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<PAGE> PAGE 12
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<PAGE> PAGE 13
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<PAGE> PAGE 14
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<PAGE> PAGE 16
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<PAGE> PAGE 17
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<PAGE> PAGE 19
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<PAGE> PAGE 20
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<PAGE> PAGE 21
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070 M011100 Y
070 M021100 N
070 N011100 Y
070 N021100 N
070 O011100 Y
070 O021100 N
070 P011100 Y
070 P021100 N
070 Q011100 N
070 Q021100 N
070 R011100 Y
070 R021100 N
071 A001100 13452
071 B001100 18836
071 C001100 29886
071 D001100 45
072 A001100 12
072 B001100 1149
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072 J001100 17
072 K001100 0
072 L001100 0
072 M001100 7
072 N001100 13
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072 S001100 0
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072 Y001100 9
072 Z001100 995
072AA001100 588
072BB001100 0
072CC011100 22
072CC021100 0
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072DD021100 0
<PAGE> PAGE 22
072EE001100 1849
073 A011100 0.3440
073 A021100 0.0000
073 B001100 0.7760
073 C001100 0.0000
074 A001100 21
074 B001100 0
074 C001100 0
074 D001100 14644
074 E001100 0
074 F001100 11280
074 G001100 0
074 H001100 0
074 I001100 0
074 J001100 18
074 K001100 0
074 L001100 335
074 M001100 287
074 N001100 26585
074 O001100 16
074 P001100 27
074 Q001100 0
074 R011100 0
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074 R031100 0
074 R041100 27
074 S001100 0
074 T001100 26515
074 U011100 2395
074 U021100 0
074 V011100 11.07
074 V021100 0.00
074 W001100 0.0000
074 X001100 292
074 Y001100 0
075 A001100 0
075 B001100 31959
076 001100 0.00
015 A001201 BOSTON SAFE DEPOSIT & TRUST COMPANY
015 B001201 C
015 C011201 MEDFORD
015 C021201 MA
015 C031201 02155
015 C041201 5159
015 E011201 X
028 A011200 1142
028 A021200 0
028 A031200 0
028 A041200 3261
028 B011200 1192
028 B021200 647
<PAGE> PAGE 23
028 B031200 0
028 B041200 2321
028 C011200 1167
028 C021200 0
028 C031200 0
028 C041200 2907
028 D011200 4406
028 D021200 0
028 D031200 0
028 D041200 4599
028 E011200 773
028 E021200 0
028 E031200 0
028 E041200 1118
028 F011200 643
028 F021200 0
028 F031200 0
028 F041200 2368
028 G011200 9323
028 G021200 647
028 G031200 0
028 G041200 16574
028 H001200 0
045 001200 Y
046 001200 N
047 001200 Y
048 001200 1.000
048 A011200 0
048 A021200 0.000
048 B011200 0
048 B021200 0.000
048 C011200 0
048 C021200 0.000
048 D011200 0
048 D021200 0.000
048 E011200 0
048 E021200 0.000
048 F011200 0
048 F021200 0.000
048 G011200 0
048 G021200 0.000
048 H011200 0
048 H021200 0.000
048 I011200 0
048 I021200 0.000
048 J011200 0
048 J021200 0.000
048 K011200 0
048 K021200 0.000
049 001200 N
050 001200 N
<PAGE> PAGE 24
051 001200 N
052 001200 N
053 A001200 N
058 A001200 N
059 001200 Y
060 A001200 Y
060 B001200 Y
061 001200 2000
062 A001200 N
062 B001200 0.0
062 C001200 0.0
062 D001200 0.0
062 E001200 0.0
062 F001200 0.0
062 G001200 0.0
062 H001200 0.0
062 I001200 0.0
062 J001200 0.0
062 K001200 0.0
062 L001200 0.0
062 M001200 0.0
062 N001200 0.0
062 O001200 0.0
062 P001200 0.0
062 Q001200 0.0
062 R001200 0.0
066 A001200 Y
066 B001200 N
066 C001200 N
066 D001200 Y
066 E001200 N
066 F001200 N
066 G001200 N
067 001200 N
068 A001200 N
068 B001200 N
069 001200 N
070 A011200 Y
070 A021200 N
070 B011200 Y
070 B021200 N
070 C011200 Y
070 C021200 N
070 D011200 Y
070 D021200 N
070 E011200 N
070 E021200 N
070 F011200 Y
070 F021200 N
070 G011200 Y
070 G021200 N
<PAGE> PAGE 25
070 H011200 Y
070 H021200 N
070 I011200 N
070 I021200 N
070 J011200 Y
070 J021200 N
070 K011200 Y
070 K021200 Y
070 L011200 Y
070 L021200 Y
070 M011200 Y
070 M021200 N
070 N011200 Y
070 N021200 N
070 O011200 Y
070 O021200 N
070 P011200 Y
070 P021200 N
070 Q011200 N
070 Q021200 N
070 R011200 Y
070 R021200 N
071 A001200 51215
071 B001200 55007
071 C001200 65869
071 D001200 78
072 A001200 12
072 B001200 1759
072 C001200 770
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072 G001200 0
072 H001200 0
072 I001200 17
072 J001200 27
072 K001200 0
072 L001200 0
072 M001200 7
072 N001200 0
072 O001200 0
072 P001200 0
072 Q001200 0
072 R001200 20
072 S001200 0
072 T001200 0
072 U001200 0
072 V001200 0
072 W001200 38
072 X001200 813
072 Y001200 0
<PAGE> PAGE 26
072 Z001200 1716
072AA001200 3483
072BB001200 0
072CC011200 1893
072CC021200 0
072DD011200 1641
072DD021200 0
072EE001200 4195
073 A011200 0.3080
073 A021200 0.0000
073 B001200 0.7980
073 C001200 0.0000
074 A001200 50
074 B001200 0
074 C001200 0
074 D001200 25760
074 E001200 0
074 F001200 37954
074 G001200 0
074 H001200 0
074 I001200 0
074 J001200 634
074 K001200 0
074 L001200 452
074 M001200 604
074 N001200 65454
074 O001200 47
074 P001200 1
074 Q001200 0
074 R011200 0
074 R021200 0
074 R031200 0
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074 S001200 0
074 T001200 65205
074 U011200 5118
074 U021200 0
074 V011200 12.74
074 V021200 0.00
074 W001200 0.0000
074 X001200 893
074 Y001200 0
075 A001200 0
075 B001200 69927
