-----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, PNx9I9sbabMwbA95GQa4ULlLKkr0Fkp9PRAMIVn+o1nEjZq6vr+sbDVL9hrrqzJs /78HQLpEsoF9Obup6owizg== 0001035449-03-000294.txt : 20030827 0001035449-03-000294.hdr.sgml : 20030827 20030827162025 ACCESSION NUMBER: 0001035449-03-000294 CONFORMED SUBMISSION TYPE: NSAR-B PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20030630 FILED AS OF DATE: 20030827 EFFECTIVENESS DATE: 20030827 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 SEC ACT: 1940 Act SEC FILE NUMBER: 811-09096 FILM NUMBER: 03868808 BUSINESS ADDRESS: STREET 1: 431 NORTH PENNSYLVANIA STREET 2: STREET CITY: INDIANAPOLIS STATE: IN ZIP: 46204 BUSINESS PHONE: 317-917-7000 MAIL ADDRESS: STREET 1: 431 NORTH PENNSYLVANIA STREET 2: STREET CITY: INDIANAPOLIS STATE: IN ZIP: 46204 NSAR-B 1 ampann0603answer.fil AMERIPRIME FUNDS PAGE 1 000 B000000 06/30/2003 000 C000000 0001000579 000 D000000 N 000 E000000 NF 000 F000000 Y 000 G000000 N 000 H000000 N 000 I000000 6.1 000 J000000 U 001 A000000 AMERIPRIME FUNDS 001 B000000 811-09096 001 C000000 3179177000 002 A000000 431 NORTH PENNSYLVANIA STREET 002 B000000 INDIANAPOLIS 002 C000000 IN 002 D010000 46204 003 000000 N 004 000000 N 005 000000 N 006 000000 N 007 A000000 Y 007 B000000 6 007 C010100 1 007 C010200 2 007 C010300 3 007 C010400 4 007 C010500 5 007 C020500 IMS CAPITAL VALUE FUND 007 C030500 N 007 C010600 6 007 C010700 7 007 C010800 8 007 C010900 9 007 C011000 10 007 C011100 11 007 C011200 12 007 C021200 JUMPER STRATEGIC ADVANTAGE FUND 007 C031200 Y 007 C011300 13 007 C011400 14 007 C011500 15 007 C011600 16 007 C011700 17 007 C011800 18 007 C011900 19 007 C012000 20 007 C012100 21 007 C012200 22 007 C012300 23 007 C012400 24 007 C022400 AUXIER FOCUS FUND PAGE 2 007 C032400 Y 007 C012500 25 007 C012600 26 007 C012700 27 007 C012800 28 007 C022800 IMS STRATEGIC ALLOCATION FUND 007 C032800 N 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 PAGE 3 007 C017300 73 007 C017400 74 007 C017500 75 007 C017600 76 007 C017700 77 007 C017800 78 007 C017900 79 007 C018000 80 010 A00AA01 UNIFIED FUND SERVICES, INC. 010 B00AA01 84-00142 010 C01AA01 INDIANAPOLIS 010 C02AA01 IN 010 C03AA01 46204 011 A00AA01 UNIFIED FINANCIAL SECURITIES, INC. 011 B00AA01 8-23508 011 C01AA01 INDIANAPOLIS 011 C02AA01 IN 011 C03AA01 46204 012 A00AA01 UNIFIED FUND SERVICES, INC. 012 B00AA01 84-00142 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 014 A00AA01 UNIFIED FINANCIAL SECURITIES, INC. 014 B00AA01 8-23508 018 00AA00 Y 019 A00AA00 N 019 B00AA00 0 020 A000001 ELLIOTT-LEDGERWOOD 020 C000001 50 020 A000002 ALEX BROWN & SONS 020 C000002 24 020 A000003 YAMNER 020 C000003 9 020 A000004 FOX, PITT, KELTON 020 C000004 5 020 A000005 CIS SECURITIES 020 C000005 3 020 A000006 DAVIDSON, DA & CO 020 C000006 3 020 A000007 METROPOLITAN 020 C000007 2 020 A000008 MITCHELL SECURITIES 020 C000008 1 020 A000009 TRADITION ASIEL SECURITIES 020 C000009 1 020 C000010 0 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J000500 Y 054 K000500 Y 054 L000500 Y 054 M000500 Y 054 N000500 Y 054 O000500 N 055 