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<PAGE> PAGE 10
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<PAGE> PAGE 12
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<PAGE> PAGE 21
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SIGNATURE JOHN A. CLYMER
TITLE VICE PRESIDENT
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PricewaterhouseCoopers LLP
100 East Wisconsin Avenue
Suite 1500
Milwaukee, Wisconsin 53202
Telephone (414) 212-1600
Facsimile (414) 212-1880
Report of Independent Accountants
To the Shareholders and Board of
Directors of Eastcliff Funds, Inc.
In planning and performing our audit of the financial
statements of Eastcliff Growth Fund, Eastcliff Total Return
Fund, Eastcliff Regional Small Capitalization Value Fund
and Eastcliff Contrarian Value Fund (constituting
Eastcliff Funds, Inc., hereafter referred to as the
"Funds") for the year ended June 30, 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 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 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 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 it may become inadequate because
of changes in conditions or that the effectiveness of the
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 any specific 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 operations, including
control activities for safeguarding securities, that we
consider to be material weaknesses as defined above as of
June 30, 1999.
This report is intended solely for the information and use
of management and the Board of Directors of Eastcliff
Funds, Inc. and the Securities and Exchange Commission.
PRICEWATERHOUSECOOPERS LLP
July 30, 1999