076 001200 0.00
015 A001301 BOSTON SAFE DEPOSIT & TRUST COMPANY
015 B001301 C
015 C011301 MEDFORD
015 C021301 MA
015 C031301 02155
015 C041301 5159
<PAGE> PAGE 27
015 E011301 X
028 A011300 2
028 A021300 0
028 A031300 0
028 A041300 40
028 B011300 12
028 B021300 14
028 B031300 0
028 B041300 43
028 C011300 0
028 C021300 0
028 C031300 0
028 C041300 12
028 D011300 0
028 D021300 0
028 D031300 0
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028 E031300 0
028 E041300 26
028 F011300 25
028 F021300 0
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028 F041300 30
028 G011300 39
028 G021300 28
028 G031300 0
028 G041300 151
028 H001300 0
045 001300 Y
046 001300 N
047 001300 Y
048 001300 0.350
048 A011300 0
048 A021300 0.000
048 B011300 0
048 B021300 0.000
048 C011300 0
048 C021300 0.000
048 D011300 0
048 D021300 0.000
048 E011300 0
048 E021300 0.000
048 F011300 0
048 F021300 0.000
048 G011300 0
048 G021300 0.000
048 H011300 0
048 H021300 0.000
048 I011300 0
<PAGE> PAGE 28
048 I021300 0.000
048 J011300 0
048 J021300 0.000
048 K011300 0
048 K021300 0.000
049 001300 N
050 001300 N
051 001300 N
052 001300 N
053 A001300 Y
053 B001300 Y
053 C001300 N
058 A001300 N
059 001300 Y
060 A001300 Y
060 B001300 Y
061 001300 2000
062 A001300 Y
062 B001300 5.3
062 C001300 0.0
062 D001300 0.0
062 E001300 0.0
062 F001300 0.0
062 G001300 0.0
062 H001300 0.0
062 I001300 0.0
062 J001300 0.0
062 K001300 0.0
062 L001300 0.0
062 M001300 69.3
062 N001300 21.0
062 O001300 0.0
062 P001300 0.0
062 Q001300 0.0
062 R001300 0.0
063 A001300 0
063 B001300 2.5
064 A001300 N
064 B001300 N
066 A001300 N
067 001300 N
068 A001300 N
068 B001300 N
069 001300 N
070 A011300 Y
070 A021300 N
070 B011300 Y
070 B021300 N
070 C011300 Y
070 C021300 N
070 D011300 N
<PAGE> PAGE 29
070 D021300 N
070 E011300 N
070 E021300 N
070 F011300 N
070 F021300 N
070 G011300 Y
070 G021300 N
070 H011300 N
070 H021300 N
070 I011300 N
070 I021300 N
070 J011300 Y
070 J021300 N
070 K011300 Y
070 K021300 Y
070 L011300 Y
070 L021300 N
070 M011300 Y
070 M021300 N
070 N011300 Y
070 N021300 N
070 O011300 Y
070 O021300 N
070 P011300 Y
070 P021300 N
070 Q011300 N
070 Q021300 N
070 R011300 Y
070 R021300 N
071 A001300 971
071 B001300 681
071 C001300 1206
071 D001300 56
072 A001300 12
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072 F001300 5
072 G001300 0
072 H001300 0
072 I001300 0
072 J001300 1
072 K001300 0
072 L001300 0
072 M001300 7
072 N001300 3
072 O001300 0
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072 R001300 10
<PAGE> PAGE 30
072 S001300 5
072 T001300 0
072 U001300 0
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072 W001300 2
072 X001300 33
072 Y001300 23
072 Z001300 58
072AA001300 0
072BB001300 9
072CC011300 0
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072DD011300 55
072DD021300 0
072EE001300 4
073 A011300 0.4170
073 A021300 0.0000
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073 C001300 0.0000
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074 C001300 74
074 D001300 1259
074 E001300 0
074 F001300 0
074 G001300 0
074 H001300 0
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074 L001300 23
074 M001300 47
074 N001300 1421
074 O001300 0
074 P001300 0
074 Q001300 0
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074 R031300 0
074 R041300 27
074 S001300 0
074 T001300 1394
074 U011300 137
074 U021300 0
074 V011300 10.19
074 V021300 0.00
074 W001300 0.0000
074 X001300 26
074 Y001300 0
075 A001300 0
075 B001300 1398
<PAGE> PAGE 31
076 001300 0.00
015 A001401 BOSTON SAFE DEPOSIT & TRUST COMPANY
015 B001401 C
015 C011401 MEDFORD
015 C021401 MA
015 C031401 02155
015 C041401 5159
015 E011401 X
028 A011400 5
028 A021400 0
028 A031400 0
028 A041400 0
028 B011400 0
028 B021400 7
028 B031400 0
028 B041400 31
028 C011400 0
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028 C031400 0
028 C041400 5
028 D011400 0
028 D021400 0
028 D031400 0
028 D041400 44
028 E011400 0
028 E021400 6
028 E031400 0
028 E041400 6
028 F011400 0
028 F021400 0
028 F031400 0
028 F041400 1
028 G011400 5
028 G021400 13
028 G031400 0
028 G041400 87
028 H001400 0
045 001400 Y
046 001400 N
047 001400 Y
048 001400 0.450
048 A011400 0
048 A021400 0.000
048 B011400 0
048 B021400 0.000
048 C011400 0
048 C021400 0.000
048 D011400 0
048 D021400 0.000
048 E011400 0
048 E021400 0.000
<PAGE> PAGE 32
048 F011400 0
048 F021400 0.000
048 G011400 0
048 G021400 0.000
048 H011400 0
048 H021400 0.000
048 I011400 0
048 I021400 0.000
048 J011400 0
048 J021400 0.000
048 K011400 0
048 K021400 0.000
049 001400 N
050 001400 N
051 001400 N
052 001400 N
053 A001400 Y
053 B001400 Y
053 C001400 N
058 A001400 N
059 001400 Y
060 A001400 Y
060 B001400 Y
061 001400 2000
062 A001400 Y
062 B001400 0.0
062 C001400 0.0
062 D001400 0.0
062 E001400 0.0
062 F001400 0.0
062 G001400 0.0
062 H001400 0.0
062 I001400 0.0
062 J001400 0.0
062 K001400 0.0
062 L001400 0.0
062 M001400 75.5
062 N001400 22.4
062 O001400 0.0
062 P001400 0.0
062 Q001400 0.0
062 R001400 0.0
063 A001400 0
063 B001400 4.7
064 A001400 N
064 B001400 N
066 A001400 N
067 001400 N
068 A001400 N
068 B001400 N
069 001400 N
<PAGE> PAGE 33
070 A011400 Y
070 A021400 N
070 B011400 Y
070 B021400 N
070 C011400 Y
070 C021400 N
070 D011400 N
070 D021400 N
070 E011400 N
070 E021400 N
