-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, IggonnJWuHrYNlMcYTx5lwENcvyaa1Mv11bT3l3HQGg4HwWE45FOeTmja/vnrvMU 88ximNnCqXqWaayqSy7Jbg== 0000950131-98-001285.txt : 19980224 0000950131-98-001285.hdr.sgml : 19980224 ACCESSION NUMBER: 0000950131-98-001285 CONFORMED SUBMISSION TYPE: NSAR-B PUBLIC DOCUMENT COUNT: 5 CONFORMED PERIOD OF REPORT: 19971231 FILED AS OF DATE: 19980223 SROS: NONE FILER: COMPANY DATA: COMPANY CONFORMED NAME: OBERWEIS ASSET MANAGEMENT INC /IL/ /ADV CENTRAL INDEX KEY: 0000856912 STANDARD INDUSTRIAL CLASSIFICATION: UNKNOWN SIC - 0000 [0000] IRS NUMBER: 364106772 STATE OF INCORPORATION: IL FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: NSAR-B SEC ACT: SEC FILE NUMBER: 801-35657 FILM NUMBER: 98547336 BUSINESS ADDRESS: STREET 1: 951 ICE CREAM DR STREET 2: STE 200 CITY: NORTH AURORA STATE: IL ZIP: 60542 BUSINESS PHONE: 8003236166 MAIL ADDRESS: STREET 1: OBERWEIS ASSET MANAGEMENT INC STREET 2: 951 ICE CREAM DR STE 200 CITY: NORTH AURORA STATE: IL ZIP: 60542 FORMER COMPANY: FORMER CONFORMED NAME: OBERWEIS ASSET MANAGEMENT INC /IL/ /ADV DATE OF NAME CHANGE: 19970407 NSAR-B 1 N-SAR (3.0) PAGE 1 000 B000000 12/31/97 000 C000000 0000803020 000 D000000 N 000 E000000 NF 000 F000000 Y 000 G000000 N 000 H000000 N 000 I000000 3.0 000 J000000 A 001 A000000 THE OBERWEIS FUNDS 001 B000000 811-4854 001 C000000 8003236166 002 A000000 951 ICE CREAM DRIVE, SUITE 200 002 B000000 NORTH AURORA 002 C000000 IL 002 D010000 60542 003 000000 N 004 000000 N 005 000000 N 006 000000 N 007 A000000 Y 007 B000000 3 007 C010100 1 007 C020100 OBERWEIS EMERGING GROWTH PORTFOLIO 007 C030100 N 007 C010200 2 007 C020200 OBERWEIS MICRO-CAP PORTFOLIO 007 C030200 N 007 C010300 3 007 C020300 OBERWEIS MID-CAP PORTFOLIO 007 C030300 N 007 C010400 4 007 C010500 5 007 C010600 6 007 C010700 7 007 C010800 8 007 C010900 9 007 C011000 10 007 C011100 11 007 C011200 12 007 C011300 13 007 C011400 14 007 C011500 15 007 C011600 16 007 C011700 17 007 C011800 18 007 C011900 19 007 C012000 20 008 A00AA01 OBERWEIS ASSET MANAGEMENT, INC. 008 B00AA01 A 008 C00AA01 801-35657 PAGE 2 008 D01AA01 NORTH AURORA 008 D02AA01 IL 008 D03AA01 60542 011 A00AA01 OBERWEIS BROKERAGE, INC. 011 B00AA01 8-49679 011 C01AA01 NORTH AURORA 011 C02AA01 IL 011 C03AA01 60542 012 A00AA01 INVESTORS FIDUCIARY TRUST COMPANY 012 B00AA01 85-00535 012 C01AA01 KANSAS CITY 012 C02AA01 MO 012 C03AA01 64105 013 A00AA01 ERNST & YOUNG 013 B01AA01 CHICAGO 013 B02AA01 IL 013 B03AA01 60606 013 B04AA01 6301 014 A00AA01 OBERWEIS BROKERAGE, INC. 014 B00AA01 8-49679 015 A00AA01 INVESTORS FIDUCIARY TRUST COMPANY 015 B00AA01 C 015 C01AA01 KANSAS CITY 015 C02AA01 MO 015 C03AA01 64105 015 E01AA01 X 018 00AA00 Y 019 A00AA00 Y 019 B00AA00 3 019 C00AA00 OBERWEISFD 020 A000001 INSTINET CORPORATION 020 B000001 13-3443395 020 C000001 293 020 A000002 HAMBRECHT & QUIST LLC 020 B000002 94-2856935 020 C000002 72 020 A000003 SALOMON SMITH BARNEY, INC. 020 B000003 13-1912900 020 C000003 37 020 A000004 OBERWEIS BROKERAGE, INC. 020 B000004 36-4106772 020 C000004 25 020 A000005 WOOD & COMPANY 020 C000005 5 020 A000006 B-TRADE SERVICES LLC 020 B000006 36-3454905 020 C000006 5 020 A000007 WILLIAM O'NEIL & CO., INC. 020 B000007 36-4039857 020 C000007 3 020 A000008 JEFFERIES & COMPANY, INC. 