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<PAGE> PAGE 21
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SIGNATURE RONALD A. JONES
TITLE PRESIDENT
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</TABLE>
AHA Investment Funds, Inc.
No Material Weakness Letter
for the Year Ended June 30, 1997
To the Shareholders and
Board of Directors of
AHA Investment Funds, Inc.-
Full Maturity Fixed Income Portfolio
Limited Maturity Fixed Income Portfolio
Diversified Equity Portfolio
Balanced Portfolio:
In planning and performing our audit of the financial statements of
AHA INVESTMENT FUNDS, INC. (a Maryland corporation, comprising the
Full Maturity Fixed Income Portfolio, Limited Maturity Fixed Income
Portfolio, Diversified Equity Portfolio and Balanced Portfolio) for
the year ended June 30, 1997, we considered its internal control,
including control activities 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 internal control.
The management of AHA Investment Funds, Inc. 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 control activities. Generally, control
activities that are relevant to an audit pertain to the entity's objective
of preparing financial statements for external purposes that are fairly
presented in conformity with generally accepted accounting principles.
Those control activities include the safeguarding of assets against
unauthorized acquisition, use or disposition.
Because of inherent limitations in internal control, errors or
irregularities may occur and not be detected. Also, projection of any
evaluation of internal control 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 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 any specific internal control components 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 internal control, including control activities for safeguarding
securities, that we consider to be material weaknesses as defined above as of
June 30, 1997.
This report is intended solely for the information and use of management and
the Securities and Exchange Commission.
/s/ Arthur Andersen LLP
Arthur Andersen LLP
Chicago, Illinois
August 8, 1997
