WesMark Funds
c/o Federated Services Company
Federated Investors Tower
Pittsburgh, PA 15222-3779
To the Board of Trustees of the WesMark Funds:
Portfolios of WesMark Funds File No.
WesMark West Virginia Municipal Bond Fund 811-07925
WesMark Growth Fund 811-07925
WesMark Balanced Fund 811-07925
WesMark Bond Fund 811-07925
We have examined management's assertion about the WesMark
Funds' (the "Funds") 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 10, 1999 included
in the accompanying Management Statement Regarding
Compliance with Certain Provisions of the Investment Company
Act of 1940. Management is responsible for the Funds'
compliance with those requirements. Our responsibility is
to express an opinion on management's assertion about the
Funds' 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 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, without
prior notice to management, as of June 10, 1999, and with
respect to agreement of security purchases and sales, for
the period from May 14, 1999 (the date of our last
examination) through June 10, 1999:
1. Confirmation of all securities held by the Federal
Reserve Book Entry System (FED) and/or by The
Depository Trust Company (DTC);
2. Confirmation of all securities hypothecated, pledged,
placed in escrow, or out for transfer with brokers,
pledgees and/or transfer agents;
3. Reconciliation of all such securities to the books and
records of the Funds and the Custodian; and
4. Agreement of a total of 20 security purchases and a
total of 20 security sales or maturities across all
Funds since our last report 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 WesMark 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 June 10, 1999 with respect to securities reflected in
the investment account of the WesMark Funds are fairly
stated, in all material respects.
This report is intended solely for the information and use
of management of the WesMark 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.
DELOITTE & TOUCHE LLP
June 25, 1999
