ERNST & YOUNG LLP
725 South Figueroa Street
Los Angeles, CA 90017-5418
214-977-3299
CONSENT OF ERNST & YOUNG LLP, INDEPENDENT AUDITORS
We consent to the reference to our firm under the captions "Financial
Highlights" and "General Information" in Post-Effective Amendment No. 108 under
the Securities Act of 1933 and Amendment No. 110 under the Investment Company
Act of 1940 to the Registration Statement (Form N-1A, No. 33-12213) and related
Prospectus and Statement of Additional Information of Professionally Managed
Portfolios and to the incorporation by reference therein of our report dated
July 31, 2000, with respect to the financial statements and financial highlights
of Leonetti Balanced Fund and Leonetti Growth Fund, included in the Annual
Report for the year ended June 30, 2000, filed with the Securities and Exchange
Commission.
/s/ Ernst & Young LLP
Los Angeles, California
October 18, 2000
