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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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FORM N-17f-2 OMB APPROVAL
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OMB Number: 3235-0360
Certificate of Accounting of Securities and Similar Expires: June 30, 1997
Investments in the Custody of Estimated average burden
Management Investment Companies Hours per response 0.05
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Pursuant to Rule 17f-2 [17 CFR 270.17f-2]
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1. Investment Company Act File Number: Date examination completed:
811-5984 June 30, 1999
August 15, 1999
October 31, 1999
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2. State identification Number:
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AL AK AZ AR CA CO
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CT DE DC FL GA HI
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ID IL IN IA KS KY
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LA ME MD MA MI MN
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MS MO MT NE NV NH
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NJ NM NY NC ND OH
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OK OR PA RI SC SD
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TN TX UT VT VA WA
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WV WI WY PUERTO RICO
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Other (specify):
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3. Exact number of investment company as specified in registration statement:
811-5984
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4. Address of principal executive office {number, street, city, state. zip
code}: c/o PFPC Inc., 101 Federal Street, Boston, MA 02110
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INSTRUCTIONS
This Form must be completed by investment companies that have custody of
securities or similar investments.
Investment Company
I. All items must be completed by the investment company.
2 Give this Form to the independent public accountant who, in compliance with
Rule 17f-2 under the Act and applicable state law, examines securities and
similar investments in the custody of the investment company.
Accountant
3. Submit this Form to the Securities and Exchange Commission and appropriate
state securities administrators when filing the certificate of accounting
required by Rule 17f-2 under the Act and applicable state law. File the
original and one copy with the Securities and Exchange Commission's
principal office in Washington, D.C., one copy with the regional office for
the region in which the investment company's principal business operations
are conducted, and one copy with the appropriate state administrator(s), if
applicable.
THIS FORM MUST BE GIVEN TO YOUR INDEPENDENT PUBLIC ACCOUNTANT
<PAGE>
PRICEWATERHOUSECOOPERS
PricewaterhouseCoopers LLP 160 Federal Street Boston, MA 02110 Telephone
(617) 439-4390
Independent Auditor's Report
To the Board of Directors of The Irish Investment Fund, Inc.:
We have examined management's assertion about The Irish Investment Fund's (the
"Fund") compliance with the requirements of subsections (b) and (c) of Rule
17f-2 under the Investment Company Act of 1940 ("the Act") as of June 30, 1999
included in the accompanying Management Statement Regarding Compliance with
Certain Provisions of the Investment Company Act of 1940. 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 made in accordance with 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 June 30, 1999, and with respect to agreement of security
purchases and sales, for the period from October 31, 1998, through June 30,
1999:
Confirmation of all securities held by institutions in book entry form
(the Crest system of Dublin, Ireland).
Reconciliation of all such securities to the books and records of the Fund
and the Custodian (Bank of Ireland).
Agreement of one security purchase and three security sales since our last
report from the books and records of the Fund to the Bank of Ireland's
custody records evidencing the transfer or receipt of such securities.
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 Irish Investment Fund was in
compliance with the requirements of subsections (b) and (c) of Rule 17f-2 of the
Investment Company Act of 1940 as of June 30, 1999, 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 management of The
Irish Investment Fund and the Securities and Exchange Commission and should not
be used for any other purpose.
Philadelphia, PA
December 31, 1999
/s/ PricewaterhouseCoopers LLP
<PAGE>
PRICEWATERHOUSECOOPERS
PricewaterhouseCoopers LLP 160 Federal Street Boston, MA 02110 Telephone
(617) 439-4390
Independent Auditor's Report
To the Board of Directors of The Irish Investment Fund, Inc.:
We have examined management's assertion about The Irish Investment Fund's (the
"Fund") compliance with the requirements of subsections (b) and (c) of Rule
17f-2 under the Investment Company Act of 1940 ("the Act") as of August 15, 1999
included in the accompanying Management Statement Regarding Compliance with
Certain Provisions of the Investment Company Act of 1940. 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 made in accordance with 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 August 15, 1999, and with respect to agreement of security
purchases and sales, for the period from June 30, 1999, through August 15, 1999:
Confirmation of all securities held by institutions in book entry form
(the Crest system of Dublin, Ireland).
Reconciliation of all such securities to the books and records of the Fund
and the Custodian (Bank of Ireland).
Agreement of one security purchase and three security sales since our last
report from the books and records of the Fund to the Bank of Ireland's
custody records evidencing the transfer or receipt of such securities.
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 Irish Investment Fund was in
compliance with the requirements of subsections (b) and (c) of Rule 17f-2 of the
Investment Company Act of 1940 as of August 15, 1999, 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 management of The
Irish Investment Fund and the Securities and Exchange Commission and should not
be used for any other purpose.
Philadelphia, PA
December 31, 1999
/s/ PricewaterhouseCoopers LLP
<PAGE>
PRICEWATERHOUSECOOPERS
PricewaterhouseCoopers LLP 160 Federal Street Boston, MA 02110 Telephone
(617) 439-4390
Independent Auditor's Report
To the Board of Directors of The Irish Investment Fund, Inc.:
We have examined management's assertion about The Irish Investment Fund's (the
"Fund") compliance with the requirements of subsections (b) and (c) of Rule
17f-2 under the Investment Company Act of 1940 ("the Act") as of October 31,
1999 included in the accompanying Management Statement Regarding Compliance with
Certain Provisions of the Investment Company Act of 1940. 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 made in accordance with 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 October 31, 1999, and with respect to agreement of security
purchases and sales, for the period from August 15, 1999, through October 31,
1999:
Confirmation of all securities held by institutions in book entry form
(the Crest system of Dublin, Ireland).
Reconciliation of all such securities to the books and records of the Fund
and the Custodian (Bank of Ireland).
Agreement of two security purchases and one security sale since our last
report from the books and records of the Fund to the Bank of Ireland's
custody records evidencing the transfer or receipt of such securities.
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 Irish Investment Fund was in
compliance with the requirements of subsections (b) and (c) of Rule 17f-2 of the
Investment Company Act of 1940 as of October 31, 1999, 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 management of The
Irish Investment Fund and the Securities and Exchange Commission and should not
be used for any other purpose.
Philadelphia, PA
December 31, 1999
/s/ PricewaterhouseCoopers LLP
