-----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, VgpsNPwE+Gzcv18TM+RpzcDuBbVT2Oq+C4bywNLHbeX4YGLmU3QAhYWS1e8++SDx nRmA/LBfAFHx4ezUTGqlJQ== 0000950152-01-000108.txt : 20010122 0000950152-01-000108.hdr.sgml : 20010122 ACCESSION NUMBER: 0000950152-01-000108 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: 1502066 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 l85694ae40-17f2.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 May 31, 2000 - ---------------------------------------------------------------------------------------------------------------------------------- 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 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 Value Fund, AmSouth Growth Fund, AmSouth Capital Growth Fund, AmSouth Large Cap Fund, AmSouth Mid Cap Fund, AmSouth Small Cap Fund, AmSouth Equity Income Fund, AmSouth Balanced Fund, AmSouth Select Equity Fund, AmSouth Enhanced Market Fund, AmSouth Strategic Portfolios: Aggressive Growth Portfolio, AmSouth Strategic Portfolios: Growth Portfolio, AmSouth Strategic Portfolios: Growth and Income Portfolio, AmSouth Strategic Portfolios: Moderate Growth and Income Portfolio, AmSouth Strategic Portfolios: Current Income Portfolio, AmSouth Bond Fund, AmSouth Limited Term Bond Fund, AmSouth Government Income Fund, AmSouth Limited Term U.S. Government Fund, AmSouth Municipal Bond Fund, AmSouth Florida Tax-Exempt Fund, AmSouth Tennessee Tax-Exempt Fund, AmSouth Limited Term Tennessee Tax-Exempt Fund, AmSouth Prime Money Market Fund, AmSouth U.S. Treasury Money Market Fund, AmSouth Treasury Reserve Money Market Fund, AmSouth Tax-Exempt Money Market Fund and AmSouth Institutional Prime Obligations Fund of the Amsouth 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 May 31, 2000 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 May 31, 2000, and with respect to agreement of security and similar investments purchases and sales, for the period from November 30, 1999 (the date of last examination) through May 31, 2000; 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 Confirmation of all securities and similar investments hypothecated, pledged, placed in escrow, or out for transfer with brokers, pledgees and/or transfer agents; o Reconciliation of confirmation results as to all such securities and investments to the books and records of the Funds and the Custodian; 3 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 11 security and/or investment purchases and 17 security and/or investment sales or maturities since our last examination from the books and records of the Funds to broker confirmations. 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 Funds complied with the requirements of subsections (b) and (c) of Rule 17f-2 of the Investment Company Act of 1940 as of May 31, 2000, 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 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 December 5, 2000 4 REPORT OF MANAGEMENT ON COMPLIANCE WITH RULE 17f-2 OF THE INVESTMENT COMPANY ACT OF 1940 December 5, 2000 We, as members of management of Amsouth 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 May 31, 2000. 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 May 31, 2000 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-----