STEIN ROE ADVISOR TRUST
NSAR-B, 1998-11-30
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<PAGE>      PAGE  1
000 B000000 09/30/98
000 C000000 0001020520
000 D000000 N
000 E000000 NF
000 F000000 Y
000 G000000 N
000 H000000 N
000 I000000 3.0
000 J000000 U
001 A000000 STEIN ROE ADVISOR TRUST
001 B000000 811-07955
001 C000000 3123682503
002 A000000 1 SOUTH WACKER DRIVE
002 B000000 CHICAGO
002 C000000 IL
002 D010000 60606
002 D020000 4685
003  000000 N
004  000000 N
005  000000 N
006  000000 N
007 A000000 Y
007 B000000 10
007 C010100  1
007 C020100 STEIN ROE ADVISOR GROWTH & INCOME FUND
007 C030100 N
007 C010200  2
007 C020200 STEIN ROE ADVISOR INTERNATIONAL FUND
007 C030200 Y
007 C010300  3
007 C020300 STEIN ROE ADVISOR YOUNG INVESTOR FUND
007 C030300 N
007 C010400  4
007 C020400 STEIN ROE ADVISOR SPECIAL VENTURE FUND
007 C030400 Y
007 C010500  5
007 C020500 STEIN ROE ADVISOR BALANCED FUND
007 C030500 Y
007 C010600  6
007 C020600 STEIN ROE ADVISOR GROWTH STOCK FUND
007 C030600 N
007 C010700  7
007 C020700 STEIN ROE ADVISOR SPECIAL FUND
007 C030700 N
007 C010800  8
007 C010900  9
007 C011000 10
011 A00AA01 LIBERTY FUNDS DISTRIBUTOR, INC.
011 B00AA01 8-44998
011 C01AA01 BOSTON
011 C02AA01 MA
<PAGE>      PAGE  2
011 C03AA01 02210
011 C04AA01 2214
012 A00AA01 DELETE
012 A00AA02 LIBERTY FUNDS SERVICES, INC.
012 B00AA02 84-1329
012 C01AA02 BOSTON
012 C02AA02 MA
012 C03AA02 02111
012 C04AA02 2621
013 A00AA01 ARTHUR ANDERSEN LLP
013 B01AA01 CHICAGO
013 B02AA01 IL
013 B03AA01 60603
013 B04AA01 5385
014 A00AA01 LIBERTY FUNDS DISTRIBUTOR, INC.
014 B00AA01 8-44998
014 A00AA02 KEYPORT FINANCIAL SERVICES CORP.
014 B00AA02 8-24435
014 A00AA03 LIBERTY SECURITIES CORPORATION
014 B00AA03 8-30670
014 A00AA04 INDEPENDENT FINANCIAL SECURITIES
014 B00AA04 8-37918
015 A00AA01 STATE STREET BANK AND TRUST COMPANY
015 B00AA01 C
015 C01AA01 BOSTON
015 C02AA01 MA
015 C03AA01 02105
015 E01AA01 X
015 A00AA02 CITIBANK, N.A.
015 B00AA02 S
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015 A00AA03 WESTPAC BANKING CORPORATION
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015 A00AA04 GIROCREDIT BANK AKTIENGESELLSCHAFT DER SPARKA
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<PAGE>      PAGE  3
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015 A00AA06 CANADA TRUSTCO MORTGAGE COMPANY
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015 C01AA06 TORONTO
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015 A00AA07 DEN DANSKE BANK
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015 A00AA08 MERITA BANK LIMITED
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015 A00AA11 STANDARD CHARTERED BANK
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<PAGE>      PAGE  4
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015 A00AA15 ANZ BANKING GROUP (NEW ZEALAND) LIMITED
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015 A00AA16 CHRISTIANIA BANK OG KREDITKASSE
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<PAGE>      PAGE  5
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015 A00AA27 BANK OF IRELAND
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015 A00AA28 HONGKONG & SHANGHAI BANKING CORP, LTD.
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<PAGE>      PAGE  6
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015 A00AA34 BARCLAYS BANK OF GHANA LIMITED
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015 C01AA34 ACCRA
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015 A00AA35 CITIBANK POLAND S.A.
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015 C01AA35 WARSAW
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015 E04AA35 X
015 A00AA36 CITIBANK, N.A.
015 B00AA36 S
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015 A00AA37 CITIBANK POLAND S.A.
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015 A00AA39 CITIBANK, N.A.
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015 C01AA39 SAO PAULO
015 D01AA39 BRAZIL
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015 E01AA39 X
015 A00AA40 CITITRUST COLUMBIA S.A. SOCIEDAD FIDUCIARIA
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015 C01AA40 BOGOTA
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015 E04AA40 X
015 A00AA41 NATIONAL BANK OF GREECE S.A.
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<PAGE>      PAGE  7
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015 A00AA42 BANK HAPOALIM B.M.
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015 C01AA42 TEL AVIV
015 D01AA42 ISRAEL
015 E04AA42 X
015 A00AA43 HONGKONG AND SHANGHAI BANKING CORPORATION LTD
015 B00AA43 S
015 C01AA43 BOMBAY
015 D01AA43 INDIA
015 E04AA43 X
015 A00AA44 NATIONAL BANK OF EGYPT
015 B00AA44 S
015 C01AA44 CAIRO
015 D01AA44 EGYPT
015 E04AA44 X
015 A00AA45 CITIBANK BUDAPEST RT.
015 B00AA45 S
015 C01AA45 BUDAPEST
015 D01AA45 HUNGARY
015 E04AA45 X
015 A00AA46 DEUTSCHE BANK AG
015 B00AA46 S
