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002 A000000 1793 KINGSWOOD DR SUITE 200
002 B000000 SOUTHLAKE
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002 D010000 76092
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007 C011400 14
007 C011500 15
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007 C011700 17
007 C011800 18
007 C021800 DOBSON COVERED CALL FUND
007 C031800 N
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007 C012000 20
020 A000001 TRADING PARTNERS
020 C000001 3
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020 C000004 0
020 C000005 0
020 C000006 0
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020 C000008 0
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022 A000001 UNITED MISSOURI BANK
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026 G020000 N
026 H000000 N
027 000000 Y
077 A000000 Y
077 B000000 Y
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077 E000000 N
077 F000000 N
077 G000000 N
077 H000000 N
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077 M000000 N
077 N000000 N
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008 D021801 CA
008 D031801 92707
010 A001801 AMERIPRIME FINANCIAL SERVICES, INC.
010 C011801 SOUTHLAKE
010 C021801 TX
010 C031801 76092
011 A001801 AMERIPRIME FINANCIAL SECURITIES, INC.
011 B001801 8-48143
011 C011801 SOUTHLAKE
011 C021801 TX
011 C031801 76092
012 A001801 UNIFIED FUND SERVICES, INC.
012 B001801 84-0000
012 C011801 INDIANAPOLIS
012 C021801 IN
012 C031801 46204
013 A001801 MCCURDY & ASSOCIATES CPA'S, INC.
013 B011801 WESTLAKE
013 B021801 OH
013 B031801 44145
014 A001801 AMERIPRIME FINANCIAL SECURITIES, INC.
014 B001801 8-48143
015 A001801 UMB BANK, N.A.
015 B001801 C
015 C011801 KANSAS CITY
015 C021801 MO
015 C031801 64106
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SIGNATURE PAUL S. BELLANY
TITLE TREASURER
Board of Trustees
Dobson Covered Call Fund (a series of the Ameriprime Funds)
In planning and performing our audit of the financial statements of the Dobson
Covered Call Fund for the year ended July 31, 1999, we considered its internal
control structure, including procedures 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 the internal control structure.
The management of the Dobson Covered Call Fund is responsible for establishing
and maintaining an internal control structure. In fulfilling this
responsibility, estimates and judgments by management are required to assess the
expected benefits and related costs of internal control structure policies and
procedures. Two of the objectives of an internal control structure are to
provide management with reasonable, but not absolute, assurance that assets are
safeguarded against loss from unauthorized use or disposition and transactions
are executed in accordance with management's authorization and recorded properly
to permit preparation of financial statements in conformity with generally
accepted accounting principles.
Because of inherent limitations in any internal control structure, errors or
irregularities may occur and may not be detected. Also, projection of any
evaluation of the structure 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 the internal control structure would not necessarily
disclose all matters in the internal control structure 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 the specific internal control structure elements does not reduce to
a relatively low level the risk that errors or irregularities 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 the internal control structure, including procedures for safeguarding
securities, that we consider to be material weaknesses as defined above as of
July 31, 1999.
This report is intended solely for the information and use of management and the
Securities and Exchange Commission.
McCurdy & Associates CPA's, Inc.
Westlake, Ohio
August 16, 1999
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
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<NAME> DOBSON COVERED CALL FUND
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[AVG-DEBT-OUTSTANDING] 0
[AVG-DEBT-PER-SHARE] 0
</TABLE>
