-----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, SxwUwPgxQMjfr1jmRNHSAa3UNJGFo4ema9vy5lv4OanulFm1SNac2wB0oH/Q4eam uXyIGNTUE48TVSuFlRlrZQ== 0001035449-02-000411.txt : 20021106 0001035449-02-000411.hdr.sgml : 20021106 20021106155115 ACCESSION NUMBER: 0001035449-02-000411 CONFORMED SUBMISSION TYPE: NSAR-B/A PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20020331 FILED AS OF DATE: 20021106 EFFECTIVENESS DATE: 20021106 FILER: COMPANY DATA: COMPANY CONFORMED NAME: AMERIPRIME FUNDS CENTRAL INDEX KEY: 0001000579 IRS NUMBER: 752616671 STATE OF INCORPORATION: OH FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: NSAR-B/A SEC ACT: 1940 Act SEC FILE NUMBER: 811-09096 FILM NUMBER: 02811210 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 answemar.fil REVISED MARTIN ANNUAL REPORT PAGE 1 000 B000000 03/31/2002 000 C000000 0001000579 000 D000000 N 000 E000000 NF 000 F000000 Y 000 G000000 Y 000 H000000 N 000 I000000 6.1 000 J000000 A 001 A000000 AMERIPRIME FUNDS 001 B000000 811-9096 001 C000000 8172516700 002 A000000 1793 KINGSWOOD DR SUITE 200 002 B000000 SOUTHLAKE 002 C000000 TX 002 D010000 76092 003 000000 N 004 000000 N 005 000000 N 006 000000 N 007 A000000 Y 007 B000000 14 007 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 C011800 18 007 C011900 19 007 C021900 COLUMBIA PARTNERS EQUITY FUND 007 C031900 N 007 C012000 20 007 C012100 21 007 C022100 MARTIN CAPITAL U S OPPORTUNITY FUND 007 C032100 N 007 C012200 22 007 C012300 23 007 C012400 24 007 C012500 25 PAGE 2 007 C012600 26 007 C012700 27 007 C012800 28 007 C012900 29 007 C013000 30 007 C013100 31 007 C013200 32 007 C013300 33 007 C013400 34 007 C013500 35 007 C013600 36 007 C013700 37 007 C013800 38 007 C013900 39 007 C014000 40 007 C014100 41 007 C014200 42 007 C014300 43 007 C014400 44 007 C014500 45 007 C014600 46 007 C014700 47 007 C014800 48 007 C014900 49 007 C015000 50 007 C015100 51 007 C015200 52 007 C015300 53 007 C015400 54 007 C015500 55 007 C015600 56 007 C015700 57 007 C015800 58 007 C015900 59 007 C016000 60 007 C016100 61 007 C016200 62 007 C016300 63 007 C016400 64 007 C016500 65 007 C016600 66 007 C016700 67 007 C016800 68 007 C016900 69 007 C017000 70 007 C017100 71 007 C017200 72 007 C017300 73 007 C017400 74 007 C017500 75 007 C017600 76 PAGE 3 007 C017700 77 007 C017800 78 007 C017900 79 007 C018000 80 007 C018100 81 007 C018200 82 007 C018300 83 007 C018400 84 007 C018500 85 007 C018600 86 007 C018700 87 007 C018800 88 007 C018900 89 007 C019000 90 010 A00AA01 UNIFIED FINANCIAL SERVICES, INC. 010 C01AA01 SOUTHLAKE 010 C02AA01 TX 010 C03AA01 76092 011 A00AA01 UNIFIED FINANCIAL SERVICES, INC. 011 B00AA01 8-48143 011 C01AA01 SOUTHLAKE 011 C02AA01 TX 011 C03AA01 76092 012 A00AA01 UNIFIED FUND SERVICES, INC. 012 B00AA01 84-0142 012 C01AA01 INDIANAPOLIS 012 C02AA01 