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<PAGE> PAGE 15
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SIGNATURE GUY NORDAHL
TITLE MANAGER
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<ACCUMULATED-NII-PRIOR> 0
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<TABLE> <S> <C>
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<NAME> INCOME AND GROWTH
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<CIK> 0000916403
<NAME> NORTHSTAR/NWNL TRUST
<SERIES>
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<NAME> MULTI-SECTOR BOND FUND
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<OVERDISTRIBUTION-GAINS> 0
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</TABLE>
REPORT OF INDEPENDENT ACCOUNTANTS
To the Shareholders and Board of Trustees of
Northstar/NWNL Trust:
In planning and performing our audit of the financial statements
and financial highlights of Northstar/NWNL Trust for year ended
December 31, 1995, we considered its internal control structure,
including procedures for safeguarding securities, in order to
determine our auditing procedures for the purpose 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 the internal control structure.
The management of Northstar/NWNL Trust is responsible for
establishing and maintaining an internal control structure. In
fulfilling this responsibility, estimates and judgments by
management are required to assess the expected benefits and
related costs of internal control structure policies and
procedures. Two of the objectives of an internal control
structure are to provide management with reasonable, but not
absolute, assurance that assets are safeguarded against loss
from unauthorized use or disposition and that transactions are
executed in accordance with management's authorization and
recorded properly to permit preparation of financial statements
in conformity with generally accepted accounting principles.
Because of inherent limitations in any internal control
structure, errors or irregularities may occur and not be
detected. Also, projection of any evaluation of the structure
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 the internal control structure would not
necessarily disclose all matters in the internal control
structure 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 the specific internal control structure
elements does not reduce to a relatively low level the risk that
errors or irregularities in amounts that would be material in
relation to the financial statements and financial highlights
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 the
internal control structure, including procedures for
safeguarding securities, that we consider to be material
weaknesses, as defined above, as of December 31, 1995.
This report is intended solely for the information and use of
management of Northstar/NWNL Trust and the Securities and
Exchange Commission.
New York, New York
January 31, 1996
