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<NUMBER-OF-SHARES-REDEEMED> (7006837)
<SHARES-REINVESTED> 14097
<NET-CHANGE-IN-ASSETS> 123884
<ACCUMULATED-NII-PRIOR> 55
<ACCUMULATED-GAINS-PRIOR> (105)
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> (334)
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> (6767)
<AVERAGE-NET-ASSETS> 933760
<PER-SHARE-NAV-BEGIN> 1.00
<PER-SHARE-NII> .05
<PER-SHARE-GAIN-APPREC> 0
<PER-SHARE-DIVIDEND> (.05)
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 1.00
<EXPENSE-RATIO> .44
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
July 21, 1998
To the Shareholders and Trustees of
SEI Liquid Asset Trust
In planning and performing our audit of the financial statements of SEI Liquid
Asset Trust for the year ended June 30, 1998, we considered its 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 SEI Liquid Asset Trust 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 generally
accepted accounting principles. 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 it may become inadequate because of
changes in conditions or that the effectiveness of the 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 June 30, 1998.
This report is intended solely for the information and use of management
and Trustees of SEI Liquid Asset Trust and the Securities and Exchange
Commission.
PricewaterhouseCoopers LLP
