<PAGE> PAGE 1
000 A000000 12/31/95
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 17
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
007 C011100 11
007 C021100 MATRIX GROWTH FUND
007 C031100 N
007 C011200 12
007 C021200 MATRIX EMERGING GROWTH FUND
007 C031200 N
007 C011300 13
007 C021300 KAYNE, ANDERSON RISING DIVIDENDS FUND
007 C031300 N
007 C011400 14
007 C021400 INSIGHTFUL INVESTOR GROWTH FUND
007 C031400 N
007 C011500 15
007 C021500 BOSTON MANAGED GROWTH FUND
007 C031500 N
007 C011600 16
007 C021600 LEONETTI BALANCED FUND
007 C031600 N
007 C011700 17
007 C021700 U.S. GLOBAL LEADERS GROWTH FUND
007 C031700 N
007 C011800 18
007 C011900 19
007 C012000 20
020 A000001 CHARLES SCHWAB & CO., INC.
020 B000001 94-1737782
020 C000001 15
020 A000002 GOLDMAN SACHS & CO.
020 B000002 13-5108880
020 C000002 2
020 A000003 MERRILL LYNCH, PIERCE, FENNER & SMITH, INC.
020 B000003 13-5674085
020 C000003 1
020 A000004 PAINE WEBBER, INC.
020 B000004 13-2638166
020 C000004 1
020 C000005 0
020 C000006 0
020 C000007 0
020 C000008 0
020 C000009 0
020 C000010 0
021 000000 20
022 A000001 CHARLES SCHWAB & CO., INC.
022 B000001 94-1737782
022 C000001 7773
022 D000001 825
022 A000002 GOLDMAN SACHS & CO.
022 B000002 13-5108880
022 C000002 1616
<PAGE> PAGE 3
022 D000002 0
022 A000003 MERRILL LYNCH, PIERCE, FENNER & SMITH, INC.
022 B000003 13-5674085
022 C000003 336
022 D000003 1217
022 A000004 PAINE WEBBER, INC.
022 B000004 13-2638166
022 C000004 590
022 D000004 157
022 A000005 CANTOR FITZGERALD & CO., INC.
022 B000005 95-1786286
022 C000005 137
022 D000005 142
022 A000006 BEAR STEARNS SECURITIES CORP.
022 B000006 13-3299429
022 C000006 240
022 D000006 0
022 A000007 WILLIAM BLAIR & CO.
022 B000007 36-2214610
022 C000007 90
022 D000007 51
022 A000008 MCDONALD & CO. SECURITIES, INC.
022 B000008 34-0642435
022 C000008 6
022 D000008 133
022 A000009 PRUDENTIAL SECURITIES, INC.
022 B000009 22-2347336
022 C000009 136
022 D000009 0
022 A000010 JEFFERIES & CO., INC.
022 B000010 95-2622900
022 C000010 135
022 D000010 0
023 C000000 286341
023 D000000 3498
049 00AA00 N
050 00AA00 N
051 00AA00 N
052 00AA00 N
053 A00AA00 Y
053 B00AA00 Y
053 C00AA00 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
<PAGE> PAGE 4
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
078 000000 N
071 A000100 1353
071 B000100 1212
071 C000100 5432
071 D000100 22
072 A000100 6
074 N000100 8500
074 T000100 8481
075 A000100 0
075 B000100 7723
071 A000200 5522
071 B000200 6484
071 C000200 9659
071 D000200 57
072 A000200 6
074 N000200 11564
074 T000200 11531
075 A000200 0
075 B000200 10392
071 A000300 39876
071 B000300 10809
071 C000300 29222
071 D000300 37
072 A000300 6
074 N000300 59615
074 T000300 57943
075 A000300 0
075 B000300 31954
071 A000400 7107
071 B000400 6523
071 C000400 13933
