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SIGNATURE DAVID LEE
TITLE PRESIDENT
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<TABLE> <S> <C>
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<NAME> FIRST AMERICAN FUNDS
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<NAME> FIRST AMERICAN FUNDS
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<NAME> GOVERNMENT OBLIGATION CT
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<MULTIPLIER> 1,000
<S> <C>
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Independent Auditors' Report on Internal Accounting Control
The Board of Directors and Shareholders
First American Funds, Inc.:
In planning and performing our audits of the financial statements
of Prime Obligations Fund, Government Obligations Fund, and
Treasury Obligations Fund (funds within First American Funds, Inc.)
for the year ended September 30, 1997, we considered their internal
control, including control activities for safeguarding securities, in
order to determine our auditing procedures for the purpose of
expressing our opinions on the financial statements and to comply
with the requirements of Form N-SAR, not to provide assurance
on internal control.
The management of First American Funds, Inc. 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 internal control
activities. Generally, control activities 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 control activities
include the safeguarding of assets against unauthorized acquisition,
use, or disposition.
Because of inherent limitations in internal control, errors or
irregularities 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 any specific internal control components does
not reduce to a relatively low level the risk that errors or irregularities
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, including control activities for safeguarding
securities, that we consider to be material weaknesses as defined
above as of September 30, 1997.
This report is intended solely for the use of management and the
Securities and Exchange Commission.
KPMG Peat Marwick LLP
Minneapolis, Minnesota
November 7, 1997
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<NAME> FIRST AMERICAN FUNDS
<SERIES>
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<S> <C>
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</TABLE>
