STEIN ROE INVESTMENT TRUST
NSAR-B, 1998-11-30
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<PAGE>      PAGE  1
000 B000000 09/30/98
000 C000000 0000809558
000 D000000 N
000 E000000 NF
000 F000000 Y
000 G000000 N
000 H000000 N
000 I000000 3.0
000 J000000 U
001 A000000 STEIN ROE INVESTMENT TRUST
001 B000000 811-4978
001 C000000 3123687731
002 A000000 1 SOUTH WACKER DRIVE
002 B000000 CHICAGO
002 C000000 IL
002 D010000 60606
002 D020000 4685
003  000000 N
004  000000 N
005  000000 N
006  000000 N
007 A000000 Y
007 B000000 11
007 C010100  1
007 C020100 STEIN ROE GROWTH & INCOME
007 C030100 N
007 C010200  2
007 C010300  3
007 C010400  4
007 C010500  5
007 C020500 STEIN ROE BALANCED FUND
007 C030500 N
007 C010600  6
007 C020600 STEIN ROE GROWTH STOCK FUND
007 C030600 N
007 C010700  7
007 C020700 STEIN ROE CAPITAL OPPORTUNITIES FUND
007 C030700 N
007 C010800  8
007 C020800 STEIN ROE SPECIAL FUND
007 C030800 N
007 C010900  9
007 C011000 10
007 C021000 STEIN ROE INTERNATIONAL FUND
007 C031000 N
007 C011100 11
007 C021100 STEIN ROE YOUNG INVESTOR FUND
007 C031100 N
007 C011200 12
007 C021200 STEIN ROE SPECIAL VENTURE FUND
007 C031200 N
<PAGE>      PAGE  2
007 C011300 13
007 C021300 STEIN ROE EMERGING MARKETS FUND
007 C031300 Y
007 C011400 14
007 C021400 STEIN ROE GROWTH OPPORTUNITIES FUND
007 C031400 N
007 C011500 15
007 C021500 STEIN ROE LARGE COMPANY FOCUS FUND
007 C031500 N
007 C011600 16
007 C011700 17
007 C011800 18
007 C011900 19
007 C012000 20
011 A00AA01 LIBERTY FINANCIAL INVESTMENTS INC.
011 B00AA01 8-44998
011 C01AA01 BOSTON
011 C02AA01 MA
011 C03AA01 02210
011 C04AA01 2214
012 A00AA01 STEINROE SERVICES INC.
012 B00AA01 84-00406
012 C01AA01 CHICAGO
012 C02AA01 IL
012 C03AA01 60606
012 C04AA01 4685
012 A00AA02 LIBERTY FUNDS SERVICES, INC.
012 B00AA02 84-1329
012 C01AA02 BOSTON
012 C02AA02 MA
012 C03AA02 02111
012 C04AA02 2621
013 A00AA01 ARTHUR ANDERSEN LLP
013 B01AA01 CHICAGO
013 B02AA01 IL
013 B03AA01 60603
013 B04AA01 5385
014 A00AA01 LIBERTY FINANCIAL INVESTMENTS INC.
014 B00AA01 8-44998
014 A00AA02 KEYPORT FINANCIAL SERVICES CORP.
014 B00AA02 8-24435
014 A00AA03 LIBERTY SECURITIES CORPORATION
014 B00AA03 8-30670
014 A00AA04 INDEPENDENT FINANCIAL SECURITIES
014 B00AA04 8-37918
015 A00AA01 STATE STREET BANK AND TRUST COMPANY
015 B00AA01 C
015 C01AA01 BOSTON
015 C02AA01 MA
015 C03AA01 02105
015 E01AA01 X
<PAGE>      PAGE  3
015 A00AA02 CITIBANK, N.A.
015 B00AA02 S
015 C01AA02 BUENOS AIRES
015 D01AA02 ARGENTINA
015 D02AA02 1036
015 E01AA02 X
015 A00AA03 WESTPAC BANKING CORPORATION
015 B00AA03 S
015 C01AA03 SYDNEY
015 D01AA03 AUSTRALIA
015 D02AA03 2001
015 E04AA03 X
015 A00AA04 GIROCREDIT BANK AKTIENGESELLSCHAFT DER SPARKA
015 B00AA04 S
015 C01AA04 VIENNA
015 D01AA04 AUSTRIA
015 D02AA04 A-1011
015 E04AA04 X
015 A00AA05 GENERALE BANK
015 B00AA05 S
015 C01AA05 BRUSSELS
015 D01AA05 BELGIUM
015 D02AA05 1000
015 E04AA05 X
015 A00AA06 CANADA TRUSTCO MORTGAGE COMPANY
015 B00AA06 S
015 C01AA06 TORONTO
015 D01AA06 CANADA
015 D02AA06 M5H 2P6
015 E04AA06 X
015 A00AA07 DEN DANSKE BANK
015 B00AA07 S
015 C01AA07 COPENHAGEN
015 D01AA07 DENMARK
015 D02AA07 DK-1092
015 E04AA07 X
015 A00AA08 MERITA BANK LIMITED
015 B00AA08 S
015 C01AA08 HELSINKI
015 D01AA08 FINLAND
015 E04AA08 X
015 A00AA09 BANQUE PARIBAS
015 B00AA09 S
015 C01AA09 PARIS
015 D01AA09 FRANCE
015 D02AA09 75078
015 E04AA09 X
015 A00AA10 DRESDNER BANK AG
015 B00AA10 S
015 C01AA10 FRANKFURT
015 D01AA10 GERMANY
<PAGE>      PAGE  4
015 D02AA10 6000
015 E04AA10 X
015 A00AA11 STANDARD CHARTERED BANK
015 B00AA11 S
015 C01AA11 HONG KONG
015 D01AA11 HONG KONG
015 E04AA11 X
015 A00AA12 BANQUE PARIBAS
015 B00AA12 S
015 C01AA12 MILAN
015 D01AA12 ITALY
015 D02AA12 20121
015 E04AA12 X
015 A00AA13 THE FUJI BANK, LIMITED
015 B00AA13 S
015 C01AA13 TOKYO
015 D01AA13 JAPAN
015 D02AA13 104
015 E04AA13 X
015 A00AA14 MEESPIERSON N.V.
015 B00AA14 S
015 C01AA14 AMSTERDAM
015 D01AA14 THE NETHERLANDS
015 D02AA14 1000AG
015 E04AA14 X
015 A00AA15 ANZ BANKING GROUP (NEW ZEALAND) LIMITED
015 B00AA15 S
015 C01AA15 WELLINGTON
015 D01AA15 NEW ZEALAND
015 E04AA15 X
015 A00AA16 CHRISTIANIA BANK OG KREDITKASSE
015 B00AA16 S
015 C01AA16 OSLO
015 D01AA16 NORWAY
015 D02AA16 1
015 E04AA16 X
015 A00AA17 THE DEVELOPMENT BANK OF SINGAPORE LTD.
015 B00AA17 S
015 C01AA17 SINGAPORE
015 D01AA17 SINGAPORE
015 D02AA17 0106
015 E04AA17 X
015 A00AA18 BANCO SANTANDER, S.A.
015 B00AA18 S
015 C01AA18 MADRID
015 D01AA18 SPAIN
015 D02AA18 28046
015 E04AA18 X
015 A00AA19 SKANDINAVISKA ENSKILDA BANKEN
015 B00AA19 S
015 C01AA19 SWEDEN
<PAGE>      PAGE  5
015 D01AA19 SWEDEN
015 D02AA19 S10640
015 E04AA19 X
015 A00AA20 UNION BANK OF SWITZERLAND
015 B00AA20 S
015 C01AA20 ZURICH
015 D01AA20 SWITZERLAND
015 D02AA20 CH-8001
015 E04AA20 X
015 A00AA21 STANDARD CHARTERED BANK MALAYSIA BERHAD
015 B00AA21 S
015 C01AA21 KUALA LUMPUR
015 D01AA21 MALAYSIA
015 D02AA21 50372
015 E04AA21 X
015 A00AA22 CITIBANK MEXICO, S.A.
015 B00AA22 S
015 C01AA22 MEXICO CITY
015 D01AA22 MEXICO
015 E04AA22 X
015 A00AA23 CENTRAL TRUST OF CHINA
015 B00AA23 S
015 C01AA23 TAIPEI
015 D01AA23 TAIWAN
015 D02AA23 10006
015 E04AA23 X
015 A00AA24 STANDARD CHARTERED BANK
015 B00AA24 S
015 C01AA24 BANGKOK
015 D01AA24 THAILAND
015 D02AA24 10501
015 E04AA24 X
015 A00AA25 STANDARD CHARTERED BANK
015 B00AA25 S
015 C01AA25 JAKARTA
015 D01AA25 INDONESIA
015 D02AA25 10350
015 E04AA25 X
015 A00AA26 STATE STREET BANK AND TRUST COMPANY, LONDON
015 B00AA26 S
015 C01AA26 LONDON
015 D01AA26 UNITED KINGDOM
015 D02AA26 EC4N7BN
015 E04AA26 X
015 A00AA27 BANK OF IRELAND
015 B00AA27 S
015 C01AA27 DUBLIN
015 D01AA27 IRELAND
015 D02AA27 1
015 E04AA27 X
015 A00AA28 HONGKONG & SHANGHAI BANKING CORP, LTD.
<PAGE>      PAGE  6
015 B00AA28 S
015 C01AA28 SEOUL
015 D01AA28 KOREA
015 E04AA28 X
015 A00AA29 STANDARD CHARTERED BANK
015 B00AA29 S
015 C01AA29 MANILA
015 D01AA29 PHILIPPINES
015 E04AA29 X
015 A00AA30 BANCO COMERCIAL PORTUGUES
015 B00AA30 S
015 C01AA30 LISBON
015 D01AA30 PORTUGAL
015 D02AA30 1100
015 E04AA30 X
015 A00AA31 STANDARD BANK OF SOUTH AFRICA LIMITED
015 B00AA31 S
015 C01AA31 JOHANNESBURG
015 D01AA31 SOUTH AFRICA
015 D02AA31 2001
015 E04AA31 X
015 A00AA32 HONGKONG & SHANGHAI BANKING CORPORATION LTD
015 B00AA32 S
015 C01AA32 SHANGHAI/SHENZHEN
015 D01AA32 CHINA
015 E04AA32 X
015 A00AA33 CESKOSLOVENSKA OBCHODNI BANKA A.S.
015 B00AA33 S
015 C01AA33 PRAGUE
015 D01AA33 CZECH REPUBLIC
015 D02AA33 11520
015 E04AA33 X
015 A00AA34 BARCLAYS BANK OF GHANA LIMITED
015 B00AA34 S
015 C01AA34 ACCRA
015 D01AA34 GHANA
015 E04AA34 X
015 A00AA36 CITIBANK, N.A.
015 B00AA36 S
015 C01AA36 LIMA
015 D01AA36 PERU
015 E01AA36 X
015 A00AA37 CITIBANK POLAND S.A.
015 B00AA37 S
015 C01AA37 WARSAW
015 D01AA37 POLAND
015 E04AA37 X
015 A00AA38 CITIBANK, N.A.
015 B00AA38 S
015 C01AA38 ISTANBUL
015 D01AA38 TURKEY
<PAGE>      PAGE  7
015 D02AA38 80200
015 E01AA38 X
015 A00AA39 CITIBANK, N.A.
015 B00AA39 S
015 C01AA39 SAO PAULO
015 D01AA39 BRAZIL
015 D02AA39 01311
015 E01AA39 X
015 A00AA40 CITITRUST COLUMBIA S.A. SOCIEDAD FIDUCIARIA
015 B00AA40 S
015 C01AA40 BOGOTA
015 D01AA40 COLUMBIA
015 E04AA40 X
015 A00AA41 NATIONAL BANK OF GREECE S.A.
015 B00AA41 S
015 C01AA41 ATHENS
015 D01AA41 GREECE
015 D02AA41 105.64
015 E04AA41 X
015 A00AA42 BANK HAPOALIM B.M.
015 B00AA42 S
015 C01AA42 TEL AVIV
015 D01AA42 ISRAEL
015 E04AA42 X
015 A00AA43 HONGKONG AND SHANGHAI BANKING CORPORATION LTD
015 B00AA43 S
015 C01AA43 BOMBAY
015 D01AA43 INDIA
015 E04AA43 X
015 A00AA44 NATIONAL BANK OF EGYPT
015 B00AA44 S
015 C01AA44 CAIRO
015 D01AA44 EGYPT
015 E04AA44 X
015 A00AA45 CITIBANK BUDAPEST RT.
015 B00AA45 S
015 C01AA45 BUDAPEST
015 D01AA45 HUNGARY
015 E04AA45 X
015 A00AA46 DEUTSCHE BANK AG
015 B00AA46 S
015 C01AA46 KARACHI
015 D01AA46 PAKISTAN
015 D02AA46 74000
015 E04AA46 X
015 A00AA47 CREDIT SUISSE-ZURICH VIA CREDIT SUISSE (MOSCO
015 B00AA47 S
015 C01AA47 MOSCOW
015 D01AA47 RUSSIA
