[KPMG Logo]
700 Lousiana Telephone 713 319 2000
Houston, TX 77002 Fax 713 319 2041
January 2, 2001
Securities and Exchange Commission
Washington, D.C. 20549
We were previously accountants for Short-term Investments Trust and, under the
date of October 6, 1999, we reported on the financial statements of the
portfolios of Short-term Investments Trust as of and for the year ended August
31, 1999. On December 28, 2000 we resigned. We have read Short-term Investments
Trust's statements included under Sub-Item 77K in its Amended Form N-SAR and we
agree with such statements.
Very truly yours,
/s/ KPMG LLP