070 F011400 N
070 F021400 N
070 G011400 Y
070 G021400 N
070 H011400 N
070 H021400 N
070 I011400 N
070 I021400 N
070 J011400 Y
070 J021400 N
070 K011400 Y
070 K021400 Y
070 L011400 Y
070 L021400 N
070 M011400 Y
070 M021400 N
070 N011400 Y
070 N021400 N
070 O011400 Y
070 O021400 N
070 P011400 Y
070 P021400 N
070 Q011400 N
070 Q021400 N
070 R011400 Y
070 R021400 N
071 A001400 217
071 B001400 279
071 C001400 598
071 D001400 36
072 A001400 12
072 B001400 37
072 C001400 0
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072 F001400 3
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072 K001400 0
<PAGE> PAGE 34
072 L001400 0
072 M001400 7
072 N001400 3
072 O001400 0
072 P001400 0
072 Q001400 0
072 R001400 10
072 S001400 5
072 T001400 0
072 U001400 0
072 V001400 0
072 W001400 1
072 X001400 30
072 Y001400 25
072 Z001400 32
072AA001400 6
072BB001400 0
072CC011400 0
072CC021400 44
072DD011400 33
072DD021400 0
072EE001400 5
073 A011400 0.5220
073 A021400 0.0000
073 B001400 0.0770
073 C001400 0.0000
074 A001400 0
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074 C001400 0
074 D001400 546
074 E001400 0
074 F001400 0
074 G001400 0
074 H001400 0
074 I001400 0
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074 K001400 22
074 L001400 10
074 M001400 8
074 N001400 586
074 O001400 0
074 P001400 0
074 Q001400 0
074 R011400 0
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074 R031400 0
074 R041400 29
074 S001400 0
074 T001400 557
074 U011400 57
074 U021400 0
<PAGE> PAGE 35
074 V011400 9.80
074 V021400 0.00
074 W001400 0.0000
074 X001400 24
074 Y001400 0
075 A001400 0
075 B001400 620
076 001400 0.00
015 A001501 BOSTON SAFE DEPOSIT & TRUST COMPANY
015 B001501 C
015 C011501 MEDFORD
015 C021501 MA
015 C031501 02155
015 C041501 5159
015 E011501 X
028 A011500 6
028 A021500 0
028 A031500 0
028 A041500 8
028 B011500 4
028 B021500 13
028 B031500 0
028 B041500 45
028 C011500 4
028 C021500 0
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028 C041500 14
028 D011500 2
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028 E011500 1
028 E021500 12
028 E031500 0
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028 F041500 9
028 G011500 18
028 G021500 25
028 G031500 0
028 G041500 80
028 H001500 0
045 001500 Y
046 001500 N
047 001500 Y
048 001500 0.500
048 A011500 0
048 A021500 0.000
048 B011500 0
<PAGE> PAGE 36
048 B021500 0.000
048 C011500 0
048 C021500 0.000
048 D011500 0
048 D021500 0.000
048 E011500 0
048 E021500 0.000
048 F011500 0
048 F021500 0.000
048 G011500 0
048 G021500 0.000
048 H011500 0
048 H021500 0.000
048 I011500 0
048 I021500 0.000
048 J011500 0
048 J021500 0.000
048 K011500 0
048 K021500 0.000
049 001500 N
050 001500 N
051 001500 N
052 001500 N
053 A001500 Y
053 B001500 Y
053 C001500 N
058 A001500 N
059 001500 Y
060 A001500 Y
060 B001500 Y
061 001500 2000
062 A001500 Y
062 B001500 0.0
062 C001500 0.0
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062 E001500 0.0
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062 G001500 0.0
062 H001500 0.0
062 I001500 0.0
062 J001500 0.0
062 K001500 0.0
062 L001500 0.0
062 M001500 68.9
062 N001500 28.3
062 O001500 0.0
062 P001500 0.0
062 Q001500 0.0
062 R001500 0.0
063 A001500 0
063 B001500 10.8
<PAGE> PAGE 37
064 A001500 N
064 B001500 N
066 A001500 N
067 001500 N
068 A001500 N
068 B001500 N
069 001500 N
070 A011500 Y
070 A021500 N
070 B011500 Y
070 B021500 N
070 C011500 Y
070 C021500 N
070 D011500 N
070 D021500 N
070 E011500 N
070 E021500 N
070 F011500 N
070 F021500 N
070 G011500 Y
070 G021500 N
070 H011500 N
070 H021500 N
070 I011500 N
070 I021500 N
070 J011500 Y
070 J021500 N
070 K011500 Y
070 K021500 Y
070 L011500 Y
070 L021500 N
070 M011500 Y
070 M021500 N
070 N011500 Y
070 N021500 N
070 O011500 Y
070 O021500 N
070 P011500 Y
070 P021500 N
070 Q011500 N
070 Q021500 N
070 R011500 Y
070 R021500 N
071 A001500 337
071 B001500 796
071 C001500 1150
071 D001500 29
072 A001500 12
072 B001500 70
072 C001500 0
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<PAGE> PAGE 38
072 E001500 0
072 F001500 6
072 G001500 0
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072 I001500 0
072 J001500 2
072 K001500 0
072 L001500 0
072 M001500 7
072 N001500 3
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072 P001500 0
072 Q001500 0
072 R001500 10
072 S001500 5
072 T001500 0
072 U001500 0
072 V001500 0
072 W001500 1
072 X001500 34
072 Y001500 24
072 Z001500 60
072AA001500 35
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072DD021500 0
072EE001500 40
073 A011500 0.5260
073 A021500 0.0000
073 B001500 0.2490
073 C001500 0.0000
074 A001500 0
074 B001500 0
074 C001500 0
074 D001500 1001
074 E001500 0
074 F001500 0
074 G001500 0
074 H001500 0
074 I001500 0
074 J001500 0
074 K001500 18
074 L001500 15
074 M001500 24
074 N001500 1058
074 O001500 0
074 P001500 0
074 Q001500 0
074 R011500 0
<PAGE> PAGE 39
074 R021500 0
074 R031500 0
074 R041500 28
074 S001500 0
074 T001500 1030
074 U011500 102
074 U021500 0
074 V011500 10.05
074 V021500 0.00
074 W001500 0.0000
074 X001500 35
074 Y001500 0
075 A001500 0
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076 001500 0.00
SIGNATURE BETH H. GALUSHA
TITLE MUTUAL FUND CFO
[ARTICLE] 6
[LEGEND]
[RESTATED]
[CIK] 0000751173
[NAME] EXETER FUND, INC.