A000500 N 055 B000500 N 056 000500 Y 057 000500 N 058 A000500 N 059 000500 Y 060 A000500 Y 060 B000500 Y PAGE 8 061 000500 5000 062 A000500 N 062 B000500 0.0 062 C000500 0.0 062 D000500 0.0 062 E000500 0.0 062 F000500 0.0 062 G000500 0.0 062 H000500 0.0 062 I000500 0.0 062 J000500 0.0 062 K000500 0.0 062 L000500 0.0 062 M000500 0.0 062 N000500 0.0 062 O000500 0.0 062 P000500 0.0 062 Q000500 0.0 062 R000500 0.0 063 A000500 0 063 B000500 0.0 066 A000500 Y 066 B000500 N 066 C000500 N 066 D000500 Y 066 E000500 N 066 F000500 N 066 G000500 N 067 000500 N 068 A000500 N 068 B000500 N 069 000500 N 070 A010500 Y 070 A020500 N 070 B010500 Y 070 B020500 Y 070 C010500 N 070 C020500 N 070 D010500 Y 070 D020500 N 070 E010500 N 070 E020500 N 070 F010500 N 070 F020500 N 070 G010500 N 070 G020500 N 070 H010500 N 070 H020500 N 070 I010500 N 070 I020500 N 070 J010500 Y PAGE 9 070 J020500 N 070 K010500 Y 070 K020500 Y 070 L010500 Y 070 L020500 N 070 M010500 N 070 M020500 N 070 N010500 Y 070 N020500 N 070 O010500 Y 070 O020500 N 070 P010500 N 070 P020500 N 070 Q010500 N 070 Q020500 N 070 R010500 N 070 R020500 N 071 A000500 16718 071 B000500 8698 071 C000500 17773 071 D000500 45 072 A000500 12 072 B000500 63 072 C000500 167 072 D000500 0 072 E000500 0 072 F000500 229 072 G000500 25 072 H000500 0 072 I000500 23 072 J000500 8 072 K000500 0 072 L000500 1 072 M000500 4 072 N000500 9 072 O000500 0 072 P000500 0 072 Q000500 26 072 R000500 7 072 S000500 27 072 T000500 0 072 U000500 0 072 V000500 0 072 W000500 15 072 X000500 374 072 Y000500 83 072 Z000500 -61 072AA000500 84 072BB000500 0 072CC010500 4174 072CC020500 0 PAGE 10 072DD010500 39 072DD020500 0 072EE000500 0 073 A010500 0.0272 073 A020500 0.0000 073 B000500 0.0000 073 C000500 0.0220 074 A000500 0 074 B000500 0 074 C000500 0 074 D000500 0 074 E000500 0 074 F000500 28668 074 G000500 0 074 H000500 0 074 I000500 2837 074 J000500 0 074 K000500 3 074 L000500 59 074 M000500 0 074 N000500 31567 074 O000500 0 074 P000500 0 074 Q000500 0 074 R010500 0 074 R020500 0 074 R030500 144 074 R040500 18 074 S000500 0 074 T000500 31405 074 U010500 2235 074 U020500 0 074 V010500 14.05 074 V020500 0.00 074 W000500 0.0000 074 X000500 428 074 Y000500 0 075 A000500 0 075 B000500 18212 076 000500 0.00 080 A000500 GULF INSURANCE COMPANY 080 C000500 750 081 A000500 N 081 B000500 0 082 A000500 Y 082 B000500 5 083 A000500 N 083 B000500 0 084 A000500 N 084 B000500 0 085 A000500 N PAGE 11 085 B000500 N 008 A001201 THE JUMPER GROUP, INC. 008 B001201 A 008 C001201 801-45453 008 D011201 CHATTANOOGA 008 D021201 TN 008 D031201 37402 015 A001201 US BANK 015 B001201 C 015 C011201 CINCINNATI 015 C021201 OH 015 C031201 45202 015 E011201 X 024 001200 N 028 A011200 0 028 A021200 24 028 A031200 0 028 A041200 203 028 B011200 4 028 B021200 14 028 B031200 0 028 B041200 25 028 C011200 0 028 C021200 0 028 C031200 0 028 C041200 728 028 D011200 0 028 D021200 0 028 D031200 0 028 D041200 4887 028 E011200 0 028 E021200 0 028 E031200 0 028 E041200 0 028 F011200 0 028 F021200 0 028 F031200 0 028 F041200 0 028 G011200 4 028 G021200 38 028 