Independent Auditors' 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 certain
rules under the Investment Company Act of 1940 (the "Act") as of December
31, 1998, and for the period June 30, 1998 through December 31, 1998,
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,
1998, and for the period June 30, 1998 through December 31, 1998, with
respect to securities of UMB SCOUT MONEY MARKET FUND, INC. - PRIME
PORTFOLIO, without prior notice to management:
* Securities owned as of the close of business on December 31, 1998, 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 UMB 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, 1998,
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.
/s/ BAIRD, KURTZ & DOBSON
Kansas City, Missouri
February 19, 1999
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, 1998
2. State Identification Number:
AL *
AK 98 02175
AZ S-0033495-QUAL
AR 85-M1012-01
CA *
CO *
CT SI45569
DE *
DC *
FL *
GA *
HI *
ID 48843
IL *
IN *
IA I-26311
KS 9850001427
KY *
LA *
ME MF98-6736
MD SM980022
MA 989280
MI 227110
MN *
MS MF-98-01-008
MO Q-MT-1282
MT 33721
NE 029884
NV *
NH *
NJ *
NM 980245
NY *
NC *
ND U559
OH *
OK I-320997
OR *
PA *
RI *
SC MF11227
SD 10199
TN RM98-3643
TX C-39437
UT *
VT 1/16/98-18
VA *
WA C-57913
WV MF-24127
WI 341388-03
WY *
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, 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:
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>
Management Statement Regarding Compliance with
Certain Provisions of the Investment Company Act of 1940
Management believes that UMB 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, 1998, and during the period
from June 30, 1998 (prior date of Management's Statement Regarding
Compliance with Certain Provisions of the Investment Company Act of 1940)
through December 31, 1998, with respect to securities reflected in the
investment account of UMB Scout Money Market Fund, Inc - Prime Portfolio.
UMB 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
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 certain
rules under the Investment Company Act of 1940 (the "Act") as of December
31, 1998, and for the period June 30, 1998 through December 31, 1998,
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,
1998, and for the period June 30, 1998 through December 31, 1998, with
respect to securities of UMB SCOUT MONEY MARKET FUND, INC. - FEDERAL
PORTFOLIO, without prior notice to management:
* Securities owned as of the close of business on December 31, 1998, 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 UMB 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, 1998,
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 used by anyone
other than these specified parties.
/s/ BAIRD, KURTZ & DOBSON
Kansas City, Missouri
February 19, 1999
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, 1998
2. State Identification Number:
AL *
AK 98 02174
AZ S-0033494-QUAL
AR 85-M1012-02
CA *
CO *
CT SI45578
DE *
DC *
FL *
GA *
HI *
ID 48842
IL *
IN *
IA I-26312
KS 83S0000723
KY *
LA *
ME MF98-6737
MD SM980023
MA 98279
MI 227116
MN *
MS MF-98-01-003
MO Q-MT-1282
MT 9203
NE 030366
NV *
NH *
NJ *
NM 980244
NY *
NC *
ND U558
OH *
OK I-320997
OR *
PA *
RI *
SC MF11226
SD 10198
TN RM98-3643
TX C-39436
UT *
VT 1/16/98-19
VA *
WA C-57912
WV MF-24126
WI 341389-03
WY *
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, 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:
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>
Management Statement Regarding Compliance with
Certain Provisions of the Investment Company Act of 1940
Management believes that UMB 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, 1998, and during the period
from June 30, 1998 (prior date of Management's Statement Regarding
Compliance with Certain Provisions of the Investment Company Act of 1940)
through December 31, 1998, with respect to securities reflected in the
investment account of UMB Scout Money Market Fund, Inc. - Federal Portfolio.
UMB SCOUT MONEY MARKET FUND, INC. - FEDERAL PORTFOLIO
By /s/Laurence J. Schmidt
Laurence J. Schmidt, Senior Vice President