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D01AA00 Y 070 D02AA00 Y 070 E01AA00 N 070 E02AA00 N 070 F01AA00 N 070 F02AA00 N 070 G01AA00 N 070 G02AA00 N 070 H01AA00 N 070 H02AA00 N 070 I01AA00 N 070 I02AA00 N 070 J01AA00 Y 070 J02AA00 Y 070 K01AA00 N 070 K02AA00 N 070 L01AA00 Y 070 L02AA00 Y 070 M01AA00 N 070 M02AA00 N 070 N01AA00 N 070 N02AA00 N 070 O01AA00 N 070 O02AA00 N 070 P01AA00 N 070 P02AA00 N 070 Q01AA00 N 070 Q02AA00 N 070 R01AA00 N 070 R02AA00 N 077 A000000 Y 077 B000000 Y 078 000000 N 080 A00AA00 ICI MUTUAL INSURANCE COMPANY 080 C00AA00 750 081 A00AA00 Y 081 B00AA00 3 082 A00AA00 N 082 B00AA00 0 083 A00AA00 N 083 B00AA00 0 084 A00AA00 N 084 B00AA00 0 085 A00AA00 Y 085 B00AA00 N PAGE 6 086 A010000 0 086 A020000 0 086 B010000 0 086 B020000 0 086 C010000 0 086 C020000 0 086 D010000 0 086 D020000 0 086 E010000 0 086 E020000 0 086 F010000 0 086 F020000 0 028 A010100 7255 028 A020100 0 028 A030100 0 028 A040100 20461 028 B010100 8911 028 B020100 0 028 B030100 0 028 B040100 15622 028 C010100 16186 028 C020100 0 028 C030100 0 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K010100 99999999 048 K020100 0.000 049 000100 N 050 000100 N 051 000100 N 052 000100 N 053 A000100 N 062 A000100 N 062 B000100 0.0 062 C000100 0.0 062 D000100 0.0 062 E000100 0.0 062 F000100 0.0 062 G000100 0.0 062 H000100 0.0 062 I000100 0.0 062 J000100 0.0 062 K000100 0.0 062 L000100 0.0 PAGE 8 062 M000100 0.0 062 N000100 0.0 062 O000100 0.0 062 P000100 0.0 062 Q000100 0.0 062 R000100 0.0 063 A000100 0 063 B000100 0.0 066 A000100 Y 066 B000100 Y 066 C000100 N 066 D000100 N 066 E000100 N 066 F000100 N 066 G000100 N 067 000100 N 068 A000100 N 068 B000100 N 069 000100 N 071 A000100 125675 071 B000100 163974 071 C000100 167573 071 D000100 75 072 A000100 12 072 B000100 395 072 C000100 59 072 D000100 0 072 E000100 0 072 F000100 707 072 G000100 682 072 H000100 0 072 I000100 258 072 J000100 154 072 K000100 0 072 L000100 73 072 M000100 9 072 N000100 37 072 O000100 0 072 P000100 0 072 Q000100 0 072 R000100 48 072 S000100 46 072 T000100 426 072 U000100 0 072 V000100 0 072 W000100 23 072 X000100 2463 072 Y000100 0 072 Z000100 -2009 072AA000100 22258 072BB000100 0 PAGE 9 072CC010100 0 072CC020100 32151 072DD010100 0 072DD020100 0 072EE000100 22663 073 A010100 0.0000 073 A020100 0.0000 073 B000100 4.6400 073 C000100 0.0000 074 A000100 10 074 B000100 0 074 C000100 1825 074 D000100 1545 074 E000100 0 074 F000100 137805 074 G000100 0 074 H000100 0 074 I000100 0 074 J000100 2172 074 K000100 0 074 L000100 1650 074 M000100 30 074 N000100 