015 C01AA46 KARACHI
015 D01AA46 PAKISTAN
015 D02AA46 74000
015 E04AA46 X
015 A00AA47 CREDIT SUISSE-ZURICH VIA CREDIT SUISSE (MOSCO
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015 C01AA47 MOSCOW
015 D01AA47 RUSSIA
015 E04AA47 X
015 A00AA48 BANK HAPOALIM B.M.
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015 C01AA48 TEL AVIV
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018  00AA00 Y
019 A00AA00 Y
019 B00AA00   10
019 C00AA00 STEINROEAF
020 A000001 SALOMON SMITH BARNEY
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<PAGE>      PAGE  8
020 B000004 13-3299429
020 C000004    272
020 A000005 MERRILL LYNCH, PIERCE, FENNER, & SMITH
020 B000005 13-5674085
020 C000005    267
020 A000006 BROWN, ALEX & SONS INC.
020 B000006 52-0256630
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020 A000007 JONES & ASSOCIATES
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020 A000008 MORGAN STANLEY
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020 A000009 BERNSTEIN (SANFORD C.)
020 B000009 13-2625874
020 C000009    225
020 A000010 STANDARD & POOR'S SECURITIES, INC.
020 B000010 13-2671957
020 C000010    186
021  000000     4716
022 A000001 ASSOCIATES CORP OF N.A.
022 B000001 11-1494554
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022 A000004 MERRILL LYNCH, PIERCE, FENNER, & SMITH
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022 A000005 LEHMAN BROTHERS
022 B000005 13-2518466
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022 A000006 C.S. FIRST BOSTON CORP.
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022 A000007 CHASE SECURITIES, INC.
022 B000007 13-2633612
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022 A000008 BROWN, ALEX & SONS INC.
022 B000008 52-0256630
<PAGE>      PAGE  9
022 C000008     34401
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022 A000009 SALOMON SMITH BARNEYNC.
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026 H000000 N
027  000000 Y
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059  00AA00 Y
060 A00AA00 Y
060 B00AA00 Y
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062 A00AA00 N
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077 A000000 Y
077 B000000 N
077 C000000 N
077 D000000 N
<PAGE>      PAGE  10
077 E000000 N
077 F000000 N
077 G000000 N
077 H000000 N
077 I000000 N
077 J000000 N
077 K000000 N
077 L000000 N
077 M000000 N
077 N000000 N
077 O000000 N
077 P000000 N
077 Q010000 Y
077 Q020000 N
077 Q030000 N
078  000000 N
080 A00AA00 CHUBB\FEDERAL INSURANCE COMPANY
080 B00AA00 ICI MUTUAL INSURANCE COMPANY
080 C00AA00    35000
081 A00AA00 Y
081 B00AA00  31
082 A00AA00 N
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083 A00AA00 N
083 B00AA00        0
084 A00AA00 N
084 B00AA00        0
085 A00AA00 Y
085 B00AA00 N
086 A010000      0
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008 A000101 STEIN ROE & FARNHAM INCORPORATED
008 B000101 A
008 C000101 801-27653
008 D010101 CHICAGO
008 D020101 IL
008 D030101 60606
008 D040101 4685
010 A000101 STEIN ROE & FARNHAM INCORPORATED
010 B000101 801-27653
010 C010101 CHICAGO
<PAGE>      PAGE  11
010 C020101 IL
010 C030101 60606
010 C040101 4685
024  000100 N
025 A000101 DELETE
025 D000101       0
025 A000102 DELETE
025 D000102       0
025 A000103 DELETE
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029  000100 N
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030 C000100  0.00
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031 B000100      0
032  000100      0
<PAGE>      PAGE  12
033  000100      0
034  000100 N
035  000100      0
036 B000100      0
037  000100 N
038  000100      0
039  000100 N
040  000100 Y
041  000100 Y
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042 B000100   0
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042 D000100   0
042 E000100   0
042 F000100   0
042 G000100   0
042 H000100   0
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045  000100 Y
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048 J010100        0
048 J020100 0.000
048 K010100  1000000
048 K020100 0.500
049  000100 N
050  000100 N
051  000100 N
052  000100 N
053 A000100 Y
053 B000100 Y
<PAGE>      PAGE  13
053 C000100 N
054 A000100 Y
054 B000100 Y
054 C000100 N
054 D000100 N
054 E000100 N
054 F000100 N
054 G000100 N
054 H000100 Y
054 I000100 N
054 J000100 Y
054 K000100 N
054 L000100 N
054 M000100 Y
054 N000100 N
054 O000100 Y
055 A000100 N
055 B000100 N
056  000100 Y
057  000100 N
066 A000100 Y
066 B000100 N
066 C000100 N
066 D000100 N
066 E000100 Y
066 F000100 N
066 G000100 N
067  000100 N
068 A000100 N
068 B000100 N
069  000100 N
070 A010100 Y
070 A020100 N
070 B010100 Y
070 B020100 N
070 C010100 Y
070 C020100 N
070 D010100 Y
070 D020100 N
070 E010100 Y
070 E020100 N
070 F010100 Y
070 F020100 Y
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070 G020100 N
070 H010100 Y
070 H020100 N
