CRABBE HUSON FUNDS
NSAR-A, 1997-06-25
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<PAGE>      PAGE  1
000 A000000 04/30/97
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 PORTLAND
013 B02AA01 OR
013 B03AA01 97204
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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<PAGE>      PAGE  3
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<PAGE>      PAGE  4
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<PAGE>      PAGE  5
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<PAGE>      PAGE  6
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<PAGE>      PAGE  7
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<PAGE>      PAGE  8
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<PAGE>      PAGE  9
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<PAGE>      PAGE  10
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<PAGE>      PAGE  11
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<PAGE>      PAGE  12
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<PAGE>      PAGE  13
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<PAGE>      PAGE  14
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<PAGE>      PAGE  15
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<PAGE>      PAGE  16
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<PAGE>      PAGE  17
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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  24
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<PAGE>      PAGE  27
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<PAGE>      PAGE  30
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<PAGE>      PAGE  31
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<PAGE>      PAGE  35
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<PAGE>      PAGE  36
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<PAGE>      PAGE  37
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028 D020800        30
028 D030800         0
028 D040800      6259
028 E010800      1672
028 E020800         0
<PAGE>      PAGE  38
028 E030800         0
028 E040800      2889
028 F010800       809
028 F020800       223
028 F030800         0
028 F040800      2031
028 G010800     23097
028 G020800      1394
028 G030800         0
028 G040800     16363
028 H000800         0
042 A000800  10
042 B000800  10
042 C000800   0
042 D000800  64
042 E000800   1
042 F000800   0
042 G000800  15
042 H000800   0
043  000800     37
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 N
055 B000800 Y
056  000800 Y
057  000800 N
<PAGE>      PAGE  39
058 A000800 N
059  000800 Y
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
<PAGE>      PAGE  40
070 H020800 N
070 I010800 N
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     19493
071 B000800      9804
071 C000800     28167
071 D000800   35
072 A000800  6
072 B000800       37
072 C000800      690
072 D000800        0
072 E000800        0
072 F000800      148
072 G000800        5
072 H000800        0
072 I000800       15
072 J000800       12
072 K000800        1
072 L000800        2
072 M000800        1
072 N000800       11
072 O000800        0
072 P000800        0
072 Q000800        0
072 R000800        2
072 S000800        1
072 T000800       37
072 U000800       15
072 V000800        0
072 W000800        4
072 X000800      254
072 Y000800       33
072 Z000800      506
<PAGE>      PAGE  41
072AA000800     1707
072BB000800       23
072CC010800        0
072CC020800       70
072DD010800      419
072DD020800        0
072EE000800     1144
073 A010800   0.1800
073 A020800   0.0000
073 B000800   0.5100
073 C000800   0.0000
074 A000800        0
074 B000800        0
074 C000800      129
074 D000800        0
074 E000800        0
074 F000800    29002
074 G000800        0
074 H000800        0
074 I000800     4904
074 J000800        0
074 K000800        0
074 L000800      211
074 M000800       72
074 N000800    34318
074 O000800        0
074 P000800        0
074 Q000800        0
074 R010800        0
074 R020800        0
074 R030800        0
074 R040800     4984
074 S000800        0
074 T000800    29334
074 U010800     2446
074 U020800        0
074 V010800    11.99
074 V020800     0.00
074 W000800   0.0000
074 X000800      728
074 Y000800        0
075 A000800        0
075 B000800    29816
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>                   6-MOS
<FISCAL-YEAR-END>                          OCT-31-1997
<PERIOD-START>                             NOV-01-1996
<PERIOD-END>                               APR-30-1997
<INVESTMENTS-AT-COST>                         45177729
<INVESTMENTS-AT-VALUE>                        46277526
<RECEIVABLES>                                  2071811
<ASSETS-OTHER>                                  131548
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                                48480885
<PAYABLE-FOR-SECURITIES>                         13968
