PROFESSIONALLY MANAGED PORTFOLIOS
NSAR-A, 1997-12-30
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<PAGE>      PAGE  1
000 A000000 10/31/97
000 C000000 0000811030
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 6268521033
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
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007 C011900 19
007 C012000 20
007 C022000 PZENA FOCUSED VALUE FUND
007 C032000 N
007 C012100 21
007 C022100 TITAN FINANCIAL SERVICES FUND
007 C032100 N
007 C012200 22
007 C012300 23
007 C012400 24
007 C012500 25
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010 A00AA01 INVESTMENT COMPANY ADMINISTRATION CORPORATION
010 C01AA01 GLENDORA
010 C02AA01 CA
010 C03AA01 91741
011 A00AA01 FIRST FUND DISTRIBUTORS, INC.
011 B00AA01 8-42809
011 C01AA01 PHOENIX
011 C02AA01 AZ
011 C03AA01 85018
018  00AA00 Y
019 A00AA00 N
019 B00AA00    0
020 A000001 SMITH BARNEY, HARRIS UPHAM & CO., INC.
020 B000001 13-1912900
020 C000001     26
020 A000002 WHEATFIRST SECURITIES, INC.
020 B000002 54-0796506
020 C000002      8
020 A000003 NEUBERGER & BERMAN
020 B000003 13-5521910
020 C000003      4
020 A000004 ROBERT THOMAS SECURITIES
020 C000004      3
020 A000005 MERRILL LYNCH, PIERCE, FENNER & SMITH, INC.
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020 C000005      2
020 A000006 SCHRODER WERTHHTEIM
020 B000006 13-2697272
020 C000006      1
020 A000007 JP MORGAN
020 B000007 13-3224016
020 C000007      1
020 A000008 FIRST BOSTON CORP.
020 B000008 13-5659485
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020 A000009 BEAR STEARNS
<PAGE>      PAGE  3
020 B000009 13-3299429
020 C000009      1
020 A000010 CANTOR FITZGERALD & CO., INC.
020 B000010 13-3680184
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<PAGE>      PAGE  8
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<PAGE>      PAGE  9
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<PAGE>      PAGE  10
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<PAGE>      PAGE  13
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SIGNATURE   ERIC M. BANHAZL                              
TITLE       TREASURER           
 


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<AVG-DEBT-PER-SHARE>                                 0
        

</TABLE>


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