071 D000400 47
072 A000400 6
074 N000400 20193
074 T000400 19323
075 A000400 0
075 B000400 17449
071 A000500 2922
071 B000500 1936
071 C000500 1409
071 D000500 137
<PAGE> PAGE 5
072 A000500 6
074 N000500 2197
074 T000500 2182
075 A000500 0
075 B000500 1735
071 A000600 6625
071 B000600 1199
071 C000600 10967
071 D000600 11
072 A000600 6
074 N000600 16940
074 T000600 16910
075 A000600 0
075 B000600 13594
071 A000700 1880
071 B000700 647
071 C000700 1096
071 D000700 59
072 A000700 12
074 N000700 1387
074 T000700 1350
075 A000700 0
075 B000700 1093
071 A000800 4341
071 B000800 2322
071 C000800 1298
071 D000800 179
072 A000800 11
074 N000800 2667
074 T000800 2320
075 A000800 0
075 B000800 1954
071 A000900 2309
071 B000900 165
071 C000900 1117
071 D000900 15
072 A000900 9
074 N000900 3254
074 T000900 3232
075 A000900 0
075 B000900 1728
071 A001000 1644
071 B001000 1897
071 C001000 3534
071 D001000 47
072 A001000 12
074 N001000 3830
074 T001000 3806
075 A001000 0
075 B001000 3442
071 A001100 3816
<PAGE> PAGE 6
071 B001100 8852
071 C001100 14062
071 D001100 27
072 A001100 12
074 N001100 12461
074 T001100 12307
075 A001100 0
075 B001100 15535
071 A001200 3219
071 B001200 239
071 C001200 2402
071 D001200 10
072 A001200 9
074 N001200 4349
074 T001200 4274
075 A001200 0
075 B001200 3021
071 A001300 7803
071 B001300 4989
071 C001300 18162
071 D001300 28
072 A001300 8
074 N001300 20645
074 T001300 20613
075 A001300 0
075 B001300 18065
071 A001400 2026
071 B001400 432
071 C001400 851
071 D001400 51
072 A001400 6
074 N001400 2078
074 T001400 2064
075 A001400 0
075 B001400 1153
008 A001501 U.S. TRUST COMPANY OF BOSTON
008 B001501 A
008 C001501 801-EXEMPT
008 D011501 BOSTON
008 D021501 MA
008 D031501 02108
011 A001501 FIRST FUND DISTRIBUTORS, INC.
011 B001501 8-42809
011 C011501 NEW YORK
011 C021501 NY
011 C031501 10011
013 A001501 ERNST & YOUNG LLP
013 B011501 LOS ANGELES
013 B021501 CA
013 B031501 90071
028 A011500 0
<PAGE> PAGE 7
028 A021500 0
028 A031500 0
028 A041500 0
028 B011500 0
028 B021500 0
028 B031500 0
028 B041500 0
028 C011500 0
028 C021500 0
028 C031500 0
028 C041500 0
028 D011500 0
028 D021500 0
028 D031500 0
028 D041500 0
028 E011500 0
028 E021500 0
028 E031500 0
028 E041500 0
028 F011500 52687
028 F021500 0
028 F031500 0
028 F041500 297
028 G011500 52687
028 G021500 0
028 G031500 0
028 G041500 297
028 H001500 0
029 001500 N
030 A001500 0
030 B001500 0.00
030 C001500 0.00
037 001500 N
038 001500 0
039 001500 N
040 001500 N
045 001500 Y
046 001500 N
047 001500 Y
048 001500 0.750
048 A011500 0
048 A021500 0.000
048 B011500 0
048 B021500 0.000
048 C011500 0
048 C021500 0.000
048 D011500 0
048 D021500 0.000
048 E011500 0
048 E021500 0.000
048 F011500 0
<PAGE> PAGE 8
048 F021500 0.000
048 G011500 0
048 G021500 0.000
048 H011500 0
048 H021500 0.000
