Baird, Kurtz & Dobson
City Center Square
1100 Main Street, Suite 2700
Kansas City, MO 64105-2112
816-221-6300 Fax 816-221-6380
www.bkd.com
Independent Accountants Report
To the Board of Directors of
UMB Scout Equity Index Fund, Inc.
and
the Securities and Exchange Commission:
RE: UMB Scout Equity Index Fund, Inc.
Form N-17f-2
File Number 811-09813
We have examined management's assertion about UMB SCOUT EQUITY INDEX
FUND, INC.'s (the "Company's") compliance with the requirements of
subsections (b) and (c) of Rule 17f-2 under the Investment Company Act
of 1940 (the "Act") as of June 30, 2000, included in the accompanying
Management Statement Regarding Compliance with Certain Provisions of
the Investment Company Act of 1940. Management is responsible for the
Company's compliance with those requirements. Our responsibility is
to express an opinion on management's assertion about the Company's
compliance based on our examination.
Our examination was made in accordance with standards established
by the American Institute of Certified Public Accountants and,
accordingly, included examining, on a test basis, evidence about the
Company's compliance with those requirements and performing such other
procedures as we considered necessary in the circumstances. Included
among our procedures were the following tests performed as of June 30,
2000, with respect to securities of UMB SCOUT EQUITY INDEX FUND, INC.,
without prior notice to management:
* Confirmation of all securities held by the Federal Reserve Bank
of Kansas City, The Depository Trust Company, Participants
Trust Company and Brown Brothers Harriman & Co. in book entry
form;
* Reconciliation of all such securities to the books and records
of the Company and the Custodian;
* Confirmation of all repurchase agreements with brokers/banks
and agreement of underlying collateral with custodian records.
We believe that our examination provides a reasonable basis for our
opinion. Our examination does not provide a legal determination on
the Company's compliance with specified requirements.
In our opinion, management's assertion that UMB SCOUT EQUITY INDEX
FUND, INC. was in compliance with the requirements of subsections (b)
and (c) of Rule 17f-2 of the Investment Company Act of 1940 as of June
30, 2000 with respect to securities reflected in the investment
account of the Company is fairly stated, in all material respects.
This report is intended solely for the information and use of
management of UMB SCOUT EQUITY INDEX FUND, 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.
Baird, Kurtz & Dobson
Kansas City, Missouri
September 22, 2000
Members of
Moores
Rowland
International
<PAGE>
Washington, D.C. 20549
FORM N-17f-2
Certificate of Accounting of Securities and Similar 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:
811-09813 June 30, 2000
2. State Identification Number:
AL *
AK 0003931
AZ 67045
AR 00-
M0325-
01
CA *
CO
IC2000-18-580
CT 1007101
DE *
DC
FL
GA SC-40734
HI *
ID 52167
IL 0045370
IN 00-
0346IC
IA I-46968
KS
2000S000
1251
KY M38732
LA 67352
ME MF0-
12423
MD
SM200009
01
MA *
MI 233314
MN R-
42778.
1
MS MF00-03-
313
MO *
MT 43387
NE *
NV *
NH *
NJ
NM 304414
NY *
NC *
ND AB353
OH *
OK SE-
2014942
OR 2000-565
PA 00-03-
120MF
RI *
SC 12956
SD 21868
TN *
TX C62240
UT 006-
7267-37
VT
3/31/00
-05
VA 2894
WA C-64716-
e
WV MF 37975
WI 386282-
03
WY 21656
PUERTO RICO S-22922
Other (specify):
*Indicates Fund is registered in state but state does not issue
identification numbers
Securities in the UMB Scout Funds Combined Prospectus included on
one Notice Filing (Balanced Fund, Bond Fund, Capital Preservation
Fund, Kansas Tax-Exempt Bond Fund, Money Market Fund, Regional
Fund, Stock Fund, Stock Select Fund, Tax-Free Money Market Fund,
Worldwide Fund, Worldwide Select Fund, Technology Fund, Equity
Index Fund)
3. Exact name of investment company as specified in registration
statement:
UMB Scout Equity Index Fund, Inc.
4. Address of principal executive office: (number, street, city, state,
zip code)
700 Karnes Blvd, BMA Tower, Kansas City, Missouri 64108
INSTRUCTIONS
This Form must be completed by the 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
Note: The estimated average burden hours are made solely for purposes of the
Paperwork Reduction Act, and are not derived from a comprehensive or even a
representative survey or study of the costs of SEC rules and forms. Direct
any comments concerning the accuracy of the estimated average burden hours
for compliance with SEC rules and forms to Kenneth A. Fogash, Deputy
Executive Director, U.S. Securities and Exchange Commission, 450 Fifth
Street, N.W., Washington, D.C. 20549 and Gary Waxman, Clearance Officer,
Office of Management and Budget, Room 3208 New Executive Office Building,
Washington, D.C. 20503.
<PAGE>
Management Statement Regarding Compliance with
Certain Provisions of the Investment Company Act of 1940
We, as members of management of UMB Scout Equity Index Fund, Inc. (the
"Company"), 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. We are also responsible for establishing and
maintaining effective internal controls over compliance with those
requirements. We have performed an evaluation of the Company's
compliance with the requirements of subsections (b) and (c) of Rule
17f-2 as of June 30, 2000 and from January 31, 2000 through June 30,
2000.
Based on this evaluation, we assert that the Company was in
compliance with the requirements of subsections (b) and (c) of Rule
17f-2 of the Investment Company Act of 1940 as of June 30, 2000 and
from January 31, 2000 through June 30, 2000, with respect to
securities reflected in the investment account of the Company.
UMB SCOUT EQUITY INDEX FUND, INC.
