Exhibit 10
October 31, 2000
Berge & Company LTD
20 West Ninth Street
Cincinnati, Ohio 45273-8981
Re: WWW Advisors, Inc.'s WWW Trust/WWW Internet Fund
Ladies and Gentlemen:
By letter dated October 25, 2000 (the "Request"), Diane Snapp,
Secretary of WWW Advisors, Inc. (the "Corporation"), has requested that we
furnish you with certain information as of June 30, 2000, and during the period
from that date to the date of this letter on behalf of and with respect to the
Corporation's WWW Trust/WWW Internet Fund (the "Trust/Fund"). Our response will
relate only to the period from July 1, 1999 through the date of this letter (the
"Period").
This response is limited by, and in accordance with, the ABA Statement
of Policy Regarding Lawyers' Responses to Auditors' Requests for Information
(December 1975) (the "Statement of Policy"). Without limiting the generality of
the foregoing, the limitations set forth in the Statement of Policy on the scope
and use of this response (paragraphs 2 and 7) are specifically incorporated in
this letter by reference, and any description herein of any "loss contingencies"
is qualified in its entirety by paragraph 5 of the Statement of Policy and the
accompanying commentary, which is an integral part of the Statement of Policy.
Consistent with the last sentence of paragraph 6 of the Statement of
Policy and pursuant to the Corporation's Request, this will confirm as correct
the Corporation's understanding as set forth in its audit inquiry letter to us
that whenever, in the course of performing legal services with respect to the
Trust/Fund on a matter recognized to involve an unasserted possible claim or
assessment that may call for financial statement disclosure, we have formed a
professional conclusion that the Trust/Fund must disclose or consider disclosure
concerning such possible claim or assessment, we, as a matter of professional
responsibility to the Administrator of the Trust/Fund, will so advise the
Corporation and will consult with the Corporation concerning the question of
such disclosure and the applicable requirements of Statement of Financial
Accounting Standards No. 5, except that we express no opinion concerning and we
do not have such an understanding with the Trust/Fund or any duty concerning
disclosure with respect to any claim for benefits arising in the course of
normal Trust/Fund operations.
Our response to the Request is limited strictly to the matters
expressly set forth in this letter. As contemplated by paragraph 4 of the
Statement of Policy, we advise you not to infer that we have responded to any
aspect of the Request that is not expressly addressed by this letter.
We represent the Corporation on a regular basis, and in connection with
that representation we are consulted from time-to-time concerning specific
matters involving the Trust/Fund. The Trust/Fund may be involved in matters of a
legal nature about which we have not been consulted.
Neither the Corporation nor the Trust/Fund intend to waive the
attorney-client privilege with respect to any information which the Corporation
or the Trust/Fund has furnished to us. Moreover, please be advised that our
response to you should not be construed in any way to constitute a waiver of the
protection of the attorney work-product privilege with respect to any of our
files involving the Corporation or the Trust/Fund.
<PAGE>
Subject to the foregoing, we advise you that during the Period, we have
not been engaged to give substantive attention to, or represent the Corporation
as administrator or the Trust/Fund in connection with, material loss
contingencies (as described in the Request) coming within the scope of clause
(a) of paragraph 5 of the Statement of Policy which were not resolved by the
date of this letter.
Because our statements are rendered to and paid by the Corporation, as
of June 30, 2000, the Trust/Fund was not indebted to us for either billed or
unbilled services or costs.
The information set forth herein is true and accurate as of the date of
this letter, and we assume no obligation to advise you of any changes, whether
or not deemed material, of which we may subsequently learn.
Sincerely,
BROWN, TODD & HEYBURN PLLC
By: /s/ WILLIAM G. STRENCH
----------------------
William G. Strench
Member of the Firm
<PAGE>
