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\qc\sl-240\slmult0\widctlpar\tx720\adjustright \cgrid {REPORT OF
INDEPENDENT AUDITORS
\par
\par
\par
\par }\pard \sl-240\slmult0\widctlpar\adjustright {
\par The Board of Trustees
\par of Wayne Hummer Investment Fund Trust
\par
\par }\pard \qj\sl-240\slmult0\widctlpar\adjustright {
In planning and performing our audits of the financial statements of the
Wayne Hummer Investment Trust comprised of the Wayne Hummer Growth Fund,
Wayne Hummer Income Fund and Wayne Hummer Money Fund for the year ended
March 31, 2000 and Wayne Hummer CorePortfolio Fund for the period from
August 2, 2000 (commencement of operations) to March 31, 2000, we
considered its internal control, including control activities for
safeguarding securities, 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 control. Generally,
internal controls that are relevant to an audit pertain to the entity\rquote
s objective
of preparing financial statements for external purposes that are fairly
presented in conformity with generally accepted accounting principles.
Those internal controls include the safeguarding of assets against
unauthorized acquisition, use or disposition.
\par
\par Because of inherent limitations in any internal control, misstatements
due to errors or fraud may occur and not be detected. Also, projections of
any evaluation of internal control to future periods are subject to the risk
that internal control may become inadequate because of changes in
conditions, or that the degree of compliance with the policies or procedures
may deteriorate.
\par }\pard \sl-240\slmult0\widctlpar\adjustright {
\par }\pard \qj\sl-240\slmult0\widctlpar\adjustright {Our consideration of
internal control would not necessarily disclose all matters in 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
specific 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 consolidated 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 internal control, including control activities for safeguarding
securities, and its operation that we consider to be material weaknesses as
defined above as of March 31, 2000.
\par }\pard \sl-240\slmult0\widctlpar\adjustright {
\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 and is not intended to be and should not be used by anyone other
than these specified parties.
\par
\par
\par }\pard \widctlpar\adjustright {\fs20 \tab \tab f4 ERNST & YOUNG LLP//}
{\fs20
\par }{
\par Chicago, Illinois
\par April 28, 2000
\par }}
