To the Board of Trustees of
Lindner Investments:
In planning and performing our audits of the financial statements
of
Lindner Investments (the "Trust"), consisting of the Lindner Large-Cap
Fund,
the Lindner Asset Allocation Fund, the Lindner Utility Fund, the
Lindner
Small-Cap Fund, the Lindner Opportunities Fund, the Lindner Market
Neutral
Fund, and the Lindner Government Money Market Fund, (collectively the
"Funds")
for the year ended June 30, 2000 (on which we have issued our report
dated
August 4, 2000), 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 Trust's internal control.
The management of the Trust 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
accounting
principles generally accepted in the United States of America. Those
controls
include the safeguarding of assets against unauthorized acquisition,
use, or
disposition.
Because of inherent limitations in any internal control,
misstatements
due to error or fraud may occur and not be detected. Also,
projections
of any
evaluation of internal control to future periods are subject to the
risk
that
the internal control may become inadequate because of changes in
conditions or
that the degree of compliance with policies or procedures deteriorate.
Our consideration of the Trust'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 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 the Trust's internal control and its operation,
including
controls for safeguarding securities, that we consider to be material
weaknesses as defined above as of June 30, 2000.
This report is intended solely for the information and use of
management, the Board of Trustees of Lindner Investments, and the
Securities
and Exchange Commission and is not intended to be and should not be
used
by
anyone other than these specified parties.
/s/ DELOITTE & TOUCHE LLP
August 4, 2000
