-----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, Nb3T0SzQoM5415tnqSMYYemV9sfHorgU9jIfVH4TPnoyb548+9szuMDPG9Vor3Z0 fYbQ8FngkZzVgcvEXBUaXQ== 0001000579-00-000034.txt : 20000323 0001000579-00-000034.hdr.sgml : 20000323 ACCESSION NUMBER: 0001000579-00-000034 CONFORMED SUBMISSION TYPE: NSAR-B/A PUBLIC DOCUMENT COUNT: 4 CONFORMED PERIOD OF REPORT: 19991231 FILED AS OF DATE: 20000322 FILER: COMPANY DATA: COMPANY CONFORMED NAME: AMERIPRIME FUNDS CENTRAL INDEX KEY: 0001000579 STANDARD INDUSTRIAL CLASSIFICATION: UNKNOWN SIC - 0000 [0000] IRS NUMBER: 752616671 STATE OF INCORPORATION: OH FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: NSAR-B/A SEC ACT: SEC FILE NUMBER: 811-09096 FILM NUMBER: 575173 BUSINESS ADDRESS: STREET 1: 1793 KINGSWOOD DR STREET 2: STE 200 CITY: SOUTHLAKE STATE: TX ZIP: 76092 BUSINESS PHONE: 8174311297 MAIL ADDRESS: STREET 1: 1793 KINGSWOOD DRIVE STREET 2: SUITE 200 CITY: SOUTHLAKE STATE: TX ZIP: 76092 NSAR-B/A 1 ARISTON CONVERTIBLE SECURITIES FUND PAGE 1 000 B000000 12/31/99 000 C000000 0001000579 000 D000000 N 000 E000000 NF 000 F000000 Y 000 G000000 N 000 H000000 N 000 I000000 3.0 000 J000000 A 001 A000000 AMERIPRIME FUNDS 001 B000000 811-9096 001 C000000 8172516700 002 A000000 1793 KINGSWOOD DRIVE SUITE 200 002 B000000 SOUTHLAKE 002 C000000 TX 002 D010000 76092 003 000000 Y 004 000000 N 005 000000 N 006 000000 N 007 A000000 Y 007 B000000 29 007 C010100 1 007 C010200 2 007 C010300 3 007 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 C021700 ARISTON CONVERTIBLE SECURITIES FUND 007 C031700 N 007 C011800 18 007 C011900 19 007 C012000 20 020 A000001 DU PASQUIER & CO. 020 C000001 3 020 C000002 0 020 C000003 0 020 C000004 0 020 C000005 0 020 C000006 0 PAGE 2 020 C000007 0 020 C000008 0 020 C000009 0 020 C000010 0 021 000000 3 022 A000001 FIRSTAR BANK 022 C000001 5056 022 D000001 4492 022 A000002 SALOMON SMITH BARNEY & CO. 022 C000002 2157 022 D000002 4375 022 A000003 BEAR, STERN & CO. 022 C000003 1088 022 D000003 0 022 A000004 ROBERTSON STEVENS 022 C000004 0 022 D000004 95 022 A000005 SMITH BARNEY 022 C000005 0 022 D000005 87 022 C000006 0 022 D000006 0 022 C000007 0 022 D000007 0 022 C000008 0 022 D000008 0 022 C000009 0 022 D000009 0 022 C000010 0 022 D000010 0 023 C000000 8301 023 D000000 9049 026 A000000 N 026 B000000 Y 026 C000000 N 026 D000000 Y 026 E000000 N 026 F000000 N 026 G010000 N 026 G020000 N 026 H000000 N 027 000000 Y 077 A000000 Y 077 B000000 Y 077 K000000 Y 078 000000 N 086 A010000 0 086 A020000 0 086 B010000 0 086 B020000 0 086 C010000 0 086 C020000 0 PAGE 3 086 D010000 0 086 D020000 0 086 E010000 0 086 E020000 0 086 F010000 0 086 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B011700 Y 070 B021700 N 070 C011700 N 070 C021700 N 070 D011700 Y 070 D021700 N 070 E011700 N 070 E021700 N 070 F011700 N 070 F021700 N 070 G011700 N 070 G021700 N 070 H011700 N 070 H021700 N 070 I011700 N 070 I021700 N 070 J011700 Y PAGE 7 070 J021700 N 070 K011700 Y 070 K021700 N 070 L011700 N 070 L021700 N 070 M011700 N 070 M021700 N 070 N011700 Y 070 N021700 N 070 O011700 N 070 O021700 N 070 P011700 N 070 P021700 N 070 Q011700 N 070 Q021700 N 070 R011700 Y 070 R021700 N 071 A001700 3245 071 B001700 5582 071 C001700 9100 071 D001700 33 072 A001700 12 072 B001700 93 072 C001700 58 072 D001700 0 072 E001700 0 072 F001700 183 072 G001700 0 072 H001700 0 072 I001700 4 072 J001700 1 072 K001700 0 072 L001700 1 072 M001700 2 072 N001700 5 072 O001700 0 072 P001700 0 072 Q001700 4 072 R001700 1 072 S001700 1 072 T001700 4 072 U001700 0 072 V001700 0 072 W001700 4 072 X001700 210 072 Y001700 0 072 Z001700 -59 072AA001700 2712 072BB001700 0 072CC011700 9021 072CC021700 0 PAGE 8 072DD011700 0 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TRUMPFHELLER TITLE PRESIDENT EX-99.77B 2 ACCOUNTANTS REPORT ON INTERNAL CONTROL Board of Trustees Ariston Convertible Securities Fund: In planning and performing our audit of the financial statements of Ariston Convertible Securities Fund for the year ended December 31, 1999, we considered its 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 to comply with the requirements of Form N-SAR, not to provide assurance on the internal