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SIGNATURE THEODORE G. BRADPIECE
TITLE ASSISTANT TREASURER
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000316572
<NAME> THE MATTERHORN GROWTH FUND, INC.
<MULTIPLIER> 1
<CURRENCY> US DOLLARS
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> JUN-30-2000
<PERIOD-START> JUL-01-1999
<PERIOD-END> DEC-31-1999
<EXCHANGE-RATE> 1
<INVESTMENTS-AT-COST> 6898987
<INVESTMENTS-AT-VALUE> 9415182
<RECEIVABLES> 172869
<ASSETS-OTHER> 2465
<OTHER-ITEMS-ASSETS> 7624
<TOTAL-ASSETS> 9598140
<PAYABLE-FOR-SECURITIES> 109288
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 63212
<TOTAL-LIABILITIES> 172500
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 6895717
<SHARES-COMMON-STOCK> 1211384
<SHARES-COMMON-PRIOR> 1193534
<ACCUMULATED-NII-CURRENT> (27077)
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 40805
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 2516195
<NET-ASSETS> 9425640
<DIVIDEND-INCOME> 51857
<INTEREST-INCOME> 6666
<OTHER-INCOME> 0
<EXPENSES-NET> 155259
<NET-INVESTMENT-INCOME> (96736)
<REALIZED-GAINS-CURRENT> 498036
<APPREC-INCREASE-CURRENT> 93764
<NET-CHANGE-FROM-OPS> 495064
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> 387572
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 25956
<NUMBER-OF-SHARES-REDEEMED> 57492
<SHARES-REINVESTED> 49386
<NET-CHANGE-IN-ASSETS> 234114
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 45579
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<GROSS-EXPENSE> 155259
<AVERAGE-NET-ASSETS> 9067626
<PER-SHARE-NAV-BEGIN> 7.70
<PER-SHARE-NII> (0.02)
<PER-SHARE-GAIN-APPREC> 0.43
<PER-SHARE-DIVIDEND> 0
<PER-SHARE-DISTRIBUTIONS> 0.33
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</TABLE>
SUB-ITEM 77K: Changes in registrant's certifying
accountant.
McGladrey & Pullen LLP were previously the
principal accountants for the Matterhorn Growth
Fund. The decision to change accountants was
resolved by the board of directors in the meeting on
September 22, 1999 and Tait, Weller & Baker were
appointed principal accountants. McGladrey &
Pullen LLP had served as principal accountants for
each of the two years in the period ended June 30,
1999. The audit report of McGladrey & Pullen LLP
on the financial statements of the Matterhorn Growth
Fund for each of the two years in the period ended
June 30, 1999 did not contain any adverse opinion or
disclaimer of opinion, nor were they qualified or
modified as to uncertainty, audit scope, or accounting
principles. In connection with the audits of each of
the two years in the period ended June 30, 1999 and
the subsequent interim period through January 20,
2000, there were no disagreements with McGladrey
& Pullen LLP on any matter of accounting
principles or practices, financial statement disclosure,
or auditing scope or procedures, which disagreements
if not resolved to their satisfaction would have caused
them to make reference in connection with their
opinion to the subject matter of the disagreement.
The Registrant represents that it had not consulted
with Tait, Weller & Baker at any time prior to their
engagement with respect to the application of
accounting principles to a specified transaction, either
completed or proposed: or the type of audit opinion
that might be rendered on the Registrant's financial
statements.
Securities and Exchange Commission
Judiciary Plaza
450 Fifth Street
Washington D.C. 20549
We were previously the independent
accountants for the Matterhorn Growth Fund,
Inc. We have read their notification of change
in independent accountants made in Item 77K
of Form N-SAR. We agree with the statements
in the filing.
McGladrey & Pullen, LLP
New York, New York
Feburary 18, 2000
