<PAGE> PAGE 1
000 B000000 12/31/1999
000 C000000 0000885980
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000 J000000 A
001 A000000 THE YACKTMAN FUNDS, INC.
001 B000000 811-6628
001 C000000 3122011200
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002 C000000 IL
002 D010000 60606
003 000000 N
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008 B00AA01 A
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008 D02AA01 IL
008 D03AA01 60606
010 A00AA01 SUNSTONE FINANCIAL GROUP, INC.
010 B00AA01 84-5792
010 C01AA01 MILWAUKEE
010 C02AA01 WI
010 C03AA01 53202
012 A00AA01 FIRSTAR MUTUAL FUND SERVICES, LLC
012 B00AA01 85-00410
012 C01AA01 MILWAUKEE
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<PAGE> PAGE 2
012 C03AA01 53202
013 A00AA01 PRICEWATERHOUSECOOPERS LLC
013 B01AA01 MILWAUKEE
013 B02AA01 WI
013 B03AA01 53202
015 A00AA01 FIRSTAR BANK MILWAUKEE
015 B00AA01 C
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015 C02AA01 WI
015 C03AA01 53202
015 E01AA01 X
018 00AA00 Y
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020 B000001 95-2622900
020 C000001 176
020 A000002 STANDARD & POORS
020 B000002 13-3145333
020 C000002 70
020 A000003 PRUDENTIAL SECURITIES
020 B000003 22-2347336
020 C000003 45
020 A000004 WEEDEN & CO., LLP
020 B000004 13-3364318
020 C000004 39
020 A000005 CHARLES SCHWAB & CO., INC.
020 B000005 94-1727783
020 C000005 18
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020 C000006 12
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<PAGE> PAGE 3
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<PAGE> PAGE 7
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<PAGE> PAGE 10
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<PAGE> PAGE 11
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SIGNATURE JON KIEKHOFER
TITLE ADMINISTRATOR
Report of Independent Accountants
To the Board of Directors and
Shareholders
of The Yacktman Funds, Inc.
In planning and performing our audit of
the financial statements of The Yacktman
Fund and The Yacktman Focused Fund
constituting The Yacktman Funds, Inc.,
hereafter referred to as the Funds for
the year ended December 31, 1999, we
considered their 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 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 fraud may
occur and not be detected. Also,
projection of any evaluation of internal
control to future periods is subject to
the risk that controls may become
inadequate because of changes in
conditions or that the effectiveness of
their 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
December 31, 1999.
This report is intended solely for the
information and use of the Board of
Directors, management and the Securities
and Exchange Commission and is not
intended to be and should not be used by
anyone other than these specified
parties.
January 28, 2000
Exhibit to Accompany
Item 77J b
Form N-SAR
The Yacktman Funds, Inc.
the Funds
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 Funds are 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. Accordingly, at December 31, 1999
reclassifications were recorded to
decrease increase
undistributed net investment income by
$227,732 and
$387, decrease undistributed net realized
gains
losses by $1,146,188 and $0, and increase
decrease
capital stock by $1,373,920 and $387 for
The Yacktman
Fund and The Yacktman Focused Fund,
respectively.
This reclassification has no impact on
the net asset
value of the Fund and is designed to
present the Funds
capital account on a tax basis.
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<CIK> 0000885980
<NAME> THE YACKTMAN FUNDS, INC.
<SERIES>
<NUMBER> 2
<NAME> THE YACKTMAN FOCUSED FUND
<S> <C>
<PERIOD-TYPE> YEAR
<FISCAL-YEAR-END> DEC-31-1999
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<NET-CHANGE-FROM-OPS> (4,309,867)
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (125,562)
<DISTRIBUTIONS-OF-GAINS> (20,480)
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<PER-SHARE-DISTRIBUTIONS> (.02)
<RETURNS-OF-CAPITAL> 0
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<EXPENSE-RATIO> 1.19
</TABLE>
