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SIGNATURE LANCE CAMPBELL
TITLE MG. FUND ACCTG
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
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<NAME> BERGER INVESTMENT PORTFOLIO TRUST
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<PER-SHARE-NII> 0<F1>
<PER-SHARE-GAIN-APPREC> 3.99<F1>
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<PER-SHARE-DISTRIBUTIONS> 0<F1>
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<PER-SHARE-NAV-END> 57.46<F1>
<EXPENSE-RATIO> 1.83<F1>
[AVG-DEBT-OUTSTANDING] 0
[AVG-DEBT-PER-SHARE] 0
<FN>
<F1>Investor Share Class
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WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
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<NAME> BERGER INVESTMENT PORTFOLIO TRUST
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To the Board of Trustees and Shareholders of
Berger Investment Portfolio Trust
In planning and performing our audits of the financial
statements of Berger Investment Portfolio Trust for the
year or period ended September 30, 1999, we considered
its internal control, including control activities for
safeguarding securities, in order to determine our auditing
procedures for the purpose of expressing 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 Berger Investment Portfolio Trust is
responsible for establishing and maintaining internal
control. In fulfilling this responsibility, estimates
and judgments 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 September 30, 1999.
This report is intended solely for the information and use
of management and the Board of Trustees of Berger Investment
Portfolio Trust and the Securities and Exchange Commission
and is not intended to be and should not be used by anyone
other than these specified parties.
PricewaterhouseCoopers LLP
Denver, Colorado
November 4, 1999
