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<PAGE> PAGE 9
080 A000100 NATIONAL UNION FIRE INSURANCE COMPANY
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SIGNATURE JULIE F. WILLIAMS
TITLE SECRETARY
INDEPENDENT AUDITORS' REPORT
The Intermediate Bond Fund of America, Inc.:
In planning and performing our audit of the financial
statements of Intermediate Bond Fund of America, Inc., (the
"Fund") for the year ended August 31, 1998 (on which we
have issued our report dated September 30, 1998), 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,
errors or fraud 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 the Fund's 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
errors 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,
1998.
This report is intended solely for the information and use
of management, the Board of Directors of Intermediate Bond
Fund of America, Inc., and the Securities and Exchange
Commission.
DELOITTE & TOUCHE LLP
Los Angeles, California
September 30, 1998
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