SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
AMENDED FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): September 23, 1997
Everest Futures Fund, L.P.
(Exact name of registrant as specified in its charter)
Iowa 0-17555 42-1318186
(State or other (Commission (IRS Employer
jurisdiction of File Number) Identification No.)
organization)
508 North Second St., Suite 302, Fairfield, Iowa 52556
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (515) 472-5500
Not applicable.
(Former name or former address, if changed since last report).
Item 1. Changes in Control of Registrant
Not Applicable.
Item 2. Acquisition or Disposition of Assets
Not Applicable.
Item 3. Bankruptcy or Receivership
Not Applicable.
Item 4. Changes in Registrant's Certifying Accountant
Ernst & Young LLP, the former accountant of the Registrant,
was dismissed on September 23, 1997. Ernst & Young LLP gave an
unqualified opinion to the Registrant for the past two fiscal
years ended December 31, 1995 and December 31, 1996. The
decision to change accountants was recommended by the Board of
Directors of the General Partner of the Registrant. During the
Registrant's two most recent fiscal years and subsequent interim
period preceding the dismissal of Ernst & Young LLP there were
no disagreements with Ernst & Young LLP on any matter of
accounting principles or practices, financial statement
disclosure, or auditing scope or procedure which disagreements,
if not resolved to the satisfaction of Ernst & Young LLP, would
have caused Ernst & Young LLP to make a reference to the subject
matter of the disagreement(s) in connection with its reports.
During the Registrant's two most recent fiscal years preceding
the dismissal of Ernst & Young LLP there was no occurrence of
events as described in Item 304(a)(1)(v) paragraphs (A) through
(D).
The Registrant engaged KPMG Peat Marwick LLP as its new
independent accountant effective September 24, 1997. During the
Registrant's two most recent fiscal years and subsequent interim
period prior to engaging KPMG Peat Marwick LLP, the Registrant
has not consulted with KPMG Peat Marwick regarding either the
application of an accounting principal, the type of opinion that
would be rendered on the Registrant's financial statements, or
any matter that was the subject of disagreement.
The Registrant has provided Ernst & Young LLP with a copy of
this Form 8-K and Ernst & Young LLP has provided to the
Registrant a copy of a letter addressed to the Securities and
Exchange Commission stating that it agrees with the statements
made by the Registrant in this Form 8-K. The letter provided by
Ernst & Young LLP to the Securities and Exchange Commission is
attached hereto as Exhibit A.
Item 5. Other Events
Not Applicable.
Item 6. Resignations of Registrant's Directors
Not Applicable.
Item 7. Financial Statements and Exhibits
Not Applicable.
Item 8. Change in Fiscal Year.
Not Applicable.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of
1934, the registrant has duly caused this report to be signed on
its behalf by the undersigned thereunto duly authorized.
DATE: November 14, 1997 EVEREST FUTURES FUND, L.P.
(Registrant)
Everest Asset Management, Inc.,
General Partner
BY: /s/ Peter Lamoureux
Peter Lamoureux
President
[On Ernst & Young LLP Letterhead]
September 29, 1997
Securities and Exchange Commission
450 Fifth Street, N.W.
Washington, D.C. 20549
Re: Commodity Pool: Everest Futures Fund, L.P.,
Commission File No. 0-17555
Gentlemen:
We have read Item 4 of Form 8-K dated September 23, 1997 of
Everest Futures Fund, L.P. and are in agreement with the
statements contained in the paragraphs on page 2 therein. We
have no basis to agree or disagree with other statements of the
registrant contained therein.
/s/ Ernst & Young LLP
ERNST & YOUNG LLP