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</TABLE>
Ernst & Young LLP
1300 Huntington Building
925 Euclid Avenue
Cleveland, Ohio 44115-1405
Phone: 216-861-5000
The Shareholders and Board of Directors
of Fairport Midwest Growth Fund, Fairport Growth
and Income Fund and Fairport Government
Securities Fund of the Fairport Funds
In planning and performing our audit of the financial statements of
the Fairport Midwest Growth Fund, Fairport Growth and Income Fund, and
Fairport Government Securities Fund of the Fairport Funds (the "Funds")
for the year ended October 31, 1997, we considered the Funds' 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 to comply with the requirements of Form
N-SAR, not to provide assurance on the internal control structure.
The management of Fairport Midwest Growth Fund, Fairport Growth & Income
Fund, and Fairport Government Securities Fund of the Fairport Funds is
responsible for establishing and maintaining a system of internal
accounting control. In fulfilling this responsibility, estimates and
judgements 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 of 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 the inherent limitations in any system of internal control
structure, errors or irregularities may occur and may 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 of risk that errors or
irregularities 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 the internal
control structure, including procedures for safeguarding securities, that
we consider to be material weaknesses as defined above as of October 31, 1997.
This report is intended solely for the use of management and the Securities
Exchange Commission.
Cleveland, Ohio
November 28, 1997
