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SIGNATURE SCOTT FITZHENRY
TITLE ASSISTANT VICE PRES.
<TABLE> <S> <C>
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<CIK> 0000714528
<NAME> NEW ENGLAND TAX EXEMPT MONEY MARKET TRUST
<SERIES>
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</TABLE>
August 7, 1998
To the Board of Trustees and
Shareholders of New England
Cash Management Trust Money
Market Series and New England
Tax Exempt Money Market Trust
In planning and performing our audits of the financial statements of New
England Cash Management Trust Money Market Series and New England Tax Exempt
Money Market Trust (hereafter referred to as the Trusts) for the year ended
June 30, 1998, we considered its internal control, including control
activities for safeguarding securities, in order to determine our auditing
procedures for the purpose of expressing our opinion on the financial
statements and to comply with the requirements of Form N-SAR, not to provide
assurance on internal control.
The management of the Trusts 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 controls. Generally, controls that are relevant to an audit pertain to
the entitys objective of preparing financial statements for external purposes
that are fairly presented in conformity with generally accepted accounting
principles. Those controls include the safeguarding of assets against
unauthorized acquisition, use or disposition.
Because of inherent limitations in internal control, errors or fraud 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 one or
more of the internal control components does not reduce to a relatively low
level the risk that misstatements caused by error or fraud 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 and its operation, including controls for
safeguarding securities, that we consider to be material weaknesses as
defined above as of June 30, 1998.
This report is intended solely for the information and use of management and
the Board of Trustees of the Trusts and the Securities and Exchange Commission.
PricewaterhouseCoopers LLP
160 Federal Street
Boston MA 02110
