CERTIFICATIONS

I, Michael L. Hershey, certify that:

1.I have reviewed this report on Form N-CSR of The Henlopen Fund;

2.Based on my knowledge, this report does not contain any untrue statement of a
  material fact or omit to state a material fact necessary to make the
  statements made, in light of the circumstances under which such statements
  were made, not misleading with respect to the period covered by this report;

3.Based on my knowledge, the financial statements, and other financial
  information included in this report, fairly present in all material respects
  the financial condition, results of operations, changes in net assets, and
  cash flows (if the financial statements are required to include a statement
  of cash flows) of the registrant as of, and for, the periods presented in
  this report;

4.The registrant's other certifying officers and I are responsible for
  establishing and maintaining disclosure controls and procedures (as defined
  in Rule 30a-2(c) under the Investment Company Act of 1940) for the registrant
  and have:

  a) designed such disclosure controls and procedures to ensure that material
     information relating to the registrant, including its consolidated
     subsidiaries, is made known to us by others within those entities,
     particularly during the period in which this report is being prepared;

  b) evaluated the effectiveness of the registrant's disclosure controls and
     procedures as of a date within 90 days prior to the filing date of this
     report (the "Evaluation Date"); and

  c) presented in this report our conclusions about the effectiveness of the
     disclosure controls and procedures based on our evaluation as of the
     Evaluation Date;

5.The registrant's other certifying officers and I have disclosed, based on our
  most recent evaluation, to the registrant's auditors and the audit committee
  of the registrant's board of directors (or persons performing the equivalent
  functions):

  a) all significant deficiencies in the design or operation of internal
     controls which could adversely affect the registrant's ability to record,
     process, summarize, and report financial data and have identified for the
     registrant's auditors any material weaknesses in internal controls; and

  b) any fraud, whether or not material, that involves management or other
     employees who have a significant role in the registrant's internal
     controls; and

6.The registrant's other certifying officers and I have indicated in this
  report whether or not there were significant changes in internal controls or
  in other factors that could significantly affect internal controls subsequent
  to the date of our most recent evaluation, including any corrective actions
  with regard to significant deficiencies and material weaknesses.

Date:   8-18-03                 /s/Michael L. Hershey
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                                Michael L. Hershey,
                                President, Principal Executive Officer &
                                Principal Financial Officer