<DISPLAY>
[NAME] ADVISORS SERIES TRUST
[FILE-NUMBER] 811-07959
</DISPLAY>
<PAGE> PAGE 1
000 A000000 08/29/97
000 C000000 0001027596
000 D000000 N
000 E000000 NF
000 F000000 Y
000 G000000 N
000 H000000 N
000 I000000 3.0
000 J000000 A
001 A000000 ADVISOR SERIES TRUST
001 B000000 811-07959
001 C000000 6029521100
002 A000000 4455 E. CAMELBACK RD., SUITE 261-E
002 B000000 PHOENIX
002 C000000 AZ
002 D010000 85018
003 000000 Y
004 000000 N
005 000000 N
006 000000 N
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007 B000000 2
007 C010100 1
007 C020100 AMERICAN TRUST ALLEGIANCE FUND
007 C030100 N
007 C010200 2
007 C020200 INFORMATIONTECH 100 FUND
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007 C010300 3
007 C010400 4
007 C010500 5
007 C010600 6
007 C010700 7
007 C010800 8
007 C010900 9
007 C011000 10
010 A00AA01 INVESTMENT COMPANY ADMINISTRATION CORPORATION
010 C01AA01 PHOENIX
010 C02AA01 AZ
010 C03AA01 85018
011 A00AA01 FIRST FUND DISTRIBUTORS, INC.
011 B00AA01 8-42809
011 C01AA01 PHOENIX
011 C02AA01 AZ
011 C03AA01 85018
012 A00AA01 AMERICAN DATA SERVICES
012 B00AA01 84-1964
012 C01AA01 HAUPPAUGE
012 C02AA01 NY
012 C03AA01 11788
013 A00AA01 MCGLADREY & PULLEN, LLP
<PAGE> PAGE 2
013 B01AA01 NEW YORK
013 B02AA01 NY
013 B03AA01 10017
015 A00AA01 STAR BANK, N.A.
015 B00AA01 C
015 C01AA01 CINCINNATI
015 C02AA01 OH
015 C03AA01 45202
015 E01AA01 X
018 00AA00 Y
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020 A000001 MERRILL LYNCH
020 B000001 13-5674085
020 C000001 8
020 A000002 GOLDMAN SACHS
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020 C000002 2
020 A000003 SMITH BARNEY
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022 A000001 FEDERATED SECURITIES CORP(STAR TREASURY FUND)
022 C000001 1106
022 D000001 1331
022 A000002 STAR BANK, N.A.
022 C000002 2562
022 D000002 0
022 A000003 PAINEWEBBER
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<PAGE> PAGE 3
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054 E00AA00 N
054 F00AA00 N
054 G00AA00 N
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<PAGE> PAGE 4
054 J00AA00 Y
054 K00AA00 N
054 L00AA00 N
054 M00AA00 N
054 N00AA00 N
054 O00AA00 N
055 A00AA00 N
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<PAGE> PAGE 5
086 E010000 0
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008 A000101 AMERICAN TRUST COMPANY
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008 C000101 801-000000
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<PAGE> PAGE 6
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<PAGE> PAGE 7
070 L020100 N
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<PAGE> PAGE 8
073 A020100 0.0000
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<PAGE> PAGE 9
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<PAGE> PAGE 10
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<PAGE> PAGE 11
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<PAGE> PAGE 12
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SIGNATURE THOMAS MARSCHEL
TITLE ASSISTANT TREASURER
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 1027596
<NAME> ADVISORS SERIES TRUST
<SERIES>
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<NAME> AMERICAN TRUST ALLEGIANCE FUND
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<NAME> ADVISORS SERIES TRUST
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</TABLE>
