PROFESSIONALLY MANAGED PORTFOLIOS
NSAR-A/A, 1998-05-13
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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 Y
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 2020 EAST FINANCIAL WAY - SUITE 100
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 17
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 CONTRARIAN FUND
007 C031800 N
007 C011900 19
007 C012000 20
010 A00AA01 INVESTMENT COMPANY ADMINISTRATION CORPORATION
010 C01AA01 GLENDORA
010 C02AA01 CA
<PAGE>      PAGE  2
010 C03AA01 91741
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     31
020 A000002 CANTOR FITZGERALD & CO., INC.
020 B000002 95-1786286
020 C000002      5
020 A000003 ALEX BROWN & SONS, INC.
020 B000003 52-0256630
020 C000003      2
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
020 C000006      1
020 A000007 PETRIE PARKMAN INC.
020 C000007      1
020 A000008 EVEREN SECURITIES, INC.
020 C000008      1
020 A000009 SOUTHCOAST CAPITAL CORP.
020 C000009      1
020 C000010      0
021  000000       45
022 A000001 CONTOR FITZGERALD & CO., INC.
022 B000001 95-1786286
022 C000001       278
022 D000001       307
022 A000002 DONALDSON LUFKIN & JENRETTE SECURITIES CORP.
022 B000002 13-2741729
022 C000002       486
022 D000002         0
022 A000003 ALEX BROWN & SONS, INC.
022 B000003 52-0256630
022 C000003       329
022 D000003         0
022 A000004 JEFFRIES & CO., INC.
022 B000004 95-2622900
022 C000004        44
022 D000004       366
022 A000005 RODMAN AND RENSHAW
<PAGE>      PAGE  3
022 B000005 13-2741729
022 C000005       146
022 D000005         0
022 C000006         0
022 D000006         0
022 C000007         0
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023 D000000        673
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026 G020000 N
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036 B00AA00      0
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050  00AA00 N
051  00AA00 N
052  00AA00 N
053 A00AA00 Y
053 B00AA00 Y
053 C00AA00 N
054 A00AA00 Y
054 B00AA00 Y
054 C00AA00 Y
054 D00AA00 N
054 E00AA00 N
054 F00AA00 N
054 G00AA00 Y
054 H00AA00 Y
054 I00AA00 N
054 J00AA00 Y
054 K00AA00 N
054 L00AA00 N
054 M00AA00 N
054 N00AA00 N
054 O00AA00 N
<PAGE>      PAGE  4
055 A00AA00 N
055 B00AA00 N
056  00AA00 Y
057  00AA00 N
062 A00AA00 N
062 B00AA00   0.0
062 C00AA00   0.0
062 D00AA00   0.0
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062 Q00AA00   0.0
062 R00AA00   0.0
077 A000000 N
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080 A00AA00 ICI MUTUAL INSURANCE COMPANY
080 C00AA00     1600
081 A00AA00 Y
081 B00AA00  17
082 A00AA00 N
082 B00AA00        0
083 A00AA00 N
083 B00AA00        0
084 A00AA00 N
084 B00AA00        0
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
011 C030901 85018
012 A000901 AMERICAN DATA SERVICES, INC.
012 B000901 84-1964
012 C010901 HAUPPAUGE
012 C020901 NY
<PAGE>      PAGE  5
012 C030901 11788
013 A000901 ERNST & YOUNG LLP
013 B010901 LOS ANGELES
013 B020901 CA
013 B030901 90071
028 A010900       135
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042 D000900   0
042 E000900   0
042 F000900   0
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<PAGE>      PAGE  6
043  000900      8
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070 A020900 Y
070 B010900 Y
070 B020900 N
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070 C020900 N
070 D010900 Y
<PAGE>      PAGE  7
070 D020900 N
070 E010900 N
070 E020900 N
070 F010900 Y
070 F020900 N
070 G010900 N
070 G020900 N
070 H010900 Y
070 H020900 N
070 I010900 N
070 I020900 N
070 J010900 Y
070 J020900 N
070 K010900 Y
070 K020900 N
070 L010900 Y
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
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071 C000900      6626
071 D000900    5
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072 N000900        7
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072 P000900        0
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072 R000900        8
<PAGE>      PAGE  8
072 S000900        2
072 T000900        8
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072 V000900        0
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074 F000900     6288
074 G000900        0
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074 J000900        0
