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<PAGE> PAGE 2
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<PAGE> PAGE 3
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<PAGE> PAGE 4
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<PAGE> PAGE 5
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<PAGE> PAGE 6
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<PAGE> PAGE 7
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<PAGE> PAGE 9
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<PAGE> PAGE 10
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<PAGE> PAGE 11
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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 15
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<PAGE> PAGE 16
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<PAGE> PAGE 17
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<PAGE> PAGE 18
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<PAGE> PAGE 19
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<PAGE> PAGE 20
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025 B000403 13-3299429
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025 D000403 393
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025 A000405 DONALDSON, LUFKIN & JENRETTE
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<PAGE> PAGE 21
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038 000400 0
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041 000400 Y
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<PAGE> PAGE 22
048 I010400 0
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<PAGE> PAGE 23
070 F010400 Y
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<PAGE> PAGE 24
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015 B000501 C
<PAGE> PAGE 25
015 C010501 NEW YORK
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<PAGE> PAGE 26
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<PAGE> PAGE 27
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<PAGE> PAGE 28
070 P010500 Y
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<PAGE> PAGE 29
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015 A000601 BANK OF NEW YORK
015 B000601 C
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<PAGE> PAGE 30
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<PAGE> PAGE 31
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<PAGE> PAGE 32
068 A000600 N
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<PAGE> PAGE 33
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<PAGE> PAGE 34
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015 A000701 BANK OF NEW YORK
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<PAGE> PAGE 35
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<PAGE> PAGE 36
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<PAGE> PAGE 37
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<PAGE> PAGE 38
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015 A000801 BANK OF NEW YORK
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<PAGE> PAGE 39
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<PAGE> PAGE 40
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055 B000800 N
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057 000800 N
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<PAGE> PAGE 41
062 Q000800 0.0
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064 B000800 N
066 A000800 N
067 000800 N
068 A000800 N
068 B000800 N
069 000800 N
070 A010800 Y
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070 E020800 N
070 F010800 N
070 F020800 N
070 G010800 Y
070 G020800 N
070 H010800 N
070 H020800 N
070 I010800 N
070 I020800 N
070 J010800 Y
070 J020800 N
070 K010800 Y
070 K020800 Y
070 L010800 N
070 L020800 N
070 M010800 N
070 M020800 N
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070 N020800 N
070 O010800 Y
070 O020800 N
070 P010800 Y
070 P020800 N
070 Q010800 N
070 Q020800 N
070 R010800 Y
070 R020800 N
071 A000800 191375
071 B000800 201378
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<PAGE> PAGE 42
072 A000800 12
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<PAGE> PAGE 43
074 O000800 0
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015 A000901 BANK OF NEW YORK
015 B000901 C
015 C010901 NEW YORK
015 C020901 NY
015 C030901 10286
015 E010901 X
024 000900 Y
025 A000901 GOLDMAN SACHS GROUP
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025 C000901 D
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025 C000902 D
025 D000902 17242
025 A000903 DONALDSON, LUFKIN & JENRETTE
025 B000903 13-2741729
025 C000903 D
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025 A000904 FEDERATED PRIME OBLIGATION MMF
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025 D000904 19068
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025 A000906 DELETE
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<PAGE> PAGE 44
028 B020900 2231
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<PAGE> PAGE 45
048 E010900 0
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066 A000900 N
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068 A000900 N
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<PAGE> PAGE 46
070 D010900 N
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070 E020900 N
070 F010900 N
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070 H010900 N
070 H020900 N
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070 I020900 N
070 J010900 Y
070 J020900 N
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070 K020900 Y
070 L010900 Y
070 L020900 Y
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070 M020900 N
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070 Q020900 N
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070 R020900 N
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<PAGE> PAGE 47
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<PAGE> PAGE 48
075 B000900 862235
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015 A001001 BANK OF NEW YORK
015 B001001 C
015 C011001 NEW YORK
015 C021001 NY
015 C031001 10286
015 E011001 X
024 001000 Y
025 A001001 DREYFUS TAX EXEMPT MMF
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<PAGE> PAGE 49
040 001000 Y
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055 A001000 N
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<PAGE> PAGE 50
062 J001000 0.0
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064 A001000 Y
064 B001000 N
066 A001000 N
067 001000 N
068 A001000 N
068 B001000 N
069 001000 N
070 A011000 Y
070 A021000 N
070 B011000 N
070 B021000 N
070 C011000 Y
070 C021000 N
070 D011000 N
070 D021000 N
070 E011000 Y
070 E021000 N
070 F011000 N
070 F021000 N
070 G011000 Y
070 G021000 N
070 H011000 N
070 H021000 N
070 I011000 N
070 I021000 N
070 J011000 Y
070 J021000 N
070 K011000 Y
070 K021000 Y
070 L011000 N
070 L021000 N
070 M011000 N
070 M021000 N
070 N011000 Y
070 N021000 N
070 O011000 Y
070 O021000 N
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<PAGE> PAGE 51
070 Q021000 N
070 R011000 Y
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<PAGE> PAGE 52
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025 A001101 DELETE
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<PAGE> PAGE 53
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015 A001201 BANK OF NEW YORK
015 B001201 C
015 C011201 NEW YORK
015 C021201 NY
015 C031201 10286
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024 001200 Y
025 A001201 DONALSON, LUFKIN & JENRETTE
025 B001201 13-2741729
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<PAGE> PAGE 54
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<PAGE> PAGE 55
056 001200 Y
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<PAGE> PAGE 56
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<PAGE> PAGE 57
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015 A001301 BANK OF NEW YORK
015 B001301 C
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<PAGE> PAGE 58
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<PAGE> PAGE 59
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<PAGE> PAGE 60
068 A001300 N
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<PAGE> PAGE 61
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<PAGE> PAGE 62
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024 001400 Y
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<PAGE> PAGE 63
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<PAGE> PAGE 64
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070 C011400 N
070 C021400 N
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070 D021400 N
070 E011400 N
070 E021400 N
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070 F021400 N
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070 H011400 N
070 H021400 N
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<PAGE> PAGE 65
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070 M011400 N
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<PAGE> PAGE 66
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<PAGE> PAGE 67
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<PAGE> PAGE 68
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SIGNATURE DARLA BALL
TITLE SUPERVISOR
The Board of Trustees
of the Kent Funds:
In planning and performing our audit
of the financial statements of the
Kent Funds for the period or year
ended December 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 Kent 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
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, 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 one or more 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 December
31, 1999.
This report is intended solely for the
information and use of management, the Board
of Trustees of the Kent Funds and the
Securities and Exchange Commission and is
not intended to be and should not be used
by anyone other than these specified parties.
Columbus, Ohio
February 18, 2000
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<CIK> 0000799700
<NAME> KENT FUNDS
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<NAME> KENT FUNDS
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