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 January 31, 2000,
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 January
31, 2000, 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, Brown Brothers Harriman & Co. 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 January 31, 2000 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.
BARID, KURTZ & DOBSON
Kansas City, Missouri
April 10, 2000
Members 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 January 31, 2000
2. State Identification Number:
AL *
AK 00
02061
AZ S-0033494-
QUAL
AR 85-
M1012-02
CA 504-
5889
CO IC-91-
02-935
CT SI45578
DE 5513
DC *
FL *
GA 56-
002877
HI *
ID 48842
IL 9944103
IN 85-0335IC
IA I-26312
KS
83S0000
723
KY M34790
LA 66063
ME 0-6828
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 695882
NY S275320
NC *
ND U558
OH 20138
OK SE-
320997
OR 98-0080
PA 87-08-
113MF
RI *
SC MF11226
SD 10198
TN RM98-
3643
TX C 39436
UT 006-6364-
13
VT 1/16/98-
19
VA 2609
WA C-
57912-e
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>
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
January 31, 2000 and from June 30, 1999 through January 31, 2000.
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 January
31, 2000 and from June 30, 1999 through January 31, 2000, with
respect to securities reflected in the investment account of the
Company.
UMB SCOUT MONEY MARKET FUND, INC. - FEDERAL PORTFOLIO
By /s/Ralph R. Santoro
Ralph R. Santoro, Senior Vice President
<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 January 31, 2000,
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 January
31, 2000, 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, Brown Brothers Harriman & Co. 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 January 31, 2000 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
April 10, 2000
Members 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 January 31, 2000
2. State Identification Number:
AL *
AK 00 02062
AZ S-0033495-
QUAL
AR 85-M1012-01
CA 504-
5889
CO IC-91-
02-935
CT SI45569
DE 5514
DC *
FL *
GA 56-
002877
HI *
ID 48843
IL 9944103
IN 85-0335IC
IA I-26311
KS
98S000
1427
KY M34790
LA 66063
ME 0-6829
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 695883
NY S275320
NC *
ND U559
OH
20138
OK SE-
320997
OR 98-0080
PA 87-08-
113MF
RI *
SC
MF1122
7
SD 10199
TN RM98-
3643
TX C 39437
UT 006-6364-
13
VT
1/16/98-
18
VA 2609
WA C-
57913-e
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>
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
January 31, 2000 and from June 30, 1999 through January 31, 2000.
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 January
31, 2000 and from June 30, 1999 through January 31, 2000, with
respect to securities reflected in the investment account of the
Company.
UMB SCOUT MONEY MARKET FUND, INC. - PRIME PORTFOLIO
By /s/Ralph R. Santoro
Ralph R. Santoro, Senior Vice President
