PROGRESSIVE PORTFOLIOS SERIES
NSAR-B, 1995-09-15
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<PAGE>      PAGE  1
000 B000000 06/30/95
000 C000000 0774417
000 D000000 N
000 E000000 NF
000 F000000 Y
000 G000000 N
000 H000000 N
000 I000000 3.0
000 J000000 A
001 A000000 PROGRESSIVE PORTFOLIOS SERIES
001 B000000 811-4381
001 C000000 2122488080
002 A000000 26 BROADWAY, SUITE 205
002 B000000 NEW YORK
002 C000000 NY
002 D010000 10004
002 D020000 1790
003  000000 N
004  000000 N
005  000000 N
006  000000 N
007 A000000 Y
007 B000000  3
007 C010100  1
007 C020100 PROGRESSIVE AGGRESSIVE PORTFOLIO
007 C030100 N
007 C010200  2
007 C020200 PROGRESSIVE VALUE PORTFOLIO
007 C030200 N
007 C010300  3
007 C020300 PROGRESSIVE ENVIRONMENTAL PORTFOLIO
007 C030300 N
007 C010400  4
007 C010500  5
007 C010600  6
007 C010700  7
007 C010800  8
007 C010900  9
007 C011000 10
008 A00AA01 MDB ASSET MANAGEMENT CORPORATION
008 B00AA01 A
008 C00AA01 801-32050
008 D01AA01 NANUET
008 D02AA01 NY
008 D03AA01 10954
008 D05AA01 US
011 A00AA01 BECKERMAN & COMPANY, INC.
011 B00AA01 8-39787
011 C01AA01 NEW YORK
011 C02AA01 NY
011 C03AA01 10004
<PAGE>      PAGE  2
011 C04AA01 1790
012 A00AA01 NIF MANAGEMENT CORPORATION
012 B00AA01 84-4015
012 C01AA01 ENGLEWOOD
012 C02AA01 CO
012 C03AA01 80217
013 A00AA01 MCGLADREY & PULLEN
013 B01AA01 NEW YORK
013 B02AA01 NY
013 B03AA01 10017
014 A00AA01 BECKERMAN & COMPANY, INC.
014 B00AA01 8-39787
015 A00AA01 COLORADO NATIONAL BANK
015 B00AA01 C
015 C01AA01 DENVER
015 C02AA01 CO
015 C03AA01 80217
015 E01AA01 X
018  00AA00 Y
019 A00AA00 Y
019 B00AA00    3
019 C00AA00 PROGRESSIV
020 A000001 A.G. EDWARDS
020 B000001 43-0895447
020 C000001      1
020 A000002 COHIG & ASSOCIATES
020 B000002 84-0980477
020 C000002      3
020 A000003 CUMBERLAND BROKERAGE CORPORATION
020 B000003 52-1694636
020 C000003      1
020 A000004 HERZOG, HEINE, GEDULD INC.
020 B000004 13-1955436
020 C000004      1
020 A000005 HOENIG
020 B000005 13-2156060
020 C000005      1
020 C000006      0
020 C000007      0
020 C000008      0
020 C000009      0
020 C000010      0
021  000000       10
022 A000001 COHIG & ASSOCIATES
022 B000001 84-0980477
022 C000001         0
022 D000001        81
022 A000002 HERZOG, HEINE, GEDULD, INC.
022 B000002 13-1955436
022 C000002       280
022 D000002      1038
<PAGE>      PAGE  3
022 A000003 COLORADO NATIONAL BANK
022 B000003 84-0173545
022 C000003       152
022 D000003       113
022 A000004 CHICAGO CORP
022 B000004 36-2549961
022 C000004        66
022 D000004        48
022 A000005 A.G. EDWARDS
022 B000005 43-0895447
022 C000005        78
022 D000005         0
022 A000006 DONALDSON LUFKIN & JENRETTE
022 B000006 13-2741729
022 C000006        54
022 D000006        45
022 A000007 OPPPENHEIMER
022 B000007 13-2798343
022 C000007        44
022 D000007        61
022 A000008 LAZARD FERES
022 B000008 13-5545100
022 C000008        88
022 D000008         0
022 A000009 CUMBERLAND BROKERAGE CORP.
022 B000009 52-1694636
022 C000009        13
022 D000009         0
022 A000010 STIFEL NICOLAUS & COMPANY, INC.
022 B000010 43-0538770
022 C000010         6
022 D000010         0
023 C000000        781
023 D000000       1386
024  00AA00 N
026 A000000 N
026 B000000 Y
026 C000000 Y
026 D000000 Y
026 E000000 N
026 F000000 N
026 G010000 N
026 G020000 N
026 H000000 N
027  000000 Y
045  00AA00 Y
046  00AA00 N
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<PAGE>      PAGE  4
048 B02AA00 0.000
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048 J01AA00        0
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048 K01AA00        0
048 K02AA00 0.000
049  00AA00 N
050  00AA00 N
051  00AA00 N
052  00AA00 N
053 A00AA00 N
054 A00AA00 N
054 B00AA00 N
054 C00AA00 N
054 D00AA00 N
054 E00AA00 N
054 F00AA00 N
054 G00AA00 N
054 H00AA00 N
054 I00AA00 N
054 J00AA00 N
054 K00AA00 N
054 L00AA00 N
054 M00AA00 N
054 N00AA00 N
054 O00AA00 N
055 A00AA00 N
055 B00AA00 N
056  00AA00 N
057  00AA00 N
062 A00AA00 N
062 B00AA00   0.0
062 C00AA00   0.0
062 D00AA00   0.0
062 E00AA00   0.0
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<PAGE>      PAGE  5
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083 A00AA00 N
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<PAGE>      PAGE  6
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039  000100 N
040  000100 N
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061  000100     1000
066 A000100 Y
066 B000100 Y
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068 A000100 N
068 B000100 N
069  000100 N
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070 A020100 N
070 B010100 Y
070 B020100 N
070 C010100 Y
070 C020100 N
070 D010100 Y
070 D020100 N
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070 E020100 N
<PAGE>      PAGE  7
070 F010100 Y
070 F020100 N
070 G010100 Y
070 G020100 N
070 H010100 Y
070 H020100 N
070 I010100 N
070 I020100 N
070 J010100 Y
070 J020100 N
070 K010100 Y
070 K020100 Y
070 L010100 N
070 L020100 N
070 M010100 N
070 M020100 N
070 N010100 Y
070 N020100 N
070 O010100 N
070 O020100 N
070 P010100 N
070 P020100 N
070 Q010100 N
070 Q020100 N
070 R010100 Y
070 R020100 N
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071 B000100       199
071 C000100       442
071 D000100   24
072 A000100 12
072 B000100        2
072 C000100        3
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072 I000100        8
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072 L000100        0
072 M000100        1
072 N000100        3
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072 Q000100        0
072 R000100        6
072 S000100       12
072 T000100        0
072 U000100        0
<PAGE>      PAGE  8
072 V000100        0
072 W000100        2
072 X000100       43
072 Y000100        5
072 Z000100      -33
