<PAGE> PAGE 1
000 A000000 01/31/98
000 C000000 0000866841
000 D000000 N
000 E000000 NF
000 F000000 Y
000 G000000 N
000 H000000 N
000 I000000 3.0.a
000 J000000 A
001 A000000 RANSON MANAGED PORTFOLIOS
001 B000000 811-6153
001 C000000 7018525292
002 A000000 1 NORTH MAIN
002 B000000 MINOT
002 C000000 ND
002 D010000 58703
002 D020000 3189
003 000000 N
004 000000 N
005 000000 N
006 000000 N
007 A000000 Y
007 B000000 5
007 C010100 1
007 C020100 THE KANSAS MUNICIPAL FUND
007 C030100 N
007 C010200 2
007 C020200 THE KANSAS INSURED INTERMEDIATE FUND
007 C030200 N
007 C010300 3
007 C020300 THE NEBRASKA MUNICIPAL FUND
007 C030300 N
007 C010400 4
007 C020400 THE OKLAHOMA MUNICIPAL FUND
007 C030400 N
007 C010500 5
007 C020500 THE ILLINOIS MUNICIPAL FUND
007 C030500 N
007 C010600 6
007 C010700 7
007 C010800 8
007 C010900 9
007 C011000 10
008 A00AA01 RANSON CAPITAL CORPORATION
008 B00AA01 A
008 C00AA01 801-51540
008 D01AA01 MINOT
008 D02AA01 ND
008 D03AA01 58703
008 D04AA01 3189
010 A00AA01 ND RESOURCES, INC.
<PAGE> PAGE 2
010 B00AA01 84-54415
010 C01AA01 MINOT
010 C02AA01 ND
010 C03AA01 58703
011 A00AA01 RANSON CAPITAL CORPORATION
011 B00AA01 8-42561
011 C01AA01 MINOT
011 C02AA01 ND
011 C03AA01 58703
011 C04AA01 3189
012 A00AA01 ND RESOURCES, INC.
012 B00AA01 84-54415
012 C01AA01 MINOT
012 C02AA01 ND
012 C03AA01 58103
012 C04AA01 3189
013 A00AA01 BRADY, MARTZ & ASSOCIATES, P.C.
013 B01AA01 MINOT
013 B02AA01 ND
013 B03AA01 58703
014 A00AA01 RANSON CAPITAL CORPORATION
014 B00AA01 8-42561
014 A00AA02 ND CAPITAL, INC.
014 B00AA02 8-40329
015 A00AA01 FIRST WESTERN BANK & TRUST
015 B00AA01 C
015 C01AA01 MINOT
015 C02AA01 ND
015 C03AA01 58702
015 E01AA01 X
018 00AA00 Y
019 A00AA00 Y
019 B00AA00 10
019 C00AA00 INTEGRITYM
020 A000001 ND CAPITAL, INC.
020 B000001 45-0409311
020 C000001 97
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020 C000008 0
020 C000009 0
020 C000010 0
021 000000 97
022 A000001 PIPER JAFFRAY, INC.
022 B000001 41-0953326
022 C000001 7896
022 D000001 36151
<PAGE> PAGE 3
022 A000002 SMITH BARNEY HARRIS UPHAM & CO.
022 B000002 13-1912900
022 C000002 3553
022 D000002 6608
022 A000003 KIRKPATRICK, PETTIS, SMITH, PO
022 B000003 47-0301070
022 C000003 1483
022 D000003 1261
022 A000004 STERN BROTHERS
022 B000004 43-1357568
022 C000004 2695
022 D000004 0
022 A000005 GEORGE K. BAUM & COMPANY
022 B000005 43-1661917
022 C000005 1015
022 D000005 878
022 A000006 STIFEL NICOLAUS
022 B000006 43-1273600
022 C000006 1741
022 D000006 0
022 A000007 T.J. THOMPSON & ASSOCIATES
022 B000007 73-1372600
022 C000007 1703
022 D000007 0
022 A000008 LEO OPPENHEIM
022 B000008 73-1358190
022 C000008 786
022 D000008 0
022 A000009 AMERITAS
022 B000009 47-0663374
022 C000009 693
022 D000009 0
022 A000010 VONFELDT & ASSOCIATES
022 B000010 73-1460296
022 C000010 594
022 D000010 0
023 C000000 22159
023 D000000 44953
024 00AA00 N
025 D00AA01 0
025 D00AA02 0
025 D00AA03 0
025 D00AA04 0
025 D00AA05 0
025 D00AA06 0
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025 D00AA08 0
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026 D000000 Y
<PAGE> PAGE 4
026 E000000 N
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026 G010000 N
026 G020000 N
026 H000000 N
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034 00AA00 N
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036 B00AA00 0
045 00AA00 Y
046 00AA00 N
047 00AA00 Y
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048 J02AA00 0.000
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048 K02AA00 0.000
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050 00AA00 N
051 00AA00 N
052 00AA00 N
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054 A00AA00 Y
054 B00AA00 Y
054 C00AA00 Y
054 D00AA00 N
054 E00AA00 N
054 F00AA00 N
054 G00AA00 N
054 H00AA00 Y
054 I00AA00 N