015 E04AA47 X
018  00AA00 Y
<PAGE>      PAGE  8
019 A00AA00 Y
019 B00AA00   18
019 C00AA00 STEINROEMF
020 A000001 SALOMON SMITH BARNEY
020 B000001 13-1912900
020 C000001    495
020 A000002 GOLDMAN, SACHS & CO.
020 B000002 13-5108880
020 C000002    495
020 A000003 BEAR, STEARNS
020 B000003 13-3299429
020 C000003    336
020 A000004 BROWN, ALEX & SONS, INC.
020 B000004 52-0256630
020 C000004    332
020 A000005 PAINEWEBBER
020 B000005 13-2638166
020 C000005    332
020 A000006 MERRILL LYNCH, PIERCE, FENNER & SMITH
020 B000006 13-5674085
020 C000006    305
020 A000007 MORGAN STANLEY
020 B000007 13-2655998
020 C000007    298
020 A000008 JONES & ASSOCIATES
020 B000008 95-3583143
020 C000008    241
020 A000009 STANDARD & POOR'S SECURITIES
020 B000009 13-2671951
020 C000009    227
020 A000010 BERNSTEIN (SANFORD C.)
020 B000010 13-2625874
020 C000010    225
021  000000     5658
022 A000001 ASSOCIATES CORP OF NORTH AMERICA
022 B000001 11-1494554
022 C000001  40154032
022 D000001         0
022 A000002 GOLDMAN, SACHS & CO.
022 B000002 13-5108880
022 C000002  20635318
022 D000002    129914
022 A000003 B.A. SECURITIES
022 B000003 95-4035346
022 C000003   5841953
022 D000003         0
022 A000004 MERRILL LYNCH, PIERCE, FENNER, & SMITH
022 B000004 13-5674085
022 C000004   2005295
022 D000004     37772
022 A000005 LEHMAN BROTHERS
<PAGE>      PAGE  9
022 B000005 13-2518466
022 C000005   1492914
022 D000005     13587
022 A000006 CS FIRST BOSTON CORP.
022 B000006 13-5659485
022 C000006   1334134
022 D000006      6547
022 A000007 CHASE SECURITIES INC.
022 B000007 13-2633612
022 C000007    295838
022 D000007         0
022 A000008 BROWN, ALEX & SONS INC.
022 B000008 52-0256630
022 C000008     99954
022 D000008    106226
022 A000009 SALOMON SMITH BARNEY
022 B000009 13-1912900
022 C000009     42247
022 D000009     45052
022 A000010 MORGAN STANLEY
022 B000010 13-2655998
022 C000010     48256
022 D000010     34274
023 C000000   72344935
023 D000000     682505
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
029  00AA00 N
030 A00AA00      0
030 B00AA00  0.00
030 C00AA00  0.00
031 A00AA00      0
031 B00AA00      0
032  00AA00      0
033  00AA00      0
042 A00AA00   0
042 B00AA00   0
042 C00AA00   0
042 D00AA00   0
042 E00AA00   0
042 F00AA00   0
042 G00AA00   0
042 H00AA00   0
<PAGE>      PAGE  10
043  00AA00      0
044  00AA00      0
062 A00AA00 N
062 B00AA00   0.0
062 C00AA00   0.0
062 D00AA00   0.0
062 E00AA00   0.0
062 F00AA00   0.0
062 G00AA00   0.0
062 H00AA00   0.0
062 I00AA00   0.0
062 J00AA00   0.0
062 K00AA00   0.0
062 L00AA00   0.0
062 M00AA00   0.0
062 N00AA00   0.0
062 O00AA00   0.0
062 P00AA00   0.0
062 Q00AA00   0.0
062 R00AA00   0.0
063 A00AA00   0
063 B00AA00  0.0
077 A000000 Y
077 B000000 Y
077 C000000 N
077 D000000 N
077 E000000 N
077 F000000 N
077 G000000 N
077 H000000 N
077 I000000 N
077 J000000 N
077 K000000 N
077 L000000 N
077 M000000 N
077 N000000 N
077 O000000 N
077 P000000 N
077 Q010000 Y
077 Q020000 N
077 Q030000 N
078  000000 N
080 A00AA00 FEDERAL INSURANCE COMPANY
080 B00AA00 ICI MUTUAL INSURANCE COMPANY
080 C00AA00    35000
081 A00AA00 Y
081 B00AA00  31
082 A00AA00 N
082 B00AA00        0
083 A00AA00 N
083 B00AA00        0
<PAGE>      PAGE  11
084 A00AA00 N
084 B00AA00        0
085 A00AA00 Y
085 B00AA00 N
086 A010000      0
086 A020000      0
086 B010000      0
086 B020000      0
086 C010000      0
086 C020000      0
086 D010000      0
086 D020000      0
086 E010000      0
086 E020000      0
086 F010000      0
086 F020000      0
008 A000101 STEIN ROE & FARNHAM INCORPORATED
008 B000101 A
008 C000101 801-27653
008 D010101 CHICAGO
008 D020101 IL
008 D030101 60606
008 D040101 4685
010 A000101 STEIN ROE & FARNHAM INCORPORATED
010 B000101 801-27653
010 C010101 CHICAGO
010 C020101 IL
010 C030101 60606
010 C040101 4685
024  000100 Y
025 A000101 ASSOCIATES CORPORATION OF NORTH AMERICA
025 B000101 11-149454
025 C000101 D
025 D000101   17330
025 A000102 DELETE
025 D000102       0
025 A000103 DELETE
025 D000103       0
025 A000104 DELETE
025 D000104       0
025 A000105 DELETE
025 D000105       0
025 D000106       0
025 D000107       0
025 D000108       0
028 A010100      6551
028 A020100         0
028 A030100         0
028 A040100      7160
028 B010100      6859
028 B020100       575
<PAGE>      PAGE  12
028 B030100         0
028 B040100      4976
028 C010100      7259
028 C020100         0
028 C030100         0
028 C040100      6409
028 D010100     12054
028 D020100         0
028 D030100         0
028 D040100      7408
028 E010100     11840
028 E020100       589
028 E030100         0
028 E040100      9270
028 F010100     10493
028 F020100         0
028 F030100         0
028 F040100      8681
028 G010100     55056
028 G020100      1164
028 G030100         0
028 G040100     43904
028 H000100         0
034  000100 N
035  000100      0
036 B000100      0
037  000100 N
038  000100      0
039  000100 N
040  000100 N
041  000100 N
045  000100 Y
046  000100 N
047  000100 Y
048  000100  0.000
048 A010100   500000
048 A020100 0.600
048 B010100   500000
048 B020100 0.550
048 C010100        0
048 C020100 0.000
048 D010100        0
048 D020100 0.000
048 E010100        0
048 E020100 0.000
048 F010100        0
048 F020100 0.000
048 G010100        0
048 G020100 0.000
048 H010100        0
048 H020100 0.000
<PAGE>      PAGE  13
048 I010100        0
048 I020100 0.000
048 J010100        0
048 J020100 0.000
048 K010100  1000000
048 K020100 0.500
049  000100 N
050  000100 N
051  000100 N
052  000100 N
053 A000100 N
054 A000100 Y
054 B000100 Y
054 C000100 N
054 D000100 N
054 E000100 N
054 F000100 N
054 G000100 N
054 H000100 Y
054 I000100 N
054 J000100 Y
054 K000100 N
054 L000100 N
054 M000100 Y
054 N000100 N
054 O000100 Y
055 A000100 N
055 B000100 N
056  000100 Y
057  000100 N
058 A000100 N
059  000100 Y
060 A000100 Y
060 B000100 Y
061  000100     2500
066 A000100 Y
066 B000100 N
066 C000100 N
066 D000100 N
066 E000100 Y
066 F000100 N
066 G000100 N
067  000100 N
068 A000100 N
068 B000100 N
069  000100 N
070 A010100 Y
070 A020100 N
070 B010100 Y
070 B020100 N
070 C010100 Y
<PAGE>      PAGE  14
070 C020100 N
070 D010100 Y
070 D020100 N
070 E010100 Y
070 E020100 N
070 F010100 Y
070 F020100 Y
070 G010100 Y
070 G020100 N
070 H010100 Y
070 H020100 N
070 I010100 Y
070 I020100 N
070 J010100 Y
070 J020100 N
070 K010100 Y
070 K020100 N
070 L010100 Y
070 L020100 Y
070 M010100 Y
070 M020100 Y
070 N010100 Y
070 N020100 N
070 O010100 Y
070 O020100 N
070 P010100 Y
070 P020100 N
070 Q010100 N
070 Q020100 N
070 R010100 Y
070 R020100 N
071 A000100     43988
071 B000100     33683
071 C000100    307413
071 D000100   11
072 A000100 12
072 B000100     3194
072 C000100     4404
072 D000100        0
072 E000100        0
072 F000100        0
072 G000100      545
072 H000100        0
072 I000100      799
072 J000100        1
072 K000100       35
072 L000100       53
072 M000100        7
072 N000100       33
072 O000100        0
072 P000100        0
<PAGE>      PAGE  15
072 Q000100       33
072 R000100       13
072 S000100        3
072 T000100        0
072 U000100        0
072 V000100        0
072 W000100     2380
072 X000100     3902
072 Y000100        0
072 Z000100     3696
072AA000100     7267
072BB000100        0
072CC010100        0
072CC020100      229
072DD010100     4131
072DD020100        0
072EE000100    14181
073 A010100   0.2800
073 A020100   0.0000
073 B000100   0.9700
073 C000100   0.0000
074 A000100       25
074 B000100        0
074 C000100        0
074 D000100        0
074 E000100        0
074 F000100        0
074 G000100        0
074 H000100        0
074 I000100   351183
074 J000100        0
074 K000100        0
074 L000100      222
074 M000100       28
074 N000100   351458
074 O000100        0
074 P000100      109
074 Q000100        0
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074 R020100        0
