<PAGE> PAGE 1
000 A000000 04/30/98
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
020 A000001 MORGAN STANLEY
020 B000001 13-3265598
020 C000001 107
020 A000002 MERRILL LYNCH
020 B000002 13-5674085
020 C000002 96
020 A000003 BEAR STEARNS
020 B000003 13-3299429
020 C000003 84
020 A000004 INSTINET
020 B000004 13-3443395
020 C000004 76
020 A000005 JP MORGAN
020 B000005 13-3224016
020 C000005 71
020 A000006 JACOBS
020 B000006 13-3371860
020 C000006 66
020 A000007 EXECUTIVE SERV
020 B000007 13-2615901
020 C000007 58
020 A000008 SMITH BARNEY
<PAGE> PAGE 3
020 B000008 13-1912900
020 C000008 50
020 A000009 RAGEN MACKENZIE
020 B000009 91-1374280
020 C000009 50
020 A000010 VOL.INV.
020 B000010 00-0000000
020 C000010 45
021 000000 1426
022 A000001 HSBC SECURITIES
022 B000001 13-2650272
022 C000001 4523088
022 D000001 9915
022 A000002 STATE STREET BANK & TRUST
022 B000002 04-1867445
022 C000002 1007080
022 D000002 0
022 A000003 PRUDENTIAL SECURITIES
022 B000003 22-2347336
022 C000003 203340
022 D000003 2283
022 A000004 MERRILL LYNCH
022 B000004 13-5674085
022 C000004 10440
022 D000004 13461
022 A000005 BEAR STEARNS
022 B000005 13-3299429
022 C000005 12699
022 D000005 10197
022 A000006 MORGAN STANLEY
022 B000006 13-3265598
022 C000006 8738
022 D000006 11849
022 A000007 SPEAR LEADS
022 B000007 13-5515160
022 C000007 9665
022 D000007 9476
022 A000008 GOLDMAN SACHS
022 B000008 13-5108880
022 C000008 9684
022 D000008 6325
022 A000009 DREYFUS
022 B000009 13-5674085
022 C000009 14815
022 D000009 0
022 A000010 TROSTER SINGER
022 B000010 13-5515160
022 C000010 7517
022 D000010 4219
023 C000000 5831674
023 D000000 101245
<PAGE> PAGE 4
026 A000000 N
026 B000000 Y
026 C000000 N
026 D000000 Y
026 E000000 N
026 F000000 N
026 G010000 N
026 G020000 N
026 H000000 N
027 000000 Y
029 00AA00 N
030 A00AA00 0
030 B00AA00 0.00
030 C00AA00 0.00
031 A00AA00 0
031 B00AA00 0
032 00AA00 0
033 00AA00 0
034 00AA00 N
035 00AA00 0
036 B00AA00 0
037 00AA00 N
038 00AA00 0
039 00AA00 N
040 00AA00 Y
041 00AA00 Y
049 00AA00 N
050 00AA00 N
051 00AA00 N
052 00AA00 N
053 A00AA00 Y
053 B00AA00 Y
053 C00AA00 N
054 A00AA00 Y
054 B00AA00 Y
054 C00AA00 N
054 D00AA00 N
054 E00AA00 N
054 F00AA00 N
054 G00AA00 Y
054 H00AA00 Y
054 I00AA00 N
054 J00AA00 Y
054 K00AA00 N
054 L00AA00 N
054 M00AA00 Y
054 N00AA00 N
054 O00AA00 Y
077 A000000 N
078 000000 N
080 A00AA00 CHUBB GROUP OF INSURANCE CO.
<PAGE> PAGE 5
080 C00AA00 5000
081 A00AA00 Y
081 B00AA00 8
082 A00AA00 Y
082 B00AA00 250
083 A00AA00 N
083 B00AA00 0
084 A00AA00 N
084 B00AA00 0
085 A00AA00 Y
085 B00AA00 N
086 A010000 0
086 A020000 0
086 B010000 0
086 B020000 0
086 C010000 0
086 C020000 0
086 D010000 0
086 D020000 0
086 E010000 0
086 E020000 0
086 F010000 0
086 F020000 0
008 A000101 CRABBE HUSON GROUP, INC.
008 B000101 A
008 C000101 801-15154
008 D010101 PORTLAND
008 D020101 OR
008 D030101 97204
024 000100 N
025 D000101 0
025 D000102 0
025 D000103 0
025 D000104 0
025 D000105 0
025 D000106 0
025 D000107 0
025 D000108 0
028 A010100 20758
028 A020100 0
028 A030100 0
028 A040100 2001
028 B010100 14364
028 B020100 11066
028 B030100 0
028 B040100 4219
028 C010100 9287
028 C020100 1
028 C030100 0
028 C040100 12809
028 D010100 12050
<PAGE> PAGE 6
028 D020100 0
028 D030100 0
028 D040100 9273
028 E010100 7491
028 E020100 0
028 E030100 0
028 E040100 3630
028 F010100 7118
028 F020100 0
028 F030100 0
028 F040100 6356
028 G010100 71068
028 G020100 11067
028 G030100 0
028 G040100 38288
028 H000100 0
042 A000100 15
042 B000100 13
042 C000100 0
042 D000100 57
042 E000100 1
042 F000100 0
042 G000100 0
042 H000100 14
043 000100 48
044 000100 0
045 000100 Y
046 000100 N
047 000100 Y
048 000100 0.000
048 A010100 100000
048 A020100 1.000
048 B010100 400000
048 B020100 0.850
048 C010100 0
048 C020100 0.000
048 D010100 0
048 D020100 0.000
048 E010100 0
048 E020100 0.000
048 F010100 0
048 F020100 0.000
048 G010100 0
048 G020100 0.000
048 H010100 0
048 H020100 0.000
048 I010100 0
048 I020100 0.000
048 J010100 0
048 J020100 0.000
048 K010100 500000
<PAGE> PAGE 7
048 K020100 0.600
055 A000100 N
055 B000100 N
056 000100 Y
057 000100 N
058 A000100 N
059 000100 Y
060 A000100 Y
060 B000100 Y
061 000100 2000
062 A000100 N
062 B000100 0.0
062 C000100 0.0
062 D000100 0.0
062 E000100 0.0
062 F000100 0.0
062 G000100 0.0
062 H000100 0.0
062 I000100 0.0
062 J000100 0.0
062 K000100 0.0
062 L000100 0.0
062 M000100 0.0
062 N000100 0.0
062 O000100 0.0
062 P000100 0.0
062 Q000100 0.0
062 R000100 0.0
063 A000100 0
063 B000100 0.0
066 A000100 Y
066 B000100 N
066 C000100 Y
066 D000100 N
066 E000100 N
066 F000100 N
066 G000100 N
067 000100 N
068 A000100 N
068 B000100 N
069 000100 N
070 A010100 Y
070 A020100 Y
070 B010100 Y
070 B020100 N
070 C010100 Y
070 C020100 N
070 D010100 Y
070 D020100 N
070 E010100 Y
070 E020100 N
<PAGE> PAGE 8
070 F010100 Y
070 F020100 N
070 G010100 Y
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
070 M010100 N
070 M020100 N
070 N010100 Y
070 N020100 N
070 O010100 Y
070 O020100 Y
070 P010100 N
070 P020100 N
070 Q010100 N
070 Q020100 N
070 R010100 N
070 R020100 N
071 A000100 67380
071 B000100 11015
071 C000100 120145
071 D000100 9
072 A000100 6
072 B000100 379
072 C000100 202
072 D000100 0
072 E000100 0
072 F000100 631
072 G000100 29
072 H000100 0
072 I000100 33
072 J000100 28
072 K000100 3
072 L000100 0
072 M000100 5
072 N000100 21
072 O000100 0
072 P000100 1
072 Q000100 0
072 R000100 6
072 S000100 4
072 T000100 48
072 U000100 10
<PAGE> PAGE 9
072 V000100 0
072 W000100 13
072 X000100 832
072 Y000100 81
072 Z000100 -170
072AA000100 4157
072BB000100 2889
072CC010100 1861
072CC020100 0
072DD010100 0
072DD020100 356
072EE000100 10883
073 A010100 0.0000
073 A020100 0.0600
073 B000100 1.2400
073 C000100 0.0000
074 A000100 0
074 B000100 3858
074 C000100 0
074 D000100 0
074 E000100 0
074 F000100 145020
074 G000100 0
074 H000100 0
074 I000100 0
074 J000100 502
074 K000100 0
074 L000100 459
074 M000100 110
074 N000100 149949
