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<PAGE> PAGE 10
SIGNATURE THOMAS G KNIPPER
TITLE CONTROLLER
Board of Trustees
Carillon Capital Fund:
In planning and performing our audit of the financial statements
of Carillon Capital Fund for the year ended October 31, 1995, we
considered its internal control structure, including procedures
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 the internal control
structure.
The management of Carillon Capital Fund is responsible for
establishing and maintaining an internal control structure. In
fulfilling this responsibility, estimates and judgments by
management are required to assess the expected benefits and
related costs of internal control structure policies and
procedures. Two of the objectives of an internal control
structure are to provide management with reasonable, but not
absolute, assurance that assets are safeguarded against loss from
unauthorized use or disposition and transactions are executed in
accordance with management's authorization and recorded properly
to permit preparation of financial statements in conformity with
generally accepted accounting principles.
Because of inherent limitations in any internal control
structure, errors or irregularities may occur and may not be
detected. Also, projection of any evaluation of the structure 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 the internal control structure would not
necessarily disclose all matters in the internal control
structure 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 the specific internal control structure
elements 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 the internal control structure, including
procedures for safeguarding securities, that we consider to be
material weaknesses as defined above as of October 31, 1995.
This report is intended solely for the information and use of the
Board of Trustees, management and the Securities and Exchange
Commission.
/s/ Deloitte & Touche LLP
DELOITTE & TOUCHE LLP
Dayton, Ohio
November 28, 1995
(Letterhead)
CARILLON
INVESTMENT TRUST
P.O. Box 5304
Cincinnati, Ohio 45201
(513) 595-2600
September 15, 1995
Securities and Exchange Commission
450 Fifth Street N.W.
Washington, DC 20549
Dear Sir or Madam:
At a meeting held today, the Board of Trustees of Carillon
Investment Trust approved the engagement of Deloitte & Touche LLP
as the independent auditors for the Carillon Capital Fund for the
year ending October 31, 1995, to replace the firm of Price
Waterhouse LLP who resigned as auditors of the Funds effective
September 15, 1995. The Audit Committee of the Board of Trustees
recommended the change in auditors on September 15, 1995.
The reports of Price Waterhouse LLP on the Fund's financial
statements for the past two years did not contain an adverse
opinion or a disclaimer of opinion and were not qualified or
modified as to uncertainty, audit scope or accounting principles.
In connection with the audits of the Fund's financial statements
for each of the past two years ended and in the subsequent
interim period, there were no disagreements with Price Waterhouse
LLP on any matters of accounting principles or practices,
financial statement disclosure, or auditing scope and procedures
which, if not resolved to the satisfaction of Price Waterhouse
LLP would have caused them to make reference to such matters in
their reports.
The Fund has requested Price Waterhouse LLP to furnish a letter
addressed to the commission stating whether it agrees with the
above statements.
Sincerely,
/s/ Thomas G. Knipper
Thomas G. Knipper
Controller
<PAGE>
(Letterhead)
Price Waterhouse LLP
2200 Chemed Center Telephone 513 621 1900
255 East Fifth Street Facsimile 513 723 4777
Cincinnati, OH 45202-4798
September 18, 1995
Mr. George Clucas
President
The Carillon Funds
1876 Waycross Road
Cincinnati, Ohio 45240
Dear Mr. Clucas:
This is to confirm that the client-auditor relationship between
the Carillon Investment Trust (Commission File Number 33-16665)
and Price Waterhouse has ceased.
Yours very truly,
/s/ Price Waterhouse LLP
Price Waterhouse LLP
cc: Chief Accountant
SECPS Letter File, Mail Stop 9-5
Securities and Exchange Commission
450 Fifth Street, N.W.
Washington, D.C. 20549
bcc: A. Tollefson
e. Cameron