074 K000900        0
074 L000900        4
074 M000900        1
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074 O000900       31
074 P000900       10
074 Q000900        0
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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      190
074 Y000900        0
075 A000900        0
075 B000900     6626
<PAGE>      PAGE  9
076  000900     0.00
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 84-1964
012 C011001 HAUPPAUGE
012 C021001 NY
012 C031001 11788
013 A001001 TAIT, WELLER & BAKER
013 B011001 PHILADELPHIA
013 B021001 PA
013 B031001 19102
028 A011000         4
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028 B021000         0
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028 C011000         1
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028 D011000        12
028 D021000         0
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028 D041000        47
028 E011000         6
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028 E031000         0
028 E041000        10
028 F011000        55
028 F021000         0
028 F031000         0
028 F041000        77
028 G011000        94
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028 G031000         0
028 G041000       134
028 H001000         0
029  001000 N
030 A001000      0
030 B001000  0.00
030 C001000  0.00
037  001000 N
038  001000      0
<PAGE>      PAGE  10
039  001000 N
040  001000 N
045  001000 Y
046  001000 N
047  001000 Y
048  001000  1.150
048 A011000        0
048 A021000 0.000
048 B011000        0
048 B021000 0.000
048 C011000        0
048 C021000 0.000
048 D011000        0
048 D021000 0.000
048 E011000        0
048 E021000 0.000
048 F011000        0
048 F021000 0.000
048 G011000        0
048 G021000 0.000
048 H011000        0
048 H021000 0.000
048 I011000        0
048 I021000 0.000
048 J011000        0
048 J021000 0.000
048 K011000        0
048 K021000 0.000
058 A001000 N
059  001000 Y
060 A001000 Y
060 B001000 Y
061  001000     1000
066 A001000 Y
066 B001000 N
066 C001000 Y
066 D001000 N
066 E001000 N
066 F001000 N
066 G001000 N
067  001000 N
068 A001000 N
068 B001000 N
069  001000 N
070 A011000 Y
070 A021000 Y
070 B011000 Y
070 B021000 N
070 C011000 N
070 C021000 N
070 D011000 N
<PAGE>      PAGE  11
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 Y
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
070 P021000 N
070 Q011000 N
070 Q021000 N
070 R011000 N
070 R021000 N
071 A001000       708
071 B001000       846
071 C001000      3572
071 D001000   20
072 A001000  6
072 B001000        0
072 C001000       15
072 D001000        0
072 E001000        0
072 F001000       20
072 G001000        3
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072 I001000        7
072 J001000        2
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072 N001000        2
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072 P001000        0
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072 R001000        6
<PAGE>      PAGE  12
072 S001000        2
072 T001000        0
072 U001000        0
072 V001000        0
072 W001000        2
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<PAGE>      PAGE  13
076  001000     0.00
008 A001801 LIGHTHOUSE CAPITAL MANAGEMENT, INC.
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 84-1964
012 C011801 HAUPPAUGE
012 C021801 NY
012 C031801 11788
013 A001801 ERNST & YOUNG LLP
013 B011801 LOS ANGELES
013 B021801 CA
013 B031801 90071
028 A011800      1024
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029  001800 N
<PAGE>      PAGE  14
030 A001800      0
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<PAGE>      PAGE  15
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<PAGE>      PAGE  16
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<PAGE>      PAGE  17
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SIGNATURE   ERIC M. BANHAZL                              
TITLE       TREASURER           
 


<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000811030
<NAME> PROFESSIONALLY MANAGED PORTFOLIOS
<SERIES>
   <NUMBER> 9
   <NAME> ACADEMY VALUE FUND
<MULTIPLIER> 1
<CURRENCY> US DOLLARS
       
<S>                             <C>
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<TABLE> <S> <C>

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