-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, OlHobZybxzLOdDJ7CkYFTE+pvGhM3T+i0tjWkDxLB+cK0g6DEA7hZJ84jmRm+3qG m3Pk2nAsge2Kd6nNJcMqMA== 0000950168-99-001743.txt : 19990615 0000950168-99-001743.hdr.sgml : 19990615 ACCESSION NUMBER: 0000950168-99-001743 CONFORMED SUBMISSION TYPE: 40-17F2 PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 19990608 FILER: COMPANY DATA: COMPANY CONFORMED NAME: BT ALEX BROWN CASH RESERVE FUND INC CENTRAL INDEX KEY: 0000353447 STANDARD INDUSTRIAL CLASSIFICATION: [] IRS NUMBER: 621223991 STATE OF INCORPORATION: MD FISCAL YEAR END: 0331 FILING VALUES: FORM TYPE: 40-17F2 SEC ACT: SEC FILE NUMBER: 811-03196 FILM NUMBER: 99642372 BUSINESS ADDRESS: STREET 1: ONE SOUTH STREET CITY: BALTIMORE STATE: MD ZIP: 21202 BUSINESS PHONE: 4108953761 MAIL ADDRESS: STREET 1: ONE SOUTH ST CITY: BALTIMORE STATE: MD ZIP: 21202 FORMER COMPANY: FORMER CONFORMED NAME: BROWN ALEX CASH RESERVE FUND INC DATE OF NAME CHANGE: 19920703 FILER: COMPANY DATA: COMPANY CONFORMED NAME: FLAG INVESTORS COMMUNICATIONS FUND INC CENTRAL INDEX KEY: 0000731129 STANDARD INDUSTRIAL CLASSIFICATION: [] IRS NUMBER: 521319644 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 40-17F2 SEC ACT: SEC FILE NUMBER: 811-03883 FILM NUMBER: 99642373 BUSINESS ADDRESS: STREET 1: ONE SOUTH STREET CITY: BALTIMORE STATE: MD ZIP: 21202 BUSINESS PHONE: 800-767-3524 FORMER COMPANY: FORMER CONFORMED NAME: FLAG INVESTORS TELEPHONE INCOME FUND INC DATE OF NAME CHANGE: 19920703 FORMER COMPANY: FORMER CONFORMED NAME: FLAG INVESTORS TELEPHONE INCOME TRUST DATE OF NAME CHANGE: 19881211 FORMER COMPANY: FORMER CONFORMED NAME: FLAG INVESTORS FUND TELEPHONE INCOME SHARES SERIES DATE OF NAME CHANGE: 19870503 FILER: COMPANY DATA: COMPANY CONFORMED NAME: FLAG INVESTORS INTERNATIONAL FUND INC CENTRAL INDEX KEY: 0000800074 STANDARD INDUSTRIAL CLASSIFICATION: UNKNOWN SIC - 0000 [0000] IRS NUMBER: 526297057 STATE OF INCORPORATION: MD FISCAL YEAR END: 1031 FILING VALUES: FORM TYPE: 40-17F2 SEC ACT: SEC FILE NUMBER: 811-04827 FILM NUMBER: 99642374 BUSINESS ADDRESS: STREET 1: ONE SOUTH STREET CITY: BALTIMORE STATE: MD ZIP: 21202 BUSINESS PHONE: 8007673524 MAIL ADDRESS: STREET 1: 135 E. BALTIMORE STREET CITY: BALTIMORE STATE: MD ZIP: 21202 FORMER COMPANY: FORMER CONFORMED NAME: FLAG INVESTORS INTERNATIONAL TRUST DATE OF NAME CHANGE: 19920703 FILER: COMPANY DATA: COMPANY CONFORMED NAME: FLAG INVESTORS EMERGING GROWTH FUND INC CENTRAL INDEX KEY: 0000831675 STANDARD INDUSTRIAL CLASSIFICATION: [] FISCAL YEAR END: 1031 FILING VALUES: FORM TYPE: 40-17F2 SEC ACT: SEC FILE NUMBER: 811-05320 FILM NUMBER: 99642375 BUSINESS ADDRESS: STREET 1: ONE SOUTH STREET CITY: BALTIMORE STATE: MD ZIP: 21202 BUSINESS PHONE: 800-767-3524 MAIL ADDRESS: STREET 1: 135 E BALTIMORE ST CITY: BALTIMORE STATE: MD ZIP: 21202 FILER: COMPANY DATA: COMPANY CONFORMED NAME: FLAG INVESTORS SHORT INTERMEDIATE INCOME FUND INC CENTRAL INDEX KEY: 0000862473 STANDARD INDUSTRIAL CLASSIFICATION: [] FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 40-17F2 SEC ACT: SEC FILE NUMBER: 811-06084 FILM NUMBER: 99642376 BUSINESS ADDRESS: STREET 1: ONE SOUTH STREET STREET 2: 135 EAST BALTIMORE ST CITY: BALTIMORE STATE: MD ZIP: 21202 BUSINESS PHONE: 800-767-3524 FORMER COMPANY: FORMER CONFORMED NAME: FLAG INVESTORS INTERMEDIATE TERM INCOME FUND INC DATE OF NAME CHANGE: 19920703 FORMER COMPANY: FORMER CONFORMED NAME: FLAG INVESTORS INTERMEDIATE TERM BOND FUND INC DATE OF NAME CHANGE: 19910911 FORMER COMPANY: FORMER CONFORMED NAME: FLAG INVESTORS HIGH YIELD OPPORTUNTIES FUND INC DATE OF NAME CHANGE: 19910313 FILER: COMPANY DATA: COMPANY CONFORMED NAME: FLAG INVESTORS VALUE BUILDER FUND INC CENTRAL INDEX KEY: 0000885111 STANDARD INDUSTRIAL CLASSIFICATION: UNKNOWN SIC - 0000 [0000] IRS NUMBER: 521772203 STATE OF INCORPORATION: MD FISCAL YEAR END: 0331 FILING VALUES: FORM TYPE: 40-17F2 SEC ACT: SEC FILE NUMBER: 811-06600 FILM NUMBER: 99642377 BUSINESS ADDRESS: STREET 1: ONE SOUTH STREET CITY: BALTIMORE STATE: MD ZIP: 21202 BUSINESS PHONE: 8007673524 MAIL ADDRESS: STREET 1: 1 SOUTH STREET