PROFESSIONALLY MANAGED PORTFOLIOS
485BPOS, EX-99.B.10, 2000-10-25
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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. 107 under
the Securities  Act of 1933 and Amendment No. 109 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 US Global  Leaders  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


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