070 I010100 Y
070 I020100 N
070 J010100 Y
070 J020100 N
<PAGE>      PAGE  14
070 K010100 Y
070 K020100 N
070 L010100 Y
070 L020100 Y
070 M010100 Y
070 M020100 Y
070 N010100 Y
070 N020100 N
070 O010100 Y
070 O020100 N
070 P010100 Y
070 P020100 N
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070 Q020100 N
070 R010100 Y
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<PAGE>      PAGE  15
072DD020100        0
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008 A000201 STEIN ROE & FARNHAM INCORPORATED
008 B000201 A
008 C000201 801-27653
008 D010201 CHICAGO
008 D020201 IL
008 D030201 60606
008 D040201 4685
010 A000201 STEIN ROE& FARNHAM INCORPORATED
010 B000201 807-27653
010 C010201 CHICAGO
010 C020201 IL
010 C030201 60606
<PAGE>      PAGE  16
010 C040201 4685
024  000200 N
025 A000201 DELETE
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031 B000200      0
032  000200      0
033  000200      0
034  000200 N
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036 B000200      0
<PAGE>      PAGE  17
037  000200 N
038  000200      0
039  000200 N
040  000200 Y
041  000200 Y
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042 D000200   0
042 E000200   0
042 F000200   0
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042 H000200   0
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046  000200 N
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050  000200 N
051  000200 N
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054 A000200 Y
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<PAGE>      PAGE  18
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<PAGE>      PAGE  19
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<PAGE>      PAGE  20
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<PAGE>      PAGE  21
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<PAGE>      PAGE  22
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<PAGE>      PAGE  23
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<PAGE>      PAGE  24
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<PAGE>      PAGE  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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066 A000400 Y
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<PAGE>      PAGE  29
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<PAGE>      PAGE  31
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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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<PAGE>      PAGE  36
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035  000600      0
036 A000600 N
036 B000600      0
037  000600 N
038  000600      0
039  000600 N
040  000600 Y
041  000600 Y
042 A000600   0
<PAGE>      PAGE  37
042 B000600   0
042 C000600 100
042 D000600   0
042 E000600   0
042 F000600   0
042 G000600   0
042 H000600   0
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045  000600 Y
046  000600 N
047  000600 Y
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048 A010600   500000
048 A020600 0.600
048 B010600   500000
048 B020600 0.550
048 C010600        0
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048 E020600 0.000
048 F010600        0
048 F020600 0.000
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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 0.500
049  000600 N
050  000600 N
051  000600 N
052  000600 N
053 A000600 Y
053 B000600 Y
053 C000600 N
054 A000600 Y
054 B000600 Y
054 C000600 N
054 D000600 N
054 E000600 N
054 F000600 N
054 G000600 N
054 H000600 Y
054 I000600 N
<PAGE>      PAGE  38
054 J000600 Y
054 K000600 N
054 L000600 N
054 M000600 Y
054 N000600 N
054 O000600 Y
055 A000600 N
055 B000600 N
056  000600 Y
057  000600 N
066 A000600 Y
066 B000600 N
066 C000600 N
066 D000600 Y
066 E000600 N
066 F000600 N
066 G000600 N
067  000600 N
068 A000600 N
068 B000600 N
069  000600 N
070 A010600 Y
070 A020600 N
070 B010600 Y
070 B020600 N
070 C010600 Y
070 C020600 N
070 D010600 Y
070 D020600 N
070 E010600 Y
070 E020600 N
070 F010600 Y
070 F020600 N
070 G010600 Y
070 G020600 N
070 H010600 Y
070 H020600 N
070 I010600 Y
070 I020600 N
070 J010600 Y
070 J020600 N
070 K010600 Y
070 K020600 N
070 L010600 Y
070 L020600 Y
070 M010600 Y
070 M020600 N
070 N010600 Y
070 N020600 N
070 O010600 Y
070 O020600 N
<PAGE>      PAGE  39
070 P010600 Y
070 P020600 N
070 Q010600 N
070 Q020600 N
070 R010600 Y
070 R020600 N
071 A000600    327934
071 B000600    269847
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071 D000600   39
072 A000600 12
072 B000600      145
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072 E000600        0
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072 I000600      169
072 J000600        1
072 K000600        0
072 L000600       18
072 M000600        7
072 N000600      126
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072 X000600     1448