[SERIES]
[NAME] EXETER FUND BLENDED ASSET SERIES 1
[NUMBER] 11
[MULTIPLIER] 1
[CURRENCY] 1
[FISCAL-YEAR-END] OCT-31-1999
[PERIOD-START] NOV-01-1998
[PERIOD-END] OCT-31-1999
[PERIOD-TYPE] 1-YEAR
[EXCHANGE-RATE] 1
[INVESTMENTS-AT-COST] 26490920
[INVESTMENTS-AT-VALUE] 26210354
[RECEIVABLES] 353543
[ASSETS-OTHER] 21182
[OTHER-ITEMS-ASSETS] 0
[TOTAL-ASSETS] 26585079
[PAYABLE-FOR-SECURITIES] 15842
[SENIOR-LONG-TERM-DEBT] 0
[OTHER-ITEMS-LIABILITIES] 54060
[TOTAL-LIABILITIES] 69902
[SENIOR-EQUITY] 0
[PAID-IN-CAPITAL-COMMON] 25761635
[SHARES-COMMON-STOCK] 2395134
[SHARES-COMMON-PRIOR] 2785586
[ACCUMULATED-NII-CURRENT] 526915
[OVERDISTRIBUTION-NII] 0
[ACCUMULATED-NET-GAINS] 507200
[OVERDISTRIBUTION-GAINS] 0
[ACCUM-APPREC-OR-DEPREC] (280573)
[NET-ASSETS] 26515177
[DIVIDEND-INCOME] 232930
[INTEREST-INCOME] 1148625
[OTHER-INCOME] 0
[EXPENSES-NET] 386670
[NET-INVESTMENT-INCOME] 994885
[REALIZED-GAINS-CURRENT] 588481
[APPREC-INCREASE-CURRENT] 22061
[NET-CHANGE-FROM-OPS] 1605427
[EQUALIZATION] 0
[DISTRIBUTIONS-OF-INCOME] 970289
[DISTRIBUTIONS-OF-GAINS] 1849031
[DISTRIBUTIONS-OTHER] 0
[NUMBER-OF-SHARES-SOLD] 724072
[NUMBER-OF-SHARES-REDEEMED] 1370353
[SHARES-REINVESTED] 255829
[NET-CHANGE-IN-ASSETS] (5776040)
[ACCUMULATED-NII-PRIOR] 502925
[ACCUMULATED-GAINS-PRIOR] 1767144
[OVERDISTRIB-NII-PRIOR] 0
[OVERDIST-NET-GAINS-PRIOR] 0
[GROSS-ADVISORY-FEES] 322226
[INTEREST-EXPENSE] 0
[GROSS-EXPENSE] 395713
[AVERAGE-NET-ASSETS] 31959484
[PER-SHARE-NAV-BEGIN] 11.59
[PER-SHARE-NII] 0.383
[PER-SHARE-GAIN-APPREC] 0.217
[PER-SHARE-DIVIDEND] 0.344
[PER-SHARE-DISTRIBUTIONS] 0.776
[RETURNS-OF-CAPITAL] 0
[PER-SHARE-NAV-END] 11.07
[EXPENSE-RATIO] 1.20
[AVG-DEBT-OUTSTANDING] 0
[AVG-DEBT-PER-SHARE] 0
[ARTICLE] 6
[LEGEND]
[RESTATED]
[CIK] 0000751173
[NAME] EXETER FUND, INC.
[SERIES]
[NAME] EXETER FUND BLENDED ASSET SERIES 2
[NUMBER] 12
[MULTIPLIER] 1
[CURRENCY] 1
[FISCAL-YEAR-END] OCT-31-1999
[PERIOD-START] NOV-01-1998
[PERIOD-END] OCT-31-1999
[PERIOD-TYPE] 1-YEAR
[EXCHANGE-RATE] 1
[INVESTMENTS-AT-COST] 66396955
[INVESTMENTS-AT-VALUE] 64318326
[RECEIVABLES] 1085205
[ASSETS-OTHER] 50516
[OTHER-ITEMS-ASSETS] 0
[TOTAL-ASSETS] 65454047
[PAYABLE-FOR-SECURITIES] 47525
[SENIOR-LONG-TERM-DEBT] 0
[OTHER-ITEMS-LIABILITIES] 201776
[TOTAL-LIABILITIES] 249301
[SENIOR-EQUITY] 0
[PAID-IN-CAPITAL-COMMON] 63161714
[SHARES-COMMON-STOCK] 5117865
[SHARES-COMMON-PRIOR] 5234961
[ACCUMULATED-NII-CURRENT] 873829
[OVERDISTRIBUTION-NII] 0
[ACCUMULATED-NET-GAINS] 3247854
[OVERDISTRIBUTION-GAINS] 0
[ACCUM-APPREC-OR-DEPREC] (2078651)
[NET-ASSETS] 65204746
[DIVIDEND-INCOME] 769604
[INTEREST-INCOME] 1759179
[OTHER-INCOME] 0
[EXPENSES-NET] 812535
[NET-INVESTMENT-INCOME] 1716248
[REALIZED-GAINS-CURRENT] 3482912
[APPREC-INCREASE-CURRENT] 1892935
[NET-CHANGE-FROM-OPS] 7092095
[EQUALIZATION] 0
[DISTRIBUTIONS-OF-INCOME] 1640967
[DISTRIBUTIONS-OF-GAINS] 4195324
[DISTRIBUTIONS-OTHER] 0
[NUMBER-OF-SHARES-SOLD] 1929179
[NUMBER-OF-SHARES-REDEEMED] 2526247
[SHARES-REINVESTED] 479972
[NET-CHANGE-IN-ASSETS] (768276)
[ACCUMULATED-NII-PRIOR] 798686
[ACCUMULATED-GAINS-PRIOR] 3960153
[OVERDISTRIB-NII-PRIOR] 0
[OVERDIST-NET-GAINS-PRIOR] 0
[GROSS-ADVISORY-FEES] 704085
[INTEREST-EXPENSE] 0
[GROSS-EXPENSE] 812535
[AVERAGE-NET-ASSETS] 69927106
[PER-SHARE-NAV-BEGIN] 12.60
[PER-SHARE-NII] 0.326
[PER-SHARE-GAIN-APPREC] 0.920
[PER-SHARE-DIVIDEND] 0.308
[PER-SHARE-DISTRIBUTIONS] 0.798
[RETURNS-OF-CAPITAL] 0
[PER-SHARE-NAV-END] 12.74
[EXPENSE-RATIO] 1.15
[AVG-DEBT-OUTSTANDING] 0
[AVG-DEBT-PER-SHARE] 0
[ARTICLE] 6
[LEGEND]
[RESTATED]
[CIK] 0000751173
[NAME] EXETER FUND, INC.
