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EXHIBIT 16
ARTHUR ANDERSEN LLP
225 FRANKLIN STREET
BOSTON, MA 02110-2812
TEL. 617-330-4000
Office of the Chief Accountant
Securities and Exchange Commission
450 Fifth Street, N.W.
Washington, D.C. 20549
September 21, 2000
Dear Sir/Madam:
We have read paragraphs four and five of Proposal 2 included in the Proxy
Statement dated September 20, 2000 of Prospect Street High Income Portfolio Inc.
to be filed with the Securities and Exchange Commission and are in
agreement with the statements contained therein.
Very truly yours,
Arthur Andersen LLP
cc: Mr. R. Joseph Dougherty, Prospect Street High Income Portfolio Inc.