IN 012 C03AA01 46204 013 A00AA01 MCCURDY & ASSOCIATES CPA'S, INC. 013 B01AA01 WESTLAKE 013 B02AA01 OH 013 B03AA01 44145 015 A00AA01 US BANK, N.A. 015 B00AA01 C 015 C01AA01 CINCINNATI 015 C02AA01 OH 015 C03AA01 45202 015 E01AA01 X 018 00AA00 Y 019 A00AA00 N 019 B00AA00 0 020 A000001 MERRIL LYNCH 020 C000001 26 020 A000002 ISTINET CORPORATION 020 C000002 10 020 A000003 BLOOMBERG TRADEBOOK 020 C000003 4 020 A000004 SCOTT & STRINGFELLOW 020 C000004 2 020 A000005 MORGAN JP 020 C000005 1 PAGE 4 020 A000006 OTA LIMITED 020 C000006 1 020 A000007 SOLOMAN SMITH BARNEY 020 C000007 1 020 A000008 FERRIS BAKER & WATTS 020 C000008 1 020 A000009 BEAR STEARNS & CO. 020 C000009 1 020 C000010 0 021 000000 47 022 A000001 STAR BANK 022 C000001 14761 022 D000001 14396 022 A000002 MERRILL LYNCH 022 C000002 3728 022 D000002 1166 022 A000003 FRIEDMAN BILLINGS 022 C000003 786 022 D000003 341 022 A000004 SOUTH COAST CAPITAL 022 C000004 765 022 D000004 240 022 A000005 LEHMAN BROTHERS 022 C000005 421 022 D000005 476 022 A000006 RAYMOND JAMES 022 C000006 389 022 D000006 211 022 A000007 BEAR STEARNS 022 C000007 0 022 D000007 519 022 A000008 MORGAN, J.P. 022 C000008 442 022 D000008 0 022 A000009 PIPER, JAFFRAY 022 C000009 282 022 D000009 0 022 A000010 JEFFERIES & CO. 022 C000010 276 022 D000010 0 023 C000000 21966 023 D000000 17876 026 A000000 Y 026 B000000 Y 026 C000000 N 026 D000000 Y 026 E000000 N 026 F000000 Y 026 G010000 N 026 G020000 N 026 H000000 N PAGE 5 027 000000 Y 034 00AA00 N 035 00AA00 0 036 B00AA00 0 042 A00AA00 0 042 B00AA00 0 042 C00AA00 0 042 D00AA00 0 042 E00AA00 0 042 F00AA00 0 042 G00AA00 0 042 H00AA00 0 043 00AA00 0 044 00AA00 0 054 A00AA00 Y 054 B00AA00 Y 054 C00AA00 Y 054 D00AA00 Y 054 E00AA00 Y 054 F00AA00 Y 054 G00AA00 Y 054 H00AA00 Y 054 I00AA00 N 054 J00AA00 Y 054 K00AA00 Y 054 L00AA00 Y 054 M00AA00 Y 054 N00AA00 Y 054 O00AA00 Y 055 A00AA00 N 055 B00AA00 N 056 00AA00 Y 057 00AA00 N 077 A000000 Y 077 B000000 Y 077 Q010000 Y 078 000000 N 080 A00AA00 RELIANCE INSURANCE COMPANY 080 C00AA00 5000 081 A00AA00 N 081 B00AA00 0 082 A00AA00 Y 082 B00AA00 100 083 A00AA00 N 083 B00AA00 0 084 A00AA00 N 084 B00AA00 0 085 A00AA00 Y 085 B00AA00 N 086 A010000 0 086 A020000 0 PAGE 6 086 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 0 075 A000100 0 075 B000100 0 076 000100 0.00 008 A001901 COLUMBIA PARTNERS, L.L.C. INVESTMENT MGMT. 008 B001901 A 008 C001901 801-50156 008 D011901 WASHINGTON 008 D021901 DC 008 D031901 20006 024 001900 N 025 D001901 0 025 D001902 0 025 D001903 0 025 D001904 0 025 D001905 0 025 D001906 0 025 D001907 0 025 D001908 0 028 A011900 11 028 A021900 0 028 A031900 0 028 A041900 63 028 B011900 42 028 B021900 0 028 B031900 0 028 B041900 212 028 C011900 31 028 C021900 0 028 C031900 0 028 C041900 197 028 D011900 677 028 D021900 0 028 D031900 0 028 