[SERIES]
[NAME] EXETER FUND DEFENSIVE SERIES
[NUMBER] 2
[MULTIPLIER] 1
[CURRENCY] 1
[FISCAL-YEAR-END] OCT-31-1999
[PERIOD-START] NOV-01-1998
[PERIOD-END] OCT-31-1999
[PERIOD-TYPE] 1-YEAR
[EXCHANGE-RATE] 1
[INVESTMENTS-AT-COST] 4854535
[INVESTMENTS-AT-VALUE] 4781508
[RECEIVABLES] 63346
[ASSETS-OTHER] 7876
[OTHER-ITEMS-ASSETS] 0
[TOTAL-ASSETS] 4852730
[PAYABLE-FOR-SECURITIES] 1201
[SENIOR-LONG-TERM-DEBT] 0
[OTHER-ITEMS-LIABILITIES] 14771
[TOTAL-LIABILITIES] 15972
[SENIOR-EQUITY] 0
[PAID-IN-CAPITAL-COMMON] 4760974
[SHARES-COMMON-STOCK] 455382
[SHARES-COMMON-PRIOR] 528593
[ACCUMULATED-NII-CURRENT] 117154
[OVERDISTRIBUTION-NII] 0
[ACCUMULATED-NET-GAINS] 31657
[OVERDISTRIBUTION-GAINS] 0
[ACCUM-APPREC-OR-DEPREC] (73027)
[NET-ASSETS] 4836758
[DIVIDEND-INCOME] 15215
[INTEREST-INCOME] 277924
[OTHER-INCOME] 0
[EXPENSES-NET] 57721
[NET-INVESTMENT-INCOME] 235418
[REALIZED-GAINS-CURRENT] 39396
[APPREC-INCREASE-CURRENT] (154121)
[NET-CHANGE-FROM-OPS] 120693
[EQUALIZATION] 0
[DISTRIBUTIONS-OF-INCOME] 212396
[DISTRIBUTIONS-OF-GAINS] 20762
[DISTRIBUTIONS-OTHER] 0
[NUMBER-OF-SHARES-SOLD] 149871
[NUMBER-OF-SHARES-REDEEMED] 245016
[SHARES-REINVESTED] 21934
[NET-CHANGE-IN-ASSETS] (896401)
[ACCUMULATED-NII-PRIOR] 99985
[ACCUMULATED-GAINS-PRIOR] 7170
[OVERDISTRIB-NII-PRIOR] 0
[OVERDIST-NET-GAINS-PRIOR] 0
[GROSS-ADVISORY-FEES] 46160
[INTEREST-EXPENSE] 0
[GROSS-EXPENSE] 90373
[AVERAGE-NET-ASSETS] 5725048
[PER-SHARE-NAV-BEGIN] 10.85
[PER-SHARE-NII] 0.462
[PER-SHARE-GAIN-APPREC] (0.275)
[PER-SHARE-DIVIDEND] 0.380
[PER-SHARE-DISTRIBUTIONS] 0.037
[RETURNS-OF-CAPITAL] 0
[PER-SHARE-NAV-END] 10.62
[EXPENSE-RATIO] 1.00
[AVG-DEBT-OUTSTANDING] 0
[AVG-DEBT-PER-SHARE] 0
[ARTICLE] 6
[LEGEND]
[RESTATED]
[CIK] 0000751173
[NAME] EXETER FUND, INC.
