800       13
072 H000800        0
072 I000800       35
072 J000800       23
072 K000800        0
072 L000800        8
072 M000800        3
072 N000800       19
072 O000800        0
072 P000800        5
072 Q000800        0
072 R000800        6
072 S000800        3
072 T000800       78
072 U000800       39
072 V000800        0
072 W000800        6
072 X000800      550
072 Y000800       82
072 Z000800      912
072AA000800     4128
072BB000800      433
<PAGE>      PAGE  41
072CC010800     2969
072CC020800        0
072DD010800      909
072DD020800        0
072EE000800     1144
073 A010800   0.3800
073 A020800   0.0000
073 B000800   0.5100
073 C000800   0.0000
074 A000800        0
074 B000800        0
074 C000800     2302
074 D000800        0
074 E000800        0
074 F000800    31188
074 G000800        0
074 H000800        0
074 I000800     5714
074 J000800      463
074 K000800        0
074 L000800      309
074 M000800       47
074 N000800    40023
074 O000800        1
074 P000800        0
074 Q000800        0
074 R010800        0
074 R020800        0
074 R030800        0
074 R040800     5763
074 S000800        0
074 T000800    34259
074 U010800     2431
074 U020800        0
074 V010800    14.09
074 V020800     0.00
074 W000800   0.0000
074 X000800      721
074 Y000800        0
075 A000800        0
075 B000800    31165
076  000800     0.00
SIGNATURE   SHEILA TWIBLE                                
TITLE       ASSISTANT VICE PRES 
 


<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0001003129
<NAME> CRABBE HUSON FUNDS
<SERIES>
   <NUMBER> 011
   <NAME> CRABBE HUSON SMALL CAP FUND
       
<S>                             <C>
<PERIOD-TYPE>                   12-MOS
<FISCAL-YEAR-END>                          OCT-31-1997
<PERIOD-START>                             NOV-01-1996
<PERIOD-END>                               OCT-31-1997
<INVESTMENTS-AT-COST>                        104358009
<INVESTMENTS-AT-VALUE>                       114179547
<RECEIVABLES>                                   173646
<ASSETS-OTHER>                                  111190
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                               114464383
<PAYABLE-FOR-SECURITIES>                         80409
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                       165698
<TOTAL-LIABILITIES>                             246107
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                      93275638
<SHARES-COMMON-STOCK>                          2749895
<SHARES-COMMON-PRIOR>                          1738616
<ACCUMULATED-NII-CURRENT>                       239000
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                       10882100
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                       9821538
<NET-ASSETS>                                 114218276
<DIVIDEND-INCOME>                               292880
<INTEREST-INCOME>                               699836
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                (773884)
<NET-INVESTMENT-INCOME>                         218832
<REALIZED-GAINS-CURRENT>                      10883028
<APPREC-INCREASE-CURRENT>                      9736622
<NET-CHANGE-FROM-OPS>                         20838482
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                      (37544)
<DISTRIBUTIONS-OF-GAINS>                      (281168)
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                       41485452
<NUMBER-OF-SHARES-REDEEMED>                 (27110004)
<SHARES-REINVESTED>                             315372
<NET-CHANGE-IN-ASSETS>                        35210590
<ACCUMULATED-NII-PRIOR>                          49849
<ACCUMULATED-GAINS-PRIOR>                       379409
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                           628441
<INTEREST-EXPENSE>                                1085
<GROSS-EXPENSE>                                 938298
<AVERAGE-NET-ASSETS>                          28240426
<PER-SHARE-NAV-BEGIN>                            11.02
<PER-SHARE-NII>                                      0
<PER-SHARE-GAIN-APPREC>                           4.62
<PER-SHARE-DIVIDEND>                             (.02)
<PER-SHARE-DISTRIBUTIONS>                        (.14)
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              15.48
<EXPENSE-RATIO>                                   1.50
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        

</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0001003129
<NAME> CRABBE HUSON FUNDS
<SERIES>
   <NUMBER> 012
   <NAME> CRABBE HUSON SMALL CAP FUND
       
