<PAGE> PAGE 1
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007 C030100 N
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007 C020200 PIN OAK AGGRESSIVE STOCK PORTFOLIO
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010 A00AA01 SEI INVESTMENTS MUTUAL FUNDS SERVICES
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010 C03AA01 19456
010 C04AA01 1658
013 A00AA01 ARTHUR ANDERSON & CO.
013 B01AA01 PHILADELPHIA
013 B02AA01 PA
013 B03AA01 19103
015 A00AA01 FIRST UNION NATIONAL BANK
015 B00AA01 C
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<PAGE> PAGE 2
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<PAGE> PAGE 3
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<PAGE> PAGE 4
053 B00AA00 Y
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<PAGE> PAGE 5
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<PAGE> PAGE 6
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<PAGE> PAGE 7
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<PAGE> PAGE 8
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<PAGE> PAGE 9
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<PAGE> PAGE 10
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<PAGE> PAGE 11
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SIGNATURE BOB DELLACROCE
TITLE CONTROLLER
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REPORT OF INDEPENDENT PUBLIC ACCOUNTANTS
To the Board of Trustees of
Oak Associates Funds:
In planning and performing our audit of the financial statements
of Oak Associates Funds for the year ended October 31, 1998, we
considered its internal control, including procedures 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, not to provide assurance on internal control.
The management of the Oak Associates 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 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,
including procedures for safeguarding securities, that we consider
to be material weaknesses as defined above as of October 31, 1998.
This report is intended solely for the information and use of
management, the Board of Trustees, and the Securities and
Exchange Commission.
ARTHUR ANDERSEN LLP
Philadelphia, Pennsylvania
November 20, 1998