UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM N-17f-2
Certificate of Accounting of Securities and Similar
Investments in the Custody of
Management Investment Companies
Pursuant to Rule 17f-2 [17 CFR 270.17f-2]
1. Investment Company Act Rule Number:
811-5518
2. State identification Number:
3. Exact name of investment company as specified in registration statement:
THE RBB FUND, INC.
4. Address of principal executive office (number, street, city, state,
Zip code):
400 BELLEVUE PARKWAY
WILMINGTON, DE 19809
Report of Independent Accountants
To the Board of Directors of
the RBB Fund, Inc.:
We have examined management's assertion, included in the
accompanying Management Statement Regarding Compliance with
Certain Provisions of the Investment Company Act of 1940, about
the RBB Fund, Inc. (the "Fund") consisting of the Money Market,
Government Obligations Money Market, Municipal Money Market and
New York Municipal Money Market Portfolios compliance with the
requirements of subsections (b) and (c) of Rule 17f-2 under the
Investment Company Act of 1940 ("the Act") as of September 29,
2000. Management is responsible for the Fund's compliance with
those requirements. Our responsibility is to express an opinion
on management's assertion about the Fund's compliance based on
our examination.
Our examination was conducted in accordance with attestation
standards established by the American Institute of Certified
Public Accountants and, accordingly, included examining, on a
test basis, evidence about the Fund's 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 September 29,
2000, and with respect to agreement of security purchases and
sales, for the period from June 30, 2000 (the date of our last
examination), through September 29, 2000:
Confirmation of all securities held by institutions in book
entry form, at the Federal Reserve Bank of Cleveland, the
Depository Trust Company, the Participatory Trust Company,
and Bankers Trust Company;
Confirmation of all securities out for transfer with brokers
or alternative procedures;
Reconciliation of all such securities to the books and
records of the Fund and the Custodian, PNC Bank, National
Association;
Confirmation of all repurchase agreements with brokers/banks
and agreement of underlying collateral with the custodian
records; and
Agreement of four security purchases and five security sales
or maturities since our last report from the books and
records of the Fund to trade confirmations or alternative
procedures.
We believe that our examination provides a reasonable basis for
our opinion. Our examination does not provide a legal
determination on the Fund's compliance with specified
requirements.
In our opinion, management's assertion that the RBB Fund, Inc.,
was in compliance with the requirements of subsections (b) and
(c) of Rule 17f-2 of the Investment Company Act of 1940 as of
September 29, 2000 with respect to securities reflected in the
investment account of the Fund is fairly stated, in all material
respects.
This report is intended solely for the information and use of the
Board of Directors, management, and the Securities and Exchange
Commission and is not intended to be and should not be used by
anyone other than these specified parties.
PricewaterhouseCoopers LLP
Philadelphia, Pennsylvania
November 16, 2000
Management Statement Regarding Compliance with Certain
Provisions of the Investment Company Act of 1940
November 16, 2000
PricewaterhouseCoopers LLP
Two Commerce Square
Philadelphia, PA 19103
We, as members of management of the Money Market, Government
Obligations Money Market, Municipal Money Market, and New
York Municipal Money Market Portfolios (collectively the
"Funds"), of the RBB Fund, Inc 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
Funds' compliance with the requirements of subsections (b)
and (c) of Rule 17f-2 as of September 29, 2000, and from
June 30, 2000 through September 29, 2000.
Based on this evaluation, we assert that the Funds were in
compliance with the requirements of subsections (b) and (c)
of Rule 17f-2 of the Investment Company Act of 1940 as of
September 29, 2000 and from June 30, 2000 through September
29, 2000, with respect to securities reflected in the
investment account of the Funds.
The RBB Fund, Inc.
By:
/s/ Edward J. Roach
Edward J. Roach
President and Treasurer of the RBB Fund, Inc.
