MANAGEMENT STATEMENT REGARDING COMPLIANCE WITH CERTAIN PROVISIONS OF THE
INVESTMENT COMPANY ACT OF 1940
We, as members of management of Mercantile Mutual Funds, Inc. (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 October 31,
2000, and from September 30,2000 through October 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 October 31, 2000, and from September 30, 2000 through October
31, 2000, with respect to securities reflected in the investment account of the
Company, except that for several securities the books of the Company did not
agree to the Custodian records. These exceptions were the result of the untimely
recording of security transactions in the Custodian records. In each case the
books of the Company were determined to be proper and the Custodian records have
been subsequently corrected.
MERCANTILE MUTUAL FUNDS, INC.
By: /s/Laura Rauman
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Name of Company Official
Vice President
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Title
1/8/01
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Date
By: /s/Joseph Neuberger
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Name of Company Official
Vice President and Assistant Treasurer
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Title
1/8/01
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Date
