Baird, Kurtz & Dobson
City Center Square
1100 Main Street, Suite 2700
Kansas City, MO 64105-2112
816-221-6300 Fax 816-221-6380
www.bkd.com
Independent Accountants' Report
To the Board of Directors of
UMB Scout Worldwide Fund, Inc.
and
the Securities and Exchange Commission:
RE: UMB Scout Worldwide Fund, Inc.
Form N-17f-2
File Number 811-7472
We have examined management's assertion about UMB SCOUT WORLDWIDE
FUND, INC.'s (the "Company's") compliance with the requirements of
subsections (b) and (c) of Rule 17f-2 under the Investment Company Act
of 1940 (the "Act") as of January 31, 2000, included in the
accompanying Management Statement Regarding Compliance with Certain
Provisions of the Investment Company Act of 1940. Management is
responsible for the Company's compliance with those requirements. Our
responsibility is to express an opinion on management's assertion
about the Company's compliance based on our examination.
Our examination was made in accordance with standards established
by the American Institute of Certified Public Accountants and,
accordingly, included examining, on a test basis, evidence about the
Company's compliance with those requirements and performing such other
procedures as we considered necessary in the circumstances. Included
among our procedures were the following tests performed as of January
31, 2000, with respect to securities of UMB SCOUT WORLDWIDE FUND,
INC., without prior notice to management:
- - Confirmation of all securities held by the Federal Reserve Bank
of Kansas City, The Depository Trust Company, Participants
Trust Company, Brown Brothers Harriman & Co. and Euroclear in
book entry form;
- - Reconciliation of all such securities to the books and records
of the Company and the Custodian;
- - Confirmation of all repurchase agreements with brokers/banks
and agreement of underlying collateral with custodian records.
We believe that our examination provides a reasonable basis for our
opinion. Our examination does not provide a legal determination on
the Company's compliance with specified requirements.
In our opinion, management's assertion that UMB SCOUT WORLDWIDE
FUND, INC. was in compliance with the requirements of subsections (b)
and (c) of Rule 17f-2 of the Investment Company Act of 1940 as of
January 31, 2000 with respect to securities reflected in the
investment account of the Company is fairly stated, in all material
respects.
This report is intended solely for the information and use of
management of UMB SCOUT WORLDWIDE FUND, INC. and the Securities and
Exchange Commission and is not intended to be and should not be used
by anyone other than these specified parties.
BAIRD, KURTZ & DOBSON
Kansas City, Missouri
April 10, 2000
Members of
Moores
Rowland
International
<PAGE>
Washington, D.C. 20549
FORM N-17f-2
Certificate of Accounting of Securities and Similar Investments
in the Custody of Management Investment Companies
Pursuant to Rule 17f-2 [17 CFR 270.17f-2]
1. Investment Company Act File Number: Date examination completed:
811-7472 January 31, 2000
2. State Identification Number:
AL *
AK 00
02066
AZ S-
0035534-
QUAL
AR 93-
M0328-01
CA 308-
7989
CO IC-94-
06-769
CT SI45572
DE 8684
DC *
FL *
GA 56-
002879
HI *
ID 48847
IL 9943025
IN 93-0423
IC
IA I-29840
KS
94S00
00015
KY M34790
LA 66063
ME 0-6833
MD SM980018
MA 989284
MI 227114
MN R-
36764.1
MS MF-98-
01-002
MO 1993-
00673
MT 28321
NE 30480
NV *
NH *
NJ *
NM 695887
NY S 27 53
21
NC 7489
ND U563
OH 17400
OK I-321397
OR 98-0080
PA 93-07-
010MF
RI *
SC
MF1122
0
SD 10597
TN RM98-
3647
TX C 42953
UT 006-6364-
13
VT
1/16/98-
25
VA 2612
WA C-
57891-e
WV MF-24123
WI 341394-
03
WY 20513
PUERTO RICO S-19806
Other (specify):
*Indicates Fund is registered in state but state does not issue
identification numbers
Securities in the UMB Scout Funds Combined Prospectus included on
one Notice Filing (Balanced Fund, Bond Fund, Capital Preservation
Fund, Kansas Tax-Exempt Bond Fund, Money Market Fund, Regional
Fund, Stock Fund, Stock Select Fund, Tax-Free Money Market Fund,
Worldwide Fund, Worldwide Select Fund)
3. Exact name of investment company as specified in registration
statement:
UMB Scout Worldwide Fund, Inc.
4. Address of principal executive office: (number, street, city, state,
zip code)
700 Karnes Boulevard, BMA Tower, Kansas City, Missouri 64108
INSTRUCTIONS
This Form must be completed by the investment companies that have custody
of securities or similar investments.
