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SIGNATURE JON KIEKHOFER
TITLE ADMINISTRATOR
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
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<CIK> 0001069651
<NAME> LA CROSSE FUNDS, INC.
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<NAME> LA CROSSE LARGE CAP STOCK FUND
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REPORT OF INDEPENDENT PUBLIC
ACCOUNTANTS
To the Board of Directors of LaCrosse Funds, Inc.:
In planning and performing our audit of the
financial statements of LaCrosse Funds, Inc. (the
Company, a Wisconsin corporation, which
includes the LaCrosse Large Cap Stock Fund) for
the period from inception, which commenced after
the close of business on December 31, 1998 to
October 31, 1999, we considered their 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, not
to provide assurance on internal control.
The management of the Company 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 entitys 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 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 internal control, including controls for
safeguarding securities that we consider to be
material weaknesses as defined above as of October
31, 1999.
This report is intended solely for the information
and use of management and the Securities and
Exchange Commission.
AR
THUR ANDERSEN LLP
Milwaukee, Wisconsin
November 19, 1999
Exhibit to Accompany
Item 77J (b)
Form N-SAR
La Crosse Funds
(the Funds)
According to the provisions of Statement of
Position 93 - 2 (SOP 93 - 2) Determination,
Disclosure and Financial Statement Presentation of
Income, Capital Gain and Return of Capital
Distributions by Investment Companies, the Funds
are required to report the accumulated net
investment income (loss) and accumulated net
capital gain (loss) accounts to approximate amounts
available for future distributions on a tax basis (or
to offset future realized capital gains). Accordingly,
at October 31, 1999, in the La Crosse Large Cap
Stock Fund (the Fund) an entry was recorded to
undistributed net investment income to reduce paid
in capital by $4,695.
This reclassification has no impact on the net assets
of the Fund and it is designed to present the Funds
accumulated net realized income and gain accounts
on a tax basis.
