Independent Auditors' Report
To the Board of Directors of
Scout Money Market Fund, Inc. - Prime Portfolio
and
the Securities and Exchange Commission:
RE: Scout Money Market Fund, Inc. - Prime Portfolio
Form N-17f-2
File Number 811-3528
We have examined management's assertion about SCOUT MONEY MARKET FUND, INC. -
PRIME PORTFOLIO's (the "Company's") compliance with certain rules under the
Investment Company Act of 1940 (the "Act") as of December 31, 1997, and for
the period June 30, 1997 through December 31, 1997, included in the
accompanying Management Statement Regarding Compliance with Certain Provisions
of the Investment Company Act of 1940. Management is responsible for the
Company's compliance with those requirements. Our responsibility is to
express an opinion on management's assertion about the Company's compliance
based on our examination.
Our examination was made in accordance with standards established by the
American Institute of Certified Public Accountants and, accordingly, included
examining, on a test basis, evidence about the Company's compliance with those
requirements and performing such other procedures as we considered necessary
in the circumstances. Included among our procedures were the following tests
performed as of December 31, 1997, and for the period June 30, 1997 through
December 31, 1997, with respect to securities of SCOUT MONEY MARKET FUND, INC.
- - PRIME PORTFOLIO, without prior notice to management:
Securities owned as of the close of business on December 31, 1997, shown
by the books and records were verified with the custodian, UMB Bank, n.a.,
which verification includes confirmation of securities with the Depository
Trust Company and the Federal Reserve Bank, which use the book entry method of
accounting for securities;
Securities purchased/sold but not received/delivered, hypothecated,
pledged, placed in escrow, or out for transfer with brokers, pledgees and/or
transfer agents were verified to supporting data where the securities were
in-transit resulting from purchase or sale transactions;
Reconciliation of all such securities to the books and records of the
Company and the Custodian.
We believe that our examination provides a reasonable basis for our opinion.
Our examination does not provide a legal determination on the Company's
compliance with specified requirements.
In our opinion, management's assertion that Scout Money Market Fund, Inc. -
Prime Portfolio was in compliance with certain provisions of Rule 17f-2 of the
Investment Company Act of 1940 as of December 31, 1997, is fairly stated, in
all material respects.
This report is intended solely for the information and use of management of
Scout Money Market Fund, Inc. - Prime Portfolio and the Securities and
Exchange Commission and should not be used for any other purpose.
Kansas City, Missouri
March 17, 1998
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]
1. Investment Company Act File Number: Date examination completed:
811-3528 December 31, 1997
2. State Identification Number:
AL
AK 98 02175
AZ S-0033495-QUAL
AR 85-M1012-01
CA 504 5889
CO IC-91-02-935
CT SI45569
DE
DC *
FL *
GA 56-002877
HI
ID 48843
IL 9738154
IN 85-0335 IC
IA I-26311
KS 83S0000723
KY M29406
LA 54080**
ME MF98-6736
MD SM980022
MA 96-6996-MR
MI 227110
MN R-28088.1
MS MF-98-01-008
MO Q-MT-1282
MT 33721
NE 015641
NV
NH
NJ *
NM 980245
NY S 27 53 20
NC
ND 62476
OH 10277
OK I-20997
OR 98-0080**
PA 87-08-113MF
RI
SC MF11227
SD 10199
TN RM98-0282
TX C-39437
UT B00039221**
VT 1/16/98-18
VA 2609
WA C-57913
WV MF-24127
WI 341388-03
WY 20516
PUERTO RICO
Other (specify):
* Indicates Fund is registered in state but state does not issue
identification numbers
**Securities in the Scout Funds Combined Prospectus included on one Notice
Filing (Balanced Fund, Bond Fund, Money Market Fund, Regional Fund, Stock
Fund, Tax-Free Money Market Fund, Worldwide Fund)
3. Exact name of investment company as specified in registration statement:
Scout Money Market Fund, Inc. - Prime Portfolio
4. Address of principal executive office: (number, street, city, state, zip
code)
700 Karnes Boulevard, BMA Tower, Kansas City, Missouri 64108
INSTRUCTIONS
This Form must be completed by the 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
Note: The estimated average burden hours are made solely for purposes of the
Paperwork Reduction Act, and are not derived from a comprehensive or even a
representative survey or study of the costs of SEC rules and forms. Direct
any comments concerning the accuracy of the estimated average burden hours for
compliance with SEC rules and forms to Kenneth A. Fogash, Deputy Executive
Director, U.S. Securities and Exchange Commission, 450 Fifth Street, N.W.,
Washington, D.C. 20549 and Gary Waxman, Clearance Officer, Office of
Management and Budget, Room 3208 New Executive Office Building, Washington,
D.C. 20503.
Management Statement Regarding Compliance with
Certain Provisions of the Investment Company Act of 1940
Management believes that Scout Money Market Fund, Inc. - Prime Portfolio was
in compliance with the provisions of Rule 17f-2 of the Investment Company Act
of 1940 as of December 31, 1997, and during the period from June 30, 1997
(prior date of Management's Statement Regarding Compliance with Certain
Provisions of the Investment Company Act of 1940) through December 31, 1997,
with respect to securities reflected in the investment account of Scout Money
Market Fund, Inc - Prime Portfolio.