074 R030100        0
074 R040100      297
074 S000100        0
074 T000100   351052
074 U010100    15634
074 U020100        0
074 V010100    22.45
074 V020100     0.00
074 W000100   0.0000
074 X000100    11957
074 Y000100        0
<PAGE>      PAGE  16
075 A000100        0
075 B000100   363393
076  000100     0.00
071 A000200         0
071 B000200         0
071 C000200         0
071 D000200    0
072 A000200  0
008 A000501 STEIN ROE & FARNHAM INCORPORATED
008 B000501 A
008 C000501 801-27653
008 D010501 CHICAGO
008 D020501 IL
008 D030501 60606
008 D040501 4685
010 A000501 STEIN ROE & FARNHAM INCORPORATED
010 B000501 801-27653
010 C010501 CHICAGO
010 C020501 IL
010 C030501 60606
010 C040501 4685
024  000500 Y
025 A000501 DELETE
025 D000501       0
025 A000502 LEHMAN BROTHERS
025 B000502 13-2518466
025 C000502 D
025 D000502    2506
025 A000503 DELETE
025 D000503       0
025 A000504 DELETE
025 D000504       0
025 A000505 ASSOCIATES CORPORATION OF NORTH AMERICA
025 B000505 11-149454
025 C000505 D
025 D000505    2090
025 D000506       0
025 D000507       0
025 D000508       0
028 A010500      1607
028 A020500         0
028 A030500         0
028 A040500      4199
028 B010500      1575
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028 B030500         0
028 B040500      3512
028 C010500      1357
028 C020500         0
028 C030500         0
028 C040500      8638
<PAGE>      PAGE  17
028 D010500       972
028 D020500         0
028 D030500         0
028 D040500      9310
028 E010500      1416
028 E020500      1127
028 E030500         0
028 E040500      2990
028 F010500       843
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028 F030500         0
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039  000500 N
040  000500 N
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<PAGE>      PAGE  18
049  000500 N
050  000500 N
051  000500 N
052  000500 N
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054 B000500 Y
054 C000500 N
054 D000500 N
054 E000500 N
054 F000500 N
054 G000500 N
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054 I000500 N
054 J000500 Y
054 K000500 N
054 L000500 N
054 M000500 Y
054 N000500 N
054 O000500 Y
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055 B000500 N
056  000500 Y
057  000500 N
058 A000500 N
059  000500 Y
060 A000500 Y
060 B000500 Y
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066 A000500 Y
066 B000500 N
066 C000500 N
066 D000500 N
066 E000500 N
066 F000500 N
066 G000500 Y
067  000500 Y
068 A000500 N
068 B000500 N
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070 A010500 Y
070 A020500 N
070 B010500 Y
070 B020500 N
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070 C020500 N
070 D010500 Y
070 D020500 N
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070 E020500 N
070 F010500 Y
<PAGE>      PAGE  19
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070 H020500 N
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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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054 G000600 N
<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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070 E020700 N
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070 F020700 N
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070 H020700 N
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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  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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036 B001000      0
037  001000 N
038  001000      0
039  001000 N
040  001000 N
041  001000 N
045  001000 Y
046  001000 N
047  001000 Y
048  001000  0.850
048 A011000        0
048 A021000 0.000
048 B011000        0
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048 I011000        0
048 I021000 0.000
048 J011000        0
048 J021000 0.000
048 K011000        0
048 K021000 0.000
049  001000 N
050  001000 N
051  001000 N
052  001000 N
053 A001000 N
054 A001000 Y
054 B001000 Y
054 C001000 N
<PAGE>      PAGE  37
054 D001000 N
054 E001000 N
054 F001000 N
054 G001000 N
054 H001000 Y
054 I001000 N
054 J001000 Y
054 K001000 N
054 L001000 N
054 M001000 Y
054 N001000 N
054 O001000 Y
055 A001000 Y
055 B001000 Y
056  001000 Y
057  001000 N
058 A001000 N
059  001000 Y
060 A001000 Y
060 B001000 Y
061  001000     2500
066 A001000 Y
066 B001000 N
066 C001000 N
066 D001000 Y
066 E001000 N
066 F001000 N
066 G001000 N
067  001000 N
068 A001000 N
068 B001000 Y
069  001000 N
070 A011000 Y
070 A021000 N
070 B011000 Y
070 B021000 N
070 C011000 Y
070 C021000 N
070 D011000 Y
070 D021000 N
070 E011000 Y
070 E021000 N
070 F011000 Y
070 F021000 N
070 G011000 Y
070 G021000 N
070 H011000 Y
070 H021000 N
070 I011000 Y
070 I021000 N
070 J011000 Y
<PAGE>      PAGE  38
070 J021000 Y
070 K011000 Y
070 K021000 Y
070 L011000 Y
070 L021000 Y
070 M011000 Y
070 M021000 Y
070 N011000 Y
070 N021000 N
070 O011000 Y
070 O021000 Y
070 P011000 Y
070 P021000 N
070 Q011000 N
070 Q021000 N
070 R011000 Y
070 R021000 N
071 A001000     44815
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072 P001000        0
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<PAGE>      PAGE  39
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008 A001101 STEIN ROE & FARNHAM INCORPORATED
008 B001101 A
008 C001101 801-27653
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008 D021101 IL
008 D031101 60606
008 D041101 4685
010 A001101 STEIN ROE & FARNHAM INCORPORATED
010 B001101 801-27653
010 C011101 CHICAGO
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<PAGE>      PAGE  40
010 C031101 60606
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024  001100 Y
025 A001101 TRAVELERS GROUP
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025 B001102 11-1494554
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025 A001103 DELETE
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025 A001104 DELETE
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034  001100 N
035  001100      0
036 B001100      0
037  001100 N
<PAGE>      PAGE  41
038  001100      0
039  001100 N
040  001100 N
041  001100 N
045  001100 Y
046  001100 N
047  001100 Y
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048 A011100   500000
048 A021100 0.600
048 B011100   500000
048 B021100 0.550
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048 D021100 0.000
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048 E021100 0.000
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048 F021100 0.000
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048 G021100 0.000
048 H011100        0
048 H021100 0.000
048 I011100        0
048 I021100 0.000
048 J011100        0
048 J021100 0.000
048 K011100  1000000
048 K021100 0.500
049  001100 N
050  001100 N
051  001100 N
052  001100 N
053 A001100 N
054 A001100 Y
054 B001100 Y
054 C001100 N
054 D001100 N
054 E001100 N
054 F001100 N
054 G001100 N
054 H001100 Y
054 I001100 N
054 J001100 Y
054 K001100 N
054 L001100 N
054 M001100 Y
054 N001100 N
054 O001100 Y
055 A001100 N
<PAGE>      PAGE  42
055 B001100 N
056  001100 Y
057  001100 N
058 A001100 N
059  001100 Y
060 A001100 Y
060 B001100 Y
061  001100     2500
066 A001100 Y
066 B001100 N
066 C001100 N
066 D001100 Y
066 E001100 N
066 F001100 N
066 G001100 N
067  001100 N
068 A001100 N
068 B001100 N
069  001100 N
070 A011100 Y
070 A021100 N
070 B011100 Y
070 B021100 N
070 C011100 Y
070 C021100 N
070 D011100 Y
070 D021100 N
070 E011100 Y
070 E021100 N
070 F011100 Y
070 F021100 N
070 G011100 Y
070 G021100 N
070 H011100 Y
070 H021100 N
070 I011100 Y
070 I021100 N
070 J011100 Y
070 J021100 N
070 K011100 Y
070 K021100 N
070 L011100 Y
070 L021100 Y
070 M011100 Y
070 M021100 N
070 N011100 Y
070 N021100 N
070 O011100 Y
070 O021100 N
070 P011100 Y