<S>                             <C>
<PERIOD-TYPE>                   12-MOS
<FISCAL-YEAR-END>                          OCT-31-1997
<PERIOD-START>                             NOV-01-1996
<PERIOD-END>                               OCT-31-1997
<INVESTMENTS-AT-COST>                        104358009
<INVESTMENTS-AT-VALUE>                       114179547
<RECEIVABLES>                                   173646
<ASSETS-OTHER>                                  111190
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                               114464383
<PAYABLE-FOR-SECURITIES>                         80409
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                       165698
<TOTAL-LIABILITIES>                             246107
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                      93275638
<SHARES-COMMON-STOCK>                          2749895
<SHARES-COMMON-PRIOR>                          1738616
<ACCUMULATED-NII-CURRENT>                       239000
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                       10882100
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                       9821538
<NET-ASSETS>                                 114218276
<DIVIDEND-INCOME>                               292880
<INTEREST-INCOME>                               699836
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                (773884)
<NET-INVESTMENT-INCOME>                         218832
<REALIZED-GAINS-CURRENT>                      10883028
<APPREC-INCREASE-CURRENT>                      9736622
<NET-CHANGE-FROM-OPS>                         20838482
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                      (21320)
<DISTRIBUTIONS-OF-GAINS>                       (99170)
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                       58662035
<NUMBER-OF-SHARES-REDEEMED>                   (324083)
<SHARES-REINVESTED>                             120489
<NET-CHANGE-IN-ASSETS>                        79176433
<ACCUMULATED-NII-PRIOR>                          49849
<ACCUMULATED-GAINS-PRIOR>                       379409
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                           628441
<INTEREST-EXPENSE>                                1085
<GROSS-EXPENSE>                                 938298
<AVERAGE-NET-ASSETS>                          35025869
<PER-SHARE-NAV-BEGIN>                            11.01
<PER-SHARE-NII>                                    .07
<PER-SHARE-GAIN-APPREC>                           4.62
<PER-SHARE-DIVIDEND>                             (.03)
<PER-SHARE-DISTRIBUTIONS>                        (.14)
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              15.53
<EXPENSE-RATIO>                                   1.00
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        

</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0001003129
<NAME> CRABBE HUSON FUNDS
<SERIES>
   <NUMBER> 021
   <NAME> CRABBE HUSON OREGON TAX FREE FUND
       
<S>                             <C>
<PERIOD-TYPE>                   12-MOS
<FISCAL-YEAR-END>                          OCT-31-1997
<PERIOD-START>                             NOV-01-1996
<PERIOD-END>                               OCT-31-1997
<INVESTMENTS-AT-COST>                         24695585
<INVESTMENTS-AT-VALUE>                        26134929
<RECEIVABLES>                                   430452
<ASSETS-OTHER>                                     410
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                                26565791
<PAYABLE-FOR-SECURITIES>                             0
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                        78544
<TOTAL-LIABILITIES>                              78544
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                      24806683
<SHARES-COMMON-STOCK>                          2072951
<SHARES-COMMON-PRIOR>                          2090733
<ACCUMULATED-NII-CURRENT>                       169838
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                          71382
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                       1439344
<NET-ASSETS>                                  26487247
<DIVIDEND-INCOME>                                    0
<INTEREST-INCOME>                              1366179
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                (255945)
<NET-INVESTMENT-INCOME>                        1110234
<REALIZED-GAINS-CURRENT>                         72541
<APPREC-INCREASE-CURRENT>                       514167
<NET-CHANGE-FROM-OPS>                          1696942
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                     (957659)
<DISTRIBUTIONS-OF-GAINS>                      (152575)
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                        2788786
<NUMBER-OF-SHARES-REDEEMED>                  (3867338)
<SHARES-REINVESTED>                             844070
<NET-CHANGE-IN-ASSETS>                          352226
<ACCUMULATED-NII-PRIOR>                            956
<ACCUMULATED-GAINS-PRIOR>                       152573
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                           130584
<INTEREST-EXPENSE>                                 567
<GROSS-EXPENSE>                                 286539
<AVERAGE-NET-ASSETS>                          26116716
<PER-SHARE-NAV-BEGIN>                            12.50
<PER-SHARE-NII>                                    .54
<PER-SHARE-GAIN-APPREC>                            .28
<PER-SHARE-DIVIDEND>                             (.47)
<PER-SHARE-DISTRIBUTIONS>                        (.07)
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              12.78
<EXPENSE-RATIO>                                    .98
<AVG-DEBT-OUTSTANDING>                            2734
<AVG-DEBT-PER-SHARE>                                 0
        

