<PAGE> PAGE 1
000 B000000 10/31/97
000 C000000 884381
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 THE GLENMEDE PORTFOLIOS
001 B000000 811-6578
001 C000000 4108953714
002 A000000 ONE SOUTH STREET
002 B000000 BALTIMORE
002 C000000 MD
002 D010000 21202
003 000000 N
004 000000 N
005 000000 N
006 000000 N
007 A000000 Y
007 B000000 2
007 C010100 1
007 C020100 MUNI INTERMEDIATE PORTFOLIO
007 C030100 N
007 C010200 2
007 C020200 NEW JERSEY MUNI PORTFOLIO
007 C030200 N
007 C010300 3
007 C010400 4
007 C010500 5
007 C010600 6
007 C010700 7
007 C010800 8
007 C010900 9
007 C011000 10
008 A00AA01 THE GLENMEDE TRUST COMPANY
008 B00AA01 A
008 C00AA01 801-000000
008 D01AA01 PHILADELPHIA
008 D02AA01 PA
008 D03AA01 19103
008 D04AA01 6194
010 A00AA01 INVESTMENT COMPANY CAPITAL CORP.
010 C01AA01 BALTIMORE
010 C02AA01 MD
010 C03AA01 21202
011 A00AA01 ICC DISTRIBUTORS, INC.
011 B00AA01 8-48427
011 C01AA01 BALTIMORE
011 C02AA01 MD
<PAGE> PAGE 2
011 C03AA01 21202
012 A00AA01 INVESTMENT COMPANY CAPITAL CORP.
012 B00AA01 84-5477
012 C01AA01 BALTIMORE
012 C02AA01 MD
012 C03AA01 21202
013 A00AA01 COOPERS & LYBRAND L.L.P.
013 B01AA01 PHILADELPHIA
013 B02AA01 PA
013 B03AA01 19103
015 A00AA01 THE CHASE MANHATTAN BANK, N.A.
015 B00AA01 C
015 C01AA01 BROOKLYN
015 C02AA01 NY
015 C03AA01 11245
015 E01AA01 X
018 00AA00 Y
019 A00AA00 Y
019 B00AA00 12
019 C00AA00 GLENMEDEFU
020 C000001 0
020 C000002 0
020 C000003 0
020 C000004 0
020 C000005 0
020 C000006 0
020 C000007 0
020 C000008 0
020 C000009 0
020 C000010 0
021 000000 0
022 A000001 WHEAT FIRST BUTCHER SINGER, INC.
022 B000001 54-0796506
022 C000001 5883
022 D000001 1626
022 A000002 LEHMAN BROTHERS INC.
022 B000002 13-2518466
022 C000002 1396
022 D000002 1073
022 A000003 MCGOWAN (J.P.) & CO., INC.
022 B000003 23-2226375
022 C000003 1083
022 D000003 868
022 A000004 DOLPHIN & BRADBURY INCORPORATED
022 B000004 23-2405746
022 C000004 500
022 D000004 100
022 A000005 PARKER/HUNTER INCORPORATED
022 B000005 25-1200102
022 C000005 358
022 D000005 0
<PAGE> PAGE 3
022 A000006 COMMERCE CAPITAL
022 B000006 N/A
022 C000006 221
022 D000006 125
022 A000007 WILLIAMS (A. H.) & CO., INC.
022 B000007 23-2177819
022 C000007 310
022 D000007 0
022 A000008 RUTHERFORD, BROWN & CATHERWOOD, INC.
022 B000008 23-2182950
022 C000008 0
022 D000008 300
022 A000009 FIRST ALBANY CORPORATION
022 B000009 14-1391446
022 C000009 266
022 D000009 0
022 A000010 EDWARDS (A. G.) & SONS, INC.
022 B000010 43-0895447
022 C000010 248
022 D000010 0
023 C000000 10814
023 D000000 5699
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<PAGE> PAGE 4
036 B00AA00 0
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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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<PAGE> PAGE 5
054 E00AA00 N
054 F00AA00 N
054 G00AA00 N
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054 I00AA00 N
054 J00AA00 Y
054 K00AA00 N
054 L00AA00 Y
054 M00AA00 Y
054 N00AA00 N
054 O00AA00 N
055 A00AA00 N
055 B00AA00 N
056 00AA00 Y
057 00AA00 N
058 A00AA00 N
059 00AA00 Y
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080 A00AA00 CHUBB INSURANCE COMPANY
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<PAGE> PAGE 6
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<PAGE> PAGE 7
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<PAGE> PAGE 8
070 R020100 N
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<PAGE> PAGE 9
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<PAGE> PAGE 10
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<PAGE> PAGE 11
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<PAGE> PAGE 12
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SIGNATURE JOSEPH A. FINELLI
TITLE TREASURER
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000884381
<NAME> THE GLENMEDE PORTFOLIOS
<SERIES>
<NUMBER> 1
<NAME> MUNICIPAL INTERMEDIATE PORTFOLIO
<S> <C>
<PERIOD-TYPE> YEAR
<FISCAL-YEAR-END> OCT-31-1997
<PERIOD-END> OCT-31-1997
<INVESTMENTS-AT-COST> 18,367,408
<INVESTMENTS-AT-VALUE> 18,887,657
<RECEIVABLES> 320,712
<ASSETS-OTHER> 18,547
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 19,226,916
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 7,727
<TOTAL-LIABILITIES> 7,727
<SENIOR-EQUITY> 0
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<SHARES-COMMON-STOCK> 1,848,113
<SHARES-COMMON-PRIOR> 1,799,502
<ACCUMULATED-NII-CURRENT> 80,499