070 P021100 N
<PAGE>      PAGE  43
070 Q011100 N
070 Q021100 N
070 R011100 Y
070 R021100 N
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073 A011100   0.0000
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074 B001100        0
074 C001100        0
074 D001100        0
074 E001100        0
074 F001100        0
<PAGE>      PAGE  44
074 G001100        0
074 H001100        0
074 I001100   686067
074 J001100        0
074 K001100        0
074 L001100      806
074 M001100       24
074 N001100   686922
074 O001100        0
074 P001100      225
074 Q001100        0
074 R011100        0
074 R021100        0
074 R031100        0
074 R041100      673
074 S001100        0
074 T001100   686024
074 U011100    30245
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074 Y001100        0
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008 A001201 STEIN ROE & FARNHAM INCORPORATED
008 B001201 A
008 C001201 801-27653
008 D011201 CHICAGO
008 D021201 IL
008 D031201 60606
008 D041201 4685
010 A001201 STEIN ROE & FARNHAM INCORPORATED
010 B001201 801-27653
010 C011201 CHICAGO
010 C021201 IL
010 C031201 60606
010 C041201 4685
024  001200 Y
025 A001201 DELETE
025 D001201       0
025 A001202 ASSOCIATES CORPORATION OF NORTH AMERICA
025 B001202 11-1494554
025 C001202 D
025 D001202    4650
025 A001203 DELETE
025 D001203       0
025 D001204       0
025 D001205       0
<PAGE>      PAGE  45
025 D001206       0
025 D001207       0
025 D001208       0
028 A011200      4361
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028 C031200         0
028 C041200      9772
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028 D041200     16922
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028 H001200         0
034  001200 N
035  001200      0
036 B001200      0
037  001200 N
038  001200      0
039  001200 N
040  001200 N
041  001200 N
045  001200 Y
046  001200 N
047  001200 Y
048  001200  0.750
048 A011200        0
048 A021200 0.000
048 B011200        0
048 B021200 0.000
048 C011200        0
048 C021200 0.000
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<PAGE>      PAGE  46
048 D021200 0.000
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048 E021200 0.000
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048 F021200 0.000
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048 G021200 0.000
048 H011200        0
048 H021200 0.000
048 I011200        0
048 I021200 0.000
048 J011200        0
048 J021200 0.000
048 K011200        0
048 K021200 0.000
049  001200 N
050  001200 N
051  001200 N
052  001200 N
053 A001200 N
054 A001200 Y
054 B001200 Y
054 C001200 N
054 D001200 N
054 E001200 N
054 F001200 N
054 G001200 N
054 H001200 Y
054 I001200 N
054 J001200 Y
054 K001200 N
054 L001200 N
054 M001200 Y
054 N001200 N
054 O001200 Y
055 A001200 N
055 B001200 N
056  001200 Y
057  001200 N
058 A001200 N
059  001200 Y
060 A001200 Y
060 B001200 Y
061  001200     2500
066 A001200 Y
066 B001200 N
066 C001200 Y
066 D001200 N
066 E001200 N
066 F001200 N
066 G001200 N
<PAGE>      PAGE  47
067  001200 N
068 A001200 N
068 B001200 N
069  001200 N
070 A011200 Y
070 A021200 N
070 B011200 Y
070 B021200 N
070 C011200 Y
070 C021200 N
070 D011200 Y
070 D021200 N
070 E011200 Y
070 E021200 N
070 F011200 Y
070 F021200 N
070 G011200 Y
070 G021200 N
070 H011200 Y
070 H021200 N
070 I011200 Y
070 I021200 N
070 J011200 Y
070 J021200 N
070 K011200 Y
070 K021200 N
070 L011200 Y
070 L021200 Y
070 M011200 Y
070 M021200 N
070 N011200 Y
070 N021200 N
070 O011200 Y
070 O021200 N
070 P011200 Y
070 P021200 N
070 Q011200 N
070 Q021200 N
070 R011200 Y
070 R021200 N
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072 A001200 12
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<PAGE>      PAGE  48
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072 X001200     2615
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073 A021200   0.0000
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074 Q001200        0
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<PAGE>      PAGE  49
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008 B001301 A
008 C001301 801-27653
008 D011301 CHICAGO
008 D021301 IL
008 D031301 60606
008 D041301 4685
010 A001301 STEIN ROE & FARNHAM INCORPORATED
010 B001301 801-27653
010 C011301 CHICAGO
010 C021301 IL
010 C031301 60606
010 C041301 4685
024  001300 Y
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025 B001301 11-1494554
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<PAGE>      PAGE  50
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039  001300 N
040  001300 N
041  001300 N
045  001300 Y
046  001300 N
047  001300 Y
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048 A011300        0
048 A021300 0.000
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048 B021300 0.000
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048 C021300 0.000
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048 D021300 0.000
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048 E021300 0.000
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048 F021300 0.000
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048 G021300 0.000
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048 H021300 0.000
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048 I021300 0.000
048 J011300        0
048 J021300 0.000
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048 K021300 0.000
<PAGE>      PAGE  51
049  001300 N
050  001300 N
051  001300 N
052  001300 N
053 A001300 Y
053 B001300 Y
053 C001300 N
054 A001300 Y
054 B001300 Y
054 C001300 N
054 D001300 N
054 E001300 N
054 F001300 N
054 G001300 N
054 H001300 Y
054 I001300 N
054 J001300 Y
054 K001300 N
054 L001300 N
054 M001300 Y
054 N001300 N
054 O001300 Y
055 A001300 Y
055 B001300 N
056  001300 Y
057  001300 N
058 A001300 N
059  001300 Y
060 A001300 Y
060 B001300 Y
061  001300     2500
066 A001300 Y
066 B001300 N
066 C001300 Y
066 D001300 N
066 E001300 N
066 F001300 N
066 G001300 N
067  001300 N
068 A001300 N
068 B001300 Y
069  001300 N
070 A011300 Y
070 A021300 N
070 B011300 Y
070 B021300 N
070 C011300 Y
070 C021300 N
070 D011300 Y
070 D021300 N
070 E011300 Y
<PAGE>      PAGE  52
070 E021300 N
070 F011300 Y
070 F021300 N
070 G011300 Y
070 G021300 N
070 H011300 Y
070 H021300 N
070 I011300 Y
070 I021300 N
070 J011300 Y
070 J021300 Y
070 K011300 Y
070 K021300 Y
070 L011300 Y
070 L021300 Y
070 M011300 Y
070 M021300 Y
070 N011300 Y
070 N021300 N
070 O011300 Y
070 O021300 N
070 P011300 Y
070 P021300 N
070 Q011300 N
070 Q021300 N
070 R011300 Y
070 R021300 N
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<PAGE>      PAGE  53
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072 X001300      577
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072DD011300      550
072DD021300        0
072EE001300     2929
073 A011300   0.1700
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074 B001300        0
074 C001300      310
074 D001300        0
074 E001300        0
074 F001300    10478
074 G001300        0
074 H001300        0
074 I001300        0
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074 K001300        0
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074 M001300        4
074 N001300    10996
074 O001300        0
074 P001300       29
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008 A001401 STEIN ROE & FARNHAM INCORPORATED
<PAGE>      PAGE  54
008 B001401 A
008 C001401 801-27653
008 D011401 CHICAGO
008 D021401 IL
008 D031401 60606
008 D041401 4685
010 A001401 STEIN ROE & FARNHAM INCORPORATED
010 B001401 801-27653
010 C011401 CHICAGO
010 C021401 IL
010 C031401 60606
010 C041401 4685
024  001400 Y
025 A001401 DELETE
025 D001401       0
025 A001402 DELETE
025 D001402       0
025 A001403 ASSOCIATES CORPORATION OF NORTH AMERICA
025 B001403 11-1494554
025 C001403 D
025 D001403    1915
