UMB Scout Funds
MONEY MARKET Fund
FEDERAL PORTFOLIO (UMFXX)
PRIME PORTFOLIO (UMPXX)
Annual Report June 30, 2000
A no-load mutual fund with primary emphasis
on maximum income consistent with safety
of principal and maintenance of liquidity.
TO THE SHAREHOLDERS
In the past year, the financial markets continued to capture the nation's
fancy. The major drivers regarding financial asset prices over the last 12
months have been earnings and interest rates, as is typically the case.
However, last fall we witnessed a temporary detour from the "norm" as we
saw what turned out to be a speculative "bubble" being created when
investors purchased anything labeled ".com." While that bubble has not
burst, it is fair to say that much of the speculative "froth" has since
been eliminated from asset valuation levels.
In an effort to get a handle on the economy, Alan Greenspan conducted a
series of six interest rate increases designed to slow the economic
environment and ease any upward pressure on inflation rates. We are
beginning to see signs that the growth rate in the economy is decreasing.
For the time being, it appears that Mr. Greenspan's efforts were successful.
But what about the future? Will the economy continue to slow? And if it
does slow, could we slip into a recession? These are very significant
questions on many investors' minds. While we do not know what the future
holds, history would suggest that the economy is going to slow during the
remainder of 2000. Keep in mind that historically, the Federal Reserve,
currently headed by Greenspan, has had difficulty "fine tuning" the
economy. It has been shown that once the economy starts to slow, keeping it
out of a recessionary environment can be difficult. In our minds, recession
poses a major potential risk which investors may have to wrestle with
during the next 12 months.
Longer term, we continue to look at the investment landscape in a positive
sense. Inflation is low, and the economy is growing nicely. As long as
these two trends are at work, we believe that financial assets will
generate satisfactory returns.
In closing, we at UMB Investment Advisors would like to thank you, our
shareholders, for your continued support of the UMB Scout Funds. We fully
understand and appreciate the trust you have placed in our hands. We will
work hard to maintain that trust.
Respectfully,
/s/William B. Greiner
William B. Greiner
Executive Vice President
Chief Investment Officer
UMB Investment Advisors
Shares of the UMB Scout Funds are not deposits or obligations of, nor
guaranteed by, UMB Bank, n.a. or any other banking institution; nor are
they insured by the Federal Deposit Insurance Corporation ("FDIC") or any
other government agency. These shares involve investment risks, including
the possible loss of the principal invested.
TO THE SHAREHOLDERS
The UMB Scout Money Market Fund's Federal Portfolio earned 5.24% for the
fiscal year ended June 30, 2000, while the Prime Portfolio earned 5.37%.
The seven-day current yield on June 30 was 6.06% for the Federal Portfolio
and 6.12% for the Prime Portfolio. The Fund invests in high-quality, short-
term debt instruments and seeks maximum income consistent with safety of
principal and maintenance of liquidity.
An investment in the Fund is not insured or guaranteed by the Federal
Deposit Insurance Corporation ("FDIC") or any other government agency.
Although the Fund seeks to preserve the value of your investment at $1.00
per share, it is possible to lose money by investing in the Fund.
On June 30, 1999 the Federal Open Market Committee (FOMC) increased the
Federal Fund rate from 4.75% to 5.00%. In additional efforts to slow the
economy and contain inflation, the FOMC again made tightening moves in
August and November of 1999, and in February, March and May of 2000. After
the May increase, the Federal Funds rate stood at 6.50%, its highest level
since February of 1995. Based on signs that its tightening efforts were
finally taking effect and that the economy was indeed slowing, the FOMC took
no action at its June 28, 2000 meeting, but did retain its "inflation" bias.
Throughout the fiscal year, the dominant consideration in the management of
both portfolios was the decision that we would be operating in an extended
interest rate environment. The average maturity of each portfolio was kept
short and was positioned with each prospective FOMC meeting date in mind.