D041900 4 028 E011900 84 028 E021900 0 028 E031900 0 028 E041900 130 028 F011900 278 028 F021900 0 028 F031900 0 PAGE 7 028 F041900 164 028 G011900 1123 028 G021900 0 028 G031900 0 028 G041900 770 028 H001900 0 029 001900 N 030 A001900 0 030 B001900 0.00 030 C001900 0.00 031 A001900 0 031 B001900 0 032 001900 0 033 001900 0 037 001900 N 038 001900 0 039 001900 N 040 001900 N 045 001900 Y 046 001900 N 047 001900 Y 048 001900 1.200 048 A011900 0 048 A021900 0.000 048 B011900 0 048 B021900 0.000 048 C011900 0 048 C021900 0.000 048 D011900 0 048 D021900 0.000 048 E011900 0 048 E021900 0.000 048 F011900 0 048 F021900 0.000 048 G011900 0 048 G021900 0.000 048 H011900 0 048 H021900 0.000 048 I011900 0 048 I021900 0.000 048 J011900 0 048 J021900 0.000 048 K011900 0 048 K021900 0.000 049 001900 N 050 001900 N 051 001900 N 052 001900 N 053 A001900 Y 053 B001900 Y 053 C001900 N PAGE 8 058 A001900 N 059 001900 Y 060 A001900 Y 060 B001900 Y 061 001900 5000 062 A001900 N 062 B001900 0.0 062 C001900 0.0 062 D001900 0.0 062 E001900 0.0 062 F001900 0.0 062 G001900 0.0 062 H001900 0.0 062 I001900 0.0 062 J001900 0.0 062 K001900 0.0 062 L001900 0.0 062 M001900 0.0 062 N001900 0.0 062 O001900 0.0 062 P001900 0.0 062 Q001900 0.0 062 R001900 0.0 063 A001900 0 063 B001900 0.0 066 A001900 Y 066 B001900 N 066 C001900 N 066 D001900 Y 066 E001900 N 066 F001900 N 066 G001900 N 067 001900 N 068 A001900 N 068 B001900 N 069 001900 N 070 A011900 Y 070 A021900 N 070 B011900 Y 070 B021900 N 070 C011900 Y 070 C021900 N 070 D011900 Y 070 D021900 N 070 E011900 N 070 E021900 N 070 F011900 N 070 F021900 N 070 G011900 N 070 G021900 N 070 H011900 N PAGE 9 070 H021900 N 070 I011900 N 070 I021900 N 070 J011900 N 070 J021900 N 070 K011900 Y 070 K021900 N 070 L011900 Y 070 L021900 N 070 M011900 N 070 M021900 N 070 N011900 Y 070 N021900 N 070 O011900 Y 070 O021900 N 070 P011900 N 070 P021900 N 070 Q011900 N 070 Q021900 N 070 R011900 N 070 R021900 N 071 A001900 16314 071 B001900 16617 071 C001900 15849 071 D001900 102 072 A001900 12 072 B001900 36 072 C001900 90 072 D001900 0 072 E001900 5 072 F001900 210 072 G001900 0 072 H001900 0 072 I001900 0 072 J001900 0 072 K001900 0 072 L001900 0 072 M001900 2 072 N001900 0 072 O001900 0 072 P001900 0 072 Q001900 0 072 R001900 0 072 S001900 0 072 T001900 0 072 U001900 0 072 V001900 0 072 W001900 0 072 X001900 212 072 Y001900 2 072 Z001900 -79 PAGE 10 072AA001900 0 072BB001900 2391 072CC011900 2442 072CC021900 0 072DD011900 0 072DD021900 0 072EE001900 0 073 A011900 0.0000 073 A021900 0.0000 073 B001900 0.0000 073 C001900 0.0000 074 A001900 164 074 B001900 0 074 C001900 0 074 D001900 0 074 E001900 0 074 F001900 15609 074 G001900 0 074 H001900 0 074 I001900 1894 074 J001900 235 074 K001900 0 074 L001900 10 074 M001900 0 074 N001900 17912 074 O001900 0 074 P001900 