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<PAGE>      PAGE  40
074 E000600        0
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074 U010600        0
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074 V020600     0.00
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076  000600     0.00
008 A000701 STEIN ROE & FARNHAM INCORPORATED
008 B000701 A
008 C000701 801-27653
008 D010701 CHICAGO
008 D020701 IL
008 D030701 60606
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010 A000701 STEIN ROE & FARNHAM INCORPORATED
010 B000701 801-27653
010 C010701 CHICAGO
010 C020701 IL
010 C030701 60606
010 C040701 4685
024  000700 N
025 A000701 DELETE
025 D000701       0
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025 D000703       0
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<PAGE>      PAGE  41
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028 F030700         0
028 F040700      1906
028 G010700      2021
028 G020700         0
028 G030700         0
028 G040700      2004
028 H000700         0
029  000700 N
030 A000700      0
030 B000700  0.00
030 C000700  0.00
031 A000700      0
031 B000700      0
032  000700      0
033  000700      0
034  000700 N
035  000700      0
036 B000700      0
037  000700 N
038  000700      0
039  000700 N
040  000700 Y
041  000700 Y
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042 B000700   0
042 C000700 100
042 D000700   0
<PAGE>      PAGE  42
042 E000700   0
042 F000700   0
042 G000700   0
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043  000700      2
044  000700      0
045  000700 Y
046  000700 N
047  000700 Y
048  000700  0.000
048 A010700   500000
048 A020700 0.750
048 B010700   500000
048 B020700 0.700
048 C010700   500000
048 C020700 0.650
048 D010700        0
048 D020700 0.000
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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  1500000
048 K020700 0.600
049  000700 N
050  000700 N
051  000700 N
052  000700 N
053 A000700 Y
053 B000700 Y
053 C000700 N
054 A000700 Y
054 B000700 Y
054 C000700 N
054 D000700 N
054 E000700 N
054 F000700 N
054 G000700 N
054 H000700 Y
054 I000700 N
054 J000700 Y
054 K000700 N
054 L000700 N
<PAGE>      PAGE  43
054 M000700 Y
054 N000700 N
054 O000700 Y
055 A000700 N
055 B000700 N
056  000700 Y
057  000700 N
066 A000700 Y
066 B000700 N
066 C000700 N
066 D000700 Y
066 E000700 N
066 F000700 N
066 G000700 N
067  000700 N
068 A000700 N
068 B000700 N
069  000700 N
070 A010700 Y
070 A020700 N
070 B010700 Y
070 B020700 N
070 C010700 Y
070 C020700 N
070 D010700 Y
070 D020700 N
070 E010700 Y
070 E020700 N
070 F010700 Y
070 F020700 N
070 G010700 Y
070 G020700 N
070 H010700 Y
070 H020700 N
070 I010700 Y
070 I020700 N
070 J010700 Y
070 J020700 N
070 K010700 Y
070 K020700 N
070 L010700 Y
070 L020700 Y
070 M010700 Y
070 M020700 Y
070 N010700 Y
070 N020700 N
070 O010700 Y
070 O020700 N
070 P010700 Y
070 P020700 N
070 Q010700 N
<PAGE>      PAGE  44
070 Q020700 N
070 R010700 Y
070 R020700 N
071 A000700    487478
071 B000700    729593
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071 D000700   46
072 A000700 12
072 B000700        6
072 C000700        5
072 D000700        0
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072 G000700        1
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072 I000700        2
072 J000700        1
072 K000700        3
072 L000700        3
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072 N000700       19
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072 Q000700       25
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072 X000700       94
072 Y000700       83
072 Z000700        0
072AA000700        0
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072CC010700      116
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072DD010700        0
072DD020700        0
072EE000700        0
073 A010700   0.0000
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073 B000700   0.0000
073 C000700   0.0000
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074 D000700        0
074 E000700        0
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<PAGE>      PAGE  45
074 H000700        0
074 I000700      151
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074 K000700        0
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074 N000700      202
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074 R040700       18
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074 U020700        0
074 V010700    10.13
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074 Y000700        0
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076  000700     0.00
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<PAGE>      PAGE  46
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SIGNATURE   THOMAS W. BUTCH                              
TITLE       PRESIDENT           
 


