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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF
THE SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of earliest event reported) August 12, 1999
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United Venture Capital Fund, Inc.
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(Exact name of Registrant as specified in charter)
Colorado
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(State or other jurisdiction of incorporation)
0-24029 84-1454125
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(Commission File Number) (IRS Employee Identification No.)
5619 DTC Parkway, 11th Floor, Englewood, CO 80111
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code (303) 267-0038
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Not Applicable
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(Former name or former address, if changed since last report)
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ITEM 4. CHANGES IN REGISTRANT'S CERTIFYING ACCOUNTANT.
On August 12, 1999, the Registrant replaced Janet Loss, C.P.A., P.C.
("Ms. Loss"), with Ernst & Young LLP ("E&Y) as its independent auditor for
the fiscal year ended March 31, 2000. The Registrant's Board of Directors
asked for bids from independent auditors earlier this year and Ms. Loss
decided not to submit a bid. Ms. Loss' report on the Registrant's financial
statements for the fiscal year ended March 31, 1999 and for the period from
June 17, 1997 (the Registrant's inception) through March 31, 1998 did not
contain an adverse opinion or a disclaimer of opinion, nor was the report
modified as to uncertainty, audit scope or accounting principles. From July
17, 1999 through March 31,1999 and during the subsequent interim period
preceding the date of the change in independent auditor, there were no
disagreements with Ms. Loss on any matter of accounting principles or
practices, financial statement disclosure or auditing scope or procedure. Ms.
Loss has furnished the Company with a letter addressed to the Securities and
Exchange Commission stating that Ms. Loss agrees with the statements above. A
copy of that letter is attached to this Current Report on Form 8-K as Exhibit
16.1. The decision to hire Ernst & Young LLP was approved by the Registrant's
Board of Directors.
During the past two fiscal years and the subsequent interim period
preceding the date of the change in independent auditor, the Registrant has not
consulted Ernst & Young LLP regarding: (i) the application of accounting
principles to a completed or proposed transaction; or (ii) the type of audit
opinion that might be rendered on the Registrant's financial statements.
ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS.
List below the financial statements, pro forma financial information
and exhibits, if any, filed as a part of this report.
(a) Financial Statements of Businesses Acquired:
Not required.
(b) Pro Forma Financial Information:
Not required.
(c) Exhibits:
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Exhibit Number Description
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<S> <C>
16.1 Letter from Janet Loss, C.P.A., P.C.
regarding Change in Certifying
Accountant.
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SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934,
the Registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
United Venture Capital Fund, Inc.
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(Registrant)
Date: August 17, 1999 By: /s/ ROBERT HAMPE
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Robert Hampe
Chief Financial Officer and Director
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Exhibit 16.1
[JANET LOSS, C.P.A., P.C. LETTERHEAD]
August 17, 1999
Securities and Exchange Commission
450 Fifth Street, N.W.
Washington, DC 20549
Ladies and Gentlemen:
I was previously the principal accountant and independent auditor for
United Venture Capital Fund, Inc. (the "Registrant") and on May 12, 1999, I
reported on the consolidated financial statements of the Registrant as of and
for the two years ended March 31, 1999.
On August 12, 1999, the Registrant hired Ernst & Young LLP as its
principal accountants. I have read and agree with the Registrant's statements
under the caption "Item 4. Changes in Registrant's Certifying Accountant" in
its Current Report on Form 8-K dated August 17, 1999.
Very truly yours,
/s/ Janet Loss, C.P.A., P.C.
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Janet Loss, C.P.A., P.C.
