INDEPENDENT AUDITORS' REPORT
To the Board of Directors and Shareholders of
Summit Mutual Funds, Inc. - Apex Series
In planning and performing our audits of the financial
statements of Summit Mutual Funds, Inc. - Apex Series (the
"Funds"), including S&P 500 Index Fund, S&P MidCap 400 Index
Fund, Russell 2000 Small Cap Index Fund, Nasdaq-100 Index
Fund, Balanced Index Fund, Lehman Aggregate Bond Index Fund,
Everest Fund, Bond Fund, Short-Term Government Fund, and
Money Market Fund, for the period ended September 30, 2000
(on which we have issued our report dated November 10,
2000), we considered their 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 Funds' internal control.
The management of the Funds 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's objective of preparing
financial statements for external purposes that are fairly
presented in conformity with accounting principles generally
accepted in the United States of America. Those controls
include the safeguarding of assets against unauthorized
acquisition, use, or disposition.
Because of inherent limitations in any internal control,
misstatements due to error 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 the
internal control may become inadequate because of changes in
conditions or that the degree of compliance with policies or
procedures may deteriorate.
Our consideration of the Funds' 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 misstatements caused by error 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 Funds' internal control and their
operation, including controls for safeguarding securities,
that we consider to be material weaknesses as defined above
as of September 30, 2000.
This report is intended solely for the information and use
of management, the Board of Directors and shareholders of
Summit Mutual Funds - Apex Series, and the Securities and
Exchange Commission and is not intended to be and should not
be used by anyone other than these specified parties.
/s/ Deloitte & Touche LLP
DELOITTE & TOUCHE LLP
Chicago, Illinois
November 10, 2000
