MANAGEMENT STATEMENT REGARDING COMPLIANCE WITH CERTAIN
PROVISIONS OF THE INVESTMENT COMPANY ACT OF 1940
We, as members of management of Firstar Funds, Inc. (the "Company"), are
responsible for complying with the requirements of subsections (b) and (c) of
Rule 17f-2, Custody of Investments by Registered Management Investment
Companies, of the Investment Company Act of 1940. We are also responsible for
establishing and maintaining effective internal controls over compliance with
those requirements. We have performed an evaluation of the Company's compliance
with the requirements of subsections (b) and (c) of Rule 17f-2 as of July 28,
2000, and from March 31, 2000 through July 28, 2000.
Based on this evaluation, we assert that the Company was in compliance with the
requirements of subsections (b) and (c) of Rule 17f-2 of the Investment Company
Act of 1940 as of July 28, 2000, and from March 31, 2000 through July 28, 2000,
with respect to securities reflected in the investment account of the Company,
except that for several securities the books of the Company did not agree to the
Custodian records. These exceptions were the result of the untimely recording of
security transactions in the Custodian records. In each case the books of the
Company were determined to be proper and the Custodian records have been
subsequently corrected.
FIRSTAR FUNDS, INC.
By: /s/ Laura Rauman
------------------------------------------------------
Name of Company Official
Vice President
------------------------------------------------------
Title
09/27/2000
------------------------------------------------------
Date
By: /s/ Joseph Neuberger
------------------------------------------------------
Name of Company Official
Assistant Treasurer
------------------------------------------------------
Title
09/27/2000
------------------------------------------------------
Date
