Exhibit 77K - Changes in Registrant's Certifying Accountant
Government Obligations Fund
Government Obligations Tax-Managed Fund
Prime Obligations Fund
Tax-Free Obligations Fund
Treasury Obligations Fund
Automated Cash Management Trust
On May 19, 1999, the Trust's Board of Trustees, upon the recommendation of the
Audit Committee of the Board of Trustees, requested and subsequently accepted
the resignation of Arthur Andersen LLP ("AA") as the Trust's independent
auditors. AA's reports on the Trust's financial statements for the fiscal
years ended July 31, 1998 and July 31, 1999, contained no adverse opinion or
disclaimer of opinion nor were they qualified or modified as to uncertainty,
audit scope or accounting principles. During the Trust's fiscal years ended
July 31, 1998 and July 31, 1999, (i) there were no disagreements with AA 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 AA, would have caused it to make reference to
the subject matter of the disagreements in connection with its reports on the
financial statements for such years, and (ii) there were no reportable events
of the kind in Item 304(a)(1)(v) of Regulation S-K under the Securities
Exchange Act of 1934, as amended.
The Trust by action of its Board of Trustees, upon the recommendation of the
Audit Committee of the Board, has engaged Deloitte & Touche LLP ("D&T") as
the independent auditors to audit the Trust's financial statements for the
fiscal year ending July 31, 2000. During the Trust's fiscal years ended July
31, 1998 and July 31, 1999, neither the Trust nor anyone on its behalf has
consulted D&T 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 Trust's financial
statements or (ii) concerned the subject of a disagreement (as defined in
paragraph (a)(1)(iv) of Item 304 of Regulation S-K) of reportable events (as
described in paragraph (a)(1)(v) of said Item 304).
Exhibit 77K - Changes in Registrant's Certifying Accountant
Trust for U.S. Treasury Obligations
On May 19, 1999, the Trust's Board of Trustees, upon the recommendation of the
Audit Committee of the Board of Trustees, requested and subsequently accepted
the resignation of Arthur Andersen LLP ("AA") as the Trust's independent
auditors. AA's reports on the Trust's financial statements for the fiscal
years ended September 30, 1997 and September 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 Trust's fiscal
years ended September 30, 1997 and September 30, 1998, (i) there were no
disagreements with AA 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 AA, would have caused it
to make reference to the subject matter of the disagreements in connection
with its reports on the financial statements for such years, and (ii) there
were no reportable events of the kind in Item 304(a)(1)(v) of Regulation S-K
under the Securities Exchange Act of 1934, as amended.
The Trust by action of its Board of Trustees, upon the recommendation of the
Audit Committee of the Board, has engaged Ernst & Young LLP ("E&Y") as the
independent auditors to audit the Trust's financial statements for the fiscal
year ending July 31, 1999. During the Trust's fiscal years ended September 30,
1997 and September 30, 1998, neither the Trust nor anyone on its behalf has
consulted E&Y 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 Trust's financial
statements or (ii) concerned the subject of a disagreement (as defined in
paragraph (a)(1)(iv) of Item 304 of Regulation S-K) of reportable events (as
described in paragraph (a)(1)(v) of said Item 304).
Exhibit 77K - Changes in Registrant's Certifying Accountant
Automated Government Money Trust
Money Market Trust
On May 19, 1999, the Trust's Board of Trustees, upon the recommendation of the
Audit Committee of the Board of Trustees, requested and subsequently accepted
the resignation of Deloitte & Touche LLP ("D&T") as the Trust's independent
auditors. D&T's reports on the Trust's financial statements for the fiscal
years ended July 31, 1998 and July 31, 1999, contained no adverse opinion or
disclaimer of opinion nor were they qualified or modified as to uncertainty,
audit scope or accounting principles. During the Trust's fiscal years ended
July 31, 1998 and July 31, 1999, (i) there were no disagreements with D&T 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 D&T, would have caused it to make reference to
the subject matter of the disagreements in connection with its reports on the
financial statements for such years, and (ii) there were no reportable events
of the kind in Item 304(a)(1)(v) of Regulation S-K under the Securities
Exchange Act of 1934, as amended.
