BBHXX Bbh US Treasury Money Fund (MM)

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549
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FORM N-17f-2 OMB Approval
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Certificate of Accounting of Securities and OMB Number: 3235-0360
Similar Investments in the Custody Expires: July 31, 2009
of Management Investment Companies Estimate average burden hours
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Pursuant to Rule 17f-2 [17 CFR 270.17f-2] -----------------------------

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1. Investment Company Act File Number: Date examination completed:

811-03779 2/29/2008

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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:

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

REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM

To the Board of Directors and Trustees of BBH Trust comprised of:
BBH Real Return Fund, BBH International Equity Fund, BBH Core Select, BBH Broad Market Fund, BBH Tax Exempt Money Fund, BBH Money Market Fund, and BBH U.S. Treasury Money Fund:

We have examined management's assertion included in the accompanying Management Statement Regarding Compliance with Certain Provisions of the Investment Company Act of 1940 that BBH Trust, (comprised of BBH Real Return Fund, BBH International Equity Fund, BBH Core Select, BBH Broad Market Fund, BBH Tax Exempt Money Fund, and BBH U.S. Treasury Money Fund) (collectively, the "Funds") complied with the requirements of Subsections
(b) and (c) of Rule 17f-2 under the Investment Company Act of 1940 (the "Act") as of July 31, 2007. 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 conducted in accordance with attestation standards established by the American Institute of certified Public Accountants, as adopted by the Public Company Accounting Oversight Board (United States), and, accordingly, included examining, on a test basis, evidence about the Funds' 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 July 31, 2007 and with respect to agreement of security purchases and sales for the period from April 30, 2007 (date of our last examination) through July 31, 2007.

1. Confirmation of all securities held in book entry form by The Depository Trust Company, Morgan Guaranty Trust Company of New York and various Sub-custodians;

2. Confirmation of all securities that are hypothecated, pledged, placed in escrow, or out for transfer with brokers, pledgees and/or transfer agents without prior notice to management;

3. Reconciliation of all such securities to the books and records of the Funds and the Custodian;

4. Confirmation of all repurchase agreements with brokers/banks and agreement of underlying collateral with Brown Brothers Harriman records; and

5. Agreement of a twenty five of security purchases and twenty five security sales or maturities since our last report from the books and records of the Funds to broker confirmations.

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 complied with the requirements of Subsections (b) and (c) of Rule 17f-2 of the Act as of July 31, 2007 with 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 and the Board of Trustees of the Funds and the Securities and Exchange Commission and is not intended to be and should not be used by anyone other than these specified parties.

Deloitte & Touche LLP

February 29, 2008
Boston, Massachusetts

February 29, 2008

Management Statement Regarding Compliance with Certain Provisions of the Investment Company Act of 1940

We, as members of management of BBH Trust (comprised of BBH Real Return Fund, BBH International Equity Fund, BBH Core Select, BBH Broad Market Fund, BBH Tax Exempt Money Fund, BBH Money Market Fund, and BBH U.S. Treasury Money Fund) (collectively, the "Funds"), are responsible for complying with the requirements of subsections (b) and (c) of rule 17f-2, "Custody of Investments by Registered Management Investment Companies," of the Investment Company Act of 1940. We are also responsible for establishing and maintaining effective internal controls over compliance with those requirements. We have performed an evaluation of the Funds' compliance with the requirements of subsections (b) and (c) of rule 17f-2 as of July 31, 2007, and from April 30, 2007 (the date of your last examination) through July 31, 2007.

Based on this evaluation, we assert 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 July 31, 2007, and from April 30, 2007 (the date of your last examination) through July 31, 2007, with respect to securities reflected in the investment accounts of the Funds.

ON BEHALF OF:
BBH Trust.

Charles Schreiber
Treasurer, BBH Trust

John A. Gehret
President, BBH Trust

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