We believe this structure allowed us to take maximum advantage of the
rising interest rate environment. The structure of the portfolios, combined
with the aggressive action of the Fed, proved quite rewarding for
shareholders. During fiscal 2000, both the federal and prime portfolios
experienced their highest returns in over six years.
We appreciate your continued interest in the UMB Scout Money Market Fund
and welcome your comments and questions.
Sincerely,
/s/William A. Faust
William A. Faust
UMB Investment Advisors
CHART - Fund Diversification
UMB Scout Money Market Fund
Federal Portfolio (UMFXX)
CHART - Fund Diversification
UMB Scout Money Market Fund
Prime Portfolio (UMPXX)
FINANCIAL STATEMENTS JUNE 30, 2000
Statement of Net Assets
FACE Market
AMOUNT DESCRIPTION Value
PRIME PORTFOLIO
SHORT-TERM CORPORATE NOTES - 92.8%
$13,000,000 Abbott Laboratories, 6.60%, due July 12, 2000 $ 12,973,783
10,000,000 Aluminum Co. of America, 6.55%, due July 5, 2000 9,992,722
5,000,000 American Express Credit Corp.,
6.53%, due July 12, 2000 4,990,024
30,000,000 American Express Credit Corp.,
6.51%, due July 13, 2000 29,934,900
20,000,000 AT&T Company, 6.50%, due July 11, 2000 19,963,889
7,000,000 AT&T Company, 6.50%, due July 13, 2000 6,984,833
12,774,000 Amgen, Inc., 6.50%, due July 10, 2000 12,753,242
20,000,000 Amgen, Inc., 6.48%, due July 12, 2000 19,960,400
5,100,000 Archer Daniels Midland Co., 6.19%, due July 13, 2000 5,089,477
10,000,000 Becton Dickinson & Co., 6.50%, due July 6, 2000 9,990,972
15,000,000 Bell Atlantic Network, 6.53%, due July 17, 2000 14,956,467
33,000,000 California Pollution Control Rev., Auth Ser 98A,
Discount Note, due July 20, 2000 33,000,000
30,000,000 Chevron USA, Inc., 6.80%, due July 6, 2000 29,971,667
25,000,000 Coca-Cola Company, 6.07%, due July 5, 2000 24,983,139
20,000,000 Deere and Company, 6.52%, due July 11, 2000 19,963,778
1,000,000 Deere and Company, 6.53%, due July 12, 2000 998,005
15,000,000 Deere and Company, 6.53%, due July 14, 2000 14,964,629
13,800,000 Donnelly, (R.R.) & Sons, 6.54%, due July 6, 2000 13,787,465
20,420,000 Dover Corp., 6.52%, due July 6, 2000 20,401,516
5,450,000 Dover Corp., 6.53%, due July 13, 2000 5,438,137
10,000,000 Dover Corp., 6.55%, due July 18, 2000 9,969,069
21,000,000 Dow Chemical Co., 6.95%, due July 5, 2000 20,983,783
3,400,000 Du Pont (E I) De Nemours & Co.,
6.68%, due July 10, 2000 3,394,322
15,800,000 Duke Energy Corp., 6.50%, due July 10, 2000 15,774,325
24,000,000 Dun & Bradstreet Corp., 6.62%, due July 5, 2000 23,982,353
10,000,000 Dun & Bradstreet Corp., 6.55%, due July 10, 2000 9,983,625
20,000,000 Emerson Electric Co., 6.70%, due July 5, 2000 19,985,111
20,000,000 General Mills, Inc., 6.49%, due July 3, 2000 19,992,789
2,331,000 Halliburton Company, 6.56%, due July 10, 2000 2,327,177
