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SIGNATURE MARK NAGLE
TITLE CONTROLLER
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REPORT OF INDEPENDENT PUBLIC ACCOUNTANTS
To the Board of Trustees of
SEI Index Funds:
In planning and performing our audit of the financial statements of SEI Index
Funds for the year ended March 31, 1998, we considered its internal controls,
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 controls.
The management of SEI Index Funds is responsible for establishing and
maintaining internal controls. In fulfilling this responsibility, estimates
and judgments by management are required to assess the expected benefits and
related costs of control activities. Generally, control activities 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 control activities include the
safeguarding of assets against unauthorized acquisition, use, or disposition.
Because of inherent limitations in internal controls, errors or
irregularities 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.
Our consideration of internal controls would not necessarily disclose all
matters in internal controls 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 any specific internal control components does not reduce to a
relatively low level the risk that errors or irregularities 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, including control activities for safeguarding
securities, that we consider to be material weaknesses as defined above as of
March 31, 1998.
This report is intended solely for the information and use of management, the
Board of Trustees and the Securities and Exchange Commission.
ARTHUR ANDERSEN LLP
Philadelphia, PA
May 8, 1998
