BLK SUBSIDIARY INC
NSAR-B, EX-99, 2000-08-25
Previous: BLK SUBSIDIARY INC, NSAR-B, EX-27, 2000-08-25
Next: TAG IT PACIFIC INC, S-8, 2000-08-25



INDEPENDENT AUDITORS' REPORT
	To the Board of Directors and Shareholder of
BLK Subsidiary, Inc.
	In planning and performing our audit of the financial
	statements of BLK Subsidiary, Inc. (the "Trust") for the
	year ended June 30, 2000 (on which we have issued our report dated
	August 7, 2000), we considered its internal control, including
	control activities 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, and not to provide assurance
	on the Trust's internal control.
	The management of the Trust 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 any internal control,
	misstatements due to error or fraud may occur and not be detected.
	Also, projections of any evaluation of internal control to future
	periods are subject to the risk that the internal control may
	become inadequate because of changes in conditions, or that the
	degree of compliance with policies or procedures may deteriorate.
	Our consideration of the Trust's 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 error 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
	the Trust's internal control and its operation, including controls
	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
	management, the Board of Directors of BLK Subsidiary, Inc., and
	the Securities and Exchange Commission, and is not intended to be
	and should not be used by anyone other than these specified parties.

	August 7, 2000




© 2022 IncJournal is not affiliated with or endorsed by the U.S. Securities and Exchange Commission