Baird, Kurtz & Dobson
City Center Square
1100 Main Street, Suite 2700
Kansas City, MO 64105-2112
816-221-6300 Fax 816-221-6380
www.bkd.com
Independent Accountants' Report
To the Board of Directors of
UMB Scout Money Market Fund, Inc. - Federal Portfolio
and
the Securities and Exchange Commission:
RE: UMB Scout Money Market Fund, Inc. - Federal Portfolio
Form N-17f-2
File Number 811-3528
We have examined management's assertion about UMB SCOUT MONEY
MARKET FUND, INC. - FEDERAL PORTFOLIO's (the "Company's")
compliance with the requirements of subsections (b) and (c) of
Rule 17f-2 under the Investment Company Act of 1940 (the "Act")
as of June 30, 1999, 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 June 30, 1999, with respect to securities
of UMB SCOUT MONEY MARKET FUND, INC. - FEDERAL PORTFOLIO, without
prior notice to management:
Confirmation of all securities held by the Federal Reserve Bank
of Kansas City, The Depository Trust Company, Participants Trust
Company, the Morgan Stanley Trust Company, UMB Bank - N.Y., and
Euroclear in book entry form;
Reconciliation of all such securities to the books and records of
the Company and the Custodian;
Confirmation of all repurchase agreements with brokers/banks and
agreement of underlying collateral with custodian records.
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 UMB SCOUT MONEY
MARKET FUND, INC. - FEDERAL PORTFOLIO was in compliance with the
requirements of subsections (b) and (c) of Rule 17f-2 of the
Investment Company Act of 1940 as of June 30, 1999 with respect to
securities reflected in the investment account of the Company is
fairly stated, in all material respects.
This report is intended solely for the information and use of
management of UMB SCOUT MONEY MARKET FUND, INC. - FEDERAL
PORTFOLIO and the Securities and Exchange Commission and is not
intended to be and should not be used by anyone other than these
specified parties.
Baird, Kurtz & Dobson
Kansas City, Missouri
September 22, 1999
Member of
Moores
Rowland
International
<PAGE>
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 June 30, 1999
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 9841134
IN 85-0335IC
IA I-26312
KS 83S0000723
KY M29406
LA 59136
ME MF98-6737
MD SM980023
MA 989279
MI 227116
MN R-28088.1
MS MF-98-01-003
MO Q-MT-1282
MT 9203
NE 30366
NV *
NH *
NJ *
NM 685365
NY S275320
NC *
ND U558
OH 15244
OK SE-320997
OR 98-0080
PA 87-08-113MF
RI *
SC MF11226
SD 10198
TN RM98-3643
TX C-39436
UT B00098969
VT 1/16/98-19
VA 2609
WA C-57912-C
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 UMB Scout Funds Combined Prospectus
included on one Notice Filing (Balanced Fund, Bond Fund, Capital
Preservation Fund, Kansas Tax-Exempt Bond Fund, Money Market
Fund, Regional Fund, Stock Fund, Stock
Select Fund, Tax-Free Money Market Fund, Worldwide Fund,
Worldwide Select Fund)
3. Exact name of investment company as specified in registration
statement:
UMB 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.
<PAGE>
Baird, Kurtz & Dobson
City Center Square
1100 Main Street, Suite 2700
Kansas City, MO 64105-2112
816-221-6300 Fax 816-221-6380
www.bkd.com
Independent Accountants' Report
To the Board of Directors of
UMB Scout Money Market Fund, Inc. - Prime Portfolio
and
the Securities and Exchange Commission:
RE: UMB Scout Money Market Fund, Inc. - Prime Portfolio
Form N-17f-2
File Number 811-3528
We have examined management's assertion about UMB SCOUT MONEY
MARKET FUND, INC. - PRIME PORTFOLIO's (the "Company's") compliance with
the requirements of subsections (b) and (c) of Rule 17f-2 under the
Investment Company Act of 1940 (the "Act") as of June 30, 1999,
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 June 30, 1999, with respect to securities
of UMB SCOUT MONEY MARKET FUND, INC. - PRIME PORTFOLIO, without
prior notice to management:
Confirmation of all securities held by the Federal Reserve Bank
of Kansas City, The Depository Trust Company, Participants Trust
Company, the Morgan Stanley Trust Company, UMB Bank - N.Y., and
Euroclear in book entry form;
Reconciliation of all such securities to the books and records of
the Company and the Custodian;
Confirmation of all repurchase agreements with brokers/banks and
agreement of underlying collateral with custodian records.
