<PAGE> PAGE 1
000 B000000 07/31/98
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010 B00AA01 801-39630
010 C01AA01 BOSTON
010 C02AA01 MA
010 C03AA01 02111
010 A00AA02 SUNSTONE FINANCIAL GROUP, INC.
010 C01AA02 MILWAUKEE
010 C02AA02 WI
010 C03AA02 53202
011 A00AA01 SUNSTONE DISTRIBUTION SERVICES, LLC
011 B00AA01 8-42106
011 C01AA01 MILWAUKEE
011 C02AA01 WI
011 C03AA01 53202
012 A00AA01 INVESTORS BANK & TRUST COMPANY
<PAGE> PAGE 2
012 B00AA01 85-720
012 C01AA01 BOSTON
012 C02AA01 MA
012 C03AA01 02116
013 A00AA01 KPMG PEAT MARWICK, LLP
013 B01AA01 BOSTON
013 B02AA01 MA
013 B03AA01 02110
020 A000001 FIRST BOSTON
020 B000001 13-5659485
020 C000001 1
020 A000002 MERRIL LYNCH, PIERCE, FENNER & SMITH
020 B000002 13-5674085
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020 A000003 DAIN BOSWORTH INCORPORATED
020 B000003 41-0212020
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022 B000001 13-3082694
022 C000001 19741
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022 A000002 DOMINI SOCIAL INDEX PORTFOLIO
022 B000002 04-3081260
022 C000002 10111
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022 A000003 HERZOG, HEINE, GEDULD, INC.
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022 C000003 284
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<PAGE> PAGE 3
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<PAGE> PAGE 4
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<PAGE> PAGE 5
015 A000201 INVESTORS BANK & TRUST COMPANY
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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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<PAGE> PAGE 9
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<PAGE> PAGE 10
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015 A000301 INVESTORS BANK & TRUST COMPANY
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<PAGE> PAGE 11
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<PAGE> PAGE 12
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<PAGE> PAGE 13
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<PAGE> PAGE 14
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SIGNATURE MEG GREIFENKAMP
TITLE ADMINISTRATION
<TABLE> <S> <C>
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<CIK> 0000877232
<NAME> GREEN CENTURY FUNDS
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<NAME> BALANCED FUND
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<NAME> GREEN CENTURY FUNDS
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</TABLE>
Exhibit to Accompany
Item 77J
Form N-SAR
Green Century Equity Fund
(the "Fund")
According to the provisions of Statement of Position 93 - 2 (SOP
93 - 2) "Determination, Disclosure and Financial Statement
Presentation of Income, Capital Gain and Return of Capital
Distributions by Investment Companies," the Fund is required to
report the accumulated net investment income (loss) and
accumulated net capital gain (loss) accounts to approximate
amounts available for future distributions on a tax basis (or to
offset future realized capital gains). As a result, the Fund has
reclassified net realized gain of $26,637 to increase undistributed
net investment income by $26,637 for the year ended July 31,
1998.
This reclassification has no impact on the net asset value of the
Fund and is designed to present the Fund's capital account on a tax
basis.
To the Board of Trustees and Shareholders
The Green Century Funds
In planning and performing our audit of the financial statements of
the Green Century Balanced Fund (the "Fund") at July 31, 1998
and for the month then ended, we considered its internal control,
including procedures 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 the Fund is responsible for establishing and
maintaining internal control. In fulfilling this responsibility,
estimates and judgments by management are required to assess the
expected benefit 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 acquisition, 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
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 internal control would not necessarily
disclose all matters in 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 any specific internal
control component 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 internal control, including controls over
safeguarding securities, that we consider to be material weaknesses
as defined above as of July 31, 1998.
This report is intended solely for the information and use of
management and the Securities and Exchange Commission.
KPMG Peat Marwick LLP
Boston, Massachusetts
August 24, 1998
Page
To the Board of Trustees and Shareholders
The Green Century Funds
In planning and performing our audit of the financial statements of
the Green Century Equity Fund (the "Fund") at July 31, 1998 and
for the year then ended, we considered its internal control, including
procedures 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 the Fund is responsible for establishing and
maintaining internal control. In fulfilling this responsibility,
estimates and judgments by management are required to assess the
expected benefit 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 acquisition, 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 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 internal control would not necessarily disclose
all matters in 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 any specific internal control component
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 internal control, including controls over safeguarding
securities, that we consider to be material weaknesses as defined
above as of July 31, 1998.
This report is intended solely for the information and use of
management and the Securities and Exchange Commission.
KPMG Peat Marwick LLP
Boston, Massachusetts
August 24, 1998
Page