Investment Company
1. All items must be completed by the investment company.
2. Give this Form to the independent public accountant who, in compliance
with Rule 17f-2 under the Act and applicable state law, examines
securities and similar investments in the custody of the investment
company.
Accountant
3. Submit this Form to the Securities and Exchange Commission and appropriate
state securities administrators when filing the certificate of accounting
required by Rule 17f-2 under the Act and applicable state law. File the
original and one copy with the Securities and Exchange Commission's
principal office in Washington, D.C., one copy with the regional office
for the region in which the investment company's principal business
operations are conducted, and one copy with the appropriate state
administrator(s), if applicable.
THIS FORM MUST BE GIVEN TO YOUR INDEPENDENT PUBLIC ACCOUNTANT
Note: The estimated average burden hours are made solely for purposes of
the Paperwork Reduction Act, and are not derived from a comprehensive or
even a representative survey or study of the costs of SEC rules and forms.
Direct any comments concerning the accuracy of the estimated average burden
hours for compliance with SEC rules and forms to Kenneth A. Fogash, Deputy
Executive Director, U.S. Securities and Exchange Commission, 450 Fifth
Street, N.W., Washington, D.C. 20549 and Gary Waxman, Clearance Officer,
Office of Management and Budget, Room 3208 New Executive Office Building,
Washington, D.C. 20503.
<PAGE>
Management Statement Regarding Compliance with
Certain Provisions of the Investment Company Act of 1940
We, as members of management of UMB Scout Worldwide Fund, Inc.
(the "Company"), are responsible for complying with the
requirements of subsections (b) and (c) of Rule 17F-2, "Custody
of Investments by Registered Management Investment Companies," of
the Investment Company Act of 1940. We are also responsible for
establishing and maintaining effective internal controls over
compliance with those requirements. We have performed an
evaluation of the Company's compliance with the requirements of
subsections (b) and (c) of Rule 17f-2 as of January 31, 2000 and
from June 30, 1999 through January 31, 2000.
Based on this evaluation, we assert that the Company was in
compliance with the requirements of subsections (b) and (c) of
Rule 17f-2 of the Investment Company Act of 1940 as of January
31, 2000 and from June 30, 1999 through January 31, 2000, with
respect to securities reflected in the investment account of the
Company.
UMB SCOUT WORLDWIDE FUND, INC.
By /s/Ralph R. Santoro
Ralph R. Santoro, Senior Vice President
<PAGE>
Baird, Kurtz & Dobson
City Center Square
1100 Main Street, Suite 2700
Kansas City, MO 64105-2112
816-221-6300 Fax 816-221-6380
www.bkd.com
Independent Accountants' Report
To the Board of Directors of
UMB Scout Worldwide Select Fund, Inc.
and
the Securities and Exchange Commission:
RE: UMB Scout Worldwide Select Fund, Inc.
Form N-17f-2
File Number 811-7472
We have examined management's assertion about UMB SCOUT WORLDWIDE
SELECT FUND, INC.'s (the "Company's") compliance with the requirements
of subsections (b) and (c) of Rule 17f-2 under the Investment Company
Act of 1940 (the "Act") as of January 31, 2000, included in the
accompanying Management Statement Regarding Compliance with Certain
Provisions of the Investment Company Act of 1940. Management is
responsible for the Company's compliance with those requirements. Our
responsibility is to express an opinion on management's assertion
about the Company's compliance based on our examination.
Our examination was made in accordance with standards established
by the American Institute of Certified Public Accountants and,
accordingly, included examining, on a test basis, evidence about the
Company's compliance with those requirements and performing such other
procedures as we considered necessary in the circumstances. Included
among our procedures were the following tests performed as of January
31, 2000, with respect to securities of UMB SCOUT WORLDWIDE SELECT
FUND, INC., without prior notice to management:
- - Confirmation of all securities held by the Federal Reserve Bank
of Kansas City, The Depository Trust Company, Participants
Trust Company, Brown Brothers Harriman & Co. and Euroclear in
book entry form;
- - Reconciliation of all such securities to the books and records
of the Company and the Custodian;
- - Confirmation of all repurchase agreements with brokers/banks
and agreement of underlying collateral with custodian records.
We believe that our examination provides a reasonable basis for our
opinion. Our examination does not provide a legal determination on
the Company's compliance with specified requirements.
In our opinion, management's assertion that UMB SCOUT WORLDWIDE
SELECT FUND, INC. was in compliance with the requirements of
subsections (b) and (c) of Rule 17f-2 of the Investment Company Act
of 1940 as of January 31, 2000 with respect to securities reflected
in the investment account of the Company is fairly stated, in all
material respects.
This report is intended solely for the information and use of
management of UMB SCOUT WORLDWIDE SELECT FUND, INC. and the Securities
and Exchange Commission and is not intended to be and should not be
used by anyone other than these specified parties.