072AA000100        0
072BB000100       28
072CC010100       25
072CC020100        0
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072DD020100        0
072EE000100        0
073 A010100   0.0000
073 A020100   0.0000
073 B000100   0.0000
073 C000100   0.0000
074 A000100       28
074 B000100        0
074 C000100        0
074 D000100        0
074 E000100        0
074 F000100      444
074 G000100        0
074 H000100        0
074 I000100        0
074 J000100        0
074 K000100        0
074 L000100        4
074 M000100        0
074 N000100      476
074 O000100        0
074 P000100        0
074 Q000100        0
074 R010100        0
074 R020100        0
074 R030100        0
074 R040100        6
074 S000100        0
074 T000100      470
074 U010100       53
074 U020100        0
074 V010100     8.94
074 V020100     0.00
074 W000100   0.0000
074 X000100      115
074 Y000100        0
075 A000100        0
075 B000100      442
076  000100     0.00
028 A010200         0
028 A020200         0
<PAGE>      PAGE  9
028 A030200         0
028 A040200         8
028 B010200         0
028 B020200         0
028 B030200         0
028 B040200         6
028 C010200         0
028 C020200         0
028 C030200         0
028 C040200         1
028 D010200         0
028 D020200         0
028 D030200         0
028 D040200        32
028 E010200         0
028 E020200         0
028 E030200         0
028 E040200        13
028 F010200         0
028 F020200         0
028 F030200         0
028 F040200         3
028 G010200         0
028 G020200         0
028 G030200         0
028 G040200        63
028 H000200         0
029  000200 N
030 A000200      0
030 B000200  0.00
030 C000200  0.00
031 A000200      0
031 B000200      0
032  000200      0
033  000200      0
034  000200 N
035  000200      0
036 B000200      0
037  000200 N
038  000200      0
039  000200 N
040  000200 Y
041  000200 Y
042 A000200   0
042 B000200   6
042 C000200  94
042 D000200   0
042 E000200   0
042 F000200   0
042 G000200   0
042 H000200   0
<PAGE>      PAGE  10
043  000200      2
044  000200      0
058 A000200 N
059  000200 Y
060 A000200 Y
060 B000200 Y
061  000200     1000
066 A000200 Y
066 C000200 Y
067  000200 N
068 A000200 N
068 B000200 N
069  000200 N
070 A010200 Y
070 A020200 N
070 B010200 Y
070 B020200 N
070 C010200 Y
070 C020200 N
070 D010200 Y
070 D020200 N
070 E010200 Y
070 E020200 N
070 F010200 Y
070 F020200 N
070 G010200 Y
070 G020200 N
070 H010200 Y
070 H020200 N
070 I010200 N
070 I020200 N
070 J010200 Y
070 J020200 N
070 K010200 Y
070 K020200 Y
070 L010200 N
070 L020200 N
070 M010200 N
070 M020200 N
070 N010200 Y
070 N020200 N
070 O010200 N
070 O020200 N
070 P010200 N
070 P020200 N
070 Q010200 N
070 Q020200 N
070 R010200 Y
070 R020200 N
071 A000200       456
071 B000200      1159
<PAGE>      PAGE  11
071 C000200       386
071 D000200  118
072 A000200 12
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072 I000200        8
072 J000200        3
072 K000200        1
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072 M000200        1
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072 O000200        1
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072 R000200        4
072 S000200       12
072 T000200        2
072 U000200        0
072 V000200        0
072 W000200        4
072 X000200       49
072 Y000200        5
072 Z000200      -33
072AA000200      130
072BB000200        0
072CC010200        0
072CC020200       62
072DD010200        0
072DD020200        0
072EE000200        0
073 A010200   0.0000
073 A020200   0.0000
073 B000200   0.0000
073 C000200   0.0000
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074 B000200        0
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<PAGE>      PAGE  12
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074 O000200        0
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074 V010200    10.44
074 V020200     0.00
074 W000200   0.0000
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074 Y000200        0
075 A000200        0
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076  000200     0.00
028 A010300         1
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028 E010300         9
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028 F030300         0
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028 H000300        21
029  000300 Y
<PAGE>      PAGE  13
030 A000300      0
030 B000300  4.00
030 C000300  0.25
031 A000300      0
031 B000300      0
032  000300      0
033  000300      0
034  000300 N
035  000300      0
036 B000300      0
037  000300 N
038  000300      0
039  000300 N
040  000300 Y
041  000300 Y
042 A000300   0
042 B000300   7
042 C000300  79
042 D000300  14
042 E000300   0
042 F000300   0
042 G000300   0
042 H000300   0
043  000300      9
044  000300      0
058 A000300 N
059  000300 Y
060 A000300 N
060 B000300 N
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070 A010300 N
070 A020300 N
070 B010300 N
070 B020300 N
070 C010300 N
070 C020300 N
070 D010300 N
070 D020300 N
070 E010300 N
070 E020300 N
070 F010300 N
070 F020300 N
070 G010300 N
070 G020300 N
070 H010300 N
070 H020300 N
070 I010300 N
070 I020300 N
070 J010300 Y
070 J020300 N
070 K010300 Y
<PAGE>      PAGE  14
070 K020300 Y
070 L010300 N
070 L020300 N
070 M010300 N
070 M020300 N
070 N010300 Y
070 N020300 N
070 O010300 N
070 O020300 N
070 P010300 N
070 P020300 N
070 Q010300 N
070 Q020300 N
070 R010300 N
070 R020300 N
071 A000300       653
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071 C000300      1718
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<PAGE>      PAGE  15
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SIGNATURE   MARK D. BECKERMAN                            
TITLE       PRESIDENT           
 


