July 24, 2000
Securities and Exchange Commission
ATTN: SECPS/Mail Stop 9-5
Washington, D.C. 20549
We have read the Kinetics Mutual Funds, Inc. and The Kinetics Portfolios Trust
statement regarding our termination as their independent auditors included at
the end of the "Notes to the Financial Statements" and agree with the
information contained therein.
This is to confirm that the client-auditor relationship between Kinetics Mutual
Funds, Inc. (Commission File Number 811-07595) and McCurdy & Associates CPA's,
Inc. has ceased.
Sincerely,
McCurdy & Associates CPA's, Inc.
cc: Andrew P. Chica
Firstar Mutual Fund Services
Lee Schultheis
Kinetics Asset Management, Inc.
