PROFESSIONALLY MANAGED PORTFOLIOS
NSAR-A, 1998-03-02
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<PAGE>      PAGE  1
000 A000000 12/31/97
000 C000000 811030
000 D000000 N
000 E000000 NF
000 F000000 Y
000 G000000 N
000 H000000 N
000 I000000 2.2
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
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006  000000 N
007 A000000 Y
007 B000000  3
007 C010100  1
007 C010200  2
007 C010300  3
010 A00AA01 INVESTMENT COMPANY ADMINISTRATION CORPORATION
010 C01AA01 PHOENIX
010 C02AA01 AZ
010 C03AA01 85018
011 A00AA01 FIRST FUND DISTRIBUTORS, INC.
011 B00AA01 8-42809
011 C01AA01 NEW YORK
011 C02AA01 NY
011 C03AA01 10011
018  00AA00 Y
019 A00AA00 N
019 B00AA00    0
020 A000001 GOLDMAN, SACHS & CO.
020 B000001 13-5108880
020 C000001     11
020 A000002 MERRILL LYNCH, PIERCE FENNER & SMITH, INC.
020 B000002 13-5674085
020 C000002      9
020 A000003 CHARLES SCHWAB & CO., INC.
020 B000003 94-1737782
020 C000003      8
020 A000004 PAINE WEBBER, INC.
020 B000004 13-2638166
020 C000004      2
020 A000005 WEEDEN & CO.
020 B000005 13-3364318
<PAGE>      PAGE  2
020 C000005      2
020 A000006 COWEN & CO.
020 B000006 13-5616116
020 C000006      2
020 A000007 MORGAN STANLEY & CO., INC.
020 B000007 13-2655998
020 C000007      2
020 A000008 CANTOR FITZGERALD & CO., INC.
020 B000008 95-1786286
020 C000008      1
020 A000009 HAMBRECHT & QUIST INC.
020 B000009 94-2856935
020 C000009      1
020 A000010 JEFFERIES & CO., INC.
020 B000010 95-2622900
020 C000010      1
021  000000       43
022 A000001 GOLDMAN, SACHS & CO.
022 B000001 13-5108880
022 C000001     11271
022 D000001      2102
022 A000002 CHARLES SCHWAB & CO., INC.
022 B000002 94-1737782
022 C000002      3537
022 D000002      3002
022 A000003 PAINE WEBBER, INC.
022 B000003 13-2638166
022 C000003      3563
022 D000003      2605
022 A000004 MERRILL LYNCH, PIERCE, FENNER & SMITH INC.
022 B000004 13-5674085
022 C000004      5134
022 D000004       910
022 A000005 COWEN & CO.
022 B000005 13-5616116
022 C000005      1692
022 D000005       568
022 A000006 WEEDEN & CO.
022 B000006 13-3364318
022 C000006       799
022 D000006       888
022 A000007 CANTOR FITZGERALD & CO., INC.
022 B000007 95-1786286
022 C000007      1062
022 D000007       271
022 A000008 H.C. WAINWRIGHT & CO.
022 B000008 04-1938890
022 C000008      1100
022 D000008         0
022 A000009 LEHMAN GOVERNMENT SECURITIES CORP.
022 C000009      1037
<PAGE>      PAGE  3
022 D000009         0
022 A000010 FIDELITY CAPITAL MARKETS
022 C000010       465
022 D000010       473
023 C000000      43334
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054 L00AA00 N
054 M00AA00 N
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055 A00AA00 N
055 B00AA00 N
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<PAGE>      PAGE  4
062 F00AA00   0.0
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062 O00AA00   0.0
062 P00AA00   0.0
062 Q00AA00   0.0
062 R00AA00   0.0
077 A000000 N
080 A00AA00 ICI MUTUAL INSURANCE COMPANY
080 C00AA00     1600
081 A00AA00 N
081 B00AA00   0
082 A00AA00 N
082 B00AA00        0
083 A00AA00 N
083 B00AA00        0
084 A00AA00 N
084 B00AA00        0
085 A00AA00 Y
085 B00AA00 N
SIGNATURE   ERIC M. BANHAZL                              
TITLE       TREASURER           
 


<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000811030
<NAME> PROFESSIONALLY MANAGED PORTFOLIOS
<SERIES>
   <NUMBER> 15
   <NAME> BOSTON BALANCED FUND
<MULTIPLIER> 1
<CURRENCY> US DOLLARS
       
<S>                             <C>
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          JUN-30-1998
<PERIOD-START>                             JUL-01-1997
<PERIOD-END>                               DEC-31-1997
<EXCHANGE-RATE>                                      1
<INVESTMENTS-AT-COST>                         69399607
<INVESTMENTS-AT-VALUE>                        92598365
<RECEIVABLES>                                   487827
<ASSETS-OTHER>                                   11781
<OTHER-ITEMS-ASSETS>                              9937
<TOTAL-ASSETS>                                93107910
<PAYABLE-FOR-SECURITIES>                             0
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                       114713
<TOTAL-LIABILITIES>                             114713
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                      69171065
<SHARES-COMMON-STOCK>                           909113
<SHARES-COMMON-PRIOR>                           865240
<ACCUMULATED-NII-CURRENT>                       125415
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                         497959
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                      23198758
<NET-ASSETS>                                  92993197
<DIVIDEND-INCOME>                               484095
<INTEREST-INCOME>                               816529
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                  440969
<NET-INVESTMENT-INCOME>                         859655
<REALIZED-GAINS-CURRENT>                       1179287
<APPREC-INCREASE-CURRENT>                      7635718
<NET-CHANGE-FROM-OPS>                          9674660
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                    (1584936)
<DISTRIBUTIONS-OF-GAINS>                     (1549116)
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                          65683
<NUMBER-OF-SHARES-REDEEMED>                    (52840)
<SHARES-REINVESTED>                              31030
<NET-CHANGE-IN-ASSETS>                        10959724
<ACCUMULATED-NII-PRIOR>                         850696
<ACCUMULATED-GAINS-PRIOR>                       867788
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                           330726
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                 428277
<AVERAGE-NET-ASSETS>                          87532436
<PER-SHARE-NAV-BEGIN>                            94.81
<PER-SHARE-NII>                                   0.94
<PER-SHARE-GAIN-APPREC>                          10.07
<PER-SHARE-DIVIDEND>                            (1.79)
<PER-SHARE-DISTRIBUTIONS>                       (1.74)
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                             102.29
<EXPENSE-RATIO>                                   1.00
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        