[SERIES]
[NAME] EXETER FUND FLEXIBLE YIELD SERIES 1
[NUMBER] 13
[MULTIPLIER] 1
[CURRENCY] 1
[FISCAL-YEAR-END] OCT-31-1999
[PERIOD-START] NOV-01-1998
[PERIOD-END] OCT-31-1999
[PERIOD-TYPE] 1-YEAR
[EXCHANGE-RATE] 1
[INVESTMENTS-AT-COST] 1407839
[INVESTMENTS-AT-VALUE] 1380632
[RECEIVABLES] 40530
[ASSETS-OTHER] 0
[OTHER-ITEMS-ASSETS] 0
[TOTAL-ASSETS] 1421162
[PAYABLE-FOR-SECURITIES] 0
[SENIOR-LONG-TERM-DEBT] 0
[OTHER-ITEMS-LIABILITIES] 27618
[TOTAL-LIABILITIES] 27618
[SENIOR-EQUITY] 0
[PAID-IN-CAPITAL-COMMON] 1418452
[SHARES-COMMON-STOCK] 136704
[SHARES-COMMON-PRIOR] 108126
[ACCUMULATED-NII-CURRENT] 11784
[OVERDISTRIBUTION-NII] 0
[ACCUMULATED-NET-GAINS] (9485)
[OVERDISTRIBUTION-GAINS] 0
[ACCUM-APPREC-OR-DEPREC] (27207)
[NET-ASSETS] 1393544
[DIVIDEND-INCOME] 0
[INTEREST-INCOME] 68062
[OTHER-INCOME] 0
[EXPENSES-NET] 9746
[NET-INVESTMENT-INCOME] 58316
[REALIZED-GAINS-CURRENT] (8740)
[APPREC-INCREASE-CURRENT] (41220)
[NET-CHANGE-FROM-OPS] 8356
[EQUALIZATION] 0
[DISTRIBUTIONS-OF-INCOME] 54613
[DISTRIBUTIONS-OF-GAINS] 3806
[DISTRIBUTIONS-OTHER] 0
[NUMBER-OF-SHARES-SOLD] 102284
[NUMBER-OF-SHARES-REDEEMED] 79406
[SHARES-REINVESTED] 5700
[NET-CHANGE-IN-ASSETS] 249675
[ACCUMULATED-NII-PRIOR] 8180
[ACCUMULATED-GAINS-PRIOR] 2962
[OVERDISTRIB-NII-PRIOR] 0
[OVERDIST-NET-GAINS-PRIOR] 0
[GROSS-ADVISORY-FEES] 4873
[INTEREST-EXPENSE] 0
[GROSS-EXPENSE] 32830
[AVERAGE-NET-ASSETS] 1398493
[PER-SHARE-NAV-BEGIN] 10.58
[PER-SHARE-NII] 0.427
[PER-SHARE-GAIN-APPREC] (0.367)
[PER-SHARE-DIVIDEND] 0.417
[PER-SHARE-DISTRIBUTIONS] 0.033
[RETURNS-OF-CAPITAL] 0
[PER-SHARE-NAV-END] 10.19
[EXPENSE-RATIO] 0.70
[AVG-DEBT-OUTSTANDING] 0
[AVG-DEBT-PER-SHARE] 0
[ARTICLE] 6
[LEGEND]
[RESTATED]
[CIK] 0000751173
[NAME] EXETER FUND, INC.
[SERIES]
[NAME] EXETER FUND FLEXIBLE YIELD SERIES 2
[NUMBER] 14
[MULTIPLIER] 1
[CURRENCY] 1
[FISCAL-YEAR-END] OCT-31-1999
[PERIOD-START] NOV-01-1998
[PERIOD-END] OCT-31-1999
[PERIOD-TYPE] 1-YEAR
[EXCHANGE-RATE] 1
[INVESTMENTS-AT-COST] 552318
[INVESTMENTS-AT-VALUE] 553897
[RECEIVABLES] 31624
[ASSETS-OTHER] 20
[OTHER-ITEMS-ASSETS] 0
[TOTAL-ASSETS] 585541
[PAYABLE-FOR-SECURITIES] 0
[SENIOR-LONG-TERM-DEBT] 0
[OTHER-ITEMS-LIABILITIES] 28100
[TOTAL-LIABILITIES] 28100
[SENIOR-EQUITY] 0
[PAID-IN-CAPITAL-COMMON] 543368
[SHARES-COMMON-STOCK] 56899
[SHARES-COMMON-PRIOR] 66609
[ACCUMULATED-NII-CURRENT] 7796
[OVERDISTRIBUTION-NII] 0
[ACCUMULATED-NET-GAINS] 4698
[OVERDISTRIBUTION-GAINS] 0
[ACCUM-APPREC-OR-DEPREC] 1579
[NET-ASSETS] 557441
[DIVIDEND-INCOME] 0
[INTEREST-INCOME] 36989
[OTHER-INCOME] 0
[EXPENSES-NET] 4988
[NET-INVESTMENT-INCOME] 32001
[REALIZED-GAINS-CURRENT] 5625
[APPREC-INCREASE-CURRENT] (44376)
[NET-CHANGE-FROM-OPS] (6750)
[EQUALIZATION] 0
[DISTRIBUTIONS-OF-INCOME] 32631
[DISTRIBUTIONS-OF-GAINS] 5048
[DISTRIBUTIONS-OTHER] 0
[NUMBER-OF-SHARES-SOLD] 5972
[NUMBER-OF-SHARES-REDEEMED] 19442
[SHARES-REINVESTED] 3760
[NET-CHANGE-IN-ASSETS] (141888)
[ACCUMULATED-NII-PRIOR] 7807
[ACCUMULATED-GAINS-PRIOR] 4740
[OVERDISTRIB-NII-PRIOR] 0
[OVERDIST-NET-GAINS-PRIOR] 0
[GROSS-ADVISORY-FEES] 2805
[INTEREST-EXPENSE] 0
[GROSS-EXPENSE] 29682
[AVERAGE-NET-ASSETS] 620366
[PER-SHARE-NAV-BEGIN] 10.50
[PER-SHARE-NII] 0.541
[PER-SHARE-GAIN-APPREC] (0.642)
[PER-SHARE-DIVIDEND] 0.522
[PER-SHARE-DISTRIBUTIONS] 0.077
[RETURNS-OF-CAPITAL] 0
[PER-SHARE-NAV-END] 9.80
[EXPENSE-RATIO] 0.80
[AVG-DEBT-OUTSTANDING] 0
[AVG-DEBT-PER-SHARE] 0
[ARTICLE] 6
[LEGEND]
[RESTATED]
[CIK] 0000751173
[NAME] EXETER FUND, INC.