3,650,000 Halliburton Company, 6.54%, due July 17, 2000 3,639,391
3,748,000 Hershey Foods Corp., 6.65%, due July 11, 2000 3,741,077
8,000,000 IBM Credit Corp., 6.52%, due July 19, 2000 7,973,920
13,000,000 Illinois Tool Works, Inc., 6.56%, due July 18, 2000 12,959,729
5,000,000 Illinois Tool Works, Inc., 6.53%, due July 25, 2000 4,978,233
25,000,000 International Business Machines Corp.,
6.52%, due July 11, 2000 24,954,722
9,200,000 Kellogg Co., 6.53%, due July 5, 2000 9,193,325
10,000,000 Laclede Gas Co., 6.61%, due July 27, 2000 9,952,261
22,740,000 Lucent Technologies, Inc., 6.60%, due July 19, 2000 22,664,958
2,800,000 May Dept. Stores Co., 6.52%, due July 10, 2000 2,795,436
3,000,000 May Dept. Stores Co., 6.60%, due July 28, 2000 2,985,150
5,000,000 Motorola, Inc., 6.57%, due July 27, 2000 4,976,275
1 5,000,000 Nalco Chemical Company, 6.19%, due July 6, 2000 14,987,100
15,000,000 SBC Communications, Inc., 6.53%, due July 7, 2000 14,983,675
25,000,000 Texaco, Inc., 6.53%, due July 7, 2000 24,972,792
8,000,000 Texaco, Inc., 6.52%, due July 12, 2000 7,984,062
2,500,000 United Technologies Corp., 6.53%, due July 13, 2000 2,494,558
19,000,000 United Technologies Corp., 6.60%, due July 26, 2000 18,912,918
7,000,000 Wal-Mart Stores, Inc., 6.50%, due July 5, 2000 6,994,944
13,000,000 Wal-Mart Stores, Inc., 6.53%, due July 25, 2000 12,943,407
4,000,000 Wisconsin Electric Power Co.,
6.53%, due July 14, 2000 3,990,568
Short-term corporate notes (Cost $656,570,100) - 92.8% 656,570,100
GOVERNMENT-SPONSORED ENTERPRISES - 7.6%
8,000,000 Federal Agricultural Mortgage Corp.,
6.42%, Discount Note, due July 13, 2000 7,982,880
2,000,000 Federal Home Loan Bank, 6.20%, due October 27, 2000 2,000,000
200,000 Federal Home Loan Bank, 6.42%,
Discount Note, due August 4, 2000 198,787
20,000,000 Federal Home Loan Bank, 6.42%,
Discount Note, due July 14, 2000 19,953,633
450,000 Federal Home Loan Bank, 6.43%,
Discount Note, due August 2, 2000 447,428
10,000,000 Federal Home Loan Bank, 6.45%,
Discount Note, due July 21, 2000 9,964,167
3,000,000 Federal Home Loan Mortgage Corp.,
6.43%, Discount Note, due July 18, 2000 3,000,870
8,600,000 Federal National Mortgage Association,
6.43%, Discount Note, due August 3, 2000 8,549,320
2,000,000 Federal National Mortgage Association,
5.21%, Discount Note, due July 7, 2000 1,998,264
Government-sponsored enterprises (Cost $54,095,349) - 7.6%
54,095,349
TOTAL INVESTMENTS (Cost $710,665,449) - 100.4% 710,665,449
Other assets less liabilities - (0.4%) (3,176,307)
TOTAL NET ASSETS - 100.0%
(equivalent to $1.00 per share; 750,000,000 shares
of $0.01 par value capital shares authorized;
707,518,830 shares outstanding) $707,489,142
Valuation of securities is on the basis of amortized cost, which
approximates market value.
See accompanying Notes to Financial Statements.
