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<PAGE> PAGE 5
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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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<PAGE> PAGE 13
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<PAGE> PAGE 14
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<PAGE> PAGE 15
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<PAGE> PAGE 16
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<PAGE> PAGE 17
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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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<PAGE> PAGE 29
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<PAGE> PAGE 30
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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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<PAGE> PAGE 37
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<PAGE> PAGE 38
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<PAGE> PAGE 39
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<PAGE> PAGE 40
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<PAGE> PAGE 41
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<PAGE> PAGE 42
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<PAGE> PAGE 43
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<PAGE> PAGE 44
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<PAGE> PAGE 45
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<PAGE> PAGE 46
049 000900 N
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<PAGE> PAGE 47
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<PAGE> PAGE 48
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<PAGE> PAGE 49
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015 A001001 FIRSTAR TRUST COMPANY
015 B001001 C
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<PAGE> PAGE 50
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<PAGE> PAGE 51
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<PAGE> PAGE 52
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<PAGE> PAGE 53
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<PAGE> PAGE 54
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<PAGE> PAGE 55
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<PAGE> PAGE 56
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SIGNATURE NANCY CELICK
TITLE PRESIDENT
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</TABLE>
<TABLE> <S> <C>
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<NAME> HOTCHKIS & WILEY FUNDS
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<TABLE> <S> <C>
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<NAME> HOTCHKIS & WILEY FUNDS
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<TABLE> <S> <C>
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<NAME> HOTCHKIS & WILEY FUNDS
<SERIES>
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<TABLE> <S> <C>
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<NAME> HOTCHKIS & WILEY FUNDS
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<TABLE> <S> <C>
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<NAME> HOTCHKIS & WILEY FUNDS
<SERIES>
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<TABLE> <S> <C>
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<NAME> HOTCHKIS & WILEY FUNDS
<SERIES>
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<NAME> HOTCHKIS & WILEY FUNDS
<SERIES>
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<MULTIPLIER> 1000
<S> <C>
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<FISCAL-YEAR-END> JUN-30-1998
<PERIOD-START> JUL-01-1997
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<INVESTMENTS-AT-VALUE> 5,212
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<TOTAL-ASSETS> 5320
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<SHARES-COMMON-PRIOR> 336
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<ACCUMULATED-NET-GAINS> 15
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> (65)
<NET-ASSETS> 5,267
<DIVIDEND-INCOME> 59
<INTEREST-INCOME> 2
<OTHER-INCOME> 0
<EXPENSES-NET> 25
<NET-INVESTMENT-INCOME> 36
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<AVERAGE-NET-ASSETS> 5,069
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<PER-SHARE-NAV-END> 10.25
<EXPENSE-RATIO> 1.00
<AVG-DEBT-OUTSTANDING> 0
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</TABLE>
HOTCHKIS AND WILEY FUNDS
#77. O) Transactions Subject to Rule 10f-3
BALANCED FUND
Name of Issuer: Homeside Lending, Inc.
Type of Security: Bond
Trade Date: 07/24/1997
Maturity Date: 8/1/2004
Interest Rate: 6.75%
Total Shares Purchased: 2,500,000
Total Purchase: $2,490,650
Aggregate shares of offering: 200,000,000
Aggregate value of offering: $199,252,000
Securities acquired from: Chase Securities, Inc.
Underwriting Syndicate's Members: NationsBanc Capital Markets, Inc.
Chase Securities, Inc.
Merrill Lynch & Co.
J.P. Morgan & Co.
Smith Barney Inc.
UBS Securities
MID-CAP FUND
Name of Issuer: At Home Corp. - Series A
Type of Security: Common Stock
Trade Date: 07/11/1997
Maturity Date: N/A
Interest Rate: N/A
Total Shares Purchased: 2,500
Total Purchase: $26,250
Aggregate shares of offering: 9,000,000
Aggregate value of offering: $94,500,000
Securities acquired from: Morgan Stanley & Co. Inc.
Underwriting Syndicate's Members: Merrill Lynch & Co.
Morgan Stanley Dean Witter
Alex. Brown & Sons Incorporated
Hambrecht & Quist
Name of Issuer: Travel Services International, Inc.
