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SIGNATURE STEVE MEYER
TITLE CONTROLLER
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<NAME> FMB FUNDS, INC.
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<NAME> INTERMEDIATE GOVERNMENT CONSUMER CLASS
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<TABLE> <S> <C>
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<CIK> 0000879638
<NAME> FMB FUNDS, INC.
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<NAME> FMB FUNDS, INC.
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<S> <C>
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<DISTRIBUTIONS-OF-GAINS> (306)
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<SHARES-REINVESTED> 20
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</TABLE>
January 13, 1998
To the Trustees of
FMB Funds, Inc.
In planning and performing our audit of the financial statements of
FMB Funds, Inc. (the "Funds") for the year ended November 30, 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 the Funds 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 control activities. Generally, control activities 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
control activities 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 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 internal control, including
control activities for safeguarding securities, that we consider to be
material weaknesses as defined above as of November 30, 1997.
This report is intended solely for the information and use of management
and the Securities and Exchange Commission.