048 I011500 0
048 I021500 0.000
048 J011500 0
048 J021500 0.000
048 K011500 0
048 K021500 0.000
058 A001500 N
059 001500 Y
060 A001500 N
060 B001500 N
061 001500 100000
066 A001500 Y
066 B001500 N
066 C001500 N
066 D001500 N
066 E001500 Y
066 F001500 N
066 G001500 N
067 001500 N
068 A001500 N
068 B001500 N
069 001500 N
070 A011500 Y
070 A021500 Y
070 B011500 Y
070 B021500 N
070 C011500 N
070 C021500 N
070 D011500 Y
070 D021500 N
070 E011500 N
070 E021500 N
070 F011500 Y
070 F021500 N
070 G011500 Y
070 G021500 N
070 H011500 Y
070 H021500 N
070 I011500 N
070 I021500 N
070 J011500 Y
070 J021500 N
070 K011500 N
070 K021500 N
070 L011500 Y
070 L021500 N
<PAGE> PAGE 9
070 M011500 N
070 M021500 N
070 N011500 N
070 N021500 N
070 O011500 N
070 O021500 N
070 P011500 N
070 P021500 N
070 Q011500 N
070 Q021500 N
070 R011500 N
070 R021500 N
071 A001500 54248
071 B001500 2065
071 C001500 52019
071 D001500 4
072 A001500 1
072 B001500 76
072 C001500 62
072 D001500 0
072 E001500 0
072 F001500 28
072 G001500 4
072 H001500 0
072 I001500 1
072 J001500 3
072 K001500 0
072 L001500 0
072 M001500 0
072 N001500 0
072 O001500 0
072 P001500 0
072 Q001500 0
072 R001500 1
072 S001500 0
072 T001500 0
072 U001500 0
072 V001500 0
072 W001500 0
072 X001500 37
072 Y001500 0
072 Z001500 101
072AA001500 0
072BB001500 56
072CC011500 549
072CC021500 0
072DD011500 105
072DD021500 0
072EE001500 0
073 A011500 0.1480
073 A021500 0.0000
<PAGE> PAGE 10
073 B001500 0.0000
073 C001500 0.0000
074 A001500 1
074 B001500 656
074 C001500 0
074 D001500 17512
074 E001500 0
074 F001500 34508
074 G001500 0
074 H001500 0
074 I001500 0
074 J001500 28
074 K001500 0
074 L001500 315
074 M001500 0
074 N001500 53020
074 O001500 0
074 P001500 0
074 Q001500 0
074 R011500 0
074 R021500 0
074 R031500 0
074 R041500 141
074 S001500 0
074 T001500 52879
074 U011500 711
074 U021500 0
074 V011500 74.41
074 V021500 0.00
074 W001500 0.0000
074 X001500 79
074 Y001500 0
075 A001500 0
075 B001500 42991
076 001500 0.00
008 A001601 LEONETTI & ASSOCIATES, INC.
008 B001601 A
008 C001601 801-36381
008 D011601 BUFFALO GROVE
008 D021601 IL
008 D031601 60089
011 A001601 FIRST FUND DISTRIBUTORS, INC.
011 B001601 8-42809
011 C011601 NEW YORK
011 C021601 NY
011 C031601 10011
013 A001601 ERNST & YOUNG LLP
013 B011601 LOS ANGELES
013 B021601 CA
013 B031601 90071
028 A011600 0
<PAGE> PAGE 11
028 A021600 0
028 A031600 0
028 A041600 0
028 B011600 6484
028 B021600 0
028 B031600 0
028 B041600 10
028 C011600 332
028 C021600 0
028 C031600 0
028 C041600 2
028 D011600 314
028 D021600 0
028 D031600 0
028 D041600 96
028 E011600 167
028 E021600 0
028 E031600 0
028 E041600 10
028 F011600 1105
028 F021600 37
028 F031600 0
028 F041600 9
028 G011600 8402
028 G021600 37
028 G031600 0
028 G041600 127
028 H001600 0
029 001600 N
030 A001600 0