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<PAGE>      PAGE  55
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028 G041400     12905
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034  001400 N
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036 B001400      0
037  001400 N
038  001400      0
039  001400 N
040  001400 N
045  001400 Y
046  001400 N
047  001400 Y
048  001400  0.000
048 A011400   500000
048 A021400 0.750
048 B011400   500000
048 B021400 0.700
048 C011400   500000
048 C021400 0.650
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048 E011400        0
048 E021400 0.000
048 F011400        0
048 F021400 0.000
048 G011400        0
048 G021400 0.000
048 H011400        0
048 H021400 0.000
048 I011400        0
048 I021400 0.000
048 J011400        0
048 J021400 0.000
048 K011400  1500000
048 K021400 0.600
049  001400 N
050  001400 N
051  001400 N
052  001400 N
053 A001400 Y
053 B001400 Y
053 C001400 N
054 A001400 Y
054 B001400 Y
054 C001400 N
054 D001400 N
054 E001400 N
054 F001400 N
<PAGE>      PAGE  56
054 G001400 N
054 H001400 Y
054 I001400 N
054 J001400 Y
054 K001400 N
054 L001400 N
054 M001400 Y
054 N001400 N
054 O001400 Y
055 A001400 N
055 B001400 N
056  001400 Y
057  001400 N
058 A001400 N
059  001400 Y
060 A001400 Y
060 B001400 Y
061  001400     2500
066 A001400 Y
066 B001400 N
066 C001400 N
066 D001400 Y
066 E001400 N
066 F001400 N
066 G001400 N
067  001400 N
068 A001400 N
068 B001400 N
069  001400 N
070 A011400 Y
070 A021400 N
070 B011400 Y
070 B021400 N
070 C011400 Y
070 C021400 N
070 D011400 Y
070 D021400 N
070 E011400 Y
070 E021400 N
070 F011400 Y
070 F021400 N
070 G011400 Y
070 G021400 N
070 H011400 Y
070 H021400 N
070 I011400 Y
070 I021400 N
070 J011400 Y
070 J021400 N
070 K011400 Y
070 K021400 N
<PAGE>      PAGE  57
070 L011400 Y
070 L021400 Y
070 M011400 Y
070 M021400 N
070 N011400 Y
070 N021400 N
070 O011400 Y
070 O021400 N
070 P011400 Y
070 P021400 N
070 Q011400 N
070 Q021400 N
070 R011400 Y
070 R021400 N
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072 A001400 12
072 B001400      194
072 C001400      137
072 D001400        0
072 E001400        0
072 F001400      407
072 G001400       81
072 H001400        0
072 I001400      119
072 J001400        0
072 K001400       20
072 L001400       12
072 M001400       11
072 N001400       24
072 O001400        0
072 P001400        0
072 Q001400       25
072 R001400       23
072 S001400        5
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072 U001400       25
072 V001400        0
072 W001400       29
072 X001400      781
072 Y001400      103
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072DD011400        0
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<PAGE>      PAGE  58
073 A011400   0.0000
073 A021400   0.0000
073 B001400   0.0000
073 C001400   0.0000
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074 D001400        0
074 E001400        0
074 F001400    45959
074 G001400        0
074 H001400        0
074 I001400        0
074 J001400      161
074 K001400        0
074 L001400       56
074 M001400        5
074 N001400    50122
074 O001400       29
074 P001400       68
074 Q001400        0
074 R011400        0
074 R021400        0
074 R031400        0
074 R041400       51
074 S001400        0
074 T001400    49974
074 U011400     4802
074 U021400        0
074 V011400    10.41
074 V021400     0.00
074 W001400   0.0000
074 X001400     3804
074 Y001400        0
075 A001400        0
075 B001400    54258
076  001400     0.00
008 A001501 STEIN ROE & FARNHAM INCORPORATED
008 B001501 A
008 C001501 801-27653
008 D011501 CHICAGO
008 D021501 IL
008 D031501 60606
008 D041501 4685
010 A001501 STEIN ROE & FARNHAM INCORPORATED
010 B001501 801-27653
010 C011501 CHICAGO
010 C021501 IL
010 C031501 60606
010 C041501 4685
024  001500 Y
<PAGE>      PAGE  59
025 A001501 ASSOCIATES CORP. OF NORTH AMERICA
025 B001501 11-1494554
025 C001501 D
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028 A011500         0
028 A021500         0
028 A031500         0
028 A041500         0
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028 B021500         0
028 B031500         0
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028 C031500         0
028 C041500        31
028 D011500      6086
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028 D041500       985
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028 E021500         0
028 E031500         0
028 E041500      2454
028 F011500      1700
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028 F031500         0
028 F041500       950
028 G011500     55706
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045  001500 Y
046  001500 N
047  001500 Y
048  001500  0.000
048 A011500   500000
048 A021500 0.750
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048 B021500 0.700
048 C011500   500000
048 C021500 0.650
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048 E011500        0
048 E021500 0.000
048 F011500        0
048 F021500 0.000
048 G011500        0
048 G021500 0.000
<PAGE>      PAGE  60
048 H011500        0
048 H021500 0.000
048 I011500        0
048 I021500 0.000
048 J011500        0
048 J021500 0.000
048 K011500  1500000
048 K021500 0.600
049  001500 N
050  001500 N
051  001500 N
052  001500 N
053 A001500 Y
053 B001500 Y
053 C001500 N
055 A001500 N
055 B001500 N
056  001500 Y
057  001500 N
058 A001500 N
059  001500 Y
060 A001500 N
060 B001500 N
061  001500     2500
066 A001500 Y
066 B001500 N
066 C001500 N
066 D001500 Y
066 E001500 N
066 F001500 N
066 G001500 N
067  001500 N
068 A001500 N
068 B001500 N
069  001500 N
070 A011500 Y
070 A021500 N
070 B011500 Y
070 B021500 N
070 C011500 Y
070 C021500 N
070 D011500 Y
070 D021500 N
070 E011500 Y
070 E021500 N
070 F011500 Y
070 F021500 N
070 G011500 Y
070 G021500 N
070 H011500 Y
070 H021500 N
<PAGE>      PAGE  61
070 I011500 Y
070 I021500 N
070 J011500 Y
070 J021500 N
070 K011500 Y
070 K021500 N
070 L011500 Y
070 L021500 N
070 M011500 Y
070 M021500 N
070 N011500 Y
070 N021500 N
070 O011500 Y
070 O021500 N
070 P011500 Y
070 P021500 N
070 Q011500 N
070 Q021500 N
070 R011500 Y
070 R021500 N
071 A001500     57921
071 B001500      8948
071 C001500     41693
071 D001500   21
072 A001500  3
072 B001500       53
072 C001500      110
072 D001500        0
072 E001500        0
072 F001500       89
072 G001500       18
072 H001500        0
072 I001500       26
072 J001500        1
072 K001500        8
072 L001500       10
072 M001500        3
072 N001500        3
072 O001500        0
072 P001500        0
072 Q001500        6
072 R001500       21
072 S001500        0
072 T001500        0
072 U001500        2
072 V001500        0
072 W001500        3
072 X001500      190
072 Y001500       13
072 Z001500      -14
072AA001500        0
<PAGE>      PAGE  62
072BB001500     1997
072CC011500        0
072CC021500     4559
072DD011500        0
072DD021500        0
072EE001500        0
073 A011500   0.0000
073 A021500   0.0000
073 B001500   0.0000
073 C001500   0.0000
074 A001500        4
074 B001500        0
074 C001500     2340
074 D001500        0
074 E001500        0
074 F001500    42418
074 G001500        0
074 H001500        0
074 I001500        0
074 J001500        0
074 K001500        0
074 L001500       54
074 M001500       27
074 N001500    44843
074 O001500        0
074 P001500       86
074 Q001500        0
074 R011500       41
074 R021500        0
074 R031500        0
074 R041500        0
074 S001500        0
074 T001500    44716
074 U011500     5122
074 U021500        0
074 V011500     8.73
074 V021500     0.00
074 W001500   0.0000
074 X001500     5153
074 Y001500        0
075 A001500        0
075 B001500    45024
076  001500     0.00
SIGNATURE   THOMAS W. BUTCH                              
TITLE       PRESIDENT           
 


