EXHIBIT 77.B
[PRICEWATERHOUSECOOPERS LETTERHEAD]
REPORT OF INDEPENDENT ACCOUNTANTS
To the Board of Directors and Shareholders of Sentry Fund, Inc.:
In planning and performing our audit of the financial statements and financial
highlights of Sentry Fund, Inc. for the year ended October 31, 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 financial highlights and
to comply with the requirements of Form N-SAR, not to provide assurance on
internal control.
The management of Sentry Fund, Inc. 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 and
financial highlights 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, 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 and financial highlights 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 over
safeguarding securities, that we consider to be material weaknesses as defined
above as of October 31, 2000.
This report is intended solely for the information and use of management, the
Board of Directors of Sentry Fund, Inc., and the Securities and Exchange
Commission.
/s/ PricewaterhouseCoopers LLP
Chicago, Illinois
November 21, 2000
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This Report is signed on behalf of the Registrant in the City of Stevens Point,
State of Wisconsin, this 14th day of December, 2000.
SENTRY FUND, INC.
BY: /s/William M. O'Reilly
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William M. O'Reilly, Secretary
Attest:
/s/Sue Brock
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