Report of Independent Accountants
To the Board of Directors of Deutsche Banc
Alex. Brown
Cash Reserve Fund, Inc. and Shareholders of the
Prime,
Treasury and Tax-Free Series:
In planning and performing our audits of the
financial statements of the Prime, Treasury and
Tax-Free Series (the three portfolios constituting
the Deutsche Banc Alex. Brown Cash Reserve
Fund, Inc.) (the Funds) for the year ended
March 31, 2000, we considered their internal
control, including control activities for
safeguarding securities, in order to determine
our auditing procedures for the purpose of
expressing our opinion on the financial
statements and to comply with the requirements
of Form N-SAR, not to provide assurance on
internal control.
The management of the Funds is responsible for
establishing and maintaining internal control. In
fulfilling this responsibility, estimates and
judgments by management are required to assess
the expected benefits and related costs of
controls. Generally, controls that are relevant to
an audit pertain to the entity's objective of
preparing financial statements for external
purposes that are fairly presented in conformity
with accounting principles generally accepted in
the United States. Those controls include the
safeguarding of assets against unauthorized
acquisition, use or disposition.
Because of inherent limitations in internal
control, errors or fraud may occur and not be
detected. Also, projection of any evaluation of
internal control to future periods is subject to the
risk that controls may become inadequate
because of changes in conditions or that the
effectiveness of their design and operation may
deteriorate.
Our consideration of internal control would not
necessarily disclose all matters in internal
control that might be material weaknesses under
standards established by the American Institute
of Certified Public Accountants. A material
weakness is a condition in which the design or
operation of one or more of the internal control
components does not reduce to a relatively low
level the risk that misstatements caused by error
or fraud in amounts that would be material in
relation to the financial statements being audited
may occur and not be detected within a timely
period by employees in the normal course of
performing their assigned functions. However,
we noted no matters involving internal control
and its operation, including controls for
safeguarding securities, that we consider to be
material weaknesses as defined above as of
March 31, 2000.
This report is intended solely for the information
and use of management, the Board of Directors
of Deutsche Banc Alex. Brown Cash Reserve
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.
PricewaterhouseCoopers LLP
Baltimore, Maryland
May 9, 2000
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