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SIGNATURE CINDEE BEECHWOOD
TITLE TREASURER
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0001026977
<NAME> BERKELEY FUNDS
<S> <C>
<PERIOD-TYPE> OTHER
<FISCAL-YEAR-END> OCT-31-1998
<PERIOD-START> MAR-23-1998
<PERIOD-END> OCT-31-1998
<INVESTMENTS-AT-COST> 133762986
<INVESTMENTS-AT-VALUE> 133762986
<RECEIVABLES> 303659
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</TABLE>
Report of Independent Accountants
To the Shareholders and Board of
Trustees of Berkeley Money Market Fund
In planning and performing our audit of the financial statements of Berkeley
Money Market Fund (the "Fund") for the year ended October 31, 1998, we
considered its internal control, including control activities for safeguarding
securities, in order to dete
mine 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 internal control.
The management of the Fund is responsible for establishing and maintaining
internal control. In fulfilling this responsibility, estimates and judgments by
management are required to assess the expected benefits and related costs of
control activities. G
nerally, controls that are relevant to an audit pertain to the entity's
objective of preparing financial statements for external purposes that are
fairly presented in conformity with generally accepted accounting principles.
Those controls include the sa
eguarding of assets against unauthorized acquisition, use or disposition.
Because of inherent limitations in internal control, errors or fraud may occur
and 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 condit
ons or that the effectiveness of the design and operation may deteriorate.
Our consideration of internal control would not necessarily disclose all matters
in internal control that might be material weaknesses under standards
established by the American Institute of Certified Public Accountants. A
material weakness is a conditi
n in which the design or operation of any internal control components 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 dete
ted within a timely period by employees in the normal course of performing their
assigned functions. However, we noted no matters involving internal control,
including controls for safeguarding securities, that we consider to be material
weaknesses as de
ined above as of October 31, 1998.
This report is intended solely for the information and use of management and the
Board of Trustees of Berkeley Money Market Fund and the Securities and Exchange
Commission.
PricewaterhouseCoopers LLP
Milwaukee, Wisconsin
December 11, 1998