</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0001003129
<NAME> CRABBE HUSON FUNDS
<SERIES>
   <NUMBER> 031
   <NAME> CRABBE HUSON ASSET ALLOCATION FUND
       
<S>                             <C>
<PERIOD-TYPE>                   12-MOS
<FISCAL-YEAR-END>                          OCT-31-1997
<PERIOD-START>                             NOV-01-1996
<PERIOD-END>                               OCT-31-1997
<INVESTMENTS-AT-COST>                        135483775
<INVESTMENTS-AT-VALUE>                       146768903
<RECEIVABLES>                                  1389136
<ASSETS-OTHER>                                    7008
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                               148165047
<PAYABLE-FOR-SECURITIES>                       1077984
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                     22529287
<TOTAL-LIABILITIES>                           23607271
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                      98365937
<SHARES-COMMON-STOCK>                          6423388
<SHARES-COMMON-PRIOR>                          9337335
<ACCUMULATED-NII-CURRENT>                            0
<OVERDISTRIBUTION-NII>                         (20757)
<ACCUMULATED-NET-GAINS>                       14927468
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                      11285128
<NET-ASSETS>                                 124557776
<DIVIDEND-INCOME>                               949815
<INTEREST-INCOME>                              3461098
<OTHER-INCOME>                                   37866
<EXPENSES-NET>                               (1653381)
<NET-INVESTMENT-INCOME>                        2795398
<REALIZED-GAINS-CURRENT>                      14919865
<APPREC-INCREASE-CURRENT>                      4353683
<NET-CHANGE-FROM-OPS>                         22068946
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                    (2327127)
<DISTRIBUTIONS-OF-GAINS>                     (6443097)
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                       12837676
<NUMBER-OF-SHARES-REDEEMED>                 (60508773)
<SHARES-REINVESTED>                            7726444
<NET-CHANGE-IN-ASSETS>                      (26645931)
<ACCUMULATED-NII-PRIOR>                              0
<ACCUMULATED-GAINS-PRIOR>                      6581429
<OVERDISTRIB-NII-PRIOR>                        (44394)
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                          1179986
<INTEREST-EXPENSE>                                2410
<GROSS-EXPENSE>                                1856992
<AVERAGE-NET-ASSETS>                         105966113
<PER-SHARE-NAV-BEGIN>                            13.39
<PER-SHARE-NII>                                    .32
<PER-SHARE-GAIN-APPREC>                           2.29
<PER-SHARE-DIVIDEND>                             (.32)
<PER-SHARE-DISTRIBUTIONS>                        (.74)
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              14.94
<EXPENSE-RATIO>                                   1.42
<AVG-DEBT-OUTSTANDING>                            3460
<AVG-DEBT-PER-SHARE>                                 0
        

</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0001003129
<NAME> CRABBE HUSON FUNDS
<SERIES>
   <NUMBER> 032
   <NAME> CRABBE HUSON ASSET ALLOCATION FUND
       
