PROFESSIONALLY MANAGED PORTFOLIOS
NSAR-A, 1997-04-29
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<PAGE>      PAGE  1
000 A000000 02/28/97
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 A
001 A000000 PROFESSIONALLY MANAGED PORTFOLIOS
001 B000000 811-5037
001 C000000 8188521033
002 A000000 2025 EAST FINANCIAL WAY - SUITE 101
002 B000000 GLENDORA
002 C000000 CA
002 D010000 91741
003  000000 N
004  000000 N
005  000000 N
006  000000 N
007 A000000 Y
007 B000000 21
007 C010100  1
007 C010200  2
007 C010300  3
007 C010400  4
007 C010500  5
007 C010600  6
007 C010700  7
007 C010800  8
007 C010900  9
007 C020900 ACADEMY VALUE FUND
007 C030900 N
007 C011000 10
007 C021000 TRENT EQUITY FUND
007 C031000 N
007 C011100 11
007 C011200 12
007 C011300 13
007 C011400 14
007 C011500 15
007 C011600 16
007 C011700 17
007 C011800 18
007 C021800 LIGHTHOUSE GROWTH FUND
007 C031800 N
007 C011900 19
007 C012000 20
010 A00AA01 INVESTMENT COMPANY ADMINISTRATION CORPORATION
010 C01AA01 PHOENIX
010 C02AA01 AZ
<PAGE>      PAGE  2
010 C03AA01 85018
015 A00AA01 STAR BANK, N.A.
015 B00AA01 C
015 C01AA01 CINCINNATI
015 C02AA01 OH
015 C03AA01 45202
015 E01AA01 X
018  00AA00 Y
019 A00AA00 N
019 B00AA00    0
020 A000001 CHARLES SCHWAB & CO., INC.
020 B000001 94-1737782
020 C000001     21
020 A000002 FIRST DALLAS SECURITIES, INC.
020 C000002      4
020 A000003 BEAR STEARNS SECURITIES CORP.
020 B000003 13-3299429
020 C000003      3
020 A000004 ALEX BROWN & SONS, INC.
020 B000004 52-0256630
020 C000004      1
020 A000005 EVERGREEN SECURITIES, INC.
020 C000005      1
020 A000006 CAPITAL INSTITUTIONAL SERVIVES, INC.
020 B000006 75-1565705
020 C000006      1
020 A000007 INSTINET CORP.
020 B000007 13-3443395
020 C000007      1
020 C000008      0
020 C000009      0
020 C000010      0
021  000000       33
022 A000001 CHARLES SCHWAB & CO.,INC.
022 B000001 94-1737782
022 C000001      5771
022 D000001      1398
022 A000002 FIRST DALLAS SECURITIES, INC.
022 C000002       358
022 D000002      1827
022 A000003 BEAR STEARNS SECURITIES CORP.
022 B000003 13-3299429
022 C000003       621
022 D000003       557
022 A000004 ALEX BROWN & SONS, INC.
022 B000004 52-0256630
022 C000004       254
022 D000004       278
022 A000005 CAPITAL INSTITUTIONAL SERVICES, INC.
022 B000005 75-1565705
022 C000005       410
<PAGE>      PAGE  3
022 D000005       100
022 A000006 INSTINET CORP.
022 B000006 13-3443395
022 C000006       120
022 D000006       206
022 A000007 SOUTHCOAST CAPITAL CORP.
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022 D000007         0
022 A000008 JEFFERIES & CO., INC.
022 B000008 95-2622900
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022 D000008        73
022 A000009 J.C. BRADFORD & CO.
022 B000009 62-0136910
022 C000009         0
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022 A000010 STANDARD & POORS SECURITIES, INC.
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022 D000010         0
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<PAGE>      PAGE  4
054 J00AA00 Y
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080 A00AA00 ICI MUTUAL INSURANCE COMPANY
080 C00AA00     1600
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081 B00AA00   0
082 A00AA00 N
082 B00AA00        0
083 A00AA00 N
083 B00AA00        0
084 A00AA00 N
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085 A00AA00 Y
085 B00AA00 N
008 A000901 ACADEMY CAPITAL MANAGEMENT, INC.
008 B000901 A
008 C000901 801-27836
008 D010901 WACO
008 D020901 TX
008 D030901 76710
011 A000901 FIRST FUND DISTRIBUTORS, INC.
011 B000901 8-42809
011 C010901 PHOENIX
011 C020901 AZ
<PAGE>      PAGE  5
011 C030901 85018
012 A000901 AMERICAN DATA SERVICES, INC.
012 B000901 85-5093
012 C010901 HUNTINGTON
012 C020901 NY
012 C030901 11743
013 A000901 ERNST & YOUNG LLP
013 B010901 LOS ANGELES
013 B020901 CA
013 B030901 90071
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<PAGE>      PAGE  6
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<PAGE>      PAGE  7
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070 G020900 N
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070 I020900 N
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070 K020900 N
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070 L020900 Y
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070 O010900 N
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<PAGE>      PAGE  8
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<PAGE>      PAGE  9
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008 A001001 TRENT CAPITAL MANAGEMENT, INC.
008 B001001 A
008 C001001 801-34570
008 D011001 GREENSBORO
008 D021001 NC
008 D031001 27455
012 A001001 AMERICAN DATA SERVICES, INC.
012 B001001 85-5093
012 C011001 HUNTINGTON
012 C021001 NY
012 C031001 11743
013 A001001 TAIT, WELLER & BAKER
013 B011001 PHILADELPHIA
013 B021001 PA
013 B031001 19102
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<PAGE>      PAGE  10
030 A001000      0
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048  001000  1.150
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061  001000     5000
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066 D001000 N
066 E001000 N
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066 G001000 N
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070 A011000 Y
070 A021000 Y
<PAGE>      PAGE  11
070 B011000 Y
070 B021000 N
070 C011000 N
070 C021000 N
070 D011000 N
070 D021000 N
070 E011000 N
070 E021000 N
070 F011000 N
070 F021000 N
070 G011000 N
070 G021000 N
070 H011000 N
070 H021000 N
070 I011000 N
070 I021000 N
070 J011000 N
070 J021000 N
070 K011000 N
070 K021000 N
070 L011000 N
070 L021000 N
070 M011000 N
070 M021000 N
070 N011000 Y
070 N021000 N
070 O011000 Y
070 O021000 N
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070 P021000 N
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070 Q021000 N
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071 A001000       876
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<PAGE>      PAGE  12
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008 A001801 LIGHTHOUSE CAPITAL MANAGEMENT, INC.
008 B001801 A
008 C001801 801-32168
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008 D031801 77024
011 A001801 FIRST FUND DISTRIBUTORS, INC.
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011 C031801 85018
012 A001801 AMERICAN DATA SERVICES, INC.
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012 C031801 11743
013 A001801 ERNST & YOUNG LLP
013 B011801 LOS ANGELES
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013 B031801 90071
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<PAGE>      PAGE  14
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<PAGE>      PAGE  15
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<PAGE>      PAGE  16
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SIGNATURE   ERIC M. BANHAZL                              
TITLE       TREASURER           
 


<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000811030
<NAME> PROFESSIONALLY MANAGED PORTFOLIOS
<SERIES>
   <NUMBER> 009
   <NAME> ACADEMY VALUE FUND
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