<PAGE> PAGE 5
054 J00AA00 N
054 K00AA00 N
054 L00AA00 Y
054 M00AA00 Y
054 N00AA00 N
054 O00AA00 Y
055 A00AA00 N
055 B00AA00 N
056 00AA00 N
057 00AA00 N
058 A00AA00 N
059 00AA00 Y
060 A00AA00 N
060 B00AA00 N
061 00AA00 1000
066 A00AA00 N
067 00AA00 N
068 A00AA00 N
068 B00AA00 N
069 00AA00 N
070 A01AA00 Y
070 A02AA00 N
070 B01AA00 N
070 B02AA00 N
070 C01AA00 Y
070 C02AA00 N
070 D01AA00 N
070 D02AA00 N
070 E01AA00 Y
070 E02AA00 Y
070 F01AA00 N
070 F02AA00 N
070 G01AA00 Y
070 G02AA00 N
070 H01AA00 N
070 H02AA00 N
070 I01AA00 N
070 I02AA00 N
070 J01AA00 Y
070 J02AA00 N
070 K01AA00 Y
070 K02AA00 Y
070 L01AA00 N
070 L02AA00 N
070 M01AA00 N
070 M02AA00 N
070 N01AA00 N
070 N02AA00 N
070 O01AA00 Y
070 O02AA00 N
070 P01AA00 Y
<PAGE> PAGE 6
070 P02AA00 Y
070 Q01AA00 Y
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070 R01AA00 N
070 R02AA00 N
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<PAGE> PAGE 7
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064 A000100 Y
064 B000100 N
071 A000100 24576
071 B000100 31100
071 C000100 123248
071 D000100 20
<PAGE> PAGE 8
072 A000100 6
072 B000100 3700
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<PAGE> PAGE 9
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<PAGE> PAGE 10
030 C000200 0.25
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039 000200 N
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072 A000200 6
072 B000200 599
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<PAGE> PAGE 11
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<PAGE> PAGE 12
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<PAGE> PAGE 13
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<PAGE> PAGE 14
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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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<PAGE> PAGE 18
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<PAGE> PAGE 19
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<PAGE> PAGE 20
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SIGNATURE JACQUELINE L. PICKEN
TITLE CORPORATE SECRETARY
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 01
<NAME> THE KANSAS MUNICIPAL FUND
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> JUL-31-1998
<PERIOD-END> JAN-31-1998
<INVESTMENTS-AT-COST> 113,882,937
<INVESTMENTS-AT-VALUE> 121,165,358
<RECEIVABLES> 5,382,765
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 126,548,123
<PAYABLE-FOR-SECURITIES> 2,379,961
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 664,926
<TOTAL-LIABILITIES> 3,044,887
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 122,501,937
<SHARES-COMMON-STOCK> 10,071,898
<SHARES-COMMON-PRIOR> 10,321,705
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (4,280,562)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 7,282,421
<NET-ASSETS> 123,503,236
<DIVIDEND-INCOME> 23,900
<INTEREST-INCOME> 3,700,397
<OTHER-INCOME> 0
<EXPENSES-NET> (598,055)
<NET-INVESTMENT-INCOME> 3,126,242
<REALIZED-GAINS-CURRENT> (2,000,560)
<APPREC-INCREASE-CURRENT> 348,761
<NET-CHANGE-FROM-OPS> 1,474,443
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (3,126,242)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 411,367
<NUMBER-OF-SHARES-REDEEMED> 837,878
<SHARES-REINVESTED> 176,704
<NET-CHANGE-IN-ASSETS> (4,698,218)
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 314,766
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 601,596
<AVERAGE-NET-ASSETS> 125,815,637
<PER-SHARE-NAV-BEGIN> 12.42
<PER-SHARE-NII> .30
<PER-SHARE-GAIN-APPREC> (.16)
<PER-SHARE-DIVIDEND> (.30)
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 12.26
<EXPENSE-RATIO> 0.95<F1>
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
<FN>
<F1>Ratio of net expenses to average net assets, annualized.