CITY: BALTIMORE STATE: MD ZIP: 21202 FORMER COMPANY: FORMER CONFORMED NAME: FLAG INVESTORS BALANCED FUND INC DATE OF NAME CHANGE: 19600201 FILER: COMPANY DATA: COMPANY CONFORMED NAME: FLAG INVESTORS MARYLAND INTERMEDIATE TAX FREE FUND INC/ CENTRAL INDEX KEY: 0000910065 STANDARD INDUSTRIAL CLASSIFICATION: [] STATE OF INCORPORATION: MD FISCAL YEAR END: 0630 FILING VALUES: FORM TYPE: 40-17F2 SEC ACT: SEC FILE NUMBER: 811-07922 FILM NUMBER: 99642378 BUSINESS ADDRESS: STREET 1: ONE SOUTH STREET CITY: BALTIMORE STATE: MD ZIP: 21202 BUSINESS PHONE: 800-767-3524 MAIL ADDRESS: STREET 1: 135 EAST BALTIMORE ST CITY: BALTIMORE STATE: MD ZIP: 21202 FILER: COMPANY DATA: COMPANY CONFORMED NAME: FLAG INVESTORS REAL ESTATE SECURITIES FUND INC CENTRAL INDEX KEY: 0000922844 STANDARD INDUSTRIAL CLASSIFICATION: UNKNOWN SIC - 0000 [0000] IRS NUMBER: 521879843 STATE OF INCORPORATION: MD FISCAL YEAR END: 0531 FILING VALUES: FORM TYPE: 40-17F2 SEC ACT: SEC FILE NUMBER: 811-08500 FILM NUMBER: 99642379 BUSINESS ADDRESS: STREET 1: ONE SOUTH STREET CITY: BALTIMORE STATE: MD ZIP: 21202 BUSINESS PHONE: 800-767-3524 MAIL ADDRESS: STREET 1: 135 EAST BALTIMORE STREET CITY: BALTIMORE STATE: MD ZIP: 21202 FORMER COMPANY: FORMER CONFORMED NAME: FLAG INVESTORS REAL ESTATE EQUITY FUND INC DATE OF NAME CHANGE: 19950918 FILER: COMPANY DATA: COMPANY CONFORMED NAME: FLAG INVESTORS EQUITY PARTNERS FUND INC CENTRAL INDEX KEY: 0000933402 STANDARD INDUSTRIAL CLASSIFICATION: [] IRS NUMBER: 521912412 STATE OF INCORPORATION: MD FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 40-17F2 SEC ACT: SEC FILE NUMBER: 811-08886 FILM NUMBER: 99642380 BUSINESS ADDRESS: STREET 1: ONE SOUTH STREET CITY: BALTIMORE STATE: MD ZIP: 21202 BUSINESS PHONE: 800-767-3524 MAIL ADDRESS: STREET 1: 135 EAST BALTIMORE ST CITY: BALTIMORE STATE: MD ZIP: 21202 40-17F2 1 BT ALEX BROWN [PricewaterhouseCoopers GRAPHIC LOGO APPEARS HERE] - -------------------------------------------------------------------------------- PricewaterhouseCoopers LLP 1177 Avenue of the Americas New York NY 10036 Telephone (212) 596 8000 Facsimile (212) 596 8910 June 1, 1999 Securities and Exchange Commission Philadelphia District Curtis Center, Suite 1105E 601 Walnut Street Philadelphia, PA 19106 Dear Sirs: In compliance with the Rule 17f-2 promulgated under the Investment Company Act of 1940, enclosed is our report covering our examinations of the securities of the BT Alex Brown Cash Reserve Fund, Inc.-Prime Series, BT Alex Brown Cash Reserve Fund, Inc.-Treasury Series, BT Alex Brown Cash Reserve Fund, Inc.-Tax Free Series, Flag Investor Emerging Growth Fund, Inc., Flag Investors Equity Partners Fund, Inc., Flag Investors Real Estate Securities Fund, Inc., Flag Investors Communications Fund, Inc., Flag Investors Value Builder Fund, Inc., Flag Investors Maryland Intermediate Tax-Free Income Fund, Inc., Flag Investors Short Intermediate Income Fund, Inc., and Flag Investors International Fund, Inc., at the close of business on October 30, 1998. Very truly yours, /s/PricewaterhouseCoopers LLP [PricewaterhouseCoopers GRAPHIC LOGO APPEARS HERE] - -------------------------------------------------------------------------------- PricewaterhouseCoopers LLP 1177 Avenue of the Americas New York NY 10036 Telephone (212) 596 8000 Facsimile (212) 596 8910 REPORT OF INDEPENDENT ACCOUNTANTS To the Board of Trustee of: BT Alex Brown Cash Reserve Fund, Inc.-Prime Series BT Alex Brown Cash Reserve Fund, Inc.-Treasury Series BT Alex Brown Cash Reserve Fund, Inc.-Tax Free Series Flag Investor Emerging Growth Fund, Inc. Flag Investors Equity Partners Fund, Inc. Flag Investors Real Estate Securities Fund, Inc. Flag Investors Communications Fund, Inc. Flag Investors Value Builder Fund, Inc. Flag Investors Maryland Intermediate Tax-Free Income Fund, Inc. Flag Investors Short Intermediate Income Fund, Inc. Flag Investors International Fund, Inc. We have examined management's assertion about BT Alex Brown Cash Reserve Fund, Inc. Prime Series, BT Alex Brown Cash Reserve Fund, Inc. Treasury Series, BT Alex Brown Cash Reserve Fund, Inc.