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<PAGE> PAGE 2
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<PAGE> PAGE 7
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SIGNATURE JAMES COLANTINO
TITLE SENIOR ADMINISTRATOR
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xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx
February 25, 1998
Board of Directors
Colorado Double Tax-Exempt Bond Fund, Inc.
In planning and performing our audit of the financial statements of
COLORADO DOUBLE TAX-EXEMPT BOND FUND, INC. (comprising respectively, the
Short Intermediate and Income Portfolios) for the period ended December 31,
1997, we considered its internal control, including controls over
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 COLORADO DOUBLE TAX-EXEMPT BOND FUND, INC. 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.
These controls include the safeguarding of assets against unauthorized
acquisition, use or disposition.
Because of inherent limitations in internal control, errors or Irregularities
may occur and may 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 component 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 controls over 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 and the Securities and Exchange Commission.
Baird, Kurtz & Dobson
Denver, Colorado
February 23, 1998
