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SIGNATURE JOSEPH VAN DYKE
TITLE ASSISTANT TREASURER
<PAGE>
Board of Directors
Lord Abbett Mid-Cap Value Fund, Inc.:
In planning and performing our audit of the financial statements of Lord
Abbett Mid-Cap Value Fund, Inc. (the Fund) for the year ended December
31, 1997 (on which we have issued our report dated January 28, 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, and not to provide assurance on
the Fund's internal control.
The management of the Fund is responsible for establishing and maintaining
an 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 entity's 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 any internal control, errors or fraud
may occur and not be detected. Also, projection of any evaluation of the
structure 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 the Funds 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 the specific internal control components does not reduce to a
relatively low level the risk that errors 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 the Fund's internal control and its operation, including controls
for safeguarding securities, that we consider to be material weaknesses as
defined above as of December 31, 1997.
This report is intended solely for the information and use of management, the
Board of Directors of Lord Abbett Mid-Cap Value Fund, Inc. and the Securities
and Exchange Commission.
January 28, 1998
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