-Tax Free Series, Flag Investor Emerging Growth Fund, Inc., Flag Investors Equity Partners Fund, Inc., Flag Investors Real Estate Securities Fund, Inc., Flag Investors Communications Fund, Inc., Flag Investors Value Builder Fund, Inc., Flag Investors Maryland Intermediate Tax-Free Income Fund, Inc., Flag Investors Short Intermediate Income Fund, Inc., and Flag Investors International Fund, Inc. (the "Funds") compliance with the requirements of subsections (b) and (c) of Rule 17f-2 under the Investment Company Act of 1940 ("the Act") as of October 30, 1998 included in its representation letter dated May 5, 1999. Management is responsible for the Funds' compliance with those requirements. Our responsibility is to express an opinion on management's assertion about the Funds' compliance based on our examination. Our examination was made in accordance with standards established by the American Institute of Certified Public Accountants and, accordingly, included examining, on a test basis, evidence about the Fund's compliance with those requirements and performing such other procedures as we considered necessary in the circumstances. Included among our procedures were the following tests performed as of October 30, 1998 and with respect to agreement of security purchases and sales, for the period from July 31, 1998 (the date of our last examination) through October 30, 1998: o Count and inspection of all securities located in the vault of Bankers Trust in New York; o Confirmation of all securities held by institutions in book entry form-The Federal Reserve Bank of New York, The Depository Trust Company, CREST and CHESS; o Confirmed all securities record-kept at banks with whom the Custodian and the Funds have contracted to provide sub-custodian services without prior notice to management including Citicorp-Florida, Generale Bank Belgium, Creditanstalt Bankyerein Austria, Barclays Bank London, Royal Bank of Canada, Den Danske Bank Denmark, Merita Bank Finland, Banque Paribas France, Dresdner Bank Germany, National Bank of Greece, Deutsche Bank India, Standard Charter Bank Indonesia, Allied Irish Bank Ireland, Standard Charter Bank Hong Kong, Citibank Italy, Sumitomo Bank Tokyo, Standard Charter Bank Korea, Custodian & Nominees Malaysia, Bancomer Mexico, ABN AMRO Netherlands, ANZ Nominees Limited, New Zealand, Euroclear Belgium, Standard Charter Bank Pakistan, Standard Charter Bank Manila, Banco Espirito Portugal, United Overseas Bank Singapore, Banco Santander Spain, Svenska Handelsbanken Sweden, Swiss Bank Corp Switzerland, Barclays Bank Bostwana, Standard Charter Bank Thailand, ABAS Securities, CEDEL, Citibank Poland, and Citibank Norway, o Confirmation of all securities hypothecated, pledged, placed in escrow, or out for transfer with brokers, pledgees and /or transfer agents; o Reconciliation of all such securities to the books and records of the Funds and the Custodian: o Confirmation of all repurchase agreements with brokers/banks and agreement of underlying collateral with Bankers Trust records; and o Agreed selected securities purchased and securities sold or matured since our last report from the books and records of the Funds to broker confirms. We believe that our examination provides a reasonable basis for our opinion. Our examination does not provide a legal determination on the Funds' compliance with specified requirements. In our opinion, management's assertion that the Funds were in compliance with the requirements of subsections (b) and (c) of Rule 17f-2 of the Investment Company Act of 1940 as of October 30, 1998 with the respect to securities reflected in the investment accounts of the Funds is fairly stated, in all material respects. This report is intended solely for the information and use of management of the Funds and the Securities and Exchange Commission and should not be used for any other purpose. /s/PricewaterhouseCoopers LLP New York, New York May 21, 1999 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ----------------------------- OMB APPROVAL FORM N-17f-2 ----------------------------- OMB Number: 3235-0360 Certificate of Accounting of Securities and Similar Expires: June 30, 1997 Investments in the Custody of Estimated average burden Management Investment Companies hours per rescores.....0.05 ----------------------------- Pursuant to Rule 17f-2[17 CFR 270.17f-2]
