REPORT ON EXAMINATION OF SECURITIES PURSUANT TO RULE 17F-2

To the Board of Directors of Dresdner RCM International Growth Equity Fund A:


We have examined the securities represented by the investment accounts included
on the books and records of Dresdner RCM International Growth Equity Fund A
("The Fund") for the period from the date of our last similar examination on
December 31, 1997 to February 20, 1998.  Our examination was performed without
prior notice to the Fund and in accordance with Rule 17f-2 of the Investment
Company Act of 1940, as amended.  It is understood that this report is solely
for the use of management of Dresdner RCM International Growth Equity Fund A and
the Securities and Exchange Commission and should not be used for any other
purpose.

We performed the following procedures with respect to securities owned by The
Funds as of the close of business on February 20, 1998:

          All securities owned by the Funds are custodied with State Street Bank
          and Trust Company ("State Street").  All Deutschemark denominated
          securities held by the Fund will be custodied with Dresdner Bank AG as
          Sub Custodian for State Street.  All securities custodied with
          Dresdner Bank AG are custodied in book entry method.  All Deutschemark
          denominated securities owned by Dresdner RCM International Growth
          Equity Fund A are held in an individual account.

          We reviewed State Street's daily exception report which compares the
          safekeeping report of securities held by the Fund to those held by
          Dresdner Bank AG on an individual account basis, from February 28,
          1997 (the date of our last security count) to December 31, 1997 noting
          that the exceptions on the report, if any, for the Fund had been
          resolved during the period.  We agreed securities shown on the State
          Street safekeeping report to Dresdner Bank AG's custody statement as
          of the count date.

          Securities designated as securities of the Fund on State Street's
          safekeeping report were traced to the books and records of the Fund,
          noting agreement except for securities purchased/sold but not
          received/delivered on that date, as to which we requested confirmation
          from the brokers.



          We reviewed the daily reconciliation between Dresdner Bank's records
          and the records of the central depository, Deutscher Kassenverein AG,
          ("the DKV") and noted that the exceptions or unmatched items on the
          report, if any, had been resolved in a timely manner during the
          period.

Because the above procedures do not constitute an audit in accordance with
generally accepted auditing standards, we do not express an opinion on the
specified investment accounts referred to above.  In connection with the
procedures referred to above, no matters came to our attention that caused us
to believe that the specified accounts should be adjusted.  Had we performed
additional procedures or had we audited the financial statements in accordance
with generally accepted auditing standards, matters might have come to our
attention that would have been reported to you.  This report related only to the
investments specified above and does not extend to any financial statements of
Dresdner RCM International Growth Equity Fund A taken as a whole.


                                          /s/ PricewaterhouseCoopers LLP

Boston, Massachusetts                        PricewaterhouseCoopers LLP
September 21, 1998




 

                                UNITED STATES                                ------------------------------
                      SECURITIES AND EXCHANGE COMMISSION                               OMB APPROVAL        
                           WASHINGTON, D.C. 20549                            ------------------------------
                                                                             OMB Number:         3235-0360 
                                   FORM N-17f-2                              Expires:                      
              Certificate of Accounting of Securities and Similar            Estimated average burden      
                         Investments in the Custody of                       hours per response.....  0.05 
                        Management Investment Companies                      ------------------------------

                  Pursuant to Rule 17f-2 [17 CFR 270.17f-2]
- -----------------------------------------------------------------------------------------------------------
1.   Investment Company Act File Number:                                    Date examination completed:
811-  02913                                                                      February 20, 1998
- -----------------------------------------------------------------------------------------------------------
2.   State identification Number:
     ------------------------------------------------------------------------------------------------------
     AL               AK               AZ              AR               CA               CO
     ------------------------------------------------------------------------------------------------------
     CT               DE               DC              FL               GA               HI
     ------------------------------------------------------------------------------------------------------
     ID               IL               IN              IA               KS               KY
     ------------------------------------------------------------------------------------------------------
     LA               ME               MD              MA               MI               MN
     ------------------------------------------------------------------------------------------------------
     MS               MO               MT              NE               NV               NH
     ------------------------------------------------------------------------------------------------------
     NJ               NM               NY              NC               ND               OH
     ------------------------------------------------------------------------------------------------------
     OK               OR               PA              RI               SC               SD
     ------------------------------------------------------------------------------------------------------
     TN               TX               UT              VT               VA               WA
     ------------------------------------------------------------------------------------------------------
     WV               WI               WY              PUERTO RICO
     ------------------------------------------------------------------------------------------------------
     Other (specify):
- -----------------------------------------------------------------------------------------------------------
3.   Exact name of investment company as specified in registration statement:
        Dresdner RCM International Growth Equity Fund A
- -----------------------------------------------------------------------------------------------------------

- -----------------------------------------------------------------------------------------------------------
4.   Address of principal executive office (number, street, city, state, zip code):
        4 Embarcadero Center, San Francisco, CA 94111
- -----------------------------------------------------------------------------------------------------------


INSTRUCTIONS

This Form must be completed by investment companies that have custody of 
securities or similar investments.

INVESTMENT COMPANY

1. All items must be completed by the investment company.

2. Give this Form to the independent public accountant who, in compliance 
with Rule 17f-2 under the Act and applicable state law, examines securities 
and similar investments in the custody of the investment company.

ACCOUNTANT

3. Submit this Form to the Securities and Exchange Commission and appropriate 
state securities administrators when filing the certificate of accounting 
required by Rule 17f-2 under the Act and applicable state law. File the 
original and one copy with the Securities and Exchange Commission's principal 
office in Washington, D.C., one copy with the regional office for the region 
in which the investment company's principal business operations are 
conducted, and one copy with the appropriate state administrator(s), if 
applicable.

      THIS FORM MUST BE GIVEN TO YOUR INDEPENDENT PUBLIC ACCOUNTANT