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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): January 15, 1997
The Future Fund
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(Exact name of Registrant as Specified in its Charter)
Illinois 0-9202 36-3033727
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(State or Other (Commission I.R.S. Employer
Jurisdiction File Number) Identification No.)
of Incorporation)
Registrant's telephone number, including area code: (312) 663-7500
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 January 15, 1997, Heinold Asset Management, Inc., the general partner
of The Future Fund (the "Partnership"), upon the recommendation of management
and the approval of its Board of Directors, dismissed Deloitte & Touche LLP and
engaged Ernst & Young LLP as the principal accountants of the Partnership for
the year ended October 31, 1997.
The report of Deloitte & Touche LLP on the financial statements for the
past two years did not contain an adverse opinion or a disclaimer of opinion
and was not qualified or modified as to uncertainty, audit scope, accounting
principles or any other matter.
In connection with the audit of the Statement of Financial Condition for
the fiscal years ended October 31, 1995 and October 31, 1996 and the period
October 31, 1996 through December 31, 1996, there have been no disagreements
with Deloitte & Touche LLP, on any matter of accounting principles or
practices, financial statement disclosures or auditing scope or procedures
which, if not resolved to its satisfaction, would have caused it to make
reference to the subject matter in connection with its report.
A letter from Deloitte & Touche LLP dated January 15, 1997 addressed to
the Commission is filed as an Exhibit to this Report.
There have been no "reportable events" as such term is defined in Item 304
(a)(1)(v) of Regulation S-K during the two most recent fiscal years and any
interim period.
ITEM 7. FINANCIAL STATEMENTS, PRO FORMA FINANCIAL INFORMATION AND EXHIBITS.
(c) Exhibits.
16 A copy of the letter dated January 15, 1997, from Deloitte & Touche
LLP, addressed to the Securities and Exchange Commission.
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SIGNATURES
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.
Dated: January 15, 1997
THE FUTURE FUND
By: HEINOLD ASSET MANAGEMENT, INC.
General Partner of the Registrant
By: /s/ Daniel E. Ragen
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Daniel E. Ragen
President
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January 15, 1997
Securities and Exchange Commission
Mail Stop 9-5
450 5th Street, N.W.
Washington, D.C. 20549
Dear Sirs/Madams:
We have read and agree with the comments in Item 4 of Form 8-K of The
Future Fund dated January 15, 1997.
Yours truly,
/s/ Deloitte & Touche LLP
cc: Mr. Lee E. Meyer
Chief Financial Officer
Heinold Asset Management, Inc.
440 South LaSalle Street, 20th Floor
Chicago, IL 60605
