U.S. SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM N-17F-2
CERTIFICATE OF ACCOUNTING OF SECURITIES AND SIMILAR INVESTMENTS IN THE CUSTODY
OF MANAGEMENT INVESTMENT COMPANIES
PURSUANT TO RULE 17F-2 (17 CFR 270.17F-2)
Date examination completed: April 30, 1998
1. Investment Company Act File Number: 811-6259
2. State Identification Number: NE
3. Address of principal executive office: Stratus Fund, Inc.
200 Centre Terrace
1225 L Street
Lincoln, NE 68508
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Board of Directors
Stratus Fund, Inc.
200 Centre Terrace
1225 L Street
Lincoln, Nebraska
To the Board of Directors of:
Portfolios of Stratus Fund, Inc. (Fund) File No.
Capital Appreciation Portfolio 811-6259
Intermediate Government Bond Portfolio 811-6259
Growth Portfolio 811-6259
Government Securities Portfolio 811-6259
International Portfolio 811-6259
We have examined the investment accounts shown by the books and records of the
investment companies listed above (the Funds) for the period from November 1,
1997 to April 30, 1998. Our examination was made without prior notice to the
Funds. Our examination included agreement of an analysis of portfolio
transactions recorded from November 1, 1998 to April 30, 1998 in the investment
accounts to supporting records and verification of a sample of such portfolio
security transactions to supporting records and documentation. It is understood
that this report is solely for the use of management and the Securities and
Exchange Commission and should not be used for any other purpose.
Union Bank & Trust Company (Union Bank), located in Lincoln, Nebraska, a related
entity, is custodian of the Funds' securities. Union Bank represented to us that
the securities owned by the Funds on April 30, 1998 were held for the account of
Union Bank by Fifth Third Bank, located in Cincinnati, Ohio, or, in the case of
Fund investments in other registered investment companies, by the investment
company. We obtained confirmations from Fifth Third Bank and other registered
investment companies of the securities held for the Fund as of April 30, 1998.
We determined that securities, identified by such records as the property of the
Funds, were in agreement with the Funds' records of securities owned at April
30, 1998.
Because the above procedures do not constitute an audit in accordance with
generally accepted auditing standards, we do not express an opinion on the
investment accounts referred to above. In connection with the procedures
referred to above, no matters came to our attention that caused us to believe
that the specified accounts should be adjusted. Had we performed additional
procedures or had we audited the financial statements of the Funds in accordance
with generally accepted auditing standards, matters might have come to our
attention that would have been reported to you. This report relates only to the
investments specified above and does not extend to the financial statements of
any of the Funds, taken as a whole.
Deloitte & Touche LLP
Lincoln, Nebraska
June 10, 1998