18 074 Q001900 0 074 R011900 0 074 R021900 0 074 R031900 0 074 R041900 0 074 S001900 0 074 T001900 17894 074 U011900 1905 074 U021900 0 074 V011900 9.39 074 V021900 0.00 074 W001900 0.0000 074 X001900 121 074 Y001900 0 075 A001900 0 075 B001900 17499 076 001900 0.00 025 D002001 0 025 D002002 0 025 D002003 0 025 D002004 0 025 D002005 0 025 D002006 0 025 D002007 0 PAGE 11 025 D002008 0 028 A012000 0 028 A022000 0 028 A032000 0 028 A042000 0 028 B012000 0 028 B022000 0 028 B032000 0 028 B042000 0 028 C012000 0 028 C022000 0 028 C032000 0 028 C042000 0 028 D012000 0 028 D022000 0 028 D032000 0 028 D042000 0 028 E012000 0 028 E022000 0 028 E032000 0 028 E042000 0 028 F012000 0 028 F022000 0 028 F032000 0 028 F042000 0 028 G012000 0 028 G022000 0 028 G032000 0 028 G042000 0 028 H002000 0 029 002000 N 030 A002000 0 030 B002000 0.00 030 C002000 0.00 046 002000 N 047 002000 N 048 002000 0.000 048 A012000 0 048 A022000 0.000 048 B012000 0 048 B022000 0.000 048 C012000 0 048 C022000 0.000 048 D012000 0 048 D022000 0.000 048 E012000 0 048 E022000 0.000 048 F012000 0 048 F022000 0.000 048 G012000 0 048 G022000 0.000 PAGE 12 048 H012000 0 048 H022000 0.000 048 I012000 0 048 I022000 0.000 048 J012000 0 048 J022000 0.000 048 K012000 0 048 K022000 0.000 061 002000 0 062 A002000 N 062 B002000 0.0 062 C002000 0.0 062 D002000 0.0 062 E002000 0.0 062 F002000 0.0 062 G002000 0.0 062 H002000 0.0 062 I002000 0.0 062 J002000 0.0 062 K002000 0.0 062 L002000 0.0 062 M002000 0.0 062 N002000 0.0 062 O002000 0.0 062 P002000 0.0 062 Q002000 0.0 062 R002000 0.0 072 I002000 0 072 J002000 0 072 K002000 0 072 L002000 0 072 M002000 0 072 N002000 0 072 O002000 0 072 P002000 0 072 Q002000 0 072 R002000 0 072 S002000 0 072 T002000 0 072 U002000 0 072 V002000 0 072 W002000 0 072 X002000 0 072 Y002000 0 072 Z002000 0 072AA002000 0 072BB002000 0 072CC012000 0 072CC022000 0 072DD012000 0 072DD022000 0 PAGE 13 072EE002000 0 073 A012000 0.0000 073 A022000 0.0000 073 B002000 0.0000 073 C002000 0.0000 074 A002000 0 074 B002000 0 074 C002000 0 074 D002000 0 074 E002000 0 074 F002000 0 074 G002000 0 074 H002000 0 074 I002000 0 074 J002000 0 074 K002000 0 074 L002000 0 074 M002000 0 074 N002000 0 074 O002000 0 074 P002000 0 074 Q002000 0 074 R012000 0 074 R022000 0 074 R032000 0 074 R042000 0 074 S002000 0 074 T002000 0 074 U012000 0 074 U022000 0 074 V012000 0.00 074 V022000 0.00 074 W002000 0.0000 074 X002000 0 074 Y002000 0 075 A002000 0 075 B002000 0 076 002000 0.00 008 A002101 MARTIN CAPITAL ADVISORS, L.L.P. 008 B002101 A 008 C002101 801-55669 008 D012101 AUSTIN 008 D022101 TX 008 D032101 78701 024 002100 N 025 D002101 0 025 D002102 0 025 D002103 0 025 D002104 0 025 D002105 0 025 D002106 0 PAGE 14 025 D002107 0 025 D002108 0 028 A012100 21 028 A022100 0 028 A032100 0 028 A042100 5 028 B012100 34 