145037 074 O000100 0 074 P000100 128 074 Q000100 0 074 R010100 0 074 R020100 0 074 R030100 41 074 R040100 4885 074 S000100 0 074 T000100 139983 074 U010100 5444 074 U020100 0 074 V010100 25.71 074 V020100 0.00 074 W000100 0.0000 074 X000100 10312 074 Y000100 428 075 A000100 0 075 B000100 170544 076 000100 0.00 028 A010200 3109 028 A020200 0 028 A030200 0 028 A040200 2155 028 B010200 5889 028 B020200 0 028 B030200 0 028 B040200 2585 028 C010200 10160 PAGE 10 028 C020200 0 028 C030200 0 028 C040200 985 028 D010200 4242 028 D020200 0 028 D030200 0 028 D040200 6668 028 E010200 832 028 E020200 0 028 E030200 0 028 E040200 2095 028 F010200 401 028 F020200 0 028 F030200 0 028 F040200 6039 028 G010200 24631 028 G020200 0 028 G030200 0 028 G040200 20527 028 H000200 0 034 000200 N 035 000200 0 036 B000200 0 037 000200 Y 038 000200 83 039 000200 N 040 000200 Y 041 000200 Y 042 A000200 0 042 B000200 0 042 C000200 100 042 D000200 0 042 E000200 0 042 F000200 0 042 G000200 0 042 H000200 0 043 000200 95 044 000200 0 045 000200 Y 046 000200 N 047 000200 Y 048 000200 0.600 048 A010200 0 048 A020200 0.000 048 B010200 0 048 B020200 0.000 048 C010200 0 048 C020200 0.000 048 D010200 0 048 D020200 0.000 048 E010200 0 PAGE 11 048 E020200 0.000 048 F010200 0 048 F020200 0.000 048 G010200 0 048 G020200 0.000 048 H010200 0 048 H020200 0.000 048 I010200 0 048 I020200 0.000 048 J010200 0 048 J020200 0.000 048 K010200 0 048 K020200 0.000 049 000200 N 050 000200 N 051 000200 N 052 000200 N 053 A000200 N 062 A000200 N 062 B000200 0.0 062 C000200 0.0 062 D000200 0.0 062 E000200 0.0 062 F000200 0.0 062 G000200 0.0 062 H000200 0.0 062 I000200 0.0 062 J000200 0.0 062 K000200 0.0 062 L000200 0.0 062 M000200 0.0 062 N000200 0.0 062 O000200 0.0 062 P000200 0.0 062 Q000200 0.0 062 R000200 0.0 063 A000200 0 063 B000200 0.0 066 A000200 Y 066 B000200 Y 066 C000200 N 066 D000200 N 066 E000200 N 066 F000200 N 066 G000200 N 067 000200 N 068 A000200 N 068 B000200 N 069 000200 N 071 A000200 38493 071 B000200 32654 PAGE 12 071 C000200 36609 071 D000200 89 072 A000200 12 072 B000200 83 072 C000200 29 072 D000200 0 072 E000200 0 072 F000200 229 072 G000200 153 072 H000200 0 072 I000200 71 072 J000200 74 072 K000200 0 072 L000200 14 072 M000200 2 072 N000200 21 072 O000200 0 072 P000200 0 072 Q000200 0 072 R000200 10 072 S000200 8 072 T000200 95 072 U000200 12 072 V000200 0 072 W000200 4 072 X000200 693 072 Y000200 0 072 Z000200 -581 072AA000200 0 072BB000200 2556 072CC010200 4779 072CC020200 0 072DD010200 0 072DD020200 0 072EE000200 0 073 A010200 0.0000 073 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H000300 0 034 000300 N PAGE 14 035 000300 0 036 B000300 0 037 000300 Y 038 000300 10 039 000300 N 040 000300 Y 041 000300 Y 042 A000300 0 042 B000300 0 042 C000300 100 042 D000300 0 042 E000300 0 042 F000300 0 042 G000300 0 042 H000300 0 043 000300 17 044 000300 0 045 000300 Y 046 000300 N 