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SIGNATURE JEAN M MAURICE
TITLE TREASURER
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sl-240\slmult0\widctlpar\tx720 \f4\fs20 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, 1999, 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
\par 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\rquotes objective of
preparing financial statements 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
\par 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, 1999.
\par \pard \sl-240\slmult0\widctlpar
\par 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
\par
\par \pard \widctlpar \tab \tab \tab \tab \tab \tab \tab //{\f8 ERNST & YOUNG
LLP//}
\par
\par
\par Chicago, Illinois
\par April 26, 1999
\par
\par }