[SERIES]
[NAME] EXETER FUND FLEXIBLE YIELD SERIES 3
[NUMBER] 15
[MULTIPLIER] 1
[CURRENCY] 1
[FISCAL-YEAR-END] OCT-31-1999
[PERIOD-START] NOV-01-1998
[PERIOD-END] OCT-31-1999
[PERIOD-TYPE] 1-YEAR
[EXCHANGE-RATE] 1
[INVESTMENTS-AT-COST] 1007702
[INVESTMENTS-AT-VALUE] 1024491
[RECEIVABLES] 33189
[ASSETS-OTHER] 60
[OTHER-ITEMS-ASSETS] 0
[TOTAL-ASSETS] 1057740
[PAYABLE-FOR-SECURITIES] 0
[SENIOR-LONG-TERM-DEBT] 0
[OTHER-ITEMS-LIABILITIES] 27810
[TOTAL-LIABILITIES] 27810
[SENIOR-EQUITY] 0
[PAID-IN-CAPITAL-COMMON] 968030
[SHARES-COMMON-STOCK] 102432
[SHARES-COMMON-PRIOR] 158052
[ACCUMULATED-NII-CURRENT] 12552
[OVERDISTRIBUTION-NII] 0
[ACCUMULATED-NET-GAINS] 32559
[OVERDISTRIBUTION-GAINS] 0
[ACCUM-APPREC-OR-DEPREC] 16789
[NET-ASSETS] 1029930
[DIVIDEND-INCOME] 0
[INTEREST-INCOME] 69660
[OTHER-INCOME] 0
[EXPENSES-NET] 10096
[NET-INVESTMENT-INCOME] 59564
[REALIZED-GAINS-CURRENT] 34689
[APPREC-INCREASE-CURRENT] (121104)
[NET-CHANGE-FROM-OPS] (26851)
[EQUALIZATION] 0
[DISTRIBUTIONS-OF-INCOME] 65659
[DISTRIBUTIONS-OF-GAINS] 40247
[DISTRIBUTIONS-OTHER] 0
[NUMBER-OF-SHARES-SOLD] 25257
[NUMBER-OF-SHARES-REDEEMED] 90772
[SHARES-REINVESTED] 9895
[NET-CHANGE-IN-ASSETS] (718741)
[ACCUMULATED-NII-PRIOR] 16515
[ACCUMULATED-GAINS-PRIOR] 40249
[OVERDISTRIB-NII-PRIOR] 0
[OVERDIST-NET-GAINS-PRIOR] 0
[GROSS-ADVISORY-FEES] 5939
[INTEREST-EXPENSE] 0
[GROSS-EXPENSE] 34129
[AVERAGE-NET-ASSETS] 1187316
[PER-SHARE-NAV-BEGIN] 11.06
[PER-SHARE-NII] 0.567
[PER-SHARE-GAIN-APPREC] (0.802)
[PER-SHARE-DIVIDEND] 0.526
[PER-SHARE-DISTRIBUTIONS] 0.249
[RETURNS-OF-CAPITAL] 0
[PER-SHARE-NAV-END] 10.05
[EXPENSE-RATIO] 0.85
[AVG-DEBT-OUTSTANDING] 0
[AVG-DEBT-PER-SHARE] 0
[ARTICLE] 6
[LEGEND]
[RESTATED]
[CIK] 0000751173
[NAME] EXETER FUND, INC.
[SERIES]
[NAME] EXETER FUND MAXIMUM HORIZON SERIES
[NUMBER] 5
[MULTIPLIER] 1
[CURRENCY] 1
[FISCAL-YEAR-END] OCT-31-1999
[PERIOD-START] NOV-01-1998
[PERIOD-END] OCT-31-1999
[PERIOD-TYPE] 1-YEAR
[EXCHANGE-RATE] 1
[INVESTMENTS-AT-COST] 20929377
[INVESTMENTS-AT-VALUE] 21161574
[RECEIVABLES] 351464
[ASSETS-OTHER] 71829
[OTHER-ITEMS-ASSETS] 0
[TOTAL-ASSETS] 21584867
[PAYABLE-FOR-SECURITIES] 24986
[SENIOR-LONG-TERM-DEBT] 0
[OTHER-ITEMS-LIABILITIES] 45174
[TOTAL-LIABILITIES] 70160
[SENIOR-EQUITY] 0
[PAID-IN-CAPITAL-COMMON] 19156108
[SHARES-COMMON-STOCK] 1501724
[SHARES-COMMON-PRIOR] 1546424
[ACCUMULATED-NII-CURRENT] 52108
[OVERDISTRIBUTION-NII] 0
[ACCUMULATED-NET-GAINS] 2074302
[OVERDISTRIBUTION-GAINS] 0
[ACCUM-APPREC-OR-DEPREC] 232189
[NET-ASSETS] 21514707
[DIVIDEND-INCOME] 303165
[INTEREST-INCOME] 164707
[OTHER-INCOME] 0
[EXPENSES-NET] 263399
[NET-INVESTMENT-INCOME] 204473
[REALIZED-GAINS-CURRENT] 2187613
[APPREC-INCREASE-CURRENT] 2706385
[NET-CHANGE-FROM-OPS] 5098471
[EQUALIZATION] 0
[DISTRIBUTIONS-OF-INCOME] 344505
[DISTRIBUTIONS-OF-GAINS] 911021
[DISTRIBUTIONS-OTHER] 0
[NUMBER-OF-SHARES-SOLD] 498281
[NUMBER-OF-SHARES-REDEEMED] 648323
[SHARES-REINVESTED] 105342
[NET-CHANGE-IN-ASSETS] 2810150
[ACCUMULATED-NII-PRIOR] 107296
[ACCUMULATED-GAINS-PRIOR] 882554
[OVERDISTRIB-NII-PRIOR] 0
[OVERDIST-NET-GAINS-PRIOR] 0
[GROSS-ADVISORY-FEES] 219497
[INTEREST-EXPENSE] 0
[GROSS-EXPENSE] 279993
[AVERAGE-NET-ASSETS] 21699307
[PER-SHARE-NAV-BEGIN] 12.10
[PER-SHARE-NII] 0.181
[PER-SHARE-GAIN-APPREC] 3.056
[PER-SHARE-DIVIDEND] 0.215
[PER-SHARE-DISTRIBUTIONS] 0.792
[RETURNS-OF-CAPITAL] 0
[PER-SHARE-NAV-END] 14.33
[EXPENSE-RATIO] 1.20
[AVG-DEBT-OUTSTANDING] 0
[AVG-DEBT-PER-SHARE] 0
[ARTICLE] 6
[LEGEND]
[RESTATED]
[CIK] 0000751173
[NAME] EXETER FUND, INC.