047 000300 Y 048 000300 0.400 048 A010300 0 048 A020300 0.000 048 B010300 0 048 B020300 0.000 048 C010300 0 048 C020300 0.000 048 D010300 0 048 D020300 0.000 048 E010300 0 048 E020300 0.000 048 F010300 0 048 F020300 0.000 048 G010300 0 048 G020300 0.000 048 H010300 0 048 H020300 0.000 048 I010300 0 048 I020300 0.000 048 J010300 0 048 J020300 0.000 048 K010300 0 048 K020300 0.000 049 000300 N 050 000300 N 051 000300 N 052 000300 N 053 A000300 Y 053 B000300 Y 062 A000300 N 062 B000300 0.0 PAGE 15 062 C000300 0.0 062 D000300 0.0 062 E000300 0.0 062 F000300 0.0 062 G000300 0.0 062 H000300 0.0 062 I000300 0.0 062 J000300 0.0 062 K000300 0.0 062 L000300 0.0 062 M000300 0.0 062 N000300 0.0 062 O000300 0.0 062 P000300 0.0 062 Q000300 0.0 062 R000300 0.0 063 A000300 0 063 B000300 0.0 066 A000300 Y 066 B000300 Y 066 C000300 N 066 D000300 N 066 E000300 N 066 F000300 N 066 G000300 N 067 000300 N 068 A000300 N 068 B000300 N 069 000300 N 071 A000300 6957 071 B000300 8376 071 C000300 6588 071 D000300 106 072 A000300 12 072 B000300 5 072 C000300 8 072 D000300 0 072 E000300 0 072 F000300 27 072 G000300 27 072 H000300 0 072 I000300 32 072 J000300 33 072 K000300 0 072 L000300 4 072 M000300 1 072 N000300 8 072 O000300 0 072 P000300 0 072 Q000300 0 072 R000300 2 PAGE 16 072 S000300 1 072 T000300 17 072 U000300 11 072 V000300 0 072 W000300 1 072 X000300 164 072 Y000300 31 072 Z000300 -120 072AA000300 49 072BB000300 0 072CC010300 347 072CC020300 0 072DD010300 0 072DD020300 0 072EE000300 211 073 A010300 0.0000 073 A020300 0.0000 073 B000300 0.3450 073 C000300 0.0000 074 A000300 0 074 B000300 41 074 C000300 0 074 D000300 0 074 E000300 0 074 F000300 6164 074 G000300 0 074 H000300 0 074 I000300 0 074 J000300 58 074 K000300 0 074 L000300 71 074 M000300 48 074 N000300 6382 074 O000300 0 074 P000300 5 074 Q000300 0 074 R010300 0 074 R020300 0 074 R030300 0 074 R040300 30 074 S000300 0 074 T000300 6347 074 U010300 604 074 U020300 0 074 V010300 10.51 074 V020300 0.00 074 W000300 0.0000 074 X000300 743 074 Y000300 0 075 A000300 0 075 B000300 6647 PAGE 17 076 000300 0.00 SIGNATURE STEVE LEMIRE TITLE SECRETARY EX-27.1 2
6 THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM DECEMBER 31, 1997 ANNUAL REPORT AND IS QULAIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS. 1 OBERWEIS EMERGING GROWTH PORTFOLIO 1,000 12-MOS DEC-31-1997 JAN-01-1997 DEC-31-1997 116,208 141,175 3,830 32 0 145,037 0 0 5,054 5,054 0 110,249 5,444 5,796 0 0 4,767 0 24,967 139,983 59 395 0 2,463 (2,009) 22,258 (32,151) (11,902) 0 0 (22,663) 0 4,781 (5,732) 746 (45,612) 0 13,266 0 0 707 0 2,463 170,544 32.86 (.37) (2.14) 0 (4.64) 0 25.71 1.44 0 0

EX-27.2 3
6 THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM DECEMBER 31, 1997 ANNUAL REPORT AND IS QULAIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS. 2 OBERWEIS MICRO-CAP PORTFOLIO 1,000 12-MOS DEC-31-1997 JAN-01-1997 DEC-31-1997 32,944 38,162 1,314 49 0 39,525 0 0 2,688 2,688 0 35,578 2,710 2,506 0 0 (3,959) 0 5,218 36,837 29 83 0 693 (581) (2,556) 4,779 1,642 0 0 0 0 2,700 (2,492) 0 6,104 0 (1,403) 0 0 229 0 693 38,192 12.28 (.21) 1.52 0 0 0 13.59 1.81 0 0

