LASALLE REAL ESTATE SECURITIES FUND INC
485BPOS, 1999-04-27
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<PAGE>
 
         
    As filed with the Securities and Exchange Commission on April 27, 1999 
     
                                               Registration Nos. 333-36161
                                                                 811-08373
                                                      
================================================================================

                      SECURITIES AND EXCHANGE COMMISSION
                             Washington, DC 20549
                                        
                            ----------------------

                                   FORM N-1A
    
  REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933            [X]
    
               Pre-Effective Amendment No.                           [ ]      
               Post-Effective Amendment No.   2                      [X]     
                                             ---
                                    and/or
   
  REGISTRATION STATEMENT UNDER THE INVESTMENT COMPANY ACT OF 1940    [X]
       
               Amendment No.   3                                     [X]      
                              ---
    
                       (Check appropriate box or boxes.)
                                        
                            ----------------------
                            
                         LaSalle Partners Funds, Inc.       
              (Exact Name of Registrant as Specified in Charter)

                             100 East Pratt Street
                             Baltimore, MD  21202
                    (Address of Principal Executive Office)

      Registrant's Telephone Number, including Area Code:  (800) 527-2553

                      William K. Morrill, Jr., President
                         LaSalle Partners Funds, Inc.          
                             100 East Pratt Street
                             Baltimore, MD  21202
                    (Name and Address of Agent for Service)

                                  Copies to:

                             Alan C. Porter, Esq.
                            Piper & Marbury L.L.P.
                         1200 Nineteenth Street, N.W.
                             Washington, DC  20036
   
It is proposed that this filing will become effective (check appropriate box):

( ) immediately upon filing pursuant to paragraph (b)

(X) on April 30, 1999 pursuant to paragraph (b)

( ) 60 days after filing pursuant to paragraph (a)(1)

( ) on (date) pursuant to paragraph (a)(1)

( ) 75 days after filing pursuant to paragraph (a)(2)

( ) on (date) pursuant to paragraph (a)(2) of Rule 485
    
                      Declaration Pursuant to Rule 24f-2
    
     The Registrant has previously elected to register an indefinite number of
Retail Class and Institutional Class shares of the LaSalle Partners U.S. Real
Estate Fund series of its Common Stock, par value $.01 per share, pursuant to
Rule 24f-2 under the Investment Company Act of 1940, as amended. The Rule 24f-2
Notice for the Registrant's fiscal year ended December 31, 1998 was filed on
March 29, 1999. The Registrant is a "feeder" fund within a "master-feeder" fund
structure. The "master" fund within this structure has executed this
Registration Statement.
    

================================================================================
<PAGE>

                                 CONTENTS OF
                        POST-EFFECTIVE AMENDMENT NO.2

     The contents of Post-Effective Amendment No. 1 to the Registration
Statement are incorporated herein by reference.

<PAGE>
 
                                  SIGNATURES
            
       Pursuant to the requirements of the Securities Act of 1933 and the
Investment Company Act of 1940, the Registrant has duly caused this Post-
Effective Amendment No. 2 to the Registration Statement to be signed on its
behalf by the undersigned, hereunto duly authorized, in the City of Baltimore,
and State of Maryland, on the 27th day of April, 1999.     

                                      
                                    LA SALLE PARTNERS FUNDS, INC.      

 

                                    By: /s/ William K. Morrill, Jr.
                                       ---------------------------------
                                            William K. Morrill, Jr.
                                            President
    
        Pursuant to the requirements of the Securities Act of 1933, this
Post-Effective Amendment No. 2 to the Registration Statement has been signed
below by the following persons in the capacities and on the date indicated.     
    
<TABLE>     
<CAPTION> 
Signature                             Title                                 Date
- ---------                             -----                                 ----
<S>                             <C>                                         <C> 
/s/ William K. Morrill, Jr.     President (principal executive officer)     April 27, 1999
- ---------------------------     and Director
    William K. Morrill, Jr.    


/s/ William E. Sullivan         Treasurer (principal financial and          April 27, 1999
- ---------------------------     accounting officer)
    William E. Sullivan       


              *                 Director                                    
- ---------------------------                                                 
    Bruce D. Alexander                                                      
                                                                            
                                                                            
              *                 Director                                    
- ---------------------------                                                 
    Lawrence S. Bacow                                                       
                                                                            
                                                                            
              *                 Director                                    
- ---------------------------                                                 
    Richard A. Dobbins                                                      
                                                                            
                                                                            
              *                 Director                                    
- ---------------------------                                                 
    John W. McCarter, Jr.                                                   
                                                                            
                                                                            
              *                 Director                                    
- ---------------------------                                                 
    Keith R. Pauley                                                         
                                                                            
                                                                            
              *                 Director                                    
- ---------------------------                        
    Lynn C. Thurber



     *By: /s/ William K. Morrill, Jr.
          ---------------------------------                                 April 27, 1999
               William K. Morrill, Jr.
               Attorney-in-Fact
</TABLE>      
<PAGE>
 
                                  SIGNATURES
            
      Pursuant to the requirements of the Securities Act of 1933, LaSalle
Partners Master Trust has duly caused this Post-Effective Amendment No. 2 to the
Registration Statement to be signed on its behalf by the undersigned, hereunto
duly authorized, in the City of Baltimore, and State of Maryland, on the 27th
day of April, 1999.     
                                            
                                         LA SALLE PARTNERS MASTER TRUST      

 

                                         By: /s/ William K. Morrill, Jr.
                                            -------------------------------
                                                 William K. Morrill, Jr.
                                                 President
        
      Pursuant to the requirements of the Securities Act of 1933, this
Post-Effective Amendment No. 2 to the Registration Statement has been signed
below by the following persons in the capacities with LaSalle Partners Master
Trust and on the date indicated.     

    
<TABLE>     
<CAPTION> 
Signature                     Title                                    Date
- ---------                     -----                                    ----
<S>                           <C>                                      <C> 
/s/ William K. Morrill, Jr.
- ---------------------------   President (principal executive officer)     April 27, 1999
    William K. Morrill, Jr.   and Trustee
                            

/s/ William E. Sullivan
- ---------------------------   Treasurer (principal financial and          April 27, 1999
    William E. Sullivan       accounting officer) 

              *
- ---------------------------   Trustee                                  
    Bruce D. Alexander                                                 
                                                                       
                                                                       
              *                                                        
- ---------------------------   Trustee                                  
    Lawrence S. Bacow                                                  
                                                                       
                                                                       
              *                                                        
- ---------------------------   Trustee                                  
    Richard A. Dobbins                                                 
                                                                       
                                                                       
              *                                                        
- ---------------------------   Trustee                                  
    John W. McCarter, Jr.                                              
                                                                       
                                                                       
              *                                                        
- ---------------------------   Trustee                                  
    Keith R. Pauley                                                    
                                                                       
                                                                       
              *                                                        
- ---------------------------   Trustee                                  
    Lynn C. Thurber



     *By: /s/ William K. Morrill, Jr.
          ----------------------------------                              April 27, 1999
               William K. Morrill, Jr.
               Attorney-in-Fact
</TABLE>             
                          


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