To the Board of Trustees of
The Huntington VA Funds
and the
Securities and Exchange Commission:
We have examined management's assertion about The Huntington VA Funds' (the
Funds) compliance with the requirements of subsections (b) and (c) of Rule 17f-2
under the Investment Company Act of 1940 (the Act) as of February 29, 2000 and
for the period from December 31, 1999 through February 29, 2000, included in the
accompanying Management Statement Regarding Compliance With Certain Provisions
of the Investment Company Act of 1940. Management is responsible for the Funds'
compliance with those requirements. Our responsibility is to express an opinion
on management's assertion about the Funds' compliance based on our examination.
Our examination was made in accordance with standards established by the
American Institute of Certified Public Accountants and, accordingly, included
examining, on a test basis, evidence about the Funds' compliance with those
requirements and performing such other procedures as we considered necessary in
the circumstances. Included among our procedures were the following tests
performed as of February 29, 2000 and for the period from December 31, 1999 (the
date of our last examination) through February 29, 2000, with respect to
securities transactions, with prior notice to management:
1. Confirmation of all securities held as of February 29, 2000 by institution
in book entry form by the Federal Reserve Bank, Bank of New York and
Depository Trust Corporation;
2. Verification of all securities purchased/sold but not received/delivered
and securities in transit as of February 29, 2000 via examination of
underlying trade ticket or broker confirmation;
3. Reconciliation of all such securities to the books and records of the Funds
and the Huntington Trust Company, N.A.;
4. Confirmation of all repurchase agreements as of February 29, 2000 with
brokers/banksand agreement of underlying collateral with the Huntington
Trust Company, N.A. records;
5. Agreement of 10 selected security purchases and 10 selected security sales
since our last report date from the books and records of the Funds to
broker confirmations during the period from December 31, 1999 through
February 29, 2000.
We believe that our examination provides a reasonable basis for our opinion. Our
examination does not provide a legal determination on the Funds' compliance with
specified requirements.
In our opinion, management's assertion that the Funds were in compliance with
the above mentioned provisions of Rule 17f-2 of the Investment Company Act of
1940 as of February 29, 2000 and for the period from December 31, 1999 through
February 29, 2000 is fairly stated, in all material respects.
This report is intended solely for the information and use of management of the
Funds and the Securities and Exchange Commission and is not intended to be and
should not be used by anyone other than the specified parties.
Columbus, Ohio
April 7, 2000