028 B022100 0 028 B032100 0 028 B042100 28 028 C012100 64 028 C022100 0 028 C032100 0 028 C042100 4 028 D012100 11 028 D022100 0 028 D032100 0 028 D042100 21 028 E012100 19 028 E022100 0 028 E032100 0 028 E042100 225 028 F012100 5 028 F022100 0 028 F032100 0 028 F042100 29 028 G012100 154 028 G022100 0 028 G032100 0 028 G042100 312 028 H002100 0 029 002100 N 030 A002100 0 030 B002100 0.00 030 C002100 0.00 031 A002100 0 031 B002100 0 032 002100 0 033 002100 0 037 002100 Y 038 002100 0 039 002100 N 040 002100 Y 041 002100 N 045 002100 Y 046 002100 N 047 002100 Y 048 002100 1.250 048 A012100 0 048 A022100 0.000 048 B012100 0 PAGE 15 048 B022100 0.000 048 C012100 0 048 C022100 0.000 048 D012100 0 048 D022100 0.000 048 E012100 0 048 E022100 0.000 048 F012100 0 048 F022100 0.000 048 G012100 0 048 G022100 0.000 048 H012100 0 048 H022100 0.000 048 I012100 0 048 I022100 0.000 048 J012100 0 048 J022100 0.000 048 K012100 0 048 K022100 0.000 049 002100 N 050 002100 N 051 002100 N 052 002100 N 053 A002100 Y 053 B002100 Y 053 C002100 N 058 A002100 N 059 002100 Y 060 A002100 Y 060 B002100 Y 061 002100 1000 062 A002100 N 062 B002100 0.0 062 C002100 0.0 062 D002100 0.0 062 E002100 0.0 062 F002100 0.0 062 G002100 0.0 062 H002100 0.0 062 I002100 0.0 062 J002100 0.0 062 K002100 0.0 062 L002100 0.0 062 M002100 0.0 062 N002100 0.0 062 O002100 0.0 062 P002100 0.0 062 Q002100 0.0 062 R002100 0.0 063 A002100 0 063 B002100 0.0 PAGE 16 066 A002100 Y 066 B002100 N 066 C002100 Y 066 D002100 N 066 E002100 N 066 F002100 N 066 G002100 N 067 002100 N 068 A002100 N 068 B002100 N 069 002100 N 070 A012100 Y 070 A022100 N 070 B012100 Y 070 B022100 N 070 C012100 Y 070 C022100 N 070 D012100 Y 070 D022100 Y 070 E012100 N 070 E022100 N 070 F012100 Y 070 F022100 N 070 G012100 N 070 G022100 N 070 H012100 N 070 H022100 N 070 I012100 N 070 I022100 N 070 J012100 Y 070 J022100 N 070 K012100 Y 070 K022100 Y 070 L012100 Y 070 L022100 N 070 M012100 Y 070 M022100 N 070 N012100 N 070 N022100 N 070 O012100 Y 070 O022100 N 070 P012100 N 070 P022100 N 070 Q012100 N 070 Q022100 N 070 R012100 Y 070 R022100 N 071 A002100 550 071 B002100 1251 071 C002100 3831 071 D002100 14 PAGE 17 072 A002100 12 072 B002100 2 072 C002100 11 072 D002100 0 072 E002100 0 072 F002100 44 072 G002100 0 072 H002100 0 072 I002100 0 072 J002100 21 072 K002100 0 072 L002100 0 072 M002100 2 072 N002100 0 072 O002100 0 072 P002100 0 072 Q002100 0 072 R002100 0 072 S002100 0 072 T002100 0 072 U002100 0 072 V002100 0 072 W002100 0 072 X002100 64 072 Y002100 2 072 Z002100 -52 072AA002100 0 072BB002100 352 072CC012100 0 072CC022100 646 072DD012100 0 072DD022100 0 072EE002100 0 073 A012100 0.0000 073 A022100 0.0000 073 B002100 0.0000 073 C002100 0.0000 074 A002100 0 074 B002100 0 074 C002100 60 074 D002100 0 074 E002100 0 074 F002100 3158 074 