UNITED STATES -----------------------
SECURITIES AND EXCHANGE COMMISSION OMB Approval
WASHINGTON, DC. 20549 -----------------------
OMB Number: 3235-0360
FORM N-17f-2 Expires: June 30, 1997
Estimated average burden
Certificate of Accounting of Securities hours per response 0.05
and Similar Investments in the Custody of
Management Investment Companies
Pursuant to Rule 17f-2 [17 CFR 270.17f-2]
-----------------------------------------------------------------------------
1. Investment Company Act File Number:
811-08043
Date examination completed:
December 23, 1997
- -----------------------------------------------------------------------------
2. State identification Number:
- -----------------------------------------------------------------------------
AL [ ] AK [ ] AZ [ ] AR [ ] CA [X] CO [ ]
- -----------------------------------------------------------------------------
CT [ ] DE [ ] DC [ ] FL [ ] GA [ ] HI [ ]
- -----------------------------------------------------------------------------
ID [ ] IL [ ] IN [ ] IA [ ] KS [ ] KY [ ]
- -----------------------------------------------------------------------------
LA [ ] ME [ ] MD [ ] MA [ ] MI [ ] MN [ ]
- -----------------------------------------------------------------------------
MS [ ] MO [ ] MT [ ] NE [ ] NV [ ] NH [ ]
- -----------------------------------------------------------------------------
NJ [ ] NM [ ] NY [ ] NC [ ] ND [ ] OH [ ]
- -----------------------------------------------------------------------------
TN [ ] TX [ ] UT [ ] VT [ ] VA [ ] WA [ ]
- -----------------------------------------------------------------------------
WV [ ] WI [ ] WY [ ] PUERTO RICO [ ]
- -----------------------------------------------------------------------------
Other (specify):
- -----------------------------------------------------------------------------
3. Exact name of investment company as specified in registration statement:
Berkshire Capital Investment Trust
Berkshire Capital Growth & Value Fund
- -----------------------------------------------------------------------------
4. Address of principal executive office (number, street, city, state, zip
code):
475 Milan Drive
#103
San Jose, CA 95134-2453
- -----------------------------------------------------------------------------
Meredith, Cardozo, Lanz, & Chiu LLP
Certified Public Accountants
97 South Second Street
Suite 100
San Jose, CA 95113-2602
Telephone (408) 278-0220
Facsimile (408) 278-0230
Independent Auditors' Report on Examination of Securities
To the Board of Trustees
Berkshire Capital Investment Trust:
We have examined the investment accounts shown by the books and records of
Berkshire Capital Growth & Value Fund for the period from December 9, 1997 to
December 23, 1997. Our examination was made without prior notice to the Trust.
It is understood that this report is solely for the use of management and the
Securities and Exchange Commission and should not be used for any other
purpose.
Securities owned as of the close of business on December 23, 1997, shown by
the books and records audited by us, which we counted and inspected, were
located in the vault of Bank of Los Altos, except for securities purchased but
not received, pledged, or out for transfer on that date, as to which we
obtained confirmation from the brokers, pledgees, and transfer agents,
respectively.
Because the above procedures do not constitute an audit in accordance to
generally accepted auditing standards, we do not express an opinion on the
investment accounts referred to above. In connection with the procedures
referred to above, no matter came to our attention that caused us to believe
that the specified accounts should be adjusted. Had we performed additional
procedures or had we audited the financial statements in accordance with
generally accepted auditing standards, matters might have come to our
attention that would have been reported to you. This report relates only to
the investments specified above and does not extend to any financial
statements of Berkshire Capital Growth & Value Fund, taken as a whole.
/s/ Meredith, Cardozo, Lanz, & Chiu
- -----------------------------------
Meredith, Cardozo, Lanz, & Chiu LLP
San Jose, California
December 23, 1997