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                        55265
<TOTAL-LIABILITIES>                              69233
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                      44681123
<SHARES-COMMON-STOCK>                          1915613
<SHARES-COMMON-PRIOR>                          1738616
<ACCUMULATED-NII-CURRENT>                            0
<OVERDISTRIBUTION-NII>                           (784)
<ACCUMULATED-NET-GAINS>                        2631516
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                       1099797
<NET-ASSETS>                                  48411652
<DIVIDEND-INCOME>                               105984
<INTEREST-INCOME>                               148282
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                (246036)
<NET-INVESTMENT-INCOME>                           8230
<REALIZED-GAINS-CURRENT>                       2632445
<APPREC-INCREASE-CURRENT>                      1014881
<NET-CHANGE-FROM-OPS>                          3655556
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                      (37543)
<DISTRIBUTIONS-OF-GAINS>                      (281168)
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                        1106867
<NUMBER-OF-SHARES-REDEEMED>                   (957199)
<SHARES-REINVESTED>                              27329
<NET-CHANGE-IN-ASSETS>                        27741917
<ACCUMULATED-NII-PRIOR>                          49849
<ACCUMULATED-GAINS-PRIOR>                       379409
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                           191528
<INTEREST-EXPENSE>                                 247
<GROSS-EXPENSE>                                 308450
<AVERAGE-NET-ASSETS>                          21983917
<PER-SHARE-NAV-BEGIN>                            11.02
<PER-SHARE-NII>                                  (.01)
<PER-SHARE-GAIN-APPREC>                           1.29
<PER-SHARE-DIVIDEND>                             (.02)
<PER-SHARE-DISTRIBUTIONS>                        (.14)
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              12.14
<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>                   6-MOS
<FISCAL-YEAR-END>                          OCT-31-1997
<PERIOD-START>                             NOV-01-1996
<PERIOD-END>                               APR-30-1997
<INVESTMENTS-AT-COST>                         45177729
<INVESTMENTS-AT-VALUE>                        46277526
<RECEIVABLES>                                  2071811
<ASSETS-OTHER>                                  131548
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                                48480885
<PAYABLE-FOR-SECURITIES>                         13968
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                        55265
<TOTAL-LIABILITIES>                              69233
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                      44681123
<SHARES-COMMON-STOCK>                          2070774
<SHARES-COMMON-PRIOR>                           137489
<ACCUMULATED-NII-CURRENT>                            0
<OVERDISTRIBUTION-NII>                           (784)
<ACCUMULATED-NET-GAINS>                        2631516
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                       1099797
<NET-ASSETS>                                  48411652
<DIVIDEND-INCOME>                               105984
<INTEREST-INCOME>                               148282
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                (246036)
<NET-INVESTMENT-INCOME>                           8230
<REALIZED-GAINS-CURRENT>                       2632445
<APPREC-INCREASE-CURRENT>                      1014881
<NET-CHANGE-FROM-OPS>                          3655556
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                      (21320)
<DISTRIBUTIONS-OF-GAINS>                       (99170)
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                        1923778
<NUMBER-OF-SHARES-REDEEMED>                      (943)
<SHARES-REINVESTED>                              10450
<NET-CHANGE-IN-ASSETS>                        27741917
<ACCUMULATED-NII-PRIOR>                          49849
<ACCUMULATED-GAINS-PRIOR>                       379409
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                           191528
<INTEREST-EXPENSE>                                 247
<GROSS-EXPENSE>                                 308450
<AVERAGE-NET-ASSETS>                          16639106
<PER-SHARE-NAV-BEGIN>                            11.01
<PER-SHARE-NII>                                    .03
<PER-SHARE-GAIN-APPREC>                           1.28
<PER-SHARE-DIVIDEND>                             (.03)
<PER-SHARE-DISTRIBUTIONS>                        (.14)
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              12.15
<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> 21
   <NAME> CRABBE HUSON OREGON TAX FREE FUND
       
