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SIGNATURE ERIC M. BANHAZL
TITLE ASSISTANT TREASURER
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<FISCAL-YEAR-END> JUN-30-1998
<PERIOD-START> JUL-01-1997
<PERIOD-END> JUN-30-1998
<EXCHANGE-RATE> 1
<INVESTMENTS-AT-COST> 42,439
<INVESTMENTS-AT-VALUE> 47,594
<RECEIVABLES> 1,347
<ASSETS-OTHER> 12
<OTHER-ITEMS-ASSETS> 2
<TOTAL-ASSETS> 48,954
<PAYABLE-FOR-SECURITIES> 1,449
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 106
<TOTAL-LIABILITIES> 1,555
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 40,825
<SHARES-COMMON-STOCK> 2,926
<SHARES-COMMON-PRIOR> 1,475
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 1,419
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 5,155
<NET-ASSETS> 47,399
<DIVIDEND-INCOME> 410
<INTEREST-INCOME> 117
<OTHER-INCOME> 0
<EXPENSES-NET> 493
<NET-INVESTMENT-INCOME> 35
<REALIZED-GAINS-CURRENT> 2,940
<APPREC-INCREASE-CURRENT> 1,178
<NET-CHANGE-FROM-OPS> 4,153
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 121
<DISTRIBUTIONS-OF-GAINS> 3,451
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 1,931
<NUMBER-OF-SHARES-REDEEMED> 702
<SHARES-REINVESTED> 222
<NET-CHANGE-IN-ASSETS> 23,405
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 2,017
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 334
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 580
<AVERAGE-NET-ASSETS> 39,239
<PER-SHARE-NAV-BEGIN> 16.27
<PER-SHARE-NII> .01
<PER-SHARE-GAIN-APPREC> 1.79
<PER-SHARE-DIVIDEND> .04
<PER-SHARE-DISTRIBUTIONS> 1.81
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 16.2
<EXPENSE-RATIO> 1.48
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
The Board of Trustees
Jurika & Voyles Fund Group
In planning and performing our audit of the financial statements of Jurika
& Voyles Fund Group (including the Mini-Cap Fund, the Value + Growth Fund,
and the Balanced Fund) for the year ended June 30, 1998, we considered its
internal control, including controls over 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 Jurika & Voyles Fund Group 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
including safeguarding of assets against unauthorized acquisition, use,
or disposition.
Because of inherent limitations in internal control, errors or fraud may
occur and may 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 any specific internal control component does not reduce to a
relatively low level the risk that errors 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 p
performing their assigned functions. However, we noted no matters involving
internal control, including controls over safeguarding securities, that we
consider to be material weaknesses as defined as above as of June 30, 1998.
This report is intended solely for the information and use of management and
the Securities and Exchange Commission.
McGladrey & Pullen, LLP
New York, New York
July 24, 1998