</FN>
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 02
<NAME> THE KANSAS INSURED INTERMEDIATE FUND
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> JUL-31-1998
<PERIOD-END> JAN-31-1998
<INVESTMENTS-AT-COST> 22,289,225
<INVESTMENTS-AT-VALUE> 23,165,620
<RECEIVABLES> 428,078
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 23,593,698
<PAYABLE-FOR-SECURITIES> 851,520
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 108,505
<TOTAL-LIABILITIES> 960,025
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 22,618,068
<SHARES-COMMON-STOCK> 1,865,862
<SHARES-COMMON-PRIOR> 2,086,938
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (717,376)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 876,395
<NET-ASSETS> 22,633,673
<DIVIDEND-INCOME> 12,530
<INTEREST-INCOME> 598,920
<OTHER-INCOME> 0
<EXPENSES-NET> (99,784)
<NET-INVESTMENT-INCOME> 521,474
<REALIZED-GAINS-CURRENT> (143,415)
<APPREC-INCREASE-CURRENT> (80,524)
<NET-CHANGE-FROM-OPS> 297,535
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (521,474)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 27,202
<NUMBER-OF-SHARES-REDEEMED> 274,573
<SHARES-REINVESTED> 26,395
<NET-CHANGE-IN-ASSETS> (2,899,745)
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 58,950
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 99,784
<AVERAGE-NET-ASSETS> 23,681,951
<PER-SHARE-NAV-BEGIN> 12.23
<PER-SHARE-NII> .27
<PER-SHARE-GAIN-APPREC> (.10)
<PER-SHARE-DIVIDEND> (.27)
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 12.13
<EXPENSE-RATIO> 0.76<F1>
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
<FN>
<F1>Ratio of net expenses to average net assets, annualized.
</FN>
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 03
<NAME> THE NEBRASKA MUNICIPAL FUND
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> JUL-31-1998
<PERIOD-END> JAN-31-1998
<INVESTMENTS-AT-COST> 25,943,711
<INVESTMENTS-AT-VALUE> 27,396,531
<RECEIVABLES> 447,319
<ASSETS-OTHER> 176,754
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 28,020,604
<PAYABLE-FOR-SECURITIES> 444,113
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 131,876
<TOTAL-LIABILITIES> 575,989
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 27,540,970
<SHARES-COMMON-STOCK> 2,442,744
<SHARES-COMMON-PRIOR> 2,468,032
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (1,128,524)<F1>
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 1,452,820
<NET-ASSETS> 27,444,615
<DIVIDEND-INCOME> 8,239
<INTEREST-INCOME> 780,803
<OTHER-INCOME> 0
<EXPENSES-NET> (85,850)
<NET-INVESTMENT-INCOME> 703,192
<REALIZED-GAINS-CURRENT> (420,651)
<APPREC-INCREASE-CURRENT> 349,094
<NET-CHANGE-FROM-OPS> 631,635
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (703,192)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 135,095
<NUMBER-OF-SHARES-REDEEMED> 202,117
<SHARES-REINVESTED> 41,734
<NET-CHANGE-IN-ASSETS> (356,939)
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 69,239
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 159,069
<AVERAGE-NET-ASSETS> 27,624,519
<PER-SHARE-NAV-BEGIN> 11.26
<PER-SHARE-NII> .28
<PER-SHARE-GAIN-APPREC> (.02)
<PER-SHARE-DIVIDEND> (.28)
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 11.24
<EXPENSE-RATIO> 0.62<F2>
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
<FN>
<F1>Includes $322,399 of accumulated realized losses inherited from the Heartland
Nebraska Tax-Free Fund pursuant to the agreement and plan of reorganization.
