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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
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)
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1. Investment Company Act File Number: Date examination completed:
811-0-9987 February 28, 1999
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2. State identification Number:
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AL AK AZ AR CA CO
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CT DE DC FL GA HI
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ID IL IN IA KS KY
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LA ME MD MA MI MN
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MS MO MT NE NV NH
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NJ NM NY NC ND OH
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OK OR PA RI SC SD
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TN TX UT VT VA WA
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WV WI WY PUERTO RICO
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Other (specify):
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3. Exact name of investment company as specified in registration statement:
GLOBUS GROWTH GROUP, INC.
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4. Address of principal executive office: (number, street, city, state, zip code)
44 WEST 24TH STREET, NEW YORK, NY 10010
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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
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Richard A. Eisner & Company, LLP
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Accountants and Consultants
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INDEPENDENT AUDITORS' REPORT PURSUANT TO RULE 17f-2
UNDER THE INVESTMENT COMPANY ACT OF 1940
Board of Directors
Globus Growth Group, Inc.
New York, New York
We have examined the investment accounts of Globus Growth Group, Inc. shown by
their books and records as of February 28, 1999 and for the period from the date
of our last similar examination on October 2, 1998 to February 28, 1999. It is
understood that this report is solely for the use of management and the
Securities and Exchange Commission and should not be used for any other purpose.
Securities owned as of the close of business on February 28, 1999 shown by the
books and records audited by us, which we counted and inspected, were located in
the vault of Citibank, 717 Avenue of the Americas, New York, New York 10010,
except for securities as to which we obtained confirmation from the custodians.
Because the above procedures do not constitute an audit made in accordance with
generally accepted auditing standards, we do not express an opinion on the
investment accounts referred to above. In connection with the procedures
referred to above, no matters came to our attention that caused us to believe
that the investment accounts should be adjusted. Had we performed additional
procedures or had we audited the financial statements in accordance with
generally accepted auditing standards, matters might have come to our attention
that would have been reported to you. This report relates only to the investment
accounts referred to above and does not extend to any financial statements of
Globus Growth Group, Inc., taken as a whole.
/s/ Richard A. Eisner & Company, LLP
New York, New York
February 28, 1999
575 Madison Avenue, New York, NY 10022-2597
Member of Summit International Associates, Inc.
New York, NY o Melville, NY o Florham Park, NJ