Independent Auditors' Supplementary
Report on Internal Control
The Board of Trustees
WWW Trust
In planning and performing our audit of the financial statements of the
WWW Trust, an Ohio business trust, (comprising the WWW Internet Fund)
(the Fund) for the year ended June 30, 2000, we considered its internal
control, 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 Fund's internal control.
The management of WWW Internet Fund is responsible for establishing
and maintaining the Fund's internal control. In fulfilling this
responsibility, estimates and judgments by management are required to
assess the expected benefits and related costs of internal control
policies and procedures. Two of the objectives of internal control 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 the preparation of financial statements in
conformity with generally accepted accounting principles.
Because of inherent limitations in any internal control system, errors
or fraud may occur and may not be detected. Also, projection of any
evaluation of internal control 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 internal control would not necessarily disclose
all internal control matters 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 a specific internal control component does not reduce
to a relatively low level the risk that errors or fraud 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 internal control, including
procedures for safeguarding securities, that we consider to be material
weaknesses as defined above as of June 30, 2000.
This report is intended solely for the information and use of the Board
of Trustees, management and the Securities and Exchange Commission and is
not intended to be and should not be used by anyone other than those
specified parties.
Berge & Company LTD
Cincinnati, Ohio
August 7, 2000