<TABLE> <S> <C>

<ARTICLE> 6
<SERIES>
   <NUMBER> 1
   <NAME> PROGRESSIVE AGGRESSIVE PORTFOLIO
       
<S>                             <C>
<PERIOD-TYPE>                   YEAR
<FISCAL-YEAR-END>                          JUN-30-1995
<PERIOD-END>                               JUN-30-1995
<INVESTMENTS-AT-COST>                          435,127
<INVESTMENTS-AT-VALUE>                         443,556
<RECEIVABLES>                                    3,767
<ASSETS-OTHER>                                     433
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                                 475,602
<PAYABLE-FOR-SECURITIES>                             0
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                        5,800
<TOTAL-LIABILITIES>                              5,800
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                       653,383
<SHARES-COMMON-STOCK>                                0
<SHARES-COMMON-PRIOR>                                0
<ACCUMULATED-NII-CURRENT>                     (32,756)
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                      (192,010)
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                         8,429
<NET-ASSETS>                                   469,802
<DIVIDEND-INCOME>                                3,115
<INTEREST-INCOME>                                2,109
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                (37,980)
<NET-INVESTMENT-INCOME>                       (32,756)
<REALIZED-GAINS-CURRENT>                      (28,393)
<APPREC-INCREASE-CURRENT>                       25,454
<NET-CHANGE-FROM-OPS>                         (35,695)
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                            0
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                          1,319
<NUMBER-OF-SHARES-REDEEMED>                      8,460
<SHARES-REINVESTED>                                  0
<NET-CHANGE-IN-ASSETS>                         (7,141)
<ACCUMULATED-NII-PRIOR>                       (19,937)
<ACCUMULATED-GAINS-PRIOR>                    (163,617)
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                            4,903
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                 42,883
<AVERAGE-NET-ASSETS>                           490,303
<PER-SHARE-NAV-BEGIN>                             7.73
<PER-SHARE-NII>                                  (.62)
<PER-SHARE-GAIN-APPREC>                            .05
<PER-SHARE-DIVIDEND>                                 0
<PER-SHARE-DISTRIBUTIONS>                            0
<RETURNS-OF-CAPITAL>                            (5.99)
<PER-SHARE-NAV-END>                               9.51
<EXPENSE-RATIO>                                   7.75
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        