<TABLE> <S> <C>

<ARTICLE> 6
<SERIES>
   <NUMBER> 1
   <NAME> STEIN ROE GROWTH & INCOME FUND
       
<S>                             <C>
<PERIOD-TYPE>                   YEAR
<FISCAL-YEAR-END>                          SEP-30-1998
<PERIOD-END>                               SEP-30-1998
<INVESTMENTS-AT-COST>                                0
<INVESTMENTS-AT-VALUE>                          351183
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<NET-ASSETS>                                    351052
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<NET-INVESTMENT-INCOME>                           3696
<REALIZED-GAINS-CURRENT>                          7267
<APPREC-INCREASE-CURRENT>                        (229)
<NET-CHANGE-FROM-OPS>                            10734
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<AVERAGE-NET-ASSETS>                            363393
<PER-SHARE-NAV-BEGIN>                            22.91
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<PER-SHARE-GAIN-APPREC>                            .55
<PER-SHARE-DIVIDEND>                               .28
<PER-SHARE-DISTRIBUTIONS>                          .97
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<PER-SHARE-NAV-END>                              22.45
<EXPENSE-RATIO>                                   1.07
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        

</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<SERIES>
   <NUMBER> 5
   <NAME> STEIN ROE BALANCED FUND
       
<S>                             <C>
<PERIOD-TYPE>                   YEAR
<FISCAL-YEAR-END>                          SEP-30-1998
<PERIOD-END>                               SEP-30-1998
<INVESTMENTS-AT-COST>                                0
<INVESTMENTS-AT-VALUE>                          248128
<RECEIVABLES>                                       21
<ASSETS-OTHER>                                      61
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                                  248210
<PAYABLE-FOR-SECURITIES>                             0
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                          358
<TOTAL-LIABILITIES>                                358
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                        175957
<SHARES-COMMON-STOCK>                             8074
<SHARES-COMMON-PRIOR>                             8526
<ACCUMULATED-NII-CURRENT>                          573
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<ACCUMULATED-NET-GAINS>                          15117
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                         56205
<NET-ASSETS>                                    247852
<DIVIDEND-INCOME>                                 2361
<INTEREST-INCOME>                                 8542
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                    2857
<NET-INVESTMENT-INCOME>                           8046
<REALIZED-GAINS-CURRENT>                         22004
<APPREC-INCREASE-CURRENT>                      (27976)
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<DISTRIBUTIONS-OF-INCOME>                         6492
<DISTRIBUTIONS-OF-GAINS>                         16945
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<SHARES-REINVESTED>                                615
<NET-CHANGE-IN-ASSETS>                         (36994)
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<ACCUMULATED-GAINS-PRIOR>                         9383
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<GROSS-EXPENSE>                                   2857
<AVERAGE-NET-ASSETS>                            277843
<PER-SHARE-NAV-BEGIN>                            33.41
<PER-SHARE-NII>                                    .95
<PER-SHARE-GAIN-APPREC>                          (.90)
<PER-SHARE-DIVIDEND>                               .76
<PER-SHARE-DISTRIBUTIONS>                         2.00
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              30.70
<EXPENSE-RATIO>                                   1.03
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</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<SERIES>
   <NUMBER> 10
   <NAME> STEIN ROE INTERNATIONAL FUND
       
<S>                             <C>
<PERIOD-TYPE>                   YEAR
<FISCAL-YEAR-END>                          SEP-30-1998
<PERIOD-END>                               SEP-30-1998
<INVESTMENTS-AT-COST>                                0
<INVESTMENTS-AT-VALUE>                          114418
<RECEIVABLES>                                       11
<ASSETS-OTHER>                                      56
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                                  114485
<PAYABLE-FOR-SECURITIES>                             0
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                          241
<TOTAL-LIABILITIES>                                241
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                        128439
<SHARES-COMMON-STOCK>                            12474
<SHARES-COMMON-PRIOR>                            14090
<ACCUMULATED-NII-CURRENT>                          745
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                         (8375)
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                        (6565)
<NET-ASSETS>                                    114244
<DIVIDEND-INCOME>                                 2828
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<OTHER-INCOME>                                       0
<EXPENSES-NET>                                    2264
<NET-INVESTMENT-INCOME>                            919
<REALIZED-GAINS-CURRENT>                        (7353)
<APPREC-INCREASE-CURRENT>                      (18814)
<NET-CHANGE-FROM-OPS>                          (25248)
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                         1450
<DISTRIBUTIONS-OF-GAINS>                          8026
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                           5773
<NUMBER-OF-SHARES-REDEEMED>                       8127
<SHARES-REINVESTED>                                738
<NET-CHANGE-IN-ASSETS>                         (51844)
<ACCUMULATED-NII-PRIOR>                            554
<ACCUMULATED-GAINS-PRIOR>                         7627
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                                0
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                   2264
<AVERAGE-NET-ASSETS>                            147921
<PER-SHARE-NAV-BEGIN>                            11.79
<PER-SHARE-NII>                                    .07
<PER-SHARE-GAIN-APPREC>                         (2.01)
<PER-SHARE-DIVIDEND>                               .11
<PER-SHARE-DISTRIBUTIONS>                          .58
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                               9.16
<EXPENSE-RATIO>                                   1.53
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        