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (815,944)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 520,249
<NET-ASSETS> 19,219,189
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 1,023,618
<OTHER-INCOME> 0
<EXPENSES-NET> 64,668
<NET-INVESTMENT-INCOME> 958,950
<REALIZED-GAINS-CURRENT> (42,723)
<APPREC-INCREASE-CURRENT> 295,021
<NET-CHANGE-FROM-OPS> 1,211,248
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 961,378
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 440,883
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<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> 748,129
<ACCUMULATED-NII-PRIOR> 82,927
<ACCUMULATED-GAINS-PRIOR> (773,221)
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
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<GROSS-EXPENSE> 64,668
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<PER-SHARE-NAV-BEGIN> 10.26
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<PER-SHARE-NAV-END> 10.40
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<CIK> 0000884381
<NAME> THE GLENMEDE PORTFOLIOS
<SERIES>
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<DISTRIBUTIONS-OF-GAINS> 0
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<SHARES-REINVESTED> 0
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<ACCUMULATED-GAINS-PRIOR> (107,777)
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<PER-SHARE-NII> 0.44
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</TABLE>
REPORT OF INDEPENDENT ACCOUNTANTS
To the Board of Trustees of
The Glenmede Portfolios:
In planning and performing our audit of the financial statements and financial
highlights of the Muni Intermediate Portfolio and New Jersey Muni Portfolio of
the Glenmede Portfolios (the "Portfolios") for the year ended October 31, 1997,
we considered the internal control structure, including procedures for
safeguarding securities, in order to determine our auditing procedures for the
purpose of expressing our opinion on the financial statements and financial
highlights and to comply with the requirements of Form N-SAR, not to provide
assurance on the internal control structure.
The management of the Portfolios is responsible for establishing and maintaining
an internal control structure. In fulfilling this responsibility, estimates and
judgments by management are required to assess the expected benefits and related
costs of internal control structure policies and procedures. Two of the
objectives of an internal control structure are to provide management with
reasonable, but not absolute, assurance that assets are safeguarded against loss
from unauthorized use or disposition and that transactions are executed in
accordance with management's authorization and recorded properly to permit
preparation of financial statements in conformity with generally accepted
accounting principles.
Because of inherent limitations in any internal control structure, errors or
irregularities may occur and not be detected. Also, projection of any evaluation
of the structure to future periods is subject to the risk that it may become
inadequate because of changes in conditions or that the effectiveness of the
design and operation may deteriorate.
Our consideration of the internal control structure would not necessarily
disclose all matters in the internal control structure that might be material
weaknesses under standards established by the American Institute of Certified
Public Accountants. A material weakness is a condition in which the design or
operation of the specific internal control structure elements does not reduce to
a relatively low level the risk that errors or irregularities in amounts that
would be material in relation to the financial statements and financial
highlights being audited may occur and not be detected within a timely period by
employees in the normal course of performing their assigned functions. However,
we noted no matters involving the internal control structure, including
procedures for safeguarding securities, that we consider to be material
weaknesses, as defined above, as of October 31, 1997.
This report is intended solely for the information and use of management and the
Board of Trustees of the Muni Intermediate Portfolio and New Jersey Muni
Portfolio of the Glenmede Portfolios and the Securities and Exchange Commission.
COOPERS & LYBRAND L.L.P.
2400 Eleven Penn Center
Philadelphia, Pennsylvania
December 5, 1997