<S>                             <C>
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          OCT-31-1997
<PERIOD-START>                             NOV-01-1996
<PERIOD-END>                               APR-30-1997
<INVESTMENTS-AT-COST>                         24119814
<INVESTMENTS-AT-VALUE>                        24827197
<RECEIVABLES>                                   403319
<ASSETS-OTHER>                                    9585
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                                25240101
<PAYABLE-FOR-SECURITIES>                             0
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                        46194
<TOTAL-LIABILITIES>                              46194
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                      24291799
<SHARES-COMMON-STOCK>                          2029969
<SHARES-COMMON-PRIOR>                          2090733
<ACCUMULATED-NII-CURRENT>                          956
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                         193769
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                        707383
<NET-ASSETS>                                  25193907
<DIVIDEND-INCOME>                                    0
<INTEREST-INCOME>                               673823
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                (125182)
<NET-INVESTMENT-INCOME>                         548641
<REALIZED-GAINS-CURRENT>                         41196
<APPREC-INCREASE-CURRENT>                     (217794)
<NET-CHANGE-FROM-OPS>                           372043
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                     (548641)
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                          81278
<NUMBER-OF-SHARES-REDEEMED>                   (175303)
<SHARES-REINVESTED>                              33261
<NET-CHANGE-IN-ASSETS>                        (941114)
<ACCUMULATED-NII-PRIOR>                            956
<ACCUMULATED-GAINS-PRIOR>                       152573
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                            63869
<INTEREST-EXPENSE>                                 249
<GROSS-EXPENSE>                                 145316
<AVERAGE-NET-ASSETS>                          25759196
<PER-SHARE-NAV-BEGIN>                            12.50
<PER-SHARE-NII>                                    .27
<PER-SHARE-GAIN-APPREC>                          (.09)
<PER-SHARE-DIVIDEND>                             (.27)
<PER-SHARE-DISTRIBUTIONS>                            0
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              12.41
<EXPENSE-RATIO>                                    .98
<AVG-DEBT-OUTSTANDING>                            3012
<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>                   6-MOS
<FISCAL-YEAR-END>                          OCT-31-1997
<PERIOD-START>                             NOV-01-1996
<PERIOD-END>                               APR-30-1997
<INVESTMENTS-AT-COST>                        130774608
<INVESTMENTS-AT-VALUE>                       130744861
<RECEIVABLES>                                  1082314
<ASSETS-OTHER>                                   45227
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                               131872402
<PAYABLE-FOR-SECURITIES>                        264372
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                     19352183
<TOTAL-LIABILITIES>                           19616555
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                     104027491
<SHARES-COMMON-STOCK>                          7648481
<SHARES-COMMON-PRIOR>                          9337335
<ACCUMULATED-NII-CURRENT>                            0
<OVERDISTRIBUTION-NII>                         (34853)
<ACCUMULATED-NET-GAINS>                        8292956
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                       (29747)
<NET-ASSETS>                                 112255847
<DIVIDEND-INCOME>                               471533
<INTEREST-INCOME>                              1708730
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                (826798)
<NET-INVESTMENT-INCOME>                        1353465
<REALIZED-GAINS-CURRENT>                       8343889
<APPREC-INCREASE-CURRENT>                    (6961192)
<NET-CHANGE-FROM-OPS>                          2736162
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                    (1204689)
<DISTRIBUTIONS-OF-GAINS>                     (6443096)
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                         592297
<NUMBER-OF-SHARES-REDEEMED>                  (2799389)
<SHARES-REINVESTED>                             518238
<NET-CHANGE-IN-ASSETS>                      (15287826)
<ACCUMULATED-NII-PRIOR>                              0
<ACCUMULATED-GAINS-PRIOR>                      6581429
<OVERDISTRIB-NII-PRIOR>                        (44394)
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                           590133
<INTEREST-EXPENSE>                                 751
<GROSS-EXPENSE>                                 943235
<AVERAGE-NET-ASSETS>                         111969716
<PER-SHARE-NAV-BEGIN>                            13.39
<PER-SHARE-NII>                                    .15
<PER-SHARE-GAIN-APPREC>                            .15
<PER-SHARE-DIVIDEND>                             (.15)
<PER-SHARE-DISTRIBUTIONS>                        (.74)
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              12.80
<EXPENSE-RATIO>                                   1.40
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        