<F2>Ratio of net expenses to average net assets, annualized.
</FN>
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 04
<NAME> THE OKLAHOMA MUNICIPAL FUND
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> JUL-31-1998
<PERIOD-END> JAN-31-1998
<INVESTMENTS-AT-COST> 11,758,922
<INVESTMENTS-AT-VALUE> 12,148,487
<RECEIVABLES> 249,145
<ASSETS-OTHER> 23,158
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 12,420,790
<PAYABLE-FOR-SECURITIES> 562,970
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 93,070
<TOTAL-LIABILITIES> 656,040
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 11,480,790
<SHARES-COMMON-STOCK> 985,987
<SHARES-COMMON-PRIOR> 555,618
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 0
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 389,565
<NET-ASSETS> 11,764,750
<DIVIDEND-INCOME> 6,232
<INTEREST-INCOME> 248,280
<OTHER-INCOME> 0
<EXPENSES-NET> (7,531)
<NET-INVESTMENT-INCOME> 246,981
<REALIZED-GAINS-CURRENT> (105,605)
<APPREC-INCREASE-CURRENT> 249,474
<NET-CHANGE-FROM-OPS> 390,850
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (246,981)
<DISTRIBUTIONS-OF-GAINS> (19,246)
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 467,920
<NUMBER-OF-SHARES-REDEEMED> 48,620
<SHARES-REINVESTED> 11,069
<NET-CHANGE-IN-ASSETS> 5,174,075
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 23,418
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 69,503
<AVERAGE-NET-ASSETS> 9,652,774
<PER-SHARE-NAV-BEGIN> 11.86
<PER-SHARE-NII> .30
<PER-SHARE-GAIN-APPREC> .09
<PER-SHARE-DIVIDEND> (.30)
<PER-SHARE-DISTRIBUTIONS> (.02)
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 11.93
<EXPENSE-RATIO> 0.16<F1>
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
<FN>
<F1>Ratio of net expenses to average net assets, annualized.
</FN>
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 05
<NAME> THE ILLINOIS MUNICIPAL FUND
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> JUL-31-1998
<PERIOD-END> JAN-31-1998
<INVESTMENTS-AT-COST> 136,022
<INVESTMENTS-AT-VALUE> 138,573
<RECEIVABLES> 2,504
<ASSETS-OTHER> 35,750
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 177,715
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 36,945
<TOTAL-LIABILITIES> 36,945
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 138,360
<SHARES-COMMON-STOCK> 11,881
<SHARES-COMMON-PRIOR> 0
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 0
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 2,551
<NET-ASSETS> 140,771
<DIVIDEND-INCOME> 62
<INTEREST-INCOME> 1,021
<OTHER-INCOME> 0
<EXPENSES-NET> 0
<NET-INVESTMENT-INCOME> 1,083
<REALIZED-GAINS-CURRENT> (141)
<APPREC-INCREASE-CURRENT> 2,551
<NET-CHANGE-FROM-OPS> 3,493
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (1,083)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 11,876
<NUMBER-OF-SHARES-REDEEMED> 0
<SHARES-REINVESTED> 5
<NET-CHANGE-IN-ASSETS> 140,770
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 110
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 8,038
<AVERAGE-NET-ASSETS> 90,463
<PER-SHARE-NAV-BEGIN> 11.49
<PER-SHARE-NII> .10
<PER-SHARE-GAIN-APPREC> .36
<PER-SHARE-DIVIDEND> (.10)
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 11.85
<EXPENSE-RATIO> 0.00<F1>
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
<FN>
<F1>Ratio of net expenses to average net assets, annualized.
</FN>
</TABLE>
