GRANT THORNTON
Grant Thornton LLP
Accountants and
Management Consultants
The US Member Firm of
Grant Thornton International
REPORT OF INDEPENDENT CERTIFIED PUBLIC ACCOUNTANTS
To the Board of Directors of
Kenilworth Fund, Inc., and
The Securities and Exchange Commission
We have examined management's assertion about the Kenilworth
Fund'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 November 29, 2000, and
during the period from July 18, 2000, (the date of the last
report on Management's Statement Regarding Compliance with
Certain Provisions of the Investment Company Act of 1940) through
November 29, 2000, included in the accompanying Management
Statement Regarding Compliance with Certain Provisions of the
Act. 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 November 29, 2000:
- Counted and inspected all securities held in a safe deposit
box the vault of the National Safe Deposit Box Company, One First
National Plaza, Chicago, Illinois 60603;
- Confirmation of all securities in transit on November 29,
2000, directly with the appropriate brokers; and
- Reconciliation of all securities to the books and records
of the Company.
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.
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In our opinion, management's assertion that the Kenilworth Fund
was in compliance with the requirements of subsections (b) and
(c) of Rule 17f-2 of the Act as of November 29, 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 the Kenilworth Fund and the Securities and Exchange
Commission and should not be used for any other purpose.
/s/ Grant Thornton LLP
Chicago, Illinois
November 30, 2000
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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549 OMB APPROVAL
OMB Number: 3235-0360
FORM N-17f-2 Expires July 31, 1994
Estimated average burden
hours per response..0.05
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: 811-7620
Date examination completed: July 18, 2000
2. State identification Number:
CA: 5/6/97 FL: 048290 IL:9325975 TX: C5286000000
3. Exact name of investment company as specified in registration
statement:
KENILWORTH FUND, INC.
4. Address of principal executive office (number, street, city,
state, zip code):
One First National Plaza, Suite 2594, Chicago, IL 60603
INSTRUCTIONS
This Form must be completed by 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
SEC 2198 (8-95)
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Management Statement Regarding Compliance with Certain Provisions
of the Investment Company Act of 1940
We, as members of management of the Kenilworth 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 November 30, 2000 and from January 4,
2000 through November 30, 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 November
30, 2000 and from January 4, 2000 through November 30, 2000,
with respect to securities reflected in the investment account of
the Company.
Kenilworth Fund, Inc.
/s/ Savitri P. Pai
Savitri P. Pai
General Counsel
Kenilworth Fund, Inc.