[SERIES]
[NAME] EXETER FUND TAX MANAGED SERIES
[NUMBER] 8
[MULTIPLIER] 1
[CURRENCY] 1
[FISCAL-YEAR-END] OCT-31-1999
[PERIOD-START] NOV-01-1998
[PERIOD-END] OCT-31-1999
[PERIOD-TYPE] 1-YEAR
[EXCHANGE-RATE] 1
[INVESTMENTS-AT-COST] 835290
[INVESTMENTS-AT-VALUE] 1052374
[RECEIVABLES] 16081
[ASSETS-OTHER] 28876
[OTHER-ITEMS-ASSETS] 0
[TOTAL-ASSETS] 1097331
[PAYABLE-FOR-SECURITIES] 0
[SENIOR-LONG-TERM-DEBT] 0
[OTHER-ITEMS-LIABILITIES] 28385
[TOTAL-LIABILITIES] 28385
[SENIOR-EQUITY] 0
[PAID-IN-CAPITAL-COMMON] 855641
[SHARES-COMMON-STOCK] 61347
[SHARES-COMMON-PRIOR] 53364
[ACCUMULATED-NII-CURRENT] 5246
[OVERDISTRIBUTION-NII] 0
[ACCUMULATED-NET-GAINS] (9025)
[OVERDISTRIBUTION-GAINS] 0
[ACCUM-APPREC-OR-DEPREC] 217084
[NET-ASSETS] 1068946
[DIVIDEND-INCOME] 13844
[INTEREST-INCOME] 2311
[OTHER-INCOME] 0
[EXPENSES-NET] 11472
[NET-INVESTMENT-INCOME] 4683
[REALIZED-GAINS-CURRENT] (375)
[APPREC-INCREASE-CURRENT] 164611
[NET-CHANGE-FROM-OPS] 168919
[EQUALIZATION] 0
[DISTRIBUTIONS-OF-INCOME] 7164
[DISTRIBUTIONS-OF-GAINS] 3302
[DISTRIBUTIONS-OTHER] 0
[NUMBER-OF-SHARES-SOLD] 31500
[NUMBER-OF-SHARES-REDEEMED] 24220
[SHARES-REINVESTED] 703
[NET-CHANGE-IN-ASSETS] 297200
[ACCUMULATED-NII-PRIOR] 5151
[ACCUMULATED-GAINS-PRIOR] (880)
[OVERDISTRIB-NII-PRIOR] 0
[OVERDIST-NET-GAINS-PRIOR] 0
[GROSS-ADVISORY-FEES] 9555
[INTEREST-EXPENSE] 0
[GROSS-EXPENSE] 36992
[AVERAGE-NET-ASSETS] 945330
[PER-SHARE-NAV-BEGIN] 14.46
[PER-SHARE-NII] 0.122
[PER-SHARE-GAIN-APPREC] 3.032
[PER-SHARE-DIVIDEND] 0.133
[PER-SHARE-DISTRIBUTIONS] 0.061
[RETURNS-OF-CAPITAL] 0
[PER-SHARE-NAV-END] 17.42
[EXPENSE-RATIO] 1.20
[AVG-DEBT-OUTSTANDING] 0
[AVG-DEBT-PER-SHARE] 0
2
REPORT OF INDEPENDENT ACCOUNTANTS
To the Board of Directors and
Shareholders of Exeter Fund, Inc:
In planning and performing our audit of the financial statements Tax Managed
Series, Flexible Yield Series I, Flexible Yield Series II, Flexible Yield
Series III, Blended Asset Series I, Blended Asset Series II, Defensive Series
and Maximum Horizons Series [eight series of Exeter Fund, Inc. (the
"Company")] for the year ended October 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,
not to provide assurance on internal control.
The management of the Company 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 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 controls may become inadequate
because of changes in conditions or that the effectiveness of their design and
operation may deteriorate.
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 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 internal control and its operation, including controls for
safeguarding securities, that we consider to be material weaknesses as defined
above as of October 31, 1999.
This report is intended solely for the information and use of the Board of
Directors, management 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/PricewaterhouseCoopers LLP
December 3, 1999
November 30, 1999
Securities and Exchange Commission
Mail Stop 11-3
450 5th Street, N.W.
Washington, D.C. 20549
Dear Sir/Madams:
We have read and agree with the comments in Sub- Item 77K of Exeter Fund,
Inc.'s (consisting of Blended Asset Series I, Blended Asset Series II,
Flexible Yield Series I, Flexible Yield Series II, Flexible Yield Series III,
Tax Managed Series, Defensive Series, and Maximum Horizon Series) Form N-SAR
for the year ended October 31, 1999.
Yours truly,
/S/ Deloitte & Touche LLP
Form N-SAR
For the Year Ended October 31, 1999.
Exeter Fund, Inc.
Defensive Series
Maximum Horizon Series
Blended Asset Series I
Blended Asset Series II
Flexible Yield Series I
Flexible Yield Series II
Flexible Yield Series III
Tax Managed Series
Sub-Item 77K: Change in the registrant's certifying accountants
On July 15, 1999, registrant dismissed Deloitte & Touche LLP ("D&T") as
registrant's independent auditors by action of registrant's Board of Directors
upon the recommendation of the Board's Audit Committee. D&T's reports on
registrant's financial statements for the fiscal years ended October 31, 1998
and October 31, 1997 contained no adverse opinion or disclaimer of opinion nor
were they qualified or modified as to uncertainty, audit scope or accounting
principles. During the registrant's fiscal years ended October 31, 1998 and
October 31, 1997 and the interim period commencing November 1, 1998 and ending
July 15, 1999, (i) there were no disagreements with D&T on any matter of
accounting principles or practices, financial statement disclosure or auditing
scope or procedure, which disagreements, if not resolved to the satisfaction
of D&T, would have caused it to make reference to the subject matter of the
disagreements in connection with its reports on registrant's financial
statements for such years, and (ii) there were no "reportable events" of the
kind described in Item 304(a)(1)(v) of Regulation S-K under the Securities
Exchange Act of 1934, as amended.
On July 15, 1999, registrant by action of its Board of Directors upon the
recommendation of the Board's Audit Committee engaged PricewaterhouseCoopers
LLP ("PwC") as the independent auditors to audit registrant's financial
statements for the fiscal year ended October 31, 1999. During registrant's
fiscal years ended October 31, 1998 and October 31, 1997 and the interim
period commencing November 1, 1998 and ending July 15, 1999, neither
registrant nor anyone on its behalf has consulted PwC on items which (i)
concerned the application of accounting principles to a specified transaction,
neither completed or proposed, or the type of audit opinion that might be
rendered on registrant's financial statements or (ii) concerned the subject of
a disagreement (as defined in paragraph (a)(1)(iv) of Item 304 of Regulation
S-K) or reportable events (as described in paragraph (a)(1)(v) of said Item
304).
Registrant has requested D&T to furnish it with a letter addressed to the
Securities and Exchange Commission stating whether D&T agrees with the
statements contained above. A copy of the letter from D&T to the Securities
and Exchange Commission is filed as an exhibit hereto.
