HILLIARD LYONS INVESTMENT TRUST
NSAR-A, 2000-02-22
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<PAGE>      PAGE  1
000 A000000 12/31/1999
000 C000000 0001083434
000 D000000 N
000 E000000 NF
000 F000000 Y
000 G000000 N
000 H000000 N
000 I000000 6.1
000 J000000 A
001 A000000 HILLIARD LYONS RESEARCH TRUST
001 B000000 811-09281
001 C000000 5025888673
002 A000000 HILLIARD LYONS CENTER, 501 SOUTH 4TH ST
002 B000000 LOUISEVILLE
002 C000000 KY
002 D010000 40202
003  000000 Y
004  000000 N
005  000000 N
006  000000 N
007 A000000 Y
007 B000000  1
007 C010100  1
007 C020100 SENBANC 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
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008 B00AA01 A
008 C00AA01 801-000000
008 D01AA01 LOUISVILLE
008 D02AA01 KY
008 D03AA01 40202
010 A00AA01 PFPC INC.
010 B00AA01 85-1196
010 C01AA01 WILMINGTON
010 C02AA01 DE
010 C03AA01 19809
011 A00AA01 PROVIDENT DISTRIBUTORS, INC.
011 B00AA01 8-46564
011 C01AA01 WEST CONSHOHOCKEN
011 C02AA01 PA
011 C03AA01 19428
012 A00AA01 PFPC INC.
<PAGE>      PAGE  2
012 B00AA01 85-825
012 C01AA01 WILMINGTON
012 C02AA01 DE
012 C03AA01 19809
013 A00AA01 ERNST & YOUNG LLP
013 B01AA01 PHILADELPHIA
013 B02AA01 PA
013 B03AA01 19103
015 A00AA01 PFPC TRUST COMPANY
015 B00AA01 C
015 C01AA01 LESTER
015 C02AA01 PA
015 C03AA01 19113
015 E01AA01 X
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020 A000001 MCDONALD & CO.
020 B000001 34-0642435
020 C000001      8
020 A000002 BERNSTEIN (SANFORD C.) & CO.
020 B000002 13-2625874
020 C000002      2
020 A000003 CANTOR, FITZGERALD SECURITIES CORP.
020 B000003 12-3680187
020 C000003      1
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022 C000001    685714
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022 B000002 13-1955436
022 C000002      5874
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022 D000003         0
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022 A000005 BAIRD, ROBERT W & CO.
<PAGE>      PAGE  3
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<PAGE>      PAGE  4
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<PAGE>      PAGE  7
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SIGNATURE   MARY JANE MALONEY
TITLE       REGULATORY MANAGER



<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0001083434
<NAME> HILLIARD LYON RESEARCH TRUST
<SERIES>
   <NUMBER> 01
   <NAME> SENBANC FUND

<S>                             <C>
<PERIOD-TYPE>                   OTHER
<FISCAL-YEAR-END>                          JUN-30-2000
<PERIOD-START>                             JUL-08-1999
<PERIOD-END>                               DEC-31-1999
<INVESTMENTS-AT-COST>                         17814399
<INVESTMENTS-AT-VALUE>                        16395927
<RECEIVABLES>                                   120862
<ASSETS-OTHER>                                   15621
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                                16532410
<PAYABLE-FOR-SECURITIES>                             0
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                        90495
<TOTAL-LIABILITIES>                              90495
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                      17861316
<SHARES-COMMON-STOCK>                          1801739
<SHARES-COMMON-PRIOR>                                0
<ACCUMULATED-NII-CURRENT>                            0
<OVERDISTRIBUTION-NII>                           (929)
<ACCUMULATED-NET-GAINS>                              0
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                     (1418472)
<NET-ASSETS>                                  16441915
<DIVIDEND-INCOME>                               123452
<INTEREST-INCOME>                               137374
<OTHER-INCOME>                                  260826
<EXPENSES-NET>                                (123330)
<NET-INVESTMENT-INCOME>                         137496
<REALIZED-GAINS-CURRENT>                             0
<APPREC-INCREASE-CURRENT>                    (1418472)
<NET-CHANGE-FROM-OPS>                        (1280976)
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                     (138425)
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                        1818370
<NUMBER-OF-SHARES-REDEEMED>                    (30535)
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<NET-CHANGE-IN-ASSETS>                        16441915
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<ACCUMULATED-GAINS-PRIOR>                            0
<OVERDISTRIB-NII-PRIOR>                              0
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<GROSS-ADVISORY-FEES>                            42284
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<GROSS-EXPENSE>                                 245851
<AVERAGE-NET-ASSETS>                          14572619
<PER-SHARE-NAV-BEGIN>                            10.00
<PER-SHARE-NII>                                    .07
<PER-SHARE-GAIN-APPREC>                          (.86)
<PER-SHARE-DIVIDEND>                             (.08)
<PER-SHARE-DISTRIBUTIONS>                            0
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                               9.13
<EXPENSE-RATIO>                                   1.75


</TABLE>


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