</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<SERIES>
   <NUMBER> 2
   <NAME> PROGRESSIVE VALUE PORTFOLIO
       
<S>                             <C>
<PERIOD-TYPE>                   YEAR
<FISCAL-YEAR-END>                          JUN-30-1995
<PERIOD-END>                               JUN-30-1995
<INVESTMENTS-AT-COST>                          165,165
<INVESTMENTS-AT-VALUE>                         196,863
<RECEIVABLES>                                        0
<ASSETS-OTHER>                                     638
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                                 268,589
<PAYABLE-FOR-SECURITIES>                             0
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                        5,242
<TOTAL-LIABILITIES>                              5,242
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                       574,909
<SHARES-COMMON-STOCK>                                0
<SHARES-COMMON-PRIOR>                                0
<ACCUMULATED-NII-CURRENT>                     (33,078)
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                      (343,260)
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                        31,698
<NET-ASSETS>                                   263,347
<DIVIDEND-INCOME>                               10,002
<INTEREST-INCOME>                                1,027
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                  44,107
<NET-INVESTMENT-INCOME>                       (33,078)
<REALIZED-GAINS-CURRENT>                       129,917
<APPREC-INCREASE-CURRENT>                     (62,454)
<NET-CHANGE-FROM-OPS>                           34,383
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                            0
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                            804
<NUMBER-OF-SHARES-REDEEMED>                     76,517
<SHARES-REINVESTED>                                  0
<NET-CHANGE-IN-ASSETS>                        (10,939)
<ACCUMULATED-NII-PRIOR>                        (1,080)
<ACCUMULATED-GAINS-PRIOR>                    (473,177)
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
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<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                 48,879
<AVERAGE-NET-ASSETS>                           477,244
<PER-SHARE-NAV-BEGIN>                             9.43
<PER-SHARE-NII>                                  (.66)
<PER-SHARE-GAIN-APPREC>                           1.38
<PER-SHARE-DIVIDEND>                                 0
<PER-SHARE-DISTRIBUTIONS>                            0
<RETURNS-OF-CAPITAL>                              7.41
<PER-SHARE-NAV-END>                               9.72
<EXPENSE-RATIO>                                   9.24
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        

</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<SERIES>
   <NUMBER> 3
   <NAME> PROGRESSIVE ENVIRONMENTAL PORTFOLIO
       
<S>                             <C>
<PERIOD-TYPE>                   YEAR
<FISCAL-YEAR-END>                          JUN-30-1995
<PERIOD-END>                               JUN-30-1995
<INVESTMENTS-AT-COST>                        1,724,659
<INVESTMENTS-AT-VALUE>                       1,612,358
<RECEIVABLES>                                    3,769
<ASSETS-OTHER>                                     632
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                               1,658,028
<PAYABLE-FOR-SECURITIES>                             0
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<OTHER-ITEMS-LIABILITIES>                       14,815
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<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                     2,698,889
<SHARES-COMMON-STOCK>                                0
<SHARES-COMMON-PRIOR>                                0
<ACCUMULATED-NII-CURRENT>                     (37,301)
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                      (984,088)
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<INTEREST-INCOME>                               18,955
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<NET-INVESTMENT-INCOME>                       (37,301)
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<APPREC-INCREASE-CURRENT>                      102,709
<NET-CHANGE-FROM-OPS>                         (95,906)
<EQUALIZATION>                                       0
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<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                          6,201
<NUMBER-OF-SHARES-REDEEMED>                    132,866
<SHARES-REINVESTED>                                  0
<NET-CHANGE-IN-ASSETS>                       (126,665)
<ACCUMULATED-NII-PRIOR>                       (23,932)
<ACCUMULATED-GAINS-PRIOR>                    (822,774)
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<AVERAGE-NET-ASSETS>                         1,859,187
<PER-SHARE-NAV-BEGIN>                             4.87
<PER-SHARE-NII>                                  (.10)
<PER-SHARE-GAIN-APPREC>                          (.06)
<PER-SHARE-DIVIDEND>                                 0
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<RETURNS-OF-CAPITAL>                            (3.71)
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<EXPENSE-RATIO>                                   3.68
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        

</TABLE>


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