<TABLE> <S> <C>

<ARTICLE> 6
<SERIES>
   <NUMBER> 1
   <NAME> STEIN ROE ADVISOR GROWTH & INCOME FUND
       
<S>                             <C>
<PERIOD-TYPE>                   YEAR
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<PERIOD-END>                               SEP-30-1998
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<INVESTMENTS-AT-VALUE>                            2010
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<NET-INVESTMENT-INCOME>                              5
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</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<SERIES>
   <NUMBER> 5
   <NAME> STEIN ROE ADVISOR BALANCED FUND
       
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<ACCUMULATED-NII-CURRENT>                            2
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                            (4)
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<PER-SHARE-NII>                                    .31
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</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<SERIES>
   <NUMBER> 2
   <NAME> STEIN ROE ADVISOR INTERNATIONAL FUND
       
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<PERIOD-TYPE>                   YEAR
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<ACCUMULATED-NII-CURRENT>                          (1)
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<ACCUMULATED-NII-PRIOR>                              0
<ACCUMULATED-GAINS-PRIOR>                          (2)
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<PER-SHARE-NII>                                    .18
<PER-SHARE-GAIN-APPREC>                         (1.95)
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</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.

<TABLE> <S> <C>

<ARTICLE> 6
<SERIES>
   <NUMBER> 3
   <NAME> STEIN ROE ADVISOR YOUNG INVESTOR FUND - CLASS A
       
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<SHARES-COMMON-PRIOR>                                0
<ACCUMULATED-NII-CURRENT>                            0
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                         (5538)
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<NET-CHANGE-FROM-OPS>                           (5195)
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<NET-CHANGE-IN-ASSETS>                           37058
<ACCUMULATED-NII-PRIOR>                              0
<ACCUMULATED-GAINS-PRIOR>                           (9)
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<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                                0
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                    306
<AVERAGE-NET-ASSETS>                             19274
<PER-SHARE-NAV-BEGIN>                            11.67
<PER-SHARE-NII>                                  (.02)
<PER-SHARE-GAIN-APPREC>                          (.30)
<PER-SHARE-DIVIDEND>                                 0
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<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              11.35
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<AVG-DEBT-PER-SHARE>                                 0
        

</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<SERIES>
   <NUMBER> 3
   <NAME> STEIN ROE ADVISOR YOUNG INVESTOR FUND - CLASS K
       