<S>                             <C>
<PERIOD-TYPE>                   12-MOS
<FISCAL-YEAR-END>                          OCT-31-1997
<PERIOD-START>                             NOV-01-1996
<PERIOD-END>                               OCT-31-1997
<INVESTMENTS-AT-COST>                        135483775
<INVESTMENTS-AT-VALUE>                       146768903
<RECEIVABLES>                                  1389136
<ASSETS-OTHER>                                    7008
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                               148165047
<PAYABLE-FOR-SECURITIES>                       1077984
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                     22529287
<TOTAL-LIABILITIES>                           23607271
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                      98365937
<SHARES-COMMON-STOCK>                          1914454
<SHARES-COMMON-PRIOR>                           188722
<ACCUMULATED-NII-CURRENT>                            0
<OVERDISTRIBUTION-NII>                         (20757)
<ACCUMULATED-NET-GAINS>                       14927468
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                      11285128
<NET-ASSETS>                                 124557776
<DIVIDEND-INCOME>                               949815
<INTEREST-INCOME>                              3461098
<OTHER-INCOME>                                   37866
<EXPENSES-NET>                               (1653381)
<NET-INVESTMENT-INCOME>                        2795398
<REALIZED-GAINS-CURRENT>                      14919865
<APPREC-INCREASE-CURRENT>                      4353683
<NET-CHANGE-FROM-OPS>                         22068946
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                     (458657)
<DISTRIBUTIONS-OF-GAINS>                      (189266)
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                       28620172
<NUMBER-OF-SHARES-REDEEMED>                  (4965600)
<SHARES-REINVESTED>                             653385
<NET-CHANGE-IN-ASSETS>                        45728980
<ACCUMULATED-NII-PRIOR>                              0
<ACCUMULATED-GAINS-PRIOR>                      6581429
<OVERDISTRIB-NII-PRIOR>                        (44394)
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                          1179986
<INTEREST-EXPENSE>                                2410
<GROSS-EXPENSE>                                1856992
<AVERAGE-NET-ASSETS>                          15208553
<PER-SHARE-NAV-BEGIN>                            13.39
<PER-SHARE-NII>                                    .42
<PER-SHARE-GAIN-APPREC>                           2.24
<PER-SHARE-DIVIDEND>                             (.37)
<PER-SHARE-DISTRIBUTIONS>                        (.74)
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              14.94
<EXPENSE-RATIO>                                   1.00
<AVG-DEBT-OUTSTANDING>                            3460
<AVG-DEBT-PER-SHARE>                                 0
        

</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0001003129
<NAME> CRABBE HUSON FUNDS
<SERIES>
   <NUMBER> 041
   <NAME> CRABBE HUSON EQUITY FUND
       
<S>                             <C>
<PERIOD-TYPE>                   12-MOS
<FISCAL-YEAR-END>                          OCT-31-1997
<PERIOD-START>                             NOV-01-1996
<PERIOD-END>                               OCT-31-1997
<INVESTMENTS-AT-COST>                        378228684
<INVESTMENTS-AT-VALUE>                       435424256
<RECEIVABLES>                                  4914290
<ASSETS-OTHER>                                   11079
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                               440349625
<PAYABLE-FOR-SECURITIES>                       6719562
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                     29498937
<TOTAL-LIABILITIES>                           36218499
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                     265419581
<SHARES-COMMON-STOCK>                         16298398
<SHARES-COMMON-PRIOR>                         22384091
<ACCUMULATED-NII-CURRENT>                       895302
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                       80620671
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                      57195572
<NET-ASSETS>                                 404131126
<DIVIDEND-INCOME>                              5537370
<INTEREST-INCOME>                              1318459
<OTHER-INCOME>                                  105486
<EXPENSES-NET>                               (5700482)
<NET-INVESTMENT-INCOME>                        1260833
<REALIZED-GAINS-CURRENT>                      80765002
<APPREC-INCREASE-CURRENT>                     22494641
<NET-CHANGE-FROM-OPS>                        104520476
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                    (1478593)
<DISTRIBUTIONS-OF-GAINS>                    (33083445)
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                       69639410
<NUMBER-OF-SHARES-REDEEMED>                (223126227)
<SHARES-REINVESTED>                           31671157
<NET-CHANGE-IN-ASSETS>                      (51857222)
<ACCUMULATED-NII-PRIOR>                        1315080
<ACCUMULATED-GAINS-PRIOR>                     32864167
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                          3616892
<INTEREST-EXPENSE>                                7555
<GROSS-EXPENSE>                                5829015
<AVERAGE-NET-ASSETS>                         388566078
<PER-SHARE-NAV-BEGIN>                            19.50
<PER-SHARE-NII>                                    .07
<PER-SHARE-GAIN-APPREC>                           5.36
<PER-SHARE-DIVIDEND>                             (.07)
<PER-SHARE-DISTRIBUTIONS>                       (1.54)
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              23.32
<EXPENSE-RATIO>                                   1.42
<AVG-DEBT-OUTSTANDING>                           21750
<AVG-DEBT-PER-SHARE>                                 0
        

</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0001003129
<NAME> CRABBE HUSON FUNDS
<SERIES>
   <NUMBER> 042
   <NAME> CRABBE HUSON EQUITY FUND
       