074 O000100 0
074 P000100 1
074 Q000100 0
074 R010100 0
074 R020100 0
074 R030100 0
074 R040100 163
074 S000100 0
074 T000100 149785
074 U010100 2676
074 U020100 7912
074 V010100 14.13
074 V020100 14.15
074 W000100 0.0000
074 X000100 1593
074 Y000100 0
075 A000100 0
075 B000100 132115
076 000100 0.00
008 A000201 CRABBE HUSON GROUP, INC.
008 B000201 A
<PAGE> PAGE 10
008 C000201 801-15154
008 D010201 PORTLAND
008 D020201 OR
008 D030201 97204
024 000200 N
025 D000201 0
025 D000202 0
025 D000203 0
025 D000204 0
025 D000205 0
025 D000206 0
025 D000207 0
025 D000208 0
028 A010200 69
028 A020200 0
028 A030200 0
028 A040200 119
028 B010200 145
028 B020200 132
028 B030200 0
028 B040200 240
028 C010200 107
028 C020200 73
028 C030200 0
028 C040200 490
028 D010200 324
028 D020200 71
028 D030200 0
028 D040200 295
028 E010200 117
028 E020200 64
028 E030200 0
028 E040200 337
028 F010200 703
028 F020200 138
028 F030200 0
028 F040200 435
028 G010200 1465
028 G020200 478
028 G030200 0
028 G040200 1916
028 H000200 0
042 A000200 15
042 B000200 13
042 C000200 0
042 D000200 57
042 E000200 1
042 F000200 0
042 G000200 0
042 H000200 14
043 000200 33
<PAGE> PAGE 11
044 000200 0
045 000200 Y
046 000200 N
047 000200 Y
048 000200 0.000
048 A010200 500000
048 A020200 0.500
048 B010200 500000
048 B020200 0.450
048 C010200 0
048 C020200 0.000
048 D010200 0
048 D020200 0.000
048 E010200 0
048 E020200 0.000
048 F010200 0
048 F020200 0.000
048 G010200 0
048 G020200 0.000
048 H010200 0
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
060 A000200 N
060 B000200 N
061 000200 2000
062 A000200 Y
062 B000200 0.0
062 C000200 0.0
062 D000200 0.0
062 E000200 0.0
062 F000200 0.0
062 G000200 0.0
062 H000200 0.0
062 I000200 0.0
062 J000200 0.0
062 K000200 0.0
062 L000200 1.1
062 M000200 0.0
062 N000200 0.0
062 O000200 98.9
<PAGE> PAGE 12
062 P000200 0.0
062 Q000200 0.0
062 R000200 0.0
063 A000200 0
063 B000200 11.2
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
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
070 R020200 N
071 A000200 5531
071 B000200 5383
071 C000200 26595
<PAGE> PAGE 13
071 D000200 20
072 A000200 6
072 B000200 677
072 C000200 0
072 D000200 0
072 E000200 0
072 F000200 65
072 G000200 5
072 H000200 0
072 I000200 15
072 J000200 14
072 K000200 3
072 L000200 0
072 M000200 1
072 N000200 0
072 O000200 0
072 P000200 0
072 Q000200 0
072 R000200 2
072 S000200 1
072 T000200 33
072 U000200 0
072 V000200 0
072 W000200 3
072 X000200 142
072 Y000200 14
072 Z000200 549
072AA000200 253
072BB000200 0
072CC010200 0
072CC020200 372
072DD010200 549
072DD020200 0
072EE000200 71
073 A010200 0.2700
073 A020200 0.0000
073 B000200 0.0300
073 C000200 0.0000
074 A000200 0
074 B000200 0
074 C000200 492
074 D000200 26037
074 E000200 0
074 F000200 0
074 G000200 0
074 H000200 0
074 I000200 0
074 J000200 0
074 K000200 0
074 L000200 372
074 M000200 2
<PAGE> PAGE 14
074 N000200 26903
074 O000200 499
074 P000200 0
074 Q000200 0
074 R010200 0
074 R020200 0
074 R030200 0
074 R040200 80
074 S000200 0
074 T000200 26324
074 U010200 2076
074 U020200 0
074 V010200 12.68
074 V020200 0.00
074 W000200 0.0000
074 X000200 576
074 Y000200 0
075 A000200 0
075 B000200 26413
076 000200 0.00
008 A000301 CRABBE HUSON GROUP, INC.
008 B000301 A
008 C000301 801-15154
008 D010301 PORTLAND
008 D020301 OR
008 D030301 97204
024 000300 Y
025 A000301 JP MORGAN
025 B000301 13-3224016
025 C000301 D
025 D000301 586
025 A000302 BEAR STEARNS
025 B000302 13-3299429
025 C000302 D
025 D000302 562
025 D000303 0
025 D000304 0
025 D000305 0
025 D000306 0
025 D000307 0
025 D000308 0
028 A010300 785
028 A020300 0
028 A030300 0
028 A040300 2789
028 B010300 5680
028 B020300 14731
028 B030300 0
028 B040300 2668
028 C010300 1417
028 C020300 31
<PAGE> PAGE 15
028 C030300 0
028 C040300 1882
028 D010300 2349
028 D020300 212
028 D030300 0
028 D040300 1448
028 E010300 836
028 E020300 0
028 E030300 0
028 E040300 3807
028 F010300 2071
028 F020300 622
028 F030300 0
028 F040300 1499
028 G010300 13138
028 G020300 15596
028 G030300 0
028 G040300 14093
028 H000300 0
042 A000300 15
042 B000300 13
042 C000300 0
042 D000300 57
042 E000300 1
042 F000300 0
042 G000300 0
042 H000300 14
043 000300 118
044 000300 0
045 000300 Y
046 000300 N
047 000300 Y
048 000300 0.000
048 A010300 100000
048 A020300 1.000
048 B010300 400000
048 B020300 0.850
048 C010300 0
048 C020300 0.000
048 D010300 0
048 D020300 0.000
048 E010300 0
048 E020300 0.000
048 F010300 0
048 F020300 0.000
048 G010300 0
048 G020300 0.000
048 H010300 0
048 H020300 0.000
048 I010300 0
048 I020300 0.000
<PAGE> PAGE 16
048 J010300 0
048 J020300 0.000
048 K010300 500000
048 K020300 0.600
055 A000300 Y
055 B000300 N
056 000300 Y
057 000300 N
058 A000300 N
059 000300 Y
060 A000300 Y
060 B000300 Y
061 000300 2000
062 A000300 N
062 B000300 0.0
062 C000300 0.0
062 D000300 0.0
062 E000300 0.0
062 F000300 0.0
062 G000300 0.0
062 H000300 0.0
062 I000300 0.0
062 J000300 0.0
062 K000300 0.0
062 L000300 0.0
062 M000300 0.0
062 N000300 0.0
062 O000300 0.0
062 P000300 0.0
062 Q000300 0.0
062 R000300 0.0
063 A000300 0
063 B000300 0.0
066 A000300 Y
066 E000300 Y
067 000300 Y
068 A000300 N
068 B000300 N
069 000300 N
070 A010300 Y
070 A020300 Y
070 B010300 Y
070 B020300 N
070 C010300 Y
070 C020300 N
070 D010300 Y
070 D020300 Y
070 E010300 Y
070 E020300 N
070 F010300 Y
070 F020300 N
<PAGE> PAGE 17
070 G010300 Y
070 G020300 N
070 H010300 Y
070 H020300 N
070 I010300 N
070 I020300 N
070 J010300 N
070 J020300 N
070 K010300 Y
070 K020300 Y
070 L010300 Y
070 L020300 Y
070 M010300 N
070 M020300 N
070 N010300 Y
070 N020300 Y
070 O010300 Y
070 O020300 Y
070 P010300 N
070 P020300 N
070 Q010300 N
070 Q020300 N
070 R010300 N
070 R020300 N
071 A000300 71685
071 B000300 71665
071 C000300 123163
071 D000300 58
072 A000300 6
072 B000300 1725
072 C000300 600
072 D000300 0
072 E000300 55
072 F000300 616
072 G000300 28
072 H000300 0
072 I000300 43
072 J000300 46
072 K000300 15