</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000811030
<NAME> PROFESIONALLY MANAGED PORTFOLIOS
<SERIES>
   <NUMBER> 16
   <NAME> LEONETTI BALANCED FUND
<MULTIPLIER> 1
<CURRENCY> U.S. DOLLARS
       
<S>                             <C>
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          JUN-30-1998
<PERIOD-START>                             JUL-01-1997
<PERIOD-END>                               DEC-31-1997
<EXCHANGE-RATE>                                      1
<INVESTMENTS-AT-COST>                         10475355
<INVESTMENTS-AT-VALUE>                        12544572
<RECEIVABLES>                                    74441
<ASSETS-OTHER>                                   19916
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                                12638929
<PAYABLE-FOR-SECURITIES>                             0
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                       210066
<TOTAL-LIABILITIES>                             210066
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                      10317641
<SHARES-COMMON-STOCK>                          1001245
<SHARES-COMMON-PRIOR>                           916840
<ACCUMULATED-NII-CURRENT>                            0
<OVERDISTRIBUTION-NII>                          (1704)
<ACCUMULATED-NET-GAINS>                          43709
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                       2069217
<NET-ASSETS>                                  12428863
<DIVIDEND-INCOME>                                48285
<INTEREST-INCOME>                                96793
<OTHER-INCOME>                                    1246
<EXPENSES-NET>                                  123051
<NET-INVESTMENT-INCOME>                          23273
<REALIZED-GAINS-CURRENT>                        682340
<APPREC-INCREASE-CURRENT>                       405368
<NET-CHANGE-FROM-OPS>                          1110981
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                      (30060)
<DISTRIBUTIONS-OF-GAINS>                      (972962)
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                          71398
<NUMBER-OF-SHARES-REDEEMED>                    (68707)
<SHARES-REINVESTED>                              81714
<NET-CHANGE-IN-ASSETS>                         1145642
<ACCUMULATED-NII-PRIOR>                           5083
<ACCUMULATED-GAINS-PRIOR>                       334331
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                            60960
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                 123051
<AVERAGE-NET-ASSETS>                          12098496
<PER-SHARE-NAV-BEGIN>                            12.31
<PER-SHARE-NII>                                   0.08
<PER-SHARE-GAIN-APPREC>                           1.20
<PER-SHARE-DIVIDEND>                              0.09
<PER-SHARE-DISTRIBUTIONS>                         1.09
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              12.41
<EXPENSE-RATIO>                                   2.02
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        

</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000811030
<NAME> PROFESSIONALLY MANAGED PORTFOLIOS
<SERIES>
   <NUMBER> 17
   <NAME> U.S. GLOBAL LEADERS GROWTH FUND
<MULTIPLIER> 1
<CURRENCY> U.S. DOLLARS
       
<S>                             <C>
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          JUN-30-1998
<PERIOD-START>                             JUL-01-1997
<PERIOD-END>                               DEC-31-1998
<EXCHANGE-RATE>                                      1
<INVESTMENTS-AT-COST>                         33360991
<INVESTMENTS-AT-VALUE>                        44242883
<RECEIVABLES>                                   173220
<ASSETS-OTHER>                                    4386
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                                44420489
<PAYABLE-FOR-SECURITIES>                        142280
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                        57640
<TOTAL-LIABILITIES>                             199920
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                      34028782
<SHARES-COMMON-STOCK>                          2421709
<SHARES-COMMON-PRIOR>                          1648149
<ACCUMULATED-NII-CURRENT>                     (164344)
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                       (525761)
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                      10881892
<NET-ASSETS>                                  44220569
<DIVIDEND-INCOME>                               164892
<INTEREST-INCOME>                                11745
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                  280447
<NET-INVESTMENT-INCOME>                       (103810)
<REALIZED-GAINS-CURRENT>                      (411477)
<APPREC-INCREASE-CURRENT>                      4608112
<NET-CHANGE-FROM-OPS>                          4092825
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                            0
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                         790943
<NUMBER-OF-SHARES-REDEEMED>                    (17383)
<SHARES-REINVESTED>                                  0
<NET-CHANGE-IN-ASSETS>                        17368430
<ACCUMULATED-NII-PRIOR>                        (60534)
<ACCUMULATED-GAINS-PRIOR>                     (114284)
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                           189491
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                 283290
<AVERAGE-NET-ASSETS>                          37682426
<PER-SHARE-NAV-BEGIN>                            16.29
<PER-SHARE-NII>                                 (0.03)
<PER-SHARE-GAIN-APPREC>                           2.00
<PER-SHARE-DIVIDEND>                                 0
<PER-SHARE-DISTRIBUTIONS>                            0
<RETURNS-OF-CAPITAL>                                 0
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<EXPENSE-RATIO>                                   1.48
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        

</TABLE>


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