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<PAGE> PAGE 3
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<PAGE> PAGE 4
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<PAGE> PAGE 5
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<PAGE> PAGE 6
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<PAGE> PAGE 7
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<PAGE> PAGE 8
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SIGNATURE MEG GREIFENKAMP
TITLE ADMINISTRATION
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<CIK> 0000877232
<NAME> GREEN CENTURY FUNDS
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<NAME> EQUITY FUND
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</TABLE>
Report of Independent Auditors
The Board of Trustees
Green Century Equity Fund:
In planning and performing our audit of the financial
statements of Green Century Equity Fund,
for the year ended July 31, 1997, we considered
its internal control, including control
activities for safeguarding securities, in order to
determine our auditing procedures for the
purpose of expressing our opinion on the financial
statements and to comply with the
requirements of Form N-SAR, not to provide assurance
on internal control.
The management of Green Century Equity Fund is
responsible for establishing and
maintaining internal control. In fulfilling this
responsibility, estimates and judgments by
management are required to assess the expected
benefits and related costs of controls. Generally,
controls that are relevant to an audit pertain to the
entity's objective of preparing financial
statements for external purposes that are fairly
presented in conformity with generally accepted
accounting principles. Those controls include the
safeguarding of assets against unauthorized
acquisitions, use or disposition.
Because of inherent limitations in internal control,
errors or irregularities may occur and not be
detected. Also, projection of any evaluation of
internal control to future periods is subject to the
risks 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 would not
necessarily disclose all matters in the internal
control 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 one or more of the internal control
components 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, we noted no
matters involving the internal control and its
operation, including controls for safeguarding
securities, that we consider to be material
weaknesses as defined above as of July 31, 1997.
This report is intended solely for the information
and use of management, the Board of Trustees
of Green Century Equity Fund and the Securities and
Exchange Commission.
/s/ KPMG Peat Marwick LLP
Boston, Massachusetts
August 27, 1997