</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0001003129
<NAME> CRABBE HUSON FUNDS
<SERIES>
   <NUMBER> 32
   <NAME> CRABBE HUSON ASSET ALLOCATION FUND
       
<S>                             <C>
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          OCT-31-1997
<PERIOD-START>                             NOV-01-1996
<PERIOD-END>                               APR-30-1997
<INVESTMENTS-AT-COST>                        130774608
<INVESTMENTS-AT-VALUE>                       130744861
<RECEIVABLES>                                  1082314
<ASSETS-OTHER>                                   45227
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                               131872402
<PAYABLE-FOR-SECURITIES>                        264372
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                     19352183
<TOTAL-LIABILITIES>                           19616555
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                     104027491
<SHARES-COMMON-STOCK>                          1121168
<SHARES-COMMON-PRIOR>                           188722
<ACCUMULATED-NII-CURRENT>                            0
<OVERDISTRIBUTION-NII>                         (34853)
<ACCUMULATED-NET-GAINS>                        8292956
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                       (29747)
<NET-ASSETS>                                 112255847
<DIVIDEND-INCOME>                               471533
<INTEREST-INCOME>                              1708730
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                (826798)
<NET-INVESTMENT-INCOME>                        1353465
<REALIZED-GAINS-CURRENT>                       8343889
<APPREC-INCREASE-CURRENT>                    (6961192)
<NET-CHANGE-FROM-OPS>                          2736162
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                     (139235)
<DISTRIBUTIONS-OF-GAINS>                      (189266)
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                        1152243
<NUMBER-OF-SHARES-REDEEMED>                   (245635)
<SHARES-REINVESTED>                              25838
<NET-CHANGE-IN-ASSETS>                      (15287826)
<ACCUMULATED-NII-PRIOR>                              0
<ACCUMULATED-GAINS-PRIOR>                      6581429
<OVERDISTRIB-NII-PRIOR>                        (44394)
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                           590133
<INTEREST-EXPENSE>                                 751
<GROSS-EXPENSE>                                 943235
<AVERAGE-NET-ASSETS>                          10388607
<PER-SHARE-NAV-BEGIN>                            13.39
<PER-SHARE-NII>                                    .23
<PER-SHARE-GAIN-APPREC>                            .09
<PER-SHARE-DIVIDEND>                             (.17)
<PER-SHARE-DISTRIBUTIONS>                        (.74)
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              12.80
<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> 41
   <NAME> CRABBE HUSON EQUITY FUND
       
<S>                             <C>
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          OCT-31-1997
<PERIOD-START>                             NOV-01-1996
<PERIOD-END>                               APR-30-1997
<INVESTMENTS-AT-COST>                        400430239
<INVESTMENTS-AT-VALUE>                       405425809
<RECEIVABLES>                                  2676577
<ASSETS-OTHER>                                  160771
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                               408263157
<PAYABLE-FOR-SECURITIES>                       2469221
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                     49934499
<TOTAL-LIABILITIES>                           52403720
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                     307240892
<SHARES-COMMON-STOCK>                         17991803
<SHARES-COMMON-PRIOR>                         22384091
<ACCUMULATED-NII-CURRENT>                       295154
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                       43327821
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                       4995570
<NET-ASSETS>                                 355859437
<DIVIDEND-INCOME>                              2702115
<INTEREST-INCOME>                               667747
<OTHER-INCOME>                                       0
<EXPENSES-NET>                               (2891785)
<NET-INVESTMENT-INCOME>                         478077
<REALIZED-GAINS-CURRENT>                      43895908
<APPREC-INCREASE-CURRENT>                   (29705361)
<NET-CHANGE-FROM-OPS>                         14668624
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                    (1478592)
<DISTRIBUTIONS-OF-GAINS>                    (33083445)
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                        2016968
<NUMBER-OF-SHARES-REDEEMED>                  (8102118)
<SHARES-REINVESTED>                            1692862
<NET-CHANGE-IN-ASSETS>                      (85133504)
<ACCUMULATED-NII-PRIOR>                        1315080
<ACCUMULATED-GAINS-PRIOR>                     32864167
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                          1798867
<INTEREST-EXPENSE>                                3100
<GROSS-EXPENSE>                                2946828
<AVERAGE-NET-ASSETS>                         394235409
<PER-SHARE-NAV-BEGIN>                            19.50
<PER-SHARE-NII>                                    .02
<PER-SHARE-GAIN-APPREC>                            .58
<PER-SHARE-DIVIDEND>                             (.07)
<PER-SHARE-DISTRIBUTIONS>                       (1.54)
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              18.49
<EXPENSE-RATIO>                                   1.44
<AVG-DEBT-OUTSTANDING>                           22191
<AVG-DEBT-PER-SHARE>                                 0
        