</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<SERIES>
   <NUMBER> 12
   <NAME> STEIN ROE SPECIAL VENTURE FUND
       
<S>                             <C>
<PERIOD-TYPE>                   YEAR
<FISCAL-YEAR-END>                          SEP-30-1998
<PERIOD-END>                               SEP-30-1998
<INVESTMENTS-AT-COST>                                0
<INVESTMENTS-AT-VALUE>                          116302
<RECEIVABLES>                                        2
<ASSETS-OTHER>                                      32
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                                  116336
<PAYABLE-FOR-SECURITIES>                             0
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                          257
<TOTAL-LIABILITIES>                                257
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                        148402
<SHARES-COMMON-STOCK>                            11046
<SHARES-COMMON-PRIOR>                            13511
<ACCUMULATED-NII-CURRENT>                            0
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                         (7068)
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                       (25255)
<NET-ASSETS>                                    116079
<DIVIDEND-INCOME>                                  813
<INTEREST-INCOME>                                  778
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                    2615
<NET-INVESTMENT-INCOME>                         (1024)
<REALIZED-GAINS-CURRENT>                           910
<APPREC-INCREASE-CURRENT>                      (67561)
<NET-CHANGE-FROM-OPS>                          (67675)
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                            0
<DISTRIBUTIONS-OF-GAINS>                         24530
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                           3547
<NUMBER-OF-SHARES-REDEEMED>                       7665
<SHARES-REINVESTED>                               1653
<NET-CHANGE-IN-ASSETS>                        (119676)
<ACCUMULATED-NII-PRIOR>                              0
<ACCUMULATED-GAINS-PRIOR>                        16736
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                                0
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                   2615
<AVERAGE-NET-ASSETS>                            203836
<PER-SHARE-NAV-BEGIN>                            17.45
<PER-SHARE-NII>                                  (.09)
<PER-SHARE-GAIN-APPREC>                         (5.08)
<PER-SHARE-DIVIDEND>                                 0
<PER-SHARE-DISTRIBUTIONS>                         1.77
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              10.51
<EXPENSE-RATIO>                                   1.28
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        

</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<SERIES>
   <NUMBER> 6
   <NAME> STEIN ROE GROWTH STOCK FUND
       
<S>                             <C>
<PERIOD-TYPE>                   YEAR
<FISCAL-YEAR-END>                          SEP-30-1998
<PERIOD-END>                               SEP-30-1998
<INVESTMENTS-AT-COST>                                0
<INVESTMENTS-AT-VALUE>                          615756
<RECEIVABLES>                                      237
<ASSETS-OTHER>                                      80
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                                  616073
<PAYABLE-FOR-SECURITIES>                             0
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                          728
<TOTAL-LIABILITIES>                                728
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                        323268
<SHARES-COMMON-STOCK>                            17730
<SHARES-COMMON-PRIOR>                            17218
<ACCUMULATED-NII-CURRENT>                            0
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                         (3589)
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                        295666
<NET-ASSETS>                                    615345
<DIVIDEND-INCOME>                                 4698
<INTEREST-INCOME>                                 1399
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                    6749
<NET-INVESTMENT-INCOME>                          (652)
<REALIZED-GAINS-CURRENT>                         (894)
<APPREC-INCREASE-CURRENT>                        29857
<NET-CHANGE-FROM-OPS>                            28311
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                            0
<DISTRIBUTIONS-OF-GAINS>                         36957
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                           2955
<NUMBER-OF-SHARES-REDEEMED>                       3319
<SHARES-REINVESTED>                                876
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<ACCUMULATED-NII-PRIOR>                             55
<ACCUMULATED-GAINS-PRIOR>                        34207
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<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                                0
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                   6749
<AVERAGE-NET-ASSETS>                            657231
<PER-SHARE-NAV-BEGIN>                            35.29
<PER-SHARE-NII>                                  (.04)
<PER-SHARE-GAIN-APPREC>                           1.61
<PER-SHARE-DIVIDEND>                                 0
<PER-SHARE-DISTRIBUTIONS>                         2.15
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              34.71
<EXPENSE-RATIO>                                   1.03
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        

</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<SERIES>
   <NUMBER> 7
   <NAME> STEIN ROE CAPITAL OPPORTUNITIES FUND
       
<S>                             <C>
<PERIOD-TYPE>                   YEAR
<FISCAL-YEAR-END>                          SEP-30-1998
<PERIOD-END>                               SEP-30-1998
<INVESTMENTS-AT-COST>                           544869
<INVESTMENTS-AT-VALUE>                          683729
<RECEIVABLES>                                    15854
<ASSETS-OTHER>                                     113
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                                  699696
<PAYABLE-FOR-SECURITIES>                         16172
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                         2391
<TOTAL-LIABILITIES>                              18563
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                        551069
<SHARES-COMMON-STOCK>                            26962
<SHARES-COMMON-PRIOR>                            38173
<ACCUMULATED-NII-CURRENT>                            0
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                         (8796)
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                        138860
<NET-ASSETS>                                    681133
<DIVIDEND-INCOME>                                  860
<INTEREST-INCOME>                                 3662
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                   11313
<NET-INVESTMENT-INCOME>                         (6791)
<REALIZED-GAINS-CURRENT>                        110560
<APPREC-INCREASE-CURRENT>                     (195885)
<NET-CHANGE-FROM-OPS>                          (92116)
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                            0
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                           8722
<NUMBER-OF-SHARES-REDEEMED>                      19933
<SHARES-REINVESTED>                                  0
<NET-CHANGE-IN-ASSETS>                        (429509)
<ACCUMULATED-NII-PRIOR>                              0
<ACCUMULATED-GAINS-PRIOR>                     (119356)
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                             6828
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                  11313
<AVERAGE-NET-ASSETS>                            940411
<PER-SHARE-NAV-BEGIN>                            29.10
<PER-SHARE-NII>                                  (.25)
<PER-SHARE-GAIN-APPREC>                         (3.60)
<PER-SHARE-DIVIDEND>                                 0
<PER-SHARE-DISTRIBUTIONS>                            0
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              25.25
<EXPENSE-RATIO>                                   1.20
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        

</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<SERIES>
   <NUMBER> 8
   <NAME> STEIN ROE SPECIAL FUND
       
<S>                             <C>
<PERIOD-TYPE>                   YEAR
<FISCAL-YEAR-END>                          SEP-30-1998
<PERIOD-END>                               SEP-30-1998
<INVESTMENTS-AT-COST>                                0
<INVESTMENTS-AT-VALUE>                          917000
<RECEIVABLES>                                      215
<ASSETS-OTHER>                                     146
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                                  917361
<PAYABLE-FOR-SECURITIES>                             0
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                         5711
<TOTAL-LIABILITIES>                               5711
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                        591705
<SHARES-COMMON-STOCK>                            37241
<SHARES-COMMON-PRIOR>                            39288
<ACCUMULATED-NII-CURRENT>                         2198
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                         158186
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                        159561
<NET-ASSETS>                                    911650
<DIVIDEND-INCOME>                                 7362
<INTEREST-INCOME>                                 9114
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                   13914
<NET-INVESTMENT-INCOME>                           2562
<REALIZED-GAINS-CURRENT>                        212315
<APPREC-INCREASE-CURRENT>                     (441669)
<NET-CHANGE-FROM-OPS>                         (226792)
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                            0
<DISTRIBUTIONS-OF-GAINS>                        130064
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                           6671
<NUMBER-OF-SHARES-REDEEMED>                      12731
<SHARES-REINVESTED>                               4013
<NET-CHANGE-IN-ASSETS>                        (415928)
<ACCUMULATED-NII-PRIOR>                              0
<ACCUMULATED-GAINS-PRIOR>                       110545
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                                0
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                  13914
<AVERAGE-NET-ASSETS>                           1232669
<PER-SHARE-NAV-BEGIN>                            33.79
<PER-SHARE-NII>                                    .07
<PER-SHARE-GAIN-APPREC>                         (6.06)
<PER-SHARE-DIVIDEND>                                 0
<PER-SHARE-DISTRIBUTIONS>                         3.32
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              24.48
<EXPENSE-RATIO>                                   1.13
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        

