EXHIBIT INDEX
EXHIBIT A:
Attachment to item 77B:
Accountant's report on internal control.
EXHIBIT B:
Attachment to item 77D:
Policies with respect to security investments.
EXHIBIT C:
Attachment to item 77I
Terms of new or amended securities
EXHIBIT D:
Attachment to item 77Q1:
Exhibits
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EXHIBIT A:
Report of Independent Auditors
To the Board of Trustees
WT Investment Trust I and WT Mutual Fund
In planning and performing our audits of the financial statements
of WT Investment Trust I and WT Mutual Fund (the "Funds") for the
fiscal years ended June 30, 2000, we considered their internal
control, including control activities for safeguarding
securities, in order to determine our auditing procedures for the
purpose of expressing our opinions 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 Funds 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 controls. Generally,
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 safeguarding
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
conditions 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
condition in which the design or operation of one or more of the
internal control components does not reduce to a relatively low
level the risk that misstatements caused by 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 and its operations, including controls for
safeguarding securities, that we consider to be material
weaknesses as defined above at June 30, 2000.
This report is intended solely for the information and use of the
Board of Trustees and management of WT Investment Trust I and WT
Mutual Fund and the Securities and Exchange Commission and is not
intended to be and should not be used by anyone other than these
specified parties.
ERNST & YOUNG LLP
Philadelphia, Pennsylvania
August 4, 2000
EXHIBIT B:
SUB-ITEM 77D: Policies with respect to security investments
The following investment policies have been changed or amended
by approval of the Board of Trustees since December 31, 1999 for
the master Series and its feeder Portfolio indicated below:
1. With respect to the Small Cap Core Series/Wilmington Small
Cap Core Portfolio, at the May 11,2000 meeting of the Board of
Trustees, the Board approved changes to the Small Cap Core
Series' limitation with respect to market capitalization to read
as follows:
""...common stocks of U.S. corporations that are judged by
the adviser to have strong growth characteristics or to be
undervalued in the marketplace relative to underlying
profitability and have a market capitalization (at the time of
purchase) which is less than that of the largest stock in the
Russell 2000 Index."
2. With respect to the International Multi-Manager
Series/Wilmington International Multi-Manager Portfolio, at the
August 17, 2000 Board of Trustees meeting, the Board approved
changes to the International Multi-Manager Series' definition of
a "foreign issuer" to read as follows:
""a foreign issuer is an issuer which (1) is organized
under the laws of a non-U.S. country or (2) derives at least 50%
of its revenues or profits from goods produced or sold,
investments made, or services performed in a non-U.S. country or
has at least 50% of its assets situated in a non-U.S. country."
EXHIBIT C:
SUB-ITEM 77I: Terms of new or amended securities
On August 11, 2000, WT Mutual Fund registered three new
portfolios with the Securities and Exchange Commission in Post-
Effective Amendment No. 11 to its registration statement on Form
N-1A pursuant to Rule 485(a) of the Securities Act of 1933, as
amended. The new portfolios are the (i) Roxbury Mid Cap Fund,
(ii) Roxbury Science and Technology Fund and (iii) Roxbury
Socially Responsible Fund.
EXHIBIT D
SUB-ITEM 77Q1: Exhibits
(b) 1. With respect to the Small Cap Core Series/Wilmington
Small Cap Core Portfolio, the text of the market capitalization
limitation reads as follows:
""...common stocks of U.S. corporations that are judged by
the adviser to have strong growth characteristics or to be
undervalued in the marketplace relative to underlying
profitability and have a market capitalization (at the time of
purchase) which is less than that of the largest stock in the
Russell 2000 Index."
2. With respect to the International Multi-Manager
Series/Wilmington International Multi-Manager Portfolio, the
text of the definition of a "foreign issuer" reads as follows:
""a foreign issuer is an issuer which (1) is organized
under the laws of a non-U.S. country or (2) derives at least 50%
of its revenues or profits from goods produced or sold,
investments made, or services performed in a non-U.S. country or
has at least 50% of its assets situated in a non-U.S. country."
