Management Statement Regarding Compliance With Certain
Provisions of the Investment Company Act of 1940
We, as members of management of Matthew 25 Fund, Inc. (the "Company"), 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 Company's
compliance with the requirements of subsections (b) and (c) of Rule 17f-2 as
of December 11, 2000 and from October 16, 2000 through December 11, 2000.
Based on this evaluation, we assert that the Company was in compliance with
the requirements of subsections (b) and (c) of Rule 17f-2 of the Investment
Company Act of 1940 as of December 11, 2000 and from October 16, 2000 through
December 11, 2000 with respect to securities reflected in the investment
account of the Company.
Matthew 25 Fund, Inc.
By:
/s/_Mark Mulholland
Mark Mulholland
President
