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SIGNATURE JULIE F. WILLIAMS
TITLE SECRETARY
INDEPENDENT AUDITORS' REPORT
To the Board of Trustees of The American Funds Income Series - U.S.
Government Securities Fund:
In planning and performing our audit of the financial statements of
The American Funds Income Series - U.S. Government Securities Fund
(the "Fund") for the year ended August 31, 1999 (on which we have
issued our report dated September 30, 1999), 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 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,
misstatements due to error or fraud may occur and not be detected.
Also, projections of any evaluation of internal control to future
periods are subject to the risk that the internal control may become
inadequate because of changes in conditions, or that the degree of
compliance with policies or procedures may deteriorate.
Our consideration of the Fund's internal control would not
necessarily disclose all matters in the 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 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 August 31, 1999.
This report is intended solely for the information and use of
management, the Board of Trustees of The American Funds Income
Series - U.S. Government Securities Fund, and the Securities and
Exchange Commission and is not intended to be and should not be used
by anyone other than these specified parties.
DELOITTE & TOUCHE LLP
Los Angeles, California
September 30, 1999
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
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