</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0001003129
<NAME> CRABBE HUSON FUNDS
<SERIES>
   <NUMBER> 42
   <NAME> CRABBE HUSON EQUITY FUND
       
<S>                             <C>
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          OCT-31-1997
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</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0001003129
<NAME> CRABBE HUSON FUNDS
<SERIES>
   <NUMBER> 51
   <NAME> CRABBE HUSON INCOME FUND
       
<S>                             <C>
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          OCT-31-1997
<PERIOD-START>                             NOV-01-1996
<PERIOD-END>                               APR-30-1997
<INVESTMENTS-AT-COST>                          3765580
<INVESTMENTS-AT-VALUE>                         3742339
<RECEIVABLES>                                    54940
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<PAYABLE-FOR-SECURITIES>                             0
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                       416961
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<PAID-IN-CAPITAL-COMMON>                       3453612
<SHARES-COMMON-STOCK>                           339128
<SHARES-COMMON-PRIOR>                           460160
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<OVERDISTRIBUTION-GAINS>                       (43937)
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<DIVIDEND-INCOME>                                    0
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<EXPENSES-NET>                                 (15024)
<NET-INVESTMENT-INCOME>                         110049
<REALIZED-GAINS-CURRENT>                         64209
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<NET-CHANGE-FROM-OPS>                            38873
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                     (113301)
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<NUMBER-OF-SHARES-SOLD>                          38209
<NUMBER-OF-SHARES-REDEEMED>                   (168927)
<SHARES-REINVESTED>                               9686
<NET-CHANGE-IN-ASSETS>                       (1306764)
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<ACCUMULATED-GAINS-PRIOR>                     (108146)
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<AVG-DEBT-PER-SHARE>                                 0
        


</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0001003129
<NAME> CRABBE HUSON FUNDS
<SERIES>
   <NUMBER> 61
   <NAME> CRABBE HUSON US GOVERNMENT INCOME FUND
       
<S>                             <C>
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          OCT-31-1997
<PERIOD-START>                             NOV-01-1996
<PERIOD-END>                               APR-30-1997
<INVESTMENTS-AT-COST>                          6307030
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<SHARES-COMMON-STOCK>                           599783
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<OVERDISTRIBUTION-GAINS>                       (80532)
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</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0001003129
<NAME> CRABBE HUSON FUNDS
<SERIES>
   <NUMBER> 71
   <NAME> CRABBE HUSON US GOVERNMENT MONEY MARKET FUND
       
<S>                             <C>
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          OCT-31-1997
<PERIOD-START>                             NOV-01-1996
<PERIOD-END>                               APR-30-1997
<INVESTMENTS-AT-COST>                         31457857
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<AVG-DEBT-PER-SHARE>                                 0
        

</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0001003129
<NAME> CRABBE HUSON FUNDS
<SERIES>
   <NUMBER> 81
   <NAME> CRABBE HUSON REAL ESTATE INVESTMENT FUND
       
<S>                             <C>
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          OCT-31-1997
<PERIOD-START>                             NOV-01-1996
<PERIOD-END>                               APR-30-1997
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<AVG-DEBT-PER-SHARE>                               .05
        


</TABLE>


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