FINANCIAL STATEMENTS JUNE 30, 2000
Statement of Net Assets
FACE Market
AMOUNT DESCRIPTION Value
FEDERAL PORTFOLIO
GOVERNMENT SPONSORED ENTERPRISES - 100.4%
$17,000,000 Federal Agricultural Mortgage Corp.,
6.42%, Discount Note, due July 13, 2000 $ 16,963,620
19,864,000 Federal Home Loan Bank, 6.05%, due July 3, 2000 19,857,323
5,000,000 Federal Home Loan Bank,
6.41%, Discount Note, due July 5, 2000 4,996,439
3,000,000 Federal Home Loan Bank,
6.52%, due July 5, 2000 2,997,827
13,000,000 Federal Home Loan Bank,
6.43%, Discount Note, due July 7, 2000 12,986,068
3,680,000 Federal Home Loan Bank,
6.41%, Discount Note, due July 14, 2000 3,671,482
15,000,000 Federal Home Loan Bank,
6.42%, Discount Note, due July 14, 2000 14,965,225
15,000,000 Federal Home Loan Bank,
6.42%, Discount Note, due July 19, 2000 14,951,850
20,000,000 Federal Home Loan Bank,
6.45%, Discount Note, due July 21, 2000 19,928,333
25,000,000 Federal Home Loan Bank,
6.47%, Discount Note, due July 26, 2000 24,887,674
1,000,000 Federal Home Loan Bank,
6.20%, due October 27, 2000 1,000,000
30,000,000 Federal Home Loan Mortgage Corp.,
6.57%, Discount Note, due July 3, 2000 29,989,050
16,800,000 Federal Home Loan Mortgage Corp.,
6.365%, Discount Note, due July 5, 2000 16,788,119
20,000,000 Federal Home Loan Mortgage Corp.,
6.41%, Discount Note, due July 11, 2000 19,964,389
14,225,000 Federal Home Loan Mortgage Corp.,
6.42%, Discount Note, due July 11, 2000 14,199,632
5,000,000 Federal Home Loan Mortgage Corp.,
6.47%, Discount Note, due July 13, 2000 4,989,217
20,990,000 Federal Home Loan Mortgage Corp.,
6.43%, Discount Note, due July 18, 2000 20,926,200
5,000,000 Federal Home Loan Mortgage Corp.,
6.46%, Discount Note, due July 18, 2000 4,984,747
4,967,000 Federal Home Loan Mortgage Corp.,
6.47%, Discount Note, due July 20, 2000 4,950,039
25,000,000 Federal Home Loan Mortgage Corp.,
6.46%, Discount Note, due July 25, 2000 24,892,333
3,000,000 Federal National Mortgage Association,
5.21%, Discount Note, due July 7, 2000 2,997,395
6,400,000 Federal National Mortgage Association,
6.42%, Discount Note, due August 3, 2000 6,362,336
3,000,000 Federal National Mortgage Association,
6.46%, Discount Note, due July 19, 2000 2,990,310
12,500,000 Federal National Mortgage Association,
6.41%, Discount Note, due July 12, 2000 12,475,517
TOTAL INVESTMENTS (Cost $303,715,125) - 100.4% 303,715,125
Other assets less liabilities - (0.4%) (1,126,984)
TOTAL NET ASSETS - 100.0%
(equivalent of $1.00 per share; 750,000,000 shares
of $0.01 par value capital shares authorized;
302,637,011 shares outstanding) $302,588,141
Valuation of securities is on the basis of amortized cost, which
approximates market value.
See accompanying Notes to Financial Statements.
FINANCIAL STATEMENTS JUNE 30, 2000
Statements of Assets and Liabilities
<TABLE>
<CAPTION>
Prime Federal
Portfolio Portfolio
</CAPTION>
<S> <C> <C>
ASSETS:
Investment securities, at market value $710,665,449 $ 303,715,125
Interest receivable 138,554 42,011
Total assets 710,804,003 303,757,136
LIABILITIES:
Disbursements in excess of demand deposit cash 3,314,861 1,168,995
Total liabilities 3,314,861 1,168,995
NET ASSETS $707,489,142 $302,588,141
NET ASSETS CONSIST OF:
Capital (capital stock and paid-in capital) $707,489,142 $302,588,141
NET ASSETS APPLICABLE TO OUTSTANDING SHARES $707,489,142 $302,588,141
Capital shares, $0.01 par value
Authorized 750,000,000 750,000,000
Outstanding 707,518,830 302,637,011
NET ASSET VALUE PER SHARE $ 1.00 $ 1.00
</TABLE>
See accompanying Notes to Financial Statements.
