PROFESSIONALLY MANAGED PORTFOLIOS
NSAR-A, 1998-04-27
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<PAGE>      PAGE  1
000 A000000 02/28/98
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
004  000000 N
005  000000 N
006  000000 N
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007 C010500  5
007 C010600  6
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007 C010800  8
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007 C020900 ACADEMY VALUE FUND
007 C030900 N
007 C011000 10
007 C021000 TRENT EQUITY FUND
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007 C011300 13
007 C011400 14
007 C011500 15
007 C011600 16
007 C011700 17
007 C011800 18
007 C021800 LIGHTHOUSE CONTRARIAN FUND
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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
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015 C02AA01 OH
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015 E01AA01 X
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020 B000001 94-1737782
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020 A000002 CANTOR FITZGERALD & CO., INC.
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020 A000003 ALEX BROWN & SONS, INC.
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020 A000004 S & P SECURITIES CORP.
020 C000004      2
020 A000005 FIRST DALLAS SECURITIES, INC.
020 C000005      1
020 A000006 CAPITAL INSTITUTIONAL SERVICES, INC.
020 B000006 75-1565705
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<PAGE>      PAGE  3
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022 A000006 JEFFERIES & CO., INC.
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054 E00AA00 N
054 F00AA00 N
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<PAGE>      PAGE  4
054 J00AA00 Y
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008 D030901 76710
011 A000901 FIRST FUND DISTRIBUTORS, INC.
011 B000901 8-42809
011 C010901 PHOENIX
<PAGE>      PAGE  5
011 C020901 AZ
011 C030901 85018
012 A000901 AMERICAN DATA SERVICES, INC.
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<PAGE>      PAGE  6
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<PAGE>      PAGE  7
070 A020900 Y
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070 C020900 N
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070 F020900 N
070 G010900 N
070 G020900 N
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070 I010900 N
070 I020900 N
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070 J020900 N
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070 K020900 N
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<PAGE>      PAGE  8
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<PAGE>      PAGE  9
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008 B001001 A
008 C001001 801-34570
008 D011001 GREENSBORO
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008 D031001 27455
012 A001001 AMERICAN DATA SERVICES, INC.
012 B001001 85-5093
012 C011001 HUNTINGTON
012 C021001 NY
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013 B021001 PA
013 B031001 19102
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<PAGE>      PAGE  10
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066 D001000 N
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070 A011000 Y
<PAGE>      PAGE  11
070 A021000 Y
070 B011000 Y
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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
070 P011000 Y
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070 Q011000 N
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070 R011000 N
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<PAGE>      PAGE  12
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<PAGE>      PAGE  13
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008 B001801 A
008 C001801 801-32168
008 D011801 HOUSTON
008 D021801 TX
008 D031801 77024
011 A001801 FIRST FUND DISTRIBUTORS, INC.
011 B001801 8-42809
011 C011801 PHOENIX
011 C021801 AZ
011 C031801 85018
012 A001801 AMERICAN DATA SERVICES, INC.
012 B001801 85-5093
012 C011801 HUNTINGTON
012 C021801 NY
012 C031801 11743
013 A001801 ERNST & YOUNG LLP
013 B011801 LOS ANGELES
013 B021801 CA
013 B031801 90071
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<PAGE>      PAGE  14
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<PAGE>      PAGE  15
059  001800 Y
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070 D021800 Y
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070 J021800 N
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070 P021800 N
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<PAGE>      PAGE  16
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<PAGE>      PAGE  17
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012 C010901 HUNTINGTON
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012 C030901 11743
013 A000901 ERNST & YOUNG LLP
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<PAGE>      PAGE  18
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039  000900 N
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041  000900 Y
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042 C000900 100
042 D000900   0
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<PAGE>      PAGE  19
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066 B000900 N
066 C000900 N
066 D000900 Y
066 E000900 N
066 F000900 N
066 G000900 N
067  000900 N
068 A000900 N
068 B000900 N
069  000900 N
070 A010900 Y
070 A020900 Y
070 B010900 Y
070 B020900 N
070 C010900 N
070 C020900 N
070 D010900 Y
070 D020900 N
070 E010900 N
070 E020900 N
070 F010900 Y
070 F020900 N
070 G010900 N
070 G020900 N
070 H010900 N
070 H020900 N
070 I010900 N
070 I020900 N
070 J010900 Y
070 J020900 N
070 K010900 N
070 K020900 N
070 L010900 Y
<PAGE>      PAGE  20
070 L020900 Y
070 M010900 N
070 M020900 N
070 N010900 N
070 N020900 N
070 O010900 N
070 O020900 N
070 P010900 N
070 P020900 N
070 Q010900 Y
070 Q020900 N
070 R010900 Y
070 R020900 N
071 A000900      1361
071 B000900       307
071 C000900      5895
071 D000900    5
072 A000900  6
072 B000900       18
072 C000900       52
072 D000900        0
072 E000900        0
072 F000900       33
072 G000900       15
072 H000900        0
072 I000900        5
072 J000900        3
072 K000900        0
072 L000900        2
072 M000900        2
072 N000900        7
072 O000900        0
072 P000900        0
072 Q000900        7
072 R000900        8
072 S000900        2
072 T000900        8
072 U000900        0
072 V000900        0
072 W000900        2
072 X000900       94
072 Y000900       28
072 Z000900        4
072AA000900       53
072BB000900        0
072CC010900        0
072CC020900      201
072DD010900        0
072DD020900        0
072EE000900      601
073 A010900   0.0000
<PAGE>      PAGE  21
073 A020900   0.0000
073 B000900   1.2950
073 C000900   0.0000
074 A000900        0
074 B000900      767
074 C000900        0
074 D000900        0
074 E000900        0
074 F000900     6288
074 G000900        0
074 H000900        0
074 I000900        0
074 J000900        0
074 K000900        0
074 L000900        4
074 M000900        1
074 N000900     7060
074 O000900       31
074 P000900       10
074 Q000900        0
074 R010900        0
074 R020900        0
074 R030900        0
074 R040900        4
074 S000900        0
074 T000900     7015
074 U010900      543
074 U020900        0
074 V010900    12.92
074 V020900     0.00
074 W000900   0.0000
074 X000900      189
074 Y000900        0
075 A000900        0
075 B000900     6626
076  000900     0.00
SIGNATURE   ERIC M. BANHAZL                              
TITLE       TREASURER           
 


<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000811030
<NAME> PROFESSIONALLY MANAGED PORTFOLIOS
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   <NAME> ACADEMY VALUE FUND
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<S>                             <C>
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</TABLE>

<TABLE> <S> <C>

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<CIK> 0000811030
<NAME> PROFESSIONALLY MANAGED PORTFOLIOS
<SERIES>
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   <NAME> TRENT EQUITY FUND
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<S>                             <C>
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</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000811030
<NAME> PROFESSIONALLY MANAGED PORTFOLIOS
<SERIES>
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   <NAME> LIGHTHOUSE CONTRARIAN FUND
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</TABLE>


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