072 L000300 0
072 M000300 5
072 N000300 19
072 O000300 0
072 P000300 0
072 Q000300 0
072 R000300 6
072 S000300 4
072 T000300 118
072 U000300 0
072 V000300 0
072 W000300 14
<PAGE> PAGE 18
072 X000300 914
072 Y000300 100
072 Z000300 1566
072AA000300 13919
072BB000300 2000
072CC010300 0
072CC020300 1669
072DD010300 952
072DD020300 400
072EE000300 15067
073 A010300 0.1400
073 A020300 0.1700
073 B000300 1.8000
073 C000300 0.0000
074 A000300 0
074 B000300 4483
074 C000300 0
074 D000300 52794
074 E000300 0
074 F000300 77458
074 G000300 0
074 H000300 0
074 I000300 23419
074 J000300 640
074 K000300 0
074 L000300 954
074 M000300 13
074 N000300 159761
074 O000300 1617
074 P000300 2
074 Q000300 0
074 R010300 0
074 R020300 0
074 R030300 0
074 R040300 23547
074 S000300 0
074 T000300 134595
074 U010300 6891
074 U020300 2567
074 V010300 14.23
074 V020300 14.23
074 W000300 0.0000
074 X000300 1958
074 Y000300 0
075 A000300 0
075 B000300 128430
076 000300 0.00
008 A000401 CRABBE HUSON GROUP, INC.
008 B000401 A
008 C000401 801-15154
008 D010401 PORTLAND
<PAGE> PAGE 19
008 D020401 OR
008 D030401 97204
024 000400 N
025 D000401 0
025 D000402 0
025 D000403 0
025 D000404 0
025 D000405 0
025 D000406 0
025 D000407 0
025 D000408 0
028 A010400 6046
028 A020400 0
028 A030400 0
028 A040400 5212
028 B010400 10425
028 B020400 79231
028 B030400 0
028 B040400 13364
028 C010400 6030
028 C020400 351
028 C030400 0
028 C040400 10617
028 D010400 11695
028 D020400 0
028 D030400 0
028 D040400 13150
028 E010400 10306
028 E020400 -1
028 E030400 0
028 E040400 16223
028 F010400 10427
028 F020400 0
028 F030400 0
028 F040400 16558
028 G010400 54929
028 G020400 79581
028 G030400 0
028 G040400 75124
028 H000400 0
042 A000400 15
042 B000400 13
042 C000400 0
042 D000400 57
042 E000400 1
042 F000400 0
042 G000400 0
042 H000400 14
043 000400 476
044 000400 0
045 000400 Y
<PAGE> PAGE 20
046 000400 N
047 000400 Y
048 000400 0.000
048 A010400 100000
048 A020400 1.000
048 B010400 400000
048 B020400 0.850
048 C010400 0
048 C020400 0.000
048 D010400 0
048 D020400 0.000
048 E010400 0
048 E020400 0.000
048 F010400 0
048 F020400 0.000
048 G010400 0
048 G020400 0.000
048 H010400 0
048 H020400 0.000
048 I010400 0
048 I020400 0.000
048 J010400 0
048 J020400 0.000
048 K010400 500000
048 K020400 0.600
055 A000400 Y
055 B000400 Y
056 000400 Y
057 000400 N
058 A000400 N
059 000400 Y
060 A000400 Y
060 B000400 Y
061 000400 2000
062 A000400 N
062 B000400 0.0
062 C000400 0.0
062 D000400 0.0
062 E000400 0.0
062 F000400 0.0
062 G000400 0.0
062 H000400 0.0
062 I000400 0.0
062 J000400 0.0
062 K000400 0.0
062 L000400 0.0
062 M000400 0.0
062 N000400 0.0
062 O000400 0.0
062 P000400 0.0
062 Q000400 0.0
<PAGE> PAGE 21
062 R000400 0.0
063 A000400 0
063 B000400 0.0
066 A000400 Y
066 B000400 N
066 C000400 N
066 D000400 Y
066 E000400 N
066 F000400 N
066 G000400 N
067 000400 N
068 A000400 N
068 B000400 N
069 000400 N
070 A010400 Y
070 A020400 Y
070 B010400 Y
070 B020400 N
070 C010400 Y
070 C020400 N
070 D010400 Y
070 D020400 Y
070 E010400 Y
070 E020400 N
070 F010400 Y
070 F020400 N
070 G010400 Y
070 G020400 N
070 H010400 Y
070 H020400 N
070 I010400 N
070 I020400 N
070 J010400 N
070 J020400 N
070 K010400 Y
070 K020400 Y
070 L010400 Y
070 L020400 Y
070 M010400 Y
070 M020400 N
070 N010400 Y
070 N020400 Y
070 O010400 Y
070 O020400 Y
070 P010400 N
070 P020400 N
070 Q010400 N
070 Q020400 N
070 R010400 N
070 R020400 N
071 A000400 296862
<PAGE> PAGE 22
071 B000400 320283
071 C000400 399556
071 D000400 74
072 A000400 6
072 B000400 598
072 C000400 3225
072 D000400 0
072 E000400 132
072 F000400 1813
072 G000400 86
072 H000400 0
072 I000400 139
072 J000400 85
072 K000400 54
072 L000400 0
072 M000400 16
072 N000400 35
072 O000400 0
072 P000400 2
072 Q000400 0
072 R000400 18
072 S000400 13
072 T000400 476
072 U000400 0
072 V000400 0
072 W000400 50
072 X000400 2787
072 Y000400 62
072 Z000400 1230
072AA000400 73603
072BB000400 10782
072CC010400 0
072CC020400 9699
072DD010400 804
072DD020400 151
072EE000400 82184
073 A010400 0.0500
073 A020400 0.1500
073 B000400 4.7400
073 C000400 0.0000
074 A000400 0
074 B000400 0
074 C000400 11170
074 D000400 0
074 E000400 0
074 F000400 428069
074 G000400 0
074 H000400 0
074 I000400 50254
074 J000400 3467
074 K000400 0
<PAGE> PAGE 23
074 L000400 1432
074 M000400 30
074 N000400 494422
074 O000400 8926
074 P000400 7
074 Q000400 0
074 R010400 0
074 R020400 0
074 R030400 0
074 R040400 50758
074 S000400 0
074 T000400 434731
074 U010400 19076
074 U020400 1601
074 V010400 21.02
074 V020400 21.04
074 W000400 0.0000
074 X000400 8305
074 Y000400 0
075 A000400 0
075 B000400 412560
076 000400 0.00
008 A000501 CRABBE HUSON GROUP, INC.
008 B000501 A
008 C000501 801-15154
008 D010501 PORTLAND
008 D020501 OR
008 D030501 97204
024 000500 Y
025 A000501 JP MORGAN
025 B000501 13-3224016
025 C000501 D
025 D000501 107
025 A000502 BEAR STEARNS
025 B000502 13-3299429
025 C000502 D
025 D000502 51
025 D000503 0
025 D000504 0
025 D000505 0
025 D000506 0
025 D000507 0
025 D000508 0
028 A010500 98
028 A020500 0
028 A030500 0
028 A040500 3
028 B010500 296
028 B020500 16
028 B030500 0
028 B040500 52
<PAGE> PAGE 24
028 C010500 175
028 C020500 106
028 C030500 0
028 C040500 73
028 D010500 461
028 D020500 17
028 D030500 0
028 D040500 79
028 E010500 153
028 E020500 17
028 E030500 0
028 E040500 288
028 F010500 948
028 F020500 38
028 F030500 0
028 F040500 174
028 G010500 2131
028 G020500 194
028 G030500 0
028 G040500 669
028 H000500 0
042 A000500 15
042 B000500 13
042 C000500 0
042 D000500 57
042 E000500 1
042 F000500 0
042 G000500 0
042 H000500 14
043 000500 5
044 000500 0
045 000500 Y
046 000500 N
047 000500 Y
048 000500 0.000
048 A010500 100000
048 A020500 0.750
048 B010500 400000
048 B020500 0.600
048 C010500 0
048 C020500 0.000
048 D010500 0
048 D020500 0.000
048 E010500 0
048 E020500 0.000
048 F010500 0
048 F020500 0.000
048 G010500 0
048 G020500 0.000
048 H010500 0
048 H020500 0.000
<PAGE> PAGE 25
