UNITED STATES
					SECURITIES AND EXCHANGE COMMISSION
					Washington, D.C. 20549
							OMB APP0ROVAL
					FORM 24F-2
					Annual Notice of Securities Sold		OMB Number :		3235-2456
					Pursuant to Rule 24f-2		Expires:		August 31, 2003
							Estimated average burden hours per response..................................1
				Read instructions at end of Form before preparing Form. Please print or type.
1.		Name and address of issuer:
					Advisors Series Trust
					615 E. Michigan Street, 2nd Floor
					Milwaukee, WI 53202
2.		The name of each series or class of securities for which this Form is filed
		(If the Form is being filed for all series and classes of securites of the issuer,
		check the box but do not list series or classes):						o
					McCarthy Fund
3.		Investment Company Act File Number:
					811-07959
		Securities Act File Number:
					333-17391
4(a).	Last day of fiscal year for which this Form is filed:
					June 30, 2004
4(b).	o		Check box if this Form is being filed late (i.e., more than 90 calendar days after the end of the
			issuer's fiscal year). (See Instruction A.2)
Note: If the Form is being filed late, interest must be paid on the registration fee due.
4(c).	o		Check box if this is the last time the issuer will be filing this Form.
5.	Calculation of registration fee:
	(i)		Aggregate sale price of securities sold during the
			fiscal year pursuant to section 24(f):					$	2,454,171
	(ii)		Aggregate price of securities redeemed or
			repurchased during the fiscal year:			$	2,674,937
	(iii)		Aggregate price of securities redeemed or
			repurchased during any prior fiscal year ending no
			earlier than October 11, 1995 that were not
			previously used to reduce registration fees payable
			to the Commission:			$	0
	(iv)		Total available redemption credits [add Items 5(ii) and 5(iii)]:					$	2,674,937
	(v)		Net sales - if Item 5(i) is greater than Item 5(iv)
			[subtract Item 5(iv) from Item 5(i)]:					$	0
	(vi)	Redemption credits available for use in future years				$	(220,766	)
		- if Item 5(i) is less than Item 5(iv) [subtract Item
		5(iv) from Item 5(i)]:
	(vii)	Multiplier for determining registration fee (See
		Instruction C.9):						X	0.01267%
	(viii)	Registration fee due [multiply Item 5(v) by Item
		5(vii)] (enter "0" if no fee is due):					=	$	0.00
6.	Prepaid Shares
	If the response to item 5(i) was determined by deducting an amount of securities that were registered under the
	Securities Act of 1933 pursuant to rule 24e-2 as in effect before October 11, 1997, then
	report the amount of securities (number of shares or other units) deducted here : _________ . If there is a
	number of shares or other units that were registered pursuant to rule 24e-2 remaining unsold at the end of the fiscal
	year for which this form is filed that are available for use by the issuer in future fiscal years, then state that number
	here : __________.
7.	Interest due - if this Form is being filed more than 90 days after the end of the issuer's fiscal year
	(see Instruction D):
								+$	0
8.	Total of the amount of the registration fee due plus any interest due [line 5(viii) plus line 7]:
								=$	0.00
9.	Date the registration fee and any interest payment was sent to the Commission's lockbox depository:						NOT APPLICABLE
		Method of Delivery:
		o		Wire Transfer (CIK 0000052761)
		o		Mail or other means
					SIGNATURES
	This report has been signed below by the following persons on behalf of the issuer and in the capacities
	and on the dates indicated.
	By (Signature and Title)*				/s/ Doug Hess
					Doug Hess, Treasurer
	Date		9/28/2004
					* Please print the name and title of the signing officer below the signature.