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<PAGE> 1 EXHIBIT 16.1 [CROUCH, BIERWOLF & CHISHOLM LETTERHEAD] July 25, 2000 Securities and Exchange Commission 450 Fifth Street, N.W. Washington, D.C. 20549 Dear Sir or Madam: We have read Item 4 of RateXchange Corporation's Form 8-K, dated July 20, 2000 and agree with the statements contained therein. Sincerely, /s/ CROUCH, BIERWOLF & CHISHOLM
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