048 I010500 0
048 I020500 0.000
048 J010500 0
048 J020500 0.000
048 K010500 500000
048 K020500 0.500
055 A000500 Y
055 B000500 N
056 000500 Y
057 000500 N
058 A000500 N
059 000500 Y
060 A000500 Y
060 B000500 Y
061 000500 2000
062 A000500 Y
062 B000500 0.0
062 C000500 0.0
062 D000500 0.4
062 E000500 0.0
062 F000500 0.0
062 G000500 0.0
062 H000500 0.0
062 I000500 0.0
062 J000500 0.0
062 K000500 0.0
062 L000500 16.5
062 M000500 40.1
062 N000500 25.2
062 O000500 0.0
062 P000500 17.2
062 Q000500 0.6
062 R000500 0.0
063 A000500 0
063 B000500 20.4
064 A000500 N
064 B000500 N
066 A000500 N
067 000500 N
068 A000500 N
068 B000500 N
069 000500 N
070 A010500 Y
070 A020500 Y
070 B010500 N
070 B020500 N
070 C010500 N
070 C020500 N
070 D010500 N
070 D020500 N
070 E010500 N
<PAGE> PAGE 26
070 E020500 N
070 F010500 N
070 F020500 N
070 G010500 N
070 G020500 N
070 H010500 N
070 H020500 N
070 I010500 N
070 I020500 N
070 J010500 N
070 J020500 N
070 K010500 Y
070 K020500 Y
070 L010500 Y
070 L020500 N
070 M010500 N
070 M020500 N
070 N010500 Y
070 N020500 Y
070 O010500 Y
070 O020500 Y
070 P010500 N
070 P020500 N
070 Q010500 N
070 Q020500 N
070 R010500 N
070 R020500 N
071 A000500 2118
071 B000500 1174
071 C000500 3673
071 D000500 32
072 A000500 6
072 B000500 121
072 C000500 0
072 D000500 0
072 E000500 1
072 F000500 14
072 G000500 1
072 H000500 0
072 I000500 11
072 J000500 6
072 K000500 1
072 L000500 0
072 M000500 0
072 N000500 7
072 O000500 0
072 P000500 0
072 Q000500 0
072 R000500 1
072 S000500 0
072 T000500 5
<PAGE> PAGE 27
072 U000500 0
072 V000500 0
072 W000500 1
072 X000500 46
072 Y000500 31
072 Z000500 107
072AA000500 43
072BB000500 0
072CC010500 0
072CC020500 6
072DD010500 198
072DD020500 0
072EE000500 0
073 A010500 0.5500
073 A020500 0.0000
073 B000500 0.0000
073 C000500 0.0000
074 A000500 0
074 B000500 20
074 C000500 0
074 D000500 4028
074 E000500 0
074 F000500 0
074 G000500 0
074 H000500 0
074 I000500 708
074 J000500 0
074 K000500 0
074 L000500 815
074 M000500 0
074 N000500 5571
074 O000500 0
074 P000500 0
074 Q000500 0
074 R010500 0
074 R020500 0
074 R030500 0
074 R040500 720
074 S000500 0
074 T000500 4851
074 U010500 465
074 U020500 0
074 V010500 10.42
074 V020500 0.00
074 W000500 0.0000
074 X000500 160
074 Y000500 0
075 A000500 0
075 B000500 3817
076 000500 0.00
008 A000601 CRABBE HUSON GROUP, INC.
<PAGE> PAGE 28
008 B000601 A
008 C000601 801-15154
008 D010601 PORTLAND
008 D020601 OR
008 D030601 97204
024 000600 N
025 D000601 0
025 D000602 0
025 D000603 0
025 D000604 0
025 D000605 0
025 D000606 0
025 D000607 0
025 D000608 0
028 A010600 48
028 A020600 0
028 A030600 0
028 A040600 16
028 B010600 22
028 B020600 12
028 B030600 0
028 B040600 170
028 C010600 1404
028 C020600 27
028 C030600 0
028 C040600 1469
028 D010600 29
028 D020600 14
028 D030600 0
028 D040600 343
028 E010600 15
028 E020600 11
028 E030600 0
028 E040600 69
028 F010600 54
028 F020600 26
028 F030600 0
028 F040600 47
028 G010600 1572
028 G020600 90
028 G030600 0
028 G040600 2114
028 H000600 0
042 A000600 15
042 B000600 13
042 C000600 0
042 D000600 57
042 E000600 1
042 F000600 0
042 G000600 0
042 H000600 14
<PAGE> PAGE 29
043 000600 5
044 000600 0
045 000600 Y
046 000600 N
047 000600 Y
048 000600 0.000
048 A010600 500000
048 A020600 0.500
048 B010600 500000
048 B020600 0.450
048 C010600 0
048 C020600 0.000
048 D010600 0
048 D020600 0.000
048 E010600 0
048 E020600 0.000
048 F010600 0
048 F020600 0.000
048 G010600 0
048 G020600 0.000
048 H010600 0
048 H020600 0.000
048 I010600 0
048 I020600 0.000
048 J010600 0
048 J020600 0.000
048 K010600 1000000
048 K020600 0.400
055 A000600 N
055 B000600 Y
056 000600 Y
057 000600 N
058 A000600 N
059 000600 Y
060 A000600 Y
060 B000600 Y
061 000600 2000
062 A000600 Y
062 B000600 0.0
062 C000600 0.0
062 D000600 0.8
062 E000600 0.0
062 F000600 0.0
062 G000600 0.0
062 H000600 0.0
062 I000600 0.0
062 J000600 0.0
062 K000600 0.0
062 L000600 1.1
062 M000600 47.7
062 N000600 50.4
<PAGE> PAGE 30
062 O000600 0.0
062 P000600 0.0
062 Q000600 0.0
062 R000600 0.0
063 A000600 0
063 B000600 5.6
064 A000600 N
064 B000600 N
066 A000600 N
067 000600 N
068 A000600 N
068 B000600 N
069 000600 N
070 A010600 Y
070 A020600 Y
070 B010600 N
070 B020600 N
070 C010600 N
070 C020600 N
070 D010600 N
070 D020600 N
070 E010600 N
070 E020600 N
070 F010600 N
070 F020600 N
070 G010600 N
070 G020600 N
070 H010600 N
070 H020600 N
070 I010600 N
070 I020600 N
070 J010600 N
070 J020600 N
070 K010600 N
070 K020600 N
070 L010600 N
070 L020600 N
070 M010600 N
070 M020600 N
070 N010600 Y
070 N020600 N
070 O010600 Y
070 O020600 Y
070 P010600 N
070 P020600 N
070 Q010600 N
070 Q020600 N
070 R010600 N
070 R020600 N
071 A000600 2464
071 B000600 2955
<PAGE> PAGE 31
071 C000600 4166
071 D000600 59
072 A000600 6
072 B000600 122
072 C000600 0
072 D000600 0
072 E000600 0
072 F000600 10
072 G000600 1
072 H000600 0
072 I000600 11
072 J000600 6
072 K000600 1
072 L000600 0
072 M000600 0
072 N000600 6
072 O000600 0
072 P000600 0
072 Q000600 0
072 R000600 2
072 S000600 0
072 T000600 5
072 U000600 0
072 V000600 0
072 W000600 1
072 X000600 43
072 Y000600 27
072 Z000600 106
072AA000600 38
072BB000600 0
072CC010600 0
072CC020600 29
072DD010600 127
072DD020600 0
072EE000600 0
073 A010600 0.3200
073 A020600 0.0000
073 B000600 0.0000
073 C000600 0.0000
074 A000600 0
074 B000600 33
074 C000600 0
074 D000600 3955
074 E000600 0
074 F000600 0
074 G000600 0
074 H000600 0
074 I000600 0
074 J000600 0
074 K000600 0
074 L000600 61
<PAGE> PAGE 32
074 M000600 0
074 N000600 4049
074 O000600 0
074 P000600 0
074 Q000600 0
074 R010600 0
074 R020600 0
074 R030600 0
074 R040600 19
074 S000600 0
074 T000600 4030
074 U010600 374
074 U020600 0
074 V010600 10.77
074 V020600 0.00
074 W000600 0.0000
074 X000600 126
074 Y000600 0
075 A000600 0
075 B000600 4250
076 000600 0.00
008 A000701 CRABBE HUSON GROUP, INC.
008 B000701 A
008 C000701 801-15154
008 D010701 PORTLAND
008 D020701 OR
008 D030701 97204