Type of Security: Common Stock
Trade Date: 07/22/1997
Maturity Date: N/A
Interest Rate: N/A
Total Shares Purchased: 1,000
Total Purchase: $14,000
Aggregate shares of offering: 2,500,000
Aggregate value of offering: $35,000,000
Securities acquired from: Montgomery Securities
Underwriting Syndicate's Members: Montgomery Securities
Furman Selz
Name of Issuer: J.D. Edwards
Type of Security: Common Stock
Trade Date: 09/23/1997
Maturity Date: N/A
Interest Rate: N/A
Total Shares Purchased: 6,000
Total Purchase: $138,000
Aggregate shares of offering: 15,800,000
Aggregate value of offering: $363,400,000
Securities acquired from: Morgan Stanley & Co. Inc.
Underwriting Syndicate's Members: Morgan Stanley Dean Witter
Deutche Morgan Grenfell
Robertson, Stephens & Company
Name of Issuer: Bayard Drilling Technologies, Inc.
Type of Security: Common Stock
Trade Date: 11/04/1997
Maturity Date: N/A
Interest Rate: N/A
Total Shares Purchased: 1,000
Total Purchase: $23,000
Aggregate shares of offering: 9,600,000
Aggregate value of offering: $220,800,000
Securities acquired from: Donaldson, Lufkin & Jenrette Sec. Corp.
Underwriting Syndicate's Members: Donaldson, Lufkin & Jenrette Sec. Corp.
Lehman Brothers
Prudential Securities Incorporated
Rauscher Pierce Refsnes, Inc.
Raymond James & Associates, Inc.
Name of Issuer: Trammell Crow Co.
Type of Security: Common Stock
Trade Date: 11/24/1997
Maturity Date: N/A
Interest Rate: N/A
Total Shares Purchased: 1,100
Total Purchase: $19,250
Aggregate shares of offering: 5,000,000
Aggregate value of offering: $87,500,000
Securities acquired from: Morgan Stanley Co. Inc.
Underwriting Syndicate's Members: Morgan Stanley Dean Witter
BT Alex. Brown
Goldman, Sachs & Co.
Bancamerica Robertson Stephens
SMALL CAP FUND
Name of Issuer: Commonwealth Industries
Type of Security: Common Stock
Trade Date: 09/23/1997
Maturity Date: N/A
Interest Rate: N/A
Total Shares Purchased: 1,000
Total Purchase: $18,000
Aggregate shares of offering: 5,000,000 shares
Aggregate value of offering: $90,000,000
Securities acquired from: Morgan Stanley & Co. Inc.
Underwriting Syndicate's Members: Morgan Stanley Dean Witter
Merrill Lynch & Co.
Name of Issuer: Eagle Geophysical, Inc.
Type of Security: Common Stock
Trade Date: 08/05/1997
Maturity Date: N/A
Interest Rate: N/A
Total Shares Purchased: 5,000
Total Purchase: $85,000
Aggregate shares of offering: 5,880,000 shares
Aggregate value of offering: $99,960,000
Securities acquired from: Prudential Securities Incorporated
Underwriting Syndicate's Members: Prudential Securities Incorporated
Simmions & Company International
Name of Issuer: Trammell Crow Co.
Type of Security: Common Stock
Trade Date: 11/24/1997
Maturity Date: N/A
Interest Rate: N/A
Total Shares Purchased: 13,900
Total Purchase: $243,250
Aggregate shares of offering: 5,000,000
Aggregate value of offering: $87,500,000
Securities acquired from: Morgan Stanley Co. Inc.
Underwriting Syndicate's Members: Morgan Stanley Dean Witter
BT Alex. Brown
Goldman, Sachs & Co.
Bancamerica Robertson Stephens
INTERNATIONAL FUND
Name of Issuer: France Telecom
Type of Security: Common Stocks
Trade Date: 10/17/97
Maturity Date: N/A
Interest Rate: N/A
Total Shares Purchased: 40,420
Total Purchase: $1,274,404
Aggregate shares of offering: 211,000,000
Aggregate value of offering: $6,541,000,000
Securities acquired from: Paribas
Underwriting Syndicate's Members: Merrill Lynch & Co.
Lehman Brothers
Paribas
Deutsche Morgan Grenfell
Lazard Freres & Co. LLC
Morgan Stanley Dean Witter
Salomon Brothers Inc.