030 B001600 0.00
030 C001600 0.00
037 001600 N
038 001600 0
039 001600 N
040 001600 N
045 001600 Y
046 001600 N
047 001600 Y
048 001600 1.000
048 A011600 0
048 A021600 0.000
048 B011600 0
048 B021600 0.000
048 C011600 0
048 C021600 0.000
048 D011600 0
048 D021600 0.000
048 E011600 0
048 E021600 0.000
048 F011600 0
<PAGE> PAGE 12
048 F021600 0.000
048 G011600 0
048 G021600 0.000
048 H011600 0
048 H021600 0.000
048 I011600 0
048 I021600 0.000
048 J011600 0
048 J021600 0.000
048 K011600 0
048 K021600 0.000
058 A001600 N
059 001600 Y
060 A001600 N
060 B001600 N
061 001600 1000
066 A001600 Y
066 B001600 N
066 C001600 N
066 D001600 N
066 E001600 N
066 F001600 N
066 G001600 Y
067 001600 N
068 A001600 N
068 B001600 N
069 001600 N
070 A011600 Y
070 A021600 Y
070 B011600 N
070 B021600 N
070 C011600 N
070 C021600 N
070 D011600 N
070 D021600 N
070 E011600 N
070 E021600 N
070 F011600 N
070 F021600 N
070 G011600 N
070 G021600 N
070 H011600 N
070 H021600 N
070 I011600 N
070 I021600 N
070 J011600 N
070 J021600 N
070 K011600 N
070 K021600 N
070 L011600 N
070 L021600 N
<PAGE> PAGE 13
070 M011600 N
070 M021600 N
070 N011600 Y
070 N021600 N
070 O011600 Y
070 O021600 N
070 P011600 N
070 P021600 N
070 Q011600 N
070 Q021600 N
070 R011600 N
070 R021600 N
071 A001600 7814
071 B001600 825
071 C001600 4779
071 D001600 17
072 A001600 5
072 B001600 72
072 C001600 37
072 D001600 0
072 E001600 0
072 F001600 36
072 G001600 13
072 H001600 0
072 I001600 3
072 J001600 6
072 K001600 0
072 L001600 1
072 M001600 1
072 N001600 3
072 O001600 0
072 P001600 0
072 Q001600 0
072 R001600 7
072 S001600 1
072 T001600 0
072 U001600 2
072 V001600 0
072 W001600 1
072 X001600 74
072 Y001600 2
072 Z001600 37
072AA001600 0
072BB001600 202
072CC011600 622
072CC021600 0
072DD011600 37
072DD021600 0
072EE001600 0
073 A011600 0.0450
073 A021600 0.0000
<PAGE> PAGE 14
073 B001600 0.0000
073 C001600 0.0000
074 A001600 0
074 B001600 1253
074 C001600 0
074 D001600 2205
074 E001600 0
074 F001600 5205
074 G001600 0
074 H001600 0
074 I001600 0
074 J001600 0
074 K001600 1
074 L001600 49
074 M001600 39
074 N001600 8752
074 O001600 0
074 P001600 0
074 Q001600 0
074 R011600 0
074 R021600 0
074 R031600 0
074 R041600 21
074 S001600 0
074 T001600 8731
074 U011600 827
074 U021600 0
074 V011600 10.56
074 V021600 0.00
074 W001600 0.0000
074 X001600 187
074 Y001600 0
075 A001600 0
075 B001600 6842
076 001600 0.00
008 A001701 YEAGER, WOOD & MARSHALL, INC.
008 B001701 A
008 C001701 801-4995
008 D011701 NEW YORK
008 D021701 NY
008 D031701 10111
011 A001701 FIRST FUND DISTRIBUTORS, INC.
011 B001701 8-42809
011 C011701 NEW YORK
011 C021701 NY
011 C031701 10011
013 A001701 ERNST & YOUNG LLP
013 B011701 LOS ANGELES
013 B021701 CA
013 B031701 90071
028 A011700 0
<PAGE> PAGE 15
028 A021700 0
028 A031700 0
028 A041700 0
028 B011700 0
