Report of Independent Public Accountants
To the Shareholders and Board of Trustees of
SOUTHTRUST FUNDS:
In planning and performing our audit of the financial statements of
SouthTrust Bond Fund, SouthTrust Value Fund, SouthTrust Growth Fund,
SouthTrust Alabama Tax Free Income Fund, SouthTrust Income Fund and
SouthTrust U.S. Treasury Money Market Fund (investment portfolios of
SouthTrust Funds, a Massachusetts business trust) for the year ended
April 30, 2000, 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 SouthTrust 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 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 any internal control, error or fraud
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 one or more of the internal control components does not reduce
to a relatively low level the risk that misstatements caused by error or
fraud 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 and
its operation, including controls for safeguarding securities that we
consider to be material weaknesses as defined above as of April 30, 2000.
This report is intended solely for the information and use of management,
and Board of Trustees of SouthTrust Funds, and the Securities and Exchange
Commission.
Boston, Massachusetts
June 20, 2000
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