<SEC-DOCUMENT>0000894189-14-004768-index.html : 20141001
<SEC-HEADER>0000894189-14-004768.hdr.sgml : 20141001
<ACCEPTANCE-DATETIME>20141001154532
ACCESSION NUMBER:		0000894189-14-004768
CONFORMED SUBMISSION TYPE:	497K
PUBLIC DOCUMENT COUNT:		3
FILED AS OF DATE:		20141001
DATE AS OF CHANGE:		20141001
EFFECTIVENESS DATE:		20141001

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			ADVISORS SERIES TRUST
		CENTRAL INDEX KEY:			0001027596
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1031

	FILING VALUES:
		FORM TYPE:		497K
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-17391
		FILM NUMBER:		141132906

	BUSINESS ADDRESS:	
		STREET 1:		U.S BANCORP FUND SERVICES, LLC
		STREET 2:		615 E MICHIGAN STREET
		CITY:			MILWAUKEE
		STATE:			WI
		ZIP:			53202
		BUSINESS PHONE:		414-765-5340

	MAIL ADDRESS:	
		STREET 1:		615 E MICHIGAN STREET
		STREET 2:		MK-WI-LC2
		CITY:			MILWAUKEE
		STATE:			WI
		ZIP:			53202
<SERIES-AND-CLASSES-CONTRACTS-DATA>
<EXISTING-SERIES-AND-CLASSES-CONTRACTS>
<SERIES>
<OWNER-CIK>0001027596
<SERIES-ID>S000005067
<SERIES-NAME>PIA MBS Bond Fund
<CLASS-CONTRACT>
<CLASS-CONTRACT-ID>C000013852
<CLASS-CONTRACT-NAME>Managed Account Completion Shares
<CLASS-CONTRACT-TICKER-SYMBOL>PMTGX
</CLASS-CONTRACT>
</SERIES>
</EXISTING-SERIES-AND-CLASSES-CONTRACTS>
</SERIES-AND-CLASSES-CONTRACTS-DATA>
</SEC-HEADER>
<DOCUMENT>
<TYPE>497K
<SEQUENCE>1
<FILENAME>ast-piambs_497k.htm
<DESCRIPTION>SUMMARY PROSPECTUS
<TEXT>
Document 1 - file: ast-piambs_497k.htm

</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>3
<FILENAME>piambs_pc.jpg
<DESCRIPTION>PIA MBS BOND FUND PERFORMANCE CHART
<TEXT>
Document 3 - file: piambs_pc.jpg

</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>4
<FILENAME>pia_smlogo.jpg
<DESCRIPTION>CLIENT LOGO
<TEXT>
Document 4 - file: pia_smlogo.jpg

</DOCUMENT>
</SEC-DOCUMENT>