FIRST OMAHA FUNDS, INC.
FORM N-SAR
Report for the Period Ending March 31, 2000
Item 77J - Revaluation of Assets or Restatement of
Capital Share Accounts in accordance with the
provisions of Statement of Position 93-2,
"Determination, Disclosure and Financial Statement
Presentation of Income, Capital Gain and Return of
Capital Distributions by Investment Companies," the
Funds are required to report the accumulated net
investment income (loss) and accumulated net
capital gain (loss) accounts to approximate amounts
available for future distributions on a tax basis (or
to offset future realized capital gains).
Accordingly, reclassifications were recorded to
increase undistributed net investment income by
$2,022,$2,022, $2,022, $937, $2,022, $1,593, and
$1,929; decrease undistributed net realized loss on
investments by $0, $0, $0,$0, $0, $1,419 and $0; and
decrease paid-in capital in excess of par by $2,022,
$2,022, $2,022, $937, $2,022, $3,012 and $1,929
in the U.S. Government Money Market Fund, the
Short/Intermediate Fixed Income Fund, the Fixed
Income Fund, the Balanced Fund, the Equity Fund, the
Growth Fund and the Small Cap Value Fund,
respectively.
These reclassifications have no impact on the net
asset values of the Funds and are designed to present
the Funds' capital accounts on a tax basis.