<S>                             <C>
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<PERIOD-END>                               SEP-30-1998
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<TOTAL-ASSETS>                                   37284
<PAYABLE-FOR-SECURITIES>                             0
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                          110
<TOTAL-LIABILITIES>                                110
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                         42285
<SHARES-COMMON-STOCK>                               39
<SHARES-COMMON-PRIOR>                               10
<ACCUMULATED-NII-CURRENT>                            0
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                         (5538)
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                           427
<NET-ASSETS>                                     37174
<DIVIDEND-INCOME>                                   96
<INTEREST-INCOME>                                   54
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                     219
<NET-INVESTMENT-INCOME>                           (69)
<REALIZED-GAINS-CURRENT>                        (5529)
<APPREC-INCREASE-CURRENT>                          403
<NET-CHANGE-FROM-OPS>                           (5195)
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                            0
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                             23
<NUMBER-OF-SHARES-REDEEMED>                          4
<SHARES-REINVESTED>                                  0
<NET-CHANGE-IN-ASSETS>                           37058
<ACCUMULATED-NII-PRIOR>                              0
<ACCUMULATED-GAINS-PRIOR>                          (9)
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                                0
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                    306
<AVERAGE-NET-ASSETS>                               224
<PER-SHARE-NAV-BEGIN>                            11.49
<PER-SHARE-NII>                                  (.03)
<PER-SHARE-GAIN-APPREC>                          (.04)
<PER-SHARE-DIVIDEND>                               .01
<PER-SHARE-DISTRIBUTIONS>                            0
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              11.41
<EXPENSE-RATIO>                                   1.50
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        

</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<SERIES>
   <NUMBER> 4
   <NAME> STEIN ROE ADVISOR SPECIAL VENTURE FUND
       
<S>                             <C>
<PERIOD-TYPE>                   YEAR
<FISCAL-YEAR-END>                          SEP-30-1998
<PERIOD-END>                               SEP-30-1998
<INVESTMENTS-AT-COST>                                0
<INVESTMENTS-AT-VALUE>                              83
<RECEIVABLES>                                        0
<ASSETS-OTHER>                                      54
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                                     137
<PAYABLE-FOR-SECURITIES>                             0
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                           57
<TOTAL-LIABILITIES>                                 57
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                           272
<SHARES-COMMON-STOCK>                               10
<SHARES-COMMON-PRIOR>                               10
<ACCUMULATED-NII-CURRENT>                            0
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                           (91)
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                         (101)
<NET-ASSETS>                                        80
<DIVIDEND-INCOME>                                    1
<INTEREST-INCOME>                                    1
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                       5
<NET-INVESTMENT-INCOME>                            (3)
<REALIZED-GAINS-CURRENT>                          (87)
<APPREC-INCREASE-CURRENT>                        (123)
<NET-CHANGE-FROM-OPS>                            (213)
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                            0
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                             73
<NUMBER-OF-SHARES-REDEEMED>                         73
<SHARES-REINVESTED>                                  0
<NET-CHANGE-IN-ASSETS>                            (38)
<ACCUMULATED-NII-PRIOR>                              0
<ACCUMULATED-GAINS-PRIOR>                          (4)
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                         0
<GROSS-ADVISORY-FEES>                                0
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                     88
<AVERAGE-NET-ASSETS>                               358
<PER-SHARE-NAV-BEGIN>                            11.84
<PER-SHARE-NII>                                  (.29)
<PER-SHARE-GAIN-APPREC>                         (3.51)
<PER-SHARE-DIVIDEND>                               .01
<PER-SHARE-DISTRIBUTIONS>                          .03
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                               8.00
<EXPENSE-RATIO>                                   1.50
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        

</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.

<TABLE> <S> <C>

<ARTICLE> 6
<SERIES>
   <NUMBER> 6
   <NAME> STEIN ROE ADVISOR GROWTH STOCK FUND - CLASS A
       
<S>                             <C>
<PERIOD-TYPE>                   YEAR
<FISCAL-YEAR-END>                          SEP-30-1998
<PERIOD-END>                               SEP-30-1998
<INVESTMENTS-AT-COST>                                0
<INVESTMENTS-AT-VALUE>                          115787
<RECEIVABLES>                                     1557
<ASSETS-OTHER>                                      25
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                                  117369
<PAYABLE-FOR-SECURITIES>                             0
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                          460
<TOTAL-LIABILITIES>                                460
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                        121464
<SHARES-COMMON-STOCK>                             3345
<SHARES-COMMON-PRIOR>                                0
<ACCUMULATED-NII-CURRENT>                            0
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                         (6929)
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                          2374
<NET-ASSETS>                                    116909
<DIVIDEND-INCOME>                                  496
<INTEREST-INCOME>                                  145
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                    1288
<NET-INVESTMENT-INCOME>                          (647)
<REALIZED-GAINS-CURRENT>                        (6921)
<APPREC-INCREASE-CURRENT>                         2340
<NET-CHANGE-FROM-OPS>                           (5228)
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                            0
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                           3848
<NUMBER-OF-SHARES-REDEEMED>                        503
<SHARES-REINVESTED>                                  0
<NET-CHANGE-IN-ASSETS>                          116658
<ACCUMULATED-NII-PRIOR>                              0
<ACCUMULATED-GAINS-PRIOR>                          (8)
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                                0
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                   1448
<AVERAGE-NET-ASSETS>                             29670  
<PER-SHARE-NAV-BEGIN>                            11.59
<PER-SHARE-NII>                                  (.04)
<PER-SHARE-GAIN-APPREC>                            .27
<PER-SHARE-DIVIDEND>                                 0
<PER-SHARE-DISTRIBUTIONS>                            0
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              11.82
<EXPENSE-RATIO>                                   1.40
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        

