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SIGNATURE JULIE F. WILLIAMS
TITLE SECRETARY
September 30, 1997
To the Board of Trustees of
The Tax-Exempt Bond Fund of America, Inc.
In planning and performing our audit of the financial
statements of The Tax-Exempt Bond Fund of America, Inc.
(the "Fund") for the year ended August 31, 1997, we
considered its internal control structure, including
control activities for safeguarding securities, in order
to determine our auditing procedures for the purposes of
expressing our opinion on the financial statements and to
comply with the requirements of Form N-SAR, and not to
provide assurance on internal control.
The management of the Fund is responsible for establishing
and maintaining internal control. In fulfilling this
responsibility, estimates and judgments by management are
required to assess the expected benefits and related costs
of control activities. Generally, control activities that
are relevant to an audit pertain to the entity's objective
of preparing financial statements for external purposes
that are fairly presented in conformity with generally
accepted accounting principles. Those control activities
include the safeguarding of assets against unauthorized
acquisition, use or disposition.
Because of inherent limitations in internal control,
errors or irregularities may occur and not be detected.
Also, projection of any evaluation of internal control to
future periods is subject to the risk that it may become
inadequate because of changes in conditions or that the
effectiveness of the design and operation may deteriorate.
Our consideration of internal control would not
necessarily disclose all matters in internal control that
might be material weaknesses under standards established
by the American Institute of Certified Public Accountants.
A material weakness is a condition in which the design or
operation of any specific internal control components does
not reduce to a relatively low level the risk that errors
or irregularities in amounts that would be material in
relation to the financial statements being audited may
occur and not be detected within a timely period by
employees in the normal course of performing their
assigned functions. However, we noted no matters
involving internal control, including control activities
for safeguarding securities, that we consider to be
material weaknesses as defined above as of August 31, 1997
This report is intended solely for the information and use
of management and the Securities and Exchange Commission.
/S/ PRICE WATERHOUSE LLP
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