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SIGNATURE JEAN M MAURICE
TITLE TREASURER
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
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\par \pard \qc\sl-240\slmult0\widctlpar\tx720 REPORT OF INDEPENDENT AUDITORS
\par
\par
\par
\par \pard \sl-240\slmult0\widctlpar
\par The Board of Trustees
\par Wayne Hummer Investment Fund Trust
\par
\par \pard \qj\sl-240\slmult0\widctlpar In planning and performing our audit
of the financial statements of Wayne Hummer Growth Fund and Wayne Hummer
Income Fund (comprising the Wayne Hummer Investment Fund Trust) for the year
ended March 31, 1998, we considered its internal control, including control
activities for safeguarding securities, in order to determine our auditing
procedures for the purpose of expressing our opinion on the financial
statements and to comply with the requirements of Form N-SAR, and not to
provide assurance on the internal control.
\par \pard \qj\sl-240\slmult0\widctlpar
\par \pard \qj\sl-240\slmult0\widctlpar The management of the Wayne Hummer
Investment Fund Trust is responsible for establishing and maintaining
internal control. In fulfilling this responsibility, estimates and
judgments by management are required to assess the expected benefits and
related costs of controls. Generally, controls that are relevant to an
audit pertain to the entity\rquote s objective of preparing financial stateme
nts for external purposes that are fairly presented in conformity with
generally accepted accounting principles. Those controls include the
safeguarding of assets against unauthorized acquisition, use or disposition.
\par \pard \qj\sl-240\slmult0\widctlpar
\par \pard \qj\sl-240\slmult0\widctlpar Because of inherent limitations in
internal control, errors or fraud may occur and not be detected. Also,
projection of any evaluation of internal control to future periods is subject
to the risk that it may become inadequate because of changes in conditions
or that the effectiveness of the design and operation may deteriorate.
\par \pard \sl-240\slmult0\widctlpar
\par \pard \qj\sl-240\slmult0\widctlpar
Our consideration of the internal control would not necessarily disclose all
matters in the internal control that might be material weaknesses under
standards established by the American Institute of Certified Public
Accountants.
A material weakness is a condition in which the design or operation of one
or more of the internal control components does not reduce to a relatively
low level the risk that errors or fraud in amounts that would be material in
relation to the financial statements being audited may occur and not be
detected within a timely period by employees in the normal course of
performing their assigned functions. However, we noted no matters involving
the internal control and its operation, including procedures for
safeguarding securities, that we consider to be material weaknesses as
defined above as of March 31, 1998.
\par \pard \sl-240\slmult0\widctlpar
\par \pard \sl-240\slmult0\widctlpar This report is intended solely for the
information and use of the Board of Trustees and management of Wayne Hummer
Investment Fund Trust and the Securities and Exchange Commission.
\par \pard \sl-240\slmult0\widctlpar
\par
\par \pard \widctlpar {\fs20 \tab \tab \tab \tab \tab \tab \tab //}{\f8\cchs2
56 ERNST & YOUNG LLP}{\f8 //}{\fs20
\par }\pard \widctlpar {\fs20
\par }\pard \widctlpar
\par Chicago, Illinois
\par May 1, 1998
\par \pard \widctlpar
\par }
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