</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.

<TABLE> <S> <C>

<ARTICLE> 6
<SERIES>
   <NUMBER> 6
   <NAME> STEIN ROE ADVISOR GROWTH STOCK FUND - CLASS K
       
<S>                             <C>
<PERIOD-TYPE>                   YEAR
<FISCAL-YEAR-END>                          SEP-30-1998
<PERIOD-END>                               SEP-30-1998
<INVESTMENTS-AT-COST>                                0
<INVESTMENTS-AT-VALUE>                          115787
<RECEIVABLES>                                     1557
<ASSETS-OTHER>                                      25
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                                  117369
<PAYABLE-FOR-SECURITIES>                             0
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                          460
<TOTAL-LIABILITIES>                                460
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                        121464
<SHARES-COMMON-STOCK>                              233
<SHARES-COMMON-PRIOR>                               22
<ACCUMULATED-NII-CURRENT>                            0
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                         (6929)
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                          2374
<NET-ASSETS>                                    116909
<DIVIDEND-INCOME>                                  496
<INTEREST-INCOME>                                  145
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                    1288
<NET-INVESTMENT-INCOME>                          (647)
<REALIZED-GAINS-CURRENT>                        (6921)
<APPREC-INCREASE-CURRENT>                         2340
<NET-CHANGE-FROM-OPS>                           (5228)
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                            0
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                            268
<NUMBER-OF-SHARES-REDEEMED>                         57
<SHARES-REINVESTED>                                  0
<NET-CHANGE-IN-ASSETS>                          116658
<ACCUMULATED-NII-PRIOR>                              0
<ACCUMULATED-GAINS-PRIOR>                          (8)
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                                0
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                   1448
<AVERAGE-NET-ASSETS>                              1255
<PER-SHARE-NAV-BEGIN>                            11.26
<PER-SHARE-NII>                                  (.03)
<PER-SHARE-GAIN-APPREC>                            .63
<PER-SHARE-DIVIDEND>                                 0
<PER-SHARE-DISTRIBUTIONS>                            0
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              11.86
<EXPENSE-RATIO>                                   1.35
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        

</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.

<TABLE> <S> <C>

<ARTICLE> 6
<SERIES>
   <NUMBER> 6
   <NAME> STEIN ROE ADVISOR GROWTH STOCK FUND - CLASS C
       
<S>                             <C>
<PERIOD-TYPE>                   YEAR
<FISCAL-YEAR-END>                          SEP-30-1998
<PERIOD-END>                               SEP-30-1998
<INVESTMENTS-AT-COST>                                0
<INVESTMENTS-AT-VALUE>                          115787
<RECEIVABLES>                                     1557
<ASSETS-OTHER>                                      25
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                                  117369
<PAYABLE-FOR-SECURITIES>                             0
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                          460
<TOTAL-LIABILITIES>                                460
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                        121464
<SHARES-COMMON-STOCK>                              894
<SHARES-COMMON-PRIOR>                                0
<ACCUMULATED-NII-CURRENT>                            0
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                         (6929)
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                          2374
<NET-ASSETS>                                    116909
<DIVIDEND-INCOME>                                  496
<INTEREST-INCOME>                                  145
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                    1288
<NET-INVESTMENT-INCOME>                          (647)
<REALIZED-GAINS-CURRENT>                        (6921)
<APPREC-INCREASE-CURRENT>                         2340
<NET-CHANGE-FROM-OPS>                           (5228)
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                            0
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                            998
<NUMBER-OF-SHARES-REDEEMED>                        104
<SHARES-REINVESTED>                                  0
<NET-CHANGE-IN-ASSETS>                          116658
<ACCUMULATED-NII-PRIOR>                              0
<ACCUMULATED-GAINS-PRIOR>                          (8)
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                                0
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                   1448
<AVERAGE-NET-ASSETS>                              6416
<PER-SHARE-NAV-BEGIN>                            11.59
<PER-SHARE-NII>                                  (.08)
<PER-SHARE-GAIN-APPREC>                            .21
<PER-SHARE-DIVIDEND>                                 0
<PER-SHARE-DISTRIBUTIONS>                            0
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              11.72
<EXPENSE-RATIO>                                   2.10
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        

