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<PAGE> PAGE 6
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SIGNATURE ELLEN M. BRUNO
TITLE TREASURER
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
This schedule contains summary information extracted from the
Registrant's Annual Report to Shareholders dated October 31, 1999 and is
qualified in its entirety by reference to such financial statements.
</LEGEND>
<CIK> 0000838802
<NAME> NEW CENTURY PORTFOLIOS
<SERIES>
<NUMBER> 1
<NAME> NEW CENTURY CAPITAL PORTFOLIO
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<S> <C>
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WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
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<LEGEND>
This schedule contains summary information extracted from the
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qualified in its entirety by reference to such financial statements.
</LEGEND>
<CIK> 0000838802
<NAME> NEW CENTURY PORTFOLIOS
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<NAME> NEW CENTURY BALANCED PORTFOLIO
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</TABLE>
REPORT OF INDEPENDENT CERTIFIED PUBLIC ACCOUNTANTS
ON INTERNAL CONTROL
Shareholders and Board of Trustees
New Century Portfolios
Wellesley, Massachusetts
In planning and performing our audit of the financial statements of New
Century Portfolios (comprising, respectively, New Century Capital
Portfolio and New Century Balanced Portfolio) for the year ended
October 31, 1999, 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 the Trust 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 controls. Generally, controls
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 controls include the safeguarding of assets against unauthorized
acquisition, use or disposition.
Because of inherent limitations in internal control, error or fraud 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 the 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 internal control components does not
reduce to a relatively low level the risk that misstatements caused by
error 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 controls for safeguarding securities, that we consider
to be material weaknesses, as defined above, as of October 31, 1999.
This report is intended solely for the information and use of management
and the Board of Trustees of New Century Portfolios, and the Securities
and Exchange Commission.
Philadelphia, Pennsylvania
November 24, 1999