FINANCIAL STATEMENTS Year Ended JUNE 30, 2000
StatementS of Operations
Prime Federal
Portfolio Portfolio
INVESTMENT INCOME:
Income:
Interest $ 41,230,848 $ 17,456,080
Expenses:
Management fees 3,587,999 1,552,057
Government fees 38,686 22,407
3,626,685 1,574,464
Net investment income 37,604,163 15,881,616
Net increase in net assets resulting
from operations $ 37,604,163 $ 15,881,616
See accompanying Notes to Financial Statements.
FINANCIAL STATEMENTS for the years ended June 30, 2000 and 1999
Statements of Changes in Net Assets
<TABLE>
<CAPTION>
Prime Federal
Portfolio Portfolio
1999 1999
</CAPTION>
<S> <C> <C>
INCREASE IN NET ASSETS FROM OPERATIONS:
Net investment income $ 30,935,014 $ 14,811,762
DISTRIBUTIONS TO SHAREHOLDERS FROM:
Net investment income (30,935,014) (14,811,762)
INCREASE (DECREASE) FROM CAPITAL SHARE TRANSACTIONS:
Proceeds from shares sold ($1.00 per share) 1,281,907,452 647,138,544
Net asset value of shares issued for reinvestment
of distributions ($1.00 per share) 6,772,270 3,578,135
1,288,679,722 650,716,679
Cost of shares redeemed ($1.00 per share) (1,166,411,060) (655,224,005)
Net increase (decrease) in net assets
from capital share transactions 122,268,662 (4,507,326)
Net increase (decrease) in net assets 122,268,662 (4,507,326)
NET ASSETS - June 30, 1998 555,746,815 302,948,989
NET ASSETS - June 30, 1999 $ 678,015,477 $ 298,441,663
Prime Federal
Portfolio Portfolio
2000 2000
INCREASE IN NET ASSETS FROM OPERATIONS:
Net investment income $ 37,604,163 $ 15,881,616
DISTRIBUTIONS TO SHAREHOLDERS FROM:
Net investment income (37,604,163) (15,881,616)
INCREASE FROM CAPITAL SHARE TRANSACTIONS:
Proceeds from shares sold ($1.00 per share) 1,276,524,000 538,352,541
Net asset value of shares issued for reinvestment
of distributions ($1.00 per share) 8,858,697 3,603,853
1,285,382,697 541,956,394
Cost of shares redeemed ($1.00 per share) (1,255,909,032) (537,809,916)
Net increase in net assets
from capital share transactions 29,473,665 4,146,478
Net increase in net assets 29,473,665 4,146,478
NET ASSETS - June 30, 1999 678,015,477 298,441,663
NET ASSETS - June 30, 2000 $ 707,489,142 $ 302,588,141
</TABLE>
See accompanying Notes to Financial Statements.
NOTES TO FINANCIAL STATEMENTS
1. ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - The Fund
is registered under the Investment Company Act of 1940, as amended, as a
diversified, open-end management investment company. Its shares are
currently issued in two series (Prime and Federal) with each series, in
effect, representing a separate fund. The following is a summary of
significant accounting policies consistently followed by the Fund in the
preparation of its financial statements. The policies are in conformity
with generally accepted accounting principles.
Investments - Valuation of securities is on the basis of amortized cost
which approximates market value. Investment transactions are recorded on
the trade date. Investment income and dividends to shareholders are
recorded daily and dividends are distributed monthly. Realized gains and
losses from investment transactions are reported on the amortized cost
basis, which is also used for federal income tax purposes.