024 000700 N
025 D000701 0
025 D000702 0
025 D000703 0
025 D000704 0
025 D000705 0
025 D000706 0
025 D000707 0
025 D000708 0
028 A010700 6827
028 A020700 0
028 A030700 0
028 A040700 4795
028 B010700 5273
028 B020700 92
028 B030700 0
028 B040700 5118
028 C010700 6014
028 C020700 103
028 C030700 0
028 C040700 9604
028 D010700 9537
028 D020700 93
028 D030700 0
<PAGE> PAGE 33
028 D040700 7542
028 E010700 6981
028 E020700 91
028 E030700 0
028 E040700 7191
028 F010700 5737
028 F020700 178
028 F030700 0
028 F040700 7607
028 G010700 40369
028 G020700 557
028 G030700 0
028 G040700 41857
028 H000700 0
042 A000700 15
042 B000700 13
042 C000700 0
042 D000700 57
042 E000700 1
042 F000700 0
042 G000700 0
042 H000700 14
043 000700 37
044 000700 0
045 000700 Y
046 000700 N
047 000700 Y
048 000700 0.000
048 A010700 500000
048 A020700 0.500
048 B010700 500000
048 B020700 0.450
048 C010700 0
048 C020700 0.000
048 D010700 0
048 D020700 0.000
048 E010700 0
048 E020700 0.000
048 F010700 0
048 F020700 0.000
048 G010700 0
048 G020700 0.000
048 H010700 0
048 H020700 0.000
048 I010700 0
048 I020700 0.000
048 J010700 0
048 J020700 0.000
048 K010700 1000000
048 K020700 0.400
055 A000700 Y
<PAGE> PAGE 34
055 B000700 N
056 000700 Y
057 000700 N
058 A000700 N
059 000700 Y
060 A000700 Y
060 B000700 Y
061 000700 2000
062 A000700 Y
062 B000700 0.0
062 C000700 100.0
062 D000700 0.1
062 E000700 0.0
062 F000700 0.0
062 G000700 0.0
062 H000700 0.0
062 I000700 0.0
062 J000700 0.0
062 K000700 0.0
062 L000700 -0.1
062 M000700 0.0
062 N000700 0.0
062 O000700 0.0
062 P000700 0.0
062 Q000700 0.0
062 R000700 0.0
063 A000700 58
063 B000700 0.0
064 A000700 N
064 B000700 N
066 A000700 N
067 000700 N
068 A000700 N
068 B000700 N
069 000700 N
070 A010700 Y
070 A020700 Y
070 B010700 N
070 B020700 N
070 C010700 N
070 C020700 N
070 D010700 N
070 D020700 N
070 E010700 N
070 E020700 N
070 F010700 N
070 F020700 N
070 G010700 N
070 G020700 N
070 H010700 N
070 H020700 N
<PAGE> PAGE 35
070 I010700 N
070 I020700 N
070 J010700 N
070 J020700 N
070 K010700 N
070 K020700 N
070 L010700 N
070 L020700 N
070 M010700 N
070 M020700 N
070 N010700 Y
070 N020700 N
070 O010700 Y
070 O020700 Y
070 P010700 N
070 P020700 N
070 Q010700 N
070 Q020700 N
070 R010700 N
070 R020700 N
071 A000700 0
071 B000700 0
071 C000700 0
071 D000700 0
072 A000700 6
072 B000700 805
072 C000700 0
072 D000700 0
072 E000700 0
072 F000700 73
072 G000700 6
072 H000700 0
072 I000700 25
072 J000700 13
072 K000700 5
072 L000700 0
072 M000700 1
072 N000700 9
072 O000700 0
072 P000700 0
072 Q000700 0
072 R000700 2
072 S000700 1
072 T000700 37
072 U000700 0
072 V000700 0
072 W000700 6
072 X000700 178
072 Y000700 76
072 Z000700 703
072AA000700 0
<PAGE> PAGE 36
072BB000700 0
072CC010700 0
072CC020700 0
072DD010700 703
072DD020700 0
072EE000700 0
073 A010700 0.0200
073 A020700 0.0000
073 B000700 0.0000
073 C000700 0.0000
074 A000700 0
074 B000700 38
074 C000700 27610
074 D000700 0
074 E000700 0
074 F000700 0
074 G000700 0
074 H000700 0
074 I000700 0
074 J000700 0
074 K000700 0
074 L000700 333
074 M000700 1
074 N000700 27982
074 O000700 0
074 P000700 1
074 Q000700 0
074 R010700 0
074 R020700 0
074 R030700 0
074 R040700 374
074 S000700 0
074 T000700 27607
074 U010700 27607
074 U020700 0
074 V010700 1.00
074 V020700 0.00
074 W000700 0.9998
074 X000700 874
074 Y000700 0
075 A000700 29482
075 B000700 0
076 000700 0.00
008 A000801 CRABBE HUSON GROUP, INC.
008 B000801 A
008 C000801 801-15154
008 D010801 PORTLAND
008 D020801 OR
008 D030801 97204
008 A000802 DELETE
024 000800 N
<PAGE> PAGE 37
025 D000801 0
025 D000802 0
025 D000803 0
025 D000804 0
025 D000805 0
025 D000806 0
025 D000807 0
025 D000808 0
028 A010800 331
028 A020800 1
028 A030800 0
028 A040800 3378
028 B010800 1824
028 B020800 3589
028 B030800 0
028 B040800 1589
028 C010800 1622
028 C020800 61
028 C030800 0
028 C040800 3527
028 D010800 1400
028 D020800 26
028 D030800 0
028 D040800 2021
028 E010800 1087
028 E020800 0
028 E030800 0
028 E040800 1396
028 F010800 1609
028 F020800 309
028 F030800 0
028 F040800 3258
028 G010800 7872
028 G020800 3986
028 G030800 0
028 G040800 15169
028 H000800 0
042 A000800 15
042 B000800 13
042 C000800 0
042 D000800 57
042 E000800 1
042 F000800 0
042 G000800 0
042 H000800 14
043 000800 38
044 000800 0
045 000800 Y
046 000800 N
047 000800 Y
048 000800 0.000
<PAGE> PAGE 38
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
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
<PAGE> PAGE 39
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
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 15757
071 B000800 20218
071 C000800 28899
071 D000800 55
<PAGE> PAGE 40
072 A000800 6
072 B000800 44
072 C000800 680
072 D000800 0
072 E000800 17
072 F000800 153
072 G000800 7
072 H000800 0
072 I000800 17
072 J000800 13
072 K000800 2
072 L000800 0
072 M000800 1
072 N000800 10
072 O000800 0
072 P000800 0
072 Q000800 0
072 R000800 3
072 S000800 1
072 T000800 38
072 U000800 15
072 V000800 0
072 W000800 3
072 X000800 263
072 Y000800 34
072 Z000800 512
072AA000800 3273
072BB000800 142
072CC010800 0
072CC020800 2795
072DD010800 512
072DD020800 0
072EE000800 3695
073 A010800 0.2300
073 A020800 0.0000
073 B000800 1.6900
073 C000800 0.0000
074 A000800 0
074 B000800 0
074 C000800 0
074 D000800 0
074 E000800 0
074 F000800 26903
074 G000800 0
074 H000800 0
074 I000800 4791
074 J000800 660
074 K000800 0
074 L000800 198
074 M000800 34
074 N000800 32586
<PAGE> PAGE 41
074 O000800 0
074 P000800 1
074 Q000800 0
074 R010800 0
074 R020800 0
074 R030800 0
074 R040800 4996
074 S000800 0
074 T000800 27589
074 U010800 2197
074 U020800 0
074 V010800 12.56
074 V020800 0.00
074 W000800 0.0000
074 X000800 671
074 Y000800 0
075 A000800 0
075 B000800 30822
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-31-1998
<PERIOD-START> NOV-01-1998
<PERIOD-END> APR-30-1998
<INVESTMENTS-AT-COST> 137196395
<INVESTMENTS-AT-VALUE> 148878776
<RECEIVABLES> 960996