G031200 0 028 G041200 5843 028 H001200 0 029 001200 N 030 A001200 0 030 B001200 0.00 030 C001200 0.00 031 A001200 0 031 B001200 0 032 001200 0 033 001200 0 PAGE 12 034 001200 N 035 001200 0 036 B001200 0 037 001200 N 038 001200 0 039 001200 N 040 001200 Y 041 001200 Y 042 A001200 0 042 B001200 0 042 C001200 100 042 D001200 0 042 E001200 0 042 F001200 0 042 G001200 0 042 H001200 0 043 001200 0 044 001200 0 045 001200 Y 046 001200 N 047 001200 Y 048 001200 0.750 048 A011200 0 048 A021200 0.000 048 B011200 0 048 B021200 0.000 048 C011200 0 048 C021200 0.000 048 D011200 0 048 D021200 0.000 048 E011200 0 048 E021200 0.000 048 F011200 0 048 F021200 0.000 048 G011200 0 048 G021200 0.000 048 H011200 0 048 H021200 0.000 048 I011200 0 048 I021200 0.000 048 J011200 0 048 J021200 0.000 048 K011200 0 048 K021200 0.000 054 A001200 Y 054 B001200 Y 054 C001200 Y 054 D001200 Y 054 E001200 Y 054 F001200 Y 054 G001200 Y PAGE 13 054 H001200 Y 054 I001200 N 054 J001200 Y 054 K001200 Y 054 L001200 Y 054 M001200 Y 054 N001200 Y 054 O001200 N 055 A001200 N 055 B001200 N 056 001200 Y 057 001200 N 058 A001200 N 059 001200 Y 060 A001200 Y 060 B001200 N 061 001200 5000 062 A001200 Y 062 B001200 0.0 062 C001200 0.0 062 D001200 0.0 062 E001200 0.0 062 F001200 0.0 062 G001200 0.0 062 H001200 0.0 062 I001200 0.0 062 J001200 0.0 062 K001200 0.0 062 L001200 0.0 062 M001200 0.0 062 N001200 0.0 062 O001200 0.0 062 P001200 0.0 062 Q001200 0.0 062 R001200 0.0 063 A001200 0 063 B001200 0.0 066 A001200 N 067 001200 N 068 A001200 N 068 B001200 N 069 001200 N 070 A011200 Y 070 A021200 N 070 B011200 N 070 B021200 N 070 C011200 N 070 C021200 N 070 D011200 N 070 D021200 N 070 E011200 N PAGE 14 070 E021200 N 070 F011200 N 070 F021200 N 070 G011200 N 070 G021200 N 070 H011200 N 070 H021200 N 070 I011200 Y 070 I021200 N 070 J011200 Y 070 J021200 N 070 K011200 Y 070 K021200 N 070 L011200 N 070 L021200 N 070 M011200 N 070 M021200 N 070 N011200 Y 070 N021200 N 070 O011200 Y 070 O021200 N 070 P011200 N 070 P021200 N 070 Q011200 N 070 Q021200 N 070 R011200 N 070 R021200 N 071 A001200 0 071 B001200 0 071 C001200 0 071 D001200 0 072 A001200 12 072 B001200 0 072 C001200 0 072 D001200 0 072 E001200 0 072 F001200 0 072 G001200 0 072 H001200 0 072 I001200 0 072 J001200 0 072 K001200 0 072 L001200 0 072 M001200 0 072 N001200 0 072 O001200 0 072 P001200 0 072 Q001200 0 072 R001200 0 072 S001200 0 072 T001200 0 PAGE 15 072 U001200 0 072 V001200 0 072 W001200 0 072 X001200 0 072 Y001200 0 072 Z001200 0 072AA001200 0 072BB001200 0 072CC011200 0 072CC021200 0 072DD011200 0 072DD021200 0 072EE001200 0 073 A011200 0.0000 073 A021200 0.0000 073 B001200 0.0000 073 C001200 0.0000 074 A001200 0 074 B001200 0 074 C001200 0 074 D001200 0 074 E001200 0 074 F001200 0 074 G001200 0 074 H001200 0 074 I001200 0 074 J001200 0 074 K001200 0 074 L001200 0 074 M001200 0 074 N001200 0 074 O001200 0 074 P001200 0 074 Q001200 0 074 R011200 0 074 R021200 0 074 R031200 0 074 R041200 0 074 S001200 0 074 T001200 0 074 U011200 0 074 U021200 0 074 V011200 0.00 074 V021200 0.00 074 W001200 0.0000 074 