SCOUT MONEY MARKET FUND, INC. - PRIME PORTFOLIO
By /s/Laurence J. Schmidt
Laurence J. Schmidt, Senior Vice President
<PAGE>
Independent Auditors' Report
To the Board of Directors of
Scout Money Market Fund, Inc. - Federal Portfolio
and
the Securities and Exchange Commission:
RE: Scout Money Market Fund, Inc. - Federal Portfolio
Form N-17f-2
File Number 811-3528
We have examined management's assertion about SCOUT MONEY MARKET FUND, INC. -
FEDERAL PORTFOLIO's (the "Company's") compliance with certain rules under the
Investment Company Act of 1940 (the "Act") as of December 31, 1997, and for
the period June 30, 1997 through December 31, 1997, included in the
accompanying Management Statement Regarding Compliance with Certain Provisions
of the Investment Company Act of 1940. Management is responsible for the
Company's compliance with those requirements. Our responsibility is to
express an opinion on management's assertion about the Company's compliance
based on our examination.
Our examination was made in accordance with standards established by the
American Institute of Certified Public Accountants and, accordingly, included
examining, on a test basis, evidence about the Company's compliance with those
requirements and performing such other procedures as we considered necessary
in the circumstances. Included among our procedures were the following tests
performed as of December 31, 1997, and for the period June 30, 1997 through
December 31, 1997, with respect to securities of SCOUT MONEY MARKET FUND, INC.
- FEDERAL PORTFOLIO, without prior notice to management:
Securities owned as of the close of business on December 31, 1997, shown
by the books and records were verified with the custodian, UMB Bank, n.a.,
which verification includes confirmation of securities with the Federal
Reserve Bank, which uses the book entry method of accounting for securities;
Securities purchased/sold but not received/delivered, hypothecated,
pledged, placed in escrow, or out for transfer with brokers, pledgees and/or
transfer agents were verified to supporting data where the securities were
in-transit resulting from purchase or sale transactions;
Reconciliation of all such securities to the books and records of the
Company and the Custodian.
We believe that our examination provides a reasonable basis for our opinion.
Our examination does not provide a legal determination on the Company's
compliance with specified requirements.
In our opinion, management's assertion that Scout Money Market Fund, Inc. -
Federal Portfolio was in compliance with certain provisions of Rule 17f-2 of
the Investment Company Act of 1940 as of December 31, 1997, is fairly stated,
in all material respects.
This report is intended solely for the information and use of management of
Scout Money Market Fund, Inc. - Federal Portfolio and the Securities and
Exchange Commission and should not be used for any other purpose.
Kansas City, Missouri
March 17, 1998
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]
1. Investment Company Act File Number: Date examination completed:
811-3528 December 31, 1997
2. State Identification Number:
AL
AK 98 02174
AZ S-0033494-QUAL
AR 85-M1012-02
CA 504 5889
CO IC-91-02-935
CT SI45578
DE
DC *
FL *
GA 56-002877
HI
ID 48842
IL 9738154
IN 85-0335 IC
IA I-26312
KS 83S0000723
KY M29406
LA 54080**
ME MF98-6737
MD SM960023
MA 96-6995-MR
MI 227115
MN R-28088.1
MS MF-98-01-003
MO Q-MT-1282
MT 009203
NE C15688
NV *
NH
NJ *
NM 980244
NY S 27 53 20
NC
ND 62475
OH 10277
OK I-320997
OR 98-0080**
PA 87-08-113MF
RI
SC MF11226
SD 10198
TN RM98-0282
TX C-39436
UT B00039221**
VT 1/16/98-19
VA 2609
WA C-57912
WV MF-24126
WI 341389-03
WY 20516
PUERTO RICO
Other (specify):
* Indicates Fund is registered in state but state does not issue
identification numbers
**Securities in the Scout Funds Combined Prospectus included on one Notice
Filing (Balanced Fund, Bond Fund, Money Market Fund, Regional Fund, Stock
Fund, Tax-Free Money Market Fund, Worldwide Fund)
3. Exact name of investment company as specified in registration statement:
Scout Money Market Fund, Inc. - Federal Portfolio
4. Address of principal executive office: (number, street, city, state,
zip code)
700 Karnes Blvd, BMA Tower, Kansas City, Missouri 64108
INSTRUCTIONS
This Form must be completed by the 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
Note: The estimated average burden hours are made solely for purposes of the
Paperwork Reduction Act, and are not derived from a comprehensive or even a
representative survey or study of the costs of SEC rules and forms. Direct
any comments concerning the accuracy of the estimated average burden hours
for compliance with SEC rules and forms to Kenneth A. Fogash, Deputy Executive
Director, U.S. Securities and Exchange Commission, 450 Fifth Street, N.W.,
Washington, D.C. 20549 and Gary Waxman, Clearance Officer, Office of
Management and Budget, Room 3208 New Executive Office Building, Washington,
D.C. 20503.
Management Statement Regarding Compliance with
Certain Provisions of the Investment Company Act of 1940
Management believes that Scout Money Market Fund, Inc. - Federal Portfolio was
in compliance with the provisions of Rule 17f-2 of the Investment Company Act
of 1940 as of December 31, 1997, and during the period from June 30, 1997
(prior date of Management's Statement Regarding Compliance with Certain
Provisions of the Investment Company Act of 1940) through December 31, 1997,
with respect to securities reflected in the investment account of Scout Money
Market Fund, Inc. - Federal Portfolio.
SCOUT MONEY MARKET FUND, INC. - FEDERAL PORTFOLIO
By /s/Laurence J. Schmidt
Laurence J. Schmidt, Senior Vice President
