-----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, K5CpIANp9d9vDaT5Rf+nkggr7rCaAvfaibPSGIGAF/x796bI91SU1fP6aZDHSuNN YJLWxhfR/MFknIsxtj1xFQ== 0000950152-01-000107.txt : 20010122 0000950152-01-000107.hdr.sgml : 20010122 ACCESSION NUMBER: 0000950152-01-000107 CONFORMED SUBMISSION TYPE: 40-17F2 PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20010104 FILER: COMPANY DATA: COMPANY CONFORMED NAME: AMSOUTH MUTUAL FUNDS CENTRAL INDEX KEY: 0000832544 STANDARD INDUSTRIAL CLASSIFICATION: [] STATE OF INCORPORATION: MA FISCAL YEAR END: 0731 FILING VALUES: FORM TYPE: 40-17F2 SEC ACT: SEC FILE NUMBER: 811-05551 FILM NUMBER: 1502067 BUSINESS ADDRESS: STREET 1: 3435 STELZER RD STREET 2: STE 1000 CITY: COLUMBUS STATE: OH ZIP: 43219 BUSINESS PHONE: 8004518382 MAIL ADDRESS: STREET 1: 3435 STELZER RD STREET 2: STE 1000 CITY: COLUMBUS STATE: OH ZIP: 43219 FORMER COMPANY: FORMER CONFORMED NAME: ASO OUTLOOK GROUP DATE OF NAME CHANGE: 19920703 40-17F2 1 l85693ae40-17f2.txt AMSOUTH FUNDS FORM N-17F-2 1 SECURITIES AND EXCHANGE COMMISSION -------------------------- WASHINGTON, D.C. 20549 OMB Approval FORM N-17f-2 -------------------------- OMB Number: 3235-0360 Certificate of Accounting of Securities and Similar Expires: July 31, 1994 Investment in the Custody of Estimated average burden Management Investment Companies hours per response... 0.05 Pursuant to Rule 17f-2 [17 CFR 270.17f-2] - ---------------------------------------------------------------------------------------------------------------------------------- 1. Investment Company Act File Number: Date examination completed 811-5551 November 30, 1999 - ---------------------------------------------------------------------------------------------------------------------------------- 2. State identification Number: N/A ---------------------------------------------------------------------------------------------------------------------------- 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 representation statement: AmSouth Funds - ---------------------------------------------------------------------------------------------------------------------------------- - ---------------------------------------------------------------------------------------------------------------------------------- 4. Address of principal executive office (number, street, city, state, zip code): 3435 Stelzer Road, Columbus, Ohio 43219-8001 - ----------------------------------------------------------------------------------------------------------------------------------
2 Report of Independent Accountants To the Board of Trustees of AmSouth Mutual Funds We have examined management's assertion, included in the accompanying "Report of Management on Compliance with Rule 17f-2 of the Investment Company Act of 1940," that AmSouth Balanced Fund, AmSouth Capital Growth Fund, AmSouth Enhanced Market Fund, AmSouth Equity Fund, AmSouth Equity Income Fund, AmSouth Regional Equity Fund, AmSouth Select Equity Fund, AmSouth Small Cap Fund, AmSouth Bond Fund, AmSouth Government Income Fund, AmSouth Limited Maturity Fund, AmSouth Tax-Free Fund, AmSouth Municipal Bond Fund, AmSouth U.S. Treasury Fund, AmSouth Tax-Exempt Fund, AmSouth Prime Obligations Fund and AmSouth Institutional Prime Obligations Fund of the Amsouth Mutual Funds (collectively, the "Funds") complied with the requirements of subsections (b) and (c) of Rule 17f-2 of the Investment Company Act of 1940 (the "Act") as of November 30, 1999 with respect to securities and similar investments reflected in the investment account of the Funds. Management is responsible for the Funds' compliance with those requirements. Our responsibility is to express an opinion on the Funds' compliance based on our examination. Our examination was conducted in accordance with attestation standards established by the American Institute of Certified Public Accountants and, accordingly, included examining, on a test basis, evidence about the Funds' compliance with those requirements and performing such other procedures as we considered necessary in the circumstances. Included among our procedures were the following tests performed as of November 30, 1999, and with respect to agreement of security and similar investments purchases and sales, for the period from July 31, 1999 (the date of last examination) through November 30, 1999; o Count and inspection of all securities and similar investments located in the vault of AmSouth Bank in Birmingham, Alabama, without prior notice to management; o Confirmation of all securities and similar investments held by institutions in book entry form with The Bank of New York and Depository Trust Company; o Reconciliation of confirmation results as to all such securities and investments to the books and records of the Funds and the Custodian; o Confirmation of all repurchase agreements with brokers and agreement of underlying collateral with The Bank of New York or Chase Manhattan Bank records; and o Agreement of 10 security and/or investment purchases and 7 security and/or investment sales or maturities since our last examination from the books and records of the Funds to broker confirmations. 3 We believe that our examination provides a reasonable basis for our opinion. Our examination does not provide a legal determination on the Funds' compliance with specified requirements. In our opinion, management's assertion that AmSouth Mutual Funds complied with the requirements of subsections (b) and (c) of Rule 17f-2 of the Investment Company Act of 1940 as of November 30, 1999, with respect to securities and similar investments reflected in the investment account of the Funds, is fairly stated, in all material respects. This report is intended solely for the information and use of the board of trustees and management of AmSouth Mutual Funds and the Securities and Exchange Commission and is not intended to be and should not be used by anyone other than these specified parties. Ernst & Young LLP March 20, 2000 4 REPORT OF MANAGEMENT ON COMPLIANCE WITH RULE 17f-2 OF THE INVESTMENT COMPANY ACT OF 1940 March 20, 2000 We, as members of management of Amsouth Mutual Funds (the "Funds"), are responsible for complying with the requirements of subsections (b) and (c) of Rule 17f-2, "Custody of Investments by Registered Management Investment Companies," of the Investment Company Act of 1940. We also are responsible for establishing and maintaining effective internal control over compliance with those requirements. We have performed an evaluation of the Funds' compliance with the requirements of subsections (b) and (c) of Rule 17f-2 as of November 30, 1999. Based on this evaluation, we assert that the Funds were in compliance with the requirements of subsections (b) and (c) of Rule 17f-2 of the Investment Company Act of 1940 as of November 30, 1999 with respect to securities and similar investments reflected in the investment accounts of the Funds. /s/ John F. Calvano - ---------------------------------- John F. Calvano, President /s/ Jeffrey C. Cusick - ---------------------------------- Jeffrey C. Cusick, Vice President /s/ Charles L. Booth - ---------------------------------- Charles L. Booth, Treasurer -----END PRIVACY-ENHANCED MESSAGE-----