control structure. The management of Ariston Convertible Securities Fund 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 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 may 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 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 December 31, 1999. This report is intended solely for the information and use of management and the Securities and Exchange Commission. McCurdy & Associates CPA's, Inc. Westlake, Ohio January 20, 2000 EX-16 3 CHANGE OF CERTIFYING ACCOUNTANT Exhibit 77K CHANGE IN REGISTRANT'S CERTIFYING ACCOUNTANT 1. On April 30, 1999, the Registrant acquired the assets and assumed the liabilities of Lexington Convertible Securities Fund (the "Predecessor Fund") in a tax-free reorganization. On April 26, 1999, based upon the recommendation of the Audit Committee of the Registrant's Board of Trustees, and in accordance with Section 32 of the Investment Company Act of 1940, as amended, and the rules thereunder, the Board of Trustees determined not to retain KPMG LLP ("KPMG") as the Registrant's independent accountants and voted to appoint McCurdy & Associates CPA's, Inc. ("McCurdy & Associates") as the Registrant's independent accountants for the fiscal year ended December 31, 1999. 2. During the Predecessor Fund's two most recent fiscal years ended December 31, 1998, KPMG's reports on the Predecessor Fund's financial statements contained no adverse opinions or disclaimer of opinion, nor were they qualified or modified as to uncertainty, audit scope, or accounting principles. 3. During the Predecessor Fund's two most recent fiscal years ended December 31, 1998, there were no disagreements with KPMG on any matter of accounting principles or practices, financial statement disclosure, or auditing scope or procedure, which disagreements, if not resolved to the satisfaction of KPMG, would have caused it to make reference to the subject matter of the disagreement in connection with its reports. 4. During the Predecessor Fund's two most recent fiscal years ended December 31, 1998, there have been no "reportable events" as such term is described in Items 304 (a)(1)(v) of Regulation S-K with respect to KPMG. 5. On April 26, 1999, the Registrant engaged McCurdy & Associates as its principal accountants to audit the Registrant's financial statements. During the Predecessor Fund's two most recent fiscal years through December 31, 1998, the Predecessor Fund did not consult with McCurdy & Associates on items which (i) concerned the application of accounting principles to a specified transaction, either completed or proposed, or the type of audit opinion that might be rendered on the Predecessor Fund's financial statements or (ii) concerned the subject matter of a disagreement or reportable event with KPMG. 6. The Registrant has requested KPMG to furnish it with a letter addressed to the Securities and Exchange Commission stating whether KPMG agrees with the statements contained in the second, third, and fourth paragraphs above. A copy of the letter from KPMG to the Securities and Exchange Commission is filed as Annex 1 hereto. Exhibit 77K Securities and Exchange Commission 450 5th Street, N.W. Washington, D.C. 20549 Gentlemen: We have read the statements numbered two, three, and four in the attached letter from the Ariston Convertible Securities Fund ("the Fund"), a series of the AmeriPrime Funds, which we understand will be filed with the Commission, pursuant to item 77K of Form N-SAR, as an Annex to the Fund's Form N-SAR report of the year ended December 31, 1999. We agree with the statements referenced above concerning our Firm in such Form N-SAR. Very Truly Yours, KPMG LLP EX-27 4 FDS --
6 0001000579 Ameriprime Funds 17 Ariston Convertible Securities Fund 1 U.S. Dollars 12-MOS DEC-31-1999 Jan-01-1999 DEC-31-1999 1 7018415 16039062 41023 0 0 16080085 0 0 0 120165 0 7071928 638522 676173 0 0 (132655) 0 9020647 15959920 57707 93407 0 209713 (58599) 2712344 5198325 7852070 0 0 2573485 0 192879 332616 102086 5574614 0 0 0 0 182533 0 209913 9978999 15.36 (0.11) 14.49 0 4.74 0 25 210
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