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<PAGE> PAGE 13
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SIGNATURE GUY NORDAHL
TITLE MANAGER
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.
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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.
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WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
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<NAME> NORTHSTAR INTERNATIONAL VALUE FUND
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WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
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<NAME> NORTHSTAR TRUST
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WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
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<NAME> INCOME AND GROWTH CLASS C
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REPORT OF INDEPENDENT ACCOUNTANTS
______________
To the Shareholders and Trustees
of Northstar Trust:
In planning and performing our audits of the financial statements and financial
highlights of
Northstar Trust comprising Northstar Growth + Value Fund, Northstar
International Value Fund,
Northstar Emerging Markets Value Fund, Northstar Income and Growth Fund,
Northstar High
Total Return Fund II and Northstar High Total Return Fund (collectively the
"Funds"), for the
year ended October 31, 1998, except for Northstar Emerging Markets Value Fund
for the period
January 1, 1998 (commencement of operations) through October 31, 1998, we
considered its
internal control, including controls activities for safeguarding securities, in
order to determine our
auditing procedures for the purposes 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 the Funds 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 principles.
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 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 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 for safeguarding
securities, that we consider to be material weaknesses as defined above as of
October 31, 1998.
This report is intended solely for the information and use of management, the
Trustees of
Northstar Trust, and the Securities and Exchange Commission.
New York, New York
December 11, 1998