X001200 0 074 Y001200 0 075 A001200 0 075 B001200 0 076 001200 0.00 080 A001200 GULF INSURANCE COMPANY PAGE 16 080 C001200 750 081 A001200 N 081 B001200 0 082 A001200 Y 082 B001200 5 083 A001200 N 083 B001200 0 084 A001200 N 084 B001200 0 085 A001200 N 085 B001200 N 008 A002401 AUXIER ASSET MANAGEMENT, LLC 008 B002401 A 008 C002401 801-55757 008 D012401 LAKE OSWEGO 008 D022401 OR 008 D032401 97035 015 A002401 HUNTINGTON NATIONAL BANK 015 B002401 C 015 C012401 COLUMBUS 015 C022401 OH 015 C032401 43219 015 E012401 X 024 002400 N 028 A012400 0 028 A022400 0 028 A032400 0 028 A042400 0 028 B012400 0 028 B022400 0 028 B032400 0 028 B042400 0 028 C012400 0 028 C022400 0 028 C032400 0 028 C042400 0 028 D012400 0 028 D022400 0 028 D032400 0 028 D042400 0 028 E012400 0 028 E022400 0 028 E032400 0 028 E042400 0 028 F012400 0 028 F022400 0 028 F032400 0 028 F042400 0 028 G012400 0 028 G022400 0 028 G032400 0 PAGE 17 028 G042400 0 028 H002400 0 029 002400 N 030 A002400 0 030 B002400 0.00 030 C002400 0.00 031 A002400 0 031 B002400 0 032 002400 0 033 002400 0 034 002400 N 035 002400 0 036 B002400 0 037 002400 N 038 002400 0 039 002400 N 040 002400 N 042 A002400 0 042 B002400 0 042 C002400 0 042 D002400 0 042 E002400 0 042 F002400 0 042 G002400 0 042 H002400 0 043 002400 0 044 002400 0 045 002400 Y 046 002400 N 047 002400 Y 048 002400 1.350 048 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 0 048 J022400 0.000 PAGE 18 048 K012400 0 048 K022400 0.000 054 A002400 Y 054 B002400 Y 054 C002400 Y 054 D002400 Y 054 E002400 Y 054 F002400 Y 054 G002400 Y 054 H002400 Y 054 I002400 Y 054 J002400 Y 054 K002400 Y 054 L002400 Y 054 M002400 Y 054 N002400 Y 054 O002400 Y 055 A002400 N 055 B002400 N 056 002400 N 057 002400 N 058 A002400 N 059 002400 Y 060 A002400 Y 060 B002400 Y 061 002400 2000 062 A002400 N 062 B002400 0.0 062 C002400 0.0 062 D002400 0.0 062 E002400 0.0 062 F002400 0.0 062 G002400 0.0 062 H002400 0.0 062 I002400 0.0 062 J002400 0.0 062 K002400 0.0 062 L002400 0.0 062 M002400 0.0 062 N002400 0.0 062 O002400 0.0 062 P002400 0.0 062 Q002400 0.0 062 R002400 0.0 063 A002400 0 063 B002400 0.0 066 A002400 Y 066 B002400 N 066 C002400 Y 066 D002400 N 066 E002400 N PAGE 19 066 F002400 N 066 G002400 N 067 002400 N 068 A002400 N 068 B002400 N 069 002400 N 070 A012400 Y 070 A022400 N 070 B012400 N 070 B022400 N 070 C012400 N 070 C022400 N 070 D012400 N 070 D022400 N 070 E012400 N 070 E022400 N 070 F012400 N 070 F022400 N 070 G012400 N 070 G022400 N 070 H012400 N 070 H022400 N 070 I012400 N 070 I022400 N 070 J012400 Y 070 J022400 N 070 K012400 Y 070 K022400 Y 070 L012400 Y 070 L022400 Y 070 M012400 N 070 M022400 N 070 N012400 N 070 N022400 N 070 O012400 Y 070 O022400 N 070 P012400 N 070 P022400 N 070 Q012400 N 070 Q022400 N 070 R012400 Y 070 R022400 N 071 A002400 0 071 B002400 0 071 C002400 0 071 D002400 0 072 A002400 12 072 B002400 0 072 C002400 0 072 D002400 0 072 E002400 0 PAGE 20 072 F002400 0 072 G002400 0 072 H002400 0 072 I002400 0 072 J002400 0 072 K002400 0 072 L002400 0 072 M002400 0 072 N002400 0 072 O002400 0 072 P002400 