<ASSETS-OTHER> 108844
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 149948616
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 163242
<TOTAL-LIABILITIES> 163242
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 137123151
<SHARES-COMMON-STOCK> 2675574
<SHARES-COMMON-PRIOR> 2749895
<ACCUMULATED-NII-CURRENT> (287164)
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 1267006
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 11682381
<NET-ASSETS> 149785374
<DIVIDEND-INCOME> 201825
<INTEREST-INCOME> 379460
<OTHER-INCOME> 0
<EXPENSES-NET> (751549)
<NET-INVESTMENT-INCOME> (170264)
<REALIZED-GAINS-CURRENT> 1267934
<APPREC-INCREASE-CURRENT> 1860843
<NET-CHANGE-FROM-OPS> 2958513
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> (3251640)
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 12848896
<NUMBER-OF-SHARES-REDEEMED> (17328632)
<SHARES-REINVESTED> 3079615
<NET-CHANGE-IN-ASSETS> (3251640)
<ACCUMULATED-NII-PRIOR> 239000
<ACCUMULATED-GAINS-PRIOR> 10882100
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 631257
<INTEREST-EXPENSE> 633
<GROSS-EXPENSE> 832483
<AVERAGE-NET-ASSETS> 38881666
<PER-SHARE-NAV-BEGIN> 15.58
<PER-SHARE-NII> (0.04)
<PER-SHARE-GAIN-APPREC> (0.07)
<PER-SHARE-DIVIDEND> 0.00
<PER-SHARE-DISTRIBUTIONS> (1.24)
<RETURNS-OF-CAPITAL> 0.00
<PER-SHARE-NAV-END> 14.13
<EXPENSE-RATIO> 1.50
<AVG-DEBT-OUTSTANDING> 19983
<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-31-1998
<PERIOD-START> NOV-01-1998
<PERIOD-END> APR-30-1998
<INVESTMENTS-AT-COST> 137196395
<INVESTMENTS-AT-VALUE> 148878776
<RECEIVABLES> 960996
<ASSETS-OTHER> 108844
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 149948616
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 163242
<TOTAL-LIABILITIES> 163242
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 137123151
<SHARES-COMMON-STOCK> 7912096
<SHARES-COMMON-PRIOR> 4612610
<ACCUMULATED-NII-CURRENT> (287164)
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 1267006
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 11682381
<NET-ASSETS> 149785374
<DIVIDEND-INCOME> 201825
<INTEREST-INCOME> 379460
<OTHER-INCOME> 0
<EXPENSES-NET> (751549)
<NET-INVESTMENT-INCOME> (170264)
<REALIZED-GAINS-CURRENT> 1267934
<APPREC-INCREASE-CURRENT> 1860843
<NET-CHANGE-FROM-OPS> 2958513
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (68736)
<DISTRIBUTIONS-OF-GAINS> (7631388)
<DISTRIBUTIONS-OTHER> (287164)
<NUMBER-OF-SHARES-SOLD> 58219388
<NUMBER-OF-SHARES-REDEEMED> (20959012)
<SHARES-REINVESTED> 7987258
<NET-CHANGE-IN-ASSETS> (3251640)
<ACCUMULATED-NII-PRIOR> 239000
<ACCUMULATED-GAINS-PRIOR> 10882100
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 631257
<INTEREST-EXPENSE> 633
<GROSS-EXPENSE> 832483
<AVERAGE-NET-ASSETS> 93233078
<PER-SHARE-NAV-BEGIN> 15.53
<PER-SHARE-NII> (0.01)
<PER-SHARE-GAIN-APPREC> (0.07)
<PER-SHARE-DIVIDEND> (0.06)
<PER-SHARE-DISTRIBUTIONS> (1.24)
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 14.15
<EXPENSE-RATIO> 1.00
<AVG-DEBT-OUTSTANDING> 19983
<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-31-1998
<PERIOD-START> NOV-01-1997
<PERIOD-END> APR-30-1998
<INVESTMENTS-AT-COST> 25461504
<INVESTMENTS-AT-VALUE> 26528739
<RECEIVABLES> 372271
<ASSETS-OTHER> 1555
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 26902565
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 578559
<TOTAL-LIABILITIES> 578559
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 24834270
<SHARES-COMMON-STOCK> 2075628
<SHARES-COMMON-PRIOR> 2072951
<ACCUMULATED-NII-CURRENT> 169838
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 252663
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 1067235
<NET-ASSETS> 26324006
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 677287
<OTHER-INCOME> 0
<EXPENSES-NET> (128358)
<NET-INVESTMENT-INCOME> 548929
<REALIZED-GAINS-CURRENT> 252664
<APPREC-INCREASE-CURRENT> (372109)
<NET-CHANGE-FROM-OPS> 429484
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (548929)
<DISTRIBUTIONS-OF-GAINS> (71383)
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 1466111
<NUMBER-OF-SHARES-REDEEMED> (1915690)
<SHARES-REINVESTED> 477166
<NET-CHANGE-IN-ASSETS> (163241)
<ACCUMULATED-NII-PRIOR> 169838
<ACCUMULATED-GAINS-PRIOR> 71382
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 65489
<INTEREST-EXPENSE> 313
<GROSS-EXPENSE> 142726
<AVERAGE-NET-ASSETS> 26412599
<PER-SHARE-NAV-BEGIN> 12.78
<PER-SHARE-NII> 0.27
<PER-SHARE-GAIN-APPREC> (0.07)
<PER-SHARE-DIVIDEND> (0.27)
<PER-SHARE-DISTRIBUTIONS> (0.03)
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 12.68
<EXPENSE-RATIO> 0.98
<AVG-DEBT-OUTSTANDING> 7376
<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-31-1998
<PERIOD-START> NOV-01-1997
<PERIOD-END> APR-30-1998
<INVESTMENTS-AT-COST> 148537527
<INVESTMENTS-AT-VALUE> 158154198
<RECEIVABLES> 1594242
<ASSETS-OTHER> 12430
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 159760870
<PAYABLE-FOR-SECURITIES> 1617386
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 23548574
<TOTAL-LIABILITIES> 25165960
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 113006628
<SHARES-COMMON-STOCK> 6890721
<SHARES-COMMON-PRIOR> 6423388
<ACCUMULATED-NII-CURRENT> 192439
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 11779172
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 9616671
<NET-ASSETS> 134594910
<DIVIDEND-INCOME> 599810
<INTEREST-INCOME> 1724574
<OTHER-INCOME> 54734
<EXPENSES-NET> (813579)
<NET-INVESTMENT-INCOME> 1565539
<REALIZED-GAINS-CURRENT> 11918968
<APPREC-INCREASE-CURRENT> (1668457)
<NET-CHANGE-FROM-OPS> 11816050
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (952092)
<DISTRIBUTIONS-OF-GAINS> (11232637)
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 7855008
<NUMBER-OF-SHARES-REDEEMED> (13572162)
<SHARES-REINVESTED> 11361487
<NET-CHANGE-IN-ASSETS> 10037134
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 14927468
<OVERDISTRIB-NII-PRIOR> (20757)
