The Board of Directors
Carillon Fund, Inc.:
In planning and performing our audit of the financial
statements of Carillon Fund, Inc. (the "Fund"), including
the Equity Portfolio, Bond Portfolio, S&P 500 Index
Portfolio, S&P Mid Cap 400 Index Portfolio, Balanced Index
Portfolio, and the Lehman Aggregate Bond Index Portfolio,
for the year ended December 31, 1999 (on which we have
issued our report dated February 14, 2000), 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 Fund's
internal control.
The management of the Fund 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 generally accepted accounting
principles. 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 Fund's 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 Fund's internal control and its
operation, including controls for safeguarding securities,
that we consider to be material weaknesses as defined above
as of December 31, 1999.
This report is intended solely for the information and use
of management, the Board of Directors, 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
DELOITTE & TOUCHE LLP
Dayton, Ohio
February 14, 2000