0 072 Q002400 0 072 R002400 0 072 S002400 0 072 T002400 0 072 U002400 0 072 V002400 0 072 W002400 0 072 X002400 0 072 Y002400 0 072 Z002400 0 072AA002400 0 072BB002400 0 072CC012400 0 072CC022400 0 072DD012400 0 072DD022400 0 072EE002400 0 073 A012400 0.0000 073 A022400 0.0000 073 B002400 0.0000 073 C002400 0.0000 074 A002400 0 074 B002400 0 074 C002400 0 074 D002400 0 074 E002400 0 074 F002400 0 074 G002400 0 074 H002400 0 074 I002400 0 074 J002400 0 074 K002400 0 074 L002400 0 074 M002400 0 074 N002400 0 074 O002400 0 074 P002400 0 074 Q002400 0 074 R012400 0 074 R022400 0 PAGE 21 074 R032400 0 074 R042400 0 074 S002400 0 074 T002400 0 074 U012400 0 074 U022400 0 074 V012400 0.00 074 V022400 0.00 074 W002400 0.0000 074 X002400 0 074 Y002400 0 075 A002400 0 075 B002400 0 076 002400 0.00 080 A002400 GULF INSURANCE COMPANY 080 C002400 750 081 A002400 N 081 B002400 0 082 A002400 Y 082 B002400 5 083 A002400 N 083 B002400 0 084 A002400 N 084 B002400 0 085 A002400 N 085 B002400 N 008 A002801 IMS CAPITAL MANAGEMENT 008 B002801 A 008 C002801 801-33939 008 D012801 PORTLAND 008 D022801 OR 008 D032801 97266 015 A002801 US BANK 015 B002801 C 015 C012801 CINCINNATI 015 C022801 OH 015 C032801 45202 015 E012801 X 024 002800 N 028 A012800 155 028 A022800 0 028 A032800 0 028 A042800 0 028 B012800 197 028 B022800 0 028 B032800 0 028 B042800 231 028 C012800 139 028 C022800 0 028 C032800 0 028 C042800 6 PAGE 22 028 D012800 437 028 D022800 0 028 D032800 0 028 D042800 4 028 E012800 618 028 E022800 0 028 E032800 0 028 E042800 0 028 F012800 356 028 F022800 0 028 F032800 0 028 F042800 77 028 G012800 1902 028 G022800 0 028 G032800 0 028 G042800 318 028 H002800 0 029 002800 N 030 A002800 0 030 B002800 0.00 030 C002800 0.00 031 A002800 0 031 B002800 0 032 002800 0 033 002800 0 034 002800 N 035 002800 0 036 B002800 0 037 002800 N 038 002800 0 039 002800 N 040 002800 N 041 002800 N 042 A002800 0 042 B002800 0 042 C002800 0 042 D002800 0 042 E002800 0 042 F002800 0 042 G002800 0 042 H002800 0 043 002800 0 044 002800 0 045 002800 Y 046 002800 N 047 002800 Y 048 002800 1.260 048 A012800 0 048 A022800 0.000 048 B012800 0 048 B022800 0.000 PAGE 23 048 C012800 0 048 C022800 0.000 048 D012800 0 048 D022800 0.000 048 E012800 0 048 E022800 0.000 048 F012800 0 048 F022800 0.000 048 G012800 0 048 G022800 0.000 048 H012800 0 048 H022800 0.000 048 I012800 0 048 I022800 0.000 048 J012800 0 048 J022800 0.000 048 K012800 0 048 K022800 0.000 054 A002800 Y 054 B002800 Y 054 C002800 N 054 D002800 N 054 E002800 N 054 F002800 N 054 G002800 Y 054 H002800 Y 054 I002800 N 054 J002800 Y 054 K002800 N 054 L002800 N 054 M002800 Y 054 N002800 N 054 O002800 Y 055 A002800 N 055 B002800 N 056 002800 Y 057 002800 N 058 A002800 N 059 002800 Y 060 A002800 Y 060 B002800 Y 061 002800 5000 062 A002800 N 062 B002800 0.0 062 C002800 0.0 062 D002800 0.0 062 E002800 0.0 062 F002800 0.0 062 G002800 0.0 062 H002800 0.0 062 I002800 0.0 PAGE 24 062 J002800 0.0 062 K002800 0.0 062 L002800 0.0 062 M002800 0.0 062 N002800 0.0 062 O002800 0.0 062 P002800 0.0 062 Q002800 0.0 062 R002800 0.0 