- -------------------------------------------------------------------------------------------------------- 1. Investment Company Act File Number: 811-3196 BT Alex Brown Cash Date examination completed: Reserve Fund, Inc., 811-3883 Flag Investors Communications Fund Inc., 811-4827 Flag Investors Inter-* October 31, 1998 - -------------------------------------------------------------------------------------------------------- 2. State identification Number: - -------------------------------------------------------------------------------------------------------- AL AK AZ AR CA CO ---------------------------------------------------------------------------------------------------- CT DE DC FL GA HI ---------------------------------------------------------------------------------------------------- ID IL IN IA KS KY ---------------------------------------------------------------------------------------------------- LA ME MD MA MI MN ---------------------------------------------------------------------------------------------------- MS MO MT NE NV NH ---------------------------------------------------------------------------------------------------- NJ NM NY NC ND OH ---------------------------------------------------------------------------------------------------- OK OR PA RI SC SD ---------------------------------------------------------------------------------------------------- TN TX UT VT VA WA ---------------------------------------------------------------------------------------------------- WV WI WY PUERTO RICO ---------------------------------------------------------------------------------------------------- Other (specify): ---------------------------------------------------------------------------------------------------- 3. Exact name of investment company as specified in registration statement: See 1 above - -------------------------------------------------------------------------------------------------------- - -------------------------------------------------------------------------------------------------------- 1. Address of principal executive office (number, street, city, state, zip code): 1 South Street, Baltimore, Maryland 21202 - --------------------------------------------------------------------------------------------------------
INSTRUCTIONS This Form must be completed by investment companies that have custody of securities or similar investments. Investment Company 1. All items must be completed by the investment company. 2. Give this Form to the independent public accountant who, in compliance with Rule 17f-2 under the Act and applicable state law, examines securities and similar investments in the custody of the investment company. Accountant 3. Submit this Form to the Securities and Exchange Commission and appropriate state securities administrators when filing the certificate of accounting required by Rule 17f-2 under the Act and applicable state law. File the original and one copy with the Securities and Exchange Commission's principal office in Washington, D.C., one copy with the regional office for the region in which the investment company's principal business operations are conducted, and one copy with the appropriate state administrator(s), if applicable. THIS FORM MUST BE GIVEN TO YOUR INDEPENDENT PUBLIC ACCOUNTANT * national Fund, Inc., 811-5320 Flag Investors Emerging Growth Fund, Inc., 811-6084 Flag Investors Short-Intermediate Income Fund, Inc., 811-6600 Flag Investors Value Builder Fund, Inc., 811-8500 Flag Investors Real Estate Securities Fund, Inc., 811-8886 Flag Investors Equity Partners Fund, Inc., 811-7922 Flag Investors Maryland Intermediate Tax-Free Income Fund, Inc. -----END PRIVACY-ENHANCED MESSAGE-----