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SIGNATURE MONICA WALKER
TITLE SECRETARY
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0001007097
<NAME> THE LOU HOLLAND TRUST
<S> <C>
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To the Board of Trustees
Lou Holland Growth Fund:
In planning and performing our audit of the financial statements
of the Lou Holland Growth Fund for the period from April 29,
1996 to December 31, 1996 (on which we have issued our report
dated February 7, 1997), 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 Lou Holland Growth 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 that transactions are
executed in accordance with management's authorization and
recorded properly to permit the 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 not be
detected. Also, projection of any evaluation of the internal
control structure to future periods is subject to the risk that
procedures 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
December 31, 1996.
Lou Holland Growth Fund
Page 2
This report is intended solely for the use of management and the
Securities and Exchange Commission, and should not be used for
any other purpose.
/s/ Deloitte & Touche LLP
February 7, 1997