Federal Income Taxes - The Fund's policy is to comply with the requirements
of the Internal Revenue Code that are applicable to regulated investment
companies and to distribute all of its taxable income to its shareholders.
Therefore, no federal income tax provision is required.
Amortization - Discounts and premiums on securities purchased are amortized
over the life of the respective securities.
Estimates - The preparation of financial statements in conformity with
generally accepted accounting principles requires management to make
estimates and assumptions that affect the reported amount of assets and
liabilities and disclosure of contingent assets and liabilities at the date
of the financial statements and the reported amounts of income and expenses
during the reporting period. Actual results could differ from those estimates.
2. PURCHASES AND SALES OF SECURITIES - The aggregate amounts of security
transactions during the year ended June 30, 2000, were as follows:
Other than
U.S. Government U.S. Government
Prime Portfolio Securities Securities
Purchases $12,094,288,340 $1,547,749,555
Proceeds from sales 12,103,989,466 1,547,639,569
Federal Portfolio
Purchases $ - $6,975,756,501
Proceeds from sales - $6,987,275,852
3. MANAGEMENT FEES - UMB Bank, n.a. is the Fund's manager and investment
advisor and provides or pays the cost of all management, supervisory and
administrative services required in the normal operation of the Fund. This
includes investment management; fees of the custodian, independent public
accountants and legal counsel; remuneration of officers and directors;
rent; and shareholder services, including maintenance of the shareholder
accounting system and transfer agency. Not considered normal operating
expenses and therefore payable by the Fund are taxes, interest, fees and
the other charges of governments and their agencies for qualifying the
fund's shares for sale, special accounting and legal fees and brokerage
commissions. UMB Bank's management fees are based on average daily net
assets of the Fund at the annual rate of .50 of one percent of net assets.
Certain officers and/or directors of the Fund are also officers and/or
directors of Jones & Babson, Inc., which serves as the Fund's underwriter
and distributor.
4. SUBSEQUENT ACCOUNTING POLICY CHANGE - The Financial Accounting Standards
Board ("FASB") has issued Statement of Financial Accounting Standards No.
133, Accounting for Derivative Instruments and Hedging Activities ("SFAS
133"). This statement, as amended by SFAS No. 137, requires all derivatives
to be recorded on the balance sheet date at fair value and establishes
standard accounting methodologies for hedging activities. The standard will
result in the recognition of offsetting changes in value or cash flows of
both the hedge and the hedged item in net investment income in the same
period. The statement is effective for the Fund's fiscal year ending June
30, 2001. Because the Fund does not normally hold derivative instruments,
the adoption of this statement is not expected to have a material impact on
the financial statements.
FINANCIAL HIGHLIGHTS
Per share income and capital changes for a share
outstanding throughout the period.
YEARS ENDED JUNE 30,
2000 1999 1998 1997 1996
PRIME PORTFOLIO
Net asset value, beginning of year $ 1.00 $ 1.00 $ 1.00 $ 1.00 $ 1.00
Income from investment operations:
Net investment income 0.05 0.05 0.05 0.05 0.05
Distributions from:
Net investment income (0.05) (0.05) (0.05) (0.05) (0.05)
Net asset value, end of year $ 1.00 $ 1.00 $ 1.00 $ 1.00 $ 1.00
Total return 5% 5% 5% 5% 5%
Ratios/Supplemental Data
Net assets, end of year (in millions) $ 707 $ 678 $ 556 $ 445 $ 330
Ratio of expenses to average net assets 0.51% 0.51% 0.51% 0.51% 0.51%
Ratio of net investment income to
average net assets 5.26% 4.72% 5.14% 4.97% 5.16%
FEDERAL PORTFOLIO
Net asset value, beginning of year $ 1.00 $ 1.00 $ 1.00 $ 1.00 $ 1.00
Income from investment operations:
Net investment income 0.05 0.05 0.05 0.05 0.05
Distributions from:
Net investment income (0.05) (0.05) (0.05) (0.05) (0.05)
Net asset value, end of year $ 1.00 $ 1.00 $ 1.00 $ 1.00 $ 1.00
Total return 5% 5% 5% 5% 5%
Ratios/Supplemental Data
Net assets, end of year (in millions) $ 303 $ 298 $ 303 $ 238 $ 228
Ratio of expenses to average net assets 0.50% 0.51% 0.51% 0.52% 0.51%
Ratio of net investment income to
average net assets 5.08% 4.58% 5.03% 4.92% 5.09%
See accompanying Notes to Financial Statements.
