<PAGE> PAGE 1
000 A000000 02/28/95
000 C000000 811030
000 D000000 N
000 E000000 NF
000 F000000 Y
000 G000000 N
000 H000000 N
000 I000000 3.0.a
000 J000000 U
001 A000000 PROFESSIONALLY MANAGED PORTFOLIOS
001 B000000 811-5037
001 C000000 2126339700
002 A000000 479 WEST 22D STREET
002 B000000 NEW YORK
002 C000000 NY
002 D010000 10011
003 000000 N
004 000000 N
005 000000 N
006 000000 N
007 A000000 Y
007 B000000 10
007 C010100 1
007 C020100 AVONDALE TOTAL RETURN FUND
007 C030100 N
007 C010200 2
007 C020200 HODGES FUND
007 C030200 N
007 C010300 3
007 C020300 PERKINS OPPORTUNITY FUND
007 C030300 N
007 C010400 4
007 C020400 THE CRESCENT FUND
007 C030400 N
007 C010500 5
007 C020500 PRO-CONSCIENCE WOMEN'S EQUITY MUTUAL FUND
007 C030500 N
007 C010600 6
007 C020600 THE OSTERWEIS FUND
007 C030600 N
007 C010700 7
007 C020700 TEDDY ROOSEVELT TOTAL RETURN TRUST
007 C030700 N
007 C010800 8
007 C020800 PETER GRANDICH CONTRARIAN FUND
007 C030800 N
007 C010900 9
007 C020900 ACADEMY VALUE FUND
007 C030900 N
007 C011000 10
007 C021000 TRENT EQUITY FUND
<PAGE> PAGE 2
007 C031000 N
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
077 A000000 N
071 A000100 2011
071 B000100 2190
071 C000100 6765
071 D000100 30
072 A000100 6
074 N000100 7048
074 T000100 6863
075 A000100 0
075 B000100 7204
071 A000200 2258
071 B000200 1955
071 C000200 8499
071 D000200 23
072 A000200 6
074 N000200 8677
074 T000200 8608
075 A000200 0
075 B000200 8544
071 A000300 3471
071 B000300 2282
071 C000300 3704
071 D000300 62
072 A000300 6
074 N000300 5090
074 T000300 4582
075 A000300 0
075 B000300 3618
071 A000400 6691
071 B000400 3960
071 C000400 9822
071 D000400 40
<PAGE> PAGE 3
072 A000400 6
074 N000400 14595
074 T000400 13836
075 A000400 0
075 B000400 11580
071 A000500 779
071 B000500 404
071 C000500 525
071 D000500 77
072 A000500 6
074 N000500 1271
074 T000500 1080
075 A000500 0
075 B000500 817
071 A000600 2275
071 B000600 494
071 C000600 4192
071 D000600 12
072 A000600 6
074 N000600 8448
074 T000600 8426
075 A000600 0
075 B000600 6720
071 A000700 1354
071 B000700 172
071 C000700 828
071 D000700 21
072 A000700 6
074 N000700 1471
074 T000700 1273
075 A000700 0
075 B000700 952
071 A000800 2012
071 B000800 555
071 C000800 954
071 D000800 58
072 A000800 5
074 N000800 2334
074 T000800 2017
075 A000800 0
075 B000800 1495
008 A000901 ACADEMY CAPITAL MANAGEMENT
008 B000901 A
008 C000901 801-27836
008 D010901 WACO
008 D020901 TX
008 D030901 76710
071 A000900 532
071 B000900 0
071 C000900 384
071 D000900 0
<PAGE> PAGE 4
072 A000900 3
074 N000900 904
074 T000900 896
075 A000900 0
075 B000900 573
071 A001000 471
071 B001000 588
071 C001000 3514
071 D001000 13
072 A001000 6
074 N001000 3519
074 T001000 3469
075 A001000 0
075 B001000 3524
SIGNATURE STEVEN J. PAGGIOLI
TITLE PRESIDENT