028 B021700 0
028 B031700 0
028 B041700 0
028 C011700 0
028 C021700 0
028 C031700 0
028 C041700 0
028 D011700 3235
028 D021700 0
028 D031700 0
028 D041700 0
028 E011700 202
028 E021700 0
028 E031700 0
028 E041700 0
028 F011700 1370
028 F021700 1
028 F031700 0
028 F041700 0
028 G011700 4807
028 G021700 1
028 G031700 0
028 G041700 0
028 H001700 0
029 001700 N
030 A001700 0
030 B001700 0.00
030 C001700 0.00
037 001700 N
038 001700 0
039 001700 N
040 001700 N
045 001700 Y
046 001700 N
047 001700 Y
048 001700 1.000
048 A011700 0
048 A021700 0.000
048 B011700 0
048 B021700 0.000
048 C011700 0
048 C021700 0.000
048 D011700 0
048 D021700 0.000
048 E011700 0
048 E021700 0.000
048 F011700 0
<PAGE> PAGE 16
048 F021700 0.000
048 G011700 0
048 G021700 0.000
048 H011700 0
048 H021700 0.000
048 I011700 0
048 I021700 0.000
048 J011700 0
048 J021700 0.000
048 K011700 0
048 K021700 0.000
058 A001700 N
059 001700 Y
060 A001700 N
060 B001700 N
061 001700 10000
066 A001700 Y
066 B001700 N
066 C001700 N
066 D001700 Y
066 E001700 N
066 F001700 N
066 G001700 N
067 001700 N
068 A001700 N
068 B001700 N
069 001700 N
070 A011700 Y
070 A021700 N
070 B011700 N
070 B021700 N
070 C011700 N
070 C021700 N
070 D011700 N
070 D021700 N
070 E011700 N
070 E021700 N
070 F011700 N
070 F021700 N
070 G011700 N
070 G021700 N
070 H011700 N
070 H021700 N
070 I011700 N
070 I021700 N
070 J011700 Y
070 J021700 N
070 K011700 N
070 K021700 N
070 L011700 Y
070 L021700 Y
<PAGE> PAGE 17
070 M011700 N
070 M021700 N
070 N011700 N
070 N021700 N
070 O011700 Y
070 O021700 N
070 P011700 N
070 P021700 N
070 Q011700 N
070 Q021700 N
070 R011700 Y
070 R021700 N
071 A001700 4787
071 B001700 0
071 C001700 2967
071 D001700 0
072 A001700 3
072 B001700 0
072 C001700 14
072 D001700 0
072 E001700 0
072 F001700 8
072 G001700 7
072 H001700 0
072 I001700 4
072 J001700 4
072 K001700 0
072 L001700 1
072 M001700 0
072 N001700 0
072 O001700 0
072 P001700 0
072 Q001700 0
072 R001700 4
072 S001700 1
072 T001700 0
072 U001700 0
072 V001700 0
072 W001700 0
072 X001700 29
072 Y001700 16
072 Z001700 1
072AA001700 0
072BB001700 0
072CC011700 210
072CC021700 0
072DD011700 1
072DD021700 0
072EE001700 0
073 A011700 0.0030
073 A021700 0.0000
<PAGE> PAGE 18
073 B001700 0.0000
073 C001700 0.0000
074 A001700 1290
074 B001700 0
074 C001700 0
074 D001700 0
074 E001700 0
074 F001700 4996
074 G001700 0
074 H001700 0
074 I001700 0
074 J001700 0
074 K001700 2
074 L001700 3
074 M001700 3
074 N001700 6294
074 O001700 1267
074 P001700 0
074 Q001700 0
074 R011700 0
074 R021700 0
074 R031700 0
074 R041700 9
074 S001700 0
074 T001700 5018
074 U011700 471
074 U021700 0
074 V011700 10.66
074 V021700 0.00
074 W001700 0.0000
074 X001700 15
074 Y001700 0
075 A001700 0
075 B001700 3335
076 001700 0.00
SIGNATURE STEVEN J. PAGGIOLI
TITLE PRESIDENT