INDEPENDENT ACCOUNTANTS' REPORT
To the Shareholders and Board of Directors
of UMB Scout Money Market Fund, Inc.:
We have audited the accompanying statements of assets and liabilities of
UMB Scout Money Market Fund, Inc., including the statements of net assets,
as of June 30, 2000, and the related statements of operations, changes in
net assets and the financial highlights for the periods indicated thereon
(periods presented prior to June 30, 1997 were audited by other independent
accountants whose reports thereon expressed unqualified opinions). These
financial statements and financial highlights are the responsibility of the
Company's management. Our responsibility is to express an opinion on these
financial statements and financial highlights based on our audits.
We conducted our audits in accordance with generally accepted auditing
standards. Those standards require that we plan and perform the audit to
obtain reasonable assurance about whether the financial statements and
financial highlights are free of material misstatement. An audit includes
examining, on a test basis, evidence supporting the amounts and disclosures
in the financial statements. Our procedures included verification of
securities owned as of June 30, 2000, by confirmation, or by the
application of alternative auditing procedures with respect to unsettled
portfolio security transactions. An audit also includes assessing the
accounting principles used and significant estimates made by management, as
well as evaluating the overall financial statement presentation. We believe
that our audits provide a reasonable basis for our opinion.
In our opinion, the financial statements and financial highlights referred
to above present fairly, in all material respects, the financial position
of UMB Scout Money Market Fund, Inc., as of June 30, 2000, the results of
its operations, the changes in its net assets and the financial highlights
for the periods indicated in the first paragraph, in conformity with
generally accepted accounting principles.
BAIRD KURTZ & DOBSON
Kansas City, Missouri
July 28, 2000
This report has been prepared for the information of the Shareholders of
UMB Scout Money Market Fund, Inc., and is not to be construed as an
offering of the shares of the Fund. Shares of this Fund and of the other
UMB Scout Funds are offered only by the Prospectus, a copy of which may be
obtained from Jones & Babson, Inc.
UMB Scout Funds
100% No-Load Mutual Funds
Balanced Fund
Bond Fund
Capital Preservation Fund
Equity Index Fund
Kansas Tax-Exempt Bond Fund*
Money Market Fund - Federal Portfolio
Money Market Fund - Prime Portfolio
Regional Fund
Stock Fund
Stock Select Fund
Tax-Free Money Market Fund
Technology Fund
WorldWide Fund
WorldWide Select Fund
*Available in Kansas and Missouri only.
Investment Advisors and Manager
UMB Bank, n.a., Kansas City, Missouri
Auditors
Baird, Kurtz & Dobson, Kansas City, Missouri
Legal Counsel
Stradley, Ronon, Stevens & Young, LLP
Philadelphia, Pennsylvania
Custodian
UMB Bank, n.a., Kansas City, Missouri
Underwriter, Distributor
and Transfer Agent
Jones & Babson, Inc., Kansas City, Missouri
UMB Scout Funds
P.O. Box 219757
Kansas City, MO 64121-9757
Toll Free 800-996-2862
www.umb.com
"UMB," "Scout" and the "Scout" design are registered
service marks of UMB Financial Corporation.
