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SIGNATURE TOM CARTER
TITLE ASST. TREASURER
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<PER-SHARE-DIVIDEND> 0
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 18.01
<EXPENSE-RATIO> 1.50
</TABLE>
To the Shareholders and Board of Directors
Stonebridge Funds Trust
In planning and performing our audit of the financial statements
of the Stonebridge Funds Trust for the year ended October 31,
1999, 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 to comply with the requirements of Form
N-SAR, not to provide assurance on internal control.
The management of Stonebridge Funds 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, error or fraud
may occur and not be detected. Also, projection of any eval-
uation 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 deteri-
orate.
Our consideration of internal control would not necessarily
disclose all matters in the 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 errors or fraud in
amounts that would be material in relation to the financial state-
ments 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 involv-
ing internal control and its operations, including controls for safe-
guarding securities, that we consider to be material weaknesses,
as defined above, as of October 31, 1999.
This report is intended solely for the information and use of
management, the Board of Directors of Stonebridge Funds Trust,
and the Securities and Exchange Commission.
HEIN + ASSOCIATES LLP
Denver, Colorado
December 15, 1999
Stonebridge\OPINIOND99