By /s/Ralph R. Santoro
Ralph R. Santoro, Senior Vice President
<PAGE>
Baird, Kurtz & Dobson
City Center Square
1100 Main Street, Suite 2700
Kansas City, MO 64105-2112
816-221-6300 Fax 816-221-6380
www.bkd.com
Independent Accountants Report
To the Board of Directors of
UMB Scout Technology Fund, Inc.
and
the Securities and Exchange Commission:
RE: UMB Scout Technology Fund, Inc.
Form N-17f-2
File Number 811-09813
We have examined management's assertion about UMB SCOUT TECHNOLOGY
FUND, INC.'s (the "Company's") compliance with the requirements of
subsections (b) and (c) of Rule 17f-2 under the Investment Company Act
of 1940 (the "Act") as of June 30, 2000, included in the accompanying
Management Statement Regarding Compliance with Certain Provisions of
the Investment Company Act of 1940. Management is responsible for the
Company's compliance with those requirements. Our responsibility is
to express an opinion on management's assertion about the Company's
compliance based on our examination.
Our examination was made in accordance with standards established
by the American Institute of Certified Public Accountants and,
accordingly, included examining, on a test basis, evidence about the
Company's compliance with those requirements and performing such other
procedures as we considered necessary in the circumstances. Included
among our procedures were the following tests performed as of June 30,
2000, with respect to securities of UMB SCOUT TECHNOLOGY FUND, INC.,
without prior notice to management:
* Confirmation of all securities held by the Federal Reserve Bank
of Kansas City, The Depository Trust Company, Participants
Trust Company and Brown Brothers Harriman & Co. in book entry
form;
* Reconciliation of all such securities to the books and records
of the Company and the Custodian;
* Confirmation of all repurchase agreements with brokers/banks
and agreement of underlying collateral with custodian records.
We believe that our examination provides a reasonable basis for our
opinion. Our examination does not provide a legal determination on
the Company's compliance with specified requirements.
In our opinion, management's assertion that UMB SCOUT TECHNOLOGY
FUND, INC. was in compliance with the requirements of subsections (b)
and (c) of Rule 17f-2 of the Investment Company Act of 1940 as of June
30, 2000 with respect to securities reflected in the investment
account of the Company is fairly stated, in all material respects.
This report is intended solely for the information and use of
management of UMB SCOUT TECHNOLOGY FUND, 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.
Kansas City, Missouri
September 22, 2000
Members of
Moores
Rowland
International
<PAGE>
Washington, D.C. 20549
FORM N-17f-2
Certificate of Accounting of Securities and Similar 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:
811-09813 June 30, 2000
2. State Identification Number:
AL *
AK 0003932
AZ 67046
AR 00-
M0325-
02
CA *
CO
IC2000-18-580
CT 1007102
DE *
DC
FL
GA SC-40734
HI *
ID 52168
IL 0045370
IN 00-
0346IC
IA I-46969
KS
2000S000
1252
KY M38731
LA 67353
ME MFO-
12422
MD
SM200009
00
MA *
MI 233313
MN R-
42778.
1
MS MF-00-
03-312
MO *
MT 43388
NE *
NV *
NH *
NJ
NM 304415
NY *
NC *
ND AB354
OH *
OK SE-
2014943
OR *
PA 00-03-
120MF
RI *
SC 12955
SD 21867
TN *
TX C62241
UT 0067267-
50
VT
3/31/00
-06
VA 2894
WA C-64715-
e
WV MF37974
WI 386358-
03
WY 21645
PUERTO RICO S-22921
Other (specify):
*Indicates Fund is registered in state but state does not issue
identification numbers
Securities in the UMB Scout Funds Combined Prospectus included on
one Notice Filing (Balanced Fund, Bond Fund, Capital Preservation
Fund, Kansas Tax-Exempt Bond Fund, Money Market Fund, Regional
Fund, Stock Fund, Stock Select Fund, Tax-Free Money Market Fund,
Worldwide Fund, Worldwide Select Fund, Technology Fund, Equity
Index Fund)
3. Exact name of investment company as specified in registration
statement:
UMB Scout Technology Fund, Inc.
4. Address of principal executive office: (number, street, city, state,
zip code)
700 Karnes Blvd, BMA Tower, Kansas City, Missouri 64108
INSTRUCTIONS
This Form must be completed by the 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
Note: The estimated average burden hours are made solely for purposes of the
Paperwork Reduction Act, and are not derived from a comprehensive or even a
representative survey or study of the costs of SEC rules and forms. Direct
any comments concerning the accuracy of the estimated average burden hours
for compliance with SEC rules and forms to Kenneth A. Fogash, Deputy
Executive Director, U.S. Securities and Exchange Commission, 450 Fifth
Street, N.W., Washington, D.C. 20549 and Gary Waxman, Clearance Officer,
Office of Management and Budget, Room 3208 New Executive Office Building,
Washington, D.C. 20503.
<PAGE>
Management Statement Regarding Compliance with
Certain Provisions of the Investment Company Act of 1940
We, as members of management of UMB Scout Technology Fund, Inc.
"Company"), 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. We are also responsible for establishing and
maintaining effective internal controls over compliance with those
requirements. We have performed an evaluation of the Company's
compliance with the requirements of subsections (b) and (c) of Rule
17f-2 as of June 30, 2000 and from January 31, 2000 through June 30,
2000.
Based on this evaluation, we assert that the Company was in
compliance with the requirements of subsections (b) and (c) of Rule
17f-2 of the Investment Company Act of 1940 as of June 30, 2000 and
from January 31, 2000 through June 30, 2000, with respect to
securities reflected in the investment account of the Company.
UMB SCOUT TECHNOLOGY FUND, INC.
By /s/Ralph R. Santoro
Ralph R. Santoro, Senior Vice President
