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SIGNATURE P. BRADLEY WALKER
TITLE SECRETARY
GEORGE E. CLARK
Certified Public Accountant
309 Roswell Road NE, Suite 2-B
Atlanta, Georgia 30328
Phone (404) 256-1218 FAX (404) 256-5634
February 5, 1999
Board of Directors and Stockholders
Monogenesis Corporation
Walker, West Virginia
In planning and performing my audit of the financial statements of
Monogenesis Corporation for the year ended December 31, 1998, I
considered its internal control structure, including procedures for
safeguarding securities, in order to determine my auditing procedures
for the purpose of expressing my opinion on the financial statements
and to comply with the requirements of Form N-SAR, not to provide
assurance on the internal control structure.
The management of Monogenesis Corporation is responsible for
establishing and maintaining an internal control structure. In
fulfilling this responsibility, estimates and judgments by management
are required to assess the expected benefits and related costs of
internal control structure policies and procedures. Two of the
objectives of an internal control structure are to provide management
with reasonable, but not absolute, assurance that assets are
safeguarded against loss from unauthorized use or disposition and
that transactions are executed in accordance with management's
authorization and recorded properly to permit preparation of financial
statements in conformity with generally accepted accounting principles.
Because of inherent limitations in any internal control structure,
Errors or irregularities may occur and not be detected. Also,
Projection of any evaluation of the structure 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 the internal control structure would not
necessarily disclose all matters in the internal control structure
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 the
specific internal control structure elements does not reduce to a
relatively low level the risk that errors or irregularities 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, I noted no matters involving the internal control structure,
including procedures for safeguarding securities, that I consider to
be material weaknesses above as of December 31, 1998.
This report is intended solely for the information and use of
management and the Securities and Exchange Commission.
George E. Clark
Certified Public Accountant