063 A002800 0 063 B002800 0.0 066 A002800 Y 066 B002800 N 066 C002800 N 066 D002800 Y 066 E002800 N 066 F002800 N 066 G002800 N 067 002800 N 068 A002800 N 068 B002800 N 069 002800 N 070 A012800 Y 070 A022800 N 070 B012800 Y 070 B022800 N 070 C012800 N 070 C022800 N 070 D012800 Y 070 D022800 N 070 E012800 N 070 E022800 N 070 F012800 N 070 F022800 N 070 G012800 N 070 G022800 N 070 H012800 N 070 H022800 N 070 I012800 N 070 I022800 N 070 J012800 Y 070 J022800 N 070 K012800 Y 070 K022800 Y 070 L012800 Y 070 L022800 N 070 M012800 N 070 M022800 N 070 N012800 Y 070 N022800 N 070 O012800 Y PAGE 25 070 O022800 N 070 P012800 N 070 P022800 N 070 Q012800 N 070 Q022800 N 070 R012800 N 070 R022800 N 071 A002800 7858 071 B002800 5089 071 C002800 2248 071 D002800 226 072 A002800 12 072 B002800 1 072 C002800 16 072 D002800 0 072 E002800 0 072 F002800 19 072 G002800 6 072 H002800 0 072 I002800 10 072 J002800 3 072 K002800 0 072 L002800 1 072 M002800 3 072 N002800 11 072 O002800 0 072 P002800 0 072 Q002800 7 072 R002800 7 072 S002800 5 072 T002800 0 072 U002800 0 072 V002800 0 072 W002800 1 072 X002800 73 072 Y002800 43 072 Z002800 -13 072AA002800 48 072BB002800 0 072CC012800 221 072CC022800 0 072DD012800 0 072DD022800 0 072EE002800 0 073 A012800 0.0000 073 A022800 0.0000 073 B002800 0.0000 073 C002800 0.0000 074 A002800 0 074 B002800 0 074 C002800 0 PAGE 26 074 D002800 0 074 E002800 0 074 F002800 0 074 G002800 0 074 H002800 0 074 I002800 3884 074 J002800 0 074 K002800 15 074 L002800 18 074 M002800 0 074 N002800 3917 074 O002800 0 074 P002800 0 074 Q002800 0 074 R012800 0 074 R022800 0 074 R032800 0 074 R042800 17 074 S002800 0 074 T002800 3900 074 U012800 370 074 U022800 0 074 V012800 10.56 074 V022800 0.00 074 W002800 0.0000 074 X002800 35 074 Y002800 0 075 A002800 0 075 B002800 2353 076 002800 0.00 080 A002800 GULF INSURANCE COMPANY 080 C002800 750 081 A002800 N 081 B002800 0 082 A002800 Y 082 B002800 5 083 A002800 N 083 B002800 0 084 A002800 N 084 B002800 0 085 A002800 N 085 B002800 N SIGNATURE TIMOTHY ASHBURN TITLE PRESIDENT EX-99.77B 2 internalcontrol.txt AMERIPRIME FUNDS To the Shareholders and Trustees IMS Capital Value Fund (a series of the AmeriPrime Funds) In planning and performing our audit of the financial statements of IMS Capital Value Fund (the "Fund") for the fiscal year ended June 30, 2003, 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 June 30, 2003. 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. /s/ McCurdy & Associates CPA's, Inc. McCurdy & Associates CPA's, Inc. Westlake, Ohio July 16, 2003 To the Shareholders and Trustees IMS Strategic Allocation Fund (a series of the AmeriPrime Funds) In planning and performing our audit of the financial statements of IMS Strategic Allocation Fund (the "Fund") for the fiscal period ended June 30, 2003, 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 June 30, 2003. 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. /s/ McCurdy & Associates CPA's, Inc. McCurdy & Associates CPA's, Inc. Westlake, Ohio July 16, 2003 -----END PRIVACY-ENHANCED MESSAGE-----