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 615727
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 913789
<AVERAGE-NET-ASSETS> 95031109
<PER-SHARE-NAV-BEGIN> 14.94
<PER-SHARE-NII> 0.16
<PER-SHARE-GAIN-APPREC> 1.07
<PER-SHARE-DIVIDEND> (0.14)
<PER-SHARE-DISTRIBUTIONS> (1.80)
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 14.23
<EXPENSE-RATIO> 1.38
<AVG-DEBT-OUTSTANDING> 0
<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> 6-MOS
<FISCAL-YEAR-END> OCT-31-1998
<PERIOD-START> NOV-01-1997
<PERIOD-END> APR-30-1998
<INVESTMENTS-AT-COST> 148537527
<INVESTMENTS-AT-VALUE> 158154198
<RECEIVABLES> 1594242
<ASSETS-OTHER> 12430
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 159760870
<PAYABLE-FOR-SECURITIES> 1617386
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 23548574
<TOTAL-LIABILITIES> 25165960
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 113006628
<SHARES-COMMON-STOCK> 2567179
<SHARES-COMMON-PRIOR> 1914454
<ACCUMULATED-NII-CURRENT> 192439
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 11779172
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 9616671
<NET-ASSETS> 134594910
<DIVIDEND-INCOME> 599810
<INTEREST-INCOME> 1724574
<OTHER-INCOME> 54734
<EXPENSES-NET> (813579)
<NET-INVESTMENT-INCOME> 1565539
<REALIZED-GAINS-CURRENT> 11918968
<APPREC-INCREASE-CURRENT> (1668457)
<NET-CHANGE-FROM-OPS> 11816050
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (400251)
<DISTRIBUTIONS-OF-GAINS> (3834627)
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 5282551
<NUMBER-OF-SHARES-REDEEMED> (521064)
<SHARES-REINVESTED> 4234871
<NET-CHANGE-IN-ASSETS> 10037134
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 14927468
<OVERDISTRIB-NII-PRIOR> (20757)
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 615727
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 913789
<AVERAGE-NET-ASSETS> 33399117
<PER-SHARE-NAV-BEGIN> 14.94
<PER-SHARE-NII> 0.20
<PER-SHARE-GAIN-APPREC> 1.06
<PER-SHARE-DIVIDEND> (0.17)
<PER-SHARE-DISTRIBUTIONS> (1.80)
<RETURNS-OF-CAPITAL> 0.00
<PER-SHARE-NAV-END> 14.23
<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-31-1998
<PERIOD-START> NOV-01-1997
<PERIOD-END> APR-30-1998
<INVESTMENTS-AT-COST> 441995184
<INVESTMENTS-AT-VALUE> 489492228
<RECEIVABLES> 4899510
<ASSETS-OTHER> 30491
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 494422229
<PAYABLE-FOR-SECURITIES> 8926315
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 50765400
<TOTAL-LIABILITIES> 59691715
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 324805259
<SHARES-COMMON-STOCK> 19075645
<SHARES-COMMON-PRIOR> 16298398
<ACCUMULATED-NII-CURRENT> 1170151
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 61258060
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 47497044
<NET-ASSETS> 434730514
<DIVIDEND-INCOME> 3225075
<INTEREST-INCOME> 598201
<OTHER-INCOME> 132094
<EXPENSES-NET> (2725251)
<NET-INVESTMENT-INCOME> 1230119
<REALIZED-GAINS-CURRENT> 62821270
<APPREC-INCREASE-CURRENT> (9698528)
<NET-CHANGE-FROM-OPS> 54352861
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (804291)
<DISTRIBUTIONS-OF-GAINS> (77290554)
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 48127724
<NUMBER-OF-SHARES-REDEEMED> (73933497)
<SHARES-REINVESTED> 74537052
<NET-CHANGE-IN-ASSETS> 30599388
<ACCUMULATED-NII-PRIOR> 895302
<ACCUMULATED-GAINS-PRIOR> 80620671
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 1813351
<INTEREST-EXPENSE> 1729
<GROSS-EXPENSE> 2786839
<AVERAGE-NET-ASSETS> 384299008
<PER-SHARE-NAV-BEGIN> 23.32
<PER-SHARE-NII> 0.06
<PER-SHARE-GAIN-APPREC> 2.43
<PER-SHARE-DIVIDEND> (0.05)
<PER-SHARE-DISTRIBUTIONS> (4.74)
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 21.02
<EXPENSE-RATIO> 1.36
<AVG-DEBT-OUTSTANDING> 47731
<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-31-1998
<PERIOD-START> NOV-01-1997
<PERIOD-END> APR-30-1998
<INVESTMENTS-AT-COST> 441995184
<INVESTMENTS-AT-VALUE> 489492228
<RECEIVABLES> 4899510
<ASSETS-OTHER> 30491
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 494422229
<PAYABLE-FOR-SECURITIES> 8926315
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 50765400
<TOTAL-LIABILITIES> 59691715
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 324805259
<SHARES-COMMON-STOCK> 1600761
<SHARES-COMMON-PRIOR> 1029364
<ACCUMULATED-NII-CURRENT> 1170151
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 61258060
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 47497044
<NET-ASSETS> 434730514
<DIVIDEND-INCOME> 3225075
<INTEREST-INCOME> 598201
<OTHER-INCOME> 132094
<EXPENSES-NET> (2725251)
<NET-INVESTMENT-INCOME> 1230119
<REALIZED-GAINS-CURRENT> 62821270
<APPREC-INCREASE-CURRENT> (9698528)
<NET-CHANGE-FROM-OPS> 54352861
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (150979)
<DISTRIBUTIONS-OF-GAINS> (4893327)
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 6800871
<NUMBER-OF-SHARES-REDEEMED> (1190765)
<SHARES-REINVESTED> 5044293
<NET-CHANGE-IN-ASSETS> 30599388
<ACCUMULATED-NII-PRIOR> 895302
<ACCUMULATED-GAINS-PRIOR> 80620671
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 1813351
<INTEREST-EXPENSE> 1729
<GROSS-EXPENSE> 2786839
<AVERAGE-NET-ASSETS> 28260599
<PER-SHARE-NAV-BEGIN> 23.40
<PER-SHARE-NII> 0.10
<PER-SHARE-GAIN-APPREC> 2.43
<PER-SHARE-DIVIDEND> (0.15)
<PER-SHARE-DISTRIBUTIONS> (4.74)
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 21.04
<EXPENSE-RATIO> 1.00
<AVG-DEBT-OUTSTANDING> 47731
<AVG-DEBT-PER-SHARE> 0
</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-31-1998
<PERIOD-START> NOV-01-1997
<PERIOD-END> APR-30-1998
<INVESTMENTS-AT-COST> 4628555
<INVESTMENTS-AT-VALUE> 4756490
<RECEIVABLES> 814040
<ASSETS-OTHER> 225
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 5570755
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 719973
<TOTAL-LIABILITIES> 719973
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 4759710
<SHARES-COMMON-STOCK> 465361
<SHARES-COMMON-PRIOR> 306970
