FIRSTAR STELLAR FUNDS
("REGISTRANT")
FORM N-SAR
FILE NO. 811-5762
FOR THE ANNUAL PERIOD ENDED OCTOBER 31, 2000
EXHIBIT INDEX
Sub-Item 77K: Changes in Registrant's certifying accounts.
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Sub-Item 77K: Changes in Registrant's certifying accounts.
On October 19, 2000, Arthur Andersen LLP resigned as the Funds' independent
auditors. Arthur Andersen LLP's reports on the Funds' financial statements for
the fiscal years ended November 30, 1999 and November 30, 1998 contained no
adverse opinion or disclaimer of opinion nor were they qualified or modified as
to uncertainty, audit scope or accounting principles. During the Funds' fiscal
years ended November 30, 1999 and November 30, 1998 and the interim period
commencing December 1, 1999 and ending October 19, 2000, (i) there were no
disagreements with Arthur Andersen LLP on any matter of accounting principles or
practices, financial statement disclosure or auditing scope or procedure, which
disagreements, if not resolved to the satisfaction of Arthur Andersen LLP, would
have caused it to make reference to the subject matter of the disagreements in
connection with its reports on the Funds' financial statements for such years,
and (ii) there were no "reportable events" of the kind described in Item
304(a)(1)(v) of Regulation S-K under the Securities Exchange Act of 1934, as
amended.
On October 19, 2000, the Fund by action of its Board of Trustees engaged
PricewaterhouseCoopers LLP ("PwC") as the independent auditors to audit the
Funds' financial statements for the 11-month fiscal period ending October 31,
2000. During the Funds' fiscal years ended November 30, 1999 and November 30,
1998 and the interim period commencing December 1, 1999 and ending October 19,
2000, neither the Fund or anyone on its behalf has consulted PwC on items which
(i) concerned the application of accounting principles to a specified
transaction, either completed or proposed, or the type of audit opinion that
might be rendered on the Funds' financial statements or (ii) concerned the
subject of a disagreement (as defined in paragraph (a)(1)(iv) of Item 304 of
Regulation S-K) or reportable events (as described in paragraph (a)(1)(v) of
said Item 304).
Registrant has requested Arthur Andersen LLP to furnish it with a letter
addressed to the Securities and Exchange Commission stating whether Arthur
Andersen LLP agrees with the statements contained above. A copy of the letter
from Arthur Andersen LLP to the Securities and Exchange Commission is filed as
an exhibit hereto.
December 27, 2000
Office of the Chief Accountant
Securities and Exchange Commission
450 Fifth Street, N.W.
Washington, D.C. 20549
Dear Sir/Madam:
We have read the Attachment to Item 77 included in the Form N-SAR for Firstar
Stellar Treasury Fund, Firstar Stellar Ohio Tax-Free Money Market Fund, Firstar
Stellar Growth Equity Fund, Firstar Stellar Relative Value Fund, Firstar Stellar
International Equity Fund, Firstar Stellar Strategic Income Fund, and Firstar
Stellar Science & Technology Fund to be filed with the Securities and Exchange
Commission, and, we are in agreement with the statements contained therein.
Very truly yours,
/s/Arthur Andersen LLP
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ARTHUR ANDERSEN LLP
cc: Ms. Cheryl King, Firstar Mutual Fund Services LLC
