[C]
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
Investments 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]
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1. Investment Company Act File Number:
811-07505
Date examination completed: July 25, 1997
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2. State identification Number: N/A
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AL AK AZ AR CA CO
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CT DE DC FL GA HI
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ID IL IN IA KS KY
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LA ME MD MA MI MN
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MS MO MT NE NV NH
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NJ NM NY NC ND OH
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OK OR PA RI SC SD
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TN TX UT VT VA WA
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WV WI WY PUERTO RICO
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Other (specify):
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3. Exact name of investment company as specified in registration statement:
INTRUST FUNDS TRUST
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4. Address of principal executive office (number, street, city, state, zip code)
3435 Stelzer Rd, Ste 1000, Columbus, OH, 43219
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EXHIBIT 23
To the Board of Trustees of
INTRUST Funds Trust
and the
Securities and Exchange Commission:
We have examined management's assertion about the INTRUST Funds Trust -
Kansas Tax-Exempt Bond Fund's (the Fund) compliance with the requirements of
subsection (b) and (c) of Rule 17f-2 under the Investment Company Act of
1940 (the Act) as of July 25, 1997 and for the period from June 27, 1997
through July 25, 1997, 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 July 25, 1997 and for the period
from June 27, 1997 (the date of our last examination) through July 25,
1997, with respect to securities transactions, without prior notice to
management:
1. Confirmation of all securities held as of July 25, 1997 by
institutions in book entry form by the Federal Reserve Bank and
Bank of New York;
2. Verification of all securities purchased/sold but not
received/delivered and securities in transit as of July 25, 1997
via examination of underlying trade ticket or broker confirmation;
3. Reconciliation of all such securities to the books and records
of the Fund and the INTRUST Bank, N.A.;
4. Confirmation of all repurchase agreements as of July 25, 1997
with brokers/banks and agreement of underlying collateral with the
INTRUST Bank, N.A. records. The Fund held no repurchase agreements
as of July 25, 1997; and
5. Agreement of no selected security purchases, sales or maturities
since our last report date from the books and records of the Fund
to broker confirmations since no such activity occurred during the
period from June 27, 1997 through July 25, 1997.
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 Funds were in compliance
with the above mentioned provisions of Rule 17f-2 of the Investment Company
Act of 1940 as of July 25, 1997 and for the period from June 27, 1997
through July 25, 1997 is fairly stated, in all material respects.
This report is intended solely for the information and use of management of
the Fund and the Securities and Exchange Commission and should not be used
for any other purpose.
/s/ KPMG PEAT MARWICK LLP
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KPMG PEAT MARWICK LLP
Columbus, Ohio
August 27, 1997
August 27, 1997
Management Statement Regarding Compliance with Certain Provisions
of the Investment Company Act of 1940
We, as members of management of The INTRUST Funds Trust - Kansas Tax-Exempt
Bond Fund (the Fund), are responsible for complying with the requirements of
subsections (b) and (c) of Rule 17f-2, "Custody of Investments by Registered
Investment Companies," of the Investment Company Act of 1940. We are also
responsible for establishing and maintaining effective internal controls
over compliance with Rule 17f-2 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 July 25, 1997.
Based on this evaluation, we assert that the Fund was in compliance
with the requirements of subsections (b) and (c) of Rule 17f-2 of the
Investment Company Act of 1940 as of July 25, 1997 and for the period
from June 27, 1997 through July 25, 1997, with respect to securities
reflected in the investment account of the Fund.
Sincerely,
/s/ DAVID BUNSTINE
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David Bunstine
President
INTRUST Funds Trust - Kansas Tax-Exempt Bond Fund
