<SEC-DOCUMENT>0000898531-14-000474-index.html : 20141208
<SEC-HEADER>0000898531-14-000474.hdr.sgml : 20141208
<ACCEPTANCE-DATETIME>20141208155825
ACCESSION NUMBER:		0000898531-14-000474
CONFORMED SUBMISSION TYPE:	N-CSR
PUBLIC DOCUMENT COUNT:		11
CONFORMED PERIOD OF REPORT:	20140930
FILED AS OF DATE:		20141208
DATE AS OF CHANGE:		20141208
EFFECTIVENESS DATE:		20141208

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:		N-CSR
		SEC ACT:		1940 Act
		SEC FILE NUMBER:	811-07959
		FILM NUMBER:		141272558

	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>S000038872
<SERIES-NAME>Shenkman Short Duration High Income Fund
<CLASS-CONTRACT>
<CLASS-CONTRACT-ID>C000119634
<CLASS-CONTRACT-NAME>Class A
<CLASS-CONTRACT-TICKER-SYMBOL>SCFAX
</CLASS-CONTRACT>
<CLASS-CONTRACT>
<CLASS-CONTRACT-ID>C000119635
<CLASS-CONTRACT-NAME>Class C
<CLASS-CONTRACT-TICKER-SYMBOL>SCFCX
</CLASS-CONTRACT>
<CLASS-CONTRACT>
<CLASS-CONTRACT-ID>C000119636
<CLASS-CONTRACT-NAME>Institutional Class
<CLASS-CONTRACT-TICKER-SYMBOL>SCFIX
</CLASS-CONTRACT>
<CLASS-CONTRACT>
<CLASS-CONTRACT-ID>C000126960
<CLASS-CONTRACT-NAME>Class F
<CLASS-CONTRACT-TICKER-SYMBOL>SCFFX
</CLASS-CONTRACT>
</SERIES>
</EXISTING-SERIES-AND-CLASSES-CONTRACTS>
</SERIES-AND-CLASSES-CONTRACTS-DATA>
</SEC-HEADER>
<DOCUMENT>
<TYPE>N-CSR
<SEQUENCE>1
<FILENAME>ssdhif-ncsra.htm
<DESCRIPTION>SHENKMAN SHORT DURATION HIGH INCOME FUND 9-30-14
<TEXT>
Document 1 - file: ssdhif-ncsra.htm

</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.CODE ETH
<SEQUENCE>2
<FILENAME>ssdhif-ex99codeeth.htm
<DESCRIPTION>CODE OF ETHICS
<TEXT>
Document 2 - file: ssdhif-ex99codeeth.htm

</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.CERT
<SEQUENCE>3
<FILENAME>ssdhif-ex99cert302.htm
<DESCRIPTION>CERTIFICATION 302
<TEXT>
Document 3 - file: ssdhif-ex99cert302.htm

</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.906 CERT
<SEQUENCE>4
<FILENAME>ssdhif-ex99cert906.htm
<DESCRIPTION>CERTIFICATION 906
<TEXT>
Document 4 - file: ssdhif-ex99cert906.htm

</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>5
<FILENAME>shenkmanfunds-logo.jpg
<DESCRIPTION>SHENKMAN FUNDS LOGO
<TEXT>
Document 5 - file: shenkmanfunds-logo.jpg

</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>6
<FILENAME>turtle.jpg
<DESCRIPTION>TURTLE GRAPHIC
<TEXT>
Document 6 - file: turtle.jpg

</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>7
<FILENAME>ssdhif-classalinechart.jpg
<DESCRIPTION>SHENKMAN SHORT DURATION HIGH INCOME FUND CLASS A LINE CHART
<TEXT>
Document 7 - file: ssdhif-classalinechart.jpg

</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>8
<FILENAME>ssdhif-classclinechart.jpg
<DESCRIPTION>SHENKMAN SHORT DURATION HIGH INCOME FUND CLASS C LINE CHART
<TEXT>
Document 8 - file: ssdhif-classclinechart.jpg

</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>9
<FILENAME>ssdhif-classflinechart.jpg
<DESCRIPTION>SHENKMAN SHORT DURATION HIGH INCOME FUND CLASS F LINE CHART
<TEXT>
Document 9 - file: ssdhif-classflinechart.jpg

</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>10
<FILENAME>ssdhif-instclasslinechart.jpg
<DESCRIPTION>SHENKMAN SHORT DURATION HIGH INCOME FUND INSTITUTIONAL CLASS LINE CHART
<TEXT>
Document 10 - file: ssdhif-instclasslinechart.jpg

</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>11
<FILENAME>ssdhif-piechart.jpg
<DESCRIPTION>SHENKMAN SHORT DURATION HIGH INCOME FUND PIE CHART
<TEXT>
Document 11 - file: ssdhif-piechart.jpg

</DOCUMENT>
</SEC-DOCUMENT>