</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<SERIES>
   <NUMBER> 6
   <NAME> STEIN ROE ADVISOR GROWTH STOCK FUND - CLASS B
       
<S>                             <C>
<PERIOD-TYPE>                   YEAR
<FISCAL-YEAR-END>                          SEP-30-1998
<PERIOD-END>                               SEP-30-1998
<INVESTMENTS-AT-COST>                                0
<INVESTMENTS-AT-VALUE>                          115787
<RECEIVABLES>                                     1557
<ASSETS-OTHER>                                      25
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                                  117369
<PAYABLE-FOR-SECURITIES>                             0
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                          460
<TOTAL-LIABILITIES>                                460
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                        121464
<SHARES-COMMON-STOCK>                             5463
<SHARES-COMMON-PRIOR>                                0
<ACCUMULATED-NII-CURRENT>                            0
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                         (6929)
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                          2374
<NET-ASSETS>                                    116909
<DIVIDEND-INCOME>                                  496
<INTEREST-INCOME>                                  145
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                    1288
<NET-INVESTMENT-INCOME>                          (647)
<REALIZED-GAINS-CURRENT>                        (6921)
<APPREC-INCREASE-CURRENT>                         2340
<NET-CHANGE-FROM-OPS>                           (5228)
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                            0
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                           5778
<NUMBER-OF-SHARES-REDEEMED>                        315
<SHARES-REINVESTED>                                  0
<NET-CHANGE-IN-ASSETS>                          116658
<ACCUMULATED-NII-PRIOR>                              0
<ACCUMULATED-GAINS-PRIOR>                          (8)
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                                0
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                   1448
<AVERAGE-NET-ASSETS>                             36816
<PER-SHARE-NAV-BEGIN>                            11.59
<PER-SHARE-NII>                                  (.08)
<PER-SHARE-GAIN-APPREC>                            .23
<PER-SHARE-DIVIDEND>                                 0
<PER-SHARE-DISTRIBUTIONS>                            0
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              11.74
<EXPENSE-RATIO>                                   2.10
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        

</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<SERIES>
   <NUMBER> 7
   <NAME> STEIN ROE ADVISOR SPECIAL FUND
       
<S>                             <C>
<PERIOD-TYPE>                   YEAR
<FISCAL-YEAR-END>                          SEP-30-1998
<PERIOD-END>                               SEP-30-1998
<INVESTMENTS-AT-COST>                                0
<INVESTMENTS-AT-VALUE>                             151
<RECEIVABLES>                                        0
<ASSETS-OTHER>                                      51
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                                     202
<PAYABLE-FOR-SECURITIES>                             0
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                           59
<TOTAL-LIABILITIES>                                 59
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                           516
<SHARES-COMMON-STOCK>                               14
<SHARES-COMMON-PRIOR>                               10
<ACCUMULATED-NII-CURRENT>                            0
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                          (520)
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                           147
<NET-ASSETS>                                       143
<DIVIDEND-INCOME>                                    5
<INTEREST-INCOME>                                    6
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                      11
<NET-INVESTMENT-INCOME>                              0
<REALIZED-GAINS-CURRENT>                         (516)
<APPREC-INCREASE-CURRENT>                          116
<NET-CHANGE-FROM-OPS>                            (400)
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                            0
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                            204
<NUMBER-OF-SHARES-REDEEMED>                        200
<SHARES-REINVESTED>                                  0
<NET-CHANGE-IN-ASSETS>                              18
<ACCUMULATED-NII-PRIOR>                              0
<ACCUMULATED-GAINS-PRIOR>                          (6)
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                                0
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                     94
<AVERAGE-NET-ASSETS>                               749
<PER-SHARE-NAV-BEGIN>                            12.46
<PER-SHARE-NII>                                      0
<PER-SHARE-GAIN-APPREC>                         (2.33)
<PER-SHARE-DIVIDEND>                                 0
<PER-SHARE-DISTRIBUTIONS>                            0
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              10.13
<EXPENSE-RATIO>                                   1.45
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        

</TABLE>


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