REPORT OF INDEPENDENT ACCOU
NTANTS
To the Board of Directors and Shareholders
of The Boston 1784 Funds:
In planning and performing our audit of the fin
ancial statements of the Boston 1784 Funds, con
sisting of the Boston 1784 Tax-Free Money Mark
t Fund, Boston 1784 U.S. Treasury Money Market
Fund, Boston 1784 Institutional U.S. Treasury
Money Market Fund, Boston 1784 Prime Money Ma
rket Fund, Boston 1784 Institutional Prime Mon
ey Market Fund, Boston 1784 Short-Term Income
Fund, Boston 1784 Income Fund, Boston 1784 U.S
. Government Medium-Term Income Fund, Boston 1
784 Tax-Exempt Medium-Term Income Fund, Boston
1784 Connecticut Tax-Exempt Income Fund, Bos
ton 1784 Florida Tax-Exempt Income Fund, Bosto
n 1784 Massachusetts Tax-Exempt Income Fund, Bo
ston 1784 Rhode Island Tax-Exempt Income Fund,
Boston 1784 Asset Allocation Fund, Boston 1784
Growth and Income Fund, Boston 1784 Growth Fu
nd, and Boston 1784 International Equity Fund
(collectively, the "Company") for the year end
ed May 31, 2000, we considered its internal co
ntrol, including control activities for safegu
arding securities, in order to determine our a
uditing procedures for the purpose of expressi
ng 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 Company is responsible fo
r establishing and maintaining internal control
. In fulfilling this responsibility, estimates
and judgements by management are required to a
ssess the expected benefits and related costs o
f controls. Generally, controls that are releva
nt 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 asse
ts against unauthorized acquisition, use or dispo
sition.
Because of inherent limitations in internal contr
ols, errors or fraud may occur and may not be det
ected. Also, projection of any evaluation of int
ernal control to future periods is subject to the
risk that it may become inadequate because of cha
nges in conditions or that the effectiveness of t
he design and operation may deteriorate.
Our consideration of internal control would not ne
cessarily disclose all matters in internal control
that might be material weaknesses under standard
s established by the American Institute of Certifi
ed Public Accountants. A material weakness is a c
ondition 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 mis
statements caused by errors or fraud in amounts th
at would be material in relation to the financial
statements and financial highlights being audited
may occur and not be detected within a timely peri
od by employees in the normal course of performing
their assigned functions. However, we noted no m
atters involving internal control and its operatio
n, including controls over safeguarding securities,
that we consider to be material weaknesses as defin
ed above as of M
ay 31, 2000.
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 ot
her than these specified parties.
PricewaterhouseCoopers LLP
Two Commerce Square
2001 Market Street
Philadelphia, Pennsylvania
July 17, 2000