<S>                             <C>
<PERIOD-TYPE>                   12-MOS
<FISCAL-YEAR-END>                          OCT-31-1997
<PERIOD-START>                             NOV-01-1996
<PERIOD-END>                               OCT-31-1997
<INVESTMENTS-AT-COST>                        378228684
<INVESTMENTS-AT-VALUE>                       435424256
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<OTHER-INCOME>                                  105486
<EXPENSES-NET>                               (5700482)
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<REALIZED-GAINS-CURRENT>                      80765002
<APPREC-INCREASE-CURRENT>                     22494641
<NET-CHANGE-FROM-OPS>                        104520476
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                      (19410)
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<NUMBER-OF-SHARES-SOLD>                       22817326
<NUMBER-OF-SHARES-REDEEMED>                  (7821916)
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<AVG-DEBT-OUTSTANDING>                           21750
<AVG-DEBT-PER-SHARE>                                 0
        

</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0001003129
<NAME> CRABBE HUSON FUNDS
<SERIES>
   <NUMBER> 051
   <NAME> CRABBE HUSON INCOME FUND
       
<S>                             <C>
<PERIOD-TYPE>                   12-MOS
<FISCAL-YEAR-END>                          OCT-31-1997
<PERIOD-START>                             NOV-01-1996
<PERIOD-END>                               OCT-31-1997
<INVESTMENTS-AT-COST>                          3573537
<INVESTMENTS-AT-VALUE>                         3706976
<RECEIVABLES>                                   106007
<ASSETS-OTHER>                                      57
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                                 3813040
<PAYABLE-FOR-SECURITIES>                             0
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                       564888
<TOTAL-LIABILITIES>                             564888
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                       3103530
<SHARES-COMMON-STOCK>                           306970
<SHARES-COMMON-PRIOR>                           460160
<ACCUMULATED-NII-CURRENT>                        90911
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                              0
<OVERDISTRIBUTION-GAINS>                       (79728)
<ACCUM-APPREC-OR-DEPREC>                        133439
<NET-ASSETS>                                   3248152
<DIVIDEND-INCOME>                                    0
<INTEREST-INCOME>                               246353
<OTHER-INCOME>                                    1805
<EXPENSES-NET>                                 (29363)
<NET-INVESTMENT-INCOME>                         218795
<REALIZED-GAINS-CURRENT>                        108239
<APPREC-INCREASE-CURRENT>                        21295
<NET-CHANGE-FROM-OPS>                           348329
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                     (222046)
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                        1092232
<NUMBER-OF-SHARES-REDEEMED>                  (2860443)
<SHARES-REINVESTED>                             196574
<NET-CHANGE-IN-ASSETS>                       (1445354)
<ACCUMULATED-NII-PRIOR>                           3560
<ACCUMULATED-GAINS-PRIOR>                     (108146)
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<PER-SHARE-NAV-BEGIN>                            10.20
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<EXPENSE-RATIO>                                    .80
<AVG-DEBT-OUTSTANDING>                            1408
<AVG-DEBT-PER-SHARE>                                 0
        

</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0001003129
<NAME> CRABBE HUSON FUNDS
<SERIES>
   <NUMBER> 061
   <NAME> CRABBE HUSON US GOVERNMENT INCOME FUND
       
<S>                             <C>
<PERIOD-TYPE>                   12-MOS
<FISCAL-YEAR-END>                          OCT-31-1997
<PERIOD-START>                              NOV-1-1996
<PERIOD-END>                               OCT-31-1997
<INVESTMENTS-AT-COST>                          4422172
<INVESTMENTS-AT-VALUE>                         4456081
<RECEIVABLES>                                    56578
<ASSETS-OTHER>                                     114
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                                 4512773
<PAYABLE-FOR-SECURITIES>                             0
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                        18554
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<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                       4470229
<SHARES-COMMON-STOCK>                           415851
<SHARES-COMMON-PRIOR>                           798678
<ACCUMULATED-NII-CURRENT>                        20416
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                              0
<OVERDISTRIBUTION-GAINS>                       (30335)
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<NET-ASSETS>                                   4494219
<DIVIDEND-INCOME>                                    0
<INTEREST-INCOME>                               358832
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<EXPENSES-NET>                                 (48278)
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<OVERDIST-NET-GAINS-PRIOR>                     (47348)
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<EXPENSE-RATIO>                                    .75
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<AVG-DEBT-PER-SHARE>                                 0
        

