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Exhibit 16
Hays & Company
July 31, 2000
Securities and Exchange Commission
450 Fifth Street, N.W.
Washington, DC 20549
Re: Resources Pension Shares 5, L.P.
Ladies and Gentlemen:
We have read the statements that we understand Resources Pension Shares 5, L.P.
will include under Item 4 of the Form 8-K report it will file regarding the
recent change of auditors. We agree with such statements made regarding our
firm. We have no basis to agree or disagree with other statements made under
Item 4.
Very truly yours,
Hays & Company
