<PAGE>
EXHIBIT 99.1
TCW INVESTMENT MANAGEMENT COMPANY
865 South Figueroa Street, Suite 1800
Los Angeles, California 90017
(213) 244-0000 Telephone
(213) 244-0645 Facsimile
December 27, 2000
Board of Directors
TCW Galileo Funds, Inc.
865 South Figueroa Street
Los Angeles, California 90017
Re: TCW GALILEO FUNDS, INC.
-----------------------
Gentlemen:
At your request, I have examined the Form of Rule 24F-2 (the "Form")
proposed to be filed by you with the Securities and Exchange Commission. The
Form states that during the fiscal year ended October 31, 1999, you issued and
sold the following number of shares of Common Stock, $.001 par value, of the
following portfolios (the "Shares"), in reliance upon your registration of an
indefinite number of shares of the following portfolios pursuant to Rule 24f-2
under the Investment Company Act of 1940, as amended:
<TABLE>
<CAPTION>
Number
Name of Shares
---- -------------
<S> <C>
TCW Galileo High Yield Bond Fund 18,329,255
TCW Galileo Core Fixed Income Fund 3,394,226
TCW Galileo Total Return Mortgage Backed
Securities Fund 703,703
TCW Galileo Mortgage Backed Securities Fund 4,776,953
TCW Galileo Money Market Fund 2,698,993,263
TCW Galileo Covertible Securities Fund 1,811,201
TCW Galileo Select Equities Fund 22,255,808
TCW Galileo Large Cap Growth Fund 378,598
TCW Galileo Large Cap Value Fund 5,680,288
TCW Galileo Small Cap Growth Fund 10,902,264
TCW Galileo Small Cap Value Fund 98,263
TCW Galileo Value Opportunities Fund 2,041,825
</TABLE>
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December 27, 2000
Board of Directors
Page 2
<TABLE>
<CAPTION>
Number
Name of Shares
---- -------------
<S> <C>
TCW Galileo Earnings Momentum Fund 390,202
TCW Galileo Aggressive Growth Equities Fund 6,593,223
TCW Galileo Latin America Equities Fund 92,291
TCW Galileo Asia Pacific Equities Fund 344,125
TCW Galileo Emerging Markets Equities Fund 4,335,428
TCW Galileo Emerging Markets Income Fund 6,857,932
TCW Galileo International Equities Fund 1,561,243
TCW Galileo Japanese Equities Fund 2,620,146
TCW Galileo European Equities Fund 4,977,727
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Total: 2,797,105,339
==============
</TABLE>
I am familiar with the proceedings taken by you in connection with the
authorization, issuance and sale of the Shares. Based upon my examination and
upon my knowledge of your corporate activities, and assuming, without
independent verification, that the Shares were sold in compliance with
applicable Blue Sky laws and in the manner referred to in your Registration
Statement on Form N-1A filed under the Securities Act of 1933, as amended, it is
my opinion that the Shares constituted validly issued, fully paid and
nonassessable shares of your Common Stock.
I am a member of the bars of Maryland and New Jersey.
I consent to the filing of this opinion as an exhibit to the Form.
Respectfully submitted,
/s/ Philip K. Holl
Philip K. Holl
PKH/rp
