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<PAGE> PAGE 2
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<PAGE> PAGE 3
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<PAGE> PAGE 10
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<PAGE> PAGE 11
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<PAGE> PAGE 13
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<PAGE> PAGE 14
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<PAGE> PAGE 18
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SIGNATURE MICHELLE A. WHALEN
TITLE SR. ADMINISTRATOR
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
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<NAME> WILSHIRE TARGET FUNDS
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WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
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<NAME> WILSHIRE TARGET FUNDS
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WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
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WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
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<NAME> WILSHIRE TARGET FUNDS
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</TABLE>
REPORT OF INDEPENDENT ACCOUNTANTS
To the Shareholders and Board of Directors of
Wilshire Target Funds, Inc.:
In planning and performing our audits of the financial statements
and financial highlights of Wilshire Target Funds, Inc. (the "Fund")
for the year ended August 31, 1998, we considered its internal
control, including controls for safeguarding securities, in order
to determine our auditing procedures for the purpose of expressing
our opinion of the financial statements and financial highlights and
to comply with the requirements of Form N-SAR, not to provide
assurance on the internal control.
The management of the Fund is responsible for establishing and
maintaining internal control. In fulfilling this responsibility,
estimates and judgements 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 principals.
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 futures periods is subject to the risk that it may
become inadequate because of changes in conditions o that the
effectiveness of the design and operation may deteriorate.
Our consideration of the 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 the specific internal control
component does not reduce to a relatively low level the risk that
errors 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, including procedures for
safeguarding securities, that we consider to be material weaknesses,
as defined above, as of August 31, 1998.
This report if intended solely for the information and use of
management of the Fund and the Securities and Exchange Commission.
PricewaterhouseCoopers LLP
Boston, Massachusetts
October 9, 1998