</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<SERIES>
   <NUMBER> 11
   <NAME> STEIN ROE YOUNG INVESTOR FUND
       
<S>                             <C>
<PERIOD-TYPE>                   YEAR
<FISCAL-YEAR-END>                          SEP-30-1998
<PERIOD-END>                               SEP-30-1998
<INVESTMENTS-AT-COST>                                0
<INVESTMENTS-AT-VALUE>                          686067
<RECEIVABLES>                                      806
<ASSETS-OTHER>                                      49
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                                  686922
<PAYABLE-FOR-SECURITIES>                             0
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                          898
<TOTAL-LIABILITIES>                                898
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                        595652
<SHARES-COMMON-STOCK>                            30245
<SHARES-COMMON-PRIOR>                            20899
<ACCUMULATED-NII-CURRENT>                            0
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                          18155
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                         72217
<NET-ASSETS>                                    686024
<DIVIDEND-INCOME>                                 4239
<INTEREST-INCOME>                                 2204
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                    8189
<NET-INVESTMENT-INCOME>                         (1746)
<REALIZED-GAINS-CURRENT>                         18158
<APPREC-INCREASE-CURRENT>                      (31047)
<NET-CHANGE-FROM-OPS>                          (14635)
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                            0
<DISTRIBUTIONS-OF-GAINS>                          7157
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                          18030
<NUMBER-OF-SHARES-REDEEMED>                       8999
<SHARES-REINVESTED>                                315
<NET-CHANGE-IN-ASSETS>                          210518
<ACCUMULATED-NII-PRIOR>                              0
<ACCUMULATED-GAINS-PRIOR>                         7149
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                                0
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                   8189
<AVERAGE-NET-ASSETS>                            624812
<PER-SHARE-NAV-BEGIN>                            22.75
<PER-SHARE-NII>                                  (.06)
<PER-SHARE-GAIN-APPREC>                            .31
<PER-SHARE-DIVIDEND>                                 0
<PER-SHARE-DISTRIBUTIONS>                          .32
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              22.68
<EXPENSE-RATIO>                                   1.31
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        

</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<SERIES>
   <NUMBER> 13
   <NAME> STEIN ROE EMERGING MARKETS FUND
       
<S>                             <C>
<PERIOD-TYPE>                   YEAR
<FISCAL-YEAR-END>                          SEP-30-1998
<PERIOD-END>                               SEP-30-1998
<INVESTMENTS-AT-COST>                            24387
<INVESTMENTS-AT-VALUE>                           10788
<RECEIVABLES>                                      139
<ASSETS-OTHER>                                      69
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                                   10996
<PAYABLE-FOR-SECURITIES>                             0
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                           97
<TOTAL-LIABILITIES>                                 97
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                         35021
<SHARES-COMMON-STOCK>                             3072
<SHARES-COMMON-PRIOR>                             4062
<ACCUMULATED-NII-CURRENT>                          112
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                        (10637)
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                       (13597)
<NET-ASSETS>                                     10899
<DIVIDEND-INCOME>                                  635
<INTEREST-INCOME>                                  113
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                     437
<NET-INVESTMENT-INCOME>                            311
<REALIZED-GAINS-CURRENT>                        (9997)
<APPREC-INCREASE-CURRENT>                      (11318)
<NET-CHANGE-FROM-OPS>                          (21004)
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                          550
<DISTRIBUTIONS-OF-GAINS>                          2929
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                           1192
<NUMBER-OF-SHARES-REDEEMED>                       2680
<SHARES-REINVESTED>                                498
<NET-CHANGE-IN-ASSETS>                         (30718)
<ACCUMULATED-NII-PRIOR>                            146
<ACCUMULATED-GAINS-PRIOR>                         2494
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                              241
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                    577
<AVERAGE-NET-ASSETS>                             21873
<PER-SHARE-NAV-BEGIN>                            10.24
<PER-SHARE-NII>                                    .11
<PER-SHARE-GAIN-APPREC>                         (5.70)
<PER-SHARE-DIVIDEND>                               .17
<PER-SHARE-DISTRIBUTIONS>                          .93
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                               3.55
<EXPENSE-RATIO>                                   2.00
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        

</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<SERIES>
   <NUMBER> 14
   <NAME> STEIN ROE GROWTH OPPORTUNITIES FUND
       
<S>                             <C>
<PERIOD-TYPE>                   YEAR
<FISCAL-YEAR-END>                          SEP-30-1998
<PERIOD-END>                               SEP-30-1998
<INVESTMENTS-AT-COST>                            47094
<INVESTMENTS-AT-VALUE>                           49874
<RECEIVABLES>                                      217
<ASSETS-OTHER>                                      31
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                                   50122
<PAYABLE-FOR-SECURITIES>                            29
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                          119
<TOTAL-LIABILITIES>                                148
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                         49005
<SHARES-COMMON-STOCK>                             4802
<SHARES-COMMON-PRIOR>                             4625
<ACCUMULATED-NII-CURRENT>                         (26)
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                         (1785)
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                          2780
<NET-ASSETS>                                     49974
<DIVIDEND-INCOME>                                  137
<INTEREST-INCOME>                                  194
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                     678
<NET-INVESTMENT-INCOME>                          (347)
<REALIZED-GAINS-CURRENT>                        (1412)
<APPREC-INCREASE-CURRENT>                        (942)
<NET-CHANGE-FROM-OPS>                           (2701)
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                            0
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                           2178
<NUMBER-OF-SHARES-REDEEMED>                       2001
<SHARES-REINVESTED>                                  0
<NET-CHANGE-IN-ASSETS>                             144
<ACCUMULATED-NII-PRIOR>                              2
<ACCUMULATED-GAINS-PRIOR>                        (373)
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                              407
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                    781
<AVERAGE-NET-ASSETS>                             54258
<PER-SHARE-NAV-BEGIN>                            10.77
<PER-SHARE-NII>                                  (.07)
<PER-SHARE-GAIN-APPREC>                          (.29)
<PER-SHARE-DIVIDEND>                                 0
<PER-SHARE-DISTRIBUTIONS>                            0
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              10.41
<EXPENSE-RATIO>                                   1.25
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        

</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<SERIES>
   <NUMBER> 15
   <NAME> STEIN ROE LARGE COMPANY FOCUS FUND
       
<S>                             <C>
<PERIOD-TYPE>                   OTHER
<FISCAL-YEAR-END>                          SEP-30-1998
<PERIOD-END>                               SEP-30-1998
<INVESTMENTS-AT-COST>                            49317
<INVESTMENTS-AT-VALUE>                           44758
<RECEIVABLES>                                       54
<ASSETS-OTHER>                                      31
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                                   44843
<PAYABLE-FOR-SECURITIES>                             0
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                          127
<TOTAL-LIABILITIES>                                127
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                         51272
<SHARES-COMMON-STOCK>                             5122
<SHARES-COMMON-PRIOR>                                0
<ACCUMULATED-NII-CURRENT>                            0
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                         (1997)
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                        (4559)
<NET-ASSETS>                                     44716
<DIVIDEND-INCOME>                                  110
<INTEREST-INCOME>                                   53
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                     177
<NET-INVESTMENT-INCOME>                           (14)
<REALIZED-GAINS-CURRENT>                        (1997)
<APPREC-INCREASE-CURRENT>                       (4559)
<NET-CHANGE-FROM-OPS>                           (6570)
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                            0
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                           5607
<NUMBER-OF-SHARES-REDEEMED>                        485
<SHARES-REINVESTED>                                  0
<NET-CHANGE-IN-ASSETS>                           44716
<ACCUMULATED-NII-PRIOR>                              0
<ACCUMULATED-GAINS-PRIOR>                            0
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                               89 
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                    190
<AVERAGE-NET-ASSETS>                             45024
<PER-SHARE-NAV-BEGIN>                            10.00
<PER-SHARE-NII>                                      0
<PER-SHARE-GAIN-APPREC>                         (1.27)
<PER-SHARE-DIVIDEND>                                 0
<PER-SHARE-DISTRIBUTIONS>                            0
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                               8.73
<EXPENSE-RATIO>                                   1.50
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        

</TABLE>


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