SCUDDER KEMPER INVESTMENTS
Scudder Kemper Investments, Inc.
Two International Place
Boston, MA 02110-4103
617 295 1000 telephone
Management Statement Regarding Compliance With Certain Provisions
of the Investment Company Act of 1940
PricewaterhouseCoopers LLP August 4, 2000
160 Federal Street
Boston, MA 02110
We, as members of management of Farmers Investment Trust (comprised of Growth
Portfolio, Balanced Portfolio, Income Portfolio, Income with Growth Portfolio,
and Growth with Income Portfolio (the "Portfolios")) are responsible for
complying with the requirements of subsections (b) and (c) of Rule 17f-2,
Custody of Investments by Registered Management Investment Companies, of the
Investment Company Act of 1940 (as interpreted in the Response of the Office of
the Chief Counsel, Division of Investment Management, Ref. No. 92-237-CC). We
are also responsible for establishing and maintaining effective internal
controls over compliance with those requirements. We have performed evaluations
of the Portfolios' compliance with the requirements of subsections (b) and (c)
of Rule 17f-2 (as interpreted in the Response of the Office of the Chief
Counsel, Division of Investment Management, Ref. No. 92-237-CC) as of August 10,
1999, April 6, 2000 and April 30, 2000 and for the period from April 30,1999
(date of last examination) through August 10, 1999, the period from August 10,
1999 through April 6, 2000 and the period from April 6, 2000 through April 30,
2000.
Based on these evaluations, we assert that the Portfolios were in compliance
with the requirements of subsections (b) and (c) of Rule 17 f-2 of the
Investment Company Act of 1940 (as interpreted in the Response of the Office of
the Chief Counsel, Division of Investment Management, Ref. No. 92-237-CC) as of
August 10, 1999, April 6, 2000 and April 30, 2000 and for the period from April
30,1999 (date of last examination) through August 10, 1999, the period from
August 10, 1999 through April 6, 2000 and the period from April 6, 2000 through
April 30, 2000, with respect to securities reflected in the investment accounts
of the Portfolios.
Farmers Investment Trust
By:
/s/John R. Hebble
--------------------------------
John R. Hebble
Treasurer
/s/Caroline Pearson
--------------------------------
Caroline Pearson
Assistant Secretary
<PAGE>
<TABLE>
<S> <C>
UNITED STATES
SECURITIES AND EXCHANGE
COMMISSION ----------------------------------
Washington, D.C. 20549 OMB APPROVAL
----------------------------------
OMB Number: 3235-0360
FORM N-17f-2 Expires
Estimated average burden
Certificate of Accounting of Securities and Similar hours per response...0.05
Investments in the Custody of ----------------------------------
Management Investment Companies
Pursuant to Rule 17f-2 [17 CFR 270.17f-2]
------------------------------------------------------------------------------------------------------------------------------------
1. Investment Company Act File Number: Date Examination completed:
811-09085 August 10, 1999, April 6, 2000, April 30, 2000
------------------------------------------------------------------------------------------------------------------------------------
2. State identification Number:
-------------------------------------------------------------------------------------------------------------------------------
AL AK AZ AR CA CO
-------------------------------------------------------------------------------------------------------------------------------
CT DE DC FL GA HI
-------------------------------------------------------------------------------------------------------------------------------
ID IL IN IA KS KY
-------------------------------------------------------------------------------------------------------------------------------
LA ME MD MA MI MN
-------------------------------------------------------------------------------------------------------------------------------
MS MO MT NE NV NH
-------------------------------------------------------------------------------------------------------------------------------
NJ NM NY NC ND OH
-------------------------------------------------------------------------------------------------------------------------------
OK OR PA RI SC SD
-------------------------------------------------------------------------------------------------------------------------------
TN TX UT VT VA WA
-------------------------------------------------------------------------------------------------------------------------------
WV WI WY Puerto Rico
-------------------------------------------------------------------------------------------------------------------------------
Other (specify):
------------------------------------------------------------------------------------------------------------------------------------
3. Exact name of investment company as specified in registration statement:
Farmers Investment Trust
------------------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------------------
4. Address of principal executive office (number, street, city, state, zip code):
Two International Place, Boston MA, 02110
------------------------------------------------------------------------------------------------------------------------------------
</TABLE>
INSTRUCTIONS
This Form must be completed by 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 Commission's
principal office in Washington, D.C., one copy with the regional office for
the region in which the investment company's principal business operations
are conducted, and one copy with the appropriate state administrator(s), if
applicable.
THIS FORM MUST BE GIVEN TO YOUR INDEPENDENT PUBLIC ACCOUNTANT