BAIRD, KURTZ & DOBSON
Kansas City, Missouri
April 10, 2000
Members of
Moores
Rowland
International
<PAGE>
Washington, D.C. 20549
FORM N-17f-2
Certificate of Accounting of Securities and Similar Investments
in the Custody of Management Investment Companies
Pursuant to Rule 17f-2 [17 CFR 270.17f-2]
1. Investment Company Act File Number: Date examination completed:
811-7472 January 31, 2000
2. State Identification Number:
AL *
AK 99 03459
AZ S-
0062433
AR 93-
M0328-02
CA 308-
7989
CO IC-94-
06-769
CT 1001461
DE *
DC *
FL *
GA 56-
002879
HI *
ID 50644
IL 9943025
IN 93-0423
IC
IA I-44127
KS
1999S000
1139
KY M34790
LA 66063
ME MF99-
11988
MD SM990911
MA *
MI 230926
MN R-
36764.1
MS MF-99-
04-111
MO 1993-
00673
MT 41176
NE 147313
NV *
NH *
NJ *
NM 995443
NY S 28 75
37
NC 7489
ND Y343
OH 18442
OK SE-
2001982
OR 98-0080
PA 93-07-
010MF
RI *
SC MF12209
SD 18922
TN M99-1262
TX C 59102
UT 006-
6364-13
VT
4/23/99-
12
VA 2612
WA C-61706-
0
WV MF-34890
WI 367263-
03
WY 20513
PUERTO RICO
Other (specify):
*Indicates Fund is registered in state but state does not issue
identification numbers
Securities in the UMB Scout Funds Combined Prospectus included on
one Notice Filing (Balanced Fund, Bond Fund, Capital Preservation
Fund, Kansas Tax-Exempt Bond Fund, Money Market Fund, Regional Fund,
Stock Fund, Stock Select Fund, Tax-Free Money Market Fund, Worldwide
Fund, Worldwide Select Fund)
3. Exact name of investment company as specified in registration
statement:
UMB Scout Worldwide Select Fund, Inc.
4. Address of principal executive office: (number, street, city, state,
zip code)
700 Karnes Boulevard, BMA Tower, Kansas City, Missouri 64108
INSTRUCTIONS
This Form must be completed by the investment companies that have custody
of securities or similar investments.
Investment Company
1. All items must be completed by the investment company.
2. Give this Form to the independent public accountant who, in compliance
with Rule 17f-2 under the Act and applicable state law, examines
securities and similar investments in the custody of the investment
company.
Accountant
3. Submit this Form to the Securities and Exchange Commission and appropriate
state securities administrators when filing the certificate of accounting
required by Rule 17f-2 under the Act and applicable state law. File the
original and one copy with the Securities and Exchange Commission's
principal office in Washington, D.C., one copy with the regional office
for the region in which the investment company's principal business
operations are conducted, and one copy with the appropriate state
administrator(s), if applicable.
THIS FORM MUST BE GIVEN TO YOUR INDEPENDENT PUBLIC ACCOUNTANT
Note: The estimated average burden hours are made solely for purposes of
the Paperwork Reduction Act, and are not derived from a comprehensive or
even a representative survey or study of the costs of SEC rules and forms.
Direct any comments concerning the accuracy of the estimated average burden
hours for compliance with SEC rules and forms to Kenneth A. Fogash, Deputy
Executive Director, U.S. Securities and Exchange Commission, 450 Fifth
Street, N.W., Washington, D.C. 20549 and Gary Waxman, Clearance Officer,
Office of Management and Budget, Room 3208 New Executive Office Building,
Washington, D.C. 20503.
<PAGE>
Management Statement Regarding Compliance with
Certain Provisions of the Investment Company Act of 1940
We, as members of management of UMB Scout Worldwide Select
Fund, Inc. (the "Company"), are responsible for complying with
the requirements of subsections (b) and (c) of Rule 17F-2,
"Custody of Investments by Registered Management Investment
Companies," of the Investment Company Act of 1940. We are also
responsible for establishing and maintaining effective internal
controls over compliance with those requirements. We have
performed an evaluation of the Company's compliance with the
requirements of subsections (b) and (c) of Rule 17f-2 as of
January 31, 2000 and from June 30, 1999 through January 31, 2000.
Based on this evaluation, we assert that the Company was in
compliance with the requirements of subsections (b) and (c) of
Rule 17f-2 of the Investment Company Act of 1940 as of January
31, 2000 and from June 30, 1999 through January 31, 2000, with
respect to securities reflected in the investment account of the
Company.
UMB SCOUT WORLDWIDE SELECT FUND, INC.
By /s/Ralph R. Santoro
Ralph R. Santoro, Senior Vice President