</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0001003129
<NAME> CRABBE HUSON FUNDS
<SERIES>
   <NUMBER> 071
   <NAME> CRABBE HUSON US GOVERNMENT MONEY MARKET FUND
       
<S>                             <C>
<PERIOD-TYPE>                   12-MOS
<FISCAL-YEAR-END>                          OCT-31-1997
<PERIOD-START>                             NOV-01-1996
<PERIOD-END>                               OCT-31-1997
<INVESTMENTS-AT-COST>                         28500399
<INVESTMENTS-AT-VALUE>                        28500399
<RECEIVABLES>                                   232913
<ASSETS-OTHER>                                     531
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<PAYABLE-FOR-SECURITIES>                             0
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<PAID-IN-CAPITAL-COMMON>                      28540782
<SHARES-COMMON-STOCK>                         28537840
<SHARES-COMMON-PRIOR>                         42170696
<ACCUMULATED-NII-CURRENT>                            0
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                              0
<OVERDISTRIBUTION-GAINS>                        (2942)
<ACCUM-APPREC-OR-DEPREC>                             0
<NET-ASSETS>                                  28537840
<DIVIDEND-INCOME>                                    0
<INTEREST-INCOME>                              1855060
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                (239293)
<NET-INVESTMENT-INCOME>                        1615767
<REALIZED-GAINS-CURRENT>                             0
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<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                    (1615767)
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<NUMBER-OF-SHARES-REDEEMED>                (105363360)
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<NET-CHANGE-IN-ASSETS>                      (13632856)
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<AVERAGE-NET-ASSETS>                          34266568
<PER-SHARE-NAV-BEGIN>                             1.00
<PER-SHARE-NII>                                    .05
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<PER-SHARE-DISTRIBUTIONS>                            0
<RETURNS-OF-CAPITAL>                                 0
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<EXPENSE-RATIO>                                    .70
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        

</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0001003129
<NAME> CRABBE HUSON FUNDS
<SERIES>
   <NUMBER> 081
   <NAME> CRABBE HUSON REAL ESTATE INVESTMENT FUND
       
<S>                             <C>
<PERIOD-TYPE>                   12-MOS
<FISCAL-YEAR-END>                          OCT-31-1997
<PERIOD-START>                             NOV-01-1996
<PERIOD-END>                               OCT-31-1997
<INVESTMENTS-AT-COST>                         34987352
<INVESTMENTS-AT-VALUE>                        39203949
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<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                      26307814
<SHARES-COMMON-STOCK>                          2430942
<SHARES-COMMON-PRIOR>                          1783333
<ACCUMULATED-NII-CURRENT>                        39437
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                        3694704
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                       4216597
<NET-ASSETS>                                  34258552
<DIVIDEND-INCOME>                              1319954
<INTEREST-INCOME>                                42896
<OTHER-INCOME>                                   16991
<EXPENSES-NET>                                (467467)
<NET-INVESTMENT-INCOME>                         912374
<REALIZED-GAINS-CURRENT>                       3694705
<APPREC-INCREASE-CURRENT>                      2968799
<NET-CHANGE-FROM-OPS>                          7575878
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                     (908865)
<DISTRIBUTIONS-OF-GAINS>                     (1144248)
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<NUMBER-OF-SHARES-SOLD>                       33065740
<NUMBER-OF-SHARES-REDEEMED>                 (26839118)
<SHARES-REINVESTED>                            1860225
<NET-CHANGE-IN-ASSETS>                        13609612
<ACCUMULATED-NII-PRIOR>                          11251
<ACCUMULATED-GAINS-PRIOR>                      1144246
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<GROSS-EXPENSE>                                 549666
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<PER-SHARE-NAV-BEGIN>                            11.58
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<PER-SHARE-DISTRIBUTIONS>                        (.51)
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              14.09
<EXPENSE-RATIO>                                   1.50
<AVG-DEBT-OUTSTANDING>                           72728
<AVG-DEBT-PER-SHARE>                               .03
        

</TABLE>


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