INDEPENDENT AUDITOR'S REPORT


To The Shareholders and
Board of Trustees
Westcott Technology Fund (formerly Westcott Nothing But Net Fund)
(a series of the AmeriPrime Funds)

We have audited the accompanying statement of assets and liabilities of the
Westcott Technology Fund, including the schedule of portfolio investments, as of
September 30, 2001, and the related statement of operations for the two years in
the period then ended, changes in net assets for each of the two years in the
period then ended, and the financial highlights for the year and for the period
from December 9, 1999 (commencement of operations) to September 30, 2000 in the
period then ended. These financial statements and financial highlights are the
responsibility of the Fund's management. Our responsibility is to express an
opinion on these financial statements and financial highlights based on our
audits.

We conducted our audit in accordance with auditing standards generally accepted
in the United States of America. Those standards require that we plan and
perform the audit to obtain reasonable assurance about whether the financial
statements and financial highlights are free of material misstatement. An audit
includes examining, on a test basis, evidence supporting the amounts and
disclosures in the financial statements. Our procedures included confirmation of
investments and cash held as of September 30, 2001 by correspondence with the
custodian. An audit also includes assessing the accounting principles used and
significant estimates made by management, as well as evaluating the overall
financial statement presentation. We believe that our audit provide a reasonable
basis for our opinion.

In our opinion, the financial statements and financial highlights referred to
above present fairly, in all material respects, the financial position of the
Westcott Technology Fund as of September 30, 2001, the results of its operations
for the year then ended, the changes in its net assets for each of the two years
in the period then ended, and the financial highlights for the year and the
period from December 9, 1999 (commencement of operations) to September 30, 2000,
in the period then ended, in conformity with accounting principles generally
accepted in the United States of America.




McCurdy & Associates CPA's, Inc.
Westlake, Ohio
October 18, 2001