EX-27.3 4
6 THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM DECEMBER 31, 1997 ANNUAL REPORT AND IS QULAIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS. 3 OBERWEIS MID-CAP PORTFOLIO 1,000 12-MOS DEC-31-1997 JAN-01-1997 DEC-31-1997 5,623 6,205 129 48 0 6,382 0 0 35 35 0 5,990 604 608 0 0 (225) 0 582 6,347 8 5 0 133 (120) 49 347 276 0 0 (211) 0 264 (388) 18 (948) 0 (63) 0 0 27 0 164 6,647 10.29 (.19) .76 0 (.35) 0 10.51 2.00 0 0

EX-99 5 Report of Internal Control The Board of Trustees The Oberweis Funds In planning and performing our audit of the financial statements of each of The Oberweis Funds, consisting of the Oberweis Emerging Growth Portfolio, the Oberweis Micro-Cap Portfolio, and the Oberweis Mid-Cap Portfolio, for the year ended December 31, 1997, we considered their internal control, including control activities for safeguarding securities, in order to determine our auditing procedures for the purpose of expressing our opinion on the financial statements and to comply with the requirements of Form N-SAR, not to provide assurance on the internal control. The management of The Oberweis Funds is responsible for establishing and maintaining internal control. In fulfilling this responsibility, estimates and judgments by management are required to assess the expected benefits and related costs of control. Generally, controls that are relevant to an audit pertain to the entity's objective of preparing financial statements for external purposes that are fairly presented in conformity with generally accepted accounting principles. Those controls include the safeguarding of assets against unauthorized acquisition, use or disposition. Because of inherent limitations in internal control, errors or irregularities may occur and not be detected. Also, projection of any evaluation of internal control 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 would not necessarily disclose all matters in the internal control 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 one or more of the internal control components does not reduce to a relatively low level of risk that errors or irregularities in amounts that would be material in relation to the financial statements 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 and its operation, including controls for safeguarding securities, that we consider to be material weaknesses as defined above as of December 31, 1997. This report is intended solely for the information and use of the board of trustees and management of The Oberweis Funds and the Securities and Exchange Commission. ERNST & YOUNG LLP Chicago, Illinois January 26, 1998 ~~-----END PRIVACY-ENHANCED MESSAGE-----~~