U.S. Securities and Exchange Commission
Washington, D. C. 20549
FORM N-17f-2
Certificate of Accounting of Securities and Similar Investments in the
Custody of Management Investment Companies
Pursuant to Rule 17F-2 [17 CFR 270.17f-2]
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1. Investment Company Act File Number: Date examination completed:
Firstar Select REIT Plus Fund 9/9/99
811- 8155
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2. State Identification Number:
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AL AK AZ AR CA CO
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CT DE DC FL GA HI
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ID IL IN IA KS KY
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LA ME MD MA MI MN
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MS MO MT NE NV NH
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NJ NM NY NC ND OH
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OK OR PA RI SC SD
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TN TX UT VT VA WA
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WV WI WY PUERTO RICO
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Other (Specify):
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3. Exact number of investment company as specified in registration statement:
333-23987
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4. Address of principal executive office: (number, street, city, state, zip
code) 431 N. Pennsylvania Avenue, Indianapolis, Indiana 46204
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INSTRUCTIONS
This Form must be completed by the investment companies that have custody of
securities or similar investments.
Investment Company
1. All items must be completed by the investment company.
2. Give this Form to the independent public accountant who, in compliance with
Rule 17f-2 under the Act and applicable state law, examines securities and
similar investments in the custody of the investment company.
Accountant
3. Submit this Form to the Securities and Exchange Commission and appropriate
state securities administrators when filing the certificate of accounting
required by Rule 17f-2 under the Act and applicable state law. File the original
and one copy with the Securities and Exchange Commissio's principal office in
Washington, D.C., one copy with the regional office for the region in which the
investment company's principal business are conducted, and one copy with the
appropriate state administrator(s), if applicable. THIS FORM MUST BE GIVEN TO
YOUR INDEPENDENT PUBLIC ACCOUNTANT
Note: The estimated average burden hours are made solely for purposed of the
Paperwork Reduction Act, and are not derived from a comprehensive or even a
representative survey or study of the costs of SEC rules and forms. Direct any
comments concerning the accuracy of the estimated average burden hours for
compliance with SEC rules and forms to Kenneth A. Fognash, Deputy Executive
Director, U.S. Securities and Exchange Commission, 450 Fifth Street, N.W.,
Washington, D.C. 20549 and Gary Waxman, Clearance Officer, Office of Management
and Budget, Room 3208 New Executive Office Building, Washington, D.C. 20503.
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To the Trustees of
Firstar Select REIT Plus Fund
We have examined the investment accounts shown by the books and records of
Firstar Select REIT-Plus Fund for the period from our last surprise audit on
March 31, 1999 to August 27, 1999. Our examination was made without prior notice
to the Company. 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 August 27, 1999, shown by the
books and records audited by us were located at the Depository Transfer Company
(DTC), which we verified by reviewing DTC-SCI reconciliations for Firstar Bank
in Cincinnati, Ohio.
Because the above procedures do not constitute an audit in accordance with
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 matters 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
Firstar Select REIT-Plus Fund, taken as a whole.
/s/ McCurdy & Associates
McCurdy & Associates CPA's, Inc.
September 9, 1999
