FMI FUNDS INC
NSAR-B, 1998-11-30
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<PAGE>      PAGE  1
000 B000000 09/30/98
000 C000000 0001023391
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 FMI FUNDS, INC.
001 B000000 811-07831
001 C000000 4142264556
002 A000000 225 EAST MASON STREET
002 B000000 MILWAUKEE
002 C000000 WI
002 D010000 53202
003  000000 N
004  000000 N
005  000000 N
006  000000 N
007 A000000 Y
007 B000000  1
007 C010100  1
007 C020100 FMI FOCUS FUND
007 C030100 N
007 C010200  2
007 C010300  3
007 C010400  4
007 C010500  5
007 C010600  6
007 C010700  7
007 C010800  8
007 C010900  9
007 C011000 10
008 A00AA01 FIDUCIARY MANAGEMENT, INC.
008 B00AA01 A
008 C00AA01 801-15164
008 D01AA01 MILWAUKEE
008 D02AA01 WI
008 D03AA01 53202
010 A00AA01 FIDUCIARY MANAGEMENT, INC.
010 B00AA01 801-15164
010 C01AA01 MILWAUKEE
010 C02AA01 WI
010 C03AA01 53202
012 A00AA01 FIRSTAR TRUST COMPANY
012 B00AA01 85-00410
012 C01AA01 MILWAUKEE
012 C02AA01 WI
012 C03AA01 53202
013 A00AA01 PRICEWATERHOUSECOOPERS LLP
<PAGE>      PAGE  2
013 B01AA01 MILWAUKEE
013 B02AA01 WI
013 B03AA01 53202
015 A00AA01 FIRSTAR TRUST COMPANY
015 B00AA01 C
015 C01AA01 MILWAUKEE
015 C02AA01 WI
015 C03AA01 53202
015 E01AA01 X
018  00AA00 Y
019 A00AA00 Y
019 B00AA00    2
019 C00AA00 FIDUCIARYF
020 A000001 CLEARY, GULL, REILAND & MCDEVITT, INC.
020 B000001 39-1567700
020 C000001     42
020 A000002 ROBERT W. BAIRD & CO. INCORPORATED
020 B000002 39-6037917
020 C000002     25
020 A000003 MERRILL LYNCH PIERCE FENNER & SMITH INC.
020 B000003 13-5674085
020 C000003      7
020 A000004 DONALDSON LUNFKIN JENRETTE SECURITIES INC.
020 B000004 13-2741729
020 C000004      7
020 A000005 GOLDMAN, SACHS & COMPANY
020 B000005 13-5108880
020 C000005      7
020 A000006 VECTOR SECURITIES INTERNATIONAL, INC.
020 B000006 36-3565040
020 C000006      5
020 A000007 HOWE BARNES INVESTMENTS, INC.
020 B000007 36-2643382
020 C000007      3
020 A000008 A G EDWARDS & SONS, INC.
020 B000008 43-0895447
020 C000008      3
020 A000009 EQUITABLE SECURITIES CORP.
020 B000009 62-0871146
020 C000009      3
020 A000010 SMITH BARNEY INC.
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022 A000001 FIRSTAR TRUST COMPANY
022 B000001 39-6039160
022 C000001     16467
022 D000001     15626
022 A000002 ROBERT W. BAIRD & CO. INCORPORATED
022 B000002 39-6037917
022 C000002      2479
<PAGE>      PAGE  3
022 D000002      2003
022 A000003 EQUITABLE SECURITIES CORP.
022 B000003 62-0871146
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022 D000003      1415
022 A000004 MCDONALD & CO. SECURITIES
022 B000004 34-1391952
022 C000004      1293
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022 A000005 HOWE BARNES INVESTMENTS, INC.
022 B000005 36-2643382
022 C000005       613
022 D000005       680
022 A000006 HOAK, BREEDLOVE, WESNESKI, INC.
022 B000006 75-2258199
022 C000006      1290
022 D000006         0
022 A000007 CLEARY, GULL, REILAND & MCDEVITT INC.
022 B000007 39-1567700
022 C000007       765
022 D000007       252
022 A000008 HOEFER & ARNETT, INC.
022 B000008 94-2831518
022 C000008       479
022 D000008       495
022 A000009 NATIONSBANC MONTGOMERY SECURITIES
022 B000009 94-1701676
022 C000009       284
022 D000009       633
022 A000010 DONALDSON LUFKIN & JENRETTE SECURITIES CORP.
022 B000010 13-2741729
022 C000010       533
022 D000010       211
023 C000000      27040
023 D000000      23702
024  00AA00 N
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<PAGE>      PAGE  4
026 G020000 N
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<PAGE>      PAGE  5
056  00AA00 Y
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<PAGE>      PAGE  6
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045  000100 Y
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<PAGE>      PAGE  7
048 J010100        0
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<PAGE>      PAGE  8
070 I010100 N
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<PAGE>      PAGE  9
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SIGNATURE   DONALD S. WILSON                             
TITLE       VICE PRESIDENT      
 


<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0001023391
<NAME> FMI FUNDS, INC.
<SERIES>
   <NUMBER> 1
   <NAME> FMI FOCUS FUND
<MULTIPLIER> 1000
       
<S>                             <C>
<PERIOD-TYPE>                   YEAR
<FISCAL-YEAR-END>                          SEP-30-1998
<PERIOD-START>                             OCT-01-1997
<PERIOD-END>                               SEP-30-1998
<INVESTMENTS-AT-COST>                            17499
<INVESTMENTS-AT-VALUE>                           17424
<RECEIVABLES>                                     2264
<ASSETS-OTHER>                                      19
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                                   19707
<PAYABLE-FOR-SECURITIES>                           379
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                           64
<TOTAL-LIABILITIES>                                443
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                         19140
<SHARES-COMMON-STOCK>                             1272
<SHARES-COMMON-PRIOR>                              350
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<OTHER-INCOME>                                       0
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<NET-INVESTMENT-INCOME>                          (275)
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<EQUALIZATION>                                       0
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<PER-SHARE-NII>                                  (.17)
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<EXPENSE-RATIO>                                   2.67
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        

</TABLE>


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