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 UMB SCOUT MONEY
MARKET FUND, INC. - PRIME PORTFOLIO was in compliance with the
requirements of subsections (b) and (c) of Rule 17f-2 of the
Investment Company Act of 1940 as of June 30, 1999 with respect
to securities reflected in the investment account of the Company
is fairly stated, in all material respects.
This report is intended solely for the information and use of
management of UMB SCOUT MONEY MARKET FUND, INC. - PRIME PORTFOLIO
and the Securities and Exchange Commission and is not intended to
be and should not be used by anyone other than these specified
parties.
Baird, Kurtz & Dobson
Kansas City, Missouri
September 22, 1999
Member of
Moores
Rowland
International
<PAGE>
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 June 30, 1999
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 9841134
IN 85-0335IC
IA I-26311
KS 98S0001427
KY M29406
LA 59136
ME MF98-6736
MD SM980022
MA 989280
MI 227110
MN R-28088.1
MS MF-98-01-008
MO Q-MT-1282
MT 33721
NE 29884
NV *
NH *
NJ *
NM 685364
NY S275320
NC *
ND U559
OH 15244
OK SE-320997
OR 98-0080
PA 87-08-113MF
RI *
SC MF11227
SD 10199
TN RM98-3643
TX C-39437
UT B00098969
VT 1/16/98-18
VA 2609
WA C-57913-C
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 UMB Scout Funds Combined Prospectus
included on one Notice Filing (Balanced Fund, Bond Fund, Capital
Preservation Fund, Kansas Tax-Exempt Bond Fund, Money Market
Fund, Regional Fund, Stock Fund, Stock Select Fund, Tax-Free
Money Market Fund, Worldwide Fund, Worldwide Select Fund)
3. Exact name of investment company as specified in registration
statement:
UMB 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.
<PAGE>
Baird, Kurtz & Dobson
City Center Square
1100 Main Street, Suite 2700
Kansas City, MO 64105-2112
816-221-6300 Fax 816-221-6380
www.bkd.com
Management Statement Regarding Compliance with
Certain Provisions of the Investment Company Act of 1940
We, as members of management of UMB Scout Money Market Fund, Inc.
- - Federal Portfolio (the "Company"), are responsible for
complying with the requirements of subsections (b) and (c) of
Rule 17F-2, "Custody of Investments by Registered Management
Investment Companies," of the Investment Company Act of 1940. We
are also responsible for establishing and maintaining effective
internal controls over compliance with those requirements. We
have performed an evaluation of the Company's compliance with the
requirements of subsections (b) and (c) of Rule 17f-2 as of June
30, 1999 and from April 30, 1999 through June 30, 1999.
Based on this evaluation, we assert that the Company was in
compliance with the requirements of subsections (b) and (c) of
Rule 17f-2 of the Investment Company Act of 1940 as of June 30,
1999 and from April 30, 1999 through June 30, 1999, with respect
to securities reflected in the investment account of the Company.
UMB SCOUT MONEY MARKET FUND, INC. - FEDERAL PORTFOLIO
By /s/Laurence J. Schmidt
Laurence J. Schmidt, Senior Vice President
Members of
Moores
Rowland
International
<PAGE>
Baird, Kurtz & Dobson
City Center Square
1100 Main Street, Suite 2700
Kansas City, MO 64105-2112
816-221-6300 Fax 816-221-6380
www.bkd.com
Management Statement Regarding Compliance with
Certain Provisions of the Investment Company Act of 1940
We, as members of management of UMB Scout Money Market Fund, Inc.
- - Prime Portfolio (the "Company"), are responsible for complying
with the requirements of subsections (b) and (c) of Rule 17F-2,
"Custody of Investments by Registered Management Investment
Companies," of the Investment Company Act of 1940. We are also
responsible for establishing and maintaining effective internal
controls over compliance with those requirements. We have
performed an evaluation of the Company's compliance with the
requirements of subsections (b) and (c) of Rule 17f-2 as of June
30, 1999 and from April 30, 1999 through June 30, 1999.
Based on this evaluation, we assert that the Company was in
compliance with the requirements of subsections (b) and (c) of
Rule 17f-2 of the Investment Company Act of 1940 as of June 30,
1999 and from April 30, 1999 through June 30, 1999, with respect
to securities reflected in the investment account of the Company.
UMB SCOUT MONEY MARKET FUND, INC. - PRIME PORTFOLIO
By /s/Laurence J. Schmidt
Laurence J. Schmidt, Senior Vice President
Members of
Moores
Rowland
International