STEIN ROE ADVISOR TRUST
NSAR-B, 1998-08-31
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<PAGE>      PAGE  1
000 B000000 06/30/98
000 C000000 0001020520
000 D000000 N
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001 A000000 STEIN ROE ADVISOR TRUST
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007 C020800 STEIN ROE ADVISOR INTERMEDIATE BOND FUND
007 C030800 N
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007 C020900 STEIN ROE ADVISOR INCOME FUND
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007 C021000 STEIN ROE ADVISOR HIGH-YIELD MUNICIPALS FUND
007 C031000 N
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<PAGE>      PAGE  2
012 A00AA02 DELETE
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014 A00AA03 LIBERTY SECURITIES CORPORATION
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<PAGE>      PAGE  3
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<PAGE>      PAGE  4
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<PAGE>      PAGE  6
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<PAGE>      PAGE  7
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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  25
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<PAGE>      PAGE  26
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<PAGE>      PAGE  27
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<PAGE>      PAGE  28
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<PAGE>      PAGE  29
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<PAGE>      PAGE  30
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<PAGE>      PAGE  32
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<PAGE>      PAGE  33
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<PAGE>      PAGE  34
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<PAGE>      PAGE  35
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SIGNATURE   THOMAS W. BUTCH                              
TITLE       PRESIDENT           
 


<TABLE> <S> <C>

<ARTICLE> 6
<SERIES>
   <NUMBER> 8
   <NAME> STEIN ROE ADVISOR INTERMEDIATE BOND FUND
       
<S>                             <C>
<PERIOD-TYPE>                   YEAR
<FISCAL-YEAR-END>                          JUN-30-1998
<PERIOD-END>                               JUN-30-1998
<INVESTMENTS-AT-COST>                                0
<INVESTMENTS-AT-VALUE>                            2124
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<NET-ASSETS>                                      2122
<DIVIDEND-INCOME>                                    0
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</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<SERIES>
   <NUMBER> 9
   <NAME> STEIN ROE ADVISOR INCOME FUND
       
<S>                             <C>
<PERIOD-TYPE>                   YEAR
<FISCAL-YEAR-END>                          JUN-30-1998
<PERIOD-END>                               JUN-30-1998
<INVESTMENTS-AT-COST>                                0
<INVESTMENTS-AT-VALUE>                             102
<RECEIVABLES>                                        0
<ASSETS-OTHER>                                      18
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                                     120
<PAYABLE-FOR-SECURITIES>                             0
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                           18
<TOTAL-LIABILITIES>                                 18
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                           102
<SHARES-COMMON-STOCK>                               10
<SHARES-COMMON-PRIOR>                                0
<ACCUMULATED-NII-CURRENT>                            0
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                            (1)
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                             1
<NET-ASSETS>                                       102
<DIVIDEND-INCOME>                                    0
<INTEREST-INCOME>                                    3
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                       0
<NET-INVESTMENT-INCOME>                              3
<REALIZED-GAINS-CURRENT>                           (1)
<APPREC-INCREASE-CURRENT>                            1
<NET-CHANGE-FROM-OPS>                                3
<EQUALIZATION>                                       0
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<NUMBER-OF-SHARES-SOLD>                             10
<NUMBER-OF-SHARES-REDEEMED>                          0
<SHARES-REINVESTED>                                  0
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<ACCUMULATED-NII-PRIOR>                              0
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<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                                0
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                     28
<AVERAGE-NET-ASSETS>                               101
<PER-SHARE-NAV-BEGIN>                            10.00
<PER-SHARE-NII>                                    .26
<PER-SHARE-GAIN-APPREC>                          (.05)
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<PER-SHARE-DISTRIBUTIONS>                            0
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                               9.95
<EXPENSE-RATIO>                                   1.10
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        

</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<SERIES>
   <NUMBER> 10
   <NAME> STEIN ROE ADVISOR HIGH-YIELD MUNICIPALS FUND
       
<S>                             <C>
<PERIOD-TYPE>                   YEAR
<FISCAL-YEAR-END>                          JUN-30-1998
<PERIOD-END>                               JUN-30-1998
<INVESTMENTS-AT-COST>                                0
<INVESTMENTS-AT-VALUE>                            1023
<RECEIVABLES>                                       10
<ASSETS-OTHER>                                      18
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                                    1051
<PAYABLE-FOR-SECURITIES>                             0
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                           22
<TOTAL-LIABILITIES>                                 22
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                          1030
<SHARES-COMMON-STOCK>                              103
<SHARES-COMMON-PRIOR>                                0
<ACCUMULATED-NII-CURRENT>                            0
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                            (2)
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                             1
<NET-ASSETS>                                      1029
<DIVIDEND-INCOME>                                    0
<INTEREST-INCOME>                                   12
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                       2
<NET-INVESTMENT-INCOME>                             10
<REALIZED-GAINS-CURRENT>                           (2)
<APPREC-INCREASE-CURRENT>                            1
<NET-CHANGE-FROM-OPS>                                9
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                           10
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                            108
<NUMBER-OF-SHARES-REDEEMED>                          5
<SHARES-REINVESTED>                                  0
<NET-CHANGE-IN-ASSETS>                            1029
<ACCUMULATED-NII-PRIOR>                              0
<ACCUMULATED-GAINS-PRIOR>                            0
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
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<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                     31
<AVERAGE-NET-ASSETS>                               472
<PER-SHARE-NAV-BEGIN>                            10.00
<PER-SHARE-NII>                                    .20
<PER-SHARE-GAIN-APPREC>                          (.06)
<PER-SHARE-DIVIDEND>                               .20
<PER-SHARE-DISTRIBUTIONS>                            0
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                               9.94
<EXPENSE-RATIO>                                   1.10
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        

</TABLE>


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