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SIGNATURE GUY NORDAHL
TITLE ASSIS.VICE PRESIDENT
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000812090
<NAME> THE ZWEIG FUND, INC.
<MULTIPLIER> 1,000
<S> <C>
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<PERIOD-END> DEC-31-1999
<INVESTMENTS-AT-COST> 636,214
<INVESTMENTS-AT-VALUE> 732,869
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</TABLE>
Report of Independent Accountants
To the Shareholders and Board of Directors
of The Zweig Fund, Inc.
In planning and performing our audit of the financial statements
of The Zweig Fund, Inc. (the "Fund") for the year ended
December 31, 1999, we considered its internal control,
including control activitiesfor safeguarding securities,
in order to determine our auditingprocedures 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 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 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 controls may become inadequate
because of changes in conditions or that the effectiveness
of their 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 December 31, 1999.
To the Shareholders and Board of Directors
of The Zweig Fund, Inc.
This report is intended solely for the information and use
of the Board of Directors, management and the Securities
and Exchange Commission and is not intended to be and should
not be used by anyone other than these specified parties.
February 4, 2000
