SECURITIES AND EXCHANGE COMMISSION
Washington, D.C.
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): October 15, 1996
The Collective Investment Funds for which UMB Bank, N.A. is Trustee
(Exact name of registrant as specified in its charter)
Not Applicable 2-58109 Not Applicable
(State or other jurisdiction (Commission (IRS Employer
of incorporation) File Number) Identification No.)
1010 Grand Boulevard, Kansas City, Missouri 64106
(Address of principal executive offices)
Registrant's telephone number, including area code: (816) 860-7000
Not Applicable
(Former name or former address, if changed since last report.)
<PAGE>
Item 1. Changes in Control of Registrant.
Not Applicable.
Item 2. Acquisition or Disposition of Assets.
Not Applicable.
Item 3. Bankruptcy or Receivership.
Not Applicable.
Item 4. Changes in Registrant's Certifying Accountant.
The Registrant's annual financial statements have been
audited by Ernst & Young LLP (the "Prior Auditors")
during the two most recent fiscal years. In each of
those years, the Prior Auditors issued an unqualified
opinion on the Registrant's financial statements and
the Trustee has not had any disagreements with the
Prior Auditors on any accounting principles or
practices, financial statement disclosure or auditing
scope or procedures. On November 7, 1996, the Trustee
dismissed the Prior Auditors. The Policy Committee of
the Trustee, the committee that oversees such matters,
approved the dismissal.
The Trustee retained George S. Olive & Co. ("New
Auditors") on October 15, 1996 to audit the
Registrant's financial statements. During the
Registrant's two most recent fiscal years and the
subsequent interim period prior to the engagement of
the New Auditors, the Trustee did not consult the New
Auditors regarding: (i) the application of accounting
principles to a specified transaction; (ii) the type of
audit opinion that might be rendered on the
Registrant's financial statements; or (iii) any matter
that was either the subject of a disagreement or a
reportable event (both as defined in Item 304 of
Regulation S-K).
Item 5. Other Events.
Not Applicable.
Item 6. Resignations of Registrant's Directors.
Not Applicable.
Item 7. Financial Statements and Exhibits.
(16) Letter re Change in Certifying Accountants is
attached hereto as Exhibit 16.
Item 8. Change in Fiscal Year.
Not Applicable.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act
of 1934, the registrant has duly caused this report to be singed
on its behalf by the undersigned hereunto duly authorized.
THE COLLECTIVE INVESTMENT FUNDS
FOR WHICH UMB BANK, N.A. IS TRUSTEE
(Registrant)
Date: November 11, 1996 /s/E. Frank Ware
[ERNST & YOUNG LLP LETTERHEAD]
November 15, 1996
Securities and Exchange Commission
450 5th Street, N.W.
Washington, D.C. 20549
Gentlemen:
We have read Item 4 on Form 8-K dated November 11, of UMB
Bank, N.A. as Trustee of the Collective Investment Trusts and are
in agreement with the statements contained in the first paragraph
on page 2 therein. We have no basis to agree or disagree with
the other statements of the registrant contained therein.
Very truly yours,
/s/ Ernst & Young LLP
