-----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, NupPOzOFoWwON8vrVXUAypfypwmo1s+4KDNcXzYbZvKHK9TAY++PUOTFRw3pnOH8 u0lhk36iVCUapDccVFtMpw== 0000889812-99-002938.txt : 19991018 0000889812-99-002938.hdr.sgml : 19991018 ACCESSION NUMBER: 0000889812-99-002938 CONFORMED SUBMISSION TYPE: 40-17F2 PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 19991007 FILER: COMPANY DATA: COMPANY CONFORMED NAME: FRANCE GROWTH FUND INC CENTRAL INDEX KEY: 0000860743 STANDARD INDUSTRIAL CLASSIFICATION: UNKNOWN SIC - 0000 [0000] IRS NUMBER: 133560020 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 40-17F2 SEC ACT: SEC FILE NUMBER: 811-05994 FILM NUMBER: 99724549 BUSINESS ADDRESS: STREET 1: 1285 AVENUE OF THE AMERICAS STREET 2: C/O MITCHELL HUTCHINS ASSET MANAGEMENT CITY: NEW YORK STATE: NY ZIP: 10019 BUSINESS PHONE: 2127133589 MAIL ADDRESS: STREET 1: 1285 AVE OF THE AMERICAS STREET 2: 32ND FL CITY: NEW YORK STATE: NY ZIP: 10019 40-17F2 1 CERTIFICATE OF ACCOUNTING OF SECURITIES ----------------------------------------- OMB APPROVAL ----------------------------------------- OMB Number: 3235-0360 Expires: July 31, 1994 Estimated average burden hours per response ...0.05 ----------------------------------------- UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM N-17f-2 Certificate of Accounting of Securities and Similar Investments in the Custody of Management Investment Companies Pursuant to Rule 17f-2 [17 CFR 270.17F-2] - -------------------------------------------------------------------------------- 1. Investment Company Act File Number: Date examination completed: 811-5994 10-Sep-99 - -------------------------------------------------------------------------------- 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: The France Growth Fund, Inc. - -------------------------------------------------------------------------------- 4. Name under which business is conducted, if different from above: - -------------------------------------------------------------------------------- 5. Address of principal executive office (number, street, city, state, zip code): 1285 Avenue of the Americas, New York, New York 10019 - -------------------------------------------------------------------------------- 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 Report of Independent Accountants To the Board of Directors of The France Growth Fund, Inc. We have examined management's assertion about The France Growth Fund, Inc.'s (the "Fund") compliance with the requirements of subsections (b) and (c) of Rule 17f-2 under the Investment Company Act of 1940 ("the Act") as of June 17, 1999 included in the accompanying Management Statement Regarding Compliance with Certain Provisions of the Investment Company Act of 1940. Management is responsible for the Fund's compliance with those requirements. Our responsibility is to express an opinion on management's assertion about the Fund's compliance based on our examination. Our examination was made in accordance with standards established by the American Institute of Certified Public Accountants and accordingly included examining, on a test basis, evidence about the Fund's 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 June 17, 1999 and the period from January 1, 1999 through June 17, 1999, with respect to agreement of purchases and sales of securities and similar investments: o Confirmation of all securities and similar investments owned by the Fund and in the control of Credit Agricole Indosuez in Paris, France ("CAI"), the Fund's sub-custodian, with SICOVAM, France, the central depository in France. It was not possible to physically inspect or perform other procedures directed to the Fund's securities because they are maintained by CAI and SICOVAM under an omnibus nominee account for all of CAI's custodial customers; o Reconciliation of confirmation results as to all such securities and similar investments to the books and records of the Fund and the Custodian; o Agreement of three security and/or investment purchases and three security and/or investment sales or maturities since our last examination from the books and records of the Fund to broker confirmations. To the Board of Directors of The France Growth Fund, Inc. We believe that our examination provides a reasonable basis for our opinion. Our examination does not provide a legal determination on the Fund's compliance with specified requirements. In our opinion, management's assertion that The France Growth Fund, Inc. was in compliance with the above mentioned provisions of Rule 17f-2 of the Investment Company Act of 1940 as of June 17, 1999 is fairly stated, in all material respects. This report is intended solely for the information and use of management of The France Growth Fund, Inc. and Securities and Exchange Commission and should not be used for any other purpose. PricewaterhouseCoopers LLP New York, New York September 10, 1999 Management Statement Regarding Compliance with Certain Provisions of the Investment Company Act of 1940 We, as members of management of The France Growth Fund, Inc. (the "Fund"), 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 are also responsible for establishing and maintaining an effective internal control structure over compliance with those requirements. We have performed an evaluation of the Fund's compliance with the requirements of subsections (b) and (c) of Rule 17f-2 as of June 17, 1999. Based on this evaluation, we assert that the Fund was in compliance with those provisions of Rule 17f-2 of the Investment Company Act of 1940 as of June 17, 1999 with respect to securities and similar investments reflected in the investment account of the Fund. The France Growth Fund, Inc. By: - -------------------------------------------------- Frederick J. Schmidt, Vice President and Treasurer - ---------------------------------------------- Steven M. Cancro, Vice President and Secretary -----END PRIVACY-ENHANCED MESSAGE-----