Report of Independent Auditors
To the Board of Trustees
The Parkstone Group of Funds
In planning and performing our audit of the financial statements
of the Parkstone Group of Funds (the "Funds") for the year
ended May 31, 2000, we considered their internal control, including
control activities for safeguarding securities, 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, and 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
internal control. Generally, internal controls that are
relevant to an audit pertain to the Funds' objective of preparing
financial statements for external purposes that are fairly presented
in conformity with generally accepted accounting principles.
Those internal controls include the safeguarding of assets
against unauthorized acquisition, use or disposition.
Because of inherent limitations in any internal control,
misstatements due to errors or fraud may occur and not be detected.
Also, projections of any evaluation of internal control to future
Periods are subject to the risk that internal control may become
inadequate
because of changes in conditions, or that the degree of compliance
with the policies or procedures 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 specific internal control components does not reduce
to a relatively low level the risk that misstatements caused by
errors 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, including control
activities for safeguarding securities, and its operation that
we consider to be material weaknesses as defined above as
of May 31, 2000.
This report is intended solely for the information and use
of the board of trustees and 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
these specified parties.
Philadelphia, Pennsylvania
July 7, 2000