<ACCUMULATED-NII-CURRENT> 319
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (37182)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 127935
<NET-ASSETS> 4850782
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 121812
<OTHER-INCOME> 767
<EXPENSES-NET> (15143)
<NET-INVESTMENT-INCOME> 107436
<REALIZED-GAINS-CURRENT> 42546
<APPREC-INCREASE-CURRENT> (5504)
<NET-CHANGE-FROM-OPS> 144478
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (198028)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 2131424
<NUMBER-OF-SHARES-REDEEMED> (668839)
<SHARES-REINVESTED> 193595
<NET-CHANGE-IN-ASSETS> 1602630
<ACCUMULATED-NII-PRIOR> 90911
<ACCUMULATED-GAINS-PRIOR> (79728)
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 14196
<INTEREST-EXPENSE> 49
<GROSS-EXPENSE> 46347
<AVERAGE-NET-ASSETS> 3816978
<PER-SHARE-NAV-BEGIN> 10.58
<PER-SHARE-NII> .25
<PER-SHARE-GAIN-APPREC> 0.14
<PER-SHARE-DIVIDEND> (0.55)
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 10.42
<EXPENSE-RATIO> 0.80
<AVG-DEBT-OUTSTANDING> 162
<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-31-1998
<PERIOD-START> NOV-01-1997
<PERIOD-END> APR-30-1998
<INVESTMENTS-AT-COST> 3982780
<INVESTMENTS-AT-VALUE> 3987995
<RECEIVABLES> 60922
<ASSETS-OTHER> 228
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 4049145
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 18878
<TOTAL-LIABILITIES> 18878
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 4018302
<SHARES-COMMON-STOCK> 374070
<SHARES-COMMON-PRIOR> 415851
<ACCUMULATED-NII-CURRENT> (981)
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 7731
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 5215
<NET-ASSETS> 4030267
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 121754
<OTHER-INCOME> 0
<EXPENSES-NET> (15821)
<NET-INVESTMENT-INCOME> 105933
<REALIZED-GAINS-CURRENT> 38066
<APPREC-INCREASE-CURRENT> (28694)
<NET-CHANGE-FROM-OPS> 115305
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (126349)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> (981)
<NUMBER-OF-SHARES-SOLD> 1571816
<NUMBER-OF-SHARES-REDEEMED> (2114212)
<SHARES-REINVESTED> 90469
<NET-CHANGE-IN-ASSETS> (463952)
<ACCUMULATED-NII-PRIOR> 20416
<ACCUMULATED-GAINS-PRIOR> (30335)
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 10548
<INTEREST-EXPENSE> 60
<GROSS-EXPENSE> 43220
<AVERAGE-NET-ASSETS> 4250361
<PER-SHARE-NAV-BEGIN> 10.81
<PER-SHARE-NII> 0.27
<PER-SHARE-GAIN-APPREC> 0.01
<PER-SHARE-DIVIDEND> (0.32)
<PER-SHARE-DISTRIBUTIONS> 0.00
<RETURNS-OF-CAPITAL> 0.00
<PER-SHARE-NAV-END> 10.77
<EXPENSE-RATIO> .75
<AVG-DEBT-OUTSTANDING> 1943
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0001003129
<NAME> CRABBE HUSON FUNDS
<SERIES>
<NUMBER> 71
<NAME> CRABBE HUSON US GOVERNMENT FUND
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> OCT-31-1998
<PERIOD-START> NOV-01-1997
<PERIOD-END> APR-30-1998
<INVESTMENTS-AT-COST> 27648142
<INVESTMENTS-AT-VALUE> 27648142
<RECEIVABLES> 333541
<ASSETS-OTHER> 570
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 27982253
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 375076
<TOTAL-LIABILITIES> 375076
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 27610119
<SHARES-COMMON-STOCK> 27607177
<SHARES-COMMON-PRIOR> 28537840
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 0
<OVERDISTRIBUTION-GAINS> (2942)
<ACCUM-APPREC-OR-DEPREC> 0
<NET-ASSETS> 27607177
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 805511
<OTHER-INCOME> 0
<EXPENSES-NET> (102336)
<NET-INVESTMENT-INCOME> 703175
<REALIZED-GAINS-CURRENT> 0
<APPREC-INCREASE-CURRENT> 0
<NET-CHANGE-FROM-OPS> 703175
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (703175)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 40369240
<NUMBER-OF-SHARES-REDEEMED> (41857073)
<SHARES-REINVESTED> 557170
<NET-CHANGE-IN-ASSETS> (930663)
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> (2942)
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 73097
<INTEREST-EXPENSE> 1
<GROSS-EXPENSE> 178394
<AVERAGE-NET-ASSETS> 29481804
<PER-SHARE-NAV-BEGIN> 1.00
<PER-SHARE-NII> 0.02
<PER-SHARE-GAIN-APPREC> 0
<PER-SHARE-DIVIDEND> (0.02)
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 1.00
<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> 81
<NAME> CRABBE HUSON REAL ESTATE INVESTMENT FUND
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> OCT-31-1998
<PERIOD-START> NOV-01-1997
<PERIOD-END> APR-30-1998
<INVESTMENTS-AT-COST> 30272845
<INVESTMENTS-AT-VALUE> 31694568
<RECEIVABLES> 857701
<ASSETS-OTHER> 33363
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 32585632
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 4996369
<TOTAL-LIABILITIES> 4996369
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 22997775
<SHARES-COMMON-STOCK> 2197315
<SHARES-COMMON-PRIOR> 2430942
<ACCUMULATED-NII-CURRENT> 39442
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 3130323
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 1421723
<NET-ASSETS> 27589263
<DIVIDEND-INCOME> 679539
<INTEREST-INCOME> 43901
<OTHER-INCOME> 17414
<EXPENSES-NET> (229259)
<NET-INVESTMENT-INCOME> 511595
<REALIZED-GAINS-CURRENT> 3130685
<APPREC-INCREASE-CURRENT> (2794874)
<NET-CHANGE-FROM-OPS> 847406
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (511590)
<DISTRIBUTIONS-OF-GAINS> (3695066)
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 7873399
<NUMBER-OF-SHARES-REDEEMED> (15169257)
<SHARES-REINVESTED> 3985819
<NET-CHANGE-IN-ASSETS> (6669289)
<ACCUMULATED-NII-PRIOR> 39437
<ACCUMULATED-GAINS-PRIOR> 3694704
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 152839
<INTEREST-EXPENSE> 360
<GROSS-EXPENSE> 263668
<AVERAGE-NET-ASSETS> 30821780
<PER-SHARE-NAV-BEGIN> 14.09
<PER-SHARE-NII> 0.23
<PER-SHARE-GAIN-APPREC> 0.16
<PER-SHARE-DIVIDEND> (0.23)
<PER-SHARE-DISTRIBUTIONS> (1.69)
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 12.56
<EXPENSE-RATIO> 1.5
<AVG-DEBT-OUTSTANDING> 12829
<AVG-DEBT-PER-SHARE> 0
</TABLE>