G002100 0 074 H002100 0 074 I002100 3 074 J002100 0 074 K002100 19 074 L002100 24 074 M002100 1 074 N002100 3264 PAGE 18 074 O002100 0 074 P002100 0 074 Q002100 0 074 R012100 0 074 R022100 0 074 R032100 295 074 R042100 24 074 S002100 0 074 T002100 2945 074 U012100 476 074 U022100 0 074 V012100 6.19 074 V022100 0.00 074 W002100 0.0000 074 X002100 144 074 Y002100 0 075 A002100 0 075 B002100 3505 076 002100 0.00 024 002300 N 029 002300 Y 030 A002300 1 030 B002300 3.50 030 C002300 0.00 030 A002400 0 030 B002400 0.00 030 C002400 0.00 031 A002400 0 031 B002400 0 032 002400 0 033 002400 0 048 002400 0.000 048 A012400 0 048 A022400 0.000 048 B012400 0 048 B022400 0.000 048 C012400 0 048 C022400 0.000 048 D012400 0 048 D022400 0.000 048 E012400 0 048 E022400 0.000 048 F012400 0 048 F022400 0.000 048 G012400 0 048 G022400 0.000 048 H012400 0 048 H022400 0.000 048 I012400 0 048 I022400 0.000 048 J012400 0 PAGE 19 048 J022400 0.000 048 K012400 0 048 K022400 0.000 072 Y002900 0 072 Z002900 0 072AA002900 0 072BB002900 0 072CC012900 0 072CC022900 0 072DD012900 0 072DD022900 0 072EE002900 0 073 A012900 0.0000 073 A022900 0.0000 073 B002900 0.0000 073 C002900 0.0000 072 I003100 0 072 J003100 0 072 K003100 0 072 L003100 0 072 M003100 0 072 N003100 0 072 O003100 0 072 P003100 0 072 Q003100 0 072 R003100 0 072 S003100 0 072 T003100 0 072 U003100 0 072 V003100 0 072 W003100 0 072 X003100 0 SIGNATURE KENNETH D. TRUMPFHELLER TITLE PRESIDENT EX-99.77B 3 internallet.txt MARTIN REVISE ANNUAL 0302 To the Shareholders and Trustees Martin Capital U.S. Opportunity Fund (a series of the AmeriPrime Funds) In planning and performing our audit of the financial statements of the Martin Capital U.S. Opportunity Fund (the "Fund") for the fiscal year ended March 31, 2002, we considered its 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 internal control. The management of the Fund 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 controls. 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 fraud 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 internal control would not necessarily disclose all matters in 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 the risk that misstatements caused by error or fraud 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 internal control and its operation, including controls for safeguarding securities, that we consider to be material weaknesses as defined above as of March 31, 2002. This report is intended solely for the information and use of management and the Board of Trustees of the Fund and the Securities and Exchange Commission and is not intended to be and should not be used by anyone other than these specified parties. McCurdy & Associates CPA's, Inc. Westlake, Ohio October 29, 2002 -----END PRIVACY-ENHANCED MESSAGE-----