The Trust by action of its Board of Trustees, upon the recommendation of the
Audit Committee of the Board, has engaged Ernst & Young LLP ("E&Y") as the
independent auditors to audit the Trust's financial statements for the fiscal
year ending July 31, 2000. During the Trust's fiscal years ended July 31, 1998
and July 31, 1999, neither the Trust nor anyone on its behalf has consulted
E&Y 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 Trust's financial statements or (ii)
concerned the subject of a disagreement (as defined in paragraph (a)(1)(iv) of
Item 304 of Regulation S-K) of reportable events (as described in paragraph
(a)(1)(v) of said Item 304).
Exhibit 77K - Changes in Registrant's Certifying Accountant
Prime Value Obligations Fund
Prime Cash Obligations Fund
Municipal Obligations Fund
On May 19, 1999, the Trust's Board of Trustees, upon the recommendation of the
Audit Committee of the Board of Trustees, requested and subsequently accepted
the resignation of Ernst & Young LLP ("E&Y") as the Trust's independent
auditors. E&Y's reports on the Trust's financial statements for the fiscal
year ended January 31, 1999 and the period ended July 31, 1999, contained no
adverse opinion or disclaimer of opinion nor were they qualified or modified
as to uncertainty, audit scope or accounting principles. During the Trust's
fiscal year ended January 31, 1999 and the period ended July 31, 1999, (i)
there were no disagreements with E&Y 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 E&Y, would have
caused it to make reference to the subject matter of the disagreements in
connection with its reports on the financial statements for such years, and
(ii) there were no reportable events of the kind in Item 304(a)(1)(v) of
Regulation S-K under the Securities Exchange Act of 1934, as amended.
The Trust by action of its Board of Trustees, upon the recommendation of the
Audit Committee of the Board, has engaged Deloitte & Touche LLP ("D&T") as
the independent auditors to audit the Trust's financial statements for the
fiscal year ending July 31, 2000. During the Trust's fiscal year ended January
31, 1999 and the period ended July 31, 1999, neither the Trust nor anyone on
its behalf has consulted D&T 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 Trust's
financial statements or (ii) concerned the subject of a disagreement (as
defined in paragraph (a)(1)(iv) of Item 304 of Regulation S-K) of reportable
events (as described in paragraph (a)(1)(v) of said Item 304).
Exhibit 77K - Changes in Registrant's Certifying Accountant
Trust for Government Cash Reserves
On May 19, 1999, the Trust's Board of Trustees, upon the recommendation of the
Audit Committee of the Board of Trustees, requested and subsequently accepted
the resignation of Arthur Andersen LLP ("AA") as the Trust's independent
auditors. AA's reports on the Trust's financial statements for the fiscal
years ended November 30, 1998 and November 30, 1999, contained no adverse
opinion or disclaimer of opinion nor were they qualified or modified as to
uncertainty, audit scope or accounting principles. During the Trust's fiscal
years ended November 30, 1998 and November 30, 1999, (i) there were no
disagreements with AA 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 AA, would have caused it
to make reference to the subject matter of the disagreements in connection
with its reports on the financial statements for such years, and (ii) there
were no reportable events of the kind in Item 304(a)(1)(v) of Regulation S-K
under the Securities Exchange Act of 1934, as amended.
The Trust by action of its Board of Trustees, upon the recommendation of the
Audit Committee of the Board, has engaged Deloitte & Touche LLP ("D&T") as
the independent auditors to audit the Trust's financial statements for the
fiscal year ending July 31, 2000. During the Trust's fiscal years ended
November 30, 1998 and November 30, 1999, neither the Trust nor anyone on its
behalf has consulted D&T 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 Trust's
financial statements or (ii) concerned the subject of a disagreement (as
defined in paragraph (a)(1)(iv) of Item 304 of Regulation S-K) of reportable
events (as described in paragraph (a)(1)(v) of said Item 304).
